Document

執行版本

首次修訂
保證。

這份擔保的第一個修正案日期爲2024年7月17日（本“修改”），由以下各方簽署 blackstone mortgage trust, inc.駐地在紐約州紐約市公園大道345號的馬里蘭州公司（“擔保人”), PARLEX 3A美元指數發行主體指定活動公司（包括任何繼任者，“美元指數採購方”)，PARLEX 3A gbp IE發行人指定活動公司（包括任何繼任者，“英鎊採購方”)，PARLEX 3A eur IE發行人指定活動公司（包括任何繼任者，“歐元採購方”), 和 BARCLAYS銀行PLC3A SEk IE指定活動公司發行人（包括任何繼任者，“SEk採購方）均爲根據愛爾蘭法律組建的指定活動公司，永久企業TRUSt有限公司作爲PARLEX 2022-1發行人信託的受託人，澳洲法律下的信託（包括任何繼任者，「AUD買方」），加上美國買方、英國買方、歐元買方和SEk買方及其各自的繼任者和受讓人組成的每個，“買方; 與現有借款人分別和集體稱爲「新借款人」購買者”), barclays bank plc作爲A級票據持有人，初始A級票據持有人和清算代理人（"A級票據持有人「」或「」初始A級票據持有人”和“實現代理”), 白銀控股I, LLC和頁面。白銀控股II, LLC 作爲b類aud票據持有人（每個"b類aud票據持有人; 與現有借款人分別和集體稱爲「新借款人」b類aud票據持有人”), 345-50合夥公司作爲EUR普通b級票據持有人（EUR普通b級票據持有人”), 345-40合夥公司作爲GBP普通b級票據持有人（GBP普通b級票據持有人”), 345-2合夥公司，作爲SEk普通b級票據持有人（SEk等級b票據持有人”), 42-16 PARTNERS, LLC, 作爲美元b級票據持有人（美元b級票據持有人”和澳元b級票據持有人、歐元b級票據持有人、gbp b級票據持有人、及SEk b級票據持有人，連同其各自的繼任者和受讓人，各稱爲一位“SEk等級b票據持有人SEk等級b票據持有人「有資格員工」是指符合條件的公司及其附屬機構內符合本計劃第3條所規定的額外條件的參與本計劃的員工。SEk等級b票據持有人”, and the Class b Noteholders together with the Class A Noteholder, each a “票據持有人; 與現有借款人分別和集體稱爲「新借款人」票據持有人 U.S. BANk TRUSTEES LIMITED (「本登記聲明」) 由特立軟件股份有限公司，一家德拉華州股份公司 (以下簡稱爲「本公司」) 提交，目的是爲了註冊其額外的7,184,563股A類普通股，每股面值$0.0001 (以下簡稱爲「A類普通股」), 以及在特立軟件股份有限公司 2022年股權激勵計劃下可發行股份的1,436,911股A類普通股，注(下文簡稱爲「A類普通股」)。AUD Note Trustee”, “歐元票據受託人”, “英鎊票據受託人”, “瑞典克朗票據受託人”和“美元票據受託人”，每個稱爲「票據受託人」，共同爲「票據受託人」。

前言

而, (i) PARLEX 3A FINCO, LLC，根據特拉華州法律組建的有限責任公司（包括根據回購代理協議成立的任何繼任公司，”回購代理”), (ii) 巴克萊銀行有限公司，根據英格蘭和威爾士法律組建的上市有限公司（包括根據變現代理協議成立的任何繼任公司，”實現代理”) 和 (iii)PARLEX 3A FINCO, LLC，一家根據特拉華州法律組建的有限責任公司（”美國賣家”), PARLEX 3A Uk FINCO, LLC，一家根據特拉華州法律組建的有限責任公司（”英國賣家”), PARLEX 3A EUR FINCO, LLC，一家根據特拉華州法律組建的有限責任公司（”歐元賣家”), PARLEX 3A seK FINCO, LLC，一家根據特拉華州法律組建的有限責任公司（”瑞典克朗賣家”), SILVER FIN SuB TC 私人有限公司，以個人身份行事，並作爲澳大利亞專有公司Silver Fin Sub Trust的受託人（”澳大利亞賣家”）和 Gloss Finco 1, LLC，一家根據特拉華州法律組建的有限責任公司（”光澤賣家” 以及，與美國賣家、英國賣家、歐元賣家、瑞典克朗一起

