Document:

Junior Subordinated Convertible Note

 Exhibit 10.2 
 THIS SECURITY HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR ANY STATE SECURITIES LAWS, AND MAY NOT BE OFFERED OR SOLD, UNLESS IT HAS BEEN REGISTERED UNDER SUCH ACT OR APPLICABLE STATE SECURITIES LAWS OR UNLESS
AN EXEMPTION FROM REGISTRATION IS AVAILABLE. THIS SECURITY IS SUBJECT TO ADDITIONAL RESTRICTIONS ON TRANSFER AND TO CERTAIN SET OFF RIGHTS AS SET FORTH HEREIN. THIS NOTE AND THE INDEBTEDNESS EVIDENCED HEREBY ARE SUBORDINATE (INCLUDING IN RIGHT AND
TIME OF PAYMENT) TO SENIOR DEBT (AS DEFINED HEREIN) ON THE TERMS SET FORTH IN SECTION 8 HEREOF. 
 THE BRICKMAN GROUP, LTD. 
 8.00% JUNIOR SUBORDINATED CONVERTIBLE NOTE 
  

					
	US $5,000,000	  	October 31, 2006	  	

 For value received and intending to be legally bound, THE BRICKMAN GROUP, LTD., a Delaware
corporation (the “Company”), hereby promises to pay to the order of Groundmasters, Inc., an Ohio corporation (the “Holder”), the principal sum of Five Million Dollars ($5,000,000), and to pay interest on the principal amount of
this Note at the rate of eight percent (8.00%) per annum, such principal and interest to be payable at the times and in the manner hereinafter set forth. 
 This Note is issued pursuant to an Asset Purchase Agreement, dated as of the date hereof (as may be amended and modified from time to time, the “Asset Purchase Agreement”), by and among the Company, Brickman
Bengals, LLC, a Delaware limited liability company, the Holder, Groundmasters, LLC, an Ohio limited liability company (the “GM Subsidiary”) and Stockholder. Payment of this Note is subject to the terms and conditions of the Asset Purchase
Agreement, the terms of which are incorporated herein by reference as if fully set forth at length herein. 
 1. Interest. This Note
shall bear interest on the unpaid principal amount at a rate per annum equal to eight percent (8.00%). Interest shall cease to accrue on the Conversion Notice Date. Accrued but unpaid interest hereon shall be payable in arrears on the Maturity Date
or, if applicable, as provided in Section 4 or Section 7.3. 
 2. Method of Payment. The Company shall pay interest and
principal on this Note to Holder by a wire transfer of immediately available funds to the account or accounts specified by the Holder in writing provided to the Company at least two (2) Business Days before any payment date. 
 The Company shall pay all principal and interest payments required to be paid in cash in money of the United States of America that at the time of
payment is legal tender for payment of public and private debts. 
 If the date of an interest or principal payment is not a Business Day,
payment may be made at that place on the next succeeding Business Day, and no interest on the amount 

 payable shall accrue for the intervening period. Interest under this Note shall be calculated on the basis of a 365-day
year and actual days elapsed from and including the date of issuance until and including the date immediately preceding the date of any payment. 
 3. Repayment. Subject to Sections 4, 7 and 8 hereof, the principal on this Note together with accrued but unpaid interest hereon shall be due and payable and shall be repaid in full on the last day of the Conversion Period (such date
being the “Maturity Date”). 
 4. Prepayment. In connection with a Change of Control or Recapitalization, the Company may
voluntarily prepay the entire unpaid principal balance of this Note, together with all accrued but unpaid interest thereon, without the payment of any premium or penalty provided that the Note may not be prepaid sooner than 9:00 a.m. New York City
time, on the eighth Business Day after written notice of intention to prepay is given to the Holder (“Prepayment Notice”). If in connection with such prepayment Holder elects to exercise the Conversion Right in accordance with
Section 7 hereof, only the accrued and unpaid interest on this Note as of the Conversion Notice Date shall be paid to Holder, and the unpaid principal balance of this Note shall be deemed repaid in full upon the consummation of a conversion
pursuant to Section 7. 
 5. Offset. Holder and Stockholder have made certain representations, warranties, covenants and
indemnities set forth in the Asset Purchase Agreement. Holder agrees that in addition to any other remedy that the Company may have available at law or equity, subject to and in accordance with the terms of the Asset Purchase Agreement, the Company
may offset any Losses (as defined in the Asset Purchase Agreement) against any amounts due or outstanding under this Note (whether this Note is held by the Holder or any other Person) if such Losses are determined to be due to Buyer or the Company
by a final non-appealable order of a court of competent jurisdiction. In such event, any unpaid principal balance of this Note and any accrued but unpaid interest thereon shall be deemed to be paid up to the full amount of any such Losses for all
purposes of this Note, including without limitation for purposes of determining the amount of Brickman Equity issuable upon exercise of the Conversion Right. 
 6. Transfer. 
 6.1. Restrictions on Transfer. The Holder of this Note may not sell, assign or
transfer this Note or any portion hereof; provided however, that the Holder of this Note may sell, transfer or assign this Note or any portion hereof at any time to (a) Stockholder or to any trust for the benefit of Stockholder or (b) any
spouse or descendant (natural or adopted) of Stockholder or any trust for the benefit of any spouse or descendant of Stockholder; provided in each case the proposed transferee agrees with the Company in writing to be bound by this Note as if
the original Holder hereof. Any purported transfer or assignment in violation of this Section 6 shall be without force or effect and void ab initio. 
 6.2. Transfer Procedures. When this Note is presented to the Company with a request to transfer all or any portion thereof and such transfer is permitted by Section 6.1 hereof, or if a Holder wishes to
exchange this Note for an equal principal amount of Notes of other denominations, the Company shall make the transfer or exchange as requested, and issue replacement Notes of the same tenor as this Note to the appropriate parties; provided, however,
that if this Note is presented or surrendered for transfer or exchange it shall be duly endorsed or be accompanied by a written instrument of transfer duly executed by the Holder or his attorney duly authorized in writing. 
  

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 7. Conversion Right. This Note shall be convertible into Brickman Equity on the terms and
conditions set forth in this Section 7. 
 7.1. Conversion Right. During (but not after the expiration of) the Conversion Period,
Holder shall have the right to convert all (but not less than all) of the outstanding principal amount of this Note (as it may be reduced from time to time in accordance with Section 5) (the “Conversion Amount”) into Brickman Equity
at the Conversion Price (such right being the “Conversion Right”), provided, however, that Holder shall not be entitled to exercise such Conversion Right unless Holder executes and delivers any shareholder agreements then in
effect or to be executed in connection with the Change of Control or Recapitalization applicable to management investors holding equity of the Issuer so long as such shareholder agreements have been provided to the Holder prior to the end of the
Conversion Period. 
 7.2. Conversion Rate. The Brickman Equity issuable upon conversion of any Conversion Amount pursuant to
Section 7.1 shall be determined by dividing (x) by (y) where (x) is the Conversion Amount and (y) is the Conversion Price. 
 7.3. Mechanics of Conversion. Subject to the terms and conditions hereof, the Holder shall effect the conversion of this Note as set forth above by the surrender to the Company or its successor, during (but not after the expiration
of) the Conversion Period of this Note, duly endorsed for transfer to the Company, and written notice of its election to exercise the Conversion Right substantially in the form of Exhibit A hereto (the date on which the Company receives such Note
and written notice as herein provided, being the “Conversion Notice Date”). If Holder elects to exercise the Conversion Right in accordance with this Section 7, the outstanding principal balance of this Note shall be deemed repaid in
full as of the Conversion Notice Date and the Company shall pay the accrued and unpaid interest on this Note as of the Conversion Notice Date to Holder in cash within ten (10) Business Days after the Conversion Notice Date. 
 7.4. Holder Status. The Holder shall not be entitled to any rights as an equity holder of the Company or the Issuer, unless and until the
Conversion Right is exercised in accordance with this Section 7 and then only in accordance with this Section 7. 
 7.5.
Issuance of Brickman Equity. The Brickman Equity to be issued upon the conversion of this Note shall be validly issued, fully paid and non assessable and free of any security interest or other adverse claims or encumbrances and free of claims
of pre emptive rights. Holdings shall pay all issuance taxes and similar governmental charges that may be imposed in respect of the issue or delivery thereof. 
 7.6. No Impairment. Holdings will not, by amendment or restatement of its certificate of incorporation or by-laws or through reorganization, consolidation, merger, dissolution, issue or sale of securities, sale
of assets or any other voluntary action, avoid or seek to avoid the observance or performance of any of the terms of this Note, but will at all times in good faith assist in the carrying out of all such terms and in the taking of all such actions as
may be necessary or appropriate in order to protect the conversion rights of the Holder. 
  

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 7.7. Reservation of Securities. Holdings shall at all times reserve and keep available for issue
upon the conversion of this Note such number of its authorized but unissued securities constituting the Brickman Equity as will be sufficient to permit the conversion in full of this Note. 
 8. Subordination. 
 8.1.
Subordination. The Company, for itself and its successors, and the Holder, by its acceptance thereof, agrees that this Note is and shall be subordinated in right of payment, to the extent and in the manner provided in this Section 8, to
the prior payment in full of all obligations pursuant to Senior Debt. For the purposes of this Note, Senior Debt shall not be deemed to have been paid in full until the holders or owners of the Senior Debt shall have indefeasibly received payment of
all obligations arising with respect to such Senior Debt in cash. This Section 8 shall constitute a continuing offer to all persons who, in reliance upon such provisions, become holders of, or continue to hold, Senior Debt, and such provisions
are made for the benefit of the holders of Senior Debt, and such holders are made obligees hereunder and any one or more of them may enforce such provisions. 
 8.2. Dissolution; Liquidation; Bankruptcy. Upon any payment or distribution of all or any of the assets or securities of the Company of any kind or character upon any dissolution, winding up, liquidation,
reorganization, arrangement, adjustment, protection, relief or other similar case or proceeding under any federal or state bankruptcy or similar law (whether voluntary or involuntary, in bankruptcy, insolvency, receivership, arrangement,
reorganization or relief proceedings or upon any assignment for the benefit of creditors or any marshaling of the assets and liabilities of the Company or otherwise) (the foregoing being a “Reorganization”): 
 (a) all Senior Debt shall first be entitled to be paid in full in cash or cash equivalents before the Holder is entitled to receive any payment on
account of this Note; and 
 (b) any payment or distribution in respect of this Note to which the Holder would be entitled except for the
provisions of this Section 8, shall be paid by the Company, the liquidating trustee or agent or other person making such payment or distribution directly to the holders of the Senior Debt or their representative or to the trustee under any
indenture or other agreement (if any) pursuant to which Senior Debt may have been issued (in any event, in order of priority from highest to lowest), as the case may be, for application (in the case of cash, or as collateral in the case of non-cash
property or securities) for, the payment or prepayment in full of all Senior Debt remaining unpaid, after giving effect to any concurrent payment or distribution (in the case of cash) to the holders of such Senior Debt. 
 8.3. Specific Powers in Reorganization. In any proceedings with respect to any Reorganization, the Holder irrevocably authorizes the
Representative or if there is more than one Representative, the Representative of the Senior Debt with the highest priority: 
 (a) to prove
(by filing proofs of claim or otherwise) and enforce, demand, sue for, collect on and receive payment in respect of any claims on this Note owed by the Company to the Holder either in the name of the Representative or in the name of the Holder as
the attorney-in-fact of the Holder; 
  

