Document:

Exhibit 10.5

 

AMENDMENT NO. 1 AND JOINDER TO

REGISTRATION RIGHTS AGREEMENT

 

This Amendment No.
1 and Joinder to Registration Rights Agreement (this “Amendment”) dated as of June 3, 2020 (the “Effective
Date”) is entered into by and among Great Ajax Corp., a Maryland corporation (the “Company”) and the
Purchasers set forth on the signature pages hereto. Capitalized terms used but not defined herein have the respective meanings
assigned to such terms in the Registration Rights Agreement (as defined below).

 

WHEREAS, each of
the Company and certain of the Purchasers, among others, executed and delivered the Securities Purchase Agreement, pursuant to
which on April 6, 2020 the Company issued and sold, and each of such initial Purchasers purchased, the number of shares
of Preferred Stock and Warrants (the “Original Securities”) set forth next to the name of such Purchaser on
Schedule II thereto;

 

WHEREAS, in connection
with the issuance of the Original Securities, the Company and the Purchasers originally party to the Securities Purchase Agreement
executed and delivered the Registration Rights Agreement dated as of April 6, 2020 (the “Registration Rights
Agreement”) pursuant to which, among other things, the Company agreed to register under the Securities Act the resale
of the Registrable Securities on the terms and conditions set forth therein;

 

WHEREAS, the Company
has been aware since the negotiation of the transactions contemplated by the Securities Purchase Agreement, it has been the stated
intent of Magnetar Capital, LLC (“Magnetar”), as investment manager or adviser to the Purchasers that purchased
securities on April 6, 2020, to permit certain other investment funds or accounts, managed or advised by Magnetar (including
the Option Purchasers (as defined herein), the “Additional Parties“) to participate in the transactions contemplated
by the Securities Purchase Agreement (and the other agreements related thereto), including allowing such Additional Parties to
purchase the Option Securities;

 

WHEREAS, on June
1, 2020, the Purchasers delivered a written notice to the Company pursuant to which the Purchasers exercised in full their
option set forth in the Securities Purchase Agreement (the “Option Exercise”) to purchase the Option Securities
(as defined in the Securities Purchase Agreement);

 

WHEREAS, in respect
of the exercise of the option to purchase the Option Securities by the Purchasers and the Company’s issuance and sale of
the Option Securities to certain of the Purchasers against payment therefor, as of the date hereof, the Company and the Purchasers,
among others, have executed and delivered an Amendment No. 1 and Joinder to Securities Purchase Agreement in order to, among other
things, update the definition of “Purchasers” and the list of Purchasers attached as Schedule II thereto; and

 

WHEREAS, the parties
hereto desire to enter into this Amendment in order to, among other things, update the list of Purchasers attached as Exhibit A
to the Registration Rights Agreement and effective as of the date hereof join the Option Purchasers as parties to the Registration
Rights Agreement.

 

     

     

    

 

NOW, THEREFORE,
IN CONSIDERATION of the mutual covenants contained in this Amendment, and for other good and valuable consideration the receipt
and adequacy of which are hereby acknowledged, the Company and the Purchasers hereby agree as follows:

 

	1.	Acknowledgment. Each of the parties hereto acknowledges and agrees that it was the
original intent of the parties to the Securities Purchase Agreement to permit the Additional Parties to participate in the transactions
contemplated by the Securities Purchase Agreement (and the other agreements related thereto, including the Registration Rights
Agreement), including allowing any such Additional Parties to obtain the registration and other rights contemplated by the Registration
Rights Agreement.

 

	2.	Amendments.

 

		a.	Schedule A of the Registration Rights Agreement is hereby amended and restated in its entirety
as set forth in Schedule A hereto, and the definitions of “Purchaser” and “Purchasers” in the Registration
Rights Agreement are hereby amended and restated in their entirety to include each Purchaser set forth in Schedule A hereto.

