Document:

exv10w36

 

 

Exhibit 10.36

EXECUTION COPY

Published CUSIP Number: 09365VAE1

CREDIT AND GUARANTEE AGREEMENT

Dated as of March 4, 2010

among

BLOCK FINANCIAL LLC,

as the Borrower,

H&R BLOCK, INC.,

as the Guarantor,

The Lenders Party Hereto,

WELLS FARGO BANK, N.A.

as Syndication Agent,

BNP PARIBAS,

as Documentation Agent,

and

BANK OF AMERICA, N.A.,

as Administrative Agent and Swingline Lender

BANC OF AMERICA SECURITIES LLC,

WELLS FARGO SECURITIES, LLC and

BNP PARIBAS SECURITIES CORP.

Joint Lead Arrangers and Joint Book Managers

 

 

 

Table of Contents

	 	 	 	 	 	 	 
	 	 	 	 	Page
	 

	 	ARTICLE I

DEFINITIONS AND ACCOUNTING TERMS	 	 	 	 
	 
	 	 	 	 	 	 
	Section 1.01

	 	Defined Terms
	 	 	1	 
	Section 1.02

	 	Other Interpretive Provisions
	 	 	17	 
	Section 1.03

	 	Accounting Terms; GAAP
	 	 	18	 
	Section 1.04

	 	Times of Day
	 	 	18	 
	 
	 	 	 	 	 	 
	 

	 	ARTICLE II

THE COMMITMENTS AND CREDITS	 	 	 	 
	 
	 	 	 	 	 	 
	Section 2.01

	 	Committed Loans
	 	 	18	 
	Section 2.02

	 	Borrowings, Conversions and Continuations of Committed Loans
	 	 	18	 
	Section 2.03

	 	Swingline Loans
	 	 	20	 
	Section 2.04

	 	Termination and Reduction of Commitments
	 	 	23	 
	Section 2.05

	 	Repayment of Loans; Evidence of Debt
	 	 	23	 
	Section 2.06

	 	Prepayment of Loans
	 	 	24	 
	Section 2.07

	 	Fees
	 	 	25	 
	Section 2.08

	 	Interest
	 	 	25	 
	Section 2.09

	 	Alternate Rate of Interest
	 	 	26	 
	Section 2.10

	 	Increased Costs
	 	 	26	 
	Section 2.11

	 	Break Funding Payments
	 	 	27	 
	Section 2.12

	 	Taxes
	 	 	28	 
	Section 2.13

	 	Payments Generally; Pro Rata Treatment; Sharing of Set-offs;
Administrative Agent’s Clawback
	 	 	29	 
	Section 2.14

	 	Mitigation Obligations; Replacement of Lenders
	 	 	31	 
	Section 2.15

	 	Illegality
	 	 	32	 
	Section 2.16

	 	Cash Collateral
	 	 	33	 
	Section 2.17

	 	Defaulting Lenders
	 	 	33	 
	 
	 	 	 	 	 	 
	 

	 	ARTICLE III

REPRESENTATIONS AND WARRANTIES	 	 	 	 
	 
	 	 	 	 	 	 
	Section 3.01

	 	Organization; Powers
	 	 	35	 
	Section 3.02

	 	Authorization; Enforceability
	 	 	35	 
	Section 3.03

	 	Governmental Approvals; No Conflicts
	 	 	36	 
	Section 3.04

	 	Financial Condition; No Material Adverse Change
	 	 	36	 
	Section 3.05

	 	Properties
	 	 	36	 
	Section 3.06

	 	Litigation and Environmental Matters
	 	 	37	 
	Section 3.07

	 	Compliance with Laws and Agreements
	 	 	37	 
	Section 3.08

	 	Investment Company Status
	 	 	37	 
	Section 3.09

	 	Taxes
	 	 	37	 
	Section 3.10

	 	ERISA
	 	 	37	 

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	 	 	 	 	Page
	Section 3.11

	 	Disclosure
	 	 	38	 
	Section 3.12

	 	Federal Regulations
	 	 	38	 
	Section 3.13

	 	Subsidiaries
	 	 	38	 
	Section 3.14

	 	Insurance
	 	 	38	 
	 
	 	 	 	 	 	 
	 

	 	ARTICLE IV

CONDITIONS	 	 	 	 
	 
	 	 	 	 	 	 
	Section 4.01

	 	Conditions of Effectiveness
	 	 	38	 
	Section 4.02

	 	Conditions to all Loans
	 	 	39	 
	 
	 	 	 	 	 	 
	 

	 	ARTICLE V

AFFIRMATIVE COVENANTS	 	 	 	 
	 
	 	 	 	 	 	 
	Section 5.01

	 	Financial Statements and Other Information
	 	 	40	 
	Section 5.02

	 	Notices of Material Events
	 	 	42	 
	Section 5.03

	 	Existence; Conduct of Business
	 	 	42	 
	Section 5.04

	 	Payment of Taxes
	 	 	42	 
	Section 5.05

	 	Maintenance of Properties; Insurance
	 	 	43	 
	Section 5.06

	 	Books and Records; Inspection Rights
	 	 	43	 
	Section 5.07

	 	Compliance with Laws
	 	 	43	 
	Section 5.08

	 	Use of Proceeds
	 	 	43	 
	Section 5.09

	 	Cleandown
	 	 	43	 
	 
	 	 	 	 	 	 
	 

	 	ARTICLE VI

NEGATIVE COVENANTS	 	 	 	 
	 
	 	 	 	 	 	 
	Section 6.01

	 	Consolidated Net Worth
	 	 	44	 
	Section 6.02

	 	Indebtedness
	 	 	44	 
	Section 6.03

	 	Liens
	 	 	47	 
	Section 6.04

	 	Fundamental Changes; Sale of Assets
	 	 	48	 
	Section 6.05

	 	Transactions with Affiliates
	 	 	49	 
	Section 6.06

	 	Restrictive Agreements
	 	 	49	 
	 
	 	 	 	 	 	 
	 

	 	ARTICLE VII

GUARANTEE	 	 	 	 
	 
	 	 	 	 	 	 
	Section 7.01

	 	Guarantee
	 	 	49	 
	Section 7.02

	 	Delay of Subrogation
	 	 	50	 
	Section 7.03

	 	Amendments, etc. with respect to the Obligations; Waiver of Rights
	 	 	51	 
	Section 7.04

	 	Guarantee Absolute and Unconditional
	 	 	51	 
	Section 7.05

	 	Reinstatement
	 	 	52	 
	Section 7.06

	 	Payments
	 	 	52	 
	 
	 	 	 	 	 	 
	 

	 	ARTICLE VIII

EVENTS OF DEFAULT AND REMEDIES	 	 	 	 
	 
	 	 	 	 	 	 
	Section 8.01

	 	Events of Default
	 	 	52	 

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	 	 	 	 	Page
	Section 8.02

	 	Remedies Upon Event of Default
	 	 	54	 
	Section 8.03

	 	Application of Funds
	 	 	55	 
	 
	 	 	 	 	 	 
	 

	 	ARTICLE IX

ADMINISTRATIVE AGENT	 	 	 	 
	 
	 	 	 	 	 	 
	Section 9.01

	 	Appointment and Authority
	 	 	55	 
	Section 9.02

	 	Rights as a Lender
	 	 	55	 
	Section 9.03

	 	Exculpatory Provisions
	 	 	56	 
	Section 9.04

	 	Reliance by Administrative Agent
	 	 	57	 
	Section 9.05

	 	Delegation of Duties
	 	 	57	 
	Section 9.06

	 	Resignation of Administrative Agent
	 	 	57	 
	Section 9.07

	 	Non-Reliance on Administrative Agent and Other Lenders
	 	 	58	 
	Section 9.08

	 	No Other Duties, Etc
	 	 	58	 
	 
	 	 	 	 	 	 
	 

	 	ARTICLE X

MISCELLANEOUS	 	 	 	 
	 
	 	 	 	 	 	 
	Section 10.01

	 	Notices; Effectiveness; Electronic Communication
	 	 	58	 
	Section 10.02

	 	Amendments, Etc
	 	 	60	 
	Section 10.03

	 	Enforcement
	 	 	61	 
	Section 10.04

	 	Expenses; Indemnity; Damage Waiver
	 	 	62	 
	Section 10.05

	 	Payments Set Aside
	 	 	63	 
	Section 10.06

	 	Successors and Assigns
	 	 	64	 
	Section 10.07

	 	Survival
	 	 	67	 
	Section 10.08

	 	Counterparts; Integration; Effectiveness
	 	 	67	 
	Section 10.09

	 	Severability
	 	 	68	 
	Section 10.10

	 	Right of Setoff
	 	 	68	 
	Section 10.11

	 	Governing Law; Jurisdiction; Etc.
	 	 	68	 
	Section 10.12

	 	Waiver of Jury Trial
	 	 	69	 
	Section 10.13

	 	Treatment of Certain Information; Confidentiality
	 	 	70	 
	Section 10.14

	 	Interest Rate Limitation
	 	 	70	 
	Section 10.15

	 	No Advisory or Fiduciary Responsibility
	 	 	71	 
	Section 10.16

	 	Electronic Execution of Assignments and Certain Other Documents
	 	 	71	 
	Section 10.17

	 	Termination of Existing Agreements
	 	 	71	 
	Section 10.18

	 	USA PATRIOT Act
	 	 	72	 
	 
	 	 	 	 	 	 
	SIGNATURES

	 	 	 	 	S-1	 

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	SCHEDULES	 	 
	 
	 	 	 	 	 	 
	 

	 	 	2.01	 	 	Commitments and Applicable Percentages
	 

	 	 	3.04(a)		 	Guarantee Obligations
	 

	 	 	3.06	 	 	Disclosed Matters
	 

	 	 	3.13	 	 	Subsidiaries
	 

	 	 	6.02	 	 	Existing Indebtedness
	 

	 	 	6.03	 	 	Existing Liens
	 

	 	 	6.04(b)		 	Additional Businesses
	 

	 	 	6.06	 	 	Existing Restrictions
	 

	 	 	10.01	 	 	Administrative Agent’s Office; Certain Addresses for Notices
	 
	 	 	 	 	 	 
	EXHIBITS

	 	 
	 
	 	 	 	 	 	 
	 

	 	 	 	 	 	Form of
	 
	 	 	 	 	 	 
	 

	 	 	A	 	 	Committed Loan Notice
	 

	 	 	B	 	 	Swingline Loan Notice
	 

	 	 	C	 	 	Note
	 

	 	 	D	 	 	Assignment and Acceptance
	 

	 	 	E-1	 	 	Form of Opinion of Mayer Brown LLP
	 

	 	 	E-2	 	 	Form of Opinion of Stinson Morrison Hecker LLP

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CREDIT AND GUARANTEE AGREEMENT

          This CREDIT AND GUARANTEE AGREEMENT is entered into as of March 4, 2010, among BLOCK FINANCIAL
LLC, a Delaware limited liability company (the “Borrower”), H&R BLOCK, INC., a Missouri
corporation (the “Guarantor”), each lender from time to time party hereto (collectively,
the “Lenders” and individually, a “Lender”), and BANK OF AMERICA, N.A., as
Administrative Agent and Swingline Lender.

          The Borrower has requested that the Lenders provide a revolving credit facility, and the
Lenders are willing to do so on the terms and conditions set forth herein.

          In consideration of the mutual covenants and agreements herein contained, the parties hereto
covenant and agree as follows:

ARTICLE I

DEFINITIONS AND ACCOUNTING TERMS

          Section 1.01 Defined Terms. As used in this Agreement, the following terms have the
meanings specified below:

          “Administrative Agent” means Bank of America in its capacity as administrative agent
for the Lenders hereunder, or any successor administrative agent.

          “Administrative Agent’s Office” means the Administrative Agent’s address and, as
appropriate, account as set forth on Schedule 10.01, or such other address or account as
the Administrative Agent may from time to time notify to the Borrower and the Lenders.

          “Administrative Questionnaire” means an Administrative Questionnaire in a form
approved by the Administrative Agent.

          “Affiliate” means, with respect to a specified Person, another Person that directly,
or indirectly through one or more intermediaries, Controls or is Controlled by or is under common
Control with the Person specified. For the avoidance of doubt, neither the Guarantor nor any of
its Subsidiaries shall be deemed to Control any of its franchisees by virtue of provisions in the
relevant franchise agreement regulating the business and operations of such franchisee.

          “Aggregate Commitments” means the Commitments of all the Lenders.

          “Agreement” means this Credit and Guarantee Agreement.

          “Applicable Percentage” means, with respect to any Lender, the percentage of the
Aggregate Commitments represented by such Lender’s Commitment. If the Commitments have terminated
or expired, the Applicable Percentages shall be determined based upon the Commitments most recently
in effect, giving effect to any assignments.

          “Applicable Rate” means, for any day, the rate per annum based on the Ratings in
effect on such day, as set forth under the relevant column heading below:

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	 	 	 	 	 	 	Applicable Rate for	 
	 	 	 	 	 	 	 	 	 	 	Eurodollar Rate	 	 	Facility Fees	 
	Category	 	 	Ratings	 	Base Rate Loans	 	 	Loans	 	 	Payable Hereunder	 
	I	 	Higher than: A- by
S&P or A3 by
Moody’s
	 	 	0.300	%	 	 	1.300	%	 	 	0.200	%
	II	 	A- by S&P or A3 by
Moody’s
	 	 	0.750	%	 	 	1.750	%	 	 	0.250	%
	III	 	BBB+ by S&P or Baa1
by Moody’s
	 	 	1.125	%	 	 	2.125	%	 	 	0.375	%
	IV	 	BBB by S&P or Baa2
by Moody’s
	 	 	1.125	%	 	 	2.125	%	 	 	0.500	%
	V	 	BBB- by S&P or Baa3
by Moody’s
	 	 	1.400	%	 	 	2.400	%	 	 	0.600	%
	VI	 	Lower than: BBB-
by S&P or Baa3 by
Moody’s
	 	 	1.800	%	 	 	2.800	%	 	 	0.700	%

; provided that (a) if on any day the Ratings of S&P and Moody’s do not fall in the
same category, then the higher of such Ratings shall be applicable for such day, unless one of the
two ratings is two or more Ratings levels lower than the other, in which case the applicable rate
shall be determined by reference to the Ratings level next below that of the higher of the two
ratings, (b) if on any day the Rating of only S&P or Moody’s is available, then such Rating shall
be applicable for such day and (c) if on any day a Rating is not available from both S&P and
Moody’s, then the Ratings in category VI above shall be applicable for such day. Any change in the
Applicable Rate resulting from a change in Rating by either S&P or Moody’s shall become effective
on the date such change is publicly announced by such rating agency.

          “Arranger” means any of Banc of America Securities LLC, Wells Fargo Securities, LLC
and BNP Paribas Securities Corp. in its capacity as a joint lead arranger and joint book manager.

          “Assignment and Acceptance” means an assignment and acceptance entered into by a
Lender and an assignee (with the consent of any party whose consent is required by
Section 10.06(b)), and accepted by the Administrative Agent, in substantially the form of
Exhibit D or any other form approved by the Administrative Agent.

          “Availability Period” means the period from the Closing Date to the earlier of the
Maturity Date and the date of termination of the Commitments.

          “Bank of America” means Bank of America, N.A. and its successors.

          “Base Rate” means for any day a fluctuating rate per annum equal to the highest of
(a) the Federal Funds Rate plus 1/2 of 1%, (b) the rate of interest in effect for such day
as publicly announced from time to time by Bank of America as its “prime rate” and (c) the
Eurodollar Rate plus 1.00%. The “prime rate” is a rate set by Bank of America based upon
various factors, including Bank of America’s costs and desired return, general economic conditions
and other factors, and is used as a reference point for pricing some loans, which may be priced at,
above, or below such announced rate. Any change in such rate announced by Bank

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of America shall take effect at the opening of business on the day specified in the public
announcement of such change.

          “Base Rate Committed Loan” means a Committed Loan that is a Base Rate Loan.

          “Base Rate Loan” means a Loan that bears interest based on the Base Rate.

          “Board” means the Board of Governors of the Federal Reserve System of the United
States of America.

          “Borrower” has the meaning assigned to such term in the introductory paragraph hereof.

          “Borrower Materials” has the meaning specified in Section 5.01.

          “Borrowing” means (a) Committed Loans of the same Type made, converted or continued on
the same date and, in the case of Eurodollar Rate Loans, as to which a single Interest Period is in
effect or (b) a Swingline Loan.

          “Business Day” means any day other than a Saturday, Sunday or other day on which
commercial banks are authorized to close under the laws of, or are in fact closed in, New York City
and, if such day relates to any Eurodollar Rate Loan, means any such day on which dealings in
Dollar deposits are conducted by and between banks in the London interbank eurodollar market.

          “Capital Lease Obligations” of any Person means the obligations of such Person to pay
rent or other amounts under any lease of (or other arrangement conveying the right to use) real or
personal property, or a combination thereof, which obligations are required to be classified and
accounted for as capital leases on a balance sheet of such Person under GAAP, and the amount of
such obligations shall be the capitalized amount thereof determined in accordance with GAAP.

          “Capital Stock” means any and all shares, interests, participations or other
equivalents (however designated) of capital stock of a corporation, any and all equivalent
ownership interests in a Person (other than a corporation) and any and all warrants or options to
purchase any of the foregoing.

          “Cash Collateralize” means to pledge and deposit with or deliver to the Administrative
Agent, for the benefit of the Administrative Agent or the Swingline Lender (as applicable) and the
Lenders, as collateral for obligations of Defaulting Lenders to fund participations in Swingline
Loans, cash or deposit account balances or, if the Swingline Lender shall agree in its sole
discretion, other credit support, in each case pursuant to documentation in form and substance
satisfactory to (a) the Administrative Agent and (b) the Swingline Lender (as applicable). “Cash
Collateral” shall have a meaning correlative to the foregoing and shall include the proceeds of
such cash collateral and other credit support.

          “Cash Equivalents”: (a) marketable direct obligations issued by, or unconditionally
guaranteed by, the United States government or issued by any agency thereof

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and backed by the full faith and credit of the United States, in each case maturing within one
year from the date of acquisition; (b) certificates of deposit, time deposits, eurodollar time
deposits or overnight bank deposits having maturities of six months or less from the date of
acquisition issued by (i) any Lender, (ii) any commercial bank organized under the laws of the
United States or any state thereof having combined capital and surplus of not less than
$500,000,000 or (iii) any other bank if, and to the extent, covered by FDIC insurance;
(c) commercial paper of an issuer rated at least A-1 by S&P or P-1 by Moody’s, or carrying an
equivalent rating by a nationally recognized rating agency, if both of the two named rating
agencies cease publishing ratings of commercial paper issuers generally, and maturing within six
months from the date of acquisition; (d) repurchase obligations of any Lender or of any commercial
bank satisfying the requirements of clause (b) of this definition, having a term of not more than
30 days, with respect to securities issued or fully guaranteed or insured by the United States
government; (e) securities with maturities of one year or less from the date of acquisition issued
or fully guaranteed by any state, commonwealth or territory of the United States, by any political
subdivision or taxing authority of any such state, commonwealth or territory or by any foreign
government, the securities of which state, commonwealth, territory, political subdivision, taxing
authority or foreign government (as the case may be) are rated at least A by S&P or A2 by Moody’s;
(f) securities with maturities of six months or less from the date of acquisition backed by standby
letters of credit issued by any Lender or any commercial bank satisfying the requirements of
clause (b) of this definition; (g) money market mutual or similar funds that invest exclusively in
assets satisfying the requirements of clauses (a) through (f) of this definition; (h) money market
funds that (i) comply with the criteria set forth in SEC Rule 2a-7 under the Investment Company Act
of 1940, (ii) are rated AAA by S&P and Aaa by Moody’s and (iii) have portfolio assets of at least
$1,000,000,000; (i) interests in privately offered investment funds under Section 3(c)(7) of the
U.S. Investment Company Act of 1940 where such interests are (i) freely transferable and (ii) rated
AAA by S&P or Aaa by Moody’s; and (j) one month LIBOR floating rate asset backed securities that
are (i) freely transferable and (ii) rated AAA by S&P or Aaa by Moody’s.

          “Change in Control” means (a) the acquisition of ownership, directly or indirectly,
beneficially or of record, by any Person or group (within the meaning of the Securities Exchange
Act of 1934, and the rules of the Securities and Exchange Commission thereunder as in effect on the
date hereof) of shares representing more than 25% of the aggregate ordinary voting power
represented by the issued and outstanding Capital Stock of the Guarantor; (b) occupation of a
majority of the seats (other than vacant seats) on the board of directors of the Guarantor by
Persons who were neither (i) nominated by the board of directors of the Guarantor nor
(ii) appointed by directors so nominated; (c) the acquisition of direct or indirect Control of the
Guarantor by any Person or group; or (d) the failure of the Guarantor to own, directly or
indirectly, shares representing 100% of the aggregate ordinary voting power represented by the
issued and outstanding Capital Stock of the Borrower.

          “Change in Law” means (a) the adoption of any law, rule or regulation after the date
of this Agreement, (b) any change in any law, rule or regulation or in the interpretation or
application thereof by any Governmental Authority after the date of this Agreement or
(c) compliance by any Lender (or, for purposes of Section 2.10(b), by any Lending Office of
such Lender or by such Lender’s holding company, if any) with any request, guideline or

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directive (whether or not having the force of law) of any Governmental Authority made or
issued after the date of this Agreement.

          “Charges” has the meaning assigned to such term in Section 10.14.

          “Closing Date” means the first date all the conditions precedent in
Section 4.01 are satisfied or waived in accordance with Section 10.02.

          “Code” means the Internal Revenue Code of 1986.

          “Commitment” means, as to each Lender, its obligation to (a) make Committed Loans to
the Borrower pursuant to Section 2.01 and (b) purchase participations in Swingline Loans,
in an aggregate principal amount at any one time outstanding not to exceed the amount set forth
opposite such Lender’s name on Schedule 2.01 or in the Assignment and Acceptance pursuant
to which such Lender becomes a party hereto, as applicable, as such amount may be adjusted from
time to time in accordance with this Agreement.

          “Committed Borrowing” means a borrowing consisting of simultaneous Committed Loans of
the same Type and, in the case of Eurodollar Rate Loans, having the same Interest Period made by
each of the Lenders pursuant to Section 2.01.

          “Committed Loan” has the meaning specified in Section 2.01.

          “Committed Loan Notice” means a notice of (a) a Committed Borrowing, (b) a conversion
of Committed Loans from one Type to the other, or (c) a continuation of Eurodollar Rate Loans,
pursuant to Section 2.02(a), which, if in writing, shall be substantially in the form of
Exhibit A.

          “Company” means any of the Guarantor, the Borrower or any Subsidiary.

          “Consolidated Net Worth” means, at any time, the total amount of stockholders’ equity
of the Guarantor and its consolidated Subsidiaries at such time determined on a consolidated basis
in accordance with GAAP.

          “Contractual Obligation” means, as to any Person, any provision of any security issued
by such Person or of any agreement, instrument or undertaking to which such Person is a party or by
which it or any of its property is bound.

          “Control” means the possession, directly or indirectly, of the power to direct or
cause the direction of the management or policies of a Person, whether through the ability to
exercise voting power, by contract or otherwise. “Controlling” and “Controlled”
have meanings correlative thereto.

          “Credit Parties” means the collective reference to the Borrower and the Guarantor.

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          “Default” means any event or condition which constitutes an Event of Default or which
upon notice, lapse of time or both would, unless cured or waived, become an Event of Default.

          “Defaulting Lender” means, subject to Section 2.17(b), any Lender that, as
determined by the Administrative Agent, (a) has failed to perform any of its funding obligations
hereunder, including in respect of its Loans or participations in respect of Swingline Loans,
within three Business Days of the date required to be funded by it hereunder, (b) has notified the
Borrower, or the Administrative Agent that it does not intend to comply with its funding
obligations or has made a public statement to that effect with respect to its funding obligations
hereunder or under other agreements in which it commits to extend credit, (c) has failed, within
three Business Days after written request by the Administrative Agent (based on its reasonable
belief that such Lender may not fulfill its funding obligations), to confirm in a manner
satisfactory to the Administrative Agent that it will comply with its funding obligations
hereunder, or (d) has, or has a direct or indirect parent company that has, (i) become the subject
of a proceeding under any debtor relief law, (ii) had a receiver, conservator, trustee,
administrator, assignee for the benefit of creditors or similar Person charged with reorganization
or liquidation of its business or a custodian appointed for it, or (iii) taken any action in
furtherance of, or indicated its consent to, approval of or acquiescence in any such proceeding or
appointment; provided that a Lender shall not be a Defaulting Lender solely by virtue of
the ownership or acquisition of any equity interest in that Lender or any direct or indirect parent
company thereof by a Governmental Authority.

          “Disclosed Matters” means (a) matters disclosed in the Borrower’s public filings with
the Securities and Exchange Commission prior to March 1, 2010 and (b) the actions, suits,
proceedings and environmental matters disclosed in Schedule 3.06.

          “Dollar” or “$” refers to lawful money of the United States of America.

          “Environmental Laws” means all laws, rules, regulations, codes, ordinances, orders,
decrees, judgments, injunctions, notices or binding agreements issued, promulgated or entered into
by any Governmental Authority, relating in any way to the environment, preservation or reclamation
of natural resources, to the management, release or threatened release of any Hazardous Material or
to health and safety matters.

          “Environmental Liability” means any liability, contingent or otherwise (including any
liability for damages, costs of environmental remediation, fines, penalties or indemnities), of any
Company directly or indirectly resulting from or based upon (a) violation of any Environmental Law,
(b) the generation, use, handling, transportation, storage, treatment or disposal of any Hazardous
Materials, (c) exposure to any Hazardous Materials, (d) the release or threatened release of any
Hazardous Materials into the environment or (e) any contract, agreement or other consensual
arrangement pursuant to which liability is assumed or imposed with respect to any of the foregoing.

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

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          “ERISA Affiliate” means any trade or business (whether or not incorporated) that,
together with either Credit Party, is treated as a single employer under Section 414(b) or (c) of
the Code or, solely for purposes of Section 302 of ERISA and Section 412 of the Code, is treated as
a single employer under Section 414 of the Code.

          “ERISA Event” means (a) any “reportable event”, as defined in Section 4043 of ERISA or
the regulations issued thereunder with respect to a Plan (other than an event for which the 30-day
notice period is waived); (b) a determination that any Plan is in “at risk” status (within the
meaning of Section 303 of ERISA); (c) the filing pursuant to Section 412(c) of the Code or
Section 302(c) of ERISA of an application for a waiver of the minimum funding standard with respect
to any Plan; (d) the incurrence by either Credit Party or any of their ERISA Affiliates of any
liability under Title IV of ERISA with respect to the termination of any Plan; (e) the receipt by
either Credit Party or any ERISA Affiliate from the PBGC or a plan administrator of any notice
relating to an intention to terminate any Plan or Plans or to appoint a trustee to administer any
Plan; (f) the conditions for imposition of a lien under Section 303(k) of ERISA shall have been met
with respect to any Plan; (g) the incurrence by either Credit Party or any of their ERISA
Affiliates of any liability with respect to the withdrawal or partial withdrawal from any Plan or
Multiemployer Plan; or (h) the receipt by either Credit Party or any ERISA Affiliate of any notice,
or the receipt by any Multiemployer Plan from either Credit Party or any ERISA Affiliate of any
notice, concerning the imposition of Withdrawal Liability or a determination that a Multiemployer
Plan is, or is expected to be, insolvent or in reorganization, within the meaning of Title IV of
ERISA.

          “Eurodollar Rate” means:

     (a) for any Interest Period with respect to a Eurodollar Rate Loan, the rate per annum
equal to the British Bankers Association LIBOR Rate (“BBA LIBOR”), as published by
Reuters (or another commercially available source providing quotations of BBA LIBOR as
reasonably designated by the Administrative Agent from time to time in a notice to the
Borrower) at approximately 11:00 a.m., London time, two Business Days prior to the
commencement of such Interest Period, for Dollar deposits (for delivery on the first day of
such Interest Period) with a term equivalent to such Interest Period; or if such rate is not
available at such time for any reason, then the “Eurodollar Rate” for such Interest Period
shall be the rate per annum determined by the Administrative Agent to be the rate at which
deposits in Dollars for delivery on the first day of such Interest Period in same day funds
in the approximate amount of the Eurodollar Rate Loan being made, continued or converted by
Bank of America and with a term equivalent to such Interest Period would be offered by Bank
of America’s London Branch to major banks in the London interbank eurodollar market at their
request at approximately 11:00 a.m. (London time) two Business Days prior to the
commencement of such Interest Period; and

     (b) for any interest rate calculation with respect to a Base Rate Loan, the rate per
annum equal to (i) BBA LIBOR, as published by Reuters (or another commercially available
source providing quotations of BBA LIBOR as reasonably designated by the Administrative
Agent from time to time in a notice to the Borrower) at approximately 11:00 a.m., London
time, two Business Days prior to the date of determination for Dollar deposits being
delivered in the London interbank market for a term of one month

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commencing that day; or (ii) if such rate is not available at such time for any reason,
the rate determined by the Administrative Agent to be the rate at which deposits in Dollars
for delivery on the date of determination in same day funds in the approximate amount of the
Base Rate Loan being made, continued or converted by Bank of America and with a term equal
to one month would be offered by Bank of America’s London Branch to major banks in the
London interbank eurodollar market at their request at approximately 11:00 a.m. (London
time) two Business Days prior to the date of determination.

          “Eurodollar Rate Loan” means a Committed Loan that bears interest at a rate based on
clause (a) of the definition of “Eurodollar Rate”.

          “Event of Default” means any event or condition described in Section 8.01.

          “Excluded Taxes” means, with respect to the Administrative Agent, any Lender or any
other recipient of any payment to be made by or on account of any obligation of the Borrower
hereunder, (a) income or franchise taxes imposed on (or measured by) its net income by the United
States of America, or by the jurisdiction under the laws of which such recipient is organized or in
which its principal office is located or, in the case of any Lender, in which its applicable
Lending Office is located, (b) any branch profits taxes imposed by the United States of America or
any similar tax imposed by any other jurisdiction in which the Borrower is located and (c) in the
case of a Foreign Lender (other than an assignee pursuant to a request by the Borrower under
Section 2.14(b)), any withholding tax that is imposed on amounts payable to such Foreign
Lender at the time such Foreign Lender becomes a party to this Agreement or is attributable to such
Foreign Lender’s failure or inability to comply with Section 2.12(e), except to the extent
that such Foreign Lender’s assignor (if any) was entitled, at the time of assignment, to receive
additional amounts from the Borrower with respect to such withholding tax pursuant to
Section 2.12(a).

          “Existing Agreements” means (a) the Five-Year Credit and Guarantee Agreement, dated as
of August 10, 2005, among the Borrower, the Guarantor, various financial institutions and JPMorgan
Chase Bank, N.A., as Administrative Agent and (b) the Amended and Restated Five-Year Credit and
Guarantee Agreement, dated as of August 10, 2005, among the Borrower, the Guarantor, various
financial institutions and JPMorgan Chase Bank, N.A., as administrative agent.

          “Federal Funds Rate” means, for any day, the rate per annum equal to the weighted
average of the rates on overnight Federal funds transactions with members of the Federal Reserve
System arranged by Federal funds brokers on such day, as published by the Federal Reserve Bank of
New York on the Business Day next succeeding such day; provided that (a) if such day is not
a Business Day, the Federal Funds Rate for such day shall be such rate on such transactions on the
next preceding Business Day as so published on the next succeeding Business Day, and (b) if no such
rate is so published on such next succeeding Business Day, the Federal Funds Rate for such day
shall be the average rate (rounded upward, if necessary, to a whole multiple of 1/100 of 1%)
charged to Bank of America on such day on such transactions as determined by the Administrative
Agent.

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          “Fee Letters” means the letter agreements, each dated February 3, 2010, among the
Borrower, the Administrative Agent and the respective Arrangers.

          “Financial Officer” means the chief financial officer, principal accounting officer,
treasurer or controller of the Borrower or the Guarantor, as the context may require.

          “Foreign Lender” means any Lender that is organized under the laws of a jurisdiction
other than that in which the Borrower is located. For purposes of this definition, the United
States of America, each State thereof and the District of Columbia shall be deemed to constitute a
single jurisdiction.

          “Fronting Exposure” means, at any time there is a Defaulting Lender, such Defaulting
Lender’s Applicable Percentage of Swingline Loans other than Swingline Loans as to which such
Defaulting Lender’s participation obligation has been reallocated to other Lenders or Cash
Collateralized in accordance with the terms hereof.

          “GAAP” means generally accepted accounting principles in the United States of America.

          “Governmental Authority” means the government of the United States of America, any
other nation or any political subdivision thereof, whether state, provincial or local, and any
agency, authority, instrumentality, regulatory body, court, central bank or other entity exercising
executive, legislative, judicial, taxing, regulatory or administrative powers or functions of or
pertaining to government (including any supra-national bodies such as the European Union or the
European Central Bank).

          “Guarantee” of or by any Person (the “guarantor”) means any obligation,
contingent or otherwise, of the guarantor guaranteeing or having the economic effect of
guaranteeing any Indebtedness or other obligation of any other Person (the “primary
obligor”) in any manner, whether directly or indirectly, and including any obligation of the
guarantor, direct or indirect, (a) to purchase or pay (or advance or supply funds for the purchase
or payment of) such Indebtedness or other obligation or to purchase (or to advance or supply funds
for the purchase of) any security for the payment thereof, (b) to purchase or lease property,
securities or services for the purpose of assuring the owner of such Indebtedness or other
obligation of the payment thereof, (c) to maintain working capital, equity capital or any other
financial statement condition or liquidity of the primary obligor so as to enable the primary
obligor to pay such Indebtedness or other obligation or (d) as an account party in respect of any
letter of credit or letter of guaranty issued to support such Indebtedness or obligation;
provided that the term Guarantee shall not include endorsements for collection or deposit
in the ordinary course of business.

          “Guarantee Obligation” means, as to any Person, any obligation of such Person
guaranteeing or in effect guaranteeing any Indebtedness, leases, dividends or other obligations
(the “primary obligations”) of any other Person (the “primary obligor”) in any
manner, whether directly or indirectly, including any obligation of such Person, whether or not
contingent, (a) to purchase any such primary obligation or any property constituting direct or
indirect security therefor, (b) to advance or supply funds (i) for the purchase or payment of any
such primary

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obligation or (ii) to maintain working capital or equity capital of the primary obligor or
otherwise to maintain the net worth or solvency of the primary obligor, (c) to purchase property,
securities or services primarily for the purpose of assuring the owner of any such primary
obligation of the ability of the primary obligor to make payment of such primary obligation or
(d) otherwise to assure or hold harmless the owner of any such primary obligation against loss in
respect thereof; provided, however, that the term Guarantee Obligation shall not
include endorsements of instruments for deposit or collection in the ordinary course of business.
The amount of any Guarantee Obligation shall be deemed to be an amount equal as of any date of
determination to the stated determinable amount of the primary obligation in respect of which such
Guarantee Obligation is made (unless such Guarantee Obligation shall be expressly limited to a
lesser amount, in which case such lesser amount shall apply) or, if not stated or determinable, the
amount as of any date of determination of the maximum reasonably anticipated liability in respect
thereof as determined by such Person in good faith.

          “Guarantor” has the meaning assigned to such term in the introductory paragraph
hereof.

          “Hazardous Materials” means all explosive or radioactive substances or wastes and all
hazardous or toxic substances, wastes or other pollutants, including petroleum or petroleum
distillates, asbestos or asbestos containing materials, polychlorinated biphenyls, radon gas,
infectious or medical wastes and all other substances or wastes of any nature regulated pursuant to
any Environmental Law.

          “Hedging Agreement” means any interest rate protection agreement, foreign currency
exchange agreement, commodity price protection agreement or other interest or currency exchange
rate or commodity price hedging arrangement.

          “Indebtedness” of any Person means, without duplication, (a) all obligations of such
Person for borrowed money or with respect to deposits or advances of any kind, (b) all obligations
of such Person evidenced by bonds, debentures, notes or similar instruments, (c) all obligations of
such Person upon which interest charges are customarily paid, (d) all obligations of such Person
under conditional sale or other title retention agreements relating to property acquired by such
Person, (e) all obligations of such Person in respect of the deferred purchase price of property or
services (excluding current accounts payable and accrued expenses incurred in the ordinary course
of business), (f) all Indebtedness of others secured by (or for which the holder of such
Indebtedness has an existing right, contingent or otherwise, to be secured by) any Lien on property
owned or acquired by such Person, whether or not the Indebtedness secured thereby has been assumed,
(g) all Guarantees by such Person of Indebtedness of others, (h) all Capital Lease Obligations of
such Person, (i) all obligations, contingent or otherwise, of such Person as an account party in
respect of letters of credit and letters of guaranty, (j) all obligations, contingent or otherwise,
of such Person in respect of bankers’ acceptances, (k) for purposes of Section 6.02 only,
all preferred stock issued by a Subsidiary of such Person and (l) obligations under any RAL
Receivables Transaction or Other Receivables Transaction to the extent of the related RAL
Receivables Amount or Other Receivables Amount, respectively. The Indebtedness of any Person shall
include the Indebtedness of any other entity (including any partnership in which such Person is a
general partner) to the extent such Person is liable therefor as a result of such Person’s
ownership interest in or other relationship with such entity, except to

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the extent the terms of such Indebtedness provide that such Person is not liable therefor.
Indebtedness of a Person shall not include obligations with respect to funds held by such Person in
custody for, or for the benefit of, third parties which are to be paid at the direction of such
third parties (and are not used for any other purpose).

