Document:

Second Amendment to Credit Agreement

 Exhibit 10.1 
 SECOND AMENDMENT TO CREDIT AGREEMENT 
 THIS SECOND AMENDMENT TO CREDIT
AGREEMENT, dated as of August 20, 2012 (together with all schedules and exhibits hereto, this “Second Amendment”), is entered into by and among CCT FUNDING LLC, a Delaware limited liability company (the
“Borrower”), and DEUTSCHE BANK AG, NEW YORK BRANCH (“DBNY”) as administrative agent (in such capacity, the “Administrative Agent”) and a Lender (DBNY and each other Lender party to the Credit
Agreement described below, the “Lenders” and each a “Lender”). Capitalized terms used herein and not otherwise defined herein have the meanings assigned to such terms in the Credit Agreement described below.

 RECITALS: 
 A. The Borrower, the Administrative Agent and the Lenders are parties to a Credit Agreement dated as of August 22, 2011 as amended by the First Amendment to Credit Agreement dated as of
February 28, 2012 (the “Credit Agreement” and the Credit Agreement, as amended by this Second Amendment, the “Amended Credit Agreement”), which provides, among other things, for revolving Loans to be made by
each Lender to the Borrower in an aggregate principal amount not exceeding $175,000,000. 
 B. The Borrower and the
Administrative Agent desire to, among other things, provide for an additional commitment of $65,000,000 in the form of a Tranche C Commitment that (x) has a separate Applicable Margin from the Applicable Margins attached to the Tranche A
Commitment and the Tranche B Commitment and (y) has the same Adjusted LIBO Rate as the Adjusted LIBO Rate attached to the Tranche B Commitment. 
 NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties hereto agree as follows: 

Section 1. Amendment of Credit Agreement. Effective as of the date hereof, the Credit Agreement is hereby amended as follows:

 (a) The following definitions are hereby added to Annex I to the Credit Agreement in the applicable alphabetical location:

 “Second Amendment Closing Date” means August 20, 2012. 

“Tranche C Commitment” means (a) at any date of determination prior to the Commitment Termination Date, the lesser
of (x) $65,000,000 or (y) such lesser amount remaining following any reduction of the Tranche C Commitment in accordance with Section 2.02 (Voluntary Reductions or Termination of the Maximum Commitment) or Section 2.04
(Commitment Reduction and Termination) and (b) on and after the Commitment Termination Date, zero. 

“Tranche C Lender” means each Lender that has a Tranche C Commitment. 

“Tranche C Loan” means each Loan made under the Tranche C Commitment. 

(b) The following definitions in Annex I to the Credit Agreement are hereby replaced in their entirety by the following: 

“Adjusted LIBO Rate” means (A) with respect to any Eurodollar Borrowing comprised of Tranche A Loans, for a period
of one (1) month commencing on the later of (x) the date on which such Eurodollar Borrowing is made and (y) the next Interest Reset Date, an 

  

 
interest rate per annum equal to the product of (a) the LIBO Rate in effect for such period and (b) Statutory Reserves and (B) with respect to any Eurodollar Borrowing comprised of
Tranche B Loans or Tranche C Loans, for a period of three (3) months commencing on the later of (x) the date on which such Eurodollar Borrowing is made and (y) the next Interest Reset Date, an interest rate per annum equal to the
product of (a) the LIBO Rate in effect for such period and (b) Statutory Reserves. 
 “Applicable
Margin” means (a) with respect to all outstanding Tranche A Loans provided by the Tranche A Lenders, 1.70% per annum plus, if a Manager Removal Event has occurred, up to an additional 1.00% as specified by the
Administrative Agent in its sole discretion, (b) with respect to all outstanding Tranche B Loans provided by the Tranche B Lenders, 2.35% per annum plus, if a Manager Removal Event has occurred, up to an additional 1.00% as
specified by the Administrative Agent in its sole discretion and (c) with respect to all outstanding Tranche C Loans provided by the Tranche C Lenders, 1.70% per annum plus, if a Manager Removal Event has occurred, up to an
additional 1.00% as specified by the Administrative Agent in its sole discretion, provided that the Tranche C Lenders may change the Applicable Margin with respect to Tranche C Loans effective upon 60 days’ written notice to the
Administrative Agent (and the Administrative Agent shall promptly upon receipt of such notice deliver a copy thereof to the Borrower). 
 “Commitment” means, as to each Lender, its obligation to make Loans to the Borrower pursuant to Section 2.01 (Commitment), in an aggregate principal amount at any one time
outstanding not to exceed the Dollar amount set forth on the signature page for such Lender or in the Assignment Agreement pursuant to which such Lender becomes a party hereto, as applicable, with respect to the Tranche A Commitment, the Tranche B
Commitment and the Tranche C Commitment, as applicable, as such amount may be adjusted from time to time in accordance with this Agreement; provided that for the avoidance of doubt, references to “the Commitment” when not qualified
by a particular tranche shall mean the aggregate outstanding commitment across all tranches. 
 “Commitment Fee”
means, for each day, the Unused Amount as of such day (calculated with respect to Tranche A Loans and Tranche B Loans only) multiplied by a fraction, the numerator of which is 0.75% and the denominator of which is 360; provided that such
Commitment Fee shall be waived (i) for the five calendar months immediately following October 27, 2011 and (ii) with respect to all outstanding Tranche B Loans, until April 28, 2012. 

“Make Whole Fee” means (a) with respect to any reduction in the Tranche A Commitment or the Tranche B Commitment,
the product of (i) 0.45% multiplied by (ii) the Commitment Reduction Amount multiplied by (iii) the number of days remaining until the Scheduled Commitment Termination Date with respect to the Tranche A Commitment and
the Tranche B Commitment, divided by (iv) 360 and (b) with respect to any reduction in the Tranche C Commitment, zero, provided that the Make Whole Fee shall be zero for the portion of the Commitment Reduction Amount which is
reduced or terminated to the extent the Borrower exercises its right to reduce or terminate the Commitment (in whole or in part) in order to enter into (i) a transaction relating to CDOs for which DBNY or its Affiliates is the lead warehouse
provider, lead structuring agent or lead placement agent for all securities issued in connection with such transaction or series of related transactions or (ii) a replacement financing facility with DBNY or its Affiliates. 

“Maximum Commitment” means, (a) at any date of determination prior to the Commitment Termination Date, the lesser of
(x) $240,000,000 or (y) such lesser amount 

