Document:

Amendment to Loan Agreement dated March 28, 2005

 Exhibit 10.7 
  
 AMENDMENT TO LOAN AGREEMENT 
  

THIS AMENDMENT is made as of the 28th day of March, 2005, by and between FIRST ADVANTAGE CORPORATION, doing business in Florida as First Advantage
Holding, Inc. (the “Borrower”), a Delaware corporation and BANK OF AMERICA, N.A. (the “Bank”). 
  
 Recitals 
  
 The Borrower and the Bank executed a Loan Agreement (as amended from time to time, the “Loan Agreement”) dated July 31, 2003, pursuant to which the Bank has provided a credit facility to the Borrower. The parties previously
amended the Loan Agreement on December 22, 2003, July 28, 2004 and September 7, 2004. The parties wish to further amend the Loan Agreement in accordance with the terms hereof. 
  
 NOW, THEREFORE, for good and valuable consideration, the parties agree as follows: 
  
 1. Article 1 of the Loan Agreement is hereby amended so that, from and after
the date hereof, Article 1 of the Loan Agreement shall read as follows 
  
 ARTICLE I 
 BORROWING AND PAYMENT 
  
 1.01 Revolving Line of Credit. 
  
 (a) The Bank has previously established in favor of the Borrower a revolving line of credit (the “Line of Credit”). The Borrower
shall be entitled to borrow, repay and reborrow funds under the Line of Credit in accordance with the terms hereof so long as the total principal amount owed to the Bank under the Line of Credit does not exceed $45,000,000.00 (or such lesser amount
as is set forth herein). The Bank’s obligation to make advances hereunder shall terminate at the expiration of the Revolving Period. 
  
 (b) The Borrower’s indebtedness under the Line of Credit shall be evidenced by a Renewal Promissory note (as amended, extended or
renewed from time to time, the “Note”) dated March 24, 2005, executed by the Borrower in favor of the Bank in the original principal amount of $45,000,000.00. The Note shall bear interest at the rate set forth therein and shall be payable
as set forth therein. 
  
 (c) Notwithstanding the
foregoing, upon the occurrence of one or more Equity Events (as defined herein), the Borrower shall apply one hundred percent (100%) of the proceeds of such Equity Event: FIRST to all accrued but unpaid interest on the Note; and SECOND to the
outstanding principal balance of the Note until such time as the maximum outstanding principal balance of the Note does not exceed $20,000,000 (or such lesser amount as is set forth herein). Upon any principal reduction payment on the Note made in
connection with an Equity Event, the maximum permitted outstanding principal balance of 

  

 
the Note shall be permanently reduced by the amount of such principal reduction payment made in connection with such Equity Event. For the purposes of this
Agreement, an “Equity Event” shall mean any equity investment in the stock of the Borrower, either through a public offering or a private placement of equity. 
  
 (d) The Bank shall make each advance under the Line of Credit upon written or telephonic notice from the
Borrower to the Bank requesting an advance. The notice shall specify the date for which the advance is requested (which must be a Business Day) and the amount of the advance. The Bank must receive the notice prior to 12:00 noon (Eastern time) on the
Business Day of the advance. Alternatively, the Borrower may request advances by drawing checks on a deposit account that is linked to the credit facility hereunder in accordance with disbursement arrangements that are mutually satisfactory to the
parties. The Bank will make each requested advance available to the Borrower not later than the close of business on the Business Day of the request by crediting the Borrower’s account maintained with the Bank in the amount of the advance if as
of such time: (i) the Bank’s obligation to make advances hereunder has not terminated or expired; (ii) a Default or Event of Default has not occurred; and (iii) all conditions to the advance set forth herein or in any other Loan Documents have
been satisfied. The Bank may rely upon any written or telephonic notice given by any person that the Bank in good faith believes is an authorized representative of the Borrower without the necessity of any independent investigation. If any
telephonic notice conflicts with a written confirmation, the telephonic notice shall govern if the Bank has acted in reliance thereon. 
  
 (e) For purposes hereof, the term “Revolving Period” shall mean a period commencing on the date hereof and terminating on July
31, 2006. 
  
 1.02 Term Loans. 
  
 (a) Subject to the terms and conditions set forth herein,
the Borrower may from time to time, upon written notice to the Bank, convert all or a portion of the outstanding principal balance of the Line of Credit Note to one or more term loans (each, a “Term Loan”), upon satisfaction of the
following conditions: 
  
 (i) The Borrower shall
provide written notice to the Bank, not less than thirty (30) business days prior to the requested effective date for such conversion of outstanding principal to a Term Loan. 
  
 (ii) Each such Term Loan shall be for a principal amount of at least $3,000,000.00. 
  
 (iii) No Default or Event of Default shall have occurred
hereunder and be continuing at the time of such request. 
  

 2 

 (iv) The Borrower shall execute a promissory note (each, as amended, extended or renewed
from time to time, a “Term Note”, in the form set forth on Exhibit “D” hereto. The Borrower and its Subsidiaries shall execute such other documentation as the Bank shall reasonably require in connection with such Term Loan.

  
 (v) The Borrower shall pay a fee upon the
execution of each Term Note, in an amount reasonably set by the Bank, not to exceed 1.0% of the Term Loan amount. 
  
 (vi) The Borrower shall pay all of the Bank’s fees, expenses and costs in connection with the documentation, closing and
administration of each Term Loan, including, without limitation, all attorneys fees and costs, filing fees, documentary stamp taxes and intangible personal property taxes. 
  
 (b) Each such Term Loan: (i) shall be for a term of 36 months; (ii) shall accrue interest at the rate to be
reasonably agreed upon between the Borrower and the Bank; and (iii) shall be payable in monthly installments of principal plus interest in an amount required to fully amortize the principal amount of such Term Loan over 36 months, commencing on the
date of such Term Loan. 
  
