EXHIBIT 10.1

AMENDMENT NO. 3

AMENDMENT NO. 3 dated as of August 30, 2012 among The GEO Group, Inc., a Florida
corporation (the “Borrower”), its Subsidiaries listed on the signature pages
hereto, and BNP Paribas, in its capacity as Administrative Agent under the
Credit Agreement referred to below (the “Administrative Agent”) pursuant to
authority granted to it by the Required Lenders.

The Borrower, the Lenders party thereto and the Administrative Agent are parties
to a Credit Agreement dated as of August 4, 2010 (as amended by Amendment No. 1
dated as of February 8, 2011, by Amendment No. 2 dated as of May 2, 2011 and as
the same may be further modified and supplemented and in effect from time to
time, the “Credit Agreement”), providing, subject to the terms and conditions
thereof, for extensions of credit (by means of loans and letters of credit) to
be made by the Lenders to the Borrower in an aggregate principal or face amount
not exceeding $1,000,000,000.

The Borrower intends to indirectly acquire 100% of the partnership interests of
Municipal Corrections Finance, L.P. (“MCF”) in a Permitted Acquisition (as a
result of which MCF shall become a Restricted Subsidiary hereunder), and, in
connection therewith, on or before the Business Day following the effective date
of such Permitted Acquisition, the MCF Bonds shall be redeemed.

The Borrower has requested, and the Lenders party hereto have agreed, that the
Credit Agreement be amended in certain respects on the terms and conditions
hereof, and accordingly the parties hereto hereby agree as follows:

Section 1. Definitions; Section References. Except as otherwise defined in this
Amendment No. 3 or as the context requires, terms defined in the Credit
Agreement are used herein as defined therein, and references to Sections mean
the respective Sections of the Credit Agreement.

Section 2. Amendments.

2.01. References Generally. References in the Loan Documents to the Credit
Agreement (including in the Credit Agreement to the “Agreement”), shall be
deemed to be references to the Credit Agreement as amended hereby.

2.02. Amendments to the Credit Agreement. Subject to the satisfaction of the
conditions precedent specified in Section 3 below, but effective as of the date
hereof, the Credit Agreement shall be amended as follows:

(a) Definitions.

(i) The following new defined terms shall be inserted into Section 1.01 in the
appropriate alphabetical order:

“Amendment No. 3” means Amendment No. 3 to this Agreement dated as of August 30,
2012.

“Amendment No. 3 Effective Date” means the date on which the amendments
contemplated by Amendment No. 3 become effective.

“MCF” Indenture” means that certain Indenture dated as of August 1, 2001,
between MCF, as Issuer, and The Bank of New York Mellon Trust Company, N.A.,
successor to The Bank of New York Trust Company, N.A., successor to The Chase
Manhattan Bank, as Trustee and Securities Intermediary, as supplemented by that
certain First Series Supplement thereto, dated as of August 1, 2001, under which
MCF issued the MCF Bonds.

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(ii) The following sentence shall be added at the end of the definition of the
“Unrestricted Cash”:

“Notwithstanding the foregoing, from and after the consummation of the
acquisition of the MCF by the Borrower, cash held by any trustee, collateral
agent or paying agent under the MCF Indenture, and cash held in the MCF Escrow
Account established pursuant to the MCF Escrow Agreement (as defined in the MCF
Indenture), shall be deemed “Unrestricted Cash” to the extent such cash is to be
applied to the redemption of the MCF Bonds in full on or before the Business Day
following the acquisition of MCF by the Borrower or returned to MCF upon the
full redemption of the MCF Bonds; provided that in computing any financial
covenants hereunder, there shall be no double-counting of any such cash.”

(iii) The following sentence shall be added at the end of the definition of
“EBITDA”:

“For avoidance of doubt, the Make-Whole Premium (as defined in the MCF
Indenture) and expenses paid in respect of the redemption of the MCF Bonds shall
be deemed a transaction expense related to the acquisition of MCF.”

(b) The first sentence of the second paragraph of Section 2.01(d) shall be
amended to read as follows:

“Anything herein to the contrary notwithstanding, (i) the minimum aggregate
principal amount of Incremental Loan Commitments entered into pursuant to any
such request (and, accordingly, the minimum aggregate principal amount of any
Series of Incremental Loans) shall be (A) $20,000,000 or a larger multiple of
$1,000,000 or (B) any other amount consented to by the Administrative Agent and
(ii) the aggregate principal amount of all Incremental Loan Commitments
established after the Amendment No. 3 Effective Date plus the aggregate
principal amount of all Revolving Credit Commitment Increases obtained after the
Amendment No. 3 Effective Date shall not exceed $250,000,000.”

