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EXHIBIT 10.1

PROMISSORY NOTE
U.S. $1,000,000.00    December 30, 2020

    FOR VALUE RECEIVED, Remark Holdings, Inc., a Delaware corporation (the “Maker”), hereby promises to pay to SVBooth Investments III, a Delaware limited liability company, or its successors and assigns (the “Payee”), the principal sum of One Million Dollars (U.S. $1,000,000.00).  The entire principal amount hereunder shall be due and payable in full on December 30, 2023 (the “Maturity Date”), or on such earlier date as such principal amount may earlier become due and payable pursuant to the terms hereof (this “Note”).
1.Interest Rate.  Interest shall accrue on the unpaid principal amount of this Note at the rate of ten percent (10%) per annum from the date of the first making of the loan for such principal amount until such unpaid principal amount is paid in full.  Interest hereunder shall be paid in cash on the Maturity Date or on such earlier date as the principal amount under this Note becomes due and payable and shall be computed on the basis of a 360-day year for the actual number of days elapsed. 
2.No Waiver of Payee’s Rights, etc.  All payments of principal and interest shall be made without setoff, deduction, or counterclaim.  No delay or failure on the part of the Payee in exercising any of its options, powers or rights, nor any partial or single exercise of its options, powers or rights shall constitute a waiver thereof or of any other option, power or right, and no waiver on the part of the Payee of any of its options, powers or rights shall constitute a waiver of any other option, power or right.  The Maker hereby waives presentment of payment, protest, and notices or demands in connection with the delivery, acceptance, performance, default or endorsement of this Note.  Acceptance by the Payee of less than the full amount due and payable hereunder shall in no way limit the right of the Payee to require full payment of all sums due and payable hereunder in accordance with the terms hereof.
3.Modifications.  No term or provision contained herein may be modified, amended or waived except by written agreement or consent signed by the party to be bound thereby.
4.Cumulative Rights and Remedies; Usury.  The rights and remedies of the Payee expressed herein are cumulative and not exclusive of any rights and remedies otherwise available. If it shall be found that any interest outstanding hereunder shall violate applicable laws governing usury, the applicable rate of interest outstanding hereunder shall be reduced to the maximum permitted rate of interest under such law.
5.Collection Expenses.  If this obligation is placed in the hands of an attorney for collection after default, and provided the Payee prevails on the merits in respect to its claim of default, the Maker shall pay (and shall indemnify and hold harmless the Payee from and against), all reasonable attorneys’ fees and expenses incurred by the Payee in pursuing collection of this Note.

6.Successors and Assigns.  This Note shall be binding upon the Maker and its successors and shall inure to the benefit of the Payee and its successors and assigns.  The term “Payee” as used herein, shall also include any endorsee, assignee or other holder of this Note.
7.Lost or Stolen Promissory Note.  If this Note is lost, stolen, mutilated or otherwise destroyed, the Maker shall execute and deliver to the Payee a new promissory note containing the same terms, and in the same form, as this Note.  In such event, the Maker may require the Payee to deliver to the Maker an affidavit of lost instrument and customary indemnity in respect thereof as a condition to the delivery of any such new promissory note.
8.Security.  The obligations of the Maker under this Note are a general unsecured obligation of the Maker.
9.Governing Law.  The corporate laws of the State of Delaware shall govern all issues concerning the relative rights of the Maker and its stockholders.  The Maker and the Payee hereby irrevocably submit to the exclusive jurisdiction of the state and federal courts sitting in the State of Delaware, for the adjudication of any dispute hereunder or in connection herewith, or with any transaction contemplated hereby or discussed herein, and hereby irrevocably waives, and agrees not to assert in any suit, action or proceeding, any claim that it is not personally subject to the jurisdiction of any such court, that such suit, action or proceeding is brought in an inconvenient forum or that the venue of such suit, action or proceeding is improper.  Each party hereby irrevocably waives personal service of process and consents to process being served in any such suit, action or proceeding by mailing a copy thereof to such party at the address for such notices to it under this Note and agrees that such service shall constitute good and sufficient service of process and notice thereof.  Nothing contained herein shall be deemed to limit in any way any right to serve process in any manner permitted by law.  THE MAKER AND THE PAYEE HEREBY IRREVOCABLY WAIVE ANY RIGHT IT MAY HAVE, AND AGREE NOT TO REQUEST, A JURY TRIAL FOR THE ADJUDICATION OF ANY DISPUTE HEREUNDER OR IN CONNECTION HEREWITH OR ARISING OUT OF THIS AGREEMENT OR ANY TRANSACTION CONTEMPLATED HEREBY.
10.Specific Enforcement, Consent to Jurisdiction.  The Maker and the Payee acknowledge and agree that irreparable damage would occur in the event that any of the provisions of this Note were not performed in accordance with their specific terms or were otherwise breached.  It is accordingly agreed that the parties shall be entitled to seek one or more preliminary and final injunctions to prevent or cure breaches of the provisions of this Note, this being in addition to any other remedy to which the parties may be entitled by law or equity.  Subject to Section 10 hereof, each of the Maker and the Payee hereby waives, and agrees not to assert in any such suit, action or proceeding, any claim that it is not personally subject to the jurisdiction in Delaware of such court, that the suit, action or proceeding is brought in an inconvenient forum, or that the venue of the suit, action, or proceeding is improper.  Nothing in this Section shall affect or limit any right to serve process in any other manner permitted by law.
 [Signature page follows.]
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IN WITNESS WHEREOF, the Maker has caused this Promissory Note to be duly executed and delivered as of the date first set forth above.

REMARK HOLDINGS, INC.
						
	 By:	/s/ Kai-Shing Tao
	 Name:	Kai-Shing Tao
	 Title:	Chairman and CEO
		
		

ACKNOWLEDGED AND AGREED:
    
SVBOOTH INVESTMENTS III
						
	 By:	/s/ Scott V Booth
	 Name:	Scott V Booth
	 Title:	Managing Member
		
		

  

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-4-newtek-sixthsupplemental

  SIXTH SUPPLEMENTAL INDENTURE    between    NEWTEK BUSINESS SERVICES CORP.    and    U.S. BANK NATIONAL ASSOCIATION,    as Trustee    Dated as of January 6, 2021  THIS SIXTH SUPPLEMENTAL INDENTURE (this “Sixth Supplemental Indenture”),  dated as of January 6, 2021, is between Newtek Business Services Corp., a Maryland corporation  (the “Company”), and U.S. Bank National Association, as trustee (the “Trustee”).  All  capitalized terms used but not otherwise defined herein shall have the meaning set forth in the  Base Indenture (as defined below).  RECITALS OF THE COMPANY  The Company and the Trustee executed and delivered an Indenture, dated as of  September 23, 2015 (the “Base Indenture,” as amended and supplemented by the Fifth  Supplemental Indenture, dated as of November 27, 2020 (the “Fifth Supplemental Indenture),  and together with the Base Indenture and the Sixth Supplemental Indenture, the “Indenture”), to  provide for the issuance by the Company from time to time of the Company’s unsecured  debentures, notes or other evidences of indebtedness (the “Securities”), to be issued in one or  more series as provided in the Indenture.  On November 27, 2020, $5,000,000 in aggregate principal amount of the Company’s  6.85% Notes due 2025 were issued under the Indenture (the “Existing Notes”). The Company  desires to reopen the series with the further issuance and sale of an additional $10,000,000 in  aggregate principal amount of the Company’s 6.85% Notes due 2025 (the “Notes”). The Notes  will form a single series with the Existing Notes under the Indenture.  Sections 901(4) and 901(6) of the Base Indenture provide that without the consent of  Holders of the Securities of any series issued under the Indenture, the Company, when  authorized by or pursuant to a Board Resolution, and the Trustee, at any time and from time to  time, may enter into one or more indentures supplemental to the Base Indenture to (i) change or  eliminate any of the provisions of the Indenture when there is no Security Outstanding of any  series created prior to the execution of the supplemental indenture that is entitled to the benefit of  such provision and (ii) establish the form or terms of Securities of any series as permitted by  Section 201 and Section 301 of the Base Indenture.  

