Document:

Exhibit
10.1

FOURTH
AMENDMENT TO CREDIT AGREEMENT

This
FOURTH AMENDMENT TO CREDIT AGREEMENT (this “Amendment”),
dated as of March 29, 2007, amends certain provisions of the Credit
Agreement dated as of August 25, 2003, as amended by a First Amendment to
Credit Agreement dated as of July 14, 2004, a Second Amendment to Credit
Agreement dated as of March 28, 2005, and a Third Amendment to Credit
Agreement dated as of March 29, 2006 (as so amended, and as further amended
from time to time prior to the date hereof, the “Existing
Credit Agreement”) by and among Monitronics International, Inc.,
a Texas corporation (the “Borrower”),
the Lenders from time to time party thereto, Bank of America, N.A., as
successor by merger to Fleet National Bank, as Administrative Agent for the
Credit Parties, and Bank of America, N.A., as Syndication Agent for the Credit
Parties.

W  I  T
N  E  S  S  E  T  H:

WHEREAS,
the Borrower has requested that the Credit Parties agree to certain
amendments to the Existing Credit Agreement; and

WHEREAS,
upon and subject to the terms hereof, in accordance with Section 11.1 of the
Credit Agreement (as defined below), the Credit Parties hereby agree to the
amendments to the Existing Credit Agreement as specified herein;

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

ARTICLE I

DEFINITIONS AND RULES OF INTERPRETATION

Each
capitalized term that is used herein and is defined in the Existing Credit
Agreement shall have the meaning specified therein unless such term is
otherwise defined herein.  In addition,
the rules of interpretation set forth in Section 1.3 of the Existing
Credit Agreement apply herein.  As used
herein, the term “Credit Agreement” shall mean
the Existing Credit Agreement as amended by and through the date hereof,
including by this Amendment, and as further amended, restated, modified,
supplemented and/or extended from time to time. 
This Amendment is a Loan Document.

ARTICLE
II
  AMENDMENTS, ETC.

Section 2.1.           Amendments
to Schedules.  The following
Schedules amend, replace and supersede the corresponding Schedules attached to
the Existing Credit Agreement:  

	
  Schedule 4.5(a)

  	
  Properties

  
	
  Schedule 4.5(b)

  	
  Intellectual Property

  
	
  Schedule 4.6

  	
  Proceedings

  

 

 

	
  Schedule 4.8

  	
  Material Agreements and Licenses

  
	
  Schedule 4.13

  	
  Ownership of the Borrower and its Subsidiaries

  
	
  Schedule 4.16

  	
  Insurance

  
	
  Schedule 4.20

  	
  Depository and Other Accounts

  

 

Section 2.2.           Amendments
to Section 1.1.  Section 1.1 of the Existing Credit
Agreement is hereby amended as follows:

(a)           Additional
Definition.  The following
definition is hereby added to Section 1.1 of the Credit Agreement in
alphabetical order:

“‘Fourth Amendment Closing
Date’ shall mean the date upon which the Fourth Amendment to
Credit Agreement among the Borrower and the Credit Parties shall have been
executed by each of the parties thereto and all conditions set forth in Section
3.3 of such Fourth Amendment to Credit Agreement have been satisfied or waived.”

Section 2.3.           Amendment to Section 4.6.  Section 4.6 of the Existing Credit
Agreement is hereby amended by deleting each reference to the term “Third
Amendment Closing Date” appearing therein and inserting in lieu thereof the
term “Fourth Amendment Closing Date”.

Section 2.4.           Amendment to Section 4.8(a).  Section 4.8(a) of the Existing Credit
Agreement is hereby amended by deleting the term “Third Amendment Closing Date”
appearing therein and inserting in lieu thereof the term “Fourth Amendment
Closing Date”.

Section 2.5.           Amendment to Section 4.13(a).  Section 4.13(a) of the Existing Credit
Agreement is hereby amended by deleting the term “Third Amendment Closing Date”
appearing therein and inserting in lieu thereof the term “Fourth Amendment
Closing Date”.

Section 2.6.           Amendment to Section 4.16.  Section 4.16 of the Existing Credit
Agreement is hereby amended by deleting each reference to the term “Third
Amendment Closing Date” appearing therein and inserting in lieu thereof the
term “Fourth Amendment Closing Date”.

