Exhibit 10.1

AMENDMENT NO. 8 TO CREDIT AGREEMENT
This AMENDMENT NO. 8 TO CREDIT AGREEMENT ("Amendment") is dated as of May 3,
2017, and is entered into by and among PERFORMANT BUSINESS SERVICES, INC.
(formerly known as DCS Business Services, Inc.), a Nevada corporation
("Borrower"), the Lenders (as defined in the Credit Agreement as hereafter
defined) party hereto, and MADISON CAPITAL FUNDING LLC, as Agent for all
Lenders.
W I T N E S S E T H:
WHEREAS, Borrower, Agent and the Lenders from time to time party thereto are
parties to that certain Credit Agreement dated as of March 19, 2012 (as the same
has been or may be from time to time amended, restated, supplemented or
otherwise modified, the "Credit Agreement"; capitalized terms not otherwise
defined herein have the definitions provided therefor in the Credit Agreement,
as amended hereby); and
WHEREAS, Borrower, Agent, Required Lenders, and each Lender holding any
outstanding Term B Loans have agreed to amend the Credit Agreement in certain
respects, in each case subject to the terms and conditions set forth herein;
NOW THEREFORE, in consideration of the mutual conditions and agreements set
forth in the Credit Agreement and this Amendment, and other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, the
parties hereto hereby agree as follows:
1.Amendments to the Credit Agreement. Subject to the satisfaction of the
conditions set forth in Section 2 below, and in reliance on the representations
and warranties set forth in Section 3 below, the Credit Agreement is hereby
amended as follows:
(a)    Section 1.1 of the Credit Agreement is amended by inserting new defined
terms "Eighth Amendment Closing Date", "March 2018 Compliance Date" and "PIK
Interest" therein in their appropriate alphabetical order as follows:
Eighth Amendment Closing Date means May 3, 2017.
March 2018 Compliance Date means the date (if any) upon which the Borrower
delivers to Agent financial statements in respect of the Fiscal Quarter ending
March 31, 2018 pursuant to Section 6.1.2 together with a Compliance Certificate
in respect of such period pursuant to Section 6.1.3 that demonstrates compliance
with each of the financial ratios and restrictions set forth in Sections 7.14.2,
7.14.4, 7.14.5 and 7.14.6 for such period and certifies that no other Default or
Event of Default has occurred and is continuing as of the date of delivery of
such Compliance Certificate.
PIK Interest has the meaning set forth in Section 2.7.1.

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(b)    Section 1.1 of the Credit Agreement is amended by deleting the definition
of the term "December 2017 Compliance Date" therefrom in its entirety.
(c)    Section 1.1 of the Credit Agreement is amended by amending the definition
of the term "EBITDA" set forth therein by replacing the reference to "costs,
fees or expenses incurred in connection with the Amendment No. 4 to Credit
Agreement dated as of the Fourth Amendment Closing Date the Amendment No. 5 to
Credit Agreement dated as of the Fifth Amendment Closing Date and the Amendment
No. 6 to Credit Agreement dated as of the Sixth Amendment Closing Date" set
forth therein with a reference to "costs, fees or expenses incurred in
connection with the Amendment No. 4 to Credit Agreement dated as of the Fourth
Amendment Closing Date, the Amendment No. 5 to Credit Agreement dated as of the
Fifth Amendment Closing Date, the Amendment No. 6 to Credit Agreement dated as
of the Sixth Amendment Closing Date, the Amendment No. 7 to Credit Agreement
dated as of March 22, 2017, and the Amendment No. 8 to Credit Agreement dated as
of the Eighth Amendment Closing Date".
(d)    Section 1.1 of the Credit Agreement is amended by amending and restating
the definition of the term "Term B Loan Maturity Date" set forth therein in its
entirety as follows:
Term B Loan Maturity Date means June 19, 2018 or such earlier date on which all
or any of the Loans or Obligations shall become due and payable pursuant to
Section 8.2.
(e)    Section 2.7.1 of the Credit Agreement is amended and restated in its
entirety as follows:
2.7.1    Interest Rates.
(a) Borrower promises to pay interest on the unpaid principal amount of each
Loan for the period commencing on the date of such Loan until such Loan is paid
in full as follows: (i) at all times while such Loan is a Base Rate Loan, at a
rate per annum equal to the sum of the Base Rate from time to time in effect
plus the Applicable Margin set forth under the heading "Base Rate" as from time
to time in effect; and (ii) at all times while such Loan is a LIBOR Loan, at a
rate per annum equal to the sum of the LIBOR Rate applicable to each Interest
Period for such Loan plus the Applicable Margin set forth under the heading
"LIBOR" as from time to time in effect; provided, that at any time an Event of
Default exists, if elected by Agent or requested by Required Lenders, the
Applicable Margin corresponding to each Loan or Obligation shall be increased by
two percentage points per annum (and, in the case of Obligations not subject to
an Applicable Margin except for Secured Hedging Obligations, such Obligations
shall bear interest at the Base Rate plus the Applicable Margin set forth under
the heading "Base Rate" applicable to Revolving Loans plus two percentage
(2.00%) points per annum) effective as of the date upon which such Event of
Default first occurred or such later date approved by Required Lenders in
writing; provided, further that, (x) any such increase may thereafter be
rescinded by Required Lenders or, if such increase was implemented by Agent
absent the

