FIRST AMENDMENT TO SECOND AMENDED AND RESTATED
AGREEMENT OF LIMITED PARTNERSHIP OF FERRELLGAS, L.P.
This First Amendment to Second Amended and Restated Agreement of Limited
Partnership of Ferrellgas, L.P. is executed effective as of June 5, 2000,
between Ferrellgas, Inc., the general partner of Ferrellgas, L.P. (the "General
Partner"), and Ferrellgas Partners, L.P., the sole limited partner of
Ferrellgas, L.P. (the "Limited Partner").
WHEREAS, Ferrellgas, L.P. (the "Partnership") is governed by the Second
Amended and Restated Agreement of Limited Partnership dated as of October 14,
1998 (the "Partnership Agreement"); and
WHEREAS, pursuant to Section 14.2 of the Partnership Agreement, the
General Partner and the Limited Partner desire to amend the Partnership
Agreement as set forth herein;
NOW, THEREFORE, in consideration of good and valuable consideration,
the sufficiency of which is hereby acknowledged, the General Partner and the
Limited Partner agree as follows:
1. The definition of "Percentage Interest" in Article II of the
Partnership Agreement is hereby amended in its entirety to be as
follows:
"Percentage Interest" means as of the date of such determination as to
any Partner, the percentage determined by dividing the amount of that
Partner's cumulative Capital Contributions to the Partnership by the
cumulative Capital Contributions of all Partners to the Partnership. As
of June 5, 2000, the Percentage Interest of the General Partner, in its
capacity as such, was 1.0101%, and the Percentage Interest of the
Limited Partner, was 98.9899%.
2. Section 4.3 of the Partnership Agreement is hereby amended in its
entirety to be as follows:
With the consent of the General Partner, the Limited Partner may, but
shall not be obligated to, make additional Capital Contributions to the
Partnership. Contemporaneously with the making of any such additional
Capital Contributions by the Limited Partner, the General Partner may
make an additional Capital Contribution to the Partnership in an amount
equal to 1.0204% of the additional Capital Contribution then made by
the Limited Partner. The General Partner may, at any time and from time
to time, make a Capital Contribution to the Partnership so that the
General Partner will have a Capital Account equal to no more than
1.0204% of the sum of the Capital Accounts of all Partners. Except as
set forth in Section 13.8, the General Partner shall not be obligated
to make any additional Capital Contributions to the Partnership.
IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the
date first written above.
FERRELLGAS, INC.
By:/s/Xxxxx X. Xxxxx
_____________________________
Xxxxx X. Xxxxx
Vice President and Chief Financial
Officer
FERRELLGAS PARTNERS, L.P.
By: Ferrellgas, Inc., as general partner
By:/s/ Xxxxx X. Xxxxx
______________________________
Xxxxx X. Xxxxx
Vice President and Chief Financial
Officer