Document:

exv10w4xby

Exhibit 10.4(b)

FIRST AMENDMENT TO THE THIRD AMENDED AND RESTATED

CREDIT AGREEMENT AND THE AMENDED AND RESTATED

INTERCREDITOR AGREEMENT

          This FIRST AMENDMENT, dated as of April 1, 2009 (this “Amendment”) to (i) the THIRD
AMENDED AND RESTATED CREDIT AGREEMENT, dated as of December 30, 2008 (as amended, supplemented or
otherwise modified prior to the date hereof, the “Credit Agreement”) among ATMOS ENERGY
MARKETING, LLC, a Delaware limited liability company (the “Borrower”), BNP PARIBAS, a bank
organized under the laws of France, as a Bank, as an Issuing Bank, and as Administrative Agent for
the Banks, and as Collateral Agent, FORTIS BANK SA/NV, NEW YORK BRANCH, a bank organized under the
laws of Belgium, as a Bank, as an Issuing Bank, and as Documentation Agent, SOCIÉTÉ GÉNÉRALE, as
syndication agent (in such capacity, “Syndication Agent”), an Issuing Bank, and a Bank, and
each other financial institution which may become a party hereto (collectively the “Banks”)
and (ii) the Intercreditor Agreement (as defined in the Credit Agreement).

          WHEREAS, the Borrower has requested an increase in the Total Committed Line Portion pursuant
to Section 2.14 of the Credit Agreement and certain other changes relating to the procedures for
issuing Letters of Credit under the Credit Agreement; and

          WHEREAS, the Administrative Agent has requested a documented procedure for the authorization
by the Administrative Agent of amendments to, or issuance of, L/C Borrowings;

          NOW, THEREFORE, in consideration of the premises herein contained and for other good and
valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties
hereto hereby agree as follows:

          1. Defined Terms. Unless otherwise defined herein, terms defined in the Credit
Agreement and used herein shall have the meanings ascribed to them in the Credit Agreement.

          2. Amendment to Section 1.01 of the Credit Agreement (Defined Terms). (a) The
definition of “Banks” in Section 1.1 of the Credit Agreement is hereby amended by deleting it in
its entirety and inserting in lieu thereof the following:

     “‘Banks’ shall mean Fortis, BNP Paribas, Société Générale, NATIXIS, acting
through its New York Branch, RZB Finance, LLC, Brown Brothers Harriman & Co., The Royal Bank
of Scotland plc, Rabobank, Lloyds, Calyon, DZ Bank, Trustmark and each additional lending
institution added to this Agreement, through an amendment to this Agreement, by execution of
a Committed Line Portion Addendum, or through an Assignment and Acceptance in accordance with
Subsection 11.08(a) hereof. References to the “Banks” shall include Fortis, BNP
Paribas and Société Générale including each in its capacity as an Issuing Bank and BNP
Paribas in its capacity as the Swing Line Bank; for purposes of clarification only, to the
extent that Fortis, BNP Paribas or Société Générale may have any rights or obligations in
addition to those of the Banks due to their status as an Issuing Bank and as Agents, as
applicable, Fortis’, BNP Paribas’ and Société Générale’s status as such will be specifically
referenced.”

          (b) The definition of “Continuing Agreement for Letters of Credit” in Section 1.1 of the
Credit Agreement is hereby amended by adding at the end thereof the following additional language
“and each other financial institution that becomes an Issuing Bank under this Agreement”
immediately after the phrase “and Société Générale” and immediately before the punctuation “.”.

 

 

          (c) The definition of “Issuing Bank Sub-Limit” in Section 1.1 of the Credit Agreement is
hereby amended by deleting it in its entirety and inserting in lieu thereof the following:

“‘Issuing Bank Sub-Limit’ means, with respect to each Issuing Bank, the limit
set opposite such Issuing Bank under the heading “Sub-Limit” in the table below,
subject to the modifications to such limits arising under Section 11.01;
provided that while any Bank qualifies as a Defaulting Bank hereunder, each
Issuing Bank’s “Sub-Limit” as set forth in the table below shall be reduced to an
amount equal to the product of (a) such Issuing Bank’s Issuing Percentage Cap
(expressed as a decimal, rounded to the ninth decimal place) at such time
multiplied by (b) the Total Available Committed Line Portion at such
time, rounded to the nearest whole dollar:

	 	 	 
	Issuing Bank	 	Sub-Limit
	BNP Paribas
	 	$171,000,000
	Fortis
	 	$171,000,000
	Société Générale
	 	  $130,000,000”

          (d) The definition of “Issuing Percentage Cap” in Section 1.1 of the Credit Agreement is
hereby amended by deleting the table set forth at the end thereof in its entirety and inserting in
lieu thereof the following table:

	 	 	 
	“Issuing Bank	 	Issuing Percentage
	BNP Paribas
	 	38.0%
	Fortis
	 	38.0%
	Société Générale
	 	28.88889%”

     (e) The definition of “Swap Bank” in Section 1.1 of the Credit Agreement is hereby
amended by adding immediately after the phrase “NATIXIS, acting through its New York Branch,”
and immediately before “or their respective Affiliates” the following “Calyon,”;

          (f) Section 1.1 of the Credit Agreement is hereby further amended by adding the following new
terms in their appropriate alphabetical order:

     “Automatic Sub-Limit Reduction Amount” means, with respect to any Issuing
Bank for any Automatic Sub-Limit Reduction Event, an amount equal to the product of
such Issuing Bank’s Issuing Percentage Cap times the amount of the increase of the
applicable Bank’s Available Committed Line Portion arising from such Automatic
Sub-Limit Reduction Event.

     “Automatic Sub-Limit Reduction Event” has the meaning ascribed to such
term in Section 11.01 hereof.

     “Calyon” means Calyon New York Branch.

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     “DZ Bank” means DZ BANK AG Deutsche Zentral-Genossenschaftsbank,
Frankfurt am Main.

     “Lloyds” means Lloyds TSB Bank plc.

     “Rabobank” means Cooperatieve Centrale Raiffeisen — Boerenleenbank B.A.,
“Rabobank Nederland”, New York Branch.

     “Trustmark” means Trustmark National Bank.

