Document:

EX-10.2

 Exhibit 10.2 

FIRST AMENDMENT AGREEMENT 

This FIRST AMENDMENT AGREEMENT (this “Amendment”) is made as of the 4th day of September, 2019 among: 
 (a)       PARKER-HANNIFIN CORPORATION, an Ohio corporation (the “Borrower”); 

(b)       the Lenders, as defined in the Credit Agreement (as defined below);
and 
 (c)       KEYBANK NATIONAL ASSOCIATION, as the administrative agent for
the Lenders under the Credit Agreement (in such capacity, the “Administrative Agent”). 
 WHEREAS, the
Borrower, the Administrative Agent and the Lenders are parties to that certain Credit Agreement, dated as of May 22, 2019 (as the same may from time to time be amended, restated or otherwise modified, the “Credit Agreement”);

 WHEREAS, the Borrower, the Administrative Agent and the Lenders desire to amend the Credit Agreement to modify certain
provisions thereof and add certain provisions thereto; 
 WHEREAS, each capitalized term used herein and defined in the
Credit Agreement, but not otherwise defined herein, shall have the meaning given such term in the Credit Agreement; and 

WHEREAS, unless otherwise specifically provided herein, the provisions of the Credit Agreement revised herein are amended
effective as of the date of this Amendment; 
 NOW, THEREFORE, in consideration of the premises and of the mutual covenants
herein and for other valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the Borrower, the Administrative Agent and the Lenders agree as follows: 

1.        Amendment to Debt to Capitalization Ratio Provisions. Article VII of
the Credit Agreement is hereby amended to delete Section 7.04 therefrom and to insert in place thereof the following: 

SECTION 7.04. Debt to Capitalization Ratio. Commencing on and after the first fiscal quarter end date
of the Borrower occurring after the Term Loan Funding Date, at any time that the Borrower is not able to maintain a Moody’s Rating, S&P Rating and Fitch Rating of A3, A- and A- (or better), respectively, the Borrower will not permit the Debt to Capitalization Ratio (as of the last day of any fiscal quarter of the Borrower) to exceed 0.65 to 1.00. 

2.        Closing Delivery. Concurrently with the execution of this Amendment,
the Borrower shall pay all legal fees and expenses of the Administrative Agent in connection with this Amendment. 

 3.      Representations and Warranties.
The Borrower hereby represents and warrants to the Administrative Agent and the Lenders that (a) the Borrower has the legal power and authority to execute and deliver this Amendment; (b) the officers executing this Amendment have been duly
authorized to execute and deliver the same and bind the Borrower with respect to the provisions hereof; (c) the execution and delivery hereof by the Borrower and the performance and observance by the Borrower of the provisions hereof do not
violate or conflict with the organizational agreements of the Borrower or any law applicable to the Borrower or result in a breach of any provision of or constitute a default under any other agreement, instrument or document binding upon or
enforceable against the Borrower; (d) no Default or Event of Default exists, nor will any occur immediately after the execution and delivery of this Amendment or by the performance or observance of any provision hereof; and (e) this
Amendment constitutes a valid and binding obligation of the Borrower in every respect, enforceable in accordance with its terms, except as such enforceability may be limited by (i) bankruptcy, insolvency, reorganization, moratorium or similar
laws of general applicability affecting the enforcement of creditors’ rights, and (ii) the application of general principles of equity (regardless of whether such enforceability is considered in a proceeding in equity or at law). 

4.      References to Credit Agreement and Ratification. Each reference to the Credit
Agreement that is made in the Credit Agreement or any other Loan Document shall hereafter be construed as a reference to the Credit Agreement as amended hereby. Except as otherwise specifically provided herein, all terms and provisions of the Credit
Agreement are confirmed and ratified and shall remain in full force and effect and be unaffected hereby. This Amendment is a Loan Document. 

5.      Counterparts. This Amendment may be executed in any number of counterparts, by
different parties hereto in separate counterparts and by facsimile or other electronic signature, each of which, when so executed and delivered, shall be deemed to be an original and all of which taken together shall constitute but one and the same
agreement. 
 6.      Headings. The headings, captions and arrangements used in this
Amendment are for convenience only and shall not affect the interpretation of this Amendment. 

