Ctg Resources Inc Watch

from 10-Q ~20 pages Connecticut Development Authority and the Energy Network, Inc. Loan Agreement Dated as of January 1, 2000 Connecticut Development Authority $4,300,000 Industrial Revenue Variable Rate Demand Bonds

from 10-Q ~5 pages Irrevocable Direct Pay Letter of Credit No. Cs1128277 Date of Issue: January 14, 1999

from 10-Q ~5 pages February 14 2000 Mr. James P. Bolduc Chief Financial Officer Connecticut Natural Gas 100 Columbus Boulevard Hartford, Ct 06144 Dear Jim: I Am Pleased to Inform You That Fleet National Bank (Fleet) Has Approved a Line of Credit for $15,000,000.00 to Connecticut Natural Gas Under the Following Terms and Conditions: Borrower: Connecticut Natural Gas Maximum Amount: $15,000,000.00 (Fifteen Million U.S. Dollars). Availability: From March 1, 2000 Through September 30, 2000, Availability Will Be $10,000,000.00 (Ten Million U.S. Dollars) and From October 1, 2000 Through Maturity, Availability Will Be Increased to $15,000,000.00 (Fifteen Million U.S. Dollars). Facility: Line of Credit Purpose: Short Term and Seasonal Working Capital Maturity: February 9, 2001 Interest: Prime Rate as Posted by Fleet From Time to Time or at a Money Market Rate to Be Agreed Upon at the Time of Each Borrowing. Fee: The Facility Will Be Compensated by a Fee Equal to 1/5 of 1% Per Annum on the Total Available Commitment Payable Quarterly in Arrears; and a Processing Fee of $1,500.00 Payable at Closing. Availability: The Availability of This Facility Is Predicated Upon Normal Banking Conditions, and the Absence of Events That Would Materially and Adversely Affect Connecticut Natural Gas. Financial 1) Annual Audited Statements and Form 10k Within 90 Days of Year Statement End. Requirements: 2) Quarterly Review/Direct Financial Statements and Form 10q Within 60 Days of Quarter End

from 10-Q ~5 pages Amended and Restated 364-Day Revolving Credit Note $10,000,000.00 September 29, 1999

from 10-Q 1 page Tenth Amendment to Connecticut Natural Gas Corporation Union Employee Savings Plan the Connecticut Natural Gas Corporation Union Employee Savings Plan Is Hereby Amended as Follows: 1. the Following New Subparagraph (F) Is Added to Section 15.01: "(F) Notwithstanding Any Other Provision of the Plan to the Contrary, in the Event That Connecticut Natural Gas Corporation, Ctg Resources, Inc., the Energy Network, Inc., the Hartford Steam Company, or Any Affiliate of Any Such Corporations, Shall Acquire Any Other Trade or Business (Or Portion Thereof) Through Asset or Stock Acquisition, Merger, or Similar Transaction, and if in Connection With or Pursuant to the Terms of Any Such Transaction It Is Necessary or Appropriate for This Plan to Be Amended for Any Reason (Such As, for Example, in Order to Provide Prior Service Credit for Vesting Purposes), Then Any Such Amendment May Be Made by the President of Connecticut Natural Gas Corporation. the Board of Directors Hereby Delegates to the President the Authority to Make Any Such Amendment or Amendments to the Plan for Such Purpose, Without Further Action by the Board. Any Such Amendment May Take the Form of an Amendment to One or More Provisions of the Plan; One or More Schedules or Appendices to Be Attached to the Plan and Form a Part of the Plan; a Combination of the Foregoing; or Such Other Form as the President Determines to Be Appropriate. the Board of Directors May Terminate This Delegation of Authority at Any Time." 2. Except as Hereinabove Modified and Amended, the Amended and Restated Plan (As Amended) Shall Remain in Full Force and Effect. in Witness Whereof, the Company Hereby Executes This Tenth Amendment This 24th Day of November, 1998. Connecticut Natural Gas Corporation Janice Rawlins by S/ Jean S. McCarthy Witness Its Avp Human Resources<page>

from 10-Q 1 page Tenth Amendment to Connecticut Natural Gas Corporation Employee Savings Plan the Connecticut Natural Gas Corporation Employee Savings Plan Is Hereby Amended as Follows: 1. the Following New Subparagraph (F) Is Added to Section 15.01: "(F) Notwithstanding Any Other Provision of the Plan to the Contrary, in the Event That Connecticut Natural Gas Corporation, Ctg Resources, Inc., the Energy Network, Inc., the Hartford Steam Company, or Any Affiliate of Any Such Corporations, Shall Acquire Any Other Trade or Business (Or Portion Thereof) Through Asset or Stock Acquisition, Merger, or Similar Transaction, and if in Connection With or Pursuant to the Terms of Any Such Transaction It Is Necessary or Appropriate for This Plan to Be Amended for Any Reason (Such As, for Example, in Order to Provide Prior Service Credit for Vesting Purposes), Then Any Such Amendment May Be Made by the President of Connecticut Natural Gas Corporation. the Board of Directors Hereby Delegates to the President the Authority to Make Any Such Amendment or Amendments to the Plan for Such Purpose, Without Further Action by the Board. Any Such Amendment May Take the Form of an Amendment to One or More Provisions of the Plan; One or More Schedules or Appendices to Be Attached to the Plan and Form a Part of the Plan; a Combination of the Foregoing; or Such Other Form as the President Determines to Be Appropriate. the Board of Directors May Terminate This Delegation of Authority at Any Time." 2. Except as Hereinabove Modified and Amended, the Amended and Restated Plan (As Amended) Shall Remain in Full Force and Effect. in Witness Whereof, the Company Hereby Executes This Tenth Amendment This 24th Day of November, 1998. Connecticut Natural Gas Corporation Janice Rawlins by S/ Jean S. McCarthy Witness Its Avp Human Resources<page>