Document:

Exh101SixthAmendmentCA

EXECUTION VERSION

AMENDMENT NO. 6 TO CREDIT AGREEMENT

AMENDMENT NO. 6 TO CREDIT AGREEMENT, dated as of May 16, 2014 (this “Amendment”), is entered into by and among Zayo Group, LLC, a Delaware limited liability company (“Zayo Group”), Zayo Capital, Inc., a Delaware corporation (“Zayo Capital”; and together with Zayo Group, the “Borrowers”), Morgan Stanley Senior Funding, Inc., as term facility administrative agent (the “Term Facility Administrative Agent”), SunTrust Bank, as revolving facility administrative agent (the “Revolving Facility Administrative Agent” and, together with the Term Facility Administrative Agent, the “Administrative Agents”) and the undersigned lenders. 
PRELIMINARY STATEMENTS:
WHEREAS, the Borrowers, certain subsidiaries thereof, the Administrative Agents and the Lenders entered into that certain Credit Agreement, dated as of July 2, 2012 (as amended by that certain Amendment No. 1 to Credit Agreement, dated as of July 17, 2012, that certain Amendment No. 2 to Credit Agreement, dated as of October 5, 2012, that certain Amendment No. 3 to Credit Agreement, dated as of February 1, 2013, that certain Amendment No. 4 to Credit Agreement, dated as of February 27, 2013, and that certain Amendment No. 5 to Credit Agreement, dated as of November 26, 2013, the “Credit Agreement”; capitalized terms not otherwise defined in this Amendment have the same meanings as specified in the Credit Agreement);

WHEREAS, the Borrowers have requested that certain financial institutions signatory hereto (in such capacity, the “Sixth Amendment Incremental Term Lenders”) collectively provide commitments (the “Sixth Amendment Incremental Term Loan Commitments”) hereunder, and make Incremental Term Loans pursuant thereto, in an aggregate principal amount equal to $275,000,000 (the “Aggregate Incremental Term Loan Commitment”) on the Effective Date (as defined below), the proceeds of which will be used for the general corporate purposes of the Borrowers, and each Sixth Amendment Incremental Term Lender is prepared to make a portion of such Aggregate Incremental Term Loan Commitment, and to provide a portion of the Incremental Term Loans pursuant thereto, in the respective amounts set forth on Schedule 1 hereto, in each case subject to the other terms and conditions set forth herein;

WHEREAS, as used herein, “Lead Arrangers” means Barclays Bank PLC, RBC Capital Markets and Morgan Stanley Senior Funding, Inc. in their capacities as joint lead arrangers and joint bookrunners for this Amendment; 

WHEREAS, the Borrower Parties, the Sixth Amendment Incremental Term Lenders and the Administrative Agent are entering into this Agreement in order to evidence such Sixth Amendment Incremental Term Loan Commitments and such Incremental Term Loans, which are to be made in accordance with Section 2.17 of the Credit Agreement.

WHEREAS, in accordance with Section 2.17 of the Credit Agreement, the Borrowers and the Administrative Agents have agreed to amend the Credit Agreement as hereinafter set forth to effect the provisions of Section 2.17 of the Credit Agreement with respect to the Sixth Amendment Incremental Term Loans;

NOW, THEREFORE, in consideration of the premises and for other good and valuable consideration (the receipt and sufficiency of which are hereby acknowledged), the parties hereto hereby agree as follows:

 NY\6293685.6

EXECUTION VERSION

SECTION 1.Amendments to Credit Agreement. The Credit Agreement is, effective as of the date hereof and subject to the satisfaction of the conditions precedent set forth in Section 4, hereby amended as follows:  

(a)Schedule 1.01(a) of the Credit Agreement is hereby amended by adding the below to the immediate end thereof: 
	
			
	Sixth Amendment Incremental Term Loans

	Lender
	Sixth Amendment Incremental Term Loan Commitment
	Aggregate Commitment
Ratio

	Barclays Bank PLC
	$275,000,000
	100%

	Totals
	$275,000,000
	100.000000%

(b)Section 1.1 of the Credit Agreement shall be amended by adding the following new definitions thereto in proper alphabetical order:

“Sixth Amendment” means that certain Amendment No. 6 to Credit Agreement, dated as of May 16, 2014, among the Borrowers, the Administrative Agents and certain Lenders.
“Sixth Amendment Effective Date” means the date on which all of the conditions contained in Section 4 of the Sixth Amendment have been satisfied or waived by the Sixth Amendment Incremental Term Lenders.

