Document:

Exhibit 4.1

 

AMENDMENT NO. 11 TO CREDIT AGREEMENT

(1999 Credit Agreement)

 

This AMENDMENT
NO. 11 TO CREDIT AGREEMENT, effective as of April 30, 2003 (this “Agreement”),
is entered into by and among INTERDENT SERVICE CORPORATION, a Washington
corporation (the “Borrower”), INTERDENT, INC., a Delaware corporation
(the “Guarantor”), the Administrative Agent (as hereinafter defined),
the Syndication Agent (as hereinafter defined) and the Lenders (as hereinafter
defined).

 

RECITALS

 

A.                                   Reference
is hereby made to that certain Amended and Restated Credit Agreement dated as
of June 15, 1999 (as heretofore amended and as may be further amended, modified
or supplemented from time to time the “Credit Agreement”), among the
Borrower, the Guarantor, the financial institutions from time to time party
thereto  (collectively,
the “Lenders”), BNY Asset Solutions LLC, successor to Union Bank of
California, N.A., as administrative agent for the Lenders (in such capacity,
the “Administrative Agent”), and JPMorgan Chase Bank, formerly known as
The Chase Manhattan Bank, as syndication agent for the Lenders (in such
capacity, the “Syndication Agent”).

 

B.                                     The
Borrower has requested that the Lenders modify the principal payment due on
April 30, 2003 under the Credit Agreement.

 

C.                                     The
Lenders have agreed to the modification requested by the Borrower on the terms
and subject to the conditions set forth herein.

 

AGREEMENT

 

NOW,
THEREFORE, the Borrower, the Guarantor, the Lenders and Agents hereby agree as
follows:

 

SECTION 1.                                DEFINED TERMS.  Capitalized terms used herein and not
defined shall have the respective meanings assigned to such terms in the Credit
Agreement.

 

SECTION 2.                                AMENDMENT OF CREDIT AGREEMENT.

 

2.1                                 The definition of “Interest Margin”
set forth in Section 1 of the Credit Agreement shall be amended and restated to
read in its entirety as follows:

 

“Interest Margin” shall mean, effective on the Eighth Amendment Date,
with respect to any Eurodollar Loan, 7.50% or, with respect to any Alternative
Base Loan, 5.75% plus in each case the PIK Interest Rate.  Notwithstanding the foregoing,
(a) effective on October 1, 2002, each of the foregoing Interest Margins
shall be increased by 1.00%, and (b) effective during the period April 1,
2003, to and including May 9, 2003, each of the foregoing Interest Margins
shall be further increased by 2.00%.

 

 

2.2                                 Section 1 of the Credit Agreement
shall be amended to include the definition of “Eleventh Amendment Seller
Payment Amount” and shall read as follows:

 

“Eleventh Amendment Seller Payment Amount” shall mean an amount not to
exceed $192,000.

 

2.3                                 Section 1 of the Credit Agreement
shall be amended to include the definition of “Eleventh Amendment Date” and
shall read as follows:

 

“Eleventh Amendment Date” shall mean April 30, 2003.

 

2.4                                 The last paragraph of Section
2.02(e) of the Credit Agreement shall be amended and restated to read in its
entirety as follows:

 

Notwithstanding the preceding provisions of
this Section 2.02(e), or anything in this Agreement or the other Loan Documents
to the contrary, as of the Eleventh Amendment Date, the Borrower shall no
longer have the right to (x) convert all or any portion of any Eurodollar Loan
into an Alternate Base Loan, (y) convert the Interest Period with respect to
all or any portion of any Eurodollar Loan to any other Interest Period, or (z)
continue all or any portion of any Eurodollar Loans into a subsequent Interest
Period.  As of the last day of each
Interest Period applicable to any Eurodollar Loan which is outstanding as of
the Tenth Amendment Date, such Eurodollar Loan shall automatically be converted
into an Alternate Base Loan without any further act or conduct on the part of
Borrower.

