Document:

Exhibit 10.1

 

SEVENTH AMENDMENT

TO

SECOND AMENDED AND RESTATED AGREEMENT
OF LIMITED PARTNERSHIP

OF AMERICAN FINANCE OPERATING PARTNERSHIP,
L.P.

 

THIS SEVENTH
AMENDMENT TO SECOND AMENDED AND RESTATED AGREEMENT OF LIMITED PARTNERSHIP OF AMERICAN FINANCE OPERATING PARTNERSHIP, L.P. (this
 “Amendment”), dated as of January 13, 2021, is entered into by AMERICAN FINANCE TRUST, INC., a Maryland
corporation, as general partner (the “General Partner”) of AMERICAN FINANCE OPERATING PARTNERSHIP, L.P., a Delaware
limited partnership (the “Partnership”), for itself and on behalf of any limited partners of the Partnership.
Capitalized terms used but not otherwise defined in this Amendment shall have the meanings given to such terms in the Second Amended
and Restated Agreement of Limited Partnership of the Partnership entered into on July 19, 2018 (as now or hereafter amended,
restated, modified, supplemented or replaced, the “Partnership Agreement”).

 

WHEREAS,
on March 22, 2019, the General Partner, for itself and on behalf of any limited partners of the Partnership, entered into
the Second Amendment to the Partnership Agreement (the “Second Amendment”) to set forth the designations, allocations,
preferences, conversion and other special rights, powers and duties of a new series of Partnership Units of the Partnership designated
as the “7.50% Series A Cumulative Redeemable Perpetual Preferred Units” (the “Series A Preferred Units”);

 

WHEREAS,
the Series A Preferred Units were created and were initially issued in conjunction with the General Partner’s initial
issuance and sale of shares of its 7.50% Series A Cumulative Redeemable Perpetual Preferred Stock, $0.01 par value per share
(the “Series A Preferred Stock”), and, as such, the Series A Preferred Units are intended to have
designations, preferences and other rights and terms that are substantially the same as those of the Series A Preferred Stock,
all such that the economic interests of the Series A Preferred Units and the Series A Preferred Stock are substantially
similar;

 

WHEREAS,
through the date hereof, the General Partner has issued and sold 7,873,711 shares of Series A Preferred Stock, and, in connection
therewith, the General Partner, pursuant to Section 4.02(b) of the Partnership Agreement, has contributed the net proceeds
from the sales to the Partnership in exchange for, and has caused the Partnership to issue to the General Partner, 7,873,711 Series A
Preferred Units;

 

WHEREAS,
on December 16, 2020, the General Partner, for itself and on behalf of any limited partners of the Partnership, entered into
the Sixth Amendment to the Partnership Agreement (the “Sixth Amendment”) to set forth the designations, allocations,
preferences, conversion and other special rights, powers and duties of a new series of Partnership Units designated as the “7.375%
Series C Cumulative Redeemable Perpetual Preferred Units” (the “Series C Preferred Units”);

 

    

     

    

 

WHEREAS,
the Series C Preferred Units were created and were initially issued in conjunction with the General Partner’s initial
issuance and sale of shares of its 7.375% Series C Cumulative Redeemable Perpetual Preferred Stock, $0.01 par value per share
(the “Series C Preferred Stock”), and, as such, the Series C Preferred Units are intended to have
designations, preferences and other rights and terms that are substantially the same as those of the Series C Preferred Stock,
all such that the economic interests of the Series C Preferred Units and the Series C Preferred Stock are substantially
similar;

 

WHEREAS,
through the date hereof, the General Partner has issued and sold 3,535,700 shares of Series C Preferred Stock, and, in connection
therewith, the General Partner, pursuant to Section 4.02(b) of the Partnership Agreement, has contributed the net proceeds
from the sales to the Partnership in exchange for, and has caused the Partnership to issue to the General Partner, 3,535,700 Series C
Preferred Units;

 

WHEREAS,
the General Partner has authorized the issuance and sale from time to time of up to $200,000,000 in aggregate offering price of
additional shares of Series A Preferred Stock in an at-the-market offering, and, in connection therewith, the General Partner,
pursuant to Section 4.02(b) of the Partnership Agreement, will, upon the issuance and sale of any shares of Series A
Preferred Stock in such offering, contribute the net proceeds from the sales to the Partnership in exchange for, and will cause
the Partnership to issue to the General Partner, a number of Series A Preferred Units equal to the number of shares of Series A
Preferred Stock actually issued in such offering from time to time;

 

