Document:

Exhibit 10.11

 

Form of Performance Based Award Agreement

 

CITIZENS FIRST CORPORATION

2014 MANAGEMENT INCENTIVE PLAN

 

PERFORMANCE-BASED AWARD AGREEMENT

(SHORT-TERM INCENTIVE)

 

Citizens First Corporation (the “Company”) hereby grants the undersigned Participant a Performance-Based Award subject to the terms and conditions described in the Citizens First Corporation 2014 Management Incentive Plan (the “Plan”) and this Performance-Based Award Agreement (Short-Term Incentive) (this “Award Agreement”).

 

1.  Name of Participant:

 

2.  Performance Period: The 12 month period beginning January 1, 201_ and ending on December 31, 201_ (the “Performance Period”).

 

3. Target Award As Percentage of Base Salary:  __25%

 

4. Earning an Award: At the end of the Performance Period, the Participant shall be eligible to receive a cash payment equal to between 0% and 150% of the Target Award based on the achievement of the Performance Objectives set forth in Exhibit A during the Performance Period (the “Award”).

 

5.  Amount Payable: With respect to the Performance Period, the Committee shall determine the amount payable with respect to the Award based on the level of achievement of the Performance Objectives and any other factors that the Committee deems relevant. The Committee, in its sole discretion, may adjust the amount payable with respect to the Award.

 

6.  Limitations on Earning an Award: If the Participant’s employment terminates for any reason prior to the end of the Performance Period, the Participant shall forfeit any right to payment with respect to the Award. Notwithstanding the foregoing:

 

(a)  Death, Disability, Retirement: If the Participant, dies, becomes Disabled or Retires during the Performance Period, the amount of the Participant’s Award shall be equal to the product of (x) the amount that the Committee determines the Participant would have earned for the Performance Period had the Participant continued in the employee of the Company for the entirety of the Performance Period and (y) a fraction, the numerator of which is the number of full months elapsed from the commencement of the Performance Period through the Participant’s termination of employment and the denominator of which is the total number of months in the Performance Period. Payment with respect to the Award will be made at such time as participants are generally paid incentive payments for the Performance Period.

 

Page 116

 

(b) Change in Control: If a Change in Control occurs during the Performance Period and the Participant is terminated by the Company, other than for Cause (but in no event after the end of the Performance Period), the amount of the Participant’s Award shall equal the greater of: (i) the amount payable with respect to the Award as though the Performance Objectives had been satisfied at the “target” level of achievement for the Performance Period; or (ii) the amount that would have been payable with respect to the Awards based on the actual level of achievement of the Performance Objectives through the fiscal quarter ended nearest to the Participant’s termination. The Award will be settled in a lump sum within 60 days following the Participant’s termination.

 

7.  Form of Payment: The Award shall be payable in cash.

 

8.  Payment: Provided that the Participant remains employed by the Company or an Affiliate, 100% of the Award shall be paid between January 1 and March 15 of the first fiscal year following the end of the Performance Period.

 

9.  Miscellaneous:

 

(a)  Non-Transferability. The Award may not be sold, transferred, pledged, assigned or otherwise alienated or hypothecated, except by will or the laws of descent and distribution.

 

(b)  Beneficiary. Payments with respect to the Award shall be made to the Participant, except that, in the event of the Participant’s death, payment shall be made to the Participant’s beneficiary. Unless otherwise specifically designated by the Participant in writing, the Participant’s beneficiary shall be the Participant’s spouse or, if none, the Participant’s estate.

 

(c)  No Right to Continued Service or to Awards. The granting of an Award shall impose no obligation on the Company or any Affiliate to continue the employment of a Participant or interfere with or limit the right of the Company or any Affiliate to terminate the employment of the Participant at any time, with or without Cause, which right is expressly reserved.

 

(d)  Tax Withholding. The Company or an Affiliate, as applicable, will have the power and right to deduct, withhold or collect any amount required by law or regulation to be withheld with respect to any taxable event arising with respect to the Award.

 

(e)  Requirements of Law. The grant of the Award is subject to all applicable laws, rules and regulations (including applicable federal and state securities laws) and to all required approvals of any governmental agencies or national securities exchange, market or other quotation system.

 

(f)  Governing Law. The Plan and the Award Agreement shall be governed by and construed in accordance with the laws of (other than laws governing conflicts of laws) the Commonwealth of Kentucky.