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request of Required Lenders, Agent, notwithstanding Section 10.1, and (y) upon
the occurrence of an Event of Default under Section 8.1.1 or 8.1.3, any such
increase described in the foregoing clause (i) shall occur automatically.
(b) In addition to the interest payable pursuant to the foregoing paragraph,
Borrower promises to pay interest (as more particularly described in Section
2.7.2) in kind (except that any such accrued in kind amounts shall, prior to
being capitalized as part of the principal of the Term B Loans in accordance
with Section 2.7.2, be due and payable in cash at maturity or upon demand of
Required Lenders at any time an Event of Default exists) on the unpaid principal
amount of the Term B Loans for the period commencing on the Eighth Amendment
Closing Date until the Term B Loans are paid in full at a per annum rate equal
to three percentage points (3.00%) per annum (such additional interest described
in this paragraph, "PIK Interest").
(c) In no event shall interest payable by Borrower to Agent and Lenders
hereunder exceed the maximum rate permitted under applicable law, and if any
such provision of this Agreement is in contravention of any such law, such
provision shall be deemed modified to limit such interest to the maximum rate
permitted under such law (with any such modification applied first to reduce the
interest rate applicable to PIK Interest pursuant to clause (b) above).
(f)    Section 2.7.2 of the Credit Agreement is amended and restated in its
entirety as follows:
2.7.2.    Interest Payment Dates.
Accrued interest (excluding PIK Interest) on each Base Rate Loan shall be
payable in arrears on the first day of each calendar month and at maturity in
cash. Accrued interest (excluding PIK Interest) on each LIBOR Loan shall be
payable on the last day of each Interest Period relating to such Loan (and, in
the case of a LIBOR Loan with an Interest Period in excess of 3 months, on the
last day of each 3-month interval of such Interest Period), upon a prepayment of
such Loan in accordance with Section 2.10 and at maturity in cash. Accrued PIK
Interest on the Term B Loans shall be payable in arrears on the first day of
each calendar month commencing after the Eighth Amending Closing Date by adding
such amounts to the principal amount of the Term B Loans on which such PIK
Interest accrued. After maturity and, at the request of Required Lenders at any
time an Event of Default exists, all accrued interest on all Loans shall be
payable in cash on written demand at the rates specified in Section 2.7.1.
(g)    Section 2.10.2(a)(ii) of the Credit Agreement is amended and restated in
its entirety as follows:
(ii) (x) within 120 days after the end of the Fiscal Year ending December 31,
2016, in an amount equal to (A) 75% of Excess Cash Flow for such Fiscal Year
minus (B) voluntary prepayments of the Term Loans pursuant to Section

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2.10.1 made after the Eighth Amendment Closing Date (excluding any prepayment
made with funds from the Cash Reserve Account as contemplated by Section 6.11)
during such period, and (y) within 45 days after the end of each Fiscal Quarter,
commencing with the Fiscal Quarter ending March 31, 2017, in an amount equal to
the lesser of (A) (1) 75% of Excess Cash Flow for such Fiscal Quarter minus (2)
voluntary prepayments of the Term Loans pursuant to Section 2.10.1 made during
such period made after the Eighth Amendment Closing Date (excluding any
prepayment made with funds from the Cash Reserve Account as contemplated by
Section 6.11), and (B) (1) 75% of Excess Cash Flow for the period commencing on
the first day of the current Fiscal Year and ending on the last day of such
Fiscal Quarter minus (2) the sum of all previous prepayments (if any) made
pursuant to this Section 2.10.2(a)(ii)(y) (but not Section 2.10.2(a)(ii)(x))
during such Fiscal Year and all voluntary prepayments of the Term Loans pursuant
to Section 2.10.1 (excluding any prepayment made with funds from the Cash
Reserve Account as contemplated by Section 6.11) made after the Eighth Amendment
Closing Date during such Fiscal Year;
(h)    Section 2.11.3 of the Credit Agreement is amended by amending and
restating the table set forth therein in its entirety as follows:
Date
Installment
 
June 30, 2017
$247,500
September 30, 2017
$247,500
December 31, 2017
$247,500
March 31, 2018
$247,500
June 19, 2018
The remaining outstanding principal balance of the Term B Loan

(i)    Section 3.2(c) of the Credit Agreement is amended and restated in its
entirety as follow:
(c)    Notwithstanding anything herein to the contrary, (x) the Dodd-Frank Wall
Street Reform and Consumer Protection Act and all requests, rules, regulations,
guidelines or directives thereunder or issued in connection therewith and (y)
all requests, rules, guidelines or directives promulgated by the Bank for
International Settlements, the Basel Committee on Banking Supervision (or any
successor or similar authority) or other United States or foreign regulatory
authorities pursuant to Basel III shall, in each case, be deemed to be a change
in law for purposes of this Agreement (including without limitation for purposes
of this Section 3.2 and for purposes of Section 3.4), regardless of the date
enacted, adopted or issued.

