Document:

AMENDMENT AND JOINDER AGREEMENT

 Exhibit 10.6 
 AMENDMENT NO. 2 TO CREDIT AGREEMENT 
 AND JOINDER AGREEMENT 
 THIS AMENDMENT NO. 2 TO CREDIT AGREEMENT AND JOINDER AGREEMENT (the “Amendment Agreement”), dated as of September 10,
2007, is made by and among HILB ROGAL & HOBBS COMPANY, a Virginia corporation (the “Borrower”), each of the Guarantor Subsidiaries (as defined in the Credit Agreement described below), BANK OF AMERICA,
N.A., a national banking association organized and existing under the laws of the United States (“Bank of America”), in its capacity as administrative agent for the Lenders (in such capacity, the
“Administrative Agent”), each of the existing Lenders under such Credit Agreement (collectively, the “Existing Lenders”), and each of the Persons becoming Lenders by the execution of this Amendment
Agreement (the “Joining Lenders”). Capitalized terms used but not otherwise defined herein have the respective meanings ascribed to them in the Credit Agreement as defined below. 
 WITNESSETH: 
 WHEREAS,
the Borrower, the Administrative Agent and the Lenders have entered into that certain Credit Agreement dated as of April 26, 2006 (as amended by Amendment No. 1 to Credit Agreement dated as of July 13, 2007, as hereby amended and as
from time to time hereafter further amended, modified, supplemented, restated, or amended and restated, the “Credit Agreement”); and 
 WHEREAS, as a condition to making the term loan facility and the revolving credit facility available to the Borrower the Lenders have required that all Domestic Subsidiaries of the Borrower guarantee payment of
the Obligations; and 
 WHEREAS, the Borrower plans to enter into an agreement to acquire an entity as disclosed in a confidential
letter on file with the Administrative Agent (the “Disclosed Acquisition”); and 
 WHEREAS, in
connection with the Disclosed Acquisition, the Borrower intends to enter into a Note Purchase and Private Shelf Agreement, dated September 10, 2007, among the Borrower with The Prudential Insurance Company of America
(“Prudential”) and certain other holders of the Senior Notes (together with Prudential, the “Senior Note Holders”), as the same may be amended, restated, supplemented or modified from time to time in
compliance with the terms of the Credit Agreement and the Intercreditor Agreement among the Senior Note Holders, the Administrative Agent, the Collateral Agent, the Lenders and the Borrower, pursuant to which the Senior Note Holders agree to
purchase certain Senior Secured Notes in an aggregate principal amount of up to $200,000,000 (the “Senior Notes”) (such transaction, the “Senior Note Purchase”), to be secured by a first priority
perfected lien on the Pledged Interests; and 
 WHEREAS, the Borrower has requested that the Lenders amend certain provisions of the
Credit Agreement to permit the Disclosed Acquisition, the issuance of the Senior Notes and a parity lien on the Pledged Interests to secure the Senior Notes; and 
 WHEREAS, the Borrower has further requested that the Lenders provide additional Revolving Credit Commitments in the aggregate amount of up to $125,000,000 (which additional Revolving Credit Commitments shall be
in addition to those available to be requested by the Borrower under Section 2.15 of the Credit Agreement) from certain of the Revolving Lenders and from the Joining Lenders, each of which is an Eligible Assignee (each such additional
Revolving Credit Commitments of such Lenders, an “Incremental Commitment”); and 
 WHEREAS, concurrently with
the above referenced transactions, all amounts outstanding under the Term Loan will be paid in full in cash and the Term Loan Facility will be terminated; and 