 

  2  The Company desires to establish the form and terms of the Notes and to modify, alter,  supplement and change certain provisions of the Base Indenture for the benefit of the Holders of  the Notes (except as may be provided in a future supplemental indenture to the Indenture  (“Future Supplemental Indenture”)).  The Company has duly authorized the execution and delivery of this Sixth Supplemental  Indenture to provide for the issuance of the Notes and all acts and things necessary to make this  Sixth Supplemental Indenture a valid, binding, and legal obligation of the Company and to  constitute a valid agreement of the Company, in accordance with its terms, have been done and  performed.  NOW, THEREFORE, for and in consideration of the premises and the purchase of the  Notes by the Holders thereof, it is mutually agreed, for the equal and proportionate benefit of all  Holders of the Notes, as follows:  ARTICLE I  TERMS OF THE NOTES  Section 1.01. Terms of the Notes.  The following terms relating to the Notes are hereby  established:  (a) The Notes shall constitute a series of Senior Securities having the title      “6.85% Notes due 2025.” The Notes shall, upon the request of the holder, be assigned a CUSIP  number and an ISIN number; provided that the CUSIP number and ISIN number assigned to the  Notes also will be assigned to the Existing Notes.   (b) The aggregate principal amount of the Notes (including the Existing  Notes) that may be authenticated and delivered under the Indenture (except for Notes  authenticated and delivered upon registration of, transfer of, or in exchange for, or in lieu of,  other Notes pursuant to Sections 304, 305, 306, 906, 1107 or 1305 of the Base Indenture, and  except for any Securities that, pursuant to Section 303 of the Base Indenture, are deemed never  to have been authenticated and delivered under the Indenture) shall be $15,000,000 aggregate  principal amount.  Under a Board Resolution, Officers’ Certificate pursuant to Board Resolutions  or an indenture supplement, the Company may from time to time, without the consent of the  Holders of Notes, issue additional Notes (in any case, “Additional Notes”) having the same  ranking and the same interest rate, maturity and other terms as the Notes.  Any Additional Notes  and the existing Notes will constitute a single series under the Indenture and all references to the  relevant Notes herein shall include the Additional Notes unless the context otherwise requires.  (c) The entire outstanding principal of the Notes shall be payable on  November 30, 2025, unless earlier redeemed or repurchased in accordance with the provisions of  the Indenture.  (d) The rate at which the Notes shall bear interest shall be 6.85% per annum.   The date from which interest shall accrue on the Notes shall be January 6, 2021, or the most  recent Interest Payment Date to which interest has been paid or provided for; the Interest  Payment Dates for the Notes shall be February 28, May 31, August 31 and November 30 of each  year, commencing February 28, 2021 (if an Interest Payment Date falls on a day that is not a  

 

  3  Business Day, then the applicable interest payment will be made on the next succeeding  Business Day and no additional interest will accrue as a result of such delayed payment); the  initial interest period will be the period from and including January 6, 2021, to, but excluding,  the initial Interest Payment Date, and the subsequent interest periods will be the periods from and  including an Interest Payment Date to, but excluding, the next Interest Payment Date or the  Stated Maturity, as the case may be; the interest so payable, and punctually paid or duly provided  for, on any Interest Payment Date, will be paid to the Person in whose name the Note (or one or  more Predecessor Securities) is registered at the close of business on the Regular Record Date  for such interest, which shall be each February 15, May 15, August 15 and November 15  (whether or not a Business Day), as the case may be, next preceding such Interest Payment Date.   Payment of principal of (and premium, if any, on) and any such interest on the Notes will be  made at the office of the Trustee located at 100 Wall Street, 6th Floor, New York, New York  10005, Attention: Global Corporate Trust and at such other address as designated by the Trustee,  in such coin or currency of the United States of America as at the time of payment is legal tender  for payment of public and private debts; provided, however, that at the option of the Company  payment of interest may be made by check mailed to the address of the Person entitled thereto as  such address shall appear in the Security Register.  Interest on the Notes will be computed on the  basis of a 360-day year of twelve 30-day months.  (e) The Notes shall be initially issuable in definitive form (each such Note, a  “Definitive Note”).  Pursuant to the terms of this Sixth Supplemental Indenture, the Notes may  be subsequently exchanged for Notes in global form (each such Note, a “Global Note”). The  Definitive Note, any Global Note and the Trustee’s certificate of authentication thereon shall be  substantially in the form of Exhibit A to this Sixth Supplemental Indenture.  Each Note shall  represent the outstanding Notes as shall be specified therein and each shall provide that it shall  represent the aggregate amount of outstanding Notes from time to time endorsed thereon and that  the aggregate amount of outstanding Notes represented thereby may from time to time be  reduced or increased, as appropriate, to reflect exchanges and redemptions.  Any endorsement of  a Note to reflect the amount of any increase or decrease in the amount of outstanding Notes  represented thereby shall be made by the Trustee or the Security Registrar, in accordance with  Sections 203 and 305 of the Base Indenture.  (f) Every Note authenticated and delivered hereunder shall bear a legend in  substantially the following form (the “Restricted Securities Legend”) unless and until such  Restricted Securities Legend is no longer required in accordance with Section 1.01(h) of this  Sixth Supplemental Indenture:   THIS NOTE HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS  AMENDED (THE “SECURITIES ACT”), OR THE SECURITIES LAWS OF ANY STATE.  THIS NOTE MAY NOT BE OFFERED, SOLD, ASSIGNED, TRANSFERRED, PLEDGED,  ENCUMBERED OR OTHERWISE DISPOSED OF EXCEPT (A) IF REGISTERED UNDER  APPLICABLE SECURITIES LAWS OR (B) IN A TRANSACTION EXEMPT FROM THE  REGISTRATION REQUIREMENTS OF THE SECURITIES ACT AND APPLICABLE  STATE SECURITIES LAW, SUBJECT TO THE COMPANY’S AND THE TRUSTEE’S  RIGHT TO REQUIRE THE DELIVERY OF AN OPINION OF COUNSEL REASONABLY  SATISFACTORY TO EACH OF THEM THAT SUCH TRANSACTION DOES NOT  

 

  4  REQUIRE REGISTRATION UNDER THE SECURITIES ACT AND/OR APPLICABLE  STATE SECURITIES LAW.  (g) With respect to any proposed registration or transfer of any Note prior to  (x) the date which is six months (or such other date when resales of securities by non-Affiliates  are first permitted under Rule 144(d) of the Exchange Act) after the later of the date of the  original issue date of the applicable Notes or the date of any subsequent reopening of such Notes  or (y) such later date, if any, as may be required by applicable law (the “Resale Restriction  Termination Date”), the Holder of such Note and each subsequent Holder thereof shall offer,  sell, or otherwise transfer such Note only (i) pursuant to a registration statement which has  become effective under the Securities Act of 1933, as amended (the “Securities Act”) or (ii)  pursuant to an available exemption from the registration requirements of the Securities Act; in  each of the foregoing cases subject to any requirements of law that the disposition of its property  or the property of such investor account or accounts be at all times within its or their control and  in compliance with any applicable state securities laws. The foregoing restrictions on resale will  not apply subsequent to the Resale Restriction Termination Date.  (h) On any date following the Resale Restriction Termination Date, the  Holders of 100% in principal amount of the outstanding Notes may request the Company (i)  issue a Global Note not bearing a Restricted Securities Legend (an “Unrestricted Global Note”)  in exchange for all outstanding Definitive Notes, (ii) to register the Unrestricted Global Note  with the Depositary (as defined below) and (iii) to obtain an unrestricted CUSIP for the  Unrestricted Global Notes.  Within 90 days from receipt of such request or if the Company  otherwise elects, upon the Company’s satisfaction that the Restricted Securities Legend shall no  longer be required to maintain compliance with the Securities Act, the Company shall use  commercially reasonable efforts, but not be obligated, to (w) cause the Restricted Securities  Legend to be removed by delivering to the Trustee for authentication one or more Unrestricted  Global Notes, duly executed by the Company, in an aggregate principal amount equal to the  aggregate principal amount of Notes to be exchanged into such Unrestricted Global Notes, (x)  register, or cause to be registered, the Unrestricted Global Notes with the Depositary, (y) obtain,  or cause to be obtained, an unrestricted CUSIP for the Unrestricted Global Notes and (z) instruct  the Trustee and Depositary in writing to credit accounts of the Holders tendering such  outstanding Notes with a beneficial interest in the Unrestricted Global Notes in an amount equal  to the outstanding Notes tendered by such Holder (the “Elective Exchange”). The Notes from  which beneficial interests are transferred pursuant to the Elective Exchange shall be cancelled  following the Elective Exchange.  Upon the transfer or replacement of an Unrestricted Global Note (or beneficial interest  therein), the Trustee shall deliver an Unrestricted Global Note (or beneficial interest therein) and  upon the transfer or replacement of a Definitive Note not bearing a Restricted Securities Legend  (an “Unrestricted Definitive Note”), the Trustee shall deliver an Unrestricted Definitive Note.   Upon the transfer, exchange or replacement of a Global Note (or beneficial interest therein)  bearing a Restricted Securities Legend (a “Restricted Global Note”), the Trustee shall deliver  only a Restricted Global Note (or beneficial interest therein) and upon the transfer, exchange or  replacement of a Definitive Note bearing a Restricted Securities Legend (a “Restricted Definitive  Note”), the Trustee shall deliver only Restricted Definitive Notes unless, in each case, (i) a Note  is being transferred pursuant to an effective registration statement, (ii) Notes are being  

