Document:

fnko-ex1016_1283.htm

Exhibit 10.16

FUNKO, INC.

 

Non-Employee Director Compensation Policy

 

Non-employee members of the board of directors (the “Board”) of Funko, Inc. (the “Company”) shall be eligible to receive cash and equity compensation as set forth in this Non-Employee Director Compensation Policy (this “Policy”).  The cash and equity compensation described in this Policy shall be paid or be made, as applicable, automatically and without further action of the Board, to each member of the Board who is not an employee of the Company or any parent or subsidiary of the Company (each, a “Non-Employee Director”) who may be eligible to receive such cash or equity compensation, unless such Non-Employee Director declines the receipt of such cash or equity compensation by written notice to the Company.  This Policy shall become effective on October 16 , 2018 (the “Effective Time”) and shall remain in effect until it is revised or rescinded by further action of the Board. This Policy may be amended, modified or terminated by the Board at any time in its sole discretion.  The terms and conditions of this Policy shall supersede any prior cash and/or equity compensation arrangements for service as a member of the Board between the Company and any of its Non-Employee Directors and between any subsidiary of the Company and any of its non-employee directors.  No Non-Employee Director shall have any rights hereunder, except with respect to equity awards granted pursuant to this Policy.  

1.Cash Compensation.

(a)Annual Retainers.  Each Non-Employee Director shall receive an annual retainer of $50,000 for service on the Board.  

(b)Additional Annual Retainers.  In addition, a Non-Employee Director shall receive the following annual retainers:

(i)Chairperson of the Board.  A Non-Employee Director serving as Chairperson of the Board shall receive an additional annual retainer of $30,000 for such service.

(ii)Audit Committee.   A Non-Employee Director serving as Chairperson of the Audit Committee shall receive an additional annual retainer of $18,750 for such service.  

(iii)Compensation Committee.  A Non-Employee Director serving as Chairperson of the Compensation Committee shall receive an additional annual retainer of $15,000 for such service.  

(vi) Nominating and Corporate Governance Committee.   A Non-Employee Director serving as Chairperson of the Nominating and Corporate Governance Committee shall receive an additional annual retainer of $10,000 for such service.  

(c)Payment of Retainers.  The annual retainers described in Sections 1(a) and 1(b) shall be earned on a quarterly basis based on a calendar quarter and shall be paid by the Company in arrears not later than the fifteenth day following the end of each calendar quarter.  In the event a Non-Employee Director does not serve as a Non-Employee Director, or in the applicable positions described in Section 1(b), for an entire calendar quarter, such Non-Employee Director shall receive a prorated portion of the retainer(s) otherwise payable to such Non-Employee Director for such calendar quarter pursuant to Section 1(b), with such prorated portion determined by multiplying such otherwise payable retainer(s) by a fraction, the numerator of which is the number of days during which the Non-Employee Director serves 

 

 

 

 

as a Non-Employee Director or in the applicable positions described in Section 1(b) during the applicable calendar quarter and the denominator of which is the number of days in the applicable calendar quarter.

 

2.Equity Compensation.  Non-Employee Directors shall be granted the equity awards described below.  The awards described below shall be granted under and shall be subject to the terms and provisions of the Company’s 2017 Incentive Award Plan or any other applicable Company equity incentive plan then-maintained by the Company (such plan, as may be amended from time to time, the “Equity Plan”) and shall be granted subject to the execution and delivery of award agreements, including attached exhibits, in substantially the forms previously approved by the Board.  All applicable terms of the Equity Plan apply to this Policy as if fully set forth herein, and all equity grants hereunder are subject in all respects to the terms of the Equity Plan.  

