EXHIBIT 10.3
 SECOND AMENDED AND RESTATED
CREDIT AGREEMENT
 among
 DOLAN MEDIA COMPANY,
DOLAN FINANCE COMPANY,
DOLAN PUBLISHING COMPANY,
DOLAN PUBLISHING FINANCE COMPANY,
CLEO COMPANY,
LONG ISLAND BUSINESS NEWS, INC.,
DAILY JOURNAL OF COMMERCE, INC.,
LAWYERS WEEKLY, INC.,
LEGAL LEDGER, INC.,
THE JOURNAL RECORD PUBLISHING CO.,
DAILY REPORTER PUBLISHING COMPANY,
NEW ORLEANS PUBLISHING GROUP, INC.,
NOPG, L.L.C.,
WISCONSIN PUBLISHING COMPANY,
LEGAL COM OF DELAWARE, INC.,
MISSOURI LAWYERS MEDIA, INC.,
THE DAILY RECORD COMPANY,
IDAHO BUSINESS REVIEW, INC.,
FINANCE AND COMMERCE, INC.,
COUNSEL PRESS, LLC,
ARIZONA NEWS SERVICE, LLC,
DOLAN DLN, LLC,
DOLAN APC LLC, and
AMERICAN PROCESSING COMPANY, LLC,
as Borrowers,
 THE BANKS FROM TIME TO TIME PARTY HERETO,
 LASALLE BANK NATIONAL ASSOCIATION,
one of the Banks, as Syndication Agent,
 ASSOCIATED BANK NATIONAL ASSOCIATION and BANK OF THE WEST,
each one of the Banks, as Co-Documentation Agents,
 and
 U.S. BANK NATIONAL ASSOCIATION,
one of the Banks, LC Bank and Lead Arranger, as agent for the Banks
 Dated as of August 8, 2007




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TABLE OF CONTENTS
 ARTICLE I DEFINITIONS AND ACCOUNTING TERMS
    
    
    1Section 1.1 Defined Terms
    
    
    1Section 1.2 Accounting Terms and Calculations
    
    
    22Section 1.3 Computation of Time Periods
    
    
    23Section 1.4 Other Definitional Terms
    
    
    23ARTICLE II TERMS OF THE CREDIT FACILITIES
    
    
    23Section 2.1 Lending Commitments
    
    
    23Section 2.2 Procedure for Loans
    
    
    24Section 2.3 Notes
    
    
    25Section 2.4 Conversions and Continuations
    
    
    25Section 2.5 Interest Rates, Interest Payments and Default Interest
    
    
    26Section 2.6 Repayment and Mandatory Prepayment
    
    
    27Section 2.7 Optional Prepayments
    
    
    29Section 2.8 Letters of Credit
    
    
    29Section 2.9 Procedures for Letters of Credit
    
    
    29Section 2.10 Terms of Letters of Credit
    
    
    30Section 2.11 Agreement to Repay Letter of Credit Drawings
    
    
    30Section 2.12 Obligations Absolute
    
    
    30Section 2.13 Revolving Commitment Reduction; Incremental Term Loan Commitment
    
    
    31Section 2.14 Loans to Cover Unpaid Drawings
    
    
    33Section 2.15 Agents and Closing Fees
    
    
    34Section 2.16 Revolving Commitment Fee
    
    
    34Section 2.17 Letter of Credit Fees
    
    
    34Section 2.18 [Intentionally Omitted.]
    
    
    35Section 2.19 Computation
    
    
    35Section 2.20 Payments
    
    
    35Section 2.21 Use of Loan Proceeds
    
    
    35Section 2.22 Interest Rate Not Ascertainable, Etc.
    
    
    35Section 2.23 Increased Cost
    
    
    36Section 2.24 Illegality
    
    
    37Section 2.25 Capital Adequacy
    
    
    37Section 2.26 Funding Losses; LIBOR Advances
    
    
    37Section 2.27 Discretion of Bank as to Manner of Funding
    
    
    38Section 2.28 Taxes
    
    
    38Section 2.29 Replacement of Bank in Respect of Increased Costs
    
    
    41ARTICLE III CONDITIONS PRECEDENT
    
    
    41Section 3.1 Conditions of Initial Transaction
    
    
    41Section 3.2 Conditions Precedent to all Loans and Letters of Credit
    
    
    43
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ARTICLE IV REPRESENTATIONS AND WARRANTIES
    
    
    44Section 4.1 Organization, Standing, Etc.
    
    
    44Section 4.2 Authorization and Validity
    
    
    44Section 4.3 No Conflict; No Default
    
    
    44Section 4.4 Government Consent
    
    
    45Section 4.5 Financial Statements and Condition
    
    
    45Section 4.6 Litigation
    
    
    45Section 4.7 Environmental, Health and Safety Laws
    
    
    45Section 4.8 ERISA
    
    
    46Section 4.9 Federal Reserve Regulations
    
    
    46Section 4.10 Title to Property; Leases; Liens; Subordination
    
    
    46Section 4.11 Taxes
    
    
    46Section 4.12 Trademarks, Patents
    
    
    46Section 4.13 Force Majeure
    
    
    47Section 4.14 Investment Company Act
    
    
    47Section 4.15 [Intentionally Omitted.]
    
    
    47Section 4.16 Retirement Benefits
    
    
    47Section 4.17 Full Disclosure
    
    
    47Section 4.18 Subsidiaries
    
    
    47Section 4.19 Labor Matters
    
    
    47Section 4.20 Solvency
    
    
    47Section 4.21 Anti-Terrorism Law Compliance
    
    
    48ARTICLE V AFFIRMATIVE COVENANTS
    
    
    48Section 5.1 Financial Statements and Reports
    
    
    48Section 5.2 Existence
    
    
    50Section 5.3 Insurance
    
    
    51Section 5.4 Payment of Taxes and Claims
    
    
    51Section 5.5 Inspection
    
    
    51Section 5.6 Maintenance of Properties
    
    
    51Section 5.7 Books and Records
    
    
    51Section 5.8 Compliance
    
    
    51Section 5.9 ERISA
    
    
    52Section 5.10 Environmental Matters; Reporting
    
    
    52Section 5.11 Further Assurances
    
    
    52ARTICLE VI NEGATIVE COVENANTS
    
    
    53Section 6.1 Merger
    
    
    53Section 6.2 Disposition of Assets
    
    
    53Section 6.3 Plans
    
    
    54Section 6.4 Change in Nature of Business
    
    
    54Section 6.5 Acquisitions; Subsidiaries, Partnerships and Joint Ventures and Ownership
    
    
    54Section 6.6 Negative Pledges
    
    
    55
 - ii -




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Section 6.7 Restricted Payments
    
