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<SEC-DOCUMENT>0000950123-09-005489.txt : 20090327
<SEC-HEADER>0000950123-09-005489.hdr.sgml : 20090327
<ACCEPTANCE-DATETIME>20090326190657
ACCESSION NUMBER:		0000950123-09-005489
CONFORMED SUBMISSION TYPE:	DEF 14A
PUBLIC DOCUMENT COUNT:		4
CONFORMED PERIOD OF REPORT:	20090428
FILED AS OF DATE:		20090327
DATE AS OF CHANGE:		20090326
EFFECTIVENESS DATE:		20090327

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			CVR ENERGY INC
		CENTRAL INDEX KEY:			0001376139
		STANDARD INDUSTRIAL CLASSIFICATION:	PETROLEUM REFINING [2911]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			DE

	FILING VALUES:
		FORM TYPE:		DEF 14A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-33492
		FILM NUMBER:		09707740

	BUSINESS ADDRESS:	
		STREET 1:		2277 PLAZA DRIVE
		STREET 2:		SUITE 500
		CITY:			SUGAR LAND
		STATE:			TX
		ZIP:			77479
		BUSINESS PHONE:		(281) 207-7711

	MAIL ADDRESS:	
		STREET 1:		2277 PLAZA DRIVE
		STREET 2:		SUITE 500
		CITY:			SUGAR LAND
		STATE:			TX
		ZIP:			77479
</SEC-HEADER>
<DOCUMENT>
<TYPE>DEF 14A
<SEQUENCE>1
<FILENAME>y75348def14a.htm
<DESCRIPTION>DEFINITIVE PROXY STATEMENT
<TEXT>
<HTML>
<HEAD>
<TITLE>DEF 14A</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
<!-- PAGEBREAK -->
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
</DIV><!-- END PAGE WIDTH -->
<DIV style="width: 89%; margin-left: 5%"><!-- BEGIN PAGE WIDTH -->

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>UNITED STATES</B>
</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>SECURITIES AND EXCHANGE COMMISSION</B>
</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>Washington,&#160;D.C. 20549</B>
</DIV>

<DIV style="margin-top: 5pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>SCHEDULE&#160;14A</B>
</DIV>

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Proxy
    Statement Pursuant to Section&#160;14(a) of the Securities<BR>
    Exchange Act of 1934</FONT></B>
</DIV>

<DIV style="margin-top: 9pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Filed by the Registrant
    <FONT style="font-family: Wingdings; font-variant: normal">&#254;
    </FONT>
</DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Filed by a Party other than the Registrant
    <FONT style="font-family: Wingdings; font-variant: normal">&#111;
    </FONT>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Check the appropriate box:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <FONT style="font-family: Wingdings; font-variant: normal">&#111;</FONT>
    Preliminary Proxy Statement
</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <FONT style="font-family: Wingdings; font-variant: normal">&#111;</FONT>
    Confidential, for Use of the Commission Only (as permitted by
    <FONT style="white-space: nowrap">Rule&#160;14a-6(e)(2))</FONT>
</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <FONT style="font-family: Wingdings; font-variant: normal">&#254;</FONT>
    Definitive Proxy Statement
</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <FONT style="font-family: Wingdings; font-variant: normal">&#111;</FONT>
    Definitive Additional Materials
</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <FONT style="font-family: Wingdings; font-variant: normal">&#111;</FONT>
    Soliciting Material Pursuant to
    <FONT style="white-space: nowrap">&#167;&#160;240.14a-12</FONT>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    CVR Energy, Inc.
</DIV>

<DIV style="font-size: 1pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><!-- callerid=999 iwidth=480 length=0 -->

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <FONT style="font-size: 8pt">(Name of Registrant as Specified In
    Its Charter)
    </FONT>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV style="font-size: 1pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><!-- callerid=999 iwidth=480 length=0 -->

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <FONT style="font-size: 8pt">(Name of Person(s) Filing Proxy
    Statement, if other than the Registrant)
    </FONT>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Payment of Filing Fee (Check the appropriate box):
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <FONT style="font-family: Wingdings; font-variant: normal">&#254;</FONT>
    No fee required.
</DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <FONT style="font-family: Wingdings; font-variant: normal">&#111;</FONT>
    Fee computed on table below per Exchange Act
    <FONT style="white-space: nowrap">Rules&#160;14a-6(i)(1)</FONT>
    and 0-11.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="96%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>    (1)&#160;&#160;</TD>
    <TD align="left">
    Title of each class of securities to which transaction applies:
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV style="font-size: 8pt; margin-left: 4%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><!-- callerid=999 iwidth=480 length=0 -->

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="96%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>    (2)&#160;&#160;</TD>
    <TD align="left">
    Aggregate number of securities to which transaction applies:
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV style="font-size: 8pt; margin-left: 4%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><!-- callerid=999 iwidth=480 length=0 -->

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="96%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>    (3)&#160;&#160;</TD>
    <TD align="left">
    Per unit price or other underlying value of transaction computed
    pursuant to Exchange Act
    <FONT style="white-space: nowrap">Rule&#160;0-11</FONT>
    (set forth the amount on which the filing fee is calculated and
    state how it was determined):
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV style="font-size: 8pt; margin-left: 4%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><!-- callerid=999 iwidth=480 length=0 -->

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="96%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>    (4)&#160;&#160;</TD>
    <TD align="left">
    Proposed maximum aggregate value of transaction:
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV style="font-size: 8pt; margin-left: 4%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><!-- callerid=999 iwidth=480 length=0 -->

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="96%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>    (5)&#160;&#160;</TD>
    <TD align="left">
    Total fee paid:
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV style="font-size: 8pt; margin-left: 4%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><!-- callerid=999 iwidth=480 length=0 -->

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="3%"></TD>
    <TD width="97%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>    <FONT style="font-family: Wingdings; font-variant: normal">&#111;</FONT>&#160;&#160;
</TD>
    <TD align="left">    Fee paid previously with preliminary materials.
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>    <FONT style="font-family: Wingdings; font-variant: normal">&#111;</FONT>&#160;&#160;
</TD>
    <TD align="left">    Check box if any part of the fee is offset as provided by
    Exchange Act
    <FONT style="white-space: nowrap">Rule&#160;0-11(a)(2)</FONT>
    and identify the filing for which the offsetting fee was paid
    previously. Identify the previous filing by registration
    statement number, or the Form or Schedule and the date of its
    filing.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="96%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>    (1)&#160;&#160;</TD>
    <TD align="left">
    Amount Previously Paid:
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV style="font-size: 8pt; margin-left: 4%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><!-- callerid=999 iwidth=480 length=0 -->

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="96%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>    (2)&#160;&#160;</TD>
    <TD align="left">
    Form, Schedule or Registration Statement No.:
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV style="font-size: 8pt; margin-left: 4%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><!-- callerid=999 iwidth=480 length=0 -->

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="96%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>    (3)&#160;&#160;</TD>
    <TD align="left">
    Filing Party:
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV style="font-size: 8pt; margin-left: 4%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><!-- callerid=999 iwidth=480 length=0 -->

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="96%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>    (4)&#160;&#160;</TD>
    <TD align="left">
    Date Filed:
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV style="font-size: 8pt; margin-left: 4%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><!-- callerid=999 iwidth=480 length=0 -->

<P align="left" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 89%; margin-left: 5%"><!-- BEGIN PAGE WIDTH -->
</DIV><!-- END PAGE WIDTH -->
<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <IMG src="y75348y7534801.gif" alt="(CVR ENERGY)">
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="right" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    March&#160;27, 2009
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Dear Stockholders:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    You are cordially invited to attend the 2009 Annual Meeting of
    Stockholders of CVR Energy, Inc., on Tuesday, April&#160;28,
    2009 at 10:00&#160;a.m. (Central Time) at the Sugar Land
    Marriott Town Square Hotel, 16090 City Walk, Sugar Land, TX
    77479. The accompanying Notice of 2009 Annual Meeting of
    Stockholders and Proxy Statement describe the items to be
    considered and acted upon by the stockholders at the meeting.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Whether or not you are able to attend, it is important that your
    shares be represented at the meeting. Accordingly, we ask that
    you please complete, sign, date and return the enclosed proxy
    card in the envelope provided at your earliest convenience.
    Alternatively, you can vote your proxy by telephone by following
    the instructions on the enclosed proxy card. If you attend the
    meeting, you may revoke your proxy, if you wish, and vote
    personally.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Along with the attached Proxy Statement, we are also sending you
    the CVR Energy 2008 Annual Report, which includes our 2008
    Annual Report on
    <FONT style="white-space: nowrap">Form&#160;10-K</FONT>
    and financial statements.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    As the representation of stockholders at the meeting is very
    important, we thank you in advance for your participation.
</DIV>

<DIV style="margin-top: 24pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Sincerely yours,
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <IMG src="y75348y7534802.gif" alt="SIGNATURE">
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    John J. Lipinski<BR>
    Chairman of the Board of Directors,<BR>
    Chief Executive Officer and President
</DIV>

<P align="left" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 14pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">CVR
    ENERGY, INC.<BR>
    <FONT style="font-size: 10pt">2277 Plaza Drive,
    Suite&#160;500<BR>
    Sugar Land, Texas 77479<BR>
    <FONT style="white-space: nowrap">(281)&#160;207-3200</FONT><BR>
    <U>www.cvrenergy.com</U></FONT></FONT></B>
</DIV>

<DIV style="margin-top: 14pt; font-size: 1pt">&nbsp;</DIV>

<CENTER style="font-size: 1pt; width: 18%; border-bottom: 1pt solid #000000"></CENTER><!-- callerid=999 iwidth=455 length=84 -->

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B><FONT style="font-size: 12pt">NOTICE OF 2009 ANNUAL MEETING
    OF STOCKHOLDERS</FONT></B>
</DIV>

<DIV style="margin-top: 14pt; font-size: 1pt">&nbsp;</DIV>

<CENTER style="font-size: 1pt; width: 18%; border-bottom: 1pt solid #000000"></CENTER><!-- callerid=999 iwidth=455 length=84 -->

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    NOTICE IS HEREBY GIVEN that the 2009 Annual Meeting of
    Stockholders of CVR Energy, Inc. (&#147;CVR Energy&#148;) will
    be held on Tuesday, April&#160;28, 2009 at 10:00&#160;a.m.
    (Central Time), at the Sugar Land Marriott Town Square Hotel,
    16090 City Walk, Sugar Land, TX 77479 to consider and vote upon
    the following matters:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    1.&#160;To elect nine directors for terms of one year each, to
    serve until their successors have been duly elected and
    qualified;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    2.&#160;To ratify the selection of KPMG LLP as CVR Energy&#146;s
    independent registered public accounting firm for the fiscal
    year ending December&#160;31, 2009;&#160;and
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    3.&#160;To transact such other business as may properly come
    before the meeting or any adjournments or postponements thereof.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Only stockholders of record as of the close of business on
    March&#160;12, 2009 will be entitled to notice of, and to vote
    at, the Annual Meeting and any adjournments or postponements
    thereof. A list of stockholders entitled to vote at the meeting
    will be available for inspection during normal business hours
    beginning April&#160;17, 2009 at CVR Energy&#146;s offices at
    2277 Plaza Drive, Suite&#160;500, Sugar Land, Texas 77479.
    <B>Whether or not you plan to attend the meeting, please
    complete, sign, date and return the enclosed proxy card in the
    envelope provided to ensure that your shares of common stock are
    represented at the meeting. </B>You may also vote your shares by
    telephone by following the instructions on the enclosed proxy
    card. If you attend the meeting in person, you may vote your
    shares of common stock at the meeting, even if you have
    previously sent in your proxy.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>Important Notice Regarding the Availability of Proxy
    Materials for the Stockholder Meeting To Be Held on
    April&#160;28, 2009</B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Our Proxy Statement and the CVR Energy 2008 Annual Report, which
    includes our 2008 Annual Report on
    <FONT style="white-space: nowrap">Form&#160;10-K</FONT>
    and financial statements, are available at
    <U>http://annualreport.cvrenergy.com</U>.
</DIV>

<DIV style="margin-top: 24pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    By Order of the Board of Directors,
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <IMG src="y75348y7534803.gif" alt="-s- Edmund S. Gross">
</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Edmund S. Gross<BR>
    Senior Vice President, General Counsel<BR>
    and Secretary
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Sugar Land, Texas
</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    March&#160;27, 2009
</DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">If you
    vote by telephone, you do not need to return your proxy
    card.</FONT></B>
</DIV>

<P align="left" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">TABLE OF
    CONTENTS</FONT></B>
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>
<DIV align="left">
<!-- TOC -->
</DIV>

<DIV align="left">
<A name="tocpage"></A>
</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="97%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=02 type=quadleft -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=02 type=maindata -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=02 type=quadright -->
</TR>
<!-- Table Width Row END -->
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <A HREF='#101'>Information About The Annual Meeting and
    Voting</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <A HREF='#102'>Information About The Annual Report</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    4
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <A HREF='#103'>Corporate Governance</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    6
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <A HREF='#104'>Proposal&#160;1&#160;&#151; Election of
    Directors</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    10
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <A HREF='#105'>Director Compensation for 2008</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    13
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <A HREF='#106'>Securities Ownership of Certain Beneficial Owners
    and Officers and Directors</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    15
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <A HREF='#107'>Section&#160;16(a) Beneficial Ownership Reporting
    Compliance</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    20
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <A HREF='#120'>Executive Officers</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    20
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <A HREF='#108'>Compensation Discussion and Analysis</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    23
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <A HREF='#109'>Compensation Committee Report</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    29
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <A HREF='#110'>Compensation of Executive Officers</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    30
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <A HREF='#111'>Certain Relationships and Related Party
    Transactions</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    45
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <A HREF='#112'>Audit Committee Report</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    63
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <A HREF='#113'>Proposal&#160;2&#160;&#151; Ratification of
    Selection of Independent Registered Public Accounting Firm</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    64
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <A HREF='#114'>Fees Paid to the Independent Registered Public
    Accounting Firm</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    64
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <A HREF='#115'>Stockholder Proposals</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    65
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <A HREF='#116'>Cost of Solicitation</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    66
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <A HREF='#117'>Other Matters</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    66
</TD>
<TD>&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV align="left">
<!-- /TOC -->
</DIV>

<P align="left" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV><!-- END PAGE WIDTH -->
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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">PROXY
    STATEMENT FOR CVR ENERGY, INC.<BR>
    2009 ANNUAL MEETING OF STOCKHOLDERS</FONT></B>
</DIV>
<A name='101'>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">INFORMATION
    ABOUT THE ANNUAL MEETING AND VOTING</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Why did I
    receive this proxy statement?</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    We are providing this proxy statement (&#147;Proxy
    Statement&#148;) in connection with the solicitation by the
    Board of Directors (&#147;Board&#148;) of CVR Energy, Inc.
    (&#147;CVR Energy,&#148; the &#147;Company,&#148;
    &#147;we,&#148; &#147;us&#148; or &#147;our&#148;) of proxies to
    be voted at our 2009 Annual Meeting of Stockholders and at any
    adjournment or postponement thereof (&#147;Annual Meeting&#148;).
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    This Proxy Statement describes the matters on which we would
    like you to vote and provides information on those matters so
    that you can make an informed decision.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Notice of 2009 Annual Meeting, this Proxy Statement, proxy
    card, voting instructions and our annual report for the year
    ended December&#160;31, 2008 (the &#147;2008 Annual
    Report&#148;) are being mailed starting March&#160;27, 2009.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">What
    proposals will be voted on at the Annual Meeting?</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    There are two proposals scheduled to be voted on at the Annual
    Meeting:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    the election of nine directors;&#160;and
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    the ratification of the selection of KPMG LLP (&#147;KPMG&#148;)
    as CVR Energy&#146;s independent registered public accounting
    firm for 2009.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">What is
    CVR Energy&#146;s Board&#146;s voting recommendation?</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Our Board recommends that you vote your shares &#147;FOR&#148;
    each of the nominees of the Board, and &#147;FOR&#148; the
    ratification of the selection of KPMG as CVR Energy&#146;s
    independent registered public accounting firm for 2009.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Who is
    entitled to vote at the Annual Meeting?</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Holders of CVR Energy common stock at the close of business on
    March&#160;12, 2009 (the &#147;Record Date&#148;) are entitled
    to receive the Notice of 2009 Annual Meeting and to vote their
    shares at the Annual Meeting. On that date, there were
    86,243,745&#160;shares of CVR Energy common stock outstanding.
    CVR Energy common stock is our only class of voting stock issued
    and outstanding.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">How many
    votes do I have?</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    You will have one vote for every share of CVR Energy common
    stock that you owned at the close of business on the Record Date.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">What is
    the difference between holding shares as a stockholder of record
    and as a beneficial owner?</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    If your shares are registered directly in your name with CVR
    Energy&#146;s transfer agent, American Stock
    Transfer&#160;&#038; Trust&#160;Company, you are considered the
    &#147;stockholder of record&#148; with respect to those shares.
    The Notice of 2009 Annual Meeting, this Proxy Statement, the
    proxy card and the 2008 Annual Report have been sent directly to
    you by American Stock Transfer&#160;&#038; Trust&#160;Company.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    If your shares are held in a stock brokerage account or by a
    bank or other nominee, you are considered the &#147;beneficial
    owner&#148; with respect to those shares. These shares are
    sometimes referred to as being held &#147;in street name.&#148;
    The Notice of 2009 Annual Meeting, this Proxy Statement, the
    proxy card and the 2008 Annual Report have been forwarded to you
    by your broker, bank or other holder of record who is considered
    the stockholder of record with respect to those shares. As the
    beneficial owner, you have the right to direct your
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    1
</DIV><!-- END PAGE WIDTH -->
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<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    broker, bank or other nominee on how to vote your shares by
    using the voting instruction card included in the mailing or by
    following the instructions on the voting instruction card for
    voting by telephone.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">How do I
    vote?</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    You may vote using any of the following methods:
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">By
    mail</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Be sure to complete, sign and date the proxy card or voting
    instruction card and return it in the prepaid envelope. If you
    are a stockholder of record and you return your signed proxy
    card but do not indicate your voting preferences, the persons
    named in the proxy card will vote the shares represented by that
    proxy as recommended by our Board.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">By
    telephone</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Instead of submitting your vote by mail on the enclosed proxy
    card, you may be able to vote by telephone. Please note that
    there are separate telephone arrangements depending on whether
    you are a stockholder of record (that is, if you hold your stock
    in your own name) or you are a beneficial owner and hold your
    shares in &#147;street name&#148; (that is, if your stock is
    held in the name of your broker, bank or other nominee).
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    If you are a stockholder of record, you may vote by telephone by
    following the instructions provided on your proxy card. If you
    are a beneficial owner but not the record owner since you hold
    your shares in &#147;street name,&#148; you will need to contact
    your broker, bank or other nominee to determine whether you will
    be able to vote by telephone.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The telephone voting procedures are designed to authenticate
    stockholders&#146; identities, to allow stockholders to give
    their voting instructions and to confirm that stockholders&#146;
    instructions have been recorded properly.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Whether or not you plan to attend the Annual Meeting, we urge
    you to vote. Returning the proxy card or voting by telephone
    will not affect your right to attend the Annual Meeting and vote
    in person.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">In
    person at the Annual Meeting</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    All stockholders may vote in person by ballot at the Annual
    Meeting. You may also be represented by another person at the
    Annual Meeting by executing a proper proxy designating that
    person. If you are a beneficial owner of shares but not the
    record holder, you must obtain a legal proxy from your broker,
    bank or other nominee and present that legal proxy to the
    inspectors of election with your ballot to be able to vote at
    the Annual Meeting.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">What can
    I do if I change my mind after I vote?</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    If you are a stockholder of record, you can revoke your proxy
    before it is exercised by:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    written notice of revocation to the Company&#146;s Secretary at
    CVR Energy, Inc., 2277 Plaza Drive, Suite&#160;500, Sugar Land,
    Texas 77479;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    timely delivery of a later-dated proxy or a later-dated vote by
    telephone;&#160;or
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    attending the Annual Meeting and voting in person by ballot.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    If you are a beneficial owner of shares but not the record
    holder, you may submit new voting instructions by contacting
    your broker, bank or other nominee. You may also vote in person
    at the Annual Meeting if you obtain a legal proxy as described
    in the answer to the previous question. All shares that have
    been properly voted and not revoked will be voted at the Annual
    Meeting.
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    2
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">How can I
    attend the Annual Meeting?</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    You are entitled to attend the Annual Meeting only if you were a
    stockholder of record as of the Record Date or you hold a valid
    proxy for the Annual Meeting as described in the previous
    questions. Since seating is limited, admission to the meeting
    will be on a first-come, first-served basis. You should be
    prepared to present photo identification for admittance. If you
    are not a stockholder of record but hold shares as a beneficial
    owner, you should provide proof of beneficial ownership as of
    the Record Date, such as your most recent account statement
    prior to March&#160;12, 2009, a copy of the voting instruction
    card provided by your broker, bank or other nominee, or other
    similar evidence of ownership. You may contact us by telephone
    at
    <FONT style="white-space: nowrap">(281)&#160;207-3200</FONT>
    to obtain directions to vote in person at our annual meeting.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">What
    votes need to be present to hold the Annual Meeting?</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Under our Amended and Restated By-Laws, the presence, in person
    or by proxy, of the holders of a majority of the aggregate
    voting power of the common stock issued and outstanding on
    March&#160;12, 2009 entitled to vote at the Annual Meeting will
    constitute a quorum for the transaction of business at the
    Annual Meeting. Abstentions and broker &#147;non-votes&#148; are
    counted as present and entitled to vote for purposes of
    determining whether a quorum exists.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">What vote
    is required to approve each proposal?</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="50%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="48%">&nbsp;</TD>	<!-- colindex=02 type=maindata -->
</TR>
<!-- Table Width Row END -->
<TR valign="bottom">
<TD align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <B>Proposal&#160;1: Elect Nine Directors</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    The nine nominees for director who receive the most votes will
    be elected. If you do not vote for a nominee, or you indicate
    &#147;withhold authority to vote&#148; for any nominee on your
    proxy card, your vote will not count either for or against the
    nominee.
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <B>Proposal&#160;2: Ratify Selection of Independent Auditors</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    The affirmative vote of a majority of the votes present and
    entitled to vote at the Annual Meeting is required to ratify the
    selection of KPMG as CVR Energy&#146;s independent registered
    public accounting firm for 2009. If you &#147;abstain&#148; from
    voting, it has the same effect as if you voted
    &#147;against&#148; this proposal.
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">How are
    votes counted?</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In the election of directors, your vote may be cast
    &#147;FOR&#148; all of the nominees or your vote may be
    &#147;WITHHELD&#148; with respect to one or more of the
    nominees. For other proposals, your vote may be cast
    &#147;FOR&#148; or &#147;AGAINST&#148; or you may
    &#147;ABSTAIN.&#148; If you &#147;ABSTAIN,&#148; it has the same
    effect as a vote &#147;AGAINST.&#148; If you sign your proxy
    card with no further instructions, your shares will be voted in
    accordance with the recommendations of our Board.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">What is
    the effect of broker non-votes?</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    A broker &#147;non-vote&#148; occurs when a broker, bank or
    other nominee holding shares for a beneficial owner does not
    vote on a particular proposal because the nominee does not have
    discretionary voting power with respect to that item and has not
    received voting instructions from the beneficial owner. Under
    current policy of the New York Stock Exchange (the
    &#147;NYSE&#148;), a broker, bank or other nominee may exercise
    discretionary voting power for both the election of directors
    and the ratification of the selection of KPMG.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Who will
    count the votes?</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Representatives of our transfer agent, American Stock
    Transfer&#160;&#038; Trust&#160;Company, will tabulate the votes
    and act as inspectors of election at the Annual Meeting.
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    3
</DIV><!-- END PAGE WIDTH -->
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Is voting
    confidential?</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    We maintain a policy of keeping all the proxies and ballots
    confidential. The inspectors of election will forward to
    management any written comments that you make on the proxy card.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">What are
    the costs of soliciting these proxies and who will pay
    them?</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    We will bear all costs of solicitation. Upon request, we will
    reimburse banks, brokers and other nominees for the expenses
    they incur in forwarding the proxy materials to you.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Is this
    Proxy Statement the only way that proxies are being
    solicited?</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    No. In addition to our mailing the proxy materials, members of
    our Board, officers and employees may solicit proxies by
    telephone, by fax or other electronic means of communication, or
    in person. They will not receive any compensation for their
    solicitation activities in addition to their regular
    compensation. We have not engaged an outside solicitation firm.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Where can
    I find the voting results?</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    We will publish the voting results in our Quarterly Report on
    <FONT style="white-space: nowrap">Form&#160;10-Q</FONT>
    for the second quarter of 2009, which we will file with the
    Securities and Exchange Commission (&#147;SEC&#148;) in August
    2009. You will be able to find the
    <FONT style="white-space: nowrap">Form&#160;10-Q</FONT>
    on CVR Energy&#146;s Internet site at <U>www.cvrenergy.com</U>,
    as well as on the SEC&#146;s IDEA database at <U>www.sec.gov</U>.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Can a
    stockholder communicate directly with our Board?</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Stockholders and other interested parties may communicate with
    members of our Board by writing to:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    CVR Energy, Inc.<BR>
    2277 Plaza Drive, Suite&#160;500<BR>
    Sugar Land, Texas 77479<BR>
    Attention: Senior Vice President, General Counsel and Secretary
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Stockholders and other interested parties may also send an
    <FONT style="white-space: nowrap">e-mail</FONT> to
    CVR Energy&#146;s Senior Vice President, General Counsel and
    Secretary at <U>esgross@cvrenergy.com</U>. Our General Counsel
    will forward all appropriate communications directly to our
    Board or to any individual director or directors, depending upon
    the facts and circumstances outlined in the communication.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Whom
    should I call if I have any questions?</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    If you have any questions about the Annual Meeting or your
    ownership of CVR Energy common stock, please contact our
    transfer agent at:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    American Stock Transfer&#160;&#038; Trust&#160;Company<BR>
    59 Maiden Lane<BR>
    Plaza Level<BR>
    New York, NY 10038<BR>
    Telephone:
    <FONT style="white-space: nowrap">(800)&#160;937-5449</FONT><BR>
    Website Address: <U>www.amstock.com</U>
</DIV>
<A name='102'>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">INFORMATION
    ABOUT THE ANNUAL REPORT</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Will I
    receive a copy of our annual report?</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    We have mailed you a copy of the 2008 Annual Report with this
    Proxy Statement. The 2008 Annual Report includes our audited
    financial statements, along with other financial information and
    we urge you to read it carefully.
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    4
</DIV><!-- END PAGE WIDTH -->
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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">How can I
    receive a copy of our
    <FONT style="white-space: nowrap">10-K?</FONT></FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>You can obtain, free of charge, a copy of our 2008 Annual
    Report on
    <FONT style="white-space: nowrap">Form&#160;10-K</FONT>
    for the year ended December&#160;31, 2008 (&#147;2008
    <FONT style="white-space: nowrap">Form&#160;10-K&#148;),</FONT>
    by:</B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    accessing our Internet site at <U>www.cvrenergy.com</U>;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    accessing the Internet site at
    <U>http://annualreport.cvrenergy.com</U>;&#160;or
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    writing to:
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    CVR Energy, Inc.<BR>
    2277 Plaza Drive, Suite&#160;500<BR>
    Sugar Land, Texas 77479<BR>
    Attention: Vice President, Investor Relations
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    You can also obtain a copy of our 2008
    <FONT style="white-space: nowrap">Form&#160;10-K</FONT>
    and other periodic filings with the SEC from the SEC&#146;s
    Interactive Data Electronic Applications database at
    <U>www.sec.gov</U>.
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    5
</DIV><!-- END PAGE WIDTH -->
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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<A name='103'>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">CORPORATE
    GOVERNANCE</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Operation
    and Meetings</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Board oversees the business of the Company, which is
    conducted by the Company&#146;s employees and officers under the
    direction of the chief executive officer of the Company. The
    Board performs a number of specific functions, including:
    (1)&#160;reviewing, approving and monitoring fundamental
    financial and business strategies and major corporate actions;
    (2)&#160;selecting, evaluating and compensating the chief
    executive officer and other executive officers of the Company;
    and (3)&#160;reviewing the Company&#146;s compliance with its
    public disclosure obligations. Members of the Board are kept
    informed about our Company&#146;s business by various documents
    sent to them before each meeting and oral reports made to them
    during these meetings by members of the Company&#146;s
    management. The full Board is also advised of actions taken by
    the various committees of our Board by the chairpersons of those
    committees. Directors have access to all of our books, records
    and reports and members of management are available at all times
    to answer their questions. Management also communicates with the
    various members of our Board on a regular informal basis as is
    needed to effectively oversee the activities of our Company.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    During 2008, the Board held seven meetings. Each then incumbent
    director attended at least 75% of the total meetings of the
    Board and the Board committees on which such director served in
    2008. In addition, while we do not have a specific policy
    regarding attendance at the annual meeting, all director
    nominees are encouraged to attend our annual meetings of
    stockholders. In 2008, seven of the directors nominated for
    election attended our annual meeting of stockholders.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Meetings
    of Non-Management Directors and Executive Sessions</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    To promote open discussion among non-management directors, we
    schedule regular executive sessions in which non-management
    directors meet without management participation.
    &#147;Non-management directors&#148; are all directors who are
    not executive officers. All of our directors are non-management
    directors except for Mr.&#160;John J. Lipinski, our president,
    chief executive officer and chairman of the Board. The
    non-management directors determine who presides at the executive
    sessions. Our non-management directors met during three
    executive sessions in 2008 with Mr.&#160;George E. Matelich
    serving as chairman of each of these executive sessions.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Communications
    with Directors</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Stockholders and other interested parties wishing to communicate
    with our Board may send a written communication addressed to:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    CVR Energy, Inc.<BR>
    2277 Plaza Drive, Suite&#160;500<BR>
    Sugar Land, Texas 77479<BR>
    Attention: Senior Vice President, General Counsel and Secretary
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Our General Counsel will forward all appropriate communications
    directly to our Board or to any individual director or
    directors, depending upon the facts and circumstances outlined
    in the communication. Any stockholder or other interested party
    who is interested in contacting only the non-management
    directors as a group or the director who presides over the
    meetings of the non-management directors may also send written
    communications to the contact above and should state for whom
    the communication is intended.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">The
    &#147;Controlled Company&#148; Exemption and Director
    Independence</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">&#147;Controlled
    Company&#148; Exemption</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Our Board has determined that we are a controlled company under
    the rules of the NYSE and, as a result, we qualify for and may
    rely on, exemptions from certain director independence
    requirements of the NYSE.
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    6
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Under the rules of the NYSE, a listed company is a controlled
    company when more than 50% of the voting power is held by an
    individual, a group or another company. Our Board has determined
    that we are a controlled company because Coffeyville Acquisition
    LLC (&#147;CA&#148;) and Coffeyville Acquisition&#160;II LLC
    (&#147;CA II&#148;) together own 73% of our outstanding common
    stock. The Company, CA and CA II are parties to a stockholders
    agreement (the &#147;CVR Energy Stockholders Agreement&#148;)
    pursuant to which CA, which is controlled by certain affiliates
    of Kelso&#160;&#038; Company, L.P. (the &#147;Kelso Funds&#148;)
    and CA II, which is controlled by certain affiliates of The
    Goldman Sachs Group, Inc. (the &#147;Goldman Sachs Funds&#148;),
    have agreed to the following:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    CA and CA II shall each designate two directors for election to
    the Board and have agreed to vote for each other&#146;s
    designees;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    CA and CA II shall each vote for our chief executive officer as
    the fifth director of the Board;&#160;and
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    CA and CA II shall have other rights with respect to the
    composition of certain committees of the Board.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Thus, more than 50% of the voting power of the Company is held
    by the Goldman Sachs Funds and the Kelso Funds, who through the
    CVR Energy Stockholders Agreement vote together for five
    directors and thus control the Board. Consequently, the Company
    has availed itself of the controlled company exemption. For a
    description of the CVR Energy Stockholders Agreement, please
    refer to &#147;Certain Relationships and Related Party
    Transactions&#160;&#151; Transactions with the Goldman Sachs
    Funds and the Kelso Funds&#160;&#151; Stockholders
    Agreement.&#148;
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Director
    Independence</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Due to our status as a controlled company, we are relying on
    exemptions from the NYSE rules that require that (a)&#160;our
    Board be comprised of a majority of independent directors as
    defined under the rules of the NYSE, (b)&#160;our compensation
    committee be comprised solely of independent directors and
    (c)&#160;our nominating and corporate governance committee be
    comprised solely of independent directors.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The controlled company exemption does not modify the
    independence requirements for the audit committee. The
    Sarbanes-Oxley Act of 2002, as amended (the &#147;Sarbanes-Oxley
    Act&#148;) and the NYSE rules require that our audit committee
    be composed entirely of independent directors, except that our
    audit committee (1)&#160;was only required to have one
    independent director for 90&#160;days following October&#160;22,
    2007, which was the effective date of our Registration Statement
    on
    <FONT style="white-space: nowrap">Form&#160;S-1</FONT>
    in connection with our initial public offering and (2)&#160;was
    only required to have a majority of independent directors until
    one year from the effective date of our Registration Statement
    on
    <FONT style="white-space: nowrap">Form&#160;S-1.</FONT>
    The audit committee met both requirements and, as of September
    2008, consisted of three independent directors. As a result, the
    composition of our audit committee satisfies the independence
    requirements of the NYSE and the Sarbanes-Oxley Act. C. Scott
    Hobbs, Steve A. Nordaker and Mark E. Tomkins are the independent
    directors currently serving on the audit committee. Our Board
    has affirmatively determined that Messrs.&#160;Hobbs, Nordaker
    and Tomkins are independent directors under the rules of the SEC
    and the NYSE. We do not believe that our reliance on the
    exemption that allowed our audit committee to consist only of a
    majority of independent directors until October&#160;22, 2008
    adversely affected the ability of our audit committee to act
    independently and to satisfy the NYSE&#146;s independence
    requirements.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Committees</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Our Board has the authority to delegate the performance of
    certain oversight and administrative functions to committees of
    the Board. Our Board currently has an audit committee, a
    compensation committee, a nominating and corporate governance
    committee and a conflicts committee. In addition, from time to
    time, special committees may be established under the direction
    of our Board when necessary to address specific issues. Each
    committee has adopted a charter which is reviewed annually by
    that committee and changes, if any, are recommended to our Board
    for approval. The charters for the audit committee, the
    compensation committee and the nominating and corporate
    governance committee are subject to certain NYSE rules and our
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    7
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    charters for those committees comply with such rules. Copies of
    the audit committee charter, compensation committee charter and
    nominating and corporate governance committee charter, as in
    effect from time to time, are available free of charge on our
    Internet site at <U>www.cvrenergy.com</U>. These charters are
    also available in print to any stockholder who requests them by
    writing to CVR Energy, Inc., at 2277 Plaza Drive,
    Suite&#160;500, Sugar Land, Texas 77479, Attention: Senior Vice
    President, General Counsel and Secretary.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The following table shows the membership of each committee of
    our Board as of December&#160;31, 2008 and the number of
    meetings held by each committee during 2008. As of the date of
    this Proxy Statement, the membership of each committee of the
    Board has not changed since December&#160;31, 2008.
</DIV>

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Committee
    Membership as of December&#160;31, 2008 and Meetings Held During
    2008</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="43%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="8%">&nbsp;</TD>	<!-- colindex=02 type=maindata -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="11%">&nbsp;</TD>	<!-- colindex=03 type=maindata -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=04 type=gutter -->
    <TD width="19%">&nbsp;</TD>	<!-- colindex=04 type=maindata -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=05 type=gutter -->
    <TD width="8%">&nbsp;</TD>	<!-- colindex=05 type=maindata -->
</TR>
<!-- Table Width Row END -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
    <B>Nominating and<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
    <B>Audit<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
    <B>Compensation<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
    <B>Corporate Governance<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
    <B>Conflicts<BR>
    </B>
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>Director</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Committee</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Committee</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Committee</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Committee</B>
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    John J. Lipinski
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
    X
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    C. Scott Hobbs
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
    X
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Scott L. Lebovitz
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
    Chair
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Regis B. Lippert
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
    X
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    George E. Matelich
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
    Chair
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Steve A. Nordaker
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
    X
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
    X
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
    X
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Stanley de J. Osborne
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
    X
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Kenneth A. Pontarelli
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
    X
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Mark E. Tomkins
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
    Chair
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
    X
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
    Chair
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Number of 2008 Meetings
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
    11
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
    3
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
    1
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
    0
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Audit
    Committee</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Our Board has an audit committee comprised of Mark E. Tomkins,
    C. Scott Hobbs and Steve A. Nordaker. Mr.&#160;Tomkins is
    chairman of the audit committee. Our Board has determined that
    Mr.&#160;Tomkins qualifies as an &#147;audit committee financial
    expert.&#148; Our Board has also determined that each member of
    the audit committee, including Mr.&#160;Tomkins, is
    &#147;financially literate&#148; under the requirements of the
    NYSE. Additionally, our Board has determined that
    Messrs.&#160;Tomkins, Hobbs and Nordaker are independent under
    current NYSE independence requirements and SEC rules. In
    considering Mr.&#160;Tomkins&#146; independence, the Board
    considered that Mr.&#160;Tomkins is currently a director of W.R.
    Grace&#160;&#038; Co. (&#147;W.R. Grace&#148;) and that CVR
    Energy engages in business transactions with W.R. Grace in the
    ordinary course of business. The Board determined that these
    transactions were consistent with the SEC and NYSE independent
    standards and did not require disclosure under Item&#160;404 or
    <FONT style="white-space: nowrap">Regulation&#160;S-K</FONT>
    and did not constitute a material relationship between
    Mr.&#160;Tomkins and the Company. Under current NYSE
    independence requirements and SEC rules, our audit committee is
    required to consist entirely of independent directors.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The audit committee&#146;s responsibilities are to: review the
    accounting and auditing principles and procedures of our
    Company; assist the Board in monitoring our financial reporting
    process, accounting functions and internal controls; oversee the
    qualifications, independence, appointment, retention,
    compensation and performance of our independent registered
    public accounting firm; recommend to the Board the engagement of
    our independent accountants; review with the independent
    accountants plans and results of the auditing engagement;
    oversee the performance of the Company&#146;s internal audit
    function; and oversee &#147;whistle-blowing&#148; procedures and
    certain other compliance matters.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Compensation
    Committee</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Our compensation committee is comprised of George E. Matelich,
    Steve A. Nordaker, Kenneth A. Pontarelli and Mark E. Tomkins.
    Mr.&#160;Matelich is the chairman of the compensation committee.
    The principal responsibilities of the compensation committee are
    to: establish policies and periodically determine matters
</DIV>