 

Page 117

 

(g)  Award Subject to Plan. The Award is subject to the terms and conditions described in this Award Agreement and the Plan, which is incorporated by reference into and made a part of this Award Agreement. In the event of a conflict between the terms of the Plan and the terms of this Award Agreement, the terms of the Plan will govern. The Committee has the sole responsibility of interpreting the Plan and this Award Agreement, and its determination of the meaning of any provision in the Plan or this Award Agreement will be binding on the Participant. Capitalized terms that are not defined in this Award Agreement have the same meanings as in the Plan.

 

(h)  Section 409A of the Code. This Award Agreement is intended, and shall be construed and interpreted, to comply with Section 409A of the Code and if necessary, any provision shall be held null and void to the extent such provision (or part thereof) fails to comply with Section 409A of the Code or the Treasury Regulations thereunder. For purposes of Section 409A of the Code, each payment of compensation under the Award Agreement shall be treated as a separate payment of compensation. Any amounts payable solely on account of an involuntary termination shall be excludible from the requirements of Section 409A of the Code, either as separation pay or as short-term deferrals to the maximum possible extent. Nothing herein shall be construed as the guarantee of any particular tax treatment to the Participant, and the Company shall have no liability with respect to any failure to comply with the requirements of Section 409A of the Code. Any reference to the Participant’s “termination” shall mean the Participant’s “separation from service”, as defined in Section 409A of the Code. In addition, if the Participant is determined to be a “specified employee” (within the meaning of Section 409A of the Code and as determined under the Company’s policy for determining specified employees), the Participant shall not be entitled to payment or to distribution of any portion of an Award that is subject to Section 409A of the Code (and for which no exception applies) and is payable or distributable on account of the Participant’s termination until the expiration of six months from the date of such termination (or, if earlier, the Participant’s death). Such Award, or portion thereof, shall be paid or distributed on the first business day of the seventh month following such termination.

 

(i)  Signature in Counterparts. This Award Agreement may be signed in counterparts, each of which will be deemed an original, but all of which will constitute one and the same instrument.

 

	
 
    	
CITIZENS FIRST CORPORATION
    
	
 
    	
 
    
	
 
    	
By:   
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
Title:   
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
 
    
	
 
    	
PARTICIPANT
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
 
    
						

 

Page 118

 

CITIZENS FIRST CORPORATION

2014 MANAGEMENT INCENTIVE PLAN

 

PERFORMANCE-BASED AWARD AGREEMENT

(SHORT-TERM INCENTIVE)

 

EXHIBIT A

 

As described in Section 4 of the Award Agreement, at the end of the Performance Period, the Participant may earn between 0% and 150% of the Target Award based on the achievement of the Performance Objectives set forth below during the Performance Period. When determining the level of achievement of the Performance Goals, the Committee may make such adjustments as it deems equitable to account for unusual or non-recurring items. Performance between two stated levels will be interpolated when determining the percentage of the Target Award earned. Each component of the Target Award is calculated separately and the Participant’s Award for the Performance Period shall equal the sum of each component.

(a)        30% of the Award is based on the Company’s diluted earnings per share, as reported on the Company’s financial statements (“Diluted EPS”), at the end of the Performance Period. The percentage of the Target Award earned will correspond to Company’s Diluted EPS, as set forth below, multiplied by 30%: 

 

	
Diluted   Earnings Per Share
    		
Percentage
   of Award
   Component
   Earned
    	
			
0
    	
%
    
			
50
    	
%
    
			
100
    	
%
    
			
125
    	
%
    
			
150
    	
%
    

 

(b)         20% of the Award is based on the percentage of the Company’s efficiency ratio as reported on the Company’s financial statements (“Efficiency Ratio”) at the end of the Performance Period.  The percentage of the Target Award earned will correspond to Efficiency Ratio, as set forth below, multiplied by 20%: 

 

	
Efficiency Ratio
    	
 
    	
Percentage
   of Award
   Component
   Earned
    	
 
    
	
 
    	
 
    	
0
    	
%
    
	
 
    	
 
    	
50
    	
%
    
	
 
    	
 
    	
100
    	
%
    
	
 
    	
 
    	
125
    	
%
    
	
 
    	
 
    	
150
    	
%
    

 

Page 119

 

