Document:

Exhibit

TENTH AMENDMENT TO AMENDED AND RESTATED MASTER REPURCHASE
AGREEMENT 
THIS TENTH AMENDMENT TO AMENDED AND RESTATED MASTER REPURCHASE AGREEMENT (the “Amendment”), dated as of August 7, 2019, is made and entered into among PULTE MORTGAGE LLC (the “Seller”), COMERICA BANK (“Comerica”), as agent (in such capacity, the “Agent”) and a Buyer, and the other financial institutions from time to time signatories thereto (the “Buyers”).
RECITALS:
A.The Agent, the Seller and the Buyers are parties to that certain Amended and Restated Master Repurchase Agreement dated as of September 4, 2015 (as amended or otherwise modified from time to time, the “Repurchase Agreement”).
B.The Agent, the Seller and the Buyers now desire to further amend certain provisions of the Repurchase Agreement as set forth herein.
AGREEMENT:
In consideration of the premises herein contained and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, all parties hereto agree as follows:
1.Capitalized Terms. Capitalized terms used and not otherwise defined in this Amendment have the meanings specified in the Repurchase Agreement.
2.Amendments. The Seller has requested that certain changes to the Maximum Aggregate Commitment from time to time under the Repurchase Agreement be made. In connection therewith, Schedule BC of the Repurchase Agreement is amended and restated by Schedule BC attached hereto.
3.Reassertion of Representations and Warranties, No Default. The Seller hereby represents and warrants that on and as of the date hereof and after giving effect to this Amendment (a) all of the representations and warranties contained in the Repurchase Agreement are true, correct and complete in all material respects as of the date hereof as though made on and as of such date, except for changes permitted by the terms of the Repurchase Agreement, and (b) no Default or Event of Default has occurred and is continuing.
4.Authority, No Conflict, No Consent Required. The Seller represents and warrants that the Seller has the limited liability company power and authority to enter into this Amendment and has duly authorized as appropriate the execution and delivery of this Amendment by proper limited liability company action and none of the agreements contained herein contravene or constitute a default under any material agreement, instrument or indenture to which the Seller is a party or a signatory or any provision of the Seller’s Articles of Organization, Operating Agreement or any 

requirement of law, or result in the imposition of any Lien on any of its property under any agreement binding on or applicable to the Seller or any of its property except, if any, in favor of the Buyers. The Seller represents and warrants that no consent, approval or authorization of or registration or declaration with any Person, including but not limited to any governmental authority, is required in connection with the execution and delivery by the Seller of this Amendment or the performance of obligations of the Seller herein described, except for those which the Seller has obtained or provided and as to which the Seller has delivered certified copies of documents evidencing each such action to the Buyers.
5.    No Adverse Claim. The Seller hereby warrants, acknowledges and agrees that no
events have taken place and no circumstances exist at the date hereof which would give the Seller a basis to assert a defense, offset or counterclaim to any claim of the Agent or the Buyers with respect to the Seller’s obligations under the Repurchase Agreement as amended by this Amendment.
6.    Conditions Precedent. This Amendment shall become effective (the “Amendment
Effective Date”) according to the terms and as of the date hereof, upon satisfaction of the following conditions:
		
	(a)
	Receipt by the Agent of this Amendment duly executed by the Seller, the Agent and the Buyers.

		
	(b)
	Agent shall have received the following, all of which must be in form and substance satisfactory to Agent: fully executed certified resolutions and organizational documents of Seller.

		
	(c)
	Seller shall have paid to Agent any fees due to it under the Fee Letter for its own account and for the account of the Lenders under the Fee Letter, and shall have paid to Agent all other fees, costs and expenses, if any, owed to Agent and Lenders and accrued to the Amendment Effective Date.

7.    Reallocation of Commitments.  On the Amendment Effective Date, each Buyer
shall (i) have Committed Sums equal to the applicable amounts set forth in Schedule BC hereto and (ii) have funded its Funding Share of all Transactions (and participation in Swing Line Transactions) outstanding on the Amendment Effective Date. To facilitate the foregoing, each Buyer which as a result of the adjustments of Committed Sums and Funding Shares evidenced by Schedule BC hereto is to have a greater principal amount of the Transactions outstanding than such Buyer had outstanding immediately prior to the Amendment Effective Date, shall deliver to the Agent immediately available funds to cover such Transactions. The Buyers agree that any Price Differential, Facility Fees and other fees accrued under the Repurchase Agreement prior to the Amendment Effective Date shall constitute the property of the Buyers which were parties to the Repurchase Agreement immediately prior to the Amendment Effective Date and shall be distributed (to the extent received from the Seller) to such Buyers on the basis of the Funding Shares in effect under the Repurchase Agreement immediately prior to the Amendment Effective Date. Furthermore, it is acknowledged and agreed that all fees paid under the Repurchase Agreement prior to the Amendment Effective Date shall not be recalculated, redistributed or reallocated by Agent among the Buyers.

