SEC Contract Filing

Filing Date: 2016-10-04

Document Content:
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<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>a16-19462_1ex10d1.htm
<DESCRIPTION>EX-10.1
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<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Exhibit 10.1</font></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Execution Version</font></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">INTREPID POTASH,&nbsp;INC.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">SECOND AMENDMENT AND SIXTH WAIVER TO</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">NOTE PURCHASE AGREEMENT</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">$60,000,000 3.23% Senior Notes, Series&nbsp;A, due April&nbsp;16, 2020</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">$45,000,000 4.13% Senior Notes, Series&nbsp;B, due April&nbsp;14, 2023</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">$45,000,000 4.28% Senior Notes, Series&nbsp;C, due April&nbsp;16, 2025</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="right" style="margin:0in 0in .0001pt;text-align:right;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Dated as of September&nbsp;30, 2016</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">To the Holders of the Senior Notes</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">of Intrepid Potash,&nbsp;Inc.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Named in the Attached Schedule I</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Ladies and Gentlemen:</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Reference is made to the Note Purchase Agreement dated as of August&nbsp;28, 2012 among Intrepid Potash,&nbsp;Inc. (the &#147;<u>Company</u>&#148;) and the Purchasers listed in Schedule A attached thereto, as amended by that certain First Amendment to Note Purchase Agreement dated as of January&nbsp;15, 2016 (as so amended, the &#147;<u>Existing Note Purchase Agreement</u>&#148;), pursuant to which the Company issued (i)&nbsp;$60,000,000 aggregate principal amount of its 3.23% Senior Notes, Series&nbsp;A, due April&nbsp;16, 2020 (as in effect prior to giving effect to the Amendments (as defined below), the &#147;<u>Existing Series&nbsp;A Notes</u>&#148;, and as amended by this Amendment and Waiver Agreement (as defined below) and as may be further amended, restated, supplemented or otherwise modified from time to time, the &#147;<u>Series&nbsp;A Notes</u>&#148;); (ii)&nbsp;$45,000,000 aggregate principal amount of its 4.13% Senior Notes, Series&nbsp;B, due April&nbsp;14, 2023 (as in effect prior to giving effect to the Amendments, the &#147;<u>Existing Series&nbsp;B Notes</u>&#148;, and as amended by this Amendment and Waiver Agreement and as may be further amended, restated, supplemented or otherwise modified from time to time, the &#147;<u>Series&nbsp;B Notes</u>&#148;); and (iii)&nbsp;$45,000,000 aggregate principal amount of its 4.28% Senior Notes, Series&nbsp;C, due April&nbsp;16, 2025 (as in effect prior to giving effect to the Amendments, the &#147;<u>Existing Series&nbsp;C Notes</u>&#148;, and as amended by this Amendment and Waiver Agreement and as may be further amended, restated, supplemented or otherwise modified from time to time, the &#147;<u>Series&nbsp;C Notes</u>&#148;) (the Existing Series&nbsp;A Notes, the Existing Series&nbsp;B Notes and the Existing Series&nbsp;C Notes, collectively, the &#147;<u>Existing Notes</u>&#148;; the Series&nbsp;A Notes, the Series&nbsp;B Notes and the Series&nbsp;C Notes, collectively, the &#147;<u>Notes</u>&#148;).&#160; You are referred to herein individually as a &#147;<u>Holder</u>&#148; and collectively as the &#147;<u>Holders</u>.&#148;&#160; The Existing Note Purchase Agreement, as modified by this Second Amendment and Sixth Waiver to Note Purchase Agreement (this &#147;<u>Amendment and Waiver Agreement</u>&#148;) and as may be further amended, restated, supplemented or otherwise modified from time to time, is referred to herein as the &#147;<u