Document:

EX-10.30

 Exhibit 10.30 

EXECUTION 
 AMENDMENT NUMBER
SIXTEEN 
 to the 
 MASTER
REPURCHASE AGREEMENT 
 Dated as of May 17, 2013, 

between 
 VELOCITY COMMERCIAL
CAPITAL, LLC 
 and 
 CITIBANK,
N.A. 
 This AMENDMENT NUMBER SIXTEEN (this “Amendment Number Sixteen”) is made this 10th day of August, 2018, between
VELOCITY COMMERCIAL CAPITAL, LLC (“Seller”) and CITIBANK, N.A. (“Buyer”), to the Master Repurchase Agreement, dated as of May 17, 2013, between Seller and Buyer, as such agreement may be amended from time to
time (as amended, the “Agreement”). Capitalized terms used but not otherwise defined herein shall have the meanings assigned to such terms in the Agreement. 

RECITALS 
 WHEREAS, Seller
has requested that Buyer agree to amend the Agreement, and the Buyer has agreed, subject to the terms and conditions set forth herein; and 

WHEREAS, as of the date hereof, Seller represents to Buyer that Seller is in full compliance with all of the terms and conditions of the
Agreement and each other Program Document and no Default or Event of Default has occurred and is continuing under the Agreement or any other Program Document. 

NOW THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, and for the mutual covenants
herein contained, the parties hereto hereby agree as follows: 
 SECTION 1.    Amendment. Effective as of
August 10, 2018 (the “Amendment Effective Date”), Section 2 of the Agreement is hereby amended by deleting the definition “Termination Date” in its entirety and replacing it with the following: 

“Termination Date” shall mean August 31, 2018, or such earlier date on which this Agreement shall
terminate in accordance with the provisions hereof or by operation of law. 
 SECTION 2.    Fees and Expenses.
Seller agrees to pay to Buyer all reasonable out of pocket costs and expenses incurred by Buyer in connection with this Amendment Number Sixteen (including all reasonable fees and out of pocket costs and expenses of the Buyer’s legal counsel)
in accordance with Sections 23 and 25 of the Agreement. 
 SECTION 3.    Representations. Seller hereby
represents to Buyer that as of the date hereof, Seller is in full compliance with all of the terms and conditions of the Agreement and each other Program Document and no Default or Event of Default has occurred and is continuing under the Agreement
or any other Program Document. 

 SECTION 4.    Binding Effect; Governing Law. This Amendment
Number Sixteen shall be binding on and inure to the benefit of the parties hereto and their respective successors and permitted assigns. THIS AMENDMENT NUMBER SIXTEEN SHALL BE CONSTRUED IN ACCORDANCE WITH, AND GOVERNED BY, THE LAWS OF THE STATE OF
NEW YORK, WITHOUT GIVING EFFECT TO THE CONFLICT OF LAWS PRINCIPLES THEREOF (EXCEPT FOR SECTIONS 5-1401 AND 5-1402 OF THE NEW YORK GENERAL OBLIGATIONS LAW). 

SECTION 5.    Counterparts. This Amendment Number Sixteen may be executed by each of the parties hereto on any
number of separate counterparts, each of which shall be an original and all of which taken together shall constitute one and the same instrument. 

SECTION 6.    Limited Effect. Except as amended hereby, the Agreement shall continue in full force and effect in
accordance with its terms. Reference to this Amendment Number Sixteen need not be made in the Agreement or any other instrument or document executed in connection therewith, or in any certificate, letter or communication issued or made pursuant to,
or with respect to, the Agreement, any reference in any of such items to the Agreement being sufficient to refer to the Agreement as amended hereby. 

  
 2 

 IN WITNESS WHEREOF, Seller and Buyer have caused this Amendment Number Sixteen to be
executed and delivered by their duly authorized officers as of the Amendment Effective Date. 
  

			
	 VELOCITY COMMERCIAL CAPITAL, LLC

(Seller)

		
	By:	 	 /s/ Jeff Taylor

	Name:	 	Jeff Taylor
	Title:	 	Executive Vice President
	
	CITIBANK, N.A.
	(Buyer)	 	
		
	By:	 	 /s/ Peter D. Steinmetz

	Name:	 	Peter D. Steinmetz
	Title:	 	Vice President, Citibank, N.A.