 (c) Each Term Loan
with be secured by a lien on the Borrower’s and each of the Borrower’s Included Subsidiaries’ accounts receivable. 
  
 1.03 Letters of Credit. Upon the Borrower’s request, and subject to the terms and conditions set forth herein, the Bank shall issue letters of
credit (the “Letters of Credit”) for the Borrower’s account. The Borrower shall not in any event be entitled to obtain a Letter of Credit after the expiration of the Revolving Period, and no Letter of Credit shall have an expiration
date that is more than one year after the date of issuance thereof. The Outstanding Letter of Credit Amount shall not in any event exceed $500,000.00 (the “Letter of Credit Sublimit Amount”) or such lesser amount as is set forth herein.
For purposes of this Agreement, the “Outstanding Letter of Credit Amount” shall mean: (a) amounts available for draws under outstanding Letters of Credit (whether or not such draws are subject to satisfaction of prior conditions); and (b)
the amount of any draws under Letters of Credit for which the Bank has not received reimbursement. The Borrower shall request Letters of Credit by giving the Bank written notice of each request at least five (5) Business Days prior to the issuance
of the Letter of Credit. The Borrower shall, with such request, complete an application in form acceptable to the Bank and execute or otherwise agree to such terms, conditions and reimbursement agreements (each, as amended or restated from time to
time, a “Reimbursement Agreement”) concerning the Letter of Credit as the Bank may require. In the event of a draw on a Letter of Credit, the Bank may at its option obtain an advance under the Revolving Note (upon notice to the Borrower)
to reimburse the Bank for such draw. If the Bank elects not to obtain an advance under the Revolving Note or if credit in the amount of the draw is not then available under the Revolving Note, the Borrower shall immediately 

  

 3 

 
upon demand reimburse the Bank for the amount of the draw together with interest thereon and such other amounts as may be due under any applicable
Reimbursement Agreement. The Bank shall not in any event be required to issue a Letter of Credit during the continuance of a Default or Event of Default hereunder. The Borrower shall pay the Bank such issuance fees as the Bank may reasonably require
with respect to each Letter of Credit. 
  
 1.04 Borrowing
Limitations. 
  
 (a) From the date hereof
until the occurrence of an Equity Event (as defined in this Amendment), Outstanding Credit shall not at any time exceed $45,000,000.00. For the purposes hereof, “Outstanding Credit” means the sum of: (i) the outstanding principal amount
under the Note, (ii) the aggregate face amount of any Term Loans, and (iii) the Outstanding Letter of Credit Amount. 
  
 (b) From and after the occurrence of an Equity Event, the maximum Outstanding Credit shall not at any time exceed the then maximum
permitted outstanding principal balance of the Note (after taking into account all principal reduction payments made in connection with any Equity Events (as set forth in Section 1.01 hereof)). 
  
 (c) From and after such time as principal reduction payments
from one or a series of Equity Events have reduced the maximum permitted outstanding principal balance of the Note to $20,000,000, the maximum Outstanding Credit shall not exceed the lesser of: (i) $20,000,000; or (ii) the Borrowing Base (as defined
herein) then in effect. 
  
 (d) For purposes
hereof, the “Borrowing Base” shall mean 80% of the face amount of Eligible Receivables. For purposes hereof, “Eligible Receivables” shall mean all trade generated accounts receivable then outstanding for services and for goods,
merchandise and other items of tangible Property (collectively, “Products”) sold in the ordinary course of business by the Borrower or any Included Subsidiary. Eligible Receivables shall not in any event include any account receivable if
or with respect to which: (aa) the account is outstanding: (i) 60 days or more after the due date; or (ii) 90 days past the invoice date; (bb) the account receivable is owed by a customer who is 60 days or more past the due date on 25% or more of
its obligations owed to the Borrower or any Included Subsidiary (in which event all receivables owed by the customer to the Borrower or such Included Subsidiary shall be deemed ineligible); (cc) the obligor under the receivable is also a creditor or
supplier of the Borrower or any Included Subsidiary or is otherwise subject to potential offset (in which case the amount of the receivable shall be reduced, for eligibility purposes, by the amount owed by the Borrower or such Included Subsidiary to
such obligor); (dd) the customer and its Affiliates account for more than 20% of all of the accounts receivable of the Borrower or any Included Subsidiary then outstanding on an aggregate basis (in which case the amount in excess of the applicable
percentage shall be deemed ineligible); (ee) the customer is located outside the continental United States unless the sale is on letter of credit, guaranty or other terms reasonably satisfactory in each case to the Bank; (ff) the customer is an
officer, director, employee, shareholder or other Affiliate of the Borrower or any Included 

  

 4 

 
Subsidiary; (gg) the customer or account debtor is any United States federal governmental authority, department or agency; (hh) the account receivable
represents interest or finance charges assessed to an account debtor; (ii) the account receivable is owed under or with respect to an invoice issued with cash or C.O.D. terms; (jj) an invoice has not been issued; (kk) delivery of the Products or
performance of the services has not been completed; (ll) the invoice is conditional or restricts collection rights or assignments in any respect; (mm) the invoice permits payment: (i) more than 30 days after the invoice date (except, however, that
the Bank may in its discretion permit extended terms sales to be included in Eligible Receivables in such amount as the Bank in its discretion may from time to time approve); (ii) in any currency other than United States Dollars; or (iii) at any
location outside the United States; (nn) the obligation to pay is evidenced by chattel paper or any note or other instrument (unless duly endorsed and delivered to the Bank); (oo) the Products or services have been rejected, returned or disputed in
any way, whether in whole or in part, in which event the receivable shall be ineligible to the extent of such rejection, return or dispute; (pp) the customer has attempted to renegotiate the invoiced price or asserted any right of reduction,
set-off, recoupment, counterclaim or defense (to the extent of the amount of such attempted renegotiation or asserted right of reduction, set-off, recoupment, counterclaim or defense); (qq) the Bank does not have a perfected first priority security
interest in the receivable; (rr) the invoice or corresponding account receivable is the subject of any financing statement, Lien or other encumbrance other than in favor of the Bank that are subordinate to the Bank’s Lines and other than
Permitted Liens; or (ss) the customer has commenced any bankruptcy or insolvency proceeding or the Bank otherwise reasonably determines that the customer is not paying such customers bills as they become due. 
  
