Document:

ex105e.htm

    
       

       

      
         

        
          American
Airlines, Inc.

          6-1162-CLO-1082
Page 4

        

      

    

    6-1162-CLO-1082

    

    

    American
Airlines, Inc.

    P.O. Box
619616

    Dallas-Fort
Worth Airport, Texas 75261-9616

    

    

    Subject:                      Advance
Payments and Permitted Transactions 2

    

    

    
      	
              Reference:

            	
              Purchase
      Agreement No. 1977 (the Purchase Agreement) between The Boeing Company
      (Boeing) and American Airlines, Inc.  (Customer) relating to
      Model 737-823 aircraft (the
Aircraft)

            

    

    

    

    This
Letter Agreement amends and supplements the Purchase Agreement.  All
terms used but not defined in this Letter Agreement have the same meaning as in
the Purchase Agreement.

    

    

    
      	
              1.  

            	
              Advance Payments for
      Aircraft.

            

    

    

    Notwithstanding Article 4.2 and Table
1C of the Purchase Agreement, which sets forth Boeing’s standard [CONFIDENTIAL
PORTION OMITTED AND FILED SEPARATELY WITH THE COMMISSION PURSUANT TO A REQUEST
FOR CONFIDENTIAL TREATMENT], Boeing and Customer agree that the [CONFIDENTIAL
PORTION OMITTED AND FILED SEPARATELY WITH THE COMMISSION PURSUANT TO A REQUEST
FOR CONFIDENTIAL TREATMENT], is hereby amended as follows:

    

    

    
      	
              1.1  

            	
              Customer
      will make Advance Payments to Boeing [CONFIDENTIAL PORTION OMITTED AND
      FILED SEPARATELY WITH THE COMMISSION PURSUANT TO A REQUEST FOR
      CONFIDENTIAL TREATMENT].

            

    

    

    

    
      	
              1.2  

            	
              Notwithstanding
      Section 1.3 of Letter Agreement No. 6-1162-AKP-070 entitled Miscellaneous
      Commitments for Model 737, 757, 767 and 777 Aircraft, Customer will
      [CONFIDENTIAL PORTION OMITTED AND FILED SEPARATELY WITH THE COMMISSION
      PURSUANT TO A REQUEST FOR CONFIDENTIAL
  TREATMENT].

            

    

    

    

    
      	
              1.3  

            	
              [CONFIDENTIAL
      PORTION OMITTED AND FILED SEPARATELY WITH THE COMMISSION PURSUANT TO A
      REQUEST FOR CONFIDENTIAL
TREATMENT].

            

    

    

    

    2.           Permitted
Transactions

    

    Notwithstanding
Article 9.2 of the AGTA, Boeing agrees that Customer may from time to time prior
to delivery of any Relevant Aircraft [CONFIDENTIAL PORTION OMITTED AND FILED
SEPARATELY WITH THE COMMISSION PURSUANT TO A REQUEST FOR CONFIDENTIAL
TREATMENT].

    

    

    

    [CONFIDENTIAL
PORTION OMITTED AND FILED SEPARATELY WITH THE COMMISSION PURSUANT TO A REQUEST
FOR CONFIDENTIAL TREATMENT]:

    

    

    

    
      	
              (i)  

            	
              [CONFIDENTIAL
      PORTION OMITTED AND FILED SEPARATELY WITH THE COMMISSION PURSUANT TO A
      REQUEST FOR CONFIDENTIAL
TREATMENT];

            

    

    

    

    

    
      	
              (ii)  

            	
              [CONFIDENTIAL
      PORTION OMITTED AND FILED SEPARATELY WITH THE COMMISSION PURSUANT TO A
      REQUEST FOR CONFIDENTIAL
TREATMENT];

            

    

    

    

    

    
      	
              (iii)  

            	
              [CONFIDENTIAL
      PORTION OMITTED AND FILED SEPARATELY WITH THE COMMISSION PURSUANT TO A
      REQUEST FOR CONFIDENTIAL
TREATMENT];

            

    

    

    

    

    
      	
              (iv)  

            	
              [CONFIDENTIAL
      PORTION OMITTED AND FILED SEPARATELY WITH THE COMMISSION PURSUANT TO A
      REQUEST FOR CONFIDENTIAL
TREATMENT];

            

    

    

    

    
      	
              (v)  

            	
              [CONFIDENTIAL
      PORTION OMITTED AND FILED SEPARATELY WITH THE COMMISSION PURSUANT TO A
      REQUEST FOR CONFIDENTIAL TREATMENT]

            

    

    

    

    

    [CONFIDENTIAL
PORTION OMITTED AND FILED SEPARATELY WITH THE COMMISSION PURSUANT TO A REQUEST
FOR CONFIDENTIAL TREATMENT].

