Document:

EX-10.1

AMENDMENT NUMBER ONE

to the

MASTER REPURCHASE AGREEMENT

and

PRICING SIDE LETTER,

each dated as of May 16, 2005

among

DB STRUCTURED PRODUCTS, INC.,

ASPEN FUNDING CORP.,

NEWPORT FUNDING CORP.,

ECC CAPITAL CORPORATION,

ENCORE CREDIT CORP.,

BRAVO CREDIT CORPORATION,

ECC SPV II,

ENCORE SPV II

and

BRAVO SPV II

This AMENDMENT NUMBER ONE TO MASTER REPURCHASE AGREEMENT AND PRICING SIDE LETTER (this
“Amendment”), is made and is effective as of this 18th day of August, 2005 (the
“Amendment Number One Effective Date”), among DB Structured Products, Inc. (“DBSP”), Aspen Funding
Corp. (“Aspen”), Newport Funding Corp. (“Newport” and collectively with DBSP and Aspen, the
“Buyers”), ECC Capital Corporation (“ECC”), Encore Credit Corp. (“Encore”), Bravo Credit
Corporation (“Bravo” and collectively with ECC and Encore, the “Guarantors”), ECC SPV II (“ECC
SPV”), Encore SPV II (“Encore SPV”) and Bravo SPV II (“Bravo SPV” and collectively with ECC SPV and
Encore SPV, the “Sellers”).

R E C I T A L S

A. Guarantors, Sellers and Buyers entered into that certain Master Repurchase Agreement dated
as of May 16, 2005 (as amended, supplemented and otherwise modified from time to time, the
“Repurchase Agreement”) and pricing side letter dated as of May 16, 2005 (the “Pricing Side
Letter”).

B. Guarantors, Buyers and Sellers each desire to further modify certain terms of the
Repurchase Agreement and Pricing Side Letter as set forth in this Amendment.

C. Guarantors, Buyers and Sellers each have agreed to execute and deliver this Amendment on
the terms and conditions set forth herein.

NOW, THEREFORE, in consideration of the premises and the mutual covenants contained herein and
in the Repurchase Agreement and Pricing Side Letter, the receipt and sufficiency of which are
hereby acknowledged, the parties hereto agree to the following (all capitalized terms used, but not
defined, herein shall have the meanings ascribed to such terms in the Repurchase Agreement or
Pricing Side Letter, as applicable):

1. Miscellaneous. This Amendment is a document executed pursuant to the Repurchase
Agreement and shall (unless otherwise expressly indicated therein) be construed, administered or
applied in accordance with the terms and provisions thereof, including, without limitation, Section
2 c. thereof.

2. Amendments. Upon the execution of this Amendment by each party hereto and
effective as of the Amendment Number One Effective Date:

(a) With respect to the Repurchase Agreement:

(i) The following definition is hereby added to Section 2
(Definitions and Interpretation) :

"Interest-Only Loan” A Loan which, by its terms, requires the related Mortgagor to
make monthly payments of only accrued interest for the certain period of time following
origination. After such interest-only period, the loan terms provide that the Mortgagor’s monthly
payment will be recalculated to cover both interest and principal so that such Loan will amortize
fully on or prior to its final payment date.”

(ii) The definition of Maximum Aggregate Purchase Price in
Section 2 (Definitions and Interpretation) of the Repurchase
Agreement is hereby deleted in its entirety and replaced with the
following definition:

“Maximum Aggregate Purchase Price” means Four Hundred Million Dollars ($400,000,000),
provided from time to time the Buyers may increase the Maximum Aggregate Purchase Price by One
Hundred Million Dollars ($100,000,000) (the “Uncommitted Amount”) to Five Hundred Million Dollars
($500,000,000). The Buyers may or may not in their sole discretion enter into Transactions with
respect to the Uncommitted Amount and the Sellers acknowledge and agree that the Uncommitted Amount
represents an uncommitted obligation of the Buyers.