 (e) The Bank has the right to deem any receivable as
ineligible for lending purposes if such receivable is not adequately documented by the books and records of the Borrower or the Included Subsidiary, as applicable. If at any time the Outstanding Credit Amount exceeds the Borrowing Base then in
effect, the Borrower shall, not later than the next Business Day, repay the Line of Credit in the amount of such excess. The Borrower authorizes the Bank to charge any deposit account of the Borrower (other than accounts maintained by the Borrower
with the Bank solely for payroll purposes and identified to the Bank as such) with the Bank for the amount of any such excess, provided that such charge to the account does not result in a negative balance in such account. The Borrower shall not be
entitled to obtain any advance under the Revolving Note or other credit hereunder if the advance or credit would result in a violation of the lending limits set forth herein. The Borrower shall deliver a borrowing base certificate to the Bank
demonstrating compliance with the lending limits set forth herein (together with attachments with supporting documentation including inventory schedules and accounts receivable agings): (i) on a monthly basis (not later than 15 Business Days after
the end of each calendar month); and (ii) at such other times as the Bank in its discretion may request. 
  
 (f) The Borrower acknowledges that the Borrowing Base may be monitored by the Bank or the Bank’s asset based lending group (the
“ABL Group”). The Borrower shall: (i) fully cooperate with the Bank and the ABL Group in connection with any exam, audit or 

  

 5 

 
review of the receivables or inventory of the Borrower and the Included Subsidiaries, provided, however, that the Bank agrees to use its reasonable efforts
to minimize disruption of the business of the Borrower and its Subsidiaries during any such exam, audit or review; (ii) instruct and permit the Bank and the ABL Group to have such access to the books, records and premises of the Borrower and the
Included Subsidiaries as the Bank or the ABL Group may reasonably require in connection with any such exam, audit or review; and (iii) provided that the Bank, in its sole but reasonable discretion, based upon the Bank’s review of the
Borrower’s inventory and aging schedules or the Bank’s field exams, the Bank reasonably believes that the Borrower has not provided materially accurate and materially complete information with respect to any customers or vendors, instruct
and permit such customers and vendors to provide such information to the Bank and the ABL Group as the Bank or the ABL Group may require in connection with any such exam, audit or review (and the Borrower hereby consents to any inquiries that the
Bank or the ABL Group may make of such customers and vendors in connection with any such exam, audit or inquiry). The Borrower acknowledges that, unless as Event of Default has occurred and is continuing, the ABL Group intends to conduct field exams
on an annual basis to ensure compliance with the Borrowing Base requirements, provided that the ABL Group may, in its discretion, adjust the frequency of such examinations, provided, however, that unless an Event of Default shall have occurred and
be continuing, such examinations shall not be conducted more frequently than on quarterly basis. 
  
 (g) The Borrower shall pay such reasonable and documented fees as the Bank may from time to time assess for examinations conducted by the
ABL Group. Notwithstanding the foregoing, the Bank agrees that the exam costs for such field exams shall not exceed: (i) for up to four companies, the lesser of: (A) 50% of the actual costs of such exams, or (B) $10,000; and (ii) for up to eight
companies: (A) 50% of the actual costs of such exams, or (B) $15,000. 
  
 (h) The Bank will perform such field exams permitted hereunder on an on-going basis as follows: 
  
 (i) The Bank will perform field exams on at least one-half of the Collateral Parties (as defined herein) on an annual basis plus, with all
Collateral Parties to be examined at least once during each two-year cycle. 
  
 (ii) The Bank will perform pre-funding field exams on each new Included Subsidiary prior to such Included Subsidiary’s assets being permitted to be included in the Borrowing Base calculations 
  
 (iii) For the purposes hereof, “Collateral
Parties” means, collectively, the Borrower and each Included Subsidiary. 
  
 1.05 Loan Documents. The Obligations (the “Obligations”) now or hereafter evidenced by the Note, and Term Notes and any Letters of Credit shall: (a) be secured by a 

  

 6 

 
first priority lien pursuant to the security agreement (as amended or restated from time to time, the “Borrower Security Agreement”) dated July 31,
2003 executed by the Borrower in favor of the Bank covering the Borrower’s accounts receivable and other assets described therein; (b) be secured by a first priority lien pursuant to such security agreements (collectively, as amended or
restated from time to time, the “Subsidiary Security Agreements”), executed by each Subsidiary in favor of the Bank covering the assets described therein; and (c) be guaranteed by each of the parties listed on Exhibit “D” hereto
and any additional operational Subsidiaries acquired by the Borrower (collectively, the “Guarantors”), pursuant to guaranties of payment (collectively, as amended or restated from time to time, the “Guaranties”) executed by such
Persons in favor of the Bank. The Borrower and each Subsidiary shall execute and deliver such financing statements and other documents as the Bank may reasonably request to perfect and continue perfection of the Bank’s liens. 
  
 1.06 Facility Fees. 
  
 (a) The Borrower shall pay to the Bank, on the date hereof,
a non-refundable facility fee in the amount of $250,000.00 for establishing the credit arrangements under the Note. 
  
