EX-10.40 3 w59939exv10w40.htm EX-10.40 exv10w40
EXHIBIT 10.40
 
 
Allied Capital Corporation
First Omnibus Waiver and Amendment to the Note Agreements
Dated as of July 25, 2008
Re:
Note Agreement dated as of May 14, 2003
$147,000,000 6.05% Senior Notes, Series B, due May 14, 2010
and
Note Agreement dated as of November 15, 2004
$252,500,000 5.53% Senior Notes, Series A, due November 15, 2009
$72,500,000 5.99% Senior Notes, Series B, due November 15, 2011
and
Note Agreement dated as of October 13, 2005
$261,000,000 6.15% Senior Notes, Series A, due October 13, 2010
$89,000,000 6.34% Senior Notes, Series B, due October 13, 2012
and
Note Agreement dated as of May 1, 2006
$50,000,000 6.75% Senior Notes due May 1, 2013
and
Note Agreement dated as of June 20, 2008
$140,500,000 7.82% Senior Notes, Series 2008-A, due June 20, 2013
$52,500,000 8.14% Senior Notes, Series 2008-B, due June 20, 2015
 
 

 

 

Allied Capital Corporation
1919 Pennsylvania Avenue, N.W.
Washington, DC 20006
First Omnibus Waiver and Amendment to the Note Agreements
Dated as of July 25, 2008
Re: Note Agreement dated as of May 14, 2003
$147,000,000 6.05% Senior Notes, Series B, due May 14, 2010
and
Note Agreement dated as of November 15, 2004
$252,500,000 5.53% Senior Notes, Series A, due November 15, 2009
$72,500,000 5.99% Senior Notes, Series B, due November 15, 2011
and
Note Agreement dated as of October 13, 2005
$261,000,000 6.15% Senior Notes, Series A, due October 13, 2010
$89,000,000 6.34% Senior Notes, Series B, due October 13, 2012
and
Note Agreement dated as of May 1, 2006
$50,000,000 6.75% Senior Notes due May 1, 2013
and
Note Agreement dated as of June 20, 2008
$140,500,000 7.82% Senior Notes, Series 2008-A, due June 20, 2013
$52,500,000 8.14% Senior Notes, Series 2008-B, due June 20, 2015
To each of the Noteholders
named in Schedule A attached hereto which are also
signatories to this First Omnibus Waiver and Amendment
to the Note Agreements (this “First Waiver and Amendment”).
Ladies and Gentlemen:
     Reference is made to (i) the Note Agreement dated as of May 14, 2003 (the “2003 Note Agreement”) under and pursuant to which the $147,000,000 6.05% Senior Notes, Series B, due May 14, 2010 (the “2003 Notes”) were originally issued and sold, (ii) the Note Agreement dated as of November 15, 2004 (the “2004 Note Agreement”) under and pursuant to which (a) the $252,500,000 5.53% Senior Notes, Series A, due November 15, 2009 (the “2004 Series A Notes”) and (b) the $72,500,000 5.99% Senior Notes, Series B, due November 15, 2011 (the “2004 Series B Notes”, and together with the 2004 Series A Notes, the “2004 Notes”) were originally issued and sold, (iii) the Note Agreement dated as of October 13, 2005 (the “2005 Note Agreement”) under and pursuant to which (a) the $261,000,000 6.15% Senior Notes, Series A, due October 13, 2010 (the “2005 Series A Notes”) and (b) the $89,000,000 6.34% Senior Notes, Series B, due October 13, 2012 (the “2005 Series B Notes”, and together with the 2005 Series A Notes, the “2005 Notes”) were originally issued and sold, (iv) the Note

 

 