“Sixth Amendment Incremental Term Lenders” shall mean each Lender with a Sixth Amendment Incremental Term Loan Commitment.

“Sixth Amendment Incremental Term Loan Commitment” shall mean the several obligations of the Sixth Amendment Incremental Term Lenders to advance the aggregate amount of $275,000,000 to the Borrowers on the Sixth Amendment Effective Date, pursuant to the terms of this Agreement.

“Sixth Amendment Incremental Term Loan Facility” shall mean the Sixth Amendment Incremental Term Loan Commitments and the provisions relating to the Sixth Amendment Incremental Term Loans herein.

“Sixth Amendment Incremental Term Loans” shall mean, collectively, the amounts advanced by the Sixth Amendment Incremental Term Lenders to the Borrowers under the Sixth Amendment Incremental Term Loan Commitment on the Sixth Amendment Effective Date.

(c)Section 2.1(a) of the Credit Agreement is hereby amended by adding the following new paragraph at the immediate end thereof:

Subject to the terms and conditions of, and in reliance upon the representations and warranties made in the Sixth Amendment and this Agreement, each Sixth Amendment Incremental Term Lender severally (and not jointly) agrees to make a 

 NY\6293685.6

EXECUTION VERSION

single Term Loan in a principal amount equal to such Sixth Amendment Incremental Term Lender’s Sixth Amendment Incremental Term Loan Commitment on the Sixth Amendment Effective Date.  Amounts borrowed under this Section 2.1(a) and repaid or prepaid may not be reborrowed.

(d)Section 2.6(b) of the Credit Agreement is hereby amended and restated as follows:
The Borrowers shall repay to the Term Facility Administrative Agent for the ratable account of the Term Lenders (A) on the last Business Day of each March, June, September and December commencing the last Business Day of June 2014, an annual aggregate principal amount equal to $5,123,991.90 (which payments shall be reduced as a result of the application of prepayments in accordance with Section 2.5(a) and Section 2.5(b)(iv), in each case, solely to the extent of any such amounts applied to the prepayment of the Term Loans) and (B) on the Maturity Date, the aggregate principal amount of all Term Loans outstanding on such date. 

SECTION 2.The Sixth Amendment Incremental Term Loans. Pursuant to Section 2.17 of the Credit Agreement, and subject to the satisfaction of the conditions set forth in Section 4 hereof, on and as of the Effective Date:
 
(a)    Each Sixth Amendment Incremental Term Lender party hereto hereby agrees that upon, and subject to, the occurrence of the Effective Date, (i) such Sixth Amendment Incremental Term Lender shall have , as contemplated by Section 2.17 of the Credit Agreement, a Sixth Amendment Incremental Term Loan Commitment in an amount equal to the amount set forth opposite such Sixth Amendment Incremental Term Lender’s name under the heading “Sixth Amendment Incremental Term Loan Commitment” on Schedule 1 to this Agreement, and (ii) such Sixth Amendment Incremental Term Lender shall be deemed to be, and shall become an “Additional Lender” and a “Lender” for all purposes of, and subject to all the obligations of an “Additional Lender” and a “Lender” under the Credit Agreement and the other Loan Documents. Each Borrower Party and each Administrative Agent hereby agrees that from and after the Effective Date, each Sixth Amendment Incremental Term Lender shall be deemed to be, and shall become, a “Additional Lender” and a “Lender” for all purposes of, and with all the rights and remedies of a “Additional Lender” and a “Lender” under, the Credit Agreement and the other Loan Documents. From and after the Effective Date, each reference in the Credit Agreement to any Sixth Amendment Incremental Term Lender’s Sixth Amendment Incremental Term Loan Commitment shall mean its Sixth Amendment Incremental Term Loan Commitment as acquired pursuant to this Agreement, and as set forth opposite its name on Schedule 1 to this Agreement under the heading “Total Term Loan Commitment” on Schedule 1 to this Agreement.
 
(b)    Each Sixth Amendment Incremental Term Lender hereby agrees to make Incremental Term Loans to the applicable Borrower on the Effective Date in a principal amount not to exceed its respective Sixth Amendment Incremental Term Loan Commitment (as determined after giving effect to this Agreement).

