Exhibit 10.2

 

 

 

STORE MASTER FUNDING I, LLC

as an Issuer,

 

STORE MASTER FUNDING II, LLC

as an Issuer,

 

STORE MASTER FUNDING III, LLC

as an Issuer,

 

STORE MASTER FUNDING IV, LLC

as an Issuer,

 

STORE MASTER FUNDING V, LLC

as an Issuer,

 

STORE MASTER FUNDING VI, LLC

as an Issuer,

 

and

 

EACH JOINING PARTY

each, as an Issuer,

 

STORE CAPITAL CORPORATION

as Property Manager and Special Servicer,

 

MIDLAND LOAN SERVICES, A DIVISION OF PNC BANK, NATIONAL ASSOCIATION

as Back-Up Manager

 

and

 

CITIBANK, N.A.,

not individually but solely as Indenture Trustee

 

 

FIRST AMENDMENT TO THE

FOURTH AMENDED AND RESTATED PROPERTY MANAGEMENT AND SERVICING AGREEMENT

 

Effective as July 10, 2015

__________________________

Net-Lease Mortgage Notes

 

 

FIRST AMENDMENT TO THE

FOURTH AMENDED AND RESTATED PROPERTY MANAGEMENT AND SERVICING AGREEMENT

 

This First Amendment to the Fourth Amended and Restated Property Management and
Servicing Agreement is effective as of July 10, 2015 and is made among STORE
Master Funding I, LLC, as an issuer (an “Issuer”), STORE Master Funding II, LLC,
as an issuer (an “Issuer”), STORE Master Funding III, LLC, as an issuer (an
“Issuer”), STORE Master Funding IV, LLC, as an issuer (an “Issuer”), STORE
Master Funding V, LLC, as an issuer (an “Issuer”), STORE Master Funding VI, LLC,
as an issuer (an “Issuer”), each Joining Party, each as an issuer (each, an
“Issuer”), STORE Capital Corporation, a Maryland corporation, as property
manager and special servicer (together with its successors in such capacities,
the “Property Manager” and “Special Servicer,” respectively), Citibank, N.A.,
not individually but solely as indenture trustee (together with its successors
in such capacity, the “Indenture Trustee”) and Midland Loan Services, a division
of PNC Bank, National Association, as Back-Up Manager (together with its
successors in such capacity, the “Back-Up Manager”) (collectively, the
“Parties”). Any capitalized term used herein and not otherwise defined shall
have the meaning ascribed to such term in the Fourth Amended and Restated
Property Management Agreement (as hereinafter defined).

RECITALS

WHEREAS, STORE Master Funding I, STORE Master Funding II, STORE Master Funding
III, STORE Master Funding IV, STORE Master Funding V, the Property Manager, the
Special Servicer, the Indenture Trustee and the Back-up Manager, entered into
the Fourth Amended and Restated Property Management and Servicing Agreement,
dated April 16, 2015 (the “Fourth Amended and Restated Property Management
Agreement”); and

WHEREAS, the Parties hereto wish to amend certain provisions in the Fourth
Amended and Restated Property Management Agreement as further described in this
Amendment.

AGREEMENT

NOW, THEREFORE, in consideration of the foregoing and for other good and
valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, the Parties agree to amend the Fourth Amended and Restated
Property Management Agreement as follows:

1.Definitions.  The definition of “Back-Up Fee Rate” is hereby deleted in its
entirety and replaced with the following definition:

“Back-Up Fee Rate”:  With respect to each Property, a monthly rate equal to the
product of (i) one-twelfth and (ii) 0.010%.

 

 

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2.Effectiveness.  The parties hereto acknowledge and agree that the
effectiveness of this modification to the Back-Up Fee Rate will begin with the
period relating to the July 2015 Payment Date.

3.Ratification.  Except as expressly stated herein, the Fourth Amended and
Restated Property Management Agreement shall remain in full force and
effect.  If there is any conflict between the Fourth Amended and Restated
Property Management Agreement and the terms of this Amendment, the terms of this
Amendment shall control.

IN WITNESS WHEREOF, the Issuers, the Property Manager and Special Servicer, the
Back-Up Manager and the Indenture Trustee have caused this Agreement to be duly
executed by their respective officers or representatives all as of the day and
year first above written.

