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                                                                    Exhibit 10.1

SOVEREIGN BANK
                                                                 FIRST AMENDMENT
                                                                 TO CREDIT
                                                                 AGREEMENT
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     This FIRST AMENDMENT TO CREDIT AGREEMENT (the "AMENDMENT") is made as of
the ___ day of June, 2002, by and between:

                    Sovereign Bank ("SOVEREIGN"), successor-in-interest to Fleet
               National Bank ("FLEET"), a federal savings bank having a
               principal place of business at 19 Pleasant Street, Woburn,
               Massachusetts 01801; and

               Bright Horizons Family Solutions, Inc. (the "BORROWER"), a
               corporation duly organized and existing under the laws of the
               State of Delaware and having a principal place of business at
               200 Talcott Avenue South, Watertown, Massachusetts 02472;

in consideration of the mutual covenants and benefits to be derived herefrom.

                              W I T N E S S E T H:

     A. On or about March 30, 2000, a certain $40 million revolving credit
facility in favor of the Borrower (the "REVOLVING CREDIT FACILITY") was
established as evidenced by, among other things, the following: (i) a certain
Credit Agreement dated March 30, 2000 by and among the Borrower, Fleet and Bank
of America ("BOA") (the "CREDIT AGREEMENT"); (ii) a certain $25 million
Revolving Credit Note dated March 30, 2000 made by the Borrower payable to Fleet
(the "FLEET NOTE"); and (iii) a certain $15 million Revolving Credit Note dated
March 30, 2000 made by the Borrower payable to BOA (the "BOA NOTE" and together
with the Fleet Note, the "NOTES"). The Credit Agreement, the Notes and all
documents, instruments, and agreements executed and delivered in connection
therewith, as amended and supplemented from time to time, are hereinafter
collectively referred to as the "LOAN DOCUMENTS". Sovereign is now the holder of
the Fleet Note and has succeeded to the interests of Fleet as both Agent and as
a Lender under the Revolving Credit Facility.

     B. The Borrower has requested that the Lenders: (i) extend the Revolver
Termination Date (as defined in the Credit Agreement) for three (3) years and
correspondingly extend the Credit Maturity Date (as defined in the Credit
Agreement) for three (3) years; and (ii) reduce the Letter of Credit Limit (as
defined in the Credit Agreement) from $2,000,000.00 to $1,000,000.00.

     C. Sovereign is willing to so accommodate the Borrower's requests based
upon and subject to the terms and conditions set forth herein. However, BOA has
declined to participate in the extension of the Revolving Credit. The Borrower
has therefore requested that Sovereign nevertheless extend the Revolving Credit
as provided herein with the understanding and agreement that Sovereign's
Commitment Percentage shall remain at 62.50% of the Maximum Credit Amount and
nothing contained herein shall obligate Sovereign to advance more than its
Commitment Percentage of the Maximum Credit Amount under any circumstances.
Absent one or more Successor Lender(s) taking an assignment of BOA's Commitment
Percentage in accordance with Section 12.2 of the Credit Agreement, the maximum
amount of the credit available to the Borrower under the Credit Agreement shall
not exceed Sovereign's Commitment Percentage of the Maximum Credit Amount, or
$25,000,000.00.
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     NOW, THEREFORE, in consideration of the promises herein contained and other
good and valuable consideration, the receipt and sufficiency of which is hereby
acknowledged, the Borrower and the Lenders hereby agree as follows:

     1.   Definitions. Capitalized terms used herein without definition and
defined in the Credit Agreement, as amended, shall have the same respective
meanings herein as therein, unless the context otherwise requires. Additionally,
to reflect Sovereign as successor to Fleet, the definition of "AGENT" contained
in Section 1.1 of the Credit Agreement is hereby amended by deleting the present
definition in its entirety and substituting the following definition in its
place and stead:

          " 'AGENT' shall mean Sovereign Bank in its capacity as agent for the
          Lenders and its successors in that capacity".

     2.   Extension of Revolver Termination Date and Credit Maturity Date. The
Lenders hereby agree to: (A) extend the Revolver Termination Date from June 30,
2002 until June 30, 2005, and (B) extend the Credit Maturity Date from June 30,
2005 until June 30, 2008; and the Credit Agreement is hereby modified as
follows:

     (a) The definition "Revolver termination date" contained in Section 1.1 of
the Credit Agreement is hereby amended by deleting the present definition in its
entirety and substituting the following definition in its place and stead:

          " 'REVOLVER TERMINATION DATE' means June 30, 2005, as such date may be
          extended or amended from time to time in writing by the Lenders in
          their sole and absolute discretion."

