Document:

exv10w17w1

Exhibit 10.17.1

24 February 2010

CS
EUROPE FINANCE LIMITED and CS UK FINANCE LIMITED

as the Borrowers

EACH OF THE INSTITUTIONAL LENDERS

PARTY HERETO AS LENDERS,

as the Lenders

EACH
OF THE LENDER AGENTS

PARTY HERETO AS LENDER AGENTS,

as the Lender Agents

EACH OF THE SWINGLINE LENDER AGENTS

PARTY HERETO AS SWINGLINE LENDER AGENTS

as the Swingline Lender Agents

EACH OF THE INSTITUTIONAL LENDERS

PARTY HERETO AS SWINGLINE LENDERS,

as the Swingline Lenders

CAPITALSOURCE FINANCE LLC

as Servicer

CAPITALSOURCE EUROPE LIMITED

as Subservicer and Parent

CAPITALSOURCE (UK) LIMITED

as Parent

WACHOVIA BANK, N.A.

as the Administrative Agent and the Security Trustee

and

WACHOVIA SECURITIES INTERNATIONAL LTD.,

as Lead Arranger and Sole Bookrunner

 

 

DEED OF AMENDMENT RELATING TO
THE 
SERVICING AGREEMENT

 

 

 

THIS DEED
OF AMENDMENT (this “Deed”) is dated 24 February 2010 and made among:

	(1)	 	CS EUROPE FINANCE LIMITED (“CSEF”), a wholly-owned subsidiary of CapitalSource Europe Limited.
incorporated in England and Wales under registered number 6340019 and CS UK FINANCE LIMITED
(“CSUF”), a wholly-owned subsidiary of CapitalSource UK Limited incorporated in England and Wales
under registered number 6340034, each as a borrower and guarantor (each, a “Borrower” and together
the “Borrowers”);
	 
	(2)	 	EACH OF THE INSTITUTIONAL LENDERS party hereto and as defined in the Facility Agreement
referenced below as an institutional lender, (each a “Lender”, together the “Lenders”);
	 
	(3)	 	EACH OF THE LENDER AGENTS party hereto and as defined in the Facility Agreement referenced
below as a lender agent (each a “Lender Agent” and together the “Lender Agents”);
	 
	(4)	 	EACH OF THE INSTITUTION LENDERS party hereto and as defined in the Facility Agreement
referenced below as a swingline lender, (each, a “Swingline Lender” and together the “Swingline
Lenders”);
	 
	(5)	 	EACH OF THE SWINGLINE LENDER AGENTS party hereto and as defined in the Facility Agreement
referenced below as a swingline lender agent, (each a “Swingline Lender Agent” and together the
“Swingline Lender Agents”);
	 
	(6)	 	CAPITALSOURCE FINANCE LLC, as the servicer (the “Servicer”);
	 
	(7)	 	CAPITALSOURCE EUROPE LIMITED (“CSEL”), a company incorporated in England and Wales, as a
Subservicer (together with its successors and assigns in such capacity, a “Subservicer”) as the
parent company of CS Europe Finance Limited, in such capacity, a “Parent”) and as the Original
Subordinated Creditor;
	 
	(8)	 	CAPITALSOURCE (UK) LIMITED, a company incorporated in England and Wales, as parent company of
CS UK Finance Limited (in such capacity, a “Parent”);
	 
	(9)	 	WACHOVIA BANK, N.A., as the administrative agent, (the “Administrative Agent”) and as the
security trustee to the Secured Parties (together with its successors and assigns in such capacity,
the “Security Trustee”); and
	 
	(10)	 	WACHOVIA SECURITIES INTERNATION LTD., as lead arranger (the “Lead Arranger”) and sole
bookrunner (the “Sole Bookrunner”).

WHEREAS,

	 	(A)	 	Pursuant to the terms of a multicurrency facility agreement dated 3 October 2007, as
amended on 24 September 2008, 10 February 2009 and 29 May 2009, the Lenders have agreed to
provide a €250,000,000 credit facility to the Borrowers (the “Facility Agreement”).

 - 2 - 

 

	 	(B)	 	Pursuant to the terms of a servicing agreement dated 3 October 2007 as amended on 24 September
2008 and 29 May 2009 (the “Servicing Agreement”), the Borrowers have appointed CapitalSource
Finance LLC as Servicer to service the Loans and to enforce the Borrowers’ rights and interests in
and under each Loan.
	 
