Document:

ex10_1.htm

    
      
         

        Exhibit
          10.1

         

         

        GREENTREE
          FINANCIAL GROUP, INC.

         

      

    

    September
      17, 2007

    

    PERSONAL
      AND CONFIDENTIAL

     

    ENVIROSAFE
      CORPORATION

    16
      Naner
      Street, Wanshou Road, Suite 602

    Haizhu
      District, Guangzhou, P. R. China

    Attn:
      Guoqiang Zhan, President

    

    Dear
      Mr.
      Zhan:

    

    This
      service agreement ("Agreement") confirms the terms and conditions of the
      exclusive engagement of Greentree Financial Group, Inc. ("Greentree") by
      Envirosafe Corporation (the "Company") to render certain professional
      services to the Company in connection with the compliance with United States
      GAAP (Generally Accepted Accounting Principles), and related upgrades and
      modifications to management training and business plan development that will
      more readily integrate with United States GAAP.

    

    1.           Services.  Greentree
      agrees to perform the following services:

    

    
      	
              (a)  

            	
              Advise
                and assist the Company in the conversion of its financial reporting
                systems, including its projected financial statements, to a format
                that is
                consistent with United States GAAP (Generally Accepted Accounting
                Principles);

            

    

    

    
      	
              (b)  

            	
              Review
                and advise the Company on all documents and accounting systems relating
                to
                its finances and transactions, with the purpose of bringing such
                documents
                and systems into compliance with United States
                GAAP;

            

    

    

    
      	
              (c)  

            	
              Provide
                necessary consulting services and support as an international liaison
                for
                Company to third-party service providers, including coordination
                amongst
                the Company and their related attorneys and
                CPAs;

            

    

    

    
      	
              (d)  

            	
              Assist
                the company with compliance filings with the United States Securities
                and
                Exchange Commission, including Forms 10-QSB, 10-KSB, and 8-K and
                EDGAR
                filing of the same;

            

    

     

    
      
         

      

      
        1

        
          

        

      

      
         

      

    

     

    2.           Fees.  The
      Company agrees to pay Greentree for its services a consulting service fee of
      $50,000 ("Service Fee") in cash or in 500,000 common shares at the price of
      $.10
      per share no later than 11/5/2007. (Note: Auditing and quarterly auditor review
      fees are not included in this agreement and should be paid directly by the
      Company to their independent auditors.)

    

    In
      addition to the Service Fee confirmed in this Agreement, the Company agrees
      to
      reimburse Greentree for all of its reasonable out-of-pocket fees, expenses
      and
      costs (including, but not limited to, legal, accounting, travel, accommodations,
      telephone, translation, computer, courier and supplies) in connection with
      the
      performance of its services under this Agreement, upon prior written
      approval.  All such fees, expenses and costs will be billed at any
      time by Greentree and are payable by the Company when invoiced. Upon expiration
      of the Agreement any unreimbursed fees and expenses will be immediately due
      and
      payable.

    

    3.           Term.  The
      term of this Agreement shall commence on July 1, 2007, and end on the
      completion of the preparation of the annual report on Form 10KSB ended December
      31, 2007 (the "Term").  This Agreement may be renewed upon mutual
      written agreement of the parties hereto.  The Company may terminate
      this agreement with 45 days prior written notice to
      Greentree.  However, any obligation pursuant to this Paragraph 3, and
      pursuant to Paragraphs 2 (payment of fees), 4 (indemnification), 5 (matters
      relating to engagement), 6 (governing law and consent to jurisdiction), and
      9
      (miscellaneous) hereof, shall survive the termination or expiration of this
      Agreement. As stated in the foregoing sentence, the parties specifically agree
      that in the event the Company terminates this Agreement, the full Service Fee
      of
      $50,000 shall become immediately due and payable.

    

    4.           Indemnification.  In
      addition to the payment of fees and reimbursement of fees and expenses provided
      for above, the Company agrees to indemnify Greentree and its affiliates with
      regard to the matters contemplated herein, as set forth in Exhibit A, attached
      hereto, which is incorporated by reference as if fully set forth
      herein. After the Agreement is signed by both parties,
      unless the Company violates a mandatory provision of a law or regulation,
      Greentree shall not terminate the Agreement without cause; otherwise, Greentree
      shall return all the fees that have been paid by the Company, including the
      Service Fee provided in Item 2.

