FIRST AMENDMENT TO PRIORITY CREDIT AGREEMENT

EX-10.2 3 h76733exv10w2.htm EX-10.2 exv10w2
Exhibit 10.2
EXECUTION COPY
FIRST AMENDMENT TO PRIORITY CREDIT AGREEMENT
          THIS FIRST AMENDMENT TO PRIORITY CREDIT AGREEMENT (referred to below) (this “First Amendment”), dated as of October 1, 2010, by and among TRICO SUPPLY AS, a limited company organized under the laws of Norway (“Holdings”), the Subsidiary Guarantors listed on Schedule IX to the Credit Agreement (as defined below) (the “Subsidiary Guarantors”), TRICO SHIPPING AS, a limited company organized under the laws of Norway and a wholly-owned Subsidiary of Holdings (the “Borrower”), the Lenders (as defined below) party hereto, and CANTOR FITZGERALD SECURITIES (“Cantor”), as Administrative Agent (in such capacity, the “Administrative Agent”). Unless otherwise indicated, all capitalized terms used herein and not otherwise defined herein shall have the respective meanings provided such terms in the Credit Agreement referred to below.
W I T N E S S E T H:
          WHEREAS, the Borrower, Holdings, the Subsidiary Guarantors, the lenders from time to time party thereto (each, a “Lender” and, collectively, the “Lenders”) and the Administrative Agent are parties to a Priority Credit Agreement, dated as of September 21, 2010 (the “Credit Agreement”);
          WHEREAS, pursuant to Section 9.15 of the Credit Agreement, the Borrower is required to use its best efforts to have an Approved Restructuring Plan adopted by October 1, 2010;
          WHEREAS, pursuant to Section 11.11 of the Credit Agreement, the Borrower’s failure to agree to an Approved Restructuring on or prior to October 1, 2010 is an Event of Default;
          WHEREAS, the Credit Parties have requested that the Lenders extend the dates set forth in Section 9.15 and 11.11 of the Credit Agreement to October 15, 2010;
          WHEREAS, pursuant to Section 2.01(c) of the Credit Agreement, Tranche B Term Loans may only be drawn by the Borrower on a date occurring prior to the Tranche B Term Loan Commitment Termination Date;
          WHEREAS, the Credit parties have requested that the Lenders extend the Tranche B Term Loan Commitment Termination Date; and
          NOW, THEREFORE, in consideration of the premises, the mutual covenants contained herein and for other valuable consideration, the receipt and adequacy of which are hereby acknowledged, the Credit Parties and the Lenders party hereto hereby agree as follows:

 


 

ARTICLE I
AMENDMENTS TO CREDIT AGREEMENT
          Section 1.01. Amendment to Section 1 Section 1 of the Credit Agreement is hereby amended by deleting the definition of “Tranche B Term Loan Commitment Termination Date” in its entirety and substituting the following in its stead:
          ““Tranche B Term Loan Commitment Termination Date” shall mean October 15, 2010.”
          Section 1.02 Amendment to Section 9.15. Section 9.15 of the Credit Agreement is hereby amended by replacing the phrase “October 1, 2010” with the phrase “October 15, 2010”.
          Section 1.03. Amendment to Section 11.11. Section 11.11 of the Credit Agreement is hereby amended by replacing the phrase “October 1, 2010” with the phrase “October 15, 2010”.
ARTICLE II
REAFFIRMATION
          Section 2.01. Each Credit Party hereby acknowledges and agrees that it expects to realize substantial direct and indirect benefits as a result of the amendments contemplated by this First Amendment.
          Section 2.02. Each Credit Party hereby acknowledges its receipt of this First Amendment and its review of the terms and conditions thereof and consents to the terms and conditions of this First Amendment contemplated hereby and thereby.
          Section 2.03. Each Credit Party, by executing and delivering a copy hereof, hereby (i) affirms and confirms its guarantee, pledge, grant and other agreements under and pursuant to the applicable Guaranty and Security Documents (including, without limitation, any such Security Documents governed by the laws of New York, Brazil, Cayman, Island of Guernsey, Mexico, Netherlands, Norway, Scotland, Bahamas, Isle of Man, Vanuatu and England and Wales) in accordance with the terms and provisions thereof and (ii) agrees that, notwithstanding the effectiveness of this First Amendment, (x) each such Guaranty and Security Document continues to be in full force and effect and (y) all guarantees, pledges, grants and other agreements thereunder shall continue to be in full force and effect without interruption to secure the Secured Obligations (including, for the avoidance of doubt, the Loans made by the Lenders from and after the date hereof and all other obligations under the Credit Documents as each such Credit Document may be amended on the date hereof and as it may be further amended, restated, modified or supplemented from time to time), in each case, as such agreements and other documents are being amended hereby or in connection herewith.

