Document:

exhibit1001.htm

  

 

  

Execution Version

AMENDMENT AGREEMENT

This amendment agreement (the “Amendment”) is dated effective as of October 1, 2014 and is made and entered into by and among:

THE UNDERSIGNED:

	
1.  

	
TRANSTREND B.V., a limited liability company, incorporated under the laws of The Netherlands, with its principal place of business at Weena 723, Unit C5.070, 3013 AM Rotterdam, The Netherlands (the “Trading Advisor”);

	
2.  

	
MORGAN STANLEY SMITH BARNEY TT II, LLC, a Delaware limited liability company (the “Trading Company”); and

	
3.  

	
CERES MANAGED FUTURES LLC, a Delaware limited liability company (the “Trading Manager”).

	
  

	
The Trading Advisor, the Trading Company and the Trading Manager are hereinafter individually also referred to as “Party” and collectively as “Parties”.

WHEREAS, the Parties have concluded that certain advisory agreement, dated effective as of April 30, 2007, as amended (the “Agreement”), of which this Amendment shall form an inseparable part;

WHEREAS, the Parties wish to have Section 5(a)(i) of the Agreement amended;

WHEREAS, pursuant to Section 14 of the Agreement, the Agreement may not be amended except by the written consent of the Parties; and

WHEREAS, the Parties desire to enter into this Amendment in order to amend the Agreement to reflect the aforementioned.

NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which is hereby confirmed, the Parties agree as follows:

1.           Interpretation

Capitalized and other defined terms used in this Amendment and not otherwise expressly defined herein shall have the same respective meanings as set forth in the Agreement. In the event of any inconsistency between this Amendment and the Agreement, the terms of this Amendment shall prevail.

  

  

  

2.           Amendment

Section 5(a)(i) of the Agreement, stating:

 

 

“(i)(A) The Trading Company shall pay the Trading Advisor a monthly management fee based upon a percentage of the Assets as of the first day of each month (the “Management Fee”) at the applicable rate set forth below;

 

(B) If the Assets as of the first day of a month are:  (i) less than $400,000,000, then the rate of the Management Fee shall equal 1/12th of 1.5% for such month; and (ii) equal to or greater than $400,000,000, then the rate of the Management Fee shall equal 1/12th of 1.25% for such month; and

 

(C) The Management Fee is payable in arrears within 30 Business Days of the end of the month for which it was calculated.  For purposes of this Agreement, “Business Day” shall mean any day on which the securities markets are open in the United States; and”

 

 

is hereby deleted and replaced by a new Section 5(a)(i) of the Agreement, reading as follows:

 

 

“(i) The Trading Company shall pay the Trading Advisor a monthly management fee equal to 1/12th of 1.25% (a 1.25% annual rate) of the Assets as of the first day of each month (the “Management Fee”). The Management Fee is payable in arrears within 30 Business Days of the end of the month for which it was calculated.  For purposes of this Agreement, “Business Day” shall mean any day on which the securities markets are open in the United States; and”

 

 

3.           Representations

Each Party represents to the other Parties that this Amendment has been duly and validly executed, delivered and entered into by it and that this Amendment constitutes a valid and binding agreement of it enforceable against it in accordance with its terms.

4.           Full Force and Effect

Except unless, and to the extent where, expressly stated otherwise in this Amendment, the Agreement shall remain in full force and effect.

5.           Counterparts; Valid Agreement

  

  

  

This Amendment may be executed by the Parties in one or more counterparts, each of which when so executed and delivered shall be deemed an original amendment agreement, and all of which together shall constitute one and the same instrument. This Amendment may be executed and delivered either in hard copy originals or in scanned copies which in either case shall constitute a valid amendment agreement among the Parties.

6.           Governing Law

This Amendment shall be exclusively governed by, and construed in accordance with, the laws of the State of New York.

IN WITNESS WHEREOF, the Parties have executed this Amendment on the respective dates as set forth below.

MORGAN STANLEY SMITH BARNEY TT II, LLC,

by Ceres Managed Futures LLC, the Trading Manager

_/s/ Patrick T. Egan

Name:           Patrick T. Egan

Title:             Director

Date:            September 25, 2014

Place:           New York, NY USA

CERES MANAGED FUTURES LLC

_/s/ Patrick T. Egan      

Name:         Patrick T. Egan

Title:           Director

Date:          September 25, 2014

Place:         New York, NY USA

TRANSTREND B.V.