          3. Amendment to Section 3.01(b)(x) of the Credit Agreement. Section 3.01(b)(x) is
hereby amended by deleting the reference to “Issuance Cap Sub-Limit” and inserting in lieu thereof
“Issuing Bank Sub-Limit”.

          4. Amendment to Section 3.02(a) of the Credit Agreement. Section 3.02(a) is hereby
amended by adding the following language at the end of Section 3.02(a):

“Upon receipt by an Issuing Bank of a Letter of Credit request, such Issuing Bank
shall confirm with the Administrative Agent that the Administrative Agent has received
a copy of such request and, if not, such Issuing Bank shall provide the Administrative
Agent with a copy thereof. Upon receipt by such Issuing Bank of confirmation from the
Administrative Agent in writing, in the form of Exhibit K hereto, that the
requested issuance or amendment is permitted in accordance with the terms hereof, such
Issuing Bank shall, on the requested date, issue such Letter of Credit for the account
of the requesting Borrower or issue the applicable amendment, as the case may be, in
each case in accordance with such Issuing Bank’s usual and customary business
practices.”

          5. Amendment to Section 8.11 of the Credit Agreement. The definition of “Storage and
Unhedged Transportation Exposure” set forth in Section 8.11 is hereby amended by adding the word
“net” immediately after the phrase “amount of all” and immediately before the phrase “contractual
costs for storage contracts in excess of three (3) months”.

          6. Amendment to Section 11.01 of the Credit Agreement. (a) Clause (ii) of the second
sentence of Section 11.01 is hereby amended by deleting “or” as it appears immediately after the
phrase “modifying the treatment” and immediately before the phrase “payments or disbursements” and
inserting in lieu thereof “of”.

          (b) Clause (iii) of the second sentence of Section 11.01 is hereby amended by deleting the
reference to “Section 10” and inserting in lieu thereof “Article X”;

          (c) The second sentence of Section 11.01 is hereby further amended by deleting in its entirety
the language therein that begins with the phrase “provided further that” and ends
with the phrase “promptly upon its effective date.” and inserting in lieu thereof the following:

“provided further that the defined terms “Issuance Cap”, “Issuing Bank
Sub-Limit” and “Issuing Percentage Cap” may, with respect to any Issuing Bank, be
amended from time to time, upon the written consent of such Issuing Bank and the
Borrower, which written consent shall be notified by the applicable Issuing Bank to
the Administrative Agent and each other Bank promptly upon or prior to the effective
date of such modification, and;

-3-

 

provided further that the defined term “Issuing Bank Sub-Limit” shall,
with respect to each Issuing Bank, upon the effective date of any increase in any
Bank’s Committed Line Portion, to the extent that such increase arises (a) from an
assignment by another Bank hereunder of its Loans, L/C Obligations or Committed Line
Portion, or (b) by merger, consolidation or any other combination with another Bank
hereunder (each of (a) and (b), an “Automatic Sub-Limit Reduction Event”), be
automatically reduced by an amount equal to such Issuing Bank’s Automatic Sub-Limit
Reduction Amount for a period of ten (10) Business Days and after the expiration of
such period with respect to any Automatic Sub-Limit Reduction Event, the Issuing Bank
Sub-Limit of each Issuing Bank shall be automatically increased by an amount equal to
the Automatic Sub-Limit Reduction Amount unless such Issuing Bank (x) has at such time
submitted a written confirmation to the Administrative Agent and the Borrower setting
forth a revised Issuing Bank Sub-Limit, which revised Issuing Bank Sub-Limit shall not
be less than such Issuing Bank’s Issuing Bank Sub-Limit that resulted automatically
from the occurrence of the applicable Automatic Sub-Limit Reduction Event, or (y) is
(and for so long as it continues) diligently pursuing internal approvals with respect
to a revised Issuing Bank Sub-Limit, which shall be confirmed in writing by such
Issuing Bank upon request by the Borrower or the Administrative Agent.”

          7. Amendment of Schedule 2.01 to the Credit Agreement. The Credit Agreement is hereby
amended by replacing Schedule 2.01 to the Credit Agreement with the Annex 1 attached
hereto.

          8. Amendments of Schedule 11.02 and Exhibits A, B, C, F and G to the Credit Agreement.
Schedule 11.02 and Exhibits A, B, C, F and G are hereby amended by deleting each reference to
“Edward Chin” and his telephone number “(212) 841-2020” listed therein and inserting in lieu
thereof “Andrew Stratos” and his telephone number “(917) 472-4717”.

          9. Amendment of Exhibit J to the Credit Agreement. The SPT Activity Report table and
the lead-in language thereto set forth in Exhibit J of the Credit Agreement is hereby amended by
deleting such table and lead-in language in their entireties and replacing them with the table and
lead-in language set forth on Annex 2 attached hereto.

          10. Addition of Exhibit K to the Credit Agreement. The Credit Agreement is hereby
amended by adding a new exhibit, “Exhibit K” in the form attached as Annex 3 hereto.

          11. Amendment of Section 1.01 to the Intercreditor Agreement. The table set forth in
the definition of “Permitted SPT Bank Close-Out Amount” in Section 1.01 of the Intercreditor
Agreement is hereby amended by inserting the following as a new row at the end of the existing
table:

	 	 	 	 	 	 	 
	Calyon
	 	$25,000,000
	 	N/A
	 	$25,000,000

          12. Representations. To induce the Administrative Agent and the Banks to enter into
this Amendment, the Borrower ratifies and confirms each representation and warranty set forth in
the Credit Agreement as if such representations and warranties were made on even date herewith, and
further represents and warrants that (a) no material adverse change has occurred in the financial
condition or business prospects of the Borrower since the date of the last financial statements
delivered to the Administrative Agent and the Banks, (b) no Default or Event of Default has
occurred and is continuing, and (c) the Borrower is fully authorized to enter into this Amendment.

