Document:

Exhibit 10.1

 

		TERM
    NOTE - INTEREST EXTRA

    (Interest Tied to Prime)

 

	$400,000.00	Account/Note
    No. _______________

    400 Park Avenue, 20th Floor 

    New York, NY 10022 

    September 10, 2015

 

For
value received, the undersigned, MYOS CORPORATION, A NEVADA CORPORATION (the "Borrower"), promises to pay to
the order of City National Bank, a national banking association ("CNB"). at its office in this
city, in lawful money of the United States of America and in immediately available funds, the principal sum of FOUR HUNDRED
THOUSAND AND NO/100THS DOLLARS ($400,000.00), with interest thereon from the date of disbursement at a rate computed
on a basis of a 360-day year, actual days elapsed, equal to the greater of (a) three and one-half percent (3.500%) per year, or
(b) the "Prime Rate" of CNB, as it exists from time to time plus one and one-quarter percent (1.250%) per year. The
interest rate under this Note shall never be greater than the lesser of 16.00% or the maximum rate allowed by applicable law.
"Prime Rate" shall mean the rate most recently announced by CNB at its principal office in Los Angeles, California,
as its "Prime Rate." Any change in the Prime Rate shall become effective on the same business day on which the Prime
Rate shall change, without prior notice to Borrower.

 

Interest
accrued on this Note shall be payable on the last day of each month, commencing September 30, 2015.

 

Principal
shall be payable on the last day of each month in three (3) consecutive installments of ONE HUNDRED THOUSAND AND NO/100THS DOLLARS
($100,000.00) each, commencing on September 30, 2015, and continuing up to and including November 30, 2015, with a final installment
of ONE HUNDRED THOUSAND AND NO/100THS DOLLARS ($100,000.00) due and payable in full on December 31, 2015.

 

Anything
herein to the contrary notwithstanding, all principal and interest remaining unpaid on December 31, 2015, shall be immediately
due and payable.

 

Borrower
shall pay to CNB a late charge of 5.00% or $10.00, whichever is greater, of any payment not received by CNB on or before the 10th
day after the payment is due.

 

1.           EVENTS
OF DEFAULT. The occurrence of any of the following with respect to any Borrower shall constitute an "Event of Default"
hereunder;

 

1.1.           Failure
to make any payment of principal or interest when due under this Note;

 

1.2.           Filing
of a petition by or against any of such parties under any provision of the Bankruptcy Code;

 

1.3.           Appointment
of a receiver or an assignee for the benefit of creditors; 

 

    1

     

    

	City
    National Bank	TERM
    NOTE - INTEREST EXTRA
	 	(Interest
    Tied to Prime)

 

1.4.           Commencement
of dissolution or liquidation proceedings or the disqualification (under any applicable law or regulation) of any of such parties
which is a corporation, partnership, joint venture or any other type of entity;

 

1.5.           Death
or incapacity of any of such parties which is an individual;

 

1.6.           Any
financial statement provided by any of such parties to CNB is false or materially misleading;

 

1.7.           Any
material default in the payment or performance of any obligation, or any default under any provision of any contract or instrument
pursuant to which any of such parties has incurred any obligation for borrowed money, any purchase obligation or any other liability
of any kind to any person or entity, including CNB;

 

1.8.           Any
sale or transfer of all or a substantial or material part of the assets of any of such parties other than in the ordinary course
of business; or

 

1.9.           Any
violation, breach or default under this Note, any letter agreement, guaranty, security agreement, subordination agreement or any
other contract or instrument executed in connection with this Note or securing this Note.

 

Should
more than one person or entity execute this Note as Borrower, the obligations of each Borrower shall be joint and several.

 

If
this Note is subject to a law that sets maximum loan charges, and that law is finally interpreted so that the interest or other
charges collected, or to be collected in connection with this Note exceeds the permitted limits, then: (a) any such charge will
be reduced by the amount necessary to reduce the charge to the permitted limit: and (b) any sums already collected from Borrower
which exceed the permitted limits shall be refunded to Borrower. CNB will refund the excess either by reducing the principal owed
under this Note or by making a direct payment to Borrower.

