Document:

Ex-10.1

 Exhibit 10.1 

LPAC Corp. 
 2140 Lake Park
Blvd. 
 Richardson, TX 75080-2254 

As of December 15, 2014 
 The Bank of
Tokyo-Mitsubishi UFJ, Ltd. 
 Securitization Group 
 1251 Avenue
of the Americas, 12th Floor 
 New York, NY 10020-1104 
 PNC
Bank, National Association 
 Three PNC Plaza, 4th Floor 

225 Fifth Avenue 
 Pittsburgh, PA 15222-2707 

The Investors party to the 
 RPA referred to below 

Re: Revised Purchased Limits 

Reference is made to that certain Amended and Restated Receivables Purchase Agreement, dated as of November 18, 2011 (as amended,
restated, supplemented or otherwise modified, the “RPA”), among LPAC CORP., a Delaware corporation ( the “Company”), as seller, LENNOX INDUSTRIES INC., a Delaware corporation
(“Lennox”), as master servicer thereunder (in such capacity, the “Master Servicer”), VICTORY RECEIVABLES CORPORATION, a Delaware corporation, as a Purchaser, and THE BANK OF TOKYO-MITSUBISHI UFJ, LTD.,
NEW YORK BRANCH, as administrative agent for the Investors (in such capacity, the “Administrative Agent”), the purchaser agent for the BTMU Purchaser Group (in such capacity, the “BTMU Purchaser
Agent”) and a BTMU Liquidity Bank and PNC BANK, NATIONAL ASSOCIATION, as the purchaser agent for the PNC Purchaser Group (in such capacity, the “PNC Purchaser Agent”) and a PNC Liquidity Bank. Capitalized
terms used and not otherwise defined in this letter agreement shall have the meanings given to such terms in the RPA. 
 The Company hereby
requests, and by its execution below, each Agent and each Investor hereby agree, that, upon the execution of this letter by the parties hereto, each of the Purchase Limit, the BTMU Purchaser Group Limit and the PNC Purchaser Group Limits shall be
amended so that each such amount for any period shall be the respective corresponding amount for such period set forth below: 
  

													
	 Period
	  	Purchase Limit	 	  	BTMU
Purchaser
Group Limit	 	  	PNC
Purchaser
Group Limit	 
	 Reporting Date in February until the date preceding the Reporting Date in March
	  	$	180,000,000	  	  	$	90,000,000	  	  	$	90,000,000	  
	 Reporting Date in March until the date preceding the Reporting Date in April
	  	$	180,000,000	  	  	$	90,000,000	  	  	$	90,000,000	  
	 Reporting Date in April until the date preceding the Reporting Date in May
	  	$	220,000,000	  	  	$	110,000,000	  	  	$	110,000,000	  
	 Reporting Date in May until the date preceding the Reporting Date in June
	  	$	220,000,000	  	  	$	110,000,000	  	  	$	110,000,000	  
	 Reporting Date in June until the date preceding the Reporting Date in July
	  	$	220,000,000	  	  	$	110,000,000	  	  	$	110,000,000	  

													
	 Period
	  	Purchase Limit	 	  	BTMU
Purchaser
Group Limit	 	  	PNC
Purchaser
Group Limit	 
	 Reporting Date in July until the date preceding the Reporting Date in August
	  	$	220,000,000	  	  	$	110,000,000	  	  	$	110,000,000	  
	 Reporting Date in August until the date preceding the Reporting Date in September
	  	$	220,000,000	  	  	$	110,000,000	  	  	$	110,000,000	  
	 Reporting Date in September until the date preceding the Reporting Date in October
	  	$	220,000,000	  	  	$	110,000,000	  	  	$	110,000,000	  
	 Reporting Date in October until the date preceding the Reporting Date in November
	  	$	220,000,000	  	  	$	110,000,000	  	  	$	110,000,000	  
	 Reporting Date in November until the date preceding the Reporting Date in December
	  	$	220,000,000	  	  	$	110,000,000	  	  	$	110,000,000	  
	 Reporting Date in December until the date preceding the Reporting Date in January
	  	$	220,000,000	  	  	$	110,000,000	  	  	$	110,000,000	  
	 Reporting Date in January until the date preceding the Reporting Date in February
	  	$	180,000,000	  	  	$	90,000,000	  	  	$	90,000,000	  

