Document:

ASSETS MANAGEMENT AGREEMENT

 

This Agreement is made this 5th day of January 2004 by and between:

 

	
            1.
 	
            
Royal Capital Management, Inc., a U.S. Corporation incorporated in the state of
New Jersey, registered at 325 Flower Lane,
Morganville, NJ 07751, in the person of President
Yan Rusanov (hereinafter referred to “Royal Capital”); and
 

 

	
            2.
 	
            
City Mix L.L.C., a company incorporated under the laws of the United Arab
Emirates having its registered office at P.O. Box 47427, Abu Dhabi, UAE, in the
person of General Manager A. Kharlanov (hereinafter referred to “City
Mix”).
 

 

WHEREAS:

	
            A.
 	
            
City Mix carries out business in the Emirate of Abu Dhabi under the trading name
of City Mix LLC and holds the Licenses; and
 

 

	
            B.
 	
            
Pursuant to Assets for Equity Exchange Agreement of October 01, 2003 and
Memorandum of Closing of December 17, 2003 both signed between Royal Capital and
City Mix Management Co., Inc., Royal Capital assumed ownership of 49% shares of
City Mix’s stock and the rights to manage freely, with the right of veto,
other 51% shares, as well as the rights for full and exclusive rights to control
and manage the whole assets and business of City Mix effective from December 17,
2003; and 
 

 

	
            C.
 	
            
Royal Capital and City Mix wish to regulate their relationship with regard to
Royal Capital’s management of the assets and business of City Mix for the
purposes of effective management, control and operation of the assets and
business in the interest of both Parties
 

 

Now therefore, the Parties have agreed as follows: 

	
            1.
 	
            In this Agreement
 

 

	
            a.
 	
            
The Agreement” or this Agreement” means the Agreement together with
such amendments and additions thereto as may be approved in writing by the
Parties.
 

 

	
            b.
 	
            
Business” means the business of carrying out production and supply of ready
mix concrete and import of all materials and equipment required for the same
under the trading name of City Mix LLC under the Licenses in the Emirate of Abu
Dhabi as at the Execution Date, as well as any other businesses of City Mix,
which may be developed in the course of its activities.
 

 

	
            c.
 	
            
Execution Date” means January 05, 2004, which shall be the date on which
this Agreement is signed and becomes effective.
 

 

	
            d.
 	
            
Licenses” means the professional license issued to City Mix by the Abu
Dhabi Municipality in relation to the Business, the commercial registration
certificate and the chamber of commerce and industry certificate.
 

 

 

1

 

 

 

	
            e.
 	
            
Shareholders Agreement” means the Shareholders Agreement of City Mix signed
on 26/11/2000 in Abu Dhabi.
 

 

	
            f.
 	
            
“Sponsor” means the UAE partner of Royal Capital in City Mix.
 

 

	
            g.
 	
            
Termination
Date” means the date on which this Agreement terminates for whatsoever reason.
“Territory” means the Emirate of Abu Dhabi, UAE.
 

 

	
            2.
 	
            Subject of the Agreement
 

 

The Parties hereby agree that Royal Capital shall carry out the control and management of the Business in the capacity of the Manager and City Mix shall execute in practice all decisions made by Royal Capital with regard to the control and management of the Business pursuant to the provisions of this Agreement.

 

 

	
            3.
 	
            Management and Control of the Business
 

 

Royal Capital in its capacity as the Manager of the Business shall with effect from the Execution date and for so long as this Agreement remains in full force and effect carry out and be responsible for full day to day management and control of operation of the Business.

	
            4.
 	
            Management Fee
 

 

	
            4.1 
 	
            In consideration of the services, which are to be provided to the Business by Royal Capital pursuant to the provisions of this Agreement, and for so long as this Agreement remains in full force and effect Royal Capital shall receive management fees as per invoices, which shall be issued by Royal Capital to City Mix hereunder.
 

 

	
            4.2
 	
            Settlements with the Sponsor subject to the Shareholders Agreement shall be the sole responsibility of City Mix and shall not be part of this Agreement.
 

 

 

	
            5.
 	
