Document:

EX-10.119

 Exhibit 10.119 

TIAA BANK 
 301 W. Bay
Street 
 Jacksonville, FL 32202 
 Caliber Home
Loans, Inc. 
 1525 South Belt Line Road 
 Coppell, Texas 75019

 Attention: Glenn Minkoff 
  

	 	Re:	 First Amendment to Repurchase Agreement (“First Amendment”). 

This First Amendment is made this 23rd day of December, 2020 (the “Amendment Effective Date”), to that certain Master
Repurchase Agreement, dated as of September 27, 2019 (as amended, restated, supplemented or otherwise modified from time to time, the “Repurchase Agreement”), in each case by and between Caliber Home Loans, Inc.
(“Seller”), and TIAA, FSB (“Buyer”). The Repurchase Agreement, the Pricing Letter and all amendments thereto are hereinafter collectively referred to as the “Agreement.” 

WHEREAS, Seller and Buyer desire to amend the Repurchase Agreement as set forth herein. 

NOW THEREFORE, in consideration of the amendments, agreements and other provisions herein contained and of certain other good and valuable
consideration, the receipt and sufficiency of which is hereby acknowledged by the parties hereto, it is hereby agreed between Seller and Buyer as follows: 

SECTION 1. Amendment of the Repurchase Agreement. The Repurchase Agreement is hereby amended as follows: 

(a) The words “a Default” in Section 5(b) of the Repurchase Agreement is replaced with the words “an Event of
Default” 
 (b) The words “the Agencies” are hereby inserted into Section 30(a) of the Repurchase Agreement immediately
prior to the words “legal counsel”. 
 Defined Terms. Any terms capitalized but not otherwise defined herein shall
have the respective meanings set forth in the Agreement. 
 SECTION 2. Fees. There are no fees due and owing in
connection with this First Amendment. 
 SECTION 3. Limited Effect. Except as amended hereby, the Repurchase Agreement
shall continue in full force and effect in accordance with its terms. Reference to this First Amendment need not be made in the Agreement or any other instrument or document executed in connection therewith, or in any certificate, letter or
communication issued or made pursuant to, or with respect to, the Agreement, any reference in any of such items to the Agreement being sufficient to refer to the Agreement as amended hereby. 

SECTION 4. Severability. Each provision and agreement herein shall be treated as separate and independent from any other
provision or agreement herein and shall be enforceable notwithstanding the unenforceability of any such other provision or agreement. 

 SECTION 5. GOVERNING LAW. THIS REPURCHASE AGREEMENT SHALL BE CONSTRUED IN
ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK, AND THE OBLIGATIONS, RIGHTS AND REMEDIES OF THE PARTIES HEREUND ER SHALL BE DETERMINED IN ACCORDANCE WITH SUCH LAWS. 

SECTION 6. Representations. In order to induce Buyer to execute and deliver this First Amendment, Seller hereby
represents to Buyer that as of the date hereof, except as otherwise expressly waived by Buyer in writing, Seller is in full compliance with all of the terms and conditions of the Agreement including without limitation, all of the representations and
warranties and all of the affirmative and negative covenants, and no Default or Event of Default has occurred and is continuing under the Agreement. 

SECTION 7. Counterparts. This First Amendment may be executed in one or more counterparts and by different parties hereto
on separate counterparts, each of which, when so executed, shall constitute one and the same agreement. 

  
 2 

 IN WITNESS WHEREOF, Seller and Buyer have caused their names to be signed hereto by their
respective officers thereunto duly authorized, as of the date first above written. 
  

					
	TIAA, FSB, formerly known as EVERBANK, as Buyer
		
	By:	 	 /s/ Paul Chmielinski

		 	Name:	 	Paul Chmielinski
		 	Title:	 	Senior Vice President
	
	CALIBER HOME LOANS, INC., as Seller
		
	By:	 	 /s/ William Dellal

		 	Name:	 	William Dellal
		 	Title:	 	President

  
 3EX-10.120

 Exhibit 10.120 

CERTAIN IDENTIFIED INFORMATION HAS BEEN EXCLUDED FROM THE EXHIBIT BECAUSE IT IS BOTH NOT MATERIAL AND WOULD LIKELY CAUSE COMPETITIVE HARM TO
THE 
 REGISTRANT IF PUBLIC DISCLOSED. [***] INDICATES THAT INFORMATION HAS BEEN REDACTED. 

