Document:

Exhibit 10.3

 

AMENDMENT TO TERMINALING SERVICES AGREEMENT

 

(September 7, 2016)

 

 

This Amendment to Terminaling Services Agreement
is made as of the 7th day of September, 2016 between Center Point Terminal Company, LLC, a Delaware limited liability company (“Terminal”),
and Apex Oil Company, Inc., a Missouri corporation (“Customer”).

 

 

RECITALS

 

A.    
Terminal and Customer are party to that certain Terminaling Services Agreement dated August 14, 2013, as amended (collectively,
the “Agreement”), which Agreement provides for the storage and handling of various petroleum products
as specified therein at the Terminal Facilities.

 

B.     
Terminal and Customer desire to amend the Agreement pursuant to the terms and conditions contained herein.

 

 

AGREEMENT

 

In consideration of the foregoing, the mutual
covenants herein contained and other good and valuable consideration (the receipt, adequacy and sufficiency of which are hereby
acknowledged by the parties by their execution hereof), the parties agree as follows:

 

1.      
Definitions. All capitalized terms not otherwise expressly defined herein shall have the respective meanings given
thereto in the Agreement.

 

2.      
Amendments.

 

2.1       Stipulated
Volumes. Schedule B of the Agreement shall be amended to increase the Stipulated Volume at the North Little Rock Terminal
Facility by 57,000 barrels effective September 7, 2016, as shown on the Amended Schedule B attached hereto and incorporated
herein by this reference.

 

3.       No
Other Modifications. Nothing contained herein in any way impairs the Agreement or alters, waives, annuls, varies or affects
any provision, condition or covenant therein, except as specifically set forth in this Amendment to the Agreement. All other terms
and provisions of the Agreement remain in full force and effect.

 

 

 

[Signature Page Immediately Follows]

 

    	 

     

    

 

IN WITNESS WHEREOF, the parties hereto have duly executed this
Agreement as of the date first written above.

 

 

CENTER POINT TERMINAL COMPANY, LLC

 

 

By:/s/ Ken Fenton                          

Name:
Ken Fenton

Title:
Executive Vice President

 

 

 

APEX OIL COMPANY, INC.

 

 

By:/s/ Christopher J. Schmitt        

Name:
Christopher J. Schmitt

Title:
Chief Financial Officer

 

    	 

     

    

 

AMENDED SCHEDULE B

 

(Effective as of September 7, 2016)

 

 

STIPULATED VOLUMES AND TYPES OF PRODUCT

 

 

	 	Albany	Baltimore	Blakeley
    Island	Chesapeake	Gates	Glenmont	Greensboro	Jacksonville	Newark	North
    Little Rock	Salisbury	St.
    Louis	Total
	Stipulated
    Volumes/bbl	612,062	853,900	N/A	78,400	101,178	1,780,140	664,107	251,618	433,000	233,559	147,123	 	5,155,087
    (excluding biodiesel and asphalt)
	Biodiesel
    volumes/bbl	 	 	 	 	 	 	 	 	500	 	 	 	500
	Asphalt
    Stipulated Volumes/bbl	 	 	 	165,000	 	 	 	 	 	 	 	347,820	512,820

 

This Amended Schedule B reflects all revisions to
the Agreement as of September 7, 2016.Exhibit 10.1

 

FXCM INC.

ANNUAL INCENTIVE BONUS PLAN

FOR FOUNDER DIRECTORS AND SPECIFIED EXECUTIVE
OFFICERS

(2017)

 

		1.	Adoption and Purpose of the Plan. FXCM Inc., a corporation organized and existing under the laws of the State of Delaware
(the “Company”), hereby adopts this FXCM Inc. Annual Incentive Bonus Plan for Founder Directors and Specified
Executive Officers (2017) (the “2017 Plan”) to provide certain key employees of the Company and its affiliates
with additional incentives through the payment of bonuses based on the performance of the Company and its affiliates, as well as
other key corporate performance metrics.

 

		2.	Effective Date. The effective date of this 2017 Plan is November 15, 2016.

 

		3.	Administration. This 2017 Plan shall be administered by the Compensation Committee of the Board of Directors of the
Company (the "Administrator"). Subject to the express provisions of this 2017 Plan, the Administrator shall have
authority to interpret this 2017 Plan and make administrative determinations deemed necessary or advisable for the administration
of this 2017 Plan. No amendments or modifications to this 2017 Plan may be made by the Administrator.

 

		4.	Eligibility. The individuals selected by the Administrator for participation in this 2017 Plan are set forth in Appendix
A attached hereto (each such person, a "Participant", and, collectively, the "Participants").
The Participants shall be eligible to receive (subject to the terms hereof, including achievement of the objectives set forth below)
an Annual Bonus under this 2017 Plan.

 

		5.	Annual Bonus. For the year ended December 31, 2017 (the “2017 Plan Year”), each Participant shall
be entitled to receive a bonus (the “2017 Annual Bonus”) based on a target amount equal to 200% of the Participant's
base salary as of the effective date of this 2017 Plan (the “Target Bonus”). The Target Bonus for each Participant
is set forth in Appendix A.