8.Ratifications. The terms and provisions set forth in this Amendment shall modify and supersede all inconsistent terms and provisions set forth in the Repurchase Agreement and the other Repurchase Documents and except as expressly modified and superseded by this Amendment, the terms and provisions of the Repurchase Agreement and each other Repurchase Document are ratified and confirmed and shall continue in full force and effect.
9.Survival. The representations and warranties made by the Seller in this Amendment shall survive the execution and delivery of this Amendment.
10.Reference to Repurchase Agreement. Each of the Repurchase Documents, including the Repurchase Agreement and any and all other agreements, documents, or instruments now or hereafter executed and delivered pursuant to the terms hereof or pursuant to the terms of the Repurchase Agreement as amended hereby, are hereby amended so that any reference in such Repurchase Documents to the Repurchase Agreement shall mean a reference to the Repurchase Agreement as amended and modified hereby.
11.Applicable Law. This Amendment shall be governed by and construed in accordance with the laws of the State of Michigan as applicable to the Repurchase Agreement.
12.Successors and Assigns. This Amendment is binding upon and shall inure to the benefit of the Agent, the Buyers, the Seller and their respective successors and assigns, except that the Seller may not assign or transfer any of its rights or obligations hereunder without the prior written consent of each of the Buyers.
13.Counterparts. This Amendment may be executed in one or more counterparts, each of which when so executed shall be deemed to be an original, but all of which when taken together shall constitute one and the same instrument.
14.Headings. The headings, captions, and arrangements used in this Amendment are for convenience only and shall not affect the interpretation of this Amendment.
15.ENTIRE AGREEMENT. THIS AMENDMENT AND THE OTHER REPURCHASE DOCUMENTS REPRESENT THE FINAL AGREEMENT AMONG THE PARTIES HERETO AND THERETO, AND MAY NOT BE CONTRADICTED BY EVIDENCE OF PRIOR, CONTEMPORANEOUS OR SUBSEQUENT ORAL AGREEMENTS OF THE PARTIES HERETO. THERE ARE NO UNWRITTEN ORAL AGREEMENTS AMONG THE PARTIES.
[Remainder of This Page Intentionally Left Blank]

In witness whereof the parties have caused this Amendment to be executed as of the date first written above.
PULTE MORTGAGE LLC, as Seller and Servicer
By: \s\ Ralph Nowicki                                            
Name: Ralph Nowicki                                            
Title: SVP/CFO                                                 

    
COMERICA BANK, as Agent, Lead Arranger and a Buyer 
By: \s\ Jennifer Schachterle                                 
Name: Jennifer Schachterle                                
Title: Senior Vice President                                    

       
BMO HARRIS BANK N.A.
By: \s\ Daniel Ryan                                 
Name: Daniel Ryan                                    
Title: Vice President                                    

BRANCH BANKING AND TRUST COMPANY
By: \s\ Chad Cain
Name: Chad Cain 
Title: VP 

SCHEDULE BC
TO Master Repurchase Agreement
The Buyers’ Committed Sums  
(in dollars)
From August 7, 2019 through and including September 25, 2019
	
				
	Buyer
	Committed Sum
	

	Comerica Bank
	

	$73,334,800
	

	BMO Harris Bank N.A.
	

	$73,332,600
	

	Branch Banking and Trust Company
	

	$73,332,600
	

	Maximum Aggregate Commitment
	

	$220,000,000
	

From September 26, 2019 through and including October 10, 2019
	
				
	Buyer
	Committed Sum
	

	Comerica Bank
	

	$86,668,400
	

	BMO Harris Bank N.A.
	

	$86,665,800
	

	Branch Banking and Trust Company
	

	$86,665,800
	

	Maximum Aggregate Commitment
	

	$260,000,000
	

From October 11, 2019 through and including December 25, 2019
	
				
	Buyer
	Committed Sum
	

	Comerica Bank
	

	$73,334,800
	

	BMO Harris Bank N.A.
	

