Document:

Exhibit 10.1

 

MARKETING
CONSULTANCY AGREEMENT

 

MARKETING
CONSULTANCY AGREEMENT (this “Agreement”) is entered into as of December 5, 2020, by and between “Old Bailey Consultancy
Limited”, a company duly existing under the laws of Delaware, USA (the “Company”), and MMPC World Company, HKBR no.
56914475 (the “Client”). The Company and the Client shall collectively be referred to herein as the “Parties.”

 

RECITALS

 

A.
The Company desires to provide the services as Marketing Consultant and to advise the Client with respect to company management, marketing
opportunities and is therefore willing to engage the Client upon the terms and conditions set forth herein; and

 

B.
The Client agrees to be engaged and retained by the Company upon the terms and conditions set forth herein.

 

AGREEMENT

 

NOW,
THEREFORE, in consideration of the agreements and obligations set forth herein and for other good and valuable consideration, the receipt
and sufficiency of which are hereby acknowledged, the parties hereby covenant and agree as follows:

 

	1.	Marketing
                                            consultancy services (hereinafter “Marketing Consultancy Services”). The
                                            Company shall provide marketing consultancy to the Client, which shall include:

 

	 	i.	Pricing
    Strategy;
	 	ii.	Service
    and Product Development Strategy;
	 	iii.	Market
    Positioning Strategy;
	 	iv.	Competitive
    Analysis;
	 	v.	Social
    Media and Online Presence;
	 	vi.	Offline
    Marketing Events;
	 	vii.	Online
    Marketing Funnel Building; and
	 	viii.	Budgeting

 

The
above scope will be based on the recommendation given by the Company to its client and shall be agreed by the client before execution
by the The Client that the Company engage with to avail itself of its experience, skills, abilities, knowledge and background.

 

	2.	Terms.
    The terms of this Agreement shall commence as of the date hereof and shall be effective for a period of ONE (1) year (the “Terms”).
    This Agreement may be extended under the same terms by mutual agreement between The Client and the Company.
	 	 
	3.	Direction,
    Control and Coordination. The Company shall perform the Marketing Consultancy Services under the sole direction and with the
    approval of the Company. 

 

    	 

    	 

    

 

	4.	Standard
    of Performance. The Company shall use its best reasonable efforts to perform the Marketing Consultancy Services as an advisor
    to the Client in an efficient, trustworthy and professional manner. The Client shall perform the Marketing Consultancy Services to
    the sole satisfaction of, and in conjunction and cooperation with, the Client.
	 	 
	5.	Compensation.
    In exchange for the Marketing Consultancy Services, the Client shall pay to the Company US$5,000.00 as marketing consultancy
    fee charged upon the completion of the Marketing Consultancy Services.
	 	 
	6.	Confidential
    Information. The Company recognizes and acknowledges that by reason of performance of the Company’s Marketing Consultancy
    Services and duties to the Client (both during the Term and before or after it) The Company has had and will continue to have access
    to confidential information of the Client and its affiliates, including, without limitation, information and knowledge pertaining
    to products and services offered, inventions, innovations, designs, ideas, plans, trade secrets, proprietary information, advertising,
    distribution and sales methods and systems, and relationships between the Client and its affiliates and customers, clients, suppliers
    and others who have business dealings with the Client and its affiliates (“Confidential Information”). The Company acknowledges
    that such Confidential Information is a valuable and unique asset and covenants that it will not, either during or for THREE (3)
    years after the term of this Agreement, disclose any such Confidential Information to any person for any reason whatsoever or use
    such Confidential Information (except as its duties hereunder may require) without the prior written authorization of the Client,
    unless such information is in the public domain through no fault of the Company or except as may be required by law. Upon the Client’s
    request, the Company will return all tangible materials containing Confidential Information to the Client.
	 	 
	7.	Relationship.
    This agreement does not create, and shall not be construed to create, any joint venture or partnership between the parties, and
    may not be construed as an employment agreement. No officer, employee, agent, servant, or independent contractor of the Company nor
    its affiliates shall at any time be deemed to be an employee, agent, servant, or broker of the Client for any purpose whatsoever
    solely as a result of this Agreement, and the Comany shall have no right or authority to assume or create any obligation or liability,
    express or implied, on the Client’s behalf, or to bind the Client in any manner or thing whatsoever.
	 	 
	8.	Notices.
    Any notice required or desired to be given under this Agreement shall be in writing and shall be deemed given when personally
    delivered, sent by an overnight courier service, or sent by certified or registered mail to the parties addresses.
	 	 
	9.	Severability.
    The invalidity or unenforceability of any provision hereof shall in no way affect the validity or enforceability of any other
    provisions of this Agreement.
	 	 
