Document:

EX-10.2

 Exhibit 10.2 

LAMAR ADVERTISING COMPANY 

2019 EMPLOYEE STOCK PURCHASE PLAN 
  

	1.	 Purpose. 

This 2019 Employee Stock Purchase Plan (the “Plan”) is adopted by Lamar Advertising Company (the “Company”) to provide
Eligible Employees who wish to become shareholders of the Company an opportunity to purchase shares of Class A Common Stock, par value $.001 per share, of the Company (“Common Stock”). The Plan is intended to qualify as an
“employee stock purchase plan” under Section 423 of the Internal Revenue Code of 1986, as amended (the “Code”), and the provisions of the Plan shall be construed so as to extend and limit participation in a manner consistent
with the requirements of Section 423; provided that, if and to the extent authorized by the Board, the fact that the Plan does not comply in all respects with the requirements of Section 423 shall not affect the operation of the Plan or
the rights of Employees hereunder. 
  

	2.	 Certain Definitions. 

As used in this Plan: 
 (a)
“Board” means the Board of Directors of the Company, and “Committee” means the Compensation Committee of the Board or such other committee as the Board may appoint from time to time to administer the Plan. 

(b) “Coordinator” means the officer of the Company or other person charged with day-to-day supervision of the Plan as appointed from
time to time by the Board or the Committee. 
 (c) “Designated Beneficiary” means a person designated by an Employee in the manner
prescribed by the Committee or the Coordinator to receive certain benefits provided in this Plan in the event of the death of the Employee. 

(d) “Eligible Employee” with respect to any Offering hereunder means any Employee who, as of the Offering Commencement Date for such
Offering: 
 (i) has been a Full-time, Part-time 3, or Part-time 2 Employee of the Company or any of its Subsidiaries for not less than
twelve months; and 
 (ii) would not, immediately after any right to acquire Shares in such Offering is granted, own stock or rights to
purchase stock possessing five percent (5%) or more of the total combined voting power or value of all classes of stock of the Company or of any subsidiary corporation, determined in accordance with Section 423. 

Subject to the foregoing requirements of this section, an Employee covered by a collective bargaining agreement will be considered eligible
for participation in the Plan unless the labor organization representing such Employee in collective bargaining has made an affirmative decision on the part of the applicable labor organization not to participate in the Plan. 

 (e) “Employee” means an employee (as that term is used in Section 423) of the
Company or any of its Subsidiaries. 
 (f) “Fair Market Value” of a Share shall mean the fair market value of a share of Common
Stock, as determined by the Committee. 
 (g) “Full-time Employee” is an Employee whose customary employment is for (i) 40
hours per week and (ii) five months, in the calendar year during which the respective Offering Commencement Date occurs. 
 (h)
“Part-time 3 Employee” is an Employee whose customary employment is for (i) 30-39 hours per week and (ii) five months, in the calendar year during which the respective Offering Commencement Date occurs. 

(i) “Part-time 2 Employee” is an Employee whose customary employment is for (i) 20-29 hours per week and (ii) five months,
in the calendar year during which the respective Offering Commencement Date occurs. 
 (j) “Offering” is an offering of Shares
pursuant to Section 5 of the Plan. 
 (k) “Offering Commencement Date” means the date on which an Offering under the Plan
commences, and “Offering Termination Date” means the date on which an Offering under the Plan terminates. 
 (l) “Purchase
Date” means each date on which the rights granted under the Plan may be exercised for the purchase of Shares. 
 (m) “Section
423” and subdivisions thereof refer to Section 423 of the Code or any successor provision(s). 
 (n) “Shares” means
shares of Common Stock. 
 (o) “Subsidiary” means a subsidiary corporation, as defined in Section 424 of the Code, of the
Company the Employees of which are designated by the Board of Directors or the Committee as eligible to participate in the Plan. 
  

