The CIT Group/ Equipment Financing 650 CIT Drive P. O. Box 490 Livingston, NJ 07038-0480 April 13, 1999 THE CIT GROUP Mr. Jim Jones Vice President LSB Industries 16 South Pennsylvania Avenue Oklahoma City, Oklahoma 73107 Dear Mr. Jones Reference is made to (a) that certain Loan Agreement dated October 31, 1994, as amended, (the "Agreement") between DSN Corporation, an Oklahoma corporation ("Debtor"), and THE CIT GROUP/EQUIPMENT FINANCING, INC., a New York corporation ("CIT"), and (b) the defined terms within. Debtor has advised CIT that LSB Industries (LSB), a guarantor of Debtor's obligations to CIT was not in compliance with: Section 6.10 to the Agreement, in that as of December 31, 1998, LSB did not maintain a tangible net worth of $32,674,000.00. Further, LSB did not maintain a leverage requirement of 4.90x. Debtor has requested that notwithstanding anything to the contrary in the Agreement, that CIT waive the above instances of non- compliance through June 30, 2000. CIT hereby waives, as of this date, the above instances of noncompliance, provided that such waiver is subject to the following conditions: (1) that this waiver is strictly limited to the specific covenants under section 6.10 of the Agreement, as amended, set forth above and is strictly limited only to such instances of noncompliance through and including June 30, 2000 (2) that Debtor pay a fee in the amount of $40,000.00 within 5 business days of the above date to cover the waiver (3) CIT agrees to reset the covenants within 30 days of the date of this waiver. Sincerely, The CIT Group Equipment Financing, Inc. By: /s/ Anthony Joseph ___________________________ Title: Vice President _________________________ Acknowledged and Agreed: DSN Corporation By: /s/ Tony M. Shelby ________________________ Title: V.P. _____________________ LSB Industries By: /s/ Tony M. Shelby ________________________ Title: S.V.P. ______________________ An affiliate of The Dai-ichi Kagyo Bank, Limited