Document:

biei_ex104.htm

EXHIBIT 10.4
  
 AMENDMENT NO. 1
 SECURITIES PURCHASE AGREEMENT
  
 This First Amendment to the Securities Purchase Agreement (this “Amendment”) is entered into on August 8, 2017 between Premier Biomedical, Inc., a Nevada corporation (the “Company”), and the purchaser identified on the signature pages hereto (including its successors and assigns, the “Purchaser” and collectively with all other purchasers in the same offering, the “Purchasers”). Each of the Purchasers and the Company may be referred to herein as a “Party” and collectively as the “Parties.”
  
 RECITALS
  
 WHEREAS, the Parties are parties to that certain Securities Purchase Agreement with an Effective Date of March 30, 2017 (the “Agreement”), as modified by the Addendum to the Agreement entered into on May 24, 2017;
  
 WHEREAS, the Parties desire to amend certain terms of the Agreement as set forth in this Amendment.
  
 NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties hereby agree as follows:
  
 AGREEMENT
  
 1. Section 2.1(c) of the Agreement is hereby amended and restated in its entirety as follows:
  
 “(c) Third Closing. On the Third Closing Date, upon the terms and conditions set forth herein, the Company agrees to sell, and the Purchasers, severally and not jointly, agree to purchase, an aggregate of $150,000 of convertible notes, each convertible note substantially in the form of Exhibit E (“Convertible Note”) attached hereto, which closing shall occur on, or as soon as reasonably practicable following, and in any event within two (2) Trading days of, the date on which the Registration Statement registering all of the Registrable Securities is declared effective by the Commission (the “Third Closing”). Each Purchaser shall deliver to the Company, via wire transfer or a certified check, immediately available funds equal to such Purchaser’s Subscription Amount as set forth on the signature page hereto executed by such Purchaser, and the Company shall deliver to each Purchaser its respective Convertible Note, as determined pursuant to Section 2.2(a), and the Company and each Purchaser shall deliver the other items set forth in Section 2.2 deliverable at the Third Closing. Upon satisfaction of the covenants and conditions set forth in Sections 2.2 and 2.3, the Third Closing shall occur at the offices of EGS or such other location as the parties shall mutually agree.”
  
  	 
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 2. Section 2.2(a) of the Agreement is hereby amended and restated in its entirety as follows:
  
 (a) On or prior to each Closing Date, the Company shall deliver or cause to be delivered to each Purchaser the following, as applicable:
  
 (i) as to the First Closing, this Agreement duly executed by the Company;
  
 (ii) as to the First Closing, a legal opinion of Company Counsel, substantially in the form of Exhibit B attached hereto, which opinion shall also opine that, for purposes of Rule 144, the holding period of the Dilution Shares issuable pursuant to Section 4.19 shall be deemed to have commenced on the First Closing Date and as to the Second and Third Closings, a bring-down letter reasonably satisfactory to the Purchasers; 
  
 (iii) as to the First Closing and Second Closing, a copy of the irrevocable instructions to the Transfer Agent instructing the Transfer Agent to deliver, on an expedited basis, a certificate evidencing a number of Shares equal to such Purchaser’s Subscription Amount, as to the applicable Closing, divided by the Per Share Purchase Price, registered in the name of such Purchaser;
  
 (iv) as to the First Closing and Second Closing, a Series A Warrant registered in the name of such Purchaser to purchase up to a number of shares of Common Stock equal to 100% of such Purchaser’s Shares issued on such applicable Closing, with an exercise price equal to $0.03, subject to adjustment therein;
  
 (v) as to the First Closing and Second Closing, a Series B Warrant registered in the name of such Purchaser to purchase up to a number of shares of Common Stock equal to 100% of such Purchaser’s Shares issued on such applicable Closing, with an exercise price equal to $0.05, subject to adjustment therein;
  
 (vi) as to each Closing, the Company shall have provided each Purchaser with the Company’s wire instructions, on Company letterhead and executed by the Chief Executive Officer or Chief Financial Officer;
  
 (vii) as to the First Closing, the Lock-Up Agreements; 
  
 (viii) as to the First Closing, Registration Rights Agreement duly executed by the Company; and
  
 (ix) as to the Third Closing a Convertible Note issued in the name of each Purchaser equal to the Purchaser’s Subscription Amount for the Third Closing.
  
  	 
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 3. Section 4.18 of the Agreement is hereby deleted in its entirety and Section 4.18 is reserved. All references to Additional Shares and Section 4.18 are deleted and may be ignored. 
  