Agreement dated as of May 1, 2006 (the “2006 Note Agreement”) under and pursuant to which the $50,000,000 6.75% Senior Notes due May 1, 2013 (the “2006 Notes”) were originally issued and sold, and (v) the Note Agreement dated as of June 20, 2008 (the “2008 Note Agreement”) under and pursuant to which (a) the $140,500,000 7.82% Senior Notes, Series 2008-A, due June 20, 2013 (the “2008 Series A Notes”) and (b) the $52,500,000 8.14% Senior Notes, Series 2008-B, due June 20, 2015 (the “2008 Series B Notes”, and together with the 2008 Series A Notes, the “2008 Notes”, and together with the 2003 Notes, the 2004 Notes, the 2005 Notes, and the 2006 Notes, the “Notes”) were originally issued and sold, each of which are by and among Allied Capital Corporation, a Maryland corporation (the “Company”), and the institutional investors named therein. The current holders of the Notes are named in Schedule A hereto and are collectively referred to as the “Noteholders” and individually as a “Noteholder”. The 2003 Note Agreement, the 2004 Note Agreement, the 2005 Note Agreement, the 2006 Note Agreement and the 2008 Note Agreement are collectively referred to as the “Note Agreements” and individually as a “Note Agreement”. Terms used but not otherwise defined herein shall have the meanings set forth in the Note Agreements.
     The Company has requested certain waivers and amendments to the Note Agreements and hereby agrees with you as follows:
Article 1.
Waiver of Defaults.
     Section 1.1. Waiver of Defaults. The Company has notified the Noteholders that it has declared certain dividends on its capital stock payable on dates that are more than the 60 days or 80 days, as the case may be, permitted by Section 5.10 of the Note Agreements. The Noteholders hereby waive any Event of Default arising under the Note Agreements solely on account of such declaration and payment (including any Event of Default arising under Section 6.1(d) or (g)) and the failure to give the notice required by Section 6.2 of the Note Agreements.
     Section 1.2. Limited Waivers; Reservation of Rights. The Company acknowledges and agrees that the waivers granted in this Section 1 are specific in intent and are valid only for the specific purposes for which they are being given, are waivers of known Events of Default only, shall not in any way obligate the Noteholders to agree to any additional waivers of the provisions of the Note Agreements, and shall not in any way be deemed to constitute or operate as a waiver of any Noteholder’s right under the Note Agreements to exercise remedies resulting from (i) existing and/or continuing Defaults or Events of Default of which such Noteholder is not actually aware or (ii) other future Defaults or Events of Default, whether or not of a similar nature and whether or not known to any Noteholder.

-2-

 

Article 2.
Amendment of the Note Agreements.
     Amendment of Section 5.10 (Restricted Payments). The second to last paragraph of Section 5.10 of each Note Agreement shall be and is hereby amended and restated in its entirety as follows:
The Company will not declare any dividend which constitutes a Restricted Payment payable more than 80 days after the date of declaration thereof; provided that dividends payable in the fourth quarter and any year-end extra dividend which constitute a Restricted Payment may be payable up to 120 days after the date of declaration thereof.
Article 3.
Representations and Warranties.
     The Company represents and warrants that as of the date hereof and after giving effect hereto:
     (a) The execution and delivery of this First Waiver and Amendment by the Company and compliance by the Company with all of the provisions of the Note Agreements, as amended by this First Waiver and Amendment—
     (i) are within the corporate power and authority of the Company; and
     (ii) will not violate any provisions of any law or any order of any court or governmental authority or agency, and will not conflict with or result in any breach of any of the terms, conditions or provisions of, or constitute a default under the articles of incorporation or bylaws of the Company or any indenture or other agreement or instrument to which the Company is a party or by which the Company may be bound, or result in the imposition of any Liens or encumbrances on any property of the Company.
     (b) The execution and delivery of this First Waiver and Amendment has been duly authorized by all necessary corporate action on the part of the Company (no action by the stockholders of the Company being required by law, by the articles of incorporation or bylaws of the Company or otherwise, other than those actions which have been obtained or effected); and this First Waiver and Amendment has been duly executed and delivered by the Company, and each Note Agreement, as amended by this First Waiver and Amendment, constitutes the legal, valid and binding obligation, contract and agreement of the Company, enforceable in accordance with its terms, subject to bankruptcy, insolvency, fraudulent conveyance and similar laws affecting creditors’ rights generally, and general principles of equity (regardless of whether the application of such principles is considered in a proceeding in equity or at law).

