Document:

EX-10.1

 Exhibit 10.1 

AMENDMENT NO. 1 TO AMENDED AND RESTATED MASTER REPURCHASE AGREEMENT AND GUARANTEE AGREEMENT 

AMENDMENT NO. 1 TO AMENDED AND RESTATED MASTER REPURCHASE AGREEMENT AND GUARANTEE AGREEMENT, dated as of July 25, 2016
(this “Amendment”), among PARLEX 4 UK FINCO, LLC and PARLEX 4 FINANCE, LLC (the “Sellers”), BLACKSTONE MORTGAGE TRUST, INC. (“Guarantor”) and JPMORGAN CHASE BANK, NATIONAL ASSOCIATION, a national
banking association (“Buyer”). Capitalized terms used but not otherwise defined herein shall have the meanings given to them in the Repurchase Agreement (as defined below). 

RECITALS 

WHEREAS, Sellers and Buyer are parties to that certain Amended and Restated Master Repurchase Agreement, dated as of
January 29, 2016 (as amended hereby, and as further amended, restated, supplemented or otherwise modified and in effect from time to time, the “Repurchase Agreement”); 

WHEREAS, in connection therewith, Guarantor entered into that certain Guarantee Agreement in favor of Buyer, dated as of
December 20, 2013 (as amended by that certain Amendment No. 1 to Guarantee Agreement, dated as of March 3, 2014, as amended hereby, and as further amended, restated, supplemented or otherwise modified and in effect from time to time,
the “Guarantee Agreement”). 
 WHEREAS, Sellers, Guarantor and Buyer have agreed, subject to the terms and
conditions hereof, that the Repurchase Agreement and the Guarantee Agreement shall each 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, Sellers, Guarantor and Buyer each agree as follows: 
 SECTION 1. Amendments
to Repurchase Agreement. 
 (a) Clause (i) of the definition of “Applicable Spread”, as set forth
in Article 2 of the Repurchase Agreement, is hereby amended by inserting the text “or Loan Spread, as applicable,” immediately following the words “applicable LTV” in the fifth line thereof. 

(b) Article 2 of the Repurchase Agreement is hereby amended by inserting the following new definitions in correct
alphabetical order: 
 “Loan Spread” shall have the meaning set forth in the Fee Letter.

 “New Purchased Asset” shall mean any Purchased Asset for which the related Purchase Date
occurred on or after July 25, 2016. 

 “Vintage Purchased Asset” shall mean any
Purchased Asset for which the related Purchase Date occurred prior to July 25, 2016. 
 (c) The definition of
“Maturity Date”, as set forth in Article 2 of the Repurchase Agreement, is hereby amended by deleting the date “January 7, 2018” and inserting the date “January 7, 2019” in lieu thereof. 

(d) Article 11 of the Repurchase Agreement is hereby amended by inserting the following new Article 11(cc) in
correct alphabetical order: 
 (cc) Sellers shall promptly (and in any event not later than two
(2) Business Days following any Seller’s Knowledge thereof) deliver to Buyer notice of (i) any increase to, amendment of or other modification affecting the Loan Spread of any Purchased Asset and/or (ii) any payment by a
Mortgagor of, or the incurrence of any obligation by a Mortgagor to make payment of, any fee approximating a portion of the Loan Spread for any Purchased Asset pursuant to the terms of the related Purchased Asset Documents, in each case, occurring
after the Purchase Date of the related Purchased Asset. 
 SECTION 2. Amendments to Guarantee Agreement.

 (a) Section 2(b)(i) of the Guarantee Agreement is hereby amended by deleting the percentage “twenty-five percent
(25%)” and inserting the percentage “fifty percent (50%)” in lieu thereof. 
 SECTION 3.
Conditions Precedent. This Amendment shall become effective on the date (the “Amendment Effective Date”) on which this Amendment is executed and delivered by a duly authorized officer of each of Guarantor, Sellers and
Buyer, along with delivery to Buyer of a fully-executed Amendment No. 2 to Fee and Pricing Letter between Sellers and Buyer, dated as of the date hereof; provided, that Guarantor and Sellers acknowledge and agree that it shall be a
condition subsequent to the effectiveness of this amendment that Guarantor and Sellers shall deliver to Buyer within four (4) Business Days following the Amendment Effective Date customary opinions as to enforceability and corporate matters
with respect to Sellers and Guarantor and a bring down letter affirming the legal opinion with respect to the applicability of the Bankruptcy Code safe harbors that was provided to Buyer on the Amendment and Restatement Date. 

