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Mobile Infrastructure Corp. – ‘8-K’ for 12/13/22 – ‘EX-10.6’

On:  Wednesday, 12/14/22, at 6:39am ET   ·   For:  12/13/22   ·   Accession #:  1472375-22-133   ·   File #:  0-55760

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  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

12/14/22  Mobile Infrastructure Corp.       8-K:1,5,7,812/13/22   24:5.5M                                   Avantafile Syst… Corp/FA

Current Report   —   Form 8-K

Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 8-K         Current Report                                      HTML     80K 
 2: EX-2.1      Agreement and Plan of Merger                        HTML   2.08M 
 3: EX-2.2      Merger Termination Agreement                        HTML     28K 
 4: EX-10.1     Form of Sponsor Lock-Up Agreement                   HTML     41K 
 5: EX-10.2     Form of Seller Lock-Up Agreement                    HTML     41K 
 6: EX-10.3     Sponsor Agreement                                   HTML     65K 
 7: EX-10.4     Second Amendment to Employment Agreement            HTML     15K 
 8: EX-10.5     Second Amendment to Employment Agreement            HTML     14K 
 9: EX-10.6     First Amendment to Ltip Unit Agreement              HTML     13K 
10: EX-10.7     First Amendment to Ltip Unit Agreement              HTML     13K 
11: EX-99.1     Press Release                                       HTML     34K 
12: EX-99.2     Investor Presentation                               HTML      8K 
13: EX-99.3     Support Agreement                                   HTML     64K 
14: EX-99.4     Support Agreement                                   HTML     50K 
15: EX-99.5     Form of Subscription Agreement                      HTML    183K 
19: R1          Cover                                               HTML     43K 
22: XML         IDEA XML File -- Filing Summary                      XML     17K 
20: XML         XBRL Instance -- ixform8k_htm                        XML     16K 
21: EXCEL       IDEA Workbook of Financial Reports                  XLSX      8K 
17: EX-101.LAB  XBRL Labels -- mic1642985-20221213_lab               XML     98K 
18: EX-101.PRE  XBRL Presentations -- mic1642985-20221213_pre        XML     66K 
16: EX-101.SCH  XBRL Schema -- mic1642985-20221213                   XSD     15K 
23: JSON        XBRL Instance as JSON Data -- MetaLinks               25±    35K 
24: ZIP         XBRL Zipped Folder -- 0001472375-22-000133-xbrl      Zip    671K 


‘EX-10.6’   —   First Amendment to Ltip Unit Agreement


This Exhibit is an HTML Document rendered as filed.  [ Alternative Formats ]



  Filed by Avantafile.com - Mobile Infrastructure Corporation - Exhibit 10.6  

Exhibit 10.6

FIRST AMENDMENT TO LTIP UNIT AGREEMENT

This FIRST AMENDMENT TO LTIP UNIT AGREEMENT (this “Amendment”) is entered into as of December 13, 2022 (the “Amendment Effective Date”) among Mobile Infrastructure Corporation, a Maryland corporation formerly known as The Parking REIT, Inc. (the “Company”), Mobile Infra Operating Partnership, L.P. a Maryland limited partnership formerly known as MVP REIT II Operating Partnership, LP (the “Operating Partnership”), and Manuel Chavez (the “Participant”). Capitalized terms used but not otherwise defined in this Amendment shall have the respective meanings ascribed to such terms under the Agreement (as hereinafter defined).

 

WHEREAS, the Company, Operating Partnership and Participant are parties to that certain Mobile Infrastructure Corporation and Mobile Infra Operating Partnership, L.P. LTIP Unit Agreement, entered into as of August 23, 2022 (the “Agreement”);

 

WHEREAS, pursuant to Section 4.7 of the Agreement, the Administrator has the authority to amend the Agreement, so long as the amendment does not adversely affect the Award in any material way without the prior written consent of the Participant; and

 

WHEREAS, the Company, the Operating Partnership and the Participant desire to amend the Agreement as provided herein.

