Document:

Exhibit 10.1

 Exhibit 10.1 
 AMENDMENT NO. 4 
 TO 

AMENDED AND RESTATED SALE AND SERVICING AGREEMENT 
 THIS AMENDMENT NO. 4 TO AMENDED AND RESTATED SALE AND SERVICING AGREEMENT, dated as of January 17, 2012 (this “Amendment”), is entered into by and among MCG Commercial Loan Funding
Trust, as the seller (in such capacity, the “Seller”), MCG Capital Corporation, as the originator (in such capacity, the “Originator”) and as the servicer (in such capacity, the “Servicer”), Three
Pillars Funding LLC, as a purchaser (“Three Pillars”), SunTrust Robinson Humphrey, Inc., as the administrative agent (in such capacity, the “Administrative Agent”), and Wells Fargo Bank, National Association, as the
backup servicer (in such capacity, the “Backup Servicer”) and as trustee (in such capacity, the “Trustee”). 
 RECITALS 
 WHEREAS, the Seller, the Originator, the Servicer, Three Pillars, the
Administrative Agent, the Backup Servicer and the Trustee are parties to the Amended and Restated Sale and Servicing Agreement dated as of February 26, 2009, as amended by an Amendment No. 1 dated as of February 17, 2010, by an
Amendment No. 2 dated as of January 25, 2011 and by an Amendment No. 3 dated as of May 5, 2011 (as so amended, the “Agreement”); and 
 WHEREAS, such parties hereto desire to amend the Agreement as hereinafter set forth. 
 NOW THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties agree as follows: 

1. Certain Defined Terms. Each capitalized term that is used herein without definition and that is defined or incorporated by
reference in the Agreement shall have the same meaning herein as therein defined or incorporated. 
 2. Amendments to the
Agreement. The Agreement is hereby amended as follows: 
 2.1 The definition of “Eurodollar Disruption
Event” is hereby amended in its entirety as follows: 
 “Eurodollar Disruption Event”: The
occurrence of any of the following: (a) any Liquidity Bank or Purchaser shall have notified the Administrative Agent of a determination by such Liquidity Bank or Purchaser or any of its respective assignees or participants that it would be
contrary to law or to the directive of any central bank or other governmental authority (whether or not having the force of law) to obtain United States dollars in the London interbank market to fund any Advance, (b) any Liquidity Bank or
Purchaser shall have notified the Administrative Agent of the inability, for any reason, of such Liquidity Bank or Purchaser or any of its respective assignees or participants to 

 
determine the Adjusted Eurodollar Rate, (c) any Liquidity Bank or Purchaser shall have notified the Administrative Agent of a determination by such Liquidity Bank or Purchaser or any of its
assignees or participants that the rate at which deposits of United States dollars are being offered to such Liquidity Bank or Purchaser or any of its respective assignees or participants in the London interbank market does not accurately reflect
the cost to such Liquidity Bank or Purchaser, such assignee or such participant of making, funding or maintaining any Advance or (d) any Liquidity Bank or Purchaser shall have notified the Administrative Agent of the inability of such Liquidity
Bank or Purchaser or any of its respective assignees or participants to obtain United States dollars in the London interbank market to make, fund or maintain any Advance. 

2.2 The definition of “Legal Final Maturity Date” in Section 1.1 is hereby amended in its entirety as
follows: 
 “Legal Final Maturity Date”: The date which is 24 months following the Termination
Date. 
 2.3 The definition of “Moody’s Rating” in Section 1.1 is hereby amended by deleting
clause (C) in the final proviso of such definition and replacing the comma after clause (A) in such proviso with the word “and.” 
 2.4 Clause (5) of the definition of “Pool Concentration Criteria” in Section 1.1 is hereby amended in its entirety as follows: 

“(5) the sum of the Outstanding Loan Balances of all Eligible Loans to the six largest Obligors (including any
Affiliates thereof) shall not exceed $80,000,000;” 
 2.5 The definition of “Scheduled Termination
Date” in Section 1.1 is hereby amended by replacing the date “January 25, 2013” with the date “January 17, 2012.” 
 2.6 Section 2.8 is hereby amended by replacing the initial paragraph thereunder with the following: 
 “On each Payment Date during the Amortization Period, the Servicer (or the Administrative Agent, if the Servicer has failed to deliver the applicable Monthly Report) shall direct the Trustee to pay
pursuant to the Monthly Report to the following Persons, from (i) the Collection Account, to the extent of Available Funds (and subject to the proviso at the end of this paragraph), (ii) Servicer Advances received with respect to the
related Collection Period and (iii) withdrawals from the Reserve Account with respect to such Payment Date, the following amounts in the following order of priority; provided that, (A) so long as no Termination Event has occurred,
(I) payments made in respect of clauses (1) – (4) and clauses (6) – (9) below shall be made first from Interest Collections and second from Principal Collections and (II) payments in respect of clause
(5) shall be made first from Principal Collections and second from Interest Collections only to the extent necessary to cure any Overcollateralization Shortfall and/or 