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ARTICLE III
MISCELLANEOUS PROVISIONS
          Section 3.01. In order to induce the Lenders to enter into this First Amendment, each of Holdings and the Borrower hereby represents and warrants that (i) no Default or Event of Default exists as of the First Amendment Effective Date after giving effect to this First Amendment and (ii) all of the representations and warranties contained in the Credit Agreement are true and correct in all material respects on the First Amendment Effective Date both before and after giving effect to this First Amendment, with the same effect as though such representations and warranties had been made on and as of the First Amendment Effective Date (it being understood that any representation or warranty made as of a specific date shall be true and correct in all material respects as of such specific date).
          Section 3.02. This First Amendment is limited as specified and shall not, except as expressly set forth herein, constitute a modification, acceptance, consent to deviation from or waiver of any other provision of the Credit Agreement or any other Credit Document.
          Section 3.03. This First Amendment may be executed in any number of counterparts and by the different parties hereto on separate counterparts, each of which counterparts when executed and delivered shall be an original, but all of which shall together constitute one and the same instrument. A complete set of counterparts shall be lodged with the Borrower and the Administrative Agent. Delivery of an executed signature page to this First Amendment by facsimile transmission, as a .pdf attachment or by other electronic means of transmission shall be as effective as delivery of a manually signed counterpart of this First Amendment.
          Section 3.04. THIS FIRST AMENDMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES HEREUNDER SHALL BE CONSTRUED IN ACCORDANCE WITH AND GOVERNED BY THE LAW OF THE STATE OF NEW YORK AND SHALL BE SUBJECT TO THE WAIVER OF JURY TRIAL AND NOTICE PROVISIONS IN THE CREDIT AGREEMENT.
          Section 3.05. This First Amendment shall become effective on the date (the “First Amendment Effective Date”) each Credit Party, each Lender and the Administrative Agent have signed a counterpart hereof (whether the same or different counterparts) and delivered the same (including by way of facsimile or other electronic transmission) to Paul, Weiss, Rifkind, Wharton & Garrison LLP, 1285 Avenue of the Americas, New York, NY 10019 Attention: Liza Montesano (facsimile number: 212 ###-###-#### / email: ***@***).
          Section 3.06. Except for deliveries that are required pursuant to the Credit Agreement, each of the parties hereto agree and acknowledge that notwithstanding anything to the contrary contained herein, none of the Administrative Agent or the Borrower or any of its Subsidiaries shall have any duty to disseminate any information or materials, or to solicit the

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participation, of any Lender (or any affiliate (including funds under common management) thereof).
          Section 3.07. The Borrower and its Subsidiaries agree to indemnify and hold harmless the Administrative Agent, the Lenders and their respective affiliates and each director, officer, employee, representative and agent thereof (each, an “indemnified person”) from and against any and all actions, suits, proceedings (including any investigations or inquiries), claims, losses, damages, liabilities or expenses of any kind or nature whatsoever which may be incurred by or asserted against or involve the Administrative Agent, the Lenders or any other such indemnified person as a result of or arising out of or in any way related to or resulting from the matters described in the foregoing paragraph (collectively, the “indemnifiable claims”) and, upon demand, to pay and reimburse the Administrative Agent, the Lenders and each other indemnified person for any reasonable legal or other out-of-pocket expenses paid or incurred in connection with investigating, defending or preparing to defend any such indemnifiable claim (whether or not the Administrative Agent, the Lenders or any other such indemnified person is a party to any action or proceeding out of which any such expenses arise). Notwithstanding the foregoing, no indemnified party shall be entitled to seek any indemnity for any indemnifiable claim arising from the gross negligence or willful misconduct (as determined by a court of competent jurisdiction in a final and non-appealable decision) or otherwise caused by action or inaction of such indemnified person.
          Section 3.08. From and after the First Amendment Effective Date, all references in the Credit Agreement and each of the other Credit Documents to the Credit Agreement shall be deemed to be references to the Credit Agreement as amended by this First Amendment.
*   *   *

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          IN WITNESS WHEREOF, the parties hereto have caused their duly authorized officers to execute and deliver this First Amendment as of the date first above written.
         