          “Indemnified Taxes” means Taxes other than Excluded Taxes.

          “Indemnitee” has the meaning assigned to such term in Section 10.04(b).

          “Indirect RAL Participation Transaction” means any transaction by any Company
involving (a) an investment in a partnership, limited partnership, limited liability company,
limited liability partnership, business trust or other pass-through entity which is partially owned
by any Company, (b) the purchase by such pass-through entity of refund anticipation loans or
participation interests in refund anticipation loans (and/or related rights and interests), and
(c) the distribution of cash flow received by such pass-through entity with respect to such refund
anticipation loans or participation interests therein to the owners of such pass-through entity.

          “Information” has the meaning assigned to such term in Section 10.03.

          “Interest Payment Date” means, (a) as to any Loan other than a Base Rate Loan, the
last day of each Interest Period applicable to such Loan and the Maturity Date; provided,
however, that if any Interest Period for a Eurodollar Rate Loan exceeds three months, the
respective dates that fall every three months after the beginning of such Interest Period shall
also be Interest Payment Dates; and (b) as to any Base Rate Loan (including a Swingline Loan), the
last Business Day of each March, June, September and December and the Maturity Date.

          “Interest Period” means, as to each Eurodollar Rate Loan, the period commencing on the
date such Eurodollar Rate Loan is disbursed or converted to or continued as a Eurodollar Rate Loan
and ending on the date one or two weeks or one, two, three or six months thereafter, as selected by
the Borrower in its Committed Loan Notice; provided that:

     (i) any Interest Period (other than a one or two week Interest Period) that would
otherwise end on a day that is not a Business Day shall be extended to the next succeeding
Business Day unless such Business Day falls in another calendar month, in which case such
Interest Period shall end on the next preceding Business Day;

     (ii) any Interest Period (other than a one or two week Interest Period) that begins on
the last Business Day of a calendar month (or on a day for which there is no numerically
corresponding day in the calendar month at the end of such Interest Period) shall end on the
last Business Day of the calendar month at the end of such Interest Period; and

     (iii) no Interest Period shall extend beyond the Maturity Date.

          “Lender” has the meaning assigned to such term in the introductory paragraph hereof
and, as the context requires, includes the Swingline Lender.

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          “Lending Office” means, as to any Lender, the office or offices of such Lender
described as such in such Lender’s Administrative Questionnaire, or such other office or offices as
a Lender may from time to time notify the Borrower and the Administrative Agent.

          “Lien” means, with respect to any asset, (a) any mortgage, deed of trust, lien,
pledge, hypothecation, encumbrance, charge or security interest in, on or of such asset, (b) the
interest of a vendor or a lessor under any conditional sale agreement, capital lease or title
retention agreement (or any financing lease having substantially the same economic effect as any of
the foregoing) relating to such asset and (c) in the case of securities, any purchase option, call
or similar right of a third party with respect to such securities; provided that clause (c)
above shall be deemed not to include stock options granted by any Person to its directors, officers
or employees with respect to the Capital Stock of such Person.

          “Loan” means an extension of credit by a Lender to the Borrower under
Article II in the form of a Committed Loan or a Swingline Loan.

          “Loan Documents” means this Agreement and the Notes, if any, and the Fee Letters.

          “Margin Stock” means any “margin stock” as defined in Regulation U of the Board.

          “Material Adverse Effect” means a material adverse effect on (a) the business, assets
or condition (financial or otherwise) of the Guarantor and its Subsidiaries taken as a whole,
(b) the ability of either Credit Party to perform any of its obligations under this Agreement or
(c) the rights of or benefits available to the Lenders under this Agreement.

          “Material Indebtedness” means Indebtedness (other than the Loans), or obligations in
respect of one or more Hedging Agreements, of one or more of the Companies in an aggregate
principal amount exceeding $40,000,000. For purposes of determining Material Indebtedness, the
“principal amount” of the obligations of any Company in respect of any Hedging Agreement at any
time shall be the aggregate amount (giving effect to any netting agreements) that such Company
would be required to pay if such Hedging Agreement were terminated at such time.

          “Material Subsidiary” means any Subsidiary of a Credit Party the aggregate assets or
revenues of which, as of the last day of the most recently ended fiscal quarter for which the
Borrower has delivered financial statements pursuant to Section 5.01(a) or (b), (x)
when aggregated with the assets or revenues of all other Subsidiaries with respect to which the
actions contemplated by Section 6.04 are taken, are greater than 5% of the total assets or
total revenues, as applicable, of the Guarantor and its consolidated Subsidiaries, or (y) as to
such Subsidiary, are greater than 5% of the total assets or total revenues, as applicable, of the
Guarantor and its consolidated Subsidiaries, in each case as determined in accordance with GAAP.

          “Maturity Date” means July 31, 2013; provided, however, that if such
date is not a Business Day, the Maturity Date shall be the next succeeding Business Day.

          “Maximum Rate” has the meaning assigned to such term in Section 10.14.

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          “Moody’s” means Moody’s Investors Service, Inc. and any successor thereto.

          “Multiemployer Plan” means a multiemployer plan as defined in Section 4001(a)(3) of
ERISA.

          “Note” means a promissory note made by the Borrower in favor of a Lender evidencing
Loans made by such Lender, substantially in the form of Exhibit C.

          “Obligations” means, collectively, the unpaid principal of and interest on the Loans
and all other obligations and liabilities of the Borrower (including interest accruing at the then
applicable rate provided herein after the maturity of the Loans and interest accruing at the then
applicable rate provided herein after the filing of any petition in bankruptcy, or the commencement
of any insolvency, reorganization or like proceeding, relating to the Borrower, whether or not a
claim for post-filing or post-petition interest is allowed in such proceeding) to the
Administrative Agent or any Lender, whether direct or indirect, absolute or contingent, due or to
become due, or now existing or hereafter incurred, which may arise under, out of, or in connection
with, this Agreement or any other document made, delivered or given in connection herewith, whether
on account of principal, interest, reimbursement obligations, fees, indemnities, costs, expenses or
otherwise (including all fees and disbursements of counsel to the Administrative Agent or to the
Lenders that are required to be paid by the Borrower pursuant to the terms of any of the foregoing
agreements).

          “Other Receivables Amount” means, at any time, the difference (but not less than
zero) between (i) the aggregate amount of funds received by the Guarantor, any Subsidiary or
any qualified or unqualified special purpose entity created by any Subsidiary with respect to the
transfer of loans or advances to customers, or participation interests in such loans or advances
(and/or related rights and interests), to any third party in any Other Receivables Transaction, at
or prior to such time, minus (ii) the aggregate amount received by all such third parties
with respect to the transferred loans or advances, or participation interests in such loans or
advances (and/or related rights and interests), in all Other Receivables Transactions, at or prior
to such time, excluding from the amounts received by such third parties, the aggregate
amount of any origination, set up, structuring or similar fees, all implicit or explicit financing
expenses and all indemnification and reimbursement payments paid to any such third party in
connection with any Other Receivables Transaction.

          “Other Receivables Transaction” means any securitization, on — or off- balance sheet
financing or sale transaction, involving financial products or services offered to retail customers
of any Company, or any participation interest therein (and/or related rights and interests), that
were acquired by a Company or any qualified or unqualified special purpose entity created by any
Company; excluding any RAL Receivables Transaction.

          “Other Taxes” means all present or future stamp or documentary taxes or any other
excise or property taxes, charges or similar levies arising from any payment made hereunder or from
the execution, delivery or enforcement of, or otherwise with respect to, this Agreement.

          “Participant” has the meaning assigned to such term in Section 10.06(e).

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          “PBGC” means the Pension Benefit Guaranty Corporation referred to and defined in ERISA
and any successor entity performing similar functions.

          “Permitted Encumbrances” means:

     (a) judgment Liens in respect of judgments not constituting an Event of Default under
clause (k) of Article VIII;

     (b) Liens imposed by law for taxes that are not yet due or are being contested in
compliance with Section 5.04;

     (c) carriers’, warehousemen’s, mechanics’, materialmen’s, repairmen’s and other like
Liens imposed by law, arising in the ordinary course of business and securing obligations
that are not overdue by more than 30 days or are being contested in compliance with
Section 5.04;

     (d) pledges and deposits made in the ordinary course of business in compliance with
workers’ compensation, unemployment insurance and other social security laws or regulations;

     (e) deposits to secure the performance of bids, trade contracts, leases, statutory
obligations, surety and appeal bonds, performance bonds and other obligations of a like
nature, in each case in the ordinary course of business; and

     (f) easements, zoning restrictions, rights-of-way and similar encumbrances on real
property imposed by law or arising in the ordinary course of business that do not secure any
monetary obligations and do not materially detract from the value of the affected property
or interfere with the ordinary conduct of business of any Company;

provided that the term “Permitted Encumbrances” shall not include any Lien securing
Indebtedness.

          “Person” means any natural person, corporation, limited liability company, trust,
joint venture, association, company, partnership, Governmental Authority or other entity.

          “Plan” means any employee pension benefit plan (other than a Multiemployer Plan)
subject to the provisions of Title IV of ERISA or Section 412 of the Code or Section 302 of ERISA
that is maintained for employees of either Credit Party or any ERISA Affiliate (or, if such plan
were terminated, either Credit Party or any ERISA Affiliate could have liability under Section 4069
of ERISA.

          “Platform” has the meaning assigned to such term in Section 5.01.

          “Public Lender” has the meaning assigned to such term in Section 5.01.

          “RAL Receivables Amount” means, at any time, the difference (but not less than
zero) between (i) the aggregate amount of funds received by the Guarantor, any Subsidiary or
any qualified or unqualified special purpose entity created by any Subsidiary with respect to the

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transfer of refund anticipation loans, or participation interests in refund anticipation loans
(and/or related rights and interests), to any third party in any RAL Receivables Transaction, at or
prior to such time, minus (ii) the aggregate amount received by all such third parties with
respect to the transferred refund anticipation loans, or participation interests in refund
anticipation loans (and/or related rights and interests), in all RAL Receivables Transactions, at
or prior to such time, excluding from the amounts received by such third parties, the
aggregate amount of any origination, set up, structuring or similar fees, all implicit or explicit
financing expenses and all indemnification and reimbursement payments paid to any such third party
in connection with any RAL Receivables Transaction.

          “RAL Receivables Transaction” means any securitization, on – or off – balance sheet
financing or sale transaction, involving refund anticipation loans, or participation interests in
refund anticipation loans (and/or related rights and interests), that were acquired by the
Guarantor, any Subsidiary or any qualified or unqualified special purpose entity created by any
Subsidiary.

          “Rating” means the rating of S&P or Moody’s, as the case may be, applicable to the
long-term senior unsecured non-credit enhanced debt of the Borrower, as announced by S&P or
Moody’s, as the case may be, from time to time.

          “Register” has the meaning assigned to such term in Section 10.06(c).

          “Related Parties” means, with respect to any specified Person, such Person’s
Affiliates and the respective partners, directors, officers, employees, agents, trustees and
advisors of such Person and such Person’s Affiliates.

          “Required Lenders” means, as of any date of determination, Lenders having more than
50% of the Aggregate Commitments or, if the commitment of each Lender to make Loans has been
terminated pursuant to Section 8.02, Lenders holding in the aggregate more than 50% of the
Total Outstandings (with the aggregate amount of each Lender’s risk participation and funded
participation in Swingline Loans being deemed “held” by such Lender for purposes of this
definition); provided that the Commitment of, and the portion of the Total Outstandings
held or deemed held by, any Defaulting Lender shall be excluded for purposes of making a
determination of Required Lenders.

          “Restricted Margin Stock” means all Margin Stock owned by the Guarantor and its
Subsidiaries to the extent the value of such Margin Stock does not exceed 25% of the value of all
assets of the Guarantor and its Subsidiaries (determined on a consolidated basis) that are subject
to the provisions of Section 6.03 and 6.04.

          “RSM” means RSM McGladrey, Inc., a Delaware corporation.

          “S&P” means Standard & Poor’s Ratings Services, a division of The McGraw-Hill
Companies, Inc. and any successor thereto.

          “Short-Term Debt” means, at any time, the aggregate amount of Indebtedness of the
Guarantor and its Subsidiaries at such time (excluding seasonal Indebtedness of H&R Block Canada,
Inc.) having a final maturity less than one year after such time, determined on a

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consolidated basis in accordance with GAAP plus (without duplication) the aggregate amount of
Indebtedness at such time under this Agreement, minus (a) to the extent otherwise included therein,
Indebtedness outstanding at such time (i) under mortgage facilities secured by mortgages and
related assets, (ii) incurred to fund servicing obligations required as part of servicing mortgage
backed securities in the ordinary course of business, (iii) incurred and secured by broker-dealer
Subsidiaries in the ordinary course of business and (iv) deposits and other customary banking
related liabilities incurred by banking Subsidiaries in the ordinary course of business, (b) the
excess, if any, of (i) the aggregate amount of cash and Cash Equivalents held at such time in
accounts of the Guarantor and its Subsidiaries (other than broker-dealer Subsidiaries and banking
Subsidiaries) to the extent freely transferable to the Credit Parties and capable of being applied
to the Obligations without any contractual, legal or tax consequences over (ii) $15,000,000 and
(c) to the extent otherwise included therein, the current portion of long term debt.

          “Subsidiary” means, with respect to any Person (the “parent”) at any date, any
corporation, limited liability company, partnership, association or other entity the accounts of
which would be consolidated with those of the parent in the parent’s consolidated financial
statements if such financial statements were prepared in accordance with GAAP as of such date, as
well as any other corporation, limited liability company, partnership, association or other entity
(a) of which securities or other ownership interests representing more than 50% of the equity or
more than 50% of the ordinary voting power or, in the case of a partnership, more than 50% of the
general partnership interests are, as of such date, owned, controlled or held, or (b) that is, as
of such date, otherwise Controlled, by the parent or one or more Subsidiaries of the parent or by
the parent and one or more Subsidiaries of the parent. Notwithstanding the foregoing, no entity
shall be considered a “Subsidiary” solely as a result of the effect and application of FASB
Interpretation No. 46R, “Consolidation of Variable Interest Entities” (FIN 46R), as amended by FASB
Statement of Financial Standards No. 167, “Amendments to FASB Interpretation No. 46(R)”, and any
subsequent FASB statements or interpretations. Unless the context shall otherwise require, all
references to a “Subsidiary” or to “Subsidiaries” in this Agreement shall refer to a Subsidiary or
Subsidiaries of the Guarantor, including the Borrower and the Subsidiaries of the Borrower.

          “Swingline Borrowing” means a borrowing of a Swingline Loan pursuant to
Section 2.03.

          “Swingline Lender” means Bank of America in its capacity as provider of Swingline
Loans, or any successor swingline lender hereunder.

          “Swingline Loan” has the meaning assigned to such term in Section 2.03(a).

          “Swingline Loan Notice” means a notice of a Swingline Borrowing pursuant to
Section 2.03(b), which, if in writing, shall be substantially in the form of
Exhibit B.

          “Swingline Sublimit” means an amount equal to the lesser of (a) $150,000,000 and
(b) 10% of the Aggregate Commitments. The Swingline Sublimit is part of, and not in addition to,
the Aggregate Commitments.

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          “Taxes” means any and all present or future taxes, levies, imposts, duties,
deductions, charges or withholdings imposed by any Governmental Authority.

          “Total Outstandings” means, on any date, the aggregate outstanding principal amount of
Committed Loans and Swingline Loans after giving effect to any borrowings and prepayments or
repayments of Committed Loans and Swingline Loans, as the case may be, occurring on such date.

          “Transactions” means the execution, delivery and performance by the Credit Parties of
this Agreement, the borrowing of Loans and the use of the proceeds thereof.

          “Type” means, with respect to a Committed Loan, its character as a Base Rate Loan or a
Eurodollar Rate Loan.

          “Unrestricted Margin Stock” means all Margin Stock owned by the Guarantor and its
Subsidiaries other than Restricted Margin Stock.

          “Withdrawal Liability” means liability to a Multiemployer Plan as a result of a
complete or partial withdrawal from such Multiemployer Plan, as such terms are defined in Part I of
Subtitle E of Title IV of ERISA.

          Section 1.02 Other Interpretive Provisions. With reference to this Agreement and each
other Loan Document, unless otherwise specified herein or in such other Loan Document:

     (a) The definitions of terms herein shall apply equally to the singular and plural
forms of the terms defined. Whenever the context may require, any pronoun shall include the
corresponding masculine, feminine and neuter forms. The words “include,”
“includes” and “including” shall be deemed to be followed by the phrase
“without limitation.” The word “will” shall be construed to have the same meaning
and effect as the word “shall.” Unless the context requires otherwise, (i) any
definition of or reference to any agreement, instrument or other document herein shall be
construed as referring to such agreement, instrument or other document as from time to time
amended, supplemented or otherwise modified (subject to any restrictions on such amendments,
supplements or modifications set forth herein), (ii) any reference herein to any Person
shall be construed to include such Person’s successors and assigns, (iii) the words
“herein,” “hereof” and “hereunder,” and words of similar import,
shall be construed to refer to this Agreement in its entirety and not to any particular
provision hereof, (iv) all references herein to Articles, Sections, Exhibits and Schedules
shall be construed to refer to Articles and Sections of, and Exhibits and Schedules to, this
Agreement, (v) any reference to any law shall include all statutory and regulatory
provisions consolidating, amending, replacing or interpreting such law and any reference to
any law or regulation shall, unless otherwise specified, refer to such law or regulation as
amended, modified or supplemented from time to time, and (vi) the words “asset” and
“property” shall be construed to have the same meaning and effect and to refer to
any and all tangible and intangible assets and properties, including cash, securities,
accounts and contract rights.

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     (b) In the computation of periods of time from a specified date to a later specified
date, the word “from” means “from and including;” the words “to” and
“until” each mean “to but excluding;” and the word “through” means
“to and including.”

     (c) Section headings herein and in the other Loan Documents are included for
convenience of reference only and shall not affect the interpretation of this Agreement or
any other Loan Document.

          Section 1.03 Accounting Terms; GAAP. Except as otherwise expressly provided herein,
all terms of an accounting or financial nature shall be construed in accordance with GAAP, as in
effect from time to time; provided that, if the Borrower notifies the Administrative Agent
that the Borrower requests an amendment to any provision hereof to eliminate the effect of any
change occurring after the date hereof in GAAP or in the application thereof on the operation of
such provision (or if the Administrative Agent notifies the Borrower that the Required Lenders
request an amendment to any provision hereof for such purpose), regardless of whether any such
notice is given before or after such change in GAAP or in the application thereof, then such
provision shall be interpreted on the basis of GAAP as in effect and applied immediately before
such change shall have become effective until such notice shall have been withdrawn or such
provision amended in accordance herewith.

          Section 1.04 Times of Day. Unless otherwise specified, all references herein to times
of day shall be references to Eastern time (daylight or standard, as applicable).

ARTICLE II

THE COMMITMENTS AND CREDITS

          Section 2.01 Committed Loans. Subject to the terms and conditions set forth herein,
each Lender severally agrees to make loans (each such loan, a “Committed Loan”) to the
Borrower from time to time, on any Business Day during the Availability Period, in an aggregate
amount not to exceed at any time outstanding the amount of such Lender’s Commitment;
provided, however, that after giving effect to any Committed Borrowing, (i) the
Total Outstandings shall not exceed the Aggregate Commitments and (ii) the outstanding principal
amount of the Committed Loans of any Lender, plus such Lender’s Applicable Percentage of the
outstanding principal amount of all Swingline Loans shall not exceed such Lender’s Commitment.
Within the limits of each Lender’s Commitment, and subject to the other terms and conditions
hereof, the Borrower may borrow under this Section 2.01, prepay under Section 2.06,
and reborrow under this Section 2.01. Committed Loans may be Base Rate Loans or Eurodollar
Rate Loans, as further provided herein.

          Section 2.02 Borrowings, Conversions and Continuations of Committed Loans.

          (a) Each Committed Borrowing, each conversion of Committed Loans from one Type to the
other, and each continuation of Eurodollar Rate Loans shall be made upon the Borrower’s
irrevocable notice to the Administrative Agent, which may be given in writing or by telephone.
Each such notice must be received by the Administrative Agent not later than (i) 3:00 p.m. three
Business Days prior to the requested date of any Borrowing of,

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conversion to or continuation of Eurodollar Rate Loans or of any conversion of Eurodollar
Rate Loans to Base Rate Committed Loans, and (ii) 1:00 p.m. on the requested date of any
Borrowing of Base Rate Committed Loans. Each telephonic notice by the Borrower pursuant to this
Section 2.02(a) must be confirmed promptly by delivery to the Administrative Agent of a
written Committed Loan Notice, appropriately completed and signed by the Borrower. Each
Borrowing of, conversion to or continuation of Eurodollar Rate Loans shall be in a principal
amount of $25,000,000 or a whole multiple of $1,000,000 in excess thereof. Except as provided
in Section 2.03(c), each Borrowing of or conversion to Base Rate Committed Loans shall
be in a principal amount of $25,000,000 or a whole multiple of $1,000,000 in excess thereof.
Each Committed Loan Notice (whether telephonic or written) shall specify (i) whether the
Borrower is requesting a Committed Borrowing, a conversion of Committed Loans from one Type to
the other, or a continuation of Eurodollar Rate Loans, (ii) the requested date of the Borrowing,
conversion or continuation, as the case may be (which shall be a Business Day), (iii) the
principal amount of Committed Loans to be borrowed, converted or continued, (iv) the Type of
Committed Loans to be borrowed or to which existing Committed Loans are to be converted, and
(v) if applicable, the duration of the Interest Period with respect thereto. If the Borrower
fails to specify a Type of Committed Loan in a Committed Loan Notice or if the Borrower fails to
give a timely notice requesting a conversion or continuation, then the applicable Committed
Loans shall be made as, or converted to, Base Rate Loans. Any such automatic conversion to Base
Rate Loans shall be effective as of the last day of the Interest Period then in effect with
respect to the applicable Eurodollar Rate Loans. If the Borrower requests a Borrowing of,
conversion to, or continuation of Eurodollar Rate Loans in any Committed Loan Notice, but fails
to specify an Interest Period, it will be deemed to have specified an Interest Period of one
month.

          (b) Following receipt of a Committed Loan Notice, the Administrative Agent shall promptly
notify each Lender of the amount of its Applicable Percentage of the applicable Committed Loans,
and if no timely notice of a conversion or continuation is provided by the Borrower, the
Administrative Agent shall notify each Lender of the details of any automatic conversion to Base
Rate Loans described in the preceding subsection. In the case of a Committed Borrowing, each
Lender shall make the amount of its Committed Loan available to the Administrative Agent in
immediately available funds at the Administrative Agent’s Office not later than 3:00 p.m. on the
Business Day specified in the applicable Committed Loan Notice. Upon satisfaction of the
applicable conditions set forth in Section 4.02, the Administrative Agent shall make all
funds so received available to the Borrower not later than 5:00 p.m. on the Business Day
specified in such Committed Loan Notice in like funds as received by the Administrative Agent by
wire transfer of such funds in accordance with instructions provided to (and reasonably
acceptable to) the Administrative Agent by the Borrower.

          (c) Except as otherwise provided herein, a Eurodollar Rate Loan may be continued or
converted only on the last day of an Interest Period for such Eurodollar Rate Loan. During the
existence of a Default, no Loans may be requested as, converted to or continued as Eurodollar
Rate Loans without the consent of the Required Lenders.

          (d) The Administrative Agent shall promptly notify the Borrower and the Lenders of the
interest rate applicable to any Interest Period for Eurodollar Rate Loans upon

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determination of such interest rate. At any time that Base Rate Loans are outstanding, the
Administrative Agent shall notify the Borrower and the Lenders of any change in Bank of
America’s prime rate used in determining the Base Rate promptly following the public
announcement of such change.

          (e) After giving effect to all Committed Borrowings, all conversions of Committed Loans
from one Type to the other, and all continuations of Committed Loans as the same Type, there
shall not be more than twelve Interest Periods in effect with respect to Committed Loans.

          Section 2.03 Swingline Loans.

          (a) The Swingline. Subject to the terms and conditions set forth herein, the
Swingline Lender, in reliance upon the agreements of the other Lenders set forth in this
Section 2.03, shall make loans (each such loan, a “Swingline Loan”) to the
Borrower from time to time on any Business Day during the Availability Period in an aggregate
principal amount not to exceed at any time outstanding the amount of the Swingline Sublimit,
notwithstanding the fact that such Swingline Loans, when aggregated with the Applicable
Percentage of the outstanding principal amount of Committed Loans of the Lender acting as
Swingline Lender, may exceed the amount of such Lender’s Commitment; provided,
however, that after giving effect to any Swingline Loan, (i) the Total Outstandings
shall not exceed the Aggregate Commitments and (ii) the outstanding principal amount of the
Committed Loans of any Lender, plus such Lender’s Applicable Percentage of the
outstanding principal amount of all Swingline Loans shall not exceed such Lender’s Commitment,
and provided, further, that the Borrower shall not use the proceeds of any
Swingline Loan to refinance any outstanding Swingline Loan. Within the foregoing limits, and
subject to the other terms and conditions hereof, the Borrower may borrow under this
Section 2.03, prepay under Section 2.06, and reborrow under this
Section 2.03. Subject to the next sentence, each Swingline Loan shall be a Base Rate
Loan. Each Swingline Loan may bear interest at a rate to be agreed upon by the Swingline Lender
and the Borrower, which rate shall in no case be greater than the Base Rate plus the Applicable
Rate; provided that, if the Swingline Lender shall require other Lenders to fund their
participations in such Swingline Loan pursuant to this Section 2.03, then such Swingline
Loan shall bear interest at the Base Rate plus the Applicable Rate. Immediately upon the making
of a Swingline Loan, each Lender (other than a Lender that is a Defaulting Lender on the date
such Swingline Loan is made) shall be deemed to, and hereby irrevocably and unconditionally
agrees to, purchase from the Swingline Lender a risk participation in such Swingline Loan in an
amount equal to the product of such Lender’s Applicable Percentage times the amount of
such Swingline Loan.

          (b) Borrowing Procedures. Each Swingline Borrowing shall be made upon the
Borrower’s irrevocable notice to the Swingline Lender and the Administrative Agent, which may be
given in writing or by telephone. Each such notice must be received by the Swingline Lender and
the Administrative Agent not later than 3:00 p.m. on the requested borrowing date, and shall
specify (i) the amount to be borrowed, which shall be a minimum of $15,000,000, and (ii) the
requested borrowing date, which shall be a Business Day. Each such telephonic notice must be
confirmed promptly by delivery to the Swingline Lender and

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the Administrative Agent of a written Swingline Loan Notice, appropriately completed and
signed by the Borrower. Promptly after receipt by the Swingline Lender of any telephonic
Swingline Loan Notice, the Swingline Lender will confirm with the Administrative Agent (by
telephone or in writing) that the Administrative Agent has also received such Swingline Loan
Notice and, if not, the Swingline Lender will notify the Administrative Agent (by telephone or
in writing) of the contents thereof. Unless the Swingline Lender has received notice (by
telephone or in writing) from the Administrative Agent (including at the request of any Lender)
prior to the time of funding of the proposed Swingline Borrowing (A) directing the Swingline
Lender not to make such Swingline Loan as a result of the limitations set forth in the first
proviso to the first sentence of Section 2.03(a), or (B) that one or more of the
applicable conditions specified in Article IV is not then satisfied, then, subject to
the terms and conditions hereof, the Swingline Lender will, not later than 5:00 p.m. on the
borrowing date specified in such Swingline Loan Notice, make the amount of its Swingline Loan
available to the Borrower; provided that if any Lender is a Defaulting Lender on the date the
Swingline Loan is made, the Swingline Lender shall not advance that portion of the requested
Swingline Loan that is equal to the Applicable Percentage of such Defaulting Lender (except to
the extent such Defaulting Lender has provided Cash Collateral therefor pursuant to Section
2.16).

          (c) Refinancing of Swingline Loans.

          (i) The Swingline Lender at any time in its sole discretion may request, on behalf of
the Borrower (which hereby irrevocably authorizes the Swingline Lender to so request on its
behalf), that each Lender make a Base Rate Committed Loan in an amount equal to such
Lender’s Applicable Percentage of the amount of Swingline Loans then outstanding. Such
request shall be made in writing (which written request shall be deemed to be a Committed
Loan Notice for purposes hereof) and in accordance with the requirements of
Section 2.02, without regard to the minimum and multiples specified therein for the
principal amount of Base Rate Loans, but subject to the unutilized portion of the Aggregate
Commitments and the conditions set forth in Section 4.02. The Swingline Lender
shall furnish the Borrower with a copy of the applicable Committed Loan Notice promptly
after delivering such notice to the Administrative Agent. Each Lender shall make an amount
equal to its Applicable Percentage of the amount specified in such Committed Loan Notice
available to the Administrative Agent in immediately available funds (and the Administrative
Agent may apply Cash Collateral available with respect to the applicable Swingline Loan) for
the account of the Swingline Lender at the Administrative Agent’s Office not later than
1:00 p.m. on the day specified in such Committed Loan Notice, whereupon, subject to
Section 2.03(c)(ii), each Lender that so makes funds available shall be deemed to
have made a Base Rate Committed Loan to the Borrower in such amount. The Administrative
Agent shall remit the funds so received to the Swingline Lender.

          (ii) If for any reason any Swingline Loan cannot be refinanced by a Committed Borrowing
in accordance with Section 2.03(c)(i), the request for Base Rate Committed Loans
submitted by the Swingline Lender as set forth herein shall be deemed to be a request by the
Swingline Lender that each of the Lenders fund its risk participation in the relevant
Swingline Loan and each Lender’s payment to the

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Administrative Agent for the account of the Swingline Lender pursuant to
Section 2.03(c)(i) shall be deemed payment in respect of such participation.

          (iii) If any Lender fails to make available to the Administrative Agent for the account
of the Swingline Lender any amount required to be paid by such Lender pursuant to the
foregoing provisions of this Section 2.03(c) by the time specified in
Section 2.03(c)(i), the Swingline Lender shall be entitled to recover from such
Lender (acting through the Administrative Agent), on demand, such amount with interest
thereon for the period from the date such payment is required to the date on which such
payment is immediately available to the Swingline Lender at a rate per annum equal to the
Federal Funds Rate, plus any administrative, processing or similar fees customarily charged
by the Swingline Lender in connection with the foregoing. If such Lender pays such amount
(with interest and fees as aforesaid), the amount so paid shall constitute such Lender’s
Committed Loan included in the relevant Committed Borrowing or funded participation in the
relevant Swingline Loan, as the case may be. A certificate of the Swingline Lender
submitted to any Lender (through the Administrative Agent) with respect to any amounts owing
under this clause (iii) shall be conclusive absent manifest error.

          (iv) Each Lender’s obligation to make Committed Loans or to purchase and fund risk
participations in Swingline Loans pursuant to this Section 2.03(c) shall be absolute
and unconditional and shall not be affected by any circumstance, including (A) any setoff,
counterclaim, recoupment, defense or other right which such Lender may have against the
Swingline Lender, the Borrower or any other Person for any reason whatsoever, (B) the
occurrence or continuance of a Default, or (C) any other occurrence, event or condition,
whether or not similar to any of the foregoing; provided, however, that each
Lender’s obligation to make Committed Loans pursuant to this Section 2.03(c) is
subject to the conditions set forth in Section 4.02. No such funding of risk
participations shall relieve or otherwise impair the obligation of the Borrower to repay
Swingline Loans, together with interest as provided herein.

          (d) Repayment of Participations.

          (i) At any time after any Lender has purchased and funded a risk participation in a
Swingline Loan, if the Swingline Lender receives any payment on account of such Swingline
Loan, the Swingline Lender will distribute to such Lender its Applicable Percentage thereof
in the same funds as those received by the Swingline Lender.

          (ii) If any payment received by the Swingline Lender in respect of principal or
interest on any Swingline Loan is required to be returned by the Swingline Lender under any
of the circumstances described in Section 10.05 (including pursuant to any
settlement entered into by the Swingline Lender in its discretion), each Lender shall pay to
the Swingline Lender its Applicable Percentage thereof on demand of the Administrative
Agent, plus interest thereon from the date of such demand to the date such amount is
returned, at a rate per annum equal to the Federal Funds Rate. The Administrative Agent
will make such demand upon the request of the Swingline Lender.

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The obligations of the Lenders under this clause shall survive the payment in full of
the Obligations and the termination of this Agreement.

          (e) Interest for Account of Swingline Lender. The Swingline Lender shall be
responsible for invoicing the Borrower for interest on the Swingline Loans. Until each Lender
funds its Base Rate Committed Loan or risk participation pursuant to this Section 2.03
to refinance such Lender’s Applicable Percentage of any Swingline Loan, interest in respect of
such Applicable Percentage shall be solely for the account of the Swingline Lender.

          (f) Payments Directly to Swingline Lender. The Borrower shall make all payments of
principal and interest in respect of the Swingline Loans directly to the Swingline Lender.

          Section 2.04 Termination and Reduction of Commitments.

          (a) Unless previously terminated, the Commitments shall terminate on the Maturity Date.

          (b) The Borrower may at any time terminate, or from time to time reduce, the Commitments;
provided that (i) each reduction of the Commitments shall be in an amount that is an
integral multiple of $1,000,000 and not less than $25,000,000 and (ii) the Borrower shall not
terminate or reduce the Commitments if, after giving effect to any concurrent prepayment of the
Loans in accordance with Section 2.06, the Total Outstandings would exceed the Aggregate
Commitments.

          (c) The Borrower shall notify the Administrative Agent of any election to terminate or
reduce the Commitments under Section 2.04(b) at least three Business Days prior to the
effective date of such termination or reduction, specifying such election and the effective date
thereof. Promptly following receipt of any such notice, the Administrative Agent shall advise
the applicable Lenders of the contents thereof. Each notice delivered by the Borrower pursuant
to this Section shall be irrevocable; provided that a notice of termination of the
Commitments delivered by the Borrower may state that such notice is conditioned upon the
effectiveness of other credit facilities, in which case such notice may be revoked by the
Borrower (by notice to the Administrative Agent on or prior to the specified effective date) if
such condition is not satisfied. Any termination or reduction of the Commitments shall be
permanent. Each reduction of the Commitments shall be made ratably among the applicable Lenders
in accordance with their respective Commitments.

          Section 2.05 Repayment of Loans; Evidence of Debt. (a) The Borrower hereby
unconditionally promises to pay (i) to the Administrative Agent for the account of each Lender the
then unpaid principal amount of each Committed Loan on the Maturity Date and (ii) to the Swingline
Lender or to the Administrative Agent the then unpaid principal amount of each Swingline Loan on
the earlier of the first Business Day prior to the Maturity Date and the fifth Business Day after
such Swingline Loan is made; provided that on each date that a Committed Loan is made, the
Borrower shall repay all Swingline Loans then outstanding.

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          (b) Each Lender shall maintain in accordance with its usual practice an account or accounts
evidencing the indebtedness of the Borrower to such Lender resulting from each Loan made by such
Lender, including the amounts of principal and interest payable and paid to such Lender from
time to time hereunder.

          (c) The Administrative Agent shall maintain accounts in which it shall record (i) the
amount of each Loan made hereunder, the Type thereof and, if applicable, each Interest Period
applicable therefor, (ii) the amount of any principal or interest due and payable or to become
due and payable from the Borrower to each Lender hereunder and (iii) the amount of any sum
received by the Administrative Agent hereunder for the account of the Lenders and each Lender’s
share thereof.

          (d) The entries made in the accounts maintained pursuant to Section 2.05(b)
or (c) shall be prima facie evidence of the existence and amounts of the obligations
recorded therein; provided that the failure of any Lender or the Administrative Agent to
maintain such accounts or any error therein shall not in any manner affect the obligation of the
Borrower to repay the Loans in accordance with the terms of this Agreement.

          (e) Any Lender may request that Loans made by it be evidenced by a promissory note. In
such event, the Borrower shall prepare, execute and deliver to such Lender a promissory note
payable to the order of such Lender (or, if requested by such Lender, to such Lender and its
registered assigns) and in a form approved by the Administrative Agent. Thereafter, the Loans
evidenced by such promissory note and interest thereon shall at all times (including after
assignment pursuant to Section 10.06) be represented by one or more promissory notes in
such form payable to the order of the payee named therein (or, if such promissory note is a
registered note, to such payee and its registered assigns). In addition, upon receipt of an
affidavit of an officer of such Lender as to the loss, theft, destruction or mutilation of the
promissory note, and, in the case of any such loss, theft, destruction or mutilation, upon
cancellation of such promissory note, the Borrower will issue, in lieu thereof, a replacement
promissory note in the same principal amount thereof and otherwise of like tenor.

          Section 2.06 Prepayment of Loans. (a) The Borrower shall have the right at any time
and from time to time to prepay any Borrowing in whole or in part without premium or penalty except
as provided in Section 2.11, subject to prior notice in accordance with Section
2.06(b).

