Document:

Exhibit 4.11

 

The Depository Trust Company

A subsidiary of The Depository Trust and Clearing Corporation

 

MEDIUM-TERM NOTE — MASTER NOTE

 

April 6, 2020

(Date of Issuance)

 

John Deere Capital Corporation (“Issuer”), a corporation organized and existing under the laws of the State of Delaware, for value received, hereby promises to pay to Cede & Co. or its registered assigns (i) on each principal payment date, including each amortization date, redemption date, repayment date, maturity date, and extended maturity date as applicable, of each obligation identified on the records of Issuer (which records are maintained by The Bank of New York Mellon (“Paying Agent”)) as being evidenced by this Master Note, the principal amount then due and payable for each such obligation, and (ii) on each interest payment date, if any, the interest then due and payable on the principal amount for each such obligation.  Payment shall be made by wire transfer of United States dollars to the registered owner, or in immediately available funds or the equivalent to a party as authorized by the registered owner and in the currency other than United States dollars as provided for in each obligation, by Paying Agent without the necessity of presentation and surrender of this Master Note.

 

REFERENCE IS HEREBY MADE TO THE FURTHER PROVISIONS OF THIS MASTER NOTE SET FORTH ON THE REVERSE HEREOF.

 

This Master Note is a valid and binding obligation of Issuer.

 

IN WITNESS WHEREOF, Issuer has caused this instrument to be duly executed under its corporate seal.

 

	
ATTEST:
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
John   Deere Capital Corporation
    
	
(Signature)
    	
 
    	
 
    	
(Issuer)
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
By:
    	
 
    
	
 
    	
 
    	
 
    	
(Authorized Signature)
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    
	
[Seal]
    	
 
    	
 
    	
The Bank of New York Mellon
    
	
 
    	
 
    	
 
    	
(Trustee)
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
By:
    	
 
    
	
 
    	
 
    	
 
    	
(Authorized Signature)
    

 

 

(Reverse Side of Note)

 

This Master Note evidences indebtedness of Issuer of a single Series of InterNotes® (the “Debt Obligation”) and ranks pari passu with all other unsecured and unsubordinated indebtedness of the Company, all issued or to be issued under and pursuant to an Indenture dated as of March 15, 1997, as amended (the “Indenture”), duly executed and delivered by Issuer to The Bank of New York Mellon, as trustee (“Trustee”), to which Indenture and all indentures supplemental thereto reference is hereby made for a description of the rights, duties, and immunities thereunder of Trustee and the rights thereunder of the holders of the Debt Obligations.  As provided in the Indenture, the Debt Obligations may mature at different times, may bear interest, if any, at different rates, may be subject to different redemption and repayment provisions, if any, may be subject to different sinking purchase, or analogous funds, if any, may be subject to different covenants and events of default, and may otherwise vary as in the Indenture provided or permitted.  The Debt Obligations designated as the InterNotes of Issuer Due Nine Months or More From Date of Issue aggregated with any other indebtedness of Issuer of this Series are limited (except, as provided in the Indenture) to the principal amount of $3,000,000,000 in addition to issuances of the Series prior to the date of this Master Note.

 

No reference herein to the Indenture and no provision of this Master Note or of the Indenture shall alter or impair the obligation of Issuer, which is absolute and unconditional, to pay the principal of, premium, if any, and interest, if any, on each Debt Obligation at the times, places, and rates, and in the coin or currency, identified on the records of Issuer.

 

At the request of the registered owner, Issuer shall promptly issue and deliver one or more separate note certificates evidencing each Debt Obligation evidenced by this Master Note.  As of the date any such note certificate or certificates are issued, the Debt Obligations which are evidenced thereby shall no longer be evidenced by this Master Note.

 

 

FOR VALUE RECEIVED, the undersigned hereby sells, assigns, and transfers unto

 

(Name, Address, and Taxpayer Identification Number of Assignee)

 

the Master Note and all rights thereunder, hereby irrevocably constituting and appointing                     attorney to transfer said Master Note on the books of Issuer with full power of substitution in the premises.

 

	
 
    	
 
    	
 
    
	
Dated:
    	
 
    	
(Signature)
    
	
 
    	
 
    	
 
    
	
Signature(s) Guaranteed:  
    	
 
    	
NOTICE:  The signature on this assignment must   correspond with the name as written upon the face of this Master Note, in   every particular, without alteration or enlargement or any change whatsoever.
    

 

Unless this certificate is presented by an authorized representative of The Depository Trust Company, a New York corporation (“DTC”), to issuer or its agent for registration of transfer, exchange, or payment, and any certificate issued is registered in the name of Cede & Co. or in such other name as is requested by an authorized representative of DTC (and any payment is made to Cede & Co. or to such other entity as is requested by an authorized

 

 

representative of DTC), ANY TRANSFER, PLEDGE, OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL inasmuch as the registered owner hereof, Cede & Co., has an interest herein.

 

 

JOHN DEERE CAPITAL CORPORATION

 

RIDER TO MASTER NOTE DATED APRIL 6, 2020

 

JOHN DEERE CAPITAL CORPORATION INTERNOTESÒ

 

This rider forms a part of and is incorporated into the Master Note dated April 6, 2020 of John Deere Capital Corporation (the “Company”) registered in the name of Cede & Co., or its registered assigns, evidencing the Company’s InterNotes® (the “Notes”).

