Document:

Exhibit 10.1

Exhibit 10.1

SERVICES AGREEMENT

This Services Agreement (this “Agreement”), dated as of October 1, 2009 (the
“Effective Date”), is by and between American Processing Company, LLC, a Michigan limited
liability company (d/b/a NDeX) (the “Default Specialist”), James E. Albertelli, P.A., a
Florida professional association d/b/a “Albertelli Law” (the “Firm”), and, solely for
purposes of making the commitments set forth in Article VIII (Restrictive Covenants), James
E. Albertelli (the “Restricted Party”). The Default Specialist and the Firm are
hereinafter collectively referred to as the “Parties” and each as a “Party.”
Unless otherwise indicated, capitalized terms used but not otherwise defined herein have the
meanings set forth in Section 1.1 below.

RECITALS

A. The Firm is engaged in the Practice of Law with offices in Jacksonville and Tampa, Florida.
Prior to the date hereof, in addition to the Practice of Law, the Firm provided certain non-legal
services to Clients, including the Mortgage Default Services.

B. Immediately prior to, and in connection with the transactions contemplated by this
Agreement, the Firm has sold to the Default Specialist substantially all of the assets (the
“Purchased Assets”) used by the Firm in the business of providing Mortgage Default Services
to the Firm’s Clients and the Default Specialist has assumed certain liabilities of the Firm
associated therewith (the “Assumed Liabilities”) pursuant to the Purchase Agreement.

C. The Firm now desires, subject to the terms and conditions described herein, to engage the
Default Specialist to provide Mortgage Default Services to the Firm for the benefit of its Clients;
provided, however, that the performance of any Legal Services in connection with
the business of the Firm shall continue to be performed solely by the Firm.

D. The Restricted Party acknowledges and agrees that the Restricted Party will receive direct
and substantial benefit from the consummation of the transactions contemplated by the Purchase
Agreement and has agreed to become a party to this Agreement for the limited purpose of agreeing to
certain covenants applicable to him as set forth in Article VIII (Restrictive Covenants).

AGREEMENTS

In consideration of the foregoing, and for other good and valuable consideration, the receipt
and sufficiency of which are hereby acknowledged, the Parties agree as follows:

ARTICLE I

DEFINITIONS

1.1 Definition of Certain Terms. The terms defined in this Section 1.1,
whenever used in this Agreement (including in the Schedules and Exhibits), shall have the
respective meanings indicated below for all purposes of this Agreement:

PORTIONS OF THIS EXHIBIT WERE OMITTED AND HAVE BEEN FILED SEPARATELY WITH THE SECRETARY OF THE COMMISSION PURSUANT TO AN APPLICATION FOR CONFIDENTIAL TREATMENT UNDER RULE 406 OF THE SECURITIES ACT; [***] DENOTES OMISSIONS.

 

 

 

“AAA” means the American Arbitration Association.

“Affiliate” as applied to any Person, means any other Person, directly or indirectly,
controlling, controlled by, or under common control with, that Person. The term “control”
(including, with correlative meanings, the terms “controlling,” “controlled by” and “under common
control with”), as applied to any Person, includes the possession, directly or indirectly, of fifty
percent (50%) or more of the voting power (or in the case of a Person which is not a corporation,
fifty percent (50%) or more of the ownership interest, beneficial or otherwise) of such Person or
the power otherwise to direct or cause the direction of the management and policies of that Person,
whether through voting, by contract or otherwise.

“Agencies” shall mean, individually or collectively, Fannie Mae, Freddie Mac, FHA, VA
and GNMA and any other governmental agencies or quasi-governmental agencies who are residential
mortgage lenders or residential mortgage loan servicing companies that are or become Clients of the
Firm.

“Agreement” has the meaning set forth in the Preamble of this Agreement.

“Applicable Law(s)” means any statute, law, ordinance, regulation, requirement, order
or rule of any Governmental Body, or any governmental or administrative interpretation thereof,
including, but not limited to, any and all federal, state and local laws governing the legal
profession generally, including, but not limited to, the State of Florida’s Rules of Professional
Conduct, the Fair Debt Collection Practices Act and the Graham-Leach-Bliley Act.

“Assumed Liabilities” has the meaning set forth in the Recitals of this Agreement.

“BLS” has the meaning set forth in Section 3.1(b) of this Agreement

“Breaching Party” has the meaning set forth in Section 9.3 of this Agreement.

“Business” means the business of providing Mortgage Default Services.

“Business Day” means a day of the year on which banks are not required or authorized
by law to close in Minneapolis, Minnesota.

“Change” and “Changes” have the meaning set forth in Article X of this
Agreement.

“Claim” has the meaning set forth in Section 12.6 of this Agreement.

“Clients” shall mean residential mortgage lenders or residential mortgage loan
servicing companies that have engaged the Firm, or may engage the Firm in the future, as well as
any other Person who receives Legal Services in combination with Mortgage Default Services from the
Firm.

“CPI” has the meaning set forth in Section 3.1(b) of this Agreement.

“CPI Percentage” has the meaning set forth in Section 3.1(b) of this
Agreement.

PORTIONS OF THIS EXHIBIT WERE OMITTED AND HAVE BEEN FILED SEPARATELY WITH THE SECRETARY OF THE COMMISSION PURSUANT TO AN APPLICATION FOR CONFIDENTIAL TREATMENT UNDER RULE 406 OF THE SECURITIES ACT; [***] DENOTES OMISSIONS.

 

2

 

“Default Specialist Confidential Information” has the meaning set forth in Section
7.1(a) of this Agreement.

“Default Specialist” has the meaning set forth in the Preamble of this Agreement.

“Default Specialist Intellectual Property” has the meaning set forth in Section
7.6 of this Agreement.

“Default Specialist Workforce” has the meaning set forth in Section 5.1 of
this Agreement.

“Effective Date” has the meaning set forth in the Preamble to this Agreement.

“Employee Expenses” means any and all employee costs of the Default Specialist
Workforce, including, but not limited to, personnel salaries, overtime, bonuses, commissions,
fringe benefits, accrued vacations, sick leave time, profit sharing, pension, and any insurance
benefits.

“Engagement Letter” means any engagement letter, contract, agreement or other
arrangement between the Firm and a Client.

“Exclusivity Term” means the period commencing on the Effective Date and continuing
until the earlier of (i) two years from the Effective Date, or (ii) the date upon which an
Exclusivity Termination Event shall have occurred.

“Exclusivity Termination Event” means the occurrence of any of the following: (i) the
failure by the Firm or the Restricted Party to cure a Material Breach within sixty (60) days after
receipt from the Default Specialist of a written notice describing such Material Breach, (ii) the
Firm ceases to operate its legal services business as historically operated by the Firm prior to
the Effective Date or (iii) the Firm becomes Insolvent.

“Extended Term” has the meaning set forth in Section 9.2 of this Agreement.

“Fannie Mae” shall mean the Federal National Mortgage Association.

“Fee Schedule” has the meaning set forth in Section 3.1(a) of this Agreement.

“Firm Confidential Information” has the meaning set forth in Section 7.2(a) of
this Agreement.

“Firm Damages” has the meaning set forth in Section 12.4 of this Agreement.

“Firm” has the meaning set forth in the Preamble of this Agreement.

“First Installment Payment” has the meaning given to such term in the Purchase
Agreement.

“First Invoice” has the meaning set forth in Section 3.2(b) of this Agreement.

PORTIONS OF THIS EXHIBIT WERE OMITTED AND HAVE BEEN FILED SEPARATELY WITH THE SECRETARY OF THE COMMISSION PURSUANT TO AN APPLICATION FOR CONFIDENTIAL TREATMENT UNDER RULE 406 OF THE SECURITIES ACT; [***] DENOTES OMISSIONS.

 

3

 

“First Invoice Amount” has the meaning set forth in Section 3.2(b) of this
Agreement.

“FHA” shall mean the Federal Housing Administration.

“Force Majeure Condition” shall mean any condition or event beyond the control of the
Party affected thereby, including, but not limited to, fire, explosion, or other casualty, act of
God, war or civil disturbance, acts of public enemies, embargo, the performance or non-performance
of third parties, acts of city, state, local or federal governments in their sovereign, regulatory,
or contractual capacity, labor difficulties and strikes.

“Freddie Mac” shall mean the Federal Home Loan Mortgage Corporation.

“GAAP” means United States generally accepted accounting principles, consistently
applied in accordance with past practices.

“GNMA” shall mean the Government National Mortgage Association.

“Governmental Body” means any:

(a) federal, state, county, municipal, city, town, village, district, or other jurisdiction or
government of any nature;

(b) governmental or quasi-governmental authority of any nature (including any governmental
agency, branch, department, official, or other entity and any court or other tribunal); or

(c) body exercising, or entitled or purporting to exercise, any administrative, executive,
judicial, legislative, police, regulatory, or taxing authority or power of any nature.

“Indemnified Party” has the meaning set forth in Section 12.6 of this
Agreement.

“Indemnifying Party” has the meaning set forth in Section 12.6 of this
Agreement.

“Initial Term” has the meaning set forth in Section 9.1 of this Agreement.

“Insolvent” means a party who makes an assignment for the benefit of its creditors, or
voluntarily commences proceedings in bankruptcy, reorganization or liquidation under the United
States Bankruptcy Code, 11 U.S.C. §§ 101, et seq., as amended, or under any other
state, federal or Applicable Law for the relief of debtors (or an action under any such laws is
commenced against such party and is not discharged within 60 days), or has a receiver, trustee or
custodian appointed to operate its business who is not discharged within 60 days of his, her or its
appointment.

“Investors” shall mean Fannie Mae, Freddie Mac, GNMA, FHA, VA, other Agencies and the
Private Investors, collectively.

“Invoice” means any Monthly Invoice or the First Invoice.

PORTIONS OF THIS EXHIBIT WERE OMITTED AND HAVE BEEN FILED SEPARATELY WITH THE SECRETARY OF THE COMMISSION PURSUANT TO AN APPLICATION FOR CONFIDENTIAL TREATMENT UNDER RULE 406 OF THE SECURITIES ACT; [***] DENOTES OMISSIONS.

 

4

 

“Legal Services” means counseling or assisting others in matters that require the use
of legal discretion and legal knowledge, the giving of advice or the rendering of any service
requiring the use of legal skill or knowledge, including the provision of any service constituting
the practice of law under all Applicable Laws.

“Malpractice Insurance Policies” has the meaning set forth in Section 4.6 of
this Agreement.

“Material Breach” means any breach of this Agreement (other than, with respect to
clauses (a), (b) or (c) below, as a result of a Force Majeure Condition) by one Party or, with
respect to clause (d) only, the Firm that:

(a) significantly deprives the Non-breaching Party of the benefits afforded to it under
this Agreement;

(b) causes the Non-breaching Party to suffer material losses or material damages that
cannot be properly redressed by the payment of money;

(c) constitutes gross negligence or willful misconduct on the part of the Breaching
Party that results in a material loss or material damages to the non-Breaching Party; or

(d) the failure by the Firm to timely pay any amounts owed to the Default Specialist
under this Agreement.

“Measuring Month” has the meaning set forth in Section 3.1(b) of this
Agreement.

“Monthly Invoice” has the meaning set forth in Section 3.2(a) of this
Agreement.

“Mortgage Default Services” means all services relating to the residential (but not
commercial) foreclosure, residential eviction, residential bankruptcy and litigation (with respect
to any of the foregoing) practices of the Firm including, but not limited to, REO closing work,
posting and publishing or other related services, but excluding in each instance any Legal Services
and also excluding skip tracing, registered agent verification, real estate brokerage and short
sale procurement services performed by lawyers in the Firm. For the avoidance of doubt, the
Mortgage Default Services shall not include any of the functions performed by the PREO Software;
provided, however, that the PREO Software shall not be used to perform any of the
services relating to the residential (but not commercial) foreclosure, residential eviction,
residential bankruptcy and litigation (with respect to any of the foregoing) practices of the Firm
including, but not limited to, REO closing work, posting and publishing or other related services.

“New Fee Amount” has the meaning set forth in Section 3.1(b) of this
Agreement.

“Non-breaching Party” has the meaning set forth in Section 9.3 of this
Agreement.

“Office Products” has the meaning set forth in Section 4.4 of this Agreement.

“Parties” and “Party” each has the meaning set forth in the Preamble of this
Agreement.

PORTIONS OF THIS EXHIBIT WERE OMITTED AND HAVE BEEN FILED SEPARATELY WITH THE SECRETARY OF THE COMMISSION PURSUANT TO AN APPLICATION FOR CONFIDENTIAL TREATMENT UNDER RULE 406 OF THE SECURITIES ACT; [***] DENOTES OMISSIONS.

 

5

 

“Person” means an individual, partnership, corporation (including a business trust,
professional corporation or professional association), joint stock company, trust, unincorporated
association, joint venture, limited liability company or other entity, or a government or any
political subdivision or agency thereof.

“Practice of Law” means any activities that constitute providing Legal Services.

“PREO Software” means those certain online bidding and loss mitigation software
programs and applications (and all derivations thereof) owned by the Restricted Party or his
Affiliates, whether or not such programs and applications are referred to by the name “PREO” or
“REO2GO.”

“Prevailing Party” has the meaning set forth in Section 12.2 of this
Agreement.

“Private Investors” shall mean private investors (i.e., non-Agency) who make or invest
in residential mortgage loans.

“Purchase Agreement” means that certain Asset Purchase Agreement, executed on the
Effective Date, but immediately prior to the execution of this Agreement, by and among the Firm,
the Default Specialist, the Restricted Party and the other parties a party thereto.

“Purchased Assets” has the meaning set forth in the Recitals of this Agreement.

“Reasonable Attorneys’ Fees” shall mean those reasonable attorneys’ fees actually
incurred and paid in obtaining a judgment in favor of the Prevailing Party, calculated based on a
maximum hourly rate of $250.

“Restricted Period” has the meaning set forth in Section 8.1(a) of this
Agreement.

“Restrictive Covenants” has the meaning set forth in Section 8.1 of this
Agreement.

“Sales Tax” has the meaning set forth in Section 3.1(d) of this Agreement.

“Second Installment Payment” has the meaning given to such term in the Purchase
Agreement.

“Standard Operating Procedures” means the operating procedures agreed to by the
Parties regarding the integration of Mortgage Default Services provided by the Default Specialist
and Legal Services provided by the Firm.

“Sublease Agreements” means those certain Sublease Agreements, each dated as of the
date hereof, by and between the Firm and the Default Specialist.

“Territory” has the meaning set forth in Section 8.1(a) of this Agreement.

“VA” shall mean the Department of Veterans Affairs.

PORTIONS OF THIS EXHIBIT WERE OMITTED AND HAVE BEEN FILED SEPARATELY WITH THE SECRETARY OF THE COMMISSION PURSUANT TO AN APPLICATION FOR CONFIDENTIAL TREATMENT UNDER RULE 406 OF THE SECURITIES ACT; [***] DENOTES OMISSIONS.

 

6

 

“Veritas Software” means that certain case management software program owned by the
Default Specialist and used in the provision of Mortgage Default Services whether or not such
program is referred to by the name “Veritas”.

“Work Product” shall mean all work product developed by the Firm, or any of its
employees or approved subcontractors (tangible, recorded or otherwise, and without regard to the
form of recordation or state of completion) in the performance of Legal Services for Clients,
whether or not the services being performed are complete.

“Work-in-Process” shall mean at any time all Work Product in the hands of the Firm
including, but not limited to, mortgage loan files, bankruptcy, foreclosure or litigation files
relating to any Client mortgage loan, working papers, narrative descriptions, reports, data, tapes,
diskettes, software (if originally provided by a Client), and all material of similar character.

1.2 Additional Terms. The terms “hereof,” “herein” and “hereunder” and terms of
similar import are references to this Agreement as a whole and not to any particular provision of
this Agreement. The term “including” as used in this Agreement is used to list items by way of
example and shall not be deemed to constitute a limitation of any term or provision contained
herein. As used in this Agreement, the singular or plural number shall be deemed to include the
other whenever the context so requires. Section, paragraph, clause, Exhibit and Schedule
references contained in this Agreement are references to sections, paragraphs, clauses and
schedules in or to this Agreement, unless otherwise specified.

ARTICLE II

SERVICES TO BE PROVIDED BY THE DEFAULT SPECIALIST

2.1 Mortgage Default Services. The Firm hereby exclusively engages the Default
Specialist, and the Default Specialist hereby agrees, to perform the Mortgage Default Services that
the Firm has determined or established as necessary and essential for the benefit of, and on behalf
of, its Clients. For all purposes under this Agreement, the term “Firm” shall include any other
law firm or lawyer that becomes affiliated with the Firm or the Restricted Party or with whom the
Restricted Party becomes affiliated. The Default Specialist hereby agrees to perform Mortgage
Default Services for the Firm on an exclusive basis throughout the Territory during the Exclusivity
Term.

2.2 Supervision of Default Specialist Personnel. The Parties intend that all
employees of the Default Specialist who are providing Mortgage Default Services pursuant to this
Agreement, shall, to the extent required by Applicable Law, work under the direct or indirect
supervision of an attorney employed by the Firm in a manner consistent with the historical
practices of the Firm. Such supervising attorney shall have the ultimate authority as to all legal
decisions regarding each file, matter, or case for which the Default Specialist is performing
Mortgage Default Services. Notwithstanding the foregoing, and in any event, the Firm agrees to
cause its attorneys to provide supervision of the employees of the Default Specialist that are
providing Mortgage Default Services in compliance with Applicable Law.

PORTIONS OF THIS EXHIBIT WERE OMITTED AND HAVE BEEN FILED SEPARATELY WITH THE SECRETARY OF THE COMMISSION PURSUANT TO AN APPLICATION FOR CONFIDENTIAL TREATMENT UNDER RULE 406 OF THE SECURITIES ACT; [***] DENOTES OMISSIONS.

 

7

 

2.3 Standard Operating Procedures. The Standard Operating Procedures shall be
formulated in compliance with all Applicable Laws. The Standard Operating Procedures shall be
amended from time to time by the Firm and the Default Specialist, in accordance with changes
in Applicable Law, or for the reasonable accommodation of reasonable requests of Clients, Investors
or Agencies, so long as any such amendments shall not materially increase the duties or
responsibilities of the Default Specialist hereunder.

2.4 Exclusivity. During the Exclusivity Term, the engagement of the Default
Specialist by the Firm shall be on an exclusive basis solely with respect to the Territory, and the
Default Specialist, in its sole discretion, may provide Mortgage Default Services to any other
Person outside of the Territory. From and after the end of the Exclusivity Term, the engagement of
the Default Specialist by the Firm shall be on a non-exclusive basis, and the Default Specialist,
in its sole discretion, may provide Mortgage Default Services to any other Person, either inside or
outside the Territory.

ARTICLE III

COMPENSATION AND REIMBURSEMENT

3.1 Fees and Reimbursement.

(a) Initial Fee Schedule. Subject to the terms and conditions of this Section 3.1, in
consideration for the performance of the Mortgage Default Services hereunder, the Default
Specialist will be compensated on a per file fee basis for files referred by the Firm to the
Default Specialist for processing in accordance with the following fee schedule (the “Fee
Schedule”):

	 	 	 	 	 
	Type of File	 	Per File Fee	 
	Foreclosure
	 	$	[***]	 
	Bankruptcy
	 	$	[***]	 
	Eviction
	 	$	[***]	 
	Litigation
	 	$	[***]	 
	REO Closing with Title
	 	$	[***]	 
	REO Closing without Title
	 	$	[***]	 

The Fee Schedule set forth above shall be in effect for a period starting on the Effective Date and
ending on September 30, 2010.

(b) Amendments to Fee Schedule.

(i) Commencing on October 1, 2010, on October 1st of each year during the Initial Term and any
Extended Term of this Agreement, each per file fee set forth on the Fee Schedule shall be adjusted
to equal that amount (the “New Fee Amount”) equal to the product of (x) the per file fee in
effect during the immediately preceding calendar year and (y) the CPI Percentage. For each year,
the New Fee Amount for each fee per file shall be submitted to the Firm in writing by the Default
Specialist on a date that is no later than thirty (30) days after the publication of the Consumer
Price Index – All Urban Consumers, U.S. City Average by the BLS for the applicable Measuring Month.
For purposes of this Agreement, for any particular year during the Initial Term and any Extended
Term of this Agreement, the “CPI Percentage” shall equal the product of (x) 100% and (y) a
fraction, the numerator of which is the Consumer Price Index – All Urban Consumers, for the South
Urban Region, Size Class A (the “CPI”) compiled
and published by the Bureau of Labor Statistics and the Department of Labor (the
“BLS”) for the United States of America for the month of August of the then current
calendar year (the “Measuring Month”) and the denominator of which is the CPI for the month
twelve (12) months prior to such Measuring Month. In the event that the CPI Percentage is less
than 100% for any particular year, the Parties agree that there shall be a decrease to the New Fee
Amount for such year. If the CPI shall be discontinued with no successor or comparable successor
index, then the Default Specialist and the Firm agree to use the Consumer Price Index – All Urban
Consumers, U.S. City Average published by the BLS or an successor index that most closely
approximates such index. If the Consumer Price Index – All Urban Consumers, U.S. City Average
shall be discontinued with no successor or comparable successor index, then the Default Specialist
and the Firm shall attempt to agree in good faith upon a substitute index or formula.

PORTIONS OF THIS EXHIBIT WERE OMITTED AND HAVE BEEN FILED SEPARATELY WITH THE SECRETARY OF THE COMMISSION PURSUANT TO AN APPLICATION FOR CONFIDENTIAL TREATMENT UNDER RULE 406 OF THE SECURITIES ACT; [***] DENOTES OMISSIONS.

 

8

 

(ii) For purposes of example only, to determine the CPI Percentage for the twelve-month period
commencing on October 1, 2010, the CPI Percentage would equal the product of (x) 100% and (y) a
fraction, the numerator of which would equal the Consumer Price Index – All Urban Consumers, for
the South Urban Region, Size Class A published by the BLS for the month of August 2010 and the
denominator of which would be the Consumer Price Index – All Urban Consumers, for the South Urban
Region, Size Class A published by the BLS for the month of August 2009.

(c) Client Related Third Party Expenses. Notwithstanding anything to the contrary herein, the
Firm agrees that it will pay all Client related third party expenses incurred by the Default
Specialist in the performance of the Mortgage Default Services hereunder, including, but not
limited to, fees paid for (i) title insurance; (ii) filing of deeds and other legal documents;
(iii) sheriff services; (iv) packaging services; and (v) court costs.

(d) Taxes. The Firm acknowledges and agrees that the per file fees set forth in the Fee
Schedule, as may be amended from time to time, do not include any applicable withholding, sales,
use, excise, services or similar tax (any such tax, a “Sales Tax”). If any Sales Tax is
assessed on the provision of any Mortgage Default Services under this Agreement, the Firm shall
either (i) pay, reimburse or indemnify the Default Specialist for such Sales Tax or (ii) provide
the Default Specialist with a certificate or other proof, reasonably acceptable to the Default
Specialist, evidencing an exemption from liability for such Sales Tax. The Parties agree to
cooperate with each other in determining the extent to which any Sales Tax is due and owing under
the circumstances, and will provide and make available to each other any resale certificate,
information regarding out of state use of materials, services or sale, and other exemption
certificates or information reasonably requested by either Party.

3.2 Invoice and Payments.

(a) Invoice. Within fifteen (15) days following the end of each calendar month during the
term of this Agreement, and any extensions or renewals thereof, the Default Specialist shall submit
an invoice to the Firm (each a “Monthly Invoice”) indicating (i) the number and types of
files referred by the Firm to the Default Specialist for processing during the preceding month, and
(ii) the total amount due to the Default Specialist for such files referred during the preceding
month; provided, however, that the Default Specialist and the Firm acknowledge and
agree that only fifty percent (50%) of the aggregate amount due with respect to Foreclosure files
referred by the Firm to the Default Specialist for processing during the preceding month shall
be due and payable by the Firm in such Monthly Invoice and that the remaining balance owed by the
Firm to the Default Specialist for such Foreclosure files shall be paid by the Firm to the Default
Specialist no later than nine (9) months after the initial due date for such Monthly Invoice.

PORTIONS OF THIS EXHIBIT WERE OMITTED AND HAVE BEEN FILED SEPARATELY WITH THE SECRETARY OF THE COMMISSION PURSUANT TO AN APPLICATION FOR CONFIDENTIAL TREATMENT UNDER RULE 406 OF THE SECURITIES ACT; [***] DENOTES OMISSIONS.

 

9

 

(b) First Invoice. The first Monthly Invoice (the “First Invoice”) shall be delivered
by the Default Specialist to the Firm as soon as practicable after the Effective Date. The amount
due on this First Invoice (the “First Invoice Amount”) shall be calculated as follows: the
sum of (i) the product of (A) the number of Foreclosure Files open as of the Effective Date,
multiplied by (B) a per file fee of $[***] for each such open Foreclosure File, plus (ii) the
product of (A) the number of all other files identified on the Fee Schedule open as of the
Effective Date, multiplied by (B) a per file fee of $[***] for each such open file. For purposes
of example only, if there were [***] Foreclosure Files and [***] other files open as of the
Effective Date, then the First Invoice Amount would be equal to $[***] (([***] x $[***])+([***] x
$[***]) = $[***]). The Firm shall pay the First Invoice Amount to the Default Specialist as
follows: (i) [***] Dollars ($[***]) shall be paid on December 1, 2009, (ii) [***] Dollars ($[***])
shall be paid on February 1, 2009, (iii) [***] Dollars ($[***]) shall be paid by offset against the
First Installment Payment pursuant to Section 2.2 of the Purchase Agreement, and (iv) the remaining
balance of the First Invoice Amount shall be paid by offset against the Second Installment Payment
pursuant to Section 2.2 of the Purchase Agreement. The Default Specialist acknowledges and agrees
that it will perform the Mortgage Default Services with respect to all files in process on the
Effective Date which are the subject of the First Invoice in exchange for payment by the Firm of
the First Invoice Amount as provided in this Section 3.2(b) and that no further amounts
will be owed by the Firm to the Default Specialist for such Mortgage Default Services to be
performed by the Default Specialist on such files other than any related third party expenses
incurred by the Default Specialist in the performance of the Mortgage Default Services pursuant to
Sections 3.1(c) or 3.1(d) hereof.

(c) Objection. The Firm shall have the right to dispute, in good faith, any Invoice, in part
or in total. The Firm will promptly notify the Default Specialist of any dispute regarding any
Invoice, and the Parties agree to use all commercially reasonable efforts to promptly resolve any
such dispute. If the Parties are unable to reach a resolution, then the Parties will choose a
mutually acceptable independent accounting firm to resolve such dispute. The decision of the
independent accounting firm shall be final as to all matters relating to such dispute, and the
Parties shall split all costs associated with the engagement of the independent accounting firm
equally. When attempting to resolve any such dispute, the Parties agree to allow the other Party
and the independent accounting firm access to all information relevant to such issue(s) in dispute,
unless such access would violate any other provision of this Agreement, the attorney client
privilege or any client secrets.

(d) Payment. The Firm shall pay each Monthly Invoice (other than the First Invoice) within
forty-five (45) days after receipt thereof.

3.3 Reasonable Value. The Firm and the Default Specialist acknowledge and agree that
the Fee Schedule and any increases thereto pursuant to Section 3.1(b), have been negotiated
at arm’s-length and represent and shall represent the reasonable value of the Mortgage Default
Services furnished by the Default Specialist pursuant to this Agreement, considering the
nature and volume of the services required. Payment of the fees pursuant to Section 3.2
hereof is not intended to be and shall not be interpreted or applied as permitting the Default
Specialist to share in the Firm’s fees for Legal Services performed by the Firm on behalf of its
Clients.

PORTIONS OF THIS EXHIBIT WERE OMITTED AND HAVE BEEN FILED SEPARATELY WITH THE SECRETARY OF THE COMMISSION PURSUANT TO AN APPLICATION FOR CONFIDENTIAL TREATMENT UNDER RULE 406 OF THE SECURITIES ACT; [***] DENOTES OMISSIONS.

 

10

 

ARTICLE IV

AFFIRMATIVE COVENANTS OF THE FIRM

4.1 Exclusive Use of the Default Specialist for Mortgage Default Services. During the
term of this Agreement and any extensions or renewals thereof, the Firm shall engage only the
Default Specialist to provide Mortgage Default Services on behalf of any Client in the Territory,
and shall not retain, hire, employ, use or engage any other Person to provide Mortgage Default
Services. The Default Specialist shall be entitled to obtain injunctive relief against the breach
or threatened breach of the obligations of the Firm set forth in this Section 4.1 without
the posting of any bond or other security.

4.2 Notification to and Consents from Clients. In accordance with Applicable Law and
any Engagement Letter, the Firm shall notify and, where required by the terms or conditions of any
Engagement Letter, obtain the consent of its existing Clients and any new Clients of the Firm’s
intention to use the Default Specialist to provide Mortgage Default Services.

4.3 Supervision of Default Specialist. The Firm agrees to cause its attorneys to
provide supervision of the employees of the Default Specialist that are providing Mortgage Default
Services in compliance with Applicable Law.

4.4 Support of the Default Specialist. Pursuant to the Sublease Agreements, the Firm
shall permit employees of the Default Specialist to (i) utilize its office space, as the Parties
shall mutually determine, acting reasonably and in good faith, and (ii) provide access to, and the
authorized use of, all software and assets owned or licensed by the Firm needed by the Default
Specialist to operate the Business and to adequately and efficiently provide the Mortgage Default
Services to the Firm and its Clients; provided, however, that all office furniture,
office equipment (including, but not limited to, telephones, computers and copiers), office
supplies and all other normal and customary office products associated with or required to perform
the Mortgage Default Services contemplated by this Agreement (collectively, the “Office
Products”) shall be the responsibility of the Default Specialist. Notwithstanding the
foregoing, the Firm shall have no responsibility for any Employee Expenses. The Firm shall provide
to the Default Specialist in a timely manner file count reports in a form consistent with, and
using the same methodology as, the file count reports generated by the Firm for its own account
prior to the date of this Agreement.

4.5 Compliance With Law; Adherence to Professional Standards.

(a) Professional Ethical Requirements. From and after the Effective Date, the Firm shall
fully inform the Default Specialist of all professional ethical responsibilities relating to the
Practice of Law (and any changes thereto), as the same may be applicable to any Mortgage Default
Services performed by the Default Specialist under this Agreement. The Firm will inform the
Default Specialist of and cooperate with the Default Specialist to assure that any
confidences and secrets of Clients will be protected and maintained to the full extent
required by any professional ethics rules applicable to the Practice of Law.

