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Second Amendment to Exclusive License Agreement

 EXHIBIT 10.23 
 SECOND AMENDMENT TO 
 EXCLUSIVE LICENSE AGREEMENT 
 This Second Amendment to the License and Supply Agreement (this “Amendment”) is made as of January 12, 2009 by and among Alphatec Spine,
Inc., a Delaware corporation with a principal place of business at 5818 El Camino Real, Carlsbad, California 92008 (“Licensee”), Progressive Spinal Technologies LLC, a limited liability company organized under the laws of the state of
Delaware, with an address at 410 East Walnut Street, Suite #8, Perkasie, Pennsylvania 18944 (“Licensor”) and Alphatec Holdings, Inc., a Delaware corporation with a principal place of business at 5818 El Camino Real, Carlsbad, California
92008 (“Holdings”). Capitalized terms undefined herein shall have the meaning ascribed them in the Agreement. 
 RECITALS 

 Reference is made to that certain Exclusive License Agreement dated December 18, 2007, as amended, between the parties to this
Amendment (the “Agreement”). 
 The Parties desire to amend the Agreement as set forth herein. 
 Now, therefore, in consideration of the mutual promises set forth herein and for other good and valuable consideration, the receipt and sufficiency of
which is acknowledged by the Parties hereto, the Parties hereto agree as follows: 
  

	1.	AMENDMENTS 

 1.1 Amendment and Restatement of
Section 4.1.2. Section 4.1.2 of the Agreement is hereby deleted and replaced in its entirety with the following language: 
 “4.1.2 Milestone Payments. Licensee shall pay milestone payments (or in the case of the Common Stock cause the issuance thereof by Holdings) to Licensor (each such payment or issuance a “Milestone Payment”) as
specified below no more than thirty (30) days after the occurrence of the corresponding event designated below, unless this Agreement has been terminated prior to such due date; provided that Licensor hereby assigns to its affiliate
[***] and (ii) the right to enforce this Agreement to the extent necessary [***], and Licensee and Holdings hereby consents to both such assignments. No Milestone Payments described in this Subsection 4.1.2 shall be credited
against or otherwise reduce any other amounts payable hereunder. 
  

 Portions of this Exhibit were omitted, as indicated by [***], and have been filed separately with
the Secretary 
 of the Commission pursuant to the Registrant’s application requesting confidential treatment under 

Rule 24b-2 of the Securities Exchange Act of 1934, as amended. 

			
	  
 Event
  
	  	 Milestone Payment

  

	 	 
	[***]	  	 [***]
 [***]

	 	 
	[***]	  	 [***]
 [***]

	 	 
	[***]	  	[***]
	 	 
	[***]	  	[***]
	 	 
	[***]	  	[***]

  

	2.	MISCELLANEOUS 

 In the event of any conflict
between the provisions of this Amendment and the Agreement, the provisions of this Amendment shall prevail. Other than as set forth in this Amendment, the remainder of the Agreement shall remain in full force and effect. 
 [Signatures Follow] 
  

 Portions of this Exhibit were omitted, as indicated by [***], and have been filed separately with
the Secretary 
 of the Commission pursuant to the Registrant’s application requesting confidential treatment under 

Rule 24b-2 of the Securities Exchange Act of 1934, as amended. 

 IN WITNESS WHEREOF, the Parties and Holdings have caused this Amendment to be executed by their duly authorized
representative. 
  

									
	ALPHATEC SPINE, INC.	 		 	PROGRESSIVE SPINAL TECHNOLOGIES LLC:
					
	By:	 	/s/ Dirk Kuyper	 		 	By:	 	/s/ E. Skott Greenhalgh
		 	Name: Dirk Kuyper	 		 		 	Name: E. Skott Greenhalgh
		 	Title: President and CEO	 		 		 	Title: CEO
			
	ALPHATEC HOLDINGS, INC.	 		 	
					
