Document:

EX-10.2

 Exhibit 10.2 

THIRD AMENDMENT TO SECOND AMENDED AND RESTATED 

CREDIT AGREEMENT 
 This
THIRD AMENDMENT TO SECOND AMENDED AND RESTATED CREDIT AGREEMENT (this “Amendment”), is made and entered into as of December 15, 2022 (the “Effective Date”), by and among TREAN INSURANCE GROUP,
INC., a Delaware corporation (“Holdings”), TREAN CORPORATION, a Minnesota corporation (“Trean”), BENCHMARK ADMINISTRATORS, LLC (“BA LLC” and together with Holdings and Trean,
collectively the “Borrower”), the other Loan Parties party hereto, the banks and other financial institutions and lenders from time to time party hereto (the “Lenders”), and FIRST HORIZON BANK, in its
capacity as administrative agent and collateral agent for the Lenders (the “Administrative Agent”). 
 W I T N E S S E T
H: 
 WHEREAS, Holdings, the Borrower, the other Loan Parties party thereto, the Lenders party thereto and Administrative Agent
are parties to that certain Second Amended and Restated Credit Agreement, dated as of July 16, 2020 (as amended by that certain First Amendment to Second Amended and Restated Credit Agreement dated as of May 6, 2022, that certain Second
Amendment to Second Amended and Restated Credit Agreement dated as of September 28, 2022, and as the same may be further amended, restated, supplemented or otherwise modified from time to time, the “Credit Agreement”), pursuant
to which the Lenders committed to make certain loans and other financial accommodations to the Borrower upon the terms and conditions set forth therein; 

WHEREAS, Borrower and the other Loan Parties have requested that Administrative Agent and the Lenders amend certain provisions of the
Credit Agreement, and subject to the terms and conditions of this Amendment, Administrative Agent and the Lenders have agreed to make such amendments; 

NOW, THEREFORE, in consideration of the premises, the covenants and agreements contained herein, and other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, Borrower and the other Loan Parties, the Lenders and Administrative Agent do hereby agree that capitalized terms used herein (including the recitals hereto) and not
otherwise defined herein shall have the meanings given such terms in the Credit Agreement and further agree as follows: 
 1.
ACKNOWLEDGMENTS. 
 a. Acknowledgment of Obligations. All Obligations, together with interest accrued and accruing thereon, and fees,
costs, expenses and other charges now or hereafter payable by the Loan Parties to the Lenders, are unconditionally owing by the Loan Parties, all without offset, defense or counterclaim of any kind, nature or description whatsoever. 

b. Acknowledgment of Liens. Each of the Loan Parties hereby acknowledges, confirms and agrees that Administrative Agent on behalf of
the Lenders has and shall continue to have valid, enforceable and perfected first priority liens (subject to certain Liens expressly permitted by the terms and conditions of the Credit Agreement) upon and security interests in the Collateral
heretofore granted by the Loan Parties to Administrative Agent on behalf of the Lenders pursuant to the Loan Documents. 

 c. Binding Effect of Documents. Each of the Loan Parties hereby acknowledges,
confirms and agrees that: (a) each of the Loan Documents to which it is a party has been duly executed and delivered by it to Administrative Agent, and each is in full force and effect as of the date hereof, (b) the agreements and
obligations of each Loan Party contained in the Loan Documents and in this Amendment constitute the legal, valid and binding obligations of such Loan Party, enforceable against it in accordance with their respective terms, except as enforceability
may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or similar laws affecting the enforcement of creditors’ rights generally or by equitable principles relating to enforceability, and no Loan Party has a valid
defense to the enforcement of such obligations and (c) Administrative Agent and the Lenders are and shall be entitled to the rights, remedies and benefits provided for them in the Loan Documents and applicable law. 

2. AMENDMENTS TO THE CREDIT AGREEMENT. Subject to the terms and conditions of this Amendment, including, without limitation, the conditions
precedent set forth in Section 3 of this Amendment, the Credit Agreement is hereby amended as follows: 
 a.
Section 1.1 of the Credit Agreement is hereby amended by inserting the following definitions in correct alphabetical order: 

“Third Amendment Effective Date”: means December 15, 2022. 

“Third Amendment Effective Date Merger”: merger of Treadstone Merger Sub Inc., a Delaware corporation with and into Holdings,
with Holdings as the surviving corporation. 
 “Third Amendment Effective Date Merger Agreement”: Agreement and Plan of
Merger, dated as of the Third Amendment Effective Date, by and among Treadstone Parent Inc., a Delaware corporation a Delaware corporation Treadstone Merger Sub Inc., a Delaware corporation, and Holdings, providing for, among other things, the Third
Amendment Effective Date Merger. 
 b. Section 1.1 of the Credit Agreement is hereby amended and restated by replacing the following
definition: 
 “Management Fee Subordination Agreement”: (i) the Consulting Fee Subordination Agreement of dated as of the
Initial Closing Date by and among the Administrative Agent, Altaris Capital Partners, LLC, Holdings and the Borrower; provided that, as of the First Amended and Restated Closing Date, Exhibit A of such Consulting Fee Subordination Agreement was
deemed to have been amended, as of May 1, 2017, in accordance with the amendment, dated as of May 1, 2017, to the Sponsor Management Agreement (the “Existing Management Fee Subordination Agreement”), and all payments made
prior to the First Amended and Restated Closing Date in accordance with the terms of such amendment were 

  
 -2- 

 
deemed to have been approved for all purposes by the Administrative Agent and the Lenders and (ii) on and after the consummation of the Third Amendment Effective Date Merger, that certain
consulting fee subordination agreement substantially in the form of the Existing Management Fee Subordination Agreement (or such other form reasonably acceptable to the Administrative Agent) executed in connection with the consummation of the Third
Amendment Effective Date Merger, which management fee subordination agreement shall amend and restate in its entirety the Existing Management Fee Subordination Agreement. 

c. Section 7.4 of the Credit Agreement is hereby amended to add the following new clause (e) at the end of such section: 

“(e) the Third Amendment Effective Date Merger is permitted.” 

d. Clause (a) of Section 7.9 of the Credit Agreement is hereby deleted in its entirety and replaced with the
following new clause (a). 
 “(a) consummate the Third Amendment Effective Date Merger;” 

e. Clause (k) of Section 8.1 of the Credit Agreement is hereby deleted in its entirety and replaced with the
following new clause (k). 
 “(k) (i) (a) prior to the occurrence of the first public offering by Holdings (or by its direct or
indirect parent company) of Capital Stock in Holdings (or in its direct or indirect parent company, as the case may be) on or after the Closing Date pursuant to a registration statement filed with the Securities and Exchange Commission in accordance
with the Securities Act (a “Qualified Initial Public Offering”), failure of the Sponsor to maintain ownership, directly or indirectly, beneficially and of record, of 51% or more of the outstanding voting Capital Stock in Holdings,
(b) after the occurrence of a Qualified Initial Public Offering, any “person” or “group” (as such terms are used in Sections 13(d)(3) and 14(d)(2) of the Securities Exchange Act of 1934), including any group acting for the
purpose of acquiring, holding or disposing of securities (within the meaning of Rule 13d-5(b)(1) under the Securities Exchange Act of 1934, but excluding any employee benefit plan and/or person acting as the
trustee, agent or other fiduciary or administrator therefor) other than the Sponsor is or shall at any time become the “beneficial owner” (as defined in Rules 13(d)-3 and 13(d)-5 under the Exchange Act), directly or indirectly, of the greater of (I) 30% or more on a fully diluted basis of the voting interests in Holdings’ Capital Stock and (II) the percentage (measured on a
fully diluted basis) of the voting interests in Holdings’ Capital Stock then owned, directly or indirectly, by Sponsor free and clear of all Liens or (c) after the consummation of the Third Amendment Effective Date Merger, failure
of the Sponsor to maintain ownership, directly or indirectly, beneficially and of record, of 51% or more of the outstanding voting Capital Stock in Holdings or (ii) Holdings ceases to own one hundred percent (100%) of the issued and outstanding
Capital Stock of the Borrower, in each instance in clauses (i) and (ii), free and clear of all Liens, rights, options, warrants or other similar agreements or understandings, other than Liens in favor of the
Administrative Agent, for the benefit of the Lenders; or” 

  
 -3- 

 3. CONDITIONS TO EFFECTIVENESS OF THIS AMENDMENT. The effectiveness of this Amendment,
including the amendments set forth in Section 2 above, is subject to the following: 
 (a) The receipt by the
Administrative Agent of one or more counterparts of this Agreement duly executed and delivered by the Borrower, Holdings, each other Loan Party, and the Administrative Agent and the Lenders. 