	 	(C)	 	The parties hereto agree to amend the Servicing Agreement on the terms and subject to the
conditions set forth herein.

IT IS AGREED as follows:

	1.	 	DEFINITIONS AND INTERPRETATION
	 
	1.1	 	Definitions
	 
	 	 	In this Deed:
	 
	 	 	“Deemed Effective Date” means 31 December 2009.
	 
	 	 	“Effective Date” means 24 February 2010.
	 
	1.2	 	Defined terms
	 
	 	 	Terms defined in the Facility Agreement and the Servicing Agreement shall have the same meaning in
this Deed.
	 
	1.3	 	Incorporation of Clauses 1.2 to 1.3 (inclusive) of the Facility Agreement.
	 
	 	 	Clauses 1.2 to 1.3 (inclusive) of the Facility Agreement shall be incorporated by reference into
this Deed and shall apply as if expressly set out herein.
	 
	1.4	 	Conduit Lender
	 
	 	 	It is noted that as at this date, there is no Conduit Lender which is party to the Amended
Servicing Agreement. Given that the Amended Servicing Agreement is being amended by all the current
parties thereto, the amendments shall be binding on any future party which adheres to this document
in the future (including any future Conduit Lender).
	 
	1.5	 	Effective Date and Deemed Effective Date
	 
	 	 	This Deed shall come into effect on the Effective Date but the parties acknowledge and agree that
the amendment to the Servicing Agreement shall be deemed to have taken effect as of the Deemed
Effective Date. 
	 
	2.	 	AMENDMENTS
	 
	2.1	 	Amendment to the Servicing Agreement:
	 
	 	 	The parties to this Deed acknowledge and agree that the Servicing Agreement shall be deemed to have
been amended as follows as from the Deemed Effective Date:

	 	(a)	 	the definition of “Consolidated Tangible Net Worth” shall be deleted in its entirety
and replaced by the following:

 - 3 - 

 

	 	 	 	““Consolidated Tangible Net Worth” means, as of any date of determination, with respect to
CapitalSource Inc., (A) to the extent the Credit Agreement is in effect, the definition of
“Consolidated Tangible Net Worth” as set forth in such Credit Agreement, and (B) in all other
cases, the assets less the liabilities of CapitalSource Inc. and its Consolidated Subsidiaries, the
CapitalSource Bank Entities and each Healthcare REIT Consolidated Subsidiary, less intangible
assets (including goodwill), less loans or advances to stockholders, directors, officers or
employees, all determined in accordance with GAAP.”
	 
	 	(b)	 	the definition of “Minimum Consolidated Tangible Net Worth” shall be deleted in its
entirety and replaced by the following:
	 
	 	 	 	““Minimum Consolidated Tangible Net Worth” means (i) $1,725,000,000, plus (ii) 70% of the cumulative
Net Proceeds of Capital Stock/Conversion of Debt received at any time after 24 February 2010.”

	2.2	 	Clause 1.2.1(j) of the Facility Agreement shall be incorporated by reference into this Deed
such that any references to the Servicing Agreement therein shall include the amendments made
thereto in this Deed.
	 
	3.	 	REPRESENTATIONS
	 
	3.1	 	The representations and warranties set out in Clause 16.1 (Representations and Warranties) in
the Facility Agreement as amended on this date are deemed to be repeated by the Borrower on the
Effective Date.
	 
	3.2	 	The representations and warranties set out in Clause 9 (Representations, Warranties and
Undertakings of the Servicer and Parents) in the Servicing Agreement as amended on this date are
deemed to be repeated by the Servicer and by each Parent on the Effective Date.
	 
	4.	 	CONTINUITY AND FURTHER ASSURANCE
	 
	4.1	 	Continuing obligations
	 
	 	 	The provisions of the Servicing Agreement shall, save as amended by this Deed, continue in full
force and effect.
	 
	4.2	 	Further assurance
	 
	 	 	Each Borrower shall, at the request of the Administrative Agent and at its own expense, do all such
acts and things necessary or desirable to give effect to the amendments effected or to be effected
pursuant to this Deed.
	 
	5.	 	FEES, COSTS AND EXPENSES
	 
	 	 	The Borrowers shall promptly on demand pay the Administrative Agent the amount of all costs and
expenses (including legal fees) reasonably incurred by it in connection with the negotiation,
preparation, printing and execution of this Deed and any other documents referred to in this Deed.

