AMENDMENT TO WARRANT PURCHASE AGREEMENT AND STOCK PURCHASE WARRANT

Contract Categories: Business Finance - Warrant Agreements
EX-10.1 2 v054077_ex10-1.htm
AMENDMENT TO
WARRANT PURCHASE AGREEMENT AND
STOCK PURCHASE WARRANT


This Amendment, effective as of September 28, 2006, amends the terms of the Warrant Purchase Agreement by and between Streicher Mobile Fueling, Inc., a Florida corporation (the “Company”), and the undersigned Purchasers dated June 30, 2006 (the “Agreement”) and of the Stock Purchase Warrants issued in connection with the Agreement (the “Warrants”).

WITNESSETH:

WHEREAS, the Company and the Purchasers entered into the Agreement pursuant to which the Warrants were issued to the Purchasers, and the Warrants by their terms expire on September 28, 2006, unless sooner exercised (the “Exercise Period”); and

WHEREAS, the Company and the Purchasers wish now to extend the Exercise Period for the Warrants to November 30, 2006 and to correspondingly extend the suspension of the Company’s obligation to make principal payments on the Notes (as that term is defined in the Agreement).

NOW, THEREFORE, in consideration of the mutual covenants and agreements contained in the Warrants and the Agreement and hereinafter set forth, the parties hereto hereby alter, modify and amend the Warrants and the Agreement as follows.

1.  The Exercise Period for each of the Warrants is hereby extended to November 30, 2006.

2.  If and to the extent that the Warrants are not exercised and expire, the suspended principal payments for the Notes will be paid at the time of the next scheduled principal payments on February 28, 2007.

3.  Except as expressly stated in this Amendment, the terms and conditions of the Warrants and the Agreement shall remain in all respects unchanged.


 
 
 

 

IN WITNESS WHEREOF, the parties hereto have caused these Amendments to be duly executed as of the date first above set forth.

THE COMPANY:

STREICHER MOBILE FUELING, INC.


By: /s/Richard E. Gathright                                     
Richard E. Gathright, President and CEO

PURCHASERS:

TRIAGE CAPITAL MANAGEMENT, L.P.


By: /s/Leon Frenkel                                                 
Name:  Leon Frankel                                                
Title: Senior Manager                                              
 
TRIAGE CAPITAL MANAGEMENT B, L.P.


By: /s/Leon Frenkel                                                 
Name:  /s/Leon Frenkel                                           
Title: Senior Manager                                              





[Signatures to that certain Amendment to Warrant Purchase Agreement and Stock Purchase Warrant effective as of September 28, 2006]