Document:

Exhibit 10.1

    Exhibit
      10.1

     

    

      FIRST
        AMENDMENT TO AMENDED AND RESTATED RECEIVABLES TRANSFER AGREEMENT AND
        CONSENT

       

      This
        FIRST AMENDMENT TO AMENDED AND RESTATED RECEIVABLES TRANSFER AGREEMENT AND
        CONSENT
        (this
“Amendment”),
        made
        and entered into as of June 23, 2006 (the “First Amendment
        Effective Date”),
        by
        and between METALDYNE CORPORATION,
        a
        Delaware corporation (“Metaldyne”),
        MRFC,
        INC.,
        a
        Delaware corporation (“MRFC”;
        each
        of MRFC and Metaldyne, a “Company”),
        the
        Purchasers signatory hereto and GENERAL
        ELECTRIC CAPITAL CORPORATION in
        its
        capacity as the Administrative Agent (the “Administrative
        Agent”)
        and
        the other parties signatory hereto.

       

      W I T N E S E T H:

       

      WHEREAS,
        the
        Administrative Agent, MRFC, Metaldyne, in its capacity as Master Servicer,
        the
        financial institutions party thereto as Purchasers and the other parties
        thereto, are parties to that certain Amended and Restated Receivables Transfer
        Agreement, dated as of July 8, 2005 (as amended to the date hereof, the
“Transfer
        Agreement”;
        capitalized terms used herein and not otherwise defined herein shall have
        the
        meanings given such terms in Annex
        X
        to the
        Transfer Agreement and the Purchase Agreement (as hereafter defined) as amended
        by this Amendment), whereby MRFC has
        agreed to sell, contribute or otherwise transfer to the Purchasers and the
        Purchasers have agreed to purchase or otherwise acquire from MRFC, all of
        the
        right, title and interest of MRFC in the Receivables; and

       

      WHEREAS,
        MRFC,
        Metaldyne and the Originators are parties to that certain Amended and Restated
        Receivables Purchase Agreement, dated as of July 8, 2005 (as amended to the
        date
        hereof, the “Purchase
        Agreement”),
        whereby the Originators have agreed to sell or contribute to MRFC all of
        the
        Originators’ Receivables; 

       

      WHEREAS,
        Dana
        Corporation, an Obligor that is a customer of one or more of the Originators,
        filed a voluntary petition under the Bankruptcy Code on March 3, 2006 (the
        “Dana
        Filing Date”);
        and

       

      WHEREAS,
        the
        Purchasers propose to confirm and ratify the sale of certain Receivables
        with
        respect to which the Obligor is Dana Corporation (or any of its subsidiaries
        that are debtors in the Dana Corporation bankruptcy) that were originated
        prior
        to the Dana Filing Date (such Receivables, the “Dana
        Pre-Petition Receivables”);
        and

       

      WHEREAS,
        MRFC and
        Metaldyne have
        requested that the Transfer Agreement and Annex
        X
        be
        amended as set forth herein, and the parties hereto are willing to agree
        to such
        amendment subject to the terms and conditions of this Amendment.

       

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

       

      1.  Amendment
        of Transfer Agreement and Annex X.
        Subject
        to the terms and conditions of this Amendment, effective as of the Dana Filing
        Date, the definition of “Defaulted Receivables” as set forth in Annex
        X
        is
        hereby amended by inserting, prior to the final “.” therein, the following
        language: “; provided,
        however, that all Receivables with respect to which the Obligor is
        Dana
        Corporation (or any of its subsidiaries that are debtors in the Dana Corporation
        bankruptcy) that were originated prior to the Dana Filing Date shall not
        constitute “Defaulted Receivables” for purposes of calculating the Default Ratio
        for any period that such Receivables are outstanding”.

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

      2.  No
        Other Amendments.
        Except
        for the amendments expressly set forth and referred to in Section
        1
        above,
        the Transfer Agreement and Annex
        X
        shall
        remain unchanged and in full force and effect. 

       

      3.  Consent
        to Sale of Dana Pre-Petition Receivables.
        

       

      (a)  Subject
        to the terms and conditions of this Amendment, and effective as of the Dana
        Filing Date: (i) each Purchaser hereby assigns, transfers and conveys to
        MRFC
        for good and valuable consideration hereby acknowledged, without recourse,
        except as specifically set forth herein, and MRFC hereby purchases and accepts
        assignment and transfer from each Purchaser of, all of each Purchaser’s Pro Rata
        Share of the Purchaser Interest relating to the Dana Pre-Petition Receivables;
        and (ii) MRFC hereby assigns, transfers and conveys to Metaldyne for good
        and
        valuable consideration hereby acknowledged, without recourse, except as
        specifically set forth herein, and Metaldyne shall purchase and accept, all
        of
        MRFC’s rights, titles and interests in and to the Dana Pre-Petition Receivables.
        The Administrative Agent and each Purchaser hereby consent to the assignment
        and
        transfer described in the immediately preceding sentence.

