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EXHIBIT 10.2
EXECUTION VERSION

NINTH AMENDMENT TO MASTER REPURCHASE AND SECURITIES CONTRACT AGREEMENT 
THIS NINTH AMENDMENT TO MASTER REPURCHASE AND SECURITIES CONTRACT AGREEMENT (this “Amendment”), dated as of July 14, 2021, is entered into by and between MORGAN STANLEY BANK, N.A., a national banking association, as buyer (together with its successors and assigns “Buyer”), GP COMMERCIAL MS LLC (f/k/a TH Commercial MS II, LLC), a Delaware limited liability company, as seller (“Seller”) and GRANITE POINT MORTGAGE TRUST INC., a Maryland corporation (“Guarantor”).  Capitalized terms used but not otherwise defined herein shall have the meanings given to them in the Master Repurchase Agreement (as defined below).
WITNESSETH:
WHEREAS, Seller and Buyer are parties to that certain Master Repurchase and Securities Contract Agreement, dated as of February 18, 2016, as amended by that certain First Amendment to Master Repurchase and Securities Contract Agreement, dated as of June 30, 2016, as further amended by that certain Second Amendment to Master Repurchase and Securities Contract Agreement, dated as of February 21, 2017, as further amended by that certain Third Amendment to Master Repurchase and Securities Contract Agreement, dated as of June 28, 2017, as further amended by that certain Fourth Amendment to Master Repurchase and Securities Contract Agreement, dated as of October 27, 2017, as further amended by that certain Fifth Amendment to Master Repurchase and Securities Contract Agreement, dated as of May 9, 2018, and as further amended by that certain Sixth Amendment to Master Repurchase and Securities Contract Agreement, dated as of August 21, 2019, as further amended by that certain Seventh Amendment to Master Repurchase and Securities Contract Agreement and Second Amendment to Guaranty, dated as of September 25, 2020, as further amended by that certain Eighth Amendment to Master Repurchase and Securities Contract Agreement, dated as of June 25, 2021 (as the same has been or may be further amended, modified and/or restated from time to time, the “Master Repurchase Agreement”);
WHEREAS, Guarantor entered into that certain Guaranty, dated as of June 28, 2017 (as the same has been or may be further amended, modified and/or restated from time to time, the “Guaranty”);
WHEREAS, Guarantor, Seller and Buyer have agreed, subject to the terms and conditions hereof, that the Master Repurchase Agreement shall be amended as set forth in this Amendment.
NOW, THEREFORE, in consideration of the premises and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows:
1.Amendment to Master Repurchase Agreement.  Buyer, Seller and Guarantor hereby acknowledge and agree that in the event that any Purchased Asset shall require any modifications to the terms or provisions in the Guaranty, such modifications shall be permitted to be made in the related Confirmation and shall be executed by Buyer, Seller and Guarantor.  The Master Repurchase Agreement is hereby amended as follows:
(a)Exhibit I of the Master Repurchase Agreement is hereby amended and restated in its entirety and replaced with the attached Exhibit A.
2.Conditions Precedent to Amendment. The effectiveness of this Amendment is subject to the following:
(a)This Amendment duly executed and delivered by Seller, Guarantor and Buyer; and
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(b)Buyer shall have received such other documents as Buyer may reasonably request.
3.Representations and Warranties of Seller and Guarantor. On and as of the date hereof, after giving effect to this Amendment:
(a)each of Seller and Guarantor hereby represents and warrants to Buyer that no Default, Event of Default or Margin Deficit exists, and no Default, Event of Default or Margin Deficit will occur as a result of the execution, delivery and performance by such party of this Amendment; 
(b)no amendments have been made to the organizational documents of Seller or Pledgor since February 18, 2016 other than the Certificate of Amendments each dated September 3, 2019;
(c)no amendments have been made to the organizational documents of Guarantor since June 28, 2017; and
(d)Seller hereby represents and warrants to Buyer that all representations and warranties of Seller contained in Section 10 of the Master Repurchase Agreement are true, correct, complete and accurate in all respects (except for any such representation or warranty that by its terms refers to a specific date, in which case such representation or warranty was true and correct in all material respects as of such other date); and
(e)Guarantor hereby represents and warrants to Buyer that all representations and warranties of Guarantor contained in the Guaranty are true and correct in all material respects (except for any such representation or warranty that by its terms refers to a specific date, in which case such representation or warranty was true and correct in all material respects as of such other date).
4.Continuing Effect; Reaffirmation of Master Repurchase Agreement and Guaranty. 
