Document:

Exh 10.6* - Amendment 19 (Q3-2013)

CONFIDENTIAL TREATMENT REQUESTED FOR PORTIONS OF THIS DOCUMENT. PORTIONS FOR WHICH CONFIDENTIAL TREATMENT IS REQUESTED HAVE BEEN MARKED WITH THREE ASTERISKS [***] AND A FOOTNOTE INDICATING “CONFIDENTIAL TREATMENT REQUESTED”. MATERIAL OMITTED HAS BEEN FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION.

AMENDMENT NO. 19 TO MASTER SERVICES AGREEMENT

This AMENDMENT No. 19 (the “Amendment”) to Master Services Agreement is entered into July 1,  2013 (the “Amendment Effective Date”) by and between Hughes Network Systems, LLC (“HNS”) located at 11717 Exploration Lane, Germantown MD 20876, and Row 44, Inc. (“Row 44” or “Customer”) located at 4353 Park Terrace Drive Westlake Village, CA 91361. 
 
Whereas, Row 44 and HNS entered into a Master Services Agreement on or about December 28, 2007 (hereafter referred to as the “MSA”) which agreement has been heretofore amended on a number of prior occasions; and 

Whereas, Row 44 now desires to purchase and HNS desires to sell, certain services enabling the provision of additional capacity for European aeronautic services, which services are substantially similar to the services provided pursuant to the MSA, as previously amended; and

WHEREAS, the parties now desire to amend the terms of the MSA to cover the provision and purchase of the services herein described; the delivery dates for space segment and other services contained in this MSA will be as specified in Section 3 below.
 
Now therefore, for and in consideration of the mutual covenants and promises contained herein, and other good and valuable consideration, the receipt and legal sufficiency of which are hereby acknowledged, Row 44 and HNS hereby agree as follows:

1.        BACKGROUND

HNS currently provides Equipment and Services to Customer which enables Customer to provide an Internet access services to passengers on commercial aircraft in Europe using the *** and *** Satellites (which airborne Internet access service is hereafter referred to as the “Aero-Service”).  Customer now desires to:
		
	•
	Initiate Aero Services using the *** satellite on or about July 1, 2013, 

		
	•
	Discontinue the use of the *** satellite on or about December 31, 2013, 

		
	•
	Expand capacity on *** satellite prior to the discontinuing of *** service

This Amendment sets forth a description of the space segment to be provided by HNS to enable these Aero-Services, as well as certain other services to be provided by HNS which are required for these Services.  

2.        TERM OF SERVICES UNDER THIS AMENDMENT

The term of the Services to be provided hereunder will continue through December 31, 2018.  

3.    SATELLITE CAPACITY, RELATED SERVICES AND ASSOCIATED PRICING

*** Confidential treatment requested.

PAGE 1 OF 1

Customer will purchase and HNS will sell, certain satellite capacity and related services on the *** 

Satellite through December 31, 2013.  Customer must discontinue the use of this Satellite by a date not 
later than said date.  A description of this capacity and these services is set forth in Subsection A above.  
In addition, commencing on July 1, 2013, and continuing through December 31, 2018, Customer will also purchase and HNS will sell, certain satellite capacity and related services on the *** Satellite.  Initially, these services will be provided through the use of an RFT and NOC located at Intelsat’s facility in Fuchsstadt, Germany.  Later, by a date currently estimated to be in January 2014, services will be transitioned to a NOC and RFT located at HNS’ facility in Greisheim, Germany.  A description of this capacity and services, as well as the prices therefor, is set forth in Subection B below.   The pricing does not include any taxes or VAT or other fees, or any applicable shipping or customs duties that may apply. The *** capacity is sold “as is” and is not subject to any possible early termination, either for incompatibility with Customer’s application or otherwise.

