Jernigan Capital, Inc. Sample Contracts

March 20th, 2015 · Common Contracts · 186 similar
Jernigan Capital, Inc.AMENDED AND RESTATED AGREEMENT OF LIMITED PARTNERSHIP OF JERNIGAN CAPITAL OPERATING PARTNERSHIP LP THE SECURITIES EVIDENCED HEREBY HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), OR THE SECURITIES LAWS OF ANY ...

THIS AMENDED AND RESTATED AGREEMENT OF LIMITED PARTNERSHIP, dated as of March 20, 2015, (the “Agreement”) is entered into by and among Jernigan Capital, Inc., a Maryland corporation, as the “General Partner”, and the Persons whose names are set forth on the Partner Registry (as hereinafter defined) as Limited Partners, together with any other Persons who become Partners in Jernigan Capital Operating Partnership LP (the “Partnership”) as provided herein.

March 1st, 2019 · Common Contracts · 63 similar
Jernigan Capital, Inc.INDEMNIFICATION AGREEMENT

This INDEMNIFICATION AGREEMENT (this “Agreement”) is effective as of June 4, 2018, by and between JERNIGAN CAPITAL, INC., a Maryland corporation (the “Company” or the “Indemnitor”) and Jonathan Perry (the “Indemnitee”).

March 27th, 2020 · Common Contracts · 47 similar
Jernigan Capital, Inc.SECOND AMENDED AND RESTATED CREDIT AGREEMENT DATED AS OF MARCH 26, 2020 by and among JERNIGAN CAPITAL OPERATING COMPANY, LLC, AS THE BORROWER, KEYBANK NATIONAL ASSOCIATION, THE OTHER LENDERS WHICH ARE PARTIES TO THIS AGREEMENT AND OTHER LENDERS THAT MAY ...

THIS SECOND AMENDED AND RESTATED CREDIT AGREEMENT (this “Agreement”) is made as of March 26, 2020, by and among JERNIGAN CAPITAL OPERATING COMPANY, LLC, a Delaware limited liability company (the “Borrower”), KEYBANK NATIONAL ASSOCIATION (“KeyBank”), the other lending institutions which are parties to this Agreement as “Lenders”, and the other lending institutions that may become parties hereto as “Lenders” pursuant to §18, and KEYBANK NATIONAL ASSOCIATION, as Agent for the Lenders (the “Agent”).

November 7th, 2017 · Common Contracts · 27 similar
Jernigan Capital, Inc.THIRD AMENDED AND RESTATED MANAGEMENT AGREEMENT

This THIRD AMENDED AND RESTATED MANAGEMENT AGREEMENT (this “Management Agreement”), is effective as of November 1, 2017, is made and entered into by and among JERNIGAN CAPITAL, INC., a Maryland corporation, (the “Company”), JERNIGAN CAPITAL OPERATING COMPANY LLC (f/k/a Jernigan Capital Operating Partnership LP, a Delaware limited liability company (the “Operating Company”) and JCap Advisors, LLC, a Delaware limited liability company (the “Manager”).

June 14th, 2018 · Common Contracts · 18 similar
Jernigan Capital, Inc.4,000,000 Shares JERNIGAN CAPITAL, INC. Common Stock UNDERWRITING AGREEMENT

Jernigan Capital, Inc., a Maryland corporation (the “Company”), which is externally managed and advised by JCap Advisors, LLC, a limited liability company organized and existing under the laws of Florida (the “Manager”), and Jernigan Capital Operating Company, LLC, a Delaware limited liability company (the “Operating Company”), propose, subject to the terms and conditions stated herein, that the Company will issue and sell to the several Underwriters named in Schedule I hereto (the “Underwriters”), an aggregate of 4,000,000 shares of its Common Stock, par value $0.01 per share (the “Common Stock”). The aggregate of 4,000,000 shares to be purchased from the Company are called the “Firm Shares.” In addition, the Company has agreed to sell to the Underwriters, upon the terms and conditions stated herein, up to an additional 600,000 shares of Common Stock (the “Additional Shares”) to cover over-allotments by the Underwriters, if any.

December 17th, 2019 · Common Contracts · 5 similar
Jernigan Capital, Inc.EMPLOYMENT AGREEMENT

THIS EMPLOYMENT AGREEMENT (this “Agreement”) by and among Jernigan Capital, Inc., a Maryland corporation (the “REIT”), Jernigan Capital Operating Company LLC, a Delaware limited liability company, the operating company subsidiary of the REIT (the “Operating Company”), and the Operating Company’s subsidiary, JCAP Management LLC, a Delaware limited liability company (the “REIT Operator” and, together with the REIT and the Operating Company, the “Company”), and Jonathan L. Perry (“Executive”) is dated as of the Effective Date.

