Document:

ex10-16.htm

    Exhibit
10.16

    MASTER
REVOLVING CREDIT NOTE

    

    

    Date   August
25, 2008 (THIS NOTE SUPERCEDES AND REPLACES THOSE NOTES

    DATED
FEBRUARY 12. 2008, JANUARY 8, 2008, JUNE 10, 2008 AND JULY 10,
2008)

    

    Maker:   Michael
Lambert, Inc.

    

    Payee:   BFP Texas,
Ltd.

    

    Place for Payment:  
20022 Creek Farm, San Antonio, TX  78259

    

    Principal Amount:  
Twenty Thousand and 00/100 Dollars  ( $30,000.00)

    

    Annual Interest Rate on Unpaid
Principal from Date:   Zero percent (0%)

    

    Annual Interest Rate on Matured,
Unpaid Amounts:   Zero percent (0%)

    

    Terms
of Payment (principal and interest):

    

    Interest, if any,  on any
unpaid principal shall be due on the fifteenth (15th) of
each month.   All unpaid principal and interest is due and
payable on  December 31, 2009.

    

    The unpaid principal balance, including
any unpaid and accrued interest, shall at no time exceed the sum
of  Thirty Thousand and no/100 dollars ($30,000.00).  The
unpaid principal balance of this note at any time shall be the total amounts
loaned or advanced hereunder by Payee, less the amount of payments or
prepayments of principal made hereon by or for the account of
Maker.  It is contemplated that by reason of prepayments hereon, there
may be times when no indebtedness is due hereunder; but notwithstanding such
occurrences, this note shall remain valid and shall be in full force and effect
as to loans or advances made pursuant to and under the terms of this note
subsequent to each such occurrence.

    

    Advances hereunder shall be made by
Payee upon the oral or written request of the undersigned officer of Maker or
any other officer of Maker authorized to make such a request.

    

    Maker  promises to pay to the
order of Payee at the place for payment and according to the terms of payment
the principal amount plus interest at the rates stated above.  All
unpaid amounts shall be due  December 31, 2009.

    

         On
default in the payment of this note or in the performance of any obligation in
any instrument securing or collateral to it this note and all obligations in all
instruments securing or collateral to it shall become immediately due at the
election of Payee.  Maker and each surety, endorser, and guarantor
waive all demands for payment, presentations for payment, notices of intention
to accelerate maturity, protests, and notices of protest.

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    If this
note or any instrument securing or collateral to it is given to an attorney for
collection, or if suit is brought for collection, or if it is collected through
probate, bankruptcy, or other judicial proceeding, then Maker shall pay Payee
all costs of collection, including reasonable attorney's fees and court costs,
in addition to other amounts due.

    

        Interest
on the debt evidenced by this note shall not exceed the maximum amount of
nonusurious interest that may be contracted for, taken, reserved, charged, or
received under law; any interest in excess of that maximum amount shall be
credited on the principal of the debt or, if that has been paid,
refunded.  On any acceleration or required or permitted prepayment,
any such excess shall be canceled automatically as of the acceleration or
prepayment or, if already paid, credited on the principal of the debt or, if the
principal of the debt has been paid, refunded.  This provision
overrides other provisions in this and all other instruments concerning the
debt.

    

        The
terms Maker and Payee and other nouns and pronouns include the plural if more
than one.  The terms Maker and Payee also include their respective
successors, representatives, and assigns.

    

    
      	 
      	 
      
	 
      	
              Maker

            
	 
      	
              Michael
      Lambert, Inc.

            
	 
      	 
      
	 
      	 
      
	 
      	 
      
	 
      	
              By:
      /s/ Robert
      Kremer

            
	 
      	
              Robert
      Kremer

            
	 
      	
              Presidentex10-17.htm

    Exhibit
10.17

    
 

    August 1,
2008

    

    Michael
Lambert, Inc.

    121
Interpartk Blvd.

    San
Antonio, TX 78216

    

    Re:           Sub-Lease

    

    Dear
Michael Lambert,
Inc.:

    

    This will
confirm that, notwithstanding anything contained therein to the contrary, the
Sublease dated January 1, 2008 is hereby modified to provide for a total rent
for the remainder of the term, pursuant to Para. 3 of said sublease, to be an
amount equal to $0.00 (zero dollars) per month.

    

    Sincerely,

    KBK To
The Trade, Inc.

    

    /s/ Robert Kremer

    Robert
Kremer

    President

    

    Accepted
& Agreed:

    

    MICHAEL
LAMBERT, INC.

    

    

    Carey
G. Birmingham

    Chief
Financial Officerexhibit4.htm

    
      
        	
                 
      

              	
                Exhibit
      4.1

              

      

      

      First
Amendment to Rights Agreement

      

      This First Amendment to Rights
Agreement is made and entered into this 12th day of September, 2008 (the
“Amendment”), by and between Chesapeake Utilities Corporation, a Delaware
corporation (the “Company”), and Computershare Trust Company, N.A., a federally
chartered trust company, as successor rights agent to BankBoston, N.A. (the
“Rights Agent”).

