Document:

Amendment to Employment Agreement between Registrant and Thomas C. Nord

 Exhibit 10.8 

Amendment to Employment Agreement 
 Amendment Agreement to Employment Agreement as of December 31, 2008 between Willis Lease Finance Corporation (“Employer”), a Delaware corporation and Thomas C. Nord (“Employee”).

 Whereas, Employer and Employee entered into an Employment Agreement dated September 1, 2005 (the “Employment
Agreement”) and 
 Whereas, Employer and Employee desire to amend the Employment Agreement in certain respects. 

Now, therefore in consideration of the foregoing recitals, the mutual promises of the parties and other good and valuable consideration,
the receipt and sufficiency of which is hereby acknowledged, the parties hereby agree as follows. 
 1. Grants of Restricted Stock. The
title of Section 6 shall be changed to “Stock Options/Restricted Stock”. Section 6 shall be deleted in its entirety and replaced with the following: 
  

	 	(a)	Employee shall be eligible for awards under Employer’s 2007 Incentive Stock Plan (the “Plan”) on the same terms as are generally available to senior
executive officers of Employer and on terms which are in accordance with comparative market practices. The parties agree that any grant of stock options or restricted stock under the Plan or any similar plan is subject to the discretion of the Board
(or Compensation Committee) based upon the duties of Employee’s position, the extent to which Employee’s individual performance objectives and Employer’s profitability objectives and other financial and non-financial objectives were
achieved during the applicable period. 

  

	 	(b)	In addition to any rights Employee may have under the Plan or specific option and restricted stock grants under the Plan, all stock options and restricted stock granted
to Employee which would have otherwise vested during the two-year period following the occurrence of a Change in Control shall immediately vest and become exercisable in the event of a Change in Control. 

2. Code Section 409A. Section 9(b) “Payment” is hereby deleted in it entirety and replaced with the following: 

 

	 	(b)	Payment. All cash components of the above-described severance payments, other than annual incentive compensation, shall be paid in a lump sum within thirty days
of the date of termination of Employee’s employment; provided that, only to the extent required by Section 409A of the Code, such payments shall be made in a lump sum six months after date of termination. Payment of annual incentive, which
may be due under any bonus plan but which has not yet been determined, shall be paid at the time payments are made to other participants under such bonus plan. 

 3. Severance Payment. Section 9(a) (v) shall be amended to add the words “and restricted stock” following “stock options”. 

  
 1 

 4. Death/Disability. 
  

	 	(a)	Section 11(a) shall be amended to add the words “and/or restricted stock” after the words “stock options” in the second sentence thereof.

  

	 	(b)	Section 11(b) shall be amended to add the words “and/or restricted stock” after the words “stock options in the second sentence thereof.

 In Witness Whereof, the parties hereto have executed this agreement as of the date first above written.

  

					
	 Employer
	 		 	
		 	 Willis Lease Finance Corporation

			
		 	 By
	 	 /s/ Donald A. Nunemaker

			
	 Employee
	 		 	
			
		 		 	 /s/ Thomas C. Nord

		 		 	     Thomas C. Nord

  
 2Amendment to Employment Agreement between Registrant and Bradley S. Forsyth

 Exhibit 10.10 

Amendment to Employment Agreement 
 Amendment Agreement to Employment Agreement as of December 31, 2008 between Willis Lease Finance Corporation (“Employer”), a Delaware corporation and Bradley S. Forsyth
(“Employee”). 
 Whereas, Employer and Employee entered into an Employment Agreement dated February 20, 2007 (the
“Employment Agreement”) and 
 Whereas, Employer and Employee desire to amend the Employment Agreement in certain
respects. 
 Now, therefore in consideration of the foregoing recitals, the mutual promises of the parties and other good and
valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties hereby agree as follows. 
 1. Grants of
Restricted Stock. There shall be added a new section 4(c) to the Employment Agreement to read as follows: 
  

	 	(c)	Employee shall be eligible for awards under Employer’s 2007 Incentive Stock Plan (the “Plan”) on the same terms as are generally available to senior
executive officers of Employer and on terms which are in accordance with comparative market practices. The parties agree that any grant of stock options or restricted stock under the Plan or any similar plan is subject to the discretion of the Board
(or Compensation Committee) based upon the duties of Employee’s position, the extent to which Employee’s individual performance objectives and Employer’s profitability objectives and other financial and non-financial objectives were
achieved during the applicable period. 