 

  5  exchanged for Notes that do not bear the Restricted Securities Legend in accordance with the  following paragraph, or (iii) there is delivered to the Trustee an Opinion of Counsel satisfactory  to it stating that neither such legend nor the related restrictions on transfer are required in order  to maintain compliance with the provisions of the Securities Act, upon which opinion the Trustee  may conclusively rely. The Company shall have no obligation to issue any Restricted Global  Note. Any Notes sold in a registered offering shall not be required to bear the Restricted  Securities Legend.   Any Definitive Note delivered in exchange for an interest in a Global Note shall bear the  applicable legend regarding transfer restrictions applicable thereto set forth in this Section 1.01  of this Sixth Supplemental Indenture unless (i) the Global Note is an Unrestricted Global Note,  or (ii) there is delivered to the Trustee an Opinion of Counsel satisfactory to it stating that neither  such legend nor the related restrictions on transfer are required in order to maintain compliance  with the provisions of the Securities Act, upon which opinion the Trustee may conclusively rely.   The Trustee shall have no obligation or duty to monitor, determine or inquire as to  compliance with any restrictions on transfer imposed under this Indenture or under applicable  law with respect to any transfer of any interest in any Note other than to require delivery of such  certificates and other documentation or evidence as are expressly required by, and to do so if and  when expressly required by, the terms of this Sixth Supplemental Indenture and any Notes, and  to examine the same to determine substantial compliance as to form with the express  requirements hereof.  All certifications, certificates and Opinions of Counsel required to be submitted to the  Security Registrar pursuant to this Section 1.01 of this Sixth Supplemental Indenture to effect a  registration of transfer or exchange may be submitted by facsimile or electronic means.  (i) The depositary for such Notes (the “Depositary”) shall be U.S. Bank  National Association.  The Security Registrar with respect to the Notes shall be the Trustee. The  Depositary for any Global Notes issued hereunder shall be the Depositary Custodian.   (j) The Notes shall be defeasible pursuant to Section 1402 or Section 1403 of  the Base Indenture.  Covenant defeasance contained in Section 1403 of the Base Indenture shall  apply to the covenants contained in Sections 1007, 1008, and 1009 of the Indenture.  (k) The Notes shall be redeemable pursuant to Section 1101 of the Base  Indenture and as follows:  (i) The Notes will be redeemable in whole or in part at any time or  from time to time, at the option of the Company, at a redemption price equal to 100% of the  outstanding principal amount thereof, plus accrued and unpaid interest payments otherwise  payable for the then-current quarterly interest period accrued to, but excluding, the date fixed for  redemption. In connection therewith, the Company shall pay the holder of the Notes a fee equal  to: (A) 1.00% of the principal amount of the Notes being redeemed if the Notes are redeemed in  whole or in part, at the option of the Company, any time beginning immediately after issuance  until the day before first anniversary of the issuance of such Notes; (B) 0.50% of the principal  amount of the Notes being redeemed if the Notes are redeemed in whole or in part, at the option  

 

  6  of the Company, any time on or after the first anniversary of the issuance thereof and before the  date that is one day before the third anniversary of the issuance thereof. The holder may waive  the fees described in (A) and (B) in its sole discretion. The Company shall not pay the holder of  the Notes a fee for Notes redeemed on or after the third anniversary of the issuance thereof.   (ii) Notice of redemption shall be given in writing and mailed, first- class postage prepaid or by overnight courier guaranteeing next-day delivery, to each Holder of  the Notes to be redeemed, not less than thirty (30) nor more than sixty (60) days prior to the  Redemption Date, at the Holder’s address appearing in the Security Register.  All notices of  redemption shall contain the information set forth in Section 1104 of the Base Indenture.  (iii) Any exercise of the Company’s option to redeem the Notes will be  done in compliance with the Investment Company Act, to the extent applicable.  (iv) If the Company elects to redeem only a portion of the Notes, the  Trustee will determine the method for selecting the particular Notes to be redeemed, in  accordance with Section 1103 of the Base Indenture and the Investment Company Act and the  rules of any national securities exchange or quotation system on which the Notes are listed, in  each case to the extent applicable.  (v) Unless the Company defaults in payment of the Redemption Price,  on and after the Redemption Date, interest will cease to accrue on the Notes called for  redemption hereunder.  (l) The Notes shall not be subject to any sinking fund pursuant to Section  1201 of the Base Indenture.  (m) The Notes shall be issuable in denominations of $25 and integral multiples  of $25 in excess thereof.  (n) Holders of the Notes will not have the option to have the Notes repaid  prior to the Stated Maturity.  (o) The Notes are hereby designated as “Senior Securities” under the  Indenture.  ARTICLE II  DEFINITIONS AND OTHER PROVISIONS OF GENERAL APPLICATION  Section 2.01. Except as may be provided in a Future Supplemental Indenture, for the  benefit of the Holders of the Notes but no other series of Securities under the Indenture, whether  now or hereafter issued and Outstanding, Article One of the Base Indenture shall be amended by  adding the following defined terms to Section 101 in appropriate alphabetical sequence, as  follows:   “‘Exchange Act’ means the Securities Exchange Act of 1934, as amended, and  any statute successor thereto.”   

 

  7  “‘GAAP’ means generally accepted accounting principles in the United States set  forth in the opinions and pronouncements of the Accounting Principles Board of the  American Institute of Certified Public Accountants, the opinions and pronouncements of  the Public Company Accounting Oversight Board and the statements and  pronouncements of the Financial Accounting Standards Board or in such other statements  by such other entity as have been approved by a significant segment of the accounting  profession in the United States, which are in effect from time to time.”   “‘Investment Company Act’ means the Investment Company act of 1940, as  amended, and the rules, regulations and interpretations promulgated thereunder, to the  extent applicable, and any statute successor thereto.”  Section 2.02. Except as may be provided in a Future Supplemental Indenture, for the  benefit of the Holders of the Notes but no other series of Securities under the Indenture, whether  now or hereafter issued and Outstanding, Article One of the Base Indenture shall be amended by  adding the following paragraph as the last paragraph of Section 105:   “The Trustee may rely upon and comply with instructions or directions sent via  unsecured facsimile or email transmission and the Trustee shall not be liable for any loss,  liability, or expense of any kind incurred by the Company or the Holders due to the  Trustee’s reliance upon and compliance with instructions or directions given by  unsecured facsimile or email transmission; provided, however, that such losses have not  arisen from the negligence or willful misconduct of the Trustee, it being understood that  the failure of the Trustee to verify or confirm that the person providing the instructions or  directions is, in fact, an authorized person does not constitute negligence or willful  misconduct.”  Section 2.03. Except as may be provided in a Future Supplemental Indenture, for the  benefit of the Holders of the Notes but no other series of Securities under the Indenture, whether  now or hereafter issued and Outstanding, Article One of the Base Indenture shall be amended by  replacing Section 112 with the following:   “Section 112.  Governing Law/Waiver of Trial by Jury.  This Indenture and the Securities shall be governed by and construed in  accordance with the law of the State of New York without regard to principles of  conflicts of laws. This Indenture is subject to the provisions of the Trust Indenture Act  that are required to be part of this Indenture and shall, to the extent applicable, be  governed by such provisions.  Each of the Company, the Holders, and the Trustee hereby irrevocably waives, to  the fullest extent permitted by applicable law, any and all right to trial by jury in any legal  proceeding arising out of or relating to this Indenture or the Securities.”  

