Exhibit 10.9

FIRST AMENDMENT TO CREDIT AGREEMENT

FIRST AMENDMENT TO CREDIT AGREEMENT (this “Amendment”), dated as of March 26,
2009, among Sbarro Holdings, LLC, a Delaware limited liability company
(“Holdings”), Sbarro, Inc., a New York corporation (the “Borrower”), and the
Lenders party hereto, amends that certain CREDIT AGREEMENT (as amended, modified
or waived prior to the date hereof, the “Credit Agreement”), dated as of
January 31, 2007, among Sbarro, Inc., as Borrower, Sbarro Holdings, LLC, as
Holdings, each Person from time to time party thereto as a Lender, Bank of
America, N.A., as Administrative Agent, Collateral Agent, Swing Line Lender and
L/C Issuer, Credit Suisse, as Syndication Agent, Banc of America Securities LLC
and Credit Suisse Securities (USA) LLC, as Joint Lead Arrangers and Joint Book
Managers, and Natixis and Bank of Ireland, as Co-Documentation Agents.
Capitalized terms used herein and not otherwise defined shall have the meanings
assigned to such terms in the Credit Agreement.

W I T N E S S E T H:

WHEREAS, the Credit Parties have requested that the Lenders agree to amend
certain provisions of the Credit Agreement as provided for herein; and

WHEREAS, subject to certain conditions, the Required Lenders are willing to
agree to the amendments set forth in Section 1 hereof (collectively, the
“Amendments”) relating to the Credit Agreement;

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) Amendments to Section 1.01: Defined Terms.

(i) The following definitions shall be added in proper alphabetical sequence:

(A) “First Amendment” means the First Amendment to the Credit Agreement, dated
as of March 26, 2009, among the Borrower, Holdings and the Lenders party
thereto.

(B) “First Amendment Effective Date” means March 26, 2009.

(C) “Intercreditor Agreement” means the Intercreditor Agreement, substantially
in the form of Exhibit M to this Agreement, between the Administrative Agent and
the Second Lien Administrative Agent, as amended, modified, replaced, restated
or otherwise supplemented from time to time.

(D) “Reinstatement Date” has the meaning specified in Section 7.09(i).

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(E) “Second Lien Administrative Agent” means “Administrative Agent” as defined
in the Second Lien Credit Agreement.

(F) “Second Lien Collateral Documents” means “Collateral Documents” as defined
in the Second Lien Credit Agreement.

(G) “Second Lien Credit Agreement” means the Second Lien Credit Agreement, dated
as of March 26, 2009, among Holdings, the Borrower, each of the lenders from
time to time party thereto and Natixis, as administrative agent and collateral
agent, as may be amended, restated, modified, increased or otherwise
supplemented from time to time.

(H) “Second Lien Credit Obligations” means “Second Lien Credit Obligations” as
defined in the Second Lien Credit Agreement.

(I) “Second Lien Lenders” means “Lenders” as defined in the Second Lien Credit
Agreement.

(J) “Second Lien Loan Documents” means “Loan Documents” as defined in the Second
Lien Credit Agreement.

(K) “Second Lien Loans” means “Loans” as defined in the Second Lien Credit
Agreement.

(L) “Second Lien Transaction” means “Transaction” as defined in the Second Lien
Credit Agreement.

(M) “Second Lien Transaction Documents” means “Transaction Documents” as defined
in the Second Lien Credit Agreement.

(ii) The definition of “Applicable Margin” is hereby amended by deleting such
definition in its entirety and replacing it with the following:

“Applicable Margin”: (i) prior to the First Amendment Effective Date, shall mean
“Applicable Margin” as defined in this Agreement prior to giving effect to the
First Amendment and (ii) on and after the First Amendment Effective Date for
purposes of calculating (a) the applicable interest rate for any Term B Loan or
the applicable interest rate for any day for any Revolving Loan or any Swing
Line Loan, means for Eurodollar Loans, 4.50% or for Base Rate Loans, 3.50%;
(b) the applicable rate of the Commitment Fee for any day for purposes of
Section 2.11(a) means, 0.50%, and (c) the applicable rate of the Letter of
Credit Fee for any day for purposes of Section 2.11(b)(i) means, 4.50%.”

(iii) The definition of “Base Rate” is hereby amended by deleting the “.” at the
end of the first sentence thereof and replacing it with “and (iii) the
Eurodollar Rate for a one-month Interest Period plus 100 basis points.”

 

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(iv) The definition of “Change of Control” is hereby amended by adding the words
“or the Second Lien Credit Agreement” immediately after the words “Senior Notes
Indenture” in clause (iv).

(v) The definition of “Collateral Documents” is hereby amended by adding the
words “Intercreditor Agreement” immediately after the word “collectively,”.

(vi) The definition of “Consolidated Capital Expenditures” is hereby amended by
restating clause (vi) thereof in its entirety as follows:

“(vi) any expenditures made with the proceeds of a Debt Issuance of Holdings or
any of its Subsidiaries (other than Second Lien Loans, Revolving Loans, and
Indebtedness incurred pursuant to Section 7.01(xx) after the Closing Date) to
the extent not required to prepay the Loans or used for any other purpose; and”

(vii) The definition of “Consolidated EBITDA” is hereby amended by:

(A) deleting the words “Synthetic Lease Obligations and” from clause (iii)(B);

(B) restating clause (iii)(I) in its entirety as follows:

“(I) any financial advisory fees, accounting fees, legal fees and other similar
advisory and consulting fees and other out-of-pocket costs and expenses of the
Borrower incurred as a result of this Amendment and the Second Lien Transaction
(whether or not actually consummated) and deducted from net income during the
Borrower’s fiscal years ending December 28, 2008 and December 27, 2009,”

(C) replacing clause (iii)(J) with “[Intentionally Omitted]”;

(D) adding the following at the end of clause (iii)(L): “not to exceed an
aggregate of $1,000,000”;

(E) restating clause (iii)(M) in its entirety as follows: “non-recurring cash
charges resulting from severance, consulting, advisory and other similar
transition expenses, stay or sign on bonuses, restructuring, consolidation,
transition integration and other adjustments made as a result of Permitted
Acquisitions, and other Investments permitted under Section 7.06; provided that
the amounts referred to in this clause (M) reported in any fiscal year ending
after December 31, 2006 shall not, in the aggregate, exceed $2,000,000 during
any fiscal year and $4,000,000 in the aggregate since the First Amendment
Effective Date”;

(F) replacing clause (iii)(O) with “[Intentionally Omitted]”;

(G) replacing clause (iii)(P) with “[Intentionally Omitted]”;

 

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(H) adding the following at the end of clause (iii)(Q): “not to exceed an
aggregate of $1,000,000 per year beginning with fiscal year 2009”;

(I) replacing clause (iii)(R) with “[Intentionally Omitted]”;

