Document:

Exhibit
10.26

 

RESTRICTED UNIT AGREEMENT

 

This Restricted Unit Agreement (this “Agreement”)
is made as of this 6th day of December, 2004 (the “Effective Date”)
between New Refco Group Ltd., LLC, a Delaware limited liability company (the “Company”),
and the undersigned employee (the “Employee”).  Certain capitalized terms used herein are
defined in Section 7 hereof.

 

WHEREAS, the Company believes it to be in the best
interests of the Company and its unitholders to take action to promote
work-force stability, to reward performance and otherwise align interests of
key management employees with those of the Company;

 

WHEREAS, accordingly the Company has determined to
issue restricted units in accordance with the provisions of this Agreement; and

 

WHEREAS, the Company desires to be assured that the
confidential information and goodwill of the Company will be preserved for the
exclusive benefit of the Company.

 

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

 

1.             Issuance of Employee Units.

 

(a)           Upon execution of this Agreement, the
Company will issue to the Employee that number of Class B Common Units of the
Company (the “Class B Common Units”) set forth below such Employee’s
name on the signature page attached hereto. 
All of such Class B Common Units issued to the Employee hereby are
referred to herein as “Employee Units.” 
To secure the Company’s rights under the Repurchase Option in Section 3,
the Company will retain possession of the certificates representing the
Employee Units and will provide the Employee with copies thereof.

 

(b)           In connection with the acquisition of the
Employee Units hereunder, the Employee represents and warrants to the Company
that:

 

(i)            the Employee Units to be acquired by the
Employee pursuant to this Agreement will be acquired for the Employee’s own
account, for investment only and not with a view to, or intention of, distribution
thereof in violation of the Securities Act, or any applicable state securities
laws, and the Employee Units will not be disposed of in contravention of the
Securities Act or any applicable state securities laws or this Agreement or the
Securityholders’ Agreement;

 

(ii)           the Employee has such knowledge and
experience in business and financial matters and with respect to investments in
securities of privately held companies so as to enable the Employee to
understand and evaluate the risks and benefits of his or her investment in the
Employee Units;

 

 

(iii)          the Employee has no need for liquidity in
his or her investment in the Employee Units and is able to bear the economic
risk of his or her investment in the Employee Units for an indefinite period of
time and understands that the Employee Units have not been registered or
qualified under the Securities Act or any applicable state securities laws, by
reason of the issuance of the Employee Units in a transaction exempt from the
registration and qualification requirements of the Securities Act or such state
securities laws and, therefore, cannot be sold unless subsequently registered
or qualified under the Securities Act or such state securities laws or an
exemption from such registration or qualification is available;

 

(iv)          the Employee acknowledges that he or she
is aware that the Employee Units may not be sold pursuant to Rule 144
promulgated under the Securities Act unless all of the conditions of that Rule
are met.  Among the current conditions
for use of Rule 144 by certain holders is the availability to the public of
current information about the Company. 
Such information is not now available, and the Company has no current
plans to make such information available; and

 

(v)           the Employee has had an opportunity to
ask questions and receive answers concerning the terms and conditions of the
offering of the Employee Units and has had full access to or been provided with
such other information concerning the Company as the Employee has requested.

 

(c)           This Agreement constitutes the legal,
valid and binding obligation of the Employee, enforceable in accordance with
its terms, and the execution, delivery and performance of this Agreement by the
Employee does not and will not conflict with, violate or cause a breach of any
agreement, contract or instrument to which the Employee is a party or any
judgment, order or decree to which the Employee is subject.

 

(d)           As an inducement to the Company to issue
the Employee Units to the Employee and as a condition thereto, the Employee
acknowledges and agrees that:

 

(i)            neither the issuance of the Employee Units
to the Employee nor any provision contained herein shall entitle the Employee
to remain in the employment of the Company or its subsidiaries or affect the
right of the Company to terminate the Employee’s employment at any time for any
reason; and

 

(ii)           except as provided in any other agreement
between the Company or any subsidiary thereof and the Employee, the Company
shall have no duty or obligation to disclose to the Employee, and the Employee
shall have no right to be advised of, any material information regarding the Company
and its subsidiaries, if any, at any time prior to, upon or in connection with
the forfeiture of the Employee Units upon the termination of the Employee’s
employment with the Company or a subsidiary thereof.

 

2

 

(e)           In connection with
the issuance and sale by the Company to the Employee of the Employee Units, the
Company represents and warrants that:

 

(i)            the Company is a limited
liability company validly existing under the laws of the jurisdiction of its
incorporation and has all requisite limited liability company power and
authority to own, lease and operate the assets used in its business, to carry
on its business as presently conducted, to enter into this Agreement, to
perform its obligations hereunder, and to consummate the transactions
contemplated hereby;

 

(ii)           the Company has
taken all limited liability company action necessary to authorize its execution
and delivery of this Agreement, its performance of its obligations thereunder,
and its consummation of the transactions contemplated thereby; and

 

(iii)          this Agreement
constitutes a valid and binding obligation of the Company, enforceable in
accordance with its terms.

 

2.             Vesting of Employee Units.

 

(a)           General.

 

(i)            Vesting. 
The Employee Units granted hereunder (the “Units”) will be deemed
“vested” (the “Vested Units”) in accordance with this Section 2.  One half of the Units (the “Non
Performance-Based Units”) will vest 25% on each of February 28, 2005,
February 28, 2006, February 28, 2007 and February 29, 2008, subject to the
provisions of Section 2(b).  The other
half of the Units (the “Performance Units”) will vest based upon the Company’s
achievement of the EBITDA targets set forth below for each of the Company’s
fiscal years ending February 28, 2005, February 28, 2006, February 28,
2007 and February 29, 2008 (each, a “Measurement Year”).  The vesting for the Performance Units will be
based on the following schedule:

 

3

 

EBITDA Targets

(dollars in millions)

 

	
  Measurement 

  Year

  	
   

  	
  Target 

  EBITDA

  	
   

  	
  Cumulative
  

  Target 

  EBITDA

  	
   

  	
  90% of 

  Target 

  EBITDA

  	
   

  	
  90% of 

  Cumulative 

  Target 

  EBITDA

  	
   

  	
  Eligible
  

  Performance 

  Units

  
	
  2005

  	
   

  	
  $

  	
  294.7

  	
   

  	
  $

  	
  294.7

  	
   

  	
  $

  	
  265.2

  	
   

  	
  $

  	
  265.2

  	
   

  	
  25% of Performance Units

  
	
  2006

  	
   

  	
  $

  	
  348.9

  	
   

  	
  $

  	
  643.6

  	
   

  	
  $

  	
  314.01

  	
   

  	
  $

  	
  579.2

  	
   

  	
  25% of Performance Units

  
	
  2007

  	
   

  	
  $

  	
  403.9

  	
   

  	
  $

  	
  1,047.5

  	
   

  	
  $

  	
  363.51

  	
   

  	
  $

  	
  942.75

  	
   

  	
  25% of Performance Units

  
	
  2008

  	
   

  	
  $

  	
  464.6

  	
   

  	
  $

  	
  1,512.1

  	
   

  	
  $

  	
  418.14

  	
   

  	
  $

  	
  1,360.89

  	
   

  	
  25% of Performance Units

  
																

 

The minimum EBITDA targets
set forth above shall be appropriately adjusted by the Company’s Board of
Managers for acquisitions and dispositions made by the Company (whether by
purchase or sale of assets, merger or otherwise) and such adjustments shall
take into account the pro forma annual EBITDA of any acquired business.

 

(A)          Performance Based Vesting.  Following
the end of each Measurement Year, on the Measurement Date, the number of Performance
Units set forth above that are identified above as first being eligible to vest
for that Measurement Year (the “Eligible Performance Units”) shall be
eligible to vest.  On each Measurement
Date, 50% of the Eligible Performance Units with respect to the prior Measurement
Year shall become Vested Units if at least 90% of the annual EBITDA target amount
was met for the prior Measurement Year. 
If more than 90% of the annual EBITDA target amount was met for the
prior Measurement Year, then the Eligible Performance Units with respect to the
prior Measurement Year shall become Vested Units on a straight line basis such
that an additional 5% of Eligible Performance Units shall become Vested Units
for each 1% that actual EBITDA exceeds 90% of the annual EBITDA target amount.

 

(B)           Catch Up.  On the fourth
Measurement Date, in addition to the vesting provided in subsection (A) above, the
Eligible Performance Units for all prior Measurement Years that have not
previously vested due to the Company’s failure to meet any annual EBITDA target
as of such 

 

4

 

date (collectively, the “Missed Performance Units”)
shall be eligible for “catch-up” vesting. 
Such “catch-up” vesting shall occur if the cumulative EBITDA target set
forth above in the column for Measurement Year 2008 (which represents the
cumulative EBITDA target for Measurement Years 2005 through 2008) is met; provided,
that (a) at least 90% of the annual EBITDA target for Measurement Year 2008 is
met and (b) the actual EBITDA for Measurement Year 2008 exceeds the actual EBITDA
for Measurement Year 2007 (collectively, the “Catch-Up Targets”).  If 90% of the cumulative EBITDA target for
Measurement Years 2005 through 2008 is met, then 50% of the Missed Performance Units
shall become Vested Units.  If over 90%
of the cumulative EBITDA target for Measurement Years 2005 through 2008 is met,
then a number of Missed Performance Units will become Vested Units, determined
on a straight line basis such that an additional 5% of the Missed Performance Units
will become Vested Units for each 1% that actual cumulative EBITDA exceeds 90%
of the cumulative EBITDA target for Measurement Years 2005 through 2008.

 

(ii)           Change of
Control.  All Non Performance-Based Units that have not
previously vested will vest in full upon a Change of Control.  Performance Units that have not become Vested
Units will accelerate as set forth below upon a Change of Control solely if the
Company (a) achieves at least 90% of the EBITDA target for the Measurement Year
immediately preceding the year in which the Change of Control occurs, and (b)
the actual EBITDA for the Measurement Year immediately preceding the year in
which the Change of Control occurs exceeded the actual EBITDA for the preceding
year.  If (x) the conditions set forth in
clauses (a) and (b) above are met, and (y) the Company achieved 90% of the cumulative
EBITDA target for the Measurement Year completed immediately prior to the
Change of Control, then 50% of the Missed Performance Units and 50% of the Performance
Units that are not Eligible Performance Units shall become Vested Units.  If (x) the conditions set forth in clauses (a)
and (b) above are met, and (y) the Company achieved more than 90% of the cumulative
EBITDA target for such immediately prior Measurement Year, then a number of
Missed Performance Units and Performance Units that are not Eligible Performance
Units will become Vested Units, determined on a straight line basis such that
an additional 5% of the Missed Performance Units and 5% of the Performance Units
that are not Eligible Performance Units will become Vested Units for each 1%
that actual cumulative EBITDA for such immediately prior Measurement Year exceeds
90% of the cumulative EBITDA target for such immediately prior Measurement Year.

 

(b)           In the event the Employee ceases to be
employed by the Company or any of its subsidiaries on a full-time basis for any
reason, then (i) all Employee Units shall cease vesting effective as of the
date upon which the Employee ceases to be so employed (the “Termination Date”),
(ii) a fraction of the Non Performance-Based Units that otherwise would become
Vested Units at the end of the Measurement Year in which such 

 

5

 

termination occurs will become Vested Units, the
numerator of which fraction shall equal the number of whole months during such
year (or, in the case of such termination prior to February 28, 2005, the
number of whole months since the date of this Agreement) that the Employee
remained employed by the Company and the denominator of which shall be twelve
(12), and, (iii) in the event that the Company achieves the EBITDA target with
respect to the Measurement Year in which such termination occurs, then the
Eligible Performance Units with respect to such year multiplied by a fraction,
the numerator of which shall equal the number of whole months during such year
that the Employee remained employed with the Company and the denominator of
which is 12, shall become Vested Units as of the next Measurement Date.

 

(c)           Notwithstanding the vesting terms set
forth in clause (a) above, if the Employee remains employed on a full-time
basis with the Company or any of its subsidiaries from the Effective Date
through the eighth anniversary of the Effective Date, all Performance Units that
have not previously vested shall automatically and immediately vest on the
eighth anniversary of the Effective Date.

 

3.             Repurchase or Forfeiture of Units.

 

(a)           In the event that the Employee ceases to
be employed by the Company or any of its subsidiaries on a full-time basis for
any reason, then all Employee Units (whether held by the Employee or by one or
more of the Employee’s transferees) which as of the date of termination:

 

(i)            have not vested pursuant to Section 2
hereof, will be forfeited and returned to the Company;

 

(ii)           have vested pursuant to Section 2
hereof, will be subject to repurchase by the Company, at its option (the “Repurchase
Option”), for Fair Market Value.

 

(b)           In the event of a Change of Control, then
all Performance Units (whether held by the Employee or by one or more of the
Employee’s transferees) which, as of the date of such Change of Control, have
not become Vested Units pursuant to Section 2, will be forfeited
and returned to the Company.

 

(c)           The Repurchase Option shall be exercised
by the Company, or its designee, from time to time, by delivering to the
Employee a written notice of exercise and a check in the amount of the Fair
Market Value.  Upon delivery of such
notice and payment of the purchase price as described above (or automatically
upon any forfeiture of units pursuant to Section 3(a) or 3(b)),
the Company, or its designee, shall become the legal and beneficial owner of
the Employee Units being repurchased and all rights and interest therein or
related thereto, and the Company, or its designee, shall have the right to
transfer to its own name the number of Employee Units being repurchased without
further action by the Employee or any of his or her transferees.  If the Company or its designee elect to
exercise the Repurchase Option pursuant to this Section 3 and the
Employee or his or her transferee fails to deliver the Employee Units in
accordance with 

 

6

 

the terms hereof, the Company, or its designee, may,
at its option, in addition to all other remedies it may have, deposit the
purchase price in an escrow account administered by an independent third party
(to be held for the benefit of and payment over to the Employee or his or her
transferee in accordance herewith), whereupon (or, in any case, upon any
forfeiture of units pursuant to this Section 3) the Company shall by
written notice to the Employee cancel on its books the certificates(s)
representing such Employee Units registered in the name of the Employee and all
of the Employee’s or his or her transferee’s right, title, and interest in and
to such Employee Units shall terminate in all respects.

 

(d)           Notwithstanding
the foregoing, if at any time the Company elects to repurchase any Class B
Common Units pursuant to the Repurchase Option, the Company shall pay the
purchase price for the Class B Common Units it purchases (i) first,
by offsetting indebtedness, if any, owing from such Employee to the Company and
(ii) then, by the Company’s delivery of cash for the remainder of the purchase
price, if any, against delivery of the certificates or other instruments
representing the Class B Common Units so purchased, duly endorsed; provided
that, (x) if any such cash payment at the time such payment is required
to be made would result (A) in a violation of any law, statute, rule,
regulation, policy, order, writ, injunction, decree or judgment promulgated or
entered by any federal, state, local or foreign court or governmental authority
applicable to the Company or any of its subsidiaries or any of its or their
property or (B) after giving effect thereto, in a Financing Default, or (y)
if the Board determines in good faith that immediately prior to such purchase
there shall exist a Financing Default which prohibits such purchase ((x) and (y)
collectively the “Cash Deferral Conditions”), the portion of the cash
payment so affected may be made by the Company’s delivery of a promissory note
or senior preferred units of the Company with a liquidation preference equal to
the balance of the purchase price.  The
promissory note or senior preferred units shall accrue interest or yield, as
the case may be, annually at the “prime rate” published in The Wall Street
Journal on the date of issuance, which interest or yield, as the case may be,
shall be payable at maturity.  The value
of each such senior preferred unit shall as of its issuance be deemed to equal
(A) the portion of the cash payment paid by the issuance of such preferred
units divided by (B) the number of senior preferred units so issued.  Any senior preferred units or the promissory note shall be redeemed or payable when and
to the extent the Cash Deferral Condition which prompted their issuance no
longer exists.

 

(e)           In the event that Employee Units are repurchased
or forfeited pursuant to this Section 3, the Employee and his or
her successors, assigns or Representatives shall take (at the Company’s
expense) all steps necessary and desirable to obtain all required third-party,
governmental and regulatory consents and approvals and take all other actions
necessary and desirable to facilitate consummation of such repurchase in a
timely manner.

 

4.             Legend.

 

The certificates representing the Employee Units
will bear the following legend:

 

7

 

“THE SECURITIES REPRESENTED BY THIS CERTIFICATE ARE
SUBJECT TO FORFEITURE, REPURCHASE RIGHTS AND CERTAIN OTHER AGREEMENTS SET FORTH
IN A RESTRICTED UNIT AGREEMENT DATED AS OF       JULY,
2004, BETWEEN THE COMPANY AND THE OTHER SIGNATORY THERETO.  A COPY OF SUCH AGREEMENT MAY BE OBTAINED BY
THE HOLDER HEREOF AT THE COMPANY’S PRINCIPAL PLACE OF BUSINESS WITHOUT CHARGE.

 

THE SALE, TRANSFER, ASSIGNMENT, PLEDGE, OR
ENCUMBRANCE OF THE SECURITIES REPRESENTED BY THIS CERTIFICATE AND THE RIGHTS OF
THE HOLDER OF SUCH SECURITIES IN RESPECT OF THE ELECTION OF DIRECTORS ARE
SUBJECT TO A SECURITYHOLDERS’ AGREEMENT DATED       
JULY, 2004 AMONG THE COMPANY AND CERTAIN HOLDERS OF ITS EQUITY INTERESTS.  COPIES OF SUCH AGREEMENT MAY BE OBTAINED AT NO
COST BY WRITTEN REQUEST MADE BY THE HOLDER OF RECORD OF THIS CERTIFICATE TO THE
SECRETARY OF THE COMPANY.

 

THE SECURITIES REPRESENTED BY THIS CERTIFICATE HAVE
BEEN ACQUIRED FOR INVESTMENT AND HAVE NOT BEEN REGISTERED UNDER THE SECURITIES
ACT OF 1933, AS AMENDED, OR ANY STATE SECURITIES OR BLUE SKY LAWS.  THESE SECURITIES MAY NOT BE SOLD OR
TRANSFERRED IN THE ABSENCE OF SUCH REGISTRATION OR AN EXEMPTION THEREFROM UNDER
SAID ACT OR LAWS.”