-3-

 

     (c) Upon the effectiveness of this First Waiver and Amendment no Default or Event of Default shall exist or be continuing.
Article 4.
Miscellaneous.
     Section 4.1. Ratification of the Note Agreements. Except as herein expressly amended, the Note Agreements are in all respects ratified and confirmed. If and to the extent that any of the terms or provisions of the Note Agreements are in conflict or inconsistent with any of the terms or provisions of this First Waiver and Amendment, this First Waiver and Amendment shall govern.
     Section 4.2. References to the Agreement. References in any Note Agreement or in any Note, certificate, instrument or other document related to or delivered in connection with the transactions contemplated by any Note Agreement shall be deemed to be references to such Note Agreement as amended hereby and as further amended from time to time.
     Section 4.3. Successors and Assigns. This First Waiver and Amendment shall be binding upon the Company and its successors and assigns and shall inure to the benefit of each Noteholder and such Noteholder’s successors and assigns, including each successive holder or holders of any Notes.
     Section 4.4. Requisite Approval; Expenses. This First Waiver and Amendment shall be effective as of the date first written above upon the satisfaction of the following conditions precedent: (a) the Company and the holders of at least 51% in aggregate principal amount of each of the 2003 Notes, the 2004 Notes, the 2005 Notes, the 2006 Notes and the 2008 Notes shall have executed this First Waiver and Amendment; (b) copies of the waiver to the Bank Credit Agreement shall have been delivered to the Noteholders, and shall be substantively similar to the waiver portion of this First Waiver and Amendment and in form reasonably satisfactory to the Noteholders; (c) the Company shall have paid a fee to each Noteholder in an amount equal to 10.0 basis points of the principal amount of Notes held by such Noteholder; and (d) the Company shall have paid the reasonable fees, expenses and disbursements of Chapman and Cutler LLP which are reflected in statements of such counsel rendered on or prior to the date of this First Waiver and Amendment.
     Section 4.5. Counterparts. This First Waiver and Amendment may be executed in any number of counterparts, each executed counterpart constituting an original but all together only one agreement.
     Section 4.6. Governing Law. This First Waiver and Amendment shall be construed and enforced in accordance with, and the rights of the parties shall be governed by, the law of the State of New York excluding choice-of-law principles of the law of such State that would require the application of the laws of a jurisdiction other than such State.
[Signature Pages Follow]

-4-

 

     IN WITNESS WHEREOF, the Company has executed this First Omnibus Waiver and Amendment to the Note Agreements as of the day and year first above written.
         
  Allied Capital Corporation
 		  
  By   /s/ Penni Roll    
    Name:   Penni Roll   
    Title:   Chief Financial Officer   

-5-

 

     In Witness Whereof, the Noteholders under the Note Agreements have executed this First Omnibus Waiver and Amendment to the Note Agreements as of the day and year first above written.
         
 
American Fidelity Assurance Company (as
Noteholder under the 2005 Note Agreement)
American Republic Insurance Company (as
Noteholder under the 2008 Note Agreement)
Blue Cross and Blue Shield of Florida, Inc.
(as Noteholder under the 2005 Note Agreement)
The Catholic Aid Association (as Noteholder
under the 2008 Note Agreement)
Catholic Knights (as Noteholder under the
2008 Note Agreement)
Cincinnati Insurance Company (as
Noteholder under the 2008 Note Agreement)
Colorado Bankers Life Insurance Company
(as Noteholder under the 2005 Note Agreement)
Farm Bureau Life Insurance Company of
Michigan (as Noteholder under the 2005
Note Agreement)
Fidelity Life Association (as Noteholder
under the 2008 Note Agreement)
Fort Dearborn Life Insurance Company
(as Noteholder under the 2004 Note Agreement
and the 2005 Note Agreement)
Great Western Insurance Company (as
Noteholder under the 2008 Note Agreement)
GuideOne Mutual Insurance Company (as
Noteholder under the 2008 Note Agreement)
The Lafayette Life Insurance Company (as
Noteholder under the 2008 Note Agreement)
Minnesota Life Insurance Company (as
Noteholder under the 2005 Note Agreement and
the 2008 Note Agreement)
Security National Life Insurance Company (as
Noteholder under the 2008 Note Agreement)
  
 
  By:   Advantus Capital Management, Inc.    
     
