Item 1.02 Termination of a Material Definitive Agreement.

In connection with the consummation of the Mergers, on March 29, 2022, GreenSky terminated the Credit Agreement, dated as of August 25, 2017 (as amended, restated, supplemented or otherwise modified from time to time, the "Credit Agreement"), by and among GreenSky Holdings, as borrower, the other loan parties thereto, the lenders party thereto and JPMorgan Chase Bank, N.A., as administrative agent, collateral agent and issuing bank. In connection with the termination of the Credit Agreement, all outstanding borrowings and all unpaid fees thereunder were paid in full and all commitments thereunder were terminated.

In connection with the consummation of the Mergers, on March 29, 2022, GreenSky terminated the Warehouse Credit Agreement, dated May 11, 2020 (as amended, restated, supplemented or otherwise modified from time to time, the "Warehouse Credit Agreement"), by and among GS Investment I, LLC, as borrower, the lenders from time to time party thereto and JPMorgan Chase Bank, N.A., as administrative agent. In connection with the termination of the Warehouse Credit Agreement, all outstanding borrowings and all unpaid fees thereunder were paid in full and all commitments thereunder were terminated.

Item 2.01 Completion of Acquisition or Disposition of Assets.

As described above, on March 29, 2022, pursuant to and in accordance with the Merger Agreement, (i) GreenSky merged with and into Merger Sub 1, with Merger Sub 1 continuing as Surviving LLC 1, and (ii) Merger Sub 2 merged with and into GreenSky Holdings, with GreenSky Holdings continuing as Surviving LLC 2, with the Holdings Merger occurring immediately prior to the Company Merger. Immediately following the consummation of the Mergers, Surviving LLC 1 merged with and into Surviving LLC 2, with Surviving LLC 2 continuing as Final Surviving LLC.

As of the effective time of the Holdings Merger (the "Holdings Merger Effective Time"), subject to the terms and conditions set forth in the Merger Agreement, (i) each common unit of GreenSky Holdings ("Common Unit"), other than Common Units owned by GreenSky, which were converted into an equal number of limited liability company interests in Surviving LLC 2, was converted into the right to receive 0.03 (the "Exchange Ratio") shares of common stock, par value $0.01 per share, of GS Group (the "Merger Consideration") and (ii) each share of Class B common stock, par value $0.001 per share, of GreenSky ("GreenSky Class B Common Stock") was automatically deemed transferred to GreenSky and canceled for no consideration. As of the Holdings Merger Effective Time, each holder of Common Units, other than GreenSky, ceased to have any rights as a holder of Common Units, except the right to receive the Merger Consideration, cash in lieu of fractional shares of GS Group's common stock, if any, and any unpaid dividends or other distributions, in each case, pursuant to the Merger Agreement.

As of the effective time of the Company Merger (the "Company Merger Effective Time"), subject to the terms and conditions set forth in the Merger Agreement, each share of Class A common stock, par value $0.01 per share, of GreenSky ("GreenSky Class A Common Stock" and together with the GreenSky Class B Common Stock, "GreenSky Common Stock") issued and outstanding immediately prior to the Company Merger Effective Time, other than shares of GreenSky Class A Common Stock owned by GreenSky as treasury stock or held by GS Group, GS Bank, Merger Sub 1 or Merger Sub 2 (in each case, not on behalf of third parties (including in a fiduciary, custodial, nominee or similar capacity)), which were canceled for no consideration, was converted into the right to receive the Merger Consideration. As of the Company Merger Effective Time, each holder of GreenSky Class A Common Stock immediately prior to the Company Merger Effective Time ceased to have any rights as a holder of GreenSky Class A Common Stock, except the right to receive the Merger Consideration, cash in lieu of fractional shares of GS Group's common stock, if any, and any unpaid dividends or other distributions, in each case, pursuant to the Merger Agreement.



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Each option to purchase shares of GreenSky Common Stock (a "GreenSky Stock Option") outstanding immediately prior to the Company Merger Effective Time, whether vested or unvested, was canceled and converted into a right to receive a lump-sum cash payment, without interest, equal to the product of (i) the number of shares of GreenSky Common Stock subject to such GreenSky Stock Option immediately prior to the Company Merger Effective Time and (ii) the excess, if any, of (A) the Merger Consideration Value (as defined below) (or, if such GreenSky Stock Option was subject to a cap on the value received upon the exercise of the GreenSky Stock Option, the amount of such cap, if less than the Merger Consideration Value) over (B) the per share exercise price of such GreenSky Stock Option, subject to reduction for applicable withholding taxes. Any GreenSky Stock Option with a per share exercise price equal to or greater . . .

Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or

Standard; Transfer of Listing.

In connection with the consummation of the Mergers, GreenSky requested that NASDAQ suspend trading of the GreenSky Class A Common Stock at the close of market trading on the Closing Date and file with the SEC a Notification of Removal from Listing and/or Registration on Form 25 to delist and deregister GreenSky Class A Common Stock under Section 12(b) of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). In addition, Final Surviving LLC intends to file with the SEC on behalf of GreenSky a certification on Form 15 requesting that GreenSky's reporting obligations under Sections 13 and 15(d) of the Exchange Act be suspended.

The information set forth in the Introductory Note and Item 2.01 of this Current Report on Form 8-K is incorporated by reference in this Item 3.01.

Item 3.03 Material Modification to Rights of Security Holders.

The information set forth in the Introductory Note, Item 2.01, Item 3.01, Item 5.01 and Item 5.03 of this Current Report on Form 8-K is incorporated by reference in this Item 3.03.

Item 5.01 Changes in Control of Registrant.

As a result of the consummation of the Company Merger, a change of control of the registrant occurred and GreenSky merged with and into Merger Sub 1, with Merger Sub 1 surviving the Company Merger as a wholly owned subsidiary of GS Bank.

The information set forth in the Introductory Note and Item 2.01 of this Current Report on Form 8-K is incorporated in this Item 5.01 by reference.

Item 5.02 Departure of Directors or Certain Officers; Election of Directors;

Appointment of Certain Officers; Compensatory Arrangements of Certain

Officers.

Pursuant to the Merger Agreement, as of the Company Merger Effective Time, GreenSky ceased to exist, and by operation of the Company Merger, all members of the board of directors of GreenSky ceased to be directors of GreenSky and each executive officer of GreenSky listed below ceased to hold the positions indicated beside such executive officer's name:



        •    David Zalik               Chief Executive Officer and Chairman of
             Board of Directors



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        •    Gerald Benjamin           Chief Administrative Officer, Vice Chairman
             and Director



  •   Tim Kaliban               President & Chief Risk Officer



        •    Andrew Kang              Executive Vice President and Chief Financial
             Officer



  •   Ritesh Gupta              Chief Operating Officer



  •   Angela Nagy              Chief Accounting Officer

The information set forth in the Introductory Note and Item 2.01 of this Current Report on Form 8-K is incorporated by reference in this Item 5.02.

Item 5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal

Year.

The information set forth in the Introductory Note and Item 2.01 of this Current Report on Form 8-K is incorporated by reference in this Item 5.03.

Pursuant to the Merger Agreement, as of the Company Merger Effective Time, GreenSky ceased to exist and Surviving LLC 1 continued as the surviving entity. Following the consummation of the Mergers, Surviving LLC 1 merged with and into Surviving LLC 2, with Surviving LLC 2 continuing as Final Surviving LLC.

Item 9.01 Financial Statements and Exhibits.





(d) Exhibits.

The exhibits listed in the following Exhibit Index are filed as part of this report.

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