Document:

Fifth Supplemental Indenture - Floating Rate Senior Notes due 2013

 Exhibit 4.22 
 FIFTH SUPPLEMENTAL INDENTURE 
 FIFTH SUPPLEMENTAL INDENTURE (this “Supplemental
Indenture”), dated as of February 29, 2008, among each of the entities listed on the signature page hereto under the heading “New Guarantors” (each, a “New Guarantor”), each of which is a subsidiary of NCO
Group, Inc., a Delaware corporation (the “Company”), and The Bank of New York, a New York banking corporation, as trustee under the Indenture referred to below (the “Trustee”). 
 W I T N E S S E T H 
 WHEREAS, the Company
(as the successor in interest to NCO Group, Inc., a Pennsylvania corporation) and the existing Guarantors have heretofore executed and delivered to the Trustee an indenture (as amended, supplemented or otherwise modified, the
“Indenture”), dated as of November 15, 2006 providing for the issuance of Floating Rate Senior Notes due 2013 (the “Notes”); 
 WHEREAS, Section 4.17 of the Indenture provides that under certain circumstances each New Guarantor shall execute and deliver to the Trustee a supplemental indenture pursuant to which the New Guarantor shall
unconditionally guarantee all of the Company’s obligations under the Notes and the Indenture on the terms and conditions set forth herein (the “Note Guarantee”); and 
 WHEREAS, pursuant to Section 9.01 of the Indenture, the Trustee, the Company and the existing Guarantors are authorized to execute and deliver this
Supplemental Indenture. 
 NOW, THEREFORE, in consideration of the foregoing and for other good and valuable consideration, the receipt of
which is hereby acknowledged, each New Guarantor, the Company and the Trustee mutually covenant and agree for the equal and ratable benefit of the Holders of the Notes as follows: 
 1.        DEFINED TERMS. Defined terms used herein without definition shall have the meanings assigned to them in
the Indenture. 
 2.        AGREEMENT TO GUARANTEE. Each New Guarantor hereby agrees, jointly and
severally with all other New Guarantors and all existing Guarantors (if any), to provide an unconditional guarantee on the terms and subject to the conditions set forth in Article 11 of the Indenture and to be bound by all other applicable
provisions of the Indenture and the Notes and to perform all of the obligations and agreements of a Guarantor under the Indenture. 
  

 1 

 3.        NO RECOURSE AGAINST OTHERS. No past, present or future
director, manager, officer, employee, incorporator, stockholder or member of the Company, any parent entity of the Company or any Subsidiary, as such, will have any liability for any obligations of the Company or the Subsidiary Guarantors under the
Notes, the Indenture, the Note Guarantees or for any claim based on, in respect of, or by reason of, such obligations or their creation. Each Holder by accepting a Note waives and releases all such liability. The waiver and release are part of the
consideration for issuance of the Notes. The waiver may not be effective to waive liabilities under the federal securities laws. 
 4.        NOTICES. All notices or other communications to a New Guarantor shall be given as provided in Section 13.02 of the Indenture. 
 5.        RATIFICATION OF INDENTURE; SUPPLEMENTAL INDENTURES PART OF INDENTURE. Except as expressly amended
hereby, the Indenture is in all respects ratified and confirmed and all the terms, conditions and provisions thereof shall remain in full force and effect. This Supplemental Indenture shall form a part of the Indenture for all purposes, and every
holder of Notes heretofore or hereafter authenticated and delivered shall be bound hereby. 
 6.        WAIVER. Until the Notes have been paid in full, each New Guarantor waives and agrees that it shall not in any manner whatsoever claim or take the benefit or advantage of, any rights of
reimbursement, indemnity or subrogation or any other rights it may have against the Company or any other Restricted Subsidiary that arise as a result of any payment by such New Guarantor under this Supplemental Indenture. 
 7.        GOVERNING LAW. THIS INDENTURE, THE NOTES AND THE NOTE GUARANTEES SHALL BE GOVERNED BY, AND CONSTRUED IN
ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK. 
 8.        COUNTERPARTS. The parties may sign
any number of copies of this Supplemental Indenture. Each signed copy shall be an original, but all of them together represent the same agreement. 
 9.        EFFECT OF HEADINGS. The Section headings herein are for convenience only and shall not affect the construction hereof. 
 10.        TRUSTEE MAKES NO REPRESENTATION. The Trustee makes no representation as to the validity or sufficiency
of this Supplemental Indenture. The recitals and statements contained herein are deemed to be solely those of each New Guarantor and the Company. 
 [SIGNATURE PAGE FOLLOWS] 
  

 2 

 IN WITNESS WHEREOF, the parties hereto have caused this Supplemental Indenture to be duly executed and attested, all as
of the date first above written. 
  

