Document:

exv10w18

Exhibit 10.18

AMENDMENT NO. 1

TO

MASTER REPURCHASE AGREEMENT

     Amendment
No. 1 (this “Amendment”) dated as of January 26, 2012 to the Master Repurchase
Agreement dated as of April 12, 2011 (the “Agreement”) between Jefferies & Company, Inc. (“Party A”)
and Provident Mortgage Capital Associates, Inc. (“Party B”).

     In consideration of the mutual agreements contained in this Amendment, the parties hereto
hereby agree as follows:

1. Amendments. Sections 4(a)(v) and (vi) of Annex I to the Agreement are hereby amended
and restated in their entirety as follows:

	 	(v)	 	Party B’s shareholders’ equity (as determined in accordance with international
accounting standards or generally accepted accounting principles in the United
States) is less than USD $100,000,000, or
	 
	 	(vi)	 	Party B fails to raise at least USD $100,000,000 in its initial public
offering of securities.

2. Representations. Party B represents to Party A that all representations and
warranties with respect to Party B set forth in Paragraph 10 of the Agreement and Section 3 of Annex I to the
Agreement are true and accurate as of the date of this Amendment and that such representations are
deemed to be given or repeated, as the case may be, by Party B on the date of this Amendment.

3. Miscellaneous. Except as expressly set forth herein, all terms and conditions of the
Agreement will continue in full force and effect. This Amendment may be signed in any number of
counterparts with the same effect as if the signatures to each counterpart were upon a single
instrument, and all such counterparts together shall be deemed an original of this Amendment.

     IN WITNESS WHEREOF, the parties have executed this Amendment as of the date hereof.

	 	 	 	 	 	 	 	 
	JEFFERIES & COMPANY, INC.	 	PROVIDENT MORTGAGE CAPITAL
	 	 	 	 	ASSOCIATES, INC.
	 
	 	 	 	 	 	 	 
	By:

	 	/s/ Charles J. Hendrickson
	 	By:
	 	/s/ Mark E. Lefanowicz	 
	 

	 	 
	 	 	 	 	 
	Name:

	 	Charles J. Hendrickson
	 	Name:
	 	Mark E. Lefanowicz	 
	Title:

	 	Managing Director/Treasurer
	 	Title:
	 	CEO & President	 
	 

	 	Jefferies & Company, Inc.exv10w19

Exhibit 10.19

AMENDMENT

dated as of January 26, 2012

to the

MASTER REPURCHASE AGREEMENT

dated as
of May 9, 2011

between

	 	 	 	 	 

	Barclays Capital Inc.
	 	and
	 	Provident Mortgage Capital
	 
	 	 	 	Associates, Inc.

The parties have previously entered into that certain Master Repurchase Agreement referred to
above (the “Agreement”). The parties have now agreed to amend the Agreement pursuant to this
amendment (the “Amendment”). Unless otherwise defined in this Amendment, capitalized terms used
herein shall have the meanings assigned to them in the Agreement

Accordingly, for good and valuable consideration, the receipt and sufficiency of which is hereby
acknowledged, the parties, intending to be legally bound, agree as follows:

	 	1.	 	Amendment of the Agreement

Upon execution of this Amendment by both parties, the Agreement shall be and is hereby amended as
follows:

	 	(a)	 	Annex I. paragraph 5. Additional Events of Default of Counterparty; sub-paragraph (a)
shall be deleted in its entirety and will be replaced by the
following:

	 	 	 	“(a) Counterparty, as of each fiscal quarter-end, has Stockholders’ Equity of less
than the higher of (i) $100,000,000 and (ii) 75% of the highest Stockholders’ Equity from
the date of this Agreement;”

	 	2.	 	Representations

Each party represents to the other party that all representations contained in the Agreement
(including all representations set forth in the Annex) are true and accurate as of the date of
this Amendment and those representations are deemed to be given or repeated by each party, as
the case may be, on the date of this Amendment.

	 	3.	 	Miscellaneous

	 	(a)	 	Entire Agreement. This Amendment constitutes the entire agreement and understanding
of the parties with respect to its subject matter and supersedes all oral communication
and prior writings (except as otherwise provided herein) with respect thereto.

 

 

	 	(b)	 	Amendments. No amendment, modification or waiver in respect of this Amendment will be
effective unless in writing (including a writing evidenced by a facsimile transmission)
and executed by each of the parties.
	 
	 	(c)	 	Counterparts. This Amendment may be executed and delivered in counterparts
(including by facsimile transmission), each of which will be deemed an original. All signatures need
not be on one counterpart.
	 
	 	(d)	 	Headings. The headings used in this Amendment are for convenience of reference
only and are
not to affect the construction of or to be taken into consideration in interpreting this
Amendment.
	 
	 	(e)	 	Governing Law. This Amendment will be governed by and construed in accordance
with the law of the State of New York (without reference to choice of law doctrine).

IN WITNESS WHEREOF, the parties have executed this Amendment on the respective dates specified
below with effect from the date first specified on the first page of this Amendment.

	 	 	 	 	 	 	 	 	 

	Barclays Capital Inc.	 	 	 	Provident Mortgage
Capital Associates, Inc.
	 
	 	 	 	 	 	 	 	 
	By:	 	/s/ Ellen V. Kiernan 
	 	 	 	By:	 	/s/ Mark E. Lefanowicz
 

	Title:
	 	Director	 	 	 	Title:	 	MARK E. LEFANOWICZ, CEO & PRESIDENT
	Date:
	 	2/16/12	 	 	 	Date:	 	1/26/12exv10w20

Exhibit 10.20

     AMENDMENT
DATED AS OF January 26, 2012, TO MASTER REPURCHASE AGREEMENT BETWEEN 
NOMURA
SECURITIES INTERNATIONAL, INC. AND PROVIDENT MORTGAGE CAPITAL ASSOCIATES, INC.

