Document:

Exhibit 10.1

AMENDMENT NO. 6

 

FORM OF AMENDMENT NO. 6 (this “Amendment”)
dated as of December 10, 2019, among NEW MOUNTAIN FINANCE CORPORATION (the “Borrower”), the Lenders party hereto
and GOLDMAN SACHS BANK USA, in its capacity as Administrative Agent (the “Agent”) under the Credit Agreement
referred to below.

 

The Borrower is party to the Senior Secured
Revolving Credit Agreement, dated as of June 4, 2014, among the Borrower, the Lenders party thereto, the Agent, and Goldman
Sachs Bank USA, as Syndication Agent (as amended, amended and restated, modified or otherwise supplemented prior to the date hereof,
the “Credit Agreement”).

 

The Borrower and the Lenders wish now to amend
the Credit Agreement in certain respects, and accordingly, the parties hereto hereby agree as follows:

 

Section 1.               
Definitions. Except as otherwise defined in this Amendment, terms defined in the Credit Agreement as amended hereby
and together with all amended exhibits and updated schedules and appendices thereto are used herein as defined therein.

 

Section 2.               
Amendments. Subject to the satisfaction of the conditions precedent specified in Section 5 below, and effective
as of the Sixth Amendment Effective Date, the Credit Agreement is hereby amended as follows:

 

(a)              
Section 1.01 is amended by adding the following defined terms in the correct alphabetical order:

 

“Benchmark Replacement”
means the sum of: (a) the alternate benchmark rate (which may include Term SOFR) that has been selected by the Administrative Agent
and the Borrower giving due consideration to (i) any selection or recommendation of a replacement rate or the mechanism for determining
such a rate by the Relevant Governmental Body or (ii) any evolving or then-prevailing market convention for determining a rate
of interest as a replacement to the LIBO Rate for U.S. dollar-denominated syndicated credit facilities and (b) the Benchmark Replacement
Adjustment; provided that, if the Benchmark Replacement as so determined would be less than zero, the Benchmark Replacement will
be deemed to be zero for the purposes of this Agreement.

 

“Benchmark Replacement Adjustment”
means, with respect to any replacement of LIBO Rate with an Unadjusted Benchmark Replacement for each applicable Interest Period,
the spread adjustment, or method for calculating or determining such spread adjustment, (which may be a positive or negative value
or zero) that has been selected by the Administrative Agent and the Borrower giving due consideration to (i) any selection or recommendation
of a spread adjustment, or method for calculating or determining such spread adjustment, for the replacement of the LIBO Rate with
the applicable Unadjusted Benchmark Replacement by the Relevant Governmental Body or (ii) any evolving or then-prevailing market
convention for determining a spread adjustment, or method for calculating or determining such spread adjustment, for the replacement
of the LIBO Rate with the applicable Unadjusted Benchmark Replacement for U.S. dollar- denominated syndicated credit facilities
at such time.

 

     

     

    

 

“Benchmark Replacement Conforming
Changes” means, with respect to any Benchmark Replacement, any technical, administrative or operational changes (including
changes to the definition of “ABR,” the definition of “Interest Period,” timing and frequency of determining
rates and making payments of interest and other administrative matters) that the Administrative Agent, in consultation with the
Borrower, decides may be appropriate to reflect the adoption and implementation of such Benchmark Replacement and to permit the
administration thereof by the Administrative Agent in a manner substantially consistent with market practice (or, if the Administrative
Agent decides that adoption of any portion of such market practice is not administratively feasible or if the Administrative Agent
determines that no market practice for the administration of the Benchmark Replacement exists, in such other manner of administration
as the Administrative Agent, in consultation with the Borrower, decides is reasonably necessary in connection with the administration
of this Agreement).

 

“Benchmark Replacement Date”
means the earlier to occur of the following events with respect to the LIBO Rate:

 

(1)       in
the case of clause (1) or (2) of the definition of “Benchmark Transition Event,” the later of

 

(a)       the
date of the public statement or publication of information referenced therein and (b) the date on which the administrator of the
LIBO Rate permanently or indefinitely ceases to provide the LIBO Rate; or

 

(2)          in
the case of clause (3) of the definition of “Benchmark Transition Event,” the date of the public statement or publication
of information referenced therein.

