Document:

EX-10.22.1

 Exhibit 10.22.1 

 

Certain confidential information contained in this document, marked by brackets, has been omitted because it is both
(i) not material and (ii) would be competitively harmful if publicly disclosed 

 AMENDMENT NO. 1 TO MASTER REPURCHASE
AGREEMENT 
 This Amendment No. 1 to Master Repurchase Agreement, dated as of July 7, 2015 (this
“Amendment”), by and among Nomura Corporate Funding Americas, LLC (“Buyer”) and Urban Financial of America, LLC (the “Seller”). 

RECITALS 
 Buyer and
Seller are parties to that certain Master Repurchase Agreement, dated as of April 2, 2015 (the “Existing Repurchase Agreement”; as amended by this Amendment, the “Repurchase Agreement”). Capitalized terms used
but not otherwise defined herein shall have the meanings given to them in the Existing Repurchase Agreement. 
 Buyer and Seller have
agreed, subject to the terms and conditions of this Amendment, that the Existing Repurchase Agreement be amended to reflect certain agreed upon revisions to the terms of the Existing Repurchase Agreement. 

Accordingly, Buyer and Seller hereby agree, in consideration of the mutual promises and mutual obligations set forth herein, that the Existing
Repurchase Agreement is hereby amended as follows: 
 SECTION 1. Asset Value. Clause (ii) of the definition of “Asset
Value” in Section 2 of the Existing Repurchase Agreement is hereby amended by deleting such clause in its entirety and replacing it with the following: 

“(ii) (A) the related Mortgage Note has been released from the possession of Custodian (other than to a Take-out Investor pursuant to a Bailee Letter or pursuant to an Attorney Bailee Letter) for a period in excess of [***]or (B) the related Mortgage Note has been released from the possession of Custodian to an
attorney pursuant to Section 3.2(g) of the Custodial Agreement and a fully-executed Attorney Bailee Letter is not received by Custodian within [***] of release;” 

SECTION 2. Maximum Purchase Price. Section 3.b(v) of the Existing Repurchase Agreement is hereby amended by deleting such
section in its entirety and replacing it with the following: 
 (v) Maximum Purchase Price. After giving effect to the
requested Transaction, (i) the Aggregate Utilized Purchase Price subject to then outstanding Transactions under this Agreement shall not exceed the Maximum Aggregate Purchase Price, (ii) the Aggregate Utilized Purchase Price of the Non-assignable Buyouts shall not exceed [***]and (iii) the Aggregate Utilized Purchase Price of HECM Loans subject to a forward sale confirmation shall not exceed [***] of the Aggregate Utilized Purchase Price
of all HECM Loans; 
  

 SECTION 3. Conditions Precedent. This Amendment shall become effective on the
date hereof, upon Buyer’s receipt of this Amendment, executed and delivered by a duly authorized officer of the Buyer and the Seller. 

SECTION 4. Limited Effect. Except as expressly amended and modified by this Amendment, the Existing Repurchase Agreement shall
continue to be, and shall remain, in full force and effect in accordance with its terms and the execution of this Amendment. 

SECTION 5. Counterparts. This Amendment may be executed in any number of counterparts, all of which taken together shall
constitute one and the same instrument, and any of the parties hereto may execute this Amendment by signing any such counterpart. Counterparts may be delivered electronically. 

SECTION 6. Severability. Each provision and agreement herein shall be treated as separate and independent from any other provision
or agreement herein and shall be enforceable notwithstanding the unenforceability of any such other provision or agreement. 

SECTION 7. GOVERNING LAW. THIS AMENDMENT SHALL BE GOVERNED BY THE INTERNAL LAWS OF THE STATE OF NEW YORK WITHOUT GIVING EFFECT TO
THE CONFLICT OF LAW PRINCIPLES THEREOF, OTHER THAN SECTION 5-1401 AND 5-1402 OF THE NEW YORK GENERAL OBLIGATIONS LAW, WHICH SHALL GOVERN. 

[SIGNATURE PAGES FOLLOW] 

  
 2 

 IN WITNESS WHEREOF, the parties have caused their names to be signed hereto by their
respective officers thereunto duly authorized as of the day and year first above written. 
  

			
	NOMURA CORPORATE FUNDING AMERICAS, LLC, as Buyer
		
	By:	 	 /s/ Jack Kattan

	Name: Jack Kattan
	Title: Managing Director

  

  
 Signature Page to
Amendment No. 1 to Master Repurchase Agreement 

 
			
	URBAN FINANCIAL OF AMERICA, LLC
		
	By:	 	 /s/ Tracey Eastin

	Name: Tracey Eastin
	Title: CFO

  

  
 Signature Page to
Amendment No. 1 to Master Repurchase AgreementEX-10.22.2

 Exhibit 10.22.2 

 

Certain confidential information contained in this document, marked by brackets, has been omitted because it is both
(i) not material and (ii) would be competitively harmful if publicly disclosed 

 AMENDMENT NO. 2 TO MASTER REPURCHASE
AGREEMENT 
 This Amendment No. 2 to Master Repurchase Agreement, dated as of March 31, 2016 (this
“Amendment”), by and among Nomura Corporate Funding Americas, LLC (“Buyer”) and Finance of America Reverse LLC f/k/a Urban Financial of America, LLC (the “Seller”). 

