exv10w30






Exhibit 10.30




SHARE PLEDGE




     THIS SHARE PLEDGE (this “Agreement”) dated as of February 10, 2010 made by REALPAGE, INC. (the
“Pledgor”), a Delaware corporation, to and in favour of WELLS FARGO CAPITAL FINANCE, LLC (formerly,
Wells Fargo Foothill, LLC) (the “Agent”), a Delaware limited liability company, as arranger and
administrative agent for and on behalf of the Lender Group and the Bank Product Providers (each a
“Beneficiary” and collectively, the “Beneficiaries”).



WHEREAS:



A. The Pledgor has entered into a credit agreement dated as of September 3, 2009 with the Agent,
and such lenders as there may be from time to time (as such agreement may at any time or from time
to time be amended, supplemented or otherwise modified or restated, the “Credit Agreement”).



B. The Pledgor is as at the date hereof the holder of all of the issued and outstanding shares in
the capital of 43642 Yukon Inc. (the “Pledged Company”), as described in Schedule A hereto (the
foregoing shares (the “Initial Shares”) plus any securities of the Pledged Company which the
Pledgor hereafter holds, owns or acquires are referred to, collectively, as the “Shares”).



C. It is a condition of the continued advance of said credit facilities by the Lender Group to the
Pledgor that the Pledgor execute and deliver this Agreement together with the share certificates
representing the Shares (the “Certificates”), duly endorsed in blank for transfer accompanied by a
stock power of attorney, to and in favour of the Agent for and on behalf of the Beneficiaries as
collateral security for the payment and performance of all the Obligations (as defined in the
Credit Agreement).




          NOW THEREFORE WITNESSETH that in consideration of these premises and other good and valuable
consideration, the receipt and sufficiency of which is hereby acknowledged by the Pledgor, the
Pledger covenants, declares and agrees as follows:



1. Definitions. All terms defined in the Credit Agreement and not otherwise defined herein or in
the recitals hereto shall have the respective meanings attributed to them in the Credit Agreement.



2. Pledge. The Pledgor hereby assigns, mortgages, charges, hypothecates, pledges and grants to the
Agent a security interest in, the Shares and the Certificates together with all replacements
thereof, substitutions therefor, accretions thereto, interest and dividends thereon (whether in
cash, kind or stock) and proceeds thereof (the whole being herein called the “Pledged Collateral”),
to be held by the Agent for the benefit of and on behalf of the Beneficiaries as general and
continuing collateral security for the payment and performance of (i) all Obligations, (ii) all
interest, fees, commissions, charges, expense reimbursements, indemnifications and all other
amounts due or to become due from the Pledgor under any Loan Document, and (iii) all expenses
payable by the Pledgor in connection with any and all of the foregoing (collectively, the “Secured
Obligations”).




 









 







3. Delivery of Certificates. The Certificates evidencing the Initial Shares accompanied by a stock
power of attorney executed in blank shall forthwith be delivered to and remain in the custody of
the Agent or its nominee. Any or all Shares may, at the option of the Agent, be registered in the
name of the Agent or its nominee and the Pledgor covenants to deliver such further stock powers of
attorney and similar documents with respect to the Shares as the Agent or its nominee may
reasonably from time to time request, satisfactory in form and substance to the Agent. If the
charter documents of the Pledged Company restricts the transfer of the Shares of the Pledged
Company, then the Pledgor shall also deliver to the Agent a certified copy of a resolution of the
directors or shareholders of the Pledged Company consenting to the transfer(s) contemplated by this
Agreement, including any prospective transfer of the Pledged Collateral by the Agent upon a
realization on the security constituted hereby. Except as otherwise permitted under the Loan
Documents, the Pledgor shall not cause or permit any Person other than the Agent to have “control”
(as defined in The Securities Transfer Act (Manitoba)) of the Pledged Collateral, other than
“control” in favour of a securities intermediary which has subordinated its lien to the lien of the
Agent pursuant to documentation in form and substance satisfactory to the Agent.



