Document:

Exhibit 10.2

 

Exhibit 10.2

February 14, 2005

Mr. Jeffrey Mattern

Treasurer

NACCO Materials Handling Group, Inc.

650 Northeast Holladay Street, Suite 1600

Portland, OR 97232

		
	RE: 	(i) Restated and Amended Joint Venture and Shareholders Agreement dated April 15, 1998 as amended from time to time (the “JV Agreement”);

(ii) International Operating Agreement dated April 15, 1998 as amended from time to time (the “Operating Agreement”);

(iii) Recourse and Indemnity Agreement dated October 21, 1998 as amended from time to time (the “R&I Agreement”)

Dear Jeff:

NACCO Materials Handling Group, Inc. (“NMHG”) and General Electric Capital Corporation (“GE
Capital”) and all of their respective affiliates and subsidiaries which may be parties to any of
the above-referenced agreements (collectively the “Agreements”) hereby agree that the “Base Term”
(as that term is described in each of the respective Agreements) shall be extended and shall now
expire on April 1, 2005 (“New Base Expiration Date”) and all of the duties and obligations of the
parties under the Agreements shall continue unmodified and in full force and effect until such
date. Accordingly, in conjunction with the extension of the Base Term to the New Base Expiration
Date, the obligations of NMHG arising under (i) the Recourse for Wholesale Accounts set forth in
Section 3.7 of the Operating Agreement; and (ii) the R& I Agreement, shall continue unmodified and
in full force and effect through the New Base Expiration Date.

By their respective signatures below, NMHG and GE Capital each hereby agree to all of the
extensions noted above.

	 	 	 
	GENERAL ELECTRIC CAPITAL CORPORATION

	 
	 	 
	 
	 	 
	By:

	 	/s/ Edward J. Simoneau
	

	 	 
	Edward J. Simoneau

	Vice President and General Manager — Dealer Financial Services

	 
	 	 
	 
	 	 
	NACCO MATERIALS HANDLING GROUP, INC.

	 
	 	 
	 
	 	 
	By:

	 	/s/ Jeffrey C. Mattern
	

	 	 
	Jeffrey C. Mattern

	TreasurerExhibit 10.1

 

Exhibit 10.1

December 15, 2004

Mr. Jeffrey Mattern

Treasurer

NACCO Materials Handling Group, Inc.

650 Northeast Holladay Street, Suite 1600

Portland, OR 97232

		
	RE: 	(i) Restated and Amended Joint Venture and Shareholders Agreement dated April15, 1998 as

amended from time to time (the “JV Agreement”);

(ii) International Operating Agreement dated April 15, 1998 as amended from time to time

(the “Operating Agreement”);

(iii) Recourse and Indemnity Agreement dated October 21, 1998 as amended from time to time

(the “R&I Agreement”)

Dear Jeff:

NACCO Materials Handling Group, Inc. (“NMHG”) and General Electric Capital Corporation (“GE
Capital”) and all of their respective affiliates and subsidiaries which may be parties to any of
the above-referenced agreements (collectively the “Agreements”) hereby agree that the “Base Term”
(as that term is described in each of the respective Agreements) shall be extended and shall now
expire on February 15, 2005 (“New Base Expiration Date”) and all of the duties and obligations of
the parties under the Agreements shall continue unmodified and in full force and effect until such
date. Accordingly, in conjunction with the extension of the Base Term to the New Base Expiration
Date, the obligations of NMHG arising under (i) the Recourse for Wholesale Accounts set forth in
Section 3.7 of the Operating Agreement; and (ii) the R& I Agreement, shall continue unmodified and
in full force and effect through the New Base Expiration Date.

By their respective signatures below, NMHG and GE Capital each hereby agree to all of the
extensions noted above.

GENERAL ELECTRIC CAPITAL CORPORATION

	 	 	 
	By:

	 	/s/ Edward J. Simoneau
	

	 	 
	Edward J. Simoneau

	Vice President and General Manager – Dealer Financial Services

NACCO MATERIALS HANDLING GROUP, INC.