(c)    The Sixth Amendment Incremental Term Loans shall be treated as Term Loans for all purposes under the Credit Agreement, including without limitation with respect to maturity, prepayments, repayments, interest rate and other economic terms.  Notwithstanding anything in the Credit Agreement to the contrary, the initial Eurodollar Loan Period with respect to Sixth Amendment Incremental Term Loans shall commence on the Effective Date and end on the date(s) necessary (as 

 NY\6293685.6

EXECUTION VERSION

determined by the Term Facility Administrative Agent) to ensure that all such Sixth Amendment Incremental Term Loans are included in each Eurodollar Loan Period applicable to the outstanding Term Loans on a pro rata basis.  The Term Facility Administrative Agent is hereby authorized to take all actions as may be reasonably necessary to ensure that all such Sixth Amendment Incremental Term Loans are included in each Eurodollar Loan Period applicable to the outstanding Term Loans on a pro rata basis and the Administrative Agent shall be authorized to mark the Register accordingly to reflect the amendments and adjustments set forth herein.

SECTION 3.Reference to and Effect on the Loan Documents. On and after the Effective Date, each reference in the Credit Agreement to “this Agreement”, “hereunder”, “hereof” or words of like import referring to the Credit Agreement, and each reference in the other Loan Documents to “the Credit Agreement”, “thereunder”, “thereof” or words of like import referring to the “Credit Agreement”, shall mean and be a reference to the Credit Agreement, as amended by this Amendment.
(a)The Credit Agreement, as specifically amended by this Amendment, and the other Loan Documents are, and shall continue to be, in full force and effect, and are hereby in all respects ratified and confirmed. 

(b)Except as expressly provided herein, the execution, delivery and effectiveness of this Amendment shall not operate as a waiver of any right, power or remedy of any Lender or the Administrative Agents under the Credit Agreement or any other Loan Document, nor shall it constitute a waiver of any provision of the Credit Agreement or any Loan Document.

(c)Each Borrower Party hereby (i) ratifies and reaffirms all of its payment and performance obligations, contingent or otherwise, under each of the Loan Documents to which it is a party, (ii) ratifies and reaffirms each grant of a lien on, or security interest in, its property made pursuant to the Loan Documents (including, without limitation, the grant of security made by such Borrower Party pursuant to the Collateral Agreement) and confirms that such liens and security interests continue to secure the Secured Obligations, including under the Loan Documents, including, without limitation, all Secured Obligations resulting from or incurred pursuant to the Sixth Amendment Incremental Term Loan Commitments made pursuant hereto, in each case subject to the terms thereof, and (iii) in the case of each Guarantor, ratifies and reaffirms its guaranty of the Obligations pursuant to its respective Guaranty.

(d)This Amendment shall be deemed a Loan Document for all purposes under the Credit Agreement.

SECTION 4.Conditions of Effectiveness.  This Amendment shall become effective as of the date (the “Effective Date”) on which the following conditions shall have been satisfied (or waived by the Sixth Amendment Incremental Term Lenders):

(a)The Administrative Agents shall have received counterparts of this Amendment executed by the Borrowers and the Sixth Amendment Incremental Term Lenders;

(b)After giving effect to this Amendment and the transactions contemplated hereby, the representations and warranties set forth in Article 5 of the Credit Agreement (as amended by this Amendment) and in the other Loan Documents are true and correct in all material respects as of the Effective Date, with the same effect as though made on and as of such date, except to the extent such representations and warranties expressly relate to an earlier date (in which case such 

 NY\6293685.6

EXECUTION VERSION

representations and warranties shall be true and correct in all material respects as of such earlier date) and immediately prior to and after giving effect to the Effective Date, no Default or Event of Default shall have occurred and be continuing;

(c)After giving effect to this Amendment, the incurrence of the Sixth Amendment Incremental Term Loans and the other transactions contemplated herby, the Senior Secured Leverage Ratio, calculated on a pro forma basis, shall not be greater than 4.50 to 1.00;

(d)The Administrative Agents shall have received a legal opinion of Gibson Dunn & Crutcher LLP, counsel to the Borrower Parties, addressed to the Lender Group and reasonably satisfactory to the Administrative Agents;

(e)The Administrative Agents shall have received, with respect to each Borrower Party, a loan certificate signed by the secretary or assistant secretary of such Person, certifying a true, complete and correct copy of the resolutions of such Person (or its general partner, members or manager, as applicable) authorizing the execution, delivery and performance by such Person of this Amendment and, with respect to Borrowers, authorizing the borrowings hereunder;

