Document:

Exhibit 10.1

 

FIRST AMENDMENT TO AMENDED AND RESTATED
CREDIT AGREEMENT

 

THIS FIRST AMENDMENT
TO AMENDED AND RESTATED CREDIT AGREEMENT (this “First Amendment”) is made and entered into as of the 8th
day of June, 2017, by and among:

 

(i)         JAMES
RIVER GROUP HOLDINGS, LTD., a Bermuda company (the former company name of which is Franklin Holdings (Bermuda), Ltd.), and JRG
REINSURANCE COMPANY LTD., a regulated insurance company domiciled in Bermuda (each a “Borrower” and, collectively,
the “Borrowers”);

 

(ii)        THE
FINANCIAL INSTITUTIONS listed as lenders on the signature pages hereto and their successors and assigns (each a “Lender”
and, collectively, the “Lenders”); and

 

(iii)      KEYBANK
NATIONAL ASSOCIATION, a national banking association, in its capacity as “Administrative Agent” under the Credit Agreement
(defined below).

 

Recitals:

 

A.           The
Borrowers, the Lenders and the Administrative Agent and certain other parties are the parties to that certain Amended and Restated
Credit Agreement dated as of December 7, 2016 (the “Credit Agreement”), pursuant to which, inter alia,
the Lenders agreed, subject to the terms and conditions thereof, to advance Loans (as this and other capitalized terms used herein
and not otherwise defined herein are defined in the Credit Agreement) to the Borrowers; and the Letter of Credit Issuer agreed,
subject to the terms and conditions thereof, to issue Letters of Credit.

 

B.           The
Borrowers have requested the Lenders to agree to certain amendments to the Credit Agreement; and upon and subject to the terms
and conditions of this First Amendment, the Lenders have agreed with such request.

 

     

     

    

 

Agreements:

 

NOW, THEREFORE, in
consideration of the foregoing Recitals and the mutual agreements hereinafter set forth, the Borrowers, the Lenders and the Administrative
Agent, intending to be legally bound, hereby agree as follows:

 

1.            Amendments
to the Credit Agreement. Subject to the terms and conditions of this First Amendment, including, without limitation, Paragraph
2, below, the Credit Agreement is hereby amended as follows:

 

(A)         The
definition of the term “Adjusted Consolidated Debt” in Section 1.01 of the Credit Agreement is hereby amended and restated
in its entirety to provide as follows:

 

“Adjusted
Consolidated Debt” means, as of any date, Consolidated Debt of the Parent (of the type described in any or all of clauses
(a), (b), (c), (d), (e), (h) and (i) of the definition of “Debt”, but:

 

(i)          as
to clause (b) of such definition of Debt, excluding Hybrid Securities, except to the extent that the aggregate amount outstanding
on any date of determination of all such Hybrid Securities exceeds an amount equal to fifteen percent (15%) of Total Capitalization
on such date (or, if such date is not a Fiscal Quarter-end, as of the end of the Fiscal Quarter most recently ended for which financial
statements are required to have been furnished to the Administrative Agent pursuant to Section 5.01) and

 

(ii)         as
to clause (i) of such definition of Debt, only to the extent that it is an unpaid obligation in respect of a letter of credit or
letter of guaranty that is then due and payable (and not contingent) on such date.

 

(B)         Clause
(b) of the definition of the term “Debt” in Section 1.01 of the Credit Agreement is hereby amended and restated in
its entirety to provide as follows:

 

(b)          all
obligations of such Person evidenced by bonds, debentures, notes (including, without limitation, Hybrid Securities) or similar
instruments,

 

(C)         Clause
(b) of the definition of the term “Payment Guaranty” in Section 1.01 of the Credit Agreement is hereby amended by restating
the reference therein to “James River” to be “James River UK.”

 

    	 	2	 

     

    

 

(D)         The
definition of the term “Total Capitalization” in Section 1.01 of the Credit Agreement is hereby amended and restated
in its entirety to provide as follows:

 

“Total
Capitalization” means, as of any date, the aggregate of, without duplication, (a) Consolidated Debt of the Parent, of
the type described in any or all of clauses (a), (b) (which, by way of clarification and not limitation, shall include Hybrid Securities),
(c), (d), (e) and (h) of the definition of “Debt” on such date, plus (b) Consolidated Net Worth of the Parent,
on such date.

 

(E)         Sub-clauses
(i) and (ii) of clause (b) of the definition of the term “Change in Control” in Section 1.01 of the Credit Agreement
are hereby amended and restated in their entirety to provide, respectively, as follows:

 

(i) 50% of the aggregate ordinary
voting power represented by the issued and outstanding Equity Interests in the Parent and (ii) 50% of the aggregate economic interests
represented by the issued and outstanding Equity Interests in the Parent;

 

(F)         (1)
The word “or” is added to the end of clause (d) of the definition of the term “Change in Control” in Section
1.01 of the Credit Agreement; (2) the word “or” and the semi-colon following it are deleted from the end of clause
(e) of such definition and a period is inserted in their place and stead; and (3) clause (f) of such definition is deleted in its
entirety.

 

(G)         The
definition of the term “Fiscal Quarter Increase” in Section 1.01 of the Credit Agreement is hereby amended and restated
in its entirety to provide as follows:

 

“Fiscal
Quarter Increase” means, as to any Fiscal Quarter, the sum of (a) the greater of (i) an amount equal to thirty-seven
and one-half percent (37.50%) of the Parent’s Consolidated net, after tax earnings (determined in accordance with GAAP) for
such Fiscal Quarter and (ii) zero dollars ($0) and (b) an amount equal to thirty-seven and one-half percent (37.50%) of Net Available
Proceeds received by the Parent or any of its Subsidiaries in such Fiscal Quarter.

 

(H)         Clause
(i) of the definition of the term “Permitted Acquisition” in Section 1.01 of the Credit Agreement is hereby amended
and restated in its entirety to provide as follows:

 

(i)          the
aggregate consideration (including assumed Debt) for such Acquisition shall not exceed an amount equal to fifty percent (50%) of
Consolidated Net Worth as of the end of the Fiscal Quarter most recently ended prior to the date on which such

 

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Acquisition is consummated for
which financial statements are required to have been furnished to the Administrative Agent pursuant to Section 5.01.

 

(I)           (1)
The word “and” is added to the end of clause (h) of the definition of the term “Permitted Acquisition”
in Section 1.01 of the Credit Agreement; and (2) clause (j) of such definition is deleted in its entirety.