 

REFERENCE IS HEREBY MADE TO THE FURTHER PROVISIONS OF SUCH MASTER NOTE (TOGETHER WITH THIS RIDER HEREIN REFERRED TO AS THIS “MASTER NOTE”) SET FORTH IN THE RECORDS OF THE COMPANY MAINTAINED BY THE TRUSTEE, WHICH RECORDS CONSIST OF THE PRICING SUPPLEMENT(S) TO THE PROSPECTUS SUPPLEMENT DATED APRIL 6, 2020 AND PROSPECTUS DATED APRIL 6, 2020 RELATING TO EACH ISSUANCE OF NOTES, AS FILED BY THE COMPANY WITH THE SECURITIES AND EXCHANGE COMMISSION. SUCH FURTHER PROVISIONS SHALL FOR ALL PURPOSES HAVE THE SAME EFFECT AS THOUGH FULLY SET FORTH HEREIN.

 

THIS MASTER NOTE IS A GLOBAL SECURITY WITHIN THE MEANING OF THE INDENTURE AND IS REGISTERED IN THE NAME OF THE DEPOSITORY TRUST COMPANY (THE “DEPOSITARY”) OR A NOMINEE THEREOF. UNLESS AND UNTIL IT IS EXCHANGED IN WHOLE OR IN PART FOR THE INDIVIDUAL SECURITIES REPRESENTED HEREBY, THIS GLOBAL SECURITY MAY NOT BE TRANSFERRED EXCEPT AS A WHOLE BY THE DEPOSITARY TO A NOMINEE OF THE DEPOSITARY OR BY A NOMINEE OF THE DEPOSITARY TO THE DEPOSITARY OR ANOTHER NOMINEE OF THE DEPOSITARY OR BY THE DEPOSITARY OR ANY SUCH NOMINEE TO A SUCCESSOR DEPOSITARY OR A NOMINEE OF SUCH SUCCESSOR DEPOSITARY.

 

InterNotes® is a registered servicemark of Incapital Holdings LLC

 

 

ANNEX A

 

REPAYMENT ELECTION FORM

 

JOHN DEERE CAPITAL CORPORATION

 

JDCC INTERNOTES®

 

CUSIP NUMBER     

 

To: The Bank of New York Mellon

 

The undersigned financial institution (the “Financial Institution”) represents the following:

 

·                  The Financial Institution has received a request for repayment from the executor or other authorized representative (the “Authorized Representative”) of the deceased beneficial owner listed below (the “Deceased Beneficial Owner”) of JDCC InterNotes® of John Deere Capital Corporation (the “Company”) (CUSIP No.          ) (the “Notes”).

 

·                  At the time of his or her death, the Deceased Beneficial Owner owned Notes in the principal amount listed below, the Deceased Beneficial Owner acquired such Notes at least six months prior to such request for repayment, and the Financial Institution currently holds such Notes as a direct or indirect participant in The Depository Trust Company (the “Depositary”).

 

The Financial Institution agrees to the following terms:

 

·                  The Financial Institution shall follow the instructions (the “Instructions”) accompanying this Repayment Election Form (the “Form”).

 

·                  The Financial Institution shall make all records specified in the Instructions supporting the above representations available to The Bank of New York Mellon (the “Trustee”) for inspection and review within five Business Days of the Trustee’s request.

 

·                  If any of the Financial Institution, the Trustee or the Company, in its reasonable discretion, deems any of the records specified in the Instructions supporting the above representations unsatisfactory to substantiate a claim for repayment, the Financial Institution shall not be obligated to submit this Form, and the Trustee or the Company may deny repayment. If the Financial Institution cannot substantiate a claim for repayment, it shall notify the Trustee and the Company immediately.

 

·                  Other than the limited situation involving tenders of Notes that are not accepted during one calendar year as a result of the Annual Option Limitation or the Individual Option Limitation as described in the prospectus supplement for the Notes, otherwise valid repayment elections may not be withdrawn.

 

·                  The Financial Institution agrees to indemnify and hold harmless the Trustee and the Company against and from any and all claims, liabilities, costs, losses, expenses, suits and damages resulting from the Financial Institution’s above representations and request for repayment on behalf of the Authorized Representative.