(b) The representations and warranties set forth in this Amendment are true and correct in all material respects (without duplication of any
materiality qualifier contained therein). 
 4. REPRESENTATIONS AND WARRANTIES. Borrower, and each other Loan Party by executing the
Acknowledgment and Consent attached hereto, hereby represents and warrants with and to Administrative Agent and the Lenders as follows: 

(a) Representations and Warranties. On and as of the date hereof, and after giving effect to this Amendment: (i) each of the
representations and warranties contained in the Loan Documents was true and correct in all material respects when made and is true and correct in all material respects on and as of the date of this Amendment (other than those representations and
warranties that are expressly qualified by a Material Adverse Effect or other materiality qualification, in which case such representations and warranties shall be true and correct in all respects) with the same full force and effect as if each of
such representations and warranties had been made by such Person on the date hereof and in this Amendment, except for any representation and warranty that for representations and warranties expressly stated to relate to a specific earlier date, in
which case such representations and warranties shall remain true and correct in all material respects as of such earlier date (other than those representations and warranties that are expressly qualified by a Material Adverse Effect or other
materiality qualification, in which case such representations and warranties shall be true and correct in all respects as of such earlier date), and (ii) no Default or Event of Default exists. 

(b) Material Adverse Effect. Since December 31, 2021, there has been no development, event or change in condition that has had or
could reasonably be expected to have a Material Adverse Effect. 
 (c) Binding Effect of Documents. This Amendment and the other Loan
Documents have been duly executed and delivered to Administrative Agent and the Lenders by the Borrower and each of the other Loan Parties and are in full force and effect, as modified hereby. 

(d) No Conflict, Etc. The execution and delivery and performance of this Amendment by the Borrower and each of the other Loan Parties
will not (i) contravene the terms of any of that Person’s organizational documents, (ii) conflict with or result in any material breach or contravention of, or result in the creation of any Lien (other than Liens securing the
Obligations) under, any document evidencing any material contractual obligation to which such Person is a party or any order, injunction, writ or decree of any Governmental Authority to which such Person or its Property is subject; or
(iii) violate any material Requirement of Law in any material respect. 

  
 -4- 

 (e) Events of Default. Immediately prior to, and after giving effect to this
Amendment, no Default or Event of Default has occurred and is continuing as of the date hereof. 
 5. PROVISIONS OF GENERAL APPLICATION.

 (a) Effect of this Amendment. Except for the amendments expressly set forth and referred to in Section 2,
no other changes or modifications to the Loan Documents are intended or implied and in all other respects the Loan Documents are hereby specifically ratified and confirmed by all parties hereto as of the date hereof. In the event of any conflict
between the terms of this Amendment and the other Loan Documents, the terms of this Amendment shall control. Nothing in this Amendment is intended, or shall be construed, to constitute a novation or an accord and satisfaction of any Loan
Party’s Obligations under or in connection with the Credit Agreement or any of the other Loan Documents or to modify, affect or impair the perfection or continuity of Administrative Agent’s security interests in, security titles to or
other liens on any Collateral for the Obligations. The Credit Agreement and this Amendment shall be read and construed as one agreement. Administrative Agent and the Lenders hereby notify the Loan Parties that, effective from and after the date of
this Amendment, Administrative Agent and the Lenders intend to enforce all of the provisions of the Loan Documents and that Administrative Agent and the Lenders expect that the Loan Parties will strictly comply with the terms of the Loan Documents
from and after this date. 
 (b) Loan Document. The parties hereto acknowledge, confirm and agree that this Amendment shall
constitute a Loan Document under the Credit Agreement. 
 (c) Costs and Expenses. The Loan Parties absolutely and
unconditionally agree to pay to Administrative Agent, on demand by Administrative Agent at any time and as often as the occasion therefore may require reasonable costs and expenses actually incurred in connection with the development,
preparation and execution of, this Amendment and any other documents prepared in connection herewith, and the consummation and administration of the transactions contemplated hereby and thereby, including the reasonable fees and disbursements of
counsel to the Administrative Agent and filing and recording fees and expenses which shall at any time be incurred or sustained by Administrative Agent or any of its directors, officers, employees or agents as a consequence of or in any way in
connection with the preparation, negotiation, execution, or delivery of this Amendment and any agreements prepared, negotiated, executed or delivered in connection herewith, all in accordance with the terms and conditions set forth in
Section 10.5 of the Credit Agreement. 
 (d) Further Assurances. The parties hereto shall execute and
deliver such additional documents and take such additional action as may be reasonably necessary or desirable to effectuate the provisions and purposes of this Amendment. 

(e) Binding Effect. This Amendment shall be binding upon and inure to the benefit of each of the parties hereto and their respective
successors and assigns. 

  
 -5- 

 (f) Survival of Representations and Warranties. All representations and warranties
made in this Amendment or any other document furnished in connection with this Amendment shall survive the execution and delivery of this Amendment and the other documents, and no investigation by Administrative Agent or any Lender shall affect the
representations and warranties or the right of Administrative Agent or the Lenders to rely upon them. 
 (g) Releases. As a material
inducement to Administrative Agent and the Lenders to enter into this Amendment and to grant concessions to the Loan Parties, all in accordance with and subject to the terms and conditions of this Amendment, each Loan Party: 

(i) Does hereby remise, release, acquit, satisfy and forever discharge Administrative Agent and the Lenders and their
subsidiaries and affiliates, and all of their respective past, present and future officers, directors, employees, agents, attorneys, representatives, participants, heirs, successors and assigns (each a “Releasee” and collectively,
the “Releasees”) from any and all manner of debts, accountings, bonds, warranties, representations, covenants, promises, contracts, controversies, arguments, liabilities, obligations, expenses, damages, judgments, executions,
actions, claims, demands and causes of action of any nature whatsoever, whether at law or in equity, either now accrued or hereafter maturing or whether known or unknown, which any Loan Party now has or hereafter can, shall or may have by reason of
any manner, cause or things, from the beginning of the world to and including the date of this Amendment, with respect to matters arising out of, in connection with or related to (A) any and all obligations owed or owing to any Releasee under
any document evidencing financial arrangements by, among and between such Releasee and any Loan Party, relating to the Credit Agreement, and including, but not limited to, the administration or funding thereof; (B) the Credit Agreement and
indebtedness evidenced and secured thereby; or (C) any other agreement or transaction between any Loan Party and any Releasee entered into in connection with the Credit Agreement, except that the Loan Parties shall have no obligation hereunder
to a Releasee with respect to any of the foregoing matters resulting from the gross negligence or willful misconduct of such Releasee as finally determined by a court of competent jurisdiction. 

(ii) Does hereby covenant and agree never to institute or cause to be instituted or continued prosecution of any suit or other
form of action or proceeding of any kind or nature whatsoever against any Releasee by reason of or in connection with any of the foregoing matters, claims or causes of action; provided, however, that the foregoing release and covenant
not to sue shall not apply to any claim arising after the date of this Amendment with respect to acts, occurrences or events after the date of this Amendment; and, further provided that the foregoing release and covenant not to sue
shall not apply to any rights or claims, if any, of any third party creditors of any Loan Party. If any Loan Party or any of its successors, assigns or other legal representations violates the foregoing covenant, such Loan Party and its successors,
assigns and legal representatives, jointly and severally agree to pay, in addition to such other damages as any Releasee may sustain as a result of such violation, all attorneys’ fees and costs incurred by any Releasee as a result of such
violation. 

