Document:

Prepared by MERRILL CORPORATION

Exhibit 10.2

 

AMENDMENT NO. 1 TO

ACQUISITION AGREEMENT 

 

This AMENDMENT NO. 1 TO ACQUISITION AGREEMENT

(this “Amendment

No. 1”) dated as of August 30, 2001, is among Zebra Technologies

Corporation, a Delaware corporation (“Parent”), Rushmore Acquisition Corp., a

Delaware corporation and a wholly-owned subsidiary of Parent (“Merger Sub”),

and Fargo Electronics, Inc., a Delaware corporation (the “Company”). 

INTRODUCTION

Parent, Merger Sub and the

Company are parties to an Acquisition Agreement, dated as of July 31, 2001 (the

“Acquisition

Agreement”), pursuant to which and subject to the conditions set

forth therein, (i) Merger Sub has commenced a tender offer to purchase all

outstanding shares of Company Common Stock (as defined in the Acquisition

Agreement) and (ii) following the consummation of the cash tender offer, Merger

Sub will merge with and into the Company. 

 

Section 9.3(a) of the

Acquisition Agreement currently provides for, among other things, the payment

by the Company to Parent, under certain conditions, of a termination fee (the “Termination

Fee”) in the amount of $5,600,000. 

 

A complaint (the “Stewart

Complaint”) was filed by James Stewart in District Court, Fourth

Judicial District, County of Hennepin, State of Minnesota on August 13, 2001 against

the Company, members of the Company’s board of directors and Parent. 

 

In connection with the

settlement of the Stewart Complaint, Parent, Merger Sub and the Company have

agreed to amend Section 9.3(a) of the Acquisition Agreement to reduce the amount

of the Termination Fee from $5,600,000 to $4,100,000. 

 

AGREEMENT 

In consideration of the

foregoing and of the mutual covenants, representations, warranties and

agreements of the parties set forth in the Acquisition Agreement, and intending

to be legally bound hereby, Parent, Merger Sub and the Company agree as

follows: 

1.       

Section 9.3(a)(i) of the Acquisition

Agreement is amended by changing the stated amount appearing therein from

“$5,600,000” to “$4,100,000”. 

 

2.       

Section 9.3(a)(ii) of the Acquisition Agreement

is amended by changing the stated amount appearing therein from “$5,600,000” to

“$4,100,000”. 

 

IN WITNESS WHEREOF, the

parties hereto have caused this Amendment No. 1 to be duly executed as of the

day and year first written above. 

 

	

   

  	

  ZEBRA

  TECHNOLOGIES CORPORATION

  
	

   

  	

   

  	

   

  	

   

  
	

   

  	

  By:

  	

   

  	

  /s/ EDWARD

  L. KAPLAN

  
	

   

  	

  Name:

  	

   

  	

  Edward L.

  Kaplan

  
	

   

  	

  Title:

  	

   

  	

  Chairman and

  Chief Executive Officer

  
	

   

  	

   

  	

   

  	

   

  
	

   

  	

  RUSHMORE ACQUISITION CORP.

  
	

   

  	

   

  	

   

  	

   

  
	

   

  	

  By:

  	

   

  	

  /s/ CHARLES

  R. WHITCHURCH

  
	

   

  	

  Name:

  	

   

  	

  Charles R.

  Whitchurch

  
	

   

  	

  Title:

  	

   

  	

  Vice

  President, Treasurer and Secretary

  
	

   

  	

   

  	

   

  	

   

  
	

   

  	

  FARGO ELECTRONICS, INC.

  
	

   

  	

   

  	

   

  	

   

  
	

   

  	

  By:

  	

   

  	

  /s/ JEFFREY

  D. UPIN

  
	

   

  	

  Name:

  	

   

  	

  Jeffrey D.

  Upin

  
	

   

  	

  Title:

  	

   

  	

  Vice

  President and General CounselPrepared by MERRILL CORPORATION

Exhibit 10.3

 

AMENDMENT NO. 2 TO

ACQUISITION AGREEMENT

 

This AMENDMENT NO. 2 TO ACQUISITION AGREEMENT

(this “Amendment

No. 2”) dated as of October 11, 2001, is among Zebra Technologies

Corporation, a Delaware corporation (“Parent”), Rushmore Acquisition Corp., a

Delaware corporation and a wholly-owned subsidiary of Parent (“Merger Sub”),

and Fargo Electronics, Inc., a Delaware corporation (the “Company”).