	 	 	 
	By:

	 	/s/ Jeffrey C. Mattern
	

	 	 
	Jeffrey C. Mattern

	TreasurerExhibit 10.2

 

Exhibit 10.2

February 14, 2005

Mr. Jeffrey Mattern

Treasurer

NACCO Materials Handling Group, Inc.

650 Northeast Holladay Street, Suite 1600

Portland, OR 97232

		
	RE: 	(i) Restated and Amended Joint Venture and Shareholders Agreement dated April15, 1998 as

amended from time to time (the “JV Agreement”);

(ii) International Operating Agreement dated April 15, 1998 as amended from time to time

(the “Operating Agreement”);

(iii) Recourse and Indemnity Agreement dated October 21, 1998 as amended from time to time

(the “R&I Agreement”)

Dear Jeff:

NACCO Materials Handling Group, Inc. (“NMHG”) and General Electric Capital Corporation (“GE
Capital”) and all of their respective affiliates and subsidiaries which may be parties to any of
the above-referenced agreements (collectively the “Agreements”) hereby agree that the “Base Term”
(as that term is described in each of the respective Agreements) shall be extended and shall now
expire on April 1, 2005 (“New Base Expiration Date”) and all of the duties and obligations of the
parties under the Agreements shall continue unmodified and in full force and effect until such
date. Accordingly, in conjunction with the extension of the Base Term to the New Base Expiration
Date, the obligations of NMHG arising under (i) the Recourse for Wholesale Accounts set forth in
Section 3.7 of the Operating Agreement; and (ii) the R& I Agreement, shall continue unmodified and
in full force and effect through the New Base Expiration Date.

By their respective signatures below, NMHG and GE Capital each hereby agree to all of the
extensions noted above.

GENERAL ELECTRIC CAPITAL CORPORATION

	 	 	 
	By:

	 	/s/ Edward J. Simoneau
	

	 	 
	Edward J. Simoneau

	Vice President and General Manager – Dealer Financial Services

NACCO MATERIALS HANDLING GROUP, INC.

	 	 	 
	By:

	 	/s/ Jeffrey C. Mattern
	

	 	 
	Jeffrey C. Mattern

	TreasurerEX-10.1  INDEMNIFICATION AGREEMENT

 

EXHIBIT 10.1

INDEMNIFICATION AGREEMENT

     THIS INDEMNIFICATION
AGREEMENT (the “Agreement”) is effective as of __________________,
20___between
______________________________(the “Indemnitee”) and Health Care REIT, Inc., a Delaware corporation (the
“Company”).

     WHEREAS, it is essential to the Company to retain and attract as directors, executive officers
and officers the most capable persons available;

     WHEREAS, Indemnitee is a director, executive officer or officer of the Company;

     WHEREAS, both the Company and Indemnitee recognize the increased risk of litigation and other
claims being asserted against directors, executive officers and officers of public companies in
today’s environment;

     WHEREAS, the By-Laws of the Company obligate the Company to indemnify and advance expenses to
its directors, executive officers and officers to the extent permitted by law and Indemnitee has
been serving and continues to serve as a director, executive officer or officer of the Company in
part in reliance on such By-Laws; and

     WHEREAS, in recognition of (i) Indemnitee’s need for substantial protection against personal
liability in order to enhance Indemnitee’s continued service to the Company in an effective manner,
(ii) Indemnitee’s reliance on the aforesaid By-Laws, and (iii) Indemnitee’s desire for specific
contractual assurance that the protection promised by such By-Laws will be available to Indemnitee
(regardless of, among other things, any amendment to or revocation of such By-Laws or any change in
the composition of the Company’s Board of Directors or acquisition transaction relating to the
Company), the Company wishes to provide in this Agreement for the indemnification of, and the
advancement of expenses to, Indemnitee to the full extent (whether partial or complete) permitted
by law and as set forth in this Agreement, and, to the extent insurance is maintained, for the
continued coverage of Indemnitee under the Company’s directors’ and officers’ liability insurance
policies.

