Document:

atax-ex1055_199.htm

 

Exhibit 10.55

AMERICA FIRST MULTIFAMILY INVESTORS, L.P.

(A Delaware Limited Partnership)

Series A Preferred Units of Limited Partnership Interest

SUBSCRIPTION AGREEMENT FOR

ADDITIONAL SUBSCRIPTIONS BY EXISTING SERIES A PREFERRED UNITHOLDERS

 

Subscription Date:October 25 2017

Cash Subscription Amount: $7,500,000

	
To: 
	
America First Multifamily Investors, L.P. 

	

	
c/o Burlington Capital, LLC 

	

	
1004 Farnam Street, Suite 400

Omaha, Nebraska 68102

Attention: Craig S. Allen, Chief Financial Officer

In consideration of the premises set forth herein, and for other good and valuable consideration the receipt of which is hereby acknowledged, the parties hereto agree as follows:

1.The undersigned subscriber (the "Subscriber"), an existing holder of Series A Preferred Units of Limited Partnership Interests (the "Series A Preferred Units") of AMERICA FIRST MULTIFAMILY INVESTORS, L.P., a Delaware limited partnership (the "Partnership"), does hereby subscribe for and agrees to purchase additional Series A Preferred Units of the Partnership in the amount set forth above, such subscription to be effective as of the Subscription Date set forth above.

2.The Subscriber agrees and acknowledges that in connection with the Subscriber's original investment in the Partnership, the Subscriber tendered subscription documents consisting of a Subscription Agreement, Confidential Subscriber Questionnaire, and Counterpart Signature Page to Partnership's Amended and Restated Agreement of Limited Partnership, as amended (collectively, the "Subscription Documents").

3.The Subscriber reaffirms all of the representations, warranties, covenants, and agreements on the part of the Subscriber which were set forth in the Subscription Documents (which are incorporated herein by reference), except for the subscription amount and subscription date, with the same force and effect as if set forth in full herein on the date hereof. The Subscriber also confirms to Burlington Capital, LLC, as the general partner of America First Capital Associates Limited Partnership Two, the general partner of the Partnership (the "General Partner"), and the Partnership that all of the information contained in the Confidential Subscriber Questionnaire, which is part of the Subscription Documents, is true and correct as of the date hereof and that the effect of the execution of this instrument by the Subscriber is the same as the re-execution of all of the Subscription Documents on the date hereof except as above provided.

4.The Subscriber hereby agrees to submit a wire transfer for the credit of the Partnership in the amount of the Subscriber's additional subscription amount, as set forth above, and agrees that such wire, and this Subscription Agreement, are being delivered subject to the General Partner's acceptance of the additional subscription contained herein and subject further to the terms and conditions of the Amended and

S-1

 

Restated Agreement of Limited Partnership of the Partnership, as amended, the Memorandum, as amended

and /or supplemented from time to time, this Subscription Agreement for Additional Subscriptions by Existing Series A Preferred Unitholders, and the Subscription Documents.

5.All capitalized terms not otherwise defined herein shall have the meanings set forth in the Subscription Documents.

IN WITNESS WHEREOF, the parties have signed this Subscription Agreement for Additional Subscriptions by Existing Series A Preferred Unitholders as of the dates set forth opposite their names below. 

 

		
	
Rabobank, N.A.
	
 

	
Name of Subscriber (please print)
	
 

	
 
	
 

	
618 W. Main St, Visalia CA 93291
	
 

	
Name and Address of Financial Institution Wiring/Paying Subscription Monies
	
 

	
 
	
 

	
/s/ Debi Engelbrecht
	
 

	
Debi Engelbrecht, Vice President
	
 

 

Name, Signature and Title of Authorized Person of Subscriber*

 

		
	
October 25, 2017
	
 

	
Date
	
 

 

*By signing above the Subscriber certifies that the Subscriber has read this Subscription Agreement and agrees to be bound by its terms.

SELECTION OF DESIGNATED TARGET REGION:

The Subscriber indicated above hereby selects the following as the Designated Target Region for the Subscriber's additional investment:

The Subscriber may request an allocation of capital to specific investments already within the portfolio. Such requests to be allocated as according to the "CRA Credit Allocation Methodology" set forth in the Memorandum and subject to confirmation by the General Partner.