(J) adding the following at the end of clause (iii)(T): “not to exceed an
aggregate of $3,000,000 per year beginning with fiscal year 2009”;

(K) deleting the “,” after the word “bonuses” and replacing it with the word
“or” in clause (iii)(U);

(L) deleting the words “, consolidation, severance or discontinuance of any
portion of operations, employees and/or management” from clause (iii)(U);

(M) replacing the “$2,500,000” in clause (iii)(U) with “$1,500,000”;

(N) deleting clause (iii)(W) and replacing it with “expenses related to
consolidation, severance or the discontinuance of any portion of operations,
employees and/or management not to exceed an aggregate amount during any four
consecutive fiscal quarters greater than (1) as of the fiscal quarter ending on
March 29, 2009, $3,500,000, (2) as of the fiscal quarter ending on June 28,
2009, $3,000,000, (3) as of the fiscal quarter ending on September 27, 2009,
$2,750,000, (4) as of the fiscal quarter ending on December 27, 2009, $2,500,000
and (5) as of any fiscal quarter ending thereafter, $1,500,000”;

(O) restating clause (iv) in its entirety as follows:

“for purposes of curing any violation of the covenant set forth in Section 7.16,
the Net Cash Proceeds of any Equity Issuance of Qualified Capital Stock to the
Investor Group and/or to one or more other Persons who are or become holders of
Equity Interests in Holdings, solely to the extent that such Net Cash Proceeds
are actually received by the Borrower (including through capital contribution of
such Net Cash Proceeds by Holdings to the Borrower) no later than 10 Business
Days after the delivery of a Notice of Intent to Cure; provided that Net Cash
Proceeds of Equity Issuances of Qualified Capital Stock may be included pursuant
to the provisions of this clause (iv) in Consolidated EBITDA of no more than two
fiscal quarters in any period of four consecutive fiscal quarters; and provided
further that the aggregate amount of Net Cash Proceeds of Equity Issuances of
Qualified Capital Stock which may be included pursuant to this clause (iv) in
Consolidated EBITDA may not exceed, in any case, (A) the aggregate amount
necessary to cure an Event of Default arising in respect of the covenant set
forth in Section 7.16 for such applicable period for which such Notice of Intent
to Cure is delivered or (B) an amount greater than 10% of the Consolidated
EBITDA of Holdings as of the last day of the most recent period of four
consecutive fiscal quarters of Holdings

 

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for which financial statements are required to be delivered pursuant to
Section 6.01(a) or (b); provided further; that the Borrower shall prepay the
Term B Loans with 100% of all Net Cash Proceeds of Equity Issuances of Qualified
Capital Stock included pursuant to this clause (iv) in the manner and in
accordance with the provisions applicable to voluntary prepayments of Term B
Loans with Net Cash Proceeds; provided, however, that the aggregate amount of
Net Cash Proceeds of Equity Issuances of Qualified Capital Stock which are
included pursuant to this clause (iv) in Consolidated EBITDA shall not increase
any basket or other amount hereunder and shall not be used for any other purpose
or action hereunder that is specifically permitted to be taken with the use of
proceeds from Equity Issuances; it being understood that this clause (iv) may
not be relied on for purposes of calculating any financial ratios other than for
purposes of determining compliance with the financial covenant set forth in
Section 7.16; minus”

(P) deleting the word “covenants” and replacing it with the word “covenant” in
clause (vi);

(Q) deleting the words “the Interest Coverage Ratio or” in the final paragraph
of such definition; and

(R) adding immediately after the words “Total Leverage Ratio for all purposes”
the words “or any determination of Consolidated EBITDA for purposes of
Section 7.16” in the final paragraph of such definition.

(viii) The definition of “Consolidated Scheduled Debt Payments” is amended by
adding the words “, mandatory prepayments of the Second Lien Loans pursuant to
Section 2.09(c) of the Second Lien Credit Agreement (as in effect on the date
hereof),” immediately after the words “Term B Loans pursuant to
Section 2.09(c)”.

(ix) The definition of “Excess Cash Flow” is hereby amended by:

(A) deleting the words “or Incremental Revolving Loans” in the second
parenthetical clause of clause (v);

(B) adding the words “Second Lien Loans,” immediately after the words “other
than intercompany Indebtedness,” in clause (v)(C);

(C) deleting the parenthetical “(excluding any Restricted Payments made as
permitted pursuant to clause (z) of the second proviso thereto from Excess Cash
Flow for any period)” in clause (v)(G);

(D) replacing the words “the Transaction,” with “the Second Lien Transaction” in
clause (v)(I) and adding the following to the end of such clause “not to exceed
an aggregate of $1,000,000”;

 

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(E) replacing clause (v)(J) with “[Intentionally Omitted]”;

(F) deleting the words “early retirement of debt,” from clause (v)(N) and adding
to the end of such clause: “provided that the amounts referred to in this
clause (N) reported in any fiscal year ending after December 31, 2006 shall not,
in the aggregate, exceed $2,000,000 during any fiscal year and $4,000,000 in the
aggregate since the First Amendment Closing Date”;

(G) replacing clause (v)(O) with “[Intentionally Omitted]”;

(H) adding the following at the end of clause (v)(Q): “not to exceed an
aggregate of $1,000,000 per year beginning with fiscal year 2009”;

(I) replacing clause (v)(R) with “[Intentionally Omitted]”;

(J) adding the following at the end of clause (v)(T): “not to exceed an
aggregate of $3,000,000 per year beginning with fiscal year 2009”;

(K) deleting the words “early extinguishment of Indebtedness,” from clause
(v)(U);

(L) deleting the words “, severance or discontinuance of any portion of
operations, employees and/or management” and the word “million” from clause
(v)(U);

(M) replacing the “2,500,000” in clause (v)(U) with “1,500,000”;

(N) deleting clause (v)(W) and replacing it with “expenses related to severance
or the discontinuance of any portion of operations, employees and/or management
not to exceed an aggregate amount during any four consecutive fiscal quarters
greater than (1) as of the fiscal quarter ending on March 29, 2009, $3,500,000,
(2) as of the fiscal quarter ending on June 28, 2009, $3,000,000, (3) as of the
fiscal quarter ending on September 27, 2009, $2,750,000, (4) as of the fiscal
quarter ending on December 27, 2009, $2,500,000 and (5) as of any fiscal quarter
ending thereafter, $1,500,000”; and

(O) adding the words “Second Lien Loans,” immediately after the words “to prepay
the” in clause (viii).

(x) The following definitions are hereby deleted:

(A) “Applicable ECF Percentage,”

(B) “Incremental Revolving Loan Commitment,”

(C) “Incremental Revolving Loans,”

 

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(D) “Incremental Term Loan Commitment,”

(E) “Incremental Term Loans,”

(F) “Interest Coverage Ratio,”

(G) “Post-Increase Revolving Lenders,” and

(H) “Pre-Increase Revolving Lenders.”

