Document:

EX-10.4

 

Exhibit 10.4

TRADEMARK LICENSE AGREEMENT

dated as of March 21, 2007

between

GSCP (NJ), L.P.

and

GSC Investment Corp.

 

 

TABLE OF CONTENTS

________________

	 	 	 	 	 	 	 
	 	 	 	 	Page	 
	 
	 	 	 	 	 	 
	Article 1

	Definitions

	 
	 	 	 	 	 	 
	Section 1.01.
	 	Definitions	 	 	1	 
	Section 1.02.
	 	Other Definitional and Interpretative Provisions	 	 	2	 
	 
	 	 	 	 	 	 
	Article 2

	Grant of
License

	 
	 	 	 	 	 	 
	Section 2.01.
	 	Grant of License	 	 	3	 
	 
	 	 	 	 	 	 
	Article 3

	Ownership of
Proprietary
Rights

	 
	 	 	 	 	 	 
	Section 3.01.
	 	Ownership of Proprietary Rights	 	 	3	 
	 
	 	 	 	 	 	 
	Article 4

	Use of
Licensed Marks
by Licensee

	 
	 	 	 	 	 	 
	Section 4.01.
	 	Form of Use	 	 	3	 
	Section 4.02.
	 	Quality Supervision	 	 	4	 
	 
	 	 	 	 	 	 
	Article 5

	Infringement of
Proprietary
Rights

	 
	 	 	 	 	 	 
	Section 5.01.
	 	Infringement of Proprietary Rights	 	 	4	 
	Section 5.02.
	 	Third-Party Actions	 	 	4	 
	Section 5.03.
	 	Action by Licensor	 	 	4	 
	 
	 	 	 	 	 	 
	Article 6

	Indemnity,
Limitation
of Liability

	 
	 	 	 	 	 	 
	Section 6.01.
	 	Licensee’s Indemnity	 	 	5	 
	Section 6.02.
	 	Licensor’s Indemnity	 	 	5	 
	Section 6.03.
	 	Disclaimer	 	 	5	 
	Section 6.04.
	 	Limitation of Liability	 	 	5	 
	 
	 	 	 	 	 	 
	Article 7

	Termination

	 
	 	 	 	 	 	 
	Section 7.01.
	 	Termination by Licensor	 	 	5	 
	Section 7.02.
	 	Effect of Termination; Survival	 	 	6	 
	Section 7.03.
	 	Preservation of Remedies	 	 	6	 
	 
	 	 	 	 	 	 

 

 

	 	 	 	 	 	 	 
	 	 	 	 	Page	 
	Article 8

	General

	 
	 	 	 	 	 	 
	Section 8.01.
	 	Cooperation	 	 	6	 
	Section 8.02.
	 	Binding Effect; Benefit	 	 	7	 
	Section 8.03.
	 	Assignment	 	 	7	 
	Section 8.04.
	 	Severability	 	 	7	 
	Section 8.05.
	 	Amendments; Waivers	 	 	7	 
	Section 8.06.
	 	Expenses	 	 	7	 
	Section 8.07.
	 	Notices	 	 	7	 
	Section 8.08.
	 	Governing Law	 	 	8	 
	Section 8.09.
	 	Jurisdiction	 	 	8	 
	Section 8.10.
	 	Waiver of Jury Trial	 	 	9	 
	Section 8.11.
	 	Counterparts; Third Party Beneficiaries	 	 	9	 
	Section 8.12.
	 	Entire Agreement	 	 	9	 

 ii 

 

 

TRADEMARK LICENSE AGREEMENT

     AGREEMENT dated March 21, 2007 between GSCP (NJ), L.P., a Delaware limited partnership, having
its principal office at 500 Campus Drive, Suite 220, Florham Park, New Jersey 07932 (“Licensor”)
and GSC Investment Corp., a Maryland corporation, having its principal office at 12 E.
49th Street, Suite 3200, New York, New York 10017 (“Licensee”).

W I T N E S S E T H :

     WHEREAS, the Licensee is a newly organized Maryland corporation that expects to file an
election to be treated as a business development company under the Investment Company Act of 1940,
as amended (the “Investment Company Act”) and to elect to be taxable as a regulated investment
company commencing with its taxable year ending December 31, 2007.

     WHEREAS, Licensor and Licensee are party to an investment advisory and management agreement
dated as of March 21, 2007 (the “Investment Management Agreement”) pursuant to which Licensor will
provide investment advisory services to Licensee; and

     WHEREAS, Licensee desires to obtain, and Licensor is willing to grant, certain rights to
enable Licensee to use certain of Licensor’s marks for such time as Licensor or any of its
Affiliates shall act as investment advisor of Licensee’s assets (“Manager”) pursuant to the
Investment Management Agreement.

     NOW, THEREFORE, in consideration of the mutual undertakings in this Agreement, the parties
agree as follows:

ARTICLE 1

Definitions

     Section 1.01. Definitions. The following terms, as used herein, have the following meanings:

     “Affiliate” means a person that directly, or indirectly through one or more intermediaries,
controls or is controlled by, or is under common control with, the person specified.

     “Business” means the business of Licensee and its Subsidiaries as conducted at any time.

     “Licensed Marks” means the Proprietary Marks and the Proprietary Logos and such other marks of
Licensor that Licensor shall have specifically authorized Licensee in writing to use pursuant to a
written notice acknowledged by Licensee in the form of Exhibit A hereto.

 

 

     “Promotional Material” means all material used in the promotion of, or otherwise in connection
with, the Business (whether written or recorded in any other medium) and includes artwork,
advertising materials (irrespective of the medium in which they are recorded), display materials,
packaging materials, brochures, posters and internal and external signage.

     “Proprietary Logos” means the Proprietary Marks, consisting of designs and logos, of Licensor
set forth in Schedule A hereto.

     “Proprietary Marks” means the proprietary marks of Licensor, consisting of the names “GSC” and
“GSC Partners.”

     “Subsidiary” means any entity of which securities or other ownership interests having ordinary
voting power to elect a majority of the board of directors or other persons performing similar
functions are at any time directly or indirectly owned by Licensee.

     “Term” means the period commencing on the date of this Agreement and ending on the date of
termination in accordance with Article 7 of this Agreement or the date of termination or expiration
of the Investment Management Agreement (whichever occurs first).