  
 -6- 

 (iii) Does hereby expressly acknowledge and agree that the covenants and
agreements of Administrative Agent and the Lenders contained in this Amendment shall not be construed as an admission of any wrongdoing, liability or culpability on the part of Administrative Agent or any Lender or as any admission by Administrative
Agent or any Lender of the existence of claims by any Loan Party against Administrative Agent, the Lenders or any other Releasee. Each Loan Party, Administrative Agent and the Lenders acknowledge and agree that the value to the Loan Parties of the
covenants, consents and agreements on the part of Administrative Agent and the Lenders contained in this Amendment substantially and materially exceed any and all value of any kind or nature whatsoever of any claims or other liabilities waived or
released by the Loan Parties. 
 (iv) Notwithstanding anything contained in this Amendment, the general release set forth in
this Amendment shall not extend to and shall not include any duties or obligations of Administrative Agent or the Lenders in the Credit Agreement as modified by this Amendment or in any of the Loan Documents. 

(h) Entire Agreement. This Amendment represents the entire agreement of the Borrower, the Administrative Agent and the Lenders with
respect to the subject matter hereof and thereof and supersedes all prior understandings, negotiations, correspondence and agreements of the parties regarding such subject matter. 

(i) GOVERNING LAW. THIS AGREEMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES UNDER THIS AGREEMENT SHALL BE GOVERNED BY, AND
CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK (INCLUDING SECTIONS 5-1401 AND 5-1402 OF THE GENERAL OBLIGATIONS LAW OF THE STATE OF NEW
YORK) WITHOUT REFERENCE TO THE CONFLICTS OR CHOICE OF LAW PRINCIPLES THEREOF OTHER THAN SUCH SECTION 5-1401. 

(j) Incorporation of Credit Agreement Provisions. The provisions contained in Sections 10.9, 10.12, and 10.17 of the Credit Agreement
are incorporated herein by reference to the same extent as if reproduced herein in their entirety. 
 (k) Counterparts. This
Amendment may be executed in any number of counterparts, each of which when so executed shall be deemed to be an original and all of which taken together shall constitute one and the same agreement. Signature pages may be detached from multiple
separate counterparts and attached to a single counterpart. Delivery of an executed signature page of this Amendment by facsimile transmission or Electronic Transmission shall be as effective as delivery of a manually executed counterpart hereof.

 [Remainder of page intentionally blank; next page is signature page] 

  
 -7- 

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

	
	 BORROWER:
  

TREAN CORPORATION, a Minnesota corporation
  

By: /s/ Nicholas J.
Vassallo                                        

 Name: Nicholas J. Vassallo
 Title: Chief Financial Officer
and Treasurer
  
 BENCHMARK ADMINISTRATORS, LLC, a California limited liability
company
  
 By: /s/ Nicholas J.
Vassallo                                        

 Name: Nicholas J. Vassallo
 Title: Chief Financial Officer
and Treasurer

	
	 TREAN INSURANCE GROUP, INC., a Delaware corporation, as Holdings and a Borrower

 
 By: /s/ Nicholas J.
Vassallo                                        

 Name: Nicholas J. Vassallo
 Title: Chief Financial Officer
and Treasurer

 TREAN 

THIRD AMENDMENT TO SECOND A&R CREDIT AGREEMENT 

SIGNATURE PAGE 

 
	
	 OTHER LOAN PARTIES:
  

WESTCAP INSURANCE SERVICES, LLC, a California limited liability company
  

By: /s/ Nicholas J.
Vassallo                                        

 Name: Nicholas J. Vassallo
 Title: Chief Financial Officer
and Treasurer

	
	 TREAN REINSURANCE SERVICES, LLC,
 a
Minnesota limited liability company
  
 By: /s/ Nicholas J.
Vassallo                                        

 Name: Nicholas J. Vassallo
 Title: Chief Financial Officer
and Treasurer
  
 COMPSTAR INSURANCE SERVICES, LLC, a California limited
liability company
  
 By: /s/ Nicholas J.
Vassallo                                        

 Name: Nicholas J. Vassallo
 Title: Chief Financial Officer
and Treasurer

 TREAN 

THIRD AMENDMENT TO SECOND A&R CREDIT AGREEMENT 

SIGNATURE PAGE 

 
			
	FIRST HORIZON BANK, as Administrative Agent, Swingline Lender and a Lender
		
	By:	 	 /s/ Leslie Johnson

	Name: Leslie Johnson
	Title: Group Head – Healthcare Sponsor Finance

 TREAN 

THIRD AMENDMENT TO SECOND A&R CREDIT AGREEMENT 

SIGNATURE PAGEEX-10.1

  Execution Version

  Exhibit 10.1

  NINTH AMENDMENT TO CREDIT AGREEMENT 
AND FIRST AMENDMENT TO GUARANTEE AND COLLATERAL AGREEMENT

  THIS NINTH AMENDMENT TO CREDIT AGREEMENT AND FIRST AMENDMENT TO GUARANTEE AND COLLATERAL AGREEMENT, dated as of December 14, 2022 (this “Amendment”), is made by and among Starry, Inc., a Delaware corporation (the “Company” or “Borrower Representative”), the other Borrowers, the Initial Tranche D Lenders (as defined below), the Delayed Draw Tranche D Lenders (as defined below), the other lenders listed on the signature pages hereto and ARROWMARK AGENCY SERVICES LLC, a Delaware limited liability company, in its capacity as Administrative Agent.  Capitalized terms used and not otherwise defined herein shall have the meanings assigned to them in the Amended Credit Agreement (as defined below).

  STATEMENT OF PURPOSE: 

  WHEREAS, the Company, each Subsidiary of the Company listed as a “Borrower” on the signature pages thereto, the Administrative Agent and the financial institutions listed on the signature pages thereto as Lenders (the “Lenders”) are party to that certain Amended and Restated Credit Agreement, dated as of December 13, 2019 (as amended, restated, amended and restated, supplemented or otherwise modified prior to the Ninth Amendment Effective Date (as defined below), the “Credit Agreement”);

  WHEREAS, the Company, each Subsidiary of the Company listed as a “Grantor” on the signature pages thereto and the Administrative Agent are party to that certain Guarantee and Collateral Agreement, dated as of February 14, 2019 (as amended, restated, amended and restated, supplemented or otherwise modified prior to the Ninth Amendment Effective Date, the “Collateral Agreement”);

  WHEREAS, the Borrower Representative has informed the Administrative Agent that Events of Default have occurred and are continuing under Sections 5.01(b), (c) and (d), 5.15 and 7.01(d) of the Credit Agreement (the “Specified Events of Default”);

  WHEREAS, the Borrower Representative has requested that the Initial Tranche D Lenders extend additional term loans to the Borrowers on the Ninth Amendment Effective Date in an aggregate principal amount of $6,200,000 and the Delayed Draw Tranche D Lenders extend additional term loans to the Borrowers on or after December 14, 2022 and prior to the Delayed Draw Tranche D Commitment Termination Date (as defined in the Amended Credit Agreement (as defined below)) in an aggregate principal amount of $5,000,000, on the terms set forth herein;

  WHEREAS, (x) certain Lenders listed on the signature pages hereto (in such capacity, each an “Initial Tranche D Lender” and collectively the “Initial Tranche D Lenders”) have agreed to provide the Initial Tranche D Commitments and to make the Initial Tranche D Loans 

   

  US-DOCS\137769361.4

   IF "" = "1" "Error! Unknown document property name." "" 

  

  on the terms set forth herein and (y) certain Lenders listed on the signature pages hereto (in such capacity, each a “Delayed Draw Tranche D Lender” and collectively the “Delayed Draw Tranche D Lenders”) have agreed to provide the Delayed Draw Tranche D Commitments and to make the Delayed Draw Tranche D Loans on the terms set forth herein (collectively, the “Tranche D Transactions”);

  WHEREAS, the Borrower Representative, on behalf of itself and the other Borrowers, has requested that the Administrative Agent and the Lenders (determined immediately prior to giving effect to the Tranche D Transactions) waive the Specified Events of Default and amend certain provisions of the Credit Agreement and the Collateral Agreement, respectively;

  WHEREAS, pursuant to Section 9.02 thereof, (i) the Specified Events of Default may be amended with the consent of the Borrower Representative, on behalf of itself and the other Borrowers, the Required Lenders and the Administrative Agent and (ii) the Credit Agreement may be amended with the consent of the Borrower Representative, on behalf of itself and the other Borrowers, each of the Lenders and the Administrative Agent; and

  WHEREAS, pursuant to Section 7.02(b) thereof, the Collateral Agreement may be amended with the consent of the Administrative Agent and the Loan Parties with respect to which such waiver, amendment or modification is to apply;

  WHEREAS, the Administrative Agent, the Initial Tranche D Lenders, the Delayed Draw Tranche D Lenders and the other Lenders party hereto, who collectively constitute all of the Lenders as of the date hereof immediately prior to giving effect to the Tranche D Transactions, are willing to waive the Specified Events of Default and amend certain provisions of the Credit Agreement and the Collateral Agreement, respectively, in accordance with the terms and provisions of this Amendment.

