Document:

EX-10.3 SUPPLEMENTAL INDENTURE

Exhibit 10.3

EXECUTION
VERSION

SUPPLEMENTAL INDENTURE

     THIS SUPPLEMENTAL INDENTURE, dated as of May 6, 2008 (this “Supplemental Indenture”) is
entered into by and between Deerfield Capital LLC, a Delaware limited liability company
(formerly Deerfield Triarc Capital LLC) (the “Company”), and The Bank of New York
Trust Company, National Association, a national banking association, as trustee (the
“Trustee”).

     Reference is made to the Junior Subordinated Indenture dated as of October 27, 2006 (the
“Indenture”) by and between the Company and the Trustee. Capitalized terms used herein and not
defined herein shall have the meanings given to such terms under the Indenture.

     WHEREAS, the Company desires to, among other things, (a) amend Section 1.1,
Section 1.5(b) and Section 5.1 of the Indenture, and (b) amend Article X of the
Indenture to provide for additional covenants of the Company; and

     WHEREAS, the execution and delivery by the Company of this Supplemental Indenture has been
duly authorized by all requisite corporate action and all other action required to make this
Supplemental Indenture a valid and binding instrument has been duly taken and performed.

     NOW, THEREFORE, in consideration of the foregoing, the Trustee and the Company are entering
into this Supplemental Indenture pursuant to Section 9.2 of the Indenture as follows:

ARTICLE I

AMENDMENTS TO INDENTURE

     Section 1.01 The definition of “Corporate Trust Office” under Section 1.1 of
the Indenture is deleted in its entirety and replaced with the following:

          “Corporate Trust Office” means the principal office of the Trustee at which at any
particular time its corporate trust business shall be administered, which office at the date
of this Indenture is located at 601 Travis Street, 16th Floor, Houston, Texas
77002 Attn: Global Corporate Trust – Deerfield Capital Trust III. All notices and
correspondence to the Trustee hereunder shall be addressed to Mudassir Mohamed, telephone
number (713) 483-6029.

     Section 1.02 The definition of “Guarantor” under Section 1.1 of the Indenture
is deleted in its entirety and replaced with the following:

          “Guarantor” means Deerfield Capital Corp., a Maryland corporation, as successor to
Deerfield Triarc Capital Corp., and any other permitted successors and assigns.

     Section 1.03 Section 1.1 of the Indenture is amended by adding the following
defined terms:

 

 

     “Consolidated Net Worth” means, at any date, the aggregate equity of the Guarantor, the
Company and their Subsidiaries on a consolidated basis determined in accordance with GAAP
(which equity shall include any preferred stock issued by the Guarantor or the Company or
any of their Subsidiaries so long as such preferred stock is subordinate and subject in
right of payment to the prior payment in full of all Senior Debt and the Securities).

          “First Indenture” has the meaning specified in Section 5.1(h).

          “Management Company” means Deerfield Capital Management LLC, a Delaware limited
liability company.

          “Maximum Indebtedness” has the meaning specified in Section 10.9(c).

     “Seller Notes” means, collectively, (i) those certain Series A Senior Secured Notes
issued by DFR Merger Company, LLC and Deerfield & Company due in calendar year 2012 and (ii)
those certain Series B Senior Secured Notes issued by DFR Merger Company, LLC and Deerfield
& Company LLC due in calendar year 2012.

     Section 1.04 Section 1.5(b) is hereby deleted in its entirety and replaced
with the following:

          (b) the Company by the Trustee, any Holder or any holder of Preferred Securities shall
be sufficient for every purpose hereunder if in writing and mailed, first class, postage
prepaid, to the Company addressed to it at Deerfield Capital Corp., 6250 North River Road,
Rosemont, Illinois 60018, or at any other address previously furnished in writing to the
Trustee by the Company.

