Document:

EXECUTION ORIGINAL

                                 THIRD AMENDMENT
                                       TO
                      AMENDED AND RESTATED LETTER OF CREDIT
                           AND REIMBURSEMENT AGREEMENT

                  This THIRD AMENDMENT TO AMENDED AND RESTATED LETTER OF CREDIT
AND REIMBURSEMENT AGREEMENT (this "Third Amendment") is made as of the 5th day
of August, 2004, among SOUTH JERSEY INDUSTRIES, INC., a New Jersey corporation
("South Jersey"); MARINA ENERGY LLC, a New Jersey limited liability company
("Marina Energy"; and together with South Jersey, collectively, the "Obligors");
WACHOVIA BANK, NATIONAL ASSOCIATION, a national banking association having its
principal offices in Charlotte, North Carolina ("Wachovia"), as the Fronting
Bank (the "Fronting Bank"); WACHOVIA, as the Administrative Agent (the
"Administrative Agent"); and the participating banks listed on the signature
pages hereto (collectively, the "Banks"). Unless otherwise defined herein,
capitalized terms used herein shall have the meanings ascribed to them in the
Reimbursement Agreement (as defined below).

                                   WITNESSETH:

                  WHEREAS, the undersigned are parties to that certain Amended
and Restated Letter of Credit and Reimbursement Agreement dated as of September
19, 2002 (as previously amended, the "Reimbursement Agreement"); and

                  WHEREAS, the Obligors have requested that the Administrative
Agent, the Fronting Bank and the Banks agree (i) to extend the Stated Expiration
Date of each Letter of Credit currently in effect, pursuant to the terms and
conditions of Section 2.15 of the Reimbursement Agreement, and (ii) to make
certain modifications to the terms of the Reimbursement Agreement, and the
Administrative Agent, the Fronting Bank and the Banks have agreed to grant such
extension and to make such modifications, on the terms and conditions set forth
in this Third Amendment.

                  NOW, THEREFORE, in consideration of the mutual covenants and
agreements set forth herein, the premises set forth above (which are
incorporated herein by this reference) and for other good and valuable
consideration, the receipt and sufficiency of which hereby are acknowledged, the
undersigned agree as follows:

        1.       Extension of the Stated Expiration Date of each Letter of
Credit. Pursuant to the provisions of Section 2.15 of the Reimbursement
Agreement, the undersigned agree as follows:

        a.   By notice to the Administrative Agent, given more than ninety (90)
        days before the Stated Expiration Date of each Letter of Credit
        currently in effect, the Obligors have requested the Fronting Bank, with
        the consent of all of the Banks, to extend the Stated Expiration Date of
        each such Letter of Credit to September 19, 2007.

        b.   The Fronting Bank and the Banks have elected to so extend the
        Stated Expiration Date for each such Letter of Credit currently in
        effect and have requested that the Administrative Agent deliver to the
        Obligors a Notice of Extension designating the date to which the Stated
        Expiration Date for each such Letter of Credit shall be extended and the
        conditions for the consent of the Fronting Bank and the Banks.

        c.   Upon satisfaction of all conditions set forth in the Notice of
        Extension, all references in the Reimbursement Agreement to the Stated
        Expiration Date as to each such Letter of Credit currently in effect
        shall be deemed to be references to the date of September 19, 2007, as
        such date may be further extended in accordance with Section 2.15 of
        the Reimbursement Agreement.

