Document:

EX-10.1

 Exhibit 10.1 

Execution Version 

AMENDMENT NO. 4 TO SECOND AMENDED AND RESTATED 

SENIOR SECURED REVOLVING CREDIT AGREEMENT 

This AMENDMENT NO. 4 (this “Amendment”) dated as of March 13, 2020, is made with respect to the Second Amended and
Restated Senior Secured Revolving Credit Agreement, dated as of December 15, 2017 (as amended by that certain Amendment No. 1 to Second Amended and Restated Senior Secured Revolving Credit Agreement and Third Amended and Restated
Guarantee, Pledge and Security Agreement, dated as of March 26, 2019, that certain Amendment No. 2 to Second Amended and Restated Senior Secured Revolving Credit Agreement, dated as of July 24, 2019, that certain Amendment No. 3
to Second Amended and Restated Senior Secured Revolving Credit Agreement, dated as of January 14, 2020, and as further amended, restated, supplemented or otherwise modified from time to time, the “Credit Agreement”), among THL
Credit, Inc., a Delaware corporation (the “Borrower”), the lenders from time to time party thereto and ING Capital LLC, as administrative agent (in such capacity, together with its successors in such capacity, the
“Administrative Agent”). Capitalized terms not otherwise defined herein shall have the meanings ascribed to them in the Credit Agreement (as amended hereby). 

W I T N E S S E T H: 

WHEREAS, pursuant to the Credit Agreement, the Lenders have made certain loans and other extensions of credit to the Borrower; 

WHEREAS, the Borrower has requested that the Lenders and the Administrative Agent amend certain provisions of the Credit Agreement in
connection with the Merger; 
 WHEREAS, the Lenders signatory hereto and the Administrative Agent have agreed to do so on the terms and
subject to the conditions contained in this Amendment. 
 NOW THEREFORE, in consideration of the promises and the mutual agreements
contained herein, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto hereby agree as follows: 

SECTION I AMENDMENTS TO CREDIT AGREEMENT 

Effective as of the Amendment No. 4 Effective Date (as defined below), and subject to the terms and conditions set forth below, the
Credit Agreement is hereby amended as follows: 
 (a) Section 6.07(a) is hereby amended by deleting the dollar amount
“$215,000,000” therefrom and replacing it with the dollar amount “$175,000,000”. 
 (b) Section 6.07(a)
is hereby amended by deleting the reference to “the Amendment No. 1 Effective Date” therein and replacing it with a reference to “the Amendment No. 4 Effective Date”. 

(c) Section 6.07(e) is hereby amended by deleting the dollar amount “$215,000,000” therefrom and replacing it with
the dollar amount “$175,000,000”. 

 SECTION II MISCELLANEOUS 

2.1. Conditions to Effectiveness of Amendment. 
 This
Amendment shall become effective as of the date (the “Amendment No. 4 Effective Date”) on which the Borrower and each Subsidiary Guarantor party hereto have satisfied each of the following conditions precedent
(unless a condition shall have been waived in accordance with Section 9.02 of the Credit Agreement): 
 (a) Executed
Counterparts. The Administrative Agent shall have received from each party hereto either (1) a counterpart of this Amendment signed on behalf of such party or (2) written evidence satisfactory to the Administrative Agent (which may
include telecopy transmission or electronic mail of a signed signature page to this Amendment) that such party has signed a counterpart of this Amendment. 

(b) Fees and Expenses. The Borrower shall have paid in full to the Administrative Agent and the Lenders all fees and
expenses owing related to this Amendment and the Credit Agreement owing, incurred and invoiced on or prior to the Amendment No. 4 Effective Date due to any Lender on the Amendment No. 4 Effective Date. 

(c) Commitment Reduction. The Administrative Agent shall have received an election from the Borrower to reduce the
Commitments under the Credit Agreement to $150,00,000 on or prior to March 12, 2020 in accordance with Section 2.07 of the Credit Agreement (as in effect immediately prior to the Amendment No. 4 Effective Date). The Administrative
Agent hereby acknowledges that it has received notice pursuant to such Section 2.07 within the time period required thereunder and that the Commitments are so reduced. 