  
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remaining following any reduction of the Maximum Commitment in accordance with Section 2.02 (Voluntary Reductions or Termination of the Maximum Commitment) or Section 2.04
(Commitment Reduction and Termination); provided that upon the mutual, written agreement of the Borrower and Administrative Agent, the Maximum Commitment may be increased from time to time in increments of $25,000,000 up to
$250,000,000 and (b) on and after the Commitment Termination Date, zero. 
 “Scheduled Commitment Termination
Date” means (a) with respect to the Tranche A Commitment and the Tranche B Commitment, the second anniversary of the Closing Date and (b) with respect to the Tranche C Commitment, the second anniversary of the Second Amendment
Closing Date, provided that the Tranche C Lenders may change the Scheduled Commitment Termination Date with respect to Tranche C Loans effective upon 60 days’ prior written notice to the Administrative Agent (and the Administrative Agent
shall promptly upon receipt of such notice furnish a copy thereof to the Borrower). 
 “Unused Amount” means, as
of any day, the excess of (x) the Maximum Commitment over (y) the aggregate principal amount of Loans outstanding on such day (including Loans made on such day), provided that solely for purposes of calculating the Unused Amount in
connection with the Commitment Fee, (i) the Maximum Commitment shall not include the Tranche C Commitment and (ii) the aggregate principal amount of Loans outstanding on such day shall be reduced by the aggregate principal amount of
Tranche C Loans outstanding on such day. 
 (c) The definition of Margin Requirement in Annex II to the Credit Agreement is
hereby amended and restated in its entirety to read as follows: 
 “Margin Requirement” means, for the purposes
of determining the Overcollateralization Test, with respect to each Eligible Investment, as of any date of determination, the lesser of (1) 100% and (2) the product of (x) the sum of (a) the Base Margin Requirement and
(b) the Additional Margin Requirement for such Fund Investment and (y) the Super-Collateralization Percentage as of such date; provided that with respect to Revolving Loans (excluding Fully Pre-funded Revolving Loans) and Delayed
Drawdown Loans (excluding the funded portions of Funded Delayed Drawdown Loans) that the Administrative Agent has agreed in writing are not Excluded Investments, the percentage specified in writing by the Administrative Agent (which may be in the
form of an email); and provided further that the Tranche C Lenders may change clause (2) of this definition of the Margin Requirement applicable to Tranche C Loans effective upon 60 days’ prior written notice to the Administrative
Agent (and the Administrative Agent shall promptly upon receipt of such notice furnish a copy thereof to the Borrower). 
 (d)
Section 2.01(b) of the Credit Agreement is hereby amended and restated in its entirety to read as follows: 
 “Each
Loan made by the Lenders hereunder shall be made as a Tranche A Loan to the extent the combined principal amount of such Loan (or portion thereof) and all other outstanding Tranche A Loans do not exceed the Tranche A Commitment; provided that
any Loan (or portion thereof) in excess of the Tranche A Commitment made by the Lenders hereunder shall be made as a Tranche B Loan to the extent the combined principal amount of such Loan (or portion thereof) and all other outstanding Tranche B
Loans do not exceed the Tranche B Commitment; provided further that any Loan (or portion thereof) in excess of the Tranche B Commitment made by the Lenders hereunder shall be made as a Tranche C Loan to the extent the combined principal
amount of such Loan (or portion thereof) and all other outstanding Tranche C Loans do not exceed the Tranche C Commitment.” 

  
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 (e) Section 2.04 of the Credit Agreement is hereby amended and restated in its entirety
to read as follows: 
 “Any Tranche C Lender may, upon at least 60 days’ prior written notice to the Administrative
Agent, reduce its Tranche C Commitment in whole or in part. The Administrative Agent shall promptly upon receipt of such notice furnish a copy thereof to the Borrower. Any such reduction of the Commitment shall result in an equivalent reduction of
the Maximum Commitment. Borrower acknowledges and agrees that if on the effective date of such reduction the aggregate principal amount of the then outstanding Tranche C Loans exceeds the Tranche C Commitment, then no later than on such effective
date, Borrower shall repay a principal amount of Tranche C Loans (together with accrued interest on such repaid principal portion) such that immediately thereafter the aggregate principal amount of Tranche C Loans outstanding shall not be greater
than the Tranche C Commitment.” 
 (f) Section 3.03(b)(i)(C) of the Credit Agreement is hereby amended and restated in
its entirety to read as follows: 
 “any such prepayment of principal shall be applied to (x) first, Tranche C Loans
until the principal amount of Tranche C Loans outstanding is zero, (y) second, Tranche B Loans until the principal amount of Tranche B Loans outstanding is zero and (z) third, Tranche A Loans thereafter.” 

(g) Section 6.01(b)(i) of the Credit Agreement is hereby amended and restated in its entirety to read as follows: 

“furnish to the Administrative Agent as soon as available and in any event within ninety (90) days after the end of each fiscal
year of the Borrower (beginning with the year ended December 31, 2011) (A) audited consolidated financial statements, including balance sheet, income statement and statement of cash flows of the Equity Owner and the accompanying footnotes
for such fiscal year and (B) financial statements of the Borrower, in each case prepared, subject to Section 1.04(Accounting Matters), in accordance with GAAP, setting forth in the case of each fiscal year ending after
December 31, 2010 in comparative form the figures for the previous fiscal year. The financial statements delivered pursuant to clause (B) may be unaudited if at least 90% of the Equity Owner’s consolidated assets are owned by the
Borrower, and shall be audited otherwise. Any audit under clause (A) and, if applicable, clause (B) hereunder shall be by Deloitte & Touche LLP or another firm of Independent certified public accountants of nationally recognized
standing;” 
 (h) Annex II-C-1 to the Credit Agreement is deleted and replaced by Annex II-C-1 to this Second Amendment.

 (i) Exhibit B to the Credit Agreement is deleted and replaced by Exhibit B to this Second Amendment. 

(j) Number 4 of Exhibit C to the Credit Agreement is deleted and replaced by the following: 

“4. Type of Loan: Type of Loan: [Tranche A Loans][Tranche B Loans][Tranche C Loans]” 

  
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 Section 2. Conditions Precedent. It shall be a condition precedent to the
effectiveness of this Second Amendment that each of the following conditions are satisfied: 
 (a) Agreements. The
Administrative Agent shall have received executed counterparts of this Second Amendment duly executed and delivered by an Authorized Representative of the Borrower. 
 (b) Evidence of Authority. The Administrative Agent shall have received: 

(1) a certificate of an Authorized Representative of the Borrower and a Responsible Officer (which could be the same person as the
Authorized Representative), dated the Second Amendment Closing Date, as to: 
 (i) the authority of the Borrower to execute and
deliver this Second Amendment and to perform its obligations under the Credit Agreement and the Notes, in each case as amended by this Second Amendment and each other Credit Document to be executed by it and each other instrument, agreement or other
document to be executed in connection with the transactions contemplated in connection herewith and therewith; 
 (ii) the
authority and signatures of those Persons authorized on behalf of the Borrower to execute and deliver this Second Amendment and the other Credit Documents to be executed and delivered in connection with this Second Amendment and to act with respect
to this Second Amendment and each other Credit Document executed or to be executed by the Borrower, upon which certificate each Lender, including each assignee (whether or not it shall have then become a party to the Amended Credit Agreement), may
conclusively rely until it shall have received a further certificate of the Borrower canceling or amending such prior certificates; and 
 (iii) the absence of any changes in the Organic Documents of the Borrower since the copies delivered to the Administrative Agent in connection with the closing of the Credit Agreement; and 

(2) such other instruments, agreements or other documents (certified if requested) as the Administrative Agent may reasonably request.

 (c) Notes. Upon the request of any Lender to the Borrower made in accordance with Section 3.02 of the Amended
Credit Agreement, such Lender shall have received a Note (including Schedule 1 for such Note that is accurate as of the Second Amendment Closing Date) substantially identical to Exhibit B to the Amended Credit Agreement duly executed and delivered
by an Authorized Representative of the Borrower. Upon each requesting Lender’s receipt of such Note, such Lender shall promptly return to the Borrower the Note delivered by the Borrower to such Lender on the Closing Date. 