(xi) The definition of “Permitted Acquisition” is hereby amended by:

(A) deleting the words “financial covenants specified in Sections 7.16(a) and
(b)” and replacing them with the words “financial covenant specified in
Section 7.16”;

(B) adding the words “or the Second Lien Lenders” immediately after the words
“the Lenders” in paragraph (c);

(C) deleting the word “franchises” and replacing it with the word “franchisees”
in paragraph (c); and

(D) adding the parenthetical “(other than expenditures included in Consolidated
Capital Expenditures)” immediately after the words “in the aggregate” in
paragraph (c).

(E) adding the following as a new paragraph immediately following such
definition:

“Notwithstanding the foregoing, unless otherwise agreed to in writing by the
Required Lenders, (x) from and after the First Amendment Effective Date, (1) the
aggregate amount of any acquisition (whether individually or together with any
related acquisitions) shall not exceed $5,000,000 and (2) the aggregate amount
of all Permitted Acquisitions shall not exceed $10,000,000 and (y) no
acquisition shall be deemed to be a Permitted Acquisition unless immediately
after giving effect to such acquisition the Total Leverage Ratio shall be less
than the Total Leverage Ratio immediately prior to such acquisition.”

(xii) The definition of “Pro-Forma Basis” is hereby amended by deleting the
words “In connection with any calculation of the financial covenants set forth
in Section 7.16 or elsewhere” and replacing them with the words “In connection
with any calculation of the Total Leverage Ratio or the financial covenant set
forth in Section 7.16 or elsewhere”.

(xiii) The definition of “Pro-Forma Compliance Certificate” is hereby amended by
deleting the words “and the Interest Coverage Ratio” and replacing them with the
words “and the financial covenant set forth in Section 7.16”.

 

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(xiv) The definition of “Revolving Committed Amount” is hereby amended by
deleting “$25,000,000” and replacing it with “$21,500,000”.

(xv) The definition of “Total Leverage Ratio” is hereby amended by inserting
“for which financial statements have been (or were required to have been)
delivered pursuant to Section 6.01(a) or (b)” immediately before the final”.”.

(b) Amendment to Section 2.06 of the Credit Agreement: Interest.

(i) Clause 2.06(c) is hereby replaced in its entirety with the following:

“(x) immediately upon an Event of Default, all Loans shall bear interest at a
fluctuating interest rate per annum equal to the Default Rate and (y) if any
Senior Credit Obligation is not paid when due (without regard to any applicable
grace periods), whether at stated maturity, by acceleration or otherwise, such
overdue amount shall thereafter bear interest at a fluctuating interest rate per
annum equal to the Default Rate, in each case, until such Default or Event of
Default has been cured or waived, to the fullest extent permitted by applicable
Laws.”

(c) Amendments to Section 2.09 of the Credit Agreement: Prepayments.

(i) Section 2.09(c)(ii) is hereby amended by:

(A) deleting the words “the Applicable ECF Percentage” and replacing them with
“75%”; and

(B) deleting the last sentence of such section.

(ii) Section 2.09(c)(iii) is hereby amended by deleting the number “$5,000,000”
and replacing it with the number “$1,000,000”.

(d) Amendment to Section 2.15: Increase in Commitments.

Section 2.15 is hereby amended by deleting such section in its entirety and
replacing it with the word “Intentionally Omitted”.

(e) Amendment to Section 5.21 of the Credit Agreement: Ownership.

Section 5.21 is hereby amended by adding the words “Second Lien Collateral
Documents,” before the words “Collateral Documents”.

(f) Amendment to Section 6.01: Financial Statements.

(i) Section 6.01 is hereby amended by deleting paragraph (b) in its entirety and
replacing it with:

“(b) (x) Within 50 days after the end of the first three fiscal quarters of
Holdings, and (y) within 45 days of the first full fiscal month following the
First Amendment

 

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Effective Date and each fiscal month thereafter which does not coincide with the
end of a fiscal quarter of Holdings, a consolidated balance sheet of Holdings
and its Consolidated Subsidiaries as of the end of such period, together with
related consolidated statements of operations and a consolidated statement of
cash flows for such period and the then elapsed portion of such fiscal year,
setting forth for all periods beginning after the first anniversary of the
Closing Date in comparative form the consolidated figures for the corresponding
periods of the preceding fiscal year, all in reasonable detail, certified by a
Responsible Officer of the Borrower as fairly presenting, in all material
respects, the financial condition, results of operations and cash flows of
Holdings and its Consolidated Subsidiaries in accordance with GAAP, subject only
to normal year-end audit adjustments and the absence of footnotes, provided that
the quarterly (but not monthly) obligations in this paragraph (b) may be
satisfied by the Borrower by furnishing its Form 10-Q.”; and

(ii) Section 6.01(c) is hereby amended by deleting “(x) on a quarterly basis for
the first such forecast, and (y) for each forecast delivered thereafter,”.

(g) Amendment to Section 6.02 of the Credit Agreement: Certificates; Other
Information.

(i) Paragraph (b) is hereby amended by deleting the word “covenants” and
replacing it with the word “covenant”; and

(ii) The last sentence of Section 6.02(b) is hereby deleted.

(h) Amendment to Section 6.03 of the Credit Agreement: Notices.

(i) Clause (iii) is hereby amended by deleting “and”;

(ii) Clause (iv) is hereby amended by deleting “.” and replacing it with “;”;
and

(iii) Section 6.03 is hereby amended by inserting new clauses (v) and
(vi) immediately after clause (iv) as follows:

“(v) of notices delivered by the Borrower under the Second Lien Credit Agreement
that would not otherwise give rise to a notice requirement hereunder; and

(vi) of any amendments, restatements, supplements or other modifications to the
Second Lien Loan Documents or the Second Lien Transaction Documents.”

(i) Amendment to Section 6.14 of the Credit Agreement: Designation of
Unrestricted Subsidiaries.

Section 6.14 is hereby amended by deleting the word “covenants” and replacing it
with the word “covenant” in each instance that it appears.

 

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(j) Amendments to Section 7.01 of the Credit Agreement: Limitation on
Indebtedness.