(d) Other Documents. The Administrative Agent shall have received such other documents as the Administrative Agent may
reasonably request in form and substance reasonably satisfactory to the Administrative Agent. 
 The contemporaneous exchange and release of
executed signature pages by each of the Persons contemplated to be a party hereto shall render this Amendment effective and any such exchange and release of such executed signature pages by all such persons shall constitute satisfaction or waiver
(as applicable) of any condition precedent to such effectiveness set forth above. 
 2.2. Representations and Warranties. To induce the other parties
hereto to enter into this Amendment, the Borrower represents and warrants to the Administrative Agent and each of the Lenders that, as of the Amendment No. 4 Effective Date and after giving effect to this Amendment: 

(a) This Amendment has been duly authorized, executed and delivered by the Borrower and the Subsidiary Guarantors, and
constitutes a legal, valid and binding obligation of the Borrower and the Subsidiary Guarantors enforceable in accordance with its terms, except as such enforceability may be limited by (a) bankruptcy, insolvency, reorganization, moratorium or
similar laws of general applicability affecting the enforcement of creditors’ rights and (b) the application of general principles of equity (regardless of whether such enforceability is 

 
considered in a proceeding in equity or at law). The Credit Agreement, as amended by this Amendment, constitutes the legal, valid and binding obligation of the Borrower enforceable in accordance
with its respective terms, except as such enforceability may be limited by (a) bankruptcy, insolvency, reorganization, moratorium or similar laws of general applicability affecting the enforcement of creditors’ rights and (b) the
application of general principles of equity (regardless of whether such enforceability is considered in a proceeding in equity or at law). 

(b) The representations and warranties set forth in Article III of the Credit Agreement as amended by this Amendment and the
representations and warranties in each other Loan Document are true and correct in all material respects (other than any representation or warranty already qualified by materiality or Material Adverse Effect, which shall be true and correct in all
respects) on and as of the Amendment No. 4 Effective Date or as to any such representations and warranties that refer to a specific date, as of such specific date. 

(c) No Default or Event of Default has occurred or is continuing under the Credit Agreement. 

2.3. Counterparts. This Amendment may be executed in counterparts (and by different parties hereto on different counterparts), each of which shall
constitute an original, but all of which when taken together shall constitute a single contract. This Amendment constitutes the entire contract between and among the parties relating to the subject matter hereof and supersedes any and all previous
agreements and understandings, oral or written, relating to the subject matter hereof. Delivery of an executed counterpart of this Amendment by telecopy or electronic mail shall be effective as delivery of a manually executed counterpart of this
Amendment. 
 2.4. Payment of Expenses. The Borrower agrees to pay and reimburse, pursuant to Section 9.03 of the Credit Agreement, the
Administrative Agent for all of its reasonable and documented out-of-pocket costs and expenses incurred in connection with this Amendment. 

2.5. GOVERNING LAW. THIS AMENDMENT SHALL BE CONSTRUED IN ACCORDANCE WITH AND GOVERNED BY THE LAW OF THE STATE OF NEW YORK. 

2.6. WAIVER OF JURY TRIAL. EACH PARTY HERETO HEREBY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY
IN ANY LEGAL PROCEEDING DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING TO THIS AMENDMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY (WHETHER BASED ON CONTRACT, TORT OR ANY OTHER THEORY). EACH PARTY HERETO (A) CERTIFIES THAT NO REPRESENTATIVE,
AGENT OR ATTORNEY OF ANY OTHER PARTY HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER AND (B) ACKNOWLEDGES THAT IT AND THE OTHER PARTIES HERETO HAVE BEEN
INDUCED TO ENTER INTO THIS AMENDMENT BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION. 

