Document:

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                                                                 EXHIBIT 10.1(e)

           LIMITED WAIVER UNDER AMENDED AND RESTATED CREDIT AGREEMENT

         This LIMITED WAIVER UNDER AMENDED AND RESTATED CREDIT AGREEMENT (this
"LIMITED WAIVER") is dated as of February 14, 2005, and is entered into by and
among ENERGY WEST, INCORPORATED, a Montana corporation (the "COMPANY"), LASALLE
BANK NATIONAL ASSOCIATION, a national banking association, in its capacity as
agent for the "Banks" party to the Credit Agreement described below (in such
capacity, the "AGENT"), such Banks and each other Loan Party.

         WHEREAS, the Agent, the Banks and the Company have entered into that
certain Amended and Restated Credit Agreement dated as of March 31, 2004 (as
such agreement has been and may hereafter be amended, restated, supplemented or
otherwise modified from time to time, the "CREDIT AGREEMENT"); and

         WHEREAS, the Company has failed to comply with: (i) the Interest
Coverage Ratio covenant set forth in Section 10.6.1 of the Credit Agreement for
the Fiscal Quarter ended December 31, 2004 as a result of the additional
interest expense accrued by the Company pursuant to the Inventory Purchase
Agreement referenced in clause (iii) of this paragraph, (ii) the Total Debt to
Capital Ratio covenant set forth in Section 10.6.2 of the Credit Agreement for
the Fiscal Quarter ended December 31, 2004, and (iii) the Indebtedness covenant
set forth in Section 10.7 of the Credit Agreement as a result of the Company's
entry into that certain Agreement dated November 11, 2004 for the purchase of
gas (the "INVENTORY PURCHASE AGREEMENT"; a copy of which has been provided to
Agent) creating not more than $3,580,000 of Indebtedness; and Events of Default
arising under subsection 12.1.5(a) of the Credit Agreement have occurred and are
continuing due to such violations of Sections 10.6.1, 10.6.2 and 10.7 (such
Events of Default are hereinafter referred to at times as the "EXISTING EVENTS
OF Default"); and

         WHEREAS, the Company has requested that the Agent and the Lenders waive
the Existing Events of Default.

         NOW THEREFORE, in consideration of the mutual conditions and agreements
set forth in the Credit Agreement and this Limited Waiver, and other good and
valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, the parties hereto hereby agree as follows:

     1. DEFINITIONS. Capitalized terms used in this Limited Waiver, unless
otherwise defined herein, shall have the meaning ascribed to such terms in the
Credit Agreement.

     2. LIMITED WAIVER. Effective upon the satisfaction of each of the
conditions to effectiveness set forth in Section 4 below, and provided further
that: (i) the actual Interest Coverage Ratio for the Fiscal Quarter ended
December 31, 2004 is not less than 1.90 to 1.00, and (ii) the actual ratio of
Total Debt to Capital Ratio for the Fiscal Quarter ended December 31, 2004 is
not greater than 0.76 to 1.00 (the calculations with respect to the foregoing
clauses (i) and (ii) based upon the financial statements being filed on the date
hereof by the Company with the United States Securities and Exchange Commission,
which the Company hereby represents

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and warrants to the Agent and the Banks are true and correct in all material
respects), the Agent and the Banks hereby waive the Existing Events of Default
and agree that, notwithstanding anything contained in the Credit Agreement to
the contrary, the failure of the Company to comply with: (x) the Interest
Coverage Ratio covenant set forth in Section 10.6.1 of the Credit Agreement for
the fiscal quarter ended December 31, 2004, (y) the Total Debt to Capital Ratio
covenant set forth in Section 10.6.2 of the Credit Agreement for the fiscal
quarter ending December 31, 2004 and (z) the Indebtedness covenant set forth in
Section 10.7 of the Credit Agreement shall not give rise to any future Default
or Event of Default under the Credit Agreement. This limited waiver is limited
in scope and shall not constitute or be deemed to constitute a waiver of,
consent to or departure from, any other term of provision of the Credit
Agreement or any other Loan Document, each of which shall continue unmodified
and in full force and effect, nor shall this limited waiver constitute a course
of dealing among the parties.