 

“Benchmark Transition Event”
means the occurrence of one or more of the following events with respect to the LIBO Rate:

 

(1)       a
public statement or publication of information by or on behalf of the administrator of the LIBO Rate announcing that such administrator
has ceased or will cease to provide the LIBO Rate, permanently or indefinitely, provided that, at the time of such statement or
publication, there is no successor administrator that will continue to provide the LIBO Rate;

 

(2)       a
public statement or publication of information by the regulatory supervisor for the administrator of the LIBO Rate, the U.S. Federal
Reserve System, an insolvency official with jurisdiction over the administrator for the LIBO Rate, a resolution authority with
jurisdiction over the administrator for the LIBO Rate or a court or an entity with similar insolvency or resolution authority over
the administrator for the LIBO Rate, which states that the administrator of the LIBO Rate has ceased or will cease to provide the
LIBO Rate permanently or indefinitely, provided that, at the time of such statement or publication, there is no successor administrator
that will continue to provide the LIBO Rate; or

 

     

     

    

 

(3)          a
public statement or publication of information by the regulatory supervisor for the administrator of the LIBO Rate announcing that
the LIBO Rate is no longer representative.

 

“Benchmark Transition Start
Date” means (a) in the case of a Benchmark Transition Event, the earlier of (i) the applicable Benchmark Replacement
Date and (ii) if such Benchmark Transition Event is a public statement or publication of information of a prospective event, the
90th day prior to the expected date of such event as of such public statement or publication of information (or if the expected
date of such prospective event is fewer than 90 days after such statement or publication, the date of such statement or publication)
and (b) in the case of an Early Opt-in Election, the date specified by the Administrative Agent or the Required Lenders, as applicable,
by notice to the Borrower, the Administrative Agent (in the case of such notice by the Required Lenders) and the Lenders.

 

“Benchmark Unavailability
Period” means, if a Benchmark Transition Event and its related Benchmark Replacement Date have occurred with respect
to the LIBO Rate and solely to the extent that the LIBO Rate has not been replaced with a Benchmark Replacement, the period (x)
beginning at the time that such Benchmark Replacement Date has occurred if, at such time, no Benchmark Replacement has replaced
the LIBO Rate for all purposes hereunder in accordance with Section 2.13 and (y) ending at the time that a Benchmark Replacement
has replaced LIBOR for all purposes hereunder pursuant to Section 2.13.

 

“BHC Act Affiliate”
of a party means an “affiliate” (as such term is defined under, and interpreted in accordance with, 12 U.S.C. 1841(k))
of such party.

 

“Covered Entity”
means any of the following:

 

(i)       a
“covered entity” as that term is defined in, and interpreted in accordance with, 12 C.F.R. § 252.82(b);

 

(ii)      a
“covered bank” as that term is defined in, and interpreted in accordance with, 12 C.F.R. § 47.3(b); or

 

(iii)     a
“covered FSI” as that term is defined in, and interpreted in accordance with, 12 C.F.R. § 382.2(b).

 

“Covered Party”
has the meaning assigned to it in Section 9.15.

 

“Default Right” has the meaning assigned
to that term in, and shall be interpreted in accordance with, 12 C.F.R. §§ 252.81, 47.2 or 382.1, as applicable.

 

     

     

    

 

“Early Opt-in Election” means the
occurrence of:

 

(1)          (i) a determination
by the Administrative Agent or (ii) a notification by the Required Lenders of each Class to the Administrative Agent (with a copy
to the Borrower) that the Required Lenders of each Class have determined that U.S. dollar-denominated syndicated credit facilities
being executed at such time, or that include language similar to that contained in Section 2.13 are being executed or amended,
as applicable, to incorporate or adopt a new benchmark interest rate to replace the LIBO Rate, and

 

(2)          (i) the
election by the Administrative Agent or (ii) the election by the Required Lenders of each Class to declare that an Early Opt-in
Election has occurred and the provision, as applicable, by the Administrative Agent of written notice of such election to the Borrower
and the Lenders or by the Required Lenders of each Class of written notice of such election to the Administrative Agent.

 

“Federal Reserve Bank of New York’s Website”
means the website of the Federal Reserve Bank of New York at http://www.newyorkfed.org, or any successor source.

 

“Relevant Governmental Body” means
the Federal Reserve Board and/or the Federal Reserve Bank of New York, or a committee officially endorsed or convened by the Federal
Reserve Board and/or the Federal Reserve Bank of New York or any successor thereto.