(d) Collateral Documents, Management Agreement, etc. The Administrative Agent shall have received, to the extent the
Administrative Agent has determined that certain or all of the Collateral Documents, Management Agreement and LLC Agreement are required to be replaced, amended, supplemented or otherwise modified to secure or otherwise contemplate the obligations
set forth in this Second Amendment and the Amended Credit Agreement, such replacements, supplements or other modifications dated the Second Amendment Closing Date (or such later date as the Administrative Agent may agree in its discretion), in form
and substance reasonably satisfactory to the Administrative Agent. 
 (e) No Litigation, etc. No litigation, arbitration,
governmental investigation, proceeding or inquiry shall, on the Second Amendment Closing Date, be pending or, to the knowledge of the Borrower, threatened in writing with respect to any of the transactions contemplated hereby or by the Amended
Credit Agreement which could, in the reasonable opinion of the Administrative Agent, be adverse in any material respect to the Borrower. 

  
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 (f) Certificate as to Conditions, Warranties, No Default, Agreements etc. The
Administrative Agent shall have received a certificate of an Authorized Representative of the Borrower and a Responsible Officer (which could be the same person as the Authorized Representative), in each case on behalf of the Borrower dated as of
the Second Amendment Closing Date, in form and substance reasonably satisfactory to the Administrative Agent, to the effect that, as of such date: 
 (1) all conditions set forth in this Section 2 (CONDITIONS PRECEDENT) have been fulfilled; 
 (2) all representations and warranties of the Borrower set forth in Article 5 of the Credit Agreement (REPRESENTATIONS AND WARRANTIES) are true and correct in all material respects as if made on the
Second Amendment Closing Date (unless expressly made as of a certain date, in which case it shall be true and correct in all material respects as of such date); 
 (3) all representations and warranties set forth in each of the Collateral Documents are true and correct in all material respects; and 

(4) no Default or Event of Default shall be continuing. 
 (g) Opinions of Counsel. The Administrative Agent shall have received a customary opinion letter, dated as of the Second Amendment Closing Date and addressed to the Lenders and the Administrative
Agent, from Dechert LLP, counsel to the Borrower, the Manager and CNL, addressing the matters set forth in Exhibit F hereto, which shall be reasonably satisfactory in form and substance to the Administrative Agent and the Required Lenders:

 (h) Manager Letter. The Administrative Agent shall have received from the Manager a letter in the form of Exhibit
G-2 hereto addressed to the Administrative Agent and the Lenders. All representations and warranties of the Manager set forth therein shall be true and correct in all material respects as of the Second Amendment Closing Date and immediately
after the initial funding of any Tranche C Loans with the same effect as if then made. 
 (i) CNL Letter. The
Administrative Agent shall have received from CNL a letter in the form of Exhibit I-2 hereto addressed to the Administrative Agent and the Lenders. All representations and warranties of CNL set forth therein shall be true and correct in all
material respects as of the Second Amendment Closing Date and immediately after the initial funding of any Tranche C Loans with the same effect as if then made. 
 (j) Closing Fees, Expenses, etc. The Administrative Agent shall have received for its own account, or for the account of the Lenders, as the case may be, all fees, costs and expenses then due and
payable to it under this Second Amendment. 
 (k) Federal Reserve Form U-1. Each Lender shall have received a Federal
Reserve Form U-1 duly completed and executed by the Borrower and the relevant Lender reflecting the Maximum Commitment as amended by this Second Amendment. 
 (l) After giving effect to any requested Borrowing on the Second Amendment Closing Date (1) the aggregate principal amount of all Loans outstanding will not exceed the Maximum Commitment and
(2) the Overcollateralization Test is satisfied. 

  
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 (m) Satisfactory Legal Form. All limited liability company and other actions or
proceedings taken or required to be taken in connection with the transactions contemplated hereby and by the Amended Credit Agreement and all agreements, instruments, documents and opinions of counsel executed, submitted, or delivered pursuant to or
in connection with this Second Amendment by or on behalf of the Borrower shall be reasonably satisfactory in form and substance to the Administrative Agent and its counsel; all certificates and opinions delivered pursuant to this Second Amendment
shall be addressed to the Administrative Agent and the Lenders, or the Administrative Agent and the Lenders shall be expressly entitled to rely thereon; the Lenders and their counsel shall have received all information, and such number of
counterpart originals or such certified or other copies of such information, as the Administrative Agent or its counsel may reasonably request; and all legal matters incident to the transactions contemplated by this Second Amendment and the Amended
Credit Agreement shall be reasonably satisfactory to counsel to the Administrative Agent. 
 Section 3.
Miscellaneous. 
 (a) GOVERNING LAW. THIS SECOND AMENDMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH,
THE LAWS OF THE STATE OF NEW YORK INCLUDING SECTIONS 5-1401 AND 5-1402 OF THE GENERAL OBLIGATIONS LAW OF THE STATE OF NEW YORK WITHOUT REGARD TO CONFLICT OF LAW PRINCIPLES. 
 (b) Amendments, Etc. None of the terms of this Second Amendment or any other Credit Document may be changed, waived, discharged or terminated unless such change, waiver, discharge or termination is
in writing signed by the Borrower and the Administrative Agent (or other applicable party thereto as the case may be), and each such waiver or consent shall be effective only in the specific instance and for the specific purpose for which given.

 (c) Severability. If any one or more of the covenants, agreements, provisions or terms of this Second Amendment shall
be for any reason whatsoever held invalid, then such covenants, agreements, provisions or terms shall be deemed severable from the remaining covenants, agreements, provisions or terms of this Second Amendment and shall in no way affect the validity
or enforceability of the other provisions of this Second Amendment. 
 (d) Counterparts. This Second Amendment may be
executed by the parties hereto in separate counterparts, each of which when so executed and delivered shall be an original, but all such counterparts shall together constitute one and the same instrument. 

(e) Successors and Assigns. All covenants and agreements contained herein shall be binding upon, and inure to the benefit of the
parties hereto and their respective successors and permitted assigns. 
 (f) Captions. The captions and section headings
appearing herein are included solely for convenience of reference and are not intended to affect the interpretation of any provision of this Second Amendment. 
 (g) Entire Agreement. This Second Amendment constitutes a final and complete integration of all prior expressions by the parties hereto with respect to the subject matter hereof and shall (together
with the Amended Credit Agreement and the Security Agreement) constitute the entire agreement among the parties hereto with respect to the subject matter hereof, superseding all previous oral statements and other writings with respect thereto.

  
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 [Signature pages follow] 

  
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 IN WITNESS WHEREOF, the parties hereto have caused this Second Amendment to be duly executed
and delivered as of the day and year first above written. 
  

			
	BORROWER
	
	CCT FUNDING LLC, as Borrower
	
	 By: CORPORATE CAPITAL TRUST, INC., as its

Designated Manager

		
	By:	 	 
		 	Name:
		 	Title:

  

			
	ADMINISTRATIVE AGENT
	
	 DEUTSCHE BANK AG, NEW YORK BRANCH
 as Administrative Agent

		
	By:	 	 
		 	Name:
		 	Title:
		
	By:	 	 
		 	Name:
		 	Title:

 
			
	LENDER
	
	 DEUTSCHE BANK AG, NEW YORK BRANCH
 as Lender

		
	By:	 	 
		 	Name:
		 	Title:
		
	By:	 	 
		 	Name:
		 	Title:

 The Commitment of Deutsche Bank AG, New York Branch, as Lender is as follows: 

 

							
	 Type of Commitment:
	  	Amount of Commitment:	 	  	Percentage of Tranche:
	 Tranche A Commitment
	  	$	75,000,000	  	  	100%
	 Tranche B Commitment
	  	$	100,000,000	  	  	100%
	 Tranche C Commitment
	  	$	65,000,000	  	  	100%
			