    

    5.           Matters
      Relating to Engagement.   The Company acknowledges that
      Greentree has been retained solely to provide the services set forth in this
      Agreement.  In rendering such services, Greentree shall act as an
      independent contractor, and any duties of Greentree arising out of its
      engagement hereunder shall be owed solely to the Company.  The Company
      further acknowledges that Greentree may perform certain of the services
      described herein through one or more of its affiliates.

    

    The
      Company acknowledges that Greentree is a consulting firm that is engaged in
      providing consulting services. The Company acknowledges and agrees that in
      connection with the performance of Greentree's services hereunder (or any other
      services) that neither Greentree nor any of its employees will be providing
      the
      Company with legal, tax or accounting advice or guidance (and no advice or
      guidance provided by Greentree or its employees to the Company should be
      construed as such) and that neither Greentree nor its employees hold itself
      or
      themselves out to be advisors as to legal, tax, accounting or regulatory matters
      in any jurisdiction. Greentree may retain attorneys and accountants that are
      for
      Greentree’s benefit, and Greentree may recommend a particular law firm or
      accounting firm to be engaged by the Company and may pay the legal expenses
      or
      accounting expenses associated with that referral on behalf of the Company,
      after full disclosure to the Company and the Company’s consent that Greentree
      make such payment on its behalf. However, Greentree makes no recommendation
      as
      to the outcome of such referrals. The Company shall consult with its own legal,
      tax, accounting and other advisors concerning all matters and advice rendered
      by
      Greentree to the Company, and the Company shall be responsible for making its
      own independent investigation and appraisal of the risks, benefits and
      suitability of the advice and guidance given by Greentree to the
      Company.  Neither Greentree nor its employees shall have any
      responsibility or liability whatsoever to the Company or its affiliates with
      respect thereto.

     

    
      
         

      

      
        2

        
          

        

      

      
         

      

    

    

    The
      Company recognizes and confirms that in performing its duties pursuant to this
      Agreement, Greentree will be using and relying on data, material, and other
      information furnished by the Company, a third party provider, or their
      respective employees and representatives (“the Information”).  The
      Company will cooperate with Greentree and will furnish Greentree with all
      Information concerning the Company and any financial information or
      organizational or transactional information which Greentree deems appropriate,
      and Company will provide Greentree with access to the Company's officers,
      directors, employees, independent accountants and legal counsel for the purpose
      of performing Greentree's obligations pursuant to this
      Agreement.   The Company hereby agrees and represents that all
      Information furnished to Greentree pursuant to this Agreement shall be accurate
      and complete in all material respects at the time provided, and that, if the
      Information becomes materially inaccurate, incomplete or misleading during
      the
      term of Greentree's engagement hereunder, the Company shall promptly advise
      Greentree in writing.  Accordingly, Greentree assumes no
      responsibility for the accuracy and completeness of the Information. In
      rendering its services, Greentree will be using and relying upon the Information
      without independent verification evaluation thereof.

     

    6.           Governing
      Law and Consent to Jurisdiction.  This Agreement shall be governed
      by and construed in accordance with the laws of the State of Florida, without
      regard to conflict of laws provisions. All disputes arising out of or in
      connection with this agreement, or in respect of any legal relationship
      associated with or derived from this agreement, shall only be heard in any
      competent court residing in Broward County Florida.  Company agrees
      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 manner
      provided by law. The Company further waives any objection to venue in any such
      action or proceeding on the basis of inconvenient forum. The Company agrees
      that
      any action on or proceeding brought against the Greentree shall only be brought
      in such courts.

     

    7.           No
      Brokers.  The Company represents and warrants to Greentree that
      there are no brokers, representatives or other persons which have an interest
      in
      compensation due to Greentree from any services contemplated
      herein.

