Document:

Exhibit 10.23

 

AMENDMENT AGREEMENT

 

This Amendment Agreement
(“Agreement”), dated as of July 25, 2019, is made by and between JGB Capital, LP, JGB Capital Partners, LP and
JGB (Cayman) Finlaggan Ltd. (collectively, the “Holders” and each a “Holder”), LiveXLive Media,
Inc., a Delaware corporation (the “Company”), JGB Collateral LLC, a Delaware limited liability company (the
“Agent”), as agent for the Holders, and each entity executing this Agreement as a Guarantor.

 

WHEREAS, the Holder
and the Company entered into a Securities Purchase Agreement dated as of June 29, 2018 (as the same may be amended, amended and
restated, supplemented or otherwise modified from time to time in accordance with its provisions, the “Purchase Agreement”),
whereby the Company issued to the Holders, and the Holders acquired from the Company, 12.75% Original Issue Discount Senior Secured
Debentures due June 29, 2021, in the aggregate original principal amount of $10,640,000 (as subsequently amended on February 11,
2019, and as the same may be subsequently amended, amended and restated, supplemented or otherwise modified from time to time in
accordance with its provisions, collectively the “Debentures” and each a “Debenture”);

 

WHEREAS, the Holders
and the Company desire to amend certain terms of the Debentures as provided herein; and

 

WHEREAS, as a condition
precedent to the Holders’ execution of this Agreement, the Company has delivered to the Holders on the date hereof, by wire
transfer of immediately available funds, a non-refundable consent charge of $150,000.

 

NOW, THEREFORE, in
consideration of the premises set forth above and other good and valuable consideration, the receipt and sufficiency of which are
hereby acknowledged, the parties agree as follows:

 

1. Definitions.
Capitalized terms used and not defined in this Agreement shall have the respective meanings given such terms in the Purchase Agreement
or the Debentures, as applicable.

 

2. Certain
Reaffirmations and Reconfirmation of Security Interest and Subsidiary Guaranty.

 

(a) The
Purchase Agreement, Debentures, Security Agreement and the other Transaction Documents are legal, valid, binding and enforceable
against the Holder and the Company and the Guarantors in accordance with their respective terms. The terms of the Transaction Documents
remain unchanged, except as modified pursuant to this Agreement.

 

     

     

    

 

(b) The
Company’s and each Guarantor’s respective obligations under the Transaction Documents are not subject to any setoff,
deduction, claim, counterclaim or defenses of any kind or character whatsoever.

 

(c) Holders
and Agent have valid, enforceable and perfected security interests in and liens on the Collateral, as to which there are no setoffs,
deductions, claims, counterclaims, or defenses of any kind or character whatsoever.

 

(d) Nothing
herein shall impair or limit the continuation of the liens and security interests granted to the Holders and/or the Agent under
the Security Agreement or the other Security Documents, which liens are continued in full force and effect pursuant to and as provided
therein. The Company and each Guarantor agrees that any reference to the Debenture in any Security Document means, following the
Effective Date, the Debenture as amended pursuant to this Agreement. The Company and each Guarantor acknowledges the continuing
existence and priority of all liens and security interests granted, conveyed, and assigned pursuant to the Security Documents in
accordance with the terms thereof, and agrees to perform such acts and duly authorize, execute, acknowledge, deliver, file, and
record such additional documents and certificates as the Holders or the Agent request in order to perfect, preserve, and protect
such liens and security interests.

 

(e) Each
Guarantor acknowledges this Agreement and ratifies and confirms that the Subsidiary Guarantee executed by such Guarantor is not
released, diminished, impaired, reduced, or otherwise adversely affected by this Agreement and continues to guarantee and assure
the full payment and performance of all present and future obligations under the Debentures (as amended by this Agreement) and
the other Transaction Documents.

 

(f) The
Holders and the Agent have fully and timely performed all of their obligations and duties in compliance with the Transactions Documents
and applicable law, and have acted reasonably, in good faith, and appropriately under the circumstances.

 

(g) In
further consideration of the Holders’ execution of this Agreement, the Company and each Guarantor, on behalf of themselves
and their successors, assigns, parents, subsidiaries, affiliates, officers, directors, employees, agents and attorneys hereby forever,
fully, unconditionally and irrevocably waive and release the Holders and their respective successors, assigns, parents, subsidiaries,
affiliates, officers, directors, employees, attorneys and agents (collectively, the “Releasees”) from any and
all claims, liabilities, obligations, debts, causes of action (whether at law or in equity or otherwise), defenses, counterclaims,
setoffs, of any kind, whether known or unknown, whether liquidated or unliquidated, matured or unmatured, fixed or contingent,
directly or indirectly arising out of, connected with, resulting from or related to any act or omission by the Holders or any other
Releasee with respect to the Debenture and the other Transaction Documents (collectively, the “Claims”). The Company
and each Guarantor further agree that none of them shall commence, institute, or prosecute any lawsuit, action or other proceeding,
whether judicial, administrative or otherwise, to prosecute, collect or enforce any Claim.