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 (b) to vote (which vote Holder shall not be entitled to change or withdraw) claims arising from this
Note and to accept or reject on behalf of the Holder any plan proposed in connection with any such Reorganization; 
 (c) to accept and
execute receipts for any payment or distribution made with respect to this Note and to apply such payment or distribution to the payment of this Note; and 
 (d) to take any action and to execute any instruments necessary to effectuate the foregoing, either in the name of the Representative or in the name of the Holder as the attorney-in-fact of the Holder. 
 No holder of Senior Debt shall be required to take any action described in clauses (a) through (d) above, provided the applicable authorized holder of Senior
Debt may do so at its election. 
 8.4. Default. 
 (a) In the event that any Senior Debt Payment Default shall have occurred and be continuing, unless and until such Senior Debt Payment Default shall have been cured or waived in writing, then no payment shall be made
by or on behalf of the Company for or on account of this Note, and the Holder shall not take or receive from the Company, directly or indirectly, in cash or other property, payment for all or any of this Note (except the Holder may receive any
Indebtedness which is subordinated to at least the same extent as this Note is to (x) Senior Debt and (y) any securities issued in exchange for Senior Debt). 
 (b) In addition, upon the occurrence of a Senior Debt Non-Payment Default, no payment shall be made by or on behalf of the Company for or on account of this Note, and the Holder shall not take or receive from the
Company, directly or indirectly, in cash or other property, payment of all or any of this Note (except the Holder may receive any Indebtedness which is subordinated to at least the same extent as this Note is to (x) Senior Debt and (y) any
securities issued in exchange for Senior Debt) during the period (the “Payment Blockage Period”) commencing on the date of receipt by the Company of a written notice from the Representative of Specified Senior Debt of such Senior Debt
Non-Payment Default and extending unless and until the earliest of (a) such Payment Blockage Period shall have been terminated by written notice to the Company or the Holder from the Representative of the Specified Senior Debt, (b) such
Senior Debt Non-Payment Default shall have been cured or waived in writing or shall have ceased to exist or such Specified Senior Debt shall have been paid in full in cash or cash equivalents and all commitments to lend in respect thereof shall have
been terminated or (c) more than 179 days shall have elapsed since the receipt of such written notice by the Company from the Representative regarding such Senior Debt Non-Payment Default, after which, in the case of clauses (a), (b) and
(c), the Company shall resume payments and distributions in respect of this Note, including any missed payments. Notwithstanding any other provision of this Note, in no event shall a Payment Blockage Period commenced in 
  

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 accordance with the provisions of this Note described in this paragraph extend beyond 179 days from the date of receipt
by the Company of the notice referred to above (the “Initial Blockage Period”). Any number of additional Payment Blockage Periods may be commenced during the Initial Blockage Period, provided, however, that no such additional Payment
Blockage Period shall extend beyond the Initial Blockage Period. After the expiration of the Initial Blockage Period, no Payment Blockage Period may be commenced until at least 190 days have elapsed from the last day of the Initial Blockage Period.
Notwithstanding any other provision of this Note, no Senior Debt Non-Payment Default which existed or was continuing on the date of commencement of any Payment Blockage Period initiated by the Representative shall be, or be made, the basis for the
commencement of a second Payment Blockage Period initiated by the Representative, whether or not within the Initial Blockage Period, unless such Senior Debt Non-Payment Default shall have been cured or waived for a period of not less than 180
consecutive days. 
 (c) Payments Held in Trust. If, notwithstanding the foregoing provisions of this Section 8, any payment or
distribution of the assets of the Company or any of its present or future Subsidiaries of any kind or character shall be received, by way of set-off or otherwise, by the Holder at a time when such payment or distribution is prohibited by this
Section 8, and before all Senior Debt is paid in full, such payment or distribution and the amount of any such set-off shall be held in trust by the Holder and promptly paid over to the Representative (who shall have the right to convert any
such assets into cash) for application to the payment of Senior Debt until all such Senior Debt shall have been paid in full, after giving effect to any concurrent payment or distribution to the holders of Senior Debt. 
 (d) Notice of Senior Debt Defaults to Holder. The Company shall advise the Holder in writing of the occurrence of any Senior Debt Payment Default
or Senior Debt Non-Payment Default within seven (7) Business Days of the Company’s actual knowledge of the occurrence thereof. 
 (e) In addition to the limitations set forth in Sections 8.4(a) and 8.4(b) above, no payment shall be made by or on behalf of the Company for or on account of this Note, and the Holder shall not take or receive from the Company, directly or
indirectly, in cash or other property (other than Brickman Equity issued upon Conversion of this Note), payment of all or any of this Note, if, after giving effect to such payment and the borrowing of any Indebtedness on the date thereof, either
(i) the Company shall fail to be in compliance with the financial covenants set forth in the agreements governing Specified Senior Debt calculated for the most recently ended fiscal quarter or a pro forma basis after giving effect to such
payment and any such borrowing of Indebtedness or (ii) the Maximum Revolving Loan Balance (as defined in the Credit Agreement) does not exceed the outstanding principal balance of Revolving Loans (as defined in the Credit Agreement) by
$5,000,000 or more. The Company shall certify to the Representative in writing compliance with the foregoing prior to making payment on account of this Note. 
 8.5. Restrictions on Acceleration. No Holder may without the prior written consent of the Representative and the representative of the holders of any Specified Senior Debt, (a) accelerate the maturity of,
or institute proceedings to enforce against the Company, this Note notwithstanding any term or provision to the contrary contained herein or in any agreement or 
  

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 instrument relating hereto (provided that the Holder shall not be prohibited from instituting proceedings seeking
equitable relief from a breach by the Company of Section 7 hereof) or (b) commence or join with any other creditor or creditors of the Company in commencing any proceeding against the Company seeking to effect a Reorganization of the
Company unless and until (i) the expiration of 180 days from the date the Holder provides notice to each such Representative that a default has occurred under this Note and that the Holder desires to take action against the Company as a
consequence thereof, unless such default giving rise thereto, has been earlier cured or waived, (ii) the acceleration by the Representative or any holder of any Specified Senior Debt, (iii) the commencement of any foreclosure action
available to the holders of Specified Senior Debt against all or a material portion of the assets of the Company, (iv) the payment in full, in cash or cash equivalents, of all Senior Debt and the termination of all commitments to extend credit
pursuant to the Credit Agreement or (v) the occurrence of any event set forth in Section 9.1(e) or (f). 
 8.6. Holder to be
Subrogated to Rights of Holders of Senior Debt. Upon payment in full in cash or cash equivalents of all obligations arising with respect to Senior Debt and the termination of all commitments to extend credit pursuant to the Credit Agreement, the
Holder shall be subrogated to the rights of the holders of Senior Debt to receive payments or distributions of assets of the Company applicable to the Senior Debt until this Note shall be paid in full, and for the purpose of such subrogation no such
payments or distributions to the holders of Senior Debt by or on behalf of the Company or by or on behalf of the Holder by virtue of this Section 8 which otherwise would have been made to the Holder shall, as among the Company, its creditors
other than the holders of Senior Debt and the Holder, be deemed to be payment by the Company to or on account of the Senior Debt, it being understood that the provisions of this Section 8 are and are intended solely for the purpose of defining
the relative rights of the Holder, on the one hand, and the holders of Senior Debt, on the other hand. 
 If any payment or distribution to
which the Holder would otherwise have been entitled but for the provisions of this Section 8 shall have been applied, pursuant to the provisions of this Section 8, to the payment of all amounts payable under the Senior Debt, then and in
such case, the Holder shall be entitled to receive from the holders of such Senior Debt at the time outstanding any payments or distributions received by such holders of Senior Debt in excess of the amount sufficient to pay holders of Senior Debt
all amounts payable under or in respect of the Senior Debt in full in cash. 
 8.7. Subordination Rights Not Impaired by Acts or Omissions
of the Company or Holders of Senior Debt. The Company agrees that it will not make any payment under this Note, or take any other action, in contravention of the provisions of this Section 8, and no right of any present or future holders of
any Senior Debt to enforce subordination as provided herein shall at any time in any way be prejudiced or impaired by any act or failure to act on the part of the Company or by any act or failure to act, in good faith, by any such holder, or by any
noncompliance by the Company with the terms of this Note, regardless of any knowledge thereof which any such holder may have or be otherwise charged with. The holders of Senior Debt may extend, increase, renew, modify, amend or restructure the terms
of the Senior Debt or any instrument or agreement evidencing or governing the same or any security therefor and release, sell or exchange any security therefor and otherwise deal freely with the Company, all without affecting the subordination
provisions hereof or the liabilities and obligations of the Holder and 
  

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 in all events without the consent of Holder. No provision in any amendment, supplemental agreement or other agreement,
document or instrument entered into in connection with this Note which adversely affects the superior position of the holders of the Senior Debt shall be effective unless the consent of such holders for such action, shall have been obtained. In
addition, this Note shall not be amended or modified in any manner prohibited by the terms of the Credit Agreement or Indenture. 
 8.8.
Obligations of Company Unconditional. Nothing contained in this Section 8 is intended to or shall impair, as between the Company and the Holder, the obligations of the Company, which are absolute and unconditional, to pay to the Holder
the principal of, premium, if any, on and interest on this Note as and when the same shall become due and payable in accordance with its terms or is intended to or shall affect the relative rights of the Holder and creditors of the Company other
than the holders of the Senior Debt, and, except as provided in Section 8.5, nothing contained herein shall prevent the Holder from exercising all remedies otherwise permitted by applicable law upon an Event of Default, subject to the rights,
if any, under this Section 8 of the holders of such Senior Debt in respect of cash, property, security or securities of the Company received upon the exercise of any such remedy. The failure to make a payment on account of principal of,
premium, if any on or interest on this Note by reason of any provision of this Section 8 shall not be construed as preventing the occurrence of an Event of Default under Section 9. 
 Upon any payment or distribution of assets of the Company referred to in this Section 8, the Holder shall be entitled to rely upon any order or
decree made by any court of competent jurisdiction or upon any certificate of the Representative or of the liquidating trustee or agent or other person making any distribution to the Holder for the purpose of ascertaining the persons entitled to
participate in such distribution, the holders of the Senior Debt and other Indebtedness of the Company, the amount thereof or payable thereon, the amount or amounts paid or distributed thereon and all other facts pertinent thereto or to this
Section 8. 
 8.9. No Contest. Holder covenants and agrees that it will not at any time, contest the validity, perfection,
priority or enforceability of the subordination provisions hereof, the Senior Debt, any agreements, documents or instruments governing the Senior Debt or the security interest or liens securing the Senior Debt. Holder agrees that the Indebtedness
evidenced hereby is unsecured and that Holder shall not take any liens or security interests in any assets or property of Holdings or any of its subsidiaries or otherwise to secure the Indebtedness evidenced by this Note. 
 8.10. Effectiveness. The Senior Debt shall continue to be treated as Senior Debt and the provisions hereof shall continue to govern the relative
rights and priorities of the holders of the Senior Debt and the Holder even if all or part of the Senior Debt or the security interests securing the Senior Debt are subordinated, set aside, avoided or disallowed in connection with any Reorganization
or otherwise, and the provisions hereof shall be reinstated if at any time any payment of the Senior Debt is rescinded or must otherwise be returned by any Holder of the Senior Debt or any agent, designee or nominee of such holder. 
  

