Document:

FS Investment Corporation II 8-K 

EXHIBIT 10.1

AMENDMENT NO. 6 TO
LOAN FINANCING AND SERVICING AGREEMENT, dated as of August 19, 2016 (this “Amendment”), among Darby Creek LLC,
a Delaware limited liability company (the “Borrower”), Deutsche Bank AG, New York Branch, as administrative
agent (the “Administrative Agent”), each Lender party hereto (each, a “Lender” and collectively,
the “Lenders”) and Wells Fargo Bank, National Association, as collateral agent and collateral custodian (the
“Collateral Agent”).

WHEREAS, the Borrower,
the Collateral Agent, the Lenders and the Administrative Agent are party to the Loan Financing and Servicing Agreement, dated as
of February 20, 2014 (as amended, supplemented, amended and restated and otherwise modified from time to time, the “Loan
Agreement”); and

WHEREAS, the Borrower,
the Administrative Agent, the Lenders and the Collateral Agent have agreed to amend the Loan Agreement in accordance with the terms
and conditions set forth herein.

NOW THEREFORE, in consideration
of the foregoing premises and the mutual agreements contained herein, and for other good and valuable consideration, the receipt
and sufficiency of which are hereby acknowledged, the parties hereto, intending to be legally bound, hereby agree as follows:

ARTICLE I

Definitions

SECTION 1.1.

Defined Terms.
Terms used but not defined herein have the respective meanings given to such terms in the Loan Agreement.

ARTICLE II

Amendments

SECTION 2.1.

Amendments to
the Loan Agreement. As of the date of this Amendment, the Loan Agreement is hereby amended as follows:

(a)

by deleting
the definition of “Revolving Period” in its entirety and inserting the following in lieu thereof:

““Revolving
Period” means the period of time starting on the Effective Date and ending on the earliest to occur of (i) the date that
is thirty months after the Sixth Amendment Effective Date or, if such date is extended pursuant to Section 2.6, the date
mutually agreed upon by the Borrower and each Agent, (ii) the date on which the Facility Amount is terminated in full pursuant
to Section 2.5 or (iii) the occurrence of a Facility Termination Event.”

 

    	  

    	 

    

 

(b)

by deleting
each reference to “thirty-one (31)” in Section 2.2 and inserting “sixty-one (61)” in lieu thereof;

(c)

by inserting
the following definition in the appropriate alphabetical order:

““Sixth
Amendment Effective Date” means August 19, 2016.”

(d)

by deleting
clause (c) in the definition of “Excess Concentration Amount” in its entirety and inserting the following in lieu thereof:

“(c)

the excess,
if any, of the sum of the Principal Balances of all Collateral Obligations in any single Moody’s Industry Classification
(other than a Moody’s Industry Classification described in the following proviso) over 10% of the Excess Concentration Measure;
provided, that (x) the sum of the Principal Balances of all Collateral Obligations that are obligations of Obligors in any
one Moody’s Industry Classification (other than the “Corp-Energy: Oil & Gas” Moody’s Industry Classification)
may be up to 15% of the Excess Concentration Measure and (y) the sum of the Principal Balances of all Collateral Obligations that
are obligations of Obligors in any one Moody’s Industry Classification (other than the “Corp-Energy: Oil &
Gas” Moody’s Industry Classification) other than the Moody’s Industry Classification specified in clause (x)
may be up to 12.5% of the Excess Concentration Measure;”

(e)

by deleting
“2929 Arch Street, Suite 675, Philadelphia, PA 19104” on Annex A and inserting “201 Rouse Boulevard, Philadelphia,
PA 19112” in lieu thereof.

ARTICLE III

Conditions to Effectiveness

SECTION 3.1.

This Amendment shall
become effective as of the date first written above upon:

(a)

the execution
and delivery of this Amendment by each party hereto;

(b)

the Administrative
Agent shall have received certified copies of the resolutions of the board of managers (or similar items) of the Borrower approving
this Amendment and the transactions contemplated hereby, certified by its secretary or assistant secretary or other authorized
officer;

(c)

the Administrative
Agent shall have received the executed legal opinion of Dechert LLP, counsel to the Borrower, in form and substance acceptable
to the Lender in its reasonable discretion; and

(d)

the Borrower
shall have paid to each Lender, for its own account, a nonrefundable fee in an amount equal to the product of (a) such Lender’s
Commitment and (b) 0.25%.