TIAA BANK 
 301 W. Bay
Street 
 Jacksonville, FL 32202 
 Caliber Home
Loans, Inc. 
 1525 South Belt Line Road 
 Coppell, Texas 75019

 Attention: William Dellal 
  

	Re:	 Third Amendment to the Loan and Security Agreement (“Third Amendment”). 

This Third Amendment is made this 23rd day of December (the “Amendment Effective Date”), to that certain Loan and Security
Agreement, dated as of September 27, 2019 (as amended, restated, supplemented or otherwise modified from time to time) (the “Agreement”, by and between Caliber Home Loans, Inc. (“Borrower”), and TIAA, FSB
(“Bank”). 
 WHEREAS, Borrower and Bank desire to amend the Agreement as set forth herein. 

NOW THEREFORE, in consideration of the amendments, agreements and other provisions herein contained and of certain other good and valuable
consideration, the receipt and sufficiency of which is hereby acknowledged by the parties hereto, it is hereby agreed between Borrower and Bank as follows: 

SECTION 1. Amendment of the Agreement. The Agreement is hereby amended as follows: 

(a) Section 1(rrr) of the Agreement is hereby amended and restated as follows: 

“(rrr) “Maturity Date” means the earlier of (a) December 22, 2021, or (b) such earlier date on which this
Agreement shall terminate or be terminated by Bank or Borrower in accordance with the provisions hereof or by operation of law or the date on which the Loan shall be accelerated and declared due and payable in accordance with the provisions
hereof.” 
 (b) Section 1(hhhhh) of the Agreement is hereby amended and restated as follows: 

“(hhhhh) “Termination Date” means the earlier of (a) December 22, 2021, or (b) the Maturity Date.” 

(c) Section 7(n) of the Agreement is hereby amended and restated as follows: 

“(n) Maintenance of Liquidity. Borrower shall ensure that it has cash and Cash Equivalents (excluding Restricted Cash or cash
pledged to Persons other than Bank), in an amount not less than $[***].” 

  
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 SECTION 2. Defined Terms. Any terms capitalized but not otherwise
defined herein shall have the respective meanings set forth in the Agreement. 
 SECTION 3. Fees. There are no
fees due and owing in connection with this Third Amendment. 
 SECTION 4. Limited Effect. Except as amended hereby, the
Agreement shall continue in full force and effect in accordance with its terms. Reference to this Third Amendment need not be made in the Agreement or any other instrument or document executed in connection therewith, or in any certificate, letter
or communication issued or made pursuant to, or with respect to, the Agreement, any reference in any of such items to the Agreement being sufficient to refer to the Agreement as amended hereby. 

SECTION 5. Severability. Each provision and agreement herein shall be treated as separate and independent from any other
provision or agreement herein and shall be enforceable notwithstanding the unenforceability of any such other provision or agreement. 

SECTION 6. GOVERNING LAW. THE AGREEMENT SHALL BE CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK, AND THE OBLIGATIONS,
RIGHTS AND REMEDIES OF THE PARTIES HEREUNDER SHALL BE DETERMINED IN ACCORDANCE WITH SUCH LAWS. 
 SECTION 7.
Representations. In order to induce Bank to execute and deliver this Third Amendment, Borrower hereby represents to Bank that as of the date hereof, except as otherwise expressly waived by Bank in writing, Borrower is in full
compliance with all of the terms and conditions of the Agreement including without limitation, all of the representations and warranties and all of the affirmative and negative covenants, and no Default or Event of Default has occurred and is c
ontinuing under the Agreement. 
 SECTION 8. Counterparts. This Third Amendment may be executed in one or more
counterparts and by different parties hereto on separate counterparts, each of which, when so executed, shall constitute one and the same agreement. 

  
 2 

 IN WITNESS WHEREOF, Borrower and Bank have caused their names to be signed hereto by their
respective officers thereunto duly authorized, as of the date first above written. 
  

