Document:

Exhibit 10.14

 

ATLANTIC SOUTHERN FINANCIAL GROUP, INC.

RESTRICTED STOCK AWARD

 

This
RESTRICTED STOCK AWARD (the “Award”) is made and entered into as of the 30th day of March, 2010 by and between
Atlantic Southern Financial Group, Inc. (the “Company”), a Georgia
corporation, and Edward P. Loomis, Jr. (the “Employee”).

 

Upon and
subject to the Additional Terms and Conditions attached hereto and incorporated
herein by reference as part of this Award, the Company hereby awards as of the
Grant Date to the Employee the Restricted Shares described below in
consideration of the services rendered and/or to be rendered to the Employee by
virtue of the Employee’s employment relationship with the Company (including
any affiliate thereof).

 

A.            Grant Date: 
March 30, 2010.

 

B.            Restricted Shares:  68,965 shares of the Company’s common stock (“Common
Stock”).

 

C.            Vesting: 
The Restricted Shares shall become vested, as and to the extent the
Service Condition, as specified below, is satisfied.

 

	
   

  	
   

  	
  Percentage of Restricted Shares

  	
   

  
	
  Years of Vesting Service

  	
   

  	
  which are Vested Shares

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  Less than 1

  	
   

  	
  0

  	
  %

  
	
  1, but less than 2

  	
   

  	
  25

  	
  %

  
	
  2, but less than 3

  	
   

  	
  50

  	
  %

  
	
  3, but less than 4

  	
   

  	
  75

  	
  %

  
	
  4 or more

  	
   

  	
  100

  	
  %

  

 

The Employee shall receive
one Year of Vesting Service for each full consecutive one-year period of
continuous service during the period beginning with the Grant Date and ending
on the date the Employee ceases to provide services to the Company (including
any affiliate), regardless of the reason.

 

Notwithstanding the
foregoing, the Service Condition will be deemed satisfied as to all of the
Restricted Shares if the Employee provides continuous service to the Company
and/or any affiliate from the Grant Date through the date of any of the earlier
events listed below:

 

(a)           in the event of (i) an
involuntary and complete termination of the Employee’s services as an employee
for the Company (and its affiliates), other than for Cause; or (ii) a
termination of the Employee’s services as an employee for the Company (and its
affiliates) due to either death or Disability; or

 

(c)           the effective date of a
Change in Control.

 

The Restricted Shares which
have satisfied (or are deemed to have satisfied) the Service Condition are
herein referred to as the “Vested Shares.” 
Any portion of the Restricted Shares which have not become Vested Shares
in accordance with this Paragraph C. before or at the time 

 

 

the Employee ceases to be an
employee of the Company (including any affiliate), regardless of the reason,
shall be forfeited.

 

IN
WITNESS WHEREOF, the Company and Employee have signed this Award as of the
Grant Date set forth above.

 

	
   

  	
  ATLANTIC SOUTHERN
  FINANCIAL

  	
   

  	
   

  
	
   

  	
  GROUP, INC.

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ William A. Fickling, III

  	
   

  	
  /s/ Edward P. Loomis

  
	
   

  	
   

  	
   

  	
   

  	
  Employee

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Title:

  	
  Chairman

  	
   

  	
   

  

 

2

 

ADDITIONAL
TERMS AND CONDITIONS OF

ATLANTIC
SOUTHERN FINANCIAL GROUP, INC.

RESTRICTED
STOCK AWARD

 

1.             Condition to Delivery of Performance Shares.

 

(a)           Employee must deliver to the
Company, within two (2) business days after the earlier of (i) the
date (the “Vesting Date”) on which any Restricted Shares become Vested Shares,
or (ii) the date the Employee makes an election pursuant to Section 83(b) of
the Internal Revenue Code as to all or any portion of the Restricted Shares,
either cash or a certified check payable to the Company in the amount of all
tax withholding obligations (whether federal, state or local) imposed on the
Company by reason of the vesting of the Restricted Shares, or the making of an
election pursuant to Section 83(b) of the Internal Revenue Code, as
applicable, except as provided in Section 1(b).

 

(b)           If the Employee does not
make an election pursuant to Section 83(b) of the Internal Revenue
Code, in lieu of paying the withholding tax obligations in cash or by certified
check as required by Section 1(a), Employee may elect (the “Withholding
Election”) to have the actual number of shares of Common Stock that become
Vested Shares reduced by the smallest number of whole shares of Common Stock
which, when multiplied by the Fair Market Value of the Common Stock determined
by the closing price for the Common Stock on the last business day immediately
preceding the applicable Vesting Date, is sufficient to satisfy the amount of
the tax withholding obligations imposed on the Company by reason of the vesting
of the Restricted Shares on the applicable Vesting Date.  Employee may make a Withholding Election only
if all of the following conditions are met:

 

(i)            the Withholding Election
must be made on or prior to the Vesting Date by executing and delivering to the
Company a properly completed Notice of Withholding Election, in substantially
the form of Exhibit A attached hereto; and

 

(ii)            any Withholding Election
made will be irrevocable; however, the Board of Directors may, in its sole
discretion, disapprove and give no effect to any Withholding Election.

 

(c)           Unless and until the
Employee provides for the payment of the tax withholding obligations in
accordance with the provisions of this Section 1, the Company shall have
no obligation to deliver any of the Vested Shares and may take any other
actions necessary to satisfy such obligations, including withholding of
appropriate sums from other amounts payable to the Employee.  At the request of the Employee, the Board of
Directors may authorize the Company to participate in such arrangements between
the Employee and a broker, dealer or other “creditor” (as defined by Regulation
T issued by the Board of Governors of the Federal Reserve System) acting on
behalf of the Employee for the receipt from such broker, dealer or other “creditor”
of cash by the Company in an amount necessary to satisfy the Employee’s tax
withholding obligations in exchange for delivery of a number of Vested Shares
directly to the broker, dealer or other “creditor” having a value equal to the
cash delivered.

 

3

 

2.             Issuance of Restricted Shares.

 

(a)           The Company shall issue the
Restricted Shares as of the Grant Date in either manner described below, as
determined by the Board of Directors in its sole discretion:

 

(i)            by the issuance of share
certificate(s) evidencing Restricted Shares to the Secretary of the
Company or such other agent of the Company as may be designated by the Board of
Directors or the Secretary (the “Share Custodian”); or

 

(ii)           by documenting the issuance
in uncertificated or book entry form on the Company’s stock records.

 

Evidence of the Restricted
Shares either in the form of share certificate(s) or book entry, as the
case may be, shall be held by the Company or Share Custodian, as applicable,
until the Restricted Shares become Vested Shares in accordance with the Vesting
Schedule.

 

(b)           When the Restricted Shares
become Vested Shares, the Company or the Share Custodian, as the case may be,
shall deliver the Vested Shares to the Employee or, at the Company’s election,
to a broker designated by the Company (the “Designated Broker”) by either
physical delivery of the share certificate(s) or book entry transfer, as
applicable, for the benefit of an account established in the name of the
Employee, in either case, after, to the extent applicable, payment by the
Employee of the tax withholding obligations pursuant to Section 1(a) and/or
reduced by any Vested Shares withheld and returned to the Company pursuant to Section 1(b) above
or delivered to a broker, dealer or other “creditor” as contemplated by Section 1(c) above
(such reduced number of Vested Shares are referred to in this Section 2(b) as
the “Net Vested Shares”).  If the number
of Vested Shares includes a fraction of a share, neither the Company nor the
Share Custodian shall be required to deliver the fractional share to the
Employee, and the Company shall pay the Employee the amount determined by the
Company to be the estimated Fair Market Value therefor.  At any time after receipt by the Designated
Broker, the Employee may require that the Designated Broker deliver the Net
Vested Shares to the Employee pursuant to such arrangements or agreements as
may exist between the Designated Broker and the Employee.

 

(c)           In the event that the
Employee forfeits any of the Restricted Shares, the Company shall cancel the
issuance on its stock records and, if applicable, the Share Custodian shall
promptly deliver the share certificate(s) representing the forfeited
shares to the Company.

 

(d)           Employee hereby irrevocably
appoints the Share Custodian, and any successor thereto, as the true and lawful
attorney-in-fact of Employee with full power and authority to execute any stock
transfer power or other instrument necessary to transfer any Restricted Shares
to the Company in accordance with this Award, in the name, place, and stead of
the Employee.  The term of such
appointment shall commence on the Grant Date of this Award and shall continue
until the last of the Restricted Shares are delivered to the Employee as Net
Vested Shares or are returned to the Company as forfeited Restricted Shares or
as Vested Shares withheld and returned to the Company pursuant to Section 1(b),
as provided by the applicable terms of this Award.