 2.7. Incorporation of Certain Provisions. The provisions of Sections 9.01, 9.07, 9.09 and 9.12 of the
Credit Agreement are hereby incorporated by reference mutatis mutandis as if fully set forth herein. 
 2.8. Effect of Amendment. 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, the Administrative Agent, the Collateral Agent, the Borrower or the
Subsidiary Guarantors under the Credit Agreement or any other Loan Document, and, except as expressly set forth herein, shall not alter, modify, amend or in any way affect any of the other terms, conditions, obligations, covenants or agreements
contained in the Credit Agreement or 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 any Person 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. This Amendment shall apply and be
effective only with respect to the provisions amended herein of the Credit Agreement. Upon the effectiveness of this Amendment, each reference in the Credit Agreement to “this Agreement,” “hereunder,” “hereof,”
“herein” or words of similar import shall mean and be a reference to the Credit Agreement as amended by this Amendment and each reference in any other Loan Document shall mean the Credit Agreement as amended hereby. This Amendment shall
constitute a Loan Document. 
 2.9. Consent and Affirmation. Without limiting the generality of the foregoing, by its execution hereof, (i) each
of the Borrower and the Subsidiary Guarantors hereby to the extent applicable as of the Amendment No. 4 Effective Date consents to this Amendment and the transactions contemplated hereby and (ii) each of the Borrower and the Subsidiary
Guarantors hereby to the extent applicable as of the Amendment No. 4 Effective Date (x) agrees that the Guarantee and Security Agreement and each of the other Security Documents is in full force and effect, (y) confirms its guarantee
(solely in the case of the Subsidiary Guarantors) and affirms its obligations under the Guarantee and Security Agreement and confirms its grant of a security interest in its assets as Collateral for the Secured Obligations (as defined in the
Guarantee and Security Agreement), and (z) acknowledges and affirms that such guarantee and/or grant, as applicable, is in full force and effect in respect of, and to secure, the Secured Obligations (as defined in the Guarantee and Security
Agreement). 
 [Signature pages follow] 

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

			
	THL CREDIT, INC., as Borrower
		
	By:	 	 /s/ Terrence W. Olson

	Name:	 	Terrence W. Olson
	Title:	 	Chief Financial Officer

  
 [Amendment No. 4 to
Second Amended and Restated Revolving Credit Agreement] 

 
			
	THL CREDIT HOLDINGS, INC., as Subsidiary Guarantor
		
	By:	 	 /s/ Terrence W. Olson

	Name: Terrence W. Olson
	Title: Chief Financial Officer

  
 [Amendment No. 4 to
Second Amended and Restated Revolving Credit Agreement] 

 
			
	ING CAPITAL LLC, as Administrative Agent, Collateral Agent, Issuing Bank and a Lender
		
	By:	 	 /s/ Patrick Frisch     

	Name: Patrick Frisch
	Title: Managing Director
		
	By:	 	 /s/ Dina Kook

	Name: Dina Kook
	Title: Vice President

  
 [Amendment No. 4 to
Second Amended and Restated Revolving Credit Agreement] 

 
			
	BANK OF AMERICA, N.A., as a Lender
		
	By:	 	 /s/ Robin Noret    

	Name: Robin Noret    
	Title: Vice President

  
 [Amendment No. 4 to
Second Amended and Restated Revolving Credit Agreement] 

 
			
	CIT BANK, N.A., as a Lender
		
	By:	 	 /s/ Robert L. Klein     

	Name: Robert L. Klein
	Title: Director

  
 [Amendment No. 4 to
Second Amended and Restated Revolving Credit Agreement] 

 
			
	CITIBANK, N.A., as a Lender
		
	By:	 	 /s/ Robert Chesley

	Name: Robert Chesley
	Title: Vice President

  
 [Amendment No. 4 to
Second Amended and Restated Revolving Credit Agreement] 

 
			
