FIRST AMENDMENT TO CREDIT AGREEMENT
THIS FIRST AMENDMENT TO CREDIT AGREEMENT (this “Amendment”) is made as of the 3 rd day of September, 2004,
by and among AMERICAN CAPITAL STRATEGIES, LTD., as Borrower and Servicer, WELLS FARGO BANK, NATIONAL
ASSOCIATION, as Backup Servicer and as the Collateral Custodian, BRANCH BANKING AND TRUST COMPANY, as
Administrative Agent and a Bank, and LASALLE BANK NATIONAL ASSOCIATION, FIFTH THIRD BANK and HIBERNIA
NATIONAL BANK (collectively referred to herein as the “Banks”).
R E C I T A L S :
The Borrower, the Servicer, the Backup Servicer, the Collateral Custodian, the Administrative Agent and the Banks have
entered into a certain Credit Agreement dated as of March 25, 2004 (referred to herein as the “Credit Agreement”). Capitalized
terms used in this Amendment which are not otherwise defined in this Amendment shall have the respective meanings assigned
to them in the Credit Agreement.
The Borrower has requested the Administrative Agent and the Banks to amend the Credit Agreement to modify certain
provisions of the Credit Agreement as more fully set forth herein. The Banks, the Administrative Agent, the Servicer, the
Backup Servicer, the Collateral Custodian and the Borrower desire to amend the Credit Agreement upon the terms and
conditions hereinafter set forth.
NOW, THEREFORE, in consideration of the Recitals and the mutual promises contained herein and for other good and
valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Borrower, the Servicer, the Backup
Servicer, the Collateral Custodian, the Administrative Agent and the Banks, intending to be legally bound hereby, agree as
SECTION 1. Recitals . The Recitals are incorporated herein by reference and shall be deemed to be a part of this
SECTION 2. Amendments . The Credit Agreement is hereby amended as set forth in this Section 2 .
SECTION 2.01. Amendment to Section 1.01 . (a) Section 1.01