PORTIONS OF THIS EXHIBIT WERE OMITTED AND HAVE BEEN FILED SEPARATELY WITH THE SECRETARY OF THE COMMISSION PURSUANT TO AN APPLICATION FOR CONFIDENTIAL TREATMENT UNDER RULE 406 OF THE SECURITIES ACT; [***] DENOTES OMISSIONS.

 

11

 

(b) Compliance with Applicable Laws. The Firm shall perform Legal Services diligently,
conscientiously and in a manner consistent with professional and ethical standards and in
compliance with all Applicable Laws, including laws and professional ethical rules and requirements
applying to the legal profession, and requirements of the Agencies. It is expressly acknowledged
by the Parties that all Legal Services provided by the Firm shall be performed solely by licensed
attorneys or under the direct supervision and control of licensed attorneys. Each of the attorneys
working for the Firm shall be licensed to practice law in the State of Florida, and any other state
or federal district in which such attorney renders Legal Services. The Firm shall require that all
attorneys who are licensed and in good standing as lawyers with the applicable licensing
authorities in one or more states and who perform the Practice of Law who are employees of the Firm
comply with Applicable Laws, including, but not limited to, all applicable ethical standards and
rules of professional responsibility relating to the Practice of Law.

4.6 Maintenance of Malpractice Insurance. During the term of this Agreement and any
extensions or renewals thereof, and except as otherwise provided herein, the Firm shall maintain
legal malpractice insurance policies (the “Malpractice Insurance Policies”) in at least the
same amount as provided for by the Firm’s current Malpractice Insurance Policies issued by an
insurance carrier with an A.M. Best rating of “A” or better. The Firm represents and warrants that
the Malpractice Insurance Policies are in full force and effect and the Firm is not in default
under any of them and no claim for coverage thereunder has been denied under any such current
Malpractice Insurance Policies with respect to any matter. At the request of the Default
Specialist from time to time, the Firm shall furnish the Default Specialist with a copy of the
certificate of insurance evidencing the coverage under such Malpractice Insurance Policies and the
Firm agrees that no such Malpractice Insurance Policies may be cancelled or the amount of coverage
under such Malpractice Insurance Policies reduced without thirty (30) days prior written notice to
the Default Specialist.

ARTICLE V

AFFIRMATIVE COVENANTS OF THE DEFAULT SPECIALIST

5.1 Hiring and Maintenance of Default Specialist Workforce; Compensation. The Default
Specialist shall employ or otherwise retain and be responsible for selecting, hiring, training and
supervising all personnel necessary or appropriate for the operation of the Default Specialist and
the provision of Mortgage Default Services to the Firm (the “Default Specialist
Workforce”). All employee and employment benefit matters shall be the responsibility of the
Default Specialist, including, but not limited to, the number, nature, type and compensation of the
Default Specialist Work Force and all administrative or governmental filings regarding employment.
The Default Specialist shall have sole responsibility for the Employee Expenses (including any such
expenses associated with the Default Specialist’s employment of the Restricted Party).

PORTIONS OF THIS EXHIBIT WERE OMITTED AND HAVE BEEN FILED SEPARATELY WITH THE SECRETARY OF THE COMMISSION PURSUANT TO AN APPLICATION FOR CONFIDENTIAL TREATMENT UNDER RULE 406 OF THE SECURITIES ACT; [***] DENOTES OMISSIONS.

 

12

 

5.2 Office Products. The Default Specialist shall provide, at its sole expense, all
Office Products to its employees in connection with its obligations under this Agreement, and
shall have sole responsibility for the maintenance and insurance of such personalty, subject
to the terms of the Sublease Agreements.

5.3 Performance of Mortgage Default Services. Default Specialist shall perform the
Mortgage Default Services in a manner substantially consistent with the historical practices of the
Firm.

5.4 Prohibition Against Providing Legal Services. The Parties acknowledge that the
Default Specialist is not authorized or qualified to engage in any activity which under Applicable
Laws may only be performed by licensed attorneys and that nothing herein shall be construed as
permitting or authorizing the Default Specialist to provide Legal Services to Clients.
Notwithstanding anything to the contrary in this Agreement, to the extent any act or service
required of the Default Specialist is construed or deemed to constitute the provision of Legal
Services, the Default Specialist is released from any obligation to provide, and the Firm shall be
deemed not to have requested the Default Specialist to provide, such act or service.

5.5 Independence of the Firm. The Firm will be the exclusive provider of Legal
Services to Clients under this Agreement and the Firm shall have complete and absolute control over
the methods by which the Practice of Law is conducted by the Firm. All matters involving the
internal management, control, or finances of the Firm shall remain the sole responsibility of the
Firm and its partners, and the Default Specialist shall have no authority whatsoever over the Firm
as it relates to its Practice of Law.

5.6 Maintenance of E & O Insurance. During the term of this Agreement and any
extensions or renewals thereof, the Default Specialist shall maintain errors and omissions
insurance policies with policy limits of at least $5 million per occurrence and $5 million in the
aggregate, issued by an insurance carrier with an A. M. Best rating of “A” or better. 

ARTICLE VI

CERTAIN COVENANTS OF BOTH PARTIES

6.1 Records. The Parties shall maintain accurate books and records regarding the
provision of Mortgage Default Services to the Firm by the Default Specialist, in compliance with
all Applicable Laws, and shall retain such records for not less than five (5) years or for such
longer period as may be required under Applicable Law, including any securities laws applicable to
Default Specialist or its Affiliates.

6.2 Transition to Veritas. The Firm shall use its commercially reasonable efforts to
cooperate with the Default Specialist in the adaptation of the Veritas Software for use by the Firm
after the Effective Date.

PORTIONS OF THIS EXHIBIT WERE OMITTED AND HAVE BEEN FILED SEPARATELY WITH THE SECRETARY OF THE COMMISSION PURSUANT TO AN APPLICATION FOR CONFIDENTIAL TREATMENT UNDER RULE 406 OF THE SECURITIES ACT; [***] DENOTES OMISSIONS.

 

13

 

ARTICLE VII

CONFIDENTIALITY; INTELLECTUAL PROPERTY

7.1 Protection of the Default Specialist’s Confidential Information.

(a) Confidential Information. All confidential information, proprietary information and
rights, and trade secrets of the Default Specialist (the “Default Specialist Confidential 
Information”), shall be safeguarded and treated as confidential by the Firm. Default
Specialist Confidential Information includes, but is not limited to, records, files, electronic
records, documents, bulletins, publications, manuals, financial data and information, marketing
plans and proposals, accounting control procedures and any information relating to and concerning
the identity of customers, prospects, suppliers, employees and manner of operations of the Default
Specialist. Default Specialist Confidential Information shall also include specifications,
software code (including, but not limited to, the Veritas Software program owned by the Default
Specialist), design, materials, documentation, flow charts, diagrams, schematics, data, databases,
and business and production methods and techniques of the Default Specialist and all other
confidential information, proprietary information and rights, and trade secrets of the Default
Specialist. However, the Work Product, Work-in-Process and Client files of the Firm shall not in
any event constitute Default Specialist Confidential Information.

(b) Nondisclosure of Confidential Information. The Firm recognizes and acknowledges that the
Default Specialist Confidential Information is valuable, special and unique and that the protection
of Default Specialist Confidential Information is critical to the Default Specialist and its
ability to maintain its competitive advantage over its competitors. In furtherance thereof, the
Firm shall use Default Specialist Confidential Information solely in conjunction with this
Agreement. Without the express written consent of the Default Specialist, the Firm shall not at
any time disclose or use Default Specialist Confidential Information to any Person except in
furtherance of this Agreement.

(c) Disclosure under Court Order. Notwithstanding the foregoing restrictions, the Firm may
use and disclose any Default Specialist Confidential Information to the extent required by an order
of any Governmental Body, but only after the Default Specialist has been so notified and has had
the opportunity, if possible, to obtain reasonable protection for such information in connection
with such disclosure, or in connection with any dispute between the Firm and the Default
Specialist. The Firm shall cooperate fully with the Default Specialist in connection with
obtaining any protective order or other appropriate remedy.

7.2 Protection of Firm Confidential Information.

(a) Confidential Information. All confidential information, proprietary information and
rights and trade secrets of the Firm (“Firm Confidential Information”), shall be
safeguarded and treated as confidential by the Default Specialist. Firm Confidential Information
includes, but is not limited to any records, files, electronic records, documents, bulletins,
publications, manuals, financial data and information, marketing plans and proposals, accounting
control procedures, information relating to Clients, customers, prospects, suppliers, employees and
manner of operations of the Firm, Work Product, Work-in-Process and any information of or
pertaining to a Client that is confidential or privileged pursuant to any contract, statute,
regulation, rule, code or legal precedent. Firm Confidential Information shall also include
specifications, software code (including, but not limited to, the PREO Software), design,
materials, documentation, flow charts, diagrams, schematics, data, databases and business and
production methods and techniques of the Firm and all other confidential information, proprietary
information and rights and trade secrets of the Firm.

PORTIONS OF THIS EXHIBIT WERE OMITTED AND HAVE BEEN FILED SEPARATELY WITH THE SECRETARY OF THE COMMISSION PURSUANT TO AN APPLICATION FOR CONFIDENTIAL TREATMENT UNDER RULE 406 OF THE SECURITIES ACT; [***] DENOTES OMISSIONS.

 

14

 

(b) Nondisclosure of Confidential Information. The Default Specialist recognizes and
acknowledges that Firm Confidential Information is valuable, special and unique and that the
protection of Firm Confidential Information is critical to the Firm. In furtherance thereof, the
Default Specialist shall use Firm Confidential Information solely in conjunction with this
Agreement. Without the express written consent of the Firm, the Default Specialist shall not at
any time disclose or use Firm Confidential Information to any Person except in furtherance of this
Agreement.

(c) Disclosure under Court Order. Notwithstanding the foregoing restrictions, the Default
Specialist may use and disclose any Firm Confidential Information to the extent required by an
order of any Governmental Body, but only after the Firm has been so notified and has had the
opportunity, if possible, to obtain reasonable protection for such information in connection with
such disclosure. The Default Specialist shall cooperate fully with the Firm in connection with
obtaining any protective order or other appropriate remedy.

7.3 Confidentiality of Third Party Information.

(a) Confidentiality of Third Party Confidential Information. The Parties recognize that each
Party has received and in the future may receive confidential or proprietary information of Clients
and other third parties and such information is subject to a duty on the part of the recipient to
maintain the confidentiality of such information and to use it only for certain limited purposes.
The Parties agree at all times during the term of this Agreement and thereafter, to hold such
information in strictest confidence, and not to use it or disclose it to any Person, except as
necessary in connection with the Firm’s performance of Legal Services, or the performance of
Mortgage Default Services by the Default Specialist, consistent with their respective agreements
with, or obligations under Applicable Law to, such Clients or other third parties.

(b) Covenant Against Disclosure. Each Party agrees to use commercially reasonable efforts to
safeguard the confidential material and to prevent the unauthorized, negligent or inadvertent use
or disclosure thereof.

7.4 Exceptions to Definition of Confidential Information. The obligations of the
Parties to treat any information as proprietary and confidential under this Article VII
shall not apply to information which (i) is publicly available or (ii) is obtained from a third
party that is not bound, to the knowledge of the receiving party, by an obligation of
confidentiality.

7.5 Remedies. The Parties acknowledge that disclosure of any confidential material
could give rise to irreparable injury to the Parties and that such injury may be inadequately
compensable in damages. Accordingly, the Firm or the Default Specialist, as applicable, is entitled
to obtain injunctive relief against the breach or threatened breach of the undertakings set forth
in Sections 7.1, 7.2 and 7.3 without the posting of any bond or other
security. This relief shall not be exclusive of, and shall be in addition to, any other remedies
available at law or equity.

7.6 Ownership of Intellectual Property. The Firm acknowledges and agrees that the
Default Specialist owns the worldwide right, title, and interest in and to any and all inventions,
original works of authorship, findings, conclusions, ideas, data, databases, flowcharts, scripts,
discoveries, developments, concepts, improvements, techniques, processes and know-how, whether
or not patentable or registrable under copyright or similar laws, created or developed prior to the
date of this Agreement which relate to the provision of Mortgage Default Services including all
patent rights, copyrights, trademarks, know-how and trade secrets, or other intellectual property
rights related thereto and all modifications, improvements or changes thereto (the “Default
Specialist Intellectual Property”).

PORTIONS OF THIS EXHIBIT WERE OMITTED AND HAVE BEEN FILED SEPARATELY WITH THE SECRETARY OF THE COMMISSION PURSUANT TO AN APPLICATION FOR CONFIDENTIAL TREATMENT UNDER RULE 406 OF THE SECURITIES ACT; [***] DENOTES OMISSIONS.

 

15

 

7.7 License of the Default Specialist Intellectual Property. During the term of this
Agreement, the Default Specialist hereby grants the Firm a nonexclusive, worldwide, and
royalty-free license to use the Default Specialist Intellectual Property for the benefit of
Clients, subject to the following terms, conditions, and restrictions:

(a) The license granted pursuant to this Section 7.7 authorizes only the Firm and its
authorized employees and any agents or contractors to use the Default Specialist Intellectual
Property.

(b) No part or portion of the Default Specialist Intellectual Property may be sublicensed,
copied, reproduced or duplicated by any means, or translated into machine language by the Firm,
without the prior express written permission of the Default Specialist, except that the Firm may
make those copies of the Default Specialist Intellectual Property necessary for non-productive
back-up purposes only.

(c) The Firm’s license and right to use the Default Specialist Intellectual Property under the
terms of this Agreement shall commence on the Effective Date and shall continue until the
termination of this Agreement.

7.8 No License of PREO Software. Nothing herein shall grant to the Default Specialist
any license or other right to use the PREO Software and the Default Specialist acknowledges and
agrees that it has no right, title or interest of any kind in the PREO Software.

7.9 Disclosure. Notwithstanding anything in this Agreement which may imply the
contrary, the Default Specialist and its Affiliates may (i) disclose the existence of this
Agreement and the terms and conditions hereof and/or (ii) file a copy of this Agreement, to the
extent determined by Default Specialist and its Affiliates to be required by Applicable Law,
including, but not limited to, any applicable securities laws or stock exchange requirements.

ARTICLE VIII

RESTRICTIVE COVENANTS

8.1 Restrictive Covenants of the Firm. As additional consideration for the Default
Specialist entering into this Agreement with the Firm and as additional consideration for the
Default Specialist to purchase the Purchased Assets and to assume the Assumed Liabilities from the
Firm pursuant to the Purchase Agreement, the Firm and the Restricted Party covenant with the
Default Specialist as follows (with such covenants being collectively referred to below as the
“Restrictive Covenants”):

(a) Non-Compete. During the term of this Agreement (including any extensions or renewals
thereof), and for a period of two (2) years following termination of this Agreement (the
“Restricted Period”), none of the Firm, the Restricted Party or any of their
respective Affiliates shall directly or indirectly, without the prior written consent of the
Default Specialist, purchase, join, control, invest in, organize, start or form, or contract with,
any business or Person that will provide Mortgage Default Services anywhere in the State of Florida
(the “Territory”). In addition, during the Restricted Period, the Firm shall be prohibited
from effecting a merger or consolidation of the Firm with or into any other entity which is
effected with a principal purpose of acquiring Mortgage Default Services capabilities for the Firm.
Notwithstanding the foregoing, nothing contained in this Section 8.1(a) shall restrict, in
any way, the Firm’s or the Restricted Party’s ability to provide or perform Legal Services to
Clients of the Firm.

PORTIONS OF THIS EXHIBIT WERE OMITTED AND HAVE BEEN FILED SEPARATELY WITH THE SECRETARY OF THE COMMISSION PURSUANT TO AN APPLICATION FOR CONFIDENTIAL TREATMENT UNDER RULE 406 OF THE SECURITIES ACT; [***] DENOTES OMISSIONS.

 

16

 

(b) Non-Solicitation. During the Restricted Period, without the prior written consent of the
Default Specialist, none of the Firm, the Restricted Party, or any of their respective Affiliates
shall, direct or indirectly, whether alone or in connection with any other Person, hire, recruit or
employ, or solicit or otherwise seek to hire, recruit, or employ, any employee or independent
contractor of the Default Specialist (i) who is then employed or engaged by the Default Specialist
or (ii) who was employed or engaged by the Default Specialist within the six (6) month period prior
to such contact.

8.2 Blue-Pencil. If any court of competent jurisdiction or any other Governmental
Body shall at any time deem the term of any particular restrictive covenant contained in
Section 8.1 too lengthy or the Territory too extensive, the other provisions of this
Article VIII shall nevertheless stand, and the Restricted Period and/or the Territory shall
be reduced to such duration or size as such court or Governmental Body shall determine to be
permissible.

8.3 Remedies. The Firm and the Restricted Parties each acknowledge that any breach of
any of the Restrictive Covenants could give rise to irreparable injury to the Default Specialist
and that such injury may be inadequately compensable in damages. Accordingly, the Parties agree
that the Default Specialist shall be entitled to obtain injunctive relief against the breach or
threatened breach of the undertakings set forth in Section 8.1 without the posting of any
bond or other security. This relief shall not be exclusive of, and shall be in addition to, any
other remedies available at law or equity.

ARTICLE IX

TERM AND TERMINATION

9.1 Initial Term. The initial term of this Agreement shall be for a period of twenty
(20) years, commencing as of the date hereof and ending at midnight on the twentieth anniversary of
the date hereof (the “Initial Term”).

9.2 Automatic Ten Year Extensions. This Agreement shall be automatically extended for
up to two (2) separate and successive ten (10) year periods (with each such successive ten (10)
year period being referred to herein as an “Extended Term”) unless, and only if at least
one (1) year prior to the expiration of the Initial Term or, if applicable, at least one (1) year
prior to the expiration of the Extended Term then in effect, either Party shall give the other
written notice of its intention not to extend the Initial Term or, if applicable, the Extended Term
then in effect.

PORTIONS OF THIS EXHIBIT WERE OMITTED AND HAVE BEEN FILED SEPARATELY WITH THE SECRETARY OF THE COMMISSION PURSUANT TO AN APPLICATION FOR CONFIDENTIAL TREATMENT UNDER RULE 406 OF THE SECURITIES ACT; [***] DENOTES OMISSIONS.

 

17

 

9.3 Termination for Breach. Upon any Party hereto (the “Non-breaching Party”)
becoming aware of a Material Breach of this Agreement by any other Party (the “Breaching
Party”), the Non-breaching Party shall provide to the Breaching Party a written notice
describing such Material Breach. The Breaching Party shall have a sixty (60) day period within
which to cure such Material Breach. If the Breaching Party has not cured such Material Breach
within such period, the Non-breaching Party may terminate this Agreement. Nothing in this
Section 9.3 shall prejudice or otherwise restrict the Non-breaching Party in the exercise
of any of its other remedies under this Agreement or Applicable Law.

9.4 Termination for Insolvency. In the event a Party shall become Insolvent, the
other Party hereto may immediately terminate this Agreement upon written notice to the Insolvent
Party.

9.5 Provisions Applicable Upon Any Termination of this Agreement.

(a) Payment of Fees. Notwithstanding any contrary provision contained in this Agreement, upon
the expiration of the Initial Term or any Extended Term of this Agreement, or upon any earlier
termination of this Agreement pursuant to any of the termination provisions contained in this
Agreement, the Default Specialist shall continue to collect and receive all compensation,
reimbursement, and payment due for all Mortgage Default Services provided prior to the effective
date of the expiration or the termination of this Agreement.

(b) Default Specialist Proprietary Information. Upon any termination of this Agreement, the
Firm shall immediately discontinue the use of and shall promptly return all Default Specialist
Confidential Information that has been made available to the Firm by reason of participation herein
and shall return all such property, together with any copies thereof in its possession, to the
Default Specialist.

(c) Firm Proprietary Information. Upon any termination of this Agreement, the Default
Specialist shall immediately discontinue the use of and shall promptly return all Firm Confidential
Information that has been made available to the Default Specialist by reason of participation
herein and shall return all such property, together with any copies thereof in its possession, to
the Firm.

(d) Access to Records. The Firm shall provide to the Default Specialist access, at reasonable
times and upon reasonable request, to records relating to the Legal Services provided in connection
with any Mortgage Default Services the Default Specialist performed for the Firm, for a period
ending one year after the later of (i) expiration of the applicable statute of limitations for any
claim which may be asserted against the Default Specialist arising from the activities pursuant to
this Agreement, or (ii) conclusion of all matters relating to such claim.

(e) Return of Work Product. Upon termination of this Agreement, or upon any Client’s earlier
request, the Firm will ensure, and the Default Specialist will cooperate with the Firm in ensuring,
that all Work Product and Work-in-Process, or any lesser part designated by the Firm or any Client
in writing, shall be returned by the Default Specialist to the Firm or such Client (it being
understood and agreed that the Default Specialist shall have no obligation to
return any work product developed or arising out of the clerical, technical, administrative
and other non-legal services performed by it pursuant to the terms hereof).

PORTIONS OF THIS EXHIBIT WERE OMITTED AND HAVE BEEN FILED SEPARATELY WITH THE SECRETARY OF THE COMMISSION PURSUANT TO AN APPLICATION FOR CONFIDENTIAL TREATMENT UNDER RULE 406 OF THE SECURITIES ACT; [***] DENOTES OMISSIONS.

 

18

 

ARTICLE X

CHANGES

10.1 Changes. In the event (a) any Applicable Laws or any interpretations thereof, or
any requirements of Clients, Agencies or Investors at any time during the term of this Agreement
are modified, implemented, threatened to be implemented, or determined to prohibit, restrict or in
any way materially change the method of providing or paying for Mortgage Default Services as
described in or contemplated by this Agreement, or (b) the manner of providing Mortgage Default
Services, including the nature of the relationship or services involved in foreclosures that are
the subject of the Mortgage Default Services, is required to change in any material respect to meet
market demands for services of the type rendered by the Firm, which change, in either case, has or
could reasonably be expected to have a material adverse effect on the ability of either the Firm or
the Default Specialist to engage in commercial activity consistent with and in furtherance of its
business plans (all of the foregoing being hereinafter collectively referred to as
“Changes,” and individually, a “Change”), then the Parties to this Agreement shall
negotiate in good faith to amend this Agreement as necessary to provide for procurement of services
and payment hereunder, while at the same time preserving the economic expectations of the Parties
as set forth herein, to the fullest extent reasonably possible. To the extent any act or service
required of the Default Specialist in this Agreement should be construed or deemed, by any
Applicable Law or Governmental Body to constitute the provision of Legal Services, the performance
of said act or service by the Default Specialist shall be deemed waived and forever unenforceable
and the provisions of this Section 10.1 shall be applicable. Neither Party shall claim or
assert illegality as a defense to the enforcement of this Agreement or any provision hereof;
instead, any such purported illegality shall be resolved pursuant to the terms of this Section
10.1.

ARTICLE XI

INDEPENDENT RELATIONSHIP

11.1 Independent Contractor Status. Each of the Parties acknowledges that each is an
independent contractor and not an agent, employee or representative of the other. This Agreement
shall not create any partnership or joint venture between the Parties.

11.2 No Referral Arrangements. The Parties hereby acknowledge and agree that no
benefits to the Default Specialist hereunder require or are in any way contingent upon the
recommendation, referral or any other arrangement by the Default Specialist for the provision of
any Legal Services or other service offered by the Firm.

11.3 No Restriction on the Default Specialist Expansion. The Default Specialist (and
its Affiliates) may from time to time (i) be engaged by the Firm and any other Person to perform
services which are not included in or related to the Mortgage Default Services, or (ii) invest in
or engage in businesses wholly unrelated to the Mortgage Default Services; provided,
however, the Default Specialist shall not provide any Legal Services. Nothing in this
Agreement shall be construed to preclude the Default Specialist from providing services the same as
or similar to
those provided under this Agreement to other customers of the Default Specialist during the
term of this Agreement; provided, however, that, during the Exclusivity Term only,
the Default Specialist may only provide Mortgage Default Services within the Territory to the Firm.

PORTIONS OF THIS EXHIBIT WERE OMITTED AND HAVE BEEN FILED SEPARATELY WITH THE SECRETARY OF THE COMMISSION PURSUANT TO AN APPLICATION FOR CONFIDENTIAL TREATMENT UNDER RULE 406 OF THE SECURITIES ACT; [***] DENOTES OMISSIONS.

 

19

 

11.4 Referrals From Others than the Firm. The Default Specialist may from time to
time (i) be engaged by other Persons to perform Mortgage Default Services; (ii) enter into
agreements similar to this Agreement with other Persons; and (iii) enter into co-engagements with
other law firms which will provide Legal Services for the Default Specialist customers, in all
cases without the necessity of obtaining approval from the Firm, except that during the Exclusivity
Term, any such actions described in clauses (i), (ii) and (iii) in this Section 11.4 which are
proposed to be taken by the Default Specialist in the Territory shall require the prior written
approval of the Firm.

ARTICLE XII

INDEMNIFICATION; LIMITATIONS OF LIABILITY

12.1 No Consequential Damages. IN NO EVENT SHALL EITHER PARTY BE LIABLE TO THE OTHER
PARTY FOR INDIRECT, INCIDENTAL, CONSEQUENTIAL OR SIMILAR DAMAGES EVEN IF THE LIKELIHOOD OF SUCH
DAMAGES IS KNOWN TO SUCH PARTY.

12.2 Costs of Enforcement. If either Party files suit in any court against the other
Party to enforce the terms of this Agreement against the other Party or to obtain performance by
the other Party hereunder, the Prevailing Party will be entitled to recover all reasonable costs,
including Reasonable Attorneys’ Fees, from the other Party as part of any judgment in such suit.
The term “Prevailing Party” shall mean the Party in whose favor final judgment after appeal
(if any) is rendered with respect to the claims asserted in the complaint.

12.3 Force Majeure. No Party hereto shall be liable for delay or default in
performing hereunder (other than a delay or default in payment of any monies due to the other
Party) if such performance is delayed or prevented by a Force Majeure Condition.

12.4 Indemnification of the Firm by the Default Specialist. Subject to the
limitations of Sections 12.1 and 12.7, the Default Specialist shall indemnify,
defend and hold harmless the Firm and its officers, directors, employees, members, and
equityholders from and against any claims, damages, losses, liabilities, costs and expenses,
including Reasonable Attorneys’ Fees (collectively, the “Firm Damages”) arising out of or
incurred in connection with (i) the failure of the Default Specialist to perform the Mortgage
Default Services in accordance with this Agreement, including any Firm Damages incurred by the Firm
arising out of the Default Specialist’s obligations under Article V above, (ii) any breach
of this Agreement by the Default Specialist, or (iii) any disclosure of Firm Confidential
Information; provided, however, that the Default Specialist will not be liable for
indemnification hereunder to the extent that the claim, damage, loss, liability, or expense results
from the willful misconduct or negligence of the Firm or any of its officers, directors, employees,
members, and equityholders; and provided, further, that the maximum obligations for
Firm Damages under this Section 12.4 shall be limited to Five Hundred Thousand Dollars
($500,000) per action or omission that gives rise to any such indemnification claim and an
aggregate cap totaling Five Million Dollars ($5,000,000) during the
entire term of this Agreement, including the Initial Term and any Extended Term. Such right of
indemnification under this Section 12.4 will survive the termination of this Agreement.

PORTIONS OF THIS EXHIBIT WERE OMITTED AND HAVE BEEN FILED SEPARATELY WITH THE SECRETARY OF THE COMMISSION PURSUANT TO AN APPLICATION FOR CONFIDENTIAL TREATMENT UNDER RULE 406 OF THE SECURITIES ACT; [***] DENOTES OMISSIONS.

 

20

 

12.5 Indemnification of the Default Specialist by the Firm. Subject to the
limitations of Sections 12.1 and 12.7, the Firm acknowledges that the Firm is
responsible for the supervision, as may be required by Applicable Law, of the employees of the
Default Specialist providing Mortgage Default Services to the Firm on behalf of the Clients
pursuant to this Agreement. The Firm shall indemnify, defend and hold the Default Specialist and
its officers, directors, employees, members, and equityholders harmless from and against any
claims, damages, losses, liabilities, costs and expenses, including Reasonable Attorneys’ Fees
which may be imposed upon, incurred by or asserted against the Default Specialist or such other
indemnified Persons in any manner arising out of (i) the provision of Mortgage Default Services by
the Default Specialist to the Firm pursuant to this Agreement in connection with the failure of an
attorney employed by the Firm to properly supervise the employees of the Default Specialist or as a
result of complying with such supervising attorney’s direction or supervision, (ii) any breach of
or default under any Engagement Letter as a result of the referral of files by the Firm to the
Default Specialist pursuant to this Agreement, (iii) any breach of this Agreement by the Firm, (iv)
any disclosure of Default Specialist Confidential Information, (v) any disclosure of any
information contained in any file or otherwise disclosed by the Firm or its employees or agents in
contravention or violation of any Engagement Letter, Applicable Law or other obligation to any
other Person or (vi) the access provided to, or the use of, any software and assets owned or
licensed by the Firm to the Default Specialist in contravention or violation of (A) any contract,
license, lease, agreement or other arrangement to which the Firm is a party or is subject to or (B)
Applicable Law; provided that, the Firm will not be liable for indemnification hereunder to the
extent that the claim, damage, loss, liability or expense results from the willful misconduct or
negligence of the Default Specialist or any of its officers, directors, employees, members and
equityholders (other than by the Restricted Party in his capacity as an officer and employee of the
Default Specialist). Such right of indemnification under this Section 12.5 will survive
the termination of this Agreement, and shall be limited to Five Hundred Thousand Dollars ($500,000)
per action or omission that gives rise to any such indemnification claim and an aggregate cap
totaling Five Million Dollars ($5,000,000) during the entire term of this Agreement, including the
Initial Term and any Extended Term.