 

    2

     

    

 

3. Amendment
to the Debentures. With effect from and after the Effective Date (as defined below), Schedule E to each Debenture is
amended and restated retroactive to June 30, 2019 as follows:

 

	Calendar Quarter	 	EBITDA Target	 	 	Revenue Target	 
	December 31, 2018	 	($	2,600,000	)	 	$	6,645,595	 
	March 31, 2019	 	($	1,970,550	)	 	$	6,463,884	 
	June 30, 2019	 	($	6,565,217	)	 	$	9,300,000	 
	September 30, 2019	 	($	6,927,397	)	 	$	9,300,000	 
	December 31, 2019	 	($	7,401,139	)	 	$	15,004,979	 
	March 31, 2020	 	($	6,649,303	)	 	$	12,814,296	 
	June 30, 2020	 	($	6,658,498	)	 	$	17,858,320	 
	September 30, 2020	 	($	7,673,350	)	 	$	23,545,985	 
	December 31, 2020	 	($	8,395,590	)	 	$	22,983,779	 
	March 31, 2021	 	($	8,414,084	)	 	$	19,064,209	 

 

4. Representations
and Warranties. The Company and each Guarantor represents and warrants, severally and jointly, to the Holders that:

 

(a) Authorization;
Enforcement. The Company and each Guarantor has the requisite corporate power and authority to enter into and to consummate
the transactions contemplated by this Agreement and otherwise to carry out its obligations hereunder. The execution and delivery
of this Agreement by the Company and each Guarantor and the consummation by each of them of the transactions contemplated hereby
have been duly authorized by all necessary action on the part of the Company and each such Guarantor and no further action is required
by the Company or any Guarantor in connection herewith. This Agreement has been (or upon delivery will have been) duly executed
by the Company and each Guarantor and, when delivered in accordance with the terms hereof, will constitute the valid and binding
obligation of the Company and each Guarantor enforceable against them in accordance with its terms, except: (i) as limited by general
equitable principles and applicable bankruptcy, insolvency, reorganization, moratorium and other laws of general application affecting
enforcement of creditors’ rights generally, (ii) as limited by laws relating to the availability of specific performance,
injunctive relief or other equitable remedies and (iii) insofar as indemnification and contribution provisions may be limited by
applicable law.

 

(b) No
Conflicts. The execution, delivery and performance by the Company and each Guarantor of this Agreement, and the consummation
by each of them of the transactions contemplated hereby and thereby do not and will not: (i) conflict with or violate any provision
of the Company’s or any such Guarantor’s certificate or articles of incorporation, bylaws or other organizational or
charter documents, (ii) conflict with, or constitute a default (or an event that with notice or lapse of time or both would become
a default) under, result in the creation of any Lien upon any of the properties or assets of the Company or any Guarantor, or give
to others any rights of termination, amendment, acceleration or cancellation (with or without notice, lapse of time or both) of,
any agreement, credit facility, securities purchase agreement, debt or other instrument (evidencing a Company or Guarantor Indebtedness
or otherwise) or other understanding to which the Company or any Guarantor is a party or by which any property or asset of the
Company or any Guarantor is bound or affected, or (iii) conflict with or result in a violation of any law, rule, regulation, order,
judgment, injunction, decree or other restriction of any court or Governmental Authority to which the Company or a Guarantor is
subject (including federal and state securities laws and regulations), or by which any property or asset of the Company or a Guarantor
is bound or affected.

 

    3

     

    

 

(c) Absence
of Defaults. After giving effect to Section 3 hereof, no Event of Default has occurred or is continuing, and the Company and
each Guarantor have complied in all material respects with their respective obligations under the Transaction Documents.

 

(d) Solvency.
Based on the consolidated financial condition of the Company and its Subsidiaries taken as a whole, after giving effect to the
transactions contemplated by this Agreement: (i) the fair saleable value of the Company’s assets exceeds the amount that
will be required to be paid on or in respect of the Company’s existing Indebtedness and other liabilities (including known
contingent liabilities) as they mature, (ii) the Company’s assets do not constitute unreasonably small capital to carry on
its business as now conducted and as proposed to be conducted including its capital needs taking into account the particular capital
requirements of the business conducted by the Company, consolidated and projected capital requirements and capital availability
thereof, and (iii) the current cash flow of the Company, together with the proceeds the Company would receive, were it to liquidate
all of its assets, after taking into account all anticipated uses of the cash, would be sufficient to pay all amounts on or in
respect of its liabilities when such amounts are required to be paid. The Company does not intend to incur debts beyond its ability
to pay such debts as they mature (taking into account the timing and amounts of cash to be payable on or in respect of its debt).
The Company has no knowledge of any facts or circumstances which lead it to believe that it will file for reorganization or liquidation
under the bankruptcy or reorganization laws of any jurisdiction within one year from the date of this Agreement.

 

(e) Absence
of Material Adverse Effect. Since March 31, 2019, there has been no event, occurrence or development that has had or that could
reasonably be expected to result in a Material Adverse Effect.

 

(f) Representations
and Warranties in Transaction Documents. The representations and warranties set forth in each Transaction Document shall, in
each case, be true and correct in all respects with the same effect as made on the Effective Date (unless stated to relate solely
to an earlier date, in which case such representations and warranties shall be true and correct in all material respects as of
such earlier date), in each case, except as set forth in the Company’s most recent periodic report filed with the Commission.

