Document:

RENEWAL AGREEMENT

 

THIS RENEWAL AGREEMENT, dated as of December
11, 2013 (the “Agreement”), is entered into between SENTIO HEALTHCARE PROPERTIES, INC., a Maryland corporation
(the “Company”), and SENTIO INVESTMENTS, LLC a Florida limited liability company (the “Advisor”).

 

WHERAS, the Company and the Advisor are
parties to an advisory agreement that became effective on January 1, 2013 for an initial one-year term ending December 31, 2013
(the “Advisory Agreement”);

 

WHEREAS, The Company, Sentio Healthcare
Properties OP, L.P., a Delaware limited partnership, the Advisor, and Sentinel RE Investment Holdings LP, a Delaware limited partnership
(the “Investor”) are party to that certain Transition to Internal Management Agreement dated as of February
10, 2013 (the “Transition to Internal Management Agreement”);

 

WHEREAS, subject to the receipt of certain
required third-party consents, which have heretofore been obtained, the Transition to Internal Management Agreement effected certain
amendments to the terms of the Advisory Agreement;

 

WHEREAS, the Company desires to continue
to avail itself of the experience, sources of information, advice, assistance and certain facilities available to the Advisor and
to have the Advisor continue to undertake the duties and responsibilities hereinafter set forth, on behalf of, and subject to the
supervision of, the Board of Directors, all as provided herein;

 

WHEREAS, the Advisor is willing to continue
to undertake to render advisory services to the Company, subject to the supervision of the Board of Directors of the Company, on
the terms and conditions hereinafter set forth.

 

NOW, THEREFORE, in consideration of the
foregoing and of the mutual covenants and agreements contained herein, the parties hereto agree as follows:

 

1. Renewal Term. In accordance
with the provisions of Section 14 of the Advisory Agreement and Section 1 of the Transition to Internal Management Agreement, the
term of the Advisory Agreement is hereby renewed for a one-year term commencing January 1, 2014 and ending December 31, 2014.

 

2. Ratification; Effect on Advisory
Agreement. The Advisory Agreement, as amended pursuant to the terms of the Transition to Internal Management Agreement,
shall remain in full force and effect and is hereby confirmed in all respects. On and after the date hereof, each reference in
the Advisory Agreement to “this Agreement,” “herein,” “hereof,” or words of similar import
will mean and be a reference to the Advisory Agreement as renewed hereby.

 

3. Modification. This Agreement
shall not be changed, modified, terminated, or discharged, in whole or in part, except by an instrument in writing signed by both
parties hereto, or their respective successors or assignees.

 

    	 

    	 

    

 

 

4. Construction; Consent to Jurisdiction.
This Agreement shall be governed by and construed in accordance with the laws of the State of Florida, without regard to principles
of conflicts of laws. Any suit involving any dispute or matter arising under this Agreement may only be brought in the federal
or state courts located in the State of Florida. Each of the parties hereto consents to the exercise of personal jurisdiction by
such courts with respect to all such proceedings. EACH OF THE PARTIES HERETO HEREBY KNOWINGLY AND VOLUNTARILY WAIVES ANY AND ALL
RIGHTS TO A JURY TRIAL, TO THE FULLEST EXTENT THAT ANY SUCH RIGHT SHALL NOW OR HEREAFTER EXIST, IN ANY PROCEEDING, CLAIM, COUNTER-CLAIM
OR OTHER ACTION INVOLVING ANY DISPUTE OR MATTER ARISING UNDER THIS AGREEMENT.

 

5. Execution in Counterparts.
This Agreement may be executed in any number of counterparts, each of which shall be deemed to be an original as against any party
whose signature appears thereon, and all of which shall together constitute one and the same instrument. This Agreement shall become
binding when the counterparts hereof, taken together, bear the signatures of all of the parties reflected hereon as the signatories.

 

[signature page follows]

 

    	 

    	 

    

 

IN WITNESS WHEREOF, the parties hereto have
executed this Renewal Agreement as of the date and year first above written.

 

	 	SENTIO HEALTHCARE PROPERTIES, INC.
	 	 
