Document:

First Amendment to Senior Secured Loan Agreement

 Exhibit 10.1 
 FIRST AMENDMENT TO SENIOR SECURED LOAN AGREEMENT 
 This FIRST AMENDMENT TO
SENIOR SECURED LOAN AGREEMENT (this “Amendment”), dated as of March 18, 2011 is entered into by and among (1) WILLIAM LYON HOMES, INC., a California corporation (the “Borrower”), (2) the lenders party
to the Loan Agreement (described below) from time to time (the “Lenders”), and (3) COLFIN WLH FUNDING, LLC, as Administrative Agent, with respect to the following: 

A. The Borrower, the Administrative Agent and the Lenders have previously entered into that certain Senior Secured Term Loan Agreement
dated as of October 20, 2009 (the “Existing Loan Agreement” and as the same may be amended, restated, supplemented or otherwise modified and in effect from time to time, the “Loan Agreement”). Capitalized terms
are used in this Amendment as defined in the Loan Agreement, unless otherwise defined herein. 
 B. The Borrower and the Lenders
have agreed to make certain amendments to the Existing Loan Agreement as described below. 
 NOW, THEREFORE, for good and
valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto hereby agree as follows: 
 1. Effectiveness. The effectiveness of the provisions in Section 2 of this Amendment is subject to the satisfaction of the conditions further described in Section 3 of this
Amendment. 
 2. Tangible Net Worth. Section 7.15 of the Existing Loan Agreement is hereby amended and
restated in its entirety as follows: 
 “7.15 TANGIBLE NET WORTH. (a) From, and including, the Closing Date through,
but excluding, December 31, 2010, permit Tangible Net Worth to be less than $75,000,000 at the end of any fiscal quarter, (b) from, and including, December 31, 2010 through, but excluding December 31, 2011, permit Tangible Net
Worth to be less than $75,000,000 at the end of any two consecutive fiscal quarters, and (c) thereafter, permit Tangible Net Worth to be less than $75,000,000 at the end of any fiscal quarter.” 

3. Conditions Precedent to the Effectiveness of this Amendment. The effectiveness of the provisions contained in
Section 2 above is conditioned upon, and such provisions shall not be effective until, each of the following conditions has been satisfied unless any such condition has been waived in writing by the Majority Lenders (the first date on which all
of the following conditions have been satisfied or waived in writing being referred to herein as the “Amendment Effective Date”): 
 (a) The Administrative Agent shall have received, on behalf of the Lenders, this Amendment, duly executed and delivered by the Borrower, the Administrative Agent and the Majority Lenders. 

4. Borrower Representations and Warranties. In order to induce the Administrative Agent and the Lenders to enter into this
Amendment and amend the Existing 

 
Loan Agreement in the manner provided in this Amendment, the Borrower represents and warrants to the Administrative Agent and each Lender as follows: 

(a) Power and Authority. The Borrower has all requisite corporate power and authority to enter into this Amendment and to carry
out the transactions contemplated by, and perform its obligations under, the Existing Loan Agreement as amended by this Amendment (hereafter referred to as the “Amended Loan Agreement”). 

(b) Authorization of Agreements. The execution and delivery of this Amendment by the Borrower and the performance of the Amended
Loan Agreement by the Borrower have been duly authorized by all necessary action, and this Amendment has been duly executed and delivered by the Borrower. 
 (c) Enforceability. Each of this Amendment and the Amended Loan Agreement constitutes the legal, valid and binding obligation of the Borrower enforceable against the Borrower in accordance with its
terms, except as may be limited by bankruptcy, insolvency or other similar laws affecting the enforcement of creditors’ rights in general. The enforceability of the obligations of the Borrower hereunder is subject to general principles of
equity (regardless of whether such enforceability is considered in a proceeding in equity or at law). 
 (d) No Conflict
– Borrower. The execution and delivery by the Borrower of this Amendment and the performance by the Borrower of each of this Amendment and the Amended Loan Agreement do not and will not (i) contravene, in any material respect, any
provision of any law, regulation, decree, ruling, judgment or order that is applicable to the Borrower or its properties or other assets, (ii) result in a breach of or constitute a default under the charter, bylaws or other organizational
documents of the Borrower or any material agreement, indenture, lease or instrument binding upon the Borrower or its properties or other assets or (iii) result in the creation or imposition of any Liens on its properties other than as permitted
under the Loan Agreement. 
 (e) No Conflict – Parent. The execution, delivery and performance by Parent of the
acknowledgement/consent/agreement attached to this Amendment do not and will not (i) contravene, in any material respect, any provision of any law, regulation, decree, ruling, judgment or order that is applicable to Parent or its properties or
other assets, (ii) result in a breach of or constitute a default under the charter, bylaws or other organizational documents of Parent or any material agreement, indenture, lease or instrument binding upon Parent or its properties or other
assets or (iii) result in the creation or imposition of any Liens on its properties other than as permitted under the Loan Agreement. 
 (f) Governmental Consents. No authorization or approval or other action by, and no notice to or filing with, any governmental authority or regulatory body is required for the due execution,
delivery and performance by the Borrower of this Amendment. 
 5. Lender Representations and Warranties. ColFin
WLH Funding, LLC (“ColFin”) represents and warrants to the Borrower as follows: 

