Document:

Exhibit
10.2

 

Execution

 

AMENDMENT
NO. 3 TO SECOND AMENDED AND RESTATED NOTE PURCHASE AGREEMENT

 

This
AMENDMENT NO. 3 TO SECOND AMENDED AND RESTATED NOTE PURCHASE AGREEMENT (this “Amendment No. 3”) is made and
entered into as of December 6, 2021, by and among theMaven, Inc., a Delaware corporation (the “Borrower”), the Guarantors
from time to time party to the Note Purchase Agreement (as defined below), each of the Purchasers from time to time named on Schedule
I to the Note Purchase Agreement, and BRF Finance Co., LLC, in its capacity as agent for the Purchasers (in such capacity, “Agent”).
Capitalized terms used herein without definition shall have the respective meanings assigned to such terms in the Note Purchase Agreement,
as amended hereby.

 

WHEREAS,
pursuant to the Second Amended and Restated Note Purchase Agreement dated as of March 24, 2020 (as amended, restated, supplemented or
otherwise modified from time to time, the “Note Purchase Agreement”), by and among the Borrower, the Guarantors from
time to time party thereto, the Purchasers from time to time party thereto and the Agent, the Purchasers have purchased certain Notes
from the Borrower, and the Guarantors have guaranteed the payment of the Obligations, all upon the terms and subject to the conditions
set forth therein; and

 

WHEREAS,
the Borrower has requested that the Purchasers and the Agent make certain additional amendments to the Note Purchase Agreement, including,
among other things, to increase the permitted Indebtedness of the Note Parties arising under the Fast Pay Indebtedness Documents to $25,000,000.00.

 

NOW,
THEREFORE, in consideration of the foregoing, and for other good and valuable consideration, the receipt and sufficiency of which
are hereby acknowledged, the parties hereby agree as follows:

 

	I.	AMENDMENTS
                                            TO NOTE PURCHASE AGREEMENT ON THE AMENDMENT NO. 3 EFFECTIVE DATE:

 

Effective
as of the Amendment No. 3 Effective Date, the Note Purchase Agreement is amended as follows:

 

(1)       Definitions.

 

Section
1.1 of the Note Purchase Agreement is amended by amending and restating the following definition in its entirety, or adding the following
new definitions in appropriate alphabetical order, as indicated below in brackets following such definitions:

 

“Fast
Pay Intercreditor Agreement” means that certain intercreditor agreement dated as of February 24, 2020 (as amended, restated,
supplemented or otherwise modified from time to time), by and among the Agent, Fast Pay Partners LLC and the Note Parties. [Restated
Definition]

 

(2)       Amended
Provision.

 

(a)       Amendment
to Section 7.1(F). Section 7.1(F) of the Note Purchase Agreement is amended and restated in its entirety as follows:

 

“(F)Indebtedness
of the Note Parties arising under the Fast Pay Indebtedness Documents in an aggregate principal amount not to exceed $25,000,000.00;”

 

     

     

    

 

	II.	CONDITIONS
                                            TO EFFECTIVENESS:

 

This
Amendment No. 3 shall become effective as of the first date upon which each of the following conditions is satisfied (the “Amendment
No. 3 Effective Date”):

 

(1)       Amendment
Documents. The Borrower shall have delivered or caused to be delivered to the Agent this Amendment No. 3.

 

(2)       Third
Amendment to Financing and Security Agreement. The Borrower shall have delivered or caused to be delivered that certain Third Amendment
to Financing and Security Agreement, dated as of the Amendment No. 3 Effective Date (the “Fast Pay Third Amendment”),
by and among, among others, the Borrower and Fast Pay Partners, LLC, which shall be in form and substance satisfactory to the Agent,
dully executed by each of the parties thereto.

 

(3)       Representations
and Warranties. The representations and warranties set forth in the Note Purchase Agreement and the other Note Documents shall be
true and correct in all material respects (or in all respects with respect to any representation or warranty which by its terms is limited
as to materiality, in each case, after giving effect to such qualification) on and as of the Amendment No. 3 Effective Date.

 

(4)       No
Default. Both before and after giving effect to the Amendment No. 3 and the transactions contemplated thereby, no event shall have
occurred or be continuing or would result from the amendments contemplated hereby that would constitute an Event of Default or a Default.

 

(5)       No
Prohibition. No order, judgment or decree of any court, arbitrator or Governmental Authority shall purport to enjoin or restrain
Agent or any Purchaser from entering into this Amendment No. 3 or consummating the transactions contemplated hereby.

 

(6)       Fees
and Expenses. The Borrower shall have paid all documented or invoiced fees, costs and expenses due and payable on or prior to the
Amendment No. 3 Effective Date under the Note Purchase Agreement and the other Note Documents.

 

	III.	MISCELLANEOUS:

 

(1)       Consent.
In satisfaction of Section 7.12 of the Note Purchase Agreement, the Agent hereby consents to the Fast Pay Third Amendment.

