AMENDMENT NO. 2 TO THE CREDIT AGREEMENT

Contract Categories: Business Finance - Credit Agreements
EX-10.1 2 dex101.htm AMENDMENT NO. 2 TO THE CREDIT AGREEMENT Amendment No. 2 to the Credit Agreement

Exhibit 10.1

Execution Version

AMENDMENT NO. 2 TO THE CREDIT AGREEMENT

Dated as of June 1, 2007

AMENDMENT NO. 2 TO THE CREDIT AGREEMENT among Affinion Group Holdings, Inc., a Delaware corporation (“Holdings”), Affinion Group, Inc., a Delaware corporation (the “Borrower”), the Lenders (as defined in the Credit Agreement referred to below) listed on the signature pages hereto, the various agents party hereto, and Credit Suisse, Cayman Islands Branch, as administrative agent for the Lenders (in such capacity, the “Administrative Agent”).

PRELIMINARY STATEMENTS:

(1) Holdings and the Borrower have entered into that certain Credit Agreement, dated as of October 17, 2005, as amended by Amendment No. 1 to the Credit Agreement, dated as of December 22, 2006 (the “Credit Agreement”), with the Administrative Agent, Deutsche Bank Securities, Inc, as syndication agent, and Bank of America, N.A. and BNP Paribas Securities Corp., as documentation agents. Capitalized terms not otherwise defined in this Amendment have the same meanings as specified in the Credit Agreement.

(2) Holdings and the Borrower have requested and the undersigned Lenders and the Administrative Agent have agreed, on the terms and conditions stated below, to amend and modify the Credit Agreement as set forth herein.

(3) Accordingly, in consideration of the mutual agreements set forth herein and other good and valuable consideration, the sufficiency and receipt of which are hereby acknowledged, the parties hereto agree as follows, effective as of the Amendment No. 2 Effective Date (as defined below):

SECTION 1. Amendments to Credit Agreement.

(a) Section 1.01 of the Credit Agreement is hereby amended by inserting therein the following new defined terms in the correct alphabetical order:

Amendment No. 2” means Amendment No. 2, dated as of June 1, 2007, to the Credit Agreement dated as of October 17, 2005 among Holdings, the Borrower, each of the Lenders listed on the signature pages thereto and the Administrative Agent.

Amendment No. 2 Effective Date” has the meaning specified in Amendment No. 2.

Holdings Credit Agreement” means the Credit Agreement dated as of January 31, 2007, among Holdings, the lenders party thereto, Deutsche Bank Trust Company Americas, as administrative agent and Bank of America Securities LLC, as syndication agent, as in effect on the Amendment No. 2 Effective Date, and as amended from time to time thereafter.

 

Amendment No. 2 to the Affinion Credit Agreement

1


(b) Section 2.19(d) of the Credit Agreement is hereby amended by replacing the words “on or before the date that is one year after the Closing Date” with “after the Amendment No. 2 Effective Date but prior to March 1, 2008”.

(c) Section 6.06(h) of the Credit Agreement is hereby amended and restated in its entirety to read as follows:

“(h) after an applicable Bridge Financing Covenant Release, the Borrower may elect to declare and pay Dividends to Holdings in an amount not to exceed the Available Free Cash Flow Amount, such election to be specified as provided in a written notice of a Responsible Officer of the Borrower calculating in reasonable detail the amount of Available Free Cash Flow Amount immediately prior to such election and the amount thereof elected to be so applied; provided, that (i) no Default or Event of Default shall have occurred and be continuing or would result therefrom and any related transactions (including, without limitation, the incurrence of any Indebtedness), and (ii) if the declaration and payment of a Dividend to Holdings in order to permit Holdings to make the cash interest payment scheduled to be made on March 1, 2008 with respect to the Holdings Credit Agreement (the “Holdings March 2008 Interest Dividend”) exceeds the amount of interest that Holdings actually pays in cash for such interest period under Section 2.07(a) of the Holdings Credit Agreement, as in effect on the Amendment No. 2 Effective Date (the “Excess Dividend”), then such Excess Dividend shall promptly be returned by Holdings to Borrower in the form of a cash capital contribution, and (iii) for any such Dividend other than the Holdings March 2008 Interest Dividend, immediately after giving effect to the payment of such Dividend and any related transactions (including, without limitation, the incurrence of any Indebtedness) on a Pro Forma Basis, the Senior Secured Bank Leverage Ratio shall not exceed 2.25 to 1.0;”

(d) Section 6.08(b) of the Credit Agreement is hereby amended by replacing the “and” prior to clause (v) thereof with “,” and by replacing the “.” at the end of the section with:

“and (vi) holding the proceeds of Dividends received pursuant to Section 6.06(h) and investing such proceeds in Permitted Investments.”

SECTION 2. Conditions of Effectiveness. This Amendment is subject to the provisions of Section 9.08 of the Credit Agreement. This Amendment shall become effective as of the date when, and only when, (the “Amendment No. 2 Effective Date”) each of the following conditions shall have been fulfilled to the satisfaction of the Administrative Agent:

The Administrative Agent shall have received counterparts of this Amendment executed by Holdings, the Borrower, each of the Tranche B Lenders and the Required Lenders or, as to any of such Lenders, advice satisfactory to the Administrative Agent that such Lender has executed this Amendment, and the Administrative Agent shall have additionally received all of following documents, each of which (unless otherwise specified) shall be dated the date of

 

Amendment No. 2 to the Affinion Credit Agreement

2


receipt thereof by the Administrative Agent (unless otherwise specified) and in sufficient copies for each Lender, in form and substance satisfactory to the Administrative Agent (unless otherwise specified) and in sufficient copies for each Lender:

(i) Counterparts of the consent attached hereto executed by each Subsidiary Guarantor; and

(ii) A certificate signed by a duly authorized officer of Holdings and the Borrower stating that:

(A) The representations and warranties contained in the Loan Documents and in Section 3 hereof that are qualified by materiality are true and correct, and each of such representations and warranties that are no so qualified are true and correct in all material respects, in each case, on and as of the date of such certificate as though made on and as of such date other than any such representations and warranties that, by their terms, expressly refer to a specific date other than the date of such certificate, in which case as of such specific date; and

(B) As of the Amendment No. 2 Effective Date, no event has occurred and is continuing that constitutes a Default or an Event of Default.