 WHEREAS, the Administrative Agent, the undersigned Lenders (including without limitation the
Joining Lenders designated on the signature pages hereto) are willing to effect such amendments and certain of the Revolving Lenders and the Joining Lenders are willing to provide such Incremental Commitments on the terms and conditions contained in
this Amendment Agreement; 
 NOW, THEREFORE, in consideration of the premises and conditions herein set forth, it is hereby agreed as
follows: 
 1. Consents. (a) Subject to the terms and conditions set forth herein, the Administrative Agent and the undersigned
Lenders (including without limitation the Joining Lenders designated on the signature pages hereto) hereby consent to the consummation of the Senior Note Purchase and the Disclosed Acquisition. 
 (b) Subject to the terms and conditions set forth herein, the Administrative Agent and the undersigned Lenders (including without limitation the Joining
Lenders designated on the signature pages hereto) hereby waive, for, but only for, the 30 day period following the Second Amendment Effective Date, the following requirements for the Borrower’s exercise of an increase in the Revolving Credit
Commitments under Section 2.15 of the Credit Agreement: (i) the minimum principal amount of any such increase, (ii) the requirement for notice to the Lenders of any request for an increase, (iii) the minimum ten Business
Day period in which Lenders have the right to respond to such request and (iv) such other procedural requirements relating to the exercise of the increase in Commitments under such Section 2.15 as the Administrative Agent may waive
in its sole discretion. 
 2. Amendment. Subject to the terms and conditions set forth herein, the Credit Agreement is hereby amended
effective as of the date hereof as follows: 
 (a) The existing definition of “Acquisition Indebtedness” in
Section 1.01 is deleted in its entirety and the following is inserted in lieu thereof: 
 “ ‘Acquisition Indebtedness’ means (i) the Existing Seller Notes, and (ii) unsecured Indebtedness of the Borrower and its Subsidiaries issued in connection with Permitted Acquisitions to a Target or its
shareholders (either (x) at the time of such Acquisition or (y) to evidence an earnout obligation in respect of such Acquisition at the time such earnout obligation becomes due) that is evidenced by one or more written agreements or
instruments which shall provide that such Indebtedness (a) shall have covenants and undertakings, that, taken as a whole, are materially less restrictive than those contained herein, and (b) shall bear a cash interest rate not exceeding
12.5% per annum, including similar “seller-financed” Indebtedness of a Target that is assumed by the Borrower or a Subsidiary in connection with a Permitted Acquisition.” 
 (b) The existing definition of “Cash Equivalents” in Section 1.01 is amended by deleting “$500,000,000” in the
eighth line and inserting “$250,000,000” in lieu thereof. 
 (c) The existing definition of “Loan Documents” in
Section 1.01 is deleted in its entirety and the following is inserted in lieu thereof: 
 “ ‘Loan Documents’ means this Agreement, each Note, the Guaranty (including each Guaranty Joinder Agreement), the Pledge Agreement (including each Pledge Joinder Agreement), the Intercreditor Agreement, each
Revolving Loan Notice, each Term Loan Interest Rate Selection Notice, each Issuer Document, the Fee Letter and each Compliance Certificate, and all other instruments and documents heretofore or hereafter executed or delivered to or in favor of any
Lender or the Administrative Agent in connection with the Loans made and transactions contemplated by this Agreement. 
 (d) The existing
definition of “Pledge Agreement ” in Section 1.01 is deleted in its entirety and the following is inserted in lieu thereof: 
 “ ‘Pledge Agreement’ means that certain Amended and Restated Pledge Agreement dated as of the Second Amendment
Effective Date among the Borrower, certain Guarantors and the Collateral Agent, substantially in the form of Exhibit G, as supplemented from time to time by the execution and delivery of Pledge Joinder Agreements pursuant to
Section 6.12, as the same may be otherwise supplemented (including by Pledge Agreement Supplement).” 

 (e) The existing definition of “Revolving Credit Facility” in Section 1.01
is amended by deleting “$325,000,000” and inserting “$445,000,000” in lieu thereof. 
 (f) The following definitions are
added to Section 1.01 in the appropriate alphabetical locations therein: 
 “ ‘Anti-Terrorism
Order” shall mean Executive Order No. 13224 of September 24, 2001, Blocking Property and Prohibiting Transactions with Persons Who Commit, Threaten to Commit or Support Terrorism, 66 U.S. Fed. Reg. 49, 079 (2001), as amended.

 “ ‘Collateral Agent ’ has the meaning assigned to that term in Section 9.11.

 “ ‘Disclosed Acquisition’ means the Acquisition of an entity as disclosed in a confidential
letter on file with the Administrative Agent. 
 “ ‘Incremental Commitments’ means an amount equal
to $120,000,000, consisting of (a) increases in the Revolving Credit Commitments of certain Revolving Lenders that were party to the Credit Agreement prior to the effectiveness of the Amendment No. 2 to Credit Agreement and Joinder
Agreement dated as of September 10, 2007 (the “Second Amendment ”), and (b) any Revolving Credit Commitments of Revolving Lenders that joined the Credit Agreement as Revolving Lenders hereunder pursuant to the Second
Amendment. 
 “ ‘Intercreditor Agreement ’ means that certain Intercreditor and Collateral
Agency Agreement among the Borrower, the Administrative Agent, the Collateral Agent, and each Senior Note Holder, as the same made be amended, supplemented or otherwise modified from time to time in compliance herewith or therewith. 
 “ ‘Prudential” means The Prudential Insurance Company of America, a New Jersey insurance company. 

“ ‘Second Amendment Effective Date’ means September 10, 2007. 
 “ ‘Senior Note Purchase Agreement’ means that certain Note Purchase and Private Shelf Agreement among the
Borrower and the Senior Note Holders dated September 10, 2007, as amended, restated, extended, supplemented or otherwise modified in compliance herewith and with the Intercreditor Agreement. 
 “ ‘Senior Notes’ means the Senior Secured Notes issued pursuant to the Senior Note Purchase Agreement, in an
aggregate principal amount of up to $200,000,000; provided that in no event shall the maturity of such Senior Secured Notes occur prior to August 31, 2011. 
 “ ‘Senior Note Holders’ means Prudential and the other note holders party to the Senior Note Purchase
Agreement.” 
 (g) Section 2.14 is deleted in its entirety and the following is inserted in lieu thereof: 
 “2.14 Sharing of Payments by Lenders. (a) If any Lender shall, by exercising any right of setoff or counterclaim or
otherwise, obtain payment in respect of any principal of or interest on any of the Revolving Loans or the portion of the Term Loan made by it, or the participations in L/C Obligations or in Swing Line Loans held by it resulting in such Lender’s
receiving payment of a proportion of the aggregate amount of such Loans or participations and accrued interest thereon greater than its pro rata share thereof as provided herein, then the Lender receiving such greater proportion shall
(a) notify the Administrative Agent of such fact, and (b) purchase (for cash at face value) participations in the applicable Revolving Loans and subparticipations in L/C Obligations and Swing Line Loans of the other Revolving Lenders, or,
as applicable, purchase (for cash at face value) participations in the portions of the Term Loan held by the other Term Loan Lenders, or make such other adjustments as shall be equitable, so that the benefit of all such payments shall be shared by
the applicable Lenders ratably in accordance with the aggregate amount of principal of and accrued interest on their respective applicable Loans and other amounts owing them, provided that: 
 “(i) if any such participations or subparticipations are purchased and all or any portion of the payment giving rise thereto is
recovered, such participations or subparticipations shall be rescinded and the purchase price restored to the extent of such recovery, without interest; and 

