Document:

EX-10.18.1

 Exhibit 10.18.1 

 

Certain confidential information contained in this document, marked by brackets, has been omitted because it is both
(i) not material and (ii) would be competitively harmful if publicly disclosed 

 FIRST AMENDMENT TO MASTER REPURCHASE
AGREEMENT 
 This FIRST AMENDMENT TO MASTER REPURCHASE AGREEMENT (this “Amendment”), dated as of July 30, 2020 by
and among FACO CROP LOANS LLC, a Delaware limited liability company (the “Seller”), FACO CROP LOAN FINANCING TRUST C1, a Delaware statutory trust (the “Trust Subsidiary”) and NATIONAL FOUNDERS LP, a Delaware limited
partnership (the “Buyer”). 
 W I T N E S S E T H: 

WHEREAS, the Seller, the Trust Subsidiary and the Buyer are parties to that certain Master Repurchase Agreement, dated as of March 18,
2020 (as amended, restated, amended and restated, supplemented and/or otherwise modified from time to time, the “Repurchase Agreement”; capitalized terms used herein and not otherwise defined shall have the meanings assigned to such
terms in the Repurchase Agreement); 
 WHEREAS, the Seller and the Buyer have agreed to amend certain provisions of the Repurchase Agreement
as set forth herein and subject to the terms and conditions hereof; and 
 NOW THEREFORE, in consideration of the premises, the terms and
conditions contained herein and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties agree as follows: 

1. Amendment to Repurchase Agreement. Section 7 of the Repurchase Agreement, “Increases and Decreases to Maximum Aggregate
Purchase Price; Extension of Termination Date and Availability Period”, is hereby amended and modified by deleting clause (a) therein in its entirety and inserting the following in lieu thereof: 

(a) From time to time, upon the request of Seller, Buyer may, in its sole discretion, increase or decrease the
Maximum Aggregate Purchase Price. Any such request shall (x) be delivered by Seller to Buyer at least five (5) Business Days prior to the end of any calendar month, (y) certify that the conditions set forth in the following sentence
are met and (z) if agreed to by Buyer, take effect on the first day of the next succeeding calendar month. In no event shall the increase (x) exceed [***] of the aggregate maximum principal amount of all Crop Loans that (i) are not
yet funded but, for which, an Approved Originator has received written commitments from the perspective Obligors to borrow up to the applicable maximum principal amount (subject to the terms of the final Crop Loan Document entered into by
such Obligor) and (ii) upon being funded will meet the definition of Eligible Crop Loan or (y) cause the Maximum Aggregate Purchase Price to exceed [***]. To the extent the Maximum Aggregate Purchase Price is increased, Seller shall remit
to Buyer an additional Commitment Fee in an amount equal to the product of (x) the Commitment Fee Percentage and (y) the amount of such increase. The Commitment Fee is non-refundable and to the
extent the Seller 

 
requests a decrease in the Maximum Aggregate Purchase Price, no portion of the Commitment Fee shall be returned to Seller. In addition, any decrease in the Maximum Aggregate Purchase Price shall
result in a repurchase of Contributed Crop Loans to the extent that the outstanding Purchase Price is greater than the Maximum Aggregate Purchase Price as a result of such decrease. 

2. Acknowledgment. Each of the parties hereto hereby acknowledge and agree that the Maximum Aggregate Purchase Price as of the date
hereof is [***]. 
 3. No Other Amendments. The execution, delivery and effectiveness of this Amendment shall not, except as expressly
provided above, operate as a waiver of any right, power or remedy of the Buyer under the Repurchase Agreement or any of the other Transaction Documents, nor constitute a waiver of any provision of the Repurchase Agreement or any of the other
Transaction Documents. Except for the amendments set forth above, the text of the Repurchase Agreement and all other Transaction Documents shall remain unchanged and in full force and effect and each of the Seller and the Trust Subsidiary hereby
ratifies and confirms its obligations thereunder. Except as expressly provided herein, this Amendment shall not constitute a modification of the Repurchase Agreement or a course of dealing with the Buyer at variance with the Repurchase Agreement
such as to require further notice by the Buyer to require strict compliance with the terms of the Repurchase Agreement and the other Transaction Documents in the future. Nothing in this Amendment is intended, or shall be construed, to constitute a
novation or an accord and satisfaction of any of the Obligations or to modify, affect or impair the perfection or continuity of the Buyer’s security interests in, security titles to, or other Liens on, any Collateral for the Obligations. 