 

“QFC” has the meaning assigned to
the term “qualified financial contract” in, and shall be interpreted in accordance with, 12 U.S.C. 5390(c)(8)(D).

 

“QFC Credit Support” has the meaning
assigned to it in Section 9.15.

 

“SOFR” with respect to any day means
the secured overnight financing rate published for such day by the Federal Reserve Bank of New York, as the administrator of the
benchmark, (or a successor administrator) on the Federal Reserve Bank of New York’s Website.

 

“Supported QFC”
has the meaning assigned to it in Section 9.15.

 

“Term SOFR” means the forward-looking
term rate based on SOFR that has been selected or recommended by the Relevant Governmental Body.

 

“U.S. Special Resolution
Regime” has the meaning assigned to it in Section 9.15.

 

“Unadjusted Benchmark Replacement”
means the Benchmark Replacement excluding the Benchmark Replacement Adjustment.

 

(b)          Section 2.08(e)(i)(B) of the Credit Agreement is hereby amended by replacing “$150,000,000” with “$200,000,000”.

 

     

     

    

 

(c)          Section 2.13(a) and (b) of the Credit Agreement are hereby amended by adding the phrase “prior to the occurrence of
a Benchmark Transition Event or an Early-Opt-in Election,” at the beginning of each such clause.

 

(d)          Section 2.13 of the Credit Agreement is hereby amended by adding clauses (c), (d), (e) and (f) as follows:

 

“(c)        Benchmark Replacement.
Notwithstanding anything to the contrary herein or in any other Loan Document, upon the occurrence of a Benchmark Transition Event
or an Early Opt-in Election, as applicable, the Administrative Agent and the Borrower may amend this Agreement to replace the LIBO
Rate with respect to any Affected Currency with a Benchmark Replacement. Any such amendment with respect to a Benchmark Transition
Event will become effective at 5:00 p.m. on the fifth (5th) Business Day after the Administrative Agent has posted such proposed
amendment to all Lenders and the Borrower so long as the Administrative Agent has not received, by such time, written notice of
objection to such amendment from Lenders comprising the Required Lenders of each Class. Any such amendment with respect to an Early
Opt-in Election will become effective on the date that Lenders comprising the Required Lenders of each Class have delivered to
the Administrative Agent written notice that such Required Lenders accept such amendment. No replacement of the LIBO Rate with
a Benchmark Replacement pursuant to this Section 2.13 will occur prior to the applicable Benchmark Transition Start Date.

 

(d)          Benchmark
Replacement Conforming Changes. In connection with the implementation of a Benchmark Replacement, the Administrative Agent
will have the right to make Benchmark Replacement Conforming Changes approved by the Borrower (such approval not to be unreasonably
withheld or delayed) from time to time and, notwithstanding anything to the contrary herein or in any other Loan Document, any
amendments implementing such Benchmark Replacement Conforming Changes will become effective without any further action or consent
of any other party to this Agreement.

 

(e)          Notices;
Standards for Decisions and Determinations. The Administrative Agent will promptly notify the Borrower and the Lenders of (i)
any occurrence of a Benchmark Transition Event or an Early Opt-in Election, as applicable, and its related Benchmark Replacement
Date and Benchmark Transition Start Date, (ii) the implementation of any Benchmark Replacement, (iii) the effectiveness of any
Benchmark Replacement Conforming Changes and (iv) the commencement or conclusion of any Benchmark Unavailability Period. Any determination,
decision or election that may be made by the Administrative Agent or Lenders pursuant to this Section 2.13, including any determination
with respect to a tenor, rate or adjustment or of the occurrence or non-occurrence of an event, circumstance or date and any decision
to take or refrain from taking any action, will be conclusive and binding absent manifest error and may be made in its or their
sole discretion and without consent from any other party hereto, except, in each case, as expressly required pursuant to this Section
2.13.

 

     

     

    

 

(f)          Benchmark
Unavailability Period. Upon the Borrower’s receipt of notice of the commencement of a Benchmark Unavailability Period,
the Borrower may revoke any request for a Eurocurrency Borrowing of, conversion to or continuation of Eurodollar Loans to be made,
converted or continued during any Benchmark Unavailability Period and, failing that, the Borrower will be deemed to have converted
any such request into a request for a Borrowing of or conversion to ABR Loans. During any Benchmark Unavailability Period, the
component of ABR based upon LIBOR will not be used in any determination of ABR.”

