Document:

exv4w1

 

EXHIBIT 4.1

2003 STOCK COMPENSATION PLAN

of

LJ INTERNATIONAL INC.

(a British Virgin Islands international business company)

 

 

TABLE OF CONTENTS

* * *

2003 STOCK COMPENSATION PLAN

of

LJ INTERNATIONAL INC.

	 	 	 	 	 	 	 	 	 	 	 	 	 
	SECTION	 	SUBJECT	 	PAGE
	 	1.	 	 	Purpose of Plan	 	 	1	 
	 	2.	 	 	Stock Subject to the Plan	 	 	2	 
	 	3.	 	 	Administration of the Plan	 	 	2	 
	 	 	 	 	(a)	 	General	 	 	2	 
	 	 	 	 	(b)	 	Changes in Law Applicable	 	 	5	 
	 	4.	 	 	Type of Awards Under the Plan	 	 	5	 
	 	5.	 	 	Persons to Whom Options Shall Be Granted	 	 	5	 
	 	 	 	 	(a)	 	Nonqualified Options	 	 	5	 
	 	 	 	 	(b)	 	Incentive Options	 	 	5	 
	 	6.	 	 	Factors to Be Considered in Granting Options	 	 	6	 
	 	7.	 	 	Time of Granting Options	 	 	6	 
	 	8.	 	 	Terms and Conditions of Options	 	 	6	 
	 	 	 	 	(a)	 	Number of Shares	 	 	6	 
	 	 	 	 	(b)	 	Type of Option	 	 	7	 
	 	 	 	 	(c)	 	Option Period	 	 	7	 
	 	 	 	 	 	 	(1)
	 	General
	 	 	7	 
	 	 	 	 	 	 	(2)
	 	Termination of Employment
	 	 	7	 
	 	 	 	 	 	 	(3)
	 	Cessation of Service as Director
or Advisor
	 	 	7	 
	 	 	 	 	 	 	(4)
	 	Disability
	 	 	8	 
	 	 	 	 	 	 	(5)
	 	Death
	 	 	8	 

 

 

	 	 	 	 	 	 	 	 	 	 	 	 	 
	SECTION	 	SUBJECT	 	PAGE
	 	 	 	 	 	 	(6)
	 	Acceleration and Exercise Upon
Change of Control
	 	 	9	 
	 	 	 	 	(d)	 	Option Prices	 	 	11	 
	 	 	 	 	 	 	(1)
	 	Nonqualified Options
	 	 	11	 
	 	 	 	 	 	 	(2)
	 	Incentive Options
	 	 	11	 
	 	 	 	 	 	 	(3)
	 	Determination of Fair Market
Value
	 	 	12	 
	 	 	 	 	(e)	 	Exercise of Options	 	 	12	 
	 	 	 	 	(f)	 	Nontransferability of Options	 	 	13	 
	 	 	 	 	(g)	 	Limitations on 10% Shareholders	 	 	14	 
	 	 	 	 	(h)	 	Compliance with Securities Laws	 	 	14	 
	 	 	 	 	(i)	 	Additional Provisions	 	 	15	 
	 	9.	 	 	Medium and Time of Payment	 	 	16	 
	 	10.	 	 	Rights as a Shareholder	 	 	17	 
	 	11.	 	 	Optionee’s Agreement to Serve	 	 	17	 
	 	12.	 	 	Adjustments on Changes in Capitalization	 	 	18	 
	 	 	 	 	(a)	 	Changes in Capitalization	 	 	18	 
	 	 	 	 	(b)	 	Reorganization,
Dissolution or Liquidation	 	 	18	 
	 	 	 	 	(c)	 	Change in Par Value	 	 	19	 
	 	 	 	 	(d)	 	Notice of Adjustments	 	 	19	 
	 	 	 	 	(e)	 	Effect Upon Holder of Option	 	 	19	 
	 	 	 	 	(f)	 	Right of Company to Make Adjustments	 	 	21	 
	 	13.	 	 	Investment Purpose	 	 	21	 
	 	14.	 	 	No Obligation to Exercise Option	 	 	22	 
	 	15.	 	 	Modification, Extension, and Renewal
of Options	 	 	22	 
	 	16.	 	 	Effective Date of the Plan	 	 	22	 
	 	17.	 	 	Termination of the Plan	 	 	22	 
	 	18.	 	 	Amendment of the Plan	 	 	23	 
	 	19.	 	 	Withholding	 	 	23	 
	 	20.	 	 	Indemnification of Committee	 	 	24	 

(ii)

 

	 	 	 	 	 	 	 	 	 	 	 	 	 
	SECTION	 	SUBJECT	 	PAGE
	 	21.	 	 	Application of Funds	 	 	24	 
	 	22.	 	 	Governing Law	 	 	24	 

(iii)

 

2003 STOCK COMPENSATION PLAN

OF

LJ INTERNATIONAL INC.

     1.     Purpose of Plan. This 2003 Stock Compensation Plan (“Plan”) is
intended to encourage ownership of the common stock of LJ INTERNATIONAL INC., a
British Virgin Islands international business company, (“Company”) by certain
officers, directors, employees and advisors of the Company or any Subsidiary or
Subsidiaries of the Company (as hereinafter defined) in order to provide
additional incentive for such persons to promote the success and the business
of the Company or its Subsidiaries and to encourage them to remain in the
employ of the Company or its Subsidiaries by providing such persons an
opportunity to benefit from any appreciation of the common stock of the Company
through the issuance of stock options to such persons in accordance with the
terms of the Plan. It is further intended that options granted pursuant to
this Plan shall constitute either incentive stock options (“Incentive Options”)
within the meaning of Section 422 (formerly Section 422A) of the Internal
Revenue Code of 1986, as amended (“Code”), or options which do not constitute
Incentive Options (“Nonqualified Options”) as determined by the Committee (as
hereinafter defined) at the time of issuance of such options. Incentive
Options and Nonqualified Options are herein sometimes referred to collectively
as “Options.” As used herein, the term Subsidiary or Subsidiaries shall mean
any corporation (other than the employer corporation) in an unbroken chain of
corporations beginning with the employer corporation if, at the time of
granting of the Option, each of the corporations other than the last
corporation in the unbroken chain owns stock possessing fifty

Page 1

 

percent (50%) or more of the total combined voting power of all classes of
stock in one of the other corporations in such chain.

     2.     Stock Subject to the Plan. Subject to adjustment as provided in
Section 12 hereof, there will be reserved for the use upon the exercise of
Options to be granted from time to time under the Plan, an aggregate of four
million (4,000,000) shares of the common stock, $.01 par value, of the Company
(“Common Stock”), which shares in whole or in part shall be authorized, but
unissued, shares of the Common Stock or issued shares of Common Stock which
shall have been reacquired by the Company as determined from time to time by
the Board of Directors of the Company (“Board of Directors”). To determine the
number of shares of Common Stock available at any time for the granting of
Options under the Plan, there shall be deducted from the total number of
reserved shares of Common Stock, the number of shares of Common Stock in
respect of which Options have been granted pursuant to the Plan which remain
outstanding or which have been exercised. If and to the extent that any Option
to purchase reserved shares shall not be exercised by the optionee for any
reason or if such Option to purchase shall terminate as provided herein, such
shares which have not been so purchased hereunder shall again become available
for the purposes of the Plan unless the Plan shall have been terminated, but
such unpurchased shares shall not be deemed to increase the aggregate number of
shares specified above to be reserved for purposes of the Plan (subject to
adjustment as provided in Section 12 hereof).

     3.     Administration of the Plan.

          (a) General. The Plan shall be administered by the full Board of
Directors or by a Compensation Committee (“Committee”) appointed by the Board
of Directors, which

Page 2

 

Committee shall consist solely of not less than two (2) non-employee
Directors. All references in this Plan to the Committee shall be deemed to
refer instead to the full Board of Directors at any time there is not a
committee qualified to act hereunder. The Board of Directors may from time to
time appoint members of the Committee in substitution for or in addition to
members previously appointed and may fill vacancies, however caused, in the
Committee. If the Board of Directors does not designate a Chairman of the
Committee, the Committee shall select one of its members as its Chairman. The
Committee shall hold its meetings at such times and places at it shall deem
advisable. A majority of its members shall constitute a quorum. Any action of
the Committee shall be taken by a majority vote of its members at a meeting at
which a quorum is present. Notwithstanding the preceding, any action of the
Committee may be taken without a meeting by a written consent signed by all of
the members, and any action so taken shall be deemed fully as effective as if
it had been taken by a vote of the members present in person at the meeting
duly called and held. The Committee may appoint a Secretary, shall keep
minutes of its meetings, and shall make such rules and regulations for the
conduct of its business at it shall deem advisable.

     The Committee shall have the sole authority and power, subject to the
express provisions and limitations of the Plan, to construe the Plan and option
agreements granted hereunder, and to adopt, prescribe, amend, and rescind rules
and regulations relating to the Plan, and to make all determinations necessary
or advisable for administering the Plan, including, but not limited to, (i) who
shall be granted Options under the Plan, (ii) the term of each Option, (iii)
the number of shares covered by such Option, (iv) whether the Option shall
constitute an Incentive Option or a Nonqualified Option, (v) the exercise price
for the purchase of the shares of the Common Stock

Page 3

 

covered by the Option, (vi) the period during which the Option may be
exercised, (vii) whether the right to purchase the number of shares covered by
the Option shall be fully vested on issuance of the Option so that such shares
may be purchased in full at one time or whether the right to purchase such
shares shall become vested over a period of time so that such shares may only
be purchased in installments, and (viii) the time or times at which Options
shall be granted. The Committee’s determinations under the Plan, including the
above enumerated determinations, need not be uniform and may be made by it
selectively among the persons who receive, or are eligible to receive, Options
under the Plan, whether or not such persons are similarly situated.