(i) Clause (ii) is hereby amended by (A) deleting the words “(including any
incremental loans incurred pursuant to Section 2.15)” and (B) deleting the words
“plus, so long as no Default or Event of Default exists or would result
therefrom, an additional amount of such Senior Notes incurred in any “tack on”
offering under the Senior Notes Indenture, not to exceed $25 million in the
aggregate”;

(ii) Clause (iii) is hereby amended by deleting the number “$7,500,000” and
replacing it with the number “$5,000,000”;

(iii) Clause (v) is hereby amended by restating subclause (w) thereof in its
entirety as follows: “(w) such refinancing Indebtedness shall not be secured by
any Lien unless the Indebtedness being refinanced was subject a Lien, in which
case any Liens on such refinancing indebtedness shall not extend to any
additional assets and shall, if the existing Liens were subordinated, be
subordinated on no less favorable terms,”;

(iv) Clause (vi) is hereby amended by deleting the word “covenants” and
replacing it with the word “covenant”;

(v) Clause (x) is hereby amended by deleting the number “$7,500,000” and
replacing it with “$5,000,000”;

(vi) Clause (xii) is hereby deleted in its entirety and replaced with
“[Intentionally Omitted]”;

(vii) Clause (xiv) is hereby deleted in its entirety and replaced with
“[Intentionally Omitted]”;

(viii) Clause (xvi) is hereby deleted in its entirety and replaced with
“[Intentionally Omitted]”;

(ix) Clause (xviii) is hereby deleted in its entirety and replaced with
“[Intentionally Omitted]”;

(x) Clause (xix) is hereby deleted in its entirety and replaced with
“[Intentionally Omitted]”;

(xi) Clause (xx) is hereby amended by (A) replacing the number “$10,000,000”
with “$15,000,000” and (B) deleting the “.” at the end thereof and replacing it
with the word “; and”; and

(xii) Section 7.01 is hereby amended by adding the following clause
(xxi) immediately after clause (xx) as follows: “(xxi) Indebtedness evidenced by
the Second Lien Credit Agreement in an

 

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aggregate principal amount not to exceed $25,500,000 plus the amount of any
interest added to the principal thereof in accordance with the terms of the
Second Lien Credit Agreement.”

(k) Amendments to Section 7.02 of the Credit Agreement: Restriction on Liens.

(i) Clause (xxvi) is hereby amended by deleting the word “; and” at the end
thereof;

(ii) Clause (xxx) is hereby amended by deleting the word “and” at the end
thereof;

(iii) Clause (xxxi) is hereby amended by (A) deleting the number “$7,500,000”
and replacing it with the number “$5,000,000” and (B) deleting the “.”at the end
thereof and replacing it with the word “; and”; and

(iv) Section 7.02 is hereby amended by adding the following clause
(xxxii) immediately after clause (xxxi) as follows:

“(xxxii) Liens granted on the Collateral to secure the Second Lien Credit
Obligations provided that such Liens are subject to the terms of the
Intercreditor Agreement.”

(l) Amendments to Section 7.04: Consolidation, Merger and Dissolution.

(i) Clauses (ii), (iii) and (iv) are hereby amended by adding the words “and are
subject to the terms of the Intercreditor Agreement”, in each case, after the
words “dissolution or liquidation” in the respective parentheticals therein; and

(ii) Clause (v) is hereby amended by deleting the word “covenants” and replacing
it with the word “covenant”.

(m) Amendments to Section 7.05: Asset Disposition.

(i) Clause (xix) is hereby deleted in its entirety and replaced with
“[Intentionally Omitted]”;

(ii) Clause (xx) is hereby deleted in its entirety and replaced with
“[Intentionally Omitted]”;

(iii) Clause (xxiii) is hereby deleted in its entirety and replaced with
“[Intentionally Omitted]”;

(iv) Clause (xxv) is hereby deleted in its entirety and replaced with
“[Intentionally Omitted]”;

(v) Clause (xxvi) is hereby amended by deleting the number “$15,000,000” and
replacing it with the number “$10,000,000”.

 

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(n) Amendments to Section 7.06: Investments.

(i) Clause (vi)(x)(ii) is hereby amended by deleting the number “$2,500,000” and
replacing it with the number “$1,000,000”.

(o) Amendments to Section 7.07: Restricted Payments, Etc.

(i) Clause (iii) is hereby amended by deleting the proviso at the end of such
clause;

(ii) Clause (iv) is hereby amended by deleting clauses (C) and (D) thereof and
replacing the “(E)” therein with “(C)”; and

(iii) Clause (viii) is hereby amended by adding the word “and” at the end
thereof;

(iv) Clause (ix) is hereby amended by deleting “; and” at the end thereof and
replacing it with a “.”; and

(v) Clause (x) is hereby deleted in its entirety.

(p) Amendments to Section 7.08 of the Credit Agreement: Prepayment of
Indebtedness, Etc.

(i) Section 7.08(c) of the Credit Agreement is hereby amended by deleting the
proviso “; provided, however, that amounts available under this Section 7.08(c)
shall be reduced by any amounts applied pursuant to Section 7.07(x) hereof”.

(ii) Section 7.08(d) of the Credit Agreement is hereby amended by deleting the
words “[Intentionally Omitted].” and by adding the following:

“(d) Prohibition Against Certain Payments on Second Lien Credit
Obligations/Amendments of the Second Lien Loan Documents. None of the Group
Companies will directly or indirectly redeem, purchase, prepay, retire, defease
or otherwise acquire for value (other than exchanges solely for Equity Interests
not constituting Debt Equivalents), prior to scheduled maturity, scheduled
repayment or scheduled sinking fund payment, any Indebtedness incurred pursuant
to the Second Lien Loan Documents, or set aside any funds for such purpose,
whether such redemption, purchase, prepayment, retirement or acquisition is made
at the option of the maker or at the option of the holder thereof, and whether
or not any such redemption, purchase, prepayment, retirement or acquisition is
required under the terms and conditions applicable to such Indebtedness, except
that Indebtedness under the Second Lien Loan Documents may be redeemed,
purchased, retired, defeased, acquired for value or prepaid at any time
following repayment in full of all Term B Loans and all accrued interest thereon
by utilizing the Net Cash Proceeds of one or more Asset Dispositions,
Casualties, Condemnations and/or Debt Issuances. None of the Group Companies
will, or will permit any of their

 

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respective Subsidiaries to, after the issuance thereof, amend, waive or modify
(or permit the amendment, waiver or modification of) any of the terms,
agreements, covenants or conditions of or applicable to the Second Lien Loan
Documents unless such amendment, waiver or modification is in accordance with
the terms of the Intercreditor Agreement.”

(q) Amendments to Section 7.09: Transactions with Affiliates.

(i) Clause (i) is hereby amended by adding the following to the end thereof “;
provided, however, that (a) from and after the First Amendment Effective Date
until such time as the Consolidated EBITDA of Holdings is at least $55,000,000
as of the last day of the most recent period of four consecutive fiscal quarters
of Holdings for which financial statements are required to be delivered pursuant
to Section 6.01(a) or (b) (the “Reinstatement Date”), any Management Fees
payable pursuant to clause (i) of the definition thereof shall be not be paid in
cash (but shall continue to accrue) and (b) on and after the Reinstatement Date,
no greater than $2,000,000 of such fees shall be paid in cash per fiscal year”;

(ii) Clause (xi) is hereby amended by deleting the word “and” at the end
thereof;

(iii) Clause (xii) is hereby amended by inserting the word “and” at the end
thereof; and

(iv) Section 7.09 is hereby amended by adding the following clause
(xiii) “entering into the Second Lien Transaction Documents and the transactions
related thereto, including, without limitation, the issuance of warrants and any
amendments or modifications thereto (to the extent permitted by the
Intercreditor Agreement).”