 4. The definition for “Additional Shares” is deleted from Section 1.1. 
  
 5. The definition for “Registrable Securities” in Section 1.1 is amended and restated as follows:
  
 “Registrable Securities” means, as of any date of determination, (a) all Shares, except those Shares issued in the First Closing, (b) all Warrant Shares then issued and issuable upon exercise of the Warrants (assuming on such date the Warrants are exercised in full without regard to any exercise limitations therein), (c) any additional shares of Common Stock issued and issuable in connection with any anti-dilution provisions in the Warrants or Purchase Agreement (in each case, without giving effect to any limitations on exercise or issuance set forth in the Warrants or this Agreement), (d) shares of Common Stock issuable upon conversion of a Convertible Note, and (e) any securities issued or then issuable upon any stock split, dividend or other distribution, recapitalization or similar event with respect to the foregoing; provided, however, that any such Registrable Securities shall cease to be Registrable Securities (and the Company shall not be required to maintain the effectiveness of any, or file another, Registration Statement hereunder with respect thereto) for so long as (a) a Registration Statement with respect to the sale of such Registrable Securities is declared effective by the Commission under the Securities Act and such Registrable Securities have been disposed of by the Purchaser in accordance with such effective Registration Statement, (b) such Registrable Securities have been previously sold in accordance with Rule 144, or (c) such securities become eligible for resale without volume or manner-of-sale restrictions and without current public information pursuant to Rule 144 as set forth in a written opinion letter to such effect, addressed, delivered and acceptable to the Transfer Agent and the affected Purchasers (assuming that such securities and any securities issuable upon exercise, conversion or exchange of which, or as a dividend upon which, such securities were issued or are issuable, were at no time held by any Affiliate of the Company, and all Warrants are exercised by “cashless exercise” as provided in Section 2(c) of each of the Warrants), as reasonably determined by the Company, upon the advice of counsel to the Company.
  
 6. Other than as set forth herein, the terms and conditions of the Agreement shall remain in full force and effect.
  
 [remainder of page intentionally left blank; signature page to follow]
  
  	 
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 IN WITNESS WHEREOF, the Parties hereto have executed this Amendment No. 1 to the Securities Purchase Agreement as of the date first above written.
  
  	 	 PURCHASERS:
   
 THE SPECIAL EQUITIES GROUP, LLC
	
	 	   	 	 
		By:	 /s/ Jon Schechter 
	
	  
	 Name: 
	 Jon Schechter
	 
	 	Title: 	 Managing Member
	 
	 	   	 	 
	  
	 RDW CAPITAL LLC
	  

	  
	   
	  
	  

	  
	 By:
	 /s/ John DeNobile 
	  

	  
	 Name: 
	 John DeNobile
	  

	  
	 Title: 
	 Manager
	  

	  
	   
	  
	  

	  
	 DIAMOND ROCK, LLC
	  

	  
	   
	  
	  

	  
	 By:
	 /s/ Neil B. Rock 
	  

	  
	 Name: 
	 Neil B. Rock
	  

	  
	 Title: 
	 Member
	  

	  
	   
	  
	  

	  
	 COMPANY:
      
 PREMIER BIOMEDICAL, INC.
	  

	  
	   
	  
	  

	  
	 By:
	 /s/ William A. Hartman 
	  

	  
	 Name:
	 William A. Hartman 
	  

	  
	 Title: 
	 President
	  

  
  
  	 Page 4 of 4EX-10.1

 Exhibit 10.1 

Executed Version 
 SECOND
AMENDMENT TO CREDIT AGREEMENT 
 SECOND AMENDMENT, dated as of November 21, 2017 (this “Amendment”), to the
Credit Agreement, dated as of August 30, 2016 (as amended by the First Amendment to Credit Agreement, dated as of March 1, 2017 (the “First Amendment”) and as further amended, supplemented or otherwise modified from time
to time, the “Credit Agreement”), among ESH Hospitality, Inc. (the “Borrower”), the other Guarantors party thereto from time to time, the lenders party thereto from time to time (the “Lenders”) and
Deutsche Bank AG New York Branch, as administrative agent (in such capacity, the “Administrative Agent”), collateral agent and L/C Issuer. 

W I T N E S S E T H: 

WHEREAS, pursuant to the Credit Agreement, the Lenders have agreed to make, and have made, certain loans and other extensions of credit to
the Borrower; 
 WHEREAS, the Borrower has requested that the outstanding Initial Term Loans (including, for the avoidance of doubt, the
Repriced Term Loans made or continued pursuant to the First Amendment) be refinanced with a new term facility (the “Refinancing Term Facility”) in accordance with Section 2.15 of the Credit Agreement by
obtaining Repriced Term Commitments (as defined in Section 4 of this Amendment) and having existing Initial Term Loans be continued as provided herein; 

