Document:

addendum

    ADDENDUM

    TO
      ADDENDUM TO OPTION AGREEMENT AMENDMENT DATED NOVEMBER 4,
      2004

    FOR
      THE UNDERSHIL AIMAG “ALTAN” PROPERTY

    

    THIS
      ADDENDUM is
      made
      effective as of the 25th
      day of
      June, 2005

    

    BETWEEN
      

    MONGOLAIN
      EXPLORATIONS LTD. (the “MEL”)

    A
      Nevada
      Corporation

    750
      West
      Pender Street, Ste. 1605, Vancouver, B.C., V6C 2T8

    

    &

    

    TON
      FEI
      FRED THAM & ASSOCIATES (“THAM”)

    4323
      West
      12th
      Avenue,
      Vancouver, B.C., Canada, V6R 2P9

    

    WHEREAS:

    	1)  	
            This
              addendum to the Addendum to Option Agreement (the “OA”) dated November 4,
              2004 does not supercede or override any previous addendum unless
              specifically stated herein.

          

    

    	2)  	
            Due
              to (a) Rio Minerals Limited unavailability to perform the exploration
              work
              program slated for July 31, 2005; (b) the ongoing attempt of Mongolian
              to
              obtain its Registration Statement “effective” status with the U.S.
              Securities and Exchange Commission regarding its filing of the SB-2
              Registration Statements; (c) the oncoming inclement weather conditions;
              and (d) as a consequence, to raise the necessary capital in a timely
              manner which has caused Mongolian to amend the Option Agreement;
              and

          

    

    WHEREAS:

    Pursuant
      to the Section 2 of the Addendum to Option Agreement dated November 4, 2004,
      Mongolian was required to incur the following exploration
      expenditures:

    

    	(a)  	
            (ii)
              (2) $26,444 on or before July 31, 2005

          

    	(b)  	
            (ii)
              (3) $50,000 on or before July 31, 2006;
              and

          

    	(c)  	
            (ii)
              (4) $100,000 on or before July 31, 2007.

          

    

    NOW,
      THEREFORE BE IT RESOLVED:

    Section
      2
      of the Addendum to Option Agreement dated November 4, 2004, shall be amended
      in
      the following manner:

    

    	(a)  	
            (ii)
              $26,444 on or before March 31, 2006

          

    	(b)  	
            (ii)
              $50,000 on or before December 31, 2006;
              and

          

    	(c)  	
            (ii)
              $100,000 on or before December 31, 2007.

          

    

    IN
      WITNESS WHEREOF,
      this
      Addendum to the Addendum to Option Agreement dated November 4, 2004, has been
      executed by the parties hereto as of the day and the year first above
      written.

    

    MONGOLIAN
      EXPLORATIONS
      LTD                          
      TON
      FEI
      FRED THAM & ASSOCIATES

    

    

    /s/
      Ivan
      Bebek                                                                     
      /s/  Ton Fei Fred
      Tham                                               
      

          Ivan
      Bebek, President,
      Director                                         
      Ton
      Fei
      Fred ThamEX-10.01

Exhibit 10.1

AMERIGAS PROPANE, INC.

EMPLOYMENT AGREEMENT

FOR

JERRY E. SHERIDAN

Effective August 15, 2005, Jerry E. Sheridan will become Vice President — Finance and Chief
Financial Officer of the Company. Mr. Sheridan has an oral agreement with the Company for “at will”
employment which includes the following:

Mr. Sheridan:

	 	 	 
	1.

	 	will be entitled to a one-time hiring bonus of $50,000, and an

annual base salary of $260,000;
	 
	 	 
	2.

	 	will participate in the Company’s annual bonus plan, with bonus

payable for fiscal year 2005 based on achievement of a financial

goal based on earnings per Common Unit;
	 
	 	 
	3.

	 	will participate in the Company’s long-term compensation plan,

the 2000 Long-Term Incentive Plan, with annual awards as

determined by the Compensation/Pension Committee, and UGI

Corporation’s 2004 Omnibus Equity Compensation Plan, with annual

awards as determined by the Compensation and Management

Development Committee;
	 