  TRICO SHIPPING AS
 
 
  By:   /s/ Gerald Alistair Gray    
    Name:   Gerald Alistair Gray   
    Title:   Managing Director   
 
  TRICO SUPPLY AS
 
 
  By:   /s/ Geoff Jones    
    Name:   Geoff Jones   
    Title:   Chairman   
 
  DEEPOCEAN SHIPPING III AS
 
 
  By:   /s/ Geoff Jones    
    Name:   Geoff Jones   
    Title:   Chairman   
[Signature Page to First Amendment to Credit Agreement]

 


 

         
  DEEPOCEAN SHIPPING II AS
 
 
  By:   /s/ Geoff Jones    
    Name:   Geoff Jones   
    Title:   Chairman   
 
  DEEPOCEAN SHIPPING AS
 
 
  By:   /s/ Gerald Alistair Gray    
    Name:   Gerald Alistair Gray   
    Title:   Managing Director   
 
  DEEPOCEAN AS
 
 
  By:   /s/ Geoff Jones    
    Name:   Geoff Jones   
    Title:   Chairman   
 
  TRICO SUPPLY (UK) LIMITED
 
 
  By:   /s/ Gerald Alistair Gray    
    Name:   Gerald Alistair Gray   
    Title:   Managing Director   
 
  ALBYN MARINE LIMITED
 
 
  By:   /s/ Gerald Alistair Gray    
    Name:   Gerald Alistair Gray   
    Title:   Managing Director   
 
  CTC MARINE PROJECTS LIMITED
 
 
  By:   /s/ Geoff Jones    
    Name:   Geoff Jones   
    Title:   Director   
 
  DEEPOCEAN BRASIL SERVICOS LTDA.
 
 
  By:   /s/ Tomas Salazar    
    Name:   Tomas Salazar   
    Title:   Manager   
[Signature Page to First Amendment to Credit Agreement]

 


 

         
  DEEPOCEAN MARITIME AS
 
 
  By:   /s/ Geoff Jones    
    Name:   Geoff Jones   
    Title:   Chairman   
 
  DEEPOCEAN MANAGEMENT AS
 
 
  By:   /s/ Geoff Jones    
    Name:   Geoff Jones   
    Title:   Chairman   
 
  DEEPOCEAN DE MEXICO S. DE R.L. DE C.V.
 
 
  By:   /s/ Geoff Jones    
    Name:   Geoff Jones   
    Title:   Manager   
 
  CTC MARINE NORWAY AS
 
 
  By:   /s/ Geoff Jones    
    Name:   Geoff Jones   
    Title:   Chairman   
 
  CTC MARINE PROJECTS (GUERNSEY) LIMITED
 
 
  By:   /s/ Geoff Jones    
    Name:   Geoff Jones   
    Title:   Director   
 
  DEEPOCEAN SUBSEA SERVICES LIMITED
 
 
  By:   /s/ Gerald Alistair Gray    
    Name:   Gerald Alistair Gray   
    Title:   Managing Director   
 
DEEPOCEAN BV
 
 
  By:   /s/ Mads Ragnar Bardsen    
    Name:   Mads Ragnar Bardsen   
    Title:   Director   
[Signature Page to First Amendment to Credit Agreement]

 


 

         
  DEEPOCEAN UK LTD.
 
 
  By:   /s/ Gerald Alistair Gray    
    Name:   Gerald Alistair Gray   
    Title:   Managing Director   
 
  SERVICIOS PROFESIONALES DE APOYO
ESPECIALIZADO, S. DE R.L. DE C.V.
 
 
  By:   /s/ Geoff Jones    
    Name:   Geoff Jones   
    Title:   Manager   
 
  SERVICIOS DE SOPORTE PROFESIONAL
ADMINISTRATIVO, S. DE R.L. DE C.V.
 