     Section 1.05 Section 5.1 of the Indenture is amended to add additional Events
of Default by (i) deleting the word “or” from the end of Section 5.1(e), (ii) deleting “.”
from the end of Section 5.1(f) and replacing it with “;” and (iii) adding the following new
Section 5.1(g) and (h):

          (g) any holder of the Seller Notes (i) exercises any rights of foreclosure against any
collateral of the Guarantor, the Company or any of their Subsidiaries or (ii) takes any
other affirmative steps in furtherance of a foreclosure against any collateral of the
Guarantor, the Company or any of their Subsidiaries; or

          (h) the occurrence of an Event of Default under, and as defined in, that certain Junior
Subordinated Indenture, dated September 29, 2005, by and between the Company and the
Trustee, as amended by that certain Supplemental Indenture, dated the date hereof, by and
between the Company and the Trustee (as the same may be further modified, amended or
supplemented, the “First Indenture”).

     Section 1.06 Section 7.3(b)(iii) of the Indenture is hereby deleted and replaced with
the following:

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          (iii) Taberna Capital Management LLC, 450 Park Avenue, Floor 11, New York, New York
10022, Attn: Raphael Licht

     Section 1.07 Section 10.6(d) of the Indenture is deleted in its entirety and
replaced with the following:

          (d) Minimum Consolidated Net Worth. From and after the date that all of the
obligations under the First Indenture are satisfied in full (including all of the securities
issued in connection therewith) and until the Securities and all of the other obligations
under this Indenture have been paid and satisfied in full, the Company shall maintain a
Consolidated Net Worth of not less than One Hundred Seventy-Five Million Dollars
($175,000,000).

     Section 1.08 Section 10.7 of the Indenture is hereby amended to replace the
text “Section 10.6” with the following text: “Section 10.6, 10.9 or
10.10”.

     Section 1.09 Article X of the Indenture is amended by adding the following
Sections 10.9 and 10.10:

     SECTION 10.9. Management Company Covenants.

     (a) The Company shall cause the Management Company to be solely responsible for all asset
management activities of the Company, its Subsidiaries and any of their affiliates.  The Company
shall not permit its Subsidiaries or any of their affiliates (either presently existing or
subsequently formed entities), other than the Management Company, to conduct such asset management
activities unless (i) otherwise required by law or regulation and (ii) such management activities
are conducted by one or more Subsidiaries of Deerfield & Company LLC, a Delaware limited liability
company, which Subsidiaries shall be subject to all provisions contained herein with respect to the
Management Company.

     (b) The Company shall not, and shall not permit any of their Subsidiaries to, directly or
indirectly, without the prior written consent of the Holders of not less than a majority in
aggregate principal amount of the outstanding Preferred Securities, (a) sell, transfer, pledge or
issue, in one or more transactions, any direct or indirect beneficial ownership interests in the
Management Company which results in (i) any Person, whether directly or indirectly, other than the
Company (and any Subsidiaries wholly owned, directly or indirectly, by the Company) owning any
equity interests in the Management Company or any rights to distributions from the Management
Company or (ii) any Person other than the Company having responsibility for the management of the
Management Company and the administration of the day-to-day business and affairs of the Management
Company or (b) sell, transfer, pledge or assign any material asset of the Management Company;
provided, however, that the existing liens under the documents relating to the Seller Notes shall
not constitute a breach of this Section 10.9(b).

     (c) The Company shall not permit the Management Company to incur Debt in excess of $85,000,000
(“Maximum Indebtedness”) without the prior written consent of the Holders of not less than a
majority in aggregate principal amount of the outstanding Preferred Securities;

3

 

provided, however, that any non-recourse debt incurred in connection with the Management
Company’s investment in new assets managed or operated by the Management Company and secured by
such investment and/or the fees received for managing and/or operating such new asset shall not be
included in the determination of Maximum Indebtedness.

     SECTION 10.10 Seller Notes.