    
    55Section 6.8 Transactions with Affiliates
    
    
    55Section 6.9 Accounting Changes
    
    
    56Section 6.10 [Intentionally Omitted
    
    
    56Section 6.11 [Intentionally Omitted
    
    
    56Section 6.12 Investments
    
    
    56Section 6.13 Indebtedness
    
    
    57Section 6.14 Liens
    
    
    58Section 6.15 Contingent Liabilities
    
    
    59Section 6.16 [Intentionally Omitted]
    
    
    59Section 6.17 Fixed Charge Coverage Ratio
    
    
    59Section 6.18 Senior Leverage Ratio
    
    
    59Section 6.19 Loan Proceeds
    
    
    59Section 6.20 Sale and Leaseback Transactions
    
    
    60Section 6.21 Hedging Agreements
    
    
    60ARTICLE VII EVENTS OF DEFAULT AND REMEDIES
    
    
    60Section 7.1 Events of Default
    
    
    60Section 7.2 Remedies
    
    
    62Section 7.3 Offset
    
    
    62ARTICLE VIII THE AGENT
    
    
    62Section 8.1 Appointment and Authorization
    
    
    63Section 8.2 Note Holders
    
    
    63Section 8.3 Consultation With Counsel
    
    
    63Section 8.4 Loan Documents
    
    
    63Section 8.5 USBNA and Affiliates
    
    
    63Section 8.6 Action by Agent
    
    
    63Section 8.7 Credit Analysis
    
    
    63Section 8.8 Notices of Event of Default, Etc.
    
    
    64Section 8.9 Indemnification
    
    
    64Section 8.10 Payments and Collections
    
    
    64Section 8.11 Sharing of Payments
    
    
    65Section 8.12 Advice to Banks
    
    
    65Section 8.13 Defaulting Bank
    
    
    65Section 8.14 Resignation
    
    
    66ARTICLE IX MISCELLANEOUS
    
    
    66Section 9.1 Modifications
    
    
    66Section 9.2 Expenses
    
    
    68Section 9.3 Waivers, etc.
    
    
    68Section 9.4 Notices
    
    
    68Section 9.5 Successors and Assigns; Participations; Purchasing Banks
    
    
    68Section 9.6 Confidentiality of Information
    
    
    70
 - iii -




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Section 9.7 Governing Law and Construction
    
    
    71Section 9.8 Consent to Jurisdiction
    
    
    71Section 9.9 Waiver of Jury Trial
    
    
    72Section 9.10 Survival of Agreement
    
    
    72Section 9.11 Indemnification
    
    
    72Section 9.12 Captions
    
    
    73Section 9.13 Entire Agreement
    
    
    73Section 9.14 Counterparts
    
    
    73Section 9.15 Borrower Acknowledgements
    
    
    73Section 9.16 Appointment of and Acceptance by Borrowers Agent
    
    
    73Section 9.17 Automatic Debit of Fees
    
    
    74Section 9.18 Relationship Among Borrowers
    
    
    74Section 9.19 Interest Rate Limitation
    
    
    77Section 9.20 Effect of Existing Credit Agreement and Existing Security Documents
    
    
    77
 - iv -




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SchedulesSchedule 1.1
    
    Subordinated DebtSchedule 4.6
    
    LitigationSchedule 4.7
    
    Environmental MattersSchedule 4.16
    
    Retirement BenefitsSchedule 4.18
    
    SubsidiariesSchedule 6.8
    
    Affiliate TransactionsSchedule 6.12
    
    Existing InvestmentsSchedule 6.13
    
    Existing IndebtednessSchedule 6.14
    
    Existing LiensSchedule 6.15
    
    Contingent Obligations
 ExhibitsExhibit A
    
    Form of Revolving NoteExhibit B
    
    Form of Term NoteExhibit C
    
    Form of Assignment AgreementExhibit D
    
    Form of Compliance CertificateExhibit E
    
    Form of Collateral Assignment (Trademarks)Exhibit F
    
    Form of Pledge AgreementExhibit G
    
    Form of Security Agreement
 - i -




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SECOND AMENDED AND RESTATED CREDIT AGREEMENT
 Borrower Borrowers Bank Banks Agent
 ARTICLE I
DEFINITIONS AND ACCOUNTING TERMS
 Defined Terms
 Acquisition
 Acquisition Services Agreements
 Adjusted EBITDA




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Adjusted LIBO Rate
 Advance
 Affected Bank
 Affiliate
 Affirmation of Security Documents
 Agent
 Aggregate Converted Amounts
 Aggregate Incremental Term Loan Commitment Amount less
 Aggregate Revolving Commitment Amounts less
 - 2 -




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APC
 APC Acquisition
 APC LLC Agreement
 APC Ownership Percentage
 APC Side Letter
 Applicable Lending Office
 Applicable Margin
 LIBO
    
    PrimeRate
    
    RateSenior Leverage Ratio
    
    Advances
    
    AdvancesLess than 2.00:1.00
    
    1.50%
    
    0.00%Equal to or greater than 2.00:1.00 but less than
2.75:1.00
    
    1.75%
    
    0.00%Equal to or greater than 2.75:1.00 but less than
3.50:1.00
    
    2.00%
    
    0.00%Equal to or greater than 3.50:1.00
    
    2.50%
    
    0.50%
 - 3 -




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provided however
 Availability less
 Bank
 Board
 Borrowers
 Borrowers Agent
 Borrower Loan Documents
 BSA
 Business Day
 Capital Expenditures
 Capital Expenditure Financing provided
 Capitalized Lease
 - 4 -




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Capitalized Lease Obligations
 Change of Contro Initial Directors
 Charges
 Closing Date
 Code
 Collateral Assignment (Trademarks) Exhibit E
 Collateral Assignments of Undertakings
 Commitments
 - 5 -




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Consent Agreement
 Contingent Obligation primary obligor provided
 Conversion Date
 Converted Amount
 Current Liabilities
 Default
 Defaulting Bank
 - 6 -




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Dolan Finance
 Dolan Media
 Dolan Media Registration Statement
 Eligible Assignee
 Equity Interests
 ERISA
 ERISA Affiliate
 Event of Default
 Excluded Equity Issuance
 Existing Collateral Assignments (Trademarks)
 Existing Credit Agreement
 - 7 -




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Existing Pledge Agreements
 Existing Security Agreements
 Existing Security Documents
 F&H
 F&H Acquisition Annex A
 F&H Guaranty
 F&H Loan plus
 F&H Note
 F&H Note Loans plus
 Federal Funds Rate
 - 8 -