    

    

    

    [CONFIDENTIAL
PORTION OMITTED AND FILED SEPARATELY WITH THE COMMISSION PURSUANT TO A REQUEST
FOR CONFIDENTIAL TREATMENT].

    

    

    For
avoidance of doubt, nothing within this Letter Agreement is intended to, nor
shall it, derogate the rights and obligations of Boeing and Customer with regard
to the financing of aircraft at or following delivery in accordance with Article
9.2 of the AGTA.

    

    
      
        
          P.A. No.
1977 SA-32

          Advance
Payments and Permitted Transactions 2

          BOEING
PROPRIETARY 

          

        

         

      

      
         

        
          

        

      

      
         

        
          American
Airlines, Inc.

          6-1162-CLO-1082
Page 4

        

      

    

    

     

    3.            Confidential
Treatment.

     

     

    Customer and Boeing understand certain
commercial and financial information contained in this Letter Agreement is
considered by Boeing and Customer as confidential.  Customer and
Boeing agree that each will treat this Letter Agreement and the information
contained herein as confidential and will not, without the prior written consent
of the other, disclose this Letter Agreement or any information contained herein
to any other person or entity, except as required by law or government
regulation.

     

    

    

    

    Very
truly yours,

    

    THE
BOEING COMPANY

    

    

    By

    

    Its Attorney-In-Fact

    

    

    ACCEPTED
AND AGREED TO this

    

    Date:
_______________, 2009

    

    AMERICAN
AIRLINES, INC.

    

    

    By                                          

    

    Its                                          

    

    

    
      
        
          P.A. No.
1977 SA-32

          Advance
Payments and Permitted Transactions 2

          BOEING
PROPRIETARY 

          

        

         

      

      
         

        
          

        

      

      
         

      

    

    

    
      
        
          P.A. No.
1977 SA-32

          Advance
Payments and Permitted Transactions 2

          BOEING
PROPRIETARYex1018k070909.htm

    Exhibit
10.1

     

    SECOND
AMENDMENT TO

    SHAREHOLDERS
AGREEMENT

     

    

     

    This Second Amendment, dated as of July
8, 2009 amends the Shareholders Agreement by and among Seneca Foods Corporation,
a New York corporation (the "Company") and the parties listed therein, dated as
of June 22, 1998, as amended by a First Amendment to Shareholders Agreement
dated as of June 30, 2002 (the "Shareholders Agreement").

     

     

    RECITALS

     

     

    A. The
Company has entered into an Agreement of even date herewith (the "RR Amendment")
with Carl Marks Strategic Investments, L.P., Nancy Marks, Marjorie Boas, Carl
Marks Strategic Investments III, L.P., Nancy Marks 2003 GRAT, Nancy Marks 2009
CMS-GRAT, Carolyn Marks, Mark and Susan Claster, Andrew and Carol Boas, Linda
Katz, Constance Marks, Laura Katz, James Miller, Richard Boas , John Hancock
Life Insurance Company and John Hancock Variable Life Insurance Company
concerning the rights and obligations of such parties arising under a
Registration Rights Agreement, dated as of June 22, 1998, among the Company and
certain of such parties (as amended, the "RR Agreement"), including those
relating to a "Secondary Offering" (as defined in the RR Amendment) of certain
of the Company's securities; and

     

     

    B. The
parties hereto have also agreed, in connection with the transactions
contemplated under the RR Amendment, to modify the terms of the Shareholders
Agreement as set forth below.

     

     

    C. Capitalized
terms used by not defined herein shall have the meaning set forth in the RR
Agreement.

     

     

    TERMS OF THIS
AGREEMENT

     

     

    NOW,
THEREFORE:

     

     

    1. Notwithstanding
anything to the contrary set forth in the Shareholders Agreement, the
Shareholders Agreement shall automatically and immediately terminate and be of
no further force and effect if the "Selling Shareholders" consummate the sale of
any "Owned Shares" or "Additional Owned Shares" (as respectively defined in the
RR Amendment) in the Secondary Offering (an “Automatic
Termination”).