 - 4 - 

 

	6. MISCELLANEOUS
	 
	6.1	 	Incorporation of terms
	 
	 	 	The provisions of Clause 29 (Notices), Clause 32 (Partial Invalidity), Clause 33 (Remedies and
waivers), Clause 37 (Enforcement), and Clause 38 (Service of Process) of the Facility Agreement
shall be incorporated into this Deed amended as if set out in full in this Deed.
	 
	6.2	 	Counterparts
	 
	 	 	This Deed may be executed in any number of counterparts, and this has the same effect as if the
signatures on the counterparts were on a single copy of this Deed.
	 
	7. GOVERNING LAW
	 
	 	 	This Deed is governed by English law.
	 
	8. COUNTERPARTS
	 
	 	 	This Deed may be executed in any number of counterparts, and this has the same effect as if the
signatures on the counterparts were on a single copy of the Deed.

 - 5 - 

 

IN WITNESS whereof this Deed has been executed and delivered on the date shown at the top of
this document.

	 	 	 	 	 	 	 	 
	The Borrowers
	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	EXECUTED AND DELIVERED as a DEED
	 	 	)	 	 	 
	For and on behalf of CS EUROPE FINANCE
	 	 	)	 	 	 
	LIMITED by its duly appointed
	 	 	)	 	 	 
	 
	Attorney
	 	 	 	 	 	 
	 
	By:  
	/s/ Giles Coates	 	 	 	 	 
	Name: Giles Coates
	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	Title: Authorized Signatory
	 	 	 	 	 	 
	In the presence of:
	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	Signature
of Witness: /s/ Rosanne Willging
	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	Name of Witness: Rosanne Willging

4445 Willard Avenue, 12th F1

Chevy Chase, MARYLAND 20815 

	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	EXECUTED AND DELIVERED as a DEED
	 	 	)	 	 	 
	For and on behalf of CS UK FINANCE LIMITED
	 	 	)	 	 	 
	by it’s duly appointed Attorney
	 	 	)	 	 	 
	 
	 	 	 	 	 	 
	By: 
	/s/ Giles Coates	 	 	 	 	 
	Name: Giles Coates
	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	Title: Authorized Signatory
	 	 	 	 	 	 
	In the presence of:
	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	Signature
of Witnes: /s/ Rosanne Willging
	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	Name of Witness: Rosanne Willging

4445 Willard Avenue, 12th F1

Chevy Chase, MARYLAND 20815 

	 	 	 	 	 	 

- 6 -

 

	 	 	 	 	 	 	 	 	 
	The Administrative Agent and the Security Trustee	 	 
	 
	 	 	 	 	 	 	 	 
	Executed and delivered as a Deed by:	 	 	)	 	 	 
	 

	 	 	 	 	)	 	 	 
	/s/
Raj Shah
	 	 	)	 	 	 
	 	 	 	)	 	 	 
	Name:
	 	Raj Shah, Managing Director	 	 	)	 	 	 
	 

	 	 

	 	 	

	 	 	 
	Director/Authorised Signatory for and on behalf of	 	 	)	 	 	 
	WACHOVIA BANK, N.A. in the presence of:	 	 	)	 	 	 
	 

	 	 	 	 	)	 	 	 
	 

	 	 	 	 	)	 	 	 
	 
	 	 	 	 	 	 	 	 
	Signature of Witness:
/s/ Matt Jensen	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	Name of Witness: Matt Jensen

301 S. College Street

Charlotte, NC 28288

	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	The Institutional Lender	 	 	 	 	 	 
	 
	Executed and delivered as a Deed by:	 	 	)	 	 	 
	/s/
Raj Shah
	 	 	)	 	 	 
	 	 	 	)	 	 	 
	Name:
Raj Shah, Managing Director
	 	 	)	 	 	 
	 

	 	 

	 	 	 	 	 	 
	Director/Authorised Signatory for and on behalf of	 	 	)	 	 	 
	WACHOVIA BANK, N.A. in the presence of:	 	 	)	 	 	 
	 

	 	 	 	 	)	 	 	 
	 

	 	 	 	 	)	 	 	 
	 

	 	 	 	 	)	 	 	 
	 
	 	 	 	 	 	 	 	 
	Signature of Witness:
/s/ Matt Jensen	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	Name of Witness: Matt
Jensen

