Document:

Exhibit 4.1 Certificate of Designation

Exhibit 4.1

CERTIFICATE OF DESIGNATION OF RIGHTS AND PREFERENCES

FOR SERIES A 8% CONVERTIBLE PREFERRED STOCK

OF

SHARP PERFORMANCE, INC.

Sharp Performance, Inc., a Nevada corporation (the “Company”), does hereby certify:

FIRST: That pursuant to authority expressly vested in it by the Articles of Incorporation of the Company, the Board of Directors of the Company has adopted the following resolution establishing a new series of Preferred Stock of the Company, consisting of One Hundred Thousand (100,000) shares designated “Series A 8% Convertible Preferred Stock,” with such powers, designations, preferences, and relative participating, optional, or other rights, if any, and the qualifications, limitations, or restrictions thereof, as are set forth in the resolutions:

RESOLVED, that the Company's Board of Directors hereby approves the designation and issuance of the Series A 8% Convertible Preferred Stock according to the terms and conditions as set forth in Exhibit A and authorizes and instructs the Company's Executive Officers to proceed in filing the Certificate of Designation with the State of Nevada and to take such other action as shall be appropriate in connection with the issuance of the Series A 8% Convertible Preferred Stock. 

IN WITNESS WHEREOF, the undersigned hereby affirms, under penalties of perjury, that the foregoing instrument is the act and deed of the Company and that the facts stated therein are true.  Dated as of the 16th  day of August, 2013.

SHARP PERFORMANCE, INC.,

a Nevada corporation,

By: Robert Sharp 

Title: President

SERIES A 8% CONVERTIBLE PREFERRED STOCK TERMS

Section 1.

Designation, Amount and Par Value.  The series of preferred stock shall be designated as the Series A 8% Convertible Preferred Stock (the “Series A Preferred Stock”), and the number of shares so designated and authorized shall be One Hundred Thousand (100,000).  Each share of Series A Preferred Stock shall have a par value of $0.001 per share and a stated value of $1,000 per share (the “Stated Value”).

Section 2.

Dividends.

(a)

Holders of Series A Preferred Stock shall be entitled to receive, when and as declared by the Board of Directors out of funds legally available therefor, and the Company shall accrue, quarterly in arrears on March 31, June 30, September 30, and December 31 of each year, commencing on the Issuance Date, cumulative dividends on the Series A Preferred Stock at the rate per share (as a percentage of the Stated Value per share) equal to eight percent (8%) per annum on the Stated Value, payable in common stock valued at the closing trade price per share on the last trading day of the calendar quarter.  The party that holds the Series A Preferred Stock on an applicable record date for any dividend payment will be entitled to receive such dividend payment and any other accrued and unpaid dividends which accrued prior to such dividend payment date, without regard to any sale or disposition of such Series A Preferred Stock subsequent to the applicable record date but prior to the applicable dividend payment date.  

(b)  

So long as any shares of Series A Preferred Stock remain outstanding, neither the Company nor any subsidiary thereof shall, without the consent of the Holders of one percent (100%) of the shares of Series A Preferred Stock then outstanding (the “Requisite Holders”), redeem, repurchase or otherwise acquire directly or indirectly any Junior Securities (as defined in Section 7), nor shall the Company directly or indirectly pay or declare any dividend or make any distribution upon, nor shall any distribution be made in respect of, any Junior Securities, nor shall any monies be set aside for or applied to the purchase or redemption (through a sinking fund or otherwise) of any Junior Securities.

Section 3.

Voting Rights; Negative Covenants.  The Series A Preferred Stock shall not have the right to vote on any matter that may from time to time be submitted to the Company’s shareholders for a vote, either by written consent or by proxy.   So long as any shares of Series A Preferred Stock are outstanding, the Company shall not and shall cause its subsidiaries not to, without the affirmative vote of the Requisite Holders, (a) alter or change adversely the powers, preferences or rights given to the Series A Preferred Stock, (b) alter or amend this Certificate of Designation, (c) amend its certificate of incorporation, bylaws or other charter documents so as to affect adversely any rights of any Holders of the Series A Preferred Stock, (d) increase the authorized or designated number of shares of Series A Preferred Stock, (e) issue any additional shares of Series A Preferred Stock (including the reissuance of any shares of Series A Preferred Stock converted for Common Stock) or (f) enter into any agreement with respect to the foregoing.

Section 4.

Liquidation.  Upon any liquidation, dissolution or winding-up of the Company, whether voluntary or involuntary or a Sale (as defined below) (a “Liquidation”), the holders of the Series A Preferred Stock shall be entitled to receive out of the assets of the Company, whether such assets are capital or surplus, for each share of Series A Preferred Stock an amount equal to the Stated Value plus all accrued but unpaid dividends per share, whether declared or not, and all other amounts in respect thereof then due and payable prior to any distribution or payment shall be made to the holders of any Junior Securities, and if the assets of the Company shall be insufficient to pay in full such amounts, then the entire assets to be distributed to the holders of Series A Preferred Stock shall be distributed among the holders of Series A Preferred Stock ratably in accordance with the respective amounts that would be payable on such shares if all amounts payable thereon were paid in full.  The Company shall mail written notice of any such Liquidation, not less than 45 days prior to the payment date stated therein, to each record Holder of Series A Preferred Stock.  A “Sale” shall mean a sale of the majority of assets, a merger (other than where the Company is the surviving entity) or consolidation by the Company with another corporation or other entity.

Section 5.

Conversion.

