Document:

EX-10.1(b)

 Exhibit 10.1(b) 
 June 1, 2014 
 Warrington Asset Management, LLC 

200 Crescent Court – Suite 900 
 Dallas,
Texas 75201 
 Attention: Mr. Scott C. Kimple 
  

	 	Re:	Management Agreement Renewal 

 Dear Mr.
Kimple: 
 We are writing with respect to your management agreement concerning the commodity pool to which reference is made below (the
“Management Agreement”). We are extending the term of the Management Agreement through June 30, 2015 and all other provisions of the Management Agreement will remain unchanged. 

 

	 	•	 	 Managed Futures Premier Warrington Fund L.P. 

 Please acknowledge receipt of this modification by signing one copy of this letter and returning it to the attention of Mrs. Alice Lonero at the address above or fax to 212-296-6868. If you have any
questions I can be reached at 212-296-1304. 
 Very truly yours, 

 

			
	CERES MANAGED FUTURES LLC
		
	By:	 	/s/ Mrs. Alice Lonero
		 	Mrs. Alice Lonero
		 	Chief Financial Officer

  

			
	WARRINGTON ASSET MANAGEMENT
		
	By:	 	/s/ Scott C. Kimple
	Print Name: Scott C. Kimple

 AL/srRevett Minerals Inc.: Exhibit 10.13 - Filed by newsfilecorp.com

Exhibit 10.13 

EMPLOYMENT AGREEMENT 

THIS AGREEMENT, is made effective the 1st day of
October, 2012 between REVETT SILVER COMPANY, a Montana Corporation with
its principal office in Spokane, Washington, herein referred to as the
"Corporation", and Douglas P. Miller of Troy, Montana, herein referred to as the
"Employee." 

In consideration of the mutual covenants and benefits as herein
set forth, the parties hereto agree as follows: 

SECTION ONE 

EMPLOYMENT 

The Corporation hereby employs the Employee as Vice President
of Operations and the Employee hereby accepts such employment and agrees to
devote all of his efforts for the benefit of the Corporation and to faithfully,
industriously, and to the best of his ability, experience and talents, perform
all of his required and assigned duties. Employee shall perform his duties
subject to the general supervision and pursuant to the orders, advice and
direction of the President and CEO of Revett Silver Company, Inc. 

SECTION TWO TERM OF

EMPLOYMENT 

The term of employment under the Agreement shall be for a
period of three years commencing October 1, 2012, and ending midnight October 1,
2015, but shall continue from year-to-year thereafter unless terminated as
hereinafter provided. 

SECTION THREE 

COMPENSATION 

The Corporation shall pay Employee, and the Employee shall
accept from the Corporation, compensation at the minimum combined rate of U.S.
$160,000 per year prorated and payable monthly or on such other basis as the
parties may hereafter agree. Such minimum compensation may be adjusted for merit
or other raises as from time to time may be determined by the Committee of the
Board thereof having such authority. Employee shall be entitled to vacation
periods in line with the policies of the Corporation applicable to exempt
employees, provided, however, that the Employee Shall be entitled to a minimum
paid vacation of four (4) weeks in any calendar year. If the Employee fails to use all vacation days in any calendar
year, Employee shall be permitted to carry over those vacation days into the
next two calendar years. 

1

SECTION FOUR 

OTHER BENEFITS 

In addition to the compensation as provided in the previous
Section Three hereof, the Corporation shall at its expense provide for Employee
the following additional benefits: 

	1. 	
      Participation in all of the Corporation's benefits, now
      or hereafter in effect, including medical, dental, vision, 40lK plan,
      retirement plan, disability plan, bonuses, Equity Incentive Plan and any
      and all other plans that may be made available to employees.

	 	 
	2. 	
      Payment of dues in professional associations as may be
      required to maintain his membership in those associations and the
      privilege of attending appropriate seminars, conferences and education
      programs as may be necessary.

	 	 
	3. 	
      Reimbursement for all expenses incurred in connection
      with the performance of services to the Corporation, including
      entertainment and travel and other expenses incident to the duties
      undertaken hereunder; provided, however, that such expenses shall be
      reasonable and necessary and that Employee shall submit bills and vouchers
      supporting all requests for reimbursements in accordance with the
      Corporation's policies.