301 S. College Street

Charlotte, NC 28288

	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	The Swingline Lender	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	Executed and delivered as a Deed by:	 	 	)	 	 	 
	/s/
Raj Shah
	 	 	)	 	 	 
	 	 	 	)	 	 	 
	Name:
Raj Shah, Managing Director
	 	 	)	 	 	 
	 

	 	 

	 	 	 	 	 	 
	Director/Authorised Signatory for and on behalf of	 	 	)	 	 	 
	WACHOVIA BANK, N.A., LONDON	 	 	)	 	 	 
	BRANCH in the presence of:	 	 	)	 	 	 
	BRANCH in the presence of:	 	 	)	 	 	 
	 
	 	 	 	 	 	 	 	 
	Signature of Witness:
/s/ Matt Jensen	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	Name of Witness: Matt
Jensen

301 S. College Street

Charlotte, NC 28288

	 	 	 	 	 	 

- 7 -

 

	 	 	 	 	 	 	 	 	 
	Lender Agent	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	Executed and delivered as a Deed by:	 	 	)	 	 	 
	 
	 	 	 	 	)	 	 	 
	/s/ Raj Shah
	 	 	)	 	 	 
	 	 	 	)	 	 	 
	Name:
	 	Raj Shah, Managing Director	 	 	)	 	 	 
	 

	 	 

	 	 	 	 	 	 
	Director/Authorised Signatory for and on behalf of	 	 	)	 	 	 
	WACHOVIA BANK, N.A. in the presence of:	 	 	)	 	 	 
	 

	 	 	 	 	)	 	 	 
	 

	 	 	 	 	)	 	 	 
	 
	 	 	 	 	 	 	 	 
	Signature of Witness:
/s/ Matt Jensen	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	Name of Witness: Matt
Jensen

301 S. College Street

Charlotte, NC 28288

	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	Swingline Lender Agent	 	 	)	 	 	 
	Executed and delivered as a Deed by:	 	 	)	 	 	 
	/s/ Raj Shah
	 	 	)	 	 	 
	 	 	 	)	 	 	 
	Name:
	 	Raj Shah, Managing Director	 	 	)	 	 	 
	 

	 	 

	 	 	 	 	 	 
	Director/Authorised Signatory for and on behalf of	 	 	)	 	 	 
	WACHOVIA BANK, N.A. in the presence of:	 	 	)	 	 	 
	 

	 	 	 	 	)	 	 	 
	 

	 	 	 	 	)	 	 	 
	 
	 	 	 	 	 	 	 	 
	Signature of Witness:
/s/ Matt Jensen	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	Name of Witness: Matt Jensen

301 S. College Street

Charlotte, NC 28288

	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	Lead Arranger and Sole Bookrunner	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	Executed and delivered as a Deed by:	 	 	)	 	 	 
	/s/ Walter Dolhare
	 	 	)	 	 	 
	 	 	 	)	 	 	 
	Name:
	 	Walter Dolhare	 	 	)	 	 	 
	 

	 	 

	 	 	)	 	 	 
	Director/Authorised Signatory for and on behalf of	 	 	)	 	 	 
	WACHOVIA SECURITIES	 	 	)	 	 	 
	INTERNATIONAL LTD in the presence of:	 	 	)	 	 	 
	 
	 	 	 	 	 	 	 	 
	Signature of Witness:
/s/ Matt Jensen	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	Name of Witness: Matt
Jensen

301 S. College Street

Charlotte, NC 28288

	 	 	 	 	 	 

- 8 -

 

	 	 	 	 	 	 	 	 
	The Parent and Subservicer

	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	EXECUTED AND DELIVERED as a DEED

	 	 	)	 	 	 
	For and on behalf of CAPITALSOURCE

	 	 	)	 	 	 
	EUROPE LIMITED by its duly appointed Attorney

	 	 	)	 	 	 
	 
	 	 	 	 	 	 
	By:  
	/s/ Giles Coates	 	 	 	 	 
	Name: Giles Coates
	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	Title: Authorized Signatory
	 	 	 	 	 	 
	In the presence of:
	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	Signature
of Witness: /s/ Rosanne Willging
	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	Name of Witness: Rosanne Willging

4445 Willard Avenue, 

12th Floor

Chevy Chase, Maryland 20815 

	 	 	 	 	 
	 
	 	 	 	 	 	 
	The Servicer
	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	EXECUTED AND DELIVERED as a DEED