    

    8.         
      Authorization.  The Company and Greentree represent and warrant
      that each has all requisite power and authority, and all necessary
      authorizations, to enter into and carry out the terms and provisions of this
      Agreement and the execution, delivery and performance of this Agreement does
      not
      breach or conflict with any agreement, document or instrument (including
      contracts, wills, agreements, records and wire receipts, etc.) to which it
      is a
      party or bound.

    

    9.           Miscellaneous.  This
      Agreement constitutes the entire understanding and agreement between the Company
      and Greentree with respect to the subject matter hereof and supersedes all
      prior
      understanding or agreements between the parties with respect thereto, whether
      oral or written, express or implied.  Any amendments or modifications
      must be executed in writing by both parties.  This Agreement and all
      rights, liabilities and obligations hereunder shall be binding upon and insure
      to the benefit of each party’s successors but may not be assigned without the
      prior written approval of the other party.  If any provision of this
      Agreement shall be held or made invalid by a statute, rule, regulation, decision
      of a tribunal or otherwise, the remainder of this Agreement shall not be
      affected thereby and, to this extent, the provisions of this Agreement shall
      be
      deemed to be severable.  This Agreement may be executed in any number
      of counterparts, each of which, shall be deemed to be an original, but such
      counterparts shall, together, constitute only one instrument.  The
      descriptive headings of the Paragraphs of this Agreement are inserted for
      convenience only, do not constitute a part of this Agreement and shall not
      affect in anyway the meaning or interpretation of this Agreement.

    

    
      
         

      

      
        3

        
          

        

      

      
         

      

    

     

        Please
      confirm that the foregoing correctly sets forth our agreement by signing below
      in the space provided and returning this Agreement to Greentree for execution,
      which shall constitute a binding agreement as of the date first above
      written.

     

        Thank
      you.  We look forward to a mutually rewarding
      relationship.

    

    GREENTREE
      FINANCIAL GROUP, INC.

    

     

    
      By:
        /s/ R. Chris Cottone

    

    Name:
      R.
      Chris Cottone

    Title:
      Vice-President

    

    

    AGREED
      TO
      AND ACCEPTED

    AS
      OF
      September 17, 2007:

    

    

    ENVIROSAFE
      CORPORATION

    

    By:
      /s/ Guoqiang Zhan

    Name:
      Guoqiang Zhan

    Title:
      President

     

    
      
         

      

      
        4

        
          

        

      

      
         

      

    

     

    EXHIBIT
      A: INDEMNIFICATION

    

    The
      Company agrees to indemnify Greentree, its employees, directors, officers,
      agents, affiliates, and each person, if any, who controls it within the meaning
      of either Section 20 of the Securities Exchange Act of 1934 or Section 15 of
      the
      Securities Act of 1933 (each such person, including Greentree is referred to
      as
      "Indemnified Party") from and against any losses, claims, damages and
      liabilities, joint or several (including all legal or other expenses reasonably
      incurred by an Indemnified Party in connection with the preparation for or
      defense of any threatened or pending claim, action or proceeding, whether or
      not
      resulting in any liability) ("Damages"), to which such Indemnified Party, in
      connection with providing its services or arising out of its engagement
      hereunder, may become subject under any applicable Federal or state law or
      otherwise, including but not limited to liability or loss (i) caused by or
      arising out of an untrue statement or an alleged untrue statement of a material
      fact or omission or alleged omission to state a material fact necessary in
      order
      to make a statement not misleading in light of the circumstances under which
      it
      was made, (ii) caused by or arising out of any act or failure to act, or (iii)
      arising out of Greentree's engagement or the rendering by any Indemnified Party
      of its services under this Agreement; provided, however, that the Company will
      not be liable to the Indemnified Party hereunder to the extent that any Damages
      are found in a final non-appealable judgment by a court of competent
      jurisdiction to have resulted from the gross negligence or willful misconduct
      of
      the Indemnified Party seeking indemnification hereunder.

    

    These
      indemnification provisions shall be in addition to any liability which the
      Company may otherwise have to any Indemnified Party.

