<PAGE>
                                                                    Exhibit 10.2

                                 AMENDMENT NO. 1

          AMENDMENT NO. 1 (this "Amendment"), dated as of September 26, 2005, to
that certain Credit Agreement, dated as of February 24, 2005 (the "Credit
Agreement"; capitalized terms used herein and not defined shall have the
meanings set forth in the Credit Agreement), among SELECT MEDICAL HOLDINGS
CORPORATION ("Holdings"), SELECT MEDICAL CORPORATION (the "Borrower"), JPMORGAN
CHASE BANK, N.A., as Administrative Agent and Collateral Agent (the
"Administrative Agent" and the "Collateral Agent" respectively), WACHOVIA BANK,
NATIONAL ASSOCIATION, as Syndication Agent, MERRILL LYNCH, PIERCE, FENNER &
SMITH INCORPORATED and CIBC INC., as Co-Documentation Agents, and the several
banks and other financial institutions from time to time party thereto as
lenders (the "Lenders").

                                   WITNESSETH:

          WHEREAS, Section 9.02 of the Credit Agreement permits the Credit
Agreement to be amended from time to time;

          NOW, THEREFORE, in consideration of the foregoing, and for other good
and valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, the parties hereto hereby agree as follows:

          SECTION ONE. Amendments.

          (a) Section 1.01 of the Credit Agreement is hereby amended as follows:

               (1) by inserting the definitions of the following terms in the
          appropriate alphabetical order:

          "Qualified Holdings Floating Rate Notes" means the Senior Floating
     Rate Notes due 2015 to be issued by Holdings (and not supported by any
     Guarantee) in the aggregate principal amount of up to $175,000,000 and the
     Indebtedness represented thereby."

          "Qualified Holdings Floating Rate Notes Documents" means the indenture
     in respect of the Qualified Holdings Floating Rate Notes and all other
     instruments, agreements and other documents evidencing or governing the
     Qualified Holdings Floating Rate Notes."

          "Long Term Incentive Plan" means the Select Medical Holdings
     Corporation Long-Term Cash Incentive Plan as amended and as in effect on
     September 29, 2005.


<PAGE>

                                       -2-


               (2) by deleting the words "that has not been" in clause (a) of
          the definition of "Available Amount",

               (3) in the definition of the term "Consolidated EBITDA", by (i)
          replacing the words "the Borrower and its subsidiaries" with the words
          "the Borrower, its subsidiaries and, solely for the purposes of
          calculating the Interest Expense Coverage Ratio under Section 6.12,
          Holdings," in clause (a)(i), (ii) replacing "and (xi)" in clause (a)
          with ", (xi)" and (iii) inserting at the end of clause (a)(xi) the
          words "(xii) solely for purposes of determining compliance with the
          Financial Performance Covenants, (A) any non-recurring fees, cash
          charges or other cash expenses incurred in connection with the
          issuance of the Qualified Holdings Floating Rate Notes and any related
          transactions in an aggregate amount not to exceed $4.0 million and (B)
          any payment required to be made under the Long Term Incentive Plan in
          an aggregate amount not to exceed $14.3 million, solely as a result of
          Restricted Payments made by Holdings pursuant to 6.08(a)(xvi)",

               (4) by inserting the words "Qualified Holdings Floating Rate
          Notes Documents," after the words "Senior Subordinated Notes
          Documents" in clause (e) of the definition of "Change in Control", and

               (5) by deleting clause (f) in the definition of the term
          "Transactions" and replacing it with "(f) the execution, delivery and
          performance by each Loan Party of the Senior Subordinated Notes
          Documents and, for purposes of Article III, the Qualified Holdings
          Floating Rate Notes Documents to which it is to be a party, the
          issuance of the Senior Subordinated Notes and, for purposes of Article
          III, the Qualified Holdings Floating Rate Notes and the use of the
          proceeds thereof,".

          (b) Section 5.01(d) of the Credit Agreement is hereby amended by
inserting "commencing with the delivery of audited financial statements of the
Borrower for the fiscal year ended December 31, 2005," before the word
"concurrently";

          (c) Section 6.01(a) of the Credit Agreement is hereby amended by (1)
deleting "and" at the end of clause (xvii), (2) replacing the period at the end
of clause (xviii) with "; and" and (c) inserting the following at the end
thereof:

          "(xix) in the case of Holdings, the Qualified Holdings Floating Rate
     Notes."

          (d) Section 6.03(c) is hereby amended by (a) adding a closing
parenthesis after the word "thereto" and before the period at the end thereof
and (b) inserting a new sentence at the end thereof as follows:

<PAGE>

                                       -3-


          "Notwithstanding the foregoing, Holdings shall be permitted to enter
     into transactions, engage in activities and maintain assets or incur
     liabilities in respect of the Qualified Holdings Floating Rate Notes or
     Swap Agreements related to Indebtedness of Holdings permitted hereunder."

          (e) Section 6.07 is hereby amended by inserting "Holdings," before the
words "the Borrower" in clause (b) thereof.