(c) Section 2.08(e)(i)(B) shall be amended to read as follows:

“(B) the aggregate principal amount of all Incremental Loan Commitments
established after the Amendment No. 3 Effective Date plus the aggregate
principal amount of all Revolving Credit Commitment Increases obtained after the
Amendment No. 3 Effective Date shall not exceed $250,000,000;”

(d) Section 6.01 shall be amended by deleting “and” at the end of paragraph
(j) thereof, replacing the period with “; and” at the end of paragraph
(k) thereof and adding a new paragraph (l) thereto reading as follows:

“(l) Indebtedness evidenced by the MCF Bonds provided that the same will be
redeemed in full on or before the Business Day following the acquisition of
MCF.”

Amendment No. 3

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(e) Section 6.05(c) shall be amended to read as follows:

“(c) if no Default shall have occurred and be continuing or would result
therefrom, the Borrower may declare, pay and make Restricted Payments in an
aggregate amount after the date hereof not exceeding the sum of (i) $50,000,000
after the Amendment No. 3 Effective Date plus (ii) the lesser of $50,000,000 or
the sum of (x) the aggregate amount of Net Available Proceeds from Equity
Issuances received by the Borrower after the Amendment No. 1 Effective Date not
required to prepay Loans pursuant to Section 2.10 hereof and not used for any
other purpose plus (y) 50% of the aggregate value of all capital stock issued by
the Borrower after the Amendment No. 1 Effective Date as consideration for
Permitted Acquisitions;”

(f) Section 6.05(d)(iii) shall be amended to read as follows:

“(iii) the Pro Forma Senior Secured Leverage Ratio on the date of such
Restricted Payment shall not exceed 2.75 to 1.00.”

(g) The proviso in Section 7.01(g) shall be amended to read as follows:

“provided that this clause (g) shall not apply to (i) Indebtedness that becomes
due as a result of (x) the voluntary sale or transfer of property or assets or
any casualty in respect of property or assets or (y) the furnishing of a notice
of redemption or prepayment of such Indebtedness in connection with a
refinancing or replacement thereof permitted by Section 6.01 or Section 6.13 or
(ii) the MCF Bonds, if the MCF Bonds are redeemed in full on or before the
Business Day following the acquisition of MCF by the Borrower.”

Section 3. Representations and Warranties. The Borrower represents and warrants
to the Lenders and the Administrative Agent, that: (a) the representations and
warranties set forth in Article III (as hereby amended) of the Credit Agreement,
and in each of the other Loan Documents, are true and complete on the date
hereof as if made on and as of the date hereof (or, if any such representation
or warranty is expressly stated to have been made as of a specific date, such
representation or warranty shall be true and correct as of such specific date),
and as if each reference in said Article III to “this Agreement” included
reference to this Amendment No. 3 and (b) no Default has occurred and is
continuing. All references herein to “the date hereof” mean references to the
date of the Credit Agreement.

Section 4. Conditions Precedent. The amendments set forth in Section 2 hereof
shall become effective on the date that each of the following conditions shall
have been satisfied:

(a) Each Lender which has provided its consent to the Amendment No. 3 shall have
received an amendment work fee equal to 3 basis points of the sum of such
Lender’s total Revolving Credit Exposure, outstanding Term Loans, outstanding
Incremental Loans and unused Commitments (without giving effect to the Series
A-3 Incremental Loan Agreement to be entered on or about the date hereof).

(b) the Administrative Agent shall have received counterparts of this Amendment
No. 3 executed by the Borrower, the Guarantors and the Administrative Agent,
pursuant to authority granted to it by the Required Lenders; and

Amendment No. 3

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(c) the Administrative Agent shall be satisfied that, immediately after giving
effect to such amendments, new Incremental Loan Commitments shall become
effective under Section 2.01(d) in an aggregate amount equal to $100,000,000 and
the Borrower shall borrow Incremental Loans and Revolving Credit Loans in an
aggregate principal amount of not less than $100,000,000.

Section 5. Security Documents. The Borrower and the Guarantors hereby ratify and
confirm their respective obligations, and the Liens respectively granted by
them, under the Loan Documents.

Section 6. Miscellaneous. Except as herein provided, the Loan Documents shall
remain unchanged and in full force and effect. This Amendment No. 3 may be
executed in any number of counterparts, all of which taken together shall
constitute one and the same amendatory instrument and any of the parties hereto
may execute this Amendment No. 3 by signing any such counterpart. This Amendment
No. 3 shall be governed by, and construed in accordance with, the law of the
State of New York.

[Signature pages follow]

Amendment No. 3

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IN WITNESS WHEREOF, the parties hereto have caused this Amendment No. 3 to be
duly executed and delivered as of the day and year first above written.