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    <BR>
    8
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    involving executive compensation; recommend changes in employee
    benefit programs; grant or recommend the grant of stock options
    and stock awards under the 2007 Long Term Incentive Plan
    (&#147;LTIP&#148;); and provide counsel regarding key personnel
    selection. In addition, the compensation committee reviews and
    discusses our Compensation Discussion and Analysis with
    management and produces a report on executive compensation for
    inclusion in our annual Proxy Statement in compliance with
    applicable federal securities laws.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Nominating
    and Corporate Governance Committee</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Our nominating and corporate governance committee is comprised
    of Scott L. Lebovitz, John J. Lipinski, Regis B. Lippert and
    Stanley de J. Osborne. Mr.&#160;Lebovitz is the chairman of the
    nominating and corporate governance committee. The principal
    duties of the nominating and corporate governance committee are
    to recommend to the Board proposed nominees for election to the
    Board by the stockholders at annual meetings and to develop and
    make recommendations to the Board regarding corporate governance
    matters and practices.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Conflicts
    Committee</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Our conflicts committee is comprised of Steve A. Nordaker and
    Mark E. Tomkins. Mr.&#160;Tomkins is the chairman of the
    conflicts committee. The principal duty of the conflicts
    committee is to determine, in accordance with the Conflicts of
    Interests policy adopted by our Board, whether the resolution of
    a conflict of interest between the Company and our subsidiaries,
    on the one hand and CVR Partners, LP (the
    &#147;Partnership&#148;), the Partnership&#146;s managing
    general partner or any subsidiary of the Partnership, on the
    other hand, is fair and reasonable to us.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Director
    Qualifications</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Our Corporate Governance Guidelines contain Board membership
    criteria that apply to nominees recommended by the nominating
    and corporate governance committee for a position on our Board.
    Our Board seeks a diverse group of candidates who possess the
    background, skills and expertise to make a significant
    contribution to the Board and the Company. The nominating and
    corporate governance committee identifies candidates through a
    variety of means, including recommendations from members of the
    committee and the Board and suggestions from Company management,
    including the chief executive officer. The nominating and
    corporate governance committee also considers candidates
    recommended by stockholders. At least annually, the nominating
    and corporate governance committee shall review with the Board
    the background and qualifications of each member of the Board,
    as well as an assessment of the Board&#146;s composition in
    light of the Board&#146;s needs and objectives after considering
    issues of judgment, diversity, age, skills, background and
    experience. Qualified candidates for membership on the Board
    will be considered without regard to race, color, religion, sex,
    ancestry, sexual orientation, national origin or disability.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Identifying
    and Evaluating Nominees for Directors</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Our Board is responsible for selecting its own members and
    delegates the screening process for new directors to the
    nominating and corporate governance committee. This committee is
    responsible for identifying, screening and recommending
    candidates to the entire Board for Board membership.
    Stockholders may propose nominees for consideration by this
    committee by submitting names and supporting information to the
    Company&#146;s General Counsel. The Board will review the
    nominating and corporate governance committee&#146;s
    recommendations of candidates for election to the Board. The
    Board will nominate directors for election at each annual
    meeting of stockholders. The Board is responsible for filling
    any director vacancies that may occur between annual meetings of
    stockholders.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The nominating and corporate governance committee utilizes a
    number of methods for identifying and evaluating nominees for
    Board membership. In the event our Board elects to increase the
    number of its members or there is a vacancy on our Board, this
    committee will consider various potential candidates for
    director, which may come to the attention of this committee
    through current Board members, professional search firms,
    stockholders, or other persons. In reviewing director
    candidates, this committee will review each candidate&#146;s
    qualifications for membership on the Board, consider the
    enhanced independence, financial literacy
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    9
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    and financial expertise standards that may be required for audit
    committee membership and assess the performance of current
    directors who are proposed to be renominated to the Board. We
    may from time to time engage a third party search firm to assist
    our Board and the nominating and corporate governance committee
    in identifying and recruiting candidates for Board membership.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Compensation
    Committee Interlocks and Insider Participation</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Our compensation committee is comprised of George E. Matelich,
    Steve A. Nordaker, Kenneth A. Pontarelli and Mark E. Tomkins.
    Mr.&#160;Matelich is a managing director of Kelso&#160;&#038;
    Company and Mr.&#160;Pontarelli is a partner managing director
    in the Merchant Banking Division of Goldman, Sachs&#160;&#038;
    Co. For a description of the Company&#146;s transactions with
    certain affiliates of Kelso&#160;&#038; Company and certain
    affiliates of Goldman, Sachs&#160;&#038; Co., see &#147;Certain
    Relationships and Related Party Transactions&#160;&#151;
    Transactions with the Goldman Sachs Funds and the Kelso
    Funds&#148;.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    John J. Lipinski, our chief executive officer, is also a
    director of and serves on the compensation committee of
    INTERCAT, Inc., a privately held company of which Regis B.
    Lippert, who serves as a director on our Board, is the
    President, CEO, majority shareholder and a director. Otherwise,
    no interlocking relationship exists between our Board or
    compensation committee and the board of directors or
    compensation committee of any other company.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Corporate
    Governance Guidelines and Codes of Ethnics</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Our Corporate Governance Guidelines, as well as our Code of
    Ethics, which applies to all of our directors, officers and
    employees and our Principal Executive and Senior Financial
    Officers&#146; Code of Ethics, which applies to our principal
    executive and senior financial and accounting officers, are
    available free of charge on our Internet site at
    <U>www.cvrenergy.com</U>. Our Corporate Governance Guidelines,
    Code of Ethics and Principal Executive and Senior Financial
    Officers&#146; Code of Ethics are also available in print to any
    stockholder who requests them by writing to CVR Energy, Inc., at
    2277 Plaza Drive, Suite&#160;500, Sugar Land, Texas 77479,
    Attention: Senior Vice President, General Counsel and Secretary.
</DIV>
<A name='104'>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">PROPOSAL&#160;1&#151;&#160;ELECTION
    OF DIRECTORS</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Nominees
    for Election as Directors</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    A Board consisting of nine directors is proposed to be elected
    to serve a one-year term or until their successors have been
    elected and qualified. The nine nominees, together with their
    ages, positions and biographies, are listed below. All of the
    nominees are currently directors. Our Board is not aware that
    any nominee named in this Proxy Statement is unable or unwilling
    to accept nomination or election. If any nominee becomes unable
    to accept nomination or election, the persons named in the proxy
    card will vote your shares for the election of a substitute
    nominee selected by the Board.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Vote
    Required and Recommendation of Board</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The nine nominees receiving the greatest number of votes duly
    cast for election as directors will be elected. Abstentions will
    be counted for purposes of determining whether a quorum is
    present at the Annual Meeting, but will not be counted for
    purposes of calculating a plurality. Therefore, abstentions will
    have no impact as to the election of directors. Under NYSE
    regulations, brokers will have discretionary voting power over
    director elections at the Annual Meeting.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Under the terms of the CVR Energy Stockholders Agreement, CA and
    CA II have agreed to vote their shares in a manner such that
    each designate two directors to our Board. Additionally,
    pursuant to the CVR Energy Stockholders Agreement, CA and CA II
    have agreed to vote for the Company&#146;s chief executive
    officer as a director. See &#147;Certain Relationships and
    Related Party Transactions&#160;&#151; Transactions with the
    Goldman Sachs Funds and the Kelso Funds &#151;&#160;Stockholders
    Agreement&#148; below. The aggregate number of shares of common
    stock owned by CA and CA II as of March&#160;2, 2009 was
    62,866,720, which was approximately 73%
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    10
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    of our then outstanding common stock. Of the nine nominees
    listed below, George E. Matelich and Stanley de J. Osborne were
    designated by CA and Kenneth A. Pontarelli and Scott L. Lebovitz
    were designated by CA II. Pursuant to the terms of the CVR
    Energy Stockholders Agreement, John J. Lipinski has been
    designated as a nominee by reason of his position as chief
    executive officer of the Company.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Our Amended and Restated By-Laws provide that the number of
    directors on the Board can be no fewer than three and no greater
    than fifteen. The exact number of directors is to be determined
    from time to time by resolution adopted by our Board. A
    resolution was passed on September&#160;24, 2008 setting the
    size of the Board at nine members.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>Our Board unanimously recommends a vote &#147;FOR&#148; the
    election of the nine nominees listed below.</B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
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&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
    <B>First Became<BR>
    </B>
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>Name</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>Age(1)</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>Position</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>Director</B>
</DIV>
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    John J. Lipinski
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    58
</TD>
<TD>&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="bottom">
    Chairman of the Board, Chief Executive Officer and President
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    9/06
</TD>
<TD nowrap align="left" valign="top">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    C. Scott Hobbs
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    55
</TD>
<TD>&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    Director
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    9/08
</TD>
<TD nowrap align="left" valign="top">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Scott L. Lebovitz
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    33
</TD>
<TD>&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    Director
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    9/06
</TD>
<TD nowrap align="left" valign="top">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Regis B. Lippert
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    69
</TD>
<TD>&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    Director
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    6/07
</TD>
<TD nowrap align="left" valign="top">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    George E. Matelich
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    52
</TD>
<TD>&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    Director
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    9/06
</TD>
<TD nowrap align="left" valign="top">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Steve A. Nordaker
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    62
</TD>
<TD>&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    Director
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    6/08
</TD>
<TD nowrap align="left" valign="top">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Stanley de J. Osborne
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    38
</TD>
<TD>&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    Director
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    9/06
</TD>
<TD nowrap align="left" valign="top">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Kenneth A. Pontarelli
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    38
</TD>
<TD>&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    Director
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    9/06
</TD>
<TD nowrap align="left" valign="top">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Mark E. Tomkins
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    53
</TD>
<TD>&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    Director
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    1/07
</TD>
<TD nowrap align="left" valign="top">
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV style="font-size: 1pt; margin-left: 0%; width: 13%;  align: left; border-bottom: 1pt solid #000000"></DIV><!-- callerid=999 iwidth=455 length=60 -->

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>



<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

<TR>
    <TD width="2%"></TD>
    <TD width="1%"></TD>
    <TD width="97%"></TD>
</TR>

<TR>
    <TD align="right" valign="top">
    (1) </TD>
    <TD></TD>
    <TD valign="bottom">
    Ages are as of March&#160;2, 2009.</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>John J. Lipinski </I>has served as our chairman of the Board
    since October 2007, our chief executive officer and president
    and a member of our Board since September 2006, chief executive
    officer and president of CA since June 2005 and chief executive
    officer and president of CA II and Coffeyville
    Acquisition&#160;III LLC (&#147;CA III&#148;) since October
    2007. Since October 2007 Mr.&#160;Lipinski has also served as
    the chief executive officer, president and a director of the
    managing general partner of the Partnership. For a discussion of
    the Partnership, see &#147;Certain Relationships and Related
    Party Transactions&#160;&#151; Transactions with CVR Partners,
    LP.&#148; Mr.&#160;Lipinski has over 36&#160;years of experience
    in the petroleum refining and nitrogen fertilizer industries. He
    began his career with Texaco Inc. In 1985, Mr.&#160;Lipinski
    joined The Coastal Corporation, eventually serving as Vice
    President of Refining with overall responsibility for Coastal
    Corporation&#146;s refining and petrochemical operations. Upon
    the merger of Coastal with El&#160;Paso Corporation in 2001,
    Mr.&#160;Lipinski was promoted to Executive Vice President of
    Refining and Chemicals, where he was responsible for all
    refining, petrochemical, nitrogen-based chemical processing and
    lubricant operations, as well as the corporate engineering and
    construction group. Mr.&#160;Lipinski left El&#160;Paso in 2002
    and became an independent management consultant. In 2004, he
    became a managing director and partner of Prudentia Energy, an
    advisory and management firm. Mr.&#160;Lipinski graduated from
    Stevens Institute of Technology with a Bachelor of Engineering
    (Chemical) and received a Juris Doctor degree from Rutgers
    University School of Law.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>C.&#160;Scott Hobbs </I>has been a member of the Board since
    September 2008. Mr.&#160;Hobbs has been the managing member of
    Energy Capital Advisors, LLC, an energy industry consulting
    firm, since 2006. Energy Capital Advisors provides consulting
    and advisory services to state government, investment banks,
    private equity firms and other investors evaluating major
    projects, acquisitions and divestitures principally involving
    oil and gas pipelines, processing plants, power plants and gas
    distribution assets. Mr.&#160;Hobbs was the executive chairman
    of Optigas, Inc., a private midstream gathering and processing
    natural gas company, from February 2005 until March 2006 when
    Optigas was sold to a private equity firm portfolio company.
    From January 2004 to February 2005, Mr.&#160;Hobbs was president
    and chief operating officer of KFx, Inc. (now Evergreen Energy),
    a publicly traded clean coal technology company. From 1977 to
    2001, Mr.&#160;Hobbs worked at The Coastal Corporation, where he
    last served as executive vice president and chief operating
    officer for its regulated gas
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    11
</DIV><!-- END PAGE WIDTH -->
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    pipeline operations in the Rocky Mountain region. Mr.&#160;Hobbs
    currently serves on the board of directors of Buckeye GP LLC,
    the general partner of Buckeye Partners, L.P. and American
    Oil&#160;&#038; Gas, Inc.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>Scott L. Lebovitz </I>has been a member of our Board since
    September 2006 and a member of the board of directors of CA II
    and CA III since October 2007. He was also a member of the board
    of directors of CA from June 2005 until October 2007. He has
    also been a member of the board of directors of the managing
    general partner of the Partnership since October 2007.
    Mr.&#160;Lebovitz is a managing director in the Merchant Banking
    Division of Goldman, Sachs&#160;&#038; Co. Mr.&#160;Lebovitz
    joined Goldman, Sachs&#160;&#038; Co. in 1997 and became a
    managing director in 2007. He is a director of Energy Future
    Holdings Corp. and Village Voice Media Holdings, LLC. He
    received his B.S. in Commerce from the University of Virginia.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>Regis B. Lippert </I>has been a member of our Board since
    June 2007. He was also a member of the board of directors of CA
    from June 2007 until October 2007. He is the founder, principal
    shareholder and a director of INTERCAT, Inc., a specialty
    chemicals company which primarily develops, manufactures,
    markets and sells specialty catalysts used in petroleum
    refining. Mr.&#160;Lippert serves as President, Chief Executive
    Officer and director of INTERCAT, Inc. and its affiliate
    companies and is a managing director of INTERCAT Europe B.V.
    Mr.&#160;Lippert is also a director of Indo Cat Private Limited,
    an Indian company which is part of a joint venture between
    INTERCAT, Inc. and Indian Oil Corporation Limited. Prior to
    founding INTERCAT, Mr.&#160;Lippert served from 1981 to 1985 as
    President, Chief Executive Officer and a director of
    Katalistiks, Inc., a manufacturer of fluid cracking catalysts
    which ultimately became a subsidiary of Union Carbide
    Corporation. From 1979 to 1981, Mr.&#160;Lippert was an
    Executive Vice President with Catalysts Recovery, Inc. In this
    capacity he was responsible for developing the joint venture
    which ultimately formed Katalistiks. From 1963 to 1979,
    Mr.&#160;Lippert was employed by Engelhard Minerals and Chemical
    Co., where he attained the position of Director of Sales and
    Marketing/Catalysts. Mr.&#160;Lippert attended Carnegie-Mellon
    University where he studied metallurgy. He is a member of the
    National Petroleum Refiners Association.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>George E. Matelich </I>has been a member of our Board since
    September 2006, a member of the board of directors of CA since
    June 2005 and a member of the board of directors of CA III since
    October 2007. He has also been a member of the board of
    directors of the managing general partner of the Partnership
    since October 2007. Mr.&#160;Matelich has been a managing
    director of Kelso&#160;&#038; Company since 1989.
    Mr.&#160;Matelich has been affiliated with Kelso since 1985.
    Mr.&#160;Matelich is a Certified Public Accountant and holds a
    Certificate in Management Consulting. Mr.&#160;Matelich received
    a B.A. in Business Administration from the University of Puget
    Sound and an M.B.A. from the Stanford Graduate School of
    Business. He is a director of Global Geophysical Services, Inc.,
    Shelter Bay Energy Inc., Waste Services, Inc. and the American
    Prairie Foundation. He is also a Trustee of the University of
    Puget Sound.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>Steve A. Nordaker </I>has been a member of our Board since
    June 2008. He has served as senior vice president finance of
    Energy Capital Group Holdings LLC, a development company
    dedicated to building, owning and operating gasification and
    IGCC units for the refining, petrochemical and fertilizer
    industries since June 2004. Mr.&#160;Nordaker has also worked as
    a financial consultant for various companies in the areas of
    acquisitions, divestitures, restructuring and financial matters
    since January 2002. From 1996 through 2001, he was a managing
    director at J.P.&#160;Morgan Securities/JPMorgan Chase Bank in
    the global chemicals group and global oil&#160;&#038; gas group.
    From 1992 to 1995, he was a managing director in the Chemical
    Bank worldwide energy, refining and petrochemical group. From
    1982 to 1992, Mr.&#160;Nordaker served in numerous banking
    positions in the energy group at Texas Commerce Bank.
    Mr.&#160;Nordaker was Manager of Projects for the Frantz
    Company, an engineering consulting firm from 1977 through 1982
    and worked as a Chemical Engineer for UOP, Inc. from 1968
    through 1977. Mr.&#160;Nordaker received a B.S. in chemical
    engineering from South Dakota School of Mines and Technology and
    an M.B.A. from the University of Houston. Mr.&#160;Nordaker is a
    director of Mallard Creek Polymers, Inc.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>Stanley de J. Osborne </I>has been a member of our Board
    since September 2006, a member of the board of directors of CA
    since June 2005 and a member of the board of directors of CA III
    since October 2007. He has also been a member of the board of
    directors of the managing general partner of the Partnership
    since October 2007. Mr.&#160;Osborne was a Vice President of
    Kelso&#160;&#038; Company from 2004 through 2007 and has been a
    managing director since 2007. Mr.&#160;Osborne has been
    affiliated with Kelso since 1998. Prior to joining Kelso,
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    12
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Mr.&#160;Osborne was an Associate at Summit Partners.
    Previously, Mr.&#160;Osborne was an Associate in the Private
    Equity Group and an Analyst in the Financial Institutions Group
    at J.P.&#160;Morgan&#160;&#038; Co. He received a B.A. in
    Government from Dartmouth College. Mr.&#160;Osborne is a
    director of Custom Building Products, Inc., Global Geophysical
    Services, Inc., Shelter Bay Energy Inc. and Traxys s.a.r.l.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>Kenneth A. Pontarelli </I>has been a member of our Board
    since September 2006 and a member of the board of directors of
    CA II and CA III since October 2007. He has also been a director
    of the managing general partner of the Partnership since October
    2007. He also was a member of the board of directors of CA from
    June 2005 until October 2007. Mr.&#160;Pontarelli is a partner
    managing director in the Merchant Banking Division of Goldman,
    Sachs&#160;&#038; Co. Mr.&#160;Pontarelli joined Goldman,
    Sachs&#160;&#038; Co. in 1992 and became a managing director in
    2004. He is a director of CCS, Inc., Cobalt International
    Energy, L.P., Energy Future Holdings Corp., Knight Holdco LLC
    and Kinder Morgan, Inc. He received a B.A. from Syracuse
    University and an M.B.A. from Harvard Business School.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>Mark E. Tomkins </I>has been a member of our Board since
    January 2007. He also was a member of the board of directors of
    CA from January 2007 until October 2007. Mr.&#160;Tomkins has
    served as the senior financial officer at several large
    companies during the past ten years. He was Senior Vice
    President and Chief Financial Officer of Innovene, a petroleum
    refining and chemical polymers business and a subsidiary of
    British Petroleum, from May 2005 to January 2006, when Innovene
    was sold to a strategic buyer. From January 2001 to May 2005 he
    was Senior Vice President and Chief Financial Officer of Vulcan
    Materials Company, a publicly traded construction materials and
    chemicals company. From August 1998 to January 2001
    Mr.&#160;Tomkins was Senior Vice President and Chief Financial
    Officer of Chemtura (formerly Great Lakes Chemical Corporation),
    a publicly traded specialty chemicals company. From July 1996 to
    August 1998 he worked at Honeywell Corporation as Vice President
    of Finance and Business Development for its polymers division
    and as Vice President of Finance and Business Development for
    its electronic materials division. From November 1990 to July
    1996 Mr.&#160;Tomkins worked at Monsanto Company in various
    financial and accounting positions, including Chief Financial
    Officer of the growth enterprises division from January 1995 to
    July 1996. Prior to joining Monsanto he worked at Cobra
    Corporation and as an auditor in private practice.
    Mr.&#160;Tomkins received a B.S. degree in business, with majors
    in Finance and Management, from Eastern Illinois University and
    an M.B.A. from Eastern Illinois University and is a Certified
    Public Accountant. Mr.&#160;Tomkins is a director of W.R.
    Grace&#160;&#038; Co. and Elevance Renewable Sciences, Inc.
</DIV>
<A name='105'>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">DIRECTOR
    COMPENSATION FOR 2008</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The following table provides compensation information for the
    year ended December&#160;31, 2008 for each non-management
    director of our Board.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
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    <TD width="1%">&nbsp;</TD>	<!-- colindex=05 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=05 type=lead -->
    <TD width="10%" align="right">&nbsp;</TD>	<!-- colindex=05 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=05 type=hang1 -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=06 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=06 type=lead -->
    <TD width="6%" align="right">&nbsp;</TD>	<!-- colindex=06 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=06 type=hang1 -->
</TR>
<!-- Table Width Row END -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Fees<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Earned or<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Stock<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Option<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>All Other<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>Name</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Paid in Cash</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Awards(1)(2)(3)</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Awards(4)(5)(6)</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Compensation(7)</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Total</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    C. Scott Hobbs*
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    20,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    100,002
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    9,914
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    129,916
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Regis B. Lippert
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    60,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    157,395
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    67,905
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    285,300
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Steve A. Nordaker*
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    35,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    100,002
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    20,515
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    155,517
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Mark E. Tomkins
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    75,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    243,487
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    67,905
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    386,392
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Scott L. Lebovitz, George E.<BR>
    Matelich, Stanley de J. Osborne<BR>
    and Kenneth A. Pontarelli
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <U>Former Director</U>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Wesley K. Clark
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    30,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    (707,897
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    (677,897
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV style="font-size: 1pt; margin-left: 0%; width: 13%;  align: left; border-bottom: 1pt solid #000000"></DIV><!-- callerid=999 iwidth=455 length=60 -->

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>



<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

<TR>
    <TD width="2%"></TD>
    <TD width="1%"></TD>
    <TD width="97%"></TD>
</TR>

<TR>
    <TD align="right" valign="top">
    *&#160;</TD>
    <TD></TD>
    <TD valign="bottom">
    Mr.&#160;Nordaker and Mr.&#160;Hobbs became directors of the
    Company in June 2008 and September 2008, respectively. As a
    result, they were compensated for a partial year of service.</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD align="right" valign="top">
    (1) </TD>
    <TD></TD>
    <TD valign="bottom">
    Messrs.&#160;Hobbs, Lippert, Nordaker and Tomkins were each
    awarded 24,155&#160;shares of restricted stock on
    December&#160;19, 2008. The dollar amounts in the table reflect
    the dollar amounts recognized for financial </TD>
</TR>

</TABLE>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    13
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

<TR>
    <TD width="2%"></TD>
    <TD width="1%"></TD>
    <TD width="97%"></TD>
</TR>

<TR>
    <TD valign="top">
</TD>
    <TD></TD>
    <TD valign="bottom">
    statement reporting purposes for the fiscal year ended
    December&#160;31, 2008 in accordance with FAS&#160;123(R). No
    forfeitures occurred during 2008 and all awards are valued based
    on the closing market price of the Company&#146;s common stock
    on the date of grant ($4.14 for 2008 awards). The Company&#146;s
    expense is calculated based on the grant date fair value and
    amortized straight-line over the applicable vesting period. As
    of December&#160;31, 2008, Messrs.&#160;Lippert and Tomkins held
    3,333 and 8,333 non-vested restricted shares, respectively.</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD align="right" valign="top">
    (2) </TD>
    <TD></TD>
    <TD valign="bottom">
    The grant date fair value of stock awards granted in 2008,
    calculated in accordance with FAS&#160;123(R), was $100,002 for
    each of Messrs.&#160;Hobbs, Lippert, Nordaker and Tomkins. The
    fair value of each share of stock awarded in 2008 was measured
    based on the market price of the Company&#146;s common stock as
    of the date of grant.</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD align="right" valign="top">
    (3) </TD>
    <TD></TD>
    <TD valign="bottom">
    The aggregate number of shares subject to restrictions that were
    outstanding at December&#160;31, 2008 was 24,155&#160;shares for
    each of Messrs.&#160;Hobbs and Nordaker, 32,488&#160;shares for
    Mr.&#160;Tomkins and 27,488&#160;shares for Mr.&#160;Lippert.</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD align="right" valign="top">
    (4) </TD>
    <TD></TD>
    <TD valign="bottom">
    Mr.&#160;Nordaker was awarded 4,350 stock options on
    June&#160;10, 2008. Mr.&#160;Hobbs was awarded 9,100 stock
    options on September&#160;24, 2008. The amounts in the table
    reflect the dollar amount recognized for financial statement
    reporting purposes for the fiscal year ended December&#160;31,
    2008, in accordance with FAS&#160;123(R). Assumptions used in
    these amounts are included in footnote 3 to the Company&#146;s
    audited financial statements for the year ended
    December&#160;31, 2008 included in the Company&#146;s Annual
    Report on
    <FONT style="white-space: nowrap">Form&#160;10-K</FONT>
    filed on March&#160;13, 2009 and footnote 4 to the
    Company&#146;s audited financial statements for the year ended
    December&#160;31, 2007 included in the Company&#146;s Annual
    Report on
    <FONT style="white-space: nowrap">Form&#160;10-K/A</FONT>
    filed on May&#160;8, 2008.</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD align="right" valign="top">
    (5) </TD>
    <TD></TD>
    <TD valign="bottom">
    The grant date fair values of option awards granted to Messrs.
    Nordaker and Hobbs during 2008, calculated in accordance with
    FAS&#160;123(R), were $60,241 and $60,299 respectively.
    Assumptions used in these amounts are included in footnote 3 to
    the Company&#146;s audited financial statements for the year
    ended December&#160;31, 2008 included in the Company&#146;s
    Annual Report on
    <FONT style="white-space: nowrap">Form&#160;10-K</FONT>
    filed on March&#160;13, 2009 and footnote 4 to the
    Company&#146;s audited financial statements for the year ended
    December&#160;31, 2007 included in the Company&#146;s Annual
    Report on
    <FONT style="white-space: nowrap">Form&#160;10-K/A</FONT>
    filed on May&#160;8, 2008.</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD align="right" valign="top">
    (6) </TD>
    <TD></TD>
    <TD valign="bottom">
    The aggregate number of shares subject to option awards
    outstanding on December&#160;31, 2008 was 9,100 for
    Mr.&#160;Hobbs, 6,299 for Mr.&#160;Lippert, 4,350 for
    Mr.&#160;Nordaker and 6,299 for Mr.&#160;Tomkins. The following
    table reflects outstanding stock options held by directors that
    were vested as of December&#160;31, 2008:</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="61%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="3%" align="right">&nbsp;</TD>	<!-- colindex=02 type=lead -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=02 type=body -->
    <TD width="3%" align="left">&nbsp;</TD>	<!-- colindex=02 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="4%" align="right">&nbsp;</TD>	<!-- colindex=03 type=lead -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=03 type=body -->
    <TD width="4%" align="left">&nbsp;</TD>	<!-- colindex=03 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=04 type=gutter -->
    <TD width="3%" align="right">&nbsp;</TD>	<!-- colindex=04 type=lead -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=04 type=body -->
    <TD width="3%" align="left">&nbsp;</TD>	<!-- colindex=04 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=05 type=gutter -->
    <TD width="2%" align="right">&nbsp;</TD>	<!-- colindex=05 type=lead -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=05 type=body -->
    <TD width="2%" align="left">&nbsp;</TD>	<!-- colindex=05 type=hang1 -->
</TR>
<!-- Table Width Row END -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
    <B>Number of<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
    <B>Expiration<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
    <B>Exercise<BR>
    </B>
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>Director</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Options</B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Grant Date</B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Date</B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Price</B>
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Mr. Lippert
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1,717
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    10/22/07
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    10/22/17
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    19.00
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1,434
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    12/21/07
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    12/21/17
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    24.73
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Mr. Tomkins
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1,717
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    10/22/07
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    10/22/17
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    19.00
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1,434
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    12/21/07
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    12/21/17
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    24.73
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

<TR>
    <TD width="2%"></TD>
    <TD width="1%"></TD>
    <TD width="97%"></TD>
</TR>

<TR>
    <TD align="right" valign="top">
    (7) </TD>
    <TD></TD>
    <TD valign="bottom">
    The other compensation for Mr.&#160;Clark represents
    (a)&#160;the dollar amount recognized for financial statement
    reporting purposes in 2008 in accordance with FAS&#160;123(R)
    for Mr.&#160;Clark&#146;s phantom points, including the reversal
    that occurred upon his resignation and his related forfeiture of
    all points, and (b)&#160;the fair market value of a
    commemorative gift of approximately $8,010 given to him upon his
    resignation from the Board.</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Non-employee directors who do not work principally for entities
    affiliated with us were entitled to receive an annual retainer
    of $60,000 for 2008. Mr.&#160;Tomkins receives an additional
    retainer of $15,000 for serving as the audit committee chairman.
    In addition, all directors are reimbursed for travel expenses
    and other out-of-pocket costs incurred in connection with their
    attendance at meetings. Annually, on the last pay date for the
    year of the Company, the non-employee directors are granted a
    formula-based award of restricted stock to approximate a value
    of $100,000. Cash compensation for the non-employee directors
    will remain the same for 2009. Messrs.&#160;Lebovitz, Matelich,
    Osborne and Pontarelli received no compensation in respect of
    their service as directors in 2008.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In addition to the above compensation, on June&#160;10, 2008, we
    granted Mr.&#160;Nordaker an option to purchase
    4,350&#160;shares of CVR Energy with an exercise price of $24.96
    and on September&#160;24, 2008, we granted
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    14
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Mr.&#160;Hobbs an option to purchase 9,100&#160;shares with an
    exercise price of $11.01. These options generally vest in
    one-third annual increments beginning on the first anniversary
    of the date of grant. Pursuant to the annual formula grant
    described above, on December&#160;19, 2008, we also granted
    24,155 restricted shares of CVR Energy to Messrs.&#160;Hobbs,
    Lippert, Nordaker and Tomkins. These shares of restricted stock
    vested immediately on December&#160;19, 2008. Each director
    receiving these shares must maintain a two-thirds ownership of
    the shares throughout their directorship in accordance with
    their director restricted stock agreement.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    On May&#160;2, 2008, the Company entered into a consulting
    agreement with Mr.&#160;Clark. Mr.&#160;Clark resigned from the
    Board as of June&#160;6, 2008 and, pursuant to the agreement,
    the Company agreed to retain Mr.&#160;Clark as a consultant and
    Mr.&#160;Clark agreed to provide services as a consultant for
    two years, commencing on June&#160;6, 2008 (unless terminated
    earlier by Mr.&#160;Clark upon thirty days notice or by the
    Company for cause). As compensation for his services to the
    Company, the Company agreed to pay Mr.&#160;Clark a monthly
    retainer of $2,000 and, in the event Mr.&#160;Clark provides
    services in excess of eight hours per month, the Company agreed
    to pay Mr.&#160;Clark an amount equal to $400 for each hour in
    excess of eight. Mr.&#160;Clark is also entitled to
    reimbursement of reasonable business expenses. As a member of
    the Board, Mr.&#160;Clark was granted 244,038 phantom
    performance points and 244,038 phantom services points
    (together, for purposes of this paragraph, the
    &#147;points&#148;) under each of the Phantom Unit Plans (See
    &#147;Compensation Discussion and Analysis&#148;). Upon leaving
    the Board, Mr.&#160;Clark forfeited the points. As additional
    compensation for his services as a consultant, Mr.&#160;Clark
    will receive a payment equal to the amounts that would have been
    distributed to him in respect of 65% of the points had he
    continued to hold them during the period beginning on
    June&#160;6, 2008 and ending on the earlier of
    (i)&#160;December&#160;1, 2010, or (ii)&#160;the date of the
    consummation of an Exit Event (as defined in the limited
    liability company agreements of CA and CA II, as applicable)
    which is also a Transaction (as defined in the consulting
    agreement) (the &#147;Payment Date&#148;). In addition,
    Mr.&#160;Clark will receive the amount that would have been
    distributed in respect of 65% of his points on the Payment Date
    assuming that Mr.&#160;Clark remained on the board until the
    applicable Payment Date, and, if the Payment Date is
    December&#160;1, 2010, such payment will be determined assuming
    that (i)&#160;all of the common stock of the Company then held
    by CA and CA II was sold at the closing price of common stock on
    the NYSE on such Payment Date and (ii)&#160;the proceeds were
    distributed to the members of CA and CA II on such Payment Date
    pursuant to the limited liability company agreements of each of
    CA and CA II.
</DIV>
<A name='106'>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">SECURITIES
    OWNERSHIP OF CERTAIN<BR>
    BENEFICIAL OWNERS AND OFFICERS AND DIRECTORS</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The following table presents information regarding beneficial
    ownership of our common stock by:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    each of our directors and nominees for director;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    each of our named executive officers (as such term is defined
    herein);
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    each stockholder known by us to beneficially hold five percent
    or more of our common stock;&#160;and
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    all of our executive officers and directors as a group.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Beneficial ownership is determined under the rules of the SEC
    and generally includes voting or investment power with respect
    to securities. Unless indicated below, to our knowledge, the
    persons and entities named in the table have sole voting and
    sole investment power with respect to all shares beneficially
    owned, subject to community property laws where applicable.
    Shares of common stock subject to options that are currently
    exercisable or exercisable within 60&#160;days of March&#160;12,
    2009 are deemed to be outstanding and to be beneficially owned
    by the person holding such options for the purpose of computing
    the percentage ownership of that person but are not treated as
    outstanding for the purpose of computing the percentage
    ownership of any other person. Except as otherwise indicated,
    the business address for each of our beneficial owners is
    <FONT style="white-space: nowrap">c/o&#160;CVR</FONT>
    Energy, Inc., 2277 Plaza Drive, Suite&#160;500, Sugar Land,
    Texas 77479.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    15
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="79%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=02 type=lead -->
    <TD width="8%" align="right">&nbsp;</TD>	<!-- colindex=02 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=02 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=03 type=lead -->
    <TD width="4%" align="right">&nbsp;</TD>	<!-- colindex=03 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=03 type=hang1 -->
</TR>
<!-- Table Width Row END -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="6" nowrap align="center" valign="bottom">
    <B>Shares Beneficially<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
    <B>Beneficial Owner<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="6" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Owned</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>Name and Address</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Number</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Percent</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Coffeyville Acquisition LLC(1)
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    31,433,360
</TD>
<TD nowrap align="left" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    36.4
</TD>
<TD nowrap align="left" valign="top">
    %
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Kelso Investment Associates VII, L.P.(1)<BR>
    320 Park Avenue, 24th&#160;Floor<BR>
    New York, New York 10022
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    31,433,360
</TD>
<TD nowrap align="left" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    36.4
</TD>
<TD nowrap align="left" valign="top">
    %
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    KEP VI, LLC(1)
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    31,433,360
</TD>
<TD nowrap align="left" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    36.4
</TD>
<TD nowrap align="left" valign="top">
    %
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Coffeyville Acquisition&#160;II LLC(2)
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    31,433,360
</TD>
<TD nowrap align="left" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    36.4
</TD>
<TD nowrap align="left" valign="top">
    %
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    The Goldman Sachs Group, Inc.(2)<BR>
    85 Broad Street<BR>
    New York, New York 10004
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    31,433,560
</TD>
<TD nowrap align="left" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    36.4
</TD>
<TD nowrap align="left" valign="top">
    %
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    John J. Lipinski(3)
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    247,471
</TD>
<TD nowrap align="left" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">

</TD>
<TD nowrap align="left" valign="top">
    *
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    James T. Rens(4)
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    &#151;
</TD>
<TD nowrap align="left" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    &#151;
</TD>
<TD nowrap align="left" valign="top">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Kevan A. Vick(5)
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    1,000
</TD>
<TD nowrap align="left" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    &#151;
</TD>
<TD nowrap align="left" valign="top">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Wyatt E. Jernigan(6)
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    3,500
</TD>
<TD nowrap align="left" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    &#151;
</TD>
<TD nowrap align="left" valign="top">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Daniel J. Daly, Jr.(7)
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    &#151;
</TD>
<TD nowrap align="left" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    &#151;
</TD>
<TD nowrap align="left" valign="top">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Robert W. Haugen(8)
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    5,000
</TD>
<TD nowrap align="left" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">

</TD>
<TD nowrap align="left" valign="top">
    *
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Edmund S. Gross(9)
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    1,000
</TD>
<TD nowrap align="left" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">

</TD>
<TD nowrap align="left" valign="top">
    *
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Stanley A. Riemann(10)
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    &#151;
</TD>
<TD nowrap align="left" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    &#151;
</TD>
<TD nowrap align="left" valign="top">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    C. Scott Hobbs(11)
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    24,155
</TD>
<TD nowrap align="left" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">

</TD>
<TD nowrap align="left" valign="top">
    *
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Scott L. Lebovitz(2)
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    31,433,560
</TD>
<TD nowrap align="left" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    36.4
</TD>
<TD nowrap align="left" valign="top">
    %
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Regis B. Lippert(12)
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    34,806
</TD>
<TD nowrap align="left" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">

</TD>
<TD nowrap align="left" valign="top">
    *
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    George E. Matelich(1)
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    31,433,360
</TD>
<TD nowrap align="left" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    36.4
</TD>
<TD nowrap align="left" valign="top">
    %
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Steve A. Nordaker(13)
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    24,155
</TD>
<TD nowrap align="left" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">

</TD>
<TD nowrap align="left" valign="top">
    *
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Stanley de J. Osborne(1)
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    31,433,360
</TD>
<TD nowrap align="left" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    36.4
</TD>
<TD nowrap align="left" valign="top">
    %
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Kenneth A. Pontarelli(2)
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    31,433,560
</TD>
<TD nowrap align="left" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    36.4
</TD>
<TD nowrap align="left" valign="top">
    %
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Mark E. Tomkins(14)
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    39,806
</TD>
<TD nowrap align="left" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">

</TD>
<TD nowrap align="left" valign="top">
    *
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    All directors and executive officers, as a group
    (17&#160;persons)(15)
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    63,253,813
</TD>
<TD nowrap align="left" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    73.3
</TD>
<TD nowrap align="left" valign="top">
    %
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV style="font-size: 1pt; margin-left: 0%; width: 13%;  align: left; border-bottom: 1pt solid #000000"></DIV><!-- callerid=999 iwidth=455 length=60 -->