(f)The Administrative Agents shall have received a certificate of an Authorized Signatory of the Administrative Borrower confirming compliance with the conditions precedent set forth in clause (b) and clause (c) of this Section 4; 

(g)The Borrowers shall have paid all reasonable and documented costs and expenses of the Administrative Agents in connection with this Amendment (including the reasonable and documented fees, disbursements and other charges of Latham & Watkins LLP as counsel to the Lead Arrangers); and

(h)The Borrowers shall have paid to the Term Loan Administrative Agent, for the account of each Sixth Amendment Incremental Term Lender as of the Effective Date, closing fees in an amount equal to 0.50% of the aggregate amount of such Sixth Amendment Incremental Term Lender’s Sixth Amendment Incremental Term Loan Commitments; provided that such closing fees shall be payable to such Sixth Amendment Incremental Term Lender out of the proceeds of its Sixth Amendment Incremental Term Loans as and when funded on the Effective Date.

SECTION 5.Representations and Warranties.  Each of the Borrowers hereby represents and warrants to the Administrative Agents that:

(a)    on and as of the date hereof (i) it has all requisite corporate or other power and authority to enter into and perform its obligations under this Amendment, the Credit Agreement as amended hereby and the other Loan Documents to which it is a party, and (ii) this Amendment has been duly authorized, executed and delivered by it; and
(b)    this Amendment, and the Credit Agreement as amended hereby, constitute legal, valid and binding obligations of such party, enforceable against it in accordance with their respective terms, subject only to any limitation under Laws relating to (i) bankruptcy, insolvency, reorganization, moratorium or creditors’ rights generally; and (ii) general equitable principles including the discretion that a court may exercise in the granting of equitable remedies.

 NY\6293685.6

EXECUTION VERSION

SECTION 6.Costs and Expenses.  The Borrowers agree that all reasonable out-of-pocket expenses incurred by the Administrative Agents in connection with the preparation, execution, delivery and administration, modification and amendment of this Amendment and the other instruments and documents to be delivered hereunder or in connection herewith (including, without limitation, the reasonable fees, charges and disbursements of counsel for the Administrative Agents), are expenses that the Borrowers are required to pay or reimburse pursuant to Section 11.2 of the Credit Agreement.

SECTION 7.Execution in Counterparts.  This Amendment may be executed in one or more counterparts (and by different parties hereto in different counterparts), each of which shall be deemed an original, but all of which together shall constitute one and the same instrument.  Delivery by telecopier or other electronic transmission of an executed counterpart of a signature page to this Amendment, including by email with a pdf copy hereof attached, shall be effective as delivery of an original executed counterpart of this Amendment.

SECTION 8.GOVERNING LAW.  THIS AMENDMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK.

SECTION 9.WAIVER OF RIGHT OF TRIAL BY JURY.  EACH PARTY TO THIS AMENDMENT HEREBY EXPRESSLY WAIVES ANY RIGHT TO TRIAL BY JURY OF ANY CLAIM, DEMAND, ACTION OR CAUSE OF ACTION ARISING UNDER this amendment, OR IN ANY WAY CONNECTED WITH OR RELATED OR INCIDENTAL TO THE DEALINGS OF THE PARTIES HERETO OR ANY OF THEM WITH RESPECT TO the credit agreement as amended hereby, OR THE TRANSACTIONS RELATED THERETO, IN EACH CASE WHETHER NOW EXISTING OR HEREAFTER ARISING, AND WHETHER FOUNDED IN CONTRACT OR TORT OR OTHERWISE; AND EACH PARTY HEREBY AGREES AND CONSENTS THAT ANY SUCH CLAIM, DEMAND, ACTION OR CAUSE OF ACTION SHALL BE DECIDED BY COURT TRIAL WITHOUT A JURY, AND THAT ANY PARTY TO THIS AGREEMENT MAY FILE AN ORIGINAL COUNTERPART OR A COPY OF THIS SECTION 9 WITH ANY COURT AS WRITTEN EVIDENCE OF THE CONSENT OF THE SIGNATORIES HERETO TO THE WAIVER OF THEIR RIGHT TO TRIAL BY JURY.

[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]

 NY\6293685.6

EXECUTION VERSION

    

IN WITNESS WHEREOF, the parties have caused this Amendment No. 6 to Credit Agreement to be executed by their respective authorized officers as of the date first above written.