	10.	Applicable
    Law. The validity, interpretation and performance of this Agreement shall be controlled by and construed under the laws of Hong
    Kong.

 

    	 

    	 

    

 

	11.	Assigns
    and Assignment. This Agreement shall extend to, inure to the benefit of and is binding upon the parties hereto and their respective
    permitted successors and assigns; provided, however, that this Agreement may not be assigned or transferred, in whole or in part,
    by the Company except with the prior written consent of the Client.
	 	 
	12.	Waiver
    of Breach. The waiver by either party of a breach of any provision of this Agreement by the other shall not operate or be construed
    as a waiver of any subsequent breach by such party. No waiver shall be valid unless in writing and signed by an authorized officer
    of the Company or the Client.
	 	 
	13.	Entire
    Agreement. This Agreement contains the entire understanding of the parties with respect to its subject matter. It may not be
    changed orally but only by an agreement in writing signed by the party against whom enforcement of any waiver, change, modification,
    extension, or discharge is sought.
	 	 
	14.	Counterparts.
    This Agreement may be executed by facsimile and in counterparts each of which shall constitute an original document, and both
    of which together shall constitute the same document. 

 

IN
WITNESS WHEREOF, the parties have executed this Agreement on the day and year first above written.

 

	

For and on behalf of:

	Accepted by:

For and on behalf of:

	 	 
	 	/s/
    So Man Kit	 	/s/
    S.C Ng
	 	Old Bailey Consultancy Limited
    	 	MMPC World Company
	Name:	So Man Kit	Name:	S.C. Ng
	Title:	Director 	Title:	OfficerExhibit 4.1

  

  

  

  
    Execution Version

    

    

    FOURTH SUPPLEMENTAL INDENTURE

     

    FOURTH SUPPLEMENTAL INDENTURE (this “Fourth Supplemental
      Indenture”), dated as of August 17, 2021, between W. R. Grace & Co.-Conn, a Connecticut corporation (the “Company”) and Wilmington Trust, National Association, as trustee under the indenture referred to below (the “Trustee”).

     

    W I T N E S S E T H:

     

    WHEREAS, the Company and the Guarantors party thereto have heretofore executed and delivered to the Trustee (1) an indenture dated September 16, 2014
      (the “Base Indenture”), (2) a first supplemental indenture, dated as of September 16, 2014 (the “First Supplemental Indenture”), providing for the issuance of the 5.125% Notes due 2021 and the 5.625% Notes due 2024 (the “2024 Notes”) and the
      accession of certain Guarantors party thereto, (3) a second supplemental indenture, dated as of April 3, 2018 (the “Second Supplemental Indenture”), providing for the accession and release of certain Guarantors (as defined in the Indenture) and (4) a
      third supplemental indenture, dated as of June 26, 2020 (the “Third Supplemental Indenture” and, together with the First Supplemental Indenture and the Second Supplemental Indenture, collectively, the “Supplemental Indentures”; and the Base
      Indenture, as amended, supplemented or otherwise modified by the Supplemental Indentures, as applicable, the “Indenture”), providing for the issuance of the 4.875% Notes due 2027 (the “2027 Notes” and, together with the 2024 Notes, collectively the
      “Notes”).

     

    WHEREAS, $300,000,000 aggregate principal amount of the 2024 Notes is currently outstanding;

     

    WHEREAS, $750,000,000 aggregate principal amount of the 2027 Notes is currently outstanding;

     

    WHEREAS, on July 12, 2020, the Company redeemed all of the 5.125% Notes due 2021;

     

    WHEREAS, W. R. Grace & Co. (the “Parent”) has entered into that certain Agreement and Plan of Merger, dated as of April 26, 2021, by and among the
      Parent, W. R. Grace Holdings LLC (“Grace Holdings”), a Delaware limited liability company and wholly owned subsidiary of Standard Industries Holdings Inc., and Gibraltar Merger Sub Inc., a newly formed Delaware corporation and wholly owned subsidiary
      of Grace Holdings (“Merger Sub”), pursuant to which Merger Sub will merge with and into the Parent (the “Merger”), with the Parent surviving the Merger as a wholly owned subsidiary of Grace Holdings;

     

    WHEREAS, in connection with the Merger, Grace Holdings has issued an Offering Memorandum and Consent Solicitation Statement, dated as of August 3,
      2021 (the “Offering Memorandum and Consent Solicitation Statement”), pursuant to which Grace Holdings has offered to exchange (the “Exchange Offer”) any and all outstanding Notes for notes issued by Grace Holdings, and Grace Holdings and the Company
      have solicited (the “Consent Solicitation”) the Holders to direct the Trustee to execute and deliver amendments to the Indenture as set forth in Article I hereof (the “Amendments”);

