AMENDMENT NO. 1 TO FIRST AMENDED AND RESTATED FORBEARANCE AGREEMENT AND AMENDMENT TO CREDIT AGREEMENTSForbearance Agreement • April 22nd, 2009 • Franklin Credit Holding Corp/De/ • Finance services • Ohio
THIS AMENDMENT NO. 1 TO FIRST AMENDED AND RESTATED FORBEARANCE AGREEMENT AND AMENDMENT TO CREDIT AGREEMENTS (this “Amendment”), is effective as of the 20th day of April, 2009 (the “Amendment Effective Date”), by and among FRANKLIN CREDIT MANAGEMENT CORPORATION (“FCMC”), FRANKLIN CREDIT ASSET CORPORATION (“Franklin Asset”), FRANKLIN CREDIT HOLDING CORPORATION (“Holding”), Flow 2006 F CORP., FCMC 2006 M CORP., FCMC 2006 K CORP. and THE HUNTINGTON NATIONAL BANK (“Lender”). This Amendment amends and modifies a certain First Amended and Restated Forbearance Agreement and Amendment to Credit Agreements, dated as of December 19, 2008 (the “Forbearance Agreement”) by and among the parties hereto and certain other borrowers party to such Forbearance Agreement. All capitalized terms not otherwise defined herein shall have the meanings ascribed to such terms in the Forbearance Agreement. FCMC, Franklin Asset, Holding, and each Static Loan Borrower (as defined below) shall be individually an “Amen
