AMENDMENT NO. 3
TO MASTER REPURCHASE AGREEMENT
Amendment No. 3 to Master Repurchase Agreement, dated as of November 2, 2016 (this Amendment), between UBS AG, by and through its branch office at 1285 Avenue of the Americas, New York, New York (the Buyer) and United Shore Financial Services, LLC (the Seller).
The Buyer and Seller are parties to (a) that certain Master Repurchase Agreement, dated as of November 5, 2014 (as amended by Amendment No. 1, dated as of November 4, 2015 and Amendment No. 2, dated as of August 16, 2016, the Existing Repurchase Agreement; as amended by this Amendment, the Repurchase Agreement) and (b) that certain Pricing Letter, dated as of November 5, 2014 (as amended, restated, supplemented or otherwise modified from time to time, the Pricing Letter). Capitalized terms used but not otherwise defined herein shall have the meanings given to them in the Existing Repurchase Agreement.
The Buyer and Seller have agreed, subject to the terms and conditions of this Amendment, that the Existing Repurchase Agreement be amended to reflect certain agreed upon revisions to the terms of the Existing Repurchase Agreement.
Accordingly, the Buyer and Seller hereby agree, in consideration of the mutual promises and mutual obligations set forth herein, that the Existing Repurchase Agreement is hereby amended as follows:
SECTION 1. Definitions. Section 2 of the Existing Repurchase Agreement is hereby amended by;
1.1 deleting the definitions of Maximum Committed Purchase Price, Netting Agreement and Servicing Term in their entirety and all references thereto;
1.2 adding the following definition of Temporary Increase Request in its proper alphabetical order:
Temporary Increase Request shall mean a request by a Seller Party for a Temporary Increase in the form of Exhibit G hereto.
SECTION 2. Initiation; Termination. Section 3 of the Existing Repurchase Agreement is hereby amended by adding the following subsection (f) to the end thereof:
(f) Request for Temporary Increase. A Seller Party may request a temporary increase of the Maximum Aggregate Purchase Price (a Temporary Increase) by submitting to Buyer an executed Temporary Increase Request, setting forth the requested increased Maximum Aggregate Purchase Price (such increased amount, the Temporary Maximum Aggregate Purchase Price) and the effective date and expiration date of such Temporary Increase. Buyer may from time to time, in its sole and absolute discretion, consent to such Temporary Increase, by returning to such Seller Party a countersigned