 

INTRODUCTION

Parent, Merger Sub and the

Company are parties to an Acquisition Agreement, dated as of July 31, 2001 (the

“Acquisition

Agreement”), pursuant to which and subject to the conditions set

forth therein, (i) Merger Sub has commenced a tender offer to purchase all

outstanding shares of Company Common Stock (as defined in the Acquisition

Agreement) and (ii) following the consummation of the cash tender offer, Merger

Sub will merge with and into the Company.

 

Parent, Merger Sub and the

Company entered into an Amendment No. 1 to the Acquisition Agreement on August

30, 2001 in connection with the settlement of a lawsuit filed by James Stewart

in District Court, Fourth Judicial District, County of Hennepin, State of

Minnesota on August 13, 2001 against the Company, members of the Company’s

board of directors and Parent.

 

In connection with the

transaction, Parent received a request for additional information received from

the Federal Trade Commission under the Hart-Scott-Rodino Antitrust Improvements

Act of 1976 (the “HSR Act”). Parent and the Company have

responded to this request and the parties continue to work with the Federal

Trade Commission to seek termination or expiration of the waiting period under

the HSR Act.

 

Parent, Merger Sub and the

Company desire to enter into this Amendment No. 2 to (1) revise the termination

provisions to move back the date on which will begin the time period within

which the Company will have the right to terminate the Acquisition Agreement as

a result of a failure to receive clearance under the HSR Act and (2) revise the

conditions of the Offer in light of the tragic events of September 11, 2001.

 

AGREEMENT

In consideration of the

foregoing and of the mutual covenants, representations, warranties and

agreements of the parties set forth in the Acquisition Agreement, and intending

to be legally bound hereby, Parent, Merger Sub and the Company agree as

follows:

 

Section 9.1(c)(2) of

the Acquisition Agreement is hereby amended in its entirety to state as

follows:

“if the

applicable waiting period under the HSR Act with respect to the Merger has not

terminated or expired by 5:00 p.m., New York City time, on February 14, 2002,

or if such waiting period has terminated or expired prior to such time but

there is then outstanding any administrative or judicial action or proceeding

by any governmental or regulatory authority challenging any transaction

contemplated by this Agreement as violative of any Law designed to prohibit,

restrict or regulate actions having the purpose or effect of monopolization or

restraint of trade, unless the failure of such waiting period to terminate or expire

or the institution of any such administrative or judicial action is the result

of a breach of this Agreement by the Company; provided, however, that the

Company’s right to terminate this Agreement under this subsection shall expire

at 12:00 midnight, New York City time, on February 22, 2002;”

 

Section (a) of Annex I

of the Acquisition Agreement is hereby amended in its entirety to state as

follows:

“there shall

have occurred and be continuing any (1) general suspension of, or limitation on

prices for, trading in securities on the New York Stock Exchange, Inc. in

excess of one day; or (2) declaration of a banking moratorium or suspension of

payments in respect of banks in the United States or any general limitation by

United States Federal or state authorities (whether or not mandatory) on the

extension of credit by lending institutions, which limitation materially

affects Merger Sub’s ability to pay for the shares; or there shall have

occurred any commencement of a war, armed hostilities or other national

calamity involving the United States; provided, however, that the terrorist

attacks on the United States on September 11, 2001 and any subsequent military

actions and other armed hostilities, including additional terrorist attacks on

the United States or any military response by the United States, resulting

therefrom (other than any such subsequent actions or hostilities that will,

because of their significant and lasting effect on the United States and/or its

economy, make Consummation of the Offer impracticable) may not be asserted as a

failure of this condition;”

 

IN

WITNESS WHEREOF, the parties hereto have caused this

Amendment No. 2 to be duly executed as of the day and year first written above.

 

	

  ZEBRA

  TECHNOLOGIES CORPORATION

  
	

   

  	

   

  	

   

  
	

  By:

  	

   

  	

  /s/ EDWARD

  L. KAPLAN

  
	

  Name:

  	

   

  	

  Edward L.