 

 

REPAYMENT ELECTION FORM

 

	
(1)
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
Name of Deceased   Beneficial Owner
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
(2)
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
Date of Death
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
(3)
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
Date of acquisition of   Note by Deceased Beneficial Owner
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
(4)
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
Name of Authorized   Representative Requesting Repayment
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
(5)
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
Name of Financial   Institution Requesting Repayment
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
(6)
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
Signature of   Representative of Financial Institution Requesting Repayment
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
(7)
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
Principal Amount of   Requested Repayment
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
(8)
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
Date of Election
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
(9)
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
Date Requested for   Repayment
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
(10)
    	
Financial Institution:
    	
 
    	
(11)
    	
Wire Instruction for   Repayment:
    
	
 
    	
Representative Name:
    	
 
    	
 
    	
Bank Name:
    
	
 
    	
Phone Number:
    	
 
    	
 
    	
ABA Number:
    
	
 
    	
Fax Number:
    	
 
    	
 
    	
Account Name:
    
	
 
    	
Mailing Address (no   P.O. Box):
    	
 
    	
 
    	
Account Number:
    
	
 
    	
 
    	
 
    	
 
    	
Reference (Optional):
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
TO BE COMPLETED BY THE   TRUSTEE:
    	
 
    	
 
    	
 
    
	
(A)
    	
Election Number*:
    	
 
    	
 
    	
 
    
	
(B)
    	
Delivery and Payment   Date:
    	
 
    	
 
    	
 
    
	
(C)
    	
Principal Amount:
    	
 
    	
 
    	
 
    
	
(D)
    	
Accrued Interest:
    	
 
    	
 
    	
 
    
	
(E)
    	
Date of Receipt of   Form by the Trustee:
    	
 
    	
 
    	
 
    
	
(F)
    	
Date of Acknowledgment   by the Trustee:
    	
 
    	
 
    	
 
    

 

*          To be assigned by the Trustee upon receipt of this Form. An acknowledgement, in the form of a copy of this document with the assigned Election Number, will be returned to the representative and location designated on line (10) above.

 

 

INSTRUCTIONS FOR COMPLETING REPAYMENT ELECTION FORM

AND EXERCISING REPAYMENT OPTION

 

Capitalized terms used and not defined herein have the meanings defined in the accompanying Repayment Election Form.

 

1.     Collect and retain for a period of at least three years (1) satisfactory evidence of the authority of the Authorized Representative, (2) satisfactory evidence of death of the Deceased Beneficial Owner, (3) satisfactory evidence that the Deceased Beneficial Owner beneficially owned, at the time of his or her death, the Notes being submitted for repayment and satisfactory evidence that the Deceased Beneficial Owner acquired the Notes at least six months prior to the request for payment, and (4) any necessary tax waivers. For purposes of determining whether the Notes will be deemed beneficially owned by an individual at the time of death, the following rules shall apply:

 

·                  Notes beneficially owned by tenants by the entirety or joint tenants will be regarded as beneficially owned by a single owner. The death of a tenant by the entirety or joint tenant will be deemed the death of the beneficial owner, and the Notes beneficially owned will become eligible for repayment. The death of a person beneficially owning a Note by tenancy in common will be deemed the death of a holder of a Note only with respect to the deceased holder’s interest in the Note so held by tenancy in common, unless a husband and wife are the tenants in common, in which case the death of either will be deemed the death of the holder of the Note, and the entire principal amount of the Note so held will be eligible for repayment.

 

·                  Notes beneficially owned by a trust will be regarded as beneficially owned by each beneficiary of the trust to the extent of that beneficiary’s interest in the trust (however, a trust’s beneficiaries collectively cannot be beneficial owners of more Notes than are owned by the trust). The death of a beneficiary of a trust will be deemed the death of the beneficial owner of the Notes beneficially owned by the trust to the extent of that beneficiary’s interest in the trust. The death of an individual who was a tenant by the entirety or joint tenant in a tenancy which is the beneficiary of a trust will be deemed the death of the beneficiary of the trust. The death of an individual who was a tenant in common in a tenancy which is the beneficiary of a trust will be deemed the death of the beneficiary of the trust only with respect to the deceased holder’s beneficiary interest in the Note, unless a husband and wife are the tenants in common, in which case the death of either will be deemed the death of the beneficiary of the trust.

 

·                  The death of a person who, during his or her lifetime, was entitled to substantially all of the beneficial interest in a Note will be deemed the death of the beneficial owner of that Note, regardless of the registration of ownership, if such beneficial interest can be established to the satisfaction of the Trustee and the Company. Such beneficial interest will exist in many cases of street name or nominee ownership, ownership by a trustee, ownership under the Uniform Gift to Minors Act and community property or other joint ownership arrangements between spouses. Beneficial interest will be evidenced by such factors as the power to sell or otherwise dispose of a Note, the right to receive the proceeds of sale or disposition and the right to receive interest and principal payments on a Note.

 

2.     Indicate the name of the Deceased Beneficial Owner on line (1).

 

3.     Indicate the date of death of the Deceased Beneficial Owner on line (2).

 

4.     Indicate the date of the acquisition of the Note by the Deceased Beneficial Owner on line (3).

 

5.     Indicate the name of the Authorized Representative requesting repayment on line (4).

 

6.     Indicate the name of the Financial Institution requesting repayment on line (5).

 

7.     Affix the authorized signature of the Financial Institution’s representative on line (6).

 

THE SIGNATURE MUST BE MEDALLION SIGNATURE GUARANTEED.

 

 

8.     Indicate the principal amount of Notes to be repaid on line (7).

 

9.     Indicate the date this Form was completed on line (8).

 

10.  Indicate the date of requested repayment on line (9). The date of requested repayment may not be earlier than the first Interest payment Date to occur at least 20 calendar days after the date of the Company’s acceptance of the Notes for repayment, unless such date is not a Business Day, in which case the date of requested repayment may be no earlier than the next succeeding Business Day.

