SEC Contract Filing

Filing Date: 2022-10-24

Document Content:
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<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>a202209-exhibit101.htm
<DESCRIPTION>EX-10.1
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 <div style="text-align: right;"><font style="font-weight: bold;">Exhibit 10.1</font><br>
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 <div style="text-align: justify; font-weight: bold;">CERTAIN INFORMATION, IDENTIFIED BY, AND REPLACED WITH, A MARK OF &#8220;[**]&#8221; HAS BEEN EXCLUDED FROM THIS DOCUMENT BECAUSE IT IS BOTH (I) NOT MATERIAL AND (II) IS THE TYPE THAT THE REGISTRANT TREATS AS
 PRIVATE OR CONFIDENTIAL.</div>
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 <div style="text-align: center; font-weight: bold;">SECOND OMNIBUS AMENDMENT AND REAFFIRMATION AGREEMENT</div>
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 <div style="text-align: justify; text-indent: 36pt;">SECOND OMNIBUS AMENDMENT AND REAFFIRMATION AGREEMENT, dated as of August 23, 2022 (this &#8220;<u>Amendment and Reaffirmation</u>&#8221;), by and among KREF LENDING IX LLC, a Delaware limited liability company
 (&#8220;<u>Seller</u>&#8221;), KKR REAL ESTATE FINANCE HOLDINGS L.P., a Delaware limited partnership (&#8220;<u>Guarantor</u>&#8221;), KREF HOLDINGS IX LLC, a Delaware limited liability company (&#8220;<u>Pledgor</u>&#8221;), and MUFG BANK, LTD. (&#8220;<u>Buyer</u>&#8221;), as the assignee of all
 of the rights and obligations of MUFG UNION BANK, N.A. under the Program Documents.</div>
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 <div style="text-align: center;"><u>RECITALS</u></div>
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 <div style="text-align: justify; text-indent: 36pt;">WHEREAS, Seller and Buyer are parties to (i) that certain Master Repurchase Agreement and Securities Contract, dated as of July 27, 2021 (as amended by that certain Omnibus Amendment and
 Reaffirmation Agreement, dated as of March 31, 2022 (the &#8220;<u>Omnibus</u>&#160;<u>Amendment</u>&#8221;), by and among Seller, Guarantor, Pledgor, KREF Capital LLC and Buyer (the &#8220;<u>Existing Repurchase Agreement</u>&#8221;, and as amended pursuant to this Amendment
 and Reaffirmation and as further amended, restated, supplemented or otherwise modified and in effect from time to time, the &#8220;<u>Repurchase Agreement</u>&#8221;), and (ii) that certain Fee Letter, dated as of July 27, 2021 (as amended by the Omnibus
 Amendment, the &#8220;<u>Existing Fee Letter</u>&#8221;, and as amended pursuant to this Amendment and Reaffirmation and as further amended, restated, supplemented or otherwise modified and in effect from time to time, the &#8220;<u>Fee Letter</u>&#8221;);</div>
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 <div style="text-align: justify; text-indent: 36pt;">WHEREAS, (i) Guarantor is party to that certain Limited Guaranty in favor of Buyer, dated as of July 27, 2021 (as amended, restated, supplemented or otherwise modified and in effect from time to
 time, the &#8220;<u>Guaranty</u>&#8221;), and (ii) Pledgor and Buyer are parties to that certain Pledge and Security Agreement, dated as of July 27, 2021 (as amended, restated, supplemented or otherwise modified and in effect from time to time, the &#8220;<u>Pledge
 Agreement</u>&#8221;);</div>
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 <div style="text-align: justify; text-indent: 36pt;">WHEREAS, Seller and Buyer wish to modify certain terms of the Existing Repurchase Agreement, the Confirmations and the Existing Fee Letter; and</div>
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 <div style="text-align: justify; text-indent: 36pt;">WHEREAS, in connection with the modifications contemplated by this Amendment and Reaffirmation, each of Guarantor and Pledgor wishes to reaffirm its respective obligations under the Guaranty or
 Pledge Agreement, as applicable, and reaffirm that the provisions of the Guaranty or Pledge Agreement, as applicable, shall remain in full force and effect upon the effectiveness of this Amendment and Reaffirmation.</div>
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 <div style="text-align: justify; text-indent: 36pt;">NOW, THEREFORE, in consideration of the premises and the agreements hereinafter set forth, the parties hereto hereby agree as follows:</div>
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 <div style="font-size: 12pt; text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt;"><u><u><u><font style="display: none;">1.</font> </u></u></u>1.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <u>Definitions</u>. Unless otherwise defined herein, terms defined in the
 Repurchase Agreement and used herein shall have the meanings given to them in the Repurchase Agreement.</font></div>
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 <div style="text-align: justify; font-size: 12pt; text-indent: 36pt;"><font style="font-size: 10pt;">2.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <u>Amendments to Existing Repurchase Agreement</u>. The parties hereto hereby agree that, as of the date hereof, the Existing Repurchase
 Agreement is hereby amended (a) to delete the red or green stricken text (indicated textually in the same manner as the following examples: <font style="color: rgb(255, 0, 0);"><strike>stricken text</strike></