SEC Contract Filing

Filing Date: 2020-04-29

Document Content:
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>tm2017831d1_ex10-1.htm
<DESCRIPTION>EXHIBIT 10.1
<TEXT>
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<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Exhibit
10.1</B></FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>FIFTH AMENDMENT TO SECOND AMENDED AND
RESTATED WAREHOUSING CREDIT AND SECURITY AGREEMENT</B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">THIS FIFTH AMENDMENT
TO SECOND AMENDED AND RESTATED WAREHOUSING CREDIT AND SECURITY AGREEMENT (this &#8220;<B>Fifth Amendment</B>&#8221;) is made effective
as of the 23<SUP>rd</SUP> day of April, 2020, by and among WALKER &amp; DUNLOP, LLC, a Delaware limited liability company (&#8220;<B>Borrower</B>&#8221;),
WALKER &amp; DUNLOP, INC., a Maryland corporation (&#8220;<B>Parent</B>&#8221;), and PNC BANK, NATIONAL ASSOCIATION (&#8220;<B>Lender</B>&#8221;).</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><U>R E C I T A L S</U></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">WHEREAS, Lender, Borrower
and Parent are parties to that certain Second Amended and Restated Warehousing Credit and Security Agreement, dated as of September
11, 2017, by and among Borrower, Parent, and Lender, as amended by that First Amendment to Second Amended and Restated Warehousing
Credit and Security Agreement, dated as of September 15, 2017, that Second Amendment to Second Amended and Restated Warehousing
Credit and Security Agreement, dated as of September 10, 2018, that Third Amendment to Second Amended and Restated Warehousing
Credit and Security Agreement, dated May 20, 2019, and that Fourth Amendment to Second Amended and Restated Warehousing Credit
and Security Agreement, dated September 6, 2019 (as amended, the &#8220;<B>Credit Facility Agreement</B>&#8221;), whereby upon
the satisfaction of certain terms and conditions set forth therein, the Lender agreed to make Warehousing Advances from time to
time, up to the Warehousing Credit Limit (each such term as defined in the Credit Facility Agreement).</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">WHEREAS, Borrower has
requested, and Lender has agreed, pursuant to the terms hereof, to modify certain terms of the Credit Facility Agreement as set
forth in this Fifth Amendment.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">NOW, THEREFORE, for and
in consideration of the premises, the mutual entry of this Fifth Amendment by the parties hereto and for other good and valuable
consideration, the receipt and adequacy of which are hereby acknowledged, the parties hereby agree as follows:</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>Section 1</B>.&nbsp;&nbsp;&nbsp;&nbsp;<B>&#9;</B><U>Recitals</U>.
The Recitals are hereby incorporated into this Fifth Amendment as a substantive part hereof.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>Section 2.</B>&#9;&nbsp;&nbsp;&nbsp;<U>Definitions</U>.
Terms used herein and not otherwise defined shall have the meanings set forth in the Credit Facility Agreement.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>Section 3</B>.&#9;&nbsp;&nbsp;&nbsp;<U>Amendments
to Credit Facility Agreement</U>. The Credit Facility Agreement is hereby amended as follows:</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>The Warehousing Note referenced in Section 1.3 and attached to the Credit Facility Agreement as <U>Exhibit A</U>, is hereby
replaced with the Seventh Amended and Restated Warehousing Note attached to this Fifth Amendment as <U>Exhibit A</U>.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&