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(j)    Section 6.1.1 of the Credit Agreement is amended and restated in its
entirety as follows:
6.1.1    Annual Report.
Promptly when available and in any event within 90 days after the close of each
Fiscal Year: (a) a copy of the annual audit report of Holdings, Borrower and the
Subsidiaries for such Fiscal Year, including therein a consolidated balance
sheet and statement of earnings and cash flows of Holdings, Borrower and the
Subsidiaries as at the end of such Fiscal Year, certified without qualification
(except for qualifications relating to changes in accounting principles or
practices reflecting changes in GAAP and required or approved by Borrower's
independent certified public accountants) by independent auditors of recognized
standing selected by Borrower or such other auditor reasonably acceptable to
Agent, together with (i) a written statement from such accountants to the extent
permitted by and consistent with such accountant's audit policies, as determined
in such accountant's sole discretion, to the effect that in making the
examination necessary for the signing of such annual audit report by such
accountants, nothing came to their attention that caused them to believe that
Borrower was not in compliance with any provision of Section 7.1, 7.3, 7.4 or
7.14, insofar as such provision relates to accounting matters or, if something
has come to their attention that caused them to believe that Borrower was not in
compliance with any such provision, describing such non-compliance in reasonable
detail and (ii) a comparison with the previous Fiscal Year; and (b) an Excess
Cash Flow Certificate.
(k)    Section 6.1.2 of the Credit Agreement is amended and restated in its
entirety as follows:
6.1.2    Interim Reports.
Promptly when available and in any event within 45 days after the end of each
month, consolidated balance sheets of Holdings, Borrower and the Subsidiaries as
of the end of such month, together with consolidated statements of earnings and
a consolidated statement of cash flows for such month and for the period
beginning with the first day of such Fiscal Year and ending on the last day of
such month (which consolidated financial statements with respect to each month
that is the last month of a Fiscal Quarter shall not contain in the footnote
disclosure thereto a statement required by GAAP indicating that there is
substantial doubt about the ability of the consolidated entity to continue as a
going concern (such that the inclusion of any such footnote disclosure would
constitute a breach of the requirements of this Section 6.1.2)), together with a
comparison with the corresponding period of the previous Fiscal Year and a
comparison with the budget for such period of the current Fiscal Year, certified
by an Authorized Officer of Borrower (which certificate shall, if such financial
statements

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correspond to a month that is not the last month of a Fiscal Quarter, contain a
statement as to whether an Event of Default exists).
(l)    Section 6.11 of the Credit Agreement is amended by (i) replacing each
reference to "Fourth Amendment Closing Date" set forth therein with a reference
to "Eighth Amendment Closing Date", (ii) replacing the reference to "$7,500,000"
set forth therein with a reference to "$6,000,000", (iii) replacing each
reference to "Required Lenders" set forth therein with a reference to "Required
Lenders and each Lender holding any outstanding Term B Loans", (iv) replacing
the reference to "May 15, 2017" set forth therein with a reference to "August 3,
2017", and (v) deleting the reference to "(or such later date not more than
thirty (30) days thereafter as may be agreed by Agent in its sole discretion)"
set forth therein.
(m)    Section 7.5(a) of the Credit Agreement is amended by replacing the
reference to "December 2017 Compliance Date" set forth therein with a reference
to "March 2018 Compliance Date".
(n)    Section 7.14.2. of the Credit Agreement is amended and restated in its
entirety as follows:
7.14.2    Total Debt to EBITDA Ratio.
Not permit the Total Debt to EBITDA Ratio as of the last day of any Computation
Period to exceed the applicable ratio set forth below for such Computation
Period:
Computation 
Period Ending
Total Debt to 
EBITDA Ratio
December 31, 2015
5.00:1.0
March 31, 2016, June 30, 2016, September 30, 2016, December 31, 2016, March 31,
2017, June 30, 2017, September 30, 2017, December 31, 2017 and March 31, 2018
4.75:1.0

(o)    Section 7.14.3(d) of the Credit Agreement is amended by replacing the
reference to "with respect to any Computation Period ending prior to the
Computation Period ending March 31, 2018" set forth therein with a reference to
"with respect to any Computation Period ending prior to the Computation Period
ending June 30, 2018".
(p)    Section 7.14.4 of the Credit Agreement is amended and restated in its
entirety as follows:
7.14.4.    Interest Coverage Ratio.

