Document:

exhibit10_7.htm

    SECOND
AMENDMENT TO

    EMPLOYMENT
AGREEMENT OF

    R.
SCOTT TRUMBULL

    

    This
Second Amendment to the Employment Agreement is made and entered into on March
2, 2010, by and between Franklin Electric Co., Inc., an Indiana corporation
(“Franklin”), and R. Scott Trumbull (“Executive”).

     

    WHEREAS, Franklin and
Executive are parties to an Employment Agreement dated as of December 3, 2002
and amended as of February 18, 2009 (the “Agreement”), and they now desire to
further amend the Agreement.

     

    NOW, THEREFORE, in
consideration of the mutual covenants and promises contained herein, and other
good and valuable consideration, the receipt and sufficiency of which is hereby
acknowledged, the parties agree to amend the Agreement as follows, effective as
of January 1, 2010:

     

    
      	
              1.  

            	
              By
      amending subparagraph  7(b)(A) to read as
    follows:

            

    

     

    (b) If at any
time other than as specified in subparagraph (c) of this paragraph 7, (i)
Franklin shall terminate Executive's employment without Good Cause, or (ii)
Executive shall voluntarily terminate such employment with Good
Reason:

     

    (A) Franklin
shall pay Executive the following amounts:  (1) in accordance with
normal payroll practices, the Salary earned by Executive pursuant to
subparagraph 4(a) but not yet paid as of the date of Executive's termination of
employment, and any bonus earned by Executive pursuant to subparagraph 4(b) for
the year prior to the year in which Executive's termination occurs but not yet
paid as of such date, (2) a lump sum cash payment equal to not less than a
prorata portion of the bonus (based on the date on which such termination
occurs) that would be paid to Executive pursuant to subparagraph 4(b) for the
year in which Executive's termination occurs had he remained employed by
Franklin through the last day of such year, paid at the same time bonuses for
such year are paid by Franklin to other executives, and (3) a lump sum cash
payment, within 30 days of such termination, equal to the sum of (a) one and
one-half times the bonus paid or payable to Executive pursuant to subparagraph
4(b) for the year prior to the year of termination, and (b) one and one-half
times Executive's then current Salary.

     

    IN WITNESS WHEREOF, the
parties have executed this Second Amendment to the Agreement on the 2nd day of
March, 2010.

    

    

    FRANKLIN
ELECTRIC CO., INC.

    

    By:           /s/ John
Haines            

    Its:           Vice President, Chief Financial Officer, and
Secretary                                                      

     

                   
R. SCOTT TRUMBULL

    

                                    
/s/ R. Scott
Trumbullex10-12.htm

    Exhibit
10.12

    

    

    AMENDMENT
TO

     

    FIRST
MID-ILLINOIS BANCSHARES, INC.

     

    2007 STOCK INCENTIVE
PLAN

     

    March
3, 2010

     

    WHEREAS,
First Mid-Illinois Bancshares, Inc. (the “Company”) adopted the First
Mid-Illinois Bancshares, Inc. 2007 Stock Incentive Plan (the “Plan”) as of
February 27, 2007, subject to approval by Company stockholders at the Company’s
annual meeting of stockholders held on May 23, 2007.

     

    WHEREAS,
pursuant to Section
15(a) of the Plan, the Board of Directors deems it advisable and in the
best interest of the Company to amend the Plan as set forth herein.

     

    NOW,
THEREFORE, the Plan is hereby amended as set forth below.  Capitalized
terms used but not defined in this Plan have the respective meanings assigned to
them in the Plan.

     

    
      	
              1.  

            	
              Amendment

            

    

     

    Section 2(a) of the
Plan is hereby amended and restated in its entirety to read as
follows:

     

    2.           Administration of the
Plan

     

    (a) The
Committee.  The Plan shall be administered by a Committee
consisting of the entire Board, or if the Board so delegates, by a sub-committee
of the Board which shall be comprised of two or more directors who are “outside
directors” (within the meaning of Code Section 162(m)) and “non-employee
directors” (within the meaning of Rule 16b-3 under the Exchange
Act).  The Committee shall have sole authority to:

     

    (i) select
the directors, employees, consultants and advisors to whom the Awards shall be
granted under the Plan;

     

    (ii) establish
the timing, amount and conditions of each such Award and other limitations,
restrictions, terms and conditions applicable to each such Award;

     

    (iii) prescribe
any legend to be affixed to certificates representing such Awards;

     

    (iv) interpret
the Plan; and

     

    (v) adopt
such rules, regulations, forms and agreements, not inconsistent with the
provisions of the Plan, as it may deem advisable to carry out the Plan.

     

    All
decisions made by the Committee in administering the Plan shall be
final.  No member of the Board or the Committee shall be liable for
any action taken or determination made hereunder in good faith.”