		
	A.
	*** Capacity and Related Services:

	
				
	Time Frame
	Description
	Price/Unit/Mo.
	Total Price per month

	Current through 12/31/13
	*** MHz of capacity
	***
	***

	Current through 12/31/13
	NOC Operations and Maintenance
	***
	***

	July 1, 2013 through December 31, 2013
	Special Discount
	***
	***

		
	B.
	*** Capacity and Related Services

	
				
	Time Frame
	Description
	Price/Unit/Mo.
	Total Price per month

	7/1/13 through 12/31/13*
	*** MHz of outroute capacity
	***
	***

	7/1/13 through 12/31/13*
	*** MHz of inroute capacity
	***
	***

	7/1/13 through 12/31/13
	Special Discount for first six months
	***
	***

	1/1/14 through 12/31/18
	*** MHz of outroute capacity
	***
	***

	1/1/14 through 12/31/18
	*** MHz of inroute capacity
	***
	***

	7/1/13 through date Greisheim RFT is activated
	NOC Operations and Maintenance
	***
	***

	Date of activation of Greisheim RFT through 12/31/18
	NOC Operations and Maintenance per *** Outroute
	***
	***

	7/1/13 through date Greisheim RFT is activated
	Uplinking Charge for Outroute 1
	***
	***

	7/1/2013
	Setup Fee for Uplinking for Outroute 1
	***
	***

*** Confidential treatment requested.

PAGE 2 OF 2

	
				
	Date of Activation of Outroute 2 through date Greisheim RFT is activated (applicable  if Outroute 2 is activated before 
commissioning of Greisheim RFT)
	Uplinking Charge for Outroute 2 (if applicable)
	***
	***

	Date of Activation of Outroute 2 (applicable if Outroute 2 is activated before commissioning of Greisheim RFT)
	Setup Fee for Uplinking for Outroute 2
	***
	***

	Date of Activation of Greisheim RFT through 12/31/18
	Uplinking Fee for Outroute 1
	***
	***

	Date of Activation of Outroute 2 on Greisheim RFT through 12/31/18
	Uplinking Fee for Outroute 2
	***
	***

	Availability date of fiber backhaul through 12 months minimum
	*** Mbps Backhaul Circuit
	***
	***

	July 1, 2013
	Backhaul setup fee
	***
	***

	7/1/13 through date   of availability of fiber backhaul
	*** Mbps VPN Backhaul between Fuchsstadt and Greisheim
	***
	***

	7/1/2013
	Setup fee for VPN backhaul between Fuchsstadt and Greisheim
	***
	***

	7/1/13 through date Greisheim RFT is activated
	Co-location charge at Fuchsstadt
	***
	***

	1/1/14 through 12/31/18
	2013 Deferred Bandwidth Charge
	***
	***

	1/1/14 through 12/31/18
	Special Discount
	***
	***

		
	C.
	Ancillary Griesheim Services

		
	a.
	Rack Hosting Monthly Fee:  ***

		
	b.
	*** Mbps Internet Access: ***

HNS also agrees that the incremental NOC Operations and Maintenance Charge when the number of outroutes exceeds three (3) will not exceed *** per month.

3.    OTHER TERMS

Except as amended herein, all terms and conditions of the MSA as amended shall remain in full force and effect. 

*** Confidential treatment requested.
    

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IN WITNESS WHEREOF, the Parties hereto have caused this Amendment No. 3 to be executed as of the Amendment Effective Date by and through their duly authorized representatives.

Hughes Network Systems, LLC            Row 44, Inc.

By: /s/ Philip K. O’Brien                By: /s/ John LaValle            

Title: VP Legal                        Title: CEO                

Date:     6/26/13                        Date:    25 June ‘13_______________

PAGE 4 OF 4RRMS 9.30.13 EXHIBIT 10.1

EXHIBIT 10.1

ROSE ROCK MIDSTREAM GP, LLC

Board of Directors
Compensation Plan
Effective December 1, 2013

Total annual compensation for the non-executive Board members of Rose Rock Midstream GP, LLC will be paid both in a cash retainer and in equity.

	
				
	 
	Total Compensation 1
	Annual Cash Retainer
	Annual Equity Grant 2

	Members - Board Only
	$138,600
	$70,300
	$68,300

	Chairman - Audit Committee
	$153,600
	$85,300
	$68,300

	Chairman - Conflicts Committee
	$146,100
	$77,800
	$68,300

		
	A.
	Board members will receive equity as restricted units which shall fully vest on the first anniversary date of the grant.

		
	B.
	Board members will be required to retain all units received as compensation while they are serving as members of the Board; provided,  however, (i) that Board members will be able to sell units to cover tax liability associated with vesting of restricted units and (ii) that vested units can be transferred: (1) to his or her revocable grantor trust in which such Director is the sole primary beneficiary; (2) to a trust maintained for the benefit of the spouse or minor child of the Director of which the Director serves as trustee; and (3) to the spouse of the director to be held in common ownership with such Director.