August 22nd, 2018 · Common Contracts · 3 similar
Jernigan Capital, Inc.GUARANTY AGREEMENT

THIS AGREEMENT SHALL BE A CONTINUING, ABSOLUTE AND UNCONDITIONAL GUARANTY, and shall remain in full force and effect until the Indebtedness (and interest thereon and expenses in connection therewith), and all renewals, modifications, or extensions thereof, in whole or in part, shall have been fully paid and satisfied. The death or dissolution of the Guarantor (or any of them, if more than one) shall not terminate this Agreement.

August 22nd, 2018 · Common Contracts · 3 similar
Jernigan Capital, Inc.TERM LOAN AGREEMENT

This Term Loan Agreement (“Agreement”) is entered into as of this 17th day of August, 2018, by and between FRANKLIN OWNER, LLC, a Georgia limited liability company (“Borrower”), whose address is 6410 Poplar Avenue, Suite 650, Memphis, Tennessee 38119, and FIRSTBANK, a Tennessee state bank, (“Lender”), whose address, for purposes of this Agreement, is 1661 International Drive, Suite 350, Memphis, Tennessee 38120.

December 19th, 2019 · Common Contracts · 3 similar
Jernigan Capital, Inc.JERNIGAN CAPITAL, INC. Common Stock (Par Value $0.01 Per Share) EQUITY DISTRIBUTION AGREEMENT
March 13th, 2015 · Common Contracts · 3 similar
Jernigan Capital, Inc.JERNIGAN CAPITAL, INC.

Jernigan Capital, Inc., a Maryland corporation (the “Company”), hereby grants shares of its common stock, $0.01 par value per share (“Common Stock”), to the Grantee named below, subject to the vesting and other conditions set forth below. Additional terms and conditions of the grant are set forth in this cover sheet and in the attachment (collectively, the “Agreement”) and in the Company’s 2014 Equity Incentive Plan (as amended from time to time, the “Plan”). Capitalized terms used but not defined herein shall have the meanings given them in the Plan.

May 5th, 2017 · Common Contracts · 3 similar
Jernigan Capital, Inc.JERNIGAN CAPITAL, INC. AMENDED AND RESTATED 2015 EQUITY INCENTIVE PLAN RESTRICTED Stock AGREEMENT

Jernigan Capital, Inc., a Maryland corporation (the “Company”), hereby grants shares of its common stock, $0.01 par value per share (“Common Stock”), to the Grantee named below, subject to the vesting and other conditions set forth below. Additional terms and conditions of the grant are set forth in this cover sheet and in the attachment (collectively, the “Agreement”) and in the Company’s Amended and Restated 2015 Equity Incentive Plan (as amended from time to time, the “Plan”). Capitalized terms used but not defined herein shall have the meanings given them in the Plan.

January 2nd, 2019 · Common Contracts · 2 similar
Jernigan Capital, Inc.FIRST AMENDED AND RESTATED UNCONDITIONAL GUARANTY OF PAYMENT AND PERFORMANCE

FOR AND IN CONSIDERATION OF the sum of Ten and No/100 Dollars ($10.00) and other good and valuable consideration paid or delivered to the undersigned JERNIGAN CAPITAL, INC., a Maryland corporation (“REIT”), and the Additional Guarantors which are a party hereto or may hereafter become a party hereto, if any (hereinafter referred to individually as a “Subsidiary Guarantor” and collectively, as “Subsidiary Guarantors”; REIT, and the Subsidiary Guarantors are sometimes hereinafter referred to individually as a “Guarantor” and collectively as “Guarantors”), the receipt and sufficiency whereof are hereby acknowledged by Guarantors, and for the purpose of seeking to induce KEYBANK NATIONAL ASSOCIATION, a national banking association (hereinafter referred to as “Lender”, which term shall also include each other Lender which may now be or hereafter become a party to the “Credit Agreement” (as hereinafter defined), any Lender acting as the Issuing Lender under the Credit Agreement and shall als

February 27th, 2020 · Common Contracts · 2 similar
Jernigan Capital, Inc.FIRST AMENDMENT TO FIRST AMENDED AND RESTATED CREDIT AGREEMENT

