Renegy Holdings Inc.Renegy Holdings, Inc. • February 13th, 2008 • Engines & turbines
The purpose of this letter is to outline our understanding regarding your commitment and obligations under your agreements with Renegy Holdings Inc. ( the “Company”) relating to the payment of Project Costs ( as defined in the Credit Agreement dated as of September 1, 2006, as amended, by and among Renegy, LLC, Renegy Trucking, LLC, Snowflake White Mountain Power, LLC, CoBank, ACB, as Administrative Agent and Collateral Agent, the LC Issuer as defined therein, and the Lenders party thereto (the “Credit Agreement”), and as further defined in the Overrun Guaranty dated as of October 1, 2007 by and between you and the Company (the “Overrun Guaranty”)) and the provision of working capital to the Company. As you know, the Special Committee of the Board of Directors (the “Committee”) and the independent members of the Board of Directors have spent a substantial amount of time on the issues related to the Project Costs.
SCR-Tech Sale and Share Ownership Reconciliation AgreementShare Ownership Reconciliation Agreement • February 13th, 2008 • Renegy Holdings, Inc. • Engines & turbines • Delaware
This SCR-Tech Sale and Share Ownership Reconciliation (this “Agreement”) is entered into effective February 12, 2008 (the “Effective Date”) between The Robert M. Worsley and Christi M. Worsley Revocable Trust (“Stockholder”) and Renegy Holdings, Inc. (“Renegy”) (each a “Party” and together, the “Parties”).
REVOLVING CREDIT AGREEMENTRevolving Credit Agreement • February 13th, 2008 • Renegy Holdings, Inc. • Engines & turbines • Delaware
THIS REVOLVING CREDIT AGREEMENT (this “Agreement”) is made as of February 12, 2008, by and among RENEGY HOLDINGS, INC., a Delaware corporation (“Borrower”), ROBERT M. WORSLEY, an Arizona resident, CHRISTI M. WORSLEY, an Arizona resident and the Robert M. Worsley and Christi M. Worsley Revocable Trust (together with Christi M. Worsley and Robert M. Worsley, “Lender”).