     (b) The definition "CREDIT MATURITY DATE" contained in Section 1.1 of the
Credit Agreement is hereby amended by deleting the present definition in its
entirety and substituting the following definition in its place and stead:

          " 'CREDIT MATURITY DATE' shall mean June 30, 2008, as such date may be
          extended or amended from time to time in writing by the Lenders in
          their sole and absolute discretion.

     (c) The fourth sentence contained in Section 2.1 of the Credit Agreement is
hereby amended by deleting the date "August 1, 2002" and substituting the date
"August 1, 2005" in its place and stead.

     (d) Section 4.2 of the Credit Agreement is hereby amended by deleting the
present text and substituting the following in its place and stead:

          " 'SCHEDULE OF INSTALLMENT PAYMENTS OF PRINCIPAL' commencing August 1,
          2005 the Borrower shall pay to the Agent for the respective accounts
          of the Lenders, the principal amount of the Loans in thirty six (36)
          consecutive monthly installments, each such installment to be in an
          amount equal to the aggregate amount of the Loans outstanding as
     of the Revolver Termination Date, divided by thirty six (36), with a final
     payment of the unpaid principal balance of the Loans, together with all
     unpaid and accrued interest thereon, on the Credit Maturity Date."

     3.   Reduction in Letter of Credit Limit. The Lenders hereby agree to
reduce the Letter of Credit Limit under the Revolving Credit Facility from
$2,000,000.00 to $1,000,000.00. Specifically, the definition "Letter of Credit
Limit" contained in Section 1.1 of the Credit Agreement is hereby amended by
deleting the definition in its entirety and substituting the following
definition in its place and stead:

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          " 'Letter of Credit Limit' shall mean $1,000,000.00."

     4.   In connection with the modification of the Credit Agreement as
effected hereby, the Borrower has furnished Sovereign with certain financial
information as of December 31, 2001 upon which Sovereign has relied in
accommodating the Borrower's requests. To reflect Sovereign's reliance upon such
financial information, the following new definition for the aforesaid financial
information shall be inserted at the end of Section 1.1:

          " '2001 FINANCIAL STATEMENTS' shall mean the Consolidated balance
     sheet of the Borrower and its Subsidiaries as of December 31, 2001 and the
     related Consolidated statements of income, shareholders' equity and cash
     flow for the year then ended and notes to such financial statements."

Any and all references in Sections 5.9, 5.12, and 5.13 of the Credit Agreement
to the 1998 Financial Statements shall be modified so as to refer to the 2001
Financial Statements in each instance.

     5.   Modification of Covenant Relating to Permitted Acquisitions. Section
9.6 of the Credit Agreement is hereby amended so as to require that the minimum
Consolidated Tangible Net Worth proviso for the Borrower to enter into Permitted
Acquisitions without the Agent's prior written consent shall be increased from
$5,000,000.00 to $25,000,000.00 after giving effect to such acquisition, and the
reference to "Five Million Dollars ($5,000,000.00)" appearing in Section 9.6 of
the Credit Agreement shall be deleted with "Twenty Five Million Dollars
($25,000,000.00)" being substituted in its place and stead. Section 9.6 shall
otherwise remain in full force and effect as written, except for the increased
minimum Consolidated Tangible Net Worth figure effected hereby.

     6.   Modification to Notice Provision. Section 14.1(a) of the Credit
Agreement is hereby amended to identify Sovereign as the Agent as
successor-in-interest to Fleet. Section 14.1(b) of the Credit Agreement is
hereby amended to identify the Borrower's new address. Specifically, Section
14.1(a) and Section 14.1(b) of the Credit Agreement are hereby amended by
deleting Section 14.1(a) and Section 14.1(b) in their entirety and substituting
the following in their respective place and stead:

               "(a) If to the Agent, at 19 Pleasant Street, Woburn,
          Massachusetts 01801, Telecopier No. 781.935.5979, Attention: Mr.
          William Andrzeicik, with a copy to: Seyfarth Shaw, World Trade Center
          East, Two Seaport Lane, Suite 300, Boston, Massachusetts 02210-2028,
          Telecopier No. 617-946-4801, Attention: Louis J. DiFronzo, Jr.,
          Esquire or at such other address(es) or to the attention of such other
          Person(s) as the Agent shall from time to time designate in writing to
          the Borrower and the Lenders.

