EX-10.1 2 d133759dex101.htm EX-10.1 EX-10.1

Exhibit 10.1

AMENDMENT NO 1. TO TAX RECEIVABLE AGREEMENT

This AMENDMENT NO. 1 TO TAX RECEIVABLE AGREEMENT (this “Amendment”), dated as of April 9, 2021, is hereby entered into by and among Open Lending Corporation (f/k/a Nebula Parent Corp.), a Delaware corporation (“Parent”), the person listed as the Blocker Holder on the signature pages hereto (the “Blocker Holder”) and the undersigned persons listed as Beneficiaries on the signature pages hereto, with respect to the Tax Receivable Agreement, dated as of June 10, 2020 (as amended, restated, supplemented and/or otherwise modified from time to time the “Agreement”), by and among Parent, the Blocker Holder, the Beneficiaries and certain other parties thereto.

RECITALS

WHEREAS, Parent, the Blocker Holder, the Beneficiaries (including the undersigned Beneficiaries) and certain other persons are party to the Agreement;

WHEREAS, pursuant to Section 7.6 of the Agreement, the Agreement may be amended if such amendment is approved in writing by Parent and by the Beneficiaries or the Blocker Holder who would be entitled to receive at least two-thirds of the Early Termination Payments payable to all Beneficiaries and the Blocker Holder thereunder if the Company had exercised its right of early termination under Section 4.2 thereof (such persons, the “Requisite Holders”); provided that no such amendment shall be effective if such amendment will have a materially disproportionate effect on the payments certain Beneficiaries or the Blocker Holder may receive under this Agreement unless certain other conditions are met;

WHEREAS, the Blocker Holder and the undersigned Beneficiaries constitute the Requisite Holders;

WHEREAS, Parent has determined that this Amendment will not have a materially disproportionate effect on the payments any of the Beneficiaries or the Blocker Holder may receive under the Agreement; and

WHEREAS, Parent and the undersigned Requisite Holders desire to amend the Agreement as set forth herein.

NOW, THEREFORE, in consideration of the foregoing and the respective covenants and agreements set forth herein, and intending to be legally bound hereby, Parent, the Blocker Holder and the undersigned Beneficiaries agree as follows:

1.     Amendment of Agreement. This Amendment shall be deemed an amendment to the Agreement and shall become effective and binding upon each of the parties to the Agreement in accordance with its terms when executed and delivered by Parent and the Requisite Holders. To the extent there is a conflict or inconsistency between the terms of this Amendment and the terms of the Agreement, the terms of this Amendment will control. Unless otherwise specifically defined herein or as may otherwise be specified, each capitalized term used herein (including the preamble and recitals hereto) but not otherwise defined herein shall have the meaning assigned to such term in the Agreement. Each reference in the Agreement to “this Agreement”, “hereunder”, “hereby”, “hereof” or words of like import shall mean and be a reference to the Agreement as amended and supplemented by this Amendment. Except as expressly modified by this Amendment, the Agreement shall remain in full force and effect in accordance with its terms.


2.     Amount of Payment. Section 4.4(b) of the Agreement is hereby amended and restated in its entirety as follows:

(b)     Amount of Payment. The “Early Termination Payment” payable to a Beneficiary or the Blocker Holder pursuant to Section 4.4(a) shall equal 40% of all Tax Benefit Payments (other than any Actual Interest Amounts) that would be required to be paid by Parent to such Beneficiary or the Blocker Holder, beginning from the Early Termination Effective Date and using the Valuation Assumptions.

3.     Valuation Assumptions. Clause (6) in the definition of “Valuation Assumptions” in Section 1.1. of the Agreement is hereby amended and restated in its entirety as follows:

(6)    any payment obligations pursuant to this Agreement will be satisfied on January 20th of the year following the date that any Tax Return to which such payment obligation relates is required to be filed excluding any extensions.

4.     Early Termination Rate. The definition of “Early Termination Rate” in Section 1.1. of the Agreement is hereby deleted in its entirety.

5.     Early Termination Notice. Section 4.3 of the Agreement is hereby amended and restated in its entirety as follows:

4.3    Early Termination Notice. If Parent chooses to exercise its right of early termination under Section 4.2 above, Parent shall deliver to the Beneficiaries and the Blocker Holder a notice of Parent’s decision to exercise such right (an “Early Termination Notice”) and a schedule (the “Early Termination Schedule”) showing the amount of the Early Termination Payment. The date on which the Early Termination Notice and the Early Termination Schedule are delivered in accordance with this Section 4.3 shall be the “Early Termination Reference Date.”

6.     Representation and Warranty of Parent. Parent represents and warrants to the other parties hereto that the execution and delivery by Parent of this Amendment has been duly and validly authorized by all necessary corporate action on the part of Parent.

7.     Representation and Warranty of the Blocker Holder. The Blocker Holder represents and warrants to the other parties hereto that the execution and delivery by the Blocker Holder of this Amendment has been duly and validly authorized by all necessary limited partnership action on the part of the Blocker Holder.

8.     Representation and Warranty of the Beneficiaries. Each undersigned Beneficiary that is an entity and not an individual represents and warrants, solely on behalf of itself, to the other parties hereto that the execution and delivery by such Beneficiary of this Amendment has been duly and validly authorized by all necessary corporate or other applicable company action on the part of such Beneficiary.

 

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9.     Counterparts. This Amendment may be executed in one or more counterparts, all of which shall be considered one and the same agreement and shall become effective when one or more counterparts have been signed by each of the parties hereto and delivered to the other parties hereto, it being understood that all parties hereto need not sign the same counterpart. Delivery of an executed signature page to this Amendment by facsimile transmission or electronic mail shall be as effective as delivery of a manually signed counterpart of this Amendment.