     The interpretation by the Committee of any provision of the Plan or of any
option agreement entered into hereunder with respect to any Incentive Option
shall be in accordance with Section 422 of the Code and the regulations issued
thereunder, as such section or regulations may be amended from time to time, in
order that the rights granted hereunder and under said option agreements shall
constitute “Incentive Stock Options” within the meaning of such section. The
interpretation and construction by the Committee of any provision of the Plan
or of any Option granted hereunder shall be final and conclusive, unless
otherwise determined by the Board of Directors. No member of the Board of
Directors or the Committee shall be liable for any action or determination made
in good faith with respect to the Plan or any Option granted under it. Upon
issuing an Option under the Plan, the Committee shall report to the Board of
Directors the name of the person granted the Option, whether the Option is an
Incentive Option or a Nonqualified Option, the number of shares of Common Stock
covered by the Option, and the terms and conditions of such Option.

Page 4

 

          (b) Changes in Law Applicable. If the laws relating to Incentive Options
or Nonqualified Options are changed, altered or amended during the term of the
Plan, the Board of Directors shall have full authority and power to alter or
amend the Plan with respect to Incentive Options or Nonqualified Options,
respectively, to conform to such changes in the law, unless the changes require
shareholder approval.

     4.     Type of Awards Under the Plan. Awards under the Plan shall be in the
form of Options.

     5.     Persons to Whom Options Shall Be Granted.

          (a) Nonqualified Options. Nonqualified Options shall be granted only to
officers, directors, employees and advisors of the Company or a Subsidiary who,
in the judgment of the Committee, are responsible for or contribute to the
management or success of the Company or a Subsidiary and who, at the time of
the granting of the Nonqualified Options, are either officers, directors,
employees or advisors of the Company or a Subsidiary.

          (b) Incentive Options. Incentive Options shall be granted only to
employees of the Company or a Subsidiary who, in the judgment of the Committee,

are responsible for or contribute to the management or success of the Company
or a Subsidiary and who, at the time of the granting of the Incentive Option
are an employee of either the Company or a Subsidiary pursuant to an effective
employment agreement. Subject to the provisions of Section 8(g) hereof, no
individual shall be granted an Incentive Option who, immediately before such
Incentive Option was granted, would own more than ten percent (10%) of the
total combined voting power or value of all classes of stock of the Company
(“10% Shareholder”).

Page 5

 

     6.     Factors to Be Considered in Granting Options. In making any
determination as to persons to whom Options shall be granted and as to the
number of shares to be covered by such Options, the Committee shall take into
account the duties and responsibilities of the respective officers, directors,
employees, or advisors, their current and potential contributions to the
success of the Company or a Subsidiary, and such other factors as the Committee
shall deem relevant in connection with accomplishing the purpose of the Plan.

     7.     Time of Granting Options. Neither anything contained in the Plan or in
any resolution adopted or to be adopted by the Board of Directors or the
Shareholders of the Company or a Subsidiary nor any action taken by the
Committee shall constitute the granting of any Option. The granting of an
Option shall be effected only when a written Option Agreement acceptable in
form and substance to the Committee, subject to the terms and conditions hereof
including those set forth in Section 8 hereof, shall have been duly executed
and delivered by or on behalf of the Company and the person to whom such Option
shall be granted. No person shall have any rights under the Plan until such
time, if any, as a written Option Agreement shall have been duly executed and
delivered as set forth in this Section 7.

     8.     Terms and Conditions of Options. All Options granted pursuant to this
Plan must be granted within ten (10) years from the date the Plan is adopted by
the Board of Directors of the Company. Each Option Agreement governing an
Option granted hereunder shall be subject to at least the following terms and
conditions, and shall contain such other terms and conditions, not inconsistent
therewith, that the Committee shall deem appropriate:

          (a) Number of Shares. Each Option shall state the number of shares of
Common Stock which it represents.

Page 6

 

          (b) Type of Option. Each Option shall state whether it is intended to be
an Incentive Option or a Nonqualified Option.

          (c) Option Period.

               (1) General. Each Option shall state the date upon which it is granted.
Each Option shall be exercisable in whole or in part during such period as is
provided under the terms of the Option subject to any vesting period set forth
in the Option, but in no event shall an Option be exercisable either in whole
or in part after the expiration of ten (10) years from the date of grant;
provided, however, if an Incentive Option is granted to a 10% Shareholder, such
Incentive Option shall not be exercisable more than five (5) years from the
date of grant thereof.

               (2) Termination of Employment. Except as otherwise provided in case of
Disability (as hereinafter defined), death or Change of Control (as hereinafter
defined), no Option shall be exercisable after an optionee who is an employee
of the Company or a Subsidiary ceases to be employed by the Company or a
Subsidiary as an employee; provided, however, that the Committee shall have the
right in its sole discretion, but not the obligation, to extend the exercise
period following the date of termination of such optionee’s employment;
provided further, however, that no Option shall be exercisable after the
expiration of ten (10) years from the date it is granted and provided further,
no Incentive Option granted to a 10% Shareholder shall be exercisable after the
expiration of five (5) years from the date it is granted.

               (3) Cessation of Service as Director or Advisor. Except as otherwise
provided in case of Disability, death or Change of Control, no Option shall be
exercisable after an optionee who was a director or advisor of the Company or a
Subsidiary ceases to be a director or advisor of the Company or a Subsidiary;
provided, however, that the Committee shall have the

Page 7

 

right in its sole discretion, but not the obligation, to extend the
exercise period following the date such optionee ceases to be a director or
advisor of the Company or a Subsidiary; provided further, however, that no
Option shall be exercisable after the expiration of ten (10) years from the
date it is granted.

               (4) Disability. If an optionee’s employment is terminated by reason of
the permanent and total Disability of such optionee or if an optionee who is a
director or advisor of the Company or a Subsidiary ceases to serve as a
director or advisor by reason of the permanent and total Disability of such
optionee, the Committee shall have the right in its sole discretion, but not
the obligation, to extend the exercise period following the date of termination
of the optionee’s employment or the date such optionee ceases to be a director
or advisor of the Company or a Subsidiary, as the case may be, subject to the
condition that no Option shall be exercisable after the expiration of ten (10)
years from the date it is granted and subject to the further condition that no
Incentive Option granted to a 10% Shareholder shall be exercisable after the
expiration of five (5) years from the date it is granted. For purposes of this
Plan, the term “Disability” shall mean the inability of the optionee to fulfill
such optionee’s obligations to the Company or a Subsidiary by reason of any
physical or mental impairment which can be expected to result in death or which
has lasted or can be expected to last for a continuous period of not less than
twelve (12) months as determined by a physician acceptable to the Committee in
its sole discretion.

               (5) Death. If an optionee dies while in the employ of the Company or a
Subsidiary, or while serving as a director or advisor of the Company or a
Subsidiary, and shall not have fully exercised Options granted pursuant to the
Plan, such Options may be exercised in

Page 8

 

whole or in part at any time within one (1) year after the optionee’s
death, by the executors or administrators of the optionee’s estate or by any
person or persons who shall have acquired the Options directly from the
optionee by bequest or inheritance, but only to the extent that the optionee
was entitled to exercise such Option at the date of such optionee’s death,
subject to the condition that no Option shall be exercisable after the
expiration of ten (10) years from the date it is granted and subject to the
further condition that no Incentive Option granted to a 10% Shareholder shall
be exercisable after the expiration of five (5) years from the date it is
granted.

               (6) Acceleration and Exercise Upon Change of Control.

 Notwithstanding the
preceding provisions of this Section 8(c), if any Option granted under the Plan
provides for either (a) an incremental vesting period whereby such Option may
only be exercised in installments as such incremental vesting period is
satisfied or (b) a delayed vesting period whereby such Option may only be
exercised after the lapse of a specified period of time, such as after the
expiration of one (1) year, such vesting period shall be accelerated upon the
occurrence of a Change of Control (as hereinafter defined) of the Company, or a
threatened Change of Control of the Company as determined by the Committee, so
that such Option shall thereupon become exercisable immediately in part or its
entirety by the holder thereof, as such holder shall elect. For the purposes
of this Plan, a “Change of Control” shall be deemed to have occurred if:

                    (i) Any “person”, including a “group” as determined in accordance with
Section 13(d)(3) of the Securities Exchange Act of 1934 (“Exchange Act”) and
the Rules and Regulations promulgated thereunder, is or becomes, through one or
a series of related transactions or through one or more intermediaries, the
beneficial owner, directly or

Page 9

 

indirectly, of securities of the Company representing 25% or more
of the combined voting power of the Company’s then outstanding securities,
other than a person who is such a beneficial owner on the effective date of the
Plan and any affiliate of such person;

                    (ii) As a result of, or in connection with, any tender offer or exchange
offer, merger or other business combination, sale of assets or contested
election, or any combination of the foregoing transactions (“Transaction”), the
persons who were Directors of the Company before the Transaction shall cease to
constitute a majority of the Board of Directors of the Company or any successor
to the Company;

                    (iii) Following the effective date of the Plan, the Company is merged or
consolidated with another corporation and as a result of such merger or
consolidation less than 40% of the outstanding voting securities of the
surviving or resulting corporation shall then be owned in the aggregate by the
former stockholders of the Company, other than (x) any party to such merger or
consolidation, or (y) any affiliates of any such party;

                    (iv) A tender offer or exchange offer is made and consummated for the
ownership of securities of the Company representing 25% or more of the combined
voting power of the Company’s then outstanding voting securities; or

                    (v) The Company transfers more than 50% of its assets, or the last of a
series of transfers results in the transfer of more than 50% of the assets of
the Company, to another corporation that is not a wholly-owned corporation of
the Company. For purposes of this subsection 8(c)(6)(v), the determination of
what constitutes more than 50% of the assets of the Company shall be determined
based on the sum of the values attributed to (i) the Company’s

Page 10 

 

real property as determined by an independent appraisal thereof, and (ii)
the net book value of all other assets of the Company, each taken as of the
date of the Transaction involved.

