Document:

Exhibit 10.32

 

NINTH AMENDMENT

TO FIRST AMENDED AND RESTATED LOAN PROGRAM AGREEMENT

 

This NINTH AMENDMENT TO THE
FIRST AMENDED AND RESTATED LOAN PROGRAM AGREEMENT (this “Amendment”) is made as of February 17, 2021 (the “Amendment
Effective Date”) by and between CROSS RIVER BANK, an FDIC-insured New Jersey state-chartered bank (“Bank”),
and SUNLIGHT FINANCIAL LLC, a Delaware limited liability company (“Sunlight”), amends the terms of that certain First
Amended and Restated Loan Program Agreement dated as of February 12, 2018, by and between Bank and Sunlight (as previously amended, the
“Existing Agreement” and as amended by this Amendment, the “Agreement”). Sunlight and Bank are collectively
referred to herein as the “Parties”. Capitalized terms used herein but not otherwise defined herein shall have the
meanings set forth therefor in the Existing Agreement.

 

RECITALS

 

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

 

WHEREAS, the Parties
now desire to amend certain terms and conditions in the Existing Agreement, including, without limitation, to permit the Loans (as defined
in the Existing Agreement) to be provided to Borrowers who are fluent only in Spanish pursuant to Spanish language Loan Documents (as
defined in the Existing Agreement);

 

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

 

		1.	APPROVALS UNDER THE EXISTING AGREEMENT

 

		1.1.	Pursuant to Section 3.1(v) of the Existing Agreement, Bank has provided its prior written consent for
Sunlight’s use of the Spanish language Loan Documents for all purposes under the Existing Agreement. For the avoidance of doubt,
the forms of the Loan Documents shall not be modified without Bank’s prior written consent.

 

     

     

    

 

		2.	EFFECTIVENESS OF THE AGREEMENT

 

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

 

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

 

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

 

 

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

 

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

 

 

 

3Exhibit 10.33

 

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

 

OMNIBUS

WAIVER AND TENTH AMENDMENT

TO FIRST AMENDED AND RESTATED LOAN PROGRAM AGREEMENT

AND

WAIVER AND THIRD AMENDMENT

TO AMENDED AND RESTATED LOAN SALE AGREEMENT

 

This OMNIBUS WAIVER AND TENTH
AMENDMENT TO THE FIRST AMENDED AND RESTATED LOAN PROGRAM AGREEMENT AND WAIVER AND THIRD AMENDMENT TO AMENDED AND RESTATED LOAN SALE AGREEMENT
(this “Amendment”) made as of January 28, 2021 (the “Amendment Effective Date”) by and between CROSS
RIVER BANK, an FDIC-insured New Jersey state-chartered bank (“Bank”), and SUNLIGHT FINANCIAL LLC, a Delaware limited
liability company (“Sunlight”), amends the terms of (a) that certain First Amended and Restated Loan Program Agreement,
dated as of February 12, 2018, by and between Bank and Sunlight (as previously amended, the “Existing Agreement” and
as amended by this Amendment, the “Program Agreement”) and (b) that certain Amended and Restated Loan Sale Agreement,
dated as of February 12, 2018, by and between Bank and Sunlight (as previously amended, the “Existing Loan Sale Agreement”
and as amended by this Amendment, the “Loan Sale Agreement”; the Existing Loan Sale Agreement, together with the Existing
Program Agreement, the “Existing Agreements” and each an “Existing Agreement”; the Loan Sale Agreement,
together with the Program Agreement, the “Agreements” and each an “Agreement”). Sunlight and Bank
are collectively referred to herein as the “Parties”. Capitalized terms used herein but not otherwise defined herein
shall have the meanings set forth therefor in the Existing Agreements.

 

RECITALS

 

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

 

WHEREAS, the Parties
now desire to amend certain terms and conditions in the Existing Agreements to ensure that the terms and conditions set forth in the Existing
Agreements reflect the actual practices and procedures of the Parties in connection with the Program (as defined in the Existing Agreements);

 

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

 

		1.	WAIVERS OF THE EXISTING AGREEMENTS

 

		1.1.	Bank hereby waives any breach by Sunlight of, or any default by Sunlight under, Section 5.6(c) of the
Existing Program Agreement and Section 2(a) of the Existing Loan Sale Agreement solely with respect Sunlight’s obligation to purchase
Loans pursuant Section 5.6(c) of the Existing Program Agreement (collectively, the “Subject Defaults”). Notwithstanding
the foregoing, this Section 1.1 shall not constitute a waiver of any breach or default by Sunlight of the Existing Agreements other than
the Subject Defaults, including any further breach or default under Section 5.6(c) of the Existing Program Agreement or Section 2(a) of
the Existing Loan Sale Agreement.

 

     

     

    

 

		2.	AMENDMENTS TO THE EXISTING AGREEMENTS

 

		2.1.	Section 5.6(c) of the Existing Loan Program Agreement is hereby amended and restated in its entirety as
follows:

 

(c) A
Non-Portfolio Loan carried on Bank’s balance sheet that is charged-off by Bank or its servicer.

 

		2.2.	Section 2(a) of the Existing Loan Sale Agreement is hereby amended by deleting the last sentence thereof
in its entirety.

 

		2.3.	The definition of “Loan Purchase Trigger Date” on Schedule 1 of the Existing Loan Sale Agreement
is hereby amended and restated in its entirety as follows:

 

“Loan Purchase
Trigger Date” means any date on which (x) Sunlight receives written notice from Bank that Sunlight is required to purchase Loans
from Bank pursuant to any of Sections 3.1(o), 5.6, 7.4 or 11.2 of the Loan Program Agreement, (y) Sunlight delivers written notice to
Bank of its intent to purchase (or cause a Purchaser or Other Purchaser to purchase) Loans from Bank under Section 11.1 of the Loan Program
Agreement or otherwise as Sunlight shall elect from time to time or (z) except in the case of the Purchased Trigger Exception Loans, not
later than one hundred eighty (180) days after Bank has funded a Subject Loan.

 

		2.4.	Schedule 1 of the Existing Loan Sale Agreement is hereby amended to add the new definition of “Purchase
Trigger Exception Loans” in alphabetical order as follows:

 

“Purchase
Trigger Exception Loans” means, as of any date of determination, Subject Loans held by Bank and having an aggregate principal
balance not in excess of [***] of the Bank Cap.

 

		3.	EFFECTIVENESS OF THE AGREEMENTS

 

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

 

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

 

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

 

[remainder of page intentionally blank]

 

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

 

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

 

 

3

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