Document:

exv10w1w1

 

Exhibit 10.1.1

AMENDMENT NO. 2

TO THE

SPECIALTY UNDERWRITERS’ ALLIANCE, INC.

PARTNER AGENT PROGRAM AGREEMENT

This amendment (“Amendment”) is made and entered into as of the 14th day of March, 2006 by and
between American Team Managers (“ATM”) and Specialty Underwriters’ Alliance, Inc., and amends the
Partner Agent Program Agreement (“Agreement”) entered into by the parties on May 1, 2004, as
amended. Any terms defined in the Agreement and used herein shall have the same meaning in this
Amendment as in the Agreement. In the event that any provision of this Amendment and any provision
of the Agreement are inconsistent or conflicting, the inconsistent or conflicting provision of this
Amendment shall be and constitute an amendment of the Agreement and shall control, but only to the
extent that such provision is inconsistent or conflicting with the Agreement. Any capitalized
terms not defined herein shall be defined as in the Agreement.

Now, therefore, in accordance with Section IX, D of the Agreement and in consideration of the
mutual agreements and covenants hereinafter set forth, the parties wish to amend the Agreement as
follows:

1. The E-Comp. Maximum Rate of Commission, as listed in Exhibit A, Section A shall be deleted in
its entirety and replaced with the following:

	 	 	 	 	 
	Program Description	 	Line of Business	 	Maximum Rate of Commission
	E-comp.

	 	Workers’ Comp.
	 	15% for new business; 12% for
renewal business effective January 1, 2006.
	 
	 	 	 	 
	Intermodal/Trucking
produced solely through
RSI Insurance Brokers, Inc.

	 	Auto, General Liability and
Garage Liability
	 	15% 

IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be executed on their
behalf by their duly authorized officers as of the day, month and year above written.

	 	 	 	 	 
	SPECIALTY UNDERWRITERS’ ALLIANCE, INC.
	 
	 	 	 	 
	By:

	 	/s/ COURTNEY C. SMITH	 	 
	 

	 	 

	 	 
	Name: Courtney C. Smith	 	 
	Title: President and CEO	 	 
	 
	 	 	 	 
	AMERICAN TEAM MANAGERS	 	 
	 
	 	 	 	 
	By:

	 	/s/ CHRIS MICHAELS	 	 
	 

	 	 

	 	 
	Name: Chris Micheals	 	 
	Title: President and CEOexv10w2

 

Exhibit 10.2

FIRST AMENDMENT TO

RECEIVABLES PURCHASE AGREEMENT

     THIS FIRST AMENDMENT TO RECEIVABLES PURCHASE AGREEMENT (this “Amendment”), dated as of
April 24, 2006, is entered into among ARCH RECEIVABLE COMPANY, LLC (the “Seller”), ARCH
COAL SALES COMPANY, INC. (the “Servicer”), MARKET STREET FUNDING LLC (the
“Issuer”), the various financial institutions party to the Agreement (as defined below) as
LC Participants (the “LC Participants”), and PNC BANK, NATIONAL ASSOCIATION, as
Administrator (the “Administrator”) and as LC Bank (the “LC Bank”).

RECITALS

     1. The parties hereto are parties to the Receivables Purchase Agreement, dated as of February
3, 2006 (as amended, amended and restated, supplemented or otherwise modified through the date
hereof, the “Agreement”); and

     2. The parties hereto desire to amend the Agreement as hereinafter set forth.

     NOW THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are
hereby acknowledged, the parties agree as follows:

     SECTION 1. Certain Defined Terms. Capitalized terms that are used but not defined
herein shall have the meanings set forth in the Agreement.

     SECTION 2. Amendments to the Agreement.

     (a) Sub-clause (ii) of Section 1.12(b) of the Agreement is amended and
restated in its entirety to read as follows:

     “(ii) have an expiry date not later than twelve (12) months after such Letter
of Credit’s date of issuance.”

     (b) Section 5.1 of the Agreement is hereby amended by adding the following
sentence immediately before the ultimate sentence of such section as follows:

     “The Administrator hereby agrees to provide executed copies of any material
amendment or waiver of any provision of this Agreement or any other Transaction
Document to the Rating Agencies.”

     SECTION 3. Representations and Warranties. Each of the Seller and the Servicer hereby
represents and warrants to the Administrator and the Purchasers as follows:

     (a) Representations and Warranties. The representations and warranties made by
it in the Transaction Documents are true and correct as of the date hereof (unless stated to
relate solely to an earlier date, in which case such representations or warranties were true
and correct as of such earlier date).