12.6 Indemnification Procedures. Promptly upon becoming aware of any matter which is
subject to the provisions of Sections 12.4 or 12.5 (a “Claim”), any Person
seeking indemnification (an “Indemnified Party”) must give notice of the Claim to the other
Party (the “Indemnifying Party”), accompanied by a copy of any written documentation
regarding the Claim received by the Indemnified Party. The Indemnified Party shall also provide
reasonable cooperation and information to assist the Indemnifying Party in the defense or
settlement of any Claim. If the Indemnified Party fails to notify the Indemnifying Party of the
Claim promptly or to provide reasonable cooperation and information to defend or settle the Claim,
the Indemnifying Party shall not be required to indemnify the Indemnified Party to the extent that
such failure prejudices the Indemnifying Party’s ability to defend or settle the Claim. The
Indemnifying Party, at its sole option, may take whatever action it deems reasonable and
appropriate in the handling, defense, or settlement of any Claim, subject to the terms of any
applicable insurance policy. The Indemnifying Party will notify the Indemnified Party in writing of
any proposed settlement of a Claim, and shall not settle any Claim without the prior written
consent of the Indemnified Party, which such consent shall not be unreasonably withheld,
conditioned or delayed. The Indemnified Party shall not settle any Claim without the prior written
consent of the Indemnifying Party.

PORTIONS OF THIS EXHIBIT WERE OMITTED AND HAVE BEEN FILED SEPARATELY WITH THE SECRETARY OF THE COMMISSION PURSUANT TO AN APPLICATION FOR CONFIDENTIAL TREATMENT UNDER RULE 406 OF THE SECURITIES ACT; [***] DENOTES OMISSIONS.

 

21

 

12.7 Limitation on Indemnification. No claim for indemnification by an Indemnified
Party pursuant to Sections 12.4 or 12.5 shall be payable unless and until the
aggregate amount of all Damages incurred by the Indemnified Party under Sections 12.4 or
12.5 exceeds Twenty-Five Thousand Dollars ($25,000.00), after which the Indemnified Party
may seek indemnification for the full amount of such claims.

12.8 Sole and Exclusive Remedy. Except as otherwise expressly set forth in this
Agreement, the Parties agree that the indemnification set forth in this Article XII shall
be the sole and exclusive remedy for breaches of the representations, warranties, covenants and
agreements described herein.

ARTICLE XIII

MISCELLANEOUS

13.1 No Other Agreement. The terms and conditions set forth in this Agreement are
those adopted by the Parties after extensive study and discussion and supersede all other
agreements, contracts, statements, courses of conduct, and expressions of intent which may have
previously existed between the Parties. This Agreement, including the appendices, Schedules and
Exhibits attached hereto and made a part hereof for all purposes, represent the entire agreement
between the Parties with respect to the subject matter herein.

13.2 Notices. All notices, requests, demands, waivers and other communication
required or permitted to be given under this Agreement shall be in writing and shall be deemed to
have been duly given if (a) delivered personally; (b) sent by registered or certified mail, return
receipt requested, postage prepaid; or (c) sent by next-day or overnight courier or delivery to the
applicable address set forth below, as set forth below or, in each case, at such other address as
may be specified in writing to the other Party:

If to the Default Specialist:

American Processing Company, LLC

c/o Dolan Media Company

Attn : James P. Dolan

222 South Ninth Street, Suite 2300

Minneapolis, Minnesota 55402

with a copy to:

Katten Muchin Rosenman LLP

Attn: Walter S. Weinberg, Esq.

525 West Monroe Street

Chicago, Illinois 60661-3693

If to Firm:

Albertelli Law

Attention: James E. Albertelli

208 North Laura Street, Suite 900

Jacksonville, Florida 32202

with a copy to:

Smith Hulsey & Busey

Attention: Stephen D. Moore, Jr., Esq.

225 Water Street, Suite 1800

Jacksonville, Florida 32202

PORTIONS OF THIS EXHIBIT WERE OMITTED AND HAVE BEEN FILED SEPARATELY WITH THE SECRETARY OF THE COMMISSION PURSUANT TO AN APPLICATION FOR CONFIDENTIAL TREATMENT UNDER RULE 406 OF THE SECURITIES ACT; [***] DENOTES OMISSIONS.

 

22

 

All such notices, requests, demands, waivers and other communications shall be deemed to have
been received (x) if by personal delivery on the date after such delivery, (y) if by certified or
registered mail, on the third business day after the mailing thereof or (z) if by next-day or
overnight courier or delivery, on the date of such delivery.

13.3 Governing Law. This Agreement will be governed by and construed in accordance
with the laws of the State of Delaware, without giving effect to its conflict of laws principles.

13.4 Captions. The captions used in this Agreement are for convenience of reference
only and do not constitute a part of this Agreement and will not be deemed to limit, characterize
or in any way affect the meaning or interpretation of any provision of this Agreement, and all
provisions of this Agreement will be enforced and construed as if no caption had been used in this
Agreement.

13.5 Severability. If any covenant, agreement, provision or term of this Agreement is
held to be invalid for any reason whatsoever, then such covenant, agreement, provision or term will
be deemed severable from the remaining covenants, agreements, provisions and terms of this
Agreement and will in no way affect the validity or enforceability of any other provision of this
Agreement.

13.6 Due Authorization. Each Party warrants that the terms of this Agreement and its
execution, delivery and performance have been duly authorized and approved by all necessary action
of each Party.

13.7 Counterparts. The Parties may execute this Agreement in separate counterparts,
each of which shall be deemed an original and all of which together will constitute one and the
same instrument. To the extent signed and delivered by means of a facsimile machine or other
electronic transmission (including transmission in portable document format by electronic mail),
this Agreement shall be treated in all manners and respects and for all purposes as an original and
shall have the same binding legal effect as if it were the original signed version thereof
delivered in person. None of the undersigned shall raise the use of a facsimile machine or other
electronic transmission to deliver a signature or the fact that such signature was transmitted or
communicated through the use of a facsimile machine or other electronic transmission as a defense
to the enforceability of this Agreement and each of the undersigned forever waives any such
defense.

PORTIONS OF THIS EXHIBIT WERE OMITTED AND HAVE BEEN FILED SEPARATELY WITH THE SECRETARY OF THE COMMISSION PURSUANT TO AN APPLICATION FOR CONFIDENTIAL TREATMENT UNDER RULE 406 OF THE SECURITIES ACT; [***] DENOTES OMISSIONS.

 

23

 

13.8 Amendments; Waivers. No amendment, modification or discharge of this Agreement,
and no waiver hereunder, shall be valid or binding unless set forth in writing and duly executed by
the Party against whom enforcement of the amendment, modification,
discharge or waiver is sought. Any such waiver shall constitute a waiver only with respect to
the specific matter described in such writing and shall in no way impair the rights of the Party
granting such waiver in any other respect or at any other time. Neither the waiver by either of
the Parties of a breach of or a default under any of the provisions of this Agreement, nor the
failure by either of the Parties, on one or more occasions, to enforce any of the provisions of
this Agreement or to exercise any right or privilege hereunder, shall be construed as a waiver of
any other breach or default of a similar nature, or as a waiver of any of such provisions, rights
or privileges hereunder.

13.9 No Third Party Beneficiaries. Nothing in this Agreement shall confer any rights
upon any Person (except for Persons entitled to indemnification hereunder) other than the Parties
and their respective successors and permitted assigns.

13.10 Assignment. This Agreement shall be binding upon and inure to the benefit of
the Firm and Default Specialist and their respective successors and assigns; provided no such
assignment shall relieve the assignor of its duties under this Agreement. Without limiting the
foregoing, the Parties agree that neither this Agreement, nor any duties or obligations under this
Agreement, shall be assigned or transferred by either Party without the prior consent of the other.

13.11 No Strict Construction; Interpretation. The language used in this Agreement
will be deemed to be the language chosen by the Parties to express their mutual intent and no rule
of strict construction will be applied against any Person.

13.12 Binding Effect. This Agreement shall be binding upon and inure to the benefit
of the Parties and their respective successors and permitted assigns.

13.13 Arbitration. Except with respect to requests for injunctive or other equitable
relief, in the event of any claim, dispute or controversy arising out of or related to this
Agreement, the Default Specialist and the Restricted Party, both on behalf of himself and the Firm,
agree to hold a face-to-face meeting at a mutually agreeable time and location to discuss and
attempt to resolve in good faith any such claim, dispute or controversy. If the Default Specialist
and the Restricted Party are unable to reach a consensual resolution of any such claim, dispute or
controversy, then either the Default Specialist or the Restricted Party may request arbitration in
accordance with the Commercial Arbitration Rules of the AAA by providing the other Party with
written notice thereof. Any demand for arbitration hereunder must be filed in writing with the
other Parties to this Agreement and with the AAA. The Parties shall select the arbitrator(s)
according to the applicable AAA rules. Any arbitration proceedings under this Agreement shall be
conducted in the State of Delaware. Any award rendered by an arbitrator shall be final, and
judgment may be entered upon it in accordance with applicable law in any court having jurisdiction.
This Section 13.13 shall be specifically enforceable in accordance with applicable law in
any court of competent jurisdiction. No undisputed payments due or payable under this Agreement
shall be withheld on account of potential or pending arbitration proceedings.

[SIGNATURE PAGE FOLLOWS]

PORTIONS OF THIS EXHIBIT WERE OMITTED AND HAVE BEEN FILED SEPARATELY WITH THE SECRETARY OF THE COMMISSION PURSUANT TO AN APPLICATION FOR CONFIDENTIAL TREATMENT UNDER RULE 406 OF THE SECURITIES ACT; [***] DENOTES OMISSIONS.

 

24

 

IN WITNESS WHEREOF, the undersigned hereby execute this Services Agreement as of the date
first above written.

	 	 	 	 	 
	 	AMERICAN PROCESSING COMPANY, LLC

 	 
	 	By:  	/s/
David A. Trott
 	 
	 	 	Name:  	David A. Trott 	 
	 	 	Title:  	CEO and Chairman 	 
	 
	 	JAMES E. ALBERTELLI, P.A.

 	 
	 	By:  	/s/ James E. Albertelli
 	 
	 	 	Name:  	James E. Albertelli 	 
	 	 	Title:  	President 	 
	 
	 	The undersigned hereby executes this Services Agreement solely for purposes of
making the commitments set forth in Article VIII (Restrictive Covenants).

 	 
	 	/s/ James E. Albertelli
 	 
	 	James E. Albertelli, individually 	 

PORTIONS OF THIS EXHIBIT WERE OMITTED AND HAVE BEEN FILED SEPARATELY WITH THE SECRETARY OF THE COMMISSION PURSUANT TO AN APPLICATION FOR CONFIDENTIAL TREATMENT UNDER RULE 406 OF THE SECURITIES ACT; [***] DENOTES OMISSIONS.

 

25Exhibit 10.2

Exhibit 10.2

ASSET PURCHASE AGREEMENT

THIS ASSET PURCHASE AGREEMENT (as amended, modified, supplemented or restated in accordance
with its terms from time to time, this “Agreement”), dated as of October 1, 2009 (the “Agreement
Date”), is by and among (i) American Processing Company, LLC, a Michigan limited liability company
(d/b/a NDeX) (the “Buyer”), (ii) Dolan Media Company, a Delaware corporation (“DMC” and, together
with the Buyer, the “Buying Parties” and each a “Buying Party”), (iii) James E. Albertelli, P.A., a
Florida professional association d/b/a “Albertelli Law” (“Albertelli Florida”), (iv) The Albertelli
Firm, P.C., a Georgia professional corporation (“Albertelli Georgia”), (v) Albertelli Title, Inc.,
a Florida corporation (“Albertelli Title,” and together with Albertelli Florida and Albertelli
Georgia, the “Sellers” and each a “Seller”), and (vi) James E. Albertelli, an individual
(“Albertelli,” and together with the Sellers, the “Selling Parties” and each a “Selling Party”).
Certain capitalized terms used but not otherwise defined herein shall have the meanings ascribed
thereto in Section 9.12.

RECITALS

A. In addition to providing Legal Services to its clients, Albertelli Florida and Albertelli
Georgia are engaged in the business of providing foreclosure, bankruptcy and eviction processing
and related services to their respective clients in connection with the foreclosure of residential
(but not commercial) real estate (the “Foreclosure Related Business”).

B. Albertelli Title is engaged in the business of obtaining title evidence, examining title
and preparing title summary reports (the “Title Business,” and together with the Foreclosure
Related Business, but excluding any activities involving the Practice of Law, the “Business”).

C. Subject to the terms and conditions set forth herein, the Sellers desire to sell and assign
to the Buyer, and the Buyer desires to purchase from the Sellers, all of the assets (other than the
Excluded Assets) used by the Sellers in the Business.

D. Albertelli owns all of the issued and outstanding capital stock of Albertelli Florida and
Albertelli Georgia and will benefit substantially from the consummation of the Transaction and
accordingly has agreed to become a party to this Agreement.

AGREEMENT

In consideration of the mutual covenants of the parties hereto set forth in this Agreement and
other good and valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, the parties hereto agree as follows:

 

 

 

ARTICLE I

PURCHASE AND SALE OF THE PURCHASED ASSETS

1.1 Transfer of Assets.

(a) Purchased Assets. Pursuant and subject in all respects to the terms and
conditions herein set forth and in reliance upon the respective representations and warranties of
the parties hereto set forth herein or in any document delivered pursuant hereto, at the Closing,
the Sellers shall sell, transfer and deliver to the Buyer, free and clear of all Liens, and the
Buyer shall purchase from the Sellers, all of each Seller’s right, title and interest in and to the
Business and all of the Sellers’ right, title and interest in the assets used in connection with
the operation of the Business (other than the Excluded Assets), wherever located and whether or not
all or any of said assets appear on or are reflected upon the Sellers’ books, records or financial
statements (collectively, the “Purchased Assets”), including, but not limited to, the following:

(i) Movable/Tangible Personal Property. All equipment and machinery, furniture,
computer hardware and software, printers, office furniture and equipment and other similar personal
or movable property of the Sellers used in connection with the operation of the Business, including
the personal property listed on Schedule 1.1(a)(i);

(ii) Intangible Assets. All intangible assets used in connection with the operation
of the Business, including, but not limited to, all “know how,” production methods and techniques
of the Sellers relating to the Business;

(iii) Assumed Contracts. All rights and benefits that any of the Sellers may have
under the Contracts used in connection with the operation of the Business listed on Schedule
1.1(a)(iii) and all other non-material Contracts not listed on Schedule 1.1(a)(iii) but
used in connection with the operation of the Business and entered into in the ordinary course of
business consistent with past custom and practice (the “Assumed Contracts”);

(iv) Assumed Proprietary Rights. All Proprietary Rights used in connection with the
operation of the Business, including Software, Third Party Software, Documentation relating to all
of the foregoing, all prior versions, derivations and enhancements of all of the foregoing, and all
income, licenses, and other rights and assets arising therefrom or related thereto at any time, but
excluding all Proprietary Rights included in the definition of Excluded Assets (collectively, the
“Assumed Proprietary Rights”);

(v) Records. All records and files (in all media) of the Sellers used in connection
with the operation of the Business, including sales and purchase correspondence, customer and
supplier lists, books of account, financial records and employment records (collectively, the
“Business Records”); provided, however, that the Sellers may retain one copy
thereof in their discretion, but subject to their compliance with Section 8.6(c) hereof;

(vi) Governmental Authorizations. All rights of any of the Sellers, to the extent
assignable, in and to the Governmental Authorizations, issued or granted to, or otherwise held by,
any of the Sellers in connection with the Business;

 

2

 

(vii) Claims. All causes of actions, claims, warranties, guarantees, refunds (other
than Income Tax refunds), covenants, indemnities and the like, all rights of recovery and set-off
of every kind and character of any of the Sellers related to the Business and all rights and claims
against vendors of Purchased Assets transferred hereunder;

(viii) Goodwill. All goodwill associated with the Business and the Purchased Assets,
along with the right of the Buyer to hold itself out as the successor of each of the Sellers in the
conduct of the Business; and

(ix) Other Assets. All other properties and assets owned by the Sellers and used in
connection with the operation of the Business, whether or not of a type falling within any of the
categories of assets or properties described above, unless specifically forming part of the
Excluded Assets.

(b) Excluded Assets. Notwithstanding the foregoing, the following assets of the
Sellers are retained by the Sellers, do not constitute Purchased Assets and are expressly excluded
from the purchase and sale contemplated by this Agreement (collectively, the “Excluded Assets”):

(i) Records. Each of the Sellers’ formal corporate records, including governing
documents, minute books, stock books and other records having exclusively to do with the corporate
organization of such Seller and such Seller’s Income Tax returns, financial statements and related
information (except as such financial statements or related information pertain to the Business),
and one copy of the Business Records as provided in Section 1.1(a)(vi);

(ii) Securities. All of the capital stock of the Sellers and all ownership interests
of any of the Sellers in any other Person;

(iii) Agreement Rights. The Sellers’ rights pursuant to or under this Agreement and
the Transaction Documents;

(iv) Cash and Marketable Securities. All cash, cash equivalents, bank accounts,
negotiable instruments and marketable securities of the Sellers;

(v) Employee Benefit Plans. Each Employee Benefit Plan and all moneys, rights and
other assets (including any insurance policy, annuity contract or trust) maintained under, pursuant
to, or in direct connection with, any Employee Benefit Plan;

(vi) Assets of Legal Practice. All assets, tangible or intangible, utilized by
Albertelli Florida and Albertelli Georgia solely in their provision of Legal Services, including
all associated Contracts, Proprietary Rights, Software, Third Party Software, Websites, logos,
marketing materials, records, work product and files (including client files) and the personal
property listed on Schedule 1.1(b)(vi), including all personal computers, equipment and
other furniture in individual attorneys’ and staff offices and cubicles that are used by attorneys
and staff who will continue to be employees of the Sellers after the Closing;

 

3

 

(vii) Personal Items. All artwork, photographs and personal items owned by Albertelli
or by employees of the Sellers, whether or not located on the Leased Real Property, and any
vehicles owned by the Sellers;

(viii) Prepaids. Any Income Tax deposits, Income Tax refunds, prepaid Income Taxes,
security deposits, prepaid rent, utility deposits and other similar prepaid assets of the Sellers;

(ix) Corporate Names. All rights, title and interests in the trade names used by the
Sellers prior to the Closing, including those using the phrases “Albertelli,” “Albertelli Law” and
“Albertelli Title;” provided, however, that each Non-Compete Party acknowledges and
agrees that any use of the phrase “Albertelli Title” during the Restricted Period shall constitute
a violation of Section 8.6(b) hereof;

(x) Excluded Proprietary Rights. All right, title and interest (including all
Proprietary Rights) in (A) the Sellers’ Websites, (B) the web-based portal under development by
Albertelli and his Affiliates to allow borrowers to be evaluated for loss mitigation opportunities
and related software known as “PREO” (the “PREO Software”), (C) the web-based portal and software
system under development by Albertelli and his Affiliates to provide for online bidding on
properties included in foreclosure proceedings known as “REO2GO” (the “REO2GO Software”), (D) all
derivations and enhancements of the foregoing, (E) all income, licenses, and other rights and
assets arising therefrom or related thereto at any time and (F) any documents or solutions
generated by the PREO Software and the REO2GO Software;

(xi) PREO, LLC and REO2GO, LLC. All assets of PREO, LLC and REO2GO, LLC, each an
Affiliate of the Sellers not involved in the operation of the Business as historically conducted;

(xii) Real Property. All real property owned by the Sellers, including, but not
limited to, Albertelli Title’s ownership interest in the Jacksonville Property;

(xiii) Receivables. All notes and accounts receivable of the Business as of the
Closing Date, including all trade and other accounts and moneys receivable.

(xiv) Promissory Notes. All promissory notes due to any of the Sellers from (A)
Albertelli, (B) Aasent Mortgage Corporation, a Georgia corporation, (C) William Grand, a Georgia
resident, (D) Paramount Portfolio Management, LLC, a Florida limited liability company, and (E)
Paramount Portfolio Management II, LLC, a Florida limited liability company, together with all
equity interests of the Selling Parties and their Affiliates in any Person; and

(xv) Contracts not Assumed. All rights and benefits that the Sellers may have in any
Contracts that are not Assumed Contracts.

 

4

 

1.2 Assumption of Liabilities.

(a) Assumed Liabilities. On the terms and subject to the conditions set forth in this
Agreement, at the Closing the Buyer shall assume and agree to perform, pay and discharge when due
the Liabilities and obligations of the Sellers that arise in connection with the
operation of the Business after the Effective Time (collectively, the “Assumed Liabilities”),
including, but not limited to, Liabilities and obligations of the Sellers that arise in connection
with events or conditions that occur, and are to be performed, after the Effective Time under any
Assumed Contract; provided, however, that the Buyer shall not assume any
liabilities or obligations arising out of any breach prior to the Effective Time by any of the
Sellers of any provision of any Assumed Contract.

(b) Excluded Liabilities. Notwithstanding any disclosures made to the Buyer or its
agents in the conduct of their due diligence investigations of the Sellers, the Business and the
Purchased Assets and further notwithstanding any matters disclosed on any Schedules hereto, the
Buyer shall not assume any of the liabilities of any of the Sellers other than the Assumed
Liabilities. The Buyer shall not be or become liable for any claims, demands, liabilities or
obligations other than the Assumed Liabilities and the Buyer shall purchase the Purchased Assets
free and clear of all Liens. Without limiting the foregoing, the Buyer shall not at the Closing
assume or agree to perform, pay or discharge, and each of the Sellers shall remain unconditionally
liable for, all obligations, liabilities and commitments, fixed or contingent, known or unknown,
accrued or unaccrued, direct or indirect, choate or inchoate, perfected or unperfected, liquidated
or unliquidated, of such Seller other than the Assumed Liabilities (the “Excluded
Liabilities”), including:

(i) Liabilities, obligations and expenses relating to the current and former employees of any
of the Sellers or any such Seller’s employment thereof, including (A) severance, termination and
other payments and benefits (including post-retirement benefits), whether owing under any severance
policy, any union contract, any employment agreement or otherwise to any employees of any of the
Sellers; (B) worker’s compensation claims; and (C) stock option or other stock-based award or any
profit sharing, stock appreciation right or phantom equity award;

(ii) Liabilities or obligations for any Taxes (i) imposed upon, or incurred by, any of the
Sellers or any of their respective Affiliates at any time, (ii) imposed upon or incurred in
connection with the operation of the Business during any period (or portion of any period) ending
on or before the Closing Date, or (iii) imposed on the Buyer as a transferee or successor of the
Sellers;

(iii) Liabilities or obligations of any of the Sellers incurred in connection with violations
of, or pursuant to, occupational safety, wage, welfare, employee benefit, and/or Environmental and
Safety Requirements;

(iv) Liabilities and obligations of any of the Sellers or any of their respective Affiliates
with respect to any claims, grievances, lawsuits, arbitrations, administrative or other Proceedings
arising out of an occurrence or condition prior to the Effective Time or attributable to the
operation of the Business prior to the Effective Time;

(v) Liabilities and obligations of any of the Sellers or any of their respective Affiliates
under any Insurance Policies or Contracts that are not Assumed Contracts;

 

5

 

(vi) Liabilities and obligations of any of the Sellers with respect to any customer or client
advances and deposits or other deferred revenue items;

(vii) Liabilities and obligations of any of the Sellers with respect to trade payables and
accruals (including employee wages and benefits);

(viii) Liabilities, obligations and expenses of any of the Sellers with respect to the
transactions contemplated hereby, including Liabilities, obligations and expenses with respect to
the Selling Parties’ legal counsel, accountants, and any broker or finder;

(ix) Liabilities of the Sellers for Indebtedness;

(x) Liabilities and obligations of any of the Sellers or any of their respective Affiliates
under or in connection with any Proceedings or Orders;

(xi) Liabilities and obligations of any of the Sellers or any of their respective Affiliates
under, pursuant to or in connection with, any Employee Benefit Plan, including any Liabilities and
obligations for notices and continuation coverage required by COBRA; and

(xii) Liabilities and obligations arising out of or related to the Excluded Assets.

(c) Each of the Sellers shall pay in full, when due, all of such Seller’s Liabilities and
obligations other than the Assumed Liabilities.

1.3 Conveyance. At the Closing, the Sellers shall execute and deliver a Bill of Sale, Assignment and
Assumption Agreement, in the form attached hereto as Exhibit 1.3 (a “Bill of Sale”),
pursuant to which the Sellers shall convey to the Buyer the Purchased Assets and the Sellers shall
assign and the Buyer shall assume the Assumed Liabilities.

ARTICLE II

CONSIDERATION AND MANNER OF PAYMENT

2.1 Payment of the Closing Cash Consideration.

(a) Payment of the Closing Date Cash Payment. At the Closing, the Buyer shall deliver
to each Seller, by wire transfer of immediately available funds to the bank account for such Seller
designated in writing by the Sellers’ Representative on Exhibit 2.1(a), an amount in cash
equal to such Seller’s allocable percentage of the Closing Date Cash Payment set forth on
Schedule 2.1(a) (the “Allocable Percentages Schedule”).

 

6

 

(b) Payment of Indebtedness Payments. On or prior to the Closing Date, the Sellers
shall either: (i) pay off all Indebtedness of any of the Sellers as of the Closing Date (and
at or prior to the Closing the Sellers’ Representative shall deliver to the Buyer evidence of
such payments) or (ii) direct the Buyer, by delivering to the Buyer a written notice at least two
(2) Business Days prior to the Closing Date, to deliver to the creditors of any of the Sellers on
the Closing Date, on behalf of the Sellers, any amounts necessary to pay off all Indebtedness as of
the Closing Date (the aggregate amount of such payments under this clause (ii), the “Indebtedness
Payments”) pursuant to valid payoff letters delivered by the Sellers’ Representative to the Buyer.
In either case, for each item of Indebtedness repaid, the Sellers’ Representative shall cause all
creditors thereof to surrender at Closing and cancel all instruments evidencing such items of
Indebtedness and obtain the release or termination of any guarantees or security interests relating
thereto and termination of all UCC financing statements filed in connection therewith.

(c) Retention of the Holdback Amount. At the Closing, the Buyer shall retain a
portion of the Closing Cash Consideration equal to One Million Dollars ($1,000,000) (the “Holdback
Amount”) to secure the Selling Parties’ obligations under this Agreement (including those
obligations under Section 8.5(a) hereof).

2.2 Payment of the Deferred Cash Payment. The Deferred Cash Payment shall be paid by
the Buyer to the Sellers in two equal installments of One Million Dollars ($1,000,000), in each
case on the first (1st) anniversary of the Closing Date (the “First Installment”) and
second (2nd) anniversary of the Closing Date (the “Second Installment”). The Buyer
shall pay to each Seller such Seller’s Allocable Percentage of each such installment of the
Deferred Cash Payment. Notwithstanding anything to the contrary in this Agreement, each Selling
Party acknowledges and agrees that the Buyer shall be entitled to (i) offset Two Hundred Fifty
Thousand ($250,000) against the First Installment and apply such amount towards the third
installment payment on the First Invoice Amount (as such term is defined in the Florida Services
Agreement) owed by Albertelli Florida to the Buyer pursuant to Section 3.2(b)(iii) of the Florida
Services Agreement (thereby, for the avoidance of doubt, reducing the amount of the First
Installment to Seven Hundred Fifty Thousand Dollars ($750,000)), and (ii) offset against the Second
Installment and apply such amount towards the remaining balance on the First Invoice Amount owed by
Albertelli Florida to the Buyer pursuant to Section 3.2(b)(iv) of the Florida Services Agreement.

2.3 Earn Out. The Purchase Price shall be subject to further adjustment as determined
pursuant to this Section 2.3.

(a) Earn Out Payments.

(i) Subject to the terms and conditions hereof, if Adjusted EBITDA equals or exceeds the 2010
Adjusted EBITDA Target for the 2010 Earn Out Period, then the Sellers shall be entitled to an
additional payment from Buyer for the 2010 Earn Out Period in an amount equal to the Earn Out
Payment Amount; provided, however, that for so long as Adjusted EBITDA for the 2010
Earn Out Period is greater than the product of (x) fifty-five percent (55%) multiplied by (y) the
2010 Adjusted EBITDA Target, then the 2010 Earn Out Payment shall be an amount equal to (A) the
Earn Out Payment Amount minus (B) the amount by which the 2010 Adjusted EBITDA Target exceeds
Adjusted EBITDA for the 2010 Earn Out Period.

 

7

 

(ii) Subject to the terms and conditions hereof, if Adjusted EBITDA equals or exceeds the 2011
Adjusted EBITDA Target for the 2011 Earn Out Period, then the Sellers shall be entitled to an
additional payment from Buyer for the 2011 Earn Out Period in an amount equal to the Earn Out
Payment Amount; provided, however, that for so long as Adjusted EBITDA for the 2011
Earn Out Period is greater than the product of (x) fifty-five percent (55%) multiplied by (y) the
2011 Adjusted EBITDA Target, then the 2011 Earn Out Payment shall be an amount equal to (A) the
Earn Out Payment Amount minus (B) the amount by which the 2011 Adjusted EBITDA Target exceeds
Adjusted EBITDA for the 2011 Earn Out Period.

(iii) Subject to the terms and conditions hereof, if Adjusted EBITDA equals or exceeds the
2012 Adjusted EBITDA Target for the 2012 Earn Out Period, then the Sellers shall be entitled to an
additional payment from Buyer for the 2012 Earn Out Period in an amount equal to the Earn Out
Payment Amount; provided, however, that for so long as Adjusted EBITDA for the 2012
Earn Out Period is greater than the product of (x) fifty-five percent (55%) multiplied by (y) the
2012 Adjusted EBITDA Target, then the 2012 Earn Out Payment shall be an amount equal to (A) the
Earn Out Payment Amount minus (B) the amount by which the 2012 Adjusted EBITDA Target exceeds
Adjusted EBITDA for the 2012 Earn Out Period.

(b) Procedures Applicable to Determination of the Earn Out Payments.

(i) On or before the date which is sixty (60) days after the last day of each Earn Out Period,
the Buyer shall deliver to the Sellers’ Representative (each such date of delivery, an “Earn Out
Calculation Delivery Date”) its good faith determination of Adjusted EBITDA for the applicable Earn
Out Period and its calculation of the relevant Earn Out Payment (in each instance, an “Earn Out
Calculation”). The Buyer shall provide Sellers’ Representative and the Sellers’ Representative’s
accountants reasonable access to the books and records of the Buyer upon reasonable notice to
verify the applicable Earn Out Calculation.

