Document:

Senior Secured Term Note

Exhibit 10.41

SENIOR SECURED TERM NOTE

THE SECURITIES REPRESENTED HEREBY HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR APPLICABLE STATE SECURITIES LAWS.  THE SECURITIES MAY NOT BE OFFERED FOR SALE, SOLD, TRANSFERRED OR ASSIGNED (I) IN THE ABSENCE OF (A) AN EFFECTIVE REGISTRATION STATEMENT FOR THE SECURITIES UNDER THE SECURITIES ACT OF 1933, AS AMENDED, AND APPLICABLE STATE SECURITIES LAWS, OR (B) AN OPINION OF COUNSEL, IN A GENERALLY ACCEPTABLE FORM, THAT REGISTRATION IS NOT REQUIRED UNDER SAID ACT AND APPLICABLE STATE SECURITIES LAWS OR (II) UNLESS SOLD PURSUANT TO RULE 144 UNDER SAID ACT.  NOTWITHSTANDING THE FOREGOING, THE SECURITIES MAY BE PLEDGED IN CONNECTION WITH A BONA FIDE MARGIN ACCOUNT OR OTHER LOAN OR FINANCING ARRANGEMENT SECURED BY THE SECURITIES, SUBJECT TO COMPLIANCE WITH APPLICABLE FEDERAL AND STATE SECURITIES LAWS.

		
	January 28, 2016

	Principal:  U.S.$1,600,000

FOR VALUE RECEIVED, SOCIAL REALITY, INC., a Delaware corporation (“Social”), Steel Media, a California corporation (“Steel”, together with Social and each other Person that becomes a Borrower under the Financing Agreement (as defined below), collectively, the “Borrowers”) hereby promise to pay to VPC SBIC I, LP or its registered assigns (the “Holder”) the amount set out above as the Principal pursuant to the terms of that certain Financing Agreement dated as of October 30, 2014, by and among the Borrowers, the Guarantors from time to time party thereto, Social, as the Borrower Representative, Victory Park Management, LLC, as administrative agent and collateral agent (in such capacity, the “Agent”), and the Lenders party thereto (together with all exhibits and schedules thereto and as may be amended, restated, modified and supplemented from time to time the “Financing Agreement”). The Borrowers hereby, jointly and severally, promise to pay accrued and unpaid interest and premium, if any, on the Principal on the dates, rates and in the manner provided for in the Financing Agreement. This Senior Secured Term Note (including all Senior Secured Term Notes issued in exchange, transfer, or replacement hereof, this “Note”) is one of the senior secured notes issued pursuant to the Financing Agreement (collectively, the “Notes”). Capitalized terms used and not defined herein are defined in the Financing Agreement. 

This Note is subject to optional redemption and mandatory prepayment on the terms specified in the Financing Agreement, but not otherwise. At any time an Event of Default exists and is continuing, the Principal of this Note, together with all accrued and unpaid interest and any applicable premium due, if any, may be declared or otherwise become due and payable in the manner, at the price and with the effect, all as provided in the Financing Agreement.

All payments in respect of this Note are to be made in lawful money of the United States of America at the Agent’s office in Chicago, Illinois or at such other place as the Agent or the Holder shall have designated by written notice to the Borrower Representative as provided in the Financing Agreement.

This Note may be offered, sold, assigned or transferred by the Holder in accordance with the terms of the Financing Agreement.

This Note is a registered Note and, as provided in the Financing Agreement, upon surrender of this Note for registration of transfer, duly endorsed, or accompanied by a written instrument of transfer duly executed, by the registered Holder hereof or such Holder’s attorney duly authorized in writing, a new Note for a like principal amount will be issued to, and registered in the name of, the transferee. Prior to due presentment for registration of transfer, the Borrowers may treat the person in whose name this Note is registered as the owner hereof for the purpose of receiving payment and for all other purposes, and the Borrowers will not be affected by any notice to the contrary.