       

      (b)  Subject
        to the terms and conditions of this Amendment, the Administrative Agent and
        each
        Purchaser hereby consent to the sale of the Dana Pre-Petition Receivables
        to the
        purchaser and in the manner described in the documentation previously provided
        to the Administrative Agent and pursuant to documentation substantially
        consistent therewith. 

       

      4.  Representations
        and Warranties.
        Each
        Company hereby represents and warrants to the Administrative Agent and the
        Purchasers that (a) this Amendment has been duly authorized, executed and
        delivered by each Company, (b) after giving effect to this Amendment, no
        Termination Event or Event of Servicer Termination has occurred and is
        continuing as of this date, and (c) all of the representations and warranties
        made by each Company in both the Purchase Agreement and the Transfer Agreement
        are true and correct in all material respects on and as of the date of this
        Amendment (except to the extent that any such representations or warranties
        expressly referred to a specific prior date). Any breach in any material
        respect
        by Company of any of its representations and warranties contained in this
        Section
        4
        shall be
        a Termination Event and an Event of Servicer Termination for all purposes
        of
        both the Purchase Agreement and the Transfer Agreement.

       

      5.  Ratification.
        Each
        Company hereby ratifies and reaffirms each and every term, covenant and
        condition set forth in both the Purchase Agreement and the Transfer Agreement
        and all other documents delivered by such Company in connection therewith
        (including without limitation the other Related Documents in effect on the
        date
        hereof to which each Company is a party), effective as of the date
        hereof.

       

      6.  Waiver
        by the Companies.
        Each of
        the Companies hereby waives any claim, defense, demand, action or suit of
        any
        kind or nature whatsoever against the Administrative Agent and the Purchasers
        arising on or prior to the date hereof in connection with any of the Purchase
        Agreement, the Transfer Agreement or the transactions contemplated
        thereunder.

       

      
        
          
          

        

        
          -2-

          
            

          

        

        
          
          

        

      

       

      7.  Conditions
        to Effectiveness; Effectiveness.
        This
        Amendment shall become effective, upon the First Amendment Effective Date,
        upon
        the receipt by the Administrative Agent of this Amendment, duly executed,
        completed and delivered by each of the Companies, the Administrative Agent
        and
        the Requisite Purchasers. This Amendment is effective for all purposes of
        the
        Transfer Agreement, Purchase Agreement and Annex X, including Article IX
        of the
        Transfer Agreement.

       

      8.  Reimbursement
        of Expenses.
        Each
        Company hereby agrees that, to the extent and in the manner provided in the
        Transfer Agreement, it shall reimburse the Administrative Agent on demand
        for
        all reasonable costs and expenses (including without limitation reasonable
        legal
        fees) incurred by it in connection with the negotiation, documentation and
        consummation of this Amendment and the other documents executed in connection
        herewith and therewith and the transactions contemplated hereby and
        thereby.

       

      9.  Governing
        Law.
        THIS
        AMENDMENT AND THE OBLIGATIONS ARISING HEREUNDER SHALL IN ALL RESPECTS, INCLUDING
        MATTERS OF CONSTRUCTION, VALIDITY AND PERFORMANCE, BE GOVERNED BY, AND CONSTRUED
        AND ENFORCED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK (INCLUDING
        SECTION 5-1401 OF THE GENERAL OBLIGATIONS LAWS BUT OTHERWISE WITHOUT REGARD TO
        CONFLICTS OF LAW PRINCIPLES), AND ANY APPLICABLE LAWS OF THE UNITED STATES
        OF
        AMERICA.

       

      10.  Severability
        of Provisions.
        Any
        provision of this Amendment which is prohibited or unenforceable in any
        jurisdiction shall, as to such jurisdiction, be ineffective to the extent
        of
        such prohibition or unenforceability without invalidating the remaining
        provisions hereof or affecting the validity or enforceability of such provision
        in any other jurisdiction. 

