Document:

Amendment No. 1 to Credit and Guaranty Agreement

 Exhibit 10.19 
 Execution Version 
 AMENDMENT NO. 1 

TO 

CREDIT AND GUARANTY AGREEMENT 
 This AMENDMENT NO. 1 TO THE CREDIT AND GUARANTY AGREEMENT, dated as of July 14, 2011 (this “Amendment”) is entered into among BRIGHT HORIZONS FAMILY SOLUTIONS LLC, a Delaware limited
liability company as successor in interest to Bright Horizons Family Solutions, Inc. (the “Borrower”), BRIGHT HORIZONS CAPITAL CORP. (formerly known as Swingset Holdings Corp.), a Delaware corporation (“Holdings”),
and the Lenders party hereto (the “Lenders”), and amends the Credit and Guaranty Agreement, dated as of May 28, 2008 (as amended hereby and as the same may be further amended, amended and restated, supplemented or otherwise
modified from time to time, the “Credit Agreement”), by and among the Borrower, Holdings and certain Subsidiaries of the Borrower, as Guarantors, the Lenders, Goldman Sachs Credit Partners L.P., as Syndication Agent, and General
Electric Capital Corporation, as Administrative Agent and Collateral Agent. Capitalized terms not otherwise defined in this Amendment have the meanings ascribed to such terms in the Credit Agreement. 

W I T N E S S E T H: 
 WHEREAS, the Borrower, Holdings, the Guarantors, the Lenders, the Syndication Agent, the Administrative Agent and the Collateral Agent are party to the Credit Agreement; 

WHEREAS, in connection with the Specified Acquisition (as defined below), the Borrower desires to amend certain provisions of the Credit
Agreement to permit the Specified Acquisition; 
 WHEREAS, in accordance with Section 10.5 of the Credit Agreement the
Requisite Lenders and the Borrower consent to amend the Credit Agreement in accordance with the terms and conditions set forth below. 
 NOW, THEREFORE, in consideration of the premises and the covenants and obligations contained herein, the parties hereto agree as follows: 
 SECTION 1. Amendments to the Credit Agreement 
 The
Credit Agreement is, effective as of the Amendment No. 1 Effective Date (as defined in section 2 below), hereby amended as follows: 
 (a)        Amendments to Section 1 (Definitions and Interpretation). Section 1.1 (Definitions) of the Credit Agreement is hereby amended as
follows: 
 (i)        The following definitions are each hereby
inserted in Section 1.1 (Definitions) of the Credit Agreement in the appropriate place to preserve the alphabetical order of the definitions contained therein: 

  

 AMENDMENT NO. 1 TO CREDIT
AND GUARANTY AGREEMENT 
 BRIGHT HORIZONS
FAMILY SOLUTIONS LLC 
 “Amendment No. 1” means Amendment
No. 1, dated as of July 14, 2011, to this Agreement. 
 “Amendment No. 1 Effective
Date” has the meaning specified in Amendment No. 1. 
 “Specified Acquisition”
means each acquisition by the Borrower or one of its Subsidiaries of (i) initially, not less than 63% of the voting Equity Interests of the Specified Acquisition Target and (ii) at any time following the acquisition referred to in clause
(i), all or any portion of the remaining Equity Interests of the Specified Acquisition Target. 

“Specified Acquisition Guaranties” means guaranties by Holdings or any of its Subsidiaries of
obligations to acquire Equity Interests of the Specified Acquisition Target as described in clause (ii) of the definition of Specified Acquisition. 
 “Specified Acquisition Target” means a certain company organized under the laws of a member state of the European Economic Area separately identified by the Borrower to the Syndication
Agent prior to the Amendment No. 1 Effective Date. 

(ii)        The definition of “Permitted Acquisition” is hereby
amended by: 
 (1)        replacing the words from “means” to
and including “provided” with the following: 
 means (a) each Specified Acquisition and
(b) any other acquisition by the Borrower or any of its Wholly-Owned Subsidiaries or the Specified Acquisition Target or any of its Wholly-Owned Subsidiaries, whether by purchase, merger or otherwise, of all or substantially all of the assets
of, all of the Equity Interests of, or a business line or unit or a division of, any Person; provided, 

(2)        in clause (iii) inserting after the words “in the case of
the acquisition of Equity Interests,” the following: 
  
 (except as otherwise contemplated in the definition of Specified Acquisition with respect to the Equity Interests of the Specified Acquisition Target) 

(3)        in clause (v) inserting after the words “at least 10
Business Days prior to such proposed acquisition” the following: 
 (or with respect to the acquisition
referred to in clause (i) of the definition of Specified Acquisition, within 5 Business Days after the date of such acquisition) 

  
 -2-

 AMENDMENT NO. 1 TO CREDIT
AND GUARANTY AGREEMENT 
 BRIGHT HORIZONS
FAMILY SOLUTIONS LLC 
 (4)        in
clause (viii) inserting after the words “pursuant to all Permitted Acquisitions” the following: 

(excluding any Specified Acquisition) 
  

(b)        Amendments to Section 6 (Negative Covenants). Section 6 (Negative
Covenants) of the Credit Agreement is hereby amended as follows: 

(i)        Section 6.2 of the Credit Agreement is hereby amended by deleting the word
“and” after subsection 6.2(r), replacing the “.” at the end of subsection 6.2(s) with “; and” and adding a new subsection 6.2(t) thereto, which shall read in its entirety as follows: 

(t)        to the extent constituting Liens, restrictions on the transfer of
Equity Interests of the Specified Acquisition Target in favor of the equity holders other than the Borrower or one of its Subsidiaries, including consent rights, rights of first refusal and other similar rights, contained in the Organizational
Documents for the Specified Acquisition Target or the documentation relating to any Specified Acquisition; provided, that such restrictions shall only be permitted for so long as the Specified Acquisition Target is not a Wholly-Owned
Subsidiary. 
 (ii)        Section 6.6(b) of the Credit Agreement is hereby
deleted in its entirety and is replaced as follows: 

(b)        Investments (i) in the Borrower or any Subsidiary Guarantor,
(ii) by any Subsidiary that is not a Credit Party in any other Subsidiary that is also not a Credit Party, (iii) by the Borrower or any Subsidiary in any Subsidiary that is not a Guarantor; provided that, in the case of clause
(iii) above, (x) any Investment in the form of a loan or advance shall be evidenced by an Intercompany Note and, if owed to a Credit Party, shall be subject to a First Priority Lien pursuant to the Pledge and Security Agreement and
(y) the aggregate outstanding amount of such Investments in Subsidiaries that are not Guarantors (excluding any Specified Acquisition, any Specified Acquisition Guaranty and any such Investment described on Schedule 6.6) shall not exceed an
amount equal to (A) $50,000,000 (provided, that such Dollar limitation shall be increased to $75,000,000 if the Senior Secured Leverage Ratio is less than 2.00:1.00 immediately before and immediately after giving effect to such
Investment on a pro forma basis) minus (B) the aggregate outstanding amount of Investments by Credit Parties in Foreign Acquisitions pursuant to Section 6.6(g) (other than Foreign Acquisitions directly financed or paid for with Qualified
Equity Interests of Holdings or any Parent or Permitted Equity Proceeds); 

(iii)        Section 6.6(g) of the Credit Agreement is hereby deleted in its entirety and
is replaced as follows: 
 (g)        Permitted Acquisitions;
provided, that the aggregate outstanding amount of Investments by Credit Parties with respect to Foreign Acquisitions (except to the extent directly financed or paid for with Qualified Equity Interests

  
 -3-

 AMENDMENT NO. 1 TO CREDIT
AND GUARANTY AGREEMENT 
 BRIGHT HORIZONS
FAMILY SOLUTIONS LLC 
 of Holdings or any Parent or Permitted Equity Proceeds and excluding any
Specified Acquisition) shall not exceed an amount equal to (i) $50,000,000 (provided, that such Dollar limitation shall be increased to $75,000,000 if the Senior Secured Leverage Ratio is less than 2.00:1.00 immediately before and
immediately after giving effect to such Permitted Acquisition on a pro forma basis) minus (ii) the aggregate outstanding amount of Investments pursuant to 6.6(b)(iii); 
 (iv)        Section 6.6 of the Credit Agreement is hereby amended by deleting the word “and” after subsection 6.6(o), replacing the “.” at
the end of subsection 6.6(p) with “; and” and adding a new subsection 6.6(q) thereto, which shall read in its entirety as follows: 
 (q)        the Specified Acquisition Guaranties. 

SECTION 2. Conditions Precedent to the Effectiveness of this Amendment 

This Amendment shall become effective when each of the following conditions precedent shall have been satisfied (the “Amendment
No. 1 Effective Date”): 
 (a)        The Syndication
Agent and Administrative Agent shall have received each of the following, each dated the Amendment No. 1 Effective Date: 
 (i)        this Amendment, duly executed by the Borrower, Holdings and the Requisite Lenders; and 

 

(ii)        the Guarantor Acknowledgment to Amendment No. 1 to Credit and
Guaranty Agreement, duly executed by each Guarantor in the form attached hereto as Exhibit A. 

(b)        The Borrower shall have paid (i) fees payable to the Syndication
Agent as separately agreed between the Borrower and the Syndication Agent, and (ii) all amounts referred to in Sections 4 (Amendment Fee) and 5 (Costs and Expenses) of this Amendment. 

(c)        The representations and warranties contained in Section 3 hereof
shall be true and correct. 
 SECTION 3. Representations and Warranties 

On and as of the date hereof and as of the Amendment No. 1 Effective Date, after giving effect to this Amendment, the Borrower hereby
represents and warrants that: 
 (a)        this Amendment has been duly
authorized, executed and delivered by the Borrower and Holdings and constitutes a legal, valid and binding obligation of the Borrower and Holdings, respectively, enforceable against such Person in accordance with its terms, and the Credit Agreement
as amended by this Amendment constitutes the legal, valid and binding obligation of the Borrower and Holdings, enforceable against the Borrower and Holdings, respectively, in accordance with its terms, in each case, except as enforceability may be
limited by applicable bankruptcy, liquidation, conservatorship, assignment for the benefit 

  
 -4-

 AMENDMENT NO. 1 TO CREDIT
AND GUARANTY AGREEMENT 
 BRIGHT HORIZONS
FAMILY SOLUTIONS LLC 
 of creditors, insolvency, rearrangement, receivership, reorganization,
moratorium or similar laws affecting creditors’ or secured parties’ rights generally or by equitable principles or by implied covenants of good faith and fair dealing relating to enforceability; 

(b)        each of the representations and warranties contained in Section 4
(Representations and Warranties) of the Credit Agreement shall be true and correct in all material respects on and as of the date hereof, in each case as if made on and as of such date, except to the extent that such representations and warranties
specifically relate to an earlier date, in which case such representations and warranties shall have been true and correct in all material respects on and as of such earlier date; provided, that in each case, such materiality qualifier shall
not be applicable to any representations and warranties that are already qualified or modified by materiality in the text thereof; provided, however, that references therein to the “Credit Agreement” shall be deemed to refer
to the Credit Agreement as amended by this Amendment; and 

(c)        no Default or Event of Default has occurred and is continuing.

 SECTION 4. Amendment Fee 
 The Borrower agrees to pay on the Amendment No. 1 Effective Date to the Syndication Agent for the account of each Lender party to this Amendment which has delivered its executed signature page to
this Amendment to the Syndication Agent not later than 5:00 p.m. New York City time on July 13, 2011 (or such later time and/or date as the Borrower and the Syndication Agent may agree) (the “Consent Deadline”), an amendment
fee in an amount equal to 0.10% of the sum of (x) the aggregate principal amount of Term Loans, if any, held by such Lender as of the Consent Deadline with respect to which a signature page was delivered and (y) the aggregate amount of the
Revolving Commitment, if any, of such Lender as of the Consent Deadline with respect to which a consent was delivered. Such amendment fee will be in all respects fully earned when paid and non-refundable and non-creditable. 

SECTION 5. Costs and Expenses 
 The Borrower and Holdings, jointly and severally, shall pay on demand in accordance with the terms of Section 10.2 of the Credit Agreement all costs and expenses of the Syndication Agent in
connection with the preparation, reproduction, execution and delivery of this Amendment and all other Credit Documents entered into in connection herewith (including, without limitation, the reasonable fees and out-of-pocket expenses of counsel for
the Syndication Agent with respect thereto and all other Credit Documents) and all outstanding unpaid invoices which are payable pursuant to Section 10.2 of the Credit Agreement and invoiced on or prior to the Consent Deadline. 

SECTION 6. Reference to the Effect on the Credit Documents 

(a)        As of the Amendment No. 1 Effective Date, each reference in the
Credit Agreement to “this Agreement,” “hereunder,” “hereof,” “herein,” or words of like import, and each reference in the other Credit Documents to the Credit Agreement (including,
without limitation, by means of words like “thereunder”, “thereof” and words of like import), shall mean and be a reference to the Credit Agreement as amended hereby, and this Amendment and the Credit Agreement
shall be read together and construed as a single instrument. 

  
 -5-

 AMENDMENT NO. 1 TO CREDIT
AND GUARANTY AGREEMENT 
 BRIGHT HORIZONS
FAMILY SOLUTIONS LLC 
 (b)        Each of
the Borrower and Holdings hereby reaffirms all its liens and other obligations granted or incurred pursuant to the Credit Documents all of which liens and obligations shall remain in full force and effect (as amended and otherwise expressly modified
by this Amendment). 
 (c)        Except as expressly amended hereby or
specifically waived above, all of the terms and provisions of the Credit Agreement and all other Credit Documents are and shall remain in full force and effect and are hereby ratified and confirmed. 

(d)        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 the Lenders, the Syndication Agent, the Administrative Agent or the Collateral Agent under any of the Credit Documents, nor constitute a waiver or amendment of
any other provision of any of the Credit Documents or for any purpose except as expressly set forth herein. 

(e)        This Amendment is a Credit Document. 

SECTION 7. Execution in Counterparts 
 This Amendment may be executed in any number of counterparts, each of which when so executed and delivered shall be deemed an original, but all such counterparts together shall constitute but one and the
same instrument. Signature pages may be detached from multiple separate counterparts and attached to a single counterpart so that all signature pages are attached to the same document. Delivery of an executed counterpart by telecopy or electronic
transmission shall be effective as delivery of a manually executed counterpart of this Amendment. 
 SECTION 8.
Governing Law 
 This Amendment shall be governed by and construed in accordance with the law of the State of
New York. 
 SECTION 9. Section Titles 

The section titles contained in this Amendment are and shall be without substantive meaning or content of any kind whatsoever and are not
a part of the agreement between the parties hereto, except when used to reference a section. Any reference to the number of a clause, sub-clause or subsection of any Credit Document immediately followed by a reference in parenthesis to the title of
the section of such Credit Document containing such clause, sub-clause or subsection is a reference to such clause, sub-clause or subsection and not to the entire section; provided, however, that, in case of direct conflict between the
reference to the title and the reference to the number of such section, the reference to the title shall govern absent manifest error. If any reference to the number of a section (but not to any clause, sub-clause or subsection thereof) of any
Credit Document is followed immediately by a reference in parenthesis to the title of a section of any Credit Document, the title reference shall govern in case of direct conflict absent manifest error.

  
 -6-

 AMENDMENT NO. 1 TO CREDIT
AND GUARANTY AGREEMENT 
 BRIGHT HORIZONS
FAMILY SOLUTIONS LLC 
 SECTION 10. Notices 

All communications and notices hereunder shall be given as provided in the Credit Agreement. 

SECTION 11. Severability 
 In case any provision in or obligation under this Amendment shall be invalid, illegal or unenforceable in any jurisdiction, the validity, legality and enforceability of the remaining provisions or
obligations, or of such provision or obligation in any other jurisdiction, shall not in any way be affected or impaired thereby. 

SECTION 12. Successors 
 The terms of this Amendment shall be binding upon, and shall inure to the benefit of, the parties hereto and their respective successors and assigns. 

SECTION 13. Waiver of Jury Trial 
 EACH OF THE PARTIES HERETO AGREES TO WAIVE ITS RESPECTIVE RIGHTS TO A JURY TRIAL OF ANY CLAIM OR CAUSE OF ACTION BASED UPON OR ARISING UNDER THIS AMENDMENT OR ANY OTHER CREDIT DOCUMENT. 

[SIGNATURE PAGES FOLLOW] 

  
 -7-

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

			
	BRIGHT HORIZONS FAMILY SOLUTIONS LLC
		
	By:	 	/S/    DAVID LISSY        
	Name:	 	David Lissy
	Title:	 	Chief Executive Officer

  

			
	BRIGHT HORIZONS CAPITAL CORP.
		