	By:	 	/s/ Dirk Kuyper	 		 		 	
		 	Name: Dirk Kuyper	 		 		 	
		 	Title: President and CEO	 		 		 	

  

 Portions of this Exhibit were omitted, as indicated by [***], and have been filed separately with
the Secretary 
 of the Commission pursuant to the Registrant’s application requesting confidential treatment under 

Rule 24b-2 of the Securities Exchange Act of 1934, as amended.Supplemental Indenture

 Exhibit 4.1 
 SUPPLEMENTAL INDENTURE 
 This Supplemental Indenture (the “Supplemental Indenture”) dated
as of June 30, 2009, is entered into by and among CompuCredit Corporation, a Georgia corporation (the “Company”), CompuCredit Holdings Corporation, a Georgia corporation (“Holdings”), and U.S. Bank National Association, as
successor to Wachovia Bank, National Association, as Trustee (the “Trustee”) under the Indenture (the “Indenture”) dated as of May 27, 2005 between the Company and the Trustee. 
 RECITALS 
 WHEREAS, the Company has
outstanding Securities issued pursuant to the Indenture. 
 WHEREAS, the Company, Holdings and CompuCredit Merger Sub, Inc., a Georgia
corporation and an indirect, wholly owned subsidiary of the Company (“Merger Sub”), have executed and delivered an Agreement and Plan of Merger, dated as of June 2, 2009 pursuant to which (i) the Merger Sub will be merged with
and into the Company, with the Company surviving the merger and (ii) the outstanding common stock of the Company will be converted into common stock of Holdings (the “Reorganization”). 
 WHEREAS, to effect the Reorganization, the Company has incorporated Holdings as a direct, wholly owned subsidiary, which in turn has incorporated Merger
Sub. 
 WHEREAS, as a result of the Reorganization, Holdings will become a holding company and the Company will become a direct wholly owned
subsidiary of Holdings. 
 WHEREAS, as a result of the Reorganization, Holdings will become a “successor Person” to the Company,
under the terms of the Indenture. 
 WHEREAS, Holdings and the Company intend that Holdings will succeed to, and be substituted for, and may
exercise every right and power of, the Company under the Indenture with the same effect as if Holdings had been named as the Company in the Indenture, and, thereafter, the Company will be discharged and released from all obligations and covenants
under the Indenture and the Securities. 
 NOW, THEREFORE, in consideration of the premises, the covenants herein contained and other good
and valuable consideration, the receipt and sufficiency of which are hereby acknowledged by the parties hereto, the parties hereto covenant and agree as follows: 
 ARTICLE I 
 Section 1.1 Capitalized Terms. Capitalized terms used but not defined herein
are defined in the Indenture and are used herein with the meanings assigned to them therein. 

 Section 1.2 Securities. Holdings shall, effective as of the effective time of the
Reorganization (the “Effective Time”), assume, and shall thereafter timely pay, perform, discharge and fully and unconditionally guarantee, each and every obligation of the Company under and with respect to those certain 3.625% Convertible
Senior Notes due 2025 (the “Securities”) issued by the Company in an aggregate principal amount of $250,000,000 pursuant to the Indenture. 
 Section 1.3 Indenture. Pursuant to Article 5 of the Indenture, Holdings shall, effective as of the Effective Time, succeed to, and be substituted for, and may exercise every right and power of, the Company
under the Indenture with the same effect as if Holdings had been named as the Company in the Indenture. Without limiting the foregoing, Holdings shall, effective as of the Effective Time, assume, and shall thereafter timely pay, perform, discharge
and fully and unconditionally guarantee, each and every obligation of the Company under and with respect to the Indenture. From and after the Effective Time, the Company will be discharged and released from all obligations and covenants under the
Indenture and the Securities, including but not limited to the obligation to pay, perform and discharge any indebtedness issued under the Indenture. 
 Section 1.4 Conversion of Securities. At the Effective Time, the Securities shall cease to be convertible into shares of the Company’s common stock and shall be convertible, under the same terms and
conditions as were applicable to such Securities immediately prior to the Effective Time, into shares of Holdings no par value common stock. 
 Section 1.5 No Recourse Against Others. No past, present or future director, officer, employee, incorporator, shareholder of Company, as such, shall have any liability for any obligations of Holdings or Company under the
Securities, the Indenture or this Supplemental Indenture or any claim based on, in respect of, or by reason of, such obligations or their creation. Each Holder, by accepting the Securities, waives and releases all such liability. The waiver and
release are part of the consideration for issuance of the Securities. 
 ARTICLE II 
 Section 2.1 Effectiveness. Although this Indenture may be executed and delivered by the parties hereto prior to the Effective Time, the
provisions hereof shall not become effective unless and until the Reorganization becomes effective and, under such circumstances, shall become effective concurrently with the Effective Time of the Reorganization. From and after the Effective Time,
the Indenture, as hereby supplemented, amended and modified, shall remain in full force and effect. 
 Section 2.2 References.
Each reference in the Indenture or this Supplemental Indenture to any article, section, term or provision of the Indenture shall mean and be deemed to refer to such article, section, term or provision of the Indenture, as modified by this
Supplemental Indenture, except where the context otherwise indicates. 
  

