Document:

Letter Agreement for Retention Program Cash Bonus

 Exhibit 10.5 
 February 24, 2006 
  

	Re:	Letter Agreement for Retention Program Cash Bonus and Other Awards Between 

 Nabi Biopharmaceuticals and                              

Dear                     :

 I am pleased to report that you have been selected to participate in the retention program approved on February 24, 2006 by the
Compensation Committee of the Board of Directors of Nabi Biopharmaceuticals, a Delaware corporation (the “Company”). For the purpose of encouraging you to continue to be a key employee of the Company and to participate in the long-term
growth of the Company, you (the “Awardee”) have been awarded by the Company: 
 (i) A cash bonus in the amount of
$             (the “Bonus”), provided that you continue to be employed by the Company on March 1, 2007 and subject to your acceptance of and agreement to the
terms of this Letter Agreement; 
 (ii) An option to purchase             
shares of the Common Stock of the Company under the terms contained in the accompanying Letter Agreement for Stock Option Grant and Acceptance, subject to your acceptance of and agreement to such Letter Agreement; and 
 (iii) An award of              shares of restricted Common Stock of the Company
under the terms contained in the accompanying Restricted Stock Agreement, subject to your acceptance of and agreement to such Restricted Stock Agreement. 
 The Awardee hereby accepts the award of the Bonus, subject to the following additional terms and conditions: 
 1. The Bonus will be paid earlier than March 1, 2007 if the Awardee is employed by the Company upon a “Change of Control” which shall be deemed to have taken place if (i) any “person” (as such term is used in
Sections 13(d) and 14(d)(2) of the Exchange Act) is or becomes the beneficial owner (within the meaning of Rule 13d-3 promulgated under the Exchange Act), directly or indirectly, of securities of the Company representing more than 50% of the
combined voting power of the Company’s then outstanding securities; (ii) (A) a reorganization, merger or consolidation, in each case, with respect to which persons who were shareholders of the Company immediately prior to such
reorganization, merger or consolidation do not, immediately thereafter, own more than 50% of the combined voting power entitled to vote generally in the election of directors of the reorganized, merged or consolidated company’s then outstanding
voting securities or (B) a liquidation or dissolution of the Company; or (iii) as the result of a tender offer, exchange offer, merger, consolidation, sale of assets or contested solicitation of proxies or stockholder consents or any
combination of the foregoing transactions (a “Transaction”), the persons who were directors of the Company immediately before the Transaction shall cease to constitute a majority of the Board of Directors of the Company or of any parent of
or successor to the Company immediately after the Transaction occurs. 
 2. The Awardee acknowledges and agrees that nothing herein shall be
construed to (i) give the Awardee the right to remain employed by the Company or (ii) in any manner restrict the right of the Company to modify, amend or terminate any of its employee benefit plans. 

 3. The Awardee further acknowledges that payment of the Bonus will be subject to withholding by the
Company of federal, state and local income taxes and social security and other payroll taxes. 
 WITNESS the execution hereof as of this
24th day of February, 2006. 
  

			
	Nabi Biopharmaceuticals
		
	By	 	  

		 	Thomas H. McLain, Chairman
		 	Chief Executive Officer & President

 By signing this Letter Agreement below, the Awardee hereby acknowledges and agrees that
he/she has read, understands and accepts and agrees to all of the terms and conditions set forth herein. 
  

	
	  

	Awardee Signature –
	
	  