	By:	 	/S/    DAVID LISSY        
	Name:	 	David Lissy
	Title:	 	Chief Executive Officer

  

[SIGNATURE PAGE TO AMENDMENT NO. 1 TO
BRIGHT HORIZONS CREDIT AGREEMENT] 

  

			
	 U.S. CAPITAL FUNDING VI, LTD.,
 as a Lender

		
	By:	 	StoneCastle Advisors, LLC,
		 	its attorney-in-fact
	Name:	 	
	Title:	 	

  

			
	
		
	 By:
	 	/s/    MATTHEW MAYERS      
		 	 Matthew Mayers

		 	 Secretary

  

[SIGNATURE PAGE TO AMENDMENT NO. 1 TO
BRIGHT HORIZONS CREDIT AGREEMENT] 

  

			
	 U.S. CAPITAL FUNDING V, LTD.,
 as a Lender

		
	By:	 	/s/    StoneCastle Advisors, LLC,      
		 	its attorney-in-fact
	Name:	 	
	Title:	 	

  

			
	
		
	 By:
	 	/s/    MATTHEW MAYERS      
		 	 Matthew Mayers

		 	 Secretary

  

[SIGNATURE PAGE TO AMENDMENT NO. 1 TO
BRIGHT HORIZONS CREDIT AGREEMENT] 

  

			
	 TURF MOOR

as a Lender

		
	By:	 	/s/    RICHARD TAYLOR      
	Name:	 	Richard Taylor
	Title:	 	Authorized Signatory

  

[SIGNATURE PAGE TO AMENDMENT NO. 1 TO
BRIGHT HORIZONS CREDIT AGREEMENT] 

  

			
	 THE LOOMIS SAYLES
 SENIOR LOAN FUND, LLC,
 As Lender

		
	By:	 	 Loomis, Sayles & Company, L.P.,
 Its Managing Member

		
	By:	 	 Loomis, Sayles & Company, Incorporated,
 Its General Partner

  

			
	as a Lender
		
	By:	 	/s/    MARY MCCARTHY      
	 Name:
	 	Mary McCarthy
	 Title:
	 	Secretary

  

[SIGNATURE PAGE TO AMENDMENT NO. 1 TO
BRIGHT HORIZONS CREDIT AGREEMENT] 

  

			
	 Cornerstone CLO Ltd.

By Stone Tower Debt Advisors LLC
 As Its
Collateral Manager
  
 as a Lender

		
	By:	 	/s/    MICHAEL W. DELPERCIO      
	 Name:
	 	Michael W. DelPercio
	 Title:
	 	Authorized Signatory

  

[SIGNATURE PAGE TO AMENDMENT NO. 1 TO
BRIGHT HORIZONS CREDIT AGREEMENT] 

  

			
	 Granite Ventures II Ltd.
 By Stone Tower Debt Advisors LLC
 As Its Collateral Manager

 
 as a Lender

		
	By:	 	/s/    MICHAEL W. DELPERCIO      
	 Name:
	 	Michael W. DelPercio
	 Title:
	 	Authorized Signatory

  

[SIGNATURE PAGE TO AMENDMENT NO. 1 TO
BRIGHT HORIZONS CREDIT AGREEMENT] 

  

			
	 Granite Ventures III Ltd.
 By Stone Tower Debt Advisors LLC
 As Its Collateral Manager

 
 as a Lender

		
	By:	 	/s/    MICHAEL W. DELPERCIO      
	 Name:
	 	Michael W. DelPercio
	 Title:
	 	Authorized Signatory

  

[SIGNATURE PAGE TO AMENDMENT NO. 1 TO
BRIGHT HORIZONS CREDIT AGREEMENT] 

 
			
	 Rampart CLO 2007 Ltd.
 By Stone Tower Debt Advisors LLC
 As Its Collateral Manager

 
 as a Lender

		
	By:	 	/s/    MICHAEL W. DELPERCIO      
	 Name:
	 	Michael W. DelPercio
	 Title:
	 	Authorized Signatory

  

[SIGNATURE PAGE TO AMENDMENT NO. 1 TO
BRIGHT HORIZONS CREDIT AGREEMENT] 

  

			
	 Rampart CLO 2006-1 Ltd.
 By Stone Tower Debt Advisors LLC
 As Its Collateral Manager

 
 as a Lender

		
	By:	 	/s/    MICHAEL W. DELPERCIO      
	 Name:
	 	Michael W. DelPercio
	 Title:
	 	Authorized Signatory

  

[SIGNATURE PAGE TO AMENDMENT NO. 1 TO
BRIGHT HORIZONS CREDIT AGREEMENT] 

  

			
	 Stone Tower CLO III Ltd.
 By Stone Tower Debt Advisors LLC
 As Its Collateral Manager

 
 as a Lender

		
	By:	 	/s/    MICHAEL W. DELPERCIO      
	 Name:
	 	Michael W. DelPercio
	 Title:
	 	Authorized Signatory

  

[SIGNATURE PAGE TO AMENDMENT NO. 1 TO
BRIGHT HORIZONS CREDIT AGREEMENT] 

  

			
	 Stone Tower CLO IV Ltd.
 By Stone Tower Debt Advisors LLC
 As Its Collateral Manager

 
 as a Lender

		
	By:	 	/s/    MICHAEL W. DELPERCIO      
	 Name:
	 	Michael W. DelPercio
	 Title:
	 	Authorized Signatory

  

[SIGNATURE PAGE TO AMENDMENT NO. 1 TO
BRIGHT HORIZONS CREDIT AGREEMENT] 

  

			
	 Stone Tower CLO V Ltd.
 By Stone Tower Debt Advisors LLC
 As Its Collateral Manager

 
 as a Lender

		
	By:	 	/s/    MICHAEL W. DELPERCIO      
	 Name:
	 	Michael W. DelPercio
	 Title:
	 	Authorized Signatory

  

[SIGNATURE PAGE TO AMENDMENT NO. 1 TO
BRIGHT HORIZONS CREDIT AGREEMENT] 

  

			
	 Stone Tower CLO VI Ltd.
 By Stone Tower Debt Advisors LLC
 As Its Collateral Manager

 
 as a Lender

		
	By:	 	/s/    MICHAEL W. DELPERCIO      
	 Name:
	 	Michael W. DelPercio
	 Title:
	 	Authorized Signatory

  

[SIGNATURE PAGE TO AMENDMENT NO. 1 TO
BRIGHT HORIZONS CREDIT AGREEMENT] 

  

			
	 Stone Tower CLO VII Ltd.
 By Stone Tower Debt Advisors LLC
 As Its Collateral Manager

 
 as a Lender

		
	By:	 	/s/    MICHAEL W. DELPERCIO      
	 Name:
	 	Michael W. DelPercio
	 Title:
	 	Authorized Signatory

  

[SIGNATURE PAGE TO AMENDMENT NO. 1 TO
BRIGHT HORIZONS CREDIT AGREEMENT] 

  

			
	 Stone Tower Loan Trust 2010
 By Stone Tower Fund Management LLC,
 As Its Investment Manager

 
 as a Lender

		
	By:	 	/s/    MICHAEL W. DELPERCIO      
	 Name:
	 	Michael W. DelPercio
	 Title:
	 	Authorized Signatory

  

[SIGNATURE PAGE TO AMENDMENT NO. 1 TO
BRIGHT HORIZONS CREDIT AGREEMENT] 

  

			
	 Cornerstone CLO Ltd.
 By Stone Tower Debt Advisors LLC
 As Its Collateral Manager

 
 as a Lender

		
	By:	 	/s/    MICHAEL W. DELPERCIO      
	 Name:
	 	Michael W. DelPercio
	 Title:
	 	Authorized Signatory

  

[SIGNATURE PAGE TO AMENDMENT NO. 1 TO
BRIGHT HORIZONS CREDIT AGREEMENT] 

  

			
	 State Street Bank and Trust Company, as Trustee for the General Motors Salaried Employees Pension Trust,

 
 as a Lender

		
	By:	 	/s/    KIMBERLY A. DINSMORE      
	 Name:
	 	Kimberly A. Dinsmore
	 Title:
	 	 Client Service Officer
 State Street Bank and Trust Company

  

[SIGNATURE PAGE TO AMENDMENT NO. 1 TO
BRIGHT HORIZONS CREDIT AGREEMENT] 

  

			
	 State Street Bank and Trust Company, as Trustee for the General Motors Hourly-Rate Employees Pension Trust,

 
 as a Lender

		
	By:	 	/s/    KIMBERLY A. DINSMORE      
	 Name:
	 	Kimberly A. Dinsmore
	 Title:
	 	 Client Service Officer
 State Street Bank and Trust Company

  

[SIGNATURE PAGE TO AMENDMENT NO. 1 TO
BRIGHT HORIZONS CREDIT AGREEMENT] 

  

			
	 SHINNECOCK CLO 2006-1 LTD,
 as a Lender

		
	By:	 	/s/    FRANCIS RUCHALSKI      
	 Name:
	 	FRANCIS RUCHALSKI
	 Title:
	 	CFO

  

[SIGNATURE PAGE TO AMENDMENT NO. 1 TO
BRIGHT HORIZONS CREDIT AGREEMENT] 

  

			
	 Riversource Variable Series Trust-Variable
 Portfolio-Eaton Vance Floating-Rate Income Fund,
  

as a Lender

		
	By:	 	 Eaton Vance Management as

Investment Sub-Advisor      

  

			
		
	By:	 	/s/    MICHAEL BOTTHOF      
	 Name:
	 	Michael Botthof
	 Title:
	 	Vice President

  

			
	Second Signatory
		
	By:	 	 
	 Name:
	 	
	 Title:
	 	

  

[SIGNATURE PAGE TO AMENDMENT NO. 1 TO
BRIGHT HORIZONS CREDIT AGREEMENT] 

  

			
	 Renaissance Trust 2009
 By: Highbridge Principal Strategies LLC,
 its
Sub-Investment Manager,
 as a Lender

		
	By:	 	/s/    JAMIE DONSKY       
	 Name:
	 	Jamie Donsky
	 Title:
	 	Vice President

  

[SIGNATURE PAGE TO AMENDMENT NO. 1 TO
BRIGHT HORIZONS CREDIT AGREEMENT] 

  

			
	 REGATTA FUNDING LTD.

By: Citi Alternative Investments LLC,
 attorney-in-fact,
 as a Lender

		
	By:	 	/s/    MELANIE HANLON      
	 Name:
	 	Melanie Hanlon
	 Title:
	 	Director

  

[SIGNATURE PAGE TO AMENDMENT NO. 1 TO
BRIGHT HORIZONS CREDIT AGREEMENT] 

  

			
	 Pioneer Strategic Income Fund
 Pioneer Floating Rate Fund
 Pioneer Floating Rate Trust,

each as a Lender
  

By: Pioneer Investment Management, Inc.,
 its
advisor

		
	By:	 	/s/    MARGARET C. BEGLEY      
	 Name:
	 	Margaret C. Begley
	 Title:
	 	Secretary and Associate General Counsel

  

[SIGNATURE PAGE TO AMENDMENT NO. 1 TO
BRIGHT HORIZONS CREDIT AGREEMENT] 

  

			
	 Oppenheimer Senior Floating Rate Fund,
 as a Lender

		
	By:	 	/s/    BRAD HEBERT      
	 Name:
	 	Brad Hebert
	 Title:
	 	AVP

  

[SIGNATURE PAGE TO AMENDMENT NO. 1 TO
BRIGHT HORIZONS CREDIT AGREEMENT] 

  

			
	 Oppenheimer Master Loan Fund, LLC,
 as a Lender

		
	By:	 	/s/    BRAD HEBERT      
	 Name:
	 	Brad Hebert
	 Title:
	 	AVP

  

[SIGNATURE PAGE TO AMENDMENT NO. 1 TO
BRIGHT HORIZONS CREDIT AGREEMENT] 

  

			
	 OFSI Fund III, Ltd.
 By: Orchard First Source Capital, Inc.

Its: attorney in fact

		 	
By: /s/    KEN A. BROWN             
           
  
         Name: Ken A. Brown

        Title: Duly Authorized Signatory

  

[SIGNATURE PAGE TO AMENDMENT NO. 1 TO
BRIGHT HORIZONS CREDIT AGREEMENT] 

  

			
	 NATIXIS LOOMIS SAYLES
 SENIOR LOAN FUND,
 As Lender

		
	By:	 	 Loomis, Sayles & Company, L.P.,
 Its Investment Manager

		
	By:	 	 Loomis, Sayles & Company, Incorporated,
 Its General Partner

  

			
		
	as a Lender	 	

  

			
		
	By:	 	/s/    MARY MCCARTHY      
	 Name:
	 	Mary McCarthy
	 Title:
	 	Vice President

  

[SIGNATURE PAGE TO AMENDMENT NO. 1 TO
BRIGHT HORIZONS CREDIT AGREEMENT] 

  

			
	 MOUNTAIN VIEW FUNDING CLO 
 2006-1, LTD.
 By: Seix Investment Advisors LLC, as Collateral Manager and as a
Lender

  

			
	 MOUNTAIN VIEW CLO III LTD.
 By: Seix Investment Advisors LLC, as Collateral Manager and as a Lender

  

			
		
	By:	 	/s/    GEORGE GOUDELIAS      
	 Name:
	 	George Goudelias
	 Title:
	 	Managing Director

  

[SIGNATURE PAGE TO AMENDMENT NO. 1 TO
BRIGHT HORIZONS CREDIT AGREEMENT] 

  

			
	 MARLBOROUGH STREET CLO, LTD.,
 By its Collateral Manager, Massachusetts
 Financial Services Company,

as a Lender

		
	By:	 	/s/    DAVID COBEY      
	 Name:
	 	David Cobey
	 Title:
	 	As authorized representative and not individually

  

[SIGNATURE PAGE TO AMENDMENT NO. 1 TO
BRIGHT HORIZONS CREDIT AGREEMENT] 

  

			
	 Madison Capital Funding LLC,
 as a Lender

		
	By:	 	/s/    SUNIL MEHTA      
	 Name:
	 	Sunil Mehta
	 Title:
	 	Vice President

  

[SIGNATURE PAGE TO AMENDMENT NO. 1 TO
BRIGHT HORIZONS CREDIT AGREEMENT] 

  

			
	 LOOMIS SAYLES

LEVERAGED SENIOR LOAN FUND LTD.,
 As
Lender

		
	By:	 	 Loomis, Sayles & Company, L.P.,
 Its Investment Manager

  

			
		
	By:	 	 Loomis, Sayles & Company, Incorporated,
 Its General Partner

  

			
		
	 as a Lender
	 	

  

			
		
	By:	 	/s/    MARY MCCARTHY      
	 Name:
	 	Mary McCarthy
	 Title:
	 	Vice President

  

[SIGNATURE PAGE TO AMENDMENT NO. 1 TO
BRIGHT HORIZONS CREDIT AGREEMENT] 

  

			
	 Lake Placid Funding
 as a Lender

		
	By:	 	/s/     RICHARD TAYLOR      
	 Name:
	 	Richard Taylor
	 Title:
	 	Authorized Signatory

  

[SIGNATURE PAGE TO AMENDMENT NO. 1 TO
BRIGHT HORIZONS CREDIT AGREEMENT] 

  

			
	 KKR Financial CLO 2005-1, Ltd.,
 as a Lender

		
	By:	 	/s/    ALEXANDRA SANDBERG      
	 Name:
	 	Alexandra Sandberg
	 Title:
	 	Authorized Signatory

  

[SIGNATURE PAGE TO AMENDMENT NO. 1 TO
BRIGHT HORIZONS CREDIT AGREEMENT] 

  

			
	 JERSEY STREET CLO, LTD., By its Collateral
 Manager, Massachusetts Financial Services Company,
 as a Lender

		
	By:	 	/s/    DAVID COBEY      
	 Name:
	 	David Cobey
	 Title:
	 	As authorized representative and not individually

  

[SIGNATURE PAGE TO AMENDMENT NO. 1 TO
BRIGHT HORIZONS CREDIT AGREEMENT] 

  

			
	 ALZETTE EUROPEAN CLO S.A.
 By: INVESCO Senior Secured Management, Inc.
 As Collateral Manager,

as a Lender

		
	By:	 	/s/    KEVIN EGAN      
	 Name:
	 	Kevin Egan
	 Title:
	 	Authorized Signatory

  

[SIGNATURE PAGE TO AMENDMENT NO. 1 TO
BRIGHT HORIZONS CREDIT AGREEMENT] 

  

			
	 AVALON CAPITAL LTD. 3
 By: INVESCO Senior Secured Management, Inc.
 As Asset Manager,

as a Lender

		
	By:	 	/s/    KEVIN EGAN      
	 Name:
	 	Kevin Egan
	 Title:
	 	Authorized Signatory

  

[SIGNATURE PAGE TO AMENDMENT NO. 1 TO
BRIGHT HORIZONS CREDIT AGREEMENT] 

  

			
	 CHAMPLAIN CLO, LTD.
 By: INVESCO Senior Secured Management, Inc.
       As Collateral
Manager,
 as a Lender

		
	By:	 	/s/    KEVIN EGAN      
	 Name:
	 	Kevin Egan
	 Title:
	 	Authorized Signatory

  

[SIGNATURE PAGE TO AMENDMENT NO. 1 TO
BRIGHT HORIZONS CREDIT AGREEMENT] 

  

			
	 Confluent 3 Limited.
 By: INVESCO Senior Secured Management, Inc.
       As Investment
Manager,
 as a Lender

		
	By:	 	/s/    KEVIN EGAN      
	 Name:
	 	Kevin Egan
	 Title:
	 	Authorized Signatory

  

[SIGNATURE PAGE TO AMENDMENT NO. 1 TO
BRIGHT HORIZONS CREDIT AGREEMENT] 