SECTION FIVE 

TERMINATION 

The Agreement will terminate or may be terminated by any one of
the following reasons: 

	1. 	
      Voluntarily and without cause, subject to Sections Two
      and Six, upon at least one (1) months prior written notice of termination
      by Corporation to the Employee or by the Employee to the Corporation;
      or

	 	 
	2. 	
      By the Corporation for cause as hereinafter defined in
      Section Ten; or

	 	 
	3. 	
      Upon the Death or Disability of Employee.

	 	 
	4. 	
      Upon a Change of Control.

	 	 
	5. 	
      Upon Retirement.

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SECTION SIX 

SEVERANCE COMPENSATION 

	1. 	
      Termination by Employee or by Corporation With
      Cause

If Employee voluntarily terminates his
employment under the Agreement pursuant to Section Five (1) or if the employment
of the Employee is terminated by the Corporation for cause, then all
compensation and benefits as heretofore provided in Sections Three and Four
shall terminate immediately upon the effective date of termination and no
special severance compensation will be paid. 

	2. 	
      Termination by Corporation Without
  Cause

If the Corporation terminates the
Agreement for any reason except for cause as defined in Section Ten then upon
the termination of the Employee's employment under the Agreement, the
Corporation shall pay an amount equal to eighteen months (18) of salary. The
amount shall be paid in one lump sum on the date the Employee's services
terminate. All employee benefits provided to the Employee shall be continued as
if the Employee was still an employee of the Corporation, for a period of one
(1) year from the date of termination or replacement of equal or better benefits
from a new employer. In the event Employee has existing stock options, they will
be honored in accordance with the terms of said options. 

	3. 	
      Termination by Death or
  Disability

If Employee dies before his employment
hereunder or is otherwise terminated, the Corporation shall immediately pay to
his beneficiary (to be named in writing by the Employee on signing of the
Agreement and confirmed if changed by him at any subsequent time, in writing,
addressed to the secretary of the Corporation) an amount of compensation equal
to twelve (12) months' salary. If no named beneficiary survives him, the entire
amount due him shall be paid to his estate. Said compensation shall be in
addition to that payable from any insurance coverage providing for compensation
upon Death or Disability. If Employee becomes disabled, he shall be entitled to
receive an amount of compensation equal to twelve (12) month's salary.
"Disability" in the Agreement means a condition of physical or mental illness
causing one to be totally incapable of performing full- time duties for a period
longer than six months. 

	4. 	
      Termination Following Change of
Control

	 	(a) 	
      For purposes of the Agreement a Change in Control shall
      be deemed to have occurred if (A) any individual partnership, firm,
      entity, corporation, association, trust, unincorporated organization or
      other entity, or any syndicate or group deemed to be a person under
      Section 14(d) (2) of the Exchange Act, is or becomes the "beneficial
      owner" (as defined in Rule 13d-3 of the General Rules and Regulations
      under the Exchange Act), directly or indirectly, of securities of the
      Corporation representing 25% or more of the combined voting power of the
      Corporation's then outstanding securities entitled to vote in the election
      of directors of the Corporation; or (B) as a result of or in connection
      with a contested election of directors, the persons who were directors of
      the Corporation before such election shall cease to constitute a majority
      of the Board. 

3

	 	(b) 	
      Irrespective of any other provisions in the Agreement
      regarding termination, if any of the events described above constituting a
      Change in Control shall have occurred and upon the subsequent termination
      of Employee's employment during the term of the Agreement, unless such
      termination is because of Employee's Death, Disability or by the
      Corporation for cause or by Employee for other than "Good Reason,"
      Employee shall be entitled to and will receive no later than the fifth
      (5th) day following the date of termination a lump sum severance payment
      in an amount equal to three year's salary. In addition, all benefits then
      applicable to Employee shall be continued for a period of twelve (12)
      months.

	 	 	 
	 	(c) 	
      Employee shall be entitled to terminate his employment
      for Good Reason. For purposes of the Agreement, "Good Reason" means,
      without Employee's express written consent, any of the
  following:

(i)     the
assignment to Employee of any duties inconsistent with Employee's position, or
Employee's removal from such position, or a substantial alteration in the nature
or status of Employee's responsibilities from those in effect immediately prior
to the Change in Control; 

(ii)    a
reduction by the Corporation in Employee's annual base salary as in effect on
the date hereof or as the same may be increased from time to time or a failure
by the Corporation to increase Employee's salary at a rate commensurate with
that of other key executives of the Corporation; 