 2. Severance Payment. Section 9(a) (iv) shall be amended to add the
words “and restricted stock” following “stock options”. 
 3. Death/Disability. 

 

	 	(a)	Section 11(a) shall be amended to add the words “and/or restricted stock” after the words “stock options” in the second sentence thereof.

  

	 	(b)	Section 11(b) shall be amended to add the words “and/or restricted stock” after the words “stock options in the second sentence thereof.

 In Witness Whereof, the parties hereto have executed this agreement as of the date first above written.

  

							
	 Employer
	 				 	
		 	 	Willis Lease Finance Corporation
			
		 	 	By	  	 	 /s/ Thomas C. Nord

			
	 Employee
	 				 	
			
		 				 	 /s/ Bradley S. Forsyth

		 				 	     Bradley S. ForsythAmendment and Restatement of Letter of Credit Facility

 Exhibit 10.1 
 AMENDMENT AND RESTATEMENT 
 OF 

LETTER OF CREDIT FACILITY AGREEMENT 
 October 2, 2010 
 This document shall serve as an
amendment and restatement of that Letter of Credit Facility Agreement dated as of the 2nd day of October, 2001, and last amended and restated October 2, 2008, by and between Bank of the Lakes, N.A. (“Lender”), and Alliance Resource Partners, L.P., a Delaware
Limited Partnership (“Borrower”) and shall be effective with respect to all Letters of Credit that have been issued pursuant thereto and remain outstanding. 
 RECITALS 
 FOR GOOD AND VALUABLE CONSIDERATION, LENDER AND BORROWER hereby agree as follows,
to-wit: 
  

	1.	Amendments 

  

	 	a.	It is agreed by and between the parties first mentioned above that all terms of the original credit facility agreement dated the second day of October, 2001, as amended
thereafter including the last amendment dated October 2, 2008, shall continue in full force and effect as originally stated and subsequently amended for an additional two years from the date hereof. 

 

	 	b.	Paragraph 1.(1.21, 1.22 and 1.23) regarding guarantor Alliance Resource GP, LLC, are hereby deleted in as much as the parties have agreed effective the date of this
amendment that the original guarantor hereto, said Alliance Resource GP, LLC, is hereby released from its guaranty and obligation regarding the borrowing hereunder. It is further understood by and between the parties that any reference to the
guaranty and, specifically, guarantor Alliance Resource GP, LLC, contained in the original credit facility agreement dated October 2, 2001, and any amendments thereafter are hereby deleted by reference thereto and said Alliance Resource GP,
LLC, is specifically released from its guaranty executed by separate instrument contemporaneous with the letter of credit facility agreement and likewise dated October 2, 2001. 

	2.	Representations, Warranties, and Covenants 

 Borrower represents and warrants that all of the representations and warranties set forth in the Letter of Credit Facility Agreement are true and correct as of the date hereof, and borrower further
represents and warrants that borrower has performed all of the covenants which borrower is required to perform under the Letter of Credit Facility Agreement and any and all amendments and restatements thereof. 

 

	3.	Continuing Effect 

 Except
as expressly set forth in this amendment and restatement of Letter of Credit Facility Agreement, and the previous amendments thereto including that amendment and restatement dated October 2, 2008, all of which are in writing and signed by the
parties hereto, all other portions of the loan agreement and related documents including the promissory note dated October 2, 2001, as set forth therein and previously executed by Borrower `shall remain and are in full force and effect.