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 9. Events of Default; Remedies. 
 9.1. Events of Default. If any one or more of the following events (“Events of Default”) shall occur (whatever the reason for such Event
of Default and whether it shall be voluntary or involuntary or be effected by operation of law or pursuant to any judgment, decree or order of any court or any order, rule or regulation of any administrative or governmental body): 
 (a) if default shall be made in the due and punctual payment of all or any part of the principal of this Note when and as the same shall become due and
payable in accordance with the terms hereof, whether at the stated maturity thereof, upon acceleration or redemption, by notice of or demand for prepayment, or otherwise; 
 (b) if default shall be made in the due and punctual payment of any interest on or any other amounts due under this Note when and as such interest or
amounts shall become due and payable and such default shall have continued for a period of five (5) Business Days; 
 (c) if default
shall be made in the performance or observance of any covenant, agreement or condition contained in this Note and such default shall have continued for a period of thirty (30) days after the earlier to occur of (i) the Company’s Chief
Executive Officer obtaining actual knowledge of such default or (ii) the Company’s receipt of written notice of such default from the Holder hereof; 
 (d) if Indebtedness of the Company or any of its Subsidiaries is not paid within any applicable grace period after final maturity or is accelerated by the holders thereof because of a default and the total amount of
such Indebtedness unpaid or accelerated exceeds $20.0 million at the time; 
 (e) if the Company shall make a general assignment for the
benefit of creditors, or generally shall not pay their debts as they become due, or shall admit in writing their inability to pay their debts as they become due, or shall file a voluntary petition in bankruptcy, or shall be adjudicated bankrupt or
insolvent, or shall file any petition or answer seeking for themselves any reorganization, arrangement, composition, readjustment, liquidation, dissolution or similar relief under any present or future statute, law or regulation, or shall file any
answer admitting or not contesting the material allegations of a petition filed against either of them in any such proceeding, or shall seek or consent to or acquiesce in the appointment of any trustee, custodian, receiver, liquidator or fiscal
agent for either of them or for all or any substantial part of its properties, or shall (or its directors or stockholders shall) take any action looking to their dissolution or liquidation; 
 (f) if, within sixty (60) days after the commencement of an action against the Company seeking any reorganization, arrangement, composition,
readjustment, liquidation, dissolution or similar relief under any present or future statute, law or regulation, such action shall not have been dismissed or all orders or proceedings thereunder affecting the operations or the business of the
Company stayed, or if the stay of any such order or proceeding shall thereafter be set aside, or if, within sixty (60) days after the appointment without the 
  

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 consent or acquiescence of the Company of any trustee, custodian, receiver, liquidator or fiscal agent for the Company or
for all or any substantial part of their respective properties, such appointment shall not have been vacated; 
 then, in the case of an Event of Default and
at the option of the Holder, (or in the event that this Note has been transferred in part or is exchanged for more than one Note pursuant to the terms of Section 6.1, then by holders of a majority of the principal amount of Notes then
outstanding) exercised by written notice to the Company, and subject to the limitations set forth in Section 8.5, the unpaid principal of this Note shall forthwith become due and payable, together with interest accrued thereon, without
presentment, demand, protest or other notice of any kind, all of which are hereby expressly waived, and the Company shall forthwith upon any such acceleration pay to the Holder the entire unpaid principal of and interest accrued on this Note,
provided, further, that in the case of an Event of Default of the character described in subparagraphs (e) and (f) of this Section 9, the unpaid principal of this Note shall forthwith become due and payable, together with interest
accrued thereon (including any interest accruing after the commencement of any action or proceeding under the federal bankruptcy laws, as now or hereafter constituted, or any other applicable domestic or foreign federal or state bankruptcy,
insolvency or other similar law, and any other interest that would have accrued but for the commencement of such proceeding, whether or not any such interest is allowed as an enforceable claim in such proceeding), without presentment, demand,
protest or other notice of any kind, all of which are hereby expressly waived, and the Company shall forthwith upon any such acceleration pay to the Holder the entire unpaid principal of and interest accrued on this Note. The Company shall provide
Holder with written notice of the occurrence of any of the Events of Default set forth in Section 9.1(d), (e) and (f) within seven (7) Business Days of the Company becoming aware of such Events of Default. 
 9.2. Remedies Cumulative. No remedy conferred in this Note upon the Holder is intended to be exclusive of any other remedy, and each and every
such remedy shall be cumulative and shall be in addition to every other remedy given hereunder or thereunder or now or hereafter existing at law or in equity or by statute or otherwise. 
 9.3. Remedies Not Waived. No course of dealing between the Company and the Holder and no delay by the Holder in exercising any rights hereunder
shall operate as a waiver of any rights of Holder. 
 9.4. Application of Payments. In case any one or more of the Events of Default
shall have occurred and be continuing, all amounts to be applied to the prepayment or payment of this Note, shall be applied, after the payment of all related costs and expenses incurred by the Holder (including, without limitation, reasonable
compensation to any and all trustees, liquidators, receivers or similar officials and reasonable fees, expenses and disbursements of counsel) in such order of priority as is determined by the Holder. 
 10. Expenses; Indemnity. From and during the continuance of an Event of Default, the Company will pay or cause to be paid (or reimbursed, as the
case may be) and will defend, indemnify and hold the Holder harmless (on an after tax basis) in respect of all costs, losses, expenses (including, without limitation, the reasonable fees, costs, expenses and disbursements of counsel) and damages
(collectively, “Indemnified Costs”) incurred by or asserted against Holder in connection with the performance and/or enforcement of this Note (including, without limitation, so-called work-outs and/or restructurings). 
  

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 11. Governing Law; Waiver of Jury Trial. This Note, including the validity hereof and the rights
and obligations of the parties hereunder, and all amendments and supplements hereof and all waivers and consents hereunder, shall be construed in accordance with and governed by the domestic substantive laws of the State of Delaware without giving
effect to any choice of law or conflicts of law provision or rule that would cause the application of the domestic substantive laws of any other jurisdiction. EACH PARTY IRREVOCABLY WAIVES ALL RIGHT TO A TRIAL BY JURY IN ANY SUIT, ACTION OR OTHER
PROCEEDING INSTITUTED BY OR AGAINST THAT PARTY IN RESPECT OF ITS OBLIGATIONS HEREUNDER. 
 12. Defined Terms. The following terms have
the following meanings: 
 12.1. “Affiliate” of any specified Person means any other Person, directly or indirectly, controlling or
controlled by or under direct or indirect common control with such specified Person. For the purposes of this definition, “control” when used with respect to any Person means the power to direct the management and policies of such person,
directly or indirectly, whether through the ownership of voting securities, by contract or otherwise, and the terms “controlling” and “controlled” have meanings correlative to the foregoing. 
 12.2. “Brickman Equity” means (i) if the conversion occurs prior to the consummation of a Change of Control or Recapitalization, shares of
Class A Common Stock of Holdings or (ii) if the conversion occurs upon or following a Change of Control or Recapitalization, the same class of equity securities of the Issuer received by Scott W. Brickman in exchange for his vested shares
of Class A Common Stock of Holdings in the Change of Control or Recapitalization. With respect to clause (ii), if more than one class of equity securities are acquired in such Change of Control or Recapitalization transaction, Brickman Equity
shall mean a unit of such securities in the same proportion among such classes as received by Scott W. Brickman in such transaction. For example, if in connection with a Change of Control, Scott W. Brickman exchanges 2,500 vested shares of
Class A Common Stock of Holdings for 1,000 shares of common stock of the Issuer and 2,000 shares of preferred stock of the Issuer, then Brickman Equity would be a unit comprised of one share of common stock of the Issuer and two shares of
preferred stock of the Issuer. 
 12.3. “Brickman Family Group” shall mean any of (i) The Brickman Foundation, Theodore W.
Brickman, Jr., Sally B. Brickman, Steven G. Brickman, Scott W. Brickman, Julie B. Carr and Susan B. McGrath, (ii) any Affiliate of any of the foregoing, (iii) any spouse, descendant (whether natural or adopted), heir, executor,
administrator, testamentary trustee or legatee of any of the foregoing and (iv) any trust, the beneficiaries of which, or any corporation, limited liability company, or partnership, the stockholders or members or general and limited partners of
which, include only the foregoing individuals and/or such individuals’ spouses or descendants. 
 12.4. “Business Day” means
any day that is not a Saturday or a Sunday or a banking holiday in either Cincinnati, Ohio or Gaithersburg, Maryland. 
  