  
 2 

 (a) Power and Authority. ColFin has all requisite limited liability company power
and authority to enter into this Amendment. 
 (b) Authorization of Agreements. The execution and delivery of this
Amendment by ColFin have been duly authorized by all necessary action, and this Amendment has been duly executed and delivered by ColFin. 
 6. Miscellaneous. 
 (a) Reference to and Effect on the Loan
Agreement and the other Loan Documents. 
 (i) Except as specifically modified by this Amendment, the Existing Loan
Agreement and the other Loan Documents shall remain in full force and effect and are hereby ratified and confirmed by the Borrower in all respects. 
 (ii) The execution and delivery of this Amendment and performance of the Amended Loan Agreement shall not, except as expressly provided herein, constitute a waiver of any provision of, or operate as a
waiver of any right, power or remedy of the Administrative Agent or the Lenders under, the Existing Loan Agreement, the Amended Loan Agreement or any of the other Loan Documents. 

(iii) Upon the conditions precedent set forth herein being satisfied, this Amendment shall be construed as one with the Existing Loan
Agreement, and the Existing Loan Agreement shall, where the context requires, be read and construed throughout so as to incorporate this Amendment, and any reference to the “Loan Agreement” in any of the Loan Documents shall be deemed to
reference the Amended Loan Agreement. 
 (iv) If there is any conflict between the terms and provisions of this Amendment and
the terms and provisions of the Amended Loan Agreement or any other Loan Document, the terms and provisions of this Amendment shall govern. 
 (b) Expenses. The Borrower acknowledges that all costs and expenses of the Administrative Agent incurred in connection with this Amendment will be paid by the Borrower in accordance with
Section 11.04 of the Existing Loan Agreement. 
 (c) Headings. Section and subsection headings in this Amendment
are included for convenience of reference only and shall not constitute a part of this Amendment for any other purpose or be given any substantive effect. 
 (d) Counterparts. This Amendment may be executed in any number of identical counterparts, any set of which signed by all the parties hereto shall be deemed to constitute a complete, executed
original for all purposes. Transmission by telecopier of an executed counterpart of this Amendment shall be deemed to constitute due and sufficient delivery of such counterpart. 

  
 3 

 (e) Incorporation by Reference. The provisions of Sections 11.14 through 11.16 of
the Loan Agreement are hereby incorporated by reference, mutatis mutandis, as if set forth in full herein. 
 7. Loan
Documents. This Amendment is a Loan Document as defined in the Loan Agreement, and the provisions of the Loan Agreement generally applicable to Loan Documents are applicable hereto and incorporated herein by this reference. 

[This Space Intentionally Left Blank] 

  
 4 

 IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed as of
the date first above written. 
  

			
	WILLIAM LYON HOMES, INC., a California corporation
		
	By:	 	 /s/ Matthew R. Zaist

	Name:	 	 Matthew R. Zaist

	Title:	 	 Executive Vice President

[Signature Page to First Amendment to Loan Agreement] 

 
			
	COLFIN WLH FUNDING, LLC, as Administrative Agent and on behalf of all Lenders
		
	By:	 	 /s/ Mark M. Hedstrom

	Name:	 	 Mark M. Hedstrom

	Title:	 	 V.P.

 [Signature Page to First Amendment to Loan Agreement] 

 Acknowledgement, Consent and Agreement of Parent 

Parent, by its execution below, confirms and agrees that the Unconditional Guaranty executed by it in favor of the Administrative Agent
and the Lenders shall remain in full force and effect in accordance with its terms. 
  