     Section 1.02. Other Definitional and Interpretative Provisions. Unless specified otherwise,
in this Agreement the obligations of any party consisting of more than one person are joint and
several. The words “hereof,” “herein” and “hereunder” and words of like import used in this
Agreement shall refer to this Agreement as a whole and not to any particular provision of this
Agreement. The captions herein are included for convenience of reference only and shall be ignored
in the construction or interpretation hereof. References to Articles, Sections, Exhibits and
Schedules are to Articles, Sections, Exhibits and Schedules of this Agreement unless otherwise
specified. All Exhibits and Schedules annexed hereto or referred to herein are hereby incorporated
in and made a part of this Agreement as if set forth in full herein. Any capitalized terms used in
any Exhibit or Schedule but not otherwise defined therein, shall have the meaning as defined in
this Agreement. Any singular term in this Agreement shall be deemed to include the plural, and any
plural term the singular. Whenever the words “include,” “includes” or “including” are used in this
Agreement, they shall be deemed to be followed by the words “without limitation,” whether or not
they are in fact followed by those words or words of like import. “Writing,” “written” and
comparable terms refer to printing, typing and other means of reproducing words (including
electronic media) in a visible form. References to any agreement or contract are to that agreement
or contract as amended, modified or supplemented from time to time in accordance with the terms
hereof and thereof. References to any Person include the successors and permitted assigns of that
Person.

2

 

     References from or through any date mean, unless otherwise specified, from and including or
through and including, respectively.

ARTICLE 2

Grant of License

     Section 2.01. Grant of License. Subject to the terms and conditions of this Agreement,
Licensor hereby grants to Licensee (i) a non-exclusive, non-transferable, royalty free right to
use the “GSC” trade name as part of its company name and (ii) a non-exclusive, non-transferable,
royalty free right to use the Licensed Marks for the duration of the Term on a worldwide basis in
connection with the conduct of the Business. Such right shall include the right of Licensee to
grant sublicenses to its Subsidiaries for so long as they remain Subsidiaries.

ARTICLE 3

Ownership of Proprietary Rights

     Section 3.01. Ownership of Proprietary Rights. Neither this Agreement nor its performance
confer on Licensee any right with respect to the Licensed Marks other than those rights granted
pursuant to this Agreement with respect to the Licensed Marks. Licensor is entitled to grant such
other rights in and licenses of the Licensed Marks as it sees fit and nothing in this Agreement
restricts in any way Licensor’s right to use the Licensed Marks. Any use of Licensed Marks by
Licensee inures to the benefit of Licensor. Licensee shall not, and shall cause its Subsidiaries
not to, (a) challenge the validity or ownership of the Licensed Marks or any other marks of
Licensor or claim adversely or assist in any claim adversely to Licensor concerning any right,
title or interest in the Licensed Marks or any other marks of Licensor or (b) do or permit any act
which may directly or indirectly impair or prejudice Licensor’s title to the Licensed Marks or its
other marks, or detrimental to the reputation and goodwill of Licensor, including any act which
might assist or give rise to any application to remove or de-register any of the Licensed Marks or
other marks of Licensor, and in the case of clauses (a) and (b), Licensee shall not, and shall
cause its Subsidiaries not to, aid or abet any person in doing so.

ARTICLE 4

Use of Licensed Marks by Licensee

     Section 4.01. Form of Use. Licensee shall conform to and observe, and shall procure that its
Subsidiaries conform to and observe, such standards in

3

 

relation to the Licensed Marks as Licensor from time to time prescribes, including standards
relative to the quality, design, identity, size, position, appearance, marking, color of the
Licensed Marks, and the manner, disposition and use of the Licensed Marks and accompanying
designations, on any document or other media including, without limitation, any Promotional
Material.

     Section 4.02. Quality Supervision. All services performed under the Licensed Marks and all
goods to which the Licensed Marks are applied shall at all times be in compliance with applicable
laws, and such services performed or goods supplied shall in each case be effected in a manner so
as not to bring discredit upon the Licensed Marks.

ARTICLE 5

Infringement of Proprietary Rights

     Section 5.01. Infringement of Proprietary Rights. Licensee shall immediately notify Licensor
of any unauthorized or improper use by any person of any Licensed Marks and all particulars
relating to such infringement, upon Licensee having knowledge of same.

     Section 5.02. Third-Party Actions. Licensee shall immediately notify Licensor of any
allegations, claims or demands (actual or threatened) against Licensee or Subsidiaries for
infringement of any intellectual property rights of third parties by reason of the use of the
Licensed Marks and provide all particulars requested by Licensor. At Licensor’s request, Licensee
shall defend (at Licensor’s cost) such action in accordance with Licensor’s directions. Licensor
may at its option assist Licensee in its defense to such action to the extent reasonable to do so
(in Licensor’s judgment).

     Section 5.03. Action by Licensor. Licensor may in its sole discretion take any action, legal
or otherwise, to halt or otherwise in connection with any infringement of Licensor’s rights to the
Licensed Marks. Licensor may require Licensee to lend its name to such proceedings and provide
reasonable assistance. Licensee may with the prior written consent of Licensor initiate
proceedings or otherwise take action with respect to any unauthorized use of the Licensed Marks (at
Licensor’s cost); provided that Licensee keeps Licensor fully and promptly informed of the conduct
and progress of such action or proceedings; and provided, further, that Licensee shall not conduct
any settlement negotiations or take any step to terminate such proceedings without Licensor’s prior
written consent.

4

 

ARTICLE 6

Indemnity, Limitation of Liability

     Section 6.01. Licensee’s Indemnity. Licensee shall pay and indemnify Licensor and each of
Licensor’s affiliates from and against all losses, claims, damages, liabilities, demands,
proceedings and costs (including legal costs) (“Damages”) related to or arising out of the use of
the Licensed Marks by Licensee or its Subsidiaries and the exercise of Licensee’s rights and
obligations under this Agreement.

     Section 6.02. Licensor’s Indemnity. Licensor shall pay and indemnify Licensee and each
Subsidiary from and against all Damages which are solely attributable to use of the Licensed Marks
by Licensor and licensees other than Licensee.

     Section 6.03. Disclaimer. EXCEPT AS SPECIFICALLY PROVIDED IN THIS AGREEMENT, THE LICENSE
GRANTED HEREIN IS MADE ON AN “AS IS” BASIS, AND LICENSOR HEREBY DISCLAIMS ANY EXPRESS OR IMPLIED
REPRESENTATIONS, WARRANTIES OR INDEMNITIES OF ANY KIND, INCLUDING WITHOUT LIMITATION, THOSE
REGARDING MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, OR OF NON-INFRINGEMENT.