 

This
Note will be governed by and interpreted in accordance with federal law and the laws of the State of New York (without reference
to such state's conflicts of law rules). This Note has been accepted by CNB in the State of New York. If there is a lawsuit, Borrower
agrees that venue and jurisdiction will be with any court of competent jurisdiction located in the State of New York.

 

Borrower
represents and warrants to CNB that (a) Borrower's most recent financial statements that have been delivered to CNB are true,
complete and correct and fairly present the financial condition of Borrower as of the accounting period referenced on the statements,
and there has been no material adverse change in the financial condition of Borrower since the date of such financial statements,
and (b) Borrower's most recent federal income tax return and all schedules attached to such return ("Federal Tax Return")
that have been delivered to CNB are a true and correct copy of such Federal Tax Return filed with the Internal Revenue Service
for the tax period ending on the date indicated in such Federal Tax Return.

 

    2

     

    

	City
    National Bank	TERM
    NOTE - INTEREST EXTRA
	 	(Interest
    Tied to Prime)

 

	"BORROWER"	 
	 	 
	MYOS
    CORPORATION, 	 
	a
    Nevada corporation	 
	 	 
	By:	 /s/ Joseph DosSantos	 
	 	Joseph
    DosSantos, CFO/Interim	 
	 	President/Secretary	 

 

    3

     

    

		DISBURSEMENT
INSTRUCTIONS

 

Branch:
NY Legal Service Group, 682 

Date: September 10, 2015

 

City
National Bank, a national banking association ("CNB") is authorized to disburse the proceeds of that certain note dated
September 10, 2015, in the amount of $400,000,00 executed by the undersigned Borrower as follows:

 

	 	 	Amount	 
	Renewal/Decrease	 	$	400,00.00	 
	TOTAL:	 	$	400,00.00	 

 

AUTOMATIC PAYMENTS. Borrower
hereby authorizes CNB automatically to deduct from Borrower's account number __________ the amount of any loan payment. If the
funds in the account are insufficient to cover any payment, CNB shall not be obligated to advance funds to cover the payment. At
any time and for any reason, Borrower or CNB may voluntarily terminate Automatic Payments.

 

FUTURE DISBURSEMENTS. All proceeds
are to be credited to Account Number _________ at City National Bank.

 

Disburse
as Requested by: (identify persons authorized to make requests) 

Peter Levy, per verbal or written request.

 

	MYOS CORPORATION, 	 
	a Nevada corporation	 
	 	 
	By:	 /s/ Joseph DosSantos	 
	 	Joseph DosSantos, CFO/Interim	 
	 	President/Secretary	 

 

    1

     

    

		CORPORATE
    RESOLUTION TO OBTAIN

    CREDIT AND GRANT SECURITY

 

RECITALS

 

A.           MYOS
CORPORATION. a corporation duly organized and existing under the laws of the State of Nevada ("Corporation"), will
be benefited and its corporate purpose will be served by obtaining loans, advances and/or extensions of credit and other
financial accommodations from City National Bank. a national banking association ("CNB"), and this Corporation desires
to obtain present or future credit and other financial accommodations from, and/or grant security to, CNB; and

 

B.           If
this Corporation is doing business under a fictitious business name, the Corporation has filed and published a fictitious business
name statement doing business as N/A and the fictitious business name statement, a copy of which is attached, is currently
in full force and effect.

 

C.           This
Corporation desires that certain officers be authorized to act on its behalf, from time to time, in obtaining such credit from,
and/or granting security to. CNB

 

NOW,
THEREFORE, BE IT RESOLVED THAT:

 

1.           AUTHORIZATION.
Any one (1) of the following officers of this Corporation are hereby authorized, empowered and directed to act in accordance
with the terms of these Resolutions:

 

	 	 	 	CFO/Interim	 
	 	Joseph DosSantos	 	President/Secretary	 
	 	Authorized Person Name	 	Title	 

 

2.           OBTAIN
CREDIT. From time to time, with or without security. to obtain credit and other financial accommodations from CNB, and/or
grant security for such credit or other financial accommodations, upon such terms as such officer(s), as the case may be, shall
approve.