SECTION 3. Representations and Warranties of the Borrower. The Borrower represents and warrants as follows:

(a) The execution, delivery and performance by Holdings and the Borrower of this Amendment, the execution and delivery of the Consent hereto by each Subsidiary Guarantor and the performance by Holdings, the Borrower and each Subsidiary Guarantor of the Credit Agreement, as amended hereby, have been duly authorized by all necessary corporate action.

(b) This Amendment has been duly executed and delivered by Holdings and the Borrower and the Consent has been duly executed by each Subsidiary Guarantor. This Amendment and the Credit Agreement, as amended hereby, constitute the legal, valid and binding obligations of Holdings, the Borrower and the Subsidiary Guarantors, enforceable against Holdings, the Borrower and the Subsidiary Guarantors in accordance with their respective terms, subject to the effect of any applicable bankruptcy, insolvency, reorganization, moratorium or similar law affecting creditors’ rights generally, and subject to the effects of general principles of equity (regardless of whether considered in a proceeding in equity or at law).

 

Amendment No. 2 to the Affinion Credit Agreement

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SECTION 4. Reference to and Effect on the Credit Agreement and the other Loan Documents. (a) On and after the effectiveness of this Amendment, 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 Notes and each of 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.

(b) The Credit Agreement, the Notes and each of the other Loan Documents, as specifically amended by this Amendment, are and shall continue to be in full force and effect and are hereby in all respects ratified and confirmed. Without limiting the generality of the foregoing, the Collateral Documents and all of the Collateral described therein do and shall continue to secure the payment of all Obligations of the Loan Parties under the Loan Documents, in each case as amended by this Amendment.

(c) The execution, delivery and effectiveness of this Amendment shall not, except as expressly provided herein, operate as a waiver of any right, power or remedy of any Lender or Administrative Agent under any of the Loan Documents, nor constitute a waiver of any provision of any of the Loan Documents.

SECTION 5. Costs and Expenses. The Borrower agrees to pay on demand all costs and expenses of the Administrative Agent in connection with the administration of the Credit Agreement and the preparation, execution, delivery and administration, modification and amendment of this Amendment and the other instruments and documents to be delivered hereunder (including, without limitation, the reasonable fees and expenses of counsel for the Administrative Agent) in accordance with the terms of Section 9.05 of the Credit Agreement.

SECTION 6. Execution in Counterparts. This Amendment may be executed in any number of counterparts and by different parties hereto in separate counterparts, each of which when so executed shall be deemed to be an original and all of which taken together shall constitute but one and the same agreement. Delivery of an executed counterpart of a signature page to this Amendment by telecopier shall be effective as delivery of a manually executed counterpart of this Amendment.

SECTION 7. Governing Law. This Amendment shall be governed by, and construed in accordance with, the laws of the State of New York.

 

Amendment No. 2 to the Affinion Credit Agreement

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

 

AFFINION GROUP, INC.
By   /s/ Nathaniel Lipman
  Name: Nathaniel Lipman
  Title:   President and Chief Executive Officer
AFFINION GROUP HOLDINGS, INC.
By   /s/ Nathaniel Lipman
  Name: Nathaniel Lipman
  Title:   President and Chief Executive Officer

 

Amendment No. 2 to the Affinion Credit Agreement


 

SIGNATURE PAGE TO AMENDMENT NO. 2 TO THE AFFINION GROUP, INC. CREDIT AGREEMENT DATED AS OF OCTOBER 17, 2005
Agreed as of the date first above written:
CREDIT SUISSE, CAYMAN ISLANDS BRANCH,
as Administrative Agent and as Lender
By:  

/s/ Robert Hetu

  Name: Robert Hetu
  Title:   Managing Director
By:  

/s/ Denise L. Alvarez

  Name: Denise L. Alvarez
  Title:   Associate

Amendment No. 2 to the Affinion Credit Agreement

 


 

  

SIGNATURE PAGE TO AMENDMENT NO. 2 TO THE AFFINION GROUP, INC. CREDIT AGREEMENT DATED AS OF OCTOBER 17, 2005

  

Agreed as of the date first above written:

Lender:

  

IKB Capital Corporation

   By:  

/s/ David N. Snyder

     Name: David N. Snyder
     Title:   President
   By:  

/s/ William Backus

     Name: William Backus
     Title:   Portfolio Manager
Lender:    Bacchus (US) 2006-1, Ltd
   By:  

/s/ David N. Snyder

     Name: David N. Snyder
     Title:   President
   By:  

/s/ William Backus

     Name: William Backus
     Title:   Vice President
Lender:    Rosedale CLO
   By: Princeton Advisory Group, Inc. the Collateral Agent Acting as Attorney-In-Fact
   By:  

/s/ Jennifer Wright

     Name: Jennifer Wright
     Title:   Vice President

 

Lender:    The Hartford Mutual Funds, Inc., on behalf of the Hartford Floating Rate Fund
   By: Hartford Investment Management Company, its sub-advisor
   By:  

/s/ Alan Buck

     Name: Alan Buck
     Title:   Assistant Vice President

 

Lender:   

Hartford Institutional Trust, on behalf of its Floating Rate Bank Loan Series

   By: Hartford Investment Management Company, Its Investment Manager
   By:  

/s/ Alan Buck

     Name: Alan Buck
     Title:   Assistant Vice President

Amendment No. 2 to the Affinion Credit Agreement

 


 

  SIGNATURE PAGE TO AMENDMENT NO. 2 TO THE AFFINION GROUP, INC. CREDIT AGREEMENT DATED AS OF OCTOBER 17, 2005
  Agreed as of the date first above written:
Lender:   Whitehorse III, Ltd.
  By: Whitehorse Capital Partners, L.P.
  as Collateral Manager
  By:  

/s/ Ethan M. Underwood, CFA

    Name: Ethan M. Underwood, CFA
    Title:   Portfolio Manager
Lender:   GOF Loan Funding LLC
  By:  

/s/ Alicia Marthaler

    Name: Alicia Marthaler
    Title:   Attorney-in-fact
Lender:  

The Hartford Mutual Funds, Inc., on behalf of the Hartford Floating Rate Fund

By: Hartford Investment Management Company, its sub-advisor

  By:  

/s/ John P. Connor

    Name: John P. Connor
    Title:   Senior Vice President
Lender:  