     Section 6.04. Limitation of Liability. TO THE EXTENT PERMITTED BY APPLICABLE LAW, IN NO
EVENT SHALL LICENSOR BE LIABLE UNDER ANY LEGAL OR EQUITABLE THEORY FOR ANY REMOTE, PUNITIVE,
EXEMPLARY, INDIRECT, SPECIAL, INCIDENTAL OR CONSEQUENTIAL DAMAGES OR LOSS OF PROFIT OF ANY KIND
EVEN IF SUCH PARTY HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES. LICENSOR SHALL NOT BE
RESPONSIBLE FOR ANY COMPROMISE OR SETTLEMENT, NOR FOR ANY COSTS OR EXPENSES INCURRED IN
COMPROMISING, SETTLING OR DEFENDING ANY CLAIM AGAINST LICENSEE OR ANY OF ITS SUBSIDIARIES FOR
INFRINGEMENT OR OTHERWISE, MADE OR INCURRED.

ARTICLE 7

Termination

     Section 7.01. Termination by Licensor. Licensor may terminate this Agreement forthwith by
written notice to Licensee if, at any time, Licensor, including Licensor’s Affiliates, shall cease
to act as Manager pursuant to the Investment Management Agreement or if, at any time, Licensor
determines that

5

 

the use of the Licensed Marks infringes or is confusingly similar to the intellectual property
rights of a third party.

     Section 7.02. Effect of Termination; Survival. (a) Upon termination of this Agreement and 60
days notice thereof from Licensor, Licensee shall and shall cause each of its Subsidiaries to cease
using the Licensed Marks or any derivation thereof in any form. Licensee shall and shall cause
each of its Subsidiaries to take such actions as are necessary and appropriate to (i) change its
name to a name that does not include such words which Licensor has so specified, (ii) amend its
operating agreement, bylaws or charter, as applicable, accordingly and (iii) have, or cause to
have, such name change and such amended operating agreement, bylaws or charter, as applicable,
approved by all necessary government, regulatory, securities exchange and other officials. If such
a meeting cannot be convened immediately, the meeting shall be convened as soon as such law
permits. From the date of the such notice of such request, Licensee shall and shall ensure that
each of its Subsidiaries does not use the Licensed Marks or any combination or any derivation
thereof or any translation of any of such words into any other language. Any costs associated with
the change of name and logo of Licensee and its Subsidiaries shall be for the account of Licensee.

     (b) Notwithstanding the other provisions of this Article 7, the provisions of Sections Section
6.01 7.03 and 8.05 and this Section 7.02 shall survive any termination of this Agreement.

     Section 7.03. Preservation of Remedies. Termination of this Agreement is without prejudice
to the rights of either party with regard to a breach by the other party of this Agreement, or any
obligation surviving termination or expiration of this Agreement. Full legal remedies remain
available for any such breach or continuing obligation, including the right to recover damages or
to secure other appropriate relief.

ARTICLE 8

General

     Section 8.01. Cooperation. The parties agree to use their best efforts to take, or cause to
be taken, all actions and to do, or cause to be done, all things necessary or desirable under
applicable laws and regulations to consummate or implement expeditiously the transactions
contemplated by this Agreement, including filings with appropriate governmental authorities and the
receipt of any necessary governmental approvals in respect of the transactions contemplated hereby.

6

 

     Section 8.02. Binding Effect; Benefit. This Agreement shall inure to the benefit of the
parties hereto, their successors, legal representations or permitted assigns. Nothing in this
Agreement, expressed or implied, is intended to confer on any Person other than the parties hereto,
and their successors, legal representatives and permitted assigns, any rights, remedies,
obligations or liabilities under or by reason of this Agreement.

     Section 8.03. Assignment. This Agreement may be assigned by Licensor but shall not be
assignable or otherwise transferable by Licensee without the prior written consent of Licensor,
except in the case of assignment by Licensee to another organization which is a successor (by
merger, consolidation or purchase of assets) to the Licensee, provided that such successor
organization shall agree in writing to be bound under this Agreement and by the terms of such
assignment in the same manner as the Licensee is bound under this Agreement.

     Section 8.04. Severability. If any provision in any Article of this Agreement is found by
competent authority to be invalid, illegal or unenforceable in any respect for any reason, the
validity, legality and enforceability of such other Article in every other respect and the
remainder of this Agreement shall continue in effect so long as the Agreement still expresses the
intent of the parties. However, if the intent of the parties cannot be preserved, this Agreement
shall be either renegotiated or terminated.

     Section 8.05. Amendments; Waivers. (a) Any provision of this Agreement may be amended or
waived if, but only if, such amendment or waiver is in writing and is signed, in the case of an
amendment, by each party to this Agreement, or in the case of a waiver, by the party against whom
the waiver is to be effective.

     (b) No failure or delay by any party in exercising any right, power or privilege hereunder
shall operate as a waiver thereof nor shall any single or partial exercise thereof preclude any
other or further exercise thereof or the exercise of any other right, power or privilege. The
rights and remedies herein provided shall be cumulative and not exclusive of any rights or remedies
provided by law.

     Section 8.06. Expenses. Except as otherwise provided herein, all costs and expenses incurred
in connection with this Agreement shall be paid by the party incurring such cost or expense.

     Section 8.07. Notices. All notices, requests and other communications to any party hereunder
shall be in writing (including facsimile transmission) and shall be given,

7

 

     if to Licensor, to:

GSCP (NJ), L.P.

500 Campus Drive, Suite 220

Florham Park, NJ 07932

Attention: General Counsel

     if to Licensee, to:

GSC Investment Corp.

12 E. 49th Street, Suite 3200

New York, NY 10017

Attention: Richard Allorto, Jr., Chief Financial Officer

     All such notices, requests and other communications shall be deemed received on the date of
receipt by the recipient thereof if received prior to 5 p.m. in the place of receipt and such day
is a business day in the place of receipt. Otherwise, any such notice, request or communication
shall be deemed not to have been received until the next succeeding business day in the place of
receipt.

     Section 8.08. Governing Law. This Agreement shall be governed by, and construed in all
respects in accordance with, the laws of the State of New York, without regard to conflict of laws
principles thereof.