            Royal Capital’s Obligations
 

 

Subject to the provisions of this Agreement and for so long as this Agreement remains in full force and effect Royal Capital shall carry out and be responsible for management and control of operation of the Business in relation to all day-to day and long-term aspects of City Mix’s activities in order to ensure:-

 

(a)            the most effective functioning and development of the Business, including (but not limited to) raising of funds for the Business, supplying necessary equipment, establishment and development of internal control and accounting systems, legal support for the Business, etc.;

 

(b)        the highest quality of production techniques, products and services of the Business to local and international standards, as well as environment-friendly operation

of the Business.

 

2

 

 

 

 

	
            6.
 	
            City Mix’s Obligations
 

 

Subject to the provisions of this Agreement and for so long as this Agreement remains in full force and effect City Mix shall:-

(a)            immediately take necessary actions to execute all decisions and instructions of Royal Capital related to the management and control of the Business;

 

(b)           promptly inform Royal Capital about actions taken, as well as day to day development of the Business in the Territory;

 

(c)            establish, maintain and carry out contractual and administrative work, accounting and internal control system to meet necessary requirements;

 

(d)               maintain and carry out relationship with relevant federal and municipal authorities of Abu Dhabi and local partner (sponsor) in such a way that all the decisions made by Royal Capital in connection with the management and control of the Business are effectively implemented in practice in and outside the Territory.

 

 

	
            7.
 	
            Duration and Termination
 

 

	
            7.1
 	
            This Agreement shall come into force immediately on the Execution Date and shall continue in full force and effect for the duration of City Mix.
 

 

	
            7.2
 	
            This Agreement may be terminated:
 

 

	
            (a)
 	
            Forthwith by mutual agreement of both Parties.
 

 

(b)           Forthwith upon liquidation of either Party or termination of the Shareholders Agreement.

 

(c)            Upon any breach of the provisions hereunder by either Party, which have incurred losses and damages for the other Party, provided that such a breach is not the result of force majeure.

 

(d)           In the event the UAE laws have been amended in such a way that the relationship of the Parties hereunder becomes impossible or unprofitable.

 

	
            7.3 
 	
            Should this Agreement is terminated howsoever, the Parties shall continue to fulfill their obligations hereunder in order to reach the final settlement with a minimum possible affect and damage to each other.
 

 

	
            8.
 	
            General
 

8.1              Any information of financial, commercial or any other nature related to the fulfillment by the parties hereto of their obligations hereunder, shall be regarded confidential and shall not be disclosed by either Party in any way whatsoever to any other parties whatsoever without the prior consent of the other of the Parties.

 

3

 

 

 

 

8.2           Neither of the Parties shall be liable for full or partial non-fulfillment of its obligations hereunder, if such is the result of the circumstances of force majeure.

 

 

8.3           Any disputes and differences between the Parties, which may arise from fulfillment of their obligations hereunder, shall be resolved by means of negotiations.

 

8.4           Any formal notices to be given hereunder shall be delivered by registered mail or facsimile to the Parties at the last known address.

 

	
            8.5
 	
            This Agreement shall be governed by the applicable laws of the Territory.
 

 

8.6           This Agreement is made in two original copies in English, one copy for each Party. Both texts shall have equal power.

SIGNATURES OF THE PARTIES

	
            Royal Capital Management Co., Inc.
 	
            City Mix L.L.C.
 

 

	Yan Rusanov
 President 	 Andrey Kharlanov General
 Manager

 

 

4EX-10.1

Exhibit 10.1

LIMITED WAIVER NO. 3 TO FINANCING AGREEMENT

LIMITED WAIVER NO. 3 TO FINANCING AGREEMENT, dated as of June 29, 2005 (this “Limited
Waiver”), among Milacron Inc., a Delaware corporation (“Milacron”), each subsidiary of
Milacron listed as a borrower or a guarantor on the signature pages thereto, the Lenders party
thereto, JPMorgan Chase Bank, National Association, as administrative agent and collateral agent
for the Lenders (in each such capacity, together with its successors in each such capacity, the
"Administrative Agent” and “Collateral Agent”, respectively).