(r) Amendments to Section 7.11: Restrictions with Respect to Intercorporate
Transfers.

(i) The first paragraph of Section 7.11 is hereby amended by inserting the words
“(subject to the terms of the Intercreditor Agreement)” immediately after the
words “pursuant to the Loan Documents” in clause (E); and

(ii) The second clause (i) therein is hereby amended by (A) deleting the word
“or” and inserting a “,” in its place and (B) adding the words “or Second Lien
Loan Documents” immediately after the words “Senior Notes Documents”.

(s) Amendments to Section 7.15: Additional Negative Pledges.

(i) Clause (xi) is hereby amended by deleting the word “and”;

(ii) Clause (xii) is hereby amended by inserting the word “and” at the end
thereof; and

 

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(iii) Section 7.15 is hereby amended by adding the following clause
(xiii) “pursuant to the Second Lien Credit Agreement and the other Second Lien
Loan Document”.

(t) Amendments to Section 7.16: Financial Covenants.

Section 7.16 is hereby amended by deleting such section in its entirety and
replacing it with the following:

“Section 7.16 Financial Covenant. Consolidated EBITDA of Holdings shall be at
least the amount set forth below for any four fiscal quarter period ending on
the last day of each fiscal quarter set forth below.

 

Fiscal Quarter Ended

   Amount

March 29, 2009

   $ 38,000,000

June 28, 2009

   $ 38,000,000

September 27, 2009

   $ 38,000,000

December 27, 2009

   $ 40,000,000

March 28, 2010

   $ 40,000,000

June 27, 2010

   $ 40,000,000

September 26, 2010

   $ 40,000,000

December 26, 2010

   $ 43,000,000

March 27, 2011

   $ 43,000,000

June 26, 2011

   $ 43,000,000

September 25, 2011

   $ 43,000,000

January 1, 2012

   $ 48,000,000

April 1, 2012

   $ 48,000,000

July 1, 2012

   $ 48,000,000

September 30, 2012

   $ 48,000,000

December 30, 2012

   $ 53,000,000

March 31, 2013

   $ 53,000,000

June 30, 2013

   $ 53,000,000

September 29, 2013

   $ 53,000,000

December 29, 2013 and the last day of each fiscal quarter thereafter

   $ 60,000,000”

 

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(u) Amendments to Section 7.17: Capital Expenditures.

A new Section 7.17 is added following Section 7.16 to read as follows:

“Section 7.17 Capital Expenditures. Consolidated Capital Expenditures shall be
no greater than the amount set forth below for any four fiscal quarter period
ending on the last day of each fiscal quarter set forth below.

 

Fiscal Quarter

   Consolidated
Capital Expenditures

March 29, 2009

   $ 16,000,000

June 28, 2009

   $ 14,000,000

September 27, 2009

   $ 12,000,000

December 27, 2009

   $ 12,000,000

March 28, 2010

   $ 12,000,000

June 27, 2010

   $ 12,000,000

September 26, 2010

   $ 12,000,000

December 26, 2010

   $ 12,000,000

March 27, 2011

   $ 13,000,000

June 26, 2011

   $ 13,500,000

September 25, 2011

   $ 14,000,000

January 1, 2012

   $ 14,000,000

April 1, 2012

   $ 14,000,000

September 30, 2012

   $ 14,000,000

December 30, 2012

   $ 14,000,000

March 31, 2013

   $ 14,500,000

June 30, 2013 and thereafter

   $ 15,000,000

; provided, however, that (x) if the aggregate amount of Consolidated Capital
Expenditures made in any four fiscal quarter period shall be less than the
maximum amount of Consolidated Capital Expenditures permitted under this
Section 7.17 for such period (before giving effect to any carryover), then the
amount of such shortfall may be added to the amount of Consolidated Capital
Expenditures permitted under this Section 7.17 for the immediately succeeding
four fiscal quarters and (y) in determining whether any amount is available for
carryover, the amount expended in any fiscal quarter shall first be deemed to be
from the amount allocated to such fiscal quarter (before giving effect to any
carryover).”

 

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(v) Amendment to Exhibit D of the Credit Agreement. As of the First Amendment
Effective Date, Exhibit D of the Credit Agreement is hereby amended by deleting
it in its entirety and replacing it with Exhibit D hereto.

Section 2. [Intentionally Omitted].

Section 3. Waiver. Subject to the satisfaction of the conditions set forth in
Section 4 hereof, as of the First Amendment Effective Date, the Required Lenders
hereby permanently waive compliance by the Borrower with the financial covenant
set forth in Section 7.16(a) of the Credit Agreement for the fiscal quarter
ended December 31, 2008, and agree that such failure shall not be a Default or
Event of Default arising under Section 8.01.

Section 4. Conditions to Effectiveness. This Amendment shall become effective on
the date on which each of the following conditions is satisfied or waived (the
“Amendment Effective Date”):

(i) The Administrative Agent (or its counsel) shall have received an executed
counterpart of this Amendment from Lenders constituting the Required Lenders and
each of the other parties hereto;

(ii) Execution and delivery of the Second Lien Credit Agreement and the
Intercreditor Agreement, in each case in form and substance reasonably
satisfactory to the Administrative Agent (and the Lenders party hereto instruct
the Administrative Agent to enter into the Intercreditor Agreement);

(iii) The Administrative Agent shall have received a copy of a written opinion
from an Independent Qualified Party (as defined in the Senior Notes Indenture)
with respect to the fairness of the Second Lien Credit Agreement, which opinion
satisfies the requirements of Section 4.07 of the Senior Notes Indenture;

(iv) The Administrative Agent shall have received a favorable written opinion of
Kirkland & Ellis LLP, counsel to the Loan Parties, addressed to the
Administrative Agent, Collateral Agent and each Lender, dated the Amendment
Effective Date, in form and substance reasonably satisfactory to the
Administrative Agent;

(v) The Borrower shall have received or shall concurrently receive the proceeds
of the Second Lien Loans and shall have used the proceeds to make a voluntary
prepayment of the Term B Loans in an amount not less than $25 million in
accordance with this Amendment and Section 2.09(a) of the Credit Agreement;

(vi) The Borrower shall have made or shall concurrently make a prepayment of the
Revolving Loans in an amount not less than $3,500,000;

(vii) Payment of an amendment fee to the Administrative Agent on behalf of each
Lender consenting to this Amendment in an amount equal to 0.5% of such Lender’s
Revolving Commitment and outstanding Term B Loans (in each case, based on the
amount of Commitments and Loans outstanding immediately prior to the reductions
and repayments contemplated hereby); and

 

-16-

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(viii) All fees and expenses payable on or before the Amendment Effective Date
by the Borrower to the Administrative Agent or its Affiliates in connection with
this Amendment shall have been paid, including the reasonable fees, charges and
disbursements of Cahill Gordon & Reindel LLP, counsel for the Administrative
Agent.

