Document:

trtx-ex1012_899.htm

Exhibit 10.12

EXECUTION VERSION

 

NINTH AMENDMENT TO MASTER REPURCHASE AND SECURITIES CONTRACT AGREEMENT

This Ninth Amendment to Master Repurchase and Securities Contract Agreement (this “Amendment”), dated as of June 30, 2020, is by and between GOLDMAN SACHS BANK USA, a New York state-chartered bank, as buyer (“Buyer”), and TPG RE FINANCE 2, LTD., an exempted company incorporated with limited liability under the laws of the Cayman Islands (“Seller”). Capitalized terms used but not otherwise defined herein shall have the meanings given to them in the Master Repurchase Agreement (as defined below).

W I T N E S S E T H:

WHEREAS, Seller and Buyer have entered into that certain Master Repurchase and Securities Contract Agreement dated as of August 19, 2015 (as amended by that certain First Amendment to the Master Repurchase and Securities Contract Agreement, dated as of December 29, 2015, as further amended by that certain Second Amendment to the Master Repurchase and Securities Contract Agreement, dated as of November 3, 2016, as further amended by that certain Third Amendment to Master Repurchase and Securities Contract Agreement, dated as of June 12, 2017, as further amended by that certain Fourth Amendment to Master Repurchase and Securities Contract Agreement, dated as of February 14, 2018, as further amended by that certain Fifth Amendment to Master Repurchase and Securities Contract Agreement, dated as of May 4, 2018, as further amended by that certain Sixth Amendment to Master Repurchase and Securities Contract Agreement, dated as of August 17, 2018, as further amended by that certain Seventh Amendment to Master Repurchase and Securities Contract Agreement, dated as of August 16, 2019 and effective as of February 1, 2019, as further amended by that certain Eighth Amendment to the Master Repurchase and Securities Contract Agreement, dated as of August 19, 2019, and as further amended hereby, and as further amended, restated, supplemented or otherwise modified and in effect from time to time, collectively, the “Master Repurchase Agreement”); and

WHEREAS, Seller and Buyer wish to modify certain terms and provisions of the Master Repurchase Agreement.

NOW, THEREFORE, the parties hereto agree as follows:

1.Renewal Option. Seller and Buyer hereby agree to Seller’s exercise of the First Additional Renewal Option (from August 19, 2020 to August 19, 2021) on the date hereof and agree that, subject to payment of the Renewal Standby Fee, the Availability Period Renewal Conditions are deemed to have been satisfied. Seller and Buyer hereby agree that Seller retains its right to exercise the Second Additional Renewal Option in accordance with Article 3(h) of the Master Repurchase Agreement.

2.Amendments  to  Master  Repurchase  Agreement.The Master Repurchase Agreement is hereby amended as follows:

i.The following definitions in Article 2 of the Master Repurchase Agreement are hereby deleted in their entirety and replaced with the following:

“Availability Period Expiration Date” shall mean August 19, 2021, as such date may be extended in accordance with Article 3(h) of this Agreement.

 

 

LEGAL_US_E # 149184008.3

 

“Maximum Facility Amount” shall mean $250,000,000.00, as such amount may be increased pursuant to Article 3(o) of this Agreement.

ii.The following is hereby inserted into the Master Repurchase Agreement as Article 3(o):

“(o)    Maximum Facility  Amount. The Maximum Facility  Amount may be increased  after August 19, 2020 to Three Hundred Seventy-Five Million Dollars ($375,000,000), and may be further increased to Five Hundred Million Dollars ($500,000,000), provided in the case of each such increase that the conditions set forth in clauses (i)-(v) below are satisfied:

(i)Seller shall have delivered to Buyer a written request to increase the Maximum Facility Amount, which shall be delivered at least ten (10) Business Days prior to any increase being effectuated, which request shall specify the related increased Maximum Facility Amount it is requesting;

(ii)Seller shall, as applicable, execute: (A) an amendment documenting such increased Maximum Facility Amount or (B) such other documents as Buyer may reasonably require;

(iii)Seller shall have paid to Buyer the applicable Upsize Fee (as defined in the Fee Letter);

(iv)no Event of Default, Margin Deficit or Potential Default has occurred and is continuing or would result from such increase in the Maximum Facility Amount; and

(v)as of the date of such increase, the representations and warranties contained in Article 9 hereof (other than MTM Representations or any representations or warranties contained in a Requested Exceptions Report) are true and correct in all material respects, with the same force and effect as if made on and as of such date; except to the extent that such representations and warranties specifically refer to any earlier date, in which case they shall be true and correct as of such earlier date and except that for the purposes of this Article 3(o)(v), the representations and warranties regarding Seller or Guarantor’s financial statements shall be deemed to refer to the most recent financial statements furnished to Buyer.

