Document:

Exhibit 10.1

 

SIXTH AMENDMENT TO FOURTH AMENDED AND RESTATED

COLLATERAL AGENCY AGREEMENT

 

THIS SIXTH AMENDMENT to FOURTH
AMENDED AND RESTATED COLLATERAL AGENCY AGREEMENT, dated as of October 21, 2022 (this “Amendment”), is among WORLD OMNI
LT, a Delaware statutory trust (the “Borrower”), WORLD OMNI LEASE FINANCE LLC, a Delaware limited liability company
(“WOLF LLC”), AUTO LEASE FINANCE LLC, a Delaware limited liability company (the “Initial Beneficiary”),
AL HOLDING CORP., a Delaware corporation (“ALHC”), as Closed-End Collateral Agent, BANK OF AMERICA, N.A. (the
 “Deal Agent”), U.S. BANK NATIONAL ASSOCIATION (“U.S. Bank”), as Closed-End Administrative Agent
and the lenders party hereto (the “Required Warehouse Lenders”).

 

Background

 

1.       The
Borrower, the Initial Beneficiary, ALHC, the Deal Agent, U.S. Bank and certain secured parties from time to time have entered into that
certain Fourth Amended and Restated Collateral Agency Agreement, dated as of December 15, 2009, as amended by the First Amendment to Fourth
Amended and Restated Collateral Agency Agreement, dated as of October 30, 2015, the Second Amendment to Fourth Amended and Restated Collateral
Agency Agreement, dated as of October 27, 2017, the Third Amendment to Fourth Amended and Restated Collateral Agency Agreement, dated
as of October 26, 2018, the Fourth Amendment to Fourth Amended and Restated Collateral Agency Agreement, dated as of October 25, 2019
and the Fifth Amendment to Fourth Amended and Restated Collateral Agency Agreement, dated as of October 22, 2021 each among the Borrower,
WOLF LLC, the Initial Beneficiary, ALHC, the Deal Agent, U.S. Bank and certain secured parties (as further amended, supplemented or otherwise
modified through the date hereof, the “Agreement”).

 

2.The parties hereto desire
to amend the Agreement in certain respects as set forth herein.

 

NOW, THEREFORE, in consideration
of the foregoing and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties
hereto hereby agree as follows.

 

SECTION 1.     
Definitions. Capitalized terms used in this Amendment and not otherwise defined herein shall have the meanings assigned
thereto in the Agreement.

 

SECTION 2.     
Amendments to the Agreement. The Agreement is hereby amended as follows:

 

2.1             
Appendix A of the Agreement is hereby amended by deleting the definitions of “Alternate Reference Rate Loans”, “Available
Tenor”, “Benchmark”, “Benchmark Replacement”, “Benchmark Replacement Conforming Changes”, “Benchmark
Transition Event”, “Daily Simple SOFR”, “Early Opt-in Effective Date”, “Early Opt-in Election”,
 “One-Month LIBOR”, “Other Rate Early Opt-in”, “Relevant Governmental Body”, “SOFR”, “SOFR-Based
Rate”, “SOFR Early Opt-in” and “Term SOFR” in their entirety.

 

 

		1	   6th Amendment to Fourth Amended and Restated Collateral Agency Agreement

 

     

     

    

 

 

2.2             
Appendix A of the Agreement is hereby amended by adding each of the following definitions in its appropriate alphabetical order:

 

““Communication”
means this Collateral Agency Agreement, any Basic Document and any document, amendment, approval, consent, information, notice, certificate,
request, statement, disclosure or authorization related to any Basic Document.”

 

““Electronic Record”
and “Electronic Signature” shall have the meanings assigned to them, respectively, by 15 USC §7006, as it may
be amended from time to time.”

 

2.3             
The Agreement is hereby amended by deleting Section 5.10 in its entirety.

 

2.4             
The Agreement is hereby amended by adding the following as Section 5.10 and Section 5.11:

 

“Section
5.10. Electronic Execution; Electronic Records; Counterparts.