  
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Required Equity Shortfall and (B) after the occurrence of a Termination Event, all amounts on deposit in the Collection Account shall be applied to the payments described below:”

 2.7 Section 6.4(a) is hereby amended by replacing the proviso in such paragraph with the following:

 “provided, however, that (i) prior to the earlier to occur of (A) the first anniversary of the
Scheduled Termination Date or (B) the occurrence of a Termination Event, the Servicer shall not extend the maturity date of any Loan with the exception of (x) Loans having an aggregate Outstanding Loan Balance of not greater than
$40,000,000, which may be extended by a maturity date not greater than one (1) year and (y) any extension of the maturity date of the “Pharmalogic Holdings Corp” Loan in conjunction with the funding thereof as contemplated in
that certain Amendment No. 4 dated as of January 17, 2012, by and among the Originator, the Servicer, the Seller, the Administrative Agent, the Purchasers party thereto, the Backup Servicer and the Trustee (which, for the avoidance of
doubt, shall not be included in the aforementioned $40,000,000 limitation) and (ii) at any time thereafter, the Servicer shall not extend the maturity date of any Loan, without, in either case, the prior written consent of the Administrative
Agent.” 
 2.8 Section 6.15(f) is hereby amended by replacing the number “450,000,000” with
the number “375,000,000.” 
 2.9 Section 6.15(n) is hereby amended in its entirety as follows:

 “any of Richard Neu, B. Hagen Saville or Stephen Bacica ceases to be actively involved in the management of the Servicer
or the Originator and is not replaced by a Person reasonably acceptable to the Administrative Agent within 90 consecutive calendar days of such occurrence,” 

2.10 Section 10.1(u) is hereby amended in its entirety as follows: 

“(u) [Reserved]; or” 
 3. Agreements. The parties hereto hereby agree to the following: 
 3.1 The concentration limitations set forth in clauses (2), (3) and (4) of the definition of “Pool Concentration Criteria” in Section 1.1 of the Agreement shall not be calculated
for purposes of determining any Excess Concentration Amount during the Amortization Period. 
 3.2 On the date of
this Amendment, all amounts in the Principal Collections Account less the Pharmalogic Funds (as defined below) shall be applied to reduce the Advances Outstanding in accordance with Section 2.8 of the Agreement. An amount equal to $7,824,106
(the “Pharmalogic Funds”) shall be set aside in the Principal Collections Account solely for purposes of funding an incremental portion of the “Pharmalogic Holdings Corp” Loan at a later date. Each of the Servicer and the
Seller 

  
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acknowledge and agree that it shall be a condition precedent to the release of all or a portion of the Pharmalogic Funds from the Principal Collections Account that, in the reasonable judgment of
the Administrative Agent, the final terms and agreements between the Originator and Pharmalogic Holdings Corp. shall not be materially different than the terms set forth in that certain term sheet, dated as of October 31, 2011, between the
Originator and Pharmalogic Holdings Corp. In addition, following the earlier of (a) the funding date of the “Pharmalogic Holdings Corp” Loan and (b) March 31, 2012, the Pharmalogic Funds (or any portion thereof) which has
not been released to fund all or a portion of such Loan shall no longer be deemed to be set aside in the Principal Collections Account and thereafter shall be applied as set forth in Section 2.8 of the Agreement. 

3.3 The Administrative Agent hereby approves Richard W. Neu as an acceptable replacement for Steve Tunney and further
acknowledges that the Unmatured Termination Event caused by the October 31, 2011 resignation of Steve Tunney from MCG Capital Corporation has been cured in accordance with Section 6.15(n) of the Agreement. 