(a)  

Conversion at Option of Holder.  Subject to the provisions of Section 5(b), below, each share of Series A Preferred Stock shall be convertible into 1,000 shares of Common Stock (“Conversion Ratio”),  at the option of a Holder, at any time and from time to time, from and after the issuance of the Series A Preferred Stock; provided that, for a period of twenty for (24) months from the Issuance Date, if the Company issues shares of common stock (or securities, including any derivative securities, containing the right to purchase, exercise or convert into shares of common stock) (the “Dilution Shares”) such that the outstanding number of shares of common stock on a fully diluted basis shall be greater than two hundred fourteen million (214,000,000) shares (inclusive of conversions of Series A Preferred Stock at the Conversion Ratio immediately above), then the Conversion Ratio for the Series A Preferred Stock then outstanding and unconverted as of the date the Dilution Shares are issued shall be adjusted to equal the Conversion Ratio multiplied by a fraction, the numerator of which shall be the number of shares outstanding on a fully diluted basis after the issuance of the Dilution Shares, and the denominator shall be two hundred fourteen million (214,000,000).  Example:  Company issues securities representing 50,000,000 Dilution Shares, then the Conversion Ratio shall equal [1,000 x 264MM/214MM (or 1.233) = 1,233].  A Holder shall effect a conversion by surrendering to the Company the original certificate or certificates representing the shares of Series A Preferred Stock to be converted to the Company, together with a completed form of conversion notice attached hereto as Exhibit B (the “Conversion Notice”).  Each Conversion Notice shall specify the number of shares of Series A Preferred Stock to be converted, the date on which such conversion is to be effected, which date may not be prior to the date the Holder delivers such Conversion Notice (the “Conversion Date”), and the Conversion Price determined as specified in Section 5(c) hereof.  If no Conversion Date is specified in a Conversion Notice, the Conversion Date shall be the date that the Conversion Notice is delivered pursuant to this Section 5(a).  Subject to Section 5(b) hereof, each Conversion Notice, once given, shall be irrevocable. 

(b)  

Beneficial Ownership Limitation. The Company shall not effect any conversion of the Series A Preferred Stock, and a Holder shall not have the right to convert any portion of the Series A Preferred Stock, to the extent that, after giving effect to the conversion set forth on the applicable Notice of Conversion, such Holder (together with such Holder’s Affiliates, and any Persons acting as a group together with such Holder or any of such Holder’s Affiliates) would beneficially own in excess of the Beneficial Ownership Limitation (as defined herein). For purposes of the foregoing sentence, the number of shares of Common Stock beneficially owned by such Holder and its Affiliates shall include the number of shares of Common Stock issuable upon conversion of the Series E Preferred Stock with respect to which such determination is being made, but shall exclude the number of shares of Common Stock which are issuable upon (i) conversion of the remaining, unconverted shares of Series A Preferred Stock beneficially owned by such Holder or any of its Affiliates and (ii) exercise or conversion of the unexercised or unconverted portion of any other securities of the Company subject to a limitation on conversion or exercise analogous to the limitation contained herein (including, without limitation, the Series A Preferred Stock or any other convertible securities of the Company) beneficially owned by such Holder or any of its Affiliates. Except as set forth in the preceding sentence, for purposes of this sub-section, beneficial ownership shall be calculated in accordance with Section 13(d) of the Exchange Act and the rules and regulations promulgated thereunder.

The “Beneficial Ownership Limitation” shall be 9.9% of the number of shares of the Common Stock outstanding immediately after giving effect to the issuance of shares of Common Stock issuable upon conversion of Series A Preferred Stock held by the applicable Holder. A Holder, upon not less than sixty five (65) days’ prior notice to the Company, may increase the Beneficial Ownership Limitation provisions of this sub-section applicable to its Series A Preferred Stock and the provisions of this sub-section shall continue to apply. Any such increase will not be effective until the sixty-sixth (66th) day after such notice is delivered to the Company and shall only apply to such Holder and no other Holder. The provisions of this paragraph shall be construed and implemented in a manner otherwise than in strict conformity with the terms of this sub-section to correct this paragraph (or any portion hereof) which may be defective or inconsistent with the intended Beneficial Ownership Limitation contained herein or to make changes or supplements necessary or desirable to properly give effect to such limitation. The limitations contained in this paragraph shall apply to a successor Holder of Series A Preferred Stock.

(c)  

The Company covenants that it will at all times reserve and keep available out of its authorized and unissued Common Stock solely for the purpose of issuance upon conversion of Series A Preferred Stock, as herein provided, free from preemptive rights or any other actual or contingent purchase rights of persons other than the holders of Series A Preferred Stock, not less than 100% of such number of shares of Common Stock as shall be issuable (taking into account the adjustments and restrictions of sub-section (b) upon the conversion of all outstanding shares of Series A Preferred Stock hereunder.  The Company covenants that all shares of Common Stock that shall be so issuable shall, upon issue, be duly and validly authorized, issued and fully paid and nonassessable.

(d)  

Upon a conversion hereunder the Company shall not be required to issue stock certificates representing fractions of shares of Common Stock, but may if otherwise permitted and unless waived by the Holder of the Series A Preferred Stock, make a cash payment in respect of any final fraction of a share based on the Per Share Market Value at such time.  If the Company elects not, or is unable, to make such a cash payment, the Holder of a share of Series A Preferred Stock shall be entitled to receive, in lieu of the final fraction of a share, one whole share of Common Stock.

(h)  

The issuance of certificates for shares of Common Stock on conversion of Series A Preferred Stock shall be made without charge to the Holders thereof for any documentary stamp or similar taxes that may be payable in respect of the issue or delivery of such certificate, provided that the Company shall not be required to pay any tax that may be payable in respect of any transfer involved in the issuance and delivery of any such certificate upon conversion in a name other than that of the Holder of such shares of Series A Preferred Stock so converted and the Company shall not be required to issue or deliver such certificates unless or until the person or persons requesting the issuance thereof shall have paid to the Company the amount of such tax or shall have established to the satisfaction of the Company that such tax has been paid.

(i)  

Shares of Series A Preferred Stock converted into Common Stock shall be canceled and shall have the status of authorized but unissued shares of undesignated preferred stock.