(c)         25% of the Award is based on the percentage of the Company’s non-performing assets compared to the Company’s total assets, each as reported on the Company’s financial statements, at the end of the Performance Period (the “Non-Performing Asset Percentage”). The percentage of the Target Award earned will correspond to Non-Performing Asset Percentage, as set forth below, multiplied by 25%:

 

 

 

	
Non-Performing Asset
   Percentage
    	
 
    	
Percentage   
   of Award
   Component
   Earned
    	
 
    
	
 
    	
 
    	
0
    	
%
    
	
 
    	
 
    	
50
    	
%
    
	
 
    	
 
    	
100
    	
%
    
	
 
    	
 
    	
125
    	
%
    
	
 
    	
 
    	
150
    	
%
    

 

(d)         25% of the Award is based on the percentage of the Company’s return on average assets, as reported on the Company’s financial statements, at the end of the Performance Period (the “Return on Average Assets”). The percentage of the Target Award earned will correspond to Return on Average Assets, as set forth below, multiplied by 25%: 

 

 

	
Return on Average Assets
    	
 
    	
Percentage   of
   Award
   Component
   Earned
    	
 
    
	
 
    	
 
    	
0
    	
%
    
	
 
    	
 
    	
50
    	
%
    
	
 
    	
 
    	
100
    	
%
    
	
 
    	
 
    	
125
    	
%
    
	
 
    	
 
    	
150
    	
%
    

 

Page 120Exhibit 4.1

 

AMENDMENT NO. 2 TO SERIES 2015-VF1 INDENTURE SUPPLEMENT

Amendment No. 2 to Series 2015-VF1 Indenture Supplement, dated as of March 22, 2016 (this “Amendment”), among NRZ ADVANCE RECEIVABLES TRUST 2015-ON1, as issuer (the “Issuer”), DEUTSCHE BANK NATIONAL TRUST COMPANY (“Deutsche Bank”), as indenture trustee (in such capacity, the “Indenture Trustee”), calculation agent, paying agent, and securities intermediary, OCWEN LOAN SERVICING, LLC, as a Subservicer (on and after the respective MSR Transfer Dates) and as Servicer (prior to the respective MSR Transfer Dates) (“OLS”), HLSS HOLDINGS, LLC (“HLSS”), as administrator and as servicer (on and after the respective MSR Transfer Dates), CREDIT SUISSE AG, NEW YORK BRANCH (“Credit Suisse”), as administrative agent (in such capacity, the “Administrative Agent”) and NEW RESIDENTIAL INVESTMENT CORP. (“NRZ”), and consented to by Credit Suisse, as noteholder of the Series 2015-VF1 Variable Funding Notes (in such capacity, the “Noteholder”).

RECITALS

The Issuer, Indenture Trustee, Deutsche Bank, as calculation agent (in such capacity, the “Calculation Agent”), as paying agent (in such capacity, the “Paying Agent”) and as securities intermediary (in such capacity, the “Securities Intermediary”), OLS, HLSS, the Administrative Agent, and the other “Administrative Agents” from time to time parties thereto, are parties to that certain Indenture, dated as of August 28, 2015, as the same may be amended, restated, supplemented, or otherwise modified from time to time (the “Existing Base Indenture”), the provisions of which are incorporated, as modified by that certain Series 2015-VF1 Indenture Supplement, dated as of August 28, 2015, as amended by that certain Amendment No. 1 to Series 2015-VF1 Indenture Supplement, dated as of November 24, 2015 and as the same may be further amended, restated, supplemented or otherwise modified from time to time (the “Existing Indenture Supplement,” and together with the Existing Base Indenture, the “Existing Indenture”), among the parties to the Existing Base Indenture and NRZ. Capitalized terms used but not otherwise defined herein shall have the meanings given to them in the Existing Indenture.

The Issuer, Indenture Trustee, OLS, HLSS, Administrative Agent, NRZ and the Noteholder have agreed, subject to the terms and conditions of this Amendment, that the Existing Indenture Supplement be amended to reflect certain agreed upon revisions to the terms of the Existing Indenture Supplement.