     The Company shall not, and shall cause the Management Company not to, enter into or permit any
affiliate of any of them to enter into any amendment of the Seller Notes without the prior written
consent of the Holders of not less than a majority in aggregate principal amount of the outstanding
Preferred Securities; provided, that the Guarantor, the Management Company, the Company and/or any
affiliate of any of them may amend any of the Seller Notes without obtaining such consent if (i)
such amendment does not increase the interest rate or shorten the maturity of such Seller Notes and
(ii) the terms of such amendment, taken as a whole, do not result in a material adverse change to
the Management Company, the Company or their respective businesses or the holders of the Preferred
Securities. Notwithstanding the foregoing, the Company may permit the issuer of the Seller Notes
to make payments in kind, in lieu of interest, provided that any payments in kind made will be
included in the calculation of the Maximum Indebtedness described in Section 10.9(c).

ARTICLE II

MISCELLANEOUS

     Section 2.01 By execution of this Supplemental Indenture, each of the Administrative
Trustees, on behalf of Deerfield Capital Trust III (formerly Deerfield Triarc Capital Trust III),
as Holder of 100% in aggregate principal amount of the Outstanding Securities and each of Taberna
Preferred Funding VIII, Ltd., as Holder of approximately 44.44% in aggregate Liquidation Amount of
the outstanding Preferred Securities (“TPF VIII”) and Taberna Preferred Funding IX, Ltd.,
as Holder of approximately 55.56% in aggregate Liquidation Amount of the outstanding Preferred
Securities (“TPF IX”), hereby in accordance with Section 9.2 of the Indenture, (i) consents
to the Trustee and the Company executing and delivering this Supplemental Indenture, (ii) directs
the Trustee to execute and deliver this Supplemental Indenture and (iii) agrees to and does hereby
release the Trustee for any action taken or to be taken by the Trustee in connection with its
execution and delivery of this Supplemental Indenture and for any liability or responsibility
arising in connection herewith. Each of TPF VIII and TPF IX hereby in accordance with Section 9.2
of the Indenture, (a) directs the Administrative Trustees and the Property Trustee to execute and
deliver this Supplemental Indenture and (b) agrees to and does hereby release the Administrative
Trustees and the Property Trustee for any action taken or to be taken by the Administrative
Trustees and the Property Trustee, respectively, in connection with their execution and delivery of
this Supplemental Indenture and for any liability or responsibility arising in connection herewith.

     Section 2.02 The Trustee accepts the trust in this Supplemental Indenture declared and
provided upon the terms and conditions set forth in the Indenture. The Trustee shall not be
responsible in any manner whatsoever for the validity or sufficiency of this Supplemental Indenture
or the due execution hereof by the Company or for or in respect of the recitals and
statements contained herein, all of which recitals and statements are made solely by the
Company.

4

 

     Section 2.03 Except as hereby expressly modified, the Indenture and the Securities
issued thereunder are ratified and confirmed and all the terms, conditions and provisions thereof
shall remain in full force and effect.

     Section 2.04 This Supplemental Indenture shall become effective only upon the
satisfaction of the following conditions: (i) the Trustee shall have received a counterpart of
this Supplemental Indenture duly executed by the Company and the Trustee, (ii) the delivery of an
Opinion of Counsel relating to this Supplemental Indenture in accordance with Sections 1.2
and 9.3 of the Indenture, (iii) the delivery of an Officer’s Certificate relating to this
Supplemental Indenture in accordance with Sections 1.2 and 9.3 of the Indenture,
and (iv) the Company shall have paid all attorneys’ fees and disbursements of the holders of the
Preferred Securities and the Trustee in connection with this Supplemental Indenture, which legal
expenses shall be paid simultaneously with the execution of this Supplemental Indenture.

     Section 2.05 This Supplemental Indenture may be executed in any number of
counterparts, each of which shall be deemed to be an original for all purposes; but such
counterparts shall together be deemed to constitute but one and the same instrument. The executed
counterparts may be delivered by facsimile transmission, which facsimile copies shall be deemed
original copies.

