Exhibit 10.50

BARE ESCENTUALS BEAUTY, INC.

FIRST AMENDMENT TO AMENDED AND RESTATED CREDIT AGREEMENT

This FIRST AMENDMENT TO AMENDED AND RESTATED CREDIT AGREEMENT (this “Amendment”)
is dated as of March 23, 2007 and entered into by and among BARE ESCENTUALS,
INC., a Delaware corporation (“Holdings”), BARE ESCENTUALS BEAUTY, INC., a
Delaware corporation (the “Company”), THE FINANCIAL INSTITUTIONS LISTED ON THE
SIGNATURE PAGES HEREOF, and BNP PARIBAS (“BNP Paribas”), as administrative agent
for Lenders (in such capacity, “Administrative Agent”).  Reference is made to
that certain Amended and Restated Credit Agreement dated as of December 20, 2006
by and among Holdings, Company, the Lenders referenced therein and BNP Paribas,
as Administrative Agent (the “Credit Agreement”). Capitalized terms used herein
without definition shall have the same meanings as set forth in the Credit
Agreement, as amended hereby.

RECITALS

WHEREAS, the Company desires to increase its Permitted Acquisitions capacity
under the Credit Agreement, to reconcile certain conflicting terms in the Credit
Agreement relating to the timing of delivery of Pricing Certificates, and to
make other corrective modifications;

NOW, THEREFORE, in consideration of the premises and the agreements, provisions
and covenants herein contained, the parties hereto agree as follows:

SECTION 1.                                                    AMENDMENTS TO
CREDIT AGREEMENT

A.            Section 1 of the Credit Agreement is hereby amended by deleting
the defined term “Financial Plan”.

B.            Subsection 2.2A(i) of the Credit Agreement is hereby amended by
deleting the words “the 45th day following the end of the most recently
completed Fiscal Quarter” and replacing them with the words “the later of (x)
the 45th day following the end of the most recently completed Fiscal Quarter and
(y) receipt of the applicable Pricing Certificate by the Administrative Agent”.

C.            Subsection 6.1 of the Credit Agreement is hereby amended as
follows:

(i)            Clause (ii) is hereby deleted in its entirety and replaced with
the following:

“Quarterly Financials:  as soon as available and in any event within 60 days
after the end of each Fiscal Quarter, (a) the consolidated balance sheet of
Holdings and its Subsidiaries as at the end of such Fiscal Quarter and the
related consolidated statements of income, stockholders’ equity and cash flows
of Holdings and its Subsidiaries for such Fiscal Quarter and for the period from
the beginning of the then current Fiscal Year to the end of such

--------------------------------------------------------------------------------

 

Fiscal Quarter, setting forth in each case in comparative form the corresponding
figures for the corresponding periods of the previous Fiscal Year, all in detail
reasonably satisfactory to Administrative Agent and certified by the chief
financial officer of Company that they fairly present, in all material respects,
the financial condition of Holdings and its Subsidiaries as at the dates
indicated and the results of their operations and their cash flows for the
periods indicated, subject to changes resulting from audit and normal year-end
adjustments, and (b) a narrative report describing the operations of Holdings
and its Subsidiaries for such Fiscal Quarter and for the period from the
beginning of the then current Fiscal Year to the end of such fiscal quarter;
provided, however, that, so long as Holdings is required to file reports under
Section 13 of the Exchange Act, (x) the requirements of this paragraph with
respect to the first three Fiscal Quarters of any Fiscal Year shall be deemed
satisfied (including the requirements to deliver monthly financial statements)
by the delivery of the quarterly financials of Holdings on Form 10-Q for the
relevant Fiscal Quarter, signed by the duly authorized officer or officers of
Holdings and (y) clause (a) of this paragraph will not require statements of
stockholders’ equity or cash flows with respect to the fourth Fiscal Quarter of
any Fiscal Year;”

 

(ii)           Clause (iii) is hereby amended by deleting the words “and the
corresponding figures from the Financial Plan for the Fiscal Year covered by
such financial statements”;

(iii)          Clause (iv) is hereby amended by deleting the words “45th day”
and replacing it with the words “60th day”.

D.            Subsection 7.3 of the Credit Agreement is hereby amended as
follows:

(i)            Subsection 7.3(x) of the Credit Agreement is hereby amended by
deleting such subsection in its entirety and substituting the following
therefor:

“(x)          Company and any other Subsidiary of Holdings may acquire assets
(including Capital Stock and including Capital Stock of Subsidiaries formed in
connection with any such acquisition) (in each case, a “Permitted Acquisition”)
and continue to own such assets after the acquisition thereof; provided that the
aggregate amount of Cash consideration paid by Company and any other Subsidiary
of Holdings for Permitted Acquisitions shall not exceed $30,000,000 in any one
Fiscal Year or $60,000,000 in the aggregate; and provided further that (i)
Holdings and Company shall, and shall cause its Subsidiaries to, comply with the
requirements of subsections 6.8 and 6.9 with respect to each such acquisition
that results in a Person becoming a Subsidiary, (ii) Company shall have
delivered a disclosure statement updating each of the Schedules to this
Agreement and the other Loan Documents to reflect any factual revisions or
modifications to the information set forth therein resulting from such
acquisition; provided that any such update which alters the substantive effect
of any representation or warranty, covenant or any other term or condition of
this Agreement or any other Loan Document or which discloses an event or
circumstance that, in any case, would otherwise require the consent of
Administrative Agent, Requisite Lenders or Lenders to such modification, event
or circumstance, shall not constitute a modification of this Agreement or any
other Loan Document or a permitted disclosure hereunder or thereunder, and shall
not excuse any Event of Default or Potential Event of Default which may
otherwise arise