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Not permit the Interest Coverage Ratio for any Computation Period set forth
below to be less than the applicable ratio set forth below for such Computation
Period:
Computation 
Period Ending
Interest 
Coverage Ratio
December 31, 2015
2.25:1.0
March 31, 2016, June 30, 2016 and September 30, 2016
2.50:1.0
December 31, 2016
2.00:1.0
March 31, 2017, June 30, 2017, September 30, 2017, December 31, 2017 and March
31, 2018

1.75:1.0

(q)    Section 7.14.6 of the Credit Agreement is amended and restated in its
entirety as follows:
7.14.6    Capital Expenditures.
Not permit the aggregate amount of all Capital Expenditures made by Holdings and
its Subsidiaries in the Fiscal Year ending December 31, 2015 to exceed
$12,500,000, not permit the aggregate amount of all Capital Expenditures made by
Holdings and its Subsidiaries in the Fiscal Year ending December 31, 2016 and in
the Fiscal Year ending December 31, 2017 to exceed $8,000,000, and not permit
the aggregate amount of all Capital Expenditures made by Holdings and its
Subsidiaries in the Fiscal Quarter ending March 31, 2018 to exceed $3,000,000.
(r)    Annex III to the Credit Agreement is amended by replacing the reference
to "not greater than 2.75" set forth in clause (10) thereof with a reference to
"not greater than 2.50".
(s)    Exhibit B to the Credit Agreement is amended and restated in its entirety
in the form attached as Exhibit B to this Amendment.
2.    Conditions to Effectiveness of Amendment. The effectiveness of this
Amendment is subject to satisfaction of the following conditions precedent:
(a)    Agent shall have received a copy of this Amendment (including the Consent
and Reaffirmation attached hereto), executed by Borrower, each Loan Party,
Required Lenders and each Lender holding any outstanding Term B Loans;
(b)    No Default or Event of Default shall have occurred and be continuing as
of the date of this Amendment;
(c)    On the date hereof, Borrower shall have made (and Agent shall have
received in immediately available funds from Borrower) a voluntary prepayment of
the Term

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B Loans in an amount equal to $6,000,000, which $6,000,000 voluntary prepayment
of the Term B Loans shall be applied to the scheduled installments of the Term B
Loans (after giving effect to this Amendment) in the inverse order of maturity;
(d)    On the date hereof, Agent shall have received $1,500,000 in immediately
available funds from the Cash Reserve Account, which the parties hereto agree
shall be applied as a voluntary prepayment of the Term B Loans (such that, taken
together with the prepayment described in clause (c) immediately above, the Term
B Loans shall be paid down by an aggregate amount equal to $7,500,000 on the
date hereof), which $1,500,000 voluntary prepayment of the Term B Loans shall be
applied to the scheduled installments of the Term B Loans (after giving effect
to this Amendment) in the inverse order of maturity;
(e)    Agent shall have received the Amendment Fee (as defined below) for the
benefit of the applicable Lenders, and Borrower shall have paid all other fees
and expenses (including fees and expenses of counsel to the extent invoiced) of
Agent due and payable as of the date hereof in connection with this Amendment,
the Credit Agreement and the other Loan Documents; and
(f)    Agent shall have received the following documents in form and substance
satisfactory to Agent: (x) unless otherwise deemed to be a post-closing
obligation by Agent, an amendment to the Mortgage in favor of Agent with respect
to the real property owned by Performant Recovery, Inc. located in St. Josephine
County, Oregon (the "Mortgage Modification"), (y) secretary's or officer's
certificates and resolutions with respect to Holdings and each of its
Subsidiaries with respect to the organizational documents of each such Person
and necessary corporate approval by each such Person to enter into this
Amendment, and (z) legal opinions from outside counsel to Holdings and its
Subsidiaries (including Nevada local counsel with respect to Borrower) with
respect to such matters pertaining to this Amendment as are reasonably
determined to be applicable by Agent.
3.    Representations and Warranties. To induce Agent, the Required Lenders and
the Lenders holding outstanding Term B Loans to enter into this Amendment,
Borrower represents and warrants to Agent and Lenders that:
(a)    the execution, delivery and performance of this Amendment has been duly
authorized by all requisite corporate action on the part of Borrower and each
other Loan Party and that this Amendment has been duly executed and delivered by
Borrower and each other Loan Party;
(b)    this Amendment and the Borrower's obligations under the Credit Agreement
as amended hereby constitute the legal, valid and binding obligation of Borrower
and are enforceable against Borrower in accordance with its terms, subject to
bankruptcy, insolvency and similar laws affecting the enforceability of
creditor's rights generally and to general principles of equity;
(c)    the execution and delivery by Borrower and the other Loan Parties of this
Amendment does not require the consent or approval of any Person, except such
consents and approvals as have been obtained;