 

(2)       Ratification,
Etc. Except as expressly amended hereby, the Note Purchase Agreement and the other Note Documents and all documents, instruments
and agreements related thereto are hereby ratified and confirmed in all respects and shall continue in full force and effect. This Amendment
No. 3 and the Note Purchase Agreement shall hereafter be read and construed together as a single document, and all references in the
Note Purchase Agreement, any other Note Document or any agreement or instrument related to the Note Purchase Agreement shall hereafter
refer to the Note Purchase Agreement as amended by this Amendment No. 3. This Amendment No. 3 shall constitute a Note Document for all
purposes of the Note Purchase Agreement and the other Note Documents.

 

(3)       Reaffirmation.
Each of the Note Parties as borrower, debtor, grantor, chargor, pledgor, assignor, guarantor, or in other any other capacity in which
such Note Party grants Liens or security interests in its property, assets or undertakings or acts as a guarantor or co-obligor, as the
case may be, hereby (a) ratifies and reaffirms all of its payment and performance obligations, contingent or otherwise, under each of
the Note Documents to which it is a party and (b) to the extent such Note Party granted Liens on or security interests in any of its
property, assets or undertakings pursuant to any such Note Document as security for or otherwise guaranteed the Obligations, ratifies
and reaffirms such guarantee and grant of security interests and Liens and confirms and agrees that such security interests and Liens
shall continue in full force and effect and ranks as continuing security for the payment and discharge of the liabilities and obligations
secured or guaranteed thereunder (as the case may be) including, without limitation, all of the Obligations as amended hereby.

 

    -2- 

     

    

 

(4)       No
Waiver. Nothing contained in this Amendment No. 3 shall be deemed to (a) constitute a waiver of any Default or Event of Default that
may hereafter occur or heretofore have occurred and be continuing, (b) except as a result of the amendments expressly set forth in Section
I of this Amendment No. 3, otherwise modify any provision of the Note Purchase Agreement or any other Note Document, or (c) give
rise to any defenses or counterclaims to the Agent’s or any Purchaser’s right to compel payment of the Obligations when due
or to otherwise enforce their respective rights and remedies under the Note Purchase Agreement and the other Note Documents.

 

(5)       Release.
Each Note Party hereby remises, releases, acquits, satisfies and forever discharges the Agent and the Purchasers, their agents, employees,
officers, directors, predecessors, attorneys and all others acting on behalf of or at the direction of the Agent or the Purchasers, of
and from any and all manner of actions, causes of action, suit, debts, accounts, covenants, contracts, controversies, agreements, variances,
damages, judgments, claims and demands whatsoever, in law or in equity, which any of such parties ever had, or now has, to the extent
arising from or in connection with any act, omission or state of facts taken or existing on or prior to the Amendment No. 3 Effective
Date, against the Agent and the Purchasers, their agents, employees, officers, directors, attorneys and all persons acting on behalf
of or at the direction of the Agent or the Purchasers (“Releasees”), for, upon or by reason of any matter, cause or
thing whatsoever arising under, or in connection with, or otherwise related to, the Note Documents through the Amendment No. 3 Effective
Date. Without limiting the generality of the foregoing, each Note Party hereby waives and affirmatively agrees not to allege or otherwise
pursue any defenses, affirmative defenses, counterclaims, claims, causes of action, setoffs or other rights they have or may have under,
or in connection with, or otherwise related to, the Note Documents as of the Amendment No. 3 Effective Date, including, but not limited
to, the rights to contest any conduct of the Agent, the Purchasers or other Releasees on or prior to the Amendment No. 3 Effective Date.

 

(6)       Governing
Law. THIS AMENDMENT NO. 3 SHALL BE GOVERNED BY, AND SHALL BE CONSTRUED AND ENFORCED IN ACCORDANCE WITH, THE INTERNAL LAWS OF THE
STATE OF NEW YORK, EXCEPT TO THE EXTENT ANY SUCH OTHER NOTE DOCUMENT EXPRESSLY SELECTS THE LAW OF ANOTHER JURISDICTION AS GOVERNING LAW
THEREOF, IN WHICH CASE THE LAW OF SUCH OTHER JURISDICTION SHALL GOVERN.

 

(7)       Counterparts;
Effectiveness. This Amendment No. 3 may be executed via facsimile or other electronic method of transmission in any number of counterparts
and by different parties hereto in separate counterparts, each of which when so executed and delivered shall be deemed an original, but
all of which counterparts together shall constitute one and the same instrument.

 

[Signature
Pages Follow]

 

    -3- 

     

    

 

IN
WITNESS WHEREOF, each of the undersigned has duly executed this Amendment No. 3 to Note Purchase Agreement as of the date first set
forth above.