10.     Entire Agreement; No Third Party Beneficiaries. This Amendment and the Agreement constitute the entire agreement and supersede all prior agreements and understandings, both written and oral, among the parties to the Agreement with respect to the subject matter hereof. This Amendment shall be binding upon and inure solely to the benefit of the parties to the Agreement and their respective successors and permitted assigns, and nothing in this Amendment, express or implied, is intended to or shall confer upon any other Person any right, benefit or remedy of any nature whatsoever under or by reason of this Amendment; provided, that the Beneficiary Representative shall be a third party beneficiary entitled to enforce this Amendment.

11.     Governing Law. This Amendment shall be governed by, and construed in accordance with, the law of the State of Delaware, without regard to the conflicts of laws principles thereof that would mandate the application of the laws of another jurisdiction.

12.     Severability. If any term or other provision of this Amendment is invalid, illegal or incapable of being enforced by any law or public policy, all other terms and provisions of this Amendment shall nevertheless remain in full force and effect so long as the economic or legal substance of the transactions contemplated hereby is not affected in any manner materially adverse to any party. Upon such determination that any term or other provision is invalid, illegal or incapable of being enforced, the Parties hereto shall negotiate in good faith to modify this Amendment so as to effect the original intent of the Parties as closely as possible in an acceptable manner in order that the transactions contemplated hereby are consummated as originally contemplated to the greatest extent possible.

13.     Successors; Waiver.

(a)     Successors. All of the terms and provisions of this Amendment shall be binding upon, and shall inure to the benefit of and be enforceable by, the parties to the Agreement and their respective successors, assigns, heirs, executors, administrators and legal representatives. Parent shall require and cause any direct or indirect successor (whether by purchase, merger, consolidation or otherwise) to all or substantially all of the business or assets of Parent, by written agreement, expressly to assume and agree to perform this Amendment in the same manner and to the same extent that Parent would be required to perform if no such succession had taken place.

(b)     Waiver. No failure by any Party to insist upon the strict performance of any covenant, duty, agreement, or condition of this Amendment, or to exercise any right or remedy consequent upon a breach thereof, shall constitute a waiver of any such breach or any other covenant, duty, agreement, or condition.

 

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14.     Titles and Subtitles. The headings and titles of the sections and subsections of this Amendment are for convenience of reference only and are not to be considered in construing this Amendment.

[Signature Page Follows]

 

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IN WITNESS WHEREOF, Parent and the other Persons party hereto have duly executed this Amendment as of the date first written above.

 

PARENT:
OPEN LENDING CORPORATION
By:  

/s/ Charles Jehl

  Name: Charles Jehl
  Title:   Chief Financial Officer

 

[Signature Page to Amendment No. 1 to Tax Receivable Agreement]


IN WITNESS WHEREOF, Parent and the other Persons party hereto have duly executed this Amendment as of the date first written above.

 

BLOCKER HOLDER:
BREGAL SAGEMOUNT I, L.P.
For and on behalf of Bregal Sagemount I, L.P., acting by its general partner Bregal North America General Partner Jersey Limited
By:  

/s/ Colin James Dow

Name:   Colin James Dow
Title:   Director
By:  

/s/ Paul Andrew Bradshaw

Name:   Paul Andrew Bradshaw
Title:   Director

 

[Signature Page to Amendment No. 1 to Tax Receivable Agreement]


IN WITNESS WHEREOF, Parent and the other Persons party hereto have duly executed this Amendment as of the date first written above.

 

BENEFICIARY (if such Person is an entity):
By:  

 

Name:  
Title:  
BENEFICIARY (if such Person is an individual):

/s/ John J. Flynn

Name:   John J. Flynn

 

[Signature Page to Amendment No. 1 to Tax Receivable Agreement]


IN WITNESS WHEREOF, Parent and the other Persons party hereto have duly executed this Amendment as of the date first written above.

 

BENEFICIARY (if such Person is an entity):
By:  

                                                              

Name:  
Title:  
BENEFICIARY (if such Person is an individual):

/s/ Ross M. Jessup

Name: Ross M. Jessup

 

[Signature Page to Amendment No. 1 to Tax Receivable Agreement]


IN WITNESS WHEREOF, Parent and the other Persons party hereto have duly executed this Amendment as of the date first written above.

 

BENEFICIARY (if such Person is an entity):
  Bregal Investments, Inc.
By:  

/s/ Michelle S. Riley

Name:   Michelle S. Riley
Title:   Secretary
BENEFICIARY (if such Person is an individual):

 

Name:

 

[Signature Page to Amendment No. 1 to Tax Receivable Agreement]


IN WITNESS WHEREOF, Parent and the other Persons party hereto have duly executed this Amendment as of the date first written above.

 

BENEFICIARY:
Name/Entity Name:
Aidan David Lawson 2018 Trust
By:  

/s/ Brett Lawson

Name:   Brett Lawson
Title (if applicable): Trustee

 

[Signature Page to Amendment No. 1 to Tax Receivable Agreement]


IN WITNESS WHEREOF, Parent and the other Persons party hereto have duly executed this Amendment as of the date first written above.

 

BENEFICIARY:
Name/Entity Name:
Ameriprise Trust FBO Craig A Meier Roth Contr. IRA
By:  

/s/ Craig A Meier

Name:   Craig A Meier
Title (if applicable): Beneficiary

 

[Signature Page to Amendment No. 1 to Tax Receivable Agreement]


IN WITNESS WHEREOF, Parent and the other Persons party hereto have duly executed this Amendment as of the date first written above.

 

BENEFICIARY:
Name/Entity Name:
Anthony Ciaccio
By:  

/s/ Anthony Ciaccio

Name:   Anthony Ciaccio
Title (if applicable):

 

[Signature Page to Amendment No. 1 to Tax Receivable Agreement]


IN WITNESS WHEREOF, Parent and the other Persons party hereto have duly executed this Amendment as of the date first written above.

