Document:

Exhibit

AMENDMENT NO. 4 TO LOAN, GUARANTY AND SECURITY AGREEMENT
This Amendment No. 4 to Loan, Guaranty and Security Agreement (this “Amendment”) is entered into as of this 25 day of June, 2020, by and among Cinedigm Corp. (“Borrower”), the other Loan Parties set forth on the signature pages hereto (together with Borrower, collectively “Loan Parties”) and East West Bank (“Lender”).
RECITALS
WHEREAS, Loan Parties and Lender are parties to that certain Loan, Guaranty and Security Agreement dated as of March 30, 2018 (as amended, restated, supplemented or otherwise modified from time to time, the “Loan Agreement”) pursuant to which Lender provides Borrower with certain financial accommodations.

WHEREAS, the Borrower has requested and Lender has agreed to waive certain provisions of the Loan Agreement and amend the Loan Agreement as provided herein, in each case, subject to the terms and conditions of this Amendment.
AGREEMENT
NOW, THEREFORE, in consideration of the continued performance by each of the parties hereto of their respective promises and obligations under the Loan Agreement and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto hereby agree as follows:
1.Definitions.  All capitalized terms not otherwise defined herein shall have the meanings given to them in the Loan Agreement.
2.Waiver.  Effective upon the Fourth Amendment Effective Date (as defined in Section 4 below), Lender hereby waives any and all Events of Default (a) under Section 9.1(a) and Section 11.2(b) of the Loan Agreement arising from a failure to deliver company prepared consolidated and consolidating financial statements of Borrower and its consolidated Subsidiaries for the fiscal year ending on 3/31/20 and on 4/30/2020 and (b) under Section 9.1(b) (i) and Section 11.2(b) of the Loan Agreement for months ending 7/31/19, 8/31/19, 9/30/19, 10/31/19, 11/30/19, 12/31/19, 1/31/20, 2/29/20, and 3/31/20 arising from a failure to deliver full borrowing base packages including screen shots as required, (ii) failure to timely deliver backup documentation of 5/31/20, and (iii) failure to deliver Borrowing Base Certificates on 4/17/20 and 5/17/20.  Borrower and the other Loan Parties hereby acknowledge and agree that the foregoing waiver is limited specifically to the matters expressly set forth herein and does not constitute, directly or indirectly or by implication, a waiver of any other provision of the Loan Agreement or any other document executed in connection therewith or of any other default or Event Of Default which may have occurred under such documents.  Except as expressly set forth herein, this waiver shall in no way be construed to waive or be an estoppel to any past, current or future violations of the Agreement.
1.Amendments to Loan Agreement.  Subject to satisfaction of the conditions precedent set forth in Section 4 below, the Loan Agreement is hereby amended as follows:
Section 4.4 will be amended and restated in its entirety as follows:

“4.4  Collection Account.  Borrower shall maintain deposit account number [    ] with the Bank (the “Collection Account”).  Promptly after the Closing Date, the Borrower shall cause each Loan Party to (a) instruct all payments with respect to Accounts due to such Loan Party to made directly to the Collection Account and (b) use commercially reasonable efforts to cause all such payments to be made by the relevant Account debtors directly to the Collection Account (and if any such payments are received other than through a direct payment to the Collection Account, Cinedigm shall cause such payment to be transferred to the Collection Account within two Business Days of receipt).  Unless an Event of Default has occurred and is continuing, at 5:00 PM Pacific time each Business Day, if any Obligations remain outstanding, the Bank shall apply all amounts then on deposit in the Collection Account to the payment of such Obligations as Borrower specifies.  Upon the occurrence and during the continuance of an Event of Default, all amounts in the Collection Account shall, in Bank’s sole discretion, be applied to the payment of any Obligations, whether then due or not, in such order or at such time of application as Bank may determine in its sole discretion and no amounts shall be swept to other accounts unless the Bank agrees in writing to such a sweep in its sole discretion.  Except to the extent (but only to the extent) caused by the Bank’s gross negligence or willful misconduct, Bank shall not be liable for any loss or damage which Borrower may suffer as a result of Bank’s processing of items or its exercise of any other rights or remedies under this Agreement, including without limitation indirect, special or consequential damages, loss of revenues or profits, or any claim, demand or action by any third party arising out of or in connection with the processing of items or the exercise of any other rights or remedies under this Agreement.  Borrower shall indemnify and hold Bank harmless from and against all such third party claims, demands or actions, and all related expenses or liabilities, including, without limitation, attorney’s fees and including claims, damages, fines, expenses, liabilities or causes of action of whatever kind resulting from Bank’s own negligence except to the extent (but only to the extent) caused by Bank’s gross negligence or willful misconduct.”
Section 9.1(b) will be amended and restated in its entirety as follows:
“(b)     Borrower shall deliver to Bank a Borrowing Base Certificate signed by a Responsible Officer in substantially the form of Exhibit D hereto, not later than (i) the twentieth (20th) day of each calendar month, which Borrowing Base Certificate shall set forth information as of the end of the immediately preceding month and (ii) the last day of each calendar month, which Borrowing Base Certificate shall set forth information as of the end of the immediately preceding month except that information with respect to each Eligible Digital Transactional Receivable having a balance in excess of $100,000 for which Borrower has updated information shall be updated as of the close of business on the Friday immediately preceding the date of such Borrowing Base Certificate, in each case together with aged listings by invoice date of accounts receivable and accounts payable and any evidence or indication (including screenshots) of payments to be made during the immediately succeeding calendar month.  For the avoidance of doubt, the parties recognize that the Loan Parties do not generally receive updated information regarding Eligible Digital Transactional Receivables from Pluto, Inc. or Roku, Inc. other than at the end of each calendar month.”
Exhibit A to the Loan Agreement shall be amended to amend and restate the following definition in its entirety:
“Revolving Maturity Date” means June 30, 2021.
Exhibit G shall be amended and restated in its entirety in the form attached hereto as Exhibit G. 
2.Conditions Precedent to Effectiveness. This Amendment shall become effective upon the satisfaction of each of the following conditions (such date the “Fourth Amendment Effective Date”):
(a)     Lender’s receipt of this Amendment duly executed on behalf of each Loan Party; 
(b)    Lender’s receipt of any and all outstanding fees and expenses of Lender (to include without limitation, all fees and expenses of counsel to Lender) due to Lender from the Borrower pursuant to Section 2.6 of the Loan Agreement; 
(c)    Lender’s receipt of such other documents or certificates, and completion of such other matters, as Bank may reasonably deem necessary or appropriate; and 
(d)    the absence of any defaults or Events of Default, except with respect to those herein waived to the extent expressly waived herein.
3.Representations, Warranties and Covenants.  Each Loan Party hereby represents, warrants and agrees as follows:
(a)    This Amendment and the Loan Agreement, as amended hereby, constitute legal, valid and binding obligations of such Loan Party and are enforceable against such Loan Party in accordance with their respective terms, except as the enforceability thereof may be subject to or limited by bankruptcy, insolvency, reorganization, arrangement, moratorium or other similar laws relating to or affecting the rights of creditors generally.
(b)    Upon the effectiveness of this Amendment, such Loan Party hereby reaffirms all covenants, representations and warranties made in the Loan Agreement, as amended hereby and agrees that all such covenants, representations and warranties shall be deemed to have been remade as of Fourth Amendment Effective Date (except to the extent any such representation or warranty expressly relates only to an earlier and/or specified date, in which case such representation or warranty shall be true and correct in all material respects as of such earlier and/or specified date).
(c)    No Event of Default or event or condition that would, with any notice and/or lapse of time, constitute an Event of has occurred and is continuing or would exist after giving effect to this Amendment.
(d)    As of the date hereof, no Loan Party has any defense, counterclaim or offset with respect to the Loan Agreement or any other Loan Document.
4.Effect on the Loan Agreement.
(a)    Upon the effectiveness hereof, each reference in the Loan Agreement to “this Agreement,” “hereunder,” “hereof,” “herein” or words of like import shall mean and be a reference to the Loan Agreement as amended hereby.
(b)    Except as specifically provided herein, the Loan Agreement and all other Loan Documents, shall remain in full force and effect, and are hereby ratified and confirmed.
(c)    Except as specifically provided herein, the execution, delivery and effectiveness of this Amendment shall not operate as a waiver of any right, power or remedy of Lender, nor constitute a waiver of any provision of the Loan Agreement or any other Loan Documents.
5.Governing Law.  This Amendment shall be binding upon and inure to the benefit of the parties hereto and their respective successors and assigns and shall be governed by and construed in accordance with the laws of the State of California.
6.Release.  Borrower and each other Loan Party intends and agrees that this Amendment will be effective as a full, final and general release of and from all matters related to the Loan Agreement and/or any related documents as against Lender, and/or Lender’s predecessors-in-interest, predecessors, successors, representatives, parents, subsidiaries, affiliates, divisions, officers, directors, shareholders, agents, accountants, servants, employees and attorneys, (collectively, the “Lender Parties”), and any and all claims or defenses any such Loan Party may have with respect to the obligations under the Loan Agreement and/or any related documents and/or the negotiation, execution, and performance of, and any act or omission by the Lender Parties related thereto. Each Loan Party acknowledges and agrees that the Lender Parties have not made any oral representations contrary, or supplemental, to any written terms of this Amendment.  Each Loan Party, therefore, fully and forever releases, discharges, indemnifies and holds harmless the Lender Parties from any and all claims, demands, actions or causes of action that such Loan Party may, or might, have against the Lender Parties, whether known or unknown, foreseen or unforeseen, by reason of any damages or injuries whatever sustained by any Loan Party, and occasioned directly, or indirectly, by any act or omission of the Lender Parties arising out of or in connection with the Loan Agreement and/or any related documents from the beginning of time until the execution of this Amendment. In furtherance thereof, each Loan Party acknowledges that such Loan Party is familiar with, and that Loan Parties’ attorney(s) of record, if any, has advised Loan Parties of, California Civil Code §1542, which provides as follows:
“A general release does not extend to claims which the creditor does not know or suspect to exist in his or her favor at the time of execution of the release, which if known by him or her must have materially affected his or her settlement with the debtor.”
Each Loan Party expressly waives and releases any right or benefit which such Loan Party has or may in the future have under California Civil Code §1542 to the fullest extent that such rights or benefits may be lawfully waived and released.  
_CM_______  Loan Party initials
Further, each Loan Party acknowledges that such Loan Party may hereafter discover facts different from or in addition to those facts now known or believed by such Loan Party to be true with respect to any or all of the matters covered by this Amendment, and each Loan Party agrees that this Amendment will nevertheless be binding and remain in full and complete force and effect.
7.Headings.  Section headings in this Amendment are included herein for convenience of reference only and shall not constitute a part of this Amendment for any other purpose.
8.Counterparts; Electronic Transmission.  This Amendment may be executed by the parties hereto in one or more counterparts, each of which shall be deemed an original and all of which when taken together shall constitute one and the same agreement.  Any signature delivered by a party by facsimile or other electronic transmission shall be deemed to be an original signature hereto.