 

(e)         A new section 9.15 is hereby added to the Credit Agreement as follows:

 

“Section 9.15. Acknowledgement
Regarding Any Supported QFCs. To the extent that the Loan Documents provide support, through a guarantee or otherwise,
for Hedging Agreements or any other agreement or instrument that is a QFC (such support “QFC Credit Support”
and each such QFC a “Supported QFC”), the parties acknowledge and agree as follows with respect to the resolution
power of the Federal Deposit Insurance Corporation under the Federal Deposit Insurance Act and Title II of the Dodd-Frank Wall
Street Reform and Consumer Protection Act (together with the regulations promulgated thereunder, the “U.S. Special Resolution
Regimes”) in respect of such Supported QFC and QFC Credit Support (with the provisions below applicable notwithstanding
that the Loan Documents and any Supported QFC may in fact be stated to be governed by the laws of the State of New York and/or
of the United States or any other state of the United States):

 

In the event a Covered Entity that
is party to a Supported QFC (each, a “Covered Party”) becomes subject to a proceeding under a U.S. Special Resolution
Regime, the transfer of such Supported QFC and the benefit of such QFC Credit Support (and any interest and obligation in or under
such Supported QFC and such QFC Credit Support, and any rights in property securing such Supported QFC or such QFC Credit Support)
from such Covered Party will be effective to the same extent as the transfer would be effective under the U.S. Special Resolution
Regime if the Supported QFC and such QFC Credit Support (and any such interest, obligation and rights in property) were governed
by the laws of the United States or a state of the United States. In the event a Covered Party or a BHC Act Affiliate of a Covered
Party becomes subject to a proceeding under a U.S. Special Resolution Regime, Default Rights under the Loan Documents that might
otherwise apply to such Supported QFC or any QFC Credit Support that may be exercised against such Covered Party are permitted
to be exercised to no greater extent than such Default Rights could be exercised under the U.S. Special Resolution Regime if the
Supported QFC and the Loan Documents were governed by the laws of the United States or a state of the United States. Without limitation
of the foregoing, it is understood and agreed that rights and remedies of the parties with respect to a Defaulting Lender shall
in no event affect the rights of any Covered Party with respect to a Supported QFC or any QFC Credit Support.”

 

     

     

    

 

(f)           Schedule 1.01(b) to the Credit Agreement is amended and restated in the form of Annex I attached hereto.

 

Section 3.               
Commitment Increase.

 

(a)          Pursuant to a request of the Borrower (receipt of which is hereby acknowledged by the Administrative Agent) that the aggregate
amount of the Dollar Commitments be increased by a total amount equal to $50,000,000 (the “Commitment Increase”)
and subject to the satisfaction of the conditions precedent specified in Section 5 below, and pursuant to Section 2.08(e) of the
Credit Agreement, the Assuming Lender set forth on Annex II hereto under the heading “Assuming Lender” hereby agrees
to make a Dollar Commitment in the amount set forth opposite the name of the Assuming Lender in Annex II hereto, such Dollar Commitment
to be effective on the Sixth Amendment Effective Date.

 

(b)          The Borrower hereby confirms that each of the conditions to the Commitment Increase set forth in Sections 2.08(e)(i)(D)
and (E) of the Credit Agreement have been satisfied as of the date hereof.

 

Section 4.               
Representations and Warranties. The Borrower represents and warrants to each Lender, the Agent, the Swingline Lender
and the Issuing Bank that on the Sixth Amendment Effective Date (a) the representations and warranties of the Borrower set
forth in Article III of the Credit Agreement and in the other Loan Documents are true and correct in all material respects
(or, in the case of any portion of the representations and warranties already subject to a materiality qualifier, true and correct
in all respects) on and as of the Sixth Amendment Effective Date, or as to any such representation or warranty that refers to a
specific date, as of such specific date and (b) no Default or Event of Default has occurred and is continuing on the Sixth
Amendment Effective Date.

 

Section 5.               
Conditions Precedent. The amendments to the Credit Agreement set forth in Section 2 of this Amendment shall
not become effective until the date (the “Sixth Amendment Effective Date”) on which the conditions below are
satisfied, each of which shall be reasonably satisfactory to the Agent:

 

(a)          Execution. The receipt by the Agent of counterparts of this Amendment executed by the Borrower and the Required Lenders.