	3.	 Administration of the Plan. 

The Committee shall administer, interpret and apply all provisions of the Plan as it deems necessary or appropriate, subject, however, at all
times to the final jurisdiction of the Board of Directors. The Board may in any instance perform any of the functions of the Committee hereunder. The Committee may delegate administrative responsibilities to the Coordinator, who shall, for matters
involving the Plan, be an ex officio member of the Committee. Determinations made by the Committee and approved by the Board of Directors with respect to any provision of the Plan or matter arising in connection therewith shall be final, conclusive
and binding upon the Company and upon all participants, their heirs or legal representatives. 

  
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	4.	 Shares Subject to the Plan. 

The maximum aggregate number of Shares that may be purchased upon exercise of rights granted under the Plan shall be 300,000 plus (a) all
Shares, if any, that remain available for purchase under the 2009 Employee Stock Purchase Plan upon its termination on June 30, 2019 and (b) an annual increase to be added on the first day of each fiscal year of the Company beginning with
the 2020 fiscal year equal to the least of (i) 500,000 Shares, (ii) one-tenth of one percent of the total number of Shares outstanding on the last day of the preceding fiscal year, and (iii) a lesser amount determined by the Board.
Appropriate adjustments in such amount, the number of Shares covered by outstanding rights granted hereunder, the securities that may be purchased hereunder, the Exercise Price, and the maximum number of Shares or other securities that an employee
may purchase (pursuant to Section 8 below) shall be made to give effect to any mergers, consolidations, reorganizations, recapitalizations, stock splits, stock dividends or other relevant changes in the capitalization of the Company occurring
after the effective date of the Plan; provided that any fractional Share otherwise issuable hereunder as a result of such an adjustment shall be adjusted downward to the nearest full Share. Any agreement of merger or consolidation involving the
Company will include appropriate provisions for protection of the then existing rights of participating employees under the Plan. Either authorized and unissued Shares or treasury Shares may be purchased under the Plan. The Committee may impose
restrictions on transfer on Shares purchased under the Plan. If for any reason any right under the Plan terminates in whole or in part, Shares subject to such terminated right may again be subjected to a right under the Plan. 

 

	5.	 Offerings; Participation. 

(a) From time to time, the Company, by action of the Committee, will grant rights to purchase Shares to Eligible Employees pursuant to one or
more Offerings, each having an Offering Commencement Date, an Offering Termination Date, and one or more Purchase Dates as designated by the Committee. No Offering may last longer than twenty-seven (27) months or such longer period as may then
be consistent with Section 423. The Committee may limit the number of Shares issuable in any Offering, either before or during such Offering. 

(b) Participation in each Offering shall be limited to Eligible Employees who elect to participate in such Offering in the manner, and within
the time limitations, established by the Committee. No person otherwise eligible to participate in any Offering under the Plan shall be entitled to participate if he or she has elected not to participate. Any such election not to participate may be
revoked only with the consent of the Committee. 
 (c) An Employee who has elected to participate in an Offering may make such changes in
the level of payroll deductions as the Committee may permit from time to time, or may withdraw from such Offering, by giving written notice to the Company before any Purchase Date. No Employee who has withdrawn from participating in an Offering may
resume participation in the same Offering, but he or she may participate in any subsequent Offering if otherwise eligible. 

  
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 (d) Upon termination of a participating Employee’s employment for any reason, including
retirement but excluding death or disability (as defined in Section 22(e)(3) of the Code) while in the employ of the Company or a Subsidiary, such Employee will be deemed to have withdrawn from participation in all pending Offerings to the
extent administratively feasible. 
 (e) Upon termination of a participating Employee’s employment because of disability or death, the
Employee or his or her Designated Beneficiary, if any, as the case may be, shall have the right to elect, with respect to each Offering in which the Employee was then participating, by written notice given to the Coordinator within 30 days after the
date of termination of employment (but not later than the next applicable Purchase Date for each Offering), either (i) to withdraw from such Offering or (ii) to exercise the Employee’s right to purchase Shares on the next Purchase
Date of such Offering to the extent of the accumulated payroll deductions in the Employee’s account at the date of termination of employment. If no such election with respect to any Offering is made within such period, the Employee shall be
deemed to have withdrawn from such Offering on the date of termination of employment. The foregoing election is not available to any person, such as a legal representative, as such, other than the Employee or a Designated Beneficiary. 