Pursuant to Section 12.2 of the Existing Base Indenture and Section 13(b) of the Existing Indenture Supplement, the Issuer, Indenture Trustee, OLS, HLSS, the Administrative Agent and NRZ, with the consent of 100% of the Noteholders of the Series 2015-VF1 Variable Funding Notes, may amend the Existing Indenture Supplement, with prior notice to each Note Rating Agency, with the consent of the Derivative Counterparty, if any, the Subservicer, and the Series Required Noteholders of each Series materially and adversely affected by such amendment and upon delivery of an Issuer Tax Opinion, for the purpose of adding or changing in any manner any provisions of the Existing Indenture Supplement.

Pursuant to Section 12.3 of the Existing Base Indenture, the Issuer shall deliver to the Indenture Trustee an Opinion of Counsel stating that the execution of such amendment is authorized and permitted by the Existing Base Indenture and that all conditions precedent thereto have been satisfied (the “Authorization Opinion”).

-1-

As of the date hereof, there are no Derivative Counterparties.

The Noteholder holds 100% of the Series 2015-VF1 Variable Funding Notes and therefore is the Series Required Noteholder.

The Noteholder waives the requirement for the delivery of an Issuer Tax Opinion and other opinions as set forth in this Amendment.

Notice has been provided to the Note Rating Agency.

Accordingly, the Issuer, Indenture Trustee, OLS, HLSS, Administrative Agent, NRZ and the Noteholder hereby agree, in consideration of the mutual promises and mutual obligations set forth herein, that the Existing Indenture Supplement is hereby amended as follows:

SECTION 1.           Amendments to the Existing Indenture Supplement. Effective as of the Amendment Effective Date:

1.1           Section 2 of the Existing Indenture Supplement is hereby amended by deleting the defined term “Maximum VFN Principal Balance” in its entirety and replacing such term with the following:

“Maximum VFN Principal Balance” means, for the Series 2015-VF1 Notes, for Class A-VF1: $674,664,000, for Class B-VF1: $16,062,000, for Class C-VF1: $17,275,000 and for Class D-VF1: $56,999,000, or (i) such other amount, calculated pursuant to a written agreement between the Administrator and the Administrative Agent or (ii) such lesser amount designated by the Administrator in accordance with the terms of the Base Indenture.

1.2           Section 2 of the Existing Indenture Supplement is hereby amended by deleting the defined term “Undrawn Fee Rate” in its entirety and replacing such term with the following:

“Undrawn Fee Rate” means, for each applicable Class of the Series 2015-VF1 Notes, the per annum rate set forth or determined as described below:

(i) Class A-VF1: (a) if the Used Percentage for the Class A-VF1 is less than or equal to 50.0%: 0.500%,  per annum (b) if the Used Percentage for the Class A-VF1 is greater than 50% and less than or equal to 75.0%: 0.375%, per annum; and (c) if the Used Percentage for the Class A-VF1 is greater than 75.0%: 0.250%, per annum;

-2-

(ii) Class B-VF1: (a) if the Used Percentage for the Class B-VF1 is less than or equal to 50.0%: 0.500%, per annum, (b) if the Used Percentage for the Class B-VF1 is greater than 50% and less than or equal to 75.0%: 0.375%, per annum; and (c) if the Used Percentage for the Class B-VF1 is greater than 75.0%: 0.250%, per annum;

(iii) Class C-VF1: (a) if the Used Percentage for the Class C-VF1 is less than or equal to 50.0%: 0.500%, per annum, (b) if the Used Percentage for the Class C-VF1 is greater than 50% and less than or equal to 75.0%: 0.375%, per annum; and (c) if the Used Percentage for the Class C-VF1 is greater than 75.0%: 0.250%, per annum; and

(iv) Class D-VF1: (a) if the Used Percentage for the Class D-VF1 is less than or equal to 50.0%: 0.500%, per annum, (b) if the Used Percentage for the Class D-VF1 is greater than 50% and less than or equal to 75.0%: 0.375%, per annum; and (c) if the Used Percentage for the Class D-VF1 is greater than 75.0%: 0.250%, per annum.

For the avoidance of doubt, only the Purchaser shall be paid Undrawn Fee Amounts as set forth in the Base Indenture.

1.3           Section 4 of the Existing Indenture Supplement is hereby amended by deleting clause (xii) in its entirety and replacing it with the following:

(xii)           is a Facility Eligible Receivable that is a Specified Receivable, to the extent that the Receivable Balance of such Receivable, when added to the aggregate Receivable Balances of all Facility Eligible Receivables outstanding that are Specified Receivables, would cause the total Receivable Balances attributable to all Facility Eligible Receivables outstanding that are Specified Receivables to exceed 12.5% of the total Receivable Balances of all Facility Eligible Receivables included in the Trust Estate.

