Document:

Document

 
Amendment to the
Employment Agreement
This Amendment to the Employment Agreement (the “Amendment”) is made and entered into as of September 4, 2020, by and between Flagstar Bancorp, Inc., a Michigan corporation (the “Company”), Flagstar Bank, FSB, a federally chartered savings bank and wholly-owned subsidiary of the Company (the “Bank” and, together with the Company, “Flagstar”) and Lee Smith (the “Executive”).  The Company, the Bank and Executive are referred to collectively as the “Parties” and individually as a “Party.”
WHEREAS, the Parties previously entered into an amended and restated employment agreement dated as of May 21, 2019 (the “Employment Agreement”); and
WHEREAS, Flagstar and the Executive have mutually agreed that the Chief Operating Officer position as set forth in the Employment Agreement will be eliminated, and that the Executive will immediately thereafter assume the role of President of Mortgage, reporting directly to the Chief Executive Officer of Flagstar; and
WHEREAS, the Parties have further agreed that the terms of employment as set forth under the Employment Agreement shall continue in the Executive’s new role as President of Mortgage; and 
WHEREAS, the Parties hereto desire to amend the Employment Agreement on the terms and subject to the conditions set forth herein.  
NOW, THEREFORE, in consideration of the mutual covenants, promises, and obligations set forth herein, and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties agree as follows:
 
1.Definitions.  Capitalized terms used and not defined in this Amendment have the respective meanings assigned to them in the Employment Agreement.
2.Amendment to the Employment Agreement.  As of the Effective Date (defined below), the Employment Agreement is hereby amended or modified as follows:
2.1Section 2.1 is hereby deleted in its entirety and replaced with the following:
“2.1.  Position.  During the Employment Term, Executive shall serve as the President of Mortgage of the Bank.”
3.Executive hereby agrees that the foregoing amendment to Section 2.1 shall not be considered “Good Reason” within the meaning of Section 5.1(c )(iii) of the Employment Agreement.  
4.Delivery of Exhibit B.  Executive represents and warrants that Executive has executed and delivered to Flagstar a copy of Exhibit B as attached to the Employment Agreement.
 
 
5.Date of Effectiveness; Limited Effect. This Amendment shall be effective as of September 4, 2020 (the "Effective Date"). Except as expressly provided in this Amendment, all of the terms and provisions of the Employment Agreement are and will remain in full force and effect and are hereby ratified and confirmed by the Parties. Without limiting the generality of the foregoing, the amendment contained herein will not be construed as an amendment to or waiver of any other provision of the Employment Agreement or as a waiver of or consent to any further 

or future action on the part of either Party that would require the waiver or consent of the other Party. On and after the Effective Date, each reference in the Employment Agreement to "this Agreement," "the Agreement," "hereunder," "hereof," "herein" or words of like import, and each reference to the Employment Agreement in any other agreements, documents or instruments executed and delivered pursuant to, or in connection with, the Employment Agreement, will mean and be a reference to the Employment Agreement as amended by this Amendment.
6.Miscellaneous.
6.1The headings in this Amendment are for reference only and do not affect the interpretation of this Amendment.
6.2This Amendment may be executed in counterparts, each of which is deemed an original, but all of which constitutes one and the same agreement. Delivery of an executed counterpart of this Amendment electronically or by facsimile shall be effective as delivery of an original executed counterpart of this Amendment.
6.3This Amendment together with the Employment Agreement constitute the sole and entire agreement of the Parties with respect to the subject matter contained herein, and supersedes all prior and contemporaneous understandings, agreements, representations and warranties, both written and oral, with respect to such subject matter.

IN WITNESS WHEREOF, the Parties have executed this Amendment to the Employment Agreement as of the date first above written.

			
	FLAGSTAR BANCORP, INC.
	/s/Christine M. Reid   
	By: Christine M. Reid
	Title: First Vice President / Secretary
	
	FLAGSTAR BANK, FSB.
	/s/Christine M. Reid
	By: Christine M. Reid
	Title: First Vice President / Secretary
	
	EXECUTIVE
	/s/Lee Smith   
	Name: Lee Smith

 

 
2Document

Exhibit 4.63

SUPPLEMENTAL INDENTURE, dated as of October 19, 2021 (this “Supplemental Indenture”), by and among Scientific Games International, Inc., a Delaware corporation (the “Company”), the Guarantors (as defined in the indenture referred to herein), SGP Holdco, Inc., a Delaware corporation (the “Additional Guarantor”), and Deutsche Bank Trust Company Americas, a New York banking corporation, as trustee and collateral agent (the “Trustee”).
WHEREAS, the Company, the original Guarantors and the Trustee executed an Indenture, dated as of October 17, 2017, as amended and supplemented (the “Indenture”), relating to the Company’s 5.000% Senior Secured Notes due 2025;
WHEREAS, under certain circumstances, Section 10.17 of the Indenture requires the Company to cause each of the Company’s Restricted Subsidiaries to execute and deliver to the Trustee a supplemental indenture and thereby become a Guarantor bound by the Guarantee of the Securities on the terms set forth in Article Ten of the Indenture;
WHEREAS, pursuant to Section 9.01 of the Indenture, the Trustee is authorized to execute and deliver this Supplemental Indenture; and
WHEREAS, except as otherwise defined herein in this Supplemental Indenture, capitalized terms used in this Supplemental Indenture have the meanings specified in the Indenture;
NOW, THEREFORE, in consideration of the above premises, each party agrees, for the benefit of the other parties and for the equal and ratable benefit of the Holders of the Securities, as follows:
ARTICLE ONE