Section 2.7.           Amendment to Section 4.21.  Section 4.21
of the Existing Credit Agreement is hereby amended by deleting the term “Third
Amendment Closing Date” appearing therein and inserting in lieu thereof the
term “Fourth Amendment Closing Date”.

Section 2.8.           Amendment to Section 8.17.  Section 8.17 of the Existing Credit
Agreement is hereby amended by deleting the phrase “; provided, further, that notwithstanding
the foregoing, for the fiscal year ending June 30, 2006, the Borrower and
its Subsidiaries may make Capital Expenditures in an aggregate amount up to Six
Million Five Hundred Thousand

 2
 

Dollars
($6,500,000)  and the Borrower may carry forward any permitted but
unused Capital Expenditures from the fiscal year ended June 30, 2006 to the
fiscal year ended June 30, 2007” and inserting in lieu thereof the phrase  “; provided,
further, that notwithstanding the foregoing, for the fiscal year
ending June 30, 2007, the Borrower and its Subsidiaries may make Capital
Expenditures in an aggregate amount up to Eight Million Dollars ($8,000,000) and the Borrower may carry forward
any permitted but unused Capital Expenditures from the fiscal year ended June
30, 2007 to the fiscal year ended June 30, 2008”.

ARTICLE
III

REPRESENTATIONS AND WARRANTIES, COVENANTS, CONDITIONS

PRECEDENT, ETC.

Section 3.1.           Confirmation
of Representations, Warranties and Covenants, Etc.  The Borrower, by execution of this Amendment,
certifies to the Credit Parties that:

(a)           Each of the
representations and warranties set forth in the Credit Agreement and the other
Loan Documents is true and correct in all material respects on and as of the
date hereof, except to the extent such representations and warranties expressly
relate to an earlier date, as if fully set forth in this Amendment and that, as
of the date hereof, no Default or Event of Default has occurred and is
continuing under the Credit Agreement or any other Loan Document;

(b)           The Borrower is in
compliance in all material respects with all of the terms and provisions set
forth in the Credit Agreement on its part to be observed or performed on or
prior to the date of this Amendment; and

(c)           Since June 30,
2006, there has been no change in the assets or liabilities or in the financial
or other condition of the Borrower or any of its Subsidiaries that could have a
Material Adverse effect.

Section 3.2.           Authorization,
Validity and Enforceability. 
This Amendment has been duly authorized, executed and delivered by the
Borrower and constitutes, and the Credit Agreement, and each of the other Loan
Documents, as amended by and through the date hereof, constitute, legal, valid
and binding obligations of the Borrower, enforceable against the Borrower in accordance
with their respective terms, except as the enforcement thereof may be limited
by applicable bankruptcy, insolvency or similar laws affecting the enforcement
of rights of creditors generally and except to the extent that enforcement of
rights and remedies set forth therein may be limited by equitable principles
(regardless of whether enforcement is considered in a court of law or a
proceeding in equity).

Section 3.3.           Conditions
Precedent.  Prior to or
concurrently with the execution of this Amendment, and as a condition to the
obligation of the Credit Parties to execute this Amendment:

 3
 

(a)           The Administrative
Agent shall have received a certificate, dated the Fourth Amendment Closing
Date, of the Secretary of the Borrower:

(i)              attaching a true
and complete copy of the resolutions of its Board of Directors and of all other
documents evidencing all necessary corporate action (in form and substance
satisfactory to the Administrative Agent) taken to authorize the execution,
delivery and performance of this Amendment and each of the other documents and
instruments contemplated hereby;

(ii)            setting forth the
incumbency of its officers who are authorized to and who sign this Amendment,
including therein a signature specimen of such officers; and

(iii)           attaching a
certificate of good standing of the Secretary of State of the jurisdiction of
its formation.

(b)           The Credit Parties
shall have received all fees and other amounts due and payable to the Credit
Parties, and their respective Affiliates, under the Credit Agreement, the other
Loan Documents or any separate letter agreement or other arrangement(s) among
the Borrower and the Administrative Agent and Syndication Agent to the extent
that such fees or other amounts are payable on or prior to the Fourth Amendment
Closing Date, including, to the extent invoiced with reasonable detail,
reimbursement or payment of the fees and disbursements of Special Counsel and
all other out-of-pocket expenses required to be reimbursed or paid by the
Borrower hereunder.