-4-

 

          13. Conditions Precedent. This Amendment shall become effective on the first date
(the “Effective Date”) on which each of the following conditions precedent shall have been
satisfied:

          (a) Fees and Expenses. The Agents and the Banks shall have received payment of all
fees and expenses owed to them by the Borrower as of the Effective Date, including, without
limitation, the fees payable under that certain Fee Letter, dated as of the date hereof, by and
among BNP Paribas, Atmos and each New Bank,

          (b) Delivered Documents. On the Effective Date, the Administrative Agent shall have
received duly executed and delivered counterparts of:

     (i) this Amendment, executed by a duly authorized officer of each of the Borrower and
the Required Banks;

     (ii) the Acknowledgment and Consent to the Amendment, duly executed and delivered by
(A) Atmos Energy Holdings, Inc. (“AEH”) confirming its obligations under the Amended
and Restated Guaranty and (B) Atmos Energy Corporation, with respect to its obligations
under the Atmos Support Agreement;

     (iii) each Assignment and Assumption Agreement, dated as of the date hereof, executed
by and among each applicable Issuing Bank, Rabobank, and the Administrative Agent,
documenting the assignment of a portion of such Issuing Bank’s Committed Line Portion to
Rabobank;

     (iv) the Committed Line Portion Addendum of each New Bank that is undertaking a
Committed Line Portion;

     (v) Notes for each New Bank, in a maximum principal amount equal to the amount set
opposite such New Bank’s name as its “Dollar Amount” on Schedule 2.01 as attached hereto as
Annex 1;

     (vi) the legal opinions of (A) John R. Bonica as counsel to the Borrower and AEH, as to
corporate formalities of the Borrower and AEH, and the due execution and enforceability of
the Amendment, the Acknowledgement and Consent, the AEH Guaranty, and related documents, and
(B) the legal opinion of Louis P. Gregory as counsel to Atmos Energy Corporation, as to
corporate formalities of AEC and the due execution and enforceability of the Acknowledgement
and Consent and the Support Agreement, and related documents

     (vii) copies of the resolutions of the members of the Borrower, AEH and AEC, if any,
authorizing the amendments and transactions contemplated hereby; and

     (viii) such other documents or certificates as the Administrative Agent or counsel to
the Administrative Agent may reasonably request.

          (c) No Default. On the Effective Date, the Borrower shall be in compliance in all
material respects with all of the terms and provisions set forth in the Credit Agreement and the
other Loan Documents on its part to be observed and no Event of Default shall have occurred and be
continuing.

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          14. Miscellaneous.

          (a) Limited Effect. Except as expressly consented to hereby, the Credit Agreement and
the other Loan Documents shall remain in full force and effect in accordance with their respective
terms, without any consent, amendment, waiver or modification of any provision thereof;
provided, however, that upon the Effective Date, all references herein and therein
to the “Loan Documents” shall be deemed to include, in any event, the Credit Agreement, this
Amendment, the Notes, the Guaranty, the Security Documents, the L/C-Related Documents, SPT
Contracts, the Three Party Agreement, the Atmos Support Agreement, the Intercreditor Agreement, the
Mellon Control Agreement and all other documents delivered to the Administrative Agent or any Bank
in connection herewith and therewith.

          (b) Severability. In case any of the provisions of this Amendment shall for any
reason be held to be invalid, illegal, or unenforceable, such invalidity, illegality, or
unenforceability shall not affect any other provision hereof, and this Amendment shall be construed
as if such invalid, illegal, or unenforceable provision had never been contained herein.

          (c) Execution in Counterparts. This Amendment may be executed in any number of
counterparts, all of which taken together shall constitute one and the same instrument, and any
party hereto may execute this Amendment by signing one or more counterparts. Delivery of an
executed counterpart of a signature page to this Amendment by facsimile or telecopier shall be
effective as delivery of an originally executed counterpart of this Amendment.

          (D) GOVERNING LAW. THIS AMENDMENT SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED
IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK WITHOUT GIVING EFFECT TO THE CONFLICT OF LAW
PRINCIPLES THEREOF OTHER THAN SECTIONS 5-1401 AND 5-1402 OF THE GENERAL OBLIGATIONS LAW OF THE
STATE OF NEW YORK; PROVIDED, HOWEVER, THAT THE ADMINISTRATIVE AGENT, THE BANKS AND
ALL AGENT-RELATED PERSONS SHALL RETAIN ALL RIGHTS UNDER FEDERAL LAW.

          (e) Rights of Third Parties. All provisions herein are imposed solely and exclusively
for the benefit of the Borrower, Administrative Agent, the Banks, Agent-Related Persons, and their
permitted successors and assigns, and no other Person shall be a direct or indirect legal
beneficiary of, or have any direct or indirect cause of action or claim in connection with this
Amendment or any of the other Loan Documents.

          (f)
COMPLETE AGREEMENT. THIS WRITTEN AMENDMENT AND THE OTHER WRITTEN AGREEMENTS
ENTERED INTO AMONG THE PARTIES REPRESENT THE FINAL AGREEMENT AMONG THE PARTIES AND MAY NOT BE
CONTRADICTED BY EVIDENCE OF PRIOR, CONTEMPORANEOUS, OR SUBSEQUENT ORAL AGREEMENTS OF THE PARTIES.
THERE ARE NO UNWRITTEN ORAL AGREEMENTS AMONG THE PARTIES.

[SIGNATURES FOLLOW]

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

	 	 	 	 	 
	 	ATMOS ENERGY MARKETING, LLC

 	 
	 	By:  	/s/ C. RICHARD ALFORD
 	 
	 	 	Name:  	C. Richard Alford 	 
	 	 	Title:  	Senior Vice President 	 
	 

[SIGNATURE PAGE FOR FIRST AMENDMENT TO THE THIRD AMENDED AND RESTATED CREDIT AGREEMENT]

 

 

	 	 	 	 	 	 	 
	 	 	BNP PARIBAS,	 	 
	 	 	as Administrative Agent, Collateral Agent and as	 	 
	 	 	a Bank, Issuing Bank, and Swing Line Bank	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ KEITH COX
 

Name: Keith Cox
	 	 
	 

	 	 	 	Title:   Managing Director	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ ANDREW STRATOS	 	 
	 

	 	 	 	 	 	 
	 

	 	 	 	Name: Andrew Stratos	 	 
	 

	 	 	 	Title:   Vice President	 	 

[SIGNATURE PAGE FOR FIRST AMENDMENT TO THE THIRD AMENDED AND RESTATED CREDIT AGREEMENT]

 

 

	 	 	 	 	 	 	 
	 	 	FORTIS BANK SA/NV, NEW YORK BRANCH,	 	 
	 	 	a licensed
branch of FORTIS BANK SA/NV, as Documentation
Agent, Issuing Bank and a Bank	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ MICHIEL V.M. VAN DER VOORT
 