    

    If
      for
      any reason, other than a final non-appealable judgment finding an Indemnified
      Party liable for Damages for its gross negligence or willful misconduct the
      foregoing indemnity is unavailable to an Indemnified Party or insufficient
      to
      hold an Indemnified Party harmless, then the Company shall contribute to the
      amount paid or payable by an Indemnified Party as a result of such Damages
      in
      such proportion as is appropriate to reflect not only the relative benefits
      received by the Company and its shareholders on the one hand and the Indemnified
      Party on the other, but also the relative fault of the Company and the
      Indemnified Party as well as any relevant equitable considerations.

    

    Promptly
      after receipt by the Indemnified Party of notice of any claim or of the
      commencement of any action in respect of which indemnity may be sought, the
      Indemnified Party will notify the Company in writing of the receipt or
      commencement thereof and the Company shall have the right to assume the defense
      of such claim or action (including the employment of counsel reasonably
      satisfactory to the Indemnified Party and the payment of fees and expenses
      of
      such counsel), provided that the Indemnified Party shall have the right to
      control its defense if, in the opinion of its counsel, the Indemnified Party's
      defense is unique or separate to it as the case may be, as opposed to a defense
      pertaining to the Company.  In any event, the Indemnified Party shall
      have the right to retain counsel reasonably satisfactory to the Company, at
      the
      Company's sole expense, to represent it in any claim or action in respect of
      which indemnity may be sought and agrees to cooperate with the Company and
      the
      Company's counsel in the defense of such claim or action.  In the
      event that the Company does not promptly assume the defense of a claim or
      action, the Indemnified Party shall have the right to employ counsel to defend
      such claim or action. Any obligation pursuant to this Annex shall survive the
      termination or expiration of the Agreement.

     

    
      
         

      

      
        5EX-10.1

Amendment No. 12

To

Fifth Amended And Restated Revolving Loan And Letter Of Credit Agreement

This Amendment No. 12 (this “Amendment”) is entered into as of November 1, 2007, among: the
two entities included among the Borrower as listed on Exhibit A attached hereto
(individually, and collectively, jointly and severally, the “Borrower”); the several entities
included among the Guarantors as listed on Exhibit A attached hereto (each, individually, a
“Guarantor,” and collectively, jointly and severally, the “Guarantors”); the several entities
constituting the Majority Banks included among the Banks as listed on Exhibit A attached
hereto (each, individually, a “Bank” and collectively, but not jointly, the “Banks”); and Bank of
America, N.A. (“Bank of America”), as agent for the Banks (in such capacity, the “Agent”).

RECITALS

Reference is made to the following facts that constitute the background of this Amendment:

	 	A.	 	The parties hereto have entered into that certain Fifth Amended and Restated
Revolving Loan and Letter of Credit Agreement dated as of November 4, 2005 (as amended
and/or restated from time to time, the “Loan Agreement”). Capitalized terms used
herein and not otherwise defined herein shall have the same meanings herein as ascribed
to them in the Loan Agreement.

	 	B.	 	The Banks have agreed, pursuant to the terms of Amendment No. 10 to the Loan
Agreement, to permit (i) the delivery of restated, audited financial statements for
MuniMae for the fiscal years ending December 31, 2004, December 31, 2005 and December
31, 2006 (the “MuniMae Year-End Financial Statements”), on or before November 30, 2007
(the “MuniMae Year-End Deadline”), (ii) the delivery of copies of the Form 10-Qs filed
by MuniMae with the United States Securities and Exchange Commission for the fiscal
quarters ending March 31, 2007, June 30, 2007 and September 30, 2007 (the “Form
10-Qs”), on or before January 31, 2008 (the “Form 10-Q Deadline”), and (iii) the
delivery of audited financial statements for MFH, MEC and TC Corp. (collectively, the
“Tier 2 Subsidiaries”) for the fiscal year ending December 31, 2006 (the “Tier 2 2006
Financial Statements”, and together with the MuniMae Year-End Financial Statements, the
“Financial Statements”), on or before December 31, 2007 (the “Tier 2 Deadline”).

	 	C.	 	The Borrower and the Guarantors have advised the Agent and the Banks that as a
result of their continuing efforts to restate certain of their historical GAAP
financial statements, the Borrower and the Guarantors will be unable to deliver the
MuniMae Year-End Financial Statements, the Form 10-Qs (to the extent required), and the
Tier 2 2006 Financial Statements on or before the MuniMae Year-End Deadline, the Form
10-Q Deadline and the Tier 2 Deadline, respectively.