 

  8  ARTICLE III  EXECUTION OF SECURITIES   Section 3.01. Except as may be provided in a Future Supplemental Indenture, for the  benefit of the Holders of the Notes but no other series of Securities under the Indenture, whether  now or hereafter issued and Outstanding, Section 303 of the Base Indenture shall be amended by  replacing the first paragraph thereof with the following:   “The Securities shall be executed on behalf of the Company by its Chief  Executive Officer, its President, its Chief Operating Officer, its Chief Financial Officer or  any of its Vice Presidents and attested by its Secretary, any of its Assistant Secretaries, or  its Chief Accounting Officer. The signature of any of these officers on the Securities may  be manual or facsimile signatures of the present or any future such authorized officer and  may be imprinted or otherwise reproduced on the Securities.”   ARTICLE IV  SATISFACTION AND DISCHARGE  Section 4.01. Except as may be provided in a Future Supplemental Indenture, for the  benefit of the Holders of the Notes but no other series of Securities under the Indenture, whether  now or hereafter issued and Outstanding, Article Four of the Base Indenture shall be amended by  adding the following new Section 403:  “Section 403.  Reinstatement.  If the Trustee or the Paying Agent is unable to apply any money in accordance  with any provision of this Article Four by reason of an order or judgment of any court or  governmental authority enjoining, restraining, or otherwise prohibiting such application,  the Company’s obligations under this Indenture and the Notes shall be revived and  reinstated as though no deposit had occurred pursuant to this Article Four until such time  as the Trustee or the Paying Agent is permitted to apply all such money in accordance  with this Article Four; provided, however, that if the Company makes any payment of  interest on or principal of any Note following the reinstatement of its obligations, the  Company shall be subrogated to the rights of the Holders thereof to receive such payment  from the money held by the Trustee or Paying Agent.”  ARTICLE V  TRUSTEE  Section 5.01. Except as may be provided in a Future Supplemental Indenture, for the  benefit of the Holders of the Notes but no other series of Securities under the Indenture, whether  now or hereafter issued and Outstanding, Section 602 of the Base Indenture shall be amended by  replacing clauses (11), (13), and (15) thereto and adding a new clause (19) thereto, each as set  forth below:  “(11)  The Trustee shall not be deemed to have notice of any Default or Event of  Default unless a (i) written notice of any event which is in fact such a default is received  by the Trustee at the Corporate Trust Office of the Trustee, and such notice references the  

 

  9  Securities and this Indenture or (ii), in the case of a Default or Event of Default in the  payment of the principal of (or premium, if any) or interest, if any, on any Security, or in  the payment of any sinking or purchase fund installment with respect to the Securities, a  Responsible Officer of the Trustee has actual knowledge thereof.”  “(13)  The permissive rights of the Trustee enumerated herein shall not be  construed as duties.”  “(15)  The Trustee shall not be liable for any action taken or omitted to be taken  by it in good faith and believed by it to be authorized or within the discretion or rights  and powers conferred upon it by this Indenture, and the Trustee shall not in any case be  liable for any act taken or omitted to be taken by it hereunder except for its own  negligence or willful misconduct.”  “(19)  If at any time the Trustee is served with any judicial or administrative  order, judgment, decree, writ or other form of judicial or administrative process which in  any way affects this Indenture, the  Securities, or funds held by it hereunder (including,  but not limited to, orders of attachment or garnishment or other forms of levies or  injunctions), the Trustee (i) shall notify the Company of such judicial or administrative  order, judgment, decree, writ or other form of judicial or administrative process (unless  and to the extent the Trustee is prohibited from providing such notification by applicable  law, regulation, or order or by such judicial or administrative order, judgment, decree,  writ or other form of judicial or administrative process)  and (ii) is authorized to comply  therewith; and if the Trustee complies with any such judicial or administrative order,  judgment, decree, writ or other form of judicial or administrative process, the Trustee  shall not be liable to any of the parties hereto or to any other person or entity for any  action taken in compliance therewith even though such order, judgment, decree, writ or  process may be subsequently modified or vacated or otherwise determined to have been  without legal force or effect.”  ARTICLE VI  COVENANTS  Section 6.01. Except as may be provided in a Future Supplemental Indenture, for the  benefit of the Holders of the Notes but no other series of Securities under the Indenture, whether  now or hereafter issued and Outstanding, Article Ten of the Base Indenture shall be amended by  replacing Section 1006 thereto and adding the following new Sections 1007, 1008, 1009 and  1010 thereto, each as set forth below:  “Section 1006. Waiver of Certain Defaults.  As specified pursuant to Section 301(15), for Securities of any series, the  Company may omit in any particular instance to comply with any covenant or condition  set forth in any covenants of the Company added to Article Ten pursuant to Section  301(14) or Section 301(15) in connection with the Securities of a series, if before or after  the time for such compliance the Holders of at least a majority in aggregate principal  amount of all Outstanding Securities of such series, by Act of such Holders, either waive  

 

  10  such compliance in such instance or generally waive compliance with such covenant or  condition, but no such waiver shall extend to or affect such covenant or condition except  to the extent so expressly waived, and, until such waiver shall become effective, the  obligations of the Company and the duties of the Trustee in respect of any such covenant  or condition shall remain in full force and effect. The Company will promptly notify the  Trustee in writing of any such waiver or the revocation of any such waiver.”  “Section 1007.  Section 18(a)(1)(A) of the Investment Company Act.  The Company hereby agrees that for the period of time during which Notes are  Outstanding, the Company will not violate Section 18(a)(1)(A) as modified by such  provisions of Section 61(a) of the Investment Company Act as may be applicable to the  Company from time to time, or any successor provisions thereto of the Investment  Company Act, whether or not the Company continues to be subject to such provisions of  the Investment Company Act, but giving effect, in either case, to any exemptive relief  granted to the Company by the Commission.”  “Section 1008.  Section 18(a)(1)(B) of the Investment Company Act.  The Company hereby agrees that for the period of time during which Notes are  Outstanding, pursuant to Section 18(a)(1)(B) as modified by such provisions of Section  61(a) of the Investment Company Act as may be applicable to the Company from time to  time, or any successor provisions thereto of the Investment Company Act, the Company  will not declare any dividend (except a dividend payable in stock of the Company), or  declare any other distribution, upon a class of the capital stock of the Company, or  purchase any such capital stock, unless, in every such case, at the time of the declaration  of any such dividend or distribution, or at the time of any such purchase, the Company  has an asset coverage (as defined in the Investment Company Act) of at least the  threshold specified in Section 18(a)(1)(B) as modified by such provisions of Section  61(a) of the Investment Company Act as may be applicable to the Company from time to  time, or any successor provisions thereto of the Investment Company Act, as such  obligation may be amended or superseded, after deducting the amount of such dividend,  distribution or purchase price, as the case may be, and in each case giving effect to (i) any  exemptive relief granted to the Company by the Commission, and (ii) any Commission  no-action relief granted by the Commission to another business development company  (or to the Company if it determines to seek such similar no-action or other relief)  permitting the business development company to declare any cash dividend or  distribution notwithstanding the prohibition contained in Section 18(a)(1)(B) as modified  by such provisions of Section 61(a) of the Investment Company Act as may be applicable  to the Company from time to time, as such obligation may be amended or superseded, in  order to maintain such business development company’s status as a regulated investment  company under Subchapter M of the Internal Revenue Code of 1986, as amended.”  “Section 1009.  Commission Reports and Reports to Holders.  If, at any time, the Company is not subject to the reporting requirements of  Sections 13 or 15(d) of the Exchange Act to file any periodic reports with the  

 

