Document:

Document

Exhibit 10.1

CERTAIN INFORMATION, IDENTIFIED BY [*****], HAS BEEN EXCLUDED FROM THE EXHIBIT BECAUSE IT IS BOTH NOT MATERIAL AND WOULD LIKELY CAUSE COMPETITIVE HARM TO THE COMPANY IF PUBLICLY DISCLOSED.

AMENDMENT NO. 5
TO SECOND AMENDED AND RESTATED LOAN ORIGINATION AGREEMENT

This AMENDMENT NO. 5 TO SECOND AMENDED AND RESTATED LOAN ORIGINATION AGREEMENT (this “Amendment”), dated as of February 28, 2020 (the “Effective Date”), by and among GreenSky, LLC, a Georgia limited liability company (“Servicer”), GreenSky Servicing, LLC, a Georgia limited liability company (“GreenSky Servicing”), and Truist Bank (successor by merger to SunTrust Bank), a North Carolina banking corporation (“Lender”).

WITNESSETH:

WHEREAS, Servicer, GreenSky Servicing and Lender previously entered into that certain Second Amended and Restated Loan Origination Agreement (as amended, restated, supplemented or otherwise modified from time to time, the “LOA”), dated as of December 31, 2016;

WHEREAS, Servicer, GreenSky Servicing and Lender desire to amend the LOA to modify and clarify certain terms therein; and

WHEREAS, pursuant to Section 7.01 of the LOA, Servicer, GreenSky Servicing and Lender agree to amend the LOA pursuant to the terms and conditions set forth herein;

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

              Section 1.            Definitions.  Capitalized terms not otherwise defined herein shall have the meanings given to them in the LOA.

              Section 2.            Amendment to the LOA.

Subject to the satisfaction of the conditions precedent set forth in Section 4 below, the LOA shall be and hereby is amended as follows:

(a)        Effective as of March 15, 2020, Section 2.01(a)(ii) of the LOA is hereby amended by deleting it in its entirety and replacing it with the following: 

“Subject to Article VI, Lender will fund newly originated Loans for customers identified through the GreenSky® Program that meet the Underwriting Criteria and which meet any other requirements of this Origination Agreement up to a maximum of [*****] ($[*****]) Dollars in aggregate outstanding principal balances held on Lender’s balance sheet (the “Commitment Amount”); it being acknowledged and agreed that the evaluation of the outstanding principal balances 

of Loans for the purposes of complying with the Commitment Amount shall be performed at each month-end beginning March 31, 2020.  Lender and Servicer shall mutually agree in writing to any further increase in the Commitment Amount above [*****] ($[*****]) Dollars. [*****].”

(b)       Section 6.01 of the LOA is hereby deleted and the following is substituted in lieu thereof:

“Term. This Origination Agreement shall commence as of the Effective Date and shall continue until December 31, 2020 and shall automatically be extended for additional one year periods thereafter, until either party provides ninety (90) calendar days written notice prior to the date this Origination Agreement would otherwise be automatically extended that this Origination Agreement shall no longer be so extended, unless sooner terminated (i) as provided herein or (ii) upon the termination of the Servicing Agreement, which shall result in the immediate termination of this Origination Agreement.”

              Section 3.            Representations of Servicer, GreenSky Servicing and Lender.  Each of Servicer, GreenSky Servicing and Lender hereby represents and warrants to the parties hereto that as of the date hereof each of the representations and warranties contained in the LOA are true and correct as of the date hereof and after giving effect to this Amendment (except to the extent that such representations and warranties expressly refer to an earlier date, in which case they are true and correct as of such earlier date).

              Section 4.           Conditions Precedent.  The effectiveness of this Amendment is subject to the receipt by the parties hereto of a fully executed counterpart of this Amendment from each party. 

              Section 5.           Amendment.  The parties hereto hereby agree that, except as otherwise provided herein, the provisions and effectiveness of this Amendment shall apply to the LOA as of the date hereof.  Except as amended by this Amendment, the LOA remains unchanged and in full force and effect.  This Amendment shall constitute a transaction document.

              Section 6.           Counterparts.  This Amendment may be executed by the parties in separate counterparts, each of which when so executed and delivered shall be an original, but all such counterparts shall together constitute but one and the same instrument. The delivery of an executed counterpart hereof by facsimile or .pdf shall constitute delivery of an executed counterpart hereof.

