FIRST AMENDING AGREEMENT TO AMENDED AND RESTATED CREDIT AGREEMENT DATED JUNE 29, 1994 THIS AGREEMENT made as of the 31st day of March, 1995 BETWEEN WAINOCO OIL CORPORATION, a body corporate having office in the City of Houston, in the State of Texas - and - MORGAN BANK OF CANADA, a Canadian chartered bank with offices in the city of Toronto, in the Province of Ontario (in its own capacity and in its capacity as Agent) - and - PARIBAS BANK OF CANADA, a Canadian chartered bank with offices in the City of Toronto, in the Province of Ontario - and - THE BANK OF TOKYO CANADA , a Canadian chartered bank with offices in the City of Vancouver, in the Province of British Columbia WHEREAS parties hereto have entered into an Amended and Restated Credit Agreement dated June 29, 1994 (the "Credit Agreement") which provides for a revolving term facility in the maximum principal amount of Cdn. $34,000,000; AND WHEREAS the parties hereto wish to amend the Credit Agreement as hereinafter provided; NOW THEREFORE THIS AGREEMENT WITNESSES that, in consideration of the sum of one dollar ($1.00) and other good and valuable consideration, receipt and sufficiency of which is hereby acknowledged, the parties hereto agree as follows: 1. Definitions Capitalized terms used herein shall, unless otherwise defined, have the meanings given to them in the Credit Agreement. 2. Amendments The Credit Agreement is hereby amended as follows: (a) the definition of "Fixed Charges" contained in Section 1.1 of the Credit Agreement is amended by deleting therefrom "20 quarterly installments" and substituting therefor "16 quarterly installments"; (b) the definition of "Termination Date" in Section 1.1 of the Credit Agreement is amended by deleting therefrom "December, 1995" and substituting therefor "December, 1996"; and (c) Section 2.4(a) of the Credit Agreement is amended by deleting therefrom "one-twentieth (1/20th)" and substituting therefor "one-sixteenth (1/16th)". 3. Counterpart Execution This Agreement may be executed in any number of counterparts and all executed counterparts shall be read together and shall form one and the same instrument. 4. Ratification The Credit Agreement is hereby ratified and confirmed as being in full force and effected as amended hereby. 5. Enurement Subject to Section 9.6 of the Credit Agreement, this Agreement shall enure to the benefit of and be binding upon each of the parties hereto and its permitted successors and assigns. WAINOCO OIL CORPORATION Per: /s/ Julie H. Edwards ------------------------- MORGAN BANK OF CANADA, as Agent Per: /s/ Andrew Shelton ------------------------- MORGAN BANK OF CANADA Per: /s/ Andrew Shelton ------------------------- THE BANK OF TOKYO CANADA Per: /s/ Y. Tagawa ------------------------- Executive Vice President & General Manager PARIBAS BANK OF CANADA Per: /s/ James Goodall ------------------------- Group Vice President