3.4 As a result of various organizational changes of the Originator, the Credit and Collection Policy that was most
recently furnished to the Administrative Agent in August 2010 has not been and is not currently being followed in all material respects. Each of the Originator, Servicer and the Seller hereby request a waiver of, and the Administrative Agent and
SunTrust Bank (as assignee of Three Pillars) hereby agree to waive, any Servicer Default, Termination Event or Unmatured Termination Event arising as a result of (i) the failure by the Servicer or the Seller to comply with the Credit and
Collection Policy or (ii) the failure of the Servicer to provide notice of any prior changes to the Credit and Collection Policy; provided that (i) each of the Originator and the Servicer hereby agrees to follow the credit and
collection procedures which are currently in place as of the date hereof and have been communicated and/or furnished to the Administrative Agent on or prior to the date hereof and (ii) not later than March 31, 2012, the Servicer and/or
Originator shall provide the Administrative Agent with a revised Credit and Collection Policy setting forth the aforementioned credit and collection procedures (such revised Credit and Collection Policy shall be adhered to by the Originator and
Servicer in accordance with the terms of the Agreement). For the avoidance of doubt, if a new Credit and Collection Policy has not been received by the Administrative Agent by March 31, 2012, such a breach shall be deemed to be a Servicer
Default under the Agreement. This waiver is a limited one-time waiver and shall not be construed to be a waiver as to non-compliance of any of the other provisions of the Agreement. 

4. Assignment. 
 4.1 Three Pillars, in its capacity as a Purchaser under the Agreement, hereby provides notice to the parties that on the date of this Amendment it shall assign in full all right, title and interest to its
Variable Funding Note (and all related Advances made thereunder) to SunTrust Bank. On and after the date hereof, SunTrust Bank shall be deemed a “Purchaser” under the Agreement. 

  
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 5. No Waiver. The execution, delivery and effectiveness of this Amendment shall not
operate as a waiver of any right, power or remedy of any party under the Agreement or any other document, instrument or agreement executed in connection therewith, nor constitute a waiver of any provision contained therein. 

6. Conditions To Effectiveness. The effectiveness of the amendments in Section 2 hereof and agreements in
Section 3 hereof is subject to the conditions precedent that (i) each of the parties hereto shall have received counterparts of this Amendment, duly executed by all of the parties hereto and (ii) on or prior to the date hereof,
the Administrative Agent shall have received from the Borrower the “amendment fee” set forth in the Fifth Amended and Restated Purchaser Fee Letter, dated as of January 17, 2012, by and among the Seller, Servicer, the Purchaser and
the Administrative Agent. 
 7. Reaffirmation of Covenants, Representations and Warranties. Upon the effectiveness of
this Amendment, each of the Seller, the Originator and the Servicer hereby reaffirms all covenants, representations and warranties made in the Agreement and the other Transaction Documents and agrees that all such covenants, representations and
warranties shall be deemed to have been remade as of the effective date of this Amendment. 
 8. Representations and
Warranties. Each of the Seller, the Originator and the Servicer hereby represents and warrants that (i) this Amendment constitutes a legal, valid and binding obligation of such Person, enforceable against it in accordance with its terms
except as such enforceability may be limited by Insolvency Laws and by general principles of equity (whether considered in a suit at law or in equity) and (ii) upon the effectiveness of this Amendment, no Unmatured Termination Event,
Termination Event or Servicer Default exists. 
 9. Ratification. The Agreement, as amended hereby, remains in full force
and effect. Any reference to the Agreement from and after the date hereof shall be deemed to refer to the Agreement as amended hereby. As amended, the Agreement is hereby ratified and reaffirmed by the parties hereto. 

10. Counterparts. This Amendment may be executed in any number of counterparts and by the different parties hereto on separate
counterparts (including by facsimile), each of which when so executed shall be deemed to be an original and all of which when taken together shall constitute one and the same agreement. 

11. Governing Law. THIS AMENDMENT, INCLUDING THE RIGHTS AND DUTIES OF THE PARTIES HERETO, SHALL BE GOVERNED BY, AND CONSTRUED IN
ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK. 
 12. Section Headings. The various headings of this Amendment are
included for convenience only and shall not affect the meaning or interpretation of this Amendment, the Agreement or any provision hereof or thereof. 
 [SIGNATURES COMMENCE ON THE FOLLOWING PAGE] 

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

					
	MCG COMMERCIAL LOAN FUNDING TRUST,
	as Seller
		
	By:	 	Wilmington Trust Company, not in its individual capacity, but solely as Owner Trustee
		
	By:	 	 /s/ Jeanne M. Oller

		 	Name: Jeanne M. Oller
		 	Title: Assistant Vice President
	
	 MCG CAPITAL CORPORATION,
 as Originator and as Servicer

		
	By:	 	 /s/ Stephen J. Bacica

		 	Name: Stephen J. Bacica
		 	Title: Chief Financial Officer

 [SIGNATURES CONTINUE ON THE FOLLOWING PAGE] 

  

					
		 	S-6	 	Amendment to A&R SSA

 
					