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>



<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD width="96%"></TD>
</TR>

<TR>
    <TD valign="top">
    &#160;* </TD>
    <TD></TD>
    <TD valign="bottom">
    Less than 1%.</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD align="right" valign="top">
    (1) </TD>
    <TD></TD>
    <TD valign="bottom">
    CA directly owns 31,433,360&#160;shares of common stock. Kelso
    Investment Associates VII, L.P. (&#147;KIA VII&#148;), a
    Delaware limited partnership, owns a number of common units in
    CA that corresponds to 24,557,883&#160;shares of common stock
    and KEP VI, LLC (&#147;KEP VI&#148;), a Delaware limited
    liability company, owns a number of common units in CA that
    corresponds to 6,081,000&#160;shares of common stock. The Kelso
    Funds may be deemed to beneficially own indirectly, in the
    aggregate, all of the common stock of the Company owned by CA
    because the Kelso Funds control CA and have the power to vote or
    dispose of the common stock of the Company owned by CA. KIA VII
    and KEP VI, due to their common control, could be deemed to
    beneficially own each of the other&#146;s shares but each
    disclaims such beneficial ownership. Messrs.&#160;Nickell, Wall,
    Matelich, Goldberg, Bynum, Wahrhaftig, Berney, Loverro, Connors,
    Osborne and Moore may be deemed to share beneficial ownership of
    shares of common stock owned of record or beneficially owned by
    KIA VII, KEP VI and CA by virtue of their status as managing
    members of KEP VI and of Kelso GP VII, LLC, a Delaware limited
    liability company, the principal business of which is serving as
    the general partner of Kelso GP VII, L.P., a Delaware limited
    partnership, the principal business of which is serving as the
    general partner of KIA VII. Each of Messrs.&#160;Nickell, Wall,
    Matelich, Goldberg, Bynum, Wahrhaftig, Berney, Loverro, Connors,
    Osborne and Moore shares investment and voting power with
    respect to the ownership interests owned by KIA VII, KEP VI and
    CA but disclaim beneficial ownership of such interests.</TD>
</TR>

</TABLE>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    16
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD width="96%"></TD>
</TR>

<TR>
    <TD align="right" valign="top">
    (2) </TD>
    <TD></TD>
    <TD valign="bottom">
    CA II directly owns 31,433,360&#160;shares of common stock. GS
    Capital Partners V Fund, L.P., GS Capital Partners V Offshore
    Fund, L.P., GS Capital Partners V GmbH&#160;&#038; Co. KG and GS
    Capital Partners V Institutional, L.P. (each such entity
    included within the Goldman Sachs Funds) are members of CA II
    and own common units of CA II. The Goldman Sachs Funds&#146;
    common units in CA II correspond to 31,125,918&#160;shares of
    common stock. The Goldman Sachs Group, Inc. and Goldman,
    Sachs&#160;&#038; Co. may be deemed to beneficially own
    indirectly, in the aggregate, all of the common stock owned by
    CA II through the Goldman Sachs Funds because
    (i)&#160;affiliates of Goldman, Sachs&#160;&#038; Co. and The
    Goldman Sachs Group, Inc. are the general partner, managing
    general partner, managing partner, managing member or member of
    the Goldman Sachs Funds and (ii)&#160;the Goldman Sachs Funds
    control CA II and have the power to vote or dispose of the
    common stock of the Company owned by CA II. Goldman,
    Sachs&#160;&#038; Co. is a direct and indirect wholly owned
    subsidiary of The Goldman Sachs Group, Inc. Goldman,
    Sachs&#160;&#038; Co. is the investment manager of certain of
    the Goldman Sachs Funds. Shares that may be deemed to be
    beneficially owned by the Goldman Sachs Funds consist of:
    (1)&#160;16,389,665&#160;shares of common stock that may be
    deemed to be beneficially owned by GS Capital Partners V Fund,
    L.P. and its general partner, GSCP V Advisors, L.L.C.,
    (2)&#160;8,466,218&#160;shares of common stock that may be
    deemed to be beneficially owned by GS Capital Partners V
    Offshore Fund, L.P. and its general partner, GSCP V Offshore
    Advisors, L.L.C., (3)&#160;5,620,242&#160;shares of common stock
    that may be deemed to be beneficially owned by GS Capital
    Partners V Institutional, L.P. and its general partner, GSCP V
    Advisors, L.L.C. and (4)&#160;649,793&#160;shares of common
    stock that may be deemed to be beneficially owned by GS Capital
    Partners V GmbH&#160;&#038; Co. KG and its general partner,
    Goldman, Sachs Management GP GmbH. In addition, Goldman,
    Sachs&#160;&#038; Co. directly owns 200&#160;shares of common
    stock. The Goldman Sachs Group, Inc. may be deemed to
    beneficially own indirectly the 200&#160;shares of common stock
    owned by Goldman, Sachs&#160;&#038; Co. Mr.&#160;Kenneth A.
    Pontarelli is a partner managing director of Goldman,
    Sachs&#160;&#038; Co. and Mr.&#160;Scott L. Lebovitz is a
    managing director of Goldman, Sachs&#160;&#038; Co.
    Mr.&#160;Pontarelli, Mr.&#160;Lebovitz, The Goldman Sachs Group,
    Inc. and Goldman, Sachs&#160;&#038; Co. each disclaims
    beneficial ownership of the shares of common stock owned
    directly or indirectly by the Goldman Sachs Funds, except to the
    extent of their pecuniary interest therein, if any.</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD align="right" valign="top">
    (3) </TD>
    <TD></TD>
    <TD valign="bottom">
    Mr.&#160;Lipinski owns 247,471&#160;shares of common stock
    directly. In addition, Mr.&#160;Lipinski owns
    158,285&#160;shares indirectly through his ownership of common
    units in CA and CA II. Mr.&#160;Lipinski does not have the power
    to vote or dispose of shares that correspond to his ownership of
    common units in CA and CA II and thus does not have beneficial
    ownership of such shares. Mr.&#160;Lipinski also owns
    (i)&#160;profits interests in each of CA and CA II,
    (ii)&#160;phantom points under each of the Phantom Unit Plans
    (See &#147;Compensation Discussion and Analysis&#148;) and
    (iii)&#160;common units and override units in CA III. See
    &#147;Compensation of Executive Officers&#160;&#151; Outstanding
    Equity Awards at 2008 Fiscal Year-End&#148; and
    &#147;Compensation of Executive Officers&#160;&#151; Equity
    Awards Vested During Fiscal Year-Ended 2008.&#148; Such
    interests do not give Mr.&#160;Lipinski beneficial ownership of
    any shares of our common stock because they do not give
    Mr.&#160;Lipinski the power to vote or dispose of any such
    shares.</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD align="right" valign="top">
    (4) </TD>
    <TD></TD>
    <TD valign="bottom">
    Mr.&#160;Rens owns no shares of common stock directly.
    Mr.&#160;Rens owns 60,879&#160;shares indirectly through his
    ownership of common units in CA and CA II. Mr.&#160;Rens does
    not have the power to vote or dispose of shares that correspond
    to his ownership of common units in CA and CA II and thus does
    not have beneficial ownership of such shares. Mr.&#160;Rens also
    owns (i)&#160;profits interests in each of CA and CA II,
    (ii)&#160;phantom points under each of the Phantom Unit Plans
    (See &#147;Compensation Discussion and Analysis&#148;) and
    (iii)&#160;common units and override units in CA III. See
    &#147;Compensation of Executive Officers&#160;&#151; Outstanding
    Equity Awards at 2008 Fiscal Year-End&#148; and
    &#147;Compensation of Executive Officers&#160;&#151; Equity
    Awards Vested During Fiscal Year-Ended 2008.&#148; Such
    interests do not give Mr.&#160;Rens beneficial ownership of any
    shares of our common stock because they do not give
    Mr.&#160;Rens the power to vote or dispose of any such shares.</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD align="right" valign="top">
    (5) </TD>
    <TD></TD>
    <TD valign="bottom">
    Mr.&#160;Vick owns 1,000&#160;shares of common stock directly.
    Mr.&#160;Vick owns 60,879&#160;shares indirectly through his
    ownership of common units in CA and CA II. Mr.&#160;Vick does
    not have the power to vote or dispose of shares that correspond
    to his ownership of common units in CA and CA II and thus does
    not have beneficial ownership of such shares. Mr.&#160;Vick also
    owns (i)&#160;profits interests in each of CA and CA II and
    (ii)&#160;common units and override units in CA III. See
    &#147;Compensation of Executive Officers&#160;&#151; Outstanding
    Equity Awards at </TD>
</TR>

</TABLE>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    17
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD width="96%"></TD>
</TR>

<TR>
    <TD valign="top">
</TD>
    <TD></TD>
    <TD valign="bottom">
    2008 Fiscal Year-End&#148; and &#147;Compensation of Executive
    Officers&#160;&#151; Equity Awards Vested During Fiscal
    Year-Ended 2008.&#148; Such interests do not give Mr.&#160;Vick
    beneficial ownership of any shares of our common stock because
    they do not give Mr.&#160;Vick the power to vote or dispose of
    any such shares.</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD align="right" valign="top">
    (6) </TD>
    <TD></TD>
    <TD valign="bottom">
    Mr.&#160;Jernigan owns 3,500&#160;shares of common stock
    directly. Mr.&#160;Jernigan owns 24,352&#160;shares indirectly
    through his ownership of common units in CA and CA II.
    Mr.&#160;Jernigan does not have the power to vote or dispose of
    shares that correspond to his ownership of common units in CA
    and CA II and thus does not have beneficial ownership of such
    shares. Mr.&#160;Jernigan also owns (i)&#160;profits interests
    in each of CA and CA II, (ii)&#160;phantom points under each of
    the Phantom Unit Plans (See &#147;Compensation Discussion and
    Analysis&#148;) and (iii)&#160;common units and override units
    in CA III. See &#147;Compensation of Executive
    Officers&#160;&#151; Outstanding Equity Awards at 2008 Fiscal
    Year-End&#148; and &#147;Compensation of Executive
    Officers&#160;&#151; Equity Awards Vested During Fiscal
    Year-Ended 2008.&#148; Such interests do not give
    Mr.&#160;Jernigan beneficial ownership of any shares of our
    common stock because they do not give Mr.&#160;Jernigan the
    power to vote or dispose of any such shares.</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD align="right" valign="top">
    (7) </TD>
    <TD></TD>
    <TD valign="bottom">
    Mr.&#160;Daly owns no shares of common stock directly.
    Mr.&#160;Daly owns 12,176&#160;shares indirectly through his
    ownership of common units in CA and CA II. Mr.&#160;Daly does
    not have the power to vote or dispose of shares that correspond
    to his ownership of common units in CA and CA II and thus does
    not have beneficial ownership of such shares. Mr.&#160;Daly also
    owns (i)&#160;profits interests in each of CA and CA II,
    (ii)&#160;phantom points under each of the Phantom Unit Plans
    (See &#147;Compensation Discussion and Analysis&#148;) and
    (iii)&#160;common units and override units in CA III. See
    &#147;Compensation of Executive Officers&#160;&#151; Outstanding
    Equity Awards at 2008 Fiscal Year-End&#148; and
    &#147;Compensation of Executive Officers&#160;&#151; Equity
    Awards Vested During Fiscal Year-Ended 2008.&#148; Such
    interests do not give Mr.&#160;Daly beneficial ownership of any
    shares of our common stock because they do not give
    Mr.&#160;Daly the power to vote or dispose of any such shares.</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD align="right" valign="top">
    (8) </TD>
    <TD></TD>
    <TD valign="bottom">
    Mr.&#160;Haugen owns 5,000&#160;shares of common stock directly.
    Mr.&#160;Haugen owns 24,352&#160;shares indirectly through his
    ownership of common units in CA and CA II. Mr.&#160;Haugen does
    not have the power to vote or dispose of shares that correspond
    to his ownership of common units in CA and CA II and thus does
    not have beneficial ownership of such shares. Mr.&#160;Haugen
    also owns (i)&#160;profits interests in each of CA and CA II,
    (ii)&#160;phantom points under each of the Phantom Unit Plans
    (See &#147;Compensation Discussion and Analysis&#148;) and
    (iii)&#160;common units and override units in CA III. See
    &#147;Compensation of Executive Officers&#160;&#151; Outstanding
    Equity Awards at 2008 Fiscal Year-End&#148; and
    &#147;Compensation of Executive Officers&#160;&#151; Equity
    Awards at 2008 Fiscal Year-End That Have Vested.&#148; Such
    interests do not give Mr.&#160;Haugen beneficial ownership of
    any shares of our common stock because they do not give
    Mr.&#160;Haugen the power to vote or dispose of any such shares.</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD align="right" valign="top">
    (9) </TD>
    <TD></TD>
    <TD valign="bottom">
    Mr.&#160;Gross owns 1,000&#160;shares of common stock directly.
    Mr.&#160;Gross owns 7,304&#160;shares indirectly through his
    ownership of common units in CA and CA II. Mr.&#160;Gross does
    not have the power to vote or dispose of shares that correspond
    to his ownership of common units in CA and CA II and thus does
    not have beneficial ownership of such shares. Mr.&#160;Gross
    also owns (i)&#160;phantom points under each of the Phantom Unit
    Plans (See &#147;Compensation Discussion and Analysis&#148;) and
    (ii)&#160;common units and override units in CA III. See
    &#147;Compensation of Executive Officers&#160;&#151; Outstanding
    Equity Awards at 2008 Fiscal Year-End&#148; and
    &#147;Compensation of Executive Officers&#160;&#151; Equity
    Awards Vested During Fiscal Year-Ended 2008.&#148; Such
    interests do not give Mr.&#160;Gross beneficial ownership of any
    shares of our common stock because they do not give
    Mr.&#160;Gross the power to vote or dispose of any such shares.</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD align="right" valign="top">
    (10) </TD>
    <TD></TD>
    <TD valign="bottom">
    Mr.&#160;Riemann owns no shares of common stock directly.
    Mr.&#160;Riemann owns 97,408&#160;shares indirectly through his
    ownership of common units in CA and CA II. Mr.&#160;Riemann does
    not have the power to vote or dispose of shares that correspond
    to his ownership of common units in CA and CA II and thus does
    not have beneficial ownership of such shares. Mr.&#160;Riemann
    also owns (i)&#160;profits interests in each of CA and CA II,
    (ii)&#160;phantom points under each of the Phantom Unit Plans
    (See &#147;Compensation Discussion and Analysis&#148;) and
    (iii)&#160;common units and override units in CA III. See
    &#147;Compensation of Executive Officers&#160;&#151; Outstanding
    Equity Awards at 2008 Fiscal Year-End&#148; and
    &#147;Compensation of Executive Officers&#160;&#151; Equity
    Awards Vested During Fiscal Year-Ended 2008.&#148; Such
    interests do not give Mr.&#160;Riemann beneficial ownership of
    any shares of our common stock because they do not give
    Mr.&#160;Riemann the power to vote or dispose of any such shares.</TD>
</TR>

</TABLE>

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    <BR>
    18
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD width="96%"></TD>
</TR>

<TR>
    <TD align="right" valign="top">
    (11) </TD>
    <TD></TD>
    <TD valign="bottom">
    Mr.&#160;Hobbs was awarded 24,155&#160;shares of restricted
    stock on December&#160;19, 2008. These shares vested
    immediately. Each director receiving these shares must maintain
    a two-thirds ownership of the shares throughout their
    directorship. Mr.&#160;Hobbs was also awarded options to
    purchase 9,100&#160;shares of common stock with an exercise
    price equal to the closing price of our common stock on the date
    of grant, which was $11.01. The date of grant for these options
    was September&#160;24, 2008. These options will generally vest
    in one-third annual increments beginning on the first
    anniversary of the date of grant.</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD align="right" valign="top">
    (12) </TD>
    <TD></TD>
    <TD valign="bottom">
    Mr.&#160;Lippert was awarded 24,155&#160;shares of restricted
    stock on December&#160;19, 2008. These shares vested
    immediately. Each director receiving these shares must maintain
    a two-thirds ownership of the shares throughout their
    directorship. In connection with our initial public offering,
    our Board awarded 5,000&#160;shares of non-vested restricted
    stock to Mr.&#160;Lippert. The date of grant for these shares of
    restricted stock was October&#160;24, 2007. Under the terms of
    the restricted stock agreement, Mr.&#160;Lippert has the right
    to vote his shares of restricted stock after the date of grant.
    However, the transfer restrictions on these shares will
    generally lapse in one-third annual increments beginning on the
    first anniversary of the date of grant. Because Mr.&#160;Lippert
    has the right to vote his non-vested shares of restricted stock,
    he is deemed to have beneficial ownership of such shares. In
    addition, our Board awarded Mr.&#160;Lippert options to purchase
    5,150&#160;shares of common stock with an exercise price equal
    to the initial public offering price of our common stock, which
    was $19.00 per share. The date of grant for these options was
    October&#160;22, 2007. These options will generally vest in
    one-third annual increments beginning on the first anniversary
    of the date of grant. Additionally, our Board awarded
    Mr.&#160;Lippert options to purchase 4,300&#160;shares of common
    stock with an exercise price equal to the closing price of our
    common stock on the date of grant, which was $24.73. The date of
    grant for these options was December&#160;21, 2007. These
    options will generally vest in one-third annual increments
    beginning on the first anniversary of the date of grant. Total
    shares of common stock subject to options that are currently
    exercisable or exercisable within 60&#160;days of March&#160;12,
    2009 of 3,151 are deemed to be outstanding and included in the
    total amount of shares beneficially owned by Mr.&#160;Lippert.
    Additionally, members of Mr.&#160;Lippert&#146;s immediate
    family own 2,500&#160;shares of our common stock directly.
    Mr.&#160;Lippert disclaims beneficial ownership of shares of our
    common stock owned by members of his immediate family.</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD align="right" valign="top">
    (13) </TD>
    <TD></TD>
    <TD valign="bottom">
    Mr.&#160;Nordaker was awarded 24,155&#160;shares of restricted
    stock on December&#160;19, 2008. These shares vested
    immediately. Each director receiving these shares must maintain
    a two-thirds ownership of the shares throughout their
    directorship. Mr.&#160;Nordaker was also awarded options to
    purchase 4,350&#160;shares of common stock with an exercise
    price equal to the closing price of our common stock on the date
    of grant, which was $24.96. The date of grant for these options
    was June&#160;10, 2008. These options will generally vest in
    one-third annual increments beginning on the first anniversary
    of the date of grant.</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD align="right" valign="top">
    (14) </TD>
    <TD></TD>
    <TD valign="bottom">
    Mr.&#160;Tomkins was awarded 24,155&#160;shares of restricted
    stock on December&#160;19, 2008. These shares vested
    immediately. Each director receiving these shares must maintain
    a two-thirds ownership of the shares throughout their
    directorship. In connection with our initial public offering,
    our Board awarded 12,500&#160;shares of non-vested restricted
    stock to Mark Tomkins. The date of grant for these shares of
    restricted stock was October&#160;24, 2007. Under the terms of
    the restricted stock agreement, Mr.&#160;Tomkins has the right
    to vote his shares of restricted stock after the date of grant.
    However, the transfer restrictions on these shares will
    generally lapse in one-third annual increments beginning on the
    first anniversary of the date of grant. Because Mr.&#160;Tomkins
    has the right to vote his non-vested shares of restricted stock,
    he is deemed to have beneficial ownership of such shares. In
    addition, our Board awarded Mr.&#160;Tomkins options to purchase
    5,150&#160;shares of common stock with an exercise price equal
    to the initial public offering price of our common stock, which
    was $19.00 per share. The date of grant for these options was
    October&#160;22, 2007. These options will generally vest in
    one-third annual increments beginning on the first anniversary
    of the date of grant. Additionally, our Board awarded
    Mr.&#160;Tomkins options to purchase 4,300&#160;shares of common
    stock with an exercise price equal to the closing price of our
    common stock on the date of grant, which was $24.73. The date of
    grant for these options was December&#160;21, 2007. These
    options will generally vest in one-third annual increments
    beginning on the first anniversary of the date of grant. Total
    shares of common stock subject to options that are currently
    exercisable or exercisable within 60&#160;days of March&#160;12,
    2009 of 3,151 are deemed to be outstanding and included in the
    total amount of shares beneficially owned by Mr.&#160;Tomkins.
    Mr.&#160;Tomkins transferred </TD>
</TR>

</TABLE>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    19
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD width="96%"></TD>
</TR>

<TR>
    <TD valign="top">
</TD>
    <TD></TD>
    <TD valign="bottom">
    4,167&#160;shares of common stock to an immediate family member
    on January&#160;12, 2009. Mr.&#160;Tomkins disclaims beneficial
    ownership of shares of our common stock owned by members of his
    immediate family.</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD align="right" valign="top">
    (15) </TD>
    <TD></TD>
    <TD valign="bottom">
    The number of shares of common stock owned by all directors and
    executive officers, as a group, reflects the sum of (1)&#160;all
    shares of common stock directly owned by CA, with respect to
    which Messrs.&#160;Matelich and Osborne may be deemed to share
    beneficial ownership, (2)&#160;all shares of common stock
    directly owned by CA II, with respect to which
    Messrs.&#160;Pontarelli and Lebovitz may be deemed to share
    beneficial ownership, (3)&#160;the 200&#160;shares owned by
    Goldman, Sachs&#160;&#038; Co. with respect to which
    Messrs.&#160;Pontarelli and Lebovitz may be deemed to share
    beneficial ownership, (4)&#160;the 247,471&#160;shares of common
    stock owned directly by Mr.&#160;Lipinski, the 1,000&#160;shares
    of common stock owned directly by Mr.&#160;Gross, the
    5,000&#160;shares of common stock owned directly by
    Mr.&#160;Haugen, the 3,500&#160;shares of common stock owned
    directly by Mr.&#160;Jernigan, the 1,000&#160;shares of common
    stock owned directly by Mr.&#160;Vick and the 6,000&#160;shares
    of common stock owned directly by Christopher G. Swanberg,
    (5)&#160;the 32,488&#160;shares owned by Mr.&#160;Tomkins, the
    4,167&#160;shares owned by members of Mr.&#160;Tomkins&#146;
    family, and 3,151&#160;shares of common stock subject to options
    that are currently exercisable by Mr. Tomkins, (6)&#160;the
    29,155&#160;shares owned by Mr.&#160;Lippert, the
    2,500&#160;shares owned by members of Mr.&#160;Lippert&#146;s
    family, and 3,151&#160;shares of common stock subject to options
    that are currently exercisable by Mr. Lippert, (7)&#160;the
    24,155&#160;shares owned by Mr.&#160;Nordaker and (8)&#160;the
    24,155&#160;shares owned by Mr.&#160;Hobbs.</TD>
</TR>

</TABLE>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>
<A name='107'>
<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">SECTION&#160;16(a)
    BENEFICIAL OWNERSHIP REPORTING COMPLIANCE</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Section&#160;16(a) of the Securities Exchange Act of 1934, as
    amended (the &#147;Exchange Act&#148;) requires our executive
    officers and directors and other persons who own more than 10%
    of our outstanding common stock, to file reports of their stock
    ownership and changes in their ownership of our common stock
    with the SEC and the NYSE. These same people must also furnish
    us with copies of these reports. We have performed a general
    review of such reports and amendments thereto filed in 2008.
    Based on our review of these reports, to our knowledge all of
    our executive officers and directors and other persons who own
    more than 10% of our outstanding common stock, have fully
    complied with the reporting requirements of Section&#160;16(a)
    with the exception of one Form&#160;4 filing each for
    Messrs.&#160;Hobbs, Lippert, Nordaker and Tomkins with respect
    to the acquisition of restricted shares.
</DIV>
<A name='120'>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">EXECUTIVE
    OFFICERS</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The following table sets forth the names, positions and ages (as
    of March&#160;2, 2009)&#160;of each person who is an executive
    officer of CVR Energy. We also indicate in the biographies below
    which executive officers of CVR Energy hold similar positions
    with the managing general partner of the Partnership. Senior
    management of CVR Energy manages the Partnership pursuant to a
    services agreement among us, the Partnership and the
    Partnership&#146;s managing general partner.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="43%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=02 type=quadleft -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=02 type=maindata -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=02 type=quadright -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="52%">&nbsp;</TD>	<!-- colindex=03 type=maindata -->
</TR>
<!-- Table Width Row END -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>Name</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>Age</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>Position</B>
</DIV>
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    John J. Lipinski
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    58
</TD>
<TD>&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="bottom">
    Chairman of the Board of Directors, Chief Executive Officer and
    President
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Stanley A. Riemann
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    57
</TD>
<TD>&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="bottom">
    Chief Operating Officer
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    James T. Rens
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    43
</TD>
<TD>&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="bottom">
    Chief Financial Officer and Treasurer
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Edmund S. Gross
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    58
</TD>
<TD>&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="bottom">
    Senior Vice President, General Counsel and Secretary
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Daniel J. Daly, Jr.&#160;
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    63
</TD>
<TD>&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="bottom">
    Executive Vice President, Strategy
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Robert W. Haugen
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    50
</TD>
<TD>&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="bottom">
    Executive Vice President, Refining Operations
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Wyatt E. Jernigan
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    57
</TD>
<TD>&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="bottom">
    Executive Vice President, Crude Oil Acquisition and Petroleum
    Marketing
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Kevan A. Vick
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    54
</TD>
<TD>&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="bottom">
    Executive Vice President and Fertilizer General Manager
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Christopher G. Swanberg
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    51
</TD>
<TD>&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="bottom">
    Vice President, Environmental, Health and Safety
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    20
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Information
    Concerning Executives Who Are Not Directors</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>Stanley A. Riemann </I>has served as chief operating officer
    of our Company since September 2006, chief operating officer of
    CA since June 2005, chief operating officer of Coffeyville
    Resources, LLC (&#147;CRLLC&#148;) since February 2004 and chief
    operating officer of CA II and CA III since October 2007. Since
    October 2007, Mr.&#160;Riemann has also served as the chief
    operating officer of the managing general partner of the
    Partnership. Prior to joining CRLLC in February 2004,
    Mr.&#160;Riemann held various positions associated with the Crop
    Production and Petroleum Energy Division of Farmland Industries,
    Inc. (&#147;Farmland&#148;) for over 29&#160;years, including,
    most recently, Executive Vice President of Farmland and
    President of Farmland&#146;s Energy and Crop Nutrient Division.
    In this capacity, he was directly responsible for managing the
    petroleum refining operation and all domestic fertilizer
    operations, which included the Trinidad and Tobago nitrogen
    fertilizer operations. His leadership also extended to managing
    Farmland&#146;s interests in SF Phosphates in Rock Springs,
    Wyoming and Farmland Hydro, L.P., a phosphate production
    operation in Florida and managing all company-wide
    transportation assets and services. Mr.&#160;Riemann served as a
    board member and board chairman on several industry
    organizations including the Phosphate Potash Institute, the
    Florida Phosphate Council and the International Fertilizer
    Association. He currently serves on the Board of The Fertilizer
    Institute. Mr.&#160;Riemann received a bachelor of science from
    the University of Nebraska and an MBA from Rockhurst University.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>James T. Rens </I>has served as chief financial officer and
    treasurer of our Company since September 2006, chief financial
    officer and treasurer of CA since June 2005, chief financial
    officer and treasurer of CRLLC since February 2004 and chief
    financial officer and treasurer of CA II and CA III since
    October 2007. Since October 2007, Mr.&#160;Rens has also served
    as chief financial officer and treasurer of the managing general
    partner of the Partnership. Before joining our Company,
    Mr.&#160;Rens was a consultant to the original majority owners
    of CRLLC from November 2003 to March 2004, assistant controller
    at Koch Nitrogen Company from June 2003, which was when Koch
    acquired the majority of Farmland&#146;s nitrogen fertilizer
    business, to November 2003 and director of finance of
    Farmland&#146;s Crop Production and Petroleum Divisions from
    January 2002 to June 2003. From May 1999 to January 2002,
    Mr.&#160;Rens was controller and chief financial officer of
    Farmland Hydro L.P. Mr.&#160;Rens has spent over 19&#160;years
    in various accounting and financial positions associated with
    the fertilizer and energy industry. Mr.&#160;Rens received a
    Bachelor of Science degree in accounting from Central Missouri
    State University. Mr.&#160;Rens executed a Separation Agreement
    with the Company and CRLLC on January&#160;23, 2009. Under the
    terms of the Separation Agreement, Mr.&#160;Rens will continue
    to be employed by the Company for a period commencing on the
    date of the Separation Agreement and ending upon the earlier of
    (i)&#160;June&#160;30, 2009 or (ii)&#160;10&#160;days after
    written notice from the Company that the services of
    Mr.&#160;Rens are no longer necessary. See the
    &#147;Compensation of Executive Officers&#160;&#151; Employment
    Agreements and Other Arrangements&#148; and &#147;Compensation
    of Executive Officers&#160;&#151; Potential Payments Upon
    Termination or Change-of-Control&#148; for a discussion of the
    terms of this agreement.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>Edmund S. Gross </I>has served as senior vice president,
    general counsel and secretary of our Company since October 2007,
    senior vice president, general counsel and secretary of CA II
    and CA III since October 2007, vice president, general counsel
    and secretary of our Company since September 2006, secretary of
    CA since June 2005 and general counsel and secretary of CRLLC
    since July 2004. Since October 2007, Mr.&#160;Gross has also
    served as the senior vice president, general counsel and
    secretary of the managing general partner of the Partnership.
    Prior to joining CRLLC, Mr.&#160;Gross was Of Counsel at Stinson
    Morrison Hecker LLP in Kansas City, Missouri from 2002 to 2004,
    was Senior Corporate Counsel with Farmland from 1987 to 2002 and
    was an associate and later a partner at Weeks,
    Thomas&#160;&#038; Lysaught, a law firm in Kansas City, Kansas,
    from 1980 to 1987. Mr.&#160;Gross received a Bachelor of Arts
    degree in history from Tulane University, a Juris Doctor from
    the University of Kansas and an MBA from the University of
    Kansas.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>Daniel J. Daly,&#160;Jr.</I> has been our Executive Vice
    President, Strategy since December 2007 and was our Senior Vice
    President, Administration and Controls from September 2006
    through December 2007 and our Vice President, Accounting and
    Administration from June 2005 through August 2006. From December
    2004 to June 2005 Mr.&#160;Daly was self-employed as a
    consultant in mergers&#160;&#038; acquisitions. From 1978 to
    2001 Mr.&#160;Daly worked at Coastal Corporation, first as
    Manager of Transportation and Supply Operations and then as
    Controller, Refining Division and Vice President and Controller,
    Refining and Marketing. Following the merger of Coastal with
    El&#160;Paso in 2001, Mr.&#160;Daly served as Vice President and
    Controller of Tosco
</DIV>

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<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Corporation from January 2001 to December 2001. Mr.&#160;Daly
    received a B.S. in Commerce from St.&#160;Louis University.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>Robert W. Haugen </I>joined our business on June&#160;24,
    2005 and has served as executive vice president, refining
    operations at our Company since September 2006 and as executive
    vice president&#160;&#151; engineering&#160;&#038; construction
    at CRLLC since June&#160;24, 2005. Since October 2007
    Mr.&#160;Haugen has also served as executive vice president,
    refining operations at CA and CA II. Mr.&#160;Haugen brings
    25&#160;years of experience in the refining, petrochemical and
    nitrogen fertilizer business to our Company. Prior to joining
    us, Mr.&#160;Haugen was a managing director and Partner of
    Prudentia Energy, an advisory and management firm focused on
    mid-stream/downstream energy sectors, from January 2004 to June
    2005. On leave from Prudentia, he served as the Senior Oil
    Consultant to the Iraqi Reconstruction Management Office for the
    U.S.&#160;Department of State. Prior to joining Prudentia
    Energy, Mr.&#160;Haugen served in numerous engineering,
    operations, marketing and management positions at the Howell
    Corporation and at the Coastal Corporation. Upon the merger of
    Coastal and El&#160;Paso in 2001, Mr.&#160;Haugen was named Vice
    President and General Manager for the Coastal Corpus Christi
    Refinery and later held the positions of Vice President of
    Chemicals and Vice President of Engineering and Construction.
    Mr.&#160;Haugen received a B.S. in Chemical Engineering from the
    University of Texas.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>Wyatt E. Jernigan </I>has served as executive vice president,
    crude oil acquisition and petroleum marketing at our Company
    since September 2006 and as executive vice president&#160;&#151;
    crude&#160;&#038; feedstocks at CRLLC since June&#160;24, 2005.
    Since October 2007 Mr.&#160;Jernigan has also served as
    executive vice president, crude oil acquisition and petroleum
    marketing at CA and CA II. Mr.&#160;Jernigan has more than
    30&#160;years of experience in the areas of crude oil and
    petroleum products related to trading, marketing, logistics and
    business development. Most recently, Mr.&#160;Jernigan was a
    managing director with Prudentia Energy, an advisory and
    management firm focused on mid-stream/downstream energy sectors,
    from January 2004 to June 2005. Most of his career was spent
    with Coastal Corporation and El&#160;Paso, where he held several
    positions in crude oil supply, petroleum marketing and asset
    development, both domestic and international. Following the
    merger between Coastal Corporation and El&#160;Paso in 2001,
    Mr.&#160;Jernigan assumed the role of Managing Director for
    Petroleum Markets Originations. Mr.&#160;Jernigan attended
    Virginia Wesleyan College, majoring in Sociology and has
    training in petroleum fundamentals from the University of Texas.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>Kevan A. Vick </I>has served as executive vice president and
    fertilizer general manager at our Company since September 2006,
    senior vice president at Coffeyville Resources Nitrogen
    Fertilizers, LLC (&#147;CRNF&#148;) since February&#160;27, 2004
    and executive vice president and fertilizer general manager of
    CA III since October 2007. Since October 2007, Mr.&#160;Vick has
    also served as executive vice president and fertilizer general
    manager of the managing general partner of the Partnership. He
    has served on the board of directors of Farmland MissChem
    Limited in Trinidad and SF Phosphates. He has nearly
    30&#160;years of experience in the Farmland organization and is
    one of the most highly respected executives in the nitrogen
    fertilizer industry, known for both his technical expertise and
    his in-depth knowledge of the commercial marketplace. Prior to
    joining CRNF, he was general manager of nitrogen manufacturing
    at Farmland from January 2001 to February 2004. Mr.&#160;Vick
    received a bachelor of science in chemical engineering from the
    University of Kansas and is a licensed professional engineer in
    Kansas, Oklahoma and Iowa.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>Christopher G. Swanberg </I>has served as vice president,
    environmental, health and safety at our Company since September
    2006, as vice president, environmental, health and safety at
    CRLLC since June 2005 and as vice president, environmental,
    health and safety at CA II and CA III since October 2007. Since
    October 2007, Mr.&#160;Swanberg has also served as vice
    president, environmental, health and safety of the managing
    general partner of the Partnership. He has served in numerous
    management positions in the petroleum refining industry such as
    Manager, Environmental Affairs for the refining and marketing
    division of Atlantic Richfield Company (ARCO) and Manager,
    Regulatory and Legislative Affairs for Lyondell-Citgo Refining.
    Mr.&#160;Swanberg&#146;s experience includes technical and
    management assignments in project, facility and corporate staff
    positions in all environmental, safety and health areas. Prior
    to joining CRLLC, he was Vice President of Sage Environmental
    Consulting, an environmental consulting firm focused on
    petroleum refining and petrochemicals, from September 2002 to
    June 2005. Mr.&#160;Swanberg received a B.S. in Environmental
    Engineering Technology from Western Kentucky University and an
    MBA from the University of Tulsa.
</DIV>

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    <BR>
    22
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<A name='108'>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">COMPENSATION
    DISCUSSION AND ANALYSIS</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Overview</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Our compensation committee is comprised of George E. Matelich
    (as chairperson), Kenneth A. Pontarelli, Steve A. Nordaker and
    Mark E. Tomkins.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The executive compensation philosophy of the compensation
    committee is threefold:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    To align the executive officers&#146; interest with that of the
    stockholders and stakeholders, which provides long-term economic
    benefits to the stockholders;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    To provide competitive financial incentives in the form of
    salary, bonuses and benefits with the goal of retaining and
    attracting talented and highly motivated executive
    officers;&#160;and
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    To maintain a compensation program whereby the executive
    officers, through exceptional performance and equity ownership,
    will have the opportunity to realize economic rewards
    commensurate with appropriate gains of other equity holders and
    stakeholders.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The compensation committee reviews and makes recommendations to
    the Board regarding our overall compensation strategy and
    policies, with the full Board having the final authority on
    compensation matters. The Board may from time to time delegate
    to the compensation committee the authority to take actions on
    specific compensation matters or with respect to compensation
    matters for certain employees or officers. In the past, there
    has been no such delegation, but our Board may delegate to the
    compensation committee, for example, in order to comply with
    Section&#160;16 of the Exchange Act or Section&#160;162(m) of
    the Internal Revenue Code of 1986, as amended (the
    &#147;Code&#148;), when those laws require actions by outside or
    non-employee directors, as applicable.
    <FONT style="white-space: nowrap">Rule&#160;16b-3</FONT>
    issued under Section&#160;16 of the Exchange Act provides that
    transactions between an issuer and its officers or directors
    involving issuer securities may be exempt from
    Section&#160;16(b) of the Exchange Act if they meet certain
    requirements, one of which is approval by a committee of the
    board of directors of the issuer consisting of two or more
    non-employee directors. Section&#160;162(m) of the Code limits
    deductions by publicly held corporations for compensation paid
    to its &#147;covered employees&#148; (i.e., its chief executive
    officer and next four highest compensated officers) to the
    extent that the employee&#146;s compensation for the taxable
    year exceeds $1,000,000. This limit does not apply to
    &#147;qualified performance-based compensation,&#148; which
    requires, among other things, satisfaction of a performance goal
    that is established by a committee of the board of directors
    consisting of two or more outside directors.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Our compensation committee (1)&#160;develops, approves and
    oversees policies relating to compensation of our chief
    executive officer and other executive officers,
    (2)&#160;discharges the Board&#146;s responsibility relating to
    the establishment, amendment, modification, or termination of
    the LTIP, the Coffeyville Resources, LLC Phantom Unit
    Appreciation Plan (Plan I) (the &#147;Phantom Unit Plan I&#148;)
    and the Coffeyville Resources, LLC Phantom Unit Appreciation
    Plan (Plan II) (the &#147;Phantom Unit Plan II&#148; and
    together with the Phantom Unit Plan&#160;I, the &#147;Phantom
    Unit Plans&#148;), health and welfare plans, incentive plans,
    defined contribution plans (401(k) plans) and any other benefit
    plan, program or arrangement which we sponsor or maintain and
    (3)&#160;discharges the responsibilities of the override unit
    committee of the Board.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Specifically, the compensation committee reviews and makes
    recommendations to the Board regarding annual and long-term
    performance goals and objectives for the chief executive officer
    and our other senior executives; reviews and makes
    recommendations to the Board regarding the annual salary, bonus
    and other incentives and benefits, direct and indirect, of the
    chief executive officer and our senior executives; reviews and
    authorizes the Company to enter into employment, severance or
    other compensation agreements with the chief executive officer
    and other senior executives; administers our executive incentive
    plans, including the Phantom Unit Plans; establishes and
    periodically reviews perquisites and fringe benefits policies;
    reviews annually the implementation of our company-wide
    incentive bonus program; oversees contributions to our 401(k)
    plan; and performs such duties and responsibilities as may be
    assigned by the Board to the compensation committee under the
    terms of any executive compensation plan, incentive compensation
    plan or equity-based plan and as may be assigned to the
    compensation committee with respect to the issuance and
    management of the override units in CA and CA II.
</DIV>