 

3.           SCOPE
OF AUTHORITY. Without limiting the generality of the authority granted, such officer(s) designated in Paragraph 1 above,
as the case may be, are authorized, empowered and directed, from time to time, in the name and on behalf of the Corporation ,
to:

 

3.1.           Incur
Indebtedness. Incur Indebtedness to CNB. The word "Indebtedness" as used herein means all debts, obligations
and liabilities, currently existing or now or hereafter made, incurred or created, whether voluntary or involuntary and however
arising or evidenced, whether direct or acquired by assignment or succession, whether due or not due, absolute or contingent,
liquidated or unliquidated, determined or undetermined, and whether liability is individual or joint with others, all renewals,
extensions and modifications thereof, and any interest rate swap or similar agreement entered into by this Corporation and all
attorneys' fees and costs incurred (or allocable to CNB's in-house counsel) in connection with the negotiation, preparation, workout,
collection and enforcement thereof, whether or not a lawsuit is filed;

 

    1

     

    

	 	RESOLUTION
    TO OBTAIN
	City
    National Bank	CREDIT
    AND GRANT SECURITY

 

3.2.     Execute Documents.
Execute, deliver and endorse with respect to Indebtedness to CNB, promissory notes, loan agreements, drafts, applications and
agreements for letters of credit, acceptance agreements, foreign exchange documentation, international Swaps and Derivatives Association
(ISDA) master agreements, schedules, and credit support documentation, indemnities, waivers, purchase agreements and other financial
undertakings, and other documents and agreements in connection therewith, and all renewals, extensions or modifications thereof;

 

3.3.     Grant
Security Interest. Grant security interests in, pledge, assign, transfer, endorse, mortgage or otherwise hypothecate to
CNB and execute security or pledge agreements, financing statements and other security interest perfection documentation, mortgages
and deeds of trust on, and give trust receipts for, any or all property of this Corporation as may be agreed upon by any authorized
officer(s) as collateral security for any or all Indebtedness of this Corporation and grant and execute renewals, extensions or
modifications thereof;

 

3.4.     Negotiable
Instruments. Sell to, or discount or rediscount with CNB all negotiable instruments, including, without limitation, promissory
notes, commercial paper, drafts, accounts, acceptances, leases, chattel paper, contracts, documents, instruments or evidences
of debt at any time owned, held or drawn by this Corporation, and draw, endorse, or transfer any of such instruments or documents
on behalf of this Corporation, and execute and deliver to CNB all documents and agreements in connection therewith, and al renewals,
extensions or modifications thereof;

 

3.5.     Loan
Proceeds. Direct the disposition of the proceeds of any credit extended by CNB, and deliver to CNB, and accept from CNB
delivery of, any property of this Corporation at any time held or to be held by CNB; and

 

3.6.     Appoint
Persons. Appoint persons to act on behalf of this Corporation to transact any and all acts authorized in Paragraphs 3.1
through 3.5 above. Any appointments made by any of the authorized officer(s) named herein may be conclusively relied upon by CNB
until CNB is advised otherwise in writing by any of the so named authorized officer(s).

 

4.            WRITINGS.
Any instruments, documents, agreements or other writings executed under or pursuant to these resolutions (collectively, the
'Resolutions") may be in such form and contain such terms and conditions as may be required by CNB in its sole discretion,
and execution thereof by any officer(s) or other person authorized under the Resolutions shall be conclusive evidence of such
officer(s) or such other appointed person's and this Corporation's approval of the terms and conditions thereof.