STORE CAPITAL CORPORATION,

a Maryland corporation, as

Property Manager and Special Servicer

 

By:  /s/ Michael J. Zieg

      Michael J. Zieg

      Executive Vice President

 

STORE MASTER FUNDING I, LLC,

a Delaware limited liability company, as Issuer

 

By:  /s/ Michael J. Zieg

      Michael J. Zieg

      Executive Vice President

 

STORE MASTER FUNDING II, LLC,

a Delaware limited liability company, as Issuer

 

By:  /s/ Michael J. Zieg

      Michael J. Zieg

      Executive Vice President

 

STORE MASTER FUNDING III, LLC,

a Delaware limited liability company, as Issuer

 

By:  /s/ Michael J. Zieg

      Michael J. Zieg

      Executive Vice President

First Amendment to the Fourth Amended and Restated Property Management Agreement
- STORE 2015-1

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STORE MASTER FUNDING IV, LLC,

a Delaware limited liability company, as Issuer

 

By:  /s/ Michael J. Zieg

      Michael J. Zieg

      Executive Vice President

 

STORE MASTER FUNDING V, LLC,

a Delaware limited liability company, as Issuer

 

By:  /s/ Michael J. Zieg

      Michael J. Zieg

      Executive Vice President

 

STORE MASTER FUNDING VI, LLC,

a Delaware limited liability company, as Issuer

 

By:  /s/ Michael J. Zieg

      Michael J. Zieg

      Executive Vice President

First Amendment to the Fourth Amended and Restated Property Management Agreement
- STORE 2015-1

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CITIBANK, N.A., not in its individual capacity but solely as Indenture Trustee

 

By:  /s/ John Hannon

      John Hannon

      Vice President

      Authorized Signatory

 

First Amendment to the Fourth Amended and Restated Property Management Agreement
- STORE 2015-1

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MIDLAND LOAN SERVICES, A DIVISION OF PNC BANK, NATIONAL ASSOCIATION,

as Back-Up Manager

   

By:  /s/ Cynthia A. Bicknell

      Cynthia A. Bicknell

      Senior Vice President

 

First Amendment to the Fourth Amended and Restated Property Management Agreement
- STORE 2015-1

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STATE OF ARIZONA)

)ss.:

COUNTY OF MARICOPA)

On the 7 day of July, 2015, before me, a notary public in and for said State,
personally appeared Michael J. Zieg, known to me to be the Executive Vice
President of STORE MASTER FUNDING I, LLC, and also known to me to be the person
who executed it on behalf of such entity, and acknowledged to me that such
entity executed the within instrument.

IN WITNESS WHEREOF, I have hereunto set my hand and affixed my official seal the
day and year in this certificate first above written.

/s/ Susan M. Fitzgerald
Notary Public

 

[Notarial Seal]

First Amendment to the Fourth Amended and Restated Property Management Agreement
- STORE 2015-1

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STATE OF ARIZONA)

)ss.:

COUNTY OF MARICOPA)

On the 7 day of July, 2015, before me, a notary public in and for said State,
personally appeared Michael J. Zieg, known to me to be the Executive Vice
President of STORE MASTER FUNDING II, LLC, and also known to me to be the person
who executed it on behalf of such entity, and acknowledged to me that such
entity executed the within instrument.

IN WITNESS WHEREOF, I have hereunto set my hand and affixed my official seal the
day and year in this certificate first above written.

/s/ Susan M. Fitzgerald
Notary Public

 [Notarial Seal]

First Amendment to the Fourth Amended and Restated Property Management Agreement
- STORE 2015-1

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STATE OF ARIZONA)

)ss.:

COUNTY OF MARICOPA)

On the 7 day of July, 2015, before me, a notary public in and for said State,
personally appeared Michael J. Zieg, known to me to be the Executive Vice
President of STORE MASTER FUNDING III, LLC, and also known to me to be the
person who executed it on behalf of such entity, and acknowledged to me that
such entity executed the within instrument.

IN WITNESS WHEREOF, I have hereunto set my hand and affixed my official seal the
day and year in this certificate first above written.