4. Attachment; No Obligation to Advance. The Pledgor confirms that value has been given by the
Agent to the Pledgor, that the Pledgor has rights in the Pledged Collateral (other than
after-acquired property) and that the Pledgor and the Agent have not agreed to postpone the time
for attachment of the security interests created by this Agreement to any of the Pledged
Collateral. The security interests created by this Agreement will have effect and be deemed to be
effective whether or not the Secured Obligations or any part thereof are owing or in existence
before or after or upon the date of this Agreement. Neither the execution of this Agreement nor
any advance of funds shall oblige the Agent to advance any funds or any additional funds.



5. Representations and Warranties. The Pledgor represents and warrants to the Agent, for the
benefit of the Lenders, that:





	 	(a)	 	Schedule A correctly sets forth all of the issued and outstanding shares of
each class of the equity interests of the Pledged Company represented by such Initial
Shares;
	 
	 	(b)	 	the Initial Shares have been duly and validly authorized and issued by the
Pledged Company and are fully paid and nonassessable;
	 
	 	(c)	 	except for the security interests granted hereunder, the Pledgor (i) is and,
subject to any transfers made in compliance with the Credit Agreement, will continue to
be the direct owner, beneficially and of record, of the Initial Shares indicated on
Schedule A, (ii) holds the same free and clear of all Liens other than Liens that are
created by the Loan Documents or Permitted Liens that are non-consensual Liens to the
extent arising by operation of law, (iii) will make no assignment, pledge,
hypothecation or transfer of, or create or permit to exist any security interest in or
other Lien on, the Pledged Collateral, other than Liens created by this Agreement, and
transfers made in compliance with the Credit Agreement, and (iv) will cause any and all
Pledged Collateral, whether for value paid by the Pledgor or otherwise, to be forthwith
deposited with the Agent and pledged or assigned hereunder;




 









 






	 	(d)	 	except for restrictions and limitations imposed by the Loan Documents, the
articles of incorporation of the Pledged Company, or securities laws generally, the
Pledged Collateral is and will continue to be freely transferable and assignable, and
none of the Pledged Collateral is or will be subject to any option, right of first
refusal, shareholders agreement or contractual restriction of any nature that might
prohibit, impair, delay or otherwise affect the pledge of such Pledged Collateral
hereunder, the sale or disposition thereof pursuant hereto or the exercise by the Agent
of rights and remedies hereunder;
	 
	 	(e)	 	the Pledgor (i) has the power and authority to pledge the Pledged Collateral
pledged by it hereunder in the manner hereby done or contemplated and (ii) will defend
its title or interest thereto or therein against any and all Liens (other than the Lien
created by the Loan Documents and Permitted Liens that are non-consensual Liens to the
extent arising by operation of law), however arising, of all Persons whomsoever;
	 
	 	(f)	 	no consent or approval of any Governmental Authority, any securities exchange
or any other Person was or is necessary to the validity of the pledge effected hereby
(other than such as have been obtained and are in full force and effect);
	 
	 	(g)	 	by virtue of the execution and delivery by the Pledgor of this Agreement, when
any Pledged Collateral is delivered to the Agent in accordance with this Agreement, the
Agent will obtain a legal, valid and perfected first-priority lien upon and security
interest in the Shares as security for the payment and performance of the Secured
Obligations; and
	 
	 	(h)	 	the pledge effected hereby is effective to vest in the Agent, for the benefit
of the Beneficiaries, the rights of the Agent in the Pledged Collateral as set forth
herein.




6. Survival of Agreement. All covenants, agreements, representations and warranties made by the
Pledgor in this Agreement and in the certificates or other instruments delivered in connection with
or pursuant to this Agreement shall be considered to have been relied upon by the Agent and shall
survive the execution and delivery of the Loan Documents and the making of any advances thereunder.



