Document:

EX-10.26

 Exhibit 10.26 

EXECUTION VERSION 

AMENDMENT NUMBER TWELVE 
 to the

 MASTER REPURCHASE AGREEMENT 

Dated as of May 17, 2013, 

between 
 VELOCITY COMMERCIAL
CAPITAL, LLC 
 and 
 CITIBANK,
N.A. 
 This AMENDMENT NUMBER TWELVE (this “Amendment Number Twelve”) is made this 22nd day of July, 2016, between VELOCITY
COMMERCIAL CAPITAL, LLC (“Seller”) and CITIBANK, N.A. (“Buyer”), to the Master Repurchase Agreement, dated as of May 17, 2013, between Seller and Buyer, as such agreement may be amended from time to time (the
“Agreement”). Capitalized terms used but not otherwise defined herein shall have the meanings assigned to such terms in the Agreement. 

RECITALS 
 WHEREAS, Seller
has requested that Buyer agree to amend the Agreement, and the Buyer has agreed, subject to the terms and conditions set forth herein; and 

WHEREAS, as of the date hereof, Seller represents to Buyer that Seller is in full compliance with all of the terms and conditions of the
Agreement and each other Program Document and no Default or Event of Default has occurred and is continuing under the Agreement or any other Program Document. 

NOW THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, and for the mutual covenants
herein contained, the parties hereto hereby agree as follows: 
 SECTION 1. Amendment. Effective as of July 22, 2016 (the
“Amendment Effective Date”), the Agreement is hereby amended as follows: 
 (a) Section 2 of the Agreement is hereby amended
by deleting the definitions of “LIBO Base Rate” and “Termination Date” in their entirety and replacing them with the following: 

“LIBO Base Rate” shall mean the greater of (a) zero percent (0%), and (b) the rate determined daily
by Buyer on the basis of the “BBA’s Interest Settlement Rate” offered for one-month U.S. dollar deposits, as such rate appears on Bloomberg L.P.’s page “BBAM” as of 11:00 a.m.
(London time) on such date provided that if such rate does not appear on Bloomberg L.P.’s page “BBAM” as of such time on such date, the rate for such date will be the rate determined by reference to the most recently published rate on
Bloomberg L.P.’s page “BBAM”; provided further that if such rate is no longer set on Bloomberg L.P.’s page “BBAM”, the rate of such date will be determined by reference to such other comparable publicly available
service publishing such rates as may be selected by Buyer in its sole discretion, which rates have performed or are expected by Buyer to perform in a manner substantially similar to the rate appearing on Bloomberg L.P.’s page “BBAM”,
and which rate will be communicated to Seller. Notwithstanding anything to the contrary herein, Buyer shall have the sole discretion to re-set the LIBO Base Rate on a daily basis. 

“Termination Date” shall mean July 21, 2017 or such earlier date on which this Agreement shall terminate
in accordance with the provisions hereof or by operation of law. 

 SECTION 2. Fees and Expenses. Seller agrees to pay to Buyer all reasonable out of
pocket costs and expenses incurred by Buyer in connection with this Amendment Number Twelve (including all reasonable fees and out of pocket costs and expenses of the Buyer’s legal counsel) in accordance with Sections 23 and 25 of the
Agreement. 
 SECTION 3. Representations. Seller hereby represents to Buyer that as of the date hereof, Seller is in full compliance
with all of the terms and conditions of the Agreement and each other Program Document and no Default or Event of Default has occurred and is continuing under the Agreement or any other Program Document. 

SECTION 4. Binding Effect; Governing Law. This Amendment Number Twelve shall be binding on and inure to the benefit of the parties
hereto and their respective successors and permitted assigns. THIS AMENDMENT NUMBER TWELVE SHALL BE CONSTRUED IN ACCORDANCE WITH, AND GOVERNED BY, THE LAWS OF THE STATE OF NEW YORK, WITHOUT GIVING EFFECT TO THE CONFLICT OF LAWS PRINCIPLES THEREOF
(EXCEPT FOR SECTION 5-1401 OF THE NEW YORK GENERAL OBLIGATIONS LAW). 
 SECTION 5.
Counterparts. This Amendment Number Twelve may be executed by each of the parties hereto on any number of separate counterparts, each of which shall be an original and all of which taken together shall constitute one and the same instrument.

 SECTION 6. Limited Effect. Except as amended hereby, the Agreement shall continue in full force and effect in accordance with its
terms. Reference to this Amendment Number Twelve need not be made in the Agreement or any other instrument or document executed in connection therewith, or in any certificate, letter or communication issued or made pursuant to, or with respect to,
the Agreement, any reference in any of such items to the Agreement being sufficient to refer to the Agreement as amended hereby. 

  
 2 

 IN WITNESS WHEREOF, Seller and Buyer have caused this Amendment Number Twelve to be executed
and delivered by their duly authorized officers as of the Amendment Effective Date. 
  