	Print NameAmendment No. 5

 Exhibit 10.1 
 AMENDMENT NO. 5 
 TO 
 RECEIVABLES PURCHASE AGREEMENT 
 THIS AMENDMENT NO. 5 TO RECEIVABLES PURCHASE AGREEMENT dated as of May 4,
2006 (this “Amendment”) is entered into among AVISTA RECEIVABLES CORP. (the “Seller”), AVISTA CORPORATION (the “Servicer”), RANGER FUNDING COMPANY LLC (formerly known as Receivables Capital Company
LLC) (the “Conduit Purchaser”) and BANK OF AMERICA, N.A., as “Committed Purchaser” (in such capacity, the “Committed Purchaser”) and as “Administrator” (in such capacity, the
“Administrator”) under the Receivables Purchase Agreement defined below. Capitalized terms used herein but not defined herein shall have the meanings provided in such Receivables Purchase Agreement. 
 WITNESSETH 
 WHEREAS, the Seller, the
Servicer, the Conduit Purchaser, the Committed Purchaser and the Administrator are parties to that certain Receivables Purchase Agreement dated as of May 29, 2002 (as amended, restated, supplemented or otherwise modified from time to time, the
“Receivables Purchase Agreement”); 
 WHEREAS, the Seller, the Servicer, the Conduit Purchaser, the Committed Purchaser and
the Administrator have agreed to amend the Receivables Purchase Agreement on the terms and conditions hereafter set forth; 
 NOW, THEREFORE,
in consideration of the premises set forth above, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Seller, the Servicer, the Conduit Purchaser, the Committed Purchaser and the
Administrator hereby agree as follows: 
 SECTION 1. Amendments. Subject to the fulfillment of the condition precedent set forth in
Section 2 below, the Receivables Purchase Agreement is hereby amended as follows: 
 1.1 Section 7.03(e)(i) of the
Receivables Purchase Agreement is amended by deleting the period at the end thereof and inserting the following at the end thereof: 
 ;
provided, that, the Parent and its Affiliates may consummate the Reorganization Transactions if the following conditions are satisfied: (v) at all times before and after giving effect to the Reorganization Transactions, Avista
Corporation (provided that its name may be changed in connection with the Reorganization Transactions so long as the Parent (i) provides to the Administrator not less than thirty (30) days prior written notice thereof and (ii) takes
all steps under the UCC that the Administrator may request to continue the perfection and priority of the Seller’s interest in the Pool Receivables and the Related Rights (as defined in the Purchase Agreement) will continue to be the Originator
and the Servicer and the owner of all of the issued and outstanding capital stock of Seller, and the Parent will continue to operate its utility business subject to regulation by the applicable 

 
state public utility commissions and the U.S. Federal Energy Regulatory Commission; (w) both before and after giving effect to the Reorganization
Transactions no Liquidation Event or Unmatured Liquidation Event shall have occurred and be continuing; (x) not less than five Business Days prior to consummation of the Reorganization Transactions, the Parent shall have delivered to the
Administrator consolidated and consolidating statements of income and statements of cash flow of the Parent and its consolidated Subsidiaries, as of the date of those statements most recently delivered to the Administrator pursuant to
Section 7.02, reflecting on a pro forma basis the transfer by the Parent of the capital stock of Avista Capital to AVA Formation Corp., certified by the chief financial officer or treasurer (each, a “Financial Officer”)
of the Parent, and a copy of the Plan of Exchange, certified by an executive officer or Financial Officer of the Parent or any other officer or similar official responsible for the administration of the Parent’s obligations hereunder (each such
person, a “Responsible Officer”); (y) concurrently with the delivery of financial statements under the immediately preceding clause (x), the Parent shall have delivered to the Administrator (i) a certificate of the
relevant accounting firm opining on or certifying such statements or Financial Officer (which certificate, when furnished by an accounting firm, may be limited to accounting matters and disclaim responsibility for legal interpretations) certifying
that to the knowledge of the accounting firm or the Financial Officer, as the case may be, no Liquidation Event or Unmatured Liquidation Event has occurred, and (ii) a certificate of a Financial Officer of the Parent setting forth in reasonable
detail such calculations as are required to establish whether the Parent was in compliance with Section 7.01 (k) on a pro forma basis on the date of such financial statements, and (z) a certificate of a Responsible Officer, in
form and substance satisfactory to the Administrator, stating that the Reorganization Transactions have been effected in accordance with the Plan of Exchange, without amendment, modification or waiver of any kind not consented to by the
Administrator and that the conditions of this Section 7.03(e)(i) have been satisfied. 
 1.2 Clause (i) of
Section 7.01(k) of the Receivables Purchase Agreement is amended and restated in its entirety as follows: 
 (i)
Consolidated Total Debt to Consolidated Total Capitalization to be greater than (a) at any time prior to consummation of the Reorganization Transactions, 0.70 to 1.00, (b) at any time during the period from and after consummation of the
Reorganization Transactions to and including December 31, 2007, 0.75 to 1.00, and (c) at any time on and after January 1, 2008, 0.70 to 1.00, or 
 1.3 Section 10.01(m) of the Receivables Purchase Agreement is amended and restated in its entirety as follows: 
 (m) Seller or Parent is subject to a Change-in-Control other than, solely with respect to the Parent, as a direct and proximate result of the consummation of the Reorganization Transactions in strict compliance with
Section 7.03(e)(i); or 
  

