AMENDMENT NO. 1 TO FOURTH AMENDED AND RESTATED LOAN AND SECURITY AGREEMENT AMONG AEROCENTURY CORP., as Borrower DRAKE ASSET MANAGEMENT JERSEY LIMITED, as Lender and UMB BANK, N.A., as Administrative Agent October 30, 2020Loan and Security Agreement • November 2nd, 2020 • Aerocentury Corp • Services-equipment rental & leasing, nec • New York
This Amendment No. 1 to Fourth Amended and Restated Loan and Security Agreement (this “Amendment”), dated as of October 30, 2020 (the “Effective Date”), is entered into by and between AeroCentury Corp., a Delaware corporation, as borrower (“Borrower”), Drake Asset Management Jersey Limited, as lender (“Lender”) and UMB Bank, N.A. (successor-in-interest to MUFG Union Bank, N.A.), as administrative agent (in such capacity, “Agent”). Each of the Borrower, Lender and the Agent are referred to herein as a “Party” and collectively as the “Parties”.
CONSENT AND RELEASE AGREEMENT OF BORROWER PARTIESConsent and Release Agreement • November 2nd, 2020 • Aerocentury Corp • Services-equipment rental & leasing, nec • New York
This Agreement is being executed and delivered in connection with that certain Loan Purchase and Sale Agreement dated as of October 2, 2020 by and among Drake Asset Management Jersey Limited, a company incorporated in Jersey (registered number 127856) whose registered office is at IFC5, St Helier, Jersey JE1 1ST (“Buyer”), UMB Bank, N.A., a national banking association formed under the laws of the United States of America (“New Agent”), Agent and the Sellers (the “Loan Purchase Agreement”). Capitalized terms used but not defined in this Agreement shall have the meanings assigned thereto in the Loan Purchase Agreement.