 “(ii) the provisions of this Section 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 or (y) any payment obtained by a Lender as consideration for the assignment of or sale of a participation in any of its Revolving Loans, portion
of the Term Loan or subparticipations in L/C Obligations or Swing Line Loans to any assignee or participant, other than to the Borrower or any Subsidiary thereof (as to which the provisions of this Section 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 setoff 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. 
 “(b) Notwithstanding the foregoing Section 2.14(a), each Lender hereby agrees to be bound
by the provisions of the Intercreditor Agreement, and further agrees that in the event that any Lender receives any payment to which Section 2.14(a) would otherwise apply and any portion of such payment is required to be distributed
pursuant to the Intercreditor Agreement, such Lender shall promptly notify the Administrative Agent thereof (including calculations of the amount to be distributed pursuant to the Intercreditor Agreement, which may be made in consultation with the
Administrative Agent) and will distribute such amount to Persons other than Lenders entitled thereto in accordance with the terms of the Intercreditor Agreement, with the balance of such amount otherwise subject to Section 2.14(a) being
distributed in accordance therewith.” 
 (h) Section 2.15(a) is amended by adding the parenthetical “(not including and
in addition to the Incremental Commitments)” in the sixth line thereof immediately after “$125,000,000”. 
 (i)
Section 6.03 is amended by adding the following new subsection (f) after subsection (e): 
 “(f)(i) the
occurrence of any default or event of the default under the Senior Note Purchase Agreement, or (ii) any amendment or modification of the Senior Note Purchase Agreement, together with a copy thereof.” 
 (j) Article VI is amended by inserting the following new Section 6.15 after Section 6.14: 
 “6.15 ERISA. (a) Deliver to the Administrative Agent promptly and in any event within ten (10) days after it knows
or has reason to know of the occurrence of any event of the type specified in Section 8.01(i) notice of such event and the likely impact on the Borrower and its Subsidiaries. 
 “(b) In the event it or any Subsidiary have participated, now participates or will participate in any Plan or Multiemployer Plan,
deliver to the Administrative Agent: (i) promptly and in any event within ten (10) days after it knows or has reason to know of the occurrence of a Reportable Event with respect to a Plan, a copy of any materials required to be filed with
the PBGC with respect to such Reportable Event, together with a statement of the chief financial officer of the Borrower setting forth details as to such Reportable Event and the action which the Borrower proposes to take with respect thereto;
(ii) at least ten (10) days prior to the filing by any plan administrator of a Plan of a notice of intent to terminate such Plan, a copy of such notice; (iii) promptly upon the reasonable request of the Administrative Agent, and in no
event more than ten (10) days after such request, copies of each annual report on Form 5500 that is filed with the Internal Revenue Service, together with certified financial statements for the Plan (if any) as of the end of such year and
actuarial statements on Schedule B to such Form 5500; (iv) promptly and in any event within ten (10) days after it knows or has reason to know of any event or condition which might constitute grounds under section 4042 of ERISA for the
termination of, or the appointment of a trustee to administer, any Plan, a statement of the chief financial officer of the Borrower describing such event or condition; (v) promptly and in no event more than ten (10) days after its or any
ERISA Affiliate’s receipt thereof, the notice concerning the imposition of any withdrawal liability under section 4202 of ERISA; and (vi) promptly after receipt thereof, a copy of any notice the Borrower or any ERISA Affiliate may receive
from the PBGC or the Internal Revenue Service with respect to any Plan or Multiemployer Plan; provided, however, that this Section 6.15(b) shall not apply to notices of general application promulgated by the PBGC or the
Internal Revenue Service.” 

