Document:

Exhibit 10.2

FIRST AMENDMENT TO INVESTMENT AGREEMENT
This FIRST AMENDMENT TO INVESTMENT AGREEMENT (this “Amendment”), dated as of May 31, 2022, is by and among OEG Attractions Holdings, LLC (f/k/a RHP Operations and Attractions Holdings, LLC), a Delaware limited liability company (the “Company”), RHP Hotels, LLC, a Delaware limited liability company (the “RHP Member”), RHP Hotel Properties, LP, a Delaware limited partnership (the “RHP Operating Partnership” and together with the Company and the RHP Member, the “RHP Parties”), A-OEG Holdings, LLC, a Delaware limited liability company (“Purchaser”), and Atairos Group, Inc., a Cayman Islands exempted company (“Purchaser Guarantor”), and solely for the limited purpose of Section 5.10, Section 5.12, Section 5.14, Section 8.2(c) and Section 10.12(b) and for no other purpose, Ryman Hospitality Properties, Inc., a Delaware corporation and ultimate parent of the Company, the RHP Member and the RHP Operating Partnership (“Ultimate Parent”). 
RECITALS
A.The parties desire to amend that certain Investment Agreement, dated as of April 4, 2022, between and among the RHP Parties, Purchaser, Purchaser Guarantor (for certain limited purposes) and Ultimate Parent (for certain limited purposes) (the “Agreement”) on the terms set forth below,
AGREEMENT
NOW, THEREFORE, in consideration of the foregoing and the mutual covenants and agreements hereinafter set forth, the parties, intended to be legally bound, hereby agree as follows:
Section 1.Amendments to LLC Agreement. The LLC Agreement attached as Exhibit C to the Agreement shall be amended and modified as follows:
		(i)	Schedule C. Item (3).  The Major Decision listed in Item (3) shall be amended and restated as follows:

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“Creating, obtaining, incurring, assuming, extending, refinancing or guarantying any indebtedness, including any refinancing of or amendment to the Company Credit Facility (as defined in Schedule D), other than any indebtedness that is in conformity with the Permitted Refinancing Terms (it being understood that Debt-Like Preferred Equity of the Company or any of its subsidiaries shall constitute indebtedness for these purposes). Notwithstanding the foregoing, for so long as the Block 21 Loan (as defined in Schedule D) remains outstanding, Investor Member approval under this Item (3) or any other provision of this Agreement will not be required for the refinancing the Block 21 Loan (but upon the completion of such  

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refinancing, in whatever form, the Block 21 Loan will no longer be deemed to outstanding for any purpose of this Schedule C).”
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		(ii)	Schedule C. Item (4).  Clause (iii) of the Major Decision listed in Item (4) shall be amended and restated as follows:

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“(iii) effect any sale or other disposition transaction involving the Company and/or its Subsidiaries and/or any of their respective businesses or assets having a value greater than $150,000,000 per transaction or series of transactions (provided that, for so long as the Block 21 Loan remains outstanding, Investor Member approval under this Item (4) or any other provision of this Agreement will not be required for Company’s decision to sell Block 21 (as defined herein)).
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		(iii)	Schedule C. Item (14).  The Major Decision listed in Item (14) shall be amended by adding the following proviso at the end of Item (14):

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“provided, however, that for so long as the Block 21 Loan remains outstanding, Investor Member approval rights under this Item (14) or any other provision of this Agreement will not be required for Company’s decision to effect the bankruptcy or liquidation of RHP Block 21, LLC (or any affiliate of Company that is a successor borrower under the Block 21 Loan).”
Section 2.Miscellaneous. This Amendment may be signed in counterparts, including with electronic signatures.
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[SIGNATURE PAGES FOLLOW]
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IN WITNESS WHEREOF, the parties have executed and delivered this Agreement as of the date first written above.
COMPANY:
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OEG Attractions Holdings, LLC 
(f/k/a RHP Operations and Attractions Holdings, LLC)
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By:/s/ Scott J. Lynn
Name:Scott J. Lynn
Title:Secretary
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RHP MEMBER:
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RHP HOTELS, LLC
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By:/s/ Scott J. Lynn
Name:Scott J. Lynn
Title:Vice-President
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OPERATING PARTNERSHIP:
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RHP HOTEL PROPERTIES, LP
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By: RHP PARTNER, LLC 
Its: General Partner
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By:/s/ Scott J. Lynn
Name:Scott J. Lynn
Title:Vice-President
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ULTIMATE PARENT:
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RYMAN HOSPITALITY PROPERTIES, INC., solely for the purpose of Section 5.10, Section 5.12, Section 5.14, Section 8.2(c) and Section 10.12(b) and for no other purpose
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By:/s/ Scott J. Lynn
Name:Scott J. Lynn
Title:EVP & General Counsel

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IN WITNESS WHEREOF, the parties have executed and delivered this Agreement as of the date first written above.
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PURCHASER:
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A-OEG Holdings, LLC
By:  Atairos Group, Inc., its sole member
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By:/s/ Alexander D. Evans
Name:Alexander D. Evans
Title:Authorized Signatory
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PURCHASER GUARANTOR:
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Atairos Group, Inc.
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By:/s/ Alexander D. Evans
Name:Alexander D. Evans
Title:Authorized Signatory