 

(J)           The
following provisions are hereby added to Section 1.01 as new defined terms in the appropriate alphabetical order:

 

“Guarantor
Guaranteed Amount” means at any time, without duplication, the aggregate principal amount of all Debt for which Guarantees
have been made by any and all Guarantors under Section 6.04(a)(iv)(C) that is outstanding at such time; provided, however,
that, by way of clarification and not limitation, the Guarantor Guaranteed Amount shall not apply to a Guarantee made by JRG Reinsurance
of Debt of the Parent under Section 6.04(a)(iv)(D).

 

*           *           *

 

“Hybrid
Securities” means (a) the Restatement Effective Date Trust Preferred Securities and (b) any so-called ‘hybrid preferred
securities’ consisting of other Trust Preferred Securities, deferrable interest Subordinated Debt, mandatory convertible
debt or other hybrid securities (i) that are shown on the Consolidated financial statements of the Parent as liabilities, (ii)
that, if evaluated by S&P, would be classified by S&P as possessing a minimum of intermediate equity content or, if evaluated
by Moody’s, would be classified as possessing Basket C equity credit, and (iii) that, by their terms (or by the terms of
any security into which they are convertible or for which they are exchangeable) or upon the happening of any event or otherwise,
does not mature, are not mandatorily redeemable and are not subject to any mandatory repurchase requirement at any time earlier
than December 7, 2022.

 

*           *           *

 

“Subsidiary
Debt Amount” means at any time, without duplication, the aggregate principal amount of Debt incurred by any and all Subsidiaries
(other than JRG Reinsurance) under Section 6.01(a)(viii) that is outstanding at such time.

 

(K)         Section
2.01(a) of the Credit Agreement is hereby amended and restated in its entirety to provide as follows:

 

(a)          Subject
to the terms and conditions set forth in this Agreement, each Lender having a Secured Facility Commitment agrees, from time to
time during the Revolving Availability Period, to purchase participations in Secured Facility Letters of Credit, on a

 

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secured basis (the “Secured
Facility”); provided that no Secured Facility Letter of Credit shall at any time result in (i) such Lender’s
Secured Facility Exposure exceeding the lesser of (A) its Secured Facility Commitment and (B) its Percentage of the aggregate Collateral
Value of the Eligible Collateral then held by the Administrative Agent, or (ii) the Total Outstanding Secured Facility Amount exceeding
the lesser of (A) the Total Secured Facility Commitment then in effect and (B) the aggregate Collateral Value of the Eligible Collateral
then held by the Administrative Agent. Within the foregoing limits and subject to the terms and conditions set forth herein, the
Borrowers may request Secured Facility Letters of Credit. Loans shall not be available under the Secured Facility.

 

(L)         Section
2.01(c) of the Credit Agreement is hereby amended and restated in its entirety to provide as follows:

 

(c)          [Reserved];

 

(M)        Section
2.09(a) of the Credit Agreement is hereby amended and restated in its entirety to provide as follows:

 

(a) Each Borrower jointly and
severally unconditionally promises to pay to the Administrative Agent on the Maturity Date, for the account of each Lender, the
then unpaid principal amount of such Lender’s Loans.

 

(N)         Section
4.02(e) of the Credit Agreement is hereby amended and restated in its entirety to provide as follows:

 

(e)         In
the case of the issuance of a Secured Facility Letter of Credit, the Borrowers shall have pledged with the Administrative Agent
pursuant to the Security Documents Eligible Collateral having a Collateral Value of not less than the amount of such Letter of
Credit.

 

(O)         Clause
(vi) and clause (viii) of Section 6.01(a) of the Credit Agreement are hereby amended and restated in their entirety to provide,
respectively, as follows:

 

(vi)         Guarantees
permitted under Section 6.04(a), Subordinated Debt and Hybrid Securities;

 

*           *           *

 

(viii)       additional
Debt not to exceed $150,000,000 in aggregate principal amount at any time outstanding as to the Parent and its Subsidiaries on
a Consolidated basis; provided, however, that the Subsidiary Debt Amount shall not at any time exceed an amount equal
to $10,000,000, minus the Guarantor Guaranteed Amount at such time;

 

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(P)          Clause
(vii) of Section 6.02 of the Credit Agreement is hereby amended and restated in its entirety to provide as follows:

 

(vii)       Cash
and investment property (other than Equity Interests in any Subsidiary) deposited as collateral to secure letter of credit and
other Debt permitted under clause (vii) and clause (viii) of Section 6.01(a), but only so long as the sum of (A) the aggregate
undrawn amount of letters of credit secured thereby, plus (B) the aggregate amount of unreimbursed letter of credit drawings
secured thereby, plus (C) the aggregate unpaid balance of loan principal or other Debt secured thereby, in each case under
both such clauses (vii) and (viii) taken together, does not at any time exceed $150,000,000; and

 

(Q)         Clause
(iv) of Section 6.04(a) of the Credit Agreement is hereby amended and restated in its entirety to provide as follows:

 

(iv) (A) the Payment Guaranties,
(B) Investments by a Loan Party and its Material Subsidiaries in their respective Subsidiaries; provided that the Loan Parties’
Investments in Foreign Subsidiaries acquired or formed after the Restatement Effective Date that are not organized under the Laws
of Bermuda (exclusive of the Parent’s Investment in James River UK upon and subject to the terms and conditions of this Agreement)
shall not exceed $10,000,000 in the aggregate as to all Loan Parties in any Fiscal Year, (C) Guarantees by one or more of the Guarantors
of the Debt of a Borrower permitted under clause (viii) of Section 6.01(a), provided that the Guarantor Guaranteed Amount
shall not at any time exceed an amount equal to $10,000,000, minus the Subsidiary Debt Amount at such time, and (D) Guarantees
by JRG Reinsurance of any Debt of the Parent permitted under clause (i) or cause (viii) of Section 6.01(a),

 

(R)         Section
6.10 of the Credit Agreement is hereby amended and restated in its entirety to provide as follows:

 

Section 6.10.         Restrictive
Agreements. No Loan Party shall, nor shall it permit any of its Material Subsidiaries to, directly or indirectly, enter into
or permit to exist any agreement or other arrangement that prohibits, restricts or imposes any condition on:

 

(a)          the
ability of such Loan Party or any Material Subsidiary to create or permit to exist any Lien on any of its property or

 

(b)          the
ability of any Material Subsidiary to:

 

(1)         pay
dividends or other distributions with respect to any shares of its capital stock,

 

(2)         make
or repay loans or advances to such Loan Party or any other Material Subsidiary, or

 

    	 	6	 

     

    

 

(3)         Guarantee
Debt of a Loan Party or any other Material Subsidiary;

 

provided, however,
that:

 

		(i)	the foregoing shall not apply to prohibitions, restrictions
or conditions at any time and from time to time imposed by law or by any Loan Document,

 

		(ii)	the foregoing shall not apply to customary prohibitions,
restrictions or conditions contained in agreements relating to the sale of a Subsidiary pending such sale, provided that
such prohibitions, restrictions or conditions apply only to the Subsidiary that is to be sold and such sale is permitted hereunder,

 

		(iii)	clause (a) of this Section shall not apply to prohibitions,
restrictions or conditions imposed by any agreement relating to secured Debt permitted by this Agreement if such prohibitions,
restrictions or conditions apply only to the property securing such Debt,

 

		(iv)	clause (a) of this Section shall not apply to customary
provisions in leases and other contracts restricting the assignment thereof,

 

		(v)	clause (a) of this Section shall not apply to prohibitions,
restrictions or conditions imposed by any agreement relating to Debt permitted by this Agreement that expressly excludes from
such prohibitions, restrictions or conditions Liens that secure any or all of the Debt and other obligations of the Loan Parties
at any time and from time to time under the Loan Documents,

 

		(vi)	clause (b)(2) of this Section shall not apply to prohibitions,
restrictions or conditions imposed by any agreement relating to Debt permitted by this Agreement that expressly excludes from
such prohibitions, restrictions or conditions any and all loans or advances required or permitted to be made or repaid to a Loan
Party or a Material Subsidiary pursuant to this Agreement or any other Loan Document, and

 

		(vii)	clause (b)(3) of this Section shall not apply to prohibitions,
restrictions or conditions imposed by any agreement relating to Debt permitted by this Agreement that expressly excludes from
such prohibitions, restrictions or conditions any Guarantee of any or all of the Debt and other obligations of the Loan Parties
at any time and from time to time under the Loan Documents.

 

(S)         The
words “or other Hybrid Securities” are hereby inserted into Section 6.16(b) of the Credit Agreement immediately after
the words “Trust Preferred Securities Notes” in each of the two instances where those words appear therein.

 

    	 	7	 

     

    

 

(T)          The
second proviso in the paragraph at the end of Section 7.02 of the Credit Agreement is hereby deleted in its entirety, and such
paragraph is amended and restated in its entirety to provide as follows:

 

provided that, notwithstanding
anything to the contrary contained in the foregoing, collateral, including Eligible Collateral, pledged as security for Debt and
other obligations under the Secured Facility shall be applied first to the payment of such Debt and obligations under the Secured
Facility and shall be applied to the remaining Debt and other obligations hereunder and under the other Loan Documents only after
and subject to the satisfaction in full of all such Debt and obligations under the Secured Facility.

 

(U)         Section
9.03(c) of the Credit Agreement is hereby amended and restated in its entirety to provide as follows:

 

(c)          [Reserved];

 

(V)         Section
10.01 of the Credit Agreement is hereby amended and restated in its entirety to provide as follows:

 

Section 10.01.         Joint
and Several Obligations. By signing this Agreement, each Borrower agrees that it is liable, jointly and severally with the
other Borrowers, for the payment of the notes and all Debt and other obligations of the Borrowers under this Agreement and the
other Loan Documents, and that the Administrative Agent and any Lender can enforce such Debt and obligations against any Borrower,
in such Agent’s or such Lender’s sole and unlimited discretion.

 

(W)       The
first sentence of Section 10.04 of the Credit Agreement is hereby amended and restated in its entirety to provide as follows:

 

If any payment received by the
Administrative Agent or any Lender and applied to the Debt and other obligations hereunder and under the other Loan Documents is
subsequently set aside, recovered, rescinded or required to be returned for any reason (including, without limitation, the bankruptcy,
insolvency or reorganization of a Borrower or any other obligor), the Debt and other obligations hereunder and under the other
Loan Documents to which such payment was applied shall be deemed to have continued in existence, notwithstanding such application,
and each Borrower shall be jointly and severally liable for such Debt and other obligations as fully as if such application had
never been made.

 

    	 	8	 

     

    

 

(X)         The
Amended and Restated Pricing Schedule attached to this First Amendment as Attachment 1 replaces and restates in its entirety the
Pricing Schedule attached to the Credit Agreement.

 

2.            Amendment
Effective Date; Conditions Precedent. The amendments set forth in Paragraph 1, above, shall not be effective unless and until
the date on which all of the following conditions precedent have been satisfied (such date of effectiveness being the “Third
Amendment Effective Date”):

 

(a)          Officer’s
Certificate. On the First Amendment Effective Date, after giving effect to the amendment set forth in Paragraph 1, above, (i)
there shall exist no Default, and a Financial Officer or other executive officer of each Borrower, on behalf of such Borrower,
shall have delivered to the Administrative Agent written confirmation thereof dated as of the First Amendment Effective Date, (ii)
the representations and warranties of the Borrowers under Article 3 of the Credit Agreement shall have been reaffirmed in writing
by each Borrower as being true and correct in all material respects as of the First Amendment Effective Date (unless and to the
extent that any such representation and warranty is stated to relate solely to an earlier date, in which case such representation
and warranty shall have been true and correct in all material respects as of such earlier date), (iii) each Borrower shall have
delivered a certificate of its secretary or assistant secretary confirming that its execution, delivery and performance of this
First Amendment have been authorized by all necessary corporate or company action, and (iv) each Borrower shall have reaffirmed
in writing that the Regulatory Condition Satisfaction remains effective.

 

(b)          First
Amendment. The Administrative Agent or the Special Counsel (defined below) shall have received from each Borrower and each
Lender either (i) a counterpart of this

 

    	 	9	 

     

    

 

First Amendment signed on behalf of such
party or (ii) written evidence satisfactory to the Administrative Agent (which may include telecopy or email transmission of a
signed signature page of this First Amendment) that such party has signed and delivered a counterpart of this First Amendment.

 

(c)          Guarantor
Confirmations. Each of James River and James River UK shall have executed and delivered to the Administrative Agent a confirmation
of its Payment Guaranty in form and substance reasonably satisfactory to the Administrative Agent, accompanied by such certifications
regarding good standing and authorization as the Administrative Agent may reasonably request.