 (k) Section 7.03 is amended by adding the following new subsection (i) after subsection
(h): 
 “(i) Indebtedness under the Senior Notes.” 
 (l) Section 7.09 is deleted in its entirety and the following is inserted in lieu thereof: 
 “7.09 Burdensome Agreements. Enter into any Contractual Obligation (other than this Agreement, the Senior Note Purchase
Agreement or any other Loan Document) that (a) limits the ability (i) of any Subsidiary to make Restricted Payments or Ordinary Dividends to the Borrower or any Guarantor or to otherwise transfer property to the Borrower or any Guarantor,
(ii) of any Subsidiary to Guarantee the Indebtedness of the Borrower or (iii) of the Borrower or any Subsidiary to create, incur, assume or suffer to exist Liens on property of such Person; provided, however, that this clause
(iii) shall not prohibit any negative pledge incurred or provided in favor of any holder of Indebtedness permitted under Section 7.03(e) solely to the extent any such negative pledge relates to the property financed by or the
subject of such Indebtedness; or (b) requires the grant of a Lien to secure an obligation of such Person if a Lien is granted to secure another obligation of such Person.” 
 (m) Section 7.10(a) is deleted in its entirety and the following is inserted in lieu thereof: 
 “(a) Acquisitions. Enter into any agreement, contract, binding commitment or other arrangement providing for any Acquisition
(other than the Disclosed Acquisition), or take any action to solicit the tender of securities or proxies in respect thereof in order to effect any Acquisition (other than the Disclosed Acquisition), except that, so long as no Default shall have
occurred and be continuing at the time of any action described below or would result therefrom: 
 “(i) the Borrower or
any Subsidiary may make any Acquisition in the event that, as of the most recent fiscal quarter end, and on a pro forma basis as of such date giving effect to such Acquisition (including the financing thereof), the Consolidated Leverage Ratio is
less than 2.00 to 1.00; and 
 “(ii)(A) from the Closing Date through the fiscal year ended December 31, 2007,
if, as of the most recent fiscal quarter end, and on a pro forma basis as of such date giving effect to any proposed Acquisition (including the financing thereof), the Consolidated Leverage Ratio is equal to or greater than 2.00 to 1.00, then the
Borrower or any Subsidiary may nevertheless make any such proposed Acquisition provided that the Cost of Acquisition thereof, together with (i) the Costs of Acquisition of each other Acquisition (other than the Disclosed Acquisition)
consummated during the fiscal year in which such proposed Acquisition is to be made and (ii) the aggregate amount of all performance-based earnout payments expected to be payable in respect of such fiscal year, does not exceed $300,000,000; and
(B) from January 1, 2008 through the Maturity Date, if, as of the most recent fiscal quarter end, and on a pro forma basis as of such date giving effect to any proposed Acquisition (including the financing thereof), the Consolidated
Leverage Ratio is equal to or greater than 2.00 to 1.00, then the Borrower or any Subsidiary may nevertheless make any such proposed Acquisition provided that the Cost of Acquisition thereof, together with (i) the Costs of Acquisition of each
other Acquisition consummated during the fiscal year in which such proposed Acquisition is to be made and (ii) the aggregate amount of all performance-based earnout payments expected to be payable in respect of such fiscal year, does not exceed
an amount equal to 125% of Consolidated EBITDA for the prior fiscal year; provided that with respect to each fiscal year in which an Acquisition is consummated in reliance on this Section 7.10(a)(ii), the Borrower shall deliver a
certification (which may be included in the Compliance Certificate delivered concurrently with the audited annual financial statements pursuant to Section 6.01(a)) to the Administrative Agent demonstrating actual compliance with this
Section 7.10(a)(ii);” 
 (n) Article VII is amended by inserting the following new Sections 7.12 and
7.13 after Section 7.11: 
 “7.12 Senior Notes. (a) Make any payment in respect of
principal of Indebtedness created pursuant to the Senior Note Purchase Agreement prior to the scheduled due date thereof, unless, if after giving pro forma effect to any such payment, the Borrower is in compliance with the financial covenants set
forth in Section 7.11, as evidenced in a Compliance Certificate delivered to the Administrative Agent prior to the making of such prepayment. 