  Kaplan

  
	

  Title:

  	

   

  	

  Chairman and

  Chief Executive Officer

  
	

   

  	

   

  	

   

  
	

  RUSHMORE ACQUISITION CORP.

  
	

   

  	

   

  	

   

  
	

  By:

  	

   

  	

  /s/ JOHN H.

  KINDSVATER

  
	

  Name:

  	

   

  	

  John H.

  Kindsvater

  
	

  Title:

  	

   

  	

  President

  
	

   

  	

   

  	

   

  
	

  FARGO ELECTRONICS, INC.

  
	

   

  	

   

  	

   

  
	

  By:

  	

   

  	

  /s/ GARY

  R.HOLLAND

  
	

  Name:

  	

   

  	

  Gary R.

  Holland

  
	

  Title:

  	

   

  	

  President

  and CEOPrepared by MERRILL CORPORATION

EXHIBIT 10.16

 

SECOND AMENDMENT AND WAIVER TO

REFUNDING CREDIT AGREEMENT

 

This Second Amendment and

Waiver to Refunding Credit Agreement (this “Amendment and Waiver”) is entered

into as of March 1, 2001, among Cornerstone Propane, L.P., a Delaware limited

partnership (the “Borrower”), the undersigned financial institutions (each a

“Lender” and together constituting the “Required Lenders”, as said terms are

defined in the Credit Agreement referred to below) and Bank of America, N.A.

(formerly Bank of America National Trust and Savings Association), as agent for

the Lenders as are or may become parties to said Credit Agreement (in such

capacity, the “Agent”).

 

R E C I T A L S

 

A.            The Borrower is a party to a Refunding Credit Agreement

dated as of November 20, 1998 with the Agent and the Lenders party

thereto, as amended by a First Amendment to Refunding Credit Agreement (the

“First Amendment”) dated as of June 30, 2000 with the Agent and the

Lenders party thereto (such Refunding Credit Agreement as so amended by the

First Amendment is referred to herein as the “Credit Agreement”).

 

B.            NorthWestern Corporation (“NOR”) executed a Guaranty (the

“Guaranty Agreement”) dated as of June 30, 2000, in favor of the Agent for

the benefit of itself and the Lenders. 

Cornerstone Holding Corp. and Flame, Inc. have executed Guaranties (the

“Original Guaranties”) in favor of the Trustee.

 

C.            The Borrower is a

party to a Waiver Agreement (the “Original Waiver”) dated as of June 30, 2000

with the Agent and the Lenders party thereto. 

As part of the Original Waiver, NOR agreed to reset the Guarantied

Amount (as defined in the Guaranty Agreement) at $70,000,000 and that the

Guarantied Amount could not be reduced below $70,000,000 without the consent of

100% of the Lenders.

 

D.            The Borrower has requested that the Agent and the Lenders

currently parties to the Credit Agreement, (i) amend certain provisions of the

Credit Agreement and (ii) waive any failure, actual or alleged, of the Borrower

to comply with Section 8.2.4 of Credit Agreement as of September 30,

2000 and December 31, 2000, and the Agent and the Required Lenders, subject to

the terms, conditions and limitations set forth herein, have agreed to do so.

 

AGREEMENT

 

NOW, THEREFORE, in

consideration of the premises and for other good and valuable consideration,

the receipt and sufficiency of which are hereby acknowledged, the parties

hereto agree as follows:

 

1.             Defined

Terms; Section and Paragraph References. 

Initially capitalized terms used but not

defined in this Amendment and Waiver shall have the meanings assigned to such

terms in the Credit Agreement.  All

“Section” references herein are to sections of the Credit Agreement unless

otherwise specified.  All “paragraph”

references herein are to paragraphs of this Amendment and Waiver unless

otherwise specified.