4. Conditions on Effectiveness. This Amendment shall become effective as of the date hereof when, and only when, the Buyer has received
a counterpart of this Amendment duly executed by the Seller and the Trust Subsidiary. 
 5. Representations and Warranties. To induce
the Buyer to enter into this Amendment, each of the Seller and the Trust Subsidiary hereby represents and warrants to the Buyer: 
 (a) Each
of the Seller and the Trust Subsidiary has the right, power and authority and has taken all necessary corporate and other action to authorize the execution, delivery and performance of this Amendment in accordance with its terms. This Amendment has
been duly executed and delivered by the duly authorized officers of the Seller and the Trust Subsidiary; 
 (b) The execution, delivery and
performance by each of the Seller and the Trust Subsidiary of this Amendment (i) do not require any consent or approval of, registration or filing with, or any action by, any Governmental Authority, except those as have been obtained or made
and are in full force and effect, (ii) will not materially violate any requirements of applicable law applicable to the Seller or the Trust Subsidiary or any judgment, order or ruling of any Governmental Authority, and (iii) will not
violate or result in a material default under any indenture, material agreement or other material instrument binding on the Seller, the Trust Subsidiary or any of either of their respective assets; 

 (c) This Amendment has been duly executed and delivered for the benefit of or on behalf of
the Seller and the Trust Subsidiary and constitutes a legal, valid and binding obligation of the Seller and the Trust Subsidiary, enforceable against the Seller and the Trust Subsidiary in accordance with its terms except as the enforceability
hereof may be limited by bankruptcy, insolvency, reorganization, moratorium and other laws affecting creditors’ rights and remedies in general; 

(d) The representations and warranties contained in the Repurchase Agreement and other Transaction Documents are true and correct in all
material respects on and as of the date hereof with the same effect as if made on and as of such date, except for any representation and warranty that expressly relates to an earlier date, which representation and warranty shall remain true and
correct as of such earlier date; provided, that any representation or warranty that is qualified by materiality or by reference to Material Adverse Effect shall be true and correct in all respects on and as of the date of this Amendment; and 

(e) Before and after giving effect to this Amendment, no Default or Event of Default has occurred and is continuing. 

6. Acknowledgment of Security Interests. Each of the Seller and the Trust Subsidiary hereby acknowledges that, as of the date hereof,
the security interests and liens granted to the Buyer under the Repurchase Agreement and the other Transaction Documents are in full force and effect and are enforceable in accordance with the terms of the Repurchase Agreement and the other
Transaction Documents. 
 7. Costs, Expenses and Taxes. The Seller agrees to pay all reasonable costs and expenses of the Buyer
incurred in connection with the preparation, negotiation, execution and delivery of this Amendment. 
 8. Governing Law. This
Amendment shall be governed by, and construed in accordance with the law of the State of New York. 
 9. Transaction Document. This
Amendment shall be deemed to be a Transaction Document for all purposes. 
 10. Counterparts. This Amendment may be executed in one or
more counterparts, each of which when so executed shall be deemed to be an original and all of which when taken together shall constitute one and the same instrument, and the words “executed,” signed,” “signature,” and words
of like import as used above and elsewhere in this Amendment or in any other certificate, agreement or document related to this transaction shall may include, in addition to manually executed signatures, images of manually executed signatures
transmitted by facsimile or other electronic format (including, without limitation, “pdf”, “tif” or “jpg”) and other electronic signatures (including, without limitation, any electronic sound, symbol, or process,
attached to or logically associated with a contract or other record and executed or adopted by a person with the intent to sign the record). The use of electronic signatures and electronic records (including, without limitation, any contract or
other record created, generated, sent, communicated, received, or stored by electronic means) shall be of the same legal effect, validity and enforceability as a manually executed signature or use of a paper-based record-keeping system to the
fullest extent 

 
permitted by applicable law, including the Federal Electronic Signatures in Global and National Commerce Act, the New York State Electronic Signatures and Records Act and any other applicable
law, including, without limitation, any state law based on the Uniform Electronic Transactions Act or the Uniform Commercial Code. 

