Document:

hwke_ex1022.htm

 
 EXHIBIT 10.22
  
 CONSULTING AGREEMENT
  
 THIS AGREEMENT is dated for reference the 15th day of January, 2021 (the “Effective Date”). BETWEEN:
  
 HAWKEYE SYSTEMS, INC., a Nevada, United States incorporated pursuant to the laws of the state of Nevada and having its head office at 6605 Abercorn Street, Savannah, GA 31405
  
 (the u Company’)
  
 AND:
  
 Christopher Mulgrew,
  
 Of __________________________ Houston, Texas
  
 (the “Consultant”)
  
 WHEREAS:
  
 	 A.
	 The Company is a Company principally engaged in procuring and selling personal protection equipment whose common shares are listed on the OTC Markets Group under the symbol HWKE;

	  
	  

	 B.
	 The Consultant shall provide management and financial consulting services, including the supervision of the senior management, all staff, and all personnel of the Company, whether employees or consultants, strategic planning and property acquisitions, strategic financial planning and annual budget reviews, as well as the implementation and monitoring of the Company’s compliance with continuous reporting requirements, internal controls over accounting systems and financial reporting to the Company.

	  
	  

	 C.
	 The Company wishes to engage the services of the Consultant, and the Consultant wishes to be engaged by the Company, to perform the functions of a consultant to the Company as set forth herein below.

 
  
 NOW THEREFORE, in consideration of the premises and the covenants and agreements of the parties hereto as hereinafter set forth, and for other good and reliable consideration, the sufficiency of which is hereby acknowledged by the parties, the parties hereto covenant and agree as follows:
  
 	 1.
	 ENGAGEMENT OF CONSULTANT

	  
	  

	 1.1 
	 The Company hereby engages the Consultant and the Consultant hereby accepts such appointment and engagement by the Company as a consultant with respect to the Services (as defined below), all upon and subject to the terms and conditions of this Agreement.

	  
	  

	 2.
	 SERVICES OF CONSULTANT

	  
	  

	 2.1
	 During the Term (as defined below), the Consultant shall provide to the Company consulting services as the Company’s Chief Financial Officer or as the Company may request from time to time (collectively, the “Services”).

	  
	  

	 2.2
	 The Consultant shall be subject to such supervision as may be imposed by the Company in its sole discretion, and the Consultant shall furnish regular reports and any other data and information relating to the Services as may, from time to time, be requested by the Company.

	  
	  

	 2.3
	 The Consultant shall hold the title of Chief Financial Officer.

	  
	  

	 3.
	 FEES AND STOCK OPTIONS

	  
	  

	 3.1
	 The Company will pay the Consultant a fee for his services in the sum of US $10,000 per month or US $120,000 per annum (the “Consulting Fee”). The Consulting Fee will initially be payable $2,500 per month on the last day of the month, with any and all remaining consulting fees due and payable on the earlier of (i) the date the Company obtains a minimum of $500,000 in investment capital or from sales of product or (ii) one year from the date of this Agreement.

	  
	  

	 3.2
	 In addition, the Consultant will be entitled to a bonus of 50% of the base Consulting Fee upon achieving the goals and objectives to be set forth on Schedule A hereto, or will be entitled to a bonus of 90% of the base Consulting Fee upon achieving the goals and objectives set forth on Schedule B hereto. Consultant and the Company agree to meet and confer to mutually agree upon such goals and objectives on or before January 31, 2021.

 
  
 	 
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 	 3.4
	 Upon execution of this Agreement, the Company will issue to Consultant an option to acquire 500,000 shares of the Company’s Common Stock at $0.45 per share (the Exercise Price”) pursuant to the terms of the Option Agreement set forth as Exhibit C hereto (the “Option”), as well as the terms of the Company’s 2019 Directors, Officers, Employees and Consultants Stock Option Plan (the “Plan”). The terms and conditions of the Plan are hereby incorporated by referenced. Consultant’s right to acquire the Shares pursuant to the Option shall vest 20% immediately upon issuance of this option, and an additional 20% every three months thereafter. In the event Consultant is able to get all of the required periodic reports filed with the US Securities and Exchange Commission within 60 days of this Agreement, Consultant shall be issued an additional 25,000 options exercisable at $0.45 per share but not subject to vesting.

	  
	  

	 3.3
	 In addition, the Company will pay to the Consultant all reasonable expenses of the Consultant as agreed to from time to time which are incurred by the Consultant in delivery of the Services, based on monthly invoices submitted to the Company, including copies of all paid receipts.

	  
	  

	 4
	 TERM AND RENEWAL

	  
	  

	 4.1
	 During the term of this Agreement, the Consultant shall provide his Services to the Company in a timely manner.

	  
	  

	 4.2
	 The term of this Agreement (“Term”) shall commence on the Effective Date and until terminated in accordance with the termination provisions under Section 5 of this Agreement. The terms of the contract will renew automatically on the anniversary of the agreement unless otherwise agreed by the Company and the Consultant.

	  
	  

	 5.
	 TERMINATION

	  
	  

	 5.1 
	 Notwithstanding any other provision herein, it is understood and agreed by and between the parties hereto that this Agreement may be terminated:

	  
	  

	 (a)
	 by the Company immediately by providing to the Consultant written notice of immediate termination if the Consultant fails to remedy any deficiency or default in provided the Services under this Agreement after having been given notice of the deficiency or default and a reasonable opportunity to remedy the deficiency or default;

	  
	  

	 (b)
	 by either party without cause or penalty by providing the other with 90 days notice in writing from the date of this agreement.

	  
	  

	 (c)
	 Upon termination of this Agreement, The Company shall not be required to make any further payments to the Consultant except for unpaid invoices.

	  
	  

	 (d) 
	 by the Consultant electing to give the Company notice, in the event that there occurs a Change of Control (as defined below) within six (6) months of the effective date of such Change of Control, and if the Consultant so elects to terminate this Agreement, then the Consultant will be immediately entitled to a termination payment equal to 12 months of his base salary and any unpaid cash bonuses. Further, all unvested equity options granted to the consultant, including but not limited to Options, shall vest immediately.

	  
	  

	  
	 For the purpose of this Section 5.1(d), a Change of Control shall be deemed to have occurred when:

 
  
 (i) any person, entity or group becomes the beneficial owner of 50% or more of the combined voting power of the Hawkeye Systems, Inc. then outstanding voting securities entitled to vote generally in the election of directors, and such person, entity or group uses such effective voting control to change a majority of the Board of Directors of Hawkeye Systems, Inc., either all at once or through any series of elections and appointments when considered together; or
  
 (ii) completion of the sale or other disposition by Hawkeye Systems, Inc. of all or substantially all of the Hawkeye System Inc.’s assets or a reorganization or merger or consolidation of Hawkeye Systems, Inc. with any other entity or corporation, other than:
  
 (A) a reorganization or merger or consolidation that would result in the voting securities of Hawkeye Systems, Inc. outstanding immediately prior thereto continuing to represent, either by remaining outstanding or by being converted into voting securities of another entity, more than 50.1% of the combined voting power of the voting securities of Hawkeye Systems, Inc.. or such other entity outstanding immediately after such reorganization or merger or consolidation; or
  
 (B) a reorganization or merger or consolidation effected to implement a recapitalization or reincorporation of Hawkeye Systems, Inc. (or similar transaction) that does not result in a material change in beneficial ownership of the voting securities of Hawkeye Systems, Inc. or its successor.
  
 	 
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 	 5.2 
	 This Agreement and the Term shall terminate automatically, without any prior notice or any payment to the Consultant, in the event that:

 
  
 	  
	 (a)
	 the Consultant should no longer be able to provide the Services; or

	  
	  
	  

	  
	 (b)
	 the Consultant commits any material breach of this Agreement which breach is not remedied within 30 days after notice to the Consultant of such breach.

 
  
 	 6.
	 CONFIDENTIALITY

	  
	  

	 6.1 
	 The Consultant acknowledges and agrees that in the performance of its obligations under this Agreement, it may obtain knowledge of Confidential Information (as defined below) relating to the business or affairs of the Company or its affiliated companies (the “Affiliated Companies’“). The Consultant shall not, without the prior written consent of the Company, either during the Term or at any time thereafter:

 
  
 	  
	 (a) 
	use or disclose any Confidential Information outside of the Company or the Affiliated Companies;
	  
	  
	  

	  
	 (b) 
	except in undertaking the Services, remove or aid in the removal from the premises of the Company or any of the Affiliated Companies any Confidential Information or any property or material relating thereto: or
	  
	  
	  

	  
	 (c) 
	use the Confidential Information for any purpose other than in performing the Services.

 
  
 	 6.2
	 The Consultant shall exercise a reasonable degree of care in safeguarding the aforementioned Confidential Information against loss, theft, or other inadvertent disclosure, and further agrees to take all reasonable steps necessary to ensure the maintenance of confidentiality.

	  
	  

	 6.3
	 Upon the termination of this Agreement or upon the Company’s earlier request, the Consultant shall promptly deliver to the Company all of the Confidential Information that the Consultant and the Principal may have in their possession or control.