          (f) Section 6.08(a) of the Credit Agreement is amended by (i)
replacing clause (ix) thereof with the following:

          "(ix) the Borrower may make Restricted Payments to Holdings in an
     amount necessary to permit Holdings to pay (or to make Restricted Payments
     to allow a Parent to pay) interest in cash (including interest previously
     paid "in kind" or added to the principal amount thereof) on (x) Qualified
     Holdings Floating Rate Notes, (y) Holdings Senior Subordinated Notes or (z)
     additional Qualified Holdings Debt, but, in the case of this clause (z),
     only to the extent the proceeds (together with a pro rata portion of
     related transaction expenses paid from such proceeds) of such additional
     Qualified Holdings Debt were used to make Capital Expenditures (without
     giving effect to the proviso in the definition of the term "Capital
     Expenditures"), prepay Tranche B Term Loans, make Investments pursuant to
     Section 6.04(xvii) or repay, redeem, defease or otherwise refinance the
     Holdings Senior Subordinated Notes (or any Qualified Holdings Debt
     previously issued hereunder) or were Otherwise Applied, provided that (A)
     the Borrower has made all prepayments required pursuant to Section 2.11(d)
     prior to or contemporaneously with any such payment of interest, (B) no
     Default has occurred and is continuing or would result therefrom and (C)
     all Restricted Payments made pursuant to this clause (ix) are used by
     Holdings or a Parent for the purposes specified herein within 20 days of
     receipt thereof;"

          (ii) deleting the word "and" at the end of clause (xiv), (iii)
     replacing the period at the end of clause (xv) with a semicolon and by
     inserting new clauses (xvi) and (xvii) as follows:

          "(xvi) Holdings may make Restricted Payments with the Net Proceeds
     received by Holdings from any issuance of the Qualified Holdings Floating
     Rate Notes to the extent such Net Proceeds are not contributed or otherwise
     received by the Borrower or any of the Subsidiaries; provided that no
     Default or Event of Default has occurred and is continuing or would result
     therefrom; and

          (xvii) the Borrower may make Restricted Payments to Holdings in
     amounts up to (i) $4.0 million to pay fees and expenses in connection with
     the issuance of the Qualified Holdings Floating Rate Notes and (ii) $14.3
     million to pay obligations due under the Long Term Incentive Plan solely as
     a result of Restricted Payments made


<PAGE>

                                       -4-


     pursuant to clause (xvi) above; provided that (A) no Default or Event of
     Default has occurred and is continuing or would result therefrom and (B)
     such Restricted Payments are used by Holdings for the purposes specified
     herein within 20 days of receipt thereof."

          (g) Section 6.10(b) is hereby amended by inserting the words
"Qualified Holdings Debt, Qualified Holdings Floating Rate Notes Document" after
the words "Senior Subordinated Notes Document" in clause (i) thereof.

          SECTION TWO. Conditions to Effectiveness. This Amendment shall become
effective as of the date (the "Effective Date") when, and only when, (a) the
Administrative Agent shall have received counterparts of this Amendment executed
by the Borrower and the Required Lenders and (b) the Borrower has paid to the
Administrative Agent for the account of each Lender which shall have executed
this Amendment, an amendment fee equal to 0.05% of such Lender's Tranche B
Commitments and Revolving Commitments. The effectiveness of this Amendment
(other than Sections Five, Six and Seven hereof) is conditioned upon the
accuracy of the representations and warranties set forth in Section Three
hereof.

          SECTION THREE. Representations and Warranties. In order to induce the
Lenders and the Administrative Agent to enter into this Amendment, the Borrower
represents and warrants to each of the Lenders and the Administrative Agent
that, after giving effect to this Amendment, and both before and after giving
effect to the transactions contemplated by this Amendment

          (a) no Default or Event of Default has occurred and is continuing; and

          (b) each of the representations and warranties made by each of the
Loan Parties in or pursuant to the Loan Documents are true and correct in all
material respects on and as of the date hereof as if made on the date hereof
(or, if any such representation or warranty is expressly stated to have been
made as of a specific date, as of such specific date).

          SECTION FOUR. Reference to and Effect on the Loan Documents. On and
after the Effective Date, each reference in the Credit Agreement to "this
Agreement," "hereunder," "hereof" or words of like import referring the Credit
Agreement, and each reference in the Notes and each of the other Loan Documents
to "the Credit Agreement," "thereunder," "thereof" or words of like import
referring to the Credit Agreement, shall mean and be a reference to the Credit
Agreement, as amended by this Amendment. The Credit Agreement, the Notes and
each of the other Loan Documents, as specifically amended by this Amendment, are
and shall continue to be in full force and effect. The execution, delivery and
effectiveness of this Amendment shall not, except as expressly provided herein,
operate as a waiver of any right, power or remedy of any Lender or any Agent
under any of the Loan Documents, nor constitute a waiver of any provision of any
of the Loan Documents.

<PAGE>

                                       -5-


          SECTION FIVE. Costs, Expenses and Taxes. The Borrower agrees to pay
all reasonable out-of-pocket expenses incurred by the Administrative Agent in
connection with the preparation, execution and delivery of this Amendment and
the other instruments and documents to be delivered hereunder, if any
(including, without limitation, the reasonable fees, charges and disbursements
of Cahill Gordon & Reindel LLP, counsel to the Lenders) in accordance with the
terms of Section 9.03 of the Credit Agreement.

          SECTION SIX. Execution in Counterparts. This Amendment may be executed
in counterparts (and by different parties hereto on different counterparts),
each of which shall constitute an original, but all of which when taken together
shall constitute a single contract. Delivery of an executed counterpart of a
signature page to this Amendment by telecopy shall be effective as delivery of a
manually executed counterpart of this Amendment.

          SECTION SEVEN. Governing Law. THIS AMENDMENT AND THE RIGHTS AND
OBLIGATIONS OF THE PARTIES UNDER THIS AMENDMENT SHALL BE CONSTRUED AND GOVERNED
BY, IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK.

