Document:

Sixth Amendment to Loan Agreement

 Exhibit 10.2 
 SIXTH AMENDMENT TO LOAN AGREEMENT (BROKER-DEALER VRDN FACILITY) 

THIS SIXTH AMENDMENT TO LOAN AGREEMENT (BROKER-DEALER VRDN FACILITY) (this “Amendment”) made and entered into as of
April 30, 2012, by and between: PIPER JAFFRAY & CO., a Delaware corporation (“Borrower”), and U.S. BANK NATIONAL ASSOCIATION, a national banking association (“Lender”); has reference to
the following facts and circumstances (the “Preambles”): 
 A. Borrower and Lender entered into the Loan
Agreement (Broker-Dealer VRDN Facility) dated as of September 30, 2008 (as amended, the “Agreement”; all capitalized terms used and not otherwise defined in this Amendment shall have the respective meanings ascribed to them in
the Agreement as amended by this Amendment). 
 B. The Agreement was amended previously, as described in the Amendment to Loan
Agreement (Broker-Dealer VRDN Facility) dated as of November 3, 2008, the Second Amendment to Loan Agreement (Broker-Dealer VRDN Facility) dated as of September 25, 2009, the Third Amendment to Loan Agreement (Broker-Dealer VRDN Facility)
dated as of September 30, 2010, the Fourth Amendment to Loan Agreement (Broker-Dealer VRDN Facility) dated as of December 29, 2010, and the Fifth Amendment to Loan Agreement (Broker-Dealer VRDN Facility) dated as of December 30, 2011;
and Borrower and Lender desire to further amend the Agreement in the manner hereinafter set forth. 
 NOW, THEREFORE, in
consideration of the premises and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, Borrower and Lender hereby agree as follows: 

1. Preambles. The Preambles are true and correct, and, with the defined terms set forth herein, are incorporated herein by
this reference. 
 2. Amendment to Agreement. Section 10 of the Agreement is deleted and replaced with the
following: 
 10. Minimum Regulatory Capital. Borrower shall at all times have Regulatory Capital of at
least $130,000,000 and shall have fifteen (15) days from the date of receipt of any FOCUS Report which indicates that there is a violation of this covenant to cure such violation; provided however no cure period shall exist if any
such violation is the direct result of a decrease in total ownership equity (as reflected in Part II, line 30 of any such FOCUS Report); and provided further, that Borrower shall not be required to maintain said minimum Regulatory
Capital requirement on any day if and to the extent Borrower’s securities underwriting commitments cause Borrower to have Regulatory Capital of less than said minimum Regulatory Capital requirement on or as of such day, so long as the total
number of such days when Regulatory Capital is less than said minimum Regulatory Capital requirement does not exceed twenty (20) cumulative days in any single fiscal year of Borrower. 

3. References. All references in the Note, the Collateral Pledge Agreement, and the other Credit Documents to “the Loan
Agreement (Broker-Dealer VRDN Facility)”, and any other references of similar import shall henceforth mean the Agreement as amended by this Amendment. 
 4. Full Force and Effect. Except to the extent specifically amended by this Amendment, all of the terms, provisions, conditions, covenants, representations and warranties contained in the
Agreement shall be and remain in full force and effect and the same are hereby ratified and confirmed. 
 5. Continuing
Security. The Agreement, as hereby amended, and the Note, are, and shall continue to be, secured by the Collateral Pledge Agreement. 
 6. Successors and Assigns. This Amendment shall be binding upon and inure to the benefit of Borrower and Lender and their respective successors and assigns, except that Borrower may not
assign, transfer or delegate any of its rights or obligations under the Agreement as amended by this Amendment. 
 7.
Representations and Warranties. Borrower hereby represents and warrants to Lender that: 
 (a) the execution,
delivery and performance by Borrower of this Amendment are within the corporate powers of Borrower, have been duly authorized by all necessary corporate action and require no action by or in respect of, consent of or filing or recording with, any
governmental or regulatory body, instrumentality, authority, agency or official or any other person or entity; 

 (b) the execution, delivery and performance by Borrower of this Amendment do not conflict
with, or result in a breach of the terms, conditions or provisions of, or constitute a default under or result in any violation of, the terms of the Certificate or Articles of Incorporation or By-Laws of Borrower, any applicable law, rule,
regulation, order, writ, judgment or decree of any court or governmental or regulatory body, instrumentality authority, agency or official or any agreement, document or instrument to which Borrower is a party or by which Borrower or any of its
property or assets is bound or to which Borrower or any of its property is subject; 
 (c) this Amendment has been duly executed
and delivered by Borrower and constitutes the legal, valid and binding obligation of Borrower enforceable against Borrower in accordance with its terms, except as such enforceability may be limited by (i) applicable bankruptcy, insolvency or
similar laws affecting the enforcement of creditors’ rights generally and (ii) general principles of equity (regardless of whether such enforceability is considered in a proceeding in equity or at law); 

