Document:

Exhibit

Exhibit 10.2

TERRA JV CONTRIBUTION AGREEMENT
THIS CONTRIBUTION AGREEMENT (this "Agreement") is dated as of this 2nd day of March, 2019 (the "Effective Date"), by and between TERRA SECURED INCOME FUND 7, LLC, a Delaware limited liability company (the "Contributor"), and TERRA JV, LLC, a Delaware limited liability company ("Terra JV").
RECITALS
WHEREAS, the Contributor has entered into that certain merger agreement, dated as of February 28, 2020, by and among the Contributor, Terra Property Trust, Inc., a Maryland corporation ("TPT"), and Terra Property Trust 2, Inc., a Maryland corporation ("TPT 2") (the "Merger Agreement"), pursuant to which TPT 2 has merged (the "Merger") with and into TPT, with TPT surviving the merger, and all outstanding shares of common stock of TPT 2, par value $0.01 per share, were cancelled and converted automatically into the right to receive 2,110,102 shares of common stock of TPT, par value $0.01 per share (the "TPT Common Stock");
WHEREAS, the Contributor has received the TPT Common Stock and, subject to and in accordance with the terms and provisions hereof, desires to transfer, assign and contribute all of its right, title and interest to the TPT Common Stock to Terra JV in consideration for the adoption by Terra JV of an amended and restated limited liability company agreement of Terra JV (the "Terra JV LLCA") pursuant to which the Contributor will be admitted to Terra JV as a Managing Member and will hold a Percentage Interest (as defined in the Terra JV LLCA) of Terra JV commensurate with its contribution of the TPT Common Stock;
WHEREAS, as consideration for the TPT Common Stock to be contributed to Terra JV by the Contributor, Terra JV desires to enter into the Terra JV LLCA and admit the Contributor as a Managing Member of Terra JV pursuant to and in accordance with the terms and provisions of the Terra JV LLCA; 
WHEREAS, in connection therewith, the parties hereto desire to enter into this Agreement to set forth the terms of such transactions and their respective rights and obligations with respect thereto.
NOW, THEREFORE, in consideration of mutual promises set forth herein and other good and valuable consideration, the receipt and sufficiency which is hereby mutually acknowledged, the parties hereto hereby agree as follows:
Article 1 
Definitions
1.1.    Definitions.  All capitalized terms used and not defined herein shall have the meanings attributed to them in the Terra JV LLCA.  The following terms as used in this Agreement shall have the meanings attributed to them as set forth below unless the context clearly requires another meaning: 
"Business Day" means any day other than a Saturday, a Sunday or any other day on which commercial banks are required or authorized by Law to be closed in New York, New York.
"Closing" means the closing of the transactions contemplated by this Agreement. 
"Closing Date" means the date of Closing, as mutually agreed by the parties. 

	
			