     3. RATIFICATION; NO DEFENSES; WAIVER.

     (a) RATIFICATION. The Company and each other Loan Party hereby ratifies,
acknowledges, affirms and reconfirms its rights, interests and obligations under
each Loan Document and agrees to perform each of its obligations thereunder as
and when required. By executing this Limited Waiver, the Company and each other
Loan Party hereby further ratifies, acknowledges, affirms and reconfirms that
each Loan Document, as amended hereby, constitutes a legal, valid and binding
obligation of such Person enforceable against such Person in accordance with its
terms, and that each such Loan Document is in full force and effect.

     (b) NO DEFENSES. The Company and each other Loan Party hereby represent and
warrant to, and covenant with Agent and the Banks that as of the date hereof:
(i) neither Company nor any other Loan Party has any defenses, offsets or
counterclaims of any kind or nature whatsoever against Agent or any Bank with
respect to any of the loans or other financial accommodations made under any of
the Loan Documents or any of the Loan Documents themselves, or any action
previously taken or not taken by Agent or any of the Banks with respect thereto,
and (ii) Agent and the Banks have fully performed all obligations to the Company
and each other Loan Party which they may have had or have on and of the date
hereof.

     (c) WAIVER OF AGENT AND BANKS. The Company and each other Loan Party, on
behalf of each such Person and their respective executors, successors and
assigns, hereby waives, releases and discharges Agent and the Banks and all of
the affiliates, directors, officers, employees, attorneys and agents of the
Agent and the Banks, from any and all claims, demands, actions or causes of
action arising out of or in any way relating to the Loan Documents and any
documents, agreements, dealings or other matters connected with the Loan
Documents, including, without limitation, all known and unknown matters, claims,
transactions or things occurring on or before the date hereof.

     4. CONDITIONS. The effectiveness of this Limited Waiver is subject to the
following conditions precedent:

     (a) the Company, each other Loan Party and each Bank shall have executed
and delivered this Limited Waiver; and

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     (b) the representations and warranties set forth in Section 5 of this
Limited Waiver shall be true and correct.

     5. REPRESENTATIONS AND WARRANTIES. To induce the Agent and the Banks to
enter into this Limited Waiver, the Company and each other Loan Party hereby
represents and warrants to the Agent and the Banks that: (i) the execution,
delivery and performance of this Limited Waiver has been duly authorized by all
requisite corporate action on the part of the Company and each such other Loan
Party and that this Limited Waiver has been duly executed and delivered by the
Company and each other Loan Party and this Limited Waiver and the Credit
Agreement constitute valid and binding obligations of each of them, as
applicable, enforceable in accordance with their respective terms, (ii) no
Default or Event of Default (other than the Existing Events of Default) has
occurred or is continuing under the Credit Agreement or would result from the
execution and delivery of this Limited Waiver, and (iii) each of the
representations and warranties set forth in Section 9 of the Credit Agreement,
after giving effect to this Limited Waiver, is true and correct in all material
respects as of the date hereof, unless any such representation or warranty is
already qualified by materiality, in which case it shall be true and correct in
all respects.

     6. SEVERABILITY. Any provision of this Limited Waiver held by a court of
competent jurisdiction to be invalid or unenforceable shall not impair or
invalidate the remainder of this Limited Waiver and the effect thereof shall be
confined to the provision so held to be invalid or unenforceable.

     7. REFERENCES. Any reference to the Credit Agreement contained in any
document, instrument or agreement executed in connection with the Credit
Agreement shall be deemed to be a reference to the Credit Agreement as modified
by this Limited Waiver.

     8. COUNTERPARTS. This Limited Waiver may be executed in one or more
counterparts, each of which shall constitute an original, but all of which taken
together shall be one and the same instrument. A counterpart of this Limited
Waiver delivered by facsimile or other electronic means shall for all purposes
be as effective as delivery of an original counterpart.

     9. COSTS. The Company agrees to pay on demand all reasonable costs and
expenses incurred by the Agent (including fees and expenses of counsel) incurred
in connection with the negotiation and preparation of this Limited Waiver.

     10. GOVERNING LAW. The validity and interpretation of this Limited Waiver
and the terms and conditions set forth herein, shall be governed by and
construed in accordance with the laws of the State of Illinois, without giving
effect to any provisions relating to conflict of laws that would call for the
application of the laws of another jurisdiction.

     11. MISCELLANEOUS. This Limited Waiver shall be deemed to be a Loan
Document.

            - Remainder of Page Left Blank; Signature Page Follows -

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     Delivered at Chicago, Illinois, as of the day and year first above written.