Hartford Institutional Trust, on behalf of its Floating Rate Bank Loan Series

By: Hartford Investment Management Company, Its Investment Manager

  By:  

/s/ John P. Connor

    Name: John P. Connor
    Title:   Senior Vice President
Lender:   GOF Loan Funding LLC
  By:  

/s/ Janet Haack

    Name: Janet Haack
    Title:   Attorney in fact
Lender:   Cannington Funding Ltd.
  By: Silvermine Capital management LTD
  as Investment Manager
  By:  

/s/ Richard F. Kurth

    Name: Richard F. Kurth
    Title:   Managing Director

Amendment No. 2 to the Affinion Credit Agreement


 

SIGNATURE PAGE TO AMENDMENT NO. 2 TO THE AFFINION GROUP, INC. CREDIT AGREEMENT DATED AS OF OCTOBER 17, 2005

Agreed as of the date first above written:
Lender:  

Loan Funding XIII LLC

By: Silvermire Capital Management, LLC

as Investment Manager

  By:  

/s/ Richard F. Kurth

    Name: Richard F. Kurth
    Title:   Managing Director

 

Lender:   Greens Creek Funding Ltd.,
  By: Silvermine Capital Management, LLC
  as Investment Manager
  By:  

/s/ Richard F. Kurth

    Name: Richard F. Kurth
    Title:   Managing Director

 

Lender:   Comstock Funding Ltd.
  By: Silvermine Capital Management, LLC
  as Investment Manager
  By:  

/s/ Richard F. Kurth

    Name: Richard F. Kurth
    Title:   Managing Director
Lender:   Beecher CBNA Loan Funding LLC
  By:  

/s/ Janet Haack

    Name: Janet Haack
    Title:   As Attorney In Fact
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:    Attorney In Fact
Lender:   Stedman CBNA Loan Funding LLC, for itself or as agent for Stedman CFPI Loan Funding LLC.
  By:  

/s/ Janet Haack

    Name: Janet Haack
    Title:   Attorney In Fact

Amendment No. 2 to the Affinion Credit Agreement


 

   SIGNATURE PAGE TO AMENDMENT NO. 2 TO THE AFFINION GROUP, INC. CREDIT AGREEMENT DATED AS OF OCTOBER 17, 2005
   Agreed as of the date first above written:
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:   Attorney In Fact
Lender:    Baker Street CLO III Ltd
   as Warehouse Manager
   By:  

/s/ Eric Brune

     Name: Eric Brune
     Title:   Vice President
Lender:   

Baker Street Funding CLO 2005-1 Ltd.

as Collateral Manager

   By:  

/s/ Eric Brune

     Name: Eric Brune
     Title:   Vice President
Lender:   

GoldenTree Capital Opportunities, LP

By: GoldenTree Asset Management, LP

   By:  

/s/ Karen Weber

     Name: Karen Weber
     Title:   Authorized Signatory
Lender:    GoldenTree 2004 Trust
   By: GoldenTree Asset Management, LP
   By:  

/s/ Karen Weber

     Name: Karen Weber
     Title:   Authorized Signatory
Lender:   

GoldenTree Loan Opportunities IV, Ltd

By: GoldenTree Asset Management, LP

   By:  

/s/ Karen Weber

     Name: Karen Weber
     Title:   Authorized Signatory

Amendment No. 2 to the Affinion Credit Agreement


 

   SIGNATURE PAGE TO AMENDMENT NO. 2 TO THE AFFINION GROUP, INC. CREDIT AGREEMENT DATED AS OF OCTOBER 17, 2005
   Agreed as of the date first above written:
Lender:    NACM CLO I
   By:  

/s/ Joanna Willars

     Name Joanna Willars
     Title:   Authorized Signatory
Lender:    Deutsche Bank AG New York Branch
   By:  

/s/ Scottye Lindsey

     Name: Scottye Lindsey
     Title:   Director
   By:  

/s/ Evelyn Thierry

     Name: Evelyn Thierry
     Title:   Vice President
Lender:    Premium Loan Trust I, Ltd.
   By:  

/s/ Colin Donlan

     Name: Colin Donlan
     Title:   Director
Lender:    Light Point CLO III, Ltd.
   By:  

/s/ Colin Donlan

     Name: Colin Donlan
     Title:   Director
Lender:    Light Point CLO IV, Ltd.
   By:  

/s/ Colin Donlan

     Name: Colin Donlan
     Title:   Director
Lender:    Light Point CLO V, Ltd.
   By:  

/s/ Colin Donlan

     Name: Colin Donlan
     Title:   Director

Ammendment No. 2 to the Affinion Credit Agreement


   SIGNATURE PAGE TO AMENDMENT NO. 2 TO THE AFFINION GROUP, INC. CREDIT AGREEMENT DATED AS OF OCTOBER 17, 2005
   Agreed as of the date first above written:
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
Lender:   

Wind River CLO II – Tate Investors, Ltd.

By: McDonnell Investment Management, LLC

as Manager

   By:  

/s/ Kathleen A. Zarn

     Name: Kathleen A. Zarn
     Title:   Vice President
Lender:   

McDonnell Loan Opportunity Ltd.

By: McDonnell Investment Management, LLC

as Investment Manager

   By:  

/s/ Kathleen A. Zarn

     Name: Kathleen A. Zarn
     Title:   Vice President
Lender:   

Gannett Peak CLO I Ltd.

By: McDonnell Investment Management, LLC

as Investment Manager

   By:  

/s/ Kathleen A. Zarn

     Name: Kathleen A. Zarn
     Title:   Vice President
Lender:    BNP Paribas
   By:  

/s/ Cecile Scherer

     Name: Cecile Scherer
     Title:   Director
   By:  

/s/ Charles Romano

     Name: Charles Romano
     Title:   Vice President

Ammendment No. 2 to the Affinion Credit Agreement


 

   SIGNATURE PAGE TO AMENDMENT NO. 2 TO THE AFFINION GROUP, INC. CREDIT AGREEMENT DATED AS OF OCTOBER 17, 2005
   Agreed as of the date first above written:
Lender:    Atlas Loan Funding (Hartford), LLC
   By: Atlas Capital Funding, Ltd.
  