 

5.             Restrictions on Transfer, Conversion and
Voting.

 

(a)           The Company and the Employee acknowledge
and agree that the Employee Units are subject to and restricted by the
Securityholders’ Agreement. 
Notwithstanding anything to the contrary contained in the
Securityholders’ Agreement, no Employee Units that have not become Vested Units
pursuant to Section 2 hereof may be transferred to any Person and
no Employee Units that are Vested Units may be transferred to any Person who is
not an Affiliate of the Employee.  The
Vested Units may be transferred by will or the laws of descent and
distribution.

 

(b)           Prior to any Transfer, the transferee
shall agree, by execution of a Joinder Agreement, to be bound by this Agreement
as holder of Employee Units and by the Securityholders’ Agreement.  Any Transfer or attempted Transfer of any Employee
Units in violation of the preceding sentence shall be void, and the Company
shall not record such Transfer on its books or treat any purported transferee
of such Employee Units as the owner of such units for any purpose.

 

(c)            The
Employee agrees that so long as the Employee owns Employee Units which have not
become Vested Units pursuant to Section 2 hereof, the Employee shall be
obligated to vote all of his, her or its Employee Units which have not become
Vested Units pursuant to Section 2 hereof in the same manner and
proportions as the votes cast 

 

8

 

by the holders of a majority of the Company’s voting equity interests
not subject to such repurchase rights. 
If the Employee fails or refuses to vote his, her or its Employee Units
which have not become Vested Units pursuant to Section 2 hereof as
required by, or votes his, her or its Employee Units which have not become
Vested Units pursuant to Section 2 hereof in contravention of this Section
5(c), then the Employee hereby grants to each of the President and
Treasurer of the Company, acting solely in his or her capacity as such, an
irrevocable proxy, coupled with an interest, to vote such units in accordance
with Section 5(c).

 

6.             Restricted Activities.

 

(a)           The Employee acknowledges and agrees that
the Company is engaged in a highly competitive business and that the success of
the Company’s business in the marketplace depends upon its goodwill and
reputation for quality and dependability.

 

(b)           The Employee further acknowledges and
agrees that (i) reasonable limits may be placed on the Employee’s ability to
compete against the Company and its Affiliates as provided herein to the extent
that they protect and preserve the legitimate business interests and goodwill
of the Company and/or its Affiliates and (ii) such limits are (A) in
consideration for and as an inducement for, among other things, the receipt of
the units, (B) the result of arms-length negotiations between the parties, (C)
reasonable in scope and duration, and (D) necessary to protect the legitimate
business interests of the Company and its Affiliates.  In addition, the Employee acknowledges (1)
that the business of the Company and its Affiliates is international in scope
and without geographical limitation and (2) notwithstanding the state of
incorporation or formation or principal office or location of the Company or
any of its Affiliates, or any of their respective executives or employees
(including the Employee), it is expected that the Company will have business
activities and have valuable business relationships within its industry throughout
the United States and the world.

 

(c)           The Employee acknowledges that he has
carefully read this Agreement and has given careful consideration to the restraints
imposed upon by the Employee by this Agreement, and is in full accord as to
their necessity for the reasonable and proper protection of Proprietary
Information, whether now existing or to be developed in the future.  The Employee expressly acknowledges and
agrees that each and every restraint imposed by this Agreement is reasonable
with respect to subject matter, time period and geographical area.

 

(d)           Having acknowledged the foregoing, the
Employee covenants and agrees with the Company as follows:

 

6.1           Proprietary Information.

 

(a)            In the course of service to the Company, the
Employee will have access to confidential information regarding the
organization, business and finances of the Company and its Affiliates,
including products, services, designs,
methods, techniques, systems, specifications, know-how, strategic or technical 

 

9

 

data, marketing research data, product research and development data,
sales techniques, confidential customer lists and information, sources of
supply and trade secrets, all of which are confidential and may be proprietary
and are owned or used by the Company, or any of its Affiliates.  Such information shall hereinafter be called “Proprietary
Information” and shall include any and all items enumerated in the
preceding sentence and coming within the scope of the business of the Company
or any of its Affiliates as to which the Employee may have access, whether
conceived or developed by others or by the Employee alone or with others during
the period of service to the Company, whether or not conceived or developed
during regular working hours. 
Proprietary Information shall not include any records, data or
information which are (i) in the public domain during or after the Employee’s
term of employment provided the same are not in the public domain as a
consequence of disclosure directly or indirectly by the Employee in violation
of this Agreement, (ii) required to be disclosed by law, or (iii) reasonably
required to be disclosed in defending any suit, proceeding or investigation to
which the Employee is a party.

 

(b)           The Employee agrees that Proprietary
Information is of critical importance to the Company and a violation of this Section
6.1(b) would seriously and irreparably impair and damage the Company’s
business.  The Employee agrees that he
shall keep all Proprietary Information in a fiduciary capacity for the sole
benefit of the Company.

 

(c)            The Employee shall not during the Employee’s
term of employment or at any time thereafter: 
(i) disclose, directly or indirectly, any Proprietary Information to any
person, other than any person who, in the reasonable judgment of the Employee,
needs to know such Proprietary Information or such other persons to whom the
Employee has been specifically instructed to make disclosure by the Board of
Managers and in all such cases only to the extent required in the course of the
Employee’s service to the Company; or (ii) use any Proprietary Information,
directly or indirectly, for the Employee’s own benefit or for the benefit of
any person or entity other than the Company.

 

(d)           The Employee agrees to assign and transfer to
the Company or its designee, without any separate remuneration or compensation,
his entire right, title and interest in and to all Inventions in the Field (as
defined below), together with all United States and foreign rights with respect
thereto, and, at the Company’s expense, to execute and deliver all appropriate
patent and copyright applications for securing United States and foreign
patents and copyrights on Inventions in the Field and to perform all lawful
acts, including giving testimony, and to execute and deliver all such
instruments that may be necessary or proper to vest all such Inventions in the
Field and patents and copyrights with respect thereto in the Company, and to
assist the Company in the prosecution or defense of any interference which may
be declared involving any of said patent applications, patents, copyright
applications or copyrights.  For the
purposes of this Agreement, the words “Inventions in the Field” shall
include any 

 

10

 

discovery, process, design, development, improvement, application,
technique, or invention, whether patentable or copyrightable or not and whether
reduced to practice or not, conceived, created, discovered, invented or made by
the Employee, individually or jointly with others (whether on or off the
Company’s premises or during or after normal working hours), while in the
employ of the Company or any of its affiliated companies, and which was or is
directly or indirectly related to the business of the Company or any of its
affiliated companies or suppliers or customers, or which resulted or results
from any work performed by, or use of any Documents, Property or other personal
property of the Company (whether tangible or intangible and whether owned,
leased or contracted for) by, any executive, employee or agent of the Company
or any of its affiliated companies.

 

6.2           Protection of Documents.  All
(i) notes, memoranda, reports, lists, letters, documents, records,
specifications, software programs, software code, data, tapes and other media
of every kind, form and description relating to or within the scope of the
business of the Company or any of its Affiliates and any copies, in whole or in
part, thereof (collectively, the “Documents”), whether or not prepared
by the Employee, and (ii) all computers, cellular telephones, pagers, credit
and/or calling cards, keys, access cards or other  personal property of or relating to the
Company or any of its Affiliates (collectively, the “Property”) shall be
the sole and exclusive property of the Company. 
The Employee shall safeguard all Documents and Property and shall
surrender to the Company within five (5) days of the date of termination of the
Employee, or at such earlier time or times as the Board of Managers or its
designee may specify, all Documents and Property then in the Employee’s
possession or control; provided, however, that the Employee may
retain a copy of any personnel-related materials relating to his or her
employment with the Company, including, but not limited to, this Agreement, any
compensation or benefit plan or program, or any awards or evidence of
participation in such plans or programs, or any other communications to or from
the Company related to Employee’s employment. 
During the Employee’s term of employment, the Employee shall not make,
use or permit to be used any Documents or Property otherwise than for the
benefit of the Company.  After the
Employee’s term of employment, the Employee shall not use or permit others to
use any Documents or Property.  This
Section 6.2 and Section 6.1 shall not be construed to unreasonably restrict the
Employee’s ability to disclose Proprietary Information in an arbitration or
court proceeding regarding the assertion of, or defense against, any claim of
breach of this Agreement.

 

6.3           Non-Competition.  During
the Non-Competition Period (as defined below), the Employee will not and will
not permit any of his Affiliates to anywhere in the Territory (as defined
below) engage or participate in, directly or indirectly, alone or as principal,
agent, employee, employer, consultant, investor or partner of, or assist in the
management of, or provide advisory or other services to, or own any stock or
any other ownership interest in, or make any financial investment in, any
business or entity which is Competitive with the Company (as defined below); provided,
however, that the ownership of not more than two percent (2%) of the
outstanding securities of any class of 

 

11

 

securities listed on a national exchange or
inter-dealer quotation system shall not constitute a violation of this Section
6.3.  For purposes of this Agreement,
a business or entity shall be considered “Competitive with the Company”
as of any point in time during the Non-Competition Period if it competes with
(A) the products then marketed or sold by the Company and/or any of its Affiliates
and as such products may be improved and/or modified, (B) the services then
marketed, sold or provided by the Company and/or any of its Affiliates and as
such services may be improved and/or modified or (C) the products and/or
services that the Company and/or any of its Affiliates is then actively
developing, designing, marketing, producing or supplying in the future
including, without limitation, the business of providing financial products or
services, including those involving or related to exchange-traded derivatives,
managed futures, prime brokerage services, fixed income securities, foreign
exchange, equities, over-the-counter derivatives and asset management of
structured products related to the Company’s core business.  For purposes of this Agreement, the “Non-Competition
Period” shall mean the period commencing on the date of this Agreement and
ending eighteen (18) months after the date of termination of the Employee’s
employment with the Company.  For
purposes of this Agreement, “Territory” shall mean the States of New
York and Illinois and every other State or foreign country where the Company
and/or any of its Affiliates maintains employees, owns or leases property or
otherwise conducts business during the Non-Competition Period.

 

6.4           Non-Solicitation and No-Hire Restrictions.  During
the Non-Competition Period, the Employee will not and will not permit any of
his Affiliates (i) solicit, or attempt to solicit any officer, director,
consultant or executive of the Company or any of its Affiliates (each such
individual, a “Company Affiliate”) to leave his or her engagement with
the Company or such Affiliate, (ii) hire any Company Affiliate or (iii) call
upon, solicit, divert or attempt to solicit or divert from the Company or any
of its Affiliates any of their customers or suppliers or potential or
prospective customers or suppliers of whom the Employee was aware were
potential customers prior to or during the Employee’s term of employment in any
manner that harms or interferes with such person’s relationship with the
Company; provided, however, that nothing in this Section 6.4
shall be deemed to prohibit the Employee from calling upon or soliciting a
customer or supplier of the Company or any Affiliate during the Non-Competition
Period if such action relates solely to a business which is not Competitive
with the Company; provided, further, that nothing in this Section
6.4 shall be deemed to prohibit the Employee from (A) soliciting or hiring
any Company Affiliate if such Company Affiliate is a member of the Employee’s
immediate family; (B) placing advertisements in newspapers or other media of
general circulation advertising employment opportunities; and (C) hiring any
Company Affiliate who responds to such advertisements without any prior notice
thereof by the Employee; provided that such Company Affiliate was not otherwise
solicited by the Employee or any of his Affiliates in violation of this
Agreement.

 

6.5           No Disparagement.  Each
of the Company and the Employee covenants and agrees that during the Non-Competition
Period, such party will not, directly or indirectly, either in writing or by
any other medium, make any disparaging, derogatory or negative statement,
comment or remark about the other party or any of its 

 

12

 

Affiliates, or Thomas H. Lee Partners or any of
its Affiliates, or any of their respective officers, directors, employees,
Affiliates, subsidiaries, successors and assigns, as the case may be; provided,
however, that either party may make such statements, comments or remarks as are
necessary to comply with law.

 

6.6           Further Assurances.  The
Employee will not circumvent the purpose of any restriction contained in this Section
6 by engaging in business outside the Territory through remote means such
as telephone, correspondence or computerized communication.

 

7.             Definitions.

 

The following terms shall
have the meanings ascribed below:

 

“Affiliate” of any particular Person means
any other Person controlling, controlled by or under common control with such
particular Person or, with respect to any individual, such individual’s spouse
and descendants (whether natural or adopted) and any trust, partnership,
limited liability company or similar vehicle established and maintained solely
for the benefit of (or the sole members or partners of which are) such
individual, such individual’s spouse and/or such individual’s descendants.

 

“Board” means the Board of Managers of the
Company.

 

“Change of Control” shall mean the
consummation of a transaction, whether in a single transaction or in a series
of related transactions that are consummated contemporaneously (or consummated
pursuant to contemporaneous agreements), with any other party or parties, other
than an Affiliate of THL or an Affiliate of Phillip Bennett, on an arm’s-length
basis, pursuant to which (a) a party or group (as defined under Rule 13d under the Securities Exchange Act of 1934,
as amended) who is not a unitholder of the Company on the Effective Date,
acquires, directly or indirectly (whether by merger, stock purchase,
recapitalization, reorganization, redemption, issuance of capital stock or
otherwise), more than 50% of the voting power of the Company or otherwise
becomes entitled to designate a majority of the members of the Company’s Board
of Managers, or (b) such party or parties, directly or indirectly, acquire
assets constituting all or substantially all of the assets of the Company and
its subsidiaries on a consolidated basis.

 

“Class A Common Units” means the Company’s
Class A Common Units.

 

“Class B Common Units” has the meaning set
forth in Section 1(a) hereof.

 

“Code” shall mean the Internal Revenue Code
of 1986, as amended.

 

“Credit Agreement” shall mean the Credit
Agreement made as of July     , 2004, between Refco Finance
Holdings LLC, a Delaware limited liability company, Refco Group Ltd., LLC, a
Delaware limited liability company, each lender from time to time party
thereto, Banc of America Securities LLC, Credit Suisse First Boston, acting 

 

13

 

through its Cayman Islands Branch, and Deutsche Bank
Securities Inc., as co-lead arrangers and joint book running managers,
Credit Suisse First Boston, acting through its Cayman Islands Branch, as
Syndication Agent, Deutsche Bank Securities Inc., as Documentation Agent, and
Bank of America, N.A., as Administrative Agent, Swing Line Lender and L/C
Issuer, as may be amended, supplemented or otherwise modified in accordance
with its terms.

 

“ EBITDA” has the meaning set forth in the Securityholders’
Agreement.

 

“Employee Units” has the meaning set forth in
Section 1(a) hereof.  The
Employee Units will continue to be Employee Units in the hands of any holder
other than the Employee (except for the Company and except for transferees in a
public sale) and, except as otherwise provided herein, each such other holder
of the Employee Units will succeed to all rights and obligations attributable
to the Employee as a holder of the Employee Units hereunder.  The Employee Units will also include equity
interests of the Company issued with respect to the Employee Units by way of an
equity split, dividend of equity or other recapitalization.

 

“Fair Market Value” shall be determined by
the Board based on methods consistently applied in good faith.  Upon such determination, the Company shall
promptly provide the Employee with notice of the Fair Market Value so
determined (the “Board Notice”).

 

“Financing Default”
means any event of default or breach under the Credit Agreement.

 

“Measurement Date” shall mean, for any Measurement
Year, the date following the end of such Measurement Year upon which the
Company shall have received its audited financial statements for such
Measurement Year, beginning with the Measurement Year ending February 28,
2005.

 

“Person” shall be construed broadly and shall
include, without limitation, an individual, a partnership, an investment fund,
a limited liability company, a corporation, an association, a joint stock
company, a trust, a joint venture, an unincorporated organization and a governmental
entity or any department, agency or political subdivision thereof.

 

“Representative” means, with respect to the
deceased Employee, the duly appointed, qualified and acting personal
representative (or personal representatives collectively) of the estate of the
deceased Employee (or portion of such estate that includes Employee Units),
whether such personal representative holds the position of executor,
administrator or other similar position qualified to act on behalf of such
estate.

 

“Securities Act” means the Securities Act of
1933, as amended, or any successor federal law then in force.

 

14

 

“Securityholders’ Agreement” means the
Securityholders’ Agreement dated       July, 2004 between the Company and certain securityholders
of the Company, as amended, modified or supplemented from time to time.

 

“THL” means Thomas H. Lee Equity Fund V,
L.P., a Delaware limited partnership, and its Affiliates.

 

“Transfer” means the sale, transfer,
assignment, pledge or other disposal (whether with or without consideration and
whether voluntarily or involuntarily or by operation of law) of any Employee Units.

 

8.             General Provisions.

 

(a)           Severability.  The
parties agree that each provision herein shall be treated as a separate and
independent clause, and the unenforceability of any one clause shall in no way
impair the enforceability of any other clauses of this Agreement.  If any one or more provisions of this
Agreement is held to be invalid or unenforceable for any reason, including due
to being overbroad in scope activity, subject or otherwise: (i) this Agreement
shall be considered divisible; (ii) such provision shall be deemed inoperative
to the extent it is deemed invalid or unenforceable; and (iii) in all other respects
this Agreement shall remain full force and effect; provided, however, that if
any such provision maybe made valid or enforceable by limitation thereof, then
such provision shall be deemed to be so limited and shall be valid and/or
enforceable to the maximum extent permitted by applicable law.

 

(b)           Entire Agreement.  This
Agreement and the Securityholders Agreement constitute the
entire agreement and understanding of the parties hereto concerning the subject
matter hereof and from and after the date of this Agreement, this Agreement
shall supersede any other prior negotiations, discussions, writings, agreements
or understandings, both written and oral, between the parties with respect to
such subject matter.

 

(c)           Counterparts. 
This Agreement may be executed in separate counterparts, each of which
is deemed to be an original and all of which taken together constitute one and
the same agreement.

 

(d)           Successors and Assigns.

 

(i)             This Agreement is personal to the
Employee and without the prior written consent of the Company shall not be
assignable by the Employee.  This
Agreement shall inure to the benefit of and shall be enforceable by the
Employee and the Employee’s legal representatives.