 

 

     (b) Enforceability. The execution and delivery by such Person of this
Amendment, and the performance of each of its obligations under this Amendment and the
Agreement, as amended hereby, are within each of its corporate powers and have been duly
authorized by all necessary organizational action on its part. This Amendment and the
Agreement, as amended hereby, are such Person’s valid and legally binding obligations,
enforceable in accordance with their respective terms.

     (c) No Default. Both before and immediately after giving effect to this
Amendment and the transactions contemplated hereby, no Termination Event or Unmatured
Termination Event exists or shall exist.

     SECTION 4. Effect of Amendment. All provisions of the Agreement, as expressly amended
and modified by this Amendment, shall remain in full force and effect. After this Amendment becomes
effective, all references in the Agreement (or in any other Transaction Document) to “this
Agreement”, “hereof”, “herein” or words of similar effect referring to the Agreement shall be
deemed to be references to the Agreement as amended by this Amendment. This Amendment shall not be
deemed, either expressly or impliedly, to waive, amend or supplement any provision of the Agreement
other than as set forth herein.

     SECTION 5. Effectiveness. This Amendment shall become effective as of the date hereof
upon receipt by the Administrator of counterparts of this Amendment (whether by facsimile or
otherwise) executed by each of the other parties hereto.

     SECTION 6. Counterparts. This Amendment may be executed in any number of counterparts
and by different parties on separate counterparts, each of which when so executed shall be deemed
to be an original and all of which when taken together shall constitute but one and the same
instrument.

     SECTION 7. Governing Law. This Amendment shall be governed by, and construed in
accordance with, the internal laws of the State of New York.

     SECTION 8. Section Headings. The various headings of this Amendment are included for
convenience only and shall not affect the meaning or interpretation of this Amendment, the
Agreement or any provision hereof or thereof.

[Signatures begin on next page]

- 2 -

 

     IN WITNESS WHEREOF, the parties have executed this Amendment as of the date first written
above.

	 	 	 	 	 
	 	ARCH RECEIVABLES COMPANY, LLC, as Seller

 	 
	 	By:  	/s/ James E. Florczak
 	 
	 	 	Name:  	James E. Florczak 	 
	 	 	Title:  	Vice President & Treasurer 	 
	 

	 	 	 	 	 
	 	ARCH COAL SALES COMPANY, LLC, as Servicer

 	 
	 	By:  	/s/ James E. Florczak
 	 
	 	 	Name:  	James E. Florczak 	 
	 	 	Title:  	Vice President & Treasurer 	 

 

 

	 	 	 	 	 

	 	 	 	 	 
	 	MARKET STREET FUNDING LLC,

as Issuer

 	 
	 	By:  	/s/ Doris J. Hearn
 	 
	 	 	Name:  	Doris J. Hearn 	 
	 	 	Title:  	Vice President 	 
	 

	 	 	 	 	 
	 	PNC BANK, NATIONAL ASSOCIATION,

as Administrator

 	 
	 	By:  	/s/ John T. Smathers
 	 
	 	 	Name:  	John T. Smathers 	 
	 	 	Title:  	Vice President 	 
	 

	 	 	 	 	 
	 	PNC BANK, NATIONAL ASSOCIATION,

as the LC Bank and as an LC Participant

 	 
	 	By:  	/s/ Richard C. Munsick
 	 
	 	 	Name:  	Richard C. Munsick 	 
	 	 	Title:  	Senior Vice President<PAGE>
                                                                    EXHIBIT 10.3