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    <BR>
    23
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<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The compensation committee has regularly scheduled meetings
    concurrent with the Board meetings and additionally meets at
    other times as needed throughout the year. Frequently, issues
    are discussed among the compensation committee via
    teleconference. The chief executive officer, while not a member
    of the compensation committee, actively provides guidance and
    recommendations to the committee regarding the amount and form
    of the compensation of the other executive officers and key
    employees. Mr.&#160;Harry S. Nichols, Vice President, Human
    Resources, also attends compensation committee meetings to
    present information as requested and to perform administrative
    work as needed. Compensation consultants, as needed, may
    participate in compensation committee meetings to discuss and
    develop compensation recommendations for consideration by the
    committee. Compensation consultants do no other work for the
    Company or for management except to provide consulting services
    related to executive compensation levels and program design.
    During 2006 and prior to our becoming a public company, given
    that the compensation committee consisted of senior
    representatives of the Goldman Sachs Funds and the Kelso Funds,
    as well as our chief executive officer, the Board did not change
    or reject decisions made by the compensation committee.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The main objective of our executive compensation program is to
    closely align compensation paid to executive officers with our
    operating and financial performance on both a short-term and
    long-term basis. Compensation is structured competitively in
    order to attract, motivate and retain executive officers and key
    employees and is considered crucial to our long-term success and
    the long-term enhancement of stockholder value. In addition, our
    compensation program is designed to ensure that the executive
    officers&#146; objectives and rewards are directly correlated to
    our long-term objectives and that their interests are aligned
    with those of stockholders. To this end, the compensation
    committee believes that the most critical component of
    compensation is equity compensation.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The compensation committee has been monitoring current economic
    conditions and has considered the petroleum and fertilizer
    markets along with other considerations in making compensation
    decisions. In 2008, no significant changes were made to the
    Company&#146;s overall executive compensation philosophy and
    structure because the compensation committee believes that the
    compensation programs are reasonable, balanced, designed to
    attract, retain and motivate talented executives. The
    compensation committee has also evaluated our compensation
    programs with respect to their effect on risk taking and has
    determined that our compensation programs are structured in a
    manner that does not encourage executives to take excessive
    risks.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The following discusses in detail the foundation underlying our
    executive compensation philosophy and also how the compensation
    decisions are made. Qualitative information related to the most
    important factors utilized in the analysis of these decisions is
    described.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Elements
    of Compensation</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The three primary components of the compensation program are
    salary, an annual cash incentive bonus and equity awards.
    Executive officers are also provided with benefits that are
    generally available to our salaried employees.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    While these three components are related, we view them as
    separate and analyze them as such. The compensation committee
    believes that equity compensation is the primary motivator in
    attracting and retaining executive officers. Salary and cash
    incentive bonuses are viewed as secondary; however, the
    compensation committee views a competitive level of salary and
    cash bonus as critical to retaining talented individuals. The
    compensation committee&#146;s focus in 2008 was centered on cash
    incentive bonuses on a short-term basis, as the committee&#146;s
    view was that the executive officers had previously been awarded
    under the original ownership structure, competitive equity
    compensation to provide for long-term competitive awards.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Base
    Salary</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    We fix the base salary of each of our executive officers at a
    level that we believe enables us to hire, motivate and retain
    our executive officers and enhance their motivation in a highly
    competitive and dynamic
</DIV>

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    <BR>
    24
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<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    environment and to reward individual and Company performance. In
    determining its recommendations for salary levels, the
    compensation committee takes into account the following:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    The Company&#146;s financial and operational performance for the
    year;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    The previous years&#146; compensation level for each named
    executive officer;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    Recommendations of the Company&#146;s chief executive officer,
    based on individual responsibilities and performance;&#160;and
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    Peer or market survey information for comparable public
    companies.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Each year we make compensation decisions using an approach that
    considers several important factors in developing compensation
    levels, rather than from establishing compensation solely on a
    formula-driven basis.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    With respect to our peer group, management, through the chief
    executive officer, provides the compensation committee with
    information gathered through a detailed annual review of
    executive compensation programs of other publicly and privately
    held companies in our industry, which are similar to us in size
    and operations (among other factors). In 2008, an independent
    compensation consultant performed a study including an analysis
    that management reviewed and then provided to the compensation
    committee for their use in making decisions regarding the
    salary, bonus and other compensation amounts paid to named
    executive officers. The following independent refining
    companies, which we view as members of our peer group were
    included in the report and analysis: Frontier Oil Corporation,
    Holly Corporation and Tesoro Corporation. The following
    fertilizer businesses were included in the report and analysis:
    CF Industries Holdings Inc. and Terra Industries, Inc. Averages
    of these peer group salary levels were used over a number of
    years to develop a range of salaries of similarly situated
    executives of these companies and this range was used as a
    factor in determining base salary (and overall cash
    compensation) of the named executive officers. Management also
    reviewed the differences in levels of compensation among the
    named executive officers of this peer group and used these
    differences as a factor in setting a different level of salary
    and overall compensation for each of our named executive
    officers based on their relative positions and levels of
    responsibility.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    With respect to the individual performance of the named
    executive officers, the compensation committee considered, among
    other things, their diligence and effective response to
    immediate needs of a very volatile industry environment.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Each of the named executive officers has an employment agreement
    which sets forth their base salaries. On January&#160;23, 2009,
    Mr.&#160;Rens entered into a Separation Agreement with the
    Company and CRLLC which generally supersedes his employment
    agreement. Salaries are reviewed annually by the compensation
    committee with periodic informal reviews throughout the year.
    Adjustments, if any, are usually made on
    January&#160;1st&#160;of the year immediately following the
    review. The compensation committee most recently reviewed the
    level of cash salary and bonus for each of the executive
    officers in November 2008 in conjunction with their
    responsibilities and expectations for 2009. Individual
    performance, the practices of our peer group of companies as
    reflected in the analysis and report of the compensation
    consultant and changes in the named executive officer&#146;s
    status were considered. Among these three factors, slightly more
    weight was given to the peer group analysis. The compensation
    committee recommended that the Board increase the 2009 salaries
    of Messrs.&#160;Lipinski (to $800,000 from $700,000), Rens (to
    $330,000 from $300,000), Vick (to $245,000 from $225,000),
    Jernigan (to $245,000 from $225,000), Daly (to $245,000 from
    $220,000), Gross (to $315,000 from $225,000) and Riemann (to
    $415,000 from $375,000), respectively, effective January&#160;1,
    2009. These increases in base salary are due to the efforts to
    align the total compensation of the named executive officers
    with compensation paid by companies in our peer group and other
    considerations set forth above. Mr.&#160;Haugen&#146;s base
    salary for 2009 remained at $275,000.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Annual
    Bonus</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Information about total cash compensation paid by members of our
    peer group is used in determining both the level of bonus award
    and the ratio of salary to bonus. We believe that maintaining a
    level of bonus
</DIV>

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<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    and a ratio of fixed salary to bonus (which may fluctuate) that
    is in line with those of our competitors is an important factor
    in attracting and retaining executives. The compensation
    committee also believes that a significant portion of our
    executive officers&#146; compensation should be at risk. That
    is, a portion of the executive officers&#146; overall
    compensation would not be guaranteed and would be determined
    based on individual and Company performance.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Our compensation program provides for greater potential bonus
    awards as the authority and responsibility of an executive
    increases. Our chief executive officer has the greatest
    percentage of his compensation at risk in the form of an annual
    bonus. Our named executive officers retain a significant
    percentage of their compensation package at risk in the form of
    annual bonuses.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Bonuses may be paid in an amount equal to the target percentage,
    less than the target percentage or greater than the target
    percentage based on current year performance as recommended by
    the compensation committee. The performance determination takes
    into account overall operational performance, financial
    performance, factors affecting shareholder value including
    growth initiatives and the individual&#146;s personal
    performance. The determination of whether the target bonus
    amount should be paid is not based on specific metrics, but
    rather a general assessment of how the business performed as
    compared to the business plan developed for the year. Due to the
    nature of the business, financial performance alone may not
    dictate or be a fair indicator of the performance of the
    executive officers. Conversely, financial performance may exceed
    all expectations, but it could be due to outside forces in the
    industry rather than true performance by an executive that
    exceeds expectations. In order to take these differing impacts
    and related results into consideration and to assess the
    executive officers&#146; performance on their own merits, the
    compensation committee makes an assessment of the executive
    officer&#146;s performance separate from the actual financial
    performance of the Company.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The compensation committee reviewed the individualized
    performance and Company performance as compared to expectations
    for the year ended December&#160;31, 2008. Under their
    employment agreements, the 2008 target bonuses were the
    following percentages of salary for each of the following:
    Mr.&#160;Lipinski (250%), Mr.&#160;Rens (120%), Mr.&#160;Vick
    (80%), Mr.&#160;Jernigan (100%), Mr.&#160;Daly (80%),
    Mr.&#160;Haugen (120%), Mr.&#160;Gross (80%), and
    Mr.&#160;Riemann (200%).
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Each of the named executive officers&#146; employment agreements
    provide that the executive will receive an annual cash
    performance bonus with a target bonus equal to a specified
    percentage of each executive&#146;s base salary. Actual bonuses
    are determined in the discretion of the compensation committee,
    based upon such individual
    <FONT style="white-space: nowrap">and/or</FONT>
    Company performance criteria established by the compensation
    committee for the relevant fiscal year. As a result of the
    compensation committee&#146;s review of peer company
    compensation practices as included in the compensation
    consultant&#146;s report and its consideration of current
    economic conditions, in November 2008 the compensation committee
    concluded that target bonus percentages would remain the same
    for all named executive officers in 2009, as such target bonus
    percentages were determined to be fair and comparable to other
    peer companies
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Equity</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    We use equity incentives to reward long-term performance. The
    issuance of equity to executive officers is intended to generate
    significant future value for each executive officer if the
    Company&#146;s performance is outstanding and the value of the
    Company&#146;s equity increases for all stockholders. The
    compensation committee believes that our equity incentives
    promote long-term retention of executives. The equity incentives
    issued, including to our named executive officers, were
    negotiated to a large degree at the time of the acquisition of
    our business in June 2005 (with additional units that were not
    originally allocated in June 2005 issued in December
    2006)&#160;in order to bring our compensation package in line
    with executives at private equity portfolio companies, based on
    the private equity market practices at that time. All issuances
    of override units and phantom points made through
    December&#160;31, 2008 (described below) were made at what the
    board of directors of CA, CA II,
    <FONT style="white-space: nowrap">and/or</FONT> CA
    III, as applicable, determined to be their fair value on their
    respective grant dates.
</DIV>

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<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The greatest share of total compensation to the chief executive
    officer and other named executive officers (as well as selected
    senior executives and key employees) is in the form of
    historical equity. The types of equity awards that have been
    granted to the named executive officers include common units and
    override units consisting of operating units and value units in
    CA and CA II and common and override units in CA III, the entity
    which owns the managing general partner of the Partnership which
    holds the nitrogen fertilizer business. Any financial
    obligations related to such common units and override units
    reside with the issuer of such units and not with CVR Energy.
    Separately, CRLLC, a subsidiary of CVR Energy, issued phantom
    points to certain members of management and any financial
    obligations related to such phantom points are the obligations
    of CVR Energy. The total number of such awards is detailed in
    this Proxy Statement and was approved by the Board.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The limited liability company agreements of CA and CA II (the
    &#147;LLC Agreements&#148;) provide the methodology for payouts
    with respect to units in CA and CA II, respectively. In general
    terms, the LLC Agreements provide for two classes of interests
    in each of CA and CA II: (1)&#160;common units and
    (2)&#160;profits interests referred to as override units (which
    consist of both operating units and value units). Common units
    are issued in exchange for a capital contribution determined by
    the board of directors of CA or CA II, as applicable, whereas no
    capital contributions are made in connection with the issuance
    of override units. Each of the named executive officers has a
    capital account under which his balance is increased or
    decreased to reflect his allocable share of net income and gross
    income of CA or CA II, as applicable, the capital that the named
    executive officer contributed in exchange for his common units,
    distributions paid to such named executive officer and his
    allocable share of net loss and items of gross deduction. CA and
    CA II may make distributions to their members to the extent that
    the cash available to them is in excess of the business&#146;
    reasonably anticipated needs. Distributions are generally made
    to members&#146; capital accounts in proportion to the number of
    units each member holds. All cash payable pursuant to the LLC
    Agreements will be paid by CA and CA II, respectively and will
    not be paid by CVR Energy. Although CVR Energy is required to
    recognize a compensation expense with respect to such awards,
    CVR Energy also records a contribution to capital with respect
    to these awards and as a result, there is no cash effect on CVR
    Energy.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In addition to the grant of common units and override units in
    CA and CA II, we also granted phantom points pursuant to the
    Phantom Unit Plans. These plans operate in correlation with the
    methodology established by the LLC Agreements.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The limited liability company agreement of CA III provides for
    two classes of interests in CA III: (1)&#160;common units and
    (2)&#160;profits interests, referred to as override units. Each
    of the named executive officers has a capital account under
    which his balance is increased or decreased to reflect his
    allocable share of net income and gross income of CA III, the
    capital that the named executive officer contributed,
    distributions paid to such named executive officer and his
    allocable share of net loss and items of gross deduction. CA III
    may make distributions to its members to the extent that the
    cash available to it is in excess of the business&#146;
    reasonably anticipated needs. Distributions are generally made
    to members&#146; capital accounts in proportion to the number of
    units each member holds.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Generally, any decision related to granting equity awards to the
    named executive officers is made annually by the compensation
    committee at the time the total compensation package is
    evaluated. Limited equity grants of interests were made by CA
    III, the sole owner of the managing general partner of the
    Partnership, in February 2008. Their timing was in conjunction
    with the strategic alignment of the fertilizer business shortly
    after the purchase of the managing general partner interest by
    CA III.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Based upon the fact that the original issuance of equity awards
    to Mr.&#160;Gross was recently determined not to be commensurate
    with other peers, the compensation committee granted
    Mr.&#160;Gross additional phantom units in the Phantom Unit
    Plans in June 2008. These phantom units became available upon
    the forfeiture of phantom units by other non-executive
    participants in the plans. This decision was made in order to
    align Mr.&#160;Gross&#146; equity compensation with that of his
    peers.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    We also established a stock incentive plan in connection with
    our initial public offering in October 2007. The compensation
    committee concluded in the fourth quarter of 2008 that due to
    the prior levels of historical equity compensation awards of
    override units and phantom units that no restricted stock
    awards, stock options
</DIV>

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<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    or other equity awards would be made in 2008 to the named
    executive officers under the stock incentive plan. The
    compensation committee believes that these historical awards of
    equity and the associated risk inherent in these historical
    equity awards continue to provide the balance and incentive that
    is commensurate with the stated philosophy of the compensation
    committee. The compensation committee may elect to make
    restricted stock grants, option grants or other equity grants
    under the stock incentive plan during 2009 in its discretion.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Other
    Forms of Compensation</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Each of our named executive officers has a provision in his
    employment agreement, or severance agreement in the case of
    Mr.&#160;Rens, providing for certain severance benefits in the
    event of termination without cause or a resignation with good
    reason. These severance provisions are described in
    &#147;Compensation of Executive Officers&#160;&#151; Employment
    Agreements and Other Arrangements&#148; below. These severance
    provisions were negotiated between the executive officers and
    the Company. There are no change-of-control arrangements,
    between the executive officers and the Company. The compensation
    committee believes that the severance provisions in the
    employment agreements are customary for similar companies.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    As a general matter, we do not provide a significant number of
    perquisites to the named executive officers.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Compensation
    Policies and Philosophy</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Ours is a commodity business with high volatility and risk where
    earnings are not only influenced by margins, but also by unique,
    innovative and aggressive actions and business practices on the
    part of the executive team. The compensation committee routinely
    reviews financial and operational performance compared to our
    business plan, positive and negative industry factors and the
    response of the senior management team in dealing with and
    maximizing operational and financial performance in the face of
    otherwise negative situations. Due to the nature of our
    business, performance of an individual or the business as a
    whole may be outstanding; however, our financial performance may
    not depict this same level of achievement. The financial
    performance of the Company is not necessarily reflective of
    individual operational performance. These are some of the
    factors used in setting executive compensation. Specific
    performance levels or benchmarks are not necessarily used to
    establish compensation; however, the compensation committee
    takes into account all factors to make a subjective
    determination of related compensation packages for the executive
    officers.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The compensation committee has not adopted any formal or
    informal policies or guidelines for allocating compensation
    between long-term and current compensation, between cash and
    non-cash compensation, or among different forms of compensation
    other than its belief that the most crucial component is equity
    compensation. The decision is strictly made on a subjective and
    individual basis considering all relevant facts.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    For compensation decisions, including decisions regarding the
    grant of equity compensation relating to executive officers
    (other than our chief executive officer and chief operating
    officer), the compensation committee typically considers the
    recommendations of our chief executive officer.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In recommending compensation levels and practices, our
    management reviews peer group compensation practices based on
    publicly available data and presents this information to the
    compensation committee. The analysis is done in-house in its
    entirety and is reviewed by executive officers who are not
    members of the compensation committee. The analysis is based on
    public information available through proxy statements and
    similar sources. Because the analysis is almost always performed
    based on prior year public information, it may often be somewhat
    outdated. Prior to 2008, we did not historically hire or rely on
    independent consultants to analyze or prepare formal surveys for
    us. In 2008, we did engage an independent compensation
    consultant to prepare an assessment based upon a peer group
    review of our executive officers&#146; total compensation
    package to assist management in providing recommendations to the
    compensation committee. We also receive certain unsolicited
    executive compensation surveys; however, our use of these is
    limited as we believe we need to determine our baseline based on
    practices of other companies in our industry.
</DIV>

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<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Because we are now a public company, Section&#160;162(m) of the
    Code limits the deductibility of compensation in excess of
    $1&#160;million paid out to certain of our executive officers
    unless specific and detailed criteria are satisfied. We believe
    that it is in our best interest to deduct compensation paid to
    our executive officers. We will consider the anticipated tax
    treatment to the Company and our executive officers in the
    review and determination of the compensation payments and
    incentives. No assurance, however, can be given that the
    compensation will be fully deductible under Section&#160;162(m)
    of the Code.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Nitrogen
    Fertilizer Limited Partnership</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    A number of our executive officers, including our chief
    executive officer, chief operating officer, chief financial
    officer, general counsel, executive vice president/general
    manager for nitrogen fertilizer and vice president,
    environmental, health and safety, serve as executive officers
    for both the Company and the Partnership. These executive
    officers receive all of their compensation and benefits from us,
    including compensation related to services for the Partnership
    and are not paid by the Partnership or its managing general
    partner. However, the Partnership or the managing general
    partner must reimburse us pursuant to a services agreement for
    the time our executive officers spend working for the
    Partnership. The percentage of each named executive
    officer&#146;s compensation that represents the services
    provided to the Partnership in 2008 are approximately as
    follows: John J. Lipinski (25%), James T. Rens (35%), Kevan A.
    Vick, (100%), Wyatt&#160;E.&#160;Jernigan (0%), Daniel J.
    Daly,&#160;Jr. (10%), Robert W. Haugen (0%), Edmund S. Gross
    (35%) and Stanley A. Riemann (40%).
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    We have entered into a services agreement with the Partnership
    and its managing general partner in which we have agreed to
    provide management services to the Partnership for the operation
    of the nitrogen fertilizer business. Under this agreement the
    Partnership, its managing general partner or CRNF, a subsidiary
    of the Partnership, are required to pay us (i)&#160;all costs
    incurred by us in connection with the employment of our
    employees, other than administrative personnel, who provide
    services to the Partnership under the agreement on a full-time
    basis, but excluding share-based compensation; (ii)&#160;a
    prorated share of costs incurred by us in connection with the
    employment of our employees, other than administrative
    personnel, who provide services to the Partnership under the
    agreement on a part-time basis, but excluding share-based
    compensation and such prorated share must be determined by us on
    a commercially reasonable basis, based on the percent of total
    working time that such shared personnel are engaged in
    performing services for the Partnership; (iii)&#160;a prorated
    share of certain administrative costs; and (iv)&#160;various
    other administrative costs in accordance with the terms of the
    agreement. Either we or the managing general partner of the
    Partnership may terminate the agreement upon at least
    90&#160;days&#146; notice.
</DIV>
<A name='109'>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">COMPENSATION
    COMMITTEE REPORT</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The compensation committee of the Board has reviewed and
    discussed the Compensation Discussion and Analysis with
    management. Based on this review and discussion, the
    compensation committee recommended to the Board that the
    Compensation Discussion and Analysis be included in this Proxy
    Statement.
</DIV>

<DIV style="margin-top: 24pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 52%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>Compensation Committee</B>
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 52%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    George E. Matelich, Chairperson
</DIV>

<DIV align="left" style="margin-left: 52%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Steve A. Nordaker
</DIV>

<DIV align="left" style="margin-left: 52%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Kenneth A. Pontarelli
</DIV>

<DIV align="left" style="margin-left: 52%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Mark E. Tomkins
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    29
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<A name='110'>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">COMPENSATION
    OF EXECUTIVE OFFICERS</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Summary
    Compensation Table</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The following table sets forth certain information with respect
    to compensation for the years ended December&#160;31, 2008, 2007
    and 2006 earned by our chief executive officer, our chief
    financial officer and our three other most highly compensated
    executive officers as of December&#160;31, 2008. As described in
    footnote 1 below, the Summary Compensation Table also includes
    certain additional executive officers. In this Proxy Statement,
    we refer to these individuals as our named executive officers.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 8pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="30%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=02 type=lead -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=02 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=02 type=hang1 -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=03 type=lead -->
    <TD width="4%" align="right">&nbsp;</TD>	<!-- colindex=03 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=03 type=hang1 -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=04 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=04 type=lead -->
    <TD width="5%" align="right">&nbsp;</TD>	<!-- colindex=04 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=04 type=hang1 -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=05 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=05 type=lead -->
    <TD width="5%" align="right">&nbsp;</TD>	<!-- colindex=05 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=05 type=hang1 -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=06 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=06 type=lead -->
    <TD width="12%" align="right">&nbsp;</TD>	<!-- colindex=06 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=06 type=hang1 -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=07 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=07 type=lead -->
    <TD width="13%" align="right">&nbsp;</TD>	<!-- colindex=07 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=07 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=08 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=08 type=lead -->
    <TD width="6%" align="right">&nbsp;</TD>	<!-- colindex=08 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=08 type=hang1 -->
</TR>
<!-- Table Width Row END -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Non-Equity<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Stock<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Incentive Plan<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>All Other<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>Name and Principal Position(1)</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Year</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Salary</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Bonus(2)</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Awards(7)</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Compensation(2)(8)</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Compensation(9)(10)</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Total</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom" style="color: #000000; background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -8pt; margin-left: 8pt">
    John J. Lipinski
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    2008
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    700,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    1,700,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    (10,231,206
</TD>
<TD nowrap align="left" valign="bottom">
    )(11)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    (7,831,206
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
</TR>
<TR valign="bottom" style="color: #000000; background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -8pt; margin-left: 16pt">
    Chief Executive Officer
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    2007
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    650,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    1,850,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    12,189,955
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    14,689,955
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="color: #000000; background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    2006
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    650,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    1,331,790
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    4,326,188
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    487,500
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    5,007,935
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    11,803,413
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -8pt; margin-left: 8pt">
    James T. Rens
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    2008
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    300,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    200,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    (2,587,415
</TD>
<TD nowrap align="left" valign="bottom">
    )(12)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    (2,087,415
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: 0pt; margin-left: 8pt">
    Chief Financial Officer
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    2007
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    250,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    400,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    2,761,144
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    3,411,144
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    2006
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    250,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    205,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    130,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    695,316
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    <B>$</B>
</TD>
<TD nowrap align="right" valign="bottom">
    <B> </B>1,280,316
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="color: #000000; background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -8pt; margin-left: 8pt">
    Kevan A. Vick
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    2008
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    225,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    180,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    (1,318,415
</TD>
<TD nowrap align="left" valign="bottom">
    )(13)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    (913,415
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
</TR>
<TR valign="bottom" style="color: #000000; background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -8pt; margin-left: 16pt">
    Executive Vice President,
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    2007
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    225,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    87,560
</TD>
<TD nowrap align="left" valign="bottom">
    (3)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    1,850,692
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    2,163,252
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="color: #000000; background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -8pt; margin-left: 16pt">
    and Fertilizer General
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    2006
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    200,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    102,558
</TD>
<TD nowrap align="left" valign="bottom">
    (4)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    104,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    155,937
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    562,495
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="color: #000000; background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -8pt; margin-left: 16pt">
    Manager
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -8pt; margin-left: 8pt">
    Wyatt E. Jernigan
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    2008
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    225,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    195,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    (1,695,815
</TD>
<TD nowrap align="left" valign="bottom">
    )(14)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    (1,275,815
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -8pt; margin-left: 16pt">
    Executive Vice President,
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    2007
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    225,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    200,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    2,123,983
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    2,548,983
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -8pt; margin-left: 16pt">
    Crude Oil Acquisition and
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    2006
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    225,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    140,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    117,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    318,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    800,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -8pt; margin-left: 16pt">
    Marketing
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="color: #000000; background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -8pt; margin-left: 8pt">
    Daniel J. Daly, Jr.&#160;
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    2008
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    220,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    176,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    (2,340,502
</TD>
<TD nowrap align="left" valign="bottom">
    )(15)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    (1,944,502
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
</TR>
<TR valign="bottom" style="color: #000000; background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -8pt; margin-left: 16pt">
    Executive Vice President,
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    2007
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    215,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    200,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    2,355,059
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    2,770,059
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="color: #000000; background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -8pt; margin-left: 16pt">
    Strategy
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    2006
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    185,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    175,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    96,200
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    714,705
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    1,170,905
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -8pt; margin-left: 8pt">
    Robert W. Haugen
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    2008
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    275,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    330,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    (2,568,077
</TD>
<TD nowrap align="left" valign="bottom">
    )(16)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    (1,963,077
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -8pt; margin-left: 16pt">
    Executive Vice President,
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    2007
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    275,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    230,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    2,822,978
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    3,327,978
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -8pt; margin-left: 16pt">
    Refining Operations
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    2006
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    225,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    205,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    117,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    695,471
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    1,242,471
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="color: #000000; background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -8pt; margin-left: 8pt">
    Edmund S. Gross
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    2008
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    225,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    225,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    (2,649,827
</TD>
<TD nowrap align="left" valign="bottom">
    )(17)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    (2,199,827
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
</TR>
<TR valign="bottom" style="color: #000000; background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -8pt; margin-left: 16pt">
    Senior Vice President
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    2007
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    185,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    325,000
</TD>
<TD nowrap align="left" valign="bottom">
    (5)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    2,007,452
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    2,517,452
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="color: #000000; background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -8pt; margin-left: 16pt">
    and General Counsel
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    2006
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    185,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    75,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    96,200
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    1,147,667
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    1,503,867
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -8pt; margin-left: 8pt">
    Stanley A. Riemann
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    2008
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    375,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    750,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    (4,110,595
</TD>
<TD nowrap align="left" valign="bottom">
    )(18)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    (2,985,595
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -8pt; margin-left: 16pt">
    Chief Operating Officer
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    2007
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    350,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    722,917
</TD>
<TD nowrap align="left" valign="bottom">
    (6)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    4,911,011
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    5,983,928
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    2006
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    350,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    772,917
</TD>
<TD nowrap align="left" valign="bottom">
    (6)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    210,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    943,789
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    2,276,706
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV style="font-size: 1pt; margin-left: 0%; width: 13%;  align: left; border-bottom: 1pt solid #000000"></DIV><!-- callerid=999 iwidth=455 length=60 -->

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>



<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD width="96%"></TD>
</TR>

<TR>
    <TD valign="top">
    (1) </TD>
    <TD></TD>
    <TD valign="bottom">
    The above table includes our chief executive officer, chief
    financial officer and the three next most highly compensated
    executive officers, calculated in accordance with the prescribed
    rules. Due to the fact that the 2008 FAS&#160;123(R) impact to
    the financial statements was negative as a result of certain
    awards being revalued at each reporting period, certain
    executive officers are included in the above table who would not
    otherwise appear (Messrs.&#160;Vick, Jernigan and Daly). As a
    result, the Company has included three additional executive
    officers who would have been the three next most highly
    compensated executive officers excluding the negative
    share-based compensation impact recorded in the financial
    statements in accordance with FAS&#160;123(R)
    (Messrs.&#160;Haugen, Gross and Riemann). For purposes of this
    Proxy Statement, we refer to the eight individuals named in the
    above table, collectively, as &#147;named executive
    officers.&#148;</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD valign="top">
    (2) </TD>
    <TD></TD>
    <TD valign="bottom">
    Bonuses are reported for the year in which they were earned,
    though they may have been paid the following year.</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD valign="top">
    (3) </TD>
    <TD></TD>
    <TD valign="bottom">
    Includes a retention bonus of $52,560.</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD valign="top">
    (4) </TD>
    <TD></TD>
    <TD valign="bottom">
    Includes a retention bonus of $52,558.</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD valign="top">
    (5) </TD>
    <TD></TD>
    <TD valign="bottom">
    Includes a bonus in the amount of $125,000 for additional work
    performed related to the flood of our facilities on
    June&#160;30, 2007.</TD>
</TR>

</TABLE>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    30
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD width="96%"></TD>
</TR>

<TR>
    <TD valign="top">
    (6) </TD>
    <TD></TD>
    <TD valign="bottom">
    Includes a retention bonus in the amount of $122,917.</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD valign="top">
    (7) </TD>
    <TD></TD>
    <TD valign="bottom">
    Reflects the amount recognized for financial statement reporting
    purposes for the fiscal years ended December&#160;31, 2006 with
    respect to shares of common stock of each of Coffeyville
    Refining&#160;&#038; Marketing, Inc. and Coffeyville Nitrogen
    Fertilizers, Inc. granted to Mr.&#160;Lipinski effective
    December&#160;28, 2006. In connection with the formation of
    Coffeyville Refining&#160;&#038; Marketing Holdings, Inc. in
    August 2007, Mr.&#160;Lipinski&#146;s shares of common stock in
    Coffeyville Refining&#160;&#038; Marketing, Inc. were exchanged
    for an equivalent number of shares of common stock in
    Coffeyville Refining&#160;&#038; Marketing Holdings, Inc. In
    connection with our initial public offering in October 2007,
    Mr.&#160;Lipinski&#146;s shares of common stock in Coffeyville
    Refining&#160;&#038; Marketing Holdings, Inc. were exchanged by
    Mr.&#160;Lipinski for 247,471&#160;shares of our common stock.</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD valign="top">
    (8) </TD>
    <TD></TD>
    <TD valign="bottom">
    Reflects cash awards to the named individuals in respect of 2006
    performance pursuant to our Variable Compensation Plan.
    Beginning in 2007, our executive officers no longer participated
    in this plan.</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD valign="top">
    (9) </TD>
    <TD></TD>
    <TD valign="bottom">
    The amounts shown include amounts representing grants of profits
    interests in CA, CA II and CA III and grants of phantom points
    in the Phantom Unit Plans and reflect the dollar amounts
    recognized for financial statement reporting purposes for the
    years ended December&#160;31, 2008, 2007 and 2006 in accordance
    with FAS&#160;123(R). The assumptions used in the calculation
    are included in the footnotes to our audited financial
    statements for the year ended December&#160;31, 2008, 2007 and
    2006 included in the Company&#146;s Annual Report on Form
    <FONT style="white-space: nowrap">10-K</FONT> filed
    on March&#160;13, 2009 and
    <FONT style="white-space: nowrap">Form&#160;10-K/A</FONT>
    filed on May&#160;8, 2008 and the Company&#146;s annual
    financial statements dated March&#160;19, 2007 included in the
    Company&#146;s registration statement on
    <FONT style="white-space: nowrap">Form&#160;S-1/A</FONT>
    filed on October&#160;16, 2007, respectively. The profits
    interests in CA, CA II and CA III and the phantom points in the
    Phantom Unit Plans are more fully described below under
    &#147;&#151;&#160;Interests in Coffeyville Acquisition LLC and
    Coffeyville Acquisition&#160;II LLC,&#148;
    &#147;&#151;&#160;Interests in Coffeyville Acquisition&#160;III
    LLC,&#148; and &#147;Coffeyville Resources, LLC Phantom Unit
    Appreciation Plan (Plan I)&#160;and Coffeyville Resources, LLC
    Phantom Unit Appreciation Plan (Plan II).&#148;</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD valign="top">
    (10) </TD>
    <TD></TD>
    <TD valign="bottom">
    The Company accounts for awards under its Phantom Unit Plans as
    liability based awards. In accordance with FAS&#160;123(R), the
    expense associated with these awards for 2008 is based on the
    current fair value of the awards which was derived from a
    probability weighted expected return method. The probability
    weighted expected return method involves a forward-looking
    analysis of possible future outcomes, the estimation of ranges
    of future and present value under each outcome and the
    application of a probability factor to each outcome in
    conjunction with the application of the current value of the
    Company&#146;s common stock price with a Black-Scholes option
    pricing formula, as remeasured at each reporting date until the
    awards vest or are otherwise settled. The profits interests are
    also remeasured at each reporting date until vested. The profits
    interests are valued under the same methodology. The value of
    these share based awards can fluctuate significantly between
    periods. As a result of the decrease in the value of the
    Company&#146;s stock during 2008, significant amounts of
    compensation expense that was recorded in prior years was
    reversed in 2008, thus resulting in the negative values noted in
    the all other compensation category.</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD valign="top">
    (11) </TD>
    <TD></TD>
    <TD valign="bottom">
    Includes (a)&#160;a Company contribution under our 401(k) plan
    in 2008, (b)&#160;the premiums paid by us on behalf of the
    executive officer with respect to our executive life insurance
    program in 2008, (c)&#160;the premiums paid by us on behalf of
    the executive officer with respect to our basic life insurance
    program, (d)&#160;profits interest in CA that were granted in
    2005 in the amount of $(5,852,534), (e)&#160;profits interest in
    CA that were granted on December&#160;29, 2006 in the amount of
    $(922,304), (f)&#160;profits interests in CA III that were
    granted in October 2007 in the amount of $(703),
    (g)&#160;profits interest in CA III that were granted in
    February 2008 in the amount of $2,542 and (h)&#160;phantom
    points granted to Mr.&#160;Lipinski during the year ended
    December&#160;31, 2006 in the amount of $(3,474,964).</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD valign="top">
    (12) </TD>
    <TD></TD>
    <TD valign="bottom">
    Includes (a)&#160;the premiums paid by us on behalf of the
    executive officer with respect to our executive life insurance
    program in 2008, (b)&#160;the premiums paid by us on behalf of
    the executive officer with respect to our basic life insurance
    program, (c)&#160;profits interests in CA granted in 2005 in the
    amount of $(1,333,614), (d)&#160;profits interests in CA III
    that were granted in October 2007 in the amount of $(131),
    (e)&#160;profits interest in CA III that were granted in
    February 2008 in the amount of $568 and (f)&#160;phantom points
    granted to Mr.&#160;Rens during the year ended December&#160;31,
    2006 in the amount of $(1,257,465).</TD>
</TR>

</TABLE>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    31
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD width="96%"></TD>
</TR>

<TR>
    <TD valign="top">
    (13) </TD>
    <TD></TD>
    <TD valign="bottom">
    Includes (a)&#160;a Company contribution under our 401(k) plan
    in 2008, (b)&#160;the premiums paid by us on behalf of the
    executive officer with respect to our executive life insurance
    program in 2008, (c)&#160;the premiums paid by us on behalf of
    the executive officer with respect to our basic life insurance
    program, (d)&#160;profits interests in CA granted in 2005 in the
    amount of $(1,333,614), (e)&#160;profits interests in CA III
    that were granted in October 2007 in the amount of $(131) and
    (f)&#160;profits interest in CA III that were granted in
    February 2008 in the amount of $506.</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD valign="top">
    (14) </TD>
    <TD></TD>
    <TD valign="bottom">
    Includes (a)&#160;a Company contribution under our 401(k) plan
    in 2008, (b)&#160;the premiums paid by us on behalf of the
    executive officer with respect to our executive life insurance
    program in 2008, (c)&#160;the premiums paid by us on behalf of
    the executive officer with respect to our basic life insurance
    program, (d)&#160;profits interests in CA granted in 2005 in the
    amount of $(1,333,614), (e)&#160;profits interests in CA III
    that were granted in October 2007 in the amount of $(131),
    (f)&#160;profits interest in CA III that were granted in
    February 2008 in the amount of $151 and (g)&#160;phantom points
    granted to Mr.&#160;Jernigan during the period ended
    December&#160;31, 2006 in the amount of $(377,240).</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD valign="top">
    (15) </TD>
    <TD></TD>
    <TD valign="bottom">
    Includes (a)&#160;a Company contribution under our 401(k) plan
    in 2008, (b)&#160;the premiums paid by us on behalf of the
    executive officer with respect to our executive life insurance
    program in 2008, (c)&#160;the premiums paid by us on behalf of
    the executive officer with respect to our basic life insurance
    program, (d)&#160;profits interests in CA granted in 2005 in the
    amount of $(961,787), (e)&#160;profits interests in CA III that
    were granted in October 2007 in the amount of $(94),
    (f)&#160;profits interest in CA III that were granted in
    February 2008 in the amount of $243 and (g)&#160;phantom points
    granted to Mr.&#160;Daly during the year ended December&#160;31,
    2006 in the amount of $(1,402,557).</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD valign="top">
    (16) </TD>
    <TD></TD>
    <TD valign="bottom">
    Includes (a)&#160;a Company contribution under our 401(k) plan
    in 2008, (b)&#160;the premiums paid by us on behalf of the
    executive officer with respect to our executive life insurance
    program in 2008, (c)&#160;the premiums paid by us on behalf of
    the executive officer with respect to our basic life insurance
    program, (d)&#160;tax
    <FONT style="white-space: nowrap">gross-up</FONT>
    reimbursement by the Company, (e)&#160;profits interests in CA
    granted in 2005 in the amount of $(1,333,614), (f)&#160;profits
    interests in CA III that were granted in October 2007 in the
    amount of $(131), (g)&#160;profits interests in CA III that were
    granted in February 2008 in the amount of $187 and
    (h)&#160;phantom points granted to Mr.&#160;Haugen during the
    year ended December&#160;31, 2006 in the amount of $(1,257,465).</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD valign="top">
    (17) </TD>
    <TD></TD>
    <TD valign="bottom">
    Includes (a)&#160;a Company contribution under our 401(k) plan
    in 2008, (b)&#160;the premiums paid by us on behalf of the
    executive officer with respect to our executive life insurance
    program in 2008, (c)&#160;the premiums paid by us on behalf of
    the executive officer with respect to our basic life insurance
    program, (d)&#160;profits interests in CA III that were granted
    in February 2008 in the amount of $303 and (f)&#160;phantom
    points granted to Mr.&#160;Gross during the periods ending
    December&#160;31, 2005 and December&#160;31, 2006 in the amount
    of $(2,666,940).</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD valign="top">
    (18) </TD>
    <TD></TD>
    <TD valign="bottom">
    Includes (a)&#160;a Company contribution under our 401(k) plan
    in 2008, (b)&#160;the premiums paid by us on behalf of the
    executive officer with respect to our executive life insurance
    program in 2008, (c)&#160;the premiums paid by us on behalf of
    the executive officer with respect to our basic life insurance
    program, (d)&#160;profits interests in CA granted in 2005 in the
    amount of $(2,597,820), (e)&#160;profits interests in CA III
    that were granted in October 2007 in the amount of $(256),
    (f)&#160;profits interest in CA III that were granted in
    February 2008 in the amount of $876 and (g)&#160;phantom points
    granted to Mr.&#160;Riemann during the year ended
    December&#160;31, 2006 in the amount of $(1,530,152).</TD>
</TR>