2

--------------------------------------------------------------------------------

in connection therewith, without written consent required hereunder of
Administrative Agent, Requisite Lenders or Lenders, as the case may be; and
(iii) after giving effect to such acquisition, the Subsidiaries of Holdings (1)
shall not be engaged in any business not permitted by subsection 7.9, (2) shall
be in compliance on a pro forma basis after giving effect to such acquisition
with each of the financial covenants contained in subsection 7.5, (3) no Event
of Default or Potential Event of Default shall have occurred and be continuing
or would result from such acquisition, (4) the representations and warranties in
Section 5 hereof  (as supplemented in accordance with (ii) above) shall be true,
correct and complete in all material respects on and as of the Permitted
Acquisition closing date to the same extent as though made on and as of that
date (or, to the extent such representations and warranties specifically relate
to an earlier date, such representations and warranties shall have been true,
correct and complete in all material respects on and as of such earlier date),
and (5) Company shall have delivered to Administrative Agent and the Lenders an
Officer’s Certificate to the effect set forth in the foregoing clauses (1)
through (4) and a Compliance Certificate to evidence clause (2);”

(ii)           Subsection 7.3(xii) of the Credit Agreement is hereby amended by
deleting such subsection in its entirety and substituting the following
therefor:

“(xii)        Holdings, Company and the Subsidiary Guarantors may make and own
Investments in Foreign Subsidiaries, provided that the amount of all such
Investments made from and after the Restatement Date minus the amount of all
cash dividends, distributions and other payments received by Holdings, Company
or any of the Subsidiary Guarantors in respect of such Investments after the
Restatement Date shall not at any time exceed $25,000,000, plus any amounts
utilized for Permitted Acquisitions of Foreign Subsidiaries pursuant to clause
(x) above;”

SECTION 2.                                                    REPRESENTATIONS
AND WARRANTIES

In order to induce Lenders and Administrative Agent to enter into this
Amendment, Company and Holdings each represents and warrants to each Lender and
Administrative Agent that the following statements are true, correct and
complete:

(i)            each of Company and Holdings has all requisite corporate power
and authority to enter into this Amendment and to carry out the transactions
contemplated by, and perform its obligations under, the Credit Agreement as
amended by this Amendment (the “Amended Agreement”);

(ii)           the execution and delivery of this Amendment and the performance
of the Amended Agreement have been duly authorized by all necessary corporate
action on the part of Company and Holdings;

(iii)          the execution and delivery by Company and Holdings of this
Amendment and the performance by Company and Holdings of the Amended Agreement
do not and will not (i) violate any provision of any law or any governmental
rule or regulation applicable to Holdings, Company or any of its Subsidiaries
which have not been obtained, the Certificate or Articles of Incorporation or
Bylaws of Holdings, Company or any of its Subsidiaries or any

3

--------------------------------------------------------------------------------

 

order, judgment or decree of any court or other agency of government binding on
Holdings, Company or any of its Subsidiaries, (ii) conflict with, result in a
breach of or constitute (with due notice or lapse of time or both) a default
under any Contractual Obligation of Holdings, Company or any of its
Subsidiaries, (iii) result in or require the creation or imposition of any Lien
upon any of the properties or assets of Holdings, Company or any of its
Subsidiaries (other than Liens created under any of the Loan Documents in favor
of Administrative Agent on behalf of Lenders and other Liens permitted under the
Amended Agreement), or (iv) require any approval of stockholders or any approval
or consent of any Person under any Contractual Obligation of Holdings, Company
or any of its Subsidiaries which have not been obtained, except for with respect
to the foregoing clauses (i) , (ii) and (iv)  above, such violations, conflicts,
breaches, defaults or failures to obtain approvals or consents which could not
reasonably be expected to have, individually or in the aggregate, a Material
Adverse Effect;

 

(iv)          the execution and delivery by Company of this Amendment and the
performance by Holdings and Company of the Amended Agreement do not and will not
require any registration with, consent or approval of, or notice to, or other
action to, with or by, any federal, state or other governmental authority or
regulatory body, except for registrations, consents, approvals, notices and
other actions that have been obtained, given or taken, or the failure of which
to obtain, give or take have not and could not reasonably be expected to have,
individually or in the aggregate, a Material Adverse Effect;

(v)           this Amendment and the Amended Agreement have been duly executed
and delivered by Company and Holdings and are the legally valid and binding
obligations of Company and Holdings, enforceable against Company and Holdings in
accordance with their respective terms, except as may be limited by bankruptcy,
insolvency, reorganization, moratorium or similar laws relating to or limiting
creditors’ rights generally or by equitable principles relating to
enforceability; and

(vi)          no event has occurred and is continuing or will result from the
consummation of the transactions contemplated by this Amendment that would
constitute an Event of Default or a Potential Event of Default.

SECTION 3.                                                    CONDITIONS TO
EFFECTIVENESS

Except as set forth below, this Amendment shall become effective only upon the
receipt by Administrative Agent and Company of written or telephonic notice that
Company, Holdings and the Requisite Lenders have executed this Amendment and
authorized its delivery.

