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FIRST AMENDMENT TO LOAN AGREEMENT FIRST AMENDMENT TO LOAN AGREEMENT, dated as of
February 2, 2018 (this “Agreement”), to that certain Term Loan Agreement, dated
as of May 8, 2015 (as amended, restated, extended, supplemented or otherwise
modified in writing from time to time, the “Loan Agreement”), among CIM
Commercial Trust Corporation (the “Borrower”), certain subsidiaries of the
Borrower from time to time as guarantors, the lenders from time to time party
thereto, and Wells Fargo Bank, National Association, as Administrative Agent.
Capitalized terms used herein and not otherwise defined herein shall have the
meanings assigned to such terms in the Loan Agreement. WHEREAS, the Borrower and
the Required Lenders propose to amend various provisions of the Loan Agreement.
NOW THEREFORE, for good and valuable consideration, the receipt and sufficiency
of which is hereby acknowledged, the parties hereto agree as follows: SECTION 1.
Amendments to Loan Agreement. Subject to all of the terms and conditions set
forth in this Agreement, clauses (i) and (ii) of Section 8.01(e) of the Loan
Agreement are hereby amended and restated in their entirety as follows: (i) Any
Company (A) fails to make any payment when due (whether by scheduled maturity,
required prepayment, acceleration, demand, or otherwise) in respect of any
Recourse Debt or Guarantee of Recourse Debt (other than Indebtedness hereunder
and Indebtedness under Swap Contracts) having an aggregate principal amount
(including undrawn committed or available amounts and including amounts owing to
all creditors under any combined or syndicated credit arrangement), individually
or in the aggregate with all other Indebtedness as to which such a failure
exists, of more than the Threshold Amount for Recourse Debt, or (B) fails to
observe or perform any other agreement relating to any Recourse Debt or
Guarantee of Recourse Debt having an aggregate principal amount (including
undrawn committed or available amounts and including amounts owing to all
creditors under any combined or syndicated credit arrangement), individually or
in the aggregate with all other Indebtedness as to which such a failure exists,
of more than the Threshold Amount for Recourse Debt or contained in any
instrument or agreement evidencing, securing or relating thereto, the effect of
which default is to cause, or to permit the holder or holders of such
Indebtedness or the beneficiary or beneficiaries of such Guarantee (or a trustee
or agent on behalf of such holder or holders or beneficiary or beneficiaries) to
cause, with the giving of notice if required, such Indebtedness to be demanded
or to become due or to be repurchased, prepaid, defeased or redeemed
(automatically or otherwise), or an offer to repurchase, prepay, defease or
redeem such Indebtedness to be made, prior to its stated maturity, or such
Guarantee to become payable or cash collateral in respect thereof to be
demanded; (ii) Any Company (A) fails to make any payment when due (whether by
scheduled maturity, required prepayment, acceleration, demand, or otherwise) in
respect of any Non-Recourse Debt or Guarantee of Non-Recourse Debt having an
aggregate

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2 principal amount (including undrawn committed or available amounts and
including amounts owing to all creditors under any combined or syndicated credit
arrangement), individually or in the aggregate with all other Indebtedness as to
which such a failure exists, of more than the Threshold Amount for Non-Recourse
Debt, or (B) fails to observe or perform any other agreement relating to any
Non-Recourse Debt or Guarantee of Non-Recourse Debt having an aggregate
principal amount (including undrawn committed or available amounts and including
amounts owing to all creditors under any combined or syndicated credit
arrangement), individually or in the aggregate with all other Indebtedness as to
which such a failure exists, of more than the Threshold Amount for Non-Recourse
Debt or contained in any instrument or agreement evidencing, securing or
relating thereto, the effect of which default is to cause, or to permit the
holder or holders of such Indebtedness or the beneficiary or beneficiaries of
such Guarantee (or a trustee or agent on behalf of such holder or holders or
beneficiary or beneficiaries) to cause, with the giving of notice if required,
such Indebtedness to be demanded or to become due or to be repurchased, prepaid,
defeased or redeemed (automatically or otherwise), or an offer to repurchase,
prepay, defease or redeem such Indebtedness to be made, prior to its stated
maturity, or such Guarantee to become payable or cash collateral in respect
thereof to be demanded; or SECTION 2. Conditions to Effectiveness. This
Agreement shall not become effective until the date on which the Administrative
Agent shall have received counterparts of this Agreement duly executed by each
of the Loan Parties, the Administrative Agent and the Required Lenders. SECTION
3. Representations and Warranties. Each of the Loan Parties reaffirms and
restates the representations and warranties made by it in Sections 5.01, 5.02,
5.03 and 5.04 of the Loan Agreement, in each case, after giving effect to the
amendments to the Loan Agreement contemplated hereby, and all such
representations and warranties are true and correct in all material respects on
the date of this Agreement with the same force and effect as if made on such
date (except to the extent (i) such representations and warranties expressly
relate to an earlier date, in which case such representations and warranties
shall be true and correct as of such earlier date and (ii) any representation or
warranty that is already by its terms qualified as to “materiality”, “Material
Adverse Effect” or similar language shall be true and correct in all respects
after giving effect to such qualification). Each of the Loan Parties
additionally represents and warrants (which representations and warranties shall
survive the execution and delivery hereof) to the Administrative Agent and the
Lenders that: (a) it has the power and authority to execute, deliver and perform
this Agreement and the transactions contemplated hereby and has taken or caused
to be taken all necessary action to authorize the execution, delivery and
performance of this Agreement and the transactions contemplated hereby; (b) no
consent of any Person (including, without limitation, any of its equity holders
or creditors), and no action of, or filing with, any governmental or public body
or authority is required to authorize, or is otherwise required in connection
with, the execution, delivery and performance of this Agreement;