	$73,332,600
	

	Branch Banking and Trust Company
	

	$73,332,600
	

	Maximum Aggregate Commitment
	

	$220,000,000
	

From December 26, 2019 through and including January 13, 2020
	
				
	Buyer
	Committed Sum
	

	Comerica Bank
	

	$125,002,500
	

	BMO Harris Bank N.A.
	

	$124,998,750
	

	Branch Banking and Trust Company
	

	$124,998,750
	

	Maximum Aggregate Commitment
	

	$375,000,000
	

From January 14, 2020 through and including March 25, 2020
	
				
	Buyer
	Committed Sum
	

	Comerica Bank
	

	$73,334,800
	

	BMO Harris Bank N.A.
	

	$73,332,600
	

	Branch Banking and Trust Company
	

	$73,332,600
	

	Maximum Aggregate Commitment
	

	$220,000,000
	

From March 26, 2020 through maturity
	
				
	Buyer
	Committed Sum
	

	Comerica Bank
	

	$90,001,800
	

	BMO Harris Bank N.A.
	

	$89,999,100
	

	Branch Banking and Trust Company
	

	$89,999,100
	

	Maximum Aggregate Commitment
	

	$270,000,000EX-10.2

 Exhibit 10.2 

Execution Version 

EXPENSE REIMBURSEMENT AGREEMENT 

THIS EXPENSE REIMBURSEMENT AGREEMENT, dated as of November 16, 2018 (this “Agreement”), is entered into by and
among Nam Tai Property Inc., a British Virgin Islands international business company (the “Company”), and Kaisa Group Holdings Limited, an exempted company incorporated and existing under the laws of the Cayman Islands (the
“Investor,” and together with the Company, the “Parties”). 
 Background

 WHEREAS, the Investor, through Greater Sail Limited, a wholly-owned subsidiary of the Investor, beneficially holds 9,191,050
shares of common stock of the Company (the “Registrable Securities”); 
 WHEREAS, the Investor has requested the
Company prepare and file a shelf registration statement on Form F-3 (the “Shelf Registration Statement”) with the Securities and Exchange Commission (the
“SEC”) under the Securities Act of 1933, as amended (the “Securities Act”) covering all Registrable Securities (the “Registration”); 

WHEREAS, the Company has agreed to prepare and file the Registration Statement subject to the Investor’s agreement to the terms and
conditions set forth in this Agreement. 
 WHEREAS, the Investor desires to accept the conditions set forth in this Agreement. 

NOW, THEREFORE, in consideration of the mutual promises and subject to the terms and conditions herein contained, and other good and valuable
consideration, had and received, the receipt and sufficiency of which are hereby acknowledged, the Parties agree as follows: 
 Terms

 1.    Reimbursement of Expenses. The Investor agrees to reimburse the Company for all fees, out of
pocket costs and expenses (including, but not limited to, registration expenses with the SEC and fees relating to (i) legal services to be provided by our British Virgin Islands counsel and Jones Day, our U.S. counsel, (ii) auditing
services, and (iii) services to be provided by other advisors) incurred by the Company in connection with the Registration, including, without limitation, all such cost and expenses incurred in connection with the drafting and filing of the
Shelf Registration Statement and the negotiation and execution of this Agreement (the “Reimbursable Expenses”), which Reimbursable Expenses are expected to total approximately $40,000. The Investor further agrees to reimburse
the Company in full for all Reimbursable Expenses incurred in connection with the Company’s future filings with the SEC to facilitate the Investor with the sale of Registrable Securities. To the extent requested by the Company, and within 30
days of delivery of any invoices for such expenses (unless another due date is noted on any such invoice, in which case, the Investor shall pay such amount on or prior to the date provided on the invoice), the Investor shall, rather than reimbursing
the Company for expenses incurred and paid thereby, directly pay any Reimbursable Expenses to the applicable payee on behalf of the Company. 

 2.    Restriction on Registration Rights. Notwithstanding
anything to the contrary contained herein, the Company shall not be obligated to (but may, at its sole option) (a) file the Shelf Registration Statement (or any amendment thereto) (or, if the Company has filed the Shelf Registration Statement
and has included Registrable Securities therein, the Company shall be entitled to suspend the offer and sale of Registrable Securities pursuant to such Shelf Registration Statement) for a period of up to forty-five (45) days if the Company has
determined in good faith that the sale of Registrable Securities pursuant to the Shelf Registration Statement would require disclosure of material non-public information not otherwise required to be disclosed
under applicable securities laws (i) which disclosure would have a material adverse effect on the Company or (ii) relating to a material transaction involving the Company. 