 

    4

     

    

 

5. Conditions
Precedent. Section 3 of this Agreement shall become effective on the date (the “Effective Date”) that each
of the following conditions have been satisfied:

 

(a) Holders
and Agent have received a “wet ink” original of this Agreement duly executed and delivered by the Company and each
Guarantor;

 

(b) the
Company shall have complied with all of its covenants and obligations contained in this Agreement;

 

(c) the
Company actually receives aggregate net proceeds of at least $9,300,000 from the issuance and sale of its Common Stock by not later
than 5:00 p.m. (local time in New York City, New York) on July 31, 2019;

 

(d) the
Holders shall have received satisfactory evidence that all corporate and other proceedings that are necessary in connection with
this Agreement have been taken; and

 

(e) all
statements set forth in Sections 2 and 4 herein shall be true and correct as of the Effective Date, and the Holders and Agent shall
have received a certificate, dated as of the Effective Date and in form and substance satisfactory to the Holders and the Agent,
duly executed and delivered by the Chief Executive Officer or Chief Financial Officer of the Company, in which certificate the
Company shall certify, represent and warrant that, at the time such certificate is delivered, (i) all statements, representations
and warranties set forth in Sections 2 and 4 are true and correct immediately before and immediately after giving effect to the
Effective Date, and (ii) all of the conditions set forth in this Section 5 have been satisfied.

 

6. Other
Agreements. The Company shall, within five days after the date of this Agreement, cause Agent to have online “view only”
access to each deposit account and securities account of the Company and each direct or indirect Subsidiary. The failure to comply
with this Section 6 shall be deemed an immediate Event of Default under the Debentures.

 

7. Transaction
Documents. This Agreement is a Transaction Document. In addition, all references in the Transaction Documents to the Debentures
shall be deemed to mean the Debentures as amended by this Agreement. This Agreement, together with the Transaction Documents, are
the entire agreement among the parties with respect to the subject matter hereof.

 

8. No
Modification. Except as expressly set forth in Section 3 from and after the Effective Date, nothing contained in this Agreement
shall be deemed or construed to, and does not, amend, supplement or modify the Debentures or the other Transaction Documents or
otherwise affect the rights, remedies and/or obligations of any party thereto, all of which remain in full force and effect. For
the avoidance of doubt, if the conditions precedent set forth in Section 5 of this Agreement have not been satisfied by 5:00 p.m.
(local time in New York City, New York) on July 31, 2019, Section 3 of this Agreement shall be of no force and effect, but the
Company’s and each Guarantor’s other representations, warranties, acknowledgments, affirmations, releases and agreements
set forth in this Agreement shall survive.

 

    5

     

    

 

9. Successors
and Assigns; Survival. This Agreement shall inure to the benefit of and be binding upon each of the parties hereto, and each
of their respective successors and assigns. The representations and warranties of the Company and the Guarantors shall survive
the consummation of the transactions contemplated by this Agreement.

 

10. Governing
Law. This Agreement shall be governed by, and construed in accordance with, the laws of the State of New York. The parties
agree that the state and federal courts located in New York County, New York shall have exclusive jurisdiction over any action,
proceeding or dispute arising out of this Agreement and the parties submit to the personal jurisdiction of such courts.

 

11. Counterparts.
This Agreement may be executed in any number of counterparts, all of which shall constitute one and the same agreement, and any
party hereto may execute this Agreement by signing and delivering one or more counterparts. Delivery of an executed counterpart
of this Agreement electronically or by facsimile shall be effective as delivery of an original executed counterpart of this Agreement.

 

[SIGNATURE PAGE FOLLOWS]

 

    6

     

    

 

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

 

	LiveXLive Media, Inc., as the Company	 	Slacker, Inc., as Guarantor
	 	 	 
	By	/s/ Robert Ellin   	 	By	/s/ Robert Ellin
	Name:	 Robert Ellin	 	Name:	Robert Ellin
	Title:	CEO	 	Title:	CEO
	 	 	 
	LiveXLive, Corp., as Guarantor	 	LXL Studios, Inc., as Guarantor
	 	 	 
	By	/s/ Robert Ellin	 	By	/s/ Robert Ellin
	Name:	Robert Ellin	 	Name:	Robert Ellin
	Title:	CEO	 	Title: 	CEO
	 	 	 
	JGB (Cayman) Finlaggan Ltd., as Holder	 	JGB Capital, LP, as Holder
	 	 	 
	By	/s/ Brett Cohen	 	By	/s/ Brett Cohen
	Name:	Brett Cohen	 	Name:	Brett Cohen
	Title:	President	 	Title:	President
	 	 	 
	JGB Partners, LP, as Holder	 	JGB Collateral LLC, as Agent
	 	 	 
	By	/s/ Brett Cohen	 	By	/s/ Brett Cohen
	Name:	Brett Cohen	 	Name:	Brett Cohen
	Title:	President	 	Title:	President

 

 