 (b) If the maximum permitted principal balance of the Note has not been reduced to a maximum of $20,000,000 and the actual principal
balance of the Note is not paid down to $20,000,000.00, on or before December 31, 2005, the Borrower shall pay to the Bank an additional facility fee of $125,000.00 on December 31, 2005. 
  
 (c) The Borrower shall pay the Bank a fee equal to the 0.25% per annum (calculated on the basis of a 365/366
day year) of the daily average unused amount of the Line of Credit. For purposes of this subparagraph, the unused amount of the Line of Credit shall be calculated without giving effect to any borrowing base limitations. The Borrower shall pay the
fee: (i) quarterly in arrears within 15 days after each fiscal quarter end (commencing on October 15, 2004), the amount of such fee to be on a pro rata basis for each such calendar quarter; and (ii) on the termination or expiration of the Line of
Credit for the pro rate portion of such fee for the quarter in which the Line of Credit terminates or expires. 
  
 1.07 Interpretation. 
  
 (a) Certain terms used herein shall have the meanings ascribed thereto in Appendix I attached hereto. 
  
 (b) The definitions set forth in Appendix I attached hereto
are equally applicable to both the singular and plural forms of the terms defined. The words “hereof”, “herein” and “hereunder” when used in this Agreement shall refer to this Agreement as a whole and not to any
particular provision of this Agreement. Where the character or amount of any asset or liability or item of income or expense is required to be determined or any consolidation or other accounting computation is 

  

 7 

 
required to be made for the purposes of this Agreement, it shall be done in accordance with GAAP except where such principles are inconsistent with the
specific provisions of this Agreement. 
  
 2. The Borrower
certifies that as of the date hereof: (a) all of its representations and warranties in the Loan Agreement are true and correct as if made on the date hereof; and (b) no Default or Event of Default has occurred under the Loan Agreement. The Loan
Agreement shall continue in full force and effect except as modified herein. 
  
 DATED the day and year first above written. 
  

			
	 BANK OF AMERICA, N.A.

		
	By:	 	 /s/ Cameron Cordozo

			
	     Its:
	 	 Vice President

			
	
	FIRST ADVANTAGE CORPORATION,
a Delaware corporation, doing business in Florida as FIRST ADVANTAGE HOLDING, INC.
		
	By:	 	 /s/ John Lamson

			
	     Its:
	 	 EVP & CFO

  

 8Guaranty of Payment dated March 28, 2005

 Exhibit 10.8 
  
 GUARANTY OF PAYMENT 
  
 THIS GUARANTY is made as of March 28, 2005, by AMERICAN DRIVING RECORDS, INC., a California corporation, BACKTRACK REPORTS, INC., a New York corporation,
CIC ENTERPRISES, LLC, an Delaware limited liability company, COMPUNET CREDIT SERVICES, INC., an Arizona corporation, COREFACTS, LLC, a Virginia limited liability company, FIRST ADVANTAGE BACKGROUND SERVICES CORP., a Florida corporation, f/k/a
Employee Health Programs, Inc., FIRST ADVANTAGE OCCUPATIONAL HEALTH SERVICES CORP., a Florida corporation, formerly know as HireCheck, Inc., FIRST ADVANTAGE CANADA, INC., a Canadian corporation, FIRST ADVANTAGE ENTERPRISE SCREENING CORPORATION, a
Delaware corporation, FIRST ADVANTAGE PUBLIC RECORDS, LLC, a Delaware limited liability company, MULTIFAMILY COMMUNITY INSURANCE AGENCY, INC., a Maryland corporation, NATIONAL BACKGROUND DATA, LLC, a Delaware limited liability company, NATIONAL DATA
REGISTRY, LLC, a Delaware limited liability company, OMEGA INSURANCE SERVICES, a Florida corporation, PROUDFOOT REPORTS, INC., a New York corporation, QUANTITATIVE RISK SOLUTIONS LLC, an Arizona limited liability company, REALUM, INC., a Delaware
corporation, SAFERENT, INC., a Delaware corporation, SECONDA LLC, a California limited liability company, and US SEARCH.COM, INC., a Delaware corporation, (collectively, the “Guarantors”) in favor of BANK OF AMERICA, N.A. (the
“Bank”). 
  
 Recitals 
  
 First Advantage Corporation, doing business in Florida as First Advantage
Holding, Inc. (the “Borrower”) and the Bank are parties to a Loan Agreement (as amended or restated from time to time, the “Loan Agreement”), dated July 31, 2003. The Borrower, pursuant to the Loan Agreement, has executed and
delivered a Renewal Promissory Note (as amended, extended or renewed from time to time, the “Note”) of even date herewith in the original principal amount of $45,000,000.00 in favor of the Bank. 
  
 The Borrower has also incurred, or may incur, obligations under a Hedge
Agreement. For purposes hereof, the term “Hedge Agreement” shall mean each agreement between the Borrower and the Bank, or any affiliate of the Bank, whether now existing or hereafter entered into, that provides for an interest rate or
commodity swap, cap, floor, collar, forward foreign exchange transaction, currency swap, cross-currency rate swap, currency option, or any combination of, or option with respect to, these or similar transactions, for the purpose of hedging the
Borrower’s exposure to fluctuations in interest rates, currency valuations or commodity prices. 
  
 As an inducement to the Bank to extend, renew, or continue credit to the Borrower, the Guarantors have agreed to guarantee certain Obligations (as defined
below) of the Borrower and to execute and deliver this Guaranty. 
  