3.    Blackout Periods. After the Shelf Registration Statement becomes effective, the Investor acknowledges and
agrees that it will comply with the Company’s insider trading policy and will not sell any of its Registrable Securities during the following periods: 

(a)    the four weeks prior to the end of each fiscal quarter of the Company until the fourth business days following each
quarterly earnings announcement of the Company; 
 (b)    when the Investor otherwise possesses material non-public information of the Company; and 
 (c)    after the financial statements
that are incorporated by reference in the Shelf Registration Statement become stale and before new financial statements are incorporated by reference in the Shelf Registration Statement. 

4.    Furnishing Information. The Investor shall furnish to the Company in writing such information as the Company
reasonably requests for use in connection with the Shelf Registration Statement or prospectus. 
 5.    Notices.
Any notice, report or payment required or permitted to be given or made under this Agreement by one party to the other shall be in writing and be deemed to have been duly given if by air courier guaranteeing overnight delivery, the day after being
sent; if delivered to the party personally, at the time of delivery; if sent to the party by facsimile, upon receipt of confirmation of “good transmission”; if sent via electronic mail upon receipt of the message by the recipient; or, if
mailed, when mailed by registered or certified mail (return receipt requested) with postage and registration or certification fees thereon prepaid, addressed to the other party at the following addresses (or at such other address as shall be given
in writing by one party to the other): 

  
 2 

 If to the Investor: 

Kaisa Group Holdings Limited 

Suite 2001, 20th Floor 

Two International Finance Centre 

8 Finance Street 
 Central, Hong
Kong 
 Fax: +852-3900 0990 

Email: felix.law@kaisagroup.com 

Attention: Mr. Felix Law 

With a copy to: 
 K&L Gates
LLP 
 44/F, Edinburgh Tower, the Landmark 

15 Queen’s Road Central, Hong Kong 

Fax: +852-2511.9515 

Email: virginia.tam@klgates.com 

Attention: Ms. Virginia Tam 

If to the Company: 
 Nam Tai
Property Inc. 
 Namtai Industrial Estate 

No. 2 Namtai Road, Gushu Community, Xixiang Township 

Baoan District, Shenzhen City, Guangdong Province 

People’s Republic of China 

Fax: +867-55-2749-0666 

Email: julian@namtai.com 

Attention: Mr. Julian Lin 

With a copy to: 
 Jones Day 

1755 Embarcadero Road 
 Palo
Alto, CA 94303 
 Fax:
+1-650-739-3900 

Email: aseem@jonesday.com 

Attn: Mr. Alan Seem 

6.    Entire Agreement. This Agreement contains the complete and entire understanding and agreement of the Parties
with respect to the subject matter hereof. 
 7.    Amendment; Beneficiaries. This Agreement may be amended only
with the written consent of each Party, which amendment will be binding on all of the Parties. This Agreement does not confer any rights or remedies upon any person other than the Parties, their respective successors and permitted assigns. 

  
 3 

 8.    Waiver of Breach. The waiver by any party of a breach of
any provision of this Agreement by any other party will not operate or be construed as a waiver of any subsequent breach of that provision or any other provision hereof. 

9.    Assignment. Neither party shall assign their rights or obligations under this Agreement without the express
written consent of the other party. 
 10.    Choice of Law. This Agreement shall be governed by and construed in
accordance with the domestic laws of the State of New York, without giving effect to any choice of law or conflict of law provision or rule (whether of the State of New York or any other jurisdiction) that would cause the application of the laws of
any jurisdiction other than the State of New York. 
 11.    Counterparts; Electronic Transmission. This
Agreement may be executed in multiple counterparts, each of which will be deemed an original, and all of which together will constitute one and the same document. Delivery of an executed signature page to this Agreement by facsimile or other
electronic transmission (including documents in Adobe PDF format) will be effective as delivery of a manually executed counterpart to this Agreement. 

12.    Termination. This Agreement shall terminate, and the Company’s obligation to keep the Shelf
Registration Statement effective shall end, upon the earliest to occur of: 
 (a)    all of the Registrable Securities
have been sold pursuant to the Shelf Registration Statement; and 
 (b)    Such time the Investor is permitted to sell
the Registrable Securities under Rule 144 (or any similar provision) under the Securities Act without limitation during a three-month period without registration. 

The provisions of Sections 5 to 11 shall survive any termination. 

[Signatures on the Following Page] 

  
 4 

 IN WITNESS WHEREOF, the parties have caused this Agreement to be duly executed and delivered
on the day and year first above written. 
  