This Note shall be construed and enforced in accordance with, and all questions concerning the construction, validity, interpretation and performance of this Note and all disputes arising hereunder shall be governed by, the laws of the State of Illinois, without giving effect to any choice of law or conflict of law provision or rule (whether of the State of Illinois or any other jurisdictions) that would cause the application of the laws of any jurisdictions other than the State of Illinois. The parties hereto (a) agree that any legal action or proceeding with respect to this Note or any other agreement, document, or other instrument executed in connection herewith, shall be 

1

brought in any state or federal court located within Chicago, Illinois, (b) irrevocably waive any objections which either may now or hereafter have to the venue of any suit, action or proceeding arising out of or relating to this Note, or any other agreement, document, or other instrument executed in connection herewith, brought in the aforementioned courts, and (c) further irrevocably waive any claim that any such suit, action, or proceeding brought in any such court has been brought in an inconvenient forum.

THE HOLDER AND THE BORROWERS IRREVOCABLY WAIVE THE RIGHT TO A TRIAL BY JURY IN ANY ACTION OR PROCEEDING BROUGHT TO ENFORCE ANY PROVISION OF THIS NOTE OR ANY OTHER TRANSACTION DOCUMENT.

IN WITNESS WHEREOF, the Borrowers have caused this Note to be duly executed as of the date set out above.

			
	 
	BORROWERS:

	 
	SOCIAL REALITY, INC.,

	 
	a Delaware corporation

	 
	 
	 

	 
	By:

	/s/ Christopher Miglino

	 
	Name:

	Christopher Miglino

	 
	Its:

	CEO

	 
	 
	 

	 
	STEEL MEDIA,

	 
	a California corporation

	 
	 
	 

	 
	By:

	/s/ Christopher Miglino

	 
	Name:

	Christopher Miglino

	 
	Its:

	CEO

2exhibit101thirdamendment

Execution Version   111132808 v10   AMENDMENT NO. 3 TO   SENIOR SECURED SUPERPRIORITY DEBTOR-IN-POSSESSION CREDIT   AGREEMENT   This AMENDMENT NO. 3, dated as of January 26, 2016 (this "Amendment"), to the   Senior Secured Superpriority Debtor-in-Possession Credit Agreement, dated as of July 27, 2015,   among (a) GT Advanced Technologies Inc., a Delaware corporation, as a debtor and debtor-in-   possession (the “Borrower”), (b) certain Subsidiaries of Borrower, each as a debtor and debtor-   possession, as Guarantors party thereto, (c) the lenders party from time to time thereto   (collectively, the "Lenders" and individually, a “Lender”), and (d) Cantor Fitzgerald Securities,   as administrative agent (in such capacity, the "Administrative Agent") and as collateral agent for   the Lenders (in such capacity, the “Collateral Agent” and together with the Administrative   Agent, collectively, the “Agent”) (as amended by that certain Amendment No. 1 to Senior   Secured Superpriority Debtor-in-Possession Credit Agreement, dated as of December 1, 2015   among the Borrower, the Guarantors party thereto, the Lenders party thereto and the Agent and   that certain Amendment No. 2 to Senior Secured Superpriority Debtor-in-Possession Credit   Agreement, dated as of December 10, 2015 among the Borrower, the Guarantors party thereto,   the Lenders party thereto and the Agent, the "Existing DIP Credit Agreement"; the Existing DIP   Credit Agreement, as amended by this Amendment, is referred to herein as the "DIP Credit   Agreement"), is by and among the Borrower, the Guarantors, the Required Lenders and the   Agent.  Unless otherwise defined herein, capitalized terms used herein shall have the meanings   provided in the DIP Credit Agreement.   WHEREAS, Borrower, the Guarantors, the Required Lenders and the Agent desire to   amend certain provisions of the DIP Credit Agreement as provided more fully herein, subject to   the terms and conditions set forth herein.   NOW THEREFORE, in consideration of the mutual agreements contained in the DIP   Credit Agreement and herein and for other good and valuable consideration, the receipt and   sufficiency of which are hereby acknowledged, the parties hereto hereby agree as follows:   Section 1 Amendments to the DIP Credit Agreement.    1.01 Section 6.17 of the DIP Credit Agreement is hereby amended and restated   in its entirety as follows:   “6.17 Milestones.  Comply with the following milestones (unless   extended or waived by the Required Lenders):   (a) On or prior to December 21, 2015, the Debtors shall have filed a   plan of reorganization contemplating a repayment in full in cash of the Facility upon the   consummation of such plan of reorganization (the “Acceptable Plan”) and the disclosure   statement with respect to the Acceptable Plan (the “Disclosure Statement” and together   with the Acceptable Plan, the “Chapter 11 Plan”);   (b) On or prior to February 1, 2016, the Bankruptcy Court shall have   entered an order approving the Disclosure Statement;   EXHIBIT 10.1    