  
 Amendment Sixteen to MRAEX-10.31

 Exhibit 10.31 

EXECUTION VERSION 
 AMENDMENT
NUMBER SEVENTEEN 
 to the 

MASTER REPURCHASE AGREEMENT 
 Dated
as of May 17, 2013, 
 between 

VELOCITY COMMERCIAL CAPITAL, LLC 

and 
 CITIBANK, N.A. 

This AMENDMENT NUMBER SEVENTEEN (this “Amendment Number Seventeen”) is made this 31st day of August, 2018, between VELOCITY
COMMERCIAL CAPITAL, LLC (“Seller”) and CITIBANK, N.A. (“Buyer”), to the Master Repurchase Agreement, dated as of May 17, 2013, between Seller and Buyer, as such agreement may be amended from time to time (as
amended, the “Agreement”). Capitalized terms used but not otherwise defined herein shall have the meanings assigned to such terms in the Agreement. 

RECITALS 
 WHEREAS, Seller
has requested that Buyer agree to amend the Agreement, and the Buyer has agreed, subject to the terms and conditions set forth herein; and 

WHEREAS, as of the date hereof, Seller represents to Buyer that Seller is in full compliance with all of the terms and conditions of the
Agreement and each other Program Document and no Default or Event of Default has occurred and is continuing under the Agreement or any other Program Document. 

NOW THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, and for the mutual covenants
herein contained, the parties hereto hereby agree as follows: 
 SECTION 1. Amendment. Effective as of August 31, 2018 (the
“Amendment Effective Date”), the Agreement is hereby amended as follows: 
 (a) Section 2 of the Agreement is hereby amended
by deleting the definition “Termination Date” in its entirety and replacing it with the following: 

“Termination Date” shall mean August 30, 2019, or such earlier date on which this Agreement shall
terminate in accordance with the provisions hereof or by operation of law. 
 (b) Section 12(p) of the Agreement is hereby amended by
deleting “$75,000,000” and replacing it with “$100,000,000”. 
 (c) Section 13(q) of the Agreement is hereby amended by
deleting “$75,000,000” and replacing it with “$100,000,000”. 
 SECTION 2. Fees and Expenses. Seller agrees to
pay to Buyer all reasonable out of pocket costs and expenses incurred by Buyer in connection with this Amendment Number Seventeen (including all reasonable fees and out of pocket costs and expenses of the Buyer’s legal counsel) in accordance
with Sections 23 and 25 of the Agreement. 
 SECTION 3. Representations. Seller hereby represents to Buyer that as of the date
hereof, Seller is in full compliance with all of the terms and conditions of the Agreement and each other Program Document and no Default or Event of Default has occurred and is continuing under the Agreement or any other Program Document. 

 SECTION 4. Binding Effect; Governing Law. This Amendment Number Seventeen shall be
binding on and inure to the benefit of the parties hereto and their respective successors and permitted assigns. THIS AMENDMENT NUMBER SEVENTEEN SHALL BE CONSTRUED IN ACCORDANCE WITH, AND GOVERNED BY, THE LAWS OF THE STATE OF NEW YORK, WITHOUT
GIVING EFFECT TO THE CONFLICT OF LAWS PRINCIPLES THEREOF (EXCEPT FOR SECTIONS 5-1401 AND 5-1402 OF THE NEW YORK GENERAL OBLIGATIONS LAW). 

SECTION 5. Counterparts. This Amendment Number Seventeen may be executed by each of the parties hereto on any number of separate
counterparts, each of which shall be an original and all of which taken together shall constitute one and the same instrument. 
 SECTION 6.
Limited Effect. Except as amended hereby, the Agreement shall continue in full force and effect in accordance with its terms. Reference to this Amendment Number Seventeen need not be made in the Agreement or any other instrument or document
executed in connection therewith, or in any certificate, letter or communication issued or made pursuant to, or with respect to, the Agreement, any reference in any of such items to the Agreement being sufficient to refer to the Agreement as amended
hereby. 

  
 2 

 IN WITNESS WHEREOF, Seller and Buyer have caused this Amendment Number Seventeen to be
executed and delivered by their duly authorized officers as of the Amendment Effective Date. 
  

			
	VELOCITY COMMERCIAL CAPITAL, LLC (Seller)

 
			
		
	By: 	 	 

 
			
	Name:	 	
	Title:	 	

  

			
	CITIBANK, N.A. (Buyer)

 
			
		
	By: 	 	/s/ Susan Mills

 
			
	Name:	 	Susan Mills
	Title:	 	 Vice President

Citibank, N.A.