	  
	  

	 6.4
	 In this Agreement, “Confidential Information” shall mean any information or knowledge including, without limitation, any document, materials, know how, discovery, strategy, method, idea, client list, marketing strategy or employee compensation, or copies or adaptations thereof, that relates to the business or affairs of the Company and / or the Affiliated Companies; and is private or confidential in that it is not generally known or available to the public. Without limiting the generality of the forgoing “Confidential Information” will include:

 
   
 	  
	 (a) 
	information regarding the Company and the Affiliated Companies’ business operations, methods and practices, including marketing strategies, product pricing, margins and hourly rates for staff, costs and all information regarding the financial affairs of the Company and the Affiliated Companies;
	  
	  
	  

	  
	 (b) 
	all information related to the projects, facilities, equipment and other assets used in the business of the Company and the Affiliated Companies, and all information related to the exploration or development of (or potential exploration or development of) the Company and the Affiliated Companies’ properties or projects, including without limitation any properties or projects in respect of which the Company has made any application or is in any negotiations for the acquisition of an ownership, leasehold or other interest in;
	  
	  
	  

	  
	 (c) 
	terms of the Company and the Affiliated Companies’ relationship with, its investors, (if not otherwise publicly available), partners, clients, suppliers of products or services, and the Company and the Affiliated Companies’ referral sources;
	  
	  
	  

	  
	 (d) 
	all information concerning exploration, financing or other business opportunities of the Company and the Affiliated Companies, including all projects, ventures or joint ventures considered by the Company and the Affiliated Companies, whether or not pursued; and
	  
	  
	  

	  
	 (e) 
	all trade secrets or other confidential or proprietary information of the Company and the Affiliated Companies including, business plans, concepts, techniques, processes, designs, data, software programs, formulae, development or experimental work, work in process or other know-how.

 
  
 	 
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 	 6.5
	 Confidential Information shall specifically not include anything that:

 
  
 	  
	 (a) 
	is in or enters lawfully into the public domain other than as a result of a disclosure by the Consultant;
	  
	  
	  

	  
	 (b) 
	becomes available to the Consultant on a non-confidential basis from a source other than the Company or the affiliated Companies, or any of its representatives, and that source was not under any obligation of confidentiality; or
	  
	  
	  

	  
	 (c) 
	the Consultant is required to disclose pursuant to an order of a court of competent jurisdiction or by the operation of law; provided that, the Consultant provides prompt prior written notice to the Company of such required disclosure and of the action which is proposed to be taken in response. In such an event, and only after the Consultant shall have made a reasonable effort to obtain a protective order or other reliable assurance affording such information confidential treatment, the Consultant shall furnish only that portion of the Confidential Information which it is required to disclose.

 
   
 	 7.
	 NON-SOLICITATION

	  
	  

	 7.1
	 The Consultant covenants, undertakes and agrees with the Company that during the Term and for a period of one year from the date of expiration or termination of this Agreement for any reason whatsoever, it shall not, on its own behalf or on behalf of any person, whether directly or indirectly, in any capacity whatsoever, offer employment to or solicit the employment of or otherwise entice away from the employment of the Company or any of the Affiliated Companies, any individual who is employed or engaged by the Company or any of the Affiliated Companies at the date of expiration or termination of this Agreement or who was employed or engaged by the Company or any of the Affiliated Companies, within the one year period immediately preceding the date of expiration or termination of this Agreement, as applicable.

	  
	  

	 7.2
	 The Consultant acknowledges and agrees that the above restriction on non-solicitation is reasonable and necessary for the proper protection of the businesses, property and goodwill of the Company and the Affiliated Companies.

	  
	  

	 8.
	 DISCLOSURE AND ASSIGNMENT OF PROJECTS AND WORKS

	  
	  

	 8.1
	 The Consultant agrees that all discoveries, maps, technical studies, plans, spreadsheets, documents, inventions, copyright, software, improvements, know-how or other intellectual property, whether or not patentable or copyrightable, created by the Consultant during the Term of this Agreement pertaining to any service, matter, thing, process or method related to this Agreement (the “Works”) will be the sole and absolute property of the Company. The Consultant will keep and maintain adequate and current written records of all Works made, which records will be available at all times to the Company and will remain the sole property of the Company.

	  
	  

	 8.2
	 The Consultant will assist the Company in obtaining and enforcing, for the Company’s own benefit, patents, copyrights and any other protections in any and all countries for any and all Works made by the Consultant (in whole or in part) the rights to which belong to or have been assigned to the Company. The Consultant agrees, upon request, to execute all applications, assignments, instruments and papers and perform all acts that the Company or its counsel may deem necessary or desirable to obtain any and all patents, copyrights or other protection in such Works and otherwise to protect the interests of the Company therein.

	  
	  

	 9.
	 COMPLIANCE WITH LAWS

	  
	  

	 9.1
	 The Services undertaken by the Consultant under this Agreement shall be in full compliance with all applicable laws and consistent with a high degree of business ethics.

	  
	  

	 10.
	 INDEMNIFICATION

	  
	  

	 10.1
	 The Consultant shall indemnify and save harmless the Company for any demonstrated losses, damages, costs or other amounts, including without limitation reasonable legal fees, suffered or incurred by the Company arising out of third party claims relating to the presence or activities of the Consultant or its representatives in performing the Services to the extent that such losses, damages, costs or other amounts are caused by:

 
  
 	  
	 (a) 
	any breach of the Consultant’s obligation in Section 10 herein; and
	  
	  
	  

	  
	 (b) 
	any negligence, willful misconduct or fraud on the part of the Consultant in performing the Services.

 
  
 	 
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 	 10.2
	 Subject to the Consultant’s obligation to indemnify the Company under this Section 10, and provided that the Consultant has not breached Section 10, the Company shall indemnify and save harmless the Consultant for any demonstrated losses, damages, costs or other amounts, including without limitation reasonable legal fees, suffered or incurred by the Consultant arising out of third party claims relating to the presence or activities of the Consultant and/or its representatives in performing the Services to the extent that such losses, damages, costs or other amounts are caused by the negligence, willful misconduct or fraud on the part of the Company.

	  
	  

	 10.3
	 Neither the Company nor the Consultant shall be liable for any consequential loss, including but not limited to, claims for loss of profit, revenue or capital, loss of use of utilities, equipment or facilities, down-time cost, service interruption, cost of money, injury or damage of any character whatsoever.

	  
	  

	 11.
	 REMEDIES

	  
	  

	 11.1
	 The Consultant acknowledges and agrees that any breach of this Agreement by it could cause irreparable damage to the Company and / or the Affiliated Companies and that in the event of a breach by the Consultant, the Company shall have in addition to any and all other remedies at law or in equity, the right to an injunction, specific performance or other equitable relief to prevent any violation by the Consultant of any of the provisions of this Agreement. In the event of any such dispute, the Consultant agrees that the Company shall be entitled, without showing actual damages, to a temporary or permanent injunction restraining conduct of the Consultant pending a determination of such dispute and that no bond or other security shall be required from the Company in connection therewith. The Consultant acknowledges and agrees that the remedies of the Company specified in this Agreement are in addition to and not in substitution for any other rights and remedies of the Company at law or in equity and that all such rights and remedies are cumulative and not alternative or exclusive of any other rights or remedies and that the Company may have recourse to any one or more of its available rights and remedies as it shall see fit.

	  
	  

	 12.
	 RELATIONSHIP

	  
	  

	 12.1
	 The Company and Consultant each acknowledge and agree that the only relationship of the Consultant to the Company created by this Agreement shall for all purposes be that of a contractor, and all persons employed or engaged by the Consultant, in connection herewith shall for all purposes be considered to be employed or engaged, as applicable, by the Consultant and not by the Company. The Company shall have no obligation whatsoever to pay or compensate the Consultant and/or any representative of the Consultant for taxes of any kind whatsoever that arise out of or with respect to any Consulting Fee, or any other fee, remuneration or compensation provided to the Consultant under this Agreement.

	  
	  

	 12.2
	  The Consultant shall fully indemnity and hold harmless the Company from and against all assessments, claims, liabilities, costs, expenses and damages that the Company and / or any of the Affiliated Companies may suffer or incur with respect to any such taxes or benefits. For greater clarity, the Consultant is solely responsible for the deduction and remissions of income tax, pension and employment insurance in respect of any employees retained by the Consultant to perform the services under this Agreement. Furthermore, if these amounts are not remitted, the Consultant will, in addition to any other provision under this Agreement, indemnify and hold harmless the Company, its subsidiaries, affiliates and their respective directors and officers from and against any claim for taxes, penalties and for withholding of funds by the applicable tax, worker’s compensation, employment standards and insurance agencies or any other government agency with respect to any amount found to be payable by the Company to such agency or commission in respect of the Consultant’s provision of services under this Agreement, including any legal fees incurred by the Company in defending such claims.

	  
	  

	 13.
	 SURVIVAL OF TERMS

	  
	  

	 13.1 
	 Sections 6 through 12, inclusive, and this Section 13, shall survive and remain in force notwithstanding the expiration or other termination of this Agreement for any reason whatsoever. Any expiration or termination of this Agreement shall be without prejudice to any rights and obligations of the parties hereto arising or existing up to the effective date of such expiration or termination, or any remedies of the parties with respect thereto.

 
  
 	 
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 	 14.
	 LIMITED AUTHORITY AS AGENT

	  
	  

	 14.1 
	 Unless otherwise agreed to in writing by the parties, the Consultant may not act as an agent of the Company. Without limiting the generality of the foregoing, the Consultant shall not commit or be entitled to commit the Company to any obligation whatsoever nor shall the Consultant incur or be entitled to incur any debt or liability whatsoever on behalf of the Company, except as otherwise agreed to by the Company.

	  
	  

	 15.
	 NO ASSIGNMENT

	  
	  

	 15.1 
	 Neither this Agreement nor any of the rights of any of the parties under this Agreement shall be assigned without the written consent of all the parties.

	  
	  

	 16.
	 SUCCESSORS AND ASSIGNS

	  
	  

	 16.1 
	 The Agreement shall inure to the benefit of and be binding upon the parties and their respective heirs, executors, administrators, successors and permitted assigns, as the case may be.

	  
	  

	 17.
	 WAIVER

	  
	  

	 17.1
	 Any waiver of any breach or default under this Agreement shall only be effective if in writing signed by the party against whom the waiver is sought to be enforced, and no waiver shall be implied by indulgence, delay or other act. omission or conduct. Any waiver shall only apply to the specific matter waived and only in the specific instance in which it is waived.

