Document:

EX-4.1

 Exhibit 4.1 

EXECUTION VERSION 
 TRANCHE B-6
TERM LOAN 
 JOINDER AGREEMENT NO. 2 

JOINDER AGREEMENT NO. 2, dated as of March 18, 2016 (this “Agreement”), by and among Bank of America, N.A. (the
“Tranche B-6 Funding Loan Lender”), each Tranche B-6 Converting Loan Lender (as defined below), HCA INC., a Delaware corporation (the “Borrower”) and BANK OF AMERICA, N. A., as Administrative Agent and as Collateral
Agent. 
 RECITALS: 

WHEREAS, reference is hereby made to the Credit Agreement, dated as of November 17, 2006, as amended and restated as of May 4, 2011, as
further amended and restated as of February 26, 2014 and as further supplemented as of June 10, 2015 (as further amended, restated, supplemented or otherwise modified from time to time, the “Credit Agreement”), among the Borrower,
the Lenders party thereto, Bank of America, N. A., as Administrative Agent, Swingline Lender and Letter of Credit Issuer and the other parties named therein (capitalized terms used but not defined herein having the meaning provided in the Credit
Agreement); 
 WHEREAS, subject to the terms and conditions of the Credit Agreement, the Borrower may establish New Term Loan
Commitments by, among other things, entering into one or more Joinder Agreements with New Term Loan Lenders; 
 WHEREAS, the Borrower
desires to establish a Series of New Term Loans pursuant to this Agreement which shall be titled the “Tranche B-6 Term Loans”; 

WHEREAS, the Tranche B-6 Term Loans constitute Ratio First Lien Indebtedness under the Credit Agreement; and 

WHEREAS, Bank of America, N.A., JPMorgan Chase Bank, N.A., Citigroup Global Markets Inc. and Wells Fargo Securities LLC are acting as
joint lead arrangers and joint bookrunners for the Tranche B-6 Term Loans. 
 NOW, THEREFORE, in consideration of the premises and
agreements, provisions and covenants herein contained, the parties hereto agree as follows: 
 The Tranche B-6 Funding Loan Lender hereby
agrees to commit to provide its New Term Loan Commitment with respect to the Tranche B-6 Term Loans (its “Tranche B-6 Term Loan Commitment”), as set forth on Schedule A annexed hereto, on the terms and subject to the
conditions set forth below. Each Tranche B-5 Term Loan Lender that has executed a counterpart of this Agreement in its capacity as such (each a “Tranche B-6 Converting Loan Lender” and together with the Tranche B-6 Funding Loan
Lender, the “Tranche B-6 Loan Lenders”), hereby agrees to have the portion of such Tranche B-5 Term Loans so converted in accordance herewith (after giving effect to any reduction as contemplated by the signature pages hereto) (as
to such Tranche B-6 Converting Loan Lender, its “Converted Tranche B-5 Term Loans”) converted to Tranche B-6 Term Loans, on the terms and subject to the conditions set forth below. 

  
 - 1 - 

 Each Tranche B-6 Loan Lender (i) confirms that it has received a copy of the Credit Agreement and
the other Credit Documents and the exhibits thereto, together with copies of the financial statements referred to therein and such other documents and information as it has deemed appropriate to make its own credit analysis and decision to enter
into this Agreement; (ii) agrees that it will, independently and without reliance upon the Administrative Agent or any other Tranche B-6 Loan Lender or any other Lender or Agent and based on such documents and information as it shall deem
appropriate at the time, continue to make its own credit decisions in taking or not taking action under the Credit Agreement; (iii) appoints and authorizes the Administrative Agent to take such action as agent on its behalf and to exercise such
powers under the Credit Agreement and the other Credit Documents as are delegated to the Administrative Agent by the terms thereof, together with such powers as are reasonably incidental thereto; and (iv) agrees that it will perform in accordance
with their terms all of the obligations which by the terms of the Credit Agreement are required to be performed by it as a Tranche B-6 Loan Lender. 

Each Tranche B-6 Loan Lender hereby agrees to make its respective Commitment on the following terms and conditions: 

 

	1.	Applicable Margins. The Applicable ABR Margin and Applicable LIBOR Margin for the Tranche B-6 Term Loans shall be as set forth below: 

 

			
	 Tranche B-6 Term Loans

	 Applicable LIBOR

Margin
	  	 Applicable ABR

Margin

	 3.25%
	  	2.25%

  

	2.	Principal Payments. The Borrower shall make principal payments on the Tranche B-6 Term Loans in installments on the dates and in the amounts set forth below (with amounts set forth below expressed as a
percentage of the aggregate principal amount of the Tranche B-6 Term Loans on the Tranche B-6 Effective Date): 

  

			
	 (A)

New Repayment

Date
	  	 (B)

Tranche B-6 Term Loan

Repayment Amount

	 June 30, 2016
	  	0.25%
	 September 30, 2016
	  	0.25%
	 December 31, 2016
	  	0.25%
	 March 31, 2017
	  	0.25%
	 June 30, 2017
	  	0.25%
	 September 30, 2017
	  	0.25%
	 December 31, 2017
	  	0.25%

  
 - 2 - 

			
	 (A)

New Repayment

Date
	  	(B)
Tranche B-6 Term Loan
Repayment Amount
	 March 31, 2018
	  	0.25%
	 June 30, 2018
	  	0.25%
	 September 30, 2018
	  	0.25%
	 December 31, 2018
	  	0.25%
	 March 31, 2019
	  	0.25%
	 June 30, 2019
	  	0.25%
	 September 30, 2019
	  	0.25%
	 December 31, 2019
	  	0.25%
	 March 31, 2020
	  	0.25%
	 June 30, 2020
	  	0.25%
	 September 30, 2020
	  	0.25%
	 December 31, 2020
	  	0.25%
	 March 31, 2021
	  	0.25%
	 June 30, 2021
	  	0.25%
	 September 30, 2021
	  	0.25%
	 December 31, 2021
	  	0.25%
	 March 31, 2022
	  	0.25%
	 June 30, 2022
	  	0.25%
	 September 30, 2022
	  	0.25%
	 December 31, 2022
	  	0.25%
	 Tranche B-6 Term Loan

Maturity Date
	  	Remaining
 outstanding amounts

 Notwithstanding the foregoing, the Borrower shall repay all outstanding Tranche B-6 Term Loans on March 18, 2023 (or, if such
day is not a Business Day, the immediately preceding Business Day) (the “Tranche B-6 Term Loan Maturity Date”). 
  

	3.	Voluntary and Mandatory Prepayments. Scheduled installments of principal of the Tranche B-6 Term Loans set forth above shall be reduced in connection with any voluntary or mandatory prepayments of the
Tranche B-6 Term Loans in accordance with Sections 5.1 or 5.2 of the Credit Agreement, respectively. 