7.      Severability. Any provision of this Amendment that shall be prohibited or
unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof or affecting the validity or enforceability of such provision
in any other jurisdiction. 
 8.      Governing Law. The rights and obligations of all
parties hereto shall be governed by the laws of the State of New York. 
 [Remainder of page intentionally left blank.] 

  
 2 

 WAIVER OF JURY TRIAL. THE BORROWER AND EACH OTHER PARTY HERETO HEREBY
WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN ANY ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO THIS AMENDMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY (WHETHER BASED ON CONTRACT, TORT OR
ANY OTHER THEORY). THE BORROWER AND EACH OTHER 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. 

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 set forth above. 
  

			
	PARKER-HANNIFIN CORPORATION

 
			
		
	By:	 	/s/ Catherine A. Suever

 
			
	Name:	 	Catherine A. Suever

 
			
	Title:	 	Executive Vice President – Finance &
	Administration and Chief Financial Officer

  
 Signature Page to First

 Amendment Agreement 

 
			
	 KEYBANK NATIONAL ASSOCIATION
as the Administrative Agent and as a
Lender

 
			
		
	By:	 	 /s/ Brian P. Fox

		 	Brian P. Fox
		 	Senior Vice President

  
 Signature Page to First

 Amendment Agreement 

 
			
	BARCLAYS BANK PLC
		
	By:	 	/s/ Sean Duggan
	Name: Sean Duggan
	Title: Vice President

  
 Signature Page to First

 Amendment Agreement 

 
			
	JPMORGAN CHASE BANK, N.A.
		
	By:	 	/s/ Gene Riego de Dios
	Name: Gene Riego de Dios
	Title: Executive Director

  
 Signature Page to First

 Amendment Agreement 

 
			
	HSBC BANK USA, N.A.
		
	By:	 	/s/ Patrick Mueller
	Name: Patrick Mueller
	Title: Managing Director

  
 Signature Page to 

First Amendment Agreement 

 
			
	TD BANK, N.A.
		
	By:	 	/s/ Alan Garson
	Name: Alan Garson
	Title: Senior Vice President

  
 Signature Page to 

First Amendment Agreement 

 
			
	 WELLS FARGO BANK, NATIONAL ASSOCIATION

		
	By:	 	/s/ Kevin Valenta
	Name: Kevin Valenta
	Title: Vice President

  
 Signature Page to 

First Amendment Agreement 

 
			
	CITIBANK, N.A.
		
	By:	 	/s/ Susan Olsen
	Name: Susan Olsen
	Title: Vice President

  
 Signature Page to 

First Amendment Agreement 

 
			
	MIZUHO BANK (USA)
		
	By:	 	/s/ Tracy Rahn
	Name: Tracy Rahn
	Title: Executive Director

  
 Signature Page to 

First Amendment Agreement 

 
			
	PNC BANK, NATIONAL ASSOCIATION
		
	By:	 	/s/ Nicholas Cheek
	Name: Nicholas Cheek
	Title: Vice President

  
 Signature Page to 

First Amendment Agreement 

 
			
	BANK OF CHINA, NEW YORK BRANCH
		
	By:	 	/s/ Raymond Oiao
	Name: Raymond Oiao
	Title: Executive Vice President

  
 Signature Page to 

First Amendment Agreement 

 
			
	 THE BANK OF NEW YORK MELLON

		
	 By:
	 	 /s/ John M. DiMarsico

	 Name: John M. DiMarsico

	 Title: Director

  
 Signature Page to 

First Amendment Agreement 

 
			
	 COMMERZBANK AG, NEW YORK
BRANCH

 
			
		
	 By:
	 	 /s/ John W.
Deegan

 
			
	 Name: John W. Deegan

	 Title:
	 	 Director

 
			
		
	 By:
	 	 /s/ Mathew
Ward

 
			
	 Name: Mathew Ward

	 Title: Director

  
  

  
 Signature Page to 

First Amendment Agreement 

 
			
	 MUFG BANK, LTD.