(j)  

Any and all notices or other communications or deliveries to be provided by the Holders of the Series A Preferred Stock hereunder, including, without limitation, any Conversion Notice, shall be in writing and delivered by facsimile, sent by a nationally recognized overnight courier service, or sent by certified or registered mail, postage prepaid, addressed to the attention of the President of the Company at the facsimile telephone number or address of the principal place of business of the Company.  Any and all notices or other communications or deliveries to be provided by the Company hereunder shall be in writing and delivered by facsimile, sent by a nationally recognized overnight courier service or sent by certified or registered mail, postage prepaid, addressed to each Holder of Series A Preferred Stock at the facsimile telephone number or address of such Holder appearing on the books of the Company, or if no such facsimile telephone number or address appears, at the principal place of business of the Holder.  Any notice or other communication or deliveries hereunder shall be deemed given and effective on the earliest of (i) the date of transmission, if such notice or communication is delivered via facsimile at the facsimile telephone number specified in this Section prior to 5:00 p.m. (New York time), (ii) the date after the date of transmission, if such notice or communication is delivered via facsimile at the facsimile telephone number specified in this Section later than 5:00 p.m. (New York time) on any date and earlier than 11:59 p.m. (New York time) on such date, (iii) four days after deposit in the United States mails, (iv) the Business Day (as defined in Section 7) following the date of mailing, if send by nationally recognized overnight courier service, or (v) upon actual receipt by the party to whom such notice is required to be given.  

Section 6.  

Adjustments to Conversion Price.  

(a)

The Conversion Price shall be subject to adjustment from time to time as follows:

(i).

Spin Off.  If, for as long as any shares of Series A Preferred Stock remain outstanding  the Company consummates a spin off or otherwise divests itself of a part of its business or operations or disposes of all or of a part of its assets in a transaction (the “Spin Off”) in which the Company, in addition to or in lieu of any other compensation received by the Company for such business, operations or assets, causes securities of another entity (the “Spin Off Securities”) to be issued to security holders of the Company, then the Company shall cause (a) to be reserved Spin Off Securities equal to the number thereof which would have been issued to all Holders had all shares of Series A Preferred Stock outstanding on the record date (the “Record Date”), for determining the amount and number of Spin Off Securities to be issued to security holders of the Company (such outstanding shares of Series A Preferred Stock, the “Outstanding Preferred Stock”), if all Shares of Series A Preferred Stock had been converted as of the close of business on the Trading Day immediately before the Record Date (the “Reserved Spin Off Securities”), and (b) to be issued to each Holder upon the conversion of all or any of the Outstanding Preferred Stock, such amount of the Reserved Spin Off Securities equal to (1) the Reserved Spin Off Securities multiplied by (2) a fraction, of which (A) the numerator is the aggregate Stated Value of the Outstanding Preferred Stock then being converted by such Holder, and (B) the denominator is the aggregate Stated Value of the Outstanding Preferred Stock.

(ii).

Stock Splits, etc.  If, at any time while any shares of Series A Preferred Stock remain outstanding, the Company effectuates a stock split or reverse stock split of its Common Stock or issues a dividend on its Common Stock consisting of shares of Common Stock, the Conversion Price and any other amounts calculated as contemplated by this Certificate of Designations shall be equitably adjusted to reflect such action.  By way of illustration, and not in limitation, of the foregoing (a) if the Company effectuates a 2:1 split of its Common Stock, thereafter, with respect to any conversion for which the Company issues shares after the record date of such split, the Conversion Price shall be adjusted to equal one-half of what it had been calculated to be immediately prior to such split; (b) if the Company effectuates a 1:10 reverse split of its Common Stock, thereafter, with respect to any conversion for which the Company issues shares after the record date of such reverse split, the Conversion Price shall be adjusted to equal ten times what it had been calculated to be immediately prior to such split; and  (c) if the Company declares a stock dividend of one share of Common Stock for every 10 shares outstanding, thereafter, with respect to any conversion for which the Company issues shares after the record date of such dividend, the Conversion Ratio shall be adjusted to equal such amount multiplied by a fraction, of which the numerator is the number of shares (10 in the example) for which a dividend share will be issued plus the dividend shares (11 in total), and the denominator is such number of shares for which a dividend will be issued thereon (i.e. 11/10 or 1.1). 

(iii).

Notice of Adjustments.  Upon the occurrence of each adjustment or readjustment of the Conversion Price pursuant to this Section 6, the Company, at its expense, shall promptly compute such adjustment or readjustment and prepare and furnish to each Holder of Series A Preferred Stock a certificate setting forth such adjustment or readjustment and showing in detail the facts upon which such adjustment or readjustment is based.  The Company shall, upon the written request at any time of any Holder of Series A Preferred Stock, furnish to such Holder a like certificate setting forth (a) such adjustment or readjustment, (b) the Conversion Price in effect at the time and (c) the number of shares of Common Stock and the amount, if any, of other securities or property which at the time would be received upon conversion of a share of Series A Preferred Stock.

Section 7.  

Definitions.  For the purposes hereof, the following terms shall have the following meanings:

“Business Day” means any day except Saturday, Sunday and any day which shall be a legal holiday or a day on which banking institutions in the State of New York are authorized or required by law or other government action to close.

“Common Stock” means the common stock, $.0001 par value per share, of the Company, and stock of any other class into which such shares may hereafter have been reclassified or changed.

“Conversion Ratio” means 1,000 of common stock for each share of Series A Preferred Stock, subject to adjustment set forth in Sections 5 and 6.

“Issuance Date” means the earliest date on which a Holder receives shares of the Series A Preferred Stock, regardless of the number of certificates which may be issued to evidence such Series E Preferred Stock.

“Holder” means a registered holder of a share or shares of Series A Preferred Stock.