                            [Signature Pages Follow]
<PAGE>

                                        SELECT MEDICAL CORPORATION,
                                         as the Borrower

                                        By: /s/ Michael E. Tarvin
                                            ---------------------------------
                                            Name: Michael E. Tarvin
                                            Title: Sr. Vice President
                                                   General Counsel and Secretary

                                        SELECT MEDICAL HOLDINGS CORPORATION

                                        By: /s/ Michael E. Tarvin
                                            ---------------------------------
                                            Name: Michael E. Tarvin
                                            Title: Sr. Vice President
                                                   General Counsel and Secretary



<PAGE>

                                           JPMORGAN CHASE BANK, N.A.,
                                            as Administrative Agent

                                           By: /s/ BRUCE BORDEN
                                               ---------------------------------
                                               Name: BRUCE BORDEN
                                               Title: VICE PRESIDENT


<PAGE>

                                           Wachovia Bank, National Association,
                                            as Lender

                                           By: /s/ Richard Nelson
                                               ---------------------------------
                                               Name: Richard Nelson
                                               Title: Vice President


<PAGE>

                                           MERRILL LYNCH CAPITAL CORPORATION,
                                            as Lender

                                           By: /s/ Michael E. O'Brien
                                               ---------------------------------
                                               Name: Michael E. O'Brien
                                               Title: Vice President


<PAGE>

                                       CIBC INC., as Lender

                                       By: /s/ George Knight
                                           ---------------------------------
                                           Name: George Knight
                                           Title: Authorized Signatory CIBC Inc.



<PAGE>

                                           PNC Bank, National Association,
                                           as Lender

                                           By: /s/ Marie T. Boyer
                                               ---------------------------------
                                               Name: Marie T. Boyer
                                               Title: Vice President



<PAGE>

                                           GENERAL ELECTRIC CAPITAL CORPORATION,
                                            as Lender

                                           By: /s/ David R. Campbell
                                               ---------------------------------
                                               Name: David R. Campbell
                                               Title: Its Duly Authorized
                                                      Signatory


<PAGE>

                                           Citizens Bank of Pennsylvania,
                                            as Lender

                                           By: /s/ Joseph N. Butto
                                               ---------------------------------
                                               Name: Joseph N. Butto
                                               Title: Senior Vice President

<PAGE>

                                           ING CAPITAL LLC, as Lender

                                           By: /s/ Mike Garvin
                                               ---------------------------------
                                               Name: Mike Garvin
                                               Title: Director

                           Select Medical Corporation
                                Credit Agreement

<PAGE>

                                       BOLDWATER CREDIT OPPORTUNITIES
                                         MASTER FUND LP, as Lender

                                       By: Boldwater Capital Management LP,
                                       The Investment Manager

                                       By: /s/ Martin E. Kalisker
                                           --------------------------------
                                           Name:  Martin E. Kalisker
                                           Title: CFO

                           Select Medical Corporation
                                Credit Agreement

<PAGE>

                               47th Street Funding II Inc.
                               ---------------------------------------------,
                               as Lender

                               By: /s/ David M. Millison
                                   -----------------------------------------
                                   Name:  David M. Millison
                                   Title: Managing Director

<PAGE>
                               1888 FUND, LTD.
                               ---------------------------------------------,
                               as Lender

                               By: /s/ Kaitlin Trinh
                                   -----------------------------------------
                                   Name:  Kaitlin Trinh
                                   Title: Director

<PAGE>

                               Ameriprise Certificate Company
                               By: RiverSource Investments, LLC as
                               Collateral Manager
                               ---------------------------------------------,
                               as Lender

                               By: /s/ Yvonne E. Stevens
                                   -----------------------------------------
                                   Name: Yvonne E. Stevens
                                   Title: Senior Managing Director

<PAGE>

                               Aralesquer Trust
                               ---------------------------------------------,
                               as Lender

                               By: /s/ William S. Watkins
                                   -----------------------------------------
                                   Name:  William S. Watkins
                                   Title: Authorized Signatory

<PAGE>

                               Atlas Capital Funding, Ltd.
                               By Structured Asset Investors, LLC
                               Its Investment Manager,
                               as Lender

                               By: /s/ Bryen P. McGrath
                                   -----------------------------------------
                                   Name:  Bryen P. McGrath
                                   Title: Vice President

<PAGE>

                               Atrium CDO
                               ---------------------------------------------,
                               as Lender

                               By: /s/ ANDREW H. MARSHAK
                                   -----------------------------------------
                                   Name:  ANDREW H. MARSHAK
                                   Title: AUTHORIZED SIGNATORY

<PAGE>

                               Atrium IV
                               ---------------------------------------------
                               as Lender

                               By: /s/ ANDREW H. MARSHAK
                                   -----------------------------------------
                                   Name:  ANDREW H. MARSHAK
                                   Title: AUTHORIZED SIGNATORY

<PAGE>

                               AUGUSTA TRADING LLC
                               ---------------------------------------------,
                               as Lender

                               By: /s/ Anna M. Tallent
                                   -----------------------------------------
                                   Name:  Anna M. Tallent
                                   Title: Assistant Vice President

<PAGE>

                               AVENUE CLO II. LIMITED,
                               ---------------------------------------------
                               as Lender

                               By: /s/ Richard D'Addario
                                   -----------------------------------------
                                   Name: Richard D'Addario
                                   Title: Senior Portfolio Manager
<PAGE>