     In addition, upon a Change of Control, any Options previously granted
under the Plan to the extent not already exercised may be exercised in whole or
in part either immediately or at any time during the term of the Option as such
holder shall elect.

          (d) Option Prices.

               (1) Nonqualified Options. The purchase price or prices of the shares of
the Common Stock which shall be offered to any person under the Plan and
covered by a Nonqualified Option shall be the price determined by the Committee
at the time of granting of the Nonqualified Option, which price may be less
than, equal to or greater than one hundred percent (100%) of the fair market
value of the Common Stock at the time of granting the Nonqualified Option.

               (2) Incentive Options. The purchase price or prices of the shares of the
Common Stock which shall be offered to any person under the Plan and covered by
an Incentive Option shall be the price determined by the Committee at the time
of granting of the Incentive Option, which price may be less than, equal to or
greater than one hundred percent (100%) of the fair market value of the Common
Stock at the time of granting the Incentive Option; provided, however, if an
Incentive Option is granted to a 10% Shareholder, the purchase price of the
shares of the Common Stock of the Company covered by such Incentive Option may
not be less than one hundred ten percent (110%) of the fair market value of
such shares on the day the Incentive Option is granted.

Page 11 

 

               (3) Determination of Fair Market Value. During such time as the Common
Stock of the Company is not listed upon an established stock exchange, the fair
market value per share shall be deemed to be the closing bid price of the
Common Stock on The Nasdaq Stock Market, Inc. (“Nasdaq”) on the day the Option
is granted, as reported by Nasdaq, if the Common Stock is so quoted, and if not
so quoted, the average of the “bid” and “ask” prices of the Common Stock on the
Electronic Bulletin Board on the day the Option is granted, as reported by the
National Association of Securities Dealers, Inc. If the Common Stock is listed
upon an established stock exchange or exchanges, such fair market value shall
be deemed to be the closing price of the Common Stock on such stock exchange or
exchanges on the day the Option is granted or, if no sale of the Common Stock
of the Company shall have been made on an established stock exchange on such
day, on the next preceding day on which there was a sale of such stock. If
there is no market price for the Common Stock, then the Board of Directors and
the Committee may, after taking all relevant facts into consideration,
determine the fair market value of the Common Stock.

          (e) Exercise of Options. To the extent that a holder of an Option has a
current right to exercise, the Option may be exercised from time to time by
written notice to the Company at its principal place of business. Such notice
shall state the election to exercise the Option, the number of whole shares in
respect of which it is being exercised, shall be signed by the person or
persons so exercising the Option, and shall contain any investment
representation required by Section 8(i) hereof. Such notice shall be
accompanied by payment of the full purchase price of such shares and by the
Option Agreement evidencing the Option. In addition, if the Option shall be
exercised, pursuant to Section 8(c)(4) or Section 8(c)(5) hereof, by any

Page 12 

 

person or persons other than the optionee, such notice shall also be
accompanied by appropriate proof of the right of such person or persons to
exercise the Option. The Company shall deliver a certificate or certificates
representing such shares as soon as practicable after the aforesaid notice and
payment of such shares shall be received. The certificate or certificates for
the shares as to which the Option shall have been so exercised shall be
registered in the name of the person or persons so exercising the Option. In
the event the Option shall not be exercised in full, the Secretary of the
Company shall endorse or cause to be endorsed on the Option Agreement the
number of shares which has been exercised thereunder and the number of shares
that remains exercisable under the Option and return such Option Agreement to
the holder thereof.

          (f) Nontransferability of Options. An Option granted pursuant to the Plan
shall be exercisable only by the optionee or the optionee’s court appointed
guardian as set forth in Section 8(c)(4) hereof during the optionee’s lifetime
and shall not be assignable or transferable by the optionee otherwise than by
Will, the laws of descent and distribution, or as permitted by the rules and
regulations of the Securities and Exchange Commission. An Option granted
pursuant to the Plan shall not be assigned, pledged or hypothecated in any way
(whether by operation of law or otherwise other than by Will, the laws of
descent and distribution, or as permitted by the rules and regulations of the
Securities and Exchange Commission) and shall not be subject to execution,
attachment, or similar process. Any attempted transfer, assignment, pledge,
hypothecation, or other disposition of any Option or of any rights granted
thereunder contrary to the foregoing provisions of this Section 8(f), or the
levy of any attachment or similar process upon an Option or such rights, shall
be null and void.

Page 13 

 

          (g) Limitations on 10% Shareholders. No Incentive Option may be granted
under the Plan to any 10% Shareholder unless (i) such Incentive Option is
granted at an option price not less than one hundred ten percent (110%) of the
fair market value of the shares on the day the Incentive Option is granted and
(ii) such Incentive Option expires on a date not later than five (5) years from
the date the Incentive Option is granted.

          (h) Compliance with Securities Laws. The Plan and the grant and exercise
of the rights to purchase shares hereunder, and the Company’s obligations to
sell and deliver shares upon the exercise of rights to purchase shares, shall
be subject to all applicable federal, foreign and state laws, rules and
regulations, and to such approvals by any regulatory or governmental agency as
may, in the opinion of counsel for the Company, be required, and shall also be
subject to all applicable rules and regulations of any stock exchange upon
which the Common Stock of the Company may then be listed. At the time of
exercise of any Option, the Company may require the optionee to execute any
documents or take any action which may then be necessary to comply with the
Securities Act of 1933, as amended (“Securities Act”), and the rules and
regulations promulgated thereunder, or any other applicable federal or state
laws regulating the sale and issuance of securities, and the Company may, if it
deems necessary, include provisions in the stock option agreements to assure
such compliance. The Company may, from time to time, change its requirements
with respect to enforcing compliance with federal and state securities laws,
including the request for and enforcement of letters of investment intent, such
requirements to be determined by the Company in its judgment as necessary to
assure compliance with said laws. Such changes may be made with respect to any
particular Option or stock issued upon exercise thereof. Without limiting the
generality of the foregoing, if the

Page 14 

 

Common Stock issuable upon exercise of an Option granted under the Plan is
not registered under the Securities Act, the Company at the time of exercise
may require that the registered owner execute and deliver an investment
representation agreement to the Company in form acceptable to the Company and
its counsel, and the Company may place a legend on the certificate evidencing
such Common Stock restricting the transfer thereof, which legend shall be
substantially as follows:

	 	 	 
	 	THE SHARES OF COMMON STOCK REPRESENTED BY THIS
CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE
SECURITIES ACT OF 1933, AS AMENDED, OR ANY APPLICABLE
STATE SECURITIES LAW BUT HAVE BEEN ACQUIRED FOR THE
PRIVATE INVESTMENT OF THE HOLDER HEREOF AND MAY NOT BE
OFFERED, SOLD OR TRANSFERRED UNTIL EITHER (i) A
REGISTRATION STATEMENT UNDER SUCH SECURITIES ACT OR
SUCH APPLICABLE STATE SECURITIES LAWS SHALL HAVE
BECOME EFFECTIVE WITH REGARD THERETO, OR (ii) THE
COMPANY SHALL HAVE RECEIVED AN OPINION OF COUNSEL
ACCEPTABLE TO THE COMPANY AND ITS COUNSEL THAT
REGISTRATION UNDER SUCH SECURITIES ACT OR SUCH
APPLICABLE STATE SECURITIES LAWS IS NOT REQUIRED IN
CONNECTION WITH SUCH PROPOSED OFFER, SALE OR TRANSFER.
	 

          (i) Additional Provisions. The Option Agreement authorized under the Plan
shall contain such other provisions as the Committee shall deem advisable,
including, without limitation, restrictions upon the exercise of the Option.
Any such Option Agreement with respect to an Incentive Option shall contain
such limitations and restrictions upon the exercise of the Incentive Option as
shall be necessary in order that the Option will be an “Incentive Stock Option”
as defined in Section 422 of the Code.

Page 15 

 

     9.     Medium and Time of Payment. The purchase price of the shares of the
Common Stock as to which the Option shall be exercised shall be paid in full
either (i) in cash at the time
of exercise of the Option, (ii) by tendering to the Company shares of the
Company’s Common Stock having a fair market value (as of the date of receipt of
such shares by the Company) equal to the purchase price for the number of
shares of Common Stock purchased, or (iii) partly in cash and partly in shares
of the Company’s Common Stock valued at fair market value as of the date of
receipt of such shares by the Company. Cash payment for the shares of the
Common Stock purchased upon exercise of the Option shall be in the form of
either a cashier’s check, certified check or money order. Personal checks may
be submitted, but will not be considered as payment for the shares of the
Common Stock purchased and no certificate for such shares will be issued until
the personal check clears in normal banking channels. If a personal check is
not paid upon presentment by the Company, then the attempted exercise of the
Option will be null and void. In the event the optionee tenders shares of the
Company’s Common Stock in full or partial payment for the shares being
purchased pursuant to the Option, the shares of Common Stock so tendered shall
be accompanied by fully executed stock powers endorsed in favor of the Company
with the signature on such stock power being guaranteed. If an optionee
tenders shares, such optionee assumes sole and full responsibility for the tax
consequences, if any, to such optionee arising therefrom, including the
possible application of Code Section 424(c), or its successor Code section,
which negates any nonrecognition of income rule with respect to such
transferred shares, if such transferred shares have not been held for the
minimum statutory holding period to receive preferential tax treatment.