“Junior Securities” means the Common Stock and all other equity securities of the Company ranking junior to the Series A Preferred Stock in terms of payment of dividends or liquidation proceeds.

“Per Share Market Value” means on any particular date (a) the Closing Bid Price per share of the Common Stock on such date on the OTC Bulletin Board or other principal stock exchange or quotation system on which the Common Stock is then listed or quoted or if there is no such price on such date, then the Closing Bid Price on such exchange or quotation system on the date nearest preceding such date, or (b) if the Common Stock is not listed then on the OTC Bulletin Board or any stock exchange or quotation system, the Closing Bid Price for a share of Common Stock in such other over-the-counter market, as reported by the Nasdaq Stock Market or in the National Quotation Bureau Incorporated or similar organization or agency succeeding to its functions of reporting prices at the close of business on such date, or (c) if the Common Stock is not then reported by the National Quotation Bureau Incorporated or similar organization or agency succeeding to its functions of reporting prices, then the average of the "Pink Sheet" quotes for the relevant conversion period, as determined in good faith by the Board of Directors, or (d) if the Common Stock is not then publicly traded the fair market value of a share of Common Stock as determined in good faith by the Board of Directors.

“Person” means an individual or a corporation, partnership, trust, incorporated or unincorporated association, joint venture, limited liability company, joint stock company, government (or an agency or political subdivision thereof) or other entity of any kind.

“Trading Day” means (a) a day on which the Common Stock is traded on the OTC Bulletin Board or other stock exchange or market on which the Common Stock has been listed, or (b) if the Common Stock is not quoted on the OTC Bulletin Board, a day on which the Common Stock is quoted in the over-the-counter market as reported by the National Quotation Bureau Incorporated (or any similar organization or agency succeeding its functions of reporting prices).

EXHIBIT B

NOTICE OF CONVERSION

(To be executed by the registered holder

to convert shares of Series A Preferred Stock)

The undersigned hereby elects, in accordance with the terms and conditions of the Certificate of Designation, to convert the number of shares of Series A 8% Convertible Preferred Stock indicated below, into shares of Common Stock, par value $0.0001 per share (the “Common Stock”), of Sharp Performance, Inc. (the “Company”), as of the date written below.  If shares are to be issued in the name of a person other than undersigned, the undersigned will pay all transfer taxes payable with respect thereto and is delivering herewith such certificates and opinions as reasonably requested by the Company in accordance therewith.  No fee will be charged to the undersigned for any conversion, except for such transfer taxes, if any.

Conversion calculations:

______________________________________________________

Date to effect conversion

______________________________________________________

Number of shares of Series ___ 8% Convertible Preferred Stock to be converted

______________________________________________________

Number of shares of Common Stock to be issued

______________________________________________________

Applicable conversion price

______________________________________________________

Name of Holder

______________________________________________________

______________________________________________________

Address of Holder

__________________________________

Authorized SignatureCOI_1494011_3_AmendmentNo4toThirdARPreciousMetalsAgreement--Materion_Scotia

Exhibit 10.1

AMENDMENT NO. 4

TO
THIRD AMENDED AND RESTATED PRECIOUS METALS AGREEMENT

THIS AMENDMENT NO. 4 TO THIRD AMENDED AND RESTATED PRECIOUS METALS AGREEMENT (this “Amendment”) is made as of September 13, 2013, by and among THE BANK OF NOVA SCOTIA, a Canadian chartered bank (the “Metal Lender”); MATERION CORPORATION (f/k/a Brush Engineered Materials Inc.), an Ohio corporation (“BEM”); MATERION ADVANCED MATERIALS TECHNOLOGIES AND SERVICES INC. (f/k/a Williams Advanced Materials Inc.), a New York corporation (“WAM”); MATERION TECHNICAL MATERIALS INC. (f/k/a Technical Materials, Inc.), an Ohio corporation (“TMI”); MATERION BRUSH INC. (f/k/a Brush Wellman Inc.), an Ohio corporation (“BWI”); MATERION TECHNOLOGIES INC. (f/k/a Zentrix Technologies Inc.), an Arizona corporation (“ZTI”); MATERION BREWSTER LLC (f/k/a Williams Acquisition, LLC), a New York limited liability company d/b/a Pure Tech (“Pure Tech”); MATERION PRECISION OPTICS AND THIN FILM COATINGS CORPORATION (f/k/a Thin Film Technology, Inc.), a California corporation (“TFT”); MATERION LARGE AREA COATINGS LLC (f/k/a Techni-Met, LLC), a Delaware limited liability company (“TML”); MATERION ADVANCED MATERIALS TECHNOLOGIES AND SERVICES CORP. (f/k/a Academy Corporation), a New Mexico corporation (“AC”); MATERION ADVANCED MATERIALS TECHNOLOGIES AND SERVICES LLC (f/k/a Academy Gallup, LLC), a New Mexico limited liability company (“AG”); and such other Subsidiaries of BEM who may from time to time become parties by means of their execution and delivery with the Metal Lender of a Joinder Agreement under the Precious Metals Agreement (as defined below).  BEM, WAM, TMI, BWI, ZTI, Pure Tech, TFT, TML, AC, AG and such Subsidiaries are herein sometimes referred to collectively as the “Customers” and each individually as a “Customer”.
WITNESSETH:

WHEREAS, the Metal Lender and the Customers are parties to a certain Third Amended and Restated Precious Metals Agreement, effective as of October 1, 2010, as amended by that certain Amendment No. 1, dated as of March 31, 2011, that certain Amendment No. 2, dated as of August 18, 2011, that certain Amendment No. 3, dated as of October 17, 2011  (as amended, the “Precious Metals Agreement”); and
WHEREAS, the parties hereto desire to amend certain provisions of the Precious Metals Agreement as hereinafter provided;
NOW, THEREFORE, for value received and for other good and valuable consideration, the receipt and adequacy of which are hereby acknowledged, the parties hereto hereby amend the Precious Metals Agreement and agree, effective as of the date first written above, as follows:
1.Amendments.  
(a)    The definition of “Applicable Margin” appearing in Section 1 of the Precious Metals Agreement is hereby amended by deleting the pricing grid appearing therein and replacing it with the following:

COI-1494011v3        

Exhibit 10.1

	
		
	Leverage Ratio  
(Exclusive of Consignment)
	Applicable Margin

	>3.75x
	3.25%

	< or = 3.75x but >2.50x
	2.75%

	< or = 2.50x but >1.25x
	2.00%

	< or = 1.25x
	1.75%

(b)    The definition of “Fixed Rate Period” appearing in Section 1 of the Precious Metals Agreement is hereby amended by deleting the following clause therein:  “; and no Fixed Rate Period may end on a date later than ten (10) Business Days prior to the Maturity Date”.
(c)    The definition of “Gold Loan Limit” appearing in Section 1 of the Precious Metals Agreement is hereby amended and restated in its entirety to read as follows:
“Gold Loan Limit” means the value (as determined in accordance with Section 2.2 hereof) of 23,781 fine troy ounces of Gold.
(d)    The definition of “Maturity Date” appearing in Section 1 of the Precious Metals Agreement is hereby amended and restated in its entirety to read as follows: 
“Maturity Date” means September 30, 2016.  Any obligations of the Customers under this Agreement which are not paid when due on or before the Maturity Date shall remain subject to the provisions of this Agreement until all Obligations are paid and performed in full.
(e)    The definition of “Senior Credit Agreement” appearing in Section 1 of the Precious Metals Agreement is hereby amended and restated in its entirety to read as follows: 
“Senior Credit Agreement” means that certain Second Amended and Restated Credit Agreement, dated as of June 20, 2013, among BEM, Materion Advanced Materials Technologies and Services Netherlands B.V., the other foreign Subsidiary borrowers party thereto from time to time, certain lenders party thereto from time to time, and JPMorgan Chase, N.A., as administrative agent, as may be amended, restated or supplemented, or refinanced or otherwise replaced from time to time.  If the Senior Credit Agreement is hereafter amended, refinanced or otherwise replaced (including, without limitation, with an unsecured credit facility), the parties hereto shall negotiate in good faith to make appropriate modifications to this Agreement acceptable to the parties hereto, such that the applicable representations, warranties, agreements, covenants and Events of Default herein conform to their corresponding provisions of such amended, refinanced or replaced credit facility; provided, however, that the Metal Lender will not be required to make any such modifications to the extent they would affect the Applicable 

COI-1494011v3    -2-

Exhibit 10.1

Margin or cause the Metal Lender to surrender, release or otherwise compromise its security interest in the Collateral.
(f)    The definition of “Stored Precious Metal Limit” appearing in Section 1 of the Precious Metals Agreement is hereby amended and restated in its entirety to read as follows:
“Stored Precious Metal Limit” means the least of (a) $60,000,000, (b) the value (as determined in accordance with Section 2.2 hereof) of 30,000 ounces of Gold or the equivalent thereof with respect to any other Precious Metal, and (c) the amount of insurance coverage obtained and in effect from time to time with respect to Stored Precious Metal pursuant to Section 4.7 hereof.
(g)    The second sentence of Section 2.13 of the Precious Metals Agreement is hereby amended and restated in its entirety to read as follows:
ALL SUMS OUTSTANDING AND ALL OBLIGATIONS OUTSTANDING UNDER THE CONSIGNMENT FACILITY WILL BE DUE AND PAYABLE UPON THE EARLIER OF (I) THE OCCURRENCE OF AN EVENT OF DEFAULT AND THE METAL LENDER’S ACCELERATION OF THE OBLIGATIONS AS A RESULT THEREOF, OR (II) THE MATURITY DATE; PROVIDED THAT, IN RESPECT OF ANY CONSIGNMENT WITH A TERM THAT MATURES AFTER THE MATURITY DATE, ALL OBLIGATIONS IN RESPECT THEREOF SHALL BE DUE AND PAYABLE ON THE LAST DAY OF ITS TERM OR THE MATURITY DATE, AS DETERMINED BY THE METAL LENDER IN ITS DISCRETION AND COMMUNICATED TO THE CUSTOMER AGENT IN WRITING AT LEAST 30 DAYS PRIOR TO THE MATURITY DATE.
(h)    Schedule 1 (Approved Locations) of the Precious Metals Agreement is hereby amended and restated in its entirety to read as set forth in Annex I hereto.
(i)    Schedule 7.1 (Collateral) to the Precious Metals Agreement is hereby amended and restated in its entirety to read as set forth in Annex II hereto. 
(j)    Schedule 9.12 (Indebtedness) to the Precious Metals Agreement is hereby amended and restated in its entirety to read as set forth in Annex III hereto. 
(k)    Schedule 9.14 (Liens) to the Precious Metals Agreement is hereby amended and restated in its entirety to read as set forth in Annex IV hereto. 
2.    Representations and Warranties.  To induce the Metal Lender to enter into this Amendment, each Customer hereby represents and warrants to the Metal Lender that:  (a) such Customer has full power and authority, and has taken all action necessary, to execute and deliver this Amendment and to fulfill its obligations hereunder and to consummate the transactions contemplated hereby; (b) the 