	756706-4-4386-v2.2
	756706-4-4386-v2.2
	756706-4-4386-v2.2

Exhibit 10.2

"Law" means any U.S. or foreign federal, state, local or other law (statutory, common, or otherwise), act, constitution, code, rule, regulation, ordinance, order, requirement, or interpretation of any governmental authority or code. 
"Person" means an individual, partnership, corporation (including a business trust), limited liability company, joint stock company, trust, unincorporated association, joint venture or other entity, or a government or any political subdivision or agency thereof.
"Securities Act" means the U.S. Securities Act of 1933, as amended from time to time, or any successor statute, and all rules and regulations promulgated thereunder. 
Article 2     
Contribution; Admission of Managing Member
2.1.    Contribution. On the Effective Date, the Contributor shall transfer, assign and contribute to Terra JV, and Terra JV shall accept such transfer, assignment and contribution from the Contributor, all of the Contributor's right, title and interest in and to the TPT Common Stock.  
2.2.    Admission of Managing Member. As consideration for the transfer, assignment and contribution of all of the Contributor's right, title and interest to the TPT Common Stock, Terra JV shall adopt the Terra JV LLCA and admit the Contributor as a Managing Member of Terra JV pursuant to and in accordance with the terms and provisions of the Terra JV LLCA.  Upon adoption of the Terra JV LLCA by Terra JV, the Contributor shall be a managing member of Terra JV and shall hold Percentage Interest (as defined in the Terra JV LLCA) of Terra JV commensurate with the Contributor's contribution of the TPT Common Stock. 
Article 3    
Effective Date and Closing Date Deliveries
3.1.    Delivery of Terra JV's Effective Date Deliverables.  On the Effective Date, Terra JV shall execute and deliver to the Contributor all documents or instruments pursuant to which the Contributor shall be admitted to Terra JV as a Managing Member pursuant to and in accordance with the terms and provisions of the Terra JV LLCA.
3.2.    Delivery of the Contributor's Effective Date Deliverables.  By execution of this Agreement by the Contributor and Terra JV on the Effective Date, Terra JV shall be deemed to have all right, interest and title to the TPT Common Stock.
3.3.    Delivery of Terra JV's Closing Date Deliverables.  On the Closing Date, Terra JV shall execute and deliver to the Contributor the following:
(a)    Authority.  Such resolutions, consents or other evidence, reasonably satisfactory to the Contributor, of Terra JV's authority to: (i) execute and deliver this Agreement; (ii) consummate the transactions contemplated by the Agreement; and (iii) perform its obligations under this Agreement.
(b)    Other Documents.  Such other documents, instruments, consents, authorizations, certificates or approvals as may be reasonably required by the Contributor that may be reasonably necessary 

	
			
	756706-4-4386-v2.2
	756706-4-4386-v2.2
	756706-4-4386-v2.2

Exhibit 10.2

or desirable to confirm satisfaction of all conditions to the Closing and to otherwise effect the agreements of the parties hereto, including, without limitation, as required under this Section 3.3.
3.4.    Delivery of the Contributor's Closing Date Deliverables.  On  the Closing Date, the Contributor shall execute and deliver (or cause to be executed and delivered) to Terra JV the following:
(a)    Authority.  The Contributor's Organizational Documents and such resolutions, consents or other evidence, reasonably satisfactory to Terra JV, of the Contributor's authority to: (i) execute and deliver this Agreement and the Merger Agreement; (ii) consummate the transactions contemplated by the Agreement and Merger Agreement; and (iii) perform its obligations under this Agreement and the Merger Agreement.
(b)    Other Documents.  Such other documents, instruments, consents, authorizations, certificates or approvals as may be reasonably required by Terra JV that may be reasonably necessary or desirable to confirm satisfaction of all conditions to the Closing and to otherwise effect the agreements of the parties hereto, including, without limitation, as required under this Section 3.4.
Article 4     
Representations and Warranties
4.1.    Representations and Warranties of Terra JV.  Terra JV hereby represents and warrants to the Contributor as of the Effective Date and Closing Date as follows:
(a)    Existence and Power. Terra JV has been duly formed as a limited liability company and is validly existing and in good standing under the Laws of the State of Delaware. Terra JV has all the necessary power and authority to enter into this Agreement and to consummate the transactions contemplated hereby.  
(b)    Authorization; No Contravention.  The execution and delivery of this Agreement by Terra JV and the performance of its obligations hereunder have been duly authorized by all requisite organizational action of Terra JV, and this Agreement has been duly executed and delivered by Terra JV.  This Agreement constitutes the valid, legal and binding obligation of Terra JV, enforceable against Terra JV in accordance with its terms, subject to bankruptcy and similar Laws affecting the remedies or resources of creditors generally and principles of equity. The acceptance by Terra JV of the TPT Common Stock does not conflict with the organizational documents of Terra JV or with any material contract by which Terra JV or its property or assets is bound, or any laws or regulations or decree, ruling or judgment of any court applicable to Terra JV or its property or assets.  
(c)    Legal Proceedings. There are no actions, suits, claims, investigations or other legal proceedings pending or, to the knowledge of Terra JV, threatened against or by Terra JV that challenge or seek to prevent, enjoin or otherwise delay the transactions contemplated by this Agreement. 
4.2.    Representations and Warranties of the Contributor. The Contributor hereby represents and warrants to Terra JV as of the Effective Date and Closing Date (or as otherwise indicated below) as follows:
(a)    Existence and Power. The Contributor has been duly formed as a limited liability company and is validly existing and in good standing under the Laws of the State of Delaware.  The Contributor has all necessary power and authority to enter into this Agreement and the Merger Agreement and to consummate the transactions contemplated by this Agreement and the Merger Agreement. 