Page 16 

 

     10.     Rights as a Shareholder. The holder of an Option shall have no rights
as a shareholder with respect to the shares covered by the Option until the due
exercise of the Option and the date of issuance of one or more stock
certificates to such holder for such shares. No
adjustment shall be made for dividends (ordinary or extraordinary, whether
in cash, securities or other property) or distributions or other rights for
which the record date is prior to the date such stock certificate is issued,
except as provided in Section 12 hereof.

     11.     Optionee’s Agreement to Serve. Each employee receiving an Option
shall, as one of the terms of the Option Agreement, agree that such employee
will remain in the employ of the Company or Subsidiary for a period of at least
one (1) year from the date on which the Option shall be granted to such
employee, and that such employee will, during such employment, devote such
employee’s time, energy, and skill to the service of the Company or a
Subsidiary as may be required by the management thereof, subject to vacations,
sick leaves, and military absences. Such employment, subject to the provisions
of any written contract between the Company or a Subsidiary and such employee,
shall be at the pleasure of the Board of Directors of the Company or a
Subsidiary, and at such compensation as the Company or a Subsidiary shall
reasonably determine. Any termination of such employee’s employment during the
period which the employee has agreed pursuant to the foregoing provisions of
this Section 11 to remain in employment that is either for cause or voluntary
on the part of the employee shall be deemed a violation by the employee of such
employee’s agreement. In the event of such violation, any Option or Options
held by such employee, to the extent not theretofore exercised, shall forthwith
terminate, unless otherwise determined by the Committee. Notwithstanding the
preceding, neither the action of the Company in establishing the Plan nor any
action taken by the Company,

Page 17 

 

a Subsidiary or the Committee under the provisions
hereof shall be construed as granting the optionee the right to be retained in
the employ of the Company or a Subsidiary, or to limit or
restrict the right of the Company or a Subsidiary, as applicable, to
terminate the employment of any employee of the Company or a Subsidiary, with
or without cause.

12.     Adjustments on Changes in Capitalization.

          (a) Changes in Capitalization. The number of shares of Common Stock
covered by the Plan, the number of shares of Common Stock covered by each
outstanding Option and the exercise price per share thereof specified in each
such Option shall be proportionately adjusted for any increase or decrease in
the number of issued shares of Common Stock of the Company resulting from a
subdivision or consolidation of shares or the payment of a stock dividend (but
only on the Common Stock) or any other increase or decrease in the number of
shares effected without receipt of consideration by the Company after the date
the Option is granted, so that upon exercise of the Option, the optionee shall
receive the same number of shares the optionee would have received had the
optionee been the holder of all shares subject to such optionee’s outstanding
Option immediately before the effective date of such change in the number of
issued shares of the Common Stock of the Company.

          (b) Reorganization, Dissolution or Liquidation. A dissolution or
liquidation of the Company or a merger or consolidation in which the Company is
not the surviving corporation shall cause each outstanding Option to terminate
as of a date to be fixed by the Committee (which date shall be as of or prior
to the effective date of any such dissolution or liquidation or merger or
consolidation); provided, that not less than thirty (30) days written notice of
the date so fixed as such termination date shall be given to each optionee, and
each optionee

Page 18 

 

shall, in such event, have the right, during the said period of
thirty (30) days preceding such
termination date, to exercise such optionee’s Option in whole or in part
in the manner herein set forth.

          (c) Change in Par Value. In the event of a change in the Common Stock of
the Company as presently constituted, which change is limited to a change of
all of its authorized shares with par value into the same number of shares with
a different par value or without par value, the shares resulting from any
change shall be deemed to be the Common Stock within the meaning of the Plan.

          (d) Notice of Adjustments. To the extent that the adjustments set forth
in the foregoing paragraphs of this Section 12 relate to stock or securities of
the Company, such adjustments, if any, shall be made by the Committee, whose
determination in that respect shall be final, binding and conclusive, provided
that each Incentive Option granted pursuant to this Plan shall not be adjusted
in a manner that causes the Incentive Option to fail to continue to qualify as
an “Incentive Stock Option” within the meaning of Section 422 of the Code. The
Company shall give timely notice of any adjustments made to each holder of an
Option under this Plan and such adjustments shall be effective and binding on
the optionee.

          (e) Effect Upon Holder of Option. Except as hereinbefore expressly
provided in this Section 12, the holder of an Option shall have no rights by
reason of any subdivision or consolidation of shares of stock of any class or
the payment of any stock dividend or any other increase or decrease in the
number of shares of stock of any class by reason of any dissolution,
liquidation, merger, reorganization, or consolidation, or spin-off of assets or
stock of another corporation. Any issue by the Company of shares of stock of
any class, or securities convertible

Page 19 

 

into shares of stock of any class, shall
not affect, and no adjustment by reason thereof shall be
made with respect to, the number or price of shares of Common Stock
subject to the Option. Without limiting the generality of the foregoing, no
adjustment shall be made with respect to the number or price of shares subject
to any Option granted hereunder upon the occurrence of any of the following
events:

               (1) The grant or exercise of any other options which may be granted or
exercised under any qualified or nonqualified stock option plan or under any
other employee benefit plan of the Company, whether or not such options were
outstanding on the date of grant of the Option or thereafter granted;

               (2) The sale of any shares of Common Stock in the Company’s initial or any
subsequent public offering, including, without limitation, shares sold upon the
exercise of any overallotment option granted to the underwriter in connection
with such offering;

               (3) The issuance, sale or exercise of any warrants to purchase shares of
Common Stock, whether or not such warrants were outstanding on the date of
grant of the Option or thereafter issued;

               (4) The issuance or sale of rights, promissory notes or other securities
convertible into shares of Common Stock in accordance with the terms of such
securities (“Convertible Securities”), whether or not such Convertible
Securities were outstanding on the date of grant of the Option or were
thereafter issued or sold;

               (5) The issuance or sale of Common Stock upon conversion or exchange of
any Convertible Securities, whether or not any adjustment in the purchase price
was made or required to be made upon the issuance or sale of such Convertible
Securities and

Page 20 

 

whether or not such Convertible Securities were outstanding on the date of
grant of the Option or were thereafter issued or sold; or

               (6) Upon any amendment to or change in the terms of any rights or warrants
to subscribe for or purchase, or options for the purchase of, Common Stock or
Convertible Securities or in the terms of any Convertible Securities,
including, but not limited to, any extension of any expiration date of any such
right, warrant or option, any change in any exercise or purchase price provided
for in any such right, warrant or option, any extension of any date through
which any Convertible Securities are convertible into or exchangeable for
Common Stock or any change in the rate at which any Convertible Securities are
convertible into or exchangeable for Common Stock.

          (f) Right of Company to Make Adjustments. The grant of an Option pursuant
to the Plan shall not affect in any way the right or power of the Company to
make adjustments, reclassifications, reorganizations, or changes of its capital
or business structure or to merge or to consolidate or to dissolve, liquidate
or sell, or transfer all or any part of its business or assets.

     13.     Investment Purpose. Each Option under the Plan shall be granted on
the condition that the purchase of the shares of stock thereunder shall be for
investment purposes, and not with a view to resale or distribution; provided,
however, that in the event the shares of stock subject to such Option are
registered under the Securities Act or in the event a resale of such shares of
stock without such registration would otherwise be permissible, such condition
shall be inoperative if in the opinion of counsel for the Company such
condition is not required under the Securities Act or any other applicable law,
regulation, or rule of any governmental agency.

Page 21 

 

     14.     No Obligation to Exercise Option. The granting of an Option shall
impose no obligation upon the optionee to exercise such Option.

     15.     Modification, Extension and Renewal of Options. Subject to the terms
and conditions and within the limitations of the Plan, the Committee and the
Board of Directors may modify, extend or renew outstanding Options granted
under the Plan, or accept the surrender of outstanding Options (to the extent
not theretofore exercised). With the approval of the Board of Directors, the
Company may modify any outstanding Options so as to specify a lower price or
accept the surrender of outstanding Options and authorize the granting of new
Options in substitution therefor specifying a lower price. Notwithstanding the
foregoing, however, no modification of an Option shall, without the consent of
the optionee, alter or impair any rights or obligations under any Option
theretofore granted under the Plan.

     16.     Effective Date of the Plan. The Plan shall become effective on the
date of execution hereof, which date is the date the Board of Directors
approved and adopted the Plan (“Effective Date”); provided, however, if the
Shareholders of the Company shall not have approved the Plan by the requisite
vote of the Shareholders within twelve (12) months after the Effective Date,
then the Plan shall terminate and all Options theretofore granted under the
Plan shall terminate and be null and void.

     17.     Termination of the Plan. This Plan shall terminate as of the
expiration of ten (10) years from the Effective Date. Options may be granted
under this Plan at any time and from time to time prior to its termination.
Any Option outstanding under the Plan at the time of its termination shall
remain in effect until the Option shall have been exercised or shall have
expired.