  11  Commission, the Company agrees to publish on its website and to furnish to the Holders  of Notes and the Trustee for the period of time during which the Notes are Outstanding:   (i) within 90 days after the end of the each fiscal year of the Company (which fiscal year  ends on December 31), audited annual consolidated financial statements of the Company  and (ii) within 45 days after the end of each fiscal quarter of the Company (other than the  Company’s fourth fiscal quarter), unaudited interim consolidated financial statements of  the Company.  All such financial statements shall be prepared, in all material respects, in  accordance with GAAP.  Delivery of these reports, information and documents to the Trustee is for  informational purposes only and the Trustee’s receipt of them will not constitute  constructive notice of any information contained therein or determinable from  information contained therein, including the Company’s compliance with any of its  covenants hereunder (as to which the trustee is entitled to rely exclusively on Officers’  Certificates).”  “Section 1010. Notice of Breach to Purchasers.   The Company will, so long as the Notes are Outstanding, deliver to the Holders,  within 10 consecutive Business Days, of any officer of the Company becoming aware of  any Default, Event of Default or default in the performance of any covenant, agreement  or condition contained in the Indenture, an Officers’ Certificate specifying such Default,  Event of Default or default in the performance of any covenant, agreement or condition  and what action the Company is taking or proposes to take with respect thereto and the  status thereof.”  ARTICLE VII  DEFEASANCE AND COVENANT DEFEASANCE  Section 7.01. Except as may be provided in a Future Supplemental Indenture, for the  benefit of the Holders of the Notes but no other series of Securities under the Indenture, whether  now or hereafter issued and Outstanding, Article Fourteen of the Base Indenture shall be  amended by adding the following new Section 1406:  “Section 1406.  Reinstatement.  If the Trustee or the Paying Agent is unable to apply any money or Government  Obligations in accordance with any provision of this Article Fourteen by reason of an  order or judgment of any court or governmental authority enjoining, restraining, or  otherwise prohibiting such application, the Company’s obligations under this Indenture  and the Notes shall be revived and reinstated as though no deposit had occurred pursuant  to this Article Fourteen until such time as the Trustee or the Paying Agent is permitted to  apply all such money and Government Obligations in accordance with this Article  Fourteen; provided, however, that if the Company makes any payment of interest on or  principal of any Note following the reinstatement of its obligations, the Company shall be  subrogated to the rights of the Holders thereof to receive such payment from the money  held by the Trustee or Paying Agent.”  

 

  12  ARTICLE VIII  MEETINGS OF HOLDERS OF SECURITIES  Section 8.01. Except as may be provided in a Future Supplemental Indenture, for the  benefit of the Holders of the Notes but no other series of Securities under the Indenture, whether  now or hereafter issued and Outstanding, Section 1505 of the Base Indenture shall be amended  by replacing clause (c) thereof with the following:  “(c) At any meeting of Holders, each Holder of a Security of such series or proxy  shall be entitled to one vote for each $25.00 principal amount of the Outstanding  Securities of such series held or represented by such Holder; provided, however, that no  vote shall be cast or counted at any meeting in respect of any Security challenged as not  Outstanding and ruled by the chairman of the meeting to be not Outstanding.  The  chairman of the meeting shall have no right to vote, except as a Holder of a Security of  such series or proxy.”  ARTICLE IX  MISCELLANEOUS  Section 9.01. This Sixth Supplemental Indenture and the Notes shall be governed by and  construed in accordance with the laws of the State of New York, without regard to principles of  conflicts of laws.  This Sixth Supplemental Indenture is subject to the provisions of the Trust  Indenture Act that are required to be part of the Indenture and shall, to the extent applicable, be  governed by such provisions.  Section 9.02. In case any provision in this Sixth Supplemental Indenture or in the Notes  shall be invalid, illegal or unenforceable, the validity, legality and enforceability of the remaining  provisions shall not in any way be affected or impaired thereby.  Section 9.03. For the avoidance of doubt, all notices, approvals, consents, requests and  any communications hereunder or with respect to the Notes must be in writing (provided that any  communication sent to Trustee hereunder must be in the form of a document that is signed  manually, by facsimile or by electronic signature, including without limitation, digital signature  provided by DocuSign (or such other digital signature provider as specified in writing to Trustee  by the authorized representative), all of which shall be of the same legal effect, validity or  enforceability as a manual executed signature and in English.  The Issuer agrees to assume all  risks arising out of the use of using digital signatures and electronic methods to submit  communications to Trustee, including without limitation the risk of Trustee acting on  unauthorized instructions, and the risk of interception and misuse by third parties.  Section 9.04. This Sixth Supplemental Indenture may be executed in counterparts, each  of which will be an original, but such counterparts will together constitute but one and the same  Sixth Supplemental Indenture.  The exchange of copies of this Sixth Supplemental Indenture and  of signature pages by facsimile, .pdf transmission, email or other electronic means shall  constitute effective execution and delivery of this Sixth Supplemental Indenture for all purposes.   Signatures of the parties hereto transmitted by facsimile, .pdf transmission, email or other  electronic means shall be deemed to be their original signatures for all purposes.  

 

  13  Section 9.05. The Base Indenture, as supplemented and amended by this Sixth  Supplemental Indenture, is in all respects ratified and confirmed, and the Base Indenture and this  Sixth Supplemental Indenture shall be read, taken and construed as one and the same instrument  with respect to the Notes.  All provisions included in this Sixth Supplemental Indenture  supersede any conflicting provisions included in the Base Indenture with respect to the Notes,  unless not permitted by law.  The Trustee accepts the trusts created by the Base Indenture, as  supplemented by this Sixth Supplemental Indenture, and agrees to perform the same upon the  terms and conditions of the Base Indenture, as supplemented by this Sixth Supplemental  Indenture.  Section 9.06. The provisions of this Sixth Supplemental Indenture shall become  effective as of the date hereof.  Section 9.07. Notwithstanding anything else to the contrary herein, the terms and  provisions of this Sixth Supplemental Indenture shall apply only to the Notes and shall not apply  to any other series of Securities under the Indenture and this Sixth Supplemental Indenture shall  not and does not otherwise affect, modify, alter, supplement or change the terms and provisions  of any other series of Securities under the Indenture, whether now or hereafter issued and  Outstanding.  Section 9.08. The recitals contained herein and in the Notes shall be taken as the  statements of the Company, and the Trustee assumes no responsibility for their correctness.  The  Trustee makes no representations as to the validity or sufficiency of this Sixth Supplemental  Indenture, the Notes or any Additional Notes, except that the Trustee represents that it is duly  authorized to execute and deliver this Sixth Supplemental Indenture, authenticate the Notes and  any Additional Notes and perform its obligations hereunder.  The Trustee shall not be  accountable for the use or application by the Company of the Notes or any Additional Notes or  the proceeds thereof.     

 

[Signature page to Sixth Supplemental Indenture] IN WITNESS WHEREOF, the parties hereto have caused this Sixth Supplemental  Indenture to be duly executed as of the date first above written. NEWTEK BUSINESS SERVICES  CORP. By: Name: Barry Sloane Title: Chief Executive Officer   U.S. BANK NATIONAL  ASSOCIATION, as Trustee By: Name: Orlando Jones Title: Assistant Vice President  DocuSign Envelope ID: 9676A99C-1358-4315-8846-F65DB62506E5 

 

[Signature page to Sixth Supplemental Indenture] IN WITNESS WHEREOF, the parties hereto have caused this Sixth Supplemental  Indenture to be duly executed as of the date first above written. NEWTEK BUSINESS SERVICES  CORP. By: Name: Barry Sloane Title: Chief Executive Officer   U.S. BANK NATIONAL  ASSOCIATION, as Trustee By: Name: Orlando Jones Title: Assistant Vice President  

 