SECTION 4. Sellers’ Representations and Warranties. On and as of the date first above written, each
Seller hereby represents and warrants to Buyer that (a) it is in compliance with all the terms and provisions set forth in the Repurchase Agreement on its part to be observed or performed, (b) after giving effect to this Amendment, no
Default or Event of Default under the Repurchase Agreement has occurred and is continuing, and (c) after giving effect to this Amendment, the representations and warranties contained in Article 9 of the Repurchase Agreement are true and correct
in all material respects as though made on such date (except for any such representation or warranty that by its terms refers to a specific date other than the date first above written, in which case it shall be true and correct in all material
respects as of such other date), (d) such Seller has taken all necessary action to authorize the execution, 

  
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delivery and performance of this Amendment and (e) this Amendment has been duly executed and delivered by or on behalf of such Seller and constitutes the legal, valid and binding obligation
of such Seller enforceable against such Seller in accordance with its terms subject to bankruptcy, insolvency, and other limitations on creditors’ rights generally and to equitable principles. 

SECTION 5. Guarantor’s Representations and Warranties. On and as of the date first above written,
Guarantor hereby represents and warrants to Buyer that (a) Guarantor is in compliance with all of the terms and provisions set forth in the Guarantee Agreement on its part to be observed or performed, (b) after giving effect to this
Amendment, no Default or Event of Default under the Repurchase Agreement has occurred and is continuing, (c) after giving effect to this Amendment, the representations and warranties contained in Section 8 of the Guarantee Agreement are
true and correct in all material respects as though made on such date (except for any such representation or warranty that by its terms refers to a specific date other than the date first above written, in which case it shall be true and correct in
all material respects as of such other date), (d) Guarantor has taken all necessary action to authorize the execution, delivery and performance of this Amendment and (e) this Amendment has been duly executed and delivered by or on behalf
of Guarantor and constitutes the legal, valid and binding obligation of Guarantor enforceable against Guarantor in accordance with its terms subject to bankruptcy, insolvency, and other limitations on creditors’ rights generally and to
equitable principles. 
 SECTION 6. Acknowledgments of Guarantor. In connection with the amendments
to the Repurchase Agreement set forth in Section 1 of this Amendment, Guarantor hereby acknowledges (a) the execution and delivery of this Amendment by Sellers and agrees that it continues to be bound by the Guarantee Agreement, as amended
hereby, notwithstanding the execution and delivery of this Amendment and the impact of the changes set forth herein, and (b) that, as of the date hereof, Buyer is in compliance with its undertakings and obligations under the Repurchase
Agreement, the Guarantee Agreement and each of the other Transaction Documents. 
 SECTION 7. Limited
Effect. Except as expressly amended and modified by this Amendment, the Repurchase Agreement and the Guarantee Agreement shall each continue to be, and shall remain, in full force and effect in accordance with their respective terms;
provided, however, that upon the Amendment Effective Date, all references in the Repurchase Agreement or the Guarantee Agreement to the “Transaction Documents” shall be deemed to include, in any event, this Amendment. Each
reference to Repurchase Agreement or the Guarantee Agreement in any of the Transaction Documents shall be deemed to be a reference to the Repurchase Agreement or the Guarantee Agreement, as applicable, as amended hereby. 

SECTION 8. Counterparts. This Amendment may be executed in counterparts, each of which so executed shall be
deemed to be an original, but all of such counterparts shall together constitute but one and the same instrument. Delivery of an executed counterpart of a signature page to this Amendment in Portable Document Format (.PDF) or by facsimile
transmission shall be effective as delivery of a manually executed original counterpart thereof. 
 SECTION 9.
Costs and Expenses. Sellers and Guarantor shall pay Buyer’s reasonable actual out of pocket costs and expenses, including reasonable fees and expenses of accountants, attorneys and advisors, incurred in connection with the
preparation, negotiation, execution and consummation of this Amendment. 

  
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 SECTION 10. Submission to Jurisdiction. Each party irrevocably
and unconditionally (i) submits to the non-exclusive jurisdiction of any United States Federal or New York State court sitting in Manhattan, and any appellate court from any such court, solely for the purpose of any suit, action or proceeding
brought to enforce its obligations under this Amendment or relating in any way to this Amendment and (ii) waives, to the fullest extent it may effectively do so, any defense of an inconvenient forum to the maintenance of such action or
proceeding in any such court and any right of jurisdiction on account of its place of residence or domicile. 
 To the
extent that any party has or hereafter may acquire any immunity (sovereign or otherwise) from any legal action, suit or proceeding, from jurisdiction of any court or from set off or any legal process (whether service or notice, attachment prior to
judgment, attachment in aid of execution of judgment, execution of judgment or otherwise) with respect to itself or any of its property, such party hereby irrevocably waives and agrees not to plead or claim such immunity in respect of any action
brought to enforce its obligations under this Amendment or relating in any way to this Amendment. 
 The parties hereby
irrevocably waive, to the fullest extent each may effectively do so, the defense of an inconvenient forum to the maintenance of such action or proceeding and irrevocably consent to the service of any summons and complaint and any other process by
the mailing of copies of such process to them at their respective address specified in the Repurchase Agreement. The parties hereby agree that a final judgment in any such action or proceeding shall be conclusive and may be enforced in other
jurisdictions by suit on the judgment or in any other manner provided by law. Nothing in this Section 10 shall affect the right of Buyer to serve legal process in any other manner permitted by law or affect the right of Buyer to bring
any action or proceeding against any Seller or Guarantor or their property in the courts of other jurisdictions. 

