Document:

MSI EX 10.6 (Q1 2015)

Motorola Solutions, Inc.
2015-2017 Long Range Incentive Plan (LRIP) Terms
As Approved by the Compensation and Leadership Committee
On February 11, 2015
	
		
	Design Feature
	2015-2017 LRIP

	Performance Cycle
	Three years from 2015-2017

	Eligible Population
	CVPs and above

	Performance Criteria
	Relative Total Shareholder Return (TSR)
TSR Defined as:
Ending stock price
   (Daily average during the final three months of the Performance Cycle)
+   Value of reinvested dividends
=   Total ending value
–   Beginning stock price
   (Daily average during the three months preceding the Performance Cycle)
=   Total value created
÷   Beginning share price
   (Daily average during the three months preceding the Performance Cycle)
= Total shareholder return

	Negative TSR Component
	If the resulting TSR performance for Motorola Solutions is negative, the Committee will have negative discretion to reduce the final payout up to a 25% reduction of the calculated payout.

	Comparator Group
	S&P 500 defined as companies in the S&P 500 at the beginning of the performance period; must be publicly traded on or after July 1, 2016 to be included in the TSR percentile calculation at the end of the performance cycle.

	Payout Scale

	                            

23HCR3 8K050615 Exhibit 10.1

SECOND AMENDMENT TO ASSET PURCHASE AGREEMENT

THIS SECOND AMENDMENT TO ASSET PURCHASE AGREEMENT (this “Amendment”) is made and entered into effective as of the 30th day of April, 2015, GAHC3 NEBRASKA SENIOR HOUSING PORTFOLIO, LLC, a Delaware limited liability company (“Buyer”), and DIAL – RIDGEWOOD SENIOR LIVING, L.L.C., a Nebraska limited liability company, and SILVERCREST FOUNTAIN VIEW INDEPENDENT LIVING, L.P., a Nebraska limited partnership (individually and collectively, “Seller” or “Sellers”).

W I T N E S S E T H:

Buyer and Sellers entered into that certain Asset Purchase Agreement effective as of March 13, 2015, as amended by that certain Amendment to Asset Purchase Agreement dated as of April 20, 2015 (the “First Amendment”, and Asset Purchase Agreement as so amended by the First Amendment is the “Purchase Agreement”).  Capitalized terms not defined herein shall have the meaning given to them in the Purchase Agreement.  Buyer and Sellers desire to amend the Purchase Agreement as herein set forth.

NOW, THEREFORE, for Ten and No/100 Dollars ($10.00) in hand paid and in consideration of the covenants and agreements herein contained, the adequacy and sufficiency of which are hereby acknowledged by the parties, the parties hereto mutually agree as follows:

1.    Diligence Period.  Section 1.8 of the Purchase Agreement is hereby amended to extend the Diligence Period so that it shall end at 5:00 p.m. Pacific time on May 5, 2015.  

2.    Closing Date:   Section 1.3 of the Purchase Agreement is hereby deleted and replaced in its entirety with the following:

“Unless this Agreement shall have been terminated pursuant to an express right to terminate as herein provided, the closing hereunder related to the purchase and sale of the Assets (the “Closing”) shall occur at 10:00 a.m. Pacific Time on the fifteenth (15th) day following the date that is the later of (i) the expiration of the Diligence Period, or (ii) the date on which all conditions to such Closing expressly stated in this Agreement are satisfied or waived in writing, or such other date as may be mutually agreed to by the parties (the “Closing Date”); provided, that if said fifteenth (15th) day is not the last day of a calendar month, then the Closing Date shall occur on the last business day of the calendar month, but effective for accounting purposes as of 11:59:59 p.m. Pacific Time on the last day of the calendar month (the “Effective Time”) such that said last calendar day of the month will be a day of income and expense to Seller.  The Closing shall take place through an exchange of consideration and documents using overnight courier service, wire transfers, electronic mail or facsimile.”

3.    Additional Closing Condition:  The obligation of Buyer to effect the transactions contemplated by the Purchase Agreement shall be subject to the satisfaction of the additional condition, unless waived in writing by Buyer, which is hereby added to Article 8:  

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“8.7    Completion of Audit.  Buyer shall have substantially completed the audit being performed pursuant to Section 13.21 of this Agreement; provided that, if this specific condition to Buyer’s obligations is not satisfied by the Outside Date for reasons other than a default by Seller of its obligations under Section 13.21, then said failure shall not constitute a Refundable Event.”

