Document:

EX-10.113

 Exhibit 10.113 

EXECUTION COPY 
  

 
  

CHL GMSR ISSUER TRUST, 
 as Issuer

 and 
 CITIBANK, N.A., 

as Indenture Trustee 
 and 

CALIBER HOME LOANS, INC., 
 as
Servicer and Administrator 
 and 

CREDIT SUISSE FIRST BOSTON MORTGAGE CAPITAL LLC, 

as Administrative Agent 
 and
consented to by 
 CREDIT SUISSE AG, CAYMAN ISLANDS BRANCH, 

as Noteholder 
  

 
 AMENDMENT NO. 3

 Dated as of July 13, 2020 

to the 
 Base Indenture 

Dated as of April 2, 2018 
  

 
  

 This Amendment No. 3 (this “Amendment”) to the Base Indenture
(as defined below) is entered into as of July 13, 2020, by and among CHL GMSR ISSUER TRUST, as issuer (the “Issuer”), CITIBANK, N.A., as indenture trustee (the “Indenture Trustee”), CALIBER HOME
LOANS, INC. (“Caliber”), as administrator (in such capacity, the “Administrator”) and as servicer (in such capacity, the “Servicer”) and CREDIT SUISSE FIRST BOSTON MORTGAGE
CAPITAL LLC (“CSFB”), as administrative agent (the “Administrative Agent”), and is acknowledged and agreed to by PENTALPHA SURVEILLANCE LLC, as credit manager (the “Credit
Manager”), and is consented to by CREDIT SUISSE AG, CAYMAN ISLANDS BRANCH (“CSCIB”), as noteholder (the “Noteholder”). Capitalized terms used but not otherwise defined herein shall have
the meanings assigned to them in the Existing Base Indenture (as defined below). 
 W I T N E S S E T H: 

WHEREAS, Caliber, as settlor and as administrator, and Wilmington Savings Fund Society, FSB, as owner trustee
(“WSFS”), are parties to that certain Amended and Restated Trust Agreement, dated as of April 2, 2018 (the “Trust Agreement”); 

WHEREAS, the Issuer, Citibank, as Indenture Trustee, 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”), the Administrator, the Servicer, the Administrative Agent and
the Credit Manager are parties to that certain Base Indenture, dated as of April 2, 2018 (as amended by Amendment No. 1, dated as of May 7, 2018 and Amendment No. 2, dated as of November 21, 2019, and as the same may be
further amended, restated, supplemented, or otherwise modified from time to time, the “Existing Base Indenture”), and as supplemented by the Series 2018-VF1 Indenture Supplement, dated
as of April 2, 2018, (as amended by Amendment No. 1 thereto, dated as of January 9, 2019, Amendment No. 2, dated as of October 22, 2019, and Amendment No. 3, dated November 21, 2019, and as the same may be further
amended, restated, supplemented or otherwise modified from time to time) by and among the Issuer, the Indenture Trustee, the Calculation Agent, the Paying Agent, the Securities Intermediary, the Administrator, the Servicer and the Administrative
Agent (the “Series 2018-VF1 Indenture Supplement”); 
 WHEREAS, the Issuer,
the Indenture Trustee, the Administrator, the Servicer and the Administrative Agent have agreed, subject to the terms and conditions of this Amendment, that the Existing Base Indenture be amended to reflect certain agreed upon revisions to the terms
of the Existing Base Indenture; 
 WHEREAS, pursuant to Section 12.1(b) of the Existing Base Indenture, the Issuer, the Indenture
Trustee, the Administrator, the Servicer, and the Administrative Agent may amend the Existing Base Indenture for the purpose of adding any provisions to, or changing in any manner or eliminating any of the provisions of the Existing Base Indenture,
without the consent of any of the Noteholders or any other Person, upon (i) delivery of an Issuer Tax Opinion, (ii) delivery to the Indenture Trustee of an Officer’s Certificate to the effect that the Issuer reasonably believes that
such amendment could not have a material Adverse Effect on any Outstanding Notes and is not reasonably expected to have a material Adverse Effect at any time in the future, and (iii) each Note Rating Agency currently rating the Outstanding
Notes confirms in writing to the Indenture Trustee that such amendment will not cause a Ratings Effect on any Outstanding Notes; 