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(d)    after giving effect to this Amendment, the representations and warranties
of Borrower and each other Loan Party set forth in the Credit Agreement and the
other Loan Documents are true and correct in all material respects with the same
effect as if made on the date hereof (except to the extent such representations
and warranties are stated to relate to a specific earlier date, in which case
such representations and warranties are true and correct in all material
respects as of such earlier date); and
(e)    no Default or Event of Default has occurred and is continuing.
4.    Severability. Any provision of this Amendment held by a court of competent
jurisdiction to be invalid or unenforceable shall not impair or invalidate the
remainder of this Amendment and the effect thereof shall be confined to the
provision so held to be invalid or unenforceable.
5.    References. Any reference to the Credit Agreement contained in any
document, instrument or Credit Agreement executed in connection with the Credit
Agreement shall be deemed to be a reference to the Credit Agreement as modified
by this Amendment.
6.    Amendment Fee. In consideration of the agreements set forth herein, upon
the effectiveness of this Amendment in accordance with, and subject to all of
the conditions specified in Section 3 hereof (other than Section 3(d)), Borrower
agrees to pay to Agent, for the ratable benefit of the respective Lenders
holding amounts of the Term B Loan, an amendment fee equal to 0.50% of the
outstanding principal amount of the Term B Loan as of the date hereof after
giving effect to the $7,500,000 of prepayments of the Term B Loans on the date
hereof described in Section 2 above.
7.    Counterparts; Electronic Transmission. This Amendment may be executed in
one or more counterparts, each of which shall constitute an original, but all of
which taken together shall be one and the same instrument. Facsimile signatures
and other electronic signatures shall also constitute originals.
8.    Release.
(a)    In consideration of the agreements of Agent and Lenders contained herein
and for other good and valuable consideration, the receipt and sufficiency of
which is hereby acknowledged, each of Borrower and each other Loan Party (by
such other Loan Party's execution and delivery of the attached Consent and
Reaffirmation), on behalf of itself and its successors, assigns, and other legal
representatives, hereby absolutely, unconditionally and irrevocably releases,
remises and forever discharges Agent and Lenders, and their successors and
assigns, and their present and former shareholders, affiliates, subsidiaries,
divisions, predecessors, directors, officers, attorneys, employees, agents and
other representatives (Agent, each Lender and all such other Persons being
hereinafter referred to collectively as the "Releasees" and individually as a
"Releasee"), of and from all demands, actions, causes of action, suits,
covenants, contracts, controversies, agreements, promises, sums of money,
accounts, bills, reckonings, damages and any and all other claims,
counterclaims, defenses, rights of set‑off, demands and liabilities whatsoever
(individually, a "Claim" and collectively, "Claims") of every name and nature,
known or unknown, suspected or unsuspected, both at law

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and in equity, Borrower or such Loan Party or any of their successors, assigns,
or other legal representatives may now or hereafter own, hold, have or claim to
have against the Releasees or any of them for, upon, or by reason of any
circumstance, action, cause or thing whatsoever which arises at any time on or
prior to the day and date of this Amendment, for or on account of, or in
relation to, or in any way in connection with any of the Credit Agreement, or
any of the other Loan Documents or transactions thereunder or related thereto.
(b)    Each of Borrower and each other Loan Party understands, acknowledges and
agrees that the release set forth above may be pleaded as a full and complete
defense and may be used as a basis for an injunction against any action, suit or
other proceeding which may be instituted, prosecuted or attempted in breach of
the provisions of such release.
(c)    Each of Borrower and each other Loan Party agrees that no fact, event,
circumstance, evidence or transaction which could now be asserted or which may
hereafter be discovered shall affect in any manner the final, absolute and
unconditional nature of the release set forth herein.
9.    Post-Closing Obligation. Within sixty (60) days after the effectiveness of
this Amendment (or such later date as the Agent may elect in its sole
discretion), the Borrower shall take, complete or otherwise provide for the
following with respect to the real property affected by the Mortgage
Modification (along with, to the extent Agent agrees that the Mortgage
Modification may be executed and delivered on a post-closing basis, executing
and delivering the Mortgage Modification):
(a)    evidence of the recordation of the Mortgage Modification reasonably
satisfactory to Agent, together with a date down endorsement to the existing
title policy in favor of Agent with respect to the Mortgage in favor of Agent
with respect to the real property subject to the lien of such Mortgage affected
by the Mortgage Modification (the "Subject Real Property"), which shall be in
form and substance reasonably satisfactory to the Agent and reasonably assure
the Agent as of the date of such endorsement that the Subject Real Property is
free and clear of all defects and encumbrances except those Liens permitted
under such Mortgage or under the Credit Agreement;
(b)    evidence of payment by the Borrower of all search and examination charges
escrow charges and related charges, mortgage recording taxes, fees, charges,
costs and expenses required for the recording of the Mortgage Modification; and
(c)    such affidavits, certificates, information and instruments of
indemnification as shall be required to induce the title insurance company to
issue the endorsement to the title policy contemplated in this Section and
evidence of payment of all applicable title insurance premiums, search and
examination charges, mortgage recording taxes and related charges required for
the issuance of the endorsement to the title policy contemplated in this
Section.
10.    Ratification. The terms and provisions set forth in this Amendment shall
modify and supersede all inconsistent terms and provisions of the Credit
Agreement and shall not be deemed to be a consent to the modification or waiver
of any other term or condition of