        2.       Amendments to Reimbursement Agreement. The Reimbursement
Agreement is amended as follows:

        a.   In Section 1.01 of the Reimbursement Agreement, the definition of
        "Applicable Margin" is amended by deleting the pricing grid set forth
        therein in its entirety and replacing it with the following:

<TABLE>
<CAPTION>

                              Applicable Applicable
                  Basis for Pricing -         LIBOR Rate       Applicable        Letter of
                                                        -                -
   Level          Senior Debt Rating             Margin        Unused Fee        Credit Fee
------------ ------------------------------ ----------------- --------------- -----------------
<S>            <C>                               <C>              <C>              <C>

     1         Greater than or equal to          0.750%           0.125%           0.750%
                         A-/A3
------------ ------------------------------ ----------------- --------------- -----------------
     2         Less than Level 1, but at         0.875%           0.150%           0.875%
                    least BBB+/Baa1
------------ ------------------------------ ----------------- --------------- -----------------
     3         Less than Level 2, but at         1.000%           0.175%           1.000%
                    least BBB/Baa2
------------ ------------------------------ ----------------- --------------- -----------------
     4             Less than Level 3             1.250%           0.225%           1.250%
------------ ------------------------------ ----------------- --------------- -----------------
</TABLE>

        b.   In Section 1.01 of the Reimbursement Agreement, the definition of
        "Permitted Indebtedness" is amended by deleting the reference to the
        amount of "$120,000,000" in item (2) of said definition and replacing it
        with a reference to the amount of "$150,000,000."

        c.   In Section 1.01 of the Reimbursement Agreement, the definition of
        "Permitted Liens" is amended by deleting the reference to the amount of
        "$5,000,000" in item (6) of said definition and replacing it with a
        reference to the amount of "$10,000,000."

        d.   The following new Section (m) is added at the end of Section 5.01
of the Reimbursement Agreement:

                                      -2-

                           (m) OFAC Compliance. Comply with any obligations that
                  it may have under the laws of the United States of America,
                  including without limitation, the USA Patriot Act, all laws
                  and executive orders administered by the Office of Foreign
                  Asset Control, Department of the Treasury ("OFAC") and all
                  regulations promulgated and executive orders having the force
                  of law issued pursuant thereto, as amended or supplemented
                  from time to time (collectively, "AML and Anti-Terrorist
                  Acts"). In the event that any Obligor becomes aware that it is
                  not in compliance with any applicable AML and Anti-Terrorist
                  Acts, then such Obligor shall notify the Administrative Agent
                  and diligently take all actions required thereunder to become
                  compliant. Each Obligor represents and warrants to the
                  Administrative Agent that such Obligor is not listed on the
                  specially Designated Nationals and Blocked Persons List
                  maintained by OFAC pursuant to Executive Order No. 13224, 66
                  Fed. Reg. 49079 (Sept. 25, 2001), and/or any other list
                  maintained pursuant to any of the rules and regulations of
                  OFAC or pursuant to any other applicable Executive Orders or
                  otherwise subject to sanction under an OFAC implemented
                  regulation.

        3.       Representations and Warranties. The Obligors hereby represent
and warrant that:

        a.   They have taken all necessary action to authorize the execution,
        delivery and performance of this Third Amendment.

        b.   The representations and warranties contained in Article IV of the
        Reimbursement Agreement are true, correct and complete as of the date
        hereof as if made on and as of the date hereof and as if each reference
        in said Article IV to "this Agreement" includes a reference to this
        Third Amendment and to the Reimbursement Agreement, as amended by this
        Third Amendment.

        c.   No Default or Event of Default has occurred and is continuing on
        the date hereof, before or after giving effect to this Third Amendment.

        4.      Conditions Precedent. This Third Amendment shall become
effective as of the date hereof, upon the satisfaction of the following
conditions precedent:

        a.   Execution By All Parties. This Third Amendment shall have been
        executed and delivered by each of the parties hereto.

        b. Existence and Authority Documents. The Administrative Agent and
        the Banks shall have received all documentation that they may reasonably
        request relating to the existence of each of the Obligors, the company
        or corporate, as applicable, authority for and the validity of this
        Third Amendment, the Reimbursement Agreement as amended hereby, and any
        other matters relevant hereto, all in form and substance satisfactory to
        the Administrative Agent, the Fronting Bank and the Banks, including
        without limitation a certificate of incumbency of each of the Obligors,
        signed by a Secretary or an Assistant Secretary, certifying as to the