     Section 2.06 The laws of the State of New York shall govern this Supplemental
Indenture without regard to the conflict of law principles thereof.

     Section 2.07 In the event of any inconsistency between the terms and provisions of
this Supplemental Indenture and the Indenture, the terms and provisions of this Supplemental
Indenture shall prevail.

     Section 2.08 This Supplemental Indenture contains the entire agreement of the parties
hereto with respect to all of the matters set forth in that certain Letter Agreement, dated
February 29, 2008, and such Letter Agreement from the date hereof is hereby superseded by the terms
and conditions of this Supplemental Indenture.

[Remainder of Page Intentionally Left Blank]

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

	 	 	 	 	 	 	 
	 	 	DEERFIELD CAPITAL LLC,
	 	 	as Company
	 
	 	 	 	 	 	 
	 

	 	By:	 	/s/ Robert C. Grien	 	 
	 

	 	 	 	 

Name: Robert C. Grien
	 	 
	 

	 	 	 	Title: President	 	 

	 	 	 	 	 	 	 
	 	 	THE BANK OF NEW YORK TRUST 
	 	 	COMPANY, NATIONAL ASSOCIATION,
	 	 	as Trustee
	 
	 	 	 	 	 	 
	 

	 	By:	 	/s/ Maria D. Calzado	 	 
	 

	 	 	 	 

	 	 
	 

	 	 	 	Name: Maria D. Calzado	 	 
	 

	 	 	 	Title: Vice President	 	 

	 	 	 	 	 	 	 
	 	 	THE BANK OF NEW YORK TRUST 
	 	 	COMPANY, NATIONAL ASSOCIATION,
	 	 	as Property Trustee
	 	 	(as to Section 2.01 only)
	 
	 	 	 	 	 	 
	 

	 	By:	 	/s/ Maria D. Calzado	 	 
	 

	 	 	 	 

Name: Maria D. Calzado
	 	 
	 

	 	 	 	Title: Vice President	 	 

	 	 	 	 	 	 	 
	 	 	DEERFIELD CAPITAL TRUST III
	 	 	(as to Section 2.01 only)
	 
	 	 	 	 	 	 
	 

	 	By:	 	/s/ Robert C. Grien	 	 
	 

	 	 	 	 

	 	 
	 

	 	 	 	Name: Robert C. Grien	 	 
	 

	 	 	 	 
	 	 
	 

	 	 	 	Title: Administrative Trustee	 	 
	 
	 

	 	 	 	Attest: /s/ Robert A. Contreras	 	 
	 

	 	 	 	 
	 	 
	 

	 	 	 	              By: Robert A. Contreras	 	 

Supplemental Indenture
Signature Page

 

 

	 	 	 	 	 	 	 
	 	 	TABERNA PREFERRED FUNDING VIII, LTD.
	 	 	(as to Section 2.01 only)
	 
	 	 	 	 	 	 
	 

	 	By:	 	/s/ John Cullinane	 	 
	 

	 	 	 	 

Name: John Cullinane
	 	 
	 

	 	 	 	Title: Director	 	 
	 
	 	 	 	 	 	 
	 

	 	 	 	Attest: /s/ Jolene Nelson	 	 
	 

	 	 	 	 
	 	 
	 

	 	 	 	              By: Jolene Nelson	 	 

	 	 	 	 	 	 	 
	 	 	TABERNA PREFERRED FUNDING IX, LTD.