THIS FIRST AMENDMENT TO FIRST AMENDED AND RESTATED CREDIT AGREEMENT (this “Amendment”), dated as of January 31, 2020, by and among JERNIGAN CAPITAL OPERATING COMPANY, LLC, a Delaware limited liability company (“Borrower”), JERNIGAN CAPITAL, INC., a Maryland corporation (“REIT”), each of the entities identified as a “Subsidiary Guarantor” on the signature pages of this Amendment (collectively the “Subsidiary Guarantors”; the REIT and the Subsidiary Guarantors are hereinafter referred to collectively as the “Guarantors”), KEYBANK NATIONAL ASSOCIATION (“KeyBank”), RAYMOND JAMES BANK, N.A., (“Raymond James”), BMO HARRIS BANK N.A., (“BMO”), TRUSTMARK NATIONAL BANK (“Trustmark”), FIRSTBANK (“FirstBank”), TRIUMPH BANK (“Triumph”), RENASANT BANK (“Renasant”), and PINNACLE BANK (“Pinnacle”); KeyBank, Raymond James, BMO, Trustmark, FirstBank, Triumph, Renasant and Pinnacle, collectively, the “Lenders”), and KeyBank as Agent for itself and the other Lenders from time to time a party to the Credit

May 15th, 2015 · Common Contracts · 2 similar
Jernigan Capital, Inc.JERNIGAN CAPITAL, INC. PRIVATE PLACEMENT PURCHASE AGREEMENT

This STOCK PURCHASE AGREEMENT (this “Agreement”) is made and entered into as of March 26, 2015, by and between Jernigan Capital, Inc., a Maryland corporation (the “Company”), and the undersigned Investor (the “Investor”).

December 17th, 2019
Jernigan Capital, Inc.ASSET PURCHASE AGREEMENT by and among JERNIGAN CAPITAL OPERATING COMPANY LLC as Purchaser, JERNIGAN CAPITAL, INC. as the REIT, JCAP ADVISORS, LLC as Seller, DEAN JERNIGAN, JOHN A. GOOD and JONATHAN L. PERRY Dated as of December 16, 2019

This ASSET PURCHASE AGREEMENT (this “Agreement”) is dated as of December 16, 2019, by and among Jernigan Capital Operating Company LLC (f/k/a Jernigan Capital Operating Partnership LP), a Delaware limited liability company (“Purchaser”), Jernigan Capital, Inc., a Maryland corporation (the “REIT”), JCap Advisors, LLC, a Florida limited liability company (“Seller”), Dean Jernigan, John A. Good and Jonathan L. Perry (collectively with Seller, the “Seller Parties”). Purchaser, the REIT and the Seller Parties are each sometimes individually referred to herein as a “Party” and collectively as the “Parties.”

July 28th, 2016
Jernigan Capital, Inc.STOCK PURCHASE AGREEMENT

STOCK PURCHASE AGREEMENT (the “Agreement”), dated as of July 27, 2016, by and between JERNIGAN CAPITAL, INC., a Maryland corporation (the “Company”), and certain funds managed or advised by Highland Capital Management, L.P. or its controlled affiliates (“Highland”) and identified on the signature page(s) hereto (each, a “Buyer” and collectively, together with their permitted transferees and assigns, the “Buyers”).

May 8th, 2020
Jernigan Capital, Inc.JERNIGAN CAPITAL, INC. SECOND AMENDED AND RESTATED 2015 EQUITY INCENTIVE PLAN STOCK UNITS AND RESTRICTED STOCK AGREEMENT

Jernigan Capital, Inc., a Maryland corporation (the “Company”), hereby grants stock units (“Stock Units”) to the Grantee named below, subject to the vesting and other conditions set forth below. Additional terms and conditions of the grant are set forth in this cover sheet and in the attachment (collectively, this “Agreement”) and in the Company’s Second Amended and Restated 2015 Equity Incentive Plan (the “Plan”). Capitalized terms used but not defined herein shall have the meanings given them in the Plan.

March 29th, 2018
Jernigan Capital, Inc.Jernigan Capital, Inc. (a Maryland corporation) (par value $0.01 per share) Distribution Agreement
September 23rd, 2020
Jernigan Capital, Inc.FIRST AMENDMENT TO AGREEMENT AND PLAN OF MERGER

This First Amendment to Agreement and Plan of Merger (this “Amendment”), dated September 21, 2020, is made and entered into by and among Jernigan Capital, Inc., a Maryland corporation that has elected to be treated as a real estate investment trust for U.S. federal income Tax purposes (the ”Company”), Jernigan Capital Operating Company, LLC, a Delaware limited liability company (the ”Operating Company”), NexPoint RE Merger, Inc., a Maryland corporation (“Parent”), and NexPoint RE Merger OP, LLC, a Delaware limited liability company (the ”Parent OP”). Each of the Company, Operating Company, Parent and Parent OP may be referred to herein as a “Party” or, collectively, as the “Parties”.