 - 11 - 

 12.5. “Capital Stock” means with respect to any Person, any and all shares or other equivalents
(however designated) of capital stock, partnership interests, or any other participation, right or other interest in the nature of an equity interest in such Person or any option, warrant or other security convertible into or exercisable for any of
the foregoing. 
 12.6. “Change of Control” shall mean the occurrence of one or more of the following events: (a) any
“person” (as such term is used in Section 3(a)(9) and 13(d)(3) of the Exchange Act ), together with its affiliates and associates (as such terms are defined in Rule 12b-2 promulgated under the Exchange Act), other than the Brickman
Family Group, becomes the beneficial owner (as such term is defined in Rule 13d-3 promulgated under the Exchange Act) of fifty percent (50%) or more of the total voting power (including shares of capital stock which are non-voting but which are
convertible into voting capital stock by their terms subject only to applicable law), value or economic interest of the common stock (or equivalent units) of Holdings or its successor or (b) any person, together with its affiliates and
associates, other than the Brickman Family Group, has the power, by contract or otherwise, to elect or to designate for election a majority of the board of directors or other governing body of Holdings or (c) a sale or transfer (including by
operation of law, such as in a merger) by Holdings or any of its Subsidiaries of all or substantially all of the consolidated assets of Holdings and its Subsidiaries to an entity not an Affiliate of Holdings or the Brickman Family Group prior to
such sale or transfer. 
 12.7. “Conversion Period” means the period beginning the earlier of (x) 9 months following the date
hereof and (y) the Conversion Trigger Event, and ending 5:00 p.m., New York City Time, on the 90th day thereafter. The Conversion Period shall also mean the period beginning on the date a Prepayment Notice is given to Holder and ending at 5:00
p.m. New York City time on the seventh Business Day after such date. 
 12.8. “Conversion Price” (i) if before a Conversion
Trigger Event, shall be equal to (A) if a definitive agreement for a Change of Control or Recapitalization has been entered into but has not yet closed, the estimated per share cash consideration to be received by the Brickman Family Group who
are Class A Common Stock shareholders in such transaction or (B) in all other cases, the fair market value per share of Class A Common Stock of Holdings or its successor as of the end of the fiscal quarter immediately preceding the
date of conversion, as determined in good faith by Holdings’ or its successor’s Board of Directors without application of minority or liquidity discounts or (ii) if after a Conversion Trigger Event, shall be equal to the price
effectively paid for the equity securities of the Issuer acquired by Scott W. Brickman in exchange for his vested shares of Class A Common Stock of Holdings based on the value ascribed to his equity securities transferred in such exchange. For
example, with respect to clause (ii), if Scott W. Brickman exchanges 2,500 vested shares of Class A Common Stock of Holdings (valued at $10M in the Change of Control transaction) for 1,000 shares of common stock of the Issuer and 2,000 shares
of preferred stock of the Issuer and the Conversion Amount is $5M, then (x) Brickman Equity would be a unit comprised of one share of common stock of the Issuer and two shares of preferred stock of the Issuer (y) the Conversion Price would
be $10,000 per unit and (z) Holder would be entitled to received 500 shares of common stock of the Issuer and 1,000 shares of preferred stock of the Issuer upon exercise of its Conversion Right. 
  

 - 12 - 

 12.9. “Conversion Trigger Event” means the first date on which a Change of Control or
Recapitalization is consummated; provided that in connection with such Change of Control, Scott W. Brickman exchanges vested shares of Class A Common Stock of Holdings for one or more classes of equity securities of the Issuer. 
 12.10. “Credit Agreement” means the Credit Agreement dated as of December 20, 2002 by and among the Company, Antares Capital Corporation,
as Agent, and the other lenders and agents party thereto, as it may be amended, modified or supplemented from time to time, and such agreement or any credit agreement or agreements evidencing any extension, renewal, replacement, refunding or
refinancing thereof, in whole or in part (including, without limitation, inclusion of additional borrowers thereunder and increase in availability thereunder or extension of maturity thereof). 
 12.11. “Event of Default” shall have the meaning ascribed to it in Section 9 hereof. 
 12.12. “Exchange Act” means the Securities Exchange Act of 1934, as amended, and all rules and regulations thereunder. 
 12.13. “Holdings” means Brickman Group Holdings, Inc., a Delaware corporation and any successor thereto. 
 12.14. “Indebtedness” means all obligations or liabilities of the Company (or other specified Person), without duplication, in respect of:

 (a) borrowed money; 
 (b)
indebtedness evidenced by notes, bonds, debentures or similar instruments; 
 (c) capitalized lease obligations; 
 (d) the deferred purchase price of assets, services or securities (other than ordinary trade accounts payable in the ordinary course of business);

 (e) reimbursement obligations, whether contingent or matured, with respect to letters of credit, bankers acceptances, surety bonds, other
financial guarantees and interest rate protection agreements (without duplication of other Indebtedness supported or guaranteed thereby); and 
 (f) all guarantees of Indebtedness of others of the type in items (a) through (e) referred to above. 
 12.15.
“Issuer” means Holdings or its successor, unless a new holding company is formed to acquire Holdings in connection with a Change of Control, then such new holding company. 
  

 - 13 - 

 12.16. “Note” or any reference thereto shall mean and be deemed to refer to this Note.

 12.17. “Person” shall mean any individual, corporation, limited liability company, partnership, joint venture, association,
joint-stock company, trust, unincorporated organization, government or any agency or political subdivision thereof or any other entity. 
 12.18. “Recapitalization” shall mean a transaction or a series of related transactions pursuant to which Holdings receives additional debt and/or equity financing and all or a portion of such financing is used to make
distributions of more than $100 million to or on account of the holders of the equity securities of Holdings (other than, in any case, a transaction to finance a distribution to repurchase shares of the Holdings’ Capital Stock from a former
employee or consultant of the Company (or Subsidiary of the Holdings) upon termination of such employee’s employment). 
 12.19.
“Representative” means initially Antares Capital Corporation or any successor agent, trustee or representative (if any) under the Credit Agreement for so long as the Credit Agreement shall remain outstanding and thereafter any trustee,
agent or representative (if any) with respect to any issue of Senior Debt. 
 12.20. “Senior Debt” means the principal of and
premium, if any, and interest (including, without limitation, interest accruing or that would have accrued but for the filing of a bankruptcy, reorganization or other insolvency proceeding whether or not such interest constitutes an allowable claim
in such proceeding) on, and any and all other fees, expenses, reimbursement obligations, indemnities, and other amounts owing pursuant to the terms of all agreements, documents and instruments providing for, creating, securing, or evidencing or
otherwise entered into in connection with (a) all Indebtedness of the Company owed to lenders or agents under the Credit Agreement (and, in any event, without limiting the generality of the foregoing, it is agreed to and understood that all
“Obligations” as defined in the Credit Agreement shall at all times constitute Senior Debt), (b) all Indebtedness of the Company owed under the Senior Subordinated Notes or Indenture, (c) all other Indebtedness of the Company
which does not expressly provide that it is to rank pari passu with or subordinate to this Note and (d) all deferrals, renewals, extensions and refundings of, and amendments, modifications and supplements to, any of the Senior Debt
described above. Notwithstanding anything to the contrary in the foregoing, Senior Debt will not include (a) Indebtedness of the Company to any of its Subsidiaries, any such Indebtedness to be junior to the Indebtedness represented by this
Note, (b) Indebtedness represented by this Note, (c) any Indebtedness which by the express terms of the agreement or instrument creating, evidencing or governing the same is pari passu with, junior or subordinate in right of payment
to this Note, (d) any trade payable arising from the purchase of goods or materials or for services obtained in the ordinary course of business and (e) any Indebtedness of the Company to any Person incurred after the date of this Note as
consideration for the acquisition from such Person of a business, whether by asset purchase, stock purchase or merger, which Indebtedness shall be junior to the Indebtedness represented by this Note. 
 12.21. “Senior Debt Non-Payment Default” means any default or event of default (other than a Senior Debt Payment Default) under any agreement
or instrument relating to 
  

 - 14 - 

 Specified Senior Debt. For the purposes of the immediately preceding sentence, an “event of default” shall
exist when as a result thereof the holders of the Specified Senior Debt are then permitted to cause such Specified Senior Debt to become due prior to its scheduled maturity. 
 12.22. “Senior Debt Payment Default” means any default in the payment of principal of, premium, if any, on or interest on, or other amounts
payable on, or in connection with, the Senior Debt, irrespective of whether such default in payment results from a failure to pay any amount when originally scheduled to be paid or upon acceleration or otherwise. 
 12.23. “Senior Subordinated Notes” means the 11 3/4% Senior Subordinated Notes due 2009, Series A or Series B, of the Company issued pursuant
to the Indenture,dated December 20, 2002, by the Company as Issuer, any Guarantors referred to therein and the Trustee named therein, as amended from time to time (the “Indenture”). 
 12.24. “Specified Senior Debt” means (a) any Senior Debt under the Credit Agreement, the Senior Subordinated Notes or the Indenture or
(b) any Senior Debt which at the time of determination exceeds $5.0 million in aggregate principal amount and is specifically designated in the instrument evidencing such Senior Debt as “Specified Senior Debt.” 
 12.25. “Stockholder” shall mean Michael G. Rorie. 
 12.26. “Subsidiary” means, in respect of any Person, any corporation, association, partnership or other business entity of which more than fifty percent (50%) of the total voting power of the shares of
Capital Stock or other interests (including partnership interests) entitled (without regard to the occurrence of any contingency) to vote in the election of the directors, managers, or trustees thereof is at the time owned or controlled directly or
indirectly, by (a) such Person, (b) such Person and one or more Subsidiaries of such Person or (c) one or more Subsidiaries of such Person. 
 13. General Provisions. 
 13.1. This Note and the Asset Purchase Agreement embodies the entire
agreement and understanding by the Holder and the Company and supersedes all prior agreements and understandings relating to the subject matter hereof. 
 13.2. Each covenant contained herein shall be construed (absent an express provision to the contrary) as being independent of each other covenant contained herein and therein, so that compliance with any one covenant
shall not (absent such an express contrary provision) be deemed to excuse compliance with any other covenant. 
 13.3. If any provision in
this Note refers to any action taken or to be taken by a person, or which such person is prohibited from taking, such provision shall be applicable, whether such action is taken directly or indirectly by such person, whether or not expressly
specified in such provision. 
 13.4. If any of the terms or provisions of this Note shall be deemed unenforceable, the enforceability of the
remaining terms and provisions shall not be affected. 
  

