Document:

ex10_5h.htm

Exhibit 10.5(h)

 

EIGHTH AMENDMENT TO

AMENDED AND RESTATED SYNTHETIC NATURAL GAS

PURCHASE AND SALE AGREEMENT

This Eighth Amendment to the Amended and Restated Synthetic Natural Gas Purchase and Sale Agreement (this “Eighth Amendment”) is made and entered into effective as of October 1, 2009 by and between The Procter & Gamble Paper Products Company (“Purchaser”) and Lima Energy Company (“Seller”).  Purchaser and Seller are sometime collectively referred to in this Eighth Amendment as the “Parties” and individually as a “Party”.

Whereas, Purchaser and Seller entered into a certain Amended and Restated Synthetic Natural Gas Purchase and Sale Agreement (the “Original Agreement”) dated August 13, 2007;

Whereas, to accommodate certain deadlines for performance set forth in the Original Agreement, the Parties wish to amend the Original Agreement to clarify certain agreements surrounding applicable dates for performance and similar matters as described below; and

Whereas, the Original Agreement together with the prior Amendments and this Eighth Amendment are sometimes collectively referred to in this Eighth Amendment as the “Agreement”.

Now, therefore, in consideration of the mutual covenants set forth in this Eighth Amendment and for other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, Purchaser and Seller hereby agree as follows:

1.      Terms that are capitalized in this Eighth Amendment, but not otherwise defined shall have the same meanings as set forth in the Original Agreement.

2.      Section references contained in this Eighth Amendment refer to the applicable section(s) of the Original Agreement.

3.      The references to “October 1, 2010” contained in the Section 3.1(a) are hereby deleted and replaced with “February 1, 2013”.

4.      The reference to “February 1, 2011” contained in the Section 3.1(a) is hereby deleted and replaced with “May 1, 2013”.

5.      The reference to “October 1, 2010” contained in Section 3.1(b) of the Original Agreement is hereby deleted and replaced with “February 1, 2013”.

6.      The reference to “December 31, 2007” contained in Section 3.1(d) of the Original Agreement is hereby deleted and replaced with “December 30, 2009”.

7.      The reference to “February 1, 2011” contained in Section 3.1(d) of the Original Agreement is hereby deleted and replaced with “May 1, 2013”.

  

  

  

8.      The references to “October 1, 2010” contained in Section 3.2(a) of the Original Agreement are hereby deleted in their entirety and replaced in each case with “February 1, 2013”.

9.      The references to “February 1, 2011” contained in Section 3.2(a) of the Original Agreement are hereby deleted in their entirety and replaced in each case with “May 1, 2013”.

10.    The references to “December 31, 2007” contained in Section 8.1(a) of the Original Agreement are hereby deleted in their entirety and replaced in each case with “December 30, 2009”.

11.    The references to “December 31, 2007” contained in Section 8.1(b) of the Original Agreement are hereby deleted in their entirety and replaced in each case with “December 30, 2009”.

12.    The references to “December 31, 2007” contained in Section 8.2(a)(i) of the Original Agreement are hereby deleted in their entirety and replaced in each case with “December 30, 2009”.

13.    The references to “March 31, 2009” contained in Section 8.2(a)(ii) of the Original Agreement are hereby deleted in their entirety and replaced in each case with “December 30, 2010”.

14.    The references to “October 1, 2010” contained in Exhibit B are hereby deleted and replaced with “February 1, 2013”.

15.    The reference to “February 1, 2011” contained in Exhibit B is hereby deleted and replaced with “May 1, 2013”.

16.    Except as set forth in this Eighth Amendment, the terms and conditions set forth in the Original Agreement shall remain in place and unmodified.  Each of Purchaser and Seller hereby reaffirms the terms and conditions of the Agreement as modified by this Eighth Amendment.

Executed to be effective as of the Effective Date.

	
The Procter & Gamble Paper Products Company

	  	  
	
By:

	  	
/s/ Richard A. Hughes

	
Name:

	  	  
	
Title:

	  	

 Vice President - Purchases

	
Lima Energy Company

	  	  
	
By:

	  	
/s/ Dwight N. Lockwood

	
Name:

	  	  
	
Title:

	  	

Secretaryex10_5i.htm

Exhibit 10.5(i)

 

NINTH AMENDMENT TO

AMENDED AND RESTATED SYNTHETIC NATURAL GAS

PURCHASE AND SALE AGREEMENT

This Ninth Amendment to the Amended and Restated Synthetic Natural Gas Purchase and Sale Agreement (this “Ninth Amendment”) is made and entered into effective as of April 1, 2010 by and between The Procter & Gamble Paper Products Company (“Purchaser”) and Lima Energy Company (“Seller”).  Purchaser and Seller are sometime collectively referred to in this Ninth Amendment as the “Parties” and individually as a “Party”.

Whereas, Purchaser and Seller entered into a certain Amended and Restated Synthetic Natural Gas Purchase and Sale Agreement (the “Original Agreement”) dated August 13, 2007;

Whereas, to accommodate certain deadlines for performance set forth in the Original Agreement, the Parties wish to amend the Original Agreement to clarify certain agreements surrounding applicable dates for performance and similar matters as described below; and

Whereas, the Original Agreement together with the prior Amendments and this Ninth Amendment are sometimes collectively referred to in this Ninth Amendment as the “Agreement”.

Now, therefore, in consideration of the mutual covenants set forth in this Ninth Amendment and for other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, Purchaser and Seller hereby agree as follows:

1.      Terms that are capitalized in this Ninth Amendment, but not otherwise defined shall have the same meanings as set forth in the Original Agreement.

2.      Section references contained in this Ninth Amendment refer to the applicable section(s) of the Original Agreement.