  By   /s/ Robert W. Thompson    
    Name:   Robert W. Thompson   
    Title:   Vice President   

-6-

 

         
 
AIG Annuity Insurance Company (as
Noteholder under the 2003 Note Agreement)
The Variable Annuity Life Insurance Company
(as Noteholder under the 2003 Note Agreement)
 		  
  By:  AIG Global Investment Corp., investment
        adviser
 		  
  By   /s/ Gerald F. Herman    
    Name:   Gerald F. Herman   
    Title:   Vice President   
 
 
Allianz Life Insurance Company of North
America (as Noteholder under the 2005
Note Agreement)

By:   Allianz of America, Inc., as the authorized
        signatory, investment manager, of which,
        the security should be registered under the
        Nominee Name (MAC & CO)
 		  
  By   /s/ Brian F. Landry    
    Name:   Brian F. Landry   
    Title:   Vice President   

-7-

 

         
 
Allstate Life Insurance Company
(as Noteholder under the 2003 Note Agreement
and the 2005 Note Agreement)
 		  
  By   /s/ Robert B. Bodett    
    Name:   Robert B. Bodett   
     
  By   /s/ Allen Dick    
    Name:   Allen Dick   
    Authorized Signatories   
 
 
Allstate Life Insurance Company of
New York (as Noteholder under the
2003 Note Agreement and the 2005 Note
Agreement)
 		  
  By   /s/ Robert B. Bodett    
    Name:   Robert B. Bodett   
 
  By   /s/ Allen Dick    
    Name:   Allen Dick   
    Authorized Signatories   
 
 
American Equity Investment Life Insurance
Company (as Noteholder under the 2004
Note Agreement and the 2005 Note Agreement)
 		  
  By   /s/ Rachel Stauffer    
    Name:   Rachel Stauffer   
    Title:   Vice President Investments   
 
 
American Equity Investment Life Insurance
Company of New York (as Noteholder
under the 2004 Note Agreement)
 		  
  By   /s/ Rachel Stauffer    
    Name:   Rachel Stauffer   
    Title:   Vice President Investments   

-8-

 

         
 
American Family Life Assurance Company
of Columbus (as Noteholder under the
2005 Note Agreement and the 2006 Note
Agreement)
 		  
  By   /s/ Mary Ellen Keim    
    Name:   Mary Ellen Keim   
    Title:   Vice President Fixed Income   
 
 
California National Bank (as Noteholder
under the 2005 Note Agreement)
 		  
  By   /s/ Lisa Alexander    
    Name:   Lisa Alexander   
    Title:   Senior Vice President/Treasurer   
 
 
Connecticut General Life Insurance Company
(as Noteholder under the 2003 Note
Agreement and the 2004 Note Agreement)

By:   Cigna Investments, Inc. (authorized agent)
 		  
  By   /s/ Debra J. Height    
    Name:   Debra J. Height   
    Title:   Managing Director   
 
 
Life Insurance Company of North America
(as Noteholder under the 2004 Note
Agreement)
 		  
  By:   CIGNA Investments, Inc. (authorized agent)
 		  
  By   /s/ Debra J. Height    
    Name:   Debra J. Height   
    Title:   Managing Director   
 

-9-

 

         
 
CUNA Mutual Insurance Society (as
Noteholder under the 2008 Note Agreement)
 		  
  By:   MEMBERS Capital Advisors, Inc.,
acting as Investment Advisor  		  
     
  By   /s/ Allen R. Cantrell    
    Name:   Allen R. Cantrell   
    Title:   Director, Private Placements   
 
 
Employees’ Retirement System of Alabama
(as Noteholder under the 2005 Note Agreement)
 		  
  By   /s/ Julie Barranco    
    Name:   Julie Barranco   
    Title:   Director of Fixed Income   
 
 
Judicial Retirement Fund (as Noteholder
under the 2005 Note Agreement)
 		  
  By   /s/ Julie Barranco    
    Name:   Julie Barranco   
    Title:   Director of Fixed Income   
 
 
PEIRAF — Deferred Compensation Plan (as
Noteholder under the 2005 Note Agreement)
 		  
  By   /s/ Julie Barranco    
    Name:   Julie Barranco   
    Title:   Director of Fixed Income   
 
 
Teachers’ Retirement System of Alabama
(as Noteholder under the 2005 Note Agreement)
 		  
  By   /s/ Julie Barranco    
    Name:   Julie Barranco   
    Title:   Director of Fixed Income   

-10-

 

         
 
Federated Life Insurance Company (as
Noteholder under the 2003 Note Agreement)
 		  
  By   /s/ Mark A. Hood    
    Name:   Mark A. Hood   
    Title:   Vice President   
 
