Document:

EX-10.2

 Exhibit 10.2 
 NORTHEAST OHIO NATURAL GAS CORP. 
 ORWELL NATURAL GAS COMPANY 
 BRAINARD GAS CORP. 
 4.15%
SENIOR SECURED GUARANTEED NOTE, SERIES 2012, DUE JUNE 1, 2017 

 

			
	No. R-1	 	October 24, 2012
	US$2,989,552	 	PPN 66433# AB4

 FOR VALUE RECEIVED, the undersigned,
NORTHEAST OHIO NATURAL GAS CORP., a corporation organized and existing under the laws of the State of Ohio, ORWELL NATURAL GAS
CO., a corporation organized and existing under the laws of the State of Ohio, and BRAINARD GAS CORP., a corporation organized and existing under the laws of the State of Ohio (the
aforementioned, collectively, being referred to as the “Issuers”), hereby jointly and severally promise to pay to SUN LIFE ASSURANCE COMPANY OF
CANADA, or registered assigns, the principal sum of US$2,989,552 DOLLARS (or so much thereof as shall not have been prepaid) on June 1, 2017, with interest (compounded semiannually and computed on the basis of a
360-day year of twelve 30-day months) (a) on the unpaid balance hereof at the rate of 4.15% per annum from the date hereof, payable monthly, on the third day of each month in each year, and at maturity commencing with the third day of the
month next succeeding the date hereof, until the principal hereof shall have become due and payable, and (b) to the extent permitted by law, on any overdue payment of interest and, during the continuance of an Event of Default, on such unpaid
balance and on any overdue payment of any Make-Whole Amount, at a rate per annum from time to time equal to the greater of (i) 6.15% or (ii) 2.00% over the rate of interest publicly announced by Keybank National Association from time to
time in Cleveland, Ohio as its “base” or “prime” rate, payable monthly as aforesaid (or, at the option of the registered holder hereof, on demand). 
 Payments of principal of, interest on and any Make-Whole Amount with respect to this Note are to be made in lawful money of the United States of America at the principal office of Keybank National
Association in Cleveland, Ohio or at such other place as the Issuers shall have designated by written notice to the holder of this Note as provided in the Note Purchase Agreement referred to below. 

This Note is one of a series of Senior Secured Guaranteed Notes (herein called the “Notes”) issued pursuant to the Note
Purchase Agreement dated as of November 1, 2010, as amended by the First Amendment to Note Purchase Agreement dated as of May 3, 2011, the Second Amendment and Waiver to Note Purchase Agreement dated as o April 9, 2012 and by the
Omnibus Third Amendment, Supplement and Joinder to Note Purchase Agreement and Collateral Documents dated as of October 24, 2012 (as so amended and as from time to time further amended, supplemented and modified the “Note Purchase
Agreement”), between the Issuers, the other Obligors named therein and the Purchaser named therein and is entitled to the benefits thereof. Each holder of this Note will be deemed, by its acceptance hereof, to have

 
(i) agreed to the confidentiality provisions set forth in Section 20 of the Note Purchase Agreement and (ii) made the representation set forth in Section 6.2 of the Note Purchase
Agreement. Unless otherwise indicated, capitalized terms used in this Note shall have the respective meanings ascribed to such terms in the Note Purchase Agreement. 
 This Note and the obligations of the Issuers hereunder and the obligations of the Issuers under the Financing Agreements are guaranteed pursuant to the Guarantee Agreement of the 2012 Notes Guarantors and
the obligations of the 2012 Notes Obligors under the Financing Agreements, including, this Note, are secured by the Collateral Documents, all in accordance with and pursuant to the terms and provisions of the Financing Agreements. 

This Note is a registered Note and, as provided in the Note Purchase Agreement, upon surrender of this Note for registration of transfer
accompanied by a written instrument of transfer duly executed, by the registered holder hereof or such holder’s attorney duly authorized in writing, a new Note for a like principal amount will be issued to, and registered in the name of, the
transferee. Prior to due presentment for registration of transfer, the Issuers may treat the person in whose name this Note is registered as the owner hereof for the purpose of receiving payment and for all other purposes, and the Issuers will not
be affected by any notice to the contrary. 
 The Issuers will make required prepayments of principal on the dates and in the
amounts specified in the Note Purchase Agreement. This Note is also subject to optional prepayment, in whole or from time to time in part, at the times and on the terms specified in the Note Purchase Agreement, but not otherwise. 

