Document:

uht-ex1013_64.htm

Exhibit 10.13

 

 

 

December 4, 2019

 

Steve Filton 

Executive Vice President & CFO

UHS of Delaware, Inc.

367 South Gulph Road 

King of Prussia, PA 19406 

 

 

Dear Steve;

 

The Board of Trustees of Universal Health Realty Income Trust, at today’s meeting, authorized the renewal of the current Advisory Agreement between Universal Health Realty Income Trust and UHS of Delaware, Inc. (“Agreement”) upon the same terms and conditions. 

 

This letter constitutes Universal Health Realty Income Trust’s offer to renew the Agreement, through December 31, 2020, upon the same terms and conditions.  Please acknowledge UHS of Delaware’s acceptance of this offer by signing in the space provided below and returning one copy of this letter to me.  Thank you.

 

 

Sincerely,

 

 

 

/s/ Cheryl K. Ramagano

Cheryl K. Ramagano

Vice President and Treasurer

 

Agreed and Accepted:

 

UHS OF DELAWARE, INC.

 

 

By: /s/ Steve Filton

Steve Filton

Executive Vice President and CFO

 

 

CC:Charles BoyleExhibit

Exhibit 10.15

AMENDMENT NUMBER 2 TO INTERCOMPANY SERVICES AGREEMENT

This Amendment Number 2 to the Intercompany Services Agreement (this “Amendment”) is made and entered into this 22nd day of April, 2019 (“Amendment Effective Date”) between RiverSource Life Insurance Company, a Minnesota Corporation, having offices at 227 Ameriprise Financial Center, Minneapolis, MN 55474 (herein “Company” and known internally as “Company 10” for accounting purposes), Ameriprise Financial, Inc., having offices at 707 2nd Avenue South Minneapolis MN, 55474 (“AFI”) and Ameriprise India, LLP (earlier known as Ameriprise India Private Limited), a corporate entity registered in India, having offices at Plot No. 14, Sector 18, Udyog Vihar, Gurugram, Haryana, 122015, India (herein “Service Provider” and known internally as “Company 672” for accounting purposes).

WHEREAS, Company, AFI and Service Provider entered into Intercompany Services Agreement effective as of January 1st, 2016 (the “Agreement”);

WHEREAS, On the recommendation by the Board of Directors and as approved by the shareholders of Ameriprise India Private Limited, and pursuant to the approval from the Ministry of Corporate Affairs in India, Ameriprise India Private Limited has been converted into LLP, in the name and style of Ameriprise India LLP, with effect from April 22, 2019; and

WHEREAS, Company, AFI and Service Provider wish to amend certain of their understandings as set forth herein.

NOW THEREFORE, IN CONSIDERATION of the mutual promises and agreements set forth below, the parties agree as follows:

		
	1.
	AMENDED TERM(S)

		
	A.
	All references to “Ameriprise India Private Limited” in the Agreement is hereby deleted and is replaced with “Ameriprise India, LLP”. For clarity the term “Service Provider” and “Company 672” shall now mean “Ameriprise India, LLP”.

		
	2.
	GENERAL

		
	A.
	Terms used with initial capital letters in this Amendment, but not defined herein, shall have the meaning specified for them in the Agreement.

		
	B.
	Except as expressly amended herein, the remaining terms and conditions of the Agreement shall remain in full force and effect.

IN WITNESS WHEREOF, each party hereto has, through its duly authorized representative, executed this Amendment as of the date set forth below.

	
					
	AMERIPRISE INDIA, LLP
	 
	RIVERSOURCE LIFE INSURANCE COMPANY

	By:
	/s/ Manjul Grover
	By:
	/s/ John R. Woerner

	 
	 
	 
	 

	Name:

	Manjul Grover
	Name:

	John R. Woerner

	(Type or print)
	(Type or print)

	Title:
	Vice President Finance & Asset Management Operations
	Title:
	President

	 
	 
	 
	 

	Date:
	 
	Date:
	10/7/2019

	 
	 
	 

	AMERPRISE FINANCIAL, INC.
	 
	 

	By:
	/s/ John R. Hutt
	 
	 

	 
	 
	 
	 

	Name:
	John R. Hutt
	 
	 

	(Type or print)
	 
	 

	Title:
	Senior Vice President & Controller
	 
	 

	 
	 
	 
	 

	Date:
	9/4/2019
	 
	 

1fmao-ex41_282.htm

 

Exhibit 4.1

DESCRIPTION OF REGISTERED SECURITIES

Common Stock

Farmers & Merchants Bancorp, Inc. (the “Registrant”) is a corporation organized under the laws of the State of Ohio and a financial holding company registered under the Bank Holding Company Act of 1956, as amended.  The Registrant’s common shares are registered with the Securities and Exchange Commission under Section 12(b) of the Securities Exchange Act of 1934 pursuant to a registration statement on Form 8-A.

Set forth below is a description of the Registrant’s common shares.  This description is qualified in its entirety by reference to the Registrant’s Amended Articles of Incorporation (the “Articles”), its Amended Code of Regulations (the “Code”), and the relevant provisions of Ohio law. 

