SEC Contract Filing

Filing Date: 2020-03-30

Document Content:
<DOCUMENT>
<TYPE>EX-10.11Q
<SEQUENCE>18
<FILENAME>ex_178516.htm
<DESCRIPTION>EXHIBIT 10.11(Q)
<TEXT>
<html><head>
	<title>ex_178516.htm</title>

	<!-- Generated by ThunderDome Portal - 3/24/2020 12:26:41 AM --><meta charset="utf-8"><meta name="format-detection" content="telephone=no">
</head>
<body style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; padding:0in .1in;">
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt 7.2pt;text-align:center;">CERTAIN INFORMATION, IDENTIFIED BY [*****], HAS BEEN EXCLUDED FROM THE EXHIBIT BECAUSE IT IS BOTH NOT MATERIAL AND WOULD LIKELY CAUSE COMPETITIVE HARM TO THE COMPANY IF PUBLICLY DISCLOSED.</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt 7.2pt;text-align:center;">&nbsp;</p>

<p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt; text-align: right;">Exhibit 10.11(q)</p>

<p style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">&nbsp;</p>

<p style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">&nbsp;</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;">SECOND AMENDMENT TO PURCHASE AGREEMENT</p>

<p style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">&nbsp;</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;text-indent:72pt;">This SECOND AMENDMENT, dated as of January 23, 2020 (this &#8220;<u>Amendment</u>&#8221;), to the PURCHASE AGREEMENT, dated as of November 16, 2018 (the &#8220;<u>Existing Agreement</u>&#8221; and as amended by this Amendment and the First Amendment to the Purchase Agreement dated as of November 13, 2019, the &#8220;<u>Agreement</u>&#8221;), among PERIMETER MASTER NOTE BUSINESS TRUST, a business trust organized and existing under the laws of the State of Nevada, as issuer (the &#8220;<u>Issuer</u>&#8221;), PERIMETER FUNDING CORPORATION, a Nevada corporation (&#8220;<u>Perimeter</u>&#8221;), as transferor (together with its successors and permitted assigns in such capacity, the &#8220;<u>Transferor</u>&#8221;), ACCESS FINANCING, LLC, a Georgia limited liability company, as servicer (together with its successors and permitted assigns, the &#8220;<u>Servicer</u>&#8221;), TSO-FORTIVA NOTES HOLDCO LP, as Agent (the &#8220;<u>Agent</u>&#8221;) and TSO-FORTIVA NOTES HOLDCO LP, as an Investor.</p>

<p style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">&nbsp;</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;">W I T N E S S E T H :</p>

<p style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">&nbsp;</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;text-indent:72pt;">WHEREAS, the parties wish to amend the Existing Agreement as set forth herein;</p>

<p style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">&nbsp;</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;text-indent:72pt;">NOW, THEREFORE, in consideration of the mutual covenants herein contained, and other good and valuable consideration, the receipt and adequacy of which are hereby expressly acknowledged, the parties hereto agree as follows:</p>

<p style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">&nbsp;</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;text-indent:72pt;">1. <u>Definitions</u>. Capitalized terms used herein and not otherwise defined herein shall have the meanings specified in the Existing Agreement.</p>

<p style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">&nbsp;</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;text-indent:72pt;">2. <u>Amendments</u>.</p>

<p style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">&nbsp;</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;text-indent:72pt;">(a) Section 1.1 of the Existing Agreement is hereby amended by deleting the definition of &#8220;Target Proceeds Amount&#8221; and adding the following two definitions:</p>

<p style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">&nbsp;</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:72pt;margin-right:36pt;margin-top:0pt;text-align:left;text-indent:36pt;">&#8220;<u>Daily Target Proceeds Amount</u>&#8221; means, for any date of determination occurring on or after December 1, 2019, an amount equal to [*****], in each case as of the day prior to such date of determination.</p>

<p style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">&nbsp;</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:72pt;margin-right:36pt;margin-top:0pt;text-align:left;text-indent:36pt;">&#8220;<u>Target Proceeds Amount</u>&#8221; means, for each Monthly Period commencing on or after December 1, 2019 and occurring before December 1, 2020, an amount equal to the sum of the Daily Target Proceeds Amount for each day in such Monthly Period.</p>

<p style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">&nbsp;</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;text-indent:72pt;">(b)