	  
	  

	 18.
	 GOVERNING LAWS

	  
	  

	 18.1 
	 Unless otherwise agreed to in writing by the parties, the Agreement shall be governed by and construed in accordance with the laws of the State of Georgia applicable therein, and the parties hereto submit and attorn to the jurisdiction of the courts of the Savannah, Georgia.

	  
	  

	 19.
	 FURTHER ASSURANCES

	  
	  

	 19.1 
	 Each of the parties shall, on request by the other party, execute and deliver or cause to be executed and delivered all such further documents and instruments and do all such further acts and things as the other party may reasonably require to evidence, carry out and give full effect to the terms, conditions, intent and meaning of this Agreement and to ensure the completion of the transactions contemplated hereby.

	  
	  

	 20.
	 NOTICES

	  
	  

	 20.1 
	 All notices required or permitted under this Agreement shall be in writing and shall be given by delivering such notice or mailing such notice by pre-paid registered mail, by facsimile transmission or electronic mail to the addresses provided under the names of each party on the first page to this Agreement. Any such notice or other communication shall, if delivered, be deemed to have been given or made and received on the date delivered (or the next business day if the day of delivery is not a business day), and if mailed, shall be deemed to have been given or made and received on the fifth business day following the day on which it was so mailed and if faxed (with confirmation received) shall be deemed to have been given or made and received on the day on which it was so faxed (or the next business day if the day of sending is not a business day). The parties may give from time to time written notice of change of address in the manner aforesaid.

	  
	  

	 21.
	 CONSTRUCTION

	  
	  

	 21.1
	 In this Agreement, unless otherwise indicated:

 
  
 	 (a)
	 “Agreement” means this Consulting Agreement;

	  
	  

	 (b)
	 the words “include”, “including” or “in particular’, when following any general term or statement, shall not be construed as limiting the general term or statement to the specific items or matters set forth or to similar items or matters, but rather as permitting the general term or statement to refer to all other items or matters that could reasonably fall within the broadest possible scope of the general term or statement;

 
  
 	 
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 	 (c)
	 “herein”, “hereby”, “hereunder”, “hereof, “hereto” and words of similar import, refer to this Agreement as a whole and not to any particular Section of this Agreement.

	  
	  

	 (d)
	 a reference to a statute means that statute, as amended and in effect as of the date hereof, and includes each and every regulation and rule made thereunder and in effect as of the date hereof, and includes all amendments thereof given effect from time to time;

	  
	  

	 (e)
	 a reference to a Section means, unless the context otherwise requires, that specific Section in Agreement;

	  
	  

	 (f)
	 a reference to a “consent”, “notice” or “agreement” means a consent, notice or agreement, as the case may be, by an authorized representative of the party or parties thereto;

	  
	  

	 (g)
	 where a word, term or phrase is defined herein, its derivatives or other grammatical forms have a corresponding meaning;

	  
	  

	 (h)
	 all words, other than defined terms, used in this Agreement, regardless of the number and gender in which they are used, shall be deemed and construed to include the singular or the plural and the masculine, feminine or body corporate, as the context may require;

	  
	  

	 (i)
	 time is of the essence;

	  
	  

	 (j) 
	 in the event that any date on which any action is required to be taken hereunder by any of the parties hereto is not a business day, such action shall be required to be taken on the next succeeding day which is a business day;

	  
	  

	 (k) 
	 references to a “party” or “parties’“ are references to a party or parties to this Agreement;

	  
	  

	 (I) 
	 the headings in this Agreement form no part of this Agreement and shall be deemed to have been inserted for convenience only;

	  
	  

	 (m) 
	 the Effective Date of this Agreement shall be January 15, 2021. despite the actual date of execution of this Agreement.

	  
	  

	 22.
	 SEVERABILITY

	  
	  

	 22.1 
	 If any provision of this Agreement is held by a court of competent jurisdiction to be invalid, illegal or unenforceable, then to the fullest extent permitted by law:

	  
	  

	 (a)
	 all other provisions of this Agreement shall remain in full force and effect in such jurisdiction and shall be liberally construed in order to carry out the intentions of the parties as nearly as may be possible; and

	  
	  

	 (b)
	 such invalidity, illegality or unenforceability shall not affect the validity, legality or enforceability of such provision in any other jurisdiction.

	  
	  

	 23.
	 COUNTERPARTS AND FACSIMILE

	  
	  

	 23.1 
	 This Agreement may be executed in one or more counterparts and delivered by facsimile, each of which when so executed shall constitute an original and all of which together shall constitute one and the same agreement.

	  
	  

	 24.
	 INDEPENDENT LEGAL ADVICE

	  
	  

	 24.1 
	 The Company has recommended to the Consultant that it obtain independent legal advice prior to signing this Agreement. The Consultant acknowledges that it has received independent legal advice or has waived the opportunity to do so and have elected to proceed without benefit of same.

	  
	  

	 24.
	 ENTIRE AGREEMENT

	  
	  

	 24.1
	 This Agreement states and comprises the entire agreement between the parties in connection with the subject matter of this Agreement. There are no representations, warranties, terms, conditions, undertakings or collateral agreements express or implied between the parties other than expressly set forth in this Agreement.

 
  
 	 
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 IN WITNESS WHEREOF this Agreement has been executed as of the Effective Date.
  
 	 HAWKEYE SYSTEMS, INC.:
	  

	  
	  

	 Per:
	  

	  
	  

	  
	  

	 Corby Marshall, Chief Executive Officer
	  

	  
	  

	 Authorized Signatory
	  

	  
	  

	 CHRISTOPHER MULGREW
	  

	  
	  

	  
	  

	  
	  

	 Authorized Signatory
	  

 
   
 	 
	8Exhibit 10.1

 

EXECUTION VERSION

 

January 29, 2021

 

TPVG Variable Funding Company LLC

TriplePoint Venture Growth BDC Corp.

2755 Sand Hill Road, Suite 150

Menlo Park, California 94025

Attention: Sajal Srivastava

 

		Re:	Receivables Financing Agreement dated as of February 21, 2014 (as amended, waived or otherwise
modified from time to time prior to the date hereof, the “Agreement”) by and among TPVG Variable Funding Company
LLC, as borrower (“Borrower”), TriplePoint Venture Growth BDC Corp., as collateral manager (“Collateral
Manager”) and as sole equityholder, Vervent, Inc., as backup collateral manager, Deutsche Bank Trust Company Americas,
as paying agent, U.S. Bank National Association, as custodian, the Agents from time to time party thereto, the Lenders from time
to time party thereto, and Deutsche Bank AG, New York Branch, as facility agent (“Facility Agent”).

 

Dear Mr. Srivastava:

 

Reference is made to the Agreement. Capitalized
terms used but not specifically defined in this letter agreement shall have the meanings provided for such terms in the Agreement.

 

The Borrower and the
Collateral Manager have requested that the Required Lenders, the Agents and the Facility Agent agree to make certain amendments
as set forth in this letter agreement and such parties have reviewed this request and wish to amend the Agreement as set forth
herein. In consideration of the covenants contained herein and other good and valuable consideration the receipt and sufficiency
of which are acknowledged, the parties hereto agree as follows:

1. Amendments.

 

(a) As
of the date of this letter agreement, the Agreement is hereby amended to delete the stricken text (indicated textually in the
same manner as the following example: stricken text) and to add the bold and
double-underlined text (indicated textually in the same manner as the following example: bold
and double-underlined text) as set forth on the pages of the Agreement attached as Appendix A hereto.

 

2. Conditions
Precedent. This letter agreement shall become effective upon the satisfaction of the following conditions (or until such conditions
are waived in writing by the Facility Agent in its sole discretion):

 

(a) the
execution and delivery of this letter agreement by each party hereto;

 

(b) the
execution and delivery of the Joinder Supplement and any ancillary documents related thereto by First Foundation Bank;

 

     

     

    

 

(c) the
execution and delivery of the joinder to the Lender Fee Letter by First Foundation Bank;

 

(d) the
Administrative Agent shall have received satisfactory evidence that the Borrower has obtained all required consents and approvals
of all Persons to the execution, delivery and performance of this letter agreement and the consummation of the transactions contemplated
hereby;

 

(e) the
Administrative Agent shall have received the executed legal opinion or opinions of Otterbourg P.C., counsel to the Borrower, covering
authorization and enforceability of this letter agreement in form and substance acceptable to the Administrative Agent in its reasonable
discretion;

 

(f) the
Administrative Agent shall have received a good standing certificate for the Borrower issued by the applicable Official Body of
its jurisdiction of organization, dated on or about the date of this Amendment; and

 

(g) all
fees (including reasonable and documented fees, disbursements and other charges of counsel) due to the Lenders on or prior to the
effective date of this Amendment have been paid in full.

 

3. Agreement
in Full Force and Effect. Except as specifically amended hereby, all of the terms and conditions of the Agreement shall remain
in full force and effect.

 

4. Representations.
Each of the Borrower and the Collateral Manager severally represents and warrants that:

 

(a)  it
has been duly organized and is validly existing under the laws of the jurisdiction of its organization, with power and authority
to own its properties and to conduct its business as such properties are currently owned and such business is currently conducted.
It had at all relevant times and now has, power, authority and legal right (x) to acquire and own the Transferred Contracts and
the Related Security, and to grant to the Facility Agent a security interest in the Transferred Contracts and the Related Security
and the other Borrower Collateral and (y) to enter into and perform its obligations under this Agreement and the other Transaction
Documents to which it is a party;

 

(b) it
is duly qualified to do business and has obtained all necessary licenses and approvals in all jurisdictions, except where the failure
to do so would not reasonably be expected to have a material adverse effect on (i) its ability to perform its obligations under
this Agreement, (ii) the validity or enforceability of the Contracts and the Related Security or (iii) its ability to perform its
obligations under its Transaction Documents;

 

(c) it
has the power and authority to execute and deliver this Agreement and the other Transaction Documents to which it is a party and
to perform its obligations hereunder and thereunder; has full power and authority to grant to the Facility Agent, for the benefit
of the Secured Parties, a perfected first priority security interest in the Transferred Contracts and the other Borrower Collateral
and has duly authorized such grant by all necessary action; and the execution, delivery and performance of this Agreement and the
other Transaction Documents to which it is a party have been duly authorized by it by all necessary action;

 

     

     

    

 

(d) all
acts, filings and conditions required to be done and performed and to have happened (including, without limitation, the obtaining
of necessary governmental approvals) precedent to the entering into of this letter agreement and making it the duly authorized,
legal, valid and binding obligation of such party, enforceable in accordance with its terms, have been done, performed and have
happened in due and strict compliance with all applicable laws; and

 

(e) (i)
no Event of Default, Unmatured Event of Default, Collateral Manager Default or Unmatured Collateral Manager Default has occurred
and is continuing and (ii) the representations and warranties of each of the Borrower and the Collateral Manager contained in the
Agreement are true and correct in all material respects on and as of such day (other than any representation and warranty that
is made as of a specific date).