			
	 VELOCITY COMMERCIAL CAPITAL, LLC

(Seller)

		
	By:	 	/s/ Jeff Taylor
	Name:	 	Jeff Taylor
	Title:	 	Executive Vice President
	
	 CITIBANK, N.A.

(Buyer)

		
	By:	 	 
	Name:	 	
	Title:	 	

 Amendment Twelve to MRA 

 IN WITNESS WHEREOF, Seller and Buyer have caused this Amendment Number Twelve to be executed
and delivered by their duly authorized officers as of the Amendment Effective Date. 
  

			
	 VELOCITY COMMERCIAL CAPITAL, LLC

(Seller)

		
	By:	 	 
	Name:	 	
	Title:	 	
	
	 CITIBANK, N.A.

(Buyer)

		
	By:	 	/s/ Susan Mills
	Name:	 	Susan Mills
	Title:	 	Vice President
		 	Citibank, N.A.

 Amendment Twelve to MRAEX-10.27

 Exhibit 10.27 

EXECUTION 
 AMENDMENT NUMBER
THIRTEEN 
 to the 
 MASTER
REPURCHASE AGREEMENT 
 Dated as of May 17, 2013, 

between 
 VELOCITY COMMERCIAL
CAPITAL, LLC 
 and 
 CITIBANK,
N.A. 
 This AMENDMENT NUMBER THIRTEEN (this “Amendment Number Thirteen”) is made this 21st day of July, 2017, between
VELOCITY COMMERCIAL CAPITAL, LLC (“Seller”) and CITIBANK, N.A. (“Buyer”), to the Master Repurchase Agreement, dated as of May 17, 2013, between Seller and Buyer, as such agreement may be amended from time to
time (the “Agreement”). Capitalized terms used but not otherwise defined herein shall have the meanings assigned to such terms in the Agreement. 

RECITALS 
 WHEREAS, Seller
has requested that Buyer agree to amend the Agreement, and the Buyer has agreed, subject to the terms and conditions set forth herein; and 

WHEREAS, as of the date hereof, Seller represents to Buyer that Seller is in full compliance with all of the terms and conditions of the
Agreement and each other Program Document and no Default or Event of Default has occurred and is continuing under the Agreement or any other Program Document. 

NOW THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, and for the mutual covenants
herein contained, the parties hereto hereby agree as follows: 
 SECTION 1. Amendment. Effective as of July 21, 2017 (the
“Amendment Effective Date”), the Agreement is hereby amended as follows: 
 (a) Section 2 of the Agreement is hereby amended
by deleting the definitions of “Sanctioned Country”, “Sanctioned Person” and “Termination Date” and replacing them with the following, in each case in the appropriate respective alphabetical order: 

“Sanctioned Country” shall have the meaning provided in Section 12(hh) hereof. 

“Sanctioned Person” shall have the meaning provided in Section 12(hh) hereof. 

“Termination Date” shall mean July 20, 2018 or such earlier date on which this Agreement shall terminate
in accordance with the provisions hereof or by operation of law. 
 (b) Section 2 of the Agreement is hereby amended by adding new
definitions of “Anti-Money Laundering Laws” and “Sanctions”, in each case in the appropriate respective alphabetical order, to read in their entirety as follows: 

“Anti-Money Laundering Laws” shall have the meaning provided in Section 12(bb) hereof. 

“Sanctions” shall have the meaning provided in Section 12(hh) hereof. 

 (c) Section 12(p) of the Agreement is hereby amended by deleting “$55,000,000” and
replacing it with “$75,000,000”. 
 (d) Section 12(aa) of the Agreement is hereby deleted in its entirety and replaced with
“Reserved”. 
 (e) Section 12(bb) of the Agreement is hereby amended to read in its entirety as follows: 