ZAYO    GROUP, LLC,
as a Borrower

		
	By:
	_________________________________

Name:
Title:

ZAYO CAPITAL, INC.,
as a Borrower

		
	By:
	_________________________________

Name:
Title:

Morgan Stanley Senior Funding, Inc., as Term Facility Administrative Agent

		
	By:
	_________________________________

Name:
Title:

SUNTRUST BANK, 
as Revolving Facility Administrative Agent

		
	By:
	_________________________________

Name:
Title:

Barclays bank plc,
as a Sixth Amendment Incremental Term Lender

		
	By:
	_________________________________

Name:
Title:

 NY\6293685.6

EXECUTION VERSION

Schedule 1
Incremental Term Commitments and Sixth Amendment Incremental Term Lenders

	
				
	Sixth Amendment Incremental Term Lender
	Sixth Amendment Incremental Term Commitment
	Commitment Percentage
	Total Term Loan Commitment

	Barclays Bank PLC
	$275,000,000
	100%
	$275,000,000

	Total
	$275,000,000
	100%
	$275,000,000

 NY\6293685.6Exhibit for Amendment No. 5 to Loan Agreement

AMENDMENT NO. 5
TO
LOAN AGREEMENT
THIS AMENDMENT NO. 5 TO LOAN AGREEMENT (this “Amendment”) is entered into as of May 21, 2014, by and among SQUARETWO FINANCIAL CORPORATION, a Delaware corporation (in its individual capacity, “US Borrower”), and as borrowing agent (in such capacity, “Borrowing Agent”), PREFERRED CREDIT RESOURCES LIMITED, an Ontario corporation (“Canadian Borrower”) (US Borrower and Canadian Borrower are sometimes collectively referred to herein as “Borrowers” and individually as a “Borrower”), the other persons designated as “Loan Parties”, certain of the Lenders party to the Loan Agreement (as defined below), and ALLY BANK, a Utah state bank (successor to Ally Commercial Finance LLC, a Delaware limited liability company) (in its individual capacity, “Ally”), as administrative and collateral agent (in such capacity, “Agent”) and as funding and disbursement agent with respect to the Canadian Revolving Loans (in such capacity, “Canadian Agent”).
BACKGROUND
WHEREAS, Borrowers, the other Loan Parties, Agent, Canadian Agent, and Lenders are parties to a Loan Agreement dated as of April 7, 2010 (as amended, restated, supplemented or otherwise modified from time to time, the “Loan Agreement”) pursuant to which Agent and Lenders provide Borrowers with certain financial accommodations;
WHEREAS, Borrowing Agent has requested that Agent, Canadian Agent, and Supermajority Lenders make certain amendments to the Loan Agreement, and Agent, Canadian Agent, and the Supermajority Lenders party hereto are willing to amend the Loan Agreement on the terms and conditions hereafter set forth.
NOW, THEREFORE, in consideration of any loan or advance or grant of credit heretofore or hereafter made to or for the account of Borrowers by Agent, Canadian Agent,  and Lenders, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto hereby agree as follows:
1.Definitions.  All capitalized terms not otherwise defined herein shall have the meanings given to them in the Loan Agreement.
2.    Amendment to Loan Agreement. Subject to satisfaction of the conditions precedent set forth in Section 3 below, the Loan Agreement is hereby amended as follows:
(a)    The definition of “Eligible Asset Pool” set forth in Section 1.1 of the Loan Agreement is hereby amended as follows:
(i)    the introductory paragraph is amended by inserting “and Canadian Loan Parties” immediately after each reference to “US Loan Parties” 