     

    2.           Interpretation

     

    Upon adoption hereof, each reference in
the Plan to “this Plan,” “hereby,” “hereunder,” “herein,” “hereof” or words of
like import referring to the Plan shall mean and refer to the Plan as amended by
this amendment.  Any and all notices, requests, certificates and other
instruments executed and delivered prior to, on or after the date of this
amendment may refer to the Plan without making specific reference to this
amendment, but nevertheless all references to the Plan shall be a reference to
such document as amended hereby.Twelfth Amendment - Sienna Bay

Exhibit 10.97

 

TWELFTH AMENDMENT TO PURCHASE AND SALE CONTRACT
 FOR
SIENNA BAY

 

           
This Twelfth Amendment to Purchase and Sale Contract (this
“Amendment”) is made as of February 23, 2010 between CCIP/3 SANDPIPER,
LLC, a Delaware limited liability company ("Seller") and DT SIENNA
BAY, LLC, a Delaware limited liability company (“Purchaser”).

W I T N E S S E T H:

           
WHEREAS, Seller and DT Group Development, Inc (“Contract Vendee”)
entered into that certain Purchase and Sale Contract, dated as of August 14,
2009, as amended by (i) First Amendment to Purchase and Sale Contract for Sienna
Bay dated as of October 8, 2009 between Seller and Contract Vendee, (ii) Second
Amendment to Purchase and Sale Contract for Sienna Bay dated as of November 10,
2009 between Seller and Contract Vendee, (iii) Third Amendment to Purchase and
Sale Contract for Sienna Bay dated as of November 12, 2009 between Seller and
Contract Vendee, (iv) Fourth Amendment to Purchase and Sale Contract for Sienna
Bay dated as of November 25, 2009 between Seller and Contract Vendee, (v) Fifth
Amendment to Purchase and Sale Contract for Sienna Bay dated as of December 11,
2009 between Seller and Contract Vendee, (vi) Sixth Amendment to Purchase and
Sale Contract for Sienna Bay dated as of December 28, 2009 between Seller and
Contract Vendee, (vii) Seventh Amendment to Purchase and Sale Contract for
Sienna Bay dated as of January 8, 2010 between Seller and Contract Vendee,
(viii) Eighth Amendment to Purchase and Sale Contract for Sienna Bay dated as of
January 12, 2010 between Seller and Contract Vendee, (ix) Ninth Amendment to
Purchase and Sale Contract for Sienna Bay dated as of January 19, 2010 between
Seller and Contract Vendee, (x) Tenth Amendment to Purchase and Sale Contract
for Sienna Bay dated as of January 28, 2010 between Seller and Contract Vendee,
(xi) Eleventh Amendment to Purchase and Sale Contract for Sienna Bay dated as of
February 16, 2010 between Seller and Contract Vendee, (xii) Assignment and
Assumption of Purchase Agreement between Contract Vendee and Purchaser
(collectively, the “Contract”), with respect to the sale of that certain
property known as Sienna Bay, having an address at 10501 3rd Street North, St. Petersburg, FL 33716, and as
more particularly described in the Contract; and

           
WHEREAS, Seller and Purchaser desire to amend certain provisions of the
Contract as hereinafter set forth.

           
NOW, THEREFORE, in consideration of the mutual covenants herein
contained, the sum of $10.00 and other good and valuable consideration, the
mutual receipt and legal sufficiency of which are hereby acknowledged, the
parties hereby agree as follows:

1.     
Capitalized Terms.     Capitalized terms used
in this Amendment shall have the meanings given to them in the Contract, except
as expressly otherwise defined herein.

2.     
Modifications to AIMCO Loan Documents.  

           
(a)        The following section is added as
Section 18(e) of the AIMCO Loan Security Instrument:

“(e)     
Senior Lender shall obtain a Phase I environmental report of the Mortgaged
Property no later than thirty (30) days after the one (1) year anniversary of
the date hereof (“Required Phase I”).  Senior Lender has escrowed
funds for payment of costs in connection with the Required Phase I.  The
Required Phase I will be delivered to Borrower and Lender for their
review.  If the Required Phase I reveals that any Remedial Work is
necessary, then Borrower, at its sole cost and expense, shall perform the
Remedial Work.  If any additional sums are necessary to cover the cost of
the Required Phase I, then Borrower shall pay such sums to Senior Lender upon
request.” 