By: Structured Asset Investors, LLC

Its: Investment Manager

   By:  

/s/ Diana M. Himes

     Name: Diana M. Himes
     Title:   Vice President
Lender:    WB Loan Funding 6 (Onshore), LLC
   By:  

/s/ Diana M. Himes

     Name: Diana M. Himes
     Title:   Vice President
Lender:    WB Loan Funding 7 (Onshore), LLC
   By:  

/s/ Diana M. Himes

     Name: Diana M. Himes
     Title:   Vice President
Lender:   

Hamlet II, Ltd.

By: Octagon Credit Investors, LLC

as Portfolio Manager

   By:  

/s/ Michael B. Nechamkin

     Name: Michael B. Nechamkin
     Title:   Senior Portfolio Manager
Lender:   

Octagon Investment Partners IX, Ltd.

By: Octagon Credit Investors, LTD

as Manager

   By:  

/s/ Michael B. Nechamkin

     Name: Michael B. Nechamkin
     Title:   Senior Portfolio Manager
Lender:   

Octagon Investment Partners V, Ltd.

By: Octagon Credit Investors, LLC

as Portfolio Manager

   By  

/s/ Michael B. Nechamkin

     Name: Michael B. Nechamkin
     Title:   Senior Portfolio Manager

Ammendment No. 2 to the Affinion Credit Agreement


 

   SIGNATURE PAGE TO AMENDMENT NO. 2 TO THE AFFINION GROUP, INC. CREDIT AGREEMENT DATED AS OF OCTOBER 17, 2005
   Agreed as of the date first above written:
Lender:    Octagon Investment Partners VI, Ltd.
  

By: Octagon Credit Investors, LLC

  

as collateral manager

   By:  

/s/ Michael B. Nechamkin

     Name: Michael B. Nechamkin
     Title:   Senior Portfolio Manager
Lender:    Octagon Investment Partners VII, Ltd.
   By: Octagon Credit Investors, LLC
   as collateral manager
   By:  

/s/ Michael B. Nechamkin

     Name: Michael B. Nechamkin
     Title:   Senior Portfolio Manager
Lender:   

Octagon Investment Partners VIII, Ltd.

By: Octagon Credit Investors, LLC

as collateral manager

   By:  

/s/ Michael B. Nechamkin

     Name: Michael B. Nechamkin
     Title:   Senior Portfolio Manager
Lender:   

Octagon Investment Partners X, Ltd.

By: Octagon Credit Investors, LLC

as collateral manager

   By:  

/s/ Michael B. Nechamkin

     Name: Michael B. Nechamkin
     Title:   Senior Portfolio Manager
Lender:   

Octagon Investment Partners XI, Ltd.

By: Octagon Credit Investors, LLC

as Manager

   By:  

/s/ Michael B. Nechamkin

     Name: Michael B. Nechamkin
     Title:   Collateral Manager

Ammendment No. 2 to the Affinion Credit Agreement


 

   SIGNATURE PAGE TO AMENDMENT NO. 2 TO THE AFFINION GROUP, INC. CREDIT AGREEMENT DATED AS OF OCTOBER 17, 2005
   Agreed as of the date first above written:
Lender:   

MFL Ares Enhanced Loan Investment Strategy IR, Ltd.

as Trustee of the Ares Enhanced Loan Investment Strategy IR Trust

  

By: Ares Enhanced Loan Management IR, L.P.

as its Portfolio Partner

  

By: Ares Enhanced Loan IR GP, LLC,

as its General Partner

  

By: Ares Management LLC,

as its Manager

   By:  

/s/ Seth J. Brufsky

     Name: Seth J. Brufsky
     Title:   Vice President
Lender:   

Ares Enhanced Loan Investment Strategy II, Ltd.

   By: Ares Enhanced Loan Management II, L.P.,
  

Its:

 

Investment Manager

   By:  

Ares Enhanced Loan GP II, LLC

   Its:   General Partner
   By:  

/s/ Seth J. Brufsky

     Name: Seth J. Brufsky
     Title:   Vice President
Lender:   

Ares IIR/IVR CLO Ltd.

  

By:

  Ares CLO Management IIR/IVR, L.P.
  

By: Ares CLO OP IIIR/IVR, LLC, Its General Partner, its Manager

   By:   Ares Management LLC, its Manager
   By:  

/s/ Seth J. Brufsky

     Name: Seth J. Brufsky
     Title:   Vice President

Amendment No. 2 to the Affinion Credit Agreement

 


 

  

SIGNATURE PAGE TO AMENDMENT NO. 2 TO THE AFFINION GROUP, INC. CREDIT AGREEMENT DATED AS OF OCTOBER 17, 2005

   Agreed as of the date first above written:
Lender:    Ares IIR CLO Ltd.
   By: Ares CLO Management IIR, L.P.,
   Its: Investment Manager
  

By: Ares CLO IIR, LLC,

Its: General Partner

   By:  

/s/ Seth J. Brufsky

     Name: Seth J. Brufsky
     Title:   Vice President
Lender:    Ares VR CLO Ltd.
  

By: Ares CLO Management VR, L.P.,

Investment Manager

  

By: Ares CLO GP VR, LLC,

Its: General Partner

   By:  

/s/ Seth J. Brufsky

     Name: Seth J. Brufsky
     Title:   Vice President
  

Ares VIR CLO Ltd

 

By: Ares CLO Management VIR, L.P.,

Investment Manager

  

By: Ares CLO GP VIR, LLC,

   Its: General Partner
  

By:

 

/s/ Seth J. Brufsky

     Name: Seth J. Brufsky
     Title:   Vice President
Lender:   

Ares VII CLO Ltd.

By: Ares CLO Management VII, L.P.,

Investment Manager

  

By: Ares CLO GP VII, LLC,

Its: General Partner

   By:  

/s/ Seth J. Brufsky

     Name: Seth J. Brufsky
     Title:   Vice President

Amendment No. 2 to the Affinion Credit Agreement

 


 

  SIGNATURE PAGE TO AMENDMENT NO. 2 TO THE AFFINION GROUP, INC. CREDIT AGREEMENT DATED AS OF OCTOBER 17, 2005
  Agreed as of the date first above written:
Lender:   Ares VII CLO Ltd.
  By: Ares CLO Management VIII L.P.,
  Investment Manager
  By: Ares CLO GP VIII, LLC,
  General Partner
  By:  

/s/ Seth J. Brufsky

    Name: Seth J. Brufsky
    Title:   Vice President
Lender:   Ares IX CLO Ltd.
  By: Ares CLO Management IX, L.P.,
 

Its: Investment Manager

 

By: Ares CLO GP IX, LLC,

  Its: General Partner
  By:  

/s/ Seth J. Brufsky

    Name: Seth J. Brufsky
    Title:   Vice President
Lender:  

Ares VII CLO Ltd.