7unit-ex104_242.htm

Exhibit 10.4

AGREEMENT OF RESIGNATION, APPOINTMENT AND ACCEPTANCE (the “Agreement”), dated as of June 26, 2019 by and among Uniti Group LP (“Uniti”), CSL Capital, LLC (“CSL”), Uniti Group Finance Inc. (“UGFI” and, together with Uniti and CSL, the “2023 Issuers”) and Uniti Fiber Holdings Inc. (“UFHI” and, together with Uniti and CSL, the “2024 Issuers”; the 2023 Issuers and the 2024 Issuers are collectively referred to herein as the “Issuers”), each a limited partnership, limited liability company or corporation, as applicable, duly organized and existing under the laws Delaware and having its principal offices at 10802 Executive Center Dr., Benton Building, Suite 300, Little Rock, AR 72211-4354, Deutsche Bank Trust Company Americas, a New York State banking institution and having a corporate trust office at 60 Wall Street, 16th Floor, MS NYC60-1630, New York, New York 10005 (“Successor Trustee”) and Wells Fargo Bank, N.A., a national banking association duly organized and existing under the laws of United States of America and having a corporate trust office at 150 East 42nd Street, 40th Floor, New York, New York 10017 (“Resigning Trustee”).

RECITALS:

WHEREAS, there are currently $550,000,000.00 and $1,110,000,000.00 aggregate principal amount of the 2023 Issuers’ 6.000% Senior Secured Notes due 2023 (the “6.000% Notes”) and 8.250% Senior Notes due 2023 (the “8.250% Notes”) outstanding under indentures dated as of April 24, 2015, as amended and supplemented as of the date hereof, among the 2023 Issuers, the guarantors party thereto and the Resigning Trustee, as trustee and collateral agent, as applicable (the “2023 Indentures”), and $600,000,000.00 aggregate principal amount of the 2024 Issuers’ 7.125% Senior Notes due 2024 (the “7.125% Notes” and together with the 6.000% Notes and 8.250% Notes, the “Securities”) outstanding under the indenture dated as of December 15, 2016, as amended and supplemented as of the date hereof (the “2024 Indenture” and, together with the 2023 Indentures, the “Indentures”) among 2024 Issuers, the guarantors party thereto and the Resigning Trustee, as trustee;

WHEREAS, the Issuers appointed Resigning Trustee as the trustee (the “Trustee”), registrar (the “Registrar”), paying agent (the “Paying Agent”) and, with respect to the 6.000% Notes, collateral agent (the “Collateral Agent”) under the Indentures;

 

 

WHEREAS, Section 7.08 of the Indentures provide that the Trustee may at any time resign with respect to the Securities by giving written notice of such resignation to the Issuers, effective upon the acceptance by a successor Trustee of its appointment as a successor Trustee;

WHEREAS, Section 7.08 of the Indentures provides that, if the Trustee shall resign, the Issuers shall promptly appoint a successor Trustee;

WHEREAS, Section 10.03(g) of the Indenture governing the 6.000% Notes (the “Secured Notes Indenture”) provides that the Collateral Agent may resign at any time by notice to the Trustee and the 2023 Issuers, effective upon the acceptance of a successor agent to its appointment as Collateral Agent;

WHEREAS, Section 10.03(g) of the Secured Notes Indenture provides that if the Collateral Agent shall resign, the 2023 Issuers shall appoint a successor Collateral Agent;

WHEREAS, Section 7.08 of the Indentures provide that any successor Trustee appointed in accordance with the Indentures shall execute, acknowledge and deliver to the Issuers and to their predecessor Trustee an instrument accepting such appointment under each Indenture, and thereupon the resignation of the predecessor Trustee shall become effective and such successor Trustee, without any further act, deed or conveyance, shall become vested with all rights, powers, duties and obligations of the predecessor Trustee;

WHEREAS, Section 10.03(g) of the Secured Notes Indenture provides that upon the acceptance of its appointment as successor Collateral Agent under the Secured Notes Indenture, such successor Collateral Agent shall succeed to all the rights, powers and duties of the retiring Collateral Agent, and the term “Collateral Agent” shall mean such successor collateral agent, and the retiring Collateral Agent’s appointment, powers and duties as the Collateral Agent shall be terminated;

WHEREAS, the Resigning Trustee has given written notice to the Issuers that it is resigning as Trustee, Registrar, Paying Agent and Collateral Agent, as applicable, under the Indentures;

WHEREAS, the Issuers desire to appoint Successor Trustee as successor Trustee, Registrar, Paying Agent and Collateral Agent, as applicable, to succeed Resigning Trustee in such capacities, as applicable, under the Indentures; and

2

 

 

WHEREAS, Successor Trustee is willing to accept such appointment as successor Trustee, Registrar, Paying Agent and Collateral Agent, as applicable, under the Indentures;

NOW, THEREFORE, the Issuers, Resigning Trustee and Successor Trustee, for and in consideration of the premises and of other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, hereby consent and agree as follows:

1

THE RESIGNING TRUSTEE

1.1Pursuant to Section 7.08 of the Indentures, Resigning Trustee has by letter notified the Issuers that Resigning Trustee is resigning as Trustee, Registrar, Paying Agent and Collateral Agent, as applicable, under the Indentures.

1.2Resigning Trustee hereby represents and warrants to Successor Trustee that:

	
 
	
(a)
	
Each Indenture, and each amendment and supplemental indenture thereto, if any, was validly and lawfully executed and delivered by the Resigning Trustee and is in full force and effect.