SECTION 4.                                                    MISCELLANEOUS

A.            Reference to and Effect on the Credit Agreement and the Other Loan
Documents.

(i)            On and after the effective date of this Amendment, each reference
in the Credit Agreement to “this Agreement”, “hereunder”, “hereof”, “herein” or
words of like import referring to the Credit Agreement and each reference in the
other Loan Documents to the “Credit Agreement”, “thereunder”, “thereof” or words
of like import

4

--------------------------------------------------------------------------------

 

referring to the Credit Agreement shall mean and be a reference to the Credit
Agreement as amended hereby.

 

(ii)           Except as specifically amended by this Amendment, the Credit
Agreement and the other Loan Documents shall remain in full force and effect and
are hereby ratified and confirmed.

(iii)          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 Administrative Agent
or any Lender under the Credit Agreement or any of the other Loan Documents.

B.            Headings.  Section and subsection headings in this Amendment are
included herein for convenience of reference only and shall not constitute a
part of this Amendment for any other purpose or be given any substantive effect.

C.            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 INTERNAL LAWS OF THE STATE OF NEW YORK (INCLUDING
WITHOUT LIMITATION SECTION 5-1401 OF THE GENERAL OBLIGATIONS LAW OF THE STATE OF
NEW YORK).

D.            Counterparts.  This Amendment may be executed in any number of
counterparts and by different parties hereto in separate 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;
signature pages may be detached from multiple separate counterparts and attached
to a single counterpart so that all signature pages are physically attached to
the same document.

[Remainder of this page intentionally left blank]

5

--------------------------------------------------------------------------------

 

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.

 

COMPANY:

 

 

 

 

 

 

 

 

 

 

 

 

BARE ESCENTUALS BEAUTY, INC.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

By:

/s/ Leslie A. Blodgett

 

 

 

 

 

Name:

Leslie A Blodgett

 

 

 

 

Title:

President, Chief Executive Officer and

 

 

 

 

 

Secretary

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

HOLDINGS:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

BARE ESCENTUALS, INC.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

By:

/s/ Leslie A. Blodgett

 

 

 

 

 

Name:

Leslie A Blodgett

 

 

 

 

Title:

Chief Executive Officer

 

 

--------------------------------------------------------------------------------

 

LENDERS:

BNP PARIBAS,

 

individually and as Administrative Agent

 

 

 

 

 

 

 

By:

/s/ PJ de Filippis

 

 

 

Name:

PJ de Filippis

 

Title:

Managing Director

 

 

 

 

 

 

 

 

 

 

By:

/s/ Cecile Scherer

 

 

 

Name:

Cecile Scherer

 

Title:

Director, Merchant Banking Group

 

--------------------------------------------------------------------------------

 

 

 

 

The Governor and Company of the Bank of

 

 

 

 

Ireland

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

By:

/s/ Paul Clarke

 

 

 

 

 

 

Name:

Paul Clarke

 

 

 

 

Title:

Director

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

By:

/s/ Louise O’Connor

 

 

 

 

 

 

Name:

Louise O’Connor

 

 

 

 

Title:

Vice President

 

--------------------------------------------------------------------------------

 

 

CIBC Inc.

 

 

 

 

 

 

 

By:

/s/Gerald Girardi

 

Name:

Gerald Girardi

 

Title:

Authorized Signatory

 

 

CIBC Inc.

 

S-3

 

--------------------------------------------------------------------------------

 

 

CIT LENDING SERVICES

 

CORPORATION

 

 

 

 

By:

/s/Michael L. LaManes

 

 

 

Name:

Michael L. LaManes

 

Title:

Vice President

 

S-3

 

--------------------------------------------------------------------------------

 

 

 

 

ING PRIME RATE TRUST

 

ING INVESTMENT MANAGEMENT CLO I, Ltd.

By:

ING Investment Management Co.

By:

ING Investment Management Co.

 

as its investment manager

 

as its investment manager

 

 

 

 

 

 

 

/s/Brian S. Horton

 

 

By:

/s/Brian S. Horton

 

 

Name:

Brian S. Horton

Name:

Brian S. Horton

Title:

Senior Vice President

Title:

Senior Vice President

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

ING SENIOR INCOME FUND

 

ING INVESTMENT MANAGEMENT CLO II, LTD.

By:

ING Investment Management Co.

By:

ING Alternative Asset Management LLC,

 

as its investment manager

 

as its investment manager

 

 

 

 

 

 

 

 

By:

/s/Brian S. Horton

 

 

 

/s/Brian S. Horton

 

 

Name:

Brian S. Horton

Name:

Brian S. Horton

Title:

Senior Vice President

Title:

Senior Vice President

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

ING International (II) — Senior Bank Loans Euro

ING INVESTMENT MANAGEMENT CLO III, LTD.

By:

ING Investment Management Co.

By:

ING Alternative Asset Management LLC,

 

as its investment manager

 

as its investment manager

 

 

 

 

 

 

 

 

 

/s/Brian S. Horton

 

 

 

/s/Brian S. Horton

 

 

Name:

Brian S. Horton

Name:

Brian S. Horton

Title:

Senior Vice President

Title:

Senior Vice President

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

ING International (II) — Senior Bank Loans USD

 

ING INVESTMENT MANAGEMENT CLO IV, LTD.