 

(ii)            This Agreement shall inure to the benefit
of and be binding upon the Company and its successors and assigns.

 

15

 

(iii)           Nothing in this Agreement, express or
implied, is intended to or shall confer upon any person other than the parties
hereto, and their respective heirs, legal representatives, successors, and
permitted assigns, any rights, benefits, or remedies of any nature whatsoever
under or by reason of this Agreement.

 

(e)           Governing Law.  This
Agreement shall be governed by and construed in accordance with the laws of the
State of New York, without giving effect to any choice of law or conflict of
law provision or rule (whether of the State of New York or any other
jurisdiction) that would cause the application of the law of any jurisdiction
other than the State of New York.

 

(f)            Remedies.  Each of the
parties to this Agreement and any such Person granted rights hereunder whether
or not such Person is a signatory hereto shall be entitled to enforce its
rights under this Agreement specifically to recover damages and costs
(including reasonable attorney’s fees) for any breach of any provision of this
Agreement and to exercise all other rights existing in its favor.  The parties hereto agree and acknowledge that
money damages may not be an adequate remedy for any breach of the provisions of
this Agreement and that any party and any such Person granted rights hereunder
whether or not such Person is a signatory hereto may in its sole discretion
apply to any court of law or equity of competent jurisdiction for specific performance
and/or other injunctive relief (without posting any bond or deposit) in order
to enforce or prevent any violations of the provisions of this Agreement.

 

(g)           Amendment and Waiver. 
The provisions of this Agreement may be amended and waived only with the
prior written consent of the Company and the Employee and no course of conduct
or failure or delay in enforcing the provisions of this Agreement shall be
construed as a waiver of such provisions or affect the validity, binding effect
or enforceability of this Agreement or any provision hereof.

 

(h)           Notices.  Any notice
provided for in this Agreement must be in writing and must be either personally
delivered, transmitted via facsimile, mailed by first class mail (postage
prepaid and return receipt requested) or sent by reputable overnight courier
service (charges prepaid) to the recipient at the address below indicated or at
such other address or to the attention of such other person as the recipient
party has specified by prior written notice to the sending party.  Notices will be deemed to have been given
hereunder and received when delivered personally, when received if transmitted
via facsimile, five (5) days after deposit in the U.S. mail and one (1) day
after deposit with a reputable overnight courier service.

 

If
to the Company, to:

 

New
Refco Group Ltd., LLC

c/o
Refco Group Ltd., LLC

One
World Financial Center

200
Liberty Street

New
York, NY 10281

Attention:  Chief Financial Officer and General Counsel

 

16

 

	
  With a copy to:

  
	
   

  
	
  Thomas H. Lee Partners, L.P.

  
	
  100 Federal Street, 35th Floor

  
	
  Boston, MA 02110

  
	
  Attention: 

  	
  Scott A. Schoen

  
	
   

  	
  Scott Jaeckel

  
	
   

  	
  George Taylor

  

 

If
to the Employee, to the address set forth underneath the Employee’s name on the
signature pages hereto.

 

(i)            Business Days. 
If any time period for giving notice or taking action hereunder expires
on a day which is a Saturday, Sunday or holiday in the state in which the
Company’s chief executive office is located, the time period for giving notice
or taking action shall be automatically extended to the business day
immediately following such Saturday, Sunday or holiday.

 

(j)            Survival of Representations, Warranties
and Agreements.  All representations, warranties and
agreements contained herein shall survive the consummation of the transactions
contemplated hereby and the termination of this Agreement indefinitely.

 

(k)           Descriptive Headings. 
The descriptive headings of this Agreement are inserted for convenience
only and do not constitute a part of this Agreement.

 

(l)            Construction. 
Where specific language is used to clarify by example a general
statement contained herein, such specific language shall not be deemed to
modify, limit or restrict in any manner the construction of the general statement
to which it relates.  The language used
in this Agreement shall be deemed to be the language chosen by the parties to
express their mutual intent, and no rule of strict construction shall be
applied against any party.

 

(m)          WAIVER OF JURY TRIAL. 
EACH OF THE PARTIES HERETO HEREBY IRREVOCABLY WAIVES ALL RIGHT TO TRIAL
BY JURY IN ANY ACTION, PROCEEDING OR COUNTERCLAIM ARISING OUT OF OR RELATING TO
THIS AGREEMENT.

 

(n)           Nouns and Pronouns. 
Whenever the context may require, any pronouns used herein shall include
the corresponding masculine, feminine or neuter forms, and the singular form of
nouns and pronouns shall include the plural and vice versa.

 

 

[SIGNATURE
PAGE FOLLOWS]

 

17

 

IN
WITNESS WHEREOF, the parties hereto have executed this Restricted Unit
Agreement as of the date first written above.

 

	
   

  	
  NEW
  REFCO GROUP LTD, LLC

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/
  PHILLIP R. BENNETT

  
	
   

  	
   

  	
  Phillip
  R. Bennett

  
	
   

  	
   

  	
  Chief
  Executive Officer and President

  

 

 

	
   

  	
  EMPLOYEE:

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  Gerald
  M. Sherer

  
	
   

  	
  Print
  Name

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  /s/
  GERALD M. SHERER

  
	
   

  	
  Signature

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  Address:

  	
  333
  Central Park West #81

  	
   

  
	
   

  	
   

  	
  New
  York, NY 10025

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Number
  of Employee Units Received

  
	
   

  	
   

  
	
   

  	
  690,000Exhibit 10.27

 

AMENDMENT NO. 1
TO CREDIT AGREEMENT

 

AMENDMENT
dated as of March 15, 2005 (this “Amendment”) to
the Credit Agreement dated as of August 5, 2004 (the “Credit
Agreement”) among REFCO GROUP LTD.,
LLC, a Delaware limited liability company and successor by merger to REFCO
FINANCE HOLDINGS LLC (the “Borrower”), NEW
REFCO GROUP LTD., LLC, a Delaware limited liability company (“Holdings”), each lender from time to time party thereto
(collectively, the “Lenders” and
individually, a “Lender”), BANC OF AMERICA
SECURITIES LLC, CREDIT SUISSE FIRST BOSTON, acting through its Cayman Islands
branch, and DEUTSCHE BANK SECURITIES INC., as co-lead arrangers and joint book
running managers, CREDIT SUISSE FIRST BOSTON, acting through its Cayman Islands
Branch, as Syndication Agent, DEUTSCHE BANK SECURITIES INC., as Documentation
Agent, and BANK OF AMERICA, N.A., as Administrative Agent, Swing Line Lender
and L/C Issuer.

 

PRELIMINARY STATEMENTS

 

(1)                                  WHEREAS,
the Borrower desires to refinance and replace all outstanding Term Loans under
the Credit Agreement with a new class of term loans under the Credit Agreement,
to be designated “Term B Loans”,
up to an aggregate principal amount of $648,000,000, having identical terms
with, and having the same rights and obligations under the Loan Documents as, such
outstanding Term Loans, except as such terms are amended hereby.  Such refinancing is contemplated by Section 10.01
of the Credit Agreement.

 

(2)                                  WHEREAS,
each Term Lender who executes and delivers this Amendment shall be deemed, upon
the effectiveness of this Amendment, to have exchanged its Term Loans for Term
B Loans under the Credit Agreement in the same aggregate principal amount as
such Term Lender’s outstanding Term Loans as in effect immediately prior to the
Term B Facility Effective Date (as defined in Section 12 of this
Amendment), and such Term Lender shall thereafter become a Term B Lender under
the Credit Agreement.  Notwithstanding
anything herein to the contrary, it is understood and agreed that the Term B Loans
amend and restate in their entirety the Term Loans and there is no novation of
the Term Loans.

 

(3)                                  WHEREAS,
each Person who executes and delivers this Amendment as a term lender other
than pursuant to an exchange of outstanding Term Loans described in Section 2.01(a)(ii) of
the Credit Agreement as amended hereby, will make Term B Loans on the Term B
Facility Effective Date to the Borrower in an aggregate principal amount equal
to such Additional Term B Lender’s Term B Commitment. The proceeds of the Additional
Term B Loans will be used by the Borrower to refinance in full the outstanding
principal amount of the outstanding Term Loans of the Term Lenders, if any, who
do not execute

 

 

and deliver this Amendment.  It
is understood and agreed that an Additional Term B Lender may be a Person that
is an existing Term Lender.

 

(4)                                  WHEREAS,
the Borrower shall, on the Term B Facility Effective Date, pay to each Term
Lender that does not exchange its Term Loans for Term B Loans under the Credit
Agreement all accrued and unpaid interest then outstanding on its Term Loans.

 

(5)                                  WHEREAS,
the Borrower further desires to permit the application of proceeds from a
Qualifying IPO to the prepayment of the Senior Subordinated Notes.

 

(6)                                  WHEREAS,
the Borrower has requested that the Lenders amend the Credit Agreement to
effect the changes described above, and certain other changes described herein,
and the Lenders have agreed, subject to the terms and conditions hereinafter
set forth, to amend the Credit Agreement to effect all such changes as set
forth below in certain respects as set forth below.

 

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

 

SECTION 1.  Defined Terms; References.  Unless otherwise specifically
defined herein, each term used herein that is defined in the Credit Agreement
has the meaning assigned to such term in the Credit Agreement. Each term used
in the Preliminary Statements hereof that is not defined in the Credit
Agreement has the meaning assigned to such term in the Credit Agreement as
amended by Section 2 below.  Each
reference to “hereof”, “hereunder”, “herein” and “hereby” and each other
similar reference and each reference to “this Agreement” and each other similar
reference contained in the Credit Agreement shall, after the First Amendment Effective
Date (as defined in Section 12 of this Amendment), refer to the Credit
Agreement as amended hereby.

 

SECTION 2.  Amendments to Definitions.

 

(a)                                  Section 1.01
of the Credit Agreement is amended by adding the following definitions in
appropriate alphabetical order:

 

““Additional Term B
Commitment” means, as to each Additional Term B Lender, its
obligation to make a Term B Loan to the Borrower in an aggregate amount not to
exceed the amount set forth opposite such Lender’s name on Schedule 2.01
under the caption “Additional Term B Commitment”, or in the Assignment and
Assumption pursuant to which such Lender becomes a party hereto, as applicable,
as such amount may be adjusted from time to time in accordance with this
Agreement.

 

2

 

“Additional Term B Lender”
means, at any time, any Lender that has an Additional Term B Commitment or an
Additional Term B Loan at such time.

 

“Additional Term B Loan”
means a Loan made pursuant to Section 2.01(a)(iii) on the Term
B Facility Effective Date.

 

“Debt Rating”
means, as of any date of determination, the rating of the Facilities as determined by either S&P or Moody’s (collectively, the “Debt Ratings”).

 

“Exempt IPO”
means a Qualifying IPO that is consummated on or prior to July 2, 2007.

 

“First Amendment”
means the First Amendment to this Agreement, dated as of March 15, 2005,
among Holdings, the Borrower, the Administrative Agent and the Lenders party
thereto.

 

“Term B Borrowing”
means a borrowing consisting of simultaneous Term B Loans of the same Type made
by the Term B Lenders.

 

“Term B Commitment”
means, as to each Term B Lender, its obligation to make a Term B Loan to the
Borrower pursuant to Section 2.01(a) in an aggregate amount
not to exceed the amount set forth opposite such Lender’s name on Schedule 2.01
under the caption “Term B Commitment”, or in the Assignment and Assumption
pursuant to which such Lender becomes a party hereto, as applicable, as such
amount may be adjusted from time to time in accordance with this Agreement.

 

“Term B Facility Effective
Date” is defined in Section 12 of the First Amendment.

 

“Term B Lender”
means, collectively, (a) each Term Lender that executes and delivers the
First Amendment on or prior to the Term B Facility Effective Date, (b) each
Additional Term B Lender and (c) each Lender that acquires a Term B Loan
or a Term B Commitment pursuant to an Assignment and Assumption.

 

“Term B Loan”
means a Loan made pursuant to Section 2.01(a)(iii) or deemed
made pursuant to Section 2.01(a)(ii).

 

“Term B Loan Replacement
Debt” means Indebtedness that is (a) incurred after the Term B
Facility Effective Date and on or before the date that is the first anniversary
of the Term B Facility Effective Date, (b) a new tranche of term loans that
is secured or is broadly marketed or syndicated to banks and other
institutional investors in financings similar to the Facility (whether incurred
under this Agreement (including a new

 

3

 

tranche of term loans as
contemplated by Section 10.01 of this Agreement) or under separate
documentation and whether with the Lenders or with other institutions) with an
interest rate margin applicable thereto that is less than the Applicable Rate
with respect to the Term B Loans and (c) incurred for the primary purpose
of refinancing the Term B Loans. 
Notwithstanding the foregoing, any refinancing of the Term B Loans in
connection with a bond offering or an Initial Public Offering shall not
constitute Term B Loan Replacement Debt.

 

“Term B Note”
means a promissory note of the Borrower payable to any Term B Lender or its
registered assigns, in substantially the form of Exhibit C-1
hereto, evidencing the aggregate indebtedness of the Borrower to such Term B
Lender resulting from the Term B Loans made or deemed made by such Term B
Lender.”

 

(b)                                 Section 1.01
of the Credit Agreement is further amended as follows:

 

(i)                                     By
amending the following definitions to read in their entirety as follows:

 

“Applicable Rate”
means a percentage per annum equal to:  (a) until
the date that is six (6) months after the Closing Date, (i) for
Eurodollar Rate Loans, 2.75%, (ii) for Base Rate Loans, 1.75%, (iii) for
Letter of Credit fees, 2.75% and (iv) for commitment fees, 0.50% and (b) thereafter,
(i) with respect to Revolving Loans, Letter of Credit Fees and commitment fees,
the percentages per annum set forth in the first table below, based upon the
Leverage Ratio as set forth in the most recent Compliance Certificate received
by the Administrative Agent pursuant to Section 6.02(b) and (ii) with
respect to Term Loans, the percentages per annum set forth in the second table
below, based upon the Debt Rating as set forth in such table:

 

	
   

  	
   

  	
  Applicable Rate

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
  Revolving Loans

  	
   

  	
   

  	
   

  
	
  Pricing

  Level

  	
   

  	
  Leverage Ratio

  	
   

  	
  Eurodollar Rate

  and

  Letter of Credit

  Fees

  	
   

  	
  Base Rate

  	
   

  	
  Commitment

  Fee

  Rate

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  1

  	
   

  	
   

  	
  >5.00:1

  	
   

  	
  2.75

  	
  %

  	
  1.75

  	
  %

  	
  0.50

  	
  %

  
	
  2

  	
   

  	
   

  	
  >4.50:1
  but <5.00:1

  	
   

  	
  2.50

  	
  %

  	
  1.50

  	
  %

  	
  0.50

  	
  %

  
	
  3

  	
   

  	
   

  	
  >4.00:1
  but <4.50:1

  	
   

  	
  2.00

  	
  %

  	
  1.00

  	
  %

  	
  0.50

  	
  %

  
	
  4

  	
   

  	
   

  	
  <4.00:1

  	
   

  	
  1.75

  	
  %

  	
  0.75

  	
  %

  	
  0.25

  	
  %

  

 

4

 

Any increase or decrease in the
Applicable Rate resulting from a change in the Leverage Ratio shall become
effective as of the first Business Day immediately following the date a
Compliance Certificate is delivered pursuant to Section 6.02(b); provided that at the option of the Administrative Agent or
the Required Lenders, Pricing Level 1 shall apply (x) as of the first Business
Day after the date on which a Compliance Certificate was required to have been
delivered but was not delivered, and shall continue to so apply to and
including the date on which such Compliance Certificate is so delivered (and
thereafter the pricing level otherwise determined in accordance with this
definition shall apply) and (y) as of the first Business Day after an Event
of Default shall have occurred and be continuing, and shall continue to so
apply to but excluding the date on which such Event of Default is cured or
waived (and thereafter the pricing level otherwise determined in accordance
with this definition shall apply).

 

Term B Loans

 

	
  Pricing Level

  	
   

  	
  Eurodollar

  Rate

  	
   

  	
  Base Rate

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  1

  	
   

  	
   

  	
  1.75

  	
  %

  	
  0.75

  	
  %

  
	
  2

  	
   

  	
   

  	
  2.00

  	
  %

  	
  1.00

  	
  %

  
	
  3

  	
   

  	
   

  	
  2.25

  	
  %

  	
  1.25

  	
  %

  

 

Level 1 shall apply if the Debt Rating is at
least BB- by S&P and Ba3 by
Moody’s.

 

Level 2 shall apply if the Debt Rating is at
least BB- by S&P and B1 by Moody’s,
and Level 1 does not apply.

 

Level 3 shall apply if neither Level 1 nor
Level 2 applies.

 

Upon the Term B Facility
Effective Date, the Applicable Rate with respect to Term Loans shall be
determined based upon the Debt Rating specified in the certificate delivered
pursuant to Section 12(b)(vi) of the First Amendment.  Thereafter, each change in the Applicable
Rate resulting from a publicly announced change in the Debt Rating shall be
effective, in the case of an upgrade, on the date of delivery by a Responsible
Officer of the Borrower to the Administrative Agent of notice thereof and, in
the case of a downgrade, on the date of the public announcement thereof.

 

“Commitment”
means a Term B Commitment, an Additional Term B Commitment or a Revolving
Credit Commitment, as the context may require.”.

 

5

 

“Term Lender”
means any Lender that had outstanding Term Loans immediately prior to the Term
B Facility Effective Date, in such capacity.

 

“Term Loan”
means an advance made pursuant to Section 2.01(a)(i).”

 

(ii)                                  By
adding the following words at the beginning of clause (vi) of the
definition of “Excess Cash Flow”: “for the purpose of calculating Excess Cash
Flow for purposes of Section 2.05(b)(i) only,”.

 

(iii)                               By
replacing the words “Term Facility” where they appear in the definition of “Permitted
Subordinated Indebtedness” with “Term B Loans”.

 

(iv)                              By
deleting the definition of “Term Note”.

 

SECTION 3.  Term B Loans.