	 	 	(as to Section 2.01 only)
	 
	 	 	 	 	 	 
	 

	 	By:	 	/s/ John Cullinane	 	 
	 

	 	 	 	 	 	 
	 

	 	 	 	Name: John Cullinane	 	 
	 

	 	 	 	Title: Director	 	 
	 
	 	 	 	 	 	 
	 

	 	 	 	Attest: /s/ Jolene Nelson	 	 
	 

	 	 	 	 
	 	 
	 

	 	 	 	              By: Jolene Nelson	 	 

Supplemental Indenture
Signature PageEX-10.4 FORBEARANCE AGREEMENT

Exhibit 10.4

FORBEARANCE AGREEMENT

     THIS
FORBEARANCE AGREEMENT, dated as of May 12, 2008 (this “Agreement”), is entered
into among DWFC, LLC and Deerfield TRS (Bahamas) Ltd. (together, the “Borrowers” and each a
“Borrower”), Deerfield Capital LLC, as Originator (the “Originator”) and as
Servicer (the “Servicer”), each of the Conduit Purchasers, the Institutional Purchasers
(collectively, and together with the Swingline Purchaser (as defined below), the “Lenders”)
and the Purchaser Agents from time to time party to the Sale and Servicing Agreement referenced
below, Wachovia Bank, National Association, as Swingline Purchaser (the “Swingline
Purchaser”), Wachovia Capital Markets, LLC, as Administrative Agent (the “Administrative
Agent”), and Wachovia Bank, National Association, as Hedge Counterparty (the “Hedge
Counterparty”). Capitalized terms used herein and not otherwise defined shall have the
meanings ascribed thereto in the Sale and Servicing Agreement (as defined below).

RECITALS

     WHEREAS, the Borrowers, the Originator, the Servicer, the Lenders, the Purchaser Agents, the
Swingline Purchaser, the Administrative Agent, Lyon Financial Services, Inc. (d/b/a/ U.S. Bank
Portfolio Services), as Backup Servicer (the “Backup Servicer”), U.S. Bank National
Association, as Collateral Custodian (the “Collateral Custodian”) and the Hedge
Counterparty have entered into that certain Sale and Servicing Agreement dated as of March 10, 2006
(as amended prior to the date hereof, the “Sale and Servicing Agreement”).

     WHEREAS, it is anticipated that as of the required reporting date for the fiscal quarters
ending as of March 31, 2008 and June 30, 2008 (pursuant to Section 6.10(d) of the Sale and
Servicing Agreement), Deerfield Capital LLC will have failed to maintain stockholder’s equity of
$240,000,000 plus 90% of the proceeds raised from equity issuers, which shall constitute a Servicer
Default under Section 6.15(j) of the Sale and Servicing Agreement (and, accordingly, a Termination
Event under Section 10.1(d) of the Sale and Servicing Agreement (the “Acknowledged Termination
Event”).

     WHEREAS, the Borrowers, the Originator and the Servicer (collectively, the “Loan
Parties”) have requested that the Administrative Agent and the Lenders (i) forbear from
exercising certain rights and remedies arising from the Acknowledged Termination Event, (ii)
forbear from exercising any right to terminate the rights and obligations of the Servicer arising
from the Acknowledged Termination Event and (iii) waive application of the Concentration Limits set
forth in clause (a) of the definition of “Concentration Limits” in each case, during the
Forbearance Period.

     WHEREAS, the Administrative Agent and the Lenders have agreed to do so, but only pursuant to
the terms set forth herein.

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

 

 

AGREEMENT

     1. Estoppel, Acknowledgement and Reaffirmation. The Loan Parties hereby acknowledge
their obligations under the respective Transaction Documents to which they are party and reaffirm
that each of the liens and security interests created and granted in or pursuant to the Transaction
Documents is valid and subsisting and that this Agreement shall in no manner impair or otherwise
adversely effect such liens and security interests.

     2. Forbearance. Subject to the terms and conditions set forth herein, the
Administrative Agent and the Lenders agree that they shall, during the Forbearance Period (as
defined below), (i) forbear from exercising any and all rights or remedies available to them under
the Sale and Servicing Agreement, the other Transaction Documents and Applicable Law as a result of
the Acknowledged Termination Event, but only to the extent such rights or remedies arise
exclusively as a result of the Acknowledged Termination Event and (ii) waive application of the
Concentration Limit set forth in clause (a) of the definition of “Concentration Limits”; provided
that the Administrative Agent and the Lenders shall be free to exercise any or all of their rights
and remedies arising on account of the Acknowledged Termination Event and the limited waiver
described in clause (ii) above shall terminate and the Concentration Limits described in clause (a)
of the definition thereof shall be applied, at any time upon or after the end of the Forbearance
Period (as defined below).

