Document:

Unassociated Document

     

    

      TERMINATION
        AGREEMENT

       

      This
        Agreement, dated as of March 25, 2008, is made by and between Ethanex Energy,
        Inc., a Nevada corporation (“Ethanex”),
        and
        Bühler Inc., a Minnesota
        corporation (“Bühler”).
        Ethanex and Bühler hereby agree as follows:

       

      1.    Termination
        of Joint Marketing Agreement.
        The
        Joint Marketing Agreement dated as of April 20, 2007 by and between Ethanex
        and Bühler (as amended to date, the “Joint Marketing Agreement”) is terminated
        and neither party has any further obligation thereunder except that Section
        2(d)
        of the Joint Marketing Agreement shall survive.

       

      2.    Release
        by Ethanex.
        Ethanex
        for itself and for and on behalf of all of its parent corporations, subsidiary
        corporations, affiliated corporations, insurers, indemnitors, successors
        and
        assigns, together with all of the present and former directors, officers,
        agents
        and employees of any of the foregoing (collectively, the “Ethanex Parties”),
        absolutely and unconditionally releases and forever discharges the Bühler
        Parties from any and all claims, demands or causes of action of any kind,
        nature
        or description, whether arising in law or equity or upon contract or tort
        or
        under any state or federal law or otherwise, that any Ethanex Party has had,
        now
        has or has made claim to have against any Bühler Party for or by reason of any
        act, omission, matter, cause or thing whatsoever arising from the beginning
        of
        time to and including the date of this Agreement, whether such claims, demands
        and causes of action are matured or unmatured or known or unknown.

       

      3.    Release
        by Bühler.
        Bühler
        for itself and for and on behalf of all of its parent corporations, subsidiary
        corporations, affiliated corporations, insurers, indemnitors, successors
        and
        assigns, together with all of the present and former directors, officers,
        agents
        and employees of any of the foregoing (collectively, the “Bühler Parties”),
        absolutely and unconditionally releases and forever discharges the Ethanex
        Parties from any and all claims, demands or causes of action of any kind,
        nature
        or description, whether arising in law or equity or upon contract or tort
        or
        under any state or federal law or otherwise, that any Bühler Party has had, now
        has or has made claim to have against any Ethanex Party for or by reason
        of any
        act, omission, matter, cause or thing whatsoever arising from the beginning
        of
        time to and including the date of this Agreement, whether such claims, demands
        and causes of action are matured or unmatured or known or unknown.

       

      4.    Confidentiality
        Agreement.
        The
        Confidentiality Agreement between the parties dated as of February 16, 2007
        (as
        the same may be amended, supplemented or restated from time to time, the
        “Confidentiality Agreement”) remains in full force and effect. Each party will
        promptly return to the other party all Confidential Information (as defined
        in
        the Confidentiality Agreement) of that party. 

       

      
        
           

        

        
          1
            of
            2

          
            

          

        

        
           

        

      

       

      IN
        WITNESS WHEREOF,
        the
        Parties hereto have executed this Agreement as of the date first set forth
        above.

       

      
        	
                Bühler
                  Inc.

                13105
                  12th
                  Avenue North

                Plymouth,
                  MN 55441-4509

                Attention:
                  Rene Steiner

                Facsimile:
                  763-847-9915

              	
                BÜHLER
                  INC.

                 

                By     /s/
                  Rene Steiner    

                Name:
                  Rene Steiner

                Title:
                  President

                 

                BÜHLER
                  INC.

                 

                By     /s/
                  Brian Williams    

                Name:
                  Brian Williams

                Title:
                  Marketing Manager

              
	 	 
	 	 
	
                Ethanex
                  Energy, Inc.

                14500
                  Parallel Road, Suite A

                Basehor,
                  KS 66007

                Attention:
                  Al Knapp

                Facsimile:
                  913-724-4107                 

              	
                ETHANEX
                  ENERGY, INC.

                 

                By     /s/
                  Albert W. Knapp    

                Name:
                  Albert W. Knapp

                Title:
                  President & CEO

              

      

       

      

      
        
           

        

        
          2
            of
            2SECOND AMENDMENT TO CREDIT AGREEMENT
                      ------------------------------------

         THIS SECOND AMENDMENT TO CREDIT AGREEMENT (this "Amendment") is made
and entered into effective as of March 26, 2008 by and among CONN APPLIANCES,
INC., a Texas corporation ("CAI") and CAI CREDIT INSURANCE AGENCY, INC., a
Louisiana corporation ("Louisiana Insurance Company") (CAI and Louisiana
Insurance Company being herein collectively called "Borrowers"); each of the
Lenders which is or may from time to time become a party to the Credit Agreement
(as defined below) (individually, a "Lender" and, collectively, the "Lenders"),
and JPMORGAN CHASE BANK, NATIONAL ASSOCIATION, acting as administrative agent
for the Lenders (in such capacity, together with its successors in such
capacity, the "Administrative Agent").

