Document:

ex10-10.htm

    Exhibit
10.10

    

    

    [Letterhead
of The Davey Tree Expert Company]

    

    

    

    

    November
27, 2009

    

    

    Robert A.
Stefanko

    8528
Timber Trail

    Brecksville,
Ohio 44141

     

    Dear
Bob:

     

    This is
to confirm the mutual agreement we have reached regarding your resignation from
the Board of Directors of The Davey Tree Expert Company effective November 27,
2009 so that you may devote more time to your other business and personal
interests and the obligations that will continue between you and Davey after
that resignation. We thank you for your past service to Davey and wish you well
in your future endeavors.

     

    You
currently own 3,900 shares of Davey common stock and hold options to acquire up
to an additional 8,000 shares. Under the plan pursuant to which those options
were granted, the options must be exercised, if at all, within three months of
your resignation. You will sell the 3,900 shares you now own and any shares you
may acquire upon exercise of the options to Davey by not later than June 30,
2010, at the formula repurchase price in effect at the time you sell the
shares.

     

    Following
your resignation, you will continue to hold in confidence all information
regarding the business of Davey and the deliberations of the Board during your
tenure to the same extent as you would be obligated to hold those matters in
confidence if that tenure continued indefinitely. You will refrain from making
any statements disparaging Davey or any of its directors, officers, or
employees. Similarly, the other members of the Board and Davey will refrain from
making any statements disparaging you.

     

    Davey
will pay to you, in full satisfaction of any claims you may have against Davey
for compensation as a director or otherwise, the sum of $90,000 ("Compensation")
in two equal payments of $45,000 each. The first of these payments will be made
within three business days of the date of your resignation; the second will be
made on July 1, 2010. Each payment will be made by check delivered to you
at your home address set forth above.

     

    Davey
agrees that it will provide you with an advance copy of, and a reasonable
opportunity to comment to Davey upon, any press release, SEC filing or other
public disclosure that Davey proposes to make concerning the subject matter of
this letter. Davey will only make such public disclosures concerning the same as
Davey reasonably believes are required by applicable laws or regulations. Davey
will file a Form 8-K Current Report in connection with this matter stating only
the fact that, effective November 27, 2009, you have resigned from your Board
and Committee positions at Davey to devote more time to your other business and
personal interests.

     

    In
consideration of the Compensation to be made to you under this letter, you, for
yourself, your heirs, administrators, executors, and assigns, release and
discharge Davey, its affiliates, subsidiaries, successors, and assigns and the
employees, officers, directors, and agents thereof (collectively referred to in
this Release as the “Released Parties”) from any and all charges, claims, or
causes of action of any kind whatsoever, both known and unknown, in law or in
equity, that you ever had, now have, or may have against any the Released
Parties or any one or more of them by reason of acts or omissions that have
occurred on or before the date on which you sign this letter, including, without
limitation, any claim resulting or arising out of or relating to, directly or
indirectly, your service as a director of Davey and/or any of its affiliates or
the termination of that service. You also waive any claim that you might
otherwise have that your service terminated or ended because of any wrongful,
unlawful, or improper reason or in violation or breach of any express or implied
contract or agreement, or that the Released Parties, or any of them, engaged in
any unlawful or discriminatory act, event, pattern, or practice involving age,
religion, sex, national origin, ancestry, handicap, veteran status, race, color,
or other protected status. Notwithstanding the foregoing two sentences of this
paragraph, it is expressly understood and agreed that the foregoing release is
not a release of or a limitation on any rights you now have as a director of
Davey, or any rights you may hereafter have as a former director of Davey, to be
indemnified under Article V of Davey's 1987 Amended and Restated Regulations
with respect to any matter as to which you would now or hereafter otherwise be
entitled to be indemnified thereunder, or any rights set forth in this
letter.

     

    Davey, on
behalf of itself and its subsidiaries, related companies, affiliates and
divisions and their respective present and former directors, officers, agents,
representatives, employees, successors and assigns, hereby releases you from any
and all claims and rights of any kind whatsoever that any of them has or may
have against you by reason of acts or omissions that have occurred on or before
the date on which you sign this letter, whether known or unknown, and whether
arising out of your service as a director of Davey or arising
otherwise.

