Document:

Filed by Bowne Pure Compliance

 

Exhibit 10.1

AMENDMENT

THIS AMENDMENT (“Amendment”) dated the 4th day of December, 2007, amends the
Transportation Agreement dated as of July 31, 2006 (the “Agreement”) between The United
States Postal Service (“USPS”) and Federal Express Corporation (“FedEx”).

Preamble

WHEREAS, USPS and FedEx entered into the Agreement in order to provide for the
transportation and delivery of the Products (as such term is defined in the Agreement);

WHEREAS, the parties now desire to amend certain provisions of the Agreement to provide an
expansion of the Products as stated below;

NOW, THEREFORE, in consideration of the mutual covenants and agreements contained in this
Amendment, the parties agree as follows:

1. Commencing on December 3, 2007, and ending on December 31, 2007, USPS desires to
utilize FedEx ULD’s for its peak charter operations and FedEx agrees to provide such ULD’s
based on the schedule and list of charges outlined in Attachment 1. USPS agrees to pay the
ULD charges based on the presumption that one charter will operate for two weeks and the
remaining three charters will operate for three weeks. The first day of aircraft
operations for each flight will be an outbound departure from Memphis. At the end of
charter operations, one ULD set per aircraft will be returned to the MEM Hub or a location
within the United States agreed upon by USPS and FedEx.

2.
All capitalized terms not otherwise defined in this Amendment shall have the meanings
set forth in the Agreement.

3. Except as amended by this Amendment, the terms and conditions of the Agreement
shall remain in full force and effect and are ratified and confirmed in all respects.

IN WITNESS WHEREOF, the parties have signed this Amendment in duplicate, one for each of
the Parties, as of December 4, 2007.

	 	 	 	 	 
	 	THE UNITED STATES POSTAL SERVICE

 	 
	 	By:  	/s/ LESLIE A. GRIFFITH
 	 
	 	Title: 	 Air Transportation CMC, 	 
	 	 	US Postal Service Supply Management 	 
	 

	 	 	 	 	 
	 	FEDERAL EXPRESS CORPORATION

 	 
	 	By:  	/s/ PAUL J. HERRON
 	 
	 	Title: 	 VP, Postal Transportation Management 	 
	 	 	 	 
	 

 

Attachment 1

Peak Charter Operations

ULD Assignment and Cost

Assumptions:

1. 747 Aircraft are used for the charter operations. Each aircraft carries [ * ] and [ * ]

2. Each flight requires 2 set of ULDs, one set for the ULDs in transit and another set at the
origin to build the next movement.

3. Two sets of ULDs per aircraft, [ * ] and [ * ], are the amount of containers charged per
day.

4. The weekly charge is based on 6 operations days per week

5. The
amount charged per container are AMJ - [ * ] and LD3s - [ * ]

ULDs per Week

[ * ]

Total AMJs for the Period [ * ]

Total LD3s for the Period [ * ]

ULD Charge for Period

	 	 	 	 	 	 	 	 	 	 	 	 	 
	ULD Type	 	AMJ	 	 	LD3	 	 	 	 	 
	Amount of containers
	 	 	[*]	 	 	 	[*]	 	 	 	 	 
	Charge per ULD
	 	 	[*]	 	 	 	[*]	 	 	 	 	 
	Total Charge per ULD type
	 	 	[*]	 	 	 	[*]	 	 	 	 	 
	Total Charge
	 	 	 	 	 	 	 	 	 	 	[*]	 

			
	 
	*	 	Blank spaces contained confidential information which has been filed separately with the
Securities and Exchange Commission pursuant to Rule 24b-2 under the Securities Exchange Act of
1934, as amended.Filed by Bowne Pure Compliance

 

Exhibit 10.1

CONTINUING GUARANTY

Lease/Loan Customer Name: RENEGY, LLC

	1.	 	For valuable consideration, the receipt of which is hereby acknowledged, the undersigned
(“Guarantor”) unconditionally guarantees to Chase Equipment Leasing Inc. (“Leasing Company”)
the full and prompt payment and performance by the Lease/Loan Customer identified above
(“Customer”) of all Obligations when due, whether at stated maturity, by acceleration, or
otherwise. It is Guarantor’s express intention that this Guaranty, in addition to
covering all present Obligations of Customer to Leasing Company, shall extend to all future
Obligations of Customer to Leasing Company, whether or not such Obligations are reduced or
entirely extinguished and thereafter increased or are re-incurred, and whether or not such
Obligations are specifically contemplated by Guarantor, Customer, and Leasing Company as of the
date hereof. Any payment owed by Guarantor under the terms of this Guaranty shall be payable
in lawful money of the United States of America. As used herein, the term “Obligations” means
any and all sums, indebtedness, obligations and liabilities of whatsoever nature, due or to
become due, direct or indirect, absolute or contingent, joint or several, now or hereafter at
any time owed or contracted by Customer to Leasing Company and whether owing by Customer alone
or with one or more other customers, persons or other parties, and all costs and expenses of,
and incidental to, collection of any of the foregoing, including reasonable attorneys’ fees.