	
 
	
(b)
	
No covenant or condition contained in any Indenture has been waived by Resigning Trustee or, to the best knowledge of responsible officers of Resigning Trustee’s corporate trust department, by the Holders of the percentage in aggregate principal amount of the Securities required by the Indentures to effect any such waiver.

	
 
	
(c)
	
To the best knowledge of responsible officers of Resigning Trustee’s corporate trust department, there is no action, suit or proceeding pending or  threatened against Resigning Trustee before any court or any governmental authority arising out of any act or omission of Resigning Trustee as Trustee under the Indentures.

	
 
	
(d)
	
As of the effective date of this Agreement, Resigning Trustee will hold no moneys or property under any Indenture.

	
 
	
(e)
	
Pursuant to Section 2.02 of the Indentures, Resigning Trustee has duly authenticated and delivered $2,260,000,000.00 aggregate principal amount 

3

 

 

	
 
		
of Securities, $2,260,000,000.00 of which are outstanding as of the effective date hereof and interest has been paid through the most recent date on which interest is required to be paid in accordance with the terms of such Securities.

	
 
	
(f)
	
The registers in which it has registered and transferred registered Securities accurately reflect the amount of Securities issued and outstanding and the amounts payable thereon.

	
 
	
(g)
	
Each person who so authenticated the Securities was duly elected, qualified and acting as an officer or authorized signatory of Resigning Trustee and empowered to authenticate the Securities at the respective times of such authentication and the signature of such person or persons appearing on such Securities is each such person’s genuine signature.

	
 
	
(h)
	
This Agreement has been duly authorized, executed and delivered on behalf of Resigning Trustee and constitutes its legal, valid and binding obligation, enforceable in accordance with its terms.

	
 
	
(i)
	
To its best knowledge, no responsible officer of the Resigning Trustee’s corporate trust department has received notice from the Issuers or any Holder that a default or Event of Default has occurred and is continuing, and no responsible officer of the Resigning Trustee’s corporate trust department has actual knowledge that a default or Event of Default has occurred and is continuing under any Indenture.

1.3Resigning Trustee hereby assigns, transfers, delivers and confirms to Successor Trustee all right, title and interest of Resigning Trustee in and to the trust under the Indentures and all the rights, powers, trusts, privileges, immunities, duties and obligations of the Trustee under the Indentures, including, without limitation, all of its rights to, and all of its security interests in and liens upon, the collateral, if any, and all other rights of Resigning Trustee with respect to the collateral, if any, pursuant to the transaction documents.  Resigning Trustee shall execute and deliver such further instruments and shall do such other things as Successor Trustee may reasonably require so as to more fully and certainly vest and confirm in Successor Trustee all the rights, powers, trusts, privileges, immunities, duties and obligations hereby assigned, transferred, 

4

 

 

delivered and confirmed to Successor Trustee as Trustee, Registrar, Paying Agent and Collateral Agent, as applicable.

1.4Resigning Trustee shall deliver to Successor Trustee, as of or promptly after the effective date hereof, all of the documents listed on Exhibit A hereto, to the extent that such documents exist and are in the Resigning Trustee’s possession.

2

THE Issuers

2.1The Issuers hereby accept the resignation of Resigning Trustee as Trustee, Registrar, Paying Agent and Collateral Agent, as applicable, under the Indentures.

2.2Each Issuer hereby appoints Successor Trustee as Trustee, Registrar, Paying Agent and Collateral Agent, as applicable, under the Indenture(s) to which it is a party to succeed to, and hereby vests Successor Trustee with, all the rights, powers, trusts, privileges, immunities, duties and obligations of Resigning Trustee under such Indenture(s) with like effect as if originally named as Trustee, Registrar, Paying Agent and Collateral Agent, as applicable, in such Indenture(s).

2.3The Issuers, severally and not jointly, hereby represent and warrant to Resigning Trustee and Successor Trustee that:

	
 
	
(a)
	
Each Issuer is a limited partnership, limited liability company or corporation, as applicable, duly and validly organized and existing pursuant to the laws of the State of Delaware.

	
 
	
(b)
	
Each Indenture, and each amendment or supplemental indenture thereto, was validly and lawfully executed and delivered by the Issuers party thereto and is in full force and effect and the Securities were validly issued by the applicable Issuers.

	
 
	
(c)
	
Each Issuer has performed or fulfilled prior to the date hereof, and will continue to perform and fulfill after the date hereof, each covenant, agreement, condition, obligation and responsibility under the applicable Indenture(s).

5

 

 

	
 
	
(d)
	
No event has occurred and is continuing which is, or after notice or lapse of time would become, an Event of Default under the Indenture(s) to which it is a party.

	
 
	
(e)
	
No covenant or condition contained in the Indentures has been waived by the Issuers party thereto or, to the best of each such Issuer’s knowledge, by Holders of the percentage in aggregate principal amount of the Securities required to effect any such waiver.

	
 
	
(f)
	
There is no action, suit or proceeding pending or, to the best of the each Issuer’s knowledge, threatened against such Issuer before any court or any governmental authority arising out of any act or omission of such Issuer under the Indenture(s) to which it is a party.

	
 
	
(g)
	
This Agreement has been duly authorized, executed and delivered on behalf of each Issuer and constitutes its legal, valid and binding obligation, enforceable in accordance with its terms.