              Section 7.           Captions.  The headings of the Sections of this Amendment are for convenience of reference only and shall not modify, define, expand or limit any of the terms or provisions of this Amendment.

              Section 8.           Successors and Assigns.  The terms of this Amendment shall be binding upon, and shall inure to the benefit of the parties and their respective successors and permitted assigns.
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              Section 9.           Severability.  Any provision of this Amendment which is prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining provisions, and any such prohibition or unenforceability in any jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction.

              SECTION 10.       GOVERNING LAW.  THIS AMENDMENT SHALL BE CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF GEORGIA, WITHOUT REFERENCE TO ITS CONFLICT OF LAW PROVISIONS, AND THE OBLIGATIONS, RIGHTS AND REMEDIES OF THE PARTIES HEREUNDER SHALL BE DETERMINED IN ACCORDANCE WITH SUCH LAWS.

[Signature page follows]

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IN WITNESS WHEREOF, Servicer, Lender and GreenSky Servicing have each caused this Amendment to be duly executed by their respective duly authorized officers as of the Effective Date.

GREENSKY, LLC

By:            /s/ Tim Kaliban                             
Name:       Tim Kaliban                                  
Title:         President                                       
Date:         March 11, 2020                             

GREENSKY SERVICING, LLC

By:            /s/ Tim Kaliban                             
Name:       Tim Kaliban                                  
Title:         President                                        
Date:         March 11, 2020                             

TRUIST BANK

By:            /s/ Ivo Vissenberg                        
Name:       Ivo Vissenberg                             
Title:         Senior Vice President                  
Date:         March 11, 2020                            
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Exhibit 10.2

CERTAIN INFORMATION, IDENTIFIED BY [*****], HAS BEEN EXCLUDED FROM THE EXHIBIT BECAUSE IT IS BOTH NOT MATERIAL AND WOULD LIKELY CAUSE COMPETITIVE HARM TO THE COMPANY IF PUBLICLY DISCLOSED.

AMENDMENT NO. 1 TO 
AMENDED AND RESTATED LOAN ORIGINATION AGREEMENT

THIS AMENDMENT NO. 1 TO AMENDED AND RESTATED LOAN ORIGINATION AGREEMENT (this “Amendment”) is made effective as of February 21, 2020 (the “Effective Date”) by and between GreenSky, LLC, a Georgia limited liability company (“Servicer”), and Fifth Third Bank, National Association, an FDIC-insured federally chartered bank (“Lender”).  Capitalized terms used herein and not otherwise defined herein shall have the meanings ascribed to such terms in the Loan Origination Agreement (as defined herein).

WITNESSETH:

WHEREAS, Lender and Servicer have previously entered into that certain Amended and Restated Loan Origination Agreement dated as of December 20, 2019 (the “Loan Origination Agreement”); 

WHEREAS, Lender and Servicer desire to amend the Loan Origination Agreement as set forth herein; 

NOW THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, Lender and Servicer hereby agree as follows:

1.Effective as of the Effective Date, the Loan Origination Agreement is hereby amended as follows:

a.Section 2.03 of the Loan Origination Agreement is hereby amended by the insertion of the following:

“[*****]”

b.  Schedule A-1 to the Loan Origination Agreement is hereby amended by inserting the following as a new subsection “C” under the heading “[*****]”:

“C.       [*****]”

c.  Schedule A-2 to the Loan Origination Agreement is hereby amended by inserting the following as a new subsection “B” under the heading “[*****]”:

“B.       [*****]”

2.Except as expressly amended hereby, the Loan Origination Agreement shall remain in full force and effect.

3.This Amendment may be executed and delivered by Lender and Servicer in facsimile or PDF format and in any number of separate counterparts, all of which, when delivered, shall together constitute one and the same document.
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IN WITNESS WHEREOF, the parties have executed this Amendment as of the date first above written.

SERVICER:

GREENSKY, LLC

By:      /s/ Timothy D. Kaliban                                               
Name: Timothy D. Kaliban                                                    
Title:   President                                                                     

LENDER:

FIFTH THIRD BANK, 
NATIONAL ASSOCIATION

By:      /s/ Ben Hoffman                                                         
Name: Ben Hoffman                                                              
Title:   Senior Vice President, Strategy                                  

By:      /s/ Bryan Preston                                                        
Name: Bryan Preston                                                             
Title:   Senior Vice President, Treasurer

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