(iii) Section (t) of Exhibit B (Representations and Warranties
with Respect to Loans) is hereby deleted in its entirely and replaced
with the following:

“(t)At the time the Loan was originated, the originator was a mortgagee approved by the
Secretary of Housing and Urban Development pursuant to Sections 203 and 211 of the National Housing
Act or a savings and loan association, a savings bank, a commercial bank or similar banking
institution which is supervised and examined by a Federal or State authority. No Loan contains
terms or provisions which would result in negative amortization. Except for an Interest-Only Loan,
principal payments on the Loan commenced no more than sixty (60) days after funds were disbursed in
connection with the Loan. The Mortgage Interest Rate is adjusted, with respect to adjustable rate
Loans, on each Adjustment Date to equal the applicable Index plus the Gross Margin (rounded up or
down to the nearest 0.125%), subject to the Maximum Mortgage Interest Rate. Except for an
Interest-Only Loan, the Note is payable on the first day of each month in equal monthly
installments of principal and interest, which installments of interest, with respect to an
Adjustable Rate Mortgage Loan, are subject to change due to the adjustments to the Mortgage
Interest Rate on each Adjustment Date, with interest calculated and payable in arrears, sufficient
to amortize the Loan fully by the stated maturity date, over an original term of not more than
thirty (30) years from commencement of amortization. The Due Date of the first payment under the
Note is no more than sixty (60) days from the date of the Note. With respect to each Interest-Only
Loan, the interest-only period shall not exceed the period specified on the Loan Schedule and
following the expiration of such interest-only period, the remaining Monthly Payments shall be
sufficient to fully amortize the original principal balance over the remaining term of the Loan.”

(b) With respect to the Pricing Side Letter:

(i) The Facility Fee Amount shall be increased by $133,300 and such additional
amount shall be due and payable on the Amendment Number One Effective Date.

(ii) With respect to the calculation of the Non-Usage Fee, the Maximum
Aggregate Purchase Price shall be $400,000,000 for all purposes, even if the Buyers
decide to purchase additional Uncommitted Amounts.

(iii) The following section shall be added as Section (x)(l) to the definition
of Eligible Loan:

“(l) 40% of the Maximum Aggregate Purchase Price, with respect to the aggregate
amount of Purchased Loans that are Interest-Only Loans.”

3. Reserved.

4. Representations and Warranties. Each of the Sellers and Guarantors hereby
represents and warrants that (a) it has the power and is duly authorized to execute and deliver
this Amendment, (b) this Amendment has been duly authorized, executed and delivered, (c) it is and
will continue to be duly authorized to perform its obligations under the Program Documents, (d) the
execution, delivery and performance by it of this Amendment does not and will not require any
consent or approval, which has not already been obtained, from any Governmental Authority,
equityholder or any other Person, (e) the execution, delivery and performance by it of this
Amendment shall not result in the breach of, or constitute a default under, any material agreement
or instrument to which it is a party and (f) this Amendment and each of the Program Documents
(after giving effect to this Amendment) to which it is a party constitutes its legal, valid and
binding obligations, enforceable against it in accordance with their respective terms, except as
limited by bankruptcy, reorganization, insolvency, fraudulent conveyance, moratorium and other
similar laws (whether statutory, regulatory or decisional) and general equitable principles
affecting creditors’ rights and remedies regardless of whether such enforceability is considered in
a proceeding in equity or at law. The Seller represents and warrants that no Default or Event of
Default has occurred. Each of the Seller and Guarantor represents and warrants that it is in
compliance with all provisions and terms of the Repurchase Agreement and each other Program
Document to which it is a party and by which it may be bound.

5. Expenses. Sellers shall promptly reimburse Buyers for all out-of-pocket costs and
expenses of Buyers in connection with the preparation, execution and delivery of this Amendment
(including, without limitation, the fees and expenses of counsel for Buyers).

6. Entire Agreement; No Other Changes. This Amendment supersedes and integrates all
previous negotiations, contracts, agreements and understandings between the parties with respect to
the subject matter hereof, and it contains the entire final agreement of the parties. Except as
expressly modified or amended in this Amendment, all of the terms, covenants, provisions,
agreements and conditions of the Repurchase Agreement and the Pricing Side letter are hereby
ratified and confirmed in every respect and shall remain unmodified and unchanged and shall
continue in full force and effect.