WHEREAS, the loans under the Refinancing Term Facility (the “Second Repriced Term Loans”) will replace and refinance the
currently outstanding Initial Term Loans; 
 WHEREAS, except as otherwise provided herein, the Second Repriced Term Loans will have the
same terms as the Initial Term Loans currently outstanding under the Credit Agreement; 
 WHEREAS, each existing Term Lender that executes
and delivers a Lender Addendum (Cashless Roll) attached hereto (a “Lender Addendum (Cashless Roll)”) and in connection therewith agrees to continue all of its outstanding Initial Term Loans as Second Repriced Term Loans (such
continued Initial Term Loans, the “Continued Term Loans”, and such Lenders, collectively, the “Continuing Term Lenders”) will thereby (i) agree to the terms of this Amendment and (ii) agree to continue all
of its existing Initial Term Loans (such existing Initial Term Loans, the “Existing Term Loans”, and the Lenders of such Existing Term Loans, collectively, the “Existing Term Lenders”) outstanding on the Second
Amendment Effective Date (as defined below) as Second Repriced Term Loans in a principal amount equal to the aggregate principal amount of such Existing Term Loans so continued (or such lesser amount as notified to such Lender by the Administrative
Agent prior to the Second Amendment Effective Date); 
 WHEREAS, subject to the preceding recitals, each Person (other than a Continuing
Term Lender in its capacity as such) that executes and delivers a Lender Addendum (Additional Term Lender) attached hereto (a “Lender Addendum (Additional Term Lender)” 

 
and, together with a Lender Addendum (Cashless Roll), a “Lender Addendum”)) and agrees in connection therewith to make Second Repriced Term Loans (collectively, the
“Additional Term Lenders”) will thereby (i) agree to the terms of this Amendment and (ii) commit to make Second Repriced Term Loans to the Borrower on the Second Amendment Effective Date (the “Additional Term
Loans”) in such amount (not in excess of any such commitment) as is determined by the Administrative Agent and notified to such Additional Term Lender; 

WHEREAS, the proceeds of the Additional Term Loans will be used by the Borrower to repay in full the outstanding principal amount of the
Existing Term Loans that are not continued as Second Repriced Term Loans by Continuing Term Lenders; 
 WHEREAS, the Continuing Term
Lenders and the Additional Term Lenders (collectively, the “Repriced Term Lenders”) are severally willing to continue their Existing Term Loans as Second Repriced Term Loans and/or to make Second Repriced Term Loans, as the case may
be, subject to the terms and conditions set forth in this Amendment; 
 WHEREAS, Section 2.15(d) of the Credit
Agreement permits the Borrower to amend the Credit Agreement and other Loan Documents with the written consent of the Administrative Agent and the Repriced Term Lenders, (i) to refinance the Existing Term Loans with the proceeds of the Second
Repriced Term Loans, which constitute Refinancing Term Loans under the Credit Agreement and (ii) to effect such other amendments to the Credit Agreement and the other Loan Documents as may be necessary or appropriate, in the reasonable opinion
of the Administrative Agent and the Borrower, to effect the provisions of Section 2.15 of the Credit Agreement; and 

WHEREAS, the Borrower, the Repriced Term Lenders and the Administrative Agent are willing to agree to this Amendment on the terms set forth
herein; 
 NOW THEREFORE, in consideration of the premises and mutual covenants hereinafter set forth, the parties hereto agree as follows:

 SECTION 1.    Definitions. Unless otherwise defined herein, terms defined in the Credit Agreement and used
herein shall have the meanings given to them in the Credit Agreement. 
 SECTION 2.    Amendments to Article I of
the Credit Agreement. Section 1.01 of the Credit Agreement is hereby amended as follows: 

(a)    The following definitions are hereby added in the appropriate alphabetical order to
Section 1.01: 
 “Rating Level Change” means a change in the rating by either or both of
Moody’s or S&P (other than as a result of a change in the rating system of such rating agency) that results in the change from one Rating Level Period to another, which Rating Level Change shall be effective on the date on which the
relevant change in the rating is first announced by Moody’s or S&P, as the case may be. 

  
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 “Rating Level Period” means, as of any period, the level set forth below as then
in effect, as determined in accordance with the following provisions of this definition: 
 “Level 1
Period” means a period during which the Borrower maintains a public corporate family rating better than or equal to BB- (with stable or better outlook) from S&P and a public corporate family
rating better than or equal to Ba3 (with stable or better outlook) from Moody’s. 
 “Level 2 Period”
means each period other than a Level 1 Period, and shall include each period during which either Moody’s or S&P shall not have in effect a rating (other than because either such rating agency shall no longer be in the business of
rating corporate debt obligations). 
 For purposes of the forgoing, if only one of Moody’s and S&P shall have in effect a rating, the Rating Level
Period shall be determined to be the Level 2 Period. 
 “Second Amendment” means the Second Amendment to this
Agreement, dated as of the Second Amendment Effective Date. 
 “Second Amendment Effective Date” means November 21,
2017. 
 “Second Repriced Term Loans” has the meaning assigned to such term in the Second Amendment. 