Section 5. Representations and Warranties. The Borrower represents and warrants
to the Lenders as of the date hereof and as of each Amendment Effective Date
that:

(a) The execution, delivery and performance of this Amendment have been duly
authorized by all necessary corporate action by the Borrower and do not and will
not (i) contravene the terms of any of the Loan Parties’ Organization Documents,
(ii) conflict with or result in any breach or contravention of, or the creation
of any Lien (other than Permitted Liens) under, any Contractual Obligation to
which any Loan Party is a party or any order, injunction, writ or decree of any
Governmental Authority or any arbitral award to which any Loan Party or its
property is subject or (iii) violate any Law;

(b) After giving effect to this Amendment, the representations and warranties
set forth in the Credit Agreement are true and correct in all material respects
on and as of such Amendment Effective Date, except to the extent that such
representations and warranties specifically refer to an earlier date, in which
case they shall be true and correct in all material respects as of such earlier
date; and

(c) After giving effect to this Amendment, no Default or Event of Default has
occurred and is continuing.

Section 6. Counterparts. This Amendment may be executed in any number of
counterparts and by different parties hereto on separate counterparts, each of
which when so executed and delivered shall be deemed to be an original, but all
of which when taken together shall constitute a single instrument. Delivery of
an executed counterpart of a signature page of this Amendment by facsimile
transmission shall be effective as delivery of a manually executed counterpart
hereof.

Section 7. Applicable Law. THIS AMENDMENT SHALL BE GOVERNED BY, AND CONSTRUED IN
ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK.

Section 8. Headings. The headings of this Amendment are for purposes of
reference only and shall not limit or otherwise affect the meaning hereof.

Section 9. Release. In order to induce the Lenders to consent to this Amendment,
the Loan Parties hereby release, acquit, and forever discharge the Lenders, the
Administrative Agent and each and every past and present affiliate, member,
manager, agent, employee, representative, and attorney of the Lenders and the
Administrative Agent from any and all claims, causes of action, suits, debts,
liens, obligations, liabilities, demands, losses, costs and expenses (including
attorneys’ fees) of any kind, character, or nature whatsoever, fixed or
contingent, which any of them may have or claim to have now in connection with
any act of commission or omission of any of the Lenders or the Administrative
Agent existing on or occurring prior to the date of this Amendment or any
instrument executed on or prior to the date of this Amendment including, without
limitation, any claims, liabilities or obligations arising with respect to the
Loans.

 

-17-

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

The provisions of this Section 9 shall survive payment of the Loans and shall be
binding upon the Loan Parties and their respective successors and assigns and
shall inure to the benefit of the Lenders, the Administrative Agent and their
respective successors and assigns.

Section 10. Effect of Amendment. Except as expressly set forth herein, this
Amendment shall not by implication or otherwise limit, impair, constitute a
waiver of or otherwise affect the rights and remedies of the Lenders or the
Agents under the Credit Agreement or any other Loan Document, and shall not
alter, modify, amend or in any way affect any of the terms, conditions,
obligations, covenants or agreements contained in the Credit Agreement or any
other provision of the Credit Agreement or any other Loan Document, all of which
are ratified and affirmed in all respects and shall continue in full force and
effect.

 

-18-

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

IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly
executed and delivered as of the day and year first above written.

 

SBARRO, INC. By:  

/s/ Daniel G. Montgomery

Name:   Dan Montgomery Title:   Chief Financial Officer

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

SBARRO HOLDINGS, LLC By:   MidOcean SBR Holdings, LLC, its Sole Member By:  

/s/ Daniel G. Montgomery

Name:   Dan Montgomery Title:   Chief Financial Officer

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

BANK OF AMERICA, N.A.,

as Administrative Agent, Collateral Agent

and Lender

By:  

/s/ Anthony D. Healey

Name:   Anthony D. Healey Title:   Senior Vice President

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

IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly
executed by their respective officers as of the day and year first above
written.

 

AF II US BD Holdings, L.P. By:  

AF II US BD Holdings, G.P. LLC

Its General Partner

 

Name of Lender By:  

/s/ David Kaplan

Name:   David Kaplan Title:   Authorized Signatory If second signature is
necessary: By:  

 

Name:   Title:  

[Signature Page to Majority Consent Amendment]

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

IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly
executed by their respective officers as of the day and year first above
written.

 

ARTUS LOAN FUND 2007-I, LTD. BABSON CLO LTD. 2003-I BABSON CLO LTD. 2004-II
BABSON CLO LTD. 2005-I BABSON CLO LTD. 2006-I BABSON CLO LTD. 2007-I BABSON LOAN
OPPORTUNITY CLO, LTD. LOAN STRATEGIES FUNDING LLC SAPPHIRE VALLEY CDO I, LTD.
SUFFIELD CLO, LIMITED By:  

Bason Capital Management LLC as

Collateral Manager

By:  

/s/ Kenneth M. Gacevich

  Name: Kenneth M. Gacevich   Title: Managing Director MASSACHUSETTS MUTUAL LIFE
INSURANCE COMPANY MASSMUTUAL ASIA LIMITED BILL & MELINDA GATES FOUNDATION TRUST
By:  

Bason Capital Management LLC as

Investment Adviser

By:  

/s/ Kenneth M. Gacevich

Name:   Kenneth M. Gacevich Title:   Managing Director VINACASA CLO, LTD. By:  
Bason Capital Management LLC as Collateral Servicer By:  

/s/ Kenneth M. Gacevich

Name:   Kenneth M. Gacevich Title:   Managing Director

[Signature Page to Majority Consent Amendment]

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

IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly
executed by their respective officers as of the day and year first above
written.

 

TRS BABSON I LLC By:   DEUTSCHE BANK AG CAYMAN ISLANDS BRANCH,   ITS SOLE MEMBER
By:  

DB SERVICES NEW JERSEY, INC.

  Name of Lender By:  

/s/ Alice L. Wagner

Name:   Alice L. Wagner Title:   Vice President If second signature is
necessary: By:  

/s/ Angeline Quintaria

Name:   Angeline Quintaria Title:   Assistant Vice President

[Signature Page to Majority Consent Amendment]

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

IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly
executed by their respective officers as of the day and year first above
written.

