Document:

ADDENDUM TO OPTION AGREEMENT

ADDENDUM TO OPTION AGREEMENT

The Option Agreement (“Agreement”) made on the 24th day of September 2003 between Byard MacLean (“MacLean”) and Zena Capital Corp and its wholly owned subsidiary Rock Creek Minerals Ltd (“the Company”) is hereby amended and agreed to by both parties as follows;

MacLean and Zena, both agree that referral to Appendix B throughout the agreement correctly refers to the upper limit total cost estimates in Phase I, II, and III, but it is agreed that the individual costs throughout Appendix B may vary and in some cases be eliminated entirely while new costs could be added. Therefore it is agreed to grant the Management Committee authority to manage individual costs provided that total cost of project is consistent with the terms of the Agreement and any relative extensions of the Agreement.

IN WITNESS WHEREOF this Addendum To Option Agreement was executed in Vancouver, British Columbia on                                   , 2004

ZENA CAPITAL CORP

Terry Amisano, President

per

                                                          

ROCK CREEK MINERALS LTD.

Kevin Hanson

Per

MACLEAN

Byard MacLean

perMEMORANDUM

MEMORANDUM

TO:

Byard MacLean

FROM:

Zena Capital Corp.

DATE:

April 7, 2004

SUBJECT:

Operator compensation

Zena is pleased to confirm that to avoid any future confusion regarding the above captioned, as outlined in the Option Agreement (Section 10.1, 10.2, 10.3) we agree with the Management Committee and that prior to the date the Management Committee elects to accept a Production Notice you as Operator will be paid a total of $5000 per month paid semi-monthly plus any company related out of pocket receipted expenses paid monthly. If expenses are to exceed $ 1000.00 per month please have pre approved by the Management Committee.

Also we confirm your discussion with Kevin Hanson that the company has granted you 50,000 options as per 10.6 of the Option Agreement.

Please sign the attached and return a copy for our records.

Kevin Hanson, Director

Accepted  April 7 , 2004

Byard MacLeanExhibit 10.1

 

POI ACQUISITION, L.L.C.

QUADRANGLE MASTER FUNDING LTD

 

June 28,
2004

 

Protection One Alarm Monitoring, Inc.

Protection One, Inc.

Network Multi-Family Security Corporation

c/o Protection One, Inc.

818 South Kansas Avenue

Topeka, Kansas 
66612

 

Ladies and Gentlemen:

 

1.                                       We
refer to the:  (a) Credit Facility
Standstill Agreement, dated as of February 17, 2004 (the “Agreement”),
among Protection One Alarm Monitoring, Inc. (“POAM”), Protection One, Inc.,
(“POI”), Network Multi-Family Security Corporation (“Network”) and POI
Acquisition, L.L.C. (“POI Acquisition”); (b) letter from Quadrangle Master
Funding Ltd (“Quadrangle”) to POAM, dated February 27, 2004, (i) advising
POAM of Quadrangle’s assumption from POI Acquisition of one-third of the obligations
under the Credit Facility; and (ii) confirming Quadrangle’s agreement to be
bound by the obligations of POI Acquisition set forth in the Agreement; (c)
letter from POI Acquisition and Quadrangle to POAM, POI and Network, dated May
17, 2004, amending the term of the Agreement (except as otherwise provided
therein); (d) letter from POI Acquisition and Quadrangle to POAM, POI and
Network, dated May 24, 2004, further amending the term of the Agreement (except
as otherwise provided therein); and (e) letter from POI Acquisition and
Quadrangle to POAM, POI and Network, dated May 28, 2004, further amending the
term of the Agreement (except as otherwise provided therein) (the “Third Letter
Agreement”).  Capitalized terms used but
not defined herein shall have the meanings ascribed to such terms in the
Agreement.

 

2.                                       Pursuant
to section 3 of the Agreement, the Agreement shall terminate and be of no
further force and effect on the Debt Specified Date (which currently, under
clause (i) of section 3 of the Agreement, as amended by the Third Letter
Agreement, is 11:59 p.m. prevailing Eastern Time on June 28, 2004).  By this letter agreement and at your
request, we hereby agree to further amend the definition of the Outside Date to
mean 11:59 p.m. prevailing Eastern time on the date that is 139  days
after the Effective Time (the period beginning with the Effective Time and
continuing through and including the Outside Date, the “Outside Standstill
Period”).  We also hereby agree that the
Outside Standstill Period shall be automatically extended three (3) consecutive
times by seven (7) 

 

 

day periods (and the definition of Outside Date shall be further
amended accordingly), without any further action required to be taken by any
party hereto, unless POI Acquisition and Quadrangle deliver written notice of
non-extension to POI pursuant to Paragraph 4 of this letter agreement on
July 2, 2004, July 9, 2004 or July 16, 2004.  Under no circumstance shall the Outside
Standstill Period exceed 161 days pursuant to the terms of this letter
agreement.  This letter agreement shall
not apply to section 5 of the Agreement. 
Except as otherwise provided herein, the Agreement shall remain in full
force and effect subject to the terms and provisions thereof.

 

3.                                       Notwithstanding
anything to the contrary contained herein, (a) in the event that POI
Acquisition and Quadrangle deliver written notice of termination to POI
pursuant to Paragraph 4 of this letter agreement, this letter agreement and the
Outside Standstill Period shall terminate effective as of two business days
following the date of receipt of such written notice by POI; and (b) nothing
herein shall constitute an amendment or waiver of the termination provisions of
clause (ii) of section 3 of the Agreement.