W I T N E S S E T H:

WHEREAS, Milacron, certain subsidiaries of Milacron, the Lenders named therein, the Agents and
the other parties thereto have entered into that certain Financing Agreement dated as of June 10,
2004 (as amended, supplemented or otherwise modified from time to time, the “Financing
Agreement”; capitalized terms used herein but not otherwise defined herein shall have the
meanings given such terms in the Financing Agreement); and

WHEREAS, Milacron has requested that the Agents and the Lenders waive compliance with certain
provisions of Section 7.03(b) of the Financing Agreement and waive certain Defaults or Events of
Default that may have resulted from such noncompliance therewith, and the Lenders and the Agents
are willing to provide such waivers on the terms and subject to the conditions set forth herein.

NOW, THEREFORE, in consideration of the premises and the agreements herein contained, each of
the Loan Parties, the Lenders, and the Agents hereby agree as follows:

ARTICLE I

LIMITED WAIVER

Subject to the terms and conditions set forth herein, the Lenders hereby waive any
noncompliance by any Loan Party with Section 7.03(b) of the Financing Agreement with respect to the
cumulative Consolidated EBITDA requirement for the twelve complete calendar months ending on June
30, 2005, and any Default or Event of Default that may have resulted therefrom, in each case solely
as a result of any noncash charges arising from reserves recorded in accordance with GAAP in
connection with the Loan Parties’ captive insurance program with Milacron Assurance Ltd.

ARTICLE II

CONDITIONS TO CLOSING

This Limited Waiver shall become effective as of the date first written above upon the
satisfaction of the following conditions (such date, the “Waiver Effective Date”):

(a) Delivery of Limited Waiver. Each Loan Party shall have delivered a duly executed
counterpart of this Limited Waiver to the Agents.

(b) Officer’s Certificate. The Loan Parties shall have delivered to the Agents a
certificate of a duly authorized officer of each Loan Party dated the date of this Limited Waiver,
in form and substance satisfactory to the Agents, certifying that the representations and
warranties set forth in Section 3.3 hereof are true and correct as of such date.

(c) Consent of Required Lenders. The Agents shall have received in writing the
consent of the Required Lenders to enter into this Limited Waiver on behalf of the Required
Lenders.

(d) Waiver Fee. The Loan Parties shall have paid to the Administrative Agent, in
immediately available funds, for the pro rata account of each of the Lenders that are party hereto,
a nonrefundable waiver fee of $25,000.

(e) Agent Fees and Expenses. The Loan Parties shall have paid any and all fees
payable to any Agent under any fee letter executed in connection herewith and all reasonable,
out-of-pocket fees and expenses (including, without limitation, reasonable fees, costs, client
charges and expenses of counsel) incurred by the Agents arising from or relating to the
negotiation, preparation, execution, delivery, performance and administration of this Limited
Waiver and arising under or relating to the other Loan Documents to the extent invoiced and
presented to the Administrative Borrower on or prior to the Limited Waiver Effective Date.

ARTICLE III

MISCELLANEOUS

Section 3.1 Effect of Limited Waiver. Except as expressly set forth herein, this
Limited Waiver shall not by implication or otherwise limit, impair, constitute a waiver of, or
otherwise affect the rights and remedies of the Agents or any Lender under the Loan Documents, and
shall not alter, modify, amend or in any way affect any of the terms, conditions, obligations,
covenants or agreements contained in the Loan Documents, all of which are ratified and affirmed in
all respects and shall continue in full force and effect. Nothing herein shall be deemed to
entitle any Loan Party to a consent to, or a waiver, amendment, modification or other change of,
any of the terms, conditions, obligations, covenants or agreements contained in the Loan Documents
in similar or different circumstances. This Limited Waiver shall constitute a “Loan Document” for
all purposes of the Financing Agreement and all references to the Financing Agreement in any Loan
Document shall mean the Financing Agreement as modified hereby.

Section 3.2 No Representations by Lenders or Agent. Each Loan Party hereby
acknowledges that it has not relied on any representation, written or oral, express or implied, by
any Lender or any Agent, other than those expressly contained herein, in entering into this Limited
Waiver.