  

	4.	Prepayment Fees. In the event that prior to the date that is twelve months after the Tranche B-6 Effective Date a Repricing Transaction occurs with respect to the Tranche B-6 Term Loans, the Borrower shall pay a
premium to each Lender whose Tranche B-6 Term Loan is repaid or amended (including any Non-Consenting Lender who is required to assign its Tranche B-6 Term Loans), as applicable, equal to the 1.00% of the principal amount of such Lender’s
affected Tranche B-6 Term Loan. 

  
 - 3 - 

 For purposes of the foregoing: 

“Repricing Transaction” shall mean the repayment, refinancing or replacement of all or a portion of the Tranche B-6 Term
Loans with proceeds from the incurrence by any Credit Party of any long-term bank debt financing incurred for the primary purpose of repaying, refinancing or replacing the Tranche B-6 Term Loans having an effective interest cost or weighted average
yield (excluding any arrangement or commitment fees in connection therewith) that is less than the effective interest rate for or weighted average yield of the Tranche B-6 Term Loans, including, without limitation, as may be effected through any
amendment to this Agreement relating to the interest rate for, or weighted average yield of, the Tranche B-6 Term Loans; provided that such prepayment premium shall not be payable if the prepayment or refinancing is made in connection with a
Change of Control. 
  

	5.	Other Terms of Tranche B-6 Term Loans. Except as expressly set forth herein, the terms of the Tranche B-6 Term Loans shall be identical to the terms of the Tranche B-5 Term Loans. References in the
Credit Agreement to Term Loans shall include without limitation, the Tranche B-6 Term Loans which shall be deemed to be a separate Class of Term Loans under the Credit Agreement. 

 

	6.	Funding and Conversion of Tranche B Term Loans. Subject to the terms and conditions of this Agreement, on the Tranche B-6 Effective Date (i) the Tranche B-6 Funding Loan Lender agrees to make to the Borrower
a Tranche B-6 Term Loan in an aggregate principal amount equal to its Tranche B-6 Term Loan Commitment and (ii) each Converted Tranche B-5 Term Loan of each Tranche B-6 Converting Loan Lender shall be converted into a Tranche B-6 Term Loan of such
Lender effective as of the Tranche B-6 Effective Date in a principal amount equal to the principal amount of such Lender’s Converted Tranche B-5 Term Loan immediately prior to such conversion. The Tranche B-6 Term Loan Commitment shall be
automatically and permanently reduced to $0 upon the funding of the Tranche B-6 Funding Loan Lender pursuant to this Section 6. 

  

	7.	Credit Agreement Governs. Except as set forth in this Agreement, the Tranche B-6 Term Loans shall otherwise be subject to the provisions of the Credit Agreement and the other Credit Documents.

  

	8.	Borrower’s Certifications. By its execution of this Agreement, the undersigned officer (solely in such capacity, not individually and without personal liability), to the best of his or her knowledge,
and the Borrower hereby certifies that: 

  

	 	(i)	The representations and warranties contained in the Credit Agreement and the other Credit Documents are true and correct in all material respects on and as of the date hereof to the same extent as though made on and as
of the date hereof, except to the extent such representations and warranties expressly relate to an earlier date, in which case such representations and warranties were true and correct in all material respects on and as of such earlier date; and

  

	 	(ii)	No event has occurred and is continuing or would result from the consummation of the proposed Borrowing contemplated hereby that would constitute a Default or an Event of Default. 

  
 - 4 - 

	9.	Conditions to Tranche B-6 Effective Date. This Agreement shall become effective on the date (the “Tranche B-6 Effective Date”) when each of the conditions set forth below has been satisfied:

 (i)    The Administrative Agent shall have received executed counterparts hereof (which
may include facsimile or other electronic transmission of a signed signature page to this Agreement) from the Borrower, the Tranche B-6 Funding Loan Lender, each Tranche B-6 Converting Loan Lender and the Administrative Agent; 

(ii)    The Administrative Agent shall have received from the Borrower an opinion of counsel from Simpson
Thacher & Bartlett LLP reasonably acceptable to the Administrative Agent covering such matters as are required pursuant to Section 2.14(a) of the Credit Agreement; 

(iii)    The Administrative Agent shall have received a completed “Life-of-Loan” Federal
Emergency Management Agency standard flood hazard determination with respect to each improved Mortgaged Property (together with a notice about special flood hazard area status and flood disaster assistance duly executed by the applicable Credit
Party relating thereto) and, with respect to any Mortgaged Property on which any “building” (as defined in the Flood Insurance Laws) is located in a special flood hazard area, evidence of flood insurance as and to the extent required under
Section 9.3 of the Credit Agreement; 
 (iv)    The Administrative Agent shall have received an
officer’s certificate of the Borrower setting forth the calculations (in reasonable detail) demonstrating compliance with (i) the financial test described in Section 10.8 of the Credit Agreement and (ii) the ratio set forth in the definition of
“Ratio First Lien Indebtedness” in the Credit Agreement; and 
 (v)    The Administrative Agent
shall have received a written notice of prepayment on the Tranche B-6 Effective Date of all Tranche B-5 Term Loans (other than the Converted Tranche B-5 Term Loans). 
  

	10.	Mortgage Amendments. No later than 90 days following the Tranche B-6 Effective Date, the Borrower shall deliver or cause to be delivered to the Collateral Agent: 

 

	 	(i)	an amendment to each Mortgage (each, a “Mortgage Amendment”) to which a Credit Party is then party duly executed and acknowledged by the applicable Credit Party, and in form for recording in the
recording office where the respective Mortgage was recorded, together with such certificates, affidavits, questionnaires or returns as shall be required in connection with the recording or filing thereof under applicable law, in each case in form
and substance reasonably satisfactory to the Administrative Agent; 

  

	 	(ii)	executed legal opinions, in form and substance reasonably satisfactory to the Administrative Agent, with respect to the due authorization, execution, delivery, and enforceability of such amended Mortgages; and

  
 -5- 

	 	(iii)	with respect to each amended Mortgage (i) a title search of the relevant Mortgaged Property (except for Mortgaged Properties located in Texas) confirming that there are no Liens of record in violation of the provisions
of the applicable Mortgage and (ii) for Mortgaged Properties located in Texas, a date-down or modification endorsement to the policy or policies of title insurance insuring the Lien of each Mortgage, issued by a nationally recognized title insurance
company (x) insuring that such Mortgage, as amended by such Mortgage Amendment is a valid and enforceable first priority lien on such Mortgaged Property in favor of the Collateral Agent for the benefit of the Secured Parties free and clear of all
Liens except as expressly permitted by Section 10.2 of the Credit Agreement or consented to by the Administrative Agent (y) otherwise in form and substance reasonably satisfactory to the Administrative Agent and (z) having the effect of a valid,
issued and binding endorsement to the respective title insurance policy. 

  

	11.	Recordation of the New Loans. Upon execution and delivery hereof, the Administrative Agent will record the Tranche B-6 Term Loans made or converted by each Tranche B-6 Loan Lender in the Register.