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Fee Letter
 Fixed Charge Coverage Ratio
 minus minus minus
  plus plus plus
  GAAP
 Holding Account
 Immediately Available Funds
 Increase Effective Date
 Increase Joinder
 Incremental Term Loan
 - 9 -




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Incremental Term Loan Amortization Schedule provided however
 Payment as % ofQuarter Following Conversion Date
    
    Converted Amount1
    
    1.250%2
    
    1.250%3
    
    1.250%4
    
    1.250%5
    
    1.750%6
    
    1.750%7
    
    1.750%8
    
    1.750%9
    
    2.250%10
    
    2.250%11
    
    2.250%12
    
    2.250%13
    
    3.000%14
    
    3.000%15
    
    3.000%16
    
    3.000%17
    
    4.250%18
    
    4.250%19
    
    4.250%20
    
    4.250%21
    
    5.500%22
    
    5.500%23
    
    5.500%24
    
    5.500%25
    
    7.000%26
    
    7.000%27
    
    7.000%28
    
    7.000%Term Loan Termination Date
    
    Remaining Balance
 Incremental Term Loan Commitment
 - 10 -




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Indebtedness provided however
 Indemnitee
 Interest Period provided that
    - 11 -




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provided however
 Investment
 LC Bank
 Letter of Credit
 Letter of Credit Fee
 LIBO Rate provided
 - 12 -




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LIBOR Advance
 LIBOR Business Day
 LIBOR Reserve Percentage
 Lien
 Loan
 Loan Documents
 Majority Banks provided however
 Material Adverse Occurrence
 - 13 -




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Material Borrower
 Maximum Rate
 MBJ Acquisition
 Multiemployer Plan
 Net Capital Expenditures
 Net Interest Expense less
 Non-U.S. Bank
 Note
 - 14 -




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Obligations
 OFAC
 Other Taxes
 Participants
 PBGC
 Permitted Acquisitions less
 - 15 -




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Permitted IPO
 Person
 Plan
 Pledge Agreements Exhibit F
 Preferred Stock
 Prime Rate plus
 - 16 -




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Prime Rate Advance
 Pro Forma EBITDA plus provided
 Prohibited Transaction
 Rate Protection Agreement
 Rate Protection Obligations
 Rate Protection Provider
 Regulatory Change
 - 17 -




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Replacement Bank
 Reportable Event provided
 Reporter Acquisitions
 Restricted Payments
 Revolving Commitment
 Revolving Commitment Amount
 Revolving Commitment Fees
 Revolving Loan
 Revolving Loan Date
 Revolving Loan Termination Date
 - 18 -




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Revolving Notes Exhibit A Revolving Note
 Revolving Percentage
 Security Agreements Exhibit G
 Security Documents
 Seller Indebtedness
 Senior Leverage Ratio
 plus plus minus minus
   Series A Preferred Stock
 - 19 -




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Series B Preferred Stock
 Series C Preferred Stock
 Subordinated Debt Schedule 1.1
 Subsidiary
 Sunwell Acquisition Annex A
 Term Loan
 Term Loan Amortization Schedule
 Payment Date
    
    Scheduled Payment ($)September 30, 2007
    
    
    625,000December 31, 2007
    
    
    625,000March 31, 2008
    
    
    625,000June 30, 2008
    
    
    625,000September 30, 2008
    
    
    875,000December 31, 2008
    
    
    875,000March 31, 2009
    
    
    875,000June 30, 2009
    
    
    875,000September 30, 2009
    
    
    1,125,000December 31, 2009
    
    
    1,125,000March 31, 2010
    
    
    1,125,000June 30, 2010
    
    
    1,125,000September 30, 2010
    
    
    1,500,000December 31, 2010
    
    
    1,500,000March 31, 2011
    
    
    1,500,000
 - 20 -




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Payment Date
    
    Scheduled Payment ($)June 30, 2011
    
    
    1,500,000September 30, 2011
    
    
    2,125,000December 31, 2011
    
    
    2,125,000March 31, 2012
    
    
    2,125,000June 30, 2012
    
    
    2,125,000September 30, 2012
    
    
    2,750,000December 31, 2012
    
    
    2,750,000March 31, 2013
    
    
    2,750,000June 30, 2013
    
    
    2,750,000September 30, 2013
    
    
    3,500,000December 31, 2013
    
    
    3,500,000March 31, 2014
    
    
    3,500,000June 30, 2014
    
    
    3,500,000Term Loan Termination Date
    
    Remaining Balance
 Term Loan Commitment
 Term Loan Commitment Amount Schedule 1.1(A)
 Term Loan Percentage
 Term Loan Termination Date
 Term Note Exhibit
B Term Note
 THB Acquisition
 Total Liabilities
 - 21 -




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Total Percentage
 Total Revolving Outstandings
 Tremain Acquisition Annex A
 Tremain Loan plus
 Trigger Date
 Unpaid Drawing
 Unused Revolving Commitment
 U.S. Taxes
 USBNA
 Watchman Acquisition
 Accounting Terms and Calculations
 - 22 -




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Computation of Time Periods
 Other Definitional Terms
 ARTICLE II
TERMS OF THE CREDIT FACILITIES
 Part A   Terms of Lending
 Lending Commitments
 Revolving Credit Revolving Loan Revolving Loans
 Term Loans Term Loan Term Loans provided however
 - 23 -




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Procedure for Loans
 Procedure for Revolving Loans provided however provided however
 - 24 -




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Procedure for Term Loans
 Notes
 Conversions and Continuations
 - 25 -




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Interest Rates, Interest Payments and Default Interest
 The Revolving Loans
 plus
 plus
 plus
 - 26 -




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provided however
 The Term Loans
 plus
 plus
 plus
 provided however
 Repayment and Mandatory Prepayment
 The Revolving Loans
 - 27 -




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Mandatory Payments of Term Loans
 Proceeds of Equity provided however
 Proceeds of Asset Sales provided however provided however
 - 28 -




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Optional Prepayments
 Part B  Terms of the Letter of Credit Facility
 Letters of Credit
 Procedures for Letters of Credit
  - 29 -




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Terms of Letters of Credit
 Agreement to Repay Letter of Credit Drawings Unpaid Drawing
 Obligations Absolute
 - 30 -




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Part C    General
 Revolving Commitment Reduction; Incremental Term Loan Commitment
 Revolving Commitment Reduction provided however
 - 31 -




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Incremental Term Loan Commitment
 Incremental Term Loans Incremental Term Loan
 Procedure Trigger Date provided however
 - 32 -




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provided however
 Effect; Repayment
 Affirmation
 Loans to Cover Unpaid Drawings
 - 33 -




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Agents and Closing Fees Fee Letter
 Revolving Commitment Fee Revolving Commitment Fees
 Commitment FeeSenior Leverage Ratio
    