	
			
	756706-4-4386-v2.2
	756706-4-4386-v2.2
	756706-4-4386-v2.2

Exhibit 10.2

(b)    Authorization; No Contravention. The execution and delivery of this Agreement by the Contributor and the performance of its obligations hereunder has been duly authorized by all requisite organizational action of the Contributor, and this Agreement has been duly executed and delivered by the Contributor. This Agreement constitutes the valid, legal and binding obligation of the Contributor, enforceable against the Contributor in accordance with its terms, subject to applicable bankruptcy and similar Laws affecting the remedies or resources of creditors generally and principles of equity. The sale by the Contributor of the Shares does not conflict with the organizational documents of the Contributor or with any material contract by which the Contributor or its property or assets is bound, or any laws or regulations or decree, ruling or judgment of any court applicable to the Contributor or its property or assets.
(c)    The Merger Agreement. The execution and delivery of the Merger Agreement by each of the Contributor and TPT 2 and the performance of their respective obligations thereunder has been duly authorized by all requisite organizational action of the Contributor and TPT 2, respectively, and the Merger Agreement has been duly executed and delivered by each of the Contributor and TPT 2. The Merger Agreement constitutes the valid, legal and binding obligation of the Contributor and TPT 2, enforceable against the Contributor and TPT 2 in accordance with its terms, subject to applicable bankruptcy and similar Laws affecting the remedies or resources of creditors generally and principles of equity. The execution of the Merger Agreement by the Contributor and TPT 2 does not conflict with the organizational documents of the Contributor or TPT 2 or with any material contract by which the Contributor or TPT 2 or their property or assets are bound, or any laws or regulations or decree, ruling or judgment of any court applicable to the Contributor or TPT 2 or their property or assets.
(d)    Legal Proceedings. There are no actions, suits, claims, investigations or other legal proceedings pending or, to the knowledge of the Contributor, threatened against or by the Contributor that challenge or seek to prevent, enjoin or otherwise delay the transactions contemplated by this Agreement. 
(e)    Investor Status. The Contributor acknowledges and agrees that:  
(i)    it is a sophisticated investor, able and accustomed to handling sophisticated financial and tax matters for itself, particularly real estate investments and it has evaluated for itself the risks and merits of such investment and is able to bear the economic risk of such investment, including a complete loss of capital, and in addition has not relied upon any representations made by, or other information (whether oral or written) furnished by or on behalf of, any other Member, Terra JV, or any director, officer, employee, agent or Affiliate of such Persons or other Persons except as expressly set forth in this Agreement; 
(ii)    it is an "accredited investor" as defined in Rule 501 of Regulation D promulgated under the Securities Act; and 
(iii)    it is not an ERISA Member
Article 5     
Miscellaneous
5.1.    Entire Agreement; No Amendment. This Agreement and the other documents delivered pursuant hereto constitute the full and entire understanding and agreement between the parties with regard to the subjects hereof and thereof and they supersede, merge, and render void every other prior written and/or oral understanding or agreement among or between the parties hereto.  This Agreement is not intended to grant, and shall not be construed as granting, any rights, benefits or privileges to any Person not a party to this Agreement.  This Agreement may not be amended, modified or otherwise altered except by a written agreement signed by all of the parties hereto.