	 	 	)	 	 	 
	For and on behalf of CAPITALSOURCE

	 	 	)	 	 	 
	FINANCE LLC by its duly appointed Attorney

	 	 	)	 	 	 
	 
	 	 	 	 	 	 
	By:  
	/s/ Giles Coates	 	 	 	 	 
	Name: Giles Coates
	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	Title: Authorized Signatory
	 	 	 	 	 	 
	In the presence of:
	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	Signature of Witness: /s/ Rosanne Willging
	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	Name
of Witness: Rosanne Willging

4445 Willard Avenue, 

12th Floor

Chevy Chase, Maryland 20815 

	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	The Parent
	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	EXECUTED AND DELIVERED as a DEED

	 	 	)	 	 	 
	For and on behalf of CAPITALSOURCE (UK)

	 	 	)	 	 	 
	LIMITED by its duly appointed Attorney

	 	 	)	 	 	 
	 
	 	 	 	 	 	 
	By:  
	/s/ Giles Coates	 	 	 	 	 
	Name: Giles Coates
	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	Title: Authorized Signatory
	 	 	 	 	 	 
	In the presence of:
	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	Signature
of Witness: /s/ Rosanne Willging
	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	Name of Witness: Rosanne Willging

4445 Willard Avenue, 

12th Floor

Chevy Chase, Maryland 20815 

	 	 	 	 	 

- 9 -exv10w22w1

'

Exhibit 10.22.1

     THIRD AMENDMENT, dated as of February 26, 2010 (this “Amendment”), to the Fourth Amended
and Restated Sale and Servicing Agreement dated as of June 16, 2009 (as amended by that certain
First Amendment dated as of July 14, 2009, that certain Second Amendment and Waiver dated as of
August 28, 2009, and as further amended, restated, supplemented or otherwise modified from time to
time, the “Agreement”), by and among CapitalSource Real Estate Loan LLC, 2007-A, as the seller (the
“Seller”), CSE Mortgage LLC, as the originator (the “Originator”), and as the servicer (the
“Servicer”), each of the Issuers from time to time party thereto (collectively, the “Issuers”),
each of the Liquidity Banks from time to time party thereto (collectively, the “Liquidity Banks”),
Citicorp North America, Inc., as the administrative agent for the Issuers and Liquidity Banks
thereunder (the “Administrative Agent”), and Wells Fargo Bank, National Association, not in its
individual capacity but as the backup servicer (the “Backup Servicer”), and not in its individual
capacity but as the collateral custodian (the “Collateral Custodian”). Terms not otherwise defined
in this Amendment shall have the meanings set forth in the Agreement.

     The parties hereto desire to amend certain provisions of the Agreement in the manner provided
herein.

     Accordingly, for good and valuable consideration, the receipt and sufficiency of which are
hereby acknowledged by the parties hereto, the parties hereto hereby agree as follows:

     Section 1. Amendments to the Agreement. Effective as of the Effective Date, the
Agreement is hereby amended as follows:

     (i) the following new definitions are added to Section 1.1 thereof in proper
alphabetical order:

“CapitalSource Convertible Bonds”: The 3.5% Senior Convertible Debentures
due 2034 and the 4.0% Senior Subordinated Convertible Debentures due 2034
issued by CapitalSource Inc., including any refinancing or reissuance
thereof.

“CapitalSource
Convertible Bond Put Date”: The earlier of (i) the
maturity date (as such may be accelerated) of either of the
CapitalSource Convertible Bonds (provided, that this clause (i)
shall not be triggered as a result of an exchange offer, tender
offer, purchase on the open market or other refinancing with respect
to either of the CapitalSource Convertible Bonds) or (ii) the
date on which any of the holders of either of the CapitalSource
Convertible Bonds may require CapitalSource Inc. to repurchase,
retire or redeem all or any portion of either of the CapitalSource
Convertible Bonds.

“Third Amendment Effective Date”: February 26, 2010.

     (ii) the definition of “Consolidated Tangible Net Worth” in Section 1.1 thereof
is deleted and replaced with the following:

“Consolidated Tangible Net Worth”: As of any date of determination, the
GAAP assets less the liabilities of CapitalSource Inc., its Consolidated
Subsidiaries, the CapitalSource Bank Entities and each Healthcare REIT
Consolidated Subsidiary, less intangible assets (including goodwill), less
loans or advances to stockholders, directors, officers or employees.