(bb) Anti-Money Laundering. The operations of Seller, Guarantor and each of their Subsidiaries are and have been
conducted at all times in compliance with applicable financial recordkeeping and reporting requirements, including the Currency and Foreign Transactions Reporting Act of 1970, as amended, the applicable money laundering statutes of all jurisdictions
where Seller, Guarantor or any of their Subsidiaries conduct business, the rules and regulations thereunder and any related or similar rules, regulations or guidelines, issued, administered or enforced by any governmental agency (collectively, the
“Anti-Money Laundering Laws”) and no action, suit or proceeding by or before any court or governmental agency, authority or body or any arbitrator involving Seller, Guarantor or any of their Subsidiaries with respect to the
Anti-Money Laundering Laws is pending or, to the best knowledge of Seller or Guarantor, threatened. 
 (f) Section 12 of the Agreement is
hereby amended by deleting clauses (hh) and (ii) and replacing such clauses with the following: 
 (hh)
Sanctions. Neither Seller nor Guarantor, or any of their Subsidiaries or, to the knowledge of Seller or Guarantor, any director, officer, agent, employee or affiliate of Seller or Guarantor or any of their Subsidiaries (i) is, or is
controlled or 50% or more owned in the aggregate by or is acting on behalf of, one or more individuals or entities that are currently the subject of any sanctions administered or enforced by the United States (including any administered or enforced
by OFAC, the U.S. Department of State or the Bureau of Industry and Security of the U.S. Department of Commerce), the United Nations Security Council, the European Union, a member state of the European Union (including sanctions administered or
enforced by Her Majesty’s Treasury of the United Kingdom) or other relevant sanctions authority (collectively, “Sanctions” and such persons, “Sanctioned Persons” and each such person, a “Sanctioned
Person”), (ii) is located, organized or resident in a country or territory that is, or whose government is, the subject of Sanctions that broadly prohibit dealings with that country or territory (collectively, “Sanctioned
Countries” and each, a “Sanctioned Country”) or (iii) will, directly or indirectly, use the proceeds of this Agreement, or lend, contribute or otherwise make available such proceeds to any Subsidiary, joint venture
partner or other individual or entity in any manner that would result in a violation of any Sanctions by, or could result in the imposition of Sanctions against, any individual or entity (including any individual or entity participating in the
offering, whether as underwriter, advisor, investor or otherwise). 
 (ii) Transactions with Sanctioned Persons.
Neither Seller nor Guarantor, or any of their Subsidiaries, has engaged in any dealings or transactions with or for the benefit of a Sanctioned Person, or with or in a Sanctioned Country, in the preceding three (3) years, nor does Seller or
Guarantor or any of their Subsidiaries have any plans to engage in dealings or transactions with or for the benefit of a Sanctioned Person, or with or in a Sanctioned Country. 

(g) Section 13(h) of the Agreement is hereby amended by inserting the phrase “and their Subsidiaries” after the phrase “each of
Seller and Guarantor”. 

 (h) Section 13(q) of the Agreement is hereby amended by deleting “$55,000,000” and
replacing it with “$75,000,000”. 
 SECTION 2. Fees and Expenses. Seller agrees to pay to Buyer all reasonable out of
pocket costs and expenses incurred by Buyer in connection with this Amendment Number Thirteen (including all reasonable fees and out of pocket costs and expenses of the Buyer’s legal counsel) in accordance with Sections 23 and 25 of the
Agreement. 
 SECTION 3. Representations. Seller hereby represents to Buyer that as of the date hereof, Seller is in full compliance
with all of the terms and conditions of the Agreement and each other Program Document and no Default or Event of Default has occurred and is continuing under the Agreement or any other Program Document. 

SECTION 4. Binding Effect; Governing Law. This Amendment Number Thirteen shall be binding on and inure to the benefit of the parties
hereto and their respective successors and permitted assigns. THIS AMENDMENT NUMBER THIRTEEN SHALL BE CONSTRUED IN ACCORDANCE WITH, AND GOVERNED BY, THE LAWS OF THE STATE OF NEW YORK, WITHOUT GIVING EFFECT TO THE CONFLICT OF LAWS PRINCIPLES THEREOF
(EXCEPT FOR SECTION 5-1401 OF THE NEW YORK GENERAL OBLIGATIONS LAW). 
 SECTION 5.
Counterparts. This Amendment Number Thirteen may be executed by each of the parties hereto on any number of separate counterparts, each of which shall be an original and all of which taken together shall constitute one and the same
instrument. 
 SECTION 6. Limited Effect. Except as amended hereby, the Agreement shall continue in full force and effect in
accordance with its terms. Reference to this Amendment Number Thirteen need not be made in the Agreement or any other instrument or document executed in connection therewith, or in any certificate, letter or communication issued or made pursuant to,
or with respect to, the Agreement, any reference in any of such items to the Agreement being sufficient to refer to the Agreement as amended hereby. 

 IN WITNESS WHEREOF, Seller and Buyer have caused this Amendment Number Thirteen to be
executed and delivered by their duly authorized officers as of the Amendment Effective Date. 
  

			
	 VELOCITY COMMERCIAL CAPITAL, LLC

(Seller)

		
	By:	 	/s/ Chris Farrar
	Name:	 	Chris Farrar
	Title:	 	President and CEO
	
	 CITIBANK, N.A.

(Buyer)

		
	By:	 	 
	Name:	 	
	Title:	 	

 Amendment Thirteen to MRA 

 IN WITNESS WHEREOF, Seller and Buyer have caused this Amendment Number Thirteen to be
executed and delivered by their duly authorized officers as of the Amendment Effective Date. 
  

			
	 VELOCITY COMMERCIAL CAPITAL, LLC

(Seller)

		
	By:	 	 
	Name:	 	
	Title:	 	
	
	 CITIBANK, N.A.

(Buyer)

		
	By:	 	/s/ Susan Mills
	Name:	 	Susan Mills
	Title:	 	Vice President
		 	Citibank, N.A.

 Amendment Thirteen to MRA

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