          (b) The Borrower shall notify the Administrative Agent (and, in the case of prepayment of a
Swingline Loan, the Swingline Lender) in writing or by telephone (confirmed by electronic
transmission) of any prepayment hereunder (i) in the case of prepayment of Eurodollar Rate
Loans, not later than 11:00 a.m., three Business Days before the date of prepayment, (ii) in the
case of prepayment of Base Rate Loans (other than Swingline Loans), not later than 11:00 a.m.,
on the date of prepayment or (iii) in the case of prepayment of a Swingline Loan, not later than
12:00 noon, on the date of prepayment. Each such notice shall be irrevocable and shall specify
the prepayment date and the principal amount of each Borrowing or portion thereof to be prepaid;
provided that, if a notice of prepayment is given in connection with a conditional
notice of termination of the

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Commitments as contemplated by Section 2.04, then such notice of prepayment may be
revoked if such notice of termination is revoked in accordance with Section 2.04.
Promptly following receipt of any such notice relating to a Committed Borrowing, the
Administrative Agent shall advise the Lenders of the contents thereof. Each partial prepayment
of any Committed Borrowing shall be in an amount that would be permitted in the case of an
advance of a Committed Borrowing of the same Type as provided in Section 2.02. Each
prepayment of a Committed Borrowing shall be applied ratably to the Loans included in the
prepaid Borrowing. Prepayments shall be accompanied by accrued interest to the extent required
by Section 2.08.

          (c) If for any reason the Total Outstandings at any time exceed the Aggregate Commitments
then in effect, the Borrower shall promptly (and in any event within one Business Day) prepay
Loans in an aggregate amount equal to such excess.

          Section 2.07 Fees. (a) The Borrower agrees to pay to the Administrative Agent for
the account of each Lender a facility fee, which shall accrue at the Applicable Rate on the daily
amount of the Commitment of such Lender (whether used or unused) during the period from the Closing
Date to the date on which such Commitment terminates; provided that, if such Lender
continues to have any Loans or risk participations in Swingline Loans outstanding after its
Commitment terminates, then such facility fee shall continue to accrue on the daily amount of such
Lender’s Committed Loans and risk participations in Swingline Loans outstanding from the date on
which its Commitment terminates to the date on which such Lender ceases to have any Committed Loans
or risk participations in Swingline Loans outstanding. Accrued facility fees shall be payable in
arrears on the last day of March, June, September and December of each year, on the date of any
voluntary termination of the Commitments and on the date on which all Loans become due and payable
(by acceleration or otherwise); provided that any facility fees accruing after the date on
which all Loans become due and payable shall be payable on demand. All facility fees shall be
computed on the basis of a year of 360 days and shall be payable for the actual number of days
elapsed (including the first day but excluding the last day).

          (b) The Borrower agrees to pay to the Administrative Agent, for its own account, fees
payable in the amounts and at the times separately agreed upon between the Borrower and the
Administrative Agent.

          (c) All fees payable hereunder shall be paid on the dates due, in immediately available
funds, to the Administrative Agent for distribution, in the case of facility fees, to the
Lenders. Fees paid shall not be refundable under any circumstances.

          Section 2.08 Interest. (a) Each Borrowing of Base Rate Loans shall bear interest at
a rate per annum equal to the Base Rate plus the Applicable Rate.

          (b) Each Borrowing of Eurodollar Rate Loans shall bear interest at a rate per annum equal
to the Eurodollar Rate for the Interest Period in effect for such Borrowing plus the Applicable
Rate.

          (c) Notwithstanding the foregoing, if any principal of or interest on any Loan or any fee
or other amount payable by the Borrower hereunder is not paid when due,

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whether at stated maturity, upon acceleration or otherwise, such overdue amount shall bear
interest, after as well as before judgment, at a rate per annum equal to (i) in the case of
overdue principal of any Loan, 2% plus the rate otherwise applicable to such Loan as provided
above or (ii) in the case of any other amount, 2% plus the rate applicable to Base Rate Loans as
provided above.

          (d) Accrued interest on each Loan shall be payable in arrears on each Interest Payment Date
for such Loan; provided that (i) interest accrued pursuant to Section 2.08(c)
shall be payable on demand, (ii) in the event of any repayment or prepayment of any Loan (other
than a prepayment of an Base Rate Committed Loan prior to the end of the Availability Period),
accrued interest on the principal amount repaid or prepaid shall be payable on the date of such
repayment or prepayment, (iii) in the event of any conversion of any Eurodollar Rate Loan prior
to the end of the current Interest Period therefor, accrued interest on such Loan shall be
payable on the effective date of such conversion and (iv) all accrued interest shall be payable
upon termination of the Commitments.

          (e) All interest hereunder shall be computed on the basis of a year of 360 days, except
that interest computed by reference to the Base Rate shall be computed on the basis of a year of
365 days (or 366 days in a leap year), and in each case shall be payable for the actual number
of days elapsed (including the first day but excluding the last day). The applicable Base Rate
or Eurodollar Rate shall be determined by the Administrative Agent, and such determination shall
be conclusive absent manifest error. The Administrative Agent shall as soon as practicable
notify the Borrower and the Lenders of the effective date and the amount of each change in
interest rate.

          Section 2.09 Alternate Rate of Interest. If prior to the commencement of any Interest
Period for a Borrowing of Eurodollar Loans:

     (a) the Administrative Agent determines (which determination shall be conclusive absent
manifest error) that adequate and reasonable means do not exist for ascertaining the
Eurodollar Rate for such Interest Period; or

     (b) the Administrative Agent is advised by the Required Lenders that the Eurodollar
Rate for such Interest Period will not adequately and fairly reflect the cost to such
Lenders of making or maintaining their Loans included in such Borrowing for such Interest
Period;

then the Administrative Agent shall give notice thereof to the Borrower and the Lenders by
telephone or electronic transmission as promptly as practicable thereafter and, until the
Administrative Agent notifies the Borrower and the Lenders that the circumstances giving rise to
such notice no longer exist, (i) any Interest Election Request that requests the conversion of any
Committed Borrowing to, or continuation of any Committed Borrowing as, a Borrowing of Eurodollar
Rate Loans shall be ineffective, and (ii) if any Committed Loan Notice requests a Borrowing of
Eurodollar Rate Loans, such Borrowing shall be made as a Borrowing of Base Rate Loans.

          Section 2.10 Increased Costs. (a) If any Change in Law shall:

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          (i) impose, modify or deem applicable any reserve, special deposit or similar
requirement against assets of, deposits with or for the account of, or credit extended by,
any Lender; or

          (ii) impose on any Lender or the London interbank market any other condition affecting
this Agreement or Eurodollar Rate Loans made by such Lender;

and the result of any of the foregoing shall be to increase the cost to such Lender of making or
maintaining any Eurodollar Rate Loan (or of maintaining its obligation to make any such Loan) or to
increase the cost to such Lender or to reduce the amount of any sum received or receivable by such
Lender hereunder (whether of principal, interest or otherwise), then the Borrower will pay to such
Lender such additional amount or amounts as will compensate such Lender for such additional costs
incurred or reduction suffered.

          (b) If any Lender determines that any Change in Law regarding capital requirements has or
would have the effect of reducing the rate of return on such Lender’s capital or on the capital
of such Lender’s holding company, if any, as a consequence of this Agreement or the Loans made
by such Lender to a level below that which such Lender or such Lender’s holding company could
have achieved but for such Change in Law (taking into consideration such Lender’s policies and
the policies of such Lender’s holding company with respect to capital adequacy), then from time
to time the Borrower will pay to such Lender such additional amount or amounts as will
compensate such Lender or such Lender’s holding company for any such reduction suffered.

          (c) A certificate of a Lender setting forth the amount or amounts necessary to compensate
such Lender or its holding company, as the case may be, as specified in Section 2.10(a)
or (b) (together with a statement of the reason for such compensation and a calculation
thereof in reasonable detail) shall be delivered to the Borrower and shall be conclusive absent
manifest error. The Borrower shall pay such Lender the amount shown as due on any such
certificate within 10 days after receipt thereof.

          (d) Failure or delay on the part of any Lender to demand compensation pursuant to this
Section shall not constitute a waiver of such Lender’s right to demand such compensation;
provided that the Borrower shall not be required to compensate a Lender pursuant to this
Section for any increased costs or reductions incurred more than six months prior to the date
that such Lender notifies the Borrower of the Change in Law giving rise to such increased costs
or reductions and of such Lender’s intention to claim compensation therefor; provided,
further, that, if the Change in Law giving rise to such increased costs or reductions is
retroactive, then the six-month period referred to above shall be extended to include the period
of retroactive effect thereof.

          Section 2.11 Break Funding Payments. In the event of (a) the payment of any principal
of any Eurodollar Rate Loan other than on the last day of an Interest Period applicable thereto
(including as a result of an Event of Default), (b) the conversion of any Eurodollar Rate Loan
other than on the last day of the Interest Period applicable thereto, (c) the failure to borrow,
convert, continue or prepay any Committed Loan on the date specified in any notice delivered
pursuant hereto (regardless of whether such notice is permitted to be revocable under

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Section 2.06(b) and is revoked in accordance herewith), (d) the assignment of any Eurodollar
Rate Loan other than on the last day of the Interest Period applicable thereto as a result of a
request by the Borrower pursuant to Section 2.14, then, in any such event, the Borrower
shall compensate each Lender for the loss, cost and expense attributable to such event. In the
case of a Eurodollar Rate Loan, the loss to any Lender attributable to any such event shall be
deemed to include an amount determined by such Lender to be equal to the excess, if any, of (i) the
amount of interest that such Lender would pay for a deposit equal to the principal amount of such
Loan for the period from the date of such payment, conversion, failure or assignment to the last
day of the then current Interest Period for such Loan (or, in the case of a failure to borrow,
convert or continue, the duration of the Interest Period that would have resulted from such
borrowing, conversion or continuation) if the interest rate payable on such deposit were equal to
the Eurodollar Rate for such Interest Period, over (ii) the amount of interest that such Lender
would earn on such principal amount for such period if such Lender were to invest such principal
amount for such period at the interest rate that would be bid by such Lender (or an affiliate of
such Lender) for Dollar deposits from other banks in the eurodollar market at the commencement of
such period. A certificate of any Lender setting forth any amount or amounts that such Lender is
entitled to receive pursuant to this Section shall be delivered to the Borrower and shall be
conclusive absent manifest error. The Borrower shall pay such Lender the amount shown as due on
any such certificate within 10 days after receipt thereof.

          Section 2.12 Taxes. (a) Any and all payments by or on account of any obligation of
the Borrower or the Guarantor hereunder shall be made free and clear of and without deduction for
any Indemnified Taxes or Other Taxes; provided that if the Borrower or the Guarantor shall
be required to deduct any Indemnified Taxes or Other Taxes from such payments, then (i) the sum
payable shall be increased as necessary so that after making all required deductions (including
deductions applicable to additional sums payable under this Section) the Administrative Agent or
Lender (as the case may be) receives an amount equal to the sum it would have received had no such
deductions been made (provided, however, that neither the Borrower nor the
Guarantor shall be required to increase any such amounts payable to the Administrative Agent or
Lender (as the case may be) with respect to any Indemnified Taxes or Other Taxes that are
attributable to such Lender’s failure to comply with the requirements of Section 2.12(e)),
(ii) the Borrower or the Guarantor shall make such deductions and (iii) the Borrower or the
Guarantor shall pay the full amount deducted to the relevant Governmental Authority in accordance
with applicable law.

          (b) In addition, the Borrower shall pay any Other Taxes to the relevant Governmental
Authority in accordance with applicable law.

          (c) The Borrower shall indemnify the Administrative Agent and each Lender, within 10 days
after written demand therefor, for the full amount of any Indemnified Taxes or Other Taxes
(including Indemnified Taxes or Other Taxes imposed or asserted on or attributable to amounts
payable under this Section) paid by the Administrative Agent or such Lender, as the case may be,
and any penalties, interest and reasonable expenses arising therefrom or with respect thereto,
whether or not such Indemnified Taxes or Other Taxes were correctly or legally imposed or
asserted by the relevant Governmental Authority. A certificate as to the amount of such payment
or liability delivered to the Borrower by a

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Lender, or by the Administrative Agent on its own behalf or on behalf of a Lender, shall be
conclusive absent manifest error.

          (d) As soon as practicable after any payment of Indemnified Taxes or Other Taxes by the
Borrower to a Governmental Authority, the Borrower shall deliver to the Administrative Agent the
original or a certified copy of a receipt issued by such Governmental Authority evidencing such
payment, a copy of the return reporting such payment or other evidence of such payment
reasonably satisfactory to the Administrative Agent.

          (e) Any Foreign Lender that is entitled to an exemption from or reduction of withholding
tax under the law of the jurisdiction in which the Borrower is located, or any treaty to which
such jurisdiction is a party, with respect to payments under this Agreement shall deliver to the
Borrower (with a copy to the Administrative Agent), at the time or times prescribed by
applicable law or reasonably requested by the Borrower, such properly completed and executed
documentation prescribed by applicable law as will permit such payments to be made without
withholding or at a reduced rate.

          Section 2.13 Payments Generally; Pro Rata Treatment; Sharing of Set-offs; Administrative
Agent’s Clawback. (a) The Borrower shall make each payment required to be made by it
hereunder (whether of principal, interest or fees, or under Section 2.10, 2.11 or
2.12, or otherwise) prior to 12:00 noon on the date when due, in immediately available
funds, without set-off or counterclaim. Any amounts received after such time on any date may, in
the discretion of the Administrative Agent, be deemed to have been received on the next succeeding
Business Day for purposes of calculating interest thereon. All such payments shall be made to the
Administrative Agent’s Office, except payments to be made directly to the Swingline Lender as
expressly provided herein and except that payments pursuant to Sections 2.10, 2.11,
2.12 and 10.04 shall be made directly to the Persons entitled thereto. The
Administrative Agent shall distribute any such payments received by it for the account of any other
Person to the appropriate recipient promptly following receipt thereof. If any payment hereunder
shall be due on a day that is not a Business Day, the date for payment shall be extended to the
next succeeding Business Day, and, in the case of any payment accruing interest, interest thereon
shall be payable for the period of such extension. All payments hereunder shall be made in
Dollars.

          (b) If at any time insufficient funds are received by and available to the Administrative
Agent to pay fully all amounts of principal, interest, fees and any other amounts then due
hereunder, such funds shall be applied to such obligations as the Borrower shall direct (as among
interest, fees, principal or other amounts, but in each case ratably to the parties entitled
thereto) or, if all Loans have become due and payable (by acceleration or otherwise) or if the
Borrower does not so direct, as follows: (i) first, to pay interest and fees then due hereunder,
ratably among the parties entitled thereto in accordance with the amounts of interest and fees then
due to such parties, (ii) second, to pay principal then due hereunder, ratably among the parties
entitled thereto in accordance with the amounts of principal then due to such parties, and (iii)
third, any other amounts due and owing hereunder, ratably among the parties entitled thereto in
accordance with such amounts then due to such parties.

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          (c) If any Lender shall, by exercising any right of set-off or counterclaim or otherwise,
obtain payment in respect of any principal of or interest on any of its Committed Loans or
participations in Swingline Loans resulting in such Lender receiving payment of a greater
proportion of the aggregate amount of its Committed Loans and participations in Swingline Loans and
accrued interest thereon than the proportion received by any other Lender, then the Lender
receiving such greater proportion shall purchase (for cash at face value) participations in the
Committed Loans and participations in Swingline Loans of other Lenders to the extent necessary so
that the benefit of all such payments shall be shared by the Lenders ratably in accordance with the
aggregate amount of principal of and accrued interest on their respective Committed Loans and
participations in Swingline Loans, provided that (i) if any such participations are
purchased and all or any portion of the payment giving rise thereto is recovered, such
participations shall be rescinded and the purchase price restored to the extent of such recovery,
without interest, and (ii) the provisions of this subsection shall not be construed to apply to (x)
any payment made by the Borrower pursuant to and in accordance with the express terms of this
Agreement (including the application of funds arising from the existence of a Defaulting Lender),
(y) the application of Cash Collateral provided for in Section 2.16, or (z) any payment
obtained by a Lender as consideration for the assignment of or sale of a participation in any of
its Committed Loans to any assignee or participant, other than to the Borrower or any Subsidiary or
Affiliate thereof (as to which the provisions of this subsection shall apply). The Borrower
consents to the foregoing and agrees, to the extent it may effectively do so under applicable law,
that any Lender acquiring a participation pursuant to the foregoing arrangements may exercise
against the Borrower rights of set-off and counterclaim with respect to such participation as fully
as if such Lender were a direct creditor of the Borrower in the amount of such participation.

          (d) If any Lender shall fail to make any payment required to be made by it pursuant to
Section 2.02, 2.03, 2.13(c) or 2.13(e), then the Administrative
Agent may, in its discretion (notwithstanding any contrary provision hereof), apply any amounts
thereafter received by the Administrative Agent for the account of such Lender to satisfy such
Lender’s obligations under such Sections until all such unsatisfied obligations are fully paid.

          (e) (i) Unless the Administrative Agent shall have received notice from a Lender prior to the
proposed date of any Committed Borrowing of Eurodollar Rate Loans (or, in the case of any Committed
Borrowing of Base Rate Loans, prior to 12:00 noon on the date of such Committed Borrowing) that
such Lender will not make available to the Administrative Agent such Lender’s share of such
Committed Borrowing, the Administrative Agent may assume that such Lender has made such share
available in accordance with and at the time required by Section 2.02 and may, in reliance
upon such assumption, make available to the Borrower a corresponding amount. In such event, if a
Lender has not in fact made its share of the applicable Committed Borrowing available to the
Administrative Agent, then the applicable Lender and the Borrower severally agree to pay to the
Administrative Agent promptly (and in any event within one Business Day after demand) such
corresponding amount in immediately available funds with interest thereon, for each day from the
date such amount is made available to the Borrower to the date of payment to the Administrative
Agent, at (A) in the case of a payment to be made by such Lender, the Federal Funds Rate, plus any
administrative, processing or similar fees customarily charged by the Administrative Agent in
connection with the foregoing, and (B) in the case of a payment to be made by the Borrower, the
interest rate

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applicable to Base Rate Loans. If the Borrower and such Lender shall pay such interest to the
Administrative Agent for the same or an overlapping period, the Administrative Agent shall promptly
remit to the Borrower the amount of such interest paid by the Borrower for such period. If such
Lender pays its share of the applicable Committed Borrowing to the Administrative Agent, then the
amount so paid shall constitute such Lender’s Committed Loan included in such Committed Borrowing.
Any payment by the Borrower shall be without prejudice to any claim the Borrower may have against a
Lender that shall have failed to make such payment to the Administrative Agent.

          (ii) Unless the Administrative Agent shall have received notice from the Borrower prior to the
date on which any payment is due to the Administrative Agent for the account of the Lenders
hereunder that the Borrower will not make such payment, the Administrative Agent may assume that
the Borrower has made such payment on such date in accordance herewith and may, in reliance upon
such assumption, distribute to the Lenders the amount due. In such event, if the Borrower has not
in fact made such payment, then each of the Lenders severally agrees to repay to the Administrative
Agent forthwith on demand the amount so distributed to such Lender, in immediately available funds
with interest thereon, for each day from the date such amount is distributed to it to the date of
payment to the Administrative Agent, at the greater of the Federal Funds Rate and a rate determined
by the Administrative Agent in accordance with banking industry rules on interbank compensation.

          (iii) A notice of the Administrative Agent to any Lender or the Borrower with respect to any
amount owing under this subsection (e) shall be conclusive, absent manifest error.

          (f) If any Lender makes available to the Administrative Agent funds for any Loan to be made by
such Lender as provided in the foregoing provisions of this Article II, and such funds are
not made available to the Borrower by the Administrative Agent because the conditions to the
applicable Loan set forth in Article IV are not satisfied or waived in accordance with the
terms hereof, the Administrative Agent shall return such funds (in like funds as received from such
Lender) to such Lender, without interest.

          (g) The obligations of the Lenders hereunder to make Committed Loans, to fund participations
in Swingline Loans and to make payments pursuant to Section 10.04(c) are several and not
joint. The failure of any Lender to make any Committed Loan, to fund any such participation or to
make any payment under Section 10.04(c) on any date required hereunder shall not relieve
any other Lender of its corresponding obligation to do so on such date, and no Lender shall be
responsible for the failure of any other Lender to so make its Committed Loan, to purchase its
participation or to make its payment under Section 10.04(c).

          (h) Nothing herein shall be deemed to obligate any Lender to obtain the funds for any Loan in
any particular place or manner or to constitute a representation by any Lender that it has obtained
or will obtain the funds for any Loan in any particular place or manner.

          Section 2.14 Mitigation Obligations; Replacement of Lenders. (a) If any Lender
requests compensation under Section 2.10, the Borrower is required to pay any additional
amount to any Lender or any Governmental Authority for the account of any Lender pursuant to
Section 2.12 or any Lender becomes subject to any circumstance described in Section
2.15, then

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such Lender shall use reasonable efforts to designate a different Lending Office for funding
or booking its Loans hereunder or to assign its rights and obligations hereunder to another of its
offices, branches or affiliates, if, in the judgment of such Lender, such designation or assignment
(i) would eliminate or reduce amounts payable pursuant to Section 2.10 or 2.12, as
the case may be, in the future, or avoid the unavailability of Eurodollar Rate Loans pursuant to
Section 2.15, and (ii) would not subject such Lender to any unreimbursed cost or expense
and would not otherwise be disadvantageous to such Lender. The Borrower hereby agrees to pay all
reasonable costs and expenses incurred by any Lender in connection with any such designation or
assignment.

          (b) If any Lender requests compensation under Section 2.10, the Borrower is
required to pay any additional amount to any Lender or any Governmental Authority for the
account of any Lender pursuant to Section 2.12, a Lender is subject to any circumstance
described in Section 2.15 or any Lender is a Defaulting Lender, then the Borrower may,
at its sole expense and effort, upon notice to such Lender and the Administrative Agent, require
such Lender to assign and delegate, without recourse (in accordance with and subject to the
restrictions contained in Section 10.06), all its interests, rights and obligations
under this Agreement to an assignee that shall assume such obligations (which assignee may be
another Lender, if a Lender accepts such assignment); provided that (i) the Borrower
shall have received the prior written consent of the Administrative Agent (and, if a Commitment
is being assigned, the Swingline Lender), which consent shall not unreasonably be withheld, (ii)
such Lender shall have received payment of an amount equal to the outstanding principal of its
Loans and participations in Swingline Loans, accrued interest thereon, accrued fees and all
other amounts payable to it hereunder, from the assignee (to the extent of such outstanding
principal and accrued interest and fees) or the Borrower (in the case of all other amounts) and
(iii) in the case of any such assignment resulting from a claim for compensation under
Section 2.10 or payments required to be made pursuant to Section 2.12, such
assignment will result in a reduction in such compensation or payments. A Lender shall not be
required to make any such assignment and delegation if, prior thereto, as a result of a waiver
by such Lender or otherwise, the circumstances entitling the Borrower to require such assignment
and delegation cease to apply. In determining whether to make a claim, and calculating the
amount of compensation, under Sections 2.10 and 2.12, each Lender shall apply
standards that are not inconsistent with those generally applied by such Lender in similar
circumstances.

          Section 2.15 Illegality. If any Lender determines that any Law has made it unlawful,
or that any Governmental Authority has asserted that it is unlawful, for such Lender or its
applicable Lending Office to make, maintain or fund Eurodollar Rate Loans, or to determine or
charge interest rates based upon the Eurodollar Rate, or any Governmental Authority has imposed
material restrictions on the authority of such Lender to purchase or sell, or to take deposits of,
Dollars in the London interbank market, then, on notice thereof by such Lender to the Borrower
through the Administrative Agent, any obligation of such Lender to make or continue Eurodollar Rate
Loans or to convert Base Rate Committed Loans to Eurodollar Rate Loans shall be suspended until
such Lender notifies the Administrative Agent and the Borrower that the circumstances giving rise
to such determination no longer exist. Upon receipt of such notice, the Borrower shall, upon
demand from such Lender (with a copy to the Administrative Agent), convert all Eurodollar Rate
Loans of such Lender to Base Rate Loans, either on the last

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day of the Interest Period therefor or on such earlier date on which such Lender may not
lawfully continue to maintain such Eurodollar Rate Loans. Upon any such conversion, the Borrower
shall also pay accrued interest on the amount so converted. Thereafter, so long as such
circumstances shall continue, all Loans of such Lender that would otherwise be Eurodollar Rate
Loans shall be Base Rate Loans.

          Section 2.16 Cash Collateral.

          (a) Certain Credit Support Events. If a Lender shall become a Defaulting Lender at
any time that a Swingline Loan is outstanding, promptly upon the request of the Administrative
Agent or the Swingline Lender, the Borrower shall prepay Swingline Loans in an amount sufficient
to reduce all Fronting Exposure with respect to the Defaulting Lender to zero (after giving
effect to Section 2.17(a)(ii) and any Cash Collateral provided by the Defaulting
Lender).

          (b) Grant of Security Interest. All Cash Collateral (other than credit support not
constituting funds subject to deposit) shall be maintained in blocked deposit accounts at Bank
of America. Any Lender that has provided such collateral hereby grants to (and subjects to the
control of) the Administrative Agent, for the benefit of the Administrative Agent and the
Lenders (including the Swingline Lender), and agrees to maintain, a first priority security
interest in all such cash, all deposit accounts and all balances therein, and all other property
so provided as collateral pursuant hereto, and in all proceeds of the foregoing, all as security
for the obligations to which such Cash Collateral may be applied pursuant to Section
2.16(c).

          (c) Application. Notwithstanding anything to the contrary contained in this
Agreement, Cash Collateral provided under this Section 2.16 or Section 2.17in
respect of Swingline Loans shall be held and applied to the satisfaction of the specific
Swingline Loans, obligations to fund participations therein (including any interest accrued on
such obligation) and other obligations for which the Cash Collateral was so provided, prior to
any other application of such property as may be provided for herein.

          (d) Release. Subject to Section 2.17, Cash Collateral (or the appropriate portion
thereof) provided to reduce Fronting Exposure or other obligations shall be released promptly
following (i) the elimination of the applicable Fronting Exposure or other obligations giving
rise thereto (including by the termination of Defaulting Lender status of the applicable Lender
(or, as appropriate, its assignee following compliance with Section 10.06(j)) or (ii)
the Administrative Agent’s good faith determination that there exists excess Cash Collateral;
provided, however, that the Person providing Cash Collateral and the Swingline Lender
may agree that Cash Collateral shall not be released but instead held to support future
anticipated Fronting Exposure or other obligations.

          Section 2.17 Defaulting Lenders

          (a) Adjustments. Notwithstanding anything to the contrary contained in this
Agreement, if any Lender becomes a Defaulting Lender, then, until such time as that Lender is no
longer a Defaulting Lender, to the extent permitted by applicable Law:

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     (i) Waivers and Amendments. That Defaulting Lender’s right to approve or
disapprove any amendment, waiver or consent with respect to this Agreement shall be
restricted as set forth in the definition of “Required Lenders”.

     (ii) Reallocation of Payments. Any payment of principal, interest, fees or
other amounts received by the Administrative Agent for the account of that Defaulting Lender
(whether voluntary or mandatory, at maturity, pursuant to Article VIII or otherwise,
and including any amounts made available to the Administrative Agent by that Defaulting
Lender pursuant to Section 10.10), shall be applied at such time or times as may be
determined by the Administrative Agent as follows: first, to the payment of any amounts
owing by that Defaulting Lender to the Administrative Agent hereunder; second, to the
payment of any amounts owing by that Defaulting Lender to the Swingline Lender hereunder;
third, if so determined by the Administrative Agent or requested by the Swingline Lender, to
be held as Cash Collateral for future funding obligations of that Defaulting Lender with
respect to any participation in any Swingline Loan; fourth, as the Borrower may request (so
long as no Default exists), to the funding of any Loan in respect of which that Defaulting
Lender has failed to fund its portion thereof as required by this Agreement, as determined
by the Administrative Agent; fifth, if so determined by the Administrative Agent and the
Borrower, to be held in a non-interest bearing deposit account and released in order to
satisfy obligations of that Defaulting Lender to fund Loans under this Agreement; sixth, to
the payment of any amounts owing to the Lenders or the Swingline Lender as a result of any
judgment of a court of competent jurisdiction obtained by any Lender or the Swingline Lender
against that Defaulting Lender as a result of that Defaulting Lender’s breach of its
obligations under this Agreement; seventh, so long as no Default exists, to the payment of
any amounts owing to the Borrower as a result of any judgment of a court of competent
jurisdiction obtained by the Borrower against that Defaulting Lender as a result of that
Defaulting Lender’s breach of its obligations under this Agreement; and eighth, to that
Defaulting Lender or as otherwise directed by a court of competent jurisdiction;
provided that if (x) such payment is a payment of the principal amount of any Loans
in respect of which that Defaulting Lender has not fully funded its appropriate share and
(y) such Loans were made at a time when the conditions set forth in Section 4.02
were satisfied or waived, such payment shall be applied solely to pay the Loans of all
non-Defaulting Lenders on a pro rata basis prior to being applied to the payment of any
Loans of that Defaulting Lender. Any payments, prepayments or other amounts paid or payable
to a Defaulting Lender that are applied (or held) to pay amounts owed by a Defaulting Lender
or to post Cash Collateral pursuant to this Section 2.17(a)(ii) shall be deemed paid
to and redirected by that Defaulting Lender, and each Lender irrevocably consents hereto.

     (iii) Certain Fees. That Defaulting Lender (x) shall be entitled to receive
any facility fee pursuant to Section 2.10(a) for any period during which that Lender
is a Defaulting Lender only to extent allocable to the outstanding principal amount of the
Committed Loans funded by it (and the Borrower shall (A) be required to pay the Swingline
Lender the amount of such fee allocable to its Fronting Exposure arising from that
Defaulting Lender and (B) not be required to pay the remaining amount of such fee that
otherwise would have been required to have been paid to that Defaulting Lender).

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     (iv) Reallocation of Applicable Percentages to Reduce Fronting Exposure.
During any period in which there is a Defaulting Lender, for purposes of computing the
amount of the obligation of each non-Defaulting Lender to acquire, refinance or fund
participations in Swingline Loans pursuant to Section 2.03, the “Applicable
Percentage” of each non-Defaulting Lender shall be computed without giving effect to the
Commitment of that Defaulting Lender; provided, that, (i) each such reallocation
shall be given effect only if, at the date the applicable Lender becomes a Defaulting
Lender, no Default exists; and (ii) the aggregate obligation of each non-Defaulting Lender
to acquire, refinance or fund participations in Swingline Loans shall not exceed the
positive remainder, if any, of (1) the Commitment of that non-Defaulting Lender
minus (2) the outstanding principal amount of the Committed Loans of that Lender.

     (b) Defaulting Lender Cure. If the Borrower, the Administrative Agent and Swingline
Lender agree in writing in their sole discretion that a Defaulting Lender should no longer be
deemed to be a Defaulting Lender, the Administrative Agent will so notify the parties hereto,
whereupon as of the effective date specified in such notice and subject to any conditions set forth
therein, that Lender will, to the extent applicable, purchase that portion of outstanding Loans of
the other Lenders or take such other actions as the Administrative Agent may determine to be
necessary to cause the Committed Loans and funded and unfunded participations in Swingline Loans to
be held on a pro rata basis by the Lenders in accordance with their respective Commitments (without
giving effect to Section 2.17(a)(iv)), whereupon that Lender will cease to be a Defaulting
Lender; provided that no adjustments will be made retroactively with respect to fees
accrued or payments made by or on behalf of the Borrower while that Lender was a Defaulting Lender;
and provided, further, that except to the extent otherwise expressly agreed by the
affected parties, no change hereunder from Defaulting Lender to Lender will constitute a waiver or
release of any claim of any party hereunder arising from that Lender having been a Defaulting
Lender.

ARTICLE III

REPRESENTATIONS AND WARRANTIES

          Each of the Credit Parties represents and warrants to the Lenders that:

          Section 3.01 Organization; Powers. Each Company is duly organized, validly existing
and in good standing under the laws of the jurisdiction of its organization, has the power and
authority to carry on its business as now conducted and, except where the failure to be so,
individually or in the aggregate, would not reasonably be expected to result in a Material Adverse
Effect, is qualified to do business in, and is in good standing in, every jurisdiction where such
qualification is required.

          Section 3.02 Authorization; Enforceability. The Transactions are within each Credit
Party’s corporate powers and have been duly authorized by all necessary corporate and, if required,
stockholder action. This Agreement has been duly executed and delivered by each Credit Party and
constitutes a legal, valid and binding obligation of each Credit Party, enforceable in accordance
with its terms, subject to applicable bankruptcy, insolvency, reorganization, moratorium or other
laws affecting creditors’ rights generally and subject to general principles of equity, regardless
of whether considered in a proceeding in equity or at law.

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          Section 3.03 Governmental Approvals; No Conflicts. The Transactions (a) do not
require any consent or approval of, registration or filing (other than routine SEC and similar
filings) with, or any other action by, any Governmental Authority, except such as have been
obtained or made and are in full force and effect, (b) will not violate any applicable law or
regulation or the charter, by-laws or other organizational documents of any Company or any order of
any Governmental Authority, (c) will not violate or result in a default under any indenture,
material agreement or other instrument (other than those to be terminated on or prior to the
Closing Date) binding upon any Company or its assets, or give rise to a right thereunder to require
any payment to be made by any Company, and (d) will not result in the creation or imposition of any
Lien on any asset of any Company except for Liens arising under the Loan Documents.

          Section 3.04 Financial Condition; No Material Adverse Change. (a) Each Credit Party
has heretofore furnished to the Lenders consolidated balance sheets and statements of income and
cash flows (and, in the case of the Guarantor, of stockholders’ equity) as of and for the fiscal
year ended April 30, 2009 (A) reported on by Deloitte & Touche LLP, an independent registered
public accounting firm, in respect of the financial statements of the Guarantor, or (B) certified
by its chief financial officer, in respect of the financial statements of the Borrower. Such
financial statements present fairly, in all material respects, the financial position and results
of operations and cash flows of the Borrower and its consolidated Subsidiaries and of the Guarantor
and its consolidated Subsidiaries as of such date and for such period in accordance with GAAP.
Except as set forth on Schedule 3.04(a), neither the Guarantor nor any of its consolidated
Subsidiaries had, as of April 30, 2009, any material Guarantee Obligation, contingent liability or
liability for taxes, or any long-term lease or unusual forward or long-term commitment, including
any interest rate or foreign currency swap or exchange transaction not in the ordinary course of
business, which is not reflected in the foregoing statements or in the notes thereto. During the
period from April 30, 2009 to and including the date hereof, and except as disclosed in filings
made by the Guarantor with the U.S. Securities and Exchange Commission pursuant to the Securities
Act of 1933 or the Securities Exchange Act of 1934, there has been no sale, transfer or other
disposition by the Guarantor or any of its consolidated Subsidiaries of any material part of its
business or property other than in the ordinary course of business and no purchase or other
acquisition of any business or property (including any Capital Stock of any other Person), material
in relation to the consolidated financial condition of the Guarantor and its consolidated
Subsidiaries at April 30, 2009.

          (b) Since April 30, 2009, there has been no material adverse change in the business, assets
or condition (financial or otherwise) of the Guarantor and its Subsidiaries, taken as a whole.

          Section 3.05 Properties. (a) Each Company has good title to, or valid leasehold
interests in, all its real and personal property material to its business, except for minor defects
in title that do not interfere with its ability to conduct its business as currently conducted or
to utilize such properties for their intended purposes.

          (b) Each Company owns, or is licensed to use, all trademarks, tradenames, copyrights,
patents and other intellectual property material to its business, and the use thereof by such
Company does not infringe upon the rights of any other Person, except for any such

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     infringements that, individually or in the aggregate, would not reasonably be expected to
result in a Material Adverse Effect.

          Section 3.06 Litigation and Environmental Matters. (a) There are no actions, suits
or proceedings by or before any arbitrator or Governmental Authority pending against or, to the
knowledge of either Credit Party, threatened against or affecting any Company that (i) have not
been disclosed in the Disclosed Matters and as to which there is a reasonable possibility of an
adverse determination and that, if adversely determined, would reasonably be expected, individually
or in the aggregate, to result in a Material Adverse Effect or (ii) challenge or would reasonably
be expected to affect the legality, validity or enforceability of this Agreement.

          (b) Except for the Disclosed Matters and except with respect to any other matters that,
individually or in the aggregate, would not reasonably be expected to result in a Material
Adverse Effect, no Company (i) has failed to comply with any Environmental Law or to obtain,
maintain or comply with any permit, license or other approval required under any Environmental
Law, (ii) has become subject to any Environmental Liability, (iii) has received notice of any
claim with respect to any Environmental Liability or (iv) knows of any basis for any
Environmental Liability.

          Section 3.07 Compliance with Laws and Agreements. Each Company is in compliance with
all laws, regulations and orders of any Governmental Authority applicable to it or its property and
all indentures, agreements and other instruments binding upon it or its property, except where the
failure to be so, individually or in the aggregate, would not reasonably be expected to result in a
Material Adverse Effect.

          Section 3.08 Investment Company Status. No Company is an “investment company” as
defined in, or subject to regulation under, the Investment Company Act of 1940.

          Section 3.09 Taxes. Each Company has timely filed or caused to be filed all Tax
returns and reports required to have been filed and has paid or caused to be paid all Taxes
required to have been paid by it, except (a) Taxes that are being contested in good faith by
appropriate proceedings and for which such Company has set aside on its books adequate reserves or
(b) to the extent that the failure to do so would not reasonably be expected to result in a
Material Adverse Effect.

          Section 3.10 ERISA. No ERISA Event has occurred or is reasonably expected to occur
that, when taken together with all other such ERISA Events for which liability is reasonably
expected to occur, would reasonably be expected to result in a Material Adverse Effect. The
present value of all accumulated benefit obligations under each Plan (based on the assumptions used
for purposes of Statement of Financial Accounting Standards No. 87) did not, as of the date of the
most recent financial statements reflecting such amounts, exceed by more than $25,000,000 the fair
market value of the assets of such Plan, and the present value of all accumulated benefit
obligations of all underfunded Plans (based on the assumptions used for purposes of Statement of
Financial Accounting Standards No. 87) did not, as of the date of the most recent financial
statements reflecting such amounts, exceed by more than $25,000,000 the fair market value of the
assets of all such underfunded Plans.