(ii) On or before the thirtieth (30th) day following each Earn Out Calculation
Delivery Date, the Sellers’ Representative may deliver to the Buyer a notice of objection (each an
“Earn Out Calculation Objection Notice”) with respect to the corresponding Earn Out Calculation.
If no Earn Out Calculation Objection Notice is delivered by the Sellers’ Representative to the
Buyer before the expiration of such thirty (30) day period, then the relevant Earn Out Calculation
shall be final and binding on the parties hereto as Adjusted EBITDA for the applicable Earn Out
Period. Any Earn Out Calculation Objection Notice shall specify the items in the applicable Earn
Out Calculation disputed by the Sellers’ Representative and shall describe the basis for such
objection, as well as the amount in dispute. If an Earn Out Calculation Objection Notice is
delivered in accordance with this Section 2.3(b)(ii), the Buyer and the Sellers’
Representative shall consult with each other with respect to the objection set forth therein. If
the Buyer and the Sellers’ Representative are unable to reach agreement within fifteen (15) days
after such an Earn Out Calculation Objection Notice has been given, all unresolved disputed items
shall be promptly referred to the Independent Accounting Firm. The Independent Accounting Firm
shall be directed to render a written report on the unresolved disputed issues with respect to the
applicable Earn Out Calculation as promptly as practicable, but in no event greater than forty-five
(45) days after such submission to the Independent Accounting Firm, and to resolve only those
issues of dispute set forth in the Earn Out Calculation Objection Notice. If unresolved disputed
issues are submitted to the
Independent Accounting Firm, the Buyer and the Sellers’ Representative will each furnish to
the Independent Accounting Firm such work papers, schedules and other documents and information
relating to the unresolved disputed issues as the Independent Accounting Firm may reasonably
request. The Independent Accounting Firm shall establish the procedures it shall follow (including
procedures with regard to the presentation of evidence) giving due regard to the mutual intention
of the Buyer and the Sellers’ Representative to resolve the disputed items and amounts as quickly,
efficiently and inexpensively as possible. The resolution of the dispute and the calculation of
Adjusted EBITDA that is the subject of the applicable Earn Out Calculation Objection Notice by the
Independent Accounting Firm shall be final and binding on the parties hereto. The fees and
expenses of the Independent Accounting Firm shall be allocated between the Buyer and Sellers in the
proportion that the amounts determined by the Independent Accounting Firm against each party bears
to the total amount in dispute (determined with respect to dollar amount).

 

8

 

(c) Independence of Earn Out Payments. The Buyer’s obligation to pay the Earn Out
Payments to the Sellers are independent obligations of the Buyer and are not otherwise conditioned
or contingent upon the satisfaction of any conditions precedent to any preceding or subsequent Earn
Out Payments and the obligation to pay an Earn Out Payment to the Sellers shall not obligate the
Buyer to pay any preceding or subsequent Earn Out Payment. For the avoidance of doubt, and by way
of example if the conditions precedent to the payment of the 2010 Earn Out Payment set forth in
Section 2.3(a)(i) are not satisfied, but either the conditions precedent to the payment of
the 2011 Earn Out Payment set forth in Section 2.3(a)(ii) or to the payment of the 2012
Earn Out Payment set forth in Section 2.3(a)(iii) are satisfied, then the Buyer would be
obligated to pay such of the 2011 Earn Out Payment and/or the 2012 Earn Out Payment for which the
corresponding conditions precedent have been satisfied, and not the 2010 Earn Out Payment.

(d) Timing of Payment of Earn Out Payments. Any Earn Out Payments that the Buyer is
required to make pursuant to Section 2.3(a) hereof shall be made no later than five (5)
Business Days following the date upon which the determination of Adjusted EBITDA for the applicable
Earn Out Period becomes final and binding upon the parties as provided herein (including final
resolution of any dispute raised by the Sellers’ Representative in an Earn Out Calculation
Objection Notice). The Buyer shall pay to each Seller such Seller’s Allocable Percentage of the
applicable Earn Out Payment (less any Interim Earn Out Payment Amount previously paid by the Buyer
to such Seller pursuant to Section 2.3(e) hereof) to the bank account for such Seller set
forth on Exhibit 2.1(a).

(e) Payment of Interim Earn Out Payment Amount. Notwithstanding the Section
2.3(d) to the contrary, if (i) the Seller’s Representative timely delivers an Earn Out
Calculation Objection Notice to the Buyer and (ii) the Buyer’s calculation of Adjusted EBITDA for
such Earn Out Period is in an amount sufficient for an Earn Out Payment to be paid for such Earn
Out Period, then, within five (5) Business Days of the delivery to the Buyer of such Earn Out
Calculation Objection Notice, the Buyer shall pay to each Seller such Seller’s Allocable Percentage
of the undisputed portion of the Earn Out Payment set forth in the Buyer’s Earn Out Calculation for
such Earn Out Period (any such amount so paid shall hereinafter be referred to as the “Interim Earn
Out Payment Amount”).

(f) Selection of Independent Accounting Firm. If an Independent Accounting Firm needs
to be selected by the parties hereto for any reason under this Agreement, then upon the Sellers’
Representative’s or the Buyer’s written notice to the other party, the Sellers’ Representative and
Buyer shall, within five (5) Business Days after delivery of such notice (or such other mutually
agreed upon longer period), jointly select a nationally recognized independent accounting firm (an
“Eligible Firm”) to act as the Independent Accounting Firm pursuant to the provisions of this
Agreement; provided; however, that if the Sellers’ Representative and the Buyer are
unable to jointly select such an Eligible Firm to act as the Independent Accounting Firm within
such time period, then the Sellers’ Representative and Buyer shall each select an Eligible Firm at
the end of such time period and such Eligible Firms shall, within five (5) Business Days after
their selection, jointly select a third Eligible Firm to act as the Independent Accounting Firm
pursuant to the provisions of this Agreement. Any Eligible Firm selected pursuant to this
Section 2.3(f) shall be deemed the Independent Accounting Firm for all purposes of this
Agreement.

 

9

 

2.4 Purchase Price Allocation. The Purchase Price (and all other items of
consideration for Federal Income Tax purposes, including any adjustments thereto) shall be
allocated for all purposes among the Purchased Assets and the covenants set forth in Section
8.6. The Buyer and the Sellers jointly shall prepare (i) an initial allocation of the Purchase
Price (and all other items of consideration for Federal Income Tax purposes) no later than
seventy-five (75) days following the Closing Date and (ii) a revised allocation of the Purchase
Price (and all other items of consideration for Federal Income Tax purposes) as the result of any
adjustment to the Purchase Price (or any other item of consideration for Federal Income Tax
purposes) no later than forty-five (45) days following such adjustment. The Buyer and the Selling
Parties (a) agree to be bound, and to cause their respective Affiliates to be bound, by such
allocation (including any adjustment thereto pursuant to this Section 2.4), (b) shall act,
and cause their respective Affiliates to act, in accordance with such allocation (including any
adjustment thereto pursuant to this Section 2.4) in the preparation, filing and audit of
any Tax Return and for all other tax and accounting purposes, and (c) shall not take any position
or action inconsistent with such allocation (including any adjustment thereto pursuant to this
Section 2.4).

ARTICLE III

REPRESENTATIONS AND WARRANTIES OF THE SELLING PARTIES

As a material inducement to the Buyer to enter into this Agreement, the Selling Parties
represent and warrant to the Buying Parties as follows (each of the Persons included within the
definition of the Selling Parties hereby makes the following representations and warranties on a
joint and several basis):

3.1 Organization and Qualification of the Sellers. Each of Albertelli Florida and
Albertelli Title is duly organized, validly existing and in good standing as a corporation under
the laws of the State of Florida. Albertelli Georgia is duly organized, validly existing and in
good standing as a corporation under the laws of the State of Georgia. Each of the Sellers (i) has
the corporate power and authority required to own and lease its property and to carry on its
business as presently conducted and (ii) is duly qualified to transact business, and is in good
standing as a foreign corporation authorized to transact business and to own and lease
property in each jurisdiction (set forth opposite such Seller’s name on Schedule 3.1(i)
attached hereto) in which the nature of the business conducted by it, or the character or location
of the properties owned or leased by it, requires such qualification, except where the failure to
be so qualified or in good standing would not have a Material Adverse Effect. Except as set forth
on Schedule 3.1(ii), no Seller owns, directly or indirectly, any stock, partnership
interest, limited liability company interest, joint venture interest or other equity interest in
any other Person. The Sellers’ Representative has previously delivered to the Buyer complete and
correct copies of the Organizational Documents for each of the Sellers.

 

10

 

3.2 Power and Authority; Authorization; Due Execution and Binding Effect.

(a) Each Seller has the requisite corporate capacity, power and authority to execute and
deliver this Agreement and the Transaction Documents to which it is a party, to consummate the
Transaction and to perform its obligations under this Agreement and the Transaction Documents to
which it is a party and to consummate the Transaction. The execution and delivery of this
Agreement and the Transaction Documents by each Seller which is a party thereto, and the
performance by each Seller of its obligations hereunder and thereunder, have been duly authorized
by all necessary corporate action. This Agreement and the Transaction Documents to which a Seller
is a party have been duly and validly executed and delivered by each Seller. This Agreement and
the Transaction Documents to which a Seller is a party will constitute, upon such execution and
delivery hereof, the valid and binding obligations of such Seller, enforceable in accordance with
their respective terms except as enforcement thereof may be limited by applicable Insolvency Laws.

(b) Albertelli has the requisite legal capacity, power and authority to execute and deliver
this Agreement and the Transaction Documents to which he is a party, to consummate the Transaction
and to perform his obligations under this Agreement and the Transaction Documents to which he is a
party. This Agreement and the Transaction Documents to which Albertelli is a party have been duly
and validly executed and delivered by Albertelli. This Agreement and the Transaction Documents to
which Albertelli is a party will constitute, upon such execution and delivery hereof and thereof,
the valid and binding obligations of Albertelli, enforceable in accordance with their respective
terms except as enforcement thereof may be limited by applicable Insolvency Laws and, to the extent
applicable, any Florida exemption statutes.

3.3 Capitalization, Officers and Directors of the Sellers. All of the outstanding
shares of capital stock in each of the Sellers are owned by those Persons identified on, and in the
amounts set forth opposite their respective names on, Schedule 3.3(i) hereto, free and
clear of any Liens whatsoever. There are no preemptive, conversion, subscription or other rights,
options, warrants or agreements granted or issued by, or binding upon, any Seller for the purchase
or acquisition of any shares of capital stock in such Seller. No Seller has any equity
appreciation rights, phantom equity plan or similar rights outstanding. Schedule 3.3(ii)
is a complete and correct list of all of the officers and members of the board of directors of each
of the Sellers.

 

11

 

3.4 No Conflict. Except as set forth on Schedule 3.4, none of the execution
and delivery of this Agreement or any Transaction Document by any Selling Party, the performance by
them of any of their obligations under this Agreement or any Transaction Document or the
consummation of the Transaction will, directly or indirectly:

(a) contravene, conflict with, or result in (with or without notice or lapse of time) a
violation or breach of (i) any provision of the Organizational Documents of any of the Sellers,
(ii) any resolution adopted by the board of directors or Albertelli as the sole stockholder of each
Seller, or (iii) any Legal Requirement, Governmental Authorization, Contract or Order related to
the Business or the Purchased Assets;

(b) give any Person or Governmental Body the right (with or without notice or lapse of time)
to declare a default or exercise any remedy under, or to accelerate the maturity or performance of,
or to cancel, terminate, modify, withdraw or suspend any Contract, Legal Requirement, Governmental
Authorization or Order related to the Business or the Purchased Assets; or

(c) result in (with or without notice or lapse of time) the imposition or creation of any Lien
upon or with respect to any of the Purchased Assets.

3.5 No Consent Required. Except as set forth on Schedule 3.5, no Consent is
required to be made or obtained by any of the Selling Parties in connection with the authorization,
execution, delivery or performance of this Agreement and the Transaction Documents or the
consummation of the Transaction.

3.6 Financial Statements.

(a) Financial Statements. Attached as Schedule 3.6(a) hereto are the
following financial statements of the Sellers (collectively, the “Reviewed Financial Statements”):

(i) (w) the compiled balance sheet for Albertelli Florida as of December 31, 2007, (x) the
reviewed balance sheet for Albertelli Florida as of December 31, 2008, (y) the compiled balance
sheets for Albertelli Title as of December 31, 2007 and December 31, 2008 and (z) the compiled
balance sheet for Albertelli Georgia as of December 31, 2008;

(ii) (w) the compiled income statement for Albertelli Florida for the five month period ended
December 31, 2007, (x) the reviewed income statement for Albertelli Florida for the twelve month
period ended December 31, 2008, (y) the compiled income statement for Albertelli Title for the
twelve month periods ended December 31, 2007 and December 31, 2008 and (z) the compiled income
statement for Albertelli Georgia for the twelve month period ended on December 31, 2008; and

(iii) the reviewed cash flow statement for Albertelli Florida for the twelve months ended
December 31, 2008.

 

12

 

(b) Pro Forma Financial Statements. Attached as Schedule 3.6(b) hereto are
the following financial statements of the Business prepared on a pro-forma historical basis as if
the Services Agreements had been in effect as of the beginning of the periods indicated herein
(collectively, the “Pro Forma Financial Statements”):

(i) the audited balance sheet for the Business as of December 31, 2008;

(ii) the audited statement of operations for the Business for the twelve month period ended
December 31, 2008; and

(iii) the audited cash flow statement for the Business on a historical basis for the twelve
months ended December 31, 2008.

(c) Attached as Schedule 3.6(c) hereto are the following unaudited, interim financial
statements of the Sellers (collectively, the “Interim Financial Statements”):

(i) the unaudited balance sheet (“Latest Balance Sheet”) for the Sellers as of June 30, 2009
(the “Latest Balance Sheet Date”); and

(ii) the unaudited income statement for the Sellers for the six (6) month fiscal period ended
June 30, 2009.

(d) Except as set forth on Schedule 3.6(d), each of the Financial Statements is
consistent with the books and records of the Sellers and fairly reflects in all material respects
the financial condition, results of operations and cash flows of the Sellers as of the date and for
the periods related thereto. Each of (i) the Pro Forma Financial Statements, (ii) the reviewed
balance sheet for Albertelli Florida dated as of December 31, 2008 and (iii) the income statement
and cash flow statement for Albertelli Florida for the twelve months ended December 31, 2008 (the
Financial Statements in clauses (i), (ii) and (iii) are collectively referred to herein as the
“GAAP Financial Statements”) have been prepared in accordance with GAAP applied on a consistent
basis throughout the periods covered thereby. The Financial Statements (other than the GAAP
Financial Statements) disclose all material liabilities, direct or contingent, of the Sellers as of
the dates thereof. The GAAP Financial Statements disclose all material liabilities, direct or
contingent, of the Sellers as of the dates thereof as required to be disclosed by GAAP. The books
and records of the Sellers are complete and correct in all material respects and fairly and
accurately present and reflect in all material respects all of the transactions of the Sellers.

3.7 Absence of Undisclosed Liabilities. None of the Sellers has any Liabilities
affecting the Business or the Purchased Assets, other than those Liabilities (i) as and to the
extent reflected and accrued for or reserved against in the Latest Balance Sheet, (ii) that have
arisen since the Latest Balance Sheet Date in the ordinary course of the Business consistent with
past practices with unrelated parties and (iii) specifically delineated on Schedule 3.7.

 

13

 

3.8 Personal Property.

(a) Title. Each of the Sellers possesses good and marketable, indefeasible title to,
or the right to use, the Purchased Assets, free and clear of all Liens other than the Liens
listed on Schedule 3.8, which Liens shall be released at Closing pursuant to
Section 7.2(g). The Sellers have the exclusive right to possess and convey, and upon the
consummation of the Transaction, the Sellers will have conveyed, and the Buyer will be vested with,
good and marketable title and interest in and to, or the right to use to the same extent as the
Sellers, the Purchased Assets, free and clear of all Liens. The Purchased Assets constitute all of
the assets and properties used in connection with the conduct of the Business and are sufficient to
conduct the Business as presently conducted and as conducted in the previous twelve (12) months.

(b) Condition and Location. All of the tangible assets that are part of the Purchased
Assets are in good operating condition, ordinary wear and tear excepted, and are useable in the
ordinary course of business consistent with past custom and practice. There is no material
tangible asset or material portion of the tangible assets which are part of the Purchased Assets
that requires any material repair or replacement. No property owned or leased by the Sellers used
in connection with the operation of the Business is located other than at the Leased Real Property.

(c) Assets. Schedule 1.1(a)(i) contains a complete and correct list of all of
the material tangible assets that are used in connection with the operation of the Business.

3.9 Compliance with Laws; Governmental Authorizations.

(a) Except as set forth on Schedule 3.9(a):

(i) the Sellers are, and at all times have been, in compliance in all material respects with
each Legal Requirement that is or was applicable to the Sellers, the Purchased Assets or the
conduct or operation of the Business;

(ii) no event has occurred or circumstance exists that may constitute or result in (with or
without notice or lapse of time) a material violation by any Seller of, or a failure on the part of
any Seller to comply in any material respect with, any Legal Requirement applicable to the
Business; and

(iii) no Seller has received any notice or other communication from any Governmental Body or
any other Person regarding, and there does not exist any material violation of, or material failure
to comply with, any Legal Requirement applicable to the Business.

(b) Schedule 3.9(b) contains a complete and correct list of each Governmental
Authorization that is necessary to permit the Sellers to lawfully conduct and operate the Business
in the manner in which the Sellers currently conduct and operate such business and to permit the
Sellers to own and use the Purchased Assets in the manner in which the Sellers currently own and
use the Purchased Assets (the “Seller Governmental Authorizations”). The Sellers possess each
Seller Governmental Authorization. Each Seller Governmental Authorization is valid and in full
force and effect. All applications required to have been filed for the renewal of the Seller
Governmental Authorizations have been duly filed on a timely basis with the appropriate
Governmental Bodies, and all other filings required to have been made with respect to such Seller
Governmental Authorizations have been duly made on a timely basis with the appropriate Governmental
Bodies.

 

14

 

3.10 Real Property.

(a) Except for Albertelli Title’s ownership of a 40% interest in the Jacksonville Property,
none of the Sellers owns nor has agreed or has an option to purchase or sell, or is obligated to
purchase or sell, any real property.

(b) Schedule 3.10(b)(i) lists all real property leases to which any Seller is a party
or by which any Seller is bound (the “Real Property Leases”). No Seller is in default of any of
the terms of any Real Property Lease nor, to the Sellers’ Knowledge, is any other party to any Real
Property Lease in default under the terms thereof; and each such Real Property Lease is in full
force and effect and is valid, binding and enforceable against the applicable Seller and each other
party thereto in accordance with its terms except as enforcement thereof may be limited by
applicable Insolvency Laws. Complete and correct copies of the Real Property Leases have
heretofore been delivered to the Buyer by the Sellers’ Representative. Except as specified on
Schedule 3.10(b)(ii), the Sellers are in compliance with, and none of the Selling Parties
have received any notice of default or any notice of noncompliance with respect to, any of the Real
Property Leases or under any applicable Legal Requirements. No Seller has any past due obligation
as lessee under any Real Property Lease. Except as set forth on Schedule 3.10(b)(iii), no
Real Property Lease has been assigned in whole or in part by any of the Sellers and no subleases
have been entered into relating to any of the Real Property Leases. The real property and
improvements leased pursuant to the Real Property Leases shall be referred to herein as the “Leased
Real Property.” All of the Leased Real Property is in good order and repair, normal wear and tear
excepted. All build-out work and other improvements to be made under any of the Real Property
Leases have been completed in a commercially reasonable manner. None of the Sellers has received
any notice from any insurance company or board of fire underwriters of any defects or inadequacies
that could adversely affect the insurability of any Leased Real Property or requesting the
performance of any material work or alteration with respect to any Leased Real Property that could
adversely affect insurability that has not been complied with. There is no pending or, to the
Sellers’ Knowledge, Threatened condemnation or other governmental taking of any Leased Real
Property or any part thereof. To Seller’s Knowledge, no fact or condition exists that could result
in the termination or impairment of presently available access to any portion of any Leased Real
Property from adjoining public or private streets or ways or in the discontinuation of presently
available and otherwise necessary sewer, water, electric, gas, telephone or other utilities or
services. There are no special, general or other assessments pending against any of the Sellers or
affecting any Leased Real Property that would be payable by the lessee thereof. To Seller’s
Knowledge, there are no special, general or other assessments Threatened against any of the Sellers
or affecting any Leased Real Property that would be payable by the lessee thereof with respect to
any other Leased Real Property. None of the Sellers has entered into any brokerage arrangement
with respect to any Real Property Lease.

3.11 Contracts.

(a) Schedule 1.1(a)(iii) contains a complete and correct list, and the Sellers’
Representative has delivered to the Buyer complete and correct copies (or forms thereof, where form
agreements are used; provided that any and all material deviations or changes to the forms
in any individual case are described on Schedule 3.11(a)), of all of the Assumed Contracts.
The
Assumed Contracts constitute all of the material Contracts used or entered into in connection
with the operation of the Business.

 

15

 

(b) Except as set forth on Schedule 3.11(b), all of the Assumed Contracts are in full
force and effect and are valid and enforceable in all respects in accordance with their terms
except with respect to applicable Insolvency Laws and equitable principles generally, and, to the
Sellers’ Knowledge, no event has occurred or circumstance exists that would give any Person
(including any Seller) the right (with or without notice or lapse of time) to declare a default or
exercise any remedy under, or to accelerate the maturity or performance of, or to cancel, terminate
or modify, any such Assumed Contract.

(c) Each of the Sellers enjoys peaceful and undisturbed possession of all leased personal or
movable property under any leases for such property, and all of such leases are valid and in full
force and effect and are enforceable against the applicable Seller and, to the Sellers’ Knowledge,
against all other parties thereto except with respect to Insolvency Laws and equitable principles
generally, and none of the Sellers nor any other party thereto is in material default under any of
such leases and no event has occurred which with the giving of notice or the passage of time or
both would constitute a default under any of such leases.

(d) Schedule 3.11(d) sets forth all filings, consents and approvals (the “Required
Contract Consents”) necessary to validly assign and transfer all of the Assumed Contracts.

(e) No Assumed Contract is subject to termination, modification (including any changes,
modifications or alterations to any of the terms of any Assumed Contract arising by operation of
any provisions of any such Assumed Contract) or acceleration as a result of the consummation of the
Transaction.

3.12 Proprietary Rights.

(a) The Sellers own, or are duly licensed, or otherwise possess legally enforceable rights, to
use all Assumed Proprietary Rights. Upon the receipt of all required third party consents as
described in the Post-Closing Agreement, each item of Assumed Proprietary Rights will continue to
be owned and/or available for use by the Buyer on terms which are identical to those pursuant to
which the Sellers, immediately prior to the Effective Time, own and/or have the right to use, such
item. All of the Assumed Proprietary Rights are used internally by the Sellers and none of the
Sellers distribute, sell, resell, license or sublicense, as applicable, any Assumed Proprietary
Rights or have granted any rights to third parties to do so.

(b) There are no patents, registered copyrights, registered trademarks or service marks or
domain names, or applications for the same within the Assumed Proprietary Rights which are owned by
any of the Sellers.

(c) Except for packaged commercially available software programs generally available to the
public which have been licensed to the Sellers pursuant to end-user licenses (“Commercial
Software”), the Sellers are not engaged, authorized or otherwise have rights to use any Assumed
Proprietary Rights owned by any third party (in whole or in part).

 

16

 

(d) Except for the Commercial Software, none of the Assumed Proprietary Rights is material to
the Business.

(e) None of the Sellers has infringed, misappropriated, violated or engaged in unfair
competition, or is currently infringing, misappropriating, violating or engaging in any unfair
competition with respect to, any Proprietary Rights owned by any third party and there are no
claims pending or, to the Sellers’ Knowledge, Threatened by any Person (i) alleging any such
infringement, misappropriation, violation or unfair competition, (ii) against the use by any of the
Sellers or any third party of any Assumed Proprietary Rights or (iii) challenging the ownership by
any of the Sellers, validity or effectiveness of any Assumed Proprietary Rights. No Seller has
undertaken or authorized legal counsel to undertake any investigation as to whether any Assumed
Proprietary Rights infringes, misappropriates or otherwise violates any third party Proprietary
Rights and, without limiting the generality of the foregoing, no Seller has received a
non-infringement legal opinion with respect to any Assumed Proprietary Rights. To the Sellers’
Knowledge, there is no unauthorized use, infringement or misappropriation of or unfair competition
with respect to any of the Assumed Proprietary Rights, including by an employee or former employee
of any of the Sellers.

(f) The computer software, hardware, systems, business processes and databases used in the
operation of the Business (the “Computer System and Processes”) adequately meets the data
processing and operational needs of the Business as presently conducted. The Computer System and
Processes perform substantially in accordance with the documentation related thereto and/or its
intended functionality and performance expectations, and none of the Sellers has suffered any
failures, errors or breakdowns in the Computer System and Processes within the past twelve (12)
months which have caused any substantial disruption or interruption in the Business. The Sellers
have delivered to the Buyer complete and correct records of the Sellers with respect to all fixes
of Computer System and Processes (including fixes currently in process) over the past twenty-four
months (24).

(g) None of the Sellers has made any oral or written representations, warranties or
guarantees, or offered service level agreements (or similar commitments) with respect to the
Business. Schedule 3.12(i) lists any written customer complaints related to the Business.

3.13 Employee Benefit Plans.

(a) Except as set forth on Schedule 3.13(a), no Seller has maintained, sponsored,
adopted, made contributions to or obligated itself to make contributions to or to pay any benefits
or grant rights under or with respect to or had any other liability (contingent or otherwise) with
respect to, any “Employee Pension Benefit Plan” (as defined in Section 3(2) of ERISA), “Employee
Welfare Benefit Plan” (as defined in Section 3(1) of ERISA), “Multi-Employer Plan” (as defined in
Section 3(37) or 4001 of ERISA), pension plan, plan of deferred compensation, medical plan, life
insurance plan, long-term disability plan, dental plan or other plan providing for the welfare of
any of the employees or former employees or beneficiaries thereof of the Sellers, personnel policy
(including vacation time, holiday pay, bonus programs,
moving expense reimbursement programs and sick leave), excess benefit plan, bonus or incentive
plan (including stock options, restricted stock, stock bonus and deferred bonus plans), salary
reduction agreement, change-of-control agreement, employment agreement, consulting agreement or any
other benefit, program or Contract, whether or not written or pursuant to a collective bargaining
agreement, which could give rise to or result in the Sellers having any debt, liability, claim or
obligation of any kind or nature, whether accrued, absolute, contingent, direct, indirect, known or
unknown, perfected or inchoate or otherwise and whether or not due or to become due (collectively,
“Employee Benefit Plans”). No Employee Benefit Plan that provides severance benefits is subject to
ERISA.

 

17

 

(b) None of the Purchased Assets is subject to any Lien under ERISA or the Code. No Seller is
bound by any Contract or has any obligation or liability described in Section 4204 of ERISA.

(c) Each Employee Benefit Plan that is intended to be qualified under Section 401(a) of the
Code has received a determination from the Internal Revenue Service that such Employee Benefit Plan
is so qualified, and nothing has occurred since the date of such determination that would cause
such determination letter to become unreliable. No Employee Benefit Plan is a “Multi-Employer
Plan” (as defined in Section 3(37) or 4001 of ERISA) or is subject to Sections 302 or 303 or Title
IV of ERISA or Section 412 or 430 of the Code.

(d) Each of the Employee Benefit Plans and all related trusts, insurance contracts and funds
have been maintained, funded and administered in compliance with their terms and the terms of any
applicable collective bargaining agreement, and in compliance with the applicable provisions of
ERISA, the Code, and any other applicable Legal Requirement. With respect to each Employee Benefit
Plan, all required payments, premiums, contributions, distributions or reimbursements for all
periods ending prior to or as of the Agreement Date have been made or properly accrued.

(e) None of the Sellers or any other “disqualified person” (within the meaning of Section 4975
of the Code) or any “party in interest” (within the meaning of Section 3(14) of ERISA) has engaged
in any “prohibited transaction” (within the meaning of Section 4975 of the Code or Section 406 of
ERISA) with respect to any of the Employee Benefit Plans which could subject any such Employee
Benefit Plans, the Sellers or any officer, director or employee of any of the Sellers to a penalty
or tax under Section 502(i) of ERISA or Section 4975 of the Code.

(f) Each Employee Benefit Plan that is subject to the health care continuation requirements of
Part 6 of Subtitle B of Title I of ERISA or Section 4980B of the Code (collectively, “COBRA”) has
been administered in compliance in all material respects with such requirements. No Employee
Benefit Plan provides medical or life or other welfare benefits to any current or future retired or
terminated employee (or any dependent thereof) of the Sellers other than as required pursuant to
COBRA or applicable state law.

(g) With respect to each Employee Benefit Plan, the Sellers’ Representative has provided the
Buyer with complete and correct copies of (to the extent applicable): (i) all documents pursuant
to which the Employee Benefit Plan is maintained, funded and administered (including the plan and
trust documents, any amendments thereto, the summary plan
descriptions, and any insurance contracts or service provider agreements); (ii) the two most
recent annual reports (IRS Form 5500 series) filed with the Internal Revenue Service (with
applicable attachments); and (iii) the most recent determination letter, if any, received from the
Internal Revenue Service.

 

18

 

3.14 Labor and Employment Matters. Except as set forth on Schedule 3.14: (i) none of the employees employed in the
Business is a party to or bound by any collective bargaining agreement or other labor Contract;
(ii) no labor organization or group of employees has filed any representation petition or made any
written demand for recognition; (iii) no organizing or decertification efforts are underway or, to
the Sellers’ Knowledge, Threatened; (iv) since January 1, 2006, no labor strike, work stoppage,
slowdown or other material labor dispute has occurred, and none is underway or, to the Sellers’
Knowledge, Threatened; (v) there is no employment-related charge (including, but not limited to, an
unfair labor practice charge), complaint, grievance, investigation, inquiry or obligation of any
kind, pending or, to the Sellers’ Knowledge, Threatened, in any forum, relating to an alleged
violation or breach by the Sellers (or their respective directors or officers) of any Legal
Requirement or Contract; (vi) all amounts due or accrued for all salary, wages, bonuses,
commissions, pension benefits or other employee benefits as of the Latest Balance Sheet Date are
reflected in the Latest Balance Sheet; (vii) no employee employed in the Business has any agreement
as to length of notice or severance payment required to terminate his or her employment; and (viii)
the Buyer will not have any liability under any benefit or severance policy, practice, agreement,
plan, or program which exists or arises, or may be deemed to exist or arise, under any applicable
Legal Requirements or otherwise, as a result of the Transaction. With respect to the Transaction,
any notice required under any Legal Requirement or any collective bargaining agreement has been, or
prior to the Closing will be, given, and all bargaining obligations with any employee
representative have been, or prior to the Closing will be, satisfied. Within the past three (3)
years, none of the Sellers has implemented any plant closing or mass layoff of employees as those
terms are defined in the WARN Act.