	2.	 	This is an absolute and unconditional guarantee of payment and not a guarantee of collection.
Leasing Company shall not be required, as a condition of the liability of Guarantor, to resort
to, enforce or exhaust any of its remedies against the Customer or any other party who may be
liable for payment on any of the Obligations or to resort to, marshal, enforce or exhaust any
of its remedies against any leased property or any property given or held as security for this
Guaranty or any of the Obligations.

	3.	 	Guarantor hereby waives and grants to Leasing Company, without notice to Guarantor and
without in anyway affecting Guarantor’s liability, the right at any time and from time to
time, to extend other and additional credit, leases, loans or financial accommodations to
Customer apart from the Obligations, to deal in any manner as it shall see fit with any of the
Obligations and with any leased property or security for any of the Obligations, including,
but not limited to, (i) accepting partial payments on account of any of the Obligations, (ii)
granting extensions or renewals of all, or any part of, the Obligations, (iii) releasing,
surrendering, exchanging, dealing with, abstaining from taking, taking, abstaining from
perfecting, perfecting, or accepting substitutes for any or all leased property or security
which it holds or may hold for any of the Obligations, (iv) modifying, waiving, supplementing
or otherwise changing any of the terms, conditions or provisions contained in any of the
Obligations, and (v) the addition or release of any other party or person liable hereon,
liable on the Obligations or liable on any other guaranty executed to guarantee any of the
Obligations. Guarantor hereby agrees that any and all settlements, compromises, compositions,
accounts stated and agreed balances made in good faith between Leasing Company and Customer
shall be binding upon Guarantor. No postponement or delay on the part of Leasing Company in
the enforcement of any right hereunder shall constitute a waiver of such right.

	4.	 	Every right, power and discretion herein granted to Leasing Company shall be for the benefit
of the successors or assigns of Leasing Company and of any transferee or assignee of any of
the Obligations covered by this Guaranty. In the event any of the Obligations shall be
transferred or assigned, every reference herein to Leasing Company shall be construed to mean,
as to such Obligations, the transferee or assignee thereof. This Guaranty shall be binding
upon each of the Guarantor’s executors, administrators, heirs, successors, and assigns.

	5.	 	Leasing Company may continue to make loans or extend credit to Customer based on this
Guaranty until termination of this Guaranty as provided herein, regardless of whether at any
time or from time to time there are no existing Obligations or commitment by Leasing Company
to make advances or other financial accommodations for Customer. Customer may terminate this
Guaranty by sending written notice of such termination to Leasing Company. Such termination
shall only be effective upon Guarantor’s receipt of written acknowledgment from Leasing
Company that it has received Guarantor’s notice of such termination, which acknowledgment
Leasing Company agrees to provide promptly upon receipt of Guarantor’s notice of termination.
If terminated, Guarantor will continue to be liable to Leasing Company for any Obligations in
existence, created, assumed or committed to at the time the termination becomes effective, and
all subsequent renewals, extensions, modifications and amendments of the Obligations.
Guarantor expressly waives notice of the incurring by Customer of any and all Obligations to
Leasing Company. Guarantor also waives presentment, demand of payment, protest, notice of
dishonor or nonpayment of or nonperformance of any and all Obligations.

	6.	 	Until Customer and Guarantor have fully performed all of their obligations to Leasing Company
(including, without limitation, payment in full in cash of all Obligations), Guarantor hereby
waives any claims or rights which Guarantor might now have or hereafter acquire against
Customer or any other person primarily or contingently liable on any of the Obligations, which
claims or rights arise from the existence or performance of Guarantor’s obligations under this
Guaranty or any other guaranty or under any instrument or agreement with respect to any leased
property or any property constituting collateral or security for this Guaranty or any other
guaranty, including, without limitation, any right of subrogation, reimbursement, exoneration,
contribution, indemnification, or any right to participate in any claim or remedy of Leasing
Company or any other creditor which Guarantor now has or hereafter acquires, whether such claim
or right arises in equity, under contract or statute, at common law, or otherwise.