 

BENEFICIARY:
Name/Entity Name:
Aristes Wilson
By:  

/s/ Aristes Wilson

Name:   Aristes Wilson
Title (if applicable):

 

[Signature Page to Amendment No. 1 to Tax Receivable Agreement]


IN WITNESS WHEREOF, Parent and the other Persons party hereto have duly executed this Amendment as of the date first written above.

 

BENEFICIARY:
Name/Entity Name:
Bee Cave Capital, LLC
By:  

/s/ Kurt R. Wilkin

Name:   Kurt R. Wilkin
Title (if applicable): Member

 

[Signature Page to Amendment No. 1 to Tax Receivable Agreement]


IN WITNESS WHEREOF, Parent and the other Persons party hereto have duly executed this Amendment as of the date first written above.

 

BENEFICIARY:
Name/Entity Name:
Bobby Johnson
By:  

/s/ Bobby Johnson

Name:   Bobby Johnson
Title (if applicable):

 

[Signature Page to Amendment No. 1 to Tax Receivable Agreement]


IN WITNESS WHEREOF, Parent and the other Persons party hereto have duly executed this Amendment as of the date first written above.

 

BENEFICIARY:
Name/Entity Name:
Charles B Garren Jr & Michele T Garren
By:  

/s/ Charles B Garren Jr & Michele T Garren

Name:   Charles B Garren Jr & Michele T Garren
Title (if applicable):

 

[Signature Page to Amendment No. 1 to Tax Receivable Agreement]


IN WITNESS WHEREOF, Parent and the other Persons party hereto have duly executed this Amendment as of the date first written above.

 

BENEFICIARY:
Name/Entity Name:
Charles R Peissel
By:  

/s/ Charles R Peissel

Name:   Charles R Peissel
Title (if applicable):

 

[Signature Page to Amendment No. 1 to Tax Receivable Agreement]


IN WITNESS WHEREOF, Parent and the other Persons party hereto have duly executed this Amendment as of the date first written above.

 

BENEFICIARY:
Name/Entity Name:
Christy May
By:  

/s/ Christy May

Name:   Christy May
Title (if applicable):

 

[Signature Page to Amendment No. 1 to Tax Receivable Agreement]


IN WITNESS WHEREOF, Parent and the other Persons party hereto have duly executed this Amendment as of the date first written above.

 

BENEFICIARY:
Name/Entity Name:
Craig A Meier
By:  

/s/ Craig A Meier

Name:   Craig A Meier
Title (if applicable):

 

[Signature Page to Amendment No. 1 to Tax Receivable Agreement]


IN WITNESS WHEREOF, Parent and the other Persons party hereto have duly executed this Amendment as of the date first written above.

 

BENEFICIARY:
Name/Entity Name:
Daniel E Lopez
By:  

/s/ Daniel E Lopez

Name:   Daniel E Lopez
Title (if applicable): Self

 

[Signature Page to Amendment No. 1 to Tax Receivable Agreement]


IN WITNESS WHEREOF, Parent and the other Persons party hereto have duly executed this Amendment as of the date first written above.

 

BENEFICIARY:
Name/Entity Name:
David Carman
By:  

/s/ David Carman

Name:   David Carman
Title (if applicable):

 

[Signature Page to Amendment No. 1 to Tax Receivable Agreement]


IN WITNESS WHEREOF, Parent and the other Persons party hereto have duly executed this Amendment as of the date first written above.

 

BENEFICIARY:
Name/Entity Name:
David May
By:  

/s/ David May

Name:   David May
Title (if applicable):

 

[Signature Page to Amendment No. 1 to Tax Receivable Agreement]


IN WITNESS WHEREOF, Parent and the other Persons party hereto have duly executed this Amendment as of the date first written above.

 

BENEFICIARY:
Name/Entity Name:
David Rodriguez
By:  

/s/ David Rodriguez

Name:   David Rodriguez
Title (if applicable):

 

[Signature Page to Amendment No. 1 to Tax Receivable Agreement]


IN WITNESS WHEREOF, Parent and the other Persons party hereto have duly executed this Amendment as of the date first written above.

 

BENEFICIARY:
Name/Entity Name:
Dorothy B Miller Estate
By:  

/s/ Martin Miller

Name:   Martin Miller
Title (if applicable): Executor

 

[Signature Page to Amendment No. 1 to Tax Receivable Agreement]


IN WITNESS WHEREOF, Parent and the other Persons party hereto have duly executed this Amendment as of the date first written above.

 

BENEFICIARY:
Name/Entity Name:
Drue Goodale
By:  

/s/ Drue Goodale

Name:   Drue Goodale
Title (if applicable):

 

[Signature Page to Amendment No. 1 to Tax Receivable Agreement]


IN WITNESS WHEREOF, Parent and the other Persons party hereto have duly executed this Amendment as of the date first written above.

 

BENEFICIARY:
Name/Entity Name:
Echo Bay, Ltd.
By:  

/s/ REx Bohls

Name:   REx Bohls
Title (if applicable): Pres. of Gen. Ptr.

 

[Signature Page to Amendment No. 1 to Tax Receivable Agreement]


IN WITNESS WHEREOF, Parent and the other Persons party hereto have duly executed this Amendment as of the date first written above.

 

BENEFICIARY:
Name/Entity Name:
Elizabeth Schmidt
By:  

/s/ Elizabeth Schmidt

Name:   Elizabeth Schmidt
Title (if applicable):

 

[Signature Page to Amendment No. 1 to Tax Receivable Agreement]


IN WITNESS WHEREOF, Parent and the other Persons party hereto have duly executed this Amendment as of the date first written above.