 

(e)           Unless and until the
Restricted Shares become Vested Shares, the Employee shall be entitled to all
rights applicable to holders of shares of Common Stock including, without

 

4

 

limitation, the right to
vote such shares and to receive dividends or other distributions thereon as
provided by Section 3, except as otherwise expressly provided in this
Award.

 

(f)            In the event the number of
shares of Common Stock is increased or reduced as a result of a subdivision or
combination of shares of Common Stock or the payment of a stock dividend or any
other increase or decrease in the number of shares of Common Stock or other
transaction such as a merger, reorganization or other change in the capital
structure of the Company, the Employee agrees that any certificate representing
shares of Common Stock or other securities of the Company issued as a result of
any of the foregoing shall be delivered to the Share Custodian or recorded in
book entry form, as applicable, and shall be subject to all of the provisions
of this Award as if initially granted hereunder.

 

3.             Acknowledgement by Employee
of Tax Election Opportunity.  Employee acknowledges that the award of the
Restricted Shares constitutes a transfer of property for federal income tax
purposes under Section 83 of the Internal Revenue Code and that the
Employee shall have the sole responsibility for determining whether to elect
early income tax treatment by making an election permitted under Subsection (b) of
Section 83 of the Internal Revenue Code and the sole responsibility for
effecting any such election in an appropriate and on a timely basis.

 

4.             Dividends.  The Employee shall be entitled to dividends
or other distributions paid or made on Restricted Shares but only as and when
the Restricted Shares to which the dividends or other distributions are
attributable become Vested Shares. 
Dividends paid on Restricted Shares will be held by the Company and
transferred to the Employee, without interest, on such date as the Restricted
Shares become Vested Shares.  Dividends
or other distributions paid on Restricted Shares that are forfeited shall be
retained by the Company.

 

5.             Restrictions on Transfer of
Restricted Shares.

 

(a)           General
Restrictions.  Except as
provided by this Award, the Employee shall not have the right to make or permit
to exist any transfer or hypothecation, whether outright or as security, with
or without consideration, voluntary or involuntary, of all or any part of any
right, title or interest in or to any Restricted Shares.  Any such disposition not made in accordance
with this Award shall be deemed null and void. 
The Company will not recognize, or have the duty to recognize, any
disposition not made in accordance with this Award, and any Restricted Shares
so transferred will continue to be bound by this Award.  The Employee (and any subsequent holder of
Restricted Shares) may not sell, pledge or otherwise directly or indirectly
transfer (whether with or without consideration and whether voluntarily or
involuntarily or by operation of law) any interest in or any beneficial
interest in any Restricted Shares except pursuant to the provisions of this
Award.  Any sale, pledge or other
transfer (or any attempt to effect the same) of any Restricted Shares in
violation of any provision of this Award shall be void, and the Company shall
not record such transfer, assignment, pledge or other disposition on its books
or treat any purported transferee or pledgee of such Restricted Shares as the owner
or pledgee of such Restricted Shares for any purpose.

 

(b)           Certain Permitted Transfers.  The restrictions contained in this Section 5
will not apply with respect to transfers of the Restricted Shares pursuant to
applicable laws of descent and distribution; provided
that the restrictions contained in this Section 5 will continue to be
applicable to the Restricted Shares after any such transfer; and provided further that the transferee(s) of such
Restricted Shares must agree in writing to be bound by the provisions of this
Award.

 

5

 

6.             Additional Restrictions on
Transfer.

 

(a)           Certificates
evidencing the Restricted Shares shall have noted conspicuously on the
certificate a legend required under applicable securities laws in addition to
any legends other legend(s) as the Company deems appropriate and the
Employee shall not make any transfer of the Restricted Shares without first
complying with the restrictions on transfer described in such legend.  Such legends may include the following:

 

TRANSFER
IS RESTRICTED

 

THE SHARES EVIDENCED BY THIS CERTIFICATE HAVE BEEN
ACQUIRED FOR INVESTMENT AND HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT
OF 1933, AS AMENDED (THE “ACT”) OR APPLICABLE STATE SECURITIES LAW (THE “STATE
ACTS”), AND MAY NOT BE OFFERED, SOLD OR OTHERWISE TRANSFERRED, PLEDGED OR
HYPOTHECATED UNLESS AND UNTIL REGISTERED UNDER THE ACT, THE STATE ACTS AND ANY
OTHER APPLICABLE SECURITIES LAWS UNLESS, IN THE OPINION OF COUNSEL SATISFACTORY
TO THE COMPANY, IN FORM AND SUBSTANCE SATISFACTORY TO THE COMPANY, SUCH
OFFER, SALE, TRANSFER, PLEDGE OR HYPOTHECATION IS EXEMPT FROM REGISTRATION OR
IS OTHERWISE IN COMPLIANCE WITH THE ACT, THE STATE ACTS AND ANY OTHER
APPLICABLE SECURITIES LAWS.

 

THE SHARES EVIDENCED BY THIS CERTIFICATE ARE SUBJECT
TO RESTRICTIONS ON TRANSFER AND FORFEITURE PROVISIONS WHICH ALSO APPLY TO THE
TRANSFEREE AS SET FORTH IN A RESTRICTED STOCK AWARD, DATED MARCH 30, 2010, COPIES OF WHICH ARE AVAILABLE FROM THE
COMPANY.

 

(b)           Opinion of Counsel.  No holder of Restricted Shares may sell,
transfer, assign, pledge or otherwise dispose of (whether with or without
consideration and whether voluntarily or involuntarily or by operation of law)
any interest in or any beneficial interest in any Restricted Shares, except (i) pursuant
to an effective registration statement under the Securities Act or (ii) in
a transaction that fully complies with Rule 144, without first delivering
to the Company an opinion of counsel (reasonably acceptable in form and
substance to the Company) that neither registration nor qualification under the
Securities Act and applicable state securities laws is required in connection
with such transfer.

 

7.             Change in Capitalization.

 

(a)           The number and
kind of Restricted Shares shall be proportionately adjusted for any increase or
decrease in the number of issued shares of Common Stock resulting from a
subdivision or combination of shares or the payment of a stock dividend in
shares of Common Stock to holders of outstanding shares of Common Stock or any
other increase or decrease in the number of shares of Common Stock outstanding
effected without receipt of consideration by the Company.  No fractional shares shall be issued in
making such adjustment.  All adjustments
made by the Board of Directors under this Section shall be final, binding,
and conclusive.

 

6

 

(b)           In the event of a merger,
consolidation, extraordinary dividend (including a spin-off), reorganization,
recapitalization, sale of substantially all of the Company’s assets, other
change in the capital structure of the Company, tender offer for shares of
Common Stock or a Change in Control, an appropriate adjustment may be made with
respect to the Restricted Shares such that other securities, cash or other
property may be substituted for the Common Stock held by Share Custodian or
recorded in book entry form pursuant to this Award.

 

(c)           The existence of the Award
shall not affect the right or power of the Company to make or authorize any
adjustment, reclassification, reorganization or other change in its capital or
business structure, any merger or consolidation of the Company, any issue of
debt or equity securities having preferences or priorities as to the Common
Stock or the rights thereof, the dissolution or liquidation of the Company, any
sale or transfer of all or part of its business or assets, or any other
corporate act or proceeding.

 

8.             Governing Laws.  This Award shall be construed, administered
and enforced according to the laws of the State of Georgia; provided, however,
no Restricted Shares shall be issued except, in the reasonable judgment of the
Board of Directors, in compliance with exemptions under applicable state
securities laws of the state in which the Employee resides, and/or any other
applicable securities laws.

 

9.             Successors.  This Award shall be binding upon and inure to
the benefit of the heirs, legal representatives, successors, and permitted
assigns of the parties.

 

10.           Notice.  Except as otherwise specified herein, all
notices and other communications under this Award shall be in writing and shall
be deemed to have been given if personally delivered or if sent by registered
or certified United States mail, return receipt requested, postage prepaid,
addressed to the proposed recipient at the last known address of the
recipient.  Any party may designate any
other address to which notices shall be sent by giving notice of the address to
the other parties in the same manner as provided herein.  Notices sent to the Company shall be
addressed to the attention of the Secretary of the Company.

 

11.           Severability.  In the event that any one or more of the
provisions or portion thereof contained in this Award shall for any reason be
held to be invalid, illegal, or unenforceable in any respect, the same shall
not invalidate or otherwise affect any other provisions of this Award, and this
Award shall be construed as if the invalid, illegal or unenforceable provision
or portion thereof had never been contained herein.

 

12.           Entire Agreement.  This Award expresses the entire understanding
and agreement of the parties with respect to the subject matter.  This Award may be executed in two or more
counterparts, each of which shall be deemed an original but all of which shall
constitute one and the same instrument.