                                    RECITALS
                                    --------

         A. The Borrowers, the Lenders and the Administrative Agent executed and
delivered that certain Credit Agreement dated as of October 31, 2005, as amended
by instrument dated as of August 28, 2006. Said Credit Agreement, as amended,
supplemented and restated, is herein called the "Credit Agreement". Any
capitalized term used in this Amendment and not otherwise defined shall have the
meaning ascribed to it in the Credit Agreement.

         B. The Borrowers, the Lenders and the Administrative Agent desire to
amend the Credit Agreement in certain respects.

         NOW, THEREFORE, in consideration of the premises and the mutual
agreements, representations and warranties herein set forth, and further good
and valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, the Borrowers, the Lenders and the Administrative Agent do hereby
agree as follows:

         SECTION 1.  Amendments to Credit Agreement.

         (a) The  definition  of "Base Rate Margin" set forth in Section 1.01 of
the Credit Agreement is hereby amended to read in its entirety as follows:

                  "Base Rate Margin" means, with respect to any ABR Loan, the
         applicable margin set forth below under the caption "Base Rate Margin,"
         based upon the ratio of (i) the sum of (x) Consolidated Total Debt
         (exclusive of the undrawn face amounts of the Collection Account
         Letters of Credit, the undrawn face amounts of the Bank of America
         Letters of Credit and the undrawn face amounts of the Letters of Credit
         issued under this Agreement) plus (y) eight times Consolidated Rent
         Expense divided by (ii) Consolidated EBITDA plus Consolidated Rent
         Expense, as determined quarterly on a rolling four quarter basis

                 Ratio                              Base Rate Margin
                 -----                              ----------------

                 x => 2.75                          0.75%

                 2.25 =>  x < 2.75                  0.50%

                 x < 2.25                           0.25%

                                       1
<PAGE>

         For purposes of the foregoing, each change in the Base Rate Margin
         resulting from a change in the above described ratio shall be effective
         during the period commencing on and including the date of delivery to
         the Administrative Agent of the consolidated financial statements
         indicating such change and ending on the date immediately preceding the
         effective date of the next such change.

         (b) The definition of  "Commitment  Fee Rate" set forth in Section 1.01
of the Credit Agreement is hereby amended to read in its entirety as follows:

                  "Commitment Fee Rate" means, with respect to the commitment
         fees payable hereunder, the applicable fee rate as set forth below
         under the caption "Commitment Fee," based upon the ratio of (i) the sum
         of (x) Consolidated Total Debt (exclusive of the undrawn face amounts
         of the Collection Account Letters of Credit, the undrawn face amounts
         of the Bank of America Letters of Credit and the undrawn face amounts
         of the Letters of Credit issued under this Agreement) plus (y) eight
         times Consolidated Rent Expense divided by (ii) Consolidated EBITDA
         plus Consolidated Rent Expense, as determined quarterly on a rolling
         four quarter basis

                 Ratio                            Commitment Fee Rate
                 -----                            -------------------

                 x => 2.75                              0.375%

                 2.25 => x <  2.75                      0.300%

                 1.75 => x <  2.25                      0.250%

                 1.25 => x <  1.75                      0.225%

                 x < 1.25                               0.200%

         For purposes of the foregoing, each change in the Commitment Fee Rate
         resulting from a change in the above described ratio shall be effective
         during the period commencing on and including the date of delivery to
         the Administrative Agent of the consolidated financial statements
         indicating such change and ending on the date immediately preceding the
         effective date of the next such change.