     NOW, THEREFORE, in consideration of the premises and of Indemnitee continuing to serve the
Company directly or, at its request, with another enterprise, and intending to be legally bound
hereby, the parties hereto agree as follows:

     1. Certain Definitions:

          (a) Change in Control: shall include any of the events defined as a “Change in Corporate
Control” in the employment agreement between the Company and the Indemnitee, if any, as such
agreement may be amended from time to time. If the Indemnitee does not have an employment
agreement with the Company, “Change in Control” shall include any of the following events: (i) the
acquisition in one or more transactions of more than twenty percent (20%) of the Company’s
outstanding common stock (or the equivalent in voting power of any class or classes of securities
of the Company entitled to vote in elections of directors) by any corporation, or other person or
group (within the meaning of Section 14(d)(3) of the Securities Exchange Act of 1934, as

 

 

amended), (ii) any transfer or sale of substantially all of the assets of the Company, or any
merger or consolidation of the Company into or with another corporation in which the Company is not
the surviving entity, or any merger or consolidation of the Company into or with another
corporation in which the Company is the surviving entity and, in connection with such merger or
consolidation, all or part of the outstanding shares of common stock shall be changed into or
exchanged for other stock or securities of the Company or any other person, or cash, or any other
property, (iii) any election of persons to the Board of Directors which causes a majority of the
Board of Directors to consist of persons other than “Continuing Directors.” For this purpose,
those persons who were members of the Board of Directors on May 6, 2004, shall be “Continuing
Directors.” Any person who is nominated for election as a member of the Board after May 6, 2004,
shall also be considered a “Continuing Director” for this purpose if, and only if, his or her
nomination for election to the Board of Directors is approved or recommended by a majority of the
members of the Board (or of the relevant Nominating Committee) and at least five (5) members of the
Board are themselves Continuing Directors at the time of such nomination, or (iv) any person, or
group of persons, announces a tender offer for at least twenty percent (20%) of the Company’s
common stock.

          (b) Claim: any threatened, pending or completed action, suit or proceeding, or any inquiry or
investigation, whether conducted by the Company or any other party, that Indemnitee in good faith
believes might lead to the institution of any such action, suit or proceeding, whether civil,
criminal, administrative, investigative or other.

          (c) Expenses: include attorneys’ fees and all other costs, expenses and obligations paid or
incurred in connection with investigating, defending, being a witness in or participating in
(including on appeal), or preparing to defend, be a witness in or participate in any Claim relating
to any Indemnifiable Event.

          (d) Indemnifiable Event: any event or occurrence related to the fact that Indemnitee is or was
a director, executive officer, officer, employee, agent or fiduciary of the Company, or is or was
serving at the request of the Company as a director, executive officer, officer, employee, trustee,
agent or fiduciary of another corporation, partnership, joint venture, employee benefit plan, trust
or other enterprise, or by reason of anything done or not done by Indemnitee in any such capacity.

          (e) Reviewing Party: any appropriate person or body consisting of a member or members of the
Company’s Board of Directors who are not parties to the action, suit or proceeding with respect to
which Indemnitee is seeking indemnification or any other person or body appointed by such directors
in accordance with requirements under the Delaware General Corporation Law for purposes of making
indemnification determinations hereunder (including the special, independent counsel referred to in
Section 3). In the event of a Change in Control, the Reviewing Party shall be the special,
independent counsel referred to in Section 3 hereof.

     2. Basic Indemnification Arrangement:

          (a) In the event Indemnitee was, is or becomes a party to or witness or other participant in,
or is threatened to be made a party to or witness or other participant in, a Claim by reason of (or
arising in part out of) an Indemnifiable Event, the Company shall indemnify Indemnitee to the full
extent permitted by law as soon as practicable but in any event no later

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than thirty days after written demand is presented to the Company, against any and all Expenses,
judgments, fines, penalties and amounts paid in settlement (including all interest, assessments and
other charges paid or payable in connection with or in respect of such Expenses, judgments, fines,
penalties or amounts paid in settlement) of such Claim. Notwithstanding anything in this Agreement
to the contrary, Indemnitee shall not be entitled to indemnification pursuant to this Agreement in
connection with any Claim (or part thereof) initiated by Indemnitee unless such Claim (or part
thereof) was authorized or consented to by the Board of Directors of the Company. If so requested
by Indemnitee, the Company shall advance (within two business days of such request) any and all
Expenses of Indemnitee with respect to the defense or investigation of any pending, threatened, or
potential Claim against Indemnitee (an “Expense Advance”).