 

11.  Indicate the name, mailing address (no P.O. boxes, please), telephone number and facsimile-transmission number of the party to whom the acknowledgment of this election may be sent on line (10).

 

12.  Indicate the wire instruction for payment on line (11).

 

13.  Leave lines (A), (B), (C), (D), (E) and (F) blank.

 

14.  Mail or otherwise deliver an original copy of the completed Form to:

 

	
By Registered Mail:

The Bank of New York   Mellon

ITS-Survivor Option   Processing

P.O. Box 2320

Dallas, TX 75221-2370
    	
 
    	
By Courier or Overnight   Delivery:

The Bank of New York   Mellon

ITS-Survivor Option   Processing

2001 Bryan Street - 9th   Floor

Dallas, TX 75201
    

 

FACSIMILE TRANSMISSIONS OF THE REPAYMENT ELECTION FORM

WILL NOT BE ACCEPTED

 

15.  If the acknowledgement of the Trustee’s receipt of this Form, including the assigned Election Number, is not received within 10 days of the date such information is sent to the Trustee, contact the Trustee at the address given in (14) above.

 

For assistance with the Form or any questions relating thereto, please contact the Trustee at the address given in (14) above or at 1-800-254-2826.

 

 

ABBREVIATIONS

 

The following abbreviations, when used in the inscription on the face of this instrument, shall be construed  as though they were written out in full according to applicable laws or regulations:

 

	
TEN   COM
    	
-
    	
as   tenants in common
    
	
 
    	
 
    	
 
    
	
TEN   ENT
    	
-
    	
as   tenants by the entireties
    

 

	
JT TEN
    	
-
    	
as   joint tenants with right of survivorship and not as tenants in common
    

 

	
UNIF GIFT MIN ACT - ______ Custodian   ______
    

                                                        (Cust.)                  (Minor)

 

     Under Uniform Gifts to Minors Act

_________________________________

(State)

Additional abbreviations may also be used though not in the above list.

 

FOR VALUE RECEIVED, the undersigned

hereby sell(s), assign(s) and transfer(s) unto

 

PLEASE INSERT SOCIAL SECURITY OR OTHER IDENTIFYING NUMBER OF ASSIGNEE

 

	
 
    
	
Please print or type name and address, including   zip code of assignee
    

 

 

the within Security of JOHN DEERE CAPITAL CORPORATION and all rights thereunder and does hereby irrevocably constitute and appoint

 

Attorney to transfer the said Security on the books of the within-named Company, with full power of substitution in the premises.

 

	
Dated
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
SIGNATURE GUARANTEED:
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
NOTICE: The signature   to this assignment must correspond with the name as it appears upon the face   of the within Security in every particular, without alteration or enlargement   or any change whatsoever.Ex 10.1 Modification Agreement

		

			Exhibit 10.1

		

		

			 

		

		
			NOTICE OF CONFIDENTIALITY RIGHTS: IF YOU ARE A NATURAL PERSON, YOU MAY REMOVE OR STRIKE ANY OR ALL OF THE FOLLOWING INFORMATION FROM ANY INSTRUMENT THAT TRANSFERS AN INTEREST IN REAL PROPERTY BEFORE IT IS FILED FOR RECORD IN THE PUBLIC RECORDS: YOUR SOCIAL SECURITY NUMBER OR YOUR DRIVER’S LICENSE NUMBER
		

		
			______________________________________________________________________________
		

		
			﻿
		

		
			MODIFICATION AGREEMENT
		

		
			THE STATE OF TEXAS§
		

		
			       §
		

		
			COUNTY OF DALLAS §
		

		
			THIS MODIFICATION AGREEMENT ("Agreement") is entered into to be effective as of the 1st day of April, 2020 (the “Effective Date”), by and between THE DALLAS MORNING NEWS, INC., a Delaware corporation‎ ("Lender"), and CHARTER DMN HOLDINGS, LP, a Texas limited partnership‎ ("Borrower").
		

		
			R E C I T A L S:
		

			
	
			
				 A.
			Lender is the sole owner and holder of that one certain Promissory Note (the "Seller Financing Promissory Note") dated May 17, 2019, executed by Borrower and payable to the order of Lender in the original principal amount of Twenty-Two Million Four Hundred Thousand and No/100 Dollars ($22,400,000.00).  The Seller Financing Promissory Note is also hereinafter referred to as the "Note."

			
	
			
				 B.
			The Note is secured by a Deed of Trust, Security Agreement – Financing Statement executed by Borrower ("Grantor") to Vicky Pogue Gunning, Trustee, dated May 17, 2019 (the "Deed of Trust"), filed for record under Instrument No. 201900127889 in the Real Property Records of Dallas County, Texas, covering certain real property located in said county as more particularly described in Exhibit A attached hereto (the "Property"). The Note, Deed of Trust, and all modifications, renewals and extensions thereof are hereafter collectively referred to as the "Loan Documents."  