 NOW, THEREFORE, in consideration of loans, advances or other credit now or hereafter made or extended by the Bank to the Borrower, and to enable such loans, advances or other credit to be maintained or obtained by the Borrower, and for
other valuable consideration, the receipt and 

  

 
sufficiency of which are hereby acknowledged by the Guarantors, the Guarantors hereby agree with the Bank as follows: 
  
 1. The Guarantors do hereby irrevocably guarantee the payment to the Bank
when due, whether by acceleration or otherwise, of all Obligations of the Borrower to the Bank. As used in this Guaranty, the term “Obligations” means: (a) all principal, interest, costs, expenses and other amounts now or hereafter due
under the Note (including, without limitation, all principal amounts advanced thereunder before, on or after the date hereof); (b) all amounts payable by the Borrower under any Term Loan (as defined in the Loan Agreement; (c) all amounts now or
hereafter due under any Hedge Agreement now or hereafter in effect; and (d) all other amounts now or hereafter payable by the Borrower under any of the Loan Documents (as such term is defined in the Loan Agreement). 
  
 2. If any of the Obligations are not paid when due, after the expiration of
any applicable cure period, the Guarantors will forthwith pay all such Obligations of the Borrower to the Bank. The Guarantors further agree to pay the Bank, upon demand, all reasonable costs and expenses, including attorneys’ and legal
assistants’ fees incurred in connection with any trial or appellate proceedings or otherwise, that may be incurred by the Bank in exercising its rights and remedies with respect to payment of the Obligations or its rights and remedies against
the Guarantors under this Guaranty. 
  
 3. The Guarantors hereby:

  
 (a) Assent to all terms and agreements
heretofore or hereafter made by the Borrower with the Bank; 
  
 (b) Agree to make all payments hereunder in lawful money of the United States of America in immediately available funds without set-off or counterclaim; 
  
 (c) Consent that the Bank may, without further consent from or notice to the Guarantors, and without in any
way diminishing the obligation of the Guarantors under this Guaranty: 
  
 (i) Exchange, release or surrender to the Borrower or to any guarantor, pledgor, or grantor any collateral, or waive, release or subordinate any security interest, in whole or in part, now or hereafter held as
security for any of the Obligations; 
  
 (ii)
Accept any new collateral for the Obligations; 
  
 (iii) Waive or delay the exercise of any of its rights or remedies against the Borrower or any other person or entity, including, without limitation, any other guarantor; 
  
 (iv) Release the Borrower or any other person or entity, including, without limitation, any other guarantor
or endorser from any liability; 
  

 2 

 (v) Renew, extend, or modify the terms of any of the Obligations or any instrument or
agreement evidencing the same; 
  
 (vi) Apply
payments by the Borrower, the Guarantors, or any other person or entity, to the Obligations or to other indebtedness of any such person or entity in such order as the Bank, in its discretion, deems appropriate; 
  
 (vii) Abstain from taking advantage of or realizing upon any
security interest or other guarantee; and 
  
 (d)
Waive all notice of: 
  
 (i) The Bank’s
acceptance hereof or its intention to act, or its action, in reliance hereon; 
  
 (ii) The present existence or future incurring of any of the Obligations or any terms or amounts thereof or any change therein; 
  

(iii) Any default by the Borrower, any endorser, surety, pledgor, grantor of security, or guarantor; and 
  
 (iv) The obtaining or release of any guaranty or surety
agreement (in addition to this Guaranty), pledge, assignment, or other security for any of the Obligations; and 
  
 (e) Waive notice of presentment, demand, notice of demand, presentment for payment, protest, notice of non-payment or dishonor, notice of
protest and any other demands and notices required by law in connection with this Guaranty or any instrument evidencing any Obligations, except as such waiver may be expressly prohibited by law, and waive any requirement that suit against them under
this Guaranty be brought within any period of time shorter than the general statute of limitations applicable to contracts under seal. 
  
 4. The Guarantors hereby waive and agree not to assert or take advantage of: 
  
 (a) any defense arising by virtue of: 
  
 (i) the lack of authority, death or disability of any other party, or revocation hereof by any other party;

  
 (ii) the failure of the Bank to file or
enforce a claim of any kind; or 
  
 (iii) the
failure of the Bank to record any document or perfect any lien; 
  

 3 

 (b) notice of the existence, creation or incurring of any new or additional indebtedness,
or obligation or any action or non-action on the part of the Borrower, the Bank, any endorser, any guarantor under this or any other instrument, any creditor of the Borrower, or any other person whomsoever, in connection with any obligation or
evidence of indebtedness held by the Bank as collateral or in connection with any indebtedness or any obligation hereby guaranteed; 
  
 (c) any defense based upon an election of remedies by the Bank, including without limitation, an election to proceed by non-judicial
rather than judicial foreclosure (if the right to proceed by non-judicial foreclosure is available to the Bank); and 
  
 (d) any duty on the part of the Bank to disclose to the Guarantors any facts which the Bank may now or hereafter know about the Borrower
or any security for the Obligations, regardless of whether the Bank has reason to believe that any such facts materially increase the risk beyond that which the Guarantors intend to assume or has reason to believe that such facts are unknown to the
Guarantors or has a reasonable opportunity to communicate such facts to the Guarantors, it being understood and agreed that the Guarantors are fully responsible for being and keeping informed of the financial condition of the Borrower and the status
of any security for the Obligations and of all circumstances bearing on the risk of non-payment of all Obligations hereby guaranteed. 
  
 5. The Guarantors hereby waive any right or claim of right to cause a marshaling of any of the Borrower’s assets or the assets of any other party now
or hereinafter held as security for any Obligations. 
  
 6. The
Bank’s rights hereunder shall not be impaired or stayed as a result of any dissolution of the Borrower or any bankruptcy or insolvency proceedings involving the Borrower (including, without limitation, any discharge of the Borrower or its debts
in any such proceedings). The Obligations shall include, without limitation, any amounts advanced to or for the benefit of the Borrower or any successor thereto from and after the occurrence or commencement of any such dissolution or proceedings. If
any such bankruptcy or insolvency proceedings are commenced by or against the Borrower, the full amount of all Obligations then outstanding shall become immediately due and payable by the Guarantors (whether or not the Borrower then owes the
Obligations on an accelerated basis). 
  