          (b) Notwithstanding the foregoing, (i) the indemnification obligations of the Company under
Section 2(a) shall be subject to the condition that the Reviewing Party must first have determined
(in a written opinion, in any case in which the special, independent counsel referred to in Section
3 hereof is involved) that Indemnitee is permitted in the specific situation to be indemnified
under applicable law, and (ii) the obligation of the Company to make an Expense Advance pursuant to
Section 2(a) shall be subject to the condition that, if, when and to the extent that the Reviewing
Party determines that Indemnitee would not be permitted to be so indemnified under applicable law,
the Company shall be entitled to be reimbursed by Indemnitee (who hereby agrees to reimburse the
Company) for all such amounts theretofore paid; provided, however, that if Indemnitee has commenced
legal proceedings in a court of competent jurisdiction in the State of Delaware to secure a
determination that Indemnitee should be indemnified under applicable law, any determination made by
the Reviewing Party that Indemnitee would not be permitted to be indemnified under applicable law
shall not be binding and Indemnitee shall not be required to reimburse the Company for any Expense
Advance until a final judicial determination is made with respect thereto (as to which all rights
of appeal therefrom have been exhausted or lapsed). In connection with any determination by the
Reviewing Party or otherwise as to whether Indemnitee is entitled to be indemnified hereunder, the
burden of proof shall be on the Company to establish that Indemnitee is not so entitled. If there
has been no determination by the Reviewing Party or if the Reviewing Party determines that
Indemnitee substantively would not be permitted to be indemnified in whole or in part under
applicable law, Indemnitee shall have the right to commence litigation in any court in the Court of
Chancery of the State of Delaware or in any other court in the State of Delaware having subject
matter jurisdiction thereof and in which venue is proper seeking an initial determination by the
court or challenging any such determination by the Reviewing Party or any aspect thereof, and the
Company hereby consents to service of process and to appear in any such proceeding. Any
determination by the Reviewing Party otherwise shall be conclusive and binding on the Company and
Indemnitee.

     3. Change in Control. The Company agrees that if there is a Change in Control of the Company
(other than a Change in Control that has been approved by a majority of the Company’s Board of
Directors who were directors immediately prior to such Change in Control) then with respect to all
matters thereafter arising concerning the rights of Indemnitee to indemnity payments and Expense
Advances under this Agreement or any other agreement or Company By-Law now or hereafter in effect
relating to Claims for Indemnifiable Events, the Company shall seek legal advice only from special,
independent counsel selected by Indemnitee

3

 

and approved by the Company (which approval shall not be unreasonably withheld), and who has not
otherwise performed services for the Company within the last five years (other than in connection
with such matters) or for Indemnitee. Such counsel, among other things, shall render its written
opinion to the Company and Indemnitee as to whether and to what extent Indemnitee would be
permitted to be indemnified under applicable law. The Company agrees to pay the reasonable fees of
the special, independent counsel referred to above and to fully indemnify such counsel against any
and all expenses (including attorneys’ fees), claims, liabilities and damages arising out of or
relating to this Agreement or its engagement pursuant hereto.

     4. Indemnification for Additional Expenses. The Company shall indemnify Indemnitee against any
and all expenses (including attorneys’ fees) and, if requested by Indemnitee, shall (within two
business days of such request) advance such expenses to Indemnitee, that are incurred by Indemnitee
in connection with any claim asserted against or action brought by Indemnitee for (i)
indemnification or advance payment of Expenses by the Company under this Agreement or any other
agreement or Company By-Law now or hereafter in effect relating to Claims for Indemnifiable Events
and/or (ii) recovery under any directors’ and officers’ liability insurance policies maintained by
the Company, regardless of whether Indemnitee ultimately is determined to be entitled to such
indemnification, advance expense payment or insurance recovery, as the case may be.