    PercentageLess than 2.75:1.00
    
    0.250%Equal to or greater than 2.75:1.00 but less than 3.50:1.00
    
    0.375%Equal to or greater than 3.50:1.00
    
    0.500%
 provided however
 Letter of Credit Fees Letter of Credit Fee
 - 34 -




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Intentionally Omitted
 Computation
 Payments
 Use of Loan Proceeds
 Interest Rate Not Ascertainable, Etc
   - 35 -




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Increased Cost
    - 36 -




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Illegality
 Capital Adequacy
 Funding Losses; LIBOR Advances
 - 37 -




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Discretion of Bank as to Manner of Funding
 Taxes
 excluding Taxes
 Other Taxes
  United States United States
person
 - 38 -




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U.S. Taxes
 Non-U.S. Bank
    - 39 -




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- 40 -




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Replacement of Bank in Respect of Increased Costs Affected Bank Replacement
Bank
 ARTICLE III
CONDITIONS PRECEDENT
 Conditions of Initial Transaction
 Documents
       - 41 -




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Opinion
 - 42 -




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Compliance
 Security Documents
 Other Matters
 Fees and Expenses
 Conditions Precedent to all Loans and Letters of Credit
 Representations and Warranties
 No Default
 Solvency
 - 43 -




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Notices and Requests
 ARTICLE IV
REPRESENTATIONS AND WARRANTIES
  Organization, Standing, Etc
 Authorization and Validity
 No Conflict; No Default
 - 44 -




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Government Consent
 Financial Statements and Condition
 Litigation
 Environmental, Health and Safety Laws
 - 45 -




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ERISA
 Federal Reserve Regulations
 Title to Property; Leases; Liens; Subordination
 Taxes
 Trademarks, Patents
 - 46 -




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Force Majeure
 Investment Company Act
 Intentionally Omitted
 Retirement Benefits
 Full Disclosure
 Subsidiaries
 Labor Matters
 Solvency
 - 47 -




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Anti-Terrorism Law Compliance
 ARTICLE V
AFFIRMATIVE COVENANTS
  Financial Statements and Reports
 provided however
 - 48 -




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provided however
 Exhibit D
  - 49 -




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Existence
 - 50 -




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Insurance
 Payment of Taxes and Claims
 Inspection
 Maintenance of Properties
 Books and Records
 Compliance
 - 51 -




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OFAC BSA
 ERISA
 Environmental Matters; Reporting
 Further Assurances
 - 52 -




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ARTICLE VI
NEGATIVE COVENANTS
  Merger
 Disposition of Assets
     - 53 -




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Plans
 Change in Nature of Business
 Acquisitions; Subsidiaries, Partnerships and Joint Ventures and Ownership
 - 54 -




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Negative Pledges
 Restricted Payments
 Transactions with Affiliates
 - 55 -




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Accounting Changes
 [Intentionally Omitted.]
 [Intentionally Omitted.]
 Investments
      provided
     - 56 -




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Indebtedness
         - 57 -




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Liens
       provided that
 - 58 -




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provided that
  Contingent Liabilities
 Intentionally Omitted
 Fixed Charge Coverage Ratio
 Senior Leverage Ratio
 Loan Proceeds
 - 59 -




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Sale and Leaseback Transactions
 Hedging Agreements
 ARTICLE VII
EVENTS OF DEFAULT AND REMEDIES
 Events of Default
       - 60 -




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- 61 -




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Remedies
 Offset
 ARTICLE VIII
THE AGENT
  - 62 -




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Appointment and Authorization
 Note Holders
 Consultation With Counsel
 Loan Documents
 USBNA and Affiliates
 Action by Agent
 Credit Analysis
 - 63 -




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Notices of Event of Default, Etc
 Indemnification
 Payments and Collections
 - 64 -




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Sharing of Payments
 Advice to Banks
 Defaulting Bank
 Remedies Against a Defaulting Bank
 - 65 -




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Purchase from Defaulting Bank
 Resignation
 ARTICLE IX
MISCELLANEOUS
 Modifications
 - 66 -




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- 67 -




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Expenses
 Waivers, etc
 Notices
 Successors and Assigns; Participations; Purchasing Banks
  Participants
 - 68 -




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provided provided however provided provided
 Exhibit C Assignment Agreement provided however
 - 69 -




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provided
 provided however
 Confidentiality of Information
 - 70 -




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Governing Law and Construction
 Consent to Jurisdiction
 - 71 -




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Waiver of Jury Trial
 Survival of Agreement
 Indemnification Indemnitee Indemnitees
   - 72 -




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provided however
  Captions
 Entire Agreement
 Counterparts
 Borrower Acknowledgements
 Appointment of and Acceptance by Borrowers Agent
 - 73 -




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Automatic Debit of Fees
 Relationship Among Borrowers
 JOINT AND SEVERAL LIABILITY
 Waivers of Defenses
 Other Transactions
 - 74 -




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Actions Not Required
 No Subrogation
 Application of Payments
 Recovery of Payment
 - 75 -




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Borrowers Financial Condition
 Bankruptcy of the Borrowers
 Limitation; Insolvency Laws Applicable Insolvency Laws
 - 76 -




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Interest Rate Limitation Charges Maximum Rate
 Effect of Existing Credit Agreement and Existing Security Documents
 Existing Credit Agreement
 Existing Security Documents
  - 77 -




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IN WITNESS WHEREOF
 DOLAN MEDIA COMPANY,
as a Borrower and as Borrowers AgentBy:
    
    /s/ SCOTT J. POLLEI

Scott PolleiExecutive Vice President and ChiefFinancial Officer
 DOLAN FINANCE COMPANYDOLAN PUBLISHING COMPANYDOLAN PUBLISHING FINANCE COMPANYCLEO COMPANYLONG ISLAND BUSINESS NEWS, INC.DAILY JOURNAL OF COMMERCE, INC.LAWYERS WEEKLY, INC.LEGAL LEDGER, INC.THE JOURNAL RECORD PUBLISHING CO.DAILY REPORTER PUBLISHING COMPANYNEW ORLEANS PUBLISHING GROUP, INC.NOPG, L.L.C.WISCONSIN PUBLISHING COMPANYLEGAL COM OF DELAWARE, INC.MISSOURI LAWYERS MEDIA, INC.THE DAILY RECORD COMPANYIDAHO BUSINESS REVIEW, INC.FINANCE AND COMMERCE, INC.COUNSEL PRESS, LLCARIZONA NEWS SERVICE, LLCDOLAN DLN, LLCDOLAN APC LLCAMERICAN PROCESSING COMPANY, LLC
 By:
    
