Document:

EX-10.1

 Exhibits 10.1 

FIRST AMENDMENT TO THE THIRD AMENDED AND RESTATED ADVISORY AGREEMENT 

THIS FIRST AMENDMENT TO THE THIRD AMENDED AND RESTATED ADVISORY AGREEMENT (this “Amendment”), dated as of February 17,
2016, is entered into by and among Industrial Property Trust Inc., a Maryland corporation (the “Corporation”), Industrial Property Operating Partnership LP, a Delaware limited partnership (the “Operating
Partnership”), and Industrial Property Advisors LLC, a Delaware limited liability company (the “Advisor”). The Corporation, the Operating Partnership and the Advisor are each a “Party” and collectively, the
“Parties.” Capitalized terms used but not defined herein shall have the meanings ascribed to such terms in the Advisory Agreement (as defined below). 

WHEREAS, the Parties entered into that certain Third Amended and Restated Advisory Agreement (the “Advisory Agreement”),
dated as of August 14, 2015, pursuant to which the Advisor agreed to provide certain services to the Corporation and the Operating Partnership; 

WHEREAS, the Parties previously have reached an agreement and understanding that for each Non-Development Real Property acquired, the
Acquisition Fee is an amount equal to 2.0% of the Contract Purchase Price of the Non-Development Real Property (or the Corporation’s proportional interest therein), including Real Property held in Joint Ventures or other entities that are
co-owned; and 
 WHEREAS, the Parties desire to amend the Advisory Agreement to clarify that the Acquisition Fee to be paid to the Advisor
with respect to each Non-Development Real Property acquired, including any interest in a Non-Development Real Property acquired by the Corporation by investing in a real estate related entity, is an amount equal to 2.0% of the Contract Purchase
Price. 
 NOW, THEREFORE, in consideration of the premises and the mutual agreements, representations and warranties herein set forth, and
for other good and valuable consideration, the Parties do hereby agree as follows: 
 1. The Advisory Agreement is hereby amended such that
the sixth sentence of Section 9(a) shall now read in its entirety as follows: 
 “With respect to Non-Development Real Properties, the
Advisor is also entitled to receive Acquisition Fees of (i) 2.0% of the Corporation’s proportionate share of the Contract Purchase Price of the Real Property owned by any real estate related entity in which the Corporation acquires a
majority economic interest or that the Corporation consolidates for financial reporting purposes in accordance with GAAP and (ii) 2.0% of the Contract Purchase Price in connection with the acquisition of an interest in any other real estate
related entity.” 
 2. This Amendment constitutes an amendment to the Advisory Agreement. The terms and provisions of the Advisory
Agreement and all other documents and instruments relating and pertaining to the Advisory Agreement shall continue in full force and effect, as amended hereby. In the event of any conflict between the provisions of the Advisory Agreement and the
provisions of this Amendment, the provisions of this Amendment shall control. 
 3. This Amendment (a) shall be binding upon the Parties,
their Affiliates and their respective successors and permitted assigns; (b) may be changed, modified or amended only by a writing signed by each of the Parties or their respective successors or assignees; (c) may be executed in several counterparts,
and each counterpart, when so executed and delivered, shall constitute an original agreement, and all such separate counterparts shall constitute but one and the same agreement; and (d) together with the Advisory Agreement, embodies the entire
agreement and understanding among the Parties with respect to the subject matter hereof and supersedes all prior and contemporaneous agreements, consents, understandings, inducements and conditions, express or implied, oral or written, of any nature
whatsoever relating to such subject matter. The express terms hereof control and supersede any course of performance and/or usage of the trade inconsistent with any of the terms hereof. 

[Signature Page Follows] 

 IN WITNESS WHEREOF, the Parties have caused this Amendment to be signed by their respective duly
authorized officers, effective as of the date set forth above. 
  

			
	INDUSTRIAL PROPERTY TRUST INC.
		
	By:	 	 /s/ Dwight L. Merriman III

	Name:	 	Dwight L. Merriman III
	Title:	 	Chief Executive Officer
	
	INDUSTRIAL PROPERTY OPERATING PARTNERSHIP LP
	
	By: Industrial Property Trust Inc., its Sole General Partner
		
	By:	 	 /s/ Dwight L. Merriman III

	Name:	 	Dwight L. Merriman III
	Title:	 	Chief Executive Officer
	
	INDUSTRIAL PROPERTY ADVISORS LLC
	
	By: Industrial Property Advisors Group LLC, its Sole Member
		
	By:	 	 /s/ Evan H. Zucker

	Name:	 	Evan H. Zucker
	Title:	 	Managererb20160222_8k.htm

Exhibit 10.1

 

 

CHANGE IN TERMS AGREEMENT

 

	
Borrower:
	
Erba Diagnostics, Inc.

2140 North Miami Avenue

Miami, FL 33127
	
Lender:
	
Citibank, N.A.

6801 Colwell Boulevard

Irving, TX 75039

	
Principal Amount: $5,000,000.00
	
Date of Agreement:  February 17, 2016

 

DESCRIPTION OF EXISTING INDEBTEDNESS. Promissory Note dated September 17, 2015 in the original amount of $5,000,000.00 by and between Erba Diagnostics, Inc., (“Borrower”) and Citibank, N.A. (“Lender”), the “Note” as amended from time to time. 