 

(b)          Fees and Expenses. The payment by the Borrower, to the extent invoiced at least two Business Days prior to the required
payment date, of the reasonable fees and expenses of Milbank LLP, special New York counsel to the Agent, in connection with the
negotiation, preparation, execution and delivery of this Amendment.

 

The Agent shall notify the Borrower and the
Lenders of the Sixth Amendment Effective Date promptly upon its occurrence, and such notice shall be conclusive and binding.

 

     

     

    

 

Section 6.               
 Confirmation of Assuming Lender. The Assuming Lender (i) confirms that it has received a copy of the Credit Agreement
and the other Loan Documents, together with copies of the financial statements referred to therein and such other documents and
information as it has deemed appropriate to make its own credit analysis and decision to enter into this Amendment; (ii) agrees
that it will, independently and without reliance upon the Agent or any other Lender or Agent and based on such documents and information
as it shall deem appropriate at the time, continue to make its own credit decisions in taking or not taking action under the Credit
Agreement; and (iii) acknowledges and agrees that, from and after the Sixth Amendment Effective Date, it shall have a Commitment
equal to the Commitment amount set forth opposite the name of the Assuming Lender in Annex I hereto and such Commitment shall be
governed for all purposes by the Credit Agreement and the other Loan Documents.

 

Section 7.               
Reference to and Effect on the Credit Agreement. On and after the Sixth Amendment Effective Date, each reference
in the Credit Agreement to “this Agreement,” “hereunder,” “hereof” or words of like import
referring to the Credit Agreement, shall mean and be a reference to the Credit Agreement as amended by this Amendment. The Credit
Agreement and each of the other Loan Documents, as specifically amended by this Amendment, are and shall continue to be in full
force and effect and are hereby in all respects ratified and confirmed. This Amendment shall be deemed to be a “Loan Document”
for all purposes of the Credit Agreement (as amended hereby) and the other Loan Documents. The execution, delivery and effectiveness
of this Amendment shall not, except as expressly provided herein, operate as an amendment or waiver of any right, power or remedy
of any Lender or the Administrative Agent under any of the Loan Documents, nor constitute an amendment or waiver of any provision
of any of the Loan Documents.

 

Section 8.               
Miscellaneous. This Amendment may be executed in any number of counterparts, all of which taken together shall constitute
one and the same amendatory 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 to this Amendment by electronic transmission shall be effective as delivery
of a manually executed counterpart to this Amendment. This Amendment shall be governed by, and construed in accordance with, the
law of the State of New York.

 

     

     

    

 

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

 

 

	 	NEW MOUNTAIN FINANCE CORPORATION
	 	 
	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:

 

Signature Page to Amendment No. 6

 

     

     

    

 

	 	GOLDMAN SACHS BANK USA,
	 	as Agent, Issuing Bank and
    a Lender
	 	 
	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:

 

Signature Page to Amendment No. 6 

 

     

     

    

 

	 	STIFEL BANK & TRUST,
	 	as a Lender
	 	 
	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:

 

Signature Page to Amendment No. 6 

 

     

     

    

 

 

	 	MORGAN STANLEY BANK,
N.A.,
	 	as a Lender
	 	 
	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:

 

Signature Page to Amendment No. 6 

 

     

     

    

 

 

	 	MUFG UNION BANK, N.A.,
	 	as Assuming Lender
	 	 
	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:

 

Signature Page to Amendment No. 6

 

     

     

    

 

Annex I

 

SCHEDULE 1.01(b)

 

Commitments

 

	Lender	 	Multicurrency
 Commitment	 
	Goldman Sachs Bank USA	 	$	62,100,000	 
	Morgan Stanley Bank, N.A.	 	$	51,400,000	 

 

	Lender	 	 	Dollar
                                         Commitment	 
	Stifel Bank & Trust	 	$	25,000,000	 
	MUFG Union Bank, N.A.	 	$	50,000,000	 

 

Signature Page to Amendment No. 6

 

     

     

    

 

Annex II

 

	Assuming Lender	 	 	Commitment	 
	MUFG Union Bank, N.A.	 	$	50,000,000 (Dollar)	 

 

Annex IIExhibit 10.2

 