 

5. Miscellaneous.

 

(a) This
letter agreement may be executed in any number of counterparts, each of which, taken together, shall constitute one and the same
agreement.

 

(b) No
amendment, modification or waiver of any provision of this letter agreement shall be effective without the written agreement of
each of the parties hereto. Any waiver or consent shall be effective only in the specific instance and for the specific purpose
for which given.

 

(c) This
letter agreement shall become effective upon the Facility Agent’s receipt of executed counterparts from each of the other
parties hereto.

 

(d) The
parties hereto may sign one or more copies of this Amendment in counterparts, all of which together shall constitute one and the
same agreement. Delivery of an executed signature page of this Amendment by facsimile or email transmission shall be effective
as delivery of a manually executed counterpart hereof. The parties agree that this Amendment may be executed and delivered by electronic
signatures and that the signatures appearing on this Amendment are the same as handwritten signatures for the purposes of validity,
enforceability and admissibility.

 

(e) THIS
LETTER AGREEMENT SHALL BE A CONTRACT MADE UNDER AND GOVERNED BY THE INTERNAL LAW OF THE STATE OF NEW YORK WITHOUT REGARD TO ANY
OTHERWISE APPLICABLE CONFLICT OF LAW PRINCIPLES (OTHER THAN SECTION 5-1401 OF THE NEW YORK GENERAL OBLIGATIONS LAW).

 

[Signature pages follow]

 

     

     

    

 

	 	Very truly yours,
	 	 	 
	 	DEUTSCHE BANK AG, NEW YORK BRANCH, as Facility Agent and Syndication Agent
	 	 
	 	By:	/s/ Amit Patel
	 	 	Name: Amit Patel
	 	 	Title:   Managing Director
	 	 	 
	 	By:	/s/ Ho Min Kwak
	 	 	Name: Ho Min Kwak
	 	 	Title:   Vice President

 

[Signature Page to Thirteenth Amendment
to RFA]

 

     

     

    

 

	Accepted and Agreed:	 
	 	 
	TPVG VARIABLE FUNDING COMPANY LLC,	 
	as Borrower	 
	 	 
	By:	/s/ Christopher M. Mathieu	 
	Name:	Christopher M. Mathieu	 
	Title: 	Chief Financial Officer	 
	 	 	 
	TRIPLEPOINT VENTURE GROWTH BDC CORP.,	 
	 individually, as Collateral Manager and as Equityholder	 
	 	 
	By:	/s/ Christopher M. Mathieu	 
	Name:	Christopher M. Mathieu	 
	Title: 	Chief Financial Officer	 

 

[Signature Page to Thirteenth Amendment
to RFA]

 

     

     

    

 

	DEUTSCHE BANK AG, NEW YORK BRANCH,	 
	as Committed Lender and Agent	 
	 	 
	By:	/s/ Amit Patel	 
	Name:	Amit Patel	 
	Title:	Managing Director	 
	 	 	 
	By:	/s/ Ho Min Kwak	 
	Name:	Ho Min Kwak	 
	Title:	Vice President	 

 

[Signature Page to Thirteenth Amendment
to RFA]

 

     

     

    

  

	KEYBANK NATIONAL ASSOCIATION,	 
	as Committed Lender and Agent	 
	 	 
	By:	/s/ Richard Andersen	 
	Name:	Richard Andersen	 
	Title:	Senior Vice President	 

 

[Signature Page to Thirteenth Amendment
to RFA]

 

     

     

    

 

	TIAA, FSB,	 
	as Committed Lender and Agent	 
	 	 
	By:	/s/ Edward McGugan	 
	Name:	Edward McGugan	 
	Title:	Managing Director	 

 

[Signature Page to Thirteenth Amendment
to RFA]

 

     

     

    

 

	MUFG UNION BANK, N.A.,	 
	as Committed Lender and Agent	 
	 	 
	By:	/s/ J. William Bloore	 
	Name:	J. William Bloore	 
	Title:	Managing Director	 

 

[Signature Page to Thirteenth Amendment
to RFA]

 

     

     

    

 

	CUSTOMERS Bank,	 
	as Committed Lender and Agent	 
	 	 
	By:	/s/ Lyle P. Cunningham	 
	Name:	Lyle P. Cunningham	 
	Title:	Executive Vice President	 

 

[Signature Page to Thirteenth Amendment
to RFA]

 

     

     

    

  

	FIRST FOUNDATION Bank,	 
	 as Committed Lender and Agent	 
	 	 
	By:	/s/ Michael Berry	 
	Name:	Michael Berry	 
	Title:	Senior Vice President	 

 

[Signature Page to Thirteenth Amendment
to RFA]

 

     

     

    

 

APPENDIX A

 

(See Attached)

 

 

    

     

    

  

EXECUTION VERSION

 

Conformed through
Amendment No. 1213
dated December 11, 2020January 29, 2021

 

RECEIVABLES FINANCING AGREEMENT

 

dated as of February 21, 2014

 

TPVG VARIABLE FUNDING COMPANY
LLC,

as Borrower,

 

TRIPLEPOINT VENTURE GROWTH
BDC CORP.,

individually and as Collateral
Manager and as Equityholder,

 

VERVENT INC.,

as Backup Collateral Manager

 

THE LENDERS PARTIES HERETO,

 

DEUTSCHE BANK AG, NEW YORK BRANCH,

as Facility Agent,

 

DEUTSCHE BANK TRUST COMPANY
AMERICAS

as Paying Agent,

 

     

     

    

 

TABLE OF CONTENTS

 

	 	Page
	 	 
	ARTICLE I DEFINITIONS	1
	 	 	 
	Section 1.1	Defined Terms.	1
	 	 	 
	Section 1.2	Other Definitional Provisions.	4647
	 	 	 
	ARTICLE II THE FACILITY, ADVANCE PROCEDURES AND NOTES	4849
	 	 	 
	Section 2.1	Advances.	4849
	 	 	 
	Section 2.2	Funding of Advances.	4849
	 	 	 
	Section 2.3	Notes.	4950
	 	 	 
	Section 2.4	Repayment and Prepayments.	5051
	 	 	 
	Section 2.5	Defaulting Lenders.	5051
	 	 	 
	Section 2.6	Replacement of Lenders.	5152
	 	 	 
	Section 2.7	Extension of Revolving Period.	5253
	 	 	 
	Section 2.8	Increase of Facility Amount.	5354
	 	 	 
	ARTICLE III YIELD, FEES, ETC.	5354
	 	 	 
	Section 3.1	Yield.	5354
	 	 	 
	Section 3.2	Yield Payment Dates.	5354
	 	 	 
	Section 3.3	Yield Calculation.	5455
	 	 	 
	Section 3.4	Computation of Yield.	5455
	 	 	 
	ARTICLE IV PAYMENTS; TAXES	5455
	 	 	 
	Section 4.1	Making of Payments to and by the Agents.	5455
	 	 	 
	Section 4.2	Due Date Extension.	5455
	 	 	 
	Section 4.3	Taxes.	5455

 

    i

     

    

 

	ARTICLE V INCREASED COSTS, ETC.	5859
	 	 	 
	Section 5.1	Increased Costs.	5859
	 	 	 
	Section 5.2	Funding Losses.	5960
	 	 	 
	ARTICLE VI EFFECTIVENESS; CONDITIONS TO ADVANCES	6061
	 	 	 
	Section 6.1	Effectiveness.	6061
	 	 	 
	Section 6.2	Advances.	6162
	 	 	 
	ARTICLE VII ADMINISTRATION AND MANAGEMENT OF TRANSFERRED CONTRACTS	6364
	 	 	 
	Section 7.1	Retention and Termination of the Collateral Manager.	6364
	 	 	 
	Section 7.2	Duties of the Collateral Manager.	6566
	 	 	 
	Section 7.3	Representations and Warranties of the Collateral Manager.	6768
	 	 	 
	Section 7.4	Covenants of the Collateral Manager.	6970
	 	 	 
	Section 7.5	Collateral Manager Fee; Payment of Certain Expenses by Collateral Manager; Backup Collateral Manager Fees and Expenses.	7273
	 	 	 
	Section 7.6	Compliance Certificate.	7273
	 	 	 
	Section 7.7	Annual Statement as to Compliance; Notice of Collateral Manager Default.	7273
	 	 	 
	Section 7.8	Audit of Transferred Contracts.	7374
	 	 	 
	Section 7.9	Access to Certain Documentation and Information Regarding  Contracts.	7374
	 	 	 
	Section 7.10	Certain Duties and Representations of Backup Collateral Manager.	7475
	 	 	 
	Section 7.11	Consequences of a Collateral Manager Default.	7677
	 	 	 
	Section 7.12	Appointment of Backup Collateral Manager as Successor Collateral Manager.	7677
	 	 	 
	Section 7.13	Lockbox Accounts.	7677
	 	 	 
	Section 7.14	Payments in Respect of Ineligible Contracts.	7778

 

    ii

     