 

(d)          Amendment
Fee; Agent Expenses. The Borrowers shall have paid or caused to be paid to the Administrative Agent (i) an amendment fee in
the aggregate amount of Fifty-three Thousand Seven Hundred Fifty Dollars ($53,750) for the ratable benefit of the Lenders in proportion
to their respective Secured Facility Commitments and Unsecured Facility Commitments and (ii) all fees and other amounts due and
payable on or prior to the First Amendment Effective Date, including, to the extent invoiced, reimbursement or payment of all reasonable
out-of-pocket expenses (including fees, charges and disbursements of the Special Counsel) required to be reimbursed or paid by
the Borrowers hereunder, under any other Loan Document or under said fee letter agreement.

 

(e)          Legal
Matters. All legal matters incident to this First Amendment and the consummation of the transactions contemplated hereby shall
be reasonably satisfactory to Squire Patton Boggs (US) LLP, Cleveland, Ohio, special counsel to the Administrative Agent (the “Special
Counsel”).

 

    	 	10	 

     

    

 

Notwithstanding the foregoing, if the First
Amendment Effective Date has not occurred on or before June 15, 2017, this First Amendment shall not become effective and shall
be deemed of no further force and effect.

 

3.            Pledge
Agreement Modification. To conform to certain of the amendments set forth in Paragraph 1, above, the Pledge Agreement between
the Administrative Agent and JRG Reinsurance is hereby amended by deleting the following words from the definition of “Secured
Obligations” in Section 1.1 of such Pledge Agreement:

 

“that, notwithstanding
anything to the contrary herein or in any other Loan Document, Pledged Collateral pledged by the Pledgor shall not secure the Debt
or other obligations of any other Borrower under the Credit Agreement and the other Loan Documents; and provided further”

 

4.            No
Other Modifications. Except as expressly provided in this First Amendment, all of the terms and conditions of the Credit Agreement
and the other Loan Documents remain unchanged and in full force and effect.

 

5.            Confirmation
of Obligations. Each Borrower hereby affirms as of the date hereof all of its respective Debt and other obligations to each
of the Lender Parties under and pursuant to the Credit Agreement and each of the other Loan Documents and that such Debt and other
obligations are owed to each of the Lender Parties according to their respective terms. Each Borrower hereby affirms as of the
date hereof that there are no claims or defenses to the enforcement by the Lender Parties of the Debt and other obligations of
such Borrower to each of them under and pursuant to the Credit Agreement or any of the other Loan Documents.

 

6.            Administrative
Agent’s Expense. The Borrowers agree to reimburse the Administrative Agent promptly for its reasonable invoiced out-of-pocket
costs and expenses incurred in connection with this First Amendment and the transactions contemplated hereby, including, without
limitation, the reasonable fees and expenses of the Special Counsel.

 

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7.            Governing
Law; Binding Effect. THIS FIRST AMENDMENT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW
YORK AND SHALL BE BINDING UPON AND INURE TO THE BENEFIT OF THE BORROWERS, THE LENDERS AND THE ADMINISTRATIVE AGENT AND THEIR RESPECTIVE
SUCCESSORS AND ASSIGNS.

 

8.            Counterparts.
This First Amendment may be executed in any number of counterparts, each of which when so executed shall be deemed to be an original,
but all such counterparts shall constitute one and the same instrument, and all signatures need not appear on any one counterpart.
Any party hereto may execute and deliver a counterpart of this First Amendment by delivering by facsimile or email transmission
a signature page of this First Amendment signed by such party, and any such facsimile or email signature shall be treated in all
respects as having the same effect as an original signature. Any party delivering by facsimile or email transmission a counterpart
executed by it shall promptly thereafter also deliver a manually signed counterpart of this First Amendment.

 

9.            Miscellaneous.

 

(a)          Upon
the effectiveness of this First Amendment, this First Amendment shall be a Loan Document.

 

(b)          The
invalidity, illegality, or unenforceability of any provision in or Obligation under this First Amendment in any jurisdiction shall
not affect or impair the validity, legality, or enforceability of the remaining provisions or obligations under this First Amendment
or of such provision or obligation in any other jurisdiction.

 

(c)          This
First Amendment and all other agreements and documents executed in connection herewith have been prepared through the joint efforts
of all of the parties. Neither

 

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the provisions of this First Amendment
or any such other agreements and documents nor any alleged ambiguity shall be interpreted or resolved against any party on the
ground that such party’s counsel drafted this First Amendment or such other agreements and documents, or based on any other
rule of strict construction. Each of the parties hereto represents and declares that such party has carefully read this First Amendment
and all other agreements and documents executed in connection herewith and therewith, and that such party knows the contents thereof
and signs the same freely and voluntarily. The parties hereby acknowledge that they have been represented by legal counsel of their
own choosing in negotiations for and preparation of this First Amendment and all other agreements and documents executed in connection
therewith and that each of them has read the same and had their contents fully explained by such counsel and is fully aware of
their contents and legal effect.

 

(d)          The
obligations of the Borrowers hereunder are joint and several, all as more fully set forth in Article 10 of the Credit Agreement.

 

10.          Waiver
of Jury Trial. Each of the parties to this First Amendment hereby irrevocably waives
all right to a trial by jury in any action, proceeding or counterclaim (WHETHER SOUNDING IN CONTRACT, TORT OR OTHERWISE) arising
out of or relating to this First Amendment, the other LOAN Documents or the transactions contemplated hereby or thereby. Each party
hereto hereby (a) certifies that no representative, agent or attorney oF any other party has represented, expressly or otherwise,
that such other party would not, in the event of litigation, seek to enforce the foregoing waiver, and (b) acknowledges that it
and the other 

 

    	 	13	 

     

    

 

parties
hereto have been induced to enter into this First Amendment by, among other things, the mutual waivers and certificatION in this
section.

 

[No
additional provisions are on this page; the page next following is the signature page.]

 

    	 	14	 

     

    

 

IN WITNESS WHEREOF, the Borrowers, the Lenders
and the Administrative Agent have hereunto set their hands as of the date first above written.

 

	 	BORROWERS
	 	 
	 	JAMES RIVER GROUP HOLDINGS, LTD.
	 	 	 
	 	By:	/s/ Kevin Copeland
	 	 	Kevin Copeland, Chief Investment Officer and Senior Vice President, Finance
	 	 	 
	 	JRG REINSURANCE COMPANY LTD.
	 	 	 