7. Realization of the Shares. Upon the occurrence and during the continuation of an Event of
Default, the Agent or its agent may realize upon or otherwise deal with or dispose of the Shares by
sale, transfer or delivery or exercise and enforce all rights and remedies of a holder of the
Shares as if the Agent were absolute owner thereof, without notice to or control by the Pledgor.
Any such remedy may be exercised separately or in combination and shall be in addition to and not
in substitution for any other rights the Agent or the Beneficiaries may have, however created,
provided that the Agent shall not be bound to exercise any such right or remedy. The Agent shall
not be bound under any circumstances to realize upon the Pledged Collateral and neither the Agent
nor its agents shall be responsible for any loss occasioned by any sale or other dealing with the
Pledged Collateral permitted by and made in accordance with applicable law, or by the retention of
or delay or failure to sell or otherwise deal with or dispose of the Shares.




 









 







For greater certainty, upon the occurrence and during the continuation of an Event of Default, the
Agent may, personally or by its agent, at such time or times as the Agent in its discretion may
determine, do any one or more of the following:





	 	(a)	 	Exercise all of the rights and remedies granted to secured parties under The
Personal Property Security Act (Manitoba) and any other applicable statute, or
otherwise available to the Agent at law or in equity.
	 
	 	(b)	 	Realize on any or all of the Pledged Collateral and sell, lease, assign, give
options to purchase, or otherwise dispose of and deliver any or all of the Pledged
Collateral (or contract to do any of the above), in one or more parcels at any public
or private sale, at any exchange, broker’s board or office of the Agent or elsewhere,
on such terms and conditions as the Agent may deem advisable and at such prices as it
may deem best, for cash or on credit or for future delivery.
	 
	 	(c)	 	Apply to a court of competent jurisdiction for the sale or foreclosure of any
or all of the Pledged Collateral.
	 
	 	(d)	 	At any public sale, and to the extent permitted by law on any private sale, bid
for and purchase any or all of the Pledged Collateral offered for sale and, upon
compliance with the terms of such sale, hold, retain and dispose of such Pledged
Collateral without any further accountability to the Pledger or any other Person with
respect to such holding, retention or disposition, except as required by law. In any
such sale to the Agent, the Agent may, for the purpose of making payment for all or any
part of the Pledged Collateral so purchased, use any claim for Secured Obligations then
due and payable to it as a credit against the purchase price in which case the amount
of such claim shall be reduced by the amount of such credit.
	 
	 	(e)	 	Transfer all or part of the Pledged Collateral into the name of the Agent or
its nominee, with or without disclosing that the Pledged Collateral is subject to the
security interests arising under this Agreement.
	 
	 	(f)	 	Vote any or all of the Pledged Collateral (whether or not transferred to the
Agent or its nominee) and give or withhold all consents, waivers and ratifications in
respect thereof and otherwise act with respect thereto as though it were the absolute
owner thereof
	 
	 	(g)	 	Exercise any and all rights of conversion, exchange, subscription or any other
rights, privileges or options pertaining to any of the Pledged Collateral as if it were
the absolute owner thereof, including the right to exchange at its discretion any and
all of the Pledged Collateral upon the amalgamation, merger, consolidation,
reorganization, recapitalization or other readjustment of any issuer or upon the
exercise by any issuer or the Agent of any right, privilege or option pertaining to any
of the Pledged Collateral, and in connection therewith, to deposit and deliver any and
all of the Pledged Collateral with any committee, depositary, transfer agent, registrar
or other




 









 






	 	 	 	designated agency upon such terms and conditions as it may determine, all
without liability except to account for property actually received by the Agent.




None of the above rights or remedies will be exclusive of or dependent on or merge in any other
right or remedy, and one or more of such rights and remedies may be exercised independently or in
combination from time to time. Without prejudice to the ability of the Agent to dispose of the
Pledged Collateral in any manner which is commercially reasonable, and subject to applicable law,
the Pledger acknowledges that a disposition of Pledged Collateral by the Agent which takes place
substantially in accordance with the following provisions will be deemed to be commercially
reasonable:





	 	(i)	 	Pledged Collateral may be disposed of in whole or
in part;
	 
	 	(ii)	 	Pledged Collateral may be disposed of by public
auction, public tender or private contract, with or without advertising
and without any other formality;
	 
	 	(iii)	 	any purchaser of Pledged Collateral may be a
customer of the Agent;
	 
	 	(iv)	 	a disposition of Pledged Collateral may be on
such terms and conditions as to credit or otherwise as the Agent, in is
sole discretion, may deem advantageous; and
	 
	 	(v)	 	the Agent may establish an upset or reserve bid
or price in respect of Pledged Collateral.