 

13.           Headings and Capitalized
Terms.  Paragraph headings used herein
are for convenience of reference only and shall not be considered in construing
this Award.  Capitalized terms used, but
not defined, in this Award shall have the meaning ascribed to them in Section 16.

 

14.           Specific Performance.  In the event of any actual or threatened
default in, or breach of, any of the terms, conditions and provisions of this
Award, the party or parties who are thereby aggrieved shall have the right to
specific performance and injunction in addition to any and all other rights and
remedies at law or in equity, and all such rights and remedies shall be
cumulative.

 

7

 

15.           No Right to Continued
Service Relationship.  The grant
of the Restricted Shares made pursuant to this Award shall not be construed as
giving Employee the right to any continued service relationship with the
Company or any affiliate of the Company.

 

16.           Special Definitions.  For purposes of this Award, the following
terms shall have the meanings ascribed to them herein, as follows:

 

(a)           The term “Board of Directors”
means the Board of Directors of the Company.

 

(b)           The term “Cause” shall have
the same meaning given to the same term in the Employment Agreement between the
parties as may be in effect from time to time; provided, however, if any such
Employment Agreement ceases to exist, then the term shall have the same meaning
given the same term the last time such term was used in any such Employment
Agreement.

 

(c)           The term “Change in Control”
means, following the Grant Date,  the
acquisition by any one person, or more than one person acting as a group (other
than any person or more than one person acting as a group who is considered to
own more than fifty percent (50%) of the total voting power of the Company or
Atlantic Southern Bank (the “Bank”) prior to such acquisition) of stock of the
Company or the Bank that, together with stock held by such person or group,
constitutes more than fifty percent (50%) of the total voting power of the
stock of the Company or the Bank (as applicable).  Notwithstanding the foregoing, no Change in
Control shall be deemed to have occurred for purposes of this Subsection (c) by
reason of a merger, consolidation, reorganization or other transaction as to
which the holders of the capital stock of the Company before the transaction
continue after the transaction to hold, directly or indirectly through a
holding company or otherwise, shares of capital stock of the Company (or other
surviving company) representing more than fifty percent (50%) of the value or
ordinary voting power to elect directors of the capital stock of the Company
(or other surviving company).  For
purposes of this Subsection (c), persons will be considered to be acting as a
group if they are owners of a corporation that enters into a merger,
consolidation, purchase or acquisition of stock, or similar business
transaction with the Company.

 

(d)           The term “Disability” means
by reason of any medically determinable physical or mental impairment which can
be expected to result in death or can be expected to last for a continuous
period of not less than twelve (12) months that results in Employee (i) being
unable to engage in any substantial gainful activity; or (ii) receiving
income replacement benefits for a period of not less than three (3) months
under the Bank’s long-term disability plan covering the Employee.  The determination of whether the Employee is
subject to a Disability shall be made by the Company.

 

(e)           The term “Fair Market Value”
means the fair market value of a share of Common Stock as determined by the
Board of Directors taking into account such facts and circumstances deemed to
be material by the Board of Directors to the value of the Common Stock in the
hands of the Employee.

 

8

 

EXHIBIT A

 

NOTICE OF WITHHOLDING ELECTION

ATLANTIC
SOUTHERN FINANCIAL GROUP, INC.

RESTRICTED
STOCK AWARD

 

	
  TO:

  	
   

  	
  Atlantic Southern
  Financial Group, Inc.

  
	
   

  	
   

  	
   

  
	
  FROM:

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  RE:

  	
   

  	
  Withholding Election

  

 

This election relates to the
Restricted Stock Award identified in Paragraph 3 below. I hereby certify that:

 

(1)             My correct name and social security number and my current address are set
forth at the end of this document.

 

(2)             I am (check one, whichever is applicable).

 

o            the original recipient of the Restricted Stock
Award.

 

o            the legal representative of
the estate of the original recipient of the Restricted Stock Award.

 

o            a legatee of the original
recipient of the Restricted Stock Award.

 

o            the legal guardian of the
original recipient of the Restricted Stock Award.

 

(3)             The Resticted Stock Award pursuant to which this election relates was
issued in the name of Edward P. Loomis, Jr. for a total of 68,965 shares
of Common Stock. This election relates to             
shares of Common Stock to be delivered upon the vesting of a portion of the
Restricted Shares, provided that the numbers set forth above shall be deemed
changed as appropriate to reflect stock splits and other adjustments
contemplated by the Restricted Stock Award.

 

(4)             I hereby elect to have certain of the Vested Shares withheld and returned
to the Company, rather than delivered to me, for the purpose of having the
value of such shares applied to pay minimum required federal, state and local,
if any, tax withholding obligations arising from the vesting event.

 

The fair
market value of the Vested Shares to be withheld and returned to the Company
shall be equal to the minimum statutory tax withholding requirements under
federal, state and local law in connection with the vesting event, reduced by
the amount of any cash or certified check payment tendered by me to the Company
in partial payment of such tax withholding obligations.

 

(5)             I understand that this Withholding Election is made prior to the Vesting
Date and is otherwise timely made pursuant to Section 1 of the Restricted
Stock Award.

 

(6)             I further understand that, if this Withholding Election is not disapproved
by the Board of Directors, the Company shall withhold from the Vested Shares a
whole number of shares of Common Stock having the value specified in Paragraph
4 above.

 

1

 

(7)             I have read and understand the provisions of the Restricted Stock Award
and I have no reason to believe that any of the conditions therein to the
making of this Withholding Election have not been met. Capitalized terms used
in this Notice of Withholding Election without definition shall have the
meanings given to them in the Restricted Stock Award.

 

	
  Dated:

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Signature:

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  
	
  Name (Printed)

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  
	
  Street Address

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  City, State, Zip Code

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  
	
  Social Security Number

  	
   

  

 

2Exhibit
10.34

 

THIRD
AMENDMENT

TO

CREDIT
AGREEMENT

 

This THIRD AMENDMENT (this “Third Amendment”) to the Credit
Agreement (as defined below), dated as of March 31, 2010 (the “Third Amendment Effective Date”) is
entered into by and among NCO GROUP, INC. (the “Parent
Borrower”), NCO FINANCIAL SYSTEMS, INC. (the “Subsidiary Borrower” and, together
with the Parent Borrower, collectively, the “Borrower”),
certain Guarantors under the Credit Agreement (as defined below) (the “Guarantors”), CITIZENS BANK OF
PENNSYLVANIA (“Citizens”), as Administrative
Agent, Citizens Bank of Pennsylvania as sole Issuing Bank, the Required Lenders
and the Swing Line Bank pursuant to the Credit Agreement.

 

The “Credit
Agreement” is that certain Credit Agreement dated as of November 15,
2006, among Collect Acquisition Corp., the Initial Subsidiary Borrower, Collect
Holdings, Inc. (now known as NCO Group, Inc.), a Delaware
corporation, the Subsidiary Guarantors party thereto, the Lenders party
thereto, the Issuing Banks, the Swing Line Bank, Morgan Stanley & Co.
Incorporated (“MS&Co”), as collateral
agent for the Secured Parties and Morgan Stanley Senior Funding, Inc. (“MSSF’) as administrative agent for
the Lender Parties, as amended pursuant to the First Amendment to Credit
Agreement dated as of February 8, 2008 pursuant to which certain
provisions of the Credit Agreement were amended and pursuant to which Citizens
replaced MS&Co and MSSF as collateral
agent and administrative agent, and as amended pursuant to the Second Amendment
to Credit Agreement dated as of March 25, 2009 pursuant to which certain
provisions of the Credit Agreement were amended (the “Existing Credit Agreement”), and such Credit
Agreement as it may
be further amended, restated, supplemented or otherwise modified from time to
time.  All capitalized terms not
otherwise defined herein have the meanings set forth in the Credit Agreement
after giving effect to this Third Amendment (the “As-Amended
Credit Agreement”).

 

A.            The Borrower has requested that the Existing Credit Agreement
be amended to, among other things, modify certain covenants, and permit the
subsequent extension of the Termination Date of the Revolving Credit Facility
and of the Letter of Credit Facility and Swing Line Facility upon consent of
the Issuing Bank and the Swing Line Bank, in each case on terms and subject to
conditions more particularly set forth in this Third Amendment, for certain
subsequently consenting Lenders’ Revolving Credit Commitments.

 

B.            Any Lender that executes and delivers a signature page to
this Third Amendment shall be deemed to have agreed to this Third Amendment.

 

C.            The Required Lenders are willing to effect the amendments
set forth herein on the terms and subject to the conditions of this Third
Amendment.