賣家和澳大利亞賣家，各一個”賣家” 總而言之，”賣家”）是截至2022年5月31日的某些主回購協議的當事方，該協議經截至2022年8月22日的某份主回購協議第一修正案修訂，經截至2022年12月23日的某些主回購協議第二修正案進一步修訂，經截至2023年5月31日的某份主回購協議第三修正案進一步修訂，並經該主回購第四修正案進一步修訂購買協議，日期爲 2023 年 11 月 22 日，並經該協議進一步修訂截至2024年4月10日的《主回購協議第五修正案》（經修訂、重述、補充或以其他方式修改，不時生效）主回購協議”);

鑑於根據主要回購協議，擔保方於2022年5月31日簽署了某項保證文件（如有修改、重籤、補充或其他修改，下同），以保障採購方的某些義務，有利於賣方。擔保爲了保障賣方的某些義務，擔保方簽署了特定保證書，日期爲2022年5月31日（根據需要修改、重籤、補充或以其他方式修改）。

而，關於主回購協議，美國買方已發行了3億美元的A類美元資產支持浮動利率浮動融資票據和7.5億美元的b類美元資產支持浮動利率可變融資票據（”美元票據”），英國買方已經發行了24億英鎊的A類英鎊資產支持浮動利率浮動融資票據和6億英鎊的b類英鎊資產支持浮動利率可變融資票據（”英鎊紙幣”），歐元買方已經發行了28億歐元的A類歐元資產支持浮動利率浮動融資票據和7億歐元的b類歐元資產支持浮動利率可變融資票據（”歐元票據”），瑞典克朗買方已經發行了3,000,000,000韓元A類瑞典克朗資產支持浮動利率浮動融資票據和75億克朗b類瑞典克朗資產支持浮動利率可變融資票據（”瑞典克朗票據”），澳大利亞買方已經發行了4,300,000,000澳元A類資產支持浮動利率浮動融資票據和10.75億澳元b類澳元資產支持浮動利率可變融資票據（”澳元票據” 再加上美元票據、英鎊票據、歐元票據和瑞典克朗票據，”注意事項”);

鑑於所有大寫字母術語均應視未另有定義而採用本保證書或與票據相關的某些主要定義和施工模塊中規定的各自含義；

鑑於各方希望對擔保協議進行某些修訂和修改。

鑑於對於擔保的豁免、修改或修訂均屬於所有板塊事項，可能根據初級A級票據持有人的書面同意、方向或指示以及B級票據持有人的書面決議，由每位票據受託人批准。

因此現在鑑於上述背景，以及其他充分有效的考慮，特此確認，各方均意圖受到法律約束，同意如下：

第1條

擔保協議的修訂

(a)擔保書附件A中所載的以下定義經修訂並完全重述，內容如下：

“有形淨值對於任何個人，在任何確定日期，"資產"應指根據GAAP將包括在該個人資產負債表（或任何類似標題）下的所有金額，減去（a）該個人或任何附屬機構、或者該個人或任何附屬機構的官員、僱員、合夥人、成員、董事、股東或其他類似關聯人員欠該個人的金額，（b）無形資產，以及（c）預付稅金和/或支出，加上（d）自2024年7月1日起，根據ASC 326規定的「當前預期信貸損失」模型的累積信貸損失準備金以及到期日當日或截至當日的累計折舊和攤銷的總額。

“Total Assets” shall mean, with respect to any Person, on any date of determination, an amount equal to the aggregate book value of all assets owned by such Person and the proportionate share of such Person of all assets owned by Affiliates of such Person as consolidated in accordance with GAAP, less (a) amounts owing to such Person from any Affiliate thereof, or from officers, employees, partners, members, directors, shareholders or other Persons similarly affiliated with such Person or any Affiliate thereof, (b) intangible assets, and (c) prepaid taxes and expenses, and (d) the amount of nonrecourse Indebtedness owing pursuant to securitization transactions such as a REMIC securitization, a collateralized loan obligation transactions or other similar securitizations, plus (e from and after July 1, 2024, the aggregate credit loss allowance related to “current expected credit loss” model prescribed by ASC 326 and the aggregate amount of accumulated depreciation and amortization, all on or as of such date.