                                                                         Annex A

                              RESTRICTIVE COVENANTS

         (a)      Nondisclosure and Nonuse of Trade Secrets. The Participant
acknowledges that he has had and will have access to confidential information of
the Company and its Affiliates (including, but not limited to, current and
prospective confidential know-how, specialized training, customer lists,
marketing plans, business plans, financial and pricing information, and
information regarding acquisitions, mergers and/or joint ventures) concerning
the business, customers, clients, contacts, prospects, and assets of the Company
and its Affiliates that is unique, valuable and not generally known outside the
Company and its Affiliates, and that was obtained from the Company or an
Affiliate or which was learned as a result of the performance of services by the
Participant on behalf of the Company or an Affiliate ("Trade Secrets"). Trade
Secrets shall not include any information that: (i) is now, or hereafter
becomes, through no act or failure to act on the part of the Participant that
constitutes a breach of this Annex A, generally known or available to the
public; (ii) is known to the Participant at the time such information was
obtained from the Company or an Affiliate; (iii) is hereafter furnished without
restriction on disclosure to the Participant by a third party, other than an
employee or agent of the Company or an Affiliate, who is not under any
obligation of confidentiality to the Company or an Affiliate; (iv) is disclosed
with the written approval of the Company or an Affiliate; or (v) is required to
be disclosed or provided by law, court order, or similar compulsion, including
pursuant to or in connection with any legal proceeding involving the parties
hereto; provided however, that such disclosure shall be limited to the extent so
required or compelled; and provided further, however, that if the Participant is
required to disclose such confidential information, he shall give the Company
notice of such disclosure and cooperate in seeking suitable protections. Other
than in the course of performing services for the Company and its Affiliates,
the Participant will not, at any time, either during the Participant's Service
or thereafter, directly or indirectly use, divulge, furnish or make accessible
to any person any Trade Secrets, but instead will keep all Trade Secrets
strictly and absolutely confidential. The Participant will deliver promptly to
the Company or the Affiliate that employed the Participant, at the termination
of his employment or at any other time at the request of the Company or an
Affiliate, without retaining any copies, all documents and other materials in
his possession relating, directly or indirectly, to any Trade Secrets.

         (b)      Non-Competition. The Participant acknowledges and agrees that
(i) in the course of the Participant's Service the Participant shall become
familiar with the Trade Secrets of the Company and its Affiliates, (ii) the
Participant's services to the Company and its Affiliates are unique in nature
and of an extraordinary value to the Company and its Affiliates, and (iii) the
Company and its Affiliates could be irreparably damaged if the Participant were
to provide similar services to any person or entity competing with the Company
or any Affiliate or engaged in a similar business. In connection with the
issuance to the Participant of the Award hereunder, and in consideration for and
as an inducement to the Company to enter into this Agreement, the Participant
covenants and agrees that during the period beginning on the date 120 days after
termination of Participant's Service and ending on the first anniversary of the
date of the termination of the Participant's Service (the "Restricted Period"),
if the Participant holds any unexpired Stock Options at such time, the
Participant shall not directly or indirectly operate, control or participate as
a partner, director, principal, officer, or agent of, enter into the employment
of, act as a consultant to, or perform any services for, any company, person, or
entity engaged in a "Competitive Business" as determined by the Company, which
determination shall be binding on the parties. In general, a Competitive
Business will include any company, person or entity that in the judgment of the
Company competes with the Company in any material way, including entities that
directly compete with the Company in (1) the asset management business or (2)
the business of wholesaler distribution of investment company products or
separately managed retail or institutional accounts. The Company may decide that
the employment of a terminated employee in a company that is engaged in
Competitive Business but is also a customer or business partner of the Company
is on balance advantageous to the Company and therefore waive the application of
this non-competition covenant.

         (c)      Nonsolicitation. During the one year period following the
termination of the Participant's Service ( the "Nonsolicitation Period"), the
Participant shall not, directly or indirectly solicit or induce, or attempt to
solicit or induce, any current employee of the Company or an Affiliate, or any
individual who becomes an employee during the Nonsolicitation Period, to leave
his or her employment with the Company or an Affiliate or join or become
affiliated with any other business or entity, hire any employee of the Company
or an Affiliate or in any way interfere with the relationship between any
employee and the Company or an Affiliate. During the Nonsolicitation Period, the
Participant shall not, directly or indirectly, solicit or induce, or attempt to
solicit or induce, any customer, supplier, licensee, licensor or other business
relation of the Company or an Affiliate to terminate its relationship or
contract with the Company or an Affiliate, to cease doing business with the
Company or an Affiliate, or in any way interfere with the relationship between
any such customer, supplier, licensee or business relation and the Company or an
Affiliate (including making any negative statements or communications concerning
the Company or an Affiliate or their employees).

         (d)      Judicial Modification. If the final judgment of a court of
competent jurisdiction declares that any term or provision of this Annex A or
Section 12 of this Agreement is invalid or unenforceable, the parties agree that
(i) the court making the determination of invalidity or unenforceability shall
have the power to reduce the scope, duration, or geographic area of the term or
provision, to delete specific words or phrases, or to replace any invalid or
unenforceable term or provision with a term or provision that is valid and
enforceable and that comes closest to expressing the intention of the invalid or
unenforceable term or provision, (ii) the parties shall request that the court
exercise that power, and (iii) this Agreement shall be enforceable as so
modified after the expiration of the time within which the judgment or decision
may be appealed.

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00103-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00103-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00103-of-00352.parquet"}]]