 - 15 - 

 13.5. All notices and other communications provided for herein shall be in writing and shall be deemed
given (a) on the date of delivery if delivered personally; (b) on the date of transmission if sent via facsimile transmission to the facsimile number given below, and the telephonic confirmation of receipt is obtained promptly after
completion of transmission; (c) on the date after delivery to a reputable nationally recognized overnight courier service or (d) three days after being mailed by registered or certified mail (return receipt requested) to the parties at the
following addresses (or at such other addresses for a party as shall be specified by a like notice): 
  

	 	(i)	if to the Company, to: 

 The Brickman
Group, Ltd. 
 Legal Department 
 Attention: General Counsel 
 18227 Flower Hill Way, Suite D 
 Gaithersburg, Maryland 20879 
 Fax: (240) 683-2030 
 with copies to: 
 Dechert LLP 
 Cira Centre 
 2929 Arch Street 
 Philadelphia, PA 19104-2808 
 Attention: Carmen J. Romano, Esq. 
 Fax: (215) 994-2222 
  

	 	(ii)	if to Holder, to: 

 Midwest Grounds
Resource, Inc.. 
 11799 Grandstone 
 Cincinnati, Ohio 45249 
 Attn: Mr. Michael G. Rorie 
 and 
 Midwest Grounds Resource, Inc. 
 c/o Brickman Bengals, LLC 
 131 Commerce Blvd. 
 Cincinnati, Ohio 45140 
 Attn: Mr. Michael G. Rorie 
 Fax: (513) 774-7459 
 with a copy to: 
 Graydon Head & Ritchey LLP 
  

 - 16 - 

 1900 Fifth Third Center 
 511 Walnut Street 
 P.O. Box 6464 
 Cincinnati, OH 45202 
 Attention: John Kropp 
 Fax: (513) 651-3836 
 Such addresses may be changed, from time to time, by means of a notice given in the manner
provided for in this Section 13.5; provided that no such notice shall be effective until it is received by the other parties hereto. 
 13.6. The section headings of this Note are for convenience only and shall not affect the meaning or interpretation of this Note or any provision hereof. 
 13.7. This Note shall inure to the benefit of and be enforceable by the respective successors and permitted assigns of the Holder. 
 13.8. Any term of this Note may, with the consent of the Company, be amended, or compliance therewith may be waived, in writing only, by the Holder, (or in the event that this Note has been transferred in part or is
exchanged for more than one Note pursuant to the terms of Section 6.1, then by holders of a majority of the principal amount of Notes then outstanding) provided that no such amendment or waiver shall extend to or affect any obligation not
expressly amended or waived or impair any right consequent thereon and provided further, that without the consent of each holder of any Note affected, an amendment under this Section may not: 
 (a) reduce the percentage of Notes whose holders must consent to an amendment or waiver; 
 (b) reduce the rate of or change the time for payment of interest, including default interest, on any Note; 
 (c) reduce the principal of or change the fixed maturity of any Note; 
 (d) make any Note payable in money other than that stated in this Note; or 
 (e) make any change in this
sentence of this Section 13.8. 
 [Signatures on following page] 
  

 - 17 - 

 IN WITNESS WHEREOF, the Company and Holder have executed this Note on the date first above written.

  

			
	THE BRICKMAN GROUP, LTD.
		
	By:	 	 /s/ Mark A. Hielle

	Name:	 	Mark A. Hielle
	Title:	 	Executive Vice President
	
	HOLDER
	
	GROUNDMASTERS, INC.
		
	By:	 	 /s/ Michael G. Rorie

	Name:	 	Michael G. Rorie
	Title:	 	President
	
	Holdings is signing only with respect to its obligations to issue stock upon conversion of the Note in accordance with the terms set forth in Section 7 hereof and in the
related definitions.
	
	BRICKMAN GROUP HOLDINGS, INC.
		
	By:	 	 /s/ Mark A. Hielle

	Name:	 	Mark A. Hielle
	Title:	 	Executive Vice President

  

 - 18 - 

 Exhibit A 
 Form of Conversion Notice 
                          ,             

 The Brickman Group, Ltd. 
 Legal Department 
 Attention: General Counsel 
 18227 Flower Hill Way, Suite D 
 Gaithersburg, Maryland 20879 
 To Whom It May Concern: 
 Pursuant to Section 7 of the 8.00% Junior Subordinated Convertible Note dated as of October 31, 2006 (the “Note”) by and among Midwest Grounds
Resource, Inc. (f/k/a Groundmasters, Inc.) (the “Company”), Brickman Group Holdings, Inc. and you, the Company hereby notifies you of its election to exercise the Conversion Right on the terms and conditions set forth in the Note.

  

			
	Very truly yours,
	
	 MIDWEST GROUNDS RESOURCE, INC. (f/k/a
 GROUNDMASTERS, INC.)

		
	By:	 	  

	Name:	 	
	Title:Consent and Third Amendment to Credit Agreement

 Exhibit 10.3 
 CONSENT AND THIRD AMENDMENT TO CREDIT AGREEMENT 
 THIS CONSENT AND THIRD AMENDMENT TO CREDIT
AGREEMENT (this “Amendment”) is entered into as of October 31, 2006 by and among THE BRICKMAN GROUP, LTD., a Delaware corporation (the “Borrower”), BRICKMAN GROUP HOLDINGS, INC., a Delaware corporation
(“Holdings”), ANTARES CAPITAL CORPORATION, a Delaware corporation, as Agent under the Credit Agreement referred to below, the “Lenders” party to the Credit Agreement referred to below and each of the other entities who are
signatories hereto under the heading “Loan Parties” on the signature pages hereto (such entities, together with Borrower and Holdings, are sometimes referred to herein collectively as the “Loan Parties” and each individually as a
“Loan Party”). 
 W I T N E S S E T H: 
 WHEREAS, Borrower, Agent, General Electric Capital Corporation, as Syndication Agent and a Lender, LaSalle Bank National Association, as Documentation Agent and a Lender, Harris N.A. (formerly known as Harris Trust
and Savings Bank), as Co-Agent and a Lender, and the other Lenders have entered into that certain Credit Agreement dated as of December 20, 2002 (as amended, restated, supplemented or otherwise modified from time to time, the “Credit
Agreement”); 
 WHEREAS, pursuant to the terms of that certain Asset Purchase Agreement dated as of October 31, 2006 (as in effect
on the date hereof, the “Groundmasters Acquisition Agreement”) among Borrower, Brickman Bengals, LLC, a Delaware limited liability company and a wholly-owned subsidiary of Borrower (“Buyer”), Groundmasters, Inc., an Ohio
corporation (“GM Inc.”), Groundmasters, LLC, an Ohio limited liability company (“GM LLC”; GM Inc. and GM LLC are sometimes referred to herein collectively as “Seller”), and Michael G. Rorie, an individual, Buyer has
agreed to acquire substantially all of the assets of, and assume certain of the liabilities of, Seller (the “Groundmasters Acquisition”); 
 WHEREAS, Borrower has requested that Agent and Lenders consent to the Groundmasters Acquisition on the terms as set forth in the Groundmasters Acquisition Agreement, and the Agent and Lenders have agreed to consent to the Groundmasters
Acquisition on such terms as of the date hereof, subject to the terms and conditions set forth in this Amendment; and 
 WHEREAS, the parties
to the Credit Agreement desire to amend the Credit Agreement on the terms and subject to the conditions set forth herein. 
 NOW, THEREFORE,
in consideration of the mutual agreements, provisions and covenants contained herein, the parties agree as follows: 
 1. Defined
Terms. Capitalized terms used but not defined herein shall have the respective meanings ascribed to them in the Credit Agreement. 
  

 1 

 2. Consents and Other Agreements. 
 (a) Agent and Lenders hereby consent to Borrower’s creation of Buyer to consummate the Groundmasters Acquisition. Furthermore, Agent and Lenders
hereby consent to the Groundmasters Acquisition on the terms set forth in the Groundmasters Acquisition Agreement and, notwithstanding any requirement contained in the definition of “Permitted Acquisition,” as such term is defined in the
Credit Agreement, Agent and Lenders hereby agree that the Groundmasters Acquisition shall be deemed to be a Permitted Acquisition. 
 (b)
Agent and Lenders hereby consent to Borrower forming Buyer and using the proceeds of the Revolving Loan funded on the date hereof to make a capital contribution to Buyer, so long as Buyer immediately uses the proceeds thereof to pay the Cash
Consideration (as defined in the Groundmasters Acquisition Agreement) on the date hereof and to pay all transaction fees, costs and expenses incurred by Buyer and/or Borrower in connection with the consummation of the Groundmasters Acquisition;
provided, however, that all of the conditions to funding such Revolving Loan set forth in Section 2.2 of the Credit Agreement are satisfied. 
 (c) Notwithstanding anything to the contrary contained in the Credit Agreement or any other Loan Document, with respect to the calculation of the financial covenant set forth in Section 6.1 of the Credit
Agreement and the calculation of “Unfinanced Capital Expenditures” set forth in Exhibit 4.2(b) of the Credit Agreement, no amount paid as part of the Aggregate Purchase Price shall be deemed to be a capital expenditure for any applicable
measurement period that includes the date of such payment. 
 (d) Agent and Lenders hereby agree that, notwithstanding anything to the
contrary contained in the Credit Agreement or any other Loan Document, Borrower and Buyer shall have forty-five (45) days from the date hereof to have all deposit accounts opened by Buyer or, if in connection with the Groundmasters Acquisition,
Borrower (in each case to the extent opened prior to or within thirty (30) days of the date hereof), covered by a Deposit Account Control Agreement (to the extent such deposit accounts are required to be covered by a Deposit Account Control
Agreement pursuant to the terms of Section 5.19 of the Credit Agreement). 
 (e) The parties hereto hereby agree that the
“Pro Forma EBITDA” attributable to the Target acquired in the Groundmasters Acquisition for twelve month period ending September 30, 2006 shall be $6,212,000. For purposes of the Credit Agreement where applicable, Pro Forma EBITDA of
Target for the months set forth below shall be deemed to be as follows (numbers in parenthesis represent negative numbers): 
  

					
	 Month
	  	Pro Forma EBITDA	 
	October 2005	  	$	534,000	 
	November 2005	  	$	167,000	 
	December 2005	  	$	(295,000	)
	January 2006	  	$	(204,000	)
	February 2006	  	$	(37,000	)
	March 2006	  	$	726,000	 
	April 2006	  	$	907,000	 
	May 2006	  	$	1,079,000	 
	June 2006	  	$	1,068,000	 
	July 2006	  	$	888,000	 
	August 2006	  	$	504,000	 
	September 2006	  	$	875,000	 
	October 2006	  	 
 
 
 
 
 
 	Pro Forma EBITDA
calculated in a
manner consistent
with the preceding
months and
reasonably
acceptable to Agent	 
 
 
 
 
 
 

  

 2 

 3. Amendments to Credit Agreement. 
 (a) With respect to subsection 1.1(c) of the Credit Agreement, (i) the first paragraph of subsection 1.1(c) of the Credit Agreement
shall be amended by adding the clause “(or an Affiliate of Agent)” immediately after the word “Agent” appearing in such paragraph and (ii) the penultimate paragraph of subsection 1.1(c) of the Credit Agreement shall
amended and restated in its entirety to read as follows: 
 Borrower shall give Agent and Issuing Lender at least ten
(10) Business Days’ prior written notice specifying the date a Lender Letter of Credit or Letter of Credit Participation Agreement is to be issued, identifying the beneficiary and describing the nature of the transactions proposed to be
supported thereby. The notice shall be accompanied by the drawing terms for the Lender Letter of Credit or form of each letter of credit signed by the Borrower as applicant and account party. Borrower shall also, at least ten (10) Business Days
prior to the requested issuance date, execute and deliver an application for such Lender Letter of Credit to the Issuing Lender on the form then customarily prescribed for such type of Lender Letter of Credit by the Issuing Lender. 
 (b) Subsection 1.8(d) of the Credit Agreement shall be amended and restated in its entirety to read as follows: 
 (d) Issuance of Securities. Immediately upon the receipt by Holdings, Borrower or any of the Subsidiaries of Borrower of the Net
Issuance Proceeds of the issuance of equity securities or debt securities (other than Net Issuance Proceeds from the issuance of (i) debt securities in respect of Indebtedness permitted hereunder, (ii) equity securities to management,
(iii) equity securities, the proceeds of which are used to finance Permitted Acquisitions and Capital Expenditures permitted hereunder, (iv) equity securities issued on the Closing Date, (v) provided no Event of Default has occurred
and is continuing, equity securities issued after the Closing Date to Persons who are stockholders of Holdings on the Closing Date and (vi) equity securities of Holdings issued to the holder of the Groundmasters Seller Note upon exercise of the
conversion rights thereunder in accordance with the terms thereof), Borrower shall deliver to Agent an amount equal to such Net Issuance Proceeds, net of underwriting discounts associated therewith, for application to the Loans in accordance with
subsection 1.8(f). 
 (c) The lead in to subsection 2.2 of the Credit Agreement which reads “The obligation of each Lender to
make any Loan and of the Agent to issue any Lender Letter of Credit or Letter of Credit Participation Agreement, is subject to the satisfaction of the following conditions precedent on the relevant Borrowing or issuance date:” shall be amended
and restated 
  