                                      -3-

         names, true signatures and incumbency of the officers authorized to
        execute and deliver this Third Amendment and each other document to be
        executed, delivered by each of the Obligors from time to time in
        connection with the Reimbursement Agreement as amended hereby, and
        certified copies of the following items with respect to each of the
        Obligors: (i) Articles of Organization or Incorporation, as applicable
        (or, in the alternative, a certification that none of such documents
        have been modified since delivery thereof in connection with the
        execution and delivery of the Reimbursementn Agreement), (ii) Operating
        Agreement or By-laws, as applicable (or, in the alternative, a
        certification that none of such documents have been modified since
        delivery thereof in connection with the execution and delivery of the
        Reimbursement Agreement), (iii) a Good Standing Certificate issued by
        the Department of Treasury of the State of New Jersey, and (iv) the
        resolutions adopted by the members or board of directors, as applicable,
        authorizing the execution, delivery and performance of this Third
        Amendment and each other document to be executed, delivered and
        performed by such Obligor from time to time in connection with the
        Reimbursement Agreement as amended hereby.

        c.   Opinion of Counsel. The Administrative Agent shall have received an
        opinion letter of Cozen O'Conner, counsel to the Obligors, as to such
        matters as the Administrative Agent shall reasonably request, addressed
        to the Administrative Agent, the Fronting Bank and the Banks.

        d.   Other Documents. The Administrative Agent shall have received such
        other documents, approvals and opinions as the Administrative Agent,
        the Fronting Bank and the Banks may reasonably request.

        e.   Fees. The Administrative Agent shall have received (for its own
        account and the account of the Banks, as applicable) all of the fees
        required to be received in connection with this Third Amendment,
        including, without limitation, the fees set forth in that certain Fee
        Arrangement Letter dated July 7, 2004, among the Administrative Agent,
        Wachovia Capital Markets, LLC, and the Obligors.

        5.       Expenses. The Obligors shall pay (a) all out-of-pocket expenses
of the Administrative Agent (including reasonable fees and disbursements of
counsel for the Administrative Agent) in connection with the preparation of
this Third Amendment and any other instruments or documents to be delivered
hereunder, any waiver or consent hereunder or thereunder or any amendment hereof
or thereof; and (b) if an Event of Default occurs, all out-of-pocket expenses
incurred by the Administrative Agent and each of the Banks, including fees and
disbursements of counsel for the Administrative Agent and each of the Banks, in
connection with such Event of Default and collection and other enforcement
proceedings resulting therefrom, including out-of-pocket expenses incurred in
enforcing the Reimbursement Agreement as amended by this Third Amendment, and
each Related Document.

        6.       Successors and Assigns. This Third Amendment shall be binding
upon and inure to the benefit of each of the parties hereto and its respective
successors and assigns. The successor and assigns of such entities shall
include, without limitation, their respective receivers, trustees, or
debtors-in-possession.

                                      -4-

        7.       Further Assurances. The Obligors hereby agree from time to
time, as and when requested by the Administrative Agent, to execute and deliver
or cause to be executed and delivered, all such documents, instruments and
agreements and to take or cause to be taken such further or other action as the
Administrative Agent may reasonably deem necessary in order to carry out the
intent and purposes of this Third Amendment.

        8.       Ratification. Except as herein provided, the Reimbursement
Agreement shall remain unchanged and shall continue to be in full force and
effect and is hereby ratified and confirmed in all respects. It is the intention
and understanding of the parties hereto that this Third Amendment shall act as
an amendment to the Reimbursement Agreement and shall not act as a novation of
the indebtedness evidenced by the Reimbursement Agreement.

        9.       General. References (i) in the Reimbursement Agreement to "this
Agreement" (and indirect references such as "hereunder," "hereof" and words of
like import referring to the Reimbursement Agreement), and (ii) in the Related
Documents to "the Reimbursement Agreement" (and indirect references such as
"thereunder," "thereof" and words of like import referring to the Reimbursement
Agreement) shall be deemed to be references to the Reimbursement Agreement as
amended by this Third Amendment.