	
			
	756706-4-4386-v2.2
	756706-4-4386-v2.2
	756706-4-4386-v2.2

Exhibit 10.2

5.2.    Notices.       All notices and other communications hereunder shall be in writing and shall be deemed to have been duly given if personally delivered or sent by recognized overnight courier delivery service (with charges prepaid) with proof of delivery thereof (any notice or communication so delivered being deemed to have been received at the time delivered), sent by electronic mail (with a hard copy sent by recognized overnight courier delivery service (with charges prepaid) on the same Business Day as such transmission) or sent by United States certified mail, return receipt requested, postage prepaid (any notice or communication so sent being deemed to have been received two Business Days after mailing in the United States), with failure or refusal to accept delivery to constitute delivery for all purposes of this Agreement, addressed to the respective parties as follows:
If to the Contributor:

c/o Terra Income Advisors 2, LLC
c/o Terra Fund Advisors, LLC
550 Fifth Avenue, 6th Floor
New York, NY 10036
Attention:    Vik Uppal
Telephone:    
Email:        

with a copy (which shall not constitute Notice) to:

Clifford Chance US LLP 
31 West 52nd Street 
New York, New York 10019 
Attention:    Jay L. Bernstein, Esq. and Jacob Farquharson, Esq. 
Telephone:      
Email:        

If to Terra JV:

c/o Terra Fund Advisors, LLC
c/o Terra Secured Income Fund 5, LLC
c/o Terra Secured Income Fund 7, LLC
550 Fifth Avenue, 6th Floor
New York, NY 10036
Attention:    Vik Uppal
Telephone:    
Email:       

with a copy (which shall not constitute Notice) to:

Clifford Chance US LLP 
31 West 52nd Street 
New York, New York 10019 
Attention:    Jay L. Bernstein, Esq. and Jacob Farquharson, Esq. 

	
			
	756706-4-4386-v2.2
	756706-4-4386-v2.2
	756706-4-4386-v2.2

Exhibit 10.2

Telephone:      
Email:        

5.3.    No Assignment.      Neither this Agreement nor any of the rights or obligations hereunder may be assigned by any party hereto without the prior written consent of the other party and any such assignment, without such prior written consent, shall be void ab initio.  This Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective heirs, legal representatives, successors and permitted assigns.  
5.4.    Governing Law; Jurisdiction.  This Agreement shall for all purposes be deemed to be made under and shall be construed in accordance with the laws of the State of New York.  The parties hereby agree that any action, proceeding or claim against it arising out of or relating in any way to this Agreement shall be brought and enforced in the courts of the State of New York or the United States District Court for the Southern District of New York, and irrevocably submit to such jurisdiction, which jurisdiction shall be exclusive.  The parties hereby waive any objection to such exclusive jurisdiction and agree not to plead or claim that such courts represent an inconvenient forum. TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, THE PARTIES HERETO WAIVE TRIAL BY JURY IN ANY ACTION, PROCEEDING OR COUNTERCLAIM BROUGHT BY ANY PARTY(IES) AGAINST ANY OTHER PARTY(IES) ON ANY MATTER ARISING OUT OF OR IN ANY WAY CONNECTED WITH THIS AGREEMENT OR THE RELATIONSHIP OF THE PARTIES CREATED HEREUNDER.
5.5.    Miscellaneous.  This Agreement may be executed in multiple counterparts.  If so executed, all of such counterparts shall constitute but one agreement, and, in proving this Agreement, it shall not be necessary to produce or account for more than one such counterpart.  To facilitate execution of this Agreement, the parties may execute and exchange by facsimile or electronic mail PDF copies of counterparts of the signature pages. The provisions of Article 4 of this Agreement shall survive Closing for the applicable statute of limitations. If any provision of this Agreement is held to be illegal, invalid or unenforceable under present or future Laws, (a) such provision shall be fully severable, (b) this Agreement shall be construed and enforced as if such illegal, invalid or unenforceable provision had never comprised a part of this Agreement, (c) the remaining provisions of this Agreement shall remain in full force and effect and shall not be affected by the illegal, invalid or unenforceable provision or by its severance from this Agreement and (d) in lieu of such illegal, invalid or unenforceable provision, the parties agree to use good faith efforts to negotiate a legal, valid and enforceable provision as similar in terms to such illegal, invalid or unenforceable provision as may be possible. The headings in this Agreement are for reference only and shall not affect the interpretation of this Agreement. From and after the date of this Agreement, the parties hereto shall take such further actions and execute and deliver such further documents and instruments as may be reasonably requested by the other party and are reasonably necessary to provide to the respective parties hereto the benefits intended to be afforded hereby.
 [Signature Page Follows]

IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the date and year first above written.

CONTRIBUTOR:

TERRA SECURED INCOME FUND 7, LLC
a Delaware limited liability company

By: Terra Income Advisors 2, LLC
Its Manager

By: Terra Fund Advisors, LLC
Its Sole Member

By:  /s/ Bruce Batkin      
Name: Bruce Batkin 
Title: Authorized Signatory

TERRA JV:

TERRA JV, LLC
a Delaware limited liability company

By: Terra Secured Income Fund 5, LLC
Its Managing Member

By: Terra Fund Advisors, LLC
Its Manager

By:  /s/ Bruce Batkin      
Name: Bruce Batkin 
Title: Authorized Signatory
s

	
			
	756706-4-4386-v2.2
	756706-4-4386-v2.2
	756706-4-4386-v2.2Exhibit

Exhibit 10.3

EXECUTION VERSION

STOCKHOLDER RIGHTS AGREEMENT

THIS STOCKHOLDER RIGHTS AGREEMENT (this "Agreement"), dated as of March 2, 2020, is made among TERRA JV, LLC, a Delaware limited liability company (the "Parent"), and TERRA PROPERTY TRUST, INC., a Maryland corporation (the "REIT").
RECITALS
WHEREAS, as of the date hereof, the Parent directly owns 86.5% of the Common Stock, par value $0.01 per share, of the REIT;
WHEREAS, the parties desire to enter into this Agreement, to, among other items, set forth certain agreements between the Parent and the REIT relating to approval rights over the major decisions specified herein regarding the management and control of the REIT (or any successor thereto, whether by merger, conversion, consolidation, recapitalization, reorganization or otherwise), in each case on the terms and conditions contained herein.  
NOW, THEREFORE, in consideration of the mutual promises, covenants and agreements contained herein and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto hereby agree as follows:
Section 1.Definitions.  For purposes of this Agreement, the following terms shall have the meanings set forth below.
"Agreement" has the meaning specified in the preamble of this Agreement. 
"Business Day" means any day other than a Saturday, a Sunday or a day on which banks located in New York, New York are required or authorized to be closed for the conduct of regular banking business. If the date set for any action hereunder is a date other than a Business Day, then such date shall be the next succeeding day that is a Business Day.
"Common Stock" means the common stock, par value $0.01 per share, and all other classes of common equity securities of the REIT Subsidiary.
"Notice" has the meaning set forth in Section 5 of this Agreement.
"Parent" has the meaning specified in the preamble of this Agreement. 
"Person" means any individual, corporation, partnership, association, trust, limited liability company or any other entity or organization, including a government or political subdivision or an agency or instrumentality thereof.
"REIT" has the meaning specified in the preamble of this Agreement. 