[Signature  Pages Follow]

IN WITNESS WHEREOF, this Amendment has been duly executed as of the day and year first written above.
LOAN PARTIES:

CINEDIGM CORP.

By__/s/ Christopher McGurk________ 
   Name: Christopher J. McGurk 
   Title:    Chairman & CEO

ADM CINEMA CORPORATION 
  
By__/s/ Gary Loffredo_____________ 
   Name: Gary Loffredo 
   Title:   General Counsel

VISTACHIARA PRODUCTIONS, INC. 
  
By__/s/ Gary Loffredo_____________ 
   Name: Gary Loffredo 
   Title:   General Counsel

VISTACHIARA ENTERTAINMENT, INC. 
  
By__/s/ Gary Loffredo_____________ 
   Name: Gary Loffredo 
   Title:   General Counsel

CINEDIGM ENTERTAINMENT CORP. 
  
By__/s/ Gary Loffredo_____________ 
   Name: Gary Loffredo 
   Title:   General Counsel

CINEDIGM ENTERTAINMENT HOLDINGS, LLC 
  
By__/s/ Gary Loffredo_____________ 
   Name: Gary Loffredo 
   Title:   General Counsel

CINEDIGM HOME ENTERTAINMENT, LLC 
  
By__/s/ Gary Loffredo_____________ 
   Name: Gary Loffredo 
   Title:   General Counsel

DOCURAMA, LLC 
  
By__/s/ Gary Loffredo_____________ 
   Name: Gary Loffredo 
   Title:   General Counsel

DOVE FAMILY CHANNEL, LLC 
  
By__/s/ Gary Loffredo_____________ 
   Name: Gary Loffredo 
   Title:   General Counsel