By:

ING Investment Management Co.

By:

ING Alternative Asset Management LLC,

 

as its investment manager

 

as its investment advisor

 

 

 

 

 

 

 

 

 

/s/Brian S. Horton

 

 

 

/s/Brian S. Horton

 

 

Name:

Brian S. Horton

Name:

Brian S. Horton

Title:

Senior Vice President

Title:

Senior Vice President

 

S-3

 

--------------------------------------------------------------------------------

 

 

 

 

WhiteHorse II, Ltd

 

By:

WhiteHorse Capital Partners, L.P.

 

 

As Collateral Manager

 

 

 

 

 

 

 

By:

/s/Ethan Underwood

 

 

 

Name:

Ethan Underwood

 

Title:

Portfolio Manager

 

S-4

--------------------------------------------------------------------------------

 

Denali Capital LLC, managing member of DC

 

Funding Partners LLC, portfolio manager for

 

DENALI CAPITAL CLO I, LTD., or an affiliate

 

 

 

 

 

 

 

By:

/s/Kelli C. Marti

 

Name:

Kelli C. Marti

 

Title:

Senior Vice President

 

S-3

 

--------------------------------------------------------------------------------

 

 

 

Denali Capital LLC, managing member of

 

 

DC Funding Partners LLC, portfolio manager for

 

 

DENALI CAPITAL CLO III, LTD., or an affiliate

 

 

 

 

 

 

 

 

 

 

 

 

By:

/s/Kelli C. Marti

 

 

Name:

Kelli C. Marti

 

 

Title:

Senior Vice President

 

 

S-3

 

--------------------------------------------------------------------------------

 

 

 

Denali Capital LLC, managing member of

 

 

DC Funding Partners LLC, portfolio manager for

 

 

DENALI CAPITAL CLO IV, LTD., or an affiliate

 

 

 

 

 

 

 

 

 

 

 

 

By:

/s/Kelli C. Marti

 

 

Name:

Kelli C. Marti

 

 

Title:

Senior Vice President

 

 

S-3

 

--------------------------------------------------------------------------------

 

 

 

VAN KAMPEN

 

 

SENIOR INCOME TRUST

 

 

By:

Van Kampen Asset Management

 

 

 

 

 

 

 

 

 

 

By:

/s/Christina Jamieson

 

 

Name:

Christina Jamieson

 

 

Title:

Managing Director

 

 

 

S-3

 

--------------------------------------------------------------------------------

 

 

 

VAN KAMPEN

 

 

SENIOR LOAN FUND

 

 

By:

Van Kampen Asset Management

 

 

 

 

 

 

 

 

 

 

 

 

By:

/s/Christina Jamieson

 

 

Name:

Christina Jamieson

 

 

Title:

Managing Director

 

 

S-3

 

--------------------------------------------------------------------------------

 

 

 

LightPoint CLO III, Ltd.

 

 

LightPoint CLO IV, Ltd.

 

 

LightPoint CLO V, Ltd.

 

 

 

 

 

 

 

 

 

 

 

 

By:

/s/Colin Donlan

 

 

Name:

Colin Donlan

 

 

Title:

Director

 

 

S-3

 

--------------------------------------------------------------------------------

 

 

 

CYPRESSTREE CLAIF FUNDING LLC

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

By:

/s/Kristi Milton

 

 

 

 

Name:

Kristi Milton

 

 

Title:

Assistant Vice President

 

 

 

S-3

 

--------------------------------------------------------------------------------

 

 

 

 

ULT CBNA Loan Funding LLC, for itself or as agent for

 

 

ULT CFPI Loan Funding LLC

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

By:

/s/Patrick Reichart

 

 

 

 

Name:

Patrick Reichart

 

 

Title:

Attorney-in-fact

 

 

S-3

 

--------------------------------------------------------------------------------

 

 

 

Stanfield Vantage CLO, Ltd

 

 

By:

Stanfield Capital Partners, LLC

 

 

 

as its Asset Manager

 

 

 

 

 

 

 

 

 

 

 

 

By:

/s/David Frey

 

 

 

 

Name:

David Frey

 

 

Title:

Managing Director

 

 

S-3

 

--------------------------------------------------------------------------------

 

 

 

Stanfield Arbitrage CDO, Ltd

 

 

By:

Stanfield Capital Partners, LLC

 

 

 

as its Collateral Manager

 

 

 

 

 

 

 

 

 

 

 

 

By:

/s/David Frey

 

 

 

 

Name:

David Frey

 

 

Title:

Managing Director

 

 

S-3

 

--------------------------------------------------------------------------------

 

 

 

 

Stanfield Carrera CLO, Ltd

 

 

By:

Stanfield Capital Partners, LLC

 

 

 

as its Asset Manager

 

 

 

 

 

 

 

 

 

 

 

 

By:

/s/David Frey

 

 

 

 

Name:

David Frey

 

 

Title:

Managing Director

 

 

S-3

 

--------------------------------------------------------------------------------

 

 

 

Stanfield Bristol CLO, Ltd

 

 

By:

Stanfield Capital Partners, LLC

 

 

 

as it Collateral Manager

 

 

 

 

 

 

 

 

 

 

 

 

By:

/s/David Frey

 

 

 

 

Name:

David Frey

 

 

Title:

Managing Director

 

 

S-3

 

--------------------------------------------------------------------------------

 

 

 

LENDERS:

 

WhiteHorse I, Ltd

 

 

By:

WhiteHorse Capital Partners, L.P.