	
			
	759639-4-9026-v1.0
	 
	80-40597507

Exhibit 10.3

"REIT Subsidiary" shall mean Terra Property Trust, Inc., a Maryland corporation (or any successor thereto, whether by merger, conversion, consolidation, recapitalization, reorganization or otherwise).
"Securities Act" means the U.S. Securities Act of 1933, as amended from time to time, or any successor statute, and all rules and regulations promulgated thereunder.
"Subsidiary" shall mean, with respect to a Person, any entity in which such Person holds or controls any ownership interest, whether directly or through one or more other Persons.
In this Agreement, unless otherwise specified: (i) singular words include the plural and plural words include the singular; (ii) words that include a number of constituent parts, things or elements shall be construed as referring separately to each constituent part, thing or element thereof, as well as to all such constituent parts, things or elements as a whole; (iii) words importing any gender shall include the masculine, the feminine and the neuter; (iv) references to any Person include such Person's successors and permitted assigns; (v) references to any statute or other law include all applicable rules, regulations and orders adopted or made thereunder and all statutes or other laws amending, consolidating or replacing the statute or law referred to; (vi) references to any agreement or other document, including this Agreement, include all subsequent amendments thereto or hereto or other modifications thereof or hereof; (vii) the words "include" and "including" and words of similar import, shall be deemed to be followed by the words "without limitation"; (viii) the words "hereto," "herein," "hereof," "hereunder" and words of similar import, refer to this Agreement in its entirety unless the context requires otherwise; (ix) the word "will" shall be construed to have the same meaning and effect as the word "shall," and the word "or" shall not be exclusive; (x) references to Articles, Sections and paragraphs are to the Articles, Sections and paragraphs of this Agreement; (xi) numberings and headings of Articles, Sections and paragraphs are inserted as a matter of convenience and shall not affect the construction of this Agreement; and (xii) any reference herein to the giving of "consent," "approval," "discretion" or other words of similar import on the part of a Person shall mean in the sole and absolute discretion of such Person.
Section 2.    Operation of REIT Subsidiary 
2.01    Major Decisions.  The REIT Subsidiary, including its Subsidiaries, shall not take, or refrain from taking, any action or incurring any obligation with respect to the following matters without the consent of the Parent:
(a)    acquiring by purchase, contribution, exchange or otherwise any asset material to the REIT Subsidiary or outside of the ordinary course of business of the REIT Subsidiary, or entering into any agreement, commitment or assumption with respect to any of the foregoing;
(b)    selling, conveying, refinancing or otherwise effecting any disposition of any asset material to the REIT Subsidiary or outside of the ordinary course of business of the REIT Subsidiary, or entering into any agreement, commitment or assumption with respect to any of the foregoing;

	
			
	759639-4-9026-v1.0
	2
	80-40597507

Exhibit 10.3

(c)    incurring any material indebtedness for borrowed money or entering into any agreement, commitment, assumption or guarantee with respect to any of the foregoing;
(d)    any sale, issuance, distribution, reclassification, purchase, redemption, exchange, conversion or cancellation of Common Stock or other securities, the result of which would be that the Parent would, at any time hold less than a majority of the voting securities in the REIT Subsidiary;
(e)    any material change in the strategic direction of the REIT Subsidiary or any material expansion of the business of the REIT Subsidiary, whether into new or existing lines of business or any change in the structure of the REIT Subsidiary;
(f)    confessing a judgment against the REIT Subsidiary, initiating or settling any litigation, arbitration or proceeding, terminating and/or replacing counsel to defend or prosecute on behalf of the REIT Subsidiary any such action, claim or proceeding or foregoing taking any action in respect of the foregoing;
(g)    reasonable approval over the annual budget established bv the REIT Subsidiary;
(h)    any merger, conversion or consolidation involving the REIT Subsidiary or the sale, lease, transfer, exchange or other disposition of all or substantially all of the REIT Subsidiary's assets, or any similar transaction involving all or substantially all of the Common Stock in the REIT Subsidiary, in one or a series of related transactions;
(i)    any liquidation, dissolution or termination of the REIT Subsidiary;
(j)    entering into a new, or amending, supplementing, waiving material obligations under, or extending any existing, management agreement; or
(k)    amending the organizational documents, including the charter and bylaws, of the REIT Subsidiary.
Section 3.    Termination.  The rights and obligations of the Parent under this Agreement shall terminate on  the date that the Parent is dissolved.  
Section 4.    Execution.  This Agreement may be executed in any number of counterparts, each of which when so executed and delivered will be deemed an original, and such counterparts together will constitute one and the same instrument.
Section 5.    Notices.  All notices, consents, approvals and other communications provided for hereunder shall be in writing and shall be delivered (i) by certified mail, return receipt requested, (ii) by hand, (iii) by recognized overnight courier delivery service (with charges prepaid) or (iv) emailed (with a hard copy sent by recognized overnight courier delivery service (with charges prepaid) on the same Business Day as such transmission), to any party at the address of such Person listed below, or, in each case, at such other address as shall be designated by such Person in a written notice to each other party complying as to delivery with the terms of this Section 6 (each, a "Notice").  