 

BENEFICIARY:
Name/Entity Name:
EWMW Limited Partnership
By:  

/s/ Richard F. Watkins

Name:   Richard F. Watkins
Title (if applicable): General Partner

 

[Signature Page to Amendment No. 1 to Tax Receivable Agreement]


IN WITNESS WHEREOF, Parent and the other Persons party hereto have duly executed this Amendment as of the date first written above.

 

BENEFICIARY:
Name/Entity Name:
FAI-OL Investors, LLC
By:  

/s/ Gary J. Davis

Name:   Gary J. Davis
Title (if applicable): Manager

 

[Signature Page to Amendment No. 1 to Tax Receivable Agreement]


IN WITNESS WHEREOF, Parent and the other Persons party hereto have duly executed this Amendment as of the date first written above.

 

BENEFICIARY:
Name/Entity Name:
Finn Kennedy
By:  

/s/ Finn Kennedy

Name:   Finn Kennedy
Title (if applicable):

 

[Signature Page to Amendment No. 1 to Tax Receivable Agreement]


IN WITNESS WHEREOF, Parent and the other Persons party hereto have duly executed this Amendment as of the date first written above.

 

BENEFICIARY:
Name/Entity Name:
George Belokas
By:  

/s/ George Belokas

Name:   George Belokas
Title (if applicable):

 

[Signature Page to Amendment No. 1 to Tax Receivable Agreement]


IN WITNESS WHEREOF, Parent and the other Persons party hereto have duly executed this Amendment as of the date first written above.

 

BENEFICIARY:
Name/Entity Name:
George S.Bayoud Jr.
By:  

/s/ George S. Bayoud Jr.

Name:   George S. Bayoud Jr.
Title (if applicable):

 

[Signature Page to Amendment No. 1 to Tax Receivable Agreement]


IN WITNESS WHEREOF, Parent and the other Persons party hereto have duly executed this Amendment as of the date first written above.

 

BENEFICIARY:
Name/Entity Name:
Greg Block
By:  

/s/ Greg Block

Name:   Greg Block
Title (if applicable):

 

[Signature Page to Amendment No. 1 to Tax Receivable Agreement]


IN WITNESS WHEREOF, Parent and the other Persons party hereto have duly executed this Amendment as of the date first written above.

 

BENEFICIARY:
Name/Entity Name:
Gregory A. Peters
By:  

/s/ Gregory A. Peters

Name:   Gregory A. Peters
Title (if applicable):

 

[Signature Page to Amendment No. 1 to Tax Receivable Agreement]


IN WITNESS WHEREOF, Parent and the other Persons party hereto have duly executed this Amendment as of the date first written above.

 

BENEFICIARY:
Name/Entity Name:
Harry B. Friedman, II
By:  

/s/ Harry B. Friedman, II

Name:   Harry B. Friedman, II
Title (if applicable):

 

[Signature Page to Amendment No. 1 to Tax Receivable Agreement]


IN WITNESS WHEREOF, Parent and the other Persons party hereto have duly executed this Amendment as of the date first written above.

 

BENEFICIARY:
Name/Entity Name:
Highgate Power
By:  

/s/ Ralph Abendshein

Name:   Ralph Abendshein
Title (if applicable): Manager

 

[Signature Page to Amendment No. 1 to Tax Receivable Agreement]


IN WITNESS WHEREOF, Parent and the other Persons party hereto have duly executed this Amendment as of the date first written above.

 

BENEFICIARY:
Name/Entity Name:
James C. Bohls
By:  

/s/ James C. Bohls

Name:   James C. Bohls
Title (if applicable):

 

[Signature Page to Amendment No. 1 to Tax Receivable Agreement]


IN WITNESS WHEREOF, Parent and the other Persons party hereto have duly executed this Amendment as of the date first written above.

 

BENEFICIARY:
Name/Entity Name:
Jane Bohls Trust
By:  

/s/ Rex Bohls

Name:   Rex Bohls
Title (if applicable): Trustee

 

[Signature Page to Amendment No. 1 to Tax Receivable Agreement]


IN WITNESS WHEREOF, Parent and the other Persons party hereto have duly executed this Amendment as of the date first written above.

 

BENEFICIARY:
Name/Entity Name:
Janes W. Shaddix
By:  

/s/ James W. Shaddix

Name:   James W. Shaddix
Title (if applicable):

 

[Signature Page to Amendment No. 1 to Tax Receivable Agreement]


IN WITNESS WHEREOF, Parent and the other Persons party hereto have duly executed this Amendment as of the date first written above.

 

BENEFICIARY:
Name/Entity Name:
JMNSM Living Trust dated March 1, 2013
By:  

/s/ Joshua Becker

Name:   Joshua Becker
Title (if applicable): Trustee

 

[Signature Page to Amendment No. 1 to Tax Receivable Agreement]


IN WITNESS WHEREOF, Parent and the other Persons party hereto have duly executed this Amendment as of the date first written above.

 

BENEFICIARY:
Name/Entity Name:
Joanne Grigsby
By:  

/s/ Joanne Grigsby

Name:   Joanne Grigsby
Title (if applicable):

 

[Signature Page to Amendment No. 1 to Tax Receivable Agreement]


IN WITNESS WHEREOF, Parent and the other Persons party hereto have duly executed this Amendment as of the date first written above.

 

BENEFICIARY:
Name/Entity Name:
John Bricker
By:  

/s/ John Bricker

Name:   John Bricker
Title (if applicable):

 

[Signature Page to Amendment No. 1 to Tax Receivable Agreement]


IN WITNESS WHEREOF, Parent and the other Persons party hereto have duly executed this Amendment as of the date first written above.