	CITY NATIONAL BANK, as a Lender
		
	By:	 	 /s/ Brandon L. Feitelson

	Name: Brandon L. Feitelson
	Title: Senior Vice President

  
 [Amendment No. 4 to
Second Amended and Restated Revolving Credit Agreement] 

  

			
	STATE STREET BANK AND TRUST COMPANY, as a Lender
		
	By:	 	 /s/ John Doherty

	Name:	 	John Doherty
	Title:	 	Vice President

  
 Amendment No. 4 to Second
Amended and Restated Revolving Credit Agreement 

  

			
	TIAA, FSB, AS SUCCESSOR IN INTEREST TO CERTAIN ASSETS OF EVERBANK COMMERCIAL FINANCE, INC., as a Lender
		
	By:	 	 /s/ Joshua Kinsey

	Name:	 	Joshua Kinsey
	Title:	 	Director

  
 Amendment No. 4 to Second
Amended and Restated Revolving Credit AgreementExhibit 4.3

       

      

      Description of F&M Bancorp Capital Stock

       

      The following summary of the current terms of the capital stock of F&M Bancorp is not meant to be complete and is qualified in its entirety by reference to the DGCL, federal law, the F&M Bancorp certificate
        of incorporation, and the F&M Bancorp bylaws, copies of which have been filed with the Securities Exchange Commission (the “Commission”) and are also available upon request from F&M Bancorp.

       

      Common Stock

       

      The F&M Bancorp certificate of incorporation authorizes 20,000,000 shares of common stock, par value $0.01 per share.

       

      Each holder of F&M Bancorp common stock is entitled to:

       

      
        
          	

                	•	
                  one vote for each share held on all matters submitted to a vote of the stockholders;

                

        

      

       

      
        
          	

                	•	
                  receive ratably such dividends as may be declared by the F&M Bancorp board of directors out of funds legally available for dividends, subject to preferences that may be applicable to outstanding shares of preferred stock, if any,
                    or limitations and restrictions under applicable bank holding company regulations; and

                

        

      

       

      
        
          	

                	•	
                  share ratably in F&M Bancorp’s net assets, legally available to holders of F&M Bancorp common stock in the event of F&M Bancorp’s liquidation, dissolution or winding up, after payment in full of all amounts required to be
                    paid to any holders of shares of preferred stock and to creditors (unless provision for such payment has been made).

                

        

      

       

      Holders of F&M Bancorp common stock are not entitled to preemptive rights and have no subscription, redemption or conversion privileges.

       

      The outstanding shares of F&M Bancorp common stock are validly issued, fully‐paid and nonassessable.

       

      Preferred Stock

       

      The F&M Bancorp certificate of incorporation authorizes 1,000,000 shares of preferred stock, par value $0.01 per share.

       

      Under the F&M Bancorp certificate of incorporation, F&M Bancorp may issue shares of preferred stock in one or more series, as may be determined by the F&M Bancorp board of directors. The F&M Bancorp
        board of directors may also establish, from time to time, the number of shares to be included in each series and may fix the designation, powers, preferences and rights of the shares of each such series and any qualifications, limitations or
        restrictions thereof, and may increase or decrease the number of shares of any series without any further vote or action by the shareholders. Any preferred stock that F&M Bancorp may issue will rank senior to F&M Bancorp common stock with
        respect to the payment of dividends or amounts paid upon liquidation, dissolution or winding up of F&M Bancorp, or both. In addition, any shares of F&M Bancorp preferred stock may have class or series voting rights. Under certain
        circumstances, the issuance of shares of F&M Bancorp preferred stock, or merely the existing authorization of the F&M Bancorp board of directors to issue shares of F&M Bancorp preferred stock, may tend to discourage or impede a merger
        or other change in control of F&M Bancorp.  Each series of preferred stock, to the extent issued, will be issued under a separate certificate of designations.