 

2.             Amendments

and Agreements.  On

the terms of this Amendment and Waiver and subject to the satisfaction of the

conditions precedent set forth below in paragraph 4 and, with respect to

paragraph 2(a) below, the continuing conditions in paragraph 5, the Credit

Agreement is amended and the Borrower agrees as follows:

 

(a)           Amendment of Section 8.2.4.  Section 8.2.4 of the Credit Agreement is

hereby amended by inserting, at the end of said Section, a new paragraph to

read as follows, in lieu of the paragraph added by Section 1.3 of the First

Amendment:

 

“Notwithstanding the foregoing

provisions of this Section 8.2.4, so long as (i) the Guaranty Agreement shall

be in full force and effect, (ii) NOR is in compliance with all of its material

obligations thereunder and (iii) NOR has not attempted to revoke in writing any

of its obligations under the Guaranty Agreement:

 

(A)          the Total Funded Indebtedness to Consolidated Cash Flow

Ratio as of any relevant date and for the period then ending shall, solely for

purposes of the foregoing clause (a) of this Section 8.2.4 (and any related

compliance report), be computed by subtracting the lesser of (i) the applicable

“Guarantied Amount” on such date as specified in or pursuant to the Guaranty

Agreement and (ii) the Guarantied Obligations (as defined in the Guaranty

Agreement) outstanding on such date from the sum of the consolidated Debt,

Capitalized Lease Liabilities and Synthetic Lease Obligations of the Borrower

and the Restricted Subsidiaries (to the extent not resulting in a negative

number);

 

(B)           the ratio of Consolidated Cash Flow to Consolidated

Interest Expense as of any relevant date and for the period then ending shall,

solely for purposes of the foregoing clause (b) of this Section 8.2.4 (and any

related compliance report), be computed by excluding from the denominator of

such ratio an amount equal to the average interest rate applicable to the Loans

for the period then ending multiplied by the lesser of (i) the average “Guarantied

Amount” applicable during the period then ending as specified in or pursuant to

the Guaranty Agreement and (ii) the average Guarantied Obligations (as defined

in the Guaranty Agreement) outstanding during the period then ending; and

 

(C)           in making the

calculations required by Section 8.2.4, all adjustments for discontinued

operations of the Borrower or any Subsidiary (or any of their divisions) shall

be made in accordance with GAAP except that, regardless of compliance with

GAAP, the Borrower may exclude from Consolidated Net Income losses relating to

the discontinued natural gas financial trading operations of Coast Energy Group

for the quarters ended June 30, 2000, September 30, 2000 and December 31, 2000,

but not in excess of $4,600,000, $4,200,000 and $1,200,000, respectively.

 

In the event that (i) the

Guaranty Agreement shall cease to be in full force and effect, (ii) NOR fails

to comply with any of its material obligations under the Guaranty Agreement or

(iii) NOR attempts to revoke in writing any of its obligations under the

Guaranty Agreement, any Default or Event of Default which would have existed

under the Credit Agreement shall be retroactively reinstated, and the Agent and

the Lenders shall have all of their rights and remedies under the Credit

Agreement, including any rights and remedies arising from a Default or Event of

Default occasioned by a violation of this Section 8.2.4.”

 

(b)           Optional Termination of Acquisition Loan Commitment.  Pursuant to Section 2.2.1 of the Credit

Agreement, after giving effect to the prepayment of the $10,000,000 in

principal amount of the Acquisition Loans referred to in paragraph 4(b), the

Acquisition Loan Commitment Amount is hereby reduced to the aggregate

outstanding principal amount of the Acquisition Loans on the Second Amendment

and Waiver Effective Date.

 

(c)           Reduction in Working Capital Loan Commitment Amount.

Pursuant to Section 2.2.1 of the Credit Agreement, the Working Capital Loan

Commitment Amount is hereby reduced to $70,000,000.

 

(d)           Increase in Clean Down.  Section 8.1.9 of the Credit Agreement is amended by replacing the

amount “$10,000,000” with the amount “$20,000,000”.

 

(e)           Amendment Fees. 

The Borrower agrees to pay to the Agent, for the pro rata account of

each Lender, non-refundable amendment fees (without regard to usage) as

follows:  (i) on or before the Second

Amendment and Waiver Effective Date, a non-refundable amendment fee equal to

the Working Capital Loan Commitment Amount (as reduced pursuant hereto)

multiplied by 25 basis points, (ii) on or before the 90th day following the

Second Amendment and Waiver Effective Date, a non-refundable amendment fee

equal to the Working Capital Loan Commitment Amount then in effect, if any,

multiplied by 25 basis points and (iii) on or before the 180th day following

the Second Amendment and Waiver Effective Date, a non-refundable amendment fee

equal to the Working Capital Loan Commitment Amount then in effect, if any,

multiplied by 50 basis points.  Such

amendment fees shall be fully earned on the date paid and are nonrefundable.