Section 3.3  Representations of the Loan Parties. Each Loan Party
represents and warrants to the Agents and the Lenders that (i) after giving effect to this Limited
Waiver, (a) the representations and warranties set forth in the Loan Documents are true and correct
in all respects on and as of the date hereof with the same effect as though made on the date
hereof, except to the extent that such representations and warranties expressly relate to an
earlier date and (b) no Default or Event of Default has occurred and is continuing and (ii) this
Limited Waiver has been duly executed and delivered by such Loan Party and the Financing Agreement,
as amended hereby, constitutes a legal, valid and binding obligation of such Loan Party,
enforceable against such Loan Party in accordance with its terms, except as may be limited by
applicable bankruptcy, insolvency, reorganization, moratorium or other similar laws affecting
creditors’ rights generally and subject to general principles of equity, regardless of whether
considered in a proceeding in equity or at law.

Section 3.4 Claims. Each Loan Party represents and warrants that it has no defenses,
offsets or counterclaims with respect to the indebtedness owed by the Borrowers to the Lenders,
other than in respect of deposits.

Section 3.5 Successors and Assigns. This Limited Waiver shall be binding upon the
parties hereto and their respective successors and permitted assigns and shall inure to the benefit
of the parties hereto and the successors and permitted assigns of the Lenders and the Agents.

Section 3.6 Headings. The headings and captions hereunder are for convenience only
and shall not affect the interpretation or construction of this Limited Waiver.

Section 3.7 Severability. The provisions of this Limited Waiver are intended to be
severable. If for any reason any provision of this Limited Waiver shall be held invalid or
unenforceable in whole or in part in any jurisdiction, such provision shall, as to such
jurisdiction, be ineffective to the extent of such invalidity or unenforceability without in any
manner affecting the validity or enforceability thereof in any other jurisdiction or the remaining
provisions hereof in any jurisdiction.

Section 3.8 Costs and Expenses. The Loan Parties agree to reimburse the Agents for
their reasonable out-of-pocket expenses in connection with this Limited Waiver, including the
reasonable fees, charges and disbursements of counsel for the Agents.

Section 3.9 Counterparts. This Limited Waiver may be executed in any number of
counterparts, all of which taken together shall constitute one and the same instrument, and any
party hereto may execute this Limited Waiver by signing any such counterpart. Delivery of an
executed counterpart of a signature page to this Limited Waiver by telecopier shall be effective as
delivery of a manually executed counterpart of this Limited Waiver.

Section 3.10 GOVERNING LAW. THE WHOLE OF THIS LIMITED WAIVER AND THE RIGHTS AND
OBLIGATIONS OF THE PARTIES HERETO SHALL BE GOVERNED, CONSTRUED AND INTERPRETED IN ACCORDANCE WITH
THE LAWS OF THE STATE OF NEW YORK APPLICABLE TO CONTRACTS MADE AND TO BE PERFORMED IN THE STATE OF
NEW YORK.

Section 3.11 JURISDICTION, VENUE AND SERVICE. EACH LOAN PARTY HEREBY IRREVOCABLY
CONSENTS AND SUBMITS TO THE NONEXCLUSIVE JURISDICTION AND VENUE OF ALL FEDERAL AND STATE COURTS
LOCATED IN THE COUNTY OF NEW YORK, STATE OF NEW YORK AND CONSENTS THAT ANY ORDER, PROCESS, NOTICE
OF MOTION OR OTHER APPLICATION TO OR BY ANY OF SAID COURTS OR A JUDGE THEREOF MAY BE SERVED WITHIN
OR WITHOUT SUCH COURT’S JURISDICTION BY REGISTERED MAIL OR BY PERSONAL SERVICE, PROVIDED A
REASONABLE TIME FOR APPEARANCE IS ALLOWED, IN CONNECTION WITH ANY ACTION OR PROCEEDING ARISING OUT
OF, UNDER OR RELATING TO THIS LIMITED WAIVER. AT THE OPTION OF THE AGENTS, UPON THE INSTRUCTIONS
OF THE REQUIRED LENDERS, ANY LOAN PARTY MAY BE JOINED IN ANY ACTION OR PROCEEDING COMMENCED BY THE
AGENTS OR THE LENDERS AGAINST ANY OTHER LOAN PARTY IN CONNECTION WITH OR BASED ON THIS LIMITED
WAIVER, AND RECOVERY MAY BE HAD AGAINST ANY LOAN PARTY IN SUCH ACTION OR PROCEEDING OR IN ANY
INDEPENDENT ACTION OR PROCEEDING AGAINST ANY LOAN PARTY, WITHOUT ANY REQUIREMENT THAT THE AGENTS OR
THE LENDERS FIRST ASSERT, PROSECUTE OR EXHAUST ANY REMEDY OR CLAIM AGAINST ANY OTHER LOAN PARTY.
EACH LOAN PARTY HEREBY IRREVOCABLY WAIVES (TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW) ANY
OBJECTION THAT IT MAY NOW OR HEREAFTER HAVE TO THE LAYING OF VENUE OF ANY SUIT, ACTION OR
PROCEEDING ARISING OUT OF, UNDER OR RELATING TO THIS LIMITED WAIVER BROUGHT IN ANY FEDERAL OR STATE
COURT LOCATED IN THE COUNTY OF NEW YORK, STATE OF NEW YORK, AND HEREBY FURTHER IRREVOCABLY WAIVES
(TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW) ANY CLAIM THAT ANY SUCH SUIT, ACTION OR
PROCEEDING BROUGHT IN ANY SUCH COURT HAS BEEN BROUGHT IN AN INCONVENIENT FORUM.