  
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 WHEREAS, as of the date hereof and prior to the execution of this Amendment, there is no
Note Rating Agency; 
 WHEREAS, pursuant to Section 12.3 of the Existing Base Indenture, the Issuer shall also deliver to the Indenture
Trustee an Opinion of Counsel stating that the execution of such amendment to the Existing Base Indenture is authorized and permitted by the Existing Base Indenture and that all conditions precedent thereto have been satisfied (the
“Authorization Opinion”), and pursuant to Section 1.3 of the Existing Base Indenture, the Issuer shall deliver (i) an Officer’s Certificate stating that all conditions precedent, if any, provided for in the
Existing Base Indenture relating to a proposed action have been complied with, and (ii) an Opinion of Counsel stating that in the opinion of such counsel all such conditions precedent, if any, have been complied with; and 

NOW THEREFORE, in consideration of the premises and mutual agreements herein and for other good and valuable consideration, the receipt and
sufficiency of which is hereby acknowledged, the Issuer, the Indenture Trustee, the Administrator, the Servicer and the Administrative Agent hereby agree as follows: 

SECTION 1.    Amendment to the Existing Base Indenture. The Existing Base Indenture is hereby amended by deleting
the definition of “DQP Delinquency Ratio” from Section 1.1 thereof in its entirety and replacing it with the following: 

DQP Delinquency Ratio: As of the last day of any calendar month, the ratio equal to (x) the aggregate amount of
delinquent principal and interest payments (with delinquency being determined in accordance with the provisions of the Ginnie Mae Contract), divided by (y) the aggregate monthly Fixed Installment Control for all Mortgage Pools due to the
Servicer. 
 SECTION 2.    Conditions to Effectiveness of this Amendment. This Amendment shall become effective
upon: 
 (a)    the execution and delivery of this Amendment by all parties hereto; 

(b)    the delivery of an Issuer Tax Opinion; 

(c)    the delivery of an Authorization Opinion; 

(d)    the Administrative Agent shall have provided its prior written consent to this Amendment; 

(e)    the Issuer shall have furnished to the Indenture Trustee (1) an Officer’s Certificate stating that
(A) all conditions precedent, if any, provided for in the Existing Base Indenture relating to the proposed action have been complied with, and (B) the Issuer reasonably believes that such amendment could not have a material Adverse Effect
on any Outstanding Notes and is 

  
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not reasonably expected to have a material Adverse Effect at any time in the future; and (2) an Opinion of Counsel stating that in the opinion of such counsel all such conditions precedent,
if any, have been complied with; and 
 (f)    the delivery of an Opinion of Counsel stating that the execution of such
amendment is authorized or permitted by the Trust Agreement and that all conditions precedent have been met. 
 SECTION
3.    No Default; Representations and Warranties. Caliber and the Issuer hereby represents and warrants to the Indenture Trustee and the Administrative Agent that as of the date hereof 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 remains bound by the terms thereof, and that no Event of Default has occurred or is continuing on the date hereof, and hereby confirms and
reaffirms the representations and warranties contained in Section 9.1 of the Existing Base Indenture. 
 SECTION
4.    Single Agreement. Except as expressly amended and modified by this Amendment, all of the terms and conditions of the Existing Base Indenture remain in full force and effect and are hereby reaffirmed. 