  NOW, THEREFORE, in consideration of the mutual covenants and agreements set forth herein and for other good and valuable consideration, the receipt and adequacy of which is hereby acknowledged, the parties hereto agree as follows:

  1.Limited Waiver.  Subject to the satisfaction of the conditions precedent set forth in Section 8 hereof, and in reliance on the representations and warranties set forth in Section 7 below, and notwithstanding anything to the contrary contained in the Credit Agreement or any other Loan Document, the Administrative Agent and the Lenders party hereto (determined immediately prior to giving effect to the Tranche D Transactions), constituting the Required Lenders as of the date hereof, hereby waive the Specified Events of Default.  The foregoing waiver is limited precisely as written and, except as expressly set forth herein, shall not be deemed or otherwise construed to constitute a waiver of any Default or Event of Default now existing or hereafter arising, shall not be deemed to constitute a variation from the terms of any provision of the Credit Agreement or any other Loan Document, and shall not prejudice the exercise of any right, power or remedy which the Administrative Agent or any Lender may now have or may have in the future under or in connection with the Credit Agreement or any other Loan Document (after giving effect to this Amendment), all of which rights, powers and remedies are hereby expressly reserved by the Administrative Agent and the Lenders. 

  -2-

   

   

  

  2.Initial Tranche D Loans.  Subject to the satisfaction of the conditions set forth in Section 8 hereof, on and as of the Ninth Amendment Effective Date:

  (a)The Borrower Representative hereby requests the Initial Tranche D Loans from the Initial Tranche D Lenders, to be made on the Ninth Amendment Effective Date.  On the Ninth Amendment Effective Date, subject to the terms and conditions set forth herein, the Initial Tranche D Lenders will lend to the Borrowers, and the Borrowers will borrow from the Initial Tranche D Lenders, the full amount of the Initial Tranche D Loans. 

  (b)Each Initial Tranche D Lender agrees that (i) it has, as contemplated by this Amendment and the Amended Credit Agreement, an Initial Tranche D Commitment in an amount equal to the amount set forth opposite such Initial Tranche D Lender’s name under the heading “Initial Tranche D Commitments” on Schedule 1 hereto, (ii) effective on and at all times after the Ninth Amendment Effective Date, in addition to any obligations of such Lender in respect of Loans or Commitments of such Lender outstanding prior to the Ninth Amendment Effective Date, such Initial Tranche D Lender will be bound by all obligations of a Lender under the Amended Credit Agreement in respect of its Initial Tranche D Commitment and (iii) on the Ninth Amendment Effective Date, such Initial Tranche D Lender will fund the Initial Tranche D Loans in the amount set forth opposite such Initial Tranche D Lender’s name under the heading “Initial Tranche D Commitments” on Schedule 1 hereto.

  (c)Each Initial Tranche D Lender hereby agrees that it shall be deemed to be, and shall become, an “Initial Tranche D Lender,” a “Tranche D Lender,” a “Term Lender” and a “Lender” for all purposes of, and subject to all the obligations of an “Initial Tranche D Lender,” a “Tranche D Lender,” a “Term Lender” and a “Lender” under, the Amended Credit Agreement and the other Loan Documents. 

  (d)The Borrowers and the Administrative Agent hereby agree that from and after the Ninth Amendment Effective Date, each Initial Tranche D Lender shall be deemed to be, and shall become, an “Initial Tranche D Lender,” a “Tranche D Lender,” a “Term Lender” and a “Lender” for all purposes of, and with all the rights and remedies of an “Initial Tranche D Lender,” a “Tranche D Lender,” a “Term Lender” and a “Lender” under, the Amended Credit Agreement and the other Loan Documents. 

  (e)The Initial Tranche D Loans will constitute a new class of Term Loans and will be deemed to be “Term Loans” as defined in the Amended Credit Agreement for all purposes of the Amended Credit Agreement and the other Loan Documents having terms and provisions identical to those applicable to all Term Loans outstanding on the date hereof immediately prior to the Ninth Amendment Effective Date (the “Existing Term Loans”) except as otherwise provided in this Amendment and the Amended Credit Agreement.  The Initial Tranche D Loans shall be treated as a different class from the Existing Term Loans under the Credit Agreement. 

  3.Delayed Draw Tranche D Loans.  Subject to the satisfaction of the conditions set forth in Section 8 hereof, on and as of the Ninth Amendment Effective Date:

  (a)The Borrower Representative hereby requests the Delayed Draw Tranche D Commitments from the Delayed Draw Tranche D Lenders, to be effective on the Ninth 

  -3-

   

   

  

  Amendment Effective Date.  On the Ninth Amendment Effective Date, and subject to the terms and conditions set forth herein, the Delayed Draw Tranche D Lenders will make available to the Borrowers the full amount of the Delayed Draw Tranche D Commitments. 

  (b)Each Delayed Draw Tranche D Lender agrees that (i) it shall have, as contemplated by this Amendment and the Amended Credit Agreement, a Delayed Draw Tranche D Commitment in an amount equal to the amount set forth opposite such Delayed Draw Tranche D Lender’s name under the heading “Delayed Draw Tranche D Commitments” on Schedule 1 hereto, (ii) effective on and at all times after the Ninth Amendment Effective Date, in addition to any obligations of such Lender in respect of Loans or Commitments of such Lender outstanding prior to the Ninth Amendment Effective Date, such Delayed Draw Tranche D Lender will be bound by all obligations of a Lender under the Amended Credit Agreement in respect of its Delayed Draw Tranche D Commitment and (iii) on the Ninth Amendment Effective Date, such Delayed Draw Tranche D Lender will provide the Delayed Draw Tranche D Commitments in the amount set forth opposite such Delayed Draw Tranche D Lender’s name under the heading “Delayed Draw Tranche D Commitments” on Schedule 1 hereto.

  (c)Each Delayed Draw Tranche D Lender party hereto hereby agrees that it shall be deemed to be, and shall become, a “Delayed Draw Tranche D Lender,” a “Tranche D Lender,” a “Term Lender” and a “Lender” for all purposes of, and subject to all the obligations of a “Delayed Draw Tranche D Lender,” a “Tranche D Lender,” a “Term Lender” and a “Lender” under, the Amended Credit Agreement and the other Loan Documents. 

  (d)The Borrowers and the Administrative Agent hereby agree that from and after the Ninth Amendment Effective Date, each Delayed Draw Tranche D Lender shall be deemed to be, and shall become, a “Delayed Draw Tranche D Lender,” a “Tranche D Lender,” a “Term Lender” and a “Lender” for all purposes of, and with all the rights and remedies of a “Delayed Draw Tranche D Lender,” a “Tranche D Lender,” a “Term Lender” and a “Lender” under, the Amended Credit Agreement and the other Loan Documents. 

  (e)The Delayed Draw Tranche D Loans will be deemed to be “Term Loans” as defined in the Amended Credit Agreement for all purposes of the Amended Credit Agreement and the other Loan Documents having terms and provisions identical to those applicable to all Existing Term Loans and Initial Tranche D Loans except as otherwise provided in this Amendment and the Amended Credit Agreement.  The Delayed Draw Tranche D Loans shall be treated as a different class from the Existing Term Loans under the Credit Agreement but shall be treated as part of a single class of Term Loans with the Initial Tranche D Loans.