	 	By:	/s/ Dennis R. Johnson
	 	 	Dennis R. Johnson, Chief Executive Officer

 

    	 	15	 

     

    

 

	 	ADMINISTRATIVE AGENT
	 	 
	 	KEYBANK NATIONAL ASSOCIATION, as Administrative Agent as Lender
	 	 	 
	 	By:	/s/ James Cribbet
	 	 	James Cribbet, Senior Vice President
	 	 	 
	 	LENDERS
	 	 
	 	KEYBANK NATIONAL ASSOCIATION,
	 	as Lender
	 	 	 
	 	By:	/s/ James Cribbet
	 	 	James Cribbet, Senior Vice President

 

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[Lender Signatures Continued]

 

	 	SUNTRUST BANK,
	 	as Lender
	 	 	 
	 	By: 	/s/ Paula Mueller
	 	 	Name: Paula Mueller
	 	 	Title: Director

 

    	 	17	 

     

    

 

[Lender Signatures Continued]

 

	 	BANK OF MONTREAL,
	 	as Lender
	 	 	 
	 	By:	/s/ Benjamin Miot
	 	 	Name: Benjamin Miot
	 	 	Title: Vice President

 

    	 	18	 

     

    

 

[Lender Signatures Continued]

 

	 	THE BANK OF N.T. BUTTERFIELD & SON LIMITED, as Lender
	 	 	 
	 	By:	/s/ Alan Day
	 	 	Name: Alan Day 
	 	 	Title: Vice President
	 	 	 
	 	And:  	/s/ Raymond Long
	 	 	Name: Raymond Long
	 	 	Title: Vice President

 

    	 	19	 

     

    

 

[Lender Signatures Continued]

 

	 	FIRST TENNESSEE BANK, N.A.,
	 	as Lender
	 	 	 
	 	By:	/s/ K. A. Sherman
	 	 	Name: K. A. Sherman
	 	 	Title: Senior Vice President

 

    	 	20	 

     

    

 

[Lender Signatures Continued]

 

	 	FIRST NATIONAL BANK OF PENNSYLVANIA

 (successor by merger to Yadkin Bank), as Lender
	 	 	 
	 	By:	/s/ Christopher A. Moore
	 	 	Name: Christopher A. Moore
	 	 	Title: Regional President/Senior Vice President

 

    	 	21	 

     

    

 

ATTACHMENT 1

To

First Amendment to Amended and Restated
Credit Agreement dated June 8, 2017

 

Amended and Restated Pricing Schedule

 

PRICING SCHEDULE

 

	Leverage
    Ratio	 	Pricing
    Level	 	Eurodollar

    Margin	 	 	Base
    Rate
 Margin	 	 	Commitment

    Fee Rate	 
	 	 	 	 	 	 	 	 	 	 	 	 
	< 0.10 to 1	 	Level I	 	 	1.375	%	 	 	0.375	%	 	 	0.150	%
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	> 0.10 to 1 and < 0.175 to 1	 	Level II	 	 	1.500	%	 	 	0.500	%	 	 	0.200	%
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	> 0.175 to 1 and < 0.275 to 1	 	Level III	 	 	1.625	%	 	 	0.625	%	 	 	0.250	%
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	> 0.275 to 1	 	Level IV	 	 	1.750	%	 	 	0.750	%	 	 	0.300	%

 

The Eurodollar Margin,
Base Rate Margin and Commitment Fee Rate will be determined by reference to the Leverage Ratio.

 

For purposes of this Schedule, “Pricing
Level” means for any day, the Pricing Level (I, II, III or IV) indicated on the table above that corresponds to the Leverage
Ratio as of the end of the most recent Fiscal Quarter or Fiscal Year, as the case may be, for which the Parent delivered financial
statements pursuant to the Loan Documents, effective on the business day immediately following the date on which such financial
statements are delivered to the Administrative Agent; provided, however, that, at any and all times during which
(a) the Parent is in default of the timely delivery of (1) the financial statements required by the Loan Documents for any period
or (2) the accompanying compliance certificate required by the Loan Documents, the Eurodollar Margin, Base Rate Margin and Commitment
Fee Rate shall be determined under Pricing Level IV or (b) an Event of Default has occurred and is continuing, the Eurodollar Margin,
Base Rate Margin and Commitment Fee Rate shall be determined under Pricing Level IV.

 

Pricing Level III shall apply commencing
on the First Amendment Effective Date (as that term is defined in the First Amendment to this Agreement dated June 8, 2017) until
adjusted pursuant to the immediately preceding paragraph.

 

By way of clarification and not limitation,
the Loans under the Unsecured Facility shall commence to accrue interest, the Letters of Credit under the Unsecured Facility shall
commence to accrue participation fees, and commitment fees under the Unsecured Facility shall commence to accrue in each case at
rates per annum reflecting the decreased Applicable Rates as of the Restatement Effective Date (defined below) and (together with
the interest, participation fees and commitment fees accrued and unpaid prior to the Restatement Effective Date) shall be payable
on the applicable Interest Payment Date next following the Restatement Effective Date.Exhibit_41

		
			Exhibit 4.1
		

		
			EXECUTION VERSION
		

		
			FOURTH AMENDMENT TO CREDIT AGREEMENT
		

		
			This FOURTH AMENDMENT TO CREDIT AGREEMENT, dated as of June 13, 2017 (this “Amendment”), is entered into by and among AMC Entertainment Holdings, Inc., a Delaware corporation (the “Borrower”), the other Loan Parties (as defined in the Existing Credit Agreement (as defined below)) party hereto, the 2017 Incremental Revolving Credit Lenders (as defined below) party hereto and Citicorp North America, Inc. (“Citi”), as administrative agent (in such capacity, the “Administrative Agent”).  Capitalized terms used but not otherwise defined in this Amendment have the same meanings as specified in the Existing Credit Agreement (as amended by this Amendment, the “Amended Credit Agreement”).
		