 

3.             Waiver.

 

(a)           In

accordance with Section 11.1 of the Credit Agreement and, subject to the

terms and conditions set forth in this Amendment and Waiver, on a one time

basis, the Required Lenders hereby waive compliance with Section 8.2.4 of

Credit Agreement as of September 30, 2000 and December 31, 2000.

 

(b)           The waiver given herein is a one time waiver strictly

limited to its terms and shall not have any force and effect other than as

expressly set forth herein.  The Agent

and the Lenders specifically retain all their present and future rights under

the Credit Agreement, including rights in connection with the representations,

conditions and covenants thereof, except as specifically modified by the

limited waiver described in paragraph 2(a).  No further waiver, either of additional terms or for any

additional period, or consents of any kind, shall be implied from the waiver

granted herein.  Without limiting the

foregoing, the Borrower expressly acknowledges that neither the Agent nor any

Lender has made any statement, promise or commitment, or given any promise or

assurance, express or implied, that any waiver would be granted in the future.

 

4.             Conditions Precedent to the

Effectiveness of this Amendment and Waiver.  The effectiveness of the amendment and

agreements contained in paragraph 2 above and the one time waiver granted

pursuant to paragraph 3 above is conditioned upon, and such amendments,

agreements and waiver shall not be effective until, satisfaction in full of each

of the following (the first date on which all of the following have been

satisfied being referred to herein as the “Second Amendment and Waiver

Effective Date”), and shall, solely in the case of the amendment and agreements

contained in paragraph 2(a) above and the one time waiver granted pursuant to

paragraph 3 above, only be effective thereafter so long as the continuing

conditions contained in paragraph 5 below are complied with:

 

(a)           The Agent shall have received, on behalf of the Lenders,

this Amendment and Waiver, duly executed and delivered by or on behalf of the

Borrower, the Agent and the Required Lenders under the Credit Agreement and by

NOR.

 

(b)           The Borrower prepays the principal of the Acquisition

Loans by $10,000,000.

 

(c)           The Agent shall have received, on behalf of the Lenders,

copies of partnership authorizations for this Amendment and Waiver for the

Borrower and resolutions of the board of directors of each of the Managing

General Partner, the Restricted Subsidiaries and NOR authorizing and ratifying

the transactions contemplated hereby, certified by the Secretary or an

Assistant Secretary of such Person.

 

(d)           The Agent

shall have received a legal opinion satisfactory to it from the Borrower’s

legal counsel as to the due authorization, execution delivery and binding

effect of this Second Amendment and Waiver and as to no conflict with, other or

default under, the Borrower’s charter documents or, to such counsel’s

knowledge, any document or agreement to which the Borrower is a party providing

for the borrowing of money or the issuance of debt securities.

 

(e)           Each of the representations and warranties set forth in

this Amendment and Waiver shall be true and correct on a date when all other

conditions set forth in the other paragraphs of this paragraph 4 shall

have been satisfied.  No Default or

Event of Default (other than that which might exist by virtue of

paragraph 8.2.4 absent this Amendment and Waiver) shall have occurred and

be continuing or would result from the consummation of the transactions

contemplated in this Amendment and Waiver.

 

(f)            The Agent shall have received the amendment fees referred

to in clause (i) of paragraph 2(e) and the last sentence of paragraph 2(e).

 

(g)           All invoices of the Agent’s counsel dated prior to April

1, 2001 shall have been paid in full.

 

5.             Continuing

Condition to Effectiveness of Amendment and Waiver.  The 

amendment contained in paragraph 2(a) above and the waiver set forth in

paragraph 3 above shall be subject to, in addition to the conditions set

forth in paragraph 4 above, the conditions that (a) at no time after

November 10, 2000 shall the Borrower, without the prior written consent of

100% of the Lenders, request an Acquisition Loan under the Credit Agreement,

(b) pursuant to Section 3.1(a) of the Credit Agreement, on or before

November 30, 2001, the Borrower makes a voluntary prepayment of all then

outstanding Acquisition Loans, and (c) no more than $2,275,000 in guaranty or

analogous fees relating to the Guaranty Agreement is paid to NOR prior to the date