3.15 Workers Compensation. Schedule 3.15 sets forth all expenses, obligations, duties and liabilities relating
to any claims by employees and former employees (including dependents and spouses) employed in the
Business or otherwise employed by any of the Sellers made since January 1, 2006 and the extent of
any specific accrual on or reserve therefor set forth on the Financial Statements for (a) costs,
expenses and other liabilities under any workers compensation laws in the United States,
regulations, requirements or programs and (b) any other medical costs and expenses. To Seller’s
Knowledge, no claim or injury, fact, event or condition exists that would give rise to a material
claim (individually or in the aggregate) by employees or former employees (including dependents and
spouses) employed in the Business or any ERISA Affiliate of the Sellers under any United States
workers compensation laws, regulations, requirements or programs or for any other medical costs and
expenses.

3.16 Employees. Schedule 3.16(i) is a complete and correct list setting forth (a) the names and
current compensation rates and other compensation of all individuals presently employed in the
Business on a salaried basis, (b) the names and current compensation rates of all individuals
presently employed in the Business on an hourly or piecework basis and (c) the names and total
annual compensation for all independent contractors who render services on a regular or seasonal
basis to the Business. Except as set forth on Schedule 3.16(ii), no Person listed on
Schedule 3.16(i) has received any bonus or increase in compensation, nor has there been any
“general increase” in the compensation or rate of compensation payable to any such employees, since
the Latest Balance Sheet Date and since such date there has been no promise to the employees listed
on Schedule 3.16(i), orally or in writing, of any bonus or increase in compensation,
whether or not legally binding. Schedule 3.16(iii) contains a list of material
perquisites, including, but not limited to, country club dues and similar memberships, car
allowances and car payments, and housing subsidies, and the employees of the Business to which they
have been given during the last three (3) years.

 

19

 

3.17 Albertelli Entities. None of (i) Albertelli Legal, Inc., a Florida corporation, (ii) Albertelli Construction,
Inc., a Florida corporation, nor (iii) Atlanta Sub-Sublandlord owns any of the Purchased Assets or
engages in any aspect of the Business.

3.18 Affiliate Transactions. Except as set forth on Schedule 3.18, no stockholder, officer, director, employee
or Affiliate of any Selling Party or any entity in which any such Person or individual is an
officer, director or the owner of five percent (5%) or more of the beneficial ownership interests,
is a party to any Contract with any Seller related to the Business, or has any interests in any of
the Purchased Assets. Each Affiliate transaction was effected on terms equivalent to those which
would have been established in an arm’s-length negotiation. None of the Selling Parties nor any of
their respective Affiliates has any direct or indirect interest in any competitor of the Business,
except for passive ownership of less than one percent (1%) of the outstanding capital stock of any
competing business that is publicly traded on any recognized exchange or in the over-the-counter
market.

3.19 Insurance Policies. Schedule 3.19 contains a complete and correct list of all insurance policies
(including “self-insurance” programs) currently maintained by the Sellers (the “Insurance
Policies”) and all general liability policies maintained by the Sellers during the past three (3)
years with respect to the Business or the Purchased Assets and all material claims (other than
claims made under group medical plans) now pending or made under any current or prior insurance
policies during such three (3)-year period. The Insurance Policies are in full force and effect,
none of the Sellers is in default under any Insurance Policy and no claim for coverage under any
Insurance Policy has been denied. None of the Sellers has received any notice of cancellation or,
to the Sellers’ Knowledge, intent to cancel or increase or intent to increase premiums with respect
to the Insurance Policies.

3.20 Taxes.

(a) Each of the Sellers (which, for the purpose of this Section 3.20 (other than
Section 3.20(b), (j), (l) and (n)) shall include Albertelli with
respect to his pro rata share of any of the Seller’s items and income and loss described in Section
1366 of the Code (and any comparable provision of state and local income tax law)) (i) has filed or
caused to be filed in a timely manner all Tax Returns it was required to file under applicable
Legal Requirements and all such Tax Returns are true, complete and correct in all material
respects, and (ii) has timely paid in full all Taxes with respect to such Seller which are due and
payable.

(b) The unpaid Taxes of each Seller (x) did not as of the Latest Balance Sheet Date exceed the
reserve for tax liability (rather than any reserve for deferred Taxes established to reflect timing
differences between book and tax income) set forth on the face of the Latest Balance Sheet and (y)
do not exceed that reserve as adjusted for the passage of time through the Agreement Date.

 

20

 

(c) Schedule 3.20(c) contains a list of all jurisdictions (whether foreign or
domestic) in which any Seller is subject to Tax. Each of the Sellers has timely withheld and, if
due, has timely remitted, with respect to its employees, foreign creditors, independent contractors
or other third parties all U.S. Federal and state Taxes, FICA, FUTA, and other Taxes required to be
withheld and/or, if due, timely remitted and all Forms W-2 and 1099 required with respect thereto
have been accurately completed and timely filed.

(d) None of the Sellers have any Tax deficiency outstanding, proposed, assessed, or, to the
Sellers’ Knowledge, Threatened by any Tax authority against the Sellers. None of the Sellers has
executed or requested any waiver of any statute of limitations on or extending the period for the
assessment or collection of any Tax.

(e) No audit or other examination of any Tax Return of any of the Sellers is presently in
progress or pending, nor has any of the Sellers been notified in writing of any request for such an
audit or other examination.

(f) There is no investigation or other Proceeding pending or, to the Sellers’ Knowledge,
Threatened by any Tax authority for any jurisdiction where any of the Sellers do not file Tax
Returns with respect to a given Tax that involves an assertion by such Tax authority that any of
the Sellers is or may be subject to a given Tax in such jurisdiction.

(g) There are no Liens for Taxes on the assets of any of the Sellers other than Liens for
Taxes not yet due and payable.

(h) None of the Sellers is a party to or bound by any Tax indemnity, Tax sharing or Tax
allocation agreements.

(i) None of the Sellers has or ever had a permanent establishment in any foreign country, as
defined in any applicable Tax treaty or convention between the United States and such foreign
country, or nexus or a Taxable presence in a jurisdiction in which it does not file Tax Returns.

(j) No Seller has ever been a member of an Affiliated Group of Corporations within the meaning
of Sections 1504 of the Code or any similar state law.

(k) No Seller has liability for Taxes of any other Person as a transferee or successor by
contract or otherwise.

(l) None of the Sellers has ever been a “United States real property holding corporation”
within the meaning of Section 897(c)(2) of the Code.

(m) None of the Sellers has ever participated in any “reportable transaction” within the
meaning of Section 6707A(c)(1) of the Code or Treasury Regulation Section 1.6011-4(b).

(n) Each Seller is, and at all times has been, an “S corporation” as defined in Section
1361(a)(1) of the Code (and any comparable provision of state and local law).

 

21

 

3.21 Litigation.

(a) Except as set forth on Schedule 3.21(a), there is no pending Proceeding:

(i) that has been commenced by or against any of the Sellers or the Business;

(ii) that otherwise relates to or may affect the Business or any of the Purchased Assets; or

(iii) that challenges, or that may have the effect of preventing, delaying, making illegal, or
otherwise interfering with, the Transaction.

Except as set forth on Schedule 3.21(a), (x) no such Proceeding has, to the Sellers’
Knowledge, been Threatened, and (y) no event has occurred or circumstance exists that may give rise
to or serve as a basis for the commencement of any such Proceeding. The Sellers’ Representative
has delivered to the Buyer complete and correct copies of all pleadings, correspondence, and other
documents relating to each Proceeding listed on Schedule 3.21(a). The Proceedings listed
on Schedule 3.21(a) will not, either individually or in the aggregate, have a Material
Adverse Effect.

(b) Except as set forth on Schedule 3.21(b):

(i) there is no Order to which any Seller or the Business is subject;

(ii) no Seller is subject to any Order that relates to the Business or any of the Purchased
Assets; and

(iii) no officer, manager, member, director, agent or employee of the Sellers is subject to
any Order that prohibits such officer, manager, member, director, agent or employee from engaging
in or continuing any conduct, activity or practice relating to the Business.

(c) Except as set forth on Schedule 3.21(c):

(i) each of the Sellers is, and at all times has been, in compliance with all of the terms and
requirements of each Order to which it is or has been subject;

(ii) no event has occurred or circumstance exists that may constitute or result in (with or
without notice or lapse of time) a violation of or failure to comply with any term or requirement
of any Order to which any Seller, the Business or any of the Purchased Assets is subject; and

(iii) none of the Sellers has received any notice or other communication (whether oral or
written) from any Governmental Body or any other Person regarding any actual, alleged, possible, or
potential violation of, or failure to comply with, any term or requirement of any Order to which
the Sellers, the Business or any of the Purchased Assets is or has been subject.

 

22

 

3.22 Environmental and Safety Requirements. Except as set forth on Schedule 3.22:

(a) the Business and its operations have complied and are in compliance, in each case in all
material respects, with all applicable Environmental and Safety Requirements, and the Business
possesses all required Governmental Authorizations with respect to its operation and all notices or
applications required thereby have been filed.

(b) (i) to Sellers’ Knowledge, the Business has never generated, transported, treated, stored,
disposed of, arranged for the disposal of, or otherwise handled, any Hazardous Materials at any
site, location or facility owned or operated or used by the Business or at any offsite location and
(ii) to the Sellers’ Knowledge, no Hazardous Materials are present on, in, under or emanating from
the Leased Real Property, and the Leased Real Property does not, to Sellers’ Knowledge, contain any
Hazardous Materials except as, for either (i) or (ii), would not result in a condition in material
violation of, or any material liability under, any applicable Environmental and Safety
Requirements.

(c) None of the Sellers has been subject to, or has received any notice of, any private,
administrative or judicial action, order, or investigation relating to any violation of
Environmental and Safety Requirements or the presence or alleged presence of Hazardous Materials
in, under, upon, or emanating from any real or immovable property now or previously owned by any of
the Sellers or used in the Business, and there is no reasonable basis in fact or law for any such
notice or action. There are no pending or, to Seller’s Knowledge, Threatened actions,
investigations, Orders or Proceedings from any Governmental Body or any other entity regarding any
matter relating to Environmental and Safety Requirements.

(d) No facts, events or conditions with respect to the past or present operations or
facilities of any Seller, the Purchased Assets or the Business exist which would reasonably be
expected to interfere with or prevent continued compliance with, or would give rise to any common
law or statutory liability, or otherwise form the basis of any Proceeding against or involving the
Purchased Assets or the Business under any Environmental and Safety
Requirement based on any such fact, event or circumstance, including, but not limited to,
liability for cleanup costs, personal injury or property damage with respect to the Leased Real
Property.

(e) None of the Sellers has, controls or possesses any engineering or environmental studies
with respect to the Leased Real Property or the Business.

 

23

 

3.23 Conduct of the Business. Except as set forth on Schedule 3.23, since the Latest Balance Sheet Date, the
Sellers have conducted the Business only in the ordinary course of business consistent with past
custom and practice, and have incurred no Liabilities other than in the ordinary course of business
consistent with past custom and practice and there has been no Material Adverse Effect, and no
contingency has developed or occurred which could reasonably be expected to result in or cause a
Material Adverse Effect. Without limitation of the foregoing and except as set forth on
Schedule 3.23, since the Latest Balance Sheet, none of the Sellers has:

(a) accelerated or delayed the provision of services, in a manner inconsistent with past
custom and practice;

(b) sold, assigned or transferred any asset or property right (other than inventory in the
ordinary course of business), or mortgaged, pledged or subjected such asset or property right to
any Lien, charge or other restriction, except for Liens for current property taxes not yet due and
payable;

(c) sold, assigned, transferred, abandoned or permitted to lapse any Governmental
Authorizations that are required for the operation of the Business, or related to any of the
Assumed Proprietary Rights or other intangible assets, to Seller’s Knowledge, disclosed any
material proprietary confidential information to any Person without such person executing a
confidentiality and/or non-disclosure agreement designed to limit use and prohibit further
disclosure of such information, granted any license or sublicense of any rights under or with
respect to any Assumed Proprietary Rights or other intangible assets;

(d) made or granted any increase in, or amended (except as may be required by law) or
terminated, any existing plan, program, policy or arrangement, including, but not limited to, any
Employee Benefit Plan or arrangement or adopted any new Employee Benefit Plan or arrangement, or
entered into, modified or terminated any new collective bargaining agreement or multiemployer plan;

(e) undertaken any employee layoffs that could implicate the WARN Act;

(f) made any loans or advances to, or guarantees for the benefit of, or entered into any
transaction with any officer or employee of the Business other than regular salary and expense
reimbursement payments;

(g) suffered any extraordinary loss, damage, destruction or casualty loss to the Business or
waived any rights of value in excess of $50,000, whether or not covered by insurance and whether or
not in the ordinary course of business;

(h) received notification that any material customer of the Sellers or supplier to the
Business will stop or materially decrease in any respect the rate of business done with the Sellers
or the Business, respectively;

(i) entered into any other material transaction, other than in the ordinary course of business
consistent with past custom and practice; or

(j) committed to any of the foregoing.

 

24

 

3.24 Absence of Questionable Payments. None of the Sellers has, nor has any of their respective equityholders, managers,
directors, officers, employees, agents or other Persons acting on behalf of any Seller, (a) used
any corporate or other funds for unlawful contributions, payments, gifts or entertainment, or made
any unlawful expenditures relating to political activity to government officials or others or
established or maintained any unlawful or unrecorded funds in violation of Section 104 of the
Foreign Corrupt Practices Act of 1977 (15 U.S.C. §79dd-2), as amended, or any other applicable U.S.
Federal, state or foreign law, (b) accepted or received any unlawful contributions, payments,
expenditures or gifts, or (c) established or maintained any fund or asset that has not been
recorded in the books and records of the Sellers.

3.25 Government Contracts. Except as set forth on Schedule 3.25, none of the Sellers is a party to, or bound
by the provisions of, any Contract (including purchase orders, blanket purchase orders and
agreements and delivery orders) with the United States government or any department, agency or
instrumentality thereof or any Governmental Body.

3.26 Corporate Name; Business Locations. During the past five (5) years, each of the Sellers has only been known as or used the
corporate, fictitious and trade names set forth opposite such Seller’s name on Schedule
3.26. Except as set forth on Schedule 3.26, none of the Sellers is the surviving
corporation of a merger or consolidation nor has any of the Sellers acquired all or substantially
all of the assets of any Person. During the past five (5) years, none of the Sellers has had an
office or place of business other than as listed on Schedule 3.26.

3.27 Major Clients. Schedule 3.27 sets forth the Major Clients of Albertelli Florida along with the
dollar value of the revenue from each such client for the twelve-month period ended on the Latest
Balance Sheet Date. In the twelve months preceding the Agreement Date, no Major Client of
Albertelli Florida has cancelled or otherwise terminated, or, to the Sellers’ Knowledge, Threatened
to cancel or otherwise terminate, its relationship with Albertelli Florida, or reduce, or, to the
Sellers’ Knowledge, Threatened to reduce, its business with Albertelli Florida. Albertelli Florida
has not received any notice nor has any knowledge that any Major Client intends to cancel or
otherwise adversely modify its relationship with Albertelli Florida as a result of the Transaction.

3.28 Brokers or Finders. None of the Selling Parties or any of their respective Representatives has incurred any
obligation or liability, contingent or otherwise, for brokerage or finders’ fees or agents’
commissions or other similar payment in connection with this Agreement or the Transaction Documents
or the Transaction.

3.29 Disclosure. This Agreement, the Transaction Documents, and the Selling Parties’ Schedules hereto do not
contain any untrue statement of a material fact and do not omit to state a material fact necessary
in order to make the statements contained therein or herein not misleading in light of the
circumstances under which they were made. There is no fact known to any Selling Party relating to
the Purchased Assets, Assumed Liabilities, or the Business that has had, or could reasonably be
expected to have, a Material Adverse Effect.

 

25

 

ARTICLE IV

REPRESENTATIONS AND WARRANTIES OF THE BUYING PARTIES

As a material inducement to the Selling Parties to enter into this Agreement, the Buying
Parties represent and warrant to the Selling Parties as follows (each of the Persons included
within the definition of the Buying Parties hereby makes the following representations and
warranties on a joint and several basis):

4.1 Organization and Good Standing. The Buyer is a limited liability company duly organized, validly existing and in good
standing under the laws of the State of Michigan. DMC is a corporation duly organized, validly
existing and in good standing under the laws of the State of Delaware. The Buyer has the requisite
limited liability company power and authority to execute and deliver this Agreement and the other
Transaction Documents to be executed by it, to perform its obligations hereunder and thereunder and
to consummate the Transaction. DMC has the requisite corporate power and authority to execute and
deliver this Agreement and the other Transaction Documents to be executed by it, to perform its
obligations hereunder and thereunder and to consummate the Transaction.

4.2 Authorization. The execution and delivery of this Agreement and the Transaction
Documents by each of the Buying Parties which is a party thereto, and the performance by each
Buying Party of its obligations hereunder and thereunder, have been duly authorized by all
necessary limited liability company or corporate action, as the case may be. This Agreement and
the Transaction Documents to which a Buying Party is a party have been duly and validly executed
and delivered by each Buying Party. This Agreement and the Transaction Documents to which a Buying
Party is a party will constitute, upon such execution and delivery hereof, the valid and binding
obligations of such Buying Party, enforceable against
such Buying Party in accordance with their respective terms except as enforcement thereof may
be limited by applicable Insolvency Laws.

4.3 No Conflict. Neither the execution and delivery of this Agreement or any Transaction Document by any
Buying Party, the performance by them of any of their obligations under this Agreement or any
Transaction Document or the consummation of the Transaction will, directly or indirectly:

(a) contravene, conflict with, or result in (with or without notice or lapse of time) a
violation or breach of (i) any provision of the Organizational Documents of any of the Buying
Parties, (ii) any resolution adopted by the board of directors of DMC or the managing member of the
Buyer, or (iii) any Legal Requirement, Governmental Authorization, Contract or Order to which any
of the Buying Parties may be subject; or

(b) give any Person or Governmental Body the right (with or without notice or lapse of time)
to declare a default or exercise any remedy under, or to accelerate the maturity or performance of,
or to cancel, terminate, modify, withdraw or suspend any Contract, Legal Requirement, Governmental
Authorization or Order applicable to any of the Buying Parties.

 

26

 

4.4 No Consent Required. No Consent is required to be made or obtained by any of the
Buying Parties in connection with the authorization, execution, delivery or performance of this
Agreement and the Transaction Documents or the consummation of the Transaction.

4.5 Financial Statements.

(a) Unaudited Financial Statements. Attached as Schedule 4.5(a) hereto are
the following unaudited financial statements of the Buyer (collectively, the “Buyer Unaudited
Financial Statements”):

(i) the unaudited balance sheet for the Buyer as of December 31, 2008; and

(ii) the unaudited statements of operations for the Buyer for the twelve month period ended
December 31, 2008.

(b) Attached as Schedule 4.5(b) hereto are the following unaudited financial
statements of the Buyer (collectively, the “Buyer Interim Financial Statements”):

(i) the unaudited balance sheet of the Buyer as of June 30, 2009 (the “Buyer’s Latest Balance
Sheet”); and

(ii) the unaudited statement of income for the Buyer for the six (6) month fiscal period ended
June 30, 2009.

(c) Each of the Buyer Financial Statements is consistent with the books and records of the
Buyer and fairly reflects in all material respects the financial condition and results of
operations of the Buyer as of the date and for the periods related thereto and have been
prepared in accordance with GAAP applied on a consistent basis (except for the absence of
footnote disclosure and normal and immaterial year-end adjustments) throughout the periods covered
thereby and the Buyer Financial Statements disclose all material liabilities, direct or contingent,
of the Buyer as of the dates thereof as required to be disclosed by GAAP. The books and records of
the Buyer are complete and correct in all material respects and fairly and accurately present and
reflect in all material respects all of the transactions of the Buyer. Neither set of Buyer
Financial Statements include footnote disclosure.

4.6 SEC Reports; DMC Financial Statements. The DMC SEC Reports (x) were prepared in
accordance in all material respects with the requirements of the Exchange Act and the rules and
regulations thereunder and (y) did not at the time they were filed with the SEC contain any untrue
statement of a material fact or omit to state a material fact required to be stated therein or
necessary in order to make the statements made therein, in the light of the circumstances under
which they were made, not misleading. The financial statements and notes contained or incorporated
by reference in the DMC SEC Reports fairly present in all material respects the consolidated
financial condition and the consolidated results of operations, changes in stockholders’ equity,
and cash flow of DMC as at the respective dates of and for the periods referred to in such
financial statements, all in accordance with GAAP and. Regulation S-X of the SEC, subject, in the
case of interim financial statements, to year-end adjustments.

 

27

 

4.7 Litigation. Except as may be disclosed in the DMC SEC Reports, there are no
material Proceedings or Orders pending or, to the Buyer’s knowledge, Threatened, against the Buyer,
nor is the Buyer subject to any material Order.

4.8 Relationship of Buying Parties. DMC, through a wholly-owned subsidiary, owns
approximately 84.67% of the outstanding equity interests of the Buyer.

4.9 Brokers and Finders. Neither the Buyer nor its Representatives has incurred any
obligation or liability, contingent or otherwise, for brokerage or finders’ fees or agents’
commissions or other similar payment in connection with this Agreement or the Transaction Documents
or the Transaction.

ARTICLE V

COVENANTS OF THE SELLING PARTIES PRIOR TO THE CLOSING

During the period from the Agreement Date and continuing until the Closing Date, the Selling
Parties each agree that:

5.1 No Transfer or Inconsistent Action. Each Seller shall not (i) sell, transfer or
otherwise dispose of any of the Purchased Assets except in each case in the ordinary course of
business consistent with past practices, (ii) grant any new Lien on any of the Purchased Assets, or
(iii) take any action inconsistent with the terms of this Agreement or the Transaction Documents.

5.2 Conduct of Business in Ordinary Course. The Sellers shall carry on the Business in the
usual, regular and ordinary course in substantially the same manner as conducted by the Sellers
immediately prior to the Agreement Date and use commercially reasonable efforts to preserve intact
their respective present business organizations, keep available the services of their respective
present officers and employees and preserve their respective relationships with customers,
suppliers and others having material business dealings with them to the end that their respective
goodwill and ongoing businesses shall not be impaired in any material respect at the Closing Date.
Without limiting the foregoing, except as consented to by the Buyer in writing or as specifically
permitted by this Agreement:

(a) Each Seller shall not (i) amend an existing or enter into a new Employee Benefit Plan or
amend or enter into a new collective bargaining agreement, (ii) make any representation or promise,
oral or written, to any officer, employee or consultant of the Sellers concerning any compensation,
bonus arrangement or Employee Benefit Plan, (iii) make any increase in the salary, wages or other
compensation of any officer, employee or consultant of the Sellers exclusively involved in the
operation of the Business (rather than the Sellers’ provision of Legal Services) whose annual
salary is or, after giving effect to such change, would be $75,000 or more, (iv) hire or otherwise
retain the services of any employee or independent contractor exclusively involved in the operation
of the Business (rather than the Sellers’ provision of Legal
Services) with annual compensation (whether fixed or contingent, and whether from salary,
bonus, commission or otherwise) in excess of $75,000 in the aggregate, (v) create or permit to
exist any Lien on any of the Purchased Assets, (vi) make any new commitments for capital
expenditures in excess of $25,000, (vii) issue any equity securities, and (viii) acquire or incur
any obligation in connection with the acquisition of any material asset; and

 

28

 

(b) Each Seller shall (i) use commercially reasonable efforts to cause all of the Purchased
Assets to be maintained in good repair, order and condition (without making any material
alterations thereto), ordinary wear and tear excepted, (ii) maintain and keep in full force all
existing forms of insurance, (iii) cause its books and records to be maintained in the regular and
ordinary manner on a basis consistent with past practices, (iv) perform and comply in all material
respects with its obligations under all Contracts, (v) comply in all material respects with all
Legal Requirements and (vi) use commercially reasonable efforts to maintain all existing
relationships with the employees, agents, subscribers, customers and vendors of, and others having
business dealings with, the Sellers.

5.3 No Solicitations. For so long as this Agreement remains in full force and effect, no
Selling Party shall, nor shall any of them authorize or permit any of their respective Affiliates,
equityholders, managers, directors, officers, employees, or agents or any investment banker,
financial advisor or other Representative retained by such Selling Party, entertain, solicit,
initiate or encourage (including by way of furnishing information), or take any other action to
facilitate (including the provision of information regarding the Sellers and the Business), any
inquiries or the making of any proposal that constitutes, or may reasonably be expected to lead to,
any tender or exchange offer, proposal for a merger, consolidation or other business combination
involving the Sellers or the Business, or any proposal or offer to acquire in any manner a material
equity interest in, or a material portion of the assets of, any of the Sellers or engage in any
other transaction outside the ordinary course of business consistent with past practice and custom,
other than the Transaction, or agree to or endorse any such proposal, or engage in any negotiations
or discussions with any Person relating to any such proposal. For so long as this Agreement
remains in full force and effect, each Selling Party shall promptly advise the Buyer orally and in
writing of any inquiries regarding, or offers of, any such proposal, including the identity of the
Person making such inquiries or offers and the terms of the proposal.

5.4 Buyer’s Investigation. Upon reasonable notice, each Selling Party shall afford to the
Representatives of the Buyer reasonable access during normal business hours to the offices,
facilities, properties, files, books and records relating to the Business and the Purchased Assets
so as to afford the Buyer the opportunity to make such review, examination and investigation
thereof as it may desire. The Buyer shall be permitted to make extracts from or to make copies of
such books and records as may be reasonably necessary. In addition, each Selling Party shall make
available, or use its commercially reasonable efforts to make available, the officers, employees,
clients, customers and vendors of the Sellers, in order that the Representatives of the Buyer may
discuss with such Persons, the Sellers and the Business. No investigation by the Buyer or its
Representatives shall
modify or limit the scope of the Selling Parties’ representations and warranties in this Agreement
or in the Transaction Documents or limit the Sellers’ liability for any breach thereof.

5.5 Advice of Changes; Filings. The Sellers’ Representative shall, on a regular basis,
report to the Buyer on operational matters of the Business and promptly advise the Buyer orally and
in writing of any change or event having, or which, insofar as can reasonably be foreseen, could
result in a Material Adverse Effect and shall promptly notify the Buyer of any representations and
warranties that become no longer true. The Sellers’ Representative shall promptly provide the
Buyer copies of all filings made by any Selling Party with any Governmental Body in connection with
this Agreement and the Transaction Documents and the Transaction.

 

29

 

ARTICLE VI

CONDITIONS PRECEDENT TO CLOSING

6.1 Obligations of the Buyer. The obligation of the Buyer to close the Transaction is
subject to the satisfaction at or before the Closing of each of the following conditions:

(a) No claim, suit, action or other proceeding shall be pending or Threatened before any court
or Governmental Body seeking to restrain, prohibit or obtain damages or other relief in connection
with this Agreement, the other Transaction Documents or the consummation of the Transaction and no
investigation or inquiry shall have been made or commenced by any Governmental Body in connection
with this Agreement, the Transaction Documents or such transactions.

(b) Each of the representations and warranties of the Selling Parties made in or pursuant to
this Agreement shall be true and correct on and as of the Closing Date as if made on and as of the
Closing Date, and the Buyer shall have received a certificate signed by the Sellers’
Representative, on behalf of the Selling Parties, to such effect and such certificate shall be
deemed to be a representation and warranty of the Selling Parties as of the time immediately
preceding the Closing.

(c) Each Selling Party shall have performed and complied with all covenants and conditions
required under this Agreement to be performed or complied with by such Selling Party at or prior to
the Closing, and the Buyer shall have received a certificate signed on behalf of the Sellers’
Representative, on behalf of the Selling Parties, to such effect and such certificate shall be
deemed to be a representation and warranty of the Selling Parties as of the time immediately
preceding the Closing.

(d) The Selling Parties shall have delivered all documents required to be delivered at the
Closing pursuant to Section 7.2 hereof.

(e) The Buyer shall have obtained all Governmental Authorizations required to operate the
Business.

(f) Subject to the terms of this Agreement, all actions, proceedings, instruments, and
documents reasonably required to carry out this Agreement or incidental hereto, and all other
related legal matters, shall have been reasonably approved as to form and substance by the Buyer,
and the Buyer shall have received all documents, certificates and other papers reasonably requested
by it in connection therewith.

 

30

 

6.2 Conditions to Obligations of the Selling Parties. The obligation of the Selling
Parties to close the Transaction are subject to the satisfaction at or before the Closing of each
of the following conditions:

(a) No claim, suit, action or other proceeding shall be pending or Threatened before any court
or Governmental Body seeking to restrain, prohibit or obtain damages or other relief in connection
with this Agreement, the other Transaction Documents or the consummation of the Transaction and no
investigation or inquiry shall have been made or commenced by any Governmental Body in connection
with this Agreement, the Transaction Documents or such transactions.

(b) Each of the representations and warranties of the Buying Parties made in or pursuant to
this Agreement shall be true and correct on and as of the Closing Date as if made on and as of the
Closing Date, and the Sellers’ Representative shall have received a certificate signed on behalf of
each of the Buying Parties to such effect and such certificate shall be deemed to be a
representation and warranty of the Buying Parties as of the time immediately preceding the Closing.

(c) The Buying Parties shall have performed and complied with all covenants and conditions
required of the Buying Parties under this Agreement to be performed or complied with by it at or
prior to the Closing, and the Sellers’ Representative shall have received a certificate signed on
behalf of each of the Buying Parties to such effect and such certificate shall be deemed to be a
representation and warranty of the Buying Parties as of the time immediately preceding the Closing.

(d) The Buyer shall have delivered all documents required to be delivered by it at the Closing
pursuant to Section 7.3 hereof.

(e) Subject to the terms of this Agreement, all actions, proceedings, instruments, and
documents reasonably required to carry out this Agreement or incidental hereto, and all other
related legal matters, shall have been reasonably approved as to form and substance by the Sellers’
Representative, and the Sellers’ Representative shall have received all documents, certificates and
other papers reasonably requested by him in connection therewith.

