Contract (March 9th, 2005)
EXHIBIT 10.1 EXECUTION COPY REPURCHASE AGREEMENT THIS REPURCHASE AGREEMENT (the "Agreement") is made and entered into by and between K-1 GHM, LLLP, a Delaware limited liability limited partnership ("K-1" or "Seller"), and SEMCO ENERGY, INC., a Michigan corporation ("Company" or "Purchaser"), to be effective this 8th day of March, 2005. Seller and Purchaser are sometimes hereinafter referred to together as the "Parties" and individually as a "Party." BACKGROUND: A. K-1 and the Company entered into that certain Securities Purchase Agreement dated as of March 19, 2004 (the "Securities Purchase Agreement"), whereby K-1 purchased from the Company (i) 50,000 shares of Company's 6% Series B Convertible Preference Stock, par value $1.00 per share (together with the additional 2,542.94 shares of 6% Series B Convertible Preference Stock paid to K-1 as
Securities Purchase Agreement (May 7th, 2004)
SECURITIES PURCHASE AGREEMENT (this "Agreement"), dated as of March 19, 2004, by and among SEMCO Energy, Inc., a Michigan corporation ("Company"), and each of the purchasers set forth on the signature pages hereto (the "Buyers").