    /s/ SCOTT J. POLLEI

Scott PolleiVice President
 
 
 S-1




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U.S. BANK NATIONAL ASSOCIATION,
as Agent and as a BankBy:
    
    /s/ MICHAEL J. STALOCH

Michael J. Staloch,
Senior Vice President
 
 S-2




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LASALLE BANK NATIONALASSOCIATIONBy:
    
    /s/ BRADLEY R. SPRANGName:
    
    Bradley R. SprangTitle:
    
    First Vice President
 
 S-3




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ASSOCIATED BANK NATIONALASSOCIATIONBy:
    
    /s/ NICHOLAS G. MYERSName:
    

Nicholas
G. MyersTitle:
    

Vice
President  Corporate Banking
 
 S-4




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BANK OF THE WESTBy:
    
    /s/ ANDREW GASPARDName:
    
    Andrew GaspardTitle:
    

Vice
President
 
 S-5




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COOPERATIEVE CENTRALE RAIFFEISEN-
BOERENLEENBANK B.A., RABOBANK
NEDERLAND, NEW YORK BRANCHBy:
    
    /s/ LAURIE BLAZEKName:
    
    Laurie BlazekTitle:
    

Executive
DirectorBy:
    
    /s/ ANDREW SHERMANName:
    
    Andrew ShermanTitle:
    

Executive
Director
 
 S-6




---



##### 



KEYBANK N.A.By:
    
    /s/ DAVID A. WILDName:
    
    David A. WildTitle:
    
    Vice
President
 
 S-7




---



##### 



COMERICA BANKBy:
    
    /S/ KENT K. TAKACSName:
    
    Kent K. TakacsTitle:
    

Vice
President
 
 S-8




---



##### 



$_____
    
    [___], 2007Minneapolis, Minnesota
 Bank
 Credit Agreement




---



##### 



DOLAN MEDIA COMPANYBy:Name:Title:DOLAN FINANCE COMPANY
DOLAN PUBLISHING COMPANY
DOLAN PUBLISHING FINANCE COMPANY
CLEO COMPANY
LONG ISLAND BUSINESS NEWS, INC.
DAILY JOURNAL OF COMMERCE, INC.
LAWYERS WEEKLY, INC.
LEGAL LEDGER, INC.
THE JOURNAL RECORD PUBLISHING CO.
DAILY REPORTER PUBLISHING COMPANY
NEW ORLEANS PUBLISHING GROUP, INC.
NOPG, L.L.C.
WISCONSIN PUBLISHING COMPANY
LEGAL COM OF DELAWARE, INC.
MISSOURI LAWYERS MEDIA, INC.
THE DAILY RECORD COMPANY
IDAHO BUSINESS REVIEW, INC.
FINANCE AND COMMERCE, INC.
COUNSEL PRESS, LLC
ARIZONA NEWS SERVICE, LLC
DOLAN DLN, LLC
DOLAN APC LLC
AMERICAN PROCESSING COMPANY, LLCBy:Name:Title:
  A-2




---



##### 



$_____
    
    [___], 2007Minneapolis, Minnesota
 Bank
  Credit Agreement
  B-1




---



##### 



DOLAN MEDIA COMPANYBy:Name:Title:DOLAN FINANCE COMPANY
DOLAN PUBLISHING COMPANY
DOLAN PUBLISHING FINANCE COMPANY
CLEO COMPANY
LONG ISLAND BUSINESS NEWS, INC.
DAILY JOURNAL OF COMMERCE, INC.
LAWYERS WEEKLY, INC.
LEGAL LEDGER, INC.
THE JOURNAL RECORD PUBLISHING CO.
DAILY REPORTER PUBLISHING COMPANY
NEW ORLEANS PUBLISHING GROUP, INC.
NOPG, L.L.C.
WISCONSIN PUBLISHING COMPANY
LEGAL COM OF DELAWARE, INC.
MISSOURI LAWYERS MEDIA, INC.
THE DAILY RECORD COMPANY
IDAHO BUSINESS REVIEW, INC.
FINANCE AND COMMERCE, INC.
COUNSEL PRESS, LLC
ARIZONA NEWS SERVICE, LLC
DOLAN DLN, LLC
DOLAN APC LLC
AMERICAN PROCESSING COMPANY, LLCBy:Name:Title:
  B-2




---



##### 



Transferor Bank Purchasing Bank Borrower Borrowers Agent
 W I T N E S S E T H
 Credit Agreement
    C-1




---



##### 



Effective
Date   Assignment Amounts Assigned Interest
 Purchase Price
     C-2




---



##### 



C-3




---



##### 



,
Transferor BankBy:Name:Title:, 
as Purchasing BankBy:Name:Title:U.S. BANK NATIONAL ASSOCIATION,
as AgentBy:Name:Title:
  C-4




---



##### 



[Consented and] Acknowledged:DOLAN MEDIA COMPANY,
as Borrowers AgentBy:Name:Title:
  C-5




---



##### 



Borrowers
Agent
 Credit Agreement
  
 
 
  
 DOLAN MEDIA COMPANY,
as Borrowers AgentBy:Name:Title:
  C-6




---



##### 



Fixed Charge Coverage Ratio (Minimum 1.20 to 1.00)
    
    _______ to 1.00(Section )Senior Leverage Ratio (Maximum 4.50 to 1.00)
    
    _______ to 1.00(Section 6.18)
   C-7




---



##### 



)
  RECITALS




---



##### 



Exhibit A Exhibit B Exhibit B Exhibit C Exhibit C
  Exhibit A
      E-2




---



##### 



Exhibit A
 Exhibit A
   Exhibit A
 Exhibit D
  E-3




---



##### 



Exhibit A Exhibit
A Exhibit A Exhibit A Exhibit A Exhibit
A
      E-4




---



##### 



14. THIS ASSIGNMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES HEREUNDER SHALL BE CONSTRUED
IN ACCORDANCE WITH AND GOVERNED BY THE LAWS (WITHOUT GIVING EFFECT TO THE CONFLICTS OF LAW
PRINCIPLES THEREOF) OF (I) ANY STATE AS TO RIGHTS AND INTERESTS HEREUNDER WHICH ARISE UNDER THE
LAWS OF SUCH STATE, (II) THE UNITED STATES OF AMERICA AS TO RIGHTS AND INTERESTS HEREUNDER WHICH
ARE REGISTERED OR FOR THE REGISTRATION OF WHICH APPLICATION IS PENDING WITH THE UNITED STATES
PATENT AND TRADEMARK OFFICE, (III) THE STATE OF MINNESOTA IN ALL OTHER RESPECTS.
   E-5




---



##### 



ASSIGNOR:
DOLAN MEDIA COMPANYBy:Its: Executive Vice President and Chief Financial Officer
 
 
   E-S-1




---



##### 



EXHIBIT A TO
COLLATERAL ASSIGNMENT
(TRADEMARKS)
 TRADEMARKS
 MARK (LOGO)
    
    OWNER
    
    
    REG. NO.
    