		
	 By:
	 	 /s/ Jeffrey Flagg

	 Name: Jeffrey Flagg

	 Title: Director

  
 Signature Page to 

First Amendment Agreement 

 
			
	 BRANCH BANKING AND TRUST COMPANY

		
	 By:
	 	 /s/ Sandra Centa

	 Name: Sandra Centa

	 Title: SVP

  
 Signature Page to 

First Amendment Agreement 

 
			
	 THE NORTHERN TRUST COMPANY

		
	 By:
	 	 /s/ John Di Legge

	 Name: John Di Legge

	 Title: Senior Vice President

  
 Signature Page to 

First Amendment Agreement 

 
			
	 BANK OF AMERICA, NATIONAL ASSOCIATION

		
	 By:
	 	 /s/ Jason Yakabu

	 Name: Jason Yakabu

	 Title: Vice President

  
 Signature Page to 

First Amendment Agreement 

 
			
	 UNICREDIT BANK AG, NEW YORK
BRANCH

 
			
		
	 By:
	 	 /s/ Ken
Hamilton

 
			
	 Name: Ken Hamilton

	 Title: Managing Director

			
		
	 By:
	 	 /s/ Peter
Daugavietis

 
			
	 Name: Peter Daugavietis

	 Title: Associate Director

  
 Signature Page to 

First Amendment Agreement 

			
	 BNP PARIBAS

			
		
	 By:
	 	 /s/ Julien
Pecoud-Bouvet

 
			
	 Name: Julien Pecoud-Bouvet

	 Title: Director

 
			
		
	 By:
	 	 /s/ Karim
Remtoula

 
			
	 Name: Karim Remtoula

	 Title: Vice President

  
 Signature Page to 

First Amendment AgreementExhibit 10.1

  

FOURTH AMENDMENT

TO

SECOND AMENDED AND RESTATED AGREEMENT
OF LIMITED PARTNERSHIP

OF AMERICAN FINANCE OPERATING PARTNERSHIP,
L.P. 

 

THIS FOURTH AMENDMENT
TO SECOND AMENDED AND RESTATED AGREEMENT OF LIMITED PARTNERSHIP OF AMERICAN FINANCE OPERATING PARTNERSHIP, L.P. (this “Amendment”),
dated as of September 6, 2019, is entered into by AMERICAN FINANCE TRUST, INC., a Maryland corporation, as general partner (the
“General Partner”) of AMERICAN FINANCE OPERATING PARTNERSHIP, L.P., a Delaware limited partnership (the “Partnership”),
for itself and on behalf of any limited partners of the Partnership.

 

WHEREAS, the
Second Amended and Restated Agreement of Limited Partnership of the Partnership was entered into on July 19, 2018 (as now or hereafter
amended, restated, modified, supplemented or replaced, the “Partnership Agreement”);

 

WHEREAS, on
March 22, 2019, the General Partner, for itself and on behalf of any limited partners of the Partnership, entered into the Second
Amendment to the Partnership Agreement (the “Second Amendment”) to set forth the designations, allocations,
preferences, conversion and other special rights, powers and duties of a new series of Preferred Units (as defined in the Second
Amendment) of the Partnership designated the “7.50% Series A Cumulative Redeemable Perpetual Preferred Units” (the
“Series A Preferred Units”);

 

WHEREAS, the
Series A Preferred Units were created and were initially issued in conjunction with the General Partner’s initial issuance
and sale of shares of its 7.50% Series A Cumulative Redeemable Perpetual Preferred Stock, par value $0.01 per share (the “Series
A Preferred Stock”), and, as such, the Series A Preferred Units are intended to have designations, preferences and other
rights and terms that are substantially the same as those of the Series A Preferred Stock, all such that the economic interests
of the Series A Preferred Units and the Series A Preferred Stock are substantially similar;

 

WHEREAS, on
March 26, 2019, the General Partner issued and sold 1,200,000 shares of Series A Preferred Stock in an underwritten public offering,
and, on April 10, 2019, the General Partner issued and sold an additional 146,000 shares of Series A Preferred Stock upon the underwriters’
exercise of their option to purchase additional shares in such offering, and the General Partner contributed the net proceeds of
such issuances and sales to the Partnership in exchange for, and caused the Partnership to issue to the General Partner, 1,346,000
Series A Preferred Units;