 Amendment Seventeen to MRA 

 IN WITNESS WHEREOF, Seller and Buyer have caused this Amendment Number
Seventeen to be executed and delivered by their duly authorized officers as of the Amendment Effective Date. 
  

 

			
	VELOCITY COMMERCIAL CAPITAL, LLC (Seller)

 
			
		
	By: 	 	/s/ Jeff Taylor

 
			
	Name:	 	Jeff Taylor
	Title:	 	Executive Vice President

  

			
	CITIBANK, N.A. (Buyer)

 
			
		
	By: 	 	 

 
			
	Name:	 	
	Title:	 	

 Amendment Seventeen to MRAEX-10.32

 Exhibit 10.32 

EXECUTION VERSION 
 AMENDMENT
NUMBER EIGHTEEN 
 to the 
 MASTER
REPURCHASE AGREEMENT 
 Dated as of May 17, 2013, 

between 
 VELOCITY COMMERCIAL
CAPITAL, LLC 
 and 
 CITIBANK,
N.A. 
 This AMENDMENT NUMBER EIGHTEEN (this “Amendment Number Eighteen”) is made this 19th day of December, 2018, between
VELOCITY COMMERCIAL CAPITAL, LLC (“Seller”) and CITIBANK, N.A. (“Buyer”), to the Master Repurchase Agreement, dated as of May 17, 2013, between Seller and Buyer, as such agreement may be amended from time to
time (as amended, the “Agreement”). Capitalized terms used but not otherwise defined herein shall have the meanings assigned to such terms in the Agreement. 

RECITALS 
 WHEREAS, Seller
has requested that Buyer agree to amend the Agreement, and the Buyer has agreed, subject to the terms and conditions set forth herein; and 

WHEREAS, as of the date hereof, Seller represents to Buyer that Seller is in full compliance with all of the terms and conditions of the
Agreement and each other Program Document and no Default or Event of Default has occurred and is continuing under the Agreement or any other Program Document. 

NOW THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, and for the mutual covenants
herein contained, the parties hereto hereby agree as follows: 
 SECTION 1. Amendment. Effective as of December 19, 2018 (the
“Amendment Effective Date”), the Agreement is hereby amended as follows: 
 (a) Section 2 of the Agreement is hereby amended
by deleting the definition “Change of Control” in its entirety and replacing it with the following: 

“Change of Control” shall mean the occurrence of any of the following: (a) the consummation of any
transaction (including, without limitation, any merger or consolidation), the result of which is that any “person” or “group” (as such terms are used in Section 13(d) and 14(d) of the Securities Exchange Act, as amended)
other than one or more Permitted Holders becomes the “beneficial owner”, directly or indirectly, of more than, at any time prior to an IPO, 30%, and at any time from an after an IPO, 50%, of the voting stock of the Parent, measured by
voting power rather than number of shares; provided that no direct or indirect holding company of the Parent that has no material assets or operations other than owning the capital stock of Seller or a Parent Entity will itself be considered
a “person” or “group” for purposes of this clause (a); provided, further, that for the purpose of this clause (a) a “person” or “group” shall not be deemed to have beneficial ownership of securities
subject to a securities purchase agreement, merger agreement or similar agreement until the consummation of the transactions contemplated by such agreement or (b) Parent ceases to directly or indirectly own and control, of record and
beneficially, 100% of the Equity Interests of Seller. 

 (b) Section 2 of the Agreement is hereby amended by adding the following definitions of
“Board of Directors,” “IPO,” “Parent,” “Parent Entity,” “Permitted Holder,” “Sponsors” and “Voting Stock” in their entirety, in the appropriate alphabetical order: 

“Board of Directors” means, with respect to any Person, the board of managers, board of directors or
comparable governing body of such Person (it being understood that, for example, in the case of a Person constituted as a sole-member-managed limited liability company or as a limited partnership with a sole general partner, the “comparable
governing body of such Person” refers to the board of managers, board of directors or comparable governing body of the sole member or sole general partner, respectively. 

“IPO” shall mean the issuance by Parent (or any Parent Entity of Parent) of its common Capital Stock in an
underwritten primary public offering (other than a public offering pursuant to a registration statement on Form S-8) pursuant to an effective registration statement filed with the Securities and Exchange
Commission in accordance with the Securities Act of 1933 (whether alone or in connection with a secondary public offering). 

“Parent” means Velocity Financial LLC, a Delaware limited liability company, and its successors. 