    

 

	Section 7.15	Substitution of Contracts Pursuant to Technology Exchange Option.	7778
	 	 	 
	Section 7.16	Repurchase.	7879
	 	 	 
	Section 7.17	Contracts Subject to Retained Interest Provisions.	7879
	 	 	 
	ARTICLE VIII ACCOUNTS; PAYMENTS	7879
	 	 	 
	Section 8.1	Borrower Accounts.	7879
	 	 	 
	Section 8.2	Collateral Manager Reimbursements.	8081
	 	 	 
	Section 8.3	Application of Collections.	8081
	 	 	 
	Section 8.4	Additional Deposits.	8081
	 	 	 
	Section 8.5	Distributions.	8081
	 	 	 
	Section 8.6	Fees.	8283
	 	 	 
	Section 8.7	Net Deposits.	8283
	 	 	 
	ARTICLE IX REPRESENTATIONS AND WARRANTIES	8384
	 	 	 
	Section 9.1	Organization and Good Standing.	8384
	 	 	 
	Section 9.2	Due Qualification.	8384
	 	 	 
	Section 9.3	Power and Authority.	8384
	 	 	 
	Section 9.4	Security Interest; Binding Obligations.	8384
	 	 	 
	Section 9.5	[Reserved].	8485
	 	 	 
	Section 9.6	No Violation.	8485
	 	 	 
	Section 9.7	No Proceedings.	8485
	 	 	 
	Section 9.8	No Consents.	8485
	 	 	 
	Section 9.9	Solvency.	8485
	 	 	 
	Section 9.10	Tax Treatment.	8586
	 	 	 
	Section 9.11	Compliance With Laws.	8586
	 	 	 
	Section 9.12	Taxes.	8586
	 	 	 
	Section 9.13	Certificates.	8586

 

    iii

     

    

 

	Section 9.14	No Liens, Etc.	8586
	 	 	 
	Section 9.15	Purchase and Sale.	8687
	 	 	 
	Section 9.16	Information True and Correct.	8687
	 	 	 
	Section 9.17	ERISA Matters.	8687
	 	 	 
	Section 9.18	Financial or Other Condition.	8687
	 	 	 
	Section 9.19	Investment Company Status.	8687
	 	 	 
	Section 9.20	Eligible Contract Payments.	8687
	 	 	 
	Section 9.21	Use of Proceeds.	8687
	 	 	 
	Section 9.22	Separate Existence.	8788
	 	 	 
	Section 9.23	Investments.	8788
	 	 	 
	Section 9.24	Transaction Documents.	8788
	 	 	 
	Section 9.25	Ownership of the Borrower.	8788
	 	 	 
	Section 9.26	Anti-Terrorism, Anti-Money Laundering.	8788
	 	 	 
	Section 9.27	Anti-Bribery and Corruption.	8889
	 	 	 
	Section 9.28	Volcker Rule.	8990
	 	 	 
	Section 9.29	AIFMD.	8990
	 	 	 
	Section 9.30	EEA Financial Institution.	8990
	 	 	 
	ARTICLE X COVENANTS	8990
	 	 	 
	Section 10.1	Protection of Security Interest of the Secured Parties.	8990
	 	 	 
	Section 10.2	Other Liens or Interests.	9091
	 	 	 
	Section 10.3	Costs and Expenses.	9091
	 	 	 
	Section 10.4	Reporting Requirements.	9091
	 	 	 
	Section 10.5	Separate Existence.	9192
	 	 	 
	Section 10.6	Hedging Agreements.	9495
	 	 	 
	Section 10.7	Tangible Net Worth.	9697
	 	 	 
	Section 10.8	Minimum Equity.	9697

 

    iv

     

    

 

	Section 10.9	Stock, Merger, Consolidation, Etc.	9697
	 	 	 
	Section 10.10	Change in Name.	9697
	 	 	 
	Section 10.11	Indebtedness; Guarantees.	9697
	 	 	 
	Section 10.12	Limitation on Acquisitions.	9798
	 	 	 
	Section 10.13	Documents.	9798
	 	 	 
	Section 10.14	Preservation of Existence.	9798
	 	 	 
	Section 10.15	Keeping of Records and Books of Account.	9798
	 	 	 
	Section 10.16	Accounting Treatment.	9798
	 	 	 
	Section 10.17	Limitation on Investments.	9798
	 	 	 
	Section 10.18	Distributions.	9899
	 	 	 
	Section 10.19	Performance of Borrower Assigned Agreements.	9899
	 	 	 
	Section 10.20	Notice of Material Adverse Claim.	9899
	 	 	 
	Section 10.21	Delivery of Original Promissory Notes.	9899
	 	 	 
	Section 10.22	Further Assurances; Financing Statements.	99100
	 	 	 
	Section 10.23	Risk Retention Requirements.	99100
	 	 	 
	Section 10.24	Taxes.	101102
	 	 	 
	Section 10.25	Future Funding Obligations.	101102
	 	 	 
	Section 10.26	ERISA.	101102
	 	 	 
	Section 10.27	Policies and Procedures for Sanctions.	102103
	 	 	 
	Section 10.28	Compliance with Sanctions.	102103
	 	 	 
	Section 10.29	Compliance with Anti-Money Laundering.	102103
	 	 	 
	Section 10.30	Ineligible Collateral.	102103
	 	 	 
	ARTICLE XI THE BACKUP COLLATERAL MANAGER	102103
	 	 	 
	Section 11.1	Limitation on Liability of Backup Collateral Manager.	102103
	 	 	 
	Section 11.2	Covenants and Representations and Warranties of the Backup Collateral Manager.	105106

 

    v

     

    

 

	Section 11.3	Additional Provisions Applicable to Backup Collateral Manager.	105106
	 	 	 
	ARTICLE XII THE CUSTODIAN	106107
	 	 	 
	Section 12.1	Delivery of Contract Files; Custodian to Act as Agent.	106107
	 	 	 
	Section 12.2	Contract File Certification.	108109
	 	 	 
	Section 12.3	Obligations of the Custodian.	109110
	 	 	 
	Section 12.4	Release of Contract Files.	111112
	 	 	 
	Section 12.5	Removal or Resignation of the Custodian.	113114
	 	 	 
	Section 12.6	Examination of Contract Files.	114115
	 	 	 
	Section 12.7	Insurance of the Custodian.	114115
	 	 	 
	Section 12.8	Representations and Warranties.	114115
	 	 	 
	Section 12.9	Statements.	115116
	 	 	 
	Section 12.10	No Adverse Interest of the Custodian.	115116
	 	 	 
	Section 12.11	Lost Note Affidavit.	115116
	 	 	 
	Section 12.12	Reliance of the Custodian.	115116
	 	 	 
	Section 12.13	Term of Custody.	116117
	 	 	 
	Section 12.14	Tax Reports.	116117
	 	 	 
	Section 12.15	Transmission of Contract Files.	116117
	 	 	 
	Section 12.16	Further Rights of the Custodian.	116117
	 	 	 
	Section 12.17	Custodian Compensation.	118119
	 	 	 
	Section 12.18	Compliance with Applicable Banking Law.	118119
	 	 	 
	ARTICLE XIII GRANT OF SECURITY INTEREST	119120
	 	 	 
	Section 13.1	Borrower’s Grant of Security Interest.	119120
	 	 	 
	Section 13.2	Borrower Remains Liable.	120121
	 	 	 
	Section 13.3	Release of Collateral.	120121
	 	 	 
	Section 13.4	Certain Remedies.	121122

 

    vi

     

    

 

	Section 13.5	Limitation on Duty of Facility Agent in Respect of Collateral.	122123
	 	 	 
	ARTICLE XIV EVENTS OF DEFAULT	123124
	 	 	 
	Section 14.1	Events of Default.	123124
	 	 	 
	Section 14.2	Effect of Event of Default.	125126
	 	 	 
	Section 14.3	Rights Upon Event of Default.	125126
	 	 	 
	ARTICLE XV THE AGENTS	126127
	 	 	 
	Section 15.1	Appointment.	126127
	 	 	 
	Section 15.2	Delegation of Duties.	126127
	 	 	 
	Section 15.3	Exculpatory Provisions.	126127
	 	 	 
	Section 15.4	Reliance by Agents.	127128
	 	 	 
	Section 15.5	Notices.	127128
	 	 	 
	Section 15.6	Non-Reliance on Agents.	128129
	 	 	 
	Section 15.7	Indemnification.	129130
	 	 	 
	Section 15.8	Successor Agent.	129130
	 	 	 
	Section 15.9	Agents in their Individual Capacity.	129130
	 	 	 
	Section 15.10	Compliance with Applicable Banking Law.	130131
	 	 	 
	Section 15.11	The Paying Agent.	130131
	 	 	 
	ARTICLE XVI ASSIGNMENTS	133134
	 	 	 
	Section 16.1	Restrictions on Assignments.	133134
	 	 	 
	Section 16.2	Documentation.	133134
	 	 	 
	Section 16.3	Rights of Assignee.	133134
	 	 	 
	Section 16.4	Notice of Assignment by Lenders.	133134
	 	 	 
	Section 16.5	Registration; Registration of Transfer and Exchange.	134135
	 	 	 
	Section 16.6	Mutilated, Destroyed, Lost and Stolen Notes.	135136
	 	 	 
	Section 16.7	Persons Deemed Owners.	135136

 

    vii

     

    

 