(a)As amended by this Amendment, all terms, covenants and provisions of the Master Repurchase Agreement and the Guaranty are ratified and confirmed by the respective parties thereto and shall remain in full force and effect. In addition, any and all guaranties (as amended hereby) and indemnities for the benefit of Buyer, and agreements subordinating rights and liens to the rights and liens of Buyer, are hereby ratified and confirmed and shall not be released, diminished, impaired, reduced or adversely affected by this Amendment, and each party indemnifying Buyer, and each party subordinating any right or lien to the rights and liens of Buyer, hereby consents, acknowledges and agrees to the modifications set forth in this Amendment and waives any common law, equitable, statutory or other rights which such party might otherwise have as a result of or in connection with this Amendment.
(b)Seller, Guarantor and Buyer have entered into this Amendment solely to amend the terms of the Master Repurchase Agreement and do not intend this Amendment or the transactions contemplated hereby to be, and this Amendment and the transactions contemplated hereby shall not be construed to be, a novation of any of the obligations owing by Seller or Guarantor under or in connection with the Master Repurchase Agreement, the Guaranty or any other document executed in connection therewith to which Seller or Guarantor is a party.
(c)It is the intention of each of the parties hereto that (i) the perfection and priority of all security interests securing the payment of the obligations of Seller and Guarantor under the Master Repurchase Agreement and the other Transaction Documents are 
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preserved, and (ii) the liens and security interests granted under the Master Repurchase Agreement continue in full force and effect.
5.Binding Effect; No Partnership. The provisions of the Master Repurchase Agreement, as amended hereby, shall be binding upon and inure to the benefit of the respective parties thereto and their respective successors and permitted assigns. Nothing herein contained shall be deemed or construed to create a partnership or joint venture between any of the parties hereto. 
6.Counterparts. This Amendment may be executed in counterparts, each of which when so executed shall be deemed to be an original and all of which when taken together shall constitute one and the same instrument. The words "executed," signed," "signature," and words of like import as used above and elsewhere in this Amendment or in any other certificate, agreement or document related to this transaction shall include, in addition to manually executed signatures, images of manually executed signatures transmitted by facsimile or other electronic transmission or electronic format (including, without limitation, "pdf", "tif" or "jpg") and other electronic signatures (including, without limitation, any electronic sound, symbol, or process, attached to or logically associated with a contract or other record and executed or adopted by a person with the intent to sign the record).  The use of electronic signatures and electronic records (including, without limitation, any contract or other record created, generated, sent, communicated, received, or stored by electronic means) shall be of the same legal effect, validity and enforceability as a manually executed signature or use of a paper-based record-keeping system to the fullest extent permitted by applicable law, including the Federal Electronic Signatures in Global and National Commerce Act, the New York State Electronic Signatures and Records Act and any other applicable law, including, without limitation, any state law based on the Uniform Electronic Transactions Act or the Uniform Commercial Code.
7.Further Agreements. Each of Seller and Guarantor agrees to execute and deliver such additional documents, instruments or agreements as may be reasonably requested by Buyer and as may be necessary or appropriate from time to time to effectuate the purposes of this Amendment.
8.Governing Law; Submission to Jurisdiction, Etc. The provisions of Section 18 of the Master Repurchase Agreement are hereby incorporated herein by reference and shall apply to this Amendment, mutatis mutandis, as if more fully set forth herein.
9.Headings. The headings of the sections and subsections of this Amendment are for convenience of reference only and shall not be considered a part hereof nor shall they be deemed to limit or otherwise affect any of the terms or provisions hereof.
10.References to Transaction Documents. All references to the Master Repurchase Agreement in any Transaction Document or in any other document executed or delivered in connection therewith shall, from and after the execution and delivery of this Amendment, be deemed a reference to the Master Repurchase Agreement, as amended hereby, unless the context expressly requires otherwise.
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IN WITNESS WHEREOF, the parties have executed this Amendment as of the day first written above.
BUYER:
MORGAN STANLEY BANK, N.A., a national banking association
By:     /s/ Anthony Preisano        
    Name:    Anthony Preisano
    Title:    Executive Director