 3 

 in its entirety to read as follows: 
 The obligation of each Lender to make any Loan and of the Agent (or an Affiliate of Agent) or Issuing Lender to issue any Lender Letter of
Credit or Letter of Credit Participation Agreement, is subject to the satisfaction of the following conditions precedent on the relevant Borrowing or issuance date: 
 (d) Section 3.22 of the Credit Agreement shall be amended and restated in its entirety to read as follows: 
 3.22 Related Agreements. As of the Closing Date, (i) each of the representations and warranties contained in each of the Purchase Agreement and the Senior Subordinated Notes Indenture made by Borrower is
true, correct and complete in all material respects and (ii) each of the representations and warranties contained in the Recapitalization Agreement made by each of Borrower and Holdings is true, correct and complete in all material respects. As
of October 31, 2006, (i) each of the representations and warranties contained in the Groundmasters Acquisition Agreement made by Groundmasters Acquisition Sub is true, correct and complete in all material respects and (ii) to the
knowledge of Borrower, each of the representations and warranties contained in the Groundmasters Acquisition Agreement made by Persons other than Groundmasters Acquisition Sub is true, correct and complete in all material respects. 
 (e) Section 4.10 of the Credit Agreement shall be amended and restated in its entirety to read as follows: 
 4.10 Use of Proceeds. The Borrower shall use the proceeds of the Loans solely as follows: (a) to partially refinance the Prior
Indebtedness, (b) to pay costs and expenses of the Related Transactions and costs and expenses required to be paid pursuant to Section 2.1, (c) to consummate Permitted Acquisitions and (d) for working capital and other general
corporate purposes not in contravention of any Requirement of Law and not in violation of this Agreement. The Borrower and Groundmasters Acquisition Sub shall use the proceeds of the Revolving Loans made on October 31, 2006 solely as
permitted under Section 2(b) of the Consent and Third Amendment to Credit Agreement entered into on such date among Borrower, Holdings, Agent, Lenders and the other parties thereto. 
 (f) Section 5.5 of the Credit Agreement shall be amended and restated in its entirety to read as follows: 
 5.5 Limitation on Indebtedness. The Borrower shall not, and shall not suffer or permit any of its Subsidiaries to, create, incur,
assume, suffer to exist, or otherwise become or remain directly or indirectly liable with respect to, any Indebtedness, except, in each instance, provided the same is permitted, and solely to the extent permitted, under the Senior Subordinated Notes
Indenture: 
 (a) Indebtedness incurred pursuant to this Agreement; 
  

 4 

 (b) Indebtedness consisting of Contingent Obligations permitted pursuant to
Section 5.9; 
 (c) Indebtedness existing on the Closing Date and set forth in Schedule 5.5 including extensions
and refinancings thereof which do not increase the principal amount of such Indebtedness as of the date of such extension or refinancing; 
 (d) Indebtedness not to exceed $5,000,000 in the aggregate at any time outstanding, consisting of Capital Lease Obligations or secured by Liens permitted by subsection 5.1(h); 
 (e) unsecured intercompany Indebtedness permitted pursuant to subsection 5.4(b); 
 (f) Subordinated Indebtedness not to exceed $150,000,000 in the aggregate principal amount at any time outstanding evidenced by the Senior
Subordinated Notes issued pursuant to the Senior Subordinated Notes Indenture, plus interest paid in kind and capitalized interest; 
 (g) other unsecured Indebtedness not exceeding in the aggregate at any time outstanding $3,000,000; 
 (h)
Indebtedness for bank overdrafts incurred in the Ordinary Course of Business that are promptly repaid; 
 (i) to the extent
constituting Indebtedness, obligations secured by Liens permitted under subsection 5.1(e); 
 (j) to the extent constituting
Indebtedness, purchase price adjustments in connection with Permitted Acquisitions or under the Groundmasters Acquisition Agreement; and 
 (k) Subordinated Indebtedness not to exceed $5,000,000 in the aggregate principal amount at any time outstanding (plus interest paid in kind, plus capitalized interest, less principal payments from time to time made
thereon and less principal amounts converted to equity interests of Holdings pursuant to the terms thereof) evidenced by the Groundmasters Seller Note issued pursuant to the Groundmasters Acquisition Agreement. 
 (g) Subsection 5.9(f) of the Credit Agreement shall be amended and restated in its entirety to read as follows: 
 (f) Contingent Obligations arising with respect to customary indemnification obligations in favor of (i) sellers in connection with
Permitted Acquisitions (including, without limitation, the Groundmasters Acquisition Agreement), (ii) purchasers in connection with transactions permitted under Section 5.2 and (iii) officers and directors of the Borrower and any of
its Subsidiaries; 
  

 5 

 (h) Subsection 5.11(d) of the Credit Agreement shall be amended and restated in its entirety to
read as follows: 
 (d) pay, as and when due and payable, (i) regularly scheduled payments of interest, and, if the
scheduled maturity of the Loans is extended beyond the stated maturity of the Senior Subordinated Notes, regularly scheduled payments of principal at maturity on the Subordinated Indebtedness evidenced by the Senior Subordinated Notes to the extent
permitted under the subordination terms set forth in the Senior Subordinated Notes Indenture and (ii) regularly scheduled payments of interest and principal on any other Subordinated Indebtedness (including, without limitation, regularly
scheduled payments of interest and principal due and payable on the Groundmasters Seller Note pursuant to the terms thereof as in effect on the date hereof) to the extent permitted under the subordination terms with respect thereto; 
 (i) Subsection 5.15(b) of the Credit Agreement shall be amended and restated in its entirety to read as follows: 
 (b) Borrower shall not, and shall not permit any of its Subsidiaries directly or indirectly to, change or amend the terms of any
Subordinated Indebtedness in violation of the subordination provisions governing same or if the effect of such amendment is to: (i) increase the interest rate on such Indebtedness other than, with respect to the Senior Subordinated Notes, in
accordance with Section 4 of the Registration Rights Agreement as in effect on the Closing Date; (ii) shorten the dates upon which payments of principal or interest are due on such Indebtedness; (iii) add or change in a manner adverse
to Borrower any event of default or add or make more restrictive any covenant with respect to such Indebtedness; (iv) change in a manner adverse to Borrower or the Lenders the prepayment provisions of such Indebtedness; (v) change the
subordination provisions thereof (or the subordination terms of any guaranty thereof); or (vi) change or amend any other term if such change or amendment would materially increase the obligations of the obligor or confer additional material
rights on the holder of such Indebtedness in a manner adverse to Borrower, any of its Subsidiaries, Agent or Lenders. 
 (j) Subsection
7.1(n) of the Credit Agreement shall be amended and restated in its entirety to read as follows: 
 (n) Invalidity of
Subordination Provisions. The subordination provisions of the Senior Subordinated Notes Indenture, the Groundmasters Seller Note or any agreement or instrument governing any Subordinated Indebtedness shall for any reason be revoked or
invalidated, or otherwise cease to be in full force and effect, or Holdings or any of its Subsidiaries shall contest in any manner the validity or enforceability thereof or deny that it has any further liability or obligation thereunder, or the
Obligations, for any reason, shall not have the priority contemplated by this Agreement or such subordination provisions. 
  

 6 

 (k) Section 8.7 of the Credit Agreement shall be amended and restated in its entirety to read
as follows: 
 8.7 Indemnification. Whether or not the transactions contemplated hereby shall be consummated, upon
demand therefor the Lenders shall indemnify the Agent and each Affiliate of Agent issuing Lender Letters of Credit or Letter of Credit Participation Agreements (in each instance, to the extent not reimbursed by or on behalf of the Borrower and
without limiting the obligation of the Borrower to do so), ratably from and against any and all liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses and disbursements of any kind whatsoever which may at
any time (including at any time following the repayment of the Loans and the termination or resignation of the Agent) be imposed on, incurred by or asserted against the Agent or such Affiliate in any way relating to or arising out of this Agreement
or any document contemplated by or referred to herein or the transactions contemplated hereby or thereby or any action taken or omitted by the Agent (or such Affiliate) under or in connection with any of the foregoing; provided,
however, that no Lender shall be liable for the payment to the Agent (or such Affiliate) of any portion of such liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements to the extent
resulting from the Agent’s (or such Affiliate’s) gross negligence or willful misconduct. In addition, each Lender shall reimburse the Agent upon demand for its ratable share of any costs or out-of-pocket expenses (including Attorney Costs)
incurred by the Agent in connection with the preparation, execution, delivery, administration, modification, amendment or enforcement (whether through negotiations, legal proceedings or otherwise) of, or legal advice in respect of rights or
responsibilities under, this Agreement, any other Loan Document, or any document contemplated by or referred to herein to the extent that the Agent is not reimbursed for such expenses by or on behalf of the Borrower. Without limiting the generality
of the foregoing, if the Internal Revenue Service or any other Governmental Authority of the United States or other jurisdiction asserts a claim that the Agent did not properly withhold tax from amounts paid to or for the account of any Lender
(because the appropriate form was not delivered, was not properly executed, or because such Lender failed to notify the Agent of a change in circumstances which rendered the exemption from, or reduction of, withholding tax ineffective, or for any
other reason) such Lender shall indemnify the Agent fully for all amounts paid, directly or indirectly, by the Agent as tax or otherwise, including penalties and interest, and including any taxes imposed by any jurisdiction on the amounts payable to
the Agent under this Section 8.7, together with all related costs and expenses (including Attorney Costs). The obligation of the Lenders in this Section 8.7 shall survive the payment of all Obligations hereunder. 
 (l) Section 9.5 of the Credit Agreement shall be amended and restated in its entirety to read as follows: 
 9.5 Indemnity. Whether or not the transactions contemplated hereby shall be consummated, the Borrower shall indemnify, defend and
hold harmless each Lender, the Agent, each Affiliate of Agent issuing a Lender Letter of Credit or Letter of Credit Participation Agreement and each of their respective officers, directors, employees, 
  