 

5.            REQUESTS
FOR CREDIT. Credit may be requested by this Corporation from CNB in person, in writing, by telephone, or by other method
acceptable to CNB. This Corporation recognizes and agrees that CNB cannot effectively determine whether a specific request purportedly
made by or on behalf of this Corporation is actually authorized or authentic. As it is in this Corporation's best interest that
CNB extend credit in response to these forms of requests, this Corporation assumes all risks regarding the validity, authenticity
and due authorization of any request purporting to be made by or on behalf of this Corporation. This Corporation is hereby authorized
and directed to repay any credit that is extended by CNB pursuant to any request which CNB in good faith believes to be
authorized, or when the proceeds of any credit are deposited to the account of this Corporation with CNB, regardless of whether
any individual or entity other than this Corporation may have authority to draw against such account.

 

    2

     

    

	 	RESOLUTION
    TO OBTAIN
	City
    National Bank	CREDIT
    AND GRANT SECURITY

 

6.            RATIFICATION/AMENDMENT.
The authority given under the Resolutions shall be retroactive and any and all acts so authorized that are performed prior
to the Resolutions' formal adoption are hereby ratified and affirmed. In the event two or more resolutions of this Corporation
are currently in effect, the provisions of each shall be cumulative, unless the latest shall specifically provide otherwise. The
authority given hereby shall remain in full force and effect, shall apply with equal force and effect to the successors of the
officer(s) named herein, and CNB is authorized and requested to rely and act thereon, until CNB shall have received a certified
copy of a further resolution of the officer(s) of this Corporation amending, rescinding or revoking the Resolutions.

 

7.            NO
LIMITATION BY THIS RESOLUTION. Nothing contained in this Resolution shall limit the authority of any person to act on
behalf of this Corporation as provided by law, by any agreement or authorization relating to this Corporation or otherwise.

 

CERTIFICATION

 

I, Joseph DosSantos, Secretary of MYOS CORPORATION,
a corporation incorporated under the laws of the State of Nevada ("Corporation"), do hereby certify that the foregoing
is a full, true and correct copy of Resolutions of the Board of Directors of the Corporation, duly and validly adopted by the
Board of Directors as required by law, and by the by-laws of the Corporation.

 

I further certify
that the Resolutions are still in full force and effect and have not been amended or revoked, and that the specimen signatures
appearing below are the signatures of the officers authorized to sign for this corporation by virtue of these Resolutions.

 

AUTHORIZED SIGNATURE[S]:

 

	 	/s/ Joseph DosSantos	 
	 	Joseph DosSantos, CFO/Interim	 
	 	President/Secretary	 

 

IN WITNESS WHEREOF, I
have hereunto set my hand as Secretary of the Corporation this 10th day of September, 2015.

 

	By:	/s/ Joseph DosSantos	 
	 	Joseph DosSantos, Secretary	 

 

    3

     

    

		LOAN
    FEES AND CHARGES

 

	Borrower: Myos Corporation, a Nevada corporation	Date: 09/10/2015
	 	 
	Branch Name and No.: 682-PCS New York	 
	 	 
	Customer No.: ________	Note No.: _______

 

In connection with the above referenced
loan, fees and charges, as estimated, are as follows:

 

	Interest Payment Due on Note No. 235898-30756 to 08/31/2015	 	$	962.50	 
	 	 	 	 	 
	Total Estimated Fees	 	$	962.50	 

 

Actual fees may be higher or lower than
estimated fees. Any excess funds will be deposited to Borrower's Checking. Account or reimbursed by Cashiers Check. If fees collected
are insufficient to cover out of pocket costs, the Borrower will be billed directly for the balance unless authorization to debit
the account is received.

 

☐
     By checking this box, Borrower hereby authorizes City National Bank to charge the aforementioned
fees and charges to depository account number _________.

 

	Myos Corporation, a Nevada Corporation	 
	 	 	 
	By:	/s/ Joseph DosSantos	 
	 	Joseph DosSantos, CFO/Interim	 
	 	President/SecretaryOctober 26, 2015

Mr. Michael A. Hajost

467 Miller Road

Sinking Spring, PA  19608

Dear Michael:

This letter will set forth the terms of your employment as Senior Vice President/Chief Financial Officer of Accuride Corporation ("Accuride" or the "Company").