SECTION 5.    Successors and Assigns. This Amendment shall be binding upon the parties hereto and their respective
successors and assigns. 
 SECTION 6.    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 7.    GOVERNING LAW. THIS AMENDMENT AND ANY CLAIM, CONTROVERSY OR DISPUTE ARISING UNDER OR RELATED TO OR IN
CONNECTION WITH THIS BASE INDENTURE, THE RELATIONSHIP OF THE PARTIES HERETO, AND/OR THE INTERPRETATION AND ENFORCEMENT OF THE RIGHTS AND DUTIES OF THE PARTIES HERETO WILL BE CONSTRUED IN ACCORDANCE WITH AND GOVERNED BY THE LAWS OF THE STATE OF NEW
YORK (WITHOUT REFERENCE TO THE CONFLICT OF LAW PRINCIPLES THEREOF OTHER THAN SECTIONS 5-1401 AND 5-1402 OF THE NEW YORK GENERAL OBLIGATIONS LAW) AND THE OBLIGATIONS,
RIGHTS AND REMEDIES OF THE PARTIES HEREUNDER SHALL BE DETERMINED IN ACCORDANCE WITH SUCH LAWS. 
 SECTION
8.    Counterparts. This Amendment may be executed simultaneously in any number of counterparts. Each counterpart shall be deemed to be an original, and all such counterparts shall constitute one and the same instrument.
Delivery of an executed counterpart of a signature page by facsimile, .pdf format, or other electronic transmission shall be effective as delivery of a manually executed counterpart of this Amendment. The parties agree that this Amendment or any
other document necessary for the consummation of the transactions contemplated by this Amendment may be accepted, executed or agreed to through the use of an electronic signature in accordance with the Electronic Signatures in Global and National

  
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Commerce Act, 15 U.S.C. § 7001 et seq, Official Text of the Uniform Electronic Transactions Act as approved by the National Conference of Commissioners on Uniform State Laws at its Annual
Conference on July 29, 1999 and any applicable state law. Any document accepted, executed or agreed to in conformity with such laws will be binding on all parties hereto to the same extent as if it were physically executed and each party hereby
consents to the use of any secure third party electronic signature capture service with appropriate document access tracking, electronic signature tracking and document retention. 

SECTION 9.    Owner Trustee Limitation of Liability. It is expressly understood and agreed by the parties hereto
that (a) this Amendment is executed and delivered by WSFS, not individually or personally but solely as trustee of the Issuer, in the exercise of the powers and authority conferred and vested in it, (b) each of the representations,
warranties, undertakings and agreements herein made on the part of the Issuer is made and intended not as personal representations, warranties, undertakings and agreements by WSFS 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 WSFS, 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) WSFS 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 WSFS 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 any other related documents. 
 [Signatures appear on the following pages] 

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

			
	CHL GMSR ISSUER TRUST, as Issuer
	
	By: Wilmington Savings Fund Society, FSB, not in its individual capacity but solely as Owner Trustee
		
	By:	 	 /s/ Shaheen Mohajer

	Name:	 	Shaheen Mohajer
	Title:	 	Vice President

  
 [Signature
Page to CHL GMSR Issuer Trust - Amendment No. 3 to Base Indenture] 

 
			
	CALIBER HOME LOANS, INC., as Administrator and Servicer
		
	By:	 	 /s/ William Dellal

	Name:	 	William Dellal
	Title:	 	President

  
 [Signature
Page to CHL GMSR Issuer Trust - Amendment No. 3 to Base Indenture] 

 
			
	CREDIT SUISSE FIRST BOSTON MORTGAGE CAPITAL LLC, as Administrative Agent
		
	By:	 	 /s/ Dominic Obaditch

	Name:	 	Dominic Obaditch
	Title:	 	Vice President

  
 [Signature
Page to CHL GMSR Issuer Trust - Amendment No. 3 to Base Indenture] 

 
			
	CITIBANK, N.A., as Indenture Trustee, Calculation Agent, Paying Agent and Securities Intermediary and not in its individual capacity
		
	By:	 	 /s/ Jennifer McCourt

	Name:	 	Jennifer McCourt
	Title:	 	Senior Trust Officer

  
 [Signature
Page to CHL GMSR Issuer Trust - Amendment No. 3 to Base Indenture] 