	Section 16.8	Cancellation.	136137
	 	 	 
	Section 16.9	Participations; Pledge.	136137
	 	 	 
	Section 16.10	Reallocation of Advances.	136137
	 	 	 
	ARTICLE XVII INDEMNIFICATION	136137
	 	 	 
	Section 17.1	Borrower Indemnity.	136137
	 	 	 
	Section 17.2	Collateral Manager Indemnity.	138139
	 	 	 
	Section 17.3	Contribution.	139140
	 	 	 
	ARTICLE XVIII MISCELLANEOUS	139140
	 	 	 
	Section 18.1	No Waiver; Remedies.	139140
	 	 	 
	Section 18.2	Amendments, Waivers.	140141
	 	 	 
	Section 18.3	Notices, Etc.	141142
	 	 	 
	Section 18.4	Costs, Expenses and Taxes.	141142
	 	 	 
	Section 18.5	Binding Effect; Survival.	141142
	 	 	 
	Section 18.6	Captions and Cross References.	142143
	 	 	 
	Section 18.7	Severability.	142143
	 	 	 
	Section 18.8	GOVERNING LAW.	142143
	 	 	 
	Section 18.9	Counterparts.	142143
	 	 	 
	Section 18.10	WAIVER OF JURY TRIAL.	142143
	 	 	 
	Section 18.11	No Proceedings.	143144
	 	 	 
	Section 18.12	Limited Recourse to the Lenders.	143144
	 	 	 
	Section 18.13	ENTIRE AGREEMENT.	144145
	 	 	 
	Section 18.14	Confidentiality.	144145
	 	 	 
	Section 18.15	Replacement of Lenders.	144145
	 	 	 
	Section 18.16	Acknowledgement and Consent to Bail-In of EEAAffected Financial Institutions.	145146
	 	 	 
	Section 18.17	Acknowledgement Regarding Any Supported QFCs.	145147

 

    viii

     

    

 

	EXHIBIT A	Form of Note
	EXHIBIT B	Audit Standards
	EXHIBIT C	Form of Advance Request
	EXHIBIT D	Form of Compliance Certificate
	EXHIBIT E	Form of Custodian Certification 
	EXHIBIT F-1	Request for Release
	EXHIBIT F-2	Request for Release and Receipt
	EXHIBIT F-3	Request for Release of Request for Release and Receipt
	 EXHIBIT G	Executive Officers of Custodian
	EXHIBIT H	Form of Collateral Manager’s Acknowledgement
	EXHIBIT I	Section 4.3 Certificate
	EXHIBIT J	Required Contract Files
	EXHIBIT K	Credit and Collection Policy
	EXHIBIT L	Form of Borrowing Base Certificate
	EXHIBIT M	Form of Joinder Agreement
	EXHIBIT N	PitchBook Industry Codes
	 	 
	SCHEDULE 7.13	Lockbox Accounts
	SCHEDULE 8.1	Borrower Accounts
	 	 
	ANNEX I	Notice Information
	ANNEX II	Commitments

 

    x

     

    

 

RECEIVABLES FINANCING AGREEMENT

 

THIS RECEIVABLES
FINANCING AGREEMENT (this “Agreement”) is made and entered into as of February 21, 2014, among TPVG VARIABLE
FUNDING COMPANY LLC, a Delaware limited liability company (the “Borrower”), TRIPLEPOINT VENTURE GROWTH BDC CORP.,
a Maryland corporation, in its individual capacity (“TPVG”) and as collateral manager (in such capacity, together
with its successors and permitted assigns in such capacity, the “Collateral Manager”) and as sole equityholder
of the Borrower (in such capacity, the “Equityholder”), VERVENT INC., as Backup Collateral Manager (as hereinafter
defined), each LENDER (as hereinafter defined) FROM TIME TO TIME PARTY HERETO, the AGENTS for the Lender Groups (as hereinafter
defined) from time to time parties hereto (each such party, in such capacity, together with their respective successors and permitted
assigns in such capacity, an “Agent”), U.S. BANK NATIONAL ASSOCIATION, as Custodian (as hereinafter defined),
DEUTSCHE BANK TRUST COMPANY AMERICAS, as paying agent (the “Paying Agent”) and DEUTSCHE BANK AG, NEW YORK BRANCH,
as Facility Agent (in such capacity, together with its successors and permitted assigns in such capacity, the “Facility
Agent”).

 

RECITALS

 

WHEREAS,
the Borrower desires that each Lender extend financing on the terms and conditions set forth herein and also desires to retain
the Collateral Manager, the Backup Collateral Manager and the Custodian to perform certain collateral management functions related
to the Transferred Contracts (as defined herein) and the Borrower Collateral (as defined herein) on the terms and conditions set
forth herein; and

 

WHEREAS,
each Lender desires to extend financing on the terms and conditions set forth herein and the Collateral Manager, the Backup Collateral
Manager and the Custodian each desire to perform certain functions related to the Transferred Contracts and the Borrower Collateral
on the terms and conditions set forth herein.

 

NOW, THEREFORE,
based upon the foregoing Recitals, the premises and the mutual agreements herein contained, and other good and valuable consideration,
the receipt and sufficiency of which is hereby acknowledged, the parties hereto, intending to be legally bound, hereby agree as
follows:

 

ARTICLE I

 

DEFINITIONS

 

Section 1.1
 Defined Terms. As used in this Agreement, the following terms have the following meanings:

 

“1940 Act” means the Investment
Company Act of 1940, as amended.

 

“Account Collateral” has the meaning set forth in Section 13.1(d).

 

     

     

    

 

“Accrual
Period” means, with respect to any Distribution Date, the period from and including the previous Distribution Date (or,
in the case of the first Distribution Date, from and including the Effective Date) through and including the day preceding such
Distribution Date.

 

“Administrative
Agreement” means the Administrative Services and Premises Agreement, dated as of February 21, 2014, by and between TPVG
and the Borrower (or any other agreement containing substantially similar terms and acceptable to the Lenders).

 

“Advance” has the meaning set
forth in Section 2.1. “Advance Date” has the meaning set forth in Section 2.1.

 

“Advance
Rate” means 50.0%; provided that after the Maturity Date, the Advance Rate shall be 0%.

 

“Advance Request” has the meaning
set forth in Section 2.2.

 

“Adverse
Claim” means any claim of ownership or any Lien, security interest, title retention, trust or other charge or encumbrance,
or other type of preferential arrangement having the effect or purpose of creating a Lien or security interest, other than Permitted
Liens.

 

“
Affected Financial Institution” means (a) any EEA Financial Institution or (b) any UK Financial
Institution.

 

“Affected
Person” has the meaning set forth in Section 5.1(a).

 

“Affiliate”
of any Person means any other Person that directly or indirectly controls, is controlled by or is under common control with such
Person (excluding any trustee under, or any committee with responsibility for administering, any employee benefit plan); provided,
however, for the avoidance of doubt, at no time shall TPC or any of its Affiliates be deemed to be an Affiliate of the Borrower
or TPVG; provided, further, that for purposes of Section 10.12, “Affiliate” of the Borrower or
TPVG shall not include any Person controlled by, or under common control with, the Borrower or TPVG as a result of any Portfolio
Investment. A Person shall be deemed to be “controlled by” any other Person if such other Person possesses, directly
or indirectly, power:

 

(a) to
vote 10% or more of the securities (on a fully diluted basis) having ordinary voting power for the election of directors or
managing partners; or

 

(b)
to direct or cause the direction of the management and policies of such Person whether by contract or otherwise.

 

“Agent” means,
as to any Lender Group, the Person listed on Annex I as the “Agent” for such Lender Group, together with its respective
successors and permitted assigns.

 

“Agented Contract”
means one or more Contracts entered into by an Obligor as part of a syndicated transaction wherein (i) the Contract is originated
in accordance with the Credit and

 

    2

     

    

 

“Backup Collateral Manager Fee and Expenses”
has the meaning set forth in the Section 11.1(l).

 

“Backup
Collateral Manager Fee Letter” means (a) that certain fee letter, dated as of the date hereof, among Vervent Inc.,
as Backup Collateral Manager, the Borrower and the Collateral Manager setting forth the fees and expenses payable by the
Borrower and the Collateral Manager and acknowledged by the Facility Agent, as the same may be amended, supplemented or
otherwise modified by the parties thereto with the consent of the Facility Agent and (b) any letter agreement(s) or schedule
of fees entered into by TPVG, the Equityholder and the Borrower, with the consent of the Facility Agent, with a substitute
Backup Collateral Manager in replacement of the schedule of fees referred to in clause (a) above relating to fees
payable to such substitute Backup Collateral Manager.

 

“Bail-In
Action” means the exercise of any Write-Down and Conversion Powers by the applicable EEA
Resolution Authority in respect of any liability of an EEAAffected
Financial Institution.

 

“Bail-In
Legislation” means, (a) with respect to any EEA
Member Country implementing Article 55 of Directive 2014/59/EU of the European Parliament and of the Council of the European Union,
the implementing law, regulation rule or requirement for such EEA Member Country from
time to time which is described in the EU Bail-In Legislation Schedule and (b) with respect to the
United Kingdom, Part I of the United Kingdom Banking Act 2009 (as amended from time to time) and any other law, regulation or
rule applicable in the United Kingdom relating to the resolution of unsound or failing banks, investment firms or other financial
institutions or their affiliates (other than through liquidation, administration or other insolvency proceedings).

 

“Bankruptcy
Code” means the United States Bankruptcy Code, 11 U.S.C. § 101, et seq., as amended.

 

“Basel
III Regulation” means, with respect to any Affected Person, any rule, regulation or guideline applicable to such Affected
Person and arising directly or indirectly from (a) any of the following documents prepared by the Basel Committee on Banking Supervision
of the Bank of International Settlements: (i) Basel III: International Framework for Liquidity Risk Measurement, Standards and
Monitoring (December 2010), (ii) Basel III: A Global Regulatory Framework for More Resilient Banks and Banking Systems (June 2011),
(iii) Basel III: The Liquidity Coverage Ratio and Liquidity Risk Monitoring Tools (January 2013), or (iv) any document supplementing,
clarifying or otherwise relating to any of the foregoing, or (b) any accord, treaty, statute, law, rule, regulation, guideline
or pronouncement (whether or not having the force of law) of any governmental authority implementing, furthering or complementing
any of the principles set forth in the foregoing documents of strengthening capital and liquidity, in each case as from time to
time amended, restated, supplemented or otherwise modified. Without limiting the generality of the foregoing, “Basel III
Regulation” shall include Part 6 of the European Union regulation on prudential requirements for credit institutions
and investment firms (the “CRR”) and any law, regulation, standard, guideline, directive or other publication
supplementing or otherwise modifying the CRR.