CINEDIGM OTT HOLDINGS, LLC 
 
 By__/s/ Gary Loffredo_____________ 
   Name: Gary Loffredo 
   Title:   General Counsel

CINEDIGM PRODUCTIONS, LLC 
 
 By__/s/ Gary Loffredo_____________ 
   Name: Gary Loffredo 
   Title:   General Counsel

COMIC BLITZ II LLC 
 
 By__/s/ Gary Loffredo_____________ 
   Name: Gary Loffredo 
   Title:   General Counsel

VIEWSTER, LLC
 
 By__/s/ Gary Loffredo_____________ 
   Name: Gary Loffredo 
   Title:   General Counsel

MATCHPOINT DIGITAL, LLC
 
 By__/s/ Gary Loffredo_____________ 
   Name: Gary Loffredo 
   Title:   General Counsel
CON TV, LLC
 
 By__/s/ Gary Loffredo_____________ 
   Name: Gary Loffredo 
   Title:   General Counsel

LENDER:
EAST WEST BANK
		
	By:
	 Robert Mostert     
Name: Robert Mostert 
Title:   Vice President

Exhibit G 
[Attached]

18004880.3
209604-10104

4835-0406-9057v.1Document

Exhibit 10.1

RPT REALTY, L.P.

___________________________________

SECOND AMENDMENT
Dated as of June 30, 2020

to the

NOTE PURCHASE AGREEMENT
Dated as of June 27, 2013

___________________________________

Re:     $37,000,000 3.75% Senior Guaranteed Notes, Series A, due June 27, 2021
           $41,500,000 4.12% Senior Guaranteed Notes, Series B, due June 27, 2023
           $31,500,000 4.27% Senior Guaranteed Notes, Series C, due June 27, 2025

SECOND AMENDMENT TO THE NOTE PURCHASE AGREEMENT

This Second Amendment dated as of June 30, 2020, (the or this “Second Amendment”) to the Note Purchase Agreement dated as of June 27, 2013 is between RPT Realty, L.P. (formerly known as Ramco-Gershenson Properties, L.P.), a Delaware limited partnership (the “Company”), and RPT Realty (formerly known as Ramco-Gershenson Properties Trust), a Maryland real estate investment trust (the “Trust”) and each of the institutions which is a signatory to this Second Amendment (collectively, the “Noteholders”).

RECITALS:

A.The Company, the Trust and each of the Purchasers listed on Schedule A to the Note Purchase Agreement (defined below) have heretofore entered into the Note Purchase Agreement dated as of June 27, 2013, as amended by the First Amendment dated as of December 21, 2017 (as amended, the “Note Purchase Agreement”).  The Company has heretofore issued (a) $37,000,000 aggregate principal amount of its 3.75% Senior Guaranteed Notes, Series A, due June 27, 2021 (the “Series A Notes”), (b) $41,500,000 aggregate principal amount of its 4.12% Senior Guaranteed Notes, Series B, due June 27, 2023 (the “Series B Notes”) and (c) $31,500,000 aggregate principal amount of its 4.27% Senior Guaranteed Notes, Series C, due June 27, 2025 (the “Series C Notes” and together with the Series A Notes and the Series B Notes, the “Notes”) pursuant to the Note Purchase Agreement. The Noteholders constitute the Required Holders as defined in the Note Purchase Agreement..

B.The Company and the Noteholders now desire to amend the Note Purchase Agreement in the respects, but only in the respects, hereinafter set forth.

C.Capitalized terms used herein shall have the respective meanings ascribed thereto in the Note Purchase Agreement unless herein defined or the context shall otherwise require.

D.All requirements of law have been fully complied with and all other acts and things necessary to make this Second Amendment a valid, legal and binding instrument according to its terms for the purposes herein expressed have been done or performed.

Now, therefore, upon the full and complete satisfaction of the conditions precedent to the effectiveness of this Second Amendment set forth in Section 3.1 hereof, and in consideration of good and valuable consideration the receipt and sufficiency of which is hereby acknowledged, the Company and the Noteholders do hereby agree as follows:

Section 1.           AMENDMENTS.