 
			
	CONSENTED TO BY:
	
	CREDIT SUISSE AG, CAYMAN ISLANDS BRANCH, as 100% Noteholder of the Series 2018-VF1 Note and Series 2018-ADV1 Note
		
	By:	 	 /s/ Dominic Obaditch

	Name:	 	Dominic Obaditch
	Title:	 	Authorized Signatory
		
	By:	 	 /s/ Margaret Dellafera

	Name:	 	Margaret Dellafera
	Title:	 	Authorized Signatory

  
 [Signature
Page to CHL GMSR Issuer Trust - Amendment No. 3 to Base Indenture] 

			
	ACKNOWLEDGED AND AGREED TO BY:
	
	PENTALPHA SURVEILLANCE LLC, as Credit Manager

 
			
		
	By:	 	 /s/ James Callahan

	Name:	 	
	Title:	 	

  
 [Signature
Page to CHL GMSR Issuer Trust - Amendment No. 3 to Base Indenture]Exhibit 10.1

 

SECOND
AMENDMENT TO THE

EMPLOYMENT AGREEMENT

 

This SECOND
AMENDMENT, dated October 1, 2020 (the “Second Amendment”) amends the Employment Agreement, dated as of
January 6, 2020 (as amended, the “Agreement”) by and between Sequential Brands Group, Inc. (the “Company”)
and David Conn. (“Executive” and, collectively with the Company, the “Parties”).

 

For good
and valuable consideration, the sufficiency of which the Parties do hereby acknowledge, the Parties, by executing this Amendment,
agree as follows:

 

		1.	Definitions.
                                         Capitalized terms used in this Amendment and not otherwise defined herein shall have
                                         the meaning provided in the Agreement.

 

		2.	Amendments.

 

		(a)	The
                                         Parties acknowledge and agree that the Reduction Period (as defined in the First Amendment
                                         dated as of May 29, 2020 (the “First Amendment”) shall continue
                                         through September 30, 2020, and that, effective as of October 1, 2020, the
                                         Executive’s Base Salary shall return to $600,000 per year. Accordingly, the Executive
                                         acknowledges and agrees that the Difference (as defined in the First Amendment) is equal
                                         to $60,000.

 

		3.	Miscellaneous.

 

		(a)	Each
                                         Party hereby represents and warrants to the other Party that: (i) such Party has
                                         the full power and authority to enter into this Second Amendment and to fulfill its obligations
                                         hereunder and (ii) when this Second Amendment is executed and delivered by such
                                         Party, this Second Amendment will constitute the legal, valid and binding obligation
                                         of such Party, enforceable against such Party in accordance with its terms.

 

		(b)	This
                                         Second Amendment may be executed in counterparts, each of which shall be deemed an original
                                         but all of which together shall constitute one and the same instrument. The counterparts
                                         of this Second Amendment may be executed and delivered by facsimile or PDF e-mail signature
                                         by any of the Parties to any other Party and the receiving Party may rely on the receipt
                                         of such document so executed and delivered by facsimile or PDF e-mail as if the original
                                         had been received.

 

		(c)	Except
                                         as specifically amended and/or modified by this Second Amendment, the Agreement is hereby
                                         ratified and confirmed and all other terms of the Agreement shall remain in full force
                                         and effect, unaltered and unchanged by this Amendment.

 

[REMAINDER
OF PAGE INTENTIONALLY LEFT BLANK]

 

    1

     

    

 

IN
WITNESS WHEREOF, the Parties have duly executed this Amendment as of the date first written
above.

 

	 	SEQUENTIAL BRANDS GROUP, INC.
	 	 
	 	By:	/s/
    Daniel Hanbridge 

	 	Name: Daniel Hanbridge
	 	Title: Interim CFO

 

	 	EXECUTIVE
	 	 
	 	By:	/s/ David Conn

	 	David Conn

 

[Signature
page to the Second Amendment]

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