											
		 		 		 		 	New Guarantors:
	NCO GROUP, INC.	 		 	Asset Recovery & Management Corp.
		 		 		 	Coast to Coast Consulting, LLC
	By:	 	 /s/Michael J. Barrist
	 		 	Greystone Business Group, LLC
	Name:	 	Michael J. Barrist	 		 	Gulf State Credit, L.L.C.
	Title:	 	President	 		 	Jennifer Loomis & Associates, Inc.
		 		 		 	North Shore Agency, Inc.
		 		 		 	Old OSI LLC
		 		 		 		 	OSI Collection Services, Inc.
	THE BANK OF NEW YORK,	 		 	OSI Education Services, Inc.
	as Trustee	 		 	OSI Outsourcing Services International, Inc.
		 		 		 	OSI Outsourcing Services, Inc.
	By:	 	 /s/Mary LaGumina
	 		 	OSI Portfolio Services, Inc.
	Name:	 	Mary LaGumina	 		 	OSI Recovery Solutions, Inc.
	Title:	 	Vice President	 		 	OSI SPE LLC
		 		 		 	OSI Support Services, Inc.
		 		 		 		 	Outsourcing Solutions Inc.
		 		 		 		 	Pacific Software Consulting, LLC
		 		 		 		 	PAE Leasing, LLC
		 		 		 		 	Payco American International Corp.
		 		 		 		 	Perimeter Credit, L.L.C.
		 		 		 		 	Professional Recoveries Inc.
		 		 		 		 	Qualink, Inc.
		 		 		 		 	Transworld Systems Inc.
		 		 		 		 	Union Settlement Administrator, Inc.
		 		 		 		 	Union Settlement Administrator Holdco, Inc.
		 		 		 	University Accounting Service, LLC
						
		 		 		 		 	By:	 	 /s/Michael J. Barrist

		 		 		 		 	Name:	 	Michael J. Barrist
		 		 		 		 	Title:	 	President and Chief Executive Officer of each of the above entities
					
		 		 		 		 	 Credit Receivables Corporation I Systems & Services Technologies, Inc.
 Tempest Recovery Services, Inc.
 NCOP X, LLC

						
		 		 		 		 	By:	 	 /s/Albert Zezulinski

		 		 		 		 	Name:	 	Albert Zezulinski
		 		 		 		 	Title:	 	President and Chief Executive Officer of each of the above entities

 [Signature Page To Senior Supplemental Indenture]Fifth Supplemental Indenture - 11.875% Senior Subordinated Notes due 2014

 Exhibit 4.23 
 FIFTH SUPPLEMENTAL INDENTURE 
 FIFTH SUPPLEMENTAL INDENTURE (this “Supplemental
Indenture”), dated as of February 29, 2008, among each of the entities listed on the signature page hereto under the heading “New Guarantors” (each, a “New Guarantor”), each of which is a subsidiary of NCO
Group, Inc., a Delaware corporation (the “Company”), and The Bank of New York, a New York banking corporation, as trustee under the Indenture referred to below (the “Trustee”). 
 W I T N E S S E T H 
 WHEREAS, the Company
(as the successor in interest to NCO Group, Inc., a Pennsylvania corporation) and the existing Guarantors have heretofore executed and delivered to the Trustee an indenture (as amended, supplemented or otherwise modified, the
“Indenture”), dated as of November 15, 2006 providing for the issuance of 11.875% Senior Subordinated Notes due 2014 (the “Notes”); 
 WHEREAS, Section 4.17 of the Indenture provides that under certain circumstances each New Guarantor shall execute and deliver to the Trustee a supplemental indenture pursuant to which the New Guarantor shall
unconditionally guarantee all of the Company’s obligations under the Notes and the Indenture on the terms and conditions set forth herein (the “Note Guarantee”); and 
 WHEREAS, pursuant to Section 9.01 of the Indenture, the Trustee, the Company and the existing Guarantors are authorized to execute and deliver this
Supplemental Indenture. 
 NOW, THEREFORE, in consideration of the foregoing and for other good and valuable consideration, the receipt of
which is hereby acknowledged, each New Guarantor, the Company and the Trustee mutually covenant and agree for the equal and ratable benefit of the Holders of the Notes as follows: 
 1.        DEFINED TERMS. Defined terms used herein without definition shall have the meanings assigned to them in
the Indenture. 
 2.        AGREEMENT TO GUARANTEE. Each New Guarantor hereby agrees, jointly and
severally with all other New Guarantors and all existing Guarantors (if any), to provide an unconditional guarantee on the terms and subject to the conditions set forth in Article 11 of the Indenture and to be bound by all other applicable
provisions of the Indenture, including the provisions relating to the subordination of such guarantee set forth in Article 10, and the Notes and to perform all of the obligations and agreements of a Guarantor under the Indenture. 
  