      

      Recitals:

      

      WHEREAS, the Company and the Rights
Agent executed that certain Rights Agreement dated as of August 20, 1999 (the
“Original Agreement”) pursuant to which the Company’s stockholders were granted
certain rights to acquire shares of the Company’s
Series  A  Participating
Cumulative  Preferred  Stock, par value $.01 per share
(collectively, the "Preferred Stock") under the circumstances and in accordance
with the terms and conditions set forth in the Original Agreement;
and

      

      WHEREAS, the Company and the Rights
Agent desire to amend certain terms and conditions of the Original Agreement as
set forth herein.

      

      NOW THEREFORE, in accordance with the
terms of the Original Agreement, the parties hereby agree as
follows:

      

      1.              Amendments to Original
Agreement.

      

      (a)              Section
2 of the Original Agreement is hereby amended by deleting the following language
in its entirety: “and the holders of the Rights (who in accordance with Section
3 hereof, shall prior to the Distribution Date also be the holders of Common
Shares)”.

      

      (b)              Section
7(a) of the Original Agreement is hereby amended by changing the Final
Expiration Date, as defined therein, to August 20, 2019.

      

      (c)              Section
7(b) of the Original Agreement is hereby amended by changing the price therein
from $54.56 to $105.

      

      (d)              Section
21 of the Original Agreement is hereby amended by deleting the following
language in its entirety:

      

      “Any
successor Rights Agent, whether appointed by the Corporation or by such a
court,  shall be a corporation organized and doing business under the
laws of the United States or of the State of New York (or of any other state of
the United States so long as such corporation is authorized to do business as a
banking institution in the State of New York), in good standing, having an
office in the State of New York which is authorized under such laws to exercise
corporate trust or stock transfer powers and is subject to supervision or
examination by federal or state authority and which has at the time of
its  appointment as Rights Agent a combined capital and surplus of at
least $100,000,000.”

      

      and
replacing it with the following:

      

      “Any
successor Rights Agent, whether appointed by the Corporation or by such a
court,  shall be a corporation or trust company organized and doing
business under the laws of the United States or of the State of New York (or of
any other state of the United States so long as such corporation is authorized
to do business as a banking institution in the State of New York), in good
standing, having an office in the State of New York, which is authorized under
such laws to exercise corporate trust or stock transfer powers and is subject to
supervision or examination by federal or state authority and which has at the
time of its appointment as Rights Agent, either individually or combined with an
Affiliate, a combined capital and surplus of at least
$100,000,000.”

      

      (e)              Section
26 of the Original Agreement is hereby amended by deleting the Rights Agent
address information in its entirety and replacing it with the
following:

      

      “Computershare Trust Company,
N.A.

      250 Royall Street

      Canton,
MA  02021

      Attention: Client
Services”

      

      (f)              The
Original Agreement is hereby amended by inserting the following new Section
35:

      

      “Section
35. Force
Majeure.  Notwithstanding anything to the contrary contained
herein, the Rights Agent shall not be liable for any delays or failures in
performance resulting from acts beyond its reasonable control including, without
limitation, acts of God, terrorist acts, shortage of supply, breakdowns or
malfunctions, interruptions or malfunction of computer facilities, or loss of
data due to power failures or mechanical difficulties with information storage
or retrieval systems, labor difficulties, war, or civil unrest.”

      

      2.           Counterparts.  This
Amendment may be executed by the parties hereto in several counterparts, each of
which shall be deemed to be an original and all of which shall constitute
together but one and the same agreement.

      

      3.           Governing
Law.  THIS AMENDMENT SHALL BE DEEMED TO BE A CONTRACT MADE
UNDER THE LAWS OF THE STATE OF DELAWARE AND FOR ALL PURPOSES SHALL BE GOVERNED
BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF SUCH STATE OF DELAWARE
APPLICABLE TO CONTRACTS TO BE MADE AND PERFORMED ENTIRELY WITHIN SUCH
STATE.

      

      4.           Successors and
Assigns.  This Amendment shall be binding upon and inure to the
benefit of the parties hereto and their respective successors and
assigns.

      

      5.           No Other
Modification.  Except to the extent specifically provided to
the contrary in this Amendment, all terms and conditions of the Original
Agreement shall remain in full force and effect, without modification or
limitation.  In the event of any conflict or inconsistency between the
Original Agreement and this Amendment, this Amendment will control and supersede
to the extent of such conflict or inconsistency.

       

      
        IN WITNESS WHEREOF, the parties
hereto have caused this Amendment to be duly executed as of the day and year
first above written.

        

        CHESAPEAKE UTILITIES
CORPORATION

        

        By:  /s/ Beth W.
Cooper

        ————————————

        Beth W. Cooper

        Vice President, Corporate Secretary
and Treasurer

        

        

        

        

        COMPUTERSHARE TRUST COMPANY,
N.A,

        as Rights Agent

        

        By:  /s/ Katherine
Anderson

        ——————————————

        Katherine Anderson

        Managing
Director

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