     

     

    2. Each of
the "Shareholders" (as defined in the Shareholders Agreement) represents and
warrants to the Company and the other Shareholders that there are no successors
to or assignees of the rights of such Shareholder arising under the Shareholders
Agreement.

     

     

    3. In the
event of an Automatic Termination pursuant to the provisions of Section 1 of
this Second Amendment, the "Investor Designees" (as defined in Section 5.2 of
the Shareholders Agreement) shall immediately resign from all positions held
with the Company, including their positions as members of the board of directors
and any committee of the board of directors of the Company.  By
executing this Agreement, each of the two current "Investor Designees" (Andrew
M. Boas and James F. Wilson) hereby irrevocably tender their respective
resignations from all such positions with the Company effective upon the date of
an Automatic Termination pursuant to Section 1 of this Second Amendment;
provided, however, that such resignations shall not take effect unless and until
such time as an Automatic Termination takes effect in accordance with the
provisions of Section 1 of this Second Amendment.

     

     

    4. This
Second Amendment may be executed and delivered via facsimile or e-mail
transmission; and may be executed in counterparts, each of which shall be an
original and all of which shall constitute one and the same
instrument.

     

     

    5. This
Second Amendment has been negotiated, executed and delivered in the State of New
York and shall be governed by and construed in accordance with the laws of the
State of New York, without regards to principles of conflicts of
law.

     

     

    6. This
Second Amendment, together with the Shareholders Agreement (including the
schedules thereto) is intended by the parties as a final expression of their
agreement and intended to be a complete and exclusive statement of the agreement
and understanding of the parties hereto in respect of the subject matter
contained herein and therein.  There are no restrictions, promises,
warranties or undertakings, other than those set forth or referred to herein and
therein.  This Second Amendment and the Shareholders Agreement
(including the schedules thereto) supersede all prior agreements and
understandings between the parties with respect to such subject
matter.

     

     

    7. This
Second Amendment will terminate and be of no further force and effect if no
Owned Shares are sold in connection with the Secondary Offering by September 30,
2009.

     

     

    8. The
Company confirms and agrees that if the resignation of the Investor Designees
pursuant to Section 3 above becomes effective, then the Investor Designees shall
continue to be entitled to indemnification from the Company in connection with
any and all claims (including litigation claims, if any) arising in connection
with Investor Designees' prior performance and actions as directors of the
Company (or members of any committees of the Company’s board of directors),
which indemnity rights shall be provided by the Company to the Investor
Designees on the same terms and conditions as are in effect on the date that
such resignation becomes effective.

     

     

    9. In the
event of an Automatic Termination pursuant to the provisions of Section 1 of
this Second Amendment, then each party listed on the signatures pages to this
Second Amendment as one of the "Investor Shareholders and Their Transferees" or
one of the "Existing Marks Shareholders" irrevocably and unconditionally agrees
that thereafter such party shall (i) not oppose any proposal to amend the
Company's Certificate of Incorporation to eliminate the existing provisions set
forth in Article 10 thereof (the "C of I Amendment") and (ii) vote, or to cause
to be voted, all of such party's "Shares" (as defined in the Shareholders
Agreement), if any, at any regular or special meeting of shareholders of the
Company where the matter arises, or in any written consent executed in lieu of
such a meeting of shareholders, in favor of the C of I Amendment.

     

     

    10. This
Second Amendment is binding on the undersigned and the respective successors,
heirs, personal representatives and assigns of the undersigned.

     

     

    

     

     

    [SIGNATURE
PAGES TO FOLLOW]

     

    
      
        
          --

        

         

      

      
         

        
          

        

      

      
         

      

    

    

     

    IN
WITNESS WHEREOF, the undersigned have executed this Second Amendment as of the
day and year first set forth above.

     

    COMPANY:

    

    SENECA FOODS CORPORATION

    

    By:  __Kraig H.
Kayser____________________

    Name: Kraig H.
Kayser

    Title:   President and
Chief Executive Officer

    

    INVESTOR SHAREHOLDERS AND
THEIR TRANSFEREES:

    

    CARL MARKS STRATEGIC INVESTMENTS,
L.P.

    

    By:           Carl
Marks Management Company, L.P., as General Partner

    

    

    By:  ___/s/Andrew M.
Boas____________________

    Name:    Andrew M.
Boas

    Title:     
General Partner

    

    CARL
MARKS STRATEGIC INVESTMENTS III, L.P.