        10.      Definitions. All references to the singular shall be deemed to
include the plural and vice versa where the context so requires.

        11.      Governing Law. THIS THIRD AMENDMENT SHALL BE GOVERNED BY AND
CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK, WITHOUT GIVING
EFFECT TO NEW YORK CHOICE OF LAW PRINCIPLES.

        12.      Severability. Wherever possible, each provision of this Third
Amendment shall be interpreted in such manner as to be effective and valid under
applicable law, but if any provision of this Third Amendment shall be prohibited
by or invalid under such law, then such provision shall be ineffective to the
extent of such prohibition or invalidity without invalidating the remainder of
such provision or the remaining provisions of this Third Amendment.

        13.      Execution in Counterparts. This Third Amendment may be executed
in any number of counterparts and by different parties hereto in separate
counterparts, each of which when so executed shall be deemed to be an original
and all of which taken together shall constitute one and the same agreement.

        14.      Section Headings. The section headings herein are for
convenience of reference only, and shall not affect in any way the
interpretation of any of the provisions hereof.

                            [SIGNATURE PAGES FOLLOW]

                                      -5-_____ Amendment

Exhibit 10.1

Declaration of Amendment

to

UAL Corporation

Success Sharing Program -

Performance Incentive Plan

 

       WHEREAS, UAL Corporation has adopted
the UAL Corporation Success Sharing Program - Performance Incentive Plan
(the "Plan"); and

       WHEREAS, the Plan reserves to the
UAL Corporation's Senior Vice President - People the authority (i) to establish
or amend Exhibits to the Plan reflecting the terms of the Plan as applied
to International Employees and (ii) to amend the definition of Wages as
reflected in Appendix B.

       NOW, THEREFORE, the undersigned
hereby amends, effective January 1, 2004, Appendix B to read as set forth
in the attached revised Appendix B and hereby amends Exhibits D, L and
N to read as set forth in the attached revised Exhibits D, L and N.

       IN WITNESS WHEREOF, the undersigned
has executed this Declaration of Amendment this 15th day of July, 2004.

 

 

 

 

 /s/ Sara A. Fields

 Sara A. Fields

  Senior Vice President - People

 

 

Appendix B

Wages

B-1.  Inclusions.  For purposes of Paragraph
III.C.1. the following items are included in the definition of Wages:

	
base pay
	
overtime pay
	
holiday pay
	
longevity pay
	
sick pay
	
lead/purser/service director pay
	
high skill premium/longevity pay
	
language premium
	
international and night flying premium pay
	
pay for time taken as vacation
	
payment for accrued vacation not taken as vacation when paid on account
of (i) a leave or (ii) a termination of employment due to a reduction in
force or for military leave
	
shift differential pay
	
back pay (other than judicial or administrative awards of grievance pay
or back pay or settlement thereof)
	
delayed activation pay
	
bypass pay
	
check pilot premium pay
	
double town salary expense
	
senior/junior manning pay
	
operational integrity pay
	
temporary reclass pay
	
Hawaiian override

B-2.  Exclusions.  For purposes of Paragraph III.C.2.
the following items are excluded in the definition of Wages:
	
deferred compensation (other than pursuant to Code Sec. 125 or 401(k))
	
moving expense and similar allowances
	
KERP I and KERP II awards
	
performance incentive awards, profit sharing awards or sales incentive
awards
	
expense reimbursements and per diems
	
severance, termination pay and related payments
	
payment for accrued vacation time not taken as vacation when paid on account
of termination of employment, other than on account of a reduction in force
or for a military leave
	
disability and workers compensation payments
	
duty-free commissions
	
recognition lump sums
	
flight expense
	
retropay created by execution of a collective bargaining agreement, unless
the collective bargaining agreement requires inclusion
	