 

Accordingly, in consideration
of the mutual agreements herein contained and other good and valuable
consideration, the sufficiency and receipt of which are hereby acknowledged,
the parties hereto agree as follows:

 

SECTION 1.  Amendment of the Credit
Agreement.  The Credit
Agreement is hereby amended, effective as of the Third Amendment Effective
Date, as follows:

 

1.  Section 1.01
of the Credit Agreement (Certain Defined Terms) is hereby amended by
inserting the following definitions in alphabetical order:

 

 

“Net Portfolio Collections” means, for any applicable period, without duplication, (a) the cash and
Cash Equivalents received by Parent or its Subsidiaries pursuant to the payment
in satisfaction of receivables or obligations constituting Portfolio Management
Assets during such period, or the sale, in part, of the Portfolio Management
Business (however structured) during such period (a “Portfolio
Sale”), less (b) the sum of the following: (x) the
sum of the following paid during such period: (i) collection or servicing
fees in respect of Portfolio Management Assets, (ii) payments made for
Investments in or purchases of Portfolio Management Assets, (iii) payments
of principal or interest on any Portfolio Management Financing and (iv) dividends
or other distributions by a Portfolio JV or Portfolio Management Subsidiary to
any Person that is not Parent or any of its Subsidiaries, plus (y) the
sum of the following amounts: (i) the reasonable and customary
out-of-pocket costs, fees, commissions, premiums and expenses incurred by the
Parent or its Subsidiaries in connection with
such Portfolio Sale, and (ii) federal, state, provincial, foreign
and local taxes reasonably estimated (on a Consolidated basis) to be actually
payable within the current or the immediately succeeding tax year as a result
of any gain recognized in connection with
such Portfolio Sale. For the avoidance of doubt, a sale of the whole Portfolio
Management Business (however structured) is not considered a Portfolio Sale.

 

“Net Portfolio Prepayments” means, with respect to any Fiscal Year, the aggregate amount of all prepayments
of the Term B Advances or Term B Facility made pursuant to Section 2.06(b)(vii) during
such Fiscal Year.

 

“Third Amendment” means that
certain Third Amendment to Credit Agreement dated March 31, 2010 among the
Initial Borrower, the Initial Subsidiary Borrower, the Guarantors, Citizens,
and the Lenders party thereto.

 

“Third
Amendment Effective Date” has the meaning specified in Section 2
of the Third Amendment.

 

2.  Section 2.06(b)(i) (Prepayments.
Mandatory) is hereby amended by deleting such subsection in its entirety
and replacing it with the following:

 

(i) The
Borrower shall, (A) on the 90th day following the end of each Fiscal Year,
beginning with the Fiscal Year ending in 2010, prepay an aggregate principal
amount of the Advances comprising part of the same Borrowings in an amount
equal to, (x) at any time when the Leverage Ratio (as at the end of such
Fiscal Year) is greater than or equal to 3.50:1.00, 75% of Excess Cash Flow for
such Fiscal Year minus (I) the aggregate principal
amount of all optional prepayments of Term B Advances made during such period
(excluding any amount funded through the utilization of the Available Excess
Cash Flow or with proceeds from the issuance of Debt or Equity Interests) and (II) Net
Portfolio Prepayments made during such Fiscal Year, and (y) at all other
times, 50% of Excess Cash Flow for such Fiscal Year minus (I) the
aggregate principal amount of all optional prepayments of Term B Advances made
during such period (excluding any amount funded through the utilization of the
Available Excess Cash Flow or with proceeds from the issuance of Debt or Equity
Interests) and (II) Net Portfolio Prepayments made during such Fiscal
Year, and (B) on the date of making any Restricted Payment pursuant to Section 5.02(g)(ii),
prepay an aggregate principal amount of the Advances comprising part of the
same Borrowings in an amount equal to the amount of such Restricted Payment.
Each such prepayment shall be applied first to
the principal

 

2

 

installments of the Term B
Facility scheduled for amortization and interest thereon on a pro rata basis
and second to the Revolving
Credit Facility as set forth in clause (v) below.

 

3.  Section 2.06(b) (Prepayments.
Mandatory) is hereby amended by the addition of a new clause (vii) thereof, stating in its entirety as follows:

 

(vii) The
Borrower shall, beginning with the second
fiscal quarter of Fiscal Year 2010, within the 45th day following the end of each of the first, second
and third fiscal quarters of a Fiscal Year, prepay an aggregate principal
amount of the Term B Advances in an amount equal to 75% of the Net Portfolio
Collections for such fiscal quarter; provided that, notwithstanding
anything to the contrary herein, except to the extent that the Borrower otherwise
notifies the Administrative Agent in writing prior to or concurrently with the making
of the applicable payment, any payments on the Term B Facility made during any
fiscal quarter (or during the 45 day period immediately following such fiscal
quarter) shall be deemed to be a payment (or prepayment) made pursuant to this Section 2.06(b)(vii) with
respect to such fiscal quarter until the aggregate amount required to have been
prepaid with respect to such fiscal quarter pursuant to this Section 2.06(b)(vii) has
been paid, whereupon any amounts prepaid in excess of such amounts shall be
deemed to be a payment (or prepayment) made pursuant to this Section 2.06(b)(vii) with
respect to the immediately succeeding fiscal quarter (or, if such required
prepayment under this Section 2.06(b)(vii) for such immediately
succeeding fiscal quarter has been made, then such payments shall be applied to
such prepayment obligations in respect of the successive fiscal quarters within
the same Fiscal Year); provided, further, that to the extent the
aggregate amounts so prepaid during any Fiscal Year exceeds the amount required
to be prepaid with respect to the first three quarters of such Fiscal Year pursuant
to this Section 2.06(b)(vii), such excess amount shall be subtracted from
the amount that the Borrower otherwise would have been required to prepay
pursuant to Section 2.06(b)(i) with respect to such Fiscal Year.  Each such prepayment shall be
applied to the principal
installments of the Term B Facility scheduled for amortization and interest
thereon on a pro rata basis.  Notwithstanding anything to the contrary
herein, for the avoidance of doubt, Section 2.06(b)(ii) shall not
apply with respect to any Portfolio Sales, and any mandatory prepayment
obligations relating to Portfolio Sales shall arise solely under this Section 2.06(b)(vii).
For the avoidance of doubt, Section 2.06(b)(ii) shall apply with
respect to the sale, in whole, of the Portfolio Management Business (however
structured) and any mandatory prepayment obligations relating to such sale
shall arise solely under Section 2.06(b)(ii).

 

4.  Section 5.02(f)(xv)
(Investments in Other Persons) is hereby amended by deleting such
subsection in its entirety and replacing it with the following:

 

(xv)       (A) Investments in and purchases of Portfolio Management
Assets made or held by Portfolio JVs or Portfolio Management Subsidiaries to
the extent that such Investments or purchases are funded by Persons that are
not Affiliates of the Loan Parties and are either joint venturers or investors
in or lenders to, such Portfolio JVs or Portfolio Management Subsidiaries; (B) Investments in and purchases of
Portfolio Management Assets in an aggregate amount not to exceed, in the case
of this clause (B), (x) $20 million of such Investments made in Fiscal
Year 2010, and (y) $10 million of such Investments made in each Fiscal
Year thereafter; and/or (C) Investments in and purchases of Portfolio
Management Assets that are held by Parent or any of its Subsidiaries on the
Third Amendment Effective Date to the extent permitted to be made under this Agreement as in
effect when such investment or purchase was made; provided that,

 

3

 

notwithstanding any other provision of this Agreement
or any other Loan Document, the Parent will not at any time after the Third
Amendment Effective Date, make or hold, or permit any of its Subsidiaries to
make or hold, any Investments in and purchases of Portfolio Management Assets
other than as expressly permitted by this subsection 5.02(f)(xv); and

 

5.  Section 5.02(j) (Prepayments,
Etc., of Debt) is hereby amended by deleting part (D) of clause (i) thereof,
and replacing such part (D) with the following:

 

(D) so
long as no Default or Event of Default has occurred and is continuing, any
prepayment, repurchase or redemption of the Senior Notes, the Senior
Subordinated Notes or Refinanced Notes (including, without limitation, pursuant
to open market purchases or secondary market purchases at a discount) (1) with
the proceeds of Refinanced Notes or (2) with Net Cash Proceeds of Equity
Interests (excluding Disqualified Stock) issued by the Borrower, provided that
such prepayment, repurchase or redemption occurs within twelve (12) months
following the date that such Net Cash Proceeds of such Equity Interests are
received.

 

6.  Section 5.03(n) (Reporting
Covenants) is hereby amended by
deleting such subsection in its entirety and replacing it with the following:

 

(n)           Reporting on Investments in
Portfolio Management Assets.

