Document:

ex4-1.htm

    
      EXHIBIT
4.1

    

     

    
      
        
          
            GRANT
PARK FUTURES FUND

            LIMITED
PARTNERSHIP

             

            Written
Consent of the General Partner

             

            March
25, 2009

             

            Dearborn
Capital Management, L.L.C., an Illinois limited liability company (“Dearborn”),
as General Partner of Grant Park Futures Fund Limited Partnership, an Illinois
limited partnership (the “Partnership”),
does hereby consent and agree to the adoption of the following resolutions on
behalf of the Partnership:

             

            WHEREAS,
pursuant to Section 6.2 of the Third Amended and Restated Limited Partnership
Agreement of the Partnership (the “Limited
Partnership Agreement”), Dearborn, as General Partner of the Partnership,
has the power and authority, without limited partner approval, to issue units of
the Partnership in one or more classes from time to time as it deems necessary
or desirable, and has the exclusive power without the requirement of limited
partner approval to establish and designate such separate and distinct classes,
as provided in Section 6.3 of the Limited Partnership Agreement, and to fix and
determine the relative rights and preferences as between the units of the
separate classes of the Partnership relative to any
matter;

             

            WHEREAS,
Dearborn has deemed it to be in the best interest of the Partnership and its
limited partners that the Partnership offer and sell in a public offering (the
“Offering”)
up to an aggregate of $1,150,000,000 of the Partnership’s limited partnership
units, consisting of $200,000,000 of Legacy 1 Class units, $200,000,000 of
Legacy 2 Class units, $200,000,000 of Global Alternative Markets 1 (“GAM
1”) Class units, $200,000,000 of Global Alternative Markets 2 (“GAM
2”) Class units and $350,000,000 of Global Alternative Markets 3 (“GAM
3”) Class units (collectively, the “Units”);

             

            WHEREAS,
the Units shall have the rights and preferences as set forth and described in
the Partnership’s Registration Statement on Form S-1 (No. 333-153862) filed with
the Securities and Exchange Commission (the “SEC”),
as amended and supplemented from time-to-time (the “Registration
Statement”); and

             

            WHEREAS,
pursuant to Section 6.3 of the Limited Partnership Agreement, the establishment
and designation of each class of the Units shall be effective upon the execution
by Dearborn of this Written
Consent.

             

            NOW,
THEREFORE, BE IT RESOLVED, that pursuant to Sections 6.2 and 6.3 of the
Limited Partnership Agreement, Dearborn hereby authorizes the establishment and
designation of each class of the Units, with such
respective

             

             

            
              
                
                

              

              
                
                

                
                  

                

              

              
                
                

              

            

             

            rights
and preferences as set forth and described in the Registration Statement and
subject to the terms and conditions of the Limited Partnership
Agreement;

             

            FURTHER
RESOLVED, that upon receipt and acceptance by Dearborn of a capital
contribution for the Units and the issuance of such Units on the terms and
conditions as set forth in the Registration Statement and the Limited
Partnership Agreement, such Units shall be deemed duly authorized, fully paid
and nonassessable issued and outstanding units of the
Partnership;

             

            FURTHER
RESOLVED, that each of appropriate officers and managers (each such
person being hereinafter referred to as a “Designated
Person”) of Dearborn is hereby authorized, empowered and directed, in the
Partnership’s name and on its behalf, to execute, deliver and file (for record
or otherwise) such instruments and documents and take all such other actions, as
he or she deems necessary or advisable to carry out the intent of the above
resolutions and the transactions contemplated thereby, the execution of any such
instruments or documents and the taking of any such action to be conclusive
evidence of him or her having so
deemed;

             

            FURTHER
RESOLVED, that all acts, transactions or agreements by each Designated
Person, whether heretofore or hereafter done or performed in connection with or
in the furtherance of the transactions contemplated by the above resolutions, be
and hereby are in all respects authorized, approved, ratified, confirmed and
adopted by the Partnership and Dearborn;
and

             

            FURTHER
RESOLVED that pursuant to Section 6.3 of the Limited Partnership
Agreement, the approval and execution of this Written Consent by Dearborn shall
constitute an amendment to the Limited Partnership
Agreement.

             

            [Signature
Page Follows]

             

             

            
              
                
                

              

              
                2

                
                  

                

              

              
                
                

              

            

             

            
              -
Signature Page to General Partner’s
Consent-

            

             

            This
consent is made pursuant to the provisions of the Limited Partnership Agreement,
including Section 6.3 thereunder, and shall be effective as of the date
hereof.  A facsimile or electronic mail copy of a signature page shall
be deemed an original for all purposes.  This consent may be executed
in two or more counterparts, each of which shall be deemed an original but all
of which shall together constitute one and the same document, and shall be filed
with the minutes of proceedings in the Partnership’s minute book.

             

            Dated as
of the date written above.