               (b) If to the Borrower, at 200 Talcott Avenue South, Watertown,
          Massachusetts 02471, Telecopier No. 617-673-8653, Attention: Ms.
          Elizabeth J. Boland, with a copy to: Bass, Berry & Sims PLC, 2700
          AmSouth Center, 315 Deaderick Street, Nashville, TN 37238, Telecopier
          No. 615-742-6293, Attention: Howard H. Lamar, III, Esquire or at such
          other address(es) or to the attention of such other Person(s) as the
          Borrower shall from time to time designate in writing to the Agent and
          the Lenders."

     7.   Conditions to Lenders' Obligations. The willingness of the Lenders to
consent to and enter into this Amendment is subject to the satisfaction of the
following conditions concurrently with the execution and delivery of this
Amendment:

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     (a)  The Borrower shall execute and deliver a promissory note (the
"SOVEREIGN REPLACEMENT PROMISSORY NOTE") in the maximum principal amount of
$25,000,000.00 payable to Sovereign, such Replacement Promissory Note to be in
the form of Exhibit A annexed hereto. The Sovereign Replacement Note shall
amend, restate and replace the existing Fleet Note in its entirety, but the
Sovereign Replacement Note shall not be evidence of satisfaction of the
indebtedness owed by the Borrower to Sovereign. Further, any and all references
to the "Note" or "Notes" in the Loan Documents shall include and also refer to
the Sovereign Replacement Promissory Note, as it may be amended in writing from
time to time hereafter.

     (b)  The Lenders shall have received approving resolutions adopted by the
Borrower, certified as of the date hereof by the Clerk of the Borrower,
authorizing the execution and delivery by the Borrower of this Amendment and all
documents referenced herein.

     (c)  The Lenders shall have received such other documents, certificates,
instruments, and agreements from the Borrower as the Lenders may reasonably
request.

     (d)  The Lenders shall have been reimbursed for all costs and expenses
incurred in connection with this Amendment including, but not limited to,
attorneys' fees and disbursements.

     8.   Confirmation of Certain Terms and Other Matters. The Borrower and the
Lenders hereby ratify and confirm all terms and provisions of the Loan
Documents, as amended, and all other documents, instruments, or agreements
executed in connection therewith and agree that, except as expressly modified
herein, all of such terms and provisions remain in full force and effect. The
Borrower and the Lenders hereby confirm and acknowledge that the obligations of
the Borrower under the Loan Documents include all obligations and liabilities of
the Borrower under the Credit Agreement, as amended from time to time. The
Borrower acknowledges and agrees further that the Borrower has no offsets,
defenses or counterclaims against the Lenders, with respect to any amounts owed
under the Notes or any documents, instruments or agreements executed and/or
delivered in connection therewith, or otherwise, and to the extent that the
Borrower does have any such offsets, defenses or counterclaims, the Borrower
hereby WAIVES the same.

     9.   Representations and Warranties. The Borrower hereby represents and
warrants that: (a) except as otherwise disclosed on the list of "Exceptions and
Additions to Representations" annexed hereto as Exhibit B", the representations
and warranties contained in the Credit Agreement are true and correct on the
date hereof with the same effect as though such representations and warranties
had been made on the date hereof, except for (i) representations and warranties
made as of an earlier date, which remain true and correct as of such earlier
date(s), and (ii) changes in facts and circumstances permitted by the Credit
Agreement; (b) the Borrower has complied and is now in compliance with, all of
the terms and provisions set forth in the Credit Agreement, as amended, on its
part to be observed and performed; (c) no Event of Default specified in Section
10 of the Credit Agreement has occurred or is continuing; and (d) the execution,
delivery and performance of this Amendment: (i) has been duly authorized by all
requisite partnership action, (ii) will not violate either (x) any provision of
law applicable to the Borrower, any governmental regulation, or its bylaws, or
(y) any order of any court or other agency of government binding on the Borrower
or any indenture, agreement, or other instrument to which the Borrower is a
party, or by which they or any of their property is bound, and (iii) will not be
in conflict with, result in a breach of, or constitute (with due notice and/or
lapse of time) a default under, any such indenture, agreement, or other
instrument.

