Document:

Exhibit 10.30

 

[***] = Certain marked information has been omitted
from this exhibit because it is both not material and is the type that the registrant treats as private or confidential.

 

SEVENTH AMENDMENT

TO FIRST AMENDED AND RESTATED LOAN PROGRAM AGREEMENT

AND

SECOND AMENDMENT

TO AMENDED AND RESTATED LOAN SALE AGREEMENT

 

This SEVENTH AMENDMENT TO
THE FIRST AMENDED AND RESTATED LOAN PROGRAM AGREEMENT AND SECOND AMENDMENT TO AMENDED AND RESTATED LOAN SALE AGREEMENT (this “Amendment”)
is made as of June 3, 2020 (the “Amendment Effective Date”) by and between CROSS RIVER BANK, an FDIC-insured New Jersey
state-chartered bank (“Bank”), and SUNLIGHT FINANCIAL LLC, a Delaware limited liability company (“Sunlight”),
amends the terms of (a) that certain First Amended and Restated Loan Program Agreement dated as of February 12, 2018, by and between Bank
and Sunlight, as previously amended by that certain First Amendment dated April 17, 2018, that certain letter agreement dated as of July
9, 2018, that certain Third Amendment dated as of October 26, 2018, that certain Fourth Amendment dated as of March 8, 2019, that certain
Fifth Amendment dated as of December 1, 2019 and that certain Sixth Amendment dated as of March 31, 2020 (as so amended, the “Existing
Program Agreement” and as amended by this Amendment, the “Program Agreement”) and (b) that certain Amended
and Restated Loan Sale Agreement dated as of February 12, 2018, by and between Bank and Sunlight, as previously amended by that certain
First Amendment dated April 28, 2019 (as so amended, the “Existing Loan Sale Agreement” and as amended by this Amendment,
the “Loan Sale Agreement”; together with the Existing Program Agreement, the “Existing Agreements”
and each an “Existing Agreement” and together with the Program Agreement, the “Agreements”). Sunlight
and Bank are collectively referred to herein as the “Parties”. Capitalized terms used herein but not otherwise defined
herein shall have the meanings set forth therefore in the Existing Agreements.

 

RECITALS

 

WHEREAS, the Existing
Agreements allow the Parties to mutually agree in writing to modify the Existing Agreements;

 

WHEREAS, the Parties
now desire to amend and modify the Existing Agreements upon the terms and subject to the conditions set forth in this Amendment to, among
other things, suspend Sunlight’s obligations to repurchase certain Loans made pursuant to the Program;

 

NOW, THEREFORE, in
consideration of the foregoing premises and the following terms, and for other good and valuable consideration, the Parties, intending
to be legally bound, further agree as follows:

 

		1.	AMENDMENTS TO THE EXISTING AGREEMENTS

 

		1.1.	The “Bank Caps” section of Exhibit A of the Existing Program Agreement is hereby amended
and restated in its entirety as follows:

 

“Bank Caps: The Bank
shall not hold more than (a) [***] of Non-Portfolio Loans and Portfolio Loans and (b) [***] of Portfolio Loans, at any time, provided
that the foregoing caps shall not include any amounts held or retained by Bank with respect to the Required Retained Loans.”

 

     

     

    

 

		1.2.	Section 2(a) of the Existing Loan Sale Agreement is hereby amended by adding the following sentence
at the end thereof:

 

“Notwithstanding the foregoing,
Sunlight shall not be required to purchase any non-Portfolio loans that have been outstanding for more than 90 days during the period commencing
on the First Omnibus Amendment Effective Date and ending on December 31, 2020.”

 

		1.3.	Section 1.1 of the Existing Loan Sale Agreement is hereby amended to add certain new definitions
and amend certain other definitions as follows:

 

“First Omnibus Amendment”
means that certain Seventh Amendment to First Amended and Restated Loan Program Agreement and Second Amendment to Amended and Restated
Loan Sale Agreement, dated as of the First Omnibus Amendment Effective Date, by and between Bank and Sunlight.

 

“First Omnibus Amendment Effective
Date” means the Amendment Effective Date.

 

		2.	EFFECTIVENESS OF THE AGREEMENTS

 

		2.1.	Unless otherwise defined or modified in this Amendment, all capitalized words or terms used in this Amendment
shall have the definitions ascribed to such words or terms in the Existing Agreements. From and after the effectiveness of this Amendment,
references in each Existing Agreement to “the Agreement” or words of similar effect, shall refer to such Existing Agreement
as amended by this Amendment.

