On November 3, 2021, AFC Gamma, Inc. entered into the Second Amendment to the Revolving Credit Agreement (the ?Second Amendment?), by and between the company, as borrower, and AFC Finance, LLC, as agent and lender, to amend its revolving credit agreement with AFC Finance, LLC (as amended, restated, supplemented or otherwise modified from time to time, the ?Revolving Credit Agreement?) to, among other things: decrease the interest rate to 4.75% per annum; extend the maturity date to the earlier of September 30, 2022 and the closing date of any credit facility where the proceeds are incurred to refund, refinance or replace such revolving credit agreement; add an unused fee of 0.25% per annum on the undrawn amount of the revolving loan commitments; add a one-time commitment fee of 0.25% of the total revolving loan commitments, payable in three quarterly installments, beginning in the first quarter of 2022; increase the aggregate revolving credit commitments to $75.0 million; provide holders of Notes (as defined below), on the occurrence of certain events of default and subject to certain terms and conditions, the option to purchase all outstanding obligations under the Revolving Credit Agreement; and require all payments of interest, the commitment fee and unused fee (in each case, net of taxes) to be paid, directly or indirectly, to a charitable organization to be designated by AFC Finance, LLC in its sole discretion. AFC Finance, LLC is an affiliated entity wholly-owned by Leonard M. Tannenbaum, the Company?s Chief Executive Officer and one of the Company?s directors, and Jonathan Kalikow, the Company?s Head of Real Estate and one of the Company?s directors. On November 3, 2021, the company completed its previously announced offering of $100.0 million aggregate principal amount of its 5.750% Senior Notes due 2027 (the ?Notes?) in a private offering (the ?Notes Offering?) to qualified institutional buyers pursuant to Rule 144A and non-U.S. persons pursuant to Regulation S under the Securities Act of 1933, as amended (the ?Securities Act?). The Notes were issued pursuant to an Indenture, dated as of November 3, 2021 (the ?Indenture?), between the Company and TMI Trust Company, as trustee. Seaport Global Securities LLC acted as sole book-running manager and Lake Street Capital Markets, LLC acted as co-manager for the Notes Offering. The Indenture provides that the Notes will bear interest at a rate of 5.750% per annum, payable in cash semi-annually on May 1 and November 1 of each year, beginning May 1, 2022. The Notes will mature on May 1, 2027. Under the Indenture, the Company is required to cause all of its existing and future subsidiaries to fully and unconditionally guarantee the Notes on a senior unsecured basis, other than certain immaterial subsidiaries as set forth in the Indenture. As of the issue date of the Notes, the Company?s only subsidiary, AFCG TRS1, LLC, constitutes an immaterial subsidiary under the Indenture and, consequently, the Notes are not currently guaranteed by any of the Company?s subsidiaries.