Voting rights 

At all meetings of the Registrant’s shareholders, 33 1/3% of the shares entitled to vote, represented either in person or by proxy, shall constitute a quorum for the transaction of business. Except in the election of members of the Registrant’s board of directors (the “Board” and “Directors” as applicable) where the Shares may be voted cumulatively, the holders of the Shares are entitled at all times to one vote for each Share.  Except with respect to the election of Directors, and as otherwise provided by the Articles or the Code, or by applicable law, a majority of votes cast at any meeting at which a quorum is present shall determine the outcome of any motion.  

Directors are elected by a plurality of the votes cast, which means that the nominees receiving the largest number of votes FOR will be elected.  The laws of Ohio and the Registrant’s Articles permit cumulative voting in the election of Directors if a shareholder submits the appropriate written notice to the Registrant not less than 48 hours before the time fixed for holding a meeting of shareholders for the purpose of electing Directors, and the appropriate announcement of the giving of such notice is made upon the convening of the meeting.  Cumulative voting rights allow shareholders to multiply the number of shares owned by them times the number of Directors to be elected to calculate their total respective voting power and to cast such votes for one nominee or to allocate such votes among nominees as they deem appropriate. 

Preemptive rights 

Shareholders possess the preemptive right to subscribe for additional shares of the Registrant if and when offered for sale thereby. The Ohio General Corporation Law provides that shareholders having preemptive rights shall have the right, during a reasonable time and on reasonable terms fixed by the Directors, to purchase additional shares of the Registrant in proportion to their respective holdings, subject to a limited number of exceptions.

Liquidation rights 

In the event of any liquidation, dissolution or winding up of the Registrant, the remaining assets of the Registrant, after the payment of all debts and necessary expenses, will be distributed among the holders of the Shares pro rata in accordance with their respective holdings. 

Conversion, redemption and sinking fund rights; shares nonassessable  

There are no conversion terms, sinking fund provisions or redemption rights associated with the Registrant’s Shares.   When authorized by the affirmative vote of a majority of the Board, without any action or approval of shareholders, the Registrant may from time to time redeem or repurchase shares for such prices and upon such terms and conditions as the Directors may determine.  Upon receipt of consideration by the Registrant as fixed by its Board, each Share issued is then fully paid and nonassessable.   

Payment of dividends 

The holders of the Registrant's Shares, are entitled to the payment of dividends when, as and if the Board may in its discretion periodically declare, which dividends may be paid out of funds legally available for dividends and distributions under applicable laws and regulations. 

 

1

 

 

Special meetings 

Special meetings of shareholders may be called in accordance with the Ohio General Corporation Law by any of the following:

	
 
	
•
	
The chairperson of the Board, the president, or, in case of the president's absence, death, or disability, the vice-president authorized to exercise the authority of the president; 

	
 
	
•
	
The Board by action at a meeting, or a majority of the Directors acting without a meeting; and 

	
 
	
•
	
Persons who hold 25% of all Shares outstanding and entitled to vote at the meeting.

Shareholder vote required to approve business combinations with Interested Persons 

Article Sixth of the Articles provides that certain business combination transactions between the Registrant and a party that owns more than 10% of the Registrant’s outstanding shares of common stock require the affirmative vote of the holders of at least a majority of the Registrant’s outstanding Shares other than those beneficially owned by the counterparty to the proposed transaction.  The foregoing shareholder vote requirements do not apply to any proposed transaction:   

	
 
	
•
	
if a majority of the outstanding shares of the counterparty’s capital voting stock is owned by the Registrant and/or its subsidiaries; 

	
 
	
•
	
if the Board of Directors of the Registrant shall have approved a memorandum of understanding with the counterparty regarding and substantially consistent with such transaction prior to the time the counterparty became the beneficial owner of 10% or more of the Registrant’s outstanding shares of capital stock; or 

	
 
	
•
	
if approved by resolution adopted by the affirmative vote of at least three-fourths of the Registrant’s Board.

The provisions contained in Article Sixth of the Articles could have the effect of delaying, deferring or preventing a change in control of the Registrant.

Restrictions on Alienation

No restrictions on alienation of the Shares are imposed by the Registrant's Articles or Code.  

Amendments to Articles and Code 

Article Ninth of the Articles provides that any amendment may be made by the affirmative vote of the holders of 66 2/3% of the total number of shares voted, provided however, that the total number of shares voted in favor of the amendment represents at least a majority of the total voting power of the Registrant.  In addition, any amendment that is inconsistent with, or would have the effect of altering or repealing the provisions of Article Sixth of the Registrant’s Articles requires the affirmative vote of the holders of Shares that would be required to approve a transaction under the provisions thereof. 

Under the provisions of Ohio law and the Code, the Code may be altered, amended, added to or repealed by the affirmative vote of the holders of shares entitling them to exercise a majority of the voting power of the Registrant.

Removal of Directors  

Under the Ohio General Corporation Law, if the shareholders have the right to vote cumulatively in the election of directors, then, all the directors or any individual director may be removed from office, without assigning any cause, by the vote of the holders of a majority of the voting power entitling them to elect directors in place of those to be removed, except that, unless all the directors are removed, no individual director shall be removed if the votes of a sufficient number of shares are cast against the director's removal that, if cumulatively voted at an election of all the directors, or all the directors of a particular class, as the case may be, would be sufficient to elect at least one director.

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