 

BENEFICIARY:
Name/Entity Name:
John Clinton Jones
By:  

/s/ John Clinton Jones

Name:   John Clinton Jones
Title (if applicable):

 

[Signature Page to Amendment No. 1 to Tax Receivable Agreement]


IN WITNESS WHEREOF, Parent and the other Persons party hereto have duly executed this Amendment as of the date first written above.

 

BENEFICIARY:
Name/Entity Name:
John R Hook Jr
By:  

/s/ John R Hook Jr

Name:   John R Hook Jr
Title (if applicable):

 

[Signature Page to Amendment No. 1 to Tax Receivable Agreement]


IN WITNESS WHEREOF, Parent and the other Persons party hereto have duly executed this Amendment as of the date first written above.

 

BENEFICIARY:
Name/Entity Name:
MERLE HOOK
By:  

/s/ JOHN HOOK, SR

Name:   JOHN HOOK, SR
Title (if applicable):

 

[Signature Page to Amendment No. 1 to Tax Receivable Agreement]


IN WITNESS WHEREOF, Parent and the other Persons party hereto have duly executed this Amendment as of the date first written above.

 

BENEFICIARY:
Name/Entity Name:
John N. Crew
By:  

/s/ John N. Crew

Name:   John N. Crew
Title (if applicable):

 

[Signature Page to Amendment No. 1 to Tax Receivable Agreement]


IN WITNESS WHEREOF, Parent and the other Persons party hereto have duly executed this Amendment as of the date first written above.

 

BENEFICIARY:
Name/Entity Name:
Julie Nielsen
By:  

/s/ Julie Nielsen

Name:   Julie Nielsen
Title (if applicable): VP Channel Partnerships

 

[Signature Page to Amendment No. 1 to Tax Receivable Agreement]


IN WITNESS WHEREOF, Parent and the other Persons party hereto have duly executed this Amendment as of the date first written above.

 

BENEFICIARY:
Name/Entity Name:
Keith Jezek
By:  

/s/ Keith Jezek

Name:   Keith Jezek
Title (if applicable):

 

[Signature Page to Amendment No. 1 to Tax Receivable Agreement]


IN WITNESS WHEREOF, Parent and the other Persons party hereto have duly executed this Amendment as of the date first written above.

 

BENEFICIARY:
Name/Entity Name:
Kelly Haas
By:  

/s/ Kelly Haas

Name:   Kelly Haas
Title (if applicable):

 

[Signature Page to Amendment No. 1 to Tax Receivable Agreement]


IN WITNESS WHEREOF, Parent and the other Persons party hereto have duly executed this Amendment as of the date first written above.

 

BENEFICIARY:
Name/Entity Name:
Kruse Farms, LP
By:  

/s/ William Kruse

Name:   William Kruse
Title (if applicable): Manager

 

[Signature Page to Amendment No. 1 to Tax Receivable Agreement]


IN WITNESS WHEREOF, Parent and the other Persons party hereto have duly executed this Amendment as of the date first written above.

 

BENEFICIARY:
Name/Entity Name:
Kurt Wilkin
By:  

/s/ Kurt Wilkin

Name:   Kurt Wilkin
Title (if applicable):

 

[Signature Page to Amendment No. 1 to Tax Receivable Agreement]


IN WITNESS WHEREOF, Parent and the other Persons party hereto have duly executed this Amendment as of the date first written above.

 

BENEFICIARY:
Name/Entity Name:
Kyle D. Cottington
By:  

/s/ Kyle D. Cottington

Name:   Kyle D. Cottington
Title (if applicable):

 

[Signature Page to Amendment No. 1 to Tax Receivable Agreement]


IN WITNESS WHEREOF, Parent and the other Persons party hereto have duly executed this Amendment as of the date first written above.

 

BENEFICIARY:
Name/Entity Name:
Laurie Black
By:  

/s/ Laurie Black

Name:   Laurie Black
Title (if applicable):

 

[Signature Page to Amendment No. 1 to Tax Receivable Agreement]


IN WITNESS WHEREOF, Parent and the other Persons party hereto have duly executed this Amendment as of the date first written above.

 

BENEFICIARY:
Name/Entity Name:
Leslie Haydon
By:  

/s/ Leslie Haydon

Name:   Leslie Haydon
Title (if applicable):

 

[Signature Page to Amendment No. 1 to Tax Receivable Agreement]


IN WITNESS WHEREOF, Parent and the other Persons party hereto have duly executed this Amendment as of the date first written above.

 

BENEFICIARY:
Name/Entity Name:
Linda Claborn
By:  

/s/ Linda Claborn

Name:   Linda Claborn
Title (if applicable):

 

[Signature Page to Amendment No. 1 to Tax Receivable Agreement]


IN WITNESS WHEREOF, Parent and the other Persons party hereto have duly executed this Amendment as of the date first written above.

 

BENEFICIARY:
Name/Entity Name:
Linda Roberts
By:  

/s/ Linda Roberts

Name:   Linda Roberts
Title (if applicable):

 

[Signature Page to Amendment No. 1 to Tax Receivable Agreement]


IN WITNESS WHEREOF, Parent and the other Persons party hereto have duly executed this Amendment as of the date first written above.

 

BENEFICIARY:
Name/Entity Name:
Lindsey Investments LLC
By:  

/s/ C.M. Lindsey

Name:   C.M. Lindsey
Title (if applicable):

 

[Signature Page to Amendment No. 1 to Tax Receivable Agreement]


IN WITNESS WHEREOF, Parent and the other Persons party hereto have duly executed this Amendment as of the date first written above.

 

BENEFICIARY:
Name/Entity Name:
Lloyd H Griffin, III
By:  

/s/ Lloyd H Griffin, III

Name:   Lloyd H Griffin, III
Title (if applicable):

 

[Signature Page to Amendment No. 1 to Tax Receivable Agreement]


IN WITNESS WHEREOF, Parent and the other Persons party hereto have duly executed this Amendment as of the date first written above.