 

		b.	The definition of “Securities Purchase Agreement” in the Registration Rights Agreement
is hereby amended and restated in its entirety with the following definition:

 

““Securities Purchase
Agreement” means the Securities Purchase Agreement, dated as of April 3 2020, by and among the Company, Great Ajax Operating
Partnership, L.P. Thetis Asset Management LLC and certain Purchasers thereto, as amended by Amendment No. 1 and Joinder thereto,
dated as of June 3, 2020.”

 

	3.	Joinder. Effective as of the date hereof, each of the Magnetar Constellation Master
Fund, Ltd., Purpose Credit Alternative Fund – F LLC and Purpose Credit Alternative Fund – T LLC (collectively, the
 “Option Purchasers” and each, an “Option Purchaser”) hereby agrees to become a party to,
be bound by, and comply with the terms and conditions set forth in the Registration Rights Agreement, as amended by this Amendment,
with all of the rights, privileges and obligations as if such Option Purchaser had executed and delivered the Registration Rights
Agreement as a First Closing Purchaser thereunder. Each of the Company and the Purchasers hereby agree that each Option Purchaser
shall be treated as a party to the Registration Rights Agreement and shall be deemed to have all rights and privileges necessary
to exercise the rights of a Purchaser thereunder.

 

	4.	Other Agreements. The Company and the Purchasers hereby agree that the provisions
set forth in Article III of the Registration Rights Agreement are hereby incorporated by reference into this Amendment in their
entirety, and shall constitute valid, binding and enforceable agreements and shall have the same force and effect among the parties
hereto as they do with respect to the Registration Rights Agreement.

 

	5.	Miscellaneous. In the event of a conflict between the terms, conditions and provisions
set forth in this Amendment and those set forth in the Registration Rights Agreement, the provisions set forth in this Amendment
shall prevail.

 

[Signature Page Follows]

 

    2

     

    

 

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

 

	GREAT
    AJAX CORP.	 
	 	 
	 	 
	By: 	/s/ Lawrence Mendelsohn	 
	 	Name: Lawrence Mendelsohn	 
	 	Title: Chief Executive Officer	 

 

Signature Page to Amendment No. 1 and Joinder to Registration
Rights Agreement

(Great Ajax Corp.)

 

    

     

    

 

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

 

	MAGNETAR
    CONSTELLATION FUND V LTD	 
	 	 
	By:
    MAGNETAR FINANCIAL LLC, its investment manager	 
	 	 
	 	 
	By:	 /s/ Karl Wachter	 
	Name:	 Karl Wachter	 
	Title: 	General Counsel	 

 

Signature Page to Amendment No. 1 and Joinder to Registration
Rights Agreement

(Great Ajax Corp.)

 

    

     

    

 

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

 

	MAGNETAR
    CONSTELLATION FUND V LLC	 
	 	 
	By:
    MAGNETAR FINANCIAL LLC, its manager	 
	 	 
	 	 
	By:	 /s/ Karl Wachter	 
	Name: 	Karl Wachter	 
	Title:	 General Counsel	 

 

Signature Page to Amendment No. 1 and Joinder to Registration
Rights Agreement

(Great Ajax Corp.)

 

    

     

    

 

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

 

	MAGNETAR
    LONGHORN FUND LP	 
	 	 
	By:
    MAGNETAR FINANCIAL LLC, its investment manager	 
	 	 
	 	 
	By: 	/s/ Karl Wachter	 
	Name:	 Karl Wachter	 
	Title: 	General Counsel	 

 

Signature Page to Amendment No. 1 and Joinder to Registration
Rights Agreement

(Great Ajax Corp.)

 

    

     

    

 

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

 

	MAGNETAR
    SC FUND LTD	 
	 	 
	By:
    MAGNETAR FINANCIAL LLC, its investment manager	 
	 	 
	 	 
	By:	 /s/ Karl Wachter	 
	Name: 	Karl Wachter	 
	Title: 	General Counsel	 

 

Signature Page to Amendment No. 1 and Joinder to Registration
Rights Agreement

(Great Ajax Corp.)

