SEC Contract Filing

Filing Date: 2022-08-05

Document Content:
<DOCUMENT>
<TYPE>EX-10.12
<SEQUENCE>15
<FILENAME>a2022630-exhibit1012.htm
<DESCRIPTION>EX-10.12
<TEXT>
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<title>Document</title></head><body><div id="ib6cf5f68696644cf8ea31248caea29e3_1"></div><div style="min-height:72pt;width:100%"><div><font><br></font></div></div><div style="margin-top:18pt;text-align:center"><font style="color:#000000;font-family:'Times',sans-serif;font-size:12pt;font-weight:700;line-height:117%">Joinder Agreement</font></div><div style="margin-top:14pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times',sans-serif;font-size:12pt;font-weight:400;line-height:117%">This Joinder Agreement, dated as of July 5, 2022 (this </font><font style="color:#000000;font-family:'Times',sans-serif;font-size:12pt;font-style:italic;font-weight:400;line-height:117%">&#8220;Agreement&#8221;</font><font style="color:#000000;font-family:'Times',sans-serif;font-size:12pt;font-weight:400;line-height:117%">) is executed by the Various Entities listed on Schedule&#160;I hereto (collectively, the </font><font style="color:#000000;font-family:'Times',sans-serif;font-size:12pt;font-style:italic;font-weight:400;line-height:117%">&#8220;Additional Originators&#8221;</font><font style="color:#000000;font-family:'Times',sans-serif;font-size:12pt;font-weight:400;line-height:117%"> and each, an </font><font style="color:#000000;font-family:'Times',sans-serif;font-size:12pt;font-style:italic;font-weight:400;line-height:117%">&#8220;Additional Originator&#8221;</font><font style="color:#000000;font-family:'Times',sans-serif;font-size:12pt;font-weight:400;line-height:117%">).</font></div><div style="margin-top:14pt;text-align:center"><font style="color:#000000;font-family:'Times',sans-serif;font-size:12pt;font-weight:700;line-height:117%">Background</font></div><div style="margin-top:14pt;text-align:justify"><font style="color:#000000;font-family:'Times',sans-serif;font-size:12pt;font-weight:400;line-height:117%">&#160;&#160;&#160;&#160;A.&#160;&#160;&#160;&#160;Warner Bros. Discovery Receivables Funding, LLC (formerly known as AT&#38;T Receivables Funding II, LLC), a Delaware limited liability company (the </font><font style="color:#000000;font-family:'Times',sans-serif;font-size:12pt;font-style:italic;font-weight:400;line-height:117%">&#8220;Buyer&#8221;</font><font style="color:#000000;font-family:'Times',sans-serif;font-size:12pt;font-weight:400;line-height:117%">) and the various entities from time to time party thereto, as Originators (collectively, the </font><font style="color:#000000;font-family:'Times',sans-serif;font-size:12pt;font-style:italic;font-weight:400;line-height:117%">&#8220;Originators&#8221;</font><font style="color:#000000;font-family:'Times',sans-serif;font-size:12pt;font-weight:400;line-height:117%">), have entered into that certain Purchase and Sale Agreement, dated as of March&#160;27, 2019 (as amended, restated, supplemented or otherwise modified through the date hereof, and as it may be further amended, restated, supplemented or otherwise modified from time to time, the </font><font style="color:#000000;font-family:'Times',sans-serif;font-size:12pt;font-style:italic;font-weight:400;line-height:117%">&#8220;Purchase and Sale Agreement&#8221;</font><font style="color:#000000;font-family:'Times',sans-serif;font-size:12pt;font-weight:400;line-height:117%">).</font></div><div style="margin-top:14pt;text-align:justify"><font style="color:#000000;font-family:'Times',sans-serif;font-size:12pt;font-weight:400;line-height:117%">&#160;&#160;&#160;&#160;B.&#160;&#160;&#160;&#160;Each Additional Originator desires to become an Originator pursuant to Section&#160;4.2 of the Purchase and Sale Agreement.</font></div><div style="margin-top:14pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times',sans-serif;font-size:12pt;font-weight:400;line-height:117%">Now, Therefore, in consideration of the foregoing and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, each Additional Originator hereby agrees as follows&#58;</font></div><div style="margin-top:14pt;text-align:justify"><font style="color:#000000;font-family:'Times',sans-serif;font-size:12pt;font-weight:400;line-height:117%">&#160;&#160;&#160;&#160;</font><font style="color:#000000;font-family:'Times',sans-serif;font-size:12pt;font-style:italic;font-weight:400;line-height:117%">Section&#160;1.&#160;&#160;&#160;&#160;Definitions.</font><font style="color:#000000;font-family:'Times',sans-serif;font-size:12pt;font-weight:400;line-height:117%"> Capitalized terms used in this Agreement and not otherwise defined herein shall have the meanings assigned thereto in the Purchase and Sale Agreement or in the Receivables Purchase Agreement (as defined in the Purchase and Sale Agreement).</font></div><div style="margin-top:14pt;text-align:justify"><font style="color:#000000;font-family:'Times',sans-serif;font-size:12pt;font-weight:400;line-height:117%">&#160;&#160;&#160;&#160;</font><font style="color:#000000;font-family:'Times',sans-serif;font-size:12pt;font-style:italic;font-weight:400;line-height:117%">Section&#160;2.&#160;&#160;&#160;&#160;Transaction Documents.</font><font style="color:#000000;font-family:'Times',sans-serif;font-size:12pt;font-weight:400;line-height:117%"> Each Additional Originator hereby agrees that it shall be bound by all of the terms, conditions and provisions of, and shall be deemed to be a party to (as if it were an original signatory to), the Purchase and Sale Agreement and each of the other relevant Transaction Documents. From and after the later of the date hereof and the date that such Additional Originator has complied with all of the requirements of Section&#160;4.2 of the Purchase and Sale Agreement, such Additional Originator