(a)Annual Awards.  Each Non-Employee Director who (i) serves on the Board as of the date of any annual meeting of the Company’s stockholders (an “Annual Meeting”) after the Effective Time and (ii) will continue to serve as a Non-Employee Director immediately following such Annual Meeting shall be automatically granted, on the date of such Annual Meeting, (X) an option to purchase the number of shares of the Company’s common stock (at a per-share exercise price equal to the closing price per share of the Company’s common stock on the date of such Annual Meeting (or on the last preceding trading day if the date of the Annual Meeting is not a trading day)), having an aggregate fair value on the date of grant of $37,500 (as determined in accordance with FASB Accounting Codification Topic 718 (“ASC 718”), and subject to adjustment as provided in the Equity Plan and (Y) a restricted stock unit award having an aggregate fair value on the date of grant of $37,500 (as determined in accordance with ASC 718) (with the number of shares of common stock underlying such award subject to adjustment as provided in the Equity Plan).  The awards described in this Section 2(a) shall be referred to as the “Annual Awards.”  For the avoidance of doubt, a Non-Employee Director elected for the first time to the Board at an Annual Meeting shall only receive an Annual Award in connection with such election, and shall not receive any Initial Award (as defined below) on the date of such Annual Meeting as well.

(b)Initial Awards.  Except as otherwise determined by the Board, each Non-Employee Director who is initially elected or appointed to the Board after the Effective Time on any date other than the date of an Annual Meeting shall be automatically granted, on the effective date of such Non-Employee Director’s initial election or appointment (such Non-Employee Director’s “Start Date”), (X) an option to purchase the number of shares of the Company’s common stock (at a per-share exercise price equal to the closing price on the Company’s common stock on such Non-Employee Director’s Start Date (or on the last preceding trading day if such Non-Employee Director’s Start Date is not a trading day)), having an aggregate fair value on the date of grant of $37,500 (as determined in accordance with ASC 718) and such Non-Employee Director’s Start Date equal to the product of (i) $37,500 (as determined in accordance with ASC 718) and (ii) a fraction, the numerator of which is (x) 365 minus (y) the number of days in the period beginning on the date of the Annual Meeting immediately preceding such Non-Employee Director’s Start Date and ending on such Non-Employee Director’s Start Date and the denominator of which is 365, and subject to adjustment as provided in the Equity Plan and (Y) a restricted stock unit award having an aggregate fair value on such Non-Employee Director’s Start Date equal to the product of (i) $37,500 (as determined in accordance with ASC 718) and (ii) a fraction, the numerator of which is (x) 365 minus (y) the number of days in the period beginning on the date of the Annual Meeting immediately preceding such Non-Employee Director’s Start Date and ending on such Non-Employee Director’s Start Date and the denominator of which is 365 (with the number of shares of common stock underlying such award subject to adjustment as provided in the Equity Plan). The awards described in this Section 2(b) shall be referred to as “Initial Awards.”  For the avoidance of doubt, no Non-Employee Director shall be granted more than one Initial Award.

 

 

 

 

(c)Termination of Employment of Employee Directors.  Members of the Board who are employees of the Company or any parent or subsidiary of the Company who subsequently terminate their employment with the Company and any parent or subsidiary of the Company and remain on the Board will not receive an Initial Award pursuant to Section 2(b) above, but to the extent that they are otherwise eligible, will be eligible to receive, after termination from service with the Company and any parent or subsidiary of the Company, Annual Awards as described in Section 2(a) above.

(d)Vesting of Awards Granted to Non-Employee Directors.  Each Annual Award and Initial Award shall vest and become exercisable on the first anniversary of the date of grant, in each case subject to the Non-Employee Director continuing in service through the applicable vesting dates.  No portion of an Annual Award or Initial Award that is unvested or unexercisable at the time of a Non-Employee Director’s termination of service on the Board shall become vested and exercisable thereafter.   All of a Non-Employee Director’s Annual Awards and Initial Awards shall vest in full immediately prior to the occurrence of a Change in Control (as defined in the Equity Plan), to the extent outstanding at such time.