  

			
	 DIVERSIFIED CREDIT PORTFOLIO LTD.
 By: INVESCO Senior Secured Management, Inc.
       As Investment
Advisor,
 as a Lender

		
	By:	 	/s/    KEVIN EGAN      
	 Name:
	 	Kevin Egan
	 Title:
	 	Authorized Signatory

  

[SIGNATURE PAGE TO AMENDMENT NO. 1 TO
BRIGHT HORIZONS CREDIT AGREEMENT] 

  

			
	 Invesco Van Kampen Dynamic Credit Opportunities Fund
 By: INVESCO Senior Secured Management, Inc.
 As Sub-Advisor,

as a Lender

		
	By:	 	/s/    KEVIN EGAN      
	 Name:
	 	Kevin Egan
	 Title:
	 	Authorized Signatory

  

[SIGNATURE PAGE TO AMENDMENT NO. 1 TO
BRIGHT HORIZONS CREDIT AGREEMENT] 

  

			
	 Invesco Floating Rate Fund
 By: INVESCO Senior Secured Management, Inc.
       As
Sub-Advisor,
 as a Lender

		
	By:	 	/s/    KEVIN EGAN      
	 Name:
	 	Kevin Egan
	 Title:
	 	 Authorized Signatory

  

[SIGNATURE PAGE TO AMENDMENT NO. 1 TO
BRIGHT HORIZONS CREDIT AGREEMENT] 

  

			
	 HUDSON CANYON FUNDING II, LTD
 By: INVESCO Senior Secured Management, Inc.
       As Collateral
Manager & Attorney In Fact,
 as a Lender

		
	By:	 	/s/    KEVIN EGAN      
	 Name:
	 	Kevin Egan
	 Title:
	 	Authorized Signatory

  

[SIGNATURE PAGE TO AMENDMENT NO. 1 TO
BRIGHT HORIZONS CREDIT AGREEMENT] 

 
			
	 LIMEROCK CLO I
 By: INVESCO Senior Secured Management, Inc.
         As
Investment Manager,
 as a Lender

		
	By:	 	/s/    KEVIN EGAN
	Name: Kevin Egan
	Title:   Authorized Signatory

  

[SIGNATURE PAGE TO AMENDMENT NO. 1 TO
BRIGHT HORIZONS CREDIT AGREEMENT] 

 
			
	 MOSELLE CLO S.A.
 By: INVESCO Senior Secured Management, Inc.
         As
Collateral Manager,
 as a Lender

		
	By:	 	/s/    KEVIN EGAN
	Name: Kevin Egan
	Title:   Authorized Signatory

  

[SIGNATURE PAGE TO AMENDMENT NO. 1 TO
BRIGHT HORIZONS CREDIT AGREEMENT] 

 
			
	 Invesco Prime Income Trust
 By: INVESCO Senior Secured Management, Inc.
         As
Sub-Adviser,
 as a Lender

		
	By:	 	/s/    KEVIN EGAN
	Name: Kevin Egan
	Title:   Authorized Signatory

  

[SIGNATURE PAGE TO AMENDMENT NO. 1 TO
BRIGHT HORIZONS CREDIT AGREEMENT] 

 
			
	 Morgan Stanley Investment Management Croton, Ltd.
 By: INVESCO Senior Secured Management, Inc.
         As
Collateral Manager,
 as a Lender

		
	By:	 	/s/    KEVIN EGAN
	Name: Kevin Egan
	Title:   Authorized Signatory

  

[SIGNATURE PAGE TO AMENDMENT NO. 1 TO
BRIGHT HORIZONS CREDIT AGREEMENT] 

 
			
	 NAUTIQUE FUNDING LTD.
 By: INVESCO Senior Secured Management, Inc.
         As
Collateral Manager,
 as a Lender

		
	By:	 	/s/    KEVIN EGAN
	Name: Kevin Egan
	Title:   Authorized Signatory

  

[SIGNATURE PAGE TO AMENDMENT NO. 1 TO
BRIGHT HORIZONS CREDIT AGREEMENT] 

 
			
	 MSIM Peconic Bay, Ltd.
 By: INVESCO Senior Secured Management, Inc.
         As
Collateral Manager,
 as a Lender

		
	By:	 	/s/    KEVIN EGAN
	Name: Kevin Egan
	Title:   Authorized Signatory

  

[SIGNATURE PAGE TO AMENDMENT NO. 1 TO
BRIGHT HORIZONS CREDIT AGREEMENT] 

 
			
	 Qualcomm Global Trading, Inc.
 By: INVESCO Senior Secured Management, Inc.
         As
Investment Manager,
 as a Lender

		
	By:	 	/s/    KEVIN EGAN
	Name: Kevin Egan
	Title:   Authorized Signatory

  

[SIGNATURE PAGE TO AMENDMENT NO. 1 TO
BRIGHT HORIZONS CREDIT AGREEMENT] 

 
			
	 SAGAMORE CLO LTD.
 By: INVESCO Senior Secured Management, Inc.
         As
Collateral Manager,
 as a Lender

		
	By:	 	/s/    KEVIN EGAN
	Name: Kevin Egan
	Title:   Authorized Signatory

  

[SIGNATURE PAGE TO AMENDMENT NO. 1 TO
BRIGHT HORIZONS CREDIT AGREEMENT] 

 
			
	 SAGAMORE CLO I LTD.
 By: INVESCO Senior Secured Management, Inc.
         As
Asset Manager,
 as a Lender

		
	By:	 	/s/    KEVIN EGAN
	Name: Kevin Egan
	Title:   Authorized Signatory

  

[SIGNATURE PAGE TO AMENDMENT NO. 1 TO
BRIGHT HORIZONS CREDIT AGREEMENT] 

 
			
	 Invesco Van Kampen Senior Income Trust
 By: INVESCO Senior Secured Management, Inc.
         As
Sub-Adviser,
 as a Lender

		
	By:	 	/s/    KEVIN EGAN
	Name: Kevin Egan
	Title:   Authorized Signatory

  

[SIGNATURE PAGE TO AMENDMENT NO. 1 TO
BRIGHT HORIZONS CREDIT AGREEMENT] 

 
			
	 Invesco Van Kampen Senior Loan Fund
 By: INVESCO Senior Secured Management, Inc.
         As
Sub-Adviser,
 as a Lender

		
	By:	 	/s/    KEVIN EGAN
	Name: Kevin Egan
	Title:   Authorized Signatory

  

[SIGNATURE PAGE TO AMENDMENT NO. 1 TO
BRIGHT HORIZONS CREDIT AGREEMENT] 

 
			
	 WASATCH CLO LTD
 By: INVESCO Senior Secured Management, Inc.
         As
Portfolio Manager,
 as a Lender

		
	By:	 	/s/    KEVIN EGAN
	Name: Kevin Egan
	Title:   Authorized Signatory

  

[SIGNATURE PAGE TO AMENDMENT NO. 1 TO
BRIGHT HORIZONS CREDIT AGREEMENT] 

 
			
	 Invesco Zodiac Funds - Invesco US Senior Loan Fund
 By: INVESCO Management S.A.
 As Investment Manager,

as a Lender

		
	By:	 	/s/    KEVIN EGAN
	Name: Kevin Egan
	Title:   Authorized Signatory

  

[SIGNATURE PAGE TO AMENDMENT NO. 1 TO
BRIGHT HORIZONS CREDIT AGREEMENT] 

 
			
	 as a Lenders:
 ING
Prime Rate Trust
 ING Senior Income Fund

ING (L) Flex - Senior Loans
 IBM Personal Pension
Plan Trust
  
 By: ING Investment Management Co.,

        as its investment manager
  

ING Investment Trust Co. Plan for Employee Benefit Investment Funds – Senior Loan Fund

 
 By: ING Investment Trust Co. as its trustee

 
 ING Investment Management CLO II, LTD.

FNG Investment Management CLO III, LTD.
 ING
Investment Management CLO IV, LTD.
 ING Investment Management CLO V, LTD.

 
 By: ING Alternative Asset Management LLC,

        as its investment manager

		
	By:	 	/s/    JASON ALMIRO
	Name: Jason Almiro, CPA, CFA
	Title:   Assistant Vice President

  

[SIGNATURE PAGE TO AMENDMENT NO. 1 TO
BRIGHT HORIZONS CREDIT AGREEMENT] 

 
			
	 ING Capital LLC,

as a Lender

		
	By:	 	/s/    IAN B. WONG
	Name: Ian B. Wong
	Title:   Vice President

  

[SIGNATURE PAGE TO AMENDMENT NO. 1 TO
BRIGHT HORIZONS CREDIT AGREEMENT] 

 
			
	 IDEO
 as a
Lender

		
	By:	 	/s/    RICHARD TAYLOR
	Name: Richard Taylor
	Title:   Authorized Signatory

  

[SIGNATURE PAGE TO AMENDMENT NO. 1 TO
BRIGHT HORIZONS CREDIT AGREEMENT] 

 
			
	 GULF STREAM-COMPASS CLO 2003-1, LTD
 By: Gulf Stream Asset Management LLC
 As Collateral Manager

 
 GULF STREAM-COMPASS CLO 2005-1, LTD

By: Gulf Stream Asset Management LLC
 As
Collateral Manager
  
 NEPTUNE FINANCE CCS, LTD

By: Gulf Stream Asset Management LLC
 As
Collateral Manager
  
 as a Lender

		
	By:	 	/s/    BARRY K. LOVE
	Name: Barry K. Love
	Title:   Chief Credit Officer

  

[SIGNATURE PAGE TO AMENDMENT NO. 1 TO
BRIGHT HORIZONS CREDIT AGREEMENT] 

 
			
	 Grayson & Co,
  

as a Lender
  

By: Boston Management and Research

        as Investment Advisor

		
	By:	 	/s/    MICHAEL BOTTHOF
	Name: Michael Botthof
	Title:   Vice President

  

			
	Second Signatory
		
	By:	 	 
	Name:
	Title:   

  

[SIGNATURE PAGE TO AMENDMENT NO. 1 TO
BRIGHT HORIZONS CREDIT AGREEMENT] 

 
			
	 GENERAL ELECTRIC CAPITAL CORPORATION,
 as a Lender

		
	By:	 	/s/    ALFREDO WANG
	Name: Alfredo Wang
	Title:   Duly Authorized Signatory

  

[SIGNATURE PAGE TO AMENDMENT NO. 1 TO
BRIGHT HORIZONS CREDIT AGREEMENT] 

 
			
	 Blue Shield of California,
 as a Lender

		
	By:	 	/s/    DAVID ARDINI
	Name: David Ardini
	Title:   Vice President

  

[SIGNATURE PAGE TO AMENDMENT NO. 1 TO
BRIGHT HORIZONS CREDIT AGREEMENT] 

 
			
	 Franklin CLO V, Ltd.,
 as a Lender

		
	By:	 	/s/    DAVID ARDINI
	 Name: David Ardini, Franklin Advisers, Inc. as
             Collateral Manager

	Title:   Vice President

  

[SIGNATURE PAGE TO AMENDMENT NO. 1 TO
BRIGHT HORIZONS CREDIT AGREEMENT] 

 
			
	 Blue Shield of California,

	 as a Lender

		
	 By:
	 	/s/    DAVID ARDINI
		 	  

	 Name:

Title:
	 	 David Ardini
 Vice
President

  

CONFIDENTIAL – FOR FRDG USE ONLY 
 SIGNATURE PAGE TO GUARANTOR ACKNOWLEDGEMENT – BRIGHT HORIZONS
AMENDMENT 

 
			
	 Franklin CLO V, Ltd.,

	 as a Lender

		
	 By:
	 	/s/    DAVID ARDINI
		 	  

	 Name:
	 	 David Ardini, Franklin Advisers, as
 Collateral Manager

	 Title:
	 	 Vice President

  

CONFIDENTIAL – FOR FRDG USE ONLY 
 SIGNATURE PAGE TO GUARANTOR ACKNOWLEDGEMENT – BRIGHT HORIZONS
AMENDMENT 

 
			
	Franklin Templeton Series II Funds – Franklin Floating Rate II Fund,
	 as a Lender

		
	 By:
	 	/s/    RICHARD HSU
		 	  

	 Name:

Title:
	 	 Richard Hsu
 Vice
President

  

CONFIDENTIAL – FOR FRDG USE ONLY 
 SIGNATURE PAGE TO GUARANTOR ACKNOWLEDGEMENT – BRIGHT HORIZONS
AMENDMENT 

 
			
	 Franklin Floating Rate Master Series,

	 as a Lender

		
	 By:
	 	/s/    RICHARD HSU
		 	  

	 Name:

Title:
	 	 Richard Hsu
 Vice
President

  

CONFIDENTIAL – FOR FRDG USE ONLY 
 SIGNATURE PAGE TO GUARANTOR ACKNOWLEDGEMENT – BRIGHT HORIZONS
AMENDMENT 

 
			
	 Franklin Templeton Limited Duration Income Trust,

	 as a Lender

		
	 By:
	 	/s/    RICHARD HSU
		 	  

	 Name:

Title:
	 	 Richard Hsu
 Vice
President

  

CONFIDENTIAL – FOR FRDG USE ONLY 
 SIGNATURE PAGE TO GUARANTOR ACKNOWLEDGEMENT – BRIGHT HORIZONS
AMENDMENT 

 
			
	 Franklin Floating Rate Daily Access Fund,

	 as a Lender

		
	 By:
	 	/s/    RICHARD HSU
		 	  

	 Name:

Title:
	 	 Richard Hsu
 Vice
President

  

CONFIDENTIAL – FOR FRDG USE ONLY 
 SIGNATURE PAGE TO GUARANTOR ACKNOWLEDGEMENT – BRIGHT HORIZONS
AMENDMENT 

 
			
	Fidelity Canadian Balanced Fund, For: Fidelity Investments Canada, Limited, as Trustee of Fidelity Canadian Balanced Fund,
	 as a Lender

		
	 By:
	 	/s/    JEFFREY CHRISTIAN
		 	  

	 Name:

Title:
	 	 Jeffrey Christian
 Deputy
Treasurer

  

[SIGNATURE PAGE TO AMENDMENT NO. 1 TO
BRIGHT HORIZONS CREDIT AGREEMENT] 

 
			
	Fidelity American High Yield Fund, For: Fidelity Investments Canada, Limited, as Trustee of Fidelity American High Yield Fund,
	 as a Lender

		
	 By:
	 	/s/    JEFFREY CHRISTIAN
		 	  

	 Name:

Title:
	 	 Jeffrey Christian
 Deputy
Treasurer

  

[SIGNATURE PAGE TO AMENDMENT NO. 1 TO
BRIGHT HORIZONS CREDIT AGREEMENT] 

 
			
	 Emporia Preferred Funding III, LTD

By: Ivy Hill Asset Management, L.P., its Collateral Manager,

	 as a Lender

		
	 By:
	 	/s/    RYAN CASCADE
		 	  

	 Name:

Title:
	 	 Ryan Cascade
 Duly
Authorized Signatory

  

[SIGNATURE PAGE TO AMENDMENT NO. 1 TO
BRIGHT HORIZONS CREDIT AGREEMENT] 

 
			
	 Emporia Preferred Funding I, LTD

By: Ivy Hill Asset Management, L.P.,

its Collateral Manager,

	 as a Lender

		
	 By:
	 	/s/    RYAN CASCADE
		 	  

	 Name:

Title:
	 	 Ryan Cascade
 Duly
Authorized Signatory

  

[SIGNATURE PAGE TO AMENDMENT NO. 1 TO
BRIGHT HORIZONS CREDIT AGREEMENT] 

 
			
	 Eaton Vance VT Floating-Rate Income Fund,

 
 as a Lender

		
	 By:
	 	 Eaton Vance Management as

Investment Advisor

		
	 By:
	 	/s/    MICHAEL BOTTHOF
		 	  

	 Name:

Title:
	 	 Michael Botthof
 Vice
President

  

			
	 Second Signatory

		
	 By:
	 	
		 	  

	 Name:

Title:
	 	
		 	

  

[SIGNATURE PAGE TO AMENDMENT NO. 1 TO
BRIGHT HORIZONS CREDIT AGREEMENT] 

 
			
	 Eaton Vance Short Duration Diversified Income Fund,

 
 as a Lender

		
	 By:
	 	 Eaton Vance Management as

Investment Advisor

		
	 By:
	 	/s/    MICHAEL BOTTHOF
		 	  

	 Name:

Title:
	 	 Michael Botthof
 Vice
President

  

			
	 Second Signatory

		
	 By:
	 	
		 	  

	 Name:

Title:
	 	
		 	

  

[SIGNATURE PAGE TO AMENDMENT NO. 1 TO
BRIGHT HORIZONS CREDIT AGREEMENT] 

 
			
	 Eaton Vance Senior Income Trust,

 
 as a Lender

		
	 By:
	 	 Eaton Vance Management as

Investment Advisor

		
	 By:
	 	/s/    MICHAEL BOTTHOF
		 	  

	 Name:

Title:
	 	 Michael Botthof
 Vice
President

  

			
	 Second Signatory

		
	 By:
	 	
		 	  

	 Name:

Title:
	 	
		 	

  