[remainder of page intentionally left blank] 

 IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed by
their respective authorized officers as of the day and year first above written. 
  

							
	SELLER:	 		 	FACO CROP LOANS LLC
				
		 		 	By:	 	 /s/ Cameron Seymore

		 		 	Name:	 	Cameron Seymore
		 		 	Title:	 	Managing Director
			
	TRUST SUBSIDIARY:	 		 	FACO CROP LOAN FINANCING TRUST C1
			
		 		 	By: FACO Crop Loans LLC, as its Administrator
				
		 		 	By:	 	 /s/ Cameron Seymore

		 		 	Name:	 	Cameron Seymore
		 		 	Title:	 	Managing Director

 FIRST AMENDMENT TO REPURCHASE AGREEMENT 

			
	BUYER:	  	                    NATIONAL FOUNDERS LP

 

			
		
	By:	 	 /s/ Brett M. Samsky

	Name:	 	Brett M. Samsky
	Title:	 	CEO

 FIRST AMENDMENT TO REPURCHASE AGREEMENTEX-10.18.2

 Exhibit 10.18.2 

 

Certain confidential information contained in this document, marked by brackets, has been omitted because it is both
(i) not material and (ii) would be competitively harmful if publicly disclosed 

 AMENDMENT NO. 2 TO MASTER REPURCHASE
AGREEMENT 
 Amendment No. 2 to Master Repurchase Agreement, dated as of October 21, 2020 (this “Amendment”),
among NATIONAL FOUNDERS LP (the “Buyer”), FACO CROP LOANS LLC (the “Seller”), FACO CROP LOAN FINANCING TRUST C1 (the “Trust Subsidiary”) and FINANCE OF AMERICA COMMERCIAL LLC (the
“Guarantor”). 
 RECITALS 

The Buyer, Seller and Trust Subsidiary are parties to that certain Master Repurchase Agreement, dated as of March 18, 2020 (as amended by
Amendment No. 1, dated as of July 30, 2020, the “Existing Repurchase Agreement”; and as amended by this Amendment, the “Repurchase Agreement”). The Guarantor is party to that certain Guaranty, dated as of
March 18, 2020, (as amended, restated, supplemented or otherwise modified from time to time, the “Guaranty”) made in favor of the Buyer. Capitalized terms used but not otherwise defined herein shall have the meanings given to
them in the Existing Repurchase Agreement. 
 The Buyer, Seller, Trust Subsidiary and Guarantor have agreed, subject to the terms and
conditions of this Amendment, that the Existing Repurchase Agreement be amended to reflect certain agreed upon revisions to the terms of the Existing Repurchase Agreement. As a condition precedent to amending the Existing Repurchase Agreement, the
Buyer has required the Guarantor to ratify and affirm the Guaranty on the date hereof. 
 Accordingly, the Buyer, Seller, Trust Subsidiary
and Guarantor hereby agree, in consideration of the mutual promises and mutual obligations set forth herein, that the Existing Repurchase Agreement are hereby amended as follows: 

SECTION 1. Definitions. Section 2 of the Existing Repurchase Agreement is hereby amended by: 

1.1 deleting the definitions of “Collection Account”, “Hedging Agreement”, “Irrevocable Instruction
Letter”, “Master Servicer Side Letter”, “Master Servicing Agreement”, “Remittance Date”, “Reserve Account” “Servicer”, “Servicer Account”,
“Servicer Account Control Agreement”, “Servicer Termination Event” and “Transaction Document” in their entirety and replacing them with the following: 

“Collection Account” means (a) with respect to KeyBank acting in its capacity as Subservicer, the “Collection
Account” and all related sub-accounts, as defined in the applicable Subservicing Agreement, established by KeyBank pursuant to the terms of such Subservicing Agreement and (b) with respect to FarmOp
Capital, LLC acting in its capacity as Master Servicer, the “Master Collection Account” established by the Master Servicer at Western Alliance pursuant to the terms of such Servicing Agreement; in each instance into which all collections,
remittances and other proceeds on, or in respect of, the Contributed Crop Loans shall be deposited by the Servicers, and which is subject to the Servicer Account Control Agreement. For the avoidance of doubt, the Collection Account shall not include
other “collection accounts” maintained by the Subservicer or Master Servicer to hold amounts in respect of Crop Loans that are other than Contributed Crop Loans. 