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          Section 3.11 Disclosure. None of the reports, financial statements, certificates or
other information furnished by or on behalf of the Credit Parties to the Administrative Agent or
any Lender in connection with the negotiation of this Agreement or delivered hereunder (as modified
or supplemented by other information so furnished) contains any material misstatement of fact or
omits to state any material fact necessary to make the statements therein, in the light of the
circumstances under which they were made, not misleading; provided that, with respect to
projected financial information, the Credit Parties represent only that such information was
prepared in good faith based upon assumptions believed to be reasonable at the time.

          Section 3.12 Federal Regulations. No part of the proceeds of any Loans will be used
for “purchasing” or “carrying” any “margin stock” (within the respective meanings of each of the
quoted terms under Regulation U of the Board as now and from time to time hereafter in effect) in a
manner or in circumstances that would constitute or result in non-compliance by either Credit Party
or any Lender with the provisions of Regulations U, T or X of the Board. If requested by any
Lender or the Administrative Agent, the Borrower will furnish to such Lender or the Administrative
Agent, as applicable, a statement to the foregoing effect in conformity with the requirements of FR
Form U-1 referred to in said Regulation U.

          Section 3.13 Subsidiaries. As of the date hereof, the Guarantor has only the
Subsidiaries set forth on Schedule 3.13.

          Section 3.14 Insurance. Each Company maintains (pursuant to a self-insurance program
and/or with financially sound and reputable insurers) insurance with respect to its properties and
business and against at least such liabilities, casualties and contingencies and in at least such
types and amounts as is customary in the case of companies engaged in the same or a similar
business or having similar properties similarly situated.

ARTICLE IV

CONDITIONS

          Section 4.01 Conditions of Effectiveness. The obligations of the Lenders to make
Loans (or to purchase participations in Swingline Loans) hereunder shall become effective on the
date on which each of the following conditions is satisfied (or waived in accordance with
Section 10.02):

     (a) The Administrative Agent (or its counsel) shall have received from each party
hereto a counterpart of this Agreement signed on behalf of such party.

     (b) The Administrative Agent shall have received reasonably satisfactory written
opinions (addressed to the Administrative Agent and the Lenders and dated the Closing Date)
of Mayer Brown LLP, special New York counsel for the Credit Parties, and Stinson Morrison
Hecker LLP, special counsel for the Credit Parties, substantially in the forms of
Exhibit E-1 and E-2, respectively, and covering such other matters relating
to the Credit Parties, this Agreement or the Transactions as the Required Lenders shall
reasonably request. The Credit Parties hereby request such counsel to deliver such opinion.

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     (c) The Administrative Agent shall have received such documents and certificates as the
Administrative Agent or its counsel may reasonably request relating to the organization,
existence and good standing of the Credit Parties, the authorization of the Transactions and
any other legal matters relating to the Credit Parties, this Agreement or the Transactions,
all in form and substance satisfactory to the Administrative Agent and its counsel.

     (d) The Administrative Agent shall have received a certificate, dated the Closing Date
and signed by the President, a Vice President or a Financial Officer of each Credit Party,
stating that:

          (i) the representations and warranties contained in Article III of this Agreement are
correct on and as of the Closing Date; and

          (ii) no event has occurred and is continuing that constitutes a Default.

     (e) The Administrative Agent shall have received all fees and other amounts due and
payable on or prior to the Closing Date, including, to the extent invoiced, reimbursement or
payment of all out-of-pocket expenses required to be reimbursed or paid by the Borrower
hereunder.

     (f) The Borrower shall have repaid all obligations owing and outstanding under each
Existing Agreement.

     (g) All governmental and material third party approvals necessary in connection with
the execution, delivery and performance of this Agreement shall have been obtained and be in
full force and effect.

     The Administrative Agent shall notify the Borrower and the Lenders of the Closing Date, and
such notice shall be conclusive and binding.

          Without limiting the generality of the provisions of the last paragraph of Section
9.03, for purposes of determining compliance with the conditions specified in this Section
4.01, each Lender that has signed this Agreement shall be deemed to have consented to, approved
or accepted, or to be satisfied with, each document or other matter required hereunder to be
consented to or approved by or acceptable or satisfactory to a Lender unless the Administrative
Agent shall have received notice from such Lender prior to the proposed Closing Date specifying its
objection thereto.

          Section 4.02 Conditions to all Loans. The obligation of each Lender to make a Loan on
the occasion of any Borrowing is subject to the satisfaction of the following conditions:

     (a) The representations and warranties of the Credit Parties set forth in Article
III of this Agreement (other than the representations and warranties set forth in
subsections 3.04(b), 3.06(a)(i) and 3.06(b)) shall be true and correct in all material
respects on and as of the date of such Borrowing (except to the extent related to a specific
earlier date).

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     (b) At the time of and immediately after giving effect to such Borrowing, no Default
shall have occurred and be continuing.

          Each Borrowing shall be deemed to constitute a representation and warranty by each of the
Credit Parties on the date thereof as to the matters specified in subsections (a) and (b) of this
Section.

ARTICLE V

AFFIRMATIVE COVENANTS

          Until the Commitments have expired or been terminated and the principal of and interest on
each Loan and all fees payable hereunder shall have been paid in full, each of the Credit Parties
covenants and agrees with the Lenders that:

          Section 5.01 Financial Statements and Other Information. The Borrower will furnish to
the Administrative Agent and each Lender:

     (a) within 90 days after the end of each fiscal year of the Guarantor, an audited
consolidated balance sheet and related statements of operations, stockholders’ equity and
cash flows of the Guarantor and its consolidated Subsidiaries as of the end of and for such
year, setting forth in each case in comparative form the figures for the previous fiscal
year, all reported on by Deloitte & Touche LLP or other another independent registered
public accounting firm of recognized national standing (without a “going concern” or like
qualification or exception and without any qualification or exception as to the scope of
such audit) to the effect that such consolidated financial statements present fairly in all
material respects the financial condition and results of operations of the Guarantor and its
consolidated Subsidiaries on a consolidated basis in accordance with GAAP consistently
applied;

     (b) (i) in the case of the Guarantor, within 45 days after the end of each of the first
three fiscal quarters of each fiscal year of the Guarantor and (ii) in the case of the
Borrower, within 90 days after the end of each fiscal year of the Borrower, consolidated
balance sheets and related statements of operations and cash flows of the Borrower and the
Guarantor and their consolidated Subsidiaries, and the consolidated statement of
stockholders’ equity of the Guarantor, as of the end of and for such fiscal quarter (in the
case of the Guarantor) and the then elapsed portion of the fiscal year, setting forth in
each case in comparative form the figures for the corresponding period or periods of (or, in
the case of the balance sheet, as of the end of) the previous fiscal year, all certified by
a Financial Officer of the Borrower and the Guarantor as presenting fairly in all material
respects the financial condition and results of operations of the Borrower and the Guarantor
and their consolidated Subsidiaries on a consolidated basis in accordance with GAAP
consistently applied, subject to normal year-end audit adjustments and the absence of
footnotes;

     (c) concurrently with any delivery of financial statements under clause (a) or (b)
above, a certificate of a Financial Officer of the Borrower and the Guarantor (i) certifying
as to whether a Default has occurred and, if a Default has occurred,

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specifying
the details thereof and any action taken or proposed to be taken with respect thereto,
(ii) setting forth reasonably detailed calculations demonstrating compliance with
Section 6.01 and (iii) stating whether any change in GAAP or in the application
thereof has occurred since the date of the audited financial statements referred to in
Section 3.04 and, if any such change has occurred, specifying the effect of such
change on the financial statements accompanying such certificate (which delivery may be by
electronic communication and shall be deemed to be an original authentic counterpart thereof
for all purposes);

     (d) promptly after the same become publicly available, copies of all periodic and other
reports, proxy statements and other materials (other than (i) statements of ownership such
as Forms 3, 4 and 5 and Schedule 13G, (ii) routine filings relating to employee benefits,
such as Forms S-8 and 11-K, and (iii) routine filings by (A) RSM McGladrey, Inc. and its
Subsidiaries, including Birchtree Financial Services, Inc., (B) RSM Equico, Inc. and its
Subsidiaries, including McGladrey Capital Markets, LLC, (C) Sand Canyon Corporation and its
Subsidiaries, (D) H&R Block Canada, Inc. and (E) H&R Block Limited) filed by either Credit
Party or any Subsidiary with the Securities and Exchange Commission, or any Governmental
Authority succeeding to any or all of the functions of said Commission, or with any national
securities exchange, or distributed by either Credit Party to its shareholders generally, as
the case may be; and

     (e) promptly following any request therefor, such other information regarding the
operations, business affairs and financial condition of any Company, or compliance with the
terms of this Agreement, as the Administrative Agent or any Lender may reasonably request.

          Documents required to be delivered pursuant to Section 5.01(a), (b) or
(d) (to the extent any such documents are included in materials otherwise filed with the
SEC) may be delivered electronically and if so delivered, shall be deemed to have been delivered on
the date (i) on which the Borrower or the Guarantor posts such documents, or provides a link
thereto, on the Borrower’s website on the Internet at the website address listed on Schedule
10.01; or (ii) on which such documents are posted on the Borrower’s or the Guarantor’s behalf
on an Internet or intranet website, if any, to which each Lender and the Administrative Agent have
access (whether a commercial, third-party website or whether sponsored by the Administrative
Agent); provided that the Borrower shall notify the Administrative Agent by electronic mail
of the posting of any such documents. The Administrative Agent shall have no obligation to request
the delivery of or to maintain paper copies of the documents referred to above, and in any event
shall have no responsibility to monitor compliance by the Borrower with any such request by a
Lender for delivery, and each Lender shall be solely responsible for requesting delivery to it or
maintaining its copies of such documents.

          The Borrower hereby acknowledges that (a) the Administrative Agent and/or the Arrangers will
make available to the Lenders materials and/or information provided by or on behalf of the Borrower
hereunder (collectively, “Borrower Materials”) by posting the Borrower Materials on
IntraLinks or another similar electronic system (the “Platform”) and (b) certain of the
Lenders (each, a “Public Lender”) may have personnel who do not wish to receive material
non-public information with respect to the Borrower or its Affiliates, or the respective securities

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of any of the foregoing, and who may be engaged in investment and other market-related
activities with respect to such Persons’ securities. The Borrower hereby agrees that (w) all
Borrower Materials that are to be made available to Public Lenders shall be clearly and
conspicuously marked “PUBLIC” which, at a minimum, shall mean that the word “PUBLIC” shall appear
prominently on the first page thereof; (x) by marking Borrower Materials “PUBLIC,” the Borrower
shall be deemed to have authorized the Administrative Agent, the Arrangers and the Lenders to treat
such Borrower Materials as not containing any material non-public information with respect to the
Borrower or its securities for purposes of United States Federal and state securities laws
(provided, however, that to the extent such Borrower Materials constitute
Information, they shall be treated as set forth in Section 10.13); (y) all Borrower
Materials marked “PUBLIC” are permitted to be made available through a portion of the Platform
designated “Public Side Information;” and (z) the Administrative Agent and the Arrangers shall be
entitled to treat any Borrower Materials that are not marked “PUBLIC” as being suitable only for
posting on a portion of the Platform that is not designated “Public Side Information.”

          Section 5.02 Notices of Material Events. The Borrower will furnish to the
Administrative Agent and each Lender prompt written notice of the following:

     (a) the occurrence of any Default;

     (b) the filing or commencement of any action, suit or proceeding by or before any
arbitrator or Governmental Authority against or affecting either Credit Party or any
Affiliate thereof that is reasonably likely to be adversely determined and, if so
determined, would reasonably be expected to result in a Material Adverse Effect;

     (c) the occurrence of any ERISA Event that, alone or together with any other ERISA
Events that have occurred, would reasonably be expected to result in liability of any
Company in an aggregate amount exceeding $25,000,000; and

     (d) any other development that results in, or would reasonably be expected to result
in, a Material Adverse Effect.

          Each notice delivered under this Section shall be accompanied by a statement of a Financial
Officer or other executive officer of the Borrower and the Guarantor setting forth the details of
the event or development requiring such notice and any action taken or proposed to be taken with
respect thereto.

          Section 5.03 Existence; Conduct of Business. Each Credit Party will, and will cause
each of its Subsidiaries to, do or cause to be done all things necessary to preserve, renew and
keep in full force and effect its legal existence and the rights, licenses, permits, privileges and
franchises material to the conduct of its business; provided that the foregoing shall not
prohibit any merger, consolidation, liquidation, disposition or dissolution permitted under
Section 6.04.

          Section 5.04 Payment of Taxes. Each Credit Party will, and will cause each of its
Subsidiaries to, pay its Tax liabilities that, if not paid, would reasonably be expected to have a
Material Adverse Effect before the same shall become delinquent, except where (a) the validity

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or amount thereof is being contested in good faith by appropriate proceedings, (b) such Credit
Party or such Subsidiary has set aside on its books adequate reserves with respect thereto in
accordance with GAAP and (c) the failure to make payment pending such contest would not reasonably
be expected to result in a Material Adverse Effect.

          Section 5.05 Maintenance of Properties; Insurance. Each Credit Party will, and will
cause each of its Subsidiaries to, (a) keep and maintain all property material to the conduct of
its business in good working order and condition, ordinary wear and tear excepted, and (b) maintain
(pursuant to a self-insurance program and/or with financially sound and reputable insurers)
insurance in such amounts and against such risks as is customarily maintained by companies engaged
in the same or similar businesses operating in the same or similar locations.

          Section 5.06 Books and Records; Inspection Rights. Each Credit Party will, and will
cause each of its Subsidiaries to, keep proper books of record and account in which full, true and
correct entries are made of all dealings and transactions in relation to its business and
activities. Each Credit Party will, and will cause each of its Subsidiaries to, permit any
representatives designated by the Administrative Agent or any Lender, upon reasonable prior notice,
to visit and inspect its properties, to examine and make extracts from its books and records, and
to discuss its affairs, finances and condition with its officers and independent accountants, all
at such reasonable times and as often as reasonably requested; provided that so long as no
Event of Default exists, each Credit Party and each Subsidiary shall have the right to be present
and participate in any discussions with its independent accountants. Nothing in this Section
5.06 shall permit the Administrative Agent or any Lender to examine or otherwise have access to
the tax returns or other confidential information of any customer of either Credit Party or any of
their respective Subsidiaries.

          Section 5.07 Compliance with Laws. Each Credit Party will, and will cause each of its
Subsidiaries to, comply with all laws, rules, regulations and orders of any Governmental Authority
applicable to it or its property, except where the failure to do so, individually or in the
aggregate, would not reasonably be expected to result in a Material Adverse Effect.

          Section 5.08 Use of Proceeds. The proceeds of the Loans will be used only for paying
at maturity commercial paper issued by the Borrower from time to time, for general corporate
purposes or for working capital needs. No part of the proceeds of any Loan will be used, whether
directly or indirectly, for any purpose that entails a violation of any of the Regulations of the
Board, including Regulations U and X.

          Section 5.09 Cleandown. The Credit Parties shall reduce the aggregate outstanding
principal amount of all Short-Term Debt to $200,000,000 or less for a minimum period of thirty
consecutive days during the period from March 1 to June 30 of each fiscal year.

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ARTICLE VI

NEGATIVE COVENANTS

          Until the Commitments have expired or terminated and the principal of and interest on each
Loan and all fees payable hereunder have been paid in full, each of the Credit Parties covenants
and agrees with the Lenders that:

          Section 6.01 Consolidated Net Worth. The Guarantor will not permit Consolidated Net
Worth as at the last day of any fiscal quarter of the Guarantor to be less than $650,000,000.

          Section 6.02 Indebtedness. The Credit Parties will not, and will not permit any
Subsidiary to, create, incur, assume or permit to exist any Indebtedness, except:

     (a) subject to the proviso at the end of this Section 6.02, Indebtedness
created hereunder;

     (b) Indebtedness existing on the date hereof and set forth in Schedule 6.02 and
extensions, renewals and replacements of any such Indebtedness that do not increase the
outstanding principal amount thereof;

     (c) seasonal Indebtedness of H&R Block Canada, Inc., provided that the
aggregate principal amount of all such Indebtedness incurred pursuant to this subsection (c)
shall not exceed 250,000,000 Canadian dollars at any time outstanding;

     (d) Indebtedness of the Borrower and the Guarantor, provided that (i) the
obligations of the Credit Parties hereunder shall rank at least pari passu with such
Indebtedness (including with respect to security) and (ii) the aggregate principal amount of
all Indebtedness permitted by this subsection (d) shall not exceed $2,000,000,000 at any
time outstanding;

     (e) subject to the proviso at the end of this Section 6.02, (i) Indebtedness in
connection with commercial paper issued in the United States through the Borrower which is
guaranteed by the Guarantor and (ii) Indebtedness under bank lines of credit or similar
facilities;

     (f) Indebtedness in connection with Guarantees of the performance of (i) any
Subsidiary’s or franchisee’s obligations under or pursuant to indemnity, fee, daylight
overdraft and other similar customary banking arrangements between such Subsidiary or
franchisee and one or more financial institutions in the ordinary course of business, (ii)
any Subsidiary’s or franchisee’s obligations under or pursuant to any office lease entered
into in the ordinary course of business, and (iii) any Subsidiary’s obligations under or
pursuant to any promotional, joint-promotional, cross-promotional, joint marketing, service,
equipment or supply procurement, software license or other similar agreement entered into by
such Subsidiary with one or more vendors, suppliers, retail businesses or other third
parties in the ordinary course of business, including indemnification obligations relating
to such Subsidiary’s failure to perform its obligations under such lease or agreement;

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     (g) acquisition-related Indebtedness (either incurred or assumed) and Indebtedness in
connection with the Guarantor’s guarantees of the payment or performance of primary
obligations of Subsidiaries of the Guarantor in connection with acquisitions by such
Subsidiaries, or Indebtedness secured by Liens permitted under Section 6.03(f);
provided that, during any fiscal year, the aggregate outstanding principal amount of
all Indebtedness incurred pursuant to this subsection (g) shall not exceed at any time
$500,000,000;

     (h) Indebtedness of any Company to any other Company; provided that such
Indebtedness shall not be prohibited by Section 6.05;

     (i) Indebtedness in connection with repurchase agreements pursuant to which mortgage
loans of a Credit Party or a Subsidiary are sold with the simultaneous agreement to
repurchase the mortgage loans at the same price plus interest at an agreed upon rate;
provided that the aggregate outstanding principal amount of all Indebtedness
incurred pursuant to this subsection (i) shall not at any time exceed $500,000,000;
provided, further, that no agreed upon repurchase date shall be later than
90 business days after the date of the corresponding repurchase agreement;

     (j) Indebtedness in connection with Guarantees or Guarantee Obligations which are made,
given or undertaken as representations and warranties, indemnities or assurances of the
payment or performance of primary obligations in connection with securitization transactions
or other transactions permitted hereunder, as to which primary obligations the primary
obligor is a Credit Party, a Subsidiary or a securitization trust or similar securitization
vehicle to which a Credit Party or a Subsidiary sold, directly or indirectly, the relevant
mortgage loans;

     (k) Indebtedness of RSM, a Subsidiary of the Guarantor, to McGladrey & Pullen, LLP and
certain related trusts; provided that the aggregate outstanding principal of all
Indebtedness permitted under this subsection (k) shall not exceed $200,000,000 at any time;

     (l) Indebtedness in connection with (i) Capital Lease Obligations in an aggregate
outstanding principal amount not at any time exceeding $50,000,000 (excluding any Capital
Lease Obligations permitted by Section 6.02(p)), (ii) obligations under existing
mortgages in an aggregate outstanding principal amount not exceeding $12,000,000 at any
time, (iii) securities sold and not yet purchased, provided that the aggregate
outstanding principal amount of all Indebtedness incurred pursuant to this clause (iii)
(other than Indebtedness of Subsidiaries which act as broker-dealers) shall not at any time
exceed $15,000,000 and (iv) customer deposits in the ordinary course of business;

     (m) subject to the proviso at the end of this Section 6.02, Indebtedness
incurred in connection with any RAL Receivables Transaction or Indirect RAL Participation
Transaction; provided that (i) such Indebtedness is incurred during the period
beginning on January 2 of any year and ending on June 29 of such year, (ii) such
Indebtedness is repaid in full by June 30 of the year in which such Indebtedness is

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incurred and (iii) the covenants contained in any agreement relating to such
Indebtedness, or guarantee thereof (other than covenants specific to the Borrower’s refund
anticipation loan program and the operation thereof), are no more restrictive in any
material respect than the covenants contained in this Agreement (or, in the case of any
agreement entered into prior to the effectiveness of this Agreement, than the covenants
contained in the Existing Agreements, provided that any such agreement shall terminate no
later than June 30, 2010);

     (n) Indebtedness in respect of letters of credit in an aggregate outstanding principal
amount not to exceed $100,000,000;

     (o) Indebtedness (including Capital Lease Obligations) in connection with a
monetization of the Guarantor’s headquarters in an aggregate outstanding principal amount
not exceeding $200,000,000 at any time;

     (p) deposits and other liabilities incurred by banking Subsidiaries in the ordinary
course of business;

     (q) customary liabilities of broker-dealers incurred by broker-dealer Subsidiaries in
the ordinary course of business;

     (r) Indebtedness issued by a Subsidiary of the Borrower and primarily secured by
mortgage loans sold as contemplated by Section 6.05(c) to such Subsidiary by another
Subsidiary of the Borrower;

     (s) Indebtedness secured by Liens permitted by Section 6.03(d) or
6.03(e);

     (t) Indebtedness incurred solely to finance businesses described on Schedule
6.04(b) after the date hereof that neither the Credit Parties nor their respective
Subsidiaries are currently engaged in to any material extent on the date hereof;
provided that the aggregate principal amount of all Indebtedness incurred pursuant
to this clause (t) shall not at any time exceed $400,000,000;

     (u) other Indebtedness (excluding Indebtedness of the types described in Sections
6.02(a), 6.02(b), 6.02(e) and 6.02(m)) in an aggregate principal
amount not at any time exceeding $20,000,000; and

     (v) subject to the proviso at the end of this Section 6.02, Indebtedness
incurred in Other Receivables Transactions;

provided, that the sum, without duplication, of the aggregate outstanding principal amount
of all Indebtedness permitted pursuant to Sections 6.02(a), 6.02(b),
6.02(e), 6.02(m) and 6.02(v) shall not at any time exceed the Aggregate
Commitments then in effect, except that, during the period from October 15 of any year through June
30 of the following year, such sum may exceed the Aggregate Commitments then in effect by an amount
up to the total of (A) the Permitted Amount (as defined below) and (B) $500,000,000. For purposes
of the foregoing, “Permitted Amount” means (i) from October 15 of any year through January 1 of the
following year, the aggregate outstanding principal amount of Indebtedness described in Section
6.02(v); (ii) from January 2 of

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any year through April 30 of such year, the aggregate outstanding principal amount of Indebtedness
described in Sections 6.02(m) and 6.02(v); and (iii) from May 1 of any year through
June 30 of such year, the aggregate outstanding principal amount of Indebtedness described in
Section 6.02(m).

          Section 6.03 Liens. The Credit Parties will not, and will not permit any Subsidiary
to, create, incur, assume or permit to exist any Lien on any property or asset now owned or
hereafter acquired by it, or assign or sell any income or revenues (including accounts receivable)
or rights in respect of any thereof, except:

     (a) Permitted Encumbrances;

     (b) any Lien on any asset of any Company existing on the date hereof and set forth in
Schedule 6.03; provided that (i) such Lien shall not apply to any other
asset of any Company and (ii) such Lien shall secure only those obligations which it secures
on the date hereof and extensions, renewals and replacements thereof that do not increase
the outstanding principal amount thereof;

     (c) any Lien existing on any asset prior to the acquisition thereof by any Company or
existing on any asset of any Person that becomes a Subsidiary after the date hereof prior to
the time such Person becomes a Subsidiary; provided that (i) such Lien is not
created in contemplation of or in connection with such acquisition or such Person becoming a
Subsidiary, as the case may be, (ii) such Lien shall not apply to any other assets of any
Company and (iii) such Lien shall secure only those obligations which it secures on the date
of such acquisition or the date such Person becomes a Subsidiary, as the case may be, and
extensions, renewals and replacements thereof that do not increase the outstanding principal
amount thereof;

     (d) Liens and transfers in connection with the securitization, financing or other
transfer of any mortgage loans or mortgage servicing reimbursement rights (and/or, in each
case, related rights, interests and servicing assets) owned by the Borrower or any of its
Subsidiaries;

     (e) Liens and transfers in connection with the securitization or other transfer of any
credit card receivables (and/or related rights and interests) owned by the Borrower or any
of its Subsidiaries;

     (f) Liens on fixed or capital assets acquired, constructed or improved by any Company
to secure Indebtedness of such Company incurred to finance the acquisition, construction or
improvement of such fixed or capital assets; provided that (i) such Liens and the
Indebtedness secured thereby are incurred prior to or within 90 days after such acquisition
or the completion of such construction or improvement, (ii) the Indebtedness secured thereby
does not exceed 100% of the cost of acquiring, constructing or improving such fixed or
capital assets and (iii) such Liens shall not apply to any other assets of any Company;

     (g) Liens arising in connection with repurchase agreements contemplated by Section
6.02(i); provided that such security interests shall not apply to any assets of
any

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Company except for the mortgage loans or securities, as applicable, subject to such
repurchase agreements;

     (h) Liens arising in connection with Indebtedness permitted by Sections
6.02(p), which Liens are granted in the ordinary course of business;

     (i) Liens not otherwise permitted by this Section 6.03 so long as the
Obligations hereunder are contemporaneously secured equally and ratably with the obligations
secured thereby;

     (j) Liens not otherwise permitted by this Section 6.03, so long as the
aggregate outstanding principal amount of the obligations secured thereby does not exceed
(as to all Companies) $250,000,000 at any one time;

     (k) Liens and transfers in connection with any RAL Receivables Transaction or Other
Receivables Transaction;

     (l) Liens securing Indebtedness permitted by Sections 6.02(o) or
6.02(t);

     (m) Liens on Unrestricted Margin Stock; and

     (n) Liens securing the Obligations.

          Section 6.04 Fundamental Changes; Sale of Assets. (a) The Credit Parties will not,
and will not permit any Material Subsidiary to, merge into or consolidate with any other Person, or
permit any other Person to merge into or consolidate with it, or sell, transfer, lease or otherwise
dispose of (in one transaction or in a series of transactions) all or substantially all of its
assets (other than Unrestricted Margin Stock), or all or substantially all of the stock or assets
related to its tax preparation business or liquidate or dissolve, except (i) transfers in
connection with any RAL Receivables Transaction, Other Receivables Transaction or securitization
otherwise permitted hereby, (ii) sales and other transfers of mortgage loans (and/or related rights
and interests and servicing assets) and (iii) if at the time thereof and immediately after giving
effect thereto no Default shall have occurred and be continuing, (A) any Material Subsidiary other
than the Borrower may merge into a Credit Party in a transaction in which the Credit Party is the
surviving corporation, (B) any wholly owned Material Subsidiary other than the Borrower may merge
into any other wholly owned Material Subsidiary in a transaction in which the surviving entity is a
wholly owned Subsidiary, (C) any Material Subsidiary other than the Borrower may sell, transfer,
lease or otherwise dispose of its assets to the Guarantor or to another Material Subsidiary and (D)
any Material Subsidiary other than the Borrower may liquidate or dissolve if the Guarantor
determines in good faith that such liquidation or dissolution is in the best interests of the
Guarantor and is not materially disadvantageous to the Lenders; provided that any such
merger involving a Person that is not a wholly owned Subsidiary immediately prior to such merger
shall not be permitted unless also permitted by Section 6.05.

          (b) Except as set forth on Schedule 6.04(b), the Credit Parties will not, and will
not permit any Material Subsidiary to, engage to any material extent in any business other than
businesses of the type conducted by the Credit Parties and the Subsidiaries on the date of
execution of this Agreement and businesses reasonably related thereto.

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          Section 6.05 Transactions with Affiliates. The Credit Parties will not, and will not
permit any other Company to, sell, lease or otherwise transfer any assets to, or purchase, lease or
otherwise acquire any assets from, or otherwise engage in any other transactions with, any of its
Affiliates, except (a) in the ordinary course of business at prices and on terms and conditions not
less favorable to such Company than could be obtained on an arm’s-length basis from unrelated third
parties, (b) transactions between or among Companies not involving any other Affiliate, and (c)
transactions involving the transfer of mortgage loans and other assets for cash and other
consideration of not less than the sum of (i) the lesser of (x) the fair market value of such
mortgage loans and (y) the outstanding principal amount of such mortgage loans, and (ii) the fair
market value of such other assets, to a Subsidiary of the Borrower that issues Indebtedness
permitted by Section 6.02(r).

          Section 6.06 Restrictive Agreements. The Credit Parties will not, and will not permit
any Subsidiary to, directly or indirectly, enter into, incur or permit to exist any agreement or
other arrangement that by its terms prohibits, restricts or imposes any condition upon (a) the
ability of any Company to create, incur or permit to exist any Lien upon any of its material assets
(unless such agreement or arrangement does not prohibit, restrict or impose any condition upon the
ability of any Company to create, incur or permit to exist any Lien in favor of the Administrative
Agent or any Lender created hereunder), or (b) the ability of any Subsidiary to pay dividends or
other distributions with respect to any shares of its capital stock or to make or repay loans or
advances to the Guarantor or any other Subsidiary or to Guarantee Indebtedness of the Guarantor or
any other Subsidiary; provided that (i) the foregoing shall not apply to restrictions and
conditions imposed by law, by this Agreement or, in the case of any banking Subsidiary, by any
Governmental Authority having jurisdiction over such Subsidiary, (ii) the foregoing shall not apply
to restrictions and conditions existing on the date hereof identified on Schedule 6.06 (but
shall apply to any extension, renewal, amendment or modification expanding the scope of any such
restriction or condition), (iii) the foregoing shall not apply to customary restrictions and
conditions contained in agreements relating to the sale of a Subsidiary pending such sale, provided
such restrictions and conditions apply only to the Subsidiary that is to be sold and such sale is
permitted hereunder, (iv) the foregoing shall not apply to customary restrictions and conditions
contained in agreements relating to the securitization, financing or other transfer of mortgage
loans (and/or related rights and interests and servicing assets) owned by the Borrower or any of
its Subsidiaries, (v) clause (a) of the foregoing shall not apply to restrictions or conditions
imposed by any agreement relating to secured obligations permitted by this Agreement (including
obligations secured by Liens permitted by Section 6.03(j)) if such restrictions or
conditions apply only to the assets securing such obligations, (vi) clause (a) of the foregoing
shall not apply to customary provisions in leases and other contracts restricting the assignment
thereof and (vii) clause (a) of the foregoing shall not apply to restrictions or conditions imposed
by any agreement relating to Indebtedness permitted hereunder pursuant to Section 6.02(m)
or 6.02(v) or any RAL Receivables Transaction or Other Receivables Transaction.

ARTICLE VII

GUARANTEE

          Section 7.01 Guarantee. (a) The Guarantor hereby unconditionally and irrevocably
guarantees to the Administrative Agent and the Lenders and their respective

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successors, indorsees, transferees and assigns, the prompt and complete payment and
performance by the Borrower when due (whether at the stated maturity, by acceleration or otherwise)
of the Obligations.

          (b) The Guarantor further agrees to pay any and all expenses (including all fees and
disbursements of counsel) which may be paid or incurred by the Administrative Agent or any
Lender in enforcing, or obtaining advice of counsel in respect of, any rights with respect to,
or collecting, any or all of the Obligations and/or enforcing any rights with respect to, or
collecting against, the Guarantor under this Article. This Article shall remain in full force
and effect until the Obligations and the obligations of the Guarantor under the guarantee
contained in this Article shall have been satisfied by payment in full and the Commitments shall
be terminated, notwithstanding that from time to time prior thereto the Borrower may be free
from any Obligations.

          (c) No payment or payments made by either Credit Party, any other guarantor or any other
Person or received or collected by the Administrative Agent or any Lender from either Credit
Party or any other Person by virtue of any action or proceeding or any set-off or appropriation
or application, at any time or from time to time, in reduction of or in payment of the
Obligations shall be deemed to modify, reduce, release or otherwise affect the liability of the
Guarantor hereunder which shall, notwithstanding any such payment or payments, remain liable
hereunder for the Obligations until the Obligations are paid in full and the Commitments are
terminated.

          (d) The Guarantor agrees that whenever, at any time or from time to time, it shall make any
payment to the Administrative Agent or any Lender on account of its liability hereunder, it will
notify the Administrative Agent and such Lender in writing that such payment is made under this
Article for such purpose.

          Section 7.02 Delay of Subrogation. Notwithstanding any payment or payments made by
the Guarantor hereunder, or any set-off or application of funds of the Guarantor by the
Administrative Agent or any Lender, the Guarantor shall not be entitled to be subrogated to any of
the rights of the Administrative Agent or any Lender against the Borrower or against any collateral
security or guarantee or right of offset held by the Administrative Agent or any Lender for the
payment of the Obligations, nor shall the Guarantor seek or be entitled to seek any contribution or
reimbursement from the Borrower in respect of payments made by the Guarantor hereunder, until all
amounts owing to the Administrative Agent and the Lenders by the Borrower on account of the
Obligations are paid in full and the Commitments are terminated. If any amount shall be paid to
the Guarantor on account of such subrogation rights at any time when all of the Obligations shall
not have been paid in full, such amount shall be held by the Guarantor in trust for the
Administrative Agent and the Lenders, segregated from other funds of the Guarantor, and shall,
forthwith upon receipt by the Guarantor, be turned over to the Administrative Agent in the exact
form received by the Guarantor (duly indorsed by the Guarantor to the Administrative Agent, if
required) to be applied against the Obligations, whether matured or unmatured, in such order as the
Administrative Agent may determine. The provisions of this Section shall be effective
notwithstanding the termination of this Agreement and the payment in full of the Obligations and
the termination of the Commitments.

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          Section 7.03 Amendments, etc. with respect to the Obligations; Waiver of Rights. The
Guarantor shall remain obligated hereunder notwithstanding that, without any reservation of rights
against the Guarantor, and without notice to or further assent by the Guarantor, any demand for
payment of any of the Obligations made by the Administrative Agent or any Lender may be rescinded
by the Administrative Agent or such Lender, and any of the Obligations continued, and the
Obligations, or the liability of any other party upon or for any part thereof, or any collateral
security or guarantee therefor or right of offset with respect thereto, may, from time to time, in
whole or in part, be renewed, extended, amended, modified, accelerated, compromised, waived,
surrendered or released by the Administrative Agent or any Lender, and this Agreement and any other
documents executed and delivered in connection herewith may be amended, modified, supplemented or
terminated, in whole or in part, in accordance with the provisions hereof as the Administrative
Agent (or the requisite Lenders, as the case may be) may deem advisable from time to time, and any
collateral security, guarantee or right of offset at any time held by the Administrative Agent or
any Lender for the payment of the Obligations may be sold, exchanged, waived, surrendered or
released. Neither the Administrative Agent nor any Lender shall have any obligation to protect,
secure, perfect or insure any Lien at any time held by it as security for the Obligations or for
this Agreement or any property subject thereto. When making any demand hereunder against the
Guarantor, the Administrative Agent or any Lender may, but shall be under no obligation to, make a
similar demand on the Borrower or any other guarantor, and any failure by the Administrative Agent
or any Lender to make any such demand or to collect any payments from the Borrower or any such
other guarantor or any release of the Borrower or such other guarantor shall not relieve the
Guarantor of its obligations or liabilities hereunder, and shall not impair or affect the rights
and remedies, express or implied, or as a matter of law, of the Administrative Agent or any Lender
against the Guarantor. For the purposes hereof “demand” shall include the commencement and
continuance of any legal proceedings.

          Section 7.04 Guarantee Absolute and Unconditional. The Guarantor waives any and all
notice of the creation, renewal, extension or accrual of any of the Obligations and notice of or
proof of reliance by the Administrative Agent or any Lender upon this Agreement or acceptance of
this Agreement; the Obligations, and any of them, shall conclusively be deemed to have been
created, contracted or incurred, or renewed, extended, amended or waived, in reliance upon this
Agreement; and all dealings between the Borrower and the Guarantor, on the one hand, and the
Administrative Agent and the Lenders, on the other, shall likewise be conclusively presumed to have
been had or consummated in reliance upon this Agreement. The Guarantor waives diligence,
presentment, protest, demand for payment and notice of default or nonpayment to or upon the
Borrower and the Guarantor with respect to the Obligations. This Article shall be construed as a
continuing, absolute and unconditional guarantee of payment without regard to (a) the validity,
regularity or enforceability of this Agreement, any other documents executed and delivered in
connection herewith, any of the Obligations or any other collateral security therefor or guarantee
or right of offset with respect thereto at any time or from time to time held by the Administrative
Agent or any Lender, (b) any defense, set-off or counterclaim (other than a defense of payment or
performance) which may at any time be available to or be asserted by the Guarantor against the
Administrative Agent or any Lender, or (c) any other circumstance whatsoever (with or without
notice to or knowledge of the Borrower or the Guarantor) which constitutes, or might be construed
to constitute, an equitable or legal discharge of the Borrower for the Obligations, or of the
Guarantor under this Article, in bankruptcy or in any other instance.