																					
	TIAA, FSB, formerly known as EVERBANK, as Bank
		
	By:	 	 /s/ Paul Chmielinski

	Name:	 	Paul Chmielinski
	Title:	 	Senior Vice President
	
	CALIBER HOME LOANS, INC., as Borrower
		
	By:	 	 /s/ William Dellal

	Name:	 	William Dellal
	Title:	 	President

  
 3EX-10.121

 Exhibit 10.121 

CERTAIN IDENTIFIED INFORMATION HAS BEEN EXCLUDED FROM THE EXHIBIT BECAUSE IT IS BOTH NOT MATERIAL AND WOULD LIKELY CAUSE COMPETITIVE HARM TO
THE REGISTRANT IF PUBLIC DISCLOSED. [***] INDICATES THAT INFORMATION HAS BEEN REDACTED. 
 EXECUTION 

AMENDMENT NO. 12 TO 

AMENDED AND RESTATED MASTER REPURCHASE AGREEMENT 

Amendment No. 12 to Amended and Restated Master Repurchase Agreement, dated as of October 16, 2020 (this
“Amendment”), between UBS AG, by and through its branch office at 1285 Avenue of the Americas, New York, New York (the “Buyer”) and CALIBER HOME LOANS, INC. (the “Seller”). 

RECITALS 
 The Buyer and
the Seller are parties to that certain (a) Amended and Restated Master Repurchase Agreement, dated as of November 25, 2016 (as amended by Amendment No. 1, dated as of June 16, 2017, Amendment No. 2, dated as of December 13, 2017,
Amendment No. 3, dated as of January 12, 2018, Amendment No. 4, dated as of February 2, 2018, Amendment No. 5, dated as of February 28, 2018, Amendment No. 6, dated as of June 22, 2018, Amendment No. 7, dated as of September 18,
2018, Amendment No. 8, dated as of February 27, 2019, Amendment No. 9, dated as of February 26, 2020, Amendment No. 10, dated as of July 23, 2020 and Amendment No. 11, dated as of September 14, 2020, the
“Existing Repurchase Agreement”; and as further amended by this Amendment, the “Repurchase Agreement”) and (b) Pricing Letter, dated as of November 25, 2016 (as amended, restated, supplemented or otherwise
modified from time to time, the “Pricing Letter”). Capitalized terms used but not otherwise defined herein shall have the meanings given to them in the Existing Repurchase Agreement or the Pricing Letter, as applicable. 

The Buyer and the Seller have agreed, subject to the terms and conditions of this Amendment, that the Existing Repurchase Agreement be amended
to reflect certain agreed upon revisions to the terms of the Existing Repurchase Agreement. 
 Accordingly, the Buyer and the Seller hereby
agree, in consideration of the mutual promises and mutual obligations set forth herein, that the Existing Repurchase Agreement is hereby amended as follows: 

  
 1 

 SECTION 1. Limitation on Dividends and Distributions. Section 11(o) of the
Existing Repurchase Agreement is hereby amended by deleting such section in its entirety and replacing it with the following: 

(o) Limitation on Dividends and Distributions. Except as permitted by Buyer in writing, Seller shall not make any
payment on account of, or set apart assets for, a sinking or other analogous fund for the purchase, redemption, defeasance, retirement or other acquisition of any equity interest of Seller, whether now or hereafter outstanding, or make any other
distribution or dividend in respect of any of the foregoing or to any shareholder or equity owner of Seller, either directly or indirectly, whether in cash or property or in obligations of Seller or any of Seller’s consolidated Subsidiaries in
excess of (i) for the calendar year ending December 31, 2020, $[***] and (ii) thereafter, [***]% of the Net Income of Seller for the preceding calendar year (determined in accordance with GAAP); provided that no such payments,
dividends or other distributions may be made at any time following the occurrence and during the continuation of an Event of Default. 

SECTION 2. Conditions Precedent. This Amendment shall become effective as of the date hereof (the “Amendment Effective
Date”), subject to the satisfaction of the following conditions precedent: 
 2.1 Delivered Documents. On the Amendment
Effective Date, the Buyer shall have received the following documents, each of which shall be satisfactory to the Buyer in form and substance: 

(i) this Amendment, executed and delivered by duly authorized officers, as applicable, of the Buyer and Seller; and 

(ii) Amendment No. 11 to Pricing Letter, executed and delivered by the parties thereto. 