 

2.5                                 The payment specified to be made on
April 30, 2003 in Section 2.04(c) of the Credit Agreement in the amount of
$5,983,026.87 is hereby deleted, and the following is inserted in lieu thereof:

 

	
  May 9, 2003

  	
   

  	
  $

  	
  5,983,026.87

  	
   

  

 

2.6                                 Section 7.17(a) of the Credit
Agreement shall be amended and restated to read in its entirety as follows:

 

SECTION 7.17                    Payment, Prepayment
or Modification of Indebtedness; Modification of Charter Documents, etc.
(a)  Make any cash payment(s) or remit
other consideration, directly or indirectly, in respect of any Subordinated
Indebtedness, other than payments in respect of Seller Notes and Earnout
Arrangements in an aggregate amount not to exceed the Eleventh Amendment Seller
Payment Amount, or directly or indirectly prepay, redeem, purchase or retire
any Indebtedness, including, without limitation, any Subordinated Indebtedness,
other than Indebtedness incurred hereunder and under the 2000 Credit Agreement
on a pro rata basis, provided the Convertible Subordinated Notes may be
retired upon conversion thereof, in accordance with their terms.

 

2.7                                 Section 7.21 of the Credit Agreement
shall be amended and restated to read in its entirety as follows:

 

2

 

SECTION 7.21                    Payments to
Potential Investors.  During the
period of April 1, 2003, to and including May 9, 2003, pay any deal fee, break-up
fee, or other fee or compensation of any kind on behalf of any Loan Party to,
or for the benefit of, any person investing, or considering or committing to
invest, in any Loan Party, in each case without the express prior written
consent of the Required Lenders.

 

2.8                                 Article VIII, (g) and (o) of the
Credit Agreement shall be amended by adding at the end of (g) and (o) the
following: “provided, however, that during the period of April
29, 2003, to and including May 9, 2003, the failure of any Loan Party to pay
any Seller Note or earn-out arrangement shall not constitute an Event of
Default, provided, and only if, any such failure does not
trigger, or otherwise result in, a default or event of default under the
Convertible Subordinated Notes and Senior Subordinated Note;”

 

SECTION 3.                                CONDITIONS
PRECEDENT.  This Agreement shall
become effective upon (i) the execution and delivery of counterparts
hereof by the Borrower, the Guarantor, each Lender and the Agents and (ii) the
execution and delivery of counterparts of the Amendment No. 8 to the 2000
Credit Agreement, dated of even date herewith, by the Borrower, the Guarantor,
each Lender (as that term is defined in the 2000 Credit Agreement) and the
Agents under the 2000 Credit Agreement.

 

SECTION 4.                                CONFIRMATION OF LOAN DOCUMENTS.  Each of the Borrower and Guarantor, by its
execution and delivery of this Agreement, irrevocably and unconditionally
confirms in favor of the Agents and each of the Lenders that each Loan Document
to which it is a party shall continue in full force and effect in accordance
with its terms and is and shall continue to be applicable to all of the
Obligations, except as expressly modified hereby.

 

SECTION 5.                                MISCELLANEOUS.

 

In order to further induce the Agents and
each of the Lenders to enter into this Agreement, each of the Borrower and the
Guarantor, by its execution of a counterpart of this Agreement, reaffirms and
restates the representations and warranties set forth in Article IV of the
Credit Agreement and by such reaffirmation and restatement represents and
warrants that all such representations and warranties are and shall be true and
correct in all material respects on and as of the date hereof (except insofar
as such representations and warranties relate expressly to an earlier date).