 

BENEFICIARY:
Name/Entity Name:
LLOYD H GRIFFIN JR
By:  

/s/ LLOYD GRIFFIN JR

Name:   LLOYD GRIFFIN JR
Title (if applicable):

 

[Signature Page to Amendment No. 1 to Tax Receivable Agreement]


IN WITNESS WHEREOF, Parent and the other Persons party hereto have duly executed this Amendment as of the date first written above.

 

BENEFICIARY:
Name/Entity Name:
Marc Jessup
By:  

/s/ Marc Jessup

Name:   Marc Jessup
Title (if applicable):

 

[Signature Page to Amendment No. 1 to Tax Receivable Agreement]


IN WITNESS WHEREOF, Parent and the other Persons party hereto have duly executed this Amendment as of the date first written above.

 

BENEFICIARY:
Name/Entity Name:
Maria Suzanne Roberts 2018 Trust
By:  

/s/ Brett Lawson

Name:   Brett Lawson
Title (if applicable): Trustee

 

[Signature Page to Amendment No. 1 to Tax Receivable Agreement]


IN WITNESS WHEREOF, Parent and the other Persons party hereto have duly executed this Amendment as of the date first written above.

 

BENEFICIARY:
Name/Entity Name:
Mark Carter
By:  

/s/ Mark Carter

Name:   Mark Carter
Title (if applicable):

 

[Signature Page to Amendment No. 1 to Tax Receivable Agreement]


IN WITNESS WHEREOF, Parent and the other Persons party hereto have duly executed this Amendment as of the date first written above.

 

BENEFICIARY:
Name/Entity Name:
Mark Hamilton (nee Cartwright)
By:  

/s/ Mark Hamilton

Name:   Mark Hamilton
Title (if applicable):

 

[Signature Page to Amendment No. 1 to Tax Receivable Agreement]


IN WITNESS WHEREOF, Parent and the other Persons party hereto have duly executed this Amendment as of the date first written above.

 

BENEFICIARY:
Name/Entity Name:
Mark Solomon
By:  

/s/ Mark Solomon

Name:   Mark Solomon
Title (if applicable):

 

[Signature Page to Amendment No. 1 to Tax Receivable Agreement]


IN WITNESS WHEREOF, Parent and the other Persons party hereto have duly executed this Amendment as of the date first written above.

 

BENEFICIARY:
Name/Entity Name:
Mary Watkins
By:  

/s/ Mary Watkins

Name:   Mary Watkins
Title (if applicable):

 

[Signature Page to Amendment No. 1 to Tax Receivable Agreement]


IN WITNESS WHEREOF, Parent and the other Persons party hereto have duly executed this Amendment as of the date first written above.

 

BENEFICIARY:
Name/Entity Name:
Matt Coscia
By:  

/s/ Matt Coscia

Name:   Matt Coscia
Title (if applicable):

 

[Signature Page to Amendment No. 1 to Tax Receivable Agreement]


IN WITNESS WHEREOF, Parent and the other Persons party hereto have duly executed this Amendment as of the date first written above.

 

BENEFICIARY:
Name/Entity Name:
Matthew Roe
By:  

/s/ Matthew Roe

Name:   Matthew Roe
Title (if applicable):

 

[Signature Page to Amendment No. 1 to Tax Receivable Agreement]


IN WITNESS WHEREOF, Parent and the other Persons party hereto have duly executed this Amendment as of the date first written above.

 

BENEFICIARY:
Name/Entity Name:
Max M Miller Residuary Testamentary Trust
By:  

/s/ Martin M Miller

Name:   Martin M Miller
Title (if applicable): Trustee

 

[Signature Page to Amendment No. 1 to Tax Receivable Agreement]


IN WITNESS WHEREOF, Parent and the other Persons party hereto have duly executed this Amendment as of the date first written above.

 

BENEFICIARY:
Name/Entity Name:
Karen Michelle McLeod
By:  

/s/ Karen Michelle McLeod

Name:   Karen Michelle McLeod
Title (if applicable):

 

[Signature Page to Amendment No. 1 to Tax Receivable Agreement]


IN WITNESS WHEREOF, Parent and the other Persons party hereto have duly executed this Amendment as of the date first written above.

 

BENEFICIARY:
Name/Entity Name:
Bobby Johnson
By:  

/s/ Robert E Johnson

Name:   Robert E Johnson
Title (if applicable):

 

[Signature Page to Amendment No. 1 to Tax Receivable Agreement]


IN WITNESS WHEREOF, Parent and the other Persons party hereto have duly executed this Amendment as of the date first written above.

 

BENEFICIARY:
Name/Entity Name:
Nori Vaccari Starck
By:  

/s/ Nori Vaccari Starck

Name:   Nori Vaccari Starck
Title (if applicable):

 

[Signature Page to Amendment No. 1 to Tax Receivable Agreement]


IN WITNESS WHEREOF, Parent and the other Persons party hereto have duly executed this Amendment as of the date first written above.

 

BENEFICIARY:
Name/Entity Name:
Open Lending Opportunity Partners, LP
By:  

/s/ Richard F. Watkins

Name:   Richard F. Watkins
Title (if applicable): Manager

 

[Signature Page to Amendment No. 1 to Tax Receivable Agreement]


IN WITNESS WHEREOF, Parent and the other Persons party hereto have duly executed this Amendment as of the date first written above.