FORM OF AMENDMENT NO.
5 TO LOAN FINANCING AND SERVICING AGREEMENT (this “Amendment), dated as of December 12, 2019 (the “Fifth
Amendment Effective Date”), among New Mountain Finance DB, L.L.C., as borrower (the “Borrower”), Deutsche
Bank AG, New York Branch (“DBNY”), as facility agent (in such capacity, the “Facility Agent”),
New Mountain Finance Corporation, as equityholder (the “Equityholder”) and as servicer (the “Servicer”),
U.S. Bank National Association, as collateral agent (in such capacity, the “Collateral Agent”) and collateral
custodian (in such capacity, the “Collateral Custodian”) and DBNY, KeyBank National Association (“KeyBank”),
Customers Bank (“Customers”), Hitachi Capital America Corp. (“Hitachi”) and Citizens Bank,
N.A. (“Citizens”), each as an agent (an “Agent”) and as a committed lender (a “Lender”).

 

WHEREAS, the parties
hereto are party to the Loan Financing and Servicing Agreement, dated as of December 14, 2018 (as amended, supplemented, amended
and restated and otherwise modified from time to time, the “Loan Agreement”);

 

WHEREAS, the Servicer,
the Equityholder and the Borrower hereby request that the Facility Agent, the Lenders, the Collateral Agent and the Collateral
Custodian amend the Loan Agreement as set forth herein;

 

WHEREAS, the Facility
Agent and each Lender hereby request, direct and consent to the Collateral Agent and the Collateral Custodian amending the Loan
Agreement as set forth herein; and

 

WHEREAS, the Borrower,
the Servicer, the Facility Agent, each Lender, the Collateral Agent and the Collateral Custodian have agreed to amend the Loan
Agreement in accordance with Section 17.2 of the Loan Agreement and subject to the terms and conditions set forth herein.

 

NOW THEREFORE, in consideration
of the foregoing premises and the mutual agreements contained herein, and for other good and valuable consideration, the receipt
and sufficiency of which are hereby acknowledged, the parties hereto, intending to be legally bound, hereby agree as follows:

 

ARTICLE
I

 

Definitions

 

SECTION 1.1.      Defined Terms. Terms used but not defined herein have the respective meanings given to such terms in the Loan Agreement.

 

ARTICLE
II

 

Amendments 

 

SECTION 2.1.       Amendments to the Loan Agreement. As of the date of this Amendment, the Loan Agreement is hereby amended to delete
the stricken text (indicated textually in the same manner as the following example: stricken text)
and to add the bold and double-underlined text (indicated textually in the same manner as the following example: bold
and double-underlined text) as set forth on the pages of the Loan Agreement attached as Appendix hereto.

 

    1

     

    

 

ARTICLE
III 

 

SECTION 3.1.       On the Fifth Amendment Effective Date and after giving effect to this Amendment, the Commitments are as set forth on Schedule
1 to this Amendment and the Advances Outstanding are allocated as set forth on Schedule 2 to this Amendment.

 

ARTICLE
IV 

 

Conditions to Effectiveness

 

SECTION 4.1.        This Amendment shall become effective as of the date first written above upon the satisfaction of the following conditions:

 

(a)      the execution and delivery of this Amendment by the Borrower, the Servicer, the Equityholder, the Facility Agent, each Lender,
the Collateral Agent and the Collateral Custodian;

 

(b)      the Facility Agent shall have received certified copies of the resolutions of the board of managers (or similar items) of
the Borrower and the Servicer approving this Amendment and the transactions contemplated hereby, certified by its secretary or
assistant secretary or other authorized officer;

 

(c)      the Facility Agent shall have received a good standing certificate for each of the Borrower and the Servicer issued by the
applicable official body of its jurisdiction of organization;

 

(d)      the Facility Agent shall have received the executed legal opinion of Schulte Roth & Zabel LLP, counsel to the Borrower
and the Servicer, in form and substance acceptable to the Facility Agent in its reasonable discretion covering such matters as
the Facility Agent may reasonably request; and

 

(e)      all fees (including reasonable and documented fees, disbursements and other charges of counsel) due to the Lenders on or
prior to the effective date of this Amendment have been paid in full.

 

ARTICLE
V

 

Representations and
Warranties

 

SECTION 5.1.       The Borrower hereby represents and warrants to the Facility Agent and the Lenders that, as of the date first written above,
(i) no Facility Termination Event, Unmatured Event of Default, Servicer Default or Unmatured Servicer Default has occurred and
is continuing and (ii) the representations and warranties of the Borrower contained in the Loan Agreement are true and correct
in all material respects on and as of such day (other than any representation and warranty that is made as of a specific date).

