Exhibit 10.1

 

EXECUTION VERSION

 

Banc of America Capital Investors V, L.P.

100 N. Tryon

Charlotte, North Carolina 28255

 

March 21, 2014

 

 

ServiceMaster Global Holdings, Inc.

860 Ridge Lake Boulevard

Memphis, TN 38120

Attention: General Counsel

Facsimile: (901) 597-8821

 

Re:                             Termination of Indemnification Agreement

 

Ladies and Gentlemen:

 

Reference is made to that certain Amended and Restated Indemnification
Agreement, dated as of March 19, 2010, between ServiceMaster Global
Holdings, Inc. (the “Company”), The ServiceMaster Company and each of the
undersigned (the “Indemnification Agreement”).  Capitalized terms used and not
otherwise defined herein have the meanings ascribed to them in the
Indemnification Agreement.

 

The undersigned hereby agree that, in connection with the transfer on March 30,
2012 of certain shares of the Company held by the undersigned to Ridgemont
Partners Secondary Fund I, L.P., that, effective as of the date hereof, the
Indemnification Agreement shall be terminated and the provisions of the
Indemnification Agreement shall be of no further force or effect, provided that,
notwithstanding the foregoing, the obligations in Sections 2 through 4 of the
Indemnification Agreement shall survive solely with respect to any Obligations
required to be indemnified pursuant to the Indemnification Agreement arising out
of any facts, circumstances or events which occurred prior to the date hereof.

 

This Agreement shall be governed by and construed in accordance with the laws of
the State of New York.  This letter agreement may be executed in any number of
counterparts and by the parties hereto in separate counterparts, each of which
when so executed shall be deemed to be an original and all of which taken
together shall constitute one and the same instrument.

 

[SIGNATURES STARTING ON NEXT PAGE]

 

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Very truly yours,

 

 

 

BANC OF AMERICA CAPITAL INVESTORS V, L.P.

 

 

 

By:

Banc of America Capital

 

Management V, L.P., its General Partner

 

 

 

By:

BACM I GP, LLC, its General Partner

 

 

 

 

 

 

 

By:

/s/ Edward A. Balogh, Jr.

 

Name:

Edward A. Balogh, Jr.

 

Title:

COO

 

 

 

BAS CAPITAL FUNDING CORPORATION

 

 

 

 

 

By:

/s/ Jeffrey M. Atkins

 

Name:

Jeffrey M. Atkins

 

Title:

Managing Director

 

 

 

 

 

BACSVM, L.P.

 

 

 

By:

BA Equity Co-Invest GP, LLC, its General Partner

 

 

 

 

 

 

 

By:

/s/ Jeffrey M. Atkins

 

Name:

Jeffrey M. Atkins

 

Title:

Managing Director

 

 

 

 

 

BANC OF AMERICA STRATEGIC INVESTMENTS CORPORATION

 

By:

/s/ Jeffrey M. Atkins

 

Name:

Jeffrey M. Atkins

 

Title:

Managing Director

 

 

 

 

 

BANC OF AMERICA CAPITAL MANAGEMENT V, L.P.

 

 

 

By:

BACM I GP, LLC, its General Partner

 

 

 

 

 

 

 

By:

/s/ Edward A. Balogh, Jr.

 

Name:

Edward A. Balogh, Jr.

 

Title:

COO

 

[Signature Page to Termination Letter]

 

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BACM I GP, LLC

 

 

 

 

 

By:

/s/ Edward A. Balogh, Jr.

 

Name:

Edward A. Balogh, Jr.

 

Title:

COO

 

 

 

 

 

BA EQUITY CO-INVEST GP LLC

 

 

 

 

 

By:

/s/ Jeffrey M. Atkins

 

Name:

Jeffrey M. Atkins

 

Title:

Managing Director

 

 

 

 

 

 

Accepted and agreed to as of the date first above written

 

 

 

 

 

 

 

SERVICEMASTER GLOBAL HOLDINGS, INC.

 

 

 

 

 

 

 

 

 

 

 

By:

/s/ Alan J. M. Haughie

 

 

 

 

Name:

Alan J. M. Haughie

 

 

 

 

Title:

SVP & CFO

 

 

 

 

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