           
(b)        Section 18(j) of the AIMCO Loan
Security Instrument is hereby revised to read: 

“Borrower
shall indemnify, hold harmless and defend (i) Lender and/or AIMCO
Properties, L.P., (ii) any prior owner or holder of the Note,
(iii) the officers, directors, shareholders, partners, employees and
trustees of any of the foregoing, and (iv) the heirs, legal
representatives, successors and assigns of each of the foregoing (collectively,
the “Indemnitees”) from and against all proceedings, claims,
damages, penalties and costs (whether initiated or sought by Governmental
Authorities, private parties or the Senior Lender), including reasonable
Attorneys’ Fees and Costs and remediation costs, whether incurred in connection
with any judicial or administrative process or otherwise, arising directly or
indirectly from any of the following:”

           
(c)        The following sentence is added at
the end of Section 6 of the environmental indemnity agreement being executed in
connection with the making of the AIMCO Loan.

“Notwithstanding
the foregoing, as set forth in Section 18(e) of the Mortgage, Senior Lender
shall obtain a Phase I environmental report of the Premises no later than thirty
(30) days after the one (1) year anniversary of the date hereof (“Required
Phase I”).  If the Required Phase I reveals that any Remedial Work is
necessary, then Indemnitor, at its sole cost and expense, shall perform the
Remedial Work.  If any additional sums are necessary to cover the cost of
the Required Phase I, then Indemnitor shall pay such sums to Senior Lender upon
request”

           
(d)        AIMCO Properties, L.P. is hereby
added an Indemnified Party, as such term is defined in the environmental
indemnity agreement being executed in connection with the making of the AIMCO
Loan.

3.     
Adjournment of the Closing Date.    The Closing
Date is hereby adjourned to March 5, 2010.  TIME IS OF THE ESSENCE with
respect to Purchaser’s and Seller’s obligations to close the transactions contemplated by the Contract (as amended by
this Amendment) on such date.

4.     
Automatic Termination of Contract. Section 3(b) of the Eleventh
Amendment to Purchase and Sale Contract for Sienna Bay, dated as of February 16,
2010, is hereby deleted and replaced with the following:

                       
(b)        If Purchaser defaults in its
obligation to close on the purchase of the Property pursuant to the terms of the
Contract (as amended by this Amendment) on or prior to 5:00 p.m. on March 5,
2010 (time being of the essence), then such failure to timely close shall
constitute an immediate default under the Contract (as amended by this
Amendment), the Contract (as amended by this Amendment) shall immediately
terminate, Seller shall retain the full Deposit (i.e., $2,500,000) then held by
Seller, and neither party shall have any further rights or obligations under the
Contract (as amended by this Amendment) , except for those provisions that
expressly survive a termination of the Contract.

5.     
Waiver.          
Purchaser hereby waives and releases any and all (i) claims that Purchaser may
have against Seller as of the date hereof with respect to the Contract (as
amended by this Amendment), and (ii) defenses that Purchaser may have as of the
date hereof against Seller with respect to Seller’s enforcement of the terms of
the Contract (as amended by this Amendment).  Purchaser represents that (x)
to the best of its acknowledge, as of the date hereof Seller is not in default
of any of the terms and provisions of the Contract and (y) Seller has, at all
times, acted in good faith with respect to the Contract (as amended by this
Amendment) and all negotiations with respect thereto and has cooperated fully
with all requests of Purchaser with respect to the Property and the terms of the
Contract (as amended by this Amendment).  

6.     
Miscellaneous.          
This Amendment (a)  supersedes all prior oral or written communications
and agreement between or among the parties with respect to the subject matter
hereof, and (b) may be executed in counterparts, each of which shall be
deemed an original and all of which, when taken together, shall constitute a
single instrument and may be delivered by facsimile transmission, and any such
facsimile transmitted Amendment shall have the same force and effect, and be as
binding, as if original signatures had been delivered.  As modified hereby,
all the terms of the Contract are hereby ratified and confirmed and shall
continue in full force and effect.

           
IN WITNESS WHEREOF, the parties hereto have executed this Amendment as of
the date and year hereinabove written.

 

Seller:

 

CCIP/3
SANDPIPER, LLC, a Delaware limited liability company

 

By:
   CONSOLIDATED CAPITAL INSTITUTIONAL PROPERTIES/3, LP, a Delaware
limited partnership, its member

 

By:   
CONCAP EQUITIES, INC., a Delaware corporation, its general partner 

 

 

By: 
/s/John Spiegleman

Name: 
John Spiegleman

Title:
 Senior Vice President

 

Purchaser:

DT
SIENNA BAY, LLC, a Delaware limited liability company

 

By:
DT Florida Income, LP, a Delaware limited partnership, its sole Member

 

By:
DT Florida Income Management, LLC, a Delaware limited liability company, its
General Partner

 

By:
DT Group Development, Inc., a California corporation, its sole Member

 

/s/Daniel
R. Markel

By:
Daniel R. Markel

Its:
CEO and President

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