                                BABSON CLO LTD. 2004-I
                                BABSON CLO LTD. 2004-II
                                BABSON CLO LTD.2005-I
                                SUFFIELD CLO, LIMITED
                                By: Babson Capital Management LLC as
                                Collateral Manager

                                By: /s/ William A. Hayes
                                    ----------------------------------
                                    Name:  WILLIAM A. HAYES
                                    Title: Managing Director

                                MAPLEWOOD (CAYMAN) LIMITED
                                By: Babson Capital Management LLC as
                                Investment Manager

                                By: /s/ William A. Hayes
                                    ----------------------------------
                                Name:  WILLIAM A. HAYES
                                Title: Managing Director

                                BILL & MELINDA GATES FOUNDATION
                                By: Bahson Capital Management LLC as
                                Investment Adviser

                                By: /s/ William A. Hayes
                                    ----------------------------------
                                Name:  WILLIAM A. HAYES
                                Title: Managing Director

<PAGE>

                                Bank of America, N.A., as Lender

                                By: /s/ Edward A. Hamilton
                                   -----------------------------------
                                   Name: Edward A. Hamilton
                                   Title: Senior Vice President

<PAGE>

                                  Bear Steams Institutional Loan
                                          Master Fund
                                By: Bear Steams Asset Management Inc.
                                      As its attorney-in-fact

                                --------------------------------------
                                as Lender

                                By: /s/ Niall D. Rosenzweig
                                    -------------------------------------
                                        Name: Niall D. Rosenzweig
                                        Title: Managing Director

<PAGE>

                                Braymoor & Co.
                                By: Bear Steams Asset Management, Inc.
                                as its attorney-In-fact

                                --------------------------------------
                                as Lender

                                By: /s/ Niall D. Rosenzweig
                                   -----------------------------------
                                   Name: Niall D. Rosenzweig
                                   Title: Managing Director

<PAGE>

                                Bushnell CBNA Loan Funding LLC, for itself or
                                as agent for Bushnell CFPI Loan Funding LLC.

                                --------------------------------------
                                as Lender

                                By: /s/ Beata Konoplco
                                    -----------------------------------
                                    Name: Beata Konoplco
                                    Title: Attorney In Fact

<PAGE>

                                By: Calichus Debt Partner CLU
                                       Fund II, Ltd.
                                   By: Its Calichus Manager,
                                Calichus Capital Management, LLC

                                --------------------------------------
                                as Lender

                                By: /s/  Wayne Mueller
                                   -----------------------------------
                                   Name: Wayne Mueller
                                   Title: SENIOR MANAGING DIRECTOR

<PAGE>

                                [ILLEGIBLE]

                                --------------------------------------
                                as Lender

                                By: /s/ [ILLEGIBLE]
                                    ----------------------------------
                                Name: [ILLEGIBLE]
                                Title: [ILLEGIBLE]
<PAGE>

                                Castle Garden
                                --------------------------------------
                                as Lender

                                By: /s/ Andrew H. Marshak
                                    -----------------------------------
                                    Name:   ANDREW H. MARSHAK
                                    Title:  AUTHORIZED SIGNATORY


<PAGE>

NOMURA CORPORATE RESEARCH
AND ASSET MANAGEMENT INC.       /s/ Centaurus Loan Trust
           AS                   ----------------------------
   INVESTMENT ADVISER           as Lender

                                By: /s/ Elizabeth MacLean
                                    -----------------------------------
                                    Name: Elizabeth MacLean
                                    Title: Director
<PAGE>
                                Centurion CDO II, Ltd.
                                By: RiverSource Investments, LLC as
                                Collateral Manager
                                --------------------------------------
                                as Lender

                                By: /s/ Vincent P. Pham
                                   -----------------------------------
                                   Name:  Vincent P. Pham
                                   Title: Director - Operations


<PAGE>
                                      Centurion CDO VI, Ltd.
                                      By: RiverSource Investments, LLC as
                                      Collateral Manager
                               -------------------------------------------
                               as Lender

                               By:    /s/ Vincent P. Pham
                                      ---------------------
                                      Name: Vincent P. Pham
                                      Title: Director - Operations

<PAGE>

                                      Centurion CDO VII, Ltd.
                                      By: RiverSource Investments, LLC as
                                      Collateral Manager
                               -----------------------------------------------
                               as Lender

                               By:    /s/ Vincent P. Pham
                                      --------------------------------------
                                      Name: Vincent P. Pham
                                      Title: Director - Operations

<PAGE>

                                      Centurion CDO 8, Limited
                                      By: RiverSource Investments, LLC as
                                      Collateral Manager
                               -----------------------------------------------
                               as Lender

                               By:    /s/ Vincent P. Pham
                                      -----------------------------------------
                                      Name: Vincent P. Pham
                                      Title: Director - Operations

<PAGE>

                                      Centurion CDO 9, Limited
                                      By: RiverSource Investments, LLC as
                                      Collateral Manager
                               -------------------------------------------------
                               as Lender

                               By:    /s/ Vincent P. Pham
                                      ------------------------------
                                      Name: Vincent P. Pham
                                      Title: Director - Operations

<PAGE>

Citicorp North America, Inc.