  4.Acknowledgments.  Each Initial Tranche D Lender and each Delayed Draw Tranche D Lender, by delivering its signature page to this Amendment on the Ninth Amendment Effective Date, (i) confirms that it has received a copy of the Credit Agreement, and has received or has been accorded the opportunity to receive copies of the most recent financial statements delivered pursuant to Section 5.01(a) or (b) thereof, as applicable, and such other documents and information as it deems appropriate to make its own credit analysis and decision to enter into this Amendment and to make the Initial Tranche D Loans and provide its Delayed Draw Tranche D Commitment; (ii) confirms that it has, independently and without reliance upon the Administrative Agent or any other Lender and based on such documents and information as it 

  -4-

   

   

  

  has deemed appropriate, made its own credit analysis and decision to enter into this Amendment and to make the Initial Tranche D Loans and provide its Delayed Draw Tranche D Commitment; (iii) irrevocably appoints ArrowMark Agency Services LLC to act on its behalf as the Administrative Agent under the Loan Documents and authorizes the Administrative Agent to take such actions on its behalf and to exercise such powers as are delegated to the Administrative Agent by the terms hereof or thereof, together with such actions and powers as are reasonably incidental thereto; and (iv) agrees that it will perform in accordance with their terms all of the obligations which by the terms of the Amended Credit Agreement are required to be performed by it as a Lender.

  5.Amendments to Credit Agreement.  

  (a)Effective as of the Ninth Amendment Effective Date, the Credit Agreement is hereby amended to delete all stricken text (indicated textually in the same manner as the following example:  strike-through text) and to add all double-underlined text (indicated textually in the same manner as the following example:  double-underlined text) as set forth in the conformed Credit Agreement attached hereto as Exhibit A (the Credit Agreement as amended by this Amendment, the “Amended Credit Agreement”).

  (b)Schedule 2.01 of the Credit Agreement is hereby amended by adding thereto the Initial Tranche D Commitments of the Initial Tranche D Lenders and the Delayed Draw Tranche D Commitments of the Delayed Draw Tranche D Lenders, in each case, as set forth on Schedule 1 hereto.

  6.Amendment to Collateral Agreement.  Section 5.02 of the Collateral Agreement is hereby amended and restated in its entirety as follows:

  	“SECTION 5.02. Application of Proceeds.  The Administrative Agent shall apply the proceeds of any collection, sale, foreclosure or other realization upon any Collateral, including any Collateral consisting of cash, as follows:

  		 

  FIRST, to the payment of all costs, expenses, indemnities and other obligations (other than principal and interest) incurred by the Administrative Agent in connection with such collection, sale, foreclosure or realization or otherwise in connection with this Agreement, any other Loan Document or any of the Secured Obligations, including all court costs and the fees and expenses of its agents, advisors (including financial advisors) and legal counsel, the repayment of all advances made by the Administrative Agent hereunder or under any other Loan Document on behalf of any Grantor and any other costs or expenses incurred in connection with the exercise of any right or remedy hereunder or under any other Loan Document;

   

  SECOND, to the payment of all costs, expenses, indemnities and other obligations (other than principal and interest) incurred by the Secured Parties and payable or reimbursable by the Grantors in connection with this Agreement, any other Loan Document or any of the Secured Obligations (the amounts so applied to be distributed among the Secured Parties pro rata in accordance with the amounts of such costs, expenses indemnities and other 

  -5-

   

   

  

  obligations (other than principal and interest) incurred by them as of the date of any such distribution);

   

  THIRD, to the payment of accrued and unpaid interest on the Initial Tranche D Loans, the Delayed Draw Tranche D Loans and, if any, Tranche D Incremental Loans (the amounts so applied to be distributed among the Secured Parties pro rata in accordance with the amount of such interest owed to them on the date of any such distribution) (for the avoidance of doubt, excluding the payment of the Initial Facility Fee (as defined in the Ninth Amendment Fee Letter) and the Delayed Draw Facility Fee (as defined in the Ninth Amendment Fee Letter));

   

  FOURTH, to the payment of the outstanding principal balance on the Initial Tranche D Loans, the Delayed Draw Tranche D Loans and, if any, Tranche D Incremental Loans (the amounts so applied to be distributed among the Secured Parties pro rata in accordance with the amount of such principal owed to them on the date of any such distribution) (for the avoidance of doubt, excluding the payment of the Initial Facility Fee (as defined in the Ninth Amendment Fee Letter) and the Delayed Draw Facility Fee (as defined in the Ninth Amendment Fee Letter));

   

  FIFTH, to the payment in full of all remaining Secured Obligations (the amounts so applied to be distributed among the Secured Parties pro rata in accordance with the amounts of such remaining Secured Obligations owed to them on the date of any such distribution) (for the avoidance of doubt, including the payment of the Initial Facility Fee (as defined in the Ninth Amendment Fee Letter) and the Delayed Draw Facility Fee (as defined in the Ninth Amendment Fee Letter)); and

   

  SIXTH, to the Grantors, their successors or assigns, or as a court of competent jurisdiction may otherwise direct.

   

  The Administrative Agent shall have absolute discretion as to the time of application of any such proceeds, moneys or balances in accordance with this Agreement.  Upon any sale of Collateral by the Administrative Agent (including pursuant to a power of sale granted by statute or under a judicial proceeding), the receipt of the Administrative Agent or of the officer making the sale shall be a sufficient discharge to the purchaser or purchasers of the Collateral so sold and such purchaser or purchasers shall not be obligated to see to the application of any part of the purchase money paid over to the Administrative Agent or such officer or be answerable in any way for the misapplication thereof.  The Grantors shall remain liable for any deficiency if the proceeds of any sale or disposition of the Collateral are insufficient to pay all Secured Obligations, including any attorneys’ fees and other expenses incurred by Administrative Agent or any Lender to collect such deficiency.  Notwithstanding the foregoing, the proceeds of any collection, sale, foreclosure or realization upon any Collateral of any Grantor, including any collateral consisting of cash, shall not be applied to any Excluded Swap Obligation of such Grantor and shall instead be applied to other secured obligations.”

   

  7.Representations and Warranties of the Borrowers.  The Borrower Representative and each other Borrower hereby represents and warrants to the Administrative Agent, the Lenders as of the date hereof (determined immediately prior to giving effect to the Tranche D 

  -6-

   

   

  

  Transactions), the Initial Tranche D Lenders and the Delayed Draw Tranche D Lenders as follows:

  (a)Each Borrower is duly authorized to execute and deliver this Amendment and to perform its obligations hereunder;

  (b)The execution, delivery and performance by each Borrower of this Amendment and the consummation of the transactions contemplated hereby is within such Borrower’s corporate or other organizational power and have been duly authorized by all necessary corporate or other organizational action (including by the Governing Board) and, if required, action of the Equity Interest owners, of such Borrower.  This Amendment has been duly executed and delivered by each Borrower and constitutes a legal, valid and binding obligation of each Borrower, enforceable against each Borrower in accordance with its terms, subject to applicable bankruptcy, insolvency, reorganization, moratorium or other laws affecting creditors’ rights generally and to general principles of equity, regardless of whether considered in a proceeding in equity or at law;

  (c)The execution, delivery and performance by each Borrower of this Amendment and the consummation of the transactions contemplated hereby (i) do not require any Governmental Approvals except such as have been obtained or made and are in full force and effect, (ii) will not violate any applicable law, including any order of any Governmental Authority, in any material respect, except to the extent any such violations, individually and in the aggregate, would not reasonably be expected to result in a Material Adverse Effect, (iii) will not violate the Organizational Documents of a Loan Party or any of its Subsidiaries and (iv) will not violate or result (alone or with notice or lapse of time, or both) in a default under any indenture or other agreement or instrument binding upon a Loan Party or any of its Subsidiaries or any of their assets, or give rise to a right thereunder to require any payment, repurchase or redemption to be made by a Loan Party or any of its Subsidiaries, or give rise to a right of, or result in, any termination, cancellation, acceleration or right of renegotiation of any obligation thereunder, in each case except to the extent that the foregoing, individually and in the aggregate, would not reasonably be expected to result in a Material Adverse Effect;

  (d)The representations and warranties of the Borrowers contained in the Amended Credit Agreement, other than the representations set forth in Section 3.04(c) and Section 3.13 of the Amended Credit Agreement, the Collateral Agreement and in each other Loan Document qualified by materiality are true and correct, and those not so qualified are true and correct in all material respects as of the date hereof and after giving effect to this Amendment, in each case, except to the extent such representations and warranties expressly relate to an earlier date (in which case such representations and warranties are true and correct (or true and correct in all material respects, as applicable) as of such earlier date); 

  (e)Except as disclosed by the Company to the Lenders or any of their Related Parties in writing prior to the date hereof, since September 30, 2022, there has been no 

  -7-

   

   

  

  event or condition that has resulted, or would reasonably be expected to result, in a Material Adverse Effect; and

  (f)No Default or Event of Default exists (other than the Specified Events of Default) or would result immediately after giving effect to this Amendment (including consummation of the Tranche D Transactions).