 

    

     

    

 

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

 

	MAGNETAR
    STRUCTURED CREDIT FUND, LP	 
	 	 
	By:
    MAGNETAR FINANCIAL LLC, its general partner	 
	 	 
	 	 
	By: 	/s/ Karl Wachter	 
	Name:	 Karl Wachter	 
	Title: 	General Counsel	 

 

Signature Page to Amendment No. 1 and Joinder to Registration
Rights Agreement

(Great Ajax Corp.)

 

    

     

    

 

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

 

	MAGNETAR
    XING HE MASTER FUND LTD	 
	 	 
	By:
    MAGNETAR FINANCIAL LLC, its investment manager	 
	 	 
	 	 
	By:	 /s/ Karl Wachter	 
	Name:	 Karl Wachter	 
	Title: 	General Counsel	 

 

Signature Page to Amendment No. 1 and Joinder to Registration
Rights Agreement

(Great Ajax Corp.)

 

    

     

    

 

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

 

	MAGNETAR
    CONSTELLATION MASTER FUND, LTD	 
	 	 
	By:
    MAGNETAR FINANCIAL LLC, its investment manager	 
	 	 
	 	 
	By:	 /s/ Karl Wachter	 
	Name: 	Karl Wachter	 
	Title: 	General Counsel	 

 

Signature Page to Amendment No. 1 and Joinder to Registration
Rights Agreement

(Great Ajax Corp.)

 

    

     

    

 

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

 

	PURPOSE
    CREDIT ALTERNATIVE FUND – F LLC	 
	 	 
	By:
    MAGNETAR FINANCIAL LLC, its manager	 
	 	 
	 	 
	By: 	/s/ Karl Wachter	 
	Name: 	Karl Wachter	 
	Title: 	General Counsel	 

 

Signature Page to Amendment No. 1 and Joinder to Registration
Rights Agreement

(Great Ajax Corp.)

 

    

     

    

 

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

 

	PURPOSE
    CREDIT ALTERNATIVE FUND – T LLC	 
	 	 
	By:
    MAGNETAR FINANCIAL LLC, its manager	 
	 	 
	 	 
	By: 	/s/ Karl Wachter	 
	Name: 	Karl Wachter	 
	Title: 	General Counsel	 

 

Signature Page to Amendment No. 1 and Joinder to Registration
Rights Agreement

(Great Ajax Corp.)EX-10.1

 Exhibit 10.1 

EXECUTION VERSION 

SECOND AMENDMENT 
 SECOND
AMENDMENT, dated as of June 12, 2020 (this “Second Amendment”), to the Amended and Restated Term Loan Credit Agreement, dated as of February 28, 2018 (as amended by that certain First Amendment, dated as of May 15,
2020, and as further amended, restated, supplemented or otherwise modified from time to time prior to, but not including, the date hereof, the “Existing Credit Agreement”; and the Existing Credit Agreement as amended by this Second
Amendment, the “Credit Agreement”), among GNC CORPORATION, a Delaware corporation (“Parent”), GENERAL NUTRITION CENTERS, INC., a Delaware corporation (the “Borrower”), the other Loan Parties party
hereto, the Lenders party hereto, and JPMORGAN CHASE BANK, N.A., as administrative agent (in such capacity, the “Administrative Agent”). 

W I T N E S S E T H: 

WHEREAS, Parent, the Borrower, the Lenders and the Administrative Agent are parties to the Existing Credit Agreement; and 

WHEREAS, pursuant to Section 9.2(b) of the Existing Credit Agreement, the Borrower and the Lenders party hereto (for the avoidance of
doubt, constituting at least the Required Lenders) hereby agree to amend the Existing Credit Agreement as set forth herein, subject to the terms and conditions set forth herein. 