[SIGNATURE PAGE TO AMENDMENT NO. 1 TO
BRIGHT HORIZONS CREDIT AGREEMENT] 

 
			
	 Eaton Vance Senior Floating-Rate Trust,

 
 as a Lender

		
	 By:
	 	 Eaton Vance Management as

Investment Advisor

		
	 By:
	 	/s/    MICHAEL BOTTHOF
		 	  

	 Name:

Title:
	 	 Michael Botthof
 Vice
President

  

			
	 Second Signatory

		
	 By:
	 	
		 	  

	 Name:

Title:
	 	
		 	

  

[SIGNATURE PAGE TO AMENDMENT NO. 1 TO
BRIGHT HORIZONS CREDIT AGREEMENT] 

 
			
	 Eaton Vance Medallion
 Floating-Rate Income Portfolio,
  
 as a Lender

		
	 By:
	 	 Eaton Vance Management as

Investment Advisor

		
	 By:
	 	/s/    MICHAEL BOTTHOF
		 	  

	 Name:

Title:
	 	 Michael Botthof
 Vice
President

  

			
	 Second Signatory

		
	 By:
	 	
		 	  

	 Name:

Title:
	 	
		 	

  

[SIGNATURE PAGE TO AMENDMENT NO. 1 TO
BRIGHT HORIZONS CREDIT AGREEMENT] 

 
			
	 Eaton Vance Floating-Rate Income Trust,

 
 as a Lender

		
	 By:
	 	 Eaton Vance Management as

Investment Advisor

		
	 By:
	 	/s/    MICHAEL BOTTHOF
		 	  

	 Name:

Title:
	 	 Michael Botthof
 Vice
President

  

			
	 Second Signatory

		
	 By:
	 	
		 	  

	 Name:

Title:
	 	
		 	

  

[SIGNATURE PAGE TO AMENDMENT NO. 1 TO
BRIGHT HORIZONS CREDIT AGREEMENT] 

 
			
	 Eaton Vance CDO VIII, Ltd.

 
 as a Lender

		
	 By:
	 	 Eaton Vance Management as

Investment Advisor

		
	 By:
	 	/s/    MICHAEL BOTTHOF
		 	  

	 Name:

Title:
	 	 Michael Botthof
 Vice
President

  

			
	 Second Signatory

		
	 By:
	 	
		 	  

	 Name:

Title:
	 	
		 	

  

[SIGNATURE PAGE TO AMENDMENT NO. 1 TO
BRIGHT HORIZONS CREDIT AGREEMENT] 

 
			
	 Eaton Vance CDO IX, Ltd.

 
 as a Lender

		
	 By:
	 	 Eaton Vance Management as

Investment Advisor

		
	 By:
	 	/s/    MICHAEL BOTTHOF
		 	  

	 Name:

Title:
	 	 Michael Botthof
 Vice
President

  

			
	 Second Signatory

		
	 By:
	 	
		 	  

	 Name:

Title:
	 	
		 	

  

[SIGNATURE PAGE TO AMENDMENT NO. 1 TO
BRIGHT HORIZONS CREDIT AGREEMENT] 

 
			
	 Eagle Creek CLO, Ltd.,

	 as a Lender

		
	 By:
	 	/s/    BRYAN HIGGINS
		 	  

	 Name:

Title:
	 	 Bryan Higgins
 Authorized
Signor

  

[SIGNATURE PAGE TO AMENDMENT NO. 1 TO
BRIGHT HORIZONS CREDIT AGREEMENT] 

 
			
	 Fall Creek CLO, Ltd.,

	 as a Lender

		
	 By:
	 	/s/    BRYAN HIGGINS
		 	  

	 Name:

Title:
	 	 Bryan Higgins
 Authorized
Signor

  

[SIGNATURE PAGE TO AMENDMENT NO. 1 TO
BRIGHT HORIZONS CREDIT AGREEMENT] 

 
			
	 Doral CLO I, Ltd.,

	 as a Lender

		
	 By:
	 	/s/    SCOTT MCKAY
		 	  

	 Name:

Title:
	 	 Scott McKay
 Vice
President

  

[SIGNATURE PAGE TO AMENDMENT NO. 1 TO
BRIGHT HORIZONS CREDIT AGREEMENT] 

 
			
	 Denali Capital LLC, managing member of

DC Funding Partners LLC, collateral manager for

DENALI CAPITAL CLO VI, LTD.

 

			
		
		 	as a Lender
		
	 By:
	 	/s/    NICOLE D. KOUBA
		 	  

	 Name:

Title:
	 	 Nicole D. Kouba
 Vice
President

  

			
	 Denali Capital LLC, managing member of

DC Funding Partners LLC, collateral manager for

DENALI CAPITAL CLO VII, LTD.

 

			
		
		 	as a Lender
		
	 By:
	 	/s/    NICOLE D. KOUBA
		 	  

	 Name:

Title:
	 	 Nicole D. Kouba
 Vice
President

  

			
	 Denali Capital LLC, managing member of

DC Funding Partners LLC, Collateral Manager for

Spring Road CLO 2007-1, LTD.

 

			
		
		 	as a Lender
		
	By:	 	/s/    Nicole D. Kouba
		 	  

	 Name:

Title:
	 	 Nicole D. Kouba
 Vice
President

  

[SIGNATURE PAGE TO AMENDMENT NO. 1 TO
BRIGHT HORIZONS CREDIT AGREEMENT] 

 
			
	 LMP Corporate Loan Fund, Inc.

By: Citi Alternative Investments LLC,

	 as a Lender

		
	 By:
	 	/s/    MELANIE HANLON
		 	  

	 Name:

Title:
	 	 Melanie Hanlon

Director

  

[SIGNATURE PAGE TO AMENDMENT NO. 1 TO
BRIGHT HORIZONS CREDIT AGREEMENT] 

 
			
	 CIT CLO I LTD,

	 as a Lender

		
	 By:
	 	/s/    ROGER M. BURNS
		 	  

	 Name:

Title:
	 	 ROGER M. BURNS
 CIT ASSET
MANAGEMENT LLC EXECUTIVE VP

  

[SIGNATURE PAGE TO AMENDMENT NO. 1 TO
BRIGHT HORIZONS CREDIT AGREEMENT] 

 
			
	 CIT Bank,

	 as a Lender

		
	 By:
	 	/s/    DANIEL A. BURNETT
		 	  

	 Name:

Title:
	 	 Daniel A. Burnett
 Vice
President

  

[SIGNATURE PAGE TO AMENDMENT NO. 1 TO
BRIGHT HORIZONS CREDIT AGREEMENT] 

 
			
	 CCA EAGLE LOAN MASTER FUND LTD.

By: Citigroup Alternative Investments LLC, as Investment manager for and on behalf of CCA EAGLE LOAN MASTER FUND LTD.,

	 as a Lender

		
	 By:
	 	/s/    MELANIE HANLON
		 	  

	 Name:

Title:
	 	 Melanie Hanlon

Director

  

[SIGNATURE PAGE TO AMENDMENT NO. 1 TO
BRIGHT HORIZONS CREDIT AGREEMENT] 

 
			
	 CARLYLE HIGH YIELD PARTNERS VI, LTD.,

	 as a Lender

		
	 By:
	 	/s/    LINDA PACE
		 	  

	 Name:

Title:
	 	 LINDA PACE
 MANAGING
DIRECTOR

  

[SIGNATURE PAGE TO AMENDMENT NO. 1 TO
BRIGHT HORIZONS CREDIT AGREEMENT] 

 
			
	 CARLYLE HIGH YIELD PARTNERS VII, LTD.,

	 as a Lender

		
	 By:
	 	/s/    LINDA PACE
		 	  

	 Name:

Title:
	 	 LINDA PACE
 MANAGING
DIRECTOR

  

[SIGNATURE PAGE TO AMENDMENT NO. 1 TO
BRIGHT HORIZONS CREDIT AGREEMENT] 

 
			
	 CARLYLE HIGH YIELD PARTNERS VIII, LTD.,

	 as a Lender

		
	 By:
	 	/s/    LINDA PACE
		 	  

	 Name:

Title:
	 	 LINDA PACE
 MANAGING
DIRECTOR

  

[SIGNATURE PAGE TO AMENDMENT NO. 1 TO
BRIGHT HORIZONS CREDIT AGREEMENT] 

 
			
	 CARLYLE HIGH YIELD PARTNERS X, LTD.,

	 as a Lender

		
	 By:
	 	/s/    LINDA PACE
		 	  

	 Name:

Title:
	 	 LINDA PACE
 MANAGING
DIRECTOR

  

[SIGNATURE PAGE TO AMENDMENT NO. 1 TO
BRIGHT HORIZONS CREDIT AGREEMENT] 

 
			
	 CARLYLE ARNAGE CLO, LTD.,

	 as a Lender

		
	 By:
	 	/s/    LINDA PACE
		 	  

	 Name:

Title:
	 	 LINDA PACE
 MANAGING
DIRECTOR

  

[SIGNATURE PAGE TO AMENDMENT NO. 1 TO
BRIGHT HORIZONS CREDIT AGREEMENT] 

 
			
	 CARLYLE AZURE CLO, LTD.,

	 as a Lender

		
	 By:
	 	/s/    LINDA PACE
		 	  

	 Name:

Title:
	 	 LINDA PACE
 MANAGING
DIRECTOR

  

[SIGNATURE PAGE TO AMENDMENT NO. 1 TO
BRIGHT HORIZONS CREDIT AGREEMENT] 

 
			
	 CARLYLE BRISTOL CLO, LTD.,

	 as a Lender

		
	 By:
	 	/s/    LINDA PACE
		 	  

	 Name:

Title:
	 	 LINDA PACE
 MANAGING
DIRECTOR

  

[SIGNATURE PAGE TO AMENDMENT NO. 1 TO
BRIGHT HORIZONS CREDIT AGREEMENT] 

 
			
	 CARLYLE DAYTONA CLO, LTD.,

	 as a Lender

		
	 By:
	 	/s/    LINDA PACE
		 	  

	 Name:

Title:
	 	 LINDA PACE
 MANAGING
DIRECTOR

  

[SIGNATURE PAGE TO AMENDMENT NO. 1 TO
BRIGHT HORIZONS CREDIT AGREEMENT] 

 
			
	 CARLYLE MCLAREN CLO, LTD.,

	 as a Lender

		
	 By:
	 	/s/    LINDA PACE
		 	  

	 Name:

Title:
	 	 LINDA PACE
 MANAGING
DIRECTOR

  

[SIGNATURE PAGE TO AMENDMENT NO. 1 TO
BRIGHT HORIZONS CREDIT AGREEMENT] 

 
			
	 CARLYLE VEYRON CLO, LTD.,

	 as a Lender

		
	 By:
	 	/s/    LINDA PACE
		 	  

	 Name:

Title:
	 	 LINDA PACE
 MANAGING
DIRECTOR

  

[SIGNATURE PAGE TO AMENDMENT NO. 1 TO
BRIGHT HORIZONS CREDIT AGREEMENT] 

 
			
	CARLYLE CREDIT PARTNERS FINANCING I, LTD.,
	 as a Lender

		
	 By:
	 	/s/    LINDA PACE
		 	  

	 Name:

Title:
	 	 LINDA PACE
 MANAGING
DIRECTOR

  

[SIGNATURE PAGE TO AMENDMENT NO. 1 TO
BRIGHT HORIZONS CREDIT AGREEMENT] 

 
			
	 CapitalSource Bank,

	 as a Lender

		
	 By:
	 	/s/    JASON SCHWARTZ
		 	  

	 Name:

Title:
	 	 Jason Schwartz
 Senior Vice
President

  

[SIGNATURE PAGE TO AMENDMENT NO. 1 TO
BRIGHT HORIZONS CREDIT AGREEMENT] 

 
			
	 BABSON CLO LTD. 2004-I
 BABSON CLO LTD. 2004-II
 BABSON CLO LTD. 2005-I

BABSON CLO LTD. 2005-II
 BABSON CLO LTD.
2005-III
 BABSON CLO LTD. 2006-I

BABSON CLO LTD. 2006-II
 BABSON CLO LTD.
2007-I
 BABSON MID-MARKET CLO LTD. 2007-II
 BABSON CLO LTD. 2008-I
 ARTUS LOAN FUND 2007-I, LTD.

SAPPHIRE VALLEY CDO I, LTD.,

	
	 each as a Lender

		
	 By:
	 	Babson Capital Management LLC as Collateral Manager
		
	 By:
	 	/s/    MARK D. SENKPIEL
		 	  

	 Name:

Title:
	 	 Mark Senkpiel

MD

  

			
	 AMBITION TRUST 2009
 MAPLETREE PORTFOLIO, each as a Lender
 By Babson Capital Management LLC as
Investment
Manager

		
	 By:
	 	/s/    MARK D. SENKPIEL
		 	  

	 Name:

Title:
	 	 Mark Senkpiel

MD

  

[SIGNATURE PAGE TO AMENDMENT NO. 1 TO
BRIGHT HORIZONS CREDIT AGREEMENT] 

 
					
	AUDAX CREDIT OPPORTUNITIES OFFSHORE LTD.,
		
		 	as a Lender
			
		 	By:	 	/s/    MICHAEL P. MCGONIGLE
		 		 	  

		 	 Name:

Title:
	 	 Michael P. McGonigle

Authorized Signatory

  

[SIGNATURE PAGE TO AMENDMENT NO. 1 TO
BRIGHT HORIZONS CREDIT AGREEMENT] 

 
			
	 APOSTLE LOOMIS SAYLES

SENIOR LOAN FUND,

As Lender

		
	 By:
	 	Loomis, Sayles & Company, L.P., Its Investment Manager
		
	 By:
	 	Loomis, Sayles & Company, Incorporated, Its General Partner
	
	 as a Lender

		
	 By:
	 	/s/    MARY MCCARTHY
		 	  

	 Name:

Title:
	 	 Mary McCarthy
 Vice
President

  

[SIGNATURE PAGE TO AMENDMENT NO. 1 TO
BRIGHT HORIZONS CREDIT AGREEMENT] 

 
			
	 APOSTLE LOOMIS SAYLES
 CREDIT OPPORTUNITIES FUND,
 As Lender

		
	 By:
	 	Loomis, Sayles & Company, L.P., Its Investment Manager
		
	 By:
	 	 Loomis, Sayles & Company, Incorporated,
 Its General Partner

	
	 as a Lender

		
	 By:
	 	/s/    MARY MCCARTHY
		 	  

	 Name:

Title:
	 	 Mary McCarthy
 Vice
President

  

[SIGNATURE PAGE TO AMENDMENT NO. 1 TO
BRIGHT HORIZONS CREDIT AGREEMENT] 

 
			
	 ALLSTATE LIFE INSURANCE COMPANY,

	 as a Lender

		
	 By:
	 	/s/    CHRIS GOERGEN
		 	  

	 Name:

Title:
	 	 CHRIS GOERGEN
 Authorized
Signatory

  

			
	 By:
	 	/s/    MARK CLOGHESSY
		 	  

	 Name:

Title:
	 	 MARK CLOGHESSY
 Authorized
Signatory

  

[SIGNATURE PAGE TO AMENDMENT NO. 1 TO
BRIGHT HORIZONS CREDIT AGREEMENT] 

 
			
	AIMCO CLO, SERIES 2005-A
	 as a Lender

		
	 By:
	 	/s/    CHRIS GOERGEN
		 	  

	 Name:

Title:
	 	 CHRIS GOERGEN
 Authorized
Signatory

  

			
	 By:
	 	/s/    MARK CLOGHESSY
		 	  

	 Name:

Title:
	 	 MARK CLOGHESSY
 Authorized
Signatory

  

[SIGNATURE PAGE TO AMENDMENT NO. 1 TO
BRIGHT HORIZONS CREDIT AGREEMENT] 

 
			
	 AIMCO CLO, SERIES 2006-A

	 as a Lender

		
	 By:
	 	/s/    CHRIS GOERGEN
		 	  

	 Name:

Title:
	 	 CHRIS GOERGEN
 Authorized
Signatory

  

			
	 By:
	 	/s/    MARK CLOGHESSY
		 	  

	 Name:

Title:
	 	 MARK CLOGHESSY
 Authorized
Signatory

  

[SIGNATURE PAGE TO AMENDMENT NO. 1 TO
BRIGHT HORIZONS CREDIT AGREEMENT] 

 
			
	 Each of the persons listed on Annex A,

Severally but not jointly, as a Consenting Lender

		
	 By:
	 	Wellington Management Company, LLP, as Investment Adviser
		
	 By:
	 	/s/    STEVEN M. HOFFMAN
		 	  

		 	 Steven M. Hoffman

Vice President and Counsel

  

[SIGNATURE PAGE TO AMENDMENT NO. 1 TO
BRIGHT HORIZONS CREDIT AGREEMENT] 

 ANNEX A 
 UMC Benefit Board, Inc. 
 Wellington Trust Company, National Association Multiple
Common Trust Funds Trust- 
 Opportunistic Fixed Income Allocation Portfolio 

  

[SIGNATURE PAGE TO AMENDMENT NO. 1 TO
BRIGHT HORIZONS CREDIT AGREEMENT] 

 Exhibit A 

GUARANTOR ACKNOWLEDGMENT 
 TO 
 AMENDMENT NO. 1 

TO 
 CREDIT AND
GUARANTY AGREEMENT 
 Each of the undersigned hereby consents to Amendment No. 1 to the Credit and Guaranty Agreement,
dated as of the date hereof (the “Amendment”), which amends the Credit and Guaranty Agreement, dated as of May 28, 2008, among Bright Horizons Family Solutions LLC, a Delaware limited liability company, as successor to Bright
Horizons Family Solutions, Inc., as Borrower, Bright Horizons Capital Corp., a Delaware corporation, as Holdings, the Lenders party thereto, Goldman Sachs Credit Partners L.P., as Syndication Agent, and General Electric Capital Corporation, as
Administrative Agent and Collateral Agent (as amended, supplemented or otherwise modified up to the date hereof, the “Credit Agreement”; capitalized terms not otherwise defined herein shall have the meaning ascribed to them in the
Credit Agreement) and agrees that the terms hereof shall not affect in any way its guarantees, obligations, liabilities and liens granted or incurred by it under the Credit Documents (as amended and otherwise expressly modified by the Amendment),
all of which guarantees, obligations, liabilities and liens shall remain in full force and effect and each of which is hereby reaffirmed (as amended and otherwise expressly modified by the Amendment). 