 

Together
with the schedules and Chief Financial Officer certificates delivered pursuant
to Section 5.03(b) (Annual Financials) for each Fiscal Year ending on
or after December 31, 2010, computations and reporting, in form and
substance reasonably acceptable to the Administrative Agent, regarding the
purchases of Portfolio Management Assets made in such Fiscal Year pursuant to Section 5.02(f)(xv)(B).

 

7.  Section 5.04(a) (Leverage
Ratio) is hereby amended by deleting from the table in such Section all
rows with respect to any Measurement Period ending on any date during 2010 or
thereafter and replacing such rows with the following:

 

	
  Measurement
  Period Ending

  	
   

  	
  Ratio

  
	
   

  	
   

  	
   

  
	
  March 31,
  2010

  	
   

  	
  5.75:1

  
	
   

  	
   

  	
   

  
	
  June 30,
  2010

  	
   

  	
  5.75:1

  
	
   

  	
   

  	
   

  
	
  September 30,
  2010

  	
   

  	
  5.75:1

  
	
   

  	
   

  	
   

  
	
  December 31,
  2010

  	
   

  	
  5.75:1

  
	
   

  	
   

  	
   

  
	
  March 31,
  2011

  	
   

  	
  5.65:1

  
	
   

  	
   

  	
   

  
	
  June 30,
  2011

  	
   

  	
  5.50:1

  
	
   

  	
   

  	
   

  
	
  September 30,
  2011

  	
   

  	
  5.25:1

  
	
   

  	
   

  	
   

  
	
  December 31,
  2011

  	
   

  	
  5.25:1

  

 

4

 

	
  March 31,
  2012

  	
   

  	
  5.00:1

  
	
   

  	
   

  	
   

  
	
  June 30,
  2012

  	
   

  	
  4.75:1

  
	
   

  	
   

  	
   

  
	
  September 30,
  2012

  	
   

  	
  4.50:1

  
	
   

  	
   

  	
   

  
	
  December 31,
  2012

  	
   

  	
  4.50:1

  
	
   

  	
   

  	
   

  
	
  March 31, 2013 and thereafter

  	
   

  	
  4.00:1

  

 

8.  Section 5.04(b) (Interest
Coverage Ratio) is hereby amended by deleting from the table in such Section all
rows for Measurement Periods ending on any date during 2010 or thereafter, and
replacing them with the following:

 

	
  Measurement Period:

  	
   

  	
  Ratio

  
	
  All
  Measurement Periods ending during 2010

  	
   

  	
  1.80:1

  
	
   

  	
   

  	
   

  
	
  Measurement
  Periods ending on March 31, 2011 and June 30, 2011

  	
   

  	
  1.85:1

  
	
   

  	
   

  	
   

  
	
  Measurement
  Periods ending on September 30, 2011 and December 31, 2011

  	
   

  	
  1.90:1

  
	
   

  	
   

  	
   

  
	
  Measurement
  Periods ending on March 31, 2012 and June 30, 2012

  	
   

  	
  1.95:1

  
	
   

  	
   

  	
   

  
	
  Measurement
  Periods ending on September 30, 2012 and December 31, 2012

  	
   

  	
  2.00:1

  
	
   

  	
   

  	
   

  
	
  All
  Measurement Periods ending during 2013 and thereafter

  	
   

  	
  2.10:1

  

 

9.  The Required
Lenders hereby authorize the Administrative Agent at any time after the Third
Amendment Effective Date but prior to the Termination Date of the Term B
Facility to enter into an amendment of the Credit Agreement that (i) seeks
to extend the Termination Date of all or a part of the Revolving Credit
Commitments of one or more Lenders under the Revolving Credit Facility up to
the Termination Date of the Term B Facility (May 15, 2013) with the
consent of each Lender holding Revolving Credit Commitments that agrees to
extend (provided at least a majority in aggregate of the Revolving Credit
Commitments in effect as of the Third Amendment Effective Date are so similarly
extended), or with respect to any such Lender that does not so consent, a
replacement Lender that shall agree to assume and extend all or a portion of
such non-consenting Lender’s Revolving Credit Commitments from and after the existing
Termination Date (but, in each case, without the consent of any other Lenders),
(ii) to the extent such Revolving Credit Commitments are so extended,
seeks to similarly extend in whole or in part the Swing Line Commitments and/or
the Letter of Credit Commitments under the Swing line Facility and/or Letter of
Credit Facility, as applicable, up to the Termination Date of the Term B
Facility (May 15, 2013) with the consent of Swing Line Bank and/or the
Issuing Bank as applicable, and (iii) effects such other amendments to the
Credit Agreement and the other Loan Documents as may be necessary or
appropriate, in the opinion of the Administrative Agent, to effect such
extensions (including 

 

5

 

without limitation,
modifying the Applicable Margin applicable to the Revolving Credit Commitments
being extended, decreasing the aggregate amount of the Revolving Credit
Commitments in connection with such extension and allocating repayments as
between consenting and non-consenting Revolving Credit Lenders on the existing
Termination Date to give effect to the extension). The Borrowers may pay an
extension fee to, and as agreed with, such consenting Revolving Credit Lenders,
the Swing Line Bank, the Issuing Bank and the Administrative Agent with respect
to such extension without having any obligation to make any additional payments
with respect to such extension to non-consenting Revolving Credit Lenders or
Term B Lenders, which fees, notwithstanding that such fees are payments with
respect to a Commitment, shall not constitute an Obligation for purposes of the
Credit Agreement. Other than as described
above, the terms applicable to each of the extended Revolving Credit Facility,
Swing Line Facility and Letter of Credit Facility shall be identical to the
terms of the applicable Facility in effect as of the Third Amendment Effective
Date. Nothing herein shall be
construed to imply that the Revolving Credit Advances of any Revolving Credit
Lender will be paid in full later than the then-current Termination Date of the
Revolving Credit Facility without the consent of such Revolving Credit Lender.

 

SECTION 2.  Conditions to Effectiveness.  The effectiveness of this Third Amendment
shall be the date on which all of the following conditions precedent have been
satisfied or have been waived or deferred by Citizens as Administrative Agent
(except that item (1) below may not be waived or deferred) (the “Third Amendment  Effective Date”):

 

1.  Citizens shall have received this Third
Amendment, executed and delivered by a duly authorized officer of each of the
Loan Parties and shall have received written consents to this Third Amendment
executed by the Required Lenders, the Issuing Bank and the Swing Line Bank.

 

2.  The Administrative Agent shall have received (i) on
behalf of each Lender who has executed this Third Amendment, a nonrefundable
amendment fee equal to 0.375% of the sum of such Lender’s Revolving Credit
Commitment (whether used or unused) and outstanding Term B Advances as of the
Third Amendment Effective Date, which fee shall be fully earned and payable on
the Third Amendment Effective Date, and (ii) all fees due and fully earned
and payable to the Administrative Agent on or prior to the Third Amendment
Effective Date, including, to the extent invoiced on or before the Third
Amendment Effective Date, reimbursement or other payment of all out-of-pocket
expenses required to be reimbursed or paid by the Borrower hereunder or under
any other Loan Documents (including the reasonable fees, charges and
disbursements of Latham & Watkins LLP, counsel to the Administrative
Agent, incurred in connection with this Third Amendment).

 

3.  Immediately after giving effect to this Third
Amendment, no Default or Event of Default shall have occurred and be
continuing.

 

SECTION 3.  Representations and
Warranties.  To induce
the other parties hereto to enter into this Third Amendment, each of the Loan
Parties represents and warrants to each of the Lenders and the Administrative
Agent that, as of the Third Amendment Effective Date:

 

1.  This Third Amendment has been duly
authorized, executed and delivered by the Loan Parties and this Third Amendment
constitutes each of the Loan Parties’ legal, valid and binding obligation,
enforceable against it in accordance with its terms except as such
enforceability may be limited by bankruptcy, insolvency, reorganization,
moratorium or other similar laws 

 

6

 

affecting creditors’ rights
generally and by general principles of equity (regardless of whether such
enforceability is considered in a proceeding at law or in equity).

 

2.  The representations and warranties of the
Loan Parties set forth in each Loan Document are, after giving effect to this
Third Amendment, true and correct in all material respects on and as of the
Third Amendment Effective Date, or, with respect to representations and
warranties that are specifically made as of an earlier date, as of such date.