6.3 Reasonable Efforts. Each of the Selling Parties shall use commercially reasonable
efforts, including reasonable cooperation with the other parties hereto, to secure fulfillment of
all of the conditions precedent to the Buyer’s obligations hereunder, and the Buying Parties shall
use commercially reasonable efforts, including reasonable cooperation with the other parties
hereto, to secure fulfillment of all of the conditions precedent to the Selling Parties’
obligations hereunder.

 

31

 

ARTICLE VII

CLOSING

7.1 Closing. Subject to the satisfaction of the conditions precedent set forth
herein, the transactions that are the subject of this Agreement shall be consummated at a closing
(the “Closing”), which shall be held at the offices of Katten Muchin Rosenman LLP, 525 West Monroe,
Chicago, Illinois 60661 on the fifth Business Day after the conditions set forth in Article
VI have been satisfied in accordance with the provisions hereof, or at such later time or date
to which the parties may agree in writing (the “Closing Date”). The Closing shall be effective as
of 12:01 a.m. Eastern Standard Time on the day immediately after the Closing Date (the “Effective
Time”).

7.2 Deliveries by the Selling Parties. At the Closing, the Sellers’ Representative,
on behalf of the Selling Parties, shall deliver to the Buyer the following, all of which shall be
deemed to be delivered simultaneously:

(a) Instruments of Conveyance. The Bill of Sale duly executed by each of the Sellers
and instruments of conveyance for any Assumed Proprietary Rights reasonably requested by the Buyer
in form and substance reasonably satisfactory to the Buyer, including assignments of trademarks,
domain names and copyrights.

(b) Opinion of Florida Ethics Counsel. An opinion from Hinshaw & Culbertson LLP,
dated as of the Closing Date, addressed to the Buyer and its financing sources, in form and
substance reasonably acceptable to the Buyer, indicating that the operation of the Business by the
Buyer post-Closing as presently contemplated does not violate any Florida law relevant to the
unauthorized practice of law or the sharing of fees from the Practice of Law with a non-lawyer.

(c) Opinion of Georgia Ethics Counsel. An opinion from Carlock, Copeland & Stair,
LLP, dated as of the Closing Date, addressed to the Buyer and its financing sources, in form and
substance reasonably acceptable to the Buyer, indicating that the operation of the Business by the
Buyer post-Closing as presently contemplated does not violate any Georgia law relevant to the
unauthorized practice of law or the sharing of fees from the Practice of Law with a non-lawyer.

(d) Organizational Documents of the Sellers. For each Seller, a certificate, in form
and substance reasonably acceptable to the Buyer, dated as of the Closing Date and duly executed by
the Secretary of such Seller certifying (i) as to the incumbency and signatures of the officers of
such Seller executing any documents being delivered to the Buyer in connection with the
Transaction, and (ii) that attached to such certificate are true and correct copies of (w) the
certificate or articles of incorporation, as the case may be, of such Seller, and all amendments
thereto as in effect on the Closing Date and certified (1) by the Florida Department of State with
respect to Albertelli Florida and Albertelli Title and (2) by the Secretary of State of Georgia
with respect to Albertelli Georgia, (x) the by-laws of such Seller as in effect on the Closing
Date, (y) a good standing certificate for such Seller issued not more than ten (10) days prior to the
Closing Date by (i) (1) by the Florida Department of State with respect to Albertelli Florida and
Albertelli Title and (2) by the Secretary of State of Georgia with respect to Albertelli Georgia,
and (ii) by the applicable Governmental Body for each jurisdiction in which such Seller is
qualified to do business as a foreign a corporation set forth opposite such Seller’s name on
Schedule 3.1(i) and (z) the resolutions of the board of directors of such Seller and the
written consent of Albertelli as the sole stockholder of such Seller authorizing the execution and
delivery of this Agreement and the Transaction Documents to which such Seller is a party thereto
and the consummation of the Transaction.

 

32

 

(e) Certificate. A certificate, in form and substance reasonably acceptable to the
Buyer, dated as of the Closing Date and duly executed by the Sellers’ Representative, certifying
the fulfillment of the conditions set forth in Sections 6.1(b) and 6.1(c) hereof.

(f) Required Consents. All (i) Required Contract Consents in form and substance
reasonably satisfactory to the Buyer and (ii) other Consents identified on Schedule 3.5 in
form and substance reasonably satisfactory to the Buyer.

(g) Indebtedness Payments Documentation. Documentation setting forth the amount of
and the procedures for making the Indebtedness Payments, if any, as well as the agreement of each
creditor that, upon receipt of a specified amount, its Indebtedness shall be paid in full and the
agreement of each applicable creditor to release all of its Liens, including, but not limited to,
the filing of termination statements under the Uniform Commercial Code, upon the assets of any of
the Sellers upon such creditor’s receipt of its portion of the Indebtedness Payments.

(h) FIRPTA Affidavits. A non-foreign affidavit dated as of the Closing Date sworn
under penalty of perjury and in form and substance required under the Treasury Regulation pursuant
to Section 1445 of the Code from each Seller stating that such Seller is not a “Foreign Person” as
defined in Section 1445 of the Code.

(i) Possession of Purchased Assets. Legal and actual possession of the Purchased
Assets, together with any keys, combinations, alarm systems and related codes and other rights of
access required to take legal and actual possession of the Purchased Assets.

(j) Employment Agreement. The employment agreement between the Buyer and Albertelli,
in the form attached hereto as Exhibit 7.2(j) (the “Employment Agreement”) duly executed by
Albertelli.

(k) Florida Services Agreement. The services agreement between the Buyer and
Albertelli Florida in the form attached hereto as Exhibit 7.2(k) (the “Florida Services
Agreement”) duly executed by Albertelli Florida.

(l) Georgia Services Agreement. The services agreement between the Buyer and
Albertelli Georgia in the form attached hereto as Exhibit 7.2(l) (the “Georgia Services
Agreement”) duly executed by Albertelli Georgia.

(m) Jacksonville Real Estate Documents. (i) The sublease agreement between the Buyer
and Albertelli Florida in the form attached hereto as Exhibit 7.2(m)-1 (the “Jacksonville
Sublease Agreement”) duly executed by Albertelli Florida, and (ii) the landlord estoppel
certificate, in the form attached hereto as Exhibit 7.2(m)-2, executed by the lessor under
the Real Property Lease which is the subject of the Jacksonville Sublease Agreement.

 

33

 

(n) Tampa Real Estate Documents (Suite 410). (i) The sublease agreement between the
Buyer and Albertelli Florida in the form attached hereto as Exhibit 7.2(n)-1 (the “Tampa
Suite 410 Sublease Agreement”) duly executed by Albertelli Florida, (ii) the landlord estoppel
certificate, in the form attached hereto as Exhibit 7.2(n)-2, executed by the Tampa
Landlord, and (iii) the landlord waiver and consent, in the form attached hereto as Exhibit
7.2(n)-3, executed by the Tampa Landlord.

(o) Tampa Real Estate Documents (Suites 400 and 420). (i) The sub-sublease agreement
between the Buyer and Albertelli Florida in the form attached hereto as Exhibit 7.2(o)-1
(the “Tampa Suites 400 and 420 Sub-Sublease Agreement”) duly executed by Albertelli Florida, (ii)
the landlord estoppel certificate, in the form attached hereto as Exhibit 7.2(o)-2,
executed by the Tampa Landlord, (iii) the sublandlord estoppel certificate, in the form attached
hereto as Exhibit 7.2(o)-3, executed by the Tampa Sublandlord, and (iv) the landlord and
sublandlord consent, in the form attached hereto as Exhibit 7.2(o)-4, executed by the Tampa
Landlord and the Tampa Sublandlord.

(p) Atlanta Real Estate Documents. (i) The sub-sublease agreement between the Buyer
and the Atlanta Sub-Sublandlord, in the form attached hereto as Exhibit 7.2(p)-1 (the
“Atlanta Sub-Sublease Agreement”) duly executed by the Atlanta Sub-Sublandlord, (ii) the landlord
estoppel certificate, in the form attached hereto as Exhibit 7.2(p)-2, executed by the
Atlanta Landlord, (iii) the sublandlord estoppel certificate, in the form attached hereto as
Exhibit 7.2(p)-3, executed by the Atlanta Sublandlord, and (iv) the landlord and
sublandlord consent, in the form attached hereto as Exhibit 7.2(p)-4, executed by the
Atlanta Landlord and the Atlanta Sublandlord.

(q) Post-Closing Agreement. A letter agreement between the Buyer and each of the
Selling Parties, in the form attached hereto as Exhibit 7.2(q) (the “Post-Closing
Agreement”).

(r) Other Documents. Such other documents as the Buyer may reasonably request with
respect to the Transaction.

7.3 Deliveries by Buyer. At the Closing, the Buyer shall deliver to the Sellers’
Representative the following, all of which shall be deemed to be delivered simultaneously:

(a) Closing Cash Consideration. Payment of the Closing Cash Consideration in
accordance with Section 2.1.

(b) Instruments of Assumption. The Bill of Sale duly executed by the Buyer.

 

34

 

(c) Organizational Documents of the Buyer. A certificate, dated as of the Closing
Date and duly executed by the Secretary of the Buyer certifying (i) as to the incumbency and
signatures of the officers of the Buyer executing any documents being delivered to the Sellers’
Representative in connection with the Transaction, and (ii) that attached to such certificate are
true and correct copies of (x) the articles of organization of the Buyer, and all amendments
thereto as in effect on the Closing Date and certified by the Secretary of State of Michigan, (y) a
good standing certificate for the Buyer issued not more than ten (10) days prior to the Closing
Date by the Secretary of State of Michigan, and (z) the resolutions of the managing member of the
Buyer authorizing the execution and delivery of this Agreement and the Transaction Documents to
which the Buyer is a party thereto and the consummation of the Transaction.

(d) Certificate. A certificate, in form and substance reasonably acceptable to the
Sellers, dated as of the Closing Date and duly executed by each of the Buying Parties certifying
the fulfillment of the conditions set forth in Sections 6.2(b) and 6.2(c).

(e) Employment Agreement. The Employment Agreement duly executed by the Buyer.

(f) Florida Services Agreement. The Florida Services Agreement duly executed by the
Buyer.

(g) Georgia Services Agreement. The Georgia Services Agreement duly executed by the
Buyer.

(h) Jacksonville Sublease Agreement. The Jacksonville Sublease Agreement duly
executed by the Buyer.

(i) Tampa Suite 410 Sublease Agreement. The Tampa Suite 410 Sublease Agreement duly
executed by the Buyer.

(j) Tampa Suites 400 and 420 Sub-Sublease Agreement. The Tampa Suites 400 and 420
Sub-Sublease Agreement duly executed by the Buyer.

(k) Atlanta Sub-Sublease Agreement. The Atlanta Sub-Sublease Agreement duly executed
by the Buyer.

(l) Post-Closing Agreement. The Post-Closing Agreement duly executed by the Buyer.

(m) Other Documents. Such other documents as the Sellers’ Representative may
reasonably request with respect to the Transaction.

7.4 Termination.

(a) Notwithstanding any other provision of this Agreement, this Agreement may be terminated by
written notice at any time prior to Closing:

(i) by either (A) the Buyer or (B) the Sellers’ Representative in each case after October 30,
2009;

(ii) by joint written consent of the Buyer and the Sellers’ Representative;

 

35

 

(iii) by the Buyer, if any Selling Party shall breach any of his or its representations,
warranties or obligations hereunder and, if such breach is curable, such breach shall not have been
cured by such Selling Party or waived in writing by the Buyer within ten (10) Business Days after
receipt of written notice of such breach from the Buyer; or

(iv) by the Sellers’ Representative, on behalf of the Sellers, if the Buying Parties shall
breach any of their representations, warranties or obligations hereunder and, if such breach is
curable, such breach shall not have been cured by the Buying Parties or waived in writing by the
Sellers’ Representative within ten (10) Business Days after receipt of written notice of such
breach from the Sellers’ Representative.

(b) In the event of termination under clause (a)(i) or (a)(ii) of this Section 7.4, no
party shall have any Liabilities pursuant to this Agreement to any other party unless such party
was in breach of this Agreement in which case the nonbreaching party shall be entitled to pursue
all of its rights and remedies. Termination under clause (a)(iii) or (a)(iv) of this Section
7.4 shall be in addition to all other rights and remedies of the nonbreaching party.

ARTICLE VIII

COVENANTS AFTER CLOSING

8.1 No Assignment in Certain Circumstances. Notwithstanding anything herein to the
contrary, this Agreement shall not constitute an agreement to sell, convey, assign, transfer or
deliver any interest in any instrument, commitment or other Contract or arrangement or Governmental
Authorization or any claim, right or benefit arising thereunder or resulting therefrom, if a sale,
conveyance, assignment, transfer or delivery or an attempt to make such a sale, conveyance,
assignment, transfer or delivery without the authorization, approval, consent or waiver of a third
party would constitute a breach or violation thereof or affect adversely the rights of any of the
Sellers or the Buyer thereunder; and any sale, conveyance, assignment, transfer or delivery to the
Buyer of any interest under any such instrument, commitment or other Contract or arrangement or
Governmental Authorization that requires the authorization, approval, consent or waiver of a third
party shall be made subject to such authorization, approval, consent or waiver being obtained. In
the event that any such authorization, approval, consent or waiver is not obtained on or prior to
the Closing Date and the Buyer waives its right to delivery thereof under Section 7.2, each
of the Selling Parties shall use their respective commercially reasonable efforts to obtain any
such authorization, approval, consent or waiver upon request by the Buyer (provided that in
obtaining any such authorization, approval, consent or waiver, no Selling Parties shall agree to
any amendment, modification or supplement of any such instrument, commitment or other Contract or
arrangement or
Governmental Authorization without the Buyer’s prior written consent), and the Seller which is
a party thereto or a recipient or holder thereof shall, to the greatest extent permitted by law and
any such agreement or instrument, commitment or other Contract or arrangement or Governmental
Authorization (including by acting as an agent of Buyer or its Affiliates), hold such instrument,
commitment or other Contract or arrangement or Governmental Authorization or any claim, right or
benefit arising thereunder or resulting therefrom in trust for the benefit of the Buyer and its
Affiliates or otherwise for the exclusive

 

36

 

use and benefit of the Buyer and its Affiliates such that
the Buyer and its Affiliates receive the interest of such Seller in the benefits therefrom until
such time as such authorization, approval, consent or waiver is obtained, all at no additional cost
to the Buyer, but such instrument, commitment or other Contract or arrangement or Governmental
Authorization shall not be deemed to be included in the Purchased Assets unless and until such
authorization, approval, consent or waiver is obtained. The Buyer shall perform, as a
subcontractor or on a similar basis, the obligations under such instrument, commitment or other
Contract or arrangement or Governmental Authorization, and shall indemnify the Sellers for any
Liabilities arising out of any breach by the Buyer of any such instrument, commitment or other
Contract or arrangement or Governmental Authorization.

8.2 The Sellers’ Representative’s Access to Information. After the Closing Date, the
Buyer will give, or cause to be given, to the Sellers’ Representative and his Representatives,
during normal business hours, such reasonable access to the personnel, properties, titles,
contracts, books, records, files and documents included in the Purchased Assets and, at the
Sellers’ Representative sole expense, copies of such titles, contracts, books, records, files and
documents included in the Purchased Assets, only as is necessary to allow the Sellers’
Representative to obtain information in connection with the preparation and any audit of any of the
Seller’s Tax Returns and any claims, demands, other audits, suits, actions or Proceedings by or
against any of the Sellers as the previous owners and operators of the Purchased Assets and the
Business. The Buyer agrees to cooperate reasonably with the Sellers’ Representative after the
Effective Time, at the Sellers’ Representative sole expense, with respect to any claims, demands,
Tax or other audits, suits, actions and Proceedings by or against any of the Sellers as the
previous owners and operators of the Purchased Assets and the Business, other than Direct Claims.

8.3 The Buyer’s Access to Information. After the Closing Date, the Sellers’
Representative, on behalf of each of the Selling Parties, will give, or cause to be given, to the
Buyer and its Representatives, including the Buyer’s independent auditors, during normal business
hours, such reasonable access to (x) the personnel, properties, titles, Contracts, books, records,
files and documents of the Selling Parties not included in the Purchased Assets and (y) to each
Selling Party’s auditors and, at the Buyer’s expense, copies of titles, Contracts, books, records,
files and documents not included in the Purchased Assets as is necessary to allow the Buyer to
obtain information in connection with the preparation and any audit of the Buyer’s Tax Returns and
any claims, demands, other audits, suits, actions or Proceedings by or against the Buyer as the
owner and operator of the Purchased Assets and the Business. The Sellers’ Representative agrees to
cause each of the Selling Parties to cooperate reasonably with the Buyer after the Effective Time,
at the Buyer’s expense, with respect to any claims, demands, Tax or other audits, suits, actions
and Proceedings by or against
the Buyer as the owner and operator of the Purchased Assets and the Business, other than
Direct Claims.

8.4 Retention of Records. The Sellers’ Representative, on behalf of each of the
Selling Parties, agrees that he shall retain, and shall cause each of the other Selling Parties to
retain, (i) all Tax Returns, schedules and work papers, and all material records and other
documents relating thereto with respect to the operation of the Business prior to the Effective
Time, until the expiration of the statute of limitations (including any extensions thereof) of the
respective Tax periods and (ii) for a period of time not less than three (3) years after the
Closing any books and records (including accounting records) relating to the Business and not

 

37

 

included
in the Purchased Assets. At the Buyer’s request, the Sellers’ Representative will, and
will cause the Selling Parties to, make such books and records available to and otherwise cooperate
with the Buyer and its Representatives so that an audit of the financial statements of the Business
for periods prior to the Closing can be performed in accordance with generally accepted auditing
standards. Such cooperation shall include causing management representation letters to be
delivered to any accounting firm retained by the Buyer in connection with such audit by the Sellers
and any other current or former officers of any of the Sellers or their respective Affiliates as
shall be reasonably requested by the Buyer or its Representatives. Each Selling Party hereby
consents to the use and disclosure by the Buyer or its Affiliates of such Selling Party’s financial
statements (or any portion thereof) and other information relating to the Business in any
securities filings to be made by the Buyer or any of its Affiliates or as may otherwise be required
by applicable securities laws or applicable securities exchange on which any securities of DMC
trade.

8.5 Indemnification.

(a) Indemnification by the Selling Parties. Subject to the limitations set forth in
this Section 8.5, from and after the Closing, each of the Selling Parties, jointly and
severally, agrees to indemnify, defend and save the Buyer and its Affiliates, and each of their
respective officers, directors, managers, employees, equityholders, attorneys and agents, (each, a
“Buyer Indemnified Party”), harmless from and against, and to promptly pay to each Buyer
Indemnified Party or reimburse each Buyer Indemnified Party for, any and all liabilities (whether
contingent, fixed or unfixed, liquidated or unliquidated, or otherwise), obligations, deficiencies,
demands, claims, suits, actions, causes of action, assessments, losses, diminution in value, costs,
expenses, interest, fines, penalties, damages or costs or expense of any and all investigations,
Proceedings, judgments, settlements, Taxes and compromises (including reasonable fees and expenses
of attorneys, accountants and other experts, but excluding lost profits and exemplary or special
damages, unless such profits or damages are actually paid by any Buyer Indemnified Party in
connection with a Third Party Claim) (individually and collectively, “Losses”) sustained or
incurred by any such Buyer Indemnified Party relating to, resulting from, or otherwise arising out
of any of the following:

(i) any breach or inaccuracy, or claim alleging a breach or inaccuracy, of a representation or
warranty made in this Agreement or in any of the Transaction Documents by the Selling Parties;

(ii) any non-compliance with or breach by any Selling Party of any of the covenants or
agreements contained in this Agreement or any of the Transaction Documents (other than the Services
Agreements) to be performed by such Selling Party;

(iii) any Liability of any Seller or any assertion against a Buyer Indemnified Party to the
extent resulting from, arising out of or relating to any of the Excluded Liabilities or Excluded
Assets;

(iv) the ownership, operation or conduct of the Business or the Purchased Assets on or prior
to the Effective Time;

 

38

 

(v) any services provided by any of the Selling Parties prior to the Effective Time,
regardless of when such claim is made;

(vi) any current or former employees of the Sellers, including, but not limited to, accrued
vacation pay, severance pay, accrued sick pay, uninsured COBRA benefits incurred by the Sellers
with respect to the Business and other similar amounts and benefits, in each case incurred prior to
the Effective Time;

(vii) any claim for payment of fees and/or expenses as a broker or finder in connection with
the origination, negotiation, execution or consummation of the Transaction based upon an agreement
or alleged agreement between the claimant and any Selling Party or any of his, her or its
Affiliates;

(viii) any failure by the Sellers to comply with any bulk sales or similar laws applicable to
the Transaction; and

(ix) any Liabilities for (a) Taxes imposed upon, or incurred by, any of the Sellers or any of
their respective Affiliates at any time, (b) Taxes imposed upon or incurred in connection with the
operation of the Business during any period (or portion of any period) ending on or before the
Closing Date, (c) any transfer, sales and use, withholding and any other similar Taxes imposed on,
or with respect to, the Transaction and (d) any Taxes imposed on Buyer as transferee or successor
of any of the Sellers.

(b) Indemnification by the Buying Parties. Subject to the limitations set forth in
this Section 8.5, from and after the Closing, each of the Buying Parties, jointly and
severally, agrees to indemnify, defend and save the Selling Parties and their respective
Affiliates, and each of their respective officers, directors, managers, employees, equityholders,
attorneys and agents (each, a “Seller Indemnified Party”) harmless from and against, and to
promptly pay to each Seller Indemnified Party or reimburse each Seller Indemnified Party for, any
and all Losses sustained or incurred by such Seller Indemnified Party relating to, resulting from,
or otherwise arising out of, any of the following:

(i) any breach or inaccuracy, or claim alleging a breach or inaccuracy, of a representation or
warranty made in this Agreement or in any of the Transaction Documents by any Buying Party;

(ii) any non-compliance with or breach by the Buying Parties, or either of them, of any of the
covenants or agreements contained in this Agreement or any of the Transaction Documents (other than
the Services Agreements) to be performed by the Buying Parties, including, but not limited to, any
failure to pay any installment of the Purchase Price when due;

(iii) any claim for payment of fees and/or expenses as a broker or finder in connection with
the origination, negotiation, execution or consummation of the Transaction based upon any agreement
or alleged agreement between the claimant and a Buying Party or any of its Affiliates;

 

39

 

(iv) any Liabilities for Taxes imposed upon, or incurred by, any of the Buying Parties in
connection with the operation of the Business after the Effective Time;

(v) any assertion of any Liability against a Seller Indemnified Party resulting from, arising
out of or relating to any of the Assumed Liabilities or the Purchased Assets after the Effective
Time.

(c) Indemnification Procedure for Third Party Claims.

(i) In the event that subsequent to the Closing any Person entitled to indemnification under
this Agreement (an “Indemnified Party”) asserts a claim for indemnification or receives notice of
the assertion of any claim or of the commencement of any action or Proceeding by any Person who is
not a party to this Agreement or an Affiliate of a party to this Agreement (including any
Governmental Body) (a “Third Party Claim”) against such Indemnified Party, with respect to which a
party to this Agreement is required to provide indemnification under this Agreement (an
“Indemnifying Party”), the Indemnified Party shall give written notice of such claim to the
Indemnifying Party within thirty (30) days after learning of such claim (the “Claim Notice”). The
Indemnifying Party shall have the right, upon written notice to the Indemnified Party (the “Defense
Notice”) within thirty (30) days after receipt from the Indemnified Party of the Claim Notice,
which Defense Notice shall specify the counsel the Indemnifying Party will appoint to defend such
claim (“Defense Counsel”), to conduct at its expense the defense against such claim in its own
name, or, if necessary, in the name of the Indemnified Party; provided, however,
that the Indemnified Party shall have the right to approve the Defense Counsel, and in the event
the Indemnifying Party and the Indemnified Party cannot agree upon such counsel within ten (10)
days after the Defense Notice is provided, then the Indemnifying Party shall propose an alternate
Defense Counsel, which shall be subject again to the Indemnified Party’s approval (and such process
shall be repeated until the Indemnified Party shall have approve the Defense Counsel specified by
the Indemnifying Party); provided, further, that if such claim is covered by
insurance and the insurance policy governs the selection of counsel, the terms of the insurance
policy shall govern. If the Indemnifying Party delivers a Defense Notice, the delivery of such
Defense Notice shall constitute acceptance of responsibility for such claim or action and the
Indemnifying Party shall be fully responsible for all liabilities arising out of or relating to
such claim or action, including the costs of the defense thereof. Notwithstanding the foregoing,
the Indemnifying Party shall not be entitled to assume control of a Third Party Claim and shall pay
the reasonable fees and expenses of counsel retained by the Indemnified Party if (x) the Third
Party Claim seeks injunctive or other equitable relief, (y) the
Indemnified Party, in the claim notice to the Indemnifying Party, states that, based on advice
of counsel, it believes that its interests in the Third Party Claim is or can reasonably be
expected to be adverse to the interests of the Indemnifying Party, (y) such Indemnifying Party is
unable to or does not provide the Indemnified Party with reasonable assurance of its ability to pay
the expenses of the defense against such Third Party Claim, or (z) the Third Party Claim involves
or is related to a Designated Claim.

 

40

 

(ii) In the event that the Indemnifying Party shall fail to give the Defense Notice within the
time period described above, it shall be deemed to have elected not to conduct the defense of the
subject claim, and in such event the Indemnified Party shall have the right to conduct such defense
in good faith and to compromise and settle the claim in good faith subject to the consent of the
Indemnifying Party (which consent will not be unreasonably withheld), and such Indemnifying Party
will be liable for all costs, expenses, settlement amounts or other Losses actually paid or
incurred in connection therewith. If the Indemnifying Party is not entitled to assume the defense
of a Third Party Claim because of reasons set forth in the last sentence of the preceding
paragraph, the Indemnified Party may not settle the Third Party Claim without the written consent
of the Indemnifying Party, which consent shall not be unreasonably withheld or delayed, if such
settlement would lead to any liability or create any other obligation of the Indemnifying Party.

(iii) In the event that the Indemnifying Party does deliver a Defense Notice within the time
period described above and thereby elects to conduct the defense of the subject claim, the
Indemnifying Party shall diligently conduct such defense and the Indemnified Party will cooperate
with and make available to the Indemnifying Party such assistance and materials as it may
reasonably request, all at the expense of the Indemnifying Party, and the Indemnified Party shall
have the right at its expense to participate in the defense assisted by counsel of its own
choosing.

(iv) The Indemnifying Party may enter into any settlement of any Third Party Claim;
provided, however, the Indemnifying Party may not enter into any settlement of any
Third Party Claim without the prior written consent of the Indemnified Party if pursuant to or as a
result of such settlement, (A) injunctive or other equitable relief would be imposed against the
Indemnified Party, or (B) such settlement would or could reasonably be expected to lead to any
liability or create any financial or other obligation on the part of the Indemnified Party.

(d) Direct Claims. It is the intent of the parties hereto that all direct claims by
an Indemnified Party against a party hereto not arising out of Third Party Claims shall be subject
to and benefit from the terms of this Section 8.5. Any claim under this Section
8.5(d) by an Indemnified Party for indemnification other than indemnification against a Third
Party Claim (a “Direct Claim”) will be asserted by giving the Indemnifying Party reasonably prompt
written notice thereof, and the Indemnifying Party will have a period of thirty (30) calendar days
within which to satisfy such Direct Claims, except for injunctive or equitable relief, which the
Indemnified Party may pursue at any time. The Indemnifying Party shall be deemed to reject such
Direct Claim if it does not satisfy such Direct Claim within such thirty (30) calendar day period,
in which event the Indemnified Party will be free to pursue such remedies as may be available to
the Indemnified Party under this Section 8.5 or otherwise.

(e) Failure to Give Timely Notice. A failure by an Indemnified Party to give timely,
complete or accurate notice as provided in Section 8.5(c) will not affect the rights or
obligations of any party hereunder except and only to the extent that, as a result of such failure,
any party entitled to receive such notice was directly damaged as a direct result of such failure
to give timely notice.

 

41

 

(f) Survival of Representations and Warranties. All of the representations and
warranties set forth in this Agreement (including those set forth in Articles III and
IV hereof) shall survive the execution and delivery of this Agreement and the consummation
of the Transaction for a period ending on the date that is eighteen (18) months following the
Closing Date and thereafter shall expire and be of no further force or effect, except that (i) the
representations and warranties contained in Section 3.2 (Authorization),
Section 3.8(a) (Title to Assets), Section 4.2 (Authorization) and representations
and warranties that are fraudulently or willfully breached contained herein shall survive
indefinitely and (ii) the representations and warranties contained in Section 3.20 (Taxes)
and Section 3.22 (Environmental and Safety Requirements) shall survive until thirty (30)
days following the expiration of the applicable statute of limitations period (including any
extensions or waivers thereof). It is agreed that in the event notice of any claim for
indemnification under this Agreement with respect to any inaccuracy or a breach of representation
or warranty or with respect to any other matter shall have been given within the applicable
survival period, the claims and rights to indemnification relating to such inaccuracies or breaches
of representations and warranties or other matters that are the subject of such indemnification
claim shall survive until such time as such claim is finally resolved. An Indemnified Party’s
right to indemnification, payment of Losses or other remedies based on any representation,
warranty, covenant or obligation of another party contained in or made pursuant to this Agreement
or any Transaction Document shall not be affected by any investigation conducted by such
Indemnified Party or any of its representatives or any knowledge acquired (or capable of being
acquired) by any such Indemnified Party or its representatives, in each case, at any time, whether
before or after the execution and delivery of this Agreement or the Closing Date.

(g) Adjustment to Purchase Price. Any indemnification received under this
Section 8.5 shall be, to the extent permitted by law, an adjustment to the Purchase Price.

(h) Limitation on Indemnification.

(i) Notwithstanding anything in this Agreement to the contrary, but except in the case of
fraud or with respect to breaches or inaccuracies of, or related to, representations and warranties
contained in the Seller Excluded Provisions, the Selling Parties shall have no liability with
respect to Losses arising from breaches of representations and warranties pursuant to Section
8.5(a)(i) until the aggregate amount of all such Losses with respect to all such Claims under
Section 8.5(a)(i) exceeds the Threshold, in which case the Selling Parties shall be liable
for all such Losses (i.e., not just those in excess of the Threshold) in an amount up to, but not
in excess of, the Cap.