  Exhibit A – 1    Exhibit A – Form of Note  THIS NOTE HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS  AMENDED (THE “SECURITIES ACT”), OR THE SECURITIES LAWS OF ANY STATE.  THIS NOTE MAY NOT BE OFFERED, SOLD, ASSIGNED, TRANSFERRED, PLEDGED,  ENCUMBERED OR OTHERWISE DISPOSED OF EXCEPT (A) IF REGISTERED UNDER  APPLICABLE SECURITIES LAWS OR (B) IN A TRANSACTION EXEMPT FROM THE  REGISTRATION REQUIREMENTS OF THE SECURITIES ACT AND APPLICABLE  STATE SECURITIES LAW, SUBJECT TO THE COMPANY’S AND THE TRUSTEE’S  RIGHT TO REQUIRE THE DELIVERY OF AN OPINION OF COUNSEL REASONABLY  SATISFACTORY TO EACH OF THEM THAT SUCH TRANSACTION DOES NOT  REQUIRE REGISTRATION UNDER THE SECURITIES ACT AND/OR APPLICABLE  STATE SECURITIES LAW.  Newtek Business Services Corp.  No.               $         6.85% Notes due 2025  Newtek Business Services Corp., a corporation duly organized and existing under the  laws of Maryland (herein called the “Company,” which term includes any successor Person  under the Indenture hereinafter referred to), for value received, hereby promises to pay to        ,  or registered assigns, the principal sum of                              (U.S. $                ) on November 30,  2025 and to pay interest thereon from January 6, 2021 or from the most recent Interest Payment  Date to which interest has been paid or duly provided for, quarterly on February 28, May 31,  August 31 and November 30 in each year, commencing February 28, 2021, at the rate of 6.85%  per annum, until the principal hereof is paid or made available for payment.  The interest so  payable, and punctually paid or duly provided for, on any Interest Payment Date will, as  provided in such Indenture, be paid to the Person in whose name this Security is registered at the  close of business on the Regular Record Date for such interest, which shall be February 15, May  15, August 15 and November 15 (whether or not a Business Day), as the case may be, next  preceding such Interest Payment Date.  Any such interest not so punctually paid or duly provided  for will forthwith cease to be payable to the Holder on such Regular Record Date and may either  be paid to the Person in whose name this Security is registered at the close of business on a  Special Record Date for the payment of such Defaulted Interest to be fixed by the Trustee, notice  whereof shall be given to Holders of Securities of this series not less than 10 days prior to such  Special Record Date, or be paid at any time in any other lawful manner not inconsistent with the  requirements of any securities exchange on which the Securities of this series may be listed, and  upon such notice as may be required by such exchange, all as more fully provided in said  Indenture.  This Security may be issued as part of a series.  Payment of the principal of (and premium, if any, on) and any such interest on this  Security will be made at the office of the Trustee located at 100 Wall Street, 6th Floor, New  York, New York 10005, Attention: Global Corporate Trust and at such other address as  

 

  Exhibit A – 2  designated by the Trustee, in such coin or currency of the United States of America as at the time  of payment is legal tender for payment of public and private debts; provided, however, that at the  option of the Company payment of interest may be made by check mailed to the address of the  Person entitled thereto as such address shall appear in the Security Register.  Reference is hereby made to the further provisions of this Security set forth on the  reverse hereof, which further provisions shall for all purposes have the same effect as if set forth  at this place.  Unless the certificate of authentication hereon has been executed by the Trustee referred  to on the reverse hereof by manual signature, this Security shall not be entitled to any benefit  under the Indenture or be valid or obligatory for any purpose.   

 

  Exhibit A – 3  IN WITNESS WHEREOF, the Company has caused this instrument to be duly executed.  Dated:    NEWTEK BUSINESS SERVICES  CORP.        By:        Name:   Title:         Attest    By:        Name:  Title:   

 

  Exhibit A – 4  This is one of the Securities of the series designated therein referred to in the within- mentioned Indenture.  Dated:    U.S. BANK NATIONAL ASSOCIATION,  as Trustee        By:        Authorized Signatory    

 

  1     Newtek Business Services Corp.  6.85% Notes due 2025  This Security is one of a duly authorized issue of Senior Securities of the Company  (herein called the “Securities”), issued and to be issued in one or more series under an Indenture,  dated as of September 23, 2015 (herein called the “Base Indenture”, which term shall have the  meaning assigned to it in such instrument), between the Company and U.S. Bank National  Association, as Trustee (herein called the “Trustee”, which term includes any successor trustee  under the Base Indenture), and reference is hereby made to the Base Indenture for a statement of  the respective rights, limitations of rights, duties and immunities thereunder of the Company, the  Trustee, and the Holders of the Securities and of the terms upon which the Securities are, and are  to be, authenticated and delivered, as supplemented by the Fifth Supplemental Indenture, dated  as of November 27, 2020, by and between the Company and the Trustee (herein called the “Fifth  Supplemental Indenture”), and as further supplemented by the Sixth Supplemental Indenture  relating to the Securities, dated January 6, 2021, by and between the Company and the Trustee  (herein called the “Sixth Supplemental Indenture”, and the Fifth Supplemental Indenture, the  Sixth Supplemental Indenture and the Base Indenture collectively are herein called the  “Indenture”).  In the event of any conflict between the Base Indenture, the Fifth Supplemental  Indenture, and the Sixth Supplemental Indenture, the Sixth Supplemental Indenture shall govern  and control.  This Security is one of the series designated on the face hereof, which series is initially  limited in aggregate principal amount to $                         .  Under a Board Resolution, Officers’  Certificate pursuant to Board Resolutions or an indenture supplement, the Company may from  time to time, without the consent of the Holders of Securities, issue additional Securities of this  series (in any such case “Additional Securities”) having the same ranking and the same interest  rate, maturity and other terms as the Securities.  Any Additional Securities and the existing  Securities will constitute a single series under the Indenture and all references to the relevant  Securities herein shall include the Additional Securities unless the context otherwise requires.   The aggregate amount of outstanding Securities represented hereby may from time to time be  reduced or increased, as appropriate, to reflect exchanges and redemptions.  The Securities of this series are subject to redemption in whole or in part at any time or  from time to time, at the option of the Company, at a redemption price per security equal to  100% thereof on the outstanding principal amount thereof plus accrued and unpaid interest  payments otherwise payable for the then-current quarterly interest period accrued to, but  excluding, the date fixed for redemption. In connection therewith, the Company shall pay the  holder of the Notes a fee equal to: (A) 1.00% of the principal amount of the Notes being  redeemed if the Notes are redeemed in whole or in part, at the option of the Company, any time  beginning immediately after issuance until the day before first anniversary of the issuance of  such Notes; (B) 0.50% of the principal amount of the Notes being redeemed if the Notes are  redeemed in whole or in part, at the option of the Company, any time on or after the first  anniversary of the issuance thereof and before the date that is one day before the third  anniversary of the issuance thereof. The holder may waive the fee described in (A) and (B) in its  sole discretion. The Company shall not pay the holder of the Notes a fee for Notes redeemed on  or after the third anniversary of the issuance thereof.  

 

  2  Notice of redemption shall be given in writing and mailed, first-class postage prepaid or  by overnight courier guaranteeing next-day delivery, to each Holder of the Securities to be  redeemed, not less than thirty (30) nor more than sixty (60) days prior to the Redemption Date, at  the Holder’s address appearing in the Security Register.  All notices of redemption shall contain  the information set forth in Section 1104 of the Base Indenture.  Any exercise of the Company’s option to redeem the Securities will be done in  compliance with the Investment Company Act, to the extent applicable.  If the Company elects to redeem only a portion of the Securities, the Trustee will  determine the method for selecting the particular Securities to be redeemed, in accordance with  Section 1.01 of the Sixth Supplemental Indenture and Section 1103 of the Base Indenture.  In the  event of redemption of this Security in part only, a new Security or Securities of this series and  of like tenor for the unredeemed portion hereof will be issued in the name of the Holder hereof  upon the cancellation hereof.  Unless the Company defaults in payment of the Redemption Price, on and after the  Redemption Date, interest will cease to accrue on the Securities called for redemption.  Holders of Securities do not have the option to have the Securities repaid prior to  November 30, 2025.  The Indenture contains provisions for defeasance at any time of the entire indebtedness of  this Security or certain restrictive covenants and Events of Default with respect to this Security,  in each case upon compliance with certain conditions set forth in the Indenture.  If an Event of Default with respect to Securities of this series shall occur and be  continuing, the principal of the Securities of this series may be declared due and payable in the  manner and with the effect provided in the Indenture.  The Indenture permits, with certain exceptions as therein provided, the amendment  thereof and the modification of the rights and obligations of the Company and the rights of the  Holders of the Securities of each series to be affected under the Indenture at any time by the  Company and the Trustee with the consent of the Holders of not less than a majority in principal  amount of the Securities at the time Outstanding of each series to be affected.  The Indenture also  contains provisions permitting the Holders of specified percentages in principal amount of the  Securities of each series at the time Outstanding, on behalf of the Holders of all Securities of  such series, to waive compliance by the Company with certain provisions of the Indenture and  certain past defaults under the Indenture and their consequences.  Any such consent or waiver by  the Holder of this Security shall be conclusive and binding upon such Holder and upon all future  Holders of this Security and of any Security issued upon the registration of transfer hereof or in  exchange herefor or in lieu hereof, whether or not notation of such consent or waiver is made  upon this Security.  As provided in and subject to the provisions of the Indenture, the Holder of this Security  shall not have the right to institute any proceeding with respect to the Indenture or for the  appointment of a receiver or trustee or for any other remedy thereunder, unless such Holder shall  have previously given the Trustee written notice of a continuing Event of Default with respect to  