 

Grand Central Asset Trust, Cameron I Series

 

Name of Lender By:  

/s/ Andrew Valko

Name:   Andrew Valko Title:   Attorney-In-Fact If second signature is necessary:
By:  

 

Name:   Title:  

[Signature Page to Majority Consent Amendment]

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

IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly
executed by their respective officers as of the day and year first above
written.

 

The Governor and Company of the Bank of Ireland

Name of Lender

By:  

/s/ Carl Andresen

Name:   Carl Andresen Title:   Director If second signature is necessary: By:  

/s/ Ed Boyle

Name:   Ed Boyle Title:   Senior Vice President

[Signature Page to Majority Consent Amendment]

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

IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly
executed by their respective officers as of the day and year first above
written.

 

INWOOD PARK CDO LTD. By:  

Blackstone Debt Advisors L.P.

as Collateral Manager

By:  

/s/ Dean T. Criares

Name:   Dean T. Criares Title:   Authorized Signatory

[Signature Page to Majority Consent Amendment]

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

IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly
executed by their respective officers as of the day and year first above
written.

 

RIVERSIDE PARK CLO LTD. By:  

GSO Debt Funds Management LLC

as Collateral Manager

By:  

/s/ Dean T. Criares

Name:   Dean T. Criares Title:   Authorized Signatory

[Signature Page to Majority Consent Amendment]

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

IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly
executed by their respective officers as of the day and year first above
written.

 

Genesis CLO 2007-1 Ltd.

Name of Lender By:   Ore Hill Partners LLC Its:   Attorney -In-Fact By:  

/s/ Claude A. Brum

Name:   Claude A. Brum, Esq. Title:   General Counsel If second signature is
necessary: By:  

 

Name:   Title:  

[Signature Page to Majority Consent Amendment]

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

IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly
executed by their respective officers as of the day and year first above
written.

 

SIERRA CLO II

Name of Lender By:  

/s/ John M. Casparian

Name:   John M. Casparian Title:   Co-President   Churchill Pacific Asset
Management If second signature is necessary: By:  

 

Name:   Title:  

[Signature Page to Majority Consent Amendment]

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

IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly
executed by their respective officers as of the day and year first above
written.

WHITNEY CLO I

Name of Lender By:  

/s/ John M. Casparian

Name:   John M. Casparian Title:   Co-President   Churchill Pacific Asset
Management If second signature is necessary: By:  

 

Name:   Title:  

[Signature Page to Majority Consent Amendment]

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

IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly
executed by their respective officers as of the day and year first above
written.

 

CIT CLO I LTD. By: CIT Asset Management LLC as Lender By:  

/s/ Roger M. Burns

Name:   Roger M. Burns Title:   President If second signature is necessary: By:
 

 

Name:   Title:  

[Signature Page to Majority Consent Amendment]

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

IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly
executed by their respective officers as of the day and year first above
written.

 

The CIT Group / Equipment Financing, Inc. By:  

/s/ Terence Sullivan

Name:   Terence Sullivan Title:   Managing Director   CIT Group If second
signature is necessary: By:  

 

Name:   Title:  

[Signature Page to Majority Consent Amendment]

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

IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly
executed by their respective officers as of the day and year first above
written.

 

Watchtower CLO I PLC

Name of Lender By: Citadel Limited Partnership, Collateral Manager By: Citadel
Investment Group, L.L.C., its General Partner By:  

/s/ Erica Tarpey

Name:   Erica Tarpey Title:   Authorized Signer If second signature is
necessary: By:  

 

Name:   Title:  

[Signature Page to Majority Consent Amendment]

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

IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly
executed by their respective officers as of the day and year first above
written.

 

ColumbusNova CLO Ltd. 2007-I

Name of Lender By:  

/s/ David Felty

Name:   David Felty Title:   Director If second signature is necessary: By:  

 

Name:   Title:  

[Signature Page to Majority Consent Amendment]

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

IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly
executed by their respective officers as of the day and year first above
written.

 

CIFC Funding 2007-I, Ltd.

Name of Lender By:  

/s/ Stephen J. Vaccaro

Name:   Stephen J. Vaccaro Title:   Co-Chief Investment Officer If second
signature is necessary: By:  

 

Name:   Title:  

[Signature Page to Majority Consent Amendment]

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

IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly
executed by their respective officers as of the day and year first above
written.

 

Credit Suisse, Cayman Island Branch

Name of Lender By:  

/s/ Robert Hetu

Name:   Robert Hetu Title:   Managing Director If second signature is necessary:
By:  

/s/ Christopher Reo Day

Name:   Christopher Reo Day Title:   Associate

[Signature Page to Majority Consent Amendment]

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

IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly
executed by their respective officers as of the day and year first above
written.

 

Madison Park Funding IV, Ltd.

Name of Lender

By: Credit Suisse Alternative Capital, Inc.,

as collateral manager

By:  

/s/ Thomas Flannery

Name:   Thomas Flannery Title:   Authorized Signatory If second signature is
necessary: By:  

 

Name:   Title:  

[Signature Page to Majority Consent Amendment]

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

IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly
executed by their respective officers as of the day and year first above
written.

 

Aurum CLO 2002-Ltd.

Name of Lender

By: Deutsche Investment Management Americas, Inc.

(as successor in interest to Deutsche Asset Management, Inc.),

as Collateral Manager

By:  

/s/ Eric S. Meyer

Name:   Eric S. Meyer Title:   Managing Director If second signature is
necessary: By:  

/s/ Phuong T. Le

Name:   Phuong T. Le Title:   Director

[Signature Page to Majority Consent Amendment]

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

IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly
executed by their respective officers as of the day and year first above
written.

 

Foothill CLO I, Ltd.

Name of Lender By: The Foothill Group, Inc. as attorney-in-fact By:  

/s/ Sanjay Roy

Name:   Sanjay Roy Title:   Vice President If second signature is necessary: By:
 

 

Name:   Title:  

[Signature Page to Majority Consent Amendment]

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

IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly
executed by their respective officers as of the day and year first above
written.

 

The Foothill Group, Inc.

Name of Lender By:  

/s/ Sanjay Roy

Name:   Sanjay Roy Title:   Vice President If second signature is necessary: By:
 

 

  Name:   Title:

[Signature Page to Majority Consent Amendment]

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

IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly
executed by their respective officers as of the day and year first above
written.

 

Fraser Sullivan CLO I Ltd.

Name of Lender

By: Fraser Sullivan Investment Management, LLC

as Collateral Manager

By:  

/s/ John W. Fraser

Name:   John W. Fraser Title:   Managing Partner If second signature is
necessary: By:  

 

Name:   Title:  

[Signature Page to Majority Consent Amendment]

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

IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly
executed by their respective officers as of the day and year first above
written.

 

Fraser Sullivan CLO II Ltd.

