Document:

Severance Agreement

 Exhibit 10 (c) 
 SEVERANCE AGREEMENT 
 THIS AGREEMENT is entered into as of February 26, 2007 by and between
Alberto-Culver Company, a Delaware corporation, and Ralph Nicoletti the “Executive”). 
 WHEREAS, the Executive currently serves as a key
employee of the Company (as defined in Section 1) and his services and knowledge are valuable to the Company in connection with the management of one or more of the Company’s principal operating facilities, divisions, departments or
subsidiaries; and 
 WHEREAS, the Board (as defined in Section 1) has determined that it is in the best interests of the Company and its stockholders to
secure the Executive’s continued services and to ensure the Executive’s continued dedication and objectivity in the event of any threat or occurrence of, or negotiation or other action that could lead to, or create the possibility of, a
Change in Control (as defined in Section 1) of the Company, without concern as to whether the Executive might be hindered or distracted by personal uncertainties and risks created by any such possible change in Control, and to encourage the
Executive’s full attention and dedication to the Company, the Board has authorized the Company to enter into this Agreement. 
 NOW, THEREFORE, for and
in consideration of the premises and the mutual covenants and agreements herein contained, the Company and the Executive hereby agree as follows: 
 1. Definitions. As used in this Agreement, the following terms shall have the respective meanings set forth below: 
 (a)
“Board” means the Board of Directors of the Company. 
 (b) “Cause” means (1) a material breach by the Executive of
those duties and responsibilities of the Executive which do not differ in any material respect from the duties and responsibilities of the Executive during the six-month period immediately prior to a Change in Control (other than as a result of
incapacity due to physical or mental illness) which is demonstrably willful and deliberate on the Executive’s part, which is committed in bad faith or without reasonable belief that such breach is in the best interests of the Company and which
is not remedied in a reasonable period of time after receipt of written notice from the Company specifying such breach or (2) the commission by the Executive of a felony involving moral turpitude. 
 (c) “Change in Control” means: 
 (1)
The occurrence of any one or more of the following events; 
 (A) The acquisition by any individual, entity or group (a “Person”),
including any “person” within the meaning of Section 13(d)(3) or 14(d)(2) of the securities 

 
Exchange Act of 1934, as amended (the “Exchange Act”), of beneficial ownership within the meaning of Rule 13d_3 promulgated under the Exchange Act
of both (x) 20% or more of the combined voting power of the then outstanding securities of the Company entitled to vote generally in the election of directors (the “Outstanding Company Voting Securities”) and (y) combined voting
power of Outstanding Company Voting securities in excess of the combined voting power of the Outstanding Company Voting Securities held by the Exempt Persons (as such term is defined in Section l(f)); provided, however, that a Change in
control shall not result from an acquisition of Company Voting securities: 
 (i) directly from the Company, except as otherwise provided in
Section l(c)(2)(A); 
 (ii) by the Company, except as otherwise provided in Section l(c)(2)(B); 
 (iii) by an Exempt Person; 
 (iv) by an
employee benefit plan (or related trust) sponsored or maintained by the Company or any corporation controlled by the Company; or 
 (v) by any
corporation pursuant to a reorganization, merger or consolidation involving the Company, if, immediately after such reorganization, merger or consolidation, each of the conditions described in clauses (i) and (ii) of
Section 1(c)(1)(C) shall be satisfied. 
 (B) The cessation for any reason of the members of the Incumbent Board (as such term is defined
in Section l(h)) to constitute at least a majority of the Board. 
 (C) Approval by the stockholders of the Company of a reorganization,
merger or consolidation unless, in any such case, immediately after such reorganization, merger or consolidation: 
 (i) more than 60% of the
combined voting power of the then outstanding securities of the corporation resulting from such reorganization, merger or consolidation entitled to vote generally in the election of directors is then beneficially owned, directly or indirectly, by
all or substantially all of the individuals or entities who were the beneficial owners of the combined voting power of all of the Outstanding Company Voting Securities immediately prior to such reorganization, merger or consolidation; and

 (ii) at least a majority of the members of the board of directors of the 

 
corporation resulting from such reorganization, merger or consolidation were members of the Incumbent Board at the time of the execution of the initial
agreement or action of the Board providing for such reorganization, merger or consolidation. 
 (D) Approval by the stockholders of the
Company of the sale or other disposition of all or substantially all of the assets of the Company other than (x) pursuant to a tax-free spin-off of a subsidiary or other business unit of the Company or (y) to a corporation with respect to
which, immediately after such sale or other disposition: 
 (i) more than 60% of the combined voting power of the then outstanding securities
thereof entitled to vote generally in the election of directors is then beneficially owned, directly or indirectly, by all or substantially all of the individuals and entities who were the beneficial owners of the combined voting power of all of the
Outstanding Company Voting Securities immediately prior to such sale or other disposition; and 
 (ii) at least a majority of the members of
the board of directors thereof were members of the Incumbent Board at the time of the execution of the initial agreement or action of the Board providing for such sale or other disposition. 
 (E) Approval by the stockholders of the Company of a plan of complete liquidation or dissolution of the Company. 
 (2) Notwithstanding the provisions of Section l(c)(1)(A): 
 (A) no acquisition of Company Voting Securities shall be subject to the exception from the definition of Change in Control contained in clause (i) of Section 1(c)(1)(A) if such acquisition results from the
exercise of an exercise, conversion or exchange privilege unless the security being so exercised, converted or exchanged was acquired directly from the Company; and 
 (B) for purposes of clause (ii) of Section 1(c)(1)(A), if any Person (other than the Company, an Exempt Person or any employee benefit plan (or related trust) sponsored or maintained by the Company or any
corporation controlled by the Company) shall, by reason of an acquisition of Company Voting Securities by the company, become the beneficial owner of (x) 20% or more of the combined voting power of the outstanding Company Voting Securities and
(y) combined voting power of Outstanding Company Voting Securities in excess of the combined voting power of the outstanding Company Voting Securities held by the Exempt Persons, and such Person shall, after such acquisition of Company Voting
Securities by the Company, become the beneficial owner of any additional outstanding Company Voting Securities and such beneficial ownership is publicly announced, such additional beneficial ownership shall constitute a Change in Control.

 (d) “Company” means Alberto-Culver Company, a Delaware corporation. 
 (e) “Date of Termination” means (1) the effective date on which the Executive’s employment by the Company terminates as specified in
a prior written notice by the Company or the Executive, as the case may be, to the other, delivered pursuant to Section 11 or (2) if the Executive’s employment by the Company terminates by reason of death, the date of death of the
Executive. 
 (f) “Exempt Person” (and collectively, the “Exempt Persons”) means: 
 (1) Leonard H. Lavin or Bernice E. Lavin; 
 (2) any descendant of Leonard H. Lavin and Bernice E. Lavin or the spouse of any such descendant; 
 (3) the estate of any of the
persons described in Section I(f)(1) or (2); 
 (4) any trust or similar arrangement for the benefit of any person described in Section
l(f)(1) or (2); or 
 (5) the Lavin Family Foundation or any other charitable organization established by any person described in Section
l(f)(1) or (2). 
 (g) “Good Reason” means, without the Executive’s express written consent, the occurrence of any of the
following events after a Change in Control: 
 (1) any of (i) the assignment to the Executive of any duties inconsistent in any material
respect with the Executive’s position(s), duties, responsibilities or status with the Company immediately prior to such Change in Control, (ii) a change in the Executive’s reporting responsibilities with the Company as in effect
immediately prior to such Change in Control or (iii) any removal or involuntary termination of the Executive from the Company otherwise than as expressly permitted by this Agreement; 
 (2) a reduction by the Company in the Executive’s rate of annual base salary as in effect immediately prior to such Change in control or as the same
may be increased from time to time thereafter; 
 (3) any requirement of the Company that the Executive be based anywhere other than at the
facility where the Executive is located at the time of the Change in Control; 
 (4) the failure of the Company to (i) continue in
effect any employee benefit plan or compensation plan in which the Executive is participating immediately prior to 