 

  3  the Securities of this series, the Holders of not less than 25% in principal amount of the  Securities of this series at the time Outstanding shall have made written request to the Trustee to  institute proceedings in respect of such Event of Default in its own name as Trustee and offered  the Trustee indemnity, security, or both reasonably satisfactory to the Trustee against the costs,  expenses and liabilities to be incurred in compliance with such request, and the Trustee shall not  have received from the Holders of a majority in principal amount of Securities of this series at  the time Outstanding a direction inconsistent with such request, and shall have failed to institute  any such proceeding, for sixty (60) days after receipt of such notice, request and offer of  indemnity and/or security.  The foregoing shall not apply to any suit instituted by the Holder of  this Security for the enforcement of any payment of principal hereof or any premium or interest  hereon on or after the respective due dates expressed herein.  No reference herein to the Indenture and no provision of this Security or of the Indenture  shall alter or impair the obligation of the Company, which is absolute and unconditional, to pay  the principal of and any premium and interest on this Security at the times, place and rate, and in  the coin or currency, herein prescribed.  As provided in the Indenture and subject to certain limitations therein set forth, the  transfer of this Security is registrable in the Security Register, upon surrender of this Security for  registration of transfer at the office or agency of the Company in any place where the principal of  and any premium and interest on this Security are payable, duly endorsed by, or accompanied by  a written instrument of transfer in form satisfactory to the Company and the Security Registrar  duly executed by, the Holder hereof or his attorney duly authorized in writing, and thereupon one  or more new Securities of this series and of like tenor, of authorized denominations and for the  same aggregate principal amount, will be issued to the designated transferee or transferees.  The Securities of this series are issuable only in registered form without coupons in  denominations of $25 and any integral multiples of $25 in excess thereof.  As provided in the  Indenture and subject to certain limitations therein set forth, Securities of this series are  exchangeable for a like aggregate principal amount of Securities of this series and of like tenor of  a different authorized denomination, as requested by the Holder surrendering the same.  No service charge shall be made for any such registration of transfer or exchange, but the  Company, the Trustee, or the Security Registrar may require payment of a sum sufficient to  cover any tax or other governmental charge payable in connection therewith.  Prior to due presentment of this Security for registration of transfer, the Company, the  Trustee, or the Security Registrar and any agent of the Company, the Trustee, or the Security  Registrar may treat the Person in whose name this Security is registered as the owner hereof for  all purposes, whether or not this Security be overdue, and none of the Company, the Trustee, the  Security Registrar, or any agent thereof shall be affected by notice to the contrary.  All terms used in this Security which are defined in the Indenture shall have the meanings  assigned to them in the Indenture.  The Indenture and this Security shall be governed by and construed in accordance with  the laws of the State of New York, without regard to principles of conflicts of laws.  

 

  4  To the extent any provision of this Security conflicts with the express provisions of the  Indenture, the provisions of the Indenture shall govern and be controlling.  

 

  Exhibit A – 5    Exhibit A – Form of Global Note  This Security is a Global Note within the meaning of the Indenture hereinafter referred to and is  registered in the name of The Depository Trust Company or a nominee thereof.  This Security  may not be exchanged in whole or in part for a Security registered, and no transfer of this  Security in whole or in part may be registered, in the name of any Person other than The  Depository Trust Company or a nominee thereof, except in the limited circumstances described  in the Indenture.  Unless this certificate is presented by an authorized representative of The Depository Trust  Company to the issuer or its agent for registration of transfer, exchange or payment and such  certificate issued in exchange for this certificate is registered in the name of Cede & Co., or such  other name as requested by an authorized representative of The Depository Trust Company, any  transfer, pledge or other use hereof for value or otherwise by or to any person is wrongful, as the  registered owner hereof, Cede & Co., has an interest herein.  Newtek Business Services Corp.  No.               $    CUSIP No.    ISIN No.   6.85% Notes due 2025  Newtek Business Services Corp., a corporation duly organized and existing under the  laws of Maryland (herein called the “Company,” which term includes any successor Person  under the Indenture hereinafter referred to), for value received, hereby promises to pay to        ,  or registered assigns, the principal sum of                              (U.S. $                ) on November 30,  2025 and to pay interest thereon from January 6, 2021 or from the most recent Interest Payment  Date to which interest has been paid or duly provided for, quarterly on February 28, May 31,  August 31 and September 30 in each year, commencing February 28, 2021, at the rate of 6.85%  per annum, until the principal hereof is paid or made available for payment.  The interest so  payable, and punctually paid or duly provided for, on any Interest Payment Date will, as  provided in such Indenture, be paid to the Person in whose name this Security is registered at the  close of business on the Regular Record Date for such interest, which shall be February 15, May  15, August 15 and September 15 (whether or not a Business Day), as the case may be, next  preceding such Interest Payment Date.  Any such interest not so punctually paid or duly provided  for will forthwith cease to be payable to the Holder on such Regular Record Date and may either  be paid to the Person in whose name this Security is registered at the close of business on a  Special Record Date for the payment of such Defaulted Interest to be fixed by the Trustee, notice  whereof shall be given to Holders of Securities of this series not less than 10 days prior to such  Special Record Date, or be paid at any time in any other lawful manner not inconsistent with the  requirements of any securities exchange on which the Securities of this series may be listed, and  upon such notice as may be required by such exchange, all as more fully provided in said  Indenture.  This Security may be issued as part of a series.  

 

  Exhibit A – 6  Payment of the principal of (and premium, if any, on) and any such interest on this  Security will be made at the office of the Trustee located at 100 Wall Street, 6th Floor, New  York, New York 10005, Attention: Global Corporate Trust and at such other address as  designated by the Trustee, in such coin or currency of the United States of America as at the time  of payment is legal tender for payment of public and private debts; provided, however, that at the  option of the Company payment of interest may be made by check mailed to the address of the  Person entitled thereto as such address shall appear in the Security Register; provided, further,  however, that so long as this Security is registered to Cede & Co., such payment will be made by  wire transfer in accordance with the procedures established by The Depository Trust Company  and the Trustee.   Reference is hereby made to the further provisions of this Security set forth on the  reverse hereof, which further provisions shall for all purposes have the same effect as if set forth  at this place.  Unless the certificate of authentication hereon has been executed by the Trustee referred  to on the reverse hereof by manual signature, this Security shall not be entitled to any benefit  under the Indenture or be valid or obligatory for any purpose.   