	 Total Commitment:
	  	$	240,000,000	  	  	

 Annex II-C-1 
 Base Margin Requirement – Corporate Bond Securities 
  

											
	 	  	Maturity
	 Spread To Maturity
	  	Equal to 3 years	 	Equal to 5 years	 	Equal to 12 years	 	Equal to 17 years	 	Equal to 30 years
	 Equal to 0.50%
	  	[    ]*%	 	[    ]*%	 	[    ]*%	 	[    ]*%	 	[    ]*%
	 Equal to 1.25%
	  	[    ]*%	 	[    ]*%	 	[    ]*%	 	[    ]*%	 	[    ]*%
	 Equal to 4.00%
	  	[    ]*%	 	[    ]*%	 	[    ]*%	 	[    ]*%	 	[    ]*%
	 Equal to 6.00%
	  	[    ]*%	 	[    ]*%	 	[    ]*%	 	[    ]*%	 	[    ]*%
	 Equal to 9.00%
	  	[    ]*%	 	[    ]*%	 	[    ]*%	 	[    ]*%	 	[    ]*%
	 Equal to 12.00%
	  	[    ]*%	 	[    ]*%	 	[    ]*%	 	[    ]*%	 	[    ]*%
	 Less or Equal to 20.00%
	  	[    ]*%	 	[    ]*%	 	[    ]*%	 	[    ]*%	 	[    ]*%

  

	*	Base margin rates in the following tables depend on both the Credit Spread of the corporate bond (vertical axis) and the maturity of the corporate bond (horizontal
axis). The base rates are bi-linearly interpolated within the table boundaries. For bonds with (i) maturity less than 3 years, the base margin rate shall be based on a maturity equal to 3 years, (ii) Credit Spread less than 0.50%, the base
margin rate shall be based on the Spread to Maturity equal to 0.50% or (iii) maturity greater than 30 years, the base margin rate will be as agreed on a case by case basis by the Administrative Agent and the Borrower. 

 

	*	CONFIDENTIAL TREATMENT REQUEST—Confidential portion has been omitted and filed separately with the Commission. 

 EXHIBIT B 
 FORM OF NOTE 

[            ], 201[ ] 

FOR VALUE RECEIVED, the undersigned (the “Borrower”), hereby promises to pay to Deutsche Bank AG, New York Branch and its
successors and assigns (the “Lender”), in accordance with the provisions of the Credit Agreement (as defined below), the principal amount of each [Tranche A Loan]/[Tranche B Loan]/[Tranche C Loan] from time to time made by the Lender to
the Borrower under that certain Credit Agreement dated as of August 22, 2011 (as hereafter amended from time to time, the “Credit Agreement;” the terms defined therein being used herein as therein defined) between the Borrower and the
Lender. 
 The Borrower promises to pay interest on the unpaid principal amount of each [Tranche A Loan]/[Tranche B
Loan]/[Tranche C Loan] from the date of such Loan until such principal amount is paid in full, at such interest rates and at such times as provided in the Credit Agreement. The aggregate unpaid amount of all [Tranche A Loans]/[Tranche B
Loans]/[Tranche C Loans] recorded by the Lender on its books or set forth on the schedule attached hereto shall be rebuttable presumptive evidence of the unpaid principal amount of this Note. All payments of principal and interest shall be made to
the Lender in Dollars in immediately available funds at the Payment Office of the Lender. If any amount is not paid in full when due hereunder, such unpaid amount shall bear interest, to be paid upon demand, from the due date thereof until the date
of actual payment (and before as well as after judgment) computed at the per annum rate set forth in the Credit Agreement. 

This Note is the Note referred to in the Credit Agreement, is entitled to the benefits thereof and may be prepaid in whole or in part
subject to the terms and conditions provided therein. Upon the occurrence of an Event of Default specified in the Credit Agreement, all amounts then remaining unpaid on this Note shall become, or may be declared to be, immediately due and payable
all as provided in the Credit Agreement. [Tranche A Loans]/[Tranche B Loans]/[Tranche C Loans] made by the Lender shall be evidenced by one or more loan accounts or records maintained by the Lender in the ordinary course of business. The Lender may
also attach schedules to this Note and endorse thereon the date, type, amount and maturity of its Loans and payments with respect thereto. 

The Borrower, for itself, its successors and assigns, hereby waives diligence, presentment, protest and demand and notice of protest, demand, dishonor
and non-payment of this Note. 
 [Signatures begin on the next page] 

 THIS NOTE SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW
YORK. 
  

			
	CCT FUNDING LLC
	
		
	By:	 	 CORPORATE CAPITAL TRUST, INC.,
 its Designated Manager

		
	By:	 	 
		 	Name:
		 	Title:

 [Signature page to Note] 

 SCHEDULE 1 TO NOTE 
 LOANS AND PAYMENTS WITH RESPECT THERETO 
  

											
	 Date
	  	Type of Loan Made	  	Amount of Loan Made	  	Amount of Principal
or Interest Paid This
Date	  	Outstanding Principal
Balance This Date	  	Notation Made By

 EXHIBIT F 
 FORM OF REQUIRED BORROWER AND MANAGER OPINION 
 [Attached] 

 EXHIBIT G-2 
 FORM OF MANAGER LETTER 
 [Attached] 

 EXHIBIT I-2 
 FORM OF CNL LETTER 
 [Attached]Third Supplemental Indenture

 Exhibit 4.1.3 

 
  

ALLY FINANCIAL INC. 
 as Issuer 
 and 

THE BANK OF NEW YORK MELLON 
 as Trustee 
  

 
 THIRD
SUPPLEMENTAL INDENTURE 
 dated as of August 24, 2012 

to 
 THE
INDENTURE 
 dated as of September 24, 1996, 
 as amended by a First Supplemental Indenture dated as of January 1, 1998, 
 as
further amended by a Second Supplemental Indenture dated as of June 30, 2006 
  

 

 THIRD SUPPLEMENTAL INDENTURE (“Third Supplemental Indenture”), dated as of August 24,
2012 between ALLY FINANCIAL INC., a corporation duly organized and existing under the laws of the State of Delaware (the “Company”), and THE BANK OF NEW YORK MELLON, a banking corporation duly organized and existing under the laws
of the State of New York (successor to JP Morgan Chase Bank, N.A.), as Trustee (the “Trustee”), having its Corporate Trust Office at 101 Barclay Street, 4E, New York, New York 10286. 

WITNESSETH 

WHEREAS, the Company and the Trustee have executed and delivered an Indenture, dated as of September 24, 1996, as amended by a First
Supplemental Indenture dated as of January 1, 1998 and a Second Supplemental Indenture dated as of June 30, 2006 (the “Amended Indenture,” and together with this Third Supplemental Indenture, the
“Indenture”), providing for the issuance from time to time of one or more series of the Company’s Ally Financial Term Notes; 
 WHEREAS, The Bank of New York Mellon became the successor trustee to JP Morgan Chase Bank, N.A. pursuant to Section 7.12 of the Amended Indenture; 

WHEREAS, Ally Financial Inc. became the successor to General Motors Acceptance Corporation under Section 15.02 of the Amended
Indenture pursuant to the following actions taken with the Secretary of State of the State of Delaware: (1) on July 20, 2006 General Motors Acceptance Corporation filed the Certificate of Conversion to Limited Liability Company of General
Motors Acceptance Corporation to GMAC LLC and the Certificate of Formation of GMAC LLC, (2) on June 30, 2009 GMAC LLC filed the Certificate of Conversion from a Limited Liability Company to a Corporation pursuant to which its name was
changed from GMAC LLC to GMAC Inc., and (3) on May 4, 2010 GMAC Inc. filed a Certificate of Amendment to its Amended and Restated Certificate of Incorporation pursuant to which its name was changed from GMAC Inc. to Ally Financial Inc.;