 2 

 Section 2.3 Benefit. All the covenants, provisions, stipulations and agreements contained in
this Supplemental Indenture are and shall be for the sole and exclusive benefit of the parties hereto, their successors and assigns, and of the Holders and registered owners from time to time of the Securities as hereby amended and supplemented.

 Section 2.4 Receipt by Trustee. In accordance with Article 5, Section 12.04 and Section 12.05 of the Indenture, the
Trustee acknowledges that it has received an Officer’s Certificate and Opinion of Counsel stating that the Reorganization and the Supplemental Indenture comply with Article 5 of the Indenture and that all conditions precedent provided in the
Indenture relating to the Reorganization have been satisfied. 
 Section 2.5 Counterparts. This Supplemental Indenture may be
executed in any number of counterparts, each of which shall be deemed an original and all of which taken together shall be deemed to be a single instrument. 
 Section 2.6 Governing Law. This Supplemental Indenture shall be governed by, and construed in accordance with, the laws of the state of New York without giving effect to the conflict of laws rules thereof.

 Section 2.7 Headings. The Article and Section headings herein are for convenience only and shall not affect the construction
hereof. 
 Section 2.8 The Trustee. The Trustee shall not be responsible in any manner whatsoever for or in respect of the
validity, legality or sufficiency of this Supplemental Indenture or for or in respect of the recitals contained herein, all of which recitals are made by the Company and Holdings. 
 Section 2.9 Separability. Each provision of this Supplemental Indenture shall be considered separable and if for any reason any provision
which is not essential to the effectuation of the basic purpose of this Supplemental Indenture shall be invalid, illegal or unenforceable, the validity, legality and enforceability of the remaining provisions shall not in any way be affected or
impaired thereby. 
 Section 2.10 Ratification of Indenture; Supplemental Indenture Part of Indenture. Except as expressly
supplemented hereby, the Indenture is in all respects ratified and confirmed and all the terms, conditions and provisions thereof shall remain in full force and effect. This Supplemental Indenture shall form a part of the Indenture for all purposes,
and every Holder of Securities heretofore or hereafter authenticated and delivered shall be bound hereby. 
  

 3 

 IN WITNESS WHEREOF, the undersigned have each caused this Supplemental Indenture to be executed in its
corporate name by the officer whose name is provided below, all as of the day and year first above written. 
  

			
	COMPUCREDIT CORPORATION
		
	By:	 	/s/ David G. Hanna
	Name:	 	David G. Hanna
	Title:	 	Chief Executive Officer
		
	By:	 	/s/ Richard W. Gilbert
	Name:	 	Richard W. Gilbert
	Title:	 	Chief Operating Officer
	
	COMPUCREDIT HOLDINGS CORPORATION
		
	By:	 	/s/ David G. Hanna
	Name:	 	David G. Hanna
	Title:	 	Chief Executive Officer
		
	By:	 	/s/ J.Paul Whitehead, III
	Name:	 	J.Paul Whitehead, III
	Title:	 	Chief Financial Officer
	
	U.S. BANK NATIONAL ASSOCIATION
		
	By:	 	/s/ Paul L. Henderson
	Name:	 	Paul L. Henderson
	Title:	 	Assistant Vice President

  

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