       

      Anti‐takeover Provisions

       

      Delaware Anti‐Takeover Law

       

      As a Delaware corporation, F&M Bancorp is subject to Section 203 of the DGCL, which generally prevents an interested shareholder, defined generally as a person owning 15% or more of a corporation’s outstanding
        voting stock, from engaging in a business combination with F&M Bancorp for three years following the date that person became an interested shareholder, unless certain specified conditions are satisfied. The existence of this provision may have
        an anti‐takeover effect with respect to transactions not approved in advance by the F&M Bancorp board of directors, including discouraging attempts that might result in a premium over the market price for the shares of F&M Bancorp common
        stock held by shareholders.

       

      
        
          

      

      Possible Future Issuance of Preferred Stock

       

      The F&M Bancorp board of directors can at any time issue one or more new series of preferred stock pursuant to the F&M Bancorp certificate of incorporation and without shareholder approval. In some cases, the
        issuance of preferred stock could discourage or make more difficult attempts to take control of F&M Bancorp through a merger, tender offer, proxy context or otherwise. Shares of F&M Bancorp preferred stock with special voting rights or
        other features issued to persons favoring F&M Bancorp’s management could stop a takeover by preventing the person trying to take control of F&M Bancorp from acquiring enough voting shares to take control.

       

      Removal and Vacancies on the Board of Directors

       

      Subject to the rights of the holders of any series of F&M Bancorp preferred stock then outstanding, directors may be removed by F&M Bancorp’s shareholders, with or without cause, by the affirmative vote of a
        majority of the voting power of all of the then‐outstanding shares of capital stock of F&M Bancorp entitled to vote generally in the election of directors, voting together as a single class. Further, any newly created directorships resulting
        from any increase in the authorized number of directors or any vacancies on the board resulting from death, resignation, retirement, removal or other cause may be filled only by a majority vote of the directors then in office, whether or not a
        quorum is present. These provisions may deter a shareholder from removing incumbent directors and from simultaneously gaining control of the board of directors by filling the resulting vacancies with its own nominees. Consequently, the existence of
        these provisions may have the effect of deterring hostile takeovers, which could depress the market price of F&M Bancorp common stock.

       

      Advance Notice Requirements for Director Nominations

       

      The F&M Bancorp bylaws provides that shareholders seeking to nominate candidates for election as directors must provide timely notice of their proposal in writing to the corporate secretary. Generally, to be
        timely, a shareholder’s nomination must be received at F&M Bancorp’s principal executive offices not less than 30 days or more than 60 days prior to any meeting of stockholders.  These provisions may impede shareholders’ ability to make
        nominations for directors at an annual meeting of shareholders.

       

      Advance Notice Requirements for Shareholder Proposals

       

      The Commission’s regulations provide that shareholders seeking to bring business before an annual meeting of shareholders must provide timely notice of their proposal in writing to the corporate secretary. Generally,
        in order to bring an item of business before an annual meeting, the proposal must be received at the F&M Bancorp’s principal executive offices not less one hundred twenty (120) days before the date of the company’s proxy statement released to
        shareholders in connection with the previous year’s annual meeting. These provisions may impede shareholders’ ability to bring matters before an annual meeting of shareholders or make nominations for directors at an annual meeting of shareholders.

       

       Shareholder Rights Plan

       

      On August 5, 2008, the board of directors of F&M Bancorp approved a Share Purchase Rights Plan (the “Rights Plan”), pursuant to which F&M Bancorp entered into a Rights Agreement, dated August 5, 2008, with
        Registrar and Transfer Company, as Rights Agent, and the F&M Bancorp declared a dividend of a right to acquire one preferred share purchase right (a “Right”) for each outstanding share of the F&M Bancorp’s common stock, $0.01 par value per
        share, to stockholders of record at the close of business on August 15, 2008. Generally, the Rights are only triggered and become exercisable if a person or group (the “Acquiring Person”) acquires beneficial ownership of 10 percent or more of the
        F&M Bancorp’s common stock or announces a tender offer for 10 percent or more of the F&M Bancorp’s common stock.  Shareholders of Delta Bancorp who receive shares of F&M Bancorp common stock in the merger will also receive one such
        Right for each share of F&M Bancorp common stock so obtained.