(a)    Clause (a) of the definition of “Applicable Rate” is hereby amended and restated in its entirety as
follows: 
 with respect to the Initial Term Loans, a percentage per annum which is applicable at such time by reference to
the then applicable Rating Level Period as set forth in the pricing schedule immediately below: 
  

							
	Applicable Rate
	 Eurocurrency Rate Loans

Level 2 Period
	 	Base Rate Loans
Level 2 Period	 	Eurocurrency Rate Loans
Level 1 Period	 	Base Rate Loans
Level 1 Period
	2.25%	 	1.25%	 	2.00%	 	1.00%

 Each change in the Applicable Rate resulting from a Rating Level Change shall be effective commencing on the
effective date of such Rating Level Change. 
 (b)    The definition of “Initial Term Commitment” is hereby
amended and restated in its entirety as follows: 
 “Initial Term Commitment” means, as to each Term Lender, its
obligation: (i) prior to the First Amendment Effective Date, to make an Initial Term Loan to the Borrower pursuant to Section 2.01(a) on the Closing Date in an aggregate amount not to exceed the amount set forth
opposite such Term Lender’s name in Schedule 1.01A under the caption “Initial Term Commitment” or in the Assignment and Assumption pursuant to which such Term Lender becomes a party hereto, as

  
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applicable, as such amount may be adjusted from time to time in accordance with this Agreement (including Section 2.14), (ii) on or after the First Amendment Effective
Date but prior to the Second Amendment Effective Date, (a) to continue its Existing Term Loans (as defined in the First Amendment) as a Repriced Term Loan or (b) to make a Repriced Term Loan in the amount provided for in the First
Amendment or in the Assignment and Assumption pursuant to which such Term Lender becomes a party hereto, as applicable, as such amount may be adjusted from time to time in accordance with this Agreement (including
Section 2.14) or (iii) on or after the Second Amendment Effective Date, (a) to continue its Existing Term Loans (as defined in the Second Amendment) as a Second Repriced Term Loan or (b) to make a Second
Repriced Term Loan in the amount provided for in the Second Amendment or in the Assignment and Assumption pursuant to which such Term Lender becomes a party hereto, as applicable, as such amount may be adjusted from time to time in accordance with
this Agreement (including Section 2.14). The aggregate amount of the Initial Term Commitments on, and after giving effect to, the Second Amendment Effective Date is $1,287,024,375.00. 

(c)    The definition of “Initial Term Loans” is hereby amended and restated in its entirety as follows: 

“Initial Term Loans” means (i) prior to the First Amendment Effective Date, the term loans made by the Lenders on the
Closing Date to the Borrower pursuant to Section 2.01(a),(ii) on and after the First Amendment Effective Date but prior to the Second Amendment Effective Date, any Repriced Term Loans made or continued pursuant to the First
Amendment or (iii) on and after the Second Amendment Effective Date, any Second Repriced Term Loans made or continued pursuant to the Second Amendment. 

(d)    The definition of “Responsible Officer” is hereby amended by replacing the phrase “any document
delivered on the Closing Date or the First Amendment Effective Date” where used therein with the phrase “any document delivered on the Closing Date, the First Amendment Effective Date or the Second Amendment Effective Date”. 

SECTION 3.    Amendments to Article II of the Credit Agreement. 

(a)    Section 2.01(a) of the Credit Agreement is hereby amended as of the Second Amendment Effective Date by
adding the following sentence at the end of Section 2.01(a): 
 “Following the making or continuation
thereof, as applicable, on the Second Amendment Effective Date, the Second Repriced Term Loans shall constitute Initial Term Loans and Term Loans, as applicable, in all respects.” 

(b)    Section 2.05(a)(iv) of the Credit Agreement is hereby amended as of the Second Amendment Effective Date by
replacing the phrase “six months after the First Amendment Effective Date” in each place where used therein with the phrase “six months after the Second Amendment Effective Date”. 

  
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 (c)    Section 2.06(b) of the Credit Agreement is hereby amended as
of the Second Amendment Effective Date by replacing the phrase “the Closing Date or the First Amendment Effective Date, as applicable” where used therein with the phrase “the Closing Date, the First Amendment Effective Date or the
Second Amendment Effective Date, as applicable”. 
 (d)    Clause (i) of
Section 2.07(a) of the Credit Agreement is hereby amended and restated as of the Second Amendment Effective Date in its entirety as follows: 

“on the last Business Day of each March, June, September and December, commencing with the first quarter after the Second Amendment
Effective Date, an aggregate principal amount equal to 0.25% of the aggregate principal amount of all Initial Term Loans outstanding on the Second Amendment Effective Date (which payments shall be reduced as a result of the application of
prepayments in accordance with the order of priority set forth in Section 2.05) and”. 