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the Credit Agreement. Except as expressly modified and superseded by this
Amendment, the terms and provisions of the Credit Agreement and each of the
other Loan Documents are ratified and confirmed and shall continue in full force
and effect.
11.    Governing Law. THIS AMENDMENT SHALL BE A CONTRACT MADE UNDER AND GOVERNED
BY THE INTERNAL LAWS OF THE STATE OF ILLINOIS APPLICABLE TO CONTRACTS MADE AND
TO BE PERFORMED ENTIRELY WITHIN SUCH STATE, WITHOUT REGARD TO CONFLICT OF LAWS
PRINCIPLES.
[Signature Pages Follow]

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IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly
executed under seal and delivered by their respective duly authorized officers
on the date first written above.
PERFORMANT BUSINESS SERVICES, INC.
(formerly known as DCS Business Services, Inc.) 

 
By: /s/ Hakan Orvell______________________
Name: Hakan Orvell______________________
Title:  Secretary__________________________

Signature Page to Amendment No. 8 to Credit Agreement

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MADISON CAPITAL FUNDING LLC,
as Agent and a Lender 

By: /s/ Craig Dugan_______________________
Name: Craig Dugan_______________________
Title: VP________________________________

Signature Page to Amendment No. 8 to Credit Agreement

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MCF CLO IV LLC
By:
Madison Capital Funding LLC, as collateral manager 

By: /s/ Brian Ternes____________________
Name: Brian Ternes_______________________
Title: Vice President_______________________

Signature Page to Amendment No. 8 to Credit Agreement

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AUDAX CREDIT OPPORTUNITIES OFFSHORE
LTD., as a Lender

By: /s/ Michael P. McGonigle _______________    
Name: Michael P. McGonigle _______________    
Title: Authorized Signatory__________________
AUDAX SENIOR DEBT (WCTPT) SPV, LLC,
as a Lender

By: /s/ Michael P. McGonigle _______________    
Name: Michael P. McGonigle _______________    
Title: Authorized Signatory__________________
AUDAX CREDIT OPPORTUNITIES (SBA), LLC,
as a Lender

By: /s/ Michael P. McGonigle _______________    
Name: Michael P. McGonigle _______________    
Title: Authorized Signatory__________________
A CMFG LIFE INSURANCE COMPANY,
by Audax Management (NY), LLC, its subadviser
as a Lender

By: /s/ Michael P. McGonigle _______________    
Name: Michael P. McGonigle _______________    
Title: Authorized Signatory__________________

Signature Page to Amendment No. 8 to Credit Agreement

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BancAlliance Inc.
By: AP Commercial LLC, its attorney-in-fact,
as a Lender

By: /s/ John Gray _________________________    
Name: John Gray _________________________    
Title: Executive Vice President______________

Signature Page to Amendment No. 8 to Credit Agreement

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ING Capital LLC,
as a Lender

By: /s/ Marilyn Densel Fulton __________________    
Name: Marilyn Densel Fulton___________________    
Title: Managing Director_______________________
By: /s/ Naresh Purohit_________________________
Name: Naresh Purohit_________________________
Title: Director_______________________________

Signature Page to Amendment No. 8 to Credit Agreement

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MC Funding, Ltd.,
as a Lender

By: Monroe Capital Management, LLC, as Collateral Manager

By: /s/ Jeffrey Williams_______________________    
Name: Jeffrey Williams_______________________    
Title: Managing Director______________________

Signature Page to Amendment No. 8 to Credit Agreement

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MIDCAP FUNDING XVI TRUST,
as a Lender
By: Apollo Capital Management, L.P., its investment manager

By: Apollo Capital Management GP, LLC, its general partner

By: /s/ Maurice Amsellem _____________________    
Name: Maurice Amsellem _____________________    
Title: Authorized Signatory_____________________

Signature Page to Amendment No. 8 to Credit Agreement

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PennantPark Floating Rate Funding, I, LLC,
as a Lender

PennantPark Floating Rate Capital Ltd., as
Designated Manager

By: /s/ Aviv Efrat _________________________    
Name: Aviv Efrat _________________________    
Title: Chief Financial Officer________________

Signature Page to Amendment No. 8 to Credit Agreement

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Saratoga Investment Corp CLO 2013-1, Ltd.,
as a Lender

By: /s/ Pavel Antonov _____________________    
Name: Pavel Antonov _____________________    
Title: Attorney In Fact_____________________