 

3.  No Default or Event of Default has occurred
and is continuing or will be caused by the Third Amendment.

 

SECTION 4.  Effect of Amendment.  Except as expressly set forth herein, this
Third Amendment shall not by implication or otherwise limit, impair, constitute
a waiver of or otherwise affect the rights and remedies of the Lenders, the
Administrative Agent or the Collateral Agent under the Credit Agreement or any
other Loan Document, and shall not alter, modify, amend or in any way affect
any of the terms, conditions, obligations, covenants or agreements contained in
the Credit Agreement or any other provision of the Credit Agreement or of any
other Loan Document, all of which are ratified and affirmed in all respects and
shall continue in full force and effect (in each case as amended hereby).  Except to the extent expressly provided in
paragraph 9 of Section 1 hereof, nothing herein shall be deemed to entitle
the Borrower to a further consent to, or a further waiver, amendment,
modification or other change of, any of the terms, conditions, obligations, covenants
or agreements contained in the Credit Agreement or any other Loan Document in
similar or different circumstances.

 

Upon and after the Third
Amendment Effective Date, each reference in the Credit Agreement to “this
Agreement”, “hereunder”, “hereof” or words of like import referring to the
Credit Agreement, and each reference in the other Loan Documents to “the Credit
Agreement”, “thereunder”, “thereof” or words of like import referring to the
Credit Agreement, shall mean and be a reference to the Credit Agreement as
amended hereby.  This Third Amendment is
a “Loan Document.”

 

Without limiting the
generality of the foregoing, the Collateral Documents and all of the Collateral
described therein do and shall continue to secure the payment and performance
of all Obligations under and as defined therein.

 

SECTION 5.  Fees, Costs and Expenses.  The Borrower agrees to pay to the
Administrative Agent such fees, and to reimburse the Administrative Agent for
its reasonable out of pocket expenses in connection with this Third Amendment,
including the reasonable fees, charges and disbursements of outside counsel to
Administrative Agent in connection with this Third Amendment, as has been
previously agreed between the Borrower and the Administrative Agent.

 

SECTION 6.  Counterparts.  This Third Amendment may be executed in any
number of counterparts and by different parties hereto in separate
counterparts, each of which when so executed and delivered shall be deemed an
original, but all such counterparts together shall constitute but one and the
same instrument.  Delivery of any
executed counterpart of a signature page of this Third Amendment by
facsimile transmission or electronic transmission shall be as effective as
delivery of a manually executed counterpart hereof.

 

SECTION 7.  Acknowledgement and Consent.  Each Guarantor and the Borrower are referred
to herein as a “Credit
Support Party” and collectively as the “Credit Support Parties”, and the Loan
Documents to which they are a party are collectively referred to herein as the “Credit Support Documents”.

 

7

 

Each Credit Support Party
hereby acknowledges that it has reviewed the terms and provisions of the
Existing Credit Agreement and this Third Amendment and consents to the
amendment of the Existing Credit Agreement effected pursuant to this Third
Amendment.  Each Credit Support Party
hereby confirms that each Credit Support Document to which it is a party or is
otherwise bound and all Collateral encumbered thereby will continue to
guarantee or secure, as the case may be, to the fullest extent possible in
accordance with the Credit Support Documents the payment and performance of all
“Obligations” under each of the Credit Support Documents to which is a party
(in each case as such terms are defined in the applicable Credit Support
Document).

 

Each Credit Support Party
acknowledges and agrees that any of the Credit Support Documents to which it is
a party or otherwise bound shall continue in full force and effect and that all
of its obligations thereunder shall be valid and enforceable and shall not be
impaired or limited by the execution or effectiveness of this Third Amendment.

 

Each Credit Support Party
acknowledges and agrees that (i) notwithstanding the conditions to
effectiveness set forth in this Third Amendment, the terms of the Existing
Credit Agreement and other Credit Support Documents do not require the consent
of any Credit Support Party (other than the Borrower) for the effectiveness of
the amendments to the Credit Agreement effected pursuant to this Third
Amendment and (ii) nothing in the Existing Credit Agreement, this Third
Amendment or any other Credit Support Document shall be deemed to require the
consent of such Credit Support Party to any future amendments to the As-Amended
Credit Agreement.

 

SECTION 8.  Applicable Law.  THIS THIRD AMENDMENT SHALL BE GOVERNED BY,
AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK.

 

SECTION 9.  Headings.  The headings of this Third Amendment are for
purposes of reference only and shall not limit or otherwise affect the meaning
hereof.

 

SECTION 10.  Release.     In
consideration of, among other things, the Administrative Agent’s and the
Lenders’ execution and delivery of this Third Amendment, the Borrower and each
of the Guarantors, on behalf of itself and its agents, representatives,
officers, directors, advisors, employees, subsidiaries, successors and assigns
(collectively, “Releasors”), hereby forever agrees and covenants not to
sue or prosecute against any Releasee (as hereinafter defined) in respect of, and hereby forever waives, releases and discharges, to the
fullest extent permitted by law, each Releasee (as hereinafter defined) from
any and all claims (including, without limitation, crossclaims, counterclaims,
rights of set-off and recoupment), actions, causes of action, suits, debts,
damages and consequential damages,  or
claims whatsoever (collectively, the “Claims”), that such Releasor has
as of the date hereof, of whatsoever nature and kind, whether known or unknown,
whether arising at law or in equity, against any or all of the Lender Parties,
the Administrative Agent and/or the Collateral Agent in any capacity and their
respective affiliates, subsidiaries, shareholders and “controlling persons”
(within the meaning of the federal securities laws), and their respective
successors and assigns and each and all of the officers, directors, employees,
agents, attorneys and other representatives of each of the foregoing
(collectively, the “Releasees”), based in whole or in part on facts,
whether or not now known, existing on or before the date hereof, that relate
to, arise out of or otherwise are in connection with any or all of the Loan
Documents or transactions contemplated thereby or any actions or omissions in
connection therewith.  In entering into
this Third Amendment, the Borrower and each Guarantor consulted with, and has
been represented by, legal counsel and expressly disclaims any reliance on any
representations, acts or omissions by any of the Releasees and hereby agrees
and acknowledges that the validity and effectiveness of the releases set forth
above do not depend in any way on any such representations, acts and/or
omissions or the accuracy, completeness or validity hereof.  The provisions of this Section shall
survive the termination of this Third Amendment, the Credit Agreement, the
other Loan Documents and payment in full of the Obligations.

 

8

 

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

 

	
   

  	
   

  	
  Borrower:

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  NCO
  GROUP, INC.

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/
  John R. Schwab

  
	
   

  	
   

  	
  Name:

  	
  John
  R. Schwab

  
	
   

  	
   

  	
  Title:

  	
  Executive
  Vice President, Finance,

  
	
   

  	
   

  	
   

  	
  Chief
  Financial Officer, Treasurer and

  
	
   

  	
   

  	
   

  	
  Assistant
  Secretary

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  NCO
  FINANCIAL SYSTEMS, INC.

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/
  John R. Schwab

  
	
   

  	
   

  	
  Name:

  	
  John
  R. Schwab

  
	
   

  	
   

  	
  Title:

  	
  Chief
  Financial Officer, Executive

  
	
   

  	
   

  	
   

  	
  Vice
  President, Treasurer and

  
	
   

  	
   

  	
   

  	
  Assistant
  Secretary

  

 

[Signature Page to Third Amendment]

 

 

	
   

  	
   

  	
  Subsidiary
  Guarantors:

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  NCO ACI
  Holdings, Inc.

  
	
   

  	
   

  	
  (f/k/a
  AssetCare, Inc.)

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/
  John R. Schwab

  
	
   

  	
   

  	
  Name:

  	
  John
  R. Schwab

  
	
   

  	
   

  	
  Title:

  	
  Chief
  Financial Officer, Executive

  
	
   

  	
   

  	
   

  	
  Vice
  President, Treasurer and

  
	
   

  	
   

  	
   

  	
  Assistant
  Secretary

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  NCO Customer
  Management, Inc.

  
	
   

  	
   

  	
  (f/k/a RMH
  Teleservices, Inc.)

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/
  John R. Schwab

  
	
   

  	
   

  	
  Name:

  	
  John
  R. Schwab

  
	
   

  	
   

  	
  Title:

  	
  Chief
  Financial Officer and Treasurer

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  NCO Funding, Inc.

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/
  Gail Ball

  
	
   

  	
   

  	
  Name:

  	
  Gail
  Ball

  
	
   

  	
   

  	
  Title:

  	
  Vice
  President and Treasurer

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  NCO Group
  International, Inc.

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/
  Gail Ball

  
	
   

  	
   

  	
  Name:

  	
  Gail
  Ball

  
	
   

  	
   

  	
  Title:

  	
  Vice
  President and Treasurer

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  NCO Holdings, Inc.

  
	
   

  	
   

  	
  (f/k/a Management
  Adjustment Bureau Funding, Inc.)