 This letter agreement shall be a Transaction Document under the RPA. Each reference in the RPA to “this
Agreement” or “the Agreement”, or “hereof,” “hereunder” or words of like import, and each reference in any other Transaction Document to the RPA, shall mean the RPA as amended hereby, and as hereafter amended or
restated. Except as herein expressly amended, the RPA is ratified and confirmed in all respects and shall remain in full force and effect in accordance with its terms. The Company agrees to pay on demand all reasonable costs and expenses in
connection with the preparation, execution and delivery of this letter agreement, including, without limitation, the reasonable fees and out-of-pocket expenses of counsel for the Administrative Agent with respect thereto. 

Lennox International hereby consents to the amendments to the RPA contained herein and hereby affirms and agrees that the Assurance Agreement
is, and shall continue to be, in full force and effect and is hereby ratified and affirmed in all respects. On and after the date hereof, each reference in the Assurance Agreement to the RPA, “thereunder”, “thereof” or words of
like import with respect to the RPA shall mean and be a reference to the RPA as amended hereby, and as hereafter amended or restated 

THIS LETTER SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE INTERNAL LAWS OF THE STATE OF NEW YORK WITHOUT REFERENCE TO
PRINCIPLES OF CONFLICTS OF LAW (OTHER THAN SECTION 5-1401 OF THE NEW YORK GENERAL OBLIGATIONS LAW). This Letter may be executed in any number of counterparts and by the different parties hereto in separate counterparts, 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. Delivery of an executed counterpart of a signature page to this Letter by facsimile or by electronic mail in portable
document format (.pdf) shall be as effective as delivery of a manually executed counterpart of a signature page of this Letter. 
 [Remainder
of this page intentionally left blank] 

  
 2 

 
			
	Sincerely,
	
	LPAC CORP., as Company
		
	By:	 	 /s/ Rick Pelini

		 	Name: Rick Pelini
		 	Title: President, Treasurer

  

			
	AGREED AND CONSENTED TO:
	
	 LENNOX INDUSTRIES INC., as
 Master
Servicer

		
	By:	 	 Rick Pelini

		 	Name: Rick Pelini
		 	Title: Vice President, Treasurer
	
	 LENNOX INTERNATIONAL INC. (solely for

Purposes of the penultimate paragraph hereof)

		
	By:	 	 Rick Pelini

		 	Name: Rick Pelini
		 	Title: Vice President, Treasurer

			
	AGREED AND CONSENTED TO:
	
	VICTORY RECEIVABLES CORPORATION, as a Purchaser
		
	By:	 	David V. DeAngelis
		 	Name: David V. DeAngelis
		 	Title: Vice President
	
	THE BANK OF TOKYO-MITSUBISHI UFJ, LTD.,
	NEW YORK BRANCH, as Administrative Agent
		
	By:	 	Devang Sodha
		 	Name: Devang Sodha
		 	Title: Director
	
	THE BANK OF TOKYO-MITSUBISHI UFJ, LTD.,
	NEW YORK BRANCH, as BTMU Purchaser Agent
		
	By:	 	Devang Sodha
		 	Name: Devang Sodha
		 	Title: Director
	
	THE BANK OF TOKYO-MITSUBISHI UFJ, LTD.,
	NEW YORK BRANCH, as a Liquidity Bank
		
	By:	 	Christine Howatt
		 	Name: Christine Howatt
		 	Title: Authorized Signatory

			
	AGREED AND CONSENTED TO:
	
	PNC BANK, NATIONAL ASSOCIATION, as PNC Purchaser Agent
		
	By:	 	/s/ Robyn Reeher
		 	Name: Robyn Reeher
		 	Title: Vice President
	
	PNC BANK, NATIONAL ASSOCIATION, as a Liquidity Bank
		
	By:	 	/s/ Robyn Reeher
		 	Name: Robyn Reeher
		 	Title: Vice PresidentExhibit 10.1