 

 

 

As Collateral Manager

 

 

 

 

 

 

 

 

 

 

 

 

By:

/s/Ethan Underwood

 

 

 

 

Name:

Ethan Underwood

 

 

Title:

Portfolio Manager

 

S-3

 

--------------------------------------------------------------------------------

 

 

WhiteHorse III, Ltd.

 

By:

WhiteHorse Capital Partners, L.P.

 

 

As Collateral Manager

 

 

 

 

By:

/s/Ethan Underwood

 

 

 

Name:

Ethan Underwood

 

Title:

Portfolio Manager

 

 

 

S-5

--------------------------------------------------------------------------------

 

 

 

Denali Capital LLC, managing member of

 

 

DC Funding Partners LLC, portfolio manager for

 

 

DENALI CAPITAL CLO V, LTD., or an affiliate

 

 

 

 

 

 

 

 

By:

 

/s/Kelli C. Marti

 

 

 

Name:

Kelli C. Marti

 

 

Title:

Senior Vice President

 

 

 

S-3

--------------------------------------------------------------------------------

 

 

 

 

 

 

EAGLE CREEK CLO, LTD

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

By:

/s/Richard M. Matas

 

 

 

 

 

 

Name:

Richard M. Matas

 

 

 

 

Title:

Authorized Signor

 

 

S-3

--------------------------------------------------------------------------------

 

 

 

 

 

Denali Capital LLC, managing member of

 

 

 

 

DC Funding Partners LLC, Porfolio manager for DENALI

 

 

 

 

CAPITAL CREDIT OPPORTUNITY FUND FINANCING.

 

 

 

 

LTD., or an affiliate

 

 

 

 

 

 

 

 

 

 

 

 

 

 

By:

/s/Kelli C. Marti

 

 

 

 

Name:

Kelli C. Marti

 

 

 

 

Title:

Senior Vice President

 

 

S-3

--------------------------------------------------------------------------------

 

 

 

 

 

Loan Star State Trust

 

 

 

 

By:

Highland Capital Management, L.P., As Collateral Manager

 

 

 

 

By:

Strand Advisors, Inc., its Investment Advisor

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

By:

/s/Brian Lohrding

 

 

 

 

 

 

Name:

Brian Lohrding, Treasurer

 

 

 

 

Title:

Strand Advisors, Inc.,

 

 

 

 

 

General Partner of

 

 

 

 

 

Highland Capital Managment, L.P.

 

 

 

S-3

--------------------------------------------------------------------------------

 

 

 

 

 

[ILLEGIBLE] CLO, Ltd.

 

 

 

 

By:

Highland Capital Management, L.P., As Collateral Manager

 

 

 

 

By:

Strand Advisors, Inc., its General Partner

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

By:

 

/s/Brian Lohrding

 

 

 

 

 

 

Name:

 

Brian Lohrding, Treasurer

 

 

 

 

Title:

 

Strand Advisors, Inc.,

 

 

 

 

 

 

General Partner of

 

 

 

 

 

 

Highland Capital Managment, L.P.

 

 

 

S-3

--------------------------------------------------------------------------------

 

 

 

DUANE STREET CLO I, LTD.

 

By:

DiMaio Ahmad Capital LLC, as

 

Collateral Manager

 

 

 

 

 

 

 

 

 

 

By:

/s/Paul Travers

 

 

 

Name:

Paul Travers

 

Title:

Managing Director

 

 

S-3

--------------------------------------------------------------------------------

 

 

 

 

Landmark VI CDO Limited

 

 

By:

Aladdin Capital Management, LLC.

 

 

 

as Manager

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

By:

/s/John J.D’Angelo

 

 

 

 

Name:

John J.D’Angelo

 

 

Title:

Authorized Signatory

 

 

 

S-3

--------------------------------------------------------------------------------

 

 

 

 

BALLANTYNE FUNDING LLC

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

By:

/s/Kristi Milton

 

 

 

 

Name:

Kristi Milton

 

 

Title:

Assistant Vice President

 

 

S-3

--------------------------------------------------------------------------------

 

 

 

 

Halcyon Structured Asset Management CLO I LTD.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

By:

/s/James W. Sykes

 

 

 

 

Name:

James W. Sykes

 

 

Title:

Managing Principal

 

 

S-3

--------------------------------------------------------------------------------

 

 

 

Evergreen CBNA Loan Funding LLC

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

By:

/s/Erich VanRavenswaay

 

 

 

 

Name:

Erich VanRavenswaay

 

 

Title:

Assistant Vice President

 

 

S-3

--------------------------------------------------------------------------------

 

 

 

 

Grand Central Asset Trust, HLD Series

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

By:

/s/Erich VanRavenswaay

 

 

 

 

Name:

Erich VanRavenswaay

 

 

Title:

Assistant Vice President

 

 

S-3

--------------------------------------------------------------------------------

 

 

 

 

Rockwall CDO LTD.

 

 

By:

Highland Capital Management, L.P.

 

 

As Collateral Manager

 

 

By:

Strand Advisors, Inc., Its General Partner

 

 

 

 

 

 

 

By:

/s/Brian Lohrding

 

 

 

 

Name:

Brian Lohrding, Treasurer

 

 

Title:

Strand Advisors, Inc.