 

* * * * *fnko-ex1033_1342.htm

Exhibit 10.33

FIRST AMENDMENT TO CREDIT AGREEMENT

 

THIS FIRST AMENDMENT TO CREDIT AGREEMENT (this “Amendment”), dated as of February 11, 2019, is entered into by and among Funko Acquisition Holdings, L.L.C., a Delaware limited liability company (the “Ultimate Parent”), Funko Holdings LLC, a Delaware limited liability company (“Parent” or “Funko Holdings”), Funko, LLC, a Washington limited liability company (“Funko”), Loungefly, LLC, a California limited liability company (“Loungefly,” together with the Ultimate Parent, the Parent, Funko and each other Person that executes a Joinder Agreement and becomes a “Borrower” under the Credit Agreement (as defined below), each a “Borrower” and collectively, the “Borrowers”), the financial institutions which are now or which hereafter become a party to the Credit Agreement (collectively, the “Lenders” and each individually a “Lender”), PNC Bank, National Association (“PNC”), as collateral agent for the Lenders (in such capacity, together with its successors and permitted assigns in such capacity, the ”Collateral Agent”), PNC, as administrative agent for the Lenders (in such capacity, together with its successors and permitted assigns in such capacity, the ”Administrative Agent” and together with the Collateral Agent, each an “Agent” and collectively, the “Agents”), and PNC, as L/C Issuer (in such capacity, together with its successors and permitted assigns in such capacity, the “L/C Issuer”).  Terms used herein without definition shall have the meanings ascribed to them in the Credit Agreement defined below.

RECITALS

A.The Agent, L/C Issuer, Lenders and Borrowers, among others, have previously entered into that certain Credit Agreement dated as of October 22, 2018 (as amended hereby and as it may hereafter be amended, restated, amended and restated, supplemented, replaced or otherwise modified from time to time, the “Credit Agreement”), pursuant to which the Lenders have made certain loans and financial accommodations available to Borrowers.  All capitalized terms not otherwise defined herein shall have the meaning ascribed thereto in the Credit Agreement.

B.The Borrowers have requested that one or more Lenders increase their Revolving Credit Commitment, and certain Lenders have agreed to such requests on the terms and conditions set forth herein and Borrowers, Agent, L/C Issuer and certain Lenders desire to set forth their agreements in writing.

TERMS AND CONDITIONS

 

NOW, THEREFORE, with the foregoing background incorporated by reference and made a part hereof and intending to be legally bound, and in exchange for good and sufficient consideration, the sufficiency and receipt of which is acknowledged by each party hereto, the parties agree as follows:

1.Amendments to Credit Agreement.  Effective upon the satisfaction of the conditions set forth in Section 2 hereof, the Credit Agreement shall be amended (without creating any novation of the Credit Agreement or the Obligations) as follows:

(i)the reference to “$50,000,000” in the Recitals of the Credit 

 

 

Agreement is hereby deleted and replaced with “$75,000,000”; and

(ii) the definition of “Maximum Revolving Loan Amount” is hereby deleted in its entirety and replaced with the following: 

““Maximum Revolving Loan Amount” means $75,000,000.”

(a)Schedule 1.1(B) to the Credit Agreement is hereby amended and restated in its entirety as set forth on Exhibit A attached hereto.

2.Effectiveness Conditions.  This Amendment shall become effective on the first date that all of the following conditions have been fully satisfied (such date, the “First Amendment Effective Date”):

(i)Agent shall have received a fully executed copy of this Amendment. 

(ii)No Default or Event of Default shall have occurred and be continuing or result after giving effect to this Amendment. 

(iii)The representations and warranties made by each Borrower in the Credit Agreement and in the other Loan Documents are true and complete in all material respects with the same force and effect as if made on and as of such date (except to the extent any such representation or warranty expressly relates only to any earlier and/or specified date).

(iv)Agent shall have received a certificate dated as of the date hereof of an Authorized Officer of each Borrower certifying as to the matters set forth in in clause (ii) and (iii) above.

(v)Agent shall have received an opinion of Latham & Watkins LLP, counsel to the Borrowers, as to such customary matters as the Agents may reasonably request.

(vi)Agent shall have received an opinion of Garvey Schubert Barer, P.C., special Washington counsel to Funko, as to such customary matters as the Agents may reasonably request.

