交易协议("协议)于2024年9月30日签订,由OCW MAV Holdings, LLC,一家特拉华有限责任公司("OMH),ROF8 OCW Holdings, LLC,一家特拉华有限责任公司("ROF8”), OPPS OCW Holdings, LLC, a Delaware limited liability company (“OPPS” and together with OMH and ROF8, collectively, the “橡树派对”,每个都是“Oaktree Party”), Onity Group Inc., a Florida corporation (f/k/a Ocwen Financial Corporation) (“Onity”),美国特拉华有限责任公司。公司”),仅供参考。 第3(h)节 和 3(k) ”),美国特拉华有限责任公司(“MAV)。除非上下文另有要求,橡树各方、Onity和公司在本文中皆称为“方子公司当事人”,视情况而定。本协议中使用的大写术语,但未在本协议中另有定义,应具有LLC协议(如下所定义的)中赋予这些术语的各自含义。
鉴于,新高收益票据的发行日或者,如果新高收益票据以托管方式发行,在托管释放后,Onity和PHH打算使用高收益发行以及预计的结束付款的收益(x)首先用于回购、合法免除债务、清偿或全部赎回PHH Mortgage Corporation的即将到期的7.875%优先担保票据,即Onity的子公司(“PMC”和这些票据,即“PMC票据”和,此类回购、解除抵押、清偿或赎回,“PMC票据赎回”),以及(y)其次,按照和根据第1号修正案实质上附表所述表格的采购协议的条款,用剩余收益的范围,赎回未偿还的Onity票据 附录 A (“本登记声明”) 由特立软件股份有限公司,一家德拉华州股份公司 (以下简称为“本公司”) 提交,目的是为了注册其额外的7,184,563股A类普通股,每股面值$0.0001 (以下简称为“A类普通股”), 以及在特立软件股份有限公司 2022年股权激励计划下可发行股份的1,436,911股A类普通股,注(下文简称为“A类普通股”)。采购协议修正”,任何此类赎回,都是“Onity票据赎回”, and the transactions described in the foregoing clauses (x) and (y), the “Notes Redemption”) and, solely after all outstanding Onity Notes have been redeemed, for general corporate purposes;
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WHEREAS, Onity intends to use all proceeds from the Interest Redemption to consummate an Onity Notes Redemption and, solely after all outstanding Onity Notes have been redeemed, for general corporate purposes;
WHEREAS, in return for the Oaktree Parties agreeing to (i) amend the Purchase Agreement to permit the issuance and sale of the New High Yield Notes and to amend the terms of the redemption provisions therein with respect to the Onity Notes, (ii) amend the Warrant Certificate, (iii) participate as an investor in the High Yield Offering and (iv) effectuate the Interest Redemption and the other transactions described herein, Onity intends to pay OCm FIE LLC (“OCm FIE”) or its designee a transaction fee in cash (the “"交易通知"”) in an amount set forth in a letter agreement between OCm FIE and Onity (the “Transaction Fee Letter”);
WHEREAS, in connection with, and subject to, the concurrent consummation of the High Yield Offering and the consummation of the PMC Notes Redemption and any required Onity Notes Redemption, the Company desires to redeem from Onity, and Onity desires to sell and transfer to the Company, Onity’s Interest, pursuant to and in accordance with the terms of that certain Redemption Agreement attached hereto as 附件B (“本登记声明”) 由特立软件股份有限公司,一家德拉华州股份公司 (以下简称为“本公司”) 提交,目的是为了注册其额外的7,184,563股A类普通股,每股面值$0.0001 (以下简称为“A类普通股”), 以及在特立软件股份有限公司 2022年股权激励计划下可发行股份的1,436,911股A类普通股,注(下文简称为“A类普通股”)。Interest Redemption Agreement” and such transaction, the “Interest Redemption”);
(q)“Material Adverse Effect“”代表对公司及其子公司作为整体的资产、财产、负债、业务、经营业绩或状况(无论财务还是其他方面)产生重大不利影响,或使公司及其子公司按时完成本协议拟议的交易的能力受到任何不利影响的任何效果、事件、变化、发生、情况、事实状态或发展,无论是单独还是聚合。 