SEC Contract Filing

Filing Date: 2021-12-28

Document Content:
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>tm2136235d1_ex10-1.htm
<DESCRIPTION>EXHIBIT 10.1
<TEXT>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><B>Exhibit 10.1</B></P>

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

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="text-transform: uppercase">FIRST</FONT>
AMENDMENT TO <FONT STYLE="text-transform: uppercase">Second</FONT> AMENDED AND RESTATED CREDIT AGREEMENT</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="text-transform: uppercase">This
FIRST</FONT> AMENDMENT TO <FONT STYLE="text-transform: uppercase">Second</FONT> AMENDED AND RESTATED CREDIT AGREEMENT (this &#8220;<U>Amendment</U>&#8221;),
dated as of December 22, 2021, is entered into by and among REALTY INCOME CORPORATION, a Maryland corporation (the &#8220;<U>Borrower</U>&#8221;)
and WELLS FARGO BANK, NATIONAL ASSOCIATION, as Administrative Agent (the &#8220;<U>Administrative Agent</U>&#8221;).</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">WHEREAS, the Borrower, the
Lenders and the Administrative Agent have entered into that certain Second Amended and Restated Credit Agreement, dated as of August 7,
2019 (as amended, restated, supplemented or otherwise modified from time to time, the &#8220;<U>Credit Agreement</U>&#8221;), by and among
the Borrower, each of the financial institutions initially a signatory thereto together with their successors and assignees under Section
13.5 of the Credit Agreement and the Administrative Agent;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">WHEREAS, pursuant to Section
5.2(c) of the Credit Agreement, the Administrative Agent and the Borrower seek to modify certain terms and provisions of the Credit Agreement
as set forth herein;</P>

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<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 by the parties hereto, the parties hereto 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: 0.5in">Section&nbsp;1. <U>Specific
Amendments to Credit Agreement</U>. Upon the effectiveness of this Amendment, the parties hereto 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: 0.5in">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>The Credit Agreement is amended to delete the stricken text (indicated textually in the same manner as the following example: <FONT STYLE="color: red"><STRIKE>stricken
text</STRIKE></FONT>) and to add the underlined text (indicated textually in the same manner as the following example: <FONT STYLE="text-underline-style: double; color: #006BBC"><U>underlined
text</U></FONT>) as set forth in <U>Annex A</U> attached hereto.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT> Notwithstanding anything to the contrary in the Loan Documents, from and after the date hereof until the date the SORA Adjustment
has been agreed to in writing by the Borrower, the Administrative Agent and the Tranche 2 Lenders, (i) Singapore Dollars shall not be
available as a Foreign Currency under the Credit Agreement, and no Lender shall be obligated to participate in any Loan under the Credit
Agreement in Singapore Dollars, (ii) any and all outstanding Loans in Singapore Dollars shall have been repaid or prepaid by the Borrower
on or before December 31, 2021 and (iii) if a notice or instruction is given under the Credit Agreement after the date hereof that selects
Singapore Dollars as the currency of a Revolving Loan, such notice or instruction shall be deemed to be amended to select USD as the currency
of that Loan and agrees that only such amended notice or instruction will have effect under the Credit Agreement.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section&nbsp;2. <U>Conditions
Precedent</U>. The effectiveness of this Amendment is subject to the satisfaction of the following conditi