		
			RECITALS
		

		
			WHEREAS, the Borrower has entered into that certain Credit Agreement, dated as of April 30, 2013 (as amended by that certain First Amendment to Credit Agreement dated as of December 11, 2015, that certain Second Amendment to Credit Agreement dated as of November 8, 2016, that certain Third Amendment to Credit Agreement dated as of May 9, 2017, and as may be further amended, restated, amended and restated, supplemented or otherwise modified from time to time immediately prior to the date hereof, the “Existing Credit Agreement”), with the Lenders from time to time party thereto, the Administrative Agent and the other parties party thereto;
		

		
			WHEREAS, the Borrower has requested that the Existing Credit Agreement be amended so as to, among other things, provide for a New Incremental Revolving Commitment in an aggregate principal amount of $75,000,000 (the “2017 Incremental Revolving Commitment”) on terms identical to those applicable to the Initial Revolving Credit Commitment under the Existing Credit Agreement (including as to maturity, prepayments, repayments, interest rate and other economic terms) pursuant to a Facility Increase as provided for in Section 2.19(a) of the Existing Credit Agreement;
		

		
			WHEREAS, on the terms and subject to the conditions contained herein and in the Existing Credit Agreement, each Person party hereto that elects to provide a New Incremental Revolving Commitment (each, a “2017 Incremental Revolving Credit Lender”) severally agrees to make loans in Dollars (each an “2017 Incremental Revolving Loan”) to the Borrower from time to time on any Business Day on or after the Effective Date (as defined in Section 3 of this Amendment) until the Revolving Credit Termination Date in an aggregate principal amount at any time outstanding for all such loans by such 2017 Incremental Revolving Credit Lender equal to the amount set forth opposite such Person’s name on Schedule I (Commitments) to this Amendment under the caption “New Incremental Revolving Commitment” (such amount, its 

		 

 

“2017 Incremental Revolving Commitment”); provided,  however, that at no time shall any 2017 Incremental Revolving Credit Lender be obligated to make a 2017 Incremental Revolving Loan in excess of such 2017 Incremental Revolving Credit Lender’s Ratable Portion of the Available Credit.  
		

		
			WHEREAS, the proceeds of the 2017 Incremental Revolving Loans shall be used by the Borrower for general corporate purposes.
		

		
			NOW, THEREFORE, in consideration of the premises and the agreements, provisions and covenants herein contained, as well as other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows:
		

		
			SECTION 1.Amendment to Existing Credit Agreement.  Subject to the satisfaction or waiver of the conditions set forth in Section 3 of this Amendment, on the Effective Date, the Existing Credit Agreement is amended as follows:
		

		
			(a)Section 1.1 of the Existing Credit Agreement is amended by inserting the following new definitions in their correct alphabetical order:
		

		
			“Fourth Amendment” means that certain Fourth Amendment to Credit Agreement, dated as of June 13, 2017, among the Borrower, the Guarantors party thereto, the Lenders party thereto and Citicorp, the Administrative Agent.
		

		
			“Fourth Amendment Effective Date” means June 13, 2017.
		

		
			(b) The definition of “Facility Increase Allowance” set forth in Section 1.1 of the Existing Credit Agreement is amended by adding the following sentence at the end thereof: “As of the Fourth Amendment Effective Date, the New Incremental Revolving Commitments are $75,000,000.”
		

		
			(c)The definition of “New Incremental Revolving Commitments” set forth in Section 1.1 of the Existing Credit Agreement is amended by adding the following sentence at the end thereof: “As of the Fourth Amendment Effective Date, the New Incremental Revolving Commitments are $75,000,000.”
		

		
			(d) Schedule I to the Existing Credit Agreement under the caption “Revolving Credit Commitment” (the “Existing Revolving Credit Schedule”) is hereby amended and restated in its entirety by replacing such Existing Revolving Credit Schedule with the new Schedule I attached to this Amendment.
		

		
			SECTION 2.Allocations, Reallocations and 2017 Incremental Revolving Loans.
		

		
			(a)Each 2017 Incremental Revolving Credit Lender agrees, severally and not jointly, to make available its 2017 Incremental Revolving Commitment on the Effective Date, in 

		 

 

accordance with Section 2.1(a) of the Existing Credit Agreement, in an amount to be determined by the Administrative Agent, notified to such 2017 Incremental Revolving Credit Lender prior to the Effective Date and set forth on Schedule I to this Amendment (but in any event not to exceed such 2017 Incremental Revolving Credit Lender’s 2017 Incremental Revolving Commitment).
		

		
			(b)          Effective as of the Effective Date (after giving effect to the 2017 Incremental Revolving Commitments affected hereby), (i) the Revolving Credit Commitment shall increase by the aggregate amount of the 2017 Incremental Revolving Commitments of the 2017 Incremental Revolving Credit Lenders effected hereby and (ii) there shall be an automatic adjustment to the Ratable Portion of each Revolving Credit Lender in the aggregate Revolving Credit Outstandings to reflect the new Ratable Portion of each Revolving Credit Lender in the aggregate Revolving Credit Outstandings resulting from the 2017 Incremental Revolving Commitments.
		

		
			                (c)          The 2017 Incremental Revolving Commitments shall (i) become a part of the Revolving Credit Commitment for all purposes of the Amended Credit Agreement and the other Loan Documents and each reference to “Revolving Credit Commitment” thereunder shall be deemed to include the 2017 Incremental Revolving Commitment and (ii) together with all related Revolving Credit Outstandings, be subject to the same Applicable Margin, prepayment provisions, Revolving Credit Termination Date and other terms and conditions applicable to the  Initial Revolving Credit Commitments and Initial Revolving Loans (and related Revolving Credit Outstandings) under the Existing Credit Agreement and the other Loan Documents and shall rank pari passu in right of payment and security with the existing Initial Revolving Loans.
		

		
			 
		

		
			 (d)Notwithstanding anything herein or in the Existing Credit Agreement to the contrary, the Lenders party hereto waive the payment of any compensation required to be paid pursuant to Section 2.14(d) of the Existing Credit Agreement in respect of the existing Revolving Credit Commitments and/or Revolving Credit Outstandings, as applicable (to the extent any right to such compensation arises in connection with this Amendment and the transactions contemplated hereby).
		

		
			(e)Each of the parties hereto hereby agrees that the Administrative Agent may take any and all action as may be reasonably necessary to ensure that all New Incremental Revolving Loans, when originally made, are a single Class with the outstanding Initial Revolving Loans for all purposes under the Loans Documents and are included in each Borrowing of outstanding Initial Revolving Loans on a pro rata basis. This may be accomplished at the discretion of the Administrative Agent by allocating a portion of each such New Incremental Revolving Loan to each outstanding Adjusted Eurodollar Rate Loan of the same Type on a pro rata basis, even though as a result thereof such New Incremental Revolving Loan may effectively have a shorter Interest Period than the New Incremental Revolving Loan included in the Borrowing of which 

		 

 

they are a part (and notwithstanding any other provision of the Amended Credit Agreement that would prohibit such an initial Interest Period). For the avoidance of doubt, both the Initial Revolving Loans and New Incremental Revolving Loan shall constitute the same single Class of Loans and such Class of Loans shall be referred to as “Revolving Loans” for administrative purposes. This Section 2(e) is for administrative purposes only and shall under no circumstances result in any additional obligations, expenses or fees for the Borrower.
		