  Genworth Life Insurance Company
(f/k/a General Electric Capital Assurance
Company) (as Noteholder under the 2004 Note
Agreement and the 2005 Note Agreement)
 		  
  By   /s/ John Endres    
    Name:   John Endres   
    Title:   Investment Officer   
 
 
The Guardian Life Insurance Company of
America (as Noteholder under the 2004
Note Agreement)
 		  
  By   /s/ Ellen I. Whittaker    
    Name:   Ellen I. Whittaker   
    Title:   Senior Director, Private Placements   
 
 
The Guardian Insurance & Annuity Company,
Inc. (as Noteholder under the 2004 Note Agreement)
 		  
  By   /s/ Ellen I. Whittaker    
    Name:   Ellen I. Whittaker   
    Title:   Senior Director, Private Placements   

-11-

 

         
 
John Hancock Life Insurance Company (as
Noteholder under the 2003 Note Agreement and
2004 Note Agreement)
 		  
  By   /s/ Anthony J. Della Piana    
    Name:   Anthony J. Della Piana   
    Title:   Senior Managing Director   
 
 
John Hancock Variable Life Insurance Company
(as Noteholder under the 2003 Note
Agreement and 2004 Note Agreement)
 		  
  By   /s/ Anthony J. Della Piana    
    Name:   Anthony J. Della Piana   
    Title:   Authorized Signatory   
 
 
John Hancock Life & Health Insurance Company
(f/k/a Manulife Insurance Company) (as
Noteholder under the 2003 Note Agreement)
 		  
  By   /s/ Anthony J. Della Piana    
    Name:   Anthony J. Della Piana   
    Title:   Authorized Signatory   
 
 
John Hancock Life Insurance Company (U.S.A.)
(f/k/a The Manufacturers Life Insurance
Company (U.S.A.)) (as Noteholder under the
2004 Note Agreement)
 		  
  By   /s/ Anthony J. Della Piana    
    Name:   Anthony J. Della Piana   
    Title:   Authorized Signatory   

-12-

 

         
 
Signature 7 L.P. (as Noteholder under
the 2004 Note Agreement)
 		  
  By:   Hancock Capital Investment Management, LLC,
as Portfolio Advisor  		  
     
  By   /s/ Anthony J. Della Piana    
    Name:   Anthony J. Della Piana   
    Title:   Senior Managing Director   
 
 
Signature 6 Limited (as Noteholder under
the 2004 Note Agreement)
 		  
  By:   Hancock Capital Investment Management, LLC,
as Portfolio Advisor  		  
     
  By   /s/ Anthony J. Della Piana    
    Name:   Anthony J. Della Piana   
    Title:   Senior Managing Director   
 
 
JPMorgan Chase Bank, not individually but
solely in its capacity as Directed Trustee of
the commingled assets of the Long Term
Investment Trust (fka AT&T Master Pension
Trust) and the SBC Master Pension Trust (as
Noteholder under the 2004 Note Agreement)
 		  
  By   /s/ Amy L. Schneeberger    
    Name:   Amy L. Schneeberger   
    Title:   Vice President   

-13-

 

         
         
 
ING USA Annuity and Life Insurance Company
(as Noteholder under the 2008 Note Agreement)
ING Life Insurance and Annuity Company
(as Noteholder under the 2008 Note Agreement)
ReliaStar Life Insurance Company (as
Noteholder under the 2008 Note Agreement)
Security Life of Denver Insurance Company
(as Noteholder under the 2008 Note Agreement)
 		  
  By:   ING Investment Management LLC, as Agent    
     
  By   /s/ Christopher P. Lyons    
    Name:   Christopher P. Lyons   
    Title:   Senior Vice President   
 
 
Metropolitan Life Insurance Company (as
Noteholder under the 2004 Note Agreement)

MetLife Insurance Company of Connecticut,
by Metropolitan Life Insurance Company,
its Investment Manager
 		  
  By   /s/ Judith A. Gulotta    
    Name:   Judith A. Gulotta   
    Title:   Managing Director   
 
  (executed by Metropolitan Life Insurance
Company (i) as to itself as a Purchaser and (ii)
as investment manager to MetLife Insurance
Company of Connecticut as a Purchaser)
 		  

-14-

 

         
         