RECITALS 
 Buyer and
Seller are parties to that certain Master Repurchase Agreement, dated as of April 2, 2015 (the “Existing Repurchase Agreement”; as amended by Amendment No. 1 to Master Repurchase Agreement, dated as of July 7, 2015
and this Amendment, the “Repurchase Agreement”). Capitalized terms used but not otherwise defined herein shall have the meanings given to them in the Existing Repurchase Agreement. 

Buyer and Seller have agreed, subject to the terms and conditions of this Amendment, that the Existing Repurchase Agreement be amended to
reflect certain agreed upon revisions to the terms of the Existing Repurchase Agreement. 
 Accordingly, Buyer and Seller hereby agree, in
consideration of the mutual promises and mutual obligations set forth herein, that the Existing Repurchase Agreement is hereby amended as follows: 

SECTION 1. Definitions. Section 2 of the Existing Repurchase Agreement is hereby amended by: 

1.1 adding the definitions of “Delinquent (Mortality) Home Safe Loan”, “Delinquent
(Non-Mortality) Home Safe Loan” and “Renewal Effective Date” in their proper alphabetical order: 

“Delinquent (Mortality) Home Safe Loan” shall mean a Home Safe Loan that is delinquent as a result of the
death of the last living Mortgagor thereunder. 
 “Delinquent (Non-Mortality)
Home Safe Loan” shall mean a Home Safe Loan which is more than [***] delinquent. 
 “Renewal Effective
Date” shall have the meaning set forth in the Pricing Side Letter. 
 1.2 (a) deleting clause (xiv) of the
definition of “Asset Value” in its entirety and replacing it with the following: 
 (xiv) such Purchased Asset is a
Delinquent (Non-Mortality) Home Safe Loan; 
 (b) deleting the “or” at the end of clause
(xviii) of such definition, 
  

 (c) deleting the “.” at the end of clause (xix) of such definition and
replacing it with “; or”; and 
 (d) adding the following clause (xx) at the end of such definition: 

(xx) such Purchased Asset is a Home Safe Loan (other than a Delinquent (Mortality) Home Safe Loan) which has been subject to a
Transaction in excess of [***] following (A) with respect to any Home Safe Loan subject to a Transaction on the Renewal Effective Date, the Renewal Effective Date and (B) with respect to any Home Safe Loan that becomes subject to a
Transaction after the Renewal Effective Date, the Purchase Date of such Home Safe Loan. 
 1.3 deleting the definition of
“Delinquent Home Safe Loans” in its entirety and replacing it with the following: 
 “Delinquent Home Safe
Loans” shall mean a Delinquent (Mortality) Home Safe Loan or a Delinquent (Non-Mortality) Home Safe Loan. 

SECTION 2. Representations and Warranties Re: Mortgage Loans. Schedule 1-A of the Existing
Repurchase Agreement shall be amended by adding the following clause (uu) at the end of such schedule: 
 (uu) No Prior
Repurchase of Home Safe Loans. With respect to any Mortgage Loan which is a Home Safe Loan, such Home Safe Loan has not been previously sold by Seller to any third party. 

SECTION 3. Conditions Precedent. This Amendment shall become effective on the date hereof, upon Buyer’s receipt of this
Amendment, executed and delivered by a duly authorized officer of the Buyer and the Seller. 
 SECTION 4. Limited Effect. Except
as expressly amended and modified by this Amendment, the Existing Repurchase Agreement shall continue to be, and shall remain, in full force and effect in accordance with its terms and the execution of this Amendment. 

SECTION 5. Counterparts. This Amendment may be executed in any number of counterparts, all of which taken together shall
constitute one and the same instrument, and any of the parties hereto may execute this Amendment by signing any such counterpart. Counterparts may be delivered electronically. 

SECTION 6. Severability. Each provision and agreement herein shall be treated as separate and independent from any other provision
or agreement herein and shall be enforceable notwithstanding the unenforceability of any such other provision or agreement. 

SECTION 7. GOVERNING LAW. THIS AMENDMENT SHALL BE GOVERNED BY THE INTERNAL LAWS OF THE STATE OF NEW YORK WITHOUT GIVING EFFECT
TO THE CONFLICT OF LAW PRINCIPLES THEREOF, OTHER THAN SECTION 5-1401 AND 5-1402 OF THE NEW YORK GENERAL OBLIGATIONS LAW, WHICH SHALL GOVERN. 

[SIGNATURE PAGES FOLLOW] 

  
 2 

 IN WITNESS WHEREOF, the parties have caused their names to be signed hereto by their
respective officers thereunto duly authorized as of the day and year first above written. 
  

			
	NOMURA CORPORATE FUNDING AMERICAS, LLC, as Buyer
		
	By:	 	 /s/ Gordon G. Sweely

	Name: Gordon G. Sweely
	Title: Managing Director

  

  
 Signature Page to
Amendment No. 2 to Master Repurchase Agreement 

 
			
	FINANCE OF AMERICA REVERSE LLC f/k/a URBAN FINANCIAL OF AMERICA, LLC
		
	By:	 	 /s/ Tracey Eastin

	Name: Tracey Eastin
	Title: CFO

  

  
 Signature Page to
Amendment No. 2 to Master Repurchase Agreement

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