 

 

 

General Partner of

 

 

 

Highland Capital Management, L.P.

 

 

 

S-3

--------------------------------------------------------------------------------

 

 

 

 

Highland Credit Opportunities CDO Ltd

 

 

By:

Highland Capital Management, L.P.

 

 

As Collateral Manager

 

 

By:

Strand Advisors, Inc., Its General

 

 

Partner

 

 

 

 

 

 

 

 

 

 

 

 

By:

/s/Brian Lohrding

 

 

 

 

Name:

Brian Lohrding, Treasurer

 

 

Title:

Strand Advisors, Inc.

 

 

 

General Partner of

 

 

 

Highland Capital Management, L.P.

 

 

S-3

--------------------------------------------------------------------------------

 

 

 

 

 

 

Denali Capital LLC, managing member of

 

 

 

 

DC Funding Partners LLC, Porfolio manager for

 

 

 

 

DENALI CAPITAL CLO VI, LTD., or an affiliate

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

By:

/s/Kelli C. Marti

 

 

 

 

 

Name:

Kelli C. Marti

 

 

 

 

Title:

Senior Vice President

 

 

S-3

--------------------------------------------------------------------------------

 

 

 

Aerlie CLO 2006-1 Ltd

 

 

 

 

 

 

 

 

 

 

 

By:

/s/Alex Tuff

 

 

 

Name:

Alex Tuff

 

Title:

Head of Bank Dept

 

 

S-3

--------------------------------------------------------------------------------

 

 

 

 

 

 

FALL CREEK CLO, LTD.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

By:

/s/Richard M. Matas

 

 

 

 

 

 

Name:

Richard M. Matas

 

 

 

 

Title:

Authorized Signor

 

 

S-3

--------------------------------------------------------------------------------

 

 

 

 

 

By:

Callidus Debt Partners CLO Fund IV Ltd

 

 

 

By:

Its Collateral Manager,

 

 

 

Callidus Capital Management, LLC.

 

 

 

 

 

 

 

 

 

 

By:

/s/Peter R. Bennitt

 

 

 

 

Name:

PETER R. BENNITT

 

 

 

Title:

PRINCIPAL

 

 

S-3

--------------------------------------------------------------------------------

 

 

 

 

 

 

By:

Callidus Debt Partners CLO Fund V. Ltd.

 

 

 

 

By:

Its Collateral Manager,

 

 

 

 

 

 

 

Calidus Capital Management, LLC.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

By:

/s/Peter R. Bennitt

 

 

 

 

Name:

PETER R. BENNITT

 

 

 

 

Title:

PRINCIPAL

 

 

S-3

--------------------------------------------------------------------------------

 

 

 

 

 

 

By:

MAPS CLO Fund I, LLC

 

 

 

 

By:

Its Collateral Manager,

 

 

 

 

Calidus Capital Management, LLC.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

By:

/s/Peter R. Bennitt

 

 

 

 

Name:

PETER R. BENNITT

 

 

 

 

Title:

PRINCIPAL

 

 

S-3

--------------------------------------------------------------------------------

 

 

 

WhiteHorse IV, Ltd.

 

 

 

By: WhiteHorse Capital Partners, L.P.

 

 

 

As Collateral Manager

 

 

 

 

 

 

 

By:

 

/s/ Ethan Underwood

 

 

Name:

 

Ethan Underwood

 

 

Title:

 

Portfolio Manager

 

S-6

--------------------------------------------------------------------------------

 

 

 

 

Mountain View Funding CLO 2006-I, Ltd.

 

By: Seix Advisors, a fixed income division of

 

Trusco Capital Management, Inc., as Collateral
Manager

 

 

 

 

 

 

 

 

 

By:

 

/s/ George Goudelias

 

Name:

 

George Goudelias

 

Title:

 

PM, Seix Advisors

 

 

 

 

S-3

--------------------------------------------------------------------------------

 

 

 

DUNES FUNDING LLC

 

 

 

 

 

 

 

 

 

By:

 

/s/ Kristi Milton

 

Name:

 

Kristi Milton

 

Title:

 

Assistant Vice President

 

 

 

S-3

--------------------------------------------------------------------------------

 

 

 

Ballyrock CLO II Limited

 

BALLYROCK Investment Advisors LLC, as

 

Collateral Manager

 

 

 

 

 

 

 

 

 

By:

 

/s/ Lisa Rymut

 

Name:

 

Lisa Rymut

 

Title:

 

Assistant Treasurer

 

 

 

 

 

S-3

--------------------------------------------------------------------------------

 

 

 

Ballyrock CLO III Limited

 

BALLYROCK Investment Advisors LLC, as

 

Collateral Manager

 

 

 

 

 

 

 

 

 

By:

 

/s/ Lisa Rymut

 

Name:

 

Lisa Rymut

 

Title:

 

Assistant Treasurer

 

 

 

 

S-3

--------------------------------------------------------------------------------

 

 

 

Fraser Sullivan CLO I Ltd.

 

By: Fraser Sullivan Investment Management,

 

LLC, as Collateral Manager

 

 

 

 

 

 

 

 

 

By:

 

/s/ Tighe P. Sullivan

 

Name:

 

Tighe P. Sullivan

 

Title:

 

Managing Partner

 

 

 

 

S-3

--------------------------------------------------------------------------------

 

 

 

[ILLEGIBLE]

 

By: Highland Capital Management, L.P.