4.    Form of Management Agreement:  The form of the management agreement attached to the Purchase Agreement as Schedule 6.9 shall be revised as follows:  

a.    The Incentive Management Fees shall be calculated based upon the aggregate performance of the Properties, not based upon an individual Facility, such that the First Tier Incentive Threshold, Second Tier Incentive Threshold and Third Tier Incentive Threshold, as well as First Tier Excess Cash Flow, Second Tier Excess Cash Flow and Third Tier Excess Cash Flow shall be determined based upon the aggregate EBITDAR for the Properties.  
 
b.    With respect to the Ridgewood Facility, the management agreement shall exclude from Operating Expenses certain corporate expenses of Management Company that will not apply post-Closing, including without limitation Accounting and Payroll Management Fees (identified on the current budgets as GL 585-07-005), Travel and Mileage (identified on the current budgets as GL 520-07-001), certain payroll taxes (identified on the current budgets as GL 510-07-001) and Training Labor (identified on the current budgets as GL 500-05-027).    The foregoing is not applicable to the Fountain View Facility.

c.    The last sentence of Section 2.7(b) of the management agreement is hereby deleted and replaced with the following:

“Notwithstanding the foregoing, Management Company shall not, without the prior written consent of Tenant,  make or authorize payments from the Operating Accounts for (i) an individual Budgeted expenditure in excess of the Budget amount therefor, and/or (ii) an individual non-Budgeted expenditure, other than Permitted Over-Expenditures or for an Emergency a provided herein, in excess of $10,000.”

5.    Full Force and Effect.  Except as specifically provided herein, the Purchase Agreement is unchanged and remains in full force and effect.

6.    Counterparts; Facsimile Execution.  This Amendment may be executed in several counterparts, each of which shall be deemed to be an original, and all of which together shall constitute one and the same agreement.  This Amendment may be executed and delivered via telephonic or electronic facsimile or PDF transmission.

[Signatures on following page]

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IN WITNESS WHEREOF, Sellers and Buyer have executed this Agreement effective as of the day and year first set forth above.

“SELLERS”
	
		
	DIAL – RIDGEWOOD SENIOR LIVING,
LLC, a Nebraska limited liability company

	By:
	/s/ TED LOWNDES

	Name:
	Ted Lowndes

	Title:
	Manager

	 
	 

	SILVERCREST FOUNTAIN VIEW
INDEPENDENT LIVING L.P., a Nebraska
limited partnership

	By:
	/s/ ROBERT J. FURLEY

	Name:
	Robert J. Furley

	Title:
	Manager of General Partner,
Silvercrest Fountain View, L.L.C.

[Signatures continue on following page]

	
		
	“BUYER”
GAHC3 NEBRASKA SENIOR HOUSING
PORTFOLIO, LLC, a Delaware limited
liability company

By: Griffin-American Healthcare REIT III
Holdings, LP, its Sole Member

By: Griffin-American Healthcare REIT III, Inc., its
General Partner

	 
	 

	By:
	/s/ CORA LO

	Name:
	Cora Lo

	Title:
	SecretaryExhibit41SecondSupplementalIndenturedoc

Exhibit 4.1

SECOND SUPPLEMENTAL INDENTURE
SECOND SUPPLEMENTAL INDENTURE (this “Second Supplemental Indenture”), dated as of March 25, 2015, among HEP El Dorado LLC, a Delaware limited liability company (the “Guaranteeing Subsidiary”), Holly Energy Partners, L.P., a Delaware limited partnership (“Holly Energy Partners”), and Holly Energy Finance Corp. (“Finance Corp.” and collectively with Holly Energy Partners, the “Issuers”), the other Guarantors (as defined in the Indenture referred to herein) and U.S. Bank National Association, as trustee under the Indenture referred to herein (the “Trustee”).
W I T N E S S E T H
WHEREAS, the Issuers have heretofore executed and delivered to the Trustee an indenture (the “Indenture”), dated as of March 12, 2012, providing for the issuance of 6.50% Senior Notes due 2020 (the “Notes”), and a First Supplemental Indenture, dated as of August 6, 2012, providing for the addition of HEP UNEV Holdings, LLC, a Delaware limited liability company, and HEP UNEV Pipeline, LLC, a Delaware limited liability company, as Guarantors under the Indenture;
WHEREAS, the Indenture provides that under certain circumstances the Guaranteeing Subsidiary shall execute and deliver to the Trustee a supplemental indenture pursuant to which the Guaranteeing Subsidiary shall unconditionally guarantee all of the Issuers’ Obligations under the Notes and the Indenture on the terms and conditions set forth herein (the “Note Guarantee”); and
WHEREAS, pursuant to Section 9.01 of the Indenture, the Trustee is authorized to execute and deliver this Second Supplemental Indenture.
NOW, THEREFORE, in consideration of the foregoing and for other good and valuable consideration, the receipt of which is hereby acknowledged, the Guaranteeing Subsidiary and the Trustee mutually covenant and agree for the equal and ratable benefit of the Holders of the Notes as follows:
1.    CAPITALIZED TERMS.  Capitalized terms used herein without definition shall have the meanings assigned to them in the Indenture.
2.    AGREEMENT TO GUARANTEE.  The Guaranteeing Subsidiary hereby agrees to provide an unconditional Guarantee on the terms and subject to the conditions set forth in the Note Guarantee and in the Indenture including but not limited to Article 10 thereof.
3.    NO RECOURSE AGAINST OTHERS.  No past, present or future director, officer, employee, incorporator, stockholder or agent of the Guaranteeing Subsidiary, as such, shall have any liability for any obligations of the Issuers or any Guaranteeing Subsidiary under the Notes, any Note Guarantees, the Indenture or this Second Supplemental Indenture or for any claim based on, in respect of, or by reason of, such obligations or their creation.  Each Holder of the Notes by accepting a Note waives and releases all such liability.  The waiver and release are part of the consideration for issuance of the Notes.  Such waiver may not be effective to waive liabilities under the federal securities laws and it is the view of the SEC that such a waiver is against public policy.