	 	D.	 	In light of the foregoing, the Borrower and the Guarantors have requested a
waiver and consent with respect to the Financial Statements, and the Banks and the
Agent are willing to grant such request solely upon the terms and conditions set forth
in this Amendment, including, without limitation, the issuance of the Collateral Letter
of Credit (as defined below).

NOW, THEREFORE, in consideration of the foregoing recitals and of the representations,
warranties, covenants and conditions set forth herein and in the Loan Agreement, and for other
valuable consideration the receipt and adequacy of which is hereby acknowledged, the parties agree
as follows:

Section 1. Consent. Notwithstanding anything in the Credit Documents to the
contrary, the Borrower and the Guarantors shall deliver:

(a) audited MuniMae Year-End Financial Statements, the related covenant compliance
certificates and other information required pursuant Section 5.2 of Schedule 1 to the MuniMae
Guaranty, and a copy of the accompanying Form 10-K for the fiscal year ending December 31, 2006
filed by MuniMae with the United States Securities and Exchange Commission (the “Form 10-K”), on or
before February 15, 2008;

(b) promptly upon filing, copies of the Form 10-Qs filed with the United States Securities and
Exchange Commission; and

(c) audited Tier 2 2006 Financial Statements and the related covenant compliance certificate
and other information required pursuant to Section 5.6.2 of the Loan Agreement, on or before March
31, 2008.

Section 2. Waiver. In accordance with the terms of Section 8.1 of the Loan
Agreement, solely with respect to the Financial Statements, the Agent and the Banks hereby waive
(a) compliance with Section 5.6.1(b) of the Loan Agreement and Section 5.1(b) of Schedule 1 to the
MuniMae Guaranty, and (b) any Default or Event of Default under any Credit Document which may have
resulted or may result solely from the failure to timely deliver the Financial Statements, but only
to the extent that the same are delivered in accordance with Section 1 hereof. Failure to deliver
the Financial Statements, the Form 10-K and, to the extent required, the Form 10-Qs as so provided,
or failure to deliver or to file the same with the United States Securities and Exchange
Commission, shall constitute an Event of Default under the Loan Agreement.

Section 3. Collateral Letter of Credit.

(a) As additional security for the Obligations, MuniMae shall cause an irrevocable standby
letter of credit to be issued by the Police and Fire Retirement System of the City of Detroit to
the Agent, for the ratable benefit of the Banks, for the account of MuniMae in an amount of
$14,000,000.00 (“Collateral Letter of Credit”).

(b) The Collateral Letter of Credit shall be in form and substance reasonably satisfactory to
the Agent and, in any event, shall have a stated expiration date at least thirty (30) days after
the Maturity Date. The Agent, for and on behalf of the Banks, agrees that it will not present a
sight draft under the Collateral Letter of Credit unless an Event of Default has occurred and is
continuing. The Agent further agrees, for and on behalf of the Banks, that it shall return the
Collateral Letter of Credit to MuniMae for cancellation upon receipt of the Financial Statements,
the Form 10-K and, to the extent required, the Form 10-Qs, in form and substance reasonably
satisfactory to the Agent.

Section 4. Waiver Fee. The Borrower shall pay to the Agent, simultaneously
with the execution and delivery of this Amendment, for the pro rata benefit of the Banks, based on
their respective Commitment Percentage, a waiver fee of $210,000.00 (the “Waiver Fee”).

Section 5. Representations and Warranties. The Borrower and Guarantors,
jointly and severally, represent and warrant to the Banks as of the effective date of this
Amendment that, assuming the due execution and delivery of this Amendment: (a) no Default or Event
of Default is in existence, from and after, or will result from, the execution and delivery of this
Amendment or the consummation of any transactions contemplated hereby; (b) each of the
representations and warranties of the Borrower and the Guarantors in the Loan Agreement and the
other Credit Documents is true and correct in all material respects on the effective date of this
Amendment (except for representations and warranties limited as to time or with respect to a
specific event, which representations and warranties shall continue to be limited to such time or
event); and (c) this Amendment and the Loan Agreement (as amended by this Amendment) are legal,
valid and binding agreements of the Borrower and the Guarantors and are enforceable against them in
accordance with their terms.