(vii)Agent shall have received, upon any Lender’s request, revolving credit Note(s), dated the date hereof, payable to such Lender in a face amount equal to the Revolving Credit Commitment of such Lender as provided on Exhibit A to this Amendment. 

(viii)Agent shall have received from Borrowers: 

(1)certifications of their corporate secretaries or an Authorized Officer with attached resolutions certifying that this Amendment has been approved by such Borrowers;

(2)a certificate of an Authorized Officer of each Borrower, certifying the names and true signatures of the representatives of such Borrower authorized to sign this Amendment and the other documents to be executed and delivered by such Borrower in 

2

 

 

connection herewith and therewith, together with evidence of the incumbency of such authorized officers/directors/representatives;

(3)a certificate of the appropriate official(s) of the jurisdiction of organization of each Borrower certifying as of a recent date not more than 30 days prior to the First Amendment Effective Date as to the subsistence in good standing of such Borrower in such jurisdictions; and

(4)a copy of the Governing Documents of each Borrower, together with all amendments thereto, or a certification that there has been no change in the Governing Documents from those delivered on the Closing Date, in either case, certified as of the Amendment Effective Date by an Authorized Officer of such Borrower.

(ix)Payment by Borrower in accordance with Section 12.04 of the Credit Agreement of all reasonable, documented and out-of-pocket fees, costs and expenses incurred by Agent on or prior to the date hereof, to the extent invoiced at least two (2) Business Days prior to the date hereof.

3.Reaffirmation.  Each Borrower expressly acknowledges the terms of this Amendment and reaffirms, as of the date hereof and on the First Amendment Effective Date, that its guarantee of the Guaranteed Obligations under the Guaranty and its grant of Liens on the Collateral to secure the Obligations pursuant to each Security Document to which it is a party, in each case, continues in full force and effect and extends to the obligations of such Borrower under the Loan Documents (including the Credit Agreement as amended by this Amendment) subject to any limitations set out in the Credit Agreement (as so amended) and any other Loan Document applicable to such Borrower.  Neither the execution, delivery, performance or effectiveness of this Amendment nor the modification of the Credit Agreement effected pursuant hereto:  (i) impairs the validity, effectiveness or priority of the Liens granted pursuant to any Security Document, and such Liens continue unimpaired with the same priority to secure repayment of all Obligations, whether heretofore or hereafter incurred; or (ii) requires that any new filings be made or other action be taken to perfect or to maintain the perfection of such Liens. 

4.GOVERNING LAW.  THIS AMENDMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK APPLICABLE TO CONTRACTS MADE AND TO BE PERFORMED IN THE STATE OF NEW YORK.

5.CONSENT TO JURISDICTION; SERVICE OF PROCESS AND VENUE, ETC.  ANY LEGAL ACTION OR PROCEEDING WITH RESPECT TO THIS AMENDMENT MAY BE BROUGHT IN THE COURTS OF THE STATE OF NEW YORK IN THE COUNTY OF NEW YORK OR OF THE UNITED STATES DISTRICT COURT FOR THE SOUTHERN DISTRICT OF NEW YORK, AND, BY EXECUTION AND DELIVERY OF THIS AMENDMENT, EACH PARTY HERETO HEREBY IRREVOCABLY ACCEPTS IN RESPECT OF ITS PROPERTY, GENERALLY AND UNCONDITIONALLY, THE EXCLUSIVE JURISDICTION OF THE AFORESAID COURTS.  EACH PARTY HERETO HEREBY IRREVOCABLY CONSENTS TO SERVICE OF PROCESS IN THE MANNER PROVIDED FOR NOTICES IN SECTION 12.01 OF THE CREDIT AGREEMENT, SUCH 

3

 

 