	THREE PILLARS FUNDING LLC,
	as a Purchaser
		
	By:	 	 /s/ Doris J. Hearn

		 	Name: Doris J. Hearn
		 	Title: Vice President
	
	 SUNTRUST ROBINSON HUMPHREY, INC.,
 as Administrative Agent

		
	By:	 	 /s/ Emily Shields

		 	Name: Emily Shields
		 	Title: Vice President

 [SIGNATURES CONTINUE ON THE FOLLOWING PAGE] 

  

					
		 	S-7	 	Amendment to A&R SSA

 
					
	WELLS FARGO BANK, NATIONAL ASSOCIATION,
	as Backup Servicer
		
	By:	 	 /s/ Julie Tanner Fischer

		 	Name: Julie Tanner Fischer
		 	Title: Vice President
	
	 WELLS FARGO BANK, NATIONAL ASSOCIATION,
 as Trustee

		
	By:	 	 /s/ Julie Tanner Fischer

		 	Name: Julie Tanner Fischer
		 	Title: Vice President

  

					
		 	S-8	 	Amendment to A&R SSA

 Acknowledged and Agreed to by: 

 

			
	SUNTRUST BANK
		
	By:	 	 /s/ Joseph Franke

			
	Name: Joseph Franke
	Title: Senior Vice PresidentExhibit 10.2

 Exhibit 10.2 
 PREPAYMENT AND WAIVER AGREEMENT 
 THIS PREPAYMENT AND WAIVER AGREEMENT,
dated as of January 17, 2012 (this “Agreement”), is entered into by and among MCG CAPITAL CORPORATION, a Delaware corporation (the “Company”), and the holders of the Notes party hereto relating to the
Note Purchase Agreement, dated as of October 3, 2007, between the Company and each of the purchasers listed therein pursuant to which the Company issued $25,000,000 aggregate principal amount of its 6.71% Series 2007-A Senior Notes due
October 3, 2012 (as amended and reissued, the “Series 2007-A Notes”), as amended from time to time (as amended, the “Note Purchase Agreement”). Capitalized terms used herein and not otherwise defined herein
shall have the respective meanings set forth in the Note Purchase Agreement. 
 W I T N E
S S E T H : 
 WHEREAS, the Company has entered into the Note Purchase Agreement with the
Purchasers, pursuant to which the Company issued and sold the Series 2007-A Notes; 
 WHEREAS, pursuant to the Note Purchase
Agreement the Company may, at its option, prepay all or a portion of the Series 2007-A Notes in accordance with the terms set forth therein; 
 WHEREAS, the Company has expressed its intent to prepay the Series 2007-A Notes and the holders of the Series 2007-A Notes have agreed to accept such prepayment on the terms and conditions set forth
herein and to waive certain notice requirements in connection therewith; and 
 WHEREAS, the Company has requested and the
holders of the Series 2007-A Notes have agreed, subject to the terms hereof, that in lieu of the NPA Prepayment Amount, the Company will pay the January Prepayment Amount in full and complete satisfaction of the Series 2007-A Notes. 

NOW THEREFORE, in consideration of the premises and other good and valuable consideration, the parties hereto hereby agree as follows:

 1. Prepayment and Waiver. 
 1.1 As provided for in Section 8.2 of the Note Purchase Agreement, the Company may prepay all or any part of the Series 2007-A Notes at any time, at 100% of the principal amount to be prepaid plus
accrued and unpaid interest and the applicable Make-Whole Amount (the “NPA Prepayment Amount”). 
 1.2 Subject
to the terms hereof and in consideration of the payment by the Company to the holders of the Series 2007-A Notes on January 17, 2012 (the “Prepayment Date”) in immediately available wire transfer funds delivered in such amounts
in accordance with the wire transfer instructions as set forth on Schedule A attached hereto, of (a) principal in the amount of $8,716,905.58, (b) a prepayment premium in the amount of $174,338.11, and (c) accrued interest through and
including the Prepayment Date of $225,632.25, for a total payment of $9,116,875.94 (as set forth in more detail on Schedule A attached hereto , the “January Prepayment Amount”), the holders of the Series 2007-A Notes hereby waive
their rights to the NPA Prepayment Amount. 

 1.3 To the extent that the January Prepayment Amount is not received on the Prepayment Date,
a per diem interest amount of $2,169.54 shall be added to the January Prepayment Amount for each day after January 17, 2012, through and including the date of payment (the “Actual Prepayment Date”). The Actual Prepayment Date
must be on or before February 26, 2012. 
 1.4 The holders of the Series 2007-A Notes acknowledge and agree (a) that
following receipt of the January Prepayment Amount (as it may be increased in accordance with Section 1.3 hereof) and except as expressly provided herein, there will be no further obligations owing under the Series 2007-A Notes, the Note
Purchase Agreement and the other agreements and documents executed or delivered in connection therewith, and (b) upon receipt of the January Prepayment Amount, the Series 2007-A Notes, the Note Purchase Agreement and other agreements and
documents executed or delivered in connection therewith will be terminated, satisfied in full and extinguished except for the provisions thereof that expressly survive the termination thereof. 

