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Security Agreement

Addendum or Modifications

Security Agreement | Document Parties: CRC HEALTH CORPORATION | CRC HEALTH GROUP, INC | CRCA Holdings, Inc | JPMorgan Chase Bank, NA | Loan Administration, LLC | Loan Holdings, LLC | Lone Star Expeditions, Inc | Merrill Lynch, Pierce, Fenner & Smith Incorporated You are currently viewing:
This Addendum or Modifications involves

CRC HEALTH CORPORATION | CRC HEALTH GROUP, INC | CRCA Holdings, Inc | JPMorgan Chase Bank, NA | Loan Administration, LLC | Loan Holdings, LLC | Lone Star Expeditions, Inc | Merrill Lynch, Pierce, Fenner & Smith Incorporated

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Title: Security Agreement
Governing Law: New York     Date: 5/15/2009

Security Agreement, Parties: crc health corporation , crc health group  inc , crca holdings  inc , jpmorgan chase bank  na , loan administration  llc , loan holdings  llc , lone star expeditions  inc , merrill lynch  pierce  fenner & smith incorporated
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Ex. 2J


 

SUPPLEMENT NO. 10 dated as of April __, 2009, to the Security Agreement dated as of February 6, 2006 among CRC HEALTH CORPORATION, a Delaware corporation (f/k/a CRC HEALTH GROUP, INC.) (the “ Borrower ”), CRC HEALTH GROUP, INC., a Delaware corporation, (f/k/a/ CRCA Holdings, Inc.) (“ Holdings ”), and the Subsidiaries of the Borrower identified therein and CITIBANK, N.A., as Collateral Agent for the Secured Parties (as defined below).

 

A.           Reference is made to the Credit Agreement dated as of February 6, 2006 (as amended and restated as of November 17, 2006 and as subsequently amended, supplemented or otherwise modified from time to time, the “ Credit Agreement ”), among Holdings, the Borrower, the lenders from time to time party thereto, Citibank, N.A., as Administrative Agent, Collateral Agent, Swing Line Lender and L/C Issuer, each Lender from time to time party thereto, JPMorgan Chase Bank, N.A., as Syndication Agent, and Merrill Lynch, Pierce, Fenner & Smith Incorporated and Credit Suisse, as Co-Documentation Agents.

 

B.           Capitalized terms used herein and not otherwise defined herein shall have the meanings assigned to such terms in the Credit Agreement and the Security Agreement referred to therein.

 

C.           The Grantors have entered into the Security Agreement in order to induce the Lenders to make Loans and the L/C Issuers to issue Letters of Credit.  Section 7.14 of the Security Agreement provides that additional Restricted Subsidiaries of the Borrower may become Subsidiary Parties under the Security Agreement by execution and delivery of an instrument in the form of this Supplement.  Each of the undersigned Restricted Subsidiaries (individually, a “ New Subsidiary ” and collectively, the “ New Subsidiaries ”) is executing this Supplement in accordance with the requirements of the Credit Agreement to become a Subsidiary Party under the Security Agreement in order to induce the Lenders to make additional Loans and the L/C Issuers to issue additional Letters of Credit and as consideration for Loans previously made and Letters of Credit previously issued.

 

Accordingly, the Collateral Agent and the New Subsidiaries agree as follows:

 

SECTION 1.  In accordance with Section 7.14 of the Security Agreement, each New Subsidiary by its signature below becomes a Subsidiary Party (and accordingly, becomes a Grantor) and Grantor under the Security Agreement with the same force and effect as if originally named therein as a Subsidiary Party and each New Subsidiary hereby (a) agrees to all the terms and provisions of the Security Agreement applicable to it as a Subsidiary Party and Grantor thereunder and (b) represents and warrants that the representations and warranties made by it as a Grantor thereunder are true and correct on and as of the date hereof.  In furtherance of the foregoing, each New Subsidiary, as security for the payment and performance in full of the Obligations does hereby create and grant to the Collateral Agent, its successors and assigns, for the benefit of the Secured Parties, their successors and assigns, a security interest in and lien on all of such New Subsidiary’s right, title and interest in and to the


 
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