Document:

exhibit10_8.htm

    
      Exhibit
10.8

       

    

    

     

    Amendment
to Option Grant

     

    under
the

     

    EPCO, Inc.
2006 TPP Long-Term Incentive Plan

    

    This Amendment is intended to comply with Section 409A of the
Internal Revenue Code of 1986 (“Section 409A”).

     

    Notwithstanding
any other provisions of Option Grant No. ____________ under the EPCO, Inc.
2006 TPP Long-Term Incentive Plan which deal with when the Option may be
exercised, the following special rules regarding the timing of the exercise of
the Options granted therein shall govern in all respects:

     

    To the
extent an Option becomes vested upon a Vesting Date during your employment with
the Company and its Affiliates, such Option may only be exercised during the
months of February, May, August or November (“Qualified Month”) in
the 1st calendar
year following the year in which the Vesting Date occurs; or, if earlier, upon
(a) a Qualifying Termination, (b) an “unforeseeable emergency” (as defined in
Section 409A) which is approved by the Company, or (c) your termination of
employment with the Company for any reason other than a Qualifying Termination,
then the vested portion of the Option may be exercised by you (other than in the
event of a Qualifying Termination that was due to your death) only during the
Qualified Month immediately following such event. In the event a Qualifying
Termination is due to your death, the vested portion of the Options may be
exercised by your Beneficiary only during the second Qualified Month next
following such event. Notwithstanding the foregoing, in order to comply with the
transition guidance issued by the Internal Revenue
Service under Section 409A, if a Qualifying Termination occurs prior
to January 1, 2009, the vested portion of the Option may be exercised by you (or
in the event of a Qualifying Termination that was due to your death, by your
Beneficiary) only during the first Qualified Month in 2009 (i.e., February
2009).

     

    The
Optionee hereby acknowledges that this Amendment is being entered into to comply
with Section 409A and to avoid the imposition on Optionee of additional taxes
thereunder, which constitutes sufficient consideration for the Optionee's
agreement to the terms and conditions of this Amendment. The Optionee further
acknowledges that this Amendment is not being entered into in exchange for any
additional remuneration or consideration offered by EPCO, Inc.

     

    All
capitalized terms shall have the meaning set forth in the EPCO, Inc. 2006
TPP Long-Term Incentive Plan, unless otherwise provided herein.

     

    [Signature Page
Follows]

     

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    This
Amendment is adopted effective as of ______________________, 2008.

     

    
       

    

    
      	
              EPCO,
      INC.:

               

               

               

            	
              OPTIONEE:

               

            
	
              ____________________________________

              Signature

            	
              ___________________________________

              Signature

            
	
               

              Title  
      _______________________________

               

            	
               

              Date: _______________________________

                                                                          

            
	
              Date: 
      _______________________________EXECUTION COPY

JPMORGAN CHASE & CO. 

AND 

DEUTSCHE BANK TRUST
COMPANY AMERICAS                                      

  (f/k/a Bankers Trust Company), as
Trustee 

First Supplemental
Indenture 

dated as of April 9,
2008 

TO THE INDENTURE DATED
                                                

  AS OF MAY 25, 2001 

        THIS
FIRST SUPPLEMENTAL INDENTURE, dated as of April 9, 2008 between JPMORGAN CHASE & CO.,
a Delaware corporation  (the “Issuer”), and DEUTSCHE BANK TRUST COMPANY AMERICAS (f/k/a
Bankers Trust Company), a New York banking corporation, as Trustee (the “Trustee”). 

W I T N E S S E T H : 

        WHEREAS,
the Issuer and the Trustee are parties to that certain Indenture dated as of May 25, 2001
(as amended, supplemented or otherwise modified, the “Indenture”); 

        WHEREAS,
Section 8.01 of the Indenture provides that, without the consent of the holders of the
Securities, the Issuer, when authorized by a resolution of its Board of Directors (which
resolution may provide general terms or parameters for such action and may provide that
the specific terms of such action may be determined in accordance with or pursuant to an
Issuer Order), and the Trustee may enter into supplemental indentures to the Indenture
for the purpose of making provisions in regard to such matters arising under the
Indenture as the Issuer may deem necessary and desirable which do not materially and
adversely affect the interests of the holders of the Securities; 

        WHEREAS,
the Issuer desires to modify certain provisions of the Indenture relating to repurchase
at the option of the Holders of the Securities; 

        WHEREAS,
the entry into this First Supplemental Indenture by the parties hereto is in all respects
authorized by the provisions of the Indenture; and 