By: /s/ Rob Ziemer                    Address for notices to Citicorp North
    --------------------------        America, Inc.
    Name: Rob Ziemer
    Title: VP
                                      CITICORP NORTH AMERICA, INC.
                                      390 Greenwich Street
                                      New York, NY 10013
                                      Attention: Robert Ziemer, Global Loan
                                      Portfolio Management
                                      Facsimile 646-291-1655
                                      E-Mail Address: rob.ziemer@citicorp.com

<PAGE>

  NOMURA CORPORATE RESEARCH
  AND ASSET MANAGEMENT INC.    Clydesdale CLO 2003 Ltd.
            AS                 ------------------------------------
     COLLATERAL MANAGER        as Lender

                               By:    /s/ Elizabeth MacLean
                                      ----------------------------------
                                      Name: Elizabeth MacLean
                                      Title: Director

<PAGE>

                               Clydesdale CLO 2004, Ltd.
                               ------------------------------------
  NOMURA CORPORATE RESEARCH     as Lender
  AND ASSET MANAGEMENT INC.
            AS
     INVESTMENT MANAGER
                               By:    /s/ Elizabeth Maclean
                                      ----------------------------------
                                      Name: Elizabeth Maclean
                                      Title: Director

<PAGE>

                               Clydesdale Strategic CLOI, Ltd.
                               ------------------------------------
  NOMURA CORPORATE RESEARCH    as Lender
  AND ASSET MANAGEMENT INC.
            AS
     INVESTMENT MANAGER
                               By:    /s/ Elizabeth MacLean
                                      ----------------------------------
                                      Name: Elizabeth MacLean
                                      Title: Director

<PAGE>



                                   CONTINENTAL ASSURANCE COMPANY
                                   on behalf of its Separate Account (E)
                               -------------------------------------------------
                               as Lender

                               By: /s/ Marilou R. McGirr
                                   --------------------------------
                                   Name: Marilou R. McGirr
                                   Title: Vice President and Assistant Treasurer

                                                        Approved by
                                                        Law Dep.
                                                        By. MTC
                                                        Date. 9-9-05

<PAGE>

                                      CONTINENTAL CASUALITY COMPANY
                                  ----------------------------------------------
                                  as Lender

                               By: /s/ Marilou R. McGirr
                                   --------------------------------------
                                   Name: Marilou R. McGirr
                                   Title: Vice President and Assistant Treasurer

                                                        Approved by
                                                        Law Dep.
                                                        By. MTC
                                                        Date. 9-9-05

<PAGE>

                               CSAM Funding II
                               ----------------------------------------
                               as Lender

                               By: /s/ ANDREW H. MARSHAK
                                   ----------------------------
                                   Name: ANDREW H. MARSHAK
                                   Title: AUTHORIZED SIGNATORY

<PAGE>

                               CSAM Funding IV
                               ----------------------------------------
                               as Lender

                               By: /s/ ANDREW H. MARSHAK
                                   ----------------------------
                                   Name: ANDREW H. MARSHAK
                                   Title: AUTHORIZED SIGNATORY

<PAGE>

                               CSAM SLF
                               ----------------------------------------
                               as Lender

                               By: /s/ ANDREW H. MARSHAK
                                   ----------------------------
                                   Name: ANDREW H. MARSHAK
                                   Title: AUTHORIZED SIGNATORY

<PAGE>

                               DUNES FUNDING LLC
                               -------------------------------------
                               as Lender

                               By: /s/ Anna M. Tallent
                                   -----------------------------------
                                   Name: Anna M. Tallent
                                   Title: Assistant Vice President

<PAGE>

                                 EAGLE LOAN TRUST
                                 By: Stanfield Capital Partners, LLC
                                 as its Collateral Manager

                               ------------------------------------
                               as Lender

                               By: /s/ CHRISTOPHER E. JANSON
                                   -------------------------------------
                                   Name: CHRISTOPHER E. JANSON
                                   Title: Managing Partner

<PAGE>

                               FIRST TRUST/FOUR CORNERS SENIOR
                               FLOATING RATE INCOME FUND,
                               as Lender
                               By: Four Corners Capital Management LLC,
                                   As Sub-Adviser

                               By: /s/ ADAM BROWN
                                   -------------------------------------
                                   Name: ADAM BROWN
                                   Title: Vice President

<PAGE>

                               FIRST TRUST/FOUR CORNERS SENIOR
                               FLOATING RATE INCOME FUND II,
                               as Lender
                               By: Four Corners Capital Management LLC,
                                   As Sub-Adviser

                               By: /s/ ADAM BROWN
                                   -------------------------------------
                                   Name: ADAM BROWN
                                   Title: Vice President

<PAGE>

                               The Foothill Group, Inc.
                               ----------------------------------------
                               as Lender

                               By: /s/ Michael R. Bohannon
                                   ------------------------------------
                                   Name: Michael R. Bohannon
                                   Title: S Vice President

<PAGE>

                               FOUR CORNERS CLO 2005-I, LTD., as
                               Lender
                               By: Four Corners Capital Management LLC,
                                   As Collateral Manager

                               By: /s/ ADAM BROWN
                                   -----------------------------------
                                   Name: ADAM BROWN
                                   Title: Vice President

<PAGE>

                               FORTRESS PORTFOLIO TRUST, as Lender
                               By: Four Corners Capital Management LLC,
                                   As Investment Manager

                               By: /s/ ADAM BROWN
                                   -------------------------------
                                   Name: ADAM BROWN
                                   Title: Vice President
<PAGE>

                                FRIEDBERGMILSTEIN PRIVATE CAPITAL
                                FUND I, as Lender

                                By: /s/ Eric A. Green
                                    ----------------------------------------
                                    Name:   Eric A. Green
                                    Title:  Senior Partner

<PAGE>

                               GALLATIN CLO II 2005-1 LTD.
                               ---------------------------------------------
                               as Lender