     3. Forbearance Termination Events. Nothing set forth herein or contemplated hereby is
intended to constitute an agreement by the Administrative Agent or the Lenders to forbear from
exercising any of the rights available to them under the Sale and Servicing Agreement, the other
Transaction Documents, or Applicable Law (all of which rights and remedies are hereby expressly
reserved by the Administrative Agent and the Lenders) upon or after the occurrence of the end of
the Forbearance Period. As used herein, a “Forbearance Termination Event” shall mean the
occurrence of any Termination Event other than the Acknowledged Termination Event. The period from
the date hereof to (but excluding) the earliest to occur of (a) if the ratio of the Advances
Outstanding at the close of business on July 17, 2008 to the sum of the Borrowing Base calculated
at the close of business on July 17, 2008 (including 60% of the Outstanding Loan Balance as of July
17, 2008 due from Synventive Acquisition Inc.) plus Collections received but not applied to the
reduction of the Advances Outstanding as of the close of business on July 17, 2008 is greater than
55%, July 17, 2008 (b) September 10, 2008 and (c) the date on which a Forbearance Termination Event
occurs shall be referred to as the “Forbearance Period”.

     4. Effectiveness. This Agreement shall be effective as of the date when the following
conditions shall have been satisfied in form and substance satisfactory to the Administrative Agent
shall have received (i) executed counterparts hereto, (ii) executed counterparts to that certain
Omnibus Amendment dated the date hereof and (iii) $3,000,000 cash in reduction of the Advances
Outstanding pursuant to the requirements (other than the notice requirement, which is hereby
waived) set forth in Section 2.5(b) of the Sale and Servicing Agreement (which, for the avoidance
of doubt, shall not result in a corresponding decrease in the Aggregate Outstanding Loan Balance).

2

 

     5. Representations of Loan Parties. Each of the Loan Parties represents and warrants
as follows:

     (a) It has taken all necessary action to authorize the execution, delivery and
performance of this Agreement.

     (b) This Agreement has been duly executed and delivered by such Person and constitutes
such Person’s legal, valid and binding obligation, enforceable in accordance with its terms,
except as such enforceability may be subject to (i) bankruptcy, insolvency, reorganization,
fraudulent conveyance or transfer, moratorium or similar laws affecting creditors’ rights
generally and (ii) general principles of equity (regardless of whether such enforceability
is considered in a proceeding at law or in equity).

     (c) No consent, approval, authorization or order of, or filing, registration or
qualification with, any court or governmental authority or third party is required in
connection with the execution, delivery or performance by such Person of this Agreement.

     (d) The execution and delivery of this Agreement does not (i) violate, contravene or
conflict with any provision of its organization documents or (ii) violate, contravene or
conflict with any laws applicable to it or any of its Subsidiaries.

     (e) Immediately after giving effect to this Agreement, (i) the representations and
warranties of the Loan Parties set forth in the Transaction Documents shall be true and
correct in all material respects (except that the representation as to no existence of a
Termination Event or Potential Termination Event is hereby made subject to the Acknowledged
Termination Event) and (ii) no Potential Termination Event or Termination Event (other than
the Acknowledged Termination Event) shall have occurred or be continuing.

     6. Reference to and Effect on Transaction Documents. Except as specifically modified
herein, the Transaction Documents shall remain in full force and effect. The execution, delivery
and effectiveness of this Agreement shall not operate as a waiver of any right, power or remedy of
the Lenders, the Swingline Purchaser, the Collateral Agent, the Backup Servicer, the Administrative
Agent or the Hedge Counterparty under any of the Transaction Documents, or constitute a waiver or
amendment of any provision of any of the Transaction Documents, except as expressly set forth
herein. Any breach of the terms of this Agreement shall constitute a Termination Event under the
Sale and Servicing Agreement, and this Agreement shall constitute a Transaction Document.