	
Position:

	
Your position will be Senior Vice President/Chief Financial Officer reporting to Rick Dauch, President & CEO commencing on your Start Date (as defined below).

	
Start Date:

	
This offer is contingent on a background check and drug screen.  You will commence employment with the Company on a mutually agreed upon date no later than November 30, 2015.  The date you commence employment being your "Start Date."

	
Base Salary:

	
Your annual base salary will be $310,000.

	
Annual Incentive:

	
You will be eligible to participate in the Company's Annual Incentive Compensation Plan ("AICP") starting in 2016.  The Annual Incentive is payable as a percentage of base salary and will be determined based on actual performance of the Company for the fiscal year compared against the established AICP performance metrics.  For your position, the target payout is 75% of base salary.

	
Long Term Incentive:

	
You will be eligible for annual long-term incentive grants to be made in the discretion of our Board of Directors (the "Board") on the same general terms as such grants are made to other members of Accuride's senior management.  The target award level for your position has been 75% of base salary.  Grants are typically made during the first quarter of the year and have been allocated between time vesting Restricted Stock Units (RSUs) and performance vesting Performance Stock Units (PSUs).

	
Initial Equity Award

 

	
Our Compensation Committee has authorized us to include in your offer an initial equity award valued at $100,000.  The initial equity award will be formalized on or near your Start Date and will consist of time vesting RSUs, with twenty percent of the award vesting on each of the first three anniversaries of the grant date and the remaining forty percent vesting on the fourth anniversary of the grant date.

 

Mr. Michael A. Hajost

October 26, 2015

Page 2

	
Relocation Assistance:

	
You will be eligible for Accuride's Tier 1 Relocation program which includes, among other benefits, a payment equal to one month's net salary for homeowners to cover miscellaneous relocation expenses plus a $6,000 lump sum (grossed up) to cover temporary living expenses.  All reimbursable relocation expenses must be incurred within one year from your Start Date.

	
Benefits:

	
As an employee of Accuride you will receive benefits and perquisites at the level and under terms which are provided from time to time to the Company's senior executive officers generally, including:

 

·Medical/Dental/Vision/Life/AD&D/LTD insurance

·401(k) Plan

·Four weeks vacation

 

All benefit plans and programs are subject to change or terminate at any time at the discretion of the Compensation Committee of the Board.

	
Severance & Retention Agreement:

	
You will be eligible for our standard Tier II Severance and Retention Agreement, which provides in part (i) a one year base salary severance in the event your employment is terminated without "Cause" or (ii) a two year base salary plus any applicable bonus (as specified in the agreement) severance in the event your employment is terminated without "Cause" within a specified period after a "Change In Control" of Accuride Corporation, all as specified in and controlled by the terms of the agreement.

	
Restrictive Covenants:

	
You agree to execute, abide by and be bound by the Company's standard Agreement to Assign Inventions and Maintain Secrecy and the Policy on Confidential and Trade Secret Information.  You also agree to execute and be bound by the Company's standard Confidentiality, Non-solicitation, and Non-competition Agreement.

	
Other:

	
As a condition of your continued employment with Accuride, you will be bound by all company policies to the extent that they apply to senior executives of the Company.

 

This letter agreement will be governed by the laws of the State of Indiana, without regard to any conflicts of law provision.

Please note that your employment at Accuride is "at will." This means that you may resign from Accuride at any time with or without cause, and Accuride has the right to terminate your employment with or without cause.  Neither this letter nor any other communication, either written or oral, should be construed as a contract of employment for any particular duration.  This letter supersedes and replaces all prior written and oral communication on employment related subjects.

Signature Page Follows

Mr. Michael A. Hajost

October 26, 2015

Page 3

Signature Page for Employment Letter

Please sign and date this letter agreement in the space indicated and return it to my attention to evidence your understanding and agreement to the terms set forth herein.

Sincerely,

Richard F. Dauch

President & CEO

Accuride Corporation

Acknowledged and Agreed:

/s/ Michael A. Hajost

Michael A. Hajost

_10/27/15_________

Date

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00251-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00251-of-00352.parquet"}]]