 “Hedging Agreement” means, with respect to each Contributed Crop Loan,
either (A) each security agreement and assignment of hedging account, among Seller, as secured party, Obligor, as debtor, and Broker or (B) each commodity account control agreement, among Seller, as secured party, Obligor, as debtor,
Broker and AgYield, LLC, as authorized CTA. 
 “Irrevocable Instruction Letter” means that certain (i) Irrevocable
Instruction Agreement to Security Agreement and Assignment of Hedging Account, dated as of October 21, 2020, among Buyer, Seller Parties, Broker and Master Servicer, as the same may be amended, restated, supplemented or otherwise modified from
time to time which instructs Broker to remit all payments payable to the Master Servicer under any Hedging Agreement (as defined therein) to the applicable Collection Account and (ii) Irrevocable Instruction Agreement to Commodity Account
Control Agreement, dated as of October 21, 2020, among Buyer, Seller Parties, Broker and Master Servicer, as the same may be amended, restated, supplemented or otherwise modified from time to time which instructs Broker to remit all payments
payable to the Master Servicer under any Control Agreement (as defined therein) to the applicable Collection Account. 
 “Master
Servicer Side Letter” means (a) that certain master servicer side letter, dated as of March 18, 2020, among Buyer, Seller Parties and Master Servicer as the same may be amended, restated, supplemented or otherwise modified from
time to time, (b) that certain master servicer side letter, dated as of October 21, 2020, among Buyer, Seller Parties and Master Servicer as the same may be amended, restated, supplemented or otherwise modified from time to time and
(c) any other letter agreement in form and substance acceptable to the parties which, in the case of clauses (a), (b) and (c), instructs Master Servicer to take direction from Buyer pursuant to the terms therein. 

“Master Servicing Agreement” means (i) that certain Amended and Restated Servicing Agreement, dated as of March 16,
2020 entered into between Seller Parties and Master Servicer, as the same may be amended, restated, supplemented or otherwise modified from time to time and (ii) that certain Servicing Agreement, dated as of October 21, 2020 entered into
between Seller and Master Servicer, as the same may be amended, restated, supplemented or otherwise modified from time to time. 

“Remittance Date” has the meaning assigned to such term in the Subservicing Agreement or Master Servicing Agreement, as
applicable. 
 “Reserve Account” means (a) with respect to KeyBank acting in its capacity as Subservicer, the
“Reserve Account” and all related sub-accounts, as defined in the Subservicing Agreement, established by the Subservicer pursuant to the terms of the Subservicing Agreement and (b) with respect
to FarmOp Capital, LLC acting in its capacity as Master Servicer, the “Master Advance Funds Account” set up by the Master Servicer at Western Alliance; in each instance into which the proceeds of each Contributed Crop Loan and any interest
reserve amounts related thereto are held, and which is subject to the Servicer Account Control Agreement. For the avoidance of doubt, the Reserve Account shall not include other “reserve accounts” maintained by the Subservicer or Master
Servicer to hold amounts in respect of Crop Loans that are other than Contributed Crop Loans. 

