SEC Contract Filing

Filing Date: 2022-12-23

Document Content:
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>tm2233393d1_ex10-1.htm
<DESCRIPTION>EXHIBIT 10.1
<TEXT>
<HTML>
<HEAD>
 <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

 <P STYLE="text-align: left; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt"><IMG SRC="tm2233393d1_ex10-1sp1img01.jpg" ALT="">&nbsp;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font-size: 10pt"><B>SECOND </B></FONT><B>AMENDED
AND RESTATED<BR>
REVOLVING NOTE AND CASH SUBORDINATION AGREEMENT</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify; text-indent: 0.5in">THIS <FONT STYLE="font-size: 10pt">SECOND
</FONT>AMENDED AND RESTATED REVOLVING NOTE AND CASH SUBORDINATION AGREEMENT <FONT STYLE="font-size: 10pt">(this &#8220;<B>Agreement</B>&#8221;)
</FONT>is entered into this December&nbsp;21, 2022, between Byline Bank (the &#8220;<B>Lender</B>&#8221;) and J.V.B. Financial Group,
LLC (the &#8220;<B>Broker/Dealer</B>&#8221;). This Agreement shall not be effective or deemed to constitute a satisfactory subordination
agreement under Appendix D to Rule&nbsp;15c3-1 under the Securities Exchange Act of 1934, as amended (the &#8220;<B>Act</B>&#8221; or
 &#8220;<B>SEA</B>&#8221;), unless and until the Financial Industry Regulatory Authority (&#8220;<B>FINRA</B>&#8221;) has found the Agreement
acceptable as to form and content.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify">1.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>GENERAL</U></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify; text-indent: 0.5in">(a)&nbsp;Subject to the terms
and conditions hereinafter set forth, the Lender agrees that from time to time between the date first written above and December&nbsp;21,
2023 (the &#8220;<B>Credit Period</B>&#8221;) it will lend to the Broker/Dealer sums of money on a revolving basis (each an &#8220;<B>Advance</B>&#8221;,
collectively &#8220;Advances&#8221;) which, in the aggregate principal amount outstanding at any one time, shall not exceed Twenty Five
Million Dollars ($25,000,000) (the &#8220;<B>Credit Line</B>&#8221; or &#8220;<B>Commitment Amount</B>&#8221;).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify; text-indent: 0.5in">(b)&nbsp;During the Credit
Period, the Broker/Dealer may utilize the Credit Line (as then in effect) by borrowing and/or prepaying outstanding Advances, in whole
or in part, and reborrowing, all in accordance with the terms and provisions hereof. Each Advance shall be in the aggregate amount of
One Million Dollars ($1,000,000) or higher integral multiple of Five Hundred Thousand Dollars ($500,000), or such lesser amount as would
bring the total principal amount advanced by Lender to Broker/Dealer to the Commitment Amount.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify; text-indent: 0.5in">(c)&nbsp;The Broker/Dealer
is obligated to repay the aggregate unpaid principal amount of all Advances on or before December&nbsp;21, 2024 (the &#8220;<B>Scheduled
Maturity Date</B>&#8221;). No Advance shall be considered equity (for purposes of Appendix D of Rule&nbsp;15c3-1 under the Act) despite
the length of the initial term of any Advance.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify; text-indent: 0.5in">(d)&nbsp;The obligation of
the Broker/Dealer to repay the aggregate unpaid principal amount of the Advances shall be evidenced by a promissory note of the Broker/Dealer
(the &#8220;<B>Revolving Note</B>&#8221;) in substantially the form attached hereto as <U>Exhibit&nbsp;A</U> (with the blank spaces appropriately
completed), payable to the order of the Lender, for an amount not exceeding in the aggregate the Credit Line and bearing interest at rates
to be agreed upon by the Broker/Dealer and the Lender at the time of any Advance. The Revolving Note shall be dated, and shall be delivered
to the Lender, on the date of the execution and delivery of this Agreement by the Broker/Dealer. The Lender shall, and is hereby authorized
by the Broker/Dealer to, endorse on the schedule attached to the Revolving Note, or on a continuation of such schedule attached thereto
and made a part thereof, appropriate notations regarding each Advance evidenced by the Revolving Note as specifically provided therein;
provided, however, that the failure to make, or error in making, any such notation shall not limit or otherwise affect the obligations
of the Broker/Dealer hereunder or under the Revolving Note.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify; text-indent: 0.5in">(e)&nbsp;Whenever the Broker/Dealer
desires to utilize the Credit Line, it shall