(d) all of the representations and warranties made by Borrower in the Agreement, the Note, the Collateral Agreement, and the other Credit
Documents are true and correct in all material respects on and as of the date of this Amendment as if made on and as of the date of this Amendment; and 
 (e) as of the date of this Amendment, Borrower is in compliance with all provisions of the Agreement, the Note, the Collateral Agreement, and the other Credit Documents. 

8. Inconsistency. In the event of any inconsistency or conflict between this Amendment and the Agreement, the terms, provisions and
conditions contained in this Amendment shall govern and control. 
 9. Conditions. Notwithstanding any provision contained
in this Amendment to the contrary, this Amendment shall not be effective unless and until Lender shall have received: 
 (a) this
Amendment, duly executed by Borrower; 
 (b) a Certificate of Secretary (with Resolutions), certified by the Secretary of
Borrower; 
 (c) a certificate of good standing for Borrower issued by the Delaware Secretary of State (or other evidence of good
standing acceptable to Lender); and 
 (d) such other documents and information as reasonably required by Lender. 

IN WITNESS WHEREOF, Borrower and Lender have executed this Amendment as of the day and year first above written. 

(SIGNATURES ON FOLLOWING PAGE) 

  
 - 2 -

 SIGNATURE PAGE- 

SIXTH AMENDMENT TO LOAN AGREEMENT (BROKER-DEALER VRDN FACILITY) 

 

			
	
	Borrower:
	
	PIPER JAFFRAY & CO.
		
	By:	 	/s/ Debbra L. Schoneman
		 	Debbra L. Schoneman, Chief Financial Officer
		
	By:	 	/s/ Timothy L. Carter
		 	Timothy L. Carter, Treasurer
	
	Lender:
	
	U.S. BANK NATIONAL ASSOCIATION
		
	By:	 	/s/ Katherine K. Miler
		 	Katherine K. Miller, Senior Vice President

  
 - 3 -Specimen 8.25% Series A Cumulative Redeemable Preferred Stock Certificate

 Exhibit 4.1 

 

							
	Number *0*	  		  	         Shares *0*
	  	
				
		  		  	 SEE “IMPORTANT
 NOTICE” BELOW
 ON TRANSFER RESTRICTIONS

AND OTHER INFORMATION
	  	

 AG MORTGAGE INVESTMENT TRUST, INC. 

a Corporation Formed Under the Laws of the State of Maryland 
 THIS CERTIFIES THAT **Specimen** 
 is the owner of **Zero (0)** 

fully paid and nonassessable shares of 8.25% Series A Cumulative Redeemable Preferred Stock, $0.01 par value per share, of 

AG Mortgage Investment Trust, Inc. 
 (the “Corporation”) transferable on the books of the Corporation by the holder hereof in person or by its duly authorized attorney, upon surrender of this Certificate properly endorsed. This
Certificate and the shares represented hereby are issued and shall be held subject to all of the provisions of the charter of the Corporation and the bylaws of the Corporation and any amendments thereto. 

IN WITNESS WHEREOF, the Corporation has caused this Certificate to be executed on its behalf by its duly authorized officers this
     day of             , 2012. 
  

							
	  
	  		  	  
	 	(SEAL)
	 Jonathan Lieberman

Secretary
	  		  	 David Roberts
 Chief
Executive Officer
	 	

  
  

IMPORTANT NOTICE 
 The Corporation will furnish to any stockholder, on request and without charge, a full statement of the information required by Section 2-211(b) of the Corporations and Associations Article of the
Annotated Code of Maryland with respect to the designations and any preferences, conversion and other rights, voting powers, restrictions, limitations as to dividends and other distributions, qualifications, and terms and conditions of redemption of
the stock of each class which the Corporation has authority to issue and (i) the differences in the relative rights and preferences between the shares of each series to the extent set, and (ii) the authority of the Board of Directors to
set such rights and preferences of subsequent series. The foregoing summary does not purport to be complete and is subject to and qualified in its entirety by reference to the charter of the Corporation, a copy of which will be sent without charge
to each stockholder who so requests. Such request must be made to the Secretary of the Corporation at its principal office. 

