CERTAIN IDENTIFIED INFORMATION HAS BEEN EXCLUDED FROM THE EXHIBIT BECAUSE IT IS BOTH NOT MATERIAL AND WOULD LIKELY CAUSE COMPETITIVE HARM TO THE REGISTRANT IF PUBLICLY DISCLOSED. [***] INDICATES THAT INFORMATION HAS BEEN REDACTED.
FIRST AMENDMENT TO
FIRST AMENDED AND RESTATED MASTER REPURCHASE AGREEMENT
Dated as of June 21, 2019
GUILD MORTGAGE COMPANY, as Seller
JPMORGAN CHASE BANK, N.A., as Buyer
The Parties hereby amend (for the first time) the First Amended and Restated Master Repurchase Agreement dated December 14. 2018 between them (the A&R MRA, and as amended hereby and supplemented, further amended or restated from time to time. the MRA) to modify the minimum Net Income financial covenant as follows.
All capitalized terms used in the A&R MRA and used, but not defined differently, in this amendment (this Amendment) have the same meanings here as there.
The sole Section of this Amendment is numbered to correspond with the number of the only Section in the A&R MRA amended hereby.
Section 11(aa)(v) is amended to read as follows:
(v) Net Income. Seller shall not permit its cumulative net income before taxes, excluding mark-to-market adjustments to Sellers Servicing Rights recorded at fair value, for any [***] to be less than [***], and Seller shall not permit its net income before taxes. excluding such mark-to-market Servicing Rights value adjustments. for any [***] to be less than [***].
(The remainder of this page is intentionally blank; counterpart signature pages follow.)