Exhibit 10.2

 

EXECUTION COPY

 

CAPMARK FINANCIAL GROUP INC.

 

as Issuer

 

the ADDITIONAL SUBSIDIARY GUARANTORS named herein

 

and

 

DEUTSCHE BANK TRUST COMPANY AMERICAS,

 

as Trustee

 

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5.875% SENIOR NOTES DUE 2012

 

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SECOND SUPPLEMENTAL INDENTURE

 

Dated as of June 3, 2009

 

to

 

INDENTURE

 

Dated as of May 10, 2007

 

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SECOND SUPPLEMENTAL INDENTURE (this “Second Supplemental Indenture”), dated as
of June 3, 2009 among Capmark Affordable Equity Holdings Inc., a Colorado
corporation and an indirect subsidiary of Capmark Financial Group Inc., a Nevada
corporation (the “Issuer”), Summit Crest Ventures LLC, a Delaware limited
liability corporation and an indirect subsidiary of the Issuer and Capmark REO
Holding LLC, Delaware limited liability corporation and an indirect subsidiary
of the Issuer (each an “Additional Subsidiary Guarantor” and together, the
“Additional Subsidiary Guarantors”), the Issuer and Deutsche Bank Trust Company
Americas, as Trustee under the Indenture (the “Trustee”).

 

WITNESSETH:

 

WHEREAS the Issuer and the Subsidiary Guarantors have heretofore executed and
delivered to the Trustee an Indenture (the “Indenture”), dated as of May 10,
2007, providing for the issuance of 5.875% Senior Notes Due 2012 (the “Notes”);

 

WHEREAS, Section 4.03 and Section 10.06 of the Indenture provide that under
certain circumstances the Issuer shall cause the Additional Subsidiary
Guarantors to execute and deliver to the Trustee a guaranty agreement pursuant
to which the Additional Subsidiary Guarantors shall Guarantee payment of the
Notes on the same terms and conditions as those set forth in Article 10 of the
Indenture; and

 

WHEREAS, pursuant to Section 9.01(iv) of the Indenture, the Trustee and the
Issuer are authorized to execute and deliver this Supplemental Indenture.

 

NOW THEREFORE, in consideration of the foregoing and for good and valuable
consideration, the receipt of which is hereby acknowledged, the Issuer, the
Additional Subsidiary Guarantors and the Trustee mutually covenant and agree for
the equal and ratable benefit of the Holders of the Notes as follows:

 

SECTION 1.  Capitalized Terms.  Capitalized terms used herein but not defined
shall have the meanings assigned to them in the Indenture.

 

SECTION 2.  Guarantees.  Each Additional Subsidiary Guarantor hereby agrees,
jointly and severally with all other Guarantors, to guarantee the Issuer’s
obligations under the Notes on the terms and subject to the conditions set forth
in Article 10 of the Indenture and to be bound by all other applicable
provisions of the Indenture.

 

SECTION 3.  Ratification of Indenture; Supplemental Indentures Part of
Indenture.  Except as expressly amended hereby, the Indenture is in all respects
ratified and confirmed and all the terms, conditions and provisions thereof
shall remain in full force and effect.  This Second Supplemental Indenture shall
form a part of the Indenture for all purposes, and every holder of Notes
heretofore or hereafter authenticated and delivered shall be bound hereby.

 

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SECTION 4.  Governing Law.  THIS SUPPLEMENTAL INDENTURE SHALL BE GOVERNED BY,
AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK.

 

SECTION 5.  Trustee Makes No Representation.  The Trustee makes no
representation as to the validity or sufficiency of this Second Supplemental
Indenture.

 

SECTION 6.  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.

 

SECTION 7.  Effect of Headings.  The Section headings herein are for convenience
only and shall not affect the construction of this Second Supplemental
Indenture.

 

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IN WITNESS WHEREOF, the parties hereto have caused this Second Supplemental
Indenture to be duly executed as of the day and year first above written.

 

 

 

CAPMARK FINANCIAL GROUP INC.

 

 

 

 

 

 

 

By:

/s/ Gregory J. McManus

 

Name:

Gregory J. McManus

 

Title:

Chief Financial Officer and

 

 

Executive Vice President

 

 

 

 

 

 

 

CAPMARK AFFORDABLE EQUITY HOLDINGS INC.

 

 

 

 

 

 

 

By:

/s/ Gregory J. McManus

 

Name:

Gregory J. McManus

 

Title:

Executive Vice President

 

 

 

 

 

 

 

SUMMIT CREST VENTURES LLC

 

 

 

 

 

 

 

By:

/s/ Anne E. Kelly

 

Name:

Anne E. Kelly

 

Title:

Assistant Treasurer

 

 

 

 

 

 

 

CAPMARK REO HOLDING LLC

 

 

 

 

 

 

 

By:

/s/ Anne E. Kelly

 

Name:

Anne E. Kelly

 

Title:

Vice President

 

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DEUTSCHE BANK TRUST COMPANY

 

AMERICAS, as Trustee

 

By Deutsche Bank National Trust Company

 

 

 

 

 

By:

/s/ Kenneth D. Ring

 

Name:

Kenneth D. Ring

 

Title:

Vice President

 

 

 

 

By:

/s/ Irina Golovashchuk

 

Name:

Irina Golovashchuk

 

Title:

Assistant Vice President

 

 

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