     (iii) the definition of “Maximum Advance Rate” in Section 1.1 thereof is
deleted and replaced with the following:

“Maximum Advance Rate” As of (i) the Payment Date occurring in May
2010, after giving effect to all amounts applied on such date, equals 27.2%
of the Aggregate Outstanding Asset Balance on such date, (ii) the Payment
Date occurring in August 2010, after giving effect to all amounts applied on
such date, equals 23.6% of the Aggregate Outstanding Asset Balance on such
date, (iii) the

 

 

Payment Date occurring in November 2010, after giving effect to all amounts
applied on such date, equals 19.8% of the Aggregate Outstanding Asset
Balance on such date and (iv) the Payment Date occurring in February 2011,
after giving effect to all amounts applied on such date, equals 18.4% of the
Aggregate Outstanding Asset Balance on such date.

     (iv) the definition of “Termination Event” in Section 1.1 thereof is amended by
replacing the text “10.1(y) or 10.1(z)” appearing therein with the
text “10.1(y), 10.1(z) or 10.1(aa)”.

     (v) the definition of “TNW Test Level” in Section 1.1 thereof is deleted and
replaced with the following:

“TNW Test Level”: The greater of (A) sum of (i) $1,725,000,000, plus (ii)
70% of the cumulative Net Proceeds of Capital Stock/Conversion of Debt
received at any time after February 24, 2010, and (B) the covenant level for
“Minimum Consolidated Tangible Net Worth” set forth under any of the Other
CapitalSource Facilities, including Section 5.32(c) of the Credit Agreement
(or any replacement provision thereunder).

     (vi) Section 2.13 thereof is deleted and replaced with the following:

“On the first Payment Date following the Termination Date when the Class A
Advances Outstanding is less than 5% of the Class A Advances Outstanding as
of the Termination Date (the “5% Date”), the Seller shall notify the
Administrative Agent in writing of its intention to purchase all remaining
Collateral. On the earlier of (a) the Payment Date next succeeding the 5%
Date or (b) the date (such date being June 30, 2011 as of the Third
Amendment Effective Date) that is ten (10) Business Days prior to the
CapitalSource Convertible Bond Put Date, the Seller shall (i) terminate all
Hedge Transactions in accordance with their terms and (ii) purchase all
remaining Collateral for a price equal to the Aggregate Unpaids and the
proceeds of such purchase will be deposited into the Collection Account and
paid in accordance with Section 2.10.”

     (vii) Section 10.1 thereof is amended by (i) changing the designation of clause
“(z)” to “(aa)” and (ii) inserting the following new clause “(z)”:

“(z) as of any Payment Date specified in the definition of Maximum Advance
Rate, the ratio (expressed as a percentage) of the aggregate amount of
Advances Outstanding divided by the Aggregate Outstanding Asset Balance (in
each case, after giving effect to all amounts applied on such date) exceeds
the Maximum Advance Rate and the same continues unremedied for two Business
Days; or”.

     Section 2. Representations and Warranties of the Seller and the Servicer.

     Each of the Seller and the Servicer, jointly and severally, hereby represents and warrants as
of the date hereof as follows (which representations and warranties shall survive the execution and
delivery of this Amendment):

     (i) The representations and warranties of each of the Seller and the Servicer
set forth in the Agreement are true and correct on and as of such date, after giving
effect to this Amendment, as though made on and as of such date;

2

 

     (ii) Following the effectiveness of this Amendment, no event has occurred and
is continuing which constitutes a Termination Event or Unmatured Termination Event;

     (iii) Each of the Seller and the Servicer is in compliance with each of its
covenants and agreements set forth in the Transaction Documents; and

     (iv) This Amendment has been duly executed and delivered by the Seller and the
Servicer and constitutes the legal, valid and binding obligation of the Seller and
Servicer, and is enforceable in accordance with its terms subject (x) as to
enforcement of remedies, to applicable bankruptcy, insolvency, reorganization,
moratorium and other similar laws affecting the enforcement of creditors’ rights
generally, from time to time in effect, and (y) to general principles of equity.

     Section 3. Effective Date; Continued Effectiveness; Governing Law; Counterparts.

