Document:

Exhibit

Exhibit 10.2

CERTAIN CONFIDENTIAL MATERIAL APPEARING IN THIS DOCUMENT, MARKED BY [*****] HAS BEEN OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION PURSUANT TO RULE 24b-2 PROMULGATED UNDER THE SECURITIES EXCHANGE ACT OF 1934, AS AMENDED

FOURTH AMENDMENT TO
AMENDED AND RESTATED
CO-BRANDED MASTERCARD CARD PROGRAM AGREEMENT

THIS FOURTH AMENDMENT TO AMENDED AND RESTATED CO-BRANDED MASTERCARD CARD PROGRAM AGREEMENT (this “Amendment”), effective as of August 3, 2018 (the “Effective Date”), is made by and between GreenSky, LLC (f/k/a GreenSky Trade Credit, LLC), a Georgia limited liability company (“GreenSky”), and Comdata Inc., a Delaware corporation and successor in interest to Comdata Network, Inc., a Maryland corporation (“Comdata”).

RECITALS:

A.    Comdata and GreenSky are parties to that certain Amended and Restated Co-Branded MasterCard Card Program Agreement dated October 15, 2012, as previously amended (the “Agreement”).

B.    The parties desire to amend the Agreement as set forth herein.  Capitalized terms used herein and not otherwise defined will have the respective meanings set forth in the Agreement.

IN CONSIDERATION of the mutual promises contained in this Amendment, and other good and valuable consideration, the receipt and sufficiency of which are acknowledged, GreenSky and Comdata agree to amend the Agreement, effective as of the Effective Date, as follows:

1.Section 4 (a) of the Agreement is hereby amended and the first sentence is replaced with the following:

“The initial term shall commence on the Effective Date and shall continue until December 31, 2022.”

2.    Section 2(h) of the Agreement is hereby deleted in its entirety.

3.    Section 3(d) of the Agreement is hereby deleted in its entirety and replaced with the following:

(d) Incentive Payments.  Comdata shall provide a monthly incentive payment (the “Incentive Payment”) to GreenSky by the 20th day of the month in an amount equal to (i) the aggregate gross MasterCard merchant interchange (which shall not be net of any MasterCard fees or dues or any other offsets or Comdata costs), less (ii) a Comdata service fee (the “Comdata Service Fee”) of [*****] basis points on [*****], and (iii) a Comdata Service Fee as determined in TABLE 1 below on [*****]; provided however [*****]. The Incentive Payment is calculated each month on the previous month's Transactions processed on the MasterCard network net of any Transactions charged back.

TABLE 1

CERTAIN CONFIDENTIAL MATERIAL APPEARING IN THIS DOCUMENT, MARKED BY [*****] HAS BEEN OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION PURSUANT TO RULE 24b-2 PROMULGATED UNDER THE SECURITIES EXCHANGE ACT OF 1934, AS AMENDED

	
		
	Monthly Spend
	Comdata Service Fee

	First Spend up to $[*****]
	[*****] basis points

	Spend from $[*****] to $[*****]
	[*****] basis points

	Spend from $[*****] to $[*****]
	[*****] basis points

	Spend from $[*****] to $[*****]
	[*****] basis points

	Spend greater than $[*****]
	[*****] basis points

4.    Section 3 of the Agreement is hereby amended by adding the following as a new subsection (h) at the end of such section:

“(h)    Comdata will maintain the service level standards set forth on Schedule 3(h) attached hereto.  The parties acknowledge and agree that if Comdata fails to satisfy any of the System Availability service level standards set forth on Schedule 3(h) in any given month, then Comdata will reimburse GreenSky [*****] of the applicable month’s Transaction volume.  In addition, if Comdata fails to satisfy any of the System Availability service level standards set forth on Schedule 3(h) in [*****] or more months during any [*****] month period, then GreenSky may terminate this Agreement upon ninety (90) days’ written notice to Comdata, pursuant to Section 5.  Such penalty and termination rights shall apply as GreenSky’s sole and exclusive remedy for such failure of Comdata to meet the service level standards. 
 
For the avoidance of doubt, any issues caused by [*****] shall not be deemed breaches of the service level standards in Schedule 3(h), and Comdata shall have no reimbursement obligations to GreenSky under this Section 3(h) for any issues arising from such causes.” 

5.    The Agreement is hereby amended by adding Schedule 3(h) attached to this Amendment as a new Schedule 3(h) to the Agreement at the end thereof.