Section 1.1.     Section 9 – Affirmative Covenants.  Section 9 of the Note Purchase Agreement is hereby amended to insert a new Section 9.10 to read as follows: 

Section 9.10.   Specified Period Fee.  If, on the last day of any Specified Fiscal Quarter, the Unsecured Debt Ratio is less than 1.50 to 1.0, the Company shall pay a fee (the “Specified Period Fee”) to each holder in an amount equal 0.125% (12.5 bps) multiplied by the aggregate principal amount of Notes held by such holder, which fee shall be paid by the earlier of 5 Business Days following (a) the date on which the Company has delivered its officer certificate pursuant to Section 7.2 with respect to each such Specified Fiscal Quarter or (b) the date on which the Company was required to deliver its officer certificate pursuant to Section 7.2 with respect to each such Specified Fiscal Quarter, commencing with the Specified Fiscal Quarter ending June 30, 2020, provided, however, that for the avoidance of doubt, any payment of a Make-Whole Amount shall be calculated assuming that no Specified Period Fee applies to any Notes.

Section 1.2.     Section 10 – Negative Covenants.  Section 10 of the Note Purchase Agreement is hereby amended to insert a new Section 10.14 to read as follows: 

Section 10.14. Minimum Liquidity Amount.  At any time during the Specified Period, neither the Company nor the Trust will permit the Liquidity Amount to be less than $150,000,000.

Section 1.3.     Section 10.9 - Limitation on Unsecured Indebtedness.  Section 10.9 of the Note Purchase Agreement is hereby amended to read in its entirety as follows:

Section 10.9.   Limitation on Unsecured Indebtedness. Neither the Company nor the Trust will at any time permit the ratio of (i) Consolidated Total Unencumbered Asset Value to (ii) Unsecured Indebtedness of the Trust (the “Unsecured Debt Ratio”), the Company and their Subsidiaries to be less than (a) 1.25 to 1.0 during the Specified Period and (b) 1.50 to 1.00 at any other time.

Section 1.4.     The definition of “Unencumbered Real Estate” set forth in Schedule B of the Note Purchase Agreement is hereby amended by amending paragraph (e) set forth therein to read in its entirety as follows:

(e)      the Unencumbered Real Estate shall consist solely of Real Estate which has (A) an aggregate occupancy level of tenants (excluding the Company or any of its Affiliates) in possession (but not any tenant having under Lease 25,000 square feet or more on a holdover or month-to-month basis), operating, paying rent and which are not otherwise in default of at least eighty percent (80%) (or 0% during the Specified Period and 70% during each of the fiscal quarters ended December 31, 2021 and March 31, 2022) of the Net Rentable Area within such Unencumbered Real Estate for the previous fiscal quarter of the Company based on bona fide arm’s-length tenant Leases requiring current rental payments and which are in full force and effect (provided, however, with respect to the calculations set forth in this subsection (e)(A) the Net Rentable Area for any tenants which have more than 10,000 square feet under Lease and which have vacated their space shall be excluded from the total Net Rentable Area of the applicable Unencumbered Real Estate when making such calculation), and (B) an aggregate occupancy level of tenants (excluding the Company or any of its Affiliates) under Leases in such Unencumbered Real Estate (but not any tenant having under Lease 25,000 square feet or more on a holdover or month-to-month basis) which are paying rent and which are not in default of at least eighty-five percent (85%) (or 0% during the Specified Period and 70% during each of the fiscal quarters ended December 31, 2021 and March 31, 2022) of the Net Rentable Area within such Unencumbered Real Estate for the previous fiscal quarter of the Company based on bona fide arm’s-length tenant Leases requiring current rental payments and which are in full force and effect;

Section 1.5.     Schedule B of the Note Purchase Agreement is hereby amended by inserting the following additional definitions:

“Cash and Cash Equivalents” means (a) cash, (b) securities issued or directly and fully guaranteed or insured by the United States of America or any agency or instrumentally thereof (provided that the full faith and credit of the United States of America is pledged in support thereof) having maturities of not more than twelve months from the date of acquisition, (c) Dollar denominated time and demand deposits and certificates of deposit of (i) any Noteholder or any of its Affiliates; (ii) any domestic commercial bank having capital and surplus in excess of $500,000,000 or (iii) any bank whose short-term commercial paper rating from S&P Global Inc. and its successors (“S&P”) is at least A-2 or the equivalent thereof or from Moody’s Investors Service, Inc. and its successors (“Moody’s”) is at least P-2 or the equivalent thereof (any such bank being an “Approved Bank”), in each case with maturities of not more than one (1) year from the date of acquisition, (d) commercial paper and variable or fixed rate notes issued by any Approved Bank (or by the parent company thereof) or any variable rate notes issued by, or guaranteed by, any domestic corporation rated A-2 (or the equivalent thereof) or better by S&P or P-2 (or the equivalent thereof) or better by Moody’s and maturing within one (1) year of the date of acquisition, (e) repurchase agreements with a bank or trust company (including any of the Noteholders) or securities dealer having capital and surplus in excess of $500,000,000 for direct obligations issued by or fully guaranteed by the United States of America in which the Company or their Subsidiaries shall have a perfected first priority security interest (subject to no other Liens) and having, on the date of purchase thereof, a fair market value of at least 100% of the amount of the repurchase obligations and (f) Investments, classified in accordance with GAAP as current assets, in money market investment programs registered under the Investment Company Act of 1940, as amended, which are administered by financial institutions having capital of at least $500,000,000 and the portfolios of which are limited to investments of the character described in the foregoing subdivisions (a) through (e).

“Liquidity Amount” means, as of any date of determination, the sum of (a) the aggregate amount of Unrestricted Cash and Cash Equivalents held by the Company and the Trust on such date, plus (b) the aggregate principal amount that is available for borrowing under any Material Credit Facility; provided that the maturity of such Material Credit Facility is at least one year from such date of determination; minus (c) the aggregate principal amount of Indebtedness outstanding on such date of determination that is payable or required to be paid on or prior to the last day of the Specified Period, and minus (d) the aggregate amount of cash declared dividends and/or other cash distributions to be made during the Specified Period.

“Specified Fiscal Quarter” means each of the fiscal quarters of the Company ended June 30, 2020, September 30, 2020, December 31, 2020, March 31, 2021, June 30, 2021 and September 30, 2021.

“Specified Period” means the period from June 30, 2020 through and including September 30, 2021.

“Unrestricted Cash and Cash Equivalents” means, as of any date of determination, the sum of the aggregate amount of Cash and Cash Equivalents (valued at fair market value) which is Unrestricted. As used in this definition, “Unrestricted” means the specified asset is not subject to any escrow, cash trap, reserves, Liens (other Liens permitted under Section 10.5) or claims of any kind in favor of any Person.

Section 2.           REPRESENTATIONS AND WARRANTIES OF THE COMPANY AND THE TRUST.

Section 2.1.     To induce the Noteholders to execute and deliver this Second Amendment (which representations shall survive the execution and delivery of this Second Amendment), the Company and the Trust jointly and severally represent and warrant to the Noteholders that:

(a)      this Second Amendment has been duly authorized, executed and delivered by the Company and the Trust and this Second Amendment constitutes the legal, valid and binding obligation, contract and agreement of the Company and the Trust enforceable against each of them in accordance with its terms, except as enforcement may be limited by bankruptcy, insolvency, reorganization, moratorium or similar laws or equitable principles relating to or limiting creditors’ rights generally;

(b)      the Note Purchase Agreement, as amended by this Second Amendment, constitutes the legal, valid and binding obligation, contract and agreement of the Company and the Trust enforceable against each of them in accordance with their respective terms, except as enforcement may be limited by bankruptcy, insolvency, reorganization, moratorium or similar laws or equitable principles relating to or limiting creditors’ rights generally;

(c)      the execution, delivery and performance by the Company and the Trust of this Second Amendment (i) have been duly authorized by all requisite partnership or corporate action and, if required, shareholder action, (ii) do not require the consent or approval of any governmental or regulatory body or agency and (iii) will not (A) violate (1) any provision of law, statute, rule or regulation or the Company’s or the Trust’s other limited partnership agreement, trust agreement or charter documents, (2) any order of any court or any rule, regulation or order of any other agency or government binding upon the Company or the Trust or (3) any provision of any material indenture, agreement or other instrument to which either the Company or the Trust is a party or by which their properties or assets are or may be bound, or (B) result in a breach or constitute (alone or with due notice or lapse of time or both) a default under any indenture, agreement or other instrument referred to in clause (iii)(A)(3) of this Section 2.1(c);

