Document:

exh10_meyer.htm

  
    
      Exhibit 10.1

       

      April
28, 2008

      

      

      Donald
J. Meyer (“Executive”)

      625
Madison Ave., 5th Floor

      New
York, New York 10022

      

      RE: 
Amendment to Executive Employment Agreement

      

      Dear
Donald:

      

      On
January 1, 2007, you and Centerline Capital Group, Inc.(the “Company”) entered
into an Executive Employment Agreement (the “Agreement”).  Pursuant to
Section 10(b) of the Agreement, the Agreement may be amended by a written
instrument signed by the Executive and the Company.  The parties
hereto wish to amend the Employment Agreement as provided herein.

      

      THEREFORE,
the parties, intending to be legally bound, agree as follows:

      

      1.           Amendment
of Agreement.  Section 3,
entitled Compensation
and Benefits, shall be amended to include a salary reduction of 10% in
base salary.  The following sentences shall be incorporated at the end
of section 3 (a), and read as follows:

      

      The
Executive agrees to a voluntary reduction in his base salary of 10% for the
period April 21, 2008 (the “Effective Date”) through
December 31, 2008 (the “End
Date”).  The Company will pay the Executive an amended base
salary (subsequent to the Effective Date and through the End Date, (“Salary”) of $360,000.00 per
annum payable in equal bi-weekly installments.  This reduction in
Salary is voluntary and does not constitute Good Reason, as defined in
Exhibit A of the Agreement.  The Parties agree that the reduction in
Salary is being done to reduce the Company’s overhead and compensation expense
and is contingent upon every person listed in Exhibit A, attached hereto, executing a
similar amendment to his Employment Agreement.  Unless otherwise
agreed to by Executive, on January 1, 2009, the Executive’s Salary will return
to $400,000.00.  Anything in this Agreement, as amended by this
Amendment, to the contrary notwithstanding, if the Executive’s employment with
the Company is terminated after the Effective Date and prior to January 1, 2009,
his Salary used in determining Severance Pay, if applicable,
will be the base Salary of $400,000.00, as originally stated in the
Agreement.

      

      2.           Effect of
Amendment.  The parties herby agree and acknowledge that except
as provided in this Amendment, the Agreement remains in full force and effect
and has not been modified in any other respect.

      
        
          
             

          

           

        

        
           

          
            

          

        

        
           

        

      

      

      IN WITNESS WHEREOF, the
parties have executed this Agreement, Centerline Capital Group, Inc. and
Centerline Holding Company acting by their respective duly authorized officers,
effective as of the Effective Date.

      

      

      
        	
                CENTERLINE
      CAPITAL GROUP, INC.:

              	 
      	
                EXECUTIVE:

              
	
                 

                By

              	 
      	 
      	 
      
	 
      	
                Name: Marc D.
      Schnitzer

                Title:    President

              	 
      	
                Name: Donald J.
      Meyer

              
	 
      	 
      	 
      	 
      
	
                CENTERLINE
      HOLDING COMPANY

              	 
      	 
      
	
                 

                By

              	 
      	 
      	 
      
	 
      	
                Name: Marc D.
      Schnitzer

                Title:    Chief Executive Officer and
      President

              	 
      	 
      

      

      

      

      
        
          
             

          

           

        

        
           

          
            

          

        

        
           

        

      

      EXHIBIT A

      

      

      Marc
D. Schnitzer

      Leonard
W. Cotton

      James
L. Duggins

      Robert
L. Levy

      Paul
Smyth

      Chris
Crouch

      Andrew
J. Weil

      Justin
E. Ginsberg

      John
E. D’Amico

      Nicholas
A. C. Mumford

      Donald
J. Meyerexh10_mumford.htm

  
    Exhibit 10.2

     

    April
15, 2008

    

    

    Nicholas
A. C. Mumford (“Executive”)

    625
Madison Ave., 5th Floor

    New
York, New York 10022

    

    RE:  Amendment
to Executive Employment Agreement

    

    Dear
Nicholas:

    

    On
January 1, 2007, you and Centerline Capital Group, Inc.
(the “Company”)
entered into an Executive Employment Agreement (the
“Agreement”).  Pursuant to Section 10(b) of the Agreement, the
Agreement may be amended by a written instrument signed by the Executive and the
Company.  The parties hereto wish to amend the Employment Agreement as
provided herein.

    

    THEREFORE,
the parties, intending to be legally bound, agree as follows:

    

    1.           Amendment
of Agreement.  Section 3,
entitled Compensation
and Benefits, shall be amended to include a salary reduction of 10% in
base salary.  The following sentences shall be incorporated at the end
of section 3 (a), and read as follows:

    

    The
Executive agrees to a voluntary reduction in his base salary of 10% for the
period April 21, 2008 (the “Effective Date”) through
December 31, 2008 (the “End
Date”).  The Company will pay the Executive an amended base
salary (subsequent to the Effective Date and through the End Date, (“Salary”) of $360,000.00 per
annum payable in equal bi-weekly installments.  This reduction in
Salary is voluntary and does not constitute Good Reason, as defined in
Exhibit A of the Agreement.  The Parties agree that the reduction in
Salary is being done to reduce the Company’s overhead and compensation expense
and is contingent upon every person listed in Exhibit A, attached hereto, executing a
similar amendment to his Employment Agreement.  Unless otherwise
agreed to by Executive, on January 1, 2009, the Executive’s Salary will return
to $400,000.00.  Anything in this Agreement, as amended by this
Amendment, to the contrary notwithstanding, if the Executive’s employment with
the Company is terminated after the Effective Date and prior to January 1, 2009,
his Salary used in determining Severance Pay, if applicable,
will be the base Salary of $400,000.00, as originally stated in the
Agreement.