 

    2

     

    

 

ARTICLE
VI

 

Miscellaneous

 

SECTION 6.1.      Governing Law. THIS AMENDMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES UNDER THIS AMENDMENT SHALL BE GOVERNED
BY, AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK.

 

SECTION 6.2.       Severability Clause. In case any provision in this Amendment shall be invalid, illegal or unenforceable, the validity,
legality, and enforceability of the remaining provisions shall not in any way be affected or impaired thereby.

 

SECTION 6.3.       Ratification. Except as expressly amended and waived hereby, the Loan Agreement is in all respects ratified and confirmed
and all the terms, conditions and provisions thereof shall remain in full force and effect. This Amendment shall form a part of
the Loan Agreement for all purposes.

 

SECTION 6.4.       Counterparts. The parties hereto may sign one or more copies of this Amendment in counterparts, all of which together
shall constitute one and the same agreement. Delivery of an executed signature page of this Amendment by facsimile or email transmission
shall be effective as delivery of a manually executed counterpart hereof.

 

SECTION 6.5.       Headings. The headings of the Articles and Sections in this Amendment are for convenience of reference only and shall
not be deemed to alter or affect the meaning or interpretation of any provisions hereof.

 

[Signature pages follow]

 

    3

     

    

 

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

 

	 	NEW MOUNTAIN FINANCE DB, L.L.C., as Borrower
	 	 
	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:

 

[Signature Page to Amendment No. 5 to Loan
Financing and Servicing Agreement]

 

    

     

    

 

	 	NEW MOUNTAIN FINANCE CORPORATION, as Equityholder
    and as Servicer
	 	 
	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:

 

[Signature Page to Amendment No. 5 to Loan
Financing and Servicing Agreement]

 

    

     

    

 

	 	DEUTSCHE BANK AG, NEW YORK BRANCH, as Facility Agent
	 	 
	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:

 

 

	 	By:	 
	 	 	Name:
	 	 	Title:

 

[Signature Page to Amendment No. 5 to Loan
Financing and Servicing Agreement]

 

    

     

    

 

	 	DEUTSCHE BANK AG, NEW YORK BRANCH, as an Agent and
    as a Committed Lender
	 	 
	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:

 

 

	 	By:	 
	 	 	Name:
	 	 	Title:

 

[Signature Page to Amendment No. 5 to Loan
Financing and Servicing Agreement]

 

    

     

    

 

	 	CUSTOMERS BANK, as an Agent and as a Committed Lender
	 	 
	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:

 

[Signature Page to Amendment No. 5 to Loan
Financing and Servicing Agreement]

 

    

     

    

 

	 	KEYBANK NATIONAL ASSOCIATION, as an Agent and as a
    Committed Lender
	 	 
	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:

 

[Signature Page to Amendment No. 5 to Loan
Financing and Servicing Agreement]

 

    

     

    

 

	 	HITACHI CAPITAL AMERICA CORP., as an Agent and as
    a Committed Lender
	 	 
	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:

 

[Signature Page to Amendment No. 5 to Loan
Financing and Servicing Agreement]

 

    

     

    

 

	 	CITIZENS BANK, N.A., as an Agent and as a Committed
    Lender
	 	 
	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:

 

[Signature Page to Amendment No. 5 to Loan
Financing and Servicing Agreement]

 

    

     

    

 

	 	U.S. BANK NATIONAL ASSOCIATION,as Collateral Agent

 

 

	 	By:	 
	 	Name:	 
	 	Title:	 

 

	 	U.S. BANK NATIONAL ASSOCIATION,as Collateral Custodian
	 	 
	 	 

	 	By:	 
	 	Name:	 
	 	Title:	 

 

[Signature Page to Amendment No. 5 to Loan
Financing and Servicing Agreement]

 

    

     

    

 

Appendix 

 

Amendments to the Loan Agreement

 

    

     

    

 

SCHEDULE 1

COMMITMENTS

 

	Lender	 	Commitment	 
	Deutsche Bank AG, New York Branch	 	$	100,000,000	 
	KeyBank National Association	 	$	75,000,000	 
	Customers Bank	 	$	35,000,000	 
	Hitachi Capital America Corp.	 	$	20,000,000	 
	Citizens Bank, N.A.	 	$	50,000,000

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