        WHEREAS,
all things necessary to make this First Supplemental Indenture a valid agreement of the
Issuer and the Trustee according to its terms and a valid supplement to the Indenture
have been done; 

        NOW,
THEREFORE: 

        In
consideration of the premises and the purchases of the Securities by the holders thereof,
the Issuer and the Trustee mutually covenant and agree for the equal and proportionate
benefit of the respective holders from time to time of the Securities as follows: 

 
	 	
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ARTICLE 1

   Amendments  

        Section
1.01. Corporate Trust Office. The definition of “Corporate Trust Office” in
Section 1.01 of the Indenture is deleted in its entirety and replaced with the following:  

	  	
“Corporate
Trust Office” means the office of the Trustee at which the corporate trust business
         of the Trustee shall, at any particular time, be principally administered, which
office is, as          of the date of the First Supplemental Indenture (as defined
therein), located at Deutsche Bank          Trust Company Americas, 60 Wall Street, New
York, New York 10005 (with copies of all notices          sent to Deutsche Bank National
Trust Company, 25 DeForest Avenue, Second Floor, Summit, NJ           07901, Attn: Global
Debt Services, Trust & Securities Services). 

        Section
1.02 Addition of Article 13. A new Article 13 is added to the Indenture as
follows:  

ARTICLE 13 

REPURCHASE OF
SECURITIES                                             

  AT THE OPTION OF THE HOLDER 

	  	
Section
13.01. Applicability of Article. The provisions of this Article shall be applicable
to the Securities of any series which are subject to repurchase at the option of
the Holders thereof before their maturity except as otherwise specified as
contemplated by 2.03 for Securities of such series.  

	  	
Section
13.02. Minimum Repurchase Amount. The terms of the Securities may require a Holder to
request a minimum amount or number of Securities to be repurchased on any date
fixed for repurchase.  

	  	
Section
13.03. Notice of Repurchase; Partial Repurchase. Notice and confirmation of a
required repurchase by the Issuer of Securities of any series to be repurchased
as a whole or in part at the option of the Holders shall be given by each Holder
in the manner and at the time specified in the terms of such Securities.  

	  	
The
notice of repurchase from each such Holder shall specify the principal amount or number
of          each Security of such series held by such Holder to be repurchased and that
arrangements will          be made for the presentation and surrender of such Securities
and, in the case of Securities          with Coupons attached thereto, of all Coupons
appertaining thereto maturing after the date          fixed for  

 
	 	
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repurchase
and that on and after said date interest thereon or on the portions          thereof to
be repurchased will cease to accrue. 

	  	
On
or before the repurchase date specified in the terms of the Securities as provided for in
         this Section, the Issuer will deposit with the Trustee or with one or more
paying agents (or,          if the Issuer is acting as its own paying agent, set aside,
segregate and hold in trust as          provided in Section 3.04) an amount of money or
other property sufficient to repurchase on the          repurchase date all the
Securities of such series submitted for repurchase at the appropriate          repurchase
price, together with accrued interest, if any, to the date fixed for repurchase. 

	  	
Section
13.04. Payment of Securities Subject to Repurchase.  If notice of repurchase has been
         given as above provided, the Securities or portions of Securities specified in
such notice          shall become due and payable on the date and at the place set forth
in the terms of such          Securities at the applicable repurchase price, together
with interest accrued, if any, to the          date fixed for repurchase, and on and
after said date (unless the Issuer shall default in the          payment of such
Securities at the repurchase price, together with interest accrued to said          date,
if any) interest on the Securities or portions of Securities so subject to repurchase
         shall cease to accrue, and the unmatured Coupons, if any, appertaining thereto
shall be void,          and, except as provided in Sections 6.05 and 10.04, such
Securities shall cease from and after          the date fixed for repurchase to be
entitled to any benefit or security under this Indenture,          and the Holders
thereof shall have no right in respect of such Securities except the right to
         receive the repurchase price thereof and unpaid interest, if any, to the date
fixed for          repurchase. On presentation and surrender of such Securities at a
place of payment specified          in the terms of such Securities, together with all
Coupons, if any, appertaining thereto          maturing after the date fixed for
repurchase, said Securities with, in the case of any          Unregistered Securities
that have Coupons attached, all matured Coupons in default          appertaining thereto
or the specified portions thereof shall be paid and repurchased by the          Issuer at
the applicable repurchase price, together with interest accrued thereon, if any, to
         the date fixed for repurchase; provided that any payment of interest becoming
due on or prior          to the date fixed for repurchase shall be payable in the case of
Securities with Coupons          attached thereto, to the Holders of the Coupons for such
interest upon surrender thereof, and          in the case of Registered Securities, to
the Holders of such Securities registered as such on          the relevant record date
subject to the terms and provisions of Section 2.04 hereof. 