Name of Lender

By: Fraser Sullivan Investment Management, LLC

as Collateral Manager

By:  

/s/ John W. Fraser

Name:   John W. Fraser Title:   Managing Partner If second signature is
necessary: By:  

 

Name:   Title:  

[Signature Page to Majority Consent Amendment]

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

IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly
executed by their respective officers as of the day and year first above
written.

 

General Electric Capital Corporation By:  

/s/ Marie G. Mollo

Name:   Marie G. Mollo Title:   Duly Authorized Signatory

[Signature Page to Majority Consent Amendment]

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

IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly
executed by their respective officers as of the day and year first above
written.

 

ING Investment Management CLO III, LTD.

By: ING Alternative Asset Management LLC,

as its investment manager

By:

 

/s/ Theodore M. Haag

Name:

  Theodore M. Haag

Title:

  Senior Vice President

ING Investment Management CLO V, LTD.

By: ING Alternative Asset Management LLC,

as its investment advisor

By:

 

/s/ Theodore M. Haag

Name:

  Theodore M. Haag

Title:

  Senior Vice President

[Signature Page to Majority Consent Amendment]

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

IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly
executed by their respective officers as of the day and year first above
written.

 

NZC GUGGENHEIM MASTER FUND LIMTED

Name of Lender

By: Guggenheim Investment Management, LLC

as Manager

By:  

/s/ Katilin Trinh

Name:   Katilin Trinh Title:   Director If second signature is necessary: By:  

 

Name:   Title:  

[Signature Page to Majority Consent Amendment]

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

IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly
executed by their respective officers as of the day and year first above
written.

 

ATLANTIS FUNDING LTD.

Name of Lender

By: INVESCO Senior Secured Management, Inc.

As Collateral Manager

By:  

/s/ Thomas Ewald

Name:   Thomas Ewald Title:   Authorized Signatory If second signature is
necessary: By:  

 

Name:   Title:  

[Signature Page to Majority Consent Amendment]

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

IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly
executed by their respective officers as of the day and year first above
written.

 

Atlas Loan Funding (Navigator), LLC

Name of Lender By:  

/s/ Heather M. Jousma

Name:   Heather M. Jousma Title:   Authorized Signatory If second signature is
necessary: By:  

 

Name:   Title:    

[Signature Page to Majority Consent Amendment]

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

IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly
executed by their respective officers as of the day and year first above
written.

 

KATONAH V, LTD.

Name of Lender By: INVESCO Senior Secured Management, Inc. As Investment Manager
By:  

/s/ Thomas Ewald

Name:   Thomas Ewald Title:   Authorized Signatory If second signature is
necessary: By:  

 

Name:   Title:  

[Signature Page to Majority Consent Amendment]

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

IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly
executed by their respective officers as of the day and year first above
written.

 

JFIN CLO 2007 LTD. By: Jefferies Finance LLC as Collateral Manager By:  

/s/ Kenneth M. Gacevich

Name:   Kenneth M. Gacevich Title:   Managing Director

[Signature Page to Majority Consent Amendment]

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

IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly
executed by their respective officers as of the day and year first above
written.

 

J. P. Morgan Whitefriars Inc.

Name of Lender By:  

/s/ Virginia R. Conway

Name:   Virginia R. Conway Title:   Attorney-In-Fact

[Signature Page to Majority Consent Amendment]

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

IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly
executed by their respective officers as of the day and year first above
written.

 

Genesis CLO 2007-2 Ltd

Name of Lender By:   LLCP Advisors as Collateral Manager By:  

/s/ Steve Hartman

Name:   Steve Hartman Title:   If second signature is necessary: By:  

 

Name:   Title:  

[Signature Page to Majority Consent Amendment]

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

IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly
executed by their respective officers as of the day and year first above
written.

 

NATIXIS

Name of Lender By:  

/s/ Frank H. Madden, Jr.

Name:   Frank H. Madden, Jr. Title:   Managing Director If second signature is
necessary: By:  

/s/ Christian Paragot-Rieutort

Name:   Christian Paragot-Rieutort Title:   Associate Director

[Signature Page to Majority Consent Amendment]

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

IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly
executed by their respective officers as of the day and year first above
written.

 

Perella Weinberg Partners Xerion Master Fund Ltd.

Name of Lender By:  

/s/ Aaron Hood

Name:   Aaron Hood Title:   COO If second signature is necessary: By:  

 

Name:   Title:  

[Signature Page to Majority Consent Amendment]

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

IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly
executed by their respective officers as of the day and year first above
written.

 

TD Bank, N.A.

Name of Lender By:  

/s/ John Topolovec

Name:   John Topolovec Title:   Vice President

[Signature Page to Majority Consent Amendment]

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

IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly
executed by their respective officers as of the day and year first above
written.

 

Telus CLO 2006-1, Ltd. by Tricadea Loan Management

Name of Lender By:  

/s/ John McCormick

Name:   John McCormick Title:   Managing Director If second signature is
necessary: By:  

 

Name:   Title:  

[Signature Page to Majority Consent Amendment]

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

IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly
executed by their respective officers as of the day and year first above
written.

 

WellPoint, Inc.

Name of Lender By: Whippoorwill Associates, Inc. Its Agent and Authorized
Signatory By:  

/s/ Shelley F. Greenhaus

Name:   Shelley F. Greenhaus Title:   Principal If second signature is
necessary: By:  

 

Name:   Title:  

[Signature Page to Majority Consent Amendment]

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IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly
executed by their respective officers as of the day and year first above
written.

 

Whippoorwill Associates, Inc. Profit Sharing Plan

Name of Lender By: Whippoorwill Associates, Inc. Its Agent and Authorized
Signatory By:  

/s/ Shelley F. Greenhaus

Name:   Shelley F. Greenhaus Title:   Principal If second signature is
necessary: By:  

 

Name:   Title:  

[Signature Page to Majority Consent Amendment]

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IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly
executed by their respective officers as of the day and year first above
written.

 

Whippoorwill Distressed Opportunity Fund, L.P.

Name of Lender By: Whippoorwill Associates, Inc. Its Agent and Authorized
Signatory By:  

/s/ Shelly F. Greenhaus

Name:   Shelley F. Greenhaus Title:   Principal If second signature is
necessary: By:  

 

Name:   Title:  

[Signature Page to Majority Consent Amendment]

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IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly
executed by their respective officers as of the day and year first above
written.

 

Whippoorwill Offshore Distressed Opportunity Fund, Ltd.

Name of Lender By: Whippoorwill Associates, Inc. Its Agent and Authorized
Signatory By:  

/s/ Shelley F. Greenhaus

Name:   Shelley F. Greenhaus Title:   Principal If second signature is
necessary: By:  

 

Name:   Title:  

[Signature Page to Majority Consent Amendment]