     7. Further Assurances. Each of the parties hereto agrees to execute and deliver, or
to cause to be executed and delivered, all such instruments as may reasonably be requested to
effectuate the intent and purposes, and to carry out the terms, of this Agreement.

     8. GOVERNING LAW. THIS AGREEMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES
HEREUNDER SHALL BE GOVERNED BY AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH THE LAWS OF THE
STATE OF NEW YORK WITHOUT GIVING EFFECT TO ANY CHOICE OF LAW

3

 

PROVISIONS THEREOF (OTHER THAN SECTIONS 5-1401 AND 5-1402 OF THE GENERAL OBLIGATIONS LAW OF
THE STATE OF NEW YORK).

     9. Release. As a material part of the consideration for Administrative Agent and the
Lenders entering into this Agreement, the Loan Parties agree as follows (the “Release
Provision”):

     (a) Release and Discharge. Each Loan Party hereby releases and forever
discharges the Administrative Agent and the Lenders and their respective predecessors,
successors, assigns, officers, managers, directors, shareholders, employees, agents,
attorneys, representatives, parent corporations, subsidiaries, and affiliates (the
“Lender Parties”) jointly and severally from any and all claims, counterclaims,
demands, damages, debts, agreements, covenants, suits, contracts, obligations, liabilities,
accounts, offsets, rights, actions and causes of action of any nature whatsoever, including,
without limitation, all claims, demands, and causes of action for contribution and
indemnity, whether arising at law or in equity, presently possessed, whether known or
unknown, whether liability be direct or indirect, liquidated or unliquidated, presently
accrued, whether absolute or contingent, foreseen or unforeseen, and whether or not
heretofore asserted, which such Loan Party may have or claim to have as of the date of this
Agreement against any Lender Party in any way related to the Transaction Documents.

     (b) Covenant Not to Sue. Each Loan Party agrees not to sue any Lender Party or
in any way assist any other person or entity in suing any Lender Party with respect to any
claim released herein. The Release Provision may be pleaded as a full and complete defense
to, and may be used as the basis for an injunction against, any action, suit, or other
proceeding which may be instituted, prosecuted, or attempted in breach of the release
contained herein.

     (c) Representations and Warranties. Each Loan Party hereby acknowledges,
represents and warrants to each Lender Party that:

     (i) Such Loan Party has read and understands the effect of the Release
Provision. Such Loan Party has had the assistance of independent counsel of its own
choice, or has had the opportunity to retain such independent counsel, in reviewing,
discussing, and considering all the terms of the Release Provision; and if counsel
was retained, counsel for such Loan Party has read and considered the Release
Provision and advised such Loan Party to execute the same. Before execution of this
Agreement, such Loan Party has had adequate opportunity to make whatever
investigation or inquiry it may deem necessary or desirable in connection with the
subject matter of the Release Provision.

     (ii) Such Loan Party has executed this Agreement and the Release Provision
thereof as its free and voluntary act, without any duress, coercion, or undue
influence exerted by or on behalf of any person.

4

 

     (d) Consideration. Such Loan Party understands that the Release Provision was
a material consideration in the agreement of the Administrative Agent and the Lenders to
enter into this Agreement.

     (e) Broadly Construed. It is the express intent of such Loan Party that the
release and discharge set forth in the Release Provision be construed as broadly as possible
in favor of the Administrative Agent and the Lenders so as to foreclose forever the
assertion by such Loan Party of any claims released hereby against the Administrative Agent
and the Lenders.

     10. Miscellaneous.

     (a) Section headings in this Agreement are included herein for convenience of reference
only and shall not constitute a part of this Agreement for any other purpose.

