Document:

EX-10.1

 Exhibit 10.1 

AMENDMENT NO. 3 TO LETTER AGREEMENT AND TERM SHEET 

This AMENDMENT NO. 3 TO LETTER AGREEMENT AND TERM SHEET, dated as of February 6, 2019 (the “Amendment”), is entered into
by and between Och-Ziff Capital Management Group LLC, a Delaware limited liability company (the “Company”), and Daniel S. Och (“DSO”). Capitalized terms used in this Amendment
and not otherwise defined herein shall have the meanings ascribed to them in the Agreement. 
 WHEREAS, the Company, OZ Management
LP, OZ Advisors LP, OZ Advisors II LP, Och-Ziff Holding Corporation, Och-Ziff Holding LLC and DSO are parties to that certain letter agreement, dated as of
December 5, 2018 (the “Letter Agreement,” together with the term sheet attached thereto (the “Term Sheet”), the “Original Agreement”); and 

WHEREAS, the Company and DSO agreed, on January 14, 2019 and on January 31, 2019, to amend the Original Agreement to extend
the date for entry into definitive implementation agreements from January 15, 2019 to January 31, 2019 and from January 31, 2019 to February 6, 2019, respectively (as amended thereby, the “Agreement”). 

NOW, THEREFORE, in consideration of the foregoing and of the mutual covenants and agreements contained in the Agreement and herein, and
for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto hereby agree as follows: 

1.    The “Definitive Documentation” section of the Term Sheet is hereby amended by replacing the words
“February 6, 2019” with “February 8, 2019.” 
 2.    This Amendment shall only serve to amend and
modify the Agreement, in accordance with Section 11 of the Agreement, to the extent specifically provided herein. All terms, conditions, provisions and references of and to the Agreement which are not specifically modified and/or amended herein
shall remain in full force and effect and shall not be altered by any provisions herein contained. On and after the date of this Amendment, each reference in the Agreement to “this Agreement”, “hereunder”, “hereof”,
“herein” or words of like import, and each reference to the Agreement in any other agreements, documents or instruments executed and delivered pursuant to the Agreement, shall mean and be a reference to the Agreement, as amended by this
Amendment; provided that references to “the date of this Agreement” and other similar references in the Agreement shall continue to refer to the date of the Original Agreement and not to the date of this Amendment. 

3.    This Amendment shall be subject to the general provisions contained in Sections
4-15 of the Letter Agreement, which are incorporated by reference herein, in each case, mutatis mutandis. 

[Signature Page Follows] 

 IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be executed as of the
date first above written. 
  

			
	DSO:
	
	 /s/ Daniel S. Och

	Daniel S. Och
	
	THE COMPANY:
	
	OCH-ZIFF CAPITAL MANAGEMENT GROUP LLC

			
		
	By:	 	 /s/ Robert Shafir

	Name:	 	Robert Shafir
	Title:	 	Chief Executive Officer

  
 [Signature Page to
Amendment No. 3 to Letter Agreement and Term Sheet]EX-10.1

 Exhibit 10.1 

AMENDMENT NO. 2 TO THE MANAGEMENT AGREEMENT 

This AMENDMENT NO. 2 dated January 29, 2019 to the MANAGEMENT AGREEMENT made as of November 6, 1998, as amended April 1, 2014
(the “Management Agreement”), by and among CERES MANAGED FUTURES LLC, a Delaware limited liability company (“CMF”), MANAGED FUTURES PREMIER GRAHAM L.P., a Delaware limited partnership (the “Partnership”) and GRAHAM
CAPITAL MANAGEMENT, L.P., a Delaware limited partnership (the “Advisor”, and together with CMF and the Partnership, the “Parties”). 

W I T N E S S E T H: 

WHEREAS, CMF allocates, from time to time, a certain amount of the assets of the Partnership to the Advisor to trade pursuant to the
Management Agreement; and 
 WHEREAS, the Parties wish to amend the Management Agreement to reflect (i) a reduction in the management
fee paid under Section 6(a)(i) and (ii) a reduction in the incentive fee and change in the frequency of the payment of the incentive fee under Section 6(a)(ii). 

NOW, THEREFORE, the parties agree as follows: 

1.    The monthly management fee rate referred to in clause (a)(i) of the Section entitled “Fees” in the
Management Agreement is hereby reduced to a monthly management fee rate equal to 1/12 of 1.35% (a 1.35% annual rate). 

2.    The language in Section 6(a)(ii) is hereby deleted in its entirety and replaced with the following: 

The annual incentive fee equal to 18% of the “Trading Profits” (as defined in Section 6(d)) experienced by the
Partnership as of the end of each such period. 
 3.    This Amendment No. 2 shall take effect as of the 1st day of February, 2019. 
 4.    This Amendment No. 2 may be
executed in one or more counterparts, each of which shall be deemed an original but all of which together shall constitute the same agreement. 

5.    This Amendment No. 2 shall be governed and construed in accordance with the laws of the State of New York. 

[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK] 

 IN WITNESS WHEREOF, this Amendment has been executed for and on behalf of the undersigned as of the
date first written above. 
  