 

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	7.	 	Leasing Company’s rights hereunder shall be reinstated and revived, and this Guaranty shall
be fully enforceable, with respect to any amount at any time paid on account of the
Obligations which thereafter shall be required to be restored or returned by Leasing Company
upon the bankruptcy, insolvency or reorganization of Customer, Guarantor, or any other person,
or as a result of any other fact or circumstance, all as though such amount had not been paid.

	8.	 	Guarantor shall pay to Leasing Company all costs and expenses, including reasonable
attorneys’ fees, incurred by Leasing Company in the enforcement or attempted enforcement of
this Guaranty, whether or not suit is filed in connection therewith, or in the exercise by
Leasing Company of any right, privilege, power or remedy conferred by this Guaranty.

	9.	 	Guarantor agrees that: (a) Guarantor shall not liquidate, dissolve, or suspend its business;
and (b) Guarantor shall not sell, transfer, or otherwise dispose of all, or a majority of, its
assets, except that Guarantor may sell Guarantor’s inventory in the ordinary course of
Guarantor’s business. If Guarantor is not an individual, then (i) there shall be no transfer
of more than a 25% ownership interest in Guarantor by shareholders, partners, members or
proprietors thereof in any calendar year without Leasing Company’s prior written consent; and
(ii) Guarantor shall not enter into any merger, consolidation or similar reorganization unless
such Guarantor is the surviving entity.

	 
	10.	 	If Guarantor is an individual, Guarantor agrees to furnish the following to Leasing Company as
long as any the Obligations remains unpaid or any credit is available to Customer under any of the
Obligations: (a) annual financial statements setting forth the financial condition of Guarantor in
form and providing such information as required by Leasing Company within 90 days of the end of
each calendar year; (b) signed copy of the annual tax return(s), with all schedules and exhibits
attached thereto, of Guarantor within 15 days after timely filing; and (c) such other financial
information as Leasing Company may from time to time request. If Guarantor is not an individual,
then Guarantor agrees to furnish the following to Leasing Company as long as any the Obligations
remains unpaid or any credit is available to Customer under any of the Obligations: (a) annual
audited financial statements setting forth the financial condition and results of operation of
Guarantor (financial statements shall include balance sheet, income statement, statement of cash
flows, and all notes thereto) within 90 days of the end of each fiscal year of Guarantor; (b)
quarterly financial statements setting forth the financial condition and results of operation of
Guarantor within 45 days of the end of each of the first three fiscal quarters of Guarantor; and (c)
such other financial information as Leasing Company may from time to time request including,
without limitation, financial reports filed by Guarantor with federal or state regulatory agencies.
All financial statements shall be prepared in accordance with generally accepted accounting
principles on a basis consistently applied, Guarantor will promptly notify Leasing Company in
writing with full details if any event occurs or any condition exists which might materially and
adversely affect the financial condition of Guarantor or any affiliate of Guarantor. Guarantor will
promptly notify Leasing Company in writing of the commencement of any litigation to which Guarantor
or any of its affiliates may be a party (except for litigation in which Guarantor’s or the
affiliate’s contingent liability is fully covered by insurance) which, if decided adversely to
Guarantor materially adversely affect the financial condition of Guarantor. Guarantor will
immediately notify Leasing Company, in writing, of any judgment against Guarantor if such judgment
would have the effect described in the preceding sentence. Notwithstanding the above requirements,
if any Affiliate Credit Agreement exists, the financial reporting requirements of Guarantor under
such Affiliate Credit Agreement shall remain fully applicable to Guarantor, and shall replace the
financial reporting requirements set forth above, Guarantor agrees that any affiliate of JPMorgan
Chase & Co, that receives any financial reports under any Affiliate Credit Agreement is hereby
authorized to deliver complete copies of all such financial reports and related compliance
certificates to Leasing Company in satisfaction of Guarantor’s obligation to deliver such
information to Leasing Company. If for any reason whatsoever an Affiliate Credit Agreement is
canceled, discharged or otherwise terminated and if no other Affiliate Credit Agreement remains in
effect as to Guarantor, then, automatically and without any action by Leasing Company or any other
party, all financial reporting requirements which are in effect as of the date immediately prior to
the cancellation, discharge or termination of such Affiliate Credit Agreement shall remain in full
force and effect, shall be incorporated in this Guaranty by reference, and shall be made a part
of this Guaranty, “Affiliate Credit Agreement” means any loan, credit agreement, extension of
credit, lease, or guaranty applicable to Guarantor or by which Guarantor is bound and in which
Leasing Company or any subsidiary (direct or indirect) of JPMorgan Chase & Co, (or its successors
or assigns) is the lender, creditor or lessor.