 

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ARTICLE IV

Representations and Warranties

SECTION 4.1.

The Borrower hereby
represents and warrants to the Administrative Agent that, as of the date first written above, (i) no Facility Termination Event
or Unmatured Facility Termination Event has occurred and is continuing and (ii) the representations and warranties of the Borrower
contained in the Loan Agreement are true and correct in all material respects on and as of such day (other than any representation
and warranty that is made as of a specific date).

ARTICLE V

Consent

SECTION 5.1.

Each party hereby
provides its consent to the withdrawal by the Borrower on the date of this Amendment from the Interest Collection Account an amount
sufficient to pay all applicable fees and expenses in connection with this Amendment. The Borrower certifies that, after giving
effect to such payment, sufficient proceeds remain in the Collection Account for all payments to be made pursuant to Section 8.3(a)
of the Loan Agreement (other than clause (N) thereof) on the next Distribution Date.

ARTICLE VI

Miscellaneous

SECTION 6.1.

Governing Law.
THIS AMENDMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES UNDER THIS AMENDMENT SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED
IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK.

SECTION 6.2.

Severability
Clause. In case any provision in this Amendment shall be invalid, illegal or unenforceable, the validity, legality, and enforceability
of the remaining provisions shall not in any way be affected or impaired thereby.

SECTION 6.3.

Ratification.
Except as expressly amended and waived hereby, the Loan Agreement is in all respects ratified and confirmed and all the terms,
conditions and provisions thereof shall remain in full force and effect.

SECTION 6.4.

Counterparts.
The parties hereto may sign one or more copies of this Amendment in counterparts, all of which together shall constitute one and
the same agreement. Delivery of an executed signature page of this Amendment by facsimile or email transmission shall be effective
as delivery of a manually executed counterpart hereof.

 

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SECTION 6.5.

Headings.
The headings of the Articles and Sections in this Amendment are for convenience of reference only and shall not be deemed to alter
or affect the meaning or interpretation of any provisions hereof.

[Signature pages follow]

 

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IN WITNESS WHEREOF,
the parties hereto have caused this Amendment to be duly executed as of the date first written above.

	 	DARBY CREEK LLC, as Borrower
	 	 
	 	 
	 	By:	/s/ Gerald F. Stahlecker
	 	 	Name: Gerald F. Stahlecker
	 	 	Title: Executive Vice President

 

 

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	 	DEUTSCHE BANK AG, NEW YORK
	 	BRANCH, as Administrative Agent
	 	 
	 	 
	 	By:	/s/ Amit Patel
	 	 	Name: Amit Patel
	 	 	Title: Director
	 	 	 
	 	 	 
	 	By:	/s/ Kevin Tanzer
	 	 	Name: Kevin Tanzer
	 	 	Title: Managing Director

 

 

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	 	WELLS FARGO BANK, NATIONAL
	 	ASSOCIATION, as Collateral Agent and as
	 	Collateral Custodian
	 	 	 
	 	 	 
	 	By:	/s/ Abby Schexnider
	 	 	Name: Abby Schexnider
	 	 	Title: Vice President

 

 

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	 	DEUTSCHE BANK AG, NEW YORK

BRANCH, as a Lender
	 	 	 
	 	 	 
	 	By:	/s/ Amit Patel
	 	 	Name: Amit Patel

Title: Director
	 	 	 
	 	 	 
	 	By:	/s/ Kevin Tanzer
	 	 	Name: Kevin Tanzer

Title: Managing Director

 

 

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	 	EVERBANK COMMERCIAL FINANCE, INC.,

as a Lender
	 	 
	 	 
	 	By:	/s/ David D’Antonio
	 	 	Name: David D’Antonio

Title: Managing Director

 

 

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	 	KEYBANK NATIONAL ASSOCIATION,

as a Lender
	 	 
	 	 
	 	By:	/s/ Richard Andersen
	 	 	Name: Richard Andersen

Title: Designated Signer

 

 

    	[Darby Creek - Sixth Amendment to LFSA]Exhibit

EXHIBIT 10.1

THIS NOTE HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “ACT”), OR APPLICABLE STATE SECURITIES LAWS. THIS NOTE HAS BEEN ACQUIRED FOR INVESTMENT AND NOT WITH A VIEW TO ITS DISTRIBUTION OR RESALE, AND MAY NOT BE SOLD, PLEDGED, OR OTHERWISE TRANSFERRED WITHOUT AN EFFECTIVE REGISTRATION STATEMENT UNDER THE ACT AND APPLICABLE STATE SECURITIES LAWS, OR AN OPINION OF COUNSEL SATISFACTORY TO THE DEBTOR TO THE EFFECT THAT SUCH REGISTRATION IS NOT REQUIRED.