</TABLE>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    32
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Below is a supplemental table which presents the total cash
    compensation paid to Messrs.&#160;Lipinski, Rens, Haugen, Gross
    and Riemann for 2008. These executive officers would have been
    the named executive officers as determined under the prescribed
    rules if the negative impact of the 2008 FAS&#160;123(R) amount
    had been excluded in determining total compensation in 2008. The
    Company believes that this information is useful to our
    investors as it represents the executive officers who received
    the highest compensation during 2008.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="53%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=02 type=lead -->
    <TD width="6%" align="right">&nbsp;</TD>	<!-- colindex=02 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=02 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=03 type=lead -->
    <TD width="7%" align="right">&nbsp;</TD>	<!-- colindex=03 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=03 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=04 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=04 type=lead -->
    <TD width="8%" align="right">&nbsp;</TD>	<!-- colindex=04 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=04 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=05 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=05 type=lead -->
    <TD width="7%" align="right">&nbsp;</TD>	<!-- colindex=05 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=05 type=hang1 -->
</TR>
<!-- Table Width Row END -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Other<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>Name and Principal Position</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Salary</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Bonus</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Compensation</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Total</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    John J. Lipinski, Chief Executive Officer
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    700,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    1,700,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    16,757
</TD>
<TD nowrap align="left" valign="bottom">
    (1)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    2,416,757
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    James T. Rens, Chief Financial Officer
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    300,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    200,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    3,226
</TD>
<TD nowrap align="left" valign="bottom">
    (2)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    503,226
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Stanley A. Riemann, Chief Operating Officer
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    375,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    750,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    16,757
</TD>
<TD nowrap align="left" valign="bottom">
    (1)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    1,411,757
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Robert W. Haugen, Executive Vice President, Refining Operations
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    275,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    330,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    22,946
</TD>
<TD nowrap align="left" valign="bottom">
    (3)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    627,946
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Edmund S. Gross, Senior Vice President and General Counsel
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    225,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    225,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    16,810
</TD>
<TD nowrap align="left" valign="bottom">
    (1)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    466,810
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV style="font-size: 1pt; margin-left: 0%; width: 13%;  align: left; border-bottom: 1pt solid #000000"></DIV><!-- callerid=999 iwidth=455 length=60 -->

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>



<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

<TR>
    <TD width="2%"></TD>
    <TD width="1%"></TD>
    <TD width="97%"></TD>
</TR>

<TR>
    <TD align="right" valign="top">
    (1) </TD>
    <TD></TD>
    <TD valign="bottom">
    Includes (a)&#160;a Company contribution under our 401(k) plan
    in 2008, (b)&#160;the premiums paid by us on behalf of the
    executive officer with respect to our executive life insurance
    program in 2008 and (c)&#160;the premiums paid by us on behalf
    of the executive officer with respect to our basic life
    insurance program.</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD align="right" valign="top">
    (2) </TD>
    <TD></TD>
    <TD valign="bottom">
    Includes (a)&#160;the premiums paid by us on behalf of the
    executive officer with respect to our executive life insurance
    program in 2008 and (b)&#160;the premiums paid by us on behalf
    of the executive officer with respect to our basic life
    insurance program.</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD align="right" valign="top">
    (3) </TD>
    <TD></TD>
    <TD valign="bottom">
    Includes (a)&#160;a Company contribution under our 401(k) plan
    in 2008, (b)&#160;the premiums paid by us on behalf of the
    executive officer with respect to our executive life insurance
    program in 2008 (c)&#160;the premiums paid by us on behalf of
    the executive officer with respect to our basic life insurance
    program and (d)&#160;tax gross-up reimbursement by the Company.</TD>
</TR>

</TABLE>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Employment
    Agreements and Other Arrangements</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Employment
    Agreements</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>John J. Lipinski.</I>&#160;&#160;On July&#160;12, 2005, CRLLC
    entered into an employment agreement with Mr.&#160;Lipinski, as
    chief executive officer, which was subsequently assumed by CVR
    Energy and amended and restated effective as of January&#160;1,
    2008. The agreement has a rolling term of three years so that at
    the end of each month it automatically renews for one additional
    month, unless otherwise terminated by CVR Energy or
    Mr.&#160;Lipinski. Mr.&#160;Lipinski receives an annual base
    salary of $700,000 ($800,000 effective January&#160;1, 2009).
    Mr.&#160;Lipinski is eligible to receive a performance-based
    annual cash bonus with a target payment equal to 250% of his
    annual base salary to be based upon individual
    <FONT style="white-space: nowrap">and/or</FONT>
    Company performance criteria as established by the compensation
    committee of our Board for each fiscal year. In addition,
    Mr.&#160;Lipinski&#146;s agreement provides for certain
    severance payments that may be due following the termination of
    his employment under certain circumstances. These benefits are
    described below under &#147;&#151;&#160;Potential Payments Upon
    Termination or Change-of-Control.&#148;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>James T. Rens, Kevan A. Vick, Wyatt E. Jernigan, Daniel J.
    Daly,&#160;Jr., Robert W. Haugen, Edmund S. Gross and Stanley A.
    Riemann.</I>&#160;&#160;On July&#160;12, 2005, CRLLC entered
    into employment agreements with each of Messrs.&#160;Rens, Vick,
    Jernigan, Haugen, Gross and Riemann. The agreements were
    subsequently assumed by CVR Energy and amended and restated
    between the respective executives and CVR Energy effective as of
    December&#160;29, 2007. Mr.&#160;Daly entered into an employment
    agreement with CVR Energy on October&#160;23, 2007 and an
    amendment to such agreement on November&#160;30, 2007. The
    agreements have a term of three years and expire in December
    2010 (except for Mr.&#160;Daly&#146;s agreement which has a term
    of two years) unless otherwise terminated earlier by the
    parties. The agreements provide for an annual base salary of
    $300,000 for Mr.&#160;Rens ($330,000 effective January&#160;1,
    2009), $225,000 for Mr.&#160;Vick ($245,000 effective
    January&#160;1, 2009), $225,000 for Mr.&#160;Jernigan ($245,000
    effective January&#160;1, 2009), $220,000 for Mr.&#160;Daly
    ($245,000 effective January&#160;1, 2009), $275,000 for
    Mr.&#160;Haugen ($275,000 effective January&#160;1, 2009),
    $225,000 for Mr.&#160;Gross ($315,000
</DIV>

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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    effective January&#160;1, 2009)&#160;and $375,000 for
    Mr.&#160;Riemann ($415,000 effective January&#160;1, 2009). Each
    executive officer is eligible to receive a performance-based
    annual cash bonus to be based upon individual
    <FONT style="white-space: nowrap">and/or</FONT>
    Company performance criteria as established by the compensation
    committee of our Board for each fiscal year. The target annual
    bonus percentages for these executive officers for 2009 are as
    follows: Mr.&#160;Rens (120%), Mr.&#160;Vick (80%),
    Mr.&#160;Jernigan (100%), Mr.&#160;Daly (80%), Mr.&#160;Haugen
    (120%), Mr.&#160;Gross (80%) and Mr.&#160;Riemann (200%). In
    addition, these agreements provide for certain severance
    payments following the termination of the executive
    officers&#146; employment under certain circumstances. These
    benefits are described below under &#147;&#151;&#160;Potential
    Payments Upon Termination or Change-of-Control.&#148;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>James T. Rens Separation Agreement.</I>&#160;&#160;On
    January&#160;23, 2009 (the &#147;Effective Date&#148;),
    Mr.&#160;Rens, the Company and CRLLC entered into a Separation
    Agreement (the &#147;Separation Agreement&#148;). Under the
    Separation Agreement, Mr.&#160;Rens&#146; employment shall cease
    on the earlier to occur of (i)&#160;June&#160;30, 2009, or
    (ii)&#160;ten days after written notice from the Company that
    Mr.&#160;Rens&#146; services are no longer necessary (such date
    herein referred to as the &#147;Termination Date&#148;) (the
    period starting on the Effective Date and ending on the
    Termination Date is referred to as the &#147;Term&#148;).
    Pursuant to the Separation Agreement, the Amended and Restated
    Employment Agreement entered into between Mr.&#160;Rens and the
    Company dated December&#160;29, 2007 terminated except for
    certain provisions relating to confidential information,
    non-competition, and non-solicitation of employees or customers.
    In that regard, the period during which the non-competition
    restriction applies following Mr.&#160;Rens&#146; termination
    was reduced to three months from twelve months. During the Term,
    Mr.&#160;Rens shall continue as the Company&#146;s chief
    financial officer and perform all such duties as are customarily
    performed by someone serving in the position as chief financial
    officer, and will assist in the transition of the duties and
    responsibilities of the chief financial officer to a successor
    chief financial officer (and, if such successor is an interim
    chief financial officer, will assist in the transition of the
    duties and responsibilities to a permanent chief financial
    officer, to the extent requested by the Company&#146;s chief
    executive officer) and perform such other or additional duties
    as Mr.&#160;Rens and the Board shall mutually agree. For his
    service during the Term, Mr.&#160;Rens shall be entitled to the
    following compensation and benefits: (i)&#160;a base salary at
    an annual rate of $330,000, (ii)&#160;a cash bonus based on a
    target bonus of 120% of Mr.&#160;Rens&#146; base salary,
    pro-rated based upon the number of days Mr.&#160;Rens is
    employed by the Company during the 2009 fiscal year prior to the
    Termination Date, with the actual bonus to be based upon
    Mr.&#160;Rens&#146;
    <FONT style="white-space: nowrap">and/or</FONT> the
    Company&#146;s performance criteria established for the 2009
    fiscal year by the Compensation Committee of the Board;
    provided, however, that such bonus shall be no less than
    $330,000, pro-rated based on the number of days Mr.&#160;Rens is
    employed by the Company during the 2009 fiscal year prior to the
    Termination Date and (iii)&#160;Mr.&#160;Rens shall be eligible
    to participate in health, insurance, retirement, and other
    employee benefit plans and programs of the Company as in effect
    from time to time on the same basis as other senior executives
    of the Company. For a description of the severance benefits to
    which Mr.&#160;Rens is entitled under the Separation Agreement,
    see &#147;&#151;&#160;Potential Payments upon Termination or
    Change-of-Control.&#148;
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Interests
    in Coffeyville Acquisition LLC and Coffeyville
    Acquisition&#160;II LLC</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The following is a summary of the material terms of the LLC
    Agreements as they relate to the limited liability company
    interests granted to our named executive officers pursuant to
    those agreements as of December&#160;31, 2008. The terms of the
    LLC Agreements that relate to the common units and override
    units granted to our named executive officers are identical to
    each other.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>General.</I>&#160;&#160;The LLC Agreements provide for two
    classes of interests in the respective limited liability
    companies: (i)&#160;common units and (ii)&#160;profits
    interests, referred to as override units (which consist of both
    operating units and value units) (common units and override
    units are collectively referred to as &#147;units&#148;). The
    common units provide for voting rights and have rights with
    respect to profits and losses of and distributions from, CA and
    CA II, as applicable. Such voting rights cease, however, if the
    executive officer holding common units ceases to provide
    services to CA and CA II, as applicable, or one of its or their
    subsidiaries. The common units were issued to our named
    executive officers in the following amounts (as subsequently
    adjusted) in exchange for capital contributions in the following
    amounts: Mr.&#160;Lipinski (capital contribution of $650,000 in
    exchange for 57,446&#160;units), Mr.&#160;Rens (capital
    contribution of $250,000 in exchange for 22,095&#160;units),
    Mr.&#160;Vick (capital contribution of $250,000 in exchange for
    certain of 22,095&#160;units),
</DIV>

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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Mr.&#160;Jernigan (capital contribution of $100,000 in exchange
    for certain of 8,838&#160;units), Mr.&#160;Daly (capital
    contribution of $50,000 in exchange for certain of
    4,419&#160;units), Mr.&#160;Haugen (capital contribution of
    $100,000 in exchange for 8,838&#160;units), Mr.&#160;Gross
    (capital contribution of $30,000 in exchange for
    2,651&#160;units) and Mr.&#160;Riemann (capital contribution of
    $400,000 in exchange for 35,352&#160;units). These named
    executive officers were also granted override units, which
    consist of operating units and value units, in the following
    amounts: Mr.&#160;Lipinski (an initial grant of 315,818
    operating units and 631,637 value units and a December 2006
    grant of 72,492 operating units and 144,966 value units),
    Mr.&#160;Rens (71,965 operating units and 143,931 value units),
    Mr.&#160;Vick (71,965 operating units and 143,931 value units),
    Mr.&#160;Jernigan (71,965 operating units and 143,931 value
    units), Mr.&#160;Daly (51,901 operating units and 103,801 value
    units), Mr.&#160;Haugen (71,965 operating units and 143,931
    value units), and Mr.&#160;Riemann (140,185 operating units and
    280,371 value units). Override units have no voting rights
    attached to them, but have rights with respect to profits and
    losses of and distributions from, CA or CA II, as applicable.
    Our named executive officers were not required to make any
    capital contribution with respect to the override units;
    override units were issued only to certain members of management
    who own common units and who agreed to provide services to CA or
    CA II, as applicable.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    If all of the shares of common stock of our Company held by CA
    and CA II were sold at $4.00 per share, which was the price of
    our common stock on December&#160;31, 2008 and cash were
    distributed to members pursuant to the limited liability company
    agreements of CA and CA II, executive officers would receive a
    cash payment in respect of their override units in the following
    approximate amounts: Mr.&#160;Lipinski ($3.0&#160;million),
    Mr.&#160;Rens ($0.7&#160;million), Mr.&#160;Vick
    ($0.7&#160;million), Mr.&#160;Jernigan ($0.7&#160;million),
    Mr.&#160;Daly ($0.5&#160;million), Mr.&#160;Haugen
    ($0.7&#160;million) and Mr.&#160;Riemann ($1.3&#160;million).
    Mr.&#160;Gross does not have any override units under these
    agreements.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>Forfeiture of Override Units Upon Termination of
    Employment.</I>&#160;&#160;If a named executive officer ceases
    to provide services to CA or CA II, as applicable, or a
    subsidiary due to a termination for &#147;cause&#148; (as such
    term is defined in the LLC Agreements), the executive officer
    will forfeit all of his override units. If the executive officer
    ceases to provide services for any reason other than cause
    before the fifth anniversary of the date of grant of his
    operating units and provided that an event that is an &#147;Exit
    Event&#148; (as such term is defined in the LLC Agreements) has
    not yet occurred and there is no definitive agreement in effect
    regarding a transaction that would constitute an Exit Event,
    then (a)&#160;unless the termination was due to the executive
    officer&#146;s death or &#147;disability&#148; (as that term is
    defined in the LLC Agreements), in which case a different
    vesting schedule will apply based on when the death or
    disability occurs, all value units will be forfeited and
    (b)&#160;a percentage of the operating units will be forfeited
    according to the following schedule: if terminated before the
    second anniversary of the date of grant, 100% of operating units
    are forfeited; if terminated on or after the second anniversary
    of the date of grant, but before the third anniversary of the
    date of grant, 75% of operating units are forfeited; if
    terminated on or after the third anniversary of the date of
    grant, but before the fourth anniversary of the date of grant,
    50% of operating units are forfeited; and if terminated on or
    after the fourth anniversary of the date of grant, but before
    the fifth anniversary of the date of grant, 25% of operating
    units are forfeited.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>Adjustments to Capital Accounts;
    Distributions.</I>&#160;&#160;Each of the named executive
    officers has a capital account under which his balance is
    increased or decreased, as applicable, to reflect his allocable
    share of net income and gross income of CA or CA II, as
    applicable, the capital that the executive officer contributed,
    distributions paid to such executive officer and his allocable
    share of net loss and items of gross deduction. Value units
    owned by the named executive officers do not participate in
    distributions under the LLC Agreements until the &#147;Current
    Value&#148; is at least two times the &#147;Initial Price&#148;
    (as these terms are defined in the LLC Agreements), with full
    participation occurring when the Current Value is four times the
    Initial Price and pro rata distributions when the Current Value
    is between two and four times the Initial Price. CA and CA II
    may make distributions to their members to the extent that the
    cash available to them is in excess of the applicable
    business&#146; reasonably anticipated needs. Distributions are
    generally made to members&#146; capital accounts in proportion
    to the number of units each member holds. Distributions in
    respect of override units (both operating units and value
    units), however, will be reduced until the total reductions in
    proposed distributions in respect of the override units equals
    the Benchmark Amount (i.e., $11.31 for override units granted on
    July&#160;25, 2005 and $34.72 for Mr.&#160;Lipinski&#146;s later
    grant). The boards of directors of CA and CA II
</DIV>

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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    will determine the &#147;Benchmark Amount&#148; with respect to
    each override unit at the time of its grant. There is also a
    <FONT style="white-space: nowrap">catch-up</FONT>
    provision with respect to any value unit that was not previously
    entitled to participate in a distribution because the Current
    Value was not at least four times the Initial Price.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>Other Provisions Relating to Units.</I>&#160;&#160;The named
    executive officers are subject to transfer restrictions on their
    units, although they may make certain transfers of their units
    for estate planning purposes.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Interests
    in Coffeyville Acquisition&#160;III LLC</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    CA III, the sole owner of the managing general partner of the
    Partnership, is owned by the Goldman Sachs Funds, the Kelso
    Funds, our executive officers, Mr.&#160;Wesley Clark, Magnetite
    Asset Investors&#160;III L.L.C. and other members of our
    management. The following is a summary of the material terms of
    the CA III limited liability company agreement as they relate to
    the limited liability company interests held by our executive
    officers.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>General.</I>&#160;&#160;The CA III limited liability company
    agreement provides for two classes of interests in CA III:
    (i)&#160;common units and (ii)&#160;profits interests, which are
    referred to as override units.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The common units provide for voting rights and have rights with
    respect to profits and losses of and distributions from, CA III.
    Such voting rights cease, however, if the executive officer
    holding common units ceases to provide services to CA III or one
    of its subsidiaries. In October 2007 CVR Energy&#146;s named
    executive officers made the following capital contributions to
    CA III and received a number of CA III common units equal to
    their pro rata portion of all contributions: Mr.&#160;Lipinski
    ($68,146), Mr.&#160;Rens ($10,225), Mr.&#160;Vick ($10,225),
    Mr.&#160;Jernigan ($4,090), Mr.&#160;Daly ($2,045),
    Mr.&#160;Haugen ($4,090), Mr.&#160;Gross ($1,227) and
    Mr.&#160;Riemann ($16,360).
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Override units have no voting rights attached to them, but have
    rights with respect to profits and losses of and distributions
    from, CA III. The override units have the following terms:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    Approximately 25% of all of the override units have been awarded
    to members of our management team. These override units
    automatically vested. These units will be owned by the members
    of our management team even if they no longer perform services
    for us or are no longer employed by us. The following named
    executive officers received the following grants of this
    category of override units: Mr.&#160;Lipinski (81,250),
    Mr.&#160;Rens (16,634), Mr.&#160;Vick (13,405),
    Mr.&#160;Jernigan (14,374), Mr.&#160;Daly (13,269),
    Mr.&#160;Haugen (16,634), Mr.&#160;Gross (8,786) and
    Mr.&#160;Riemann (30,000).
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    Approximately 75% of the override units have been awarded to
    members of our management team responsible for the growth of the
    nitrogen fertilizer business. Some portion of these units may be
    awarded to members of management added in the future. These
    units vest on a five-year schedule, with 33.3% vesting on the
    third anniversary of the closing date of the Partnership&#146;s
    initial public offering (if any such offering occurs), an
    additional 33.4% vesting on the fourth anniversary of the
    closing date of such an offering and the remaining 33.3% vesting
    on the fifth anniversary of the closing date of such an
    offering. Override units are entitled to distributions whether
    or not they have vested. Management members will forfeit
    unvested units if they are no longer employed by us; however, if
    a management member has three full years of service with the
    Partnership following the completion of an initial public
    offering of the Partnership, such management member may retire
    at age&#160;62 and will be entitled to permanently retain all of
    his or her units whether or not they have vested pursuant to the
    vesting schedule described above. Units forfeited will be either
    retired or reissued to others (with a
    <FONT style="white-space: nowrap">catch-up</FONT>
    payment provision); retired units will increase the unit values
    of all other units on a pro rata basis. The following named
    executive officers received the following grants of this
    category of override units: Mr.&#160;Lipinski (219,378),
    Mr.&#160;Rens (48,750), Mr.&#160;Vick (45,000),
    Mr.&#160;Jernigan (11,250), Mr.&#160;Daly (18,750),
    Mr.&#160;Haugen (13,125), Mr.&#160;Gross (22,500) and
    Mr.&#160;Riemann (75,000).
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The override units granted to management are entitled to 15% of
    all distributions made by CA III. All vested and unvested
    override units are entitled to distributions. To the extent that
    at any time not all override units have yet been granted, the
    override units that have been granted will be entitled to the
    full 15% of all
</DIV>

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    <BR>
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    distributions (e.g., if only 90% of the override units have been
    granted, the holders of these 90% are entitled to 15% of all
    distributions).
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    A portion of the override units may be granted in the future to
    new members of management. A
    <FONT style="white-space: nowrap">catch-up</FONT>
    payment will be made to new members of management who receive
    units at a time when the current unit value has increased from
    the initial unit value.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The value of the common units and override units in CA III
    depends on the ability of the Partnership&#146;s managing
    general partner to make distributions. The managing general
    partner will not receive any distributions from the Partnership
    until the Partnership&#146;s aggregate adjusted operating
    surplus through December&#160;31, 2009 has been distributed.
    Based on the Partnership&#146;s current projections, the
    Partnership believes that the executive officers will not begin
    to receive distributions on their common and override units
    until after December&#160;31, 2012.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>Adjustments to Capital Accounts;
    Distributions.</I>&#160;&#160;Each of the executive officers has
    a capital account under which his balance is increased or
    decreased, as applicable, to reflect his allocable share of net
    income and gross income of CA III, the capital that the
    executive officer contributed, distributions paid to such
    executive officer and his allocable share of net loss and items
    of gross deduction. Override units owned by the executive
    officers do not participate in distributions under the CA III
    limited liability company agreement until the &#147;Current
    Value&#148; is at least equal to the &#147;Initial Price&#148;
    (as these terms are defined in the CA III limited liability
    company agreement). CA III may make distributions to its members
    to the extent that the cash available to it is in excess of the
    business&#146; reasonably anticipated needs. Distributions are
    generally made to members&#146; capital accounts in proportion
    to the number of units each member holds. Distributions in
    respect of override units, however, will be reduced until the
    total reductions in proposed distributions in respect of the
    override units equal the aggregate capital contributions of all
    members.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>Other Provisions Relating to CA III Units.</I>&#160;&#160;The
    executive officers are subject to transfer restrictions on their
    CA III units, although they may make certain transfers of their
    units for estate planning purposes.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Coffeyville
    Resources, LLC Phantom Unit Appreciation Plan (Plan I)&#160;and
    Coffeyville Resources, LLC Phantom Unit Appreciation Plan (Plan
    II)</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The following is a summary of the material terms of the Phantom
    Unit Plans as they relate to our named executive officers.
    Payments under the Phantom Unit Plan I are tied to distributions
    made by CA and payments under the Phantom Unit Plan&#160;II are
    tied to distributions made by CA II.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>General.</I>&#160;&#160;The Phantom Unit Plans are
    administered by the compensation committees of the boards of
    directors of CA and CA II, as applicable. The Phantom Unit Plans
    provide for two classes of interests: phantom service points and
    phantom performance points (collectively referred to as phantom
    points). Holders of the phantom service points and phantom
    performance points have the opportunity to receive a cash
    payment when distributions are made pursuant to the LLC
    Agreements in respect of operating units and value units,
    respectively. The phantom points represent a contractual right
    to receive a payment when payment is made in respect of certain
    profits interests in CA and CA II, as applicable.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Phantom points have been granted under each of the Phantom Unit
    Plans to our named executive officers in the following amounts:
    Mr.&#160;Lipinski (1,368,571 phantom service points and
    1,368,571 phantom performance points, representing approximately
    14% of the total phantom points awarded), Mr.&#160;Rens (495,238
    phantom service points and 495,238 phantom performance points,
    representing approximately 5% of the total phantom points
    awarded), Mr.&#160;Jernigan (148,571 phantom service points and
    148,751 phantom performance points, representing approximately
    2% of the total phantom points awarded), Mr.&#160;Daly (552,381
    phantom service points and 552,381 phantom performance points,
    representing approximately 6% of the total phantom points
    awarded), Mr.&#160;Haugen (495,238 phantom service points and
    495,238 phantom performance points, representing approximately
    5% of the total phantom points awarded), Mr.&#160;Gross
    (1,282,647 phantom service points and 1,282,647 phantom
    performance points, representing approximately 11% of the total
    phantom points awarded) and Mr.&#160;Riemann (596,133 phantom
    service points and 596,133 phantom performance points,
    representing approximately 6% of the total phantom points
    awarded).
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    37
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    If all of the shares of common stock of our Company held by CA
    and CA II were sold at $4.00 per share, which was the closing
    price of our common stock on December&#160;31, 2008 and cash
    were distributed to members pursuant to the LLC Agreements, our
    named executive officers would receive cash payments in respect
    of their phantom points in the following amounts:
    Mr.&#160;Lipinski ($0.5&#160;million), Mr.&#160;Rens
    ($0.2&#160;million), Mr.&#160;Jernigan ($0.1&#160;million),
    Mr.&#160;Daly ($0.2&#160;million), Mr.&#160;Haugen
    ($0.2&#160;million), Mr.&#160;Gross ($0.4&#160;million) and
    Mr.&#160;Riemann ($0.2&#160;million). The compensation
    committees of the boards of directors of CA and CA II have
    authority to make additional awards of phantom points under the
    Phantom Unit Plans.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>Phantom Point Payments.</I>&#160;&#160;Payments in respect of
    phantom service points will be made within 30&#160;days from the
    date distributions are made pursuant to the LLC Agreements in
    respect of operating units. Cash payments in respect of phantom
    performance points will be made within 30&#160;days from the
    date distributions are made pursuant to the LLC Agreements in
    respect of value units (i.e., not until the &#147;Current
    Value&#148; is at least two times the &#147;Initial Price&#148;
    (as such terms are defined in the LLC Agreements), with full
    participation occurring when the Current Value is four times the
    Initial Price and pro rata distributions when the Current Value
    is between two and four times the Initial Price). There is also
    a <FONT style="white-space: nowrap">catch-up</FONT>
    provision with respect to phantom performance points for which
    no cash payment was made because no distribution pursuant to the
    LLC Agreements was made with respect to value units.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>Other Provisions Relating to the Phantom
    Points.</I>&#160;&#160;The boards of directors of CA and CA II
    may, at any time or from time to time, amend or terminate the
    Phantom Unit Plans. If a participant&#146;s employment is
    terminated prior to an &#147;Exit Event&#148; (as such term is
    defined in the LLC Agreements), all of the participant&#146;s
    phantom points are forfeited. In conjunction with Mr.&#160;Rens
    entering into the Separation Agreement, phantom points
    previously granted to Mr.&#160;Rens under the Phantom Unit Plans
    will not be forfeited but rather 75% of the phantom service
    points shall become immediately vested and non-forfeitable as of
    the Termination Date and 50% of the phantom performance points
    shall become immediately vested and non-forfeitable for a period
    of 24&#160;months following the Termination Date. See
    &#147;&#151;&#160;Potential Payments Upon Termination or
    Change-of-Control&#148; for further discussion of the Separation
    Agreement. Phantom points are generally non-transferable (except
    by will or the laws of descent and distribution). If payment to
    a participant in respect of his phantom points would result in
    the application of the excise tax imposed under
    Section&#160;4999 of the Code, then the payment will be
    &#147;cut back&#148; only if that reduction would be more
    beneficial to the participant on an after-tax basis than if
    there were no reduction.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Outstanding
    Equity Awards at 2008 Fiscal Year-End</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="66%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=02 type=lead -->
    <TD width="11%" align="right">&nbsp;</TD>	<!-- colindex=02 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=02 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=03 type=lead -->
    <TD width="14%" align="right">&nbsp;</TD>	<!-- colindex=03 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=03 type=hang1 -->
</TR>
<!-- Table Width Row END -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="6" align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Equity Awards</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Number of Shares<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Market Value of<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>or Units of Stock<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Shares or Units of<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>That Have Not<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Stock That Have Not<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>Name</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Vested (#)(1)(2)</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Vested ($)(3)</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom" style="color: #000000; background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    John J. Lipinski
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    78,954.5
</TD>
<TD nowrap align="left" valign="bottom">
    (4)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    651,375
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="color: #000000; background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    315,818.5
</TD>
<TD nowrap align="left" valign="bottom">
    (5)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    1,010,619
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="color: #000000; background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    27,184.5
</TD>
<TD nowrap align="left" valign="bottom">
    (4)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    43,223
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="color: #000000; background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    72,483.0
</TD>
<TD nowrap align="left" valign="bottom">
    (5)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    115,248
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="color: #000000; background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    78,954.5
</TD>
<TD nowrap align="left" valign="bottom">
    (6)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    651,375
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="color: #000000; background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    315,818.5
</TD>
<TD nowrap align="left" valign="bottom">
    (7)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    1,010,619
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="color: #000000; background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    27,184.5
</TD>
<TD nowrap align="left" valign="bottom">
    (6)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    43,223
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="color: #000000; background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    72,483.0
</TD>
<TD nowrap align="left" valign="bottom">
    (7)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    115,248
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="color: #000000; background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    219,378.0
</TD>
<TD nowrap align="left" valign="bottom">
    (8)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    4,388
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="color: #000000; background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1,368,571.0
</TD>
<TD nowrap align="left" valign="bottom">
    (9)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    197,588
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="color: #000000; background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1,368,571.0
</TD>
<TD nowrap align="left" valign="bottom">
    (10)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    153,280
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="color: #000000; background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1,368,571.0
</TD>
<TD nowrap align="left" valign="bottom">
    (11)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    197,588
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="color: #000000; background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1,368,571.0
</TD>
<TD nowrap align="left" valign="bottom">
    (12)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    153,280
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
</TABLE>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    38
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="66%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=02 type=lead -->
    <TD width="11%" align="right">&nbsp;</TD>	<!-- colindex=02 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=02 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=03 type=lead -->
    <TD width="14%" align="right">&nbsp;</TD>	<!-- colindex=03 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=03 type=hang1 -->
</TR>
<!-- Table Width Row END -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="6" align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Equity Awards</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Number of Shares<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Market Value of<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>or Units of Stock<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Shares or Units of<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>That Have Not<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Stock That Have Not<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>Name</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Vested (#)(1)(2)</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Vested ($)(3)</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    James T. Rens
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    17,991.3
</TD>
<TD nowrap align="left" valign="bottom">
    (13)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    148,428
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    71,965.5
</TD>
<TD nowrap align="left" valign="bottom">
    (14)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    230,290
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    17,991.3
</TD>
<TD nowrap align="left" valign="bottom">
    (15)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    148,428
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    71,965.5
</TD>
<TD nowrap align="left" valign="bottom">
    (16)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    230,290
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    48,750.0
</TD>
<TD nowrap align="left" valign="bottom">
    (8)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    975
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    495,238.0
</TD>
<TD nowrap align="left" valign="bottom">
    (9)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    71,499
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    495,238.0
</TD>
<TD nowrap align="left" valign="bottom">
    (10)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    55,467
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    495,238.0
</TD>
<TD nowrap align="left" valign="bottom">
    (11)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    71,499
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    495,238.0
</TD>
<TD nowrap align="left" valign="bottom">
    (12)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    55,467
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="color: #000000; background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Kevan A. Vick
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    17,991.3
</TD>
<TD nowrap align="left" valign="bottom">
    (13)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    148,428
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="color: #000000; background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    71,965.5
</TD>
<TD nowrap align="left" valign="bottom">
    (14)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    230,290
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="color: #000000; background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    17,991.3
</TD>
<TD nowrap align="left" valign="bottom">
    (15)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    148,428
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="color: #000000; background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    71,965.5
</TD>
<TD nowrap align="left" valign="bottom">
    (16)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    230,290
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="color: #000000; background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    45,000.0
</TD>
<TD nowrap align="left" valign="bottom">
    (8)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    900
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Wyatt E. Jernigan
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    17,991.3
</TD>
<TD nowrap align="left" valign="bottom">
    (13)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    148,428
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    71,965.5
</TD>
<TD nowrap align="left" valign="bottom">
    (14)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    230,290
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    17,991.3
</TD>
<TD nowrap align="left" valign="bottom">
    (15)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    148,428
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    71,965.5
</TD>
<TD nowrap align="left" valign="bottom">
    (16)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    230,290
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    11,250.0
</TD>
<TD nowrap align="left" valign="bottom">
    (8)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    225
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    148,571.0
</TD>
<TD nowrap align="left" valign="bottom">
    (9)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    21,450
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    148,571.0
</TD>
<TD nowrap align="left" valign="bottom">
    (10)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    16,640
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    148,571.0
</TD>
<TD nowrap align="left" valign="bottom">
    (11)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    21,450
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    148,571.0
</TD>
<TD nowrap align="left" valign="bottom">
    (12)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    16,640
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="color: #000000; background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Daniel J. Daly, Jr.&#160;
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    12,975.3
</TD>
<TD nowrap align="left" valign="bottom">
    (13)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    107,046
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="color: #000000; background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    51,900.5
</TD>
<TD nowrap align="left" valign="bottom">
    (14)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    166,082
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="color: #000000; background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    12,975.3
</TD>
<TD nowrap align="left" valign="bottom">
    (15)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    107,046
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="color: #000000; background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    51,900.5
</TD>
<TD nowrap align="left" valign="bottom">
    (16)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    166,082
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="color: #000000; background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    18,750.0
</TD>
<TD nowrap align="left" valign="bottom">
    (8)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    375
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="color: #000000; background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    552,381.0
</TD>
<TD nowrap align="left" valign="bottom">
    (9)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    79,749
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="color: #000000; background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    552,381.0
</TD>
<TD nowrap align="left" valign="bottom">
    (10)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    61,867
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="color: #000000; background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    552,381.0
</TD>
<TD nowrap align="left" valign="bottom">
    (11)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    79,749
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="color: #000000; background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    552,381.0
</TD>
<TD nowrap align="left" valign="bottom">
    (12)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    61,867
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Robert W. Haugen
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    17,991.3
</TD>
<TD nowrap align="left" valign="bottom">
    (13)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    148,428
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    71,965.5
</TD>
<TD nowrap align="left" valign="bottom">
    (14)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    230,290
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    17,991.3
</TD>
<TD nowrap align="left" valign="bottom">
    (15)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    148,428
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    71,965.5
</TD>
<TD nowrap align="left" valign="bottom">
    (16)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    230,290
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    13,125.0
</TD>
<TD nowrap align="left" valign="bottom">
    (8)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    263
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    495,238.0
</TD>
<TD nowrap align="left" valign="bottom">
    (9)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    71,499
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    495,238.0
</TD>
<TD nowrap align="left" valign="bottom">
    (10)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    55,467
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    495,238.0
</TD>
<TD nowrap align="left" valign="bottom">
    (11)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    71,499
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    495,238.0
</TD>
<TD nowrap align="left" valign="bottom">
    (12)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    55,467
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
</TABLE>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    39
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="66%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=02 type=lead -->
    <TD width="11%" align="right">&nbsp;</TD>	<!-- colindex=02 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=02 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=03 type=lead -->
    <TD width="14%" align="right">&nbsp;</TD>	<!-- colindex=03 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=03 type=hang1 -->
</TR>
<!-- Table Width Row END -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="6" align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Equity Awards</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Number of Shares<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Market Value of<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>or Units of Stock<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Shares or Units of<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>That Have Not<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Stock That Have Not<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>Name</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Vested (#)(1)(2)</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Vested ($)(3)</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom" style="color: #000000; background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Edmund S. Gross
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    22,500.0
</TD>
<TD nowrap align="left" valign="bottom">
    (8)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    450
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="color: #000000; background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1,282,647.0
</TD>
<TD nowrap align="left" valign="bottom">
    (9)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    185,180
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="color: #000000; background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1,282,647.0
</TD>
<TD nowrap align="left" valign="bottom">
    (10)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    143,658
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="color: #000000; background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1,282,647.0
</TD>
<TD nowrap align="left" valign="bottom">
    (11)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    185,180
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="color: #000000; background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1,282,647.0
</TD>
<TD nowrap align="left" valign="bottom">
    (12)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    143,658
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Stanley A. Riemann
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    35,046.3
</TD>
<TD nowrap align="left" valign="bottom">
    (13)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    289,132
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    140,185.5
</TD>
<TD nowrap align="left" valign="bottom">
    (14)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    448,594
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    35,046.3
</TD>
<TD nowrap align="left" valign="bottom">
    (15)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    289,132
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    140,185.5
</TD>
<TD nowrap align="left" valign="bottom">
    (16)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    448,594
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    75,000.0
</TD>
<TD nowrap align="left" valign="bottom">
    (8)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    1,500
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    596,133.0
</TD>
<TD nowrap align="left" valign="bottom">
    (9)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    86,068
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    596,133.0
</TD>
<TD nowrap align="left" valign="bottom">
    (10)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    66,766
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    596,133.0
</TD>
<TD nowrap align="left" valign="bottom">
    (11)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    86,068
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    596,133.0
</TD>
<TD nowrap align="left" valign="bottom">
    (12)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    66,766
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV style="font-size: 1pt; margin-left: 0%; width: 13%;  align: left; border-bottom: 1pt solid #000000"></DIV><!-- callerid=999 iwidth=455 length=60 -->

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>



<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

<TR>
    <TD width="2%"></TD>
    <TD width="1%"></TD>
    <TD width="97%"></TD>
</TR>

<TR>
    <TD align="right" valign="top">
    (1) </TD>
    <TD></TD>
    <TD valign="bottom">
    The profits interests in CA and CA II generally vest as follows:
    operating units generally become non-forfeitable in 25% annual
    increments beginning on the second anniversary of the date of
    grant and value units are generally forfeitable upon termination
    of employment. The profits interests are more fully described
    above under &#147;&#151;&#160;Interests in Coffeyville
    Acquisition LLC and Coffeyville Acquisition&#160;II LLC.&#148;</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD align="right" valign="top">
    (2) </TD>
    <TD></TD>
    <TD valign="bottom">
    The phantom points granted pursuant to the Phantom Unit Plans
    are generally forfeitable upon termination of employment. The
    phantom points are more fully described above under
    &#147;&#151;&#160;Coffeyville Resources, LLC Phantom Unit
    Appreciation Plan (Plan I)&#160;and Coffeyville Resources, LLC
    Phantom Unit Appreciation Plan (Plan II).&#148;</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD align="right" valign="top">
    (3) </TD>
    <TD></TD>
    <TD valign="bottom">
    The dollar amounts shown reflect the fair value as of
    December&#160;31, 2008, based upon an independent third-party
    valuation using a probability weighted expected return method
    involving a forward-looking analysis of possible future
    outcomes, the estimation of ranges of future and present value
    under each outcome, and the application of a probability factor
    to each outcome in conjunction with the application of the
    current value (December&#160;31, 2008)&#160;of CVR Energy&#146;s
    common stock closing price on the NYSE with a Black-Scholes
    option pricing model formula. Assumptions used in the
    calculation of these amounts are included in footnote 3 to the
    Company&#146;s audited financial statements for the year ended
    December&#160;31, 2008 included in the Company&#146;s Annual
    Report on Form
    <FONT style="white-space: nowrap">10-K</FONT> filed
    on March&#160;13, 2009.</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD align="right" valign="top">
    (4) </TD>
    <TD></TD>
    <TD valign="bottom">
    Represents operating units in CA. These operating units have
    been transferred to trusts for the benefit of members of
    Mr.&#160;Lipinski&#146;s family.</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD align="right" valign="top">
    (5) </TD>
    <TD></TD>
    <TD valign="bottom">
    Represents value units in CA. These value units have been
    transferred to trusts for the benefit of members of
    Mr.&#160;Lipinski&#146;s family.</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD align="right" valign="top">
    (6) </TD>
    <TD></TD>
    <TD valign="bottom">
    Represents operating units in CA II. These operating units have
    been transferred to trusts for the benefit of members of
    Mr.&#160;Lipinski&#146;s family.</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD align="right" valign="top">
    (7) </TD>
    <TD></TD>
    <TD valign="bottom">
    Represents value units in CA II. These value units have been
    transferred to trusts for the benefit of members of
    Mr.&#160;Lipinski&#146;s family.</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD align="right" valign="top">
    (8) </TD>
    <TD></TD>
    <TD valign="bottom">
    Represents profits interests in CA III.</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD align="right" valign="top">
    (9) </TD>
    <TD></TD>
    <TD valign="bottom">
    Represents phantom service points under the Phantom Unit Plan I.</TD>
</TR>