 
Midland National Life Insurance
Company (as Noteholder under the 2005
Note Agreement)
 		  
  By:   Guggenheim Partners Advisory Company    
     
  By   /s/ Kaitlin Trinh    
    Name:   Kaitlin Trinh   
    Title:   Director   
 
 
North American Company for Life
and Health Insurance (as Noteholder
under the 2005 Note Agreement)
 		  
  By:   Guggenheim Partners Advisory Company    
     
  By   /s/ Kaitlin Trinh    
    Name:   Kaitlin Trinh   
    Title:   Director   
 

-15-

 

         
 
National Benefit Life Insurance Company
(as Noteholder under the 2004 Note Agreement)
 		  
  By:   Conning Asset Management Company, as Investment Manager   
 
  By   /s/ John H. DeMallie    
    Name:   John H. DeMallie   
    Title:   Director   
 
 
Primerica Life Insurance Company (as
Noteholder under the 2004 Note Agreement)
 		  
  By:   Conning Asset Management Company, as Investment Manager   
 
  By   /s/ John H. DeMallie    
    Name:   John H. DeMallie   
    Title:   Director   
 
 
Reassure America Life Insurance Company
(as Noteholder under the 2003 Note
Agreement)
 		  
  By:   Conning Asset Management Company, as Investment Manager   
 
  By   /s/ John H. DeMallie    
    Name:   John H. DeMallie   
    Title:   Director   
 
 
Swiss Re Life & Health America, Inc. (as
Noteholder under the 2003 Note Agreement and
the 2004 Note Agreement)
 		  
  By:   Conning Asset Management Company, as Investment Manager   
 
  By   /s/ John H. DeMallie    
    Name:   John H. DeMallie   
    Title:   Director   

-16-

 

         
         
 
Nationwide Life and Annuity Insurance Company
(as Noteholder under the 2004 Note
Agreement and the 2005 Note Agreement)
Nationwide Life Insurance Company (as
Noteholder under the 2004 Note Agreement and
the 2005 Note Agreement)
Nationwide Life Insurance Company of America
(as Noteholder under the 2004 Note
Agreement)
Nationwide Multiple Maturity Separate Account
(as Noteholder under the 2005 Note Agreement)
Nationwide Mutual Insurance Company (as
Noteholder under the 2004 Note Agreement)
 		  
  By   /s/ Thomas A. Gleason    
    Name:   Thomas A. Gleason   
    Title:   Authorized Signatory   

-17-

 

         
         
 
New York Life Insurance Company
(as Noteholder under the 2003 Note Agreement,
the 2004 Note Agreement and the 2005 Note Agreement)
 		  
  By   /s/ A. Post Howland    
    Name:   A. Post Howland   
    Title:   Corporate Vice President   
 
 
New York Life Insurance and Annuity
Corporation (as Noteholder under the
2003 Note Agreement, the 2004 Note Agreement
and the 2005 Note Agreement)
 		  
  By   New York Life Investment Management LLC, its Investment Manager   
 
  By   /s/ A. Post Howland    
    Name:   A. Post Howland   
    Title:   Director   
 
 
New York Life Insurance and Annuity
Corporation Institutionally Owned
Life Insurance Separate Account (as
Noteholder under the 2003 Note Agreement and
the 2005 Note Agreement)
 		  
  By   New York Life Investment Management LLC, its Investment Manager   
 
  By   /s/ A. Post Howland    
    Name:   A. Post Howland   
    Title:   Director   

-18-

 

         
         
 
The Northwestern Mutual Life Insurance
Company (as Noteholder under the 2004
Note Agreement, the 2005 Note Agreement and
the 2008 Note Agreement)
 		  
  By   /s/ David A. Barras    
    Name:   David A. Barras   
    Its Authorized Representative   
 
 
Ohio National Life Assurance Corporation
(as Noteholder under the 2005 Note Agreement
and the 2008 Note Agreement)
 		  
  By   /s/ Jed R. Martin    
    Name:   Jed R. Martin   
    Title:   Vice President, Private Placements   
 
 
The Ohio National Life Insurance Company
(as Noteholder under the 2004 Note Agreement
and the 2005 Note Agreement)
 		  
  By   /s/ Jed R. Martin    
    Name:   Jed R. Martin   
    Title:   Vice President, Private Placements   

-19-

 

         
         