 

BENEFICIARY:
Name/Entity Name:
Open Mortgage, LLC
By:  

/s/ Scott Gordon

Name:   Scott Gordon
Title (if applicable): CEO

 

[Signature Page to Amendment No. 1 to Tax Receivable Agreement]


IN WITNESS WHEREOF, Parent and the other Persons party hereto have duly executed this Amendment as of the date first written above.

 

BENEFICIARY:
Name/Entity Name:
Peter Kallodaychsak
By:  

/s/ Peter Kallodaychsak

Name:   Peter Kallodaychsak
Title (if applicable):

 

[Signature Page to Amendment No. 1 to Tax Receivable Agreement]


IN WITNESS WHEREOF, Parent and the other Persons party hereto have duly executed this Amendment as of the date first written above.

 

BENEFICIARY:
Name/Entity Name:
Plan B Options, LP, by Pirity Partners,LLC
By:  

/s/ Joseph A. Hoffman

Name:   Joseph A. Hoffman
Title (if applicable): Vice President

 

[Signature Page to Amendment No. 1 to Tax Receivable Agreement]


IN WITNESS WHEREOF, Parent and the other Persons party hereto have duly executed this Amendment as of the date first written above.

 

BENEFICIARY:
Name/Entity Name:
R. Steve Letbetter
By:  

/s/ R. Steve Letbetter

Name:   R. Steve Letbetter
Title (if applicable):

 

[Signature Page to Amendment No. 1 to Tax Receivable Agreement]


IN WITNESS WHEREOF, Parent and the other Persons party hereto have duly executed this Amendment as of the date first written above.

 

BENEFICIARY:
Name/Entity Name:
Remick Interests
By:  

/s/ Dan M Remick

Name:   Dan M Remick
Title (if applicable): General Partner

 

[Signature Page to Amendment No. 1 to Tax Receivable Agreement]


IN WITNESS WHEREOF, Parent and the other Persons party hereto have duly executed this Amendment as of the date first written above.

 

BENEFICIARY:
Name/Entity Name:
Rex Bohls
By:  

/s/ REx Bohls

Name:   REx Bohls
Title (if applicable):

 

[Signature Page to Amendment No. 1 to Tax Receivable Agreement]


IN WITNESS WHEREOF, Parent and the other Persons party hereto have duly executed this Amendment as of the date first written above.

 

BENEFICIARY:
Name/Entity Name:
Richard F. Watkins
By:  

/s/ Richard F. Watkins

Name:   Richard F. Watkins
Title (if applicable):

 

[Signature Page to Amendment No. 1 to Tax Receivable Agreement]


IN WITNESS WHEREOF, Parent and the other Persons party hereto have duly executed this Amendment as of the date first written above.

 

BENEFICIARY:
Name/Entity Name:
Robbin Gordon
By:  

/s/ Robbin Gordon

Name:   Robbin Gordon
Title (if applicable):

 

[Signature Page to Amendment No. 1 to Tax Receivable Agreement]


IN WITNESS WHEREOF, Parent and the other Persons party hereto have duly executed this Amendment as of the date first written above.

 

BENEFICIARY:
Name/Entity Name:
N/a
By:  

/s/ Robert L Kay

Name:   Robert L Kay
Title (if applicable):

 

[Signature Page to Amendment No. 1 to Tax Receivable Agreement]


IN WITNESS WHEREOF, Parent and the other Persons party hereto have duly executed this Amendment as of the date first written above.

 

BENEFICIARY:
Name/Entity Name:
Robert Rader
By:  

/s/ Robert K. Rader

Name:   Robert K. Rader
Title (if applicable):

 

[Signature Page to Amendment No. 1 to Tax Receivable Agreement]


IN WITNESS WHEREOF, Parent and the other Persons party hereto have duly executed this Amendment as of the date first written above.

 

BENEFICIARY:
Name/Entity Name:
Robert Wilson
By:  

/s/ Robert Wilson

Name:   Robert Wilson
Title (if applicable):

 

[Signature Page to Amendment No. 1 to Tax Receivable Agreement]


IN WITNESS WHEREOF, Parent and the other Persons party hereto have duly executed this Amendment as of the date first written above.

 

BENEFICIARY:
Name/Entity Name:
Suzanne Liles, Christine McMorris, Kimberly Warren
By:  

/s/ Robertta J. Ligon

Name:   Robertta J. Ligon
Title (if applicable):

 

[Signature Page to Amendment No. 1 to Tax Receivable Agreement]


IN WITNESS WHEREOF, Parent and the other Persons party hereto have duly executed this Amendment as of the date first written above.

 

BENEFICIARY:
Name/Entity Name:
Toss JESSUP
By:  

/s/ Ross JESSUP

Name:   Ross JESSUP
Title (if applicable): Ross JESSUP

 

[Signature Page to Amendment No. 1 to Tax Receivable Agreement]


IN WITNESS WHEREOF, Parent and the other Persons party hereto have duly executed this Amendment as of the date first written above.

 

BENEFICIARY:
Name/Entity Name:
Ryan and Rachel Collins
By:  

/s/ Ryan and Rachel Collins

Name:   Ryan and Rachel Collins
Title (if applicable):

 

[Signature Page to Amendment No. 1 to Tax Receivable Agreement]


IN WITNESS WHEREOF, Parent and the other Persons party hereto have duly executed this Amendment as of the date first written above.

 

BENEFICIARY:
Name/Entity Name:
Sarah Lackey
By:  

/s/ Sarah Lackey

Name:   Sarah Lackey
Title (if applicable): CTO

 

[Signature Page to Amendment No. 1 to Tax Receivable Agreement]


IN WITNESS WHEREOF, Parent and the other Persons party hereto have duly executed this Amendment as of the date first written above.

 

BENEFICIARY:
Name/Entity Name:
Scott Gordon
By:  

/s/ Scott Gordon

Name:   Scott Gordon
Title (if applicable):

 

[Signature Page to Amendment No. 1 to Tax Receivable Agreement]


IN WITNESS WHEREOF, Parent and the other Persons party hereto have duly executed this Amendment as of the date first written above.