			
	
			
				 C.
			Borrower has requested that Lender modify certain provisions of the Note (a) to accept payment of the interest payment in the amount of $194,929.28 due on April 1, 2020 (the “April Interest Payment”) under the Note by Lender advancing such payment to itself on behalf of Borrower and including such payment as outstanding principal due by Borrower under that certain Promissory Note (Interest and Property Tax Reconciliation) of even date herewith (the “Second Lien Note”) in the original principal amount of $374,713.52, and (b) to cross-default the Note to the Second Lien Note, each as hereinafter provided, and in consideration thereof Borrower has made certain agreements with Lender as hereinafter more fully set forth.

			
	
			
				 D.
			Lender has agreed to such requests, subject to the terms and conditions set forth herein.

		

		

		 

		

			1

		

		

			

		

 

		NOW, THEREFORE, for and in consideration of Ten Dollars ($10.00) and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged and agreed, Borrower and Lender hereby agree as follows:
		

			
	
			
				 1.
			Acknowledgment of Outstanding Balance.  The parties hereto acknowledge that the outstanding principal balance of the Note as of April 1, 2020 was $22,400,000.00.

			
	
			
				 2.
			Interest Payment Due April 1, 2020.  Lender has financed payment of the April Interest Payment under the Second Lien Note and upon execution of this Agreement, the Second Lien Note, and the Second Lien Deed of Trust (as defined in the Second Lien Note) and the filing of the Second Lien Deed of Trust in the Real Property Records of Dallas County, Texas, such April Interest Payment shall be deemed made. ‎

			
	
			
				 3.
			Cross Default.  Paragraph 5 of the Note is hereby amended in its entirety to read as follows: 

		
			Default.  It is expressly provided that upon (a) default in the punctual payment of this Note or any part hereof, principal or interest, as the same shall become due and payable; provided, no more than once in any twelve (12) month period, Lender shall provide written notice of such default to Borrower and it shall not be a default unless Borrower fails to cure such default within five (5) calendar days after written notice from ‎Lender, ‎or‎ ‎(b) default under that certain Promissory Note (Interest and Property Tax Reconciliation) dated April 1, 2020 in the original ‎principal amount of $374,713.52 executed by Borrower ‎payable to the order of Lender (the ‎‎“Second Lien Note”) and the failure of such default to be cured within the grace or cure period, if any, ‎applicable thereto under the Second Lien Note‎, or (c) the occurrence of an event of default specified in any of the other Loan Documents (as defined below) and the failure of such default to be cured within the grace or cure period, if any, applicable thereto under the Loan Documents,  the holder of this Note may, at its option, without further notice or demand, (i) declare the outstanding principal balance of and accrued but unpaid interest on this Note at once due and payable, (ii) foreclose all liens securing payment hereof, (iii) pursue any and all other rights, remedies and recourses available to the holder hereof, including but not limited to any such rights, remedies or recourses under the Loan Documents, at law or in equity, or (iv) pursue any combination of the foregoing; and in the event default is made in the prompt payment of this Note when due or declared due, and the same is placed in the hands of an attorney for collection, or suit is brought on same, or the same is collected through probate, bankruptcy or other judicial proceedings, then the Borrower agrees and promises to pay all costs of collection, including reasonable attorneys’ fees.
		

			
	
			
				 4.
			Usury.  No provisions of this Agreement or the Loan Documents shall require the payment or permit the collection, application or receipt of interest in excess of the maximum permitted by applicable state or federal law.  If any excess of interest in such respect is herein or in any such other instrument provided for, or shall be adjudicated to be so provided for 
		

		 

		

			2

		

 

			herein or in any such instrument, the provisions of this paragraph shall govern, and neither Borrower nor any endorsers of the Note nor their respective successors, assigns or personal representatives shall be obligated to pay the amount of such interest to the extent it is in excess of the amount permitted by applicable law.  It is expressly stipulated and agreed to be the intent of Borrower and Lender to at all times comply with the usury and other laws relating to the Loan Documents and any subsequent revisions, repeals or judicial interpretations thereof, to the extent applicable thereto.  In the event Lender or other holder of the Note ever receives, collects or applies as interest any such excess, such amount which would be excessive interest shall be applied to the reduction of the unpaid principal balance of the Note and, if upon such application the principal balance of the Note is paid in full, any remaining excess shall be forthwith paid to Borrower and the provisions of the Loan Documents shall immediately be deemed reformed and the amounts thereafter collectible thereunder reduced, without the necessity of execution of any new document, so as to comply with the then applicable law, but so as to permit the recovery of the fullest amount otherwise called for thereunder.  In determining whether or not the interest paid or payable under any specific contingency exceeds the maximum interest allowed to be charged by applicable law, Borrower and Lender or other holder hereof shall, to the maximum extent permitted under applicable law, amortize, prorate, allocate and spread the total amount of interest throughout the entire term of the Note so that the amount or rate of interest charged for any and all periods of time during the term of the Note is to the greatest extent possible less than the maximum amount or rate of interest allowed to be charged by law during the relevant period of time.  Notwithstanding any of the foregoing, if at any time applicable laws shall be changed so as to permit a higher rate or amount of interest to be charged than that permitted prior to such change, then unless prohibited by law, references in the Note to "applicable law" for purposes of determining the maximum interest or rate of interest that can be charged shall be deemed to refer to such applicable law as so amended to allow the greater amount or rate of interest.