This acknowledgment may be executed in any number of counterparts, each of which when so executed and delivered shall be deemed an
original, but all such counterparts together shall constitute but one and the same instrument. Signature pages may be detached from multiple separate counterparts and attached to a single counterpart so that all signature pages are attached to the
same document. Delivery of an executed counterpart by telecopy or electronic transmission shall be effective as delivery of a manually executed counterpart of this consent. Notices to parties hereto shall be given as provided in the Credit
Agreement. 
 The terms of the Amendment shall be binding upon, and shall inure to the benefit of, the parties hereto and their
respective successors and assigns. 
 This consent shall be governed by and construed in accordance with the law of the State of
New York. 
 Dated as of July 14, 2011. 
 [SIGNATURE PAGES FOLLOW] 

  

  

	
	Consented to and agreed as of the date of the Amendment:
	
	 BRIGHT HORIZONS LLC
 BRIGHT
HORIZONS CHILDREN’S CENTERS LLC
 CHILDRENFIRST LLC
 CORPORATEFAMILY SOLUTIONS LLC
 CREATIVE MOVEMENT CENTER, INC.

GREENTREE CHILD CARE SERVICES, INC.
 LIPTON
CORPORATE CHILD CARE CENTERS, INC.
 LIPTON CORPORATE CHILD CARE CENTERS
 (JC), INC.
 LIPTON CORPORATE CHILD CARE CENTERS (METROPOLITAN SQUARE), INC.

LIPTON CORPORATE CHILD CARE CENTERS (MORRIS COUNTY), INC.
 LIPTON CORPORATE CHILD CARE CENTERS (OAKWOOD AT THE WINDSOR), INC.
 LIPTON CORPORATE CHILD CARE
CENTERS (PARK AVENUE), INC.
 LIPTON CORPORATE CHILD CARE CENTERS (RESTON), INC.
 LIPTON CORPORATE CHILD CARE CENTERS (TYSONS CORNER), INC.
 LIPTON CORPORATE CHILD CARE
CENTERS
 (WP), INC.
 LIPTON CORPORATE
CHILDCARE, INC.
 (NEW YORK)
 RESOURCES
IN ACTIVE LEARNING
 WORK OPTIONS GROUP, INC.

  

			
		
	By:	 	/s/    DAVID LISSY
	Name:	 	David Lissy
	Title:	 	Chief Executive Officer

  

			
	KIDSTOP AT BOYNTON BEACH, INC.
		
	By:	 	/S/    MARK MENDEL        
	Name:	 	Mark Mendel
	Title:	 	Vice President

  

SIGNATURE PAGE TO GUARANTOR ACKNOWLEDGEMENT –
BRIGHT HORIZONS AMENDMENT 

  

	
	Consented to and agreed as of the date of the Amendment:
	
	 BRIGHT HORIZONS LLC
 BRIGHT
HORIZONS CHILDREN’S CENTERS LLC
 CHILDRENFIRST LLC
 CORPORATEFAMILY SOLUTIONS LLC
 CREATIVE MOVEMENT CENTER, INC.

GREENTREE CHILD CARE SERVICES, INC.
 LIPTON
CORPORATE CHILD CARE CENTERS, INC.
 LIPTON CORPORATE CHILD CARE CENTERS
 (JC), INC.
 LIPTON CORPORATE CHILD CARE CENTERS (METROPOLITAN SQUARE) INC.

LIPTON CORPORATE CHILD CARE CENTERS (MORRIS COUNTY), INC.
 LIPTON CORPORATE CHILD CARE CENTERS (OAKWOOD AT THE WINDSOR), INC.
 LIPTON CORPORATE CHILD CARE
CENTERS (PARK AVENUE), INC.
 LIPTON CORPORATE CHILD CARE CENTERS (RESTON), INC.
 LIPTON CORPORATE CHILD CARE CENTERS (TYSONS CORNER), INC.
 LIPTON CORPORATE CHILD CARE
CENTERS
 (WP) INC.
 LIPTON CORPORATE
CHJLDCARE, INC.
 (NEW YORK)
 RESOURCES
IN ACTIVE LEARNING
 WORK OPTIONS GROUP, INC.

  

			
		
	By:	 	/s/    DAVID LISSY
	Name:	 	David Lissy
	Title:	 	Chief Executive Officer

  

			
	KIDSTOP AT BOYNTON BEACH, INC.
		
	By:	 	/S/    MARK MENDEL        
	Name:	 	Mark Mendel
	Title:	 	Vice President

  

  

SIGNATURE PAGE TO GUARANTOR ACKNOWLEDGEMENT –
BRIGHT HORIZONS AMENDMENTAmendment No. 2 to Credit and Guaranty Agreement

 Exhibit 10.20 

Execution Version 
 AMENDMENT NO. 2 
 TO 

CREDIT AND GUARANTY AGREEMENT 
 This AMENDMENT NO. 2 TO CREDIT AND GUARANTY AGREEMENT, dated as of May 23, 2012 (this “Amendment”) is entered into among BRIGHT HORIZONS FAMILY SOLUTIONS LLC, a Delaware limited
liability company, as successor in interest to Bright Horizons Family Solutions, Inc. (the “Borrower”), BRIGHT HORIZONS CAPITAL CORP. (formerly known as Swingset Holdings Corp.), a Delaware corporation (“Holdings”),
and the Lenders party hereto (the “Lenders”), and amends the Credit and Guaranty Agreement, dated as of May 28, 2008, as amended by Amendment No. 1 to Credit and Guaranty Agreement, dated as of July 14, 2011 (as
amended hereby and as the same may be further amended, amended and restated, supplemented or otherwise modified from time to time, the “Credit Agreement”), by and among the Borrower, Holdings and certain Subsidiaries of the
Borrower, as Guarantors, the Lenders, Goldman Sachs Credit Partners L.P., as Syndication Agent, and General Electric Capital Corporation, as Administrative Agent and Collateral Agent. Capitalized terms not otherwise defined in this Amendment have
the meanings ascribed to such terms in the Credit Agreement. 
 W I T N E S S E T H: 

WHEREAS, the Borrower, Holdings, the Guarantors, the Lenders, the Syndication Agent, the Administrative Agent and the Collateral Agent
are party to the Credit Agreement; 
 WHEREAS, in connection with a Specified Acquisition, the Borrower desires to amend certain
provisions of the Credit Agreement as set forth in Section 1; 
 WHEREAS, in accordance with Section 10.5 of the
Credit Agreement the Requisite Lenders and the Borrower consent to amend the Credit Agreement in accordance with the terms and conditions set forth below. 
 NOW, THEREFORE, in consideration of the premises and the covenants and obligations contained herein, the parties hereto agree as follows: 

SECTION 1. Amendments to the Credit Agreement 

The Credit Agreement is, effective as of the Amendment No. 2 Effective Date (as defined in section 2 below), hereby amended as
follows: 
 (a) Amendments to Section 1 (Definitions and Interpretation). Section 1.1 (Definitions) of
the Credit Agreement is hereby amended as follows: 

 AMENDMENT NO. 2 TO CREDIT
AND GUARANTY AGREEMENT 
 BRIGHT HORIZONS
FAMILY SOLUTIONS LLC 
  
 (i) The following definitions are each hereby inserted in Section 1.1 (Definitions) of the Credit Agreement in the appropriate place to preserve the alphabetical order of the definitions contained
therein: 
 “All-In Yield” means, as to any Indebtedness, the yield thereof as calculated by the
Administrative Agent (which calculation shall be final, conclusive and binding on all parties), whether in the form of interest rate, margin, original issue discount, upfront fees, an Adjusted Eurodollar Rate or Base Rate floor, or otherwise, in
each case incurred or payable by the Borrower generally to all Lenders; provided that original issue discount and upfront fees shall be equated to interest rate assuming a 4-year life to maturity (or, if less, the stated life to maturity at
the time of the incurrence of the applicable Indebtedness); and provided, further, that “All-In Yield” shall not include arrangement fees, structuring fees and underwriting fees (regardless of whether paid in whole or in part
to any or all Lenders) or other similar fees which are not paid to all Lenders of such Indebtedness; provided, further, however, that the “All-In Yield” with respect to the Tranche B Term Loans, calculated on the
Amendment No. 2 Effective Date, is 8.00% per annum. 
 “Amendment No. 2”
means Amendment No. 2, dated as of May 23, 2012, to this Agreement. 
 “Amendment No. 2
Effective Date” has the meaning specified in Amendment No. 2. 
 “FATCA” means
Sections 1471 through 1474 of the Internal Revenue Code (effective as of the date hereof or any amended or successor version that is substantially similar) and any regulations or other official guidance promulgated thereunder, or any agreements
entered into with the Internal Revenue Service with respect thereto. 
 “Participant Register”
as defined in Section 10.6(g)(i). 
 “Specified Acquisition Sale-Leaseback” means a
sale-leaseback of property acquired by the Borrower or any of its Subsidiaries in the acquisition referred to in clause (ii) of the definition of Specified Acquisition. 
 (ii) The definition of “New Revolving Commitments” in Section 1.1 (Definitions) of the Credit Agreement is hereby amended by adding the word “Loan” after the word
“Revolving”. 
 (iii) The definition of “New Revolving Lender” in Section 1.1 (Definitions) of
the Credit Agreement is hereby amended by adding the word “Loan” after the word “Revolving”. 

  
 2 

 AMENDMENT NO. 2 TO CREDIT
AND GUARANTY AGREEMENT 
 BRIGHT HORIZONS
FAMILY SOLUTIONS LLC 
  
 (iv) The definition of “Permitted Acquisition” in Section 1.1 (Definitions) of the Credit Agreement is hereby amended by deleting in clause (viii) the words “which are not
required to be applied as a mandatory prepayment of the Loans pursuant to Section 2.14(c)” and replacing in clause (v) the words “with respect to the acquisition referred to in clause (i) of the definition of Specified
Acquisition” with “with respect to the acquisitions referred to in clauses (i) and (ii) of the definition of Specified Acquisition”. 
 (v) The definition of “Permitted Equity Proceeds” in Section 1.1 (Definitions) of the Credit Agreement is hereby amended by deleting the words “and to the extent not required to
be applied as a mandatory prepayment of the Loans pursuant to Section 2.14(c)”. 
 (vi) The definition of
“Permitted Refinancing” in Section 1.1 (Definitions) of the Credit Agreement is hereby amended by deleting clause (d)(i) in its entirety, replacing the “(ii)” in clause (d) with “(i)”, replacing the
“(iii)” in clause (d) with “(ii)”, replacing the “(iv)” in clause (d) with “(iii)”, and in clause (d) replacing the words “the terms and conditions (including, if applicable, as to
collateral but excluding as to subordination, interest rate and redemption premium) of any such modified, refinanced, refunded, renewed or extended Indebtedness, taken as a whole, are not materially less favorable to the Lenders than the terms and
conditions of the Indebtedness being modified, refinanced, refunded, renewed or extended” with “to the extent such Indebtedness being modified, refinanced, refunded, renewed or extended is the Holdings Notes, the terms and conditions
(including, if applicable, as to collateral but excluding as to subordination, interest rate and redemption premium) of any such modified, refinanced, refunded, renewed or extended Indebtedness, taken as a whole, are not materially less favorable to
the Lenders than the terms and conditions of the Holdings Notes”. 
 (vii) The definition of “Specified
Acquisition” in Section 1.1 (Definitions) of the Credit Agreement is hereby deleted in its entirety and is replaced as follows: 
 “Specified Acquisition” means each acquisition by the Borrower or one of its Subsidiaries of (i) (A) initially, not less than 63% of the voting Equity Interests of the Specified
Acquisition Target referred to in clause (i) of the definition of Specified Acquisition Target and (B) at any time following the acquisition referred to in clause (A), all or any portion of the remaining Equity Interests of the Specified
Acquisition Target referred to in clause (i) of the definition of Specified Acquisition Target and (ii) 100% percent of the voting Equity Interests of the Specified Acquisition Target referred to in clause (ii) of the definition of
Specified Acquisition Target. 
 (viii) The definition of “Specified Acquisition Guaranties” in Section 1.1
(Definitions) of the Credit Agreement is hereby deleted in its entirety and is replaced as follows: 

  
 3 

 AMENDMENT NO. 2 TO CREDIT
AND GUARANTY AGREEMENT 
 BRIGHT HORIZONS
FAMILY SOLUTIONS LLC 
  
 “Specified Acquisition Guaranties” means guaranties by Holdings or any of its Subsidiaries of obligations to acquire Equity Interests of the Specified Acquisition Target as described in
clause (i)(B) of the definition of Specified Acquisition. 
 (ix) The definition of “Specified Acquisition
Target” in Section 1.1 (Definitions) of the Credit Agreement is hereby deleted in its entirety and is replaced as follows: 
 “Specified Acquisition Target” means (i) a certain company organized under the laws of a member state of the European Economic Area separately identified by the Borrower to the
Syndication Agent prior to the Amendment No. 1 Effective Date and (ii) a certain company organized under the laws of a member state of the European Economic Area separately identified by the Borrower to the Syndication Agent prior to the
Amendment No. 2 Effective Date. 
 (b) Amendments to Section 2 (Loans and Letters of Credit). Section 2
(Loans and Letters of Credit) of the Credit Agreement is hereby amended as follows: 
 (i) Section 2.12(a) of the Credit
Agreement is hereby amended by adding after the word “provided,” the following words: “(except as otherwise set forth in the applicable Joinder Agreement for such New Term Loans)” 

(ii) Section 2.13(a) of the Credit Agreement is hereby amended by replacing in the last sentence of Section 2.13(a) the words
“refinancing of the Term Loans” with “refinancing of any Class of Term Loans” 
 (iii) Section 2.14(a)
of the Credit Agreement is hereby amended by 
 (1) replacing the words “Section 6.10(ii)), Borrower shall prepay the Loans
as set forth in Section 2.15(b) in an aggregate amount equal to such Net Asset Sale Proceeds” with: 

Section 6.10(ii) (unless such Asset Sale is pursuant to a Specified Acquisition Sale-Leaseback)), Borrower shall prepay the Loans as
set forth in Section 2.15(b) in an aggregate amount equal to (i) 100% of such Net Asset Sale Proceeds; 
 (2) at the
end of Section 2.14(a) adding the words “, or (ii) in the case of an Asset Sale pursuant to a Specified Acquisition Sale-Leaseback permitted under Section 6.10(ii), 50% of such Net Asset Sale Proceeds” 

(iv) Section 2.14(c) of the Credit Agreement is hereby deleted in its entirety and is replaced as follows: 

(c) [Reserved]; 

  
 4 

 AMENDMENT NO. 2 TO CREDIT
AND GUARANTY AGREEMENT 
 BRIGHT HORIZONS
FAMILY SOLUTIONS LLC 
  
 (v) Section 2.15(a) of the Credit Agreement is hereby amended by replacing in its entirety the paragraph beginning “third” as follows: 

third, to prepay each Class of the Term Loans on a pro rata basis (in accordance with the respective outstanding principal amounts
thereof; provided, that, at the election of the Borrower, such prepayments may be applied first to prepay a Class of Term Loans which has an earlier Term Loan Maturity Date than another Class of Term Loans, and thereafter to
prepay such other Class of Term Loans; provided, further, that to the extent that the proceeds of New Term Loans are prepaid, solely as a result of failure to consummate the acquisition referred to in clause (ii) of the definition
of Specified Acquisition on or before June 2, 2012, then such prepayment shall be applied to prepay such New Term Loans only); and further applied to reduce the scheduled remaining Installments of principal of the applicable Term Loans as
directed by the Borrower. 
 (vi) Section 2.15(b) of the Credit Agreement is hereby amended by replacing in its entirety the
paragraph beginning “first” as follows: 
 first, to prepay each Class of Term Loans on a pro rata basis
(in accordance with the respective outstanding principal amounts thereof; provided, that, at the election of the Borrower, such prepayments may be applied first to prepay a Class of Term Loans which has an earlier Term Loan Maturity
Date than another Class of Term Loans, and thereafter to prepay such other Class of Term Loans; provided, further, that to the extent that the proceeds of New Term Loans are prepaid, solely as a result of failure to consummate
the acquisition referred to in clause (ii) of the definition of Specified Acquisition on or before June 2, 2012, then such prepayment shall be applied to prepay such New Term Loans only) and further applied to the remaining scheduled
Installments of principal of the applicable Term Loans in direct order of maturity; 
 (vii) Section 2.20 of the Credit
Agreement is hereby amended by adding a new subsection (d) as follows: 
 (d) Notwithstanding anything to the contrary
herein or in any other Credit Document, no Credit Party, nor any party on any Credit Party’s behalf, shall be required to pay any additional amount pursuant to Section 2.20 herein or under any other Credit Document with respect to any
United States federal withholding tax imposed under FATCA, and any such Taxes shall be “Excluded Taxes” for purposes of this Agreement and any other Credit Document. 
 If a payment made by or on behalf of any Credit Party hereunder or under any other Credit Document would be subject to U.S. federal withholding Tax imposed by FATCA if a Lender, Issuing Lender, Agent, or
Transferee were to fail to comply with the applicable reporting requirements of FATCA (including those contained in Section 1471(b) or 1472(b) of the Internal Revenue Code, as applicable), all such applicable Lenders, Issuing Lenders, Agents,
and Transferees shall deliver to the Borrower and the Administrative Agent at the time or times prescribed by law, or other applicable authority or agreement, and at such time or times reasonably requested by the

  
 5 

 AMENDMENT NO. 2 TO CREDIT
AND GUARANTY AGREEMENT 
 BRIGHT HORIZONS
FAMILY SOLUTIONS LLC 
  

Borrower or the Administrative Agent, such documentation prescribed by applicable law (including as prescribed by Section 1471(b)(3)(C)(i) of the Internal Revenue Code), or as prescribed by
other applicable authority or agreement, and such additional documentation reasonably requested by the Borrower or the Administrative Agent as may be necessary for any Credit Party and the Administrative Agent to comply with their obligations under
FATCA and to determine that such Lender, Issuing Lender, Agent, or Transferee has complied with such party’s obligations under FATCA or to determine the amount to deduct and withhold from any payment, if any. 