on which all of the Obligations have been paid in full and the Commitments

shall have terminated.  If the Borrower

shall fail to comply with any of the conditions contained in the foregoing

sentence (regardless of the satisfaction of the conditions contained in

paragraph 4 above), the amendment contained in paragraph 2(a) above and

the waiver set forth in paragraph 3 above shall automatically and

immediately terminate and be rescinded, the provisions of Section 8.2.4

shall be retroactively reinstated and any Event of Default or Default which

would have existed under Section 8.2.4 shall be retroactively reinstated,

except that the amendments contained in Sections 2(b),(c),(d) and (e) shall

remain in effect for all purposes.  Upon

such termination and rescission, the Agent and the Lenders shall have all of

their rights and remedies under the Credit Agreement, including any rights and

remedies arising from a Default or Event of Default occasioned by a violation

of Section 8.2.4.

 

6.             Representations

and Warranties. 

In order to induce the Agent and the Required Lenders to enter into this

Amendment and Waiver, the Borrower represents and warrants to the Agent and

each Lender as follows:

 

(a)           Power and Authority.  The Borrower has all requisite partnership power and authority to

enter into this Amendment and Waiver and to carry out the transactions

contemplated by, and perform its obligations under, the Credit Agreement.

 

(b)           Authorization of Agreements.  The execution and delivery of this Amendment

and Waiver  by the Borrower, and the

performance of the Credit Agreement by the Borrower have been duly authorized

by all necessary partnership action, and this Amendment and Waiver has been

duly executed and delivered on behalf of the Borrower.

 

(c)           Enforceability. 

The Credit Agreement constitutes the legal, valid and binding obligation

of the Borrower, enforceable against the Borrower in accordance with its terms,

except as enforceability may be limited by (i) applicable bankruptcy,

insolvency, reorganization, moratorium, fraudulent conveyance, fraudulent

transfer or other similar laws relating to or affecting the rights of creditors

generally, (ii) general principles of equity (regardless of whether considered

in a proceeding in equity or at law), including, without limitation (A) the

possible unavailability of specific performance, injunctive relief or any other

equitable remedy, and (B) concepts of materiality, reasonableness, good faith

and fair dealing, and (iii) rights of indemnification or contribution being limited

by Federal and state securities laws and the public policy underlying such

laws.

 

(d)           No

Conflict.  The execution and

delivery by the Borrower of this Amendment and Waiver and the performance by

the Borrower of the Credit Agreement do not and will not (i) contravene, in any

material respect, any provision of any law, regulation, decree, ruling,

judgment or order that is applicable to the Borrower or its properties or other

assets, (ii) result in a breach of or constitute a default under the certificate

of limited partnership or partnership agreement of the Borrower or any material

agreement, indenture, lease or instrument binding upon it, or its properties or

other assets or (iii) result in the creation or imposition of any Liens on its

properties other than as permitted under the Credit Agreement.

 

(e)           Governmental Consents.  No authorization or approval or other action by, and no notice to

or filing with, any governmental authority or regulatory body is required for

the due execution, delivery and performance by the Borrower of this Amendment

and Waiver.

 

(f)            Representations and Warranties in the Credit Agreement.  The Borrower confirms that (i) the

representations and warranties contained in Article VII of the Credit Agreement

are true and correct in all material respects, except to the extent any such

representation and warranty is expressly stated to have been made as of a

specific date, in which case it shall be true and correct as of such specific

date and (ii) no Default or Event of Default (other than that which might exist

by virtue of Section 8.2.4 absent this Amendment and Waiver) has occurred

and is continuing.

 

(g)           Restricted Subsidiaries.  As of the date of this Amendment and Waiver, the Borrower has no

Restricted Subsidiaries other than Cornerstone Holding and Flame.

 

7.             Counterparts;

Notice of Effectiveness.  This Amendment and Waiver may be executed by the parties hereto

in any number of counterparts, all of which shall constitute together but one

and the same agreement, and any such person may become a party hereto by

executing any such counterpart.  Facsimile

signatures shall be effective and binding for all purposes.  In proving any matter with respect to this

Amendment and Waiver it shall not be necessary to produce or account for more than

one such counterpart signed by the party against whom enforcement is sought.