       

      11.  Counterparts.
        This
        Amendment may be executed in any number of several counterparts, all of which
        shall be deemed to constitute but one original and shall be binding upon
        all
        parties, their successors and permitted assigns.

       

      12.  Entire
        Agreement.
        Each of
        the Purchase Agreement and the Transfer Agreement, as amended by this Amendment,
        embody the entire agreement between the parties hereto relating to the subject
        matter hereof and supersedes all prior agreements, representations and
        understandings, if any, relating to the subject matter hereof.

       

      13.  Miscellaneous.
        This
        Amendment is a Related Document. The headings herein are for convenience
        of
        reference only and shall not alter or otherwise affect the meaning
        hereof.

       

       

      [Remainder
        of Page Intentionally Left Blank]

       

      
        
          
          

        

        
          -3-

          
            

          

        

        
          
          

        

      

      IN
        WITNESS WHEREOF,
        the
        parties have caused this Amendment to be duly executed by their respective
        officers thereunto duly authorized, as of the date first above
        written.

       

      
        	
                MRFC,
                  INC.

                 

              
	
                By:  
                  /s/
                  Jeffrey M. Stafeil

              
	
                Name: Jeffrey
                  M. Stafeil

              

      

      

      
        	
                METALDYNE
                  CORPORATION

                 

              
	
                By:  
                  /s/
                  Jeffrey M. Stafeil

              
	
                Name: Jeffrey
                  M. Stafeil

              

      

      

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      

      
        	
                GENERAL
                  ELECTRIC CAPITAL CORPORATION,
                  as a Purchaser and as Administrative Agent

                 

              
	
                By:  
                  /s/
                  Bradford R. Kuhn

              
	
                Name: Bradford
                  R. Kuhn

                Title: Duly
                  Authorized Signatory

              

      

      

        
          	
                  CONSENT
                    OF REQUISITE PURCHASERS
                    RECEIVEDConsulting Agreement

    

    

    

    CONSULTING
      AGREEMENT

    

    

    THIS
      AGREEMENT
      made and
      dated for reference the __day
      of
      April 2005.
      

    

     

    
      	BETWEEN: 	TRADE SHOW MARKETING COMPANY
              LTD 
	 	11359 - 162nd
              Street 
	 	
              Surrey,
                B.C. 

            
	 	Canada V4N 4P5 
	 	(the
              "Company") 

    

     

                                                                                                                                                                                                                                               
      OF THE FIRST PART

     

     

    
 

    
      	AND: 	FRANCHISE 101
              INCORPORATED 
	 	
              425
                Southborough Drive, 

            
	 	West Vancouver,  
	 	British Columbia 
	 	
              Canada
                V7S 1M3 

            
	 	
              (the
                "Consultant") 

            

    

     

     

    OF
      THE
      SECOND PART

     

    WHEREAS

     

    
      	
              A.

            	
              The
                Company wishes to develop a franchise model for the operation of
                retail
                stores providing to the general public products that have been advertised
                on television as well as other ancillary and related products and
                services
                (the “Business”);

            

    

    

    
      	
              B.

            	
              The
                Consultant is in the business of providing franchise consulting services,
                and

            

    

    

    
      	C.
               	
              The
                Company is
                desirous of retaining the Consultant to provide consulting services
                in
                connection with the Business of the Company in
                accordance with the terms and conditions of this agreement (the
                “Agreement”).

            

    

     

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    NOW
      THEREFORE THIS AGREEMENT WITNESSES
      that in
      consideration of the premises and mutual covenants herein contained, the parties
      hereto agree as follows:

    

    ARTICLE
      ONE -- CONSULTING SERVICES

    

    1.1 Retainer.
      The
      Company hereby agrees to retain the Consultant to provide the Company with
      consulting services consisting of the following and such other consulting
      services as the Company and the Consultant may from time to time agree upon,
      (the "Services") and the Consultant hereby agrees to provide such Services
      to
      the Company:

    

    
      	 	
              (a)

            	
              Advise
                the Company as to the best way of structuring the franchise corporate
                entity in terms of regulatory acceptance, limitation of liability,
                financial disclosure requirements, trademark usage, future spin-off
                possibilities, and Provincial and State regulatory
                requirements;

            

    

    
      	 	
              (b)

            	
              Assist
                the Company with the applications for its trademarks in Canada and
                the
                US;

            

    

    
      	 	
              (c)

            	
              Advise
                the Company on the structure and level of initial license fees, ongoing
                fees, renewal fees and assignment fees, site selection criteria,
                and
                territorial considerations; 

            

