SEC Contract Filing

Filing Date: 2015-06-02

Document Content:
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>v412237_ex10-1.htm
<DESCRIPTION>EXHIBIT 10.1
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><B>Exhibit 10.1</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><U>LOAN PORTFOLIO PURCHASE AGREEMENT</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">THIS LOAN PORTFOLIO
PURCHASE AGREEMENT, dated as of May 28, 2015 (this &ldquo;<U>Agreement</U>&rdquo;), is entered into by and between Madison Capital
Funding LLC, a Delaware limited liability company (&ldquo;<U>Buyer</U>&rdquo;), and OFS Capital WM, LLC, a Delaware limited liability
company (&ldquo;<U>Seller</U>&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">WHEREAS, Buyer desires
to purchase from Seller, and Seller desires to sell to Buyer, a portfolio of loans (each, a &ldquo;<U>Loan</U>&rdquo; and collectively,
the &ldquo;<U>Loans</U>&rdquo;) described in the spreadsheet attached hereto as <U>Exhibit A</U>; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">WHEREAS, pending the
Settlement Date for each Loan acquired hereunder, Buyer will provide certain loan administration services with respect to such
Loans pursuant to a loan administration services agreement with Seller.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">NOW, THEREFORE, for
good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto, intending to
be legally bound, agree as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Purchase;
Price</U>. On the terms and conditions set forth herein, Buyer agrees to purchase, and Seller agrees to sell, the Loans. Subject
to the terms and conditions set forth herein, Buyer shall pay the aggregate price (subject to adjustment as provided below) set
forth in the spreadsheet attached hereto as <U>Exhibit A</U> (allocated to each Loan as specified therein) (the &ldquo;<U>Aggregate
Purchase Price</U>&rdquo;). The Aggregate Purchase Price will be paid on a Loan by Loan basis upon the occurrence of the settlement
date for each Loan (each, a &ldquo;<U>Settlement Date</U>&rdquo;) and calculated as described below.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>LSTA
Terms</U>. The purchase contemplated hereunder is made subject to the terms and conditions of The Loan Syndications and Trading
Association, Inc. (&ldquo;<U>LSTA</U>&rdquo;) Standard Terms and Conditions for Par/Near Par Trade Confirmations (the &ldquo;<U>LSTA
Standard Terms</U>&rdquo;) attached hereto as <U>Exhibit B</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Please note that the
purchase contemplated hereunder is based on the conventions, including the pricing conventions, in the LSTA Standard Terms and
therefore the actual purchase price for each Loan will be calculated based upon the purchase rate for each Loan set forth in <U>Exhibit
A</U> and the outstanding amounts of the relevant Loan at settlement. For this purpose, the date hereof shall be deemed the &ldquo;Trade
Date&rdquo;. On the Trade Date, this Agreement shall automatically be deemed to be the &ldquo;Confirmation&rdquo; for the purchase
of the Loans, as such term is defined in the LSTA Standard Terms.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The rights purchased
will include the Loans together with all rights of Seller under any and all relevant credit agreements, notes and all other loan
documents related to the Loans and all claims and causes of action relating thereto (the &ldquo;<U>Transferred Rights</U>&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

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