     (b) This Agreement may be executed in any number of separate counterparts, each of
which shall collectively and separately constitute one agreement. Delivery of an executed
counterpart of this Agreement by facsimile shall be effective as an original and shall
constitute a representation that an original shall be delivered to the Administrative Agent.

     11. Entire Agreement. This Agreement and the other Transaction Documents embody the
entire agreement between the parties and supersede all prior agreements and understandings, if any,
relating to the subject matter hereof. This Agreement and the other Transaction Documents
represent the final agreement between the parties and may not be contradicted by evidence of prior,
contemporaneous or subsequent oral agreements of the parties.

[remainder of page intentionally left blank]

5

 

     IN WITNESS WHEREOF, the parties have caused this Agreement to be executed by their respective
officers thereunto duly authorized, as of the date first above written.

	 	 	 	 	 	 	 
	BORROWER:	 	DWFC, LLC,

as a Borrower	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	/s/ Frederick L. White	 	 
	 

	 	 	 	 

Name: Frederick L. White
	 	 
	 

	 	 	 	Title: General Counsel	 	 
	 
	 	 	 	 	 	 
	BORROWER:	 	DEERFIELD TRS (BAHAMAS) LTD.,

as a Borrower	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	/s/ Frederick L. White	 	 
	 

	 	 	 	 

Name: Frederick L. White
	 	 
	 

	 	 	 	Title: General Counsel	 	 
	 
	 	 	 	 	 	 
	THE ORIGINATOR:	 	DEERFIELD CAPITAL LLC,

as the Originator	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	/s/ Frederick L. White	 	 
	 

	 	 	 	 

Name: Frederick L. White
	 	 
	 

	 	 	 	Title: General Counsel	 	 
	 
	 	 	 	 	 	 
	THE SERVICER:	 	DEERFIELD CAPITAL LLC,

as the Servicer	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	/s/ Frederick L. White	 	 
	 

	 	 	 	 

Name: Frederick L. White
	 	 
	 

	 	 	 	Title: General Counsel	 	 

[Signatures Continued on the Following Page]

Forbearance Agreement

 

	 	 	 	 	 	 	 
	THE SWINGLINE PURCHASER:	 	WACHOVIA BANK, NATIONAL

ASSOCIATION, as the Swingline Purchaser	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	/s/ Mike Romanzano	 	 
	 
	 	 	 	 
	 	 
	 
	 	 	 	Name: Mike Romanzano	 	 
	 
	 	 	 	Title: Director	 	 
	 
	 	 	 	 	 	 
	VFCC:	 	VARIABLE FUNDING CAPITAL

COMPANY LLC	 	 
	 
	 	 	 	 	 	 
	 	 	By: Wachovia Capital Markets, LLC,

as attorney-in-fact	 	 
	 
	 	 	 	 	 	 
	 
	 	By:	 	/s/ Douglas R. Wilson, Sr.	 	 
	 
	 	 	 	 
	 	 
	 
	 	 	 	Name: Douglas R. Wilson, Sr.	 	 
	 
	 	 	 	Title: Director	 	 
	 
	 	 	 	 	 	 
	THE ADMINISTRATIVE AGENT:	 	WACHOVIA CAPITAL MARKETS, LLC, as Administrative
Agent and as the VFCC Agent	 	 
	 
	 	 	 	 	 	 
	 
	 	By:	 	/s/ Craig Benton	 	 
	 
	 	 	 	 
	 	 
	 
	 	 	 	Name: Craig Benton	 	 
	 
	 	 	 	Title: Vice President	 	 

[Signatures Continued on the Following Page]

Forbearance Agreement

 

Acknowledged and Agreed to

as of the date first written above.

WACHOVIA BANK, NATIONAL ASSOCIATION,

as a Hedge Counterparty

	 	 	 	 	 
	By:
	 	/s/ Kim V. Farr	 	 
	 

	 	 

Name:    Kim V. Farr
	 	 
	 

	 	Title:      Director	 	 

Forbearance Agreement

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00142-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00142-of-00352.parquet"}]]