7. Severability. If any provision of this Amendment is declared invalid by any court
of competent jurisdiction, such invalidity shall not affect any other provision of this Amendment,
and this Amendment shall be enforced to the fullest extent permitted by law.

8. Counterparts. This Amendment may be executed in any number of counterparts and by
the parties hereto in separate counterparts, each of which when so executed and delivered shall be
deemed to be an original and all of which taken together shall constitute one and the same
instrument.

9. GOVERNING LAW; WAIVER OF JURY TRIAL. THIS AGREEMENT SHALL BE CONSTRUED IN
ACCORDANCE WITH, AND GOVERNED BY, THE LAWS OF THE STATE OF NEW YORK, WITHOUT GIVING EFFECT TO THE
CONFLICT OF LAWS PRINCIPLES THEREOF (EXCEPT FOR SECTION 5-1401 AND SECTION 5-1402 OF THE NEW YORK
GENERAL OBLIGATIONS LAW). THE PARTIES HERETO EACH HEREBY WAIVE THE RIGHT OF A TRIAL BY JURY IN ANY
LITIGATION ARISING HEREUNDER.

[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]

1

IN WITNESS WHEREOF, the parties hereto have caused their duly authorized officers to
execute this Amendment Number One to Master Repurchase Agreement and Pricing Side Letter as of the
date first written above.

ECC SPV II, as Seller

By: ECC Capital Corporation, as Administrator

By: /s/ WilliamE.Moffatt

Name: William E. Moffatt

Title: Treasurer

ENCORE SPV II, as Seller

By: Encore Credit Corp., as Administrator

By: /s/ William E. Moffatt

Name: William E. Moffatt

Title: Treasurer

BRAVO SPV II, as Seller

By: Bravo Credit Corporation, as Administrator

By: /s/ William E. Moffatt

Name: William E. Moffatt

Title: Treasurer

ECC CAPITAL CORPORATION, as Originator and Guarantor

By: /s/ William E. Moffatt

Name: William E. Moffatt

Title: Treasurer

ENCORE CREDIT CORP., as Guarantor and Originator

By: /s/ William E. Moffatt

Name: William E. Moffatt

Title: Treasurer

BRAVO CREDIT CORPORATION, as Guarantor and Originator

By: /s/ William E. Moffatt

Name: William E. Moffatt

Title: Treasurer

DB STRUCTURED PRODUCTS, INC., as Buyer and Agent, as applicable

By: /s/ Vincent D’Amore

Name: Vincent D’Amore

Title: Authorized Signatory

By: /s/ Glenn Minkoff

Name: Glenn Minkoff

Title: Director

ASPEN FUNDING CORP., as Buyer and Agent, as applicable

By: /s/ Doris J. Hearn

Name: Doris J. Hearn

Title: Vice President

NEWPORT FUNDING CORP., as Buyer and Agent, as applicable

By: /s/ Doris J. Hearn

Name: Doris J. Hearn

Title: Vice President

2SEVENTH SUPPLEMENTAL INDENTURE

SEVENTH SUPPLEMENTAL INDENTURE

SEVENTH SUPPLEMENTAL INDENTURE (this “Supplemental Indenture”), dated as of May 23, 2005 among:  Dollar General Corporation (the “Company”), a corporation duly organized and existing under the laws of the State of Tennessee; Dolgencorp, Inc., a Kentucky corporation; Dolgencorp of Texas, Inc., a Kentucky corporation; DG Logistics, LLC, a Tennessee limited liability company; Dade Lease Management, Inc., a Delaware corporation; Dollar General Partners, a Kentucky general partnership; Dollar General Financial, Inc., a Tennessee corporation; Nations Title Company, Inc., a Tennessee corporation; Dollar General Intellectual Property, L.P., a Vermont limited partnership; The Greater Cumberland Insurance Company, a Vermont corporation; Dolgencorp of New York, Inc., a Kentucky corporation; Dollar General Stores, Ltd., a Kentucky limited partnership; DGC Properties, LLC, a Delaware limited liability company; DGC Properties of Kentucky, LLC, a Delaware limited liability company; Dollar General Investment, Inc., a Delaware corporation; Lonestar Administrative Services, Inc., a Tennessee corporation; Dollar General Global Sourcing Limited, a Hong Kong corporation; and DGC Holdings, LLC, a Delaware limited liability company (collectively, the “Existing Guarantors”); and Ashley River Insurance Company, Inc., a South Carolina corporation, and DG Transportation, Inc., a Tennessee corporation (the “Additional Guarantors” and, together with the Existing Guarantors, the “Guarantors”); and Wachovia Bank, National Association, [formerly known as First Union National Bank] a national banking association, as trustee (the “Trustee”).