    

    
      	 	
              (d)

            	
              Provide
                the Company with recommendations regarding the organizational structure
                of
                the franchisor;

            

    

    
      	 	
              (e)

            	
              Develop
                a franchise agreement and area representative agreement which reflect
                the
                recommended business model and provides the strong enforceable controls
                necessary to achieve a successful franchise
                program;

            

    

    
      	 	
              (f)

            	
              Provide
                ancillary documentation as required such as: offer to purchase/deposit
                agreement, franchise application report, confidentiality/non-disclosure
                agreement, sub-lease, and conditional assignment of
                lease;

            

    

    
      	 	
              (g)

            	
              Draft
                a disclosure document that complies with the provisions of the Alberta
                Franchise Act;

            

    

    
      	 	
              (h)

            	
              Draft
                a disclosure document that complies with the provisions of the Arthur
                Wisehart Act (Ontario);

            

    

    
      	 	
              (i)

            	
              Draft
                a Uniform Offering Circular (“UFOC”) that complies with the provisions of
                the Federal Trade Commission’s requirements for franchise
                offerings;

            

    

    
      	 	
              (j)

            	
              Develop
                a pre-opening manual and operations/ policy and procedures
                manual;

            

    

    
      	 	
              (k)

            	
              Develop
                a franchisee Proforma template and business plan template for potential
                franchisees;

            

    

    
      	 	
              (l)

            	
              Identify
                possible additional future revenue
                streams;

            

    

    
      	 	
              (m)

            	
              Advise
                the Company on the structure of an initial training program for new
                franchisees;

            

    

    
      	 	
              (n)

            	
              Design
                management information systems to evaluate the performance of the
                franchisee’s particular business in relationship to other similar
                franchises in the system; 

            

    

    
      	 	
              (o)

            	
              Develop
                materials to explain the franchise model and sell the Company’s franchise
                opportunity to qualified prospects;

            

    

    
      
        	 	
                (p)

              	
                Prepare
                  the copy for a franchise opportunity section on the Company’s website, and
                  

              

      

      
        	 	(q) 	Serve on the Company’s Advisory
                Board. 

      

    

     

     

    

    
       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    

    1.2 Term
      of Agreement.
      This
      Agreement shall remain in full force and effect commencing on the date first
      above written subject to earlier termination as hereinafter provided.

    

    1.3Provision
      of Services.
      It is
      agreed and acknowledged that the Consultant may from time to time provide
      services to other persons, firms and companies, provided that the Consultant
      shall at no time while this Agreement remains in force provide ongoing
      consultancy services to any competitor of the Company that is not an affiliate
      of the Company. 

    

    1.4Board
      Policy and Instructions.
      The
      Consultant covenants with the Company that it will act in accordance with any
      policy of and carry out all reasonable instructions of the board of directors
      of
      the Company. The Consultant acknowledges that such policies and instructions
      may
      limit, restrict or remove any power or discretion, which might otherwise have
      been exercised by the Consultant.

    

    1.5Compensation.
      In
      consideration for the services rendered by the Consultant in 1.1 (a) to (p)
      above, the Company shall pay to the Consultant consulting fees in the sum of
      thirty four thousand ($34,000.00) dollars, which shall be paid as
      follows:

     

     

    
 

    
      	
              (a) Upon
                execution of this Agreement  

            	- $2,000.00  
	April 30, 2005     	- $2,250.00  
	May 31, 2005     	- $4,250.00  
	June 30, 2005     	- $4,250.00  
	July 31, 2005     	- $4,250.00  

    

     

    
 

    
      	
              (b)

            	
              On
                April 30, 2005, the balance of seventeen thousand ($17,000.00) dollars
                shall be paid by the Company issuing to the Consultant the equivalent
                value in the Company’s common stock, which trades on the NASD OTC BB
                exchange, based on the closing trade value of such shares on April
                30,
                2005.

            

    

     

    
      	
              (c)

            	
              In
                consideration for the services rendered by the Consultant in 1.1
                (q)
                above, the Company shall irrevocably grant to the Consultant a
                non-assignable, non-transferable option to purchase fifty thousand
                (50,000) shares in the capital stock of the Company at a price of
                US$0.50
                per share.

            

    

    

    Note:
      Compensation does not include any costs associated with graphic design, website
      development, printing of manuals, trademark applications or trademark
      registrations. 