8. Sale of Securities. The Agent is authorized, in connection with any offer or sale of any
Pledged Collateral, to comply with any limitation or restriction as it may be advised by counsel is
necessary to comply with applicable law, including, without limitation, any federal, provincial or
state securities laws, including compliance with procedures that may restrict the number of
prospective bidders and purchasers, requiring that prospective bidders and purchasers have certain
qualifications, and restricting prospective bidders and purchasers to Persons who will represent
and agree that they are purchasing for their own account for investment and not with a view to the
distribution or resale of such Pledged Collateral. Subject to applicable law, the Pledgor further
agrees that compliance with any such limitation or restriction will not result in a sale being
considered or deemed not to have been made in a commercially reasonable manner, and the Agent will
not be liable or accountable to the Pledger for any discount allowed by reason of the fact that
such Pledged Collateral are sold in compliance with any such limitation or restriction.



9. Power of Attorney. The Pledgor hereby authorizes and empowers the Agent or any officer thereof
as attorney to sign any transfer or other document necessary to complete the transfer of any of the
Shares. The Agent or the Beneficiaries may grant time for payment or any other indulgence, take
and give up securities, and may compound with, grant releases and discharges and otherwise deal
with the Pledgor and with other Persons and the Shares and Certificates as the Agent or the
Beneficiaries may see fit without liability to the Pledgor for any loss thereby occasioned to the
Pledgor. So long as any amount remains unpaid in respect of the Secured Obligations, the Pledgor





 









 







hereby irrevocably appoints the Agent or any officers thereof as its attorney in the name of the
Pledgor but for the use and benefit of the
Agent, to do all such acts and take all such proceedings as the Agent may from time to time think
advisable to realize upon the Shares in accordance with the terms hereof and to enforce the rights
hereby assigned and obtain possession of and realize upon the property hereby assigned. The power
of attorney hereby granted is a power coupled with an interest and shall survive the dissolution,
liquidation, winding-up or other termination of existence of the Pledger.



10. Dealing with the Shares and the Lien hereof. The Agent shall not be obliged to exhaust its
resources against the Pledger or any other Person or Persons or against any other security it or
any Beneficiary may hold in respect of the Secured Obligations before the Agent may realize upon or
otherwise deal with the Pledged Collateral in such manner as the Agent may consider desirable. The
Agent may grant extensions or other indulgences, take and give up securities, accept compositions,
grant releases and discharges and otherwise deal with the Pledgor and with other parties, sureties
or securities as it may see fit without prejudice to the Secured Obligations or the rights of the
Agent in respect of this Agreement.



11. Costs of Realization. All costs and charges incurred by or on behalf of the Agent with
reference to the Pledged Collateral or the realization thereof (including all reasonable legal fees
and disbursements, on a solicitor and own client basis, all court costs and expenses of taking
possession of protecting and realizing upon the security constituted by the Shares and the costs
and charges in connection with realizing, collecting, selling, transferring, delivering or
obtaining payment of the Shares) shall be added to and form a part of the Secured Obligations and
shall be a first charge upon the proceeds of any such realization, collection, sale, transfer,
delivery or obtaining of payment.



12. Application of Moneys. Any proceeds of any disposition of any of the Pledged Collateral shall
be applied by the Agent on account of the Secured Obligations in accordance with the provisions of
the Credit Agreement. If such proceeds fail to satisfy the Secured Obligations, the Pledgor shall
be liable for the full amount of the deficiency resulting to the Agent and the Lenders.