			
	
			
				 5.
			Release and Waiver of Claims. In consideration of (i) the modification of certain provisions of the Note, as herein provided, and (ii) the other benefits received by Borrower hereunder, Borrower hereby RELEASES, RELINQUISHES and forever DISCHARGES Lender, as well as its predecessors, successors, assigns, agents, officers, directors, employees and representatives, of and from any and all claims, demands, actions and causes of action of any and every kind or character, past or present, for which Borrower has knowledge as of the date of execution of this Agreement, against Lender and its predecessors, successors, assigns, agents, officers, directors, employees and representatives arising out of or with respect to (a) any right or power to bring any claim against Lender for usury or to pursue any cause of action against Lender based on any claim of usury, and (b) any and all transactions relating to the Loan Documents occurring prior to the date hereof, including any loss, cost or damage, of any kind or character, arising out of or in any way connected with or in any way resulting from the acts, actions or omissions of Lender, and its predecessors, successors, assigns, agents, officers, directors, employees and representatives, including any breach of fiduciary duty, breach of any duty of fair dealing, breach of confidence, breach of funding commitment, undue influence, duress, economic coercion, conflict of interest, negligence, bad faith, malpractice, intentional or negligent infliction of mental distress, tortious interference with contractual relations, tortious interference with corporate governance or 
		

		 

		

			3

		

 

			prospective business advantage, breach of contract, deceptive trade practices, libel, slander or conspiracy, but in each case only to the extent permitted by applicable law. 

			
	
			
				 6.
			Reaffirmation of Representations, Etc.  Borrower hereby reaffirms to Lender each of the representations, warranties, covenants and agreements of Borrower set forth in the Loan Documents, as amended hereby.

			
	
			
				 7.
			Enforceable Obligations.  Borrower hereby ratifies, affirms, reaffirms, acknowledges, confirms and agrees that the Loan Documents, as modified by this Agreement, represent valid and enforceable obligations of Borrower, and Borrower further acknowledges that there are no known existing claims, defenses, personal or otherwise, or rights of setoff whatsoever with respect to the Note, and Borrower further acknowledges and represents that no event has occurred and no known condition exists which would constitute a default under the Loan Documents or this Agreement, either with or without notice or lapse of time, or both.

			
	
			
				 8.
			No Release of Liens.  This Agreement in no way acts as a release or relinquishment of the liens, security interests and rights (the "Liens") created or evidenced by the Deed of Trust.  The Liens are hereby ratified and confirmed by Borrower in all respects and are extended to secure (i) the principal amount of the Note, (ii) all interest, charges and other sums payable with respect thereto, and (iii) the performance of all other obligations under the Note and Deed of Trust.

			
	
			
				 9.
			Additional Modifications and Extensions/Additional Requirements.  Notwithstanding anything to the contrary contained herein or inferred hereby or in any other instrument executed by Borrower or in any other action or conduct undertaken by Borrower on or before the date hereof, the agreements, covenants and provisions contained herein shall constitute the only evidence of Lender's consent to modify the terms and provisions of the Loan Documents in the manner set forth herein.  No express or implied consent to any further extensions and/or modifications involving any of the matters set forth in this Agreement or otherwise, shall be inferred or implied from Lender's execution of this Agreement.  Further, Lender's execution of this Agreement shall not constitute a waiver (either express or implied) of the requirement that any further extensions and/or modifications of the Loan Documents shall require the express written approval of Lender, no such approval (either express or implied) having been given as of the date hereof. Except as expressly stated herein, the deferral of the current interest payment shall not be construed as a consent ‎to or waiver of any other default or event of default which may now exist or hereafter occur or any ‎violation of any term, covenant or provision of the Loan Documents.  All rights and ‎remedies of the Lender are hereby expressly reserved with respect to any such other violation or default or event of default.  The modifications granted herein do not affect or diminish the right of the Lender to ‎require strict performance by the Borrower of each provision of the Loan Documents, except as expressly provided herein‎ If Lender, in its sole discretion, shall approve any future extensions or modifications to Borrower’s obligations, additional requirements will be placed on the Borrower and Borrower by its signature below acknowledges that is a one-time accommodation. 

			
	
			
				 10.
			Miscellaneous. As modified hereby, the provisions of the Note and the Deed of Trust shall continue in full force and effect, and the Borrower acknowledges and reaffirms its 
		

		 

		

			4

		

 

			liability to Lender thereunder.  Terms not defined herein shall have the meanings assigned to them in the Loan Documents.

			
	
			
				 (a)
			Borrower hereby agrees to pay  (i) all reasonable and documented costs and expenses (including, without limitation, reasonable attorneys' fees) in connection with any action required in the course of administration of the indebtedness and obligations evidenced by the Loan Documents, and (ii) all costs and expenses (including without limitation, reasonable attorneys’ fees) in connection with any action in the enforcement of Lender's rights upon the occurrence of a default or event of default under any of the Loan Documents.

			
	
			
				 (b)
			Any default by Borrower in the performance of its obligations herein contained shall constitute a default under the Loan Documents and shall allow Lender to exercise all of its remedies set forth in the Loan Documents.