</TABLE>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD width="96%"></TD>
</TR>

<TR>
    <TD align="right" valign="top">
    (10) </TD>
    <TD></TD>
    <TD valign="bottom">
    Represents phantom performance points under the Phantom Unit
    Plan I.</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD align="right" valign="top">
    (11) </TD>
    <TD></TD>
    <TD valign="bottom">
    Represents phantom service points under the Phantom Unit Plan II.</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD align="right" valign="top">
    (12) </TD>
    <TD></TD>
    <TD valign="bottom">
    Represents phantom performance points under the Phantom Unit
    Plan II.</TD>
</TR>

</TABLE>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    40
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD width="96%"></TD>
</TR>

<TR>
    <TD align="right" valign="top">
    (13) </TD>
    <TD></TD>
    <TD valign="bottom">
    Represents operating units in CA.</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD align="right" valign="top">
    (14) </TD>
    <TD></TD>
    <TD valign="bottom">
    Represents value units in CA.</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD align="right" valign="top">
    (15) </TD>
    <TD></TD>
    <TD valign="bottom">
    Represents operating units in CA II.</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD align="right" valign="top">
    (16) </TD>
    <TD></TD>
    <TD valign="bottom">
    Represents value units in CA II.</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The vesting schedules, if any, of the common units, override
    units and phantom points reflected in the table above are set
    forth in the &#147;&#151;&#160;Interests in Coffeyville
    Acquisition LLC and Coffeyville Acquisition&#160;II LLC,&#148;
    &#147;&#151;&#160;Interests in Coffeyville Acquisition&#160;III
    LLC,&#148; and &#147;Coffeyville Resources, LLC Phantom Unit
    Appreciation Plan (Plan I)&#160;and Coffeyville Resources, LLC
    Phantom Unit Appreciation Plan (Plan II),&#148; above.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Equity
    Awards Vested During Fiscal Year-Ended 2008</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="70%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=02 type=lead -->
    <TD width="11%" align="right">&nbsp;</TD>	<!-- colindex=02 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=02 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=03 type=lead -->
    <TD width="10%" align="right">&nbsp;</TD>	<!-- colindex=03 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=03 type=hang1 -->
</TR>
<!-- Table Width Row END -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="6" align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Equity Awards</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Number of Shares<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>or Units<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Acquired on<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Value Realized<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>Name</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Vesting (#)(1)(2)</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>on Vesting ($)(3)</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    John J. Lipinski
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    39,477.3
</TD>
<TD nowrap align="left" valign="bottom">
    (4)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    1,581,066
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    9,061.5
</TD>
<TD nowrap align="left" valign="bottom">
    (4)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    14,408
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    39,477.3
</TD>
<TD nowrap align="left" valign="bottom">
    (5)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    1,581,066
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    9,061.5
</TD>
<TD nowrap align="left" valign="bottom">
    (5)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    14,408
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    27,329.0
</TD>
<TD nowrap align="left" valign="bottom">
    (6)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    109
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    James T. Rens
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    8,995.6
</TD>
<TD nowrap align="left" valign="bottom">
    (7)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    360,274
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    8,995.6
</TD>
<TD nowrap align="left" valign="bottom">
    (8)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    360,274
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    6,568.0
</TD>
<TD nowrap align="left" valign="bottom">
    (9)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    26
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Kevan A. Vick
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    8,995.6
</TD>
<TD nowrap align="left" valign="bottom">
    (7)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    360,274
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    8,995.6
</TD>
<TD nowrap align="left" valign="bottom">
    (8)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    360,274
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    3,339.0
</TD>
<TD nowrap align="left" valign="bottom">
    (9)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    13
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Wyatt E. Jernigan
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    8,995.6
</TD>
<TD nowrap align="left" valign="bottom">
    (7)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    360,274
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    8,995.6
</TD>
<TD nowrap align="left" valign="bottom">
    (8)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    360,274
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    4,308.0
</TD>
<TD nowrap align="left" valign="bottom">
    (9)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    17
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Daniel J. Daly, Jr.&#160;
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    6,487.6
</TD>
<TD nowrap align="left" valign="bottom">
    (7)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    259,828
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    6,487.6
</TD>
<TD nowrap align="left" valign="bottom">
    (8)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    259,828
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    6,079.0
</TD>
<TD nowrap align="left" valign="bottom">
    (9)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    24
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Robert W. Haugen
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    8,995.6
</TD>
<TD nowrap align="left" valign="bottom">
    (7)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    360,274
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    8,995.6
</TD>
<TD nowrap align="left" valign="bottom">
    (8)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    360,274
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    6,568.0
</TD>
<TD nowrap align="left" valign="bottom">
    (9)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    26
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Edmund S. Gross
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    8,786.0
</TD>
<TD nowrap align="left" valign="bottom">
    (9)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    35
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Stanley A. Riemann
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    17,523.1
</TD>
<TD nowrap align="left" valign="bottom">
    (7)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    701,800
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    17,523.1
</TD>
<TD nowrap align="left" valign="bottom">
    (8)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    701,800
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    10,350.0
</TD>
<TD nowrap align="left" valign="bottom">
    (9)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    41
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV style="font-size: 1pt; margin-left: 0%; width: 13%;  align: left; border-bottom: 1pt solid #000000"></DIV><!-- callerid=999 iwidth=455 length=60 -->

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>



<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

<TR>
    <TD width="2%"></TD>
    <TD width="1%"></TD>
    <TD width="97%"></TD>
</TR>

<TR>
    <TD align="right" valign="top">
    (1) </TD>
    <TD></TD>
    <TD valign="bottom">
    The profits interests in CA and CA II generally vest as follows:
    operating units generally become non-forfeitable in 25% annual
    increments beginning on the second anniversary of the date of
    grant and value units are generally forfeitable upon termination
    of employment. The profits interests are more fully described
    above under &#147;&#151;&#160;Interests in Coffeyville
    Acquisition LLC and Coffeyville Acquisition&#160;II LLC.&#148;</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD align="right" valign="top">
    (2) </TD>
    <TD></TD>
    <TD valign="bottom">
    These profits interests in CA III were granted on
    February&#160;15, 2008 and automatically vested on the date of
    grant, as more fully described above under
    &#147;&#151;&#160;Interests in Coffeyville Acquisition&#160;III
    LLC.&#148;</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD align="right" valign="top">
    (3) </TD>
    <TD></TD>
    <TD valign="bottom">
    The dollar amounts shown are based on a valuation determined for
    purposes of SFAS&#160;123(R) at the relevant vesting date of the
    respective override units.</TD>
</TR>

</TABLE>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    41
</DIV><!-- END PAGE WIDTH -->
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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

<TR>
    <TD width="2%"></TD>
    <TD width="1%"></TD>
    <TD width="97%"></TD>
</TR>

<TR>
    <TD align="right" valign="top">
    (4) </TD>
    <TD></TD>
    <TD valign="bottom">
    Represents operating units in CA. These operating units have
    been transferred to trusts for the benefit of members of
    Mr.&#160;Lipinski&#146;s family.</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD align="right" valign="top">
    (5) </TD>
    <TD></TD>
    <TD valign="bottom">
    Represents operating units in CA II. These operating units have
    been transferred to trusts for the benefit of members of
    Mr.&#160;Lipinski&#146;s family.</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD align="right" valign="top">
    (6) </TD>
    <TD></TD>
    <TD valign="bottom">
    Represents profits interests in CA III. These profits interests
    have been transferred to trusts for the benefit of members of
    Mr.&#160;Lipinski&#146;s family.</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD align="right" valign="top">
    (7) </TD>
    <TD></TD>
    <TD valign="bottom">
    Represents operating units in CA.</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD align="right" valign="top">
    (8) </TD>
    <TD></TD>
    <TD valign="bottom">
    Represents operating units in CA II.</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD align="right" valign="top">
    (9) </TD>
    <TD></TD>
    <TD valign="bottom">
    Represents profits interests in CA III.</TD>
</TR>

</TABLE>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Potential
    Payments Upon Termination or Change-of-Control</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Under the terms of their respective employment agreements, the
    named executive officers may be entitled to severance and other
    benefits following the termination of their employment. These
    benefits are summarized below. The amounts of potential
    post-employment payments in the table below assume that the
    triggering event took place on December&#160;31, 2008.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In the event of a termination of employment for any reason, a
    named executive officer is entitled to any accrued amounts,
    including base salary earned but unpaid through the date of
    termination, any earned but unpaid annual bonus for completed
    fiscal years and any unreimbursed expenses (&#147;Accrued
    Amounts&#148;). If Mr.&#160;Lipinski&#146;s employment is
    terminated either by CVR Energy without cause and other than for
    disability or by Mr.&#160;Lipinski for good reason (as these
    terms are defined in Mr.&#160;Lipinski&#146;s employment
    agreement), then in addition to any Accrued Amounts,
    Mr.&#160;Lipinski is entitled to receive as severance
    (a)&#160;salary continuation for 36&#160;months and (b)&#160;the
    continuation of medical benefits for 36&#160;months at
    active-employee rates or until such time as Mr.&#160;Lipinski
    becomes eligible for medical benefits from a subsequent
    employer. If Mr.&#160;Lipinski&#146;s employment is terminated
    as a result of his disability, then in addition to any Accrued
    Amounts and any payments to be made to Mr.&#160;Lipinski under
    disability plan(s), Mr.&#160;Lipinski is entitled to
    supplemental disability payments equal to, in the aggregate,
    Mr.&#160;Lipinski&#146;s base salary as in effect immediately
    before his disability (the estimated total amount of this
    payment is set forth in the table below). Such supplemental
    disability payments will be made in installments for a period of
    36&#160;months from the date of disability. As a condition to
    receiving the above described severance payments and benefits,
    Mr.&#160;Lipinski must (a)&#160;execute, deliver and not revoke
    a general release of claims and (b)&#160;abide by restrictive
    covenants as detailed below. If Mr.&#160;Lipinski&#146;s
    employment is terminated at any time by reason of his death,
    then Mr.&#160;Lipinski&#146;s beneficiary (or his estate) will
    be paid any Accrued Amounts, and the base salary
    Mr.&#160;Lipinski would have received had he remained employed
    through the remaining term of his contract. Notwithstanding the
    foregoing, CVR Energy may, at its option, purchase insurance to
    cover the obligations with respect to either
    Mr.&#160;Lipinski&#146;s supplemental disability payments or the
    payments due to Mr.&#160;Lipinski&#146;s beneficiary or estate
    by reason of his death. Mr.&#160;Lipinski will be required to
    cooperate in obtaining such insurance. If any payments or
    distributions due to Mr.&#160;Lipinski would be subject to the
    excise tax imposed under Section&#160;4999 of the Code, then
    such payments or distributions will be &#147;cut back&#148; only
    if that reduction would be more beneficial to him on an
    after-tax basis than if there was no reduction. The estimated
    total amounts payable to Mr.&#160;Lipinski (or his beneficiary
    or estate in the event of death) in the event of termination of
    employment under the circumstances described above are set forth
    in the table below. Mr.&#160;Lipinski would solely be entitled
    to Accrued Amounts, if any, upon the termination of employment
    by the Company for cause, by him voluntarily without good
    reason, or by reason of his retirement.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The agreement requires Mr.&#160;Lipinski to abide by a perpetual
    restrictive covenant relating to non-disclosure. The agreement
    also includes covenants relating to non-solicitation and
    non-competition during Mr.&#160;Lipinski&#146;s employment term,
    and thereafter during the period he receives severance payments
    or supplemental disability payments, as applicable, or for one
    year following the end of the term (if no severance or
    disability payments are payable).
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Pursuant to their employment agreements, if the employment of
    Messrs.&#160;Rens, Vick, Jernigan, Daly, Haugen, Gross or
    Riemann is terminated either by CVR Energy without cause and
    other than for disability or
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    42
</DIV><!-- END PAGE WIDTH -->
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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    by the executive officer for good reason (as such terms are
    defined in their respective employment agreements), then the
    executive officer is entitled, in addition to any Accrued
    Amounts, to receive as severance (a)&#160;salary continuation
    for 12&#160;months (18&#160;months for Mr.&#160;Riemann) and
    (b)&#160;the continuation of medical benefits for 12&#160;months
    (18&#160;months for Mr.&#160;Riemann) at active-employee rates
    or until such time as the executive officer becomes eligible for
    medical benefits from a subsequent employer. The amount of these
    payments is set forth in the table below. As a condition to
    receiving the salary, the executives must (a)&#160;execute,
    deliver and not revoke a general release of claims and
    (b)&#160;abide by restrictive covenants as detailed below. The
    agreements provide that if any payments or distributions due to
    an executive officer would be subject to the excise tax imposed
    under Section&#160;4999 of the Code, then such payments or
    distributions will be cut back only if that reduction would be
    more beneficial to the executive officer on an after-tax basis
    than if there were no reduction. These executive officers would
    solely be entitled to Accrued Amounts, if any, upon the
    termination of employment by the Company for cause, by him
    voluntarily without good reason, or by reason of retirement,
    death or disability.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The agreements require each of the executive officers to abide
    by a perpetual restrictive covenant relating to non-disclosure.
    The agreements also include covenants relating to
    non-solicitation and non-competition during their employment
    terms and for one year following the end of the terms.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Below is a table setting forth the estimated aggregate amount of
    the payments discussed above for the executive officers assuming
    a December&#160;31, 2008 termination date (and, where
    applicable, no offset due to eligibility to receive medical
    benefits from a subsequent employer). The table assumes that the
    executive officers&#146; termination was by CVR Energy without
    cause or by the executive officers for good reason and in the
    case of Mr.&#160;Lipinski also provides information regarding
    termination in the event of disability or death.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="72%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=02 type=lead -->
    <TD width="9%" align="right">&nbsp;</TD>	<!-- colindex=02 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=02 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=03 type=lead -->
    <TD width="10%" align="right">&nbsp;</TD>	<!-- colindex=03 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=03 type=hang1 -->
</TR>
<!-- Table Width Row END -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Estimated Dollar<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Total Severance<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Value of Medical<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>Name</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Payments</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Benefits</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    John J. Lipinski (severance if terminated without cause or
    resignation for good reason)
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    2,100,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    27,013
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    John J. Lipinski (supplemental disability payments if terminated
    due to disability)
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    700,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    John J. Lipinski (death)
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    2,100,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    James T. Rens (severance if terminated without cause or
    resignation for good reason)
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    300,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    12,907
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Kevan A. Vick (severance if terminated without cause or
    resignation for good reason)
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    225,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    12,907
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Wyatt E. Jernigan (severance if terminated without cause or
    resignation for good reason)
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    225,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    4,194
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Daniel J. Daly, Jr. (severance if terminated without cause or
    resignation for good reason)
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    220,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    4,194
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Robert W. Haugen (severance if terminated without cause or
    resignation for good reason)
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    275,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    12,907
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Edmund S. Gross (severance if terminated without cause or
    resignation for good reason)
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    225,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    12,907
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Stanley A. Riemann (severance if terminated without cause or
    resignation for good reason)
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    562,500
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    13,506
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    On January&#160;23, 2009, Mr.&#160;Rens, the Company and CRLLC
    entered into the Separation Agreement. Pursuant to the
    Separation Agreement, Mr.&#160;Rens&#146; employment shall cease
    on the earlier to occur of (i)&#160;June&#160;30, 2009, or
    (ii)&#160;ten days after written notice from the Company that
    Mr.&#160;Rens&#146; services are no longer necessary. Pursuant
    to the Separation Agreement, the Amended and Restated Employment
    Agreement entered into between Mr.&#160;Rens and the Company
    dated December&#160;29, 2007 (the &#147;Employment
    Agreement&#148;) terminated except for certain provisions
    relating to confidential information, non-competition, and
    non-solicitation of employees or customers. In that regard, the
    period during which the non-competition restriction applies
    following Mr.&#160;Rens&#146; termination was reduced to three
    months from twelve months.
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    43
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    As additional consideration for performance of his duties under
    the Separation Agreement and subject to his compliance with the
    restrictive covenants contained in the Employment Agreement and
    the execution of an additional release of claims (which release
    must become effective and irrevocable within 30&#160;days
    following the Termination Date), Mr.&#160;Rens shall be paid or
    provided the following additional consideration (collectively,
    the &#147;Separation Benefits&#148;): (i)&#160;payments equal to
    $330,000; (ii)&#160;continuation of medical benefits on the same
    terms that Mr.&#160;Rens would otherwise be eligible to receive
    as an active employee of the Company for a period of
    12&#160;months following the Termination Date and, for
    6&#160;months thereafter, (and provided Mr.&#160;Rens has not
    become eligible for medical benefits from a subsequent
    employer), the Company shall reimburse Mr.&#160;Rens for any
    difference between (a)&#160;the premium he is required to pay
    for continued medical coverage under the Company&#146;s plan,
    and (b)&#160;the amount that Mr.&#160;Rens would have been
    required to pay for such coverage had he continued to be an
    active employee of the Company; and (iii)&#160;the phantom
    points previously granted to Mr.&#160;Rens under the Phantom
    Unit Plans will not be forfeited but rather 75% of the phantom
    service points shall become immediately vested and
    non-forfeitable as of the Termination Date and 50% of the
    phantom performance points shall become immediately vested and
    non-forfeitable for a period of 24&#160;months following the
    Termination Date, subject to satisfaction of the applicable
    performance conditions in the applicable plan. In the event that
    Mr.&#160;Rens breaches any provision of the Separation Agreement
    (including the provisions of the Employment Agreement that
    survive the execution of the Separation Agreement),
    Mr.&#160;Rens will immediately return to the Company any portion
    of the Separation Benefits that have been paid or provided to
    Mr.&#160;Rens, and all phantom service points and phantom
    performance points granted to Mr.&#160;Rens shall be forfeited
    as of the date of such breach.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In addition, also on January&#160;23, 2009, CA, CA II and CA III
    (collectively, the &#147;Acquisition Companies&#148; for
    purposes of this paragraph) and Mr.&#160;Rens entered into an
    LLC Unit Agreement, which provides for the treatment of the
    operating units and value units in the Acquisition Companies
    held by Mr.&#160;Rens upon the Termination Date. With respect to
    operating units, upon the Termination Date a number of operating
    units in the Acquisition Companies held by Mr.&#160;Rens shall
    become vested such that in the aggregate 75% of such operating
    units shall be vested and non-forfeitable as of the Termination
    Date. With respect to value units, upon the Termination Date a
    number of value units in the Acquisition Companies held by
    Mr.&#160;Rens shall become vested such that in the aggregate 50%
    of such value units shall be vested and non-forfeitable for a
    period of 24&#160;months following the Termination Date, subject
    to the satisfaction of applicable performance conditions. Upon
    the completion of such
    <FONT style="white-space: nowrap">24-month</FONT>
    period, if no exit event as specified in the relevant limited
    liability company agreement of the respective Acquisition
    Company has occurred (and no definitive agreement shall then be
    in effect with respect to a transaction which if consummated
    would result in an exit event), all value units shall be
    forfeited and of no further benefit to Mr.&#160;Rens. In the
    event that Mr.&#160;Rens breaches any provision of the
    Separation Agreement (including the provisions of the Employment
    Agreement that survive the execution of the Separation
    Agreement), all operating units and value units held by
    Mr.&#160;Rens shall be forfeited as of the date of such breach.
</DIV>

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    <BR>
    44
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<A name='111'>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">CERTAIN
    RELATIONSHIPS AND RELATED PARTY TRANSACTIONS</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    This section describes related party transactions between the
    Company and its directors, executive officers and 5%
    stockholders that occurred during the year ended
    December&#160;31, 2008.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Transactions
    with the Goldman Sachs Funds and the Kelso Funds</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Stockholders
    Agreement</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In October 2007, we entered into the CVR Energy Stockholders
    Agreement with CA and CA II. Pursuant to the agreement, for so
    long as CA and CA II collectively beneficially own in the
    aggregate an amount of our common stock that represents at least
    40% of our outstanding common stock, CA and CA II each have the
    right to designate two directors to our Board so long as that
    party holds an amount of our common stock that represent 20% or
    more of our outstanding common stock and one director to our
    Board so long as that party holds an amount of our common stock
    that represent less than 20% but more than 5% of our outstanding
    common stock. If CA and CA II cease to collectively beneficially
    own in the aggregate an amount of our common stock that
    represents at least 40% of our outstanding common stock, the
    foregoing rights become a nomination right and the parties to
    the CVR Energy Stockholders Agreement are not obligated to vote
    for each other&#146;s nominee. In addition, the CVR Energy
    Stockholders Agreement contains certain tag-along rights with
    respect to certain transfers (other than underwritten offerings
    to the public) of shares of common stock by the parties to the
    CVR Energy Stockholders Agreement. For so long as CA and CA II
    beneficially own in the aggregate at least 40% of our common
    stock, (i)&#160;each such stockholder that has the right to
    designate at least two directors will have the right to have at
    least one of its designated directors on any committee (other
    than the audit committee and conflicts committee), to the extent
    permitted by SEC or NYSE rules, (ii)&#160;directors designated
    by the stockholders will be a majority of each such committee
    (at least 50% in the case of the compensation committee and the
    nominating and corporate governance committee) and
    (iii)&#160;the chairman of each such committee will be a
    director designated by such stockholder.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Registration
    Rights Agreement</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In October 2007 we entered into a registration rights agreement
    with CA and CA II pursuant to which we may be required to
    register the sale of our shares held by CA and CA II and
    permitted transferees. Under the registration rights agreement,
    the Goldman Sachs Funds and the Kelso Funds each have the right
    to request that we register the sale of shares held by CA or CA
    II, as applicable, on their behalf on three occasions including
    requiring us to make available shelf registration statements
    permitting sales of shares into the market from time to time
    over an extended period. In addition, the Goldman Sachs Funds
    and the Kelso Funds have the ability to exercise certain
    piggyback registration rights with respect to their own
    securities if we elect to register any of our equity securities.
    The registration rights agreement also includes provisions
    dealing with holdback agreements, indemnification and
    contribution and allocation of expenses. All of our shares held
    by CA and CA II are entitled to these registration rights.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">J.
    Aron&#160;&#038; Company</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In June 2005 CA entered into commodity derivative contracts in
    the form of three swap agreements for the period from
    July&#160;1, 2005 through June&#160;30, 2010 with J. Aron, a
    subsidiary of The Goldman Sachs Group, Inc. (the &#147;Cash Flow
    Swap&#148;). These agreements were assigned to CRLLC, a
    subsidiary of the Company, on June&#160;24, 2005. The Cash Flow
    Swap represents approximately 57% and 14% of crude oil capacity
    for the periods January&#160;1, 2009 through June&#160;30, 2009
    and July&#160;1, 2009 through June&#160;30, 2010, respectively.
    Under the terms of our credit facility (the &#147;Credit
    Facility&#148;) and upon meeting specific requirements related
    to our leverage ratio and our credit ratings, we are permitted
    to terminate the Cash Flow Swap in 2009 and 2010. The Cash Flow
    Swap has resulted in net unrealized gains of approximately
    $253.2&#160;million for the year ended December&#160;31, 2008
    and net realized losses of $110.4&#160;million for the year
    ended December&#160;31, 2008.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    As a result of the flood and the temporary cessation of our
    Company&#146;s operations on June&#160;30, 2007, CRLLC was
    required to enter into several deferral agreements with J. Aron
    with respect to the Cash Flow
</DIV>

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    <BR>
    45
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Swap on August&#160;23, 2007. These deferral agreements deferred
    to August&#160;31, 2008 the payment of approximately
    $123.7&#160;million (plus accrued interest) which we owed to J.
    Aron.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    On July&#160;29, 2008, CRLLC entered into a revised letter
    agreement with J. Aron to defer further $87.5&#160;million of
    the deferred payment amounts under the 2007 deferral agreements
    to December&#160;15, 2008. On August&#160;29, 2008, in
    accordance with the additional deferral agreement, CRLLC paid
    $36.2&#160;million to J. Aron, as well as $7.1&#160;million in
    accrued interest as of that date resulting in a remaining
    balance of $87.5&#160;million. This principal deferred balance
    was further paid down in the amount of $15.0&#160;million in
    October, 2008. An Amended and Restated Settlement Deferral
    Letter was signed on October&#160;11, 2008 and the remaining
    balance of $72.5&#160;million at that time was further deferred
    until July&#160;31, 2009. Additional payments of
    $10.1&#160;million were paid prior to year-end, with a balance
    of $62.4&#160;million (plus accrued interest) outstanding as of
    December&#160;31, 2008. In January and February 2009, the
    Company prepaid $46.3&#160;million of the deferred obligation.
    On March&#160;2, 2009, the remaining principal balance was paid
    in full including accrued interest of $509,000, resulting in
    CRLLC being unconditionally and irrevocably released from any
    and all of its obligations under the deferral agreements. In
    addition, J. Aron agreed to release the Goldman Sachs Funds and
    the Kelso Funds from any and all of their obligations to
    guarantee the deferral payment obligations.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Also in June 2005, CRLLC entered into three interest rate swap
    agreements with J. Aron and another unrelated party who is a
    lender under our long-term debt agreements. J. Aron holds half
    of these agreements. The swap agreements converted CRLLC&#146;s
    floating-rate bank debt into 4.195% fixed rate debt. The
    notional amount under the agreement is $250&#160;million for the
    period March&#160;31, 2008 through March&#160;31, 2009. CRLLC
    pays the 4.195% fixed rate and receives a floating rate based on
    three month LIBOR rates, with payments calculated on the
    $250&#160;million notional amount. The notional amount does not
    represent actual amounts exchanged by the parties but instead
    represents the amount on which the contracts are based. The swap
    is settled quarterly and marked to market at each reporting date
    and all unrealized gains and losses are currently recognized in
    income. The mark-to-market net loss on the derivatives and
    quarterly settlements was $7.5&#160;million for the year ended
    December&#160;31, 2008.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    During 2008 we were party to a crude oil supply agreement with
    J. Aron. Under this agreement, we obtained all of the crude oil
    for our refinery through J. Aron, other than crude oil that we
    acquire in Kansas, Missouri, Oklahoma, Wyoming and all states
    adjacent thereto. We generally paid J. Aron a fixed supply
    service fee per barrel over the negotiated cost of each barrel
    of crude oil purchased. Effective December&#160;31, 2008, this
    agreement expired and we entered into a new crude oil supply
    agreement with an unrelated party.
</DIV>

<DIV style="margin-top: 9pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Credit
    Facilities</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Goldman Sachs Credit Partners L.P., an affiliate of Goldman,
    Sachs&#160;&#038; Co., is one of the lenders under our Credit
    Facility. Goldman Sachs Credit Partners is also a joint lead
    arranger and bookrunner under the Credit Facility. We paid
    Goldman Sachs Credit Partners L.P. a fee of $1.0&#160;million in
    connection with their service related to an amendment to our
    Credit Facility, which was completed on December&#160;22, 2008.
    Additionally, the Company paid a lender fee of approximately
    $52,000 to Goldman Sachs Credit Partners L.P. in conjunction
    with this amendment.
</DIV>

<DIV style="margin-top: 9pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Money
    Market Account</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    CRLLC opened a highly liquid money market account with average
    maturities of less than 90&#160;days with the Goldman Sachs Fund
    family in September 2008. As of December&#160;31, 2008, the
    balance in the account was approximately $149,000. This amount
    also represented the interest income earned for 2008.
</DIV>

<DIV style="margin-top: 9pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Guarantees</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    During 2007 one of the Goldman Sachs Funds and one of the Kelso
    Funds each guaranteed 50% of our payment obligations under the
    Cash Flow Swap in the amount of $123.7&#160;million, plus
    accrued interest. These guarantees remained in effect as of
    December&#160;31, 2008. The remaining guaranteed balance at
    December&#160;31, 2008 was $62.4&#160;million. On March&#160;2,
    2009, the remaining principal balance was paid in full including
    accrued interest. As a result, J. Aron agreed to release the
    Goldman Sachs Funds and the Kelso Fund from any and all of their
    obligations to guarantee the deferred payment obligations.
</DIV>

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    <BR>
    46
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Purchases
    From a Related Party</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    For 2008, Coffeyville Resources Refining&#160;&#038; Marketing,
    LLC, an indirect subsidiary of the Company, purchased
    approximately $1.1&#160;million of FCC additives, a catalyst,
    from INTERCAT, Inc. A director of the Company, Mr.&#160;Regis
    Lippert, is also the President, CEO, majority shareholder and a
    director of INTERCAT, Inc.
</DIV>

<DIV style="margin-top: 9pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Related
    Party Transaction Policy</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Our Board has adopted a Related Party Transaction Policy, which
    is designed to monitor and ensure the proper review, approval,
    ratification and disclosure of related party transactions
    involving us. This policy applies to any transaction,
    arrangement or relationship (or any series of similar
    transactions, arrangements or relationships) in which we were,
    are or will be a participant and the amount involved exceeds
    $100,000 and in which any related party had, has or will have a
    direct or indirect material interest. The audit committee of our
    Board must review, approve and ratify a related party
    transaction if such transaction is consistent with the Related
    Party Transaction Policy and is on terms, taken as a whole,
    which the audit committee believes are no less favorable to us
    than could be obtained in an arms-length transaction with an
    unrelated third party, unless the audit committee otherwise
    determines that the transaction is not in our best interests.
    Any related party transaction or modification of such
    transaction which our Board has approved or ratified by the
    affirmative vote of a majority of directors, who do not have a
    direct or indirect material interest in such transaction, does
    not need to be approved or ratified by our audit committee. In
    addition, related party transactions involving compensation will
    be approved by our compensation committee in lieu of our audit
    committee.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Our Board has also adopted a Conflicts of Interests Policy,
    which is designed to monitor and ensure the proper review,
    approval, ratification and disclosure of transactions between
    the Partnership and us. The policy applies to any transaction,
    arrangement or relationship (or any series of similar
    transactions, arrangements or relationships) between us or any
    of our subsidiaries, on the one hand and the Partnership, its
    managing general partner and any subsidiary of the Partnership,
    on the other hand. According to the policy, all such
    transactions must be fair and reasonable to us. If such
    transaction is expected to involve a value, over the life of
    such transaction, of less than $1&#160;million, no special
    procedures will be required. If such transaction is expected to
    involve a value of more than $1&#160;million but less than
    $5&#160;million, it is deemed to be fair and reasonable to us if
    (i)&#160;such transaction is approved by the conflicts committee
    of our Board, (ii)&#160;the terms of such transaction are no
    less favorable to us than those generally being provided to or
    available from unrelated third parties or (iii)&#160;such
    transactions, taking into account the totality of any other such
    transaction being entered into at that time between the parties
    involved (including other transaction that may be particularly
    favorable or advantageous to us), is equitable to the Company.
    If such transaction is expected to involve a value, over the
    life of such transaction, of $5&#160;million or more, it is
    deemed to be fair and reasonable to us if it has been approved
    by the conflicts committee of our Board.
</DIV>

<DIV style="margin-top: 9pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Transactions
    with CVR Partners, LP</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Background</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In October 2007, prior to our initial public offering, we
    created the Partnership. We transferred our nitrogen fertilizer
    business to the Partnership. The Partnership initially had three
    partners: a managing general partner, CVR GP, LLC, which we
    owned; a special general partner, CVR Special GP, LLC, which we
    owned; and a limited partner, CRLLC. We sold the managing
    general partner for $10.6&#160;million to CA III, a newly
    created entity owned by the Goldman Sachs Funds, the Kelso
    Funds, our executive officers, Magnetite Asset
    Investors&#160;III L.L.C. and other members of our management.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In connection with the creation of the Partnership, CVR GP, LLC,
    as the managing general partner, CRLLC, as the limited partner
    and CVR Special GP, LLC, as a general partner, entered into a
    limited partnership agreement which set forth the various rights
    and responsibilities of the partners in the Partnership. In
    addition, we entered into a number of intercompany agreements
    with the Partnership and the managing general partner which
    regulate certain business relations among us, the Partnership
    and the managing general partner.
</DIV>