SELLER:
GP COMMERCIAL MS LLC, 
a Delaware limited liability company
By:     /s/ Marcin Urbaszek        
    Name:    Marcin Urbaszek
    Title:    Chief Financial Officer

The undersigned hereby acknowledges the execution of this Amendment and agrees that the Guaranty is hereby ratified and confirmed and shall not be released, diminished, impaired, reduced or modified by this Amendment.  In addition, the undersigned reaffirms its obligations under the Guaranty and agrees that its obligations under the Guaranty shall remain in full force and effect.

GUARANTOR:
GRANITE POINT MORTGAGE TRUST INC., a Maryland corporation
By:     /s/ Marcin Urbaszek        
    Name:    Marcin Urbaszek
    Title:    Chief Financial OfficerExhibit 10.1

July 12, 2021

 

SierraConstellation Partners LLC

355 S. Grand Avenue, Suite 1450

Los Angeles, California 90071

 

Attn: Tom Lynch, Managing Director

 

Re: Transaction and Retention Bonus Award

 

Reference is made to that certain Engagement Letter
between SierraConsellation Partners LLC (“SCP”) and MedMen Enterprises Inc. (the “Company”), dated
March 9, 2020 and as amended May 1, 2020 (the “SCP Agreement”). Pursuant to the SCP Agreement, among other things,
Tom Lynch currently serves as the Interim Chief Executive Officer of the Company. The Board of Directors of the Company (the “Board”)
has determined that Mr. Lynch shall be appointed as the Company’s permanent Chief Executive Officer of the Company (“CEO”),
effective as of the date hereof.

 

As an additional incentive and retention measure,
the Board has approved a Transaction and Retention Bonus Award (the “Bonus Award”) payable to SCP in connection with
the CEO’s continued service with the Company. The Bonus Award, as described in more detail below, shall be subject to the terms
and conditions of this agreement (the “Agreement”).

 

		1.	Bonus Award. The Bonus Award in the aggregate amount of $750,000 shall become payable in two parts,
as follows:

 

		●	“Transaction Bonus.” Two-thirds of the Bonus Award ($500,000) will become payable upon
the consummation date of a “Transaction” (as defined in Appendix A) that occurs prior to June 1, 2022, subject
to the CEO’s continued service as provided herein. If a Transaction is not consummated prior to June 1, 2022, this Transaction Bonus
will not become payable and will be forfeited.

 

		●	“Retention Bonus.” One-third of the Bonus Award ($250,000) will become payable on June
1, 2022, subject to the CEO’s continued service as provided herein. This Retention Bonus will be paid regardless of the consummation
of a Transaction prior to June 1, 2022.

 

		2.	Service Requirement. As a condition of SCP receiving any portion of the Bonus Award, the CEO must
remain continuously and actively in service with the Company on the applicable payment date of each part of the Bonus Award. Except as
provided in Section 3 below, if the CEO’s service with the Company is terminated prior to any payment date, the Bonus Award will
not become payable.

 

     

     

    

 

		3.	Termination of Service.

 

		●	Prior to Transaction. In the event that, prior to both June 1, 2022 and the consummation date of
a Transaction, the CEO’s service is terminated by the Company other than for “Cause,” or the CEO terminates service
with the Company for “Good Reason” (each as defined in Appendix A), then (i) 100% of the Transaction Bonus will become
payable in full, and (ii) a prorated portion of the Retention Bonus will become payable, based on the number of months served between
June 1, 2021 and June 1, 2022. Such portions of the Bonus Award will be payable in a lump sum within 30 days following such service termination
date, subject to the execution and non-revocation of a release of claims by the CEO and SCP in the form provided by the Company.

 

		●	Upon or Following a Transaction. In the event that, upon or following the consummation date of
a Transaction and prior to June 1, 2022, the CEO’s service is terminated by the Company other than for “Cause,” or the
CEO terminates service with the Company for “Good Reason” (each as defined in Appendix A), then the Retention Bonus
will be payable in full in a lump sum within 30 days following such service termination date, subject to the execution and nonrevocation
of a release of claims by the CEO and SCP in the form provided by the Company.

 

If the CEO’s service is terminated for any reason
other than as provided above in this Section 3, any unpaid portion of the Transaction Bonus and the Retention Bonus shall be forfeited.

 

		4.	Section 409A. The payments and benefits under this Agreement are intended to satisfy exemption
from the application of Section 409A of the Internal Revenue Code of 1986, as amended (“Section 409A”), under Treasury
Regulation Section 1.409A-1(b)(4) and, accordingly, to the maximum extent permitted, this Agreement shall be interpreted accordingly.
In no event shall the Company or any of its subsidiaries or affiliates be liable for any additional tax, interest or penalties that may
be imposed on the CEO under Section 409A or for any damages for failing to comply with Section 409A.

 

		5.	Assignment. SCP may not assign its rights under this Agreement without the Company’s consent.
The Company may assign its obligations hereunder to any successor.

 

		6.	Entire Agreement. This Agreement sets forth the entire understanding of the Company and SCP regarding
the subject matter hereof and supersedes all prior agreements, understandings and inducements, whether express or implied, oral or written,
relating to the subject matter hereof. No modification or amendment of this Agreement shall be effective without a prior written agreement
signed by SCP and the Company.

