EX-10.1 3 w39997ex10-1.txt ZEMEX CORPORATION 1999 STOCK OPTION PLAN AMENDMENT 1 EXHIBIT 10.1 ZEMEX CORPORATION AMENDMENT TO ZEMEX CORPORATION 1999 STOCK OPTION PLAN Zemex Corporation (the "Corporation") hereby amends the terms of the Zemex Corporation 1999 Stock Option Plan (the "Plan") as follows: 1. The reference to "272,543" in Section 4(1) of the Plan is replaced by "372,543". * * * This Amendment was duly approved by the Board of Directors of the Corporation on October 20, 1999. /s/ Allen J. Palmiere -------------------------------------- Allen J. Palmiere Vice President, Chief Financial Officer and Corporate Secretary 7