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    <BR>
    47
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Contribution,
    Conveyance and Assumption Agreement</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In October 2007, the Partnership entered into a contribution,
    conveyance and assumption agreement, or the contribution
    agreement, with the Partnership&#146;s managing general partner,
    CVR Special GP, LLC (our subsidiary that holds a general partner
    interest in the Partnership) and CRLLC (our subsidiary that
    holds a limited partner interest in the Partnership). Pursuant
    to the contribution agreement, CRLLC transferred our subsidiary
    that owns the fertilizer business to the Partnership in exchange
    for (1)&#160;the issuance to CVR Special GP, LLC of 30,303,000
    special GP units, representing a 99.9% general partner interest
    in the Partnership, (2)&#160;the issuance to CRLLC of 30,333
    special LP units, representing a 0.1% limited partner interest
    in the Partnership, (3)&#160;the issuance to the managing
    general partner of the managing general partner interest in the
    Partnership and (4)&#160;the agreement by the Partnership,
    contingent upon the Partnership consummating an initial public
    or private offering, to reimburse us for capital expenditures we
    incurred during the two year period prior to the sale of the
    managing general partner to CA III, in connection with the
    operations of the fertilizer plant. The Partnership assumed all
    liabilities arising out of or related to the ownership of the
    fertilizer business to the extent arising or accruing on and
    after the date of transfer.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Feedstock
    and Shared Services Agreement</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In October 2007, we entered into a feedstock and shared services
    agreement with the Partnership under which we and the
    Partnership agreed to provide feedstock and other services to
    each other. These feedstocks and services are utilized in the
    respective production processes of our refinery and the
    Partnership&#146;s nitrogen fertilizer plant. Feedstocks
    provided under the agreement include, among others, hydrogen,
    high-pressure steam, nitrogen, instrument air, oxygen and
    natural gas. The agreement has an initial term of 20&#160;years.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Coke
    Supply Agreement</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    We entered into a coke supply agreement with the Partnership in
    October 2007 pursuant to which we supply pet coke to the
    Partnership. This agreement provides that we must deliver to the
    Partnership during each calendar year an annual required amount
    of pet coke equal to the lesser of (i)&#160;100&#160;percent of
    the pet coke produced at our petroleum refinery or
    (ii)&#160;500,000 tons of pet coke. The Partnership is also
    obligated to purchase this annual required amount. If during a
    calendar month we produce more than 41,667 tons of pet coke,
    then the Partnership has the option to purchase the excess at
    the purchase price provided for in the agreement. If the
    Partnership declines to exercise this option, we may sell the
    excess to a third party. The agreement has an initial term of
    20&#160;years.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The price which the Partnership pays for the pet coke is based
    on the lesser of a coke price derived from the price received by
    the Partnership for UAN (subject to a UAN-based price ceiling
    and floor) and a coke index price but in no event will the pet
    coke price be less than zero. The Partnership also pays any
    taxes associated with the sale, purchase, transportation,
    delivery, storage or consumption of the pet coke. The
    Partnership is entitled to offset any amount payable for the pet
    coke against any amount due from us under the feedstock and
    shared services agreement between the parties.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Partnership may be obligated to provide security for its
    payment obligations under the agreement if in our sole judgment
    there is a material adverse change in the Partnership&#146;s
    financial condition or liquidity position or in the
    Partnership&#146;s ability to make payments. This security shall
    not exceed an amount equal to 21 times the average daily dollar
    value of pet coke purchased by the Partnership for the
    <FONT style="white-space: nowrap">90-day</FONT>
    period preceding the date on which we give notice to the
    Partnership that we have deemed that a material adverse change
    has occurred.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Raw
    Water and Facilities Sharing Agreement</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    We entered into a raw water and facilities sharing agreement
    with the Partnership in October 2007 which (i)&#160;provides for
    the allocation of raw water resources between our refinery and
    the Partnership&#146;s nitrogen fertilizer plant and
    (ii)&#160;provides for the management of the water intake system
    (consisting primarily of a water intake structure, water pumps,
    meters and a short run of piping between the intake structure
    and the origin of the separate pipes that transport the water to
    each facility) which draws raw water from the Verdigris
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    48
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    River for both our facility and the Partnership&#146;s nitrogen
    fertilizer plant. This agreement provides that a water
    management team consisting of one representative from each party
    to the agreement will manage the Verdigris River water intake
    system. The water intake system is owned and operated by us. The
    agreement provides that both companies have an undivided
    one-half interest in the water rights which will allow the water
    to be removed from the Verdigris River for use at our refinery
    and the Partnership&#146;s nitrogen fertilizer plant.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The agreement provides that both the Partnership&#146;s nitrogen
    fertilizer plant and our refinery are entitled to receive
    sufficient amounts of water from the Verdigris River each day to
    enable them to conduct their businesses at their appropriate
    operational levels. However, if the amount of water available
    from the Verdigris River is insufficient to satisfy the
    operational requirements of both facilities, then such water
    shall be allocated between the two facilities on a prorated
    basis. This prorated basis will be determined by calculating the
    percentage of water used by each facility over the two calendar
    years prior to the shortage, making appropriate adjustments for
    any operational outages involving either of the two facilities.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The term of the agreement is perpetual unless (1)&#160;the
    agreement is terminated by either party upon three years&#146;
    prior written notice or (2)&#160;the agreement is otherwise
    terminated by the mutual written consent of the parties.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Cross-Easement
    Agreement</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    We entered into a cross-easement agreement with the Partnership
    in October 2007 so that both we and the Partnership can access
    and utilize each other&#146;s land in certain circumstances in
    order to operate our respective businesses. The agreement grants
    easements for the benefit of both parties and establishes
    easements for operational facilities, pipelines, equipment,
    access and water rights, among other easements. The intent of
    the agreement is to structure easements which provides
    flexibility for both parties to develop their respective
    properties, without depriving either party of the benefits
    associated with the continuous reasonable use of the other
    party&#146;s property.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Lease
    Agreement</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    We have entered into a five-year lease agreement with the
    Partnership under which we lease certain office and laboratory
    space to the Partnership. This agreement expires in October 2012.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Environmental
    Agreement</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    We entered into an environmental agreement with the Partnership
    in October 2007 which provides for certain indemnification and
    access rights in connection with environmental matters affecting
    our refinery and the Partnership&#146;s nitrogen fertilizer
    plant. Generally, both we and the Partnership agreed to
    indemnify and defend each other and each other&#146;s affiliates
    against liabilities associated with certain hazardous materials
    and violations of environmental laws that are a result of or
    caused by the indemnifying party&#146;s actions or business
    operations. This obligation extends to indemnification for
    liabilities arising out of off-site disposal of certain
    hazardous materials. Indemnification obligations of the parties
    will be reduced by applicable amounts recovered by an
    indemnified party from third parties or from insurance coverage.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    To the extent that one party&#146;s property experiences
    environmental contamination due to the activities of the other
    party and the contamination is known at the time the agreement
    was entered into, the contaminating party is required to
    implement all government-mandated environmental activities
    relating to the contamination, or else indemnify the
    property-owning party for expenses incurred in connection with
    implementing such measures.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    To the extent that liability arises from environmental
    contamination that is caused by us but is also commingled with
    environmental contamination caused by the Partnership, we may
    elect in our sole discretion and at our own cost and expense to
    perform government-mandated environmental activities relating to
    such liability, subject to certain conditions and provided that
    we will not waive any rights to indemnification or compensation
    otherwise provided for in the agreement.
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    49
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The agreement also addresses situations in which a party&#146;s
    responsibility to implement such government-mandated
    environmental activities as described above may be hindered by
    the property-owning party&#146;s creation of capital
    improvements on the property. If a contaminating party bears
    such responsibility but the property-owning party desires to
    implement a planned and approved capital improvement project on
    its property, the parties must meet and attempt to develop a
    soil management plan together. If the parties are unable to
    agree on a soil management plan 30&#160;days after receiving
    notice, the property-owning party may proceed with its own
    commercially reasonable soil management plan. The contaminating
    party is responsible for the costs of disposing of hazardous
    materials pursuant to such plan.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    If the property-owning party needs to do work that is not a
    planned and approved capital improvement project but is
    necessary to protect the environment, health, or the integrity
    of the property, other procedures will be implemented. If the
    contaminating party still bears responsibility to implement
    government-mandated environmental activities relating to the
    property and the property-owning party discovers contamination
    caused by the other party during work on the capital improvement
    project, the property-owning party will give the contaminating
    party prompt notice after discovery of the contamination and
    will allow the contaminating party to inspect the property. If
    the contaminating party accepts responsibility for the
    contamination, it may proceed with government-mandated
    environmental activities relating to the contamination and it
    will be responsible for the costs of disposing of hazardous
    materials relating to the contamination. If the contaminating
    party does not accept responsibility for such contamination or
    fails to diligently proceed with government-mandated
    environmental activities related to the contamination, then the
    contaminating party must indemnify and reimburse the
    property-owning party upon the property-owning party&#146;s
    demand for costs and expenses incurred by the property-owning
    party in proceeding with such government-mandated environmental
    activities.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Omnibus
    Agreement</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    We entered into an omnibus agreement with the managing general
    partner and the Partnership in October 2007. The following
    discussion describes the material terms of the omnibus agreement.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Under the omnibus agreement the Partnership has agreed not to
    and will cause its controlled affiliates not to, engage in,
    whether by acquisition or otherwise, (i)&#160;the ownership or
    operation within the United States of any refinery with
    processing capacity greater than 20,000&#160;barrels per day
    whose primary business is producing transportation fuels or
    (ii)&#160;the ownership or operation outside the United States
    of any refinery, regardless of its processing capacity or
    primary business, or a refinery restricted business, in either
    case, for so long as we continue to own at least 50% of the
    Partnership&#146;s outstanding units. The restrictions will not
    apply to:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    any refinery restricted business acquired as part of a business
    or package of assets if a majority of the value of the total
    assets or business acquired is not attributable to a refinery
    restricted business, as determined in good faith by the managing
    general partner&#146;s board of directors; however, if at any
    time the Partnership completes such an acquisition, the
    Partnership must, within 365&#160;days of the closing of the
    transaction, offer to sell the refinery-related assets to us for
    their fair market value plus any additional tax or other similar
    costs that would be required to transfer the refinery-related
    assets to us separately from the acquired business or package of
    assets;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    engaging in any refinery restricted business subject to the
    offer to us described in the immediately preceding bullet point
    pending our determination whether to accept such offer and
    pending the closing of any offers we accept;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    engaging in any refinery restricted business if we have
    previously advised the Partnership that our Board has elected
    not to cause us to acquire or seek to acquire such
    business;&#160;or
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    acquiring up to 9.9% of any class of securities of any publicly
    traded company that engages in any refinery restricted business.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Under the omnibus agreement, we have agreed not to and will
    cause our controlled affiliates other than the Partnership not
    to, engage in, whether by acquisition or otherwise, the
    production, transportation or distribution, on a wholesale
    basis, of fertilizer in the contiguous United States, or a
    fertilizer restricted
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    50
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    business, for so long as we and certain of our affiliates
    continue to own at least 50% of the Partnership&#146;s
    outstanding units. The restrictions do not apply to:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    any fertilizer restricted business acquired as part of a
    business or package of assets if a majority of the value of the
    total assets or business acquired is not attributable to a
    fertilizer restricted business, as determined in good faith by
    our Board, as applicable; however, if at any time we complete
    such an acquisition, we must, within 365&#160;days of the
    closing of the transaction, offer to sell the fertilizer-related
    assets to the Partnership for their fair market value plus any
    additional tax or other similar costs that would be required to
    transfer the fertilizer-related assets to the Partnership
    separately from the acquired business or package of assets;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    engaging in any fertilizer restricted business subject to the
    offer to the Partnership described in the immediately preceding
    bullet point pending the Partnership&#146;s determination
    whether to accept such offer and pending the closing of any
    offers the Partnership accepts;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    engaging in any fertilizer restricted business if the
    Partnership has previously advised us that it has elected not to
    acquire such business;&#160;or
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    acquiring up to 9.9% of any class of securities of any publicly
    traded company that engages in any fertilizer restricted
    business.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Under the omnibus agreement we have also agreed that the
    Partnership has a preferential right to acquire any assets or
    group of assets that do not constitute (i)&#160;assets used in a
    refinery restricted business or (ii)&#160;assets used in a
    fertilizer restricted business. In determining whether to cause
    the Partnership to exercise any preferential right under the
    omnibus agreement, the managing general partner will be
    permitted to act in its sole discretion, without any fiduciary
    obligation to the Partnership or the unitholders whatsoever
    (including us). These obligations will continue until such time
    as we and certain of our affiliates cease to own at least 50% of
    the Partnership&#146;s outstanding units.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Services
    Agreement</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    We entered into a services agreement with the Partnership and
    the managing general partner of the Partnership in October 2007
    pursuant to which we provide certain management and other
    services to the Partnership and the managing general partner of
    the Partnership. Under this agreement, the managing general
    partner of the Partnership engaged us to conduct the day-to-day
    business operations of the Partnership. We provide the
    Partnership with the following services under the agreement,
    among others:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    services by our employees in capacities equivalent to the
    capacities of corporate executive officers, except that those
    who serve in such capacities under the agreement shall serve the
    Partnership on a shared, part-time basis only, unless we and the
    Partnership agree otherwise;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    administrative and professional services, including legal,
    accounting services, human resources, insurance, tax, credit,
    finance, government affairs and regulatory affairs;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    management of the property of the Partnership and the property
    of the Partnership&#146;s operating subsidiary in the ordinary
    course of business;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    recommendations on capital raising activities to the board of
    directors of the managing general partner of the Partnership,
    including the issuance of debt or equity interests, the entry
    into credit facilities and other capital market transactions;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    managing or overseeing litigation and administrative or
    regulatory proceedings and establishing appropriate insurance
    policies for the Partnership and providing safety and
    environmental advice;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    recommending the payment of distributions;&#160;and
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    managing or providing advice for other projects, including
    acquisitions, as may be agreed by us and the managing general
    partner of the Partnership from time to time.
</TD>
</TR>

</TABLE>

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    <BR>
    51
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    As payment for services provided under the agreement, the
    Partnership, the managing general partner of the Partnership, or
    CRNF, the Partnership&#146;s operating subsidiary, must pay us
    (i)&#160;all costs incurred by us in connection with the
    employment of our employees, other than administrative
    personnel, who provide services to the Partnership under the
    agreement on a full-time basis, but excluding share-based
    compensation; (ii)&#160;a prorated share of costs incurred by us
    in connection with the employment of our employees, other than
    administrative personnel, who provide services to the
    Partnership under the agreement on a part-time basis, but
    excluding share-based compensation and such prorated share shall
    be determined by us on a commercially reasonable basis, based on
    the percent of total working time that such shared personnel are
    engaged in performing services for the Partnership; (iii)&#160;a
    prorated share of certain administrative costs, including
    payroll, office costs, services by outside vendors, other sales,
    general and administrative costs and depreciation and
    amortization; and (iv)&#160;various other administrative costs
    in accordance with the terms of the agreement, including travel,
    insurance, legal and audit services, government and public
    relations and bank charges. The Partnership must pay us within
    15&#160;days for invoices we submit under the agreement.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Partnership and its managing general partner are not
    required to pay any compensation, salaries, bonuses or benefits
    to any of our employees who provide services to the Partnership
    or its managing general partner on a full-time or part-time
    basis; we will continue to pay their compensation. However,
    personnel performing the actual day-to-day business and
    operations at the nitrogen fertilizer plant level will be
    employed directly by the Partnership and its subsidiaries and
    the Partnership will bear all personnel costs for these
    employees.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    For the year ended December&#160;31, 2008, the total amount paid
    or payable to us pursuant to the services agreement was
    $13.2&#160;million.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Registration
    Rights Agreement</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    We entered into a registration rights agreement with the
    Partnership in October 2007 pursuant to which the Partnership
    may be required to register the sale of our units (as well as
    any common units issuable upon conversion of units held by us).
    Under the registration rights agreement, following the
    Partnership&#146;s initial public offering, if any, we will have
    the right to request that the Partnership register the sale of
    units held by us (and the common units issuable upon conversion
    of units held by us) on our behalf on three occasions including
    requiring the Partnership to make available shelf registration
    statements permitting sales of common units into the market from
    time to time over an extended period. In addition, we have the
    ability to exercise certain piggyback registration rights with
    respect to our own securities if the Partnership elects to
    register any of its equity interests. Our piggyback registration
    rights will not apply to the Partnership&#146;s initial public
    offering, if any. The registration rights agreement also
    includes provisions dealing with holdback agreements,
    indemnification and contribution and allocation of expenses. All
    of the Partnership&#146;s units held by us will be entitled to
    these registration rights.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Limited
    Partnership Agreement</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In October 2007 the managing general partner, the special
    general partner and the limited partner entered into a limited
    partnership agreement which governs the relations among the
    parties. The following description of certain terms of the
    limited partnership agreement is qualified by reference to the
    terms of the actual partnership agreement, which has been filed
    as an exhibit to our annual report on
    <FONT style="white-space: nowrap">Form&#160;10-K.</FONT>
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <I><U><FONT style="font-family: 'Times New Roman', Times">Description
    of Partnership Interests</FONT></U></I>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The partnership agreement provides that initially the
    Partnership has three types of partnership interests:
    (1)&#160;special GP units, representing special general partner
    interests, which are owned by the special general partner,
    (2)&#160;special LP units, representing a limited partner
    interest, which are owned by CRLLC and (3)&#160;a managing
    general partner interest which has associated incentive
    distribution rights, or IDRs, which are held by the managing
    general partner.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>Special units.</I>&#160;&#160;The special units include
    special GP units and special LP units. We indirectly own all
    30,303,000 special GP units and all 30,333 special LP units. The
    special GP units are special general partner
</DIV>

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    <BR>
    52
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    interests giving the holder thereof specified joint management
    rights (which we refer to as special GP rights), including
    rights with respect to the appointment, termination and
    compensation of the chief executive officer and the chief
    financial officer of the managing general partner and entitling
    the holder to participate in Partnership distributions and
    allocations of income and loss. Special LP units have identical
    voting and distribution rights as the special GP units, but
    represent limited partner interests in the Partnership and do
    not give the holder thereof the special GP rights.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In accordance with the partnership agreement, the special units
    are entitled to payment of a set target distribution of $0.4313
    per unit ($13.1&#160;million in the aggregate for all our
    special units each quarter), or $1.7252 per unit on an
    annualized basis ($52.3&#160;million in the aggregate for all
    our special units annually), prior to the payment of any
    quarterly distribution in respect of the IDRs. We are permitted
    to sell the special units at any time without the consent of the
    managing general partner, subject to compliance with applicable
    securities laws, but upon any sale of special GP units to an
    unrelated third party the special GP rights will no longer apply
    to such units.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>Managing general partner interest.</I>&#160;&#160;The
    managing general partner interest, which is held solely by the
    managing general partner, entitles the holder to manage (subject
    to our special GP rights) the business and operations of the
    Partnership, but does not entitle the holder to participate in
    Partnership distributions or allocations except in respect of
    associated incentive distribution rights, or IDRs. IDRs
    represent the right to receive an increasing percentage of
    quarterly distributions of available cash from operating surplus
    after the target distribution ($0.4313 per unit per quarter) has
    been paid and following distribution of the aggregate adjusted
    operating surplus generated by the Partnership during the period
    from its formation through December&#160;31, 2009 to the special
    units <FONT style="white-space: nowrap">and/or</FONT>
    the common and subordinated units (if issued). In addition,
    there can be no distributions paid on the managing general
    partner&#146;s IDRs for so long as the Partnership or its
    subsidiaries are guarantors under our Credit Facility. The IDRs
    are not transferable apart from the general partner interest.
    The managing general partner can be sold without the consent of
    other partners in the Partnership.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <I><U><FONT style="font-family: 'Times New Roman', Times">Provisions
    Regarding an Initial Offering by the Partnership</FONT></U></I>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Under the partnership agreement and related agreements, the
    managing general partner has the sole discretion to cause the
    Partnership to undertake an initial private or public offering,
    subject to our joint management rights (as holder of the special
    GP rights, described below) if the offering involves the
    issuance of more than $200&#160;million of the
    Partnership&#146;s interests (exclusive of the
    underwriters&#146; overallotment option, if any).
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The partnership agreement prohibits the Partnership&#146;s
    managing general partner from causing the Partnership to
    undertake or consummate an initial offering unless the board of
    directors of the managing general partner determines, after
    consultation with us, that the Partnership will likely be able
    to earn and pay the minimum quarterly distribution (which is
    currently set at $0.375 per unit) on all units for each of the
    two consecutive, nonoverlapping four-quarter periods following
    the initial offering. If the managing general partner determines
    that the Partnership is not likely to be able to earn and pay
    the minimum quarterly distribution for such periods, the
    managing general partner may, in its sole discretion and
    effective upon closing of the initial offering, reduce the
    minimum quarterly distribution to an amount it determines to be
    appropriate and likely to be earned and paid during such periods.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The contribution agreement also provides that if the initial
    offering is not consummated by October 2009, the managing
    general partner can require us to purchase the managing general
    partner interest. This put right expires on the earlier of
    (1)&#160;October 2012 and (2)&#160;the closing of the
    Partnership&#146;s initial offering. If the Partnership&#146;s
    initial offering is not consummated by October 2012, we have the
    right to require the managing general partner to sell the
    managing general partner interest to us. This call right expires
    on the closing of the Partnership&#146;s initial offering. In
    the event of an exercise of a put right or a call right, the
    purchase price will be the fair market value of the managing
    general partner interest at the time of purchase. The fair
    market value will be determined by an independent investment
    banking firm selected by us and the managing general partner.
    The independent investment banking firm may consider the value
    of the Partnership&#146;s assets, the rights
</DIV>

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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    and obligations of the managing general partner and other
    factors it may deem relevant but the fair market value shall not
    include any control premium.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <I><U><FONT style="font-family: 'Times New Roman', Times">Management
    of the Partnership</FONT></U></I>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The managing general partner manages the Partnership&#146;s
    operations and activities, subject to our joint management
    rights, as specified in the partnership agreement. Among other
    things, the managing general partner has sole authority to
    effect an initial public or private offering of the Partnership,
    including the right to determine the timing, size (subject to
    our consent rights for any initial offering in excess of
    $200&#160;million, exclusive of the underwriters&#146;
    overallotment option, if any) and underwriters or initial
    purchasers, if any, for any initial offering. The
    Partnership&#146;s managing general partner is wholly-owned by
    an entity controlled by the Goldman Sachs Funds, the Kelso Funds
    and certain members of our senior management team. The
    operations of the managing general partner, in its capacity as
    the managing general partner of the Partnership, are managed by
    its board of directors. As of December&#160;31, 2008, the board
    of directors of the managing general partner consisted of John
    J. Lipinski, Scott L. Lebovitz, George E. Matelich, Stanley de
    J. Osborne, Kenneth A. Pontarelli and two independent directors.
    Actions by the managing general partner that are made in its
    individual capacity will be made by the sole member of the
    managing general partner and not by its board of directors. The
    managing general partner is not elected by the unitholders or us
    and is not subject to re-election on a regular basis in the
    future. The officers of the managing general partner will manage
    the day-to-day affairs of the Partnership&#146;s business.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The special general partner, which we own, has special
    management rights. The special management rights will terminate
    if we cease to own 15% of more of all units of the Partnership.
    Our management rights include:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    appointment rights and consent rights for the termination of
    employment and compensation of the chief executive officer and
    chief financial officer of the managing general partner, not to
    be exercised unreasonably (our approval for appointment of an
    officer is deemed given if the officer is an executive officer
    of CVR Energy);
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    the right to appoint two directors to the board of directors of
    the managing general partner and one such director to any
    committee thereof (subject to certain exceptions);
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    consent rights over any merger by the Partnership into another
    entity where:
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="6%"></TD>
    <TD width="2%"></TD>
    <TD width="92%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    for so long as we own 50% or more of all units of the
    Partnership immediately prior to the merger, less than 60% of
    the equity interests of the resulting entity are owned by the
    pre-merger unitholders of the Partnership;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    for so long as we own 25% or more of all units of the
    Partnership immediately prior to the merger, less than 50% of
    the equity interests of the resulting entity are owned by the
    pre-merger unitholders of the Partnership;&#160;and
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    for so long as we own more than 15% of all of the units of the
    Partnership immediately prior to the merger, less than 40% of
    the equity interests of the resulting entity are owned by the
    pre-merger unitholders of the Partnership;
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    consent rights over any fundamental change in the conduct of the
    Partnership&#146;s business;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    consent rights over any purchase or sale, exchange or other
    transfer of assets or entities with a purchase/sale price equal
    to 50% or more of the Partnership&#146;s asset value;&#160;and
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    consent rights over any incurrence of indebtedness or issuance
    of Partnership interests with rights to distribution or in
    liquidation ranking prior or senior to our units, in either case
    in excess of $125&#160;million ($200&#160;million in the case of
    the Partnership&#146;s initial public or private offering,
    exclusive of the underwriters&#146; overallotment option, if
    any), increased by 80% of the purchase price for assets or
    entities whose purchase was approved by us as described in the
    immediately preceding bullet point.
</TD>
</TR>

</TABLE>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    54
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <I><U><FONT style="font-family: 'Times New Roman', Times">Cash
    Distributions by the Partnership</FONT></U></I>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    During 2008, the Partnership distributed $50,000,000 to CRLLC.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>Available Cash.</I>&#160;&#160;The partnership agreement
    requires the Partnership to make quarterly distributions of 100%
    of its &#147;available cash.&#148; Available cash generally
    means, for each fiscal quarter, all cash on hand at the end of
    the quarter
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    less the amount of cash reserves established by the managing
    general partner to:
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="6%"></TD>
    <TD width="2%"></TD>
    <TD width="92%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    provide for the proper conduct of the Partnership&#146;s
    business (including the satisfaction of obligations in respect
    of pre-paid fertilizer contracts, future capital expenditures,
    anticipated future credit needs and the payment of expenses and
    fees, including payments to the managing general partner);
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    comply with applicable law or any loan agreement, security
    agreement, mortgage, debt instrument or other agreement or
    obligation to which the Partnership or any of its subsidiaries
    is a party or by which the Partnership is bound or its assets
    are subject;&#160;and
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    provide funds for distributions in respect of any one or more of
    the next eight quarters, provided, however, that following an
    initial public offering of the Partnership, the managing general
    partner may not establish cash reserves pursuant to this clause
    if the effect of such reserves would be that the Partnership
    would be unable to distribute the minimum quarterly distribution
    on all common units and any cumulative common unit arrearages
    thereon with respect to any such quarter;
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    plus all cash on hand on the date of determination of available
    cash for the quarter resulting from working capital borrowings
    made after the end of the quarter. Working capital borrowings
    are generally borrowings that are used solely for working
    capital purposes or to make distributions to partners.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Cash distributions will be made within 45&#160;days after the
    end of each quarter. The amount of distributions paid by the
    Partnership and the decision to make any distribution will be
    determined by the managing general partner, taking into
    consideration the terms of the partnership agreement.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Prior to the earlier to occur of (i)&#160;such time as the
    limitations described below in &#147;&#151;&#160;Non-IDR surplus
    amount&#148; no longer apply, after which time available cash
    from operating surplus could be distributed in respect of the
    IDRs, assuming each unit has received at least the first target
    distribution, as described below and (ii)&#160;an initial
    offering by the Partnership, after which there will be limited
    partners to whom available cash could be distributed, all
    available cash is distributed to us, as holder of the special
    units.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>Operating Surplus and Capital Surplus.</I>&#160;&#160;All
    cash distributed by the Partnership will be characterized either
    as operating surplus or capital surplus. The Partnership will
    distribute available cash from operating surplus differently
    than available cash from capital surplus.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>Definition of Operating Surplus.</I>&#160;&#160;Operating
    surplus for any period generally consists of:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    $60&#160;million (as described below); plus
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    all of the Partnership&#146;s cash receipts after formation
    (reset to the date of the Partnership&#146;s initial offering if
    an initial offering occurs), excluding cash from &#147;interim
    capital transactions&#148; (as described below); plus
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    working capital borrowings made after the end of a quarter but
    before the date of determination of operating surplus for the
    quarter; plus
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    cash distributions paid on equity interests issued by the
    Partnership to finance all or any portion of the construction,
    expansion or improvement of the Partnership&#146;s facilities
    during the period from such financing until the earlier to occur
    of the date the capital asset is put into service or the date it
    is abandoned or disposed of; plus
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    cash distributions paid on equity interests issued by the
    Partnership to pay the construction period interest on debt
    incurred, or to pay construction period distributions on equity
    issued, to finance the construction, expansion and improvement
    projects referred to above; less
</TD>
</TR>

</TABLE>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    55
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    all of the Partnership&#146;s &#147;operating expenditures&#148;
    (as defined below) after formation (reset to the date of closing
    of the Partnership&#146;s initial offering if an initial
    offering occurs); less
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    the amount of cash reserves established by the managing general
    partner to provide funds for future operating expenditures
    (which does not include expansion capital expenditures).
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    If a working capital borrowing, which increases operating
    surplus, is not repaid during the twelve-month period following
    the borrowing, it will be deemed repaid at the end of such
    period, thus decreasing operating surplus at such time. When
    such working capital borrowing is in fact repaid, it will not be
    treated as a reduction in operating surplus because operating
    surplus will have been previously reduced by the deemed
    repayment.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    As described above, operating surplus does not reflect actual
    cash on hand that is available for distribution to unitholders.
    For example, it includes a provision that will enable the
    Partnership, if it chooses, to distribute as operating surplus
    up to $60&#160;million of cash from non-operating sources such
    as asset sales, issuances of securities and long-term borrowings
    that would otherwise be distributed as capital surplus. In
    addition, the effect of including, as described above, certain
    cash distributions on equity interests in operating surplus
    would be to increase operating surplus by the amount of any such
    cash distributions. As a result, the Partnership may also
    distribute as operating surplus up to the amount of any such
    cash distributions it receives from non-operating sources.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;Operating expenditures&#148; generally means all of the
    Partnership&#146;s expenditures, including its expenses, taxes,
    reimbursements or payments of expenses to its managing general
    partner, repayment of working capital borrowings, debt service
    payments and capital expenditures, provided that operating
    expenditures will not include:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    repayments of working capital borrowings, if such working
    capital borrowings were outstanding for twelve months, not
    repaid, but deemed repaid, thus decreasing operating surplus at
    such time;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    payments (including prepayments) of principal of and premium on
    indebtedness, other than working capital borrowings;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    expansion capital expenditures;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    investment capital expenditures;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    payment of transaction expenses relating to &#147;interim
    capital transactions&#148;;&#160;or
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    distributions to partners.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Where capital expenditures are made in part for expansion and in
    part for other purposes, the managing general partner shall
    determine the allocation between the amounts paid for each.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;Interim capital transactions&#148; means the following
    transactions if they occur prior to liquidation of the
    Partnership: (a)&#160;borrowings, refinancings or refundings of
    indebtedness (other than working capital borrowings and other
    than for items purchased on open account or for a deferred
    purchase price in the ordinary course of business);
    (b)&#160;sales of equity interests and debt securities; and
    (c)&#160;sales or other voluntary or involuntary dispositions of
    any assets other than (i)&#160;sales or other dispositions of
    inventory, accounts receivable and other assets in the ordinary
    course of business and (ii)&#160;sales or other dispositions of
    assets as part of normal retirements or replacements of assets.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Maintenance capital expenditures reduce operating surplus, but
    expansion capital expenditures and investment capital
    expenditures do not. Maintenance capital expenditures represent
    capital expenditures to replace partially or fully depreciated
    assets to maintain the Partnership&#146;s operating capacity (or
    productivity) or capital base. Maintenance capital expenditures
    include expenditures required to maintain equipment reliability,
    plant integrity and safety and to address environmental laws and
    regulations. Maintenance capital expenditures will also include
    interest (and related fees) on debt incurred and distributions
    on equity issued to finance all or any portion of the
    construction, improvement or development of a replacement asset
    that is paid during the period that begins when the Partnership
    enters into a binding commitment or commences constructing or
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    56
</DIV><!-- END PAGE WIDTH -->
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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    developing a replacement asset and ending on the earlier to
    occur of the date any such replacement asset commences
    commercial service or the date it is abandoned or disposed of.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Expansion capital expenditures include expenditures to acquire
    or construct assets to grow the Partnership&#146;s business and
    to expand fertilizer production capacity. Expansion capital
    expenditures will also include interest (and related fees) on
    debt incurred and distributions on equity issued to finance all
    or any portion of the construction of such a capital improvement
    during the period that commences when the Partnership enters
    into a binding obligation to commence construction of a capital
    improvement and ending on the date such capital improvement
    commences commercial service or the date that it is abandoned or
    disposed of.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Investment capital expenditures are those capital expenditures
    that are neither maintenance capital expenditures nor expansion
    capital expenditures. Investment capital expenditures largely
    will consist of capital expenditures made for investment
    purposes. Examples of investment capital expenditures include
    traditional capital expenditures for investment purposes, such
    as purchases of securities, as well as other capital
    expenditures that might be made in lieu of such traditional
    investment capital expenditures, such as the acquisition of a
    capital asset for investment purposes or development of
    facilities that are in excess of the maintenance of the
    Partnership&#146;s existing operating capacity or productivity,
    but which are not expected to expand for the long-term the
    Partnership&#146;s operating capacity or asset base.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    As described above, none of the Partnership&#146;s investment
    capital expenditures or expansion capital expenditures will be
    subtracted from operating surplus. Because investment capital
    expenditures and expansion capital expenditures include interest
    payments (and related fees) on debt incurred and distributions
    on equity issued to finance all of the portion of the
    construction, replacement or improvement of a capital asset
    during the period that begins when the Partnership enters into a
    binding obligation to commence construction of a capital
    improvement and ending on the earlier to occur of the date any
    such capital asset commences commercial service or the date that
    it is abandoned or disposed of, such interest payments and
    equity distributions are also not subtracted from operating
    surplus.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The officers and directors of the managing general partner will
    determine how to allocate a capital expenditure for the
    acquisition or expansion of the Partnership&#146;s assets
    between maintenance capital expenditures and expansion capital
    expenditures.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>Definition of Capital Surplus.</I>&#160;&#160;&#147;Capital
    surplus&#148; will generally be generated only by:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    borrowings other than working capital borrowings;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    sales of debt securities and equity interests;&#160;and
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    sales or other dispositions of assets for cash, other than
    inventory, accounts receivable and other current assets sold in
    the ordinary course of business or as part of the normal
    retirement or replacement of assets.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>Distributions from Operating Surplus.</I>&#160;&#160;The
    Partnership&#146;s distribution structure with respect to
    operating surplus will change based upon the occurrence of three
    events: (1)&#160;distribution by the Partnership of the non-IDR
    surplus amount (as defined below), together with a release of
    the guarantees by the Partnership and its subsidiaries of our
    Credit Facility, (2)&#160;occurrence of an initial offering by
    the Partnership (following which all or a portion of our
    interest will be converted into subordinated units and the
    minimum quarterly distribution could be reduced) and
    (3)&#160;expiration (or early termination) of the subordination
    period.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>Minimum Quarterly Distributions.</I>&#160;&#160;The minimum
    quarterly distribution, or MQD, represents the set quarterly
    distribution amount that the common units, if issued, will be
    entitled to prior to the payment of any quarterly distribution
    on the subordinated units. The amount of the MQD will initially
    be set in the Partnership&#146;s partnership agreement at $0.375
    per unit, or $1.50 per unit on an annualized basis. The
    partnership agreement prohibits the managing general partner
    from causing the Partnership to undertake or consummate an
    initial offering unless the board of directors of the managing
    general partner, after consultation with us, concludes that the
    Partnership will be likely to be able to earn and pay the MQD on
    all units for each of the two consecutive, nonoverlapping
    four-quarter periods following the initial offering. If the
    managing
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    57
</DIV><!-- END PAGE WIDTH -->
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<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    general partner determines that the Partnership is not likely to
    be able to earn and pay the MQD for such periods, the managing
    general partner may, in its sole discretion and effective upon
    closing of the initial offering, reduce the MQD to an amount it
    determines to be appropriate and likely to be earned and paid
    during such periods. If the Partnership were to distribute
    $0.375 per unit on the number of units we own, we would receive
    a quarterly distribution of $11.4&#160;million in the aggregate.
    The MQD for any period of less than a full calendar quarter
    (e.g., the periods before and after the closing of an initial
    offering by the Partnership) will be adjusted based on the
    actual length of the periods.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>Target Distributions.</I>&#160;&#160;The Partnership&#146;s
    partnership agreement provides for &#147;target distribution
    levels.&#148; After the limitations described below in
    &#147;&#151;&#160;Non-IDR surplus amount&#148; no longer apply,
    the managing general partner&#146;s IDRs will entitle it to
    receive increasing percentages of any incremental quarterly cash
    distributed by the Partnership as the target distribution levels
    for each quarter are exceeded. There are three target
    distribution levels set in the partnership agreement: $0.4313,
    $0.4688 and $0.5625, representing 115%, 125% and 150%,
    respectively, of the initial MQD amount. The target distribution
    levels for any period of less than a full calendar quarter
    (e.g., the periods before and after the closing of an initial
    offering by the Partnership) will be adjusted based on the
    actual length of the periods. The target distribution levels
    will not be adjusted in connection with any reduction of the MQD
    in connection with the Partnership&#146;s initial offering
    unless we otherwise agree with the managing general partner.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The following table illustrates the percentage allocations of
    available cash from operating surplus between the unitholders
    and the Partnership&#146;s managing general partner up to and
    above the various target distribution levels. The amounts set
    forth under &#147;marginal percentage interest in
    distributions&#148; are the percentage interests of the
    Partnership&#146;s managing general partner and the unitholders
    in any available cash from operating surplus the Partnership
    distributes up to and including the corresponding amount in the
    column &#147;total quarterly distribution,&#148; until the
    available cash from operating surplus the Partnership
    distributes reaches the next target distribution level, if any.
    The percentage interests shown for the unitholders and managing
    general partner for the minimum quarterly distribution are also
    applicable to quarterly distribution amounts that are less than
    the minimum quarterly distribution. The percentage interests set
    forth below for the managing general partner represent
    distributions in respect of the IDRs.
</DIV>

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Marginal
    Percentage Interest in Distributions</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="44%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=02 type=lead -->
    <TD width="18%" align="right">&nbsp;</TD>	<!-- colindex=02 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=02 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=03 type=lead -->
    <TD width="11%" align="right">&nbsp;</TD>	<!-- colindex=03 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=03 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=04 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=04 type=lead -->
    <TD width="13%" align="right">&nbsp;</TD>	<!-- colindex=04 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=04 type=hang1 -->
</TR>
<!-- Table Width Row END -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Total Quarterly<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Distribution Target<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Managing General<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Amount</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Special Units(1)</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Partner</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Minimum Quarterly Distribution
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    0.375
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    100
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    0
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    First Target Distribution
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    Up to $
</TD>
<TD nowrap align="right" valign="bottom">
    0.4313
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    100
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    0
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Second Target Distribution
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    Above $
</TD>
<TD nowrap align="right" valign="bottom">
    0.4313 and
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    87
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    13
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    up to $
</TD>
<TD nowrap align="right" valign="bottom">
    0.4688
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Third Target Distribution
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    Above $
</TD>
<TD nowrap align="right" valign="bottom">
    0.4688 and
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    77
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    23
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    up to $
</TD>
<TD nowrap align="right" valign="bottom">
    0.5625
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Thereafter
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    Above $
</TD>
<TD nowrap align="right" valign="bottom">
    0.5625
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    52
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    48
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>Non-IDR surplus amount.</I>&#160;&#160;There will be no
    distributions paid on the IDRs until the aggregate
    &#147;adjusted operating surplus&#148; (as described below)
    generated by the Partnership during the period from its
    formation through December&#160;31, 2009, or the non-IDR surplus
    amount, has been distributed in respect of the special units,
    or, following an initial public offering of the Partnership, the
    common units, GP units and subordinated GP units (if any are
    issued). In addition, there will be no distributions paid on the
    IDRs for so long as the Partnership or its subsidiaries are
    guarantors under our Credit Facility.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>Definition of Adjusted Operating
    Surplus.</I>&#160;&#160;Adjusted operating surplus is intended
    to reflect the cash generated from operations during a
    particular period and therefore excludes the $60&#160;million
    &#147;basket&#148; included
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    58
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<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    as a component of operating surplus, net increases in working
    capital borrowings and net drawdowns of reserves of cash
    generated in prior periods. Adjusted operating surplus for any
    period generally means:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    operating surplus generated with respect to that period (which
    does not include the $60&#160;million basket described in the
    first bullet point of the definition of operating surplus
    above); less
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    any net increase in working capital borrowings with respect to
    that period; less
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    any net reduction in cash reserves for operating expenditures
    with respect to that period not relating to an operating
    expenditure made with respect to that period; plus
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    any net decrease in working capital borrowings with respect to
    that period; plus
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    any net increase in cash reserves for operating expenditures
    with respect to that period to the extent required by any debt
    instrument for the repayment of principal, interest or premium.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    If the Partnership consummates an initial offering, cash
    received by the Partnership or its subsidiaries in respect of
    accounts receivable existing as of the closing of such an
    offering will be deemed to not be operating surplus and thus
    will be disregarded when calculating adjusted operating surplus.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>Distributions Prior to the Partnership&#146;s Initial
    Offering (if any).</I>&#160;&#160;Prior to the
    Partnership&#146;s initial offering (if any), quarterly
    distributions of available cash from operating surplus (as
    described below) will be paid solely in respect of the special
    units until the non-IDR surplus amount has been distributed.
    After the limitations described in &#147;&#151;&#160;Non-IDR
    surplus amount&#148; no longer apply and prior to the
    Partnership&#146;s initial offering (if any), quarterly
    distributions of available cash from operating surplus will be
    paid in the following manner: (1)&#160;<I>First</I>, to the
    special units, until each special unit has received a total
    quarterly distribution equal to $0.4313 (the first target
    distribution), (2)&#160;<I>Second, </I>(i)&#160;13% to the
    managing general partner interest (in respect of the IDRs) and
    (ii)&#160;87% to the special units until each special unit has
    received a total quarterly amount equal to $0.4688 (the second
    target distribution), (3)&#160;<I>Third</I>, (i)&#160;23% to the
    managing general partner interest (in respect of the IDRs) and
    (ii)&#160;77% to the special units, until each special unit has
    received a total quarterly amount equal to $0.5625 (the third
    target distribution) and (4)&#160;<I>Thereafter</I>,
    (i)&#160;48% to the managing general partner interest (in
    respect of the IDRs) and (ii)&#160;52% to the special units.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>Distributions from Capital Surplus.</I>&#160;&#160;Capital
    surplus is generally generated only by borrowings other than
    working capital borrowings, sales of debt securities and equity
    interests and sales or other dispositions of assets for cash,
    other than inventory, accounts receivable and the other current
    assets sold in the ordinary course of business or as part of
    normal retirements or replacements of assets.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Partnership will make distributions of available cash from
    capital surplus, if any, in the following manner:
    (1)&#160;<I>First</I>, to all unitholders, pro rata, until the
    minimum quarterly distribution is reduced to zero, as described
    below, (2)&#160;<I>Second</I>, to the common unitholders, if
    any, pro rata, until the Partnership distributes for each common
    unit an amount of available cash from capital surplus equal to
    any unpaid arrearages in payment of the minimum quarterly
    distribution on the common units and (3)&#160;<I>Thereafter</I>,
    the Partnership will make all distributions of available cash
    from capital surplus as if they were from operating surplus. The
    preceding discussion is based on the assumptions that the
    Partnership does not issue additional classes of equity
    interests.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The partnership agreement will treat a distribution of capital
    surplus as the repayment of the consideration for the issuance
    of a unit by the Partnership, which is a return of capital. Each
    time a distribution of capital surplus is made, the minimum
    quarterly distribution and the target distribution levels will
    be reduced in the same proportion as the distribution had in
    relation to the fair market value of the common units prior to
    the announcement of the distribution. Because distributions of
    capital surplus will reduce the minimum quarterly distribution,
    after any of these distributions are made, it may be easier for
    the managing general partner to receive incentive distributions
    and for the subordinated units to convert into common units.
    However, any distribution of capital surplus before the minimum
    quarterly distribution is reduced to zero cannot be applied to
    the payment of the minimum quarterly distribution or any
    arrearages.
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    59
</DIV><!-- END PAGE WIDTH -->
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<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Once the Partnership reduces the minimum quarterly distribution
    and the target distribution levels to zero, the Partnership will
    then make all future distributions from operating surplus, with
    52% being paid to the unitholders, pro rata and 48% to the
    Partnership&#146;s managing general partner.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <I><U><FONT style="font-family: 'Times New Roman', Times">Voting
    Rights</FONT></U></I>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The partnership agreement provides that various matters require
    the approval of a &#147;unit majority.&#148; A unit majority
    requires (1)&#160;prior to the initial offering, the approval of
    a majority of the special units; (2)&#160;during the
    subordination period, the approval of a majority of the common
    units, excluding those common units held by the managing general
    partner and its affiliates (which will include us until such
    time as we cease to be an affiliate of the managing general
    partner) and a majority of the subordinated units, voting as
    separate classes; and (3)&#160;after the subordination period,
    the approval of a majority of the common units. In voting their
    units, the Partnership&#146;s general partners and their
    affiliates will have no fiduciary duty or obligation whatsoever
    to the Partnership or the limited partners, including any duty
    to act in good faith or in the best interests of the Partnership
    and its limited partners.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The following is a summary of the vote requirements specified
    for certain matters under the partnership agreement:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    <I>Issuance of additional units:</I>&#160;&#160;no approval
    right.
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    <I>Amendment of the partnership
    agreement:</I>&#160;&#160;certain amendments may be made by the
    managing general partner without the approval of the
    unitholders. Other amendments generally require the approval of
    a unit majority.
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    <I>Merger of the Partnership or the sale of all or substantially
    all of the Partnership&#146;s assets: </I>unit majority in
    certain circumstances. In addition, the holder of special GP
    rights has joint management rights with respect to some mergers.
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    <I>Dissolution of the Partnership:</I>&#160;&#160;unit majority.
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    <I>Continuation of the Partnership upon
    dissolution:</I>&#160;&#160;unit majority.
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    <I>Withdrawal of the managing general
    partner:</I>&#160;&#160;under most circumstances, a unit
    majority is required for the withdrawal of the managing general
    partner prior to June&#160;30, 2017 in a manner which would
    cause a dissolution of the Partnership.
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    <I>Removal of the managing general partner:</I>&#160;&#160;not
    less than 80% of the outstanding units, voting as a single
    class, including units held by the managing general partner and
    its affiliates (i)&#160;for cause prior to October&#160;26, 2012
    or (ii)&#160;with or without cause (as defined in the
    partnership agreement) on or after October&#160;26, 2012.
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    <I>Transfer of the managing general partner&#146;s general
    partner interest:</I> the managing general partner may transfer
    all, but not less than all, of its managing general partner
    interest in the Partnership without a vote of any unitholders
    and without our approval, to an affiliate or to another person
    (other than an individual) in connection with its merger or
    consolidation with or into, or sale of all or substantially all
    of its assets to, such person. The approval of a majority of the
    outstanding units, excluding units held by the managing general
    partner and its affiliates, voting as a class and our approval,
    is required in other circumstances for a transfer of the
    managing general partner interest to a third party prior to
    October&#160;26, 2017.
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    <I>Transfer of ownership interests in the managing general
    partner: </I>no approval required at any time.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <I><U><FONT style="font-family: 'Times New Roman', Times">Limited
    Call Right</FONT></U></I>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    If at any time the managing general partner and its affiliates
    own more than 80% of the then-issued and outstanding limited
    partner interests of any class, the managing general partner
    will have the right, which it may assign in whole or in part to
    any of its affiliates or to the Partnership, to acquire all, but
    not less than all, of the limited partner interests of the class
    held by unaffiliated persons, as of a record date to be selected
    by
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    60
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    the managing general partner, on at least 10 but not more than
    60&#160;days&#146; notice. The purchase price in the event of
    such an acquisition will be the greater of (1)&#160;the highest
    price paid by the managing general partner or any of its
    affiliates for any limited partner interests of the class
    purchased within the 90&#160;days preceding the date on which
    the managing general partner first mails notice of its election
    to purchase those limited partner interests and (2)&#160;the
    average of the daily closing prices of the limited partner
    interests over the 20 trading days preceding the date three days
    before notice of exercise of the call right is first mailed. At
    any time following the Partnership&#146;s initial offering, if
    any, if we fail to hold at least 20% of the units of the
    Partnership our common GP units will be deemed to be part of the
    same class of partnership interests as the common LP units for
    purposes of this provision. This provision will make it easier
    for the managing general partner to take the Partnership private
    in its discretion.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <I><U><FONT style="font-family: 'Times New Roman', Times">Conflicts
    of Interest</FONT></U></I>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Under the partnership agreement the managing general partner
    will not be in breach of its obligations under the partnership
    agreement or its duties to the Partnership or its unitholders
    (including us) if the resolution of the conflict is either
    (1)&#160;approved by the conflicts committee of the board of
    directors of the managing general partner, although the managing
    general partner is not obligated to seek such approval,
    (2)&#160;approved by the vote of a majority of the outstanding
    common units, excluding any common units owned by the managing
    general partner or any of its affiliates (including us so long
    as we remain an affiliate), although the managing general
    partner is not obligated to seek such approval, (3)&#160;on
    terms no less favorable to the Partnership than those generally
    being provided to or available from unrelated third parties; or
    (4)&#160;fair and reasonable to the Partnership, taking into
    account the totality of the relationships between the parties
    involved, including other transactions that may be particularly
    favorable or advantageous to the Partnership.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In addition to the provisions described above, the partnership
    agreement contains provisions that restrict the remedies
    available to the Partnership&#146;s unitholders for actions that
    might otherwise constitute breaches of fiduciary duty. For
    example:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    The partnership agreement permits the managing general partner
    to make a number of decisions in its individual capacity, as
    opposed to its capacity as managing general partner, thereby
    entitling the managing general partner to consider only the
    interests and factors that it desires and imposes no duty or
    obligation on the managing general partner to give any
    consideration to any interest of, or factors affecting, the
    common unitholders.
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    The partnership agreement provides that the managing general
    partner shall not have any liability to the Partnership or its
    unitholders (including us) for decisions made in its capacity as
    managing general partner so long as it acted in good faith,
    meaning it believed that the decision was in the best interests
    of the Partnership.
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    The partnership agreement generally provides that affiliated
    transactions and resolutions of conflicts of interest not
    approved by the conflicts committee of the board of directors of
    the managing general partner and not involving a vote of
    unitholders must be on terms no less favorable to the
    Partnership than those generally being provided to or available
    from unrelated third parties or be &#147;fair and
    reasonable&#148; to the Partnership, as determined by the
    managing general partner in good faith and that, in determining
    whether a transaction or resolution is &#147;fair and
    reasonable,&#148; the managing general partner may consider the
    totality of the relationships between the parties involved,
    including other transactions that may be particularly
    advantageous or beneficial to the Partnership.
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    The partnership agreement provides that the managing general
    partner and its officers and directors will not be liable for
    monetary damages to the Partnership or its partners for any acts
    or omissions unless there has been a final and non-appealable
    judgment entered by a court of competent jurisdiction
    determining that the general partner or its officers or
    directors acted in bad faith or engaged in fraud or willful
    misconduct, or, in the case of a criminal matter, acted with
    knowledge that the conduct was criminal.
</TD>
</TR>