SECTION 3.12 WAIVER OF JURY TRIAL. EACH OF THE AGENTS, THE LENDERS AND
THE LOAN PARTIES HEREBY KNOWINGLY, VOLUNTARILY AND INTENTIONALLY WAIVES (TO THE FULLEST EXTENT
PERMITTED BY APPLICABLE LAW) ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY OF ANY DISPUTE ARISING UNDER
OR RELATING TO THIS LIMITED WAIVER, AND AGREES THAT ANY SUCH DISPUTE SHALL BE TRIED BEFORE A JUDGE
SITTING WITHOUT A JURY. IN ADDITION, EACH OF THE AGENTS, THE LENDERS AND THE LOAN PARTIES WAIVES
THE RIGHT TO INTERPOSE ANY DEFENSE BASED UPON ANY STATUTE OF LIMITATIONS OR ANY CLAIM OF LACHES AND
ANY SET-OFF OR COUNTER CLAIM OF ANY NATURE OR DESCRIPTION. EACH OF THE AGENTS, THE LENDERS AND THE
LOAN PARTIES ACKNOWLEDGES THAT THE FOREGOING WAIVERS ARE FREELY MADE.

* * *

1

 IN WITNESS WHEREOF, the undersigned have caused this Limited Waiver to be duly
executed and delivered as of the date first above written.

BORROWERS:

MILACRON INC.

By: /s/ R. P. Lienesch

Name: R. P. Lienesch

Title: Vice President — Finance and Chief Financial Officer

2

CIMCOOL INDUSTRIAL PRODUCTS INC.

D-M-E MANUFACTURING INC.

D-M-E U.S.A. INC.

MILACRON INDUSTRIAL PRODUCTS, INC.

MILACRON MARKETING COMPANY

MILACRON PLASTICS TECHNOLOGIES GROUP INC.

NICKERSON MACHINERY CHICAGO, INC.

NORTHERN SUPPLY COMPANY, INC.

OAK INTERNATIONAL, INC.

PLIERS INTERNATIONAL INC.

UNILOY MILACRON INC.

UNILOY MILACRON U.S.A. INC.

By: /s/ R. P. Lienesch

Name: R. P. Lienesch

Title: Vice President — Finance and Chief Financial Officer

3

GUARANTORS:

D-M-E COMPANY

By: /s/ R. P. Lienesch

Name: R. P. Lienesch

Title: Treasurer

4

MILACRON CAPITAL HOLDINGS B.V.

By: /s/ G. van Deventer

Name: G. van Deventer

Title: Managing Director

5

MILACRON INTERNATIONAL MARKETING COMPANY

By: /s/ R. P. Lienesch

Name: R. P. Lienesch

Title: Treasurer and Assistant Secretary

6

ADMINISTRATIVE AGENT AND COLLATERAL AGENT:

JPMORGAN CHASE BANK, NATIONAL ASSOCIATION, as Administrative Agent and Collateral Agent, on behalf
of the Required Lenders

By: /s/ James M. Barbato

Name: James M. Barbato

Title: Vice President

7

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