SECTION 11. WAIVER OF JULY TRIAL. EACH OF THE PARTIES HEREBY IRREVOCABLY WAIVES ALL RIGHT TO A TRIAL BY
JURY IN ANY ACTION, PROCEEDING OR COUNTERCLAIM ARISING OUT OF OR RELATING TO THIS AMENDMENT. 
 SECTION 12.
GOVERNING LAW. THIS AMENDMENT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK PURSUANT TO SECTION 5 1401 OF THE NEW YORK GENERAL OBLIGATIONS LAW WITHOUT GIVING EFFECT TO THE CONFLICT OF LAW
PRINCIPLES THEREOF. 
 [SIGNATURES FOLLOW] 

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

			
	 BUYER:

	
	 JPMORGAN CHASE BANK, NATIONAL ASSOCIATION, a national banking association
organized under the laws of the United States

		
	 By:
	 	 /s/ Thomas N. Cassino

	 Name:
	 	 Thomas N. Cassino

	 Title:
	 	 Executive Director

 
			
	 SELLERS:

	
	 PARLEX 4 FINANCE, LLC, a Delaware limited liability company

		
	 By:
	 	 /s/ Douglas N. Armer

	 Name:
	 	 Douglas N. Armer

	 Title:
	 	 Managing Director, Head of Capital

		 	 Markets and Treasurer

	
	 PARLEX 4 UK FINCO, LLC, a Delaware limited liability company

		
	 By:
	 	 /s/ Douglas N. Armer

	 Name:
	 	 Douglas N. Armer

	 Title:
	 	 Managing Director, Head of Capital

		 	 Markets and Treasurer

	
	 GUARANTOR:

	
	 BLACKSTONE MORTGAGE TRUST, INC., a Maryland corporation

		
	 By:
	 	 /s/ Douglas N. Armer

	 Name:
	 	 Douglas N. Armer

	 Title:
	 	 Managing Director, Head of Capital

		 	 Markets and TreasurerEX-10.2

 Exhibit 10.2 

FIRST AMENDMENT TO AMENDED AND RESTATED MASTER REPURCHASE AGREEMENT 

THIS FIRST AMENDMENT TO AMENDED AND RESTATED MASTER REPURCHASE AGREEMENT (this “Amendment”), dated as of July 28,
2016 (the “Amendment Effective Date”), is made by and among CITIBANK, N.A., having an address at 388 Greenwich Street, 19th Floor, New York, New York 10013 (together with
its successors and/or assigns, “Buyer”), PARLEX 2 FINANCE, LLC, a Delaware limited liability company, having an address c/o Blackstone Mortgage Trust, Inc., 345 Park Avenue, New York, New York 10154 (“Original
Seller”), PARLEX 2A FINCO, LLC, a Delaware limited liability company, having an address c/o Blackstone Mortgage Trust, Inc., 345 Park Avenue, New York, New York 10154 (“Joined Seller”; together with Original Seller,
collectively, “Seller”) and, for the purpose of acknowledging and agreeing to the provision set forth in Section 3 hereof, BLACKSTONE MORTGAGE TRUST, INC., a Maryland corporation, having an address at 345 Park
Avenue, New York, New York 10154 (“Guarantor”). 

W I T N E S S E T H: 
 
 WHEREAS, Seller and Buyer have entered into that certain Amended and Restated Master Repurchase Agreement
dated as of July 28, 2014 (as the same may be further amended, supplemented, extended, restated, replaced or otherwise modified from time to time, the “Repurchase Agreement”); 

WHEREAS, all capitalized terms used herein and not otherwise defined shall have the respective meanings set forth in
the Repurchase Agreement; and 
 WHEREAS, Seller and Buyer desire to modify certain terms and provisions of the
Repurchase Agreement as set forth herein. 
 NOW, THEREFORE, in consideration of ten dollars ($10) and for other good
and valuable consideration, the receipt and legal sufficiency of which are hereby acknowledged, Seller and Buyer covenant and agree as follows as of the Amendment Effective Date, and Guarantor acknowledges and agrees as to the provision set forth in
Section 3 as of the Amendment Effective Date: 
 1. Amendment to Repurchase Agreement. The
following definition in Section 2 of the Repurchase Agreement is hereby deleted in its entirety and the following corresponding definition is substituted therefor in its proper alphabetical order: 

“Facility Availability Period” shall mean the period commencing on June 12, 2013 and
ending on July 28, 2019 (or if such day is not a Business Day, the next succeeding Business Day). Notwithstanding anything herein to the contrary, at any time during the Facility Availability Period, Seller may request an extension of the
Facility Availability Period which extension shall be in Buyer’s sole discretion and subject to the terms and conditions determined by Buyer in its sole discretion. 