	
 
	
(h)
	
All conditions precedent relating to the appointment of Deutsche Bank Trust Company Americas as successor Trustee and Collateral Agent, as applicable, under the Indentures have been complied with by the applicable Issuers.

	
 
	
(i)
	
No Issuer has appointed any paying agents under the Indenture(s) to which it is a party other than the Resigning Trustee.  

3

THE SUCCESSOR TRUSTEE

3.1Successor Trustee hereby represents and warrants to Resigning Trustee and to the Issuers that:

	
 
	
(a)
	
Successor Trustee is eligible to act as Trustee under the provisions of the Indentures.

	
 
	
(b)
	
Successor Trustee is eligible to act as Collateral Agent under the provisions of the Secured Notes Indenture.

6

 

 

	
 
	
(b)
	
This Agreement has been duly authorized, executed and delivered on behalf of Successor Trustee and constitutes its legal, valid and binding obligation, enforceable in accordance with its terms.

3.2Successor Trustee hereby accepts its appointment as successor Trustee, Registrar, Paying Agent and Collateral Agent, as applicable, under the Indentures and accepts the rights, powers, trusts, privileges, immunities, duties and obligations of Resigning Trustee as Trustee, Registrar, Paying Agent and Collateral Agent, as applicable, under the Indentures, upon the terms and conditions set forth therein, with like effect as if originally named as Trustee, Registrar, Paying Agent and Collateral Agent, as applicable, under the Indentures.

3.3References in the Indentures to “Principal Office,” “Corporate Trust Office of the Trustee” or other similar terms shall be deemed to refer to the designated corporate trust office of Successor Trustee, which is presently located at 60 Wall Street, 16th Floor, MS NYC60-1630, New York, New York 10005.

4

NOTICES

 

4.1Promptly after the effective date of this Agreement, the Successor Trustee, in the Issuers’ names and at their expense, shall transmit notices of the Successor’s Trustee’s succession to the Holders of the Securities, in the forms of Exhibit B annexed hereto, in accordance with the provisions of Section 7.08 of the Indentures.

 

5

MISCELLANEOUS

5.1Except as otherwise expressly provided herein or unless the context otherwise requires, all terms used herein which are defined in the Indentures shall have the meanings assigned to them in the Indentures.

5.2This Agreement and the resignation, appointment and acceptance effected hereby shall be effective as of July 8, 2019.

7

 

 

5.3This Agreement does not constitute a waiver by any of the parties hereto of any obligation or liability which Resigning Trustee may have incurred in connection with its serving as Trustee, Paying Agent, Registrar or Collateral Agent, as applicable, under the Indentures or an assumption by Successor Trustee of any liability of Resigning Trustee arising out of a breach by Resigning Trustee prior to its resignation of its duties under the Indentures.  

5.4Resigning Trustee hereby acknowledges payment or provision for payment in full by the Issuers of compensation for all services rendered by Resigning Trustee in its capacity as Trustee, Registrar, Paying Agent and Collateral Agent, as applicable, under Section 7.07 of the Indentures and reimbursement in full by the Issuers of the expenses, disbursements and advances incurred or made by Resigning Trustee in its capacity as Trustee, Registrar, Paying Agent and Collateral Agent, as applicable, in accordance with the provisions of the Indentures.  Resigning Trustee acknowledges that it relinquishes any lien it may have upon all property or funds held or collected by it to secure any amounts due it pursuant to the provisions of Section 7.07 of the Indentures.  This Agreement does not constitute a waiver or assignment by the Resigning Trustee of any compensation, reimbursement, expenses or indemnity to which it is or may be entitled pursuant to the Indentures.  Each Issuer acknowledges its obligation set forth in Section 7.07 of the Indenture(s) to which it is a party to indemnify Resigning Trustee for, and to hold Resigning Trustee harmless against, any loss, liability or expense incurred without willful misconduct or negligence on the part of Resigning Trustee and arising out of or in connection with the acceptance or administration of the trust evidenced by the Indentures (which obligation shall survive the execution hereof).

5.5The parties hereto agree to take reasonable action to confirm, evidence and perfect Successor Trustee’s rights in, or with respect to, the collateral, if any, pursuant to the transaction documents.

5.6This Agreement shall be governed by and construed in accordance with the laws of the State of New York, without regard to conflicts of laws principles thereof.

5.7This Agreement may be executed in two or more counterparts, each of which shall be deemed to be an original and all of which together shall constitute one and the same agreement.  The exchange of copies of this Agreement and of signature pages by facsimile or PDF transmission 

8

 

 

shall constitute effective execution and delivery of this Agreement as to the parties hereto and may be used in lieu of the original Agreement and signature pages for all purposes.

5.8The Issuers acknowledge that, in accordance with Section 326 of the USA Patriot Act, Successor Trustee, in order to help fight the funding of terrorism and prevent money laundering, is required to obtain, verify and record information that identifies each person or legal entity that establishes a relationship or opens an account with Successor Trustee.  The Issuers agree that it will provide Successor Trustee with such information as it may request in order for Successor Trustee to satisfy the requirements of the USA Patriot Act.