 

	
Property Name
	
Street Address
	
County
	
Allocation

Amount

	
Harmony Terrace Apartments
	
941 Sunset Garden Lane,

Simi Valley, CA 93065
	
Ventura
	
 

$ 3,500,000

	
Montclair Apartments
	
150 S 19th Ave,

Lemoore, CA 93245
	
Kings
	
 

$400,000

	
Santa Fe Apartments
	
16576 Sultana st,

Hesperia, CA 92345
	
San Bernardino
	
$1,800,000

	
Summerhill Family Apartments
	
6200 Victor Street,

Bakersfield, CA 93308
	
Kern
	
 

$1,800,000

	
 
	
Total
	
 

$7,500,000

 

S-2

 

By signing this document, the Subscriber acknowledges reading and agrees to the provisions set forth in the section captioned "CRA Credit Allocation Methodology" of the Memorandum. The Subscriber acknowledges that the General Partner provides no guarantee that the Subscriber will receive CRA credit for its investment in the Series A Preferred Units.

Accepted:

AMERICA FIRST MULTIFAMILY INVESTORS, L.P.

By: America First Capital Associates Limited Partnership Two, its General Partner

By: Burlington Capital, LLC, its General Partner

 

	
By:
	
/s/ Lisa Y. Roskens
	
 
	
Date:
	
October 25, 2017

	
 
	
Lisa Y. Roskens
	
 
	
 
	
 

	
 
	
 
	
 
	
 
	
 

	
Title: 
	
Chief Executive Officer
	
 
	
 
	
 

 

DMS 2291285v1

S-3Exhibit

EXHIBIT 10.48
	
			
	Änderung zum Vorstandsanstellungsvertrag
	 
	Amendment to Management Board Member’s Service Agreement

	Zwischen

der Diebold Nixdorf AG, Heinz-Nixdorf-Ring 1, 33106 Paderborn, vertreten durch den Aufsichtsrat, dieser vertreten durch seinen Vorsitzenden Herrn Dr. Alexander Dibelius

- im Folgenden „Gesellschaft“ genannt -
und

Herrn Dr. Jürgen Wunram, wohnhaft Am Heiddamm 21, 28355 Bremen.
	 
	Between

Diebold Nixdorf AG, Heinz-Nixdorf-Ring 1, 33106 Paderborn, represented by the supervisory board, in turn represented by its chairman, Dr. Alexander Dibelius

- hereinafter referred to as “Company” -
and

Dr. Jürgen Wunram, residing in Am Heiddamm 21, 28355 Bremen.

	Präambel
	 
	Preamble

	Herr Dr. Jürgen Wunram ist durch Beschluss des Aufsichtsrats der Diebold Nixdorf AG vom 14.12.2006 für die Zeit vom 01.03.2007 bis zum 28.02.2012 zum ordentlichen Mitglied des Vorstandes der Gesellschaft bestellt worden. Die Gesellschaft und Herr Dr. Wunram haben einen Vorstandsanstellungsvertrag am 15.12.2006 abgeschlossen. Durch Beschluss des Aufsichtsrats vom 27.04.2010 wurde der Vertrag ersetzt. Durch Beschluss des Aufsichtsrats vom 27.07.2011 ist Herr Dr. Wunram erneut für die Zeit vom 01.03.2012 bis zum 28.02.2017 und durch Beschluss des Aufsichtsrats vom 03.03.2016 erneut für die Zeit vom 01.03.2016 bis zum 28.02.2019 zum ordentlichen Mitglied des Vorstandes der Gesellschaft bestellt worden. Durch Beschluss des Aufsichtsrats vom 15.02.2017 wurde Herr Dr. Wunram mit Wirkung zum 01.04.2017 zum Vorsitzenden des Vorstands bestellt. 

	 
	By resolution of the Supervisory Board of Diebold Nixdorf AG dated December 14, 2006, Dr. Jürgen Wunram was appointed as regular member of the Management Board (Vorstand) of the Company for a term commencing on March 1, 2007 and ending on February 28, 2012. On December 15, 2006, the Company and Dr. Wunram entered into a Management Board Member’s Service Agreement. By resolution of the Supervisory Board dated April 27, 2010, this agreement was replaced. By resolution of the Supervisory Board dated July 27, 2011, Dr. Wunram was appointed again as regular member of the Management Board of the Company for a term commencing on March 1, 2012 and ending on February 28, 2017, and by resolution of the Supervisory Board dated March 3, 2016, again for a term commencing on March 1, 2016 and ending on February 28, 2019. By resolution as of February 15, 2017, the Supervisory Board has appointed Dr. Wunram as chairman of the Management Board effective on April 1, 2017.