Name: Michiel V.M. Van Der Voort
	 	 
	 

	 	 	 	Title: Managing Director	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ JOHN G. SULLIVAN	 	 
	 

	 	 	 	 	 	 
	 

	 	 	 	Name: John G. Sullivan	 	 
	 

	 	 	 	Title:   Managing Director	 	 

[SIGNATURE PAGE FOR FIRST AMENDMENT TO THE THIRD AMENDED AND RESTATED CREDIT AGREEMENT]

 

 

	 	 	 	 	 
	 	SOCIÉTÉ GÉNÉRALE,

as Syndication Agent, an Issuing Bank and as a
Bank

 	 
	 	By:  	/s/ CHUNG-TAEK OH
 	 
	 	 	Name:  	Chung-Taek Oh 	 
	 	 	Title:  	Vice President 	 
	 
	 	 	 
	 	By:  	                                                  /s/ EMMANUEL CHESNEAU
 	 
	 	 	Name:  	Emmanuel Chesneau 	 
	 	 	Title:  	Managing Director 	 
	 

[SIGNATURE PAGE FOR FIRST AMENDMENT TO THE THIRD AMENDED AND RESTATED CREDIT AGREEMENT]

 

 

	 	 	 	 	 
	 	NATIXIS, acting through its New York Branch, as a
Bank

 	 
	 	By:  	/s/ DAVID PERSHAD
 	 
	 	 	Name:  	David Pershad 	 
	 	 	Title:  	Managing Director 	 
	 
	 	 	 
	 	By:  	                                                   /s/ VINCENT LAURAS
 	 
	 	 	Name:  	Vincent Lauras 	 
	 	 	Title:  	Managing Director 	 
	 

[SIGNATURE PAGE FOR FIRST AMENDMENT TO THE THIRD AMENDED AND RESTATED CREDIT AGREEMENT]

 

 

	 	 	 	 	 
	 	RZB FINANCE LLC,

as a Bank

 	 
	 	By:  	/s/ NANCY REMINI
 	 
	 	 	Name:  	Nancy Remini 	 
	 	 	Title:  	Vice President 	 
	 
	 	 	 
	 	By:  	                                                   /s/ HERMINE KIROLOS
 	 
	 	 	Name:  	Hermine Kirolos 	 
	 	 	Title:  	Group Vice President 	 
	 

[SIGNATURE PAGE FOR FIRST AMENDMENT TO THE THIRD AMENDED AND RESTATED CREDIT AGREEMENT]

 

 

	 	 	 	 	 
	 	BROWN BROTHERS HARRIMAN & CO., as a Bank
 	 
	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 

[SIGNATURE PAGE FOR FIRST AMENDMENT TO THE THIRD AMENDED AND RESTATED CREDIT AGREEMENT]

 

 

	 	 	 	 	 
	 	THE ROYAL BANK OF SCOTLAND PLC, as a Bank
 	 
	 
	 	By:  	/s/ BRIAN WILLIAMS
 	 
	 	 	Name:  	Brian Williams 	 
	 	 	Title:  	Vice President 	 
	 

[SIGNATURE PAGE FOR FIRST AMENDMENT TO THE THIRD AMENDED AND RESTATED CREDIT AGREEMENT]

 

 

ANNEX 1 TO

FIRST AMENDMENT

SCHEDULE 2.01

COMMITTED LINE AND

COMMITTED LINE PORTION

(EXCLUDING SWAP CONTRACTS AND PHYSICAL TRADE CONTRACTS)

	I.	 	Committed Line:

	 	 	 	 	 
	A. Maximum Line:
	 	$	450,000,000	 
	 
	B. Total Committed Line Portions
	 	$	450,000,000	 
	 
	C. Total Committed Percentage:
	 	 	100	%

	II.	 	Committed Line Portions:

	 	 	 	 	 	 	 	 	 
	Line:	 	Bank	 	Dollar Amount	 
	Borrowing Base Line	 	Fortis Bank SA/NV, New York
Branch
	 	$	70,000,000	 
	 	 	 	 	 
	 	 	 	 
	 	 	 	 	BNP Paribas
	 	$	70,000,000	 
	 	 	 	 	 
	 	 	 	 
	 	 	 	 	Société Générale
	 	$	70,000,000	 
	 	 	 	 	 
	 	 	 	 
	 	 	 	 	The Royal Bank of Scotland plc
	 	$	52,000,000	 
	 	 	 	 	 
	 	 	 	 
	 	 	 	 	NATIXIS, acting through its
New York Branch
	 	$	35,000,000	 
	 	 	 	 	 
	 	 	 	 
	 	 	 	 	RZB Finance LLC
	 	$	15,000,000	 
	 	 	 	 	 
	 	 	 	 
	 	 	 	 	Brown Brothers Harriman & Co.
	 	$	15,000,000	 
	 	 	 	 	 
	 	 	 	 
	 	 	 	 	Rabobank Nederland, New York
Branch
	 	$	50,000,000	 
	 	 	 	 	 
	 	 	 	 
	 	 	 	 	Lloyds TSB Bank plc
	 	$	20,000,000	 
	 	 	 	 	 
	 	 	 	 
	 	 	 	 	Calyon, New York Branch
	 	$	23,000,000	 
	 	 	 	 	 
	 	 	 	 
	 	 	 	 	DZ BANK AG Deutsche
Zentral-Genossenschaftsbank,
Frankfurt am Main
	 	$	15,000,000	 
	 	 	 	 	 
	 	 	 	 
	 	 	 	 	Trustmark National Bank
	 	$	15,000,000	 
	 	 	 	 	 
	 	 	 	 
	 	 	 	 	Total Committed Line Portion:
	 	$	450,000,000	 

 

 

ANNEX 2

TO FIRST AMENDMENT

SPT ACTIVITY REPORT AS OF [DATE]

In my capacity as Responsible Officer for ATMOS ENERGY MARKETING, LLC, I hereby certify that as of the date written
above, the amounts indicated below were accurate and true as of the date of preparation. I also certify that SPT Contract related activity has not
exceeded the limitations set forth in Section 8.16 of the Credit Agreement.