 

For the 2017 Plan Year, a Participant’s Annual
Bonus shall be comprised of the Participant’s 2017 Leucadia Loan Portion plus the Participant’s 2017 EBITDA Portion
and shall be earned as follows:

 

		A.	Fifty percent (50%) of the Participant's Target Bonus (the "2017 Leucadia Loan Portion") shall be earned if,
prior to December 31, 2017, the Leucadia Obligations (defined below) are paid in-full. The “Leucadia Obligations”
shall mean all outstanding principal and accrued interest and all other amounts owing to Leucadia National Corporation and its
affiliates under the Amended and Restated Credit Agreement, dated as of January 24, 2015, among FXCM Holdings, LLC, FXCM Newco,
LLC, the lenders party thereto and Leucadia National Corporation, as amended by that First Amendment to Amended and Restated Credit
Agreement, dated as of September 1, 2016 and as may be amended from time to time by the parties thereto (the “Leucadia
Credit Agreement”).

 

     

     

    

 

		B.	A percentage (up to a maximum of 50%) of the Participant’s Target Bonus (the “2017 EBITDA Portion”)
may be earned based upon FXCM Group LLC’s 2017 Adjusted EBITDA (as defined below) in accordance with the following:

 

Twenty five percent (25%) of the Participant’s
Target Bonus shall be earned if FXCM Group LLC’s 2017 Adjusted EBITDA is equal to $64 million.

 

Fifty percent (50%) of the Participant’s Target
Bonus shall be earned if FXCM Group LLC’s 2017 Adjusted EBITDA is equal to or greater than $92 million.

 

Zero percent (0%) of the Participant’s Target
Bonus shall be earned if FXCM Group LLC’s 2017 Adjusted EBITDA is less than $64 million.

 

If FXCM Group LLC’s 2017 Adjusted EBITDA is
between $64 million and $92 million, then a percentage of the Participant’s Target Bonus shall be earned which shall be between
twenty five (25%) and fifty percent (50%) of the Participant’s Target Bonus calculated using straight line interpolation.

 

“FXCM Group LLC’s 2017 Adjusted EBITDA”
shall mean the earnings before interest, taxes, depreciation and amortization expenses of FXCM Group LLC for the year ending December
31, 2017 as certified by the Board of Directors [Board of Managers] of FXCM Group LLC and the Board of Directors of the Company
and determined on a consolidated basis for the financial statements of FXCM Group LLC and its consolidated affiliates in accordance
with GAAP, excluding (i) one-time items, including adjusting for the effect of EBITDA contribution of core-asset disposition, (ii)
accrued bonuses under this 2017 Plan, and (iii) any expense items related to the Leucadia Credit Agreement.

 

		6.	Payment. Each of the 2017 Leucadia Loan Portion and 2017 EBITDA Portion of a Participant’s Annual Bonus shall
be separately paid to a Participant as soon as administratively practicable after all conditions for entitlement to such portion
are determined by the Administrator to have been satisfied, but in all cases no later than March 15, 2018; provided, however,
that a Participant shall not be entitled to receive any portion of the Annual Bonus if the Participant is not employed by the Company
on December 31, 2017, unless otherwise determined by the Administrator. The Annual Bonus shall be paid in cash to such Participant
through the ordinary payroll of the Participant’s employer, except as otherwise determined by the Administrator, in its sole
discretion.

 

		7.	No Promise of a Bonus. All Annual Bonuses shall be based solely on the achievement of the stated performance measures
for the 2017 Plan Year and the provisions of this 2017 Plan, and any payment with respect to any year shall not create or assure
any payment of any payment or bonus for any other year. Any claim by a Participant to any payment under this 2017 Plan shall be
only an unsecured general obligation of the Company, and such employee will have no claim to any specific assets of the Company.
No Annual Bonuses or any other benefits shall be paid under this 2017 Plan with respect to any period before or after the 2017
Plan Year.

 

     

     

    

 

		8.	No Right to Continued Employment/No Rights as a Member. This 2017 Plan shall not confer upon any Participant any right
to, or guaranty of, continued employment or any other association with the Company or its affiliates.

 

		9.	No Other Bonus Plans. This 2017 Plan shall supersede all other bonus plans or arrangements of the Company and its affiliates
relating to the 2017 Plan Year, and each Participant, as a condition of participation in this 2017 Plan, hereby waives his or her
right to accrue a benefit under any such other plan or arrangement.

 

		10.	Termination: The Company may terminate or amend this 2017 Plan at any time. In all circumstances, this 2017 Plan shall
automatically terminate after full payment of all Annual Bonus amounts earned under this 2017 Plan for the 2017 Plan Year.

 

		11.	Governing Law. This 2017 Plan shall be construed, administered and enforced in accordance with the laws of the State
of New York without regard to conflicts of law.

 

		12.	Withholding. The Company shall be entitled to withhold from any payments made under this 2017 Plan any amount of withholding
it determines is appropriate or necessary pursuant to applicable law and the Company’s payroll practices.

 

		13.	Headings. The headings in this 2017 Plan have been inserted for convenience of reference only and in the event of any
conflict, the text of this 2017 Plan, rather than such headings, shall control.

 

     

     

    

 

Appendix A

 

 

	Participant	 	Target Bonus
	 	 	 
	Dror Niv 	 	$1,600,000
	 	 	 
	Eduard Yusupov	 	$1,600,000
	 	 	 
	David Sakhai	 	$1,600,000
	 	 	 
	William Ahdout	 	$1,600,000
	 	 	 
	Kenneth Grossman	 	$1,035,294

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