Document:

EX-10.2

Exhibit 10.2

AMENDMENT NO. 2

UNITED AMERICA INDEMNITY, LTD.

SHARE INCENTIVE PLAN

This AMENDMENT No. 2 (the “Amendment”) dated 31 March 2005 amends the terms and conditions of
the United National Group, Ltd. Share Incentive Plan dated 5 September 2003 (the “Plan”).

WHEREAS, by written resolution of the Directors of United America Indemnity, Ltd., an exempted
company incorporated with limited liability under the law of the Cayman Islands (the “Company”),
dated 15 September 2003, the Plan was unanimously approved by the Directors of the Company; and

WHEREAS, the Board of Directors of the Company desire to effect the revisions to the Plan set
forth herein effective the date hereof.

NOW, THEREFORE, the Plan is amended as follows:

	 	1.	 	The first sentence of Section 3 of the Plan is amended to read in its entirety as
follows:

“The total number of Common Shares reserved and available for grant under the Plan
shall be 5,000,000 (subject to any increase or decrease pursuant to this Section 3).”

2. The Plan is hereby renamed the “United America Indemnity, Ltd. Share Incentive Plan.”

	 	3.	 	All references to “stock” in the Plan shall be understood to mean “share” or
“shares,” as appropriate.

	 	4.	 	Any reference to the “New York Stock Exchange” shall be struck and replaced with the
“Nasdaq National Market.”

5. The first sentence of Section 5 of the Plan is hereby amended to read as follows:

“The Board or the Committee as its duly authorized delegate shall have the authority to grant
Participants Share Options.”EX-10.3

Exhibit 10.3

INTEGRATION BONUS PLAN

The following objectives shall be used to calculate the amount of each eligible executive’s
Annual Integration Bonus (as defined below). Eligible executives are listed below.

The Annual Integration Bonus with respect to a given fiscal year (e.g., 2005 or 2006) (the
“Bonus Determination Year”) shall be equal to the product of (i) 50% of the Target Integration
Bonus (as defined below) and (ii) the Percentage (as defined below), subject to any other
provisions of each eligible executive’s employment agreement with Penn-America Group, Inc.
(“Penn-America”), governing such Bonus (including, without limitation, provisions regarding the
payment of the Bonus in shares of United America Indemnity, Ltd.). In no instance shall any
payments hereunder to any single executive exceed $450,000 with respect to any Bonus Determination
Year. The Board of Directors of each executive’s employer shall retain the sole and exclusive
authority and discretion to administer and interpret the terms of this arrangement with respect to
each such executive, including without limitation, the determination of whether the targets and
objectives set forth below have been satisfied, and its determination and judgment shall be made in
good faith.

	 	 	 	 	 
	Penn-America Income Targets	 	 	 	 
	Pre-tax operating income of Penn-America for the
Bonus Determination Year before giving effect to any
	 	The Percentage
	transactions with Wind River Insurance Company, Ltd.
	 	Equals
	 
	 	 	 	 
	80% of the Target Income (as defined below) or less
	 	 	0	%
	Greater than 80% but less than 100% of the Target Income
	 	pro-rata (in a linear manner)
	100% of the Target Income or greater
	 	 	75	%
	The Target Income shall be equal to $36,483,000 for 2005 and $40,131,000 for 2006.

	Target Integration Bonus
	 	 	 	 
	 
	 	 	 	 
	Executive
	 	Target Integration Bonus Equals

	 
	 	 	 	 
	Jon S. Saltzman
	 	$	900,000	 
	Joseph F. Morris
	 	$	780,000	 

J. Ransley Lennon $175,000

	 	 	 	 	 
	Garland P. Pezzuolo
	 	$	155,000	 
	Craig Levitz
	 	$	125,000	 
	Brian J. Riley
	 	$	165,000	 
	John D. Curry
	 	$	200,000	 
	Richard M. Slomiany
	 	$	150,000EX-4.1

FIFTH SUPPLEMENTAL INDENTURE

FIFTH SUPPLEMENTAL INDENTURE (this “Fifth Supplemental Indenture”), dated April 13, 2005, by
and among AmeriGas Partners, L.P., a Delaware limited partnership (the “Company”), AP Eagle Finance
Corp., a Delaware corporation (the “Co-Issuer,” and together with the Company, the “Issuers”) and
Wachovia Bank, National Association (as successor to First Union National Bank), as trustee (the
“Trustee”).