AGENT AND BANK:                                OTHER LOAN PARTIES:
--------------                                 ------------------

LASALLE BANK, NATIONAL
ASSOCIATION, a national banking                ENERGY WEST PROPANE, INC.,
association, as Agent and as a Bank            a Montana corporation

By:      /s/ Meghan Payne                      By:     /s/ Douglas R. Mann
         ----------------------------                  -------------------------
Name:    Meghan Payne                          Name:   Douglas R. Mann
Title:   First Vice President                  Title:  President

COMPANY:

ENERGY WEST, INCORPORATED, a                   ENERGY WEST RESOURCES, INC.,
Montana corporation                            a Montana corporation

By:      /s/ John C. Allen                     By:     /s/ John C. Allen
         ----------------------------                  -------------------------
Name:    John C. Allen                         Name:   John C. Allen
Title:   Senior Vice President                 Title:  Authorized
                                                       Representative

                                               ENERGY WEST DEVELOPMENT, INC.,
                                               a Montana corporation

                                               By:     /s/ John C. Allen
                                                       -------------------------
                                               Name:   John C. Allen
                                               Title:  Authorized
                                                       Representative

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                                                                    EXHIBIT 10.1
                                 AMENDMENT NO. 3

      This Amendment No. 3 is entered into this 23rd day of November, 2004,
between Airport One Limited Partnership, a Minnesota limited partnership
("Landlord") and Navarre Corporation, a Minnesota corporation ("Tenant").

                              W I T N E S S E T H:

      In consideration of One Dollar ($1.00) and other good and valuable
consideration, the receipt and sufficiency of which is hereby acknowledged, the
parties hereby amend that certain Standard Commercial Lease dated March 30,
2000, as amended by that certain Amendment No. 1 dated April 1, 2002, and
further amended by that certain Amendment No. 2 dated March 10, 2004, between
Landlord and Tenant (collectively the "Lease"), as follows:

      1. PREMISES. Section 1.2 is amended effective as of January 1, 2005 to add
to the Premises approximately 39,839 square feet of space (the "Additional
Space") within the Building, such that the Premises shall consist of 75,526
square feet of warehouse and 4,313 square feet of office for a total of 79,839
square feet. Exhibit A to the Lease shall be deleted effective as of January 1,
2005 and replaced with Exhibit A hereto.

      2. TERM. The text of Section 1.3 is deleted effective as of January 1,
2005, and the following shall be inserted in its place and stead: Subject to and
upon the conditions set forth herein, the Term of the Lease shall be for a
period of six (6) years commencing January 1, 2005 and terminating December 31,
2010. Tenant shall have three (3) options to renew the Lease for consecutive
terms of five (5) years each. Tenant shall provide Landlord with no less than
one hundred eighty (180) days' prior written notice of its intent to exercise
this renewal option. Tenant's failure to timely exercise a renewal option shall
be deemed Tenant's waiver of its right to exercise such renewal option and any
remaining renewal options.

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      3.    BASE RENT. Section 1.4 is amended effective as of January 1, 2005 as
            follows:

      BASE RENT: $29,803.83 monthly ($357,646.00 annually) year one and
increasing annually at a rate of increase equal to the lesser of (i) two percent
(2%), or (ii) the annual increase in the Consumer Price Index for Urban Wage
Earners and Clerical Workers (CPI-W) (1982-84: 100) (the "CPI Index") over the
prior year; provided, however, if the CPI Index is not published or available,
then Landlord shall have the discretion to substitute the CPI Index with a
substantially similar index.

      4. RIGHT OF FIRST REFUSAL. The right of first refusal set forth in the
Lease (specifically paragraph 2 of that certain Amendment No. 2 dated March 10,
2004 between Landlord and Tenant) is hereby deleted, and the following is
inserted in its place and stead: In the event that Landlord intends during the
term of this Lease to offer for lease all or any portion of the remaining 40,000
square feet in the Building, (the "Expansion Space"), Landlord shall give
written notice thereof to Tenant (the "Offer Notice"), including in such notice
the terms and rental under which Landlord desires to offer the Expansion Space
for lease, Tenant shall have ten (10) days after receipt of the Offer Notice to
exercise its right and option to lease the portion of the Expansion Space
specified in the Offer Notice on the terms and conditions set forth by Landlord,
in which event Landlord and Tenant shall execute a lease agreement incorporating
such terms and conditions. If Tenant fails to exercise such right within each
ten (10) day period, Landlord shall have the right to offer and lease such
space, free and clear of Tenant's rights as set forth above; provided, if the
space identified in the Offer Notice is not leased within one (1) year following
the Offer Notice, a subsequent Offer Notice shall be given and Tenant shall
again have ten (10) days to exercise its option therein in the same manner as
set forth above. Notwithstanding anything herein to the contrary, Tenant's
rights under this paragraph shall be (i)