3.Effectiveness. The effectiveness of this Amendment is subject to receipt by Buyer of the following:

i.Amendment. This Amendment, duly executed and delivered by Seller and Buyer.

ii.Fees. Payment by Seller of (i) the Renewal Standby Fee on the date hereof and (ii) the actual costs and expenses, including, without limitation, the reasonable fees and expenses of counsel to Buyer, incurred by Buyer in connection with this Amendment and the transactions contemplated hereby.

4.No Amendments. No amendments have been made to the organizational documents of Seller and Guarantor since August 17, 2018, unless otherwise stated therein, which provide for, among other things, the authority of Seller and Guarantor to execute and deliver, as applicable, this Amendment and the Seventh Amendment to Fee Letter to be executed and delivered in connection with this Amendment.

5.Good Standing. Within a reasonable time after the date hereof, Seller shall provide good standing certificates for the Seller, Pledgor and Guarantor.

2

LEGAL_US_E # 149184008.3

 

6.Continuing Effect; Reaffirmation of Guarantee. As amended by this Amendment, all terms, covenants and provisions of the Master Repurchase Agreement are ratified and confirmed and shall remain in full force and effect. In addition, any and all guaranties and indemnities for the benefit of  Buyer (including, without limitation, the Guarantee) and agreements subordinating rights and liens to the rights and liens of Buyer, are hereby ratified and confirmed and shall not be released, diminished, impaired, reduced or adversely affected by this Amendment, and each party indemnifying Buyer, and each party subordinating any right or lien to the rights and liens of Buyer, hereby consents, acknowledges and agrees to the modifications set forth in this Amendment and waives any common law, equitable, statutory or other rights which such party might otherwise have as a result of or in connection with this Amendment.

7.Binding Effect; No Partnership; Counterparts. The provisions of the Master Repurchase Agreement, as amended hereby, shall be binding upon and inure to the benefit of the parties hereto and their respective successors and permitted assigns. Nothing herein contained shall be deemed or construed to create a partnership or joint venture between any of the parties hereto. For the purpose of facilitating the execution of this Amendment as herein provided, this Amendment may be executed simultaneously in any number of counterparts, each of which shall be deemed to be an original, and such counterparts when taken together shall constitute but one and the same instrument.

8.Further Agreements. Seller agrees to execute and deliver such additional documents, instruments or agreements as may be reasonably requested by Buyer and as may be necessary or appropriate from time to time to effectuate the purposes of this Amendment.

9.Governing Law. The provisions of Article 19 of the Master Repurchase Agreement are incorporated herein by reference.

10.Headings. The headings of the sections and subsections of this Amendment are for convenience of reference only and shall not be considered a part hereof nor shall they be deemed to limit or otherwise affect any of the terms or provisions hereof.

11.References to Transaction Documents. All references to the Master Repurchase Agreement  in any Transaction Document, or in any other document executed or delivered in connection therewith shall, from and after the execution and delivery of this Amendment, be deemed a reference to the Master Repurchase Agreement as amended hereby, unless the context expressly requires otherwise.

[NO FURTHER TEXT ON THIS PAGE]

 

 

3

LEGAL_US_E # 149184008.3

 

IN WITNESS WHEREOF, the parties have executed this Amendment as a deed as of the day first written above.

 

	
BUYER:

	
 
	
 
	
 

	
 
	
 
	
 

	
GOLDMAN SACHS BANK USA, a New York state-chartered bank

	
 

	
 

	
By:
	
 
	
/s/ Jeffrey Dawkins

	
 
	
 
	
Name: Jeffrey Dawkins

	
 
	
 
	
Title: Authorized Person

 

[ADDITIONAL SIGNATURE PAGE FOLLOWS]

 

 

Signature Page to Ninth Amendment to MRA

 

 

	
SELLER:

	
 
	
 
	
 

	
 
	
 
	
 

	
TPG RE FINANCE 2, LTD., an Exempted company Incorporated with limited liability under the laws of the Cayman Islands

	
 

	
 

	
By:
	
 
	
/s/ Matthew Coleman

	
 
	
 
	
Name: Matthew Coleman

	
 
	
 
	
Title: Vice President

 

[ADDITIONAL SIGNATURE PAGE FOLLOWS]

 

 

Signature Page to Ninth Amendment to Master Repurchase and Securities Contract Agreement

 

 

	
AGREED AND ACKNOWLEDGED:

	
 