 

(a)                                  Section 2.01(a) of
the Credit Agreement is hereby amended by inserting “(i) Term Loans”
at the beginning of the first sentence thereof and by adding the following new
clauses immediately after the third sentence thereof:

 

“(ii)                            Exchange.  Subject to the terms and conditions hereof,
each Term Lender with a Term B Commitment severally agrees to exchange its Term
Loans for a like principal amount in Dollars of Term B Loans on the Term B
Facility Effective Date, and from and after the Term B Facility Effective Date
such Term Loans shall be deemed refinanced in full and such Term B Loans shall
be deemed made hereunder.

 

(iii)                               The Additional Term B
Loans.  Subject to the terms and
conditions hereof, each Additional Term B Lender severally agrees to make a
term loan in Dollars to the Borrower on the Term B Facility Effective Date in a
principal amount not to exceed its Additional Term B Commitment on the Term B
Facility Effective Date. The Borrower shall refinance all Term Loans of Term
Lenders that do not execute or deliver the First Amendment on the Term B
Facility Effective Date with the gross proceeds of the Additional Term B Loans.

 

(iv)                              Interest.  On the Term B Facility Effective Date, the
Borrower shall pay all accrued and unpaid interest on the Term Loans to any Term
Lenders that do not exchange their Term Loans for Term B Loans; provided that it is understood that the Interest Periods of such
Term Loans in effect prior to the Term B Facility Effective Date shall continue
on and after the Term B Facility Effective Date.

 

(vi)                              Modification of
Reference.  Upon the Term B Facility
Effective Date, the Term B Loans shall have the same terms, rights and

 

6

 

obligations as the Term Loans
as set forth in the Loan Documents, except as modified by the First Amendment,
and all references to “Term Borrowing”, “Term Loans”, “Term Commitment”, “Term
Note”, and “Term Lenders” in the Loan Documents shall be deemed to be
references to “Term B Borrowing”,  “Term
B Loans”, “Term B Commitments”, “Term B Note” and “Term B Lenders”, except (x) for
each of their respective definitions and (y) as such terms are used in Section 2.01(a)(i) of
the Credit Agreement and the First Amendment.

 

(b)                                 Prepayment Premium.  Section 2.05
of the Credit Agreement is amended by adding the following new clause (c) immediately
after clause (b) therein:

 

“(c) Any prepayment of Term B Loans with
the proceeds of, or in connection with the incurrence of, Term B Loan
Replacement Debt shall be accompanied by a prepayment fee for the account of
each Term B Lender equal to 1.00% of the aggregate principal amount of the Term
B Loans of such Term B Lender being prepaid.”

 

(c)                                  Section 2.05(a)(i) of
the Credit Agreement is hereby amended by replacing the words “Term Facility” where
they appear with “Term B Loans”.

 

(d)                                 Section 2.14(a) and
Section 10.01 are hereby amended by replacing the words “Applicable Margin”
with the words “Applicable Rate” each time they appear.

 

SECTION 4.  Excess Cash Flow Mandatory Prepayment.  Section 2.05(b)(i) of
the Credit Agreement is hereby amended by replacing clause (B)(2) of the
proviso therein with the following new clause (B)(2):

 

“(2) 0%
(x) if the Leverage Ratio as of the last day of the immediately preceding four
fiscal quarters was less than 3.0:1 or (y) upon the consummation of an
Exempt IPO”

 

SECTION 5.  Application of proceeds of Qualifying IPO.  Section 2.05(b)(iii) of the
Credit Agreement is amended to read in its entirety as follows:

 

“(iii) (A) On or prior to the date
which is five (5) Business Days after the receipt of Net Cash Proceeds
from a Specified Equity Issuance, the Borrower shall cause to be prepaid the
aggregate principal amount of Term Loans in an amount equal to 50% of all Net
Cash Proceeds received from such Specified Equity Issuance (other than any
Specified Equity Issuance by any Regulated Subsidiary to the extent, and for so
long as, the Net Cash Proceeds thereof may not be remitted to an Unregulated
Person (A) as a result of the failure to receive necessary regulatory
approvals or (B) pursuant to intercompany loans, distributions on equity
or otherwise, without causing a Mandatory Prepayment Net Capital Deficiency
with respect to such Regulated Subsidiary to occur); provided
that such

 

7

 

percentage shall be reduced to (x) 25% if the
Leverage Ratio as of the last day of the prior fiscal quarter was less
than 4.0:1 and (y) 0% if the Leverage Ratio as of the last day of the
prior fiscal quarter was less than 3.0:1; provided further
that no such prepayment shall be required pursuant to this Section 2.05(b)(iii)(A) from
the proceeds of an Exempt IPO to the extent that, on or prior to such date, the
Borrower shall have given written notice to the Administrative Agent of its
intention to apply such Net Cash Proceeds to repay the Senior Subordinated
Notes in accordance with Section 2.05(b)(iii)(B) (which
election may only be made if no Event of Default has occurred and is then
continuing);

 

(B)  With respect to any
Net Cash Proceeds realized or received with respect to any Exempt IPO (the “Exempt IPO Proceeds”), at the option of the Borrower, and so
long as no Event of Default shall have occurred and be continuing, the Borrower
may apply all or any portion of the Exempt IPO Proceeds to repay the Senior
Subordinated Notes within ninety-one (91) days following receipt thereof; provided that if at least 50% of the Exempt IPO Proceeds are
not so applied at the end of such period, an amount equal to 50% of the Exempt
IPO Proceeds less the amount of the Exempt IPO
Proceeds so applied shall be immediately applied to prepay the Term B Loans as
set forth in Section 2.05(b)(v).”

 

SECTION 6.  Application of Proceeds of Term B Loan.  Section 6.11 of the Credit
Agreement is amended by adding the following sentence at the end thereof:

 

“Proceeds from the Term B Loans
shall be used solely to refinance and replace the Term Loans.”

 

SECTION 7.  Permitted Acquisition Basket.  Section 7.02(i)(B) of
the Credit Agreement is amended by deleting the “(x)” and the words “and (y)
$200,000,000 for any single purchase or acquisition or series of related
purchases or acquisitions” therein.

 

SECTION 8.  Permitted Holdco Debt Incurrence Test.  Section 7.03(c)(iii) of
the Credit Agreement is amended by deleting the words “and the Leverage Ratio
shall be less than 3.75:1” in clause (ii) of the proviso in such Section.

 

SECTION 9.  Prepayments of Senior Subordinated Notes.  Section 7.14(a) of the
Credit Agreement is amended by replacing the “and” immediately before clause (ii) thereof
with a comma, and adding the following new clause (iii) immediately after
clause (ii):

 

“(iii) the
prepayment of the Senior Subordinated Notes from the proceeds of an Exempt IPO,
as contemplated by Section 2.05(b)(iii).”

 

8

 

SECTION 10.  Form of Term B Note.  Upon the Term B Facility Effective Date, Exhibit C-1
to the Credit Agreement is replaced in its entirety by the form of new Exhibit C-1
attached hereto as Exhibit A.

 

SECTION 11.  Amendment to Schedule 2.01.  Upon the Term B Facility Effective Date, Schedule 2.01
to the Credit Agreement shall be amended in its entirety as set forth in Schedule 2.01
to this Amendment.

 

SECTION 12.  Conditions to Effectiveness.

 

(a)                                  Subject
to paragraph (b) below, this Amendment shall become effective on the date
(the “First Amendment Effective Date”) when the Administrative Agent shall
have (i) received from each of Holdings, the Borrower and the Required
Lenders a counterpart hereof signed by such party or facsimile or other written
confirmation (in form reasonably satisfactory to the Administrative Agent) that
such party has signed a counterpart hereof, and (ii) received reimbursement
for all costs and expenses (including fees, charges and disbursements of
counsel to the Administrative Agent) incurred in connection with the
preparation, negotiation and execution of this Amendment for which the Borrower
shall have received written notice.

 

(b)                                 The
portions of this Amendment relating to the refinancing and replacement of the
Term Loans with the Term B Loans shall become effective as of the date (the “Term B Facility Effective Date”) when, and only when, each
of the following conditions shall have been satisfied to the satisfaction of
the Administrative Agent:

 

(i)                                     First
Amendment Effective Date.  The First
Amendment Effective Date shall have occurred.

 

(ii)                                  Execution
of Counterparts.  The Administrative
Agent shall have received counterparts of this Amendment, duly executed and
delivered on behalf of each of Holdings, the Borrower, the Administrative Agent
and each Term Lender or, in lieu of one or more Term Lenders, one or more
Additional Term B Lenders providing Additional Term B Commitments in an amount
sufficient to refinance the outstanding principal amount of the Term Loans owed
to such non-consenting Term Lenders, or as to any of the foregoing parties, other
written confirmation (in form reasonably satisfactory to the Administrative
Agent) that such party has signed a counterpart hereof.

 

(iii)                               Evidence
of Debt.  Each Term B Lender shall
have received, if requested by it, one or more Term B Notes payable to the
order of such Term B Lender duly executed by the Borrower in substantially the
form of Exhibit C-1 to the Credit Agreement, as modified by this
Amendment, evidencing the Term B Loans.

 

9

 

(iv)                              Interest,
Etc.  Simultaneously with the making
of the Term B Loans, the Borrower shall have paid to all the Term Lenders that
do not exchange their Term Loans for Term B Loans all accrued and unpaid
interest on the Term Loans to the Term B Facility Effective Date plus
additional amounts, if any, owing pursuant to Section 3.05 of the
Credit Agreement.

 

(v)                                 Execution
of Consent. The Administrative Agent shall have received counterparts of a consent
substantially in the form of Exhibit B to this Amendment, duly executed by
each Subsidiary Guarantor.

 

(vi)                              Debt
Ratings Certificate.  The
Administrative Agent shall have received a certificate signed by a Responsible
Officer of the Borrower certifying the current Debt Ratings.

 

SECTION 13.  Representations.  Each of Holdings and the Borrower
represents and warrants that (i) the representations and warranties of Holdings,
the Borrower and each other Loan Party contained in Article 5 of the
Credit Agreement or any other Loan Document shall be true and correct in all
material respects on and as of the First Amendment Effective Date, except to
the extent that such representations and warranties specifically refer to an
earlier date, in which case they shall be true and correct in all material
respects as of such earlier date, and (ii) no Default will have occurred
and be continuing on such date.

 

SECTION 14.  Governing Law.  This Amendment shall be governed
by and construed in accordance with the laws of the State of New York.

 

SECTION 15.  Counterparts. 
This Amendment may be signed in any number of counterparts,
each of which shall be an original, with the same effect as if the signatures
thereto and hereto were upon the same instrument.  Delivery by telecopier of an executed
counterpart of a signature page to this Amendment shall be effective as
delivery of an original executed counterpart of this Amendment.

 

10

 

IN WITNESS
WHEREOF, the parties hereto have caused this Amendment to be duly executed as
of the date first above written.

 

	
   

  	
  REFCO GROUP LTD., LLC.

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
    /s/ PHILLIP BENNETT

  	
   

  
	
   

  	
   

  	
  Name:

  	
  Phillip Bennett

  
	
   

  	
   

  	
  Title:

  	
  Chief Executive Officer and

  President

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  NEW REFCO GROUP LTD., LLC

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ PHILLIP BENNETT

  	
   

  
	
   

  	
   

  	
  Name:

  	
  Phillip Bennett

  
	
   

  	
   

  	
  Title:

  	
  Chief Executive Officer and

  President

  
						

 

 

	
   

  	
   

  	
   

  	
  BANK OF
  AMERICA, N.A., as

  
	
   

  	
   

  	
   

  	
  Administrative Agent

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  By:

  	
  /s/ LILIANA
  CLAAR

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
  Name:  Liliana Claar

  
	
   

  	
   

  	
   

  	
   

  	
  Title:  Vice President

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  BANK OF
  AMERICA, N.A., as a Lender

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  By:

  	
  /s/ SUZANNE
  CHOMICZEWSKI

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
  Name:  Suzanne Chomiczewski

  
	
   

  	
   

  	
   

  	
   

  	
  Title:  Vice President

  
							

 

 

	
   

  	
   

  	
   

  	
  Name of
  Lender:

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  Addison
  CDO, Limited

  
	
   

  	
   

  	
   

  	
  By:

  	
  Pacific
  Investment Management Company LLC,

  
	
   

  	
   

  	
   

  	
   

  	
  as its
  Investment Advisor

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
  By:

  	
  /s/ Mohan V.
  Phansalkar

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
  Mohan V. Phansalkar

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
  Managing Director

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  Name of
  Lender:

  
	
   

  	
   

  	
   

  	
  Allstate
  Life Insurance Company

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  By:

  	
  /s/ Chris
  Goergen

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
  Name:   CHRIS GOERGEN

  
	
   

  	
   

  	
   

  	
   

  	
  Title:    Authorized
  Signatory

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  By:

  	
  /s/ Jerry D.
  Zinkula

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
  Name: 
  JERRY D. ZINKULA

  
	
   

  	
   

  	
   

  	
   

  	
  Title:    Authorized
  Signatory

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  Name of Lender:

  
	
   

  	
   

  	
   

  	
  AIMCO CDO Series 2000-A

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  By:

  	
  /s/ Chris
  Goergen

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
  Name: 
  CHRIS GOERGEN

  
	
   

  	
   

  	
   

  	
   

  	
  Title:    Authorized
  Signatory

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  By:

  	
  /s/ Jerry D.
  Zinkula

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
  Name: 
  JERRY D. ZINKULA

  
	
   

  	
   

  	
   

  	
   

  	
  Title:    Authorized
  Signatory

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  Name of Lender:

  
	
   

  	
   

  	
   

  	
  AIMCO CLO Series 2001-A

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  By:

  	
  /s/ Chris
  Goergen

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
  Name:   CHRIS GOERGEN

  
	
   

  	
   

  	
   

  	
   

  	
  Title:    Authorized
  Signatory

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  By:

  	
  /s/ Jerry D.
  Zinkula

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
  Name:   JERRY D. ZINKULA

  
	
   

  	
   

  	
   

  	
   

  	
  Title:    Authorized
  Signatory

  
										

 

 

	
   

  	
   

  	
   

  	
   

  	
  IDS Life
  Insurance Company

  
	
   

  	
   

  	
   

  	
  Name of
  Lender:

  	
  By: American
  Express Asset Management

  
	
   

  	
   

  	
   

  	
   

  	
  Group, Inc. as Collateral Manager

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  By:

  	
  /s/ Yvonne
  Stevens

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
  Name: Yvonne
  Stevens

  
	
   

  	
   

  	
   

  	
   

  	
  Title:    Senior
  Managing Director

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
  American
  Express Certificate Company

  
	
   

  	
   

  	
   

  	
  Name of
  Lender:

  	
  By: American
  Express Asset Management

  
	
   

  	
   

  	
   

  	
   

  	
  Group, Inc. as Collateral Manager

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  By:

  	
  /s/ Yvonne
  Stevens

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
  Name: Yvonne
  Stevens

  
	
   

  	
   

  	
   

  	
   

  	
  Title:    Senior
  Managing Director

  
							

 

 

	
   

  	
   

  	
   

  	
  Antares
  Capital Corporation

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  By:

  	
  /s/ David
  Mahon

  
	
   

  	
   

  	
   

  	
   

  	
  Name: 
  David Mahon

  
	
   

  	
   

  	
   

  	
   

  	
  Title:    Director

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  JPMorgan
  Chase Bank, N.A., as trustee of

  
	
   

  	
   

  	
   

  	
   

  	
  the Antares
  Funding Trust created

  
	
   

  	
   

  	
   

  	
   

  	
  under the
  Trust Agreement dated as of

  
	
   

  	
   

  	
   

  	
   

  	
  November 30,
  1999.

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  By:

  	
  /s/ Greg Sheehan

  
	
   

  	
   

  	
   

  	
   

  	
  Name: Greg Sheehan

  
	
   

  	
   

  	
   

  	
   

  	
  Title:   Vice President

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  Mariner CDO 2002, Ltd. By: Antares

  
	
   

  	
   

  	
   

  	
   

  	
  Asset Management Inc., as Collateral

  
	
   

  	
   

  	
   

  	
   

  	
  Manager

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  By:

  	
  /s/ David Mahon

  
	
   

  	
   

  	
   

  	
   

  	
  Name: David Mahon

  
	
   

  	
   

  	
   

  	
   

  	
  Title:   Vice President

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  Navigator CDO 2003, Ltd. By: Antares

  
	
   

  	
   

  	
   

  	
   

  	
  Asset Management Inc., as Collateral

  
	
   

  	
   

  	
   

  	
   

  	
  Manager

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  By:

  	
  /s/ David Mahon

  
	
   

  	
   

  	
   

  	
   

  	
  Name: David Mahon

  
	
   

  	
   

  	
   

  	
   

  	
  Title:   Vice President

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  Navigator CDO 2004, Ltd. By: Antares

  
	
   

  	
   

  	
   

  	
   

  	
  Asset Management Inc., as Agent

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  By:

  	
  /s/ David Mahon

  
	
   

  	
   

  	
   

  	
   

  	
  Name: David Mahon

  
	
   

  	
   

  	
   

  	
   

  	
  Title:   Vice President

  

 

 

	
   

  	
   

  	
   

  	
  Name of Lender:

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  AVENUE CLO FUND, LIMITED

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  By:

  	
  /s/ Richard D’Addario

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
  Name: RICHARD D’ADDARIO

  
	
   

  	
   

  	
   

  	
   

  	
  Title:   SENIOR PORTFOLIO MANAGER

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  Sankaty Advisors, LLC as Collateral

  
	
   

  	
   

  	
   

  	
  Manager for AVERY POINT CLO,

  
	
   

  	
   

  	
   

  	
  LTD., as Term Lender

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  By:

  	
  /s/ Jeffrey Hawkins

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
  Name: JEFFREY HAWKINS

  
	
   

  	
   

  	
   

  	
   

  	
  Title:   SENIOR VICE PRESIDENT

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  Name of Lender:

  
	
   

  	
   

  	
   

  	
  AZU & Funding

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  By:

  	
  /s/ Henry J. Sandlass

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
  Name: HENRY J. SANDLASS

  
	
   

  	
   

  	
   

  	
   

  	
  Title:   MANAGING DIRECTOR

  
							

 

 

	
   

  	
   

  	
  Name of Lender:

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  BABSON CLO LTD. 2003-I

  
	
   

  	
   

  	
   