    
    REG. DATE
    
    
    SERIAL NO.
    
    
    FILING DATE
    
    
    GOODS/SERVICES
    
    
    STATUS
 Domain names
 Domain Name
    
    Owner
  E-A-1




---



##### 



EXHIBIT B TO
COLLATERAL ASSIGNMENT
(TRADEMARKS)
         E-B-1




---



##### 



(Assignor)Date:
    
    
    
    
    
    By:Title:(Assignee)Date:
    
    
    
    
    
    By:Title:
  E-B-2




---



##### 



EXHIBIT C TO
COLLATERAL ASSIGNMENT
(TRADEMARKS)
         E-C-1




---



##### 



(Assignor)Date:
    
    
    
    
    
    By:Title:(Assignee)Date:
    
    
    
    
    
    By:Title:
  E-C-2




---



##### 



EXHIBIT D TO
COLLATERAL ASSIGNMENT
(TRADEMARKS)
   E-D-1




---



##### 



Schedule I
    Defined Terms
  Collateral




---



##### 



Default
 Event of Default
 Lien
 Obligations
 Person
 Pledged Shares
 Security Interest
 Terms Defined in Uniform Commercial Code
 Singular/Plural, Etc
  F-2




---



##### 



Pledge
    Delivery of Collateral
 Certain Warranties and Covenants
     F-3




---



##### 



Schedule I
 Further Assurances
 Voting Rights; Dividends; Etc
  provided however
 (i)
    
    dividends paid or payable other than in cash in respect of, and instruments and
other property received, receivable or otherwise distributed in respect of, or in
exchange for, any Collateral,
 (ii)
    
    dividends and other distributions paid or payable in cash in respect of any
Collateral in connection with a partial or total liquidation or dissolution or in
connection with a reduction of capital, capital surplus or paid-in-surplus, and
 (iii)
    
    cash paid, payable or otherwise distributed in respect of principal of, or in
redemption of, or in exchange for, any Collateral, shall be, and shall be forthwith delivered to the Secured Party to hold as, Collateral and shall,
if received by the Pledgor, be received in trust for the benefit of the Secured Party, be
segregated from the other property or funds of the Pledgor, and be forthwith delivered to the
Secured Party as Collateral in the same form as so received (with any necessary indorsement or
assignment). The Pledgor shall, upon request by the Secured Party, promptly execute all such
documents and do all such acts as may be necessary or desirable to give effect to the provisions of
this Section 6(b).
  F-4




---



##### 



(i)
    
    all rights of the Pledgor to receive the dividends and interest that it would
otherwise be authorized to receive and retain pursuant to Section 6(b) hereof shall
cease, and all such rights shall thereupon become vested in the Secured Party, for
itself and for the benefit of the Banks, who shall thereupon have the sole right to
receive and hold such dividends as Collateral, and
 (ii)
    
    all payments of interest and dividends that are received by the Pledgor
contrary to the provisions of paragraph (i) of this Section 6(e) shall be received in
trust for the benefit of the Secured Party, shall be segregated from other funds of the
Pledgor and shall be forthwith paid over to the Secured Party as Collateral in the same
form as so received (with any necessary indorsement).
  F-5




---



##### 



Transfers and Other Liens; Additional Shares
   Secured Party Appointed Attorney-in-Fac
 Secured Party May Perform
 The Secured Partys Duties
  F-6




---



##### 



Default
 Remedies upon Default
    F-7




---



##### 



Waiver of Certain Claims
 Costs and Expenses; Indemnity
  F-8




---



##### 



Waivers and Amendments; Remedies
 Notices
 Pledgor Acknowledgments
 Continuing Security Interest; Assignments under Credit Agreement
  F-9




---



##### 



Termination of Security Interest
 Governing Law and Construction
 Consent to Jurisdiction . AT THE OPTION OF THE SECURED PARTY, THIS
AGREEMENT MAY BE ENFORCED IN ANY FEDERAL COURT OR MINNESOTA STATE COURT SITTING IN HENNEPIN COUNTY;
AND THE PLEDGOR CONSENTS TO THE JURISDICTION AND VENUE OF ANY SUCH COURT AND WAIVES ANY ARGUMENT
THAT VENUE IN SUCH FORUM IS NOT CONVENIENT. IN THE EVENT THE PLEDGOR COMMENCES ANY ACTION IN
ANOTHER JURISDICTION OR VENUE UNDER ANY TORT OR CONTRACT THEORY ARISING DIRECTLY OR INDIRECTLY FROM
THE RELATIONSHIP CREATED BY THIS AGREEMENT, THE SECURED PARTY AT ITS OPTION SHALL BE ENTITLED TO
HAVE THE CASE TRANSFERRED TO ONE OF THE JURISDICTIONS AND VENUES ABOVE-DESCRIBED, OR IF SUCH
TRANSFER CANNOT BE ACCOMPLISHED UNDER APPLICABLE LAW, TO HAVE SUCH CASE DISMISSED WITHOUT
PREJUDICE.
  F-10




---



##### 



Waiver of Jury Trial . THE PLEDGOR AND THE SECURED PARTY BY THEIR
ACCEPTANCE OF THIS AGREEMENT, IRREVOCABLY WAIVE ANY
AND ALL RIGHT TO TRIAL BY JURY IN ANY LEGAL PROCEEDING ARISING OUT OF OR RELATING TO THIS
AGREEMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY.
 Counterparts
 General
   F-11




---



##### 



PLEDGOR:
DOLAN MEDIA COMPANYBy:Title: Executive Vice President andChief Financial Officer 
  U.S. BANK NATIONAL ASSOCIATION,
as Secured PartyBy:Michael J. StalochSenior Vice President 
   F-S-1




---



##### 



SCHEDULE I
 PLEDGED STOCK
 __________________
 _____
 _________
 ____
 _____
 _______
   F-Sch I-1




---



##### 



Agreement Grantor Grantors Secured Party Banks
 RECITALS
 Credit Agreement
    Defined Terms
  Account




---



##### 



Account Debtor
 Chattel Paper
 Collatera
 Default
 Deposit Account
 Document
 Equipment
 Event of Defaul
 Financing Statement
 Fixtures
 General Intangibles
  G-2




---



##### 



Instrument
 Inventory
 Investment Property
 Letter of Credit Right
 Lien
 Obligations
 Person
 Security Interest
  G-3