 

    6

     

    

 

“Excluded
Deferrable Contract” means a Deferrable Contract that (a) has a required cash pay interest component that is greater
than 60% of the total interest rate of such Contract and (b) has a required cash pay interest component equal to or greater than
9.00%.

 

“Excluded Taxes” has the meaning
set forth in Section 4.3(e)(vii). “Extending Lender Group” has the meaning set forth in Section 2.7(a).
“Extension Request” has the meaning set forth in Section 2.7(a).

“Executive
Officer” means, with respect to the Borrower, the Collateral Manager or TPVG, the Chief Executive Officer, President,
Chief Operating Officer or Chief Financial Officer of such Person, with respect to the Custodian, the individuals listed on Exhibit
G, and, with respect to any other Person, the President, Chief Financial Officer or any Vice President.

 

“Facility Agent” has the meaning
set forth in the Preamble.

 

“Facility Agent Fee” means the
“Facility Agent Fee” set forth in the Facility Agent Fee

Letter.

 

“Facility Agent Fee Letter” means
that certain Facility Agent Fee Letter among the

Facility Agent, the Borrower and TPVG.

 

“Facility Amount”
means (a) prior to the end of the Revolving Period, $325,000,000,350,000,000, increased
by the amount of any increase made in accordance with Section 2.8 and (b) thereafter, the Advances outstanding.

 

“Fair
Market Value” means, with respect to each Contract, the least of (a) the outstanding Principal Balance of such Contract
and (b) if such Contract has been reduced in value below the outstanding Principal Balance thereof (other than as a result of the
allocation of a portion of the outstanding Principal Balance to Warrant Assets), the value of such Contract as required by, and
in accordance with, the 1940 Act, as amended, and any orders of the SEC issued to the Collateral Manager, to be determined by the
Board of Directors of the Collateral Manager and reviewed by its auditors.

 

“FATCA”
means Sections 1471 through 1474 of the Code, as of the date of this Agreement, and any current or future regulations or official
interpretations thereof.

 

“Federal
Funds Rate” means, for any period, the greater of (a) 0.0% and (b) a fluctuating rate per annum equal for each day during
such period to the weighted average of the rates on overnight federal funds transactions with members of the Federal Reserve System
arranged by federal funds brokers, as published for such day (or, if such day is not a Business Day, for the next preceding Business
Day) by the Federal Reserve Bank of New York, or, if such rate is not so published for any day which is a Business Day, the average
of the quotations for such day on such transactions received by the Facility Agent from three federal funds brokers of recognized
standing selected by it.

 

    28

     

    

 

“Required
Notional Amount” means, with respect to any date of determination, (x) for Hedge Transactions pursuant to Section
10.6(a)(i), the outstanding principal amount of the Advances on such date of determination, and (y) for Hedge Transactions
pursuant to Section 10.6(a)(ii), the greater of (i) $25,000,000 and (ii) the outstanding principal amount of the Advances
on such date of determination.

 

“Residual”
means, with respect to any True Lease, any interest of the lessor or its assigns, as owner of underlying Contract Collateral, in
the value of the related Contract Collateral after termination of such True Lease, including the proceeds from the sale or use
of the Contract Collateral after the termination of such True Lease.

 

“Resolution
Authority” means an EEA Resolution Authority or, with respect to any UK Financia Institution, a UK Resolution Authority.

 

“Responsible
Officer” means, with respect to (a) TPVG, the Collateral Manager or the Borrower, its Chief Executive Officer, President,
Chief Operating Officer, Chief Financial Officer, or any other officer or employee of TPVG, the Collateral Manager or the Borrower
directly responsible for the administration or collection of the Transferred Contracts, or (b) any other Person, any Person that
is not an individual, the President, any Vice-President or Assistant Vice-President, Corporate Trust Officer or the Controller
of such Person, or any other officer or employee having similar functions.

 

“Restricted Information” has the
meaning set forth in Section 10.23(b).

 

“Retained
Interest” means, with respect to each Transferred Contract, the following rights and obligations in such Transferred
Contract and under the related documents, which are being retained by TPVG or the Equityholder (in the case of the rights and obligations
described in clauses (a) and (b)(iii)) or which are held by parties other than the Borrower): (a) with respect to
any Transferred Contract with an unfunded commitment on the part of the lender that does not provide by its terms that funding
thereunder is in the lender’s sole and absolute discretion, all of the obligations, if any, to provide additional funding
with respect to such Transferred Contract and (b) with respect to any Transferred Contract arising under an Agented Contract, (i)
all of the rights and obligations, if any, of the agent under the documentation evidencing such Transferred Contract, (ii) the
applicable portion of the interests, rights and obligations under the documentation evidencing such Transferred Contract that relate
to such portion(s) of the indebtedness that is owned by another lender and/or lessor, (iii) any unused, commitment or similar fees
associated with the additional funding obligations that are not being transferred in accordance with clause (a) of this
definition, (iv) any agency or any advisory, consulting or similar fees due from the Obligor associated with services provided
by the agent that are not being transferred in accordance with clause (b) of this definition and (v) any origination or
underwriting fee paid to TPVG or the Equityholder in connection with the origination or acquisition of such Transferred Contract.

 

“Retention
Holder Originated Contracts” means a Contract with respect to which the Equityholder itself or through related entities
(including without limitation the Borrower),

 

    41

     

    

 

“UCC”
means the Uniform Commercial Code as from time to time in effect in the applicable jurisdiction or jurisdictions.

 

“UK
Financial Institution” means any BRRD Undertaking (as such term is defined under the PRA Rulebook (as amended from time
to time) promulgated by the United Kingdom Prudential Regulation Authority) or any person falling within IFPRU 11.6 of the FCA
Handbook (as amended from time to time) promulgated by the United Kingdom Financial Conduct Authority, which includes certain
credit institutions and investment firms, and certain affiliates of such credit institutions or investment firms.

 

“UK
Resolution Authority” means the Bank of England or any other public administrative authority having responsibility for the
resolution of any UK Financial Institution.

 

“Uncommitted
Lender” means any Conduit Lender designated as an “Uncommitted Lender” for any Lender Group and any of its assignees.

 

“Unmatured
Event of Default” means any event that, if it continues uncured, will, with lapse of time or notice or lapse of time
and notice, constitute an Event of Default.

 

“Unmatured
Collateral Manager Default” means any event that, if it continues uncured, will, with lapse of time or notice or lapse
of time and notice, constitute a Collateral Manager Default.

 

“Unused Fee” means the unused
fee set forth in the Lender Fee Letter.

 

“USA
Patriot Act” means the Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct
Terrorism Act of 2001, Public Law 107-56.

 

“U.S. Special Resolution Regimes”
has the meaning set forth in Section 18.17.

 

“Vendor”
means, with respect to any Contract, the equipment manufacturer, dealer or distributor or other Person that provided products or
services with respect to the Contract Collateral under such Contract.

 

“Volcker
Rule” means Section 13 of the U.S. Bank Holding Company Act of 1956, as amended, and the applicable rules and regulations
thereunder.

 

“Warrant
Asset” means the Borrower’s economic interest in any equity purchase warrants or similar rights convertible into
or exchangeable or exercisable for any equity interests received by TPVG or the Equityholder as an “equity kicker”
from the Obligor in connection with such Transferred Contract; provided that the term Warrant Asset shall in no event include
the right of TPVG or the Equityholder to participate as an investor in future equity financings by an Obligor.

 

    46

     

    

 

“Weighted
Average APR” means, as of any date of determination with respect to all Eligible Contracts that are Fixed Rate
Contracts included in the Borrower Collateral, the number obtained by (i) summing the products obtained by multiplying
(a) the APR of such Eligible Contract by (b) the Principal Balance of such Eligible Contract and (ii) dividing such
sum by the Aggregate Outstanding Principal Balance of all Eligible Contracts included in the Borrower Collateral on such
date.

 

“Weighted
Average Debt-to-Valuation” means, as of any date of determination with respect to all Eligible Contracts included in
the Borrower Collateral, the number (expressed as a percentage) obtained by (i) summing the products obtained by multiplying
(a) the consolidated debt-to-enterprise value ratio (as determined by the Collateral Manager and including all debt of such Obligor
that is senior to or pari passu to the debt owed to the Borrower) of the related Obligor by (b) the Principal Balance of such Eligible
Contract and (ii) dividing such sum by the Aggregate Outstanding Principal Balance of all Eligible Contracts included in
the Borrower Collateral on such date.

 

“Weighted
Average Floating Spread” means, as of any date of determination with respect to all Eligible Contracts that bear interest
at a spread over the Prime Rate included in the Borrower Collateral, the spread obtained by (i) summing the products obtained by
multiplying

(a) the
stated interest rate spread on such Eligible Contract above the Prime Rate by (b) the Principal Balance of such Eligible Contract
and (ii) dividing such sum by the Aggregate Outstanding Principal Balance of all Eligible Contracts included in the Borrower
Collateral on such date.

 

“Weighted
Average IRR” means, as of any date of determination with respect to all Eligible Contracts included in the Borrower Collateral,
the number obtained by (i) summing the products obtained by multiplying (a) the IRR of such Eligible Contract by (b) the
Principal Balance of such Eligible Contract and (ii) dividing such sum by the Aggregate Outstanding Principal Balance of
all Eligible Contracts included in the Borrower Collateral on such date.