(ii) Notwithstanding anything in this Agreement to the contrary, the Selling Parties shall not
be required to provide indemnification for Losses with respect to any
Claim under this Section 8.5 hereof in excess of an aggregate indemnified amount equal
to the aggregate amount of the Purchase Price actually paid to the Sellers hereunder.

(iii) Notwithstanding anything in this Agreement to the contrary, but except in the case of
fraud or with respect to breaches or inaccuracies of, or related to, representations and warranties
contained in the Buyer Excluded Provisions, the Buyer shall have no liability with respect to
Losses arising from breaches of representations and warranties pursuant to Section
8.5(b)(i) until the aggregate amount of all such Losses with respect to all such Claims under
Section 8.5(b)(i) exceeds the Threshold, in which case the Buyer shall be liable for all
such Losses (i.e., not just those in excess of the Threshold) in an amount up to, but not in excess
of, the Cap.

 

42

 

(iv) Notwithstanding anything in this Agreement to the contrary, the Buyer shall not be
required to provide indemnification for Losses with respect to any Claim under Section
8.5(b)(ii) to and including Section 8.5(b)(iv) hereof in excess of an aggregate
indemnified amount equal to the aggregate amount of the Purchase Price actually paid to the Sellers
hereunder; provided, however, that nothing in this Section 8.5(h)(iv) shall
limit or in any way affect the Buyer’s obligation to pay the Purchase Price (including the Deferred
Cash Payment, the Holdback Amount (to the extent payable to the Sellers) and the Earn Out Payments
(to the extent payable to the Sellers)) in full.

(v) Other than with respect to injunctive or other equitable relief, the remedies set forth in
this Section 8.5 constitute the sole and exclusive remedies for recovery of Losses arising
out of or relating to this Agreement and the Transaction.

(vi) If an Indemnified Party is entitled to indemnification under more than one clause or
provision of this Agreement, such Indemnified Party shall be entitled to only one indemnification
or recovery with respect to the Losses arising out of the same circumstances or events.

(i) Payments.

(i) Prior to or on the Settlement Date, upon the resolution of any indemnification claim by
any Buyer Indemnified Party hereunder (including, if necessary, after resolution of any dispute
over such indemnification claim in accordance with Section 9.9 hereof) pursuant to which
such Buyer Indemnified Party is entitled to any payment (each an “Indemnification Payment”), then
(A) to the extent that the amount of such Indemnification Payment is less than the then current
balance of the Holdback Amount held by the Buyer (such amount, the “Holdback Balance”), then the
Buyer shall (1) retain a portion of the Holdback Balance equal to the amount of such
Indemnification Payment in satisfaction of such Indemnification Payment and (2) continue to hold
the remaining Holdback Balance until another Indemnification Payment is due or is otherwise
distributed pursuant to Section 8.5(i)(ii); or (B) to the extent that the amount of such
Indemnification Payment is greater than or equal to the Holdback Balance, then the Buyer shall (1)
retain the entire Holdback Balance and (2) the Sellers shall pay to the Buyer within five (5)
Business Days after resolution of such indemnification claim an amount equal to (x) the amount of
such Indemnification Payment minus (y) the Holdback Balance.

(ii) To the extent that there are any indemnification claims which have been brought by any
Buyer Indemnified Party hereunder which have not been resolved on or prior to the Settlement Date
(each a “Pending Claim”), then, on the Settlement Date, the Buyer shall (X) notify the Sellers’
Representative of the Buyer’s good faith estimate of the amount of the Holdback Balance to be
reserved against each such Pending Claim (each a “Pending Claim Reserve” and the aggregate of all
such Pending Claim Reserves, the “Reserve”) and (Y) pay to each Seller such Seller’s Allocable
Percentage of an amount, if any, equal to (i) the Holdback Balance minus (ii) the Reserve.
After the Settlement Date, upon the resolution of any Pending Claim pursuant to which a Buyer
Indemnified Party is entitled to any payment (a “Pending Claim Indemnification Payment”), then (A)
to the extent that the amount of such Pending Claim Indemnification Payment is less than or equal
to the Pending Claim Reserve for such
Pending Claim, then the Buyer shall retain a portion of such
Pending Claim Reserve equal to the amount of such Pending Claim Indemnification Payment and shall
pay to the Sellers within five (5) days after resolution of such Pending Claim to each Seller such
Seller’s Allocable Percentage of an amount equal to the (x) the Pending Claim Reserve minus
(y) the Pending Claim Indemnification Payment for such Pending Claim; or (B) to the extent that the
amount of such Pending Claim Indemnification Payment is greater than the Pending Claim Reserve for
such Pending Claim, then the Buyer shall (1) retain all of such Pending Claim Reserve and (2) the
Sellers shall pay to the Buyer within five (5) Business Days after resolution of such Pending Claim
an amount equal to the (x) the amount of such Pending Claim Indemnification Payment minus
(y) the Pending Claim Reserve for such Pending Claim.

 

43

 

(iii) With respect to any indemnification claim made by any Buyer Indemnified Party hereunder
after the Settlement Date pursuant to which such Buyer Indemnified Party is entitled to a payment
upon the resolution of such indemnification claim, then, within five (5) Business Days after the
resolution of such indemnification claim, such payment shall be made to the Buyer by or on behalf
of the Sellers.

(iv) Within five (5) Business Days after the resolution of any indemnification claim by any
Seller Indemnified Party hereunder pursuant to which such Seller Indemnified Party is entitled to
any payment, the Buyer shall pay to each Seller such Seller’s Allocable Percentage of such payment.

(v) The Indemnifying Party shall reimburse the Indemnified Party for any and all reasonable
costs or expenses of any nature or kind whatsoever (including, but not limited to, all attorney’s
fees calculated based on a maximum hourly rate of $250) incurred in seeking to collect any payments
under this Section 8.5(i).

(vi) Any payments required under this Section 8.5 that are not made when due shall
bear interest until paid in full at a rate equal to eight percent (8%) per annum or, if less, the
maximum rate permitted by applicable usury laws. Interest on any such unpaid amount shall be
compounded monthly, computed on the basis of a 360-day year and shall be payable on demand.

(vii) Except as expressly provided herein with respect to the Holdback Amount, no Indemnified
Party may set off any amount allegedly owed to it under Section 8.5 against any amounts
such Indemnified Party or any of its Affiliates owe to any Indemnifying
Party under this Agreement or any Transaction Document unless and until the amount due under
this Section 8.5 is agreed upon by the Buyer and the Sellers’ Representative or determined
with finality in accordance with the dispute resolution procedures set forth in Section 9.9
hereof.

8.6 Restrictive Covenants.

(a) Acknowledgment. As an inducement to the Buyer to enter into this Agreement, the
Transaction Documents and to consummate the Transaction, each Selling Party, including any other
law firm or entity that provides Legal Services and which, during the Restricted Period, is
controlled or owned by Albertelli Florida or Albertelli Georgia or Albertelli (each such Person is
individually referred to herein as a “Non-Compete Party,” and collectively as the “Non-Compete
Parties”) each acknowledges that it is necessary that the Non-Compete Parties undertake not to
utilize their special knowledge of the Business and their relationships with customers and
suppliers to compete with the Sellers.

 

44

 

(b) Non-Compete. Each Non-Compete Party hereby agrees that for a period commencing on
the Closing Date and ending three (3) years from the Closing Date (the “Restricted Period”), he,
she or it will not, directly or indirectly, as agent, employee, consultant, representative,
manager, equityholder or in any other capacity, own (other than through the passive ownership of
less than one percent (1%) of the publicly traded shares of any Person), operate, manage, control,
engage in, invest in (other than through the passive ownership of less than one percent (1%) of the
publicly traded shares of any Person) or participate in any manner in, act as a consultant or
advisor to, render services for (alone or in association with any Person), or otherwise assist any
Person that engages in or owns, invests in, operates, manages or controls any venture or enterprise
that directly or indirectly engages or proposes to engage in any business competitive in any
material respect with any portion of the Business anywhere in the States of Alabama, Florida and
Georgia (the “Territory”). Notwithstanding the foregoing, the parties acknowledge that neither the
non-compete described in this Section 8.6(b) nor any other provision in this Agreement or
in any of the Transaction Documents shall in any manner limit or restrict any Non-Compete Party
from (i) the Practice of Law in any jurisdiction or (ii) engaging in the continued development,
sale, license or other exploitation (whether for commercial gain or otherwise) of the PREO Software
and the REO2GO Software; provided, however, that neither the PREO Software nor the
REO2GO Software shall be used to perform any of the services relating to the residential (but not
commercial) foreclosure, residential eviction, residential bankruptcy and litigation (with respect
to any of the foregoing) practices of any of Albertelli Florida, Albertelli Georgia or any New Law
Firm including, but not limited to, REO closing work, posting and publishing or other related
services.

(c) Confidential Information. During the Restricted Period and thereafter, each
Non-Compete Party shall keep secret and retain in strictest confidence, and shall not, without the
prior written consent of the Buyer, furnish, make available or disclose to any third party or use
for the benefit of such Non-Compete Party or any third party, any Confidential Information. As
used in this Section 8.6(c), “Confidential Information” shall mean any information relating
to this Agreement and the Transaction, the Business Records, the business or affairs of the Buyer
or the Business, and information relating to financial statements, customer identities, potential
customers, employees, suppliers, servicing methods, equipment, programs, strategies and
information, analyses, profit margins or other proprietary information used by the
Sellers in connection with the Business; provided, however, that Confidential
Information shall not include any information which is in the public domain or becomes generally
known through no wrongful act on the part of any Non-Compete Party or any information, files or
records related to the Non-Compete Parties’ Practice of Law.

(d) Interference with Relationships. During the Restricted Period, each Non-Compete
Party shall not, without the prior written consent of the Buyer or any of its Affiliates, directly
or indirectly, as agent, employee, consultant, distributor, representative, manager, equityholder
or in any other capacity, employ or engage, or recruit or solicit for employment or engagement, any
person (i) who is employed or engaged by the Sellers or the Buyer or any of its Affiliates (both
before and after the Closing Date), (ii) who was employed or engaged by any of the Sellers or the
Buyer within six (6) months of such contact, or (iii) who was employed by any of the Sellers or
engaged in the Business during the six (6) month period prior to the Closing Date, or otherwise
seek to influence or alter any such person’s relationship with any Seller or the Buyer.

 

45

 

(e) Blue-Pencil. If any court of competent jurisdiction shall at any time deem the
term of any particular restrictive covenant contained in this Section 8.6 too lengthy or
the Territory too extensive, the other provisions of this Section 8.6 shall nevertheless
stand, and the Restricted Period and/or the Territory shall be reduced to such duration or size as
such court shall determine to be permissible.

(f) Remedies. Each Non-Compete Party acknowledges and agrees that the covenants set
forth in this Section 8.6 are reasonable and necessary for the protection of the Buyer’s
business interests, that irreparable injury will result to the Buyer if any Non-Compete Party
breaches any of the terms of this Section 8.6, and that in the event of any actual or
Threatened breach by any Non-Compete Party of any of the provisions contained in this
Section 8.6, the Buyer will have no adequate remedy at law. Each Non-Compete Party
accordingly agrees that in the event of any actual or Threatened breach by he, she or it of any of
the provisions contained in this Section 8.6, the Buyer shall be entitled to injunctive and
other equitable relief, without the necessity of showing actual monetary damages and without
posting any bond or other security. Nothing contained herein shall be construed as prohibiting the
Buyer from pursuing any other remedies available to it for such breach or Threatened breach,
including the recovery of any damages.

8.7 Employment Matters.

(a) Transferred Employees. Effective at the Closing and except with respect to George
Albertelli, the Buyer shall, or shall cause one of its Affiliates to, offer employment to the
employees of the Sellers listed on the employee list previously delivered by the Sellers’
Representative to the Buyer (those of such employees accepting employment with the Buyer, the
“Transferred Employees”) upon terms to be determined in the sole discretion of the Buyer or its
Affiliates. In connection therewith, each of the Sellers shall use commercially reasonable efforts
to encourage all of the Sellers’ employees to accept employment with the Buyer or its Affiliates,
if employment is offered. For purposes of this
Section 8.7(a), an employee shall be deemed to have accepted employment with the Buyer
or an Affiliate thereof if such employee (i) appears at work on the second Business Day following
the Closing Date and (ii) has not given notice to the contrary to the Buyer or any of the Sellers
as of such date. Notwithstanding the foregoing, nothing herein shall be deemed to require the
Buyer or any of its Affiliates to employ any Transferred Employee for any period of time after the
Closing Date.

(b) Severance Pay. The Sellers agree that they shall be solely responsible for any
notice of termination, termination pay, severance pay or any other costs, liabilities or
obligations due to any of their employees (including vacation pay, sick pay and any other accrued
paid time off), whether such employees are terminated by the Sellers in connection with the
Transaction or otherwise, on or prior to the Closing Date, whether such severance pay is due
pursuant to statute, common law or written or oral agreements or arrangements with such employee.

 

46

 

(c) Employee Benefits.

(i) The Buyer covenants and agrees to recognize the service by each Transferred Employee with
the Sellers for purposes of eligibility and vesting (but not benefit accrual) under any employee
benefit plan offered by the Buyer to the Transferred Employees as of, or following, the Closing
Date.

(ii) Assuming the continued qualified status of the Dolan Media Company 401(k) Plan, the Buyer
covenants and agrees that it shall allow individual rollovers of accounts from the Seller’s
retirement plans to the Dolan Media Company 401(k) Plan for all Transferred Employees;
provided, however, that (A) such rollovers shall only be allowed for pre-tax
employee contributions and employer contributions, and (B) such rollovers shall be completed by
each Transferred Employee following the reasonable procedures of the Buyer relating to rollovers.

(iii) Notwithstanding anything to the contrary herein, the Sellers shall remain responsible
for all notices and employer group health plan continuation of coverage obligations arising under
COBRA or applicable state law with respect to all individuals who are or become “M&A Qualified
Beneficiaries” (as defined in Treas. Reg. §54.4980B-9) as a result of the consummation of the
Transaction.

(iv) The Sellers’ Representative, on behalf of the Sellers, and the Buyer shall mutually
cooperate and provide the other party with such records, information, documentation and assistance
as such party reasonably requests to carry out the intent of this Section 8.7.

8.8 Cooperation with DMC’s Auditors and SEC Filing Requirements. Upon the request of
the Buyer, post-Closing, the Sellers’ Representative shall provide to the Buyer or any of its
Affiliates (at the Buyer’s expense) copies of, or shall provide the Buyer or any of its Affiliates
access to, such factual information as may be reasonably requested by the Buyer or any of its
Affiliates, and in the possession or control of any of the Sellers or their respective Affiliates
or accountants to enable DMC to make any required filings with the SEC or other Governmental
Body, if, as and when such filings may be required by the SEC or such other Governmental Body.
To the extent that any additional audits of the Business are required by the Buyer or its
Affiliates for a pre-Closing period, at the Buyer’s expense, each of the Sellers shall cooperate
with DMC’s independent public accounting firm (the “Auditor”) with respect to any such audits and
provide (not more than ten (10) days after the Buyer’s request therefor) to the Auditor a letter of
representation in a form reasonably satisfactory to the Auditor and the Sellers’s Representative.
Without limiting the foregoing, post-Closing (i) the Buyer, any of its Affiliates or the Auditor
may audit the Sellers’ operating statements of the Business, at the Buyer’s expense; and the
Sellers’ Representative shall provide such documentation as the Buyer, any of its Affiliates or the
Auditor may reasonably request in order to complete such audit, and (ii) the Sellers’
Representative shall furnish to the Buying Parties such financial and other information as may be
reasonably required by the Buyer or any of its Affiliates to make any required filings with the SEC
or other Governmental Body; provided, however, that the foregoing obligations of
the Sellers’ Representative, on behalf of the Sellers, shall be limited to providing such
information or documentation as may be in the possession of, or reasonably obtainable by, the
Sellers or their respective Affiliates or accountants. Notwithstanding anything to the contrary,
the provisions of this Section 8.8 shall survive Closing.

 

47

 

8.9 Covenant to Enter Into New Services Agreements. Upon the request of the Buyer
after the Closing Date, Albertelli, on behalf of himself individually and each law firm (including
Albertelli Florida and Albertelli Georgia) directly or indirectly controlled by him, covenants and
agrees to have any law firm (including Albertelli Florida and Albertelli Georgia) directly or
indirectly controlled by him which is located or has an office or does business in the State of
Florida or Georgia enter into a services agreement with the Buyer in substantially the form as the
Florida Services Agreement, but solely with respect to their conduct of the Business within the
States of Florida or Georgia, as applicable (any such law firm, a “New Law Firm”). For purposes of
this Section 8.9, “control” (including, with correlative meanings, the terms “controlled
by” and “under common control with”), as used with respect to any Person, shall mean the
possession, directly or indirectly, of the power to direct or cause the direction of the management
and policies of such Person, whether through the ownership of voting securities, by Contract or
otherwise.

8.10 Covenant Regarding Payment of Purchase Price. Each Selling Party covenants and
agrees not to pay any portion of the Purchase Price, whether on or at any time after the Closing
Date, to any employee of the Business other than Albertelli in proportion to his ownership interest
in the Sellers.

ARTICLE IX

MISCELLANEOUS

9.1 Notices, Consents, etc. Any notices, consents or other communication required or
permitted to be sent or given hereunder by any of the parties hereto shall in every case be in
writing and shall be deemed properly served if (a) delivered personally or (b) delivered by a
recognized overnight courier
service, to the parties at the addresses as set forth below or at such other addresses as may
be furnished in writing.

	 	(a)	 	If to the Buyer:

c/o Dolan Media Company

222 South Ninth Street, Suite 2300

Minneapolis, Minnesota 55402

Attention: James P. Dolan

with a copy to (which shall not constitute notice):

Katten Muchin Rosenman LLP

525 West Monroe Street

Chicago, Illinois 60661-3693

Attention: Walter S. Weinberg, Esq.

 

48

 

	 	(b)	 	If to any Selling Party:

c/o James E. Albertelli

Albertelli Law

208 N. Laura St., Suite 900

Jacksonville, Florida 32202

with a copy to (which shall not constitute notice):

Smith Hulsey & Busey

225 Water Street, Suite 1800

Jacksonville, Florida 32202

Attention: Stephen D. Moore, Jr., Esq.

Date of delivery of such notice shall be (x) the date such notice is personally delivered or (y)
one (1) Business Day after the date of delivery to the overnight courier if sent by overnight
courier.

9.2 Public Announcements. Except as required by any Legal Requirement (including any
securities laws applicable to the Buyer or its Affiliates relating to any securities filings of the
Buyer or its Affiliates or otherwise) or applicable securities exchange on which any securities of
DMC trade, the Purchase Price shall not be disclosed by any of the Selling Parties to any third
party (other than the respective parties’ Representatives involved in this transaction) or in any
public announcement.

9.3 Severability. The unenforceability or invalidity of any provision of this
Agreement shall not affect the enforceability or validity of any other provision.

9.4 Amendment and Waiver. This Agreement may be amended, and any provision of this
Agreement may be waived; provided that any such amendment or waiver will be binding on the
Buyer only if such amendment or waiver is set forth in a writing executed by the Buyer;
provided, further that any such amendment or waiver will be binding upon the
Selling Parties only if such amendment or waiver is set forth in a writing executed by the Sellers’
Representative, on behalf of the Selling Parties. The waiver by any party hereto of a breach of
any provision of this Agreement shall not operate or be construed as a waiver of any other breach.

9.5 Counterparts. This Agreement may be executed in two or more counterparts, each of
which shall be deemed an original but all of which together shall constitute one and the same
agreement and shall become effective when one or more counterparts have been signed by each of the
parties hereto and delivered to the others.

9.6 Deliveries. This Agreement, and any amendments hereto, to the extent signed and
delivered by means of a facsimile machine or other electronic transmission (including transmission
in portable document format by electronic mail), shall be treated in all manner and respects and
for all purposes as an original agreement or amendment and shall be considered to have the same
binding legal effect as if it were the original signed version thereof delivered in person. At the
request of any party hereto, each other party hereto shall re-execute original forms thereof and
deliver them to all other parties, except that the failure of any party to comply
with such a request shall not render this Agreement or amendment invalid or unenforceable. No
party hereto shall raise the use of a facsimile machine or other electronic transmission to deliver
a signature, or the fact that any signature was transmitted or communicated through the use of a
facsimile machine or other electronic transmission, as a defense to the formation or enforceability
of a contract and each such party forever waives any such defense.

 

49

 

9.7 Expenses. Each of the parties shall pay all costs and expenses incurred or to be
incurred by it in negotiating and preparing this Agreement and in closing and carrying out the
Transaction; provided, however, that any sales or transfer taxes and all fees and
charges of any Governmental Body relating to the sale and transfer of the Purchased Assets by the
Sellers to the Buyer hereunder shall be borne solely by the Sellers.

9.8 Headings. The subject headings of Articles and Sections of this Agreement are
included for purposes of convenience of reference only and shall not affect the construction or
interpretation of any of its provisions.

9.9 Governing Law; Arbitration.

(a) THIS AGREEMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES HEREUNDER SHALL BE GOVERNED
IN ALL RESPECTS, INCLUDING VALIDITY, INTERPRETATION AND EFFECT, BY THE LAWS OF THE STATE OF
DELAWARE, WITHOUT REGARD TO ITS RULES OF CONFLICTS OF LAW.

(b) EXCEPT WITH RESPECT TO REQUESTS FOR INJUNCTIVE OR OTHER EQUITABLE RELIEF, IN THE EVENT OF
ANY CLAIM, DISPUTE OR CONTROVERSY ARISING OUT OF OR RELATED TO THIS AGREEMENT, THE TRANSACTION
DOCUMENTS OR THE TRANSACTION THE BUYER AND THE SELLERS’ REPRESENTATIVE AGREE TO HOLD A FACE-TO-FACE
MEETING AT A MUTUALLY AGREEABLE TIME AND LOCATION TO DISCUSS AND ATTEMPT TO RESOLVE IN GOOD FAITH
ANY SUCH CLAIM, DISPUTE OR CONTROVERSY. IF THE BUYER AND THE SELLERS’ REPRESENTATIVE ARE UNABLE TO
REACH A CONSENSUAL RESOLUTION OF ANY SUCH CLAIM, DISPUTE OR CONTROVERSY, THEN EITHER THE BUYER OR
THE SELLER’S REPRESENTATIVE MAY REQUEST ARBITRATION PURSUANT TO SECTION 9.9(C) BY PROVIDING
THE OTHER PARTY WITH WRITTEN NOTICE THEREOF.

(c) IF A CLAIM, DISPUTE OR CONTROVERSY IS NOT RESOLVED AFTER A FACE-TO-FACE MEETING AS
PROVIDED IN SECTION 9.9(B) ABOVE, IT SHALL BE DECIDED BY ARBITRATION IN ACCORDANCE WITH THE
COMMERCIAL ARBITRATION RULES OF THE AAA. ANY DEMAND FOR ARBITRATION HEREUNDER MUST BE FILED IN
WRITING WITH THE OTHER PARTIES TO THIS AGREEMENT AND WITH THE AAA. THE PARTIES SHALL SELECT THE
ARBITRATOR(S) ACCORDING TO THE APPLICABLE AAA RULES. ANY ARBITRATION PROCEEDINGS UNDER THIS
AGREEMENT SHALL BE CONDUCTED IN THE STATE OF DELAWARE. ANY AWARD RENDERED BY AN ARBITRATOR SHALL
BE FINAL, AND JUDGMENT MAY BE ENTERED UPON IT
IN ACCORDANCE WITH APPLICABLE LAW IN ANY COURT HAVING JURISDICTION. THIS SECTION 9.9
SHALL BE SPECIFICALLY ENFORCEABLE IN ACCORDANCE WITH APPLICABLE LAW IN ANY COURT OF COMPETENT
JURISDICTION. NO UNDISPUTED PAYMENTS DUE OR PAYABLE UNDER THIS AGREEMENT OR ANY OTHER TRANSACTION
DOCUMENT SHALL BE WITHHELD ON ACCOUNT OF POTENTIAL OR PENDING ARBITRATION PROCEEDINGS.

 

50

 

9.10 Assignment. This Agreement will be binding upon and inure to the benefit of the
parties hereto and their respective successors and permitted assigns, but will not be assignable or
delegable by any party without the prior written consent of the other parties, provided,
however, that the Buyer shall be allowed to assign its rights and benefits hereto to (a) an
Affiliate so long as the Affiliate assumes the Buyer’s obligations hereunder; (b) in connection
with a sale of all or substantially all of the Buyer’s assets so long as the assignee assumes the
Buyer’s obligations hereunder and (c) to the lenders of the Buyer or any Affiliate of the Buyer as
collateral for security purposes. The Sellers’ Representative agrees to provide any acknowledgment
or consent required by any such lender in connection with any assignment referenced in clause (c)
above.

9.11 Sellers’ Representative. Each Selling Party hereby irrevocably constitutes and
appoints James E. Albertelli as such Person’s true and lawful attorney-in-fact and agent (the
“Sellers’ Representative”) with full power of substitution to: (i) do and perform each and every
act and thing necessary, desirable or requisite to be done on behalf of such Selling Party to
consummate the Transaction, including to execute and deliver the Transaction Documents to which
such Selling Party is a party, and to take any and all actions required or available to be taken by
such Selling Party under and pursuant to this Agreement; (ii) accept on behalf of such Selling
Party service of process and any notices required to be served on such Selling Party; (iii) execute
on behalf of such Selling Party any amendment, modification or waiver hereto or to any Transaction
Document to which such Selling Party is a party; (iv) take all actions to be taken by such Selling
Party under this Agreement or any Transaction Document to which such Selling Party is a party,
including to deliver notices to be served on the Buyer by such Selling Party and to control the
defense and settlement of any and all claims for indemnification by any Buyer Indemnified Party
against such Selling Party under this Agreement; (v) enforce, on behalf of such Selling Party, any
claim against the Buyer arising under this Agreement; and (vi) engage attorneys, accountants and
agents at the expense of such Selling Party in connection with any of the foregoing. Such power of
attorney being coupled with an interest shall be irrevocable except in accordance with applicable
law.

9.12 Definitions. For purposes of this Agreement, the following terms have the
meaning set forth below:

“2010 Adjusted EBITDA Target” means an amount equal to Three Million Five Hundred Thousand
Dollars ($3,500,000).

“2010 Earn Out Payment” means the amount actually paid by the Buyer pursuant to Section
2.3(a)(i).

 

51

 

“2010 Earn Out Period” means the first twelve complete calendar months after the Closing.

“2011 Adjusted EBITDA Target” means an amount equal to Four Million Dollars ($4,000,000).

“2011 Earn Out Payment” means the amount actually paid by the Buyer pursuant to Section
2.3(a)(ii).

“2011 Earn Out Period” means the first twelve complete calendar months after the 2010 Earn Out
Period.

“2012 Adjusted EBITDA Target” means an amount equal to Four Million Dollars ($4,000,000).

“2012 Earn Out Payment” means the amount actually paid by the Buyer pursuant to Section
2.3(a)(iii).

“2012 Earn Out Period” means the first twelve complete calendar months after the 2011 Earn Out
Period.

“AAA” means the American Arbitration Association.

“Adjusted EBITDA” means, with respect to the Business as operated by the Buyer after the
Closing Date for any Earn Out Period, the sum, without duplication, of net income of the Business
for such Earn Out Period after Taxes, as determined in accordance with GAAP, consistently applied,
as

(a) reduced by the amount of any (i) gains derived from any extraordinary, unusual,
infrequent or nonrecurring event, (ii) gains resulting from the sale or other
disposition of assets not in the ordinary course of business, and (iii) gains
attributable to (A) adjustments relating to prior periods or (B) acquisitions of
businesses or lines of business consummated subsequent to the Closing Date, all to
the extent any of the foregoing items are included in the determination of net
income; and

(b) increased by the amount of any (i) net interest expense, (ii) Income Taxes,
(iii) depreciation and amortization, (iv) losses derived from any extraordinary,
unusual, infrequent or nonrecurring event, (v) net losses resulting from the sale or
other disposition of assets not in the ordinary course of business, (vi) deductions
or losses attributable to adjustments relating to prior periods, and (vii) costs
attributable to acquisitions of businesses or lines of business consummated
subsequent to the Closing Date, all to the extent any of the foregoing items are
deducted in the determination of net income.

 

52

 

“Affiliate” means, with respect to any Person: (i) any other Person directly or indirectly
controlling, controlled by or under common control with the subject Person or (ii) any officer,
director, trustee, managing member or general partner of the subject Person, provided
that, for the purposes of this definition, “control” (including, with correlative meanings, the
terms “controlled by” and “under common control with”), as used with respect to any Person, shall
mean the possession, directly or indirectly, of the power to direct or cause the direction of the
management and policies of such Person, whether through the ownership of voting securities, by
Contract or otherwise.

“Agreement” has the meaning set forth in the Preamble hereof.

“Agreement Date” has the meaning set forth in the Preamble hereof.

“Albertelli” has the meaning set forth in the Preamble hereof.

“Albertelli Florida” has the meaning set forth in the Preamble hereof.

“Albertelli Georgia” has the meaning set forth in the Preamble hereof.

“Albertelli Title” has the meaning set forth in the Preamble hereof.

“Allocable Percentage” means, with respect to each Seller, the percentage set forth opposite
such Seller’s name on the Allocable Percentages Schedule.

“Allocable Percentages Schedule” has the meaning set forth in Section 2.1(a) hereof.

“Assumed Contracts” has the meaning set forth in Section 1.1(a)(iii) hereof.

“Assumed Liabilities” has the meaning set forth in Section 1.2(a) hereof.

“Assumed Proprietary Rights” has the meaning set forth in Section 1.1(a)(iv) hereof.

“Atlanta Landlord” means OTR, an Ohio general partnership acting as the duly authorized
nominee of the State Teachers Retirement System of Ohio.

“Atlanta Sublandlord” means Inland Mortgage Capital Corporation, a Maryland corporation.

“Atlanta Sub-Sublease Agreement” has the meaning set forth in Section 7.2(p) hereof.

“Atlanta Sub-Sublandlord” means Albertelli Law, Inc., a Georgia professional corporation.