WITNESSETH

WHEREAS, the Company and the Existing Guarantors have heretofore executed and delivered to the Trustee an indenture (the “Indenture”), dated as of June 21, 2000, as amended by that certain First Supplemental Indenture dated as of July 28, 2000, that certain Second Supplemental Indenture dated as of June 18, 2001, that certain Third Supplemental Indenture dated as of June 20, 2002, that certain Fourth Supplemental Indenture dated as of December 11, 2002, that certain Fifth Supplemental Indenture dated as of May 23, 2003, and that certain Sixth Supplemental Indenture dated as of July 15, 2003, providing for the issuance of an aggregate principal amount of $200,000,000 of 8 5/8% Notes due June 15, 2010 (the “Notes”);

WHEREAS, Section 4.06 and Article X of the Indenture provide that under certain circumstances the Company may or must cause certain of its Subsidiaries to execute and deliver to the Trustee a supplement to the Indenture pursuant to which such Subsidiaries shall unconditionally guarantee all of the Company’s Obligations under the Notes pursuant to a Guarantee on the terms and conditions set forth herein; and 

WHEREAS, pursuant to Section 9.01 of the Indenture, the Trustee is authorized to execute and deliver this Supplemental Indenture.

NOW THEREFORE, in consideration of the foregoing and for other good and valuable consideration, the receipt of which is hereby acknowledged, the Company, the Additional Guarantor and the Trustee mutually covenant and agree for the equal and ratable benefit of the Holders of the Notes as follows:

1.

Capitalized Terms.  Capitalized terms used herein without definition shall have the meanings assigned to them in the Indenture.

2.

Agreement to Guarantee.  The Additional Guarantor hereby agrees, jointly and severally with all other Guarantors, to unconditionally guarantee the Company’s Obligations under the Notes and the Indenture on the terms and subject to the conditions set forth in Article X of the Indenture and to be bound by all other applicable provisions of the Indenture and the Notes.  The Additional Guarantor hereby agrees that its Guarantee shall remain in full force and effect notwithstanding any failure to endorse on each Note a notation of such Guarantee.  This Guarantee is subject to release as and to the extent provided in Section 10.04 of the Indenture.  This Guarantee shall remain in full force and effect irrespective of the release of the Guarantee of any Guarantor other than the Additional Guarantor making the Guarantee as provided in Section 10.04 of the Indenture.

3.

No Recourse Against Others.  No past, present or future director, officer, employee, incorporator, partner, member, shareholder or agent of any Guarantor, as such, shall have any liability for any obligations of the Company or any Guarantor under the Notes, any Guarantee, the Indenture or this Supplemental Indenture or for any claim based on, in respect of, or by reason of, such obligations.  Each Holder by accepting a Note waives and releases all such liability.  Such waiver and release form a part of the consideration for issuance of the Notes and the Guarantees.

4.

Governing Law.  This Supplemental Indenture shall be governed by, and construed in accordance with, the laws of the State of New York.

5.

Counterparts.  The parties may sign any number of copies of this Supplemental Indenture.  Each signed copy shall be an original, but all of them together represent the same agreement.

6.

Effect of Headings.  The Section headings herein are for convenience only and shall not affect the construction hereof.

7.

The Trustee.  The Trustee shall not be responsible in any manner whatsoever for or in respect of the validity or sufficiency of this Supplemental Indenture or for or in respect of the correctness of the recitals of fact contained herein, all of which recitals are made solely by the Additional Guarantor.

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

	 	 	ASHLEY RIVER INSURANCE COMPANY, INC.