6.    Except as expressly amended or modified hereby, the Agreement remains in full force and effect and is hereby ratified and confirmed by the parties hereto in all respects.  Each reference in the Agreement to “this Agreement” or “hereof”, “hereunder” or words of like import, and each reference in any other document to the Agreement shall mean and be a reference to the Agreement as amended hereby.

[Signature page follows]

CERTAIN CONFIDENTIAL MATERIAL APPEARING IN THIS DOCUMENT, MARKED BY [*****] HAS BEEN OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION PURSUANT TO RULE 24b-2 PROMULGATED UNDER THE SECURITIES EXCHANGE ACT OF 1934, AS AMENDED

IN WITNESS WHEREOF, the parties have entered into this Amendment through their duly authorized representatives:

		
	COMDATA INC.
	GREENSKY, LLC

BY: /s/ Richard N. Fletcher        BY: /s/ Gerald R. Benjamin    

NAME: Richard N. Fletcher        NAME: Gerald R. Benjamin    

TITLE: EVP        TITLE: Vice Chairman    

CERTAIN CONFIDENTIAL MATERIAL APPEARING IN THIS DOCUMENT, MARKED BY [*****] HAS BEEN OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION PURSUANT TO RULE 24b-2 PROMULGATED UNDER THE SECURITIES EXCHANGE ACT OF 1934, AS AMENDED

Schedule 3(h)

Service Level Agreement

Comdata’s commitment is to provide GreenSky with best- in-class transaction processing services and security as it relates to the GreenSky consumer finance programs. Comdata agrees to maintain the following service standards during the term of the agreement.

		
	A.
	[*****]  

		
	B.
	Comdata will make best effort to meet the following response time on issues:

		
	i.
	Initial Support Response – 1 hour

		
	ii.
	Initial Error Status Classification –  1.5 hour

		
	iii.
	Update Frequency after Classification Severity 1 issues when the Card authorization system is completely unavailable – every 1 hour 

		
	C.
	Scheduled Maintenance:  

During scheduled maintenance, core processing and account maintenance functions are not available.  Scheduled maintenance shall be scheduled as follows:
		
	•
	Maintenance and software releases:  3AM-8AM ET

		
	•
	Quarterly Sunday Maintenance: 4AM – 8AM  ET

		
	•
	Every other Wednesday 2-5pm ET non-impactful applications 

		
	•
	Every Tuesday night: 8-12pm ET non–impactful infrastructureExhibit

Exhibit 10.3

CERTAIN CONFIDENTIAL MATERIAL APPEARING IN THIS DOCUMENT, MARKED BY [*****] HAS BEEN OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION PURSUANT TO RULE 24b-2 PROMULGATED UNDER THE SECURITIES EXCHANGE ACT OF 1934, AS AMENDED

AMENDMENT NO. 3
TO SECOND AMENDED AND RESTATED LOAN ORIGINATION AGREEMENT

This AMENDMENT NO. 3 TO SECOND AMENDED AND RESTATED LOAN ORIGINATION AGREEMENT (this “Amendment”), dated as of September 28, 2018 (the “Effective Date”), by and among GreenSky, LLC, a Georgia limited liability company (“Servicer”), GreenSky Servicing, LLC, a Georgia limited liability company (“GreenSky Servicing”), and SunTrust Bank, a Georgia banking corporation (“Lender”).

WITNESSETH:
WHEREAS, Servicer, GreenSky Servicing and Lender previously entered into that certain Second Amended and Restated Loan Origination Agreement (as amended, restated, supplemented or otherwise modified from time to time, the “LOA”), dated as of December 31, 2016;
WHEREAS, Servicer, GreenSky Servicing and Lender desire to amend the LOA to modify certain terms therein; and
WHEREAS, pursuant to Section 7.01 of the LOA, Servicer, GreenSky Servicing and Lender agree to amend the LOA pursuant to the terms and conditions set forth herein;
NOW, THEREFORE, in consideration of the mutual agreements herein contained and other good and valuable consideration, receipt and sufficiency of which are hereby acknowledged by the parties hereto agree as follows:
Section 1.     Definitions.  Capitalized terms not otherwise defined herein shall have the meanings given to them in the LOA.
Section 2.     Amendment to the LOA.
Subject to the satisfaction of the conditions precedent set forth in Section 4 below, the LOA shall be and hereby is amended as follows:
(a)    Section 2.01(a)(ii) of the LOA is hereby amended by deleting the first and second sentences thereof and substituting the following in lieu thereof:

CERTAIN CONFIDENTIAL MATERIAL APPEARING IN THIS DOCUMENT, MARKED BY [*****] HAS BEEN OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION PURSUANT TO RULE 24b-2 PROMULGATED UNDER THE SECURITIES EXCHANGE ACT OF 1934, AS AMENDED

“Subject to Article VI, Lender will fund newly originated Loans for customers identified through the GreenSky® Program that meet the Underwriting Criteria and which meet any other requirements of this Origination Agreement up to a maximum of [*****] ($[*****]) Dollars in aggregate outstanding principal balances held on Lender’s balance sheet at any given time (the “Commitment Amount”).  Lender and Servicer shall mutually agree in writing to any further increase in the Commitment Amount above [*****] ($[*****]) Dollars.”  
(b)    Section 3.01(a) of the LOA is hereby amended by adding the following as a new subsection (iv) immediately after subsection (iii) thereof:
“(iv)    Certain Information regarding the GreenSky® Program.  [*****]”
(c)    Schedule C to the LOA is hereby amended by adding the following at the end thereof:
“[*****]”
Section 3.     Representations of Servicer, GreenSky Servicing and Lender.  Each of Servicer, GreenSky Servicing and Lender hereby represents and warrants to the parties hereto that as of the date hereof each of the representations and warranties contained in the LOA are true and correct as of the date hereof and after giving effect to this Amendment (except to the extent that such representations and warranties expressly refer to an earlier date, in which case they are true and correct as of such earlier date).
Section 4.    Conditions Precedent.  The effectiveness of this Amendment is subject to the receipt by the parties hereto of a fully executed counterpart of this Amendment from each party. 
Section 5.    Amendment.  The parties hereto hereby agree that the provisions and effectiveness of this Amendment shall apply to the LOA as of the date hereof.  Except as amended by this Amendment, the LOA remains unchanged and in full force and effect.  This Amendment shall constitute a transaction document.
Section 6.    Counterparts.  This Amendment may be executed by the parties in separate counterparts, each of which when so executed and delivered shall be an original, but all such counterparts shall together constitute but one and the same instrument. The delivery of an 

2

CERTAIN CONFIDENTIAL MATERIAL APPEARING IN THIS DOCUMENT, MARKED BY [*****] HAS BEEN OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION PURSUANT TO RULE 24b-2 PROMULGATED UNDER THE SECURITIES EXCHANGE ACT OF 1934, AS AMENDED

executed counterpart hereof by facsimile or .pdf shall constitute delivery of an executed counterpart hereof.
Section 7.    Captions.  The headings of the Sections of this Amendment are for convenience of reference only and shall not modify, define, expand or limit any of the terms or provisions of this Amendment.
Section 8.    Successors and Assigns.  The terms of this Amendment shall be binding upon, and shall inure to the benefit of the parties and their respective successors and permitted assigns.
Section 9.    Severability.  Any provision of this Amendment which is prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining provisions, and any such prohibition or unenforceability in any jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction.
SECTION 10.    GOVERNING LAW.  THIS AMENDMENT SHALL BE CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF GEORGIA, WITHOUT REFERENCE TO ITS CONFLICT OF LAW PROVISIONS, AND THE OBLIGATIONS, RIGHTS AND REMEDIES OF THE PARTIES HEREUNDER SHALL BE DETERMINED IN ACCORDANCE WITH SUCH LAWS.

[Signatures appear on following page.]

3

CERTAIN CONFIDENTIAL MATERIAL APPEARING IN THIS DOCUMENT, MARKED BY [*****] HAS BEEN OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION PURSUANT TO RULE 24b-2 PROMULGATED UNDER THE SECURITIES EXCHANGE ACT OF 1934, AS AMENDED

IN WITNESS WHEREOF, Servicer, Lender and GreenSky Servicing have each caused this Amendment to be duly executed by their respective duly authorized officers as of the Effective Date.
GREENSKY, LLC

By: /s/ Timothy D. Kaliban    
Name: Timothy D. Kaliban
Title:   President

GREENSKY SERVICING, LLC

By: /s/ Timothy D. Kaliban    
Name: Timothy D. Kaliban
Title:   President

SUNTRUST BANK

By: /s/ Ivo Vissenberg    
Name: Ivo Vissenberg
Title:  Managing Attorney
October 01, 2018

Signature Page to Amendment No. 3
 to Second Amended and Restated 
Loan Origination Agreement

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00289-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00289-of-00352.parquet"}]]