1.4           Exhibit A of the Existing Indenture Supplement is hereby deleted in its entirety and replaced with Exhibit 1 attached hereto.

SECTION 2.           Noteholder Consent and Waiver.  The Noteholder hereby consents to this Amendment and waives, and instructs the Indenture Trustee to waive the requirement in Section 12.2 of the Existing Base Indenture for the delivery of an Issuer Tax Opinion and the Authorization Opinion under Section 12.3 of the Existing Base Indenture.  Further, the Noteholder hereby instructs the Indenture Trustee to waive each requirement for the delivery of any other opinions and certificates in connection with this Amendment pursuant to Sections 1.3, 1.4 and 12.3 of the Existing Base Indenture.

SECTION 3.           Series Required Noteholder.  The Noteholder hereby represents and certifies that (i) it holds 100% of the Series 2015-VF1 Variable Funding Notes and therefore is the Series Required Noteholder, (ii) it has the authority to deliver this certification and the directions included herein to the Indenture Trustee, (iii) such power has not been granted or assigned to any other person, and (iv) the Indenture Trustee may conclusively rely upon this certification.

-3-

SECTION 4.           Conditions to Effectiveness of this Amendment.  This Amendment shall become effective on the date (the “Amendment Effective Date”) upon the latest to occur of the following:

4.1           the execution and delivery of this Amendment by all parties hereto;

4.2           notice to the Note Rating Agency; and

4.3           written confirmation from the Note Rating Agency that the execution of this Amendment will not have a Ratings Effect on the Series 2015-VF1 Variable Funding Notes.

SECTION 5.           Representations and Warranties.  The Issuer hereby represents and warrants to the Indenture Trustee, the Noteholders, the Servicer, any Derivative Counterparty, any Supplemental Credit Enhancement Provider and any Liquidity Provider that it is in compliance with all the terms and provisions set forth in the Existing Base Indenture on its part to be observed or performed, and that no Event of Default has occurred or is continuing, and hereby confirms and reaffirms the representations and warranties contained in Section 9.1 of the Existing Base Indenture.

SECTION 6.           Limited Effect.  Except as expressly amended and modified by this Amendment, the Existing Indenture shall continue to be, and shall remain, in full force and effect in accordance with its terms and the execution of this Amendment.

SECTION 7.           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 8.           Recitals.  The statements contained in the recitals to this Amendment shall be taken as the statements of the Issuer, and the Indenture Trustee (in each capacity) assumes no responsibility for their correctness.  The Indenture Trustee makes no representation as to the validity or sufficiency of this Amendment (except as may be made with respect to the validity of its own obligations hereunder).  In entering into this Amendment, the Indenture Trustee shall be entitled to the benefit of every provision of the Existing Base Indenture relating to the conduct of or affecting the liability of or affording protection to the Indenture Trustee.

SECTION 9.           Counterparts.  This Amendment may be executed by each of the parties hereto on any number of separate counterparts, each of which shall be an original and all of which taken together shall constitute one and the same instrument.

SECTION 10.           GOVERNING LAW.  THIS AMENDMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK WITHOUT REFERENCE TO THE CHOICE OF LAW PROVISIONS THEREOF.

-4-

SECTION 11.           Owner Trustee. It is expressly understood and agreed by the parties hereto that (a) this Amendment is executed and delivered by Wilmington Trust, National Association, not individually or personally, but solely as Owner Trustee of the Issuer under the Trust Agreement, in the exercise of the powers and authority conferred and vested in it, (b) each of the representations, undertakings and agreements herein made on the part of the Issuer is made and intended not as a personal representation, undertaking and agreement by Wilmington Trust, National Association but is made and intended for the purpose of binding only the Issuer, (c) nothing herein contained shall be construed as creating any liability on Wilmington Trust, National Association, individually or personally, to perform any covenant either expressed or implied contained herein, all such liability, if any, being expressly waived by the parties hereto and by any Person claiming by, through or under the parties hereto, (d) Wilmington Trust, National Association has made no investigation as to the accuracy or completeness of any representations or warranties made by the Issuer in this Amendment and (e) under no circumstances shall Wilmington Trust, National Association be personally liable for the payment of any indebtedness or expenses of the Issuer or be liable for the breach or failure of any obligation, representation, warranty or covenant made or undertaken by the Issuer under this Amendment or the other Transaction Documents.