 
such Change in Control, unless the Executive is permitted to participate in other plans providing the Executive with substantially comparable benefits, or
the taking of any action by the Company which would adversely affect the Executive’s participation in or materially reduce the Executive’s benefits under any such plan, (ii) provide the Executive and the Executive’s dependents
welfare benefits in accordance with the most favorable plans, practices, programs and policies of the Company and its affiliated companies in effect for the Executive immediately prior to such Change in Control or as in effect generally at any time
thereafter with respect to other peer executives of the Company and its affiliated companies, (iii) provide fringe benefits in accordance with the most favorable plans, practices, programs and policies of the Company and its affiliated
companies in effect for the Executive immediately prior to such Change in Control or as in effect generally at any time thereafter with respect to other peer executives of the Company and its affiliated companies, (iv) provide the Executive
with paid vacation in accordance with the most favorable plans, policies, programs and practices of the Company and its affiliated companies as in effect for the Executive immediately prior to such Change in Control or as in effect generally at any
time thereafter with respect to other peer executives of the Company and its affiliated companies, or (v) reimburse the Executive promptly for all reasonable employment expenses incurred by the Executive in accordance with the most favorable
policies, practices and procedures of the Company and its affiliated companies in effect for the Executive immediately prior to such Change in Control or as in effect generally at any time thereafter with respect to other peer executives of the
Company and its affiliated companies; or 
 (5) the failure of the Company to obtain the assumption agreement from any successor as
contemplated in Section 10(b). 
 For purposes of this Agreement, any good faith determination of Good Reason made by the Executive
shall be conclusive; provided, however, that an isolated, insubstantial and inadvertent action taken in good faith and which is remedied by the Company promptly after receipt of notice thereof given by the Executive shall not
constitute Good Reason. 
 (h) “Incumbent Board” means those individuals who, as of October 24, 1996, constitute the Board,
provided that: 
 (1) any individual who becomes a director of the Company subsequent to such date whose election, or nomination for
election by the Company’s stockholders, was approved either by the vote of at least a majority of the directors then comprising the Incumbent Board or by the vote of at least a majority of the combined voting power of the Outstanding Company
Voting Securities held by the Exempt Persons shall be deemed to have been a member of the Incumbent Board; and 
 (2) no individual who was
initially elected as a director of the Company as a result of an actual or threatened election contest, as such terms are used in Rule l4a_11 of Regulation 14A promulgated under the Exchange Act, or any other actual or 

 
threatened solicitation of proxies or consents by or on behalf of any Person other than the Board or the Exempt Persons shall be deemed to have been a member
of the Incumbent Board. 
 (i) “Nonqualifying Termination” means a termination of the Executive’s employment (1) by the
Company for Cause, (2) by the Executive for any reason other than a Good Reason, (3) as a result of the Executive’s death or (4) by the Company due to the Executive’s absence from his duties with the Company on a full-time
basis for at least 180 consecutive days as a result of the Executive’s incapacity due to physical or mental illness. 
 (j)
“Termination Period” means the period of time beginning with a Change in Control and ending on the earlier to occur of (1) two years following such Change in Control or (2) the Executive’s death. 
 2. Obligations of the Executive. The Executive agrees that in the event of a Change in Control, he shall not voluntarily leave the employ of the
Company without Good Reason until 90 days following such Change in Control. The Executive further agrees that in the event that any person or group attempts a Change in Control, he shall not voluntarily leave the employ of the Company during such
attempted Change in Control unless an event occurs which would have constituted Good Reason had it occurred following a Change in Control (for purposes of determining whether such an event would have constituted Good Reason had it occurred following
a Change in Control, the definition of Good Reason shall be interpreted as if a Change in Control had occurred when such attempted Change in Control became known to the Board). The Executive acknowledges that if he leaves the employ of the Company
for any reason prior to a Change in Control, he shall not be entitled to any payment or benefit pursuant to this Agreement. 
 3. Payments
Upon Termination of Employment. 
 (a) If during the Termination Period the employment of the Executive shall terminate, other than by
reason of a Nonqualifying Termination, then the Company shall pay to the Executive (or the Executive’s beneficiary or estate) within 30 days following the Date of Termination, as compensation for services rendered to the Company: 
 (1) a cash amount equal to the sum of (i) the Executive’s base salary from the Company and its affiliated companies through the Date of
Termination, to the extent not theretofore paid, (ii) the Executive’s annual bonus in an amount determined in accordance with the terms of the Company’s Management Incentive Plan, (iii) the amount payable to the Executive in
accordance with the terms of the Company’s 1994 Shareholder Value Incentive Plan and (iv) any compensation previously deferred for the benefit of the Executive (together with any interest and earnings thereon) and any accrued vacation pay,
in each case to the extent not theretofore paid; plus 

 (2) a lump-sum cash amount which, when added to any other payments that must be taken into account for
purposes of any computation relating to the Executive under Section 280G(b)(2)(A)(ii)of the Internal Revenue Code of 1986, as amended (the “Code”), equals, in the aggregate, 1.99 times the executive’s “base
amount,” as such term is defined in Section 280G(b)(3) of the Code; provided, that any amount paid pursuant to this Section 3(a)(2) shall be paid in lieu of any other amount of severance relating to salary or bonus continuation
to be received by the Executive upon termination of employment of the Executive under any severance plan, policy or arrangement of the Company. 
 (b) In addition to the payments to be made pursuant to Section 3(a) hereof, any stock options granted to the Executive under the Company’s Employee Stock Option Plan of 1988 shall be treated in accordance with the terms of such
plan. 
 (c) For a period of 24 months commencing on the Date of Termination, the Company shall continue to keep in full force and
effect all policies of medical, accident, disability and life insurance with respect to the Executive and his dependents with the same level of coverage, upon the same terms and otherwise to the same extent as such policies shall have been in effect
immediately prior to the Date of Termination or as provided generally with respect to other peer executives of the Company and its affiliated companies, and the Company and the Executive shall share the costs of the continuation of such insurance
coverage in the same proportion as such costs were shared immediately prior to the Date of Termination. 
 (d) If during the Termination
Period the employment of the Executive shall terminate by reason of a Nonqualifying Termination, then the Company shall pay to the Executive within 30 days following the Date of Termination, a cash amount equal to the sum of (1) the
Executive’s full annual base salary from the Company through the Date of Termination, to the extent not theretofore paid and (2) any compensation previously deferred by the Executive (together with any interest and earnings thereon) and
any accrued vacation pay, in each case to the extent not theretofore paid. 
 4. Limitations on Payments by the Company. Solely for
the purposes of the computation of benefits under this Agreement and notwithstanding any other provisions hereof, payments to the Executive under this Agreement shall be reduced (but not below zero) so that the present value, as determined in
accordance with Section 28OG(d)(4) of the “Code”, of such payments plus any other payments that must be taken into account for purposes of any computation relating to the Executive under Section 28OG(b)(2)(A)(ii) of the Code,
shall not, in the aggregate, exceed 2.99 times the Executive’s “base amount,” as such term is defined in section 28OG(b)(3) of the Code. Notwithstanding any other provision hereof, no reduction in payments under the limitation
contained in the immediately preceding sentence shall be applied to payments hereunder which do not constitute “excess parachute payments” within the meaning of the Code. Any payments in excess of the limitation of this Section 4 or
otherwise determined to be “excess parachute payments” made to the Executive hereunder shall 

 
be deemed to be overpayments which shall constitute an amount owing from the Executive to the Company with interest from the date of receipt by the Executive
to the date of repayment (or offset) at the applicable federal rate under Section 1274(d) of the Code, compounded semiannually, which shall be payable to the Company upon demand; provided, however, that no repayment shall be required under this
sentence if in the written opinion of tax counsel satisfactory to the Executive and delivered to the Executive and the Company such repayment does not allow such overpayment to be excluded for federal income and excise tax purposes from the
Executive’s income for the year of receipt or afford the Executive a compensating federal income tax deduction for the year of repayment. 
 5. Withholding Taxes. The Company may withhold from all payments due to the Executive (or his beneficiary or estate) hereunder all taxes which, by applicable federal, state, local or other law, the Company is required to withhold
therefrom. 
 6. Reimbursement of Expenses. If any contest or dispute shall arise under this Agreement involving termination of the
Executive’s employment with the company or involving the failure or refusal of the Company to perform fully in accordance with the terms hereof, the Company shall reimburse the Executive, on a current basis, for all legal fees and expenses, if
any, incurred by the Executive in connection with such contest or dispute, together with interest in an amount equal to the prime rate from time to time in effect, as published under “Money Rates” in The Wall Street Journal, but in
no event higher than the maximum legal rate permissible under applicable law, such interest to accrue from the date the Company receives the Executive’s statement for such fees and expenses through the date of payment thereof; provided,
however, that in the event the resolution of any such contest or dispute includes a finding denying, in total, the Executive’s claims in such contest or dispute, the Executive shall be required to reimburse the Company, over a period of
12 months from the date of such resolution, for all sums advanced to the Executive pursuant to this Section 6. 
 7. Cooperative
Event. Notwithstanding any provision herein to the contrary, no amounts shall be payable hereunder unless and until there is a Change in Control at a time when the Executive is employed by the Company. 
 8. Termination of Agreement. (a) This Agreement shall be effective on the date hereof and shall continue until terminated by the Company as
provided in Section 8(b); provided, however, that this Agreement shall terminate in any event upon the first to occur of (i) termination of the Executive’s employment with the Company prior to a Change in Control or
(ii) the Executive’s death. 
 (b) The Company shall have the right prior to a Change in Control, in its sole discretion, pursuant
to action by the Board, to approve the termination of this Agreement, which termination shall not become effective until the date fixed by the Board for such termination, which date shall be at least 120 days after notice thereof is given by the
Company to the Executive in accordance with Section 11; provided, 