     5. Partial Indemnity, Etc. If Indemnitee is entitled under any provision of this Agreement to
indemnification by the Company for some or a portion of the Expenses, judgments, fines, penalties
and amounts paid in settlement of a Claim but not, however, for all of the total amount thereof,
the Company shall nevertheless indemnify Indemnitee for the portion thereof to which Indemnitee is
entitled. Moreover, notwithstanding any other provision of this Agreement, to the extent that
Indemnitee has been successful on the merits or otherwise in defense of any or all Claims relating
in whole or in part to an Indemnifiable Event or in defense of any issue or matter therein,
including dismissal without prejudice, Indemnitee shall be indemnified against all Expenses
incurred in connection therewith.

     6. No Presumption. For purposes of this Agreement, the termination of any claim, action, suit
or proceeding, by judgment, order, settlement (whether with or without court approval) or
conviction, or upon a plea of nolo contendere, or its equivalent, shall not create a presumption
that Indemnitee did not meet any particular standard of conduct or have any particular belief or
that a court has determined that indemnification is not permitted by applicable law.

     7. Non-exclusivity, Etc. The rights of the Indemnitee hereunder shall be in addition to any
other rights Indemnitee may have under the Company’s By-Laws or the Delaware General Corporation
Law or otherwise. To the extent that a change in the Delaware General Corporation Law (whether by
statute or judicial decision) permits greater rights by agreement to indemnification and
advancement of expenses than would be afforded currently under the Company’s By-Laws and this
Agreement, it is the intent of the parties hereto that Indemnitee shall enjoy by this Agreement the
greater benefits so afforded by such change.

     8. Liability Insurance. To the extent the Company maintains an insurance policy or policies
providing directors’ and officers’ liability insurance, Indemnitee shall be covered by

4

 

such policy or policies, in accordance with their terms, to the maximum extent of the coverage
provided thereunder for any Company director, executive officer or officer. The availability of
such insurance coverage, however, shall not exclude indemnification hereunder.

     9. Amendments, Etc. No supplement, modification or amendment of this Agreement shall be
binding unless executed in writing by both of the parties hereto. No waiver of any of the
provisions of this Agreement shall be deemed or shall constitute a waiver of any other provisions
hereof (whether or not similar) nor shall such waiver constitute a continuing waiver.

     10. Subrogation. In the event of payment under this Agreement, the Company shall be subrogated
to the extent of such payment to all of the rights of recovery of Indemnitee, who shall execute all
papers required and shall do everything that may be necessary to secure such rights, including the
execution of such documents necessary to enable the Company effectively to bring suit to enforce
such rights.

     11. No Duplication of Payments. The Company shall not be liable under this Agreement to make
any payment in connection with any Claim to the extent Indemnitee has otherwise actually received
payment (under any insurance policy, By-Law or otherwise) of the amounts otherwise indemnifiable
hereunder.

     12. Binding Effect, Etc. This Agreement shall be binding upon and inure to the benefit of and
be enforceable by the parties hereto and their respective successors, assigns, including any direct
or indirect successor by purchase, merger, consolidation or otherwise to all or substantially all
of the business and/or assets of the Company, spouses, heirs, and personal and legal
representatives. This Agreement shall continue in effect regardless of whether Indemnitee continues
to serve as a director, executive officer or officer of the Company or of any other enterprise at
the Company’s request.

     13. Severability. The provisions of this Agreement shall be severable in the event that any of
the provisions hereof (including any provision within a single section, paragraph or sentence) are
held by a court of competent jurisdiction to be invalid, void or otherwise unenforceable, and the
remaining provisions shall remain enforceable to the extent permitted by law.

     14. Superseding Effect. This Agreement replaces and supersedes all prior indemnification
agreements, if any, between the Company and the Indemnitee; provided, however, that this Agreement
shall not limit any other rights Indemnitee may have to indemnification and advancement of expenses
under the Company’s By-Laws, any insurance policy or policies or the Delaware General Corporation
Law.

     15. Governing Law. This Agreement shall be governed by and construed and enforced in
accordance with the laws of the State of Delaware applicable to contracts made and to be performed
in such state without giving effect to the principles of conflicts of laws.

5

 

     Executed this
___day of
__________________, 20___.

	 	 	 	 	 
	 	 	HEALTH CARE REIT, INC.
	 
	 	 	 	 
	

	 	By	 	 
	 

	 	 	 	 
	(Indemnitee name)

	 	Its	 	 
	

	 	 	 	 

6

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