UNSECURED PROMISSORY NOTE

$120,000.00                                          May 31, 2016

FOR VALUE RECEIVED, the undersigned, American Power Group, Inc, an Iowa corporation (the “Debtor”) located at  2503 E. Poplar Street, Algona, IA 50511, hereby promises to pay to the Matthew Donald Van Steenwyk GST Trust, 2747 Paradise Road, Suite 3604, Las Vegas, NV 89109 (the “Holder”), the principal sum of One Hundred and Twenty Thousand Dollars ($120,000.00) or such lesser principal amount then outstanding, together with all accrued and unpaid interest thereon on July 31, 2016.  Interest on the principal amount of this Note will accrue from and including the date hereof until and including the date such principal amount is paid, at a rate equal to ten percent (10%) per annum.  Interest shall be computed on the basis of a 360-day year and a 30-day month.
The outstanding balance of this Note shall be rendered immediately due and payable, without the necessity of a Demand Notice, in case of any of the following acts (individually, an “Event of Default”): (a) entry of any judgment or order against the Debtor for the payment of money, if the same is not satisfied or enforcement proceedings are not stayed within sixty (60) days or if, within sixty (60) days after the expiration of any such stay, the judgment or order is not dismissed, discharged or satisfied; (b) appointment of a receiver, trustee, custodian or similar official, for the Debtor or any property or assets of the Debtor; (c) conveyance of any or all assets to a trustee, mortgagee or liquidating agent or assignment for the benefit of creditors by the Debtor; or (d) commencement of any proceeding under any law or any jurisdiction, now or hereafter in force, relating to bankruptcy, insolvency, renegotiation of outstanding indebtedness, arrangement or otherwise to the relief of debtors or the readjustment of indebtedness, by or against the Debtor. Notwithstanding anything contained herein to the contrary, upon the occurrence of an Event of Default, the entire outstanding amount of principal and interest of this Note shall become immediately due and payable, without presentment, demand, protest or other notice of any kind, all of which are hereby expressly waived.
The Debtor may prepay this Note, in whole or in part, at any time prior to demand or acceleration, and without discount, premium or penalty. Any permitted payment of principal by the Debtor will be accompanied by payment of all accrued and unpaid interest on the principal sum being repaid.
The Debtor agrees to pay all costs, charges and expenses incurred by the Holder and its assigns (including, without limitation, costs of collection, court costs, and reasonable attorneys' fees and disbursements) in connection with the successful enforcement of the Holder's rights under this Note (all such costs, charges and expenses being herein referred to as “Costs”). Presentment for payment, demand, protest, notice of protest and notice of nonpayment are hereby waived. The Debtor agrees that any delay on the part of the Holder in exercising any rights hereunder will not operate as a waiver of such rights, and further agrees that any payments received hereunder will be applied first to Costs, then to interest, and the balance to principal. The Holder shall not by any act, delay, omission, or otherwise be deemed to waive any of its rights or remedies, and no waiver of any kind to enforce this Note shall be valid unless in writing and signed by the Holder. This Note is payable in any event and is not subject to offset or reduction because of any other claims of Debtor against the Holder.

This Note applies to, inures to the benefit of, and binds the successors and assigns of the parties hereto. This Note is not negotiable or transferable to any other holder without the written consent of the Debtor. This Note is made under and shall be governed by the internal laws of the Commonwealth of Massachusetts.

IN WITNESS WHEREOF, the Debtor has executed this Note as an instrument under seal as of the date first written above.

DEBTOR

AMERICAN POWER GROUP, INC.

By: /s/ Charles E. Coppa                            
Charles E. Coppa
Treasurer

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