COI-1494011v3    -3-

Exhibit 10.1

making and performance by such Customer of this Amendment do not and will not violate any law or regulation of the jurisdiction of its organization or any other law or regulation applicable to it; (c) this Amendment has been duly executed and delivered by such Customer and constitutes the legal, valid and binding obligation of such Customer, enforceable against it in accordance with its terms, except as enforceability may be limited by bankruptcy, insolvency or similar laws affecting the enforcement of creditors’ rights generally and except as the same may be subject to general principles of equity; and (d) on and as of the date hereof, after giving effect to this Amendment, no Default or Event of Default exists under the Precious Metals Agreement.
3.    Governing Law.  This Amendment shall be governed by and construed in accordance with the laws of the State of New York applicable to contracts made and performed in such State. 
4.    Integration.  The Precious Metals Agreement, as amended hereby, together with the other Precious Metal Documents, is intended by the parties as the final, complete and exclusive statement of the transactions evidenced by the Precious Metals Agreement.  All prior or contemporaneous promises, agreements and understandings, whether oral or written, are deemed to be superseded by the Precious Metals Agreement, as amended hereby, and no party is relying on any promise, agreement or understanding not set forth in the Precious Metals Agreement, as amended hereby.  The Precious Metals Agreement, as amended hereby, may not be amended or modified except by a written instrument describing such amendment or modification executed by the Customers and the Metal Lender.  The parties hereto agree that this Amendment shall in no manner affect or impair the liens and security interests evidenced or granted by the Precious Metals Agreement or in connection therewith.
5.    Ratification.  Except as amended hereby, the Precious Metals Agreement shall remain in full force and effect and is in all respects hereby ratified and affirmed.
6.    Signatures.  This Amendment may be executed by the parties hereto in several counterparts hereof and by the different parties hereto on separate counterparts hereof, each of which shall be an original and all of which shall together constitute one and the same agreement.  Delivery of an executed signature page of this Amendment by electronic transmission shall be effective as an in hand delivery of an original executed counterpart hereof.

 [Signature Page Follows]

IN WITNESS WHEREOF, the undersigned parties have caused this Amendment to be executed by their duly authorized officers as of the date first written above.
	
		
	CUSTOMERS:

	 

	MATERION CORPORATION 

By:   /s/ Michael C. Hasychak      
     Michael C. Hasychak 
     Vice President, Treasurer and Secretary

	MATERION ADVANCED MATERIALS TECHNOLOGIES AND SERVICES INC.

By:    /s/ Michael C. Hasychak      
     Michael C. Hasychak 
     Vice President, Treasurer and Secretary

	MATERION TECHNICAL MATERIALS INC.

By:    /s/ Michael C. Hasychak      
     Michael C. Hasychak 
     Vice President, Treasurer and Secretary

	MATERION BRUSH INC. 

By:    /s/ Michael C. Hasychak      
     Michael C. Hasychak 
     Vice President, Treasurer and Secretary

	MATERION TECHNOLOGIES INC.

By:    /s/ Michael C. Hasychak      
     Michael C. Hasychak 
     Chief Financial Officer and Secretary

	MATERION BREWSTER LLC

By:    /s/ Michael C. Hasychak      
     Michael C. Hasychak 
     Treasurer

	MATERION PRECISION OPTICS AND THIN FILM COATINGS CORPORATION 

By:    /s/ Gary W. Schiavoni      
      Gary W. Schiavoni 
      Secretary

	MATERION LARGE AREA COATINGS LLC 

By:   /s/ Gary W. Schiavoni      
     Gary W. Schiavoni
      Asst. Secretary and Asst. Treasurer

	MATERION ADVANCED MATERIALS TECHNOLOGIES AND SERVICES CORP.

By:    /s/ Gary W. Schiavoni      
      Gary W. Schiavoni
      Asst. Secretary and Asst. Treasurer
	MATERION ADVANCED MATERIALS TECHNOLOGIES AND SERVICES LLC 

By:   /s/ Donald G. Klimkowicz      
     Donald G. Klimkowicz
     Manager

	METAL LENDER:

	 

	THE BANK OF NOVA SCOTIA

By:   /s/ Bimal Das            
Name:   Bimal Das            
Title:   Managing Director         
	

By:   /s / Sangeeta Shah         
Name:   Sangeeta Shah            
Title:   Associate Director         

ANNEX I
SCHEDULE 1
APPROVED LOCATIONS
	
		
	Approved Domestic Locations

	Materion Advanced Materials Technologies and Services Inc. (f/k/a Williams Advanced Materials Inc.) 
2978 Main Street
Buffalo, New York 14214
	Materion Technical Materials Inc.
(f/k/a Technical Materials, Inc.)
5 Wellington Road
Lincoln, Rhode Island 02865

	Materion Advanced Materials Technologies and Services Inc. (f/k/a Williams Advanced Materials Inc.) 
2080 Lockport Road
Wheatfield, New York 14304
	Materion Large Area Coatings LLC (f/k/a Techni-Met, LLC)
300 Lamberton Road 
Windsor, Connecticut  06095

	Materion Brewster LLC (f/k/a Williams Acquisition, LLC) 
42 Mt. Ebo Road South
Brewster, New York 10509
	Materion Large Area Coatings LLC (f/k/a Techni-Met, LLC)
30 East Newberry Rd.
Bloomfield, Connecticut  06002

	Materion Precision Optics and Thin Film Coatings LLC (f/k/a Thin Film Technology, Inc.)  
153 Industrial Way 
Buellton, CA 93427
	Cerac, inc. (a Materion Advanced Materials Technologies and Services site)
404-407 N. 13th St. and
1316 W. St. Paul St.
Milwaukee, Wisconsin 53233

	Materion Technologies Inc. (f/k/a Zentrix Technologies Inc.) 
Newburyport Industrial Park 
22 Graf Road
Newburyport, Massachusetts 01950
	Materion Advanced Materials Technologies and Services Inc. (f/k/a Williams Advanced Materials Inc.) 
3500 Thomas Rd, Suite C
Santa Clara, California 95054

	Materion Brush Inc. (f/ka/ Brush Wellman Inc.)
14710 W. Portage River South Rd.
Elmore, Ohio  43416-9502
	Materion Brush Inc. (f/ka/ Brush Wellman Inc.)
27555 College Park Drive
Warren, Michigan  48088