NOW, THEREFORE, in consideration of the premises and mutual covenants contained herein, the parties hereto agree as follows: 

SECTION 1.    Defined Terms. Unless otherwise defined herein or the context otherwise requires, capitalized terms
which are defined in the Credit Agreement are used herein as therein defined. 
 SECTION 2.    Amendments.
Effective as of the Second Amendment Effective Date (as defined below), the following defined term set forth in Section 1.1 of the Existing Credit Agreement is hereby amended and restated in its entirety as follows: 

“Springing Maturity Date”: August 10, 2020 or, if later, the date that is 91 days prior to the stated maturity date of
any Indebtedness that refinances the Convertible Senior Notes and has a stated maturity date between November 9, 2020 and June 2, 2021; provided that (a) if, at any time on or after June 30, 2020, Liquidity is less than
$100,000,000 or the Borrower has failed to deliver any certificate described in the following proviso and (b) if, either (i) the holders (other than any Defaulting Lender) of more than 25% of the aggregate unpaid principal amount of the
Term Loans then outstanding have elected by written notice to the Borrower and the Administrative Agent to accelerate the Springing Maturity Date to June 30, 2020, or (ii) the “Revolving Springing Maturity Date” (as defined in
the ABL Credit Agreement) has been accelerated to June 30, 2020 pursuant to the ABL Credit Agreement, or (iii) the “FILO Springing Maturity Date” (as defined in the ABL Credit Agreement) has been accelerated to June 30, 2020
pursuant to the ABL Credit Agreement, then the Springing Maturity Date shall be June 30, 2020; provided that a Responsible Officer of the Borrower shall deliver a certificate to the Administrative Agent on June 30, 2020 and on each
Monday thereafter (and on any other day 

 
after June 30, 2020 as the Administrative Agent or any Lender may request such a certificate) certifying that Liquidity is at least $100,000,000 as of such date (and, with respect to any
such certificate delivered after June 30, 2020, that Liquidity has been at least $100,000,000 at all times since June 30, 2020). 

SECTION 3.    Effectiveness. This Second Amendment shall become effective on the date (the “Second
Amendment Effective Date”) on which:  
 (a)    The
Administrative Agent shall have received this Second Amendment executed and delivered by each of (i) the Loan Parties and (ii) the Lenders constituting at least the Required Lenders. 

(b)    The Administrative Agent shall have received a true and complete copy of an amendment to the ABL Credit Agreement
(i) executed and delivered by the Borrower and the lenders thereunder constituting at least the “Required Revolving Lenders” and the “Required FILO Lenders” (in each case as defined in the ABL Credit Agreement) and
(ii) amending the defined terms “Revolving Springing Maturity Date” and “FILO Springing Maturity Date”, in each case appearing in Section 1.1 of the ABL Credit Agreement, in a manner substantially similar to the
amendment to the Springing Maturity Date set forth in Section 2 above. 
 (c)    Holdings shall have paid in full
in cash all accrued and unpaid fees and expenses of professional advisors to the Administrative Agent and to the ad hoc group of holders of Term Loans and FILO Term Loans (as defined in the ABL Credit Agreement) represented by Milbank LLP (the
“Crossover Ad Hoc Group”), in each case, invoiced within one Business Day prior to the Second Amendment Effective Date (it being understood that, notwithstanding anything to the contrary in the Credit Agreement, this clause
(c) shall include the accrued and unpaid fees and expenses of separate legal counsel for each of the Administrative Agent and the Crossover Ad Hoc Group, respectively). 

SECTION 4.    Representations and Warranties. In order to induce the Required Lenders to enter into this Second
Amendment, the Loan Parties hereto represent and warrant as of the date hereof to the Administrative Agent and each Lender party hereto that the following statements are true and correct in all material respects (or in all respects if qualified by
“materiality” or “Material Adverse Effect”): 
 (a)    Each of Parent and the Borrower and its
Restricted Subsidiaries (i) is duly organized, validly existing and in good standing or in full force and effect under the laws of the jurisdiction of its organization (to the extent such concepts exist in such jurisdictions), (ii) has the
organizational power and authority, and the legal right, to own and operate its Property, to lease the Property it operates as lessee and to conduct the business in which it is currently engaged, (iii) is duly qualified as a foreign
organization and in good standing or in full force and effect under the laws of each jurisdiction where its ownership, lease or operation of Property or the conduct of its business requires such qualification and (iv) is in compliance with all
Requirements of Law, except, in the case of the foregoing clauses (i) (solely with respect to Restricted Subsidiaries), (ii), (iii) and (iv), as would not, in the aggregate, reasonably be expected to have a Material Adverse Effect. 