(b)Article V(k)(ii) of the Guaranty is hereby amended and restated in its entirety as follows:

(ii) Minimum Fixed Charge Coverage Ratio. The ratio of (a) Guarantor’s EBITDA for any period of four (4) consecutive quarters most recently ended to (b) Guarantor’s Fixed Charges during such period, to be less than 1.40:1.00, as determined as soon as practicable after the end of each Fiscal Quarter, but in no event later than forty-five (45) days after the last day of the applicable Fiscal Quarter; provided, however, with respect to the Fiscal Quarter ending September 30, 2024 and each Fiscal Quarter thereafter through and including the Fiscal Quarter ending June 30, 2025, the foregoing shall be 1.25 to 1.0, and for each Fiscal Quarter thereafter shall be 1.30 to 1.00.

ARTICLE 2

REPRESENTATIONS

Guarantor represents and warrants to Purchasers, Repurchase Agent, the Note Trustees and Realisation Agent, as of the date of this Amendment, as follows:

(a)No Material Adverse Effect, Margin Deficit Event, Default or Event of Default has occurred and is continuing;

(b)all representations and warranties made by it in the Transaction Documents are true, correct and complete on and as of the date of this Amendment;

(c)it is duly authorized to execute and deliver this Amendment and has taken all necessary action to authorize such execution and delivery;

(d)the person signing this Amendment on its behalf is duly authorized to do so on its behalf;

(e)the execution, delivery and performance of this Amendment will not violate any Requirement of Law applicable to it or its organizational documents or any agreement by which it is bound or by which any of its assets are affected;

(f)this Amendment has been duly executed and delivered by it; and

(g)this Amendment constitutes its legal, valid and binding obligation, enforceable against it in accordance with its terms, except as enforceability may be limited by bankruptcy, insolvency, other limitations on creditors’ rights generally and general principles of equity.

ARTICLE 3

EXPENSES

Guarantor shall pay on demand all of Purchaser’s, Repurchase Agent’s, Note Trustee’s and Realisation Agent’s out-of-pocket costs and expenses, including reasonable fees and expenses of attorneys, incurred in connection with the preparation, negotiation, execution and consummation of this Amendment.

ARTICLE 4

NOTEHOLDER CONSENT AND INSTRUCTIONS

(a)Each of the Noteholders hereby consents to the transactions referred to in this Amendment and acknowledge the changes constitute an All Issuer Matter pursuant to the terms of

their applicable Trust Deed (the “Required Consents”) and authorises, directs, empowers and instructs each Note Trustee appointed in respect of the Notes held by each such Noteholder to:

(i)consent to the Required Consents;

(ii)enter into this Amendment; and

(iii)authorise, direct and empower the Realisation Agent to consent to the Required Consents and to enter into this Amendment on behalf of each Purchaser,

and pursuant to the instructions given above and in the relevant Trust Documents each Note Trustee so gives such authorization, direction and empowerment to the Realisation Agent. Each Note Trustee shall have no liability whatsoever in respect of any act or omission required by it in order to follow any such authorization, direction, empowerment, or instruction given by the Noteholders.

(b)Each of the Noteholders waives (and authorises, directs, requests and empowers each Note Trustee appointed in respect of the Notes held by each such Noteholder to approve and concur in any such waiver, and to direct the Realisation Agent to approve and concur in such waiver) any provision or term of, or any restriction contained in, the Conditions or any Transaction Document that may otherwise be breached, contravened or restricted, or otherwise result in a default or potential default under any such Condition or Transaction Document, and any such default or potential default, as a result of or in connection with the execution of this Amendment by each Note Trustee and the Realisation Agent on behalf of the Purchasers and each Note Trustee so gives such authorization, direction, request and empowerment to the Realisation Agent.

(c)Each of the Noteholders sanctions every modification, abrogation, compromise of or arrangement in respect of, the rights of the Noteholders against each respective Purchaser or against any of its property, whether such rights shall arise under the Transaction Documents or otherwise involved in or resulting from any matter referred to herein.

(d)The provisions of clauses 4(a) to 4(c) (inclusive) above shall be deemed to be an Extraordinary Resolution passed by way of Written Resolution by each Noteholder.