                               By: /s/ Niall D. Rosenzweig
                                   -----------------------------------------
                                   Name:   Niall D. Rosenzweig
                                   Title:  Managing Director

<PAGE>

                               Gallatin Funding I Ltd.
                               By: Bear Stearns Asset Management Inc.
                               as its Collateral Manager
                               ---------------------------------------------
                               as Lender

                               By: /s/ Niall D. Rosenzweig
                                   -----------------------------------------
                                   Name: Niall D. Rosenzweig
                                   Title:  Managing Director

<PAGE>

                               Grayston CLO II 2004-1 LTD.
                               By: Bear Stearns Asset Management, Inc.,
                               as its Collateral Manager
                               ---------------------------------------------
                               as Lender

                               By: /s/ Niall D. Rosenzweig
                                   -----------------------------------------
                                   Name: Niall D. Rosenzweig
                                   Title: Managing Director

<PAGE>

                               GOLDMAN SACHS CREDIT PARTNERS,L.P.,
                               ---------------------------------------------
                               as Lender

                               By: /s/ Pedro Remirez
                                   -----------------------------------------
                                   Name: Pedro Remirez
                                   Title: Authorized Signatory

<PAGE>

                               GREEN LANE CLO LTD.
                               ---------------------------------------------
                               as Lender

                               By: /s/ Kaitlin Trinh
                                   -----------------------------------------
                                   Name: Kaitlin Trinh
                                   Title: Director

<PAGE>

                               Halcyon Structured Opportunities Fund L.P.
                               By Halcyon Structured Asset Management L.P.
                               Its Investment Manager
                               ---------------------------------------------
                               as Lender

                               By: /s/ James Pasquarell
                                   -----------------------------------------
                                   Name:   James Pasquarell
                                   Title:  Chief Financial Officer

<PAGE>

                               HANOVER SQUARE CLO LTD.
                               BY: BLACKSTONE DEBT ADVISORS L.P.
                               AS COLLATERAL MANAGER
                               ---------------------------------------------
                               as Lender

                               By: /s/ Dean T. Criares
                                   -----------------------------------------
                                   Name:   DEAN T. CRIARES
                                   Title:  Managing Director

<PAGE>

                               March CLO II Limited
                               ---------------------------------------------
                               as Lender

                               By: /s/ Michael E. Lewitt
                                   -----------------------------------------
                                   Name: Michael E. Lewitt
                                   Title: AUTHORISED SIGNATORY

<PAGE>

                               IDS Life Insurance Company
                               By: RiverSource Investments, LLC as
                               Collateral Manager
                               ---------------------------------------------
                               as Lender

                               By: /s/ Yvonne E. Stevens
                                   -----------------------------------------
                                   Name:   Yvonne E. Stevens
                                   Title:  Senior Managing Director
<PAGE>

                   ING PRIME RATE TRUST
                   By: ING Investment Management Co. as its Investment Manager

                   By: /s/ Michel Prince, CFA
                       -----------------------------------------
                   Name: Michel Prince, CFA
                   Title: Senior Vice President

                   ING Investment Management Co. as its Investment Manager

                   By: /s/ Michel Prince, CFA
                       -----------------------------------------
                   Name: Michel Prince, CFA
                   Title: Senior Vice President

<PAGE>

                               JPMORGAN CHASE BANK, N.A.,
                               as Lender

                               By: /s/ BRUCE BORDEN
                                   ----------------------------
                                   Name:   BRUCE BORDEN
                                   Title:  VICE PRESIDENT

<PAGE>

                               J.P. MORGAN WHITEFRIARS INC., as Lender

                               By: /s/ Jason Boyer
                                   ------------------------------
                                   Name: Jason Boyer, Associate
                                   Title:
<PAGE>

                               Kingsland [Vincent Siino] Ltd., as Lender

                               By: /s/ Vincent Siino
                                   -----------------------------------------
                                   Name: Vincent Siino
                                   Title: DIRECTOR OF PORTFOLIO ADMIN.
                                          KINGSLAND CAPITAL MANAGEMENT, LLC
                                          AS MANAGER

<PAGE>

                                   Kitty Hawk Trust
                                   By: Morgan Stanley Investment Management Inc.
                                   as investment Manager

                               ---------------------------------------------
                               as Lender

                               By: /s/ John Hayes
                                   -----------------------------------------
                                   Name:   John Hayes
                                   Title:  Vice President

<PAGE>

                               KNIGHT CBNA LOAN FUNDING -
                               KNIGHT CFPI LOAN FUNDING LLC.
                               as Lender

                               Knight CBNA Loan Funding, LLC for itself or
                               as agent for KnightCFPI Loan Funding LLC

                               By: /s/  JANET HAACK
                                   -----------------------------------------
                                   Name:   JANET HAACK
                                   Title:  AS ATTORNEY-IN-FACT

<PAGE>

                               [ILLEGIBLE]
                               --------------------
                               as Lender

                               By: /s/ DEAN T CRIARES
                                   -----------------------------
                                   Name:   DEAN T CRIARES
                                   Title:  Managing Director

<PAGE>

                               Landmark II Coo Ltd

                               By: Aladdin capital Mgmt LLc
                                   -----------------------------
                               as Lender

                               By: /s/ William S. Watkins
                                   ----------------------------
                                   Name:   William S. Watkins
                                   Title:  Director

<PAGE>

                               LFC2 Loan Funding LLC, for itself or as agent
                               for LFC2 CFPI Loan Funding LLC.
                               ---------------------------------------------
                               as Lender