 

5.1                                 To further induce the Agents and
each of the Lenders to enter into this Agreement, each of the Borrower and
Guarantor, by its execution of a counterpart of this Agreement, represents and
warrants (which representations and warranties shall survive the execution and
delivery hereof) to the Agents and each of the Lenders that:

 

(a)                                  It has the corporate power and authority to execute, deliver
and carry out the terms and provisions of this Agreement and the transactions
contemplated hereby and has taken or caused to be taken all necessary corporate
action to authorize the execution, delivery and performance of this Agreement
and the transactions contemplated hereby;

 

(b)                                 No consent of any other person (including, without
limitation, stockholders or creditors of the Borrower or the Guarantor), and no
action of, or filing

 

3

 

with any governmental or public body or authority is
required to authorize, or is otherwise required in connection with the
execution, delivery and performance of this Agreement;

 

(c)                                  This Agreement has been duly executed and delivered on behalf
of each of the Borrower and the Guarantor by a duly authorized officer,
respectively, and constitutes a legal, valid and binding obligation of the
Borrower and the Guarantor enforceable in accordance with its terms, subject to
bankruptcy, reorganization, insolvency, moratorium and other similar laws
affecting the enforcement of creditors’ rights generally and the exercise of
judicial discretion in accordance with general principles of equity;

 

(d)                                 The execution, delivery and performance of this Agreement
will not violate any law, statute or regulation, or any order or decree of any
court or governmental instrumentality, or conflict with, or result in the
breach of, or constitute a default under any contractual obligation of the
Borrower or the Guarantor;

 

(e)                                  There exists no Default or Event of Default; and

 

(f)                                    No Loan Party is in default, and no event of default has
occurred, under any contract, agreement, license, lease, commitment or
arrangement which results, would result or is reasonably likely to result, in a
Material Adverse Effect.

 

5.2                                 Except as herein expressly amended,
the Credit Agreement is ratified and confirmed in all respects and shall remain
in full force and effect in accordance with its terms, including, without
limitation, the provisions set forth in Section 11.04 of the Credit Agreement.

 

5.3                                 All references to the Credit
Agreement contained in the Credit Agreement and the other Loan Documents and
the other documents and instruments delivered pursuant to or in connection
therewith shall mean the Credit Agreement, as may in the future be amended,
restated, supplemented or modified from time to time.

 

5.4                                 This Agreement may be executed by
the parties hereto individually or in combination, in one or more counterparts,
each of which shall be an original and all of which shall constitute one and
the same agreement.

 

5.5                                 Delivery of an executed counterpart
of a signature page to this Agreement by telecopier shall be effective as
delivery of a manually executed counterpart of this Agreement, provided however
that the foregoing does not excuse the duty of each party to deliver a manually
executed counterpart of a signature page to this Agreement.

 

5.6                                 THIS AGREEMENT
CONSENT SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH,
THE LAWS OF THE STATE OF NEW YORK WITHOUT REGARD TO CHOICE OR CONFLICT OF LAW
PRINCIPLES THEREOF.

 

5.7                                 The parties hereto shall, at any
time and from time to time following the execution of this Agreement, execute
and deliver all such further instruments, including

 

4

 

amendments to other
Loan Documents, and take all such further actions as may be reasonably
necessary or appropriate in order to carry out the provisions of this
Agreement.

 

[Continued on Next Page]

 

5

 

IN WITNESS
WHEREOF, the Borrower, Guarantor, the Agents, and the Lenders have caused this
Agreement to be duly executed by their respective authorized officers as of the
day and year first above written.

 

	
   

  	
   

  	
  INTERDENT
  SERVICE CORPORATION, as

  the Borrower

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/ ROBERT
  HILL

  	
   

  
	
   

  	
   

  	
  Name:

  	
  Robert Hill

  	
   

  
	
   

  	
   

  	
  Title:

  	
  President

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  INTERDENT,
  INC., as the Guarantor

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/ ROBERT
  HILL

  	
   

  
	
   

  	
   

  	
  Name:

  	
  Robert Hill

  	
   

  
	
   

  	
   

  	
  Title:

  	
  Vice
  President

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Lenders and
  Agents:

  	
   

  	
  BNY ASSET
  SOLUTIONS LLC, as Administrative

  Agent

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/ LOREE
  CONRAD

  	
   

  
	
   

  	
   

  	
  Name:

  	
  Loree Conrad

  	
   

  
	
   

  	
   

  	
  Title:

  	
  Managing
  Director

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  U.S. BANK
  NATIONAL ASSOCIATION, as

  a Lender

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/ DANIEL
  FALSTAD

  	
   

  
	
   

  	
   

  	
  Name:

  	
  Daniel J.
  Falstad

  	
   

  
	
   

  	
   

  	
  Title:

  	
  Vice
  President

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  FLEET
  CAPITAL CORPORATION, as a

  Lender

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/ KALI
  RAMACHANDRAN

  	
   

  
	
   

  	
   

  	
  Name:

  	
  Kali
  Ramachandran

  	
   

  
	
   

  	
   

  	
  Title:

  	
  Vice
  President

  	
   

  
							

 

6

 

	
   

  	
   

  	
  JPMORGAN
  CHASE BANK, formerly known

  as THE CHASE MANHATTAN BANK, as

  Syndication Agent and as a Lender

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/ BILLIE
  J. PRUE

  	
   

  
	
   

  	
   

  	
  Name:

  	
  Billie J.
  Prue

  	
   

  
	
   

  	
   

  	
  Title:

  	
  Vice
  President

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  B III-A
  CAPITAL PARTNERS, L.P.

  By: GP Capital III-A, LLC, its General Partner

  By: DDJ Capital Management, LLC, Manager,

  as a Lender

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/ JUDY K.
  MENCHER

  	
   

  
	
   

  	
   

  	
  Name:

  	
  Judy K. Mencher

  	
   

  
	
   

  	
   

  	
  Title:

  	
  Member

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  B IV CAPITAL
  PARTNERS, L.P.

  By: GP Capital IV, LLC, its General Partner

  By: DDJ Capital Management, LLC, Manager,

  as a Lender

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/ JUDY K.
  MENCHER

  	
   

  
	
   

  	
   

  	
  Name:

  	
  Judy K.
  Mencher

  	
   

  
	
   

  	
   

  	
  Title:

  	
  Member

  	
   

  
						

 

7

 

	
   

  	
   

  	
  STATE STREET
  BANK & TRUST, solely in

  its capacity as Custodian for General Motors

  Employees Global Group Pension Trust as

  directed by DDJ Capital Management, LLC,

  and not in its individual capacity, as a Lender

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/ JOSEPH
  GESTER

  	
   

  
	
   

  	
   

  	
  Name:

  	
  Joseph
  Gester

  	
   

  
	
   

  	
   

  	
  Title:

  	
  Assistant
  Vice President

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  PLEASANT
  STREET INVESTORS, LLC, as a Lender

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/ STEVE
  HARTMAN

  	
   

  
	
   

  	
   

  	
  Name:

  	
  Steve
  Hartman

  	
   

  
	
   

  	
   

  	
  Title:

  	
   

  	
   

  
							

 

8Exhibit 4.2

 

AMENDMENT NO. 8 TO CREDIT AGREEMENT

(2000 Credit Agreement)

 

This AMENDMENT
NO. 8 TO CREDIT AGREEMENT, effective as of April 30, 2003 (this “Agreement”),
is entered into by and among INTERDENT SERVICE CORPORATION, a Washington
corporation (the “Borrower”), INTERDENT, INC., a Delaware corporation
(the “Guarantor”), the Administrative Agent (as hereinafter defined),
the Syndication Agent (as hereinafter defined) and the Lenders (as hereinafter
defined).

 

RECITALS

 

A.                                   Reference
is hereby made to that certain Amended and Restated Credit Agreement dated as
of March 31, 2000 (as heretofore amended and as may be further amended,
modified or supplemented from time to time the “Credit Agreement”),
among the Borrower, the Guarantor, the financial institutions from time to time
party thereto  (collectively, the “Lenders”), BNY Asset Solutions
LLC, successor to Union Bank of California, N.A., as administrative agent for
the Lenders (in such capacity, the “Administrative Agent”), and JPMorgan
Chase Bank, formerly known as The Chase Manhattan Bank, as syndication agent
for the Lenders (in such capacity, the “Syndication Agent”).