Section 6. Ratification. Except as hereby amended or waived, the Loan
Agreement, all other Credit Documents and each provision thereof are hereby ratified and confirmed
in every respect and shall continue in full force and effect, and this Amendment shall not be, and
shall not be deemed to be, a waiver of any Default or Event of Default or of any covenant, term or
provision of the Loan Agreement or the other Credit Documents. In furtherance of the foregoing
ratification, by executing this Amendment in the spaces provided below, each of the Guarantors, on
a joint and several basis, hereby absolutely and unconditionally (a) reaffirms its obligations
under the Guaranty or the MuniMae Guaranty, as applicable, and (b) absolutely and unconditionally
consents to (i) the execution and delivery by the Borrower of this Amendment, (ii) the continued
implementation and consummation of arrangements and transactions contemplated by the Loan Agreement
(including, without limitation, as amended or waived hereby) and the other Credit Documents, and
(iii) the performance and observance by the Borrower and each Guarantor of all of its respective
agreements, covenants, duties and obligations under the Loan Agreement (including, without
limitation, as amended or waived hereby) and the other Credit Documents.

Section 7. Conditions Precedent. The agreements set forth in this Amendment
are conditional and this Amendment shall not be effective until the following conditions have been
fulfilled to the satisfaction of the Agent:

(a) receipt by the Agent of a fully-executed counterpart original of this Amendment;

(b) receipt by the Agent of the Collateral Letter of Credit, along with an opinion of counsel
of the issuer of the Collateral Letter of Credit regarding the enforceability thereof in form and
substance reasonably satisfactory to the Agent; and

(c) receipt by the Agent, for the pro rata benefit of the Banks, of the Waiver Fee.

Section 8. Counterparts. This Amendment may be executed and delivered in any
number of counterparts with the same effect as if the signatures on each counterpart were upon the
same instrument.

Section 9. Amendment as Credit Document. Each party hereto agrees and
acknowledges that this Amendment constitutes a “Credit Document” under and as defined in the Loan
Agreement.

SECTION 10. GOVERNING LAW. THIS AMENDMENT SHALL BE DEEMED TO CONSTITUTE A
CONTRACT MADE UNDER THE LAWS OF THE STATE OF NEW YORK, INCLUDING ARTICLE 5 OF THE UCC, AND SHALL BE
GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE INTERNAL LAWS OF THE STATE OF NEW YORK (INCLUDING
SECTIONS 5-1401 AND 5-1402 OF THE GENERAL OBLIGATIONS LAW, BUT OTHERWISE WITHOUT REGARD TO ITS
CONFLICTS OF LAW RULES).

Section 11. Successors and Assigns. This Amendment shall be binding upon each
of the Borrower, the Guarantors, the Banks, the Agent and their respective successors and assigns,
and shall inure to the benefit of each of the Borrower, the Guarantors, the Banks and the Agent.

Section 12. Headings. Section headings in this Amendment are included herein
for convenience of reference only and shall not constitute a part of this Amendment for any other
purpose.

Section 13. Expenses. Each Borrower jointly and severally agrees to promptly
reimburse the Agent and the Banks for all expenses, including, without limitation, reasonable fees
and expenses of outside legal counsel, it has heretofore or hereafter incurred or incurs in
connection with the preparation, negotiation and execution of this Amendment and all other
instruments, documents and agreements executed and delivered in connection with this Amendment.

Section 14. Integration. This Amendment contains the entire understanding of
the parties hereto with regard to the subject matter contained herein. This Amendment supersedes
all prior or contemporaneous negotiations, promises, covenants, agreements and representations of
every nature whatsoever with respect to the matters referred to in this Amendment, all of which
have become merged and finally integrated into this Amendment. Each of the parties hereto
understands that in the event of any subsequent litigation, controversy or dispute concerning any
of the terms, conditions or provisions of this Amendment, no party shall be entitled to offer or
introduce into evidence any oral promises or oral agreements between the parties relating to the
subject matter of this Amendment not included or referred to herein and not reflected by a writing
included or referred to herein.