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When pursuing its rights and remedies hereunder against the Guarantor, the Administrative
Agent and any Lender may, but shall be under no obligation to, pursue such rights and remedies as
it may have against the Borrower or any other Person or against any collateral security or
guarantee for the Obligations or any right of offset with respect thereto, and any failure by the
Administrative Agent or any Lender to pursue such other rights or remedies or to collect any
payments from the Borrower or any such other Person or to realize upon any such collateral security
or guarantee or to exercise any such right of offset, or any release of the Borrower or any such
other Person or of any such collateral security, guarantee or right of offset, shall not relieve
the Guarantor of any liability hereunder, and shall not impair or affect the rights and remedies,
whether express, implied or available as a matter of law, of the Administrative Agent or any Lender
against the Guarantor. This Article shall remain in full force and effect and be binding in
accordance with and to the extent of its terms upon the Guarantor and its successors and assigns,
and shall inure to the benefit of the Administrative Agent and the Lenders, and their respective
successors, indorsees, transferees and assigns, until all the Obligations and the obligations of
the Guarantor under this Agreement shall have been satisfied by payment in full and the Commitments
shall be terminated, notwithstanding that from time to time during the term of this Agreement the
Borrower may be free from any Obligations.

          Section 7.05 Reinstatement. This Article shall continue to be effective, or be
reinstated, as the case may be, if at any time payment, or any part thereof, of any of the
Obligations is rescinded or must otherwise be restored or returned by the Administrative Agent or
any Lender upon the insolvency, bankruptcy, dissolution, liquidation or reorganization of either
Credit Party or upon or as a result of the appointment of a receiver, intervenor or conservator of,
or trustee or similar officer for, either Credit Party or any substantial part of its property, or
otherwise, all as though such payments had not been made.

          Section 7.06 Payments. The Guarantor hereby agrees that all payments required to be
made by it hereunder will be made to the Administrative Agent without set-off or counterclaim in
accordance with the terms of the Obligations, including in the currency in which payment is due.

ARTICLE VIII

EVENTS OF DEFAULT AND REMEDIES

          Section 8.01 Events of Default. Any of the following shall constitute an Event of
Default:

     (a) the Borrower shall fail to pay any principal of any Loan when and as the same shall
become due and payable, whether at the due date thereof or at a date fixed for prepayment
thereof or otherwise;

     (b) the Borrower shall fail to pay any interest on any Loan or any fee or any other
amount (other than an amount referred to in clause (a) of this Article) payable under this
Agreement, when and as the same shall become due and payable, and such failure shall
continue unremedied for a period of five Business Days;

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     (c) any representation or warranty made or deemed made by either Credit Party (or any
of its officers) in or in connection with this Agreement or any amendment or modification
hereof, or in any report, certificate, financial statement or other document furnished
pursuant to or in connection with this Agreement or any amendment or modification hereof,
shall prove to have been incorrect in any material respect when made or deemed made;

     (d) either Credit Party shall fail to observe or perform any covenant, condition or
agreement contained in Section 5.02, 5.03 (with respect to the Credit
Parties’ existence), 5.08 or 5.09 or in Article VI;

     (e) either Credit Party shall fail to observe or perform any covenant, condition or
agreement contained in this Agreement (other than those specified in clause (a), (b) or (d)
of this Article), and such failure shall continue unremedied for a period of 30 days after
notice thereof from the Administrative Agent (given at the request of any Lender) to the
Borrower;

     (f) either Credit Party or any Subsidiary shall fail to make any payment (whether of
principal or interest and regardless of amount) in respect of any Material Indebtedness,
when and as the same shall become due and payable (after expiration of any applicable grace
or cure period);

     (g) any event or condition occurs that results in any Material Indebtedness becoming
due prior to its scheduled maturity; provided that this clause (g) shall not apply
to (i) secured Indebtedness that becomes due as a result of the voluntary sale or transfer
of the assets securing such Indebtedness or (ii) any obligation under a Hedging Agreement
that becomes due as a result of a default by a party thereto other than a Company;

     (h) an involuntary proceeding shall be commenced or an involuntary petition shall be
filed seeking (i) liquidation, reorganization or other relief in respect of either Credit
Party or any Material Subsidiary or its debts, or of a substantial part of its assets, under
any Federal, state or foreign bankruptcy, insolvency, receivership or similar law now or
hereafter in effect or (ii) the appointment of a receiver, trustee, custodian, sequestrator,
conservator or similar official for either Credit Party or any Material Subsidiary or for a
substantial part of its assets, and, in any such case, such proceeding or petition shall
continue undismissed for 60 days or an order or decree approving or ordering any of the
foregoing shall be entered;

     (i) either Credit Party or any Material Subsidiary shall (i) voluntarily commence any
proceeding or file any petition seeking liquidation, reorganization or other relief under
any Federal, state or foreign bankruptcy, insolvency, receivership or similar law now or
hereafter in effect, (ii) consent to the institution of, or fail to contest in a timely and
appropriate manner, any proceeding or petition described in clause (h) of this Article,
(iii) apply for or consent to the appointment of a receiver, trustee, custodian,
sequestrator, conservator or similar official for the Borrower or any Material Subsidiary or
for a substantial part of its assets, (iv) file an answer admitting the material allegations

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of a petition filed against it in any such proceeding, (v) make a general assignment
for the benefit of creditors or (vi) take any action for the purpose of effecting any of the
foregoing;

     (j) either Credit Party or any Material Subsidiary shall become unable, admit in
writing or fail generally to pay its debts as they become due;

     (k) one or more final judgments for the payment of money shall be rendered against the
Guarantor, the Borrower, any Subsidiary or any combination thereof and either (i) a creditor
shall have commenced enforcement proceedings upon any such judgment in an aggregate amount
(to the extent not covered by insurance as to which the relevant insurance company has not
denied coverage) in excess of $40,000,000 (a “Material Judgment”) or (ii) there
shall be a period of 30 consecutive days during which a stay of enforcement of any Material
Judgment shall not be in effect (by reason of pending appeal or otherwise) (it being
understood that, notwithstanding the definition of “Default”, no “Default” shall be
triggered solely by the rendering of such a judgment or judgments prior to the commencement
of enforcement proceedings or the lapse of such 30 consecutive day period, so long as such
judgments are capable of satisfaction by payment at any time);

     (l) an ERISA Event shall have occurred that, in the opinion of the Required Lenders,
when taken together with all other ERISA Events that have occurred, would reasonably be
expected to result in a Material Adverse Effect;

     (m) a Change in Control shall occur; or

     (n) the Guarantee contained in Article VII herein shall cease, for any reason,
to be in full force and effect in any material respect or either Credit Party shall so
assert.

          Section 8.02 Remedies Upon Event of Default. If any Event of Default occurs and is
continuing, the Administrative Agent shall, at the request of, or may, with the consent of, the
Required Lenders, take any or all of the following actions:

     (a) declare the commitment of each Lender to make Loans to be terminated, whereupon
such commitments shall be terminated;

     (b) declare the unpaid principal amount of all outstanding Loans, all interest accrued
and unpaid thereon, and all other amounts owing or payable hereunder or under any other Loan
Document to be immediately due and payable, without presentment, demand, protest or other
notice of any kind, all of which are hereby expressly waived by the Borrower; and

     (c) exercise on behalf of itself and the Lenders all rights and remedies available to
it and the Lenders under the Loan Documents;

provided, however, that upon the occurrence of an actual or deemed entry of an
order for relief with respect to the Borrower under the Bankruptcy Code of the United States, the
obligation of each Lender to make Loans shall automatically terminate, the unpaid principal amount
of all

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outstanding Loans and all interest and other amounts as aforesaid shall automatically become due
and payable without further act of the Administrative Agent or any Lender.

          Section 8.03 Application of Funds. After the exercise of remedies provided for in
Section 8.02 (or after the Loans have automatically become immediately due and payable as
set forth in the proviso to Section 8.02), any amounts received on account of the
Obligations shall be applied by the Administrative Agent in the following order:

          First, to payment of that portion of the Obligations constituting fees, indemnities,
expenses and other amounts (including fees, charges and disbursements of counsel to the
Administrative Agent and amounts payable under Section 2.12) payable to the Administrative
Agent in its capacity as such;

          Second, to payment of that portion of the Obligations constituting fees, indemnities
and other amounts (other than principal and interest) payable to the Lenders (including fees,
charges and disbursements of counsel to the respective Lenders and amounts payable under
Sections 2.10, 2.11 or 2.12), ratably among them in proportion to the
respective amounts described in this clause Second payable to them;

          Third, to payment of that portion of the Obligations constituting accrued and unpaid
interest on the Loans and other Obligations, ratably among the Lenders in proportion to the
respective amounts described in this clause Third payable to them;

          Fourth, to payment of that portion of the Obligations constituting unpaid principal of
the Loans, ratably among the Lenders in proportion to the respective amounts described in this
clause Fourth held by them; and

          Last, the balance, if any, after all of the Obligations have been indefeasibly paid in
full, to the Borrower or as otherwise required by Law.

ARTICLE IX

ADMINISTRATIVE AGENT

          Section 9.01 Appointment and Authority.

          Each of the Lenders hereby irrevocably appoints Bank of America to act on its behalf as the
Administrative Agent hereunder and under the other Loan Documents and authorizes the Administrative
Agent to take such actions on its behalf and to exercise such powers as are delegated to the
Administrative Agent by the terms hereof or thereof, together with such actions and powers as are
reasonably incidental thereto. The provisions of this Article are solely for the benefit of the
Administrative Agent and the Lenders, and neither the Borrower nor any other Credit Party shall
have rights as a third party beneficiary of any of such provisions.

          Section 9.02 Rights as a Lender. The Person serving as the Administrative Agent
hereunder shall have the same rights and powers in its capacity as a Lender as any other Lender and
may exercise the same as though it were not the Administrative Agent, and the term “Lender” or
“Lenders” shall, unless otherwise expressly indicated or the context otherwise requires, include
the Person serving as the Administrative Agent hereunder in its individual

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capacity. Such Person and its Affiliates may accept deposits from, lend money to, act as the
financial advisor or in any other advisory capacity for and generally engage in any kind of
business with any Company or any Affiliate thereof as if such Person were not the Administrative
Agent hereunder and without any duty to account therefor to the Lenders.

          Section 9.03 Exculpatory Provisions. The Administrative Agent shall not have any
duties or obligations except those expressly set forth herein and in the other Loan Documents.
Without limiting the generality of the foregoing, the Administrative Agent:

     (a) shall not be subject to any fiduciary or other implied duties, regardless of
whether a Default has occurred and is continuing;

     (b) shall not have any duty to take any discretionary action or exercise any
discretionary powers, except discretionary rights and powers expressly contemplated hereby
or by the other Loan Documents that the Administrative Agent is required to exercise as
directed in writing by the Required Lenders (or such other number or percentage of the
Lenders as shall be expressly provided for herein or in the other Loan Documents),
provided that the Administrative Agent shall not be required to take any action
that, in its opinion or the opinion of its counsel, may expose the Administrative Agent to
liability or that is contrary to any Loan Document or applicable law; and

     (c) shall not, except as expressly set forth herein and in the other Loan Documents,
have any duty to disclose, and shall not be liable for the failure to disclose, any
information relating to the Borrower or any of its Affiliates that is communicated to or
obtained by the Person serving as the Administrative Agent or any of its Affiliates in any
capacity.

          The Administrative Agent shall not be liable for any action taken or not taken by it (i) with
the consent or at the request of the Required Lenders (or such other number or percentage of the
Lenders as shall be necessary, or as the Administrative Agent shall believe in good faith shall be
necessary, under the circumstances as provided in Sections 10.02) or (ii) in the absence of
its own gross negligence or willful misconduct. The Administrative Agent shall be deemed not to
have knowledge of any Default unless and until notice describing such Default is given to the
Administrative Agent by the Borrower or a Lender.

          The Administrative Agent shall not be responsible for or have any duty to ascertain or inquire
into (i) any statement, warranty or representation made in or in connection with this Agreement or
any other Loan Document, (ii) the contents of any certificate, report or other document delivered
hereunder or thereunder or in connection herewith or therewith, (iii) the performance or observance
of any of the covenants, agreements or other terms or conditions set forth herein or therein or the
occurrence of any Default, (iv) the validity, enforceability, effectiveness or genuineness of this
Agreement, any other Loan Document or any other agreement, instrument or document or (v) the
satisfaction of any condition set forth in Article IV or elsewhere herein, other than to
confirm receipt of items expressly required to be delivered to the Administrative Agent.

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          Section 9.04 Reliance by Administrative Agent.

          The Administrative Agent shall be entitled to rely upon, and shall not incur any liability for
relying upon, any notice, request, certificate, consent, statement, instrument, document or other
writing (including any electronic message, Internet or intranet website posting or other
distribution) believed by it to be genuine and to have been signed, sent or otherwise authenticated
by the proper Person. The Administrative Agent also may rely upon any statement made to it orally
or by telephone and believed by it to have been made by the proper Person, and shall not incur any
liability for relying thereon. In determining compliance with any condition hereunder to the
making of a Loan that by its terms must be fulfilled to the satisfaction of a Lender, the
Administrative Agent may presume that such condition is satisfactory to such Lender unless the
Administrative Agent shall have received notice to the contrary from such Lender prior to the
making of such Loan. The Administrative Agent may consult with legal counsel (who may be counsel
for the Borrower), independent accountants and other experts selected by it, and shall not be
liable for any action taken or not taken by it in accordance with the advice of any such counsel,
accountants or experts.

          Section 9.05 Delegation of Duties. The Administrative Agent may perform any and all
of its duties and exercise its rights and powers hereunder or under any other Loan Document by or
through any one or more sub-agents appointed by the Administrative Agent. The Administrative Agent
and any such sub-agent may perform any and all of its duties and exercise its rights and powers by
or through their respective Related Parties. The exculpatory provisions of this Article shall
apply to any such sub-agent and to the Related Parties of the Administrative Agent and any such
sub-agent, and shall apply to their respective activities in connection with the syndication of the
credit facilities provided for herein as well as activities as Administrative Agent.

          Section 9.06 Resignation of Administrative Agent. The Administrative Agent may at any
time give notice of its resignation to the Lenders and the Borrower. Upon receipt of any such
notice of resignation, the Required Lenders shall have the right, subject to the consent of the
Borrower so long as no Event of Default described in Section 8.01(a), (b) or
(i) shall have occurred and be continuing (which consent shall not be unreasonably
withheld), to appoint a successor, which shall be a bank with an office in the United States, or an
Affiliate of any such bank so long as such Affiliate has an office in the United States. If no
such successor shall have been so appointed by the Required Lenders and shall have accepted such
appointment within 30 days after the retiring Administrative Agent gives notice of its resignation,
then the retiring Administrative Agent may on behalf of the Lenders, appoint a successor
Administrative Agent meeting the qualifications set forth above; provided that if the
Administrative Agent shall notify the Borrower and the Lenders that no qualifying Person has
accepted such appointment, then such resignation shall nonetheless become effective in accordance
with such notice and (1) the retiring Administrative Agent shall be discharged from its duties and
obligations hereunder and under the other Loan Documents and (2) all payments, communications and
determinations provided to be made by, to or through the Administrative Agent shall instead be made
by or to each Lender directly, until such time as the Required Lenders appoint a successor
Administrative Agent as provided for above in this Section. Upon acceptance of appointment as
Administrative Agent hereunder, such successor shall succeed to and become vested with all of the
rights, powers, privileges and duties of the retiring (or retired) Administrative Agent, and the
retiring (or

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retired) Administrative Agent shall be discharged from all of its duties and
obligations hereunder or under the other Loan Documents (if not already discharged therefrom as
provided above in this Section). The fees payable by the Borrower to a successor Administrative
Agent shall be the same as those payable to its predecessor unless otherwise agreed between the
Borrower and such successor. After the retiring Administrative Agent’s resignation hereunder and
under the other Loan Documents, the provisions of this Article and Section 10.04 shall
continue in effect for the benefit of such retiring Administrative Agent, its sub-agents and their
respective Related Parties in respect of any actions taken or omitted to be taken by any of them
while the retiring Administrative Agent was acting as Administrative Agent.

          Any resignation by Bank of America as Administrative Agent pursuant to this Section shall
also constitute its resignation as Swingline Lender. Upon the acceptance of a successor’s
appointment as Administrative Agent hereunder, (a) such successor shall succeed to and become
vested with all of the rights, powers, privileges and duties of the retiring Swingline Lender and
(b) the retiring Swingline Lender shall be discharged from all of its duties and obligations
hereunder or under the other Loan Documents.

          Section 9.07 Non-Reliance on Administrative Agent and Other Lenders. Each Lender
acknowledges that it has, independently and without reliance upon the Administrative Agent or any
other Lender or any of their Related Parties and based on such documents and information as it has
deemed appropriate, made its own credit analysis and decision to enter into this Agreement. Each
Lender also acknowledges that it will, independently and without reliance upon the Administrative
Agent or any other Lender or any of their Related Parties and based on such documents and
information as it shall from time to time deem appropriate, continue to make
its own decisions in taking or not taking action under or based upon this Agreement, any other
Loan Document or any related agreement or any document furnished hereunder or thereunder.

          Section 9.08 No Other Duties, Etc.Anything herein to the contrary notwithstanding,
none of the Bookrunners, Arrangers, Syndication Agent or Documentation Agent listed on the cover
page hereof shall have any powers, duties or responsibilities under this Agreement, except in its
capacity, as applicable, as the Administrative Agent or a Lender hereunder.

ARTICLE X

MISCELLANEOUS

          Section 10.01 Notices; Effectiveness; Electronic Communication.

          (a) Notices Generally. Except in the case of notices and other communications
expressly permitted to be given by telephone (and except as provided in subsection (b) below),
all notices and other communications provided for herein shall be in writing and shall be
delivered by hand or overnight courier service, mailed by certified or registered mail or sent
by telecopier as follows, and all notices and other communications expressly permitted hereunder
to be given by telephone shall be made to the applicable telephone number, as follows:

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          (i) if to the Borrower, the Guarantor, the Administrative Agent or the Swingline
Lender, to the address, telecopier number, electronic mail address or telephone number
specified for such Person on Schedule 10.01; and

          (ii) if to any other Lender, to the address, telecopier number, electronic mail address
or telephone number specified in its Administrative Questionnaire.

          Notices and other communications sent by hand or overnight courier service, or mailed by
certified or registered mail, shall be deemed to have been given when received; notices and other
communications sent by telecopier shall be deemed to have been given when sent (except that, if not
given during normal business hours for the recipient, shall be deemed to have been given at the
opening of business on the next business day for the recipient). Notices and other communications
delivered through electronic communications to the extent provided in subsection (b) below, shall
be effective as provided in such subsection (b).

          (b) Electronic Communications. Notices and other communications to the Lenders
hereunder may be delivered or furnished by electronic communication (including e-mail and
Internet or intranet websites) pursuant to procedures approved by the Administrative Agent,
provided that the foregoing shall not apply to notices to any Lender pursuant to
Article II if such Lender has notified the Administrative Agent that it is incapable of
receiving notices under such Article by electronic communication. The Administrative Agent or
the Borrower may, in its discretion, agree to accept notices and other communications to it
hereunder by electronic communications pursuant to procedures approved by it, provided
that approval of such procedures may be limited to particular notices or communications.

          Unless the Administrative Agent otherwise prescribes, (i) notices and other communications
sent to an e-mail address shall be deemed received upon the sender’s receipt of an acknowledgement
from the intended recipient (such as by the “return receipt requested” function, as available,
return e-mail or other written acknowledgement), provided that if such notice or other
communication is not sent during the normal business hours of the recipient, such notice or
communication shall be deemed to have been sent at the opening of business on the next business day
for the recipient, and (ii) notices or communications posted to an Internet or intranet website
shall be deemed received upon the deemed receipt by the intended recipient at its e-mail address as
described in the foregoing clause (i) of notification that such notice or communication is
available and identifying the website address therefor.

          (c) The Platform. THE PLATFORM IS PROVIDED “AS IS” AND “AS AVAILABLE.” THE AGENT
PARTIES (AS DEFINED BELOW) DO NOT WARRANT THE ACCURACY OR COMPLETENESS OF THE BORROWER MATERIALS
OR THE ADEQUACY OF THE PLATFORM, AND EXPRESSLY DISCLAIM LIABILITY FOR ERRORS IN OR OMISSIONS
FROM THE BORROWER MATERIALS. NO WARRANTY OF ANY KIND, EXPRESS, IMPLIED OR STATUTORY, INCLUDING
ANY WARRANTY OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, NON-INFRINGEMENT OF THIRD
PARTY RIGHTS OR FREEDOM FROM VIRUSES OR OTHER CODE DEFECTS, IS MADE BY ANY AGENT PARTY IN
CONNECTION WITH THE BORROWER MATERIALS OR THE PLATFORM. In no

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event shall the Administrative
Agent or any of its Related Parties (collectively, the “Agent Parties”) have any
liability to the Borrower, the Guarantor, any Lender or any other Person for losses, claims,
damages, liabilities or expenses of any kind (whether in tort, contract or otherwise) arising
out of the Borrower’s or the Administrative Agent’s transmission of Borrower Materials through
the Internet, except to the extent that such losses, claims, damages, liabilities or expenses
are determined by a court of competent jurisdiction by a final and nonappealable judgment to
have resulted from the gross negligence or willful misconduct of such Agent Party;
provided, however, that in no event shall any Agent Party have any liability to
the Borrower, the Guarantor, any Lender or any other Person for indirect, special, incidental,
consequential or punitive damages (as opposed to direct or actual damages).

          (d) Change of Address, Etc. Each of the Borrower, the Guarantor, the
Administrative Agent and the Swingline Lender may change its address, telecopier or telephone
number for notices and other communications hereunder by notice to the other parties hereto.
Each other Lender may change its address, telecopier or telephone number for notices and other
communications hereunder by notice to the Borrower, the Administrative Agent and the Swingline
Lender. In addition, each Lender agrees to notify the Administrative Agent from time to time,
at the request of the Administrative Agent, to ensure that the Administrative Agent has on
record (i) an effective address, contact name, telephone number, telecopier number and
electronic mail address to which notices and other communications may be sent and (ii) accurate
wire instructions for such Lender. Furthermore, each Public Lender agrees to cause at least one
individual at or on behalf of such Public Lender to at all times have selected the “Private Side
Information” or similar designation on the content declaration screen of the Platform in order
to enable such Public Lender or its delegate, in accordance with such Public Lender’s compliance
procedures and applicable Law, including United States Federal and state securities laws, to make
reference to Borrower Materials that are not made available through the “Public Side
Information” portion of the Platform and that may contain material non-public information with
respect to the Borrower, the Guarantor or their securities for purposes of United States Federal
or state securities laws.

          (e) Reliance by Administrative Agent and Lenders. The Administrative Agent and the
Lenders shall be entitled to rely and act upon any notices (including telephonic Committed Loan
Notices and Swingline Loan Notices) purportedly given by or on behalf of the Borrower even if
(i) such notices were not made in a manner specified herein, were incomplete or were not
preceded or followed by any other form of notice specified herein, or (ii) the terms thereof, as
understood by the recipient, varied from any confirmation thereof. The Borrower shall indemnify
the Administrative Agent, each Lender and the Related Parties of each of them from all losses,
costs, expenses and liabilities resulting from the reliance by such Person on each notice
purportedly given by or on behalf of the Borrower. All telephonic notices to and other
telephonic communications with the Administrative Agent may be recorded by the Administrative
Agent, and each of the parties hereto hereby consents to such recording.

          Section 10.02 Amendments, Etc. (a) No failure or delay by the Administrative Agent
or any Lender in exercising any right or power hereunder shall operate as a waiver

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thereof, nor shall any single or partial exercise of any such right or power, or any abandonment or
discontinuance of steps to enforce such a right or power, preclude any other or further exercise
thereof or the exercise of any other right or power. The rights and remedies of the Administrative
Agent and the Lenders hereunder are cumulative and are not exclusive of any rights or remedies that
they would otherwise have. No waiver of any provision of this Agreement or consent to any
departure by the Credit Parties therefrom shall in any event be effective unless the same shall be
permitted by Section 10.02(b), and then such waiver or consent shall be effective only in
the specific instance and for the purpose for which given. Without limiting the generality of the
foregoing, the making of a Loan shall not be construed as a waiver of any Default, regardless of
whether the Administrative Agent or any Lender may have had notice or knowledge of such Default at
the time.

          (b) Neither this Agreement nor any provision hereof may be waived, amended or modified
except pursuant to an agreement or agreements in writing entered into by the Credit Parties and
the Required Lenders or by the Credit Parties and the Administrative Agent with the consent of
the Required Lenders; provided that no such agreement shall (i) increase the Commitment
of any Lender without the written consent of such Lender, (ii) reduce the principal amount of
any Loan or reduce the rate of interest thereon, or reduce any fees payable hereunder, without
the written consent of each Lender affected thereby, (iii) postpone the scheduled date of
payment of the principal amount of any Loan, or any interest thereon, or any fees payable
hereunder, or reduce the amount of, waive or excuse any such payment, or postpone the scheduled
date of expiration of any Commitment, without the written consent of each Lender affected
thereby, (iv) change Section 2.13(b) or (c) or Section 8.03 in a manner
that would alter the pro rata sharing of payments required thereby, without the written consent
of each Lender, (v) release the guarantee contained in Article VII, without the written
consent of each Lender, (vi) waive
any of the conditions precedent to the Closing Date set forth in Section 4.01
without the written consent of each Lender or (vii) change any of the provisions of this Section
or the definition of “Required Lenders” or any other provision hereof specifying the number or
percentage of Lenders required to waive, amend or modify any rights hereunder or make any
determination or grant any consent hereunder, without the written consent of each Lender;
provided, further, that no such agreement shall amend, modify or otherwise
affect the rights or duties of the Administrative Agent or the Swingline Lender hereunder
without the prior written consent of the Administrative Agent or the Swingline Lender, as the
case may be.

          Section 10.03 Enforcement. Notwithstanding anything to the contrary contained herein
or in any other Loan Document, the authority to enforce rights and remedies hereunder and under the
other Loan Documents against the Credit Parties or any of them shall be vested exclusively in, and
all actions and proceedings at law in connection with such enforcement shall be instituted and
maintained exclusively by, the Administrative Agent in accordance with Section 8.02 for the
benefit of all the Lenders; provided, however, that the foregoing shall not
prohibit (a) the Administrative Agent from exercising on its own behalf the rights and remedies
that inure to its benefit (solely in its capacity as Administrative Agent) hereunder and under the
other Loan Documents, (b) the Swingline Lender from exercising the rights and remedies that inure
to its benefit (solely in its capacity as Swingline Lender) hereunder and under the other Loan
Documents, (c) any Lender from exercising setoff rights in accordance with Section 10.10
(subject to the terms of Section 2.13), or (d) any Lender from filing proofs of claim or
appearing

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and filing pleadings on its own behalf during the pendency of a proceeding relative to
either Credit Party under any debtor relief law; and provided, further, that if at
any time there is no Person acting as Administrative Agent hereunder and under the other Loan
Documents, then (i) the Required Lenders shall have the rights otherwise ascribed to the
Administrative Agent pursuant to Section 8.02 and (ii) in addition to the matters set forth
in clauses (b), (c) and (d) of the preceding proviso and subject to Section 2.13, any
Lender may, with the consent of the Required Lenders, enforce any rights and remedies available to
it and as authorized by the Required Lenders.

          Section 10.04 Expenses; Indemnity; Damage Waiver.

          (a) The Borrower shall pay (i) all reasonable and documented out-of-pocket expenses
incurred by the Administrative Agent and its Affiliates, including the reasonable and documented
fees, charges and disbursements of counsel for the Administrative Agent, in connection with the
syndication of the credit facilities provided for herein, the preparation and administration of
this Agreement and any amendments, modifications or waivers of the provisions hereof (whether or
not the transactions contemplated hereby or thereby shall be consummated) and (ii) all
reasonable and documented out-of-pocket expenses incurred by the Administrative Agent, or any
Lender, including the reasonable and documented fees, charges and disbursements of any counsel
for the Administrative Agent, or any Lender, in connection with the enforcement or protection of
its rights in connection with this Agreement, including its rights under this Section, or in
connection with the Loans made hereunder, including in connection with any workout,
restructuring or negotiations in respect thereof.

          (b) The Credit Parties shall jointly and severally indemnify the Administrative Agent and
each Lender, and each Related Party of any of the foregoing Persons (each such Person being
called an “Indemnitee”), against, and hold each Indemnitee harmless from, any and all
losses, claims, damages, liabilities and related expenses, including the fees, charges and
disbursements of any counsel for any Indemnitee, incurred by or asserted against any Indemnitee
arising out of, in connection with, or as a result of (i) the execution or delivery of this
Agreement or any agreement or instrument contemplated hereby, the performance by the parties
hereto of their respective obligations hereunder or the consummation of the Transactions or any
other transactions contemplated hereby, (ii) any Loan or the use of the proceeds therefrom,
(iii) any actual or alleged presence or release of Hazardous Materials on or from any property
owned or operated by any Company, or any Environmental Liability related in any way to any
Company, or (iv) any actual or prospective claim, litigation, investigation or proceeding
relating to any of the foregoing, whether based on contract, tort or any other theory and
regardless of whether any Indemnitee or any Company is a party thereto; provided that
such indemnity shall not be available to the extent that such losses, claims, damages,
liabilities or related expenses are determined by a court of competent jurisdiction by final and
nonappealable judgment to have resulted from the gross negligence or willful misconduct of such
Indemnitee or any of its Related Parties.

          (c) To the extent that either Credit Party fails to pay any amount required to be paid by
it to the Administrative Agent or the Swingline Lender under Section 10.04(a) or (b) but without
affecting such Credit Party’s reimbursement obligations with respect

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thereto, each Lender
severally agrees to pay to the Administrative Agent or the Swingline Lender, as the case may be,
such Lender’s Applicable Percentage (determined as of the time that the applicable unreimbursed
expense or indemnity payment is sought) of such unpaid amount; provided that the
unreimbursed expense or indemnified loss, claim, damage, liability or related expense, as the
case may be, was incurred by or asserted against the Administrative Agent or the Swingline
Lender in its capacity as such. The Administrative Agent or the Swingline Lender shall have the
right to deduct any amount owed to it by any Lender under this subsection (c) from any payment
made by it to such Lender hereunder.

          (d) To the extent permitted by applicable law, the Credit Parties shall not assert, and
hereby waive, any claim against any Indemnitee, on any theory of liability, for special,
indirect, consequential or punitive damages (as opposed to direct or actual damages) arising out
of, in connection with, or as a result of, this Agreement or any agreement or instrument
contemplated hereby, the Transactions, any Loan or the use of the proceeds thereof.

          (e) No Indemnitee referred to in subsection (b) above shall be liable for any damages
arising from the use by unintended recipients of any information or other materials distributed
to such unintended recipients by such Indemnitee through telecommunications, electronic or other
information transmission systems in connection with this Agreement or the other Loan Documents
or the transactions contemplated hereby or thereby other than for direct or actual damages
resulting from the gross negligence or willful misconduct of such Indemnitee as determined by a
final and nonappealable judgment of a court of competent jurisdiction.

          (f) All amounts due under this Section shall be payable promptly after written demand
therefor.

          Section 10.05 Payments Set Aside. To the extent that any payment by or on behalf of
the Borrower is made to the Administrative Agent or any Lender, or the Administrative Agent or any
Lender exercises its right of setoff, and such payment or the proceeds of such setoff or any part
thereof is subsequently invalidated, declared to be fraudulent or preferential, set aside or
required (including pursuant to any settlement entered into by the Administrative Agent or such
Lender in its discretion) to be repaid to a trustee, receiver or any other party, in connection
with any proceeding under any debtor relief law or otherwise, then (a) to the extent of such
recovery, the obligation or part thereof originally intended to be satisfied shall be revived and
continued in full force and effect as if such payment had not been made or such setoff had not
occurred, and (b) each Lender severally agrees to pay to the Administrative Agent upon demand its
applicable share (without duplication) of any amount so recovered from or repaid by the
Administrative Agent, plus interest thereon from the date of such demand to the date such payment
is made at a rate per annum equal to the Federal Funds Rate from time to time in effect. The
obligations of the Lenders under clause (b) of the preceding sentence shall survive the payment in
full of the Obligations and the termination of this Agreement.

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          Section 10.06 Successors and Assigns.

          (a) The provisions of this Agreement shall be binding upon and inure to the benefit of the
parties hereto and their respective successors and assigns permitted hereby, except that no
Credit Party may assign or otherwise transfer any of its rights or obligations hereunder without
the prior written consent of each Lender (and any attempted assignment or transfer by a Credit
Party without such consent shall be null and void). Nothing in this Agreement, expressed or
implied, shall be construed to confer upon any Person (other than the parties hereto, their
respective successors and assigns permitted hereby and, to the extent expressly contemplated
hereby, the Related Parties of each of the Administrative Agent and the Lenders) any legal or
equitable right, remedy or claim under or by reason of this Agreement.

          (b) Any Lender may assign to one or more assignees (other than a Credit Party or any of its
Affiliates or a Defaulting Lender) all or a portion of its rights and obligations under this
Agreement (including all or a portion of its Commitment and the Loans at the time owing to it);
provided that (i) each of the Borrower and the Administrative Agent (and, in the case of
an assignment of all or a portion of a Commitment or any Lender’s obligations in respect of its
risk participation in Swingline Loans, the Swingline Lender) must give its prior written consent
to such assignment (which consent shall not be unreasonably withheld), (ii) except in the case
of an assignment to a Lender or an Affiliate of a Lender or an assignment of the entire
remaining amount of the assigning Lender’s Commitment, the amount of the Commitment of the
assigning Lender subject to each such assignment (determined as of the date the Assignment and
Acceptance with respect to such assignment is delivered to the Administrative Agent) shall not
be less than $5,000,000 unless each of the Borrower and the Administrative Agent otherwise
consent, (iii) each partial assignment shall be made as an assignment of a proportionate part of
all the assigning Lender’s rights and obligations under this Agreement, (iv) the parties to each
assignment
shall execute and deliver to the Administrative Agent an Assignment and Acceptance,
together with a processing and recordation fee of $3,500, and (v) the assignee, if it shall not
be a Lender, shall deliver to the Administrative Agent an Administrative Questionnaire;
provided, further, that any consent of the Borrower otherwise required under
this subsection shall not be required if an Event of Default has occurred and is continuing.
Upon acceptance and recording pursuant to Section 10.06(d), from and after the effective
date specified in each Assignment and Acceptance, the assignee thereunder shall be a party
hereto and, to the extent of the interest assigned by such Assignment and Acceptance, have the
rights and obligations of a Lender under this Agreement, and the assigning Lender thereunder
shall, to the extent of the interest assigned by such Assignment and Acceptance, be released
from its obligations under this Agreement (and, in the case of an Assignment and Acceptance
covering all of the assigning Lender’s rights and obligations under this Agreement, such Lender
shall cease to be a party hereto but shall continue to be entitled to the benefits of
Sections 2.10, 2.11, 2.12 and 10.04). Any assignment or
transfer by a Lender of rights or obligations under this Agreement that does not comply with
this subsection shall be treated for purposes of this Agreement as a sale by such Lender of a
participation in such rights and obligations in accordance with Section 10.06(e).

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          (c) The Administrative Agent, acting for this purpose as an agent of the Borrower, shall
maintain at one of its offices in The City of New York a copy of each Assignment and Acceptance
delivered to it and a register for the recordation of the names and addresses of the Lenders,
and the Commitment of, and principal amount of the Loans owing to, each Lender pursuant to the
terms hereof from time to time (the “Register”). The entries in the Register shall be
conclusive, and each Credit Party, the Administrative Agent and the Lenders may treat each
Person whose name is recorded in the Register pursuant to the terms hereof as a Lender hereunder
for all purposes of this Agreement, notwithstanding notice to the contrary. In addition, the
Administrative Agent shall maintain on the Register information regarding the designation, and
revocation of designation, of any Lender as a Defaulting Lender.

          (d) Upon its receipt of a duly completed Assignment and Acceptance executed by an assigning
Lender and an assignee, the assignee’s completed Administrative Questionnaire (unless the
assignee shall already be a Lender hereunder), the processing and recordation fee referred to in
Section 10.06(b) and any written consent to such assignment required by Section
10.06(b), the Administrative Agent shall accept such Assignment and Acceptance and record
the information contained therein in the Register. No assignment shall be effective for
purposes of this Agreement unless it has been recorded in the Register as provided in this
subsection.

          (e) Any Lender may, without the consent of either Credit Party, the Administrative Agent or
the Swingline Lender, sell participations to one or more banks or other entities (a
“Participant”) in all or a portion of such Lender’s rights and obligations under this
Agreement (including all or a portion of its Commitment and the Loans owing to it);
provided that (i) such Lender’s obligations under this Agreement shall remain unchanged,
(ii) such Lender shall remain solely responsible to the other parties hereto for the performance
of such obligations and (iii) the Credit Parties, the Administrative Agent and the other Lenders
shall continue to deal solely and directly with such Lender in connection with
such Lender’s rights and obligations under this Agreement. Any agreement or instrument
pursuant to which a Lender sells such a participation shall provide that such Lender (rather
than its Participant) shall retain the sole right to enforce this Agreement and to approve any
amendment, modification or waiver of any provision of this Agreement; provided that such
agreement or instrument may provide that such Lender will not, without the consent of the
Participant, agree to any amendment, modification or waiver described in the first proviso to
Section 10.02(b) that affects such Participant. Subject to Section 10.06(f),
the Borrower agrees that each Participant shall be entitled to the benefits of Sections
2.10, 2.11 and 2.12 to the same extent as if it were a Lender and had acquired its
interest by assignment pursuant to Section 10.06(b).