  
 2 

 “Servicer” means each of (a) the Master Servicer, (b) each
Subservicer and (c) any other Third Party Servicer appointed to act as a servicer, subservicer or back-up servicer, in each case, as appointed by the Seller Parties and approved by Buyer in its sole
discretion. 
 “Servicer Account” means each Reserve Account and each Collection Account, each of which is subject to the
Servicer Account Control Agreement. 
 “Servicer Account Control Agreement” means that certain (i) Deposit Account
Control Agreement, dated as of March 18, 2020, among Buyer, Seller Parties, KeyBank, in its capacity as bank and Subservicer and Master Servicer; (ii) Deposit Account Control Agreement, dated as of October 21, 2020, among Buyer,
Seller Parties and Western Alliance; or (iii) Deposit Account Control Agreement, dated as of October 21, 2020, among Buyer, Seller Parties and Western Alliance; in each case, governing the applicable Servicer Account, as each may be
amended, restated, supplemented or otherwise modified from time to time. 
 “Servicer Termination Event” means, with
respect to the applicable Servicer, the occurrence of any of the following conditions or events: 
 (a) Seller Parties or Buyer shall have
received notice or shall have actual knowledge that such Servicer has violated any representation, warranty or covenant under the applicable Servicing Agreement, the applicable Subservicer Side Letter or the applicable Master Servicer Side Letter,
as applicable; 
 (b) an event of default has occurred and is continuing beyond any applicable notice or grace periods under the related
Servicing Agreement with respect to such Servicer; 
 (c) a Material Adverse Effect shall occur with respect to such Servicer; or 

(d) with respect to FarmOp Capital, LLC in its capacity as a Servicer, Keir Renick ceases, at any time, to manage and lead the day-to-day business, operations, management and strategy of FarmOp Capital, LLC in the same or similar capacity as of the Effective Date. 

“Transaction Document” means, collectively, this Agreement, the Guaranty, the Trust Agreement, the Custodial Agreement, the
Repo Account Control Agreement, each Servicer Account Control Agreement, each Power of Attorney, each Master Servicing Agreement, each Master Servicer Side Letter, each Subservicing Agreement, each Subservicer Side Letter, the Irrevocable
Instruction Letter, the Right of First Offer Letter, any Verification Agent Agreement, the ECCA and all executed Transaction Requests and Confirmations. 

1.2 adding the following definitions in their proper alphabetical order: 

“KeyBank” means KeyBank National Association in its capacity as a bank in connection with the applicable Servicer Account
Control Agreement or in its capacity as a Subservicer in connection with the applicable Subservicing Agreement and related Subservicer Side Letter. 

  
 3 

 “Western Alliance” means Western Alliance Bank, in its capacity as a bank
in connection with the applicable Servicer Account Control Agreement. 
 1.3 deleting the definition of “Security agreement and
Assignment of Hedging Account” in its entirety and any and all references thereto and replacing them in their entirety with “Hedging Agreement”. 

SECTION 2. Program; Commitment Fee; Initiation of Transactions. Section 3 of the Existing Repurchase Agreement is hereby amended
by deleting paragraph c. in its entirety and replacing it with the following: 
 2.1 c. With respect to each Transaction,
Seller shall give Buyer at least [***] prior notice (which may be delivered via email) of any proposed Purchase Date (the date on which such notice is given, the “Notice Date”). On the Notice Date, the Seller Parties shall
(i) request that Buyer enter into a Transaction by furnishing to Buyer a Transaction Request and Confirmation (with respect to each Eligible Asset, including any Contributed Crop Loans for which Seller has requested a corresponding Purchase
Price Increase hereunder); (ii) deliver to Buyer, Verification Agent and Custodian an Asset Tape, (iii) identify the applicable Subservicer (if any) and (iv) provide any additional information reasonably requested by the Verification
Agent. 
 SECTION 3. Income Payments. Section 8 of the Existing Repurchase Agreement is hereby amended by deleting paragraph a.
in its entirety and replacing it with the following: 
 a. If Income is paid in respect of any Purchased Asset or Contributed Crop Loan
during the term of a Transaction, such Income shall be the property of Buyer. Each Seller Party shall and shall cause the Master Servicer and applicable Subservicer to, deposit all Income with respect to each Purchased Asset and Contributed Crop
Loan into the applicable Servicer Account in accordance with the applicable Servicing Agreement or Subservicer Side Letter, as applicable. Notwithstanding anything to the contrary in any Servicing Agreement, each Seller Party shall cause the
applicable Servicer or Subservicer to deposit into the Repo Account all Income (net of any fees due and owing to the Subservicer as permitted under the applicable Subservicing Agreement and applicable Subservicer Side Letter) on deposit in the
related Servicer Account representing good funds as of the close of business on the last day of the month preceding the related Remittance Date. All Income shall be held in trust for the benefit of Buyer and shall constitute the property of the
Buyer except for tax and GAAP purposes as to which it shall be treated as income and property of the applicable Seller Party. 
 SECTION 4.
Servicing. Section 12 of the Existing Repurchase Agreement is hereby amended by deleting paragraph a. in its entirety and replacing it with the following: 