Section 15. No Course of Dealing. The Agent and the Banks have entered into
this Amendment on the express understanding with each Borrower and Guarantor that in entering into
this Amendment the Agent and the Banks are not establishing any course of dealing with the Borrower
or the Guarantors. The Agent’s and the Banks’ rights to require strict performance with all of the
terms and conditions of the Loan Agreement and the other Credit Documents shall not in any way be
impaired by the execution of this Amendment. None of the Agent and the Banks shall be obligated in
any manner to execute any further amendments or waivers and if such waivers or amendments are
requested in the future, assuming the terms and conditions thereof are satisfactory to them, the
Agent and the Banks may require the payment of fees in connection therewith. Each of the Borrower
and the Guarantors agrees that none of the ratifications and reaffirmations set forth herein, nor
the Agent’s nor any Bank’s solicitation of such ratifications and reaffirmations, constitutes a
course of dealing giving rise to any obligation or condition requiring a similar or any other
ratification or reaffirmation from the Borrower or the Guarantors with respect to any subsequent
modification, consent or waiver with respect to the Loan Agreement or any other Credit Document.

Section 16. Jury Trial Waiver. BORROWER, GUARANTORS, AGENT AND BANKS BY
ACCEPTANCE OF THIS AMENDMENT MUTUALLY HEREBY KNOWINGLY, VOLUNTARILY AND INTENTIONALLY WAIVE THE
RIGHT TO A TRIAL BY JURY IN RESPECT OF ANY LITIGATION BASED HEREON (WHETHER IN CONTRACT, TORT OR
OTHERWISE), ARISING OUT OF, UNDER OR IN CONNECTION WITH THIS AMENDMENT, THE LOAN AGREEMENT, OR ANY
OTHER CREDIT DOCUMENT CONTEMPLATED TO BE EXECUTED IN CONNECTION HEREWITH, OR ANY COURSE OF CONDUCT,
COURSE OF DEALINGS, STATEMENTS (WHETHER VERBAL OR WRITTEN) OR ACTIONS OF ANY PARTY, INCLUDING,
WITHOUT LIMITATION, ANY COURSE OF CONDUCT, COURSE OF DEALINGS, STATEMENTS OR ACTIONS OF AGENT OR
ANY BANK RELATING TO THE ADMINISTRATION OF THE LOAN OR ENFORCEMENT OF THE CREDIT DOCUMENTS, AND
AGREE THAT NO PARTY WILL SEEK TO CONSOLIDATE ANY SUCH ACTION WITH ANY OTHER ACTION IN WHICH A JURY
TRIAL CANNOT BE OR HAS NOT BEEN WAIVED.

 [Remainder of page intentionally left blank; signature pages follow]

1

IN WITNESS WHEREOF, the parties have caused this Amendment No. 12 to be duly executed
by their duly authorized officers or representatives, all as of the date first above written.

	 	 	 	 	 	 	 
	BORROWER:	 	MMA FINANCIAL WAREHOUSING, LLC	 	 
	 	 	By:	 	MMA Equity Corporation, its sole member
	
 
	 	 	 	By:
	 	/s/ Edward J. Feldkamp IV

	 	 	Edward J. Feldkamp IV, Vice President and Treasurer

	 	 	 	 	 
	MMA FINANCIAL BOND WAREHOUSING, LLC
	 	 
	By:	 	MMA Equity Corporation, its managing member
	
 
	 	By:
	 	/s/ Edward J. Feldkamp IV

	 	 	Edward J. Feldkamp IV, Vice President and Treasurer

	 	 	 	 	 
	GUARANTORS:	 	MUNICIPAL MORTGAGE & EQUITY, LLC
	
 
	 	By:
	 	/s/ Edward J. Feldkamp IV

	 	 	Edward J. Feldkamp IV, Vice President and Treasurer

	 	 	 
	MMA FINANCIAL HOLDINGS, INC.