			
	 MANAGED FUTURES PREMIER GRAHAM L.P.

		
	 By:
	 	 Ceres Managed Futures LLC (General Partner)

		
	 By
	 	 /s/ Patrick T. Egan

		 	  

		 	 Patrick T. Egan

		 	 President & Director

	
	 CERES MANAGED FUTURES LLC

		
	 By
	 	 /s/ Patrick T. Egan

		 	  

		 	 Patrick T. Egan

		 	 President & Director

	
	 GRAHAM CAPITAL MANAGEMENT, L.P.

		
	 By
	 	 /s/ Paul Sedlack

		 	  

		 	 Paul Sedlack

		 	 COO

  
 – 2 –Exhibit

Exhibit 10.15

Summary of Non-Employee Director Compensation

Each non-employee director of Celanese Corporation (the "Company") is entitled to (i) an annual cash retainer of $105,000, which is paid in quarterly installments, in arrears, and (ii) an annual equity retainer of $150,000 in restricted stock units (awarded at the first regular board meeting following the Annual Meeting of Stockholders).  In addition, the chair of the nominating and corporate governance committee and the environmental, health, safety and public policy committee receives an annual fee of $15,000, and the chair of the audit committee and the compensation and management development committee receives an annual fee of $20,000.  The lead director receives an annual fee of $25,000.  These amounts are paid in quarterly installments, in arrears, and prorated for actual service.

Non-employee directors are also entitled to participate in the Company's 2008 Deferred Compensation Plan, which is an unfunded, nonqualified deferred compensation plan that allows directors the opportunity to defer a portion of their compensation in exchange for a future payment amount equal to their deferments plus or minus certain amounts based upon the market performance of specified measurement funds selected by the participant.Exhibit

Niall Tuckey        Citibank Europe plc 
                        Vice President        1 North Wall Quay 
                        ILOC Product        Dublin 1, Ireland
Tel    +353 (1) 622 7430 
                                    Fax    +353 (1) 622 2741 
                                    Niall.Tuckey@Citi.com

Date:    July 14th, 2011
		
	To:
	Renaissance Reinsurance Ltd., DaVinci Reinsurance Ltd. and Glencoe Insurance Ltd. (the “Original Companies”)

		
	Re:
	Committed Letter of Credit Facility established by Citibank Europe plc in favour of Renaissance Reinsurance Ltd., DaVinci Reinsurance Ltd. and Glencoe Insurance Ltd. pursuant to a Letter Agreement dated 17 September 2010 (the “Facility Letter”)

We refer to Clause to 1.1 of the Facility Letter which provides that the Facility established there under will expire on December 31st, 2012 (the “Termination Date”).
We have pleasure in confirming the commitment Termination Date shall be extended to December 31st, 2013.
Save as expressly provided in this Letter, the provisions of the Facility Letter shall remain in full force and effect.
Please indicate your acceptance of the provisions hereof by signing and dating the enclosed duplicate copy of this Letter and returning this to me as soon as possible.
Capitalised terms not defined herein shall have the meaning ascribed thereto in the Facility Letter, as applicable.
Yours faithfully,

For and on behalf of
Citibank Europe plc
/s/ Niall Tuckey_____________________ 
Name: Niall Tuckey 
Title: Vice President 
Date: 14/07/2011

Accepted and agreed by:
	
			
	For and on behalf of 
Renaissance Reinsurance Ltd.

/s/ Todd R. Fonner ________________________ 
Name:   Todd R. Fonner 
Date:   SVP and CIO    
Title:   7/14/11   
	For and on behalf of  
DaVinci Reinsurance Ltd. 

/s/ Todd R. Fonner ___________________ 
Name:   Todd R. Fonner 
Date:   SVP and CIO    
Title:   7/14/11   
	For and on behalf of  
Glencoe Insurance Ltd.

/s/ Todd R. Fonner ____________________ 
Name:   Todd R. Fonner 
Date:   SVP and CIO    
Title:   7/14/11   _

Citibank Europe plc
Directors: Aidan M. Brady, Mark Fitzgerald, Jim Farrell, Bo J. Hammerich (Sweden), Brian Hayes, Mary Lambkin, Frank McCabe, William J. Mills (USA), Terence O’Leary (U.K.), Cecilia Ronan, Patrick Scally, Christopher Teano (U.S.A.), Francesco Vanni d’Archirafi (Italy), Tony Woods
Registered in Ireland: Registration Number 132781, Registered Office: 1 North Wall Quay, Dublin 1 
Ultimately owned by Citigroup Inc., New York, U.S.A. 
Citibank Europe plc is regulated by the Central Bank of IrelandExhibit

FROM:    Citibank Europe Plc (the “Pledgee”)
TO:    Renaissance Reinsurance Ltd. (the “Pledgor”)
DATE:    22nd November 2016
		
	Re:
	First Amendment to the Pledge Agreement between the Pledgee and the Pledgor (the “Amendment”).