     10.  Miscellaneous. This Amendment may be executed in any number of
counterparts, each of which, when so executed and delivered, shall be an
original, but all of the counterparts taken together shall constitute one and
the same instrument. This Amendment shall be governed by the laws of the
Commonwealth of Massachusetts and shall be binding upon and inure to the benefit
of the parties hereto and their successors and permitted assigns.

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     IN WITNESS WHEREOF, the parties hereto each have executed this Amendment as
an instrument under seal as of the date first hereinbefore written.

                                          BORROWER:

Witness:                                  Bright Horizons Family Solutions, Inc.

__________________                        By:___________________________________
                                          Print Name:___________________________
                                          Title:________________________________

                                          LENDERS:

Witness:                                  Sovereign Bank

__________________                        By:___________________________________
                                             William Andrzeicik
                                             Vice President

                                       6<PAGE>
                                                                    Exhibit 10.2

THIS NOTE IS EXECUTED AND DELIVERED IN CONJUNCTION WITH A CERTAIN FIRST
AMENDMENT TO CREDIT AGREEMENT OF EVEN DATE, IS THE SO-CALLED "SOVEREIGN
REPLACEMENT PROMISSORY NOTE" REFERENCED IN THE FIRST AMENDMENT, AND AMENDS AND
RESTATES IN ITS ENTIRETY THAT CERTAIN REVOLVING CREDIT NOTE DATED MARCH 30, 2000
IN THE MAXIMUM PRINCIPAL AMOUNT OF $25,000,000.00 MADE BY THE BORROWER PAYABLE
TO FLEET NATIONAL BANK, BUT DOES NOT EVIDENCE SATISFACTION OF SAME. THIS NOTE IS
ENTITLED TO THE BENEFIT OF THE CREDIT AGREEMENT AND ALL OF THE LOAN DOCUMENTS,
AS REFERENCED IN THE AFORESAID FIRST AMENDMENT.

SOVEREIGN BANK                        AMENDED AND RESTATED REVOLVING CREDIT NOTE
--------------------------------------------------------------------------------
$25,000,000.00                                             June __, 2002

                                                           Boston, Massachusetts

                                                           Boston, Massachusetts

     FOR VALUE RECEIVED, the undersigned, Bright Horizons Family Solutions,
Inc., a Delaware corporation (the "Borrower"), HEREBY PROMISES TO PAY to the
order of Sovereign Bank, a federal savings bank (the "Lender") the principal sum
of TWENTY FIVE MILLION DOLLARS ($25,000,000.00) (or, if less, the aggregate
unpaid principal amount of all Advances made by the Lender to the Borrower
pursuant to the Credit Agreement as hereinafter defined), together with interest
on the unpaid principal from time to time outstanding at the rate or rates and
computed and payable at the times as described in the Credit Agreement. The
principal amount of this note shall be paid in accordance with the terms and
conditions of the Credit Agreement and the entire balance of outstanding
principal and accrued and unpaid interest shall be paid in full on June 30,
2008.

     This note represents indebtedness for one or more Advances made by the
Lender to the Borrower under the Credit Agreement dated as of March 30, 2000 (as
the same may be amended, modified or supplemented from time to time, the "Credit
Agreement") by and among the Borrower, the Lenders from time to time parties
thereto, and Sovereign Bank as successor-in-interest to Fleet National Bank, as
Agent for the Lenders (the "Agent"). Capitalized terms used herein and not
otherwise defined shall have the meaning set forth in the Credit Agreement.

     The Borrower shall have the right, at any time, to voluntarily prepay all
or any part of the outstanding principal amount of this note subject to the
provisions of the Credit Agreement.

     In addition to the payment of interest as provided above, the Borrower
shall, on demand, pay interest on any overdue installments of principal and, to
the extent permitted by applicable law, on overdue installments of interest at
the rate set forth in the Credit Agreement.

     If any payment of principal or interest due hereunder is not made within
ten (10) days of its due date, the Borrower will pay to the Agent for the
account of the Lender, on demand, a late payment charge equal to the amount set
forth in the Credit Agreement.