(d)      as of the date hereof and after giving effect to this Second Amendment, no Default or Event of Default has occurred which is continuing; and

(e)      neither the Company, the Trust nor any of their Affiliates has paid or agreed to pay any fees or other consideration, or given any additional security or collateral, or shortened the maturity or average life of any Indebtedness or permanently reduced any borrowing capacity, in each case, in favor of or for the benefit of any creditor of the Company, the Trust any Subsidiary or any Affiliate, solely in consideration for the changes contemplated by or similar in nature to the changes in this Second Amendment other than the fees contemplated in Section 3.1(e) below and the equivalent fees paid to the holders pursuant to the agreements referenced in Section 3.1(b) below.

SECTION 3.           CONDITIONS TO EFFECTIVENESS OF THIS SECOND AMENDMENT.

Section 3.1.     This Second Amendment shall not become effective until, and shall become effective when, each and every one of the following conditions shall have been satisfied:

(a)      executed counterparts of this Second Amendment, duly executed by the Company, the Trust and the holders of at least 50% of the outstanding principal of the Notes, shall have been delivered to the holders of Notes;

(b)      the holders of Notes shall have received evidence satisfactory to them that each of the following shall have been amended in form and substance consistent with this Second Amendment: (i) the Note Purchase and Private Shelf Agreement dated as of May 28, 2014 among the Company, the Trust and each of the “Purchasers” listed in Schedule A thereto, (ii) the Note Purchase Agreement dated as of September 30, 2015 among the Company, the Trust and each of the “Purchasers” listed in Schedule A thereto, (iii) the Note Purchase Agreement dated as of August 19, 2016 among the Company, the Trust and each of the “Purchasers” listed in Schedule A thereto, (iv) the Note Purchase Agreement dated as of December 21, 2017 among the Company, the Trust and each of the “Purchasers” listed in Schedule A thereto and (v) the Note Purchase Agreement dated as of December 27, 2019 among the Company, the Trust and each of the “Purchasers” listed in Schedule A thereto;

(c)      the holders of Notes shall have received a copy of the resolutions of the Board of Trustees of the Trust authorizing the execution, delivery and performance by the Company and the Trust of this Second Amendment, certified by its Secretary or an Assistant Secretary; 

(d)      the recitals set forth above and the representations and warranties of the Company and the Trust set forth in Section 2 hereof are true and correct on and with respect to the date hereof; 

(e)      each holder of a Note shall have received an amendment fee in an amount equivalent to 0.10% of the outstanding principal amount of its Note; and

(f)      to the extent invoiced at least one (1) Business Day prior to the date hereof, the fees and expenses of Chapman and Cutler, LLP, counsel to the Noteholders, shall have been paid by the Company, in connection with the negotiation, preparation, approval, execution and delivery of this Second Amendment.

Upon receipt of all of the foregoing, this Second Amendment shall become effective.

SECTION 4.           CONFIRMATION OF SUBSIDIARY GUARANTIES.

Section 4.1.     By its execution of this Second Amendment, each Subsidiary Guarantor reaffirms its obligations under its Subsidiary Guaranty and acknowledges that it is aware of this Second Amendment and that its Subsidiary Guaranty remains in full force and effect and extends to all obligations of the Company under the Note Purchase Agreement as amended by this Second Amendment and as may be further amended, amended and restated, modified or supplemented from time to time.

SECTION 5.           MISCELLANEOUS.

Section 5.1.     This Second Amendment shall be construed in connection with and as part of the Note Purchase Agreement, and except as modified and expressly amended by this Second Amendment, all terms, conditions and covenants contained in the Note Purchase Agreement and the Notes are hereby ratified and shall be and remain in full force and effect.

Section 5.2.     Any and all notices, requests, certificates and other instruments executed and delivered after the execution and delivery of this Second Amendment may refer to the Note Purchase Agreement without making specific reference to this Second Amendment but nevertheless all such references shall include this Second Amendment unless the context otherwise requires.

Section 5.3.     The descriptive headings of the various Sections or parts of this Second Amendment are for convenience only and shall not affect the meaning or construction of any of the provisions hereof.

Section 5.4.     This Second Amendment shall be governed by and construed in accordance with New York law, excluding choice-of-law principles of the law of such State that would permit the application of the laws of a jurisdiction other than such State.