在每种情况下,该B类股东和/或该B类股东的家庭成员需独立控制在此类帐户、计划或信托中持有的B类普通股实时; that none of the following shall be taken into account in determining whether there has been a Material Adverse Effect: any adverse change, effect, event, occurrence, state of facts or development to the extent attributable to: (i) conditions or effects that generally affect any of the industries in which the Company and its Subsidiaries operate (including legal and regulatory changes) in the United States; (ii) general economic effects or conditions affecting the United States; (iii) conditions or effects resulting from changes in equity, debt, financial, banking or securities markets in general or market conditions and any disruption thereof and any decline in any market index or any change in prevailing interest rates, in each case in the United States; (iv) conditions or effects resulting from an outbreak, escalation or worsening of hostilities, acts of war (whether or not declared), military
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actions, acts of terrorism, political instability or other national or international calamity, crisis or emergency, or any governmental or other response to any of the foregoing, in each case involving the United States; (v) epidemics, pandemics, acts of God, casualties, earthquakes, storms, hurricanes, tornadoes, severe weather, fires, accidents, floods or other natural or man-made catastrophes; (vi) conditions or effects arising from changes or proposed changes in Laws or GAAP following the date hereof; (vii) the failure to meet any budgets, pro forma amounts, projections or forecasts (在每种情况下,该B类股东和/或该B类股东的家庭成员需独立控制在此类帐户、计划或信托中持有的B类普通股实时; that the exception in this clause (vii) shall not prevent or otherwise affect a determination that any circumstance underlying such failure has resulted in or contributed to a Material Adverse Effect); (viii) the announcement, pendency or completion of the transactions contemplated by this Agreement and the Transaction Agreements, including the identity of the Company and its Affiliates (including the Oaktree Parties); and (ix) the Company or its Subsidiaries taking or not taking any action required by this Agreement prior to Closing; 在每种情况下,该B类股东和/或该B类股东的家庭成员需独立控制在此类帐户、计划或信托中持有的B类普通股实时; 在上述(i)-(vi)款所述情况下,并且与同行业其他公司相比,该效果、事件、变化、发生、情况、事实状态或发展对公司及其子公司整体并没有不成比例的影响。
(B)本修正案中所载的陈述和保证 第4节(b)(i) 和 第4(b)(ii)部分, for such purposes disregarding any materiality or similar qualification therein, shall be true and correct in all material respects as of the date hereof and on the Closing Date; and
(C)the representations of Onity or PMC, as applicable, set forth in each Transaction Agreement, for such purposes disregarding any materiality or similar qualification therein, shall be true and correct as of the Closing Date, except as would not reasonably be expected to have, individually or in the aggregate, a material adverse effect on the ability of Onity or PMC, as applicable, to consummate the transactions contemplated by (or perform its obligations under) any Transaction Agreement to which it is a party.
(ii)条款的业绩: Onity shall have performed and complied with, in all material respects, all of their covenants and
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agreements set forth in this Agreement, required to be performed and complied with by them on or prior to the Closing Date.
(iii)没有实质不利影响: There shall have been no Material Adverse Effect since the date hereof.
(i)Oaktree各方和Onity应当(并Onity和OMH应导致公司及其子公司)合理配合其他各方,就获取所有公司批准和进行所有申请、提交、申请或通知的所有行动进行合作申报”) required in connection with such Company Approvals.