 

This Collateral Agency
Agreement, any Basic Document and any other Communication, including Communications required to be in writing, may be in the form of an
Electronic Record and may be executed using Electronic Signatures. Each of the parties hereto agrees that any Electronic Signature on
or associated with any Communication shall be valid and binding on such Person to the same extent as a manual, original signature, and
that any Communication entered into by Electronic Signature, will constitute the legal, valid and binding obligation of such Person enforceable
against such Person in accordance with the terms thereof to the same extent as if a manually executed original signature was delivered.
Any Communication may be executed in as many counterparts as necessary or convenient, including both paper and electronic counterparts,
but all such counterparts are one and the same Communication. For the avoidance of doubt, the authorization under this paragraph may include,
without limitation, use or acceptance of a manually signed paper Communication which has been converted into electronic form (such as
scanned into PDF format), or an electronically signed Communication converted into another format, for transmission, delivery and/or retention.
The Deal Agent and each of the Warehouse Facility Secured Parties may, at its option, create one or more copies of any Communication in
the form of an imaged Electronic Record (“Electronic Copy”), which shall be deemed created in the ordinary course
of such Person’s business, and destroy the original paper document. All Communications in the form of an Electronic Record, including
an Electronic Copy, shall be considered an original for all purposes, and shall have the same legal effect, validity and enforceability
as a paper record. Notwithstanding anything contained herein to the contrary, the Deal Agent is not under any obligation to accept an
Electronic Signature in any form or in any format unless expressly agreed to by the Deal Agent pursuant to procedures approved by it;
provided, further, without limiting the foregoing, (a) to the extent the Deal Agent has agreed to accept such Electronic Signature, the
Deal Agent and each of the Warehouse Facility Secured Parties shall be entitled to rely on any such Electronic Signature purportedly given
by or on behalf of any party hereto without further verification and regardless of the appearance or form of such Electronic Signature,
and (b) upon the request of the Deal Agent or any Warehouse Facility Secured Party, any Communication executed using an Electronic Signature
shall be promptly followed by a manually executed counterpart.

 

 

		2	   6th Amendment to Fourth Amended and Restated Collateral Agency Agreement

 

     

     

    

 

 

Neither the Deal Agent
nor the Closed-End Administrative Agent shall be responsible for or have any duty to ascertain or inquire into the sufficiency, validity,
enforceability, effectiveness or genuineness of any Basic Document or any other agreement, instrument or document (including, for the
avoidance of doubt, in connection with the Deal Agent’s or the Closed-End Administrative Agent’s reliance on any Electronic
Signature transmitted by telecopy, emailed .pdf or any other electronic means). Each of the Deal Agent and the Closed-End Administrative
Agent shall be entitled to rely on, and shall incur no liability under or in respect of this Collateral Agency Agreement or any other
Basic Document by acting upon, any Communication or any statement made to it orally or by telephone (which oral or telephonic statement
is confirmed in writing, including by email) and reasonably believed by it to be genuine and signed or sent or otherwise authenticated
(whether or not such Person in fact meets the requirements set forth in the Basic Documents for being the maker thereof).

 

Each of the parties
hereto hereby waives (i) any argument, defense or right to contest the legal effect, validity or enforceability of this Collateral Agency
Agreement and/or any other Basic Document based solely on the lack of paper original copies of this Collateral Agency Agreement and/or
such other Basic Document, and (ii) waives any claim against the Closed-End Administrative Agent, the Deal Agent and each Warehouse Facility
Secured Party for any liabilities arising solely from the Deal Agent’s and/or any Warehouse Facility Secured Party’s reliance
on or use of Electronic Signatures, including any liabilities arising as a result of the failure of any Relevant Entity to use any available
security measures in connection with the execution, delivery or transmission of any Electronic Signature.”

 

“Section
5.11. Corporate Capacity.

 

Each of the parties
represents and warrants to the other parties that it has the corporate capacity and authority to execute this Collateral Agency Agreement
and any other Communication through electronic means and there are no restrictions on doing so in that party’s constitutive documents.”

 