 

	 	NOTE PARTIES:
	 	 	 
	 	theMaven, Inc., as the Borrower
	 	 	 
	 	By:	/s/
    Douglas B. Smith
	 	Name:	Douglas
    B. Smith
	 	Title:	Chief
    Financial Officer
	 	 	 
	 	Maven Coalition, Inc., as a Guarantor
	 	 	 
	 	By:	/s/
    Douglas B. Smith
	 	Name:	Douglas
    B. Smith
	 	Title:	Chief
    Financial Officer
	 	 	 
	 	THESTREET, INC., as a Guarantor
	 	 	 
	 	By:	/s/
    Douglas B. Smith
	 	Name:	Douglas
    B. Smith
	 	Title:	Chief
    Financial Officer
	 	 	 
	 	MAVEN MEDIA BRANDS, LLC, as a Guarantor
	 	 	 
	 	By:	/s/
    Douglas B. Smith
	 	Name:	Douglas
    B. Smith
	 	Title:	Chief
    Financial Officer
	 	 	 
	 	COLLEGE SPUN MEDIA INCORPORATED, as a Guarantor
	 	 	 
	 	By:	/s/
    Douglas B. Smith
	 	Name:	Douglas
    B. Smith
	 	Title:	Chief
    Financial Officer
	 	 	 
	 	AGENT AND PURCHASERS:
	 	 	 
	 	BRF FINANCE CO., LLC,
	 	 	as
    Agent and a Purchaser
	 	 	 
	 	By:	/s/
    Dan Shribman
	 	Name:	Dan
    Shribman
	 	Title:	CIO

 

[Signature
Page – Amendment No. 3 to Second Amended and Restated Note Purchase Agreement]Document

Exhibit 4.1

As of September 30, 2021, SIFCO Industries, Inc (“SIFCO,” “we,” “us,” “our,” and the “Company”) has one class of securities registered under Section 12 of the Securities Exchange Act of 1934, as amended: our Common Shares.

DESCRIPTION OF COMMON SHARES

The following description of our Common Shares is a summary of the material terms and provisions that apply to our Common Shares. The summary does not purport to be complete. The summary is subject to and qualified in its entirety by reference to our Third Amended Articles of Incorporation (“Articles of Incorporation”) and our Amended and Restated Code of Regulations (“Code of Regulations”), which are filed as exhibits to our Annual Report on Form 10-K and are incorporated by reference herein. We encourage you to carefully review our Articles of Incorporation and our Code of Regulations, for additional information.

Authorized Capital Stock

Under the Company’s Articles of Incorporation, the Company’s authorized capital shares consist of 10,000,000 shares of Common Shares, $1.00 par value per share (“Common Shares”). The outstanding shares of our Common Shares are fully paid and nonassessable.

Common Shares 

The Board of Directors of the Company is authorized to cause Common Shares to be issued in one or more series and with respect to each series may set the designation of the series, the number of shares of the series, the annual dividend rate of the series, the dates at which dividends, if declared, shall be payable, the redemption rights and price or prices, the terms and amount of any sinking fund provided for the purchase or redemption of shares of the series, the amounts payable on shares of the series in the event of any voluntary or involuntary liquidation, dissolution or winding up of the affairs of the Company, whether the shares are convertible into Common Shares and if so the conversion price, and any restrictions on the issuance of shares of the same series or any other class or series.  

Holders of the Company’s Common Shares are entitled to: 

Voting Rights

◦one vote per share on all matters to be voted on by such holders, including the election of directors. The Common Shares are subject to the express terms (including with respect to voting rights) of Serial Preferred Shares and any series thereof, if any (of which the Company does not have any outstanding as of September 30, 2021).

Dividend Rights

◦subject to the (i) preference of any “Serial Preferred Shares,” if any (of which the Company does not have any outstanding as of September 30, 2021) and (ii) rights of the holders of outstanding shares of Common Shares, receive dividends, if any, as may be declared from time to time by our Board of Directors, in its discretion, out of funds legally available for the payment of dividends. Dividends are to be cumulative for all Common Shares in the same series. When such dividends are declared for Common Shares, such proportionate dividend for the same quarterly period and in proportion to the respective annual dividend rate shall be paid or set aside for all Common Shares. 

Liquidation Rights

◦subject to the (i) preference of any “Serial Preferred Shares,” if any (of which the Company does not have any outstanding as of September 30, 2021) and (ii) rights of the holders of outstanding shares of Common 

Exhibit 4.1

Shares, share ratably in all assets legally available for distribution to our shareholders in the event of our liquidation, dissolution or winding up, either voluntary or involuntary.

Holders of the Company’s Common are Shares are not entitled to: 

Voting Rights

◦cumulative voting rights.

Other Rights and Preferences

◦preemptive rights or the right to convert their Common Shares into any other securities. There are no redemption or sinking fund provisions applicable to our Common Shares.

Transfer Agent and Registrar

◦Computershare, Inc. is the transfer agent and registrar for the Company’s Common Shares.

Exchange Listing

◦Our Common Shares are traded on the New York Stock Exchange under the symbol “SIF.”

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