     Section 8.09. Jurisdiction. Except as otherwise expressly provided in this Agreement, the
parties hereto agree that any suit, action or proceeding seeking to enforce any provision of, or
based on any matter arising out of or in connection with, this Agreement or the transactions
contemplated hereby shall be brought in the United States District Court for the Southern District
of New York or any New York State court sitting in New York City, so long as one of such courts
shall have subject matter jurisdiction over such suit, action or proceeding, and that any cause of
action arising out of this Agreement shall be deemed to have arisen from a transaction of business
in the State of New York, and each of the parties hereby irrevocably consents to the jurisdiction
of such courts (and of the appropriate appellate courts therefrom) in any such suit, action or
proceeding and irrevocably waives, to the fullest extent permitted by law, any objection that it
may now or hereafter have to the laying of the venue of any such suit, action or proceeding in any
such court or that any such suit, action or proceeding which is brought in any such court has been
brought in an inconvenient forum. Process in any such suit, action or proceeding may be served on
any party anywhere in the world, whether within or without the jurisdiction of any such court.
Without limiting the foregoing, each party agrees that service of process on such party as provided
in Section 8.07 shall be deemed effective service of process on such party.

8

 

     Section 8.10. Waiver of Jury Trial. EACH OF THE PARTIES HERETO HEREBY IRREVOCABLY WAIVES ANY
AND ALL RIGHT TO TRIAL BY JURY IN ANY LEGAL PROCEEDING ARISING OUT OF OR RELATED TO THIS AGREEMENT
OR THE TRANSACTIONS CONTEMPLATED HEREBY.

     Section 8.11. Counterparts; Third Party Beneficiaries. This Agreement may be signed in any
number of counterparts, each of which shall be an original, with the same effect as if the
signatures thereto and hereto were upon the same instrument. This Agreement shall become effective
when each party hereto shall have received a counterpart hereof signed by the other party hereto.
Until and unless each party has received a counterpart hereof signed by the other party hereto,
this Agreement shall have no effect and no party shall have any right or obligation hereunder
(whether by virtue of any other oral or written agreement or other communication). No provision of
this Agreement is intended to confer upon any person other than the parties hereto any rights or
remedies hereunder.

     Section 8.12. Entire Agreement. This Agreement constitutes the entire agreement between the
parties with respect to the subject matter of this Agreement and supersedes all prior agreements
and understandings, both oral and written, between the parties with respect to the subject matter
of this Agreement.

9

 

     IN WITNESS WHEREOF the duly authorized representatives of the parties have executed this
Agreement as of the date first hereof.

	 	 	 	 	 	 	 
	 	 	GSCP (NJ), L.P.
	 
	 	 	 	 	 	 
	 	 	GSCP (NJ), Inc.,
	 	 	its General Partner
	 
	 	 	 	 	 	 
	 	 	By:	 	/s/ David L. Goret
	 	 	 	 	 
	 

	 	 	 	Name:
	 	David L. Goret
	 

	 	 	 	Title:
	 	Senior Managing Director and Secretary
	 
	 	 	 	 	 	 
	 	 	GSC INVESTMENT CORP.
	 
	 	 	 	 	 	 
	 	 	By:	 	/s/ Richard T. Allorto
	 	 	 	 	 
	 

	 	 	 	Name:
	 	Richard T. Allorto
	 

	 	 	 	Title:
	 	Chief Financial Officer

 

 

Exhibit A

[Date]

[Name of Licensee]

[Address of Licensee]

     Re: Trademark License Agreement dated ___, ___by and between GSCP (NJ), L.P. and GSC
Investment Corp. (the “Agreement”)

     Pursuant to the captioned Agreement, you are hereby notified that effective as of the date
hereof the undersigned consents to the inclusion of the proprietary [service name] [logo] [insert
or attach an exhibit] (the “New Mark”), as a “Licensed Mark” for the purposes of the Agreement.
You may only use the New Mark subject to and in accordance with the Agreement. Terms used herein
and not otherwise defined shall have the meaning ascribed to them in the Agreement.

     In connection herewith, the undersigned hereby repeats and restates, as of the date hereof,
the representation appearing in Section 4.01 of the Agreement with respect to the New Mark.

	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Sincerely,
	 

	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	[NAME OF LICENSOR]
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	By:	 	 
	 

	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	Name:
	 

	 	 	 	 	 	 	 	Title:
	 
	 	 	 	 	 	 	 	 
	ACKNOWLEDGED AND AGREED:	 	 	 	 	 	 
	[NAME OF LICENSEE]	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	By:
	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	 
	 

	 	Name:	 	 	 	 	 	 
	 

	 	Title:	 	 	 	 	 	 

 

 

Schedule A

Proprietary LogosEX-10.5

 

Exhibit 10.5

March 23, 2007

Mr. Thomas V. Inglesby

GSC Partners CDO Fund III, Limited

c/o GSC Group

500 Campus Drive, Suite 220

Florham Park, NJ 07932

Re: Purchase of Loan Portfolio

Gentlemen:

     This Agreement (“Agreement”) will confirm that, subject to the terms and conditions herein,
GSC Partners CDO Fund III, Limited, a company incorporated under the laws of the Cayman Islands
(“CDO Fund III” or the “Seller”), agrees to sell to GSC Investment Corp., a Maryland corporation
(together with its successors and assigns, the “Buyer”) on or after the Effective Time (as
hereinafter defined), and the Buyer agrees to buy (or cause its assignee to buy), in exchange for
the Purchase Price (as defined below), all of Seller’s right, title, and interest (“Seller’s
Interest”) in and to the assets specified in Exhibit A hereto (the “Assets”), including, without
limitation, all of Seller’s right, title, and interest in the benefit of all representations,
warranties, covenants, agreements, and indemnities of the other parties to the documentation
relating thereto, all voting, board observation or representation rights (if any) of Seller set
forth therein, all principal, interest, dividends and other amounts payable thereunder from and
after the Sale Date (as hereafter defined), all liens and collateral securing the Assets and all
proceeds of the foregoing (collectively, the “Purchased Rights”), but excluding (a) any cash
interest, fees and other amounts paid prior to the Sale Date and (b) Undelivered Assets (as
hereafter defined).

     Prior to completing the sale contemplated by this Agreement, (a) Seller intends to defease,
pursuant to its Indenture, dated December 4, 2001, as amended (the “Indenture”), the Class A Notes
and Class B Notes issued under (and as defined in) the Indenture (the “Defeasance”), using (i) the
Purchase Price (as defined below) payable by the Buyer hereunder, and (ii) the proceeds of a bridge
loan facility that is expected to fund not later than the Sale Date (the “Loan Facility”) and (b)
Buyer intends to fund the Purchase Price using the proceeds of an initial public offering of its
equity securities (the “Public Offering”) and borrowings under a credit facility (the “Credit
Facility”).