(viii) Section 2.24 of the Credit Agreement is hereby amended by: 

(1) in the first sentence of subsection (a), replacing “$50,000,000” with “$85,000,000” and replacing
“$10,000,000” with “$5,000,000” 
 (2) in subsection (a) adding after the words
“not less than three (3) Business Days” the following words: “(or such shorter period as the Administrative Agent and Syndication Agent may agree)” 

(3) in subsection (e), deleting clause (iii) in its entirety and replacing it with the following words: 

(iii) the All-In Yield applicable to the New Term Loans of each Series shall be determined by Borrower and the applicable
new Lenders and shall be set forth in each applicable Joinder Agreement; provided, however, that the All-In Yield applicable to the New Term Loans shall not be greater than the applicable All-In Yield as calculated pursuant to the
terms of this Agreement as amended through and including the date of such calculation with respect to Tranche B Term Loans plus 0.25% per annum (unless the All-In Yield with respect to the Tranche B Term Loans is concurrently increased so as to
cause the then applicable All-In Yield under this Agreement on the Tranche B Term Loans to equal the All-In Yield then applicable to the New Term Loans minus 0.25%); provided, that any increase in the applicable All-In Yield to any existing
Tranche B Term Loan due to the application of an Adjusted Eurodollar Rate or Base Rate floor on any New Term Loan shall be effected solely through an increase in (or implementation of, as applicable) an Adjusted Eurodollar Rate or Base Rate floor
applicable to such existing Tranche B Term Loan) 
 (c) Amendments to Section 3 (Conditions Precedent).
Section 3.2(a)(i) (Conditions Precedent) of the Credit Agreement is hereby amended by adding after the words “Funding Notice” the following: “, Joinder Agreement (if applicable)” 

(d) Amendments to Section 6 (Negative Covenants). Section 6 (Negative Covenants) of the Credit Agreement is hereby
amended as follows: 

  
 6 

 AMENDMENT NO. 2 TO CREDIT
AND GUARANTY AGREEMENT 
 BRIGHT HORIZONS
FAMILY SOLUTIONS LLC 
  
 (i) Section 6.1(j) of the Credit Agreement is hereby amended by replacing the word “or” at the end of clause (i) with “,” and after “$15,000,000” adding the words
“or (iii) incurred pursuant to a Specified Acquisition Sale-Leaseback,” 
 (ii) Section 6.10 of the Credit
Agreement is hereby amended by adding after the words “(ii) acquired by the Borrower or any Subsidiary after the Closing Date, and” the following: “except in the case of a Specified Acquisition Sale-Leaseback,” 

(e) Amendments to Section 8 (Events of Default). Section 8.1(m) (Subordinated Indebtedness) of the Credit Agreement is
hereby amended by deleting the words “any Permitted Refinancing thereof” 
 (f) Amendments to Section 10
(Miscellaneous). Section 10.6 (Successors and Assigns; Participations) of the Credit Agreement is hereby amended as follows: 
 (i) Section 10.5(d) of the Credit Agreement is hereby amended by replacing in the first sentence of Section 10.5(d) the words “to permit the refinancing of all outstanding Term Loans”
with the words “to permit the refinancing of all outstanding Term Loans of a Class” and in the proviso replacing the words “(except to the extent of nominal amortization for periods where amortization has been eliminated as a result
of prepayment of the Term Loans)” with the words “(except to the extent of nominal amortization for periods where amortization has been eliminated as a result of prepayment of the applicable Class of Term Loans)” 

(ii) Section 10.6(g)(i) of the Credit Agreement is hereby amended by adding at the end of Section 10.6(g)(i) as follows:

 Each Lender that sells a participation pursuant to this Section 10.6(g) shall, acting solely for U.S.
federal income tax purposes as an agent of Borrower, maintain a register on which it records the name and address of each participant and the principal amounts of each participant’s participation interest with respect to the Term Loans (each, a
“Participant Register”); provided that no Lender shall have any obligation to disclose all or any portion of the Participant Register to any Person (including the identity of any participant or any information relating to a
participant’s interest in any Commitments, Loans or its other obligations under this Agreement) except to the extent that such disclosure is necessary to establish that such Commitment, Loan or other obligation is in registered form under
Section 5f.103-1(c) of the United States Treasury Regulations or is otherwise required thereunder. Unless otherwise required by the Internal Revenue Service, any disclosure required by the foregoing sentence shall be made by the relevant Lender
directly and solely to the Internal Revenue Service. The entries in the Participant Register shall be conclusive absent manifest error, and such Lender shall treat each Person whose name is recorded in the Participant Register as the owner of a
participation with respect to the Term Loans for all purposes under this Agreement, notwithstanding any notice to the contrary. 

  
 7 

 AMENDMENT NO. 2 TO CREDIT
AND GUARANTY AGREEMENT 
 BRIGHT HORIZONS
FAMILY SOLUTIONS LLC 
  

(g) Amendments to Exhibit M (Joinder Agreement). Exhibit M (Joinder Agreement) to the Credit Agreement is hereby deleted in its entirety and is
replaced in the form attached hereto as Annex I. 
 SECTION 2. Conditions Precedent to the Effectiveness of
this Amendment 
 This Amendment shall become effective when each of the following conditions precedent shall have
been satisfied (the “Amendment No. 2 Effective Date”): 
 (a) The Syndication Agent and Administrative
Agent shall have received each of the following, each dated the Amendment No. 2 Effective Date: 
 (i) this Amendment, duly
executed by the Borrower, Holdings and the Requisite Lenders; and 
 (ii) the Guarantor Acknowledgment to Amendment No. 2
to Credit and Guaranty Agreement, duly executed by each Guarantor in the form attached hereto as Exhibit A. 
 (b) The Borrower
shall have paid (i) fees payable to the Syndication Agent as separately agreed between the Borrower and the Syndication Agent, and (ii) all amounts referred to in Sections 4 (Amendment Fee) and 5 (Costs and Expenses) of this Amendment.

 (c) The representations and warranties contained in Section 3 hereof shall be true and correct. 

SECTION 3. Representations and Warranties 

On and as of the date hereof and as of the Amendment No. 2 Effective Date, after giving effect to this Amendment, the Borrower hereby
represents and warrants that: 
 (a) this Amendment has been duly authorized, executed and delivered by the Borrower and Holdings
and constitutes a legal, valid and binding obligation of the Borrower and Holdings, respectively, enforceable against such Person in accordance with its terms, and the Credit Agreement as amended by this Amendment constitutes the legal, valid and
binding obligation of the Borrower and Holdings, enforceable against the Borrower and Holdings, respectively, in accordance with its terms, in each case, except as enforceability may be limited by applicable bankruptcy, liquidation, conservatorship,
assignment for the benefit of creditors, insolvency, rearrangement, receivership, reorganization, moratorium or similar laws affecting creditors’ or secured parties’ rights generally or by equitable principles or by implied covenants of
good faith and fair dealing relating to enforceability; 

  
 8 

 AMENDMENT NO. 2 TO CREDIT
AND GUARANTY AGREEMENT 
 BRIGHT HORIZONS
FAMILY SOLUTIONS LLC 
  
 (b) each of the representations and warranties contained in Section 4 (Representations and Warranties) of the Credit Agreement shall be true and correct in all material respects on and as of the date
hereof, in each case as if made on and as of such date, except to the extent that such representations and warranties specifically relate to an earlier date, in which case such representations and warranties shall have been true and correct in all
material respects on and as of such earlier date; provided, that in each case, such materiality qualifier shall not be applicable to any representations and warranties that are already qualified or modified by materiality in the text thereof;
provided, however, that references therein to the “Credit Agreement” shall be deemed to refer to the Credit Agreement as amended by this Amendment; and 
 (c) no Default or Event of Default has occurred and is continuing. 

SECTION 4. Amendment Fee 
 The Borrower agrees to pay on the Amendment No. 2 Effective Date to the Syndication Agent for the account of each Lender party to this Amendment which has delivered its executed signature page to
this Amendment to the Syndication Agent not later than 5:00 p.m. New York City time on May 17, 2012 (or such later time and/or date as the Borrower and the Syndication Agent may agree) (the “Consent Deadline”), an amendment fee
in an amount equal to 0.25% of the sum of (x) the aggregate principal amount of Term Loans, if any, held by such Lender as of the Consent Deadline with respect to which a signature page was delivered and (y) the aggregate amount of the
Revolving Commitment, if any, of such Lender as of the Consent Deadline with respect to which a signature page was delivered. Such amendment fee will be in all respects fully earned when paid and non-refundable and non-creditable. 

SECTION 5. Costs and Expenses 
 The Borrower and Holdings, jointly and severally, shall pay on demand in accordance with the terms of Section 10.2 of the Credit Agreement all costs and expenses of the Syndication Agent in
connection with the preparation, reproduction, execution and delivery of this Amendment and all other Credit Documents entered into in connection herewith (including, without limitation, the reasonable fees and out-of-pocket expenses of counsel for
the Syndication Agent with respect thereto and all other Credit Documents) and all outstanding unpaid invoices which are payable pursuant to Section 10.2 of the Credit Agreement and invoiced on or prior to the Consent Deadline. 

SECTION 6. Reference to the Effect on the Credit Documents 

(a) As of the Amendment No. 2 Effective Date, each reference in the Credit Agreement to “this Agreement,”
“hereunder,” “hereof,” “herein,” or words of like import, and each reference in the other Credit Documents to the Credit Agreement (including, without limitation, by means of words like
“thereunder”, “thereof” and words of like import), shall mean and be a reference to the Credit Agreement as amended hereby, and this Amendment and the Credit Agreement shall be read together and construed as a
single instrument. 

  
 9 

 AMENDMENT NO. 2 TO CREDIT
AND GUARANTY AGREEMENT 
 BRIGHT HORIZONS
FAMILY SOLUTIONS LLC 
  
 (b) Each of the Borrower and Holdings hereby reaffirms all its liens and other obligations granted or incurred pursuant to the Credit Documents all of which liens and obligations shall remain in full
force and effect (as amended and otherwise expressly modified by this Amendment). 
 (c) Except as expressly amended hereby or
specifically waived above, all of the terms and provisions of the Credit Agreement and all other Credit Documents are and shall remain in full force and effect and are hereby ratified and confirmed. 

(d) 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 the Lenders, the Syndication Agent, the Administrative Agent or the Collateral Agent under any of the Credit Documents, nor constitute a waiver or amendment of any other provision of any of the Credit Documents or for any
purpose except as expressly set forth herein. 
 (e) This Amendment is a Credit Document. 

SECTION 7. Execution in Counterparts 

This Amendment may be executed in any number of counterparts, each of which when so executed and delivered shall be deemed an original,
but all such counterparts together shall constitute but one and the same instrument. Signature pages may be detached from multiple separate counterparts and attached to a single counterpart so that all signature pages are attached to the same
document. Delivery of an executed counterpart by telecopy or electronic transmission shall be effective as delivery of a manually executed counterpart of this Amendment. 
 SECTION 8. Governing Law 
 This Amendment shall be
governed by and construed in accordance with the law of the State of New York. 
 SECTION 9. Section
Titles 
 The section titles contained in this Amendment are and shall be without substantive meaning or content
of any kind whatsoever and are not a part of the agreement between the parties hereto, except when used to reference a section. Any reference to the number of a clause, sub-clause or subsection of any Credit Document immediately followed by a
reference in parenthesis to the title of the section of such Credit Document containing such clause, sub-clause or subsection is a reference to such clause, sub-clause or subsection and not to the entire section; provided, however,
that, in case of direct conflict between the reference to the title and the reference to the number of 

  
 10 

 AMENDMENT NO. 2 TO CREDIT
AND GUARANTY AGREEMENT 
 BRIGHT HORIZONS
FAMILY SOLUTIONS LLC 
  

such section, the reference to the title shall govern absent manifest error. If any reference to the number of a section (but not to any clause, sub-clause or subsection thereof) of any Credit
Document is followed immediately by a reference in parenthesis to the title of a section of any Credit Document, the title reference shall govern in case of direct conflict absent manifest error. 

SECTION 10. Notices 
 All communications and notices hereunder shall be given as provided in the Credit Agreement. 
 SECTION 11. Severability 
 In case any provision
in or obligation under this Amendment shall be invalid, illegal or unenforceable in any jurisdiction, the validity, legality and enforceability of the remaining provisions or obligations, or of such provision or obligation in any other jurisdiction,
shall not in any way be affected or impaired thereby. 
 SECTION 12. Successors 

The terms of this Amendment shall be binding upon, and shall inure to the benefit of, the parties hereto and their respective successors
and assigns. 
 SECTION 13. Waiver of Jury Trial 

EACH OF THE PARTIES HERETO AGREES TO WAIVE ITS RESPECTIVE RIGHTS TO A JURY TRIAL OF ANY CLAIM OR CAUSE OF ACTION BASED UPON OR ARISING
UNDER THIS AMENDMENT OR ANY OTHER CREDIT DOCUMENT. 
 [SIGNATURE PAGES FOLLOW] 

  
 11 

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

			
	BRIGHT HORIZONS FAMILY SOLUTIONS LLC
		
	By:	 	/s/    ELIZABETH J. BOLAND
	Name:
	Title:

  

			
	BRIGHT HORIZONS CAPITAL CORP.
		