    

    ARTICLE
      TWO - CONFIDENTIALITY AND NON-COMPETITION

    

    2.1 Confidential
      Information.
      The
      Consultant covenants and agrees that it shall not disclose to anyone any
      confidential information with respect to the business or affairs of the Company
      except as may be necessary or desirable to further the business interests of
      the
      Company. This obligation shall survive the expiry or termination of this
      Agreement.

    

    2.2 Return
      of Property.
      Upon
      expiry or termination of this Agreement the Consultant shall return to the
      Company any property, documentation, or confidential information which is the
      property of the Company.

    

    2.3 Promotion
      of Company's Interests.
      The
      Consultant agrees to perform the services contemplated by this Agreement to
      the
      best of the Consultant’s abilities.

     

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    ARTICLE
      THREE - TERMINATION

    

    3.1 Termination
      of Agreement.
      This
      Agreement will, subject to the provisions of this Agreement, be deemed to be
      terminated immediately for cause. 

    

    3.2 Definition
      of Cause.
      For the
      purposes of this Agreement, “cause” means: (i) the Consultant breaches its
      obligations under article 3 of this Agreement; or (ii) the existence of cause
      for termination of this Agreement at common law resulting from any recognized
      ground of termination for cause, including but not limited to fraud, dishonesty,
      illegality, breach of statute or regulation, conflict of interest, or gross
      incompetence; or (iii) if the Consultant breaches any other obligation under
      this Agreement and fails to rectify such breach upon provision of written notice
      to do so by the Company.

    

    3.3 Compensation
      for Cause.
      In the
      event of a termination for cause, the Consultant will receive payment of any
      consulting fees earned to the date of termination.

    

    ARTICLE
      FOUR - CAPACITY

    

    4.1 Capacity
      of Consultant. It
      is
      acknowledged by the parties hereto that the Consultant is being retained by
      the
      Company in the capacity of independent contractor and not as an employee of
      the
      Company. The Consultant and the Company acknowledge and agree that this
      Agreement does not create a partnership or joint venture between
      them.

    

    

    ARTICLE
      FIVE - GENERAL CONTRACT PROVISIONS

    

    5.1 Severability.
      If any
      provision herein is determined to be invalid or unenforceable by a court of
      competent jurisdiction from which no further appeal lies or is taken, that
      provision shall be deemed to be severed herefrom, and the remaining provisions
      herein shall not be affected thereby and shall remain valid and
      enforceable. 

    

    5.2 Further
      Assurances.
      The
      parties shall deliver to each other such further documentation and shall perform
      such further acts as and when the same may be required to carry out and give
      effect to the terms and intent of this Agreement. 

    

    5.3 Time
      of the Essence.
      Time
      shall be of the essence of this Agreement and of every part hereof and no
      extension or variation of this Agreement shall operate as a waiver of this
      provision.

    

    5.4 Prompt
      Review of Information. 
      The
      principals of the Company will be available and will perform a prompt review
      of
      any information that is pertinent to the timely completion of this Agreement.
      

    

    5.5 Entire
      Agreement.
      This
      Agreement contains the entire agreement among the parties pertaining to the
      subject matter hereof, and supersedes and replaces all previous written and
      oral
      agreements among the parties with respect to the subject matter
      hereof.

     

     

    
 

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    5.6 Enurement.
      This
      Agreement shall enure to the benefit of and be binding upon the parties and
      their respective legal personal representatives, heirs, executors,
      administrators or successors.

    

    5.7 Assignment.
      This
      Agreement is not assignable by either party without the prior written consent
      of
      the other party. 

    

    5.8 Currency.
      Unless
      otherwise provided for herein, all monetary amounts referred to herein shall
      refer to the lawful money of Canada. 

    

    5.9 Headings
      for Convenience Only.
      The
      division of this Agreement into articles and sections is for convenience of
      reference only and shall not affect the interpretation or construction of this
      Agreement. 

    

    5.10 Governing
      Law.
      This
      Agreement shall be governed by and construed in accordance with the laws of
      the
      Province of British Columbia and the federal laws of Canada applicable therein
      and each of the parties hereto agrees irrevocably to conform to the
      non-exclusive jurisdiction of the Courts of such Province.

     

    IN
      WITNESS WHEREOF
      the
      parties have duly executed this Consulting Agreement as of the date set out
      on
      the first page of this Agreement.

    

    

    TRADE
      SHOW MARKETING COMPANY

    

    

    
      	
              
                

              

              Authorized Signatory 

            
	 
	FRANCHISE 101
              INCORPORATED 
	 
	
               

              
                

                Authorized Signatory

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