(iii)   the failure by the
Corporation to continue to provide Employee with benefits at least as favorable
to those enjoyed by Employee under any of the Corporation's life insurance,
medical, health and accident, disability, deferred compensation, pension, if
any, or savings plans in which Employee was participating at the time of the
Change in Control, the taking of any action by the Corporation which would
directly or indirectly materially reduce any of such benefits or deprive
Employee of any material fringe benefit enjoyed by Employee at the time of the
Change in Control, or the failure by the Corporation to provide Employee with
the number of paid vacation days to which Employee is entitled on the basis of
years of service with the Corporation in accordance with the Corporation's
normal vacation policy in effect at the time of the Change in Control; 

4

(iv) the failure of the Corporation to
obtain a satisfactory agreement from any successor to assume and agree to
perform the Agreement or if the business of the Corporation for which Employee's
services are principally performed is sold at any time after a Change in
Control, the purchaser of such business fails to agree to provide Employee with
the same or a comparable position, duties, salary and benefits as provided to
Employee by the Corporation immediately prior to the Change in Control; 

SECTION SEVEN NON-

TRANSFERABILITY 

This is a personal agreement. No Employee's rights, benefits or
interests hereunder may be subject to sale, anticipation, alienation,
assignment, encumbrance, charge, pledge, hypothecation, transfer, or set-off in
respect of any claim, debt or obligation or to execution, attachment, levy or
similar process, or assignment by operation of law. Any attempt, voluntary or
involuntary, to effect any such action shall be null and void and of no effect.

SECTION EIGHT 

CHOICE OF LAW 

It is the intention of the parties hereto that the Agreement
and the performance hereunder and all suits and special proceedings hereunder he
construed in accordance with and under and pursuant to the laws of the State of
Montana, and that in any action, special proceeding or other proceeding that may
be brought arising out of, in connection with, or by reason of the Agreement,
the laws of the State of Montana, shall be applicable and shall govern to the
exclusion of the law of any other forum, without regard to the jurisdiction in
which any action or special proceeding may be instituted. 

SECTION NINE 

BINDING EFFECT 

The Agreement shall be binding upon and shall inure to the
benefit of the Corporation and to its successors or assigns and to Employee and
his personal representative, heirs, executors and administrators. 

5

SECTION TEN 

DEFINITION OF CAUSE 

Cause to terminate the Employee's employment shall mean (a) the
willful and continued failure by the Employee to substantially perform her
duties, after demand for substantial performance as delivered by the Corporation
that specifically identifies the manner in which the Corporation believes the
Employee has not substantially performed his duties, or (b) the willful engaging
by the Employee of misconduct which is materially injurious to the Corporation,
monetarily or otherwise, or (c) the willful violation by the Employee of the
provisions of the Employment Agreement. 

Notwithstanding the foregoing, the Employee shall not be deemed
to have been terminated for cause unless there shall have been delivered to the
Employee a copy of a notice of termination from the Corporation after reasonable
written notice to the Employee and an opportunity for the Employee, together
with counsel for the Employee, to be heard before the Board of Directors of the
Corporation, accompanied by a resolution duly adopted by the Directors of the
Corporation then in office, who find that in the good faith opinion of such
directors, the Employee was guilty of conduct set forth above and shall set
forth in particular detail the facts and circumstances claimed to provide a
basis for termination of employment under the provisions so indicated. 

SECTION ELEVEN 

DIRECTORSHIPS 

The Employee shall be entitled to accept a position as a
director of other corporations, whether such corporations are engaged in the
mining industry or not provided any such directorship is first approved by the
Corporation, such approval not to be unreasonably withheld. 

SECTION TWELVE 

CONFIDENTIALITY 

Employee agrees that except as required for the performance of
his duties, obligations and responsibilities hereunder, he will not at any time
during the term of the Agreement or thereafter divulge to any person, firm or
corporation any Confidential Information received by him during the course of
her employment and all such Confidential Information shall be kept confidential
and deemed the property of the Corporation. For the purpose of the provision,
Confidential Information means information known to the Employee as a
consequence of her employment by the Corporation and not generally known in the
industry in which the Corporation is engaged or otherwise available to third
parties from sources unrelated to or controlled by the Corporation. 

6

IN WITNESS WHEREOF, the parties have executed the Agreement at
Spokane Washington, effective on the day and year first above written. 

 

EMPLOYEE 

Name: Douglas P. Miller

7

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