 

	6.	 Exercise Price. 

The rights granted under the Plan shall be exercised and Shares shall be purchased at a price per Share (the “Exercise Price”)
determined by the Committee from time to time; provided that the Exercise Price shall not be less than eighty-five percent (85%) of the Fair Market Value of a Share on (a) the respective Offering Commencement Date or (b) the
respective Purchase Date, whichever is lower. 
  

	7.	 Exercise of Rights; Method of Payment. 

(a) Participating Employees may pay for Shares purchased upon exercise of rights granted hereunder solely through regular payroll deductions.
No interest shall be paid upon payroll deductions (whether or not used to purchase Shares) unless specifically provided for by the Committee. All payroll deductions received or held by the Company under this Plan may be used by the Company for any
corporate purpose, and the Company shall not be obligated to segregate such amounts. 
 (b) Subject to any applicable limitation on
purchases under the Plan, and unless the Employee has previously withdrawn from the respective Offering, rights granted to a participating Employee under the Plan will be exercised automatically on the Purchase Date of the respective Offering
coinciding with the Offering Termination Date, and the Committee may provide that such rights may at the election of the Employee be exercised on one or more other Purchase Dates designated by the Committee within the period of the Offering, for the
purchase of the number of Shares that may be purchased at the applicable Exercise Price with the 

  
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accumulated payroll deductions as of the respective Purchase Date. Fractional Shares will be issued under the Plan, unless the Committee determines otherwise. If fractional Shares are not issued,
any amount that would otherwise have been applied to the purchase of a fractional Share shall be retained and applied to the purchase of Shares in the following Offering unless the respective Employee elects otherwise. The Company will deliver to
each participating Employee or to an account of the participating Employee designated by the Committee evidence of ownership of the shares of Common Stock purchased within a reasonable time after the Purchase Date in such form as the Committee
determines will give the participating Employee full ownership of and rights to transfer the Shares. The Committee may require that the participating Employee hold such Shares in an account of the participating Employee designated by the Committee.

 (c) Any amounts withheld from the Employee’s compensation that are not used for the purchase of Shares, whether because of such
Employee’s withdrawal from participation in an Offering (voluntarily, upon termination of employment, or otherwise) or for any other reason, except as provided in Section 7(b), shall be repaid to the Employee or his or her Designated
Beneficiary or legal representative, as applicable, within a reasonable time thereafter. 
 (d) The Company’s obligation to offer, sell
and deliver Shares under the Plan at any time is subject to (i) the approval of any governmental authority required in connection with the authorized issuance or sale of such Shares, (ii) satisfaction of the listing requirements of any
national securities exchange or securities market on which the Common Stock is then listed, and (iii) compliance, in the opinion of the Company’s counsel, with all applicable federal and state securities and other laws. 

 

	8.	 Limitations on Purchase Rights. 

(a) Any provision of the Plan or any other employee stock purchase plan of the Company or any subsidiary (collectively, “Other
Plans”) to the contrary notwithstanding, no Employee shall be granted the right to purchase Common Stock (or other stock of the Company and any subsidiary) under the Plan and all Other Plans at a rate that exceeds an aggregate of $25,000 (or
such other maximum as may be prescribed from time to time by Section 423) in Fair Market Value of such stock (determined at the time the rights are granted, and which with respect to the Plan, will be determined as of their respective Offering
Commencement Dates) for each calendar year in which any such right is outstanding. 
 (b) An Employee’s participation in any one or a
combination of Offerings under the Plan shall not exceed such additional limits as the Committee may from time to time impose. 
  