</TABLE>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    61
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    The partnership agreement provides that in resolving conflicts
    of interest, it will be presumed that in making its decision,
    the managing general partner or its conflicts committee acted in
    good faith and in any proceeding brought by or on behalf of any
    partner or the partnership, the person bringing or prosecuting
    such proceeding will have the burden of overcoming such
    presumption.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The partnership agreement contains various provisions modifying
    and restricting the fiduciary duties that might otherwise be
    owed by the managing general partner. The Partnership has
    adopted these provisions to allow the Partnership&#146;s general
    partners or their affiliates to engage in transactions with the
    Partnership that would otherwise be prohibited by state law
    fiduciary standards and to take into account the interests of
    other parties in addition to the Partnership&#146;s interests
    when resolving conflicts of interest. Without such
    modifications, such transactions could result in violations of
    the Partnership&#146;s general partners&#146; state law
    fiduciary duty standards.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    Fiduciary duties are generally considered to include an
    obligation to act in good faith and with due care and loyalty.
    The duty of care, in the absence of a provision in a partnership
    agreement providing otherwise, would generally require a general
    partner to act for the partnership in the same manner as a
    prudent person would act on his own behalf. The duty of loyalty,
    in the absence of a provision in a partnership agreement
    providing otherwise, would generally prohibit a general partner
    of a Delaware limited partnership from taking any action or
    engaging in any transaction where a conflict of interest is
    present.
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    The partnership agreement contains provisions that waive or
    consent to conduct by the Partnership&#146;s general partners
    and their affiliates that might otherwise raise issues as to
    compliance with fiduciary duties or applicable law. For example,
    the partnership agreement provides that when either of the
    general partners is acting in its capacity as a general partner,
    as opposed to in its individual capacity, it must act in
    &#147;good faith&#148; and will not be subject to any other
    standard under applicable law. In addition, when either of the
    general partners is acting in its individual capacity, as
    opposed to in its capacity as a general partner, it may act
    without any fiduciary obligation to the Partnership or the
    unitholders whatsoever. These standards reduce the obligations
    to which the Partnership&#146;s general partners would otherwise
    be held.
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    The partnership agreement generally provides that affiliated
    transactions and resolutions of conflicts of interest not
    involving a vote of unitholders and that are not approved by the
    conflicts committee of the board of directors of the
    Partnership&#146;s managing general partner must be (1)&#160;on
    terms no less favorable to the Partnership than those generally
    being provided to or available from unrelated third parties or
    (2)&#160;&#147;fair and reasonable&#148; to the Partnership,
    taking into account the totality of the relationships between
    the parties involved (including other transactions that may be
    particularly favorable or advantageous to the Partnership).
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    If the Partnership&#146;s managing general partner does not seek
    approval from the conflicts committee of its board of directors
    or the common unitholders and its board of directors determines
    that the resolution or course of action taken with respect to
    the conflict of interest satisfies either of the standards set
    forth in the bullet point above, then it will be presumed that,
    in making its decision, the board of directors of the managing
    general partner, which may include board members affected by the
    conflict of interest, acted in good faith and in any proceeding
    brought by or on behalf of any partner or the partnership, the
    person bringing or prosecuting such proceeding will have the
    burden of overcoming such presumption. These standards reduce
    the obligations to which the Partnership&#146;s managing general
    partner would otherwise be held.
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    In addition to the other more specific provisions limiting the
    obligations of the Partnership&#146;s general partners, the
    partnership agreement further provides that the
    Partnership&#146;s general partners and their officers and
    directors will not be liable for monetary damages to the
    Partnership or its partners for errors of judgment or for any
    acts or omissions unless there has been a final and
    non-appealable judgment by a court of competent jurisdiction
    determining that the general partner or its officers and
    directors acted in bad faith or engaged in fraud or willful
    misconduct, or, in the case of a criminal matter, acted with
    knowledge that such person&#146;s conduct was unlawful.
</TD>
</TR>

</TABLE>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    62
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<A name='112'>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">AUDIT
    COMMITTEE REPORT</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The audit committee consists of the following members of the
    Board: Messrs.&#160;Mark E. Tomkins (chairman), C. Scott Hobbs
    and Steve A. Nordaker. Our Board has determined that
    Mr.&#160;Tomkins qualifies as an &#147;audit committee financial
    expert.&#148; Additionally, our Board has determined that each
    member of the audit committee, including Mr.&#160;Tomkins, is
    &#147;financially literate&#148; under the requirements of the
    NYSE. Our Board has also determined that all three members of
    the audit committee are independent under current NYSE
    independence requirements and SEC rules. The audit committee
    operates under a written charter adopted by our Board. A copy of
    this charter is available at <U>www.cvrenergy.com</U> and is
    available in print to any stockholder who requests it by writing
    to CVR Energy, Inc., at 2277 Plaza Drive, Suite&#160;500, Sugar
    Land, Texas 77479, Attention: Senior Vice President, General
    Counsel and Secretary.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Management is responsible for the preparation, presentation and
    integrity of our financial statements, accounting and financial
    reporting principles and the establishment and effectiveness of
    internal controls and procedures designed to assure compliance
    with accounting standards and applicable laws and regulations.
    The Company&#146;s independent registered public accounting
    firm, KPMG LLP (&#147;KPMG&#148;), is responsible for performing
    an independent audit of the Company&#146;s consolidated
    financial statements in accordance with the standards of the
    Public Company Accounting Oversight Board (United States);
    expressing an opinion, based on their audit, as to whether the
    financial statements fairly present, in all material respects,
    the financial position, results of operation and cash flows of
    the Company in conformity with generally accepted accounting
    principles; and auditing the effectiveness of internal control
    over financial reporting. The audit committee&#146;s
    responsibility is to monitor and oversee these processes.
    However, none of the members of the audit committee is
    professionally engaged in the practice of accounting or auditing
    nor are any of the members of the audit committee experts in
    those fields. The audit committee relies without independent
    verification on the information provided to it and on the
    representations made by management and the independent auditors.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The audit committee of the Board met 11 times during 2008. The
    audit committee meetings were designed, among other things, to
    facilitate and encourage communication among the audit
    committee, management, the internal auditors and KPMG. We
    discussed with the Company&#146;s internal auditors and KPMG the
    overall scope and plans for their respective audits. We met with
    KPMG, with and without management present, to discuss the
    results of its examination and evaluation of the Company&#146;s
    internal controls.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The audit committee has reviewed and discussed the audited
    consolidated financial statements contained in the
    Company&#146;s Annual Report on
    <FONT style="white-space: nowrap">Form&#160;10-K</FONT>
    for the year ended December&#160;31, 2008 with management and
    KPMG. The audit committee also discussed with KPMG matters
    required to be discussed with audit committees under generally
    accepted auditing standards, including, among other things,
    matters related to the conduct of the audit of the
    Company&#146;s consolidated financial statements and the matters
    required to be discussed by Statement on Auditing Standards
    No.&#160;61 (Communication with Audit Committees), as amended,
    as adopted by the Public Company Accounting Oversight Board.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The audit committee has received the written disclosures and the
    letter from the independent accountant required by applicable
    requirements of the Public Company Accounting Oversight Board
    regarding the independent accountant&#146;s communications with
    the audit committee concerning independence and has discussed
    with the independent accountant the independent
    accountant&#146;s independence.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    When determining KPMG&#146;s independence, we considered whether
    its provision of services to the Company beyond those rendered
    in connection with its audit of the Company&#146;s consolidated
    financial statements and reviews of the Company&#146;s
    consolidated financial statements included in the Company&#146;s
    Quarterly Reports on
    <FONT style="white-space: nowrap">Form&#160;10-Q</FONT>
    was compatible with maintaining its independence. The audit
    committee also reviewed, among other things, the audit and
    non-audit services performed by and the amount of fees paid for
    such services to, KPMG.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Based upon the review and discussions referred to above, we
    recommended to the Board and the Board has approved, that the
    Company&#146;s audited financial statements be included in the
    2008
    <FONT style="white-space: nowrap">Form&#160;10-K.</FONT>
    The audit committee also approved the engagement of KPMG as the
    Company&#146;s independent auditors for 2009.
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    63
</DIV><!-- END PAGE WIDTH -->
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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The audit committee has been advised by KPMG that neither it nor
    any of its members has any financial interest, direct or
    indirect, in any capacity in the Company or its subsidiaries.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    This report is respectively submitted by the audit committee.
</DIV>

<DIV style="margin-top: 24pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>Audit Committee</B>
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Mark E. Tomkins, Chairman
</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    C. Scott Hobbs
</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Steve A. Nordaker
</DIV>

<DIV style="margin-top: 9pt; font-size: 1pt">&nbsp;</DIV>
<A name='113'>
<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">PROPOSAL&#160;2&#160;&#151;
    RATIFICATION OF SELECTION OF INDEPENDENT<BR>
    REGISTERED PUBLIC ACCOUNTING FIRM</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The audit committee approved the engagement of KPMG as the
    Company&#146;s independent registered public accounting firm for
    2009 to examine the Company&#146;s consolidated financial
    statements for the fiscal year ending December&#160;31, 2009.
    Although ratification is not required by our Amended and
    Restated Certificate of Incorporation, our Amended and Restated
    By-Laws, Delaware law or otherwise, the audit committee and our
    Board are requesting that stockholders ratify this appointment
    as a means of soliciting the opinions of stockholders and as a
    matter of good corporate practice.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Votes
    Required and Recommendation of the Board</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The affirmative vote of a majority of the shares present in
    person or by proxy and entitled to vote on the proposal is
    required to ratify the selection of KPMG. An abstention is
    treated as being present and entitled to vote on the matter and,
    therefore, has the effect of a vote against this proposal. Under
    NYSE regulations, a broker, bank or other nominee may exercise
    discretionary voting power for the ratification of the
    appointment of the Company&#146;s independent auditor.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    If the stockholders do not ratify the selection, the audit
    committee will consider any information submitted by the
    stockholders in connection with the selection of the independent
    auditor for 2009. Even if the selection is ratified, the audit
    committee, in its discretion, may direct the appointment of a
    different independent registered public accounting firm at any
    time during the year if the audit committee believes such a
    change would be in the best interest of the Company and its
    stockholders.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    We expect that a representative of KPMG will be present at the
    Annual Meeting. This representative will have an opportunity to
    make a statement and will be available to respond to appropriate
    questions.
</DIV>

<DIV style="margin-top: 9pt; font-size: 1pt">&nbsp;</DIV>
<A name='114'>
<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">FEES PAID
    TO THE INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    For the years ended December&#160;31, 2008 and 2007,
    professional services were performed by KPMG for the Company.
    The following is a description of such services and the fees
    billed by KPMG in relation thereto.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="75%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=02 type=lead -->
    <TD width="8%" align="right">&nbsp;</TD>	<!-- colindex=02 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=02 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=03 type=lead -->
    <TD width="8%" align="right">&nbsp;</TD>	<!-- colindex=03 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=03 type=hang1 -->
</TR>
<!-- Table Width Row END -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>2008</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>2007</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Audit Fees(1)
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    3,711,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    3,273,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Audit-Related Fees(2)
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    130,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Tax Fees(3)
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    269,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    300,310
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    All Other Fees
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV style="font-size: 1pt; margin-left: 0%; width: 13%;  align: left; border-bottom: 1pt solid #000000"></DIV><!-- callerid=999 iwidth=455 length=60 -->

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>



<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

<TR>
    <TD width="2%"></TD>
    <TD width="1%"></TD>
    <TD width="97%"></TD>
</TR>

<TR>
    <TD align="right" valign="top">
    (1) </TD>
    <TD></TD>
    <TD valign="bottom">
    Audit Fees consist of fees for the audit of the Company&#146;s
    consolidated annual financial statements filed with the SEC as
    well as consents, comfort letters, the review of documents filed
    with the SEC, the audit of its internal control over financial
    reporting and reviews of the financial statements included in
    quarterly reports on
    <FONT style="white-space: nowrap">Form&#160;10-Q.</FONT></TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD align="right" valign="top">
    (2) </TD>
    <TD></TD>
    <TD valign="bottom">
    Audit-Related Fees include other due diligence services
    performed by KPMG.</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD align="right" valign="top">
    (3) </TD>
    <TD></TD>
    <TD valign="bottom">
    Tax Fees consist of fees for income tax consulting, including
    tax compliance, preparation and review of corporate tax returns
    and other general tax consultation.</TD>
</TR>

</TABLE>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    64
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The audit committee has considered whether the non-audit
    services provided by KPMG, including the services rendered in
    connection with income tax calculations were compatible with
    maintaining KPMG&#146;s independence and has determined that the
    nature and substance of the limited non-audit services did not
    impair the status of KPMG as the Company&#146;s independent
    registered public accounting firm. KPMG did not bill the Company
    for any other services during the fiscal years 2007 and 2008.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Pre-approval
    of Services by the Independent Registered Public Accounting
    Firm</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The charter of the audit committee requires the audit committee
    to approve in advance all audit and non-audit services provided
    by the independent auditor and also requires the audit committee
    to establish periodically and to approve in advance the fee
    levels for all services performed by the independent auditor.
    The audit committee has also authorized any audit committee
    member to pre-approve audit, audit-related, tax and other
    non-audit services up to $100,000, provided that the committee
    member shall timely report to the full committee each specific
    service pre-approved by them with copies of all supporting
    documentation.
</DIV>
<A name='115'>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">STOCKHOLDER
    PROPOSALS</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    If you intend to present a proposal at our annual meeting for
    2010 and you wish to have the proposal included in our Proxy
    Statement for that meeting, you must submit the proposal in
    writing to the Secretary at the address below. The Secretary
    must receive this proposal no later than November&#160;27, 2009;
    provided, however, that in the event we hold our annual meeting
    for 2010 more than 30&#160;days before or after March&#160;28,
    2010, we will disclose the new deadline by which proposals must
    be received under Item&#160;5 of our earliest possible Quarterly
    Report on
    <FONT style="white-space: nowrap">Form&#160;10-Q,</FONT>
    or, if impracticable, by any means reasonably calculated to
    inform stockholders. Your proposal must satisfy the requirements
    set forth in
    <FONT style="white-space: nowrap">Rule&#160;14a-8</FONT>
    under the Exchange Act for the proposal to be included in that
    Proxy Statement.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    A proposal meeting the requirements set forth in our by-laws for
    proposals to be presented at an annual meeting but not presented
    to us for inclusion in our Proxy Statement as provided for in
    the prior paragraph will not be considered filed on a timely
    basis with us under
    <FONT style="white-space: nowrap">Rule&#160;14a-4(c)(1)</FONT>
    under the Exchange Act if notice is received by us after
    February&#160;10, 2010 (or, if the date of our annual meeting
    for 2010 is held more than 30&#160;days before or after
    April&#160;28, 2010, a reasonable time before we send out proxy
    materials for our 2010 annual meeting). With regard to proposals
    that are not timely filed, we retain discretion to vote proxies
    we receive on such matters as our Board sees fit. For such
    proposals that are timely filed, we retain discretion to vote
    proxies we receive provided (1)&#160;we include in our Proxy
    Statement advice on the nature of the proposal and how we intend
    to exercise voting discretion and (2)&#160;the proponent does
    not issue a Proxy Statement.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Stockholders can suggest director candidates for consideration
    by writing to the attention of the General Counsel at the
    address below. Stockholders should provide the candidate&#146;s
    name, biographical data, qualifications and the candidate&#146;s
    written consent to being named as a nominee in our Proxy
    Statement and to serve as a director, if elected. Stockholders
    should also include the information that would be required to be
    disclosed in the solicitation of proxies for election of
    directors under the federal securities laws. The nominating and
    corporate governance committee may require any nominee to
    furnish any other information, within reason, that may be needed
    to determine the eligibility of the candidate. See
    &#147;Corporate Governance&#160;&#151; Director
    Qualifications&#148; above.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Proponents must submit stockholder proposals and recommendations
    for nomination as a director in writing to the following address:
</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    CVR Energy, Inc.
</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    2277 Plaza Drive, Suite&#160;500
</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Sugar Land, Texas 77479
</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Attention: Senior Vice President, General Counsel and Secretary
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Senior Vice President, General Counsel and Secretary will
    forward the proposals and recommendations to the nominating and
    corporate governance committee for consideration.
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    65
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<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<A name='116'>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">COST OF
    SOLICITATION</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    We bear all costs of the Annual Meeting and the solicitation.
    Upon request, we will reimburse banks, brokers and other
    nominees for the expenses they incur in forwarding the proxy
    materials to you.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In addition to mailing the proxy materials, members of our
    Board, officers and employees may solicit proxies by telephone,
    by fax or other electronic means of communication, or in person.
    They will not receive any compensation for their solicitation
    activities in addition to their regular compensation.
</DIV>
<A name='117'>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">OTHER
    MATTERS</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    We do not know of any other matters that will be considered at
    the Annual Meeting. However, if any other proper business should
    come before the meeting, the persons named in the proxy card
    will have discretionary authority to vote according to our best
    judgment to the extent permitted by applicable law.
</DIV>

<DIV style="margin-top: 24pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    For the Board of Directors,
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <IMG src="y75348y7534803.gif" alt="-s- Edmund S. Gross">
</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Edmund S. Gross<BR>
    Senior Vice President, General Counsel and<BR>
    Secretary<BR>
    March&#160;27, 2009
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    66
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>


<DIV style="font-family: Helvetica,Arial,sans-serif">



<DIV align="center" style="font-size: 12pt; margin-top: 18pt"><B>ANNUAL MEETING OF STOCKHOLDERS OF</B>
</DIV>

<DIV align="center" style="font-size: 24pt; margin-top: 18pt"><B>CVR Energy, Inc.</B>
</DIV>

<DIV align="center" style="font-size: 12pt; margin-top: 12pt; margin-bottom: 24pt"><B>April 28, 2009</B>
</DIV>

<DIV align="center">
<DIV align="center" style="width: 20%; border: 1px solid black; padding: 0px;">
<DIV align="center" style="width: 0%; padding: 10px; font-size: 12pt; background: #CDCDCD; color: #000000"><B>PROXY</B>&nbsp;<B>VOTING</B>&nbsp;<B>INSTRUCTIONS</B>
</DIV>
</div>
</DIV>


<DIV align="center" style="font-size: 30pt">&nbsp;</DIV>

<P><DIV style="position: relative; float: left; width: 48%">

<DIV align="justify" style="font-size: 9pt; margin-top:3pt"><B><u>TELEPHONE</u></b> - Call toll-free <b>1-800-PROXIES</b> (1-800-776-9437) in the United
 States or <b>1-718-921-8500</b> from foreign countries from any touch-tone telephone and follow the instructions. Have your
 proxy card available when you call and use the Company Number and
Account Number shown on your proxy card.<br><BR style="font-size:6pt"> Vote by phone until 11:59 PM EST the day
before the meeting.<br><BR style="font-size:6pt"> </DIV>


<DIV align="justify" style="font-size: 9pt"><B><u>MAIL</u></b> - Sign, date and mail your proxy card in
the envelope provided as soon as possible.</DIV>


<DIV align="center" style="font-size: 6pt">&nbsp;</DIV>



<DIV align="justify" style="font-size: 9pt"><B><u>IN PERSON</u></b> - You may vote your shares in person by attending the Annual Meeting.</DIV>


</DIV>
<DIV style="position: relative; float: right; width: 48%">
<DIV align="center">
<TABLE style="font-size: 12pt" cellspacing="0" border="0" cellpadding="5" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom" style="font-size: 1pt">
    <TD width="1%">&nbsp;</TD>
    <TD width="45%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD><!-- VRule -->
    <TD width="2%">&nbsp;</TD>
    <TD width="45%">&nbsp;</TD>

    <TD width="1%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD width="1%" style="border-left: 1px solid #000000; border-top: 1px solid #000000">&nbsp;</TD>
              <TD colspan="1" valign="top" align="left" style="border-top: 1px solid #000000"><B>COMPANY</B>&nbsp;<B>NUMBER</B></TD>
    <TD style="border-right: 1px solid #000000; border-top: 1px solid #000000">&nbsp;</TD>
    <TD style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="center" valign="top" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD width="1%" style="border-right: 1px solid #000000; border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD width="1%" style="border-left: 1px solid #000000; border-top: 1px solid #000000">&nbsp;</TD>
    <TD colspan="1" valign="top" align="left" style="border-top: 1px solid #000000"><B>ACCOUNT</B>&nbsp;<B>NUMBER</B></TD>
    <TD style="border-right: 1px solid #000000; border-top: 1px solid #000000">&nbsp;</TD>
    <TD style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="center" valign="top" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD width="1%" style="border-right: 1px solid #000000; border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD width="1%" style="color: #000000; background: #CDCDCD; border-left: 1px solid #000000; border-top: 1px solid #000000">&nbsp;</TD>
    <TD colspan="1" valign="top" style="color: #000000; background: #CDCDCD; border-top: 1px solid #000000" align="left">
&nbsp;</TD>
    <TD style="color: #000000; background: #CDCDCD; border-right: 1px solid #000000; border-top: 1px solid #000000">&nbsp;</TD>
    <TD style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="center" valign="top" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD width="1%" style="border-right: 1px solid #000000; border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR style="font-size: 1px" valign="bottom">
    <TD nowrap align="left" colspan="6" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>

<!-- End Table Body -->
</TABLE>
</DIV>
</DIV>
<BR clear="all"><BR style="font-size:3pt">

<DIV style="width: 100%; border: 1px solid black; padding: 5px;">


<DIV align="center" style="font-size: 10pt; margin-top: 3pt"><b><u>NOTICE OF INTERNET AVAILABILITY OF PROXY MATERIAL</u></b>:<br>
Our Proxy Statement and the CVR Energy 2008 Annual Report, which includes our 2008 Annual Report on Form 10-K
 and financial statements, are available at http://annualreport.cvrenergy.com.</DIV>
</DIV>


<DIV align="center" style="font-size: 8pt; margin-top: 4pt"><FONT face="Wingdings" style="font-size: 10pt">&#234;</FONT>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Please detach along perforated line and mail in the envelope provided
<U>IF</U> you are not voting via telephone. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT face="Wingdings" style="font-size: 10pt">&#234;</FONT>
</DIV>



<DIV align="center">
<TABLE style="font-size: 10pt; margin-top: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="55%"></TD>
    <TD width="5%"></TD>
    <TD width="40%"></TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD align="left"><FONT style="font-size: 17pt"><FONT face="Wingdings">&#110;</FONT></FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20930000000000000000&nbsp;&nbsp;&nbsp;3</TD>
    <TD>&nbsp;</TD>
    <TD align="left">042809&nbsp;</TD>
</TR>
<TR style="font-size:6pt">
    <TD>&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>



<DIV style="border-top: 1px solid #000000"></DIV>

<DIV align="center" style="font-size: 7pt; margin-top: 6pt"><B>
THE BOARD OF DIRECTORS RECOMMENDS A VOTE &#147;FOR&#148; THE ELECTION OF DIRECTORS AND &#147;FOR&#148; PROPOSAL 2.<br>
PLEASE SIGN, DATE AND RETURN PROMPTLY IN THE ENCLOSED ENVELOPE. PLEASE MARK YOUR VOTE IN BLUE OR BLACK INK AS SHOWN HERE
<FONT face="Wingdings"  style="font-size: 10pt">&#120;</FONT></B></DIV>

<DIV style="border-top: 1px solid #000000"></DIV>



<DIV style="position: relative; float: left; width: 49%; border-right: 1px solid #000000">

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 8pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">1.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>To elect nine directors for terms of one year each, to serve until their successors have been duly elected and qualified.</TD>
</TR>

</TABLE>
</DIV>
<DIV align="center">
<TABLE style="font-size: 8pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom" style="font-size:3pt">
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="40%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="middle">&nbsp;</TD>
    <TD>&nbsp;</TD>

<TD colspan="3" valign="top" align="left"><FONT style="font-size:7pt"><B>NOMINEES:</B></FONT></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><FONT face="Wingdings" style="font-size: 17pt">&#111;</FONT>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="middle"><FONT style="font-size:7pt"><B>FOR ALL NOMINEES</B></FONT>
</TD>
    <TD>&nbsp;</TD>

<TD colspan="3" align="left" valign="top"><Div  style="font-size: 8pt"><FONT face="Wingdings">&#161;</FONT>
John J. Lipinski<br>
<FONT face="Wingdings">&#161;</FONT> C. Scott Hobbs
</div>

</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="middle">&nbsp;</TD>
    <TD>&nbsp;</TD>

<TD colspan="3" align="left" valign="top"><Div  style="font-size: 8pt"><FONT face="Wingdings">&#161;</FONT> Scott L. Lebovitz</div>

</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>



<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><FONT face="Wingdings" style="font-size: 17pt">&#111;</FONT>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><FONT style="font-size:7pt"><B>WITHHOLD AUTHORITY<br>
FOR ALL NOMINEES</B></FONT>
</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="left" valign="top"><Div  style="font-size: 8pt">

<FONT face="Wingdings">&#161;</FONT>  Regis B. Lippert<br>
<FONT face="Wingdings">&#161;</FONT> George E. Matelich<br>
<FONT face="Wingdings">&#161;</FONT> Steve A. Nordaker</div>
</TD>


    <TD>&nbsp;</TD>
    <TD align="left" valign="top">
&nbsp;</TD>
</TR>



<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><FONT face="Wingdings" style="font-size: 17pt">&#111;</FONT>
</DIV></TD>
    <TD>&nbsp;</TD>

<TD align="left" valign="top"><FONT style="font-size:7pt"><B>FOR
ALL EXCEPT</b><BR>
(See instructions below)</FONT>
</TD>
    <TD>&nbsp;</TD>

<TD colspan="3" align="left" valign="top"><Div  style="font-size: 8pt">

<FONT face="Wingdings">&#161;</FONT>  Stanley de J. Osborne<br>
<FONT face="Wingdings">&#161;</FONT> Kenneth A. Pontarelli<br>
<FONT face="Wingdings">&#161;</FONT> Mark E. Tomkins</div>
</TD>    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>

<TR style="font-size:30pt">
    <TD>&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>
<DIV align="center">
<TABLE style="font-size: 7pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="7%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="50%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">

<TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B><u>INSTRUCTIONS</u>:</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><div align="justify">To withhold authority to vote for any
individual nominee(s), mark <B>&#147;FOR ALL EXCEPT&#148; </B>and fill in
the circle next to each nominee you wish to withhold, as
shown here: &nbsp; <FONT face="Wingdings" style="font-size: 7pt">&#108;</FONT></div></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="bottom">&nbsp;</TD>
</TR>
<TR style="font-size:3pt">
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="5" valign="top" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>

<TR style="font-size:70pt">
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="5" valign="top" align="left" style="border-top: 1px solid #000000;">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD colspan="3" valign="top" align="left"><div align="justify">To change the address on your account, please check
the box at right and indicate your new address in
the address space above. Please note that changes
to the registered name(s) on the account may not be
submitted via this method.</div></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="middle"><FONT face="Wingdings" style="font-size: 17pt">&#111;</FONT></TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="center"><DIV style="font-size: 1pt; margin-top: 2pt; width: 100%; border-bottom: 1px solid #000000">&nbsp;</DIV></DIV>

</DIV>

<DIV style="position: relative; float: right; width: 50%">
<DIV align="center">
<TABLE style="font-size: 8pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom" style="font-size: 3pt">
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="60%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="9%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="6%">&nbsp;</TD>
    <TD width="4%">&nbsp;</TD>
    <TD width="6%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="4%">&nbsp;</TD>
    <TD width="8%">&nbsp;</TD>
</TR>

<TR style="font-size: 7pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3">FOR</TD>
    <TD nowrap align="center" colspan="2">AGAINST</TD>
<TD>&nbsp;</TD>
<TD>&nbsp;</TD>
    <TD nowrap align="right">ABSTAIN</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">2.</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">To ratify the selection of KPMG LLP as the Company&#146;s independent
registered public accounting firm for 2009.
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top" colspan="3"><FONT face="Wingdings" style="font-size: 17pt">&#111;</FONT>
</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top" colspan="1"><FONT face="Wingdings" style="font-size: 17pt">&#111;</FONT>
</TD>
<TD>&nbsp;</TD>
<TD>&nbsp;</TD>
    <TD align="center" valign="top"><FONT face="Wingdings" style="font-size: 17pt">&#111;</FONT></TD>
</TR>

<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3">&nbsp;</TD>
    <TD nowrap align="center" colspan="3">&nbsp;</TD>
<TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<!-- Begin Table Head -->

<TR>
<TD  colspan="13" valign="top" align="left">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
<TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR>
<TD  colspan="13" valign="top" align="left"></TD>
</TR>

<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
<TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>

<TR>
<TD  colspan="13" valign="top" align="left"></TD>
</TR>

<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
<TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>

<TR>
<TD  colspan="13" valign="top" align="left"></TD>
</TR>


<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
<TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>

<TR>
<TD  colspan="13" valign="top" align="left"></TD>
</TR>

</TABLE>
</DIV>

</DIV>
<BR clear="all">
<DIV align="center">
<TABLE style="font-size: 6pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom" style="font-size: 3pt">
    <TD width="12%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="22%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="10%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="12%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="22%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="10%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD nowrap valign="bottom">Signature of Stockholder</TD>
    <TD>&nbsp;</TD>
    <TD colspan="1" valign="top" align="left"><P>
<DIV style="width: 100%; border: 1px solid black; padding: 5px;">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="bottom">Date:</TD>
    <TD>&nbsp;</TD>
    <TD colspan="1" valign="top" align="left"><P>
<DIV style="width: 100%; border: 1px solid black; padding: 5px;">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left" valign="bottom">Signature of Stockholder</TD>
    <TD>&nbsp;</TD>
    <TD colspan="1" valign="top" align="left"><P>
<DIV style="width: 100%; border: 1px solid black; padding: 5px;">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="bottom">Date:</TD>
    <TD>&nbsp;</TD>
    <TD colspan="1" valign="top" align="left"><P>
<DIV style="width: 100%; border: 1px solid black; padding: 5px;">&nbsp;</DIV></TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="left" style="margin-top: 0pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 6pt; background: transparent; color: #000000">
<TR>
    <TD width="1%"></TD>
    <TD width="1%"></TD>
    <TD width="1%"></TD>
    <TD width="1%"></TD>
    <TD width="96%"></TD>
</TR>

<TR style="font-size:3pt">
    <TD>&nbsp;</TD>
</TR>
<TR valign="top">
    <TD valign="bottom"><FONT face="Wingdings" style="font-size: 17pt">&#110;</FONT></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left"><B>Note:</B></TD>
    <TD>&nbsp;</TD>
    <TD><div align="justify">Please sign exactly as your name or names appear on this Proxy. When shares are held jointly,
 each holder should sign. When signing as executor, administrator, attorney, trustee or guardian, please give full
title as such. If the signer is a corporation, please sign full corporate name by duly authorized officer,
giving full title as such. If signer is a partnership, please sign in
partnership name by authorized person. </div></TD>
    <TD valign="bottom"><FONT style="font-size: 17pt"><FONT face="Wingdings">&#110;</FONT></FONT></TD>
</TR>

</TABLE>
</DIV>


<P align="center" style="font-size: 10pt">&nbsp;
</DIV>




<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>
<DIV style="font-family: Helvetica,Arial,sans-serif">


<DIV align="right" style="font-size: 10pt; margin-top: 400pt"><FONT style="font-size: 17pt"><FONT face="webdings">&#127;</FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="Wingdings">&#110;</FONT></FONT>
</DIV>


<DIV align="center" style="font-size: 14pt; margin-top: 60pt"><b>CVR ENERGY, INC.</b>
</DIV>


<DIV align="justify" style="font-size: 12pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The undersigned hereby appoints Stanley A. Riemann, Edmund S. Gross and Susan M. Ball and each or
any of his/her attorneys and agents, with full power of substitution to vote as Proxy for the
undersigned as herein stated at the Annual Meeting of Stockholders of CVR Energy, Inc. (the
&#147;Company&#148;) to be held at the Marriott Town Square Hotel, 16090 City Walk, Sugar Land, TX 77479 on
Tuesday, April&nbsp;28, 2009 at 10:00&nbsp;a.m. (Central Time), and at any adjournments or postponements
thereof, according to the number of votes the undersigned would be entitled to vote if personally
present, on the proposals set forth on the reverse hereof and in accordance with their discretion
on any other matters that may properly come before the meeting or any adjournments or postponements
thereof. The undersigned hereby acknowledges receipt of the Annual Report on Form 10-K dated March
13, 2009, Notice of 2009 Annual Meeting of Stockholders, dated March&nbsp;27, 2009 and Proxy Statement,
dated March&nbsp;27, 2009. If this proxy is returned without direction being given, this proxy will be
voted &#147;FOR&#148; Proposals One and Two.
</DIV>
<DIV align="center" style="font-size: 12pt; margin-top: 12pt"><B>(Continued and to be signed on the reverse side)</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 40pt"> <FONT style="font-size: 17pt"><FONT face="Wingdings">&#110;</FONT></FONT></DIV>
<DIV align="right" style="font-size: 10pt; margin-top: -12pt">1 4 4 7
5&nbsp;&nbsp;&nbsp;&nbsp;<FONT style="font-size: 17pt"><FONT face="Wingdings">&#110;</FONT></font></DIV>



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