5.9This Agreement sets forth the entire agreement of the parties with respect to its subject matter, and supersedes and replaces any and all prior contemporaneous warranties, representations or agreements, whether oral or written, with respect to the subject matter of this Agreement other than those contained in this Agreement.

5.10Neither the Resigning Trustee, nor the Successor Trustee shall incur any liability for not performing any act or fulfilling any duty, obligation or responsibility hereunder by reason of any occurrence beyond the control of the Resigning Trustee or the Successor Trustee (including but not limited to any act or provision of any present or future law or regulation or governmental authority, any act of God or war, civil unrest, local or national disturbance or disaster, any act of terrorism, or the unavailability of the Federal Reserve Bank wire or facsimile or other wire or communication facility).

5.11The Issuers, Resigning Trustee and Successor Trustee hereby acknowledge receipt of an executed counterpart of this Agreement and the effectiveness thereof.

5.12Unless otherwise provided herein, all notices, requests and other communications to any party hereunder shall be in writing (including facsimile and electronic transmission in PDF format) and shall be given to such party, addressed to it, as set forth below:

 

If to the Issuers:

c/o Uniti Group Inc.
10802 Executive Center Drive,

Benton Building Suite 300,

Little Rock, AR 72211

Attention: General Counsel

Fax No.: (501) 537-0769

9

 

 

 

If to Resigning Trustee:

Wells Fargo Bank, N.A. 

150 East 42nd Street, 40th Floor

New York, New York 10017

Attention: Raymond Delli Colli

Facsimile:  (917) 260-1593

Email: Raymond.dellicolli@wellsfargo.com

 

If to Successor Trustee:

Deutsche Trust Company Americas

60 Wall Street, 16th Floor

MS NYC60-1630 

New York, New York 10005

Attn: Corporates Team, Uniti Group and CSL Capital

Facsimile: (732) 578-4635

 

 

 

[Signature pages to follow]

10

 

Exhibit 10.4

 

IN WITNESS WHEREOF, the parties hereto have caused this Agreement of Resignation, Appointment and Acceptance to be duly executed, all as of the day and year first above written.

		
	
 
	
Uniti Group LP

	
 
	
By: Uniti Group Inc., as its general partner

	
 
	
 

	
 
	
By: /s/ Daniel L. Heard

	
 
	
Name: Daniel L. Heard
Title: Executive Vice President – General Counsel and Secretary

	
 
	
 

	
 
	
 

	
 
	
CSL Capital, LLC

	
 
	
 

	
 
	
By: /s/ Daniel L. Heard

	
 
	
Name: Daniel L. Heard
Title: Executive Vice President – General Counsel and Secretary

	
 
	
 

	
 
	
 

	
 
	
Uniti Group Finance Inc.

	
 
	
 

	
 
	
By: /s/ Daniel L. Heard

	
 
	
Name: Daniel L. Heard
Title: Executive Vice President – General Counsel and Secretary

	
 
	
 

	
 
	
 

	
 
	
Uniti Fiber Holdings Inc.

	
 
	
 

	
 
	
By: /s/ Daniel L. Heard

	
 
	
Name: Daniel L. Heard
Title: Executive Vice President – General Counsel and Secretary

	
 
	
 

	
 
	
 

	
 
	
Wells Fargo Bank, N.A.

	
 
	
as Resigning Trustee

	
 
	
 

	
 
	
By: /s/ Raymond Delli Colli

	
 
	
Name: Raymond Delli Colli
Title:   Vice President

	
 
	
 

[Signature Page to Agreement of Resignation, Appointment and Acceptance]

 

		
	
 
	
 

	
 
	
Deutsche Bank Trust Company Americas, 

as Successor Trustee

	
 
	
 

	
 
	
 

	
 
	
By: /s/ Robert S. Peschler

	
 
	
Name: Robert S. Peschler
Title:   Vice President

 

	
 
	
By: /s/ Bridgette Casasnovas

	
 
	
Name: Bridgette Casasnovas
Title:   Vice President

	
 
	
 

	
 
	
 

 

 

[Signature Page to Agreement of Resignation, Appointment and Acceptance]

 

EXHIBIT A

Documents to be delivered to Successor Trustee

	
1.
	
Executed copy of each Indenture and each amendment and supplemental indenture thereto.

	
2.
	
File of closing documents from initial issuance.

	
3.
	
Collateral, if any, and related documents.

	
4.
	
Originals of all global notes required to be held by it as custodian for the Depository Trust Company.

	
5.
	
A copy of the most recent compliance certificate delivered pursuant to Section 4.04 of the Indentures.

	
6.
	
Certified list of Holders, including certificate detail and all “stop transfers” and the reason for such “stop transfers” (or, alternatively, if there are a substantial number of registered Holders, the computer tape reflecting the identity of such Holders). 

	
7.
	
Filed, stamped copies of all existing financing statements.