	 
	11.	 	If Guarantor is a trust, Guarantor represents and warrants that: (a) it is a duly constituted
and validly existing trust; (b) the Guarantor has delivered to the Leasing Company a true, complete
and accurate copy of the trust agreement pursuant to which it has been organized and all amendments
and modifications thereto; and (c) the trustees of the Guarantor signing this Guaranty have the
legal capacity and full power and authority to execute, deliver, and perform their obligations
under, and to bind the Guarantor to perform its obligations under, this Guaranty, and to execute
and deliver any and all documents and instruments in connection herewith.

	 
	12.	 	If there is more than one Guarantor, the obligations under this Guaranty are joint and several.
In addition, each Guarantor under this Guaranty shall be jointly and severally liable with any
other guarantor of the Obligations. If Leasing Company elects to enforce its rights against fewer
than all guarantors of the Obligations, that election does not release the Guarantor from its
obligations under this Guaranty. The compromise or release of any of the obligations of any of the
other guarantors or Customer shall not serve to waive, alter release the Guarantor’s
obligations. The failure of any person or entity to sign this Guaranty shall not discharge the
liability of any other Guarantor. Each Guarantor shall provide its own financial statements
according to the terms of the foregoing section.

 

Page 2 of 3

 

	13.	 	Guarantor represents and warrants that Guarantor has relied exclusively on Guarantor’s own
independent investigation of Customer, the leased property and the collateral for Guarantor’s
decision to guarantee Customer’s
Obligations now existing or thereafter arising. Guarantor agrees that Guarantor has sufficient
knowledge of the Customer, the leased property, and the collateral to make an informed decision
about this Guaranty, and that Leasing Company has no duty or obligation to disclose any information
in its possession or control about Customer, the leased property, and the collateral to Guarantor,
Guarantor warrants to Leasing Company that Guarantor
has adequate means to obtain from Customer on a continuing basis information
concerning the financial condition of Customer and that Guarantor is not relying on Leasing Company
to provide such information either now or in the future. This Guaranty remains fully enforceable
irrespective of any claim, defense or counterclaim which Customer mayor could assert on any of the
Obligations including but not limited to failure of consideration, breach of warranty, payment,
statute of frauds, statute of limitations, fraud, bankruptcy, accord and satisfaction, and usury,
same of which Guarantor hereby waives along with any standing by Guarantor to assert any said
claim, defense or counterclaim.

	14.	 	This Guaranty contains the entire agreement of the parties and supersedes all prior agreements
and understandings, oral or written, with respect to the subject matter hereof. This Guaranty is not
intended to replace or supersede any other guaranty which Guarantor has entered into or may enter
into in the future. Any Guarantor may enter into additional guaranties in the future, and such
guaranties are not intended to replace or supersede this Guaranty unless specifically provided in
that additional guaranty. The interpretation, construction and validity of this Guaranty shall be
governed by the laws of the State of Ohio without reference to conflict of laws. With respect to
any action brought by Leasing Company against Guarantor to enforce any term of this Guaranty,
Guarantor hereby irrevocably consents to the jurisdiction and venue of any state or federal court
in Ohio, where Leasing Company has its principal place of business and where payments are to be
made by Customer and Guarantor.

ALL PARTIES TO THIS GUARANTY WAIVE ALL RIGHTS TO TRIAL BY JURY IN ANY ACTION, PROCEEDING OR
COUNTERCLAIM BROUGHT BY ANY PARTY AGAINST ANY OTHER PARTY ON ANY MATTER WHATSOEVER ARISING OUT OF,
IN CONNECTION WITH OR IN ANYWAY RELATED TO THIS GUARANTY.

RENEGY HOLDINGS, INC.

(Guarantor)

By: /s/ Robert M. Worsley                                          

Title: President/CEO                                                  

Taxpayer ID: 20-8987239                       

Date of Guaranty: March 17, 2008          

Witness: /s/ Terrie Carll                                             

 

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