			
	
			
				 (c)
			Lender does not, by its execution of this Agreement, waive any rights it may have against any person not a party to this Agreement.

			
	
			
				 (d)
			In case any of the provisions of this Agreement shall for any reason be held to be invalid, illegal or unenforceable, such invalidity, illegality or unenforceability shall not affect any other provision hereof, and this Agreement shall be construed as if such invalid, illegal or unenforceable provision had never been contained herein.

			
	
			
				 (e)
			This Agreement and the Loan Documents shall be governed and construed according to the laws of the State of Texas (without regard to any conflict of laws principles) and the applicable laws of the United States.

			
	
			
				 (f)
			This Agreement shall be binding upon and inure to the benefit of Lender, Borrower and their respective successors, assigns and legal representatives.

			
	
			
				 (g)
			Borrower hereby acknowledges and agrees that it has entered into this Agreement of its own free will and accord and in accordance with its own judgment after advice of its own legal counsel, and states that it has not been induced to enter into this Agreement by any statement, act or representation of any kind or character on the part of the parties hereto, except as expressly set forth in this Agreement.

			
	
			
				 (h)
			This Agreement may be executed in multiple counterparts, each of which shall constitute an original instrument, but all of which shall constitute one and the same agreement.

			
	
			
				 (i)
			Except as modified herein, all other terms, conditions and provisions of Loan Documents shall remain in full force and effect as of the date thereof and Borrower acknowledges and reaffirms its liability to Lender thereunder.

		
			EXECUTED on the dates set forth in the acknowledgements attached hereto, to be effective as of the date first above written.
		

		
			 
		

		 

		

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						4/30/2019

					
					
						 

					
					
						 

					
					
						 

				
	
					
						﻿

				
	
					
						 

					
					
						BORROWER:

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						CHARTER DMN HOLDINGS, LP,‎ a Texas limited partnership

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						By:‎Charter DMN GP, LLC,‎ a Texas limited liability company,‎ its General Partner

				
	
					
						 

					
					
						 

				
	
					
						﻿

					
					
						By:

					
					
						 

					
					
						/s/ Ray W. Washburne

				
	
					
						 

					
					
						 

					
					
						 

					
					
						Ray W. Washburne, President

				
	
					
						 

					
					
						 

					
					
						 

				

		
			﻿
		

		
			THE STATE OF TEXAS§
		

		
			        §
		

		
			COUNTY OF DALLAS §
		

		
			This instrument was acknowledged before me on the 5th day of April, 2020, by Ray W. Washburne, President of Charter DMN GP, LLC, a Texas limited liability company, General Partner of CHARTER DMN HOLDINGS, LP, a Texas limited partnership on behalf of said limited liability company and limited partnership.
		

			
					
						4/30/2019

					
					
						 

					
					
						 

					
					
						 

				
	
					
						﻿

				
	
					
						﻿

					
					
						/s/ Madeline Lucille Dragos

				
	
					
						﻿

					
					
						Notary Public in and for the State of Texas

				
	
					
						 

					
					
						My Commission Expires: May 31, 2023

				

		

		

		 

		

			Acknowledgment Page

		

 

		

			 

		

		
		

			
					
						4/30/2019

					
					
						 

					
					
						 

					
					
						 

				
	
					
						﻿

				
	
					
						 

					
					
						LENDER:

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						THE DALLAS MORNING NEWS, INC., a Delaware corporation

				
	
					
						 

					
					
						 

				
	
					
						﻿

					
					
						By: 

					
					
						/s/ Katy Murray

				
	
					
						﻿

					
					
						Name:

					
					
						Katy Murray

				
	
					
						 

					
					
						Title: 

					
					
						Treasurer/Assistant Secretary

				

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			THE STATE OF TEXAS§
		

		
			        §
		

		
			COUNTY OF DALLAS  §
		

		
			This instrument was acknowledged before me on the 6th day of April, 2020, by Katy Murray,  Treasurer/Assistant Secretary of THE DALLAS MORNING NEWS, INC., a Delaware corporation, on behalf of said corporation.
		

			
					
						4/30/2019

					
					
						 

					
					
						 

					
					
						 

				
	
					
						﻿

				
	
					
						﻿

					
					
						/s/ Maria Rivera Villareal

				
	
					
						﻿

					
					
						Notary Public in and for the State of Texas

				
	
					
						 

					
					
						My Commission Expires: July 25, 2021

				

		
			﻿
		

		
			﻿
		

		
			PREPARED IN THE LAW OFFICE OF:
		

		
			Locke Lord LLP
		

		
			﻿2200 Ross Avenue
		

		
			Suite 2800
		

		
			﻿Dallas,  Texas 75201
		

		
			Attn:  Vicky Gunning 
		

		
			 
		

		

		

		 

		

			Acknowledgment Page

		

 

		

			 

		