 

2   111132808 v10   (c) On or prior to February 22, 2016, the Bankruptcy Court shall have   entered an order confirming the Chapter 11 Plan; and   (d) On or prior to March 7, 2016, the Effective Date of the Chapter 11   Plan shall have occurred.”   Section 2 Waiver.  The Required Lenders hereby waive any Default or Event of   Default that occurred prior to the Third Amendment Effective Date under Section 6.17(b) of the   Existing DIP Credit Agreement.   Section 3 Representations and Warranties.  The Loan Parties hereby represent   and warrant to the Lenders and the Administrative Agent as follows:   3.01 No Default.  At and as of the date of this Amendment and both prior to   and after giving effect to this Amendment, no Default or Event of Default has occurred and is   continuing except for the Default and/or Event of Default referenced in Section 2 above.     3.02 Representations and Warranties True and Correct.  At and as of the   date of this Amendment and giving effect to this Amendment, each of the representations and   warranties made by any Loan Party in or pursuant to the Loan Documents shall true and correct   in all material respects (except that such materiality qualifier shall not be applicable to any   representations or warranties that already are qualified or modified as to materiality or "Material   Adverse Effect" in the text thereof, which representations and warranties shall be true and correct   in all respects subject to such qualification) with the same effect as if then made (unless stated to   relate solely to an earlier date, in which case such representations and warranties shall be true   and correct in all material respects (except that such materiality qualifier shall not be applicable   to any representations or warranties that already are qualified or modified as to materiality or   "Material Adverse Effect" in the text thereof, which representations and warranties shall be true   and correct in all respects subject to such qualification) as of such earlier date).   3.03 Power, Authorization; Enforceable Obligations.  Each Loan Party has   the power and authority, and the legal right, to make, deliver and perform the Amendment.  Each   Loan Party has taken all necessary organizational action to authorize the execution, delivery and   performance of the Amendment.  No authorization or approval or other action by, and no notice   to or filing with, any Governmental Authority or other Person (other than those that have been,   or on the Third Amendment Effective Date will be, duly obtained or made and that are, or on the   Third Amendment Effective Date will be, in full force and effect) is required for the due   execution, delivery or performance by any Loan Party of this Amendment.  The Amendment has   been duly executed and delivered on behalf of each Loan Party.  This Amendment constitutes, a   legal, valid and binding obligation of each Loan Party, enforceable against each such Loan Party   in accordance with its terms, except as enforceability may be limited by applicable bankruptcy,   insolvency, reorganization, moratorium or similar laws affecting the enforcement of creditors’   rights generally and by general equitable principles (whether enforcement is sought by   proceedings in equity or at law).   Section 4 Conditions.  This Amendment shall become effective and be deemed   effective as of the date when, and only when, all of the following conditions have been satisfied     

 