  By: Ares CLO Management VII L.P.
  Investment Manager
 

By: Ares CLO GP VII, LLC

  General Partner
  By:  

/s/ Seth J. Brufsky

    Name: Seth J. Brufsky
    Title:   Vice President
  Its: General Partner
 

By: Ares CLO GP VIII, L.P.,

Its: General Partner

  By:  

/s/ Seth J. Brufsky

    Name: Seth J. Brufsky
    Title:   Vice President

Amendment No. 2 to the Affinion Credit Agreement

 


 

    

SIGNATURE PAGE TO AMENDMENT NO. 2 TO THE AFFINION GROUP, INC. CREDIT AGREEMENT DATED AS OF OCTOBER 17, 2005

    

Agreed as of the date first above written:

Lender:

     Ares IX CLO Ltd.
     By: Ares CLO Management IX, L.P.
     Its: Investment Manager
     By: Ares CLO GP IX, LLC
     Its: General Partner
     By:  

/s/ Seth J. Brufsky

       Name: Seth J. Brufsky
       Title:   Vice President

Lender:

    

Ares X CLO Ltd.

By: Ares CLO Management X, L.P.

Its: Investment Manager

    

By: Ares CLO GP X, LLC

Its: General Partner

     By:  

/s/ Seth J. Brufsky

       Name: Seth J. Brufsky
       Title   Vice President

Lender:

    

Ares Leveraged Finance General I

 

By: Ares CLO Management XI, L.P.

     By: Ares CLO GP XI, LLC,
     Its: General Partner
    

By: Ares Management LLC,

Its: Manager

     By:  

/s/ Seth J. Brufsky

       Name: Seth J. Brufsky
       Title:   Vice President

Lender:

    

Ares VIII CLO Ltd.

By: Ares CLO Management VIII, L.P.,

Its: Investment Manager

    

By: Ares CLO GP VIII, LLC,

Its: General Partner

     By:  

/s/ Seth J. Brufsky

       Name: Seth J. Brufsky
       Title:   Vice President

Amendment No. 2 to the Affinion Credit Agreement


 

  

SIGNATURE PAGE TO AMENDMENT NO. 2 TO THE AFFINION GROUP, INC. CREDIT AGREEMENT DATED AS OF OCTOBER 17, 2005

  

Agreed as of the date first above written:

Lender:

  

Ares Leveraged Finance General I

  

By: Ares CLO Management XI, L.P.

  

Ares CLO GP XI, LLC,

  

Its General Partner

  

Ares Management LLC,

  

Its Manager

   By:  

/s/ Seth J. Brufsky

     Name: Seth J. Brufsky
     Title:   Vice President

Lender:

  

Confluent 2 Limited

  

By: Ares Private Account Management I, L.P., as Sub-Manager

   By: Ares Private Account Management I GP, LLC,
  

As General Partner

  

Ares Management LLC,

  

as Manager

   By:  

/s/ Seth J. Brufsky

     Name: Seth J. Brufsky
     Title:   Vice President

Lender:

  

Navigare Total Return Loan Fund I

  

(Segregated Portfolio)

   By:  

/s/ James E. Kennedy

     Name: James E. Kennedy
     Title:    Managing Director

Lender:

  

Navigare Funding II CLO, Ltd.

  

By:

  Navigare Partners LLC
  

as Collateral Manager

   By:  

/s/ James E. Kennedy

     Name: James E. Kennedy
     Title:   Managing Director

Amendment No. 2 to the Affinion Credit Agreement

 


 

  

SIGNATURE PAGE TO AMENDMENT NO. 2 TO THE AFFINION GROUP, INC. CREDIT AGREEMENT DATED AS OF OCTOBER 17, 2005

  

Agreed as of the date first above written:

Lender:

   Navigare Funding I CLO Ltd
  

By: Navigare Partners LLC,

Its collateral manager

   By:  

/s/ James E. Kennedy

     Name: James E. Kennedy
     Title:   Managing Director

Lender:

   Canyon Capital CDO 2001-I, Ltd.
   By:  

/s/ Patrick Dooley

     Name: Patrick Dooley
     Title:   Authorized Signatory
  

Canyon Capital Advisors LLC,

a Delaware Limited Liability Company

its Collateral Manager

Lender:

   Canyon Capital CLO 2006-I, Ltd.
   By:  

/s/ Dominique Mielle

     Name: Dominique Mielle
     Title:   Authorized Signatory
  

Canyon Capital Advisors LLC,

a Delaware Limited Liability Company,

   its Colateral Manager

Lender:

   Canyon Capital CLO 2004-I, Ltd.
   By:  

/s/ Dominique Mielle

     Name: Dominique Mielle
     Title:   Authorized Signatory
  

Canyon Capital Advisors LLC,

a Delaware Limited Liability Company,

its Colateral Manager

Lender:

   Cornerstone CLO Ltd.
   By: Stone Tower Debt Advisors LLC
   as its Collateral Manager
   By:  

/s/ Michael W. Delpercio

     Name: Michael W. Delpercio
     Title:   Authorized Signatory

Amendment No. 2 to the Affinion Credit Agreement

 


 

  

SIGNATURE PAGE TO AMENDMENT NO. 2 TO THE AFFINION GROUP, INC. CREDIT AGREEMENT DATED AS OF OCTOBER 17, 2005

  

Agreed as of the date first above written:

Lender:

   Granite Ventures I Ltd.
   By: Stone Tower Debt Advisor LLC
   as its Collateral Manager
   By:  

/s/ Michael W. Delpercio

     Name: Michael W. Delpercio
     Title:   Authorized Signatory

Lender:

   Granite Ventures II Ltd.
   By: Stone Tower Debt Advisors LLC
  

as its Collateral Manager

   By:  

/s/ Michael W. Delpercio

     Name: Michael W. Delpercio
     Title:   Authorized Signatory

Lender:

  

Granite Ventures III Ltd.

By: Stone Tower Debt Advisors LLC

as its Collateral Manager

   By:  

/s/ Michael W. Delpercio

     Name: Michael W. Delpercio
     Title:   Authorized Signatory

Lender:

  

Rampart CLO 2007 Ltd.