 WHEREAS, Section 10.01(f) of the Amended Indenture permits the Company and the Trustee to change or eliminate any
provisions of the Amended Indenture, subject to certain conditions, without the consent of the holders of any Notes outstanding; 
 WHEREAS, the changes provided for in this Third Supplemental Indenture shall not apply to any Note outstanding on the date hereof; 
 WHEREAS, the entry into this Third Supplemental Indenture, as required by Section 9.01 of the Amended Indenture, has been authorized by a Board Resolution; and 

 WHEREAS, the Company has requested that the Trustee execute and deliver this Third
Supplemental Indenture and whereas all actions required by it to be taken in order to make this Third Supplemental Indenture a valid, binding and enforceable instrument in accordance with its terms, have been taken and performed, and the execution
and delivery of this Third Supplemental Indenture has been duly authorized in all respects. 
 NOW, THEREFORE, the Company and
the Trustee mutually covenant and agree as follows: 
 ARTICLE 1 

DEFINITIONS 

Section 1.01. Interpretive Principles. For all purposes of this Third Supplemental Indenture: 

(a) a term defined anywhere in this Third Supplemental Indenture has the same meaning throughout; 

(b) capitalized terms used herein but not otherwise defined shall have the meanings assigned to them in the Amended Indenture;

 (c) the singular includes the plural and vice versa; and 

(d) headings are for convenience of reference only and do not affect interpretation. 

Section 1.02. Definitions. The following changes are made to Section 1.01 of the Amended Indenture: 

(a) Immediately preceding the defined term “Board of Directors”, the following shall be inserted: 

“Ally Financial Term Notes: 
 The term ‘Ally Financial Term Notes’ shall mean Notes issued pursuant to this Indenture due from a minimum of nine months from the date of issue.” 

(b) The defined term “Corporate Trust Office” shall be amended to read in its entirety as follows: 

“Corporate Trust Office: 
 The The term ‘Corporate Trust Office’ shall mean the principal corporate trust office of the Trustee at which at any particular time its corporate trust business shall be administered, which
office at the date of original execution of the Indenture is located at The Bank of New York Mellon, 101 Barclay Street, 4W, New York, New York 10286, Attention: Global Trust Services.” 

 (c) Immediately preceding the defined term “Maturity Date”, the following shall be
inserted: 
 “Maturity: 
 The term ‘Maturity’ means the date on which the principal of an Ally Financial Term Note or an installment of principal becomes due and payable in full in accordance with its terms and the terms
of the Indenture, whether at its Maturity Date or by declaration of acceleration or, if applicable, call for redemption at the Company’s option or repayment at the Holder’s option, or otherwise.” 

(d) Immediately preceding the defined term “Officers’ Certificate”, the following shall be inserted: 

“Officer: 
 The term ‘Officer’ means the President, Chief Executive Officer, the Chief Financial Officer, the Chief Risk Officer, any Senior Executive Vice President, any Executive Vice President, any Vice
President, the Secretary, any Assistant Secretary, and the Treasurer and any Assistant Treasurer of Ally.” 
 (e) The
defined term “Officers’ Certificate” shall be amended to read in its entirety as follows: 
 “Officer’s
Certificate: 
 The term ‘Officer’s Certificate’ shall mean a certificate signed by an Officer of
the Company.” 
 (f) The defined term “Original Issue Discount Notes” is revised by striking the words
“Original Issue” and re-ordering alphabetically. All references to “Original Issue Discount Notes” are revised to refer to “Discount Notes.” 
 (g) Immediately preceding the defined term “Settlement Date”, the following shall be inserted: 
 “Series: 
 The term ‘series’ means a series, class
or group of securities issuable hereunder pursuant to whose terms holders of one such series may vote to direct the Trustee, or otherwise take action pursuant to a vote of such holders, separately from holders of another such series.”

 (h) The following language is deleted in its entirety: 

“SMARTNOTES (SM): 
 The term ‘SmartNotes (SM)’ shall mean Notes issued pursuant to this Indenture from a minimum of nine months from date of issue.” 

 Section 1.03. Company. Ally Financial Inc. shall hereafter be the person named
as the “Company” in the first paragraph of the Amended Indenture until a successor corporation shall have become such pursuant to the applicable provisions of the Indenture, and each reference in the Amended Indenture to “General
Motors Acceptance Corporation” shall be replaced where it appears with “Ally Financial Inc.” 

Section 1.04. Trustee. The Bank of New York Mellon shall hereafter be the person named as the “Trustee” in the
first paragraph of the Amended Indenture until a successor corporation shall have become such pursuant to the applicable provisions of the Indenture, and each reference in the Amended Indenture to “The Chase Manhattan Bank” shall be
replaced where it appears with “The Bank of New York Mellon.” 
 Section 1.05. Designation as Ally Financial
Term Notes. All references in the Amended Indenture to “SmartNotes (SM)” are replaced with “Ally Financial Term Notes.” 
 ARTICLE 2 
 EXECUTION AND ISSUE OF NOTES 

Section 2.01. Amount Unlimited; Issuable in Series. (a) For purposes of any series of Notes issued under the Indenture,
Section 2.01 of the Amended Indenture is amended by striking the second sentence of the first paragraph and inserting the following: 
 “Global Notes will be delivered to the Trustee for authentication, after execution by the Company, and the Trustee shall thereupon authenticate and deliver said Notes to or upon a Company Order, or
in accordance with procedures acceptable to the Trustee and set forth in a previously received Company Order, without any further action by the Company, but subject to the provisions of Section 2.03. Among other things, such procedures may
specify that instructions to the Trustee as to the authentication and delivery of Notes may be (i) given on behalf of the Company by any of its authorized agents and/or (ii) provided pursuant to electronic instructions via e-mail or
otherwise, and in each case the Trustee may (subject to Section 7.01 of the Amended Indenture) conclusively rely on such instructions as if given by the Company until such Company Order is expressly revoked by a subsequent Company Order.
Notwithstanding the foregoing, the Trustee shall have the right, but shall not be required, to rely upon and comply with notices, instructions, directions or other communications sent by e-mail, facsimile and other similar unsecured electronic
methods by persons believed by the Trustee to be authorized to give instructions and directions on behalf of the Company. The Trustee shall have no duty or obligation to verify or confirm that the person who sent such instructions or directions
is, in fact, a person authorized to give instructions or directions on behalf of the Company; and the Trustee shall have no liability for any losses, liabilities, costs or expenses incurred or sustained by the Company as a result of such reliance
upon or compliance with such notices, instructions, directions or other communications. The Company agrees to assume all risks arising out of the use of such electronic methods to submit notices, instructions, directions or other communications
to the Trustee, including without limitation the risk of the Trustee acting on unauthorized instructions, and the risk of interception and misuse by third parties. The Company shall use all reasonable endeavors to ensure that any such notices,
instructions, 