 “(b) Enter into or suffer to exist any amendment or modification (i) to the
amortization schedule or prepayment provisions of the Indebtedness created under the Senior Note Purchase Agreement or (ii) modify any of the terms or conditions set forth in the Senior Note Purchase Agreement if such modification
(A) would materially conflict with or be materially more restrictive than the terms or provisions of this Agreement, (B) would provide for collateral security for such Indebtedness in excess of that provided under such agreements as of the
Second Amendment Effective Date, (C) would expand any negative pledge provision provided for therein, or (D) would increase the maximum aggregate principal amount of Senior Notes available to be issued under the Senior Note Purchase
Agreement. 
 “7.13 Terrorism Sanctions Regulations. (a) Become a Person described or designated in the
Specially Designated Nationals and Blocked Persons List of the Office of Foreign Assets Control or in Section 1 of the Anti-Terrorism Order or (b) knowingly engage in any dealings or transactions with any such Person.” 
 (o) Section 8.01(e) is amended to add a new clause (iii) at the end thereof as follows: 
 “(iii) there occurs any Event of Default (as defined in the Senior Note Purchase Agreement) under the Senior Note Purchase Agreement
other than an Event of Default (as defined therein) under Section 7A(v) thereof;” 
 (p) The first paragraph of
Section 8.03 is deleted in its entirety and the following is inserted in lieu thereof: 
 “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 and the L/C Obligations have automatically been required to be Cash
Collateralized as set forth in the proviso to Section 8.02), any amounts received on account of the Obligations (including amounts received pursuant to the Intercreditor Agreement) shall be applied by the Administrative Agent, subject to
the provisions of the Intercreditor Agreement, in the following order:” 
 (q) Article IX is amended by inserting the following
new Section 9.11 after Section 9.10 : 
 “9.11 Collateral Agent. (a) The
Administrative Agent and each Lender hereby appoints Bank of America as collateral agent (the ‘Collateral Agent’) on its behalf for all purposes of the Pledge Agreement, including without limitation the purpose of holding any
Pledged Interest. The Collateral Agent shall be entitled to the same rights under and benefits of this Article IX as the Administrative Agent, and all references in this Agreement to the Administrative Agent as a secured party, grantee or
recipient of any Pledged Interest or as a party to the Pledge Agreement shall be deemed to refer to the Collateral Agent, and all references to the Administrative Agent in connection with any right of indemnification or exculpation or any right to
payment of fees, costs or expenses or other Obligations owing to it from time to time, shall be deemed to include (without limitation) the Collateral Agent, except in each case where the context otherwise requires. The Administrative Agent, each
Lender and the L/C issuer hereby authorize the Collateral Agent to enter into the Intercreditor Agreement and each Lender and the L/C Issuer hereby authorize the Administrative Agent to enter into any amendment to the Pledge Agreement necessary to
reflect the appointment of the Collateral Agent and the parity lien on the Pledged Interests in favor of the Senior Note Holders. 
 “(b) The Administrative Agent, each Lender and the L/C issuer hereby irrevocably authorize the Collateral Agent, at its option and in its discretion, to release any Lien on any property granted to or held by the Collateral Agent under
any Loan Document (A) upon termination of the Aggregate Commitments and payment in full of all Obligations (other than contingent indemnification obligations) and the expiration or termination of all Letters of Credit, (B) that is sold or
to be sold as part of or in connection with any sale permitted hereunder or under any other Loan Document, (C) subject to Section 10.01, if approved, authorized or ratified in writing by the Required Lenders, or (D) in
connection with any foreclosure sale or other disposition of the Pledged Interests after the occurrence of an Event of Default; and to subordinate any Lien on any property granted to or held by the Collateral Agent under any Loan Document to the
holder of any Lien on such property that is permitted by this Agreement or any other Loan Document. 

 “(c) Upon request by the Collateral Agent at any time, each Lender and the L/C
Issuer will confirm in writing the Collateral Agent’s authority to release or subordinate its interest in any of the Pledged Interests pursuant to this Section 9.11(c). 
 “(d) Subject to subsection (b) above, the Collateral Agent shall (and is hereby irrevocably authorized by the Administrative
Agent, each Lender and the L/C Issuer, to execute such documents as may be necessary to evidence the release or subordination of the Liens granted to the Collateral Agent for the benefit of the Administrative Agent, the Collateral Agent and Lenders
and the L/C Issuer herein or pursuant hereto upon the applicable Pledged Interest; provided that (i) the Collateral Agent shall not be required to execute any such document on terms which, in the Collateral Agent’s opinion, would
expose the Collateral Agent to or create any liability or entail any consequence other than the release or subordination of such Liens without recourse or warranty and (ii) such release or subordination shall not in any manner discharge, affect
or impair the Obligations or any Liens upon (or obligations of Borrower in respect of) all interests retained by Borrower, including the proceeds of any sale of the Pledged Interest, all of which shall continue to constitute part of the Pledged
Interests. In the event of any sale or transfer of any Pledged Interest, or any foreclosure with respect to any of the Pledged Interests, the Collateral Agent shall be authorized to deduct all expenses reasonably incurred by the Collateral Agent
from the proceeds of any such sale, transfer or foreclosure. 
 “(e) The Collateral Agent shall have no obligation
whatsoever to any Lender, the L/C Issuer or any other Person to assure that the Pledged Interests exist or are owned by Borrower or any of its Subsidiaries or are cared for, protected or insured or that the Liens granted to the Collateral Agent
herein or in the Pledge Agreement or pursuant hereto or thereto have been properly or sufficiently or lawfully created, perfected, protected or enforced or are entitled to any particular priority, or to exercise or to continue exercising at all or
in any manner or under any duty of care, disclosure or fidelity any of the rights, authorities and powers granted or available to the Collateral Agent in this Section 9.11(e) or in the Pledge Agreement, it being understood and agreed
that in respect of the Pledged Interests, or any act, omission or event related thereto, the Collateral Agent may act in any manner it may deem appropriate, in its sole discretion, given the Collateral Agent’s own interest in the Pledged
Interests as one of the Lenders and that the Collateral Agent shall have no duty or liability whatsoever to Lenders or the L/C Issuer. 
 “(f) Each Lender and the L/C Issuer hereby appoints each other Lender as the agent for the purpose of perfecting Lenders’ and the L/C Issuer’s security interest in assets which, in accordance with
Article 9 of the UCC can be perfected only by possession. Should any Lender or the L/C Issuer (other than the Collateral Agent) obtain possession of any such Pledged Interests, such Lender or the L/C Issuer shall notify the Collateral Agent thereof,
and, promptly upon the Collateral Agent’s request therefor shall deliver such Pledged Interests to the Collateral Agent or in accordance with the Collateral Agent’s instructions.” 
 (r) The first paragraph of Section 10.01 is deleted in its entirety and the following is inserted in lieu thereof: 
 “10.01 Amendments, Etc. No amendment or waiver of any provision of this Agreement or any other Loan Document, and no consent
to any departure by the Borrower or any other Loan Party therefrom, shall be effective unless in writing signed by the Required Lenders (or, in the case of the Intercreditor Agreement, by the Administrative Agent with the written consent of the
Required Lenders) and the Borrower or the applicable Loan Party (or, in the case of the Intercreditor Agreement, by the other parties required to be party thereto pursuant to the terms thereof), as the case may be, and acknowledged by the
Administrative Agent, and each such waiver or consent shall be effective only in the specific instance and for the specific purpose for which given; provided, however, that no such amendment, waiver or consent shall: 
 (s) The existing Schedule 2.01 is deleted it in its entirety and Schedule 2.01 attached hereto as Annex I is inserted in lieu
thereof. 
 (t) The existing Schedule 5.13 is deleted it in its entirety and Schedule 5.13 attached hereto as Annex II
is inserted in lieu thereof. 
 (u) The existing Exhibit C is deleted in its entirety and Exhibit C attached hereto as Annex
III is inserted in lieu thereof. 