---



##### 



Grant of Security Interes Security Interest
              G-4




---



##### 



Excluded Collateral provided provided further provided further
 Grantors Remains Liable
  G-5




---



##### 



Title to Collateral Permitted
Liens Financing Statement
 Disposition of Collateral
 Names, Offices, Locations, Jurisdiction of Organization
 Rights to Payment
  G-6




---



##### 



Further Assurances; Attorney-in-Fact
     G-7




---



##### 



Taxes and Claims
 Books and Records
 Inspection, Reports, Verifications
 Notice of Loss
 Insurance
  G-8




---



##### 



Lawful Use; Fair Labor Standards Act
 Action by the Secured Party
 Insurance Claims
  G-9




---



##### 



The Secured Partys Duties
 Default
 Remedies on Default
    G-10




---



##### 



G-11




---



##### 



Remedies as to Certain Rights to Payment
 Application of Proceeds
 Costs and Expenses; Indemnity
  G-12




---



##### 



Waivers; Remedies; Marshalling
 Notices
 Grantor Acknowledgments
 Continuing Security Interest; Assignments under Credit Agreement
 Joinder Agreements Exhibit
A
  G-13




---



##### 



Termination of Security Interest provided
 Governing Law and Construction . THE VALIDITY, CONSTRUCTION AND
ENFORCEABILITY OF THIS AGREEMENT SHALL BE GOVERNED BY THE LAWS OF THE STATE OF MINNESOTA, WITHOUT
GIVING EFFECT TO CONFLICT OF LAWS PRINCIPLES THEREOF, EXCEPT TO THE EXTENT THAT THE VALIDITY OR
PERFECTION OF THE SECURITY INTEREST HEREUNDER, OR REMEDIES HEREUNDER, IN RESPECT OF ANY PARTICULAR
COLLATERAL ARE MANDATORILY GOVERNED BY THE LAWS OF A JURISDICTION OTHER THAN THE STATE OF
MINNESOTA
 Consent to Jurisdiction . AT THE OPTION OF THE SECURED PARTY, THIS
AGREEMENT MAY BE ENFORCED IN ANY FEDERAL COURT OR MINNESOTA STATE COURT SITTING IN HENNEPIN COUNTY;
AND EACH GRANTOR CONSENTS TO THE JURISDICTION AND VENUE OF ANY SUCH COURT AND WAIVES ANY ARGUMENT
THAT VENUE IN SUCH FORUMS IS NOT CONVENIENT. IN THE EVENT A GRANTOR COMMENCES ANY ACTION IN
ANOTHER JURISDICTION OR VENUE UNDER ANY TORT OR CONTRACT THEORY ARISING DIRECTLY OR INDIRECTLY FROM
THE RELATIONSHIP
CREATED BY THIS AGREEMENT, THE SECURED PARTY AT ITS OPTION SHALL BE ENTITLED TO HAVE THE CASE
TRANSFERRED TO ONE OF THE JURISDICTIONS AND VENUES ABOVE-DESCRIBED, OR IF SUCH TRANSFER CANNOT BE
ACCOMPLISHED UNDER APPLICABLE LAW, TO HAVE SUCH CASE DISMISSED WITHOUT PREJUDICE.
  G-14




---



##### 



Waiver of Notice and Hearing . EACH GRANTOR HEREBY WAIVES ALL RIGHTS TO A
JUDICIAL HEARING OF ANY KIND PRIOR TO THE EXERCISE BY THE SECURED PARTY OF ITS RIGHTS TO POSSESSION
OF THE COLLATERAL WITHOUT JUDICIAL PROCESS OR OF ITS RIGHTS TO REPLEVY, ATTACH, OR LEVY UPON THE
COLLATERAL WITHOUT PRIOR NOTICE OR HEARING. EACH GRANTOR ACKNOWLEDGES THAT IT HAS BEEN ADVISED BY
COUNSEL OF ITS CHOICE WITH RESPECT TO THIS PROVISION AND THIS AGREEMENT.
 Waiver of Jury Trial . EACH GRANTOR AND THE SECURED PARTY BY THEIR
ACCEPTANCE OF THIS AGREEMENT, IRREVOCABLY WAIVE ANY AND ALL RIGHT TO TRIAL BY JURY IN ANY LEGAL
PROCEEDING ARISING OUT OF OR RELATING TO THIS AGREEMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY.
 Counterparts
 General
   G-15




---



##### 



Organizational ID # [_________]
    
    []By:Name:Title:
  ACCEPTED:U.S. BANK NATIONAL ASSOCIATION,
as Secured PartyBy:Michael J. Staloch
Senior Vice President
 
   G-S-1




---



##### 



FORM OF JOINDER AGREEMENT
 Agreement [ Insert
Name of applicable Subsidiary or Affiliate ] Joining Party Security
Agreement Secured Party Credit Agreement Banks
      G-Ex A-1




---



##### 



[Insert name of Joining Party],
a [_____]By:Name:Title: Acknowledged and accepted:U.S. BANK, NATIONAL ASSOCIATION,
as Secured PartyBy:Name:Title:
  G-Ex A-2




---



##### 



COMMITMENT AMOUNTS
 Revolving
    
    
    Term LoanBank
    
    Commitment Amount
    
    
    Commitment AmountU.S. Bank National Association
    
    $
    30,000,000
    
    
    $
    10,000,000LaSalle Bank National Association
    
    $
    22,500,000
    
    
    $
    7,500,000Associated Bank National Association
    
    $
    22,500,000
    
    
    $
    7,500,000Bank of the West
    
    $
    22,500,000
    
    
    $
    7,500,000Cooperatieve Centrale
Raiffeisen-Boerenleenbank B. A.,
Rabobank Nederland,
New York Branch
    
    $
    18,750,000
    
    
    $
    6,250,000Key Bank, N.A.
    
    $
    18,750,000
    
    
    $
    6,250,000Comerica Bank
    
    $
    15,000,000
    
    
    $
    5,000,000




---



##### 



LITIGATION
 Tedesco v. Lawyers Weekly Missouri and Dolan Media Company.




---



##### 



ENVIRONMENTAL MATTERS




---



##### 



RETIREMENT BENEFITS




---



##### 



SUBSIDIARIES
 Issued andState of
    
    
    
    
    OutstandingSubsidiary
    
    Organization
    
    
    Percentage Ownership
    
    SharesArizona News Service, LLC
    
    Delaware
    
    100%
    
    1,000 Class A UnitsCleo Company
    
    Delaware
    
    100%
    
    100 shares of Common StockCounsel Press, LLC
    
    Delaware
    
    100%
    
    1,000 Class A UnitsDaily Journal of Commerce, Inc.
    