Signature Page to Amendment No. 8 to Credit Agreement

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Wells Fargo Bank, N.A.,
as a Lender

By: /s/ Victor Choi ______________________    
Name: Victor Choi ______________________    
Title: Vice President_____________________

Signature Page to Amendment No. 8 to Credit Agreement

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EMPORIA PREFERRED FUNDING II, LTD.
By: Ivy Hill Asset Management, L.P., as Collateral Manager

By: /s/ Kevin R. Braddish_____________________    
Name: Kevin R. Braddish ____________________    
Title: Duly Authorized Signatory_______________

EMPORIA PREFERRED FUNDING III, LTD.
By: Ivy Hill Asset Management, L.P., as Collateral Manager

By: /s/ Kevin R. Braddish_____________________    
Name: Kevin R. Braddish ____________________    
Title: Duly Authorized Signatory_______________

IVY HILL MIDDLE MARKET CREDIT FUND IV, LTD.
By: Ivy Hill Asset Management, L.P., as Portfolio Manager

By: /s/ Kevin R. Braddish_____________________    
Name: Kevin R. Braddish ____________________    
Title: Duly Authorized Signatory_______________

IVY HILL MIDDLE MARKET CREDIT FUND V, LTD.
By: Ivy Hill Asset Management, L.P., as Portfolio Manager

By: /s/ Kevin R. Braddish_____________________    
Name: Kevin R. Braddish ____________________    
Title: Duly Authorized Signatory_______________

IVY HILL MIDDLE MARKET CREDIT FUND VII, LTD.
By: Ivy Hill Asset Management, L.P., as Asset Manager

Signature Page to Amendment No. 8 to Credit Agreement

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By: /s/ Kevin R. Braddish_____________________    
Name: Kevin R. Braddish ____________________    
Title: Duly Authorized Signatory_______________

IVY HILL MIDDLE MARKET CREDIT FUND IX, LTD.
By: Ivy Hill Asset Management, L.P., as Asset Manager

By: /s/ Kevin R. Braddish_____________________    
Name: Kevin R. Braddish ____________________    
Title: Duly Authorized Signatory_______________

Signature Page to Amendment No. 8 to Credit Agreement

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CONSENT AND REAFFIRMATION
Each of Performant Financial Corporation, Performant Recovery, Inc. (formerly
known as Diversified Collection Services, Inc.) and Performant Technologies,
Inc. (formerly known as Vista Financial, Inc.) (collectively, the "Companies")
hereby (i) acknowledges receipt of a copy of the foregoing Amendment No. 8 to
Credit Agreement dated as of May __, 2017 (the "Amendment"); (ii) consents to
Borrower's execution and delivery of the Amendment and the consummation of the
transactions contemplated thereby; (iii) agrees to be bound by the Amendment
(including by Section 8 of the Amendment); (iv) affirms that nothing contained
in the Amendment shall modify in any respect whatsoever any Loan Document to
which it is a party; and (v) reaffirms that such Loan Documents shall continue
to remain in full force and effect and that its guaranty of the Obligations and
grant of security interests in its assets to secure such guaranty of the
Obligations shall remain in effect in all respects. Although the Companies have
been informed of the matters set forth herein and has acknowledged and agreed to
same, each of the Companies understands that Agent and Lenders have no
obligation to inform either Company of such matters in the future or to seek
acknowledgment of either Company or agreement to future amendments, waivers or
consents, and nothing herein shall create such a duty.
IN WITNESS WHEREOF, the parties hereto have caused this Consent and
Reaffirmation to be duly executed under seal and delivered by their respective
duly authorized officers on and as of the date of the Amendment.
[Signature Page Follows]

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PERFORMANT FINANCIAL CORPORATION 

 
By: /s/ Hakan Orvell    
Name: Hakan Orvell    
Title: Secretary   

PERFORMANT RECOVERY, INC.
(formerly known as Diversified Collection Services, Inc.) 

 
By: /s/ Hakan Orvell    
Name: Hakan Orvell    
Title: Secretary   

PERFORMANT TECHNOLOGIES, INC. (formerly known as Vista Financial, Inc.)  