Upon execution, this Amendment (the “Amendment”) shall serve to amend the Master Repurchase
Agreement, dated as of May 11, 2011, including the applicable Annexes (the “Agreement”), between
Nomura Securities International, Inc. (“Party A”) and Provident Mortgage Capital Associates, Inc.
(“Party B”). All capitalized terms used but not defined herein shall have the meanings set forth in
the Agreement.

Amendments.

	 	1.	 	Events of Default. Paragraph 9 of Annex I of the Agreement is hereby amended by

	 	(a)	 	Deleting subparagraph (e) thereof in its entirety and replacing with the following:

	 	 	 	“(e) Minimum Equity Capital. On any day during the term hereof, Party A in its sole discretion
determines that Party B has failed to maintain minimum Equity Capital in an amount equal to USD
75,000,000 or fifty percent (50%) of the highest historical year-end Equity Capital. For the
purposes of the foregoing Event of Default, Party B shall be the defaulting party.”

	 	(b)	 	Deleting subparagraph (g) thereof in its entirety and replacing with the following:

	 	 	 	“(g) Initial Public Offering. Party B fails to raise at least USD 100,000,000, in its initial
public offering. For the purposes of the foregoing Event of Default, Party B shall be the defaulting party.”

Entire Agreement. This Amendment constitutes the entire agreement and understanding of the parties
with respect to its subject matter and supersedes all oral communications or prior writings (except
as otherwise provided herein) with respect thereto.

Governing Law. This Amendment shall be governed by and construed in accordance with the laws of the
State of New York without reference to choice of law doctrine.

Counterparts. This Amendment may be executed in any number of counterparts, all of which taken
together shall constitute one and the same instrument.

 

 

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

	 	 	 	 	 	 	 	 	 
	NOMURA SECURITIES INTERNATIONAL, INC.

	 	 	 	PROVIDENT MORTGAGE CAPITAL
ASSOCIATES, INC.
	 
	By:
	 	/s/ Anthony Kowalski
 
	 	 
	 	By:	 	/s/ Mark E. Lefanowicz
 

	Name:
	 	Anthony Kowalski	 	 	 	Name:	 	Mark E. Lefanowicz
	Title:
	 	Managing Director	 	 	 	Title:	 	CEO & President
	Date:
	 	2/3/12	 	 	 	Date:	 	2/2/12exv10w21

Exhibit 10.21

AMENDMENT
AGREEMENT

Dated as of 26th January, 2012

to the BMA Master Repurchase Agreement dated as of 12th May, 2011

	1.	 	Provident Mortgage Capital Associates, Inc. (“Provident” or “Party B”) and RBS
Securities Inc. (“RBSSI” or “Party A”) are parties to a 1996 BMA Master Repurchase
Agreement dated as of 12th May, 2011 as may be further amended from time to time
(the “Master Agreement”).

	2.	 	Provident and RBSSI have agreed to amend Annex I of the Master Agreement as follows:

(a) Termination Event (a)(i) in Annex I is deleted in its entirety and replaced with the
following:

(i) Tangible Net Worth. As of the last day of any calendar month, Party B’s Tangible Net Worth
falls below $100,000,000 plus 75% of any additional equity raises;

“Tangible Net Worth” shall mean, with respect to any Person, as of any date of determination, the
consolidated Net Worth of such Person and its Subsidiaries, less the consolidated net book value
of all assets of such Person and its Subsidiaries (to the extent reflected as an asset in the
balance sheet of such Person or any Subsidiary at such date) which will be treated as intangibles
under GAAP, including, without limitation, such items as deferred financing expenses, deferred
taxes, net leasehold improvements, good will, trademarks, trade names, service marks, copyrights,
patents, licenses and unamortized debt discount and expense; provided, that residual securities
issued by such Person or its Subsidiaries shall not be treated as intangibles for purposes of this
definition.

As used herein, “Net Worth” shall mean, with respect to any Person, the excess of total assets of
such Person, over total liabilities of such Person, determined in
accordance with GAAP.

	3.	 	All Transactions entered into between the parties prior to the date of the Amendment
Agreement which are outstanding at the date of the Amendment Agreement are hereby
deemed to be entered into pursuant to the Amendment Agreement and the Master
Agreement and are governed by their terms.
	 
	4.	 	Except as otherwise specifically set forth herein, all references to “this Agreement” in the
Master Agreement or any document related thereto shall for all purposes constitute
references to the Master Agreement as amended hereby.
	 
	5.	 	This amendment shall be governed by and construed in accordance with the laws of the
State of New York.
	 
	6.	 	Except to the extent specifically amended herein, the Master Agreement shall remain in
full force and effect.

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

 

 

	 	 	 	 	 	 	 	 

	Provident Mortgage Capital Associates, Inc.	 	RBS Securities Inc.
	 
	 	 	 	 	 	 	 
	By:

	 	/s/ Mark E. Lefanowicz
	 	By:
	 	/s/ Jennifer Fitzgibbon	 
	 

	 	 
	 	 	 	 	 
	Name:

	 	Mark E. Lefanowicz
	 	Name:
	 	Jennifer Fitzgibbon	 
	 

	 	 
	 	 	 	 	 
	Title:

	 	CEO & President
	 	Title:
	 	Managing Director

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