[SIGNATURE PAGES FOLLOW]

-5-

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

	 	
NRZ ADVANCE RECEIVABLES TRUST 2015-ON1, as Issuer

	 	 	 
	 	
By: Wilmington Trust, National Association, not in its individual capacity but solely as Owner Trustee

	 	 	 
	 	
By:

	
/s/ Beverly D. Capers

	 	
Name:  Beverly D. Capers

	 	
Title:  Assistant Vice President

[Signature page to NRART 2015-ON1 Amendment No. 2 to Series 2015-VF1 Indenture Supplement]

	 	
OCWEN LOAN SERVICING, LLC

	 	 	 
	 	
By:

	
/s/ Michael R. Bourque, Jr.

	 	
Name:  Michael R. Bourque, Jr.

	 	
Title:  Chief Financial Officer

[Signature page to NRART 2015-ON1 Amendment No. 2 to Series 2015-VF1 Indenture Supplement]

	 	
HLSS HOLDINGS, LLC

	 	 	 
	 	
By:

	
/s/ Cameron MacDougall

	 	
Name:  Cameron MacDougall

	 	
Title:  Secretary

[Signature page to NRART 2015-ON1 Amendment No. 2 to Series 2015-VF1 Indenture Supplement]

	 	
DEUTSCHE BANK NATIONAL TRUST COMPANY, as Indenture Trustee, and not in its individual capacity

	 	 	 
	 	
By:

	
/s/ Amy McNulty

	 	
Name:  Amy McNulty

	 	
Title:  Associate

	 	 	 
	 	
By:

	
/s/ Gisselle Picard

	 	
Name:  Gisselle Picard

	 	
Title:  Associate

[Signature page to NRART 2015-ON1 Amendment No. 2 to Series 2015-VF1 Indenture Supplement]

	 	
CREDIT SUISSE AG, NEW YORK BRANCH, as Administrative Agent

	 	 	 
	 	
By:

	
/s/ Jason Muncy

	 	
Name:  Jason Muncy

	 	
Title:  Vice President

	 	 	 
	 	
By:

	
/s/ Patrick J. Hart

	 	
Name:  Patrick J. Hart

	 	
Title:  Vice President

[Signature page to NRART 2015-ON1 Amendment No. 2 to Series 2015-VF1 Indenture Supplement]

	 	
NEW RESIDENTIAL INVESTMENT CORP.

	 	 
	 	
By:

	
/s/ Cameron MacDougall

	 	
Name:  Cameron MacDougall

	 	
Title:  Secretary

[Signature page to NRART 2015-ON1 Amendment No. 2 to Series 2015-VF1 Indenture Supplement]

	 	
CONSENTED TO BY:

	 	 	 
	 	
CREDIT SUISSE AG, NEW YORK BRANCH, as 100% Noteholder of the Series 2015-VF1 Variable Funding Notes

	 	 	 
	 	
By:

	
/s/ Jason Muncy

	 	
Name:  Jason Muncy

	 	
Title:  Vice President

	 	 	 
	 	
By:

	
/s/ Patrick J. Hart

	 	
Name:  Patrick J. Hart

	 	
Title:  Vice President

[Signature page to NRART 2015-ON1 Amendment No. 2 to Series 2015-VF1 Indenture Supplement]

EXHIBIT 1

Exhibit A

	
Class

	
Note #

	
Noteholder

	
Related Administrative Agent

	
Maximum VFN Principal Balance

	
A-VF1

	
2

	
Credit Suisse AG, New York Branch

	
Credit Suisse AG, New York Branch

	
$674,664,000

 

 

	
B-VF1

	
2

	
Credit Suisse AG, New York Branch

	
Credit Suisse AG, New York Branch

	
$16,062,000

 

 

	
C-VF1

	
2

	
Credit Suisse AG, New York Branch

	
Credit Suisse AG, New York Branch

	
$17,275,000

 

 

	
D-VF1

	
2

	
Credit Suisse AG, New York Branch

	
Credit Suisse AG, New York Branch

	
$56,999,000

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