		
	C.
	Each Board member shall receive the highest Total Compensation he or she is entitled to pursuant to the above table.  No Board member shall be entitled to compensation from more than one row of the table set forth above.

		
	D.
	The number of restricted units received shall be determined by dividing the dollar amount of the grant by the value of a common unit on the date the grant is made.

		
	E.
	Board members will receive their annual cash compensation and equity awards in advance for each plan year, which shall commence on (December 1) of each year.  Cash compensation and equity awards shall be pro-rated for any Director whose service commences after (December 1).

1  Total compensation is the sum of the cash and equity retainers paid on an annual basis.  
2  All equity grants will be made under the Rose Rock Midstream Equity Incentive Plan.RPT-2013.09.30-EX10.1-Amended and Restated Expense Support Agreement

Exhibit 10.1

FIRST AMENDED AND RESTATED 
EXPENSE SUPPORT AGREEMENT

This First Amended and Restated Expense Support Agreement (this “Agreement”) is made this 11th day of November, 2013, by and between RREEF Property Trust Inc., a Maryland corporation (the “Company”), and RREEF America L.L.C., a Delaware limited liability company (the “Advisor,” and together with the Company, the “Parties”). 

Capitalized terms used and not otherwise defined herein shall have the meaning ascribed to them in the Advisory Agreement, dated as of December 21, 2012, by and among the Company, Advisor, and RREEF Property Operating Partnership, LP, the Company’s operating partnership (the “Operating Partnership”), as amended (the “Advisory Agreement”).
 
WHEREAS, the Company intends to invest in a diversified portfolio of high quality, income-producing real estate properties and other real estate-related assets, primarily with the proceeds from its continuous public offering of shares of its common stock (the “Offering”);
 
WHEREAS, the Company, the Advisor and the Operating Partnership have entered into the Advisory Agreement, which, among other things, provides for the reimbursement by the Company to the Advisor for Organizational and Offering Expenses and other expenses incurred by the Advisor on behalf of the Company and the Operating Partnership; 

WHEREAS, the Company and the Advisor previously entered into that certain Expense Support Agreement, dated May 29, 2013 (the “Original Agreement”), pursuant to which the Advisor may pay a portion of the Company’s Total Operating Expenses and Organizational and Offering Expenses during the Company’s early stages of operations; and

WHEREAS, the Company and the Advisor now desire to amend and restate the Original Agreement.
 
NOW, THEREFORE, in consideration of the foregoing and of the mutual covenants and agreements contained herein, the Parties hereto agree as follows:
 
1.  Expense Payments.  

The Advisor has incurred expenses, and may incur additional expenses, relating to the Company that are not required to be reimbursed according to the terms of Section 12(d) of the Advisory Agreement, including without limitation, certain Organizational and Offering Expenses and Operating Expenses.  Any such expenses paid to third parties by the Advisor pursuant to the preceding sentence shall be referred to herein as an “Expense Payment.”  Expense Payments by the Advisor will continue under this Agreement until the earlier of the date the Company receives $200 million in aggregate gross proceeds from the Offering or the date the aggregate Expense Payments by the Advisor under this Agreement (which, for the avoidance of doubt, includes the Original Agreement) exceed $5.1 million.  The Advisor shall not make any Expense Payment that would adversely affect the Company’s ability to qualify and maintain its qualification as a REIT for federal tax purposes.

2.   Reimbursement Payments to the Advisor.  

(a)   Commencing with the earlier of (i) the calendar quarter beginning on January 1, 2015 or (ii) the calendar quarter in which the Company receives $200 million in aggregate gross proceeds from the Offering, within five business days after the end of such quarter and each calendar quarter thereafter, the Company shall pay to the Advisor an amount calculated pursuant to this Section 2 until the aggregate of all Expense Payments have been reimbursed by the Company. Any payment required to be made by the Company pursuant to this Section 2(a) shall be referred to herein as a “Reimbursement Payment.”  Notwithstanding the foregoing, the Company may, in its sole discretion, reimburse the 

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Advisor for all or any portion of the Expense Payments at any time in advance of the date that such reimbursements would otherwise be due pursuant to this Section 2.

