0000950117-99-000767 Sample Contracts

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Purchase Agreement • April 14th, 1999 • National Propane Partners Lp • Retail-retail stores, nec • Delaware
NATIONAL PROPANE CORPORATION IES TOWER 200 FIRST STREET, S.E., SUITE 1700 CEDAR RAPIDS, IOWA 52401 ---------------------------------------------------- June 6, 1996 Mr. Ronald D. Paliughi National Propane Corporation IES Tower 200 First Street, S.E.,...
National Propane Partners Lp • April 14th, 1999 • Retail-retail stores, nec

June 6, 1996 Mr. Ronald D. Paliughi National Propane Corporation IES Tower 200 First Street, S.E., Suite 1700 Cedar Rapids, Iowa 52401 Dear Ron: Reference is made to the employment agreement dated as of April 24, 1993, as amended (the 'Employment Agreement') between you and National Propane Corporation. As we have agreed, in lieu of the provisions of the second sentence of Article I, Section 2 of the Employment Agreement, the Term (as defined in the Employment Agreement) shall be extended to January 2, 1998 and the provisions of such second sentence shall be deleted from the Employment Agreement and shall be of no further force and effect. In addition, the base salary payable to you under the Employment Agreement shall be increased to $300,000 per annum, effective June 15, 1996. Except as provided for herein, the Employment Agreement shall remain in full force and effect. If you are in agreement with the foregoing, please sign this letter in the space provided below. Very truly yours,

April 5, 1999
National Propane Partners Lp • April 14th, 1999 • Retail-retail stores, nec • Delaware

As you are aware, Columbia Propane L.P. (the "Purchaser") has agreed to purchase all the outstanding units of National Propane Partners, L.P. and substantially all the outstanding units of National Propane, L.P. (after such purchase, the "Purchaser OLP") upon the terms and subject to the conditions set forth in the Purchase Agreement dated as of April 5, 1999 among the Purchaser, CP Holdings, Inc. ("Purchaser General Partner"), Columbia Propane Corporation ("Purchaser Holdings"), National Propane Partners, L.P., National Propane Corporation (the "National MGP"), National Propane SGP, Inc. and Triarc Companies, Inc. (the "Agreement"). Columbia Energy Group (the "Guarantor") is the parent of Purchaser General Partner and Purchaser Holdings.

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