If an Event of Default occurs and is continuing, the principal of this Note may be declared or otherwise become due and payable in the
manner, at the price (including any applicable Make-Whole Amount) and with the effect provided in the Note Purchase Agreement. 

  
 -2-

 This Note shall be construed and enforced in accordance with, and the rights of the Issuers
and the holder of this Note shall be governed by, the law of the State of Ohio excluding choice-of-law principles of the law of such State that would permit the application of the laws of a jurisdiction other than such State. 

 

			
	NORTHEAST OHIO NATURAL GAS CORP.
		
	By:	 	/s/ Thomas J. Smith
		 	Name: Thomas J. Smith
		 	Title:    President
	
	ORWELL NATURAL GAS COMPANY
		
	By:	 	/s/ Thomas J. Smith
		 	Name: Thomas J. Smith
		 	Title:    President
	
	BRAINARD GAS CORP.
		
	By:	 	/s/ Thomas J. Smith
		 	Name: Thomas J. Smith
		 	Title:    President

  
 -3-EX-10.3

 EXHIBIT 10.3 

JOINDER AGREEMENT 
 JOINDER AGREEMENT dated as of October 24, 2012 to the Note Purchase Agreement dated as of November 1, 2010 (as amended and supplemented to date, and as the same may
be further amended, supplemented or otherwise modified from time to time, the “Note Purchase Agreement”), among Great Plains Natural Gas Company, an Ohio corporation (the “Issuer”), Lightning Pipeline Company, Inc.,
an Ohio corporation, Spelman Pipeline Holdings, LLC, an Ohio limited liability company, Kidron Pipeline, LLC, an Ohio limited liability company, Gas Natural Service Company, LLC, an Ohio limited liability company, Gas Natural Inc., an Ohio limited
liability company, and Sun Life Assurance Company of Canada (the “Purchaser”), relating to the Floating Rate Senior Secured Guaranteed Noted due 2013, issued in the original aggregate principal amount of $2,300,000 by the Issuer
(“Notes”). 
 A. Reference is made to the Note Purchase Agreement and the Notes issued thereunder. Capitalized
terms used herein not otherwise defined herein shall have the meanings assigned to such terms in the Note Purchase Agreement. 

B. Pursuant to Section 9.8 of the Note Purchase Agreement, each Subsidiary of any Obligor is required to enter into a joinder
agreement to the Note Purchase Agreement and to become a Guarantor under the Note Purchase Agreement as promptly as practicable after such Subsidiary has been acquired or formed by such Obligor. Each of the undersigned (each, a “New
Obligor”) is executing this Joinder Agreement in accordance with the requirements of the Note Purchase Agreement to become a Guarantor and an Obligor under the Note Purchase Agreement and the Notes. 

Accordingly, each New Obligor agrees as follows: 
 Section 1. Each New Obligor hereby agrees to become a “Guarantor” and an “Obligor” and to be bound by all of the terms, covenants and conditions set forth in the Note
Purchase Agreement and each other Financing Agreement, as applicable, to the same extent that such Person would have been bound if such Person had been a signatory to the Note Purchase Agreement and each other Financing Agreement on the execution
date of the Note Purchase Agreement and each other Financing Agreement. Each New Obligor hereby (a) makes each of the representations and warranties and agrees to each of the covenants applicable to it contained in the Note Purchase Agreement
and each other Financing Agreement, as applicable, and (b) agrees that each reference to a “Guarantor” or an “Obligor” set forth in the Note Purchase Agreement and each other Financing Agreement, as applicable, shall include
such New Obligor. 
 Section 2. Each New Obligor represents and warrants to the holders that: 

(a) such New Obligor is duly organized, validly existing and in good standing under the laws of its jurisdiction or
organization; 
 (b) such New Obligor has the requisite power to own its property and to carry on its business as
now being conducted; 

 (c) such New Obligor is duly qualified and in good standing as a foreign
limited liability company, authorized to do business in each jurisdiction in which the failure to do so would, individually or in the aggregate, have a Material Adverse Effect; 

