EX-10.2 AMEND N0.1 TO AND UNDER WAIVER BY REQUIRED






EXHIBIT
10.2




AMENDMENT No. 1




     This AMENDMENT No. 1, dated as of May 29, 2008 (this “Amendment”), to and under the
Waiver (the “Waiver”), dated as of March 14, 2008, by and among DEERFIELD CAPITAL CORP, a
Maryland corporation (the “Parent”), DEERFIELD & COMPANY LLC, an Illinois limited liability
company (the “Issuer”) and the Required Holders (as defined in the Note Purchase Agreement
referred to below).



RECITALS:




     WHEREAS, the Issuer, the Parent and each Holder have entered into that certain Series B Note
Purchase Agreement, dated as of December 21, 2007 (as amended, modified or restated prior to the
date hereof, including by the Waiver, the “Note Purchase Agreement”). Capitalized terms
used but not defined in this Waiver shall have the meanings that are set forth in the Note Purchase
Agreement;



     WHEREAS, certain terms of the Note Purchase Agreement were waived or modified by the Waiver;
and



     WHEREAS, the parties hereto desire to amend the Waiver as set forth in this Amendment.



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



SECTION 1. AMENDMENT TO THE WAIVER




     1.1 Section 2 (Modification of Specified Covenant) of the Waiver. Section 2 of the
Waiver is hereby amended by deleting the date “March 31, 2009” from paragraph (a) thereof and
replacing it with the date “December 31, 2009.”



SECTION 2. MISCELLANEOUS




     2.1 Binding Effect. This Amendment shall be binding upon the parties hereto and their
respective successors and assigns and shall inure to the benefit of the parties hereto and the
successors and assigns of the Holders.



     2.2 Severability. In case any provision in or obligation hereunder shall be invalid,
illegal or unenforceable in any jurisdiction, the validity, legality and enforceability of the
remaining provisions or obligations, or of such provision or obligation in any other jurisdiction,
shall not in any way be affected or impaired thereby.



     2.3 Reference to Waiver. On and after the date hereof, each reference in the Waiver
to “this Waiver”, “hereunder”, “hereof”, “herein” or words of like import referring to the Waiver,
and each reference in the other Note Documents to the “Waiver”, “thereunder”, “thereof” or words of
like import referring to the Waiver shall mean and be a reference to the Waiver as amended by this
Amendment.



     2.4 Effect on Waiver. Except as specifically amended by this Amendment, the Waiver
and the other Note Documents shall remain in full force and effect and are hereby ratified and
confirmed.



 









 





     2.5 Execution. The execution, delivery and performance of this Amendment shall not,
except as expressly provided herein, constitute a waiver of any provision of, or operate as a
waiver of any right, power or remedy of any Agent or Holder under, the Waiver or any of the other
Note Documents.



     2.6 Headings. Section headings herein are included herein for convenience of
reference only and shall not constitute a part hereof for any other purpose or be given any
substantive effect.



     2.7 APPLICABLE LAW. THIS AMENDMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES
HEREUNDER SHALL BE GOVERNED BY, AND SHALL BE CONSTRUED AND ENFORCED IN ACCORDANCE WITH, THE LAWS OF
THE STATE OF NEW YORK WITHOUT REGARD TO CONFLICT OF LAWS PRINCIPLES THEREOF THAT WOULD REQUIRE THE
APPLICATION OF LAWS OTHER THAN THOSE OF THE STATE OF NEW YORK.



     2.8 Expenses. The Parent, the Issuer and their respective Subsidiaries agree to pay
all reasonable attorneys’ fees and disbursements incurred by the Administrative Holder and the
Collateral Agent in connection with this Amendment on demand.



     2.9 Counterparts. This Amendment may be executed in any number of counterparts, each
of which when so executed and delivered shall be deemed an original, but all such counterparts
together shall constitute but one and the same instrument.



     2.10 Note Document. This Amendment is a Note Document (as defined in the Note
Purchase Agreement).



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



	 	 	 	 	 
	 	PARENT:



DEERFIELD CAPITAL CORP.

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




	 	 	 	 	 
	 	ISSUER:



DEERFIELD & COMPANY LLC

 	 
	 	By:  	/s/ Robert A. Contreras
 	 
	 	 	Name:  	Robert A. Contreras
	 
	 	 	Title:  	General Counsel




 









 






	 	 	 	 	 



	 	 	 	 	 
	 	GHS 2006 SCM TRUST

 	 
	 	By:  	/s/ Gerald M. Sachs, Trustee
 	 
	 	 	Name:  	Gerald M. Sachs 	 
	 	 	Title:  	Trustee 	 



 









 





	 	 	 	 	 
	 	GHS 2008 SCM TRUST

 	 
	 	By:  	/s/ Gerald M. Sachs, Trustee
 	 
	 	 	Name:  	Gerald M. Sachs 	 
	 	 	Title:  	Trustee	 
	 





 












 






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