 
  By:   /s/ Geoff Jones    
    Name:   Geoff Jones   
    Title:   Manager   
 
  TRICO SUBSEA AS
 
 
  By:   /s/ Geoff Jones    
    Name:   Geoff Jones   
    Title:   Chairman   
 
  TRICO SUBSEA HOLDING AS
 
 
  By:   /s/ Geoff Jones    
    Name:   Geoff Jones   
    Title:   Chairman   
[Signature Page to First Amendment to Credit Agreement]

 


 

         
  CANTOR FITZGERALD SECURITIES,
as Administrative Agent
 
 
  By:   /s/ James Bond    
    Name:   James Bond   
    Title:   Chief Operating Officer   
[Signature Page to First Amendment to Credit Agreement]

 


 

         
  FIDELITY ADVISOR SERIES II:
FIDELITY ADVISOR STRATEGIC INCOME FUND,
as a Lender
 
 
  By:   /s/ Jeffrey Christian    
    Name:   Jeffrey Christian   
    Title:   Deputy Treasurer   
[Signature Page to First Amendment to Credit Agreement]

 


 

         
  FIDELITY SUMMER STREET TRUST:
FIDELITY CAPITAL & INCOME FUND,
as a Lender
 
 
  By:   /s/ Jeffrey Christian    
    Name:   Jeffrey Christian   
    Title:   Deputy Treasurer   
[Signature Page to First Amendment to Credit Agreement]

 


 

         
  FIDELITY SCHOOL STREET TRUST:
FIDELITY STRATEGIC INCOME FUND,
as a Lender
 
 
  By:   /s/ Jeffrey Christian    
    Name:   Jeffrey Christian   
    Title:   Deputy Treasurer   
[Signature Page to First Amendment to Credit Agreement]

 


 

         
  ILLINOIS MUNICIPAL RETIREMENT FUND,
as a Lender
 
 
  By:   /s/ Douglas Payne    
    Name:   Douglas Payne   
    Title:   Assistant Treasurer   
[Signature Page to First Amendment to Credit Agreement]

 


 

         
  VARIABLE INSURANCE PRODUCTS FUND V:
STRATEGIC INCOME PORTFOLIO,
as a Lender
 
 
  By:   /s/ Jeffrey Christian    
    Name:   Jeffrey Christian   
    Title:   Deputy Treasurer   
[Signature Page to First Amendment to Credit Agreement]

 


 

         
  MUTUAL EUROPEAN FUND,
as a Lender
 
 
  By:   /s/ Bradley Takahashi    
    Name:   Bradley Takahashi   
    Title:   Vice President   
[Signature Page to First Amendment to Credit Agreement]

 


 

         
  FRANKLIN MUTUAL RECOVERY FUND,
as a Lender
 
 
  By:   /s/ Bradley Takahashi    
    Name:   Bradley Takahashi   
    Title:   Vice President   
[Signature Page to First Amendment to Credit Agreement]

 


 

         
  THE ROYAL BANK OF SCOTLAND PLC
 
 
  By:   RBS Securities Inc., its agent    
       
    as a Lender
 
 
  By:   /s/ Jason Leddy    
    Name:   Jason Leddy   
    Title:   Authorized Signatory   
[Signature Page to First Amendment to Credit Agreement]

 


 

         
  Western Asset Management Company as
Investment Manager and Agent on behalf of:
Western Asset Floating Rate High Income Fund LLC,
as a Lender
 
 
  By:   /s/ W. Stephen Venable, Jr.    
    Name:   W. Stephen Venable, Jr.   
    Title:   Authorized Signatory   
[Signature Page to First Amendment to Credit Agreement]

 


 

         
  Western Asset Management Company as
Investment Manager and Agent on behalf of:
John Hancock Fund II Floating Rate Income Fund,
as a Lender
 
 
  By:   /s/ W. Stephen Venable, Jr.    
    Name:   W. Stephen Venable, Jr.   
    Title:   Authorized Signatory   
[Signature Page to First Amendment to Credit Agreement]

 


 

         
  CCIF Loans Limited
 
 
  By:   Goldman Sachs Asset Management, L.P.,    
    its sub advisor   
    as a Lender   
     
  By:   /s/ Brendan McGovern    
    Name:   Brendan McGovern   
    Title:   Authorized Signatory   
[Signature Page to First Amendment to Credit Agreement]

 


 

         
  ARTIO GLOBAL INVESTMENT FUNDS, ACTING SOLEY WITH RESPECT TO ITS SERIES, ARTIO GLOBAL HIGH INCOME FUND
as a Lender
 
 
  By:   /s/ Hendricus Bocxe    
    Name:   Hendricus Bocxe   
    Title:   Senior Vice President   
[Signature Page to First Amendment to Credit Agreement]