          (f) A Participant shall not be entitled to receive any greater payment under Section
2.10 or 2.12 than the applicable Lender would have been entitled to receive with
respect to the participation sold to such Participant, unless the sale of the participation to
such Participant is made with the Borrower’s prior written consent. A Participant that would be
a Foreign Lender if it were a Lender shall not be entitled to the benefits of Section
2.12 unless the Borrower is notified of the participation sold to such Participant and such

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Participant agrees, for the benefit of the Borrower, to comply with Section 2.12(e) as
though it were a Lender.

          (g) Any Lender may at any time pledge or assign a security interest in all or any portion
of its rights under this Agreement to secure obligations of such Lender, including any such
pledge or assignment to a Federal Reserve Bank, and this Section shall not apply to any such
pledge or assignment of a security interest; provided that no such pledge or assignment
of a security interest shall release a Lender from any of its obligations hereunder or
substitute any such assignee for such Lender as a party hereto.

          (h) Notwithstanding anything to the contrary contained herein, any Lender (a “Granting
Lender”) may grant to a special purpose funding vehicle (an “SPC”), identified as
such in writing from time to time by the Granting Lender to the Administrative Agent and the
Borrower, the option to provide to the Borrower all or any part of any Loan that such Granting
Lender would otherwise be obligated to make to the Borrower pursuant to this Agreement;
provided that (i) nothing herein shall constitute a commitment by any SPC to make any
Loan and (ii) if an SPC elects not to exercise such option or otherwise fails to provide all or
any part of such Loan, the Granting Lender shall be obligated to make such Loan pursuant to the
terms hereof. The making of a Loan by an SPC hereunder shall utilize the Commitment of the
Granting Lender to the same extent, and as if, such Loan were made by such Granting Lender.
Each party hereto hereby agrees that no SPC shall be liable for any indemnity or similar payment
obligation under this Agreement (all liability for which shall remain with the Granting Lender).
In furtherance of the foregoing, each party hereto hereby agrees (which agreement shall survive
the termination of this Agreement) that, prior to the date that is one year and one day after
the payment in full of all outstanding commercial paper or other indebtedness of any SPC, it
will not institute against, or join any other person in instituting against, such SPC any
bankruptcy, reorganization, arrangement, insolvency or liquidation proceedings under the laws of
the United States or any state thereof. In addition, notwithstanding anything to the contrary
in this Section 10.04(h), any SPC may (A) with notice to, but without the prior written
consent of, the Borrower and the Administrative
Agent and without paying any processing fee therefor, assign all or a portion of its
interests in any Loans to the Granting Lender, or with the prior written consent of the Borrower
and the Administrative Agent (which consent shall not be unreasonably withheld) to any financial
institutions providing liquidity and/or credit support to or for the account of such SPC to
support the funding or maintenance of Loans, and (B) disclose on a confidential basis any
non-public information relating to its Loans to any rating agency, commercial paper dealer or
provider of any surety, guarantee or credit or liquidity enhancement to such SPC;
provided that non-public information with respect to the Borrower may be disclosed only
with the Borrower’s consent which will not be unreasonably withheld. This subsection (h) may
not be amended without the written consent of any SPC with Loans outstanding at the time of such
proposed amendment. An SPC shall not be entitled to receive any greater payment under
Section 2.10 or 2.12 than the applicable Granting Lender would have been
entitled to receive under such Sections if the Granting Lender had made the relevant credit
extension.

          (i) Notwithstanding anything to the contrary contained herein, if at any time Bank of America
assigns all of its Commitment and Loans pursuant to subsection (b) above, Bank of America may, upon
30 days’ notice to the Borrower and the Lenders, resign as

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Swingline Lender. In the event of any
such resignation as Swingline Lender, the Borrower shall be entitled to appoint from among the
Lenders a successor Swingline Lender hereunder (subject to the consent of such Lender to serve as a
successor Swingline Lender); provided, however, that no failure by the Borrower to
appoint any such successor shall affect the resignation of Bank of America as Swingline Lender. If
Bank of America resigns as Swingline Lender, it shall retain all the rights of the Swingline Lender
provided for hereunder with respect to Swingline Loans made by it and outstanding as of the
effective date of such resignation, including the right to require the Lenders to make Base Rate
Committed Loans or fund risk participations in outstanding Swingline Loans pursuant to Section
2.03(c). Upon the appointment of a successor Swingline Lender, such successor shall succeed to
and become vested with all of the rights, powers, privileges and duties of the retiring Swingline
Lender.

          (j) In connection with any assignment of rights and obligations of any Defaulting Lender
hereunder, no such assignment shall be effective unless and until, in addition to the other
conditions thereto set forth herein, the parties to the assignment shall make such additional
payments to the Administrative Agent in an aggregate amount sufficient, upon distribution
thereof as appropriate (which may be outright payment, purchases by the assignee of
participations or subparticipations, or other compensating actions, including funding, with the
consent of the Borrower and the Administrative Agent, the applicable pro rata share of Loans
previously requested but not funded by the Defaulting Lender, to each of which the applicable
assignee and assignor hereby irrevocably consent), to (x) pay and satisfy in full all payment
liabilities then owed by such Defaulting Lender to the Administrative Agent or any Lender
hereunder (and interest accrued thereon) and (y) acquire (and fund as appropriate) its full pro
rata share of all Loans and participations in Swingline Loans in accordance with its Applicable
Percentage. Notwithstanding the foregoing, in the event that any assignment of rights and
obligations of any Defaulting Lender hereunder shall become effective under applicable law
without compliance with the provisions of this subsection, then the assignee of such interest
shall be deemed to be a Defaulting Lender for all purposes of this Agreement until such
compliance occurs.

          Section 10.07 Survival. All covenants, agreements, representations and warranties
made by the Credit Parties herein and in the certificates or other instruments delivered in
connection with or pursuant to this Agreement shall be considered to have been relied upon by the
other parties hereto and shall survive the execution and delivery of this Agreement and the making
of any Loans regardless of any investigation made by any such other party or on its behalf and
notwithstanding that the Administrative Agent or any Lender may have had notice or knowledge of any
Default or incorrect representation or warranty at the time any credit is extended hereunder, and
shall continue in full force and effect as long as the principal of or any accrued interest on any
Loan or any fee or any other amount payable under this Agreement is outstanding and unpaid and so
long as the Commitments have not expired or terminated. The provisions of Sections 2.10,
2.11, 2.12, 10.04 and 10.05(b) and Article IX shall survive
and remain in full force and effect regardless of the consummation of the transactions contemplated
hereby, the repayment of the Loans, the expiration or termination of the Commitments or the
termination of this Agreement or any provision hereof.

          Section 10.08 Counterparts; Integration; Effectiveness. This Agreement may be
executed in counterparts (and by different parties hereto in different counterparts), each of which

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shall constitute an original, but all of which when taken together shall constitute a single
contract. This Agreement and the other Loan Documents constitute the entire contract among the
parties relating to the subject matter hereof and supersede any and all previous agreements and
understandings, oral or written, relating to the subject matter hereof. Except as provided in
Section 4.01, this Agreement shall become effective when it shall have been executed by the
Administrative Agent and when the Administrative Agent shall have received counterparts hereof
that, when taken together, bear the signatures of each of the other parties hereto and thereafter
shall be binding upon and inure to the benefit of the parties hereto and their respective
successors and assigns. Delivery of an executed counterpart of a signature page of this Agreement
by telecopy or other electronic imaging means shall be effective as delivery of a manually executed
counterpart of this Agreement.

          Section 10.09 Severability. Any provision of this Agreement held to be invalid,
illegal or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the
extent of such invalidity, illegality or unenforceability without affecting the validity, legality
and enforceability of the remaining provisions hereof; and the invalidity of a particular provision
in a particular jurisdiction shall not invalidate such provision in any other jurisdiction.
Without limiting the foregoing provisions of this Section 10.09, if and to the extent that
the enforceability of any provisions in this Agreement relating to Defaulting Lenders shall be
limited by debtor relief laws, as determined in good faith by the Administrative Agent or the
Swingline Lender, as applicable, then such provisions shall be deemed to be in effect only to the
extent not so limited.

          Section 10.10 Right of Setoff. If an Event of Default shall have occurred and be
continuing, each Lender is hereby authorized at any time and from time to time, to the fullest
extent permitted by law, to set off and apply any and all deposits (general or special, time or
demand, provisional or final) at any time held and other indebtedness at any time owing by such
Lender to or for the credit or the account of either Credit Party against any of and all the
obligations of such Credit Party now or hereafter existing under this Agreement held by such
Lender, irrespective of whether or not such Lender shall have made any demand under this Agreement
and although such obligations may be unmatured; provided, that in the event that any
Defaulting Lender shall exercise any such right of setoff, (x) all amounts so set off shall be
paid over immediately to the Administrative Agent for further application in accordance with the
provisions of Section 2.17 and, pending such payment, shall be segregated by such
Defaulting Lender from its other funds and deemed held in trust for the benefit of the
Administrative Agent and the Lenders, and (y) the Defaulting Lender shall provide promptly to the
Administrative Agent a statement describing in reasonable detail the Obligations owing to such
Defaulting Lender as to which it exercised such right of setoff. The rights of each Lender under
this Section are in addition to other rights and remedies (including other rights of setoff) which
such Lender may have.

          Section 10.11 Governing Law; Jurisdiction; Etc.

          (a) GOVERNING LAW. THIS AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED IN
ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK.

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          (b) SUBMISSION TO JURISDICTION. EACH CREDIT PARTY IRREVOCABLY AND UNCONDITIONALLY
SUBMITS, FOR ITSELF AND ITS PROPERTY, TO THE NONEXCLUSIVE JURISDICTION OF THE COURTS OF THE
STATE OF NEW YORK SITTING IN NEW YORK COUNTY AND OF THE UNITED STATES DISTRICT COURT OF THE
SOUTHERN DISTRICT OF NEW YORK, AND ANY APPELLATE COURT FROM ANY THEREOF, IN ANY ACTION OR
PROCEEDING ARISING OUT OF OR RELATING TO THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT, OR FOR
RECOGNITION OR ENFORCEMENT OF ANY JUDGMENT, AND EACH OF THE PARTIES HERETO IRREVOCABLY AND
UNCONDITIONALLY AGREES THAT ALL CLAIMS IN RESPECT OF ANY SUCH ACTION OR PROCEEDING MAY BE HEARD
AND DETERMINED IN SUCH NEW YORK STATE COURT OR, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE
LAW, IN SUCH FEDERAL COURT. EACH OF THE PARTIES HERETO AGREES THAT A FINAL JUDGMENT IN ANY SUCH
ACTION OR PROCEEDING SHALL BE CONCLUSIVE AND MAY BE ENFORCED IN OTHER JURISDICTIONS BY SUIT ON
THE JUDGMENT OR IN ANY OTHER MANNER PROVIDED BY LAW. NOTHING IN THIS AGREEMENT SHALL AFFECT ANY
RIGHT THAT THE ADMINISTRATIVE AGENT OR ANY LENDER MAY OTHERWISE HAVE TO BRING ANY ACTION OR
PROCEEDING RELATING TO THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT AGAINST EITHER CREDIT PARTY OR
ITS PROPERTIES IN THE COURTS OF ANY JURISDICTION.

          (c) WAIVER OF VENUE. EACH CREDIT PARTY IRREVOCABLY AND UNCONDITIONALLY WAIVES, TO
THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY OBJECTION THAT IT MAY NOW OR HEREAFTER HAVE
TO THE LAYING OF VENUE OF ANY ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO THIS AGREEMENT
OR ANY OTHER LOAN DOCUMENT IN ANY COURT REFERRED TO IN SECTION 10.11(b). EACH OF THE
PARTIES HERETO HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, THE
DEFENSE OF AN INCONVENIENT FORUM TO THE MAINTENANCE OF SUCH ACTION OR PROCEEDING IN ANY SUCH
COURT.

          (d) SERVICE OF PROCESS. EACH PARTY HERETO IRREVOCABLY CONSENTS TO SERVICE OF
PROCESS IN THE MANNER PROVIDED FOR NOTICES IN SECTION 10.01. NOTHING IN THIS AGREEMENT
WILL AFFECT THE RIGHT OF ANY PARTY HERETO TO SERVE PROCESS IN ANY OTHER MANNER PERMITTED BY
APPLICABLE LAW.

          Section 10.12 Waiver of Jury Trial. EACH PARTY HERETO HEREBY IRREVOCABLY WAIVES, TO
THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN ANY
LEGAL PROCEEDING DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING TO THIS AGREEMENT OR ANY OTHER
LOAN DOCUMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY (WHETHER BASED ON CONTRACT, TORT
OR ANY OTHER THEORY). EACH PARTY HERETO (A) CERTIFIES THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF
ANY OTHER PERSON HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PERSON WOULD

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NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER AND (B) ACKNOWLEDGES THAT IT AND THE
OTHER PARTIES HERETO HAVE BEEN INDUCED TO ENTER INTO THIS AGREEMENT AND THE OTHER LOAN DOCUMENTS
BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION.

          Section 10.13 Treatment of Certain Information; Confidentiality. Each of the
Administrative Agent and the Lenders agrees to maintain the confidentiality of the Information (as
defined below), except that Information may be disclosed (a) to its Affiliates and to its and its
Affiliates’ respective partners, directors, officers, employees, agents, trustees, advisors and
representatives (it being understood that the Persons to whom such disclosure is made will be
informed of the confidential nature of such Information and instructed to keep such Information
confidential), (b) to the extent requested by any regulatory authority purporting to have
jurisdiction over it or its Affiliates (including any self-regulatory authority, such as the
National Association of Insurance Commissioners), (c) to the extent required by applicable laws or
regulations or by any subpoena or similar legal process, (d) to any other party to this Agreement,
(e) in connection with the exercise of any remedies hereunder or any suit, action or proceeding
relating to this Agreement or the enforcement of rights hereunder, (f) subject to an agreement
containing provisions substantially the same as those of this Section, to any assignee of or
Participant in, or any prospective assignee of or Participant in, any of its rights or obligations
under this Agreement, (g) with the consent of the Borrower or (h) to the extent such Information
(x) becomes publicly available other than as a result of a breach of this Section or (y) becomes
available to the Administrative Agent, any Lender or any of their respective Affiliates on a
nonconfidential basis from a source other than either Credit Party. For the purposes of this
Section, “Information” means all information received from any Company relating to any
Company or its business, other than any such information that is available to the Administrative
Agent or any Lender on a nonconfidential basis prior to disclosure by such Company;
provided that, in the case of information received from any Company after the date hereof,
such information is clearly identified at the time of delivery as confidential. Any Person
required to maintain the confidentiality of Information as provided in this Section shall be
considered to have complied with its obligation to do so if such Person has exercised the same
degree of care to maintain the confidentiality of such Information as such Person would accord to its own
confidential information.

          Each of the Administrative Agent and each Lender acknowledges that (a) the Information may
include material non-public information concerning any Company, (b) it has developed compliance
procedures regarding the use of material non-public information and (c) it will handle such
material non-public information in accordance with applicable law, including United States Federal
and state securities laws.

          Section 10.14 Interest Rate Limitation. Notwithstanding anything herein to the
contrary, if at any time the interest rate applicable to any Loan, together with all fees, charges
and other amounts which are treated as interest on such Loan under applicable law (collectively the
“Charges”), shall exceed the maximum lawful rate (the “Maximum Rate”) which may be
contracted for, charged, taken, received or reserved by the Lender holding such Loan in accordance
with applicable law, the rate of interest payable in respect of such Loan hereunder, together with
all Charges payable in respect thereof, shall be limited to the Maximum Rate and,

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to the extent lawful, the interest and Charges that would have been payable in respect of such Loan but were not
payable as a result of the operation of this Section shall be cumulated and the interest and
Charges payable to such Lender in respect of other Loans or periods shall be increased (but not
above the Maximum Rate therefor) until such cumulated amount, together with interest thereon at the
Federal Funds Effective Rate to the date of repayment, shall have been received by such Lender.

          Section 10.15 No Advisory or Fiduciary Responsibility. In connection with all aspects
of each transaction contemplated hereby (including in connection with any amendment, waiver or
other modification hereof or of any other Loan Document), each Credit Party acknowledges and agrees
that: (i) (A) the arranging and other services regarding this Agreement provided by the
Administrative Agent, the Lenders and the Arrangers are arm’s-length commercial transactions
between the Credit Parties and their Affiliates, on the one hand, and the Administrative Agent, the
Lenders and the Arrangers, on the other hand, (B) each of the Credit Parties has consulted its own
legal, accounting, regulatory and tax advisors to the extent it has deemed appropriate, and (C)
each Credit Party is capable of evaluating, and understands and accepts, the terms, risks and
conditions of the transactions contemplated hereby and by the other Loan Documents; (ii) (A) each
of the Administrative Agent, each Lender and each Arranger is and has been acting solely as a
principal and, except as expressly agreed in writing by the relevant parties, has not been, is not,
and will not be acting as an advisor, agent or fiduciary for either Credit Party or any of its
Affiliates, or any other Person and (B) none of the Administrative Agent, any Lender or any
Arranger has any obligation to the Credit Parties or any of their Affiliates with respect to the
transactions contemplated hereby except those obligations expressly set forth herein and in the
other Loan Documents; and (iii) the Administrative Agent and the Arrangers and their respective
Affiliates may be engaged in a broad range of transactions that involve interests that differ from
those of the Credit Parties and their respective Affiliates, and none of the Administrative Agent,
any Lender or any Arranger has any obligation to disclose any of such interests to the Credit
Parties or their Affiliates. To the fullest extent permitted by law, each of the Credit Parties
hereby waives and releases any claims that it may have against the Administrative Agent, the
Lenders and the Arrangers with respect to any breach or alleged
breach of agency or fiduciary duty in connection with any aspect of any transaction
contemplated hereby.

          Section 10.16 Electronic Execution of Assignments and Certain Other Documents. The
words “execution,” “signed,” “signature,” and words of like import in any Assignment and Acceptance
or in any amendment or other modification hereof (including waivers and consents) shall be deemed
to include electronic signatures or the keeping of records in electronic form, each of which shall
be of the same legal effect, validity or enforceability as a manually executed signature or the use
of a paper-based recordkeeping system, as the case may be, to the extent and as provided for in any
applicable law, including the Federal Electronic Signatures in Global and National Commerce Act,
the New York State Electronic Signatures and Records Act, or any other similar state laws based on
the Uniform Electronic Transactions Act.

          Section 10.17 Termination of Existing Agreements.

          The Lenders that are parties to either Existing Agreement (and which constitute “Required
Lenders” under and as defined in such Existing Agreement) hereby waive the any

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notice requirement set forth in such Existing Agreement for terminating the commitments under such Existing Agreement,
and such Lenders and the Borrower agree that, subject to the Borrower’s payment of all amounts then
payable under such Existing Agreement (whether or not then due), the commitments under such
Existing Agreement shall be terminated on the Closing Date. After the termination of such
commitments, such Existing Agreement shall be of no further force or effect (except for provisions
thereof which by their terms survive termination thereof).

          Section 10.18 USA PATRIOT Act. Each Lender that is subject to the Act (as hereinafter
defined) and the Administrative Agent (for itself and not on behalf of any Lender) hereby notifies
the Borrower that pursuant to the requirements of the USA PATRIOT Act (Title III of Pub. L. 107-56
(signed into law October 26, 2001)) (the “Act”), it is required to obtain, verify and
record information that identifies the Borrower, which information includes the name and address of
the Borrower and other information that will allow such Lender or the Administrative Agent, as
applicable, to identify the Borrower in accordance with the Act. The Borrower shall, promptly
following a request by the Administrative Agent or any Lender, provide all documentation and other
information that the Administrative Agent or such Lender requests in order to comply with its
ongoing obligations under applicable “know your customer” and anti-money laundering rules and
regulations, including the Act.

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          IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly executed as of
the date first above written.

	 	 	 	 	 
	 	

BLOCK FINANCIAL LLC

 	 
	 	By:  	/s/ Becky S. Shulman
 	 
	 	 	Becky S. Shulman, President and  	 
	 	 	Chief Financial Officer 	 
	 

	 	 	 	 	 
	 	

H&R BLOCK, INC.

 	 
	 	By:  	/s/ Becky S. Shulman
 	 
	 	 	Becky S. Shulman, Senior Vice President and  	 
	 	 	Chief Financial Officer 	 
	 

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	 	BANK OF AMERICA, N.A., as Administrative Agent

 	 
	 	By:  	/s/ Aamir Saleem
 	 
	 	 	Aamir Saleem 	 
	 	 	Vice President 	 
	 

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	 	BANK OF AMERICA, N.A., as a Lender and

Swingline Lender

 	 
	 	By:  	/s/ James H. Harper
 	 
	 	 	James H. Harper 	 
	 	 	Vice President 	 
	 

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WELLS FARGO BANK, NATIONAL ASSOCIATION, as a
Lender

 	 
	 	By:  	/s/ Barbara Van Meerten
 	 
	 	 	Barbara Van Meerten 	 
	 	 	Director 	 
	 

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	 	BNP PARIBAS, as a Lender

 	 
	 	By:  	/s/ Scott Tricarico
 	 
	 	 	Scott Tricarico 	 
	 	 	Vice President 	 
	 

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	 	COMPASS BANK, as a Lender

 	 
	 	By:  	/s/ Ramon Garcia
 	 
	 	 	Ramon Garcia 	 
	 	 	Vice President 	 
	 

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	 	CREDIT AGRICOLE CORPORATE & INVESTMENT BANK,
as a Lender

 	 
	 	By:  	/s/ Corey Billups
 	 
	 	 	Corey Billups 	 
	 	 	Managing Director 	 
	 
	 	 	 
	 	By:  	                        /s/ Blake Wright
 	 
	 	 	Blake Wright 	 
	 	 	Managing Director 	 
	 

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	 	DEUTSCHE BANK AG NEW YORK 

BRANCH, as a Lender

 	 
	 	By:  	/s/ Frederick W. Laird
 	 
	 	 	Frederick W. Laird 	 
	 	 	Managing Director 	 
	 
	 	 	 
	 	By:  	
/s/ Heidi Sandquist
 	 
	 	 	Heidi Sandquist 	 
	 	 	Director 	 
	 

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	 	SCOTIABANC INC., 
as a
 Lender

 	 
	 	By:  	/s/ J. F. Todd
 	 
	 	 	J. F. Todd 	 
	 	 	Managing Director 	 
	 
	 	THE BANK OF NOVA SCOTIA, as a Lender

 	 
	 	By:  	/s/ Todd S. Meller
 	 
	 	 	Todd S. Meller 	 
	 	 	Managing Director 	 
	 

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	 	SUNTRUST BANK, as a Lender

 	 
	 	By:  	/s/ K. Scott Bazemore
 	 
	 	 	K. Scott Bazemore 	 
	 	 	Vice President 	 
	 

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	 	TORONTO DOMINION (NEW YORK) 

LLC, as a Lender

 	 
	 	By:  	/s/ Debbi L. Brito
 	 
	 	 	Debbi L. Brito 	 
	 	 	Authorized Signatory 	 
	 

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	 	THE BANK OF TOKYO MITSUBISHI 

UFJ, LTD., as a
Lender

 	 
	 	By:  	/s/ Christine Howatt
 	 
	 	 	Christine Howatt 	 
	 	 	Authorized Signatory 	 
	 

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	 	CIBC INC., as a Lender

 	 
	 	By:  	/s/ Dominic J. Sorresso
 	 
	 	 	Dominic J. Sorresso 	 
	 	 	Executive Director

CIBC World Markets Corp.

Authorized Signatory 	 
	 

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	 	COMERICA BANK, as a Lender

 	 
	 	By:  	                    /s/ Mark J. Leveille
 	 
	 	 	Mark J. Leveille 	 
	 	 	Vice President 	 
	 

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	 	U.S. BANK NATIONAL ASSOCIATION, 

as a Lender

 	 
	 	By:  	/s/ Gaylen Frazier
 	 
	 	 	Gaylen Frazier 	 
	 	 	A.V.P. 	 
	 

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	 	KEYBANK, NATIONAL ASSOCIATION,

as a Lender

 	 
	 	By:  	/s/ David M. Morris
 	 
	 	 	David M. Morris 	 
	 	 	Vice President 	 
	 

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	 	PNC BANK NATIONAL ASSOCIATION,

as a Lender

 	 
	 	By:  	/s/ D. R. Mitchell
 	 
	 	 	D. R. Mitchell 	 
	 	 	EVP 	 
	 

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	 	ROYAL BANK OF CANADA,

as a Lender

 	 
	 	By:  	/s/ Nicholas J. Woyevodsky
 	 
	 	 	Nicholas J. Woyevodsky 	 
	 	 	Attorney-In-Fact

Royal Bank of Canada 	 
	 

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	 	UBS LOAN FINANCE LLC, as a Lender

 	 
	 	By:  	/s/ Irja R. Otsa
 	 
	 	 	Irja R. Otsa 	 
	 	 	Associate Director 	 
	 
	 	 	 
	 	By:  	                        /s/ Mary E. Evans
 	 
	 	 	Mary E. Evans 	 
	 	 	Associate Director 	 
	 

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	 	GOLDMAN SACHS BANK USA,

as a Lender

 	 
	 	By:  	/s/ Mark Walton
 	 
	 	 	Mark Walton 	 
	 	 	Authorized Signatory 	 
	 

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	 	BRANCH BANKING AND TRUST 

COMPANY, as a Lender

 	 
	 	By:  	/s/ Roberts A. Bass
 	 
	 	 	Roberts A. Bass 	 
	 	 	Senior Vice President 	 
	 

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	 	FIFTH THIRD BANK, as a Lender

 	 
	 	By:  	/s/ Tim Adair
 	 
	 	 	Tim Adair 	 
	 	 	Assistant Vice President 	 
	 

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	 	SUMITOMO MITSUI BANKING 

CORPORATION, as a
Lender

 	 
	 	By:  	/s/ William M. Ginn
 	 
	 	 	William M. Ginn 	 
	 	 	Executive Director 	 
	 

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	 	UMB BANK, N.A. as a Lender

 	 
	 	By:  	/s/ Martin Nay
 	 
	 	 	Martin Nay 	 
	 	 	Senior Vice President 	 
	 

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	 	THE BANK OF EAST ASIA, LIMITED, 

NEW YORK
BRANCH, as a Lender

 	 
	 	By:  	/s/ Kenneth Pettis
 	 
	 	 	Kenneth Pettis 	 
	 	 	Senior Vice President 	 
	 
	 	 	 
	 	By:  	                         /s/ Kitty Sin
 	 
	 	 	Kitty Sin 	 
	 	 	Senior Vice President 	 
	 

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	 	COMMERCE BANK N.A., as a Lender

 	 
	 	By:  	/s/ David C. Enslen
 	 
	 	 	David C. Enslen 	 
	 	 	Senior Vice President 	 
	 

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	 	TAIPEI FUBON COMMERCIAL 

BANK, as a Lender

 	 
	 	By:  	/s/ Michael Tan
 	 
	 	 	Michael Tan 	 
	 	 	VP and DGM 	 
	 

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SCHEDULE 2.01

COMMITMENTS

AND APPLICABLE PERCENTAGES

	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Applicable
	Lender	 	Commitment	 	Percentage
	Bank of America, N.A.
	 	$	150,000,000	 	 	 	8.82352941	%
	BNP Paribas
	 	$	150,000,000	 	 	 	8.82352941	%
	Wells Fargo Bank, National Association
	 	$	150,000,000	 	 	 	8.82352941	%
	Compass Bank
	 	$	100,000,000	 	 	 	5.88235294	%
	Credit Agricole Corporate &
Investment Bank
	 	$	100,000,000	 	 	 	5.88235294	%
	Deutsche Bank AG New York Branch
	 	$	100,000,000	 	 	 	5.88235294	%
	Scotiabanc Inc.
	 	$	50,000,000	 	 	 	2.94117647	%
	The Bank of Nova Scotia
	 	$	50,000,000	 	 	 	2.94117647	%
	SunTrust Bank
	 	$	100,000,000	 	 	 	5.88235294	%
	Toronto Dominion (New York) LLC
	 	$	100,000,000	 	 	 	5.88235294	%
	The Bank Of Tokyo Mitsubishi UFJ, Ltd.
	 	$	75,000,000	 	 	 	4.41176471	%
	CIBC Inc.
	 	$	75,000,000	 	 	 	4.41176471	%
	Comerica Bank
	 	$	75,000,000	 	 	 	4.41176471	%
	U.S. Bank National Association
	 	$	75,000,000	 	 	 	4.41176471	%
	KeyBank, National Association
	 	$	50,000,000	 	 	 	2.94117647	%
	PNC Bank National Association
	 	$	50,000,000	 	 	 	2.94117647	%
	Royal Bank of Canada
	 	$	50,000,000	 	 	 	2.94117647	%
	UBS Loan Finance LLC
	 	$	50,000,000	 	 	 	2.94117647	%
	Goldman Sachs Bank USA
	 	$	30,000,000	 	 	 	1.76470588	%
	Branch Banking and Trust Company
	 	$	25,000,000	 	 	 	1.47058824	%
	Fifth Third Bank
	 	$	25,000,000	 	 	 	1.47058824	%
	Sumitiomo Mitsui Banking Corporation
	 	$	25,000,000	 	 	 	1.47058824	%
	UMB Bank, N.A.
	 	$	15,000,000	 	 	 	0.88235294	%
	The Bank of East Asia, Limited, New
York Branch
	 	$	10,000,000	 	 	 	0.58823529	%
	Commerce Bank N.A.
	 	$	10,000,000	 	 	 	0.58823529	%
	Taipei Fubon Commercial Bank
	 	$	10,000,000	 	 	 	0.58823529	%
	 
	 	 	 	 	 	 	 	 
	Total 
	 	$	1,700,000,000	 	 	 	100.00000000	%

1

 

SCHEDULE 3.04(a)

Guarantee Obligations

None.

1

 

SCHEDULE 3.06

Disclosed Matters

None.

2

 

SCHEDULE 3.13

Subsidiaries

     The following is a list of the direct and indirect subsidiaries of H&R Block, Inc., a
Missouri corporation.

	 	 	 
	Company Name	 	Domestic Jurisdiction
	Aculink Mortgage Solutions, LLC

	 	Florida
	AcuLink of Alabama, LLC

	 	Alabama
	Ada Services Corporation

	 	Massachusetts
	BFC Transactions, Inc.

	 	Delaware
	Birchtree Financial Services, Inc.

	 	Oklahoma
	Birchtree Insurance Agency, Inc.

	 	Missouri
	Block Financial LLC

	 	Delaware
	CFS-McGladrey, LLC

	 	Massachusetts
	Cfstaffing, Ltd.

	 	British Columbia
	Cityfront, Inc.

	 	Delaware
	Companion Insurance, Ltd.

	 	Bermuda
	Companion Mortgage Corporation

	 	Delaware
	Creative Financial Staffing of Western Washington, LLC

	 	Massachusetts
	EquiCo, Inc.

	 	California
	Express Tax Service, Inc.

	 	Delaware
	Financial Marketing Services, Inc.

	 	Michigan
	Financial Stop Inc.

	 	British Columbia
	FM Business Services, Inc.

	 	Delaware
	Franchise Partner, Inc.

	 	Nevada
	H&R Block (India) Private Limited

	 	India
	H&R Block (Nova Scotia), Incorporated

	 	Nova Scotia
	H&R Block Bank

	 	Missouri
	H&R Block Canada Financial Services, Inc.

	 	Federally Chartered
	H&R Block Canada, Inc.

	 	Federally Chartered
	H&R Block Eastern Enterprises, Inc.

	 	Missouri
	H&R Block Enterprises LLC

	 	Missouri
	H&R Block Global Solutions (Hong Kong) Limited

	 	Hong Kong
	H&R Block Group, Inc.

	 	Delaware
	H&R Block Insurance Agency, Inc.

	 	Delaware
	H&R Block Limited

	 	New South Wales
	H&R Block Management, LLC

	 	Delaware
	H&R Block Tax and Business Services, Inc.

	 	Delaware
	H&R Block Tax Institute, LLC

	 	Missouri
	H&R Block Tax Services LLC

	 	Missouri
	H&R Block, Inc.

	 	Missouri
	HRB Advance LLC

	 	Delaware
	HRB Center LLC

	 	Missouri

3

 

	 	 	 
	Company Name	 	Domestic Jurisdiction
	HRB Concepts LLC

	 	Delaware
	HRB Corporate Enterprises LLC

	 	Delaware
	HRB Corporate Services LLC

	 	Missouri
	HRB Digital LLC

	 	Delaware
	HRB Digital Technology Resources LLC

	 	Delaware
	HRB Expertise LLC

	 	Missouri
	HRB Flint Hills LLC

	 	Missouri
	HRB Innovations, Inc.

	 	Delaware
	HRB International LLC

	 	Missouri
	HRB Products LLC

	 	Missouri
	HRB Support Services LLC

	 	Delaware
	HRB Tax & Technology Leadership LLC

	 	Missouri
	HRB Tax Group, Inc.

	 	Missouri
	HRB Technology Holding LLC

	 	Delaware
	HRB Technology LLC

	 	Missouri
	McGladrey Capital Markets Canada Inc.

	 	Federally Chartered
	McGladrey Capital Markets Europe Limited

	 	United Kingdom
	McGladrey Capital Markets LLC

	 	Delaware
	OOMC Holdings LLC

	 	Delaware
	OOMC Residual Corporation

	 	New York
	O’Rourke Career Connections, LLC

	 	California
	Pension Resources, Inc.

	 	Illinois
	Provident Mortgage Services, Inc.

	 	Delaware
	RedGear Technologies, Inc.

	 	Missouri
	RSM Employer Services Agency of Florida, Inc.

	 	Florida
	RSM Employer Services Agency, Inc.

	 	Georgia
	RSM EquiCo, Inc.

	 	Delaware
	RSM McGladrey Business Services, Inc.

	 	Delaware
	RSM McGladrey Business Solutions, Inc.

	 	Delaware
	RSM McGladrey Employer Services, Inc.

	 	Georgia
	RSM McGladrey Insurance Services, Inc.

	 	Delaware
	RSM McGladrey TBS, LLC

	 	Delaware
	RSM McGladrey, Inc.

	 	Delaware
	Sand Canyon Acceptance Corporation

	 	Delaware
	Sand Canyon Corporation

	 	California
	Sand Canyon Securities Corp.

	 	Delaware
	Sand Canyon Securities II Corp.

	 	Delaware
	Sand Canyon Securities III Corp.

	 	Delaware
	Sand Canyon Securities IV LLC

	 	Delaware
	ServiceWorks, Inc.

	 	Delaware
	TaxNet Inc.

	 	California
	TaxWorks, Inc.

	 	Delaware
	West Estate Investors, LLC

	 	Missouri
	Woodbridge Mortgage Acceptance Corporation

	 	Delaware

4

 

SCHEDULE 6.02

Existing Indebtedness

None.

5

 

SCHEDULE 6.03

Existing Liens

	 	•	 	Existing liens on copiers, telephone and computer equipment and other specifically
identified equipment (and proceeds thereof, accessions thereto and other related property)
in favor of sellers, lessors or financers thereof.
 
	 	•	 	Liens related to the following UCC financing statements.

	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	General description
	Debtor	 	Secured Party	 	State	 	File No.	 	File Date	 	of Collateral
	Companion Mortgage Corporation

	 	JPMorgan Chase
Bank, NA
	 	DE
	 	 	53688620	 	 	11/30/2005 (amended 11/30/05)
	 	A/R and proceeds;
Negotiable
instruments and
proceeds
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	H&R Block Bank

	 	Federal Home Loan
Bank of Des Moines
	 	MO
	 	 	20060060533G	 	 	5/31/2006 (amended 12/18/06, 4/9/09)
	 	Accounts and
proceeds; Negotiable
instruments and
proceeds
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	H&R Block Bank

	 	Kennedy, Harold Elton
	 	MO
	 	 	20090112360F	 	 	11/17/2009
	 	Notice of Bailment
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	H&R Block Bank

	 	Fannie Mae
	 	MO
	 	 	20070130050K	 	 	11/26/2007
	 	All loans and other
property sold or
assigned to Secured
Party by Debtor
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	H&R Block Bank

	 	Federal Reserve
Bank of Kansas
City
	 	MO
	 	 	20080100822E	 	 	9/16/2008
	 	All accounts, chattel
paper and other
property assigned to
Secured Party by
Debtor
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	RSM McGladrey
Employer
Services, Inc.

	 	RSM McGladrey
Business Services,
Inc.
	 	GA
	 	 	6005006544	 	 	5/27/2005
	 	Contracts specified in
asset purchase
agreement and
property related
thereto
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	RSM McGladrey,
Inc.

	 	GreatAmerica Leasing Corporation
	 	DE
	 	 	20091076360	 	 	4/4/2009
	 	Specific software and
related property
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	H&R Block
Eastern
Enterprises, Inc.

	 	Pantops Shopping

Center I, LLC
	 	MO
	 	 	20070143525M	 	 	12/31/2007
	 	Property of Debtor at
specific location in
Albermarle County,
VA
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	H&R Block
Eastern
Enterprises, Inc.

	 	Village at Time Corners, LP
	 	MO
	 	 	20090076200H	 	 	8/13/2004 (in lieu)
	 	Property of Debtor at
specific location in Ft.
Wayne, IN
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	H&R Block Enterprises LLC

	 	Iskum II, LLC
	 	MO
	 	 	20090105920K	 	 	11/3/2004
	 	Property of Debtor at
specific location in
Salem, OR
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	H&R Block, Inc.