	 	 
	4.

	 	will receive cash benefits upon termination of his employment

without cause following a change of control of AmeriGas Partners

or UGI Corporation;
	 
	 	 
	5.

	 	will participate in the Company’s benefit plans, including the

Supplemental Executive Retirement Plan;
	 
	 	 
	6.

	 	is eligible for executive perquisites including financial

planning/tax preparation services, participation in the

executive health maintenance program and airline club

membership; and
	 
	 	 
	7.

	 	is required to sign a Confidentiality and Post-Employment

Activities Agreement.EX-10.36(b)

Exhibit 10.36(b)

SECOND AMENDMENT

TO THE SUMMARY OF TERMS

This SECOND AMENDMENT TO THE SUMMARY OF TERMS (the “Amendment”) is made and entered
into as of August 5, 2005 by and among SPS Holding Corp., a Delaware corporation (“SPS”),
Select Portfolio Servicing, Inc., a Utah corporation (the “Servicer”), Credit Suisse First
Boston (USA), Inc., a Delaware corporation (the “Investor”), DLJ Mortgage Capital, Inc., a
Delaware corporation (“DLJ”), The PMI Group, Inc., a Delaware corporation, and FSA
Portfolio Management Inc., a New York corporation.

WHEREAS, each of the parties hereto has entered into the Summary of Terms, dated January 19,
2005, as amended by the First Amendment to the Summary of Terms, dated as of July 28, 2005
(together, the “Summary of Terms”), that grants the Investor an option exercisable on or
before August 5, 2005 to acquire all outstanding shares of capital stock of SPS;

WHEREAS, each of the parties hereto have been working together diligently and in good faith to
negotiate definitive agreements and believe that it is in the best interest of all parties to
further amend the Summary of Terms to extend the expiration date of the option granted therein from
August 5, 2005 to August 12, 2005;

NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which is
hereby acknowledged, the parties hereto, intending to be legally bound, hereby agree as follows:

1. Amendment of Exercise Date. The Summary of Terms is hereby amended such that the
date “August 5, 2005” included therein is deleted and replaced with “August 12, 2005”.
Accordingly, after giving effect to such amendment, the Exercise Date shall be August 12, 2005.

2. No Other Amendments; Summary of Terms Remains in Effect. Except as expressly
amended by Section 1 of this Amendment, the Summary of Terms shall remain in full force and effect
in the form in which it existed immediately prior to the execution and delivery of this Amendment.
This Amendment shall not amend or otherwise modify, or constitute a waiver of any provision in, the
Flow Servicing Rights Purchase Agreement, dated as of January 28, 2005 (the “Flow Purchase
Agreement”), between DLJ and the Servicer and such agreement shall remain in full force and
effect.

3. Amendments. No amendments, changes or modifications to this Amendment shall be
valid unless the same are in writing and signed by the parties hereto.

4. Counterparts. This Amendment may be executed in multiple counterparts. Each
counterpart shall be an original, but altogether shall constitute one and the same instrument.

1

IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed
and delivered as of the day and year first above written.

SPS HOLDING CORP.

By /s/ Matt Hollingsworth

Name: Matt Hollingsworth

Title: CEO

SELECT PORTFOLIO SERVICING, INC.

By /s/ Matt Hollingsworth

Name: Matt Hollingsworth

Title: CEO

CREDIT SUISSE FIRST BOSTON (USA), INC.

By /s/ Brady Dougan

Name: Brady Dougan

Title: CEO

DLJ MORTGAGE CAPITAL, INC.

By /s/ Bruce S. Kaiserman

Name: Bruce S. Kaiserman

Title: Vice President

THE PMI GROUP, INC.

By /s/ Arthur P. Slepian

Name: Arthur P. Slepian

Title: SVP & Managing Director, PMI Capital Corporation

FSA PORTFOLIO MANAGEMENT INC.