       

      
        
          

      

      The effect of the Rights Plan is to discourage any potential acquirer from triggering the Rights without first convincing F&M Bancorp’s board of directors that the proposed acquisition is fair to, and in the best
        interest of, all of the shareholders of the F&M Bancorp. The provisions of the Plan will substantially dilute the equity and voting interest of any potential acquirer unless the board of directors approves of the proposed acquisition. Each
        Right, if and when exercisable, will entitle the registered holder to purchase from the F&M Bancorp one one-hundredth of a share of Series A Junior Participating Preferred Stock, no par value, at a purchase price of $1,200 for each one
        one-hundredth of a share, subject to adjustment. Each holder of a Right (except for the Acquiring Person, whose Rights will be null and void upon such event) shall thereafter have the right to receive, upon exercise, that number of Common Shares of
        the F&M Bancorp having a market value of two times the exercise price of the Right. At any time before a person becomes an Acquiring Person, the Rights can be redeemed, in whole, but not in part, by F&M Bancorp’s board of directors at a
        price of $0.001 per Right.

       

      On February 18, 2016, the F&M Bancorp entered into Amendment No. 1 (the “Amendment”) to the Rights Agreement, by and between F&M Bancorp and Computershare Trust, N.A., a federally chartered, limited purpose
        trust (as successor to Registrar and Transfer Company), as the duly appointed rights agent.

       

      The Amendment extends the expiration date of F&M Bancorp’s Rights from the close of business on August 5, 2018, to the close of business on August 5, 2025.  At the time of the termination of the Rights Agreement,
        all of the Rights distributed to holders of the F&M Bancorp’s preferred shares pursuant to the Rights Agreement will expire.

       

      The Amendment also increases the purchase price per unit under the Rights Agreement from $1,200 per one one-hundredth of a share of F&M Bancorp’s preferred shares, to $1,600 per one one-hundredth of a Preferred
        Share.

       

      The Amendment also modifies the definition of “Beneficial Ownership” under the Rights Agreement to include certain derivative interests, by deleting Section 1(d)(i) of the Rights Agreement in its entirety and
        substituting in lieu thereof the following:

       

      “(i) which such Person or any of such Person’s Affiliates or Associates beneficially owns, directly or indirectly, or has the right to become the beneficial owner (whether such right is exercisable immediately or
        only after the passage of time or the occurrence of conditions) pursuant to any agreement, arrangement or understanding, whether or not in writing (other than customary agreements with and between underwriters and selling group members with respect
        to a bona fide public offering of securities), or upon the exercise of conversion rights, exchange rights, rights (other than the Rights), warrants or options, or otherwise;”

       

      The foregoing is a summary of the terms of the Rights Plan.  The summary does not purport to be complete and is qualified in its entirety by reference to the Rights Plan, as amended.

       

      Restrictions on Ownership

       

      The Bank Holding Company Act generally prohibits any company that is not engaged in banking activities and activities that are permissible for a bank holding company or a financial holding company from acquiring
        control of a bank holding company, such as F&M Bancorp. “Control” is generally defined as ownership of 25% or more of the voting stock or other exercise of a controlling influence. Any existing bank holding company would need the prior approval
        of the Federal Reserve before acquiring 5% or more of the voting stock of F&M Bancorp. In addition, the Change in Bank Control Act of 1978, as amended, prohibits a person or group of persons from acquiring control of a bank holding company
        unless the Federal Reserve has been notified and has not objected to the transaction. Under a rebuttable presumption established by the Federal Reserve, the acquisition of 10% or more of a class of voting stock of a bank holding company with a
        class of securities registered under Section 12 of the Exchange Act, such as F&M Bancorp, could constitute acquisition of control of the bank holding company.

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