 7. The liability of the
Guarantors under this Guaranty is absolute, irrevocable, unconditional, unlimited and continuing, without regard to the liability of any other person, and shall not in any manner be affected by reason of any action taken or not taken by the Bank,
nor by the partial or complete unenforceability or invalidity of any other guaranty or surety agreement, pledge, assignment or other security for any of the Obligations. Failure to sign this or any other guarantee by any other person shall not
discharge the liability of any signer. No delay in making demand on the Guarantors for satisfaction of their liability hereunder shall prejudice the Bank’s right to enforce such satisfaction. All of the Bank’s rights and remedies shall be
cumulative and any failure of the 

  

 4 

 
Bank to exercise any right hereunder shall not be construed as a waiver of the right to exercise the same or any other right at any time, and from time to
time, thereafter. 
  
 8. This Guaranty shall be a continuing one.
This Guaranty shall continue in effect until the last to occur of: (a) the payment of all Obligations, including any renewals, extensions or modifications thereof, in full if such payments of the Obligations have become final and are not subject to
being refunded as a preference or fraudulent transfer under the Bankruptcy Code or other applicable law; and (b) the termination of all loan agreements, loan documents and loan commitments between the Borrower and the Bank. 
  
 9. This Guaranty is fully enforceable regardless of any defenses which the
Borrower may assert on the underlying debt, including but not limited to failure of consideration, breach of warranty, payment, statute of frauds, statute of limitations, accord and satisfaction, and usury. 
  
 10. The Guarantors agree that, if at any time all or any part of any payment
previously applied by the Bank to any of the Obligations must be returned by the Bank for any reason, whether by court order, administrative order, or settlement, the Guarantors shall be liable for the full amount returned as if such amount had
never been received by the Bank, notwithstanding any termination of this Guaranty or the cancellation of any note or other agreement evidencing any of the Obligations. 
  
 11. The Bank shall have the right to proceed against the Guarantors without first proceeding against the Borrower or any
property securing payment of any Obligations, or any of the Loan Documents, or any other guarantor or endorser of the Obligations. 
  
 12. The Guarantors hereby waive and agree not to assert any right to which any of them may be or become entitled, whether by subrogation, contribution,
indemnity, reimbursement or otherwise, against the Borrower, any other guarantor or any of their respective properties, by reason of the performance by any Guarantor of obligations under this Guaranty, under any pledge or security agreement or
otherwise. Each Guarantor hereby subordinates any and all indebtedness of the Borrower now or hereafter owed to the Guarantor to all indebtedness owed by the Borrower to the Bank and agrees with the Bank that the Guarantor shall not: (a) demand or
accept any payment of principal, interest or other indebtedness from the Borrower until the Obligations have been satisfied in full; or (b) claim any offset or other reduction of the Guarantor’s obligations hereunder because of such
indebtedness. If any Guarantor receives any such payment, the Guarantor shall hold such payment in trust for the benefit of the Bank and shall surrender such payments to the Bank upon demand. The Guarantors shall not take any action to obtain any of
the collateral described in the Loan Documents. 
  
 13. To secure
the prompt payment and performance of the Obligations, each Guarantor grants to the Bank a continuing first lien security interest in all property of each Guarantor now or at any time hereafter in the possession of the Bank and all proceeds of all
such property. Each Guarantor agrees that the Bank shall have the rights and remedies of a secured party under the Uniform Commercial Code as adopted by the State of Florida with respect to such property, including, without limitation the right to
sell or otherwise dispose of any or all of such property. The 

  

 5 

 
Bank may, without further notice to anyone, apply or set off any balances, credits, deposits, accounts, monies or other indebtedness at any time created by
or due from the Bank to any Guarantor against the amounts due hereunder. Any notification of intended disposition of any property required by law shall be deemed reasonable and properly given if given at least five (5) calendar days before such
disposition. 
  
 14. Each Guarantor represents and warrants to the
Bank that: 
  
 (a) The Guarantor: (i) is duly
organized, validly existing and in good standing under the laws of the state or country of its formation and in all other states where the nature and extent of the business transacted by it or the ownership of its assets makes such qualification
necessary; (ii) has the requisite power and authority to own its properties and to carry on its business as now being conducted; (iii) is qualified to do business in the state of its formation and in any other state where the nature of its business
requires it to so qualify; (iv) is in compliance with all laws, orders, regulations, authorizations and similar matters (collectively the “Governmental Requirements”) of all governmental authorities, whether federal, state, county, or
municipal (collectively the “Governmental Authority”); (v) has not amended or modified its organizational documents except as previously disclosed in writing to the Bank prior to the execution hereof. 
  
 (b) The execution, delivery and performance by the Guarantor
of this Guaranty: (i) is within the powers and purposes of the Guarantor; (ii) has been duly authorized by all requisite action of the Guarantor; (iii) does not require the approval of any Governmental Authority; and (iv) will not violate any
Governmental Requirement, the organizational documents of the Guarantor or any indenture, agreement or other instrument to which the Guarantor is a party or by which it or any of its property is bound, or be in conflict with, result in a breach of
or constitute (with due notice or the lapse of time, or both) a default under any such indenture, agreement or other instrument, or result in the creation or imposition of any lien, charge or encumbrance of any nature whatsoever upon any of its
property or assets, except as contemplated by the provisions of this Guaranty. 
  
 (c) This Guaranty when executed and delivered by the Guarantor will constitute the legal, valid and binding obligation of the Guarantor
enforceable in accordance with the terms hereof. 
  