     The holder of this note is entitled to all the benefits and rights of a
Lender under the Credit Agreement to which reference is hereby made for a
statement of the terms and conditions under which the entire unpaid balance of
this note, or any portion hereof, shall become immediately due and payable.
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     The Borrower hereby waives presentment, demand, notice, protest and other
demands and notices in connection with the delivery, acceptance or enforcement
of this note.

     No delay or omission on the part of the holder of this note in exercising
any right hereunder shall operate as a waiver of such right or of any other
right under this note, and a waiver, delay or omission on any one occasion shall
not be construed as a bar to or waiver of any such right on any future occasion.

     The Borrower hereby agrees to pay on demand all reasonable costs and
expenses, including, without limitation, reasonable attorneys' fees and legal
expenses, incurred or paid by the Agent or the holder of this note in enforcing
this note on default.

     All agreements between the Borrower and the Lender are hereby expressly
limited so that in no contingency or event whatsoever, whether by reason of
acceleration of maturity of the indebtedness evidenced hereby or otherwise,
shall the amount paid or agreed to be paid to the Lender for the use or the
forbearance of the indebtedness evidenced hereby exceed the maximum permissible
under applicable law. As used herein, the term "applicable law" shall mean the
law in effect as of the date hereof; provided, however, that in the event there
is a change in the law which results in a higher permissible rate of interest,
then this note shall be governed by such new law as of its effective date. In
this regard, it is expressly agreed that it is the intent of the Borrower and
the Lender in the execution, delivery and acceptance of this note to contract in
strict compliance with the laws of the Commonwealth of Massachusetts from time
to time in effect. If, under or from any circumstances whatsoever, fulfillment
of any provision hereof at the time of performance of such provision shall be
due, shall involve transcending the limit of such validity prescribed by
applicable law, then the obligation to be fulfilled shall automatically be
reduced to the limits of such validity, and if under or from circumstances
whatsoever the Lender should ever receive as interest an amount which would
exceed the amount collectible at the highest lawful rate, such amount which
would be excessive interest shall be applied to the reduction of the principal
balance evidenced hereby and not to the payment of interest. This provision
shall control every other provision of all agreements between the Borrower and
the Lender.

     EXCEPT TO THE EXTENT EXPRESSLY PROHIBITED BY LAW, THE BORROWER HEREBY
WAIVES ITS RIGHT TO A JURY TRIAL WITH RESPECT TO ANY ACTION OR CLAIM ARISING OUT
OF ANY DISPUTE IN CONNECTION WITH THE CREDIT AGREEMENT, THIS NOTE OR ANY OF THE
OTHER LENDER AGREEMENTS, ANY RIGHTS OR OBLIGATIONS HEREUNDER OR THEREUNDER OR
THE PERFORMANCE OF SUCH RIGHTS AND OBLIGATIONS. EXCEPT TO THE EXTENT EXPRESSLY
PROHIBITED BY LAW, THE BORROWER HEREBY WAIVES ANY RIGHT IT MAY HAVE TO CLAIM OR
RECOVER IN ANY LITIGATION REFERRED TO IN THE PRECEDING SENTENCE ANY SPECIAL,
EXEMPLARY, PUNITIVE OR CONSEQUENTIAL DAMAGES OR ANY DAMAGES OTHER THAN, OR IN
ADDITION TO, ACTUAL DAMAGES. THE BORROWER (A) CERTIFIES THAT NO REPRESENTATIVE,
AGENT, OR ATTORNEY OF ANY LENDER OR THE AGENT HAS REPRESENTED, EXPRESSLY OR
OTHERWISE, THAT SUCH LENDER OR THE AGENT WOULD NOT, IN THE EVENT OF LITIGATION,
SEEK TO ENFORCE THE FOREGOING WAIVERS, AND (B) ACKNOWLEDGES THAT THE AGENT AND
THE LENDERS HAVE BEEN INDUCED TO ENTER INTO THIS NOTE, THE CREDIT AGREEMENT AND
THE OTHER LENDER AGREEMENTS TO WHICH THEY ARE PARTIES BY, AMONG OTHER THINGS,
THE WAIVERS AND CERTIFICATIONS CONTAINED HEREIN.

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     This note shall be deemed to be under seal, and all rights and obligations
hereunder shall be governed by the laws of The Commonwealth of Massachusetts
(without giving effect to any conflicts of law provisions contained therein).

Witness:                             Bright Horizons Family Solutions, Inc.

______________________               By:________________________________________
                                                                        Name:
                                            Title:

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