	By:

	 	/s/ Edward J. Feldkamp IV

	 	 	Edward J. Feldkamp IV, Vice President and Treasurer

(Signatures continued on next page)

2

	 	 	 	 	 
	GUARANTORS (CONT.):	 	MMA EQUITY CORPORATION
	
 
	 	By:
	 	/s/ Edward J. Feldkamp IV

	 	 	Edward J. Feldkamp IV, Vice President and Treasurer

	 	 	 
	MMA FINANCIAL TC CORP.

	By:

	 	/s/ Edward J. Feldkamp IV

	 	 	Edward J. Feldkamp IV, Vice President and Treasurer

	 	 	 	 	 
	MMA FINANCIAL BFGLP, LLC
	 	 
	By:	 	MMA Financial TC Corp., its sole member
	
 
	 	By:
	 	/s/ Edward J. Feldkamp IV

	 	 	Edward J. Feldkamp IV, Vice President and Treasurer

	 	 	 
	MMA FINANCIAL BFRP, INC.

	By:

	 	/s/ Edward J. Feldkamp IV

	 	 	Edward J. Feldkamp IV, Vice President and Treasurer

(Signatures continued on next page)

	 	 	 
	GUARANTORS (CONT.): MMA SPECIAL LIMITED PARTNER, INC.

	By:

	 	/s/ Edward J. Feldkamp IV

	 	 	Edward J. Feldkamp IV, Vice President and Treasurer

	 	 	 	 	 
	MMA FINANCIAL BFG INVESTMENTS, LLC
	 	 
	By:	 	MMA Financial TC Corp., its managing member
	
 
	 	By:
	 	/s/ Edward J. Feldkamp IV

	 	 	Edward J. Feldkamp IV, Vice President and Treasurer

	 	 	 
	AGENT:

BANKS:

	 	BANK OF AMERICA, N.A., as Agent

By: /s/ Ugo Arinzeh

Ugo Arinzeh, Senior Vice President

BANK OF AMERICA, N.A., as one of the Banks

By: /s/ Ugo Arinzeh

Ugo Arinzeh, Senior Vice President

	 	 	CITICORP USA, INC., as one of the Banks

By: /s/ Rosanna M Valenzuela

Rosanna M Valenzuela, Vice President

(Signatures continued on next page)

	 	 	 	BANKS (CONT.):

COMERICA BANK, as one of the Banks

By: /s/ Lisa Kotula

Lisa Kotula, Vice President

MERRILL LYNCH COMMUNITY DEVELOPMENT COMPANY, L.L.C., as one
of the Banks

By: /s/ Michael Solomon

Michael Solomon, Director

SOVEREIGN BANK, as one of the Banks

By: /s/ Keith A. Harding

Keith A. Harding, Vice President

3

EXHIBIT A

I. Borrower:

MMA Financial Warehousing, LLC, a Maryland limited liability company (“SPE I”),

MMA Financial Bond Warehousing, LLC, a Maryland limited liability company (“SPE II”), and

(SPE I and SPE II are individually, and collectively, jointly and severally referred to as the
“Borrower”).

II. Guarantors:

Municipal Mortgage & Equity, LLC, a Delaware limited liability company (“MuniMae”),

MMA Financial Holdings Inc., a Florida corporation (“MFH”),

MMA Equity Corporation, a Florida corporation (“MEC”),

MMA Financial TC Corp., a Delaware corporation (“TC Corp.”),

MMA Financial BFGLP, LLC, a Maryland limited liability Company (“BFGLP”),

MMA Financial BFRP Inc., a Delaware corporation (“BFRP”),

MMA Financial BFG Investments LLC, a Delaware limited liability company (“BFG Investments”), and

MMA Special Limited Partner, Inc., a Florida corporation (“MSLP”).

(MuniMae, MFH, MEC, TC Corp., BFGLP, BFRP, BFG Investments, and MSLP are each referred to as a
“Guarantor” and are collectively, jointly and severally referred to as the “Guarantors”).

III. Banks:

Bank of America, N.A.

Citicorp USA, Inc.

Comerica Bank

Merrill Lynch Community Development Company, L.L.C.

Sovereign Bank

 

1670900.7

4

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00131-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00131-of-00352.parquet"}]]