March 1st, 2019
Jernigan Capital, Inc.SECOND AMENDMENT TO TERM LOAN AGREEMENT

This Second Amendment to Term Loan Agreement (“Second Amendment”) is made as of the 18th day of January, 2019, by and among FRANKLIN OWNER, LLC, a Georgia limited liability company (the “Borrower”), and FIRSTBANK, a Tennessee state bank, whose address is 6815 Poplar Avenue, Suite 100, Memphis, Tennessee 38138 (hereinafter referred to as the “Bank”).

November 2nd, 2018
Jernigan Capital, Inc.SECOND AMENDMENT TO CREDIT AGREEMENT

THIS SECOND AMENDMENT TO CREDIT AGREEMENT (this “Amendment”), dated as of July 25, 2018, by and among JERNIGAN CAPITAL OPERATING COMPANY, LLC, a Delaware limited liability company (“Borrower”), JERNIGAN CAPITAL, INC., a Maryland corporation (“REIT”), each of the entities identified as a “Subsidiary Guarantor” on the signature pages of this Amendment (collectively the “Subsidiary Guarantors”; the REIT and the Subsidiary Guarantors are hereinafter referred to collectively as the “Guarantors”), KEYBANK NATIONAL ASSOCIATION (“KeyBank”), RAYMOND JAMES BANK, N.A., (“Raymond James”), TRUSTMARK NATIONAL BANK (“Trustmark”), FIRSTBANK (“FirstBank”), TRIUMPH BANK (“Triumph”), and RENASANT BANK (“Renasant”; KeyBank, Raymond James, Trustmark, FirstBank, Triumph and Renasant, collectively, the “Lenders”), and KeyBank as Agent for itself and the other Lenders from time to time a party to the Credit Agreement (as hereinafter defined) (KeyBank, in its capacity as Agent, is hereinafter referred to as “A

May 2nd, 2019
Jernigan Capital, Inc.AMENDMENT TO LIMITED LIABILITY COMPANY AGREEMENT OF STORAGE LENDERS LLC

This amendment (the “Amendment”) is made effective as of March 28, 2019, to the Limited Liability Company Agreement of Storage Lenders LLC, a Delaware limited liability company (the “Venture”), dated as of March 7, 2016 (the “Venture Agreement”), by and between Jernigan Capital Operating Company, LLC, a Delaware limited liability company, as a member and the initial managing member of the Venture (“Jernigan”), and HVP III Storage Lenders Investor, LLC, a Delaware limited liability company and member of the Venture (“Investor” and, together with Jernigan, the “Members”). Each initially-capitalized term that is not otherwise defined herein shall have the definition provided for such term in the Venture Agreement.

March 1st, 2019
Jernigan Capital, Inc.SECOND AMENDMENT TO TERM LOAN AGREEMENT

This Second Amendment to Term Loan Agreement (“Second Amendment”) is made as of the 18th day of January, 2019, by and among MCGINNIS FERRY OWNER, LLC, a Georgia limited liability company (the “Borrower”), and FIRSTBANK, a Tennessee state bank, whose address is 6815 Poplar Avenue, Suite 100, Memphis, Tennessee 38138 (hereinafter referred to as the “Bank”).

March 11th, 2016
Jernigan Capital, Inc.LIMITED LIABILITY COMPANY AGREEMENT OF Storage Lenders LLC (a Delaware Limited Liability Company)

THE LIMITED LIABILITY COMPANY MEMBERSHIP INTERESTS IN STORAGE LENDERS LLC (THE “MEMBERSHIP INTERESTS”) ARE SUBJECT TO THE RESTRICTIONS ON TRANSFER SET FORTH IN THIS AGREEMENT. THE MEMBERSHIP INTERESTS HAVE NOT BEEN REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED, OR UNDER ANY OTHER APPLICABLE SECURITIES LAWS, IN EACH CASE IN RELIANCE UPON EXEMPTIONS FROM THE REQUIREMENTS OF SUCH LAWS. NEITHER THE MEMBERSHIP INTERESTS NOR ANY PART THEREOF MAY BE OFFERED FOR SALE, PLEDGED, HYPOTHECATED, SOLD, ASSIGNED OR TRANSFERRED AT ANY TIME EXCEPT IN COMPLIANCE WITH THE TERMS AND CONDITIONS OF THIS AGREEMENT AND ALL APPLICABLE SECURITIES LAWS.