The shares represented by this Certificate are subject to restrictions on Beneficial and Constructive Ownership and Transfer for the
purpose of the Corporation’s maintenance of its status as a Real Estate Investment Trust under the Internal Revenue Code of 1986, as amended (the “Code”). Subject to certain further restrictions and except as expressly provided in the
Corporation’s Charter, (i) no Person may Beneficially or Constructively Own shares of the Corporation’s Common Stock, taking into account any other Capital Stock Beneficially or Constructively Owned by such Person, in excess of the
Common Stock Ownership Limit, unless such Person is an Excepted Holder (in which case the Excepted Holder Limit shall be applicable) (ii) no Person may Beneficially or Constructively Own shares of the Corporation’s Series A Preferred
Stock, taking into account any other Capital Stock Beneficially or Constructively Owned by such Person, in excess of the Aggregate Stock Ownership Limit, unless such Person is an Excepted Holder (in which case the Excepted Holder Limit shall be
applicable); (iii) no Person may Beneficially 

 
or Constructively Own shares of Capital Stock of the Corporation in excess of the Aggregate Stock Ownership Limit, unless such Person is an Excepted Holder (in which case the Excepted Holder
Limit shall be applicable); (iv) no Person may Beneficially or Constructively Own Capital Stock that would result in the Corporation being “closely held” under Section 856(h) of the Code or otherwise cause the Corporation to fail
to qualify as a REIT; and (v) no Person may Transfer shares of Capital Stock if such Transfer would result in the Capital Stock of the Corporation being owned by fewer than 100 Persons. Any Person who Beneficially or Constructively Owns or
attempts to Beneficially or Constructively Own shares of Capital Stock which causes or will cause a Person to Beneficially or Constructively Own shares of Capital Stock in excess or in violation of the above limitations must immediately notify the
Corporation. If the restrictions on transfer or ownership are violated, the shares of Capital Stock represented hereby will be automatically transferred to a Trustee of a Trust for the benefit of one or more Charitable Beneficiaries or may be void
ab initio. In addition, the Corporation may redeem shares upon the terms and conditions specified by the Board of Directors in its sole discretion if the Board of Directors determines that ownership or a Transfer or other event may violate
the restrictions described above. All capitalized terms in this legend have the meanings defined in the Charter of the Corporation, as the same may be amended from time to time, a copy of which, including the restrictions on transfer and ownership,
will be furnished to each holder of Capital Stock of the Corporation on request and without charge. Requests for such a copy may be directed to the Secretary of the Corporation at its Principal Office. 

 
  

KEEP THIS CERTIFICATE IN A SAFE PLACE. IF IT IS LOST, STOLEN 
 OR DESTROYED, THE CORPORATION WILL REQUIRE A BOND OF INDEMNITY AS A 
 CONDITION TO
THE ISSUANCE OF A REPLACEMENT CERTIFICATE. 
  

 
 The following
abbreviations, when used in the inscription on the face of this Certificate, shall be construed as though they were written out in full according to applicable laws or regulations: 

 

											
		 	TEN COM	  	-  as tenants in common	    	UNIF GIFT MIN ACT	  	                     Custodian	  	
						
		 	TEN ENT	  	-  as tenants by the entireties	    		  	(Custodian)                          
(Minor)	  	
						
		 	JT TEN	  	-  as joint tenants with right of	    		  	under Uniform Gifts to Minors Act of	  	
						
		 		  	survivorship and not as tenants	    		  	                             
                                	  	
						
		 		  	in common	    		  	(State)	  	

 Additional abbreviations may also be used though not in the above list. 

 

	
	 FOR VALUE RECEIVED, ________________________ HEREBY SELLS, ASSIGNS AND TRANSFERS UNTO

	
	 
	 (Please Print or Typewrite Name and Address, Including Zip Code, of Assignee)

	
	 
	 (Please Insert Social Security or other Identifying Number of Assignee)

	
	                             
                    (            ) shares of 8.25% Series A Cumulative Redeemable Preferred
Stock of the Corporation represented by this Certificate and does hereby irrevocably constitute and appoint
                             attorney to transfer the said shares of 8.25% Series A Cumulative
Redeemable Preferred Stock on the books of the Corporation, with full power of substitution in the premises.
	
	 Dated
                                         
               

	
	 
	NOTICE: The Signature To This Assignment Must Correspond With The Name As Written Upon The Face Of The Certificate In Every Particular, Without Alteration Or Enlargement Or Any
Change Whatever.

  
 2

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