Page 22 

 

     18.     Amendment of the Plan. The Plan may be terminated at any time by the
Board of Directors of the Company. The Board of Directors may at any time and
from time to time without obtaining the approval of the Shareholders of the
Company or a Subsidiary, modify or amend the Plan (including such form of
Option Agreement as hereinabove mentioned) in such respects as it shall deem
advisable in order that the Incentive Options granted under the Plan shall be
“Incentive Stock Options” as defined in Section 422 of the Code or to conform
to any change in the law, or in any other respect which shall not change: (a)
the maximum number of shares for which Options may be granted under the Plan,
except as provided in Section 12 hereof; or (b) the periods during which
Options may be granted or exercised; or (c) the provisions relating to the
determination of persons to whom Options shall be granted and the number of
shares to be covered by such Options; or (d) the provisions relating to
adjustments to be made upon changes in capitalization. The termination or any
modification or amendment of the Plan shall not, without the consent of the
person to whom any Option shall theretofore have been granted, affect that
person’s rights under an Option theretofore granted to such person. With the
consent of the person to whom such Option was granted, an outstanding Option
may be modified or amended by the Committee in such manner as it may deem
appropriate and consistent with the requirements and purpose of this Plan
applicable to the grant of a new Option on the date of modification or
amendment.

     19.     Withholding. Whenever an optionee shall recognize compensation income
as a result of the exercise of any Option granted under the Plan, the optionee
shall remit in cash to the Company or Subsidiary the minimum amount of federal
income and employment tax withholding, if any, which the Company or Subsidiary
is required to remit to the United States

Page 23 

 

Internal Revenue Service in accordance with the then current provisions of
the Code. The full amount of such withholding shall be paid by the optionee
simultaneously with the award or exercise of an Option, as applicable.

     20.     Indemnification of Committee. In addition to such other rights of
indemnification as they may have as Directors or as members of the Committee,
the members of the Committee shall be indemnified by the Company against the
reasonable expenses, including attorneys’ fees actually and necessarily
incurred in connection with the defense of any action, suit or proceedings, or
in connection with any appeal therein, to which they or any of them may be a
party by reason of any action taken or failure to act under or in connection
with the Plan or any Option granted thereunder, and against all amounts paid by
them in settlement thereof (provided such settlement is approved by independent
legal counsel selected by the Company) or paid by them in satisfaction of a
judgment in any such action, suit or proceeding, except in relation to matters
as to which it shall be adjudged in such action, suit or proceeding that such
Committee member is liable for gross negligence or wilful misconduct in the
performance of his duties; provided that within sixty (60) days after
institution of any such action, suit or proceeding a Committee member shall in
writing offer the Company the opportunity, at its own expense, to pursue and
defend the same.

     21.     Application of Funds. The proceeds received by the Company from the
sale of Common Stock pursuant to Options granted hereunder will be used for
general corporate purposes.

     22.     Governing Law. This Plan shall be governed by and construed in
accordance with the laws of the jurisdiction of incorporation of the Company.

Page 24 

 

     EXECUTED effective this 1st day of July, 2003.

	 	 	 	 	 	 	 
	 	 	LJ INTERNATIONAL INC.
	 	 	 	 	 	 	 
	 	 	
By:
	 	/S/ YU CHUAN YIH	 	 
	 	 	 	 	
	 	 
	 	 	 	 	 	 	 
	 	 	 	 	YU CHUAN YIH,	 	 
	 	 	 	 	Chairman	 	 

ATTEST:

Page 25<PAGE>
                                                                     EXHIBIT 4.6

                                 AMENDMENT NO. 5
                                       TO
              AMENDED AND RESTATED AGREEMENT OF LIMITED PARTNERSHIP
                                       OF
                         HERITAGE PROPANE PARTNERS, L.P.

     This Amendment (this "Amendment") to the Amended and Restated Agreement of
Limited Partnership of Heritage Propane Partners, L.P., a Delaware limited
partnership (the "Partnership"), dated as of June 27, 1996, as amended as of
August 9, 2000, January 5, 2001, October 5, 2001 and February 4, 2002 (as so
amended, the "Partnership Agreement"), is entered into effective as of January
_____, 2004, by U.S. Propane, L.P., a Delaware limited partnership ("U.S.
Propane"), as the general partner of the Partnership, on behalf of itself and
the Limited Partners of the Partnership. Capitalized terms used but not defined
herein are used as defined in the Partnership Agreement.

                                    RECITALS

     WHEREAS, Section 5.6 of the Partnership Agreement provides that the General
Partner, without the approval of any Limited Partner except as otherwise
provided in the Partnership Agreement, may, for any Partnership purpose, at any
time or from time to time, issue additional Partnership Securities for such
consideration and on such terms and conditions as shall be established by the
General Partner in its sole discretion; and

     WHEREAS, Section 13.1(d)(i) of the Partnership Agreement provides that the
General Partner, without the approval of any Partner, may amend any provision of
the Partnership Agreement (to reflect a change that, in the discretion of the
General Partner, does not adversely affect the Unitholders in any material
respect); and

     WHEREAS, the General Partner has in the exercise of its discretion
determined that the changes to the Partnership Agreement set forth in Sections
1, 12 and 13 of the Amendment will not adversely affect the Unitholders in any
material respect; and

     WHEREAS, Section 13.1(g) of the Partnership Agreement provides that the
General Partner, without the approval of any Partner (subject to Section 5.7 of
the Partnership Agreement), may amend any provision of the Partnership Agreement
to reflect an amendment that, in the discretion of the General Partner, is
necessary or advisable in connection with the authorization of issuance of any
class or series of Partnership Securities pursuant to Section 5.6 of the
Partnership Agreement; and

     WHEREAS, the Partnership has entered into a Contribution Agreement, dated
as of November 6, 2003, among the Partnership, U.S. Propane and La Grange
Energy, L.P., a Texas limited partnership ("La Grange"), as the Contributor (the
"Contribution Agreement"); and

<PAGE>

     WHEREAS, the Contribution Agreement obligates the Partnership to issue
limited partner interests to be designated as Class D Units and Special Units
having the terms set forth in this Amendment; and

     WHEREAS, the General Partner has determined that the creation of the new
classes of Partnership Securities provided for in this Amendment (the "Class D
Units" and the "Special Units") will be in the best interests of the Partnership
and beneficial to the Limited Partners, including the holders of the Common
Units; and

     WHEREAS, the Partnership has entered into a Stock Purchase Agreement, dated
as of November 6, 2003 (the "HHI Stock Purchase Agreement"), among the
Partnership and the Sellers named therein to acquire all of the capital stock of
Heritage Holdings, Inc. ("HHI"), which will, following the consummation of the
transactions contemplated therein, become, directly or indirectly, a wholly
owned subsidiary of the Partnership; and

     WHEREAS, HHI owns as of the date hereof, 4,426,916 Common Units,
representing limited partner interests in the Partnership (the "HHI Units"); and

     WHEREAS, the Partnership desires to convert the HHI Units to a new class of
Partnership Securities, such conversion to be effective immediately after, and
without any further action, the closing of the transactions under the HHI Stock
Purchase Agreement, which new class of Partnership Securities shall be
designated as Class E Units having the terms set forth in this Amendment (the
"Class E Units"), which Class E Units will, upon the occurrence of specified
events, convert automatically, without further action required by the
Partnership, U.S. Propane or any other Person, back into Common Units; and

     WHEREAS, the General Partner has determined that the creation of the Class
E Units provided for in this Amendment (the "Class E Units") will be in the best
interests of the Partnership and beneficial to the Limited Partners, including
the holders of the Common Units; and

     WHEREAS, the Class D Units, the Special Units, and the Class E Units, upon
issuance, will have rights to distributions or in liquidation as set forth
herein; and

     WHEREAS, the issuance of the Class D Units, the Special Units, and the
Class E Units complies with the requirements of the Partnership Agreement; and

     WHEREAS, in connection with the transactions contemplated by the
Contribution Agreement, the General Partner proposes to (i) convert its 1.0101%
general partner interest in Heritage Operating, L.P., a Delaware limited
partnership (the "Operating Partnership"), into a 0.0% general partner interest
and a 1.0101% limited partner interest in the Operating Partnership and (ii)
transfer its 1.0101% limited partner interest in the Operating Partnership to
the Partnership in exchange for an additional 1% general partner interest in the
Partnership (the "Additional General Partner Interest"); and

<PAGE>

     WHEREAS, the General Partner has determined that the creation and issuance
of the Additional General Partner Interest will be in the best interests of the
Partnership and beneficial to the Limited Partners, including the holders of the
Common Units; and

     WHEREAS, the General Partner has determined, pursuant to Section 13.1(g) of
the Partnership Agreement, that the amendments to the Partnership Agreement set
forth herein are necessary or advisable in connection with the authorization of
the issuances of the Common Units, Class D Units, Special Units and Additional
General Partner Interest; and

     NOW, THEREFORE, the Partnership Agreement is hereby amended as follows:

                                    AMENDMENT

     Section 1. Units Held by Subsidiary of a Group Member. The second sentence
of Section 7.12 of the Partnership Agreement shall not be applicable to Common
Units, Subordinated Units, or Class E Units held directly by a Subsidiary of any
Group Member (i) if such Common Units, Subordinated Units, or Class E Units were
held by the entity at the time such entity became a Subsidiary of the Group
Member, or (ii) if such Common Units, Subordinated Units, or Class E Units were
converted into or from Common Units, Subordinated Units or Class E Units held by
the entity at the time such entity became a Subsidiary of the Group Member.