January 5th, 2016
Jernigan Capital, Inc.LIMITED LIABILITY COMPANY AGREEMENT OF JERNIGAN CAPITAL OPERATING COMPANY, LLC THE SECURITIES EVIDENCED HEREBY HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), OR THE SECURITIES LAWS OF ANY STATE AND MAY NOT ...

THIS LIMITED LIABILITY COMPANY AGREEMENT of Jernigan Capital Operating Company, LLC (the “Company”), dated as of December 30, 2015, (the “Agreement”) is entered into by and among Jernigan Capital, Inc., a Maryland corporation, as the “Managing Member” of the Company and Jernigan Capital OP, LLC as the “Initial Non-Managing Member”, together with any other Persons who become Members of the Company as provided herein.

May 8th, 2020
Jernigan Capital, Inc.JERNIGAN CAPITAL, INC. SECOND AMENDED AND RESTATED 2015 EQUITY INCENTIVE PLAN RESTRICTED STOCK AGREEMENT

Jernigan Capital, Inc., a Maryland corporation (the “Company”), hereby grants shares of its common stock, $0.01 par value per share (“Common Stock”), to the Grantee named below, subject to the vesting and other conditions set forth below. Additional terms and conditions of the grant are set forth in this cover sheet and in the attachment (collectively, this “Agreement”) and in the Company’s Second Amended and Restated 2015 Equity Incentive Plan (as amended from time to time, the “Plan”). Capitalized terms used but not defined herein shall have the meanings given them in the Plan.

March 1st, 2019
Jernigan Capital, Inc.AMENDMENT TO TERM LOAN AGREEMENT

This Amendment to Term Loan Agreement (“Amendment”) is made as of the 17th day of August, 2018, by and among FRANKLIN OWNER, LLC, a Georgia limited liability company (the “Borrower”), and FIRSTBANK, a Tennessee state bank, whose address is 6815 Poplar Avenue, Suite 100, Memphis, Tennessee 38138 (hereinafter referred to as the “Bank”).

September 23rd, 2020
Jernigan Capital, Inc.FIRST AMENDMENT TO SECOND AMENDED AND RESTATED CREDIT AGREEMENT

THIS FIRST AMENDMENT TO SECOND AMENDED AND RESTATED CREDIT AGREEMENT (this “Amendment”), dated as of September 21, 2020, by and among JERNIGAN CAPITAL OPERATING COMPANY, LLC, a Delaware limited liability company (“Borrower”), JERNIGAN CAPITAL, INC., a Maryland corporation (“REIT”), each of the entities identified as a “Subsidiary Guarantor” on the signature pages of this Amendment (collectively the “Subsidiary Guarantors”; the REIT and the Subsidiary Guarantors are hereinafter referred to collectively as the “Guarantors”), KEYBANK NATIONAL ASSOCIATION (“KeyBank”), RAYMOND JAMES BANK, N.A., (“Raymond James”), BMO HARRIS BANK N.A., (“BMO”), TRUSTMARK NATIONAL BANK (“Trustmark”), FIRSTBANK (“FirstBank”), TRIUMPH BANK (“Triumph”), RENASANT BANK (“Renasant”), PINNACLE BANK (“Pinnacle”), SYNOVUS BANK (“Synovus”), TRUIST BANK (“Truist”), and IBERIABANK, a division of First Horizon Bank (“IberiaBank”; KeyBank, Raymond James, BMO, Trustmark, FirstBank, Triumph, Renasant, Pinnacle, Synovus, Trui

March 1st, 2019
Jernigan Capital, Inc.SECOND AMENDMENT TO TERM LOAN AGREEMENT

This Second Amendment to Term Loan Agreement (“Second Amendment”) is made as of the 18th day of January, 2019, by and among STORAGE BUILDERS II LLC, a Delaware limited liability company (the “Borrower”), and FIRSTBANK, a Tennessee state bank, whose address is 6815 Poplar Avenue, Suite 100, Memphis, Tennessee 38138 (hereinafter referred to as the “Bank”).