		EXHIBIT A
		

		
			TO
		

		
			MODIFICATION AGREEMENT
		

		
			Land
		

		
			PROPERTY DESCRIPTION
		

		
			﻿
		

		
			Tract 1:‎
		

		
			BEING a tract of land situated in the John North Bryan Survey, Abstract No. 149, in City ‎Blocks 59/26, 71/343, 345 ‎and 426, City of Dallas, Dallas County, Texas and a portion of a tract ‎of land described as “Tract 1” in a General ‎Warranty Deed to The Dallas Morning News, L.P., ‎recorded in Volume 99062, Page 4452, Deed Records of Dallas ‎County, Texas, and being more ‎particularly described as follows:‎
		

		
			BEGINNING at a PK nail found at the intersection of the south right-of-way line of Young ‎Street (80-foot wide right-‎of-way) and the east right-of-way line of Houston Street (a variable ‎width right-of-way);‎
		

		
			THENCE with said south right-of-way of Young Street, North 75°02'09" East, a distance of ‎‎264.06 feet to an "X" cut ‎in concrete found for the northwest corner of a tract of land described ‎in Special Warranty Deed to Belo Corp. and ‎Texas Cable News, Inc., recorded in Instrument No. ‎‎20080330751, Official Records of said Dallas County;‎
		

		
			THENCE departing said south right-of-way line of Young Street and with the west and south ‎lines of said Belo Corp. ‎tract the following courses and distances to wit:‎
		

		
			South 15°08'39" East, a distance of 480.00 feet to an "X" cut in concrete found for the ‎southwest corner of ‎said Belo Corp. tract;‎
		

		
			North 75°02'09" East, a distance of 175.33 feet to a 60d nail found for the southeast corner of ‎said Belo ‎Corp. tract and in the west right-of-way of S. Market Street (a variable width right-of-‎way);‎
		

		
			THENCE with said west right-of-way line of S. Market Street the following courses and ‎distances to wit:‎
		

		
			South 15°04'19" East, a distance of 70.20 feet to a 1/2" iron rod with cap stamped “Daltech” ‎found for ‎corner;‎
		

		
			South 0°32'47" East, a distance of 29.89 feet to a 1/2" iron rod found for corner;‎
		

		
			South 15°04'19" East, a distance of 112.77 feet to a mag nail found at the beginning of a tangent ‎curve to ‎the right having a central angle of 47°49'07", a radius of 460.00 feet, a chord bearing ‎and distance of South ‎‎8°50'15" West, 372.87 feet;‎
		

		
			In a southwesterly direction, with said curve to the right, an arc distance of 383.91 feet to an "X" ‎cut in ‎concrete found for corner;‎
		

		
			South 32°43'59" West, a distance of 37.84 feet to a 3” metal corner post found for corner and in ‎the north ‎right-of-way line of DART railway (a variable width right-of-way) described in ‎Warranty Deed to Dallas ‎Area Rapid Transit (DART) recorded in Volume 88083, Page 4905, of ‎said Deed Records;‎
		

		

		

		 

		

			Exhibit A – Page 1

		

 

		

			 

		

		THENCE departing said west right-of-way line of S. Market Street and with said north right-of-‎way line of DART ‎railway, the following courses and distances to wit:‎
		

		
			North 85°54'17" West, a distance of 200.80 feet to an "X" cut in concrete found for corner;‎
		

		
			North 55°03'55" West, a distance of 99.11 feet to a 1/2” iron rod with plastic cap stamped ‎‎"DALTECH" ‎found for corner;‎
		

		
			North 59°31'37" West, a distance of 75.00 feet to a 5/8” iron rod with cap stamped ‎
		

		
			‎“BDD 3689” found for corner and in said east right-of-way line of Houston Street;‎
		

		
			THENCE departing said DART Railway and with said east right-of-way line of Houston Street ‎the following courses ‎and distance to wit:‎
		

		
			North 41°27'49" East, a distance of 57.00 feet to a point for corner from which a 5/8” iron rod ‎with cap ‎stamped “BDD 3689” found bears North 52°17'43” West, a distance of 0.40 feet and a ‎‎1/2” iron rod with ‎cap stamped “Daltech” found bears S 77°52'19” West, a distance of 0.33 feet;‎
		

		
			North 15°04'19" West, a distance of 552.20 feet to an "X" cut in concrete found for corner;‎
		

		
			North 74°55'47" East, a distance of 5.00 feet to an "X" cut in concrete found for corner;‎
		

		
			North 15°04'19" West, a distance of 280.00 feet to the POINT OF BEGINNING, and ‎containing 8.0332 ‎acres or 349,928 square feet of land, more or less.‎
		

		
			Bearing system based on the Texas Coordinate System of 1983, North Central Zone (4202), ‎North American Datum ‎of 1983 (2011).‎
		

		
			﻿
		

		
			Tract 2:‎
		

		
			Non-exclusive easement rights created by that certain Reciprocal Easement and Operating ‎Agreement, by and ‎between The Dallas Morning News, Inc., the successor by merger to The ‎Dallas Morning News, LP, Belo Corp., ‎Texas Cable news, Inc., and WFFA-TV, Inc., filed ‎October 24, 2008, recorded under Clerk's File No. 20080330754, ‎Official Public Records of ‎Dallas County, Texas.
		

		
			﻿
		

		
			﻿
		

		 

		

			Exhibit A – Page 2

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