 
directions or other communications transmitted to the Trustee pursuant to this Indenture are complete and correct. Any such notices, instructions, directions or other communications shall be
conclusively deemed to be valid instructions from the Company to the Trustee for the purposes of this Indenture.”
 (b) For
purposes of any series of Notes issued under the Indenture, Section 2.01 of the Amended Indenture is amended by amending the third paragraph to read as follows: 
 “Prior to the issuance of any series of Notes, there shall be established certain terms in or pursuant to a Board Resolution, and set forth in an Officer’s Certificate, or established in one or
more indentures supplemental hereto, provided, that, in connection with the establishment pursuant to a Board Resolution of the initial Tranche of Notes of a particular series, such Officer’s Certificate may provide that the terms of
subsequent Tranches of the same series of Notes, if the terms thereof are established pursuant to such Board Resolution, may be evidenced by the delivery by an Officer to the Trustee of a pricing supplement with respect to such Tranche, and such
Officer’s Certificate shall be deemed to be delivered, together with such pricing supplement, as of the date of delivery of such pricing supplement to the Trustee, and the Trustee shall be protected (subject to Section 7.01 of the Amended
Indenture) in relying on such documents until such Officer’s Certificate is expressly superseded or revoked. The terms of any series of Notes to be established in or pursuant to a Board Resolution or established in one or more indentures
supplemental hereto include, together with any other terms as are not expressly prohibited in this Indenture, the following:” 
 (c) For purposes of any series of Notes issued under the Indenture, Section 2.01 of the Amended Indenture is amended by amending the final paragraph to add the following language at the end of the
final sentence: 
 “provided, that, in connection with a particular series of Notes, the Trustee shall be entitled to
receive such certification only at or before the time of the first request of the Company to the Trustee to authenticate a Tranche of such series and the Trustee shall be protected (subject to Section 7.01 of the Amended Indenture) in relying
on such document in authenticating Tranches of Notes of such series until such document is superseded or revoked. Insofar as is consistent with the terms of this Indenture, the issuance and administration of Notes issued hereunder (including with
respect to the Survivor’s Option) shall be governed by Administrative Procedures dated August 24, 2012, as may be amended from time to time.” 
 Section 2.02 Execution and Delivery of Notes. For purposes of any series of Notes issued under the Indenture, Section 2.04 of the Amended Indenture is amended by amending the first
paragraph thereof in its entirety to read as follows: 
 “The Notes shall be signed on behalf of the Company
by an Officer of the Company. Such signature may be the manual or facsimile signature of the present or any future such Officer.” 

 Section 2.03 Authentication of Notes. (a) For purposes of any series of
Notes issued under the Indenture, Section 2.06 of the Amended Indenture is amended by amending the first paragraph thereof in its entirety to read as follows: 
 “At any time and from time to time after the execution and delivery of the Third Supplemental Indenture, the Company may deliver Global Notes of any series and/or Notes of any Tranche executed by the
Company to the Trustee for authentication by the Trustee. The Trustee shall authenticate and deliver such Notes upon receipt of a Company Order, or in accordance with procedures acceptable to the Trustee and set forth in a previously received
Company Order, for the authentication and delivery of Notes. Among other things, such procedures may specify that instructions to the Trustee as to the authentication and delivery of Notes may be (i) given on behalf of the Company by any of its
authorized agents and/or (ii) provided pursuant to electronic instructions via e-mail or otherwise, and in each case the Trustee may (subject to Section 7.01 of the Amended Indenture) conclusively rely on such instructions as if given by
the Company until such Company Order is expressly revoked by a subsequent Company Order.” 
 (b) For purposes of any series
of Notes issued under the Indenture, Section 2.06 of the Amended Indenture is further amended by amending the existing second paragraph to add the following language at the end of the first sentence: 

“unless established otherwise pursuant to Section 10.01.” 

(c) For purposes of any series of Notes issued under the Indenture, Section 2.06 of the Amended Indenture is further amended by
inserting two additional paragraphs following the first paragraph as a new second and third paragraph as follows: 
 “In authenticating the Notes of the first Tranche of any series and accepting the additional responsibilities under this Indenture in relation to such Notes, the Trustee shall receive, and (subject
to Section 7.01) shall be fully protected in relying upon, an Opinion of Counsel, prepared in accordance with Section 15.04 and substantially to the effect: (i) that the form or forms of such Notes have been established in accordance
with Article two and in conformity with the other provisions of this Indenture; (ii) that the terms of such Notes have been established in accordance with Section 2.01 and in conformity with the other provisions of this Indenture;
(iii) that such Notes, when authenticated and delivered by the Trustee and issued by the Company in the manner and subject to any conditions specified in such Opinion of Counsel, will constitute valid and legally binding obligations of the
Company, enforceable in accordance with their terms, subject to bankruptcy, insolvency, reorganization and other laws of general applicability relating to or affecting the enforcement of creditors’ rights and to general equity principles; and
(iv) that all conditions precedent, if any, provided for in the Indenture in respect of the authentication and delivery by the Company of such Notes have been complied with. 

Notwithstanding the provisions of the preceding paragraph, if all Notes of a series are not to be originally issued at one
time, it shall not be necessary to deliver the Opinion of Counsel otherwise required pursuant to such preceding paragraph at or prior to the authentication of Notes of each Tranche of such series if such Opinion of Counsel is delivered at or prior
to the authentication upon original issuance of the Notes of the first Tranche of such series to be issued.” 

 ARTICLE 3 
 REDEMPTION OF NOTES; SURVIVOR’S OPTION 
 Section 3.01. Redemption of
Notes. (a) Section 3.01 of the Amended Indenture is amended by striking the first sentence of the second paragraph thereof in its entirety and inserting the following in its place: 

“The Notes of any series for which redemption is available may be redeemed upon not less than 30 nor more than 60 days’ notice
to holders of such Notes. The Company shall, at least 60 days prior (or any shorter period which the parties hereto may agree) to the date designated for redemption of Notes of any series, give written notice to the Trustee that Notes of such series
will be redeemed on the redemption date specified in such notice (a ‘Redemption Date’).” 
 (b) Section 3.01
of the Amended Indenture is amended by striking the final closing parenthesis mark in the second to last sentence of the third paragraph and adding the following language: 
 “provided, that so long as the Notes to be redeemed are Book-Entry Notes, the Notes shall be redeemed in accordance with the then-applicable procedures of the Depositary for selecting such
Notes).” 
 Section 3.02. Survivor’s Option. (a) Section 3.02 of the Amended Indenture is
amended by striking the phrase “one percent (1%)” in the second paragraph thereof and inserting in its place the phrase “two percent (2%)”. 
 (b) Section 3.02 of the Amended Indenture is amended by striking the specified dollar amount of “$200,000” in the second paragraph thereof and inserting in its place the specified dollar
amount of “$250,000.” 
 (c) Section 3.02 of the Amended Indenture is amended to add the following language at
the end of the first paragraph: 
 “provided, that such beneficial owner shall have owned such Ally Financial Term
Note at least six months prior to such beneficial owner’s death.” 
 (d) Section 3.02 of the Amended Indenture is
amended by amending the last sentence of the second paragraph in its entirety to read as follows: 
 “Any Note (or portion
thereof) tendered pursuant to exercise of the Survivor’s Option may be withdrawn by a written request by the Representative of the deceased owner received by the Trustee at lest 10 calendar days prior to the repayment date and approved by the
Company.” 
 (e) Section 3.02 of the Amended Indenture is amended by stiking the third and fourth sentences of the
third paragraph in their entirety and inserting in their place the following: 
 “Any Note (or portion thereof) accepted for
repayment pursuant to exercise of the Survivor’s Option shall be repaid on the earlier of (1) the first Interest Payment Date that occurs 20 or more calendar days after the date of such acceptance and (2) the stated maturity date for
such note (the ‘repayment date.’). Each Note (or any portion thereof) tendered for repayment that is not accepted in any calendar year due to the application of the Annual Put Limitation, including Notes that exceeded the Individual Put
Limitation, shall be deemed to be tendered in the following calendar year in the order in which all 