  	
  BABSON CLO LTD. 2004-I

  
	
   

  	
   

  	
   

  	
  BABSON CLO LTD. 2004-II

  
	
   

  	
   

  	
   

  	
  SUFFIELD CLO, LIMITED

  
	
   

  	
   

  	
   

  	
  By:

  	
  Babson Capital Management LLC as

  
	
   

  	
   

  	
   

  	
   

  	
  Collateral Manager

  
	
   

  	
   

  	
   

  	
  By:

  	
  /s/ David P. Wells

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
  Name: David P. Wells, CFA

  
	
   

  	
   

  	
   

  	
   

  	
  Title:   Managing Director

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Name of Lender:

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  MAPLEWOOD (CAYMAN) LIMITED

  
	
   

  	
   

  	
   

  	
  By:  Babson Capital Management
  LLC

  
	
   

  	
   

  	
   

  	
  As Investment Manager

  
	
   

  	
   

  	
   

  	
  By:

  	
  /s/ David P. Wells

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
  Name: David P. Wells, CFA

  
	
   

  	
   

  	
   

  	
   

  	
  Title:   Managing Director

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  MASSACHUSETTS MUTUAL LIFE

  
	
   

  	
   

  	
   

  	
   

  	
  INSURANCE COMPANY

  
	
   

  	
   

  	
   

  	
  By:

  	
  Babson Capital Management LLC as

  
	
   

  	
   

  	
   

  	
   

  	
  Investment Adviser

  
	
   

  	
   

  	
   

  	
  By:

  	
  /s/ David P. Wells

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
  Name: David P. Wells, CFA

  
	
   

  	
   

  	
   

  	
   

  	
  Title:   Managing Director

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  LOAN FUNDING VIII LLC

  
	
   

  	
   

  	
   

  	
  By:  Babson Capital Management
  LLC

  
	
   

  	
   

  	
   

  	
  As Portfolio Manager

  
	
   

  	
   

  	
   

  	
  By:

  	
  /s/ David P. Wells

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
  Name: David P. Wells, CFA

  
	
   

  	
   

  	
   

  	
   

  	
  Title:   Managing Director

  

 

 

	
   

  	
  Name of Lender: BALLANTYNE FUNDING LLC

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  By:

  	
  /s/ Meredith J. Koslick

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
  Name: Meredith J. Koslick

  
	
   

  	
   

  	
   

  	
   

  	
  Title:   Assistant Vice President

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  Name of Lender: Ballyrock CDO I Limited,

  
	
   

  	
   

  	
   

  	
  By: Ballyrock Investment Advisors LLC, as

  
	
   

  	
   

  	
   

  	
  Collateral Manager

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  By:

  	
  /s/ Lisa Rymut

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
  Name: Lisa Rymut

  
	
   

  	
   

  	
   

  	
   

  	
  Title:   Assistant Treasurer

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  Name of Lender: Ballyrock CLO II

  
	
   

  	
   

  	
   

  	
  Limited, By: Ballyrock Investment Advisors

  
	
   

  	
   

  	
   

  	
  LLC, as Collateral Manager

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  By:

  	
  /s/ Lisa Rymut

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
  Name: Lisa Rymut

  
	
   

  	
   

  	
   

  	
   

  	
  Title:   Assistant Treasurer

  

 

 

	
   

  	
   

  	
   

  	
  Name of Lender: Bank fur Arbeit und

  
	
   

  	
   

  	
   

  	
  Wirtschaft Aktiengesellschaft

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  By:

  	
  /s/ Dr. Harald Raffay

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
  Name: Dr. Harald Raffay

  
	
   

  	
   

  	
   

  	
   

  	
  Title:   SVP

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  By:

  	
  /s/ Eva Weitz

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
  Name: Eva Weitz

  
	
   

  	
   

  	
   

  	
   

  	
  Title:   VP

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  Bear Stearns Loan Trust

  
	
   

  	
   

  	
   

  	
  By: Bear Stearns Asset Management, Inc.,

  
	
   

  	
   

  	
   

  	
  as its attorney-in-fact

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  By:

  	
  /s/ Niell D. [ILLEGIBLE]

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
  Name: Niell D. [ILLEGIBLE]

  
	
   

  	
   

  	
   

  	
   

  	
  Title:   Managing Director

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  Name of Lender:

  	
  BIG SKY SENIOR LOAN FUND, LTD.

  
	
   

  	
   

  	
   

  	
   

  	
  BY: EATON VANCE MANAGEMENT

  
	
   

  	
   

  	
   

  	
   

  	
  AS INVESTMENT ADVISOR

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  By:

  	
  /s/ Michael B. Botthof

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
  Name: Michael B. Botthof

  
	
   

  	
   

  	
   

  	
   

  	
  Title:   Vice President

  
							

 

 

	
   

  	
   

  	
   

  	
  Name of Lender:

  	
  BIG SKY III SENIOR LOAN TRUST

  
	
   

  	
   

  	
   

  	
   

  	
  BY: EATON VANCE MANAGEMENT

  
	
   

  	
   

  	
   

  	
   

  	
  AS INVESTMENT ADVISOR

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  By:

  	
  /s/ Michael B. Botthof

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
  Name: Michael B. Botthof

  
	
   

  	
   

  	
   

  	
   

  	
  Title:   Vice President

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Name of Lender: BIRCHWOOD FUNDING LLC

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  	
   

  	
  By:

  	
  /s/ Meredith J. Koslick

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
  Name: Meredith J. Koslick

  
	
   

  	
   

  	
   

  	
   

  	
  Title:   Assistant Vice President

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  Name of Lender:

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  BlackRock Global Floating Rate Income Trust

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  By:

  	
  /s/ [ILLEGIBLE]

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
  Name: [ILLEGIBLE]

  
	
   

  	
   

  	
   

  	
   

  	
  Title:   Authorised Signature

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
  Braymoor & Co.

  
	
   

  	
   

  	
   

  	
   

  	
  By: Bear Stearns Asset Management, Inc.

  
	
   

  	
   

  	
   

  	
   

  	
  as its attorney-in-fact

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  By:

  	
  /s/ Niell D. [ILLEGIBLE]

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
  Name: Niell D. [ILLEGIBLE]

  
	
   

  	
   

  	
   

  	
   

  	
  Title:   Managing Director

  
							

 

 

	
   

  	
   

  	
   

  	
  Name of Lender:

  
	
   

  	
   

  	
   

  	
  Bushnell CBNA Loan Funding LLC, for

  
	
   

  	
   

  	
   

  	
  itself or as agent for Bushnell CFPI Loan

  
	
   

  	
   

  	
   

  	
  Funding LLC

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  By:

  	
  /s/ Janet Haack

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
  Name: JANET HAACK

  
	
   

  	
   

  	
   

  	
   

  	
  Title:   AS ATTORNEY-IN-FACT

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
  Name of Lender: Trust Company of the
  West

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  C-SQUARED CDO LTD.

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By: TCW Advisors, Inc., as its

  
	
   

  	
   

  	
  Portfolio Manager

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  By:

  	
  /s/ Jonathan R. Insull

  	
   

  
	
   

  	
   

  	
   

  	
  Name: JONATHAN R. INSULL

  
	
   

  	
   

  	
   

  	
  Title:   MANAGING DIRECTOR

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  Name of Lender:

  	
  Carlyle High Yield Partners, L.P.

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  By:

  	
  /s/ Linda Pace

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
  Name: LINDA PACE

  
	
   

  	
   

  	
   

  	
   

  	
  Title:   MANAGING DIRECTOR

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  Name of Lender:

  	
  Carlyle High Yield Partners II, Ltd.

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  By:

  	
  /s/ Linda Pace

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
  Name: LINDA PACE

  
	
   

  	
   

  	
   

  	
   

  	
  Title:   MANAGING DIRECTOR

  
										

 

 

	
   

  	
   

  	
   

  	
  Name of Lender:

  	
  Carlyle High Yield Partners III, Ltd.

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  By:

  	
  /s/ Linda Pace

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
  Name: LINDA PACE

  
	
   

  	
   

  	
   

  	
   

  	
  Title:   MANAGING DIRECTOR

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  Name of Lender: 

  	
  Carlyle High Yield Partners IV, Ltd.

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  By:

  	
  /s/ Linda Pace

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
  Name: LINDA PACE

  
	
   

  	
   

  	
   

  	
   

  	
  Title:   MANAGING DIRECTOR

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  Name of Lender: 

  	
  Carlyle High Yield Partners VI, Ltd.

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  By:

  	
  /s/ Linda Pace

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
  Name: LINDA PACE

  
	
   

  	
   

  	
   

  	
   

  	
  Title:   MANAGING DIRECTOR

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  Name of Lender:

  	
  Carlyle Loan Opportunity Fund

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  By:

  	
  /s/ Linda Pace

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
  Name: LINDA PACE

  
	
   

  	
   

  	
   

  	
   

  	
  Title:   MANAGING DIRECTOR

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  Name of Lender:

  	
  Carlyle Loan Investment, Ltd.

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  By:

  	
  /s/ Linda Pace

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
  Name: LINDA PACE

  
	
   

  	
   

  	
   

  	
   

  	
  Title:   MANAGING DIRECTOR

  
															

 

 

	
   

  	
   

  	
   

  	
      Name of Lender: Trust Company of the West

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  CELERITY CLO LIMITED

  
	
   

  	
   

  	
   

  	
  By:

  	
  TCW Advisors, Inc.,

  
	
   

  	
   

  	
   

  	
   

  	
  As Agent

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  By:

  	
  /s/ Richard F. Kurth

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
  Name: RICHARD F. KURTH

  
	
   

  	
   

  	
   

  	
   

  	
  Title:   SENIOR VICE PRESIDENT

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  By:

  	
  /s/ Jonathan R. Insull

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
  Name: JONATHAN R. INSULL

  
	
   

  	
   

  	
   

  	
   

  	
  Title:   MANAGING DIRECTOR

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  Centurion CDO VI, Ltd.

  
	
   

  	
   

  	
   

  	
  Name of Lender:

  	
  By: American Express Asset Management

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  Group, Inc. as Collateral Manager

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  By:

  	
  /s/ Vincent P. Pham

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
  Name: Vincent P. Pham

  
	
   

  	
   

  	
   

  	
   

  	
  Title:   Director-Operations

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  Centurion CDO II, Ltd.

  
	
   

  	
   

  	
   

  	
  Name of Lender:

  	
  By: American Express Asset Management

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  Group, Inc. as Collateral Manager

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  By:

  	
  /s/ Vincent P. Pham

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
  Name: Vincent P. Pham

  
	
   

  	
   

  	
   

  	
   

  	
  Title:   Director-Operations

  
										

 

 

	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  Centurion CDO VII, Ltd.

  
	
   

  	
   

  	
   

  	
  Name of Lender:

  	
  By: American Express Asset Management

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  Group, Inc. as Collateral Manager

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  By:

  	
  /s/ Vincent P. Pham

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
  Name: Vincent P. Pham

  
	
   

  	
   

  	
   

  	
   

  	
  Title:   Director-Operations

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  Centurion CDO 8, Limited.

  
	
   

  	
   

  	
   

  	
  Name of Lender:

  	
  By: American Express Asset Management

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  Group, Inc. as Collateral Manager

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  By:

  	
  /s/ Vincent P. Pham

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
  Name: Vincent P. Pham

  
	
   

  	
   

  	
   

  	
   

  	
  Title:   Director-Operations

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  Sequils-Centurion V, Ltd.

  
	
   

  	
   

  	
   

  	
  Name of Lender:

  	
  By: American Express Asset Management

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  Group, Inc. as Collateral Manager

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  By:

  	
  /s/ Vincent P. Pham

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
  Name: Vincent P. Pham

  
	
   

  	
   

  	
   

  	
   

  	
  Title:   Director-Operations

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  Name of Lender: CREDIT SUISSE FIRST BOSTON,

  
	
   

  	
   

  	
   

  	
  Acting through its Cayman Islands Branch,

  
	
   

  	
   

  	
   

  	
  as a lender

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  By:

  	
  /s/ Jay Chall

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
  Name: Jay Chall

  
	
   

  	
   

  	
   

  	
   

  	
  Title:   Director

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  By:

  	
  /s/ Mikhail Faybusovich

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
  Name: MIKHAIL FAYBUSOVICH

  
	
   

  	
   

  	
   

  	
   

  	
  Title:   ASSOCIATE

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Name of Lender: CYPRESS POINT TRADING LLC

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  By:

  	
  /s/ Meredith J. Koslick

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
  Name: Meredith J. Koslick

  
	
   

  	
   

  	
   

  	
   

  	
  Title:   Assistant Vice President

  
								

 

 

	
  Name of Lender: CYPRESSTREE CLAIF FUNDING LLC

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  By:

  	
  /s/ Meredith J. Koslick

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
  Name: Meredith J. Koslick

  
	
   

  	
   

  	
   

  	
   

  	
  Title:   Assistant Vice President

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  Name of Lender:

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  Denali Capital LLC, managing member of DC

  
	
   

  	
   

  	
   

  	
  Funding Partners, portfolio manager for DENALI

  
	
   

  	
   

  	
   

  	
  CAPITAL CLO I, LTD., or an affiliate

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  By:

  	
  /s/ Gregory R. Cooper

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
  Name: GREGORY R. COOPER

  
	
   

  	
   

  	
   

  	
   

  	
  Title:   MANAGING DIRECTOR

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  Name of Lender:

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  Denali Capital LLC, managing member of

  
	
   

  	
   

  	
   

  	
  DC Funding Partners, portfolio manager for

  
	
   

  	
   

  	
   

  	
  DENALI CAPITAL CLO II, LTD., or an affiliate

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  By:

  	
  /s/ Gregory R. Cooper

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
  Name: GREGORY R. COOPER

  
	
   

  	
   

  	
   

  	
   

  	
  Title:   MANAGING DIRECTOR

  

 

 

	
   

  	
   

  	
   

  	
  Name of Lender:

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  Denali Capital LLC, managing member of

  
	
   

  	
   

  	
   

  	
  DC Funding Partners, portfolio manager for

  
	
   

  	
   

  	
   

  	
  DENALI CAPITAL CLO III, LTD., or an affiliate

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  By:

  	
  /s/ Gregory R. Cooper

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
  Name: GREGORY R. COOPER

  
	
   

  	
   

  	
   

  	
   

  	
  Title:   MANAGING DIRECTOR

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  Name of Lender:

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  Denali Capital LLC, managing member of

  
	
   

  	
   

  	
   

  	
  DC Funding Partners, portfolio manager for

  
	
   

  	
   

  	
   

  	
  DENALI CAPITAL CLO IV, LTD., or an affiliate

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  By:

  	
  /s/ Gregory R. Cooper

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
  Name: GREGORY R. COOPER

  
	
   

  	
   

  	
   

  	
   

  	
  Title:   MANAGING DIRECTOR

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  Name of Lender:

  
	
   

  	
   

  	
   

  	
  DEUTSCHE BANK TRUST COMPANY

  
	
   

  	
   

  	
   

  	
  AMERICAS

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  By:

  	
  /s/ Omayra Laucella

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
  Name: Omayra Laucella

  
	
   

  	
   

  	
   

  	
   

  	
  Title:   Vice President

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  By:

  	
  /s/ Susan LeFevre

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
  Name: Susan LeFevre

  
	
   

  	
   

  	
   

  	
   

  	
  Title:   Director

  

 

 

	
   

  	
   

  	
   

  	
  EATON VANCE CDO III, LTD.

  
	
   

  	
   

  	
  Name of Lender:

  	
  By:

  	
  EATON VANCE MANAGEMENT

  
	
   

  	
   

  	
   

  	
  AS INVESTMENT ADVISOR

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/ Michael B. Botthof

  	
   

  
	
   

  	
   

  	
   

  	
  Name: Michael B. Botthof

  
	
   

  	
   

  	
   

  	
  Title:   Vice President

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  COSTANTINUS EATON VANCE CDO V, LTD.

  
	
   

  	
   

  	
  Name of Lender:

  	
  By:

  	
  EATON VANCE MANAGEMENT

  
	
   

  	
   

  	
   

  	
  AS INVESTMENT ADVISOR

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/ Michael B. Botthof

  	
   

  
	
   

  	
   

  	
   

  	
  Name: Michael B. Botthof

  
	
   

  	
   

  	
   

  	
  Title:   Vice President

  
	
   

  
	
   

  
	
   

  	
   

  	
   

  	
  EATON VANCE CDO VI LTD.