	
			
	759639-4-9026-v1.0
	3
	80-40597507

Exhibit 10.3

All such Notices shall be effective: (x) if deposited with the United States Postal Service certified mail, return receipt requested, three Business Days after deposit therewith; (y) if sent by hand delivery or express courier, upon delivery or refusal; and (z) if transmitted by email, on the date of such transmission (provided that a confirmation copy is so sent as provided above).
(a)    If to the REIT Subsidiary:

c/o Terra Capital Partners
550 Fifth Avenue, 6th Floor
New York, NY 10036
Attention:    Vik Uppal
Telephone:    
Email:        
with a copy (which shall not constitute Notice) to:
Clifford Chance US LLP 
31 West 52nd Street 
New York, New York 10019 
Attention:    Jay L. Bernstein, Esq. and Jacob Farquharson, Esq. 
Telephone:      
Email:        

(b)    If to the Parent:
c/o Terra Fund Advisors, LLC
c/o Terra Secured Income Fund 5, LLC
c/o Terra Secured Income Fund 7, LLC
550 Fifth Avenue, 6th Floor
New York, NY 10036
Attention:    Vik Uppal
Telephone:   
Email:        
with a copy (which shall not constitute Notice) to:
Clifford Chance US LLP 
31 West 52nd Street 
New York, New York 10019 
Attention:    Jay L. Bernstein, Esq. and Jacob Farquharson, Esq. 
Telephone:      
Email:        

	
			