WHEREAS,
the General Partner has authorized the issuance and sale from time to time of up to $200,000,000 in aggregate offering price of
additional shares of Series C Preferred Stock in an at-the-market offering, and, in connection therewith, the General Partner,
pursuant to Section 4.02(b) of the Partnership Agreement, will, upon the issuance and sale of any shares of Series C
Preferred Stock in such offering, contribute the net proceeds from the sales to the Partnership in exchange for, and will cause
the Partnership to issue to the General Partner, a number of Series C Preferred Units equal to the number of shares of Series C
Preferred Stock actually issued in such offering from time to time;

 

WHEREAS,
in order to conduct these at-the-market offerings, the General Partner has filed Articles Supplementary with the State Department
of Assessments and Taxation of Maryland (i) classifying and designating 7,856,000 authorized but unissued shares of preferred
stock, $0.01 par value per share, as additional shares of Series A Preferred Stock, and (ii) classifying and designating
4,000,000 authorized but unissued shares of preferred stock, $0.01 par value per share, as additional shares of Series C Preferred
Stock;

 

    

     

    

 

WHEREAS,
pursuant to the authority granted to the General Partner pursuant to Section 4.02(a) and Article 11 of the Partnership
Agreement, and as authorized by resolutions adopted by the Board of Directors of the General Partner on January 8, 2021, the
General Partner desires to amend the Partnership Agreement to increase the number of Series A Preferred Units and Series C
Preferred Units authorized for issuance and to issue additional Series A Preferred Units and Series C Preferred Units
to the General Partner.

 

NOW, THEREFORE,
in consideration of good and valuable consideration, the receipt and sufficiency of which hereby are acknowledged, the General
Partner hereby amends the Partnership Agreement as follows:

 

Annex
A to the Partnership Agreement is hereby amended by deleting Section 1 thereof and replacing such Section with
the following new Section 1:

 

“1.      Designation
and Number. A series of Preferred Units (as defined below) of American Finance Operating Partnership, L.P., a Delaware limited
partnership (the “Partnership”), designated the “7.50% Series A Cumulative Redeemable Perpetual Preferred
Units” (the “Series A Preferred Units”), is hereby established. The number of authorized Series A Preferred
Units shall be 12,796,000.”

 

Annex
B to the Partnership Agreement is hereby amended by deleting Section 1 thereof and replacing such Section with
the following new Section 1:

 

“1.      Designation
and Number. A series of Preferred Units (as defined below) of American Finance Operating Partnership, L.P., a Delaware limited
partnership (the “Partnership”), designated the “7.375% Series C Cumulative Redeemable Perpetual
Preferred Units” (the “Series C Preferred Units”), is hereby established. The number of authorized Series C
Preferred Units shall be 11,536,000.”

 

Except as
modified herein, all terms and conditions of the Partnership Agreement shall remain in full force and effect, which terms and conditions
the General Partner hereby ratifies and confirms.

 

[SIGNATURE PAGE FOLLOWS]

 

    

     

    

 

IN WITNESS WHEREOF, the undersigned
has executed this Amendment as of the date first set forth above.

 

	 	GENERAL PARTNER:
	 	 	 
	 	AMERICAN FINANCE TRUST, INC.
	 	 	 
	 	
         

         
	 
	 	By: 	/s/ Edward M. Weil, Jr.	 
	 	 	Name: Edward M. Weil, Jr.  

Title:   Chief Executive Officer and President

 

[Signature Page to Seventh Amendment to Second Amended
and Restated Agreement of Limited Partnership]Exhibit 4.1

 

	NUMBER C-	 	
         

        _________ SHARES

        SEE REVERSE FOR CERTAIN DEFINITIONS

         

        CUSIP G1355V 103

 

BRIDGETOWN 2 HOLDINGS LIMITED

INCORPORATED UNDER THE LAWS OF THE CAYMAN ISLANDS

CLASS A ORDINARY SHARES

 

This Certifies that is the owner of

 

FULLY PAID AND NON-ASSESSABLE CLASS A ORDINARY SHARES OF
THE PAR VALUE OF US$0.0001 EACH OF

 

BRIDGETOWN 2 HOLDINGS LIMITED

(THE “COMPANY”)

 

subject to the Company’s amended and restated memorandum
and articles of association, as the same may be amended from time to time, and transferable on the books of the Company in person
or by duly authorized attorney upon surrender of this certificate properly endorsed.

 

The Company will be forced to redeem all of its Class A
ordinary shares if it is unable to complete a business combination by            ,
2023 all as more fully described in the Company’s final prospectus dated          ,
2021.