	Materion Advanced Materials Technologies and Services Corp. (f/k/a Academy Corporation)
6905 Washington Avenue NE
Albuquerque, New Mexico 87109
	Materion Advanced Materials Technologies and Services Corp. (f/k/a Academy Corporation)
5531 Midway Park Place NE
Albuquerque, New Mexico 87109

	Materion Advanced Materials Technologies and Services Corp. (f/k/a Academy Corporation)
5520 Midway Park Place NE
Albuquerque, New Mexico 87109
	Materion Advanced Materials Technologies and Services Corp. (f/k/a Academy Corporation)
5941 Midway Park Place NE
Albuquerque, New Mexico 87109

	Materion Advanced Materials Technologies and Services LLC (f/k/a Academy Gallup, LLC)
1257 North Highway 491
Gallup, New Mexico 87301
	 

	
		
	Approved Foreign Locations

	Materion Advanced Materials Technologies and Services Far East Pte. Ltd. (f/k/a Williams Advanced Materials Far East PTE Ltd.)
110 Paya Lebar Road #02-01
Singapore Warehouse
Singapore 409009
	Materion Czech S.R.O. (f/k/a OMC Scientific, Czech S.R.O)
Prumyslova ul.
440 01 Louny
Czech Republic

	Materion Advanced Materials Technologies and Services Far East Pte. Ltd. (f/k/a Williams Advanced Materials Far East PTE Ltd.)
10 Arumugan Rd.
Lion Industrial Bldg.
Singapore Warehouse
Singapore 4099957
	Seagate 
1 Disc Drive 
Springtown Industrial Estate 
Londonderry, Northern Ireland 
BT48 OBF United Kingdom

	Materion Advanced Materials Technologies and Services Taiwan Co. Ltd. (f/k/a Williams Advanced Materials Technology Taiwan Co., Ltd.)
No. 19 Zhongxing 1st St. 
Luzhu Shiang, Taoyuan County
Taiwan, ROC
	Materion Advanced Materials Technologies and Services Suzhou Ltd. (f/k/a Williams Advanced Materials (Suzhou) Ltd.)
No. 28, Su Tong Road
Suzhou Industrial Park
China  215021

	Materion Ireland Holdings Limited (f/k/a OMC Scientific Holdings Limited) 
Ballysimon Road 
Limerick, Ireland
	Materion Advanced Materials Technologies and Services Inc. (f/k/a Williams Advanced Materials Inc.) – Philippines
Bldg. 8365 Argionaut Highway
Cubi Pt.
Subic Bay Freeport Zone
Philippines  2222

	Materion Advanced Materials Technologies and Services Far East Pte. Ltd. (f/k/a Williams Advanced Materials Far East PTE Ltd.)
28 Woodlands Loop #10-00 
Singapore 738308
	 

	Approved Refiners / Fabricators

	Coining of America
280 Midland Avenue
Saddle Brook, New Jersey 07663
	Johnson Matthey Limited
130 Glidden Road 
Brampton, Ontario, Canada L6W 3M8

	Sigmund Cohn Corp.
121 South Columbus Avenue
Mount Vernon, New York 10553
	Johnson Matthey
Orchard Road
Royston, Hertfordshire, England SG8 5HE

	Sofield Mfg.
2 Main Street
Ridgefield Park, New Jersey 07660
	Johnson Matthey
2001 Nolte Drive
West Deptford, New Jersey 08066

	NuTec Metal Joining Products
12999 Plaza Drive
Cleveland, Ohio 44193
	Rohm & Haas Electric Materials LLC
272 Buffalo Avenue
Freeport, New York 11520

	BASF Catalysts, LLC
554 Engelhard Drive
Seneca, South Carolina 29679

	Sabin Metal Corp.
300 Pantigo Place
East Hampton, New York 11937

	Heraeus Metal Processing, Inc.
13429 Alondra Blvd.
Santa Fe Springs, California 90670
	Seagate Technology
7801 Computer Ave.
Bloomington, MN 55435

	Marian, Inc.
1011 East Saint Clair Street
Indianapolis, Indiana  46202
	Marian, Inc.
2787 South Freeman Road
Monticello, Indiana  47960

	Mastermelt America LLC
319 Industrial Park Road
Sweetwater, Tennessee  37847

(With a value (determined in accordance with Section 2.2 of the Agreement) not in excess of $2,000,000.)
	 

	
		
	Approved Subconsignees and Approved Subconsignee Locations

	Honeywell
830 Arapaho Road
Richardson, Texas 75081
	International Rectifier 
a Hexfet America Facility 
41915 Business Park Drive 
Temecula, California  92590

	Triquint Semiconductor
500 W. Renner Road
Richardson, Texas 75083-3938
	International Rectifier 
Cardiff Road 
Newport 
South Wales, England  NP10 8YJ

	Triquint Semiconductor
2300 N.E. Brookwood Pkwy.
Hillsboro, Oregon  97124
	Hewlett Packard
1055 NE Circle Blvd.
Chemical Storage Building
Corvallis, OR 97330

	Triquint Semiconductor
1818 Highway 441, S
Apopka, Florida  32703
	PPG Industries
400 Park Drive, Works #6
Carlisle, Pennsylvania  17013

	PPG Industries
7400 Central Freeway
Wichita Falls, Texas  76306
	PPG Industries
4004 Fairview Industrial Drive SE, Works #12
Salem, Oregon  97302

	Cree, Inc.
4600 Silicon Drive
Durham, North Carolina 27703
	 

	Approved Storage Facility Locations

	Materion Advanced Materials Technologies and Services Inc. (f/k/a Williams Advanced Materials Inc.) 
2978 Main Street
Buffalo, New York 14214
	Materion Advanced Materials Technologies and Services Corp. (f/k/a Academy Corporation)
5531 Midway Park Place NE
Albuquerque, New Mexico 87109

	Materion Advanced Materials Technologies and Services Corp. (f/k/a Academy Corporation)
6905 Washington Avenue NE
Albuquerque, New Mexico 87109
	Materion Advanced Materials Technologies and Services Corp. (f/k/a Academy Corporation)
5941 Midway Park Place NE
Albuquerque, New Mexico 87109

ANNEX II
SCHEDULE 7.1
COLLATERAL

The statements set forth in Section 7.1 of the Precious Metals Agreement are subject to the Intercreditor Agreements and any Client-Customer Arrangements.