 

NOW, THEREFORE, the Participant, the Company and the Operating Partnership hereby amend and modify the Agreement as follows:

 

SOLE CHANGE

 

The first sentence of Section 2.2(a) of the Agreement is hereby deleted in its entirety and replaced with the following:

 

            “Except as otherwise provided in this Agreement, this grant of LTIP Units shall vest in full only upon the occurrence of a Liquidity Event prior to August 25, 2024, provided that (i) the Participant remains continuously employed with the Company, the Partnership or an Affiliate through the one-year anniversary of the Liquidity Event, in which case the Liquidity Event Restricted Units shall vest on such one-year anniversary; (ii) the Participant is terminated by the Company, the Partnership and such Affiliate without Cause or resigns for Good Reason within one hundred and eighty (180) days before a Liquidity Event, in which case the Liquidity Event Restricted Units shall vest upon the Liquidity Event, or (iii) the Participant is terminated by the Company, the Partnership and such Affiliate without Cause or resigns for Good Reason within one year after the Liquidity Event, in which case the Liquidity Event Restricted Units shall vest upon such termination of employment.”

 

[Remainder of the Page Intentionally Blank.]

IN WITNESS WHEREOF, the Company, the Operating Partnership and the Participant have executed this Amendment as of the day and year first written above.

 

 

COMPANY:


MOBILE INFRASTRUCTURE CORPORATION


By: /s/ Stephanie Hogue                                      

Name: Stephanie Hogue                                                                 

Title: President & Chief Financial Officer


Date: December 13, 2022


OPERATING PARTNERSHIP:


MOBILE INFRA OPERATING PARTNERSHIP, L.P.


By: Mobile Infrastructure Corporation, its general partner


By: /s/ Stephanie Hogue                                      

Name: Stephanie Hogue                                                                 

Title: President & Chief Financial Officer

 

Date: December 13, 2022


PARTICIPANT:

/s/ Manuel Chavez III                                      

Manuel Chavez


Date: Date: December 13, 2022


[Amendment to LTIP Unit Agreement Signature Page - Hogue]

 



Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘8-K’ Filing    Date    Other Filings
8/25/24
Filed on:12/14/22
For Period end:12/13/22
8/23/224
 List all Filings 


12 Subsequent Filings that Reference this Filing

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 4/05/24  Mobile Infrastructure Corp.       POS AM                87:12M                                    M2 Compliance LLC/FA
 3/22/24  Mobile Infrastructure Corp.       10-K       12/31/23   93:11M                                    RDG Filings/FA
10/31/23  Mobile Infrastructure Corp.       S-11/A               104:26M                                    Donnelley … Solutions/FA
10/19/23  Mobile Infrastructure Corp.       S-11/A     10/18/23  104:26M                                    Donnelley … Solutions/FA
 9/25/23  Mobile Infrastructure Corp.       S-11        9/22/23  104:26M                                    Donnelley … Solutions/FA
 8/31/23  Mobile Infrastructure Corp.       8-K:1,2,3,4 8/25/23   24:2.5M                                   Donnelley … Solutions/FA
 7/05/23  Mobile Infrastructure Corp.       S-4/A                 49:21M                                    Donnelley … Solutions/FA
 6/16/23  Mobile Infrastructure Corp.       S-4/A                 53:20M                                    Donnelley … Solutions/FA
 5/11/23  Mobile Infrastructure Corp.       S-4/A                 50:18M                                    Donnelley … Solutions/FA
 4/11/23  Mobile Infrastructure Corp.       S-4/A       4/10/23   58:18M                                    Donnelley … Solutions/FA
 3/22/23  Mobile Infrastructure Corp.       10-K       12/31/22   86:13M                                    RDG Filings/FA
 1/13/23  Mobile Infrastructure Corp.       S-4                   56:18M                                    Donnelley … Solutions/FA
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Filing Submission 0001472375-22-000133   –   Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

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