SEC Contract Filing

Filing Date: 2021-04-29

Document Content:
<DOCUMENT>
<TYPE>EX-10.4
<SEQUENCE>5
<FILENAME>ex104massmutual.htm
<DESCRIPTION>EX-10.4
<TEXT>
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<title>Document</title></head><body><div id="i9c084d302a2b4a1c8fc4a6e770f0b7b3_1"></div><div style="min-height:72pt;width:100%"><div style="text-align:right"><font style="color:#000000;font-family:'Times',sans-serif;font-size:11pt;font-weight:700;line-height:117%">Exhibit 10.4</font></div><div style="text-align:right"><font><br></font></div><div style="text-align:right"><font style="color:#000000;font-family:'Times',sans-serif;font-size:12pt;font-weight:400;line-height:116%">Execution Version</font></div></div><div style="text-align:center"><font style="color:#000000;font-family:'Times',sans-serif;font-size:12pt;font-weight:700;line-height:117%">Fourth Amendment to Note Purchase Agreement</font></div><div style="margin-top:14pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times',sans-serif;font-size:12pt;font-weight:400;line-height:117%">This Fourth Amendment dated as of February 18, 2021 (this </font><font style="color:#000000;font-family:'Times',sans-serif;font-size:12pt;font-style:italic;font-weight:400;line-height:117%">&#8220;Fourth Amendment&#8221;</font><font style="color:#000000;font-family:'Times',sans-serif;font-size:12pt;font-weight:400;line-height:117%">) to the Note Purchase Agreement (as defined below) is among Pebblebrook Hotel, L.P., a Delaware limited partnership (the </font><font style="color:#000000;font-family:'Times',sans-serif;font-size:12pt;font-style:italic;font-weight:400;line-height:117%">&#8220;Company&#8221;</font><font style="color:#000000;font-family:'Times',sans-serif;font-size:12pt;font-weight:400;line-height:117%">), Pebblebrook, Hotel Trust, a Maryland real estate investment trust (the &#8220;</font><font style="color:#000000;font-family:'Times',sans-serif;font-size:12pt;font-style:italic;font-weight:400;line-height:117%">Parent REIT</font><font style="color:#000000;font-family:'Times',sans-serif;font-size:12pt;font-weight:400;line-height:117%">&#8221;) and each of the institutions set forth on the signature pages to this Fourth Amendment (collectively, the </font><font style="color:#000000;font-family:'Times',sans-serif;font-size:12pt;font-style:italic;font-weight:400;line-height:117%">&#8220;Noteholders&#8221;</font><font style="color:#000000;font-family:'Times',sans-serif;font-size:12pt;font-weight:400;line-height:117%">).</font></div><div style="margin-top:18pt;text-align:center"><font style="color:#000000;font-family:'Times',sans-serif;font-size:12pt;font-weight:700;line-height:117%">Recitals</font></div><div style="margin-top:14pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times',sans-serif;font-size:12pt;font-weight:400;line-height:117%">A.&#160;&#160;&#160;&#160;The Company and each of the Noteholders have heretofore entered into the Note Purchase Agreement dated as of November 12, 2015, as amended by that certain First Amendment dated as of October 13, 2017, that certain Second Amendment dated as of June 29, 2020 and that certain Third Amendment dated as of December 10, 2020 (as amended, the </font><font style="color:#000000;font-family:'Times',sans-serif;font-size:12pt;font-style:italic;font-weight:400;line-height:117%">&#8220;Note Purchase Agreement&#8221;</font><font style="color:#000000;font-family:'Times',sans-serif;font-size:12pt;font-weight:400;line-height:117%">). The Company has heretofore issued (i)&#160;$60,000,000 aggregate principal amount of its 4.70% Senior Notes, Series&#160;A, due December&#160;1, 2023 (the </font><font style="color:#000000;font-family:'Times',sans-serif;font-size:12pt;font-style:italic;font-weight:400;line-height:117%">&#8220;Series A Notes&#8221;</font><font style="color:#000000;font-family:'Times',sans-serif;font-size:12pt;font-weight:400;line-height:117%">) and (ii)&#160;$40,000,000 aggregate principal amount of its 4.93% Senior Notes, Series&#160;B, due December&#160;1, 2025 (the </font><font style="color:#000000;font-family:'Times',sans-serif;font-size:12pt;font-style:italic;font-weight:400;line-height:117%">&#8220;Series&#160;B Notes&#8221;</font><font style="color:#000000;font-family:'Times',sans-serif;font-size:7.8pt;font-style:italic;font-weight:400;line-height:117%;position:relative;top:-4.2pt;vertical-align:baseline"> </font><font style="color:#000000;font-family:'Times',sans-serif;font-size:12pt;font-weight:400;line-height:117%">and, together with the Series&#160;A Notes, the </font><font style="color:#000000;font-family:'Times',sans-serif;font-size:12pt;font-style:italic;font-weight:400;line-height:117%">&#8220;Notes&#8221;</font><font style="color:#000000;font-family:'Times',sans-serif;font-size:12pt;font-weight:400;line-height:117%">) pursuant to the Note Purchase Agreement. </font></div><div style="margin-top:14pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times',sans-serif;font-size:12pt;font-weight:400;line-height:117%">B.&#160;&#160;&#160;&#160;The Company, the Parent REIT and the Noteholders now desire to amend the Note Purchase Agreement in the respects, but only in the respects, hereinafter set forth.</font></div><div style="margin-top:14pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times',sans-serif;font-size:12pt;font-weight:400;line-height:117%">C.&#160;&#160;&#160;&#160; Capitalized terms used herein shall have the respective meanings ascribed thereto in the Note Purchase Agreement, as amended by this Fourth Amendment, unless herein defined or the context shall otherwise require.</font></div><div style="margin-top:14pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times',sans-serif;font-size:12pt;font-weight:400;line-height:117%">D.&#160;&#160;&#160