  
	
   

  	
   

  	
  Name of Lender:

  	
  BY:

  	
  EATON VANCE MANAGEMENT

  
	
   

  	
   

  	
   

  	
  AS INVESTMENT ADVISOR

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/ Michael B. Botthof

  	
   

  
	
   

  	
   

  	
   

  	
  Name: Michael B. Botthof

  
	
   

  	
   

  	
   

  	
  Title:   Vice President

  
								

 

 

	
   

  	
   

  	
   

  	
   

  	
   

  	
  EATON VANCE FLOATING-RATE

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
  INCOME TRUST

  
	
   

  	
   

  	
   

  	
  Name of Lender:

  	
  BY:

  	
  EATON VANCE MANAGEMENT

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  AS INVESTMENT ADVISOR

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   By:

  	
  /s/ Michael B. Botthof

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
  Name: Michael B. Botthof

  
	
   

  	
   

  	
   

  	
   

  	
  Title:   Vice President

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
  EATON VANCE

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
  LIMITED DURATION INCOME FUND

  
	
   

  	
   

  	
   

  	
  Name of Lender:

  	
  BY:

  	
  EATON VANCE MANAGEMENT

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  AS INVESTMENT ADVISOR

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   By:

  	
  /s/ Michael B. Botthof

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
  Name: Michael B. Botthof

  
	
   

  	
   

  	
   

  	
   

  	
  Title:   Vice President

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
  EATON VANCE SENIOR

  
	
   

  	
   

  	
   

  	
   

  	
  FLOATING-RATE TRUST

  
	
   

  	
   

  	
   

  	
  Name of Lender:

  	
  BY: EATON VANCE MANAGEMENT

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  AS INVESTMENT ADVISOR

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   By:

  	
  /s/ Michael B. Botthof

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
  Name: Michael B. Botthof

  
	
   

  	
   

  	
   

  	
   

  	
  Title:   Vice President

  
										

 

 

	
   

  	
   

  	
   

  	
  EATON VANCE SENIOR INCOME TRUST

  
	
   

  	
   

  	
  Name of Lender:

  	
  BY: EATON VANCE MANAGEMENT

  
	
   

  	
   

  	
   

  	
   

  	
  AS INVESTMENT ADVISOR

  
	
   

  
	
   

  
	
   

  	
   

  	
    By:

  	
  /s/ Michael B. Botthof

  	
   

  
	
   

  	
   

  	
   

  	
  Name: Michael B. Botthof

  
	
   

  	
   

  	
   

  	
  Title:   Vice President

  
	
   

  	
   

  	
   

  	
   

  
	
   

  
	
   

  	
   

  	
   

  	
  EATON VANCE INSTITUTIONAL SENIOR LOAN FUND

  
	
   

  	
   

  	
  Name of Lender:

  	
  BY: EATON VANCE MANAGEMENT

  
	
   

  	
   

  	
   

  	
   

  	
  AS INVESTMENT ADVISOR

  
	
   

  
	
   

  
	
   

  	
   

  	
    By:

  	
  /s/ Michael B. Botthof

  	
   

  
	
   

  	
   

  	
   

  	
  Name: Michael B. Botthof

  
	
   

  	
   

  	
   

  	
  Title:   Vice President

  
	
   

  	
   

  	
   

  	
   

  
	
   

  
	
   

  	
   

  	
   

  	
  EATON VANCE SHORT DURATION

  
	
   

  	
   

  	
   

  	
  DIVERSIFIED INCOME FUND

  
	
   

  	
   

  	
  Name of Lender:

  	
  By: EATON VANCE MANAGEMENT

  
	
   

  	
   

  	
   

  	
   

  	
  AS INVESTMENT ADVISOR

  
	
   

  
	
   

  
	
   

  	
   

  	
    By:

  	
  /s/ Michael B. Botthof

  	
   

  
	
   

  	
   

  	
   

  	
  Name: Michael B. Botthof

  
	
   

  	
   

  	
   

  	
  Title:   Vice President

  
	
   

  	
   

  	
   

  	
   

  
	
   

  
	
   

  	
   

  	
   

  	
  EATON VANCE

  
	
   

  	
   

  	
   

  	
  VT FLOATING-RATE INCOME FUND

  
	
   

  	
   

  	
  Name of Lender:

  	
  By: EATON VANCE MANAGEMENT

  
	
   

  	
   

  	
   

  	
   

  	
  AS INVESTMENT ADVISOR

  
	
   

  
	
   

  
	
   

  	
   

  	
    By:

  	
  /s/ Michael B. Botthof

  	
   

  
	
   

  	
   

  	
   

  	
  Name: Michael B. Botthof

  
	
   

  	
   

  	
   

  	
  Title:   Vice President

  
	
   

  	
   

  	
   

  	
   

  
	
   

  
									

 

 

 

	
   

  	
   

  	
   

  	
  Name of Lender:

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  ELF Funding Trust III

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  By:

  	
  New York Life Investment

  Management, LLC, as Attorney-In-

  Fact

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  By:

  	
  /s/ Anthony R Malby

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
  Name:  Anthony R Malby

  
	
   

  	
   

  	
   

  	
   

  	
  Title: 
  Managing Director

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  Name of Lender:

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  NYLIM Flatiron CLO 2003-1 Ltd.

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  By:

  	
  New York Life Investment

  
	
   

  	
   

  	
   

  	
   

  	
  Management, LLC, as Collateral

  
	
   

  	
   

  	
   

  	
   

  	
  Manager and Attorney-In-Fact

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  By:

  	
  /s/ Anthony R Malby

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
  Name:  Anthony R Malby

  
	
   

  	
   

  	
   

  	
   

  	
  Title: 
  Managing Director

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  By:

  	
  /s/ Anthony R Malby

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
  Name:  Anthony R Malby

  
	
   

  	
   

  	
   

  	
   

  	
  Title: 
  Managing Director

  

 

 

	
   

  	
   

  	
   

  	
  Name of Lender:  Fidelity Advisor Series II:

  Fidelity Advisor Floating Rate High Income

  Fund

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  By:

  	
  /s/ Mark Osterheld

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
  Name:  Mark Osterheld

  
	
   

  	
   

  	
   

  	
   

  	
  Title: 
  Assistant Treasurer

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  Name of Lender:  Fidelity Central

  Investment Portfolios LLC: Fidelity Floating

  Rate Central Investment Portfolio

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  By:

  	
  /s/ Mark Osterheld

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
  Name:  Mark Osterheld

  
	
   

  	
   

  	
   

  	
   

  	
  Title: 
  Assistant Treasurer

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  Name of Lender:  Trust Company of the West

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  FIRST 2004-I CLO, LTD.

  
	
   

  	
   

  	
   

  	
  By: TCW Advisors, Inc.,

  
	
   

  	
   

  	
   

  	
  Its Collateral Manager

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
  By:

  	
  /s/ Richard F. Kurth

  	
   

  
	
   

  	
   

  	
   

  	
  Name: 
  RICHARD F. KURTH

  	
   

  
	
   

  	
   

  	
  Title: 
  SENIOR VICE PRESIDENT

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
  By:

  	
  /s/ Jonathan R. Insull

  	
   

  
	
   

  	
   

  	
  Name: 
  JONATHAN R. INSULL

  	
   

  
	
   

  	
   

  	
  Title: 
  MANAGING DIRECTOR

  	
   

  
											

 

 

	
   

  	
   

  	
   

  	
  Name of Lender:  Trust Company of the West

  
	
   

  	
   

  	
   

  	
  FIRST 2004-II CLO, LTD.

  
	
   

  	
   

  	
   

  	
  By: TCW Advisors, Inc.,

  
	
   

  	
   

  	
   

  	
  Its Collateral Manager

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
  By:

  	
  /s/ Richard F. Kurth

  	
   

  
	
   

  	
   

  	
   

  	
  Name: 
  RICHARD F. KURTH

  
	
   

  	
   

  	
  Title: 
  SENIOR VICE PRESIDENT

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
  By:

  	
  /s/ Jonathan R. Insull

  	
   

  
	
   

  	
   

  	
  Name: 
  JONATHAN R. INSULL

  
	
   

  	
   

  	
  Title: 
  MANAGING DIRECTOR

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Name of Lender:  FOREST SPC LLC

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/ Meredith J. Koslick

  	
   

  
	
   

  	
   

  	
   

  	
  Name:

  	
  Meredith J. Koslick

  
	
   

  	
   

  	
   

  	
  Title:

  	
  Assistant Vice President

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  FORTRESS PORTFOLIO TRUST:

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  Four Corners Capital Management

  
	
   

  	
   

  	
   

  	
  LLC, as Investment Manager

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/ Adam Brown

  	
   

  
	
   

  	
   

  	
   

  	
  Name:

  	
  ADAM BROWN

  
	
   

  	
   

  	
   

  	
  Title:

  	
  Vice President

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  FOUR CORNERS CLO 2005-I, LTD.:

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  Four Corners Capital Management

  
	
   

  	
   

  	
   

  	
  LLC, as Collateral Manager

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/ Adam Brown

  	
   

  
	
   

  	
   

  	
   

  	
  Name:

  	
  ADAM BROWN

  
	
   

  	
   

  	
   

  	
  Title:

  	
  Vice President

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  FIRST TRUST/FOUR CORNERS

  SENIOR FLOATING RATE INCOME

  
	
   

  	
   

  	
  FUND:

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  Four Corners Capital Management

  
	
   

  	
   

  	
   

  	
  LLC, as Sub-Adviser

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/ Adam Brown

  	
   

  
	
   

  	
   

  	
   

  	
  Name:

  	
  ADAM BROWN

  
	
   

  	
   

  	
   

  	
  Title:

  	
  Vice President

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  FIRST TRUST/FOUR CORNERS

  SENIOR FLOATING RATE INCOME

  
	
   

  	
   

  	
  FUND II:

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  Four Corners Capital Management

  
	
   

  	
   

  	
   

  	
  LLC, as Sub-Adviser

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/ Adam Brown

  	
   

  
	
   

  	
   

  	
   

  	
  Name:

  	
  ADAM BROWN

  
	
   

  	
   

  	
   

  	
  Title:

  	
  Vice President

  
																			

 

 

	
  Franklin Floating Rate Trust

  	
   

  	
  Name of Lender:

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Franklin Floating Rate Master Series

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  FRANKLIN FLOATING RATE

  	
   

  	
  By:

  	
  /s/ Tyler Chan

  	
   

  
	
  DAILY ACCESS
  FUND

  	
   

  	
   

  	
  Name: 
  TYLER CHAN

  	
   

  
	
   

  	
   

  	
   

  	
  Title: 
  VICE PRESIDENT

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  FRANKLIN
  TEMPLETON 

  	
   

  	
  Name of Lender:

  
	
  LIM DURATION INCOME TRUST

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Franklin CLO II, Limited

  	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  Name:

  	
   

  
	
   

  	
   

  	
   

  	
  Title:

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Franklin CLO III, Limited

  	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  Name:

  	
   

  
	
   

  	
   

  	
   

  	
  Title:

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  FRANKLIN CLO IV, LIMITED

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  FriedbergMilstein Private Capital Fund I

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/ Eric Green

  	
   

  
	
   

  	
   

  	
   

  	
  Name:

  	
  Eric Green

  
	
   

  	
   

  	
   

  	
  Title:

  	
  Senior Partner

  
								

 

 

	
   

  	
   

  	
   

  	
  Gallatin Funding I Ltd.

  
	
   

  	
   

  	
   

  	
  By: Bear Stearns Asset Management Inc.

  
	
   

  	
   

  	
   

  	
  as its Collateral Manager

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/ Niell D. [ILLEGIBLE]

  	
   

  
	
   

  	
   

  	
   

  	
  Name: 
  Niell D. [ILLEGIBLE]

  
	
   

  	
   

  	
   

  	
  Title: 
  Managing Director

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Name of Lender:

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  GoldenTree Opportunities I, Limited

  
	
   

  	
   

  	
  By: GoldenTree Asset Management, LP

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/ Thomas M. O’Shea

  	
   

  
	
   

  	
   

  	
   

  	
  Name: 
  Thomas M. O’Shea

  
	
   

  	
   

  	
   

  	
  Title: 
  Portfolio Manager

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Name of Lender:

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  GoldenTree Opportunities II, Limited

  
	
   

  	
   

  	
  By: GoldenTree Asset Management, LP

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/ Thomas M. O’Shea

  	
   

  
	
   

  	
   

  	
   

  	
  Name: 
  Thomas M. O’Shea

  
	
   

  	
   

  	
   

  	
  Title: 
  Portfolio Manager

  
						

 

 

	
   

  	
   

  	
  Goldman Sachs Credit Partners:

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  Name: 
  Pedro Ramirez

  	
   

  
	
   

  	
   

  	
   

  	
  Title: 
  Authorized Signatory

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Name of Lender:

  	
  GRAYSON
  & CO

  
	
   

  	
   

  	
   

  	
  BY: BOSTON
  MANAGEMENT AND RESEARCH

  
	
   

  	
   

  	
   

  	
  AS
  INVESTMENT ADVISOR

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/ Michael B. Botthof

  	
   

  
	
   

  	
   

  	
   

  	
  Name: 
  Michael B. Botthof

  
	
   

  	
   

  	
   

  	
  Title: 
  President

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Name of Lender:

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  Grayston CLO II 2005-1 LTD.

  
	
   

  	
   

  	
   

  	
  By: 
  Bear Stearns Asset Management, Inc.,

  
	
   

  	
   

  	
   

  	
  As its Collateral Manager

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/ Niell D. [ILLEGIBLE]

  	
   

  
	
   

  	
   

  	
   

  	
  Name: Niell D. [ILLEGIBLE]

  
	
   

  	
   

  	
   

  	
  Title: 
  Managing Director

  
										

 

 

	
  Documents.

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  GSC PARTNERS CDO FUND V, LIMITED

  
	
   

  	
   

  	
  By: GSCP (NJ), L.P., as Collateral Manager

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/ Alexander B. Wright

  	
   

  
	
   

  	
   

  	
   

  	
  Name:

  	
  Alexander B. Wright

  
	
   

  	
   

  	
   

  	
  Title:

  	
  Authorized Signatory

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  GSC PARTNERS GEMINI FUND LIMITED

  
	
   

  	
   

  	
  By: GSCP (NJ), L.P., as a Collateral
  Monitor

  
	
   

  	
   

  	
  By: GSCP (NJ), INC., its General Partner

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/ Alexander B. Wright

  	
   

  
	
   

  	
   

  	
   

  	
  Name:

  	
  Alexander B. Wright

  
	
   

  	
   

  	
   

  	
  Title:

  	
  Authorized Signatory

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Name of Lender:

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  GULF STREAM-COMPASS CLO 2002-1 LTD

  
	
   

  	
   

  	
   

  	
  By: Gulf Stream Asset Management LLC

  
	
   

  	
   

  	
   

  	
  As Collateral Manager

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/ Barry K. Love

  	
   

  
	
   

  	
   

  	
   

  	
  Name:

  	
  Barry K. Love

  
	
   

  	
   

  	
   

  	
  Title:

  	
  Chief Credit Officer

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Name of Lender:

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  [ILLEGIBLE]

  	
   

  
	
   

  	
   

  	
   

  	
  By: Gulf Stream Asset Management LLC

  
	
   

  	
   

  	
   

  	
  As Collateral Manager

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/ Barry K. Love

  	
   

  
	
   

  	
   

  	
   

  	
  Name:

  	
  Barry K. Love

  
	
   

  	
   

  	
   

  	
  Title:

  	
  Chief Credit Officer

  
											

 

 

	
   

  	
  Hamilton Floating Rate Fund, LLC

  	
   

  	 

	
   

  	
   

  	
   

  	 

	
   

  	
   

  	
   

  	 

	
   

  	
  By:

  	
  /s/ Dean Stephan

  	
   

  
	
   

  	
   

  	
  Name:

  	
  DEAN STEPHAN

  	
   

  
	
   

  	
   

  	
  Title:

  	
  MANAGING DIRECTOR

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Name of Lender:

  	
   

  	 

	
   

  	
  Harbour View CLO IV, Ltd.

  	
   

  	
   

  	 

	
   

  	
   

  	
   

  	 

	
   

  	
   

  	
   

  	 

	
   

  	
  By:

  	
  /s/ David Foxhoven

  	
   

  
	
   

  	
   

  	
  Name:

  	
  David Foxhoven

  	
   

  
	
   

  	
   

  	
  Title:

  	
  Vice President

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Name of Lender:

  	
   

  	 

	
   

  	
  Harbour View CLO V, Ltd.

  	
   

  	
   

  	 

	
   

  	
   

  	
   

  	 

	
   

  	
   

  	
   

  	 

	
   

  	
  By:

  	
  /s/ David Foxhoven

  	
   

  
	
   

  	
   

  	
  Name:

  	
  David Foxhoven

  	
   

  
	
   

  	
   

  	
  Title:

  	
  Vice President

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Name of Lender:

  	
   

  	 

	
   

  	
  Harbour Town Funding LLC

  	
   

  	
   

  	 

	
   

  	
   

  	
   

  	 

	
   

  	
   

  	
   

  	 

	
   

  	
  By:

  	
  /s/ Meredith J. Koslick

  	
   

  
	
   

  	
   

  	
  Name:

  	
  Meredith J. Koslick

  	
   

  
	
   

  	
   

  	
  Title:

  	
  Assistant Vice President

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
												

 

	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Name of Lender:

  	
   

  	 

	
   

  	
  Harch CLO II Limited

  	
   

  	
   

  	 

	
   

  	
   

  	
   

  	 

	
   

  	
   

  	
   

  	 

	
   

  	
  By:

  	
  /s/ Michael E. Lewitt

  	
   

  
	
   

  	
   

  	
  Name:

  	
  Michael E. Lewitt

  	
   

  
	
   

  	
   

  	
  Title:

  	
  AUTHORIZED SIGNATORY

  	
   

  
										

 

 

 

	
   

  	
  HARRIS TRUST AND SAVINGS BANK

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Steven J. Turley

  	
   

  
	
   

  	
  Name:

  	
  Steven J. Turley

  
	
   

  	
  Title:

  	
  Managing Director

  
					

 

 

	
   

  	
  Hewett’s Island CDO, Ltd.

  
	
   

  	
  By:

  	
  CypressTree Investment Management Company, Inc.

  
	
   

  	
   

  	
  as Portfolio Manager.

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Jeffrey Megar

  	
   

  
	
   

  	
  Name:

  	
  Jeffrey Megar

  
	
   

  	
  Title:

  	
  Managing Director

  
					

 

 

	
   

  	
  Hewett’s Island CLO II, Ltd.

  
	
   

  	
  By:

  	
  CypressTree Investment Management Company, Inc.,

  
	
   

  	
   

  	
  as Portfolio Manager.

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Jeffrey Megar

  	
   

  
	
   

  	
  Name:

  	
  Jeffrey Megar

  
	
   

  	
  Title:

  	
  Managing Director

  
					

 

 

	
   

  	
  Name of Lender: HSBC BANK USA, N.A.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Paul Lopez

  	
   

  
	
   

  	
  Name:

  	
  Paul Lopez

  
	
   

  	
  Title:

  	
  SVP

  
					

 

 

	
   

  	
  Name of Lender: ING Capital LLC

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Kunduck Moon

  	
   

  
	
   

  	
  Name:

  	
  Kunduck Moon

  
	
   

  	
  Title:

  	
  Managing Director

  
					

 

 

	
   

  	
  ING SENIOR INCOME FUND

  
	
   

  	
  By:

  	
  ING Investment Management, Co.

  	
   

  
	
   

  	
   

  	
  as its investment manager

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Ralph E. Bucher

  	
   

  
	
   

  	
  Name:

  	
  Ralph E. Bucher

  
	
   

  	
  Title:

  	
  Vice President

  
					

 

 

	
   

  	
  ING PRIME RATE TRUST

  
	
   

  	
  By:

  	
  ING Investment Management, Co.