(e)    Clause (iii) of Section 2.14(e) of the Credit Agreement is hereby amended
and restated as of the Second Amendment Effective Date in its entirety as follows: 
 “the amortization schedule applicable to any
Incremental Loans and the Effective Yield applicable to the Incremental Term Loans of each Class shall be determined by the Borrower and the applicable Incremental Lenders and shall be set forth in each applicable Incremental Amendment;
provided, however, that the Effective Yield applicable thereto (as determined on the date of initial incurrence thereof) may not be more than 0.50% higher than the Effective Yield applicable to the Initial Term Loans (as determined on such
date) unless the Applicable Rate with respect to the Initial Term Loans is adjusted to be equal to such Effective Yield with respect to such Incremental Term Loans, minus, 0.50%.”. 

SECTION 4.    Second Repriced Term Loans. 

(a)    Subject to the terms and conditions set forth herein (i) each Continuing Term Lender agrees to continue all
(or such lesser amount as notified to such Lender by the Administrative Agent prior to the Second Amendment Effective Date) of its Existing Term Loans as a Second Repriced Term Loan on the Second Amendment Effective Date in a principal amount equal
to such Continuing Term Lender’s Repriced Term Commitment (as defined below); and (ii) each Additional Term Lender agrees to make a Second Repriced Term Loan on such date to the Borrower in a principal amount equal to such Additional Term
Lender’s Repriced Term Commitment. For purposes hereof, a Person shall become a party to the Credit Agreement as amended hereby and a Repriced Term Lender as of the Second Amendment Effective Date by executing and delivering to the
Administrative Agent, on or prior to the Second Amendment Effective Date, a Lender Addendum (Additional Term Lender) in its capacity as a Repriced Term Lender. For the avoidance of doubt, the Existing Term Loans of a Continuing Term Lender must be
continued in whole and may not be continued in part unless approved by the Administrative Agent. 
 (b)     Each
Additional Term Lender will make its Second Repriced Term Loan on the Second Amendment Effective Date by making available to the Administrative Agent, in the 

  
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manner contemplated by Section 2.02 of the Credit Agreement, an amount equal to its Repriced Term Commitment. The “Repriced Term Commitment” (i) of any
Continuing Term Lender will be the amount of its Existing Term Loans as set forth in the Register as of the Second Amendment Effective Date (or such lesser amount as notified to such Lender by the Administrative Agent prior to the Second Amendment
Effective Date), which shall be continued as an equal amount of Second Repriced Term Loans, and (ii) of any Additional Term Lender will be such amount (not exceeding any commitment offered by such Additional Term Lender) allocated to it by the
Administrative Agent and notified to it on or prior to the Second Amendment Effective Date. The commitments of the Additional Term Lenders and the continuation undertakings of the Continuing Term Lenders are several, and no such Lender will be
responsible for any other such Lender’s failure to make or acquire by continuation its Second Repriced Term Loan. The Second Repriced Term Loans may from time to time be Base Rate Loans or Eurocurrency Rate Loans, as determined by the Borrower
and notified to the Administrative Agent as contemplated by Section 2.02 of the Credit Agreement. The Lenders having Existing Term Loans that are prepaid in connection with the making of the Second Repriced Term Loans shall
be entitled to the benefits of Section 3.05 of the Credit Agreement with respect thereto. The Continuing Term Lenders hereby waive the benefits of Section 3.05 of the Credit Agreement with respect
to the continuation of the Continued Term Loans pursuant to this Agreement. 
 (c)    The obligation of each Repriced
Term Lender to make or acquire by continuation Second Repriced Term Loans on the Second Amendment Effective Date is subject to the satisfaction of the conditions set forth in Section 5 of this Amendment. 

(d)    On and after the Second Amendment Effective Date, each reference in the Credit Agreement to “Initial Term
Loans” shall be deemed a reference to the Second Repriced Term Loans contemplated hereby, except as the context may otherwise require. Notwithstanding the foregoing (but except as set forth in Section 4(b) above), the
provisions of the Credit Agreement with respect to indemnification, reimbursement of costs and expenses, increased costs and break funding payments shall continue in full force and effect with respect to, and for the benefit of, each Existing Term
Lender in respect of such Lender’s Existing Term Loans to the same extent expressly set forth therein. 

(e)    The continuation of Continued Term Loans may be implemented pursuant to other procedures specified by the
Administrative Agent, including by repayment of Continued Term Loans of a Continuing Term Lender followed by a subsequent assignment to it of Second Repriced Term Loans in the same amount. 