(ii)Without limiting the foregoing, Onity and OMH shall cause the Company and its Subsidiaries to, (i) as promptly as practicable after the date hereof, use reasonable best efforts to take, or cause to be taken, such actions, to provide, or cause to be provided, such information, and to do, or cause to be done, such things as are required to be done by the Company and its Subsidiaries in connection with the preparation of the Filings contemplated by the Company Approvals, (ii) file substantially complete Filings with
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the relevant Governmental Authorities and Investors as soon as reasonably practicable after the date hereof, provided that each of OMH and Onity shall promptly provide to the Company all information regarding OMH or Onity, as applicable, or any of their respective Affiliates and control persons, officers, directors, members, shareholders, parent companies, investors, and take such actions that are reasonably necessary or requested by any Governmental Entity or Investor in connection with the preparation of such Filings. Each of OMH and Onity shall use reasonable best efforts to cooperate with the Company and its Subsidiaries in connection with the filing or making of the Filings pertaining to the Company Approvals, including by providing information regarding OMH or Onity, as applicable, and their respective Affiliates, control persons, officers, directors, members, shareholders, parent companies, investors, representatives and agents that is required to be included therein, or taking such actions as is required to be taken in connection therewith, as promptly as reasonably practicable following a request by the Company, and promptly reviewing and providing any comments on all such draft Filings (or any related correspondence sent to any Governmental Authority or Investor by the Company or any of its Subsidiaries) sent to OMH or Onity (or their respective legal counsel) for review.
(iii)Each of Onity and the Oaktree Parties shall keep each other Party reasonably apprised of the status of matters relating to the consummation of the transactions contemplated hereby and work cooperatively in connection with obtaining the Company Approvals, including: (i) cooperating with each other in connection with all Filings required under applicable Laws in connection with the transactions contemplated hereby; (ii) furnishing to the other party all information within its possession or control or otherwise reasonably obtainable that is required for any Filing to be made by the other party pursuant to applicable Laws in connection with the transactions contemplated hereby; (iii) promptly notifying the other party of any communications from or with any Governmental Authority or Investor with respect to the transactions contemplated hereby; (iv) using commercially reasonable efforts to respond as soon as reasonably practicable (but in all events within five (5) Business Days) to any request by a Governmental Authority or Investor for information with respect to the transactions contemplated hereby; (v) not agreeing to participate in any meeting with any Governmental Authority or Investor in connection with proceedings under or relating to applicable Laws in connection with the transactions contemplated hereby, unless it consults with
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the other party in advance, and, to the extent permitted by such Governmental Authority or Investor, gives the other party the opportunity to attend and participate thereat; and (vi) consulting and cooperating with one another in connection with all analyses, appearances, presentations, memoranda, briefs, arguments, opinions and proposals made or submitted by or on behalf of any party in connection with the Company Approvals. Without limiting the foregoing, any Filings or written communications to any Governmental Authority or Investor relating to the Company Approvals or the transactions contemplated hereby that sets forth the proposed Closing Date will require the prior written consent of the Oaktree Parties and Onity.
(iv)Without limiting the foregoing, the Oaktree Parties and Onity acknowledge that receipt of the Company Approval with respect to any related Company Permit may be waived by the mutual agreement of the Oaktree Parties and Onity, such consent not to be unreasonably withheld, delayed or conditioned, if all of the conditions to Closing set forth in 第2节 have theretofore been satisfied or are reasonably capable of being satisfied on or prior to the proposed Closing Date, including the satisfaction of the requisite Required Regulatory Approvals. The Oaktree Parties and Onity agree that if any such Company Approval is waived, the applicable Company Permit shall be surrendered by the Company or its applicable Subsidiary prior to Closing, and the Company or its applicable Subsidiary shall apply for a new Permit following Closing.
(c)Conduct Pending Closing. From the date hereof until the earlier of the Closing and such time as this Agreement is terminated in accordance with 第5节, the Company shall, and shall cause its Subsidiaries to, conduct its businesses and operate and maintain its assets and properties in the ordinary course of business (consistent with past practice) in all material respects, except as (x) required by applicable Law or (y) in accordance with the terms of the LLC Agreement. Notwithstanding the foregoing, from the date hereof until the earlier of (a) the Closing Date or (b) November 30, 2024, the Company shall not, and the Company shall cause its Subsidiaries not to, declare, set aside or pay any distribution or dividend.
