SEC Contract Filing

Filing Date: 2017-07-17

Document Content:
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>v470889_ex10-1.htm
<DESCRIPTION>EXHIBIT 10.1
<TEXT>
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<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0; text-align: right; font: bold 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Exhibit 10.1</B></FONT></P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right">EXECUTION COPY</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B><U>FIFTH AMENDMENT TO <FONT STYLE="text-transform: uppercase">Loan
AND SECURITY AGREEMENT AND WAIVER</FONT></U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">THIS FIFTH AMENDMENT TO
<FONT STYLE="text-transform: uppercase">Loan </FONT>AND SECURITY <FONT STYLE="text-transform: uppercase">AGREEMENT AND WAIVER </FONT>(this
&ldquo;<U>Amendment</U>&rdquo;), is made as of July 13, 2017, by and among Fifth Street Senior Floating Rate Corp., as the collateral
manager (in such capacity, the &ldquo;<U>Collateral Manager</U>&rdquo;), and as the seller (in such capacity, the &ldquo;<U>Seller</U>&rdquo;),
FS Senior Funding II LLC, as the borrower (the &ldquo;<U>Borrower</U>&rdquo;), Citibank, N.A., as administrative agent (the &ldquo;<U>Administrative
Agent</U>&rdquo;) and Citibank, N.A., as the sole lender (the &ldquo;<U>Lender</U>&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><U>RECITALS</U></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">WHEREAS, the Collateral
Manager, the Seller, the Borrower, the Administrative Agent, the Lender and Wells Fargo Bank, National Association, as Collateral
Agent, are parties to that certain Loan and Security Agreement, dated as of January 15, 2015 (as the same has been previously amended
and may be amended, modified, waived, supplemented, restated or replaced from time to time, the &ldquo;<U>Loan and Security Agreement</U>&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">WHEREAS, pursuant to and
in accordance with <U>Section 13.1</U> of the Loan and Security Agreement, the Collateral Manager and the Borrower desire to, and
have requested that the Administrative Agent and the Lender agree to, amend certain provisions of the Loan and Security Agreement
as provided herein;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">WHEREAS, the Borrower and
the Collateral Manager have informed the Administrative Agent and the Lender that Fifth Street Management LLC (&ldquo;<U>FSM</U>&rdquo;)
proposes to enter into the Asset Purchase Agreement and consummate the Asset Purchase Transaction, each of which will give rise
to a Change of Control constituting a Collateral Manager Event of Default and an Event of Default under the Loan and Security Agreement;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">WHEREAS, the Borrower and
the Collateral Manager have requested that the Administrative Agent and the Lender agree to waive such Collateral Manager Event
of Default and Event of Default;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">WHEREAS, subject to the
terms and conditions of this Amendment, the Administrative Agent and Lenders constituting at least the Required Lenders are willing
to agree to such amendments to the Loan and Security Agreement and are willing to waive such Collateral Manger Event of Default
and Event of Default.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><B>NOW THEREFORE</B>, in
consideration of the premises and the mutual covenants hereinafter contained, and for other good and valuable consideration, the
receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows:</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Defined
Terms</U>. Capitalized terms used in this Amendment and not otherwise defined herein shall have the meanings ascribed thereto in
the Loan and Security Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Amendments</U>.
The Loan and Security Agreement is hereby amended, modified and supplemented as follows:</P>

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