EXHIBIT 10.2
AMENDMENT No. 1
     This AMENDMENT No. 1, dated as of May 29, 2008 (this “Amendment”), to and
under the Waiver (the “Waiver”), dated as of March 14, 2008, by and among
DEERFIELD CAPITAL CORP, a Maryland corporation (the “Parent”), DEERFIELD &
COMPANY LLC, an Illinois limited liability company (the “Issuer”) and the
Required Holders (as defined in the Note Purchase Agreement referred to below).
RECITALS:
     WHEREAS, the Issuer, the Parent and each Holder have entered into that
certain Series B Note Purchase Agreement, dated as of December 21, 2007 (as
amended, modified or restated prior to the date hereof, including by the Waiver,
the “Note Purchase Agreement”). Capitalized terms used but not defined in this
Waiver shall have the meanings that are set forth in the Note Purchase
Agreement;
     WHEREAS, certain terms of the Note Purchase Agreement were waived or
modified by the Waiver; and
     WHEREAS, the parties hereto desire to amend the Waiver as set forth in this
Amendment.
     NOW, THEREFORE, in consideration of the premises and the agreements,
provisions and covenants herein contained, the parties hereto agree as follows:
SECTION 1. AMENDMENT TO THE WAIVER
     1.1 Section 2 (Modification of Specified Covenant) of the Waiver. Section 2
of the Waiver is hereby amended by deleting the date “March 31, 2009” from
paragraph (a) thereof and replacing it with the date “December 31, 2009.”
SECTION 2. MISCELLANEOUS
     2.1 Binding Effect. This Amendment shall be binding upon the parties hereto
and their respective successors and assigns and shall inure to the benefit of
the parties hereto and the successors and assigns of the Holders.
     2.2 Severability. In case any provision in or obligation hereunder shall be
invalid, illegal or unenforceable in any jurisdiction, the validity, legality
and enforceability of the remaining provisions or obligations, or of such
provision or obligation in any other jurisdiction, shall not in any way be
affected or impaired thereby.
     2.3 Reference to Waiver. On and after the date hereof, each reference in
the Waiver to “this Waiver”, “hereunder”, “hereof”, “herein” or words of like
import referring to the Waiver, and each reference in the other Note Documents
to the “Waiver”, “thereunder”, “thereof” or words of like import referring to
the Waiver shall mean and be a reference to the Waiver as amended by this
Amendment.
     2.4 Effect on Waiver. Except as specifically amended by this Amendment, the
Waiver and the other Note Documents shall remain in full force and effect and
are hereby ratified and confirmed.

 

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     2.5 Execution. The execution, delivery and performance of this Amendment
shall not, except as expressly provided herein, constitute a waiver of any
provision of, or operate as a waiver of any right, power or remedy of any Agent
or Holder under, the Waiver or any of the other Note Documents.
     2.6 Headings. Section headings herein are included herein for convenience
of reference only and shall not constitute a part hereof for any other purpose
or be given any substantive effect.
     2.7 APPLICABLE LAW. THIS AMENDMENT AND THE RIGHTS AND OBLIGATIONS OF THE
PARTIES HEREUNDER SHALL BE GOVERNED BY, AND SHALL BE CONSTRUED AND ENFORCED IN
ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK WITHOUT REGARD TO CONFLICT OF
LAWS PRINCIPLES THEREOF THAT WOULD REQUIRE THE APPLICATION OF LAWS OTHER THAN
THOSE OF THE STATE OF NEW YORK.
     2.8 Expenses. The Parent, the Issuer and their respective Subsidiaries
agree to pay all reasonable attorneys’ fees and disbursements incurred by the
Administrative Holder and the Collateral Agent in connection with this Amendment
on demand.
     2.9 Counterparts. This Amendment may be executed in any number of
counterparts, each of which when so executed and delivered shall be deemed an
original, but all such counterparts together shall constitute but one and the
same instrument.
     2.10 Note Document. This Amendment is a Note Document (as defined in the
Note Purchase Agreement).
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     IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be
duly executed and delivered by their respective officers thereunto duly
authorized as of the date first written above.

            PARENT:

DEERFIELD CAPITAL CORP.
      By:   /s/ Jonathan W. Trutter         Name:   Jonathan W. Trutter       
Title:   Chief Executive Officer

            ISSUER:

DEERFIELD & COMPANY LLC
      By:   /s/ Robert A. Contreras         Name:   Robert A. Contreras      
Title:   General Counsel

 

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            GHS 2006 SCM TRUST
      By:   /s/ Gerald M. Sachs, Trustee         Name:   Gerald M. Sachs       
Title:   Trustee   

 

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            GHS 2008 SCM TRUST
      By:   /s/ Gerald M. Sachs, Trustee         Name:   Gerald M. Sachs       
Title:   Trustee    

 

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            RIVER ROAD HOLDINGS, LLC       By:   Redleaf Management Company, LLC
          Its:  Manager     By:   /s/ Bradley Rosen       Name:  Bradley Rosen  
    Title:  Manager       By:   /s/ Michelle Sibley       Name:  Michelle Sibley
      Title:  Manager