     Buyer is not assuming and is not liable for any obligations or liabilities of Seller arising
prior to the Sale Date under the loan documents and other agreements relating to the Assets (the
“Documents”), including, without limitation, any such obligations or liabilities arising from
Seller’s breach of any of its representations, warranties, covenants or agreements under the
Documents, all of which unassumed obligations and liabilities shall remain the sole responsibility
of Seller.

     The closing date for the purchase of the Assets (the “Sale Date”) shall be as agreed between
Seller and Buyer or, if the Effective Time shall not have occurred on such date, the first date
thereafter on which the Effective Time shall have occurred.

 

 

     If the Sale Date does not occur before March 31, 2007 (the “Expiration Time”), this Agreement
will terminate in accordance with its terms.

On the Sale Date, Buyer shall transfer to Seller, in immediately available funds, an amount (the
“Purchase Price”) equal to:

     (a) The sum of

	 	(i)	 	The valuations of each of the Assets as set forth in Exhibit A
to this Agreement; and
	 
	 	(ii)	 	the amount of accrued and unpaid interest (since the relevant
dates on which the last interest payments were received) on the Assets;

     (b) Less:

	 	(i)	 	the valuation specified with respect to any Asset (A) for which
any consent to the transfer to Buyer that is required from the issuer of the
Asset, the administrative agent with respect thereto or any other related
person (any such required consent, a “Consent”) is not obtained prior to the
Sale Date or (B) that has been sold by the Seller in connection with a
disposition of the company to which the Asset relates or otherwise
(collectively the “Undelivered Assets”).

     The amount of the Purchase Price described in clause (a)(i) above prior to any adjustments
pursuant to clauses (a)(ii) and (b)(i) above is referred to herein as the “Unadjusted Purchase
Price.”

     For greater certainty, with respect to (b)(i)(A) above, from and after the Effective Time,
Buyer shall continue to seek to obtain Consent to the transfer of any Undelivered Asset for a
period of 60 days following the Sale Date. Upon receipt of such Consent, Buyer shall notify Seller
thereof and the date (not later than 10 days after receipt of such Consent) upon which the sale of
such Asset is to occur, which shall be deemed to be the “Sale Date” in respect of such Asset. The
Buyer shall pay to Seller, in immediately available funds, the valuation with respect thereto set
forth in Exhibit A, plus the amount of accrued and unpaid interest thereon (since the date on which
the last interest payment was received in respect thereof), less any and all payments of principal
that the Seller has received in respect of such Asset after the Sale Date on which the Effective
Time shall have occurred.

     It is understood that after the Effective Time, (i) the Seller shall use commercially
reasonable efforts to obtain and deliver to the Buyer, and shall cooperate with Buyer in any
efforts the Buyer makes to obtain, all Consents as promptly as practicable, and (ii) the Seller and
Buyer shall enter into a transfer (or similar) agreement or series of transfer (or similar)
agreements, as required by the documents governing each security and customary for transactions of
this nature and size to record the sale or assignment. The form of agreement used will be dictated
by the documents governing each security, and if not required to be in said form, will be
substantially in a form customary for transactions of this nature prepared by Buyer and reasonably
acceptable to Seller. Pursuant to such agreement or series of agreements, Seller shall,

2

 

effective as of the Sale Date, sell and assign to Buyer all of Seller’s Interest in the
Purchased Rights.

     Seller acknowledges that Buyer will make disclosure of information as required by applicable
law in connection with the Public Offering (including Buyer’s obligation under federal securities
laws) and agrees (i) that such disclosure shall in no way violate or be deemed to violate any
provision of this Agreement and, accordingly, (ii) to take no action or otherwise make any claim
against Buyer for making such disclosure.

     Except as set out in the forgoing paragraph, Buyer agrees that until the time that Buyer
becomes the holder of record for an Asset, Buyer shall keep confidential all information regarding
such Asset and shall not disclose any such information to any other person, unless (i) Buyer
complies with the confidentiality provisions contained in the credit agreement or other agreements
between the investee company and the Seller relating to such Asset which have been delivered to the
Buyer as of the date hereof, (ii) Buyer has obtained the prior written consent from the investee
company under such Asset to the disclosure, or (iii) Buyer is compelled by a court of competent
jurisdiction to make such disclosures.

     Seller hereby represents and warrants to Buyer that:

	 	(a)	 	Seller has good title to and is the sole owner of the Purchased Rights, free
and clear of all liens, charges, interests, options, security interests, encumbrances,
claims, or defects (other than the lien of the Indenture and any lien permitted under
the Documents);
	 
	 	(b)	 	None of the Purchased Rights are, as of the date hereof, subject to any prior
assignment, conveyance, transfer or participation or agreement to assign, convey,
transfer or participate, in whole or in part, except pursuant to this Agreement;
	 
	 	(c)	 	Seller has (or, as of the Sale Date, shall have) all requisite power and
authority to execute and deliver, and to perform all of its obligations under, this
Agreement (subject, with respect to the sale of any Asset and the related Purchased
Rights, obtaining all applicable Consents), and such execution, delivery and
performance do not (i) violate any law, rule, regulation, order, writ or judgment or
any of Seller’s charter documents or the Indenture, (ii) require any authorizations,
consents, or approvals from, registrations with, or notices to, any court, governmental
agency or any other person (other than the applicable Consents), or (iii) result in the
creation of any lien, charge, interest, option, security interest, encumbrance, claim,
or defect upon the Purchased Rights (other than any of the foregoing in favor of or
held by the Buyer or its assigns);
	 
	 	(d)	 	Seller is not in breach or default of any of its obligations under the
Documents;
	 
	 	(e)	 	To the Seller’s knowledge, no obligor or other credit party is in breach or
default of any of its payment obligations under the Documents, provided that, in this
Agreement, “knowledge” shall mean the actual knowledge without due inquiry of the
employees of the collateral manager of CDO Fund III or direct or indirect managing
member or general partner of such collateral manager;

3

 

	 	(f)	 	Seller has not engaged in any acts or omissions that would result in any
portion of the Purchased Rights being subordinated, void, avoided, disallowed, reduced,
expunged, or subject to setoff, recoupment, counterclaim, or any other defense, or that
would result in Buyer receiving, in the aggregate, a proportionately smaller
distribution, later distribution, or less favorable treatment in respect of the
Purchased Rights than the distributions or treatment received by any other participant
in the Assets;
	 
	 	(g)	 	To the Seller’s knowledge, the Seller is not an “insider,” as that term is
defined in Section 101 of the United States Bankruptcy Code, with respect to any of the
issuers who have issued loans that make up a portion of the Assets;
	 
	 	(h)	 	Upon the satisfaction of the Defeasance Condition (as hereinafter defined),
this Agreement will be legal, valid and binding upon Seller in accordance with its
terms;
	 
	 	(i)	 	Seller is a sophisticated institutional investor that is an “accredited
investor” within the meaning of Rule 501 under the U.S. Securities Act of 1933, as
amended; and
	 
	 	(j)	 	None of the Assets are “United States real property interests” within the
meaning of Section 897(c) of the Internal Revenue Code of 1986, as amended (the “Code”)
and the Treasury Regulations promulgated thereunder (the “Treasury Regulations”). The
Seller shall indemnify and hold harmless Buyer from any breach of the foregoing
representation by the Seller or the Buyer’s reliance on such representation.