 

“Weighted
Average Remaining Maturity” means, as of any date of determination with respect to all Eligible Contracts included in
the Borrower Collateral, the number of years following such date obtained by (i) summing the products obtained by multiplying
(a) the remaining maturity measured in months divided by 12 at such time of each such Eligible Contract by (b) the Principal Balance
of such Eligible Contract and (ii) dividing such sum by the Aggregate Outstanding Principal Balance of all Eligible Contracts
included in the Borrower Collateral on such date.

 

“Write-Down
and Conversion Powers” means, (a) with respect
to any EEA Resolution Authority, the write-down and conversion powers of such EEA Resolution Authority from time to time under
the Bail-In Legislation for the applicable EEA Member Country, which write-down and conversion powers are described in the EU
Bail-In Legislation Schedule, and (b) with respect to the United
Kingdom, any powers of the applicable Resolution Authority under the Bail-In Legislation to cancel, reduce, modify or change the
form of a liability of any UK Financial Institution or any contract or instrument under which that liability arises, to convert
all or part of that liability into shares, securities or obligations of that person or any other person, to provide that any such
contract or instrument is to have effect as if a right had been exercised under it or to suspend any obligation in respect of
that liability or any of the powers under the Bail-In Legislation that are related to or ancillary to any of those powers.

 

    47

     

    

 

will (unless otherwise prohibited by law) notify
TPVG of its intention to make any such disclosure prior to making any such disclosure.

 

Section 18.15
Replacement of Lenders. At any time there is more than one Lender, the

Borrower shall be permitted
to replace any Lender (except (i) the Facility Agent or (ii) any Lender which is administered by the Facility Agent or an Affiliate
of the Facility Agent) if any such Lender (a) requests reimbursement, payment or compensation for any amounts owing for Increased
Costs or Taxes or for indemnification pursuant to Section 17.1(iv) or (b) has received a written notice from the Borrower
of an impending change in law that would entitle such Lender to payment of additional amounts for Increased Costs or Taxes or for
indemnification pursuant to Section 17.1(iv), unless such Lender designates a different lending office before such change
in law becomes effective and such alternate lending office obviates the need for the Borrower to make payments of additional amounts
for Increased Costs or Taxes or for indemnification pursuant to Section 17.1(iv) or (c) has not consented to any proposed
amendment, supplement, modification, consent or waiver, each pursuant to Section 18.2, or to a request to extend the Scheduled
Revolving Period Termination Date or (d) is a Defaulting Lender or (e) has declined or rejected, or the Agent for such Lender declines
or rejects, an Extension Request with respect to the Revolving Period pursuant to Section 2.7; provided that (i)
nothing herein shall relieve a Lender from any liability it might have to the Borrower or to the other Lenders for its failure
to make any Advance, (ii) prior to any such replacement, such Lender shall have taken no action under Section 5.1 so as
to fully eliminate the continued need for payment of amounts owing pursuant to Section 5.1, if applicable, (iii) the replacement
financial institution shall purchase, at par, all Advances and other amounts owing to such replaced Lender on or prior to the date
of replacement and reallocation of such Advances between the replacement financial institution and such replaced Lender shall be
made in accordance with Section 16.10, (iv) the replacement financial institution, if not already a Lender, shall be reasonably
satisfactory to the Facility Agent, (v) the replaced Lender shall be obligated to make such replacement in accordance with the
provisions of Section 16.5, (vi) until such time as such replacement shall be consummated, the Borrower shall pay all additional
amounts (if any) for Increased Costs or Taxes, as the case may be and (vii) any such replacement shall not be deemed to be a waiver
of any rights that the Borrower, the Facility Agent or any other Lender shall have against the replaced Lender.

 

Section
18.16 Acknowledgement and Consent to Bail-In of EEAAffected
Financial Institutions.

 

Notwithstanding
anything to the contrary in any Transaction Document or in any other agreement, arrangement or understanding among any such parties,
each party hereto acknowledges that any liability of any EEAAffected
Financial Institution arising under any Transaction Document, to the extent such liability is unsecured, may be subject to the
write-down and conversion powers of an EEAWrite-Down
and Conversion Powers of the applicable Resolution Authority and agrees
and consents to, and acknowledges and agrees to be bound by:

 

(a) the
application of any Write-Down and Conversion Powers by an EEAthe
applicable Resolution Authority to any such liabilities arising hereunder which may be payable to it by any party hereto
that is an EEAAffected
Financial Institution; and

 

    147

     

    

 

 (b) the effects of any Bail- In Action on any such liability, including, if applicable:

 

 (i) a reduction in full or in part or cancellation of any such liability;

 

(ii) a
conversion of all, or a portion of, such liability into shares or other instruments of ownership in such EEAAffected
Financial Institution, its parent undertaking, or a bridge institution that may be issued to it or otherwise conferred on it, and
that such shares or other instruments of ownership will be accepted by it in lieu of any rights with respect to any such liability
under this Agreement or any other Transaction Document; or

 

(iii) the
variation of the terms of such liability in connection with the exercise of the write-downWrite-Down
and conversion powers of any EEAConversion Powers
of the applicable Resolution Authority.

 

Section 18.17
Acknowledgement Regarding Any Supported QFCs.

 

To the extent
that this Agreement provides support, through a guarantee or otherwise, for Hedging Agreements or any other agreement or instrument
that is a QFC (such support, “QFC Credit Support” and each such QFC a “Supported QFC”), the
parties acknowledge and agree as follows with respect to the resolution power of the Federal Deposit Insurance Corporation under
the Federal Deposit Insurance Act and Title II of the Dodd-Frank Wall Street Reform and Consumer Protection Act (together with
the regulations promulgated thereunder, the “U.S. Special Resolution Regimes”) in respect of such Supported
QFC and QFC Credit Support (with the provisions below applicable notwithstanding that this Agreement and any Supported QFC may
in fact be stated to be governed by the laws of the State of New York and/or of the United States or any other state of the United
States):

 

In the event a Covered Entity
that is party to a Supported QFC (each, a “Covered Party”) becomes subject to a proceeding under a U.S. Special
Resolution Regime, the transfer of such Supported QFC and the benefit of such QFC Credit Support (and any interest and obligation
in or under such Supported QFC and such QFC Credit Support, and any rights in property securing such Supported QFC or such QFC
Credit Support) from such Covered Party will be effective to the same extent as the transfer would be effective under the U.S.
Special Resolution Regime if the Supported QFC and such QFC Credit Support (and any such interest, obligation and rights in property)
were governed by the laws of the United States or a state of the United States. In the event a Covered Party or a BHC Act Affiliate
of a Covered Party becomes subject to a proceeding under a U.S. Special Resolution Regime, Default Rights under this Agreement
that might otherwise apply to such Supported QFC or any QFC Credit Support that may be exercised against such Covered Party are
permitted to be exercised to no greater extent than such Default Rights could be exercised under the U.S. Special Resolution Regime
if the Supported QFC and this Agreement were governed by the laws of the United States or a state of the United States. Without
limitation of the foregoing, it is understood and agreed that rights and remedies of the parties with respect to a

 

    148

     

    

 

	 	FIRST
                                         FOUNDATION BANK, as Committed Lender and Agent
	 	 	 
		By:	
	 	 	Name:
	 	 	Title:

 

A-I-162
Signature Page to Receivables Financing Agreement

 

    

     

    

 

ANNEX
I

 

TPVG
VARIABLE FUNDING COMPANY LLC,

as
Borrower

 

2755
Sand Hill Road, Suite 150

Menlo Park, California 94025

Attention: Sajal Srivastava

Facsimile No.: 650-854-2092

 

TRIPLEPOINT
VENTURE GROWTH BDC CORP.,

as
Collateral Manager and as Equityholder

 

2755
Sand Hill Road, Suite 150

Menlo Park, California 94025

Attention: Sajal Srivastava

Facsimile No.: 650-854-2092

 

U.S.
BANK NATIONAL ASSOCIATION, as Custodian

 

For
all communications:

 

U.S.
Bank National Association One Federal Street

Third
Floor

Boston,
Massachusetts

Attention: Mike Quaile

Email:
michael.quaile@usbank.com

 

U.S.
Bank National Association

1719 Otis Way

Mail
Code: Ex – SC – FLOR

Florence, South Carolina 29501

Attention: Steven Garrett

Facsimile: (843) 673-0162

Email:
steven.garrett@usbank.com

 

A-I-1

    

     

    

 

Attention:
Jamie Dietlin

Telephone: 248-658-3226

Email:
docs@hitachibusinessfinance.com

 

NBH
BANK

as
an Agent and as a Committed Lender

 

11111
W. 95th Street

Overland Park, KS 66214

Attention: Thomas J. Rohling

Facsimile No.: 855-201-0658

Email: trohling@nbhbank.com

 

CUSTOMERS
BANK,

as
an Agent and as a Committed Lender

 

99
Bridge Street

Phoenixville,
PA 19460

Attention: Lyle Cunningham

Facsimile No.: 610-482-9612

Attention: Scott Gates

Facsimile No.: (610) 482-9483

 

FIRST
FOUNDATION BANK,

as
an Agent and as a Committed Lender

 

18101
Von Karman Avenue

Suite
750

Irvine,
CA 92612 

Attention:
Loan Servicing 

Telephone:
949-202-4103

Facsimile:
949-202-4184

email:
investor@ff-inc.com

 

A-I-4

    

     

    

 

Annex
    II

 

	

        Lender
	

        Commitment

	 	 
	Deutsche Bank AG,
    New York Branch	$85,000,000
	KeyBank National
    Association	$80,000,000
	TIAA, FSB	$50,000,000
	MUFG Union Bank,
    N.A.	$50,000,000
	Hitachi Capital
    America Corporation	$20,000,000
	NBH Bank	$15,000,000
	Customers Bank	$25,000,000
	 

        First
        Foundation Bank
	 

        $25,000,000

	Total
	$325,000,000350,000,000

 

 

A-II-1

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