(ii)    clauses (vi), (vii) and (viii) are amended and restated in their entirety as follows:
“(vi)    since the acquisition of the Asset Pool by any Loan Party, a sale of all or substantially all of the Assets within the Asset Pool has occurred that is not an arm’s length sale to a non-affiliated third party (other than sales or transfers among Loan Parties);
(vii)    an Asset Pool with respect to which Agent or Canadian Agent, on behalf of Agent, Canadian Agent, Issuing Lenders and Lenders, does not have a valid, first priority and fully perfected security interest;
(viii) Accounts subject to any Lien except those in favor of Agent or the Canadian Agent, for the benefit of the Agent, Canadian Agent, Issuing Lenders and Lenders, and Permitted Encumbrances; and”
(b)    The definition of “Estimated Remaining Proceeds” set forth in Section 1.1 of the Loan Agreement is hereby amended and restated in its entirety as follows:
“Estimated Remaining Proceeds” means the aggregate gross remaining cash proceeds (in US Dollar Equivalents) which any US Loan Party (excluding Holdings) or Canadian Loan Party anticipates to receive from each Eligible Asset Pool (excluding, for the avoidance of doubt, any amounts to be distributed to Persons from whom Asset Pools are purchased pursuant to sharing arrangements), which Estimated Remaining Proceeds shall be determined and reported by US Loan Parties and Canadian Loan Parties to Agent in each Borrowing Base Certificate and other reporting to Agent and Lenders and calculated by US Loan Parties and Canadian Loan Parties in a manner consistent with past practice and consistent with Borrowers’ proprietary models; provided, however, that each US Loan Party and each Canadian Loan Party shall provide such other information relating to the assumptions and method of such calculations as Agent may reasonably request (and Agent shall promptly thereafter provide such information to the Lenders).  Any deviation from the current (i.e., as of the Closing Date) credit criteria, method and assumptions used in computing Estimated Remaining Proceeds must be acceptable to Agent in its sole and absolute discretion. 
(c)    The definition of “Guarantors” set forth in Section 1.1 of the Loan Agreement is hereby amended and restated in its entirety as follows:
“Guarantors” means Holdings, each direct or indirect Subsidiary of Holdings (other than Astrum, CA Marketing and Collect Air), and each other Person, if any, that executes a guaranty or other similar agreement in favor of Agent for the benefit of Agent, Canadian Agent, Issuing 

2

Lenders and Lenders, in connection with the transactions contemplated by this Agreement and the other Loan Documents.
(d)    Section 7.1(c) of the Loan Agreement is hereby amended and restated in its entirety as follows:  
“(c)    intercompany Indebtedness arising from loans made by (i) Canadian Borrower or any other Canadian Loan Party to any Loan Party other than Holdings, CACV and CACV-NJ, (ii)  [Intentionally Omitted], (iii) US Loan Parties  to any other Loan Parties other than Holdings, CACV and CACV-NJ, (iv) Loan Parties or their Subsidiaries to any Subsidiary of Holdings that is not a Loan Party not to exceed (together with any Investments made under subsection 7.4(p)) $250,000 in any Fiscal Year in the aggregate, (v) Loan Parties or their Subsidiaries to Collect Air to cover ordinary course operating, maintenance and related costs relating to Collect Air’s aircraft and (vi) any Subsidiary that is not a Loan Party to any other Subsidiary that is not a Loan Party; provided, however, that in each case upon the request of Agent at any time, such Indebtedness shall be evidenced by promissory notes having terms reasonably satisfactory to Agent, the sole originally executed counterparts of which shall be pledged and delivered to Agent, for the benefit of Agent and Lenders, as security for the Obligations.”
(e)    Section 7.4(d) of the Loan Agreement is hereby amended and restated in its entirety as follows:
“(d)    (i) US Loan Parties and their US Subsidiaries may make capital or asset contributions to their wholly-owned US Subsidiaries and Canadian Subsidiaries that are Loan Parties and Canadian Loan Parties and their Canadian Subsidiaries may make capital contributions to their wholly-owned Canadian Subsidiaries that are Loan Parties; provided, that no capital contributions may be made to CACV or CACV-NJ; and (ii) Subsidiaries that are not Loan Parties may make capital contributions to any other Subsidiary;”
(f)    Section 7.4(o) of the Loan Agreement is hereby amended and restated in its entirety as follows: 
“(o)    US Loan Parties and their US Subsidiaries may make capital or asset contributions to Canadian Loan Parties;”
(g)    Section 10.1(b) of the Loan Agreement is hereby amended and restated in its entirety as follows:
“(b)  Each Canadian Guarantor hereby unconditionally guarantees, as a primary obligor and not merely as a surety, jointly and severally with each other Canadian Guarantor when and as due, whether at maturity, by acceleration, by notice of prepayment or otherwise, the due and 