    

    By:           Carl
Marks Management Company, L.P., as General Partner

    

     

    By:  ___/s/Andrew M.
Boas____________________

    Name:    Andrew M.
Boas

    Title:     
General Partner

    
      
        
          -S-1-

        

         

      

      
         

        
          

        

      

      
         

      

    

    /s/Carolyn
Marks                                                                   
/s/Constance Marks

    ________________________________                      
_________________________________

    Carolyn
Marks                                                                        
Constance Marks

    

    /s/Linda
Katz                                                                           
/s/Andrew M. Boas

    ________________________________                        _________________________________

    Linda
Katz                                                                                  Andrew
M. Boas

    

    /s/Carol
Boas                                                                          
/s/Mark Claster

    ________________________________                         _________________________________

    Carol
Boas                                                                                 Mark
Claster

    

    
/s/Susan
Claster                                                                      
Nancy Marks 2003 GRAT

    ________________________________                                  

                                                                                                              
/s/Nancy Marks

    Susan
Claster                                                                           By:  ___________________________

    Trustee

    Nancy
Marks 2009 CMS-GRAT

     

    /s/Nancy
Marks                                                                     
/s/Richard Boas
_______________________________                          _________________________________

    Trustee                                                                                     Richard
Boas

    

    /s/Laura
Katz                                                                           
/s/James Miller
_______________________________                            _________________________________

    Laura
Katz                                                                                  James
Miller

    

    

    

      
        
          
            -S-2-

          

           

        

        
           

          
            

          

        

        
           

        

      

    

    

    EXISTING MARKS
SHAREHOLDERS:

    

    /s/Nancy
Marks                                                                             
/s/Majorie Boas

    ________________________________                                _________________________________

    Nancy
Marks                                                                                   Marjorie
Boas

    

    /s/Carolyn Marks

    ________________________________

    Carolyn
Marks

    

    

    EXISTING
SHAREHOLDERS:

    

    /s/Arthur S.
Wolcott                                                                           
/s/Audrey S. Wolcott

    _____________________________________                          ____________________________________

    Arthur S.
Wolcott, Individually and as
Trustee                              Audrey
S. Wolcott, as Trustee

    

    /s/Kraig H.
Kayser                                                                               /s/Susan
W. Stuart
_____________________________________                          ____________________________________

    Kraig H.
Kayser, Individually and as
Trustee                                  Susan
W. Stuart, Individually and as Trustee

    For
certain Kayser family
trusts                                                                for
Alexius Lyle Wadell and Kyle Aaron Wadell

    

    /s/Donald
J. Stuart                                                                                
/s/Kurt Kayser

    _____________________________________                            ____________________________________

    Donald
Stuart                                                                                       
 Kurt Kayser

    

    /s/Karl
Kayser                                                                                        
/s/Marlyn Kayser

    _____________________________________                            _________________________________

    Karl
Kayser                                                                                            
Marilyn W. Kayser

    

    /s/Robert
Oppenheimer                                                                       
/s/Mark S. Wolcott

    _____________________________________                           ___________________________________

    Robert
Oppenheimer, as Trustee of
certain                                  
   Mark S. Wolcott, Individually and as Trustee

    Kayser
family
trusts                                                                                     for
Erin Lorraine Wolcott and Cassandra JeanWolcott

    

    /s/Kari
Wolcott                                                                                     
/s/Bruce S. Wolcott

    _____________________________________                         
 ____________________________________

    Kari
Wolcott                                                                                          
Bruce S. Wolcott, Individually and as Trustee

        for Kaitlin Kerr
Wolcott, Michael StantonWolcott and Paige Strode Wolcott

    

    /s/Constance
Wolcott                                                                         
/s/Aaron Wadell

    _____________________________________                          
____________________________________

    Constance
Wolcott                                                                                Aaron
Wadell

    

    /s/Grace W. Wadell

    _____________________________________

    Grace W.
Wadell, Individually and as Trustee

    For Sara
Elizabeth Stuart, Jennifer Grace Stuart

    and
Donald Arthur Stuart

    

    

    INVESTOR DESIGNEES (SOLELY
FOR PURPOSES OF SECTION 3)

    

    /s/Andrew M. Boas

    _____________________________________

    ANDREW M.
BOAS

    

    /s/James F. Wilson

    _____________________________________

    JAMES F.
WILSON

    
      
        
          
            -S-3-

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