SECTION 3.     
 Miscellaneous. The Agreement, as amended hereby, remains in full force and effect. Any reference to the Agreement from
and after the date hereof shall be deemed to refer to the Agreement as amended hereby, unless otherwise expressly stated. This Amendment
shall be governed by, and construed in accordance with, the internal laws of the State of New York without regard to otherwise applicable
principles of conflicts of law (other than Section 5-1401 of the New York General Obligations Law). This Amendment may, if agreed by the
Deal Agent, be in the form of an Electronic Record and be executed using Electronic Signatures (including, without limitation, facsimile
and .pdf) and shall be considered an original, and shall have the same legal effect, validity and enforceability as a paper record. This
Amendment may be executed in as many counterparts as necessary or convenient, including both paper and electronic counterparts, but all
such counterparts are one and the same Amendment. For the avoidance of doubt, the authorization under this paragraph may include, without
limitation, use or acceptance by the Deal Agent of a manually signed paper Communication which has been converted into electronic form
(such as scanned into PDF format), or an electronically signed Communication converted into another format, for transmission, delivery
and/or retention. Notwithstanding anything contained herein to the contrary, the Deal Agent is under no obligation to accept an Electronic
Signature in any form or in any format unless expressly agreed to by the Deal Agent pursuant to procedures approved by it; provided, further,
without limiting the foregoing, (a) to the extent the Deal Agent has agreed to accept such Electronic Signature, the Deal Agent and the
Closed-End Administrative Agent shall be entitled to rely on any such Electronic Signature without further verification and (b) upon the
request of the Deal Agent any Electronic Signature shall be promptly followed by a manually executed, original counterpart. For purposes
hereof, “Electronic Record” and “Electronic Signature” shall have the meanings assigned to them, respectively,
by 15 USC §7006, as it may be amended from time to time.

 

 

		3	   6th Amendment to Fourth Amended and Restated Collateral Agency Agreement

 

     

     

    

 

SECTION 4.     
Effective Date of this Amendment. This Amendment shall become effective on the date that the Deal Agent shall have received
the following:

 

(a)              
counterparts of this Amendment (including facsimile copies) duly executed by all of the parties hereto;

 

(b)              
an Officer’s Certificate of the Borrower to the Closed-End Administrative Agent to the effect that this Amendment will not
materially adversely affect the interests of any Exchange Noteholder; and

 

(c)              
a tax opinion, as required pursuant to Section 9.5 of the Agreement.

 

 

[SIGNATURE PAGES FOLLOW]

 

 

		4	   6th Amendment to Fourth Amended and Restated Collateral Agency Agreement

 

     

     

    

 

 

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

 

 

 

WORLD OMNI LT.,

as Borrower

 

By: VT INC., as trustee

 

 

By:  /s/ Christopher J. Nuxoll                

Name: Christopher J. Nuxoll

Its: Vice President

 

 

 

AUTO LEASE FINANCE LLC,

as Initial Beneficiary

 

By: /s/ Ronald J. Virtue                       

Name: Ronald J. Virtue

Its: Assistant Treasurer

 

 

		S-1	  6th Amendment to Fourth Amended and Restated Collateral Agency Agreement

 

     

     

    

 

 

 

 

AL HOLDING CORP.

as Closed-End Collateral Agent

 

 

By:  /s/ Albert J. Fioravanti           

Name: Albert J. Fioravanti

Title: President

 

 

 

		S-2	  6th Amendment to Fourth Amended and Restated Collateral Agency Agreement

 

     

     

    

 

BANK OF AMERICA, N.A.,

as Deal Agent, Group Agent and as an Alternate Lender

 

 

By:  /s/ Christopher Jonas             

Name: Christopher Jonas

Title: Managing Director

 

 

		S-3	  6th Amendment to Fourth Amended and Restated Collateral Agency Agreement

 

     

     

    

 

 

U.S. BANK NATIONAL ASSOCIATION,

as Closed-End Administrative Agent

 

 

By: /s/ Christopher J. Nuxoll            

Name: Christopher J. Nuxoll

Title: Vice President

 

 

 

		S-4	  6th Amendment to Fourth Amended and Restated Collateral Agency Agreement

 

 

     

     

    

 

 

GOTHAM FUNDING CORPORATION, as a Conduit Lender

By: /s/ Kevin J. Corrigan                         

Name: Kevin J. Corrigan

Title: Vice President

 

 

 

MUFG BANK, LTD., as a Group Agent

By: /s/ Christopher Pohl                        

Name: Christopher Pohl

Title: Managing Director

 

 

 

MUFG BANK, LTD., as an Alternate Lender

By:  /s/ Christopher Pohl                     

Name: Christopher Pohl

Title: Managing Director

 

 

 

		S-5	  6th Amendment to Fourth Amended and Restated Collateral Agency Agreement

 

     

     

    

 

 

TD SECURITIES INC., as a Group Agent

By: /s/ Peter O’Sullivan                   

Name: Peter O’Sullivan

Title: Director

 

 

 

THE TORONTO-DOMINION BANK,

as an Alternate Lender

By: /s/ Brad Purkis                        

Name: Brad Purkis

Title: Managing Director

 

 

 