 (v) The existing Exhibit D is deleted it in its entirety and Exhibit D attached hereto as
Annex IV is inserted in lieu thereof. 
 (w) The existing Exhibit G is deleted it in its entirety and Exhibit G attached
hereto as Annex V is inserted in lieu thereof. 
 3. Joinder of the Joining Lenders; Incremental Commitments. 
 (a) By its execution of this Amendment Agreement, each Joining Lender hereby confirms and agrees that, on and after the date this Amendment Agreement
becomes effective (the “Amendment Effective Date”), it shall be and become a party to the Credit Agreement as a Lender, and shall have all of the rights and be obligated to perform all of the obligations of a Lender thereunder with
the Commitment applicable to such Lender identified on Schedule 2.01 attached hereto. Each Joining Lender further (i) acknowledges that it has received a copy of the Credit Agreement and the schedules and exhibits thereto and such other
documents and information as it has deemed appropriate to make its own credit and legal analysis and decision to enter into this Amendment Agreement; (ii) agrees that it will, independently and without reliance upon the Administrative Agent,
the L/C Issuer, any other Lender or, other than reliance on the representations and warranties set forth herein, in the Credit Agreement or in the other Loan Documents and the deliveries hereunder and thereunder, the Borrower or the Guarantors, and
based on such documents and information as it shall deem appropriate at the time, continue to make its own credit and legal decisions in taking or not taking action under the Credit Agreement and the other Loan Documents. On and after the date this
Amendment Agreement becomes effective, all references to the “Lenders” in the Credit Agreement shall be deemed to include the Joining Lenders; and (iii) certifies that it is an Eligible Assignee. 
 (b) On the Amendment Effective Date, (i) each Existing Lender that is increasing its Revolving Credit Commitment and each Joining Lender shall make
available to the Administrative Agent such amounts in immediately available funds as the Administrative Agent shall determine, for the benefit of the other relevant Revolving Lenders, as being required in order to cause, after giving effect to such
increase and joinder and the application of such amounts to make payments to such other relevant Existing Lenders, the outstanding Revolving Loans (and risk participations in outstanding Swing Line Loans and L/C Advances) to be held ratably by all
Revolving Lenders in accordance with their respective Applicable Revolving Credit Percentages as set forth on Schedule 2.01 attached hereto, after giving effect to this Amendment Agreement, (ii) the Borrower shall be deemed to have
prepaid and reborrowed the outstanding Revolving Loans as of the Amendment Effective Date to the extent necessary to keep the outstanding Revolving Loans ratable with any revised Applicable Revolving Credit Percentages arising from any nonratable
increase in the Aggregate Revolving Credit Commitments under this Amendment Agreement and the joinder of the Joining Lenders, and (iii) the Borrower shall pay to the relevant Existing Lenders the amounts, if any, required pursuant to
Section 3.05 of the Credit Agreement as a result of any such prepayment made pursuant to clause (ii) above. 
 4.
Representations and Warranties. In order to induce the Administrative Agent, the Existing Lenders and the Joining Lenders to enter into this Amendment Agreement, the Borrower represents and warrants to the Administrative Agent, the Existing
Lenders and the Joining Lenders as follows: 
 (a) Before and after giving effect to this Amendment, (A) the
representations and warranties contained in Article V and the other Loan Documents are true and correct on and as of the Amendment Effective Date, except to the extent that such representations and warranties specifically refer to an earlier
date, in which case they are true and correct as of such earlier date, and except that the representations and warranties contained in subsections (a) and (b) of Section 5.05 of the Credit Agreement shall be deemed to refer to
the most recent statements furnished pursuant to clauses (a) and (b), respectively, of Section 6.01 of the Credit Agreement, and (B) no Default exists. 
 (b) Since the date of the most recent financial reports of the Borrower delivered pursuant to Section 6.01(a) of the Credit
Agreement, there has been no event or circumstance, either individually or in the aggregate, that has had or would reasonably be expected to have a Material Adverse Effect; 
 (c) This Amendment Agreement has been duly authorized, executed and delivered by the Borrower and each of the Guarantors and constitutes a
legal, valid and binding obligation of such parties, except as may be 