 

		2.2.	Except as expressly amended and modified by this Amendment, all terms and conditions set forth in the
Existing Agreements shall remain unmodified, binding, and in full force and effect. This Amendment as applied to the Existing Agreements
and the Administration Agreement collectively set forth the entire agreement and understanding of the Parties regarding the particular
subject matter of this Amendment, and merges and supersedes all prior or contemporaneous agreements, discussions and correspondence pertaining
to the subject matter of this Amendment. This Amendment may be executed in counterpart copies, each of which, and together, shall be effective
as original, binding instruments. Delivery of an executed counterpart of a signature page of this Amendment by telecopy, e-mailed .pdf
or any other electronic means that reproduces an image of the actual executed signature page shall be effective as delivery of a manually
executed counterpart of this Amendment.

 

		2.3.	This Amendment shall be governed by and construed in accordance with the laws of the State of New York,
including general obligations law Section 5-1401, but otherwise without regard to the conflict of laws principles thereof.

 

[remainder of page intentionally blank]

 

    2

     

    

 

IN WITNESS WHEREOF,
each of the Parties hereto has caused this Amendment to be duly executed as of the day and year first above written.

 

	 	SUNLIGHT FINANCIAL LLC

	 	 
	 	By:	/s/ Barry Edinburg
	 	Name:	Barry Edinburg
	 	Title:	Chief Financial Officer
	 	 	 
	 	CROSS RIVER BANK
	 	 
	 	By:	/s/ Giles Gade
	 	Name:	Gilles Gade
	 	Title:	Chief Executive Officer
	 	 	 
	 	By:	/s/ Arlen Gelbard
	 	Name: 	Arlen Gelbard
	 	Title:	General CounselExhibit 10.31

 

Execution Version

 

[***] = Certain marked information has been omitted
from this exhibit because it is both not material and is the type that the registrant treats as private or confidential.

 

EIGHTH AMENDMENT

TO FIRST AMENDED AND RESTATED LOAN PROGRAM AGREEMENT

 

This EIGHTH AMENDMENT TO THE
FIRST AMENDED AND RESTATED LOAN PROGRAM AGREEMENT (this “Amendment”) is made as of January 5, 2021 (the “Amendment
Effective Date”) by and between CROSS RIVER BANK, an FDIC-insured New Jersey state-chartered bank (“Bank”),
and SUNLIGHT FINANCIAL LLC, a Delaware limited liability company (“Sunlight”), amends the terms of that certain First
Amended and Restated Loan Program Agreement dated as of February 12, 2018, by and between Bank and Sunlight, as previously amended by
that certain First Amendment dated April 17, 2018, that certain letter agreement dated as of July 9, 2018, that certain Third Amendment
dated as of October 26, 2018, that certain Fourth Amendment dated as of March 8, 2019, that certain Fifth Amendment dated as of December
1, 2019, that certain Sixth Amendment dated as of March 31, 2020 and that certain Seventh Amendment dated as of June 3, 2020 (as so amended,
the “Existing Agreement” and as amended by this Amendment, the “Agreement”). Sunlight and Bank are
collectively referred to herein as the “Parties”. Capitalized terms used herein but not otherwise defined herein shall
have the meanings set forth therefor in the Existing Agreement.

 

RECITALS

 

WHEREAS, the Existing
Agreement allows the Parties to mutually agree in writing to modify the Existing Agreement;

 

WHEREAS, the Parties
now desire to amend and modify the Existing Agreement upon the terms and subject to the conditions set forth in this Amendment to, among
other things, increase Bank’s commitment to retain certain Loans made pursuant to the Program;

 

     

     

    

 

NOW, THEREFORE, in
consideration of the foregoing premises and the following terms, and for other good and valuable consideration, the Parties, intending
to be legally bound, further agree as follows:

 

		1.	AMENDMENTS TO THE EXISTING AGREEMENT

 

		1.1	Section 2.5(a)(i) of the Existing Agreement is hereby amended and restated as follows:

 