     

    
      
        

    

    
    WHEREAS, Section 9.02 of the Indenture, as applicable, provides that, the Indenture or the Notes of any series may be amended or supplemented with the
      consent of the Holders of at least a majority in aggregate principal amount of the outstanding Notes of such series (the “Requisite Consents”) (including, without limitation, consents obtained in connection with a purchase of, or a tender offer or
      exchange offer for, the Notes);

     

    WHEREAS, the Company desires and has requested the Trustee to join with it in entering into this Fourth Supplemental Indenture for the purpose of
      amending certain provisions of the Indenture and the Notes, as permitted by Section 9.02 of the Indenture;

     

    WHEREAS, (1) the Company has received the consent of the Holders of at least a majority in principal amount of the outstanding Notes of each series,
      all as certified by an Officers’ Certificate (as defined in the Indenture) delivered to the Trustee simultaneously with the execution and delivery of this Fourth Supplemental Indenture, (2) the Company has delivered to the Trustee simultaneously with
      the execution and delivery of this Fourth Supplemental Indenture an Opinion of Counsel (as defined in the Indenture) relating to this Fourth Supplemental Indenture as contemplated by Section 9.06 of the Indenture and (3) the Company has satisfied all
      other conditions required under Article 9 of the Indenture to enable the Company and the Trustee to enter into this Fourth Supplemental Indenture.

     

    NOW, THEREFORE, in consideration of the foregoing and for other good and valuable consideration, the receipt of which is hereby acknowledged, the
      parties mutually covenant and agree for the equal and ratable benefit of the Holders of the Notes as follows:

     

    ARTICLE I

     

    AMENDMENTS TO BASE INDENTURE, SUPPLEMENTAL INDENTURES AND NOTES

     

    Section 1.1 Amendments to Articles VI and X of the Base Indenture. The Indenture is hereby amended by deleting the following Articles, Sections or clauses of the Base Indenture in respect of the Notes and all references and
      definitions related thereto in their entirety:

     

    Sections 6.01 (3) through (8) (Defaults and Remedies); and

    Article X (Guarantee).

    

    

    Section 1.2 Amendments to First Supplemental Indenture and Third Supplemental Indenture. The First Supplemental Indenture is hereby amended by deleting the following Articles, Sections or clauses of such First Supplemental
      Indenture and all references and definitions related thereto in their entirety:

     

    Section 4.03 (Reports);

    Section 4.05 (Existence);

    Section 4.06 (Limitations on Liens);

    Section 4.07 (Limitations on Sale and Leaseback Transactions);

    Section 4.08 (Exemption from Limitations on Sale and Leaseback Transactions);

    Section 4.09 (Repurchase at the Option of Holders upon a Change of Control Triggering Event);

     

    

    
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    Section 4.10 (Additional Guarantees); and

    Article 10 (Guarantees).

    

    

    The Third Supplemental Indenture is hereby amended by deleting the following Articles, Sections or clauses of such Third Supplemental Indenture and all
      references and definitions related thereto in their entirety:

    

    

    Section 4.03 (SEC Reports);

    Section 4.05 (Existence);

    Section 4.06 (Limitations on Liens);

    Section 4.07 (Limitations on Sale and Leaseback Transactions);

    Section 4.08 (Exemption from Limitations on Sale and Leaseback Transactions);

    Section 4.09 (Repurchase at the Option of Holders upon a Change of Control Triggering Event);

    Section 4.10 (Additional Guarantees);

    Sections 6.01(a)(3) through (8) (Defaults and Remedies); and

    Article 10 (Guarantees).

    

    

    Section 1.3 Amendments to Notes. The Notes are hereby amended to delete all provisions inconsistent with the amendments to the Indenture effected by this Fourth Supplemental Indenture.

     

    ARTICLE II

     

    MISCELLANEOUS PROVISIONS

     

    Section 2.1 Defined Terms. For all purposes of this Fourth Supplemental Indenture, except as otherwise defined or unless the context otherwise requires, terms used in capitalized form in this Fourth Supplemental Indenture and
      defined in the Indenture have the meanings specified in the Indenture.

     

    Section 2.2 Trustee Makes No Representation. The Trustee makes no representation as to the validity or sufficiency of this Fourth Supplemental Indenture or with respect to the recitals contained herein, all of which recitals
      are made solely by the other parties hereto.