 

DESCRIPTION OF CHANGE IN TERMS. Lender and the Borrower hereby agree that said Note shall be and hereby is amended to extend the maturity date from February 29, 2016 to June 30, 2016, subject to the terms and conditions of the Note and the instruments and agreements referred to therein.

 

CONTINUING VALIDITY. Except as expressly changed by this Agreement, the terms of the original obligation or obligations, including all agreements evidenced or securing the obligation(s), remain unchanged and in full force and effect. Consent by Lender to this Agreement does not waive Lender’s right to strict performance of the obligation(s) as changed, nor obligate Lender to make any future change in terms. Nothing in this Agreement will constitute a satisfaction of the obligation(s). It is the Intention of Lender to retain as liable parties all makers and endorsers of the original obligation(s), including accommodation parties, unless a party is expressly released by Lender in writing. Any maker or endorser, including accommodation makers, will not be released by virtue of this Agreement. If any person who signed the original obligation does not sign this Agreement below, then all persons signing below acknowledge that this Agreement is given conditionally, based on the representation to Lender that the non-signing party consents to the changes and provisions of this Agreement or otherwise will not be released by it. This waiver applies not only to any initial extension, modification or release, but also to all such subsequent actions. 

 

PRIOR TO SIGNING THIS AGREEMENT, BORROWER READ AND UNDERSTOOD ALL THE PROVISIONS OF THIS AGREEMENT. BORROWER AGREES TO THE TERMS OF THE AGREEMENT.

 

BORROWER:

 

 

 

	
By: /s/ Mohan Gopalkrishnan                                                 

Mohan Gopalkrishnan, Chief Executive Officer and Secretary of Erba Diagnostics, Inc.
	
By: /s/ Ernesina Scala                                            

Ernesina Scala, Chief Financial Officer of Erba Diagnostics, Inc.EX-10.10.2

 Exhibit 10.10.2 

FIRST AMENDMENT TO 

CONOCOPHILLIPS 
 KEY
EMPLOYEE SUPPLEMENTAL RETIREMENT PLAN 
 On April 19, 2012, effective as of the “Effective Time” defined
in the Employee Matters Agreement by and between ConocoPhillips and Phillips 66 (the “Effective Time”), ConocoPhillips Company (the “Company”) amended and restated the Key Employee Supplemental Retirement Plan (“KESRP”)
for the benefit of certain employees of the Company and its affiliates. 
 The Company desires to amend the KESRP by
amending certain provisions as set forth below and adding Schedules B and C, effective September 1, 2015. 
 Pursuant
to the foregoing, the KESRP is hereby amended as follows, effective September 1, 2015: 
  

	1.	 After Subsection (k) of Section I, add the following new Subsection (l), renumbering the existing subsequent Subsections thereafter
accordingly: 

 “(l) “MSBP” shall mean the Burlington Resources Inc. Management
Supplemental Benefits Plan (or any successor plan thereto).” 
  

	2.	 After Subsection (u) of Section I (as renumbered, previously Subsection (t)), add the following new Subsection (v) renumbering the
existing subsequent Subsections thereafter accordingly: 

 “(v) “Schedule B Employee” shall
mean an Employee whose name appears in Schedule B attached to and made a part of this Plan.” 
  

	3.	 After new Subsection (v) of Section I, add the following new Subsection (w), renumbering the existing subsequent Subsections thereafter
accordingly: 

 “(w) “Schedule C Employee” shall mean an Employee whose name appears in
Schedule C attached to and made a part of this Plan.” 
  

	4.	 After Subsection (b)(i)(gg) of Section II, add the following new Subsection (b)(i)(hh): 

“(hh) With regard to a Schedule B Employee, determine service credited for purposes of benefit accrual as if time served
while on a Canada payroll were time served on a United States payroll; provided, however, that, if benefit accrual is at any time frozen under Title I, no further service shall be credited from the time such freeze shall become effective.” 

 

	5.	 After Subsection (e)(v) of Section II, add the following new Subsection (e)(vi): 

“(vi) With regard to a Schedule B Employee, determine service credited for purposes of benefit accrual as if time served
while on a Canada payroll were time served on a United States 

  
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payroll; provided, however, that, if benefit accrual is at any time frozen under Title IV, no further service shall be credited from the time such freeze shall become effective.” 

 

	6.	 Section IV shall be replaced in its entirety to read as follows: 

“SECTION IV. Special Provisions for Certain Heritage Employees 

 

	 	(a)	 Special Provision for Former ARCO Alaska Employees. 