SECTION 3. Ratification of Agreement. As amended by this Amendment, the Existing Repurchase Agreement is in all respects ratified and
confirmed and the Existing Repurchase Agreement as so modified by this Amendment shall be read, taken, and construed as one and the same instrument. 

SECTION 4. Representations and Warranties. Seller hereby represents and warrants to the Buyer that it is in compliance with all the
terms and provisions set forth in the Repurchase Agreement on its part to be observed or performed, and that no Event of Default has occurred or is continuing, and hereby confirms and reaffirms the representations and warranties contained in
Section 10 of the Repurchase Agreement. Seller hereby represents and warrants that this Amendment has been duly and validly executed and delivered by it, and constitutes its legal, valid and binding obligation, enforceable against it in
accordance with its terms. 

  
 2 

 SECTION 5. Limited Effect. Except as expressly amended and modified by this
Amendment, the Existing Repurchase Agreement shall continue to be, and shall remain, in full force and effect in accordance with its terms. 

SECTION 6. Severability. Each provision and agreement herein shall be treated as separate and independent from any other provision or
agreement herein and shall be enforceable notwithstanding the unenforceability of any such other provision or agreement. 
 SECTION 7.
Counterparts. This Amendment may be executed in any number of counterparts, all of which taken together shall constitute one and the same instrument, and any of the parties hereto may execute this Amendment by signing any such counterpart.
The parties agree that this Amendment, any documents to be delivered pursuant to this Amendment and any notices hereunder may be transmitted between them by email and/or by facsimile. Delivery of an executed counterpart of a signature page of this
Amendment in Portable Document Format (PDF) or by facsimile shall be effective as delivery of a manually executed original counterpart of this Amendment. The original documents shall be promptly delivered, if requested. 

SECTION 8. Binding Effect. This Amendment shall be binding upon and inure to the benefit of the parties hereto and their respective
successors and assigns. 
 SECTION 9. GOVERNING LAW. THIS AMENDMENT AND ANY CLAIM, CONTROVERSY OR DISPUTE ARISING UNDER OR RELATED
TO THIS AMENDMENT, THE RELATIONSHIP OF THE PARTIES TO THIS AMENDMENT, AND/OR THE INTERPRETATION AND ENFORCEMENT OF THE RIGHTS AND DUTIES OF THE PARTIES TO THIS AMENDMENT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE INTERNAL LAWS AND
DECISIONS OF THE STATE OF NEW YORK, WITHOUT REGARD TO THE CHOICE OF LAW RULES THEREOF. THE PARTIES HERETO INTEND THAT THE PROVISIONS OF SECTION 5-1401 OF THE NEW YORK GENERAL OBLIGATIONS LAW SHALL APPLY TO
THIS AMENDMENT. NOTWITHSTANDING ANYTHING TO THE CONTRARY, THE EFFECTIVENESS, VALIDITY AND ENFORCEABILITY OF ELECTRONIC CONTRACTS, OTHER RECORDS, ELECTRONIC RECORDS AND ELECTRONIC SIGNATURES USED IN CONNECTION WITH ANY ELECTRONIC TRANSACTION BETWEEN
BUYER AND SELLER SHALL BE GOVERNED BY E-SIGN. 
 [SIGNATURE PAGES FOLLOW] 

  
 3 

 IN WITNESS WHEREOF, the parties have caused their names to be signed hereto by their
respective officers thereunto duly authorized as of the day and year first above written. 
  

			
	UBS AG, BY AND THROUGH ITS BRANCH OFFICE AT 1285 AVENUE OF THE AMERICAS, NEW YORK, NEW YORK, as Buyer
		
	By:	 	 /s/ Gary Timmerman

	Name: Gary Timmerman
	Title: Managing Director
		
	By:	 	 /s/ Chi Ma

	Name: Chi Ma
	Title: Director

  
 Signature Page to
Amendment No. 12 to Amended and Restated Master Repurchase Agreement 

 
			
	CALIBER HOME LOANS, INC., as Seller
		
	By:	 	 /s/ William Dellal

	Name: William Dellal
	Title: President

  
 Signature Page to
Amendment No. 12 to Amended and Restated Master Repurchase Agreement

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