AMENDMENT
Section 1.01.  Amendment.  The Additional Guarantor hereby agrees to become a Guarantor bound by the Guarantee of the Securities on the terms set forth in Article Ten of the Indenture. 
ARTICLE TWO

MISCELLANEOUS PROVISIONS
Section 2.01.  Indenture.  Except as amended hereby, the Indenture and the Securities are in all respects ratified and confirmed and all their terms shall remain in full force and effect.
Section 2.02.  Trustee’s Disclaimer.  The Trustee shall not be responsible for or in respect of the validity or sufficiency of this Supplemental Indenture or for or in respect of the recitals contained herein, all of which recitals are made solely by the Company and the Additional Guarantor.
Section 2.03.  Governing Law.  THIS SUPPLEMENTAL INDENTURE SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK, BUT WITHOUT GIVING EFFECT TO APPLICABLE PRINCIPLES OF CONFLICTS OF LAWS TO THE EXTENT THAT THE APPLICATION OF THE LAW OF ANOTHER JURISDICTION WOULD BE REQUIRED THEREBY.
Section 2.04.  Counterparts.  This Supplemental Indenture may be executed in any number of counterparts, each of which shall be an original, but all of them together shall represent the same agreement.
Section 2.05.  Headings.  The Article and Section headings in this Supplemental Indenture are for convenience only and shall not affect the construction of this Supplemental Indenture.
(REMAINDER OF PAGE INTENTIONALLY LEFT BLANK)

 

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

												
		Company:
				
		SCIENTIFIC GAMES INTERNATIONAL, INC.
				
		By:	/s/ Patrick J. McHugh

			Name: 	Patrick J. McHugh
			Title:  	President and Chief Executive Officer, 

				Secretary and Treasurer

				
		Additional Guarantor:
				
		SGP HOLDCO, INC.

				
		By:	/s/ Patrick J. McHugh

			Name:	Patrick J. McHugh
			Title:	President, Secretary and Treasurer
				
		Existing Guarantors:
				
		SCIENTIFIC GAMES CORPORATION
				
		By:	/s/ Constance P. James
			Name:	Constance P. James
			Title:	Executive Vice President, Chief Financial
				Officer, Treasurer and Corporate Secretary

        

[Signature Page to Supplemental Indenture – 2025 Senior Secured Notes]

 

												
		SG GAMING, INC.
				
		By:	/s/ Matthew Wilson

			Name: 	Matthew Wilson

			Title:  	President, Treasurer and Secretary
				
		SG GAMING NORTH AMERICA, INC.

				
		By:	/s/ Patrick J. McHugh

			Name:	Patrick J. McHugh
			Title:	President
				
		DON BEST SPORTS CORPORATION
				
		By:	/s/ Jordan Levin

			Name:	Jordan Levin

			Title:	President, Treasurer and Secretary
				
		MDI ENTERTAINMENT, LLC
				
		By:	Scientific Games International, Inc., its sole member/manager
				
		By:	/s/ Patrick J. McHugh

			Name:	Patrick J. McHugh
			Title:	President and Chief Executive Officer, 
				Secretary and Treasurer
				
		SCIENTIFIC GAMES NEW JERSEY, LLC
				
		By:	Scientific Games International, Inc., its sole member/manager
				
		By:	/s/ Patrick J. McHugh

			Name:	Patrick J. McHugh
			Title:	President and Chief Executive Officer,
				Secretary and Treasurer

[Signature Page to Supplemental Indenture – 2025 Senior Secured Notes]

												
		NYX DIGITAL GAMING (USA), LLC
				
		By:	Scientific Games Corporation, its sole member
				
		By:	/s/ Constance P. James

			Name: 	Constance P. James
			Title:  	Executive Vice President, Chief Financial 
				Officer, Treasurer and Corporate Secretary

				
		SCIENTIFIC GAMES, INC.
				
		By:	/s/ Patrick J. McHugh

			Name:	Patrick J. McHugh
			Title:	President, Secretary and Treasurer
				
		SCIENTIFIC GAMES PRODUCTS, LLC
				
		By:	SGP Holdco, Inc., its sole member
				
		By:	/s/ Patrick J. McHugh

			Name:	Patrick J. McHugh
			Title:	President, Secretary and Treasurer

[Signature Page to Supplemental Indenture – 2025 Senior Secured Notes]

												
		Trustee:
				
		DEUTSCHE BANK TRUST COMPANY AMERICAS
				
		By:	/s/ Chris Niesz                                                                        

		Printed Name: 	Chris Niesz
		Its: Authorized Signatory
				
		By:	/s/ Sebastian Hidalgo                                                              

		Printed Name:	Sebastian Hidalgo
		Its: Authorized Signatory

[Signature Page to Supplemental Indenture – 2025 Senior Secured Notes]

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