 
however, that no such action shall be taken by the Board during any period of time when the Board has knowledge that any person has taken steps
reasonably calculated to effect a Change in Control until, in the opinion of the Board, such person has abandoned or terminated its efforts to effect a Change in Control; and provided further, that in no event shall this Agreement be
terminated in the event of a Change in Control. 
 9. Scope of Agreement. Nothing in this Agreement shall be deemed to entitle the
Executive to continued employment with the Company or its subsidiaries, and if the Executive’s employment with the Company shall terminate prior to a Change in Control, then the Executive shall have no further rights under this Agreement;
provided, however, that any termination of the Executive’s employment following a Change in Control shall be subject to all of the provisions of this Agreement. 
 10. Successors: Binding Agreement. 
 (a) This Agreement shall not be terminated by any merger or consolidation of the Company whereby the Company is or is not the surviving or resulting corporation or as a result of any transfer of all or substantially all of the assets of the
company. In the event of any such merger, consolidation or transfer of assets, the provisions of this Agreement shall be binding upon the surviving or resulting corporation or the person or entity to which such assets are transferred. 
 (b) The Company agrees that concurrently with any merger, consolidation or transfer of assets referred to in Section 10(a), it will cause any
successor or transferee unconditionally to assume, by written instrument delivered to the Executive (or his beneficiary or estate), all of the obligations of the Company hereunder. Failure of the Company to obtain such assumption prior to the
effectiveness of any such merger, consolidation or transfer of assets shall be a breach of this Agreement and shall entitle the Executive to compensation and other benefits from the Company in the same amount and on the same terms as the Executive
would be entitled hereunder if the Executive’s employment were terminated following a Change in Control other than by reason of a Nonqualifying Termination. For purposes of implementing the foregoing payment of compensation and benefits to the
Executive, the date on which any such merger, consolidation or transfer becomes effective shall be deemed the Date of Termination. 
 (c)
This Agreement shall inure to the benefit of and be enforceable by the Executive’s personal or legal representatives, executors, administrators, successors, heirs, distributees, devisees and legatees. If the Executive shall die while any
amounts would be payable to the Executive hereunder had the Executive continued to live, all such amounts, unless otherwise provided herein, shall be paid in accordance with the terms of this Agreement to such person or persons appointed in writing
by the Executive to receive such amounts or, if no person is so appointed, to the Executive’s estate. 
 11. Notice. (a) For
purposes of this Agreement, all notices and other 

 
communications required or permitted hereunder shall be in writing and shall be deemed to have been duly given when delivered or five days after deposit in
the United States mail, certified and return receipt requested, postage prepaid, addressed (1) if to the Executive, to his most recent address as it appears in the records of the Company, and if to the Company, to Alberto-Culver Company, 2525
Armitage Avenue, Melrose Park, Illinois 60160, attention of the President, with a copy to the General Counsel or (2) to such other address as either party may have furnished to the other in writing in accordance herewith, except that notices of
change of address shall be effective only upon receipt. 
 (b) A written notice of the Executive’s Date of Termination by the Company or
the Executive, as the case may be, to the other, shall (i) indicate the specific termination provision in this Agreement relied upon, (ii) to the extent applicable, set forth in reasonable detail the facts and circumstances claimed to
provide a basis for termination of the Executive’s employment under the provision so indicated and (iii) specify the termination date (which date shall be not less than 15 days after the giving of such notice). The failure by the Executive
or the company to set forth in such notice any fact or circumstance which contributes to a showing of Good Reason or Cause shall not waive any right of the Executive or the Company hereunder or preclude the Executive or the Company from asserting
such fact or circumstance in enforcing the Executive’s or the Company’s rights hereunder. 
 12. Full Settlement: Resolution of
Dispute. (a) The Company’s obligation to make any payments provided for in this Agreement and otherwise to perform its obligations hereunder shall not be affected by any setoff, counterclaim, recoupment, defense or other claim, right
or action which the Company may have against the Executive or others. In no event shall the Executive be obligated to seek other employment or take any other action by way of mitigation of the amounts payable to the Executive under any of the
provisions of this Agreement and, such amounts shall not be reduced whether or not the Executive obtains other employment. 
 (b) If there
shall be any dispute between the Company and the Executive in the event of any termination of the Executive’s employment, then, unless and until there is a final, nonappealable judgment by a court of competent jurisdiction declaring that such
termination was for Cause, that the determination by the Executive of the existence of Good Reason was not made in good faith, or that the Company is not otherwise obligated to pay any amount or provide any benefit to the Executive and his
dependents or other beneficiaries, as the case may be, under Sections 3(a) and 3(b), the Company shall pay all amounts, and provide all benefits, to the Executive and his dependents or other beneficiaries, as the case may be, that the Company would
be required to pay or provide pursuant to Sections 3(a) and 3(b) as though such termination were by the Company without Cause or by the Executive with Good Reason; provided, however, that the Company shall not be required to pay any
disputed amounts pursuant to this Section 12(b) except upon receipt of an undertaking by or on behalf of the Executive to repay all such amounts to which the Executive is ultimately 

 
adjudged by such court not to be entitled. 
 13.
Employment with Subsidiaries. Employment with the Company for purposes of this Agreement shall include employment with any corporation or other entity in which the Company has a direct or indirect ownership interest of 50% or more of the
total combined voting power of the then outstanding securities of such corporation or other entity entitled to vote generally in the election of directors. 
 14. Governing Law Validity. The interpretation, construction and performance of this Agreement shall be governed by and construed and enforced in accordance with the internal laws of the State of Illinois
without regard to the principle of conflicts of laws. The invalidity or unenforceability of any provision of this Agreement shall not affect the validity or enforceability of any other provision of this Agreement, which other provisions shall remain
in full force and effect. 
 15. Counterparts. This Agreement may be executed in two counterparts, each of which shall be deemed to be
an original and all of which together shall constitute one and the same instrument. 
 16. Miscellaneous. No provision of this
Agreement may be modified or waived unless such modification or waiver is agreed to in writing and signed by the Executive and by a duly authorized officer of the Company. No waiver by either party hereto at any time of any breach by the other party
hereto of, or compliance with, any condition or provision of this Agreement to be performed by such other party shall be deemed a waiver of similar or dissimilar provisions or conditions at the same or at any prior or subsequent time. Failure by the
Executive or the Company to insist upon strict compliance with any provision of this Agreement or to assert any right the Executive or the Company may have hereunder, including, without limitation, the right of the Executive to terminate employment
for Good Reason, shall not be deemed to be a waiver of such provision or right or any other provision or right of this Agreement. The rights of, and benefits payable to, the Executive, his estate or his beneficiaries pursuant to this Agreement are
in addition to any rights of, or benefits payable to, the Executive, his estate or his beneficiaries under any other employee benefit plan or compensation program of the Company. 
 IN WITNESS WHEREOF, the Company has caused this Agreement to be executed by a duly authorized officer of the Company and the Executive has executed this
Agreement as of the day and year first above written. 