 

REINSTATEMENT AND FIRST AMENDMENT
TO PURCHASE AND SALE AGREEMENT AND ESCROW INSTRUCTIONS

 

THIS REINSTATEMENT AND
FIRST AMENDMENT TO PURCHASE AND SALE AGREEMENT AND ESCROW INSTRUCTIONS (this “Reinstatement and First Amendment”)
is made and entered into as of December 16, 2014, by and among REW, L.L.C., an Indiana limited liability company, W PARTNERS, LLC,
an Indiana limited liability company (collectively, “Sellers”, and each a “Seller”)
and PLYMOUTH INDUSTRIAL REIT, INC., a Maryland corporation (“Buyer”).

 

WHEREAS, Buyer and
Sellers are parties to that certain Purchase and Sale Agreement and Escrow Instructions (the “Agreement”),
dated as of October 3, 2014, relating to certain real property commonly known as (i) 5861 West Cleveland Road in South Bend, Indiana,
(ii) 5502 West Brick Road in South Bend, Indiana, (iii) 4491 North Mayflower Road in South Bend, Indiana, (iv) 5855 West Carbonmill
Drive in South Bend, Indiana, and (v) 4955 Ameritech Drive in South Bend, Indiana;

 

WHEREAS, Buyer did not deliver
the Approval Notice pursuant to Section 4 of the Agreement, and the Agreement automatically terminated according to its terms;
and

WHEREAS,
Buyer and Seller desire to (i) reinstate the Agreement on the terms and conditions set forth therein, as amended by this Reinstatement
and First Amendment and (ii) amend the Agreement as more particularly set forth in this Reinstatement and First Amendment.

NOW, THEREFORE,
for good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, Buyer and Sellers hereby agree
as follows:

 

		1.	Recitals. The recitals set forth above are true and correct and are incorporated herein
by this reference.

		2.	Defined Terms. All terms used herein and denoted by their initial capitalization shall have
the meanings set forth in the Agreement unless set forth herein to the contrary.

 

		3.	Reinstatement. The Agreement is hereby reinstated pursuant to the terms of, and as amended
by, this Reinstatement and First Amendment.

 

		4.	Extension of the Contingency Period.

 

		(a)	The definition of “Contingency Period” in Section 1 of the Agreement is hereby stricken
in its entirety and the following inserted in its stead:

 

“Contingency Period: The period commencing on the
Effective Date and expiring at 5:00 p.m. (Eastern) on January 15, 2015, subject, however, to extension pursuant to Section 4.”

 

    	 

    	 

    

 

		(b)	The following sentence, as it appears in Section 4 of the Agreement, is hereby stricken in its
entirety:

 

“If, at any time during the Contingency
Period, Buyer determines in its sole and absolute discretion that a Phase II Environmental Site Assessment is necessary to determine
whether the Contingencies have been satisfied, Buyer shall have the right to extend the Contingency Period for an additional thirty
(30) days so that the Contingency Period will expire at 5:00 p.m. (Eastern) on the date which is sixty (60) days after the Effective
Date; Buyer may exercise this extension right by delivering written notice to Sellers on or before 5:00 p.m. (Eastern) on the Scheduled
Contingency Expiration Date.”

 

		5.	Deposit.

 

		(a)	The first two sentences of Section 2 of the Agreement are hereby stricken in their entirety and
the following inserted in their stead:

 

“On or before December ____,
2014 Buyer shall deposit with Escrow Holder, at Escrow Holder’s office, by check or by wire transfer, funds in the amount
of the Initial Deposit as a deposit on account of the Purchase Price. Immediately upon Escrow Holder’s receipt of the Initial
Deposit (and, if applicable, the First Extension Deposit), Escrow Holder shall place the same in an single interest-bearing account
reasonably acceptable to Buyer.”

