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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.
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| The Providence Service Corporation |
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| By: |
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/s/ Fletcher J. McCusker |
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Name: |
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Fletcher
J. McCusker |
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Title: |
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Chairman
and Chief Executive Officer |
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| Aristeia International Limited |
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| By: |
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/s/ Chong Park |
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Name: |
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Chong
Park |
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Title: |
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Portfolio
Manager, Direct Investments, |
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Aristeia Capital, L.L.C., its Investment Manager |
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| Aristeia Partners, L.P. |
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| By: |
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/s/ Chong Park |
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Name: |
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Chong
Park |
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Title: |
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Portfolio
Manager, Direct Investments, |
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Aristeia Capital, L.L.C. |
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