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	Current	 	 
	 	 	Maximum	 	Maximum	 	Maximum	 	 	 	 	 	Current	 	Aggregate	 	 
	 	 	Swap Bank	 	Physical Trade	 	SPT Bank	 	Current Swap	 	Physical Trade	 	SPT Bank	 	Available
	 	 	Close-Out	 	Bank Close-	 	Close-Out	 	Bank Close-	 	Bank Close-Out	 	Close-Out	 	SPT Close-
	SPT Bank	 	Amount	 	Out Amount	 	Amount	 	Out Amount	 	Amount	 	Amount	 	Out Amount
	BNP Paribas
	 	$	25,000,000	 	 	$	25,000,000	 	 	$	25,000,000	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Fortis Bank SA/NV, New York
Branch
	 	$	25,000,000	 	 	$	25,000,000	 	 	$	25,000,000	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Société Générale
	 	$	25,000,000	 	 	$	25,000,000	 	 	$	25,000,000	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	The Royal Bank of Scotland
plc
	 	$	25,000,000	 	 	$	25,000,000	 	 	$	25,000,000	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	NATIXIS, acting through its
New York Branch
	 	$	25,000,000	 	 	 	N/A	 	 	$	25,000,000	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	RZB Finance LLC
	 	 	N/A	 	 	 	N/A	 	 	 	N/A	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Brown Brothers Harriman & Co.
	 	 	N/A	 	 	 	N/A	 	 	 	N/A	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Calyon New York Branch
	 	$	25,000,000	 	 	 	N/A	 	 	$	25,000,000	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	DZ BANK AG Deutsche
Zentral-Genossenschaftsbank,
Frankfurt am Main
	 	 	N/A	 	 	 	N/A	 	 	 	N/A	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Lloyds TSB Bank plc
	 	 	N/A	 	 	 	N/A	 	 	 	N/A	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Rabobank
	 	 	N/A	 	 	 	N/A	 	 	 	N/A	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Trustmark National Bank
	 	 	N/A	 	 	 	N/A	 	 	 	N/A	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Totals
	 	 	N/A	 	 	 	N/A	 	 	 	N/A	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 

 

 

ANNEX 3

TO FIRST AMENDMENT

EXHIBIT K

(AGENT BANK LETTERHEAD)

FORM OF ADMINISTRATIVE AGENT CONFIRMATION OF

LETTER OF CREDIT ISSUANCE/ AMENDMENT APPROVAL

[DATE]

To: [Issuing Bank]

     Re: Confirmation of Approval

Dear [Issuing Bank]:

          Reference is made herein to that certain Third Amended and Restated Credit Agreement, dated as
of December 30, 2008 (as amended by that First Amendment dated as of April 1, 2009, and as
otherwise amended, supplemented or otherwise modified prior to the date hereof, the “Credit
Agreement”) among Atmos Energy Marketing, LLC, a Delaware limited liability company (the
“Borrower”), BNP Paribas, a bank organized under the laws of France, as a Bank, as an
Issuing Bank, and as Administrative Agent for the Banks, and as Collateral Agent, Fortis Bank
SA/NV, New York Branch, a bank organized under the laws of Belgium, as a Bank, as an Issuing Bank,
and as Documentation Agent, Société Générale, as syndication agent (in such capacity,
“Syndication Agent”), an Issuing Bank, and a Bank, and each other financial institution
which may become a party hereto (collectively the “Banks”).

          Pursuant to Section 3.02(a) of the Credit Agreement, the Administrative Agent hereby confirms
that the [Issuance/Amendment] of the Letter of Credit requested by the Borrower as of [                    ],
2009, pursuant to its submission of the [L/C Application/ LC Amendment Application] attached hereto
as Annex 1 is permitted in accordance with the terms of the Credit Agreement [and,
immediately prior to and after giving effect to the Issuance of such Letter of Credit, no condition
set forth in Section 3.01(b) of the Credit Agreement shall exist or result therefrom].

 

 

	 	 	 	 	 
	 	BNP PARIBAS, a bank organized under the laws of

France, as Administrative Agent

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 

 

 

ANNEX 1 TO

L/C ISSUANCE/AMENDMENT APPROVAL

[L/C APPLICATION/ L/C AMENDMENT]Exhibit 10.101

Exhibit
10.101

SEPARATION AGREEMENT AND GENERAL RELEASE

THIS SEPARATION AGREEMENT AND GENERAL RELEASE (hereinafter referred to as either “Release” or
“Agreement”), entered into as of the 15th day of October 2009, by and between William F.
Sullivan (“Employee”), Franklin Credit Holding Corporation (“Franklin Holding”), Franklin Credit
Management Corporation (“FCMC”), and Tribeca Lending Corp. (“Tribeca,” and together with Franklin
Holding and FCMC, the “Employer”);

WITNESSETH:

WHEREAS, the Employee has been employed as the Chief Operating Officer under an employment
agreement dated as of February 1, 2006, as amended by amendments dated April 28, 2006, August 17,
2006, and December 31, 2008 (the “Employment Agreement”);

WHEREAS, Employee and the Employer have agreed to terminate the employment relationship
between Employee and the Employer on an amicable basis; and

WHEREAS, the Employee and the Employer desire to settle fully and finally any differences
between them, to facilitate the Employee’s separation and allow for an orderly transition by the
Employer.

NOW, THEREFORE, in consideration of the mutual agreement and covenants contained herein, the
parties do hereby mutually agree as follows:

 

 

 

1. Termination of Employment. Employee’s employment with Employer terminated on
October 15, 2009 (the “Termination Date”). As of the Termination Date, the Employment Agreement and
all existing employment agreements between Employee and the Company, whether oral or written, are
hereby terminated, except as otherwise expressly stated herein. Except as otherwise expressly
provided herein, the parties agree that this Agreement supersedes the Employment Agreement (and any
existing employment agreement between the parties). Additionally, Employee hereby resigns all
positions as an officer or director of the Employer, its subsidiaries and affiliates, effective
immediately.

2. Payments and Other Benefits.

(a) Employee acknowledges that he has received all wages, benefits and all other payments to
which he was entitled by virtue of his employment with Employer through the Termination Date.