W I T N E S S E T H

WHEREAS, the Issuers and the Trustee are parties to an Indenture dated August 21, 2001 (the
“Original Indenture”), providing for the issuance of an aggregate principal amount of $200,000,000
of 8?% Senior Subordinated Notes due 2011 (the “Notes”);

WHEREAS, the Original Indenture was amended and supplemented by a Supplemental Indenture,
dated May 3, 2002 (the “First Supplemental Indenture”), pursuant to which the Issuers issued
additional Notes in the aggregate principal amount of $40,000,000;

WHEREAS, the Original Indenture was further amended and supplemented by a Second Supplemental
Indenture, dated December 3, 2002 (the “Second Supplemental Indenture”), pursuant to which the
Issuers issued additional Notes in the aggregate principal amount of $88,000,000;

WHEREAS, the Original Indenture was further amended and supplemented by a Third Supplemental
Indenture, dated April 16, 2003 (the “Third Supplemental Indenture”), pursuant to which the Issuers
issued additional Notes in the aggregate principal amount of $32,000,000;

WHEREAS, the Original Indenture was further amended and supplemented by a Fourth Supplemental
Indenture, dated April 27, 2004 (the “Fourth Supplemental Indenture”), pursuant to which the
Issuers issued additional Notes in the aggregate principal amount of $28,000,000;

WHEREAS, the Company has commenced a tender offer (the “Tender Offer”) for the Notes and, in
connection therewith, a solicitation of consents (the “Solicitation”) from the holders of the Notes
(the “Holders”) to certain amendments to the Original Indenture (as amended and supplemented by the
First Supplemental Indenture, the Second Supplemental Indenture, the Third Supplemental Indenture
and the Fourth Supplemental Indenture, the “Indenture”) as set forth in the Offer to Purchase and
Consent Solicitation Statement of the Company dated April 4, 2005;

WHEREAS, pursuant to the Solicitation, the Holders of at least a majority in aggregate
principal amount of the Notes outstanding have consented to the amendments effected by this Fifth
Supplemental Indenture in accordance with the provisions of the Indenture;

WHEREAS, pursuant to Sections 10.4 and 10.5 of the Indenture, there has been delivered to the
Trustee on the date hereof an Officers’ Certificate and an Opinion of Counsel certifying that this
Fifth Supplemental Indenture complies with applicable provisions of the Indenture.

NOW THEREFORE, in consideration of the foregoing and the mutual premises and covenants
contained herein and for other good and valuable consideration, the parties hereto agree as
follows:

	 	1)	 	DEFINITIONS. Capitalized terms used but not defined in this Fifth Supplemental Indenture
shall have the specified meanings set forth in the Original Indenture.

2) AMENDMENTS TO INDENTURE.

	 	a)	 	The amendments set forth in this Supplemental Indenture shall become operative on the
date that the Company notifies Wachovia Bank, National Association, in its capacity as
Depositary in connection with the Tender Offer, that the Notes tendered are accepted for
purchase and payment pursuant to the Tender Offer. If the Notes are not accepted for
payment by the Company for any reason, the amendments set forth herein will not become
operative.

	 	b)	 	The sections of the Indenture identified below will be deleted or amended as indicated.
In addition, any references in the Indenture to sections deleted pursuant to this Fifth
Supplemental Indenture shall be of no further force and effect.

	 	i)	 	Sections 3.10, 4.3, 4.4, 4.8, 4.9, 4.10, 4.11, 4.12, 4.13, 4.14, 4.15, 4.16 and
4.17 of the Indenture shall be deleted in their entirety, and the remaining sections of
Article 4 shall be renumbered accordingly. Any references in the Indenture to Sections
4.5, 4.6 or 4.7, shall hereinafter refer to Sections 4.3, 4.4 and 4.5, respectively.

	 	ii)	 	Clauses (a) and (b) of Section 5.1 of the Indenture shall be replaced by the
following language:

(a) The Partnership shall not consolidate or merge with or into
(whether or not the Partnership is the surviving Person), or sell,
assign, transfer, lease, convey or otherwise dispose of all or
substantially all of its properties or assets in one or more related
transactions to, another Person unless the Person formed by or
surviving any such consolidation or merger (if other than the
Partnership) or the Person to which such sale, assignment, transfer,
lease, conveyance or other disposition shall have been made assumes
all the obligations of the Partnership pursuant to a supplemental
indenture in a form reasonably satisfactory to the Trustee, under
the Notes and this Indenture.