 2. Omnibus Amendment to Transaction Documents. Any
references to the Repurchase Agreement in the Transaction Documents shall hereinafter refer to the Repurchase Agreement as modified by this Amendment. 

3. Seller’s Representations. Seller has taken all necessary action to authorize the execution,
delivery and performance of this Amendment. This Amendment has been duly executed and delivered by or on behalf of Seller and constitutes the legal, valid and binding obligation of Seller enforceable against Seller in accordance with its terms
subject to bankruptcy, insolvency, and other limitations on creditors’ rights generally and to equitable principles. No Event of Default has occurred and is continuing, and no Event of Default will occur as a result of the execution, delivery
and performance by Seller of this Amendment. Any consent, approval, authorization, order, registration or qualification of or with any Governmental Authority required for the execution, delivery and performance by Seller of this Amendment has been
obtained and is in full force and effect (other than consents, approvals, authorizations, orders, registrations or qualifications that if not obtained, are not reasonably likely to have a Material Adverse Effect). 

4. Reaffirmation of Guaranty. Guarantor has executed this Amendment for the purpose of acknowledging and
agreeing that, notwithstanding the execution and delivery of this Amendment and the amendment of the Repurchase Agreement hereunder, all of Guarantor’s obligations under the Guaranty remain in full force and effect and the same are hereby
irrevocably and unconditionally ratified and confirmed by Guarantor in all respects. 
 5. Full Force and
Effect. Except as expressly modified hereby, all of the terms, covenants and conditions of the Repurchase Agreement and the other Transaction Documents remain unmodified and in full force and effect and are hereby ratified and confirmed by
Seller. Any inconsistency between this Amendment and the Repurchase Agreement (as it existed before this Amendment) shall be resolved in favor of this Amendment, whether or not this Amendment specifically modifies the particular provision(s) in the
Repurchase Agreement inconsistent with this Amendment. All references to the “Agreement” in the Repurchase Agreement or to the “Repurchase Agreement” in any of the other Transaction Documents shall mean and refer to the
Repurchase Agreement as modified and amended hereby. 
 6. No Waiver. The execution, delivery and
effectiveness of this Amendment shall not operate as a waiver of any right, power or remedy of the Buyer under the Repurchase Agreement, the Guaranty, any of the other Transaction Documents or any other document, instrument or agreement executed
and/or delivered in connection therewith. 
 7. Headings. Each of the captions contained in this
Amendment are for the convenience of reference only and shall not define or limit the provisions hereof. 
 8.
Counterparts. This Amendment may be executed in any number of counterparts, and all such counterparts shall together constitute the same agreement. Signatures delivered by email (in PDF format) shall be considered binding with the
same force and effect as original signatures 
 9. Governing Law. This Amendment shall be governed in
accordance with the terms and provisions of Section 20 of the Repurchase Agreement. 

  
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 [No Further Text on this Page; Signature Pages Follow] 

  
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 IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be
executed by their duly authorized representatives as of the day and year first above written and effective as of the Amendment Effective Date. 
  

			
	SELLER:
	
	PARLEX 2 FINANCE, LLC,
	 a Delaware limited liability company

		
	 By:
	 	 /s/ Douglas N. Armer

	 Name:
	 	 Douglas N. Armer

	 Title:
	 	 Managing Director, Head of Capital Markets and Treasurer

	
	PARLEX 2A FINCO, LLC,
	 a Delaware limited liability company

		
	 By:
	 	 /s/ Douglas N. Armer

	 Name:
	 	 Douglas N. Armer

	 Title:
	 	 Managing Director, Head of Capital Markets and Treasurer

	
	GUARANTOR:
	
	BLACKSTONE MORTGAGE TRUST, INC.,
	 a Maryland corporation

		
	 By:
	 	 /s/ Douglas N. Armer

	 Name:
	 	 Douglas N. Armer

	 Title:
	 	 Managing Director, Head of Capital Markets and Treasurer

 : 

 [Signatures Continued on Next Page] 

 
			
	BUYER:
	
	CITIBANK, N.A.
		
	 By:
	 	 /s/ Richard B. Schlenger

	 Name:
	 	 Richard B. Schlenger

	 Title:
	 	 Authorized Signatory

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