By /s/ Bruce E. Stern

Name: Bruce E. Stern

Title: General Counsel & Managing Director

Signature Page to Second Amendment to the Summary of Terms

2Prudential Commitment Letter and Term Sheet

    
      	 [Prudential Company
              Logo]	
              Brian
                N. Thomas

              Investment
                Vice President

               

               

              Prudential
                Capital Group

              2200
                Ross Avenue, Suite 4200E, Dallas, Texas 75201

              Tel:
                214 720-6275 Fax: 214 720-6299

              brian.Thomas@prudential.com

            

    

    

    June
      29,
      2005

    

    

    Chesapeake
      Utilities Corporation

    909
      Silver Lake Blvd.

    Dover,
      DE
      19904

    

    Attention:
      Beth Cooper

    Assistant
      Vice President and Corporate Treasurer

    

    Ladies
      and Gentlemen:

    

    I
      am
      pleased to confirm the agreement in principle of Prudential Investment
      Management, Inc. and/or one or more accounts managed by it and/or its affiliates
      (collectively, "Prudential"),
      subject to the conditions set forth below, to purchase $20,000,000
      principal amount of 5.50% Senior Notes due 2020 (the "Notes")
      of the
      Company. Prudential's agreement in principle to purchase the Notes will expire
      on the Cancellation Date. The principal terms to be contained in the Note
      Agreement (the "Note
      Agreement")
      and
      the Notes would be as outlined in the attached preliminary term sheet. Unless
      otherwise defined, capitalized terms used in this letter have the meanings
      described in Annex 1 which is attached hereto and incorporated herein by
      reference.

    

    Prudential's
      purchase of the Notes would be subject to (a)
      authorization of such purchase by (or pursuant to authority delegated by) the
      Investment Committee of Prudential's Board of Directors, (b) Prudential
      and
      the Company reaching final agreement upon terms, conditions, covenants and
      other
      provisions satisfactory to Prudential to be included in the Note Agreement
      and
      the Notes and the other documents relating to the proposed financing, (c)
      satisfactory completion of Prudential's due diligence investigation (including
      investigation of the financial condition and prospects of the
      Company), (d)
      the
      absence of any material adverse change in the condition (financial or otherwise)
      or prospects of the Company, (e) payment to Prudential at closing of
      the
      structuring fee specified in the attached term sheet and (f) the satisfaction
      of
      Prudential Capital's Law Department with the documentation, proceedings, legal
      opinions and other matters in connection with the proposed
      financing.

    

    On
      June
      29th,
      2005,
      the interest rate was fixed on all of the Notes. If the Company does not issue
      the Notes:

    

    
      	 	
              (a)

            	
              on
                or before December 28, 2006, the Company will pay Prudential the
                Rate Lock
                Delayed Delivery Fee, and 

            

    

    

    
      	 	
              (b)

            	
              by
                the Cancellation Date for any reason, then on the Cancellation Date
                the
                Company will pay Prudential the Cancellation Payment described in
                the
                attached term sheet.

            

    

    

    We
      intend
      to retain the law firm of Schiff Hardin LLP to act as our special counsel in
      connection with the proposed financing. In addition, we may determine that
      it is
      necessary to retain other consultants of our choice to advise us in connection
      with the proposed financing. We understand that the fees, charges and
      disbursements of our special counsel and other consultants will be paid by
      the
      Company whether or not the proposed financing closes. If the fees and expenses
      incurred exceed $25,000, the $15,000 Structuring Fee described in the term
      sheet
      will be reduced by 50% of the excess amount.

    

    If
      the
      terms and conditions described above are acceptable to you, please so indicate
      by signing the enclosed copy of this letter in the place provided and returning
      the same to me. 

    

    Very
      truly yours,

    

    PRUDENTIAL
      INVESTMENT

    MANAGEMENT,
      INC.

    

    

    By:___________________________

    Vice
      President

    Accepted
      and agreed to:

    

    CHESAPEAKE
      UTILITIES CORPORATION

    

    

    By:________________________________

    Name:

    Title:

    

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    ANNEX
      1

    

    

    DEFINITIONS

    

    

    "Cancellation
      Date"
      means
      the earlier of (i) the date Prudential receives the Company's notice that it
      does not intend to issue the Notes (or the next business day if Prudential
      receives that notice after 4:00 p.m. Eastern time) and (ii) January 15,
      2007.