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/
  Gail Ball

  
	
   

  	
   

  	
  Name:

  	
  Gail
  Ball

  
	
   

  	
   

  	
  Title:

  	
  Vice
  President and Treasurer

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  NCO Portfolio
  Management, Inc.

  
	
   

  	
   

  	
  (f/k/a NCPM Acquisition
  Corporation)

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/
  Gail Ball

  
	
   

  	
   

  	
  Name:

  	
  Gail
  Ball

  
	
   

  	
   

  	
  Title:

  	
  Vice
  President and Treasurer

  

 

 

	
   

  	
   

  	
  NCO Support Services, LLC

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/
  John R. Schwab

  
	
   

  	
   

  	
  Name:

  	
  John
  R. Schwab

  
	
   

  	
   

  	
  Title:

  	
  Chief
  Financial Officer, Treasurer and

  
	
   

  	
   

  	
   

  	
  Assistant
  Secretary

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  NCO Teleservices, Inc.

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/
  John R. Schwab

  
	
   

  	
   

  	
  Name:

  	
  John
  R. Schwab

  
	
   

  	
   

  	
  Title:

  	
  Chief
  Financial Officer, Executive

  
	
   

  	
   

  	
   

  	
  Vice
  President, Treasurer and

  
	
   

  	
   

  	
   

  	
  Assistant
  Secretary

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  NCOP I, LLC

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/
  Joshua Gindin

  
	
   

  	
   

  	
  Name:

  	
  Joshua
  Gindin

  
	
   

  	
   

  	
  Title:

  	
  Secretary

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  NCOP II, LLC

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/
  Joshua Gindin

  
	
   

  	
   

  	
  Name:

  	
  Joshua
  Gindin

  
	
   

  	
   

  	
  Title:

  	
  Secretary

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  NCOP III, LLC

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/
  Joshua Gindin

  
	
   

  	
   

  	
  Name:

  	
  Joshua
  Gindin

  
	
   

  	
   

  	
  Title:

  	
  Secretary

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  NCOP IV, LLC

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/
  Joshua Gindin

  
	
   

  	
   

  	
  Name:

  	
  Joshua
  Gindin

  
	
   

  	
   

  	
  Title:

  	
  Secretary

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  NCOP V, LLC

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/
  Joshua Gindin

  
	
   

  	
   

  	
  Name:

  	
  Joshua
  Gindin

  
	
   

  	
   

  	
  Title:

  	
  Secretary

  

 

 

	
   

  	
   

  	
  NCOP VI, LLC

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/
  Joshua Gindin

  
	
   

  	
   

  	
  Name:

  	
  Joshua
  Gindin

  
	
   

  	
   

  	
  Title:

  	
  Secretary

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  NCOP VII, LLC

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/
  Joshua Gindin

  
	
   

  	
   

  	
  Name:

  	
  Joshua
  Gindin

  
	
   

  	
   

  	
  Title:

  	
  Secretary

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  NCOP VIII, LLC

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/
  Joshua Gindin

  
	
   

  	
   

  	
  Name:

  	
  Joshua
  Gindin

  
	
   

  	
   

  	
  Title:

  	
  Secretary

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  NCOP IX, LLC

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/
  Joshua Gindin

  
	
   

  	
   

  	
  Name:

  	
  Joshua
  Gindin

  
	
   

  	
   

  	
  Title:

  	
  Secretary

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  NCOP Capital Resource, LLC

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/
  John R. Schwab

  
	
   

  	
   

  	
  Name:

  	
  John
  R. Schwab

  
	
   

  	
   

  	
  Title:

  	
  Chief
  Financial Officer, Executive

  
	
   

  	
   

  	
   

  	
  Vice
  President, Treasurer and

  
	
   

  	
   

  	
   

  	
  Assistant
  Secretary

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  NCOP Financing, Inc.

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/
  Gail Ball

  
	
   

  	
   

  	
  Name:

  	
  Gail
  Ball

  
	
   

  	
   

  	
  Title:

  	
  Vice
  President and Treasurer

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  NCOP Nevada
  Holdings, Inc.

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/
  Joshua Gindin

  
	
   

  	
   

  	
  Name:

  	
  Joshua
  Gindin

  
	
   

  	
   

  	
  Title:

  	
  Secretary

  

 

 

	
   

  	
   

  	
  NCOP Services, Inc.

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/
  Joshua Gindin

  
	
   

  	
   

  	
  Name:

  	
  Joshua
  Gindin

  
	
   

  	
   

  	
  Title:

  	
  Secretary

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  NCOP/Marlin, Inc.

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/
  Joshua Gindin

  
	
   

  	
   

  	
  Name:

  	
  Joshua
  Gindin

  
	
   

  	
   

  	
  Title:

  	
  Secretary

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  RMH Teleservices Asia
  Pacific, Inc.

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/
  John R. Schwab

  
	
   

  	
   

  	
  Name:

  	
  John
  R. Schwab

  
	
   

  	
   

  	
  Title:

  	
  Chief
  Financial Officer, Treasurer and

  
	
   

  	
   

  	
   

  	
  Assistant
  Secretary

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Asset Recovery &
  Management Corp.

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/
  John R. Schwab

  
	
   

  	
   

  	
  Name:

  	
  John
  R. Schwab

  
	
   

  	
   

  	
  Title:

  	
  Chief
  Financial Officer, Treasurer and

  
	
   

  	
   

  	
   

  	
  Assistant
  Secretary

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Coast
  to Coast Consulting, LLC

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/
  John R. Schwab

  
	
   

  	
   

  	
  Name:

  	
  John
  R. Schwab

  
	
   

  	
   

  	
  Title:

  	
  Chief
  Financial Officer, Treasurer and

  
	
   

  	
   

  	
   

  	
  Assistant
  Secretary

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Credit Receivables
  Corporation I

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/
  John R. Schwab

  
	
   

  	
   

  	
  Name:

  	
  John
  R. Schwab

  
	
   

  	
   

  	
  Title:

  	
  Chief
  Financial Officer, Treasurer and

  
	
   

  	
   

  	
   

  	
  Assistant
  Secretary

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Greystone Business Group,
  LLC

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/
  John R. Schwab

  
	
   

  	
   

  	
  Name:

  	
  John
  R. Schwab

  
	
   

  	
   

  	
  Title:

  	
  Chief
  Financial Officer, Treasurer and

  
	
   

  	
   

  	
   

  	
  Assistant
  Secretary

  

 

 

	
   

  	
   

  	
  Gulf
  State Credit, L.L.C.

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/
  John R. Schwab

  
	
   

  	
   

  	
  Name:

  	
  John
  R. Schwab

  
	
   

  	
   

  	
  Title:

  	
  Chief
  Financial Officer, Treasurer and

  
	
   

  	
   

  	
   

  	
  Assistant
  Secretary

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Jennifer Loomis &
  Associates, Inc.

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/
  John R. Schwab

  
	
   

  	
   

  	
  Name:

  	
  John
  R. Schwab

  
	
   

  	
   

  	
  Title:

  	
  Chief
  Financial Officer, Treasurer and

  
	
   

  	
   

  	
   

  	
  Assistant
  Secretary

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Old OSI LLC

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/
  John R. Schwab

  
	
   

  	
   

  	
  Name:

  	
  John
  R. Schwab

  
	
   

  	
   

  	
  Title:

  	
  Chief
  Financial Officer, Treasurer and

  
	
   

  	
   

  	
   

  	
  Assistant
  Secretary

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  OSI Collection Services, Inc.

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/
  John R. Schwab

  
	
   

  	
   

  	
  Name:

  	
  John
  R. Schwab

  
	
   

  	
   

  	
  Title:

  	
  Chief
  Financial Officer, Treasurer and

  
	
   

  	
   

  	
   

  	
  Assistant
  Secretary

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  OSI Education
  Services, Inc.

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/
  John R. Schwab

  
	
   

  	
   

  	
  Name:

  	
  John
  R. Schwab

  
	
   

  	
   

  	
  Title:

  	
  Chief
  Financial Officer, Treasurer and

  
	
   

  	
   

  	
   

  	
  Assistant
  Secretary

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  OSI
  Outsourcing Services, Inc.

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/
  John R. Schwab

  
	
   

  	
   

  	
  Name:

  	
  John
  R. Schwab

  
	
   

  	
   

  	
  Title:

  	
  Chief
  Financial Officer, Treasurer and

  
	
   

  	
   

  	
   

  	
  Assistant
  Secretary

  

 

 

	
   

  	
   

  	
  OSI
  Outsourcing Services International, Inc.