 

BENEFICIARY:
Name/Entity Name:
Stephanie Dawson
By:  

/s/ Stephanie Dawson

Name:   Stephanie Dawson
Title (if applicable): SVP

 

[Signature Page to Amendment No. 1 to Tax Receivable Agreement]


IN WITNESS WHEREOF, Parent and the other Persons party hereto have duly executed this Amendment as of the date first written above.

 

BENEFICIARY:
Name/Entity Name:
Steve harren
By:  

/s/ Steve Harren

Name:   Steve Harren
Title (if applicable):

 

[Signature Page to Amendment No. 1 to Tax Receivable Agreement]


IN WITNESS WHEREOF, Parent and the other Persons party hereto have duly executed this Amendment as of the date first written above.

 

BENEFICIARY:
Name/Entity Name:
Steven Martin
By:  

/s/ Steven Martin

Name:   Steven Martin
Title (if applicable):

 

[Signature Page to Amendment No. 1 to Tax Receivable Agreement]


IN WITNESS WHEREOF, Parent and the other Persons party hereto have duly executed this Amendment as of the date first written above.

 

BENEFICIARY:
Name/Entity Name:
Stewart Devers Jarmon
By:  

/s/ Stewart Devers Jarmon

Name:   Stewart Devers Jarmon
Title (if applicable):

 

[Signature Page to Amendment No. 1 to Tax Receivable Agreement]


IN WITNESS WHEREOF, Parent and the other Persons party hereto have duly executed this Amendment as of the date first written above.

 

BENEFICIARY:
Name/Entity Name:
T. Hartley Hall, V
By:  

/s/ T. Hartley Hall, V

Name:   T. Hartley Hall, V
Title (if applicable):

 

[Signature Page to Amendment No. 1 to Tax Receivable Agreement]


IN WITNESS WHEREOF, Parent and the other Persons party hereto have duly executed this Amendment as of the date first written above.

 

BENEFICIARY:
Name/Entity Name:
The Kirsits Living Trust
By:  

/s/ Joseph E. Kirsits

Name:   Joseph E. Kirsits
Title (if applicable):

 

[Signature Page to Amendment No. 1 to Tax Receivable Agreement]


IN WITNESS WHEREOF, Parent and the other Persons party hereto have duly executed this Amendment as of the date first written above.

 

BENEFICIARY:
Name/Entity Name:
Tom Rice
By:  

/s/ Tom Rice

Name:   Tom Rice
Title (if applicable): SVP-National Sales

 

[Signature Page to Amendment No. 1 to Tax Receivable Agreement]


IN WITNESS WHEREOF, Parent and the other Persons party hereto have duly executed this Amendment as of the date first written above.

 

BENEFICIARY:
Name/Entity Name:
Tom Wunderlick
By:  

/s/ Tom Wunderlick

Name:   Tom Wunderlick
Title (if applicable):

 

[Signature Page to Amendment No. 1 to Tax Receivable Agreement]


IN WITNESS WHEREOF, Parent and the other Persons party hereto have duly executed this Amendment as of the date first written above.

 

BENEFICIARY:
Name/Entity Name:
Toni Vawter
By:  

/s/ Toni Vawter

Name:   Toni Vawter
Title (if applicable):

 

[Signature Page to Amendment No. 1 to Tax Receivable Agreement]


IN WITNESS WHEREOF, Parent and the other Persons party hereto have duly executed this Amendment as of the date first written above.

 

BENEFICIARY:
Name/Entity Name:
Travis somerville
By:  

/s/ Travis somerville

Name:   Travis somerville
Title (if applicable):

 

[Signature Page to Amendment No. 1 to Tax Receivable Agreement]


IN WITNESS WHEREOF, Parent and the other Persons party hereto have duly executed this Amendment as of the date first written above.

 

BENEFICIARY:
Name/Entity Name:
Trey Herschap
By:  

/s/ Trey Herschap

Name:   Trey Herschap
Title (if applicable):

 

[Signature Page to Amendment No. 1 to Tax Receivable Agreement]


IN WITNESS WHEREOF, Parent and the other Persons party hereto have duly executed this Amendment as of the date first written above.

 

BENEFICIARY:
Name/Entity Name:
TROUSDALE VENTURE PARTNERS, LLC
By:  

/s/ Phillip Sarofim

Name:   Phillip Sarofim
Title (if applicable): Managing Member

 

[Signature Page to Amendment No. 1 to Tax Receivable Agreement]


IN WITNESS WHEREOF, Parent and the other Persons party hereto have duly executed this Amendment as of the date first written above.

 

BENEFICIARY:
Name/Entity Name:
Wendy Lawrence
By:  

/s/ Wendy Lawrence

Name:   Wendy Lawrence
Title (if applicable):

 

[Signature Page to Amendment No. 1 to Tax Receivable Agreement]


IN WITNESS WHEREOF, Parent and the other Persons party hereto have duly executed this Amendment as of the date first written above.

 

BENEFICIARY:
Name/Entity Name:
William Ward Greenwood
By:  

/s/ William Ward Greenwood

Name:   William Ward Greenwood
Title (if applicable):

 

[Signature Page to Amendment No. 1 to Tax Receivable Agreement]


IN WITNESS WHEREOF, Parent and the other Persons party hereto have duly executed this Amendment as of the date first written above.

 

BENEFICIARY:
Name/Entity Name:
Yvette Hallidy
By:  

/s/ Yvette Hallidy

Name:   Yvette Hallidy
Title (if applicable):

 

[Signature Page to Amendment No. 1 to Tax Receivable Agreement]