  

	12.	Certain U.S. Federal Income Tax Matters. The Borrower, the Administrative Agent and the Lenders agree that the Tranche B-6 Term Loans shall be treated in their entirety as one fungible tranche for
U.S. federal income tax purposes (i.e., the Tranche B-6 Term Loans received upon conversion of the Converted Tranche B-5 Term Loans shall be fungible for U.S. federal income tax purposes with the Tranche B-6 Term Loans made pursuant to the Tranche
B-6 Term Loan Commitment). For the avoidance of doubt and solely for purposes of FATCA, the Borrower and the Administrative Agent shall treat (and the Lenders hereby authorize the Administrative Agent to treat) the Tranche B-6 Term Loans as not
qualifying as “grandfathered obligations” within the meaning of Treasury Regulation Section 1.1471-2(b)(2)(i). 

  

	13.	Amendment, Modification and Waiver. This Agreement may not be amended, modified or waived except by an instrument or instruments in writing signed and delivered on behalf of each of the parties hereto.

  

	14.	Entire Agreement. This Agreement, the Credit Agreement and the other Credit Documents constitute the entire agreement among the parties hereto and thereto with respect to the subject matter hereof and
thereof and supersede all other prior agreements and understandings, both written and verbal, among the parties or any of them with respect to the subject matter hereof. 

 

	15.	GOVERNING LAW. THIS AGREEMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES HEREUNDER SHALL BE GOVERNED BY, AND SHALL BE CONSTRUED AND ENFORCED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW
YORK. 

  
 -6- 

	16.	Severability. Any term or provision of this Agreement which is invalid or unenforceable in any jurisdiction shall, as to that jurisdiction, be ineffective to the extent of such invalidity or unenforceability
without rendering invalid or unenforceable the remaining terms and provisions of this Agreement or affecting the validity or enforceability of any of the terms or provisions of this Agreement in any other jurisdiction. If any provision of this
Agreement is so broad as to be unenforceable, such provision shall be interpreted to be only so broad as would be enforceable. 

  

	17.	Counterparts. This Agreement may be executed in counterparts (including by facsimile or other electronic transmission), each of which shall be deemed to be an original, but all of which shall constitute one
and the same agreement. 

  

	18.	Effect of Joinder Agreement. Each and every term, condition, obligation, covenant and agreement contained in the Credit Agreement or any other Credit Document is hereby ratified and reaffirmed in all
respects and shall continue in full force and effect. Each Credit Party reaffirms its obligations under the Credit Documents to which it is party and the validity of the Liens granted by it pursuant to the Security Documents. From and
after the effective date of this Agreement, all references to the Credit Agreement in any Credit Document shall, unless expressly provided otherwise, refer to the Credit Agreement as supplemented by this Agreement. This Agreement shall be
deemed a Credit Document under the Credit Agreement. 

  

[Remainder of page intentionally left blank. Signature pages follow.] 

  
 -7- 

 IN WITNESS WHEREOF, each of the undersigned has caused its duly authorized officer to execute and deliver
this Agreement as of the date set forth above. 
  

			
	HCA INC.
		
	By:	 	 /s/ David G. Anderson

	Name:	 	David G. Anderson
	Title:	 	Senior Vice President - Finance

  

			
	Each of the GUARANTORS listed on Schedule I hereto
		
	By:	 	 /s/ John M. Franck II

	Name:	 	John M. Franck II
	Title:	 	Authorized Signatory

  
 [Joinder Agreement
Signature Page] 

 SCHEDULE I 
  

					
	 Guarantor
	  	By its
General
Partner	  	By its
Sole
Member
	 American Medicorp Development Co.
	  		  	
	 Bay Hospital, Inc.
	  		  	
	 Brigham City Community Hospital, Inc.
	  		  	
	 Brookwood Medical Center of Gulfport, Inc.
	  		  	
	 Capital Division, Inc.
	  		  	
	 Centerpoint Medical Center of Independence, LLC
	  		  	
	 Central Florida Regional Hospital, Inc.
	  		  	
	 Central Shared Services, LLC
	  		  	
	 Central Tennessee Hospital Corporation
	  		  	
	 CHCA Bayshore, L.P.
	  	*	  	
	 CHCA Conroe, L.P.
	  	*	  	
	 CHCA Mainland, L.P.
	  	*	  	
	 CHCA Pearland, L.P.
	  	*	  	
	 CHCA West Houston, L.P.
	  	*	  	
	 CHCA Woman’s Hospital, L.P.
	  	*	  	
	 Chippenham & Johnston-Willis Hospitals, Inc.
	  		  	
	 Citrus Memorial Hospital, Inc.
	  		  	
	 Citrus Memorial Property Management, Inc.
	  		  	
	 Colorado Health Systems, Inc.
	  		  	
	 Columbia ASC Management, L.P.
	  	*	  	
	 Columbia Healthcare System of Louisiana, Inc.
	  		  	
	 Columbia Jacksonville Healthcare System, Inc.
	  		  	
	 Columbia LaGrange Hospital, LLC
	  		  	
	 Columbia Medical Center of Arlington Subsidiary, L.P.
	  	*	  	
	 Columbia Medical Center of Denton Subsidiary, L.P.
	  	*	  	
	 Columbia Medical Center of Las Colinas, Inc.
	  		  	
	 Columbia Medical Center of Lewisville Subsidiary, L.P.
	  	*	  	
	 Columbia Medical Center of McKinney Subsidiary, L.P.
	  	*	  	
	 Columbia Medical Center of Plano Subsidiary, L.P.
	  	*	  	
	 Columbia North Hills Hospital Subsidiary, L.P.
	  	*	  	
	 Columbia Ogden Medical Center, Inc.
	  		  	
	 Columbia Parkersburg Healthcare System, LLC
	  		  	
	 Columbia Plaza Medical Center of Fort Worth Subsidiary, L.P.
	  	*	  	
	 Columbia Polk General Hospital, Inc.
	  		  	
	 Columbia Rio Grande Healthcare, L.P.
	  	*	  	
	 Columbia Riverside, Inc.
	  		  	
	 Columbia Valley Healthcare System, L.P.
	  	*	  	

					
	 Guarantor
	  	By its
General
Partner	  	By its
Sole
Member
	 Columbia/Alleghany Regional Hospital, Incorporated
	  		  	
	 Columbia/HCA John Randolph, Inc.
	  		  	
	 Columbine Psychiatric Center, Inc.
	  		  	
	 Columbus Cardiology, Inc.
	  		  	
	 Conroe Hospital Corporation
	  		  	
	 Dallas/Ft. Worth Physician, LLC
	  		  	
	 Dublin Community Hospital, LLC
	  		  	
	 Eastern Idaho Health Services, Inc.
	  		  	
	 Edward White Hospital, Inc.
	  		  	
	 El Paso Surgicenter, Inc.
	  		  	
	 Encino Hospital Corporation, Inc.
	  		  	
	 EP Health, LLC
	  		  	
	 Fairview Park GP, LLC
	  		  	
	 Fairview Park, Limited Partnership
	  	*	  	
	 Frankfort Hospital, Inc.
	  		  	