	By:	 	/s/    ELIZABETH J. BOLAND
	Name:
	Title:

  

			
	 EAGLE CREEK CLO, LTD.
 as a Lender

		
	By:	 	/s/    BRYAN HIGGINS
	Name:  Bryan Higgins
	Title:    Authorized Signor

  

			
	 MILL CREEK CLO, LTD.

as a Lender

		
	By:	 	/s/    BRYAN HIGGINS
	Name:  Bryan Higgins
	Title:    Authorized Signor

  

			
	 CORNERSTONE CLO LTD.

as a Lender

		
		 	By: Stone Tower Debt Advisors LLC, as its Collateral Manager
		
	By:	 	/s/    JOE MORONEY
	Name:  Joe Moroney
	Title:    Authorized Signatory

  

[SIGNATURE PAGE TO AMENDMENT NO. 2 TO
BRIGHT HORIZONS CREDIT AGREEMENT] 

 
			
	 GRANITE VENTURES II LTD.
 as a Lender

		
		 	By: Stone Tower Debt Advisors LLC, as its Collateral Manager
		
	By:	 	/s/    JOE MORONEY
	Name:  Joe Moroney
	Title:    Authorized Signatory

  

			
	 GRANITE VENTURES III LTD.
 as a Lender

		
		 	By: Stone Tower Debt Advisors LLC, as its Collateral Manager
		
	By:	 	/s/    JOE MORONEY
	Name:  Joe Moroney
	Title:    Authorized Signatory

  

			
	 Gulf Stream – Compass CLO 2005-I, Ltd.
 as a Lender

		
		 	By: Gulf Stream Asset Management LLC As Collateral Manager
		
	By:	 	/s/    JOE MORONEY
	Name:  Joe Moroney
	Title:    Vice President

  

			
	 Gulf Stream – Compass CLO 2005-II, Ltd.
 as a Lender

		
		 	By: Gulf Stream Asset Management LLC As Collateral Manager
		
	By:	 	/s/    JOE MORONEY
	Name:  Joe Moroney
	Title:    Vice President

  

[SIGNATURE PAGE TO AMENDMENT NO. 2 TO
BRIGHT HORIZONS CREDIT AGREEMENT] 

			
	 Gulf Stream – Sextant CLO 2006-1, Ltd.
 as a Lender

		
		 	By: Gulf Stream Asset Management LLC As Collateral Manager
		
	By:	 	/s/    JOE MORONEY
	Name:  Joe Moroney
	Title:    Vice President

  

			
	 Neptune Finance CCS, Ltd.
 as a Lender

		
		 	By: Gulf Stream Asset Management LLC As Collateral Manager
		
	By:	 	/s/    JOE MORONEY
	Name:  Joe Moroney
	Title:    Vice President

  

			
	 RAMPART CLO 2006-1, LTD.
 as a Lender

		
		 	By: Stone Tower Debt Advisors LLC, as its Collateral Manager
		
	By:	 	/s/    JOE MORONEY
	Name:  Joe Moroney
	Title:    Authorized Signatory

  

			
	 Rampart CLO 2007 Ltd.
 as a Lender

		
		 	By: Stone Tower Debt Advisors LLC as its Collateral Manager
		
	By:	 	/s/    JOE MORONEY
	Name:  Joe Moroney
	Title:    Authorized Signatory

  

[SIGNATURE PAGE TO AMENDMENT NO. 2 TO
BRIGHT HORIZONS CREDIT AGREEMENT] 

 
			
	 STONE TOWER CLO III, LTD.
 as a Lender

		
		 	By: Stone Tower Debt Advisors LLC, as its Collateral Manager
		
	By:	 	/s/    JOE MORONEY
	Name:  Joe Moroney
	Title:    Authorized Signatory

  

			
	 Stone Tower CLO IV, Ltd.
 as a Lender

		
		 	By: Stone Tower Debt Advisors LLC, As its Collateral Manager
		
	By:	 	/s/    JOE MORONEY
	Name:  Joe Moroney
	Title:    Authorized Signatory

  

			
	 Stone Tower CLO V, Ltd.
 as a Lender

		
		 	By: Stone Tower Debt Advisors LLC, As its Collateral Manager
		
	By:	 	/s/    JOE MORONEY
	Name:  Joe Moroney
	Title:    Authorized Signatory

  

			
	 STONE TOWER CLO VI, LTD.
 as a Lender

		
		 	By: Stone Tower Debt Advisors LLC, as its Collateral Manager
		
	By:	 	/s/    JOE MORONEY
	Name:  Joe Moroney
	Title:    Authorized Signatory

  

[SIGNATURE PAGE TO AMENDMENT NO. 2 TO
BRIGHT HORIZONS CREDIT AGREEMENT] 

 
			
	 STONE TOWER CLO VII, LTD.
 as a Lender

		
		 	By: Stone Tower Debt Advisors LLC, as its Collateral Manager
		
	By:	 	/s/    JOE MORONEY
	Name:  Joe Moroney
	Title:    Authorized Signatory

  

			
	 Stone Tower Loan Trust 2010
 as a Lender

		
		 	By: Stone Tower Fund Management LLC, its Collateral Manager
		
	By:	 	/s/    JOE MORONEY
	Name:  Joe Moroney
	Title:    Authorized Signatory

  

			
	 EMPORIA PREFERRED FUNDING I, LTD.
 By: Ivy Hill Asset Management, L.P., as Collateral Manager
 as a Lender

		
	By:	 	/s/    RYAN CASCADE
	Name:  Ryan Cascade
	Title:    Duly Authorized Signatory

  

			
	 EMPORIA PREFERRED FUNDING III, LTD.
 By: Ivy Hill Asset Management, L.P., as Collateral Manager
 as a Lender

		
	By:	 	/s/    RYAN CASCADE
	Name:  Ryan Cascade
	Title:    Duly Authorized Signatory

  

[SIGNATURE PAGE TO AMENDMENT NO. 2 TO
BRIGHT HORIZONS CREDIT AGREEMENT] 

 
			
	 BABSON CLO LTD. 2004-I
 BABSON CLO LTD. 2004-II
 BABSON CLO LTD. 2005-I

BABSON CLO LTD. 2005-II
 BABSON CLO LTD.
2005-III
 BABSON CLO LTD. 2006-I

BABSON CLO LTD. 2006-II
 BABSON CLO LTD.
2007-I
 BABSON MID-MARKET CLO LTD. 2007-II
 BABSON CLO LTD. 2011-I
 ARTUS LOAN FUND 2007-I, LTD.

SAPPHIRE VALLEY CDO I, LTD., each as a Lender

	By: Babson Capital Management LLC as Collateral Manager
		
	By:	 	/s/    THOMAS Q. MCDONNELL
	Name:  Thomas Q. McDonnell
	Title:    Managing Director

  

			
	 AMBITION TRUST 2009

MAPLETREE PORTFOLIO, each as a Lender

	By: Babson Capital Management LLC as Investment Manager
		
	By:	 	/s/    THOMAS Q. MCDONNELL
	Name:  Thomas Q. McDonnell
	Title:    Managing Director

  

			
	CANARAS SUMMIT CLO LTD
	By: Canaras Capital Management LLC As Sub-Investment Adviser
		
	By:	 	/s/    ANDREW J. HELLER
	Name:  Andrew J. Heller
	Title:    Authorized Signatory

  

[SIGNATURE PAGE TO AMENDMENT NO. 2 TO
BRIGHT HORIZONS CREDIT AGREEMENT] 

 
			
	 CAPITALSOURCE BANK,

as a Lender

		
	By:	 	/s/    ROBERT DAILEY
	Name:  Robert Dailey
	Title:    Senior Vice President

  

			
	 Carlyle Arnage CLO, Ltd.
 as a Lender

		
	By:	 	/s/    LINDA PACE
	Name:  Linda Pace
	Title:    Managing Director

  

			
	 Carlyle Azure CLO, Ltd.
 as a Lender

		
	By:	 	/s/    LINDA PACE
	Name:  Linda Pace
	Title:    Managing Director

  

			
	 Carlyle Bristol CLO, Ltd.
 as a Lender

		
	By:	 	/s/    LINDA PACE
	Name:  Linda Pace
	Title:    Managing Director

  

			
	 Carlyle Daytona CLO, Ltd.
 as a Lender

		
	By:	 	/s/    LINDA PACE
	Name:  Linda Pace
	Title:    Managing Director

  

[SIGNATURE PAGE TO AMENDMENT NO. 2 TO
BRIGHT HORIZONS CREDIT AGREEMENT] 

 
			
	 Carlyle Global Market Strategies
 CLO 2011-1, Ltd.
 as a Lender

		
	By:	 	/s/    LINDA PACE
	Name:  Linda Pace
	Title:    Managing Director

  

			
	 Carlyle High Yield Partners VI, Ltd.
 as a Lender

		
	By:	 	/s/    LINDA PACE
	Name:  Linda Pace
	Title:    Managing Director

  

			
	 Carlyle High Yield Partners VII, Ltd.
 as a Lender

		
	By:	 	/s/    LINDA PACE
	Name:  Linda Pace
	Title:    Managing Director

  

			
	 Carlyle McLaren CLO, Ltd.
 as a Lender

		
	By:	 	/s/    LINDA PACE
	Name:  Linda Pace
	Title:    Managing Director

  

			
	 Carlyle Veyron CLO, Ltd.
 as a Lender

		
	By:	 	/s/    LINDA PACE
	Name:  Linda Pace
	Title:    Managing Director

  

[SIGNATURE PAGE TO AMENDMENT NO. 2 TO
BRIGHT HORIZONS CREDIT AGREEMENT] 

 
			
	 Renaissance Trust 2009
 By: Highbridge Principal Strategies LLC, its Sub-Investment Manager
 as a
Lender

		
	By:	 	/s/    JAMES DONSKY
	Name:  James Donsky
	Title:    Vice President

  

			
	 CIFC Funding 2007-IV, Ltd.
  

By: CIFC Asset Management LLC, its Collateral Manager

		
	By:	 	/s/    ROB MILTON
	Name:  Rob Milton
	Title:    Authorized Signatory

  

			
	 CIT Bank
  

By: The CIT Group/Equipment Financing, Inc. as attorney-in-fact
  

as a Lender

		
	By:	 	/s/    TERENCE SULLIVAN
	Name:  Terence Sullivan
	Title:    Managing Director

  

			
	 CIT CLO I, LTD.

By: CIT Asset Management LLC
  
 as a Lender

		
	By:	 	/s/    ROGER M. BURNS
	Name:  Roger M. Burns
	Title:    CIT Asset Management LLC Executive VP

  

[SIGNATURE PAGE TO AMENDMENT NO. 2 TO
BRIGHT HORIZONS CREDIT AGREEMENT] 

 
			
	 REGATTA FUNDING LTD.

By: Citi Alternative Investments LLC, attorney-in-fact
  

as a Lender

		
	By:	 	/s/    MELANIE HERLER
	Name: Melanie Herler
	Title:   

  

			
	 DENALI CAPITAL CLO VI, LTD.
 as a Lender
  

By: Denali Capital LLC, managing member of DC Funding Partners LLC, collateral manager

		
	By:	 	/s/    JOHN P. THACKER
	Name: John P. Thacker
	Title:   Chief Credit Officer

  

			
	 DENALI CAPITAL CLO VII, LTD.
 as a Lender
  

By: Denali Capital LLC, managing member of DC Funding Partners LLC, collateral manager

		
	By:	 	/s/    JOHN P. THACKER
	Name: John P. Thacker
	Title:   Chief Credit Officer

  

			
	 Spring Road CLO 2007-1, LTD.
 as a Lender
  

By: Denali Capital LLC, managing member of DC Funding Partners LLC, collateral manager

		
	By:	 	/s/    JOHN P. THACKER
	Name: John P. Thacker
	Title:   Chief Credit Officer

  

[SIGNATURE PAGE TO AMENDMENT NO. 2 TO
BRIGHT HORIZONS CREDIT AGREEMENT] 

 
			
	 DORAL CLO I, LTD.

as a Lender

		
	By:	 	/s/    DENNIS TALLEY
	Name: Dennis Talley
	Title:   Managing Director

  

			
	 Eaton Vance CDO IX Ltd.
 By: Eaton Vance Management as Investment Advisor
 as a Lender

		
	By:	 	/s/    MICHAEL BOTTHOF
	Name: Michael Botthof
	Title:   Vice President

  

			
	 Eaton Vance CDO VIII, Ltd.
 By: Eaton Vance Management As Investment Advisor
 as a Lender

		
	By:	 	/s/    MICHAEL BOTTHOF
	Name: Michael Botthof
	Title:   Vice President

  

			
	 EATON VANCE FLOATING-RATE INCOME TRUST
 By: Eaton Vance Management as Investment Advisor
 as a Lender

		
	By:	 	/s/    MICHAEL BOTTHOF
	Name: Michael Botthof
	Title:   Vice President

  

[SIGNATURE PAGE TO AMENDMENT NO. 2 TO
BRIGHT HORIZONS CREDIT AGREEMENT] 

 
			
	 Eaton Vance Limited Duration Income Fund
 By: Eaton Vance Management as Investment Advisor
 as a Lender

		
	By:	 	/s/    MICHAEL BOTTHOF
	Name: Michael Botthof
	Title:   Vice President

  

			
	 Eaton Vance International (Cayman Islands) Floating-Rate Income Portfolio

By: Eaton Vance Management as Investment Advisor

as a Lender

		
	By:	 	/s/    MICHAEL BOTTHOF
	Name: Michael Botthof
	Title:  Vice President

  

			
	 Eaton Vance Senior Floating-Rate Trust
 By: Eaton Vance Management as Investment Advisor
 as a Lender

		
	By:	 	/s/    MICHAEL BOTTHOF
	Name: Michael Botthof
	Title:   Vice President

  

			
	 EATON VANCE SENIOR INCOME TRUST
 By: Eaton Vance Management as Investment Advisor
 as a Lender

		
	By:	 	/s/    MICHAEL BOTTHOF
	Name: Michael Botthof
	Title:   Vice President

  

[SIGNATURE PAGE TO AMENDMENT NO. 2 TO
BRIGHT HORIZONS CREDIT AGREEMENT] 

 
			
	 EATON VANCE VT FLOATING-RATE INCOME FUND
 By: Eaton Vance Management as Investment Advisor
 as a Lender

		
	By:	 	/s/    MICHAEL BOTTHOF
	Name: Michael Botthof
	Title:   Vice President

  

			
	 INNOVATION TRUST 2009
 By: Eaton Vance Management as Investment Advisor
 as a Lender

		
	By:	 	/s/    MICHAEL BOTTHOF
	Name: Michael Botthof
	Title:   Vice President

  

			
	 RIVERSOURCE VARIABLE SERIES TRUST-VARIABLE PORTFOLIO
 EATON VANCE FLOATING RATE INCOME FUND
 By: Eaton Vance Management as Investment
Sub-Advisor
 as a Lender

		
	By:	 	/s/    MICHAEL BOTTHOF
	Name: Michael Botthof
	Title:   Vice President

  

[SIGNATURE PAGE TO AMENDMENT NO. 2 TO
BRIGHT HORIZONS CREDIT AGREEMENT] 

 
			
	 Ballyrock CLO-2006-1 Limited, By: Ballyrock Investment Advisors LLC, as Collateral Manager,

as a Lender

		
	By:	 	/s/    LISA RYMUT
	Name: Lisa Rymut
	Title:   Assistant Treasurer

  

			
	 Ballyrock CLO-2006-2 Limited, By: Ballyrock Investment Advisors LLC, as Collateral Manager,

as a Lender

		
	By:	 	/s/    LISA RYMUT
	Name: Lisa Rymut
	Title:   Assistant Treasurer

  

			
	 Ballyrock CLO III Limited, By: Ballyrock Investment Advisors LLC, as Collateral Manager,

as a Lender

		
	By:	 	/s/    LISA RYMUT
	Name: Lisa Rymut
	Title:   Assistant Treasurer

  

			
	 BLUE SHIELD OF CALIFORNIA
 as a Lender

		
	By:	 	/s/    DAVID ARDINI
	Name: David Ardini
	Title:   Vice President

  

			
	Fidelity American High Yield Fund, for Fidelity Investments Canada ULC as Trustee of Fidelity American High Yield Fund, as a Lender
		
	By:	 	/s/    JOSEPH ZAMBELLO
	Name: Joseph Zambello
	Title:   Deputy Treasurer

  

[SIGNATURE PAGE TO AMENDMENT NO. 2 TO
BRIGHT HORIZONS CREDIT AGREEMENT] 

 
			
	Fidelity Canadian Balanced Fund, for Fidelity Investments Canada ULC as Trustee of Fidelity Canadian Balanced Fund, as a Lender
		
	By:	 	/s/    JOSEPH ZAMBELLO
	Name: Joseph Zambello
	Title:   Deputy Treasurer

  

			
	 FRANKLIN CLO V, LTD.
 as a Lender

		
	By:	 	/s/    DAVID ARDINI
	Name: David Ardini, Franklin Advisers, Inc. as Collateral Manager
	Title:   Vice President

  

			
	 FRANKLIN INVESTORS SECURITIES TRUST – FRANKLIN FLOATING RATE DAILY ACCESS FUND

as a Lender

		
	By:	 	/s/    RICHARD HSU
	Name: Richard Hsu
	Title:   Vice President

  

			
	 FRANKLIN FLOATING RATE MASTER TRUST – FRANKLIN FLOATING RATE MASTER SERIES

as a Lender

		
	By:	 	/s/    RICHARD HSU
	Name: Richard Hsu
	Title:   Vice President

  

			
	 FRANKLIN TEMPLETON LIMITED DURATION INCOME TRUST
 as a Lender

		
	By:	 	/s/    RICHARD HSU
	Name: Richard Hsu
	Title:   Vice President

  

[SIGNATURE PAGE TO AMENDMENT NO. 2 TO
BRIGHT HORIZONS CREDIT AGREEMENT] 

 
			
	 FRANKLIN TEMPLETON SERIES II FUNDS – FRANKLIN FLOATING RATE II FUND

as a Lender

		
	By:	 	/s/    RICHARD HSU
	Name: Richard Hsu
	Title:   Vice President

  

			
	 GECC
 as a
Lender

		
	By:	 	/s/    ALFREDO WANG
	Name: Alfredo Wang
	Title:   Duly Authorized Signatory

  

			
	 General Electric Capital Corporation,
 as a Lender

		
	By:	 	/s/    KIMBERLY MASSA
	Name: Kimberly Massa
	Title:   Duly Authorized Signatory

  

			
	 Global Leveraged Capital Credit Opportunity Fund I, as Lender

 
 Global Leveraged Capital Management, LLC, as Collateral
Manager

		
	By:	 	/s/    MICHAEL FERRIS
	Name: Michael Ferris
	Title:   Managing Director

  

			
	 GOLUB CAPITAL FUNDING CLO-8, LTD.
 as a Lender

		
	By:	 	/s/    CHRISTINA JAMIESON
	Name: Christina Jamieson
	Title:   Portfolio Manager

  

[SIGNATURE PAGE TO AMENDMENT NO. 2 TO
BRIGHT HORIZONS CREDIT AGREEMENT] 

 
			
	 GOLUB CAPITAL MANAGEMENT CLO 2007-I, Ltd.
 as a Lender

		
	By:	 	/s/    CHRISTINA JAMIESON
	Name: Christina Jamieson
	Title:   Portfolio Manager

  

			
	 GOLUB CAPITAL SENIOR LOAN OPPORTUNITY FUND, LTD.
 as a Lender

		
	By:	 	/s/    CHRISTINA JAMIESON
	Name: Christina Jamieson
	Title:   Portfolio Manager

  

			
	 as a Lender
  

ING (L) Flex – Senior Loans
 By: ING
Investment Management Co. LLC, as its investment manager
  
 ING Investment
Management CLO II, LTD.
 By: ING Alternative Asset Management LLC, as its investment manager

 
 ING Investment Management CLO III, LTD.