 7 

 counsel, agents and attorneys-in-fact (each, an “Indemnified Person”) from and against any and
all liabilities, obligations, actual losses, damages, penalties, actions, judgments, suits, costs, charges, expenses or disbursements (including, Attorney Costs): 
 (a) subject to the limitations contained in subsection 9.4(b), of any kind or nature whatsoever with respect to any investigation,
litigation, action, suit or proceeding (including any Insolvency Proceeding or appellate proceeding) related to this Agreement or the Loans, or the transactions contemplated hereby or thereby, or the use of the proceeds thereof, whether or not any
Indemnified Person is a party thereto; and 
 (b) which may be incurred by or asserted against such Indemnified Person in
connection with or arising out of any pending or threatened investigation, litigation or proceeding, or any action taken by any Person, with respect to any Environmental Claim arising out of or related to any Property of Borrower or any of its
Subsidiaries; 
 (all the foregoing, collectively, the “Indemnified Liabilities”); provided, that the Borrower shall have no
obligation hereunder to any Indemnified Person with respect to Indemnified Liabilities to the extent arising from the gross negligence, willful misconduct or bad faith of such Indemnified Person or its officers, employees, agents and
attorneys-in-fact, as determined by a court of competent jurisdiction. 
 No action taken by legal counsel chosen by the Agent
or any Lender in defending against any investigation, litigation or proceeding or requested remedial, removal or response action shall vitiate or any way impair the Borrower’s obligation and duty hereunder to indemnify and hold harmless the
Agent and each Lender. In no event shall any site visit, observation, or testing by the Agent or any Lender (or any contractee of the Agent or any Lender) be deemed a representation or warranty that Hazardous Materials are or are not present in, on,
or under, the site, or that there has been or shall be compliance with any Environmental Law. Neither the Borrower nor any other Person is entitled to rely on any site visit, observation, or testing by the Agent or any Lender. Neither the Agent nor
any Lender owes any duty of care to protect the Borrower or any other Person against, or to inform the Borrower or any other Person of, any Hazardous Materials or any other adverse condition affecting any site or Property. Neither the Agent nor any
Lender shall be obligated to disclose to the Borrower or any other Person any report or findings made as a result of, or in connection with, any site visit, observation, or testing by the Agent or any Lender. 
 The obligations in this Section 9.5 shall survive payment of all other Obligations. At the election of any Indemnified Person, the
Borrower shall defend such Indemnified Person using legal counsel satisfactory to such Indemnified Person in such Person’s sole discretion, at the sole cost and expense of the Borrower. All amounts owing under this Section 9.5 shall be
paid within thirty (30) days after demand. 
 (m) The defined terms “Groundmasters Acquisition Agreement”, “Groundmasters
Acquisition Sub” and “Groundmasters Seller Note” shall each be added to Section 11.1 of the Credit Agreement in proper alphabetical order to read as follows: 
 “Groundmasters Acquisition Agreement” means that certain Asset Purchase Agreement dated as of October 31, 2006 among
Borrower, Groundmasters Acquisition Sub, Groundmasters, Inc., an Ohio corporation, Groundmasters, LLC, an Ohio limited liability company, and Michael G. Rorie, an individual. 
  

 8 

 “Groundmasters Acquisition Sub” means Brickman Bengals, LLC, a Delaware limited
liability company. 
 “Groundmasters Seller Note” means that certain 8.00% Junior Subordinated Convertible Note in
the original aggregate principal amount of $5,000,000 issued by Borrower to Groundmasters, Inc. pursuant to the Groundmasters Acquisition Agreement, including all notes issued in exchange or substitution therefor but specifically excluding any
equity interests of Holdings issued upon conversion of such promissory note pursuant to the terms thereof. 
 (n) The defined terms
“Aggregate Revolving Loan Commitment”, “Issuing Lender”, “Letter of Credit Participation Liability”, “Related Agreements”, “Related Transactions” and “Subordinated Indebtedness” set forth
in Section 11.1 of the Credit Agreement shall each be amended and restated in its entirety to read as follows: 
 “Aggregate Revolving Loan Commitment” means the combined Revolving Loan Commitments of the Lenders, which shall be in the amount of $30,000,000 from the Closing Date to October 31, 2006 and $65,000,000 on and after
October 31, 2006, as such amount may be reduced from time to time pursuant to this Agreement. 
 “Issuing
Lender” means any Lender selected by Borrower and reasonably acceptable to Agent, or, if applicable, an Affiliate of Agent, in its capacity as an issuer of one or more Lender Letters of Credit hereunder and as the representative party for the
Lenders under Letter of Credit Participation Agreements; provided that Harris shall be initially designated as Issuing Lender with respect to certain Lender Letters of Credit. If at any time no Lender shall have been selected as Issuing Lender,
Antares (or, if Agent elects, an Affiliate of Agent) shall be the Issuing Lender until such time as any other Lender is selected as Issuing Lender. For purposes of this Agreement, the term “Lender” shall include the Issuing Lender.

 “Letter of Credit Participation Liability” means, as to each Lender Letter of Credit and each Letter of Credit
Participation Agreement, all reimbursement obligations and all other liabilities of Borrower or any of its Subsidiaries to Agent and the Lenders in connection with the Lender Letter of Credit or to the obligee with respect to the transaction for
which the Letter of Credit Participation Agreement was issued, whether contingent or otherwise, including with respect to any letter of credit: (a) the amount available to be drawn or which may become available to be drawn; (b) without
duplication, all amounts which have been paid or made available by the issuing bank or by the Agent (or an Affiliate of Agent) under such Lender Letter of Credit or Letter of Credit Participation Agreement, in each instance, to the extent not
reimbursed; and (c) all unpaid interest, fees and expenses. 
  

 9 

 “Related Agreements” means the Senior Subordinated Notes Indenture, the Senior
Subordinated Notes, the Recapitalization Agreement, the Indemnity Agreement, the Class L Purchase Agreement, the Purchase Agreement, the Registration Rights Agreement, the Groundmasters Acquisition Agreement and the Groundmasters Seller Note.

 “Related Transactions” means the transactions contemplated by the Related Agreements and includes, without
limitation, the funding of the Senior Subordinated Notes, the Recapitalization, the acquisition by Sponsor of capital stock of Holdings pursuant to the Class L Purchase Agreement and the consummation of the transactions contemplated in the
Groundmasters Acquisition Agreement. 
 “Subordinated Indebtedness” means the Indebtedness of Borrower or any of its
Subsidiaries which is subordinated in right of payment to the Obligations including, without limitation, Indebtedness evidenced by the Senior Subordinated Notes and Indebtedness evidenced by the GoundMasters Seller Note. 
 (o) Schedule 1.1(b) to the Credit Agreement shall be amended and restated in its entirety to read as Schedule 1.1(b) to the Credit
Agreement attached hereto as Exhibit A. 
 4. Conditions. The effectiveness of this Amendment is subject to the satisfaction of all of
the following conditions precedent (the date such conditions precedent are satisfied being referred to as the “Effective Date”): 
 (a) the execution and delivery of this Amendment by each Loan Party, Agent and each Lender; 
 (b) all representations and warranties
contained in Section 5 of this Amendment being true, correct and complete; 
 (c) no Default or Event of Default under any Loan Document
has occurred and is continuing, and no Default or Event of Default would arise under any Loan Document after giving effect to the transactions contemplated by this Amendment; 
 (d) each Lender that has agreed to increase its Revolving Loan Commitment pursuant to this Amendment shall have received a replacement Revolving Note
issued by Borrower to such Lender which evidences such Lender’s aggregate Revolving Loan Commitment after giving effect to this Amendment; 
 (e) payment by Borrower of all reasonable out-of-pocket costs and expenses of Agent incurred in connection with the preparation, due diligence and negotiation of this Amendment and all agreements, documents and instruments entered into by a
Loan Party in connection herewith (including all Attorney Costs incurred by Agent); 
 (f) Borrower shall have delivered to Agent evidence
reasonably satisfactory to Agent that Borrower is in compliance with the financial covenants set forth in Article VI of the Credit Agreement for the most recently ended fiscal quarter, recomputed on a pro forma basis to give effect to the
transactions contemplated herein; 
  

 10 

 (g) receipt by Agent of evidence reasonably acceptable to Agent that all necessary corporate action on
the part of each Loan Party has been taken to approve the consummation of the Groundmasters Acquisition, the increase in the Aggregate Revolving Loan Commitment and borrowing of all Revolving Loans hereunder, and the other transactions contemplated
herein applicable to such Loan Party and this Amendment; 
 (h) the Groundmasters Acquisition shall have been consummated simultaneously
herewith on the Effective Date in material compliance with all Requirements of Law and the terms and provisions of the Groundmasters Acquisition Agreement without waiver of any material term or condition thereof which has not been approved by Agent;

 (i) Borrower shall have delivered to Agent a Borrowing Base Certificate, prepared on a pro forma basis to give effect to the transactions
contemplated herein, setting forth the Borrowing Base of Borrower as at the date hereof; 
 (j) Borrower shall have complied, to Agent’s
reasonable satisfaction, with the requirements set forth in Section 4.11(b) of the Credit Agreement; and 
 (k) Agent shall have
received such other approvals, opinions, documents or materials as it shall have reasonably requested. 
 5. Representations and
Warranties. Each Loan Party hereby represents and warrants to Agent and each Lender as follows: 
 (a) Each Loan Party is a corporation or
limited liability company, duly organized, validly existing and in good standing under the laws of the jurisdiction of its incorporation or formation, as applicable; 
 (b) Each Loan Party has the power and authority to execute, deliver and perform its obligations under this Amendment; 
 (c) the execution, delivery and performance by each Loan Party of this Amendment have been duly authorized by all necessary corporate action; 
 (d) this Amendment constitutes the legal, valid and binding obligation of each Loan Party, enforceable against such Person in accordance with its terms,
except as enforceability may be limited by applicable bankruptcy, insolvency, or similar laws affecting the enforcement of creditor’s rights generally or by equitable principles relating to enforceability; 
 (e) no Default or Event of Default exists or would arise after giving effect to this Amendment, the consummation of the transactions contemplated by the
Groundmasters Acquisition Agreement or the borrowing of the Revolving Loans as contemplated in Section 2(b) above; 
 (f) this Amendment
(assuming same is in full force and effect) shall not, and the 
  