		
			SECTION 3.Conditions to Effectiveness.  This Amendment shall become effective when the following conditions have been satisfied or waived (the “Effective Date”):
		

		
			(a)The Administrative Agent shall have received counterparts (or written evidence satisfactory to the Administrative Agent (which may include a facsimile or other electronic transmission) that such party has signed a counterpart) of this Amendment duly executed by (i) each Loan Party, (ii) the Administrative Agent, and (iii)  each 2017 Incremental Revolving Credit Lender.
		

		
			(b)The Administrative Agent shall have received a written opinion of Weil, Gotshal & Manges LLP addressed to the Administrative Agent, the Issuers and the Lenders and in form and substance reasonably satisfactory to the Administrative Agent (and each Loan Party hereby instructs such counsel to deliver such opinion to the Administrative Agent).
		

		
			(c)The Administrative Agent shall have received (i) copies of each Constituent Document of each Loan Party, certified as of a recent date by the Secretary of State of the state of organization of such Loan Party, together with certificates of such official attesting to the good standing of each such Loan Party; (ii) a certificate of the Secretary or an Assistant Secretary of each Loan Party certifying the names and true signatures of each officer of such Loan Party that has been authorized to execute and deliver this Amendment or any other Loan Document required to be delivered hereunder and (iii) the resolutions of such Loan Party’s Board of Directors (or equivalent governing body) approving and authorizing the execution, delivery and performance of this Amendment and the other Loan Documents to which it is a party, certified as of the Effective Date by its Secretary or an Assistant Secretary as being in full force and effect without modification or amendment; provided that, in lieu of delivering the Constituent Documents required by clause (i), the Borrower may deliver a certificate of an Responsible Officer certifying that there have been no amendments to those Constituent Documents previously delivered to the Administrative Agent in connection with the Existing Credit Agreement.
		

		
			(d)No Default or Event of Default shall have occurred and be continuing.
		

		
			(e)The representations and warranties contained in Section 5 of this Amendment and Article IV of the Amended Credit Agreement and in the other Loan Documents shall be true and correct in all material respects (without duplication of any materiality qualifier contained therein) 

		 

 

on and as of the Effective Date with the same effect as though made on and as of such date, except to the extent such representations and warranties expressly relate to an earlier date, in which case such representations and warranties shall have been true and correct in all material respects (without duplication of any materiality qualifier contained therein) as of such earlier date.
		

		
			SECTION 4.2017 Incremental Revolving Loans. The parties hereto hereby agree that the 2017 Incremental Revolving Commitments contemplated by this Amendment constitute New Incremental Revolving Commitments incurred pursuant to (and in accordance with) Section 2.19 of the Existing Credit Agreement. For the avoidance of doubt, the availability of the 2017 Incremental Revolving Commitment on the Effective Date shall constitute a usage of the “Facility Increase Allowance” under clause (y) of the definition thereof (as defined in the Existing Credit Agreement). 
		

		
			SECTION 5.Representations. Each Loan Party hereby represents and warrants to the Administrative Agent and Lenders that the execution, delivery, and performance of this Amendment (i) has been duly executed and delivered by each Loan Party and (ii) do not require the consent of, authorization by, approval of, notice to, or filing or registration with, any Governmental Authority or any other Person, other than those that have been or will be, prior to the Effective Date, obtained or made, copies of which have been or will be delivered to the Administrative Agent, and which on the Effective Date will be in full force and effect and, with respect to the Collateral, filings required to perfect the Liens created by the Collateral Documents.
		

		
			SECTION 6.Effect on Loan Documents.  Except as specifically amended herein, all the Loan Documents shall continue to be in full force and effect and are hereby in all respects ratified and confirmed.  Except as specifically set forth herein, the execution, delivery and effectiveness of this Amendment shall not operate as a waiver of any right, power or remedy of any Lender or the Administrative Agent under any of the Loan Documents, nor constitute a waiver of any provision of the Loan Documents or in any way limit, impair or otherwise affect the rights and remedies of the Lenders or the Administrative Agent under the Loan Documents.  The Borrower and the other Loan Parties acknowledge and agree that, on and after the Effective Date, this Amendment and each of the other Loan Documents to be executed and delivered by a Loan Party in connection herewith shall constitute a Loan Document for all purposes.  On and after the Effective Date, each reference in the Amended Credit Agreement to “this Agreement”, “hereunder”, “hereof”, “herein” or words of like import referring to the Existing Credit Agreement, and each reference in the other Loan Documents to “Credit Agreement”, “thereunder”, “thereof” or words of like import referring to the Existing Credit Agreement shall mean and be a reference to the Amended Credit Agreement, and this Amendment and the Amended Credit Agreement shall be read together and construed as a single instrument.  Nothing herein shall be deemed to entitle the Borrower to a further consent to, or a further waiver, 

		 

 

amendment, modification or other change of, any of the terms, conditions, obligations, covenants or agreements contained in the Amended Credit Agreement or any other Loan Document in similar or different circumstances.  For the avoidance of doubt, this Amendment does not constitute a novation or termination by any Loan Party of the Indebtedness and Obligations under the Existing Credit Agreement.
		

		
			SECTION 7.Indemnification.  The provisions of Section 11.4 of the Existing Credit Agreement are incorporated herein by reference, mutatis mutandis.
		

		
			SECTION 8.Amendments; Severability.
		

		
			(a)This Amendment may not be amended nor may any provision hereof be waived except pursuant to a writing signed by each party hereto.
		

		
			(b)In case any provision in or obligation hereunder shall be invalid, illegal or unenforceable in any jurisdiction, the validity, legality and enforceability of the remaining provisions or obligations, or of such provision or obligation in any other jurisdiction, shall not in any way be affected or impaired thereby.
		