 


 

         
  ARTIO GLOBAL MANAGEMENT LLC, ON BEHALF OF THE ARTIO GLOBAL HIGH INCOME GROUP TRUST FUND,
as a Lender
 
 
  By:   /s/ Hendricus Bocxe    
    Name:   Hendricus Bocxe   
    Title:   Senior Vice President   
[Signature Page to First Amendment to Credit Agreement]

 


 

         
  ARTIO GLOBAL MANAGEMENT LLC, ON BEHALF OF THE ARTIO GLOBAL HIGH INCOME FUND LLC,
as a Lender
 
 
  By:   /s/ Hendricus Bocxe    
    Name:   Hendricus Bocxe   
    Title:   Senior Vice President   
[Signature Page to First Amendment to Credit Agreement]

 


 

         
  ARTIO GLOBAL MANAGEMENT LLC, ON BEHALF OF THE CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM,
as a Lender
 
 
  By:   /s/ Hendricus Bocxe    
    Name:   Hendricus Bocxe   
    Title:   Senior Vice President   
[Signature Page to First Amendment to Credit Agreement]

 


 

         
  ARTIO GLOBAL MANAGEMENT LLC, ON BEHALF OF THE GENERAL RETIREMENT SYSTEM OF THE CITY OF DETROIT,
as a Lender
 
 
  By:   /s/ Hendricus Bocxe    
    Name:   Hendricus Bocxe   
    Title:   Senior Vice President   
[Signature Page to First Amendment to Credit Agreement]

 


 

         
  ARTIO GLOBAL MANAGEMENT LLC, ON BEHALF OF THE CITY OF PHILADELPHIA PUBLIC EMPLOYEES RETIREMENT SYSTEM,
as a Lender
 
 
  By:   /s/ Hendricus Bocxe    
    Name:   Hendricus Bocxe   
    Title:   Senior Vice President   
[Signature Page to First Amendment to Credit Agreement]

 


 

         
  ARTIO GLOBAL MANAGEMENT LLC, ON BEHALF OF THE CALIFORNIA PUBLIC EMPLOYEES’ RETIREMENT SYSTEM,
as a Lender
 
 
  By:   /s/ Hendricus Bocxe    
    Name:   Hendricus Bocxe   
    Title:   Senior Vice President   
[Signature Page to First Amendment to Credit Agreement]

 


 

         
  Oaktree Opps TS Investments Ltd.,
as a Lender
 
 
  By:   Oaktree Capital Management, L.P.    
    Its: Director   
     
  By:   /s/ Scott L. Graves    
    Name:   Scott L. Graves   
    Title:   Managing Director   
     
  By:   /s/ Ken Liang    
    Name:   Ken Liang   
    Title:   Managing Director   
[Signature Page to First Amendment to Credit Agreement]

 


 

         
  Goldman Sachs Palmetto State Credit
Fund, L.P.,
as a Lender
 
 
  By:   Goldman Sachs Asset Management, L.P., its    
    investment manager   
       
     
  By:   /s/ Brendan McGovern    
    Name:   Brendan McGovern   
    Title:   Authorized Signatory   
[Signature Page to First Amendment to Credit Agreement]

 


 

         
 
Goldman Sachs Credit Strategies Fund,
as a Term Lender,
as a Lender
 
 
  By:   Goldman Sachs Asset Management,
solely in its capacity as Investment Manager,
and as Principal  
 
         
  By:   /s/ Brendan McGovern    
    Name:   Brendan McGovern   
    Title:   Authorized Signatory   
 
[Signature Page to First Amendment to Credit Agreement]

 


 

         
  Liberty Harbor Distressed Credit Aggregator
I, L.P., as a Lender
 
 
  By:   Liberty Harbor Distressed Credit
Opportunities Advisors, LLC as General Partner  
 
         
  By:   /s/ Brendan McGovern    
    Name:   Brendan McGovern   
    Title:   Authorized Signatory   
 
[Signature Page to First Amendment to Credit Agreement]

 


 

         
  Goldman Sachs Corporate Credit Investment
Fund LLC, as a Lender
 
 
  By:   Goldman Sachs Asset Management, L.P.,
its investment manager  
 
         
  By:   /s/ Brendan McGovern    
    Name:   Brendan McGovern   
    Title:   Authorized Signatory   
 