(f)    For the avoidance of doubt, the Lenders hereby acknowledge and agree that, at the sole option of the
Administrative Agent, any Lender with Existing Term Loans that are prepaid as contemplated hereby shall, automatically upon receipt of the amount necessary to purchase such Lender’s Existing Term Loans so replaced, at par, and pay all accrued
interest thereon, be deemed to have assigned such Loans pursuant to a form of Assignment and Assumption and, accordingly, no other action by the Lenders, the Administrative Agent or the Loan Parties shall be required in connection therewith. The
Lenders hereby agree to waive the notice requirements of Sections 2.05(a)(i) of the Credit Agreement in connection with the prepayment or replacement of Existing Term Loans contemplated hereby. 

  
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 SECTION 5.    Effectiveness. The effectiveness of this Amendment and
the obligations of each Repriced Term Lender hereunder are subject to the satisfaction of the following conditions precedent, except as otherwise agreed between the Borrower and the Administrative Agent (the day on which such conditions are
satisfied or waived is herein referred to as the “Second Amendment Effective Date”): 
 (a)    The
Administrative Agent’s receipt of the following, each of which shall be originals or .pdf copies or other facsimiles (followed promptly by originals) unless otherwise specified, each properly executed by a Responsible Officer of the signing
Loan Party each in form and substance reasonably satisfactory to the Administrative Agent and its legal counsel: 

(i)    executed counterparts of this Amendment; 

(ii)    executed Lender Addenda by the Continuing Lenders and the Additional Term Lenders; 

(iii)    such certificates of good standing (to the extent such concept exists) from the applicable
secretary of state of the state of organization of each Loan Party, certificates of resolutions or other action, incumbency certificates and/or other certificates of Responsible Officers of each Loan Party (including a certificate attaching the
Organization Documents of each Loan Party) as the Administrative Agent may reasonably require evidencing the identity, authority and capacity of each Responsible Officer thereof authorized to act as a Responsible Officer in connection with this
Amendment; 
 (iv)    an opinion from Fried, Frank, Harris, Shriver & Jacobson LLP, New York
counsel to the Loan Parties; and 
 (v)    a solvency certificate from the chief financial officer, chief
accounting officer or other officer with equivalent duties of the Borrower (after giving effect to the Repricing Term Loans) substantially in the form delivered on the Closing Date. 

(b)    All fees and expenses due to the Administrative Agent required to be paid on the Second Amendment Effective Date
shall have been paid. 
 (c)    The Administrative Agent shall have received at least three Business Days prior to the
Second Amendment Effective Date all documentation and other information about the Borrower and the Guarantors required under applicable “know your customer” and anti-money laundering rules and regulations, including the USA PATRIOT Act
that has been requested by the Administrative Agent in writing at least 10 days prior to the Second Amendment Effective Date. 

(d)    The conditions set forth in Section 4.02 of the Credit Agreement shall have been satisfied as of the Second
Amendment Effective Date and the Administrative Agent shall have received a certificate, dated the Second Amendment Effective Date and signed by a Responsible Officer of the Borrower, confirming satisfaction of the conditions set forth in
Sections 4.02(i) and 4.02(ii) of the Credit Agreement. 

  
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 Without limiting the generality of the provisions of Section 9.03(b) of the Credit
Agreement for purposes of determining compliance with the conditions specified in this Section 5, each Repriced Term Lender that has signed a Lender Addendum shall be deemed to have consented to, approved or accepted or to
be satisfied with, each document or other matter required thereunder to be consented to or approved by or acceptable or satisfactory to a Lender unless the Administrative Agent shall have received notice from such Repriced Term Lender prior to the
proposed Second Amendment Effective Date specifying its objection thereto. 
 Notwithstanding any other provisions of this Amendment to the contrary, the
Administrative Agent may appoint a fronting lender to act as the sole Additional Term Lender for purposes of facilitating funding on the Second Amendment Effective Date. Accordingly, any Lender Addendum (Additional Term Lender) submitted by or on
behalf of an Additional Term Lender other than such fronting lender will be deemed ineffective unless accepted by the Administrative Agent in its sole discretion. 

SECTION 6.    Representations and Warranties. The Borrower and each Subsidiary Guarantor hereby represents and
warrants to each of the Lenders and the Administrative Agent that as of the Second Amendment Effective Date: 