 
such Notes (or portions thereof) were originally tendered, unless any such Note (or portion thereof) is validly withdrawn 10 or more days prior to the repayment date by the Representative for the
deceased owner prior to its repayment.” 
 (f) Section 3.02 of the Amended Indenture is amended by amending the fourth
paragraph thereof in its entirety to read as follows: 
 “Subject to the foregoing, in order for a Survivor’s Option to
be validly exercised with respect to any Note (or portion thereof), the Trustee must receive from the Representative of the deceased owner within one year of the date of death of the deceased beneficial owner: (i) an original, written request
for repayment signed by the Representative, and such signature must be medallion guaranteed by a member firm of a registered national securities exchange or of the Financial Industry Regulatory Authority (“FINRA”) or a commercial bank or
trust company having an office or correspondent in the United States, (ii) tender of the Note (or portion thereof) to be repaid, (iii) appropriate evidence satisfactory to the Trustee and the Company that (A) the Representative has
authority to act on behalf of the deceased beneficial owner, (B) the death of such beneficial owner has occurred, (C) the deceased was the owner of a beneficial interest in such Note at the time of death and at least six months prior to
the death of such beneficial owner, and (D) the Note is beneficially owned at the time of exercise of the Survivor’s Option by the estate of the deceased beneficial owner or other person eligible to exercise such Survivor’s Option,
(iv) if applicable, a properly executed assignment or endorsement, (v) if the beneficial interest in such Note is held by a nominee of the deceased beneficial owner, a certificate satisfactory to the Trustee and the Company from such
nominee attesting to the deceased’s ownership of a beneficial interest in such Note, (vi) tax waivers and any other instrument or documents that the Trustee and the Company reasonably requests in order to establish the validity of the
beneficial ownership of the Note and the claimant’s entitlement to payment, and (vii) any additional information that the Trustee and the Company reasonably requires to evidence satisfaction of any conditions to the exercise of the
Survivor’s Option or to document beneficial ownership or authority to make the election and to cause the repayment of the Note. Subject to the Company’s right hereunder to limit the aggregate principal amount of Notes as to which exercises
of the Survivor’s Option shall be accepted in any one calendar year, all questions as to the eligibility or validity of any exercise of the Survivor’s Option will be determined by the Trustee and the Company, in their sole discretion,
which determination shall be final and binding on all parties.” 
 (g) Section 3.02 of the Amended Indenture is
amended by adding the following language to the end of the fifth paragraph thereof: 
 “and the trust has the same social
security number as the deceased.” 
 (h) Section 3.02 of the Amended Indenture is amended by amending the sixth
paragraph thereof in its entirety to read as follows: 
 “For Notes represented by a Global Note, the Depository or its
nominee shall be the holder of such Note and therefore shall be the only entity that can exercise the Survivor’s Option for such Note. To obtain repayment pursuant to exercise of the Survivor’s Option with respect to such Note, the
Representative must provide to the broker or other entity through which the beneficial interest in such Note is held by the deceased owner within one year of the date of death of the beneficial owner of such Note (i) the documents described in
clauses (i), (iii), (v), (vi) and (vii) of the second preceding paragraph and (ii) instructions to such broker or other entity to notify the Depository of such Representative’s desire to obtain repayment pursuant to exercise of
the Survivor’s Option. 

 
Such broker or other entity shall provide to the Trustee (i) the documents received from the Representative referred to in clause (i) of the preceding sentence, (ii) a certificate
satisfactory to the Trustee from such broker or other entity stating that it represents the deceased beneficial owner, (iii) a detailed description of the Note, including CUSIP, interest rate, if any, and Maturity Date, and (iv) the
deceased owner’s social security number. Such broker or other entity shall be responsible for disbursing any payments it receives pursuant to exercise of the Survivor’s Option to the appropriate Representative.” 

ARTICLE 4 

PAYMENT AND PAYING AGENTS 
 Section 4.01. Payment of Principal and Interest. (a) Section 4.01 of the Amended Indenture is amended by adding the following language at the end of the sixth paragraph thereof:

 “With respect to any certificated Note, payments of principal, premium, if any, and interest, if any, at the Maturity
Date will be made in immediately available funds upon surrender of the Note at the office of the Paying Agent, provided that such Note is presented to the Paying Agent in time for the Paying Agent to make payments in funds in accordance with
its normal procedures.” 
 (b) Section 4.01 of the Amended Indenture is amended by adding the following language at
the end of the eighth paragraph thereof: 
 “With respect to any Book-Entry Notes, principal and premium, if any, and
interest, if any, payable at Maturity will be made by wire transfer in immediately available funds to an account specified by the Depositary.” 
 ARTICLE 5 
 REPORTS BY THE COMPANY 

Section 5.01. Reports by the Company. (a) Section 5.03 of the Amended Indenture is amended by striking the phrase
“The Company shall” in the lead-in thereof and inserting “The Company shall” at the beginning of each of subparagraphs (a), (b) and (c) of Section 5.03. 

(b) Section 5.03 of the Amended Indenture is amended by adding the new subparagraph (d) as follows: 

“(d) The Company shall not be required to file or deliver any information, documents or reports otherwise required by subparagraphs
(a), (b) or (c) of this Section 5.03 if such information, documents or reports are publicly available on the Security Exchange Commission’s EDGAR system within the time period provided for in such subparagraphs with respect to
such information, documents or reports.” 
 (c) Section 5.03 of the Amended Indenture is amended by adding the new
subparagraph (e) as follows: 
 “(e) Notwithstanding anything to the contrary contained herein, the Trustee shall not
be charged with the knowledge of the contents of any of the reports the Company is required to deliver under this Section 5.03.” 

 ARTICLE 6 
 MISCELLANEOUS PROVISIONS OF AMENDED INDENTURE 
 Section 6.01. Direction of
Proceedings and Waiver of Default. Section 6.06 of the Amended Indenture shall be amended by adding to the end of the first paragraph thereof the following: 
 “Notwithstanding anything to the contrary contained herein, the Trustee shall not be required to take any action or direction hereunder unless one or more of the holders of Notes shall have provided
the Trustee with indemnity or security satisfactory to it in connection with such request or direction, including, without limitation, for the reasonable fees, expenses and costs of the Trustee and its agents and counsel related to such request or
direction.” 
 Section 6.02. Concerning the Trustee. Section 7.02 of the Amended Indenture is amended to
add additional subparagraphs (h), (i) and (j) as follows: 
 “(h) in no event shall the Trustee be responsible or
liable for special, indirect, or consequential loss or damage of any kind whatsoever (including, but not limited to, loss of profit) irrespective of whether the Trustee has been advised of the likelihood of such loss or damage and regardless of the
form of action; 
 (i) the Trustee shall not be deemed to have notice of any default or Event of Default unless a Responsible
Officer of the Trustee has received written notice of such a default or Event of Default at the Corporate Trust Office of the Trustee, and such notice references the Notes and this Indenture; and 

(j) the rights, privileges, protections, immunities and benefits given to the Trustee, including, without limitation, its right to be
indemnified, are extended to, and shall be enforceable by, the Trustee in each of its capacities hereunder, and each agent, custodian and other person employed to act hereunder.” 