  8.Conditions Precedent to Effectiveness.  This Amendment, and the obligation of the Initial Tranche D Lenders to fund the Initial Tranche D Loans and the obligation of the Delayed Draw Tranche D Lenders to make available the Delayed Draw Tranche D Commitments, in each case, shall become effective on the first date (the “Ninth Amendment Effective Date”) when each of the following conditions precedent have been satisfied:

  (a)The Borrowers, the Initial Tranche D Lenders, the Delayed Draw Tranche D Lenders and each of the Lenders as of the date hereof (determined immediately prior to giving effect to the Tranche D Transactions) shall have executed and delivered to the Administrative Agent this Amendment;

  (b)The Borrower Representative and the other Borrowers party thereto shall have executed and delivered, or caused to be executed and delivered, to the Administrative Agent a Trademark Security Agreement, a Patent Security Agreement and such other documents as the Administrative Agent may request;

  (c)No Default shall have occurred and be continuing under the Credit Agreement immediately prior to giving effect to this Amendment (other than the Specified Events of Default) and no Default shall have occurred and be continuing immediately after giving effect to this Amendment (including consummation of the Tranche D Transactions);

  (d)The Administrative Agent shall have received from each Loan Party a counterpart of the Reaffirmation of Guarantee and Collateral Agreement and the other Loan Documents signed on behalf of such party;

  (e)The Administrative Agent shall have received from the Borrowers any notes required pursuant to Section 2.06(c) of the Credit Agreement signed on behalf of such party;

  (f)The Administrative Agent shall have received such documents and certificates as the Administrative Agent may reasonably request relating to the organization, existence and good standing of each Loan Party, the authorization of the Tranche D Transactions and this Amendment and any other legal matters relating to the Loan Parties, the Loan Documents or the Tranche D Transactions and this Amendment, all in form and substance reasonably satisfactory to the Administrative Agent;

  (g)The Borrower Representative shall have executed and delivered that certain Ninth Amendment Fee Letter, in form and substance reasonably satisfactory to the Administrative Agent, to the Administrative Agent;

  -8-

   

   

  

  (h)The Lenders (including, for the avoidance of doubt, the Initial Tranche D Lenders and the Delayed Draw Tranche D Lenders) and the Administrative Agent shall have received all fees and other amounts due and payable on or prior to the Ninth Amendment Effective Date pursuant to the Credit Agreement, this Amendment and/or the Ninth Amendment Fee Letter, including, to the extent invoiced, payment or reimbursement of all fees and expenses (including reasonable fees, charges and disbursements of each Lender’s counsel and the Administrative Agent’s counsel, as set forth in an invoice delivered to the Company at least one (1) Business Day prior to the Ninth Amendment Effective Date) required to be paid or reimbursed by any Loan Party under any Loan Document or Section 14 hereof;

  (i)The Administrative Agent shall have received a written opinion (addressed to the Administrative Agent and the Lenders and dated the Ninth Amendment Effective Date) of Latham & Watkins LLP, counsel for the Loan Parties, in form and substance reasonably satisfactory to the Administrative Agent;

  (j)The Lenders (including, for the avoidance of doubt, the Initial Tranche D Lenders and the Delayed Draw Tranche D Lenders) and the Administrative Agent shall have received all documentation and other information required by bank regulatory authorities under applicable “know your customer” and anti-money laundering rules and regulations, including the USA PATRIOT Act and the Beneficial Ownership Regulation, including, without limitation, a duly executed IRS Form W-9 (or such other applicable IRS form) of the Borrowers, in each case to the extent requested in writing at least seven (7) days prior to the Ninth Amendment Effective Date;

  (k)The Administrative Agent shall have received a certificate, dated the Ninth Amendment Effective Date and signed by a Responsible Officer of the Loan Parties, confirming (x) that the Collateral and Guarantee Requirement has been satisfied and (y) compliance with the conditions set forth in paragraphs (a) and (b) of Section 4.03 of the Credit Agreement;

  (l)Each FCC License held by the Loan Parties and their Subsidiaries shall be in full force and effect; and

  (m)The representations and warranties set forth in Section 7 shall be true and correct.

  9.Reference to and Effect Upon the Credit Agreement.

  (a)Except as expressly set forth herein, this Amendment shall not by implication or otherwise limit, impair, constitute a waiver of or otherwise affect the rights and remedies of the Lenders or the Administrative Agent under the Credit Agreement or any other Loan Document, and shall not alter, modify, amend or in any way affect any of the terms, conditions, obligations, covenants or agreements contained in the Credit Agreement or any other provision of the Credit Agreement or any other Loan Document, all of which are ratified and affirmed in all respects and shall continue in full force and effect.  Nothing herein shall be deemed to establish a precedent for purposes of 

  -9-

   

   

  

  interpreting the provisions of the Credit Agreement or entitle any Loan Party to a consent to, or a waiver, amendment, modification or other change of, any of the terms, conditions, obligations, covenants or agreements contained in the Credit Agreement or any other Loan Document in similar or different circumstances.  This Amendment shall apply to and be effective only with respect to the provisions of the Credit Agreement and the other Loan Documents specifically referred to herein.

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

  (c)This Amendment shall be deemed a Loan Document for all purposes under the Amended Credit Agreement and the other Loan Documents.

  10.[Reserved.] 

  11.RELEASE.  BY EXECUTION OF THIS AMENDMENT, EACH LOAN PARTY ACKNOWLEDGES AND CONFIRMS THAT SUCH LOAN PARTY DOES NOT HAVE ANY OFFSETS, DEFENSES (OTHER THAN FOR PAYMENT ACTUALLY MADE), CLAIMS OR COUNTERCLAIMS AGAINST ADMINISTRATIVE AGENT OR ANY LENDER, OR ANY OF THEIR SUBSIDIARIES, AFFILIATES, OFFICERS, DIRECTORS, EMPLOYEES, AGENTS, ATTORNEYS, PREDECESSORS, SUCCESSORS OR ASSIGNS WHETHER ASSERTED OR UNASSERTED.  EACH LOAN PARTY AND ITS SUCCESSORS, ASSIGNS, PARENTS, SUBSIDIARIES, AFFILIATES, PREDECESSORS, EMPLOYEES, AGENTS, HEIRS AND EXECUTORS, AS APPLICABLE (COLLECTIVELY, “RELEASING PARTIES”), JOINTLY AND SEVERALLY, RELEASE AND FOREVER DISCHARGE ADMINISTRATIVE AGENT, EACH LENDER AND THEIR RESPECTIVE SUBSIDIARIES, AFFILIATES, OFFICERS, DIRECTORS, EMPLOYEES, AGENTS, ATTORNEYS, SUCCESSORS AND ASSIGNS, FROM ANY AND ALL MANNER OF ACTION AND ACTIONS, CAUSE AND CAUSES OF ACTION, SUITS, DEBTS, CONTROVERSIES, DAMAGES, JUDGMENTS, EXECUTIONS, CLAIMS, COUNTERCLAIMS AND DEMANDS (“CLAIMS”) WHATSOEVER, ASSERTED OR UNASSERTED, IN LAW OR IN EQUITY WHICH THE RELEASING PARTIES EVER HAD OR NOW HAVE UPON OR BY REASON OF ANY MANNER, CAUSE, CAUSES OR THING WHATSOEVER, INCLUDING, WITHOUT LIMITATION, ANY PRESENTLY EXISTING CLAIMS WHETHER OR NOT PRESENTLY SUSPECTED, CONTEMPLATED OR ANTICIPATED, IN EACH CASE ARISING UNDER THE LOAN DOCUMENTS AND BASED IN WHOLE OR IN PART ON FACTS THAT ARE EXISTING ON OR BEFORE THE NINTH AMENDMENT EFFECTIVE DATE; PROVIDED, THAT, WITH RESPECT TO ANY RELEASING PARTIES, THE FOREGOING RELEASE SHALL NOT APPLY TO (W) ANY CLAIMS ARISING AS A RESULT OF NONCOMPLIANCE WITH, OR OTHER MATERIAL BREACH BY, SUCH RELEASEE OF THIS AMENDMENT, (X) ANY CLAIMS RESULTING FROM SUCH RELEASEE’S GROSS NEGLIGENCE, WILLFUL MISCONDUCT OR BAD FAITH, (Y) ANY CLAIMS REGARDING OBLIGATIONS OF SUCH RELEASEE UNDER THIS AMENDMENT 