  
 2 

 (b)    Each Loan Party has the corporate or other organizational power
and authority, and the legal right, to make, deliver and perform this Second Amendment and the Credit Agreement as amended hereby. Each Loan Party has taken all necessary corporate or other organizational action to authorize the execution, delivery
and performance of this Second Amendment and the Credit Agreement as amended hereby. No material consent or authorization of, filing with, notice to or other act by or in respect of, any Governmental Authority or any other Person is required in
connection with the execution, delivery, performance, validity or enforceability of this Second Amendment or the Credit Agreement as amended hereby, except (i) consents, authorizations, filings and notices that have been obtained or made and
are in full force and effect, (ii) the consents, authorizations, filings and notices described in Schedule 3.4 to the Credit Agreement, (iii) the filings referred to in Section 3.18 of the Credit Agreement, (iv) filings necessary
to create or perfect Liens on the Collateral granted by the Loan Parties in favor of the Secured Parties and (v) those consents, authorizations, filings and notices the failure of which to obtain or make would not reasonably be expected to
have, individually or in the aggregate, a Material Adverse Effect. This Second Amendment has been duly executed and delivered on behalf of each Loan Party that is a party thereto. This Second Amendment constitutes, and the Credit Agreement as
amended hereby constitutes, a legal, valid and binding obligation of each Loan Party that is a party thereto, enforceable against each such Loan Party in accordance with its terms, except as enforceability may be limited by applicable bankruptcy,
insolvency, reorganization, moratorium or similar laws affecting the enforcement of creditors’ rights generally and by general equitable principles (whether enforcement is sought by proceedings in equity or at law). 

(c)    The execution, delivery and performance by each Loan Party of this Second Amendment and the Credit Agreement as
amended hereby will not violate any Requirement of Law applicable to, or any Contractual Obligation of, Parent, the Borrower or any of its Restricted Subsidiaries, except, in each case, as would not reasonably be expected to have, individually or in
the aggregate, a Material Adverse Effect and will not result in, or require, the creation or imposition of any Lien on any of their respective properties or revenues pursuant to any such Requirement of Law or any such Contractual Obligation (other
than Permitted Liens). 
 SECTION 5.    Reaffirmation. 

(a)    To induce the Required Lenders to enter into this Second Amendment, each of the Loan Parties hereby confirms,
ratifies, acknowledges and reaffirms its obligations under each Loan Document to which it is a party, including, without limitation, any guarantees provided for therein and any grant, pledge or collateral assignment of a lien or security interest,
as applicable, contained therein, in each case as amended, restated, amended and restated, supplemented or otherwise modified prior to or as of the date hereof (including as amended pursuant to this Second Amendment). Each Loan Party acknowledges
and agrees that each of the Loan Documents to which it is a party or otherwise bound shall continue in full force and effect and that all of its obligations thereunder shall not be impaired or limited by the execution or effectiveness of this Second
Amendment. 
 (b)    Each Guarantor acknowledges and agrees that (i) such Guarantor is not required by the terms of
the Credit Agreement or any other Loan Document to consent to this Second Amendment and (ii) nothing in the Credit Agreement, this Second Amendment or any other Loan Document shall be deemed to require the consent of such Guarantor to any
future amendment, consent or waiver of the terms of the Credit Agreement. 

  
 3 

 SECTION 6.    Continuing Effect of the Credit Agreement. This
Second Amendment shall not constitute an amendment or waiver of any provision of the Existing Credit Agreement or the other Loan Documents not expressly referred to herein and shall not be construed as a waiver or consent to any further or future
action on the part of the Borrower or any other Loan Party that would require a waiver or consent of any of the Lenders and/or the Administrative Agent. Except as expressly amended hereby, the provisions of the Existing Credit Agreement and each
other Loan Document are and shall remain in full force and effect. Each of the Lenders party hereto agrees not to take a contrary position to, or to take any action inconsistent with, this Second Amendment. 