  

	 	 	 Notwithstanding any provisions to the contrary, in order to comply with the terms of the Board approved Master Purchase and Sale Agreement
(“Sale Agreement”) by which the Company acquired certain Alaskan assets of Atlantic Richfield Company, Inc. (“ARCO”), the following supplemental payments will be made: 

	 	(i)	 The payments which would have been received under Article XXIV – ARCO Flight Crew of Title I of the Retirement Plan for those who were
classified as an Aviation Manager, Chief Pilot, Assistant Chief Pilot, Captain or Reserve Captain as of July 31, 2000 if they had been eligible for those benefits under Title I of the Retirement Plan, except that if they receive a limited
social security makeup benefit from Title I of the Retirement Plan it will be offset from the benefit payable from the Plan. 

	 	(ii)	 A final ARCO Supplemental Executive Retirement Plan (SERP) benefit will be calculated at the earlier of the time an Employee who had an ARCO SERP
benefit terminates employment or, 2 years following the ARCO/BP Amoco p.l.c. merger, April 17, 2002 (“calculation date”). The SERP benefit attributable to service through July 31, 2000 shall be paid by BP Amoco p.l.c. and the
difference shall be paid by this Plan. The SERP calculation will be done as if the Employee had continued to participate in the Atlantic Richfield Retirement Plan and SERP up to the calculation date. The ARCO Annual Incentive Plan (AIP) amount used
will be: 

	 	(A)	 If the Employee terminates employment involuntarily prior to April 17, 2002, the highest of the actual AIP in the last 3 years including the
AIP target payment amount for years after 1999 or the payment received under Phillips Annual Incentive Compensation Plan. 

	 	(B)	 If the Employee terminates employment voluntarily prior to April 17, 2002, or if the calculation is made as of April 17, 2002, then the
AIP will include the highest 3 year average using the highest of the actual AIP, the AIP target payment amount for years after 1999, or the payment received under Phillips Annual Incentive Compensation Plan. Any benefit paid by this Plan under this
Section IV(b)(ii) and the SERP benefit paid by BP Amoco p.l.c. shall offset the benefit payable from this Plan. 

  

	 	(b)	 Special Provision for Select Heritage Burlington Resources Employees in Canada. 

 

	 	 	 With regard to the employees listed on Schedule C, the following shall apply: 

 

	 	(i)	 The Schedule C Employee will become a Participant in the Plan, solely for the purpose of providing a further benefit (the “Additional
Benefit”), calculated in accordance with the provisions of this subsection IV(b). Payment of the Additional Benefit shall be made at the same time and in the same form as the 

  
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benefits paid, or payable, under the MSBP with regard to Non-Grandfathered Benefits, as that term is used in the MSBP. 

	 	(ii)	 Additional Benefit shall mean the difference between the Putative MSBP Benefit and the Offsetting Benefits, both as described below. The Putative
MSBP Benefit shall mean the difference between the Schedule C Employee’s total accrued benefit under Title VI of the CPRP and his actual accrued benefit under Title VI. For this purpose, a Schedule C Employee’s “total accrued benefit
under Title VI” is the accrued benefit he would have if his accrued benefit under Title VI were determined under the terms of Title VI but with the following modifications: 

	 	(A)	 Include in Annual Earnings any compensation included under the MSBP, including it in the calendar year to which it would have been credited under
the MSBP. 

	 	(B)	 Disregard the limitations on compensation related to Code section 401(a)(17). 

	 	(C)	 Disregard the limitation on benefits related to Code section 415. 

	 	(D)	 Determine service credited for purposes of benefit accrual by taking into account any service granted to the Schedule C Employee and any benefit
formula adjustments required by an employment contract with the Employer; provided, further, that with regard to a Schedule C Employee, determine service credited for purposes of benefit accrual as if time served while on a Canada payroll were time
served on a United States payroll; provided, however, that, if benefit accrual is at any time frozen under Title VI, no further service shall be credited from the time such freeze shall become effective. 

	 	 	 Furthermore, in determining the Additional Benefit, paragraphs (f) and (g) of Section II of the Plan shall apply; provided, that, such
paragraph (f) shall be construed as if the Title VI related benefit described in this paragraph were among the CPRP Titles listed in such paragraph (f). 

	 	(iii)	 The Offsetting Benefits shall mean any benefit, other than the Additional Benefit, provided to the Schedule C Employee under a defined benefit plan
of ConocoPhillips, including but not limited to the ConocoPhillips Retirement Plan (and any successor plan), the ConocoPhillips Key Employee Supplemental Retirement Plan (and any successor plan), and the Burlington Resources Inc. Management
Supplemental Benefits Plan (and any successor plan); provided, however, that a benefit plan shall not be considered unless it is subject to the Employee Retirement Income Security Act of 1974, as amended (ERISA) and is a “defined benefit
plan” (as defined in section 3(35) of ERISA), including any such plan regardless of whether it might also be considered an “excess benefit plan” as defined in section 3(36) of ERISA. 

	 	(iv)	 Nothing in this subsection IV(b) is intended to affect the other operations or provisions of the Plan. If the Schedule C Employee is, under the
provisions of the Plan, otherwise eligible to participate in the Plan, the Schedule C Employee will do so in accordance with those provisions.” 

  
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 Executed July 20, 2015 

For ConocoPhillips Company 
  

	
	
	/s/ James D. McMorran

 James D. McMorran 
 Vice
President, Human Resources and Real Estate & Facilities Services 

  
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