(i)组织和良好地位:如Oaktree Party是一家有限责任公司,在特拉华州法律下合法组织,合法存在并处于良好地位。如Oaktree Party已获许可,有资格并处于良好地位,并被充分授权和有资格进行交易,从而( a ) 继续进行其当前进行的业务,并( b ) 执行本协议中或其是一方的每个交易协议构思的任何和所有业务,以履行本协议和其是一方的每个交易协议项下的义务,但在这种情况下,未能持有这些资格或许可证将不会合理地预期对如Oaktree Party或如Oaktree Party执行本协议或其是一方的任何交易协议的能力产生重大不利影响。如Oaktree Party有权力和权限签署、履行本协议(或关于其是一方的每个交易协议),并执行本协议和其是一方的每个交易协议项下应履行的所有交易,并已(或将)采取一切必要行动授权签署、交付和履行本协议和其是一方的每个交易协议。当本协议被各方签署并交付时,本协议和其是一方的每个交易协议将构成如Oaktree Party的合法、有效和有约束力义务,根据其条款可以进行强制执行,但( i )受一般公平原则和适用破产、破产重整、筹备会和其他影响债权人权利执行的一般适用法律的限制,( ii )受涉及特定履行、禁令救济或其他衡平法律的限制和( iii )在适用法律允许的范围内可能受到有限制的赔偿和贡献条款限制。
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重组、停牌和其他一般适用于一般债权人权利执行的法律,( ii )受特定履行、禁令救济或其他衡平法律的可利用性相关法律的限制,和( iii )对适用法律可能限制赔偿和贡献条款。
(i)Organization & Good Standing: The Company is a limited liability company duly organized, validly existing and in good standing under the laws of the State of Delaware and MAV is a limited liability company duly organized, validly existing and in good standing under the laws of the State of California. Each of the Company and MAV is licensed, qualified and in good standing, and is duly authorized and qualified to transact, in each case, (a) to carry on its business as currently conducted, and (b) any and all business contemplated by this Agreement and each Transaction Agreement to which it is a party to the extent necessary to perform its obligations under this Agreement and each Transaction Agreement to which it is a party, in each case except where the failure to possess such qualifications or licenses would not reasonably be expected to have a Material Adverse Effect. Each of the Company and MAV has the power and authority to make, execute, deliver and perform this Agreement (or will have with respect to each Transaction Agreement to which it is a party), and perform all of the transactions contemplated to be performed by it under this Agreement and each Transaction Agreement to which it is a party, and has taken (or will take) all necessary action to authorize the execution, delivery and performance of this Agreement and each Transaction Agreement to which it is a party. When executed and delivered by each Party hereto, this Agreement and each Transaction Agreement to which it is a party will constitute the legal, valid and binding obligation of the Company or MAV, as applicable, enforceable in accordance with its terms, except (i) as limited by general equitable principles and applicable
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bankruptcy, insolvency, reorganization, moratorium and other laws of general application affecting enforcement of creditors’ rights generally, (ii) as limited by laws relating to the availability of specific performance, injunctive relief or other equitable remedies and (iii) insofar as indemnification and contribution provisions may be limited by applicable law.
(a)预扣税款。. The Company, OMH and any agent, representative or Affiliate thereof, as applicable, shall be entitled to deduct and withhold from the consideration otherwise payable pursuant to this Agreement such amounts as it is required to deduct and withhold with respect to the making of such payment under applicable tax law. If the Company, OMH or any agent, representative or Affiliate thereof believes in good faith that it is obligated under applicable tax law to deduct or withhold any Taxes from consideration payable under this Agreement (other than with respect to any withholding obligation as a result of the failure of Onity to provide an the IRS Form W-9 pursuant to Section 2(a)(v)), then OMH or the
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Company, as applicable, shall use commercially reasonable efforts to promptly notify Onity in writing prior to any such deduction or withholding, and shall use commercially reasonable efforts to give Onity a reasonable opportunity to (i) discuss with OMH or the Company, as applicable, in good faith the basis for any such deduction or withholding and (ii) reduce or eliminate any such deduction or withholding, including by providing (or causing to be provided) a certificate or other documentary evidence establishing an exemption or reduction of deduction or withholding. To the extent that amounts are so withheld and remitted to the applicable governmental authority, as applicable, such withheld amounts shall be treated for all purposes of this Agreement as having been paid to the applicable Person in respect of which such deduction and withholding was made.