 

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		7.	Governing Law, Venue, and Remedies and Arbitration. This Agreement shall be governed by and construed
and enforced in accordance with the laws of California without regard to the conflict of law provisions of any jurisdiction. Any action
to enforce this Agreement shall be brought in a court of competent jurisdiction located in California. Any controversy or claim arising
out of or relating to this Agreement or the breach thereof) (collectively, “Disputes”) shall, to the fullest extent
permitted by law, be settled by arbitration in any forum and form agreed upon by the parties or, in the absence of such an agreement,
under the auspices of the American Arbitration Association (“AAA”) in Los Angeles, CA in accordance with the Employment
Dispute Resolution Rules of the AAA, including, but not limited to, the rules and procedures applicable to the selection of arbitrators.
Notwithstanding the foregoing, nothing in this Agreement shall require arbitration of any Disputes that by law cannot be the subject of
a compulsory arbitration agreement. In the event that any person or entity other than SCP or the Company may be a party with regard to
any such controversy or claim, such controversy or claim shall be submitted to arbitration subject to such other person or entity’s
agreement. Judgment upon the award rendered by the arbitrator may be entered in any court having jurisdiction thereof. The Company and
SCP shall split the arbitrator's fees and all expenses that are unique to arbitration. SCP shall not be required to pay any cost or expense
of the arbitration that he would not be required to pay if the matter had been heard in court. Each party shall pay their own attorneys’
fees, witness and transcript fees, and other litigation expenses associated with the arbitration. This Section 7 shall be specifically
enforceable.

 

		8.	(a) Withholding. Amounts payable under this Agreement shall be subject to withholding for all federal,
state and local income and employment taxes as shall be required to be withheld pursuant to any applicable law or regulation.

 

		9.	Severability. In case any provision in this Agreement 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.

 

[APPENDIX A FOLLOWS]

 

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APPENDIX A

 

Definitions 

 

“Cause” means, (i) the CEO’s
indictment for, conviction of, or a plea of guilty or no contest to, any indictable criminal offence or any other criminal offence involving
fraud, misappropriation or moral turpitude, (ii) the CEO’s failure to perform the CEO’s duties to the Company or to follow
the lawful direction of the Board of Directors of the Company (the “Board”) for any reason other than illness or physical
or mental incapacity, or a breach of fiduciary duty, as determined in the sole discretion of the Board (iii) the CEO’s theft, fraud,
or dishonesty with regard to the Company or any of its affiliates or in connection with the CEO’s duties, (iv) the CEO’s violation
of the Company’s code of conduct or similar written policies, including, without limitation, the Company’s sexual harassment
policy, (v) the CEO’s willful misconduct unrelated to the Company or any of its affiliates having, or likely to have, a material
negative impact on the Company or any of its affiliates (economically or its reputation), or (vi) an act of gross negligence or willful
misconduct by the CEO that relates to the affairs of the Company or any of its affiliates.

 

“Good Reason” means without the
CEO’s consent, (i) any material diminution in the CEO’s responsibilities, authorities, title or duties, (ii) any material
reduction in the CEO’s base salary, (iii) a relocation of the CEO’s principal place of service by more than fifty (50) miles;
provided, that no event shall constitute Good Reason unless the CEO has given the Company written notice of the termination, setting forth
the conduct of the Company that is alleged to constitute Good Reason, within thirty (30) days following the occurrence of such event,
and the Company fails to cure such conduct within thirty (30) days. For avoidance of doubt, removal of the CEO from the Board shall not
constitute Good Reason for purposes of this Agreement.

 

“Transaction” means a transaction
or series of transactions that constitute (i) the sale of all or substantially all of the Company’s assets, (ii) the sale of all
or substantially all of the equity interests of the Company, including through a sale or exchange of capital stock or other equity interest,
a merger, consolidation, or other business combination, or (iii) the recapitalization or restructuring of all or substantially all of
the equity and/or debt securities and/or other indebtedness of the Company, which recapitalization or restructuring is effected pursuant
to an exchange transaction, tender offer, plan of reorganization, plan of arrangement, or otherwise. The occurrence of a Transaction and
the effective date thereof shall be determined by the Board in its sole discretion.

 

[SIGNATURE PAGE FOLLOWS]

 

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	 	Sincerely,
	 	 
	 	MEDMEN ENTERPRISES INC.
	 	 
	 	/s/ Niki Christoff
	 	By:	Niki Christoff
	 	Title: 	Director, Chair of Compensation Committee

 

	ACCEPTED AND AGREED AS OF THE DATE SET FORTH ABOVE:	 
	 	 
	SIERRA CONSTELLATION PARTNERS	 
	 	 
	/s/ Tom Lynch	 
	By:	Tom Lynch	 
	Title:	Managing Director	 

  

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