	 	 
	 	
        By:
	/s/ John Mark Ramsey
	 	 	John Mark Ramsey, Chief Executive Officer and President
	 	
	 	 
	 	 
	 	SENTIO INVESTMENTS, LLC
	 	 
	 	 
	 	
        By:
	/s/ John Mark Ramsey
	 	 	John Mark Ramsey, Chief Executive Officer and PresidentExhibit 10.1

 

FIRST AMENDMENT TO 

AMENDED AND RESTATED MANAGEMENT SERVICES
AGREEMENT

 

This First Amendment
to Management Services Agreement is entered into as of December 9, 2013 (the “Amendment”) by and between SMG
Indium Resources Ltd., a Delaware corporation (the “Company”), and Specialty Metals Group Advisors LLC, a Delaware
limited liability company (the “Manager”).

 

The
Company and the Manager previously executed that certain Management Services Agreement dated as of May 10, 2011, pursuant
to which the Manager agreed to, among other things, assist the Company in the management of the Company’s operations (as
amended from time to time, the “Agreement”). Capitalized terms used in this Amendment which are defined in or
by reference in the Agreement and not otherwise defined herein shall have the meaning set forth in the Agreement. 

 

Now, therefore, in
consideration of the foregoing and the mutual covenants and agreements contained herein, the Company and the Manager agree to amend
the Agreement as follows:

 

1.Section 2 a.
of the Agreement is hereby amended by deleting such section in its entirety and replacing it with the following:

 

“2.
Fees and Expenses.

 

a. Management Fee.

 

i. Through
December 31, 2013. In consideration for Manager providing services hereunder through December 31, 2013, the Manager shall receive
from the Company, and the Company shall pay to the Manager, regardless of its ability to successfully purchase and stockpile the
metal indium, a fee equal to 1/6th of 1% per month of the NMV (2% per annum). For purposes of this Section 2, the Management Fee
shall be determined by (x) multiplying the number of kilograms of indium held by the Company by the last spot price for indium
published by Metal Bulletin posted on Bloomberg L.P. for the month, plus cash and any other Company assets, less any and all of
the Company’s outstanding payables, indebtedness and any other liabilities, (y) multiplied by 1/6th of 1%. Such Management
Fee shall be determined on the last day of each month and payable on or before the 10th day following the end of such month.

 

ii. Beginning
January 1, 2014 and ending December 31, 2014. In consideration for Manager providing services hereunder, beginning January
1, 2014 and through the end of the Term which is scheduled to expire on December 31, 2014, notwithstanding the formula set forth
in Section 2(a)(i) hereof, the Manager shall receive from the Company, and the Company shall pay to the Manager, a monthly fee
determined by adding the sum (x) of (A) Twenty Five Thousand Dollars ($25,000), plus (B) the actual aggregate amount of management
fees paid by the Company to the Manager from January 1, 2013 through December 31, 2013 pursuant to paragraph 2.a.i. above, divided
by (y) 12. Such Management Fee shall be payable on or before the 10th day following the end of each month.

 

 

    	 

    	 

    

 

 

2.Section
3 of the Agreement is hereby amended by deleting such section in its entirety and replacing it with the following:

 

“3.
Term. Unless earlier terminated pursuant to Section 3 below, this Agreement shall remain in effect until December 31, 2014.
This Agreement may be renewed on terms mutually acceptable to each party upon 90 days written notice prior to the expiration of
such term.” 

 

3.Section
4 of the Agreement is hereby amended by deleting such section in its entirety and replacing it with the following:

 

"4. Termination.

 

		a.	By Both Parties. This Agreement may be terminated by mutual consent of the parties upon 90 days written notice.

 

		b.	By the Company For Cause. The Company may terminate this Agreement for Cause by action of the Board of Directors upon
written notice to the Manager at any time. “Cause” shall mean:

 

		i.	If any member of the Manager (x) has been convicted of,
or entered into a plea of guilty or nolo contendere for a felony or other serious crime or crime involving moral turpitude, or
any knowing violation of any federal or state banking, securities or tax law or regulation (y) is determined by a court of law
to have committed a willful act of embezzlement, fraud or dishonesty (with respect to the Company or any of its affiliates or
any of their customers or suppliers) which may adversely affect the Company’s financial, market, reputation and other interests
in any material manner; or

 

		ii.	Manager’s repeated material non-compliance or breach of this Agreement, in connection with Manager’s duties hereunder,
after written notice thereof from the Board of Directors, and such material non-compliance has not been cured within 90 days after
Manager’s receipt of notice thereof from the Board of Directors.

