Document:

Exhibit 10.1

FOURTH AMENDMENT TO

EMPLOYMENT AGREEMENT

This Fourth Amendment, made as of March 1, 2014, by and between Minerals Technologies Inc., a Delaware corporation (the "Employer") and Joseph C. Muscari (the "Executive").

WHEREAS, the Employer and the Executive previously entered into an employment agreement, dated November 27, 2006, which was subsequently amended by the First Amendment thereto, dated as of December 18, 2008, and the Second Amendment thereto, dated as of July 21, 2010 and the Third Amendment thereto, dated as of February 21, 2013 (as amended thereby, the "Employment Agreement"); and

WHEREAS, the Employer and the Executive now wish to amend the Employment Agreement to extend its expiration date and make certain other revisions in connection therewith.

NOW, THEREFORE, the Employer and the Executive hereby amend the Employment Agreement, effective March 1, 2014, as follows:

1.            The second sentence of Section 1(a) is hereby amended to read as follows:

For purposes of this Agreement, "Term" shall mean a period of eight (8) years beginning on the Commencement Date and ending on the day before the eighth anniversary thereof, but not earlier than March 1, 2015.

2.            Section 3 is hereby amended to add the following paragraph at the end thereof:

In addition, for a period of ten years following Executive's retirement, Employer shall, at its expense, make available to Executive office space at Employer's corporate offices, staff support of one administrative assistant, and such other secretarial and administrative assistance as reasonably requested by Executive.

IN WITNESS WHEREOF, the Employer and the Executive have executed and delivered this amendment effective as of the date shown above.

MINERALS TECHNOLOGIES INC.

By:  /s/  Thomas J. Meek                                                                                                3/10/14

      Thomas J. Meek                                                                                                             Date

      Senior Vice-President, General Counsel,

      Human Resources, Secretary and Chief

      Compliance Officer

Agreed to by:

/s/ Joseph C. Muscari                                                                                                              3/10/14

Joseph C. Muscari                                                                                                        Dateefc14-307_ex101.htm

Exhibit 10.1

 

AMENDMENT AGREEMENT

This amendment agreement (the “Amendment”) is dated March 3, 2014 and is made and entered into by and among:

THE UNDERSIGNED:

	
1.

	
TRANSTREND B.V., a limited liability company, incorporated under the laws of The Netherlands (the “Trading Advisor”);

	
2.

	
ML TRANSTREND DTP ENHANCED FUTURESACCESSSM LLC, a Delaware limited liability company (the “Fund”); and

	
3.

	
MERRILL LYNCH ALTERNATIVE INVESTMENTS LLC, a Delaware limited liability company (the “Manager”).

The Trading Advisor, the Fund and the Manager are hereinafter individually also referred to as “Party” and collectively as “Parties”.

WHEREAS, the Parties and ML Transtrend DTP Enhanced FuturesAccessSM Ltd., a Cayman Islands exempted company (the “Offshore Fund”) entered into that certain advisory agreement, dated as of March 20, 2007 (as amended through the date hereof, the “Agreement”), of which this Amendment shall form an inseparable part;

WHEREAS, the Offshore Fund was dissolved and stricken from the Cayman Islands General Registry effective December 31, 2008;

WHEREAS, the Parties wish to have Section 5 of the Agreement amended to reflect a decrease of the management fee percentage;

WHEREAS, the Parties wish to have Section 6(a) of the Agreement amended to reflect a decrease of the performance fee percentage;

WHEREAS, pursuant to Section 14 of the Agreement, the Agreement may not be amended except by a writing signed by the Parties; and

WHEREAS, the Parties desire to enter into this Amendment in order to amend the Agreement to reflect the aforementioned.

NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which is hereby confirmed, the Parties agree as follows:

  

  

  

	
1. 

	
Interpretation

Capitalized and other defined terms used in this Amendment and not otherwise expressly defined herein shall have the same respective meanings as set forth in the Agreement. In the event of any inconsistency between this Amendment and the Agreement, the terms of this Amendment shall prevail.

	
2. 

	
Amendments

	
2.1

	
With effect as of December 31, 2008, all references in the Agreement to the Offshore Fund shall be removed and the Offshore Fund shall no longer be a party to the Agreement.

 

	
2.2

	
With effect as of January 1, 2014, Section 6(a) of the Agreement, stating:

 

 

“The Fund shall pay to the Trading Advisor, as of each December 31 (“Incentive Fee Calculation Date”), an Incentive Fee equal to 25% of any New Trading Profit recognized by the Fund as of such Incentive Fee Calculation Date.”

 

is hereby deleted and replaced by a new Section 6(a) of the Agreement, reading as follows:

 

“The Fund shall pay to the Trading Advisor, as of each December 31 (“Incentive Fee Calculation Date”), an Incentive Fee equal to 22.5% of any New Trading Profit recognized by the Fund as of such Incentive Fee Calculation Date.”