13. Share Rights.





	 	(a)	 	Until such time, if ever, as this Agreement shall be discharged and the Shares
and Certificates released to the Pledger, the Agent shall be entitled to receive and
enjoy all dividends or other distributions made on or in respect of the Pledged
Collateral and to exercise all option, conversion, voting or other like rights
attaching thereto. Notwithstanding the foregoing, so long as an Event of Default has
not occurred and is not continuing, the Pledgor shall be entitled to receive and enjoy
all dividends or other distributions made on or in respect of the Pledged Collateral
provided that any noncash dividends, interest, principal or other distributions
that would constitute Pledged Collateral, whether resulting from a subdivision,
combination or reclassification of the outstanding equity interests of the issuer of
the Pledged Collateral or received in exchange for Pledged Collateral or any part
thereof, or in redemption thereof, or as a result of any amalgamation, merger,
consolidation, acquisition or other exchange of assets to which the issuer may be a
party or




 









 






	 	 	 	otherwise, shall be and become part of the Pledged Collateral, and, if
received by the Pledgor, shall not be commingled by the Pledgor with any of its other
funds or property but shall be held separate and apart therefrom, shall be held in
trust for the benefit of the Agent and shall be forthwith delivered to the Agent in the
same form as so received (with any necessary endorsement) and to vote or refrain from
voting the Pledged Collateral at any meeting, whether special or general, at which the
holder of the Pledged Collateral is entitled to vote and will be entitled to take part
in or consent to or refrain from taking part in or consenting to any corporate or
shareholder’s action which the holder of the Pledged Collateral is entitled to take
part in or consent; provided that the exercise of such right to vote or to take part in
or consent to any such corporate or shareholder’s action would not adversely affect the
rights of the Agent or any Beneficiary or result in a contravention of any covenant or
agreement of the Pledgor to the Agent hereunder or to the Agent or any Beneficiary
under the Credit Agreement or any other Loan Documents, or under any other agreement
evidencing or securing any of the Secured Obligations. If the Pledged Collateral have
been transferred to the Agent or its nominee, the Agent shall, upon request, provide to
the Pledgor a revocable proxy and direction in respect of the payment of dividends or
other distributions entitling the Pledgor to vote the Pledged Collateral and receive
such distributions subject to the foregoing conditions.
	 
	 	(b)	 	Upon the occurrence and during the continuance of an Event of Default, all
rights of the Pledgor to dividends, interest, principal or other distributions that the
Pledgor is authorized to receive pursuant to paragraph (a) of this Section 13 shall
cease, and all such rights shall thereupon become vested in the Agent, which shall have
the sole and exclusive right and authority to receive and retain such dividends,
interest, principal or other distributions. All dividends, interest, principal or other
distributions received by the Pledgor contrary to the provisions of this Section 13
shall be held in trust for the benefit of the
Agent, shall be segregated from other property or funds of the Pledgor and shall be
forthwith delivered to the Agent upon demand in the same form as so received (with
any necessary endorsement). Any and all money and other property paid over to or
received by the Agent pursuant to the provisions of this paragraph (b) shall be
retained by the Agent in an account to be established by the Agent upon receipt of
such money or other property and shall be applied to the Secured Obligations.
	 
	 	(c)	 	Upon the occurrence and during the continuance of an Event of Default, all
rights of the Pledgor to exercise the voting and consensual rights and powers it is
entitled to exercise pursuant to paragraph (a) of this Section 13, and the obligations
of the Agent under paragraph (a) of this Section 13, shall cease, and all such rights
shall thereupon become vested in the Agent, which shall have the sole and exclusive
right and authority to exercise such voting and consensual rights and powers; provided
that, unless otherwise directed by the required lenders, the Agent shall have the right
from time to time following and during the continuance of an Event of Default to permit
the Pledgor to exercise such rights.




 









 










14. Additional Securities. In the event that the Pledgor shall during the currency of the Credit
Agreement become the beneficial owner of any Shares other than the Initial Shares or other
securities convertible into shares or other securities in the capital of the Pledged Company, now
or in the future existing, the Pledgor agrees that it shall forthwith deliver, hypothecate and
pledge such shares or other securities to the Agent and such shares or other securities shall
become Pledged Collateral held by the Agent pursuant to the terms of this Agreement, the security
interest of the Agent attaching when the Pledgor has rights in such shares or other securities.



15. Payment. Upon receipt by the Agent or the Beneficiaries of all amounts outstanding under the
Loan Documents on account of principal, interest or otherwise, the Agent shall release the Shares
and the Certificates to the Pledgor.