6.1.     This Amendment has been duly authorized, executed and delivered by each Loan Party that is a party hereto. This
Amendment, the Credit Agreement, as amended hereby, and each other Loan Document constitutes a legal, valid and binding obligation of such Loan Party, enforceable against such Loan Party that is a party thereto in accordance with its terms, except
as such enforceability may be limited by Debtor Relief Laws and by general principles of equity. 
 6.2.    The
execution, delivery and performance by each Loan Party of this Amendment, and the consummation of the transactions contemplated hereby, (a) are within such Loan Party’s corporate or other powers, (b) have been duly authorized by all
necessary corporate or other organizational action, and (c) do not (i) contravene the terms of any of such Person’s Organization Documents, (ii) conflict with or result in any breach or contravention of, or the creation of any
Lien under, or require any payment to be made under (x) any Contractual Obligation to which such Person is a party or affecting such Person or the properties of such Person or any of its Subsidiaries or (y) any material order, injunction,
writ or decree of any Governmental Authority or any arbitral award to which such Person or its property is subject, or (iii) violate any applicable Law; except with respect to any conflict, breach, contravention or payment (but not creation of
Liens) referred to in clause (c)(ii)(x), to the extent that such violation, conflict, breach, contravention or payment could not reasonably be expected to have a Material Adverse Effect. 

6.3.     Each of the representations and warranties of each Loan Party set forth in Article V of the Credit
Agreement and each other Loan Document are true and correct in all material respects (except that any representation and warranty that is qualified as to “materiality” or “Material Adverse Effect” shall be true and correct in all
respects as so qualified) on and as of the Second Amendment Effective Date with the same effect as though made on and as of such date, except to the extent such representations and warranties expressly relate to an earlier date, in which case they
are true and correct in all material respects as of such earlier date.  

  
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 SECTION 7.    Effect of Amendment. 

7.1.     Except as expressly set forth herein, this Amendment shall not by implication or otherwise limit, impair,
constitute a waiver of or otherwise affect the rights and remedies of the Lenders or the Administrative Agent under the Credit Agreement or any other Loan Document, and shall not alter, modify, amend or in any way affect any of the terms,
conditions, obligations, covenants or agreements contained in the Credit Agreement or any other provision of the Credit Agreement or of any other Loan Document, all of which are ratified and affirmed in all respects and shall continue in full force
and effect. Nothing herein shall be deemed to entitle the Borrower to a consent to, or a waiver, amendment, modification or other change of, any of the terms, conditions, obligations, covenants or agreements contained in the Credit Agreement or any
other Loan Document in similar or different circumstances. 
 7.2.     On and after the Second Amendment Effective
Date, each reference in the Credit Agreement to “this Agreement”, “hereunder”, “hereof”, “herein”, or words of like import, and each reference to the Credit Agreement in any other Loan Document shall be deemed
a reference to the Credit Agreement as amended hereby. This Amendment shall constitute a “Loan Document” for all purposes of the Credit Agreement and the other Loan Documents. 

7.3.    Except as expressly provided herein or in the Credit Agreement, the Refinancing Term Facility shall be subject to
the terms and provisions of the Credit Agreement and the other Loan Documents. 
 SECTION 8.    Acknowledgement and
Consent. Each Loan Party hereby confirms that (i) all of its obligations, liabilities and indebtedness under the Loan Documents to which it is a party shall remain in full force and effect on a continuous basis regardless of the
effectiveness of this Amendment and (ii) all of the Liens and security interests created and arising under the Loan Documents to which it is a party remain in full force and effect on a continuous basis, and the perfected status and priority of
each such Lien and security interest continues in full force and effect on a continuous basis, unimpaired, uninterrupted and undischarged, regardless of the effectiveness of this Amendment, as collateral security for its obligations, liabilities and
indebtedness under the Credit Agreement as amended by this Amendment and related guarantees. 
 SECTION
9.    General. 
 9.1.     GOVERNING LAW. THIS AMENDMENT SHALL BE GOVERNED BY, AND
CONSTRUED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK. 
 9.2.     Costs and Expenses. The Borrower
agrees to pay or reimburse the Administrative Agent, the Collateral Agent and the Lead Arrangers for all reasonable and documented out-of-pocket costs and expenses
incurred in connection with the preparation, negotiation, syndication and execution of this Amendment and the consummation and administration of the transactions contemplated hereby (including all Attorney Costs of Skadden,

  
 9 

 
Arps, Slate, Meagher & Flom LLP), in each case to the extent such payment or reimbursement would be required by Section 10.04 of the Credit Agreement. 

9.3.     Counterparts. This Amendment may be executed in one or more counterparts, each of which shall be deemed
an original, but all of which together shall constitute one and the same instrument. Delivery by telecopier or other electronic transmission of an executed counterpart of a signature page to this Amendment shall be effective as delivery of an
original executed counterpart of this Amendment. 
 9.4.    Headings. The headings of this Amendment are used
for convenience of reference only, are not part of this Amendment and shall not affect the construction of, or be taken into consideration in interpreting, this Amendment. 

[remainder of page intentionally left blank] 

  
 10 

 IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed and
delivered by their respective duly authorized officers as of the day and year first above written. 
  