(i) Notwithstanding
anything contained herein or in any Loan Sale Agreement, Bank shall retain the Eligible Required Retention Loans allocated to Bank in
accordance with the Allocation Method (each, a “Required Retained Loan” and, collectively, the “Required Retained
Loans”), provided that Bank shall not be required to retain any Loans if the retention by Bank of any such Loan (A) would cause
the Original Principal Balance of such Loan, when added to the aggregate sum of the Original Principal Balance of all other Required Retained
Loans approved in the same calendar month, to exceed the Maximum Monthly Retention Amount (as defined in Exhibit A) for such calendar
month, (B) would cause the Original Principal Balance of such Loan, when added to the aggregate sum of the Original Principal Balance
of all other Required Retained Loans approved in the same calendar quarter, to exceed the Maximum Quarterly Retention Amount (as defined
in Exhibit A) for such calendar quarter, (C) would cause the Original Principal Balance of such Loan, when added to the aggregate
sum of the outstanding principal balances of all other Required Retained Loans, to exceed the Maximum Outstanding Retention Amount (as
defined in Exhibit A), (D) would cause the Original Principal Balance of such Loan, when added to the aggregate sum of the outstanding
principal balances of all other Required Retained Loans, to exceed the Required Retained Loans Interest Only Limit, (E) would cause the
Original Principal Balance of such Loan, when added to the aggregate sum of the Original Principal Balance of all other Required Retained
Loans having an original tenor of twenty (20) years and approved in the same calendar month, to exceed the Maximum Monthly 20 Year Loan
Product Retention Percentage (as defined in Exhibit A) for such calendar month or (F) would cause the Original Principal Balance
of such Loan having an original tenor of twenty (20) years, when added to the aggregate sum of the outstanding principal balances of all
other Required Retained Loans, to exceed the Maximum Outstanding 20 Year Loan Product Retention Percentage (as defined in Exhibit A).
For the avoidance of doubt, Required Retained Loans that are allocated in accordance with this Section 2.5(a) and Exhibit A
are not subject to sale under a Loan Sale Agreement.

 

		1.2	The “Terms Applicable to Required Retained Loans” section of Exhibit A of the Existing
Agreement is hereby amended and restated in its entirety as follows:

 

Terms Applicable to Required
Retained Loans:

 

Required Retained
Loan Additional Payment Percentage: [***]

 

Maximum Monthly
Retention Amount: [***] (or such greater amount as mutually agreed to by the Parties, which such approvals not to be unreasonably
withheld, conditioned or delayed).

 

Maximum Quarterly
Retention Amount: [***].

 

Maximum Outstanding
Retention Amount: [***] (or such greater amount as mutually agreed to by the Parties).

 

Maximum Monthly
20 Year Loan Product Retention Percentage: [***] of All Required Retained Loans (or such greater percentage as mutually agreed to
by the Parties).

 

    2

     

    

 

Maximum Outstanding
20 Year Loan Product Retention Percentage: [***] of All Required Retained Loans (or such greater percentage as mutually agreed to
by the Parties).

 

Applicable Tenors:
Any of the tenors specified for the Eligible Required Retention Loans.

 

Required Retained
Loan Supplemental Fee: [***].

 

		1.3	Annex A to Exhibit A of the Existing Agreement is hereby amended and restated in its entirety
in the form set forth as Annex A hereto.

 

		2.	EFFECTIVENESS OF THE AGREEMENT

 

		2.1	Unless otherwise defined or modified in this Amendment, all capitalized words or terms used in this Amendment
shall have the definitions ascribed to such words or terms in the Existing Agreement. From and after the effectiveness of this Amendment,
references in the Existing Agreement to “the Agreement” or words of similar effect, shall refer to the Existing Agreement
as amended by this Amendment.

 

		2.2	Except as expressly amended and modified by this Amendment, all terms and conditions set forth in the
Existing Agreement shall remain unmodified, binding, and in full force and effect. This Amendment as applied to the Existing Agreement
and the Administration Agreement collectively set forth the entire agreement and understanding of the Parties regarding the particular
subject matter of this Amendment, and merges and supersedes all prior or contemporaneous agreements, discussions and correspondence pertaining
to the subject matter of this Amendment. This Amendment may be executed in counterpart copies, each of which, and together, shall be effective
as original, binding instruments. Delivery of an executed counterpart of a signature page of this Amendment by telecopy, e-mailed .pdf
or any other electronic means that reproduces an image of the actual executed signature page shall be effective as delivery of a manually
executed counterpart of this Amendment.

 

		2.3	This Amendment shall be governed by and construed in accordance with the laws of the State of New York,
including general obligations law Section 5-1401, but otherwise without regard to the conflict of laws principles thereof.

 

[remainder of page intentionally blank]

 

    3

     

    

 

IN WITNESS WHEREOF,
each of the Parties hereto has caused this Amendment to be duly executed as of the day and year first above written.

 

	 	SUNLIGHT FINANCIAL LLC
	 	 	 
	 	By:	/s/ Barry Edinburg
	 	Name:	Barry Edinburg
	 	Title:	Chief Financial Officer
	 	 	 
	 	CROSS RIVER BANK
	 	 	 
	 	By:	/s/ Gilles Gade
	 	Name: 	Gilles Gade
	 	Title:	Chief Financial Officer
	 	 	 
	 	By:	/s/ Arlen Gelbard
	 	Name:	Arlen Gelbard
	 	Title:	General Counsel

 

    4

     

    

 

Annex A

 

Eligible Required Retention Loans

 

[***]

 

5

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00327-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00327-of-00352.parquet"}]]