             

             

            
              
                
                  
                    
                      	 	
                              GRANT
      PARK FUTURES FUND LIMITED PARTNERSHIP

                            	 
	 	 	 	 
	
                               

                            	
                              By:
      

                            	DEARBORN CAPITAL
      MANAGEMENT, L.L.C., 

                              its
      General Partner

                               

                            	 
	 	 By:
      	
                              Dearborn Capital Management, Ltd.,
its
      Managing
      Member

                               

                            	 

                    

                  

                

              

            

            
              
                
                  
                    
                      
                        
                          	
                                   

                                	
                                  By:
      

                                	/s/David
      M. Kavanagh	 
	 	 	
                                  David M.
      Kavanagh,

                                    its
      President

                                  

                                	 

                        

                      

                    

                  

                

              

            

            

               

              
                
                  
                  

                

                
                  3exh10_31.htm

    
      
 Exhibit
10.31

      
         

      

      

      March 3,
2009

      

      PHC, Inc.
d/b/a Pioneer Behavioral Health

      Pivotal
Research Centers, Inc.

      Pivotal
Research Centers, LLC

      200 Lake
Street, Suite 102

      Peabody,
MA 01960

      Attention:  Bruce
A. Shear, President

      Telecopy:  (978)
536-2677

      

      Re:           Asset
Purchase Agreement (the “Agreement”) dated as
of January 12, 2009, by and among Premier Research International, LLC, a
Delaware limited liability company (“Premier”), Premier
Research Arizona, LLC, a Delaware limited liability company and the wholly-owned
subsidiary of Premier (the “Purchaser”), Pivotal
Research Centers, Inc., a Delaware corporation (“PRC Inc.”), Pivotal
Research Centers, LLC, an Arizona limited liability company (“PRC LLC,” and
together with PRC Inc., the “Sellers”), and PHC,
Inc., a Massachusetts corporation d/b/a Pioneer Behavioral Health and the parent
entity of the Sellers (the “Parent”); First
Amendment of the Agreement

      

      Ladies
and Gentlemen:

      

      This
letter agreement documents the amendment of the Agreement with respect to the
matters set forth herein.  Capitalized terms used herein and not
otherwise defined shall have the meanings assigned to them in the
Agreement.

      

      1.           Outside Closing Date;
Effective Date.

      

      (a)           The
parties hereto agree that the February 28, 2009 Outside Closing Date set forth
in Section 7.5(c) hereby is replaced with “March 13, 2009.”

      

      (b)           Notwithstanding
the extension of the Outside Closing Date as set forth in Section 1(a) above,
the effective time for all purposes of the consummation of the Acquisition
hereby is amended by deleting the last sentence of Section 2.1 of the Agreement
and replacing the same with the following:

      

      “The
effective time for all purposes of the consummation of the Acquisition shall be
12:01 a.m. (Phoenix, Arizona time) on February 28, 2009.”

      

      2.           Additional
Payment.  In consideration for, among other things, Parent and
the Sellers’ agreeing to replace the Outside Closing Date as set forth in
Section 1(a) of this letter agreement, and in addition to any other amounts owed
under the Agreement, the Purchaser shall pay a non-refundable $200,000 deposit
to the Sellers by wire transfer, to the Sellers’ account set forth in the
Agreement, by 11AM EST on March 4, 2009.  At the Closing, such deposit
shall be credited against the Closing Purchase Price.

      

      Except as
specifically set forth herein, the terms of the Agreement shall not otherwise be
modified, changed or amended, and the Agreement shall otherwise remain in full
force and effect in accordance with its terms.  This letter agreement
is limited as written and shall not be deemed to be a consent or waiver of any
other term or condition of the Agreement.  This letter agreement may
be executed in counterparts, each of which shall be deemed an original, and all
of which together shall be deemed one and the same agreement.

      

      
        
          
          

        

        
          33

          
            

          

        

        
          
          

        

      

      
        PHC, Inc.
d/b/a Pioneer Behavioral Health

        Pivotal
Research Centers, Inc.

        Pivotal
Research Centers, LLC

        Page 2

         

      

      Please
indicate your agreement to the terms of this letter agreement by signing the
duplicate copy of this letter agreement where indicated and returning a copy to
Bernard Gallagher, Chief Development Officer, via fax at +44(0) 1344458314, with
a copy to Carl J. Erhardt, Esq., Morris, Manning & Martin, LLP, via fax at
404-365-9532.

      

      

      Very
truly yours,

      

      “PREMIER”:

      

      PREMIER
RESEARCH INTERNATIONAL, LLC

      

      

      By: /s/ B.
Gallagher

      Name: B. Gallagher

      Title:   Chief
Development Officer

      

       

      “PURCHASER”:

      

      PREMIER
RESEARCH ARIZONA, LLC

      

                                      By: /s/ B.
Gallagher

      Name:
B. Gallagher

      Title:    Chief Development
Officer

      

       

      Acknowledged
and Agreed as Aforesaid,

      as of the
date first written above.

      

      PHC, INC.
d/b/a PIONEER BEHAVIORAL HEALTH

       

      
        By: /s/  Paula C,
Wurts

        Name:   Paula C.
Wurts

        Title:     CFO

      

       

      

      PIVOTAL
RESEARCH CENTERS, INC.

      

      

      
        By: /s/  Paula C,
Wurts

        Name:   Paula C.
Wurts

        Title:     CFO

      

      
 

      PIVOTAL
RESEARCH CENTERS, LLC

      By: /s/  Paula C,
Wurts

      Name:   Paula C.
Wurts

      Title:     CFO

      

      

34

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