     Section 2. Establishment of Terms of Class D Units. There is hereby created
a series of Units to be designated as "Class D Units," consisting of a total of
8,022,557 Class D Units and having the following terms and conditions:

     A. Prior to the conversion of the Class D Units as provided in Section 3 or
Section 5 hereof, unless amended pursuant to Section 4 hereof:

     (i)  all items of Partnership income, gain, loss, deduction and credit
          shall be made to the Class D Units to the same extent as such items
          would be so allocated if such Class D Units were Subordinated Units
          that were then Outstanding and the Subordination Period had not ended;
          and

     (ii) the Class D Units shall have the right to share in Partnership
          distributions and shall have rights upon dissolution and liquidation
          of the Partnership, including the right to share in any liquidating
          distributions, in each case to the same extent as if such Class D
          Units were Subordinated Units that were then Outstanding and the
          Subordination Period had not ended.

     B. The Class D Units will not have the privilege of conversion as set forth
in either Section 5.8 or Section 11.4 of the Partnership Agreement (and neither
Section 5.8 nor Section 11.4 shall apply to the Class D Units); rather, the
Class D Units will be converted only pursuant to the provisions of Section 3 or
Section 5 hereof. A Class D

<PAGE>

Unit that has converted into a Common Unit shall be subject to the provisions of
Section 6.7(b) of the Partnership Agreement as if the Class D Unit was a
Subordinated Unit.

     C. The Class D Units will have such voting rights pursuant to the
Partnership Agreement as such Class D Units would have if they were Common Units
that were then Outstanding except that, with respect to any proposal submitted
to the Partnership's Unitholders pursuant to Section 3 or Section 7 hereof for a
vote or consent, all of the Class D Units Outstanding as of the record date for
such vote or consent shall be deemed to have voted or given consent, without any
action necessary on the part of any holder of Class D Units, (i) in favor of
such proposal in the same proportion as all Common Units entitled to vote and
Outstanding as of the record date for such vote or consent are voted, or for
which consent is given, in favor of such proposal, and (ii) against such
proposal in the same proportion as all Common Units entitled to vote and
Outstanding as of the record date for such vote or consent are voted against
such proposal, or for which consent to such proposal is affirmatively denied.
Each Class D Unit will be entitled to one vote on each matter with respect to
which such Class D Unit is entitled to be voted.

     D. The Class D Units will be evidenced by certificates in such form as the
General Partner may approve and, subject to the satisfaction of any applicable
legal and regulatory requirements, may be assigned or transferred in a manner
identical to the assignment and transfer of other Units.

     E. The General Partner will act as registrar and transfer agent for the
Class D Units.

     Section 3. Vote of Holders of Partnership Securities After Issuance of
Class D Units. The Partnership shall, as promptly as practicable following the
issuance of any Class D Units, take such actions as may be necessary or
appropriate to submit to a vote or consent of its securityholders the approval
of a change in the terms of the Class D Units to provide that each Class D Unit
is convertible into one Common Unit (subject to appropriate adjustment in the
event of any split-up, combination or similar event affecting the Common Units),
effective upon approval of the issuance of additional Common Units in accordance
with the following sentence, and in the event that such approval is not obtained
upon the solicitation of such vote or consent, the Partnership shall take such
action as may be necessary or appropriate to resubmit to a vote or consent of
its securityholders the approval of such change in the terms of the Class D
Units until such approval is obtained, provided that the Partnership shall not
be obligated to resubmit such matter for approval more than once in any 6-month
period. The vote or consent required for such approval will be the requisite
vote required under the Partnership Agreement and under New York Stock Exchange
rules or staff interpretations for listing of the Common Units that would be
issued upon any such conversion. Upon receipt of the required vote or consent,
each Class D Unit shall be entitled to be converted by the holder thereof into
one Common Unit (subject to appropriate adjustment in the event of any split-up,
combination or similar event affecting the Common Units).

<PAGE>

     Section 4. Amendment of Terms of Class D Units in Certain Events. If the
Partnership's securityholders do not approve a change in the terms of the Class
D Units to provide that they are convertible as provided in Section 3 hereof by
the requisite vote of the Partnership's securityholders occurring on or before,
or occurring after provided that the matter has been submitted for approval of
the securityholders in documents filed with the Securities and Exchange
Commission prior to, the date that is 6 months following the date of the closing
of the transactions contemplated by the Contribution Agreement, then, effective
as of the next succeeding day (the "Class D Distribution Increase Day"), Section
2(A) hereof will be deleted and replaced in its entirety, automatically and
without further action, with the following:

     A. "Prior to the date upon which the Class D Units are entitled to be
converted as provided in Section 3 hereof:

      (i)   all allocations of items of Partnership income, gain, loss,
            deduction and credit shall be allocated to the Class D Units based
            on 115% of that which would be allocated to the Common Units so that
            the amount thereof allocated to each Class D Unit will be 115% of
            the amount thereof allocated to each Common Unit, and the
            allocations to Class D Units shall have the same order of priority
            relative to allocations on the Common Units; and

      (ii)  the Class D Units shall have the right to share in Partnership
            distributions based on 115% of the amount of any Partnership
            distribution that would be made to each Common Unit so that the
            amount of any Partnership distribution to each Class D Unit will
            equal 115% of the amount of such distribution to each Common Unit,
            and the right of holders of Class D Units to receive distributions
            shall have the same order of priority relative to distributions on
            the Common Units; and

      (iii) the Class D Units shall have rights upon dissolution and liquidation
            of the Partnership, including the right to share in any liquidating
            distributions, that are based on 115% of the liquidating
            distributions that would be made to the Common Units so that the
            amount of any liquidating distribution to each Class D Unit will
            equal 115% of the amount of such distribution to each Common Unit,
            and the rights of the Class D Units upon dissolution and liquidation
            of the Partnership shall have the same order of priority relative to
            the rights of the Common Units."

     B. Concurrently with the distribution made in accordance with Section
6.3(a) of the Partnership Agreement of Available Cash first occurring after the
Class D Distribution Increase Day (as defined above), with respect to the
Quarter in which the conversion of the Class D Units is effected in accordance
with the preceding sentence, a distribution shall be paid to each holder of
record of the Class D Units as of the effective

<PAGE>

date of such conversion, with the amount of such distribution for each
Outstanding Class D Unit to be equal to the product of (a) 115% of the amount to
be distributed in respect of such Quarter to each Common Unit times (b) a
fraction, of which (i) the numerator is the number of days in such Quarter up to
but excluding the date of such conversion, and (ii) the denominator is the total
number of days in such Quarter (the foregoing amount being referred to as an
"Excess Payment"). For the taxable year in which an Excess Payment is made, each
holder of a Class D Unit shall be allocated items of gross income with respect
to such taxable year in an amount equal to the Excess Payment distributed to it.

     Section 5. Change of New York Stock Exchange Rules or Interpretations. If
at any time (i) the rules of the New York Stock Exchange or the New York Stock
Exchange staff interpretations of such rules are changed, or (ii) facts and
circumstances arise so that no vote or consent of securityholders of the
Partnership is required as a condition to the listing of the Common Units that
would be issued upon any conversion of any Class D Units into Common Units as
provided in Section 3 hereof, the terms of such Class D Units will be changed so
that each such Class D Unit is converted (without further action or any vote of
any securityholders of the Partnership) into one Common Unit (subject to
appropriate adjustment in the event of any split-up, combination or similar
event affecting the Common Units).

     Section 6. Establishment of Terms of Special Units. There is hereby created
a series of Units to be designated as "Special Units," consisting of a total of
3,742,515 Special Units and having the following terms and conditions:

     A. Prior to the date upon which the Special Units are entitled to be
converted as provided in Section 8 or Section 10 hereof, unless amended pursuant
to Section 9 hereof:

     (i)  no items of Partnership income, gain, loss, deduction and credit shall
          be made to the Special Units until such time as the conversion of the
          Special Units to Common Units provided for in Section 8 hereof occurs.

     (ii) the Special Units shall not have the right to share in Partnership
          distributions and shall have no rights upon dissolution and
          liquidation of the Partnership, and will not be entitled to share in
          any liquidating distributions until such time as the conversion of the
          Special Units to Common Units provided for in Section 8 hereof occurs,
          provided, however, that in the event of a dissolution and liquidation
          of the Partnership prior to the time such Special Units are converted,
          the holders of Special Units shall receive an assignment of the
          Bossier Contracts and all rights, obligations, and benefits thereto.

     B. The Special Units will have no other privilege of conversion under any
of the provisions of the Partnership Agreement other than as set forth in
Section 8 or Section

<PAGE>

10 hereof. A Special Unit that has converted into a Common Unit shall be subject
to the provisions of Section 6.7(b) of the Partnership Agreement as if the
Special Unit was a Subordinated Unit.

     C. The Special Units will have no voting rights pursuant to the Partnership
Agreement except with respect to the vote required by Section 7 hereof, and
except to the extent that the Delaware Act gives the Special Units a vote as a
class on any matter; and each Special Unit will be entitled to one vote on each
matter with respect to which such Special Unit is entitled to be voted. With
respect to any proposal submitted to the Partnership's Unitholders pursuant to
Section 7 hereof for a vote or consent, all of the Special Units Outstanding as
of the record date for such vote or consent shall be deemed to have voted or
given consent, without any action necessary on the part of any holder of Special
Units, (i) in favor of such proposal in the same proportion as all Common Units
entitled to vote and Outstanding as of the record date for such vote or consent
are voted, or for which consent is given, in favor of such proposal, and (ii)
against such proposal in the same proportion as all Common Units entitled to
vote and Outstanding as of the record date for such vote or consent are voted
against such proposal, or for which consent to such proposal is affirmatively
denied.