 

THE GEO GROUP, INC.,

as Borrower

By:   /s/ Brian R. Evans  

Name: Brian R. Evans

Title: Sr. VP & CFO

 

 

Amendment No. 3

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GUARANTORS:

 

CORRECTIONAL SERVICES CORPORATION

By:   /s/ Brian R. Evans  

Name: Brian R. Evans

Title: VP & Treasurer

 

 

Amendment No. 3

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CORRECTIONAL PROPERTIES PRISON FINANCE

LLC

By:   /s/ Brian R. Evans  

Name: Brian R. Evans

Title: VP, Finance

 

 

Amendment No. 3

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CPT LIMITED PARTNER, LLC By:   /s/ Brian R. Evans  

Name: Brian R. Evans

Title: VP, Finance

 

 

Amendment No. 3

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CPT OPERATING PARTNERSHIP L.P. By:   /s/ Brian R. Evans  

Name: Brian R. Evans

Title: VP, Finance

 

Amendment No. 3

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GEO ACQUISITION II, INC. By:   /s/ Brian R. Evans  

Name: Brian R. Evans

Title: VP Finance

 

 

Amendment No. 3

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GEO CARE, INC. By:   /s/ Brian R. Evans  

Name: Brian R. Evans

Title: Treasurer

 

 

Amendment No. 3

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GEO HOLDINGS I, INC. By:   /s/ Brian R. Evans  

Name: Brian R. Evans

Title: VP, Finance

 

 

Amendment No. 3

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GEO RE HOLDINGS LLC By:   /s/ Brian R. Evans  

Name: Brian R. Evans

Title: SVP & Treasurer

 

 

Amendment No. 3

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GEO TRANSPORT, INC. By:   /s/ Brian R. Evans  

Name: Brian R. Evans

Title: VP & Treasurer

 

 

Amendment No. 3

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GEO CARE OF SOUTH CAROLINA, INC. By:   /s/ Brian R. Evans  

Name: Brian R. Evans

Title: VP and Treasurer

 

 

Amendment No. 3

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PUBLIC PROPERTIES DEVELOPMENT AND LEASING LLC By:   /s/ Brian R. Evans  

Name: Brian R. Evans

Title: VP, Finance

 

 

Amendment No. 3

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CORNELL COMPANIES, INC. By:   /s/ Brian R. Evans  

Name: Brian R. Evans

Title: VP & CFO

 

 

Amendment No. 3

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CCG I CORPORATION By:   /s/ Brian R. Evans  

Name: Brian R. Evans

Title: VP & CFO

 

 

Amendment No. 3

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CORNELL ABRAXAS GROUP, INC. By:   /s/ Brian R. Evans  

Name: Brian R. Evans

Title: VP & CFO

 

 

Amendment No. 3

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CORNELL CORRECTIONS MANAGEMENT, INC. By:   /s/ Brian R. Evans  

Name: Brian R. Evans

Title: VP & CFO

 

 

Amendment No. 3

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CORNELL CORRECTIONS OF ALASKA, INC. By:   /s/ Brian R. Evans  

Name: Brian R. Evans

Title: VP & CFO

 

 

Amendment No. 3

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CORNELL CORRECTIONS OF CALIFORNIA, INC. By:   /s/ Brian R. Evans  

Name: Brian R. Evans

Title: VP & CFO

 

 

Amendment No. 3

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CORNELL CORRECTIONS OF RHODE ISLAND, INC. By:   /s/ Brian R. Evans  

Name: Brian R. Evans

Title: VP & CFO

 

 

Amendment No. 3

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CORNELL CORRECTIONS OF TEXAS, INC. By:   /s/ Brian R. Evans  

Name: Brian R. Evans

Title: VP & CFO

 

 

Amendment No. 3

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CORNELL INTERVENTIONS, INC. By:   /s/ Brian R. Evans  

Name: Brian R. Evans

Title: VP & CFO

 

 

Amendment No. 3

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CORRECTIONAL SYSTEMS, INC. By:   /s/ Brian R. Evans  

Name: Brian R. Evans

Title: VP & CFO

 

 

Amendment No. 3

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WBP LEASING, INC. By:   /s/ Brian R. Evans  

Name: Brian R. Evans

Title: VP & CFO

 

 

Amendment No. 3

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WBP LEASING, LLC By:   /s/ Brian R. Evans  

Name: Brian R. Evans

Title: VP & CFO

 

 

Amendment No. 3

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BII HOLDING CORPORATION By:   /s/ Brian R. Evans  

Name: Brian R. Evans

Title: VP Finance

 

 

Amendment No. 3

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BII HOLDING I CORPORATION By:   /s/ Brian R. Evans  

Name: Brian R. Evans

Title: VP Finance

 

 

 

Amendment No. 3

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BEHAVIORAL HOLDING CORP. By:   /s/ Brian R. Evans  

Name: Brian R. Evans

Title: VP Finance

 

 

Amendment No. 3

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BEHAVIORAL ACQUISITION CORP. By:   /s/ Brian R. Evans  

Name: Brian R. Evans

Title: VP Finance

 

 

Amendment No. 3

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B.I. INCORPORATED By:   /s/ Brian R. Evans  

Name: Brian R. Evans

Title: VP Finance

 

 

 

Amendment No. 3

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BNP PARIBAS,

as Administrative Agent

By:   /s/ James Goodall  

Name: James Goodall

Title: Managing Director

 

 

 

By:   /s/ Brendan Heneghan  

Name: Brendan Heneghan

Title: Vice President

 

Amendment No. 3