	9.	 Tax Withholding. 

Each participating Employee shall pay to the Company or the applicable Subsidiary, or make provision satisfactory to the Committee for payment
of, any taxes required by law to be withheld in respect of the purchase or disposition of Shares no later than the date of the event creating the tax liability. In the Committee’s discretion and subject to applicable law, such tax obligations
may be paid in whole or in part by delivery of Shares to the Company, including 

  
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Shares purchased under the Plan, valued at Fair Market Value on the date of delivery. The Company or the applicable Subsidiary may, to the extent permitted by law, deduct any such tax obligations
from any payment of any kind otherwise due to the Employee or withhold Shares purchased hereunder, which shall be valued at Fair Market Value on the date of withholding. 
  

	10.	 Participants’ Rights as Shareholders and Employees. 

(a) No participating Employee shall have any rights as a shareholder in the Shares covered by a right granted hereunder until such right has
been exercised, full payment has been made for such Shares, and the Share certificate is actually issued. 
 (b) Neither the adoption,
maintenance, nor operation of the Plan nor any grant of rights hereunder shall entitle any Employee to continued employment or other service with the Company or any Subsidiary or restrict the right of any of such entities to terminate such
employment or service or otherwise change the terms of such employment or service at any time or for any reason 
  

	11.	 Rights Not Transferable. 

Rights under the Plan are not assignable or transferable by a participating Employee other than by will or the laws of descent and distribution
and, during the Employee’s lifetime, are exercisable only by the Employee. The Company may treat any attempted inter vivos assignment as an election to withdraw from all pending Offerings. 

 

	12.	 Amendments to or Termination of the Plan. 

The Board shall have the right to amend, modify or terminate the Plan at any time without notice, subject to any stockholder approval that the
Board determines to be necessary or advisable; provided that the rights of Employees hereunder with respect to any ongoing or completed Offering shall not be adversely affected. 

 

	13.	 Governing Law. 

Subject to overriding federal law, the Plan shall be governed by and interpreted consistently with the laws of Delaware. 

 

	14.	 Effective Date and Term. 

This Plan will become effective on July 1, 2019. No rights shall be granted under the Plan after July 1, 2029. 