	
 
	
 

	
GUARANTOR:

	
 
	
 
	
 

	
TPG RE FINANCE TRUST HOLDCO, LLC, a Delaware limited liability company

	
 

	
 

	
By:
	
 
	
/s/ Matthew Coleman

	
 
	
 
	
Name: Matthew Coleman

	
 
	
 
	
Title: Vice President

 

Signature Page to Ninth Amendment to Master Repurchase and Securities Contract AgreementDEFINITIVE ACQUISITION AGREEMENT

 

EXHIBIT 10.1

DEFINITIVE ACQUISITION AGREEMENT

In consideration of the mutual promises, covenants, and representations contained herein,

The Effective Closing Date of this Definitive Agreement shall be July 27, 2020, between MediXall Group, Inc., a Nevada corporation with its offices located at 2929 East Commercial Boulevard, PH-D, Fort Lauderdale, FL, 33308 (hereinafter referred to as “The Buyers"); and TurnKey Capital, Inc., a Nevada corporation with its offices located at 2929 East Commercial Boulevard, PH-D, Fort Lauderdale, FL, 33308 (hereinafter referred to as “The Sellers"). The Buyers, in exchange for One Million (1,000,000) issued and outstanding shares of the Buyers’ common stock, will receive from The Sellers its interest in a previously executed agreement The Sellers had with Egg Health Hub, Inc. where by The Sellers had the exclusive right to the Egg Health Hub (“EGG”) concept, name, developed images and intellectual property and any derivative use of the EGG name.  

Egg Health Hub is a concept for bringing together top physicians and wellness professionals into co-practicing communities with shared access to a full-stack technology platform – scheduling, billing, client acquisition, and telemedicine designed to optimize both the physician and client experience, only remotely vs in a physical space. MediXall possessed the infrastructure and willingness to pursue this opportunity.

  

THE PARTIES HERETO AGREE AS FOLLOWS:

ARTICLE I

Transfer of Securities and Exclusive Rights

Subject to the terms and conditions of this Agreement, The Sellers agree to accept, and The Buyers agree to the delivery of One Million (1,000,000) issued and outstanding common shares of MediXall Group, Inc. Furthermore, subject to the terms and conditions of this Agreement, The Buyers agree to accept, and the Sellers agree to release its interest in the exclusive rights to develop the Egg Health Hub concept.   

ARTICLE II

Representations and Warranties

The Sellers, jointly and severally represent and warrant to "The Buyers" that the following shall be true and correct in all respects as of the closing (as defined in Article V of this Agreement):

2.01 Asset. The Seller warrants to the Buyer that it owns, via a previously executed agreement, the rights to the Egg Health Hub concept, including all its intellectual and tangible assets.   

2.02 Organization. The Sellers are a Corporation duly organized, validly existing, and in good standing under the laws of The State of Nevada. The Sellers have all necessary corporate powers to own properties 

Page 1 of 4

 

and carry on a business and is duly qualified to do business and is in good standing in The State of Nevada. All actions taken by The Sellers, the Incorporators, Directors and/or Shareholders of said company have been valid and in accordance with the laws of The State of Nevada.

2.03 Liabilities. The Sellers do not have any debt, liability, or obligation of any nature, whether accrued, absolute, contingent, or otherwise, and whether due or to become due, that is not reflected in the company's balance sheet with respect to the Egg Health Hub. There is no dispute of any kind between the company and any third party with regard to Egg Health Hub, and no such dispute will exist at the closing of this Agreement.

2.04 Ability to Carry Out Obligations. The Sellers have the right, power, and authority to enter into, and perform their obligations under this Agreement. The execution and delivery of this Agreement by The Sellers and the performance by their obligations hereunder will not cause, constitute, or conflict with or result in (a) any breach or violation or any of the provisions of or constitute a default under any license, indenture, mortgage, charter, instrument, articles of incorporation, bylaw, or other agreement or instrument to which the company or the Shareholders are a party, or by which they may be bound, nor will any consents or authorizations of any party other than those hereto be required, (b) an event that would cause the company to be liable to any party, or (c) an event that would result in the creation or imposition of any lien, charge, or encumbrance on any asset of the company or upon the securities of the company to be delivered to "The Buyers".

2.05 Full Disclosure. None of the representations and warranties made by The Sellers, or in any certificate or memorandum furnished or to be furnished by The Sellers or on their behalf, contains or will contain any untrue statement of a material fact which would be misleading.

2.06 Compliance with Laws. Each party has complied with, and is not in violation of any federal, state, or local statute, law, and/or regulation pertaining to the company. The company has complied with all federal and state securities laws in connection with the offer, sale and distribution of its securities.