    

    2.           Effect of
Amendment.  The parties herby agree and acknowledge that except
as provided in this Amendment, the Agreement remains in full force and effect
and has not been modified in any other respect.

    

    
      
        
           

        

         

      

      
         

        
          

        

      

      
         

      

    

    

    IN WITNESS WHEREOF, the
parties have executed this Agreement, Centerline Capital Group, Inc. and
Centerline Holding Company acting by their respective duly authorized officers,
effective as of the Effective Date.

    

    

    
      	
              CENTERLINE
      CAPITAL GROUP, INC.:

            	 
      	
              EXECUTIVE:

            
	
               

              By

            	 
      	 
      	 
      
	 
      	
              Name:  Marc D.
      Schnitzer

              Title:     President

            	 
      	
              Name:  Nicolas A. C.
      Mumford

            
	 
      	 
      	 
      	 
      
	
              CENTERLINE
      HOLDING COMPANY

            	 
      	 
      
	
               

              By

            	 
      	 
      	 
      
	 
      	
              Name:  Marc D.
      Schnitzer

              Title:     Chief Executive Officer and
      President

            	 
      	 
      

    

    

    
      
        
           

        

         

      

      
         

        
          

        

      

      
         

      

    

    EXHIBIT A

    

    

    Marc
D. Schnitzer

    Leonard
W. Cotton

    James
L. Duggins

    Robert
L. Levy

    Paul
Smyth

    Chris
Crouch

    Andrew
J. Weil

    Justin
E. Ginsberg

    John
E. D’Amico

    Nicholas
A. C. Mumfordexh10_smyth.htm

  
    Exhibit 10.3

     

    April
15, 2008

    

    

    Paul
Smyth (“Executive”)

    5221
N. O'Connor Blvd, Suite 600

    Irving
, Texas 75039

    

    RE:  Amendment
to Executive Employment Agreement

    

    Dear
Paul:

    

    On
January 1, 2007, you and Centerline Capital Group,
Inc.(the “Company”) entered into an
Executive Employment Agreement (the “Agreement”).  Pursuant to Section
10(b) of the Agreement, the Agreement may be amended by a written instrument
signed by the Executive and the Company.  The parties hereto wish to
amend the Employment Agreement as provided herein.

    

    THEREFORE,
the parties, intending to be legally bound, agree as follows:

    

    1.           Amendment
of Agreement.  Section 3,
entitled Compensation
and Benefits, shall be amended to include a salary reduction of 10% in
base salary.  The following sentences shall be incorporated at the end
of section 3 (a), and read as follows:

    

    The
Executive agrees to a voluntary reduction in his base salary of 10% for the
period April 21, 2008 (the “Effective Date”) through
December 31, 2008 (the “End
Date”).  The Company will pay the Executive an amended base
salary (subsequent to the Effective Date and through the End Date, (“Salary”) of $270,000.00 per
annum payable in equal bi-weekly installments.  This reduction in
Salary is voluntary and does not constitute Good Reason, as defined in
Exhibit A of the Agreement.  The Parties agree that the reduction in
Salary is being done to reduce the Company’s overhead and compensation expense
and is contingent upon every person listed in Exhibit A, attached hereto, executing a
similar amendment to his Employment Agreement.  Unless otherwise
agreed to by Executive, on January 1, 2009, the Executive’s Salary will return
to $300,000.00.  Anything in this Agreement, as amended by this
Amendment, to the contrary notwithstanding, if the Executive’s employment with
the Company is terminated after the Effective Date and prior to January 1, 2009,
his Salary used in determining Severance Pay, if applicable,
will be the base Salary of $300,000.00, as originally stated in the
Agreement.

    

    2.           Effect of
Amendment.  The parties herby
agree and acknowledge that except as provided in this Amendment, the Agreement
remains in full force and effect and has not been modified in any other
respect.

    

    
      
        
           

        

         

      

      
         

        
          

        

      

      
         

      

    

    

    IN WITNESS WHEREOF, the
parties have executed this Agreement, Centerline Capital Group, Inc. and
Centerline Holding Company acting by their respective duly authorized officers,
effective as of the Effective Date.

    

    

    
      	
              CENTERLINE
      CAPITAL GROUP, INC.:

            	 
      	
              EXECUTIVE:

            
	
               

              By

            	 
      	 
      	 
      
	 
      	
              Name:  Marc D.
      Schnitzer

              Title:     President

            	 
      	
              Name:   Paul
    Smyth

            
	 
      	 
      	 
      	 
      
	
              CENTERLINE
      HOLDING COMPANY

            	 
      	 
      
	
               

              By

            	 
      	 
      	 
      
	 
      	
              Name:  Marc D.
      Schnitzer

              Title:     Chief Executive Officer and
      President

            	 
      	 
      

    

    

    

    
      
        
           

        

         

      

      
         

        
          

        

      

      
         

      

    

    EXHIBIT A

    

    

    Marc
D. Schnitzer

    Leonard
W. Cotton

    James
L. Duggins

    Robert
L. Levy

    Paul
Smyth

    Chris
Crouch

    Andrew
J. Weil

    Justin
E. Ginsberg

    John
E. D’Amico

    Nicholas
A. C. Mumford

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00142-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00142-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00142-of-00352.parquet"}]]