 1 

 3.        NO RECOURSE AGAINST OTHERS. No past, present or future
director, manager, officer, employee, incorporator, stockholder or member of the Company, any parent entity of the Company or any Subsidiary, as such, will have any liability for any obligations of the Company or the Subsidiary Guarantors under the
Notes, the Indenture, the Note Guarantees or for any claim based on, in respect of, or by reason of, such obligations or their creation. Each Holder by accepting a Note waives and releases all such liability. The waiver and release are part of the
consideration for issuance of the Notes. The waiver may not be effective to waive liabilities under the federal securities laws. 
 4.        NOTICES. All notices or other communications to a New Guarantor shall be given as provided in Section 13.02 of the Indenture. 
 5.        RATIFICATION OF INDENTURE; SUPPLEMENTAL INDENTURES PART OF INDENTURE. Except as expressly amended
hereby, the Indenture is in all respects ratified and confirmed and all the terms, conditions and provisions thereof shall remain in full force and effect. This Supplemental Indenture shall form a part of the Indenture for all purposes, and every
holder of Notes heretofore or hereafter authenticated and delivered shall be bound hereby. 
 6.        WAIVER. Until the Notes have been paid in full, each New Guarantor waives and agrees that it shall not in any manner whatsoever claim or take the benefit or advantage of, any rights of
reimbursement, indemnity or subrogation or any other rights it may have against the Company or any other Restricted Subsidiary that arise as a result of any payment by such New Guarantor under this Supplemental Indenture. 
 7.        GOVERNING LAW. THIS INDENTURE, THE NOTES AND THE NOTE GUARANTEES SHALL BE GOVERNED BY, AND CONSTRUED IN
ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK. 
 8.        COUNTERPARTS. The parties may sign
any number of copies of this Supplemental Indenture. Each signed copy shall be an original, but all of them together represent the same agreement. 
 9.        EFFECT OF HEADINGS. The Section headings herein are for convenience only and shall not affect the construction hereof. 
 10.        TRUSTEE MAKES NO REPRESENTATION. The Trustee makes no representation as to the validity or sufficiency
of this Supplemental Indenture. The recitals and statements contained herein are deemed to be solely those of each New Guarantor and the Company. 
 [SIGNATURE PAGE FOLLOWS] 
  

 2 

 IN WITNESS WHEREOF, the parties hereto have caused this Supplemental Indenture to be duly executed and attested, all as
of the date first above written. 
  

									
		 		 		 	New Guarantors:
	NCO GROUP, INC.	 		 	Asset Recovery & Management Corp.
		 		 	Coast to Coast Consulting, LLC
	By:	 	 /s/Michael J. Barrist
	 		 	Greystone Business Group, LLC
	Name:	 	Michael J. Barrist	 		 	Gulf State Credit, L.L.C.
	Title:	 	President	 		 	Jennifer Loomis & Associates, Inc.
		 		 		 	North Shore Agency, Inc.
		 		 		 	Old OSI LLC
		 		 		 	OSI Collection Services, Inc.
	THE BANK OF NEW YORK,	 		 	OSI Education Services, Inc.
	as Trustee	 		 	OSI Outsourcing Services International, Inc.
		 		 		 	OSI Outsourcing Services, Inc.
	By:	 	 /s/Mary LaGumina
	 		 	OSI Portfolio Services, Inc.
	Name:	 	Mary LaGumina	 		 	OSI Recovery Solutions, Inc.
	Title:	 	Vice President	 		 	OSI SPE LLC
		 		 		 	OSI Support Services, Inc.
		 		 		 	Outsourcing Solutions Inc.
		 		 		 	Pacific Software Consulting, LLC
		 		 		 	PAE Leasing, LLC
		 		 		 	Payco American International Corp.
		 		 		 	Perimeter Credit, L.L.C.
		 		 		 	Professional Recoveries Inc.
		 		 		 	Qualink, Inc.
		 		 		 	Transworld Systems Inc.
		 		 		 	Union Settlement Administrator, Inc.
		 		 		 	Union Settlement Administrator Holdco, Inc.
		 		 	University Accounting Service, LLC
					
		 		 		 	By:	 	 /s/Michael J. Barrist

		 		 		 	Name:	 	Michael J. Barrist
		 		 		 	Title:	 	President and Chief Executive Officer of each of the above entities
				
		 		 		 	 Credit Receivables Corporation I
 Systems
& Services Technologies, Inc.
 Tempest Recovery Services, Inc.
 NCOP X, LLC

					
		 		 		 	By:	 	 /s/Albert Zezulinski

		 		 		 	Name:	 	Albert Zezulinski
		 		 		 	Title:	 	President and Chief Executive Officer of each of the above entities

 [Signature Page To Senior Subordinated Supplemental Indenture]

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