FIRST AMENDMENT TO REGISTRATION RIGHTS AGREEMENT
This First Amendment to Registration Rights Agreement (the "Amendment") is made
and entered into as of the 14th day of March, 2000, by and between Ferrellgas
Partners, L.P., a Delaware limited partnership (the "Issuer"), and Xxxxxxxx
Natural Gas Liquids, Inc., a Delaware corporation ("Xxxxxxxx").
WHEREAS, Issuer and Xxxxxxxx have entered into that certain Registration Rights
Agreement dated as of December 17, 1999 (the "Registration Rights Agreement");
WHEREAS, Issuer and Xxxxxxxx desire to amend the Registration Rights Agreement
as set forth in this Amendment; and
WHEREAS, pursuant to Section 9(d) of the Registration Rights Agreement, the
Registration Rights Agreement may be amended in writing by the Issuer and the
Holders (as defined in the Registration Rights Agreement) of not less than a
majority in aggregate number of the then outstanding Registrable Units (as
defined in the Registration Rights Agreement);
NOW, THEREFORE, in consideration of the premises and the respective
representations, warranties, covenants, agreements and conditions contained
herein, the parties hereto agree as follows:
ARTICLE I
AMENDMENTS TO THE REGISTRATION RIGHTS AGREEMENT
A. Amendment to Definition of "Effectiveness Target Date" in the Registration
Rights Agreement.
The reference in clause (iii) of the definition of "Effectiveness Target Date"
in the Registration Rights Agreement to "180 days" is hereby amended to be "240
days."
B. Amendment to Section 2(a)(iii) of the Registration Rights Agreement.
The reference in the first sentence of Section 2(a)(iii) of the Registration
Rights Agreement to "120 days" is hereby amended to be "180 days." The reference
in the first sentence of Section 2(a)(iii) of the Registration Rights Agreement
to "180 days" is hereby amended to be "240 days."
ARTICLE II
GENERAL PROVISIONS
A. Full Force and Effect.
Except as expressly amended hereby, the Registration Rights Agreement shall
continue in full force and effect in accordance with the provisions thereof on
the date hereof.
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B. Other Provisions.
Section 9 of the Registration Rights Agreement shall apply to this
Amendment and be incorporated herein with the same force and effect as if its
provisions were reprinted as part of this Amendment.
IN WITNESS WHEREOF, the parties have executed this Amendment to be effective
as of the first date stated above.
FERRELLGAS PARTNERS, L.P.
By: FERRELLGAS, INC.,
its general partner
By:________________________
Xxxxx X. Xxxx
Xx. Vice President
XXXXXXXX NATURAL GAS LIQUIDS, INC.
By:________________________
Xxx X. Xxxxxxxxxx
Vice President/Attorney-in-Fact