  -10-

   

   

  

  OR (Z) ANY CLAIMS ARISING FROM DISPUTES ARISING SOLELY AMONG THE RELEASEES THAT DO NOT INVOLVE ANY ACT OR OMISSION BY ANY RELEASING PARTY OR ITS AFFILIATES.  THE PROVISIONS OF THIS SECTION 11 SHALL SURVIVE THE TERMINATION OF THIS AMENDMENT, THE AMENDED CREDIT AGREEMENT, THE COLLATERAL AGREEMENT AND THE OTHER LOAN DOCUMENTS AND THE PAYMENT IN FULL OF THE OBLIGATIONS.  EACH LOAN PARTY WAIVES THE BENEFITS OF ANY LAW, WHICH MAY PROVIDE IN SUBSTANCE: “A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS WHICH THE CREDITOR DOES NOT KNOW OR SUSPECT TO EXIST IN ITS FAVOR AT THE TIME OF EXECUTING THE RELEASE, WHICH IF KNOWN BY IT MUST HAVE MATERIALLY AFFECTED ITS SETTLEMENT WITH THE DEBTOR.” EACH LOAN PARTY UNDERSTANDS THAT THE FACTS WHICH SUCH LOAN PARTY BELIEVES TO BE TRUE AT THE TIME OF MAKING THE RELEASE PROVIDED FOR HEREIN MAY LATER TURN OUT TO BE DIFFERENT THAN SUCH LOAN PARTY NOW BELIEVES, AND THAT INFORMATION WHICH IS NOT NOW KNOWN OR SUSPECTED MAY LATER BE DISCOVERED.  EACH LOAN PARTY ACCEPTS THIS POSSIBILITY, AND EACH OF THEM ASSUMES THE RISK OF THE FACTS TURNING OUT TO BE DIFFERENT AND NEW INFORMATION BEING DISCOVERED; AND EACH LOAN PARTY FURTHER AGREES THAT THE RELEASE PROVIDED FOR HEREIN SHALL IN ALL RESPECTS CONTINUE TO BE EFFECTIVE AND NOT SUBJECT TO TERMINATION OR RESCISSION BECAUSE OF ANY DIFFERENCE IN SUCH FACTS OR ANY NEW INFORMATION.

  12.No Other Modification.  Except as expressly stated in Section 1 hereof, nothing contained herein constitutes a waiver of compliance with any term or condition contained in the Credit Agreement, the Collateral Agreement or any of the other Loan Documents, or constitutes a course of conduct or dealing among the parties hereto.  Except as expressly stated herein, the Administrative Agent and Lenders reserve all rights, privileges and remedies under the Loan Documents. 

  13.Signatures; Counterparts; Integration.  This Amendment may be executed and delivered by facsimile, portable document format (.pdf) or any electronic signature complying with the U.S. federal ESIGN Act of 2000 (including DocuSign), and in multiple counterparts, each of which will be deemed an original, but all of which together will constitute one and the same contract.  This Amendment and the other Loan Documents constitute the entire contract among the parties relating to the subject matter hereof and supersede any and all previous agreements and understandings, oral or written, relating to the subject matter hereof (but do not supersede any provisions of any separate agreements that do not by the terms thereof terminate upon the effectiveness of this Amendment, all of which provisions shall remain in full force and effect).  In the event of any conflict or inconsistency between the provisions of this Amendment and those of any other Loan Document, the provisions of this Amendment shall control; provided further that the inclusion of supplemental rights or remedies in favor of the Administrative Agent or the Lenders in any other Loan Document shall not be deemed a conflict or inconsistency with this Amendment.

  14.Expenses.  The Borrowers agree to reimburse the Lenders (including, for the avoidance of doubt, the Initial Tranche D Lenders and the Delayed Draw Tranche D Lenders) and the Administrative Agent for their reasonable and documented out-of-pocket expenses 

  -11-

   

   

  

  incurred by them in connection with this Amendment, including the reasonable and documented fees, charges and disbursements of Cahill Gordon & Reindel LLP, counsel for certain Lenders, and Sheppard Mullin LLP, counsel for the Administrative Agent, as and when required by Section 9.03 of the Credit Agreement.

  15.Successors and Assigns.  This Amendment shall be binding on, and shall inure to the benefit of, the successors and permitted assigns of the parties hereto.

  16.GOVERNING LAW; JURISDICTION; CONSENT TO SERVICE OF PROCESS; WAIVER OF JURY TRIAL.  THIS AMENDMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK.  The jurisdiction, consent to service of process and waiver of jury trial provisions set forth in Sections 9.09 and 9.10 of the Credit Agreement are hereby incorporated by reference, mutatis mutandis.

  17.Severability.  Any provision of this Amendment held to be invalid, illegal or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such invalidity, illegality or unenforceability without affecting the validity, legality and enforceability of the remaining provisions hereof; and the invalidity of a particular provision in a particular jurisdiction shall not invalidate such provision in any other jurisdiction.

  18.Headings.  The headings of this Amendment are for purposes of reference only and shall not limit or otherwise affect the meaning hereof.

  19.Further Assurances.  Each of the parties shall execute such documents and perform such further acts (including, without limitation, obtaining any consents, exemptions, authorizations, or other actions by, or giving any notices to, or making any filings with, any Governmental Authority or any other Person) as may be reasonably required or desirable to carry out or to perform the provisions of this Amendment.

  [Signature Pages Follow]

   

  -12-

   

   

  

  Execution Version

  IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed as of the date first above written.

   

  STARRY, INC., as the Borrower Representative

   

   

  /s/ Chaitanya Kanojia			__	
By:  Chaitanya Kanojia

  Title:  President

   

   

  STARRY SPECTRUM HOLDINGS LLC, as a Borrower 

   

  By: Starry, Inc. its Sole Member

   

   

  /s/ Chaitanya Kanojia			__	
By:  Chaitanya Kanojia

  Title:  President

   

   

  Starry (MA), Inc., as a Borrower 

   

   

  /s/ Chaitanya Kanojia			__	
By:  Chaitanya Kanojia

  Title:  President

   

   

  STARRY SPECTRUM LLC, as a Borrower 

   

  By: Starry, Inc., its Sole Member

   

   

  /s/ Chaitanya Kanojia			__	
By:  Chaitanya Kanojia

  Title:  President

   

   

  [Starry – Signature Page to Ninth Amendment]

   

  

  TESTCO LLC, as a Borrower 

   

  By Starry, Inc., its Sole Member

   

   

  /s/ Chaitanya Kanojia			__	
By:  Chaitanya Kanojia

  Title:  President

   

   

  WIDMO HOLDINGS LLC, as a Borrower 

   

  By Starry, Inc., its Sole Member

   

   

  /s/ Chaitanya Kanojia			__	
By:  Chaitanya Kanojia

  Title:  President

   

   

  VIBRANT COMPOSITES INC., as a Borrower 

   

   

  /s/ William Lundregan	_____		
By:  William Lundregan

  Title:  President

   

   

  STARRY INSTALLATION CORP., as a Borrower

   

  /s/ William Lundregan	_____		
By:  William Lundregan

  Title:  President

   

   

   

  [Starry – Signature Page to Ninth Amendment]

   

   

  

  Execution Version

  ARROWMARK AGENCY SERVICES LLC, as the Administrative Agent 

   

   

  /s/ Blake Rice					
By:  Blake Rice

  Title: Authorized Signatory 

  [Starry – Signature Page to Ninth Amendment]

   

  

  Execution Version

  “Lenders”

   

  ARROWMARK FUNDAMENTAL OPPORTUNITY FUND, L.P.