  	
   

  
	
   

  	
   

  	
  as its investment manager

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Ralph E. Bucher

  	
   

  
	
   

  	
  Name:

  	
  Ralph E. Bucher

  
	
   

  	
  Title:

  	
  Vice President

  
					

 

 

	
   

  	
  INVESTORS BANK & TRUST COMPANY AS SUB-CUSTODIAN AGENT OF

  CYPRESSTREE INTERNATIONAL LOAN HOLDING COMPANY LIMITED.

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Jeffrey Megar

  	
   

  
	
   

  	
  Name:

  	
  Jeffrey Megar

  
	
   

  	
  Title:

  	
  Managing Director

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Preston I. Carnes

  	
   

  
	
   

  	
  Name:

  	
  Preston I. Carnes, Jr.

  
	
   

  	
  Title:

  	
  Managing Director

  
						

 

 

	
   

  	
  Name of Lender: Trust Company of the West

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  Jefferson - Pilot Life Insurance Company

  By: TCW Advisors, Inc., as its Investment Advisor

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Richard F. Kurth

  	
   

  
	
   

  	
  Name:

  	
  RICHARD F. KURTH

  
	
   

  	
  Title:

  	
  SENIOR VICE PRESIDENT

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Jonathan R. Insull

  	
   

  
	
   

  	
  Name:

  	
  JONATHAN R. INSULL

  
	
   

  	
  Title:

  	
  MANAGING DIRECTOR

  
						

 

 

	
   

  	
  Name of Lender:

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  Jissekikun Funding, Ltd.

  	
   

  
	
   

  	
  By:

  	
  Pacific Investment Management Company LLC,

  as its Investment Advisor

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Mohan V. Phansalkar

  	
   

  
	
   

  	
  Mohan V. Phansalkar

  
	
   

  	
  Managing Director

  
								

 

 

	
   

  	
  Name of Lender: 

  	
  KG CLO I LIMITED

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ [ILLEGIBLE]

  	
   

  
	
   

  	
  Name:

  	
   

  
	
   

  	
  Title:

  	
   

  
						

 

 

	
   

  	
  Name of Lender:

  	
   

  
	
   

  	
  KZH CRESCENT-3 LLC

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Dorian Herrera

  	
   

  
	
   

  	
  Name:

  	
  DORIAN HERRERA

  
	
   

  	
  Title:

  	
  AUTHORIZED AGENT

  
						

 

 

	
   

  	
  Name of Lender:

  	
   

  
	
   

  	
  KZH CYPRESSTREE-1 LLC

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Dorian Herrera

  	
   

  
	
   

  	
  Name:

  	
  DORIAN HERRERA

  
	
   

  	
  Title:

  	
  AUTHORIZED AGENT

  
						

 

 

	
   

  	
  Name of Lender:

  	
   

  
	
   

  	
  KZH STERLING LLC

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Dorian Herrera

  	
   

  
	
   

  	
  Name:

  	
  DORIAN HERRERA

  
	
   

  	
  Title:

  	
  AUTHORIZED AGENT

  
						

 

 

	
  Name of Lender: LAGUNA FUNDING LLC

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Meredith J. Koslick

  	
   

  
	
   

  	
  Name:

  	
  Meredith J. Koslick

  
	
   

  	
  Title:

  	
  Assistant Vice President

  
					

 

 

	
   

  	
  Landmark CDO Limited

  	
   

  
	
   

  	
  By:

  	
  Aladdin Capital Management LLC]

  	
   

  
	
   

  	
   

  	
  as Manager

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Joseph Moroney

  	
   

  
	
   

  	
  Name:

  	
  Joseph Moroney, CFA

  
	
   

  	
  Title:

  	
  Authorized Signatory

  
					

 

 

	
   

  	
  Landmark II CDO Limited

  	
   

  
	
   

  	
  By:

  	
  Aladdin Capital Management LLC]

  	
   

  
	
   

  	
   

  	
  as Manager

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Joseph Moroney

  	
   

  
	
   

  	
  Name:

  	
  Joseph Moroney, CFA

  
	
   

  	
  Title:

  	
  Authorized Signatory

  
					

 

 

	
   

  	
  Landmark III CDO Limited

  	
   

  
	
   

  	
  By:

  	
  Aladdin Capital Management LLC]

  	
   

  
	
   

  	
   

  	
  as Manager

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Joseph Moroney

  	
   

  
	
   

  	
  Name:

  	
  Joseph Moroney, CFA

  
	
   

  	
  Title:

  	
  Authorized Signatory

  
					

 

 

	
   

  	
  Landmark IV CDO Limited

  	
   

  
	
   

  	
  By:

  	
  Aladdin Capital Management LLC]

  	
   

  
	
   

  	
   

  	
  as Manager

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Joseph Moroney

  	
   

  
	
   

  	
  Name:

  	
  Joseph Moroney, CFA

  
	
   

  	
  Title:

  	
  Authorized Signatory

  
					

 

 

	
   

  	
  Landmark V CDO Limited

  	
   

  
	
   

  	
  By:

  	
  Aladdin Capital Management LLC

  	
   

  
	
   

  	
   

  	
  as Manager

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Joseph Moroney

  	
   

  
	
   

  	
  Name:

  	
  Joseph Moroney, CFA

  
	
   

  	
  Title:

  	
  Authorized Signatory

  
					

 

 

	
   

  	
  Name of Lender:

  	
   

  
	
   

  	
  Liberty View Loan Fund LLC

  	
   

  	
   

  
	
   

  	
  AS NOMINEE FOR VARIOUS Liberty View Funds

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ George T. Hartigan

  	
   

  
	
   

  	
  Name:

  	
  George T. Hartigan

  
	
   

  	
  Title:

  	
  AUTHORIZED SIGNATORY

  
							

 

 

	
   

  	
  LightPoint CLO 2004-I, Ltd.

  	
   

  
	
   

  	
  Premium Loan Trust I, Ltd.

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Thomas A. Kramer

  	
   

  
	
   

  	
  Name:

  	
  Thomas A. Kramer

  
	
   

  	
  Title:

  	
  Senior Managing Director &

  Chief Executive Officer

  
						

 

 

	
   

  	
  REFCO FINANCE HOLDINGS LLC

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  AMENDMENT #1, DATED 3/15/05

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  Name of Lender: LINCOLN NATIONAL LIFE

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Thomas Chow

  	
   

  
	
   

  	
  Thomas Chow, Vice President

  
						

 

 

	
   

  	
  Name of Lender: 

  	
  Trust Company of the West

  	
   

  	
   

  	 

	
   

  	
   

  	
   

  	 

	
   

  	
  LOAN FUNDING I LLC,

  	
   

  	 

	
   

  	
  a wholly owned subsidiary of

  Citibank, N.A.

  	
   

  	 

	
   

  	
   

  	
   

  	 

	
   

  	
   

  	
   

  	 

	
   

  	
  By: TCW Advisors, Inc.,

  	
   

  	 

	
   

  	
  as portfolio manager of

  Loan Funding I LLC

  	
   

  	 

	
   

  	
   

  	
   

  	 

	
   

  	
   

  	
   

  	 

	
   

  	
  By:

  	
  /s/ Richard F. Kurth

  	
   

  
	
   

  	
  Name:

  	
  RICHARD F. KURTH

  	
   

  
	
   

  	
  Title:

  	
  SENIOR VICE PRESIDENT

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Jonathan R. Insull

  	
   

  
	
   

  	
  Name:

  	
  JONATHAN R. INSULL

  	
   

  
	
   

  	
  Title:

  	
  MANAGING DIRECTOR

  	
   

  
								

 

 

	
   

  	
  Name of Lender:

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  Loan Funding III LLC

  	
   

  
	
   

  	
  By:

  	
  Pacific Investment Management Company LLC,

  as its Investment Advisor

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Mohan V. Phansalkar

  	
   

  
	
   

  	
  Mohan V. Phansalkar

  
	
   

  	
  Managing Director

  
									

 

 

	
  Name of Lender: LONG LANE MASTER TRUST
  IV

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Ann E. Morris

  	
   

  
	
   

  	
  Name:

  	
  ANN E. MORRIS

  
	
   

  	
  Title:

  	
  AUTHORIZED AGENT

  
						

 

 

	
   

  	
  Name of Lender: MCG Capital Corportion

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Thomas P. McLoughlin

  	
   

  
	
   

  	
  Name:

  	
  Thomas P. McLoughlin

  
	
   

  	
  Title:

  	
  Vice President

  
						

 

 

	
   

  	
  Name of Lender:

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Monument Park CDO Ltd.

  	
   

  
	
   

  	
  By: Blackstone Debt Advisors L.P.

  	
   

  
	
   

  	
  As Collateral Manager

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Dean Criares

  	
   

  
	
   

  	
  Name:

  	
  Dean Criares

  
	
   

  	
  Title:

  	
  Managing Director

  
							

 

 

	
   

  	
  Name of Lender:

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Loan Funding VI LLC, for itself or as agent

  	
   

  
	
   

  	
  for Corporate Loan Funding VI LLC

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Dean Criares

  	
   

  
	
   

  	
  Name:

  	
  Dean Criares

  
	
   

  	
  Title:

  	
  Managing Director

  
							

 

 

	
   

  	
  Name of Lender:

  	
   

  
	
   

  	
  Morgan Stanley Prime Income Trust,

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Elizabeth Bodisch

  	
   

  
	
   

  	
  Name:

  	
  Elizabeth Bodisch

  
	
   

  	
  Title:

  	
  Authorized Signatory

  
						

 

 

	
   

  	
  Name of Lender: 

  	
  Mountain Capital CLO III Ltd

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Chris Siddons

  	
   

  
	
   

  	
  Name:

  	
  Chris Siddons

  
	
   

  	
  Title:

  	
  Director

  
							

 

 

	
   

  	
  Name of Lender: 

  	
  Mountain Capital CLO 11 Ltd

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Chris Siddons

  	
   

  
	
   

  	
  Name:

  	
  Chris Siddons

  
	
   

  	
  Title:

  	
  Director

  
							

 

 

	
   

  	
  Name of Lender:

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  New York Life Insurance Company

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Anthony R. Malby

  	
   

  
	
   

  	
  Name:

  	
  Anthony R. Malby

  
	
   

  	
  Title:

  	
  VICE PRESIDENT

  
						

 

 

	
   

  	
  Name of Lender:

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  New York Life Insurance and Annuity

  Corporation

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  New York Life Investment

  Management, LLC, its Investment

  Manager

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Anthony R. Malby

  	
   

  
	
   

  	
  Name:

  	
  Anthony R. Malby

  
	
   

  	
  Title:

  	
  Managing Director

  
						

 

 

	
   

  	
  Name of Lender:

  	
  THE MORINCHUKIN BANK, NEW YORK BRANCH,

  
	
   

  	
   

  	
  through State Street Bank and Trust Company N.A. as

  
	
   

  	
   

  	
  Fiduciary Custodian

  
	
   

  	
   

  	
  By: Eaton Vance Management, Attorney-in-fact

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Michael B. Botthof

  	
   

  
	
   

  	
  Name:

  	
  Michael B. Botthof

  
	
   

  	
  Title:

  	
  Vice President

  
						

 

 

	
   

  	
  Name of Lender:

  	
  NORTHWOODS CAPITAL III, LIMITED

  
	
   

  	
   

  	
  BY: ANGELO, GORDON & CO., L.P.,

  
	
   

  	
   

  	
  AS COLLATERAL MANAGER

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ John W. Fraser

  	
   

  
	
   

  	
  Name:

  	
  JOHN W. FRASER

  
	
   

  	
  Title:

  	
  MANAGING DIRECTOR

  
						

 

 

	
   

  	
  Name of Lender:

  	
  NORTHWOODS CAPITAL IV, LIMITED

  
	
   

  	
   

  	
  BY: ANGELO, GORDON & CO., L.P.,

  
	
   

  	
   

  	
  AS COLLATERAL MANAGER

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ John W. Fraser

  	
   

  
	
   

  	
  Name:

  	
  JOHN W. FRASER

  
	
   

  	
  Title:

  	
  MANAGING DIRECTOR

  
						

 

 

	
   

  	
  Name of Lender:

  
	
   

  	
   

  	
   

  
	
   

  	
  NYLIM Flatiron CLO 2004-1 Ltd.

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  New York Life Investment

  
	
   

  	
   

  	
  Management, LLC, as Collateral

  
	
   

  	
   

  	
  Manager and Attorney-In-Fact

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Anthony R. Malby

  
	
   

  	
  Name:

  	
  Anthony R. Malby

  
	
   

  	
  Title:

  	
  Managing Director

  
				

 

 

	
   

  	
  Name of Lender:

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  Mainatay Floating Rate Fund, a series of

  Eclipse Funds Inc.

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  New York Life Investment

  	
   

  
	
   

  	
   

  	
  Management LLC

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Anthony R. Malby

  	
   

  
	
   

  	
  Name:

  	
  Anthony R. Malby

  
	
   

  	
  Title:

  	
  MANAGING DIRECTOR

  
						

 

 

	
   

  	
  Name of Lender:

  	
   

  
	
   

  	
  OLYMPIC CLO I

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ John M. Casparian

  	
   

  
	
   

  	
  Name:

  	
  John M. Casparian

  
	
   

  	
  Title:

  	
  Chief Operating Officer,

  Centre Pacific LLC (Manager)

  
						

 

 

	
   

  	
  Name of Lender:

  	
   

  
	
   

  	
  SIERRA CLO I

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ John M. Casparian

  	
   

  
	
   

  	
  Name:

  	
  John M. Casparian

  
	
   

  	
  Title:

  	
  Chief Operating Officer,

  Centre Pacific LLC (Manager)

  
						

 

 

	
   

  	
  Name of Lender:

  	
   

  
	
   

  	
  WHITNEY CLO I

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ John M. Casparian

  	
   

  
	
   

  	
  Name:

  	
  John M. Casparian

  
	
   

  	
  Title:

  	
  Chief Operating Officer,

  Centre Pacific LLC (Manager)

  
						

 

 

	
   

  	
  Name of Lender:

  	
   

  
	
   

  	
  Oppenheimer Senior Floating Rate Fund

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ David Foxhoven

  	
   

  
	
   

  	
  Name:

  	
  David Foxhoven

  
	
   

  	
  Title:

  	
  Vice President

  
						

 

 

	
   

  	
  Name of Lender:

  
	
   

  	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  PIMCO Floating Income Fund

  
	
   

  	
  By:

  	
  Pacific Investment Management Company LLC,

  as its Investment Advisor, acting through Investors

  Fiduciary Trust Company in the Nominee Name of IFTCO

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Mohan V. Phansalkar

  	
   

  
	
   

  	
   

  	
  Mohan V. Phansalkar

  
	
   

  	
   

  	
  Managing Director

  
									

 

 

	
   

  	
  Name of
  Lender:

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  PIMCO Floating Rate Income Fund

  	
   

  
	
   

  	
  By:

  	
  Pacific Investment Management Company LLC,

  as its Investment Advisor, acting through Investors

  Fiduciary Trust Company in the Nominee Name of IFTCO

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Mohan V. Phansalkar

  	
   

  
	
   

  	
   

  	
  Mohan V. Phansalkar

  
	
   

  	
   

  	
  Managing Director

  
									

 

 

	
   

  	
  Name of
  Lender:

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  PIMCO Floating Rate Strategy Fund

  	
   

  
	
   

  	
  By:

  	
  Pacific Investment Management Company LLC,

  as its Investment Advisor, acting through Investors

  Fiduciary Trust Company in the Nominee Name of IFTCO

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Mohan V. Phansalkar

  	
   

  
	
   

  	
   

  	
  Mohan V. Phansalkar

  
	
   

  	
   

  	
  Managing Director

  
									

 

 

	
   

  	
  Name of
  Lender:

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  Protective Life Insurance Company

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Diane S. Griswold

  	
   

  
	
   

  	
  Name: 

  	
  Diane S. Griswold

  
	
   

  	
  Title:

  	
  AVP

  
							

 

 

	
   

  	
  Sankaty High
  Yield Asset Partners II, L.P.

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Jeffrey Hawkins

  	
   

  
	
   

  	
  Name: 

  	
  JEFFREY HAWKINS

  
	
   

  	
  Title:

  	
  SENIOR VICE PRESIDENT

  
							

 

 

	
   

  	
  Sankaty Advisors, LLC as Collateral

  Manager for Loan Funding XI LLC,

  as Term Lender

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Jeffrey Hawkins

  	
   

  
	
   

  	
  Name: 

  	
  JEFFREY HAWKINS

  
	
   

  	
  Title:

  	
  SENIOR VICE PRESIDENT

  
					

 

 

	
   

  	
  By:

  	
  /s/ Jeffrey Hawkins

  	
   

  
	
   

  	
  Name: 

  	
   

  
	
   

  	
  Title:

  	
   

  
					

 

 

	
   

  	
  Sankaty Advisors, LLC as Collateral

  Manager for Race Point CLO, Limited,

  as Term Lender

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Jeffrey Hawkins

  	
   

  
	
   

  	
  Name: 

  	
  JEFFREY HAWKINS

  
	
   

  	
  Title:

  	
  SENIOR VICE PRESIDENT

  
					

 

 

	
   

  	
  Sankaty Advisors, LLC as Collateral

  Manager for Castle Hill I - INGOTS,

  Ltd., as Term Lender

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Jeffrey Hawkins

  	
   

  
	
   

  	
  Name: 

  	
  JEFFREY HAWKINS

  
	
   

  	
  Title:

  	
  SENIOR VICE PRESIDENT

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Jeffrey Hawkins

  	
   

  
	
   

  	
   

  	
  Name:

  	
   

  
	
   

  	
   

  	
  Title:

  	
   

  
					

 

 

	
   

  	
  Sankaty Advisors, LLC as Collateral

  Manager for Race Point II CLO,

  Limited, as Term Lender

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Jeffrey Hawkins

  	
   

  
	
   

  	
  Name: 

  	
  JEFFREY HAWKINS

  
	
   

  	
  Title:

  	
  SENIOR VICE PRESIDENT

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Sankaty High Yield Partners III, L.P.