[Signature Page to First Amendment to Credit Agreement]

 


 

         
  Liberty Harbor Master Fund L LP.,
as a Lender
 
 
  By:   Goldman Sachs Asset Management, L.P.,
its investment manager  
 
         
  By:   /s/ Brendan McGovern    
    Name:   Brendan McGovern   
    Title:   Authorized Signatory   
 
[Signature Page to First Amendment to Credit Agreement]

 


 

         
  Mariner LDC,
as a Lender
 
 
  By:   Mariner Investment Group,
as Investment Advisor  
 
         
  By:   /s/ David Corleto    
    Name:   David Corleto   
    Title:   Principal   
 
[Signature Page to First Amendment to Credit Agreement]

 


 

         
  Caspian Capital Partners, L.P.,
as a Lender
 
 
  By:   Mariner Investment Group,
as Investment Advisor  
 
 
  By:   /s/ David Corleto    
    Name:   David Corleto   
    Title:   Principal   
 
[Signature Page to First Amendment to Credit Agreement]

 


 

         
  Caspian Corporate Loan Fund LLC,
as a Lender
 
 
  By:   Mariner Investment Group LLC,
as Investment Advisor  
 
 
    as a Term Lender
 
 
  By:   /s/ David Corleto    
    Name:   David Corleto   
    Title:   Principal   
 
[Signature Page to First Amendment to Credit Agreement]

 


 

         
  Caspian Select Credit Master Fund, Ltd.,
as a Lender
 
 
  By:   Mariner Investment Group,
as Investment Advisor  
 
 
  By:   /s/ David Corleto    
    Name:   David Corleto   
    Title:   Principal   
 
[Signature Page to First Amendment to Credit Agreement]

 


 

         
  Caspian Alpha Long Credit Fund, L.P.,
as a Lender
 
 
  By:   Mariner Investment Group LLC,
as Investment Advisor  
 
 
  By:   /s/ David Corleto    
    Name:   David Corleto   
    Title:   Principal   
 
[Signature Page to First Amendment to Credit Agreement]

 


 

         
  Caspian Solitude Master Fund, L.P.,
as a Lender
 
 
  By:   Mariner Investment Group LLC,
as Investment Advisor  
 
 
  By:   /s/ David Corleto    
    Name:   David Corleto   
    Title:   Principal   
 
[Signature Page to First Amendment to Credit Agreement]

 


 

         
  SPECTRUM ORIGINATION LLC,
as a Lender
 
 
  By:   /s/ Jeffrey A. Schaffer    
    Jeffrey A. Schaffer   
    Managing Member   
 
[Signature Page to First Amendment to Credit Agreement]

 


 

         
  DSTAR, LTD.,
as a Lender
 
 
  By:   /s/ Herbert E. Seif    
    Name:   Herbert E. Seif   
    Title:   Managing Director, Citigroup Alternative Investments, LLC Its Investment Adviser   
 
     
  By:   /s/ James Duplessie    
    Name:   James Duplessie   
    Title:   Managing Director, Citigroup Alternative Investments, LLC Its Investment Adviser   
 
[Signature Page to First Amendment to Credit Agreement]

 


 

         
  CAI DISTRESSED DEBT OPPORTUNITY MASTER FUND, LTD.,
as a Lender
 
 
  By:   /s/ Herbert E. Seif    
    Name:   Herbert E. Seif   
    Title:   Managing Director, Citigroup Alternative Investments, LLC Its Investment Adviser   
 
     
  By:   /s/ James Duplessie    
    Name:   James Duplessie   
    Title:   Managing Director, Citigroup Alternative Investments, LLC Its Investment Adviser   
 
[Signature Page to First Amendment to Credit Agreement]

 


 

         
  SPECIAL VALUE CONTINUATION PARTNERS, LP,
as a Lender
TENNENBAUM OPPORTUNITIES PARTNERS V, LP,
as a Lender
TENNENBAUM DIP OPPORTUNITY FUND, LLC,
as a Lender
 
 
  By:   Tennenbaum Capital Partners, LLC,
Investment Manager of each of the above companies  
 
 
  By:   /s/ David Hollander    
    Name:   David Hollander   
    Title:   Partner   
 
[Signature Page to First Amendment to Credit Agreement]