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3 (c) this Agreement has been duly executed and delivered on its behalf by a
duly authorized officer, and constitutes its legal, valid and binding obligation
enforceable in accordance with its terms, subject to bankruptcy, reorganization,
insolvency, reorganization, moratorium and other similar laws affecting
creditors’ rights generally and general equitable principles relating to
enforceability (regardless of whether enforcement is sought at law or equity);
(d) no Default or Event of Default has occurred and is continuing; and (e) the
execution, delivery and performance of this Agreement will not (i) conflict with
or result in any breach or contravention of, or the creation of any Lien under,
or require any payment to be made under (A) any Contractual Obligation to which
such Company is a party or affecting such Company or the properties of such
Company or (B) any order, injunction, writ or decree of any Governmental
Authority or any arbitral award to which such Person or its property is subject;
or (ii) violate any Law. SECTION 4. Affirmation of Guarantors. Each Guarantor
hereby approves and consents to this Agreement and the transactions contemplated
by this Agreement and agrees and affirms that its guarantee of the Obligations
continues to be in full force and effect and is hereby ratified and confirmed in
all respects and shall apply to the Loan Agreement and all of the other Loan
Documents, as such are amended, restated, supplemented or otherwise modified
from time to time in accordance with their terms. SECTION 5. Costs and Expenses.
The Borrower acknowledges and agrees that its payment obligations set forth in
Section 11.04 of the Loan Agreement include the costs and expenses incurred by
the Administrative Agent in connection with the preparation, execution and
delivery of this Agreement and any other documentation contemplated hereby
(whether or not this Agreement becomes effective or the transactions
contemplated hereby are consummated and whether or not a Default or Event of
Default has occurred or is continuing), including, but not limited to, the
reasonable fees and disbursements of Jones Day, counsel to the Administrative
Agent. SECTION 6. Ratification. (a) The Loan Agreement, as amended by this
Agreement, and the other Loan Documents remain in full force and effect and are
hereby ratified and affirmed by the Loan Parties. Each of the Loan Parties
hereby (i) confirms and agrees that the Borrower is truly and justly indebted to
the Administrative Agent and the Lenders in the aggregate amount of the
Obligations without defense, counterclaim or offset of any kind whatsoever, and
(ii) reaffirms and admits the validity and enforceability of the Loan Agreement,
as amended by this Agreement, and the other Loan Documents. (b) This Agreement
shall be limited precisely as written and, except as expressly provided herein,
shall not be deemed (i) to be a consent granted pursuant to, or a waiver,
modification or forbearance of, any term or condition of the Loan Agreement, any
other Loan Document or any of the instruments or agreements referred to in any
thereof or a waiver of any Default or Event of Default, whether or not known to
the Administrative Agent or any of the

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4 Lenders, or (ii) to prejudice any right or remedy which the Administrative
Agent or any of the Lenders may now have or have in the future against any
Person under or in connection with the Loan Agreement, any of the instruments or
agreements referred to therein or any of the transactions contemplated thereby.
SECTION 7. Modifications. Neither this Agreement, nor any provision hereof, may
be waived, amended or modified except pursuant to an agreement or agreements in
writing entered into by the parties hereto. SECTION 8. References. The Loan
Parties acknowledge and agree that this Agreement constitutes a Loan Document.
Each reference in the Loan Agreement to “this Agreement,” “hereunder,” “hereof,”
“herein,” or words of like import, and each reference in each other Loan
Document (and the other documents and instruments delivered pursuant to or in
connection therewith) to the “Loan Agreement”, “thereunder”, “thereof” or words
of like import, shall mean and be a reference to the Loan Agreement as modified
hereby and as each may in the future be amended, restated, supplemented or
modified from time to time. SECTION 9. Counterparts. This Agreement may be
executed by the parties hereto individually or in combination, in one or more
counterparts, each of which shall be an original and all of which shall
constitute one and the same agreement. Delivery of an executed counterpart of a
signature page by telecopier or electronic mail (in a .pdf format) shall be
effective as delivery of a manually executed counterpart. SECTION 10. Successors
and Assigns. The provisions of this Agreement shall be binding upon and inure to
the benefit of the parties hereto and their respective successors and assigns.
SECTION 11. Severability. If any provision of this Agreement shall be held
invalid or unenforceable in whole or in part in any jurisdiction, such provision
shall, as to such jurisdiction, be ineffective to the extent of such invalidity
or enforceability without in any manner affecting the validity or enforceability
of such provision in any other jurisdiction or the remaining provisions of this
Agreement in any jurisdiction. SECTION 12. Governing Law. THIS AGREEMENT AND ANY
CLAIMS, CONTROVERSY, DISPUTE OR CAUSE OF ACTION (WHETHER IN CONTRACT OR TORT OR
OTHERWISE) BASED UPON, ARISING OUT OF OR RELATING TO THIS AGREEMENT AND THE
TRANSACTIONS CONTEMPLATED HEREBY SHALL BE GOVERNED BY, AND CONSTRUED IN
ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK. SECTION 13. Headings. Section
headings in this Agreement are included for convenience of reference only and
are not to affect the construction of, or to be taken into consideration in
interpreting, this Agreement. [The remainder of this page left blank
intentionally]

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