Ladies and Gentlemen,
		
	1.
	We refer to the Pledge Agreement between the Pledgee and the Pledgor, as successor in interest to RenaissanceRe Specialty Risks Ltd., dated 24th November 2014, as amended, restated, supplemented or otherwise modified from time to time (the “Pledge Agreement”).  Defined terms used in this Amendment shall have the meanings given to them in the Pledge Agreement

		
	2.
	The Pledgee and the Pledgor agree, for good and valuable consideration, the receipt and legal sufficiency of which are hereby acknowledged, that as effective from the date of this Amendment:

		
	a)
	Schedule 2 of the Pledge Agreement entitled “Currency Margins” shall be deleted in its entirety and replaced by “Schedule 2” attached hereto.  All references to “Schedule 2” in the Pledge Agreement shall be deemed to mean “Schedule 2” as amended hereby and as may be further amended from time to time.

		
	b)
	Preliminary Statement (4) is hereby deleted in its entirety and replaced with the following:

“(4)    The Pledgor has opened account number 695345 and the related deposit account number(s) referred to in the Collateral Account Control Agreement of the same date (as amended from time to time, the “Account Control Agreement”) among Pledgor, Pledgee and The Bank of New Mellon (the “Custodian”) (together with any successor accounts opened and maintained for this purpose, collectively the “Account”) with the Custodian at its office at BNY Mellon Center, Room 1035, Pittsburgh, Pennsylvania 15258, U.S.A.”
		
	3.
	Except as expressly amended hereby, the Pledge Agreement remains unmodified and in full force and effect.  In the event of a conflict or inconsistency between the terms of this Amendment and the terms of the Pledge Agreement, the terms of this Amendment shall prevail.

		
	4.
	The Pledgor (i) reaffirms and restates any representations and warranties made in the Pledge Agreement, as amended hereby, and (ii) represents and warrants that (a) this Amendment and the Pledge Agreement, as amended hereby, constitute legal, valid and binding obligations and are enforceable against the Pledgor in accordance with their respective terms, (b) it has the full power and authority, and has taken all actions necessary, to execute and deliver this Amendment and to perform the obligations contemplated hereby and (c) the entering into and performance of this Amendment do not violate, breach, conflict with or constitute a  default under any applicable law, regulation, rule, judgment, contract or other instrument binding on it or its assets or any provision of Pledgor’s organizational documents.

		
	5.
	This Amendment constitutes the entire agreement of the parties and supersedes all prior communications, understandings and agreements relating to the subject matter hereof.

		
	6.
	This Amendment may be executed in counterparts, each of which shall be deemed to be an original, and all such counterparts taken together shall constitute one and the same agreement.

		
	7.
	This Amendment shall be governed by and construed in accordance with the laws of the State of New York.

		
	8.
	Please indicate your agreement to the foregoing by countersigning the attached copy of this Amendment and returning the same to us. 

Very truly yours,
Citibank Europe Plc

By:    /s/ Niall Tuckey        
Name:    Niall Tuckey
Title:    Director

Accepted and Agreed:
Renaissance Reinsurance Ltd.

By:    /s/ Todd R. Fonner_________
Name:    Todd R. Fonner
Title:    Authorized Signatory

SCHEDULE 2
Currency Margins
		
	1.
	Where the Qualifying Collateral or a portion thereof is denominated in the same currency as a Credit (the “Credit Currency”), the Qualifying Collateral or such portion thereof shall have a value of 100% of its value in the relative Credit Currency; and for this purpose the Pledgee shall notionally match each Credit with the Collateral or a portion thereof denominated in the relative Credit Currency.

		
	2.
	Where the Qualifying Collateral or a portion thereof is denominated in a currency other than the relative Credit Currency, both the Letter of Credit Value (or, where only a portion of the Qualifying Collateral is in the relative Credit Currency, the balance of the Letter of Credit Value remaining unmatched) and the Qualifying Collateral or such portion thereof shall be notionally converted into a common base currency (as the Pledgee may in its discretion determine); and following such notional conversion the Qualifying Collateral or such portion thereof shall suffer a deduction of the Relevant Percentage, to cover exchange movements that may from time to time affect the value of the underlying unmatched Qualifying Collateral or a portion thereof and the contingent obligations to which it relates.

		
	3.
	The “Relevant Percentage” means:

		
	(a)
	where the Qualifying Collateral or a portion is denominated in U.S. dollars, Canadian dollars or English Pounds Sterling, 5%;

		
	(b)
	where the Qualifying Collateral or a portion thereof is denominated in Euro, 6%;

		
	(c)
	where the Qualifying Collateral or a portion thereof is denominated in Chinese Yuan CNH/CNY, Swiss Francs or Japanese yen, 7.5%; and

		
	(d)
	where the Qualifying Collateral or a portion thereof is denominated in any other currency, 15%.

		
	4.
	Each notional conversion to be made hereunder shall be effected at the Pledgee’s then prevailing spot rate of exchange as provided in Section 18(a).

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