	 	TUO-Houston Long

Point, LLC
	 	MO
	 	 	20080113972E	 	 	10/23/2008
	 	Property of Debtor at
specific location in
Houston, TX

6

 

SCHEDULE 6.04(b)

Additional Businesses

	 	•	 	Businesses that offer products and services typically provided by finance companies,
banks and other financial service providers, including consumer finance and mortgage-loan
related products and services, credit products, insurance products, check cashing,
money orders, wire transfers, stored value cards, bill payment services, notary services
and similar products and services.
 
	 	•	 	Businesses that offer financial, or financial-related, products and services that can be marketed,
provided or distributed by leveraging the retail locations of Guarantor’s Subsidiaries or the relationships of such Subsidiaries with
their clients as a tax return preparer or financial advisor or service provider.
 

7

 

SCHEDULE 6.06

Existing Restrictions

	 	•	 	Indenture dated as of October 20, 1997 (the “October 20, 1997 Indenture”), by and
between the Credit Parties and Deutsche Bank Trust Company Americas (f/k/a Bankers Trust
Company) (the “First Trustee”), along with the:

	 	1.	 	The First Supplemental Indenture dated as of April 18, 2000,
among the Credit Parties, the First Trustee and The Bank of New York, as
separate trustee under the Indenture;
	 
	 	2.	 	The Officers’ Certificate of the Borrower dated October 26,
2004 establishing the terms of the Borrower’s 5.125% Notes due 2014, which are
guaranteed by the Guarantor pursuant to the guarantees endorsed on said Notes;
and
	 
	 	3.	 	The Officers’ Certificate of the Borrower dated January 11,
2008 establishing the terms of the Borrower’s 7.875% Notes due 2013, which are
guaranteed by the Guarantor pursuant to the guarantees endorsed on said Notes.

	 	•	 	Certain Subsidiaries must maintain capital requirements which could impair their ability
to pay dividends or other distributions.
	 
	 	•	 	Credit and Guarantee Agreement dated as of January 12, 2010, among the Borrower, the
Guarantor and HSBC Bank USA, National Association.

8

 

SCHEDULE 10.01

ADMINISTRATIVE AGENT’S OFFICE;

CERTAIN ADDRESSES FOR NOTICES

BORROWER or GUARANTOR:

Block Financial LLC

H&R Block, Inc.

One H&R Block Way

Kansas City, Missouri 64105

Attention: Andrew Somora

Telephone: 816 854-4529

Telecopier: 816 802-1043

Electronic Mail: ASomora@HRBlock.com

and

Attention: Vince Clark

Telephone: 816 854-5559

Telecopier: 816 854-8045

Electronic Mail: Vince.Clark@HRBlock.com

Website Address: www.HRBlock.com

U.S. Taxpayer Identification Number: 52-1781495 (Borrower)/ 44-0607856 (Guarantor)

ADMINISTRATIVE AGENT:

Administrative Agent’s Office

(for payments and Requests for Loans):

Bank of America, N.A.

101 N. Tryon Street

Mail Code: NC1-001-04-39

Charlotte, NC 28255-0001

Attention: Robert Garvey

Telephone: 980-387-9468

Telecopier: 617-310-3288

Electronic Mail: robert.garvey@baml.com

Account No.: 1366212250600

Ref: BLOCK FINANCIAL LLC

ABA# 026009593

Other Notices as Administrative Agent:

Bank of America, N.A.

Agency Management

1455 Market Street

Mail Code: CA5-701-05-19

San Francisco, CA 94103-1399

1

 

Attention: AAmir Saleem

Telephone: 415-436-2769

Telecopier: 415-503-5089

Electronic Mail: aamir.saleem@baml.com

SWINGLINE LENDER:

Bank of America, N.A.

101 N. Tryon Street

Mail Code: NC1-001-04-39

Charlotte, NC 28255-0001

Attention: Robert Garvey

Telephone: 980-387-9468

Telecopier: 617-310-3288

Electronic Mail: robert.garvey@baml.com

Account No.: 1366212250600

Ref: BLOCK FINANCIAL LLC

ABA# 026009593

2

 

EXHIBIT A

FORM OF COMMITTED LOAN NOTICE

Date:                     , ___

To: Bank of America, N.A., as Administrative Agent

Ladies and Gentlemen:

          Reference is made to that certain Credit and Guarantee Agreement, dated as of March 4, 2010
(as amended, restated, extended, supplemented or otherwise modified in writing from time to time,
the “Agreement;” the terms defined therein being used herein as therein defined), among
Block Financial LLC, a Delaware limited partnership (the “Borrower”), H&R Block, Inc., as
guarantor, the Lenders from time to time party thereto, and Bank of America, N.A., as
Administrative Agent and Swingline Lender.

          The undersigned hereby requests (select one):

          o A Borrowing of Committed Loans                  o A conversion or continuation of Loans

          1. On            (a Business Day).

          2. In the amount of $                                        .

          3. Comprised of                                                .

         [Type of Committed Loan requested]

          4. For Eurodollar Rate Loans: with an Interest Period of            [weeks][months].

          The Committed Borrowing, if any, requested herein complies with the provisos to the first
sentence of Section 2.01 of the Agreement.

	 	 	 	 	 
	 	BLOCK FINANCIAL LLC

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 

Form of Committed Loan Notice

A - 1

 

EXHIBIT B

FORM OF SWINGLINE LOAN NOTICE

Date:                     , _____

	 	 	 

	To:

	 	Bank of America, N.A., as Swingline Lender
	 

	 	Bank of America, N.A., as Administrative Agent

Ladies and Gentlemen:

          Reference is made to that certain Credit and Guarantee Agreement, dated as of March 4, 2010
(as amended, restated, extended, supplemented or otherwise modified in writing from time to time,
the “Agreement;” the terms defined therein being used herein as therein defined), among
Block Financial LLC, a Delaware limited partnership (the “Borrower”), H&R Block, Inc., as
guarantor, the Lenders from time to time party thereto, and Bank of America, N.A., as
Administrative Agent and Swingline Lender.

          The undersigned hereby requests a Swingline Loan:

          1. On                                          (a Business Day).

          2. In the amount of $                    .

          The Swingline Borrowing requested herein complies with the requirements of the provisos to the
first sentence of Section 2.04(a) of the Agreement.

	 	 	 	 	 
	 	BLOCK FINANCIAL LLC

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 

Form of Swingline Loan Notice

B - 1

 

EXHIBIT C

FORM OF NOTE

          FOR VALUE RECEIVED, the undersigned (the “Borrower”) hereby promises to pay to
                     or registered assigns (the “Lender”), in accordance with the
provisions of the Agreement (as hereinafter defined), the principal amount of each Loan from time
to time made by the Lender to the Borrower under that certain Credit and Guarantee Agreement, dated
as of March 4, 2010 (as amended, restated, extended, supplemented or otherwise modified in writing
from time to time, the “Agreement;” the terms defined therein being used herein as therein
defined), among the Borrower, H&R Block, Inc., as guarantor, the Lenders from time to time party
thereto, and Bank of America, N.A., as Administrative Agent and Swingline Lender.

          The Borrower promises to pay interest on the unpaid principal amount of each Loan from the
date of such Loan until such principal amount is paid in full, at such interest rates and at such
times as provided in the Agreement. Except as otherwise provided in Section 2.04(f) of the
Agreement with respect to Swingline Loans, all payments of principal and interest shall be made to
the Administrative Agent for the account of the Lender in Dollars in immediately available funds at
the Administrative Agent’s Office. If any amount is not paid in full when due hereunder, such
unpaid amount shall bear interest, to be paid upon demand, from the due date thereof until the date
of actual payment (and before as well as after judgment) computed at the per annum rate set forth
in the Agreement.

          This Note is one of the Notes referred to in the Agreement, is entitled to the benefits
thereof and may be prepaid in whole or in part subject to the terms and conditions provided
therein. Upon the occurrence and continuation of one or more of the Events of Default specified in
the Agreement, all amounts then remaining unpaid on this Note shall become, or may be declared to
be, immediately due and payable all as provided in the Agreement. Loans made by the Lender shall
be evidenced by one or more loan accounts or records maintained by the Lender in the ordinary
course of business. The Lender may also attach schedules to this Note and endorse thereon the
date, amount and maturity of its Loans and payments with respect thereto.

          The Borrower, for itself, its successors and assigns, hereby waives diligence, presentment,
protest and demand and notice of protest, demand, dishonor and non-payment of this Note.

Form of Note

C - 1

 

          THIS NOTE SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF
NEW YORK.

	 	 	 	 	 
	 	BLOCK FINANCIAL LLC

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 

Form of Note

C - 2

 

LOANS AND PAYMENTS WITH RESPECT THERETO

	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	Amount of	 	 	 	 
	 	 	 	 	 	 	 	 	Principal	 	Outstanding	 	 
	 	 	Type of	 	Amount of	 	End of	 	or Interest	 	Principal	 	 
	 	 	Loan	 	Loan	 	Interest	 	Paid This	 	Balance	 	Notation
	Date	 	Made	 	Made	 	Period	 	Date	 	This Date	 	Made By
	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 
	 	 
	 	 
	 	 
	 	 
	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 
	 	 
	 	 
	 	 
	 	 
	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 
	 	 
	 	 
	 	 
	 	 
	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 
	 	 
	 	 
	 	 
	 	 
	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 
	 	 
	 	 
	 	 
	 	 
	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 
	 	 
	 	 
	 	 
	 	 
	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 
	 	 
	 	 
	 	 
	 	 
	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 
	 	 
	 	 
	 	 
	 	 
	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 
	 	 
	 	 
	 	 
	 	 
	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 
	 	 
	 	 
	 	 
	 	 
	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 
	 	 
	 	 
	 	 
	 	 
	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 
	 	 
	 	 
	 	 
	 	 
	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 
	 	 
	 	 
	 	 
	 	 
	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 
	 	 
	 	 
	 	 
	 	 
	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 
	 	 
	 	 
	 	 
	 	 
	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 
	 	 
	 	 
	 	 
	 	 
	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 
	 	 
	 	 
	 	 
	 	 
	 	 

Form of Note

C - 3

 

EXHIBIT D

Form of Compliance Certificate

D - 1

 

 

EXHIBIT D-1

ASSIGNMENT AND ACCEPTANCE

          This Assignment and Acceptance (this “Assignment and Acceptance”) is dated as of the
Effective Date set forth below and is entered into by and between [the][each]1 Assignor
identified in item 1 below ([the][each, an] “Assignor”) and [the][each]2
Assignee identified in item 2 below ([the][each, an] “Assignee”). [It is understood and
agreed that the rights and obligations of [the Assignors][the Assignees]3 hereunder are
several and not joint.]4 Capitalized terms used but not defined herein shall have the
meanings given to them in the Credit and Guarantee Agreement identified below (the “Credit
Agreement”), receipt of a copy of which is hereby acknowledged by the Assignee. The Standard
Terms and Conditions set forth in Annex 1 attached hereto are hereby agreed to and incorporated
herein by reference and made a part of this Assignment and Acceptance as if set forth herein in
full.

          For an agreed consideration, [the][each] Assignor hereby irrevocably sells and assigns to [the
Assignee][the respective Assignees], and [the][each] Assignee hereby irrevocably purchases and
assumes from [the Assignor][the respective Assignors], subject to and in accordance with the
Standard Terms and Conditions and the Credit Agreement, as of the Effective Date inserted by the
Administrative Agent as contemplated below (i) all of [the Assignor’s][the respective Assignors’]
rights and obligations in [its capacity as a Lender][their respective capacities as Lenders] under
the Credit Agreement and any other documents or instruments delivered pursuant thereto to the
extent related to the amount and percentage interest identified below of all of such outstanding
rights and obligations of [the Assignor][the respective Assignors] under the respective facilities
identified below (including, without limitation, the Swingline Loans included in such
facilities5) and (ii) to the extent permitted to be assigned under applicable law, all
claims, suits, causes of action and any other right of [the Assignor (in its capacity as a
Lender)][the respective Assignors (in their respective capacities as Lenders)] against any Person,
whether known or unknown, arising under or in connection with the Credit Agreement, any other
documents or instruments delivered pursuant thereto or the loan transactions governed thereby or in
any way based on or related to any of the foregoing, including, but not limited to, contract
claims, tort claims, malpractice claims, statutory claims and all other claims at law or in equity
related to the rights and obligations sold and assigned pursuant to clause (i) above (the rights
and obligations sold and assigned by [the][any] Assignor to [the][any] Assignee pursuant to clauses
(i) and (ii) above being referred to herein collectively

 

			
	1	 	For bracketed language here and elsewhere in
this form relating to the Assignor(s), if the assignment is from a single
Assignor, choose the first bracketed language. If the assignment is from
multiple Assignors, choose the second bracketed language.
	 
	2	 	For bracketed language here and elsewhere in
this form relating to the Assignee(s), if the assignment is to a single
Assignee, choose the first bracketed language. If the assignment is to
multiple Assignees, choose the second bracketed language.
	 
	3	 	Select as appropriate.
	 
	4	 	Include bracketed language if there are
either multiple Assignors or multiple Assignees.
	 
	5	 	Include all applicable subfacilities.

D - 2 - 1

 

as [the][an] “Assigned Interest”). Each such sale and assignment is without recourse
to [the][any] Assignor and, except as expressly provided in this Assignment and Acceptance, without
representation or warranty by [the][any] Assignor.

	 	 	 	 	 	 	 

	1.

	 	Assignor[s]:
	 	 

	 	 
	 
	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 

	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	2.

	 	Assignee[s]:
	 	 

	 	 
	 
	 	 	 	 	 	 
	 

	 	 	 	 

	 	 
	 
	 	 	 	 	 	 
	 	 	[for each Assignee, indicate [Affiliate] of [identify Lender]]	 	 
	 
	 	 	 	 	 	 
	3.

	 	Borrower(s):
	 	 

	 	 

	4.	 	 Administrative Agent: Bank of America, N.A., as the administrative agent under the
Credit Agreement
	 
	5.	 	Credit Agreement: Credit and Guarantee Agreement, dated as of March 4, 2010, among
Block Financial LLC, a Delaware limited partnership (the “Borrower”), H&R Block, Inc.,
as guarantor, the Lenders from time to time party thereto, and Bank of America, N.A., as
Administrative Agent and Swingline Lender
	 
	6.	 	Assigned Interest[s]:6

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	Aggregate Amount of	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	Commitment/Loans	 	 	Amount of	 	 	Percentage Assigned	 	 	 	 
	 	 	 	 	 	 	Facility	 	 	for all	 	 	Commitment/Loans	 	 	of Commitment/	 	 	 	 
	Assignor[s]7	 	Assignee[s]8	 	 	Assigned9	 	 	Lenders10	 	 	Assigned	 	 	Loans11	 	 	CUSIP Number	 
	 
	 	 	 	 	 	 	 	 	 	$	 	 	 	$	 	 	 	 	%	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	$	 	 	 	$	 	 	 	 	%	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	$	 	 	 	$	 	 	 	 	%	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 

 

			
	6	 	The reference to “Loans” in the table should
be used only if the Credit Agreement provides for Term Loans.
	 
	7	 	List each Assignor, as appropriate.
	 
	8	 	List each Assignee, as appropriate.
	 
	9	 	Fill in the appropriate terminology for the
types of facilities under the Credit Agreement that are being assigned under
this Assignment (e.g. “Revolving Credit Commitment”, “Term Loan Commitment”,
etc.).
	 
	10	 	Amounts in this column and in the column
immediately to the right to be adjusted by the counterparties to take into
account any payments or prepayments made between the Trade Date and the
Effective Date.
	 
	11	 	Set forth, to at least 9 decimals, as a
percentage of the Commitment/Loans of all Lenders thereunder.

2

 

          [7. Trade Date:                                         ]12

Effective Date:                     , 20___ [TO BE INSERTED BY ADMINISTRATIVE AGENT AND WHICH SHALL
BE THE EFFECTIVE DATE OF RECORDATION OF TRANSFER IN THE REGISTER THEREFOR.]

          The terms set forth in this Assignment and Acceptance are hereby agreed to:

	 	 	 	 	 
	 	ASSIGNOR

[NAME OF ASSIGNOR]

 	 
	 	By:  	 	 
	 	 	Title: 	 
	 	 	 	 
	 
	 	ASSIGNEE

[NAME OF ASSIGNEE]

 	 
	 	By:  	 	 
	 	 	Title: 	 
	 	 	 	 
	 

	 	 	 	 	 

	[Consented to and]13 Accepted:	 	 
	 
	 	 	 	 
	BANK OF AMERICA, N.A., as	 	 
	Administrative Agent	 	 
	 
	 	 	 	 
	By:
	 	 	 	 
	 

	 	 

Title:
	 	 
	 
	 	 	 	 
	[Consented to:]14	 	 
	 
	 	 	 	 
	BLOCK FINANCIAL LLC	 	 
	 
	 	 	 	 
	By:
	 	 	 	 
	 

	 	 	 	 
	 

	 	Title:	 	 
	 
	 	 	 	 
	[SWINGLINE LENDER]	 	 
	 
	 	 	 	 
	By:
	 	 	 	 
	 

	 	 	 	 
	 

	 	Title:	 	 

 

			
	12	 	To be completed if the Assignor and the
Assignee intend that the minimum assignment amount is to be determined as of
the Trade Date.
	 
	13	 	To be added only if the consent of the
Administrative Agent is required by the terms of the Credit Agreement.
	 
	14	 	To be deleted only if the consent of the
Borrower and/or other parties (e.g. Swingline Lender) is not required by the
terms of the Credit Agreement.

3

 

ANNEX 1 TO ASSIGNMENT AND ACCEPTANCE

STANDARD TERMS AND CONDITIONS FOR

ASSIGNMENT AND ACCEPTANCE

          1. Representations and Warranties.

          1.1. Assignor. [The][Each] Assignor (a) represents and warrants that (i) it is the
legal and beneficial owner of [the][[the relevant] Assigned Interest, (ii) [the][such] Assigned
Interest is free and clear of any lien, encumbrance or other adverse claim and (iii) it has full
power and authority, and has taken all action necessary, to execute and deliver this Assignment and
Acceptance and to consummate the transactions contemplated hereby; and (b) assumes no
responsibility with respect to (i) any statements, warranties or representations made in or in
connection with the Credit Agreement or any other Loan Document, (ii) the execution, legality,
validity, enforceability, genuineness, sufficiency or value of the Loan Documents or any collateral
thereunder, (iii) the financial condition of the Borrower, any of its Subsidiaries or Affiliates or
any other Person obligated in respect of any Loan Document or (iv) the performance or observance by
the Borrower, any of its Subsidiaries or Affiliates or any other Person of any of their respective
obligations under any Loan Document.

          1.2. Assignee. [The][Each] Assignee (a) represents and warrants that (i) it has full
power and authority, and has taken all action necessary, to execute and deliver this Assignment and
Acceptance and to consummate the transactions contemplated hereby and to become a Lender under the
Credit Agreement, (ii) it meets all the requirements to be an assignee under Section
10.06(b) of the Credit Agreement (subject to such consents, if any, as may be required under
Section 10.06(b) of the Credit Agreement), (iii) from and after the Effective Date, it
shall be bound by the provisions of the Credit Agreement as a Lender thereunder and, to the extent
of [the][the relevant] Assigned Interest, shall have the obligations of a Lender thereunder, (iv)
it is sophisticated with respect to decisions to acquire assets of the type represented by
[the][such] Assigned Interest and either it, or the Person exercising discretion in making its
decision to acquire [the][such] Assigned Interest, is experienced in acquiring assets of such type,
(v) it has received a copy of the Credit Agreement, and has received or has been accorded the
opportunity to receive copies of the most recent financial statements delivered pursuant to Section
___thereof, as applicable, and such other documents and information as it deems appropriate to make
its own credit analysis and decision to enter into this Assignment and Acceptance and to purchase
[the][such] Assigned Interest, (vi) it has, independently and without reliance upon the
Administrative Agent or any other Lender and based on such documents and information as it has
deemed appropriate, made its own credit analysis and decision to enter into this Assignment and
Acceptance and to purchase [the][such] Assigned Interest, and (vii) if it is a Foreign Lender,
attached hereto is any documentation required to be delivered by it pursuant to the terms of the
Credit Agreement, duly completed and executed by [the][such] Assignee; and (b) agrees that (i) it
will, independently and without reliance upon the Administrative Agent, [the][any] Assignor or any
other Lender, and based on such documents and information as it shall deem appropriate at the time,
continue to make its own credit decisions in taking or not taking action under the Loan Documents,
and (ii) it will perform in accordance with their terms

4

 

all of the obligations which by the terms of the Loan Documents are required to be performed
by it as a Lender.

          2. Payments. From and after the Effective Date, the Administrative Agent shall make
all payments in respect of [the][each] Assigned Interest (including payments of principal,
interest, fees and other amounts) to [the][the relevant] Assignor for amounts which have accrued to
but excluding the Effective Date and to [the][the relevant] Assignee for amounts which have accrued
from and after the Effective Date.

          3. General Provisions. This Assignment and Acceptance shall be binding upon, and
inure to the benefit of, the parties hereto and their respective successors and assigns. This
Assignment and Acceptance may be executed in any number of counterparts, which together shall
constitute one instrument. Delivery of an executed counterpart of a signature page of this
Assignment and Acceptance by telecopy shall be effective as delivery of a manually executed
counterpart of this Assignment and Acceptance. This Assignment and Acceptance shall be governed
by, and construed in accordance with, the law of the State of                      [confirm that choice
of law provision parallels the Credit Agreement].

5exv10w42

Exhibit 10.42

AMENDED AND RESTATED ADMINISTRATIVE SERVICES AGREEMENT

     THIS AMENDED AND RESTATED ADMINISTRATIVE SERVICES AGREEMENT (the “Agreement”) is dated
as of February 3, 2010 and effective as of May 1, 2010 (other than Section 16 hereof, which shall
be effective immediately upon execution and delivery of the Agreement), by and among RSM McGladrey,
Inc. (“RSMM”), which is an indirect wholly-owned subsidiary of H&R Block, Inc.
(“HRB”), McGladrey & Pullen, LLP (“M&P”) and, solely for purposes of Section 11.3,
HRB.

RECITALS

     WHEREAS, M&P is licensed to hold itself out as a licensed certified public accounting firm in
numerous states and jurisdictions;

     WHEREAS, M&P desires to continue to focus its effort, energy and expertise on the provision of
Public Accounting Services (as defined below) (the “Business”), and to accomplish this
goal, desires to outsource certain administrative functions of the Business to RSMM;

     WHEREAS, M&P desires to retain certain administrative services of RSMM in connection with the
provision of certain services and products relating to the Business that do not involve the
provision of Public Accounting Services and RSMM desires to provide such administrative services to
M&P;

     WHEREAS, M&P and RSMM have agreed upon a fair compensation for the administrative services
provided by RSMM hereunder;

     WHEREAS, RSMM has performed the administrative services under (a) an Administrative Services
Agreement dated August 2, 1999, which was terminated on January 30, 2006, and (b) an Administrative
Services Agreement dated January 30, 2006 (the “2006 Agreement”);

     WHEREAS, on July 21, 2009, M&P provided notice to RSMM of its intent to terminate the 2006
Agreement, and on September 15, 2009, RSMM provided notice to M&P of its intent to terminate the
2006 Agreement (together, the “Termination Notices”);

     WHEREAS, in consideration of the premises and the mutual covenants hereinafter set forth and
in the Governance and Operations Agreement, dated as of even date herewith, among the parties
thereto (the “Governance and Operations Agreement”), M&P and RSMM desire to withdraw their
respective Termination Notices; and

     WHEREAS, the parties desire to modify certain of the rights and obligations of the parties set
forth in the 2006 Agreement by amending and restating the 2006 Agreement in its entirety on the
terms and conditions set forth herein, effective as of May 1, 2010.

AGREEMENT

     NOW, THEREFORE, in consideration of the premises and the mutual covenants hereinafter set
forth, the parties hereby agree to amend and restate the 2006 Agreement in its

 

 

entirety, effective as of May 1, 2010 (other than Section 16 hereof, which shall be effective
immediately upon execution and delivery of the Agreement), as follows:

1. Obligations of RSMM.

     1.1 Appointment of RSMM; Administrative Services. M&P hereby retains RSMM and RSMM
agrees to provide the administrative services described in Schedule 1.1 hereto (collectively, the
“Administrative Services”). From time to time, RSMM may replace any of its employees or
independent contractors (including hiring and firing employees and terminating the relationship
with any independent contractors providing the Administrative Services hereunder), and may obtain
alternative types or sources of the Administrative Services in RSMM’s reasonable discretion.

     1.2 Records. Solely for purposes of providing the records management and
Administrative Services for M&P under this Agreement, RSMM shall be granted access to M&P files and
may use such files subject to reasonable restrictions imposed by M&P on RSMM’s management of client
engagement files related to Public Accounting Services (as defined below). Such files shall be
maintained at RSMM’s and/or M&P’s offices and such offsite storage as may be obtained by RSMM.
Client information shall be subject to and protected by applicable state and federal law, rules and
regulations governing Public Accounting Services, including those promulgated by state boards of
accountancy, the AICPA, and the PCAOB.

     1.3 Limitation on RSMM’s Authority. Administrative Services shall not include, and RSMM
shall not at any time or in any manner engage, pursuant to this Agreement, in providing to M&P or
any client or customer of M&P, any services that, under applicable state or federal law, cannot be
provided by a firm that is not licensed as a CPA firm under applicable state law, such services to
be collectively referred to, herein as “Public Accounting Services.” For clarification,
“Public Accounting Services” shall not include any services deemed to be practiced before the
Internal Revenue Service as defined in Treasury Department Circular No. 230, Title 31 Code of
Federal Regulations, Subtitle A, Part 10. If any Administrative Services or acts required or
requested of RSMM herein would be reasonably likely to be construed by a court of competent
jurisdiction or the applicable state agency, board or other authority charged under the laws of the
state with the licensing, registration and/or regulation of public accountants (each a “State
Board”) or by the Public Company Accounting Oversight Board (“PCAOB”) to be Public
Accounting Services, the requirement or other request to perform that act shall be deemed waived.
In order to preserve auditor independence and audit quality, M&P shall have complete control and
supervision over its provision of any Public Accounting Services including, but not limited to (i)
the establishment and maintenance of quality assurance policies, (ii) the hiring, training,
promotion, compensation and termination of professional staff and partners, (iii) the acceptance,
continuation of, and fee arrangements with clients, and (iv) the management and supervision of
client engagements. Anything in this Agreement to the contrary notwithstanding, although M&P has
delegated to RSMM under the terms of this Agreement various ministerial administrative matters, M&P
retains the exclusive right, through its own personnel, to manage its own Business (including
Public Accounting Services) subject to the surviving terms and conditions of the Governance and
Operations Agreement, the Amended and Restated Trademark Assignment and Joint Ownership Agreement
of even date herewith (the “Joint Ownership

2

 

Agreement”) and the Amended and Restated Loan Agreement of even date herewith (the
“Loan Agreement”).

     1.4 Execution of Contracts. RSMM is hereby authorized to execute contracts on behalf
of M&P provided that the contracts so executed relate to the provision of Administrative Services,
and do not relate to the performance of Public Accounting Services. M&P grants to RSMM a limited
and special power of attorney (the “Power of Attorney”) for the execution of contracts
(with amounts due and payable there-under not to exceed One Hundred Thousand Dollars ($100,000)).
Notwithstanding the foregoing, RSMM may execute contracts (including those exceeding $100,000 in
annual expenditures) that benefit both RSMM and M&P and relate to services provided by RSMM under
this Agreement. A form of the Power of Attorney is set forth as Exhibit 1.4 hereto. The M&P Board
of Directors (the “M&P Board”) or Managing Partner, or his/her or its designees, must
authorize contracts with total amounts due and payable thereunder in excess of such amount or which
relate to the performance of Public Accounting Services.

2. Term. Other than Section 16 hereof, which shall be effective immediately, the term of
this Agreement shall commence on May 1, 2010 (the “Effective Date”) and shall continue for
a period of five years after the Effective Date (unless sooner terminated pursuant to Sections 9 or
10 hereof) (the “Initial Term”), which term will automatically be extended five additional
years on the fifth anniversary of the Effective Date (a “Renewal Term”) and on the fifth
anniversary of the first May 1 of each Renewal Term such that the term of this Agreement will be
automatically renewed and extended for successive five-year terms indefinitely unless and until
terminated in accordance with the terms hereof.

3. Shared Expenses and Fee. RSMM and M&P shall agree to jointly share in certain common
overhead costs which are necessary operating expenses for the performance of attest, accounting,
tax and consulting services (the “Shared Expenses”). Such Shared Expenses may include but
are not limited to certain human resources, client service, sales and marketing, equipment and
technology, and administrative expenses. RSMM and M&P agree that such cost sharing arrangement
will be allocated each quarter based upon actual Shared Expenses and an allocation method (the
“Allocation Method”) based to the extent feasible and reasonable on actual usage by the
respective parties and agreed upon in advance by the President of RSMM and the M&P Board. Shared
Expenses will be paid based upon a budget with true-up calculations and adjustments reflecting
services actually performed and as recorded in year-to-date financial reports for August, November,
February and April. Adjustments will be made in each of the months following August, November and
February. April adjustments will be made in April. The Shared Expenses and the Allocation Method
shall be reviewed by the parties on an annual basis. RSMM will be responsible for payment of the
Shared Expenses (except those expenses directly related to the practice of Public Accounting
Services, which shall be fully paid directly by M&P) and will be reimbursed monthly by M&P for its
portion of the Shared Expenses based on the Allocation Method. M&P shall pay RSMM an annual
administration fee (the “Administration Fee”) for all of its Administrative Services equal
to 3% of M&P’s share of the budgeted Shared Expenses, payable monthly in arrears. The
Administration Fee will be reviewed by the parties on an annual basis in connection with planning
objectives and updated forecasts to ensure that the Administration Fee is an arms-length
arrangement and provides fair market value to RSMM for the Administrative Services actually being
rendered. If M&P

3

 

believes that a portion of the Administration Fee is unauthorized, unsubstantiated or otherwise
improper and the parties cannot resolve such disputed fee in the regular annual Administration Fee
review process, then M&P may submit a written notice of dispute to RSMM and the parties will follow
the dispute escalation and resolution process described in Section 9.3 hereof (recognizing that the
dispute escalation and resolution process cannot lead to a termination of this Agreement unless the
process occurs after the third anniversary of the Effective Date).

4. Occupancy and Partner Benefits.

     4.1 Occupancy of Premises. M&P shall be entitled to occupy all office space from time
to time occupied by RSMM on the terms and subject to the conditions of this Section 4.1.

     4.1.1 Allocation of Occupancy Costs. Following the Effective Date, upon the
entry into or renewal by RSMM of any lease for office space that is or will be shared with
M&P, M&P will enter into a sublease agreement with RSMM for the proportion of the space that
will be utilized by M&P on substantially the same terms as the underlying lease. The
proportion of space allocated to M&P will be determined initially at lease inception and
then adjusted annually based on the fiscal year end actual number of each level of
professional personnel M&P has housed in the premises compared to RSMM taking into account
the size of workstation each personnel level is assigned. The proportion of the space
utilized by RSMM or M&P will be subject to calculation as set forth in Schedule 4.1.1. The
cost allocated to M&P under this sublease will be based on the cost of the lease to RSMM
without any mark-up or profit to RSMM and will not be subject to the Administration Fee
described in Section 3 of this Agreement. The term of the sublease will be the lesser of the
term of the RSMM lease or five (5) years. If RSMM commits to an initial lease term in
excess of five (5) years and M&P continues to occupy the space after the initial five (5)
year sublease term, then M&P will renew the sublease for the lesser of the remaining term of
the original RSMM lease or five (5) years.

     4.1.2 Notice to Vacate Premises. Unless otherwise required under any lease or
sublease entered into pursuant to Section 4.1.1 hereof, M&P agrees to give RSMM at least 270
days’ prior written notice of its intention to vacate any particular office space then
occupied by M&P. RSMM agrees to give M&P at least 270 days’ prior written notice of its
intention to vacate any office space at the time occupied by both RSMM and M&P, unless such
intent to vacate is due to an office relocation or closing which is generally known. Except
as may be otherwise provided in any sublease agreement entered into pursuant to Section
4.1.1 hereof, in the event of any termination of this Agreement by either party for any
reason, except for a default by M&P for nonpayment of fees, M&P shall in any case be
entitled if it so elects to occupy all office space which it then occupies for 270 days
after such termination, subject to having received earlier notice of RSMM’s intention to
vacate such space as stated above. In the event M&P occupies such office space after
termination of this Agreement, the parties shall agree on rent payable during M&P’s
continued occupancy, or if they fail to do so, the rent shall be prorated according to the
Allocation Method described in Section 4.1.1.

     4.2 Partner Benefits. RSMM and M&P agree that certain partner benefits may, if the
parties agree, be paid by RSMM and in such case M&P will reimburse RSMM for the payment

4

 

of those benefits. In such case, RSMM and M&P will agree to the allocation methodology as a
part of the annual budgeting process and payment for such benefits will be made monthly by M&P.

     4.3 Independent Identity. M&P shall continue to maintain a separate legal identity
and shall observe all legal requirements and customary practices necessary to maintain M&P as a
separate legal entity distinct from any other person or entity, including RSMM. Consistent with
the Joint Ownership Agreement, M&P shall also maintain its own business identity, including,
without limitation, letterhead and business cards and shall have the right at its option to conduct
its own marketing activities. Nothing herein shall prevent M&P from being acquired by or otherwise
combining with any other person, in which case this Agreement may be terminated in accordance with
the terms of this Agreement. For the avoidance of doubt, Section 9.5.2 shall continue to be
effective in the event of termination in connection with an acquisition or merger of M&P. In
addition, any proceeds from the sale of M&P or its assets shall remain the sole property of M&P
subject to the terms of the Loan Agreement.

5. Engagement Letters, Billing and Collection of Fees; Accounting.

     5.1 Engagement Letters. M&P will prepare engagement letters in accordance with its
policies for services and/or products to be provided by M&P to its clients. The content of such
letters shall be solely under the control of M&P and shall be executed only by a partner or
employee of M&P.

     5.2 Billing and Collection. As part of the Administrative Services, RSMM shall
prepare and mail statements for all services provided by or on behalf of M&P to clients of M&P
based upon time records, expense payments and other information provided by M&P to RSMM. M&P shall
and shall cause its partners and employers to provide RSMM all records reasonably necessary for
billing and collection of accounts pursuant to the provisions of this Section.

     5.3 Accounting. As a part of the Administrative Services, RSMM shall maintain books
of account for M&P. In addition, RSMM shall prepare the monthly and annual operational and
financial reports for M&P.

6. Mutual Nondisclosure. Except as provided in the Loan Agreement or Governance and
Operations Agreement, neither M&P nor RSMM shall at any time or in any manner, directly or
indirectly, use or disclose to any third party any trade secrets or other Confidential Information
(defined herein) learned or obtained from the other party hereto as a result of its relationship
with the other party hereto or any direct or indirect subsidiary or affiliate (i.e., a person which
controls, is controlled by or under common control with a party) of the other party, except as may
be required by law or legal, regulatory or judicial process; provided that the disclosing party
shall give prompt written notice to the other party of such requirement, disclose no more
information than is so required, and cooperate with any attempts by the other party to obtain a
protective order or similar treatment; or to its or its affiliates’ directors, officers, attorneys,
accountants, advisors or consultants who need to know such information in such capacities and who
agree to comply with the non-disclosure obligations set forth in this Section 6. As used herein,
the term “Confidential Information” means confidential, proprietary or personal information
of a party or its affiliates that is not generally known in the industry in which the

5

 

parties or any of their direct or indirect subsidiaries or (in the case of information of or about
clients of either party) clients is engaged, including such information that in any way relates to
the products, processes, services, inventions (whether patentable or not), formulas, techniques or
know-how, including, but not limited to, information relating to distribution systems and methods,
research, development, purchasing, accounting, procedures, marketing, customers, vendors,
merchandising and selling, of RSMM or M&P or any of their respective direct or indirect
subsidiaries or affiliates, or the clients of either party, and regardless of the format in which
it is presented or embodied (written, graphic, electromagnetic or otherwise). The term
“Confidential Information,” as used herein, does not include information (a) which was already in
the public domain other than through any disclosure in violation of this Section 6, (b) information
already in the possession of the other party and not subject to any confidentiality obligations of
the other party or (c) which is or was disclosed as a matter of right by a third party source
provided such third party source is not bound by confidentiality obligations in favor of the owner
of the Confidential Information in question. This Section 6 shall survive the termination of this
Agreement. Each party agrees that it will adopt reasonable precautions to guard against
unauthorized release or use of Confidential Information, and that it will not use or disclose such
Confidential Information in any manner that will unfairly benefit itself or damage the other party
hereto. Each party agrees to return to the other party all such Confidential Information
pertaining to the other party upon termination of this Agreement. In lieu of returning all
Confidential Information, a party may destroy such Confidential Information provided that the other
party hereto has agreed in writing that destruction is acceptable.

7. Administrative Services, Warranties, Disclaimers, Limitations on Liability and Required
Notices. RSMM will act diligently and use reasonable care in providing Administrative Services
to M&P. M&P and each Partner hereby release and forever discharge RSMM and its affiliates,
parents, employees, subcontractors, agents and assigns from any liability in any way connected with
this Agreement or the Administrative Services, except for any liability for intentional torts or
gross negligence. RSMM does not warrant the success or results of M&P. RSMM shall not be liable
to M&P or any Partner under any circumstances for special, exemplary, punitive or consequential
damages relating to the Administrative Services except for intentional torts or gross negligence.
Neither M&P nor any Partner shall be liable to RSMM for special, exemplary, punitive or
consequential damages relating to this Agreement.