 

B.                                     The
Borrower has requested that the Lenders modify the principal payment due on
April 30, 2003 under the Credit Agreement.

 

C.                                     The
Lenders have agreed to the modification requested by the Borrower on the terms
and subject to the conditions set forth herein.

 

AGREEMENT

 

NOW,
THEREFORE, the Borrower, the Guarantor, the Lenders and Agents hereby agree as
follows:

 

SECTION 1.                                DEFINED TERMS.  Capitalized terms used herein and not
defined shall have the respective meanings assigned to such terms in the Credit
Agreement.

 

SECTION 2.                                AMENDMENT OF CREDIT AGREEMENT.

 

2.1                                 The definition of “Interest Margin”
set forth in Section 1 of the Credit Agreement shall be amended and restated to
read in its entirety as follows:

 

“Interest Margin” shall mean, effective on the Fifth Amendment Date,
with respect to any Eurodollar Loan, 7.50% or, with respect to any Alternative
Base Loan, 5.75% plus in each case the PIK Interest Rate.  Notwithstanding the foregoing,
(a) effective on October 1, 2002, each of the foregoing Interest Margins
shall be increased by 1.00%, and (b) effective during the period April 1,
2003, to and including May 9, 2003, each of the foregoing Interest Margins
shall be further increased by 2.00%.

 

 

2.2                                 Section 1 of the Credit Agreement
shall be amended to include the definition of “Eighth Amendment Seller Payment
Amount” and shall read as follows:

 

“Eighth Amendment Seller Payment Amount” shall mean an amount not to
exceed $192,000.

 

2.3                                 Section 1 of the Credit Agreement
shall be amended to include the definition of “Eleventh Amendment Date” and
shall read as follows:

 

“Eighth Amendment Date” shall mean April 30, 2003.

 

2.4                                 The last paragraph of Section
2.02(e) of the Credit Agreement shall be amended and restated to read in its
entirety as follows:

 

Notwithstanding the preceding provisions of
this Section 2.02(e), or anything in this Agreement or the other Loan Documents
to the contrary, as of the Eighth Amendment Date, the Borrower shall no longer
have the right to (x) convert all or any portion of any Eurodollar Loan into an
Alternate Base Loan, (y) convert the Interest Period with respect to all or any
portion of any Eurodollar Loan to any other Interest Period, or (z) continue
all or any portion of any Eurodollar Loans into a subsequent Interest
Period.  As of the last day of each
Interest Period applicable to any Eurodollar Loan which is outstanding as of
the Seventh Amendment Date, such Eurodollar Loan shall automatically be
converted into an Alternate Base Loan without any further act or conduct on the
part of Borrower.

 

2.5                                 The payment specified to be made on
April 30, 2003 in Section 2.04(c) of the Credit Agreement in the amount of
$731,258.84 is hereby deleted, and the following is inserted in lieu thereof:

 

	
  May 9, 2003

  	
   

  	
  $

  	
  731,258.84

  	
   

  

 

2.6                                 Section 7.17(a) of the Credit
Agreement shall be amended and restated to read in its entirety as follows:

 

SECTION 7.17                    Payment,
Prepayment or Modification of Indebtedness; Modification of Charter Documents,
etc. (a)  Make any cash payment(s)
or remit other consideration, directly or indirectly, in respect of any
Subordinated Indebtedness, other than payments in respect of Seller Notes and
Earnout Arrangements in an aggregate amount not to exceed the Eighth Amendment
Seller Payment Amount, or directly or indirectly prepay, redeem, purchase or
retire any Indebtedness, including, without limitation, any Subordinated
Indebtedness, other than Indebtedness incurred hereunder and under the 1999
Credit Agreement on a pro rata basis, provided the Convertible
Subordinated Notes may be retired upon conversion thereof, in accordance with
their terms.