 

4.                                       Any
written notice to be given pursuant to this letter agreement by POI Acquisition
and Quadrangle shall be sufficiently given if sent by overnight delivery
service or by facsimile transmission, with receipt confirmed, as follows:

 

Protection One, Inc.

4221 W. John Carpenter Freeway

Irving, Texas, 75063 

Attn: J. Eric Griffin, General Counsel

Facsimile: (972) 916-6195

 

with a copy to:

 

Kirkland & Ellis LLP

200 E. Randolph Drive

Chicago, Illinois 60601

Attn: Anup Sathy

Facsimile: (312) 861-2200

 

5.                                       This
letter agreement may be executed in counterparts.  Please confirm your agreement with the foregoing by signing and
returning to the undersigned the duplicate copy of this letter agreement
enclosed herewith.

 

*       *       *       *

 

 

Very truly yours,

 

	
  POI ACQUISITION, L.L.C.

  
	
   

  
	
   

  
	
  By:

  	
   

  	
   

  
	
  Name:

  
	
  Title:

  
	
   

  
	
  QUADRANGLE MASTER

  
	
  FUNDING LTD

  
	
   

  
	
   

  
	
  By:

  	
   

  	
   

  
	
  Name:

  
	
  Title:

  
				

 

 

Agreed as of the date first written above:

 

	
  PROTECTION ONE ALARM

  MONITORING, INC.

  
	
   

  
	
   

  
	
  By:

  	
   

  	
   

  
	
  Name:

  
	
  Title:

  
	
   

  
	
   

  
	
  PROTECTION ONE, INC.

  
	
   

  
	
   

  
	
  By:

  	
   

  	
   

  
	
  Name:

  
	
  Title:

  
	
   

  
	
   

  
	
  NETWORK MULTI-FAMILY

  SECURITY CORPORATION

  
	
   

  
	
   

  
	
  By:

  	
   

  	
   

  
	
  Name:

  
	
  Title:Exhibit 10.2

 

POI ACQUISITION I, INC.

 

June 28,
2004

 

Protection One, Inc.

818 South Kansas Avenue

Topeka, Kansas 
66612

Attn:                    Darius G. Nevin

Executive Vice President
and Chief Financial Officer

 

Dear Mr. Nevin:

 

1.                                       We
refer to the:  (a) Equity Standstill
Agreement, dated as of February 17, 2004 (the “Agreement”), by and between
Protection One, Inc. (“POI”) and POI Acquisition I, Inc. (“POI Acquisition”);
(b) letter from POI Acquisition to POI, dated May 17, 2004, amending the term
of the Agreement; (c) letter from POI Acquisition to POI, dated May 24, 2004,
further amending the term of the Agreement; and (d) letter from POI Acquisition
to POI, dated May 28, 2004, further amending the term of the Agreement (the
“Third Letter Agreement”).  Capitalized
terms used but not defined herein shall have the meanings ascribed to such
terms in the Agreement.

 

2.                                       Pursuant
to section 2.02 of the Agreement, the Agreement shall terminate and be of
no further force and effect on the Specified Date (which currently, under clause
(i) of section 2.02 of the Agreement, as amended by the Third Letter
Agreement, is 11:59 p.m. prevailing Eastern Time on June 28, 2004).  By this letter agreement and at your
request, we hereby agree to further amend the definition of the Specified Date
to mean the earlier of:  (i) 11:59 p.m.
prevailing Eastern time on the date that is 139  days after the
Effective Time (the “Outside Date”) (the period beginning with the Effective
Time and continuing through and including the Outside Date, the “Outside Standstill
Period”); or (ii) the occurrence of any Equity Standstill Termination
Event.  We also hereby agree that the
Outside Standstill Period shall be automatically extended three (3) consecutive
times by seven (7) day periods (and the definition of Outside Date shall be
further amended accordingly), without any further action required to be taken
by either party hereto, unless POI Acquisition delivers written notice of
non-extension to POI pursuant to Paragraph 4 of this letter agreement on
July 2, 2004, July 9, 2004 or July 16, 2004.  Under no circumstance shall the Outside
Standstill Period exceed 161 days pursuant to the terms of this letter
agreement.  Except as otherwise provided
herein, the Agreement shall remain in full force and effect subject to the
terms and provisions thereof.

 

3.                                       Notwithstanding
anything to the contrary contained herein, in the event that POI Acquisition
delivers written notice of termination to POI pursuant to

 

 

Paragraph 4 of this letter agreement, this letter agreement and the
Outside Standstill Period shall terminate effective as of two business days
following the date of receipt of such written notice by POI.

 

4.                                       Any
written notice to be given pursuant to this letter agreement by POI Acquisition
shall be sufficiently given if sent by overnight delivery service or by
facsimile transmission, with receipt confirmed, as follows:

 

Protection One, Inc.

4221 W. John Carpenter Freeway

Irving, Texas, 75063 

Attn: J. Eric Griffin, General Counsel

Facsimile: (972) 916-6195

 

with a copy to:

 

Kirkland & Ellis LLP

200 E. Randolph Drive

Chicago, Illinois 60601

Attn: Anup Sathy

Facsimile: (312) 861-2200

 

*                                         *                                         *                                         *

 

 

This letter agreement may be executed in counterparts.  Please confirm your agreement with the
foregoing by signing and returning to the undersigned the duplicate copy of
this letter agreement enclosed herewith.

 

Very truly yours,

 

POI ACQUISITION I, INC.

 

 

	
  By:

  	
   

  	
   

  
	
  Name:

  
	
  Title:

  

 

 

Agreed as of the date first written above:

 

PROTECTION ONE, INC.

 

 

	
  By:

  	
   

  	
   

  
	
  Name:

  
	
  Title:

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