Document:

Exhibit 10.1

                                Equity Inns, Inc.

               Summary of 2006 Non-Employee Director Compensation

                                                               Amount
               Annual Retainer                             $25,000
               Fee per Board Meeting Attended                1,250
               Fee per Committee Meeting Attended            1,000
               Committee Chair Fees:
                           Audit Committee                   7,500
                           Compensation Committee            5,500
                           Corporate Governance and
                               Nomination Committee          5,000
               Annual Restricted Stock Award               $25,000 (1)

               ----------------------

               (1) Non-employee directors will receive a number of shares equal
                  in value to $25,000 based on the closing sale price for the
                  Company's common stock on the date of grant. Non-employee
                  directors will receive this annual grant effective the date of
                  the Company's first board meeting following each of the
                  Company's annual meeting of shareholders.exhibit 10 11 first amendment

    FIRST
      AMENDMENT TO CREDIT AGREEMENT

    

     

        THIS
      FIRST
      AMENDMENT TO CREDIT AGREEMENT (this "Amendment")
      dated as
      of March 9, 2004 is among HEARTLAND FINANCIAL USA, INC., a corporation formed
      under the laws of the State of Delaware (the "Borrower"),
      each of
      the banks party hereto (individually, a "Bank"
      and
      collectively, the "Banks")
      and THE
      NORTHERN TRUST COMPANY, as agent for the Banks (in such capacity, together
      with
      its successors in such capacity, the "Agent").

     

        WHEREAS,
      the
      Borrower, the Agent and the Banks have entered into a Credit Agreement dated
      as
      of January 31, 2004 (the "Credit
      Agreement");
      and

     

        WHEREAS,
      the
      Borrower, the Agent and the Banks wish to amend the Credit Agreement
      to allow
      for an increase in the permitted Indebtedness in connection with an offering
      of
      Trust Preferred Securities by one of the Borrower's Subsidiaries (which is
      a
      Trust Issuer) and the incurrence of the Trust Indebtedness and Trust Guarantee
      by the Borrower relating to such Trust Preferred Securities, all as provided
      herein;

     

        NOW,
      THEREFORE, for valuable consideration, the receipt and sufficiency of which
      is
      hereby acknowledged, the parties hereto agree as follows:

     

        1.   Definitions.
      Terms
      defined in the Credit Agreement and not otherwise defined herein shall have
      the
      respective meanings given to them in the Credit Agreement and terms defined
      in
      the introductory paragraphs or other provisions of this Amendment shall have
      the
      respective meanings attributed to them therein. In addition, the following
      terms
      shall have the following meanings (terms defined in the singular having a
      correlative meaning when used in the plural and vice versa):

     

    "Effective
      Date" shall mean March 9, 2004, if (i) this Amendment shall have been
      executed and delivered by the Borrower, the Agent and the Banks and (ii) the
      Borrower shall have performed its obligations under Section 3
      hereof,

      

        2.   Amendment
      to Section 7.5(a) of the Credit Agreement. Section
      7.5(a)
      of the
      Credit Agreement is hereby amended as of the Effective Date by deleting the
      dollar amount "$65,000,000" appearing in clause
      (vi)
      thereof
      and inserting in its place the dollar amount "$88,000,000".

     

        3.  Conditions
      to Effective Date,
      The
      occurrence of the Effective Date shall
      be
      subject to the satisfaction, on and as of the Effective Date, of the following
      conditions precedent:

     

            (a)  The
      Borrower, the Agent and the Majority Banks shall have executed and delivered
      this Amendment,

     

            (b)  No
      Default shall have
      occurred
      and be continuing under the Credit Agreement, and the representations and
      warranties of the Borrower in Section 6 of the Credit Agreement and in
Section
      7
      hereof
      shall be true and correct on and as of the Effective Date and the
      Borrower shall have provided to the Agent a certificate of a senior officer
      of
      the Borrower to that effect.

     

            (c)     
      Each Guarantor shall acknowledge and consent to this Amendment for purposes
      of
      its Guaranty Agreement as evidenced by its signed acknowledgment of this
      Amendment on the signature page hereof.

     

            (d)    
      The
      Borrower shall have delivered to the Agent, on behalf of the Banks, such other
      documents as the Agent may reasonably request.

     

        4.  Effective
      Date Notice.
      Promptly
      following the occurrence of the Effective Date, the Agent shall give notice
      to
      the parties of the occurrence of the Effective Date, which notice shall be
      conclusive, and the parties may rely thereon; provided, that such notice shall
      not waive or otherwise limit any right or remedy of the Agent or the Banks
      arising out of any failure of any condition precedent set forth in Section
      3
      to be
      satisfied.

     

        5.  Termination,
      If the
      Effective Date shall not have occurred on or before March 19, 2004,
      the
      Agent on instruction of the Majority Banks may terminate this Amendment by
      notice in
      writing
      to the Borrower at any time before the occurrence of the Effective Date;
      provided, that the Borrower's obligations under Section
      11,
      shall
      survive any such termination,

     

        6.  Ratification,
      The
      parties agree that the Credit Agreement, as amended hereby, and the Notes have
      not lapsed or terminated, are in full force and effect, and are and from and
      after the Effective Date shall remain binding in accordance with their
      terms.