			
	ALBERTO-CULVER COMPANY
		
	By:	 	 /s/ V. James Marino

		 	President and Chief Executive Officer
	
	EXECUTIVE:
		
	By:	 	 /s/ Ralph J. Nicoletti

		 	Ralph NicolettiAmendment No. 1 to Credit Agreement dated April 5, 2007

 Exhibit 10.14 
 EXECUTION COPY 
 AMENDMENT No. 1 (this “Amendment”) dated as of April 5,
2007, to the Credit Agreement dated as of November 23, 2005 (the “Credit Agreement”), among TEAM HEALTH HOLDINGS, L.L.C., a Delaware limited liability company (“Holdings”), TEAM FINANCE LLC, a Delaware limited
liability company (the “Borrower”), the LENDERS from time to time party thereto and JPMORGAN CHASE BANK, N.A., as Administrative Agent, Swing Line Lender and L/C Issuer. 
 A. Pursuant to the Credit Agreement, the Lenders have extended credit, and have agreed to extend additional credit, to the Borrower, in each case
pursuant to the terms and subject to the conditions set forth therein. 
 B. Holdings and the Borrower have requested that the Credit
Agreement be amended as set forth herein to modify the interest rate spreads applicable to the Term Loans as set forth in the definition of the term “Applicable Rate” in Section 1.01 of the Credit Agreement. 
 C. The undersigned Lenders are willing so to amend the definition of the term “Applicable Rate” pursuant to the terms and subject to the
conditions set forth herein. 
 D. Capitalized terms used but not defined herein have the meanings assigned to them in the Credit Agreement,
as amended hereby. 
 Accordingly, in consideration of the mutual agreements herein contained and other good and valuable consideration, the
sufficiency and receipt of which are hereby acknowledged, and subject to the conditions set forth herein, the parties hereto hereby agree as follows: 
 SECTION 1. Amendment of the Credit Agreement. The Credit Agreement is hereby amended as follows: 
 (a) The following new definition is hereby added to Section 1.01 of the Credit Agreement: 
 “Amendment Effective Date” means April 5, 2007. 
 (b) The definition of the term “Applicable
Rate” in Section 1.01 of the Credit Agreement is hereby revised by replacing paragraph (a) thereof in its entirety with the following: 
 “(a) with respect to Term Loans, (i) 2.00% for Eurocurrency Rate Loans and (ii) 1.00% for Base Rate Loans; provided, however, that if the corporate family rating of the Borrower by
Moody’s is B2 (with a review for possible downgrade) or lower or the corporate credit rating of the Borrower by S&P is B (with a credit watch with negative implications) or lower, then the Applicable 

 
Rate shall be (x) 2.25% for Eurocurrency Rate Loans and (y) 1.25% for Base Rate Loans. A change in the “outlook” of the Borrower by
either Moody’s or S&P shall have no effect on the Applicable Rate.” 
 (c) Section 2.05(c) is hereby
amended by replacing such Section in its entirety with the following: 
 “All prepayments of the Term Loans effected
after the Amendment Effective Date and on or prior to the first anniversary of the Amendment Effective Date with the proceeds of a substantially concurrent issuance or incurrence of new loans under any secured facilities pursuant to this Agreement
or otherwise which new loans are incurred for the primary purpose of decreasing the Applicable Rate with respect to such Term Loans shall be accompanied by a prepayment fee equal to 1.00% of the aggregate amount of such prepayments.”

 (d) Section 3.07(e) of the Credit Agreement is hereby amended by replacing such Section in its entirety with the
following: 
 “If any Non-Consenting Lender is required to assign any Term Loans pursuant to this Section 3.07 in
connection with such Non-Consenting Lender’s failure to approve any amendment to this Agreement the primary purpose of which is to decrease the Applicable Rate with respect to such Term Loans and such assignment will become effective after the
Amendment Effective Date and on or prior to the first anniversary of the Amendment Effective Date, then the Borrower agrees to pay such Non-Consenting Lender a fee in an amount equal to 1.00% of such Term Loans outstanding on the effective date of
such assignment. Notwithstanding anything to the contrary contained in Section 10.01, this paragraph shall not be waived, amended or modified without the written consent of each Lender adversely affected thereby.” 
 SECTION 2. Representations and Warranties. Each of Holdings and the Borrower represents and warrants to the Lenders that, as of the date hereof:

 (a) This Amendment has been duly authorized, executed and delivered by each of Holdings and the Borrower and constitutes a legal, valid and
binding obligation of Holdings and the Borrower, enforceable in accordance with its terms, subject to applicable bankruptcy, insolvency, reorganization, moratorium or other laws affecting creditors’ rights generally and subject to general
principles of equity, regardless of whether considered in a proceeding in equity or at law and an implied covenant of good faith and fair dealing. 
 (b) The representations and warranties of each Loan Party set forth in the Loan Documents are true and correct in all material respects on and as of the date hereof (unless stated to relate to a specific earlier date, in which case such
representation and warranty is true and correct in all material respects as of such earlier date). 
 (c) No Default has occurred and is
continuing. 
  

 2 

 SECTION 3. Effectiveness; Counterparts; Amendments. This Amendment shall become effective as of
the Amendment Effective Date when the Administrative Agent shall have received (a) all fees and other amounts due and payable on or prior to the date hereof, including, to the extent invoiced, reimbursement or payment of all reasonable
out-of-pocket expenses (including reasonable fees, charges and disbursements of counsel) required to be reimbursed or paid by any Loan Party hereunder or under any Loan Document and (b) copies hereof that, when taken together, bear the
signatures of Holdings, the Borrower, the Administrative Agent and either (i) all the Term Lenders or (ii)(x) Lenders holding more than 50% of the Term Loans and (y) executed Assignment and Assumptions pursuant to which all Non-Consenting
Lenders shall assign their Loans pursuant to Section 3.07 of the Credit Agreement. This Amendment may not be amended nor may any provision hereof be waived except pursuant to a writing signed by Holdings, the Borrower, the Administrative Agent
and the requisite Lenders under Section 10.01 of the Credit Agreement (after giving effect to this Amendment). This Amendment may be executed in two or more counterparts, each of which shall constitute an original but all of which when taken
together shall constitute a single contract. Delivery of an executed counterpart of a signature page of this Amendment by telecopy shall be effective as delivery of a manually executed counterpart of this Agreement. 
 SECTION 4. Credit Agreement. Except as expressly set forth herein, this Amendment (a) shall not by implication or otherwise limit, impair,
constitute a waiver of or otherwise affect the rights and remedies of the Lenders, the Administrative Agent, Holdings or the Borrower under the Credit Agreement or any other Loan Document and (b) shall not alter, modify, amend or in any way
affect any of the terms, conditions, obligations, covenants or agreements contained in the Credit Agreement or any other Loan Document, all of which are ratified and affirmed in all respects and shall continue in full force and effect. Nothing
herein shall be deemed to entitle Holdings or the Borrower to a consent to, or a waiver, amendment, modification or other change of, any of the terms, conditions, obligations, covenants or agreements contained in the Credit Agreement or any other
Loan Document in similar or different circumstances. After the date hereof, any reference in the Loan Documents to the Credit Agreement shall mean the Credit Agreement as modified hereby. 
 SECTION 5. Notices. All notices hereunder shall be given in accordance with the provisions of Section 10.02 of the Credit Agreement.

 SECTION 6. Applicable Law; Waiver of Jury Trial. (A) THIS AGREEMENT SHALL BE CONSTRUED IN ACCORDANCE WITH AND GOVERNED BY THE
LAWS OF THE STATE OF NEW YORK. 
 (B) EACH PARTY HERETO HEREBY AGREES AS SET FORTH IN SECTION 10.17 OF THE CREDIT AGREEMENT AS IF SUCH
SECTION WERE SET FORTH IN FULL HEREIN. 
  

 3 

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

					
	 TEAM HEALTH HOLDINGS, L.L.C.
 a Delaware limited liability company,
	 	
			
	 by
	 	 /s/ David P. Jones
	 	
	 Name:
	 	David P. Jones	 	
	 Title:
	 	CFO	 	
		
	 TEAM FINANCE LLC,
 a Delaware limited liability company,
	 	
			
	 by
	 	 /s/ David P. Jones
	 	
	 Name:
	 	David P. Jones	 	
	 Title:
	 	CFO	 	

					
	 JPMORGAN CHASE BANK, N.A.,
 individually and as Administrative Agent,
	 	
			
	 by
	 	 /s/ Barbara R. Marks
	 	
	 Name:
	 	Barbara R. Marks	 	
	 Title:
	 	Vice President	 	

 SIGNATURE PAGE TO 
 AMENDMENT NO. 1 TO THE 
 TEAM FINANCE LLC CREDIT AGREEMENT 
  

					
	Name of Term Lender:
	
	    Atlas Loan Funding I, LLC
		 	By: Atlas Capital Funding, Ltd.
		 	By: Structured Asset Investors, LLC
		 	Its Investment Manager
			
		 	by	 	 /s/ Diana M. Himes

		 	Name:	 	Diana M. Himes
		 	Title:	 	Vice President
	
	Name of Term Lender:
	
	    HARBOUR TOWN FUNDING LLC
			
		 	by	 	 /s/ Anna M. Tallent

		 	Name:	 	Anna M. Tallent
		 	Title:	 	Assistant Vice President
	
	Name of Term Lender:
	
	    GULF STREAM-COMPASS CLO 2003-I LTD
	     By: Gulf Stream Asset Management LLC
     As Collateral Manager

	
	    GULF STREAM-COMPASS CLO 2004-I LTD
	     By: Gulf Stream Asset Management LLC
     As Collateral Manager

	
	    GULF STREAM-COMPASS CLO 2005-II LTD
	     By: Gulf Stream Asset Management LLC
     As Collateral Manager