 
	 	
4	 

	  	
If
any Security called for repurchase shall not be so paid upon surrender thereof for
         repurchase, the principal shall, until paid or duly provided for, bear interest
from the date          fixed for repurchase at the rate of interest or Yield to Maturity
(in the case of an Original          Issue Discount Security) borne by the Security. 

	  	
If
any Security with Coupons attached thereto is surrendered for repurchase and is not
         accompanied by all appurtenant Coupons maturing after the date fixed for
repurchase, the          surrender of such missing Coupon or Coupons may be waived by the
Issuer and the Trustee, if          there be furnished to each of them such security or
indemnity as they may require to save each          of them harmless. 

	  	
Section
13.05 Repurchase by Remarketing Entities. The Issuer may elect, in such manner which
is reasonably satisfactory to the Trustee, with respect to any Securities
subject to repurchase at the option of the Holders thereof before their maturity
to designate one or more remarketing entities to purchase, at a price equal to
the repurchase price, Securities of such Series from the Holders thereof who
give notice and surrender their Securities in accordance with this Article.  

ARTICLE 2

  Miscellaneous Provisions  

	  	        Section
2.01. Further Assurances. The Issuer will, upon request by the Trustee, execute
and deliver such further instruments and do such further acts as may reasonably be
necessary or proper to carry out more effectively the purposes of this First Supplemental
Indenture. 

	  	        Section
2.02. Other Terms of Indenture. Except insofar as herein otherwise expressly
provided, all provisions, terms and conditions of the Indenture are in all respects
ratified and confirmed and shall remain in full force and effect. 

	  	        Section
2.03. Terms Defined. All terms defined elsewhere in the Indenture shall have the
same meanings when used herein. 

	  	        Section
2.04. Separability. In case any provision in this First Supplemental Indenture or
in the Securities shall be invalid, illegal or unenforceable, the validity, legality and
enforceability of the remaining provisions shall not in any way be affected or impaired
thereby. 

	  	        Section
2.05. Provisions of First Supplemental Indenture for the Sole Benefit of Parties
and Holders of Securities. Nothing in this First Supplemental 

 
	 	
5	 

Indenture or in the Securities,
expressed or implied, shall give or be construed to give to any person, firm or
corporation, other than the parties hereto and their successors and the holders of the
Securities, any legal or equitable right, remedy or claim under this First Supplemental
Indenture or under any covenant or provision herein contained, all such covenants and
provisions being for the sole benefit of the parties hereto and their successors and of
the holders of the Securities. 

        Section
2.06. New York Law to Govern. This First Supplemental Indenture shall be deemed to
be a contract under the laws of the State of New York, and for all purposes shall be
construed in accordance with the laws of such State, except as may otherwise be required
by mandatory provisions of law.  

        Section
2.07. Counterparts. This First Supplemental Indenture may be executed in any number
of counterparts, each of which shall be an original; but such counterparts shall together
constitute but one and the same instrument.  

        Section
2.08. Effect of Headings. The Article and Section headings herein are for
convenience only and shall not affect the construction hereof.  

 
	 	
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        IN
WITNESS WHEREOF the parties hereto have caused this First Supplemental Indenture to be
duly executed, dated as of April 9, 2008. 

	 	JPMORGAN CHASE & CO.
	 	 
	  	
                                           By:	/s/ Le Roy Davis

                                                  
      

      Name:     Le Roy Davis

                                                  Title:    Managing Director

	 	DEUTSCHE BANK TRUST COMPANY 

      AMERICAS, BY DEUTSCHE BANK 

      NATIONAL TRUST COMPANY
	 	 
	  	
                                           By:	/s/ Irina Golovashchuk
      

      
                                                  Name:    Irina Golovashchuk

                                                  Title:   Assistant Vice President

	 	DEUTSCHE BANK TRUST COMPANY 

      AMERICAS, BY DEUTSCHE BANK 

      NATIONAL TRUST COMPANY
	 	 
	  	
                                           By:	/s/ David Contino

                                                  
      

      Name:     David Contino

                                                  Title:     Vice President

 
	 	
7

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