(b)税务处理. The Parties acknowledged and agree that, for U.S. federal, and applicable state and local, income tax purposes, the Contribution and the Interest Redemption, take together, are intended to be treated as (x) with respect to Onity, a sale or exchange of interests in the Company under Section 741 of the U.S. Internal Revenue Code of 1986, as amended (the “代码”) and (y) with respect to OMH, an acquisition of the assets of the Company, in a transaction described in Revenue Ruling 99-6, Situation 1, 1999-1 Cb 432 (the “拟定的税务处理方式任何一方都不得在任何税务申报或诉讼中采取与拟定税务处理方式不一致的立场,除非适用法律发生变化或《法典》第1313条规定的“最终裁定”要求。
6.终止.
(a)本协议可按以下方式在收盘前或收盘之日终止:
(i)凯迪瑞和橡树各方之间达成书面协议终止;
(ii)如果截止日期在2025年2月1日之前未到达,凯迪瑞或橡树各方均可终止本协议(“外部日期”); 在每种情况下,该B类股东和/或该B类股东的家庭成员需独立控制在此类帐户、计划或信托中持有的B类普通股实时;, 但是根据本协议,在外部日期之前,如果结束日期未发生且由于Onity或PMC(视情况而定)在本协议或任何交易协议中包含的其陈述、保证、契约或协议方面发生重大违约,则Onity将无权根据此停止协议。 第6(a)(ii)款 在外部日期之前,如果结束日期未发生且由于任何Oaktree Party在本协议中包含的其陈述、保证、契约或协议方面发生重大违约,Oaktree Parties将无权根据此终止协议。 第6(a)(ii)款 在外部日期之前,如果结束日期未发生且由于任何Oaktree Party在本协议中包含的其陈述、保证、契约或协议方面发生重大违约,则Oaktree Parties将无权根据此停止协议。 在每种情况下,该B类股东和/或该B类股东的家庭成员需独立控制在此类帐户、计划或信托中持有的B类普通股实时; 此外, if, as of the date that is five (5) Business Day prior to the Outside Date, any Required Regulatory Approvals have not been obtained, and
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all other conditions in 第2节 have theretofore been satisfied or are reasonably capable of being satisfied on or prior to the Outside Date, then either the Oaktree Parties or Onity may, by written notice to the other Party, extend the Outside Date for up to an additional thirty (30) days in order to obtain such outstanding Required Regulatory Approvals;
(iii)Either Onity or the Oaktree Parties may terminate this Agreement if (A) any Governmental Authority or Investor which must grant a Required Regulatory Approval has denied such approval and such denial has become final and nonappealable or (B) any Governmental Authority or Investor shall have issued a final nonappealable order enjoining or otherwise prohibiting the consummation of the Closing;
(iv)Onity may terminate this Agreement (if Onity or PMC, as applicable, is not then in breach of its representations, warranties, covenants or agreements under this Agreement or any Transaction Agreement so as to cause any of the conditions set forth in Sections 2(a)(i), 2(a)(ii), 2(c)(i),下降了 2(c)(ii) 如有违反、违约或不准确的情况,将导致引起本协议中包括的Oaktree当事方或公司的任何陈述、保证、契约或协议的任何条件不满足),则可通过向Oaktree方书面通知来通知,这会引发2(b)(ii)条款中规定的任何条件 第2节(b)(i), 2(b)(ii), 2(c)(i),下降了 2(c)(ii) 不得满足,并且未经Onity或由Oaktree Parties或公司在收到Onity的书面通知后的二十(20)个工作日内予以豁免或纠正的违反,违约或不准确之违反; 在每种情况下,该B类股东和/或该B类股东的家庭成员需独立控制在此类帐户、计划或信托中持有的B类普通股实时;如果在20个营业日内收到Oaktree Parties和公司的书面通知,并且如果违反,违约或不准确之违反能够在20个营业日内得以纠正,则最晚日期应自Oaktree Parties和公司收到此书面通知之日起自动延长至之日起二十(20)个工作日之日期;或