SEC Contract Filing

Filing Date: 2024-10-25

Document Content:
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<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>jpm-lithiawarehouse_amen.htm
<DESCRIPTION>EX-10.1
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<DIV><FONT size="1" style="font-size:1pt;color:white">DB1/ 149565531.5 EXECUTION VERSION AMENDMENT NO. 10 TO AMENDED AND RESTATED LOAN AGREEMENT This AMENDMENT NO. 10 TO AMENDED AND RESTATED LOAN AGREEMENT, dated as of August 15, 2024 (this &#8220;Amendment&#8221;), is executed by and among SCFC BUSINESS SERVICES LLC (the &#8220;Borrower&#8221;), the lenders listed on the signature pages hereto (the &#8220;Lenders&#8221;), the agents listed on the signature pages hereto (the &#8220;Agents&#8221;), and JPMORGAN CHASE BANK, N.A. (&#8220;JPMorgan&#8221;), in its capacity as administrative agent (in such capacity, the &#8220;Administrative Agent&#8221;) amends the Amended and Restated Loan Agreement, dated as of December 31, 2020 (as amended, restated, supplemented or otherwise modified from time to time, the &#8220;Loan Agreement&#8221;), by and among the Borrower, Driveway Finance Corporation (&#8220;DFC&#8221;), as the servicer and the collateral custodian, the lenders from time to time parties thereto, the agents from time to time parties thereto, and JPMorgan, as Administrative Agent and as the account bank. Capitalized terms used, but not otherwise defined, herein shall have the meanings ascribed thereto in the Loan Agreement. WITNESSETH: WHEREAS, the Borrower and the Lenders desire to amend the Loan Agreement, in accordance with Section 13.01 thereof, on the terms set forth herein; WHEREAS, the Lenders party hereto, which constitute the Required Lenders, desire to provide the waivers set forth below, in accordance with Section 13.01 of the Loan Agreement; and NOW, THEREFORE, in consideration of the premises and the mutual agreements hereinafter set forth, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto hereby agree as follows: SECTION 1. Amendments to the Loan Agreement. Subject to the effectiveness of this Amendment, including, without limitation, the satisfaction of the conditions of effectiveness set forth in Section 3 below, the Loan Agreement is hereby amended by incorporating the blacklined changes shown on the marked copy of the Loan Agreement attached hereto as Exhibit A (it being understood that language which appears &#8220;struck out&#8221; has been deleted and language which appears as &#8220;double-underlined&#8221; has been added). SECTION 2. Representations, Warranties and Confirmations. The Borrower hereby confirms that all representations and warranties made by it pursuant to Sections 5.01 and 5.02 of the Loan Agreement were true and correct as of the date as of which they were made and that it is in compliance with all covenants made by it pursuant to the Loan Agreement as of the date hereof. By its acknowledgment of this Amendment, DFC hereby confirms that all representations and warranties made by it pursuant to Section 5.03 of the Loan Agreement were true and correct as of the date as of which they were made and that it is in compliance with all covenants made by it pursuant to the Loan Agreement as of the date hereof. Furthermore, the Borrower and DFC each hereby represents and warrants as to itself that: (a) It has the power to execute, deliver and perform this Amendment and the transactions contemplated hereby. </FONT></DIV>
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<DIV><FONT size="1" style="font-size:1pt;color:white">DB1/ 149565531.5 - 2 - (b) The execution and delivery of this Amendment and the performance of this Amendment and the Loan Agreement (as amended hereby) have been duly authorized by it by all necessary company action (including any necessary action by its members). (c) This Amendment has been duly executed and delivered on its behalf. This Amendment and the Loan Agreement (as amended hereby) constitute its legal, valid and binding obligations, enforceable against it in accordance with their respective terms, except as enforcement of such terms may be limited by Insolvency Laws affecting the enforcement of creditors' rights generally and by the availability of equitable remedies. (d) It is in compliance in all material respects with all Applicable Laws. SECTION 3. Effectiveness of Amendment. (a) This Amendment shall be effective, as of the date hereof, upon receipt by the Administrative Agent of (i) counterparts of this Amendment duly executed by each of the parties hereto, (ii) counterparts of that certain Fifth Amended and Restated Fee Letter, dated as of the date hereof (the &#8220;Fifth Amended and Restated Fee Letter&#8221;), duly executed by each of the parties thereto and (iii) the &#8220;Upfront Fees&#8221; described in the Fifth Amended and Restated Fee Letter due and payable on the date hereof (and promptly following receipt, the Administrative Agent shall remit the &#8220;Upfront Fee&#8221; with respect to the Citibank Lender Group to the Citibank Agent). (b) Except as expressly amended by the terms of this Amendment, all terms and conditions of the Loan Agreement shall remain in full force and effect and are hereby ratified and confirmed. This Amendment is effective only for the specific purpose for which it is given and shall not operate as a consent, waiver, amendment or other modification of any other term or condition set forth in the Loan Agreement. Upon the effectiveness of this Amendment, (i) each reference in the Loa