                               By: /s/Beata Konoplco
                                   -----------------------------------------
                                   Name:   Beata Konoplco
                                   Title:  Attorney IN Fact

<PAGE>

                               Lignt Point CLO III, Ltd.
                               ---------------------------------------------
                               as an Investor

                               By: /s/Thomas A. Kramer
                                   -----------------------------------------
                                   Name:Thomas A. Kramer
                                   Title: Senior Managing Director &
                                          Chief Executive Officer
<PAGE>
                                      Loan Funding VI LLC,
                                      for itself or as agent for
                                      Corporate Loan Funding VI LLC

                               ---------------------------------------------
                               as Lender

                               By: /s/ DEAN T CRIARES
                                   ------------------------------
                                   Name: DEAN T CRIARES
                                   Title: Managing Director

<PAGE>


                                   Longhorn CDO (Cayman) LTD
                                   By: Merill Lynch Investment Mangers L.P.
                                       as Collalteral Manager

                                   By: Alex
                                       ---------------------



                                     Longhorn CDO II LTD
                                     By: Merill Lynch Investment Mangers L.P.
                                         as Collalteral Manager

                                     By: Alex
                                         ---------------------

<PAGE>

                               MACQUARIE/FIRST TRUST GLOBAL
                               INFRASTRUCTURE/UTILITIES
                               DIVIDEND & INCOME FUND, as Lender
                               By: Four Corners Capital Management LLC, as
                               Sub-Adviser

                               By: /s/ ADAM BROWN
                                   -----------------------------
                                   Name: ADAM BROWN
                                   Title: Vice President

<PAGE>

                               MADISON PARK FUNDING
                               -----------------------------------
                               as Lender

                               By: /s/ ANDREW H. MARSHAK
                                   ------------------------------
                                   Name: ANDREW H. MARSHAK
                                   Title:  AUTHORIZED SIGNATORY

<PAGE>

                               Met Life Bank, National Association

                               --------------------------------------
                               as Lender

                               By: /s/ JAMES R. DINGLER
                                   ------------------------------
                                   Name : JAMES R. DINGLER
                                   Title : AUTHORIZED SIGNATORY

<PAGE>

                               Metropolitan Life Insurance Company
                               -----------------------------------
                               as Lender

                               By: /s/ [ILLEGIBLE]
                                   -------------------------------
                                   Name: [ILLEGIBLE]
                                   Title: [ILLEGIBLE]

<PAGE>

                                      Monument Park CDO Ltd.
                                      By: Blackstone Debt Advisors L.P.
                                      As Collateral Manager
                               --------------------------------------------
                               as Lender

                               By: /s/ DEAN T CRIARES
                                   ---------------------------
                                   Name: DEAN T CRIARES
                                   Title: Managing Director

<PAGE>

                               Morgan Stanley Prime Income Trust, as Lender

                               By: /s/ Jinny K. Kim
                                   --------------------------
                                   Name: Jinny K. Kim
                                   Title: Vice President

<PAGE>



                                    Morgan Stanley Senior Funding, Inc.
                               ----------------------------------------
                               as Lender

                               By: /s/ James Morgan
                                   -------------------------
                                   Name: James Morgan
                                   Title: Vice President

<PAGE>

                                      Mt. Wilson-CLO
                               -------------------------------------
                               as Lender

                               By: /s/ Christopher Kilpratrick
                                   ------------------------------
                                   Name: Christopher Kilpratrick
                                   Title: Research Analyst-W [ILLEGIBLE]
<PAGE>

NOMURA CORPORATE RESEARCH          NCRAM Loan Trust
AND ASSET MANAGEMENT INC.          ---------------------------------------------
        AS                         as Lender
  INVESTMENT ADVISER
                                   By: /s/ Elizabeth MacLean
                                       -----------------------------------------
                                       Name: Elizabeth MacLean
                                       Title: Director

<PAGE>

By: UFJ Trust Bank Limited              Nomura Bond and Loan Fund.
    as Trustees                         ----------------------------------------
                                        as Lender
By: National Corporate Research and
    Asset Management INC.               By: /s/ Elizabeth MacLean
    Attorney in fact                        ------------------------------------
                                            Name: Elizabeth MacLean
                                            Title: Director

<PAGE>

                               PPM MONARCH BAY FUNDING LLC
                               ---------------------------------------------
                               as Lender

                               By: /s/ Anna M. Tallent
                                   --------------------------------
                                   Name:  Anna M. Tallent
                                   Title: Assistant Vice President

<PAGE>


                               PPM SHADOW CREEK FUNDING LLC
                               ---------------------------------------------
                               as Lender

                               By: /s/ Anna M. Tallent
                                   -----------------------------------------
                                   Name:  Anna M. Tallent
                                   Title: Assistant Vice President

<PAGE>

                               Frosfurd CLO I B.V.
                               ---------------------------------------------
                               as Lender

                               By: /s/ [ILLEGIBLE]
                                   -----------------------------------------
                                   Name:
                                   Title: Attorney-In-Fact

<PAGE>

                               The Prudential Insurance Company of America
                               ---------------------------------------------
                               as Lender

                               By: Prudential Insurance Management, Inc.
                                   as Investment Leder

                               By:    /s/ Stephan J. Collins
                                      --------------------------------------
                                      Name: Stephan J. Collins
                                      Title: Vice president

<PAGE>

                               RIVIERA FUNDING LLC
                               ---------------------------------------------
                               as Lender

                               By: /s/ Anna M. Tallent
                                   ------------------------------------
                                   Name: Anna M. Tallent
                                   Title: Assistant Vice President