SECTION 7.    Loan Document. Each of this Second Amendment and the Credit Agreement as amended hereby is a Loan
Document. 
 SECTION 8.    GOVERNING LAW; WAIVER OF JURY TRIAL; MISCELLANEOUS. 

(a) THIS SECOND AMENDMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES UNDER THIS SECOND AMENDMENT SHALL BE CONSTRUED IN ACCORDANCE WITH
AND GOVERNED BY THE LAW OF THE STATE OF NEW YORK. 
 (b) EACH PARTY HERETO HEREBY AGREES TO THE TERMS SET FORTH IN SECTIONS 9.9 AND
9.10 OF THE CREDIT AGREEMENT AS IF SUCH SECTIONS WERE SET FORTH IN FULL HEREIN MUTATIS MUTANDIS. 

(c)    On and after the Second Amendment Effective Date, each reference in the Credit Agreement to “this
Agreement”, “hereunder”, “hereof”, “herein”, or words of like import referring to the Existing Credit Agreement, and each reference in the other Loan Documents to the “Credit Agreement”,
“thereunder”, “thereof”, or words of like import referring to the Existing Credit Agreement shall mean and be a reference to the Credit Agreement. 

(d)     This Second Amendment may be executed by one or more of the parties to this Second Amendment on any number of
separate counterparts, and all of said counterparts taken together shall be deemed to constitute one and the same instrument. This Second Amendment may be delivered by facsimile or electronic transmission of the relevant signature pages hereof. Any
provision of this Second Amendment may be amended, waived or modified with the consent of the Required Lenders to the extent provided in Section 9.2 of the Credit Agreement, other than any such subsequent amendment, waiver or modification to
the extent it would otherwise require the consent of Lenders holding a higher percentage of any Class or the consent of all affected Lenders, as applicable, pursuant to the Credit Agreement. 

(e)    The words “execution,” “execute”, “signed,” “signature,” and words of like
import in or related to this Second Amendment and any document to be signed in connection with this Second Amendment and the transactions contemplated hereby shall be deemed to include electronic signatures, deliveries and (to the extent approved by
the Administrative Agent) contract formations on electronic platforms, or the keeping of records in electronic form, each of which 

  
 4 

 
shall be of the same legal effect, validity or enforceability as a manually executed signature, physical delivery thereof or the use of a paper-based recordkeeping system, as the case may be, to
the extent and as provided for in any applicable law, including the Federal Electronic Signatures in Global and National Commerce Act, the New York State Electronic Signatures and Records Act, or any other similar state laws based on the Uniform
Electronic Transactions Act, and the parties hereto consent to conduct the transactions contemplated hereunder by electronic means. For the avoidance of doubt, the foregoing also applies to any amendment, extension or renewal of this Second
Amendment. Each of the parties hereto represents and warrants to the other parties that it has the corporate capacity and authority to execute this Second Amendment through electronic means and there are no restrictions for doing so in that
party’s constitutive documents. 
 SECTION 9.    Severability. If any provision of this Second Amendment
shall be determined to be illegal or invalid as to one or more of the parties hereto, then such provision shall remain in effect with respect to all parties, if any, as to whom such provision is neither illegal nor invalid, and in any event all
other provisions hereof shall remain effective and binding on the parties hereto. 
 SECTION 10.    Headings.
Section headings used herein are for convenience of reference only, are not part of this Second Amendment and shall not affect the construction of, or be taken into consideration in interpreting, this Second Amendment. 

SECTION 11.    GENERAL RELEASE. 