(c)           The Administrative
Agent shall have received a waiver executed by the Borrower and NML under the
Subordinated Note and Warrant Purchase Agreement, dated January 18, 2002, as
amended, between the Borrower and NML in form and substance satisfactory to the
Administrative Agent.

(d)           No injunction,
writ, restraining order, or other order of any nature prohibiting, directly or
indirectly, the consummation of the transactions contemplated herein or by the
other Loan Documents shall have been issued by any Governmental Authority
against the Borrower, the Administrative Agent or any Lender.

(e)           The Administrative
Agent shall have received all other information and documents which the
Administrative Agent or its counsel may reasonably have requested in connection
with the transactions contemplated by this Amendment, such information and
documents where appropriate to be certified by one of the Borrower’s officers
or a Governmental Authority.

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ARTICLE
IV

MISCELLANEOUS PROVISIONS

Section 4.1.           Survival.  Except as expressly provided herein,
this Amendment does not constitute a waiver of or amendment to any provision of
the Existing Credit Agreement or any of the other Loan Documents and does not
affect any other term, condition or provision of the Existing Credit Agreement
or any of the other Loan Documents, each of which shall continue in full force
and effect.

Section 4.2.           Governing
Law.  This Amendment and the
rights and obligations of the parties hereunder shall be construed in
accordance with and be governed by the laws of the State of New York (without
giving effect to the principles thereof relating to conflicts of law).

Section 4.3.           Counterparts.  This Amendment may be executed in any number
of counterparts and by the different parties hereto on separate counterparts,
including facsimile counterparts, each of which when so executed and delivered
shall be an original, but all of which shall together constitute one and the
same instrument.

Section 4.4.           Headings.  The headings of the several Articles,
Sections and subsections of this Amendment are inserted for convenience only
and shall not in any way affect the meaning or construction of any provision of
this Amendment.

 

[Signature pages follow]

 5

IN WITNESS WHEREOF, the
parties hereto have caused their duly authorized officers to execute and
deliver this Amendment as of the date first above written.

 

	
  

  	
  MONITRONICS INTERNATIONAL, INC.

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Stephen M.
  Hedrick

  	
   

  
	
   

  	
   

  	
  Name: Stephen M. Hedrick

  
	
   

  	
   

  	
  Title: Vice President - Finance

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  BANK OF AMERICA, N.A.,

  
	
   

  	
  as Administrative Agent

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ William
  Faidell, Jr.

  	
   

  
	
   

  	
   

  	
  Name: William Faidell, Jr.

  
	
   

  	
   

  	
  Title: Assistant Vice President

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  BANK OF AMERICA, N.A.,

  
	
   

  	
  as Syndication Agent and Lender

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ John F.
  Lynch

  	
   

  
	
   

  	
   

  	
  Name: John F. Lynch

  
	
   

  	
   

  	
  Title: Senior Vice President

  

 

 

[Counterpart signature
pages of Lenders follow]Exhibit 10.2

	
  

  

 

 

 

 

 

 

MONITRONICS INTERNATIONAL, INC.

 

 

________________________

 

WAIVER
AGREEMENT

Dated as of March 29,
2007

As To

SUBORDINATED NOTE AND
WARRANT PURCHASE AGREEMENT

Dated as of January 18, 2002

 

________________________

 

Re:  14.5% Subordinated Notes due March 1, 2010

and

Warrants

 

 

 

 

	
  

  

 

 1

WAIVER AGREEMENT

This Waiver Agreement (the “Agreement”) dated as of
March 29, 2007 is made by and between Monitronics International, Inc. (the “Company”)
and The Northwestern Mutual Life Insurance Company (“NML”).

RECITALS:

A.            The
Company and NML have entered into a Subordinated Note and Warrant Purchase
Agreement dated as of January 18, 2002 (as amended, the “Purchase Agreement;”
terms defined in the Purchase Agreement which are used herein shall have the
same meaning as are set forth in the Purchase Agreement for such terms unless
otherwise defined herein).

B.            The
Company has requested that NML waive certain provisions of the Purchase
Agreement and NML is willing to grant such a waiver, but only on the terms set
forth in this Agreement.

