AMENDMENT TO DEFERRED COMPENSATION AGREEMENT
Amendment, dated as of October 1, 1996, to Deferred
Compensation Agreement dated as of November 30, 1993,
("Agreement") by and between Xxxxxx X. Xxxxxxxx ("Employee") and
ENERGYNORTH, INC. ("Company" or "ENI").
1. Recitals. The Employee and ENI are parties to the
Agreement, and each of them desires to amend the Agreement to
modify the rate of interest at which additional sums are credited
to the Deferred Compensation Account as defined in the Agreement.
2. Amendment. The Employee and ENI hereby agree to amend
Section 4(a)a. by deleting it in its entirety and replacing it
with the following:
a. ENI shall credit to the Deferred Compensation Account
at the end of each month during which any balance
remains in the Account, whether before or after
payments from the Account have commenced, an amount
which shall be the equivalent of interest on the
amounts credited to the Account throughout the previous
month computed at ENI's overall embedded cost of long-
term debt, plus 50 basis points, on the last day of the
preceding fiscal year of ENI; provided,however, the
rate shall not be less than nine percent (9%) or
greater than sixteen percent (16%).
3. Confirmation. Except as amended by this Amendment, the
provisions of the Agreement are ratified and confirmed and shall
remain in full force.
ENERGYNORTH, INC.
By:/s/ Xxxxxxxx X. Xxxxxxxx
Xxxxxxxx X. Xxxxxxxx,
duly authorized
EMPLOYEE
By:/s/ Xxxxxx X. Xxxxxxxx
Xxxxxx X. Xxxxxxxx