 
limited by general principles of equity or by the effect of any applicable bankruptcy, insolvency, reorganization, moratorium or similar law affecting
creditors’ rights generally. 
 5. Consent and Confirmation. Each of the Guarantors hereby consent to the Borrower entering into
this Amendment Agreement, each Guarantor hereby ratifies and confirms its obligations arising under the Guaranty Agreement (including without limitation the continuation of the Guarantor’s payment and performance obligations thereunder upon and
after the effectiveness of this Amendment and the amendments contemplated hereby) and the enforceability of the Guaranty against the Guarantor in accordance with its terms. 
 6. Conditions Precedent. This Amendment Agreement shall become effective upon the Borrower delivering to the Administrative Agent the following:

 (i)(A) four (4) counterparts of this Amendment Agreement duly executed by the Borrower, the Administrative Agent, each Guarantor,
each of the Joining Lenders and the Required Lenders calculated after giving effect to the Incremental Commitments, (B) an executed counterpart of the Intercreditor Agreement, in form and substance satisfactory to the Administrative Agent,
(C) an executed counterpart of the Senior Note Purchase Agreement, in form and substance satisfactory to the Administrative Agent, and (D) an executed counterpart of the Amended and Restated Pledge Agreement in form and substance
satisfactory to the Administrative Agent and the Collateral Agent; 
 (ii) evidence of the existence, good standing, authority and capacity of
the Borrower to execute, deliver and perform its obligations under the Credit Agreement as amended hereby, including, (x) a true and complete copy of resolutions approving the transactions contemplated hereby, and (y) a certification that
the certificate of incorporation and by-laws of the Borrower have not been amended or otherwise modified since the effective date of the Credit Agreement or, in the alternative, attaching true and complete copies of all amendments and modifications
thereto; and 
 (iii) such other certificates, instruments and documents as the Administrative Agent shall reasonably request. 
 7. Entire Agreement. This Amendment Agreement sets forth the entire understanding and agreement of the parties hereto in relation to the subject
matter hereof and supersedes any prior negotiations and agreements among the parties relative to such subject matter. No promise, condition, representation or warranty, express or implied, not herein set forth shall bind any party hereto, and no one
of them has relied on any such promise, condition, representation or warranty. Each of the parties hereto acknowledges that, except as in this Amendment Agreement otherwise expressly stated, no representations, warranties or commitments, express or
implied, have been made by any party to the other. None of the terms or conditions of this Amendment Agreement may be changed, modified, waived or canceled orally or otherwise, except by writing, signed by all the parties hereto, specifying such
change, modification, waiver or cancellation of such terms or conditions, or of any proceeding or succeeding breach thereof. 
 8. Full
Force and Effect of Agreement. Except as hereby specifically amended, modified or supplemented, the Credit Agreement and all other Loan Documents are hereby confirmed and ratified in all respects and shall remain in full force and effect
according to their respective terms. 
 9. Counterparts. This Amendment Agreement may be executed in any number of counterparts, each
of which shall be deemed an original as against any party whose signature appears thereon, and all of which shall together constitute one and the same instrument. 
 10. GOVERNING LAW. THIS AMENDMENT AGREEMENT SHALL IN ALL RESPECTS BE GOVERNED BY THE LAW OF THE STATE OF NEW YORK, WITHOUT REGARD TO ANY OTHERWISE APPLICABLE PRINCIPLES OF CONFLICT OF LAWS. THE BORROWER HEREBY
(i) SUBMITS TO THE JURISDICTION AND VENUE OF THE STATE AND FEDERAL COURTS OF NEW YORK SITTING IN NEW YORK COUNTY FOR THE PURPOSES OF RESOLVING DISPUTES HEREUNDER OR UNDER ANY OF THE OTHER LOAN DOCUMENTS TO WHICH THEY ARE A PARTY OR FOR PURPOSES
OF COLLECTION AND (ii) WAIVES TRIAL BY JURY IN CONNECTION WITH ANY SUCH LITIGATION. 

 11. Enforceability. Should any one or more of the provisions of this Amendment Agreement be
determined to be illegal or unenforceable as to one or more of the parties hereto, all other provisions nevertheless shall remain effective and binding on the parties hereto. 
 12. Credit Agreement. All references in any of the Loan Documents to the Credit Agreement shall mean and include the Credit Agreement as amended
hereby. 
 13. Successors and Assigns. This Amendment Agreement shall be binding upon and inure to the benefit of each of the
Borrower, the Lenders, the Administrative Agent and their respective successors, assigns and legal representatives; provided, however, that the Borrower, without the prior consent of the Lenders, may not assign any rights, powers,
duties or obligations hereunder. 
 [Remainder of page intentionally left blank.] 