SERVICE TO BECOME EFFECTIVE 10 DAYS AFTER SUCH MAILING.  NOTHING HEREIN SHALL AFFECT THE RIGHT OF THE AGENT AND THE LENDERS TO SERVICE OF PROCESS IN ANY OTHER MANNER PERMITTED BY LAW OR TO COMMENCE LEGAL PROCEEDINGS OR OTHERWISE PROCEED AGAINST ANY OBLIGOR IN ANY OTHER JURISDICTION.  EACH PARTY HERETO HEREBY EXPRESSLY AND IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY LAW, ANY OBJECTION WHICH IT MAY NOW OR HEREAFTER HAVE TO THE JURISDICTION OR LAYING OF VENUE OF ANY SUCH LITIGATION BROUGHT IN ANY SUCH COURT REFERRED TO ABOVE AND ANY CLAIM THAT ANY SUCH LITIGATION HAS BEEN BROUGHT IN AN INCONVENIENT FORUM.  TO THE EXTENT THAT ANY PARTY HERETO HAS OR HEREAFTER MAY ACQUIRE ANY IMMUNITY FROM JURISDICTION OF ANY COURT OR FROM ANY LEGAL PROCESS (WHETHER THROUGH SERVICE OR NOTICE, ATTACHMENT PRIOR TO JUDGMENT, ATTACHMENT IN AID OF EXECUTION OR OTHERWISE) WITH RESPECT TO ITSELF OR ITS PROPERTY, EACH PARTY HERETO HEREBY IRREVOCABLY WAIVES SUCH IMMUNITY IN RESPECT OF ITS OBLIGATIONS UNDER THIS AMENDMENT AND THE OTHER LOAN DOCUMENTS.

EACH BORROWER, EACH AGENT AND EACH LENDER HEREBY WAIVES ANY RIGHT TO A TRIAL BY JURY IN ANY ACTION, PROCEEDING OR COUNTERCLAIM CONCERNING ANY RIGHTS UNDER THIS AMENDMENT, OR ARISING FROM ANY FINANCING RELATIONSHIP EXISTING IN CONNECTION WITH THIS AMENDMENT, AND AGREES THAT ANY SUCH ACTION, PROCEEDINGS OR COUNTERCLAIM SHALL BE TRIED BEFORE A COURT AND NOT BEFORE A JURY.  

6.Confidentiality.  Section 12.21 (Confidentiality) of the Credit Agreement is incorporated herein, mutatis mutandis, in connection with this Amendment and the transactions contemplated hereby.

7.Counterparts; Telecopy Execution.  This Amendment may be executed in any number of counterparts and by different parties hereto in separate counterparts, each of which when so executed shall be deemed to be an original and all of which taken together shall constitute but one and the same agreement.  Delivery of an executed counterpart of this Amendment by telecopy or electronic mail shall be equally effective as delivery of an original executed counterpart of this Amendment.  Any party delivering an executed counterpart of this Amendment by telecopy or electronic mail also shall deliver an original executed counterpart of this Amendment but the failure to deliver an original executed counterpart shall not affect the validity, enforceability, and binding effect of this Amendment.

8.Severability.  Any provision of this Amendment which is prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining portions hereof or affecting the validity or enforceability of such provision in any other jurisdiction.

[signature pages follow]

 

 

4

 

 

Each of the parties has signed this Amendment as of the day and year first above written.

 

BORROWERS:

 

FUNKO ACQUISITION HOLDINGS, L.L.C.

 

	
 
	
By:
	
/s/ Russell Nickel
Name: Russell Nickel
Title: Chief Financial Officer and Secretary

 

 

FUNKO HOLDINGS LLC

 

	
 
	
By:
	
/s/ Russell Nickel
Name: Russell Nickel
Title: Chief Financial Officer and Secretary

 

 

FUNKO, LLC

 

	
 
	
By:
	
/s/ Russell Nickel
Name: Russell Nickel
Title: Chief Financial Officer and Secretary

 

LOUNGEFLY, LLC

 

	
 
	
By:
	
/s/ Russell Nickel
Name: Russell Nickel
Title: Chief Financial Officer and Secretary

 

 