(b) Separation Payment. Provided that Employee has not revoked this Release pursuant
to Paragraph 21 below, complies with all terms and conditions of this Release, and cooperates with
Employer in the orderly transition of his duties, Employer shall pay Employee the gross sum of
$91,666.60 less applicable withholdings and deductions (the “Separation Payment”), which is
equivalent to five (5) months of his regular base salary at Employee’s final rate of pay ($220,000
per annum).

(c) The payments described in Subparagraph (b) of this Paragraph 2 are in lieu of whatever the
Employment Agreement provides and shall be paid in a lump sum on Employer’s first pay date that is
at least fourteen (14) days after Employer’s receipt of an executed Release from Employee. Employee
expressly agrees and acknowledges that said

 

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payments are not otherwise due or owing to Employee under any agreement with Employer or any policy
of Employer.

(d) Benefits Continuation. Employee will receive under separate cover a notice
informing him of his eligibility to continue his coverage under any group health insurance plan in
which he is a participant as of the Termination Date, at his own expense, for a period not to
exceed 18 months, in accordance with the provisions of the federal law known as the Consolidated
Omnibus Budget Reconciliation Act (“COBRA”). Employee’s rights under COBRA are not affected in
any way by this Release. In addition, provided that Employee has not revoked this Release pursuant
to Paragraph 21 below, complies with all terms and conditions of this Release, cooperates with
Employer in the orderly transition of his duties, and provides (or has finished providing) the
Transitional Services set forth in the first sentence of Paragraph 2(f) below, on a satisfactory
basis; and provided further that Employee timely elects continuation of his group health
insurance coverage pursuant to COBRA, Employer agrees to pay the employer and employee portions of
such coverage (including the reimbursement to Employee of a maximum of $1,500 towards covered
expenses subject to the deductible under the medical plan) until the later of (i) the earlier of
(x) the date the Employee finds other employment with health benefits and (y) the twelve (12) month
anniversary of the Termination Date, or (ii) the date that is five (5) months following the
Termination Date (the “Health Benefit Continuation”).

(e) Employee agrees that other than as expressly stated in this Paragraph 2, he will not seek
anything further from Employer or the Released Parties (as defined below), including any other
payment. Employee agrees that except as expressly set forth in this Release, all benefits, wages,
bonuses, commissions, compensation or other payments provided to Employee during his employment
with Employer shall cease as of the Termination Date and that Employee shall not receive any payments from Employer other than as expressly set forth in this
Paragraph 2 of this Release.

 

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(f) Transitional Services.

(i) For a period not to exceed six (6) months from the Termination Date (the “Transition
Period”), the Employee shall provide the following transitional services to the Employer, in a
professional workmanlike manner consistent with prevailing industry practices, solely as an
independent contractor and not as an agent of the Employer: (1) preparation and provision to
Employer of a written evaluation of the predictive models of mortgage prepayments, defaults, and
task prioritization being considered by FCMC as of the Termination Date; (2) preparation and
provision to Employer of a written review, containing recommendations, concerning right party
contact rates of FCMC with respect to successful efforts in speaking with borrowers about the
resolution of their delinquencies; and (3) preparation and provision to Employer of written
guidance on the rating process for obtaining a rating by a nationally recognized statistical
rating agency of residential mortgage servicers (the “Transitional Services”). In consideration
for providing these Transitional Services and provided that Employee has not revoked this Release
pursuant to Paragraph 21 below, complies with all terms and conditions of this Release, and
cooperates with Employer in the orderly transition of his duties, Employee shall be paid the sum
of $7,638.89, on a semi-monthly basis, up to a maximum total of $91,666.68, beginning on the
Employer’s first pay date that is at least fourteen (14) days after Employer’s receipt of an
executed Release from Employee, with such payments and Transitional Services subject to
termination by the Employer, in its sole and absolute discretion, or by Employee, if he finds
other employment (of which Employee will provide Employer prompt notice thereof), with thirty (30) days prior
written notice to the other party.

 

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(ii) The Company shall pay to Employee a one-time contingent Transitional Services success
fee of $15,000 for the successful completion during the Transition Period of each of the following
objectives (for a possible total of $30,000 in contingent success fees), provided that Employee
has performed Transitional Services that have materially assisted the Employer with respect to an
objective and provided further that following the successful completion of an objective FCMC
declares pre-tax net income of more than $3 Million for the fiscal quarter in which the objective
is successfully completed or any quarter ending thereafter up until the quarter ending September
30, 2010: (1) the successful implementation and integration of a statistically accurate predictive
model of mortgage prepayments, defaults, and task prioritization; and (2) a servicer rating of at
least “average” or “fully acceptable” (or equivalent rating) as a residential mortgage servicer or
residential special servicer by a nationally recognized statistical agency of residential mortgage
servicers. Provided that Employee has not revoked this Release pursuant to Paragraph 21 below,
complies with all terms and conditions of this Release, and cooperates with Employer in the
orderly transition of his duties, Employer shall pay the contingent success fee, if any, on the
next business day following thirty (30) days after satisfaction of the conditions to such
contingent success fee(s). Notwithstanding the foregoing, Employee acknowledges and agrees that
FCMC is not obligated to implement the Employee’s Transitional Services, and that the failure to
do so by the Employer will not entitle Employee to payment of the contingent Transitional Services
success fee(s).

 

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(g) Adequate Compensation. The Employee agrees and acknowledges that the payments
provided under this Paragraph 2 constitute fair and adequate compensation for the promises and
covenants of the Employee set forth in this Agreement.

3. Indemnification. Employer shall continue to indemnify Employee in accordance with
the terms and conditions set forth in the Employer’s Certificate of Incorporation and By-Laws (as
such Certificate of Incorporation and By-Laws may be amended from time to time) or under the terms
and conditions made generally available to its officers and directors from time to time for a
period of six (6) years from the Termination Date and in accordance with any contractual
indemnification rights of Employee as of the date hereof. Notwithstanding the foregoing, the
indemnification of Employee shall extend only to acts or omissions of Employee during the period of
time during which Employee was an officer or director of the Employer, and only to the extent that
such indemnification is otherwise permissible under applicable law.

4. Employee’s Release And Waiver of Claims.

(a) “Released Parties” means Employer, its parents, subsidiaries, affiliates, divisions,
partners, predecessors, insurance carriers, and shareholders; its current and former directors,
officers, employees, attorneys, agents, and contractors; its employee pension or welfare benefit
plans; and current and former trustees and administrators of these plans.