(a)    AS PART OF THE CONSIDERATION FOR THE LENDERS’ EXECUTION OF THIS SECOND AMENDMENT, THE BORROWER, EACH GUARANTOR,
EACH ON BEHALF OF ITSELF AND ITS SUCCESSORS, ASSIGNS, EQUITYHOLDERS, SUBSIDIARIES, AFFILIATES, OFFICERS, PARTNERS, DIRECTORS, EMPLOYEES, AGENTS AND ATTORNEYS (COLLECTIVELY, THE “RELEASING PARTIES”) HEREBY FOREVER, FULLY,
UNCONDITIONALLY, AND IRREVOCABLY RELEASES, WAIVES, AND FOREVER DISCHARGES THE AGENTS, THE LENDERS AND EACH OF THEIR SUCCESSORS, ASSIGNS, EQUITYHOLDERS, SUBSIDIARIES, AFFILIATES, OFFICERS, DIRECTORS, EMPLOYEES, AGENTS, AND ATTORNEYS AND OTHER
PROFESSIONALS (COLLECTIVELY, THE “RELEASEES”) FROM ANY AND ALL CLAIMS, LIABILITIES, OBLIGATIONS, DEBTS, DEMANDS, CAUSES OF ACTION (WHETHER AT LAW OR IN EQUITY OR OTHERWISE), DAMAGES, COSTS, ATTORNEYS’ FEES, SUITS,
CONTROVERSIES, ACTS AND OMISSIONS, DEFENSES, COUNTERCLAIMS, SETOFFS, AND OTHER CLAIMS OF EVERY KIND OR NATURE WHATSOEVER, WHETHER KNOWN OR UNKNOWN, WHETHER LIQUIDATED OR UNLIQUIDATED, MATURED OR UNMATURED, FIXED OR CONTINGENT, DIRECTLY OR INDIRECTLY
ARISING OUT OF, CONNECTED WITH, RESULTING FROM OR RELATED TO ANY ACT OR OMISSION UNDER ANY LOAN DOCUMENT BY ANY AGENT, ANY LENDER OR ANY OTHER RELEASEE PRIOR TO THE DATE HEREOF (COLLECTIVELY, THE “CLAIMS”); PROVIDED THAT THE
FOREGOING SHALL NOT RELEASE CLAIMS RESULTING FROM THE GROSS NEGLIGENCE OR WILLFUL MISCONDUCT OF ANY RELEASEE AS DETERMINED BY A FINAL NON-APPEALABLE JUDGMENT OF A COURT OF COMPETENT JURISDICTION. THE BORROWER
AND EACH GUARANTOR FURTHER AGREES THAT IT SHALL NOT COMMENCE, INSTITUTE, OR PROSECUTE ANY 

  
 5 

 
LAWSUIT, ACTION OR OTHER PROCEEDING, WHETHER JUDICIAL, ADMINISTRATIVE OR OTHERWISE, TO COLLECT OR ENFORCE ANY CLAIM EXCEPT THAT THE BORROWER AND EACH GUARANTOR SHALL HAVE NO OBLIGATION HEREUNDER
WITH RESPECT TO ANY CLAIM RESULTING FROM THE GROSS NEGLIGENCE OR WILLFUL MISCONDUCT OF ANY RELEASEE AS DETERMINED BY A FINAL NON-APPEALABLE JUDGMENT OF A COURT OF COMPETENT JURISDICTION. FURTHERMORE, EACH OF
THE RELEASING PARTIES HEREBY ABSOLUTELY, UNCONDITIONALLY AND IRREVOCABLY COVENANTS AND AGREES WITH AND IN FAVOR OF EACH RELEASEE THAT IT WILL NOT SUE (AT LAW, IN EQUITY, IN ANY REGULATORY PROCEEDING OR OTHERWISE) ANY RELEASEE ON THE BASIS OF ANY
CLAIM RELEASED AND/OR DISCHARGED BY THE RELEASING PARTIES PURSUANT TO THIS SECTION 11. IN ENTERING INTO THIS SECOND AMENDMENT, EACH OF THE RELEASING PARTIES HAS CONSULTED WITH, AND HAS BEEN REPRESENTED BY, LEGAL COUNSEL AND EXPRESSLY DISCLAIMS ANY
RELIANCE ON ANY REPRESENTATIONS, ACTS OR OMISSIONS BY ANY OF THE RELEASEES AND HEREBY AGREES AND ACKNOWLEDGES THAT THE VALIDITY AND EFFECTIVENESS OF THE RELEASES SET FORTH ABOVE DO NOT DEPEND IN ANY WAY ON ANY SUCH REPRESENTATIONS, ACTS AND/OR
OMISSIONS OR THE ACCURACY, COMPLETENESS OR VALIDITY THEREOF. 
 (b)    THE PROVISIONS OF THIS SECTION 11 SHALL SURVIVE
AND REMAIN IN FULL FORCE AND EFFECT REGARDLESS OF THE CONSUMMATION OF THE TRANSACTIONS CONTEMPLATED HEREBY, OR THE TERMINATION OF THIS SECOND AMENDMENT, ANY OTHER LOAN DOCUMENT OR ANY PROVISION HEREOF OR THEREOF. 