August 2nd, 2018
Jernigan Capital, Inc.FIRST AMENDMENT TO STOCK PURCHASE AGREEMENT

This FIRST AMENDMENT TO THE STOCK PURCHASE AGREEMENT, dated as of July 25, 2018 (this “Amendment”), is entered into by and between Jernigan Capital, Inc., a Maryland corporation (the “Company”), and NexPoint Advisors, L.P. in its capacity as Buyer Representative under the Agreement (as defined below).

July 28th, 2016
Jernigan Capital, Inc.REGISTRATION RIGHTS AGREEMENT

REGISTRATION RIGHTS AGREEMENT (this “Agreement”), dated as of July 27, 2016, by and between JERNIGAN CAPITAL, INC., a Delaware corporation (the “Company”), and certain funds managed or advised by Highland Capital Management, L.P. or its controlled affiliates (“Highland”) and identified on the signature page(s) hereto (each, a “Buyer” and collectively, together with their permitted transferees and assigns, the “Buyers”). Capitalized terms used herein and not otherwise defined herein shall have the respective meanings set forth in the Stock Purchase Agreement dated as of the date hereof (as amended, restated, supplemented or otherwise modified from time to time, the “Stock Purchase Agreement”).

February 24th, 2020
Jernigan Capital, Inc.JERNIGAN CAPITAL, INC. AMENDMENT NO. 1 TO AMENDED AND RESTATED BYLAWS

WHEREAS, Jernigan Capital, Inc., a Maryland corporation (the “Company”), has heretofore adopted Amended and Restated Bylaws of the Company, effective April 1, 2015 (the “Bylaws”);

January 25th, 2018
Jernigan Capital, Inc.AMENDMENT NO. 2 TO LIMITED LIABILITY COMPANY AGREEMENT OF JERNIGAN CAPITAL OPERATING COMPANY, LLC AMENDMENT TO DESIGNATION OF SERIES A PREFERRED UNITS AND DESIGNATION OF 7.00% SERIES B CUMULATIVE REDEEMABLE PERPETUAL PREFERRED UNITS January 25, 2018

WHEREAS, pursuant to Article XIV of the Limited Liability Company Agreement (the “Operating Agreement”) of Jernigan Capital Operating Company, LLC (the “Company”), the Managing Member hereby amends the Operating Agreement as follows in connection with (i) Amendment No. 1 to the Articles Supplementary of the Managing Member (the “Series A Articles Supplementary”) designating the terms of the Series A Preferred Stock and (ii) the issuance and sale of 7.00% cumulative redeemable perpetual preferred stock, $0.01 par value per share (the “Series B Preferred Stock”), of the Managing Member and the issuance to the Managing Member of units designated as “7.00% Series B Cumulative Redeemable Preferred Units” (the “Series B Preferred Units”) in exchange for the contribution by the Managing Member of the net proceeds from the issuance and sale of the Series B Preferred Stock.

March 1st, 2019
Jernigan Capital, Inc.AMENDMENT TO TERM LOAN AGREEMENT

This Amendment to Term Loan Agreement (“Amendment”) is made as of the 17th day of August, 2018, by and among STORAGE BUILDERS II LLC, a Delaware limited liability company (the “Borrower”), and FIRSTBANK, a Tennessee state bank, whose address is 6815 Poplar Avenue, Suite 100, Memphis, Tennessee 38138 (hereinafter referred to as the “Bank”).

August 2nd, 2018
Jernigan Capital, Inc.First AMENDMENT TO CREDIT AGREEMENT

THIS FIRST AMENDMENT TO CREDIT AGREEMENT (this “Amendment”), dated as of January 16, 2018, by and among JERNIGAN CAPITAL OPERATING COMPANY, LLC, a Delaware limited liability company (“Borrower”), JERNIGAN CAPITAL, INC., a Maryland corporation (“Guarantor”), KEYBANK NATIONAL ASSOCIATION (“KeyBank”), RAYMOND JAMES BANK, N.A., (“Raymond James”), TRUSTMARK NATIONAL BANK (“Trustmark”), FIRSTBANK (“FirstBank”), TRIUMPH BANK (“Triumph”), and RENASANT BANK (“Renasant”; KeyBank, Raymond James, Trustmark, Firstbank, Triumph and Renasant, collectively, the “Lenders”), and KeyBank as Agent for itself and the other Lenders from time to time a party to the Credit Agreement (as hereinafter defined) (KeyBank, in its capacity as Agent, is hereinafter referred to as “Agent”).