    Delaware
    
    100%
    
    100 shares of Common StockThe Daily Record Company
    
    Maryland
    
    100%
    
    20,000 shares of Common StockDaily Reporter Publishing Company
    
    Delaware
    
    100%
    
    100 shares of Common StockDolan APC LLC
    
    Delaware
    
    100%
    
    1,000 Class A UnitsDolan DLN LLC
    
    Delaware
    
    100%
    
    1,000 Class A UnitsDolan Finance Company
    
    Minnesota
    
    100%
    
    1,000 shares of Common StockDolan Publishing Company
    
    Delaware
    
    100%
    
    100 shares of Common StockFinance and Commerce, Inc.
    
    Minnesota
    
    100%
    
    13,900 shares of Common StockThe Journal Record Publishing Co.
    
    Delaware
    
    100%
    
    100 shares of Common StockLegal Com of Delaware, Inc.
    
    Delaware
    
    100%
    
    1,000 shares of Common Stock




---



##### 



Issued andState of
    
    
    
    
    OutstandingSubsidiary
    
    Organization
    
    
    Percentage Ownership
    
    SharesLegal Ledger, Inc.
    
    Minnesota
    
    100%
    
    100 shares of Common StockLong Island Business News, Inc.
    
    New York
    
    100%
    
    5,040 shares of Common StockNew Orleans Publishing Group, Inc.
    
    Louisiana
    
    100%
    
    100 shares of Common StockLawyers Weekly, Inc.
    
    Delaware
    
    100%
    
    100 shares of Common StockWisconsin Publishing Company
    
    Minnesota
    
    100%
    
    100 shares of Common StockNOPG, L.L.C.
    
    Louisiana
    
    100% owned by New Orleans Publishing Group, Inc.Missouri Lawyers Media, Inc.
    
    Missouri
    
    100% owned by Legal Com of Delaware, Inc.
    
    20,000 shares of Common StockIdaho Business Review, Inc.
    
    Idaho
    
    100% owned by Daily Record Company
    
    100,000 shares of Common StockDolan Publishing Finance Company
    
    Minnesota
    
    100% owned by Dolan Publishing Company
    
    100 shares of Common StockAmerican Processing Company, LLC
    
    Michigan
    
    77.355% owned by Dolan APC LLC
    
    810,000 Common Units




---



##### 



AFFILIATE TRANSACTIONS
 1.
    
    Services Agreement dated as of March 14, 2006 by and among Trott & Trott, Professional
Corporation, David A. Trott and APC
 2.
    
    Services Agreement dated as of March 14, 2006, by and among APC, David A. Trott and Trott &
Trott, Professional Corporation
 3.
    
    Employment Agreement dated as of March 14, 2006 by and between David A. Trott and APC
 4.
    
    Office and Space Sharing Agreement dated as of March 14, 2006 by and between Trott & Trott,
Professional corporation and APC
 5.
    
    Sublease dated as of March 14, 2006 by and between Trott & Trott, Professional Corporation
and APC
 6.
    
    Services Agreement dated as of January 9, 2006 by and among Feiwell & Hannoy, P.C., Michael
Feiwell, Doug Hannoy and APC
 7.
    
    Employment Agreement dated as of January 9, 2007 by and between Michael J. Feiwell and APC
 8.
    
    Employment Agreement dated as of January 9, 2007 by and between Douglas Hannoy and APC
 9.
    
    Sublease dated as of January 9, 2007 by and between Wolverines I, Inc. and APC
 10.
    
    Office and Space Sharing Agreement dated as of January 9, 2007 by and between Feiwell &
Hannoy, P.C. and APC
 11.
    
    Amended and Restated Operating Agreement of APC dated as of March 14, 2006, as amended
 12.
    
    APC Note Payable to Feiwell & Hannoy dated as of January 9, 200713.
    
    APC Note Payable to Dolan Finance Company dated as of November 10, 200614.
    
    APC Note Payable to Dolan Finance Company dated as of January 9, 2007




---



##### 



15.
    
    Amended and Restated Employment Agreement dated as of April 1, 2007 by and between Dolan
Media Company and James P. Dolan
 16.
    
    Employment Agreement dated as of April 1, 2007 by and between Dolan Media Company and Scott
Pollei
 17.
    
    Employment Agreement dated as of April 1, 2007 by and between Dolan Media Company and Mark
W.C. Stodder
 18.
    
    Amended and Restated Registration Rights Agreement dated as of September 1, 2004 by and among
Dolan Media Company and certain holders of Dolan Media Companys common stock, series A
preferred stock and series C preferred stock
 19.
    
    Net Director, LLC, in which David A. Trott owns 11.1%, provides an information clearing house
service used by APC
 20.
    
    American Servicing Corporation, in which David A. Trott owns 60%, provides property tax
searches and courier services to APC
 21.
    
    Lease dated as of April 1, 2007 by and between APC and NW13, LLC, in which David A. Trott
owns 75%
 22.
    
    Lease by and between Lawyers Weekly, Inc. and NW13, LLC
 23.
    
    Agreement by and between Dolan Media Company and Trott & Trott, Professional Corporation to
pay Trott & Trott a fee in connection with Dolan Finances loan to APC




---



##### 



INVESTMENTS
 1.
    
    Finance and Commerce holds 2,000,000 shares of Series C Preferred Stock of GovDocs, Inc.2.
    
    Dolan Media Company holds 728,415 shares of Series B Preferred Stock of Gov Docs, Inc.3.
    
    Dolan Media Company holds 33,333 shares of Series A Preferred Stock of Gov Docs, Inc.4.
    
    Dolan Media Company holds 1,166,667 shares of Common Stock Link-Up, Inc.5.
    
    Dolan DLN LLC holds 35% of the membership interests of Detroit Legal News Publishing, LLC, a
Michigan limited liability company




---



##### 



INDEBTEDNESS
 1.
    
    Lease obligation of approximately $24,000 to Avaya Capital under a lease dated April 2005.




---



##### 



LIENS
 1.
    
    UCC Financing Statement Nos. 42689539 and 43282623 of CIT Communications Finance Corporation
on certain equipment leased to Dolan Media Company and Cleo Company (formerly known as Henry
M. Greene & Associates, Inc.)
 2.
    
    UCC Financing Statement Nos. 2007010415-7 and 2007-062338-5 of Analysts International
Corporation on certain equipment purchased by American Processing Company, LLC
 3.
    
    UCC Financing Statement No. 2007087941-3 of Canon Financial Services on certain equipment
leased to American Processing Company, LLC
 4.
    
    UCC Financing Statement No. 41859992 of First Premier Capital LLC on certain equipment leased
by Dolan Media Company




---



##### 



CONTINGENT OBLIGATIONS
 None.