		
			SECTION 9.Reaffirmation.  Each of the Loan Parties party hereto, including each Guarantor, hereby (a) acknowledges and agrees that each 2017 Incremental Revolving Credit Lender shall constitute a “Lender”, “Revolving Credit Lender” and “Issuer” under the Loan Documents, and that all of such Loan Party’s obligations under the Collateral Documents and the other Loan Documents to which it is a party are reaffirmed and remain in full force and effect on a continuous basis, (b) reaffirms each Lien granted by it to the Administrative Agent for the benefit of the Secured Parties and the guaranties made by it pursuant to the Guaranty and (c) acknowledges and agrees that the grants of security interests by and the guaranties of the Loan Parties contained in the Existing Credit Agreement and the Collateral Documents are, and shall remain, in full force and effect after giving effect to this Amendment and the transactions contemplated hereby.
		

		
			SECTION 10.  GOVERNING LAW; WAIVER OF JURY TRIAL; JURISDICTION; SERVICE OF PROCESS.  This AMENDMENT and any claim, controversy, dispute or cause of action (whether in contract or tort or otherwise) based upon, arising out of or relating to this AMENDMENT and the transactions contemplated hereby and the rights and obligations of the parties hereto shall be governed by, and construed and interpreted in accordance with, the law of the State of New York.  Each of the PARTIES HERETO irrevocably waives trial by jury in any action or proceeding with respect to this AMENDMENT.  The provisions of Section 11.12 (Submission to Jurisdiction; Service of Process) of the Existing Credit Agreement are incorporated herein by reference, mutatis mutandis.
		

		
			

		 

 

		

		
			SECTION 11.  Section Titles.  The section titles contained in this Amendment are and shall be without substantive meaning or content of any kind whatsoever and are not a part of the agreement between the parties hereto, except when used to reference a section.  Any reference to the number of a clause, sub-clause or subsection hereof immediately followed by a reference in parenthesis to the title of the Section containing such clause, sub-clause or subsection is a reference to such clause, sub-clause or subsection and not to the entire Section; provided,  however, that, in case of direct conflict between the reference to the title and the reference to the number of such Section, the reference to the title shall govern absent manifest error.  If any reference to the number of a Section (but not to any clause, sub-clause or subsection thereof) is followed immediately by a reference in parenthesis to the title of a Section, the title reference shall govern in case of direct conflict absent manifest error.
		

		
			SECTION 12.  Execution in Counterparts.  This Amendment may be executed in any number of counterparts and by different parties in separate 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 so that all signature pages are attached to the same document.  Delivery of an executed signature page of this Amendment by facsimile transmission, electronic mail or by posting on the Approved Electronic Platform shall be as effective as delivery of a manually executed counterpart hereof.  A set of the copies of this Amendment signed by all parties shall be lodged with the Borrower and the Administrative Agent.
		

		
			[Remainder of page intentionally left blank.]
		

		
			 
		

		
			

		 

 

		

		
			IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed and delivered by their respective proper and duly authorized officers as of the day and year first above written.
		

		
			AMC ENTERTAINMENT HOLDINGS, INC.,
as Borrower
		

		
			By:_/s/__Craig R. Ramsey________________
Name:  Craig R. Ramsey
Title:    Chief Financial Officer
		

		
			AMC CARD PROCESSING SERVICES, INC.
AMC CONCESSIONAIRE SERVICES OF FLORIDA, LLC
AMC ITD, INC.
AMC LICENSE SERVICES, INC.
AMERICAn MULTI-CINEMA, INC.
		

		
			CLUB CINEMA OF MAZZA, INC.
LOEWS CITYWALK THEATRE CORPORATION
		

		
			AMC OF MARYLAND, LLC
		

		
			AMC STARPLEX, LLC,
		

		
			as Guarantors
		

		
			 
		

		
			 
		

		
			By:_/s/__Craig R. Ramsey________________
Name:  Craig R. Ramsey
Title:    Chief Financial Officer
		

		
			 
		

		
			

		 

 

		

		
			CITICORP NORTH AMERICA, INC.,
as Administrative Agent and 2017 Incremental Revolving Credit Lender
		

		
			By:_/s/__Michael V. Moore________________
Name:  Michael V. Moore
Title:    Vice President
		

		
			 
		

		
			 
		

		
			

		 

 

		

		
			Bank of America, N.A.,
as 2017 Incremental Revolving Credit Lender
		

		
			By:_/s/__Brian D. Corum________________
Name:  Brian D. Corum
Title:    Managing Director
		

		
			 
		

		
			

		 

 

		

		
			Barclays Bank PLC,
as 2017 Incremental Revolving Credit Lender
		

		
			By:_/s/__Robert Chen________________
Name:  Robert Chen
Title:    Managing Director
		

		
			 
		

		
			

		 

 

		

		
			Credit Suisse AG, Cayman Islands Branch,
as 2017 Incremental Revolving Credit Lender
		

		
			By:_/s/__William O’Daly________________
Name:  William O’Daly
Title:    Authorized Signatory
		

		
			By:_/s/__Joan Park________________
Name:  Joan Park
Title:    Authorized Signatory
		

		
			 
		

		
			 
		

		
			 
		

		
			

		 

 

		

		
			HSBC Bank USA, N.A.,
as 2017 Incremental Revolving Credit Lender
		

		
			By:_/s/__Meredith Philips________________
Name:  Meredith Philips
Title:    Associate Relationship Manager
		

		
			 
		

		
			

		 

 

		

		
			SCHEDULE I
		

		
			Commitments
		

		
			
		

			
					
						2017 Incremental Revolving Credit Lender

					
					
						New Incremental Revolving Commitment

					
					
						Initial Revolving Credit Commitment

					
					
						Total Revolving Credit Commitment

				
	
					
						Citicorp North America, Inc.

					
					
						$18,750,000

					
					
						$37,500,000

					
					
						$56,250,000

				
	
					
						Bank of America, N.A.

					
					
						$18,750,000

					
					
						$37,500,000

					
					
						$56,250,000

				
	
					
						Barclays Bank PLC

					
					
						$12,500,000

					
					
						$25,000,000

					
					
						$37,500,000

				
	
					
						Credit Suisse AG, Cayman Islands Branch

					
					
						$12,500,000

					
					
						$25,000,000

					
					
						$37,500,000

				
	
					
						HSBC Bank USA, N.A.

					
					
						$12,500,000

					
					
						$25,000,000

					
					
						$37,500,000

				
	
					
						TOTAL

					
					
						$75,000,000

					
					
						$150,000,000

					
					
						$225,000,000

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