 

  Exhibit A – 7  IN WITNESS WHEREOF, the Company has caused this instrument to be duly executed.  Dated:    NEWTEK BUSINESS SERVICES  CORP.        By:        Name:   Title:         Attest    By:        Name:  Title:   

 

  Exhibit A – 8  This is one of the Securities of the series designated therein referred to in the within- mentioned Indenture.  Dated:    U.S. BANK NATIONAL ASSOCIATION,  as Trustee        By:        Authorized Signatory    

 

  1  Newtek Business Services Corp.  6.85% Notes due 2025  This Security is one of a duly authorized issue of Senior Securities of the Company  (herein called the “Securities”), issued and to be issued in one or more series under an Indenture,  dated as of September 23, 2015 (herein called the “Base Indenture”, which term shall have the  meaning assigned to it in such instrument), between the Company and U.S. Bank National  Association, as Trustee (herein called the “Trustee”, which term includes any successor trustee  under the Base Indenture), and reference is hereby made to the Base Indenture for a statement of  the respective rights, limitations of rights, duties and immunities thereunder of the Company, the  Trustee, and the Holders of the Securities and of the terms upon which the Securities are, and are  to be, authenticated and delivered, as supplemented by the Fifth Supplemental Indenture, dated  as of November 27, 2020, by and between the Company and the Trustee (herein called the “Fifth  Supplement Indenture”), and as further supplemented by the Sixth Supplemental Indenture  relating to the Securities, dated January 6, 2021, by and between the Company and the Trustee  (herein called the “Sixth Supplemental Indenture”, the Fifth Supplemental Indenture, the Sixth  Supplemental Indenture and the Base Indenture collectively are herein called the “Indenture”).   In the event of any conflict between the Base Indenture, the Fifth Supplemental Indenture, and  the Sixth Supplemental Indenture, the Sixth Supplemental Indenture shall govern and control.  This Security is one of the series designated on the face hereof, which series is initially  limited in aggregate principal amount to $                         .  Under a Board Resolution, Officers’  Certificate pursuant to Board Resolutions or an indenture supplement, the Company may from  time to time, without the consent of the Holders of Securities, issue additional Securities of this  series (in any such case “Additional Securities”) having the same ranking and the same interest  rate, maturity and other terms as the Securities.  Any Additional Securities and the existing  Securities will constitute a single series under the Indenture and all references to the relevant  Securities herein shall include the Additional Securities unless the context otherwise requires.   The aggregate amount of outstanding Securities represented hereby may from time to time be  reduced or increased, as appropriate, to reflect exchanges and redemptions.  The Securities of this series are subject to redemption in whole or in part at any time or  from time to time, at the option of the Company, at a redemption price per security equal to  100% thereof on the outstanding principal amount thereof plus accrued and unpaid interest  payments otherwise payable for the then-current quarterly interest period accrued to, but  excluding, the date fixed for redemption. In connection therewith, the Company shall pay the  holder of the Notes a fee equal to: (A) 1.00% of the principal amount of the Notes being  redeemed if the Notes are redeemed in whole or in part, at the option of the Company, any time  beginning immediately after issuance until the day before first anniversary of the issuance of  such Notes; (B) 0.50% of the principal amount of the Notes being redeemed if the Notes are  redeemed in whole or in part, at the option of the Company, any time on or after the first  anniversary of the issuance thereof and before the date that is one day before the third  anniversary of the issuance thereof. The holder may waive the fee described in (A) and (B) in its  sole discretion. The Company shall not pay the holder of the Notes a fee for Notes redeemed on  or after the third anniversary of the issuance thereof.  

 

  2  Notice of redemption shall be given in writing and mailed, first-class postage prepaid or  by overnight courier guaranteeing next-day delivery, to each Holder of the Securities to be  redeemed, not less than thirty (30) nor more than sixty (60) days prior to the Redemption Date, at  the Holder’s address appearing in the Security Register.  All notices of redemption shall contain  the information set forth in Section 1104 of the Base Indenture.  Any exercise of the Company’s option to redeem the Securities will be done in  compliance with the Investment Company Act, to the extent applicable.  If the Company elects to redeem only a portion of the Securities, the Trustee or the  Depositary, as applicable, will determine the method for selecting the particular Securities to be  redeemed, in accordance with Section 1.01 of the Sixth Supplemental Indenture and Section  1103 of the Base Indenture.  In the event of redemption of this Security in part only, a new  Security or Securities of this series and of like tenor for the unredeemed portion hereof will be  issued in the name of the Holder hereof upon the cancellation hereof.  Unless the Company defaults in payment of the Redemption Price, on and after the  Redemption Date, interest will cease to accrue on the Securities called for redemption.  Holders of Securities do not have the option to have the Securities repaid prior to  November 30, 2025.  The Indenture contains provisions for defeasance at any time of the entire indebtedness of  this Security or certain restrictive covenants and Events of Default with respect to this Security,  in each case upon compliance with certain conditions set forth in the Indenture.  If an Event of Default with respect to Securities of this series shall occur and be  continuing, the principal of the Securities of this series may be declared due and payable in the  manner and with the effect provided in the Indenture.  The Indenture permits, with certain exceptions as therein provided, the amendment  thereof and the modification of the rights and obligations of the Company and the rights of the  Holders of the Securities of each series to be affected under the Indenture at any time by the  Company and the Trustee with the consent of the Holders of not less than a majority in principal  amount of the Securities at the time Outstanding of each series to be affected.  The Indenture also  contains provisions permitting the Holders of specified percentages in principal amount of the  Securities of each series at the time Outstanding, on behalf of the Holders of all Securities of  such series, to waive compliance by the Company with certain provisions of the Indenture and  certain past defaults under the Indenture and their consequences.  Any such consent or waiver by  the Holder of this Security shall be conclusive and binding upon such Holder and upon all future  Holders of this Security and of any Security issued upon the registration of transfer hereof or in  exchange herefor or in lieu hereof, whether or not notation of such consent or waiver is made  upon this Security.  As provided in and subject to the provisions of the Indenture, the Holder of this Security  shall not have the right to institute any proceeding with respect to the Indenture or for the  appointment of a receiver or trustee or for any other remedy thereunder, unless such Holder shall  have previously given the Trustee written notice of a continuing Event of Default with respect to  

 

  3  the Securities of this series, the Holders of not less than 25% in principal amount of the  Securities of this series at the time Outstanding shall have made written request to the Trustee to  institute proceedings in respect of such Event of Default in its own name as Trustee and offered  the Trustee indemnity, security, or both reasonably satisfactory to the Trustee against the costs,  expenses and liabilities to be incurred in compliance with such request, and the Trustee shall not  have received from the Holders of a majority in principal amount of Securities of this series at  the time Outstanding a direction inconsistent with such request, and shall have failed to institute  any such proceeding, for sixty (60) days after receipt of such notice, request and offer of  indemnity and/or security.  The foregoing shall not apply to any suit instituted by the Holder of  this Security for the enforcement of any payment of principal hereof or any premium or interest  hereon on or after the respective due dates expressed herein.  No reference herein to the Indenture and no provision of this Security or of the Indenture  shall alter or impair the obligation of the Company, which is absolute and unconditional, to pay  the principal of and any premium and interest on this Security at the times, place and rate, and in  the coin or currency, herein prescribed.  As provided in the Indenture and subject to certain limitations therein set forth, the  transfer of this Security is registrable in the Security Register, upon surrender of this Security for  registration of transfer at the office or agency of the Company in any place where the principal of  and any premium and interest on this Security are payable, duly endorsed by, or accompanied by  a written instrument of transfer in form satisfactory to the Company and the Security Registrar  duly executed by, the Holder hereof or his attorney duly authorized in writing, and thereupon one  or more new Securities of this series and of like tenor, of authorized denominations and for the  same aggregate principal amount, will be issued to the designated transferee or transferees.  The Securities of this series are issuable only in registered form without coupons in  denominations of $25 and any integral multiples of $25 in excess thereof.  As provided in the  Indenture and subject to certain limitations therein set forth, Securities of this series are  exchangeable for a like aggregate principal amount of Securities of this series and of like tenor of  a different authorized denomination, as requested by the Holder surrendering the same.  No service charge shall be made for any such registration of transfer or exchange, but the  Company, the Trustee, or the Security Registrar may require payment of a sum sufficient to  cover any tax or other governmental charge payable in connection therewith.  Prior to due presentment of this Security for registration of transfer, the Company, the  Trustee, or the Security Registrar and any agent of the Company, the Trustee, or the Security  Registrar may treat the Person in whose name this Security is registered as the owner hereof for  all purposes, whether or not this Security be overdue, and none of the Company, the Trustee, the  Security Registrar, or any agent thereof shall be affected by notice to the contrary.  All terms used in this Security which are defined in the Indenture shall have the meanings  assigned to them in the Indenture.  The Indenture and this Security shall be governed by and construed in accordance with  the laws of the State of New York, without regard to principles of conflicts of laws.  

 

  4  To the extent any provision of this Security conflicts with the express provisions of the  Indenture, the provisions of the Indenture shall govern and be controlling.

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