 
Park National Bank (as Noteholder under
the 2005 Note Agreement)
 		  
  By   /s/ John Kratkoczki    
    Name:   John Kratkoczki   
    Title:   Vice President / Controller   
 
 
Phoenix Life Insurance Company (as
Noteholder under the 2005 Note Agreement)
 		  
  By   /s/ Christopher M. Wilkos    
    Name:   Christopher M. Wilkos   
    Title:   Senior Vice President Corporate Portfolio Management Phoenix Life Insurance Company   
 
 
PHL Variable Insurance Company (as
Noteholder under the 2005 Note Agreement)
 		  
  By   /s/ Christopher M. Wilkos, CFA    
    Name:   Christopher M. Wilkos   
    Title:   Senior Vice President Corporate Portfolio Management PHL Variable Insurance Company   
 
 
San Diego National Bank (as Noteholder
under the 2005 Note Agreement)
 		  
  By   /s/ Eric W. Larson    
    Name:   Eric W. Larson   
    Title:   Senior Vice President/Chief Financial Officer   

-20-

 

         
         
 
Sun Life Assurance Company of Canada (as
Noteholder under the 2004 Note Agreement and
the 2008 Note Agreement)
 		  
  By   /s/ Paul Sinclair    
    Name:   Paul Sinclair   
    Title:   Managing Director Head of Private Fixed Debt Private Fixed Income   
     
  By   /s/ Kevin Phelan    
    Name:   Kevin Phelan   
    Title:   Managing Director Private Fixed Income   

-21-

 

         
         
 
Sun Life Assurance Company of Canada (U.S.)
(as Noteholder under the 2008 Note
Agreement)
 		  
  By   /s/ Deborah J. Foss    
    Name:   Deborah J. Foss   
    Title:   Managing Director, Head of Private Debt Private Fixed Income   
 
  By   /s/ Ann C. King    
    Name:   Ann C. King   
    Title:   Assistant Vice President and Senior Counsel   
 
 
Sun Life Insurance and Annuity Company of New
York (as Noteholder under the 2008 Note
Agreement)
 		  
  By   /s/ Deborah J. Foss    
    Name:   Deborah J. Foss   
    Title:   Authorized Signer   
 
  By   /s/ Ann C. King    
    Name:   Ann C. King   
    Title:   Senior Counsel   
 
 
Sun Life Assurance Company of Canada (as
Noteholder under the 2003 Note Agreement and
the 2008 Note Agreement) acting
through its U.S. branch
 		  
  By   /s/ Deborah J. Foss    
    Name:   Deborah J. Foss   
    Title:   Managing Director, Head of Private Debt Private Fixed Income   
 
  By   /s/ Ann C. King    
    Name:   Ann C. King   
    Title:   Senior Counsel   

-22-

 

         
         
  Sun Life Hong Kong Limited
 		  
  By:   Sun Capital Advisers LLC, its Investment Advisor (as Noteholder under the 2003 Note Agreement)   
 
  By   /s/ Deborah J. Foss    
    Name:   Deborah J. Foss   
    Title:   Authorized Signer   
 
  By   /s/ Ann C. King    
    Name:   Ann C. King   
    Title:   Authorized Signer   
 
 
Teachers Insurance and Annuity Association of
America (as Noteholder under the 2003
Note Agreement, the 2004 Note Agreement, the
2005 Note Agreement and the 2008 Note
Agreement)
 		  
  By   /s/ Brian K. Roelke    
    Name:   Brian K. Roelke   
    Title:   Director   
 
 
TIAA-CREF Life Insurance Company (as
Noteholder under the 2004 Note Agreement)
 		  
  By:   Teachers Insurance and Annuity Association of America, as Investment Manager   
 
  By   /s/ Brian K. Roelke    
    Name:   Brian K. Roelke   
    Title:   Director   

-23-

 

         
         
 
The Travelers Indemnity Company (as
Noteholder under the 2005 Note Agreement)
 		  
  By   /s/ Annette M. Masterson    
    Name:   Annette M. Masterson   
    Title:   Vice President   
 
 
Woodmen of the World Life Insurance Society
(as Noteholder under the 2005 Note Agreement)
 		  
  By   /s/ James J. Stolze    
    Name:   James J. Stolze   
    Title:   Assistant Vice President   
 

-24-