(b)   The amount of the Reimbursement Payment for any calendar quarter in which a Reimbursement Payment is required shall equal the lesser of (i) $250,000 and (ii) the aggregate amount of all Expense Payments made by the Advisor prior to the last day of such calendar quarter that have not been previously reimbursed by the Company to the Advisor; provided, however, that the amount of such Reimbursement Payment shall be reduced by an amount necessary to ensure that (x) such Reimbursement Payment, when taken together with the Company’s cumulative Total Operating Expenses for the four fiscal quarters ending with such calendar quarter, will not cause the Company to exceed the 2%/25% Guidelines or, if an excess over the 2%/25% Guidelines has been previously approved by the Company’s independent directors, such approved excess, and (y) the Company’s ability to qualify and maintain its qualification as a REIT for federal tax purposes is not adversely affected. In the event that a Reimbursement Payment is reduced pursuant to this Section 2(b), such Reimbursement Payment shall remain subject to reimbursement by the Company to the Advisor in a future quarter pursuant to this Section 2.  

(c)   The Reimbursement Payment for any calendar quarter shall be paid by the Company to the Advisor in cash. 

3. Termination and Survival. 

(a)   This Agreement shall become effective as of the date of this Agreement and shall continue until terminated pursuant to Section 3(b), 3(c) or 3(d) or by the mutual agreement of the Parties. 

(b)   This Agreement may be terminated by the Advisor at any time, without the payment of any penalty, upon 30 days’ notice. 

(c)  This Agreement may be terminated by the Company at any time, without the payment of any penalty, upon 30 days’ notice.

(d)   This Agreement shall automatically terminate in the event of (i) the termination by the Company of the Advisory Agreement for Cause or (ii) a determination by the Board to dissolve or liquidate the Company. 

(e)   In the event that this Agreement is terminated by the Advisor pursuant to Section 3(b) or automatically terminated pursuant to Section 3(d), the Company shall continue to make Reimbursement Payments to the Advisor pursuant to Section 2(b) for all Expense Payments which have not been previously reimbursed by the Company. In the event that this Agreement is terminated by the Company pursuant to Section 3(c), within 30 days after such termination, the Company shall reimburse the Advisor for all Expense Payments which have not been previously reimbursed by the Company. At the discretion of the Company, such reimbursement may be in the form of cash, a non-interest bearing promissory note with equal monthly principal payments over a term of no more than five years, or any combination thereof.

(f)   Sections 3 and 4 of this Agreement shall survive any termination of this Agreement.  

4. Miscellaneous 

(a)   The captions of this Agreement are included for convenience only and in no way define or limit any of the provisions hereof or otherwise affect their construction or effect. 

(b)   This Agreement contains the entire agreement of the Parties and supersedes all prior agreements, understandings and arrangements with respect to the subject matter hereof. Notwithstanding the place where this Agreement may be executed by any of the Parties hereto, this Agreement shall be construed in accordance with the laws of the State of New York. Nothing in this Agreement shall be deemed to require the Company to take any action contrary to the Company’s Articles of Amendment and Restatement or Bylaws, as each may be amended or restated, 

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or to relieve or deprive the board of directors of the Company of its responsibility for and control of the conduct of the affairs of the Company. 

(c)   If any provision of this Agreement shall be held or made invalid by a court decision, statute, rule or otherwise, the remainder of this Agreement shall not be affected thereby and, to this extent, the provisions of this Agreement shall be deemed to be severable. 

(d)   The Company shall not assign this Agreement or any right, interest or benefit under this Agreement without the prior written consent of the Advisor. 

(e)   This Agreement may be amended in writing by the mutual consent of the Parties. This Agreement may be executed by the Parties on any number of counterparts, delivery of which may occur by facsimile or as an attachment to an electronic communication, each of which shall be deemed an original, and all of said counterparts taken together shall be deemed to constitute one and the same instrument. 

IN WITNESS WHEREOF, the Parties hereto have caused this Expense Support Agreement to be executed by their duly authorized representatives as of the date first written above.
 
RREEF PROPERTY TRUST, INC.
 
    
By:    /s/ James N. Carbone        
James N. Carbone
Chief Executive Officer and President 
 
    
By:    /s/ Julianna S. Ingersoll        
Julianna S. Ingersoll
Chief Financial Officer and Vice President 

RREEF AMERICA L.L.C.
 
    
By:    /s/ Marlena Casellini        
Marlena Casellini
Managing Director

    
By:    /s/ Aimee Samford        
Aimee Samford
Director

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