(e)Each Note Trustee is discharged and exonerated from all liability in respect of any act or omission required by it in order to consent to the Required Consents and perform its obligations under this Amendment.

(f)Pursuant to clauses 4(a) to 4(e) (inclusive), each Note Trustee and the Realisation Agent consents to the Required Consents and has agreed to execute this Amendment (in the case of the Realisation Agent, on behalf of each Purchaser).

The Class A Noteholder confirms that as at the date hereof it holds all of the Class A Notes issued by each Issuer. The Class B AUD Noteholders confirm that as at the date hereof they hold all of the Class B AUD Notes. The Class B EUR Noteholder confirms that as at the date hereof it holds all of the Class B EUR Notes. The Class B GBP Noteholder confirms that as at the date

hereof it holds all of the Class B GBP Notes. The Class B SEK Noteholder confirms that as at the date hereof it holds all of the Class B SEK Notes. The Class B USD Noteholder confirms that as at the date hereof it holds all of the Class B USD Notes.

ARTICLE 5

GOVERNING LAW

THIS AMENDMENT (AND ANY CLAIM OR CONTROVERSY HEREUNDER) SHALL BE CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK, AND THE OBLIGATIONS, RIGHTS, AND REMEDIES OF THE PARTIES HEREUNDER SHALL BE DETERMINED IN ACCORDANCE WITH SUCH LAWS WITHOUT REGARD TO THE CONFLICT OF LAWS DOCTRINE APPLIED IN SUCH STATE (OTHER THAN SECTION 5-1401 AND 5-1402 OF THE GENERAL OBLIGATIONS LAW OF THE STATE OF NEW YORK).

ARTICLE 6

MISCELLANEOUS

(a)Except as expressly amended or modified hereby, the Guaranty shall remain in full force and effect in accordance with its terms and is hereby ratified and confirmed. All references to the Guaranty shall be deemed to mean the Guaranty as modified by this Amendment.

(b)This Amendment may be executed in counterparts, each of which so executed shall be deemed to be an original, but all of such counterparts shall together constitute but one and the same instrument. Delivery of an executed counterpart of a signature page of this Amendment in electronic format shall be as effective as delivery of a manually executed original counterpart of this Amendment.

(c)The headings in this Amendment are for convenience of reference only and shall not affect the interpretation or construction of this Amendment.

(d)This Amendment may not be amended or otherwise modified, waived or supplemented except as provided in the Guaranty.

(e)[Reserved].

(f)This Amendment contains a final and complete integration of all prior expressions by the parties with respect to the subject matter hereof and shall constitute the entire agreement among the parties with respect to such subject matter, superseding all prior oral or written understandings.

(g)This Amendment and the Guaranty, as amended and modified hereby, is a single Transaction Document and shall be construed in accordance with the terms and provisions of the Guaranty.

[SIGNATURES FOLLOW]

IN WITNESS WHEREOF, the parties have executed this Amendment as a deed as of the day first written above.

BLACKSTONE MORTGAGE TRUST, INC., a Maryland corporation as Guarantor

By: /s/ Ana Gonzalez-Iglesias

Name: Ana Gonzalez-Iglesias

Title: Authorized Signatory

[Signature page to First Amendment to Guaranty (Barclays)]

BARCLAYS BANK PLC, as Realisation Agent, for and on behalf of:

PARLEX 3A USD IE ISSUER DESIGNATED ACTIVITY COMPANY,

PARLEX 3A GBP IE ISSUER DESIGNATED ACTIVITY COMPANY,

PARLEX 3A EUR IE ISSUER DESIGNATED ACTIVITY COMPANY,

PARLEX 3A SEK IE ISSUER DESIGNATED ACTIVITY COMPANY,

PERPETUAL CORPORATE TRUST LIMITED AS TRUSTEE OF THE PARLEX 2022-1 ISSUER TRUST

By: /s/ Francis X. Gilhool

Name: Francis X. Gilhool

Title: Authorized Signature

Barclays-BXMT – First Amendment to Guaranty

BARCLAYS BANK PLC, as Class A Noteholder and Initial Class A Noteholder

By: /s/ Francis X. Gilhool

Name: Francis X. Gilhool

Title: Authorized Signature

Barclays-BXMT – First Amendment to Guaranty

SILVER HOLDCO I, LLC, as Class B AUD Noteholder