(c)    EACH RELEASING PARTY ACKNOWLEDGES THAT IT MAY HEREAFTER DISCOVER FACTS DIFFERENT FROM OR IN ADDITION TO THOSE NOW
KNOWN OR BELIEVED TO BE TRUE WITH RESPECT TO SUCH CLAIMS AND AGREES THAT THIS INSTRUMENT SHALL BE AND REMAIN EFFECTIVE IN ALL RESPECTS NOTWITHSTANDING ANY SUCH DIFFERENCES OR ADDITIONAL FACTS. THIS RELEASE SHALL BE AND REMAIN IN FULL FORCE AND
EFFECT NOTWITHSTANDING THE DISCOVERY BY ANY RELEASING PARTY AFTER THE DATE HEREOF (I) OF ANY NEW OR ADDITIONAL CLAIM AGAINST ANY RELEASEE, (II) OF ANY NEW OR ADDITIONAL FACTS IN ANY WAY RELATING TO THIS RELEASE, (III) THAT ANY FACT
RELIED UPON BY IT WAS INCORRECT, OR (IV) THAT ANY REPRESENTATION OR WARRANTY MADE BY ANY RELEASEE WAS UNTRUE OR THAT ANY RELEASEE CONCEALED ANY FACT, CIRCUMSTANCE OR CLAIM RELEVANT TO A RELEASING PARTY’S EXECUTION OF THIS RELEASE. EACH
RELEASING PARTY UNDERSTANDS, ACKNOWLEDGES AND AGREES THAT THE RELEASE SET FORTH ABOVE MAY BE PLEADED AS A FULL AND COMPLETE DEFENSE AND MAY BE USED AS A BASIS FOR AN INJUNCTION AGAINST ANY ACTION, SUIT OR OTHER PROCEEDING WHICH MAY BE INSTITUTED,
PROSECUTED OR ATTEMPTED IN BREACH OF THE PROVISIONS OF SUCH RELEASE. 
 [Signature Pages Follow] 

  
 6 

 IN WITNESS WHEREOF, the parties hereto have caused this Second Amendment to be duly executed
and delivered by their respective proper and duly authorized officers as of the day and year first above written. 
  

			
	GENERAL NUTRITION CENTERS, INC., as the Borrower

 
			
		
	By:	 	  

	Name:	 	
	Title:	 	

 
			
	
	GNC CORPORATION, as the Parent

 
			
		
	By:	 	  

	Name:	 	
	Title:	 	
	
	[●], as a Guarantor

 
			
		
	By:	 	  

	Name:	 	
	Title:	 	

  
 [Signature Page to
Second Amendment to GNC Amended and Restated Term Loan Credit Agreement] 

 
			
	[Lender Signature Block], as a Lender

 
			
		
	By:	 	  

	Name:	 	
	Title:	 	

  
 [Signature Page to
Second Amendment to GNC Amended and Restated Term Loan Credit Agreement] 

 
			
	Acknowledged and Agreed:
	
	JPMORGAN CHASE BANK, N.A., as the Administrative Agent

 
			
		
	By:	 	  

	Name:	 	
	Title:	 	

  
 [Signature Page to
Second Amendment to GNC Amended and Restated Term Loan Credit Agreement]

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00310-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00310-of-00352.parquet"}]]