(b) Finance Corp. shall not consolidate or merge with or into
(whether or not Finance Corp. is the surviving Person), or sell,
assign, transfer, lease, convey or otherwise dispose of all or
substantially all of its properties or assets in one or more related
transactions to, another Person unless the Person formed by or
surviving any such consolidation or merger (if other than Finance
Corp.) or the Person to which such sale, assignment, transfer,
lease, conveyance or other disposition shall have been made assumes
all the obligations of Finance Corp., pursuant to a supplemental
indenture in a form reasonably satisfactory to the Trustee, under
the Notes and this Indenture.

	 	iii)	 	Section 6.1 of the Indenture shall be amended by deleting clauses (4), (5), (6)
and (7) in their entirety.

	 	iv)	 	Section 8.4 of the Indenture shall be amended by deleting clauses (b), (c) and
(f) in their entirety (and relettering the remaining clauses of Section 8.4
accordingly), and by replacing clause (a) with the following language:

(a) the Issuers must irrevocably deposit with the Trustee, in
trust, for the benefit of the Holders, cash in United States
dollars, non-callable Government Securities, or a combination
thereof, in such amounts as will be sufficient to pay the principal
of, premium and Liquidated Damages, if any, and interest on the
outstanding Notes on the stated date for payment thereof or on the
applicable redemption date, as the case may be;

	 	3)	 	RATIFICATION OF INDENTURE; SUPPLEMENTAL INDENTURE PART OF INDENTURE. Except as expressly
amended hereby, the Indenture is in all respects ratified and confirmed and all the terms,
conditions and provisions thereof shall remain in full force and effect. This Fifth
Supplemental Indenture shall form a part of the Indenture for all purposes, and every Holder
of Notes (whether heretofore or hereafter authenticated and delivered) shall be bound hereby.

	 	4)	 	GOVERNING LAW. This Fifth Supplemental Indenture shall be governed by, and construed in
accordance with, the laws of the state of New York but without giving effect to applicable
principles of conflicts of law to the extent that the application of the laws of another
jurisdiction would be required thereby.

	 	5)	 	TRUSTEE MAKES NO REPRESENTATION. The Trustee makes no representation as to the validity or
sufficiency of this Fifth Supplemental Indenture.

	 	6)	 	COUNTERPARTS. The parties may sign any number of copies of this Fifth Supplemental
Indenture. Each signed copy shall be an original, but all of them together represent the same
agreement.

	 	7)	 	EFFECT OF HEADINGS. The section headings herein are for convenience only and shall not
effect the construction thereof.

	 	8)	 	CONFLICT WITH TIA. If any provision hereof limits, qualifies or conflicts with another
provision hereof which is required to be included in this Fifth Supplemental Indenture by any
provision of the Trust Indenture Act of 1939, as amended, such required provision shall
control.

	 	9)	 	SUCCESSORS AND ASSIGNS. All covenants and agreements in this Fifth Supplemental Indenture by
the Company shall bind its successors and assigns, whether so expressed or not.

	 	10)	 	SEPARABILITY CLAUSE. In case any provision in this Fifth Supplemental Indenture shall be
invalid, illegal or unenforceable, the validity, legality and enforceability of the remaining
provisions shall not in any way be affected or impaired thereby.

1

IN WITNESS WHEREOF, the parties hereto have caused this Fifth Supplemental Indenture to be
duly executed, all as of the date first written above.

COMPANY:

AMERIGAS PARTNERS, L.P.

by AmeriGas Propane, Inc., as General Partner

By:

Name: Robert W. Krick

Title: Vice President and Treasurer

CO-ISSUER:

AP EAGLE FINANCE CORP.

By:

Name: Robert W. Krick

Title: Vice President and Treasurer

TRUSTEE:

WACHOVIA BANK, NATIONAL ASSOCIATION, as Trustee

	 	 	 	 	 
	By:
	 	 	—	 
	   Name:

	   Title:

2

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00084-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00084-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00084-of-00352.parquet"}]]