	Durch Beschluss des Aufsichtsrats vom 20.12.2017 wird der § 4 (2) wie folgt ergänzt:

Die Gesellschaft erstattet Herrn Dr. Wunram Steuerberatungskosten gegen Beleg in Höhe von USD 14.000 brutto pro Jahr.

	 
	§ 4 (2) of the Management Board Member’s Service Agreement will be amended as follows:

The Company will reimburse Dr. Wunram’s tax advisory expenses (financial planning) against receipt up to USD 10,000 gross per annum.

	 
	 
	 

	Paderborn, den / this ____________ 2017
	 
	Paderborn, den / this ____________ 2017

	 
	 
	 

	__________________________________
Vorsitzender des Aufsichtsrates der / chairman of the supervisory board of Diebold Nixdorf AG 
	 
	__________________________________
Dr. Jürgen WunramExhibit

EXHIBIT 10.49
	
			
	Verlängerung des Vorstandsanstellungsvertrages
	 
	Extension of Management Board Member’s Service Agreement

	Zwischen

der Diebold Nixdorf AG, Heinz-Nixdorf-Ring 1, 33106 Paderborn, vertreten durch den Aufsichtsrat, dieser vertreten durch seinen Vorsitzenden Herrn Dr. Alexander Dibelius

- im Folgenden „Gesellschaft“ genannt -
und

Herrn Olaf Heyden, wohnhaft Stenzelbergstr. 3, 53340 Meckenheim
	 
	Between

Diebold Nixdorf AG, Heinz-Nixdorf-Ring 1, 33106 Paderborn, represented by the supervisory board, in turn represented by its chairman, Dr. Alexander Dibelius

- hereinafter referred to as “Company” -
and

Mr. Olaf Heyden, residing in Stenzelbergstr. 3, 55340 Meckenheim.

	Präambel
	 
	Preamble

	Herr Olaf Heyden ist durch Beschluss des Aufsichtsrats der Diebold Nixdorf AG vom 23.04.2013 in Konkretisierung des Beschlusses vom 07.01.2013 für die Zeit vom 01.05.2013 bis zum 30.04.2018 zum ordentlichen Mitglied des Vorstandes der Gesellschaft bestellt worden. Die Gesellschaft und Herr Heyden haben einen Vorstandsanstellungsvertrag am 07.01.2013 abgeschlossen. Durch Beschluss des Aufsichtsrats der Diebold Nixdorf AG vom 20.12.2017 ist die Bestellung von Herrn Heyden bis zum Ablauf des 28.02.2019 verlängert worden.

Der bestehende Vorstandsanstellungsvertrag wird somit bis zum Ablauf des 28.02.2019 verlängert.

§ 4 (2) des Vorstandsanstellungsvertrages wird wie folgt ergänzt:

Die Gesellschaft erstattet Herrn Heyden Steuerberatungskosten gegen Beleg in Höhe von USD 10.000 brutto pro Jahr.
	 
	By resolution of the Supervisory Board of Diebold Nixdorf AG dated April 23, 2013 in concretion by resolution dated January 7, 2013, Mr. Olaf Heyden was appointed as regular member of the Management Board (Vorstand) of the Company for a term commencing on May 1, 2013 and ending on April 30, 2018. On January 7, 2013, the Company and Mr. Heyden entered into a Management Board Member’s Service Agreement. 
By resolution of the Supervisory Board of Diebold Nixdorf AG dated December 20, 2017 the appointment has been extended ending on February 28, 2019.

The existing Management Board Member’s Service Agreement will be extended ending on February 28, 2019 respectively.

§ 4 (2) of the Management Board Member’s Service Agreement will be amended as follows:

The Company will reimburse tax advisory expenses (financial planning) against receipt up to USD 10,000 gross per annum.

	 
	 
	 

	Paderborn, den / this ____________ 2017
	 
	Paderborn, den / this ____________ 2017

	 
	 
	 

	__________________________________
Vorsitzender des Aufsichtsrates der / chairman of the supervisory board of Diebold Nixdorf AG 
	 
	__________________________________
Olaf Heyden

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