Amendment No. 4 to Senior Secured Term Loan Agreement between Berkshire Hathaway Life Insurance Company of Nebraska and Seritage Growth Properties, L.P.
This amendment allows Seritage Growth Properties, L.P. to extend the maturity date of its senior secured term loan with Berkshire Hathaway Life Insurance Company of Nebraska by one year, from July 31, 2025 to July 31, 2026, if it pays a 2% extension fee on the outstanding loan principal. All other terms of the original loan agreement remain unchanged during the extension period. The agreement is signed by both parties and is effective as of November 20, 2024.
Exhibit 10.1
November 20, 2024
AMENDMENT NO. 4 TO SENIOR
SECURED TERM LOAN AGREEMENT
Berkshire Hathaway Life Insurance Company of Nebraska (as Administrative Agent and Lender), and Seritage Growth Properties, L.P. (as Borrower) and Seritage Growth Properties (as Parent and Guarantor), under that certain Secured Term Loan Agreement dated as of July 31, 2018 (as previously amended, the Loan Agreement), mutually agree to the following Amendment No.4 to the Loan Agreement:
ACCEPTED AND AGREED:
Berkshire Hathaway Life Insurance Company of Nebraska
By: /s/ R. Ted Weschler
Name: R. Ted Weschler
Title: Authorized Signatory
Seritage Growth Properties, L.P. and Seritage Growth Properties
By: /s/ Matthew Fernand
Name: Matthew Fernand
Title: Chief Legal Officer & Corporate Secretary