  
	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Jeffrey Hawkins

  	
   

  
	
   

  	
   

  	
  Name:

  	
  JEFFREY HAWKINS

  	
   

  
	
   

  	
   

  	
  Title:

  	
  SENIOR VICE PRESIDENT

  	
   

  

 

 

	
   

  	
  By:

  	
  /s/ Jeffrey Hawkins

  	
   

  
	
   

  	
   

  	
  Name:

  	
   

  
	
   

  	
   

  	
  Title:

  	
   

  

 

 

	
   

  	
  Name of Lender:

  
	
   

  	
  Satellite Senior Income Fund II, LLC

  	
   

  
	
   

  	
  BY SATELLITE ASSEST MANAGEMENT, L.P.

  ITS INVESTMENT MANAGER

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Matthew N. DesChamps

  	
   

  
	
   

  	
  Name: 

  	
  Matthew N. DesChamps

  
	
   

  	
  Title:

  	
  Chief Financial Officer

  
						

 

 

	
   

  	
  Name of Lender:

  
	
   

  	
  [ILLEGIBLE]

  	
   

  
	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Tony O’Brien

  	
   

  
	
   

  	
   

  	
  Name: TONY O’BRIEN

  	
   

  
	
   

  	
   

  	
  Title:   Senior Manager

  	
   

  
					

 

 

	
   

  	
  SECURITY INCOME FUND-INCOME

  
	
   

  	
  OPPORTUNITY SERIES:

  
	
   

  	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  Four Corners Capital Management

  LLC, as Sub-Adviser

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Adam Brown

  	
   

  
	
   

  	
   

  	
  Name:

  	
  ADAM BROWN

  
	
   

  	
   

  	
  Title:

  	
  Vice President

  
						

 

 

	
  Name of Lender: SEMINOLE FUNDING LLC

  	
   

  
	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Meredith J. Koslick

  	
   

  
	
   

  	
   

  	
  Name:

  	
  Meredith J. Koslick

  
	
   

  	
   

  	
  Title:

  	
  Assistant Vice President

  
					

 

 

	
   

  	
  Name of Lender:

  	
  SENIOR DEBT PORTFOLIO

  	
   

  
	
   

  	
   

  	
  By: Boston Management and Research

  as Investment Advisor

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Michael B. Botthof

  	
   

  
	
   

  	
   

  	
  Name:

  	
  Michael B. Botthof

  
	
   

  	
   

  	
  Title:

  	
  Vice President

  
							

 

 

	
   

  	
  Name of Lender:

  
	
   

  	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  SEQUILS-MAGNUM, LTD.

  
	
   

  	
  By:

  	
  Pacific Investment Management Company LLC,

  as its Investment Advisor

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   By:

  	
  /s/ Mohan V. Phansalkar

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
  Mohan V. Phansalkar

  
	
   

  	
   

  	
   

  	
   

  	
  Managing Director

  
							

 

 

	
   

  	
  Name of Lender:

  	
       Sierra CLO

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ John M. Casparian

  	
   

  
	
   

  	
   

  	
  Name:

  	
  John M. Casparian

  
	
   

  	
   

  	
  Title:

  	
  Chief Operating Officer

  Centre Pacific, Manager 

  
							

 

 

	
   

  	
  Name of Lender:

  	
       Olympic CLO I

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ John M. Casparian

  	
   

  
	
   

  	
   

  	
  Name:

  	
  John M. Casparian

  
	
   

  	
   

  	
  Title:

  	
  Chief Operating Officer

  Centre Pacific, Manager 

  
							

 

 

	
   

  	
  Name of Lender:

  	
       Whitney CLO I

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ John M. Casparian

  	
   

  
	
   

  	
   

  	
  Name:

  	
  John M. Casparian

  
	
   

  	
   

  	
  Title:

  	
  Chief Operating Officer

  Centre Pacific, Manager 

  
							

 

 

	
   

  	
  SIMSBURY CLO, LIMITED

  SOMERS CDO, LIMITED

  
	
   

  	
  By:

  	
  Babson Capital Management LLC

  under delegated authority from

  Massachusetts Mutual Life Insurance

  Company as Collateral Manager

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ David P. Wells

  	
   

  
	
   

  	
   

  	
  Name:

  	
  David P. Wells, CFA

  
	
   

  	
   

  	
  Title:

  	
  Managing Director

  
					

 

 

	
   

  	
  Name of Lender:

  
	
   

  	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  Southport CLO, Limited

  
	
   

  	
  By:

  	
  Pacific Investment Management Company LLC,

  as its Investment Advisor

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/ Mohan V. Phansalkar

  	
   

  
	
   

  	
   

  	
   

  	
  Name:

  	
  Mohan V. Phansalkar

  
	
   

  	
   

  	
   

  	
  Title:

  	
  Managing Director

  
							

 

 

	
  Name of Lender: STANWICH LOAN FUNDING LLC

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/ Meredith J. Koslick

  	
   

  
	
   

  	
   

  	
   

  	
  Name:

  	
  Meredith J. Koslick

  
	
   

  	
   

  	
   

  	
  Title:

  	
  Assistant Vice President

  
						

 

 

	
   

  	
  Name of Lender:

  	
  TOLLI & CO.

  	
   

  
	
   

  	
   

  	
  BY:

  	
  EATON VANCE MANAGEMENT

  	
   

  
	
   

  	
   

  	
   

  	
  AS INVESTMENT ADVISOR

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/ Michael B. Botthof

  	
   

  
	
   

  	
   

  	
   

  	
  Name:

  	
  Michael B. Botthof

  
	
   

  	
   

  	
   

  	
  Title:

  	
  Vice President

  
									

 

 

 

	
   

  	
  Name of Lender:

  	
  Trust Company of the West

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  TCW SELECT LOAN FUND, LIMITED

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By: TCW Advisors, Inc. as its

  Collateral Manager

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Richard F. Kurth

  	
   

  	
   

  
	
   

  	
  Name:

  	
  RICHARD F. KURTH

  	
   

  
	
   

  	
  Title:

  	
  SENIOR VICE PRESIDENT

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Jonathan R. Insull

  	
   

  	
   

  
	
   

  	
  Name:

  	
  JONATHAN R. INSULL

  
	
   

  	
  Title:

  	
  MANAGING DIRECTOR

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  Name of Lender:

  	
   

  	 

	
   

  	
  Trumbull THC2 Loan Funding LLC, for

  itself or as agent for Trumbull THC2 CFPI

  Loan Funding LLC.

  	
   

  	 

	
   

  	
   

  	
   

  	 

	
   

  	
   

  	
   

  	 

	
   

  	
  By:

  	
   

  	
  /s/ Janet Haack

  	
   

  
	
   

  	
   

  	
   

  	
  Name:

  	
  JANET HAACK

  	
   

  
	
   

  	
   

  	
   

  	
  Title:

  	
  AS ATTORNEY-IN-FACT

  	
   

  
																		

 

 

	
   

  	
   

  	
  UBS AG, Stamford Branch

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/ Wilfred V. Saint

  	
   

  
	
   

  	
   

  	
   

  	
  Name:

  	
  Wilfred V. Saint

  	
   

  
	
   

  	
   

  	
   

  	
  Title:

  	
  Director

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
  Banking Products Services, US

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/ Toba Lumbantobing

  	
   

  
	
   

  	
   

  	
   

  	
  Name:

  	
  Toba Lumbantobing

  	
   

  
	
   

  	
   

  	
   

  	
  Title:

  	
  Associate Director

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
  Banking Products Services, US

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  

 

	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Name of Lender:

  	
   

  	
  Trust Company of the West

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
  VELOCITY CLO, LTD.

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By: TCW Advisors, Inc. Collateral Manager

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Richard F. Kurth

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Name:

  	
  RICHARD F. KURTH

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Title:

  	
  SENIOR VICE PRESIDENT

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Jonathan R. Insull

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Name:

  	
  JONATHAN R. INSULL

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Title:

  	
  MANAGING DIRECTOR

  	
   

  	
   

  	
   

  	
   

  

 

 

	
   

  	
  Name of Lender:

  	
   

  	 

	
   

  	
  Venture CDO 2002, Limited

  By its investment advisor, MJX Asset

  Management LLC

  	
   

  	 

	
   

  	
   

  	
   

  	 

	
   

  	
   

  	
   

  	 

	
   

  	
  By:

  	
   

  	
  /s/ Hans L. Christensen

  	
   

  
	
   

  	
   

  	
   

  	
  Name:

  	
  Hans L. Christensen

  	
   

  
	
   

  	
   

  	
   

  	
  Title:

  	
  Chief Investment Officer

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Name of Lender:

  	
   

  	 

	
   

  	
  Venture II CDO 2002, Limited

  By its investment advisor, MJX Asset

  Management LLC

  	
   

  	 

	
   

  	
   

  	
   

  	 

	
   

  	
   

  	
   

  	 

	
   

  	
  By:

  	
   

  	
  /s/ Hans L. Christensen

  	
   

  
	
   

  	
   

  	
   

  	
  Name:

  	
  Hans L. Christensen

  	
   

  
	
   

  	
   

  	
   

  	
  Title:

  	
  Chief Investment Officer

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Name of Lender:

  	
   

  	 

	
   

  	
  Venture III CDO Limited

  By its investment advisor, MJX Asset

  Management LLC

  	
   

  	 

	
   

  	
   

  	
   

  	 

	
   

  	
   

  	
   

  	 

	
   

  	
  By:

  	
   

  	
  /s/ Hans L. Christensen

  	
   

  
	
   

  	
   

  	
   

  	
  Name:

  	
  Hans L. Christensen

  	
   

  
	
   

  	
   

  	
   

  	
  Title:

  	
  Chief Investment Officer

  	
   

  
									

 

 

	
   

  	
   

  	
   

  	
  Name of Lender:

  	
   

  
	
   

  	
   

  	
   

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

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  By:

  	
  /s/ Hans L. Christensen

  
	
   

  	
   

  	
   

  	
   

  	
  Name:

  	
  Hans L. Christensen

  
	
   

  	
   

  	
   

  	
   

  	
  Title:

  	
  Chief Investment Officer

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  Name of Lender: Veritas CLO I, Ltd.

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  By:

  	
  /s/ John Randolph [ILLEGIBLE]

  
	
   

  	
   

  	
   

  	
   

  	
  Name:

  	
  John Randolph [ILLEGIBLE]

  
	
   

  	
   

  	
   

  	
   

  	
  Title:

  	
  Executive Director

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  Name of Lender:

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  Waveland – INGOTS, LTD.

  
	
   

  	
   

  	
   

  	
  By:

  	
  Pacific Investment Management Company LLC, as its Investment Advisor

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
  By:

  	
  /s/ Mohan V. Phansalkar

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
  Mohan V. Phansalkar

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
  Managing Director

  
							

 

 

	
   

  	
   

  	
   

  	
  Name of Lender:

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  WB Loan Funding 2 LLC

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  By:

  	
  /s/ Diana M. Himes

  
	
   

  	
   

  	
   

  	
   

  	
  Name:

  	
  Diana M. Himes

  
	
   

  	
   

  	
   

  	
   

  	
  Title:

  	
  Associate

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  Name of Lender:

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  WESTERN ASSET FLOATING RATE HIGH INCOME FUND

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  By:

  	
  /s/ TJ SETTEL

  
	
   

  	
   

  	
   

  	
   

  	
  Name:

  	
  TJ SETTEL

  
	
   

  	
   

  	
   

  	
   

  	
  Title:

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  Name of Lender:

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  WIND RIVER CLO I LTD.

  
	
   

  	
   

  	
   

  	
  By McDonnell Investment Management, LLC, as Manager

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  By:

  	
  /s/ Kathleen A. Zarn

  
	
   

  	
   

  	
   

  	
   

  	
  Name:

  	
  Kathleen A. Zarn

  
	
   

  	
   

  	
   

  	
   

  	
  Title:

  	
  Vice President

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  Name of Lender:

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  Wrigley CDO, Ltd.

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  By:

  	
  Pacific Investment Management Company LLC, as its Investment Advisor

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
  By:

  	
  /s/ Mohan V. Phansalkar

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
  Mohan V. Phansalkar

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
  Managing Director

  
								

 

 

EXHIBIT
A

 

EXHIBIT C-1

 

FORM OF TERM B NOTE

 

 

 

FOR VALUE RECEIVED, the undersigned (the “Borrower”), hereby promises to pay to                           
or its registered assigns (the “Term B Lender”),
in accordance with the provisions of the Agreement (as hereinafter defined),
the aggregate unpaid principal amount of each Term B Loan made by the Term B
Lender to the Borrower under that certain Credit Agreement, dated as of August 5,
2004 (as amended, restated, extended, supplemented or otherwise modified in
writing from time to time, the “Agreement”; the
terms defined therein being used herein as therein defined), among Refco Group
Ltd., LLC, a Delaware limited liability company and successor by merger to
Refco Finance Holdings LLC, New Refco Group Ltd., LLC, a Delaware limited
liability company, the Lenders from time to time party thereto, Bank of
America, N.A., as Administrative Agent, L/C Issuer and Swing Line Lender, and
the other Agents named therein.

 

The Borrower promises to pay interest on the aggregate
unpaid principal amount of each Term B Loan made by the Term B Lender to the
Borrower under the Agreement from the date of such Term B Loan until such
principal amount is paid in full, at such interest rates and at such times as
provided in the Agreement.  All payments
of principal and interest shall be made to the Administrative Agent for the
account of the Term B Lender in Dollars in immediately available funds.  If any amount is not paid in full when due
hereunder, such unpaid amount shall bear interest, to be paid upon demand, from
the due date thereof until the date of actual payment (and before as well as
after judgment) computed at the per annum rate set forth in the Agreement.

 

This Term B Note is one of the Term B Notes referred
to in the Agreement, is entitled to the benefits thereof and may be prepaid in
whole or in part subject to the terms and conditions provided therein.  This Term B Note is also entitled to the
benefits of the Parent Guaranty and the Subsidiary Guaranty and is secured by
the Collateral. Upon the occurrence and continuation of one or more of the
Events of Default specified in the Agreement, all amounts then remaining unpaid
on this Term B Note shall become, or may be declared to be, immediately due and
payable all as provided in the Agreement. 
Term B Loans made by the Term B Lender shall be evidenced by one or more
loan accounts or records maintained by the Term B Lender in the ordinary course
of business.  The Term B Lender may also
attach schedules to this Term B Note and endorse thereon the date, amount and
maturity of its Term B Loans and payments with respect thereto.

 

 

The Borrower, for itself and its successors and
assigns, hereby waives diligence, presentment, protest and demand and notice of
protest, demand, dishonor and non-payment of this Term B Note.

 

                THIS
TERM B NOTE SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF
THE STATE OF NEW YORK.

 

 

	
   

  	
  REFCO GROUP LTD., LLC

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
   

  	
  Name:

  
	
   

  	
   

  	
  Title:

  

 

 

TERM B LOANS AND PAYMENTS
WITH RESPECT THERETO

 

	
  Date

  	
   

  	
  Type of

  Term B

  Loan Made

  	
   

  	
  Amount of

  Term B

  Loan Made

  	
   

  	
  End of

  Interest

  Period

  	
   

  	
  Amount of

  Principal or

  Interest Paid

  This Date

  	
   

  	
  Outstanding

  Principal

  Balance This

  Date

  	
   

  	
  Notation

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EXHIBIT B

 

Each of the undersigned hereby consents to the foregoing Amendment and
hereby confirms and agrees that (a) notwithstanding the effectiveness of
such Amendment, each Loan Document to which it is party is, and shall continue
to be, in full force and effect and is hereby ratified and confirmed in all
respects, except that, on and after the effectiveness of such Amendment, each
reference in the Loan Documents to the “Credit Agreement”, “thereunder”, “thereof”
or words of like import shall mean and be a reference to the Credit Agreement
as amended by such Amendment and (b) the Collateral Documents to which
each of the undersigned is a party and all of the Collateral described therein
do, and shall continue to, secure the payment of all of the Secured Obligations
(in each case, as defined therein) except to the extent limited by the terms of
the Collateral Documents.

 

 

	
   

  	
  [GUARANTORS]

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
   

  	
  Name:

  
	
   

  	
   

  	
  Title:

  

 

 

SUBSIDIARY
GUARANTOR CONSENT

 

Each of the undersigned hereby consents to the foregoing Amendment and
hereby confirms and agrees that (a) notwithstanding the effectiveness of
such Amendment, each Loan Document to which it is party is, and shall continue
to be, in full force and effect and is hereby ratified and confirmed in all
respects, except that, on and after the effectiveness of such Amendment, each
reference in the Loan Documents to the “Credit Agreement”, “thereunder”,
“thereof” or words of like import shall mean and be a reference to the Credit
Agreement as amended by such Amendment and (b) the Collateral Documents to
which each of the undersigned is a party and all of the Collateral described
therein do, and shall continue to, secure the payment of all of the Secured
Obligations (in each case, as defined therein) except to the extent limited by
the terms of the Collateral Documents.

 

BERSEC INTERNATIONAL LLC

KROECK & ASSOCIATES LLC

LIND-WALDOCK SECURITIES, LLC

MARSHALL METALS, LLC

MARKET EDUCATIONAL INSTITUTE, LLC

REFCO ADMINISTRATION, LLC

REFCO CAPITAL LLC

REFCO CAPITAL HOLDINGS, LLC

REFCO CAPITAL MANAGEMENT, LLC

REFCO CAPITAL TRADING LLC

REFCO FINANCIAL, LLC

REFCO FIXED ASSETS MANAGEMENT, LLC

REFCO F/X ASSOCIATES, LLC

REFCO GLOBAL CAPITAL MANAGEMENT LLC

REFCO GLOBAL FUTURES, LLC

REFCO GLOBAL HOLDINGS, LLC

REFCO INFORMATION SERVICES, LLC

REFCO MANAGED FUTURES, LLC

REFCO MORTGAGE SECURITIES, LLC

REFCO REGULATED COMPANIES, LLC

SUMMIT MANAGEMENT, (NEWCO) LLC

WESTMINSTER-REFCO MANAGEMENT LLC

 

	
   

  	
  By:

  	
  /s/ PHILLIP BENNETT

  	
   

  
	
   

  	
   

  	
  Name:

  	
  Phillip Bennett

  
	
   

  	
   

  	
  Title:

  	
  President

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00085-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00085-of-00352.parquet"}]]