 (d) There are no judgments outstanding against the Guarantor and there is no action, suit, proceeding, or investigation now pending (or to the best of the Guarantor’s knowledge after diligent inquiry threatened) against, involving or
affecting the Guarantor or any of its properties or any part thereof, at law, in equity or before any Governmental Authority that if adversely determined as to the Guarantor, would result in a material adverse change in the business or financial
condition of the Guarantor, or the Guarantor’s operation and ownership of any of its properties, nor is there any basis for such action, suit, proceeding, or investigation. 
  

 6 

 (e) The Guarantor will furnish to the Bank such financial statements and tax returns
pertaining to the Guarantor as may be required in the Loan Agreement, if any. 
  
 (f) All balance sheets, statements of profit and loss and other financial data that have been and will be given to the Bank with respect to the Guarantor: (i) are and will be complete and correct in all material
respects; (ii) do and will accurately present the financial condition of the Guarantor as of the dates, and the results of its operations, for the periods for which the same have been and will be furnished; and (iii) have been and will be prepared
in accordance with generally accepted accounting principles consistently followed throughout the periods covered and to be covered thereby. All balance sheets disclose and will disclose all known liabilities, direct and contingent, as of their
respective dates. There has been no change in the condition of the Guarantor, financial or otherwise, since the date of the most recent financial statements given to the Bank with respect to the Guarantor other than changes in the ordinary course of
business, none of which changes has been materially adverse. 
  
 (g) The Guarantor is not insolvent and will not be rendered insolvent by the execution, delivery, payment and performance of this Guaranty. 
  
 (h) Until the Obligations have been paid and performed in full and the Guarantor shall have performed all of
its obligations hereunder, the Guarantor shall not, directly or indirectly, sell, convey, or transfer or permit to be sold, conveyed, or transferred any of its assets to any party or entity to which the Guarantor is related or in which the Guarantor
has an interest except on arm’s-length terms for fair value in the ordinary course of business. 
  
 15. The Guarantors acknowledge that the Bank has relied upon the Guarantors’ representations, has made no independent investigation of the truth
thereof and is not charged with any knowledge contrary thereto that may have been received by any officer, director, employee, or shareholder of the Bank. The Guarantors further acknowledge that they have not been induced to execute and deliver this
Guaranty as a result of, and are not relying upon, any representations, warranties, agreements, or conditions, whether express or implied, written or oral, by the Bank or by any officer, director, employee, or shareholder of the Bank. 
  
 16. Notwithstanding anything to the contrary contained in this Guaranty or in
the Note or the Loan Documents, the parties intend that any interest for which the Guarantors are obligated hereunder shall not exceed the maximum amount of interest permitted to be enforced against the Guarantors under the applicable laws relating
to usury. 
  
 17. The Guarantors agree that this Guaranty shall be
governed by the substantive law of the State of Florida, without regard to principles of conflicts of laws. 
  
 18. Without in any way limiting the foregoing, the Guarantors hereby waive any other act or omission of the Bank which may change the scope of the
Guarantors’ risk. 
  

 7 

 19. Any notice, consent or waiver required or permitted by this Guaranty shall be in writing and shall be
deemed delivered if delivered in person or if mailed, on the earlier of the date actually received or the third business day after being sent by first class mail, postage prepaid, as follows, unless such address is changed by written notice
hereunder: 
  
 If to the Bank: 
  
 Bank of America, N.A. 
 9000 Southside Blvd. 
 Building 100

 Jacksonville, Florida 32256 
 Attention: Commercial Credit Services 
  
 If to the
Guarantors: 
  
 c/o First Advantage Corporation 
 One Progress Plaza 
 Suite 2400 
 St. Petersburg, Florida 33701 
  
 20. This Guaranty shall inure to the benefit of the Bank, its successors and assigns, and to any person to whom the Bank may grant an interest in any of
the Obligations, and shall be binding upon the Guarantors and their respective successors and assigns. This Guaranty shall not be modified except by instrument in writing signed by the Guarantors and the Bank. No waiver by the Bank of any term
hereof shall be valid unless the Bank has executed a written waiver of such term. All Guarantors shall be jointly and severally liable for all obligations hereunder, and all representations, warranties, consents, agreements and covenants of the
Guarantors shall be deemed jointly and severally made. 
  
 21.
This Guaranty is intended to take effect as a document under seal. 
  
 22. Each Guarantor, and the Bank by its acceptance hereof, agree to the following arbitration provisions: 
  
 (a) These arbitration provisions govern the resolution of any controversies or claims between the Guarantors and the Bank, whether arising
in contract, tort or by statute, including but not limited to controversies or claims (collectively, a “Claim”) that arise out of or relate to: (i) this Guaranty (including any renewals, restatements, extensions or modifications hereof);
or (ii) any document related to this Guaranty. 
  
 (b) At the request of any Guarantor or the Bank, any Claim shall be resolved by binding arbitration in accordance with the Federal Arbitration Act (Title 9, U. S. Code) (the “Act”). The Act will apply even though this Guaranty
provides that it is governed by the law of a specified state. Arbitration proceedings will be determined in accordance with the Act, 

  

 8 

 
the rules and procedures for the arbitration of financial services disputes of JAMS or any successor thereof (“JAMS”), and the terms of this
Section. In the event of any inconsistency, the terms of this Section shall control. The arbitration shall be administered by JAMS and conducted in Hillsborough County, Florida. All Claims shall be determined by one arbitrator. However, if Claims
exceed $1,000,000, upon the request of any party, the Claims shall be decided by three arbitrators. All arbitration hearings shall commence within 90 days of the demand for arbitration and close within 90 days of commencement and the award of the
arbitrator or arbitrators, as the case may be, shall be issued within 30 days of the close of the hearing. However, the arbitrator or arbitrators, as the case may be, upon a showing of good cause, may extend the commencement of the hearing for up to
an additional 60 days. The arbitrator or arbitrators, as the case may be, shall provide a concise written statement of reasons for the award. The arbitration award may be submitted to any court having jurisdiction to be confirmed and enforced.