	 	 	 	 	 	 	 
	 	 	 	 	 	By: 

	/s/ Wade Smith

	 
	 	 	 	 	 	Name:

	Wade Smith

	 
	 	 	 	 	 	Title:

	Treasurer

	 

	 	 	DG TRANSPORTATION, INC.

	 	 	 	 	 	 	 
	 	 	 	 	 	By: 

	/s/ Wade Smith

	 
	 	 	 	 	 	Name:

	Wade Smith

	 
	 	 	 	 	 	Title:

	Treasurer

	 

	 	 	DOLLAR GENERAL CORPORATION

	 	 	 	 	 	 	 
	 	 	 	 	 	By: 

	/s/ Wade Smith

	 
	 	 	 	 	 	Name:

	Wade Smith

	 
	 	 	 	 	 	Title:

	Treasurer

	 

	 	 	DOLGENCORP, INC.

	 	 	 	 	 	 	 
	 	 	 	 	 	By: 

	/s/ Wade Smith

	 
	 	 	 	 	 	Name:

	Wade Smith

	 
	 	 	 	 	 	Title:

	Treasurer

	 

	 	 	DOLGENCORP OF TEXAS, INC.

	 	 	 	 	 	 	 
	 	 	 	 	 	By: 

	/s/ Wade Smith

	 
	 	 	 	 	 	Name:

	Wade Smith

	 
	 	 	 	 	 	Title:

	Treasurer

	 

	 	 	DG LOGISTICS, LLC

	 	 	By:  Dolgencorp, Inc., its Managing Member

	 	 	 	 	 	 	 
	 	 	 	 	 	By: 

	/s/ Wade Smith

	 
	 	 	 	 	 	Name:

	Wade Smith

	 
	 	 	 	 	 	Title:

	Treasurer

	 

	 	 	DADE LEASE MANAGEMENT, INC.

	 	 	 	 	 	 	 
	 	 	 	 	 	By: 

	/s/ Wade Smith

	 
	 	 	 	 	 	Name:

	Wade Smith

	 
	 	 	 	 	 	Title:

	Treasurer

	 

	 	 	DOLLAR GENERAL PARTNERS

	 	 	 
	 	 	By:  Dolgencorp, Inc., a general partner

	 	 	 	 	 	 	 
	 	 	 	 	 	By: 

	/s/ Wade Smith

	 
	 	 	 	 	 	Name:

	Wade Smith

	 
	 	 	 	 	 	Title:

	Treasurer

	 

	 	 	By:  Dade Lease Management, Inc., a general partner

	 	 	 	 	 	 	 
	 	 	 	 	 	By: 

	/s/ Wade Smith

	 
	 	 	 	 	 	Name:

	Wade Smith

	 
	 	 	 	 	 	Title:

	Treasurer

	 

	 	 	By:  Dollar General Financial, Inc., a general partner

	 	 	 	 	 	 	 
	 	 	 	 	 	By: 

	/s/ Wade Smith

	 
	 	 	 	 	 	Name:

	Wade Smith

	 
	 	 	 	 	 	Title:

	Treasurer

	 

	 	 	DOLLAR GENERAL FINANCIAL, INC.

	 	 	 	 	 	 	 
	 	 	 	 	 	By: 

	/s/ Wade Smith

	 
	 	 	 	 	 	Name:

	Wade Smith

	 
	 	 	 	 	 	Title:

	Treasurer

	 

	 	 	NATIONS TITLE COMPANY, INC.

	 	 	 	 	 	 	 
	 	 	 	 	 	By: 

	/s/ Wade Smith

	 
	 	 	 	 	 	Name:

	Wade Smith

	 
	 	 	 	 	 	Title:

	Treasurer

	 

	 	 	DOLLAR GENERAL INTELLECTUAL

	 	 	PROPERTY, L.P.

	 	 	 
	 	 	By:  Dade Lease Management, Inc., its General Partner

	 	 	 	 	 	 	 
	 	 	 	 	 	By: 

	/s/ Wade Smith

	 
	 	 	 	 	 	Name:

	Wade Smith

	 
	 	 	 	 	 	Title:

	Treasurer

	 

	 	 	THE GREATER CUMBERLAND INSURANCE

	 	 	COMPANY

	 	 	 	 	 	 	 
	 	 	 	 	 	By: 

	/s/ Wade Smith

	 
	 	 	 	 	 	Name:

	Wade Smith

	 
	 	 	 	 	 	Title:

	Treasurer

	 

	 	 	DOLGENCORP OF NEW YORK, INC.