<PAGE>

                               Robson Trust
                               ---------------------------------------------
                               as Lender

                               By: /s/ ANDREW H. MARSHAK
                                   -----------------------------------
                                   Name: ANDREW H. MARSHAK
                                   Title: AUTHORIZED SIGNATORY

<PAGE>

                               SAWGRASS TRADING LLC
                               ---------------------------------------------
                               as Lender

                               By: /s/ Anna M. Tallent
                                   ------------------------------------
                                   Name: Anna M. Tallent
                                   Title: Assistant Vice President

<PAGE>

                               Savtiliak (Ireland) Limited
                               ---------------------------------------------
                               as Lender

                               By: /s/ TONY O'BRIEN
                                   -----------------------------------------
                                   Name: TONY O'BRIEN
                                   Title: Senior Manager
<PAGE>

                               SECURITY INCOME FUND-INCOME
                               OPPORTUNITY SERIES, as Lender
                               By: Four Corners Capital Management LLC, as
                               Sub-Adviser

                               By: /s/ ADAM BROWN
                                   ----------------------------------------
                                   Name: ADAM BROWN
                                   Title: Vice President

<PAGE>

                               SEMINOLE FUNDING LLC
                               ---------------------------------------------
                               as Lender

                               By: /s/ Anna M. Tallent
                                   -----------------------------------------
                                   Name: Anna M. Tallent
                                   Title: Assistant Vice President

<PAGE>
                               [ILLEGIBLE]
                               ---------------------------------------------
                               as Lender

                               By: /s/ Christopher E. Janson
                                   -----------------------------------------
                                   Name: Christopher E. Janson
                                   Title: Managing Partner

<PAGE>

                               STANWICH LOAN FUNDING LLC
                               ---------------------------------------------
                               as Lender

                               By: /s/ Anna M. Tallent
                                   -----------------------------------------
                                   Name:   Anna M. Tallent
                                   Title:  Assistant Vice President

<PAGE>


                               Stedman CBNA Loan Funding LLC, for itself or
                               as agent for Stedman CFPI Loan Funding LLC.

                               ---------------------------------------------
                               as Lender

                               By: /s/ Beata Konopko
                                   -----------------------------------------
                                   Name: Beata Konopko
                                   Title: Attorney In Fact

<PAGE>

                               Stichting Pensloenfonds ABP
                               By ABP Investments US, Inc, its agent

                               By: /s/ Jelle MenJen
                                   -----------------------------------------
                                   Name: Jelle MenJen
                                   Title: President/CEO

                               By: /s/ Thomas F. Dunn
                                   -----------------------------------------
                                   Name: Thomas F. Dunn
                                   Title: Managing Director/CIO

<PAGE>

                               The Sumitomo Trust & Banking Co., Ltd.
                               New York Branch
                               ---------------------------------------------
                               as Lender

                               By: /s/ Elizabeth A. Quirk
                                   -----------------------------------------
                                   Name : Elizabeth A. Quirk
                                   Title: Vice President

<PAGE>
                               SUMMIT LAKE CLO,LTD., as Lender

                               By: /s/ Wade T. Winter
                                   -----------------------------------------
                                   Name: Wade T. Winter
                                   Title: S.V.P.
<PAGE>
                               TRS QUOGUE LLC, as Lender


                               By: /s/ Alice L. Wagner
                                   ------------------------------------------
                                   Name: Alice L. Wagner
                                   Title: Vice President

<PAGE>

                               Trumbull THC2 Loan Funding LLC, for itself or
                               as agent for LFC2 CFPI Loan Funding LLC.

                               ----------------------------------------------
                               as Lender

                               By: /s/ Beata Konopko
                                   ------------------------------------------
                                   Name: Beata Konopko
                                   Title: Attorney In Fact

<PAGE>

                               Union Square CDO Ltd.
                               By: [ILLEGIBLE]
                               As Collateral Manager
                               ----------------------------------------------
                               as Lender

                               By: /s/ DEAN T. CRIARFS
                                   ------------------------------------------
                                   Name: DEAN T. CRIARFS
                                   Title: Managing Director

<PAGE>
                               VAN KAMPEN
                               SENIOR INCOME TRUST
                               By: Van Kampen Asset Management

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

                               as Lender

                               By: /s/ [ILLEGIBLE]
                                   ------------------------------------------
                                   Name:
                                   Title:

<PAGE>

                               VAN KAMPEN
                               SENIOR LOAN FUND
                               By: Van Kampen Asset Management

                               ----------------------------------------------
                               as Lender

                               By: /s/ [ILLEGIBLE]
                                   ------------------------------------------
                                   Name:
                                   Title:

<PAGE>
                               VICTORIA FALLS CLO, LTD., as Lender

                               By: /s/ Wade T. Winter
                                   ------------------------------------------
                                   Name:   Wade T. Winter
                                   Title:  S.V.P.

<PAGE>

                               Western Asset Floating Rates High Income Fund,
                               LLC
                               ----------------------------------------------
                               as Lender

                               By: /s/ Research [ILLEGIBLE]
                                   ------------------------------------------
                                   Name: Research Analyst
                                   Title:

<PAGE>


                                XL Re Ltd.
                               By: Stanfield Capital Partners LLC
                               as its Collateral Manager
                               ----------------------------------------------
                               as Lender

                               By: /s/ Christopher E. Janson
                                   ------------------------------------------
                                   Name: Christopher E. Janson
                                   Title: Managing Partner