			
	NAM TAI PROPERTY INC.
		
	By:	 	 /s/ Julian Lin

		 	Name: Julian Lin
		 	Title: Authorized Person
	
	KAISA GROUP HOLDINGS LIMITED
		
	By:	 	 /s/ Felix Law

		 	Name: Felix Law
		 	Title: Authorized Person

 (Signature Page to Expense Reimbursement Agreement) 

 AMENDMENT TO EXPENSE REIMBURSEMENT AGREEMENT 

This amendment (the “Amendment”) is made by Nam Tai Property Inc. and Kaisa
Group Holdings Limited dated as of August 2, 2019, parties to the EXPENSE REIMBURSEMENT AGREEMENT, dated as of November 16, 2018 (the “Agreement”). The Agreement is amended as noted below: 

1.    Reimbursement of Expenses (Revised). The Investor agrees to reimburse the Company for all fees, out of pocket
costs and expenses (including, but not limited to, registration expenses with the SEC and fees relating to (i) legal services to be provided by our British Virgin Islands counsel, and Jones Day and K&L Gates, our U.S. counsels,
(ii) auditing services, (iii) US duly authorized representative and process agent and (iv) services to be provided by other advisors) incurred by the Company in connection with the Registration, including, without limitation, all such
cost and expenses incurred in connection with the drafting and filing of the Shelf Registration Statement and the negotiation and execution of this Agreement (the “Reimbursable Expenses”), which Reimbursable Expenses are
expected to total approximately $90,000 (the “Reimbursement Limit”). The Investor further agrees to reimburse the Company in full for all Reimbursable Expenses incurred in connection with the Company’s future filings
with the SEC to facilitate the Investor with the sale of Registrable Securities. The Reimbursement Limit can be further increased upon written consent from the Investor. To the extent requested by the Company, and within 30 days of delivery of any
invoices for such expenses (unless another due date is noted on any such invoice, in which case, the Investor shall pay such amount on or prior to the date provided on the invoice), the Investor shall, rather than reimbursing the Company for
expenses incurred and paid thereby, directly pay any Reimbursable Expense to the applicable payee on behalf of the Company. If in the future, the Company uses any of the above services for other matters unrelated to the filing of Registration
Statement for the Investor, the Company shall bear the cost with the Investor in a way agreed between the Parties. 

2.    Notices (Revised). Any notice, report or payment required or permitted to be given or made under this
Agreement by one party to the other shall be in writing and be deemed to have been duly given if by air courier guaranteeing overnight delivery, the day after being sent; if delivered to the party personally, at the time of delivery; if sent to the
party by facsimile, upon receipt of confirmation of “good transmission”; if sent via electronic mail upon receipt of the message by the recipient; or, if mailed, when mailed by registered or certified mail (return receipt requested) with
postage and registration or certification fees thereon prepaid, addressed to the other party at the following addresses (or at such other address as shall be given in writing by one party to the other): 

 If to the Investor: 

Kaisa Group Holdings Limited 

Suite 2001, 20th Floor 

Two International Finance Centre 

8 Finance Street 
 Central, Hong
Kong 
 Fax: +852-3900 0990 

Email: felix.law@kaisagroup.com 

Attention: Mr. Felix Law 

If to the Company: 
 Nam Tai
Property Inc. 
 Unit 2526-2536, 25/F, Sun Hung Kai Centre, 30 Harbour Road, 

Wanchai, Hong Kong 
 Fax: +86-755-2747-2637 
 Emails: david.wan@namtai.com.cn and legal@namtai.com.cn 

Attention: Mr. David Wan and Ms. Olivia Tan 

This Amendment is to be read and construed with the Expense Reimbursement Agreement dated as of November 16, 2018, as a single
contractual agreement. The terms and conditions of the Agreement, unless otherwise amended herein, shall remain in effect. 
 [Signatures
on the Following Page] 

  
 2 

 IN WITNESS WHEREOF, the parties have caused this Amendment to be duly executed and delivered
on the day and year first above written. 
  

			
	NAM TAI PROPERTY INC.
		
	By:	 	 /s/ Zhang Yu

		 	Name: Zhang Yu
		 	Title: Chief Financial Officer
	
	KAISA GROUP HOLDINGS LIMITED
		
	By:	 	 /s/ Lee Kin Ping Gigi

		 	Name: Lee Kin Ping Gigi
		 	Title: Authorized Person

 (Signature Page to Amendment)

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