	 Galen Property, LLC
	  		  	
	 Good Samaritan Hospital, L.P.
	  	*	  	
	 Goppert-Trinity Family Care, LLC
	  		  	
	 GPCH-GP, Inc.
	  		  	
	 Grand Strand Regional Medical Center, LLC
	  		  	
	 Green Oaks Hospital Subsidiary, L.P.
	  	*	  	
	 Greenview Hospital, Inc.
	  		  	
	 HCA - IT&S Field Operations, Inc.
	  		  	
	 HCA - IT&S Inventory Management, Inc.
	  		  	
	 HCA-HealthONE LLC
	  		  	
	 HCA American Finance LLC
	  		  	
	 HCA Central Group, Inc.
	  		  	
	 HCA Health Services of Florida, Inc.
	  		  	
	 HCA Health Services of Louisiana, Inc.
	  		  	
	 HCA Health Services of Oklahoma, Inc.
	  		  	
	 HCA Health Services of Tennessee, Inc.
	  		  	
	 HCA Health Services of Virginia, Inc.
	  		  	
	 HCA Management Services, L.P.
	  	*	  	
	 HCA Pearland GP, Inc.
	  		  	
	 HCA Realty, Inc.
	  		  	
	 HCA SFB 1 LLC
	  		  	
	 HD&S Corp. Successor, Inc.
	  		  	
	 Health Midwest Office Facilities Corporation
	  		  	
	 Health Midwest Ventures Group, Inc.
	  		  	
	 Hendersonville Hospital Corporation
	  		  	
	 Hospital Corporation of Tennessee
	  		  	

					
	 Guarantor
	  	By its
General
Partner	  	By its
Sole
Member
	 Hospital Corporation of Utah
	  		  	
	 Hospital Development Properties, Inc.
	  		  	
	 HPG Enterprises, LLC
	  		  	
	 HSS Holdco, LLC
	  		  	
	 HSS Systems, LLC
	  		  	
	 HSS Virginia, L.P.
	  	*	  	
	 HTI Memorial Hospital Corporation
	  		  	
	 HTI MOB, LLC
	  		  	*
	 Integrated Regional Lab, LLC
	  		  	
	 Integrated Regional Laboratories, LLP
	  	*	  	
	 JFK Medical Center Limited Partnership
	  	*	  	
	 KPH-Consolidation, Inc.
	  		  	
	 Lakeland Medical Center, LLC
	  		  	
	 Lakeview Medical Center, LLC
	  		  	
	 Largo Medical Center, Inc.
	  		  	
	 Las Vegas Surgicare, Inc.
	  		  	
	 Lawnwood Medical Center, Inc.
	  		  	
	 Lewis-Gale Hospital, Incorporated
	  		  	
	 Lewis-Gale Medical Center, LLC
	  		  	
	 Lewis-Gale Physicians, LLC
	  		  	
	 Lone Peak Hospital, Inc.
	  		  	
	 Los Robles Regional Medical Center
	  		  	
	 Management Services Holdings, Inc.
	  		  	
	 Marietta Surgical Center, Inc.
	  		  	
	 Marion Community Hospital, Inc.
	  		  	
	 MCA Investment Company
	  		  	
	 Medical Centers of Oklahoma, LLC
	  		  	
	 Medical Office Buildings of Kansas, LLC
	  		  	
	 Memorial Healthcare Group, Inc.
	  		  	
	 Midwest Division - ACH, LLC
	  		  	
	 Midwest Division - LRHC, LLC
	  		  	
	 Midwest Division - LSH, LLC
	  		  	
	 Midwest Division - MCI, LLC
	  		  	
	 Midwest Division - MMC, LLC
	  		  	
	 Midwest Division - OPRMC, LLC
	  		  	
	 Midwest Division - PFC, LLC
	  		  	
	 Midwest Division - RBH, LLC
	  		  	
	 Midwest Division - RMC, LLC
	  		  	
	 Midwest Holdings, Inc.
	  		  	
	 Montgomery Regional Hospital, Inc.
	  		  	
	 Mountain Division - CVH, LLC
	  		  	

					
	 Guarantor
	  	By its
General
Partner	  	By its
Sole
Member
	 Mountain View Hospital, Inc.
	  		  	
	 Nashville Shared Services General Partnership
	  	*	  	
	 National Patient Account Services, Inc.
	  		  	
	 New Iberia Healthcare, LLC
	  		  	
	 New Port Richey Hospital, Inc.
	  		  	
	 New Rose Holding Company, Inc.
	  		  	
	 North Florida Immediate Care Center, Inc.
	  		  	
	 North Florida Regional Medical Center, Inc.
	  		  	
	 North Texas – MCA, LLC
	  		  	
	 Northern Utah Healthcare Corporation
	  		  	
	 Northern Virginia Community Hospital, LLC
	  		  	
	 Northlake Medical Center, LLC
	  		  	
	 Notami Hospitals of Louisiana, Inc.
	  		  	
	 Notami Hospitals, LLC
	  		  	
	 Okaloosa Hospital, Inc.
	  		  	
	 Okeechobee Hospital, Inc.
	  		  	
	 Outpatient Cardiovascular Center of Central Florida, LLC
	  		  	
	 Palms West Hospital Limited Partnership
	  	*	  	
	 Palmyra Park Hospital, LLC
	  		  	
	 Parallon Business Solutions, LLC
	  		  	
	 Parallon Enterprises, LLC
	  		  	
	 Parallon Health Information Solutions, LLC
	  		  	
	 Parallon Holdings, LLC
	  		  	
	 Parallon Payroll Solutions, LLC
	  		  	
	 Parallon Physician Services, LLC
	  		  	
	 Parallon Technology Solutions, LLC
	  		  	
	 Parallon Workforce Management Solutions, LLC
	  		  	
	 Pasadena Bayshore Hospital, Inc.
	  		  	
	 PatientKeeper, Inc.
	  		  	
	 Pearland Partner, LLC
	  		  	
	 Plantation General Hospital, L.P.
	  	*	  	
	 Poinciana Medical Center, Inc.
	  		  	
	 Primary Health, Inc.
	  		  	
	 Primary Health Management, Ltd.
	  	*	  	
	 Pulaski Community Hospital, Inc.
	  		  	
	 Putnam Community Medical Center of North Florida LLC
	  		  	
	 Redmond Park Hospital, LLC
	  		  	
	 Redmond Physician Practice Company
	  		  	
	 Reston Hospital Center, LLC
	  		  	
	 Retreat Hospital, LLC
	  		  	

					
	 Guarantor
	  	By its
General
Partner	  	By its
Sole
Member
	 Rio Grande Regional Hospital, Inc.
	  		  	
	 Riverside Healthcare System, L.P.
	  	*	  	
	 Riverside Hospital, Inc.
	  		  	
	 Samaritan, LLC
	  		  	
	 San Jose Healthcare System, LP
	  	*	  	
	 San Jose Hospital, L.P.
	  	*	  	
	 San Jose Medical Center, LLC
	  		  	
	 San Jose, LLC
	  		  	
	 Sarah Cannon Research Institute, LLC
	  		  	*
	 Sarasota Doctors Hospital, Inc.
	  		  	