     Seller otherwise makes no other representations or warranties including any implied
representations or warranties.

     Buyer acknowledges that it has conducted, to the extent it deemed necessary, an independent
investigation of such matters, and has had the opportunity to receive such information and
documents as, in its judgment, are necessary for it to make an informed investment decision, and
has not relied upon the Seller (other than the representations and warranties set forth herein) for
any investigation or assessment to evaluate the transaction contemplated hereby.

     Buyer hereby represents and warrants to Seller that:

	 	(a)	 	As of the date hereof, Buyer intends diligently and in good faith to seek to
complete its Public Offering and to enter into the Credit Facility.
	 
	 	(b)	 	Buyer has all requisite power and authority to execute and deliver, and to
perform all of its obligations under, this Agreement and such execution, delivery and
performance do not (i) violate any law, rule, regulation, order, writ or judgment or
any of Buyer’s charter documents or (ii) require any authorizations, consents, or
approvals from, registrations with, or notices to, any court, governmental agency or
any other person;

4

 

	 	(c)	 	This Agreement is legal, valid and binding upon Buyer in accordance with its
terms; and
	 
	 	(d)	 	As of the Sale Date, Buyer will be a sophisticated institutional investor that
is an “accredited investor” within the meaning of Rule 501 under the U.S. Securities
Act of 1933, as amended.

     Buyer otherwise makes no other representations or warranties including any implied
representations or warranties.

     This Agreement shall be effective as to Buyer as of the date hereof. However, the obligation
of Buyer to consummate the purchase under this Agreement shall not be effective until such time
(the “Effective Time”) as both the Defeasance Condition and the following further conditions are
satisfied: (i) Buyer shall have obtained funds sufficient to enable it to pay the Purchase Price;
and (ii) Buyer shall have received an opinion of counsel to Seller in form and substance reasonably
satisfactory to Buyer. Notwithstanding (x) anything to the contrary in this Agreement or (y) the
execution and delivery of this Agreement by the Seller on the date hereof, this Agreement (and the
Seller’s execution thereof) shall not be effective as to the Seller, and the Seller shall not be
deemed to have entered into this Agreement, until the Purchase Price hereunder and the term loan
under the Loan Facility shall have been funded in an amount sufficient to complete the Defeasance
and the proceeds thereof shall have been deposited with the Custodian under, and in accordance with
Section 4.1 of, the Indenture and/or delivered to the Trustee under (and as defined in) the
Indenture to be applied to pay all other amounts owing under Section 4.1 of the Indenture in
connection with the Defeasance (the “Defeasance Condition”). Seller agrees to use its commercially
reasonable efforts to take or cause to be taken all action necessary to complete the Loan Facility
and to satisfy the Defeasance Condition.

     Seller shall indemnify and hold harmless Buyer from and against all actual losses,
liabilities, damages, judgments, settlements and expenses (including the reasonable fees and
disbursements of counsel) incurred by Buyer that arise out of or result from the breach by Seller
of its representations and warranties set forth in this Agreement. The indemnity provisions
contained in this Agreement shall remain operative and in full force and effect for one year from
the Sale Date regardless of (i) any termination of this Agreement, (ii) any investigation made by
or on behalf of Buyer, its authorized representatives, officers or directors or any person
controlling Buyer, and (iii) acceptance of and payment for any of the Purchased Rights.

     Following the satisfaction of the Defeasance Condition, Buyer shall give Seller prompt notice
of any third-party claim that may give rise to any indemnification obligation under this Agreement,
together with the estimated amount of such claim, and Seller shall have the right to assume the
defense (at Seller’s expense) of any such claim through counsel of Seller’s own choosing (and
reasonably satisfactory to Buyer) by so notifying Buyer in writing within 30 days of the receipt by
Seller of such notice from Buyer. If Seller assumes such defense, Buyer shall have the right to
participate in the defense thereof and to employ counsel, at its own expense (unless (i) the Buyer
and Seller shall have mutually agreed to the retention of such counsel or (ii) the named parties to
any such proceeding (including any impleaded parties) include both Buyer and Seller and
representation of both parties by the same counsel would be inappropriate due to actual or
potential conflicts of interest), separate from the counsel employed by Seller, it being

5

 

understood that Seller shall control such defense. If Seller chooses to defend or prosecute a
third-party claim, Buyer shall, at Seller’s expense, (i) cooperate in the defense or prosecution
thereof, which cooperation shall include, to the extent reasonably requested by Seller, the
retention, and the provision to Seller, of records and information in Buyer’s possession reasonably
relevant to such third-party claim, and making employees of Buyer and its affiliates available on a
mutually convenient basis to provide reasonable additional information and explanation of any
materials provided hereunder and (ii) agree to any settlement, compromise or discharge of such
third-party claim that Seller may recommend and that, by its terms, (i) includes an unconditional
release and discharge of Buyer from all liability on such third-party claim and (ii) does not
include a statement as to, or an admission of, fault, culpability or a failure to act, by or on
behalf of Buyer. None of Buyer nor any of its affiliates may settle or otherwise dispose of any
claim for which Seller has liability under this Agreement without the prior written consent of
Seller, which consent may not be unreasonably withheld, delayed or conditioned. Seller shall not
be liable under this Agreement for any settlement, compromise or discharge effected without its
consent in respect of any claim for which indemnity may be sought hereunder.

     From and after the date hereof, Buyer shall, and from and after the satisfaction of the
Defeasance Condition, Seller shall, execute and deliver all further documents or instruments
reasonably requested by the other party in order to effectuate the terms of this Agreement.
Without limiting the foregoing, if Buyer purchases the Assets and Seller receives any payments,
distributions, proceeds, or other amounts or items in respect of the Assets on or after the Sale
Date to which Buyer is entitled, including cash, securities, obligations, or other property, Seller
shall (i) accept and hold such payments, distributions, or proceeds on behalf of, for the sole
benefit of, and in trust for Buyer and (ii) pay or deliver the same forthwith to Buyer in the same
form received and, when necessary or appropriate, with the endorsement of Seller.