     

        7.  
Representations
      and Warranties,
      The
      Borrower represents and warrants to the Agent and the Banks that:

     

            (a)  No
      Breach,
      The
      execution, delivery and performance of this Amendment will not conflict with
      or
      result in a breach of, or cause the creation of a Lien or require any consent
      under, the articles of incorporation or bylaws of the Borrower, or any
      applicable law or regulation, or any order, injunction or decree of any court
      or
      governmental authority or agency, or any agreement or instrument to which the
      Borrower is a party or by which it or its property is bound,

     

            (b)  Power
      and Action, Binding Effect.
      The
      Borrower has been duly incorporated and is validly existing as a corporation
      under the laws of the State of Delaware and has all necessary power and
      authority to execute, deliver and perform its obligations under this Amendment
      and the Credit Agreement, as amended by this Amendment; the execution, delivery
      and performance by the Borrower of this Amendment and the Credit Agreement,
      as
      amended by this Amendment, have been duly authorized by all necessary action
      on
      its part; and this Amendment and the Credit Agreement, as amended by this
      Amendment, have been duly and validly executed and delivered by the Borrower
      and
      constitute legal, valid and binding obligations, enforceable in accordance
      with
      their respective terms,

     

            (c) Approvals,
      No
      authorizations, approvals or consents of, and no filings or registrations with,
      any governmental or regulatory authority or agency or any other person are
      necessary
      for the execution, delivery or performance by the Borrower of this Amendment
      or
      the Credit Agreement, as amended by this Amendment, or for the validity or
      enforceability thereof,

     

        8.   Successors
      and Assigns.
      This
      Amendment shall be binding upon and inure to the benefit of the Borrower, the
      Agent and the Banks and their respective successors and assigns, except that
      the
      Borrower may not transfer or assign any of its rights or interest
      hereunder.

     

        9.  Governing
      Law.
      This
      Amendment shall be governed by, and construed and interpreted in accordance
      with, the internal laws of the State of Illinois.

     

        10.   Counterparts.
      This
      Amendment may be executed in any number of counterparts and each party hereto
      may execute any one or more of such counterparts, all of which shall constitute
      one and the same instrument. Delivery of an executed counterpart of a signature
      page to this Amendment by telecopy shall be as effective as delivery of a
      manually executed counterpart of this Amendment.

     

        11.   Expenses.
      Whether
      or not the Effective Date shall occur, without limiting the obligations of
      the
      Borrower under the Credit Agreement, the Borrower agrees to pay, or to reimburse
      on demand, all reasonable costs and expenses incurred by the Agent in connection
      with the negotiation, preparation, execution, delivery, modification, amendment
      or enforcement of this Amendment, the Credit Agreement and the other agreements,
      documents and instruments referred
      to. herein, including the reasonable fees and expenses of Gardner Carton &
Douglas LLP,
      special
      counsel to the Agent, and any other counsel engaged by the Agent.

     

    [Signature
      Page Follows]

     

     

    

     

    
      
        
        

         

      

      
         

        
          

        

      

      
         

        
        

      

    

    IN
      WITNESS WHEREOF, this Amendment has been executed as of the date first
      above
      written.

    

    HEARTLAND
      FINANCIAL USA, INC.

    By:
      /s/
      John K. Schmidt

    Name:
      John K. Schmidt

    Title:
      EVP, CFO, COO

    

    THE
      NORTHERN TRUST COMPANY,

    As
      Agent

    

    By:
      /s/
      Thomas E. Bernhardt

    Name:
      Thomas E. Bernhardt

    Title:
      Vice President

    

    BANKS:

    

    THE
      NORTHERN TRUST COMPANY

    By:
      /s/
      Thomas E. Bernhardt

    Name:
      Thomas E. Bernhardt

    Title:
      Vice President

    

    HARRIS
      TRUST
      AND SAVINGS BANK

    By:
      /s/
      Michael S. Cameli

    Name:
      Michael S. Cameli

    Title:
      Vice President

    

    U.S.
      BANK NATIONAL ASSOCIATION

    By:
      /s/
      Jason R. Hall

    Name:
      Jason R. Hall

    Title:
      Assistant Vice President

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    GUARANTOR
      ACKNOWLEDGEMENT

    

    Each
      of
      the undersigned Guarantors hereby acknowledges and consents to the Borrower’s
      execution of this Amendment.

    

    

    CITIZENS
      FINANCE CO.    ULTEA,
      INC.

    By:
      /s/
      John K. Schmidt    By:
      /s/
      John K. Schmidt

    Title:
      Treasurer     Title:
      Treasurer

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    CERTIFICATE

    

     

    The
      undersigned as Executive Vice President, Chief Financial Officer and Chief
      Operating Officer of Heartland Financial USA, Inc., hereby certifies as
      follows:

     

    1.  No
      Default, as defined in the Credit Agreement among Heartland Financial
      USA,
      Inc.
      (the "Borrower"), certain banks and The Northern Trust Company as agent, as
      amended ("Credit Agreement") has occurred and is continuing.

    

    2.  The
      representations and warranties of the Borrower in Section 6 of the Credit
      Agreement and in Section 7 of the Fourth Amendment and Waiver to Credit
      Agreement dated as of March 1, 2005, are true and correct on and as of the
      date
      hereof.

     

    IN
      WITNESS WHEREOF, the undersigned has executed this Certificate as of March
      1,
      2005.

    

    

    

    HEARTLAND
      FINANCIAL USA, INC.

    By:
      /s/
      John K. Schmidt

    Name:
      John K. Schmidt

    Title:
      EVP, CFO, COO

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