	 SCRI Holdings, LLC
	  		  	
	 SJMC, LLC
	  		  	
	 Southern Hills Medical Center, LLC
	  		  	
	 Southpoint, LLC
	  		  	
	 Spalding Rehabilitation L.L.C.
	  		  	
	 Spotsylvania Medical Center, Inc.
	  		  	
	 Spring Branch Medical Center, Inc.
	  		  	
	 Spring Hill Hospital, Inc.
	  		  	
	 Sun City Hospital, Inc.
	  		  	
	 Sunrise Mountainview Hospital, Inc.
	  		  	
	 Surgicare of Brandon, Inc.
	  		  	
	 Surgicare of Florida, Inc.
	  		  	
	 Surgicare of Houston Women’s, Inc.
	  		  	
	 Surgicare of Manatee, Inc.
	  		  	
	 Surgicare of Newport Richey, Inc.
	  		  	
	 Surgicare of Palms West, LLC
	  		  	
	 Surgicare of Riverside, LLC
	  		  	
	 Tallahassee Medical Center, Inc.
	  		  	
	 TCMC Madison-Portland, Inc.
	  		  	
	 Terre Haute Hospital GP, Inc.
	  		  	
	 Terre Haute Hospital Holdings, Inc.
	  		  	
	 Terre Haute MOB, L.P.
	  	*	  	
	 Terre Haute Regional Hospital, L.P.
	  	*	  	
	 The Regional Health System of Acadiana, LLC
	  		  	
	 Timpanogos Regional Medical Services, Inc.
	  		  	
	 Trident Medical Center, LLC
	  		  	
	 U.S. Collections, Inc.
	  		  	
	 Utah Medco, LLC
	  		  	
	 VH Holdco, Inc.
	  		  	
	 VH Holdings, Inc.
	  		  	
	 Virginia Psychiatric Company, Inc.
	  		  	

					
	 Guarantor
	  	By its
General
Partner	  	By its
Sole
Member
	 Vision Consulting Group, LLC
	  		  	
	 Vision Holdings, LLC
	  		  	
	 W & C Hospital, Inc.
	  		  	
	 Walterboro Community Hospital, Inc.
	  		  	
	 WCP Properties, LLC
	  		  	
	 Wesley Medical Center, LLC
	  		  	
	 West Florida – MHT, LLC
	  		  	
	 West Florida – PPH, LLC
	  		  	
	 West Florida – TCH, LLC
	  		  	
	 West Florida Regional Medical Center, Inc.
	  		  	
	 West Valley Medical Center, Inc.
	  		  	
	 Western Plains Capital, Inc.
	  		  	
	 WHMC, Inc.
	  		  	
	 Woman’s Hospital of Texas, Incorporated
	  		  	

 
			
	Consented to by:
	
	 BANK OF AMERICA, N.A.,
 as
Administrative Agent and Collateral Agent

		
	By:	 	 /s/ Liliana Claar

	Name:	 	Liliana Claar
	Title:	 	Vice President

  
 [Joinder Agreement
Signature Page] 

 [ADDITIONAL LENDER SIGNATURES OMITTED] 

  
 [Joinder Agreement
Signature Page]Exhibit 10.1

 

MASTER SERVICES AGREEMENT

 

This SERVICES AGREEMENT, dated as of March 14, 2016 and effective April 1, 2016 is made by and between MOELIS & COMPANY GROUP LP, a Delaware limited partnership (“Advisory”), and MOELIS ASSET MANAGEMENT LP, a Delaware limited partnership (“Asset Management”) and each of the following subsidiaries of Asset Management: MOELIS CAPITAL PARTNERS LLC, a Delaware limited liability company (“MCP”), P&S CREDIT MANAGEMENT, L.P., a Delaware limited partnership (“Gracie”), FREEPORT FINANCIAL PARTNERS LLC, a Delaware limited liability company (“Freeport”) STEELE CREEK INVESTMENT MANAGEMENT LLC, a Delaware limited liability company (“Steele Creek”) and COLLEGIUM GLOBAL PARTNERS LLC, a Delaware limited liability company (“Collegium”).

 

RECITALS

 

A.                                    Each of the Advisory and Asset Management were operated as businesses under Moelis Asset Management LP (formerly named Moelis & Company Holdings LP), prior to Advisory being distributed to its partners in connection with an initial public offering of Advisory.

 

B.                                    Advisory currently maintains certain staff and services which each of Asset Management, MCP, Gracie, Freeport, Steele Creek and Collegium utilizes in the course of their respective business.

 

C.                                    Asset Management and Advisory each desire that Advisory shall  henceforth provide the Asset Management Services (as defined below) to each of Asset Management, MCP, Gracie, Freeport and Steele Creek on the terms of and in accordance with this agreement.

 

D.                                    The parties additionally desire that this agreement govern any provision of services from Asset Management to Advisory.

 

AGREEMENT

 

The parties to this agreement, in exchange for the mutual promises made herein and intending to be legally bound hereby, agree as follows:

 

ARTICLE 1.

 

SERVICES TO BE PROVIDED

 

1.1                               Description of Services.  During the term of this agreement, Advisory will provide to Asset Management the services (the “Asset Management Services”) described on Schedule A-1 attached hereto (as the same may be amended from time to time, “Schedule A-1”).  Schedule A may be amended from time to time as set forth in Section 6.5 below.  During the term of this agreement, Asset Management will provide to Advisory the services (the “Advisory Services”, and together with the Asset Management Services, the “Services”) described on Schedule A-2 attached hereto (as the same may be amended from time to time, “Schedule A-2”).  Each of Schedule A-1 and Schedule A-2 may be amended from time to time as set forth in Section 6.5 below.  Any entity receiving Services hereunder shall be referred to as a “Recipient” and any entity providing Services hereunder shall be referred to as a “Provider” as applicable. Additionally, Advisory will sublet certain office space to Asset Management as set forth on Schedule A-3 attached hereto.

 

 

1.2                               Personnel.

 

(a)                                 The Services to be provided by a Provider to a Recipient shall be provided by employees of such Provider or by service providers to such Provider, as applicable. In the event that any employees of a Provider as of the date of this agreement cease to be employed by such Provider, the Provider will have no obligation to hire a new employee for the purpose of providing the Services to the applicable Recipient and will not be liable for any losses, costs or damages caused by, attributable to or arising in connection with (A) such Recipient’s failure to receive such Services, or (B) such Recipient’s transition from the Services to any replacement services.

 

(b)                                 Each entity acting as a Provider shall be responsible for the payment of all wages and federal, state and local taxes and withholdings payable with respect to the wages of such persons, shall maintain workers’ compensation insurance required by applicable statutes with respect to such persons and shall maintain and provide all applicable employee benefits for such persons.  No person providing Services to a Recipient shall be considered an employee of the Recipient because of the provision of such Services.