	
	    GULF STREAM-RASHINBAN CLO 2006-I LTD
	      By: Gulf Stream Asset Management LLC
     As Collateral Manager

	
	    GULF STREAM-SEXTANT CLO 2006-I LTD
	     By: Gulf Stream Asset Management LLC
     As Collateral Manager

			
		 	by	 	 /s/ Barry K. Love

		 	Name:	 	Barry K. Love
		 	Title:	 	Chief Credit Officer
	
	     GSCP (NJ), L.P., on behalf of each of the following funds, in its capacity as Collateral
Manager:

	
	    GSC PARTNERS CDO FUND VI, LIMITED
	    GSC PARTNERS CDO FUND VII, LIMITED
	    GSC CAPITAL CORP. LOAN FUNDING 2005-1
			
		 	By:	 	 /s/ Seth Katzenstein

		 	Name:	 	Seth Katzenstein
		 	Title:	 	Authorized Signatory
		 		 	GSC Group
	
	 Name of Term Lender:

	
	    GoldenTree Loan Opportunities I, Ltd.
	    By: GoldenTree Asset Management, LP
			
		 	by	 	 /s/ Karen Weber

		 	Name:	 	Karen Weber
		 	Title:	 	Director – Bank Debt

 SIGNATURE PAGE TO 
 AMENDMENT NO. 1 TO THE 
 TEAM FINANCE LLC CREDIT AGREEMENT 
  

					
	 Name of Term Lender:

	
	     General Electric Capital Corp.,
     As Administrator for GECFS Loan Holding LLC

			
		 	by	 	 /s/ David R. Campbell

		 	Name:	 	David R. Campbell
		 	Title:	 	Authorized Signatory
	
	 Name of Term Lender:

	
	     General Electric
     Capital Corporation

			
		 	by:	 	 /s/ Peter B. Zone

		 	Name:	 	Peter B. Zone
		 	Title:	 	Its Duly Authorized Signatory
	
	 Name of Term Lender:

	
	     Grand Central Asset Trust,
     PFV Series

			
		 	by	 	 /s/ Jason Muelver

		 	Name:	 	Jason Muelver
		 	Title:	 	Attorney-in-fact
	
	 Name of Term Lender:

	
	    Franklin CLO II, Limited
			
		 	by	 	 /s/ DAVID ARDINI

		 	Name:	 	DAVID ARDINI
		 	Title:	 	VICE PRESIDENT

 SIGNATURE PAGE TO 
 AMENDMENT NO. 1 TO THE 
 TEAM FINANCE LLC CREDIT AGREEMENT 
  

					
	Name of Term Lender:
	
	    Franklin CLO V, LTD
			
		 	by	 	 /s/ DAVID ARDINI

		 	Name:	 	DAVID ARDINI
		 	Title:	 	VICE PRESIDENT
	
	Name of Term Lender:
	
	    Franklin CLO IV, Limited
			
		 	by	 	 /s/ DAVID ARDINI

		 	Name:	 	DAVID ARDINI
		 	Title:	 	VICE PRESIDENT
	
	Name of Term Lender:
	
	    Fifth Third Bank, N.f
			
		 	by	 	 /s/ Sandy ILLEGIBLE

		 	Name:	 	Sandy ILLEGIBLE
		 	Title:	 	VP
	
	Name of Term Lender:
	
	     Ballyrock CLO II Limited
     BALLYROCK Investment Advisors LLC,
     as Collateral Manager

			
		 	by	 	 /s/ Lisa Rymut

		 	Name:	 	Lisa Rymut
		 	Title:	 	Assistant Treasurer
	
	Name of Term Lender:
	
	     Ballyrock CLO III Limited
     BALLYROCK Investment Advisors LLC,
     as Collateral Manager

			
		 	by	 	 /s/ Lisa Rymut

		 	Name:	 	Lisa Rymut
		 	Title:	 	Assistant Treasurer

 SIGNATURE PAGE TO 
 AMENDMENT NO. 1 TO THE 
 TEAM FINANCE LLC CREDIT AGREEMENT 
  

					
	 Name of Term Lender:

	
	     Ballyrock CLO 2006-1 LTD
     BALLYROCK Investment Advisors LLC,
     as Collateral
Manager

			
		 	by	 	 /s/ Lisa Rymut

		 	Name:	 	Lisa Rymut
		 	Title:	 	Assistant Treasurer
	
	 Name of Term Lender:

	
	     Fidelity Central Investment
     Portfolios LLC; Fidelity Floating
     Rate Central Investment Portfolio

			
		 	by	 	 /s/ John Costello

		 	Name:	 	John Costello
		 	Title:	 	Assistant Treasurer
			
		 	by	 	 /s/ Lisa Rymut

		 	Name:	 	Lisa Rymut
		 	Title:	 	Assistant Treasurer
	
	Name of Term Lender:
	
	     Fidelity Advisor Series II:
     Fidelity Advisor Floating Rate High Income Fund

			
		 	by	 	 /s/ John Costello

		 	Name:	 	John Costello
		 	Title:	 	Assistant Treasurer
			
		 	by	 	 /s/ Lisa Rymut

		 	Name:	 	Lisa Rymut
		 	Title:	 	Assistant Treasurer
	
	 Name of Term Lender:

	
	    Fenway Capital, LLC
			
		 	by	 	 /s/ Vidrik Frankfather

		 	Name:	 	Vidrik Frankfather
		 	Title:	 	Authorized Signor
	
	 Name of Term Lender:

	
	     Duane Street CLO II, Ltd.
     By: DiMalo Ahmad Capital LLC,
     as Collateral Manager

			
		 	by	 	 ILLEGIBLE

		 	Name:	 	
		 	Title:	 	

 SIGNATURE PAGE TO 
 AMENDMENT NO. 1 TO THE 
 TEAM FINANCE LLC CREDIT AGREEMENT 
  

					
	Name of Term Lender:
	
	     Duane Street CLO 1, Ltd.
     By: DiMalo Ahmad Capital LLC,
     as Collateral Manager

			
		 	by	 	 ILLEGIBLE

		 	Name:	 	
		 	Title:	 	
	
	Name of Term Lender:
	
	     Duane Street CLO II, Ltd.
     By: DiMalo Ahmad Capital LLC,
     as Collateral Manager

			
		 	by	 	 ILLEGIBLE

		 	Name:	 	
		 	Title:	 	
	
	Name of Term Lender:
	
	     Duane Street CLO 1, Ltd.
     By: DiMalo Ahmad Capital LLC,
     as Collateral Manager

			
		 	by	 	 ILLEGIBLE

		 	Name:	 	
		 	Title:	 	
	
	     Hewett’s Island CLO II, Ltd.
     By: CypressTree Investment Management Company, Inc.,
     as Portfolio Manager

			
		 	by	 	 /s/ Preston I. Carnes

		 	Name:	 	Preston I. Carnes
		 	Title:	 	Managing Director
	
	     Hewett’s Island CLO IV, Ltd.
     By: CypressTree Investment Management Company, Inc.,
     as Portfolio Manager

			
		 	by	 	 /s/ Robert Weeden

		 	Name:	 	Robert Weeden
		 	Title:	 	Managing Director

 SIGNATURE PAGE TO 
 AMENDMENT NO. 1 TO THE 
 TEAM FINANCE LLC CREDIT AGREEMENT 
  

					
	Name of Term Lender:
	
	    CYPRESSTREE CLAIF FUNDING LLC
			
		 	by	 	 /s/ Anna M. Tallent

		 	Name:	 	Anna M. Tallent
		 	Title:	 	Assistant Vice President
	
	Name of Term Lender:
	
	    CSAM Funding I
			
		 	by	 	 /s/ David H. Lerner

		 	Name:	 	David H. Lerner
		 	Title:	 	Authorized Signatory
	
	Name of Term Lender:
	
	    CSAM Funding III
			
		 	by	 	 /s/ David H. Lerner

		 	Name:	 	David H. Lerner
		 	Title:	 	Authorized Signatory
	
	Name of Term Lender:
	
	    Atrium IV
			
		 	by	 	 /s/ David H. Lerner

		 	Name:	 	David H. Lerner
		 	Title:	 	Authorized Signatory
	
	Name of Term Lender:
	
	    Atrium III
			
		 	by	 	 /s/ David H. Lerner

		 	Name:	 	David H. Lerner
		 	Title:	 	Authorized Signatory

 SIGNATURE PAGE TO 
 AMENDMENT NO. 1 TO THE 
 TEAM FINANCE LLC CREDIT AGREEMENT 
  

					
	Name of Term Lender:
	