 
By: /s/ Hakan Orvell    
Name: Hakan Orvell    
Title: Secretary   

Signature Page to Consent and Reaffirmation –Amendment No. 8 to Credit Agreement

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Exhibit B
Form of Compliance Certificate
Please refer to the Credit Agreement dated as of March 19, 2012 (as amended,
restated, amended and restated, supplemented or otherwise modified from time to
time, the "Credit Agreement"), by and among the undersigned ("Borrower"), the
lenders party thereto from time to time, as Lenders, and Madison Capital Funding
LLC, as administrative agent ("Agent"). This certificate (this "Certificate"),
together with supporting calculations attached hereto, is delivered to Agent and
Lenders pursuant to the terms of the Credit Agreement. Terms used but not
otherwise defined herein are used herein as defined in the Credit Agreement.
[Enclosed herewith is a copy of the [annual audited/quarterly/monthly] report of
Borrower as at ________________ (the "Computation Date"), which report fairly
presents in all material respects the financial condition and results of
operations [(subject to the absence of footnotes and to normal year-end
adjustments)] of Borrower as of the Computation Date and has been prepared in
accordance with GAAP consistently applied.]
Borrower hereby certifies and warrants that the computations set forth on the
schedule attached hereto correspond to the ratios contained in the Credit
Agreement and such computations are true and correct as at the [Computation
Date] [date hereof, after giving pro forma effect to the Acquisition (and
related Loans) pursuant to which this certificate is delivered].
Borrower further certifies that no Event of Default or Default has occurred and
is continuing as of the date hereof [except as described on the Schedule
attached hereto].
PERFORMANT BUSINESS SERVICES, INC.
(formerly known as DCS Business Services, Inc.) 

 
By:
Title:

B-1

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Schedule to Compliance Certificate
Dated as of _________________

A. Calculation of EBITDA
1. Consolidated Net Income
$________
2. Plus: Losses from Dispositions, extraordinary items, discontinued operations,
reappraisal, revaluation or write-down of assets 
   interest expense and the Agent's fee 
   income tax expense 
   depreciation 
   amortization 
   charges for impairment of goodwill and 
     other intangibles 
   management fees and reimbursable expenses 
   amortization of debt discounts and commissions
$________
$________
$________
$________
$________

$________
$________

$________
3. Plus: Transaction fees and expenses in connection with this agreement 
   Non-cash expenses in connection with 
   options, deferred compensation and stock options
$________

$________
Transaction Fees in connection with Permitted Acquisitions and Investments
permitted under Sections 7.11(q) and 7.11(s)
$________
Transaction fees and expenses in connection with a successful Qualified IPO
$________
Transaction fees and expenses in connection with an unsuccessful Qualified IPO
$________
Costs and expenses related to Permitted Debt or equity issuances
$________
Non-cash expenses in the form of options granted to Borrower or Holdings and
other non-cash expense with respect to deferred compensation and stock options
$________
severance expenses approved by the Agent
$________
business interruption insurance proceeds
$________

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Non-cash adjustment to the valuation of earnout payments or other consideration
relating to Investments permitted hereunder
$________
cash restructuring charges approved by the Agent in connection with Permitted
Acquisitions and Investments permitted under Sections 7.11(q) and 7.11(s)
$________
non-cash restructuring charges from Permitted Acquisitions or Investments
permitted under Sections 7.11(q) and 7.11(s)
$________
non-cash charges (or minus non-cash gains) relating to various accounting
charges
$________
other extraordinary costs and expenses satisfactory to Agent
$________
non-cash adjustments relating to earn-outs and other investment consideration
$________
any Cure Amount contributed pursuant to Section 7.14.3 (solely for purpose of
determining compliance with Section 7.14.1 and 7.14.2)
$________
the result of (a) the amount collected during such period from the Department of
Education for services performed and invoiced, but for which revenue has not yet
been recognized in Consolidated Net Income, minus (b) revenue from the
Department of Education recognized in Consolidated Net Income during such period
for which cash was received in a prior period and where revenue was not
previously recognized, all subject to the review and reasonable approval of
Agent
$________
CMS Settlement Addback up to $3,000,000 during term of Agreement
$_________

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Fees, costs and expenses re Amendment No. 2
$_________
Fees, costs and expenses re Amendment No. 4, Amendment No. 5, Amendment No. 6,
Amendment No. 7 and Amendment No.8
$_________
Permitted DOE Addbacks
$_________
4. Minus: Gains from Dispositions, extraordinary items, discontinued operations,
reappraisal, revaluation or write-up of assets
$________
5. Total (EBITDA)
$________
B. Section 7.14.2 - Maximum Total Debt to [Adjusted] EBITDA Ratio
1. Total Debt
$________
2. [Adjusted] EBITDA
(from Item A(5) above[, plus Pro Forma EBITDA totaling $______ in the aggregate
for all applicable Permitted Acquisitions in such period (comprising of Pro
Forma Adjusted EBITDA in the following individual amounts with respect to the
following individual Permitted Acquisitions (x) _______, $________, (y) _______,
$________ and (z) _______, $________)])
$________
3. Ratio of (1) to (2)
____ to 1
4. Maximum allowed
____ to 1
C. Section 7.14.4 – Minimum Interest Coverage Ratio
1. EBITDA (from Item [__] above)
$________
2. Interest Expense paid in cash
$________
3. Ratio of (1) to (2)
____ to 1
4. Minimum required
____ to 1
E. Section 7.14.6 - Capital Expenditures
 
1. Capital Expenditures for the [Fiscal Year][Fiscal Quarter]
$________
 
2. Maximum Permitted Capital Expenditures
$[8,000,000][3,000,000]