    

    "Rate
      Lock Delayed Delivery Fee"
      means
      the amount calculated as follows:

    

    (BEY
      -
      MMY) x DTS/360 x Full Price;

    

    where:

    

    BEY
      means
      the bond equivalent yield of the Notes;

    

    DTS,
      or Days
      to Settlement, means the number of days (a) from December 28, 2006, (b) to
      the
      date on which the Rate Lock Delayed Delivery Fee is to be paid pursuant to
      the
      terms of the Letter to which this Annex is attached;

    

    MMY,
      or
      Money Market Yield, means the yield of an alternative investment selected by
      Prudential on the date Prudential receives notice of a delay in the closing
      of
      the financing having a maturity date approximately equal to the rescheduled
      closing date (a new alternative investment will be selected each time the
      closing is delayed); and

    

    Full
      Price
      means
      (i) if the Notes are to be purchased at par, the principal amount of the Notes
      for which the rate was fixed or (ii) if the Notes are to be purchased at a
      premium or discount, the purchase price, including any accrued
      interest.

    

    The
      Rate
      Lock Delayed Delivery Fee will never be less than zero and will be recalculated
      for the period following each delay of the closing date.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    

      CONFIDENTIAL                                                                    June
        29, 2005

      

      Chesapeake
        Utilities Corporation

      Senior
        Notes 

      Term
        Sheet

      

      

    

    
      
        Issuer:   Chesapeake
          Utilities Corporation (the "Company").

         

      

      Purchaser:   Prudential
        Investment Management, Inc. or its affiliates or investment funds or managed
        accounts ("Prudential").

      

      Principal
        Amount:  $20
        million (the “Notes”).
        

      

      Type
        of Securities:  Private
        placement of senior unsecured notes.

      

      Closing
        Date:  Approximately
        eight weeks from execution of a commitment letter.

      

      Use
        of Proceeds:  The
        proceeds from the sale of the Notes will be used by the Company for capital
        expenditures and general corporate purposes.

      

      Price:  100
        (par)

      

      Average
        Life:  Up
        to 10
        years from the Funding Date.

      

      Maturity:  Up
        to 14
        years from the Funding Date.

      

      Funding
        Date:  December
        28, 2006.

      

      Required
        Prepayments:  $2
        million annually beginning December 28, 2011 through December 28,
        2020.

      

      Interest
        Rate:  149
        basis
        points over the respective on-the-run or off-the-run U.S. Treasury Note or
        interpolated U.S. Treasury Note yield for the effective average life of the
        Notes, with interest payable quarterly in arrears. Indicative spreads at
        which
        Prudential would currently be interested in purchasing the Notes are as
        follows:

      

      
        	
                Average

                Life/Maturity
                  From Funding

              	
                Credit

                Spread

              	
                Treasury

                Rate

              	
                Indicative

                Coupon

              
	
                9.5
                  yrs / 14 yrs

              	
                149

              	
                4.01%

              	
                5.50%

              

      

      

      Interest
        Rate:  Interest
        will be paid quarterly in arrears.

       

      Funding:  In
        the
        event the Company fixes the interest rate, but fails to issue any Notes on
        the
        Funding Date, and either the Company notifies Prudential of its intention
        not to
        issue any Notes, or Prudential determines that the Company will not issue
        any
        Notes, then the Company shall immediately pay to Prudential a cancellation
        payment (the “Cancellation
        Payment”).

       

      If
        the
        Company determines its will not issue any Notes before the Closing Date,
        the
        Company shall pay to Prudential a Cancellation Payment equal to the product
        of
        (a) the price increase determined by Prudential as the excess, if any, of
        the
        ask price of the Treasury Note(s) (the "Hedge
        Treasury Note")
        with
        the duration that most closely approximates the duration of the Notes proposed
        to be issued, on the date of cancellation, over the bid price of the Hedge
        Treasury Note on the date of the Acceptance, divided by such bid price, and
        (b)
        the principal amount of such Notes. 