SIGNATURE PAGE TO FIRST AMENDMENT TO CREDIT AGREEMENT

 

US-DOCS\105711361.3

 

Very truly yours,

 

PNC BANK, NATIONAL ASSOCIATION, 

as Collateral Agent

 

	
 
	
By:
	
/s/ Robert Orzechowski
Name: Robert Orzechowski
Title: Vice President

6

 

 

PNC BANK, NATIONAL ASSOCIATION, 

as Administrative Agent

 

 

	
 
	
By:
	
/s/ Robert Orzechowski
Name: Robert Orzechowski
Title: Vice President

7

 

 

PNC BANK, NATIONAL ASSOCIATION, 

as a Lender

 

	
 
	
By:
	
/s/ Robert Orzechowski
Name: Robert Orzechowski
Title: Vice President

8

 

 

JPMORGAN CHASE BANK, N.A., 

as a Lender

 

	
 
	
By:
	
/s/ Michael Sachwitz
Name: Michael Sachwitz
Title: Authorized Officer

9

 

 

BANK OF THE WEST, 

as a Lender

 

	
 
	
By:
	
/s/ Leni Preciado
Name: Leni Preciado
Title: Director, Market Manager

10

 

 

HSBC Bank USA, National Association, 

as a Lender

 

	
 
	
By:
	
/s/ Mire K. Levy
Name: Mire K. Levy
Title: Vice President

11

 

 

KEYBANK NATIONAL ASSOCIATION, 

as a Lender

 

	
 
	
By:
	
/s/ Joseph M. Murry
Name: Joseph M. Murry
Title: Senior Vice President

12

 

 

BANK OF AMERICA, N.A., 

as a Lender

 

	
 
	
By:
	
/s/ Mark Guthrie
Name: Mark Guthrie
Title: Senior Vice President

13

 

 

MUFG UNION BANK, N.A., 

as a Lender

 

	
 
	
By:
	
/s/ Matthew Norman
Name: Matthew Norman
Title: Vice President

14

 

 

U.S. BANK NATIONAL ASSOCIATION, 

as a Lender

 

	
 
	
By:
	
/s/ Ken Case
Name: Ken Case
Title: Vice President

 

 

 

 

15

 

 

GOLDMAN SACHS BANK USA, 

as a Lender

 

	
 
	
By:
	
/s/ Annie Carr
Name: Annie Carr
Title: Authorized Signatory

16

 

 

CIT BANK, N.A., 

as a Lender

 

	
 
	
By:
	
/s/ Joseph Longobardi
Name: Joseph Longobardi
Title: Authorized Signatory

17

 

 

COLUMBIA BANK, 

as a Lender

 

	
 
	
By:
	
/s/ Kit Gerwels
Name: Kit Gerwels
Title: SVP

 

 

 

18

 

 

EXHIBIT A:

SCHEDULE 1.1(B)

COMMITMENTS OF LENDERS AND ADDRESSES FOR NOTICES

Part 1 - Commitments of Lenders and Addresses for Notices to Lenders

					
	

Lender
	
Amount of Commitment for Revolving Credit Loans
	
Amount of Commitment for Term Loans
	

Commitment
	

Ratable Share

	
Name: PNC Bank, National Association
Address:500 First Avenue, 4th Fl., Pittsburgh, PA 15219
Attention: Jessica Miller
Telephone:  (412) 768- 2307
Telecopy:  (412) 762-8672
	

$11,842,105.27
	

$37,105,263.15
	

$48,947,368.42
	
Revolving Credit Loans: 
15.789473693%

Term Loans:
15.789473680%

	
Name: JPMorgan Chase Bank, N.A.
Address: 1301 2nd Avenue, Floor 24, Seattle, WA 98101
Attention: Mike Sachwitz
Telephone: (206) 500-1353
E-mail: michael.j.sachwitz@chase.com 
	