 

8.             Ratification

of Credit Agreement.  The Credit Agreement, as amended and after giving effect to this

Amendment and Waiver, is hereby ratified and confirmed in all respects.

 

9.             Governing

Law.  This

Amendment and Waiver shall be deemed to be a contract made under and governed

by the internal laws of the State of New York.

 

IN WITNESS WHEREOF, the parties hereto have duly executed this

Amendment and Waiver, as of the date first above written.

 

	

   

  	

  CORNERSTONE

  PROPANE, L.P.

  	

   

  
	

   

  	

   

  	

   

  	

   

  
	

   

  	

  By:

  	

  CORNERSTONE

  PROPANE GP, INC.,

  	

   

  
	

   

  	

   

  	

  its Managing General Partner

  	

   

  
	

   

  	

   

  	

   

  	

   

  
	

   

  	

   

  	

   

  	

   

  
	

   

  	

   

  	

  By:

  	

   

  
	

   

  	

   

  	

  Name:

  	

   

  
	

   

  	

   

  	

  Title:

  	

   

  
					

 

 

	

   

  	

  BANK

  OF AMERICA, N.A.,

  as Agent for the Lenders

  	 

	

   

  	

   

  	 

	

   

  	

   

  	 

	

   

  	

  By:

  	

   

  	 

	

   

  	

  Name

  	

   

  	 

	

   

  	

  Title:

  	

   

  	 

	

   

  	

   

  	 

	

   

  	

   

  	 

	

   

  	

  BANK

  OF AMERICA, N.A.

  	 

	

   

  	

   

  	 

	

   

  	

   

  	 

	

   

  	

  By:

  	

   

  	 

	

   

  	

  Name:

  	

   

  	 

	

   

  	

  Title:

  	

   

  
								

 

 

	

   

  	

  UNION

  BANK OF CALIFORNIA, N.A.

  
	

   

  	

   

  
	

   

  	

   

  	

   

  
	

   

  	

  By:

  	

   

  
	

   

  	

  Name:

  	

   

  
	

   

  	

  Title:

  	

   

  

 

 

	

   

  	

  FLEET

  NATIONAL BANK

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By:

  	

   

  	 

	

   

  	

  Name:

  	

   

  	 

	

   

  	

  Title

  	

   

  	 

					

 

 

	

   

  	

  FIRST

  UNION NATIONAL BANK

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By:

  	

   

  
	

   

  	

  Name:

  	

   

  
	

   

  	

  Title:

  	

   

  

 

 

	

   

  	

  THE

  BANK OF NOVA SCOTIA

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By:

  	

   

  
	

   

  	

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  CREDIT

  AGRICOLE INDOSUEZ

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

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Each of the undersigned

hereby acknowledges and consents to the foregoing Second Amendment and Waiver

to Refunding Credit Agreement, reaffirms the terms of its Guaranty in

favor of the Trustee and acknowledges that such Guaranty remains in full force

and effect in accordance with its terms.

 

	

  Dated:

  	

   

  	

   

  	

  CORNERSTONE

  HOLDING CORP

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

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  FLAME,

  INC.

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

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The undersigned hereby

(a) acknowledges and consents to the foregoing Second Amendment and Waiver to

Refunding Credit Agreement, (b) reaffirms the terms of its Guaranty Agreement

dated as of June 30, 2000 in favor of the Agent, (c) acknowledges and

agrees that the Guarantied Amount under such Guaranty Agreement is and remains

at $70,000,000, (d) agrees that the Guarantied Amount cannot be reduced below

$70,000,000 without the consent of 100% of the Lenders, and any attempted or

purported reduction in contravention of the foregoing shall be null and void,

(e) agrees that if the Guarantied Amount under such Guaranty Agreement is

increased above $70,000,000 after the date hereof, the Guarantied Amount under

such Guaranty Agreement may not thereafter be reduced below such increased

amount without the consent of the Required Lenders, and any attempted or

purported reduction in contravention of the foregoing shall be null and void,

and (f) acknowledges that such Guaranty Agreement remains in full force and effect

in accordance with its terms.

 

	

  Dated as of March 1, 2001

  	

  NORTHWESTERN

  CORPORATION

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

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Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00031-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00031-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00031-of-00352.parquet"}]]