/s/ Susan M. Fitzgerald
Notary Public

[Notarial Seal]

First Amendment to the Fourth Amended and Restated Property Management Agreement
- STORE 2015-1

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STATE OF ARIZONA)

)ss.:

COUNTY OF MARICOPA)

On the 7 day of July, 2015, before me, a notary public in and for said State,
personally appeared Michael J. Zieg, known to me to be the Executive Vice
President of STORE MASTER FUNDING IV, LLC, and also known to me to be the person
who executed it on behalf of such entity, and acknowledged to me that such
entity executed the within instrument.

IN WITNESS WHEREOF, I have hereunto set my hand and affixed my official seal the
day and year in this certificate first above written.

/s/ Susan M. Fitzgerald
Notary Public

[Notarial Seal]

First Amendment to the Fourth Amended and Restated Property Management Agreement
- STORE 2015-1

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STATE OF ARIZONA)

)ss.:

COUNTY OF MARICOPA)

On the 7 day of July, 2015, before me, a notary public in and for said State,
personally appeared Michael J. Zieg, known to me to be the Executive Vice
President of STORE MASTER FUNDING V, LLC, and also known to me to be the person
who executed it on behalf of such entity, and acknowledged to me that such
entity executed the within instrument.

IN WITNESS WHEREOF, I have hereunto set my hand and affixed my official seal the
day and year in this certificate first above written.

/s/ Susan M. Fitzgerald
Notary Public

[Notarial Seal]

 

First Amendment to the Fourth Amended and Restated Property Management Agreement
- STORE 2015-1

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STATE OF ARIZONA)

)ss.:

COUNTY OF MARICOPA)

On the 7 day of July, 2015, before me, a notary public in and for said State,
personally appeared Michael J. Zieg, known to me to be the Executive Vice
President of STORE MASTER FUNDING VI, LLC, and also known to me to be the person
who executed it on behalf of such entity, and acknowledged to me that such
entity executed the within instrument.

IN WITNESS WHEREOF, I have hereunto set my hand and affixed my official seal the
day and year in this certificate first above written.

/s/ Susan M. Fitzgerald
Notary Public

 [Notarial Seal]

 

 

First Amendment to the Fourth Amended and Restated Property Management Agreement
- STORE 2015-1

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STATE OF NEW YORK)

)ss.:

COUNTY OF NEW YORK)

On the 1st day of July, 2015, before me, a notary public in and for said State,
personally appeared John Hannon, known to me to be the Vice President of
CITIBANK, N.A., and also known to me to be the person who executed it on behalf
of such entity, and acknowledged to me that such entity executed the within
instrument.

IN WITNESS WHEREOF, I have hereunto set my hand and affixed my official seal the
day and year in this certificate first above written.

/s/ Noreen Santos
Notary Public

 

[Notarial Seal]

 

First Amendment to the Fourth Amended and Restated Property Management Agreement
- STORE 2015-1

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STATE OF ARIZONA)

)ss.:

COUNTY OF MARICOPA)

On the 7 day of July, 2015, before me, a notary public in and for said State,
personally appeared Michael J. Zieg, known to me to be the Executive Vice
President of STORE CAPITAL CORPORATION, and also known to me to be the person
who executed it on behalf of such entity, and acknowledged to me that such
entity executed the within instrument.

IN WITNESS WHEREOF, I have hereunto set my hand and affixed my official seal the
day and year in this certificate first above written.

 

/s/ Susan M. Fitzgerald
Notary Public

 

[Notarial Seal]

 

 

First Amendment to the Fourth Amended and Restated Property Management Agreement
- STORE 2015-1

 

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STATE OF KANSAS)

)ss.:

COUNTY OF JOHNSON)

On the 1st day of July, 2015, before me, a notary public in and for said State,
personally appeared Cynthia A. Bicknell,  known to me to be the Senior Vice
President of MIDLAND LOAN SERVICES, A DIVISION OF PNC BANK, NATIONAL
ASSOCIATION, and also known to me to be the person who executed it on behalf of
such entity, and acknowledged to me that such entity executed the within
instrument.

IN WITNESS WHEREOF, I have hereunto set my hand and affixed my official seal the
day and year in this certificate first above written.

/s/ Brent Kinder
Notary Public

 

[Notarial Seal]

 

 

First Amendment to the Fourth Amended and Restated Property Management Agreement
- STORE 2015-1

 

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