3

punctual performance of all Obligations.  Without limiting the generality of the foregoing, each Canadian Guarantor’s liability shall extend to all amounts that constitute part of the Obligations and would be owed by Borrowers to Agent, Canadian Agent, any Letter of Credit Issuer or any Lender under any Loan Document but for the fact that they are unenforceable or not allowable due to the existence of a bankruptcy, reorganization or similar proceeding involving any Loan Party.  Each payment made by any Canadian Guarantor pursuant to this Guaranty (x) with respect to US Obligations shall be made in US Dollars in immediately available funds and (y) with respect to Canadian Obligations  shall be made in lawful money of Canada in immediately available funds, in each case, (a) without set-off or counterclaim and (b) free and clear of and without deduction or withholding for or on account of any present and future Taxes unless Canadian Guarantor is compelled by law to make payment subject to such Taxes.”
3.    Conditions of Effectiveness.  This Amendment shall become effective on the date that Agent shall have received:
(a)    ten (10) copies of this Amendment executed by Borrowing Agent, Agent and the Supermajority Lenders, and consented and agreed to by Borrowers and Guarantors; 
(b)    a duly executed amendment to the US Pledge Agreement, in form and substance satisfactory to Agent, reflecting the pledge by Collect America of Canada LLC of 100% of the shares of  Square Two Financial Canada Corporation to Agent, 
(c)    all such other documents or amendments as may be reasonably requested by Agent to reflect that Canadian Guarantors will now guaranty all Obligations and that the Canadian Obligations and the US Obligations shall be cross-collateralized; and
(d)    Evidence satisfactory to Agent that the execution, delivery and performance of this Amendment has been duly authorized and executed by each Loan Party. 
4.    Conditions Subsequent.  As soon as practicable, but in any event on or prior to July 5, 2014 (or on such later date as agreed to by Agent in its sole discretion), the Loan Parties shall deliver to Agent a deposit account control agreement, in form and substance reasonably satisfactory to Canadian Agent, by and among Royal Bank of Canada (“RBC”), Canadian Agent and the applicable Loan Parties, with respect to the RBC account numbers disclosed to Agent by Loan Parties on the date hereof, or such other accounts at RBC established pursuant to an account structure reasonably satisfactory to Agent.
5.    Representations and Warranties.  Each Loan Party hereby represents and warrants as follows:
(a)    This Amendment and the Loan Agreement, as amended hereby, constitute legal, valid and binding obligations of each Loan Party and are enforceable against each Loan Party in accordance with their respective terms.

4

(b)    Upon the effectiveness of this Amendment, each Loan Party hereby reaffirms all covenants, representations and warranties made in the Loan Agreement to the extent the same are not amended hereby and agree that all such covenants, representations and warranties shall be deemed to have been remade as of the effective date of this Amendment.
(c)    No Event of Default or Default has occurred and is continuing or would exist after giving effect to this Amendment.
(d)    No Loan Party has any defense, counterclaim or offset with respect to the Loan Agreement.
6.    Effect on the Loan Agreement.
(a)    Upon the effectiveness of Section 2 hereof, each reference in the Loan Agreement to “this Agreement,” “hereunder,” “hereof,” “herein” or words of like import shall mean and be a reference to the Loan Agreement as amended hereby.
(b)    Except as specifically amended herein, the Loan Agreement, and all other documents, instruments and agreements executed and/or delivered in connection therewith, shall remain in full force and effect, and are hereby ratified and confirmed.
(c)    The execution, delivery and effectiveness of this Amendment shall not operate as a waiver of any right, power or remedy of Agent or Lenders, nor constitute a waiver of any provision of the Loan Agreement, or any other documents, instruments or agreements executed and/or delivered under or in connection therewith.
7.    Governing Law.  This Amendment shall be binding upon and inure to the benefit of the parties hereto and their respective successors and assigns and shall be governed by and construed in accordance with the laws of the State of New York.
8.    Headings.  Section headings in this Amendment are included herein for convenience of reference only and shall not constitute a part of this Amendment for any other purpose.
9.    Counterparts; Facsimile.  This Amendment may be executed by the parties hereto in one or more counterparts, each of which shall be deemed an original and all of which when taken together shall constitute one and the same agreement.  Any signature delivered by a party by facsimile transmission shall be deemed to be an original signature hereto.