16. No Merger, etc. This Agreement shall not operate by way of merger of any of the Secured
Obligations and no judgment recovered by the Agent shall operate by way of merger of or in any way
affect the security of the Shares and the Certificates.



17. Supplemental Security. This Agreement and the Shares and the Certificates are in addition,
without prejudice, and supplemental to and not in substitution for any other security held or which
may hereafter be held by the Agent or any Beneficiary.



18. Further Assurances. The Pledgor shall from time to time, whether before or after the Agent
makes a demand for payment of the Secured Obligations, do all such acts and things and execute and
deliver all such deeds, transfers, assignments and instruments as the Agent may require for
perfecting the security constituted hereby or by the Shares, for facilitating the sale of or
exercise by the Agent of rights under the Pledged Collateral in connection with any realization
thereof after the occurrence and during the continuance of an Event of Default and for exercising
all powers, authorities and discretions hereby conferred upon the Agent.



19. Headings, etc. The division of this Agreement into sections and the insertion of headings are
for convenience of reference only and shall not affect the interpretation hereof.



20. Governing Law. This Agreement shall be governed by and construed in accordance with the laws of
the Province of Manitoba and the laws of Canada applicable therein and shall be treated in all
respects as a Manitoba contract.



21. Successors, etc. This Agreement shall enure to the benefit of the Agent and its successors and
assigns and shall be binding upon the Pledgor and its successors and permitted assigns. All rights
of the Agent hereunder shall be assignable in accordance with the terms of the Credit Agreement and
other Loan Documents.



22. Severability. The invalidity or unenforceability of any provision of this Agreement shall not
affect the validity or enforceability of any other provision hereof and any such invalid or
unenforceable provision shall be deemed to be severable from the other provisions hereof.






 









 







23. Notices. Any notices permitted or required hereunder shall be made in accordance with the
provisions of the Credit Agreement and if so made shall be effective in the manner specified
therein.



24. Incorporation of Schedules. Schedule A hereto shall, for all purposes hereof, form an integral
part of this Agreement.



25. Conflict. In the event of a conflict or inconsistency between the provisions of this Agreement
and the provisions of the Credit Agreement, the provisions of the Credit Agreement shall prevail.



26. Acknowledgement of Receipt/Waiver. The Pledgor acknowledges receipt of an executed copy of this
Agreement. The Pledger waives, to the extent permitted by law, the right to receive a copy of any
financing statement, financing change statement or verification statement registered with or issued
by any personal property registry or other governmental body or agency thereof in connection with
this Agreement.



27. The Agent. The powers conferred on the Agent hereunder are solely to protect its interest in
the Pledged Collateral and shall not impose any duty upon the Agent to exercise any such powers.
Except for the safe custody of any Pledged Collateral in its actual possession and the accounting
for moneys actually received by the Agent pursuant hereto, the Agent shall have no duty with
respect to the Pledged Collateral or as to the taking of any necessary steps to preserve rights
against prior parties or any other rights pertaining to any of the Pledged Collateral. Each
reference herein to any right granted to, benefit conferred upon, or power exercisable, exercised,
or action taken by, the Agent shall be deemed to be a reference to the right granted to, benefit
conferred upon, and power exercisable, exercised, and action taken by, the Agent in its capacity as
Agent for the benefit of the Beneficiaries, all as more fully set forth in the Credit Agreement.



28. No Amendment. This Agreement may not he amended, altered or qualified except by a written
agreement executed by the parties hereto.




     IN WITNESS WHEREOF the Pledgor has duly executed this; Agreement under the hands of its proper
officers duly authorized for the purpose thereof as of the date first above written.



	 	 	 	 	 
	 	REALPAGE INC.

 	 
	 	By:  	/s/ Timothy J. Barker
 	 
	 	 	Authorized Signatory 

V.P.	 
	 	 	 	 



 









 






	 	 	 	 	 



SCHEDULE A




	 	 	 	 	 	 	 	 	 
	Pledged Company	 	Description	 	Certificate No.	 	Number of Shares
	43642 Yukon Inc.

	 	Common Shares
	 	C-1
	 	 	1,000