By: Stone Tower Debt Advisors LLC

as its Collateral Manager

   By:  

/s/ Michael W. Delpercio

     Name: Michael W. Delpercio
     Title:   Authorized Signatory

Lender:

  

Rampart CLO I Ltd.

By: Stone Tower Debt Advisors LLC

as its Collateral Manager

   By:  

/s/ Michael W. Delpercio

     Name: Michael W. Delpercio
     Title:   Authorized Signatory

Amendment No. 2 to the Affinion Credit Agreement


 

  

SIGNATURE PAGE TO AMENDMENT NO. 2 TO THE AFFINION GROUP, INC. CREDIT AGREEMENT DATED AS OF OCTOBER 17, 2005

  

Agreed as of the date first above written:

Lender:

   Stone Tower CLO II Ltd.
   By: Stone Tower Debt Advisors LLC
   as its Collateral Manager
   By:  

/s/ Michael W. Delpercio

     Name: Michael W. Delpercio
     Title:   Authorized Signatory

Lender:

   Stone Tower CDO Ltd.
   By: Stone Tower Debt Advisors LLC
   as its Collateral Manager
   By:  

/s/ Michael W. Delpercio

     Name: Michael W. Delpercio
     Title:   Authorized Signatory
   Stone Tower CLO II Ltd.
   By: Stone Tower Debt Advisors LLC
   as its Collateral Manager
   By:  

/s/ Michael W. Delpercio

     Name: Michael W. Delpercio
     Title:   Authorized Signatory

Lender:

   Stone Tower CLO III Ltd.
   By: Stone Tower Debt Advisors LLC
   as its Collateral Manager
   By:  

/s/ Michael W. Delpercio

     Name: Michael W. Delpercio
     Title:   Authorized Signatory

Lender:

  

Stone Tower CLO IV Ltd.

By: Stone Tower Debt Advisors LLC

as its Collateral Manager

   By:  

/s/ Michael W. Delpercio

     Name: Michael W. Delpercio
     Title:   Authorized Signatory

Amendment No. 2 to the Affinion Credit Agreement


 

  

SIGNATURE PAGE TO AMENDMENT NO. 2 TO THE AFFINION GROUP, INC. CREDIT AGREEMENT DATED AS OF OCTOBER 17, 2005

  

Agreed as of the date first above written:

Lender:

   Stone Tower CLO V Ltd.
   By: Stone Tower Debt Advisors LLC
   as its Collateral Manager
   By:  

/s/ Michael W. Delpercio

     Name: Michael W. Delpercio
     Title:   Authorized Signatory

Lender:

   Stone Tower CLO VI Ltd.
   By: Stone Tower Debt Advisors LLC
   as its Collateral Manager
   By:  

/s/ Michael W. Delpercio

     Name: Michael W. Delpercio
     Title:   Authorized Signatory

Lender:

  

Stone Tower Credit Funding I Ltd.

By: Stone Tower Fund Management LLC

as its Collateral Manager

   By:  

/s/ Michael W. Delpercio

     Name: Michael W. Delpercio
     Title:   Authorized Signatory

Lender:

   Grand Central Asset Trust, CLAR Series
   By:  

/s/ Janet Haack

     Name: Janet Haack
     Title:   As Attorney In Fact

Lender:

   UBS AG, Stamford Branch
   By:  

/s/ Douglas Gervolino

     Name: Douglas Gervolino
     Title:   Director
     Banking Products Services, US
   By:  

/s/ Janice L. Randolph

     Name: Janice L. Randolph
     Title:   Associate Director
     Banking Products Services, US

Amendment No. 2 to the Affinion Credit Agreements


 

 

SIGNATURE PAGE TO AMENDMENT NO. 2 TO THE AFFINION GROUP, INC. CREDIT AGREEMENT DATED AS OF OCTOBER 17, 2005

 

Agreed as of the date first above written:

Lender:

  Gulf Stream-Compass CLO 2002-I Ltd.
  By: Gulf Stream Asset Management LLC
  as Collateral Manager
  By:  

/s/ Barry K. Love

    Name: Barry K. Love
    Title:   Chief Credit Officer
 

Gulf Stream-Compass CLO 2003-I Ltd.

By: Gulf Stream Asset Management LLC

as Collateral Manager

  By:  

/s/ Barry K. Love

    Name: Barry K. Love
    Title:   Chief Credit Officer
 

Gulf Stream-Compass CLO 2004-I Ltd.

By: Gulf Stream Asset Management LLC

as Collateral Manager

  By:  

/s/ Barry K. Love

    Name: Barry K. Love
    Title:   Chief Credit Officer
 

Gulf Stream-Compass CLO 2005-II Ltd.

By: Gulf Stream Asset Management LLC

as Collateral Manager,

  By:  

/s/ Barry K. Love

    Name: Barry K. Love
    Title:   Chief Credit Officer

Lender:

  CIFC Funding 2006-I, Ltd.
  By:  

/s/ Elizabeth C. Chow

    Name: Elizabeth C. Chow
    Title:   Head of Underwriting

Amendment No. 2 to the Affinion Credit Agreement


     SIGNATURE PAGE TO
AMENDMENT NO. 2 TO THE
AFFINION GROUP, INC. CREDIT
AGREEMENT DATED AS OF
OCTOBER 17, 2005
   Agreed as of the date first above written:
   Credit Suisse Loan Funds LLC,
   By:  

/s/ Barry Zamore

     Name: Barry Zamore
     Title:   Managing Director
   By:  

/s/ Robert Healey

     Name: Robert Healey
     Title:   Director

Lender:

   Citibank, N.A.,
   By:  

/s/ Christine M. Kanicki

     Name: Christine M. Kanicki
     Title:   Attorney-In-Fact

Lender:

   Senior Debt Portfolio
  

By: Boston Management and Research,

as Investment Advisor

   By:  

/s/ Michael B. Botthof

     Name: Michael B. Botthof
     Title:   Vice President

Lender:

   Eaton Vance Senior Income Trust
  

By: Eaton Vance Management

as Investment Advisor

   By:  

/s/ Michael B. Botthof

     Name: Michael B. Botthof
     Title:   Vice President

Lender:

   Eaton Vance Institutional Senior Loan Fund
  

By: Eaton Vance Management

as Investment Advisor

   By:  

/s/ Michael B. Botthof

     Name: Michael B. Botthof
     Title:   Vice President

Amendment No. 2 to the Affinion Credit Agreement


     SIGNATURE PAGE TO
AMENDMENT NO. 2 TO THE
AFFINION GROUP, INC. CREDIT
AGREEMENT DATED AS OF
OCTOBER 17, 2005
   Agreed as of the date first above written:

Lender:

  

Eaton Vance CDO VII PLC

By: Eaton Vance Management

as Interim Investment Advisor

   By:  

/s/ Michael B. Botthof

     Name: Michael B. Botthof
     Title:   Vice President

Lender:

   Eaton Vance CDO VIII, Ltd.
  