	 	 	 	 	 	 	 
	 	 	 	 	 	By: 

	/s/ Wade Smith

	 
	 	 	 	 	 	Name:

	Wade Smith

	 
	 	 	 	 	 	Title:

	Treasurer

	 

	 	 	DOLLAR GENERAL STORES

	 	 	By:  Dolgencorp, Inc., its general partner

	 	 	 	 	 	 	 
	 	 	 	 	 	By: 

	/s/ Wade Smith

	 
	 	 	 	 	 	Name:

	Wade Smith

	 
	 	 	 	 	 	Title:

	Treasurer

	 

	 	 	DGC PROPERTIES, LLC

	 	 	By:  Dolgencorp, Inc., its Managing Member

	 	 	 	 	 	 	 
	 	 	 	 	 	By: 

	/s/ Wade Smith

	 
	 	 	 	 	 	Name:

	Wade Smith

	 
	 	 	 	 	 	Title:

	Treasurer

	 

	 	 	DGC PROPERTIES OF KENTUCKY, LLC

	 	 	 	 	 	By:  Dollar General Partners, its Managing Member

	 
	 	 	 	 	 	By:  Dolgencorp, Inc., a general partner

	 
	 	 	 	 	 	 	 
	 	 	 	 	 	By: 

	/s/ Wade Smith

	 
	 	 	 	 	 	Name:

	Wade Smith

	 
	 	 	 	 	 	Title:

	Treasurer

	 
	 	 	 	 	 	 	 	 
	 	 	 	 	 	By:  Dade Lease Management, Inc., a general partner

	 	 	 	 	 	 	 	 
	 	 	 	 	 	By: 

	/s/ Wade Smith

	 
	 	 	 	 	 	Name:

	Wade Smith

	 
	 	 	 	 	 	Title:

	Treasurer

	 
	 	 	 	 	 	 	 	 
	 	 	 	 	 	By:  Dollar General Financial, Inc., a general partner

	 	 	 	 	 	 	 	 
	 	 	 	 	 	By: 

	/s/ Wade Smith

	 
	 	 	 	 	 	Name:

	Wade Smith

	 
	 	 	 	 	 	Title:

	Treasurer

	 

	 	 	DOLLAR GENERAL INVESTMENT, INC.

	 	 	 	 	 	 	 
	 	 	 	 	 	By: 

	/s/ Wade Smith

	 
	 	 	 	 	 	Name:

	Wade Smith

	 
	 	 	 	 	 	Title:

	Treasurer

	 

	 	 	LONESTAR ADMINISTRATIVE SERVICES, INC.

	 	 	 	 	 	 	 
	 	 	 	 	 	By: 

	/s/ Wade Smith

	 
	 	 	 	 	 	Name:

	Wade Smith

	 
	 	 	 	 	 	Title:

	Treasurer

	 

	 	 	DOLLAR GENERAL GLOBAL SOURCING

	 	 	LIMITED

	 	 	 	 	 	 	 
	 	 	 	 	 	By: 

	/s/ Wade Smith

	 
	 	 	 	 	 	Name:

	Wade Smith

	 
	 	 	 	 	 	Title:

	Treasurer

	 

	 	 	DGC HOLDINGS, LLC

	 	 	By:  Dollar General Corporation, its Managing Member

	 	 	 	 	 	 	 
	 	 	 	 	 	By: 

	/s/ Wade Smith

	 
	 	 	 	 	 	Name:

	Wade Smith

	 
	 	 	 	 	 	Title:

	Treasurer

	 

	 	 	WACHOVIA BANK, NATIONAL ASSOCIATION, 

	 	 	TRUSTEE

	 	 	 	 	 	 	 
	 	 	 	 	 	By: 

	/s/ Laura Bass

	 
	 	 	 	 	 	Name:

	Laura Bass

	 
	 	 	 	 	 	Title:

	Assistant Vice President

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