a. The Seller Parties, on Buyer’s behalf, shall contract with each of Master Servicer and Subservicer, as applicable, to service the
Contributed Crop Loans pursuant to the applicable Servicing Agreement and in accordance with the Accepted Servicing Practices. Pursuant to the terms of the applicable Servicing Agreements, the Subservicer and Master Servicer have established the
Servicer Accounts in the name of Seller, and each Servicer Account shall be subject to the terms of the applicable Servicer Account Control Agreement. 

  
 4 

 SECTION 5. Representations and Warranties With Respect to Contributed Crop Loans.
Schedule 1A to the Existing Repurchase Agreement is hereby amended by deleting paragraphs (e) and (uu) in their entirety and replacing them with the following: 

(a) (e) Maximum Maturity Date. The Contributed Crop Loan does not have a maturity date that is greater than [***] from
the Purchase Price Increase Date with respect to such Contributed Crop Loan. 
 (uu) Hedging Agreement. The Obligor under the
Contributed Crop Loan has entered into one or a combination of Hedging Agreements that in combination with forward contracts and/or underwriting discounts equal a hedge value greater than or equal to the principal amount of the Contributed Crop
Loan. The Obligor granted a security interest in and assigned all hedging funds that may exist in any hedging account maintained at the Broker pursuant to the terms of each Hedging Agreement to Seller (and its successors and assigns). 

SECTION 6. Acknowledgment. Each of the parties hereto hereby acknowledges and agrees that the Maximum Aggregate Purchase Price as of
the date hereof is [***]. 
 SECTION 7. Conditions Precedent. This Amendment shall become effective as of the date hereof, subject to
the satisfaction of the following conditions precedent: 
 7.1 Delivered Documents. On the date hereof, the Buyer shall have received
the following documents, each of which shall be satisfactory to the Buyer in form and substance: 
 (a) this Amendment,
executed and delivered by the duly authorized officers of the Buyer, Seller, Trust Subsidiary and Guarantor; 
 (b) the
Master Servicing Agreement, executed and delivered by the duly authorized officers of FarmOp Capital, LLC and Seller; 
 (c)
the Master Servicer Side Letter, executed and delivered by the duly authorized officers of the Buyer, Seller and Trust Subsidiary; 

(d) the Deposit Account Control Agreement, executed and delivered by the duly authorized officers of the Buyer, Seller, Trust
Subsidiary and Western Alliance; 
 (e) the Deposit Account Control Agreement, executed and delivered by the duly authorized
officers of the Buyer, Seller, Trust Subsidiary and Western Alliance; 
 (f) UCC-3
Amendment for UCC file number 2020 2039883; 
 (g) the Loan Subservicing Agreement, executed and delivered by the duly
authorized officers of Alter Domus (US) LLC and FarmOp Capital LLC; 
 (h) the Customer Agreement, executed and delivered by
the duly authorized officers of MineralTree, Inc. and FarmOp Capital Technology, LLC; 

  
 5 

 (i) the Irrevocable Instruction Letter, executed and delivered by the duly
authorized officers of ADM Investor Services, Inc., FarmOp Capital, LLC, Seller, Trust Subsidiary and Buyer; 
 (j) the
Irrevocable Instruction Letter, executed and delivered by the duly authorized officers of ADM Investor Services, Inc., FarmOp Capital, LLC, Seller, Trust Subsidiary, Buyer and KeyBank National Association 