1.5 The holders of the Series 2007-A Notes hereby waive the prepayment notices and certificates of a Senior Financial Officer required to
be delivered by the Company in connection with a prepayment pursuant to Section 8.2 of the Note Purchase Agreement. The foregoing waiver shall not constitute a waiver, whether express or implied, of any other provision of the Note Purchase
Agreement. 
 2. Effective Date and Conditions Precedent. This Agreement shall become effective on the first date (the
“Effective Date”) on which each of the following conditions have been satisfied: 
 (a) Prepayment. The
Company shall have paid to each holder of a Series 2007-A Note such holder’s pro rata share of the January Prepayment Amount, in the amount and manner specified in Schedule A attached hereto. 

(b) No Default. No Default or Event of Default shall have occurred and be continuing on the Effective Date. 

(c) Execution and Delivery by the All Holders. This Agreement shall have been executed by all holders and copies of the executed
signature pages of the holders shall have been delivered to each holder of Series 2007-A Notes or Bracewell & Giuliani LLP on their behalf. 
 (d) Execution and Delivery by the Company. This Agreement shall have been executed by the Company and copies of the executed signature pages of the Company shall have been delivered to each holder
of Series 2007-A Notes or Bracewell & Giuliani LLP on their behalf. 
 3. Expenses. The Company agrees to pay
all reasonable out-of-pocket expenses of the holders arising in connection with this Agreement and the transactions contemplated hereby, including without limitation the reasonable fees and expenses, including reasonable post-closing fees and
expenses, of Bracewell & Giuliani LLP, special counsel for the holders of the Series 2007-A Notes. 

  
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 4. Headings. The descriptive headings of the various Sections or parts of this
Agreement are for convenience only and shall not affect the meaning or construction of any of the provisions hereof. 
 5.
Governing Law. THIS AGREEMENT SHALL BE CONSTRUED AND ENFORCED IN ACCORDANCE WITH, AND THE RIGHTS OF THE PARTIES SHALL BE GOVERNED BY, THE LAW OF THE STATE OF NEW YORK EXCLUDING CHOICE-OF-LAW PRINCIPLES OF THE LAW OF SUCH STATE THAT WOULD
REQUIRE THE APPLICATION OF THE LAWS OF A JURISDICTION OTHER THAN SUCH STATE. 
 6. Counterparts. This Agreement may be
executed in any number of counterparts, each of which shall be deemed an original and all of which shall constitute one and the same instrument, and it shall not be necessary in making proof of this Agreement to produce or account for more than one
such counterpart. Signatures by pdf or facsimile shall count as original signatures for all purposes. 
 [Signature page
follows] 

  
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 IN WITNESS WHEREOF the parties have caused this Agreement to be executed as of the day and
year first above written. 
  

			
	MCG CAPITAL CORPORATION
		
	By:	 	 /s/ Stephen J. Bacica

		 	Name: Stephen J. Bacica
		 	Title: Chief Financial Officer

  
 Signature Page
to Prepayment and Waiver Agreement 
 MCG Capital Corporation 

 This Agreement is hereby accepted 
 and agreed to as of the date thereof. 
  

			
	The Guardian Life Insurance Company of America
		
	By:	 	 /s/ Brian Keating

			
	Name:	 	Brian Keating
	Title:	 	Managing Director

  
 Signature Page
to Prepayment and Waiver Agreement 
 MCG Capital Corporation 

 This Agreement is hereby accepted 
 and agreed to as of the date thereof. 
  

			
	The Guardian Insurance & Annuity Company, Inc.
		
	By:	 	 /s/ Brian Keating

			
	Name:	 	Brian Keating
	Title:	 	Managing Director

  
 Signature Page
to Prepayment and Waiver Agreement 
 MCG Capital Corporation 

 This Agreement is hereby accepted 
 and agreed to as of the date thereof. 
  

			
	Nationwide Life Insurance Company
		
	By:	 	 /s/ Thomas A. Shanklin

			
	Name:	 	Thomas A. Shanklin
	Title:	 	Authorised Signatory

  
 Signature Page
to Prepayment and Waiver Agreement 
 MCG Capital Corporation

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