 

As Collateral Manager

 

By: Strand Advisors, Inc.

 

as General Partner

 

 

 

 

 

 

 

 

 

By:

 

/s/ Brian Lohrding

 

Name:

 

Brian Lohrding, Treasurer

 

Title:

 

Strand Advisors, Inc.
General Partner of
Highland Capital Management L.P.

 

 

 

 

 

 

S-3

--------------------------------------------------------------------------------

 

 

 

Highland Floating Rate Advantage Fund

 

 

 

 

 

 

 

 

 

By:

 

/s/ M. Jason Blackburn

 

Name:

 

M. Jason Blackburn

 

Title:

 

Treasurer

 

 

 

 

S-3

--------------------------------------------------------------------------------

 

 

 

Southfork CLO, Ltd.

 

By: Highland Capital Management, L.P.

 

As Collateral Manager

 

By: Strand Advisors, Inc.

 

as General Partner

 

 

 

 

 

 

 

 

 

By:

 

/s/ Brian Lohrding

 

Name:

 

Brian Lohrding, Treasurer

 

Title:

 

Strand Advisors, Inc.
General Partner of
Highland Capital Management L.P.

 

 

 

 

S-3

--------------------------------------------------------------------------------

 

 

 

Halcyon Structured Asset Management Long

 

Secured/Short Unsecured CLO 2006-1 LTD.

 

 

 

 

 

 

 

 

 

By:

 

/s/ James W. Sykes

 

Name:

 

James W. Sykes

 

Title:

 

Managing Principal

 

 

 

S-3

--------------------------------------------------------------------------------

 

 

 

Halcyon Structured Asset Management Long

 

Secured/Short Unsecured CLO II LTD.

 

 

 

 

 

 

 

 

 

By:

 

/s/ James W. Sykes

 

Name:

 

James W. Sykes

 

Title:

 

Managing Principal

 

 

 

 

S-3

--------------------------------------------------------------------------------

 

 

 

CS Advisors CLO I Ltd.

 

By: Capital Sourse Advisors LLC, As Portfolio Manager

 

And attorney-in-fact

 

 

 

 

 

 

 

 

 

By:

 

/s/ Charles A. Stearas

 

Name:

 

Charles A. Stearas

 

Title:

 

Vice President

 

 

 

 

 

 

S-3

--------------------------------------------------------------------------------

 

 

 

Stanfield AZURE CLO, Ltd.

 

By: Stanfield Capital Partners, LLC

 

as its Collateral Manager

 

 

 

 

 

 

 

 

 

By:

 

/s/ David Frey

 

Name:

 

David Frey

 

Title:

 

Managing Director

 

 

 

 

 

 

S-3

--------------------------------------------------------------------------------

 

 

 

 

Stanfield Modena CLO, Ltd.

 

By: Stanfield Capital Partners, LLC

 

as its Asset Manager

 

 

 

 

 

 

 

 

 

By:

 

/s/ David Frey

 

Name:

 

David Frey

 

Title:

 

Managing Director

 

 

 

 

 

S-3

--------------------------------------------------------------------------------

 

 

 

 

Stanfield Quattro CLO, Ltd.

 

By: Stanfield Capital Partners, LLC

 

As its Collateral Manager

 

 

 

 

 

 

 

 

 

By:

 

/s/ David Frey

 

Name:

 

David Frey

 

Title:

 

Managing Director

 

 

 

 

 

S-3

--------------------------------------------------------------------------------

 

 

 

 

Stanfield Veyron CLO, Ltd.

 

By: Stanfield Capital Partners, LLC

 

as its Collateral Manager

 

 

 

 

 

 

 

 

 

By:

 

/s/ David Frey

 

Name:

 

David Frey

 

Title:

 

Managing Director

 

 

 

 

 

S-3

--------------------------------------------------------------------------------

 

 

 

 

CREDIT SUISSE INTERNATIONAL

 

 

 

 

 

 

 

 

 

By:

 

/s/ Melanie Harrier

 

Name:

 

Melanie Harrier

 

Title:

 

Assistant Vice President Operations

 

 

 

 

S-3

--------------------------------------------------------------------------------

 

 

 

 

STERLING FARMS FUNDING LLC

 

 

 

 

 

 

 

 

 

By:

 

/s/ Kristi Milton

 

Name:

 

Kristi Milton

 

Title:

 

Assistant Vice President

 

 

 

 

 

S-3

--------------------------------------------------------------------------------

 

 

 

 

Telos CLO 2006-1, LTD

 

 

 

 

 

 

 

 

 

By:

 

/s/ Jonathan Tepper

 

Name:

 

Jonathan Tepper, as A-I-F

 

Title:

 

Principal

 

 

 

 

S-3

--------------------------------------------------------------------------------

 

 

 

 

Greyrock CDO LTD

 

By: Aladdin Capital Management, LLC

 

      as Manager

 

 

 

 

 

By:

 

/s/ John J. D’Angelo

 

Name:

 

John J. D’Angelo

 

Title:

 

Authorized Signatory

 

 

 

 

 

 

S-3

--------------------------------------------------------------------------------

 

 

 

 

Landmark VIII CDO Limited

 

By: Aladdin Capital Management, LLC

 

      as Manager

 

 

 

 

 

By:

 

/s/ John J. D’Angelo

 

Name:

 

John J. D’Angelo

 

Title:

 

Authorized Signatory

 

 

 

 

 

 

 

S-3

--------------------------------------------------------------------------------

 

 

 

FM Leveraged Capital Fund II

 

By: GSO Capital Partners LP as Subadviser to

 

FriedbergMilstein LLC

 

 

 

 

 

By:

 

/s/ Melissa Marano

 

Name:

 

Melissa Marano

 

Title:

 

Authorized Signatory

 

 

 

 

 

S-3

--------------------------------------------------------------------------------

 

 

 

Landmark IX CDO Limited

 

By: Aladdin Capital Management, LLC

 

      as Manager

 

 

 

 

 

By:

 

/s/ John J. D’Angelo

 

Name:

 

John J. D’Angelo

 

Title:

 

Authorized Signatory

 

 

 

 

 

S-3

--------------------------------------------------------------------------------

 

 

 

 

Aerlie CLO 2006-II Ltd.

 

 

 

 

 

 

 

 

 

By:

 

/s/ Alex Tuff

 

Name:

 

Alex Tuff

 

Title:

 

Head of BankDebt

 

 

 

 

 

 

S-3

--------------------------------------------------------------------------------

 

 

 

 

Ballyrock CLO 2006-I Limited

 

BALLYROCK Investment Advisors LLC, as

 

Collateral Manager

 

 

 

 

 

 

 

 

 

By:

 

/s/ Lisa Rymut

 

Name:

 

Lisa Rymut

 

Title:

 

Assistant Treasurer

 

 

 

 

 

S-3

--------------------------------------------------------------------------------

 

 

 

Fraser Sullivan CLO II Ltd.

 

By: Fraser Sullivan Investment Management,

 

LLC, as Collateral Manager

 

 

 

 

 

 

 

 

 

By:

 

/s/ Tighe P. Sullivan

 

Name:

 

Tighe P. Sullivan

 

Title:

 

Managing Partner

 

 

S-3

--------------------------------------------------------------------------------

 

 

 

 

 

 

Mountain View CLO II, Ltd.

 

 

 

 

By:

Seix Advisors, a fixed income division of

 

 

 

 

Trusco Capital Management, Inc., as Collateral

 

 

 

 

Manager

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

By:

/s/George Goudelias

 

 

 

 

 

 

Name:

George Goudelias

 

 

 

 

Title:

PM, Seix Advisors

 

--------------------------------------------------------------------------------

 

 

 

 

 

 

Ballyrock CLO 2006-2 LTD

 

 

 

 

BALLYROCK Investment Advisors LLC, as

 

 

 

 

Collateral Manager

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

By:

/s/Lisa Rymut

 

 

 

 

 

 

Name:

Lisa Rymut

 

 

 

 

Title:

Assistant Treasurer

 

 

S-3

--------------------------------------------------------------------------------

 

 

 

 

 

 

FriedbergMilstein Private Capital Fund I

 

 

 

By:

GSO Capital Partners LP as Subadviser to

 

 

 

 

FriedbergMilstein LLC

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

By:

/s/Melissa Marano

 

 

 

 

 

Name:

Melissa Marano

 

 

 

 

Title:

Authorize Signatory

 

 

S-3

--------------------------------------------------------------------------------

 

 

 

 

 

 

CANARAS SUMMIT CLO LIMITED

 

 

 

 

By: BNP Parlbas New York Branch

 

 

 

 

As attorney-in-fact

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

By:

/s/Samrah Kazmi

 

 

 

 

Name:

Samrah Kazmi

 

 

 

 

Title:

Vice President

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

CANARAS SUMMIT CLO LIMITED

 

 

 

By: BNP Parlbas New York Branch

 

 

 

 

As attorney-in-fact

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

By:

[ILLEGIBLE]

 

 

 

 

Name:

 

 

 

 

 

Title:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

S-3

--------------------------------------------------------------------------------

 

 

 

 

 

 

By:

MAPS CLO Fund II, Ltd.

 

 

 

 

By:

Its Collateral Manager

 

 

 

 

Callidus Capital Management, LLC

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

By:

/s/Peter R. Bennitt

 

 

 

 

Name:

Peter R. Bennitt

 

 

 

 

Title:

PRINCIPAL

 

 

S-3

--------------------------------------------------------------------------------

 

 

 

 

 

 

Halcyon Sturctured Asset Management Long

 

 

 

 

Secured/Short Unsecured CLO III LTD.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

By:

/s/James W. Sykes

 

 

 

 

 

 

Name:

James W. Sykes

 

 

 

 

Title:

Managing Principal

 

 

S-3

--------------------------------------------------------------------------------

 

 

 

 

 

 

By:

Callidus Debt Partners CLO Fund VI, Ltd

 

 

 

 

By:

Its Collateral Manager

 

 

 

 

Callidus Capital Management, LLC

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

By:

/s/Peter R. Bennitt

 

 

 

 

 

Name:

Peter R. Bennitt

 

 

 

 

Title:

PRINCIPAL

 

 

S-3

--------------------------------------------------------------------------------

 

 

 

 

 

 

PREMIER FUNDING LTD.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

By:

 

/s/Kyle C. Sliger

 

 

 

 

 

 

Name:

 

Kyle C. Sliger

 

 

 

 

Title:

 

Authorized Signatory

 

S-3

--------------------------------------------------------------------------------