     This Agreement will be governed by and construed under the laws of the State of New York. Any
action or proceeding seeking to enforce any provision of, or based on any right arising out of,
this Agreement may be brought against any of the parties in the courts of the State of New York,
or, if it has or can acquire jurisdiction, in the United States District Court for New York, and
each of the parties consents to the jurisdiction of such courts (and of the appropriate appellate
courts) in any such action or proceeding and waives any objection to venue laid therein. Process
in any action or proceeding referred to in the preceding sentence may be served on any party
anywhere in the world.

     Each of Seller and Buyer agrees that damages for any breach of this Agreement would be
difficult to quantify and that, in addition to any and all other remedies at law or in equity, the
non-breaching party shall be entitled to an injunction requiring specific enforcement of this
Agreement and each of its terms without necessity of proving actual damages or posting a bond.

     The Buyer and Seller shall each pay 50% of all assignment fees required under the documents by
which the Assets are governed, transfer taxes, stamping fees and similar amounts (collectively
“Transfer Amounts”) which become due upon the sale of the Seller’s Interest in the Assets to the
Buyer (which, for greater certainty, shall not include income taxes or withholding taxes payable by
the Seller). However, if the aggregate Transfer Amounts exceed $200,000, either the Buyer or the
Seller may, unless the other party agrees to pay the Transfer Amounts in excess of $200,000, elect
to treat a portion of the Assets as Undelivered Assets but

6

 

only to the extent necessary to reduce the aggregate Transfer Amounts below $200,000. The
Assets to be selected as Undelivered Assets shall be subject to the agreement of the Seller and the
Buyer failing which, the Asset with the highest amount of Transfer Amounts will be selected first
and thereafter additional Assets will be selected in a descending order based on the amount of
Transfer Amounts. The Purchase Price will be adjusted for such Undelivered Assets as set out in
this Agreement.

     Prior to the Sale Date, the Seller shall provide the Buyer with an executed Internal Revenue
Service Form W-8BEN. The Buyer shall be entitled to deduct and withhold from any payments made to
the Seller pursuant to this Agreement any amounts required to be deducted and withheld under the
Code, the Treasury Regulations or any provision of state, local or foreign law. Any amounts
withheld by the Buyer pursuant to the foregoing sentence shall be treated for all purposes of this
Agreement as having been paid by the Buyer to the Seller.

     This Agreement may be executed in one or more counterparts, each of which will be deemed to be
an original copy of this Agreement and all of which, when taken together, will be deemed to
constitute one and the same agreement.

     This Agreement may not be modified, waived, discharged, or terminated orally, but only by an
instrument in writing signed by the parties hereto.

     Buyer may assign, in its sole discretion, any or all of its rights and interests hereunder to
any direct or indirect affiliate of Buyer; provided, however, that Buyer shall remain subject to
the duties, obligations and liabilities of Buyer hereunder. Seller’s obligations are not
assignable without Buyer’s prior written consent, which may not be unreasonably withheld, delayed
or conditioned.

     If any provision of this Agreement shall for any reason be held to be invalid or
unenforceable, such invalidity or unenforceability shall not affect any other provision hereof, but
this Agreement shall be construed as if such invalid or unenforceable provision had never been
contained herein.

     Your signature below shall signify your agreement with the foregoing. Please sign two copies
of this Agreement, retaining one for your files and returning the other copy to GSC Investment
Corp. at the address indicated on the above letterhead.

	 	 	 	 	 	 	 
	 	 	Very truly yours,	 	 
	 
	 	 	 	 	 	 
	 	 	GSC INVESTMENT CORP.	 	 
	 
	 	 	 	 	 	 
	 

	 	By:

Name:
	 	/s/ Richard T. Allorto
 

Richard T. Allorto
	 	 
	 

	 	Title:
	 	Chief Financial Officer	 	 

7

 

Duly executed and agreed March 23, 2007

GSC PARTNERS CDO FUND III, LIMITED,

on behalf of itself and each of its affiliates,

	 	 	 	 	 
	By: 

Name:

	 	/s/ Carlos Farjallah
 

Carlos Farjallah
	 	 
	Title:

	 	Director	 	 

8

 

Exhibit A

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	Type of	 	 	 	 	 	 	 	 
	Name of Portfolio	 	Investment	 	Coupon	 	Maturity	 	Par	 	Valuation
	 
	Aero Products International, Inc.

	 	First Lien Term Loan
	 	 	L + 5.00	%	 	12/19/08
	 	 	2,677,214	 	 	 	2,637,055	 
	Atlantis Plastics Films, Inc.

	 	First Lien Term Loan
	 	 	L + 4.00	%	 	09/22/11
	 	 	1,013,421	 	 	 	1,005,821	 
	CFF Acquisition LLC

	 	First Lien Term Loan
	 	 	L + 3.75	%	 	07/31/13
	 	 	3,159,562	 	 	 	3,159,562	 
	Cortz, Inc.

	 	First Lien Term Loan
	 	 	L + 4.00	%	 	11/30/10
	 	 	1,054,896	 	 	 	1,054,896	 
	Flavor and Fragrance Group
Holdings, Inc.

	 	First Lien Term Loan
	 	 	L + 4.00	%	 	06/30/10
	 	 	481,188	 	 	 	481,188	 
	Flavor and Fragrance Group
Holdings, Inc.

	 	First Lien Term Loan
	 	 	L + 4.50	%	 	06/30/11
	 	 	1,342,900	 	 	 	1,342,900	 
	Flavor and Fragrance Group
Holdings, Inc.

	 	First Lien Term Loan
	 	 	L + 7.00	%	 	12/31/11
	 	 	754,380	 	 	 	754,380	 
	Insight Pharmaceuticals LLC

	 	First Lien Term Loan
	 	 	L + 4.25	%	 	03/31/11
	 	 	708,014	 	 	 	704,474	 
	Insight Pharmaceuticals LLC

	 	First Lien Term Loan
	 	 	L + 4.63	%	 	03/31/12
	 	 	718,196	 	 	 	714,605	 
	Legacy Cabinets, Inc.

	 	First Lien Term Loan
	 	 	L + 3.75	%	 	08/18/12
	 	 	1,200,468	 	 	 	1,176,458	 
	Miller Heiman Acquisition Corp.