As approved by the Board of Directors on February 28, 2019 

As approved by the Company’s Stockholders at a meeting held on May 30, 2019 

  
 6dzvoltamendno4june2019as

                                                                 Execution Copy                               AMENDMENT NO. 4 TO                RECEIVABLES LOAN AND SECURITY AGREEMENT               AMENDMENT      NO. 4, dated as of June 4, 2019 (this "Amendment"), to the   Receivables Loan and Security Agreement, dated as of January 25, 2018 (as amended, the   "RLSA") by and among VOLT FUNDING II, LLC, a Delaware limited liability company (as the   "Borrower"), VOLT INFORMATION SCIENCES, INC., a New York corporation, as the servicer   (in such capacity, the "Servicer"), AUTOBAHN FUNDING COMPANY LLC, a Delaware limited   liability company ("Autobahn"), as the Conduit Lender prior to the Conduit Lender's cessation, if   any, in its sole discretion, as a Conduit Lender and a Lender and LC Participant, the other Lenders   and LC Participants from time to time party thereto, together with their respective successors and   assigns (the "Lenders"), DZ BANK AG DEUTSCHE ZENTRAL-GENOSSENSCHAFTSBANK,  FRANKFURT AM MAIN,     NEW YORK BRANCH ("DZ      Bank"), as agent (in such capacity,  together with its successors and assigns, the "Agent") and AUTOBAHN and DZ BANK, as Letter   of Credit issuers (together with their respective successors and assigns, the "LC Issuers").   Capitalized terms used herein and not otherwise defined herein shall have the meanings attributed  thereto in the RLSA.               WHEREAS, Autobahn continues to be the sole Lender under the RLSA;               WHEREAS,    the Borrower has advised the Agent that certain or all of the  Receivables owed by that certain Customer identified on Schedule A hereto (the "Specified   Customer") are more than 90 days past due, for reasons unrelated to credit matters (with all  Receivables of the Specified Customer being referred to herein as the "Specified Receivables");  and               WHEREAS, none of the Specified Receivables is an MSP Receivable; and               WHEREAS,    ongoing negotiations directly with the Specified Customer are  expected to be resolved in a mutually acceptable manner such that existing Specified Receivables  and future Specified Receivables would no longer be past due; and               WHEREAS, on account of those existing past due balances, and in anticipation of  the time needed to resolve the same fully, the Borrower anticipates that there may arise an Event  of Default pursuant to Section 9.0l(p) of the RLSA (the "90-Day Delinquency EOD"), because  the average of the 90-Day Delinquency Rates for the preceding three (3) consecutive Remittance  Periods may exceed 2.25% in respect of the Settlement Dates in June, July and August of 2019;  and               WHEREAS,   were the 90-Day Delinquency EOD to occur, the same underlying  circumstance also would constitute a Servicer Event of Default pursuant to Section 9.02(d) of the  RLSA (the "90-Day Delinquency Servicer EOD"), which in turn also would constitute an Event  of Default pursuant to Section 9.0l(f) of the RLSA (the "Servicer Cross Default"); and               WHEREAS, the Borrower therefore has requested that the RLSA be amended in  order to address prospectively (by waiver) the anticipated forthcoming 90-Day Delinquency EOD,  the 90-Day Delinquency Servicer EOD and the Servicer Cross Default; and    us 164971086  

 

            WHEREAS,  the parties hereto are entering into this Amendment, in writing as  required under Section 16.06 of the RLSA, in order to effect such waiver, which is being effected  subject to the terms and conditions set forth herein.               NOW,  THEREFORE,  for valuable consideration, the receipt and sufficiency of  which are hereby acknowledged, and subject to the fulfillment of the conditions set forth below,  the parties hereto agree as follows:               SECTION 1.  AMENDMENT AND TERMS THEREOF               1.1  Pursuant to the terms and subject to the conditions hereof, the parties hereto  hereby amend the Agreement to waive, solely with respect to determinations in respect of  Settlement Dates occurring in June through October of2019, the anticipated occurrence of (i) the  90-Day Delinquency EOD, (ii) the 90-Day Delinquency Servicer EOD (solely to the extent arising  from the same events giving rise to the 90-Day Delinquency EOD), (iii) the Servicer Cross Default  (solely to the extent due to occurrence and continuation of the 90-Day Delinquency Servicer EOD ),  and (iv) the right to exercise remedies pursuant to Section 9.01 of the RLSA solely on the basis of  the foregoing Events of Default or pursuant to Section 9.02 of the RLSA solely on the basis of the  foregoing Servicer Event of Default.               1.2  The waiver set forth in Section 1.1 above shall be effective only for so long  as the Borrower and Servicer shall comply with the following terms, which terms are agreed to by  the Borrower and Servicer by their execution hereof as though such terms were included as  covenants in the RLSA, and so long as the following facts continue to be true and accurate:         a.    The Servicer, on behalf of the Borrower, shall calculate the Borrowing Base during              the Remittance Periods immediately preceding the Settlement Dates in June, July              and August (other than as adjusted pursuant to Section 1.3 below; such Remittance              Periods, as so adjusted, the "Affected Remittance Periods"), in each case without              including any Specified Receivables in the Eligible Receivables Balance (the              Borrowing Base, as so calculated, the "Adjusted Borrowing Base") and shall reflect              the Adjusted Borrowing Base in each Daily Borrowing Base Report during the              Affected Remittance Periods.         b.    The Servicer, on behalf of the Borrower, shall calculate the 90-Day Delinquency              Rates for each of the Affected Remittance Periods, in each case excluding all              Specified Receivables from both the numerator and denominator of such              calculation), and shall adjust the Monthly Report with respect to each Settlement              Date in June through October 2019 (or such earlier date as specified pursuant to              Section 1.3 below) to calculate the 90-Day Delinquency Rate as so modified for              each of the Affected Remittance Periods (each the "Modified 90-Day Delinquency              Rate" for the related Remittance Period).         c.    There shall at no time during the Affected Remittance Periods (as well as, in the              event of delivery of a notice as specified in Section 1.3 below, the portion of the              Remittance Period in which such notice is given occurring on or before the date of                                      2   us 164971086  