 WITNESS WHEREOF, BORROWER AND LENDER have caused this amendment and restatement of Letter of Credit Facility Agreement to be duly executed by
their properly and duly authorized officers as of the day and year first above written 
  

							
	“Borrower”
	
	 ALLIANCE RESOURCE PARTNERS, L.P.,
 a limited partnership

		
	By:	 	ALLIANCE RESOURCE MANAGEMENT GP,
		 	LLC, the managing general partner
				
		 	By:	 	 /s/ Brian L. Cantrell
	 	
		 		 	 Name: Brian L. Cantrell,
	 	
		 		 	 Title: Senior Vice President –
 Chief Financial Officer
	 	

 
							
	“Lender”
	
	BANK OF THE LAKES, NATIONAL ASSOCIATION
				
		 	By:	 	 /s/ C. M. Gibson
	 	                    
		 		 	 Name: C. M. Gibson
 Title: President and Chief Executive OfficerAmended Restated Letter of Credit Facility

 Exhibit 10.1 
 AMENDMENT AND RESTATEMENT 
 OF 

LETTER OF CREDIT FACILITY AGREEMENT 
 October 2, 2010 
 This document shall serve as an
amendment and restatement of that Letter of Credit Facility Agreement dated as of the 2nd day of October, 2001, and last amended and restated October 2, 2008, by and between Bank of the Lakes, N.A. (“Lender”), and Alliance Resource Partners, L.P., a Delaware
Limited Partnership (“Borrower”) and shall be effective with respect to all Letters of Credit that have been issued pursuant thereto and remain outstanding. 
 RECITALS 
 FOR GOOD AND VALUABLE CONSIDERATION, LENDER AND BORROWER hereby agree as follows,
to-wit: 
  

	1.	Amendments 

  

	 	a.	It is agreed by and between the parties first mentioned above that all terms of the original credit facility agreement dated the second day of October, 2001, as amended
thereafter including the last amendment dated October 2, 2008, shall continue in full force and effect as originally stated and subsequently amended for an additional two years from the date hereof. 

 

	 	b.	Paragraph 1.(1.21, 1.22 and 1.23) regarding guarantor Alliance Resource GP, LLC, are hereby deleted in as much as the parties have agreed effective the date of this
amendment that the original guarantor hereto, said Alliance Resource GP, LLC, is hereby released from its guaranty and obligation regarding the borrowing hereunder. It is further understood by and between the parties that any reference to the
guaranty and, specifically, guarantor Alliance Resource GP, LLC, contained in the original credit facility agreement dated October 2, 2001, and any amendments thereafter are hereby deleted by reference thereto and said Alliance Resource GP,
LLC, is specifically released from its guaranty executed by separate instrument contemporaneous with the letter of credit facility agreement and likewise dated October 2, 2001. 

	2.	Representations, Warranties, and Covenants 

 Borrower represents and warrants that all of the representations and warranties set forth in the Letter of Credit Facility Agreement are true and correct as of the date hereof, and borrower further
represents and warrants that borrower has performed all of the covenants which borrower is required to perform under the Letter of Credit Facility Agreement and any and all amendments and restatements thereof. 

 

	3.	Continuing Effect 

 Except
as expressly set forth in this amendment and restatement of Letter of Credit Facility Agreement, and the previous amendments thereto including that amendment and restatement dated October 2, 2008, all of which are in writing and signed by the
parties hereto, all other portions of the loan agreement and related documents including the promissory note dated October 2, 2001, as set forth therein and previously executed by Borrower `shall remain and are in full force and effect.

 WITNESS WHEREOF, BORROWER AND LENDER have caused this amendment and restatement of Letter of Credit Facility Agreement to be duly executed by
their properly and duly authorized officers as of the day and year first above written 
  

					
	“Borrower”
	
	 ALLIANCE RESOURCE PARTNERS, L.P.,
 a limited partnership

		
	By:	 	 ALLIANCE RESOURCE MANAGEMENT GP,
 LLC, the managing general partner

			
		 	By:	 	/s/ Brian L. Cantrell
		 		 	Name: Brian L. Cantrell,
		 		 	 Title: Senior Vice President –
 Chief Financial Officer

 
			
	“Lender”
	
	BANK OF THE LAKES, NATIONAL ASSOCIATION
		
	By:	 	/s/ C.M. Gibson
		 	Name: C. M. Gibson
		 	Title: President and Chief Executive Officer

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