AMENDMENT NO. 1 TO NOTE PURCHASE AGREEMENT

EX-10.1 3 dex101.htm AMENDMENT NO. 1 TO NOTE PURCHASE AGREEMENT Amendment No. 1 to Note Purchase Agreement

Exhibit 10.1

AMENDMENT NO. 1 TO NOTE PURCHASE AGREEMENT

This Amendment No. 1 to Note Purchase Agreement (this “Amendment”) is dated as of November 9, 2007 and amends that certain Note Purchase Agreement dated as of November 6, 2007 (the “Purchase Agreement”), by and among The Providence Service Corporation, a Delaware corporation (the “Company”), and the Purchasers, as defined therein. Capitalized terms used herein and not otherwise defined shall have the meanings assigned in the Purchase Agreement.

WHEREAS, the Company and the Purchasers have entered into the Purchase Agreement for the purpose of the Company’s issuance and sale of the Notes.

WHEREAS, the Company and the Purchasers desire to amend the Purchase Agreement as set forth herein.

NOW, THEREFORE, for good and valuable consideration, the sufficiency of which is hereby acknowledged, the parties agree as follows.

1. Amendments to Purchase Agreement

1.1 Section 6.1(d) is hereby deleted in its entirety and replace with the following:

“(d) [Reserved].”

1.2 Section 6.2(f) is hereby deleted in its entirety.

2. It is hereby agreed and acknowledged by the Company and the Purchasers that the Escrow Agreement, in the form attached as Exhibit C to the Purchase Agreement, will be modified as follows: (i) the Notes will not be deposited in escrow; (ii) the Trustee shall act on behalf of, and for the benefit of, the Purchasers; and (iii) the Purchasers will not be parties to the Escrow Agreement.

3. The amendments to the Purchase Agreement shall be effective upon execution of this Amendment.

4. Except as explicitly amended hereby, the Purchase Agreement shall remain in full force and effect.

5. This Amendment may be executed in counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument.


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

 

The Providence Service Corporation
By:   /s/ Fletcher J. McCusker
  Name:   Fletcher J. McCusker
  Title:   Chairman and Chief Executive Officer

 

Aristeia International Limited
By:   /s/ Chong Park
  Name:   Chong Park
  Title:   Portfolio Manager, Direct Investments,
        Aristeia Capital, L.L.C., its Investment Manager

 

Aristeia Partners, L.P.
By:   /s/ Chong Park
  Name:   Chong Park
  Title:   Portfolio Manager, Direct Investments,
        Aristeia Capital, L.L.C.

 

Aristeia Special Investments Master, L.P.
By:   /s/ Chong Park
  Name:   Chong Park
  Title:   Portfolio Manager, Direct Investments,
        Aristeia Capital, L.L.C., its Investment Manager


CC Arbitrage Ltd.
By:   /s/ Allan Weine
  Name:   Allan Weine
  Title:   Managing Director

 

CQS Convertible and Quantitative Strategies Master Fund Limited
By:   /s/ Alanna Lee
  Name:   Alanna Lee
  Title:  

Authorised Signatory of CQS (UK) LLP
as Investment Advisor

 

Deutsche Bank AG, London Branch
By:   /s/ Jeremy Benkiewicz
  Name:   Jeremy Benkiewicz
  Title:   Managing Director

 

Deutsche Bank AG, London Branch
By:   /s/ George Pan
  Name:   George Pan
  Title:   Managing Director

 

Fore Convertible Master Fund Ltd.
By:   Fore Research & Management, LP
  By:   /s/ Daniel Agranoff
    Name:   Daniel Agranoff
    Title:   Chief Financial Officer


GLG Market Neutral Fund
By:   GLG Partners LP as Investment Manager of
       GLG Market Neutral Fund
  By:   /s/ Simon White
    Name:   Simon White
    Title:   Chief Operating Officer
          GLG Partners LP

 

Highbridge International LLC
By:   Highbridge Capital Management, LLC, as trading manager
  By:   /s/ Noah Greenhill
    Name:   Noah Greenhill
    Title:   Managing Director

 

Steelhead Investments Ltd.
By:   HBK Services LLC, Investment Advisor
  By:   /s/ J. Baker Gentry, Jr.
    Name:   J. Baker Gentry, Jr.
    Title:   Authorized Signatory

 

Radcliffe SPC, Ltd. for and on behalf of the Class A Segregated Portfolio
By:   RG Capital Management, L.P.
  By:   RGC Management Company, LLC
    By:   /s/ Gerald F. Stahlecker
      Name:   Gerald F. Stahlecker
      Title:   Managing Director


Kings Road Investments Ltd.
By:   /s/ Erik Caspersen
  Name:   Erik Caspersen
  Title:   Authorized Signatory