2.07 Litigation. The Sellers are not (and has not been) a party to any lawsuit, action, arbitration, or legal, administrative, or other proceeding, or pending governmental investigation. To the best knowledge of the Shareholders, there is no basis for any such action or proceeding and no such action or proceeding is threatened against the company is not subject to or in default with respect to any order, writ, injunction, or decree of any federal, state, local, or foreign court, department agency, or instrumentality.

ARTICLE III

Investment Intent

3.01 The Common Shares issued by MediXall Group, Inc to be delivered to The Sellers pursuant to this Agreement will bear a 144 Legend and may not be sold, pledged, assigned, hypothecate or otherwise transferred, with or without consideration prior to registration.

ARTICLE IV

Remedies

4.01 Any controversy or claim arising out of, or relating to, this Agreement, or the making, performance, or interpretation thereof, shall be settled by the co-operation of each party to reach an agreeable solution that fits all parties. 

Page 2 of 4

 

4.02 Indemnification. The Parties, jointly and severally agree to indemnify the other against all actual losses, damages and expenses caused by Any material breach of this Agreement or any material misrepresentation contained herein or; (ii) any misstatement of a material fact or omission to state a material fact required to be stated herein or necessary to make the statements herein not misleading.

ARTICLE V

Miscellaneous

5.01 Captions and Headings. The Article and paragraph headings throughout this Agreement are for convenience and reference only, and shall in no way be deemed to define, limit, or add to the meaning of any provision of this Agreement.

5.02 No Oral Change. This Agreement and any provision hereof, may not be waived, changed, modified, or discharged orally, but only by an agreement in writing signed by the party against whom enforcement of any waiver, change, modification, or discharge is sought.

5.03 Non Waiver. Except as otherwise expressly provided herein, no waiver of any covenant, condition, or provision of this Agreement shall be deemed to have been made unless expressly in writing and signed by the party against whom such waiver is charged; and (i) the failure of any party to insist in anyone or more cases upon the performance of any of the provisions, covenants, or conditions of this Agreement or to exercise any option herein contained shall not be construed as a waiver or relinquishment for the future of any such provisions, covenants, or conditions, (ii) the acceptance of performance of anything required by this Agreement to be performed with knowledge of the breach or failure of a covenant condition, or provision hereof shall not be deemed a waiver of such breach or failure, and (iii) no waiver by any party of one breach by another party shall be construed as a waiver with respect to any other or subsequent breach.

5.04 Time of Essence. Time is of the essence of this Agreement and of each and every provision hereof.

5.05 Entire Agreement. This Agreement contains the entire Agreement and understanding between the parties hereto, and supersedes all prior agreements and understandings.

5.06 Counterparts. This Agreement may be executed simultaneously in one or more counterparts each of which shall be deemed an original, but all of which together shall constitute one and the same instrument.

5.07 Notices. All notices, requests, demands, and other communications under this Agreement shall be in writing and shall be deemed to have been duly given on the date of service if sent by e-mail personally to the party to whom notice is to be given, or if mailed on the third day after mailing if mailed to the party to whom notice is to be given, by first class mail, registered or certified postage prepaid, and properly addressed as follows:

5.08 Binding Effect. This Agreement shall inure to and be binding upon the heirs, executors, personal representatives, successors and assigns of each of the parties to this Agreement.

5.09 Effect of Closing. All representations, warranties, covenants, and agreements of the parties contained in this Agreement, or in any instrument, certificate, opinion, or other writing provided for in it, shall be true and correct as of the closing and shall, survive the closing of this Agreement.

5.10 Mutual Cooperation. The parties hereto shall cooperate with each other to achieve the purpose of this Agreement and shall execute such other and further documents and take such other and further actions as may be necessary or convenient to effect the transaction described herein.

Page 3 of 4

 

This Definitive Acquisition Agreement as of this 27th day of July 2020 by and between:

The Sellers:

Turnkey Capital, Inc.

2929 E. Commercial Blvd., PH-D

Fort Lauderdale, FL 33308

The Buyers

MediXall Group, Inc.

2929 E. Commercial Blvd., PH-D

Fort Lauderdale, FL 33308

AGREED AND ACCEPTED as of the date first above written.

The Sellers

/s/ Neil Swartz

Neil Swartz, President and CEO

TurnKey Capital, Inc.

The Buyers

/s/ Timothy Hart

Timothy Hart, Secretary and CFO

MediXall Group, Inc.

Page 4 of 4

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00312-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00312-of-00352.parquet"}]]