       

      If
        the
        Company determines it will not issue any Notes after the Closing Date, the
        Company shall pay to Prudential a Cancellation Payment, for the Notes, equal
        to
        the greater of (i) $50,000 and (ii) the product of (a) the price increase
        determined by Prudential as the excess, if any, of the ask price of the Treasury
        Note(s) (the "Hedge
        Treasury Note")
        with
        the duration that most closely approximates the duration of the Notes proposed
        to be issued, on the date of cancellation, over the bid price of the Hedge
        Treasury Note on the date of the Acceptance, divided by such bid price, and
        (b)
        the principal amount of such Notes. 

       

      If
        after
        the Company fixes the interest rate, the funding fails to occur on or before
        the
        Funding Date, a Delayed Delivery Fee (the "Delayed
        Delivery Fee")
        shall
        be charged to the Company to offset Prudential's hedging costs and to preserve
        its anticipated yield. The Delayed Delivery Fee shall be determined by
        Prudential as the product of (i) the bond equivalent yield of the Notes proposed
        to be issued minus the bond equivalent yield of high grade commercial paper
        selected by Prudential with a maturity date approximately equal to the new
        funding date, (ii) the principal amount of the Notes proposed to be issued,
        and
        (iii) a fraction the numerator of which is equal to the number of days from
        the
        originally scheduled Funding Date to the day the fee is paid and the denominator
        of which is 360. 

       

      If
        Company satisfies all Conditions Precedent to the purchase of Notes and
        Prudential refuses to purchase Notes, no Cancellation Payment or Delayed
        Delivery Fee will be paid.

       

      Structuring
        Fee:  A
        structuring fee of $15,000 will be paid by the Company to Prudential on the
        Closing Date. The structuring fee will be subject to reduction by an amount
        equal to 50% of the fees and expenses of Prudential's special legal counsel
        in
        excess of $25,000.

       

      Optional
        Prepayments:  The
        Notes
        may be prepaid, at the option of the Company, in whole or in part (in a minimum
        amount of $1,000,000 and integral multiples of $100,000), on any interest
        payment date, at par plus accrued interest and a Yield-Maintenance Amount
        equal
        to the excess, if any, of (a) the net present value of the future debt service
        (principal plus interest) on the Notes being redeemed, discounted at a rate
        equal to the sum of 50 bps and the current yield on the U.S. Treasury Note(s)
        having a maturity comparable to the weighted average life remaining on such
        Notes over (b) the principal amount of the Notes being prepaid plus interest
        accrued thereon to the date of prepayment. The difference between such price
        and
        the par value being the "Yield-
        Maintenance Amount".
        

       

      Conditions
        Precedent: The
        conditions precedent to funding would be typical for transactions of this
        type
        and will be the same as those contained in the Company’s Note Purchase Agreement
        dated October 31, 2002 (the “Existing
        Agreement”)
        except
        to the extent additional conditions are required to take into account the
        delayed funding on the Funding Date. 

       

      Covenants: 
        Covenants
        of the Company will be the same as those contained in the Existing Agreement
        and
        include terrorism sanction covenants.

       

      Events
        of Default:  Events
        of
        Default will be the same as those contained in the Existing
        Agreement.

       

      Remedies
        Upon Default:  Remedies
        Upon Default will be the same as those contained in the Existing
        Agreement.

      

      Representations
        and Warranties:  Customary
        for an agreement of this nature and will be the same as those contained in
        the
        Existing Agreement, including absence of material adverse change and such
        other
        representations and warranties required for terrorism sanctions regulations
        and
        the delayed issuance of Notes.

       

      Expenses:  The
        Company shall pay all legal and other out-of-pocket expenses of the Purchasers,
        including the fees and expenses of special counsel and local counsel and
        travel
        and lodging expenses of the Purchasers. 

       

      Governing
        Law:  State
        of
        New York.

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00088-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00088-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00088-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00088-of-00352.parquet"}]]