			
	 WILLIAM LYON HOMES,
 a Delaware corporation

		
	By:	 	 /s/ Matthew R. Zaist

	Name:	 	 Matthew R. Zaist

	Title:	 	 Executive Vice President

		
	By:	 	 /s/ Colin T. Severn

	Name:	 	 Colin T. Severn

	Title:	 	 Vice President and Chief Financial Officer

[Signature Page to First Amendment to Loan Agreement]Specimen Certificate evidencing the Registrant's Class A shares

 Exhibit 4.1 

 

 

 APOLLO GLOBAL MANAGEMENT, LLC 

ORGANIZED UNDER THE LAWS OF THE STATE OF DELAWARE 
 A 
 CLASS A COMMON SHARES WITHOUT PAR VALUE

 CUSIP 000000 00 0 
 SEE REVERSE FOR CERTAIN DEFINITIONS 
 THIS
CERTIFIES THAT 
 is the registered holder of 

FULLY PAID AND NON-ASSESSABLE CLASS A COMMON SHARES, WITHOUT PAR VALUE, OF APOLLO GLOBAL MANAGEMENT, LLC 

a Delaware limited liability company (the “Company”) transferable only on the books of the Company by the holder
hereof in person or by duly authorized Attorney upon surrender of this Certificate properly endorsed. This Certificate is not valid unless countersigned and registered by the Transfer Agent and Registrar. 

Witness the facsimile seal of the Company and the facsimile signatures of its duly authorized officers. 

Dated: 
 Chief Executive Officer 
 APOLLO GLOBAL MANAGEMENT,
LLC 
 LIMITED LIABILITY COMPANY 
 SEAL DELAWARE 2007 
 Chief Financial Officer

 COUNTERSIGNED AND REGISTERED: 
 AMERICAN STOCK TRANSFER & TRUST COMPANY, LLC 
 BY: 
 (New York, NY) 

TRANSFER AGENT AND REGISTRAR 
 AUTHORIZED SIGNATURE 

 

 

 THE HOLDER OF CLASS A COMMON SHARES, BY ACCEPTANCE OF THIS CERTIFICATE, SHALL BE DEEMED TO
HAVE (A) REQUESTED ADMISSION AS, AND AGREED TO BECOME, A MEMBER OF THE COMPANY, (B) AGREED TO COMPLY WITH, AND BE BOUND BY, THE TERMS OF THE AMENDED AND RESTATED LIMITED LIABILITY COMPANY AGREEMENT (AS AMENDED, SUPPLEMENTED OR RESTATED,
THE “OPERATING AGREEMENT”) OF THE COMPANY, (C) GRANTED THE POWERS OF ATTORNEY PROVIDED FOR IN THE OPERATING AGREEMENT AND (D) MADE THE WAIVERS AND GIVEN THE CONSENTS AND APPROVALS CONTAINED IN THE OPERATING AGREEMENT. THE COMPANY
WILL FURNISH WITHOUT CHARGE TO EACH SHAREHOLDER WHO SO REQUESTS A COPY OF THE OPERATING AGREEMENT 
 The
following abbreviations, when used in the inscription on the face of this certificate, shall be construed as though they were written out in full according to applicable laws or regulations: 

TEN COM – as tenants in common 
 TEN ENT – as tenants by the entireties 
 JT
TEN – as joint tenants with right of survivorship and not as tenants in common 
 UNIF GIFT MIN ACT–
Custodian (Cust) (Minor) under Uniform Gifts to Minors Act (State) 
 Additional Abbreviations may also be used
though not in the above list. 
 For value received, hereby sell, assign and transfer unto 

PLEASE INSERT SOCIAL SECURITY OR OTHER IDENTIFYING NUMBER OF ASSIGNEE 

(PLEASE PRINT OR TYPEWRITE NAME AND ADDRESS, INCLUDING ZIP CODE, OF ASSIGNEE) 

shares of the capital stock represented by the within Certificate, and do hereby irrevocably constitute and appoint

 Attorney to transfer the said shares on the books of the within named Company with full power of substitution
in the premises. 
 Dated 
 Notice: The signature to this assignment must correspond with the name as written upon the face of the certificate in every particular, without alteration or enlargement or any change
whatever. 
 Signature(s) Guaranteed: 
 THE SIGNATURE(S) MUST BE GUARANTEED BY AN ELIGIBLE GUARANTOR INSTITUTION (BANKS, STOCKBROKERS, SAVINGS AND LOAN ASSOCIATIONS AND CREDIT UNIONS WITH MEMBERSHIP IN AN APPROVED SIGNATURE
GUARANTEE MEDALLION PROGRAM, PURSUANT TO S.E.C. RULE 17Ad-15).

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00186-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00186-of-00352.parquet"}]]