(b) Employee hereby releases the Released Parties from all claims and rights that Employee has
against any and all Released Parties, including, but not limited to, those claims of which Employee
is not aware, those not mentioned in this Release, and all claims for attorney’s fees, costs, and
interest. Employee releases the Released Parties from all claims and rights resulting from
anything that has happened up to now. This Release does not apply to claims arising after the date of this Release or any right to indemnification Employee would
otherwise have.

 

-6-

 

(c) Employee specifically releases all claims and rights arising from or relating to
Employee’s employment or other relationship with the Released Parties, including but not limited to
any claims or rights Employee may have under Section 12 of the Employment Agreement, Title VII
of the Civil Rights Act of 1964, as amended, and the Civil Rights Act of 1991, the Age
Discrimination in Employment Act, the Rehabilitation Act of 1973, the Older Workers
Benefit Protection Act, the Pregnancy Discrimination Act, the Americans with
Disabilities Act, the federal Family and Medical Leave Act, Section 1981 of the
Civil Rights Act of 1866, the Employee Retirement Income Security Act, the federal
Equal Pay Act, the Fair Labor Standards Act, the federal Worker Adjustment and
Retraining Notification Act, the New Jersey Law Against Discrimination, the New
Jersey Worker Adjustment and Retraining Notification Act, the New Jersey Conscientious
Employee Protection Act, the New Jersey Family Leave Act, the New Jersey Equal Pay
Act, the New Jersey Wage Payment Law, the New Jersey Wage and Hour Law, New
York State Human Rights Law, the New York City Human Rights Act, the New York State
Equal Pay Law, the New York State Labor Law, the New York State Wage Payment
Law, the New York State Wage and Hour Law, the New York State Minimum Wage Act,
any federal, state or local laws against discrimination, harassment, retaliation, or laws
protecting whistleblowers, or any other federal, state, or local law or regulation or common law
relating to employment, wages, hours, or any other terms and conditions of employment and
termination of employment. Employee further releases the Released Parties from any claim for
wrongful discharge, retaliation, failure to promote, failure to accommodate, breach of contract,
breach of fiduciary duty, breach of the covenant of good faith and fair dealing, promissory or

 

-7-

 

equitable estoppel, unjust enrichment, whistle-blowing, negligent infliction of emotional distress,
negligence, intentional infliction of emotional distress, fraud, misrepresentation, defamation,
torts, violations of public policy of the State of New Jersey or State of New York; any claims for
wages or other compensation, including, but not limited to salary, bonuses, accumulated sick leave,
stipends, vacation pay, employee benefits, deferred compensation, or any other payments or
distributions of any kind; and any other claims in any way related to Employee’s employment or
termination of his employment with Employer, it being acknowledged that nothing in this paragraph
shall affect Employee’s entitlement to the amounts vested under any Employer 401(k) plan prior to
the date hereof.

(d) Employee represents and warrants that there are no pending or outstanding administrative
or judicial proceedings, charges, complaints, claims or actions against Employer or any of the
Released Parties to which Employee is a party or which are maintained on behalf of Employee.
Employee acknowledges that Employer relies upon this representation and warranty in agreeing to
enter into this agreement.

5. Employer’s Release And Waiver of Claims. Employer releases Employee from any and
all claims related to, or arising out of, Employee’s performance of his job duties, so long as
Employee acted in good faith, in a manner Employee reasonably thought to be in, or not opposed to,
the best interests of the Employer and had no reason to believe his conduct was unlawful or
illegal. Employer’s release of Employee shall be effective for all claims arising, in whole or
part, out of any transactions, events, or occurrences occurring prior to the date of this Release.

 

-8-

 

6. Non-Disparagement. Employee agrees that he shall not issue any communication or
make any statement, written or otherwise, that disparages, criticizes or otherwise reflects
adversely on or encourages any adverse action against the Employer or the Released Parties. The
Employer shall respond to employment reference inquiries concerning Employee only by confirming job
title, salary and dates of service.

7. Cooperation.  In partial consideration for the Separation Payment and the Health
Benefit Continuation set forth above in Section 2(b) and (d), respectively, Employee will fully
cooperate with Employer and its counsel as it relates, in any way, to any action or proceeding
which relates to Employer, including without limitation, any regulatory action, litigation or
dispute arising out of alleged actions or inactions of the Employer of which the Employee may have
knowledge or information or which the Employer, in its sole discretion, deems the cooperation of
the Employee is needed. Full cooperation shall include, without limitation, review of documents,
attendance at meetings, trial or administrative proceedings, depositions, and interviews without
the need of the subpoena process. Nothing in this Release shall be construed to require Employee to
act in an unlawful manner. To the extent that the Employer requests Employee’s cooperation, the
Employer shall reimburse Employee for reasonable expenses consistent with the Employer’s travel and
expense policy in effect at the time.

8. Return of Property. Prior to Employer making the Separation Payment, Employee
shall deliver to Employer, (1) all materials belonging to Employer, including Employer’s
confidential information, documents, correspondence, plans, records, notes, drawings, or papers and
any copies thereof in Employee’s possession or control, including in particular all notes or
records Employee has relating to Employer’s finances, made or compiled by or delivered to Employee;
and (2) all other property of the Employer, including all uniforms, identification and dining
cards, passwords, credit or charge cards, security cards, Employer telephones, pagers,
computer equipment (including diskettes and software), keys, and any of Employer’s business
equipment, files or manuals.

 

-9-

 

9. Confidential Information.

(a) Employee acknowledges that he has had access to and possession of Employer’s trade
secrets, confidential business information and/or proprietary information (“Confidential
Information”) and may have access to Confidential Information in connection with the performance of
the Transitional Services. Employee shall not disclose any Confidential Information to any third
person unless required by law for a period of six (6) years from the later of the date of this
Agreement or the date of disclosure. Employee further agrees that he shall not use any
Confidential Information for his personal benefit or for the benefit of any other employer, client,
or other person or entity.