Section 5.5.     The execution hereof by you shall constitute a contract between us for the uses and purposes hereinabove set forth, and this Second Amendment may be executed in any number of counterparts, each executed counterpart constituting an original, but all together only one agreement.

[Rest of Page Intentionally Left Blank]

If you are in agreement with the foregoing, please sign the form of agreement on a counterpart of this Second Amendment and return it to the Company, whereupon this Agreement shall become a binding agreement among each of the undersigned.

RPT REALTY, L.P.

By: RPT Realty
Its:  General Partner

By: /s/ Michael Fitzmaurice
Name: Michael Fitzmaurice
Title: EVP, CFO

RPT REALTY 

By: /s/ Michael Fitzmaurice
Name: Michael Fitzmaurice
Title: EVP, CFO

RAMCO GATEWAY LLC, a Delaware limited liability company

By: /s/ Michael Fitzmaurice
Name: Michael Fitzmaurice
Title: EVP, CFO

RAMCO PARKWAY LLC, a Delaware limited liability company

By: /s/ Michael Fitzmaurice
Name: Michael Fitzmaurice
Title: EVP, CFO

CROFTON 450 LLC, a Delaware limited liability company

By: /s/ Michael Fitzmaurice
Name: Michael Fitzmaurice
Title: EVP, CFO

RAMCO WEBSTER PLACE LLC, a Delaware limited liability company

By: /s/ Michael Fitzmaurice
Name: Michael Fitzmaurice
Title: EVP, CFO

RAMCO CENTENNIAL SHOPS LLC, a Delaware limited liability company

By: /s/ Michael Fitzmaurice
Name: Michael Fitzmaurice
Title: EVP, CFO

MARKET PLACE 450 LLC, a Delaware limited liability company

By: /s/ Michael Fitzmaurice
Name: Michael Fitzmaurice
Title: EVP, CFO

RAMCO JACKSONVILLE LLC, a Delaware limited liability company

By: /s/ Michael Fitzmaurice
Name: Michael Fitzmaurice
Title: EVP, CFO

RAMCO LAKEHILLS LLC, a Delaware limited liability company

By: /s/ Michael Fitzmaurice
Name: Michael Fitzmaurice
Title: EVP, CFO

SPRING MEADOWS LLC, a Delaware limited liability company

By: /s/ Michael Fitzmaurice
Name: Michael Fitzmaurice
Title: EVP, CFO

RPT WEST OAKS II LLC, a Delaware limited liability company

By: /s/ Michael Fitzmaurice
Name: Michael Fitzmaurice
Title: EVP, CFO

Accepted and Agreed to on the date first written above:

EQUITABLE FINANCIAL LIFE INSURANCE COMPANY (f/k/a AXA Equitable Life Insurance Company)

By: /s/ Amy Judd
Name: Amy Judd
Title: Investment Officer

Accepted and Agreed to on the date first written above:

MINNESOTA LIFE INSURANCE COMPANY
FARM BUREAU LIFE INSURANCE COMPANY OF MICHIGAN
AMERICAN REPUBLIC INSURANCE COMPANY
FARM BUREAU GENERAL INSURANCE COMPANY OF MICHIGAN
FARM BUREAU MUTUAL INSURANCE COMPANY OF MICHIGAN
CATHOLIC UNITED FINANCIAL
GREAT WESTERN INSURANCE COMPANY

By: Securian Asset Management, Inc.

By: /s/ Robin J. Lenarz
Name: Robin J. Lenarz
Title: Vice President

Accepted and Agreed to on the date first written above:

ATHENE ANNUITY AND LIFE COMPANY

By: Apollo Insurance Solutions Group LP, its investment advisor
By: Apollo Capital Management, L.P., its sub adviser
By: Apollo Capital Management GP, LLC, its General Partner

By: /s/ Joseph D. Glatt
Name: Joseph D. Glatt
Title: Vice President

Accepted and Agreed to on the date first written above:

KNIGHTS OF COLUMBUS

By: /s/ Sarah Capozzo
Name: Sarah Capozzo
Title: Manager of Alternative Investments

Accepted and Agreed to on the date first written above:

AMERICAN FAMILY LIFE INSURANCE COMPANY

By: /s/ David L. Voge
Name: David L. Voge
Title: Director-Private Placements

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00311-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00311-of-00352.parquet"}]]