_/s/ J.P.A. van den Broek___                                                        /s/ A.P. Honig

Name:           J.P.A. van den Broek                                                 Name:        A.P. Honig

Title:             Managing Director                                                    Title:           Executive Director

Date:            September 23, 2014                                                    Date:           September 23, 2014

Place:           Rotterdam, The Netherlands                                   Place:           Rotterdam, The NetherlandsExhibit 4.1DRI-RightsAgreementAmendment

EXHIBIT 4.1

AMENDMENT NO. 2 TO RIGHTS AGREEMENT
 
This Amendment No. 2 to the Rights Agreement (this “Amendment”), dated as of November 11, 2014, is between Darden Restaurants, Inc. (the “Company”), and Wells Fargo Bank, National Association (the “Rights Agent”), as successor to Wachovia Bank, National Association (“Wachovia”).  Capitalized terms used but not defined herein shall have the respective meanings ascribed to them in the Rights Agreement (as defined below).
 
WITNESSETH:
 
WHEREAS, the Company and Wachovia entered into a Rights Agreement, dated as of May 16, 2005 (the “Original Agreement”); 

WHEREAS, pursuant to the Amendment to the Rights Agreement, dated as of June 2, 2006, among the Company, Wachovia and the Rights Agent, the Rights Agent succeeded Wachovia as rights agent under the Original Agreement (“Amendment No. 1” and, together with the Original Agreement, the “Rights Agreement”);

WHEREAS, pursuant to Section 27 of the Rights Agreement, the Company may from time to time supplement or amend the Rights Agreement without the approval of any holders of Right Certificates;
 
WHEREAS, as of the time immediately prior to the execution of this Amendment, the Distribution Date has not occurred; and

WHEREAS, the Company now wishes to amend the Rights Agreement to advance the Final Expiration Date of the Rights and the Rights Agreement as set forth herein.
 
NOW THEREFORE, in consideration of the mutual agreements set forth in the Rights Agreement and this Amendment No. 2 and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto, each intending to be legally bound, do hereby agree as follows:
 
		
	(1)
	The definition of “Final Expiration Date” under Section 7(a) of the Rights Agreement is hereby amended by deleting the date “May 25, 2015” and inserting the date “November 28, 2014.”

		
	(2)
	The form of Rights Certificate attached as Exhibit B to the Original Agreement is hereby amended by deleting the date “May 25, 2015” in all places where such date originally appears and inserting the date “November 28, 2014” in all such places.

		
	(3)
	Except as amended pursuant to this Amendment, the Rights Agreement shall remain and continue in full force and effect in accordance with its terms until the Final Expiration Date. Upon the occurrence of the Final Expiration Date, the Rights shall expire and the Rights Agreement, as amended hereby, shall be terminated and of no further force or 

1
 

effect whatsoever without any further action on the part of the Company or the Rights Agent.

		
	(4)
	The Company and the Rights Agent hereby waive any notice requirements under the Rights Agreement pertaining to this Amendment or any of the matters covered by this Amendment.

		
	(5)
	This Amendment shall be effective as of the date first written above and all references to the Rights Agreement shall, from and after such time, be deemed to be references to the Rights Agreement, as amended hereby.

		
	(6)
	This Amendment shall be deemed to be a contract made under the laws of the State of Florida and for all purposes shall be governed by and construed in accordance with the laws of such state applicable to contracts to be made and performed entirely within such state.  

		
	(7)
	This Amendment may be executed in any number of counterparts and each of such counterparts shall for all purposes be deemed to be an original, and all such counterparts shall together constitute but one and the same instrument.  A facsimile or .pdf signature delivered electronically shall constitute an original signature for all purposes. 

		
	(8)
	By execution of this Amendment by the Company, the Company hereby directs the Rights Agent to execute this Amendment in its capacity as Rights Agent pursuant to the Rights Agreement. The officer of the Company executing this Amendment on behalf of the Company hereby as an appropriate officer of the Company certifies on behalf of the Company that this Amendment is in compliance with the terms of Section 27 of the Rights Agreement. 

[Signature page follows]

2
 

IN WITNESS WHEREOF, the parties to this Amendment have caused this Amendment to be duly executed, all as of the day and year first above written.
 
	
				
	Attest:
	 
	DARDEN RESTAURANTS, INC.

	 
	 
	 
	 

	 
	 
	 
	 

	By:  /s/ Anthony G. Morrow                        
	 
	By:
	/s/ Eugene I. Lee, Jr.

	Name: Anthony G. Morrow
	 
	Name:
	Eugene I. Lee, Jr.

	Title: Assistant Secretary
	 
	Title:
	Interim Chief Executive Officer and President

	 
	 
	 
	 

	 
	 
	 
	 

	Attest:
	 
	WELLS FARGO BANK, NATIONAL ASSOCIATION

	 
	 
	 
	 

	 
	 
	 
	 

	By:  /s/ Matthew D. Paseka                         
	 
	By:
	/s/ Andrea Severson

	Name: Matthew D. Paseka
	 
	Name:
	Andrea Severson

	Title: Vice President
	 
	Title:
	AVP - Client Services

[Signature page to Amendment No. 2 to Renewed Rights Agreement]

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00237-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00237-of-00352.parquet"}]]