“Parent Entity” means any direct or indirect parent of Parent that is a holding company with no material
assets or operations other than holding (either directly or indirectly through one or more other Parent Entities) Capital Stock of Parent (excluding, for avoidance of doubt, any investment vehicle of any Sponsor). 

“Permitted Holder” means (i) each of the Parent, the Sponsors, and members of management and other
employees of the Parent (or any Parent Entity) or any of its Subsidiaries and any group (within the meaning of Section 13(d)(3) of the Securities Exchange Act, as amended, or any successor provision) of which any of the foregoing are members;
provided that, in the case of such group and without giving effect to the existence of such group or any other group, the Sponsors and members of management and other employees, collectively, have beneficial ownership of more than 50% of the total
voting power of the Voting Stock of the Parent or any Parent Entity and (ii) any Parent Entity (including a Parent Entity formed in connection with an initial public offering of the Parent) that is formed not in connection with, or in
contemplation of, a transaction that (but for the application to such Person of this clause (ii)) would constitute a Change of Control. 

“Sponsors” means, collectively, Snow Phipps Group LLC, Pacific Investment Management Company LLC and each of
their respective Affiliates and any investment vehicle managed, advised or controlled by the foregoing or their respective Affiliates. 

“Voting Stock” means, with respect to any Person, the Capital Stock of such Person of any class or classes,
the holders of which are ordinarily, in the absence of contingencies, entitled to vote for the election of members of the Board of Directors (or Persons performing similar functions) of such Person. 

SECTION 2. Fees and Expenses. Seller agrees to pay to Buyer all reasonable out of pocket costs and expenses incurred by Buyer in
connection with this Amendment Number Eighteen (including all reasonable fees and out of pocket costs and expenses of the Buyer’s legal counsel) in accordance with Sections 23 and 25 of the Agreement. 

  
 2 

 SECTION 3. Representations. Seller hereby represents to Buyer that as of the date
hereof, Seller is in full compliance with all of the terms and conditions of the Agreement and each other Program Document and no Default or Event of Default has occurred and is continuing under the Agreement or any other Program Document. 

SECTION 4. Binding Effect; Governing Law. This Amendment Number Eighteen shall be binding on and inure to the benefit of the parties
hereto and their respective successors and permitted assigns. THIS AMENDMENT NUMBER EIGHTEEN SHALL BE CONSTRUED IN ACCORDANCE WITH, AND GOVERNED BY, THE LAWS OF THE STATE OF NEW YORK, WITHOUT GIVING EFFECT TO THE CONFLICT OF LAWS PRINCIPLES THEREOF
(EXCEPT FOR SECTIONS 5-1401 AND 5-1402 OF THE NEW YORK GENERAL OBLIGATIONS LAW). 

SECTION 5. Counterparts. This Amendment Number Eighteen may be executed by each of the parties hereto on any number of separate
counterparts, each of which shall be an original and all of which taken together shall constitute one and the same instrument. 
 SECTION 6.
Limited Effect. Except as amended hereby, the Agreement shall continue in full force and effect in accordance with its terms. Reference to this Amendment Number Eighteen need not be made in the Agreement or any other instrument or document
executed in connection therewith, or in any certificate, letter or communication issued or made pursuant to, or with respect to, the Agreement, any reference in any of such items to the Agreement being sufficient to refer to the Agreement as amended
hereby. 

  
 3 

 IN WITNESS WHEREOF, Seller and Buyer have caused this Amendment Number Eighteen to be
executed and delivered by their duly authorized officers as of the Amendment Effective Date. 
  

			
	 VELOCITY COMMERCIAL CAPITAL, LLC

(Seller)

 
			
		
	By:	 	  

 
			
	Name:	 	
	Title:	 	

  

			
	 CITIBANK, N.A.

(Buyer)

 
			
		
	By:	 	 /s/ Susan Mills

 
			
	Name:	 	Susan Mills
	Title:	 	 Vice President
 Citibank, N.A.

 Amendment Eighteen to MRA 

 IN WITNESS WHEREOF, Seller and Buyer have caused this Amendment Number Eighteen to be
executed and delivered by their duly authorized officers as of the Amendment Effective Date. 
  

			
	 VELOCITY COMMERCIAL CAPITAL, LLC

(Seller)

 
			
		
	By:	 	 /s/ Jeff Taylor

 
			
	Name:	 	Jeff Taylor
	Title:	 	Executive Vice President

  

			
	 CITIBANK, N.A.

(Buyer)

 
			
		
	By:	 	  

 
			
	Name:	 	
	Title:	 	

 Amendment Eighteen to MRA

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