3.      The references to “October 1, 2010” contained in the Section 3.1(a) are hereby deleted and replaced with “ November1, 2013”.

4.      The reference to “February 1, 2011” contained in the Section 3.1(a) is hereby deleted and replaced with “February 1, 2014”.

5.      The reference to “October 1, 2010” contained in Section 3.1(b) of the Original Agreement is hereby deleted and replaced with “November 1, 2013”.

6.      The reference to “December 31, 2007” contained in Section 3.1(d) of the Original Agreement is hereby deleted and replaced with “September 30, 2010”.

7.      The reference to “February 1, 2011” contained in Section 3.1(d) of the Original Agreement is hereby deleted and replaced with “ February 1, 2014”.

  

  

  

8.      The references to “October 1, 2010” contained in Section 3.2(a) of the Original Agreement are hereby deleted in their entirety and replaced in each case with “ November 1, 2013”.

9.      The references to “February 1, 2011” contained in Section 3.2(a) of the Original Agreement are hereby deleted in their entirety and replaced in each case with “February 1, 2014”.

10.    The references to “December 31, 2007” contained in Section 8.1(a) of the Original Agreement are hereby deleted in their entirety and replaced in each case with “September 30, 2010”.

11.    The references to “December 31, 2007” contained in Section 8.1(b) of the Original Agreement are hereby deleted in their entirety and replaced in each case with “September 30, 2010”.

12.    The references to “December 31, 2007” contained in Section 8.2(a)(i) of the Original Agreement are hereby deleted in their entirety and replaced in each case with “September 30, 2010”.

13.    The references to “March 31, 2009” contained in Section 8.2(a)(ii) of the Original Agreement are hereby deleted in their entirety and replaced in each case with “September 30, 2011”.

14.    The references to “October 1, 2010” contained in Exhibit B are hereby deleted and replaced with “November 1, 2013”.

15.    The reference to “February 1, 2011” contained in Exhibit B is hereby deleted and replaced with “February 1, 2014”.

16.    Except as set forth in this Ninth Amendment, the terms and conditions set forth in the Original Agreement shall remain in place and unmodified.  Each of Purchaser and Seller hereby reaffirms the terms and conditions of the Agreement as modified by this Ninth Amendment.

Executed to be effective as of the Effective Date.

	
The Procter & Gamble Paper Products Company

	  	  
	
By:

	  	
/s/ Camille Chammas

	
Name:

	  	  
	
Title:

	  	

 Vice President – GBS Purchases

	
Lima Energy Company

	  	  
	
By:

	  	
/s/ Dwight N. Lockwood

	
Name:

	  	  
	
Title:

	  	

Secretaryex10_5j.htm

Exhibit 10.5(j)

 

October 28, 2008

By fax to 513.945.3516 and U.S. Mail

The Procter & Gamble Paper Products Company

1 Procter & Gamble Plaza

Cincinnati, OH 45201

Attn: GBS Energy Purchases c/o Ricky Piedrahita

Dear Mr. Piedrahita:

The Procter & Gamble Paper Products Company and Lima Energy Company entered into a Synthetic Natural Gas Purchase and Sale Agreement dated February 5, 2007, an Amended and Restated Synthetic Natural Gas Purchase and Sale Agreement dated August 13, 2007, a First Amendment to Amended and Restated Synthetic Natural Gas Purchase and Sale Agreement dated January 1, 2008, and a Second Amendment to Amended and Restated Synthetic Natural Gas Purchase and Sale Agreement dated June 1, 2008 (collectively “The Agreement”).

Following up on Tim Ferguson’s telephone call to you earlier this week, I am writing to confirm that in the course of raising the capital necessary to build the gasification Facility in Lima, Ohio, we have determined that it is most practical to build the Facility in three phases.  The first phase, which we call GAS-1, will consist of the Lima Energy Company’s building and putting into commercial operations one gasifier, which is expected to produce about 14 billion cubic feet per year of pipeline quality natural gas (SNG).  GAS-1 is expected to produce more than enough synthetic natural gas (SNG) to allow Lima Energy Company to deliver the quantities of Gas set forth in our Agreement.  Our bond underwriters have correctly noted that the Agreement between our companies currently defines the term “Facility” as:

“‘Facility’ means the gasification and SNG production facility capable of converting certain types of solid feedstock into Gas, having a Gas output capability of approximately 75,000 MMBtu per Day, and to be located on the Facility Site, including the Interconnection Facilities, and any additions thereto or replacement thereof.”

 

Because we now plan to initially put only the first gasifier into production under  GAS-1, and because GAS-1 will have a Gas output of approximately 45,000 MMBtu per Day, we need to amend our companies’ Agreement to correct the definition of Facility to read:

“’Facility’ means the gasification and SNG production facility capable of converting certain types of solid feedstock into Gas, having a Gas output capability of approximately 45,000 MMBtu per Day, and to be located on the Facility Site, including the Interconnection Facilities, and any additions thereto or replacement thereof.”

 

  

  

  

 

If the Procter & Gamble Paper Products Company is willing to amend its Agreement with Lima Energy Company to redefine the term “Facility” as requested by Lima Energy Company, please ask someone authorized by your Company, to sign on behalf of your Company on the signature line below, and return a signed copy to us.  Thank you for your ongoing cooperation as we work to build the Facility.

Sincerely,

	
Lima Energy Company

	  	  
	
By:

	  	
/s/ Dwight N. Lockwood

	
Name:

	  	  
	
Title:

	  	

Secretary

Have seen and agreed:

	
The Procter & Gamble Paper Products Company

	  	  
	
By:

	  	
/s/ illegible

	
Name:

	  	  
	
Title:

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