 

1.3                               Compensation.  Each Recipient shall pay each Provider a fee as set forth in Schedule B attached hereto as the total consideration for the Services to be provided to such Recipient during the term of this agreement and such Recipient shall not pay any additional fee or other compensation for such Services, unless the scope of those Services is expanded by mutual agreement of the parties and the parties agree that additional compensation should be paid in connection therewith.  Asset Management may pay to Advisory the fees due on behalf of its subsidiaries.

 

1.4                               Warranty Disclaimer.  NO PROVIDER MAKES ANY EXPRESS OR IMPLIED REPRESENTATIONS OR WARRANTIES, INCLUDING, WITHOUT LIMITATION, THE WARRANTIES IMPLIED BY LAW OR MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE, REGARDING THIS AGREEMENT, OR THE PERFORMANCE OF THE SERVICES CONTEMPLATED BY THIS AGREEMENT.

 

1.5                               Limitation of Liability.  No Provider will be liable to any Recipient or to any other person or entity for any losses, costs or damages caused by, attributable to or arising in connection with the performance, nonperformance or delayed performance of the Services to be provided to such Recipient contemplated by this agreement, except for such losses, costs or damages attributable to such Provider’s bad faith, gross negligence or willful misconduct for which damages the Provider will be liable.  Notwithstanding the foregoing, no Provider shall be liable for any special, indirect, consequential or punitive damages in connection with the Services to any Recipient even if the Provider has been advised of the possibility of such damages.  No Provider will be liable for any failure to perform or any delay in the performance of its obligations hereunder due to Force Majeure (as hereinafter defined).

 

1.6                               Consents.  Notwithstanding any provision of this agreement to the contrary, if the provision of any Service as contemplated by this agreement requires the consent, approval or authorization of any third party, the Provider providing such Service shall use its commercially reasonable efforts to obtain as promptly as possible after the date of this agreement such consent, approval or authorization (including obtaining from third party vendors all consents necessary to grant any sublicenses in connection with the performance of such Service) and shall be excused from performing such Service while it continues to use such commercially reasonable efforts.  Any fee, cost or expense incurred in connection with obtaining such consent, approval or authorization shall be paid by the

 

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Provider.  If any such consent, approval or authorization is not obtained promptly after the date of this agreement, the Provider shall notify the applicable Recipient and the parties shall cooperate in good faith to devise an alternative arrangement to the provision of such Service, which alternative arrangement shall be reasonably satisfactory to each party.

 

ARTICLE 2.

 

TERM AND TERMINATION

 

2.1                               Term.  The term of this agreement will commence upon April 1, 2016 and will continue until the one year anniversary thereof, subject to earlier termination as provided in Section 2.2 hereof or extension by mutual agreement.

 

2.2                               Termination.  This agreement may be terminated in accordance with the following provisions:

 

(a)                                 Any party may terminate this agreement solely as it applies to services provided or received between itself and another party by giving notice in writing to such other party should an event of Force Majeure (as defined in Section 3.1) continue for more than ninety (90) consecutive calendar days;

 

(b)                                 Any party may terminate this agreement solely as it applies to services provided or received between itself and another party by giving notice in writing to the other party in the event such other party is in material breach of this agreement and shall have failed to cure such breach within thirty (30) calendar days of receipt of written notice thereof from the non-breaching party; or

 

(c)                                  Any party may terminate this agreement solely as it applies to services provided or received between itself and another party by giving ninety (90) calendar days written notice to such other party.

 

(d)                                 Any two parties hereto may terminate this agreement solely as it applies to services provided or received between such parties with the mutual written consent of such parties.

 

2.3                               Rights and Obligations on Termination.  In the event of the termination of this agreement pursuant to Section 2.2, solely as it applies to services provided or received between such parties, a Provider will have the right to terminate any or all Services provided to a Recipient.  Such Recipient shall bear sole responsibility for obtaining replacement services, and such Provider shall bear no liability for such Recipient’s failure to obtain such service or for any difficulties in transitioning from the Services to such replacement service.

 

ARTICLE 3.

 

FORCE MAJEURE

 

3.1                               Definition.  “Force Majeure” means any event or condition, not existing as of the date of this agreement and not reasonably within the control of either party, which prevents in whole or in material part the performance by a Provider of its obligations hereunder or which renders the performance of such obligations so difficult or costly as to make such performance commercially unreasonable.

 

3

 

Without limiting the foregoing, the following, without limitation, will constitute events or conditions of Force Majeure: acts of state or governmental action, riots, disturbance, war, acts of terrorism, strikes, labor slowdowns, prolonged shortage of energy supplies, epidemics, fire, flood, hurricane, typhoon, earthquake and explosion.

 

3.2                               Notice.  Upon giving written notice to a Recipient, the Provider being affected by an event of Force Majeure will be released without any liability on its part from the performance of its obligations under this agreement, but, subject to Section 2.2, only to the extent and only for the period that its performance of such obligations is prevented by the event of Force Majeure.  Such notice must include a description of the nature of the event of Force Majeure, its cause and to the extent known its likely consequences.  Such Provider will promptly notify the applicable Recipient of the termination of such event.

 

ARTICLE 4.

 

INDEMNIFICATION

 

Each Recipient severally and not jointly agrees to protect, defend, hold harmless and indemnify each Provider severally and not jointly and its successors, assigns, directors, officers, members, employees and agents (collectively, the “Provider Representatives”), from and against any and all claims, demands, actions, liabilities, damages, losses, fines, penalties, costs and expenses, including reasonable attorneys’ fees (collectively referred to as “Claims”), actually or allegedly, directly or indirectly, arising out of or related to any actions taken or omitted to be taken by such Provider or any of such Provider Representatives in connection with the performance of any of the Services to be provided by such Provider to such Recipient hereunder, other than Claims that are the direct result of bad faith, gross negligence or willful misconduct of such Provider or such Provider’s Representative.  Notwithstanding the foregoing, no Recipient shall be liable for any special, indirect, consequential or punitive damages in connection with any Claim even if such Recipient has been advised of the possibility of such damages.

 

ARTICLE 5.

 

CONFIDENTIALITY

 

5.1                               Definition. In connection with the Services to be performed hereunder, a Recipient may provide to a Provider information about it, the funds, accounts or clients to which such Recipient provides investment management or advisory services, as applicable, their investors or other third parties that is confidential or proprietary in nature (the “Confidential Information”), which may include, but is not limited to, information of a technical, administrative and/or financial nature relating to the business operations of such Recipient.  The Recipient shall, except to the extent necessary for the Services, not disclose to the Provider Confidential Information about any issuer of securities to the public in the United States. Notwithstanding the foregoing, with respect to any Provider, Confidential Information shall not include information that: (a) has come into the public domain through no breach of this Article 5 by such Provider or any related Provider Representative; (b) is or becomes available to such Provider from any third party not known to be breaching an obligation of confidentiality to the Recipient; or (c) is independently developed by such Provider without reference to or use of the Confidential Information of the Recipient.

