AMENDMENT NO. 1 TO LOAN AND SECURITY AGREEMENT AND REAFFIRMATION OF GUARANTEESLoan and Security Agreement • December 20th, 2021 • Offerpad Solutions Inc. • Real estate agents & managers (for others) • New York
This is a LOAN AND SECURITY AGREEMENT, dated as of September 10, 2021, among OFFERPAD SPE BORROWER A, LLC, a Delaware limited liability company (the “Initial Borrower”) and each other Delaware limited liability company that may be subsequently added as a party to this Agreement under a Joinder Agreement (individually, each a “Borrower” and collectively “Borrowers”), OFFERPAD SPE BORROWER A, LLC as borrower representative (“Borrower Representative”) JPMORGAN CHASE BANK, N.A., as lender, AG MORTGAGE VALUE PARTNERS ONSHORE MASTER FUND, L.P., as lender, AG TCDRS, L.P., as lender, AG CENTRE STREET PARTNERSHIP, L.P., as lender, AG ASSET BASED CREDIT MASTER FUND (B), L.P., as lender and the persons from time to time party hereto as lenders (each, a “Lender” and collectively, “Lenders”), JPMORGAN CHASE BANK, N.A., in its capacity as administrative agent acting for and on behalf of Lenders (“Administrative Agent”) and WELLS FARGO BANK, NATIONAL ASSOCIATION, as paying agent (in such capacity, “P
SECOND 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 the Lender Dated as of December 16, 2021Mezzanine Loan and Security Agreement • December 20th, 2021 • Offerpad Solutions Inc. • Real estate agents & managers (for others) • New York
This Second Amended and Restated Mezzanine Loan and Security Agreement, dated as of December 16, 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.
SIXTH 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 December 16, 2021Loan and Security Agreement • December 20th, 2021 • Offerpad Solutions Inc. • Real estate agents & managers (for others) • Pennsylvania
This SIXTH 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 December 16, 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”).