 

2.7                                 Section 7.21 of the Credit Agreement
shall be amended and restated to read in its entirety as follows:

 

2

 

SECTION 7.21                     Payments
to Potential Investors.  During the
period of April 1, 2003, to and including May 9, 2003, pay any deal fee,
break-up fee, or other fee or compensation of any kind on behalf of any Loan
Party to, or for the benefit of, any person investing, or considering or
committing to invest, in any Loan Party, in each case without the express prior
written consent of the Required Lenders.

 

2.8                                 Article VIII, (g) and (o) of the
Credit Agreement shall be amended by adding at the end of (g) and (o) the
following: “provided, however, that during the period of April
29, 2003, to and including May 9, 2003, the failure of any Loan Party to pay
any Seller Note or earn-out arrangement shall not constitute an Event of
Default, provided, and only if, any such failure does not
trigger, or otherwise result in, a default or event of default under the
Convertible Subordinated Notes and Senior Subordinated Note;”

 

SECTION 3.                                CONDITIONS PRECEDENT.  This Agreement shall become effective upon
(i) the execution and delivery of counterparts hereof by the Borrower, the
Guarantor, each Lender and the Agents and (ii) the execution and delivery of
counterparts of the Amendment No. 11 to the 1999 Credit Agreement, dated of
even date herewith, by the Borrower, the Guarantor, each Lender (as that term
is defined in the 1999 Credit Agreement) and the Agents under the 1999 Credit
Agreement.

 

SECTION 4.                                CONFIRMATION OF LOAN DOCUMENTS.  Each of the Borrower and Guarantor, by its
execution and delivery of this Agreement, irrevocably and unconditionally
confirms in favor of the Agents and each of the Lenders that each Loan Document
to which it is a party shall continue in full force and effect in accordance
with its terms and is and shall continue to be applicable to all of the
Obligations, except as expressly modified hereby.

 

SECTION 5.                                MISCELLANEOUS.

 

In order to further induce the Agents and
each of the Lenders to enter into this Agreement, each of the Borrower and the
Guarantor, by its execution of a counterpart of this Agreement, reaffirms and
restates the representations and warranties set forth in Article IV of the
Credit Agreement and by such reaffirmation and restatement represents and
warrants that all such representations and warranties are and shall be true and
correct in all material respects on and as of the date hereof (except insofar
as such representations and warranties relate expressly to an earlier date).

 

5.1                                 To further induce the Agents and
each of the Lenders to enter into this Agreement, each of the Borrower and
Guarantor, by its execution of a counterpart of this Agreement, represents and
warrants (which representations and warranties shall survive the execution and
delivery hereof) to the Agents and each of the Lenders that:

 

(a)                                  It has the corporate power and authority to execute, deliver
and carry out the terms and provisions of this Agreement and the transactions
contemplated hereby and has taken or caused to be taken all necessary corporate
action to authorize the execution, delivery and performance of this Agreement
and the transactions contemplated hereby;

 

(b)                                 No consent of any other person (including, without
limitation, stockholders or creditors of the Borrower or the Guarantor), and no
action of, or filing

 

3

 

with any governmental or public body or authority is
required to authorize, or is otherwise required in connection with the
execution, delivery and performance of this Agreement;

 

(c)                                  This Agreement has been duly executed and delivered on behalf
of each of the Borrower and the Guarantor by a duly authorized officer,
respectively, and constitutes a legal, valid and binding obligation of the
Borrower and the Guarantor enforceable in accordance with its terms, subject to
bankruptcy, reorganization, insolvency, moratorium and other similar laws
affecting the enforcement of creditors’ rights generally and the exercise of
judicial discretion in accordance with general principles of equity;

 

(d)                                 The execution, delivery and performance of this Agreement
will not violate any law, statute or regulation, or any order or decree of any
court or governmental instrumentality, or conflict with, or result in the
breach of, or constitute a default under any contractual obligation of the
Borrower or the Guarantor;

 

(e)                                  There exists no Default or Event of Default; and

 

(f)                                    No Loan Party is in default, and no event of default has
occurred, under any contract, agreement, license, lease, commitment or
arrangement which results, would result or is reasonably likely to result, in a
Material Adverse Effect.