3   111132808 v10   as determined in the Agent's and the Required Lenders' discretion (the date of such effectiveness   being herein called the "Third Amendment Effective Date"):   (a) Amendment.  The Agent shall have received this Amendment,   duly executed by the Borrower, the Guarantors, the Required Lenders and the Administrative   Agent.   Section 5 Miscellaneous.   5.01 Continuing Effect.  Except as specifically provided herein, the DIP Credit   Agreement and the other Loan Documents shall remain in full force and effect in accordance   with their respective terms and are hereby ratified and confirmed in all respects.   5.02 No Waiver.  This Amendment shall be effective only in this specific   instance for the specific purpose set forth herein.  Except as otherwise expressly provided herein,   the DIP Credit Agreement and the other Loan Documents are, and shall continue to be, in full   force and effect and are hereby ratified and confirmed in all respects.  Except as expressly   provided herein, the execution, delivery and effectiveness of this Amendment shall not operate   as an amendment or waiver of any right, power or remedy of the Agent or the Lenders under the   DIP Credit Agreement or any other Loan Document, nor constitute an amendment or waiver of   any provision of the DIP Credit Agreement or any other Loan Document, nor constitute a waiver   of, or consent to, any Default or Event of Default now existing or hereafter arising under the DIP   Credit Agreement or any other Loan Document and the Agent and the Lenders expressly reserve   all of their rights and remedies under the DIP Credit Agreement and the other Loan Documents,   under applicable law or otherwise.   5.03 Loan Document.  This Amendment is a Loan Document under and as   defined in the DIP Credit Agreement.   5.04 Governing Law.  THIS AMENDMENT AND THE RIGHTS AND   OBLIGATIONS OF THE PARTIES HEREUNDER SHALL BE GOVERNED BY, AND   SHALL BE CONSTRUED AND ENFORCED IN ACCORDANCE WITH, THE LAWS OF   THE STATE OF NEW YORK WITHOUT REGARD TO CONFLICT OF LAWS PRINCIPLES   (OTHER THAN SECTIONS 5-1401 AND 5-1402 OF THE NEW YORK GENERAL   OBLIGATIONS LAW) THEREOF, EXCEPT AS GOVERNED BY THE BANKRUPTCY   CODE.   5.05 Counterparts.  This Amendment may be executed in any number of   counterparts and by different parties on separate counterparts, each of which, when executed and   delivered, shall be deemed to be an original, and all of which, when taken together, shall   constitute but one and the same Amendment.  Delivery of an executed counterpart of a signature   page of this Amendment by telecopy or other electronic imaging means shall be effective as   delivery of a manually executed counterpart of this Amendment.     5.06 Headings.  Headings and numbers have been set forth herein for   convenience only.  Unless the contrary is compelled by the context, everything contained in each   Section applies equally to this entire Amendment.     

 

4   111132808 v10   5.07 Binding Effect; Assignment.  This Amendment shall be binding upon   and inure to the benefit of the Loan Parties, the Administrative Agent and the Lenders and their   respective successors and assigns in accordance with the terms of the DIP Credit Agreement.   5.08 Integration.  This Amendment, including the DIP Credit Agreement, and   the other Loan Documents incorporate all negotiations of the parties hereto with respect to the   subject matter hereof and thereof and are the final expression and agreement of the parties hereto   and thereto with respect to the subject matter hereof and thereof.  This Amendment, including   the DIP Credit Agreement, and the other Loan Documents represent the agreement of the parties   hereto with respect to the subject matter hereof and thereof, and there are no promises,   undertakings, representations or warranties by any party hereto or thereto relative to the subject   matter hereof or thereof not expressly set forth or referred to herein or therein.   5.09 Guarantor Acknowledgment.  Each of the undersigned Guarantors   hereby acknowledges and agrees to the terms of this Amendment and confirms that the Guaranty   and any other Loan Document to which such Guarantor is a party remains in full force and effect   after giving effect to this Amendment and continues to be the valid and binding obligation of the   undersigned, enforceable against the undersigned in accordance with its terms.   5.10 Reaffirmation; Ratification.  Each of Loan Parties hereby reaffirms its   obligations under each Loan Document to which it is a party.  Each Loan Party hereby further   ratifies and reaffirms the validity and enforceability of all of the Liens and security interests   heretofore granted, pursuant to and in connection with the Collateral Documents or any other   Loan Document as collateral security for the obligations under the Loan Documents in   accordance with their respective terms, and acknowledges that all of such Liens and security   interests, and all Collateral heretofore pledged as security for such obligations, continue to be   and remain collateral for such obligations from and after the date hereof.   5.11 Expenses.  The Borrowers will pay all fees, costs and expenses pursuant   to Section 11.04 of the DIP Credit Agreement.   5.12 Instruction to Administrative Agent and Collateral Agent.    Each of   the Lenders signatory hereto (constituting Required Lenders) directs the Administrative Agent   and the Collateral Agent to execute this Amendment and authorize the Administrative Agent and   the Collateral Agent to take action as agent on its behalf and to exercise such powers and   discretion under the DIP Credit Agreement and the other Loan Documents as are delegated to the   Administrative Agent and the Collateral Agent  by the terms thereof, together with such powers   and discretion as are reasonably incidental thereto.  The Borrower and Lenders agree that the   indemnifications provided in Section 11.04 of the Credit Agreement apply to the foregoing   instruction and the execution of this Amendment.   [Remainder of page intentionally left blank.]     