 11 

 consummation of any amendment, agreement or transaction contemplated herein shall not, cause a breach of, or other
default or event of default under, the Holdings Credit Agreement or the Senior Subordinated Notes Indenture; 
 (g) after giving effect to
all transactions contemplated herein, the Maximum Revolving Loan Balance shall exceed the outstanding principal balance of Revolving Loans by not less than $5,000,000; and 
 (h) after giving effect to the transactions contemplated herein, including, without limitation, the Groundmasters Acquisition, each of the
representations and warranties of the Loan Parties contained in the Credit Agreement and other Loan Documents shall be true and correct in all respects on and as of the Effective Date, with the same effect as if made on and as of the Effective Date
(except to the extent such representations and warranties expressly refer to an earlier date, in which case they shall be true and correct in all respects as of such earlier date). 
 6. No Waiver. Nothing contained herein shall be deemed to (i) except as expressly set forth herein, constitute a waiver of (x) any
Default, Event of Default or any other term or condition contained in the Credit Agreement or any other Loan Document or (y) any rights, claims and/or remedies available to Agent or any Lender under the Credit Agreement, the other Loan
Documents and/or applicable law (all of which Agent and each Lender expressly reserve); (ii) except as expressly set forth herein, amend any term or provision in the Credit Agreement or the other Loan Documents; or (iii) constitute a
course of conduct or dealing among the parties hereto. Except as amended hereby, the Credit Agreement and other Loan Documents remain unmodified and in full force and effect. All references in the Loan Documents to the Credit Agreement shall be
deemed to be references to the Credit Agreement as amended hereby. 
 7. Counterparts. This Amendment may be executed by one or more
of the parties hereto in any number of separate counterparts, each of which when so executed, shall be deemed an original and all said counterparts when taken together shall be deemed to constitute but one and the same instrument. Any facsimiled or
photocopied signatures hereto shall be deemed an original signature, which hereby may be relied upon by any Person and shall be binding on the respective signor. 
 8. Successors and Assigns. This Amendment shall be binding upon and inure to the benefit of Borrower and each Loan Party and their successors and assigns and the Agent and the Lenders and their successors and
permitted assigns. 
 9. Further Assurance. Each Loan Party hereby agrees from time to time, as and when requested by the Agent or any
Lender, to execute and deliver or cause to be executed and delivered, all such documents, instruments and agreements and to take or cause to be taken such further or other action as the Agent or any Lender may reasonably deem necessary or desirable
in order to carry out the intent and purposes of this Amendment, the Credit Agreement and the Loan Documents. 
 10. GOVERNING LAW.
THIS AMENDMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE INTERNAL LAWS AND DECISIONS OF THE STATE OF ILLINOIS, WITHOUT REGARD TO CONFLICT OF LAWS PRINCIPLES; PROVIDED THAT THE AGENT AND THE LENDERS SHALL RETAIN ALL
RIGHTS ARISING UNDER FEDERAL LAW. 
  

 12 

 11. Severability. Wherever possible, each provision of this Amendment shall be interpreted in such
manner as to be effective and valid under applicable law, but if any provision of this Amendment shall be prohibited by or invalid under such law, such provision shall be ineffective to the extent of such prohibition or invalidity without
invalidating the remainder of such provision or the remaining provisions of this Amendment. 
 12. Reaffirmation. Each of the Loan
Parties as debtor, grantor, pledgor, guarantor, assignor, or in other any other similar capacity in which such Loan Party grants liens or security interests in its property or otherwise acts as accommodation party or guarantor, as the case may be,
hereby (i) ratifies and reaffirms all of its payment and performance obligations, contingent or otherwise, under each of the Loan Documents to which it is a party (after giving effect hereto) and (ii) to the extent such Loan Party granted
liens on or security interests in any of its property pursuant to any such Loan Document as security for or otherwise guaranteed the Borrower’s Obligations under or with respect to the Loan Documents, ratifies and reaffirms such guarantee and
grant of security interests and liens and confirms and agrees that such security interests and liens hereafter secure all of the Obligations as amended hereby. Each of the Loan Parties hereby consents to this Amendment and acknowledges that each of
the Loan Documents remains in full force and effect, as amended hereby, and is hereby ratified and reaffirmed. 
 [Remainder of page
intentionally left blank; signature pages follow] 
  

 13 

 IN WITNESS WHEREOF, the parties have executed this Amendment as of the date set forth above. 

 

			
	LOAN PARTIES:
	
	 THE BRICKMAN GROUP, LTD.,
 a Delaware
corporation

		
	By:	 	 /s/ Mark A. Hielle

	Name:	 	Mark A. Hielle
	Title:	 	Executive Vice President
	
	 BRICKMAN GROUP HOLDINGS, INC.,
 a Delaware
corporation

		
	By:	 	 /s/ Mark A. Hielle

	Name:	 	Mark A. Hielle
	Title:	 	Executive Vice President
	
	 BRICKMAN GROUP LLC,
 a Delaware limited
liability company

		
	By:	 	 /s/ Mark A. Hielle

	Name:	 	Mark A. Hielle
	Title:	 	Executive Vice President
	
	 BRICKMAN BENGALS, LLC,
 a Delaware limited
liability company

		
	By:	 	 /s/ Mark A. Hielle

	Name:	 	Mark A. Hielle
	Title:	 	Executive Vice President

 Consent and Third Amendment to Credit Agreement 
  

 14 

			
	AGENT AND LENDERS:
	
	 ANTARES CAPITAL CORPORATION, a
 Delaware
corporation, as Agent and a Lender

		
	By:	 	 /s/ Eric Hansen

	Name:	 	Eric Hansen:
	Title:	 	Director

 Consent and Third Amendment to Credit Agreement 

			
	 GENERAL ELECTRIC CAPITAL
 CORPORATION, as a
Lender

		
	By:	 	 /s/ Eric Hansen

	Name:	 	Eric Hansen
	Title:	 	Managing Director

 Consent and Third Amendment to Credit Agreement 

			
	 LASALLE BANK NATIONAL ASSOCIATION,
 as a
Lender

		
	By:	 	 /s/ Andrew Kahlenberg

	Name:	 	Andrew Kahlenberg
	Title:	 	Vice President

 Consent and Third Amendment to Credit Agreement 

			
	HARRIS N.A., as a Lender
		
	By:	 	 /s/ Mark Pieros

	Name:	 	Mark Pieros
	Title:	 	Managing Director

 Consent and Third Amendment to Credit Agreement 

			
	FIRSTRUST BANK, as a Lender
		
	By:	 	 /s/ Bryan T. Denney

	Name:	 	Bryan T. Denney
	Title:	 	Vice President

 Consent and Third Amendment to Credit Agreement 

					
	ING PRIME RATE TRUST, as a Lender
		
	By:	 	 ING Investment Management Co., as its
 investment manager

			
		 	By:	 	 /s/ Robert Wilson

		 	Name:	 	Robert Wilson
		 	Title:	 	Senior Vice President
	
	ING SENIOR INCOME FUND, as a Lender
		
	By:	 	 ING Investment Management Co., as its
 investment manager

			
		 	By:	 	 /s/ Robert Wilson

		 	Name:	 	Robert Wilson
		 	Title:	 	Senior Vice President

 Consent and Third Amendment to Credit Agreement 

							
	DENALI CAPITAL CLO II, LTD., as a Lender
		
	By:	 	DC Funding Partners LLC, its portfolio manager
			
		 	By:	 	Denali Capital LLC, its managing member
				
		 		 	By:	 	 /s/ John P. Thacker

		 		 	Name:	 	John P. Thacker
		 		 	Title:	 	Chief Credit Officer
	
	DENALI CAPITAL CLO III, LTD., as a Lender
		
	By:	 	DC Funding Partners LLC, its portfolio manager
			
		 	By:	 	Denali Capital LLC, its managing member
				
		 		 	By:	 	 /s/ John P. Thacker

		 		 	Name:	 	John P. Thacker
		 		 	Title:	 	Chief Credit Officer

 Consent and Third Amendment to Credit Agreement 

			
	 The BANK OF NEW YORK TRUST COMPANY,
 N.A., as
Trustee of the Antares Funding Trust
 created under the Trust Agreement dated as of
 November 30, 1999, as a Lender

		
	By:	 	 /s/ Leslie Hundley

	Name:	 	Leslie Hundley
	Title:	 	Assistant Vice President

 Consent and Third Amendment to Credit Agreement 

					
	LONG LANE MASTER TRUST IV, as a Lender
		
	By:	 	 Fleet National Bank,
 as Trust
Administrator

			
		 	By:	 	 /s/ Christina L. Ramseur

		 	Name:	 	Christina L. Ramseur
		 	Title:	 	Authorized Agent
	
	HARBOUR TOWN FUNDING LLC, as a Lender
			
		 	By:	 	 /s/ Christina L. Ramseur

		 	Name:	 	Christina L. Ramseur
		 	Title:	 	Authorized Agent
	
	RACE POINT CLO, LIMITED, as a Lender
		
	By:	 	 Sankaty Advisors, LLC,
 as Collateral
Manager

			
		 	By:	 	 /s/ Alan K. Halfenger

		 	Name:	 	Alan K. Halfenger
		 	Title:	 	Chief Compliance Officer and
		 		 	Assistant Secretary
	
	CASTLE HILL I – INGOTS, LTD., as a Lender
		
	By:	 	 Sankaty Advisors, LLC,
 as
Collateral Manager

		 
			
		 	By:	 	 /s/ Alan K. Halfenger

		 	Name:	 	Alan K. Halfenger
		 	Title:	 	Chief Compliance Officer and
		 		 	Assistant Secretary
	
	CASTLE HILL II – INGOTS, LTD., as a Lender
		
	By:	 	 Sankaty Advisors, LLC,
 as
Collateral Manager

		 
			
		 	By:	 	 /s/ Alan K. Halfenger

		 	Name:	 	Alan K. Halfenger
		 	Title:	 	 Chief Compliance Officer and
 Assistant
Secretary

 Consent and Third Amendment to Credit Agreement 

			
	 GENERAL ELECTRIC CAPITAL
 CORPORATION, as
Administrator for Merritt
 CLO Holding LLC

		
	By:	 	 /s/ Dwayne L. Coke

	Name:	 	Dwayne L. Coke
	Title:	 	Duly Authorized Signatory

 Consent and Third Amendment to Credit Agreement 

 EXHIBIT A 
 Schedule 1.1(b) to Credit Agreement 
 (see attached) 
 Consent and Third Amendment to Credit Agreement 

 Schedule 1.1(b) 
 Revolving Loan Commitments 
  

				
	 Antares Capital Corporation
	  	$	42,250,000.00
	 General Electric Capital Corporation
	  	$	7,250,000.00
	 LaSalle Bank National Association
	  	$	7,250,000.00
	 Harris N.A.
	  	$	5,800,000.00
	 Firstrust Bank
	  	$	2,450,000.00

 Consent and Third Amendment to Credit Agreement

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