 

Notwithstanding the foregoing, the Manager shall not
be terminated for Cause pursuant to this Section 4(b) without (i) reasonable notice to Manager setting forth the reasons for the
Company’s intention to terminate for Cause, and (ii) an opportunity for Manager, together with counsel, if any, to be heard
before the Board of Directors.

 

		c.	By Manager. Manager may terminate this Agreement upon 30 days written notice to the Board of Directors if there is a
Change in Control of the Company. For purposes of this Agreement, Change in Control shall mean (i) the acquisition of 50% or more
of the then outstanding voting stock of the Company in a single transaction or series of transactions, (ii) members of the incumbent
Board of Directors cease to constitute a majority of the Board of Directors without the approval of the remaining members of the
Board of Directors or (iii) reorganization, merger or consolidation where all or substantially all holders of the outstanding voting
stock of the Company do not, after such reorganization, merger or consolidation, own more than 50% of the then outstanding voting
stock of the resulting entity.

  

    	 

    	 

    

 

		d.	Liquidation, Dissolution or Bankruptcy of the Company. This Agreement shall terminate upon the completion of the dissolution,
liquidation, winding-up, bankruptcy, sale of substantially all of the assets, sale of the business or insolvency proceeding commenced
by, or on behalf of, the Company."

 

4.Section
5 of the Agreement is hereby amended by deleting such section in its entirety and replacing it with the following:

 

"5.
Effects of Termination.

 

		a.	Company Termination (other than for Cause); Manager Termination. If (A) Manager is terminated by the Company (other
than for Cause) or (B) Manager terminates the Agreement pursuant to Section 4(c) or 4(d), then the Manager shall receive the Management
Fee payable through the end of the Term (December 31, 2014). Any unearned amounts of the Management Fee that would otherwise have
been payable if this Agreement had not been terminated shall accelerate and become automatically due and payable.

 

		b.	Company Termination for Cause. If Manager is terminated by the Company for Cause pursuant to Section 4(b), no further
payments of the Management Fee shall be paid after the effectiveness of termination under Section 4(b) is given by the Board of
Directors to the Manager."

 

5.All
other provisions of the Agreement remain unchanged and continue in full force and effect under the terms of the Agreement.

 

6.If any provision
of this Amendment shall be held invalid or unenforceable, such invalidity or unenforceability shall affect only such provision
and shall not in any manner affect or render invalid or unenforceable any other provision of this Amendment, and this Amendment
shall be enforced as if any such invalid or unenforceable provision were not contained herein.

 

7.In the event
of any conflict between the provisions of the Agreement and the provisions of this Amendment, the provisions of this Amendment
shall govern and control.

 

8.Any future reference
to the Agreement shall be deemed to be a reference to the Agreement as amended by this Amendment and as the same may, from time
to time, be hereafter further modified.

 

9.This Amendment
shall be binding upon and inure to the benefit of the parties hereto and their respective successors and assigns, and may not be
modified, amended or cancelled except by a written instrument executed by the parties hereto or their respective successors or
assigns.

 

10.This
Amendment may be executed and delivered in one or more counterparts, including by facsimile signature, each of which shall be deemed
an original, but all of which together shall constitute one and the same instrument.

  

[Signature page follows]

 

    	 

    	 

    

 

 

IN WITNESS WHEREOF, the Company and the
Manager have each executed and delivered this Amendment under seal as of the day and year first above written.

 

 

	 	SMG INDIUM RESOURCES LTD.
	 	
         

         

        By:
	
         

         

        /s/ Ailon Z. Grushkin

	 	Name:	Ailon Z. Grushkin
	 	Title:	President

 

 

	 	
        SPECIALTY METALS GROUP 

        ADVISORS LLC

	 	
         

         

        By:
	
         

         

        /s/ Ailon Z. Grushkin

	 	Name:	Ailon Z. Grushkin
	 	Title:	Manager

  

Acknowledged and Agreed:

 

	 	 
	/s/ Richard A. Biele	 	 
	Richard A. Biele	 	 
	 	 	 
	/s/ Alan C. Benjamin	 	 
	Alan C. Benjamin	 	 
	 	 	 
	 	 	 
	
        RCM Indium, LLC

         
	 	 
	By:	/s/ William C. Martin	 	 
	Name:	William C. Martin	 	 
	Title:	Manager

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