$10,526,315.80
	

$32,982,456.13
	

$43,508,771.93
	
Revolving Credit Loans: 
14.035087733%

Term Loans:
14.035087715%

	
Name: Bank of the West
Address: 701 Pike Street, Suite 2250, Seattle, WA 98101
Attention: Leni Preciado
Telephone: (206) 223-1294
E-mail: Leni.Preciado@bankofthewest.com 
	

$7,894,736.84
	

$24,736,842.11
	

$32,631,578.95
	
Revolving Credit Loans: 
10.526315786%

Term Loans:
10.526315791%

	
Name: HSBC Bank USA, N.A.
Address: 452 Fifth Avenue, 5th Floor, New York, NY 10018
Attention: Mire Levy
Telephone: (206) 233-8793
Telecopy: (206) 233-0808
E-mail: mire.l.levy@us.hsbc.com 
	

$7,894,736.84
	

$24,736,842.11
	

$32,631,578.95
	
Revolving Credit Loans: 
10.526315786%

Term Loans:
10.526315792%

19

 

 

					
	
Name: KeyBank National Association
Address: 4910 Tiedeman Road, Brooklyn, OH 44144
Attention: Chelsey R. Locascio
Telephone: (206) 343-6911
E-mail: Chelsey_r_locascio@keybank.com 
	

$7,894,736.84
	

$24,736,842.11
	

$32,631,578.95
	
Revolving Credit Loans: 
10.526315786%

Term Loans:
10.526315791%

	
Name: Bank of America, N.A.
Address: 214 North Tryon Street, Charlotte, NC 28255
Attention: Mark Guthrie
Telephone: (980) 387-4947
E-mail: Mark.guthrie@bankofamerica.com 
	

$5,921,052.63
	

$18,552,631.58
	

$24,473,684.21
	
Revolving Credit Loans: 
7.89473684%

Term Loans:
7.894736843%

	
Name: MUFG Union Bank, N.A.
Address: 1201 3rd Avenue, Suite 900, Seattle, WA 98101
Attention: Matthew M Norman
Telephone: (206) 587-4787
E-mail: matthew.norman@unionbank.com 
	

$5,921,052.63
	

$18,552,631.58
	

$24,473,684.21
	
Revolving Credit Loans: 
7.89473684%

Term Loans:
7.894736843%

	
Name: U.S. Bank National Association
Address: 10800 NE 8th St. STE 1000, Bellevue, WA 98004
Attention: Ken Case
Telephone: (425) 637-2480
Telecopy: (425) 637-2561
E-mail: ken.case@usbank.com 
	

$5,921,052.63
	

$18,552,631.58
	

$24,473,684.21
	
Revolving Credit Loans: 
7.89473684%

Term Loans:
7.894736843%

	
Name: Goldman Sachs Bank USA
Address: 200 West Street, New York, NY 10282
Attn: Thierry C. Le Jouan
Telephone: (212) 934-3921
Telecopy:  (917) 977-3966
	

$4,605,263.16
	

$14,429,824.56
	

$19,035,087.72
	
Revolving Credit Loans: 
6.14035088%

Term Loans:
6.140350877%

20

 

 

					
	
Name: CIT Bank, N.A.

Address: 11 W 42nd Street, New York, NY 10036
Attention: Joseph Longobardi
Telephone: (212) 771-9309
E-mail: Joseph.Longobardi@cit.com 
	

$3,947,368.42
	

$12,368,421.05
	

$16,315,789.47
	
Revolving Credit Loans: 
5.263157893%

Term Loans:
5.263157894%

	
Name: Columbia Bank
Address: 719 2nd Avenue, Suite 500, Seattle, WA 98104
Attention: Christopher Gerwels
Telephone:  (206) 223- 4552
Telecopy:  (206) 223-4540
E-mail: cgerwels@columbiabank.com 
	

$2,631,578.94
	

$8,245,614.04
	

$10,877,192.98
	
Revolving Credit Loans: 
3.50877192%

Term Loans:
3.508771932%

	
Total
	
$75,000,000
	
$235,000,000
	
$310,000,000
	
100%

 

 

 

 

 

21

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