	    Atrium II
			
		 	by	 	 /s/ David H. Lerner

		 	Name:	 	David H. Lerner
		 	Title:	 	Authorized Signatory
	
	Name of Term Lender:
	
	    CSAM Funding IV
			
		 	by	 	 /s/ David H. Lerner

		 	Name:	 	David H. Lerner
		 	Title:	 	Authorized Signatory
	
	Name of Term Lender:
	
	    Madison Park Funding
			
		 	by	 	 /s/ David H. Lerner

		 	Name:	 	David H. Lerner
		 	Title:	 	Authorized Signatory
	
	Name of Term Lender:
	
	    Madison Park Funding II
			
		 	by	 	 /s/ David H. Lerner

		 	Name:	 	David H. Lerner
		 	Title:	 	Authorized Signatory
	
	Name of Term Lender:
	
	    Castle Garden
			
		 	by	 	 /s/ David H. Lerner

		 	Name:	 	David H. Lerner
		 	Title:	 	Authorized Signatory

 SIGNATURE PAGE TO 
 AMENDMENT NO. 1 TO THE 
 TEAM FINANCE LLC CREDIT AGREEMENT 
  

					
	Name of Term Lender:
	
	    Citadel Hill 2000 Ltd
			
		 	by	 	 /s/ Ken Irvine

		 	Name:	 	Ken Irvine
		 	Title:	 	Authorized Signatory
	
	Name of Term Lender:
	
	    CIT Lending Services Corp
			
		 	by	 	 /s/ Dennis Zinkand

		 	Name:	 	Dennis Zinkand
		 	Title:	 	Director
	
	Name of Term Lender:
		
		 	 By: Callidus Debt Partners CLO Fund IV Ltd.
 By: Its Collateral Manager,
 Callidus Capital Management, LLC.

			
		 	by	 	 /s/ Peter R. Bennitt

		 	Name:	 	Peter R. Bennitt
		 	Title:	 	Principal
	
	Name of Term Lender:
		
		 	 By: Callidus Debt Partners CLO Fund V, Ltd.
 By: Its Collateral Manager
 Callidus Capital Management, LLC

			
		 	by	 	 /s/ Peter R. Bennitt

		 	Name:	 	Peter R. Bennitt
		 	Title:	 	Principal
	
	Name of Term Lender:
		
		 	 By: Callidus Debt Partners CLO Fund VI, Ltd.
 By: Its Collateral Manager
 Callidus Capital Management, LLC

			
		 	by	 	 /s/ Peter R. Bennitt

		 	Name:	 	Peter R. Bennitt
		 	Title:	 	 Principal

 SIGNATURE PAGE TO 
 AMENDMENT NO. 1 TO THE 
 TEAM FINANCE LLC CREDIT AGREEMENT 
  

					
	Name of Term Lender:
	
	    Bear Stearns Investment Products Inc.
			
		 	by	 	 /s/ John McDermott

		 	Name:	 	John McDermott
		 	Title:	 	Vice President
	
	Name of Term Lender:
	
	    Ballantyne Funding LLC
			
		 	by	 	 /s/ Anna M. Tallent

		 	Name:	 	Anna M. Tallent
		 	Title:	 	Assistant Vice President
	
	Babson CLO Ltd. 2003-I
	Babson CLO Ltd. 2004-I
	Babson CLO Ltd. 2004-II
	Babson CLO Ltd. 2005-III
	Babson CLO Ltd. 2006-I
	Babson CLO Ltd. 2006-II
	Babson CLO Ltd. 2007-I
	Sapphire Valley CDO I, Ltd.
		
	By:	 	Babson Capital Management LLC as Collateral Manager
		
	By:	 	 /s/ Anthony J. Sciacca

		 	Managing Director
	
	Massachusetts Mutual Life Insurance Company
	By: Babson Capital Management LLC as Investment Adviser
		
	By:	 	 /s/ Anthony J. Sciacca

		 	Managing Director
	
	Jefferies Finance LLC
		
	By:	 	 /s/ Charlie J. Franklin

		 	Closing Manager
	
	Babson CLO Ltd. 2003-I
	Babson CLO Ltd. 2004-I
	Babson CLO Ltd. 2005-I
	Babson CLO Ltd. 2005-II
	Babson CLO Ltd. 2005-III
	Babson CLO Ltd. 2006-II
	Babson CLO Ltd. 2007-I
	Sapphire Valley CDO I, Ltd.
	
	By: Babson Capital Management LLC as Collateral Manager
		
	 By:
	 	 ILLEGIBLE

	
	Massachusetts Mutual Life Insurance Company
	By: Babson Capital Management LLC as Investment Adviser
			
		 	By:	 	 ILLEGIBLE

	
	Name of Term Lender:
		
		 	 Apidos Quattro
 By: Apidos Capital
Management, LLC as
 Collateral Manager

			
		 	by	 	 ILLEGIBLE

		 	Name:	 	
		 	Title:	 	

 SIGNATURE PAGE TO 
 AMENDMENT NO. 1 TO THE 
 TEAM FINANCE LLC CREDIT AGREEMENT 
  

					
	Name of Term Lender:
	
	     Apidos CDO V
     By: Its Investment Advisor Apidos Capital     Management, LLC

			
		 	by	 	 ILLEGIBLE

		 	Name:	 	
		 	Title:	 	
	
	Name of Term Lender:
	
	     Apidos CDO 1V
     By: Its Investment Advisor Apidos Capital     Management, LLC

			
		 	by	 	 ILLEGIBLE

		 	Name:	 	
		 	Title:	 	
	
	Name of Term Lender:
	
	     Apidos CDO III
     By: Its Investment Advisor Apidos Capital     Management, LLC

			
		 	by	 	 ILLEGIBLE

		 	Name:	 	
		 	Title:	 	
	
	Name of Term Lender:
	
	     Apidos CDO I
     By: Its Investment Advisor Apidos Capital     Management, LLC

			
		 	by	 	 ILLEGIBLE

		 	Name:	 	
		 	Title:	 	
	
	Name of Term Lender:
	
	     Apidos CDO II
     By: Its Investment Advisor Apidos Capital     Management, LLC

			
		 	by	 	 ILLEGIBLE

		 	Name:	 	
		 	Title:	 	

 SIGNATURE PAGE TO 
 AMENDMENT NO. 1 TO THE 
 TEAM FINANCE LLC CREDIT AGREEMENT 
  

					
	Name of Term Lender:
	
	     Apidos Cinco
     By: Its Investment Manager Apidos
     Capital Management, LLC

			
		 	by	 	 /s/ JOHN W. STELWAGON

		 	Name:	 	JOHN W. STELWAGON
		 	Title:	 	Managing Director
	
	Name of Term Lender:
	
	    ILLEGIBLE CLO 2006-1 Ltd
			
		 	by	 	 /s/ Alex Tuff

		 	Name:	 	Alex Tuff
		 	Title:	 	Head of Bankers
	
	Name of Term Lender:
	
	     Galaxy CLO 2003-1, Ltd.
     By: AIG Global Investment Corp.,
     Its Collateral Manager

			
		 	by	 	 /s/ Chang W. Chung

		 	Name:	 	Chang W. Chung
		 	Title:	 	Vice President
	
	Name of Term Lender:
	
	     Galaxy III CLO, Ltd.
     By: AIG Global Investment Corp.,
     Its Collateral Manager

			
		 	by	 	 /s/ Chang W. Chung

		 	Name:	 	Chang W. Chung
		 	Title:	 	Vice President
	
	Name of Term Lender:
	
	     Galaxy V CLO, Ltd.
     By: AIG Global Investment Corp.,
     Its Collateral Manager

			
		 	by	 	 /s/ Chang W. Chung

		 	Name:	 	Chang W. Chung
		 	Title:	 	Vice President

 SIGNATURE PAGE TO 
 AMENDMENT NO. 1 TO THE 
 TEAM FINANCE LLC CREDIT AGREEMENT 
  

					
	 Name of Term Lender:

	
	     Galaxy VII CLO, Ltd.
     By: AIG Global Investment Corp.
     As Collateral Manager

			
		 	by	 	 /s/ Chang W. Chung

		 	Name:	 	Chang W. Chung
		 	Title:	 	Vice President
	
	 Name of Term Lender:

	
	     SunAmerica Senior Floating Rate Fund, Inc.
     By: AIG Global Investment Corp.,
     Investment Sub-Adviser

			
		 	by	 	 /s/ Chang W. Chung

		 	Name:	 	Chang W. Chung
		 	Title:	 	Vice President
	
	 Name of Term Lender:

	
	     Saturn CLO, Ltd.
     by AIG Global Investment Corp.
     its Collateral Manager

			
		 	by	 	 /s/ Chang W. Chung

		 	Name:	 	Chang W. Chung
		 	Title:	 	Vice President
	
	 Name of Term Lender:

	
	    ACA CLO 2006 - 1 Limited
			
		 	by	 	 /s/ Vincent Ingato

		 	Name:	 	Vincent Ingato
		 	Title:	 	Managing Director
	
	Name of Term Lender:
	
	    ACA CLO 2006 - 2 Limited
			
		 	by	 	 /s/ Vincent Ingato

		 	Name:	 	Vincent Ingato
		 	Title:	 	Managing Director

 SIGNATURE PAGE TO 
 AMENDMENT NO. 1 TO THE 
 TEAM FINANCE LLC CREDIT AGREEMENT 
  

					
		 	 ARCHIMEDES FUNDING IV (CAYMAN), LTD.