 

[Signature Page to DIP Amendment No. 3]   IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be   executed by their respective officers thereunto duly authorized, as of the date first above written.   BORROWER:      GT ADVANCED TECHNOLOGIES INC.      By:    Name: Hoil Kim   Title: Vice President, Chief Administrative     Officer, General Counsel and Secretary     

 

[Signature Page to DIP Amendment No. 3]      GUARANTORS:      GTAT CORPORATION      By:    Name: Hoil Kim   Title: Vice President, Chief Administrative     Officer, General Counsel and Secretary         GT ADVANCED EQUIPMENT HOLDING LLC      By:    Name: Michele Rayos   Title: Treasurer          GT EQUIPMENT HOLDINGS, INC.      By:    Name: Hoil Kim   Title: Vice President and Secretary          LINDBERGH ACQUISITION CORP.      By:    Name: Hoil Kim   Title: Vice President, General Counsel     and Secretary           

 

    

 

[Signature Page to DIP Amendment No. 3]      GUARANTORS:         GT SAPPHIRE SYSTEMS HOLDING LLC      By:    Name: Hoil Kim   Title: Vice President, General Counsel     and Secretary         GT ADVANCED CZ LLC      By:    Name: Hoil Kim   Title: Vice President, General Counsel     and Secretary         GT SAPPHIRE SYSTEMS GROUP LLC      By:    Name: Hoil Kim   Title: Vice President, General Counsel     and Secretary         GT ADVANCED TECHNOLOGIES   LUXEMBOURG S.À R.L.      By:    Name: Hoil Kim   Title: Manager          GTAT IP HOLDINGS LLC      By:    Name: Hoil Kim   Title: Vice President, General Counsel     and Secretary           

 

    

 

    

 

LENDER:   JEFFERIES LEVERAGED CREDIT PRODUCTS, LLC   By: ,~/~`   Name: ~//i~.. 1~. ~ ~L~~~ti ~.;~   Title: ~ U~'   [Signature Page to DIP Amendment No. 3]    

 

LENDER:   LATIGO ULTRA MASTER FUND, LTD   LATIGO ADVISORS MASTER FUND, LTD   CROWN MANAGED ACCOUNTS SPC acting for   and on behalf of CrownlLatigo Segregated portfolio   By: Latigo Partners LP   By:   ___   Name:   ____________________   Title: ed SCJnCYJ   LATIGO PARTNERS MA2, L.P.   By: Latigo GP LLC   By:   __________________   Name: mvci 5kx1-h   Title: kroi?ec Ji C)V,C1frV1   [Signature Page to DIP Amendment No. 3]    

 

    

 

    

 

    

 

    

 

LENDER:   PRIVET GTAT FUNDING LLC   By:   Name:   Title:   [Signature Page to DIP Amendment No. 3]

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00253-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00253-of-00352.parquet"}]]