AGREEMENT:

In consideration of the recitals set forth above, the
terms contained herein, and other good and valuable consideration, the receipt
and sufficiency of which are hereby acknowledged, the parties hereto agree as
follows:

1.             Waiver.  NML hereby waives the Company’s obligations
under Section 7.02(k) of the Purchase Agreement to limit the amount of Capital
Expenditures made by the Company and its Subsidiaries during the Company’s
fiscal year ending June 30, 2007, provided that the aggregate amount of Capital
Expenditures made by the Company and its Subsidiaries during the Company’s
fiscal year ending June 30, 2007 does not exceed $8,500,000 and the Company may
carry forward any permitted but unused Capital Expenditures from the fiscal
year ended June 30, 2007 to the fiscal year ended June 30, 2008.

2.             Representations
and Warranties.  The
Company represents and warrants that: (A) the execution and delivery by the
Company of this Agreement (1) are within its corporate powers, (2) have been
duly authorized, (3) are not in contravention of the terms of its constitutive
documents, or of any contract, instrument, indenture or other agreement or
undertaking to which it is a party or by which it or any of its property is
bound or any law, judgment, decree or order applicable to it, and (4) do not
require any governmental consent, registration or approval or any filing with
or notice to any governmental entity or other third party; (B) this Agreement,
and the Purchase Agreement as modified hereby, constitute the legal, valid and
binding obligation of the Company, enforceable against the Company in
accordance with their respective terms, except as such enforceability may be
limited by (1) bankruptcy, insolvency, reorganization or other similar laws
affecting the enforcement of creditors’ rights generally and (2) general
principles of equity (regardless of whether such enforceability is considered
in a proceeding in equity or at law); (C) since June 30, 2006, there has been
no change in the assets or liabilities or in the financial or other condition
of the Company or any of 

 2
 

its Subsidiaries that could reasonably be expected to
have a Material Adverse Effect; and (D) as of the date hereof (and, after
giving effect hereto) there exists no Default or Event of Default.

4.             Miscellaneous.

4A.          Ratification.  The Company each hereby ratifies, approves
and reaffirms the provisions set forth in the Purchase Agreement, and, except
as expressly modified hereby, the Purchase Agreement remains in full force and
effect.

4B.          No
Further Waiver.  Except
as specifically stated herein, the execution, delivery and effectiveness of
this Agreement shall not operate as a waiver of any right, power or remedy of
NML, nor constitute an amendment or waiver of, or consent to any departure
from, any provision of the Purchase Agreement or any other document, instrument
or agreement executed or delivered in connection therewith.

4C.          Fees.  The Company agrees to pay on demand all costs
and expenses of NML in connection with the preparation, execution and delivery
of this Agreement and any and all other instruments and documents delivered
hereunder.

4D.          Governing
Law.  This Agreement
shall be construed and enforced in accordance with, and the rights of the
parties shall be governed by, the law of the State of New York.

4E.          Headings.  Section headings in this Agreement are
included herein for convenience of reference only and shall not constitute a
part of this Agreement for any other purpose.

4F.          Counterparts.  This Agreement may be executed by one or more
of the parties to this Agreement on any number of separate counterparts and all
of said counterparts taken together shall be deemed to constitute one and the
same instrument. Delivery by any party of telecopied copies of executed
counterparts hereof shall constitute execution and delivery hereof by such
party.

[Signature
page follows]

 3
 

IN
WITNESS WHEREOF, this Agreement has been duly executed as of
the day and year first above written.

	
  

  	
  MONITRONICS INTERNATIONAL, INC.

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
  /s/ Stephen M. Hedrick

  
	
   

  	
   

  	
  Name: Stephen M.
  Hedrick

  
	
   

  	
   

  	
  Title: Vice
  President - Finance

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  THE NORTHWESTERN
  MUTUAL LIFE

  
	
   

  	
  INSURANCE
  COMPANY

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
  /s/ Mark Kishler

  
	
   

  	
   

  	
  Name: Mark
  Kishler

  
	
   

  	
   

  	
  Title: Its
  Authorized Representative

  
	
   

  	
   

  	
   

  

 

[Signature Page to Waiver
Agreement]

 4

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