     D. The Special Units will be evidenced by certificates in such form as the
General Partner may approve and, subject to the satisfaction of any applicable
legal and regulatory requirements, may be assigned or transferred in a manner
identical to the assignment and transfer of other Units.

     E. The General Partner will act as registrar and transfer agent for the
Special Units.

     Section 7. Vote of Holders of Partnership Securities After Issuance of
Special Units. The Partnership shall, as promptly as practicable following the
issuance of any Special Units, and at such times as the Partnership shall submit
for approval the conversion of the Class D Units as provided in Section 3
hereof, take such actions as may be necessary or appropriate to submit to a vote
or consent of its securityholders the approval of the conversion of the Special
Units into Common Units as provided in Section 8 hereof. The vote or consent
required for such approval will be the requisite vote required under the
Partnership Agreement and under New York Stock Exchange rules or staff
interpretations for listing of the Common Units that would be issued upon any
such conversion. Upon receipt of the required vote or consent, each Special Unit
shall be entitled to be converted by the holder thereof into one Common Unit
(subject to appropriate adjustment in the event of any split up, combination or
similar event affecting the Common Units), without further action, upon
complying with the provisions of Section 8 hereof.

     Section 8. Conversion of the Special Units to Common Units. The Special
Units have been issued in connection with the acquisition of assets by the
Partnership designated as the Bossier Pipeline. In conjunction with the
Partnership's acquisition of the Bossier Pipeline, the Partnership has acquired,
directly or through its subsidiaries, all

<PAGE>

rights under the Joint Marketing Agreement dated July 11, 2003 between a
subsidiary of La Grange and TXU Fuel Company (the "TXU Contract"), the Firm
Intrastate Gas Transportation Agreement dated June 4, 2003 between a subsidiary
of La Grange and XTO Energy, Inc. (the "XTO Contract") and the Firm Intrastate
Gas Transportation Agreement dated October 1, 2003 between a subsidiary of La
Grange and Anadarko Energy Services Company (the "Anadarko Contract")
(collectively the TXU Contract, the XTO Contract and the Anadarko Contract are
the "Bossier Contracts") which provide for the owner and operator of the Bossier
Pipeline to receive certain payments for the transportation of natural gas and
natural gas liquids upon completion of the Bossier Pipeline and it reaching
commercially operational status, or such similar term or provision, that
qualifies the La Grange subsidiary that is a party thereto to receive the
payments set forth in each of the Bossier Contracts.

     A. On the date following the day the Partnership or any of its subsidiaries
qualifies to receive the payments under each and every one of the Bossier
Contracts defined herein, each Special Unit shall be entitled to be converted by
the holder thereof into one Common Unit, and upon such conversion shall be
entitled to all benefits and rights afforded to a Common Unit, including the
rights to distributions.

     B. In the event the Bossier Pipeline fails to become commercially
operational by December 1, 2004, triggering the provisions of Section 3(B) of
the XTO Contract, and XTO Energy, Inc. acquires the Bossier Pipeline pursuant
thereto, the Special Units shall no longer be considered to be Outstanding and
shall not be entitled to any rights afforded any other of the Partnership's
Units, except that any funds received by the Partnership under such provision
that exceed the capital expenditures incurred and paid by the Partnership or any
of its subsidiaries shall be allocated and paid to the holders of Special Units
Pro Rata.

     Section 9. Amendment of Terms of the Special Units in Certain Events. In
the event that the Partnership's securityholders do not approve a change in the
terms of the Special Units to provide that they are convertible as provided in
Section 7 hereof by the requisite vote of the Partnership's securityholders
prior to the time that such Special Units shall qualify for the conversion
pursuant to Section 8 hereof, then, effective as of the next succeeding day (the
"Special Unit Distribution Increase Day"), Section 6(A) hereof will be deleted
and replaced in its entirety, automatically and without further action, with the
following:

     A. "Prior to the approval of the conversion of the Special Units as
provided in Section 7 hereof, and upon qualifying for the automatic conversion
set forth in Section 8 hereof:

     (i)  all allocations of items of Partnership income, gain, loss, deduction
          and credit shall be allocated to the Special Units based on 115% of
          that which would be allocated to the Common Units so that the amount
          thereof allocated to each Special Unit will be 115% of the amount
          thereof allocated to each Common Unit, and the

<PAGE>

            allocations to Special Units shall have the same order of priority
            relative to allocations on the Common Units; and

      (ii)  the Special Units shall have the right to share in Partnership
            distributions based on 115% of the amount of any Partnership
            distribution that would be made to each Common Unit so that the
            amount of any Partnership distribution to each Special Unit will
            equal 115% of the amount of such distribution to each Common Unit,
            and the right of holders of Special Units to receive distributions
            shall have the same order of priority relative to distributions on
            the Common Units; and

      (iii) the Special Units shall have rights upon dissolution and liquidation
            of the Partnership, including the right to share in any liquidating
            distributions, in each case to the same extent as if such Special
            Units were Common Units."

     Section 10. Change of New York Stock Exchange Rules or Interpretations. If
at any time (i) the rules of the New York Stock Exchange or the New York Stock
Exchange staff interpretations of such rules are changed, or (ii) facts and
circumstances arise so that no vote or consent of securityholders of the
Partnership is required as a condition to the listing of the Common Units that
would be issued upon any conversion of any Special Units into Common Units as
provided in Section 8 hereof, the terms of such Special Units will be changed so
that each such Special Unit is converted (without further action or any vote of
any securityholders of the Partnership) into one Common Unit (subject to
appropriate adjustment in the event of any split up, combination or similar
event affecting the Common Units) subject to the provisions of Section 8 hereof.

     Section 11. Establishment of Terms of Class E Units. After the closing of
the transactions contemplated by the HHI Stock Purchase Agreement, each HHI Unit
shall be converted into one whole Unit of a newly created series of Units hereby
designated as "Class E Units," consisting of a total of 4,426,916 Class E Units
and having the following terms and conditions:

     A. The definition of the term "Unitholders" and "Units" in the Partnership
Agreement are hereby deleted and replaced in their entirety with the following:

          "'Unitholders' means the holders of Common Units, Subordinated Units,
     Class D Units and Class E Units."

          "'Unit' means a Partnership Interest of a Limited Partner or Assignee
     in the Partnership and shall include Common Units, Subordinated Units,
     Class D Units, Special Units and Class E Units, but shall not include (x)
     the general partner interest in the Partnership or (y) Incentive
     Distribution Rights."

<PAGE>

     B. The "Class E Percentage" with respect to the Class E Units for any date
shall be equal to 11.1% multiplied by the quotient obtained by dividing (A) the
number of Class E Units Outstanding on such date, by (B) 4,426,916.

     C. The Class E Units shall not be entitled to receive any allocation of any
item of Partnership income, gain, loss, deduction or credit attributable to the
Partnership's ownership of HHI (the "HHI Items"), and such HHI Items (which
shall not be included in the computation of Net Income, Net Loss, Net
Termination Gain or Net Termination Loss for any taxable year while any Class E
Units remain Outstanding) shall instead be specially allocated to the General
Partner in an amount equal to the General Partner's Percentage Interest of such
HHI Items and the remainder to the Unitholders (other than the holders of Class
E Units) Pro Rata.

     D. The Class E Percentage of any Net Income to be allocated to the
Unitholders pursuant to Section 6.1(a)(iii) of the Partnership Agreement shall
be allocated to the Class E Units and the remaining portion of such Net Income
shall be allocated to the Unitholders (other than the holders of Class E Units)
in proportion to their relative Percentage Interests; provided, that the amount
of Net Income allocated to each Class E Unit for each taxable year shall not
exceed the product of (A) the aggregate cash amount distributed to such Class E
Unit pursuant to Article VI of the Partnership Agreement for such taxable year,
multiplied by (B) the quotient obtained by dividing (I) the Partnership's Net
Income allocated to the Unitholders (including the holders of the Class E Units)
for such taxable year by (II) the aggregate cash amount distributed (excluding
HHI Distributions) to the Unitholders (including the holders of the Class E
Units) pursuant to Article VI for such taxable year.

     E. The Class E Percentage of any Net Losses to be allocated to the
Unitholders pursuant to Section 6.1(b)(ii) of the Partnership Agreement shall be
allocated to the Class E Units and the remaining portion of such Net Losses
shall be allocated to the Unitholders (other than the holders of Class E Units)
in proportion to their relative Percentage Interests; provided, that Net Losses
shall not be allocated pursuant to Section 6.1(b)(ii) to the extent that such
allocation would cause any Unitholder to have a deficit balance in its Adjusted
Capital Account at the end of such taxable year (or increase any existing
deficit balance in its Adjusted Capital Account);

     F. The Class E Units shall be allocated 1% of any Net Termination Gain, and
shall be allocated Net Termination Loss to the same extent as the Common Units;

     G. For each taxable year, no portion of any Partnership cash distribution
attributable to any distribution or dividend received by the Partnership from
HHI or the proceeds of any sale of the capital stock of HHI (such Partnership
distributions, the "HHI Distributions") shall be distributed to the Class E
Units;

     H. The Class E Units shall be entitled to receive the Class E Percentage of
the portion of any Partnership distributions (other than HHI Distributions) to
be made to the Unitholders pursuant to Article VI of the Partnership Agreement
and the remaining
<PAGE>

portion of the Available Cash to be distributed shall be made to the Unitholders
(other than the holders of Class E Units) in proportion to their relative
Percentage Interests; provided, that the aggregate Partnership distributions
made to each Class E Unit for each taxable year shall not exceed $2.82;

     I. The Class E Units shall not have any voting rights except with respect
to (i) the vote required by Section 3 and Section 7 hereof, and in each such
instance only to the extent allowed by the New York Stock Exchange; and (ii)
except to the extent that the Delaware Act gives the Class E Units a vote as a
class on any matter. With respect to any matter on which the Class E Units are
entitled to vote, each Class E Unit will be entitled to one vote on such matter.