         (c) The  definition of "LIBOR  Margin" set forth in Section 1.01 of the
Credit Agreement is hereby amended to read in its entirety as follows:

                  "LIBOR Margin" means, with respect to any Eurodollar Loan, the
         applicable margin set forth below under the caption "LIBOR Margin,"
         based upon the ratio of (i) the sum of (x) Consolidated Total Debt
         (exclusive of the undrawn face amounts of the Collection Account
         Letters of Credit, the undrawn face amounts of the Bank of America
         Letters of Credit and the undrawn face amounts of the Letters of Credit
         issued under this Agreement) plus (y) eight times Consolidated Rent
         Expense divided by (ii) Consolidated EBITDA plus Consolidated Rent
         Expense, as determined quarterly on a rolling four quarter basis

                                       2
<PAGE>

                 Ratio                           LIBOR Margin
                 -----                           ------------

                 x => 2.75                          2.00%

                 2.25 =>  x < 2.75                  1.75%

                 1.75 =>  x < 2.25                  1.50%

                 1.25 =>  x < 1.75                  1.25%

                 x < 1.25                           1.00%

         For purposes of the foregoing, each change in the LIBOR Margin
         resulting from a change in the above described ratio shall be effective
         during the period commencing on and including the date of delivery to
         the Administrative Agent of the consolidated financial statements
         indicating such change and ending on the date immediately preceding the
         effective date of the next such change.

         (d)  Schedule  2.02 of the  Credit  Agreement  is hereby  amended to be
identical to Schedule 2.02 attached hereto.

         SECTION 2. Conditions. No part of this Amendment shall become effective
until the Borrowers  shall have delivered (or shall have caused to be delivered)
to the Administrative Agent each of the following:

         (i) certificates dated as of the date hereof of the Secretary or any
Assistant Secretary of each of the Borrowers authorizing the execution, delivery
and performance of this Amendment and each other applicable Loan Document and
certifying to the current organizational documents for the Borrowers, and such
other related documents and information as the Administrative Agent may
reasonably request;

         (ii) an opinion of counsel for the Borrowers covering such matters
related to this Amendment and the other Loan Documents as the Administrative
Agent may reasonably request;

         (iii) payment to the Lenders of amendment fees equal to 0.125% of the
amount (if any) by which each Lender's allocated Revolving Loan Commitment is
increased by reason of this Amendment; and

         (iv) new Revolving Notes evidencing the Revolving Loan Commitments,
duly executed by the Borrowers.

                                       3
<PAGE>

         SECTION 3. Ratification. Except as expressly amended by this Amendment,
the Credit Agreement and the other Loan Documents shall remain in full force and
effect. None of the rights, title and interests existing and to exist under the
Credit Agreement are hereby released, diminished or impaired, and the Borrowers
hereby reaffirm all covenants, representations and warranties in the Credit
Agreement.

         SECTION 4. Expenses. The Borrowers shall pay to the Administrative
Agent all reasonable fees and expenses of Administrative Agent's legal counsel
incurred in connection with the execution of this Amendment.

         SECTION 5. Certifications. The Borrowers hereby certify that (a) no
event or condition has occurred or arisen since the Effective Date which has had
a Material Adverse Effect and (b) no Default or Event of Default has occurred
and is continuing or will occur as a result of this Amendment.

         SECTION 6. Miscellaneous. This Amendment (a) shall be binding upon and
inure to the benefit of the Borrowers, the Lenders and the Administrative Agent
and their respective successors, assigns, receivers and trustees; (b) may be
modified or amended only by a writing signed by the required parties; (c) shall
be governed by and construed in accordance with the laws of the State of Texas
and the United States of America; (d) may be executed in several counterparts by
the parties hereto on separate counterparts, and each counterpart, when so
executed and delivered either in original form or by telecopy, shall constitute
an original agreement, and all such separate counterparts shall constitute but
one and the same agreement and (e) together with the other Loan Documents,
embodies the entire agreement and understanding between the parties with respect
to the subject matter hereof and supersedes all prior agreements, consents and
understandings relating to such subject matter. The headings herein shall be
accorded no significance in interpreting this Amendment.

               NOTICE PURSUANT TO TEX. BUS. & COMM. CODE ss.26.02

         THE CREDIT AGREEMENT, AS AMENDED BY THIS AMENDMENT, AND ALL OTHER LOAN
DOCUMENTS EXECUTED BY ANY OF THE PARTIES PRIOR HERETO OR SUBSTANTIALLY
CONCURRENTLY HEREWITH CONSTITUTE A WRITTEN LOAN AGREEMENT WHICH REPRESENTS THE
FINAL AGREEMENT BETWEEN THE PARTIES AND MAY NOT BE CONTRADICTED BY EVIDENCE OF
PRIOR, CONTEMPORANEOUS OR SUBSEQUENT ORAL AGREEMENTS OF THE PARTIES. THERE ARE
NO UNWRITTEN ORAL AGREEMENTS BETWEEN THE PARTIES.