RSMM hereby agrees to indemnify and hold harmless M&P and its affiliates from and against any
liability or losses (including, without limitation, attorneys’ fees) arising out of any claims,
actions, litigations, disputes or proceedings brought by any third parties against M&P or its
affiliates as a result of any negligence, willful misconduct or fraud by RSMM in connection with
its provision of any services under this Agreement (excluding, for clarity, any Public Accounting
Services). M&P hereby agrees to indemnify and hold harmless RSMM and its affiliates from and
against any liability or losses (including, without limitation, attorneys’ fees) arising out of any
claims, actions, litigations, disputes or proceedings brought by any third parties against RSMM or
its affiliates as a result of any negligence, willful misconduct or fraud by M&P in connection with
the provision of Public Accounting Services.

8. Mutual Provision of Professional Services. RSMM and M&P may from time to time request
assistance from the other’s professionals and other personnel in meeting the Contractor’s
professional service obligations to its clients (the “Professional Services”). The party
requesting

6

 

such assistance and billing the client for the Professional Services rendered is referred to in
this Section 8 as the “Contractor”. The party providing the requested Professional
Services to or on behalf of the Contractor and billing the Contractor is referred to in this
Section 8 as the “Subcontractor”. In no case shall the Administrative Services rendered by
RSMM to M&P pursuant to other sections of this Agreement be subject to this Section 8. The
Subcontractor may at its sole option and discretion, provide or decline to provide the requested
Professional Services to the Contractor. The provisions set forth below shall apply with respect
to all Professional Services so provided pursuant to this Section 8.

     8.1 Nature of Requests. Such a request may be made by any person authorized by the
Contractor to do so, and such request may be accepted by any person authorized by the Subcontractor
to do so. No formalities are required.

     8.2 Contractor to Bill Client. The Contractor shall have sole responsibility for
billing and collecting from its own client with respect to the Subcontractor’s Professional
Services. No delay or failure by the client to pay for such Professional Services shall relieve
the Contractor from its obligations to pay the Subcontractor for such Professional Services as
provided herein.

     8.3 Subcontractor’s Billing for Services Rendered. The Subcontractor shall bill the
Contractor for actual hours expended by its personnel to provide Professional Services to the
client of the Contractor. The rate to be charged shall be mutually agreed upon from time to time,
but no less frequently than annually, between Contractor and Subcontractor, in writing. The fees
in effect as of the date hereof are an agreed percentage of the standard rate typically charged by
the Subcontractor to its own clients consistent with the rates currently in place between the
shared services of locations of RSMM and M&P. Contractor shall make payment to the Subcontractor
for Professional Services provided hereunder within 30 days after the end of the month in which the
Professional Services were provided by the Subcontractor.

     8.4 Subcontractor Responsible for Own Expenses. Subcontractor is solely responsible
for the payroll, benefits, training, equipment and facilities necessary for its personnel to
provide Professional Services to the Contractor’s client, and for its own profitability or lack
thereof, relating to the rendition of such Professional Services. Travel and living expenses away
from Subcontractor’s office normally employing personnel used to perform the Professional Services
shall be billed to Contractor as disbursements at the actual amount paid to vendors, and Contractor
will reimburse Subcontractor within thirty (30) days following the end of the month during which
expenses are incurred.

     8.5 Compliance With Laws, Rules and Professional Standards. Contractor and
Subcontractor agree to comply, and to cause their respective partners and employees to comply, with
Rule 301, Confidential Client Information, of the Code of Professional Conduct of the American
Institute of Certified Public Accountants. In addition, the parties shall, in connection with
providing of such Professional Services, observe the mutual nondisclosure provisions of Section 6
of this Agreement. The parties also agree to comply, and to cause their respective partners and
employees to comply, with Section 7216 of the Internal Revenue Code in connection with providing
Professional Services to each other’s clients. RSMM agrees to comply with Interpretation 101-14
under Rule 101 of the Code of Professional Conduct of the American Institute of Certified Public
Accountants and, unless an exception is agreed to by

7

 

M&P (which agreement shall not be unreasonably withheld), M&P’s Independence and Relationship
Policies as in effect from time to time with respect to all attest clients. The parties agree that
RSMM shall not perform any Professional Service that violates any state law governing the practice
of public accounting. It is specifically contemplated that M&P will utilize Professional Services
of RSMM only in a manner or in instances consistent with the requirements of the governing
accounting licensing laws.

     8.6 Professional Services Indemnity. Contractor agrees to indemnify and hold harmless
Subcontractor and its partners, directors, officers, employees, agents and members, as applicable,
with respect to any and all claims, losses, damages, liabilities, judgments or settlements
(including but not limited to reasonable attorneys’ fees, costs and other expenses) incurred by
Subcontractor on account of any Professional Services conducted by Subcontractor pursuant to this
Section 8 except those arising in the ordinary course of business of performing requested services
and allocated to Subcontractor by Section 8.4 hereof; provided, however, this
indemnification shall not extend to cover any claims, losses, damages, liabilities, judgments or
settlements (including attorneys’ fees, costs and other expenses) incurred by such indemnified
persons on account of the negligence, willful misconduct or fraud of Subcontractor (or its
partners, directors, officers, employees, agents or members, as applicable).

9. Termination. Other than any termination pursuant to Section 10 hereof, this Agreement
may only be terminated in accordance with and subject to the provisions of this Section 9. In the
event of a termination under this Section 9, the Governance and Operations Agreement shall
terminate pursuant to Section 12(a) of the Governance and Operations Agreement.

     9.1 By RSMM. RSMM may terminate this Agreement: (a) at any time pursuant to Section
10 hereof; (b) at any time if M&P loses or has suspended its license or certification to practice
public accounting in any state significant to its business; (c) at any time if M&P is wound up or
liquidated or files for bankruptcy or other action is taken against it under any statute for the
protection of creditors; (d) subject to Sections 9.3 and 9.4 hereof, at any time, with or without
cause, following the third anniversary of the Effective Date, provided that (I) the
effective date of any termination pursuant to this clause (d) may only occur on a date during the
period between May 1 and August 31 of any calendar year and (II) RSMM must have provided M&P with
at least 270 days’ advance written notice of any termination (specifying the effective date of such
termination) pursuant to this clause (d) (it being understood and agreed that RSMM may not deliver
a notice of termination pursuant to this clause (d) prior to the third anniversary of the Effective
Date and that any such purported termination pursuant to this clause (d) prior to the third
anniversary of the Effective Date shall be void and of no force or effect); or (e) with at least 60
days’ advance written notice, upon consummation of any sale of at least a majority interest of the
M&P business to a third party, whether accomplished by the sale of stock, sale of assets or
otherwise, or any merger of M&P with a competitor of M&P or RSMM.

     9.2 By M&P. M&P may terminate this Agreement: (a) at any time pursuant to Section 10
hereof; (b) subject to Sections 9.3 and 9.4 hereof, at any time, with or without cause, following
the third anniversary of the Effective Date, provided that (I) the effective date
of any termination pursuant to this clause (b) may only occur on a date during the period between
May 1 and August 31 of any calendar year and (II) M&P must have provided RSMM with at least 270
days’ advance written notice of any termination (specifying the effective date of such

8

 

termination) pursuant to this clause (b) (it being understood and agreed that M&P may not
deliver a notice of termination pursuant to this clause (b) prior to the third anniversary of the
Effective Date and that any such purported termination pursuant to this clause (b) prior to the
third anniversary of the Effective Date shall be void and of no force or effect). Notwithstanding
the foregoing, if a sale of at least a majority interest of the RSMM business to a third party,
whether accomplished by the sale of stock, sale of assets or otherwise (a “Change of
Control”), is consummated during the first two years after the Effective Date and after
consummation of such Change of Control a business dispute between RSMM and M&P results from such
Change of Control, M&P may deliver a written notice of dispute to RSMM pursuant to Section 9.3
hereof, even if the notice is delivered before the third anniversary of the Effective Date. If
such dispute is not resolved after good faith compliance with the dispute escalation and resolution
process described in Section 9.3 hereof, M&P may begin the termination process and, subject to
compliance with Section 9.4 hereof, terminate this Agreement.

     9.3 Escalation and Resolution Procedures. If a party is considering termination of
this Agreement following the third anniversary of the Effective Date for any reason, other than
pursuant to Section 10 hereof or, in the case of RSMM, clauses (b) or (c) or (e) of Section 9.1
hereof, the parties, including members of senior leadership and members of the Board of Directors
of RSMM and the M&P Board, will participate in and abide by the following escalation and resolution
process prior to issuing any notice of termination hereunder or publicly announcing any intention
to terminate this Agreement (whether to a party, publicly or otherwise). Prior to issuing any
notice of termination pursuant to clause (d) of Section 9.1, in the case of RSMM, or clause (b) of
Section 9.2, in the case of M&P, the party desiring to terminate this Agreement will deliver to the
other party a written notice (the “Notice”) of the reasons for which the party is
considering termination of this Agreement (such notice to detail all relevant information
pertaining to the reasons, including the clear statement that it could lead to a termination
notice), which will include a request for an initial meeting between the parties to discuss the
reasons on a date no earlier than seven days and no later than 30 days after the date of receipt of
the Notice. The parties (including representatives of the senior leadership of each party) will
meet to discuss, and negotiate in good faith to continue the APS on the date specified in the
Notice or on such other date no later than 30 days after the date of receipt of the Notice as may
be agreed by the parties. If, following such meeting the reasons for termination still exist, then
no later than 30 days following the initial meeting (or such other date as the parties may mutually
agree) the parties will hold a second meeting (including representatives of the senior leadership
and boards of directors of each party) to continue to negotiate in good faith to continue the APS.
If, after compliance with the foregoing procedures, such reason for termination is not resolved,
either party may submit such reason for termination to resolution pursuant to Section 14 below.
For the avoidance of doubt, termination of this Agreement without cause in accordance with Section
9.1 or 9.2 is not subject to the terms of Section 14. All negotiations pursuant to this Section
9.3 are confidential and shall be treated as compromise and settlement negotiations for purposes of
applicable rules of evidence.

     9.4 Notice of Termination. If, following the second meeting of the escalation and
resolution process set forth in Section 9.3 hereof, the parties have failed to agree to continue
the APS after good faith compliance with the escalation and resolution process set forth in Section
9.3 hereof and the board of directors of the party that originally delivered the Notice determines
to terminate the Agreement, then such party may issue and deliver a written notice of termination

9

 

(the “Notice of Termination”) to the other party, provided that M&P
may not issue (whether to RSMM, publicly or otherwise) or deliver a Notice of Termination to RSMM
unless (a) the M&P Board first calls a meeting of M&P’s Partners, to occur no sooner than 60 days
after the calling of the meeting and in any event not before the third anniversary of the Effective
Date, to vote on the decision to terminate this Agreement and approve delivery of a Notice of
Termination and (b) the decisions to terminate this Agreement and deliver a Notice of Termination
are approved at such Partner meeting (I) by a majority of the Partner votes held by all of M&P’s
Partners and (II) in accordance with any other vote requirement specified in the M&P Partnership
Agreement, as in effect at the time of any such M&P Partner vote. Once a Notice of Termination is
issued by a party, such Notice of Termination shall be irrevocable unless the other party consents
in writing to its withdrawal.

     9.5 Effect of Termination.

     9.5.1 Payment of Money Owed. Upon the termination of this Agreement for any
reason, M&P shall pay all amounts due to RSMM and RSMM shall pay all amounts due to M&P
under this Agreement as soon as practicable but in no event later than sixty (60) days after
the effective date of such termination, it being understood that any amounts due to each
other under any other agreements by and between, or which may be entered into by and
between, the parties shall be payable in accordance with the provisions thereof.

     9.5.2 Survival of Certain Provisions. Sections 4.1, 6, 8.5, 8.6, 9.5, 12, 13,
14 and 16 shall survive the termination of this Agreement.

     9.5.3 Records; Files. In the event of termination for any reason, RSMM may, at
its expense, and, subject to RSMM’s compliance with any requirements for prior client
consent, copy all records or files of M&P, except for client engagement files which contain
or reflect the performance of Public Accounting Services.

     9.5.4 License of Proprietary Systems. Nothing in this Agreement shall prevent
M&P from independently obtaining any licenses or other agreements providing for M&P’s right
to use any Proprietary and Customized Applications (as defined below) primarily in the
provision of Public Accounting Services, including, without limitation, the application
known as Caseware.

     Effective upon any termination of this Agreement by either party, RSMM hereby grants to
M&P a world-wide, royalty-free, fully paid-up, nonexclusive, nontransferable,
nonsublicensable license, sublicense, and/or right (i) to use, for a period (at M&P’s
election) of up to eighteen (18) months following the effective date of termination hereof,
in substantially the same manner and for substantially the same purposes as used or
available for use immediately prior to such termination, all Proprietary and Customized
Applications, and (ii) to perpetually use the source code of (a) all customizations of such
Proprietary and Customized Applications in RSMM’s possession or control, which
customizations were created by or on behalf of RSMM and/or M&P (whether for use exclusively
by M&P or for use by both M&P and RSMM), and (b) all software-based audit tools owned by
RSMM, or by both RSMM and M&P, comprising the Proprietary

10

 

and Customized Applications (including, without limitation, Engagement Management,
McGladrey Risk Assessment Model (MRAM), Interoffice Inspection (IOI) and audit related Lotus
Notes based databases). The licenses, sublicenses and/or rights to use described above in
this Section 9.5.4 shall only be granted to the extent that: (x) RSMM has the legal right to
do so; (y) RSMM is contractually permitted to grant such licenses, sublicenses or rights to
use to M&P, in the event any portion of the Proprietary and Customized Applications is
provided to RSMM pursuant to a contract with any third parties (a “Third Party Contract”);
and (z) such action will not adversely affect or alter RSMM’s pre-existing right to use such
Proprietary and Customized Applications. M&P agrees to indemnify RSMM for any breach of any
Third Party Contract that may result from RSMM’s grant of such licenses, sublicenses or
rights to use to M&P under this Section 9.5.4. The foregoing does not transfer or assign to
M&P any rights which RSMM may have or acquire in any Proprietary and Customized
Applications. As used herein, “Proprietary and Customized Applications” means,
collectively, software applications owned by RSMM or owned by one or more third parties and
licensed or otherwise provided to RSMM, and any customizations or extensions to or other
enhancements of such software applications developed and/or owned by RSMM, that are used or
available for use to provide Administrative Services to M&P immediately prior to the
effective date of termination of this Agreement.

     In the event that RSMM is not permitted to license, sublicense or grant M&P the right
to use any Proprietary and Customized Applications as set forth above, if and when requested
by M&P during the eighteen (18) months following the effective date of termination hereof,
RSMM will use commercially reasonable efforts to help M&P obtain (at M&P’s own cost and
expense) licensing rights from third party providers of the Proprietary and Customized
Applications that are being utilized or are available for utilization by or on behalf of
RSMM to provide Administrative Services immediately prior to the effective date of
termination hereof. For the avoidance of doubt, except as otherwise specified herein or as
otherwise agreed by RSMM and M&P, RSMM will not have any obligation to provide its own or
any third party’s Proprietary and Customized Applications after the eighteen (18) month term
set forth above.

     9.5.5 Transition Services and Return of Data. If either RSMM or M&P delivers a
Notice of Termination to the other party, each party will promptly designate a senior level
leader to represent such party in the development of a transition services plan. The
designated representatives of each party will meet to begin to design such transition
services plan as soon as reasonably practicable following the date of the Notice of
Termination and in any event at least 180 days prior to the effective date of the
termination of this Agreement. The purpose of the transition service plan will be to enable
M&P to transition, before or after the effective date of termination, the Administrative
Services to other third party or internal M&P providers or resources. RSMM and M&P further
agree that any such transition services plan shall, at a minimum, provide terms to
facilitate RSMM’s performance of its obligations specifically set forth in Section 9.5.4 and
this Section 9.5.5. In furtherance of such transition services plan, RSMM shall cooperate
with M&P in transitioning performance of the Administrative Services to M&P or to any third
party service provider designated by M&P; provided, however, that M&P shall
pay RSMM a reasonable agreed upon amount for any work

11

 

RSMM needs to perform to segregate data, delete it and/or integrate such data with M&P
and/or its third party vendor, in conjunction with such transition upon the written request
of M&P. RSMM shall return all copies of all M&P data, materials, and information in the
possession or control of RSMM (including, without limitation, all audit-related data, files
and databases) to M&P in such form or format as reasonably requested by M&P. RSMM shall not
retain any copies of such M&P data, materials or information except as required by law. M&P
shall return all copies of all RSMM data, materials, and information in the possession or
control of M&P to RSMM in such form or format as reasonably requested by RSMM. M&P shall
not retain any copies of such RSMM data, materials, or information except as required by
law. This provision shall survive termination of this Agreement.

10. Regulatory or Legislative Change. In the event of any material change in any state or
federal statute, regulation or definitive interpretation thereof by a government agency or
administrative body (“Laws”), or an enforcement action against M&P or its affiliates
arising under any Laws, in each case which shall make this Agreement unlawful in whole or in
material part, the parties shall immediately enter into good faith negotiations regarding a new
service arrangement (if necessary) or basis for compensation for the Administrative Services
provided hereunder which is consistent with such Laws and approximates as closely as possible the
economic position of the parties hereunder prior to the change. If the parties are unable to reach
such an agreement within 30 business days following written notice from one party to the other,
then either party may terminate this Agreement effective upon 90 days’ prior written notice.
Termination of this Agreement pursuant to this provision shall not, however, terminate M&P’s right
to occupy such office space as it then may occupy on premises leased by RSMM.

11. Miscellaneous.

     11.1 This Agreement shall be binding upon and shall inure to the benefit of the successors and
assignees of the parties.

     11.2 M&P shall not assign, confer any right in, assume in bankruptcy, pledge, mortgage or
otherwise encumber this Agreement, in whole or in part, without the prior written consent of RSMM,
which can be withheld in RSMM’s sole discretion. For the avoidance of doubt, a merger, change of
control, reorganization (in bankruptcy or otherwise) or a stock sale of M&P shall be deemed an
“assignment” requiring such consent, regardless of whether M&P is the surviving entity. For the
further avoidance of doubt, Section 9.5.2 shall continue in effect in the event of termination of
this Agreement resulting from a merger, change of control, reorganization (in bankruptcy or
otherwise) or stock sale of M&P. Any attempted action in violation of the foregoing shall be null
and void ab initio and of no force or effect. RSMM may, in its discretion, assign this Agreement
to any other direct or indirect parent, subsidiary or affiliate of RSMM, or to any third party that
in connection therewith is acquiring all or substantially all of the assets of RSMM used in the
APS, and M&P shall be liable hereon to the same extent as if such agreement were originally made
with such other person, firm or corporation.

     11.3 If the Board of Directors of HRB (the “HRB Board”) determines to sell RSMM and
its subsidiaries in any auction or marketed sale process, M&P will be invited to participate as

12

 

a bidder in the sale process. In addition, if outside of any such sale process the HRB Board
receives from a third party a bona fide written offer to purchase RSMM and its subsidiaries and the
HRB Board subsequently determines to engage in negotiations with such third party with the intent
to consummate such offer or to otherwise sell RSMM and its subsidiaries, it will notify the M&P
Board of such proposed sale in writing within a reasonable period of time prior to the entry into a
definitive agreement with such third party relating to such proposed sale, providing M&P a
reasonable opportunity to submit a bona fide written offer to purchase RSMM and its subsidiaries.
Any such offer must include the proposed cash purchase price for RSMM and its subsidiaries, a
summary of the other material terms and conditions of the proposed purchase and, to the extent
financing is contemplated to fund the proposed purchase, evidence of committed financing. The HRB
Board may accept or reject M&P’s proposed offer in its sole discretion (it being understood that if
M&P’s proposed offer is rejected, the HRB Board may consummate the proposed third party sale or any
other sale in its sole determination, regardless of whether the purchase price of the proposed
third party sale is lower than M&P’s proposed purchase price or the terms and conditions of the
proposed third party sale are less favorable to HRB than those of M&P’s proposed offer). It is
understood that the foregoing rights of M&P and obligations of RSMM will not apply to any spin-off
of RSMM or to an initial public offering of RSMM (whether with the intent to subsequently spin off
RSMM or otherwise). M&P acknowledges and agrees that HRB will in no case be under any obligation
to accept or consummate any proposed offer to purchase RSMM and its subsidiaries from M&P (or from
any third party), that this provision does not confer a right of first refusal on M&P, and that M&P
has no rights to purchase RSMM and its subsidiaries. M&P further acknowledges and agrees that RSMM
and its subsidiaries are not for sale and that the foregoing does not commit or in any way reflect
an intention of HRB to cause the sale of RSMM and its subsidiaries.

     11.4 This Agreement, together with the Governance and Operations Agreement, the Loan Agreement
and the Joint Ownership Agreement, contain the complete understanding of the parties with respect
to the subject matter hereof and no modification or waiver of any provision hereof shall be valid
unless in writing and signed by the parties, unless specifically provided to the contrary. This
Agreement may not be amended except by an instrument in writing signed by RSMM and M&P.
Notwithstanding anything to the contrary herein, no party shall be required to violate any law or
the good faith reasonable exercise of such party’s professional responsibility.

12. Governing Law. This Agreement shall be governed and interpreted in all respects
pursuant to the internal and substantive laws of the State of Missouri without regard to conflict
of laws principles which might cause the law of another jurisdiction to apply.

13. Right to Offset. M&P agrees that RSMM may offset amounts due M&P hereunder against
amounts due RSMM hereunder. Such right to offset shall arise if M&P fails to pay such amounts owed
to RSMM within thirty (30) days after written notice to the M&P’s Representative. In the event
that any such offset is made but is finally determined by mediation, arbitration or a court of
competent jurisdiction to be improper and such offset is revised, RSMM shall pay interest, at the
Prime Rate, on the amount of such offset for the period such offset was in effect. “Prime
Rate” means the “prime rate” as published in the “Money Rates” section of The Wall Street
Journal or successor section and/or publication. If The Wall Street Journal ceases to publish the
“prime rate,” then the “Prime Rate” shall be the prime rate as announced from time to time by HRB’s
lead agent bank under its senior credit facilities.

13

 

14. Arbitration; Interim Relief. Any controversy, claim or dispute arising out of or
relating to this Agreement or any actual or alleged breach of any provisions hereof, including
without limitation any dispute concerning the scope of the arbitration clause set forth below (a
“Dispute”), shall be resolved as set forth below, except that (a) this Section 14 shall not
apply to any controversy, claim or dispute asserted by either party hereto against the other
arising out of or related to a controversy, claim or dispute asserted by a third person (other than
M&P and/or any of its Partners or RSMM) against either or both parties to this Agreement, nor to
any controversy, claim or dispute where a third party (other than M&P and/or any of its Partners or
RSMM) would be an indispensable party under the Federal Rules of Civil Procedure and (b) any
Dispute subject to Section 10(a)(i) of the Governance and Operations Agreement shall be resolved as
described in Section 8 of the Final Award (as defined in the Governance and Operations Agreement).

     14.1 In the event a Dispute arises relating to this Agreement, the parties shall first
negotiate in good faith to resolve such dispute in accordance with the dispute escalation and
resolution process described in Section 9.3 hereof before proceeding to mediation pursuant to
Section 14.2 hereof.

     14.2 In the event that the parties have complied with Section 9.3 hereof and the Dispute has
not been resolved within 60 days after service of the Notice as provided in Section 9.3, or in the
event the parties failed to meet within 30 days after delivery of a Notice, either party may demand
mediation in accordance with the CPR Institute for Dispute Resolution (“CPR”) Mediation
Procedure then currently in effect in the location where any arbitration would be conducted as set
forth below, in writing with copies to all other parties involved in the Dispute. The notification
will state with specificity the nature of the Dispute. Unless the parties agree otherwise, the
parties will select a mediator from the CPR Panels of Distinguished Neutrals (the
“Mediator”). If the parties do not agree on the Mediator within five (5) business days
after either party delivers a demand for mediation, the CPR will provide the parties on an
expedited basis a list of three candidates, with their resumes and hourly rates. If the parties
are unable to agree on a candidate from the list within three (3) business days following receipt
of the list, each party will, within five (5) business days following receipt of the list, send to
CPR the list of candidates ranked by order of preference. The candidate with the lowest combined
score will be appointed as the mediator by the CPR. The CPR will break any tie. Upon appointment,
the Mediator will immediately convene a telephone conference of the parties hereto. The parties
will make a representative, with full authority to settle, available for such a conference. During
the initial telephone conference, the parties will agree on mediation procedures or, in the event
they cannot agree, the Mediator will set the mediation procedures. The mediation procedures will
provide for the mediation to be completed within thirty (30) business days after the date of the
initial demand for mediation. The parties will participate in good faith in the mediation and will
use their best efforts to reach a resolution within the thirty (30) day time period. Each party
will make available in a timely fashion a representative with authority to resolve the Dispute.
Absent agreement of the parties otherwise, in the event that the Dispute has not been resolved
within thirty (30) days, the mediation shall be deemed terminated. In the event that the mediation
continues beyond thirty (30) days by agreement of the parties, but is not resolved within what the
Mediator believes is a reasonable time thereafter, the Mediator will declare the mediation
terminated. Fees of the mediator shall be split equally between RSMM, on the one

14

 

hand, and M&P, on the other hand. In the event one party fails to participate in the dispute
resolution process set forth in Section 9.3, the other party can immediately initiate mediation.

     14.3 Any Dispute that has not been resolved by negotiation or mediation as provided herein as
of the termination of the mediation and no later than 45 days after delivery of a mediation demand
shall be settled by binding arbitration in accordance with the CPR Rules for Non-Administered
Arbitration then currently in effect, as supplemented or modified herein (the “Rules”) by
three independent and impartial arbitrators of whom each party shall designate one and those two
arbitrators shall jointly select the third arbitrator, unless they are unable to agree on the
selection of the third arbitrator, in which case the third arbitrator shall be determined pursuant
to the Rules. The arbitration shall be governed by the Federal Arbitration Act, 9 U.S.C. §§ 1 et
seq., and judgment upon the award rendered by the arbitrators may be entered in any court having
jurisdiction thereof. In the event one party fails to participate in accordance with the dispute
resolution process set forth in Section 9.3 or in the mediation as set forth in Section 14.2
herein, the other party can immediately commence arbitration. The governing law of this Agreement
shall be the law used by the arbitrators in rendering their award as set forth in Section 12,
except that the Federal Rules of Evidence shall apply and that the parties have the right and shall
be permitted to conduct and enforce full pre-hearing discovery in accordance with and to the same
extent permitted by the Federal Rules of Civil Procedure. Pending final award, the compensation
and expenses of the third arbitrator selected by the arbitrators designated by the parties shall be
split equally between RSMM, on the one hand, and M&P, on the other hand, and each of the parties
shall bear the compensation and expenses of its designated arbitrator. The CPR shall hold an
administrative conference with counsel for the parties within twenty (20) days after the filing of
the demand for arbitration by any one or more of the parties. The parties and the CPR shall
thereafter cooperate in order to complete the appointment of three arbitrators as quickly as
possible. Within fifteen (15) days after all three arbitrators have been appointed, an initial
meeting (which, if the arbitrators so determine, may be by phone) among the arbitrators and counsel
for the parties shall be held for the purpose of establishing a plan for administration of the
arbitration, including: (1) definition of issues; (2) scope, timing, and types of discovery; (3)
exchange of documents and filing of detailed statements of claims, pre-hearing memoranda and
dispositive motions; (4) schedule and place of hearings; and (5) any other matters that may promote
the efficient, expeditious, and cost effective conduct of the proceeding. The parties and the
arbitrators shall endeavor in good faith to complete the arbitration as quickly as possible. Each
party shall have the right to request that the arbitrators make specific findings of fact.

     14.4 The majority decision of the arbitrators shall contain findings of fact on which the
decision is based, including any specific factual findings requested by either party, and shall
further contain the reasons for the decision with reference to the legal principles on which the
arbitrators relied. Such decision of the arbitrators shall be final and binding upon the parties.
Absent agreement of the parties otherwise, the arbitration shall take place in Minneapolis,
Minnesota if the party requesting same is RSMM, or Kansas City, Missouri, if the party requesting
same is M&P. The final award may grant such relief as authorized by the Rules, including damages
and out-of-pocket costs but which may not include exemplary or punitive damages.

     14.5 Nothing in this Agreement shall limit, interfere or delay any party from seeking at any
time interim relief from a court of competent jurisdiction.

15

 

     15. Notices. Any notice, request, consent or communication under this Agreement shall
be effective only if it is in writing and (a) personally delivered, (b) sent by certified or
registered mail, return receipt requested, postage pre-paid, (c) sent by a nationally recognized
overnight delivery service, with delivery confirmed, (d) e-mailed (with a copy simultaneously sent
by first class mail or any other delivery method permitted hereunder), or (e) telexed or
telecopied, with receipt confirmed, addressed as follows:

	 	 	 

	If to HRB:
	 	H&R Block, Inc.
	 
	 	One H&R Block Way
	 
	 	Kansas City, MO 64105
	 
	 	Attn.: Brian Woram
	 
	 	Facsimile: (816) 854-8500
	 
	 	E-mail: Brian.Woram@hrblock.com
	 
	 	 
	If to RSMM:
	 	RSM McGladrey, Inc.
	 
	 	One South Wacker Drive, Suite 800
	 
	 	Chicago, IL  60606
	 
	 	Attn.: Peter Fontaine
	 
	 	Facsimile: (312) 634-5513
	 
	 	E-mail: Peter.Fontaine@rsmi.com
	 
	 	 
	If to M&P:
	 	McGladrey & Pullen, LLP
	 
	 	3600 American Blvd., Third Floor
	 
	 	Bloomington, MN 55431-4502
	 
	 	Attn: David Scudder
	 
	 	Facsimile: (847) 517-7067
	 
	 	E-mail: dave.scudder@rsmi.com
	 
	 	 
	with a copy to:
	 	Katten Muchin Rosenman, LLP
	 
	 	525 W. Monroe Street, Suite 1900
	 
	 	Chicago, IL 60661
	 
	 	Attn: Herbert S. Wander
	 
	 	Facsimile: (312) 577-8885
	 
	 	E-mail: hwander@kattenlaw.com

or such other persons or addresses as shall be furnished in writing by any party to the other
party. A notice shall be deemed to have been given as of the date when (i) personally delivered,
(ii) three (3) days after the date when deposited with the United States mail properly addressed,
(iii) when receipt of a notice sent by an overnight delivery service is confirmed by such overnight
delivery service, or (iv) when receipt of the e-mail, telex or telecopy is confirmed, as the case
may be.

16. Withdrawal of Termination Notices; Integration. The parties hereby withdraw their
respective Termination Notices and agree that the 2006 Agreement shall govern RSMM’s provision of
the Administrative Services to M&P from the date of this Agreement through and until April 30,
2010. The parties further agree that no notice of termination of the 2006 Agreement or this
Agreement may be issued by either party during the period between the date

16

 

of this Agreement and April 30, 2010, and that any such purported notice of termination issued
prior to April 30, 2010 shall be void and of no force or effect. Effective as of May 1, 2010, this
Agreement will amend and restate in its entirety, and supersede and replace, the 2006 Agreement,
without any further action being required, and the 2006 Agreement shall have no further
applicability.

[Signature Pages Follow]

17

 

\

THIS AGREEMENT CONTAINS AN ARBITRATION PROVISION WHICH IS BINDING ON THE PARTIES HERETO.

IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed as of the day and
year first above written.

	 	 	 	 	 
	 	RSM MCGLADREY, INC.

 	 
	 	By:  	/s/ C.E. Andrews	 
	 	 	Name:  	C.E. Andrews	 
	 	 	Title:  	President	 
	 
	 	MCGLADREY & PULLEN, LLP

 	 
	 	By:  	/s/ Dave Scudder	 
	 	 	Name:  	Dave Scudder	 
	 	 	Title:  	Managing Partner	 
	 

The undersigned joins in this Agreement solely for purposes of Section 11.3:

	 	 	 	 	 
	 	H&R BLOCK, INC.

 	 
	 	By:  	/s/ Becky Shulman	 
	 	 	Name:  	Becky Shulman	 
	 	 	Title:  	S.V.P. and C.F.O.	 

18

 

	 	 	 	 	 

SCHEDULE 1.1

Administrative Services

Administrative Services to be provided by RSMM to M&P:

	1.	 	Provision and maintenance of suitable office space for sublease.

	2.	 	Recruiting, training and provision of nonprofessional staff, including clerical services.

	3.	 	Provision of office supplies, furniture, fixtures and equipment and leasehold improvements.

	4.	 	Provision of Information Systems development, management and support, including but not
limited to hardware, software, operating systems, network systems and Internet Services.

	5.	 	Provision and maintenance of a computer system and data processing activities.

	6.	 	Provision of billing services.

	7.	 	Scheduling and payment of accounts payable.

	8.	 	Assistance in collection of accounts receivable.

	9.	 	Preparation of payroll and related tax matters.

	10.	 	Records management as provided in Section 1.2.

	11.	 	Development of policies and procedures relating to the Administrative Services (except those
relating to the performance of Public Accounting Services or otherwise inconsistent with those
adopted by M&P).

	12.	 	Assistance in compliance with all regulatory requirements as requested by M&P.

	13.	 	Assistance in maintenance of the books and records of M&P.

	14.	 	Provision of annual budgeting assistance.

	15.	 	Provision and maintenance of a system of internal accounting.

	16.	 	Provision of insurance policies and provision of risk manager services except in each case, as
to the professional liability of M&P, including the gathering of underwriting data to submit to
broker (payroll, losses, locations, autos, etc.), securing and managing the third party administer
to administer workers’ compensation, general liability or auto claims that M&P may have, obtaining
Certificates or Evidences of Insurance for distribution with proposals and reviewing contract
language as it pertains to insurance.

 

 

EXHIBIT 1.4

Form of Power of Attorney

LIMITED POWER OF ATTORNEY

     On this                      day of                                         ,
20___, McGladrey & Pullen, LLP, an Iowa limited
liability partnership (hereinafter referred to as “M&P”), hereby authorizes and appoints as
its attorney-in-fact RSM McGladrey, Inc. (hereinafter referred to as “RSMM”), a corporation
organized under the laws of the State of Delaware and having its principal place of business at
4400 Main Street, Kansas City, Missouri 64111, and its successors, to carry out its duties under
the Amended and Restated Administrative Services Agreement of even date herewith (the
“ASA”) in accordance with, but not limited to, the following:

	 	1.	 	To enter into and execute contracts (with amounts due and payable thereunder
not to exceed One Hundred Thousand Dollars ($100,000)) relating to the performance of
Administrative Services as defined in the ASA but do not relate to the performance of
Public Accounting Services; and
	 
	 	2.	 	To deposit into M&P account(s), all funds, fees and revenues generated from the
Business and to make withdrawals from the M&P account(s) for payment to creditors,
including without limitation, RSMM and the employees of M&P and other persons who
perform services on behalf of M&P.

     This Limited Power of Attorney may be revoked by M&P at anytime with respect to matters
following the date of revocation. In the event of such revocation, M&P shall indemnify and hold
RSMM harmless for any and all costs, expenses or damages incurred by RSMM as a result of the
revocation.

     This Limited Power of Attorney shall terminate on the expiration or earlier termination of the
Administrative Services Agreement.

     All capitalized terms not otherwise defined herein shall have the meaning given to them in
that certain Administrative Services Agreement of even date hereto.

	 	 	 	 	 
	 	McGLADREY & PULLEN, LLP

 	 
	 	By:  	 	 
	 	 	Dave Scudder, Managing Partner 	 
	 	 	 	 
	 

	 	 	 	 	 	 
	 	 
	STATE OF 

	 	)	 	 	 
	 	 	) ss.	 
	 
	COUNTY OF 

	 	)	 	 	 

 

 

     On this _____________ day of ___________, 20___, before me, _______________________, a Notary public
in and for said state, personally appeared Dave Scudder of McGladrey & Pullen, LLP, who executed
the above document, and acknowledged to me that he is the Managing Partner of McGladrey & Pullen,
LLP, and executed the same for the purposes therein stated.

     IN TESTIMONY WHEREOF, I have hereunto set my hand and affixed my official seal the day and
year last above written.

                                                               

My commission expires:                           

2

 

SCHEDULE 4.1.1

With reference to Section 4.1.1, the proportion of the space utilized by each party shall be
calculated as follows:

	 	1.	 	The relative use of space as between RSMM & M&P attest FTEs at the inception of
the subleases or March 1, 2010 (for purposes of FY 2011 planned allocation) for all
shared locations to determine annual base rents allocated to each party. The
proportionate share of annual base rents will be used to allocate total location
occupancy costs. A true-up calculation will be performed on March 1st of each year.
	 
	 	2.	 	The relative use of space as between RSMM and M&P on March 1st of each year
will be used for both the current year’s true-up calculation as well as for the initial
budgeted allocation for the following fiscal year. True-up adjustments will be made if
the computed annual base rents based on March 1 FTEs changed by more than 2% from the
planned allocation.
	 
	 	3.	 	Merged-in locations and add-on mergers will be added at the merger inception
date in the same manner as a new subleased location. These locations will trigger an
adjustment to both the number of FTEs at the inception date and the number of FTE’s at
the end of the fiscal year.
	 
	 	4.	 	If RSMM or M&P exits a location under sublease, then that location will be
removed from the proportionate share calculation and both parties shall pay occupancy
costs based on the proportion of FTE’s as of the lease inception date.

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