ANNEX III 
 
SCHEDULE 9.12

INDEBTEDNESS

	
					
	Lender
	Description
	Secured Assets
	Amount

	Credit Facilities

	JP Morgan Chase
	Senior Credit Agreement (including Letters of Credit and Subfacilities)
	All assets
	N/A

	The Bank of Nova Scotia
	Revolving Credit Agreement between Materion Brush GmbH and The Bank of Nova Scotia.  Facility is secured through a Comfort Letter issued by Materion Corporation
	All assets of Brush Wellman GmbH
	N/A

	

	 
	 
	 

	Project Financing

	Cleveland-Cuyahoga County Port Authority
	Cleveland-Cuyahoga County Port Authority Taxable Development Revenue Bonds (Port of Cleveland Bond Fund) Series 2008A (Brush Wellman Inc. Project)
	Infrastructure and equipment purchased with bond proceeds
	$5,155,000

	State of Ohio
	State of Ohio Department of Development Research and Development Loan (Brush Wellman Inc. Project)
	Infrastructure and equipment purchased with state loan proceeds
	

	$5,000,000

	Dayton-Montgomery County Port Authority
	Open-End Mortgage and Security Agreement, dated as of April 1, 2011, from Materion Brush, Inc. to The Bank of New York Mellon Trust Company, N.A., for the benefit of Dayton-Montgomery County Port Authority
	125,400 square foot facility located at 14710 West Portage River Road, Elmore, Ohio, and all structures additions, improvements, appurtenances and herediments on or with respect to such real estate
	$2,000,000

	Toledo-Lucas County Port Authority, Ohio
	Open-End Mortgage and Security Agreement, dated as of April 1, 2011, from Materion Brush Inc. to The Bank of New York Mellon Trust Company, N.A., for the benefit of Toledo-Lucas County Port Authority
	125,400 square foot facility located at 14710 West Portage River Road, Elmore, Ohio, and all structures additions, improvements, appurtenances and herediments on or with respect to such real estate
	$6,000,000

	Lorain Port Authority

	Variable Rate Demand Industrial Development Revenue Bond, Series 1996, Brush Wellman Project
	Lorain, Ohio facility financing
	$8,305,000

	

	 
	 
	 

	Hedge Agreements

	JP Morgan Chase
	Foreign Exchange Contracts between JP Morgan Chase and Materion Brush Inc.
	All assets
	Variable

	Fifth Third Bank
	Foreign Exchange Contracts between Fifth Third Bank and Materion Brush Inc.
	All assets
	Variable

	Key Bank
	Utility Hedge Contracts between Key Bank and Materion Corporation
	All assets
	Variable

	RBS Citizens
	Foreign Exchange Contracts between RBS Citizens and Materion Corporation
	All assets
	Variable

	Bank of America, N.A.
	Foreign Exchange Contracts between LaSalle Bank N.A. and Materion Brush Inc.
	All assets
	Variable

	Wells Fargo Bank N.A.
	Foreign Exchange Contracts between Wells Fargo Bank N.A. and Materion Brush Inc.
	All assets
	Variable

	
					
	Letters of Credit

	JPM Reference Number
	Booking Party Name
	Beneficiary Name
	Outstanding Amount
	Issue / Advising Date

	CTCS-328002
	Materion Corporation
	State of Wisconsin Department of Health and Family Services
	$483,781.00
	June 18, 2007

	CTCS-623997
	Materion Corporation
	The Huntington National Bank
	$515,500.00
	June 17, 2008

	CTCS-626207
	Materion Corporation
	The Bank of Nova Scotia
	$20,000,000.00
	April 26, 2005

	CTCS-634321
	Materion Corporation
	Zurich American Insurance Company
	$1,950,000.00
	February 25, 2004

	CTCS-634339
	Materion Corporation
	Dresdner Bank A.G.
	$320,000.00
	April 27, 2004

	CTCS-634359
	Materion Corporation
	Utah Division of Oil, Gas and Mining
	$1,398,000.00
	October 21, 2004

	CTCS-634364
	Materion Corporation
	National Union Fire Insurance Co
	$173,000.00
	November 5, 2004

	CTCS-634379
	Materion Corporation
	Utah Division of Solid & Hazardous Waste
	$90,207.00
	February 23, 2005

	CTCS-634605
	Materion Corporation
	Wells Fargo Bank, N.A.
	$8,557,600.00
	March 9, 2004

	CTCS-639816
	Materion Corporation
	Pennsylvania Department of Environmental Protection
	$320,000.00
	June 2, 2005

	CTCS-852654
	Materion Corporation
	Bank of America, N.A.
	$2,000,000.00
	June 15, 2010

	CTCS-927360
	Materion Corporation
	The Bank of New York Mellon Trust
	$800,000.00
	April 19, 2011

	CTCS-937025
	Materion Corporation
	Ohio Bureau Of Workers’ Compensation
	$425,000.00
	May 13, 2011

	CTCS-383405
	Materion Brush Inc.
	Sck.Cne Belgium
	$64,000.00
	May 16, 2013

ANNEX IV 
 
SCHEDULE 9.14

OTHER PERMITTED LIENS

See Schedule 9.12

COI-1494011v3    -4-

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