reimbursable cleaning
	
Employer contributions to employee benefit plans
	
solely for purposes of making an award payment under this Plan, judicial
or administrative awards for grievance pay or back pay (including settlements
thereof)
	
imputed income for employee or dependent life insurance coverage
	
imputed income from pass service charges
	
taxable travel
	
imputed income from domestic partner benefits
	
cash payments made pursuant to any agreement, program, arrangement or plan
designed to compensate an employee for amounts that may not be credited
or allocated to the employee under a qualified retirement plan due to limitations
imposed by tax laws
	
taxable fringe benefits, including taxable reimbursement of insurance premiums
	
expatriate allowances
	
hiring bonuses or other special payments relating to the initiation of
employment
	
amounts realized with respect to restricted stock, non-qualified stock
options or stock appreciation rights
	
lost luggage advance
	
interest payments

B-3.  Special Crediting Rule.  For purposes of
allocating Wages earned by a Qualified Employee for services rendered during
a Performance Period but received following termination of employment,
such Wages will be treated as received on the Qualified Employee's last
day of employment with the Employer.

Exhibit D

Brazil

            I.    

Participation.

        A.   
Eligibility. 
International Employees who are working regularly in Brazil, who are on
the Employer's Brazilian payroll and who are not subject to the terms of
a collective bargaining agreement with the Employer, unless the terms of
such agreement require that such employees participate in the Plan, are
eligible to participate in the Plan ("Covered Brazilian Employees").
        B.   
Acknowledgement. 
In order to receive an award under the Plan, a Covered Brazilian Employee
must execute a written acknowledgement in the form and manner established
by the Employer.

 

 
    II      Plan Terms.

 

A.     Plan Type.  The Plan shall
be implemented in Brazil as a profit sharing plan.
B.     Collective Bargaining Agreement. 
The terms of the Plan as applied to Covered Brazilian Employees shall be
subject to the terms of any collective bargaining agreement.

C.     Time of Payments.  Covered Brazilian
Employees will be paid their Quarterly Incentive Awards for the first and
second calendar quarters, if any, on or about the August 31 immediately
following such calendar quarters, and their Quarterly Incentive Awards
for the third and fourth quarters, if any, on or about the March 31 immediately
following such calendar quarters. Any Incentive Award for a calendar year
will be payable on or about the March 31 immediately following such calendar
year.

D.     Expiration.  This Exhibit D shall
terminate effective December 31, 2004.

 

 

Exhibit L
Japan

I.       Participation.

        A.   
Eligibility. 
International Employees who are working regularly in Japan, who are on
the Employer's Japanese payroll and who are not subject to the terms of
a collective bargaining agreement with the Employer, unless the terms of
such agreement require that such employees participate in the plan, are
eligible to participate in the Plan ("Covered Japanese Employee").
II.      Plan Terms.  The terms
of the Plan as applied to a Covered Japanese Employee shall be established
by the terms of a separate writing approved by the Company's Senior Vice
President - People.

 

 

Exhibit N
Mexico

I.      Participation.

        A.   
Eligibility. 
International Employees who are working regularly in Mexico, who are on
the Employer's Mexican payroll and who are not subject to the terms of
a collective bargaining agreement with the Employer, unless the terms of
such agreement require that such employees participate in the Plan, are
eligible to participate in the Plan ("Covered Mexican Employees").
        B.   
Acknowledgement. 
In order to receive an award under the Plan, a Covered Mexican Employee
must execute a written acknowledgement in the form and manner established
by the Employer.

 

 

        II.    

Plan Terms.

A.     Offset For Mandatory Profit Sharing. 
A Covered Mexican Employee's award under the Plan shall be offset (but
not below zero) by the amount of any profit sharing payment such employee
is entitled to receive under Mexico's mandatory profit sharing law.
B.     Expiration.  This Exhibit N shall
terminate effective December 31, 2004.

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