BANNER TRUST,

as a Conduit Lender

By:  /s/ Peter O’Sullivan             

Name: Peter O’Sullivan

Title: Director

 

 

		S-6	  6th Amendment to Fourth Amended and Restated Collateral Agency Agreement

 

     

     

    

 

 

 

WELLS FARGO BANK, N.A., as a Group Agent and as an Alternate
Lender

By: /s/ Austin Vanassa                     

Name: Austin Vanassa

Title: Managing Director

 

 

By: /s/ Austin Vanassa                     

Name: Austin Vanassa

Title: Managing Director

 

 

 

		S-7	  6th Amendment to Fourth Amended and Restated Collateral Agency Agreement

 

 

     

     

    

 

 

ACKNOWLEDGED AND AGREED:

WORLD OMNI LEASE FINANCE LLC

By: /s/ Ronald J. Virtue                   

Name: Ronald J. Virtue

Title: Assistant Treasurer

 

 

 

		S-8	  6th Amendment to Fourth Amended and Restated Collateral Agency AgreementEX-4.3

 Exhibit 4.3 
  

			
	 CERTIFICATE
#                
	  	NUMBER OF SUBSCRIPTION RIGHTS:                    

 THE TERMS AND CONDITIONS OF THE RIGHTS OFFERING ARE SET FORTH IN THE COMPANY’S PROSPECTUS DATED
            , 2022 (THE “PROSPECTUS”) AND ARE INCORPORATED HEREIN BY REFERENCE. COPIES OF THE PROSPECTUS ARE AVAILABLE AT THE SECURITIES AND EXCHANGE COMMISSION’S
WEBSITE AT WWW.SEC.GOV AND UPON REQUEST FROM MORROW SODALI LLC, AS INFORMATION AGENT. 
 EARGO, INC. 

Incorporated under the laws of the State of Delaware

NON-TRANSFERRABLE SUBSCRIPTION RIGHTS CERTIFICATE

Evidencing Subscription Rights, each to purchase 9.5151 shares of Eargo, Inc. Common Stock (“shares”), 

Subscription Price: $0.50 per share 

THE SUBSCRIPTION RIGHTS WILL EXPIRE IF NOT EXERCISED ON OR BEFORE 5:00. P.M., EASTERN TIME, ON NOVEMBER 17, 2022, 

SUBJECT TO EXTENSION. 
 REGISTERED
OWNER: 
 THIS CERTIFIES THAT the registered owner whose name is inscribed hereon is the owner of the number of subscription rights
(“Subscription Rights”) set forth above. Each Subscription Right entitles the holder thereof to subscribe for and purchase (the “Basic Subscription Privilege”) 9.5151 shares of common stock, par value of $0.0001 per
share, of Eargo, Inc., a Delaware corporation (the “Company”), at a subscription price of $0.50 per share (the “Subscription Price”) pursuant to a rights offering (the “Rights Offering”) and on the
terms and subject to the conditions set forth in the Prospectus and the “Instructions as to Use of Eargo, Inc.’s Rights Certificates” accompanying this Subscription Rights Certificate. If you exercise your Basic Subscription Privilege
in full, and any portion of the shares remain available under the Rights Offering, you will be entitled to an over-subscription privilege (the “Oversubscription Privilege”) to purchase a portion of the unsubscribed shares at the
Subscription Price, subject to proration, ownership limitations, and certain other limitations set forth in the Prospectus. Each Subscription Right consists of a Basic Subscription Privilege and an Oversubscription Privilege. The Subscription Rights
represented by this Subscription Rights Certificate may be exercised by completing the appropriate forms on the reverse side hereof and by returning the full payment of the Subscription Price for each share. If the Company is unable to issue the
subscriber the full amount of shares requested, the Subscription Agent will return to the subscriber any excess funds submitted as soon as practicable, without interest or deduction. This Subscription Rights Certificate is not valid unless
countersigned by Continental Stock Transfer & Trust Company, the Subscription Agent. 
 WITNESS the signatures of the duly
authorized officers of Eargo, Inc. 
  