“Auditor” has the meaning set forth in Section 8.8 hereof.

“Bill of Sale” has the meaning set forth in Section 1.3 hereof.

“Business” has the meaning set forth in the Recitals hereof.

 

53

 

“Business Day” means any day other than a Saturday, Sunday or day on which commercial banks
are authorized or required by law to close in Jacksonville, Florida.

“Business Records” has the meaning set forth in Section 1.1(a)(vi) hereof.

“Buyer” has the meaning set forth in the Preamble hereof.

“Buyer Excluded Provisions” means Section 4.2 (Authorization), Section 4.3 (No
Conflict), and Section 4.4 (Brokers and Finders).

“Buyer Financial Statements” means the Buyer Unaudited Financial Statements and the Buyer
Interim Financial Statements.

“Buyer Indemnified Party” has the meaning set forth in Section 8.5(a) hereof.

“Buyer Interim Financial Statements” has the meaning set forth in Section 4.5(b)
hereof.

“Buyer Unaudited Financial Statements” has the meaning set forth in Section 4.5(a)
hereof.

“Buyer’s Latest Balance Sheet” has the meaning set forth in Section 4.5(b) hereof.

“Buying Parties” and “Buying Party” each has the meaning set forth in the Preamble hereof.

“Cap” means Two Million Five Hundred Thousand Dollars ($2,500,000).

“Claim Notice” has the meaning set forth in Section 8.5(c)(i) hereof.

“Closing Cash Consideration” means Eight Million Dollars ($8,000,000).

“Closing” has the meaning set forth in Section 7.1 hereof.

“Closing Date” has the meaning set forth in Section 7.1 hereof.

“Closing Date Cash Payment” means an amount in cash equal to (i) the Closing Cash
Consideration, minus (ii) the sum of (a) the Indebtedness Payments, if any, and (b) the Holdback
Amount.

“COBRA” has the meaning set forth in Section 3.13(f) hereof.

“Code” means the Internal Revenue Code of 1986, as amended.

“Computer System and Processes” has the meaning set forth in Section 3.12(h) hereof.

“Confidential Information” has the meaning set forth in Section 8.6(c) hereof.

 

54

 

“Consent” means any approval, consent, ratification, permission, waiver, authorization
(including any Governmental Authorization), notification, authorization, declaration, filing or
registration of, with or to any Person.

“Contract” means any agreement, contract, license, lease, purchase order, obligation, promise,
or undertaking (whether written or oral and whether express or implied).

“Defense Counsel” has the meaning set forth in Section 8.5(c)(i) hereof.

“Defense Notice” has the meaning set forth in Section 8.5(c)(i) hereof.

“Deferred Cash Payment” means Two Million Dollars ($2,000,000).

“Designated Claim” means any claim under the Agreement whether indemnification or otherwise
based upon, arising out of or otherwise in respect of any (i) inaccuracy or omission in or any
breach of any representation or warranty of any Selling Party contained in Section 3.20
(Taxes) of the Agreement or (ii) indemnification under Sections 8.5(a)(ix).

“Direct Claim” has the meaning set forth in Section 8.5(d) hereof.

“DMC SEC Reports” means DMC’s Annual Report of Form 10-K for the fiscal year ended December
31, 2008 and DMC’s Quarterly Reports on Form 10-Q for the fiscal quarters ended March 31, 2009 and
June 30, 2009, all as filed with the SEC.

“DMC” has the meaning set forth in the Preamble hereof.

“Documentation” means all existing and current user manuals, design specifications, system
flow charts, program flow charts, schematics, file layouts, report layouts, screen layouts, test
results, activity or tracking logs or reports, other logs, and other installation, instructional,
trouble shooting, customer service and training materials and all other existing documentation,
system and user materials used by or on behalf of the Sellers to develop, demonstrate, reproduce,
maintain, modify, enhance or use the Software and/or any of the Websites.

“Earn Out Calculation” has the meaning set forth in Section 2.3(b)(i) hereof.

“Earn Out Calculation Delivery Date” has the meaning set forth in Section 2.3(b)(i)
hereof.

“Earn Out Calculation Objection Notice” has the meaning set forth in Section
2.3(b)(ii) hereof.

“Earn Out Payment Amount” means an amount equal to Three Million Dollars ($3,000,000).

“Earn Out Payment” means any of (i) the 2010 Earn Out Payment, (ii) the 2011 Earn Out Payment
or (iii) the 2012 Earn Out Payment, as the case may be.

 

55

 

“Earn Out Period” means any of (i) the 2010 Earn Out Period, (ii) the 2011 Earn Out Period or
(iii) the 2012 Earn Out Period, as the case may be.

“Effective Time” has the meaning set forth in Section 7.1 hereof.

“Eligible Firm” has the meaning set forth in Section 2.3(f) hereof.

“Employee Benefit Plans” has the meaning set forth in Section 3.13(a) hereof.

“Employment Agreement” has the meaning set forth in Section 7.2(j) hereof.

“Environmental and Safety Requirements” means all U.S. Federal, state and local or municipal
laws, rules, regulations, ordinances, orders, statutes and requirements, and all common law,
relating to public health and safety, worker health and safety, pollution or protection of the
environment.

“ERISA” means the Employee Retirement Income Security Act of 1974, as amended.

“Exchange Act” means the Securities Exchange Act of 1934, as amended.

“Excluded Assets” has the meaning set forth in Section 1.1(b) hereof.

“Excluded Liabilities” has the meaning set forth in Section 1.2(b) hereof.

“Financial Statements” means, collectively, the Reviewed Financial Statements, the Pro Forma
Financial Statements and the Interim Financial Statements.

“First Installment” has the meaning set forth in Section 2.2 hereof.

“Florida Services Agreement” has the meaning set forth in Section 7.2(k) hereof.

“Foreclosure Related Business” has the meaning set forth in the Recitals hereof.

“GAAP” means United States generally accepted accounting principles.

“GAAP Financial Statements” has the meaning set forth in Section 3.6(d) hereof.

“Georgia Services Agreement” has the meaning set forth in Section 7.2(l) hereof.

“Governmental Authorization” means any approval, consent, license, permit, waiver, or other
authorization issued, granted, given, or otherwise made available by or under the authority of any
Governmental Body or pursuant to any Legal Requirement.

 

56

 

“Governmental Body” means any:

(a) U.S. Federal, state, county, municipal, city, town, village, district, or other
jurisdiction or government of any nature;

(b) governmental or quasi-governmental authority of any nature (including any governmental
agency, branch, department, official, or other entity and any court or other tribunal); or

(c) body exercising, or entitled or purporting to exercise, any administrative, executive,
judicial, legislative, police, regulatory, or taxing authority or power of any nature.

“Hazardous Materials” means (A) hazardous materials, hazardous substances, extremely hazardous
substances or hazardous wastes, as those terms are defined by the Comprehensive Environmental
Response, Compensation and Liability Act, 42 U.S.C. §9601 et seq., the Resource Conservation and
Recovery Act, 42 U.S.C. §6901 et seq., and any other Environmental and Safety Requirements; (B)
petroleum, including, but not limited to, crude oil or any fraction thereof which is liquid at
standard conditions of temperature and pressure (60 degrees Fahrenheit and 14.7 pounds per square
inch absolute); (C) any radioactive material, including, but not limited to, any source, special
nuclear, or by-product material as defined in 42 U.S.C. §2011 et seq.; (D) asbestos in any form or
condition; and (E) any other material, substance or waste to which liability or standards of
conduct may be imposed under any Environmental and Safety Requirements

“Holdback Amount” has the meaning set forth in Section 2.1(c) hereof.

“Holdback Balance” has the meaning set forth in Section 8.5(i)(i) hereof.

“Income Tax” means any Tax which is imposed or determined with reference to (i) gross or net
income or profits (including, but not limited to, capital gains, gross receipts or minimum tax) or
(ii) multiple bases, including corporate franchise, gross receipts, net worth, privilege, doing
business or occupation taxes, if one of the bases is listed in clause (i), together with any
interest and penalties, fines, additions to tax or additional amounts imposed by any tax authority
with respect to such Tax.

“Indebtedness” of any Person means the principal of, premium, if any, unpaid interest on, and
other amounts owing in respect of, (a) indebtedness for borrowed money, (b) indebtedness of a third
party debtor for borrowed money guaranteed, directly or indirectly, in any manner by such Person,
or in effect guaranteed, directly or indirectly, in any manner by such Person through an agreement,
contingent or otherwise, to supply funds to, or in any other manner invest in, the debtor, or to
purchase indebtedness for borrowed money, or to purchase and pay for property if not delivered or
pay for services if not performed, primarily for the purpose of enabling the debtor to make payment
of the indebtedness for borrowed money or to assure the owners of the indebtedness for borrowed
money against loss, (c) all indebtedness for borrowed money secured by any Lien upon property owned
by such Person, even though such Person has not in any manner become liable for the payment of such
indebtedness, and (d) renewals, extensions and refunding of any such indebtedness for borrowed
money.

“Indebtedness Payments” has the meaning set forth in Section 2.1(b) hereof.

“Indemnification Payment” has the meaning set forth in Section 8.5(i)(i) hereof.

“Indemnified Party” has the meaning set forth in Section 8.5(c)(i) hereof.

 

57

 

“Indemnifying Party” has the meaning set forth in Section 8.5(c)(i) hereof.

“Independent Accounting Firm” means any nationally recognized independent accounting firm
selected pursuant to Section 2.3(f) hereof.

“Insolvency Laws” means any bankruptcy, insolvency, reorganization, moratorium or other
similar Legal Requirements affecting the enforcement of creditors rights generally, and general
principles of equity (regardless of whether enforcement is considered in a proceeding in law or
equity).

“Insurance Policies” has the meaning set forth in Section 3.19 hereof.

“Interim Earn Out Payment Amount” has the meaning set forth in Section 2.3(e) hereof.

“Interim Financial Statements” has the meaning set forth in Section 3.6(c) hereof.

“Jacksonville Property” means that certain real property commonly referred to as 208 North
Laura Street, Jacksonville, Florida 32202.

“Jacksonville Sublease Agreement” has the meaning set forth in Sections 7.2(m).

“Latest Balance Sheet” has the meaning set forth in Section 3.6(c)(i) hereof.

“Latest Balance Sheet Date” has the meaning set forth in Section 3.6(c)(i) hereof.

“Leased Real Property” has the meaning set forth in Section 3.10(b) hereof.

“Legal Requirement” means any U.S. Federal, state, local, municipal or other constitution,
ordinance, regulation, statute, rule or other law adopted, enacted, implemented, or promulgated by
or under the authority of any Governmental Body or by the eligible voters of any jurisdiction, and
any agreement, approval, consent, injunction, judgment, license, Order, or permit by or with any
Governmental Body or to which any Selling Party is a party or by which any Selling Party, the
Business or the Purchased Assets are bound.

“Legal Services” means counseling or assisting others in matters that require the use of legal
discretion and profound legal knowledge, the giving of advice or the rendering of any service
requiring the use of legal skill or knowledge, including the provision of any service constituting
the practice of law under the laws of any applicable jurisdiction.

“Liabilities” means debts, liabilities, obligations, expenses or commitments of any nature
whatsoever, asserted or unasserted, known or unknown, absolute or contingent, accrued or unaccrued,
matured or unmatured or otherwise, and each is hereinafter referred to as a “Liability.”

“Liens” means any liens, hypothecations, mortgages, charges, security interests, pledges and
other encumbrances and claims of any nature.

 

58

 

“Losses” has the meaning set forth in Section 8.5(a) hereof.

“Major Clients” means the ten (10) largest clients of each of the Sellers, as measured by the
dollar amount of revenue received by such Seller for the twelve-month period ending on the Latest
Balance Sheet Date.

“Material Adverse Effect” means (a) with respect to any Selling Party, any change or effect
that (i) individually or when taken together with all other changes or effects that have occurred
during any relevant period of time prior to the date of determination of the occurrence of such
change or effect, has been, is or could reasonably be expected to be materially adverse to the
Business, the Purchased Assets or the condition (financial or otherwise) or results of operations
of the Sellers considered as a whole, or (ii) materially adversely affects the ability of any of
the Selling Parties to perform their respective obligations under this Agreement or the Transaction
Documents or to consummate the Transaction; or (b) with respect to any Buying Party, any change or
effect that (i) individually or when taken together with all other changes or effects that have
occurred during any relevant period of time prior to the date of determination of the occurrence of
such change or effect, has been, is or could reasonably be expected to be materially adverse to the
condition (financial or otherwise) or results of operations of the Buying Parties considered as a
whole, or (ii) materially adversely affects the ability of the Buying Parties to perform their
obligations under this Agreement or the Transaction Documents or to consummate the Transaction.

“New Law Firm” has the meaning set forth in Section 8.9 hereof.

“Non-Compete Parties” and “Non-Compete Party” each has the meaning set forth in Section
8.6(a) hereof.

“Object Code” means codes resulting from the translation or processing of the Source Code by a
computer into machine language or intermediate code, which is thus in a form not convenient for
human understanding of the program logic, but which is appropriate for execution or interpretation
by a computer.

“Order” means any award, injunction, judgment, order, ruling, subpoena, or verdict or other
decision entered, issued, made, or rendered by any court, administrative agency, or other
Governmental Body or by any arbitrator.

“Organizational Documents” means (a) the articles or certificate of incorporation and the
bylaws of a corporation; (b) any charter or similar document adopted or filed in connection with
the creation, formation, or organization of a Person (e.g., a certificate of formation, articles of
organization or certificate of limited partnership), and any agreement governing such Person (e.g.,
a limited liability company agreement, operating agreement or partnership agreement); and (c) any
amendment to any of the foregoing.

“Owned Proprietary Rights” has the meaning set forth in Section 3.12(d) hereof.

“Pending Claim” has the meaning set forth in Section 8.5(h)(ii) hereof.

 

59

 

“Pending Claim Indemnification Payment” has the meaning set forth in Section
8.5(i)(ii) hereof.

“Pending Claim Reserve” has the meaning set forth in Section 8.5(i)(ii) hereof.

“Person” means any individual, sole proprietorship, partnership, limited liability company,
joint venture, trust, unincorporated association, corporation, other entity or Governmental Body.

“Post-Closing Agreement” has the meaning set forth in Section 7.2(q) hereof.

“Practice of Law” means any activities that constitute providing Legal Services.

“PREO Software” has the meaning set forth in Section 1.1(b)(x) hereof.

“Privacy Policies” has the meaning set forth in Section 3.12(l) hereof.

“Proceeding” means any claim, suit, litigation, arbitration, hearing, audit, charge,
investigation, or other action (whether civil, criminal, administrative, investigative, or
informal) commenced, brought, conducted, or heard by or before, or otherwise involving, any
Governmental Body, arbitrator or mediator.

“Pro Forma Financial Statements” has the meaning set forth in Section 3.6(b) hereof.

“Proprietary Rights” of any Person means, to the extent applicable to such Person, all
intellectual property, confidential information, and proprietary information of such Person,
including, but not limited to, (a) patents and patent applications (including all reissuances,
continuations, continuations-in-part, revisions, extensions and reexaminations thereof) and patent
disclosures and inventions (whether or not patentable and whether or not reduced to practice);
(b) trademarks, service marks, trade dress, trade names, Internet domain names, assumed names and
corporate names, together with the goodwill of the business associated with and symbolized by such
trademarks, service marks, trade dress, trade names and corporate names, in each case whether or
not registered; (c) published and unpublished works of authorship, whether copyrightable or not,
including all statutory and common law copyrights associated therewith; (d) all registrations,
applications, extensions and renewals for any of the terms listed in clauses (b) and (c); (e) trade
secrets; (f) Websites; (g) all computer programs, including operating systems, applications,
routines, interfaces, and algorithms, whether in Source Code or Object Code; (h) ideas; formulae;
compositions; know how; manufacturing and production processes and techniques; research and
development information; artwork and graphic design; mastheads; photographs; negatives;
manuscripts; drawings; specifications; list of suppliers and service providers; pricing and cost
information and records; blueprints; proofs; surveys; test reports; manuals; standards; catalogs;
production methods; financial, business, sales and marketing proposals, research, data, and plans;
improvements; technical and computer data; databases; documentation; Software; promotional
materials and related information; and other intellectual property, confidential information and
proprietary rights, in each case in any medium, including digital, and in any jurisdiction,
together with all causes of action, judgment, settlements, claims and demands of any nature related
thereto, including the right to prosecute any past infringements or other violations thereof.

 

60

 

“Purchased Assets” has the meaning set forth in Section 1.1(a) hereof.

“Purchase Price” means Nineteen Million Dollars ($19,000,000).

“Real Property Leases” has the meaning set forth in Section 3.10(b) hereof.

“REO2GO Software” has the meaning set forth in Section 1.1(b)(x) hereof.

“Representatives” means officers, directors, managers, employees, agents, attorneys,
accountants, advisors and representatives.

“Required Contract Consents” has the meaning set forth in Section 3.11(d) hereof.

“Reviewed Financial Statements” has the meaning set forth in Section 3.6(a) hereof.

“Reserve” has the meaning set forth in Section 8.5(i)(ii) hereof.

“Restricted Period” has the meaning set forth in Section 8.6(b) hereof.

“SEC” means the Securities and Exchange Commission.

“Second Installment” has the meaning set forth in Section 2.2 hereof.

“Seller Excluded Provisions” means, collectively, Section 3.2 (Authorization),
Section 3.8(a) (Title to Assets) and Section 3.28 (Brokers or Finders), and each is
hereinafter referred to as a “Seller Excluded Provision.”

“Seller Governmental Authorizations” has the meaning set forth in Section 3.9(b)
hereof.

“Seller Indemnified Party” has the meaning set forth in Section 8.5(b) hereof.

“Sellers’ Knowledge” means, with respect to any applicable matter, the knowledge that any of
James E. Albertelli, George J. Albertelli and Jonathan D. Sawyer actually has or would have had
after due inquiry with respect to such matter.

“Sellers’ Representative” has the meaning set forth in Section 9.11 hereof.

“Sellers” and “Seller” each has the meaning set forth in the Preamble hereof.

“Selling Parties” and “Selling Party” each has the meaning set forth in the Preamble hereof.

“Services Agreements” means, collectively, the Florida Services Agreement and the Georgia
Services Agreement.

“Settlement Date” means the first anniversary of the Closing Date.

 

61

 

“Software” means (i) all software programs and applications and reusable software modules or
templates developed by or on behalf of, or owned by, the Sellers and intended for sale, license or
use by the Sellers, on a stand alone basis or as part of a client engagement, including all
enhancements, versions, releases and updates of such products, and (ii) any other software products
in development by the Sellers, regardless of the products’ stage of development; in each case,
excluding any portions thereof which comprise Third Party Software.

“Source Code” means code suitable for reading or reproduction by computer and/or photocopying
equipment, consisting of a full source language statement for the Software, including, but not
limited to, any programmers’ comments, any maintenance documentation, a master diskette or tape,
duplicating instructions, and any and all other existing materials reasonably required to enable
reasonably skilled programmers to use the Software.

“Tampa Landlord” means ACP Westshore LLC, a Delaware limited liability.

“Tampa Sublandlord” means Lennar Homes, LLC, a Florida limited liability company.

“Tampa Suite 410 Sublease Agreement” has the meaning set forth in Section 7.2(n)
hereof.

“Tampa Suites 400 and 420 Sub-Sublease Agreement” has the meaning set forth in Section
7.2(o) hereof.

“Tax” means any and all United States Federal, state, or local or foreign taxes, assessments
and other governmental charges based on or measured by gross receipts, income, profits, sales, use
and occupation, and franchise, estimated, alternative minimum, add-on minimum, real or immovable
property, personal or movable property, intangible property, social security, employment,
unemployment, payroll, deductions at source, employee or other withholding, including any interest,
penalties or additions to tax or additional amounts in respect of the foregoing; whether disputed
or not, and including any transferee or secondary liability in respect of any tax (whether by law,
contractual agreement, or otherwise) and any liability in respect of any tax as a result of being a
member of any affiliated, consolidated, combined, unitary, or similar group.

“Tax Returns” means returns, declarations, reports, claims for refund, information returns or
other documents (including any related or supporting schedules, statements or information and any
amendment thereof) filed or required to be filed in connection with the determination, assessment
or collection of any Taxes of any party or the administration of any laws, regulations or
administrative requirements relating to any Taxes.

“Territory” has the meaning set forth in Section 8.6(b) hereof.

“Third Party Claim” has the meaning set forth in Section 8.5(c)(i) hereof.

“Third Party Licenses” has the meaning set forth in Section 3.12(c) hereof.

“Third Party Marks” has the meaning set forth Section 3.12(j) hereof.

 

62

 

“Third Party Software” means any (i) off-the-shelf software program and/or (ii) any software
utility, tool, application or program, which was not developed at the specific request or direction
of any of the Sellers, including, but not limited to, the Source Code therefor and the Object Code
and Documentation of or relating thereto.

A claim, Proceeding, dispute, action, or other matter will be deemed to have been “Threatened”
if any notice, demand or statement has been given or made in writing, or if any other event has
occurred or any other circumstances exist, that would lead a prudent Person to conclude that such a
claim, Proceeding, dispute, action, or other matter is likely to be asserted, commenced, taken, or
otherwise pursued in the future.

“Threshold” means Two Hundred Thousand Dollars ($200,000).

“Title Business” has the meaning set forth in the Recitals hereof.

“Transaction” means the transactions contemplated by this Agreement and the Transaction
Documents.

“Transaction Documents” means each agreement, document, certificate and instrument being
delivered pursuant to this Agreement, including, but not limited to, the Services Agreements.

“Transferred Employees” has the meaning set forth in Section 8.7(a) hereof.

“WARN Act” means the Worker Adjustment and Retraining Notification Act of 1988, as amended,
and the regulations issued thereunder, or any similar state or local law, regulation or ordinance.

“Websites” means all series of interconnected pages on the World Wide Web, documents, files,
content, written materials, graphics and designs, formatted using HTML code or another web-based
code, located at, or otherwise intended to be accessible by Internet users with web browsers
visiting, uniform resource locators comprised of one of the domain names listed on Schedule
9.12 and all content, information and other materials associated therewith, including, but not
limited to, (i) any computer software, script, programming code, formatting code, data,
methodologies and processes used in the operation thereof or otherwise related thereto; (ii) all
versions, works in process, updates, fixes, enhancements, and releases thereof; and (iii) all
mirror sites associated with the foregoing.

9.13 Entire Agreement. This Agreement, the Preamble, the Recitals and all the
Schedules and Exhibits attached to this Agreement (all of which shall be deemed incorporated in the
Agreement and made a part hereof) and the other Transaction Documents set forth the entire
understanding of the parties, and supersede and preempt all prior oral or written understandings
and agreements with respect to the subject matter hereof (including, but not limited to, any term
sheet and/or letter of intent), and shall not be modified or affected by any offer, proposal,
statement or representation, oral or written, made by or for any party in connection with the
negotiation of the terms hereof, and may be modified only by instruments signed by all of the
parties hereto.

 

63

 

9.14 No Third Party Beneficiary. This Agreement shall inure exclusively to the
benefit of and be binding upon the parties hereto and their respective successors, assigns,
executors and legal representatives and any Person entitled to indemnification under Section
8.5. Nothing in this Agreement, express or implied, is intended to confer on any Person other
than the parties hereto or their respective successors and permitted assigns and any Person
entitled to indemnification under Section 8.5 any rights, remedies, obligations or
liabilities under or by reason of this Agreement.

9.15 Interpretative Matters. Unless the context otherwise requires, (a) all
references to Articles, Sections or Schedules are to Articles, Sections or Schedules in this
Agreement, (b) each accounting term not otherwise defined in this Agreement has the meaning
assigned to it in accordance with GAAP, (c) words in the singular or plural include the singular
and plural, pronouns stated in either the masculine, the feminine or neuter gender shall include
the masculine, feminine and neuter and (d) the term “including” shall mean by way of example and
not by way of limitation. The parties hereto have participated jointly in the negotiation and
drafting of this Agreement. If an ambiguity or question of intent or interpretation arises, this
Agreement shall be construed as if drafted jointly by the parties, and no presumption or burden of
proof shall arise favoring any party by virtue of the authorship of any of the provisions of this
Agreement. Any obligations of the Selling Parties, on the one hand, or the Buying Parties, on the
other hand, as applicable, incurred as a result of any term or provision of this Agreement or any
Transaction Document shall be joint and several in nature.

9.16 Further Assurances. The Buying Parties, on the one hand, and the Sellers’
Representative, on the other hand, shall from time to time after the Closing, at any other party’s
reasonable request, execute and deliver or cause to be executed and delivered such instruments of
transfer, conveyance and assignment (in addition to those delivered at the Closing), and take or
cause to be taken such other action, as such any party may reasonably require, to effect,
consummate, confirm, or evidence the Transaction. The Selling Parties and the Buying Parties will
also do such acts as are necessary to perform their respective covenants and agreements herein.

[Remainder of Page Intentionally Left Blank.

Signature Pages Follow.]

 

64

 

IN WITNESS WHEREOF, the parties hereto have executed this Asset Purchase Agreement as of the
date first written above.

	 	 	 	 	 
	 	

AMERICAN PROCESSING COMPANY, LLC

 	 
	 	By:  	/s/ David A. Trott
 	 
	 	 	Name:  	David A. Trott 	 
	 	 	Its:	Chief Executive Officer & Chairman 	 
	 	

DOLAN MEDIA COMPANY

 	 
	 	By:  	/s/ James P. Dolan
 	 
	 	 	Name:  	James P. Dolan 	 
	 	 	Its:      	       Chairman, President & CEO 	 
	 	

JAMES E. ALBERTELLI, P.A.

 	 
	 	By:  	/s/ James E. Albertelli
 	 
	 	 	Name:  	James E. Albertelli 	 
	 	 	Its:	       President 	 
	 	

THE ALBERTELLI FIRM, P.C.

 	 
	 	By:  	/s/ James E. Albertelli
 	 
	 	 	Name:  	James E. Albertelli 	 
	 	 	Its:       	       President 	 
	 	

ALBERTELLI TITLE, INC.

 	 
	 	By:  	/s/ James E. Albertelli
 	 
	 	 	Name:  	James E. Albertelli 	 
	 	 	Its: 	      President 	 
	 
	 	
/s/ James E. Albertelli
 	 
	 	JAMES E. ALBERTELLI, individually 	 
	 	 	 

 

 

 

SCHEDULES

	 
	Schedule 1.1(a)(i) — Tangible Personal Property

	Schedule 1.1(a)(iii) — Assumed Contracts

	Schedule 1.1(b)(vi) — Excluded Personal Property

	Schedule 1.1(b)(x) — Excluded Proprietary Rights

	Schedule 2.1(a) — Allocable Percentages Schedule

	Schedule 3.1(i) — Foreign Qualification of the Sellers

	Schedule 3.1(ii) — Equity Interests of the Sellers

	Schedule 3.3(i) — Ownership of the Capital Stock of the Sellers

	Schedule 3.3(ii) — Officers and Directors of the Sellers

	Schedule 3.4 — Conflicts

	Schedule 3.5 — Consents

	Schedule 3.6(a) — Reviewed Financial Statements

	Schedule 3.6(b) — Pro Forma Financial Statements

	Schedule 3.6(b) — Interim Financial Statements

	Schedule 3.6(d) — Exceptions to GAAP

	Schedule 3.7 — Liabilities

	Schedule 3.8 — Existing Liens

	Schedule 3.9(a) — Compliance with Laws

	Schedule 3.9(b) — Seller Governmental Authorizations

	Schedule 3.10(b)(i) — Real Property Leases

	Schedule 3.10(b)(ii) — Real Property Lease Defaults

	Schedule 3.10(b)(iii) — Seller Subleases

	Schedule 3.11(a) — Contract Deviations

	Schedule 3.11(b) — Enforceability of Contracts

	Schedule 3.11(d) — Required Contract Consents

	Schedule 3.12(i) — Warranties

	Schedule 3.13(a) — Employee Benefit Plans

	Schedule 3.14 — Labor and Employment Matters

	Schedule 3.15 — Workers Compensation

	Schedule 3.16(i) — Employees

	Schedule 3.16(ii) — Compensation Increases

	Schedule 3.16(iii) — Material Perquisites

	Schedule 3.18 — Affiliate Transactions

	Schedule 3.19 — Insurance Policies

	Schedule 3.20(c) — Tax Jurisdictions

	Schedule 3.21(a) — Litigation Proceedings

	Schedule 3.21(b) — Orders

	Schedule 3.21(c) — Compliance with Orders

	Schedule 3.22 — Environmental and Safety Requirements

	Schedule 3.23 — Conduct of the Business

	Schedule 3.25 — Government Contracts

	Schedule 3.26 — Corporate Names/Business Locations

	Schedule 3.27 — Major Clients

	Schedule 4.5(a) — Buyer’s 2008 Financial Statements

	Schedule 4.5(b) — Buyer’s Interim Financial Statements

	Schedule 9.12 — Websites

 

 

 

EXHIBITS

	 
	Exhibit 1.3 — Bill of Sale

	Exhibit 2.1(a) — Sellers’ Accounts

	Exhibit 7.2(j) — Employment Agreement

	Exhibit 7.2(k) — Florida Services Agreement

	Exhibit 7.2(l) — Georgia Services Agreement

	Exhibit 7.2(m)-1 — Jacksonville Sublease Agreement

	Exhibit 7.2(m)-2 — Landlord Estoppel Certificate

	Exhibit 7.2(n)-1 — Tampa Suite 410 Sublease Agreement

	Exhibit 7.2(n)-2 — Landlord Estoppel Certificate

	Exhibit 7.2(n)-3 — Landlord Waiver and Consent

	Exhibit 7.2(o)-1 — Tampa Suites 400 and 420 Sub-Sublease Agreement

	Exhibit 7.2(o)-2 — Landlord Estoppel Certificate

	Exhibit 7.2(o)-3 — Sublandlord Estoppel Certificate

	Exhibit 7.2(o)-4 — Landlord and Sublandlord Consent

	Exhibit 7.2(p)-1 — Atlanta Sub-Sublease Agreement

	Exhibit 7.2(p)-2 — Landlord Estoppel Certificate

	Exhibit 7.2(p)-3 — Sublandlord Estoppel Certificate

	Exhibit 7.2(p)-4 — Landlord and Sublandlord Consent

	Exhibit 7.2(q) — Post-Closing Agreement

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00163-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00163-of-00352.parquet"}]]