FIRST AMENDMENT TO AGREEMENT AND PLAN OF MERGER
EXHIBIT 2.5
FIRST AMENDMENT
TO
THIS FIRST AMENDMENT TO AGREEMENT AND PLAN OF MERGER (“Amendment”) is entered into as
of this 4th day of January, 2010 (the “Effective Date”), by and among XXXXXXX X. XXXXXXX,
TRUSTEE, an Ohio resident (“RMO”), XXXXXXX XXXXXX (“Xxxxxx”), XXXXXXX X. XXXX
(“Xxxx”), XXXXX XXXXXX (“Xxxxxx”), and XXXXXX X. XXXXX (“Xxxxx”) (RMO,
Xxxxxx, Xxxx, Xxxxxx and Xxxxx are hereinafter collectively referred to as “Shareholders”),
LIGHTNING PIPELINE CO., INC., an Ohio corporation (“Lightning”), GREAT PLAINS NATURAL GAS
COMPANY, an Ohio corporation (“Great Plains”), and XXXXXXXX GAS CORP., an Ohio corporation
(“BGC”), (Lightning, Great Plains and BGC shall be collectively referred to as the
“Companies” and each to be sometimes referred to as a “Company”), LIGHTNING
PIPELINE ACQUISITION INC., GREAT PLAINS ACQUISITION INC. and XXXXXXXX ACQUISITION INC. (each an
“Acquisition Sub” and collectively, the “Acquisition Subs”) and ENERGY, INC., a
corporation incorporated under the laws of the State of Montana, USA (“Parent”).
RECITALS
A. On June 29, 2009, Shareholders, the Companies and Parent entered into an Agreement and Plan
of Merger whereby a “to-be-formed” acquisition subsidiary of Parent will merge with and into each
of Lightning, Great Plains and Xxxxxxxx, with Lightning, Great Plains and BGC surviving the merger
(the “Merger Agreement”).
B. On August 3, 2009, Energy West, Incorporated (“Energy West”), the original “Parent”
under the terms of the Merger Agreement, completed a holding company reorganization whereby Energy
West became a wholly-owned operating subsidiary of Energy, Inc. (collectively, the “Holding
Company Reorganization”), and Energy West subsequently entered an Assignment and Assumption
Agreement whereby all of Energy West’s rights (and liabilities) under the Merger Agreement were
assigned to (and assumed by) Energy, Inc., making Energy, Inc. the “Parent” for purposes of
the Merger Agreement and this Amendment.
C. The Acquisition Subs had not been formed at the time the Merger Agreement was originally
executed.
D. The Acquisition Subs have now been formed and have taken all necessary corporate action to
approve the Merger Agreement.
E. The parties hereto desire to amend the Merger Agreement to add the Acquisition Subs as
parties and signatories to same.
NOW, THEREFORE, in consideration of the promises and the mutual covenants herein contained and
for other good and valuable consideration, the receipt and sufficiency of which is hereby
acknowledged, the parties hereby agree as follows:
AGREEMENT
1. By signing this Amendment, the Acquisition Subs will become parties to the Merger Agreement
and all references in the Merger Agreement to the “Acquisition Subs” shall be deemed to
collectively refer to Lightning Pipeline Acquisition Inc., Great Plains Acquisition Inc. and
Xxxxxxxx Acquisition Inc., each an Ohio corporation. The Acquisition Sub referred to (a) in
Section 2.1(a) of the Merger Agreement shall refer to Lightning Pipeline Acquisition, Inc., (b) in
Section 2.1(b) of the Merger Agreement shall refer to Great Plains Acquisition Inc., and (c) in
Section 2.1(c) of the Merger Agreement shall refer to Xxxxxxxx Acquisition Inc.
2. This Amendment shall be governed by and construed in accordance with the laws of the State
of Ohio, without regards to the principles of conflicts of laws thereof.
3. This Amendment may be executed in any number of counterparts, and each such counterpart
shall for all purposes be deemed an original, and all such counterparts shall together constitute
but one and the same Amendment.
4. This Amendment is made effective as of the Effective date hereof.
5. All other provisions of the Merger Agreement not modified hereby shall remain in full force
and effect.
<Signatures to Immediately Follow>
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IN WITNESS WHEREOF, the parties hereto have executed this Amendment, or caused this Amendment to be
duly executed by their respective authorized officers, as of the day and year first above written.
Shareholders:
|
Parent: | |||
/s/ Xxxxxxx X. Xxxxxxx
|
ENERGY, INC., a Montana corporation | |||
| /s/ Xxxxx X. Xxxxxxxxxx | ||||
| Xxxxx X. Xxxxxxxxxx, President and COO | ||||
/s/ Xxxxxxx Xxxxxx
|
||||
| Acquisition Subs: | ||||
/s/ Xxxxxxx X. Xxxx
|
LIGHTNING PIPELINE ACQUISITION INC., an Ohio corporation | |||
/s/ Xxxxx Xxxxxx
|
/s/ Xxxxx X. Xxxxxxxxxx | |||
Xxxxx Xxxxxx
|
Xxxxx X. Xxxxxxxxxx, President | |||
/s/ Xxxxxx X. Xxxxx
|
GREAT PLAINS ACQUISITION INC., an Ohio corporation | |||
The Companies:
|
/s/ Xxxxx X. Xxxxxxxxxx | |||
| Xxxxx X. Xxxxxxxxxx, President | ||||
LIGHTNING PIPELINE COMPANY, INC., an
Ohio corporation |
||||
/s/ Xxxxxxx X. Xxxxxxx |
XXXXXXXX ACQUISITION INC., an Ohio corporation | |||
| /s/ Xxxxx X. Xxxxxxxxxx | ||||
| Xxxxx X. Xxxxxxxxxx, President | ||||
GREAT PLAINS NATURAL GAS COMPANY, an Ohio corporation |
||||
/s/ Xxxxxxx X. Xxxxxxx |
||||
XXXXXXXX GAS CORP., an Ohio corporation |
||||
/s/ Xxxxxxx X. Xxxxxxx |
||||
First Amendment to Agreement and Plan of Merger
Signature Page
Signature Page
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