(d) this Joinder Agreement and the transactions contemplated hereby and within the requisite powers of such New Obligor,
have been duly authorized by all necessary limited liability company action on the part of such New Obligor, and that this Joinder Agreement has been duly executed and delivered by such New Obligor and constitutes legal, valid and binding
obligations of such New Obligor enforceable in accordance with its terms; 
 (e) the execution, delivery and
performance of this Joinder Agreement, the Note Purchase Agreement and the other Financing Agreements does not and will not result in a violation of or default under (i) the organization document of such New Obligor, (ii) any agreement to
which such New Obligor is a party or by which such New Obligor is bound or to which such New Obligor or any of its properties is subject, (iii) any order, writ, injunction or decree binding on such New Obligor, or (iv) any statute,
regulation, rule or other law applicable to such New Obligor; and 
 (f) no consent, approval or authorization
of, or registration, filing or declaration with, any Governmental Authority is required in connection with the execution, delivery or performance by such New Obligor of this Joinder Agreement, the Note Purchase Agreement or the other Financing
Agreements. 
 Section 3. This Joinder Agreement shall become effective when the Purchaser shall have received
counterparts of this Joinder Agreement executed on behalf of each New Obligor. Delivery of an executed signature page to this Joinder Agreement by facsimile transmission shall be as effective as delivery of a manually signed counterpart of this
Joinder Agreement. 
 Section 4. Except as expressly supplemented hereby, the Note Purchase Agreement and the Notes
shall remain in full force and effect. All references herein to the Note Purchase Agreement and the Notes shall include all amendments, supplements and modifications thereto. All representations, warranties, and covenants made by each New Obligor
herein will be considered to have been relied upon by the Purchaser and will survive the execution and delivery of this Joinder Agreement. 
 Section 5. This Joinder Agreement will inure to the benefit of and be binding upon the successors and assigns of each of the parties. The provisions of this Joinder Agreement for the benefit
of the Purchaser are intended in all cases, whether explicitly so stated or not, to be for the benefit of all holders, from time to time, of the Notes, and will be enforceable by any such holder, whether or not an express assignment to such holder
of rights under this Joinder Agreement has been made by the Purchaser or its successors or assigns. 
 Section 6.
Whenever possible, each provision of this Joinder Agreement will be interpreted in such manner as to be effective and valid under applicable law, but if any provision of this Joinder Agreement is held to be prohibited by or invalid under
applicable law, such 

 
provision will be ineffective only to the extent of such prohibition or invalidity, without invalidating the remainder of this Joinder Agreement unless the consummation of the transactions
contemplated hereby is materially adversely affected thereby. 
 Section 7. This Joinder Agreement shall be governed
by, and construed in accordance with, the laws of the State of Ohio. 
 Section 8. All communications and notices
hereunder shall be in writing and given as provided in the Note Purchase Agreement. 

 IN WITNESS WHEREOF, each New Obligor has duly
executed this Joinder Agreement as of the day and year first above written. 
  

			
	
	INDEPENDENCE OIL, L.L.C.
		
	By:	 	/s/ Thomas J. Smith
		 	 Name: Thomas J. Smith

Title: President

		
		 	 Address for Notices:
 8500
Station Street, Suite 100
 Mentor, OH 44060
 Fax: (440) 974-0844

	
	 INDEPENDENCE OIL REAL ESTATE 1,
L.L.C.

		
	By:	 	/s/ Thomas J. Smith
		 	 Name: Thomas J. Smith

Title: President

		
		 	 Address for Notices:
 8500
Station Street, Suite 100
 Mentor, OH 44060
 Fax: (440) 974-0844

	
	 INDEPENDENCE OIL REAL ESTATE 2,
L.L.C.

		
	By:	 	/s/ Thomas J. Smith
		 	 Name: Thomas J. Smith

Title: President

		
		 	 Address for Notices:
 8500
Station Street, Suite 100
 Mentor, OH 44060
 Fax: (440) 974-0844

			
	
	 INDEPENDENCE OIL REAL ESTATE 3,
L.L.C.

		
	By:	 	/s/ Thomas J. Smith
		 	 Name: Thomas J. Smith

Title: President

		
		 	 Address for Notices:
 8500
Station Street, Suite 100
 Mentor, OH 44060
 Fax: (440) 974-0844

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