   

  By: its General Partner,

  ArrowMark GP, LLC 

   

  /s/ Blake Rice				_____
By:  Blake Rice

  Title: Authorized Signatory

   

   

  ARROWMARK INCOME OPPORTUNITY FUND, LP

   

  By: its General Partner,

  ArrowMark Partners GP3, LLC 

   

  /s/ Blake Rice				_____
By:  Blake Rice

  Title: Authorized Signatory

   

   

  ARROWMARK INCOME OPPORTUNITY FUND QP, LP

   

  By: its General Partner,

  ArrowMark Partners GP5, LLC 

   

  /s/ Blake Rice				_____
By:  Blake Rice

  Title: Authorized Signatory

   

   

  IRON HORSE INVESTMENTS LLC

   

  By: its Investment Advisor,

  ArrowMark Colorado Holdings LLC 

   

  /s/ Blake Rice				_____
By:  Blake Rice

  Title: Authorized Signatory

   

   

   

  [Starry – Signature Page to Ninth Amendment]

   

  

  ARROWMARK SPECIALTY FINANCE LLC

   

  By: its Managing Member,

  ArrowMark Specialty Finance MM LLC 

   

   

  /s/ Blake Rice				_____
By:  Blake Rice

  Title: Authorized Signatory

   

   

  ARROWMARK EQUITY OPPORTUNITY FUND

   

  By: its Investment Advisor,

  ArrowMark Colorado Holdings LLC 

   

   

  /s/ Blake Rice				_____
By:  Blake Rice

  Title: Authorized Signatory

   

   

  CF ASCENT, LLC

   

  By: its Investment Advisor,

  ArrowMark Colorado Holdings LLC 

   

   

  /s/ Blake Rice				_____
By:  Blake Rice

  Title: Authorized Signatory

   

   

  CHARLES URSCHEL TRUST

   

  By: its Investment Advisor,

  ArrowMark Colorado Holdings LLC 

   

   

  /s/ Blake Rice				_____
By:  Blake Rice

  Title: Authorized Signatory

   

   

   

  [Starry – Signature Page to Ninth Amendment]

   

   

  

  CORKINS FAMILY FOUNDATION

   

  By: its Investment Advisor,

  ArrowMark Colorado Holdings LLC 

   

  /s/ Blake Rice				_____
By:  Blake Rice

  Title: Authorized Signatory

   

   

  INTREPID PRODUCTION CORPORATION

   

  By: its Investment Advisor,

  ArrowMark Colorado Holdings LLC 

   

   

  /s/ Blake Rice				_____
By:  Blake Rice

  Title: Authorized Signatory

   

   

  KATHLEEN KAY CORKINS 2013 REVOCABLE TRUST

   

  By: its Investment Advisor,

  ArrowMark Colorado Holdings LLC 

   

   

  /s/ Blake Rice				_____
By:  Blake Rice

  Title: Authorized Signatory

   

   

  KATHLEEN KAY CORKINS 2014 IRREVOCABLE TRUST

   

  By: its Investment Advisor,

  ArrowMark Colorado Holdings LLC 

   

   

  /s/ Blake Rice				_____
By:  Blake Rice

  Title: Authorized Signatory

  [Starry – Signature Page to Ninth Amendment]

   

   

  

  Execution Version

  LARSEN FAMILY, L.P.

   

  By: its Investment Advisor,

  ArrowMark Colorado Holdings LLC 

   

   

  /s/ Blake Rice				_____
By:  Blake Rice

  Title: Authorized Signatory 

   

   

  LOOKFAR INVESTMENTS, LLC

   

  By: its Investment Advisor,

  ArrowMark Colorado Holdings LLC 

   

   

  /s/ Blake Rice				_____
By:  Blake Rice

  Title: Authorized Signatory

   

   

  MICHAEL E. HERMAN REVOCABLE TRUST

   

  By: its Investment Advisor,

  ArrowMark Colorado Holdings LLC 

   

   

  /s/ Blake Rice				_____
By:  Blake Rice

  Title: Authorized Signatory

   

   

  THB IRON ROSE LLC

   

  By: its Investment Advisor,

  ArrowMark Colorado Holdings LLC 

   

   

  /s/ Blake Rice				_____
By:  Blake Rice

  Title: Authorized Signatory

   

   

   

  [Starry – Signature Page to Ninth Amendment]

   

  

  THB IRON ROSE LLC – CAPITAL SOLUTIONS

   

  By: its Investment Advisor,

  ArrowMark Colorado Holdings LLC 

   

   

  /s/ Blake Rice				_____
By:  Blake Rice

  Title: Authorized Signatory

   

   

  1992 LARSEN GRANDCHILDREN’S TRUST

   

  By: its Investment Advisor,

  ArrowMark Colorado Holdings LLC 

   

   

  /s/ Blake Rice				_____
By:  Blake Rice

  Title: Authorized Signatory

   

   

  THE 2008 MIRANDA BAILEY IRREVOCABLE TRUST FBO MIRANDA BAILEY UTA DATED 12-08-2008

   

  By: its Investment Advisor,

  ArrowMark Colorado Holdings LLC 

   

   

  /s/ Blake Rice				_____
By:  Blake Rice

  Title: Authorized Signatory

   

   

   

   

   

   

   

   

   

   

  [Starry – Signature Page to Ninth Amendment]

   

   

  

  THE 2008 RYAN TANNER BAILEY IRREVOCABLE TRUST FBO RYAN TANNER BAILEY UTA DATED 12-08-2008

   

  By: its Investment Advisor,

  ArrowMark Colorado Holdings LLC 

   

   

  /s/ Blake Rice				_____
By:  Blake Rice

  Title: Authorized Signatory

   

   

  THE MICHAEL STOPLER LIVING TRUST #2

   

  By: its Investment Advisor,

  ArrowMark Colorado Holdings LLC 

   

   

  /s/ Blake Rice				_____
By:  Blake Rice

  Title: Authorized Signatory

   

   

  THE STOPLER FAMILY TRUST, UAD 06/03/88

   

  By: its Investment Advisor,

  ArrowMark Colorado Holdings LLC 

   

   

  /s/ Blake Rice				_____
By:  Blake Rice

  Title: Authorized Signatory

    

   

  [Starry – Signature Page to Ninth Amendment]

   

   

  

  BIRCH GROVE CREDIT STRATEGIES MASTER FUND LP

   

   

  /s/ Todd A. Berry				
By:  Todd A. Berry

  Title:  Chief Operating Officer

   

   

  AS BIRCH GROVE INVESTMENTS, LLC

   

   

  /s/ Rodd D. Evonsky				
By:  Rodd D. Evonsky

  Title:  Chief Financial Officer

   

  /s/ Todd A. Berry				
By:  Todd A. Berry

  Title:  Chief Operating Officer

   

   

  SWISS CAPITAL BG OL PRIVATE DEBT FUND LP

   

   

  /s/ Todd A. Berry				
By:  Todd A. Berry

  Title:  Chief Operating Officer

   

   

  SWISS CAPITAL BG OL PRIVATE DEBT OFFSHORE SPC

   

   

  /s/ Todd A. Berry				
By:  Todd A. Berry

  Title:  Chief Operating Officer

   

   

   

   

   

   

   

   

   

  US-DOCS\137769361.4

   IF "" = "1" "Error! Unknown document property name." "" CG&R Draft	Current date:  12/09/2022 9:43 AM	68986901v7

  

  BIRCH GROVE PRIVATE CREDIT OPPORTUNITIES MASTER FUND III LP

   

   

  /s/ Todd A. Berry				
By:  Todd A. Berry

  Title:  Chief Operating Officer

   

   

  SG-STARRY, LLC

   

  By: Alder Companies, LLC (f/k/a Sturm Group, LLC), its Manager

   

   

  /s/ Stephen F. Sturm				
By:  Stephen F. Sturm

  Title:  President & CEO

   

   

  HUNT RE INVESTMENTS, LLC

   

  By: Hunt ELP, Ltd., a Texas limited partnership, its sole Member

   

   

  /s/ Ryan McCrory				
By:  Ryan McCrory

  Title:  Executive Vice President

   

   

  CP ORION HOLDINGS LLC

   

  By: Cloverlay Investment Management, LLC, its Manager

   

  By: Cloverlay Partners Management Company, LLC, its Manager

   

   

  /s/ Jeffrey Collins				
By:  Jeffrey Collins

  Title:  Managing Principal

   

   

   

  US-DOCS\137769361.4

   IF "" = "1" "Error! Unknown document property name." "" CG&R Draft	Current date:  12/09/2022 9:43 AM	68986901v7

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00351-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00351-of-00352.parquet"}]]