                                       4
<PAGE>

         IN WITNESS WHEREOF, the Borrowers, the Lenders and the Administrative
Agent have caused this Amendment to be signed by their respective duly
authorized officers, effective as of the date first above written.

                                  CONN APPLIANCES, INC.,
                                  a Texas corporation

                                  By:    /s/ David R. Atnip
                                        ----------------------------------------
                                  Name:  David R. Atnip
                                        ----------------------------------------
                                  Title: Treasurer
                                        ----------------------------------------

                                  CAI CREDIT INSURANCE AGENCY, INC.,
                                  a Louisiana corporation

                                  By:    /s/ David R. Atnip
                                        ----------------------------------------
                                  Name:  David R. Atnip
                                        ----------------------------------------
                                  Title: President
                                        ----------------------------------------

            [signature page for Second Amendment to Credit Agreement]

<PAGE>

                                  JPMORGAN CHASE BANK, NATIONAL
                                  ASSOCIATION, as Administrative Agent and as a
                                  Lender

                                  By:    /s/ Robert L. Mendoza
                                        ----------------------------------------
                                  Name:  Robert L. Mendoza
                                        ----------------------------------------
                                  Title: Vice-President
                                        ----------------------------------------

            [signature page for Second Amendment to Credit Agreement]

<PAGE>

                                  SUNTRUST BANK,
                                  as Documentation Agent and as a Lender

                                  By:    /s/ Michael J. Vegh
                                        ----------------------------------------
                                  Name:  Michael J. Vegh
                                        ----------------------------------------
                                  Title: Vice-President
                                        ----------------------------------------

            [signature page for Second Amendment to Credit Agreement]

<PAGE>

                                  CAPITAL ONE, N.A.

                                  By:    /s/ Charles Cox
                                        ----------------------------------------
                                  Name:  Charles Cox
                                        ----------------------------------------
                                  Title: President Southeast Texas
                                        ----------------------------------------

            [signature page for Second Amendment to Credit Agreement]

<PAGE>

                                  GUARANTY BANK

                                  By:    /s/ Eric Luttrell
                                        ----------------------------------------
                                  Name:  Eric Luttrell
                                        ----------------------------------------
                                  Title: Sr. Vice-President
                                        ----------------------------------------

            [signature page for Second Amendment to Credit Agreement]

<PAGE>

                                  BANK OF AMERICA, N.A.,
                                  as Syndication Agent and as a Lender

                                  By:    /s/ Robert I. Burnett
                                        ----------------------------------------
                                  Name:  Robert I. Burnett
                                        ----------------------------------------
                                  Title: Sr. Vice-President
                                        ----------------------------------------

            [signature page for Second Amendment to Credit Agreement]

<PAGE>

         The undersigned Guarantors hereby join in this Amendment to evidence
their consent to execution by Borrower of this Amendment, to confirm that each
Loan Document now or previously executed by the undersigned applies and shall
continue to apply to the Credit Agreement, as amended hereby, to acknowledge
that without such consent and confirmation, Lender would not execute this
Amendment and to join in the notice pursuant to Tex. Bus. & Comm. Code ss.26.02
set forth above.

                                  "GUARANTORS"

                                  CAI HOLDING CO., a Delaware corporation, CONN
                                  APPLIANCES, L.L.C., a Delaware limited
                                  liability company

                                  By:    /s/ Thomas J. Frank
                                        ----------------------------------------
                                  Name:  Thomas J. Frank
                                        ----------------------------------------
                                  Title: Chief Executive Officer
                                        ----------------------------------------

                                  CONN'S, INC, a Delaware corporation

                                  By:    /s/ Thomas J. Frank
                                        ----------------------------------------
                                  Name:  Thomas J. Frank
                                        ----------------------------------------
                                  Title: Chief Executive Officer
                                        ----------------------------------------

            [signature page for Second Amendment to Credit Agreement]

<PAGE>

                                  SCHEDULE 2.02
                                  -------------

                              REVOLVING COMMITMENTS
                              ---------------------

JPMorgan Chase Bank, National Association                 $22,000,000
SunTrust Bank                                             $20,000,000
Capital One, N.A.                                         $20,000,000
Guaranty Bank                                             $20,000,000
Bank of America, N.A.                                     $18,000,000

TOTAL                                                    $100,000,000

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00139-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00139-of-00352.parquet"}]]