SEC Contract Filing

Filing Date: 2018-07-24

Document Content:
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<TYPE>EX-10.1
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<FILENAME>d598720dex101.htm
<DESCRIPTION>EX-10.1
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<TITLE>EX-10.1</TITLE>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit 10.1 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>EXECUTION VERSION </B></P>
<P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>AMENDMENT NO. 3 TO AMENDED AND RESTATED MASTER REPURCHASE AGREEMENT </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">AMENDMENT NO. 3 TO AMENDED AND RESTATED MASTER REPURCHASE AGREEMENT, dated as of April&nbsp;18, 2018 (this
&#147;<U>Amendment</U>&#148;), among PARLEX 4 UK FINCO, LLC and PARLEX 4 FINANCE, LLC (the &#147;<U>Sellers</U>&#148;), and JPMORGAN CHASE BANK, NATIONAL ASSOCIATION, a national banking association (&#147;<U>Buyer</U>&#148;). Capitalized terms used
but not otherwise defined herein shall have the meanings given to them in the Repurchase Agreement (as defined below). </P> <P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">RECITALS </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">WHEREAS, Sellers and Buyer are parties to that certain Amended and Restated Master Repurchase Agreement, dated as of
January&nbsp;29, 2016 (as amended by that certain Amendment No.&nbsp;1 to Amended and Restated Master Repurchase Agreement and Guarantee Agreement, dated as of July&nbsp;25, 2016, as further amended by that certain Amendment No.&nbsp;2 to Amended
and Restated Master Repurchase Agreement, dated as of May&nbsp;17, 2017, as amended hereby, and as further amended, restated, supplemented or otherwise modified and in effect from time to time, the &#147;<U>Repurchase Agreement</U>&#148;); </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">WHEREAS, Sellers and Buyer have agreed, subject to the terms and conditions hereof, that the Repurchase Agreement shall be
amended as set forth in this Amendment. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">NOW THEREFORE, in consideration of the premises and for other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, Sellers and Buyer each agree as follows, and Blackstone Mortgage Trust, Inc. (&#147;<U>Guarantor</U>&#148;) agrees to make the acknowledgments set forth herein: </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><B>SECTION 1. </B><U>Amendments to Repurchase Agreement.</U> </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">(a) The definition of &#147;<U>Maturity Date</U>&#148;, as set forth in <U>Article 2</U> of the Repurchase Agreement, is hereby
amended by deleting the date &#147;January 7, 2020&#148; and inserting the date &#147;January 7, 2021&#148; in lieu thereof.&nbsp;&nbsp;&nbsp;&nbsp; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><B>SECTION 2. </B><U>Conditions Precedent</U>. This Amendment shall become effective on the date (the &#147;<U>Amendment
Effective Date</U>&#148;) on which this Amendment is executed and delivered by a duly authorized officer of each of Guarantor, Sellers and Buyer, along with delivery to Buyer of customary opinions as to enforceability and corporate matters with
respect to Sellers and a bring down letter affirming the legal opinion with respect to the applicability of the Bankruptcy Code safe harbors that was provided to Buyer on the Amendment and Restatement Date. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><B>SECTION 3. </B><U>Sellers&#146; Representations and Warranties</U>. On and as of the date first above written, each Seller
hereby represents and warrants to Buyer that (a)&nbsp;it is in compliance with all the terms and provisions set forth in the Repurchase Agreement on its part to be observed or performed, (b)&nbsp;after giving effect to this Amendment, no Default or
Event of </P>

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Default under the Repurchase Agreement has occurred and is continuing, and (c)&nbsp;after giving effect to this Amendment, the representations and warranties contained in Article 9 of the
Repurchase Agreement are true and correct in all material respects as though made on such date (except for any such representation or warranty that by its terms refers to a specific date other than the date first above written, in which case it
shall be true and correct in all material respects as of such other date), (d) such Seller has taken all necessary action to authorize the execution, delivery and performance of this Amendment and (e)&nbsp;this Amendment has been duly executed and
delivered by or on behalf of such Seller and constitutes the legal, valid and binding obligation of such Seller enforceable against such Seller in accordance with its terms subject to bankruptcy, insolvency, and other limitations on creditors&#146;
rights generally and to equitable principles. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><B>SECTION 4. </B><U>Acknowledgments of Guarantor</U>. In connection with