 

		(b)	The definition of “Deposit” in Section 1 of the Agreement is hereby stricken in its
entirety and the following inserted in its stead:

 

“Deposit: Two Hundred
Fifty Thousand and 00/100 Dollars ($250,000.00) (the “Initial Deposit”) together with any increase to the same
if Buyer deposits the additional sum of Two Hundred Fifty Thousand Dollars and 00/100 ($250,000.00) (“First Extension
Deposit”) with Escrow Holder pursuant to and subject to the terms of Section 2, Section 4, and Section 8.

 

		6.	Extension of Closing Date.

 

		(a)	The definition of “Closing Date” in Section 1 of the Agreement is hereby stricken in
its entirety and the following inserted in its stead:

 

“February 10, 2015, subject to
extension and/or acceleration pursuant to Section 8(d).”

 

    	2

    	 

    

 

		(b)	Section 8(d) of the Agreement is hereby stricken in its entirety and the following inserted in
its stead:

 

“(d) Buyer’s Extension Right. Buyer shall
have the right to extend the Closing Date to April 13, 2015 for any reason or no reason by (i) giving Sellers written notice of
such election on or before 5:00 p.m. (Eastern) on or before February 5, 2015 and (ii) depositing the First Extension Deposit in
immediately available funds with the Escrow Holder on or before such time. Sellers agree that Buyer shall have the option to close
at any time after expiration of the Contingency Period upon five (5) Business Days prior notice to Sellers.”

 

		7.	Miscellaneous. This Reinstatement and First Amendment shall be binding upon and inure to
the benefit of the parties hereto and their respective successors, successors-in-title, representatives and assigns. In the event
of any inconsistency or conflict between the terms of this Reinstatement and First Amendment and of the Agreement, the terms of
this Reinstatement and First Amendment shall control. The Agreement, as amended by this Reinstatement and First Amendment, constitutes
and contains the sole and entire agreement of the parties hereto with respect to the subject matter hereof and no prior or contemporaneous
oral or written representations or agreements between the parties and relating to the subject matter hereof shall have any legal
effect. Except as hereinabove provided, all other terms and conditions of the Agreement shall remain unchanged and in full force
and effect, and are hereby ratified and confirmed by the parties hereto. This Reinstatement and First Amendment may not be changed,
modified, discharged or terminated orally in any manner other than by an agreement in writing signed by Sellers and Buyer. This
Reinstatement and First Amendment may be signed in multiple counterparts, which, when taken together, shall constitute a fully
executed and binding original Reinstatement and First Amendment. Signatures of the parties to the Reinstatement and First Amendment
via facsimile or other electronic transmission shall be treated as and have the same binding effect as original signatures hereon.

 

[Signature page follows]

    	3

    	 

    

IN WITNESS WHEREOF, the parties hereto have
executed this Reinstatement and First Amendment as of the day and year first above written.

 

 

	SELLERS: 	REW, L.L.C., an Indiana limited liability company 
	 	 
	 	By: /s/ Robert E. Wozny            
	 	Name:  Robert E. Wozny
	 	Title:  Managing Member
	 	 
	 	 
	 	W Partners, LLC, an Indiana limited liability company
	 	 
	 	 
	 	By: /s/ Robert E. Wozny           
	 	Name:  Robert E. Wozny
	 	Title:  Managing Member
	 	 
	BUYER:	PLYMOUTH INDUSTRIAL REIT, INC., a Maryland corporation.
	 	 
	 	 
	 	By: /s/ Pendleton P. White, Jr.           
	 	Name:  Pendleton P. White, Jr.
	 	Title: President

 

    	Schedule 1 for First Amendment

    	 

    

The undersigned Escrow Holder hereby joins
in to this Reinstatement and First Amendment to acknowledge its consent to the terms and provisions of this Agreement.

 

MERIDIAN
TITLE CORPORATION, Escrow Holder

 

By:       /s/ Mark
Myers         

Name:  Mark Myers

Title:    President

Date:    December 15, 2014

 

 

    	Schedule 1 for First Amendment

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