5

IN WITNESS WHEREOF, this Amendment has been duly executed as of the day and year first written above.
Borrowing Agent:

SQUARETWO FINANCIAL CORPORATION, as Borrowing Agent

	
		
	By:
	/s/ Paul A. Larkins

	Name:
	Paul A. Larkins

	Title:
	President

Agent:

ALLY BANK (successor to Ally Commercial Finance LLC), as Agent and Canadian Agent

	
		
	By:
	/s/ Thomas Maiale

	Name:
	Thomas Maiale

	Title:
	Senior Director

Lenders: 

ALLY BANK (successor to Ally Commercial Finance LLC), as a Lender 

	
		
	By:
	/s/ Thomas Maiale

	Name:
	Thomas Maiale

	Title:
	Senior Director

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

	
		
	By:
	/s/ Laura Warner

	Name:
	Laura Warner

	Title:
	Director

	
		
	By:
	/s/ Medina Sales de Andrade

	Name:
	Medina Sales de Andrade

	Title:
	Vice President

ING CAPITAL LLC, as a Lender

	
		
	By:
	/s/ John Lanier

	Name:
	John Lanier

	Title:
	Director

	
		
	By:
	/s/ William Beddingfield

	Name:
	William Beddingfield

	Title:
	Managing Director

U.S. BANK NATIONAL ASSOCIATION, as a Lender

	
		
	By:
	/s/ Karen D. Myers

	Name:
	Karen D. Myers

	Title:
	Senior Vice President

FIFTH THIRD BANK, as a Lender

	
		
	By:
	/s/ Greg Vollmer

	Name:
	Greg Vollmer

	Title:
	Vice President

SIEMENS FINANCIAL SERVICES, INC., as a Lender

	
		
	By:
	/s/ Michael Zion

	Name:
	Michael Zion

	Title:
	Vice President

	
		
	By:
	/s/ Philip Marrone

	Name:
	Philip Marrone

	Title:
	Vice President

FIRSTMERIT BANK, as a Lender

	
		
	By:
	/s/ Laura C. Redinger

	Name:
	Laura C. Redinger

	Title:
	Senior Vice President

AMALGAMATED BANK, as a Lender

	
		
	By:
	/s/ Michael LaManes

	Name:
	Michael LaManes

	Title:
	First Vice President

    

TRANSPORTATION ALLIANCE BANK INC., DBA TAB BANK, as a Lender

	
		
	By:
	/s/ Curt Queyrouze

	Name:
	Curt Queyrouze

	Title:
	Chief Credit Officer

Acknowledged, agreed and consented to by the following Loan Parties:

SQUARETWO FINANCIAL CORPORATION, 
as US Borrower and as a US Guarantor

	
		
	By:
	/s/ Paul A. Larkins

	Name:
	Paul A. Larkins

	Title:
	President

CACH, LLC
CACH OF NJ, LLC
COLLECT AMERICA OF CANADA LLC
CACV OF COLORADO, LLC
CACV OF NEW JERSEY, LLC
HEALTHCARE FUNDING SOLUTIONS, LLC
ORSA, LLC
CANDEO, LLC
AUTUS, LLC, each as a US Guarantor

	
		
	By:
	/s/ Paul A. Larkins

	Name:
	Paul A. Larkins

	Title:
	Manager

REFINANCE AMERICA, LTD., as a US Guarantor

	
		
	By:
	/s/ Thomas Good

	Name:
	Thomas Good

	Title:
	Secretary

METROPOLITAN LEGAL ADMINISTRATION SERVICES INC., 
as a Canadian Guarantor

	
		
	By:
	/s/ Christopher Walker

	Name:
	Christopher Walker

	Title:
	President & CEO

PREFERRED CREDIT RESOURCES LIMITED, 
as Canadian Borrower and as a Canadian Guarantor

	
		
	By:
	/s/ Christopher Walker

	Name:
	Christopher Walker

	Title:
	President & CEO

CA HOLDING, INC., as a US Guarantor

	
		
	By:
	/s/ Paul A. Larkins

	Name:
	Paul A. Larkins

	Title:
	President

CCL FINANCIAL INC., as a Canadian Guarantor

	
		
	By:
	/s/ Christopher Walker

	Name:
	Christopher Walker

	Title:
	President & CEO

    

SQUARE TWO FINANCIAL CANADA CORPORATION, as a Canadian Guarantor

	
		
	By:
	/s/ Christopher Walker

	Name:
	Christopher Walker

	Title:
	President & CEO

SQUARETWO FINANCIAL COMMERCIAL FUNDING CORPORATION, as a US Guarantor

	
		
	By:
	/s/ Paul A. Larkins

	Name:
	Paul A. Larkins

	Title:
	President

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00231-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00231-of-00352.parquet"}]]