     (a) This Amendment shall become effective as of the time and date (the “Effective Date”) when:

     (i) the Administrative Agent shall have received a counterpart of this
Amendment, duly executed and delivered on behalf of each of the parties hereto;

     (ii) the Administrative Agent shall have received (i) duly executed
counterparts of the fee letter dated as of the date hereof among the parties hereto
regarding the payment of certain amendment fees on the date hereof (the “Fee
Letter”) and (ii) payment of the Amendment Fee (as defined in the Fee Letter);

     (iii) the Advances Outstanding shall have been reduced to an amount equal to or
less than $123,470,625; and

     (iv) the Originator shall have paid all outstanding fees and expenses of
counsel to the Administrative Agent.

     (b) Nothing herein shall be deemed to be a waiver of any covenant, or agreement contained in,
or any Termination Event or Unmatured Termination Event under the Agreement and each of the parties
hereto agrees that all other covenants and agreements and other provisions contained in the
Agreement and the other Transaction Documents as modified by this Amendment shall remain in full
force and effect from and after the date of this Amendment.

     (c) THIS AMENDMENT, AND THE AGREEMENT AS AMENDED BY THE AMENDMENT, SHALL BE GOVERNED BY, AND
CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK WITHOUT GIVING EFFECT TO ANY CHOICE
OF LAW PROVISIONS THEREOF (OTHER THAN SECTIONS 5-1401 AND 5-1402 OF THE GENERAL OBLIGATIONS LAW OF
THE STATE OF NEW YORK).

     (d) This Amendment may be executed in any number of counterparts and by different parties
hereto in separate counterparts (including by facsimile or by electronic mail in portable document
format (pdf)), 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 agreement.

[Remainder of Page Intentionally Left Blank.]

3

 

     IN WITNESS WHEREOF, the parties have caused this Amendment to be executed by their respective
officers thereunto duly authorized, as of the date first above written.

	 	 	 	 	 
	THE SELLER:	 	CAPITALSOURCE REAL ESTATE LOAN LLC, 2007-A
	 
	 	 	 	 
	 

	 	By:
	 	/S/ JEFFREY A. LIPSON
	 

	 	 	 	 
	 

	 	Name:
	 	Jeffrey A. Lipson
	 

	 	Title:
	 	Senior Vice President and Treasurer
	 
	 	 	 	 
	THE ORIGINATOR AND SERVICER:	 	CSE MORTGAGE LLC
	 
	 	 	 	 
	 

	 	By:
	 	/S/ JEFFREY A. LIPSON
	 

	 	 	 	 
	 

	 	Name:
	 	Jeffrey A. Lipson
	 

	 	Title:
	 	Senior Vice President and Treasurer

[Signatures Continued on the Following Page]

 

 

	 	 	 	 	 
	ISSUER:	 	CHARTA, LLC,
in its capacity as an Issuer
	 
	 	 	 	 
	 	 	By: Citibank, N.A., as Attorney-in-Fact
	 
	 	 	 	 
	 

	 	By:	 	/s/ GERALD F. KEEFE
	 

	 	 	 	 
	 

	 	Name:	 	Gerald F. Keefe
	 

	 	 	 	 
	 

	 	Title:	 	Authorized Signatory
	 

	 	 	 	 
	 
	 	 	 	 
	ISSUER:	 	CAFCO, LLC,
in its capacity as an Issuer
	 
	 	 	 	 
	 	 	By: Citibank, N.A., as Attorney-in-Fact
	 
	 	 	 	 
	 

	 	By:	 	/s/ GERALD F. KEEFE
	 

	 	 	 	 
	 

	 	Name:	 	Gerald F. Keefe
	 

	 	 	 	 
	 

	 	Title:	 	Authorized Signatory
	 

	 	 	 	 

[Signatures Continued on the Following Page]

 

 

	 	 	 	 	 
	LIQUIDITY BANK:	 	CITIBANK, N.A.,
in its capacity as a Liquidity Bank
	 
	 	 	 	 
	 

	 	By:	 	/s/ GERALD F. KEEFE 
	 

	 	 	 	 
	 

	 	Name:	 	Gerald F. Keefe 
	 

	 	 	 	 
	 

	 	Title:	 	Authorized Signatory 
	 

	 	 	 	 
	 
	 	 	 	 
	THE ADMINISTRATIVE AGENT	 	CITICORP NORTH AMERICA, INC.
	 
	 	 	 	 
	 

	 	By:	 	/s/ GERALD F. KEEFE 
	 

	 	 	 	 
	 

	 	Name:	 	Gerald F. Keefe 
	 

	 	 	 	 
	 

	 	Title:	 	Authorized Signatory

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00169-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00169-of-00352.parquet"}]]