     J. Effective concurrently with the closing of the transactions contemplated
by the HHI Stock Purchase Agreement, the HHI Units will constitute the
"Collateral" under the terms of the Pledge Agreement dated January ___, 2004
(the "Pledge Agreement"), between the Partnership and
_________________("NewLP"). After such closing and after giving effect to the
conversion of the HHI Units into Class E Units pursuant to Section 11 hereof,
all Class E Units will constitute the "Collateral" under the Pledge Agreement.
Upon receipt by the Partnership of NewLP's notice given in accordance with
Section 4.04(c) of the Pledge Agreement, each Class E Unit then held as
"Collateral" under the Pledge Agreement shall be convertible into a number of
Common Units equal to $100 million divided by the average of the closing sales
prices of the Common Units as reported in the Wall Street Journal - Corporate
Transactions for the 20 consecutive trading days ending on the date of such
notice divided by the number of then Outstanding Class E Units. Immediately
prior to any sale, foreclosure in lieu of sale, lease, assignment or other
disposal of any Class E Units by NewLP pursuant to Section 4.04(c) of the Pledge
Agreement, the Class E Units shall be converted automatically, and without
further action required by the Partnership or its securityholders, other than
issuing to NewLP a new Unit certificate for such Common Units, into the number
of Common Units as determined above.

     K. The Class E Units will have no other privilege of conversion under any
of the provisions of the Partnership Agreement other than as set forth in
Section 11(J) hereof. A Class E Unit that has converted into a Common Unit
pursuant to Section 11(J) hereof shall be subject to the provisions of Section
6.7(b) of the Partnership Agreement as if the Class E Unit was a Subordinated
Unit, provided, however, that U.S. Propane undertakes and agrees to take all
actions required under Section 6.7(b) of the Partnership Agreement on or before
the close of business after the end of the 10-day period or 2-day period, as
applicable, that commences upon receipt by the Partnership from NewLP of the
notice given pursuant to Section 4.04(c) of the Pledge Agreement, so that the
Common Units into which the Class E Units are converted pursuant to this Section
11(K) may be issued in accordance with Section 6.7(b) of the Partnership
Agreement immediately after such 10-day period or 2-day period, as the case may
be.

     L. The Class E Units will be evidenced by certificates in such form as the
General Partner may approve and, subject to the satisfaction of any applicable
legal and

<PAGE>

regulatory requirements, may be assigned or transferred in a manner identical to
the assignment and transfer of other Units.

     M. The General Partner will act as registrar and transfer agent for the
Class E Units.

     N. No amendment to Section 11 hereof shall be made without the approval of
NewLP during such time as the Pledge Agreement shall be in effect.

     Section 12. Deletion of Section 7.3(c) of the Partnership Agreement.
Section 7.3(c) of the Partnership Agreement is hereby deleted.

     Section 13. Modification of Voting Rights of Certain Common Units. The
voting rights of the Common Units to be issued to LaGrange pursuant to the
Contribution Agreement (the "LaGrange Common Units") shall be modified from the
voting rights that would otherwise be applicable to such Common Units pursuant
to the Partnership Agreement such that, with respect to any proposal submitted
to the Partnership's securityholders pursuant to Section 3 or Section 7 hereof
for a vote or consent, all of the LaGrange Common Units Outstanding as of the
record date for such vote or consent shall be deemed to have voted or given
consent, without any action necessary on the part of any holder of LaGrange
Common Units, (i) in favor of such proposal in the same proportion as all Common
Units entitled to vote and Outstanding as of the record date for such vote or
consent (excluding the LaGrange Common Units) are voted, or for which consent is
given, in favor of such proposal and (ii) against such proposal in the same
proportion as all Common Units entitled to vote and Outstanding as of the record
date for such vote or consent (excluding the LaGrange Common Units) are voted
against such proposal or for which consent to such proposal is affirmatively
denied.

     Section 14. Establishment of Terms of Additional General Partner Interest.
There is hereby created the Additional General Partner Interest having the
following terms and conditions:

     A. The Additional General Partner Interest shall be entitled to the same
relative rights and benefits and shall be subject to the same relative
obligations and burdens as the general partner interest of the General Partner
immediately prior to this Amendment, and to give effect to these terms of the
Additional General Partner Interest, the following amendments to the Partnership
Agreement are hereby adopted, effective as of the time of the issuance of the
Additional General Partner Interest as evidenced by an instrument executed by
the General Partner acknowledging the issuance of the Additional General Partner
Interest:

          (i)  The definition of "Percentage Interest" in Section 1.1 is amended
               (i) to change "1%" to "2%" and to change "99%" to "98%" and (ii)
               to add the phrase "(other than the Additional General Partner
               Interest)" after the phrase "Partnership Securities" in clause
               (c) thereof.

<PAGE>
          (ii)   Section 5.2 is amended to change "1/99th" to "2/98th."

          (iii)  Section 6.1(c)(i) is amended (i) to change "99%" to "98%" in
                 each of clauses (B), (C) and (D), (ii) to change "1%" to "2%"
                 in each of clauses (B), (C) and (D), (iii) to change "85.8673%"
                 to "85%," "13.1327%" to "13%" and "1%" to "2%" in clause (E),
                 (iv) to change "75.7653%" to "75%", "23.2347%" to "23%" and
                 "1%" to "2%" in clause (F) and (v) to change "50.5102%" to
                 "50%", "48.4898%" to "48%" and "1%" to "2%" in clause (G).

          (iv)   Section 6.1(c)(ii) is amended (i) to change "99%" to "98%" and
                 "1%" to "2%" in clause (A) and (ii) to change "99%" to "98%"
                 and "1%" to "2%" in clause (B).

          (v)    Section 6.1(d)(iii)(A) is amended to change "1/99th" to
                 "2/98th."

          (vi)   Section 6.4(a) is amended to (i) to change "99%" to "98%" in
                 each of clauses (i), (ii), (iii) and (iv), (ii) to change "1%"
                 to "2%" in each of clauses (i), (ii), (iii) and (iv), (iii) to
                 change "85.8673%" to "85%," "13.1327%" to "13%" and "1%" to
                 "2%" in clause (v), (iv) to change "75.7653%" to "75%",
                 "23.2347%" to "23%" and "1%" to "2%" in clause (vi) and (v) to
                 change "50.5102%" to "50%", "48.4898%" to "48%" and "1%" to
                 "2%" in clause (vii).

          (vii)  Section 6.4(b) is amended to (i) to change "99%" to "98%" in
                 each of clauses (i) and (ii), (ii) to change "1%" to "2%" in
                 each of clauses (i) and (ii), (iii) to change "85.8673%" to
                 "85%," "13.1327%" to "13%" and "1%" to "2%" in clause (iii),
                 (iv) to change "75.7653%" to "75%", "23.2347%" to "23%" and
                 "1%" to "2%" in clause (iv) and (v) to change "50.5102%" to
                 "50%", "48.4898%" to "48%" and "1%" to "2%" in clause (v).

          (viii) Section 6.5 is amended to change "99%" to "98%" and "1%" to
                 "2%" in each place where such items appear.

          (ix)   Section 7.9(b) is amended to change "1%" to "2%".

          (x)    Section 11.3(c) is amended (i) to change "99%" to "98%" and
                 "1%" to "2%" and (ii) to change "1/99th" to "2/98th."

     Section 15. Ratification of Partnership Agreement. Except as expressly
modified and amended herein, all of the terms and conditions of the Partnership
Agreement shall remain in full force and effect.

     Section 16. Governing Law. This Amendment will be governed by and construed
in accordance with the laws of the State of Delaware.

     Section 17. Counterparts. This Amendment may be executed in counterparts,
all of which together shall constitute an agreement binding on all the parties
hereto,

<PAGE>

notwithstanding that all such parties are not signatories to the original or the
same counterpart.

                            [SIGNATURE PAGE FOLLOWS]

<PAGE>

     IN WITNESS WHEREOF, this Amendment has been executed as of the date first
written above.

                                    GENERAL PARTNER:

                                    U.S. Propane, L.P.

                                    By: U.S. Propane, L.L.C.
                                        its General Partner

                                    By:
                                       ----------------------------------------
                                    Name:
                                         --------------------------------------
                                    Title:
                                          -------------------------------------

                                    LIMITED PARTNERS:

     All Limited Partners now and hereafter admitted as limited partners of the
Partnership, pursuant to Powers of Attorney now and hereafter executed in favor
of, and granted and delivered to, the General Partner.

                                    By: U.S. Propane, L.L.C., General Partner of
                                    U.S. Propane, L.P., General Partner, as
                                    attorney-in-fact for all Limited Partners
                                    pursuant to the Powers of Attorney granted
                                    pursuant to Section 2.6 of the Partnership
                                    Agreement.

                                    By:
                                       ----------------------------------------
                                    Name:
                                         --------------------------------------
                                    Title:
                                          -------------------------------------

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00059-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00059-of-00352.parquet"}]]