Section 6.03. Compensation and Expenses of Trustee. Section 7.06 of the Amended Indenture is amended by adding a new
paragraph following the first paragraph thereof as follows: 
 “When the Trustee incurs expenses or renders services in
connection with an Event of Default specified in Section 6.01(d) or Section 6.01(e), the expenses (including the reasonable fees and expenses of its counsel) and the compensation for services are intended to constitute expenses of
administration under any applicable Federal or state bankruptcy, insolvency or other similar law.” 
 Section 6.04.
Officers’ Certificate as Evidence. Section 7.07 of the Amended Indenture is amended to read in its entirety: 

“Section 7.07. OFFICER’S CERTIFICATE AND OPINION OF COUNSEL AS EVIDENCE. Subject to the provisions of Section 7.01,
whenever in the administration of the provisions of this Indenture the Trustee shall deem it necessary or desirable that a matter be proved or established prior to taking or suffering any action to be taken hereunder, such matter (unless other
evidence in respect thereof be herein specifically prescribed) may, in the absence of negligence or bad faith on the part of the trustee, be deemed to be conclusively proved and established by an Officer’s Certificate, an Opinion of Counsel or
both delivered to the trustee, and such certificate, in the absence of 

 
negligence or bad faith on the part of the Trustee, shall be full warrant to the Trustee for any action taken, suffered or omitted by it under the provisions of this Indenture upon the faith
thereof.” 
 Section 6.05. Addresses for Notices, Etc. (a) Section 15.03 of the Amended Indenture is
amended by striking “General Motors Acceptance Corporation, Attention: Corporate Secretary, 3044 West Grand Blvd., Detroit, Michigan 48202” and inserting in its place “Ally Financial Inc., Attention: Corporate Secretary, 200
Renaissance Center, P.O. Box 200, Detroit, Michigan, 48265-2000.” 
 (b) Section 15.03 of the
Amended Indenture is amended by striking “450 West
33rd Street, 15th Floor, New York, New York 10001-2697” and inserting in its
place “101 Barclay Street, 4E, New York, New York 10286 (in all cases with a copy to The Bank of New York Mellon, c/o The Bank of New York Mellon Trust Company, N.A., 2 N. LaSalle Street, Suite 1020, Chicago, IL 60602, Attn: Corporate Trust
Administration) or such other address as the Trustee may designate from time to time by notice to the Holders and the Company, or the principal corporate trust office of any successor Trustee.” 

Section 6.06. Evidence of Compliance With Conditions Precedent. For purposes of any series of Notes, including any Tranche
within such series, issued under the Indenture, Section 15.04 of the Amended Indenture is amended by adding the following language to the end of the first sentence thereof: 

“provided, that, in connection with the authentication of Notes of any Tranche of Notes of a particular series, the Trustee
shall be entitled to receive such Officer’s Certificate and Opinion of Counsel only at or before the time of the first request of the Company to the Trustee to authenticate a Tranche of such series and the Trustee shall be protected (subject to
Section 7.01 of the Amended Indenture) in relying on such documents in authenticating Tranches of Notes of such series until such documents are superseded or revoked.” 

Section 6.07. Waiver of Jury Trial. Article 15 of the Amended Indenture is amended by adding a new Section 15.11 as
follows: 
 “Section 15.11. WAIVER OF JURY TRIAL. EACH OF THE COMPANY AND THE TRUSTEE HEREBY IRREVOCABLY WAIVES, TO THE
FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY AND ALL RIGHT TO TRIAL BY JURY IN ANY LEGAL PROCEEDING ARISING OUT OF OR RELATING TO THIS INDENTURE, THE NOTES OR THE TRANSACTION CONTEMPLATED HEREBY.” 

Section 6.08. Force Majeure. Article 15 of the Amended Indenture is amended by adding a new Section 15.12 as follows:

 “SECTION 15.12 FORCE MAJEURE. In no event shall the Trustee be responsible or liable for any failure or delay in the
performance of its obligations hereunder arising out of or caused by, directly or indirectly, forces beyond its control, including, without limitation, strikes, work stoppages, accidents, acts of war or terrorism, civil or military disturbances,
nuclear or natural catastrophes or acts of God, and interruptions, loss or 

 
malfunctions of utilities, communications or computer (software and hardware) services; it being understood that the Trustee shall use reasonable efforts which are consistent with accepted
practices in the banking industry to resume performance as soon as practicable under the circumstances.” 

Section 6.09. Satisfaction, Discharge and Defeasance of Notes of Any Series. Section 13.05 of the Amended Indenture is
amended by striking subparagraph (3) and inserting the following: 
 “(3) The Company has delivered to the Trustee an
Opinion of Counsel stating that the beneficial owners of the outstanding Notes of such series will not recognize income, gain or loss for U.S. federal income tax purposes as a result of such deposit, defeasance and discharge and will be subject to
U.S. federal income tax on the same amounts and in the same manner and at the same times, as would have been the case if such deposit, defeasance and discharge had not occurred (which Opinion of Counsel, in the case of a legal defeasance only, shall
be based on either (i) the receipt by the Company from, or the publication by, the Internal Revenue Service of a ruling to such effect or (ii) a change in applicable U.S. federal income tax law after the date of this Indenture), and
..” 
 ARTICLE 7 
 MISCELLANEOUS 
 Section 7.01. Effect of Supplemental Indenture. Upon
the execution and delivery of this Third Supplemental Indenture by each of the Company and the Trustee, the Amended Indenture shall be supplemented in accordance herewith, and this Third Supplemental Indenture shall form a part of the Indenture for
all purposes. 
 Section 7.02. Confirmation of Indenture. The Amended Indenture, as supplemented and amended by this
Third Supplemental Indenture, is in all respects ratified and confirmed, and the Amended Indenture, this Third Supplemental Indenture and all indentures supplemental thereto shall be read, taken and construed as one and the same instrument. This
Third Supplemental Indenture constitutes an integral part of the Indenture. In the event of a conflict between the terms and conditions of the Amended Indenture and the terms and conditions of this Third Supplemental Indenture, the terms and
conditions of this Third Supplemental Indenture shall prevail. 
 Section 7.03. Concerning the Trustee. The Trustee
does not make any representations as to the validity or sufficiency of this Third Supplemental Indenture. The recitals and statements herein are deemed to be those of the Company and not the Trustee. In entering into this Third Supplemental
Indenture, the Trustee shall be entitled to the benefit of every provision of the Amended Indenture relating to the conduct of or affecting the liability of or affording protection to the Trustee. 

Section 7.04. Governing Law. This Third Supplemental Indenture shall be governed by and construed in accordance with the laws
of the State of New York. 

 Section 7.05. Separability. In case any provision contained in this Third
Supplemental Indenture shall be invalid, illegal or unenforceable, the validity, legality and enforceability of the remaining provisions shall not in any way be affected or impaired thereby. 

Section 7.06. Counterparts. This Third Supplemental Indenture may be executed in any number of counterparts, each of which
shall be an original, but such counterparts shall together constitute but one and the same instrument. 
 [Signature Pages
Follow] 

 IN WITNESS WHEREOF, the parties hereto have caused this Third Supplemental Indenture to be
duly executed as of the date first written above. 
  

					
	ALLY FINANCIAL INC.
		
	By:	 	 /s/ David J. DeBrunner

		 	Name:	 	David J. DeBrunner
		 	Title:	 	Vice President, Chief Accounting Officer and Controller
		
	By:	 	 /s/ Cathy L. Quenneville

		 	Name:	 	Cathy. L. Quenneville
		 	Title:	 	Secretary

 [Signature Page to Third Supplemental Indenture] 

 
			
	 THE BANK OF NEW YORK MELLON,
as Trustee

		
	By:	 	 /s/ Latoya S. Elvin

		 	Name: Latoya S. Elvin
		 	Title: Vice President

 [Signature Page to Third Supplemental Indenture]

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