AMENDED AND RESTATED MEZZANINE LOAN AND SECURITY AGREEMENT AMONG OP SPE BORROWER PARENT, LLC, as Parent Borrower, OP SPE PHX1, LLC, as a Borrower, OP SPE TPA1, LLC, as a Borrower, and as Lender Dated as of March 31, 2021Mezzanine Loan and Security Agreement • April 7th, 2021 • Supernova Partners Acquisition Company, Inc. • Blank checks • New York
This Amended and Restated Mezzanine Loan and Security Agreement, dated as of March 31, 2021, is by and among OP SPE Borrower Parent, LLC, a Delaware limited liability company (“Parent Borrower”), and OP SPE PHX1, LLC, a Delaware limited liability company, and OP SPE TPA1, LLC, a Delaware limited liability company (each, a “Borrower” and, collectively with Parent Borrower, the “Borrowers”), on the one hand, and LL Private Lending Fund II, L.P., a Delaware limited partnership, as lender (the “Lender”), on the other hand.
FIFTH AMENDED AND RESTATED LOAN AND SECURITY AGREEMENT by and among OFFERPAD (SPVBORROWER1), LLC, as Borrower, as Senior Lender, as Mezz Lender, and as Collateral Agent for Lenders Dated as of March 31, 2021Loan and Security Agreement • April 7th, 2021 • Supernova Partners Acquisition Company, Inc. • Blank checks • Pennsylvania
This FIFTH AMENDED AND RESTATED LOAN AND SECURITY AGREEMENT (as may be amended, restated, supplemented or otherwise modified from time to time, this “Agreement”) is made and entered into as of March 31, 2021, by and among (a) OFFERPAD (SPVBORROWER1), LLC (“Borrower”), as Borrower, (b) LL PRIVATE LENDING FUND, L.P. (“Senior Lender”), as lender under the Revolving Senior Loan, (c) LL PRIVATE LENDING FUND II, L.P. (“Mezz Lender”), as lender under the Revolving Mezz Loan, and (d) LL FUNDS, LLC, as collateral agent for Lenders (the “Collateral Agent”).
Incentive Stock Option Agreement under the OfferPad, Inc.Incentive Stock Option Agreement • April 7th, 2021 • Supernova Partners Acquisition Company, Inc. • Blank checks • Delaware
Pursuant to the OfferPad 2016 Stock Option and Grant Plan (the “Plan”), OfferPad, Inc., a Delaware corporation (together with all successors thereto, the “Company”), hereby grants to the Optionee, who is an employee of the Company or any of its Subsidiaries, an Option to purchase, on or prior to the Expiration Date (or such earlier date as provided in Section 3 below), all or any part of the number of shares of Common Stock of the Company indicated above (the “Underlying Shares”, with such shares once issued being referred to herein and in the Plan as “Option Shares”) at the Option Exercise Price per share indicated above.