 

            delivery of such notice) exist a Borrowing Base Deficiency when determined using              the Adjusted Borrowing Base in place of the Borrowing Base.         d.    With respect to each Settlement Date in June through October of 2019, the average              of the 90-Day Delinquency Rates for the preceding three (3) consecutive              Remittance Periods (using the Modified 90-Day Delinquency Rates for the              Affected Remittance Periods) shall not exceed 2.25%.         e.    The Servicer shall be deemed to represent in each such Monthly Report that no              Specified Receivable is subject to any reduction or cancellation (other than where              a Deemed Collection shall have been deemed to have been received by the              Borrower under Section 2.06 of the RLSA and a deposit shall have been made in              the Collection Account as and to the extent required under Sections 2.06 and 6.01              of the RLSA).         f.    No Event of Default or Servicer Event of Default, other than as explicitly waived              hereby, shall have occurred and be continuing.               1.3   Borrowing Base Deficiencies for periods other than Affected Remittance  Periods (and the portion of any Remittance Period in which a notice pursuant to this Section 1.3 is  given that is on or before the date of such notice), and 90-Day Delinquency Rates for Remittance  Periods other than Affected Remittance Periods, shall continue to be determined without  adjustment as contemplated by this Amendment. The Borrower may at any time, by written notice  to the Agent, the Servicer and the Administrator, terminate further application of the adjustments  contemplated by this Amendment, whereupon (i) the Remittance Period during which such notice  is given (without there being any requirement to restate reports theretofore submitted or prepared)  and any Remittance Period beginning after the date of such notice shall no longer be included as  an Affected Remittance Period and adjustment of Monthly Reports pursuant to Section 1.2(b)  above shall apply on for Settlement Dates referring to one or more Adjusted Remittance Periods,  and (ii) each determination of the Borrowing Base and the existence or absence of a Borrowing  Base Deficiency shall, beginning on the Business Day following the day on which such notice is  delivered, be determined without adjustment to an Adjusted Borrowing Base.               1.4  If at any time the Borrower or Servicer shall not be in compliance with the  terms set forth in Section 1.2 above or any facts specified therein shall cease to be true and accurate,  the waiver provided by the Amendment shall without further action be revoked.               1.5   Upon the revocation pursuant to Section 1.4 above of the waiver provided  by this Amendment, the Lenders and the Agent shall have all rights and remedies provided under  the RLSA with respect to the provisions waived pursuant to Section 1.1 above to the full extent  that such rights and remedies would have been available to the Lenders and the Agent if this  Amendment had never been adopted and such waiver had never been granted.               SECTION 2.  CONDITIONS TO EFFECTIVENESS               This Amendment shall be effective upon the execution and delivery of counterparts  hereof by the parties signatory hereto and the fulfillment of the following terms and conditions:                                     3   us 164971086  

 