 

 

EXHIBIT B

Uniti Group LP, Uniti Group Finance Inc. and CSL Capital, LLC

NOTICE

To the Holders of the 8.250% Senior Notes due 2023 of 
Uniti Group LP, Uniti Group Finance Inc. and CSL Capital, LLC
(CUSIP No. 20341W AD7)*

NOTICE IS HEREBY GIVEN, pursuant to Section 7.08 of the Indenture, dated as of April 24, 2015 (as amended and supplemented through the date hereof, the “Indenture”), by and among Uniti Group LP, a Delaware limited partnership (“Uniti”), Uniti Group Finance Inc., a Delaware corporation (“Uniti Finance”), and CSL Capital, LLC, a Delaware limited liability company (“CSL Capital” and, together with Uniti and Uniti Finance, the “Issuers”), the guarantors party thereto and Wells Fargo Bank, National Association, as Trustee, that Wells Fargo Bank, National Association has resigned as trustee, registrar and paying agent under the Indenture.

Pursuant to Section 7.08 of the Indenture, Deutsche Bank Trust Company Americas, a New York State banking institution, has accepted appointment as trustee, registrar and paying agent under the Indenture.  The address of the designated corporate trust office of the successor Trustee (including for purposes of Section 12.01 of the Indenture) is 60 Wall Street, 16th Floor, MS NYC60-1630, New York, New York 10005, Attn: Corporates Team, Uniti Group and CSL Capital, Facsimile: (732) 578-4635.

Wells Fargo Bank, National Association’s resignation as trustee, registrar and paying agent and Deutsche Bank Trust Company Americas’ appointment as successor trustee, registrar and paying agent were effective as of July 8, 2019.

* * * * *

	
Dated: 
	
July __, 2019

* No representation is made as to the accuracy or correctness of CUSIP Nos.

 

 

Uniti Group LP, Uniti Group Finance Inc. and CSL Capital, LLC

NOTICE

To the Holders of the 6.000% Senior Secured Notes due 2023 of 
Uniti Group LP, Uniti Group Finance Inc. and CSL Capital, LLC
(CUSIP Nos. 20341W AA3, U20316 AA0 and U20316 AC6)*

NOTICE IS HEREBY GIVEN, pursuant to Sections 7.08 and 10.03 of the Indenture, dated as of April 24, 2015 (as amended and supplemented through the date hereof, the “Indenture”), by and among Uniti Group LP, a Delaware limited partnership (“Uniti”), Uniti Group Finance Inc., a Delaware corporation (“Uniti Finance”), and CSL Capital, LLC, a Delaware limited liability company (“CSL Capital” and, together with Uniti and Uniti Finance, the “Issuers”), the guarantors party thereto and Wells Fargo Bank, National Association, as Trustee and Collateral Agent, that Wells Fargo Bank, National Association has resigned as trustee, registrar, paying agent and collateral agent under the Indenture.

Pursuant to Sections 7.08 and 10.03 of the Indenture, Deutsche Bank Trust Company Americas, a New York State banking institution, has accepted appointment as trustee, registrar, paying agent and collateral agent under the Indenture.  The address of the designated corporate trust office of the successor Trustee and the successor Collateral Agent (including for purposes of Section 13.01 of the Indenture) is 60 Wall Street, 16th Floor, MS NYC60-1630, New York, New York 10005, Attn: Corporates Team, Uniti Group and CSL Capital, Facsimile: (732) 578-4635.

Wells Fargo Bank, National Association’s resignation as trustee, registrar, paying agent and collateral agent and Deutsche Bank Trust Company Americas’ appointment as successor trustee, registrar, paying agent and collateral agent were effective as of July 8, 2019.

* * * * *

	
Dated: 
	
July __, 2019

* No representation is made as to the accuracy or correctness of CUSIP Nos.

 

 

Uniti Group LP, Uniti Fiber Holdings Inc. and CSL Capital, LLC

NOTICE

To the Holders of the 7.125% Senior Notes due 2024 of 
Uniti Group LP, Uniti Fiber Holdings Inc. and CSL Capital, LLC
(CUSIP Nos. 20341W AE5 and U20316 AD4)*

NOTICE IS HEREBY GIVEN, pursuant to Section 7.08 of the Indenture, dated as of December 15, 2016 (as amended and supplemented through the date hereof, the “Indenture”), by and among Uniti Group LP, a Delaware limited partnership (“Uniti”), Uniti Fiber Holdings Inc., a Delaware corporation (“Uniti Fiber”), and CSL Capital, LLC, a Delaware limited liability company (“CSL Capital” and, together with Uniti and Uniti Fiber, the “Issuers”), the guarantors party thereto and Wells Fargo Bank, National Association, as Trustee, that Wells Fargo Bank, National Association has resigned as trustee, registrar and paying agent under the Indenture.

Pursuant to Section 7.08 of the Indenture, Deutsche Bank Trust Company Americas, a New York State banking institution, has accepted appointment as trustee, registrar and paying agent under the Indenture.  The address of the designated corporate trust office of the successor Trustee (including for purposes of Section 12.01 of the Indenture) is 60 Wall Street, 16th Floor, MS NYC60-1630, New York, New York 10005, Attn: Corporates Team, Uniti Group and CSL Capital, Facsimile: (732) 578-4635.

Wells Fargo Bank, National Association’s resignation as trustee, registrar and paying agent and Deutsche Bank Trust Company Americas’ appointment as successor trustee, registrar and paying agent were effective as of July 8, 2019.

* * * * *

	
Dated: 
	
July __, 2019

* No representation is made as to the accuracy or correctness of CUSIP Nos.

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00298-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00298-of-00352.parquet"}]]