 

WHEREAS, on
May 8, 2019, the General Partner, for itself and on behalf of any limited partners of the Partnership, entered into the Third Amendment
to the Partnership Agreement (the “Third Amendment”) to increase the number of Series A Preferred Units
it is authorized to issue;

 

WHEREAS, during
the period from May 8, 2019 to the date hereof, the General Partner has issued and sold 729,686 shares, and is authorized to issue
and sell from time to time up to 1,270,314 additional shares of Series A Preferred Stock, in an at-the-market offering, and, in
connection therewith, the General Partner, pursuant to Section 4.02(b) of the Partnership Agreement, has contributed, and will,
upon the issuance and sale of any additional shares of Series A Preferred Stock in such offering, contribute, the net proceeds
of such issuances and sales to the Partnership in exchange for, and has caused, and will continue to cause, the Partnership to
issue to the General Partner a number of Series A Preferred Units equal to the number of shares of Series A Preferred Stock actually
issued in such offering from time to time;

 

WHEREAS, as
of the date hereof, 2,075,686 of the 3,380,000 Series A Preferred Units authorized to be issued have been issued and are outstanding;

 

     

     

    

 

WHEREAS, the
General Partner has authorized the issuance and sale of up to 3,450,000 shares of Series A Preferred Stock in an underwritten public
offering, at a gross offering price of $25.25 per share of Series A Preferred Stock, and, in connection therewith, the General
Partner, pursuant to Section 4.02(b) of the Partnership Agreement, will, upon the issuance and sale of any shares of Series A Preferred
Stock in such offering, contribute the net proceeds of such issuances and sales to the Partnership in exchange for, and will cause
the Partnership to issue to the General Partner, a number of Series A Preferred Units equal to the number of shares of Series A
Preferred Stock actually issued in such offering; and

 

WHEREAS, pursuant
to the authority granted to the General Partner pursuant to Section 4.02(a) and Article 11 of the Partnership Agreement, and as
authorized by the unanimous written consent of a committee of the Board of Directors of the General Partner which has been delegated
certain power and authority of the Board of Directors of the General Partner, dated as of September 4, 2019, the General Partner
desires to amend the Partnership Agreement to increase the number of Series A Preferred Units it is authorized to issue and to
issue additional Series A Preferred Units to the General Partner.

 

NOW, THEREFORE,
in consideration of good and valuable consideration, the receipt and sufficiency of which hereby are acknowledged, the General
Partner hereby amends the Partnership Agreement as follows:

 

Annex A
to the Partnership Agreement is hereby amended by deleting Section 1 thereof and replacing such Section with the following new
Section 1:

 

“1. Designation
and Number. A series of Preferred Units (as defined below) of American Finance Operating Partnership, L.P., a Delaware limited
partnership (the “Partnership”), designated the “7.50% Series A Cumulative Redeemable Perpetual Preferred
Units” (the “Series A Preferred Units”), is hereby established. The number of authorized Series A Preferred
Units shall be 6,796,000.”

 

Except as modified
herein, all terms and conditions of the Partnership Agreement shall remain in full force and effect, which terms and conditions
the General Partner hereby ratifies and confirms.

 

[SIGNATURE PAGE FOLLOWS]

 

     

     

    

 

IN WITNESS WHEREOF, the undersigned
has executed this Amendment as of the date first set forth above.

 

 

	 	GENERAL
    PARTNER:
	 	 	 	 
	 	 	 	 
	 	 	 	 
	 	AMERICAN
    FINANCE TRUST, INC.
	 	 	 	 
	 	 	 	 
	 	By:	 	/s/  Edward M. Weil, Jr.	 
	 	Name: Edward
    M. Weil, Jr.
	 	Title: Chief
    Executive Officer and President

 

 

    
[Signature Page to Fourth Amendment to Second Amended and Restated Agreement of Limited Partnership]

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