 2 

 1.4 Appendix A to the Receivables Purchase Agreement is amended by inserting the following
definitions of “Plan of Exchange” and “Reorganization Transactions” in alphabetical order therein: 
 “Plan of Exchange” means the Plan of Share Exchange, dated as of February 13, 2006, between the Parent and AVA Formation Corp., a Washington corporation. 
 “Reorganization Transactions” means the reorganization transactions described in the AVA Formation Corp. Registration
Statement under the Securities Act of 1933 on Form S-4, filed on February 15, 2006, Registration No. 333-131872, under the heading “Holding Company Proposal”, including the Share Exchange and the Avista Capital Dividend, in each
case as defined in said Registration Statement, as amended by Amendment No. 1 and Amendment No. 2 thereto filed on March 23, 2006 and April 7, 2006, respectively. 
 SECTION 2. Condition Precedent. The effectiveness of this Amendment is subject to the satisfaction of the condition precedent that the
Administrator shall have received (which receipt may be by facsimile transmission) counterparts of this Amendment, executed by the Seller, the Servicer, the Conduit Purchaser, the Committed Purchaser and the Administrator. 
 SECTION 3. Representations and Warranties. Each of the Seller and the Servicer hereby represents and warrants that (i) this Amendment
constitutes its legal, valid and binding obligation, enforceable against such party in accordance with its terms, (ii) before and after giving effect to this Amendment, the representations and warranties of each such party, respectively, set
forth in Article 6 of the Receivables Purchase Agreement are true and correct in all material respects with the same effect as if made on the date hereof, except to the extent such representations and warranties expressly relate to an earlier
date. The Seller further represents and warrants that before and after giving effect to this Amendment, no event has occurred and is continuing that constitutes a Liquidation Event or an Unmatured Liquidation Event. 
 SECTION 4. Reference to and Effect on the Receivables Purchase Agreement. 
 4.1 Upon the effectiveness of this Amendment, (i) each reference in the Receivables Purchase Agreement to “this Agreement”,
“hereunder”, “hereof”, “herein” or words of like import shall mean and be a reference to the Receivables Purchase Agreement, as amended hereby, and (ii) each reference to the Receivables Purchase Agreement in any
other Transaction Document or any other document, instrument or agreement executed and/or delivered in connection therewith, shall mean and be a reference to the Receivables Purchase Agreement as amended hereby. 
 4.2 Except as specifically amended above, the terms and conditions of the Receivables Purchase Agreement, of all other Transaction Documents and any
other documents, instruments and agreements executed and/or delivered in connection therewith, shall remain in full force and effect and are hereby ratified and confirmed. 
  

 3 

 4.3 The execution, delivery and effectiveness of this Amendment shall not operate as a waiver of any
right, power or remedy of the Administrator, the Conduit Purchaser or the Committed Purchaser under the Receivables Purchase Agreement or any other Transaction Document or any other document, instrument or agreement executed in connection therewith,
nor constitute a waiver of any provision contained therein, in each case except as specifically set forth herein. 
 SECTION 5. Execution
in Counterparts. This Amendment may be executed in any number of counterparts and by different parties hereto in separate counterparts, each of which when so executed and delivered shall be deemed to be an original and all of which taken
together shall constitute but one and the same instrument. 
 SECTION 6. GOVERNING LAW. THIS AMENDMENT SHALL BE GOVERNED BY AND
CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK. 
 SECTION 7. Section Titles. The section titles contained in this
Amendment are and shall be without substance, meaning or content of any kind whatsoever and are not a part of the agreement between the parties hereto. 
 [THE REMAINDER OF PAGE INTENTIONALLY LEFT BLANK] 
  

 4 

 IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be executed by their respective
officers thereunto duly authorized as of the date first above written. 
  

			
	 AVISTA RECEIVABLES CORP.,
 as
Seller

		
	By:	 	/s/ Diane C. Thoren
		 	Name: Diane C. Thoren
		 	Title: Vice President
	
	 AVISTA CORPORATION,
 as Servicer

		
	By:	 	/s/ Christy M. Burmeister-Smith
		 	Name: Christy M. Burmeister-Smith
		 	Title: Vice President and Treasurer

  

 Signature Page to 
 Amendment No. 5 to Receivables Purchase Agreement 

			
	 RANGER FUNDING COMPANY LLC (formerly
 known
as Receivables Capital Company LLC),
 as Conduit Purchaser

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

  

 Signature Page to 
 Amendment No. 5 to Receivables Purchase Agreement 

			
	 BANK OF AMERICA, N.A.,
 as Committed Purchaser and as Administrator

		
	By:	 	    /s/ Jeffrey K. Fricano
		 	Name: Jeffrey K. Fricano
		 	Title: Vice President

  

 Signature Page to 
 Amendment No. 5 to Receivables Purchase Agreement

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