​Exhibit 10.3

SECOND AMENDMENT TO INVESTMENT AGREEMENT
This SECOND AMENDMENT TO INVESTMENT AGREEMENT (this “Amendment”), dated as of June 14, 2022, is by and among OEG Attractions Holdings, LLC (f/k/a RHP Operations and Attractions Holdings, LLC), a Delaware limited liability company (the “Company”), RHP Hotels, LLC, a Delaware limited liability company (the “RHP Member”), RHP Hotel Properties, LP, a Delaware limited partnership (the “RHP Operating Partnership” and together with the Company and the RHP Member, the “RHP Parties”), A-OEG Holdings, LLC, a Delaware limited liability company (“Purchaser”), and Atairos Group, Inc., a Cayman Islands exempted company (“Purchaser Guarantor”), and solely for the limited purpose of Section 5.10, Section 5.12, Section 5.14, Section 8.2(c) and Section 10.12(b) and for no other purpose, Ryman Hospitality Properties, Inc., a Delaware corporation and ultimate parent of the Company, the RHP Member and the RHP Operating Partnership (“Ultimate Parent”). 
RECITALS
A.The parties desire to amend that certain Investment Agreement, dated as of April 4, 2022 (as amended by that certain First Amendment to Investment Agreement, dated as of May 6, 2022), between and among the RHP Parties, Purchaser, Purchaser Guarantor (for certain limited purposes) and Ultimate Parent (for certain limited purposes) (the “Agreement”) on the terms set forth below,
AGREEMENT
NOW, THEREFORE, in consideration of the foregoing and the mutual covenants and agreements hereinafter set forth, the parties, intended to be legally bound, hereby agree as follows:
Section 1.Amendment to Investment Agreement. The definition of Balance Sheet Cash Amount in the Agreement shall be amended and restated as follows: 
““Balance Sheet Cash Amount” means an amount equal to the Estimated Closing Cash; provided, however, that such amount shall be at least $10,000,000.”
Section 2.Miscellaneous. Except as expressly modified by this Agreement, all of the terms and conditions of the Agreement shall remain in full force and effect. In the event of any conflict or inconsistency between the terms and conditions of the Agreement and this Amendment, the terms and conditions of this Amendment shall control and govern. This Amendment may be executed in multiple counterparts which, when taken together, shall constitute one and the same document. This Amendment may be executed in any number of counterparts, including by facsimile or by email with .pdf attachments, each of which shall be deemed to be an original but all of which shall constitute one and the same instrument. This Amendment shall become effective when each party has received counterparts thereof signed and delivered (by electronic communication, facsimile or otherwise) by all of the other parties.
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[Signature Page Follows]

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IN WITNESS WHEREOF, the parties have executed and delivered this Agreement as of the date first written above.
COMPANY:
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OEG Attractions Holdings, LLC 
(f/k/a RHP Operations and Attractions Holdings, LLC)
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By:/s/ Scott J. Lynn
Name:Scott J. Lynn
Title:Secretary
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RHP MEMBER:
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RHP HOTELS, LLC
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By:/s/ Scott J. Lynn
Name:Scott J. Lynn
Title:Vice-President
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OPERATING PARTNERSHIP:
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RHP HOTEL PROPERTIES, LP
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By: RHP PARTNER, LLC 
Its: General Partner
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By:/s/ Scott J. Lynn
Name:Scott J. Lynn
Title:Vice-President
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ULTIMATE PARENT:
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RYMAN HOSPITALITY PROPERTIES, INC., solely for the purpose of Section 5.10, Section 5.12, Section 5.14, Section 8.2(c) and Section 10.12(b) and for no other purpose
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By:/s/ Scott J. Lynn
Name:Scott J. Lynn
Title:EVP & General Counsel

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IN WITNESS WHEREOF, the parties have executed and delivered this Agreement as of the date first written above.
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PURCHASER:
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A-OEG Holdings, LLC
By:  Atairos Group, Inc., its sole member
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By:/s/ Alexander D. Evans
Name:Alexander D. Evans
Title:Authorized Signatory
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PURCHASER GUARANTOR:
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Atairos Group, Inc.
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By:/s/ Alexander D. Evans
Name:Alexander D. Evans
Title:Authorized Signatory

​Document

Exhibit 10.1

						
	   
	

Piper Sandler Companies
800 Nicollet Mall, Suite 900, Minneapolis, MN  55402-7020
612 303-6000  |  800 333-6000  |  Fax: 612 303-1772

April 18, 2022 

Brian R. Sterling 

Dear Brian, 

Reference is made to the Transition Services Agreement, dated December 31, 2020, as amended on January 10, 2022 (the "Transition Services Agreement"), pursuant to which you have been acting in an advisory capacity to transition client engagements following your employment with Piper Sandler & Co. (the "Company"). Capitalized terms used herein but not otherwise defined shall have the meaning ascribed thereto in the Offer Letter. 

In recognition that the final Covered Transaction has closed, the Company and you hereby agree to terminate the Transition Services Agreement effective April 29, 2022, upon which date your services under the Termination Services Agreement shall cease. 

In addition, in accordance with Section 2 of the Transition Services Agreement, the Company and you hereby mutually agree upon a payment to you for your services under the Transition Services Agreement of $2,000,000, which has been determined based upon the fees received by the Company with respect to the Covered Transaction. This fee will be paid to you within five business days of the date hereof. 

Please confirm that the foregoing correctly sets forth our agreement by signing and returning this letter to Piper Sandler. 

Very truly yours, 

PIPER SANDLER & CO. 
By: /s/ Chad R. Abraham
Name: Chad R. Abraham 
Title: Chairman and CEO

Accepted and agreed:
By: /s/ Brian R. Sterling
Name: Brian R. Sterling
Date: April 18, 2022

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