     

    Section 2.3 Ratification. Except as expressly amended hereby, the Indenture is in all respects ratified and confirmed and all the terms, conditions and provisions thereof shall remain in full force and effect. This Fourth
      Supplemental Indenture shall form a part of the Indenture for all purposes, and every Holder heretofore or hereafter authenticated and delivered shall be bound hereby.

     

    Section 2.4 Counterpart. The parties may sign any number of copies of this Fourth Supplemental Indenture. Each signed copy shall be an original, but all of them together represent the same agreement. The exchange of copies of
      this Fourth Supplemental Indenture and of signature pages by facsimile or PDF transmissions shall constitute effective execution and delivery of this Fourth Supplemental Indenture as to the parties hereto and may be used in lieu of the original
      Fourth Supplemental Indenture for all purposes. Signatures of the parties hereto transmitted by facsimile or PDF shall be deemed to be their original signatures for all purposes.

     

    
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    Section 2.5 Performance by DTC, Euroclear or Cede & Co. Neither the Company nor the Trustee shall have any responsibility for the performance of DTC, Euroclear or Cede & Co., or any of their participants, direct or
      indirect, of their respective obligations under the rules and procedures governing their operations.

     

    Section 2.6 Effect of Headings. The Article and Section headings herein have been inserted for convenience of reference only, are not to be considered a part hereof and shall in no way modify or restrict any of the terms or
      provisions hereof.

     

    Section 2.7 Governing Law. This Fourth Supplemental Indenture shall be governed by, and construed in accordance with, the laws of the State of New York, without regard to principles of conflicts of law.

     

    Section 2.8 Provisions for the Sole Benefit of Parties and Holders. Nothing in the  Indenture, as supplemented, amended and modified by this Fourth Supplemental Indenture, or in the Notes, expressed or implied, is intended or
      shall be construed to confer upon, or to give or grant to, any person or entity, other than the Company, the Trustee, the Paying Agent and the registered owners of the Notes, any legal or equitable right, remedy or claim under or by reason of the
      Indenture or any covenant, condition or stipulation hereof, and all covenants, stipulations, promises and agreements in the Indenture contained by and on behalf of the Company shall be for the sole and exclusive benefit of the Company, the Trustee,
      the Paying Agent and the registered owners of the Notes.

     

    Section 2.9 Effectiveness. The provisions of this Fourth Supplemental Indenture shall be effective only upon execution and delivery of this instrument by the parties hereto. Notwithstanding anything herein to the contrary, the
      amendments to the Indenture set out in Article 1 of this Fourth Supplemental Indenture shall become operative only upon the Settlement Date of the Consent Solicitations and the related Exchange Offers (each, as defined in the Offering Memorandum and
      Consent Solicitation Statement), with the result that such amendments shall be deemed to be revoked retroactive to the date hereof if such Settlement Date (as defined in the Offering Memorandum and Consent Solicitation Statement) shall not occur. As
      a consequence of the amendments effected hereby, the guarantees of the Guarantors will be terminated and shall be of no further force or effect as of the Settlement Date, and the Guarantors will be released from all obligations under the Indenture,
      the Notes and such guarantees, as of the Settlement Date. The Company shall notify the Trustee in writing (which may be by email) promptly after the occurrence of such Settlement Date and the related Exchange Offers or promptly after the Company
      shall determine that such Settlement Date will not occur; provided that any failure of the Company to notify the Trustee pursuant to this
      sentence, or any defect in such notice, (i) shall not constitute a Default or Event of Default under the Indenture, as applicable and (ii) shall not, in any way impair or affect the validity or effectiveness of this Fourth Supplemental Indenture.

     

    [THE REMAINDER OF THIS PAGE IS INTENTIONALLY LEFT BLANK]

     

    
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    IN WITNESS WHEREOF, the parties hereto have caused this Fourth Supplemental Indenture to be duly executed, all as of the date first written above.

     

    Dated: August 17, 2021

     

    	 	
            W. R. GRACE & CO.-CONN.

          
	 	 	 
	 	
            By:

          	
            /s/ Cherée Johnson

          
	 	
            Name:

          	
            Cherée Johnson

          
	 	
            Title:

          	
            SVP  - General Counsel & Corporate Secretary

          

    

    

    Signature Page to Fourth Supplemental Indenture

      

    

    
      
        

    

    	 	
            WILMINGTON TRUST, NATIONAL ASSOCIATION, AS TRUSTEE

          
	 	 	 
	 	
            By:

          	
            /s/ Quinton M. DePompolo

          
	 	
            Name:

          	
            Quinton M. DePompolo

          
	 	
            Title:

          	
            Banking Officer

          

    

    

    Signature Page to Fourth Supplemental Indenture

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