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subject to the rights of any tenants for such space to expand or renew their
leases and (ii) conditioned upon there being no Default by Tenant under this
Lease at the time the Offer Notice would otherwise be required to be given or at
the time of exercise of Tenant's right.

      5. PRO RATA SHARE. Effective as of January 1, 2005, the Pro Rata Share set
forth in Section 1.8 of the Lease of thirty-three percent (33%) shall be deleted
and replaced by sixty-seven percent (67%).

      6. SIGNS. Section 3.2 of the Lease shall be deleted and of no further
force and effect whatsoever from and after the date, if any, on which Tenant
leases the Expansion Space in addition to the Premises.

      7. RIGHT OF ACCESS. Section 3.5 of the Lease is amended by inserting the
phrase "upon reasonable prior notice" after the phrase "at any and all
reasonable times" in the first line of such Section 3.5.

      8. THEFT OR BURGLARY. Section 4.2 of the Lease is hereby amended by
inserting the phrase ", except to the extent attributable solely to the
negligence or willful misconduct of the Landlord, its employees, agents or
representatives" after the word "Building" at the end of such Section 4.2.

      9. HOLD HARMLESS. Section 7.5 of the Lease is hereby amended by inserting
the phrase "Except to the extent solely attributable to the negligence or
willful misconduct of the Landlord, its employees, representatives or agents,"
at the beginning of such Section 7.5 before the word "Landlord".

      10. CONDITIONS OF ASSIGNMENT. Section 9.3 of the Lease is here by amended
by inserting a period in the 20th line of said Section after the word "sublease"
and deleting the

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phrase "and Landlord shall have a security interest in all properties on the
Premises to secure payment of such sums" from the 20th and 21st lines.

      11. CORPORATE AUTHORITY. Section 14.7 of the Lease is hereby amended by
deleting the last sentence of said Section in its entirety.

      12. REMOVAL OF DEMISING WALL; DELIVERY OF THE ADDITIONAL SPACE. Landlord
agrees to deliver the Additional Space to Tenant on or before January 1, 2005.
In addition, Landlord agrees, at its sole cost and expense and in a
commercially-reasonable manner so as to minimize disruption to Tenant's use of
the existing Premises, to remove the demising wall that currently divides the
existing Premises from the Additional Space ("Landlord's Work"). Landlord shall
commence Landlord's Work reasonably promptly following the date on which the
Additional Premises are vacated by the existing tenant. If Landlord fails to (i)
complete Landlord's Work, and/or (ii) deliver the Additional Space to Tenant on
or before January 1, 2005, then Landlord shall provide Tenant with a credit
equal to two (2) days' Base Rent with respect to the Additional Space for each
day beyond January 1, 2005 that Landlord's Work is not completed and/or delivery
of the Additional Space has not occurred. In addition, if, within ninety (90)
days following January 1, 2005, either (i) Landlord's Work is not completed, or
(ii) the Additional Space has not been delivered, then Tenant shall be entitled
to terminate the Lease with respect to the Additional Space. Notwithstanding
anything to the contrary in this Amendment No. 3, Tenant's obligations under
this Amendment No. 3, including, without limitation, Tenant's obligation to pay
Base Rent with respect to the Additional Space, shall not be effective until
Landlord has completed Landlord's Work and delivered the Additional Space to
Tenant.

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      13. Except as set forth above, the terms and conditions of the Lease shall
continue, and the parties hereto reaffirm and acknowledge the terms and
conditions of the Lease.

                           [SIGNATURES ON NEXT PAGE.]

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LANDLORD                            TENANT

AIRPORT ONE LIMITED PARTNERSHIP     NAVARRE CORPORATION

By: _______________________________    By: ____________________________
    Its:     General Partner               Its:         _______________

Date _____________________________     Date: ______________________________

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                                    EXHIBIT A

                            PLAN OF DEMISED PREMISES

[See attached.]

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