 

4

 

5.2                               Use and Protection of Confidential Information. Each Provider severally and not jointly, on behalf of itself and its Provider Representatives, agrees that the Confidential Information shall be kept confidential and, except with the prior written consent of the applicable Recipient, shall not disclose to any third party, including to any other Recipient, any of the Confidential Information disclosed to such Provider or any Provider Representative hereunder in any manner whatsoever, except as needed to Provider Representatives who are subject to confidentiality obligations substantially similar to those set forth herein and who have a reasonable need to know such Confidential Information in order to provide the Services under this agreement.  This Article 5 shall terminate as between any two parties two years following termination of this agreement between such two parties.

 

5.3                               Legally Compelled or Requested Disclosure.  If a Provider or a Provider Representative is requested or required (in either case by oral questions, interrogatories, requests for information or documents, subpoena, civil investigative demand or similar process) to disclose any Confidential Information, such Provider agrees to the extent permissible to provide the applicable Recipient with prompt notice of each such request, to the extent practicable, so that the Recipient may seek an appropriate protective order or waive such Provider’s compliance with the provisions of this agreement.  If, absent the entry of a protective order or the receipt of a waiver under this agreement, any Provider or its Provider Representative, as the case may be, on the advice of its counsel, is legally compelled to disclose such information, such Provider or Provider Representative as the case may be may disclose such information to the persons and to the extent required without liability under this agreement, and the Provider agrees to cooperate with the Recipient’s efforts to obtain reliable assurances that confidential treatment will be accorded any Confidential Information so furnished.  For the avoidance of doubt, the immediately preceding sentence shall not require any Provider to take any action that would cause it to incur more than de minimis cost or expense unless the applicable Recipient agrees to advance or reimburse the Provider for such cost and expense.  In addition, a Provider may also disclose its business records (including documents including Confidential Information) to its financial regulatory authorities without notice to the Recipient in connection with customary examinations and inquiries with respect to its business.

 

5.4                               Return or Destruction of Confidential Information. Upon demand by a Recipient at any time, or upon expiration or termination of this agreement with respect to the Services, the applicable Provider agrees promptly to, and to cause each of its Provider Representatives to, return or destroy, at the Recipient’s option, all Confidential Information, provided that the Provider may maintain such Confidential Information in accordance with its internal document retention policies.

 

ARTICLE 6.

 

MISCELLANEOUS

 

6.1                               Notices.  All notices, requests, claims, demands and other communications hereunder shall be in writing and shall be given or made (and shall be deemed to have been duly given or made when delivered in person or when transmitted by facsimile, or one business day after having been dispatched by a nationally recognized overnight courier service to the respective parties at the following addresses (or at such other address for a party as shall be specified in a notice given in accordance with this Section 6.1):

 

If to Advisory, addressed to:

 

5

 

Moelis & Company Group LP

399 Park Avenue, 5th Floor

New York, NY  10022-8604

Attention:  Osamu Watanabe

Email: osamu.watanabe@moelis.com

 

If to MCP, addressed to:

 

Moelis Capital Partners LLC

399 Park Avenue, 6th Floor

New York, NY  10022-8604

Attention:  Marie Bober

Email: marie.bober@moelis.com

 

If to Gracie, addressed to:

 

P&S Credit Management, L.P.

399 Park Avenue, 6th Floor

New York, NY  10022-8604

Attention:  Sam Konz

Email: konz@graciecap.com

 

If to Freeport, addressed to:

 

Freeport Financial Partners LLC

200 South Wacker Drive, Suite 750

Chicago, IL  60606

Attention:  Joseph Walker

Email: jvwalker@freeportfinancial.com

 

If to Steele Creek, addressed to:

 

Steele Creek Investment Management LLC

201 S. College Street, Suite 1690

Charlotte, North Carolina 28244

Attention:  Glenn Duffy

Email: glenn.duffy@steelecreek.com

 

If to Asset Management, addressed to:

 

Moelis Asset Management LP

399 Park Avenue, 5th Floor

New York, NY  10022-8604

Attention:  Sabrina Tamraz

Email: Sabrina.tamraz@moelisam.com

 

6

 

6.2                               Independent Contracting Parties.  The parties hereto expressly acknowledge that no employment, partnership or joint venture relationship is created by this agreement, and hereby agree as follows:

 

(a)                                 Each party at all times during the term of this agreement shall be an independent contracting party;

 

(b)                                 For purposes of the Services to be performed under this agreement, except in the case of dual employees of Advisory and Asset Management, no Provider nor anyone employed by or acting for or on behalf of any Provider shall be construed as an employee of any Recipient, and no Recipient shall be liable for employment or withholding taxes respecting any Provider or any employee of any Provider, or any employee benefits therefor.

 

6.3                               Cooperation.  The parties will each use good faith efforts to reasonably cooperate with each other in all matters relating to the provision and receipt of the Services.  Such cooperation shall include the applicable Recipient obtaining all Recipient-required consents, licenses or approvals necessary to permit a Provider to perform its obligations hereunder; Recipient agrees to reasonably cooperate with assisting the Provider obtaining all Provider-required consents, licenses or approvals.  The parties will, for a period of five (5) years after the termination of this agreement, maintain information relating to the Services and cooperate with each other in making such information available as needed, subject to appropriate confidentiality requirements, in the event of any audit, investigation or litigation.

 

6.4                               Assignment.  No party has the right to, directly or indirectly, in whole or in part, assign, delegate, convey or otherwise transfer, whether voluntarily, involuntarily or by operation of law, its rights and obligations under this agreement, except with the prior written approval of the other party or parties as applicable. Notwithstanding the foregoing, any party may assign, delegate, convey or otherwise transfer its own rights and obligations under this agreement without obtaining the prior written approval of any other party to a successor by merger, consolidation or similar business combination or to a purchaser in connection with the sale of all or substantially all of such party’s assets.  Any action prohibited by this Section 6.4 will be null and void.

 

6.5                               Amendment; Waiver.  Neither this agreement nor any provision hereof may be modified, amended, rescinded, canceled or waived, in whole or in part, except by a written instrument duly executed by the applicable parties hereto.  No failure or delay by a party to take any action or assert any right or remedy hereunder or to enforce strict compliance with any provision hereof will be deemed to be a waiver of, or estoppel with respect to, such right, remedy or noncompliance in the event of the continuation or repetition of the circumstances giving rise to such right, remedy or noncompliance.  No waiver shall be effective unless given in a duly executed written instrument.

 

6.6                               Survival of Provisions.  The rights, remedies, agreements, obligations and covenants of each of the parties contained in or made pursuant to this agreement which by their terms extend beyond the termination of this agreement, including, without limitation, Article 4 (relating to indemnification) and Article 5 (relating to confidentiality), will survive the termination of this agreement and will remain in full force and effect.