					
	  
	 		  	 Countersigned and Registered

	 Christian Gormsen

President and Chief Executive Officer
	 		  	
By:                      
                                         
     

			
		 		  	 Continental Stock Transfer & Trust Company, LLC

	  
 Adam Laponis

Chief Financial Officer
	 		  	

 DELIVERY OPTIONS FOR SUBSCRIPTION RIGHTS CERTIFICATE 

FOR DELIVERY BY HAND DELIVERY, FIRST CLASS MAIL OR COURIER SERVICE: 

Continental Stock Transfer & Trust Company 

1 State Street Plaza 30th Floor 

New York, NY 10004 
 Attn: Corporate
Actions – Eargo, Inc. 
 DELIVERY OTHER THAN IN THE MANNER OR TO THE ADDRESSES LISTED ABOVE WILL NOT CONSTITUTE VALID DELIVERY

 PLEASE PRINT ALL INFORMATION CLEARLY AND LEGIBLY 

FORM 1-EXERCISE OF SUBSCRIPTION RIGHTS 

You have been allocated the number of shares shown on this Subscription Rights Certificate. To subscribe for shares pursuant to your Basic
Subscription Privilege, please complete lines (a) and (c) and sign under Form 3 below. To subscribe for shares pursuant to your Oversubscription Privilege, please also complete line (b) and sign under Form 3 below. 

(a) EXERCISE OF BASIC SUBSCRIPTION PRIVILEGE AND OVERSUBSCRIPTION PRIVILEGE: 

 

					
	
I subscribe for                   
 
	  	Shares x $0.50	  	= $                    
	 (Number of shares)
	  	(exercise price)	  	(amount)*

 (b) EXERCISE OF OVERSUBSCRIPTION PRIVILEGE: 

If you have exercised your Basic Subscription Privilege in full and wish to subscribe for additional shares pursuant to your Oversubscription
Privilege: 
  

					
	
I subscribe for                   
 
	  	Shares x $0.50	  	= $                    
	 (Number of shares)
	  	(exercise price)	  	(amount)

 (c) Total Amount of Payment Enclosed (lines (a) plus (b)) =
$                     

METHOD OF PAYMENT (CHECK ONE) 
  

	 ☐
	 Check, certified check, or U.S. Postal money order payable to “Continental Stock Transfer & Trust
Company, as subscription agent for Eargo, Inc.” 

  

	 ☐
	 Wire transfer of immediately available funds directly to the account maintained by Continental Stock
Transfer & Trust Company, LLC, as Subscription Agent, for purposes of accepting subscriptions in this rights offering at: JPMorgan Chase Bank; ABA #021000021; Acct # 475468767; Reference: Eargo, Inc. 

 

	
	

  

					
	 FORM 2-TRANSFER TO DESIGNATED TRANSFEREE

 
 To transfer your subscription rights to another person as
permitted solely (i) by operation of law (e.g., by death) or (ii) by holders that are closed-end funds to funds affiliated with such holders, complete this Form 2, sign under Form 3 and have your
signature guaranteed under Form 4. For value received         of the shares represented by this Subscription Rights Certificate are assigned to (you must obtain a MEDALLION SIGNATURE GUARANTEE.):

 
 Issue payment to:

 
 Name:
                                         
                   
 (Please
Print)
  
 Address:
                                         
               
  

                      
                                         
          
 (Include Zip Code)

 

                       
                                         
          
 (Tax Identification or Social Security No.)
	  	 FORM 3-SIGNATURE

 
 TO SUBSCRIBE: I acknowledge that I have received the
Prospectus for the Rights Offering and I hereby irrevocably subscribe for the number of shares indicated above on the terms and conditions specified in the Prospectus.

 
 Signature(s):
                                         
               
  

IMPORTANT: The signature(s) must correspond with the name(s) as printed on the face of this Subscription Rights Certificate in every
particular, without alteration or enlargement, or any other change whatsoever.
	  	 FORM 4-SIGNATURE GUARANTEE

 
 This form must be completed if you have completed any
portion of Form 2.
  
 Signature Guaranteed:
                                

                        
(Name of Bank or Firm)
  
 By:
                                         
               
 (Signature of Officer)

 
 IMPORTANT: The signature(s) should be guaranteed by an
eligible guarantor institution (bank, stock broker, savings & loan association or credit union) with membership in an approved signature guarantee medallion program pursuant to Securities and Exchange Commission Rule 17Ad-15.

 ANY QUESTIONS OR REQUESTS FOR ASSISTANCE CONCERNING THE RIGHTS OFFERING SHOULD BE DIRECTED TO 

MORROW SODALI LLC, THE INFORMATION AGENT, TOLL-FREE AT (800) 662-5200 AND VIA EMAIL AT
EAR.info@investor.morrowsodali.com. Banks and Brokers, please call (203) 658-9400.

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