 

5.2                                 Except as herein expressly amended,
the Credit Agreement is ratified and confirmed in all respects and shall remain
in full force and effect in accordance with its terms, including, without
limitation, the provisions set forth in Section 11.04 of the Credit Agreement.

 

5.3                                 All references to the Credit
Agreement contained in the Credit Agreement and the other Loan Documents and
the other documents and instruments delivered pursuant to or in connection
therewith shall mean the Credit Agreement, as may in the future be amended,
restated, supplemented or modified from time to time.

 

5.4                                 This Agreement may be executed by
the parties hereto individually or in combination, in one or more counterparts,
each of which shall be an original and all of which shall constitute one and
the same agreement.

 

5.5                                 Delivery of an executed counterpart
of a signature page to this Agreement by telecopier shall be effective as
delivery of a manually executed counterpart of this Agreement, provided however
that the foregoing does not excuse the duty of each party to deliver a manually
executed counterpart of a signature page to this Agreement.

 

5.6                                 THIS AGREEMENT
CONSENT SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH,
THE LAWS OF THE STATE OF NEW YORK WITHOUT REGARD TO CHOICE OR CONFLICT OF LAW
PRINCIPLES THEREOF.

 

5.7                                 The parties hereto shall, at any
time and from time to time following the execution of this Agreement, execute
and deliver all such further instruments, including

 

4

 

amendments to other
Loan Documents, and take all such further actions as may be reasonably
necessary or appropriate in order to carry out the provisions of this
Agreement.

 

[Continued on Next Page]

 

5

 

IN WITNESS
WHEREOF, the Borrower, Guarantor, the Agents, and the Lenders have caused this
Agreement to be duly executed by their respective authorized officers as of the
day and year first above written.

 

	
   

  	
   

  	
  INTERDENT
  SERVICE CORPORATION, as

  the Borrower

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/ ROBERT
  HILL

  	
   

  
	
   

  	
   

  	
  Name:

  	
  Robert Hill

  	
   

  
	
   

  	
   

  	
  Title:

  	
  President

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  INTERDENT,
  INC., as the Guarantor

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/ ROBERT
  HILL

  	
   

  
	
   

  	
   

  	
  Name:

  	
  Robert Hill

  	
   

  
	
   

  	
   

  	
  Title:

  	
  Vice
  President

  	
   

  
	
   

  	
   

  	
   

  
	
  Lenders and
  Agents:

  	
   

  	
  BNY ASSET
  SOLUTIONS LLC, as Administrative

  Agent

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/ LOREE
  CONRAD

  	
   

  
	
   

  	
   

  	
  Name:

  	
  Loree Conrad

  	
   

  
	
   

  	
   

  	
  Title:

  	
  Managing
  Director

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  JPMORGAN
  CHASE BANK, formerly known

  as THE CHASE MANHATTAN BANK, as

  Syndication Agent and as a Lender

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/ BILLIE
  J. PRUE

  	
   

  
	
   

  	
   

  	
  Name:

  	
  Billie J.
  Prue

  	
   

  
	
   

  	
   

  	
  Title:

  	
  Vice
  President

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  B IV CAPITAL
  PARTNERS, L.P.

  By: GP Capital IV, LLC, its General Partner

  By: DDJ Capital Management, LLC, Manager,

  as a Lender

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/ JUDY K.
  MENCHER

  	
   

  
	
   

  	
   

  	
  Name:

  	
  Judy K.
  Mencher

  	
   

  
	
   

  	
   

  	
  Title:

  	
  Member

  	
   

  
						

 

6

 

	
   

  	
   

  	
  PLEASANT
  STREET INVESTORS, LLC,

  as a Lender

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/ STEVE
  HARTMAN

  	
   

  
	
   

  	
   

  	
  Name:

  	
  Steve
  Hartman

  	
   

  
	
   

  	
   

  	
  Title:

  	
   

  	
   

  
						

 

7

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00052-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00052-of-00352.parquet"}]]