SEC Contract Filing

Filing Date: 2023-02-07

Document Content:
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<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>ny20006440x9_ex10-1.htm
<DESCRIPTION>EXHIBIT 10.1
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 <hr noshade="noshade" align="center" style="height: 4px; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;">Exhibit 10.1</div>
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 <div style="text-align: center; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold;">FIRST AMENDMENT TO CREDIT AGREEMENT</div>
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 <div style="text-align: justify; text-indent: 36pt; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">This First Amendment to the Credit Agreement (defined below)<font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">&#160;</font>(this &#8220;<font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"><u>First Amendment</u></font>&#8221;) is entered into as of February 6, 2023, by and among Stronghold Digital Mining, Inc., a Delaware
 corporation (&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"><u>Holdings</u></font>&#8221;), Stronghold Digital Mining Holdings, LLC, a Delaware limited liability company (the &#8220;<font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"><u>Borrower</u></font>&#8221;), each Subsidiary of the Borrower listed as a &#8220;Guarantor&#8221; on the signature pages hereto (together with Holdings, each a &#8220;<font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"><u>Guarantor</u></font>&#8221;
 and collectively, the &#8220;<font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"><u>Guarantors</u></font>&#8221;), the Lenders (as defined below) party hereto, Whitehawk Capital Partners LP (&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"><u>Whitehawk Capital</u></font>&#8221;), as collateral agent for the Lenders (in such capacity, together with its designees, successors and assigns, the &#8220;<font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"><u>Collateral Agent</u></font>&#8221;) and Whitehawk Capital, as administrative agent for the Lenders (in such capacity, together with its designees, successors and assigns, the &#8220;<font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"><u>Administrative Agent</u></font>&#8221; and together with the Collateral Agent, each an &#8220;<font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"><u>Agent</u></font>&#8221; and collectively, the &#8220;<font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"><u>Agents</u></font>&#8221;)and the Lenders (as defined below) party hereto.</div>
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 <div style="text-align: center; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold;"><u>W I T N E S S E T H</u></div>
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 <div style="text-align: justify; text-indent: 36pt; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">WHEREAS, Holdings, the Borrower, each Guarantor, Whitehawk Finance LLC and/or its Affiliates or designees and the other lenders from
 time to time party thereto (each a &#8220;<font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"><u>Lender</u></font>&#8221; and collectively, the &#8220;<font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"><u>Lenders</u></font>&#8221;),
 and the Agents are party to that certain Credit Agreement dated as of October 27, 2022 (the &#8220;<font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"><u>Credit Agreement</u></font>&#8221;) pursuant to which the Lenders have agreed to
 make Loans available to the Borrower;</div>
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 <div style="text-align: justify; text-indent: 36pt; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">WHEREAS, the Borrower, Holdings, Lenders and the Agents wish to make certain amendments to the Credit Agreement as provided below
 subject to the terms and conditions hereinafter set forth; and</div>
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 <div style="text-align: justify; text-indent: 36pt; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">NOW, THEREFORE, in consideration of the mutual agreements contained in this First Amendment and herein and other good and valuable
 consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto hereby mutually agree as follows:</div>
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 <div style="text-align: justify; text-indent: 36pt; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">NOW, THEREFORE, in consideration of the foregoing and the mutual covenants herein contained, and for other good and valuable
 consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereby agree as follows:</div>
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 <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">1.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"><u>Defined Terms</u></font>.&#160; Each capitalized term used herein and not defined herein shall have the meaning ascribed to such term in the Credit Agreement.</font></div>
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