     

    Your
resignation will become effective immediately upon your delivery of a
countersigned copy of this letter to the undersigned. We do appreciate your
cooperation in this regard.

     

    Best
regards,

     

    /s/ Karl
J. Warnke

     

    Karl J.
Warnke

     

    

     

    I hereby
resign as a member of the Board of Directors of The Davey Tree Expert Company
and agree to the terms of the foregoing letter.

    

     

    /s/
Robert A. Stefanko

     

    Robert A.
Stefanko

    

    Date:  November
27, 2009Exhibit 10

 

 

Exhibit
10.10

 

 

SECOND
AMENDMENT TO ASSIGNMENT AND ASSUMPTION AGREEMENT

This Second
Amendment to Assignment and Assumption Agreement (the "Amendment") is made and
entered into as of March 1, 2010 (the "Effective Date"), by and
among
Investment Concepts, Inc., a California corporation, National Tax Credit, Inc.
II, a California
corporation, National Tax Credit Investors II, a California limited partnership,
and GAC Realty Advisors, LP, a Nevada limited partnership (each, a "Party" and
any two or more, as the context requires, collectively, the "Parties"),
with reference
to the following:

A.                                  
The Parties
entered into that certain Assignment and Assumption Agreement, dated as of
September 8, 2009, as amended by the First Amendment to Assignment and
Assumption
Agreement, dated as of January 31, 2010 (collectively, the "Agreement"),
and
under the
terms of the Agreement, the closing of the transactions contemplated thereunder
was to occur in no
event later than March 1, 2010 (the "Current
Closing Date").

B.                                  
The Parties
desires to modify the Agreement to extend the Current Closing Date
as herein
provided.

NOW THEREFORE,
in consideration of the mutual promises and for such other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, the
Parties agree as follows:

1.                
Capitalized
terms used herein have the same meanings as set forth in the Agreement,
unless specifically defined herein.

2.                
The Closing
Date is extended until March 31, 2010.

3.                
This Amendment
constitutes the sole agreement of the Parties with respect to the matters
herein, all prior oral or written agreements being merged herein.

4.                
This Amendment
may be signed in any number of counterparts, each of which shall be an original
for all purposes, but all of which taken together shall constitute only one
agreement.

Except as set
forth above, all of the terms and conditions of the Agreement remain
unmodified and
in full force and effect.

[Signature on following
page(s)]

                       
IN WITNESS WHEREOF, the Parties have entered into this Amendment as of the
Effective Date.

 

 

CO-GENERAL
PARTNER:                                       
INVESTMENT CONCEPTS, INC.,

                                                                                   
a California corporation

 

                                                                                   
By  /s/George Chami

                                                                                         
Name:  George Chami

                                                                                         
Title:  President

 

 

ASSIGNEE:                                                                
GAC REALTY ADVISORS, LP,

                                                                                   
a Nevada limited partnership

 

                                                                                   
By  First Advisors Mortgage Corp.,

                                                                                         
a Nevada corporation

                                                                                         
General Partner

 

                                                                                         
By  /s/George Chami

                                                                                               
Name:  George Chami

                                                                                               
Title:  President

 

 

ASSIGNOR:                                                               
NATIONAL TAX CREDIT, INC. II,

                                                                                   
a California corporation

 

                                                                                   
By  /s/Derek J. Hart

                                                                                         
Name:  Derek J. Hart

                                                                                         
Title:  Senior Vice President

 

                                                                                   
NATIONAL TAX CREDIT INVESTORS II,

                                                                                   
a California limited partnership

 

                                                                                   
By  National Partnership Investments Corp.,

                                                                                         
a California corporation,

                                                                                         
General Partner

 

                                                                                         
By  /s/Derek J. Hart

                                                                                               
Name:  Derek J. Hart

                                                                                               
Title:  Senior Vice President

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00170-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00170-of-00352.parquet"}]]