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/
  John R. Schwab

  
	
   

  	
   

  	
  Name:

  	
  John
  R. Schwab

  
	
   

  	
   

  	
  Title:

  	
  Chief
  Financial Officer, Treasurer and

  
	
   

  	
   

  	
   

  	
  Assistant
  Secretary

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  OSI
  Portfolio Services, Inc.

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/
  John R. Schwab

  
	
   

  	
   

  	
  Name:

  	
  John
  R. Schwab

  
	
   

  	
   

  	
  Title:

  	
  Chief
  Financial Officer, Treasurer and

  
	
   

  	
   

  	
   

  	
  Assistant
  Secretary

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  OSI
  Recovery Solutions, Inc.

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/
  John R. Schwab

  
	
   

  	
   

  	
  Name:

  	
  John
  R. Schwab

  
	
   

  	
   

  	
  Title:

  	
  Chief
  Financial Officer, Treasurer and

  
	
   

  	
   

  	
   

  	
  Assistant
  Secretary

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  OSI
  SPE LLC

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/
  John R. Schwab

  
	
   

  	
   

  	
  Name:

  	
  John
  R. Schwab

  
	
   

  	
   

  	
  Title:

  	
  Chief
  Financial Officer, Treasurer and

  
	
   

  	
   

  	
   

  	
  Assistant
  Secretary

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  OSI
  Support Services, Inc.

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/
  John R. Schwab

  
	
   

  	
   

  	
  Name:

  	
  John
  R. Schwab

  
	
   

  	
   

  	
  Title:

  	
  Chief
  Financial Officer, Treasurer and

  
	
   

  	
   

  	
   

  	
  Assistant
  Secretary

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Outsourcing
  Solutions, Inc.

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/
  John R. Schwab

  
	
   

  	
   

  	
  Name:

  	
  John
  R. Schwab

  
	
   

  	
   

  	
  Title:

  	
  Chief
  Financial Officer, Treasurer and

  
	
   

  	
   

  	
   

  	
  Assistant
  Secretary

  

 

 

	
   

  	
   

  	
  PAE
  Leasing, LLC

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/
  John R. Schwab

  
	
   

  	
   

  	
  Name:

  	
  John
  R. Schwab

  
	
   

  	
   

  	
  Title:

  	
  Chief
  Financial Officer, Treasurer and

  
	
   

  	
   

  	
   

  	
  Assistant
  Secretary

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Pacific
  Software Consulting, LLC

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/
  John R. Schwab

  
	
   

  	
   

  	
  Name:

  	
  John
  R. Schwab

  
	
   

  	
   

  	
  Title:

  	
  Chief
  Financial Officer, Treasurer and

  
	
   

  	
   

  	
   

  	
  Assistant
  Secretary

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Payco
  American International Corp.

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/
  John R. Schwab

  
	
   

  	
   

  	
  Name:

  	
  John
  R. Schwab

  
	
   

  	
   

  	
  Title:

  	
  Chief
  Financial Officer, Treasurer and

  
	
   

  	
   

  	
   

  	
  Assistant
  Secretary

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Perimeter
  Credit, L.L.C.

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/
  John R. Schwab

  
	
   

  	
   

  	
  Name:

  	
  John
  R. Schwab

  
	
   

  	
   

  	
  Title:

  	
  Chief
  Financial Officer, Treasurer and

  
	
   

  	
   

  	
   

  	
  Assistant
  Secretary

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Portfolio
  Acquisitions, LLC

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/
  John R. Schwab

  
	
   

  	
   

  	
  Name:

  	
  John
  R. Schwab

  
	
   

  	
   

  	
  Title:

  	
  Chief
  Financial Officer, Treasurer and

  
	
   

  	
   

  	
   

  	
  Assistant
  Secretary

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Professional
  Recoveries Inc.

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/
  John R. Schwa

  
	
   

  	
   

  	
  Name:

  	
  John
  R. Schwab

  
	
   

  	
   

  	
  Title:

  	
  Chief
  Financial Officer, Treasurer and

  
	
   

  	
   

  	
   

  	
  Assistant Secretary

  

 

 

	
   

  	
  Qualink, Inc.

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/
  John R. Schwab

  
	
   

  	
  Name:

  	
  John
  R. Schwab

  
	
   

  	
  Title:

  	
  Chief
  Financial Officer, Treasurer and Assistant Secretary

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  Systems &
  Services Technologies, Inc.

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/
  John R. Schwab

  
	
   

  	
  Name:

  	
  John
  R. Schwab

  
	
   

  	
  Title:

  	
  Chief
  Financial Officer, Treasurer and Assistant Secretary

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  Tempest
  Recovery Services, Inc.

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/
  John R. Schwab

  
	
   

  	
  Name:

  	
  John
  R. Schwab

  
	
   

  	
  Title:

  	
  Chief
  Financial Officer, Treasurer and Assistant Secretary

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  Transworld
  Systems Inc.

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/
  John R. Schwab

  
	
   

  	
  Name:

  	
  John
  R. Schwab

  
	
   

  	
  Title:

  	
  Chief
  Financial Officer, Treasurer and Assistant Secretary

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  Union
  Settlement Administrator, Inc.

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/
  John R. Schwab

  
	
   

  	
  Name:

  	
  John
  R. Schwab

  
	
   

  	
  Title:

  	
  Chief
  Financial Officer, Treasurer and Assistant Secretary

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  Union
  Settlement Administrator Holdco, Inc.

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/
  John R. Schwab

  
	
   

  	
  Name:

  	
  John
  R. Schwab

  
	
   

  	
  Title:

  	
  Chief
  Financial Officer, Treasurer and Assistant Secretary

  

 

 

	
   

  	
  University
  Accounting Service, LLC

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/
  John R. Schwab

  
	
   

  	
  Name:

  	
  John
  R. Schwab

  
	
   

  	
  Title:

  	
  Chief
  Financial Officer, Treasurer and Assistant Secretary

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  AC
  Financial Services, Inc.

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/
  Gail Ball

  
	
   

  	
  Name:

  	
  Gail
  Ball

  
	
   

  	
  Title:

  	
  Vice
  President and Treasurer

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  ALW
  Financial, Inc.

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/
  Gail Ball

  
	
   

  	
  Name:

  	
  Gail
  Ball

  
	
   

  	
  Title:

  	
  Vice
  President and Treasurer

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  Compass
  International Services Corporation

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/
  John R. Schwab

  
	
   

  	
  Name:

  	
  John
  R. Schwab

  
	
   

  	
  Title:

  	
  Chief
  Financial Officer, Executive Vice President, Treasurer and Assistant
  Secretary

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  Compass
  Teleservices, Inc.

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/
  John R. Schwab

  
	
   

  	
  Name:

  	
  John
  R. Schwab

  
	
   

  	
  Title:

  	
  Chief
  Financial Officer, Executive Vice President, Treasurer and Assistant
  Secretary

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  FCA
  Funding, Inc.

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/
  Gail Ball

  
	
   

  	
  Name:

  	
  Gail
  Ball

  
	
   

  	
  Title:

  	
  Vice
  President and Treasurer

  

 

 

	
   

  	
  FCA
  Leasing, Inc.

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/
  John R. Schwab

  
	
   

  	
  Name:

  	
  John
  R. Schwab

  
	
   

  	
  Title:

  	
  Assistant
  Secretary

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  JDR
  Holdings, Inc.

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/
  John R. Schwab

  
	
   

  	
  Name:

  	
  John
  R. Schwab

  
	
   

  	
  Title:

  	
  Treasurer
  and Assistant Secretary

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  NCOP
  X, LLC

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/
  Joshua Gindin

  
	
   

  	
  Name:

  	
  Joshua
  Gindin

  
	
   

  	
  Title:

  	
  Secretary

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  AssetCare, Inc.

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/
  John R. Schwab

  
	
   

  	
  Name:

  	
  John
  R. Schwab

  
	
   

  	
  Title:

  	
  Chief
  Financial Officer and Treasurer

  
	
   

  	
   

  
	
   

  	
  NCOP
  XI, LLC

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/
  Joshua Gindin

  
	
   

  	
  Name:

  	
  Joshua
  Gindin

  
	
   

  	
  Title:

  	
  Secretary

  

 

 

	
   

  	
  Lenders:

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  LENDER:

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
   

  	
  Name:

  
	
   

  	
   

  	
  Title:

  

 

 

	
   

  	
  Acknowledged
  and Agreed:

  
	
   

  	
   

  
	
   

  	
  CITIZENS
  BANK OF PENNSYLVANIA,

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
   

  	
  Name:

  
	
   

  	
   

  	
  Title:

  

 

[Administrative Agent
Signature Page to Third Amendment]

 

[Signature
Page to Third Amendment]

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00171-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00171-of-00352.parquet"}]]