By: Eaton Vance Management

as Investment Advisor

   By:  

/s/ Michael B. Botthof

     Name: Michael B. Botthof
     Title:   Vice President

Lender:

   Eaton Vance CDO IX Ltd.
  

By: Eaton Vance Management

as Investment Advisor

   By:  

/s/ Michael B. Botthof

     Name: Michael B. Botthof
     Title:   Vice President

Lender:

   Eaton Vance CDO XI Ltd.
  

By: Eaton Vance Management

as Investment Advisor

   By:  

/s/ Michael B. Botthof

     Name: Michael B. Botthof
     Title:   Vice President

Lender:

   Grayson & Co.
   By: Boston Management and Research as Investment Advisor
   By:  

/s/ Michael B. Botthof

     Name: Michael B. Botthof
     Title:   Vice President

Amendment No. 2 to the Affinion Credit Agreement

 


   SIGNATURE PAGE TO AMENDMENT NO. 2 TO THE AFFINION GROUP, INC. CREDIT AGREEMENT DATED AS OF OCTOBER 17, 2005
   Agreed as of the date first above written:
Lender:   

The Norinchukin 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
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
Lender:    Eaton Vance VT Floating-Rate Income Fund
  

By: Eaton Vance Management

as Investment Advisor

   By:  

/s/ Michael B. Botthof

     Name: Michael B. Botthof
     Title:   Vice President
Lender:    Eaton Vance Limited Duration Income Fund
  

By: Eaton Vance Management

as Investment Advisor

   By:  

/s/ Michael B. Botthof

     Name: Michael B. Botthof
     Title:   Vice President
Lender:    Eaton Vance Senior Floating-Rate Trust
  

By: Eaton Vance Management

as Investment Advisor

   By:  

/s/ Michael B. Botthof

     Name: Michael B. Botthof
     Title:   Vice President

Amendment No. 2 to the Affinion Credit Agreement


  SIGNATURE PAGE TO AMENDMENT NO. 2 TO THE AFFINION GROUP, INC. CREDIT AGREEMENT DATED AS OF OCTOBER 17, 2005
  Agreed as of the date first above written:
Lender:   Eaton Vance Floating-Rate Income Trust
 

By: Eaton Vance Management

as Investment Advisor

  By:  

/s/ Michael B. Botthof

    Name: Michael B. Botthof
    Title:   Vice President
Lender:   Eaton Vance Variable Leverage Fund Ltd.
 

By: Eaton Vance Management

as Investment Advisor

  By:  

/s/ Michael B. Botthof

    Name: Michael B. Botthof
    Title:   Vice President
Lender:   Eaton Vance Credit Opportunities Fund
 

By: Eaton Vance Management

as Investment Advisor

  By:  

/s/ Michael B. Botthof

    Name: Michael B. Botthof
    Title:   Vice President
Lender:   Eaton Vance Short Duration Diversified Income Fund
 

By: Eaton Vance Management

as Investment Advisor

  By:  

/s/ Michael B. Botthof

    Name: Michael B. Botthof
    Title:   Vice President
Lender:   Trimaran CLO IV Ltd
  By: Trimaran Advisors L.L.C
  By:  

/s/ David M. Millison

    Name: David M. Millison
    Title:   Managing Director
Lender:   Trimaran CLO V Ltd
  By: Trimaran Advisors L.L.C.
  By:  

/s/ David M. Millison

    Name: David M. Millison
    Title:   Managing Director

Amendment No. 2 to the Affinion Credit Agreement


   SIGNATURE PAGE TO AMENDMENT NO. 2 TO THE AFFINION GROUP, INC. CREDIT AGREEMENT DATED AS OF OCTOBER 17, 2005
   Agreed as of the date first above written:
Lender:   

Venture CDO 2002, Ltd

By its investment advisor,

   MJX Asset Management LLC
   By:  

/s/ Atha Baugh

     Name: Atha Baugh
     Title:
Lender:   

Venture II CDO 2002, Ltd

By its investment advisor,

MJX Asset Management LLC

   By:  

/s/ Atha Baugh

     Name: Atha Baugh
     Title:
Lender:   

Venture III CDO Ltd

By its investment advisor,

MJX Asset Management LLC

   By:  

/s/ Atha Baugh

     Name: Atha Baugh
     Title:
Lender:   

Venture IV CDO Ltd

By its investment advisor,

MJX Asset Management LLC

   By:  

/s/ Atha Baugh

     Name: Atha Baugh
     Title:
Lender:   

Venture V CDO Ltd

By its investment advisor,

MJX Asset Management LLC

   By:  

/s/ Atha Baugh

     Name: Atha Baugh
     Title:

Amendment No. 2 to the Affinion Credit Agreement

 


   SIGNATURE PAGE TO AMENDMENT NO. 2 TO THE AFFINION GROUP, INC. CREDIT AGREEMENT DATED AS OF OCTOBER 17, 2005
   Agreed as of the date first above written:

Lender:

  

Venture VI CDO Ltd

By its investment advisor,

MJX Asset Management LLC

   By:  

/s/ Atha Baugh

     Name: Atha Baugh
     Title:
Lender:   

Venture VII CDO Ltd.