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US 3443326v.1

4.    NEW YORK LAW TO GOVERN.  THE LAW OF THE STATE OF NEW YORK SHALL GOVERN AND BE USED TO CONSTRUE THIS SECOND SUPPLEMENTAL INDENTURE.
5.    COUNTERPARTS.  The parties may sign any number of copies of this Second Supplemental Indenture.  Each signed copy shall be an original, but all of them together represent the same agreement.
6.    EFFECT OF HEADINGS.  The Section headings herein are for convenience only and shall not affect the construction hereof.
7.    THE TRUSTEE.  The Trustee shall not be responsible in any manner whatsoever for or in respect of the validity or sufficiency of this Second Supplemental Indenture or for or in respect of the recitals contained herein, all of which recitals are made solely by the Guaranteeing Subsidiary and the Issuers.

[Remainder of Page Intentionally Left Blank]
IN WITNESS WHEREOF, the parties hereto have caused this Second Supplemental Indenture to be duly executed and attested, all as of the date first above written.
GUARANTEEING SUBSIDIARY:
HEP EL DORADO LLC, a Delaware limited liability company

By: /s/ Stephen D. Wise    
Stephen D. Wise
Vice President and Treasurer

ISSUERS:

HOLLY ENERGY PARTNERS, L.P.

		
	By:
	HEP Logistic Holdings, L.P., 
its general partner

		
	By:
	Holly Logistic Services, L.L.C., 
its general partner

By: /s/ Stephen D. Wise    
Stephen D. Wise
Vice President and Treasurer

HOLLY ENERGY FINANCE CORP.

By: /s/ Stephen D. Wise    
Stephen D. Wise
Vice President and Treasurer

OTHER GUARANTORS:
HEP LOGISTICS GP, L.L.C., a Delaware limited liability company

HOLLY ENERGY PARTNERS-OPERATING, L.P., a Delaware limited partnership

HOLLY ENERGY STORAGE-LOVINGTON LLC, a Delaware limited liability company

CHEYENNE LOGISTICS LLC, a Delaware limited liability company

EL DORADO LOGISTICS LLC, a Delaware limited liability company

HEP PIPELINE GP, L.L.C., a Delaware limited liability company

HEP REFINING GP, L.L.C., a Delaware limited liability company

HEP REFINING, L.L.C., a Delaware limited liability company

HEP TULSA LLC, a Delaware limited liability company

LOVINGTON-ARTESIA, L.L.C., a Delaware limited liability company

ROADRUNNER PIPELINE, L.L.C., a Delaware limited liability company

HEP SLC, LLC, a Delaware limited liability company

HEP UNEV HOLDINGS LLC, a Delaware limited liability company

HEP UNEV PIPELINE LLC, a Delaware limited liability company

By: /s/ Stephen D. Wise    
Stephen D. Wise
Vice President and Treasurer

HEP MOUNTAIN HOME, L.L.C., a Delaware limited liability company

HEP PIPELINE, L.L.C., a Delaware limited liability company

HEP WOODS CROSS, L.L.C., a Delaware limited liability company

		
	Each by:
	Holly Energy Partners—Operating, L.P., a Delaware limited partnership, its Sole Member

    

By: /s/ Stephen D. Wise    
Stephen D. Wise
Vice President and Treasurer
HEP FIN-TEX/TRUST RIVER, L.P., 
a Texas limited partnership

HEP NAVAJO SOUTHERN, L.P., a Delaware limited partnership

HEP PIPELINE ASSETS, LIMITED PARTNERSHIP, a Delaware limited partnership

		
	Each by:
	HEP Pipeline GP, L.L.C., a Delaware limited liability company, its General Partner

By: /s/ Stephen D. Wise    
Stephen D. Wise
Vice President and Treasurer
HEP REFINING ASSETS, L.P., a Delaware limited partnership

		
	By:
	HEP Refining GP, L.L.C., a Delaware limited liability company, its General Partner

By: /s/ Stephen D. Wise    
Stephen D. Wise
Vice President and Treasurer

U.S. BANK NATIONAL ASSOCIATION, 
as Trustee
By:     /s/ Brad Hounsel         
    Brad Hounsel
Vice President

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US 3443326v.1

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