	759639-4-9026-v1.0
	4
	80-40597507

Exhibit 10.3

Section 6.    Amendments and Waivers.  The provisions of this Agreement may be amended with the prior written consent of all parties hereto.  Any waiver, permit, consent or approval of any kind or character on the part of any party hereto of any provision or condition of this Agreement must be made in writing and shall be effective only to the extent specifically set forth in writing.
Section 7.    Specific Performance.  The REIT Subsidiary acknowledges that a breach by it of any of its obligations under Section 2 of this Agreement would give rise to irreparable harm to the Parent, for which monetary damages would not be an adequate remedy, and hereby agrees that in the event of a breach by the REIT Subsidiary of any such obligations, the Parent shall, in addition to any and all other rights and remedies that may be available to it in respect of such breach, be entitled to seek equitable relief, including a temporary restraining order, an injunction, specific performance and any other relief that may be available from a court of competent jurisdiction (without any requirement to post bond).
Section 8.    Successors and Assigns; No Third Party Beneficiary.  This Agreement and all terms, provisions and conditions hereof shall be binding upon the parties hereto, and shall inure to the benefit of the parties hereto and, except as otherwise provided herein, to their respective heirs, executors, personal representatives, successors and assigns.  This Agreement is intended solely for the benefit of the parties hereto and, except as expressly provided to the contrary in this Agreement, is not intended to confer any benefits upon, or create any rights in favor of, any person other than the parties hereto, including, without limitation, of any creditor or other Person to whom any debts, liabilities or obligations are owed by (or who otherwise has any claim against) any party hereto.
Section 9.    Governing Law.  This Agreement, and the application or interpretation thereof, shall be governed exclusively by its terms and by the laws of the State of Delaware, excluding the conflict of laws provisions thereof.  
Section 10.    Consent to the Non-Exclusive Jurisdiction of the Courts of Delaware. EACH PARTY HEREBY IRREVOCABLY SUBMITS TO THE NON-EXCLUSIVE JURISDICTION OF FEDERAL AND STATE COURTS OF THE STATE OF DELAWARE IN RESPECT OF ANY ACTION, SUIT OR PROCEEDING ARISING OUT OF, IN CONNECTION WITH OR RELATING TO THIS AGREEMENT AND THE TRANSACTIONS CONTEMPLATED HEREBY, AND EACH PARTY HEREBY IRREVOCABLY AGREES THAT ALL CLAIMS IN RESPECT OF SUCH ACTION, SUIT OR PROCEEDING MAY BE HEARD AND DETERMINED IN SUCH DELAWARE STATE OR FEDERAL COURT.  EACH PARTY HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT THAT IT MAY LEGALLY DO SO, THE DEFENSE OF AN INCONVENIENT FORUM TO THE MAINTENANCE OF SUCH ACTION, SUIT OR PROCEEDING.  EACH PARTY HEREBY IRREVOCABLY CONSENTS TO THE SERVICE OF ANY AND ALL PROCESS IN ANY ACTION, SUIT OR PROCEEDING BY THE MAILING OR DELIVERY OF COPIES OF SUCH PROCESS TO IT AT THE NOTICE ADDRESS FOR IT UNDER THIS AGREEMENT AS DETERMINED IN ACCORDANCE WITH SECTION 6.  
Section 11.    Waiver of Jury Trial. EACH OF THE PARTIES HERETO IRREVOCABLY WAIVES ALL RIGHT TO TRIAL BY JURY IN ANY ACTION, 

	
			
	759639-4-9026-v1.0
	5
	80-40597507

Exhibit 10.3

PROCEEDING OR COUNTERCLAIM (WHETHER BASED ON CONTRACT, TORT OR OTHERWISE) ARISING OUT OF OR RELATING TO THIS AGREEMENT OR ANY OF THE TRANSACTIONS CONTEMPLATED HEREBY.
Section 12.    Severability. Each term or provision of this Agreement shall be considered severable and if for any reason any provision which is not essential to the effectuation of the basic purposes of this Agreement is determined by a court of competent jurisdiction to be invalid or unenforceable, such invalidity shall not impair the operation of or affect those provisions of this Agreement which are valid or enforceable. In that case, this Agreement shall be construed so as to limit any term or provision so as to make it valid or enforceable within the requirements of any applicable law.
 [Signature Page Follows]
 

IN WITNESS WHEREOF, the parties hereto have entered into this Agreement in each case as of the day and year first above written.

TERRA JV, LLC, 
a Delaware limited liability company
By: Terra Secured Income Fund 5, LLC, its managing member

By: Terra Fund Advisors, LLC, its manager

		
	By:
	/s/ Bruce Batkin     
Name:  Bruce Batkin 
Title:  Authorized Signatory

By: Terra Secured Income Fund 7, LLC, its managing member

By: Terra Income Advisors 2, LLC, it manager

By: Terra Fund Advisors, LLC, its sole member

		
	By:
	/s/ Bruce Batkin     
Name:  Bruce Batkin 
Title:  Authorized Signatory

TERRA PROPERTY TRUST, INC., 
a Maryland corporation

		
	By:
	/s/ Vikram S. Uppal     
Name:  Vikram S. Uppal 
Title:  CEO

	
			
	759639-4-9026-v1.0
	6
	80-40597507

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00309-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00309-of-00352.parquet"}]]