 

This certificate is not valid unless countersigned by the Transfer
Agent and registered by the Registrar.

 

Witness the facsimile signatures of its duly authorized officers.

 

	Chief Executive Officer	Cayman Islands	Secretary
	 	 	 

  

	CONTINENTAL STOCK TRANSFER

& TRUST COMPANY	 	 
	 	 	 
	Name:	 	 
	Title:	 	 

 

BRIDGETOWN 2 HOLDINGS LIMITED

 

The Company will furnish without charge to each shareholder
who so requests the powers, designations, preferences and relative, participating, optional or other special rights of each class
of shares or series thereof of the Company and the qualifications, limitations, or restrictions of such preferences and/or rights. 
This certificate and the shares represented thereby are issued and shall be held subject to all the provisions of the amended and
restated memorandum and articles of association as the same may be amended from time to time, and resolutions of the Board of Directors
providing for the issue of securities (copies of which may be obtained from the secretary of the Company), to all of which the
holder of this certificate by acceptance hereof assents.  The following abbreviations, when used in the inscription on the
face of this certificate, shall be construed as though they were written out in full according to applicable laws or regulations:

 

	TEN COM	 	—	 	as tenants in common	 	UNIF GIFT MIN ACT	 	—	 	 	 	Custodian	 	 
	 	 	 	 	 	 	 	 	 	 	(Cust)	 	 	 	(Minor)
	TEN ENT	 	—	 	as tenants by the entireties	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	Under Uniform Gifts to Minors 
	 	 	 	 	 	 	 	 	 	 	 
	JT TEN	 	—	 	as joint tenants with right of survivorship and not as tenants in common	 	 	 	 	 	
        Act                         
                                           

        (State)

 

    

     

    

 

Additional abbreviations may also be used though not in the
above list.

 

For value received,_______________ hereby sells, assigns
and transfers unto ______________________________

 

	 	 
	(PLEASE INSERT SOCIAL SECURITY OR OTHER IDENTIFYING NUMBER(S) OF ASSIGNEE(S))	 
	 	 
	(PLEASE PRINT OR TYPEWRITE NAME(S) AND ADDRESS(ES), INCLUDING ZIP CODE, OF ASSIGNEE(S))	 
	 	 
	Shares represented by the within Certificate, and hereby irrevocably constitutes and appoints___________________	 
	 	 
	Attorney to transfer the said shares on the books of the within named Company with full power of substitution in the premises.	 
	 	 	 
	Dated:	 	 
	 	 	 	 

 

	
        NOTICE: THE SIGNATURE(S) TO THIS ASSIGNMENT MUST CORRESPOND
        WITH THE NAME AS WRITTEN UPON THE FACE OF THE CERTIFICATE IN EVERY PARTICULAR, WITHOUT ALTERATION OR ENLARGEMENT OR ANY CHANGE
        WHATEVER.

         

	Signature(s) Guaranteed:

By

 

THE SIGNATURE(S) MUST BE GUARANTEED BY AN ELIGIBLE GUARANTOR
INSTITUTION (BANKS, STOCKBROKERS, SAVINGS AND LOAN ASSOCIATIONS AND CREDIT UNIONS WITH MEMBERSHIP IN AN APPROVED SIGNATURE GUARANTEE
MEDALLION PROGRAM, PURSUANT TO S.E.C. RULE 17Ad-15 UNDER THE SECURITIES ACT OF 1933, AS AMENDED).

 

In each case, as more fully described in the Company’s
final prospectus dated           , 2021, the holder(s) of this certificate
shall be entitled to receive a pro-rata portion of certain funds held in the trust account established in connection with its initial
public offering only in the event that (i) the Company redeems the Class A ordinary shares sold in its initial public
offering because it does not consummate an initial business combination by            ,
2023, (ii) the Corporation redeems the Class A ordinary shares sold in its initial public offering in connection with
a shareholder vote to amend the Company’s amended and restated memorandum and articles of association (as the same may be
amended from time to time) to modify the substance and timing of the Company’s obligation to redeem 100% of the Class A
ordinary shares if it does not consummate and initial business combination by            ,
2023, or (iii) if the holder(s) seek(s) to redeem for cash his, her or its respective Class A ordinary shares
in connection with a tender offer (or proxy solicitation, solely in the event the Company seeks shareholder approval of the proposed
initial business combination) setting forth the details of a proposed initial business combination. In no other circumstances shall
the holder(s) have any right or interest of any kind in or to the trust account.

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