 

	
2.3

	
With effect as of February 1, 2014, the first sentence of Section 5 of the Agreement, stating:

 

 

  “As of the last Business Day of each calendar month, the Fund shall pay the  Trading Advisor a Management Fee equal to 1/12 of 2.0% (a 2.0% annual rate) of the aggregate gross asset value (for the avoidance of doubt, prior to reduction for any accrued Incentive Fee or for the Management Fee being calculated) of the Fund.”

 

is hereby deleted and replaced by a new first sentence of Section 5 of the Agreement, reading as follows:

 

“As of the last Business Day of each calendar month, the Fund shall pay the Trading Advisor a Management Fee equal to 1/12 of 1.0% (a 1.0% annual rate) and pay the Manager a Management Fee equal to 1/12 of 0.50% (a 0.50% annual rate) of the aggregate gross asset value (for the avoidance of doubt, prior to reduction for any accrued Incentive Fee or for the Management Fees being calculated) of the Fund.”

 

AMENDMENT AGREEMENT

  

- 2 -

  

	
3. 

	
Representations

	
3.1

	
Each Party represents to the other Parties that this Amendment has been duly and validly executed, delivered and entered into by it and that this Amendment constitutes a valid and binding agreement of it enforceable against it in accordance with its terms.

	
3.2

	
Upon the effectiveness of this Amendment, the Parties hereby reaffirm all representations and warranties made in the Agreement as amended hereby, and certify that all such representations and warranties are true and correct in all respects on and as of the date hereof.

	
4. 

	
Full Force and Effect

Except as specifically amended by this Amendment, the Agreement is and shall remain in full force and effect and is hereby in all respect ratified and confirmed.

	
5. 

	
Counterparts; Valid Agreement

This Amendment may be executed by the Parties in one or more counterparts, each of which when so executed and delivered shall be deemed an original amendment agreement, and all of which together shall constitute one and the same instrument. This Amendment may be executed and delivered either in hard copy originals or in scanned copies which in either case shall constitute a valid amendment agreement among the Parties.

	
6. 

	
Governing Law

This Amendment shall be exclusively governed by, and construed in accordance with, the laws of the State of New York without regard to principles of conflicts of law.

IN WITNESS WHEREOF, the Parties have executed this Amendment on the respective dates as set forth below.

ML TRANSTREND DTP ENHANCED FUTURESACCESSSM LLC

By:   Merrill Lynch Alternative Investments LLC, its manager

	
 

	 	 	 	 
	

/s/ Ninon Marapachi

	 	 	
 

	 
	

Name:     Ninon Marapachi

	 	 	
 

	 
	

Title:       VP of MLAI

	 	 	
 

	 
	
Date:       March 7, 2014

	 	 	 	 
	
Place:      New York, NY

	 	 	 	 

 

AMENDMENT AGREEMENT

  

- 3 -

  

MERRILL LYNCH ALTERNATIVE INVESTMENTS LLC

	
 

	 	 	 	 
	

/s/ Ninon Marapachi

	 	 	
 

	 
	

Name:     Ninon Marapachi

	 	 	
 

	 
	

Title:       VP of MLAI

	 	 	
 

	 
	
Date:       March 7, 2014

	 	 	 	 
	
Place:      New York, NY

	 	 	 	 

 

TRANSTREND B.V.

	 	 	 	 	 
	
/s/ J.P.A. van den Broek

	 	 	
/s/ A.P. Honig

	 
	
Name:      J.P.A. van den Broek    

	 	 	
Name:    A.P. Honig

	 
	Title:        Managing Director  	 	 	Title:      Executive Director	 
	Date:        March 7, 2014 	 	 	Date:      March 7, 2014	 
	
Place:       Rotterdam, The Netherlands  

	 	 	
Place:     Rotterdam, The Netherlands

	 

 

 

 

 

 

 

 

 

 

AMENDMENT AGREEMENT

 

- 4 -EXHIBIT 10.1

FIELD POINT CAPITAL MANAGEMENT COMPANY
ONE LANDMARK SQUARE, SUITE 1900
STAMFORD, CT 06901

March 7, 2014

PASSUR Aerospace, Inc.
One Landmark Square, Suite 1900
Stamford, CT 06901

As Chairman of the Board as well as the principal shareholder of PASSUR
Aerospace, Inc. ("PASSUR Aerospace" or the "Company"), I make the following
commitment to the Company with respect to the period from the date of this
commitment through March 7, 2015.

LIQUIDITY

I commit that if the Company at any time is unable to meet its obligations
through March 7, 2015, that I will provide the necessary continuing financial
support to the Company to ensure the Company's ability to operate as a going
concern through the period ending March 7, 2015. Such continuing support may
take the form of additional loans or advances to PASSUR Aerospace in addition to
the deferral of principal and/or interest payments due on outstanding loans to
PASSUR Aerospace as referred to above.

These commitments are not conditional and are irrevocable through the period
ending March 7, 2015.

I, G.S. Beckwith Gilbert, having the financial wherewithal to enter into this
irrevocable commitment, make the above commitments to the Company and its
shareholders.

/s/ G.S. Beckwith Gilbert
--------------------------
G.S. Beckwith Gilbert
President

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