            2.1   All representations and warranties contained in the RLSA or made in  writing to Autobahn or the Agent in connection herewith shall be true and correct in all material  respects.               2.2   No Event of Default or Servicer Event of Default nor any event that but for  notice or lapse of time or both would constitute an Event of Default or Servicer Event of Default  shall have occurred and be continuing (other than any such event that is explicitly waived by the  provisions hereof).               SECTION 3.  MISCELLANEOUS               3.1   Each of the parties hereto represents and warrants (which representations  and warranties shall survive the execution and delivery hereof) that such Person has the corporate  or limited liability company power and authority to execute and deliver this Amendment and has  taken or caused to be taken all necessary actions to authorize the execution and delivery of this  Amendment.               3 .2  The parties hereto hereby acknowledge and agree that, except for the  specific waivers and agreements set forth above, nothing herein shall be deemed to be a consent  to or waiver or amendment of any covenant or agreement contained in the RLSA or any other  document executed in connection therewith, and each such party hereby agrees that all of the  covenants and agreements contained in the RLSA or any other document executed in connection  therewith, subject to the waivers set forth herein, are hereby ratified and confirmed in all respects.               3.3   This Amendment may be executed by the parties hereto individually or in  combination, in one or more counterparts, each of which shall be an original and all of which shall  constitute one and the same agreement. Delivery of an executed counterpart of a signature page  to this Amendment by facsimile shall be effective as delivery of a manually executed counterpart  of this Amendment.               3.4   THIS AMENDMENT SHALL, IN ACCORDANCE WITH SECTION  5-1401 OF THE GENERAL OBLIGATIONS LAW OF THE STATE OF NEW YORK, BE  GOVERNED    BY THE LAWS    OF THE  STATE  OF  NEW YORK,   WITHOUT REGARD  TO ANY CONFLICTS     OF LAW PRINCIPLES THEREOF THAT WOULD CALL FOR  THE APPLICATION OF THE LAWS OF ANY OTHER JURISDICTION.                                       4   us 164971086  

 

      IN WITNESS WHEREOF, the     parties have caused this Amendment to be executed by  their respective officers thereunto duty authorized, as of the date first above written.   THE SERVICER:                       VOLT INFORMATION SCIENCES, INC., as                                      Servicer                                      By:~~                                         Name:       Kevin O.Hannon                                         Title:      VP & Treasurer   THE BORROWER:                       VOLT FUND:;z;:: Borrower                                      By:~~~~b--~~<-=--~~~~~~-                                        Namc:_       Kevin D.Hannon                                         Title:       VP & Treasurer                                       5   US J64971086v6  

 

THE FINAL LC ISSUER:               DZ BANK AG DEUTSCHE ZENTRAL­                                    GENOSSENSCHAFTSBANK, FRANKFURT                                     AM MAIN        Y   K   ANCH                                       By: ___-rr--...,....,.,..-...,,....,.--~----­                                        Name:_-1-1-_....;;......_...;;.-'-===-----                                       Title:                                            ·--1-1-----------~                                      By:~                                        N?'me:                                        T'tl . -------4-E-wv-a_,_,G!-....e119---....                                          1 e.            Assistant Vice Pre.sident   THE AGENT:                                       By:_-~c:::==)__,::::::::::::::-=------                                       Na  ""                 Eva Geng                                        Title:           Assistant Vice President                                            -----~------~                                       6  

 

THE CONDUIT LENDER:               AUTOBAHN FUNDING COMPANY                                    LLC,                                    as a Lender                                     By:                                       7N~am_e_:_/tl\ltehra'N~ter------                                      Title: --H-------------                                   By.~~                                       Name~                  Eva Geng                                       Title:           Assistant Vic0 Prci<;irl"                                     Commitment: $115,000,000   THE INITIAL LC ISSUER:            AUTOBAHN FUNDING COMPANY                                    LLC,                                    as the initial LC                                      By: ____-+--+-ffi'OiHU~~,.__   _____                                        Name:_--iL...rUA~~esllJerll-____                                        Title: _____,,.._..,,.  ______..,,-- ____                                       By: ___~~--~'=--.....=..----­                                       Name:77"" __--=-__,.-==>""t"r.r;;soi3T<=ttidffie~n·~. --                                       Title: ______________                                       7

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