By its investment advisor,

MJX Asset Management LLC

   By:  

/s/ Atha Baugh

     Name: Atha Baugh
     Title:
Lender:   

Vista Leveraged Income Fund

By its investment advisor,

MJX Asset Management LLC

   By:  

/s/ Atha Baugh

     Name: Atha Baugh
     Title:
Lender:    Dunes Funding LLC
   By:  

/s/ Tara E. Kenny

     Name: Tara E. Kenny
     Title:   Assistant Vice President
Lender:    Latitude CLO I Ltd.
   By:  

/s/ Kirk Wallace

     Name: Kirk Wallace
     Title:   Senior Vice President
Lender:    Latitude CLO II, Ltd.
   By:  

/s/ Kirk Wallace

     Name: Kirk Wallace
     Title:   Senior Vice President

Amendment No. 2 to the Affinion Credit Agreement


   SIGNATURE PAGE TO AMENDMENT NO. 2 TO THE AFFINION GROUP, INC. CREDIT AGREEMENT DATED AS OF OCTOBER 17, 2005
   Agreed as of the date first above written:
Lender:    Stitching Pensioenfonds ABP
   By:   ABP Investments US, Inc., its agent
   By:  

/s/ Paul Spijkers

     Name: Paul Spijkers
     Title:   President/CEO
Lender:    Avery Street CLO, Ltd.
   By:  

/s/ Andreas Feingold

     Name: Andreas Feingold
     Title:   Director
Lender:    Emerson Place CLO, Ltd.
   By:  

/s/ Andreas Feingold

     Name: Andreas Feingold
     Title:   Director
Lender:    Line Street CLO, Ltd.
   By:  

/s/ Andreas Feingold

     Name: Andreas Feingold
     Title:   Director
Lender:    Nob Hill CLO, Limited
   By:  

/s/ Bradley Kane

     Name: Bradley Kane
     Title:   Portfolio Manager
Lender:    Cambria Institutional Loan Fund
   By:  

/s/ Sean Walker

     Name: Sean Walker
     Title:   SVP
Lender:    Pacifica CDO V, LTD
   By:  

/s/ Sean Walker

     Name: Sean Walker
     Title:   SVP

Amendment No. 2 to the Affinion Credit Agreement


   SIGNATURE PAGE TO AMENDMENT NO. 2 TO THE AFFINION GROUP, INC. CREDIT AGREEMENT DATED AS OF OCTOBER 17, 2005
   Agreed as of the date first above written:
Lender:    Alcentra Warehouse, LTD
   By:  

/s/ Sean Walker

     Name: Sean Walker
     Title:   SVP
Lender:    WatchTower CLO I Plc
   By:   Citadel Limited Partnership, Collateral Manager
   By:   Citadel Investment Group L.L.C. its General Partner
   By:  

/s/ Erica L. Tarpey

     Name: Erica L. Tarpey
     Title:   Authorized Signatory
Lender:    Morgan Stanley Senior Funding, Inc.
   By:  

/s/ Donna M. Souza

     Name: Donna M. Souza
     Title:   Vice President
Lender:    Bank of America N.A.
   By:  

/s/ James Ford

     Name: James Ford
     Title:   Senior Vice President
Lender:    Franklin Floating Rate Master Series
   By:  

/s/ Richard Hsu

     Name: Richard Hsu
     Title:   Vice President
Lender:    Franklin Floating Rate Daily Access Fund
   By:  

/s/ Richard Hsu

     Name: Richard Hsu
     Title:   Vice President
Lender:    CLO IV Warehouse
   By:  

/s/ David Ardini

     Name: David Ardini
     Title:   Vice President

Amendment No. 2 to the Affinion Credit Agreement


   SIGNATURE PAGE TO AMENDMENT NO. 2 TO THE AFFINION GROUP, INC. CREDIT AGREEMENT DATED AS OF OCTOBER 17, 2005
   Agreed as of the date first above written:
Lender:    Franklin CLO IV, Ltd.
   By:  

/s/ David Ardini

     Name: David Ardini
     Title:   Vice President
Lender:    Franklin CLO V, Ltd.
   By:  

/s/ David Ardini

     Name: David Ardini
     Title:   Vice President
Lender:    Blue Shield of California
   By:  

/s/ David Ardini

     Name: David Ardini
     Title:   Vice President

Amendment No. 2 to the Affinion Credit Agreement


CONSENT

Dated as of June 1, 2007

Reference is made to (a) Amendment No. 2 to the Credit Agreement dated as of June 1, 2007 (the “Amendment”; capitalized terms not otherwise defined herein being used herein as defined in the Amendment and in the Credit Agreement referred to below), (b) the Credit Agreement dated as of October 17, 2005 among Affinion Group Holdings, Inc., Affinion Group, Inc., as the Borrower, Credit Suisse, Cayman Islands Branch, as administrative agent for the Lenders, and the Lenders and Agents referred to therein, as amended by Amendment No. 1 to the Credit Agreement dated as of December 22, 2006 (the “Credit Agreement”), and (c) the other Loan Documents referred to therein.

The undersigned as parties to one or more of the Loan Documents, each hereby consents to the execution, delivery and the performance of the Amendment and agrees that each of the Loan Documents to which it is a party is, and shall continue to be, in full force and effect and is hereby in all respects ratified and confirmed on the Amendment No. 2 Effective Date, except that, on and after the Amendment No. 2 Effective Date, each reference to “the Credit Agreement”, “thereunder”, “thereof”, “therein” or words of like import referring to the Credit Agreement shall mean and be a reference to the Credit Agreement, as amended and otherwise modified by the Amendment.

This Consent shall be governed by, and construed in accordance with, the laws of the State of New York.

[Signature pages follow]

 

Amendment No. 2 to the Affinion Credit Agreement


AFFINION DATA SERVICES, INC.
AFFINION GROUP, LLC
AFFINION PUBLISHING, INC.
CARDWELL AGENCY, INC.
LONG TERM PREFERRED CARE, INC.
AFFINION BENEFITS GRJOUP, INC.
TRAVELER’S ADVANTAGE SERVICES, INC.
TRILEGIANT AUTO SERVICES, INC.
TRILEGIANT CORPORATION
TRILEGIANT INSURANCE SERVICES, INC.
AFFINION LOYALTY GROUP, INC.
TRILEGIANT RETAIL SERVICES, INC.
By:  

/s/ Nathaniel Lipman

  Title:   President and Chief Executive Officer
CUC ASIA HOLDINGS
By:   Trilegiant Retail Services, Inc., its General Partner
By:   Trilegiant Corporation, its General Partner
By:  

/s/ Nathaniel Lipman

  Name: Nathaniel Lipman
 

Title:   Chief Executive Officer of each of

            Trilegiant Retail Services, Inc., and

            Trilegiant Corporation

Amendment No. 2 to the Affinion Credit Agreement