By: ING Alternative Asset Management LLC, as its investment manager
  

ING Investment Management CLO IV, LTD.
 By: ING
Alternative Asset Management LLC, as its investment manager
  
 ING Investment
Management CLO V, LTD.
 By: ING Alternative Asset Management LLC, as its investment manager

		
	By:	 	/s/    MICHAEL PRINCE
	Name: Michael Prince, CFA
	Title:   Senior Vice President

  

[SIGNATURE PAGE TO AMENDMENT NO. 2 TO
BRIGHT HORIZONS CREDIT AGREEMENT] 

 
			
	 ING Capital LLC,

as a Lender

		
	By:	 	/s/    IAN B. WONG
	Name: Ian B. Wong
	Title:   Vice President

  

			
	 ALZETTE EUROPEAN CLO S.A.
 By: INVESCO Senior Secured Management, Inc.
         As
Collateral Manager
  
 as a Lender

		
	By:	 	/s/    THOMAS EWALD
	Name: Thomas Ewald
	Title:   Authorized Signatory

  

			
	 AVALON CAPITAL LTD. 3
 By: INVESCO Senior Secured Management, Inc.
         As
Asset Manager
  
 as a Lender

		
	By:	 	/s/    THOMAS EWALD
	Name: Thomas Ewald
	Title:   Authorized Signatory

  

			
	 AVALON IV CAPITAL LTD.
 By: Invesco Senior Secured Management, Inc.
         As
Asset Manager
  
 as a Lender

		
	By:	 	/s/    THOMAS EWALD
	Name: Thomas Ewald
	Title:   Authorized Signatory

  

[SIGNATURE PAGE TO AMENDMENT NO. 2 TO
BRIGHT HORIZONS CREDIT AGREEMENT] 

 
			
	 CHAMPLAIN CLO, LTD.
 By: INVESCO Senior Secured Management, Inc.
         As
Collateral Manager
  
 as a Lender

		
	By:	 	/s/    THOMAS EWALD
	Name: Thomas Ewald
	Title:   Authorized Signatory

  

			
	 Confluent 3 Limited
 By: Invesco Senior Secured Management, Inc.
         As
Investment Manager
  
 as a Lender

		
	By:	 	/s/    THOMAS EWALD
	Name: Thomas Ewald
	Title:   Authorized Signatory

  

			
	 DIVERSIFIED CREDIT PORTFOLIO LTD.
 By: INVESCO Senior Secured Management, Inc.
         As
Investment Manager
  
 as a Lender

		
	By:	 	/s/    THOMAS EWALD
	Name: Thomas Ewald
	Title:   Authorized Signatory

  

[SIGNATURE PAGE TO AMENDMENT NO. 2 TO
BRIGHT HORIZONS CREDIT AGREEMENT] 

 
			
	 HUDSON CANYON FUNDING II, LTD
 By: INVESCO Senior Secured Management, Inc.
         As
Collateral Manager & Attorney In Fact
  
 as a
Lender

		
	By:	 	/s/    THOMAS EWALD
	Name: Thomas Ewald
	Title:   Authorized Signatory

  

			
	 Invesco Floating Rate Fund
 By: INVESCO Senior Secured Management, Inc.
         As
Sub-Advisor
  
 as a Lender

		
	By:	 	/s/    THOMAS EWALD
	Name: Thomas Ewald
	Title:   Authorized Signatory

  

			
	 Invesco Van Kampen Dynamic Credit Opportunities Fund
 By: Invesco Senior Secured Management, Inc. as Sub-Advisor
 as a Lender

		
	By:	 	/s/    THOMAS EWALD
	Name: Thomas Ewald
	Title:   Authorized Signatory

  

[SIGNATURE PAGE TO AMENDMENT NO. 2 TO
BRIGHT HORIZONS CREDIT AGREEMENT] 

 
			
	 Invesco Van Kampen Senior Income Trust
 By: Invesco Senior Secured Management, Inc. as Sub-Advisor
  
 as a Lender

		
	By:	 	/s/    THOMAS EWALD
	Name: Thomas Ewald
	Title:   Authorized Signatory

  

			
	 Invesco Van Kampen Senior Loan Fund
 By: Invesco Senior Secured Management, Inc. as Sub-Advisor
 as a Lender

		
	By:	 	/s/    THOMAS EWALD
	Name: Thomas Ewald
	Title:   Authorized Signatory

  

			
	 Invesco Zodiac Funds – Invesco US Senior Loan Fund
 By: Invesco Management S.A. as Investment Manager
 as a Lender

		
	By:	 	/s/    THOMAS EWALD
	Name: Thomas Ewald
	Title:   Authorized Signatory

  

			
	 LIMEROCK CLO 1
 By: INVESCO Senior Secured Management, Inc., As Investment Manager
 as a
Lender

		
	By:	 	/s/    THOMAS EWALD
	Name: Thomas Ewald
	Title:   Authorized Signatory

  

[SIGNATURE PAGE TO AMENDMENT NO. 2 TO
BRIGHT HORIZONS CREDIT AGREEMENT] 

 
			
	 MOSELLE CLO S.A.
 By: INVESCO Senior Secured Management, Inc.,
         As
Collateral Manager
 as a Lender

		
	By:	 	/s/    THOMAS EWALD
	Name: Thomas Ewald
	Title:   Authorized Signatory

  

			
	 NAUTIQUE FUNDING LTD.
 By: INVESCO Senior Secured Management, Inc.,
         As
Collateral Manager
 as a Lender

		
	By:	 	/s/    THOMAS EWALD
	Name: Thomas Ewald
	Title:   Authorized Signatory

  

			
	 SAGAMORE CLO LTD.
 By: INVESCO Senior Secured Management, Inc.,
         As
Collateral Manager
 as a Lender

		
	By:	 	/s/    THOMAS EWALD
	Name: Thomas Ewald
	Title:   Authorized Signatory

  

			
	 SARATOGA CLO I, LIMITED
 By: INVESCO Senior Secured Management, Inc.,
         As
the Asset Manager
 as a Lender

		
	By:	 	/s/    THOMAS EWALD
	Name: Thomas Ewald
	Title:   Authorized Signatory

  

[SIGNATURE PAGE TO AMENDMENT NO. 2 TO
BRIGHT HORIZONS CREDIT AGREEMENT] 

 
			
	 WASATCH CLO LTD
 By: INVESCO Senior Secured Management, Inc.,
         As
Portfolio Manager
 as a Lender

		
	By:	 	/s/    THOMAS EWALD
	Name: Thomas Ewald
	Title:   Authorized Signatory

  

			
	 KKR FINANCIAL CLO 2005-1, LTD.
 as a Lender

		
	By:	 	/s/    JEFFREY M. SMITH
	Name: Jeffrey M. Smith
	Title:   Authorized Signatory

  

			
	 LMP Corporate Loan Fund, Ltd.
 By: Citi Alternative Investments LLC
 as a Lender

		
	By:	 	/s/    MELANIE HERLER
	Name: Melanie Herler
	Title:   

  

			
	 APOSTLE LOOMIS SAYLES CREDIT OPPORTUNITIES FUND,
 As Lender
  
 By: Loomis,
Sayles & Company, L.P.
         Its Investment Manager

 
 By: Loomis, Sayles & Company, Incorporated,

        Its General Partner
 as a Lender

		
	By:	 	/s/    MARY MCCARTHY
	Name: Mary McCarthy
	Title:   Vice President

  

[SIGNATURE PAGE TO AMENDMENT NO. 2 TO
BRIGHT HORIZONS CREDIT AGREEMENT] 

 
			
	 APOSTLE LOOMIS SAYLES SENIOR LOAN FUND,
 As Lender
  
 By: Loomis,
Sayles & Company, L.P.
         Its Investment Manager

 
 By: Loomis, Sayles & Company, Incorporated,

        Its General Partner
 as a Lender

		
	By:	 	/s/    MARY MCCARTHY
	Name: Mary McCarthy
	Title:   Vice President

  

			
	 NATIXIS LOOMIS SAYLES SENIOR LOAN FUND,
 As Lender
  
 By: Loomis,
Sayles & Company, L.P.
         Its Investment Manager

 
 By: Loomis, Sayles & Company, Incorporated,

        Its General Partner
 as a Lender

		
	By:	 	/s/    MARY MCCARTHY
	Name: Mary McCarthy
	Title:   Vice President

  

[SIGNATURE PAGE TO AMENDMENT NO. 2 TO
BRIGHT HORIZONS CREDIT AGREEMENT] 

 
			
	 THE LOOMIS SAYLES SENIOR LOAN FUND, LLC
 As Lender
  
 By: Loomis,
Sayles & Company, L.P.
         Its Managing Member

 
 By: Loomis, Sayles & Company, Incorporated,

        Its General Partner
 as a Lender

		
	By:	 	/s/    MARY MCCARTHY
	Name: Mary McCarthy
	Title:   Vice President

  

			
	 Madison Capital Funding LLC
 as a Lender

		
	By:	 	/s/    CRAIG LACY
	Name: Craig Lacy
	Title:   Senior Managing Director

  

			
	 JERSEY STREET CLO, LTD.
 By its Collateral Manager, Massachusetts Financial Services Company
 as a
Lender

		
	By:	 	/s/    DAVID J. COLEY
	Name: David J. Coley
	As authorized representative and not individually

  

			
	 MARLBOROUGH STREET CLO, LTD.
 By its Collateral Manager, Massachusetts Financial Services Company
 as a
Lender

		
	By:	 	/s/    DAVID J. COLEY
	Name: David J. Coley
	As authorized representative and not individually

  

[SIGNATURE PAGE TO AMENDMENT NO. 2 TO
BRIGHT HORIZONS CREDIT AGREEMENT] 

 
			
	 Morgan Stanley Investment Management Croton, Ltd.
 By: Invesco Senior Secured Management, Inc. as Collateral Manager
 as a Lender

		
	By:	 	/s/    THOMAS EWALD
	Name: Thomas Ewald
	Title:   Authorized Signatory

  

			
	 MSIM Peconic Bay, Ltd.
 By: Invesco Senior Secured Management, Inc. as Collateral Manager
 as a Lender

		
	By:	 	/s/    THOMAS EWALD
	Name: Thomas Ewald
	Title:   Authorized Signatory

  

			
	 Qualcomm Global Trading, Inc.
 By: Invesco Senior Secured Management, Inc. as Investment Manager
 as a Lender

		
	By:	 	/s/    THOMAS EWALD
	Name: Thomas Ewald
	Title:   Authorized Signatory

  

			
	 Oppenheimer Master Loan Fund, LLC,
 as a Lender

		
	By:	 	/s/    BRAD HEBERT
	Name:
	Title:   
	
	 Brown Brothers Harriman & Co. acting

as agent for OppenheimerFunds, Inc.
  

Brad Hebert

AVP

  

[SIGNATURE PAGE TO AMENDMENT NO. 2 TO
BRIGHT HORIZONS CREDIT AGREEMENT] 

 
			
	 Oppenheimer Senior Floating Rate Fund, 
 as a Lender

		
	By:	 	/s/    BRAD HEBERT
	Name:
	Title:
	
	 Brown Brothers Harriman & Co. acting

as agent for OppenheimerFunds, Inc.

	
	 Brad Hebert
 AVP

  

			
	 Pioneer Floating Rate Fund
 Pioneer Floating Rate Trust
 Pioneer Strategic Income Fund,

    Each as a Lender
  

By: Pioneer Investment Management, Inc.

		
	By:	 	/s/    MARGARET C. BEGLEY
	Name: Margaret C. Begley
	Title:   Secretary and Associate General Counsel

  

			
	 Mountain View Funding CLO 2006-I, Ltd.,
 By: Seix Investment Advisors LLC, as Collateral Manager
  
 Mountain View CLO III, Ltd.,
 By: Seix Investment Advisors LLC, as Collateral
Manager
  
 as Lenders

		
	By:	 	/s/    GEORGE GOUDELIAS
	Name: George Goudelias
	Title: Managing Director

  

[SIGNATURE PAGE TO AMENDMENT NO. 2 TO
BRIGHT HORIZONS CREDIT AGREEMENT] 

 
			
	 SPCP GROUP, LLC
 as
a Lender

		
	By:	 	/s/    DAVID F. STEINMETZ
	Name: David F. Steinmetz
	Title:   Authorized Signatory

  

			
	 Each of the persons listed on Annex A, Severally but not jointly, as a Lender

 
 By: Wellington Management Company, LLP, as its Investment
Adviser

		
	By:	 	/s/    STEVEN M. HOFFMAN
	Name: Steven M. Hoffman
	Title:   Vice President and Counsel

  

[SIGNATURE PAGE TO AMENDMENT NO. 2 TO
BRIGHT HORIZONS CREDIT AGREEMENT] 

 ANNEX A 
 UMC Benefit Board, Inc. 
 Wellington Trust Company, National Association Multiple
Common Trust Funds Trust- 
 Opportunistic Fixed Income Allocation Portfolio 

  

[SIGNATURE PAGE TO AMENDMENT NO. 2 TO
BRIGHT HORIZONS CREDIT AGREEMENT] 

 Exhibit A 

GUARANTOR ACKNOWLEDGMENT 
 TO 
 AMENDMENT NO. 2 

TO 
 CREDIT AND
GUARANTY AGREEMENT 
 Each of the undersigned hereby consents to Amendment No. 2 to Credit and Guaranty Agreement, dated as
of the date hereof (the “Amendment”), which amends the Credit and Guaranty Agreement, dated as of May 28, 2008, among Bright Horizons Family Solutions LLC, a Delaware limited liability company, as successor to Bright Horizons
Family Solutions, Inc., as Borrower, Bright Horizons Capital Corp., a Delaware corporation, as Holdings, the Lenders party thereto, Goldman Sachs Credit Partners L.P., as Syndication Agent, and General Electric Capital Corporation, as Administrative
Agent and Collateral Agent, as amended by Amendment No. 1 to Credit and Guaranty Agreement, dated as of July 14, 2011 (as amended, supplemented or otherwise modified up to the date hereof, the “Credit Agreement”;
capitalized terms not otherwise defined herein shall have the meaning ascribed to them in the Credit Agreement) and agrees that the terms hereof shall not affect in any way its guarantees, obligations, liabilities and liens granted or incurred by it
under the Credit Documents (as amended and otherwise expressly modified by the Amendment), all of which guarantees, obligations, liabilities and liens shall remain in full force and effect and each of which is hereby reaffirmed (as amended and
otherwise expressly modified by the Amendment). 
 This acknowledgment may be executed in any number of counterparts, each of
which when so executed and delivered shall be deemed an original, but all such counterparts together shall constitute but one and the same instrument. Signature pages may be detached from multiple separate counterparts and attached to a single
counterpart so that all signature pages are attached to the same document. Delivery of an executed counterpart by telecopy or electronic transmission shall be effective as delivery of a manually executed counterpart of this consent. Notices to
parties hereto shall be given as provided in the Credit Agreement. 
 The terms of the Amendment shall be binding upon, and
shall inure to the benefit of, the parties hereto and their respective successors and assigns. 
 This consent shall be governed
by and construed in accordance with the law of the State of New York. 
 Dated as of May 23, 2012. 

[SIGNATURE PAGES FOLLOW] 

 
			
	Consented to and agreed as of the date of the Amendment:
	
	 BRIGHT HORIZONS LLC

BRIGHT HORIZONS CHILDREN’S CENTERS LLC

CHILDRENFIRST LLC
 CORPORATEFAMILY SOLUTIONS
LLC
 LIPTON CORPORATE CHILD CARE CENTERS, INC.
 LIPTON CORPORATE CHILD CARE CENTERS (MORRIS COUNTY), INC.
 LIPTON CORPORATE CHILD CARE CENTERS
(OAKWOOD AT THE WINDSOR), INC.
 LIPTON CORPORATE CHILD CARE CENTERS (PARK AVENUE), INC.
 RESOURCES IN ACTIVE LEARNING
 WORK OPTIONS GROUP, INC.

		
	By:	 	/s/ ELIZABETH J. BOLAND
	Name:  
	Title:    

  

SIGNATURE PAGE TO GUARANTOR ACKNOWLEDGEMENT –
BRIGHT HORIZONS AMENDMENT

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