			
		 	 By:
	 	 West Gate Horizons Advisors LLC,
 as Collateral
Manager

			
		 	 By:
	 	 /s/ Helen Rhee

		 	 Name:
	 	Helen Rhee
		 	 Title:
	 	Senior Credit Analyst
		
		 	 ENDURANCE CLO I, LTD.

		
		 	 c/o: West Gate Horizons Advisors LLC,
 as Collateral Manager

			
		 	 By:
	 	 /s/ Helen Rhee

		 	 Name:
	 	Helen Rhee
		 	 Title:
	 	Senior Credit Analyst
		
		 	 WG HORIZONS CLO I

			
		 	 By:
	 	 West Gate Horizons Advisors LLC,
 as
Manager

			
		 	 By:
	 	 /s/ Helen Rhee

		 	 Name:
	 	Helen Rhee
		 	 Title:
	 	Senior Credit Analyst
	
	 Name of Term Lender:

	
	     Venture VI CDO Limited
     By its investment advisor,
     MJX Asset Management LLC

			
		 	 by
	 	 /s/ Kenneth Ostmann

		 	Name:	 	Kenneth Ostmann
		 	Title:	 	Director
	
	 Name of Term Lender:

	
	     Venture V CDO Limited
     By its investment advisor,
     MJX Asset Management LLC

			
		 	 by
	 	 /s/ Kenneth Ostmann

		 	Name:	 	Kenneth Ostmann
		 	Title:	 	Director
	
	 Name of Term Lender:

	
	     Trimaran CLO IV Ltd
     By Trimaran Advisors, L.L.C

			
		 	 by
	 	 /s/ David M. Millison

		 	Name:	 	David M. Millison
		 	Title:	 	Managing Director
	
	 Name of Term Lender:

	
	     Trimaran CLO V Ltd
     By Trimaran Advisors, L.L.C

			
		 	 by
	 	 /s/ David M. Millison

		 	Name:	 	David M. Millison
		 	Title:	 	Managing Director

 SIGNATURE PAGE TO 
 AMENDMENT NO. 1 TO THE 
 TEAM FINANCE LLC CREDIT AGREEMENT 
  

					
	    Name of Term Lender:
	
	    Sky CBNA Loan ILLEGIBLE
			
		 	by	  	 /s/ David ILLEGIBLE

		 	Name:	  	David ILLEGIBLE
		 	Title:	  	Attorney-in-Fact
		
		 	Name of Term Lender:
	
	     Silverado CLO 2006-I Limited
     By: Wells Capital Management
     as Portfolio Manager

			
		 	by	  	 /s/ Zachary Tyler

		 	Name:	  	Zachary Tyler
		 	Title:	  	Authorized Signatory
		
		 	Name of Term Lender:
	
	     Sankaty Advisors, LLC as Collateral
     Manager for AVERY POINT CLO,
     LTD., as Term Lender

			
		 	by	  	 /s/ Jeffrey Hawkins

		 	Name:	  	Jeffrey Hawkins
		 	Title:	  	Executive Vice President
		
	 	 	Name of Term Lender:
	
	     Sankaty Advisors, LLC as Collateral
     Manager for Castle Hill I -
     INGOTS, Ltd., as Term
Lender

			
		 	by	  	 /s/ Jeffrey Hawkins

		 	Name:	  	Jeffrey Hawkins
		 	Title:	  	Executive Vice President
		
	 	 	Name of Term Lender:
	
	     Sankaty Advisors, LLC as Collateral
     Manager for Castle Hill II -
     INGOTS, Ltd., as Term
Lender

			
		 	by	  	 /s/ Jeffrey Hawkins

		 	Name:	  	Jeffrey Hawkins
		 	Title:	  	Executive Vice President

 SIGNATURE PAGE TO 
 AMENDMENT NO. 1 TO THE 
 TEAM FINANCE LLC CREDIT AGREEMENT 
  

					
	Name of Term Lender:
	
	     Sankaty Advisors, LLC as Collateral
     Manager for Castle Hill III CLO,
      Limited, as Term
Lender

			
		 	by	 	 /s/ Jeffrey Hawkins

		 	Name:	 	Jeffrey Hawkins
		 	Title:	 	Executive Vice President
	
	 Name of Term Lender:

	
	     Sankaty Advisors, LLC as Collateral
     Manager for Loan Funding XI LLC,
     As Term Lender

			
		 	by	 	 /s/ Jeffrey Hawkins

		 	Name:	 	Jeffrey Hawkins
		 	Title:	 	Executive Vice President
	
	 Name of Term Lender:

	
	     Chatham Light II CLO, Limited,
     by Sankaty Advisors LLC,
     as Collateral Manager

			
		 	by	 	 /s/ Jeffrey Hawkins

		 	Name:	 	Jeffrey Hawkins
		 	Title:	 	Executive Vice President
	
	 Name of Term Lender:

	
	     Chatham Light III CLO, Ltd
     By Sankaty Advisors, LLC
     as Collateral Manager

			
		 	by	 	 /s/ Jeffrey Hawkins

		 	Name:	 	Jeffrey Hawkins
		 	Title:	 	Executive Vice President
	
	 Name of Term Lender:

	
	     Katonah III, Ltd.
     by Sankaty Advisors LLC
     as Sub-Advisors

			
		 	by	 	 /s/ Jeffrey Hawkins

		 	Name:	 	Jeffrey Hawkins
		 	Title:	 	Executive Vice President

 SIGNATURE PAGE TO 
 AMENDMENT NO. 1 TO THE 
 TEAM FINANCE LLC CREDIT AGREEMENT 
  

							
	 Name of Term Lender:

	
	     Katonah IV, Ltd. by Sankaty
     Advisors, LLC as Sub-Advisors

			
		 	by	 	 /s/ JEFFREY HAWKINS

		 	Name:	 	JEFFREY HAWKINS
		 	Title:	 	Executive Vice Presidents

  

							
	Name of Term Lender:
	
	     Sankaty Advisors, LLC as Collateral
     Manager for Race Point CLO,
     Limited, as Term Lender

			
		 	by	 	 /s/ JEFFREY HAWKINS

		 	Name:	 	JEFFREY HAWKINS
		 	Title:	 	Executive Vice Presidents

  

							
	Name of Term Lender:
	
	     Sankaty Advisors, LLC as Collateral
     Manager for Race Point II CLO,
     Limited, as Term Lender

			
		 	by	 	 /s/ JEFFREY HAWKINS

		 	Name:	 	JEFFREY HAWKINS
		 	Title:	 	Executive Vice Presidents

  

							
	Name of Term Lender:
	
	     Sankaty Advisors, LLC as Collateral
     Manager for Race Point III CLO,
     Limited, as Term Lender

			
		 	by	 	 /s/ JEFFREY HAWKINS

		 	Name:	 	JEFFREY HAWKINS
		 	Title:	 	Executive Vice Presidents

  

							
	Name of Term Lender:
	
	    Race Point IV CLO, Ltd
	     By: Sankaty Advisors, LLC
     as Collateral Manager

			
		 	 by
	 	 /s/ JEFFREY HAWKINS

		 	Name:	 	JEFFREY HAWKINS
		 	Title:	 	Executive Vice Presidents

 SIGNATURE PAGE TO 
 AMENDMENT NO. 1 TO THE 
 TEAM FINANCE LLC CREDIT AGREEMENT 
  

							
	 Name of Term Lender:

	
	     RAVEN CREDIT
     OPPORTUNITIES MASTER FUND, LTD.

			
		 	by	 	 /s/ KEVIN GERLITZ

		 	Name:	 	KEVIN GERLITZ
		 	Title:	 	CFO/COO
	
	 Name of Term Lender:

	
	     THE NORINCHUKIN TRUST & BANKING CO., LTD
     ACTING AS TRUSTEE FOR TRUST ACCOUNT
     NO. 430000-85

			
		 	by	 	 /s/ Seiji Kuramoto

		 	Name:	 	Seiji Kuramoto
		 	Title:	 	Chief Manager
	
	 Name of Term Lender:

	
	     THE NORINCHUKIN TRUST & BANKING CO., LTD
     ACTING AS TRUSTEE FOR TRUST ACCOUNT
     NO. 430000-85

			
		 	by	 	 /s/ Seiji Kuramoto

		 	Name:	 	Seiji Kuramoto
		 	Title:	 	Chief Manager
	
	Name of Term Lender:
	
	     THE NORINCHUKIN TRUST & BANKING CO., LTD
     ACTING AS TRUSTEE FOR TRUST ACCOUNT
     NO. 430000-85

			
		 	by	 	 /s/ Seiji Kuramoto

		 	Name:	 	Seiji Kuramoto
		 	Title:	 	Chief Manager
	
	 Name of Term Lender:

	
	     THE NORINCHUKIN TRUST & BANKING CO., LTD
     ACTING AS TRUSTEE FOR TRUST ACCOUNT
     NO. 430000-85

			
		 	by	 	 /s/ Seiji Kuramoto

		 	Name:	 	Seiji Kuramoto
		 	Title:	 	Chief Manager

 SIGNATURE PAGE TO 
 AMENDMENT NO. 1 TO THE 
 TEAM FINANCE LLC CREDIT AGREEMENT 
  

							
	 Name of Term Lender:

	
	     THE NORINCHUKIN TRUST & BANKING CO., LTD
     ACTING AS TRUSTEE FOR TRUST ACCOUNT
     NO. 430000-85

			
		 	by	 	 /s/ Seiji Kuramoto

		 	Name:	 	Seiji Kuramoto
		 	Title:	 	Chief Manager

  

							
	Name of Term Lender:
	
	     THE NORINCHUKIN TRUST & BANKING CO., LTD
     ACTING AS TRUSTEE FOR TRUST ACCOUNT
     NO. 430000-85

			
		 	by	 	 /s/ Seiji Kuramoto

		 	Name:	 	Seiji Kuramoto
		 	Title:	 	Chief Manager
	
	 Name of Term Lender:

	
	     NAVIGATOR 2003, LTD

	     By: Antares Asset Management, Inc., as
     Collateral Manager

			
		 	By:	 	 /s/ Kathleen Brooks

		 	Name:	 	Kathleen Brooks
		 	Title:	 	Authorized Signatory
	
	 Name of Term Lender:

	
	    NAVIGATOR 2004, LTD
	     By: Antares Asset Management, Inc., as
     Collateral Manager

			
		 	By:	 	 /s/ Kathleen Brooks

		 	Name:	 	Kathleen Brooks
		 	Title:	 	Authorized Signatory
	
	 Name of Term Lender:

	
	     NAVIGATOR 2005, LTD
     By: Antares Asset Management, Inc., as
     Collateral Manager

			
		 	By:	 	 /s/ Kathleen Brooks

		 	Name:	 	Kathleen Brooks
		 	Title:	 	Authorized Signatory
	
	Name of Term Lender:
	
	     NAVIGATOR 2006, LTD

	     By: GE Asset Management, Inc., as Collateral
     Manager

			
		 	By:	 	 /s/ Kathleen Brooks

		 	Name:	 	Kathleen Brooks
		 	Title:	 	Authorized Signatory
	
	 Name of Term Lender:

	
	     General Electric Pension Trust, LTD

	     By: GE Asset Management, Inc., as Collateral
     Manager

			
		 	By:	 	 /s/ Kathleen Brooks

		 	Name:	 	Kathleen Brooks
		 	Title:	 	Authorized Signatory
	
	 Name of Term Lender:

	
	     Nantucket CLO I Ltd
     By: Fortis Investment
     Management USA, Inc..
     as Attorney-in-Fact

			
		 	by	 	 /s/ Jeffrey Megar

		 	Name:	 	Jeffrey Megar
		 	Title:	 	Vice President
	
	 Name of Term Lender:

	
	     Nantucket CLO II Ltd
     By: Fortis Investment
     Management USA, Inc..
     as Attorney-in-Fact

			
		 	by	 	 /s/ Jeffrey Megar

		 	Name:	 	Jeffrey Megar
		 	Title:	 	Vice President

 SIGNATURE PAGE TO 
 AMENDMENT NO. 1 TO THE 
 TEAM FINANCE LLC CREDIT AGREEMENT 
  

							
	 Name of Term Lender:

	
	     Morgan Stanley Senior Funding, Inc.

			
		 	by	 	 /s/ Donna M. Souza

		 	Name:	 	Donna M. Souza
		 	Title:	 	Vice President
	
	Name of Term Lender:
	
	    Mountain Capital CLO III Ltd
			
		 	by	 	 /s/ Jonathan Dietz

		 	Name:	 	Jonathan Dietz
		 	Title:	 	Director
	
	Name of Term Lender:
	
	    Mountain Capital CLO IV Ltd.
			
		 	by	 	 /s/ Jonathan Dietz

		 	Name:	 	Jonathan Dietz
		 	Title:	 	Director
	
	Name of Term Lender:
	
	    Mountain Capital CLO V Ltd.
			
		 	by	 	 /s/ Jonathan Dietz

		 	Name:	 	Jonathan Dietz
		 	Title:	 	Director
	
	    Millcreek CFPI Loan Funding LLC
			
		 	by	 	 /s/ Stephen Gloria

		 	Name:	 	Stephen Gloria
		 	Title:	 	Attorney In kind

 SIGNATURE PAGE TO 
 AMENDMENT NO. 1 TO THE 
 TEAM FINANCE LLC CREDIT AGREEMENT 
  

					
	 Name of Term Lender:

	
	    LATITUDE CLO I, LTD
			
		 	 by
	 	 /s/ Kirk Wallace

		 	Name:	 	Kirk Wallace
		 	Title:	 	Senior Vice President
	
	 Name of Term Lender:

	
	     LightPoint CLO 2004-1 , Ltd.
     LightPoint CLO III, Ltd.

			
		 	 by
	 	 /s/ Timothy S. Van Kirk

		 	Name:	 	Timothy S. Van Kirk
		 	Title:	 	Managing Director
	
	 Name of Term Lender:

	
	     KZH SOLEIL-2 LLC

			
		 	 by
	 	 /s/ Wai Kee Lee

		 	Name:	 	Wai Kee Lee
		 	Title:	 	Authorized Agent
	
	 Name of Term Lender:

	
	    ING CAPITAL LLC
			
		 	 by
	 	 /s/ Mike Garvin

		 	Name:	 	Mike Garvin
		 	Title:	 	Managing Director
	
	     ING PRIME RATE TRUST
     By: ING Investment Management Co.
as its Investment manager

			
		 	 by
	 	 /s/ Mohamed Basma

		 	Name:	 	Mohamed Basma
		 	Title:	 	Vice President
	
	     ING SENIOR INCOME FUND
     By: ING Investment Management Co.
as its Investment manager

			
		 	 by
	 	 /s/ Mohamed Basma

		 	Name:	 	Mohamed Basma
		 	Title:	 	Vice President
	
	     ING International (II) – Senior Bank Loans Euro
     By: ING Investment Management Co.
as its Investment manager

			
		 	 by
	 	 /s/ Mohamed Basma

		 	Name:	 	Mohamed Basma
		 	Title:	 	Vice President

 SIGNATURE PAGE TO 
 AMENDMENT NO. 1 TO THE 
 TEAM FINANCE LLC CREDIT AGREEMENT 
  

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

			
		 	By:	 	 /s/ Mohamed Basma

		 	Name:	 	Mohamed Basma
		 	Title:	 	Vice President
	
	     ING SENIOR INCOME FUND
     By: ING Investment Management Co.
     as its investment manager

			
		 	By:	 	 /s/ Mohamed Basma

		 	Name:	 	Mohamed Basma
		 	Title:	 	Vice President
	
	     ING International (II) - Senior Bank Loans Euro
     By: ING Investment Management Co.
     as its investment
manager

			
		 	By:	 	 /s/ Mohamed Basma

		 	Name:	 	Mohamed Basma
		 	Title:	 	Vice President
	
	 Name of Term Lender:

	
	    Regions Bank
			
		 	 by
	 	 /s/ Natalie Readett

		 	Name:	 	Natalie Readett
		 	Title:	 	Vice President
			
		 	 by
	 	 /s/ Matthew B. Ashworth

		 	Name:	 	Matthew B. Ashworth
		 	Title:	 	V-P

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00123-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00123-of-00352.parquet"}]]