SEC Contract Filing

Filing Date: 2020-01-10

Document Content:
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<TYPE>EX-10.1
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<FILENAME>ex101citibankthirdamendm.htm
<DESCRIPTION>EXHIBIT 10.1
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<DIV><FONT size="1" style="font-size:1pt;color:white"> Exhibit 10.1 EXECUTION VERSION THIRD AMENDMENT TO MASTER REPURCHASE AGREEMENT AND OTHER TRANSACTION DOCUMENTS THIRD AMENDMENT TO MASTER REPURCHASE AGREEMENT AND OTHER TRANSACTION DOCUMENTS, dated as of January 9, 2020 (this &#8220;Amendment&#8221;), by and among GP COMMERCIAL CB LLC, a Delaware limited liability company (&#8220;Seller&#8221;), as seller, CITIBANK, N.A., a national banking association (including any successor and assigns thereto, &#8220;Purchaser&#8221;), as purchaser, and acknowledged and agreed to by GRANITE POINT MORTGAGE TRUST, INC., a Maryland corporation (&#8220;Guarantor&#8221;), as guarantor. Capitalized terms used and not otherwise defined herein shall have the meanings given to such terms in the Repurchase Agreement (as defined below). RECITALS WHEREAS, Seller and Purchaser entered into that certain Master Repurchase Agreement, dated as of June 28, 2017 (as amended by the First Amendment to Master Repurchase Agreement and Other Transaction Documents, dated as of February 28, 2019, and the Second Amendment to Master Repurchase Agreement and Other Transaction Documents, dated as of July 15, 2019 the &#8220;Original Repurchase Agreement&#8221;; as amended by this Amendment and as the same may be further amended, replaced, restated, supplemented or otherwise modified from time to time, the &#8220;Repurchase Agreement&#8221;); WHEREAS, Seller and Purchaser entered into that certain Fee Letter, dated as of June 28, 2017 (as amended by the First Amendment to Fee Letter and Other Transaction Documents, dated as of January 11, 2019, the Second Amendment to Fee Letter and Other Transaction Documents, dated as of July 15, 2019, and the Third Amendment to Fee Letter and Other Transaction Documents, dated as of the date hereof and as the same may be further amended, replaced, restated, supplemented or otherwise modified from time to time, the &#8220;Fee Letter&#8221;); and WHEREAS, Seller and Purchaser each desire to make certain modifications to the Original Repurchase Agreement and the other Transaction Documents pursuant to and the terms and conditions of this Amendment; WHEREAS, it is a condition to the effectiveness of this Amendment, that Guarantor reaffirms the terms and conditions of the Guaranty; and NOW THEREFORE, in consideration of the foregoing recitals, and other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties hereto, intending to be legally bound, agree as follows: ARTICLE 1 AMENDMENTS TO ORIGINAL REPURCHASE AGREEMENT (a) The definition of &#8220;Stated Facility Expiration Date&#8221; set forth in Article 2 of the Original Repurchase Agreement is hereby amended and restated in its entirety as follows: 26384869.3.BUSINESS -1- </FONT></DIV>
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<DIV><FONT size="1" style="font-size:1pt;color:white"> &#8220;Stated Facility Expiration Date&#8221; shall mean January 9, 2023. ARTICLE 2 AMENDMENT TO OTHER TRANSACTION DOCUMENTS Each Transaction Document is hereby amended such that each reference to the &#8220;Repurchase Agreement&#8221; shall mean the Original Repurchase Agreement as amended by this Amendment and as the same may be further amended, replaced, restated, supplemented or otherwise modified from time to time. ARTICLE 3 REPRESENTATIONS (a) Each of Seller and Guarantor represents and warrants to Purchaser, as of the date of this Amendment, as follows: (i) it is duly authorized to execute and deliver this Amendment and has taken all necessary action to authorize such execution, delivery and performance; (ii) the person signing this Amendment on its behalf is duly authorized to do so on its behalf; (iii) the execution, delivery and performance of this Amendment will not violate any Requirement of Law applicable to it or its organizational documents or any agreement by which it is bound or by which any of its assets are affected; (iv) the execution, delivery and performance of this Amendment will not be in conflict with, result in a breach of, or constitute (with due notice or lapse of time or both) a default under, or result in the creation or imposition of any lien of any nature whatsoever upon any of the property or assets of such Person, pursuant to any such agreement; (v) except for those obtained or filed on or prior to the date hereof, such Person is not required to obtain any consent, approval or authorization from, or to file any declaration or statement with, any governmental authority or other agency in connection with or as a condition to the execution, delivery or performance of this Amendment; (vi) this Amendment is a legal and binding obligation of such Person and is enforceable against such Person in accordance with its terms, except as limited by bankruptcy, insolvency or other laws of general application relating to the enforcement of creditors&#8217; rights and subject, as to enforceability, to general principals of equity, regardless whether enforcement is sought in a proceeding in equity or at law; (vii) this Amendment has been duly executed and delivered by it; (viii) no event has occurred and is continuing which constitutes an Event of Default under the Repurchase Agreement, the Fee Letter or any other Transaction Document, or any event that but for noti