  
 (c) The arbitrator(s) will have the authority
to decide whether any Claim is barred by the statute of limitations and, if so, to dismiss the arbitration on that basis. For purposes of the application of the statute of limitations, the service on JAMS under applicable JAMS rules of a notice of
Claim is the equivalent of the filing of a lawsuit. Any dispute concerning this arbitration provision or whether a Claim is arbitrable shall be determined by the arbitrator(s). The arbitrator(s) shall have the power to award legal fees pursuant to
the terms of this Guaranty. 
  
 (d) These
arbitration provisions do not limit the right of the Guarantors or the Bank to: (i) exercise self-help remedies, such as but not limited to, setoff; (ii) initiate judicial or nonjudicial foreclosure against any real or personal property collateral;
(iii) exercise any judicial or power of sale rights, or (iv) act in a court of law to obtain an interim remedy, such as but not limited to, injunctive relief, writ of possession or appointment of a receiver, or additional or supplementary remedies.

  
 (e) By agreeing to binding arbitration, each
of the Guarantors and the Bank irrevocably and voluntarily waive any right they may have to a trial by jury in respect of any Claim. Furthermore, without intending in any way to limit this agreement to arbitrate, to the extent any Claim is not
arbitrated, the parties irrevocably and voluntarily waive any right they may have to a trial by jury in respect of such Claim. This provision is a material inducement for each Guarantor’s executing, and the Bank’s accepting, this Guaranty.
No provision in this Guaranty or in any document related hereto regarding submission to jurisdiction or venue in any court is intended or shall be construed to be in derogation of the provisions of this Guaranty or in any such other document for
arbitration of any controversy or claim. 
  
 23. NOTICE OF
FINAL AGREEMENT. THIS WRITTEN GUARANTY REPRESENTS THE FINAL AGREEMENT BY THE GUARANTORS IN FAVOR OF THE BANK AND MAY NOT BE CONTRADICTED BY EVIDENCE OF PRIOR, CONTEMPORANEOUS, OR SUBSEQUENT ORAL AGREEMENTS OR UNDERSTANDINGS OF THE PARTIES. THERE
ARE NO UNWRITTEN ORAL AGREEMENTS BETWEEN THE PARTIES. 
  

 9 

  
 IN WITNESS WHEREOF, the
Guarantors, intending to be legally bound hereby, have duly executed this Guaranty of Payment on or as of the date and year first above written. 
  

			
	AMERICAN DRIVING RECORDS, INC.
		
	By:	 	 /s/ John Lamson

			
	     Its: 
	 	 Vice President

			
	
	 BACKTRACK REPORTS, INC.

		
	By:	 	 /s/ John Lamson

			
	     Its: 
	 	 Vice President

			
	
	 CIC ENTERPRISES, LLC.

		
	By:	 	 /s/ John Lamson

			
	     Its: 
	 	 Vice President

			
	
	 COMPUNET CREDIT SERVICES, INC.

		
	By:	 	 /s/ John Lamson

			
	     Its: 
	 	 Vice President

			
	
	 COREFACTS, LLC

		
	By:	 	 /s/ John Lamson

			
	     Its: 
	 	 Vice President

  

 10 

			
	FIRST ADVANTAGE BACKGROUND SERVICES CORP.
		
	By:	 	 /s/ Ken J. Chin

			
	     Its: 
	 	 Vice President

			
	
	FIRST ADVANTAGE OCCUPATIONAL HEALTH SERVICES CORP.
		
	By:	 	 /s/ John Lamson

			
	     Its: 
	 	 Vice President

			
	
	 FIRST ADVANTAGE CANADA, INC.

		
	By:	 	 /s/ John Lamson

			
	     Its: 
	 	 Vice President

			
	
	FIRST ADVANTAGE ENTERPRISE SCREENING CORPORATION
		
	By:	 	 /s/ John Lamson

			
	     Its: 
	 	 Vice President

			
	
	FIRST ADVANTAGE PUBLIC RECORDS, LLC
		
	By:	 	 /s/ John Lamson

			
	     Its: 
	 	 Vice President

			
	
	MULTIFAMILY COMMUNITY INSURANCE AGENCY, INC.
		
	By:	 	 /s/ Ken J. Chin

			
	     Its: 
	 	 Secretary

  

 11 

			
	NATIONAL BACKGROUND DATA, LLC
		
	By:	 	 /s/ John Lamson

			
	     Its: 
	 	 Vice President

			
	
	NATIONAL DATA REGISTRY, LLC
		
	By:	 	 /s/ John Lamson

			
	     Its: 
	 	 Vice President

			
	
	OMEGA INSURANCE SERVICES, INC.
		
	By:	 	 /s/ Richard J. Taffet

			
	     Its: 
	 	 President

			
	
	PROUDFOOT REPORTS, INC.
		
	By:	 	 /s/ Ken J. Chin

			
	     Its: 
	 	 Vice President

			
	
	QUANTITATIVE RISK SOLUTIONS LLC
		
	By:	 	 /s/ John Lamson

			
	     Its: 
	 	 Vice President

			
	
	REALEUM, INC.
		
	By:	 	 /s/ John Lamson

			
	     Its: 
	 	 Vice President

  

 12 

			
	SAFERENT, INC.
		
	By:	 	 /s/ John Lamson

			
	     Its: 
	 	 Vice President

			
	
	US SEARCH.COM, INC.
		
	By:	 	 /s/ John Lamson

			
	     Its: 
	 	 Vice President

  

 13

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00084-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00084-of-00352.parquet"}]]