	 	First Lien Term Loan
	 	 	L + 3.75	%	 	06/01/12
	 	 	1,143,864	 	 	 	1,143,864	 
	Questex Media Group, Inc.

	 	First Lien Term Loan
	 	 	L + 4.25	%	 	05/23/12
	 	 	3,691,162	 	 	 	3,691,162	 
	Redwood Toxicology Laboratory, Inc.

	 	First Lien Term Loan
	 	 	L + 4.00	%	 	02/27/12
	 	 	622,610	 	 	 	617,940	 
	Switch & Data Holdings, Inc.

	 	First Lien Term Loan
	 	 	L + 4.25	%	 	10/13/11
	 	 	2,855,876	 	 	 	2,852,306	 
	ABP Corporation

	 	Second Lien Term Loan
	 	 	L + 4.50	%	 	07/15/10
	 	 	3,771,900	 	 	 	3,771,900	 
	Bankruptcy Management Solutions,
Inc.

	 	Second Lien Term Loan
	 	 	L + 6.25	%	 	07/31/13
	 	 	1,266,825	 	 	 	1,279,493	 
	Convergeone Holdings Corp.

	 	Second Lien Term Loan
	 	 	L + 5.75	%	 	05/31/13
	 	 	635,000	 	 	 	635,000	 
	Energy Alloys, LLC

	 	Second Lien Term Loan
	 	 	L + 6.50	%	 	09/13/11
	 	 	3,937,000	 	 	 	3,937,000	 
	Grant U.S. Holdings LLP

	 	Second Lien Term Loan
	 	 	L + 6.50	%	 	09/30/13
	 	 	635,000	 	 	 	635,000	 
	Group Dekko

	 	Second Lien Term Loan
	 	 	L + 6.25	%	 	01/20/12
	 	 	2,540,000	 	 	 	2,540,000	 
	Hopkins Manufacturing Corporation

	 	Second Lien Term Loan
	 	 	L + 7.00	%	 	01/26/12
	 	 	2,063,750	 	 	 	2,058,591	 
	Legacy Cabinets, Inc.

	 	Second Lien Term Loan
	 	 	L + 7.50	%	 	08/18/13
	 	 	1,524,000	 	 	 	1,478,280	 
	New World Restaurant Group, Inc.

	 	Second Lien Term Loan
	 	 	L + 6.75	%	 	01/26/12
	 	 	3,492,500	 	 	 	3,492,500	 
	PRACS Institute, LTD

	 	Second Lien Term Loan
	 	 	L + 6.00	%	 	04/17/13
	 	 	1,905,000	 	 	 	1,905,000	 

 

 

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	Type of	 	 	 	 	 	 	 	 
	Name of Portfolio	 	Investment	 	Coupon	 	Maturity	 	Par	 	Valuation
	 
	Sportcraft, LTD

	 	Second Lien Term Loan
	 	 	L + 7.75	%	 	03/31/12
	 	 	3,175,000	 	 	 	2,540,000	 
	Stronghaven, Inc.

	 	Second Lien Term Loan
	 	 	11.00	%	 	10/31/10
	 	 	2,063,750	 	 	 	2,063,750	 
	Targus Group International, Inc.

	 	Second Lien Term Loan
	 	 	L + 7.50	%	 	05/22/13
	 	 	3,175,000	 	 	 	2,992,438	 
	Transportation Aftermarket
Enterprises, Inc.

	 	Second Lien Term Loan
	 	 	L + 7.25	%	 	06/30/12
	 	 	650,875	 	 	 	624,840	 
	USS Mergerco, Inc.

	 	Second Lien Term Loan
	 	 	L + 4.25	%	 	06/29/13
	 	 	3,784,600	 	 	 	3,689,985	 
	Wyle Laboratories, Inc.

	 	Second Lien Term Loan
	 	 	L + 6.50	%	 	07/28/11
	 	 	635,000	 	 	 	639,763	 
	X-Rite, Incorporated

	 	Second Lien Term Loan
	 	 	L + 5.00	%	 	06/30/13
	 	 	2,540,000	 	 	 	2,565,400	 
	GFSI Inc

	 	Senior Secured Bond
	 	 	11.00	%	 	06/01/11
	 	 	5,667,000	 	 	 	5,638,665	 
	McMillin Companies LLC

	 	Senior Secured Bond
	 	 	9.53	%	 	04/30/12
	 	 	3,810,000	 	 	 	3,505,200	 
	Strategic Industries

	 	Senior Secured Bond
	 	 	12.50	%	 	10/01/07
	 	 	7,620,000	 	 	 	6,858,000	 
	Terphane Holdings Corp.

	 	Senior Secured Bond
	 	 	12.50	%	 	06/15/09
	 	 	1,778,000	 	 	 	1,769,110	 
	Terphane Holdings Corp.

	 	Senior Secured Bond
	 	 	12.50	%	 	06/15/09
	 	 	1,664,000	 	 	 	1,655,680	 
	Terphane Holdings Corp.

	 	Senior Secured Bond
	 	 	L + 9.70	%	 	06/15/09
	 	 	318,000	 	 	 	316,410	 
	Advanced Lighting Technologies, Inc.

	 	Unsecured Bond
	 	 	11.00	%	 	03/31/09
	 	 	4,431,000	 	 	 	4,408,845	 
	Ainsworth Lumber

	 	Unsecured Bond
	 	 	7.25	%	 	10/01/12
	 	 	64,000	 	 	 	95,360	 
	EuroFresh Inc.

	 	Unsecured Bond
	 	 	11.50	%	 	01/15/13
	 	 	3,175,000	 	 	 	3,111,500	 
	IDI Acquisition Corp.

	 	Unsecured Bond
	 	 	10.75	%	 	12/15/11
	 	 	1,334,000	 	 	 	1,233,950	 
	Jason Incorporated

	 	Unsecured Bond
	 	 	13.00	%	 	11/01/08
	 	 	2,159,000	 	 	 	2,159,000	 
	NE Restaurant Co.

	 	Unsecured Bond
	 	 	10.75	%	 	07/15/08
	 	 	6,306,000	 	 	 	6,306,000	 
	Network Communications, Inc.

	 	Unsecured Bond
	 	 	10.75	%	 	12/01/13
	 	 	3,175,000	 	 	 	3,242,469	 
	Total

	 	 	 	 	 	 	 	 	 	 	100,719,949	 	 	 	98,485,738

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00126-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00126-of-00352.parquet"}]]