 

6.7                               Severability.  Any term or provision of this agreement that is held by a court of competent jurisdiction to be invalid, void or unenforceable in any situation in any jurisdiction shall not affect the validity or enforceability of the remaining terms and provisions hereof or the validity or

 

7

 

enforceability of the offending term or provision in any other situation or in any other jurisdiction.  If the final judgment of a court of competent jurisdiction declares that any term or provision hereof is invalid, void or unenforceable, the parties hereto agree that the court making such determination, to the greatest extent legally permissible, shall have the power to reduce or alter the term or provision, to delete specific words or phrases, or to replace any invalid, void or unenforceable term or provision with a term or provision that is valid and enforceable and that comes closest to expressing the intent of the invalid, void or unenforceable term or provision.

 

6.8                               Entire Agreement.  This agreement and the Schedules hereto constitute the entire agreement of the parties hereto with respect to the subject matter hereof and supersede all prior agreements and undertakings, both written and oral, by and among the parties with respect to the subject matter hereof.

 

6.9                               Governing Law; Non-Binding Mediation; Jurisdiction.  This agreement shall be governed by, and construed in accordance with, the laws of the State of New York (without regard to the laws of conflict of any jurisdiction).  Any dispute, controversy or claim arising out of or in connection with this Agreement, or the interpretation, breach, termination or validity thereof (“Dispute”) shall be finally resolved by arbitration in accordance with the Commercial Arbitration Rules of the American Arbitration Association (“AAA”) then in effect (the “Rules”), except as modified herein and such arbitration shall be administered by the AAA.  The place of arbitration shall be New York, New York.  There shall be one arbitrator who shall be agreed upon by the parties within twenty (20) days of receipt by respondent of a copy of the demand for arbitration.  If any arbitrator is not appointed within the time limit provided herein, such arbitrator shall be appointed by the AAA in accordance with the listing, striking and ranking procedure in the Rules, with each party being given a limited number of strikes, except for cause.  Any arbitrator appointed by the AAA shall be a retired judge or a practicing attorney with no less than fifteen years of experience with corporate and financial matters and an experienced arbitrator.  In rendering an award, the arbitrator shall be required to follow the laws of the state of New York.  The award shall be in writing and shall briefly state the findings of fact and conclusions of law on which it is based.  The arbitrator shall not be permitted to award punitive, multiple or other non-compensatory damages.  The award shall be final and binding upon the parties and shall be the sole and exclusive remedy between the parties regarding any claims, counterclaims, issues or accounting presented to the arbitrator.  Judgment upon the award may be entered in any court having jurisdiction over any party or any of its assets.  Any costs or fees (including attorneys’ fees and expenses) incident to enforcing the award shall be charged against the party resisting such enforcement.  All Disputes shall be resolved in a confidential manner.  The arbitrator shall agree to hold any information received during the arbitration in the strictest of confidence and shall not disclose to any non-party the existence, contents or results of the arbitration or any other information about such arbitration.  The parties to the arbitration shall not disclose any information about the evidence adduced or the documents produced by the other party in the arbitration proceedings or about the existence, contents or results of the proceeding except as may be required by law, regulatory or governmental authority or as may be necessary in an action in aid of arbitration or for enforcement of an arbitral award.  Before making any disclosure permitted by the preceding sentence (other than private disclosure to financial regulatory authorities), the party intending to make such disclosure shall use reasonable efforts to give the other party reasonable written notice of the intended disclosure and afford the other party a reasonable opportunity to protect its interests.  Barring extraordinary circumstances (as determined in the sole discretion of the arbitrator), discovery shall be limited to pre-hearing disclosure of documents that each side will present in support of its case, and non-privileged documents essential to a matter of import in the proceeding for which a party has demonstrated a substantial need. The parties agree that they will produce to each other all such requested non-privileged

 

8

 

documents, except documents objected to and with respect to which a ruling has been or shall be sought from the arbitrator. There will be no depositions.

 

6.10                        Counterparts; Headings.  This agreement may be executed and delivered (including by facsimile or PDF transmission) in one or more counterparts, and by the different parties in separate counterparts, each of which when executed shall be deemed to be an original, but all of which taken together shall constitute one and the same agreement.  The headings of the sections and articles of this agreement are inserted for convenience only and do not constitute a substantive part hereof.

 

[The remainder of this page is intentionally left blank.]

 

9

 

IN WITNESS WHEREOF, the parties have caused this agreement to be duly executed by their authorized representatives as of the date first above written.

 

	
MOELIS & COMPANY GROUP LP
    	
MOELIS CAPITAL PARTNERS LLC
    
	
a   Delaware limited partnership
    	
a Delaware limited   liability company
    
	
 
    	
 
    
	
By:
    	
Moelis &   Company Group GP LLC, its General Partner
    	
 
    	
By:
    	
Moelis Asset Management   LP, its Sole Member
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
By:
    	
/s/ Elizabeth Crain
    	
 
    	
By:
    	
/s/ Elizabeth Crain
    
	
Name:
    	
Elizabeth Crain
    	
 
    	
Name:
    	
Elizabeth Crain
    
	
Title:
    	
Chief Operating Officer
    	
 
    	
Title:
    	
Chief Operating Officer
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
P&S CREDIT MANAGEMENT L.P.,
    	
 
    	
FREEPORT FINANCIAL PARTNERS LLC
    
	
a   Delaware limited partnership
    	
 
    	
a Delaware limited   liability company
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
By:
    	
P&S Credit   Partners, LLC,
    	
 
    	
By:
    	
Moelis Freeport   Holdings LLC, its Manager
    
	
 
    	
its General Partner
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
By:
    	
/s/ James Palmisciano
    	
 
    	
By:
    	
/s/ Joseph Walker
    
	
Name:
    	
James Palmisciano
    	
 
    	
Name:
    	
Joseph Walker
    
	
Title:
    	
CIO-Managing Member
    	
 
    	
Title:
    	
Managing Director
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
STEELE CREEK INVESTMENT   MANAGEMENT LLC, a Delaware limited liability company
    	
 
    	
MOELIS ASSET MANAGEMENT LP,

a Delaware limited   partnership
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
By:
    	
Moelis Steele Creek   Holdings LLC, its Sole Member
    	
 
    	
By:
    	
Moelis &   Company Holdings GP LLC,
    
	
 
    	
 
    	
 
    	
 
    	
its General Partner
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
By:
    	
/s/ Glenn Duffy
    	
 
    	
By:
    	
/s/ Christopher Ryan
    
	
Name:
    	
Glenn Duffy
    	
 
    	
Name:
    	
Christopher Ryan
    
	
Title:
    	
Chief Investment   Officer
    	
 
    	
Title:
    	
Managing Director
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
COLLEGIUM GLOBAL PARTNERS LLC
    	
 
    	
 
    	
 
    
	
a Delaware   limited liability company
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
By:   MOELIS ASSET MANAGEMENT LP,
    	
 
    	
 
    	
 
    
	
a   Delaware limited partnership
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
By:
    	
Moelis &   Company Holdings GP LLC,
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
its   General Partner
    	
 
    	
 
    	
 
    
							

 

 

	
By:
    	
/s/ Howard Eisen
    	
 
    	
 
    
	
Name:
    	
Howard Eisen
    	
 
    	
 
    
	
Title:
    	
President

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