(k) the Irrevocable Instruction Letter, executed and delivered by the duly authorized officers of ADM Investor Services, Inc.,
FarmOp Capital, LLC, Seller, Trust Subsidiary and Buyer; 
 (l) Termination of Amended and Restated Side Letter – Right
of First Offer, executed and delivered by the duly authorized officers of Buyer, Seller and Trust Subsidiary; and 
 (m) such
other documents as the Buyer or counsel to the Buyer may reasonably request. 
 SECTION 8. Representations and Warranties. Each of
the Seller and Trust Subsidiary hereby represents and warrants to the Buyer that it is in compliance with all the terms and provisions set forth in the Repurchase Agreement on Seller’s or Trust Subsidiary’s part, as applicable, to be
observed or performed, and that no Default or Event of Default has occurred or is continuing, and the Seller and Trust Subsidiary hereby confirms and reaffirms the representations and warranties contained in Section 13 of the Repurchase
Agreement as of the date hereof are true and correct in all material respects, except to the extent such representations relate to a date prior to the date hereof, in which case the representations and warranties are true and correct in all material
respects as of such date. 
 SECTION 9. Limited Effect. Except as expressly amended and modified by this Amendment, the Existing
Repurchase Agreement shall continue to be, and shall remain, in full force and effect in accordance with its terms. 
 SECTION 10.
Severability. Each provision and agreement herein shall be treated as separate and independent from any other provision or agreement herein and shall be enforceable notwithstanding the unenforceability of any such other provision or
agreement. 
 SECTION 11. Counterparts. This Amendment may be executed in any number of counterparts, all of which taken together
shall constitute one and the same instrument, and any of the parties hereto may execute this Amendment by signing any such counterpart. Delivery of an executed counterpart of a signature page of this Amendment in Portable Document Format (PDF)
or by facsimile shall be effective as delivery of a manually executed original counterpart of this Amendment. The parties agree that this Amendment, any addendum or amendment hereto or any other document necessary for the consummation of the
transaction contemplated by this Amendment may be accepted, executed or agreed to through the use of an electronic signature in accordance with the Electronic Signatures in Global and National Commerce Act, 15 U.S.C. § 7001 et seq,
Official Text of the Uniform Electronic Transactions Act as approved by the National Conference of Commissioners on Uniform State Laws at its Annual Conference on July 29, 1999 

  
 6 

 
and any applicable state law. Any document accepted, executed or agreed to in conformity with such laws will be binding on all parties hereto to the same extent as if it were physically
executed and each party hereby consents to the use of any secure third party electronic signature capture service providers, as long as such service providers use system logs and audit trails that establish a temporal and process link between the
presentation of identity documents and the electronic signing, together with identifying information that can be used to verify the electronic signature and its attribution to the signer’s identity and evidence of the signer’s agreement to
conduct the transaction electronically and of the signer’s execution of each electronic signature. 
 SECTION 12. GOVERNING
LAW. THIS AMENDMENT SHALL BE CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK, AND THE OBLIGATIONS, RIGHTS AND REMEDIES OF THE PARTIES HEREUNDER SHALL BE DETERMINED IN ACCORDANCE WITH SUCH LAWS. 

SECTION 13. Reaffirmation of Guaranty. Guarantor hereby ratifies and affirms all of the terms, covenants, conditions and obligations of
the Guaranty and acknowledges and agrees that the term “Obligations” as used in the Guaranty shall apply to all of the Obligations of Seller and Trust Subsidiary to Buyer under the Existing Repurchase Agreement, as amended hereby. 

[Signature Page Follows] 

  
 7 

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

			
	NATIONAL FOUNDERS LP, as Buyer
		
	By:	 	 /s/ Brett M. Samsky

	Name: Brett M. Samsky
	Title: CEO
	
	FACO CROP LOANS LLC, as Seller
		
	By:	 	 /s/ Cameron Seymore

	Name: Cameron Seymore
	Title: Managing Director
	
	FACO CROP LOAN FINANCING TRUST C1, as Trust Subsidiary
	
	By: FACO Crop Loans LLC, as its Administrator
		
	By:	 	 /s/ Cameron Seymore

	Name: Cameron Seymore
	Title: Managing Director
	
	FINANCE OF AMERICA COMMERCIAL LLC, as Guarantor
		
	By:	 	 /s/ Robert Conway

	Name: Robert Conway
	Title: Treasurer

 Signature Page to Amendment No. 2 to Master Repurchase Agreement

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