			
	ESH HOSPITALITY, INC., as Borrower
		
	By:	 	 /s/ Jonathan S. Halkyard

		 	Name: Jonathan S. Halkyard
		 	Title: Chief Financial Officer
	
	SUBSIDIARY GUARANTORS:
	
	 CP ESH INVESTORS, LLC
 EXTENDED STAY
LLC
 ESH H PORTFOLIO LLC
 ESH SPARTANBURG GROUND LESSEE LLC

ESH ACQUISITIONS HOLDINGS LLC
 ESH ACQUISITIONS LLC

ESA ADMINISTRATOR LLC

		
	By:	 	 /s/ Jonathan S. Halkyard

		 	Name: Jonathan S. Halkyard
		 	Title: Vice President & Treasurer

 [Signature Page to Amendment No. 2] 

 
			
	 DEUTSCHE BANK AG NEW YORK BRANCH,

    as Administrative Agent

		
	By:	 	 /s/ Dusan Lazarov

		 	Name: Dusan Lazarov
		 	Title: Director
		
	By:	 	 /s/ Anca Trifan

		 	Name: Anca Trifan
		 	Title: Managing Director

 [Signature Page to Amendment No. 2] 

 LENDER ADDENDUM (CASHLESS ROLL) TO 

THE AMENDMENT OF THE 
 CREDIT
AGREEMENT 
 DATED AS OF AUGUST 30, 2016 

This Lender Addendum (Cashless Roll) (this “Lender Addendum”) is referred to in, and is a signature page to, the Second
Amendment (the “Amendment”) to the Credit Agreement, dated as of August 30, 2016 (as amended, supplemented or otherwise modified from time to time, the “Credit Agreement”), among ESH Hospitality, Inc. (the
“Borrower”), the other Guarantors party thereto from time to time, the lenders party thereto from time to time (the “Lenders”) and Deutsche Bank AG New York Branch, as administrative agent (in such capacity, the
“Administrative Agent”), collateral agent and L/C Issuer. Capitalized terms used but not defined in this Lender Addendum have the meanings assigned to such terms in the Amendment or the Credit Agreement, as applicable. 

By executing this Lender Addendum as a Continuing Term Lender, the undersigned institution agrees (A) to the terms of the Amendment and
the Credit Agreement as amended thereby and (B) on the terms and subject to the conditions set forth in the Amendment and the Credit Agreement as amended thereby, to continue its Existing Term Loans as Second Repriced Term Loans pursuant to a
cashless roll on the Second Amendment Effective Date in the amount of its Repriced Term Commitment. 
  

			
	Name of Institution:	  	  

  

					
	
Executing as a Continuing Term Lender:
	  	
	 	 	
	 By:
	 	  
	  	
	 	 	 Name:
	  	
	 	 	 Title:
	  	
	 	
	
For any institution requiring a second signature line:
	  	
	 	 	
	 By:
	 	  
	  	
	 	 	 Name:
	  	
	 	 	 Title:
	  	

 LENDER ADDENDUM (ADDITIONAL TERM LENDER) TO THE 

AMENDMENT OF THE 
 CREDIT AGREEMENT

 DATED AS OF AUGUST 30, 2016 

This Lender Addendum (Additional Term Lender) (this “Lender Addendum”) is referred to in, and is a signature page to, the
Second Amendment (the “Amendment”) to the Credit Agreement, dated as of August 30, 2016 (as amended, supplemented or otherwise modified from time to time, the “Credit Agreement”), among ESH Hospitality, Inc.
(the “Borrower”), the other Guarantors party thereto from time to time, the lenders party thereto from time to time (the “Lenders”) and Deutsche Bank AG New York Branch, as administrative agent (in such capacity,
the “Administrative Agent”), collateral agent and L/C Issuer. Capitalized terms used but not defined in this Lender Addendum have the meanings assigned to such terms in the Amendment or the Credit Agreement, as applicable. 

By executing this Lender Addendum as an Additional Term Lender, the undersigned institution agrees (A) to the terms of the Amendment and
the Credit Agreement as amended thereby, (B) on the terms and subject to the conditions set forth in the Amendment and the Credit Agreement as amended thereby, to make and fund Second Repriced Term Loans on the Second Amendment Effective Date
in the amount of such Additional Term Lender’s Repriced Term Commitment and (C) that on the Second Amendment Effective Date it is subject to, and bound by, the terms and conditions of the Credit Agreement and other Loan Documents as a
Lender thereunder. 
  

			
	Name of Institution:	  	  

  

					
	
Executing as an Additional Term Lender:
	  	
	 	 	
	 By:
	 	  
	  	
	 	 	 Name:
	  	
	 	 	 Title:
	  	
	 	
	
For any institution requiring a second signature line:
	  	
	 	 	
	 By:
	 	  
	  	
	 	 	 Name:
	  	
	 	 	 Title:

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