(b) In providing the Transitional Services hereunder, the Employee will comply with
information safeguarding requirements of Title V of the Gramm-Leach-Bliley Act, 15 U.S.C.§§
6801-6810, as implemented by 16 CFR Part 314, and utilize procedures reasonably calculated to
insure compliance with the foregoing, including, without limitation, maintaining appropriate
safeguards designed to: (i) insure the security and confidentiality of Non-Public Personal
Information; (ii) protect against anticipated threats or hazards to the security or integrity of
Non-Public Personal Information; and (iii) protect against unauthorized access to or use of
Non-Public Personal Information. (In this Agreement, the term “Non-Public Personal Information”
shall have the meaning ascribed to it in the above-referenced law and regulation and shall include
personally identifiable information of the borrowers of the FCMC, such as name, address, telephone
number, e-mail address or Social Security number.) Upon completion of the Transitional Services, the Employee shall immediately return to the Employer any
original and any copies of Confidential Information provided to Employee.

 

-10-

 

10. Binding Effect. This Release is binding upon and shall inure to the benefit of
anyone who succeeds to the rights, interests or responsibilities of the parties. Employee makes
the releases contained in this Release for the benefit of the Released Parties and all who succeed
to their rights, interests, or responsibilities.

11. Enforceability. If a court rules that any provision of this Release is not
enforceable in the manner set forth in this Release, that provision should be enforceable to the
maximum extent possible under applicable law and should be reformed accordingly. If a court rules
that any provision of this Release is invalid or unenforceable, that ruling shall not affect the
validity or enforceability of the other portions of this Release, which shall continue in full
force and effect.

12. Entire Agreement. This Release is the entire agreement between Employee and
Employer. It supersedes the Employment Agreement and any existing oral or written agreements with
respect to Employee’s employment or termination of employment with Employer, except for Section 8
(“Trade secrets and confidential information”), Section 9(b) (“Non-competition”) and Section 9 (c)
of the Employment Agreement between Employee and FCMC, which Section 8, Section 9(b) and Section
9(c) shall remain in full force and effect. No representations regarding the Released Parties’
relationship with Employee, or any obligations to Employee, have been made, or survive, except as
set forth in this Release.

13. Amendment. This Release cannot be amended, except by a written document signed by
the party against whom enforcement of any such amendment is sought.

 

-11-

 

14. Legal Counsel. Employee has had ample time to consult with an attorney before
signing this Release and acknowledges that he has been advised to consult with an attorney before
signing this Release.

15. Confidentiality of Agreement. Employee shall not directly or indirectly
disseminate the terms of this Agreement to any person or entity not a party to this Agreement,
except (a) by written agreement of the parties, (b) as required by law, or (c) as otherwise
provided in this paragraph. Without limiting the generality of the foregoing, Employee
specifically agrees that he shall not disclose information regarding this Release to any current,
former or future employee of Employer or the Released Parties. This provision shall not be deemed
breached by disclosure by Employee to his attorneys and accountants for purposes of obtaining legal
and tax advice, provided such individuals agree to be bound by the terms of this Paragraph 15.

16. Full Understanding. Employee has read this Release carefully, fully understands
the meaning of its terms, and is signing this Release knowingly and voluntarily.

17. Governing Law. This Release shall be interpreted in accordance with the laws of
the State of New Jersey, without regard to its principles of conflicts of law. This Release is
deemed to be jointly prepared by the parties hereto, and the language of all parts of this Release
shall in all cases be construed as a whole, according to its fair meaning, and not strictly for or
against any party. Any action relating to this Release shall be filed in the State of New Jersey.

18. Non-Waiver. In the event either party violates any provision of this Agreement,
the failure of the other party to enforce any of its rights at that time shall not constitute a
wavier by the other party to enforce any provision of this Agreement at any time.

 

-12-

 

19. No Assignment. Employee may not assign this Agreement or any rights under this
Agreement, except by will or by operation of the laws of intestate succession. Notwithstanding the
foregoing, in the event of the death of the Employee, all amounts otherwise due to the Employee
pursuant to the Agreement shall be paid to the surviving spouse of the Employee or, if there is no
surviving spouse, the Employee’s estate.

20. Breach of Agreement; Remedies. If any party violates a provision of this
Agreement, the other party shall have the right to (a) injunctive or other equitable relief
prohibiting further violations of this Agreement, and (b) all other legal and equitable relief
available under the law.

21. Period for Consideration and Revocation. Employee shall have 21 days to consider
this Release. Employee may elect, at his option, to sign this Release in a shorter period of time.
The parties further agree that any changes to this Release, whether material or immaterial, do not
restart the running of the 21-day period. Employee may revoke this Release within 7 days of
signing it. Any revocation must be made by delivering written notice of revocation to Kevin
Gildea, Esq., Chief Legal Counsel, Franklin Credit Management Corporation, 101 Hudson Street,
Jersey City, New Jersey 07302. To be effective, any revocation of this Release must be in writing
and received by Employer no later than the close of business on the 7th day after
Employee signs this Release. This Release shall not become effective or enforceable until the
expiration of 7 days after Employee signs this Release. If Employee revokes his acceptance of this
Release, Employer shall not be required to provide any of the consideration described in this
Release.

 

-13-

 

22. Agreement Does Not Establish Precedent. The parties agree that the terms of this
Agreement will not establish any precedent, nor will this Agreement be used as a basis by the
parties or anyone else to seek or justify similar terms in any subsequent matter.

23. Attorneys’ Fees. If any action or proceeding is brought for the enforcement of
this Agreement, or because of an alleged dispute, breach, default, or misrepresentation in
connection with any of the provisions of this Agreement, the successful or prevailing party shall
be entitled to reasonable attorneys’ fees and other costs incurred in that action or proceeding, in
addition to any other relief to which it or they may be entitled.

[REMAINDER OF PAGE LEFT INTENTIONALLY BLANK]

 

-14-

 

	 	 	 	 	 
	 	ACCEPTED AND AGREED TO:

WILLIAM F. SULLIVAN

 	 
	 	/s/ William F. Sullivan
 	 
	 	 	 
	 
	 	Dated: October 15, 2009
	 
	 
	 
	 	FRANKLIN CREDIT HOLDING CORPORATION

FRANKLIN CREDIT MANAGEMENT CORPORATION

TRIBECA LENDING CORP.

 	 
	 	By:  	/s/ Kevin Gildea
 	 
	 	 	Name:  	Kevin Gildea 	 
	 	 	Title:  	Chief Legal Officer 	 
	 
	 
	 	Dated: October 15, 2009

	 

 

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