 IN WITNESS WHEREOF, the parties hereto have caused this Amendment Agreement to be duly executed by
their duly authorized officers, all as of the day and year first above written. 
  

			
	 Borrower:

	
	HILB ROGAL & HOBBS COMPANY
		
	 By:
	 	 /s/ Carolyn Jones

	 Name:
	 	Carolyn Jones
	 Title:
	 	Senior Vice President, Treasurer and
		 	Investor Relations        
	
	BANK OF AMERICA, N.A., as Administrative Agent
		
	 By:
	 	/s/ Anne M. Zeschke
	 Name:
	 	Anne M. Zeschke                    
	Title:	 	 Assistant Vice PresidentPurchase Agreement

 Exhibit 10.2 
 PURCHASE AGREEMENT 
 PURCHASE AGREEMENT, dated as of September 7, 2007
(the “Agreement”), by and between Nationwide Financial Services, Inc. (the “Issuer”), and UBS AG, London Branch (“UBS”) acting through UBS Securities LLC (“Agent”) as agent. 
 W I T N E S S E T H 
 WHEREAS, the Issuer has publicly announced its intention to repurchase shares of its Class A common stock, par value $0.01 per share
(the “Common Stock”), from time to time (the “Repurchase Program”); and 
 WHEREAS, the Issuer desires to
enter into the Agreement with UBS in order to effect the Repurchase Program; 
 NOW, THEREFORE, in
consideration of the premises, the covenants and agreements contained herein and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereby agree as follows: 
 Section 1. Definitions. 
 As used herein the following terms shall have the meanings set forth below: 
 “Adjusted Number of Shares” means, as of any date, a number of Shares equal to the Number of Shares minus the Assumed Short Position. 
 “Announcement Date” means in respect of a Merger Event, the date of the first public announcement of a firm intention to merge or to make an offer that leads to the Merger Event, as determined by the
Calculation Agent. 
 “Assumed Short Position” means, as of any date, the product of (i) Number of Shares
multiplied by (ii) (a) the number of Trading Days from and including such date to and including February 15, 2008 divided by (b) 111, as determined in good faith by the Calculation Agent. 
 “Bankruptcy” means the Issuer is dissolved (other than pursuant to a consolidation, amalgamation or merger); (2) becomes
insolvent or is unable to pay its debts or fails or admits in writing its inability generally to pay its debts as they become due; (3) makes a general assignment, arrangement or composition with or for the benefit of its creditors;
(4) institutes or has instituted against it a proceeding seeking a judgment of insolvency or bankruptcy or any other relief under any bankruptcy or insolvency law or other similar law affecting creditors' rights, or a petition is presented for
its winding-up or liquidation, and, in the 

 
case of any such proceeding or petition instituted or presented against it, such proceeding or petition (A) results in a judgment of insolvency or
bankruptcy or the entry of an order for relief or the making of an order for its winding-up or liquidation or (B) is not dismissed, discharged, stayed or restrained in each case within 30 days of the institution or presentation thereof;
(5) has a resolution passed for its winding-up, official management or liquidation (other than pursuant to a consolidation, amalgamation or merger); (6) seeks or becomes subject to the appointment of an administrator, provisional
liquidator, conservator, receiver, trustee, custodian or other similar official for it or for all or substantially all its assets; (7) has a secured party take possession of all or substantially all its assets or has a distress, execution,
attachment, sequestration or other legal process levied, enforced or sued on or against all or substantially all its assets and such secured party maintains possession, or any such process is not dismissed, discharged, stayed or restrained, in each
case within 30 days thereafter; (8) causes or is subject to any event with respect to it which, under the applicable laws of any jurisdiction, has an analogous effect to any of the events specified in clauses (1) to (7) (inclusive);
or (9) takes any action in furtherance of, or indicating its consent to, approval of, or acquiescence in, any of the foregoing acts. 
 “Bloomberg Screen Volume at Price Page” shall mean the display designated as page “NFS Equity AQR” on the Bloomberg Financial Service or such page as may replace the Volume at Price page on that
service for the purpose of displaying daily volume and volume-weighted trading prices of equity securities during the normal trading hours of 9:30 a.m. to 4:00 p.m., New York Time or, if such service does not then publish daily volume and
volume-weighted trading prices of the Common Stock, such other page and services selected by the Calculation Agent that reports daily volume and weighted trading prices of the Common Stock. 
 “Calculation Agent” shall mean UBS Securities LLC. 
 “Calculation Date” means, with respect to each Tranche, the first Trading Day after the Last Averaging Date. 
 “Closing Price” of the Common Stock on any day shall mean the last reported sales price regular way on such day or, in case no such sales price is reported on such day, the average of
the reported closing bid and asked prices regular way of the Common Stock, in each case on the Exchange, or, if not then traded on the Exchange, the principal securities exchange or quotation system on which the Common Stock is then listed or
admitted to trading, or, if not then listed or admitted to trading on a securities exchange or quotation system, the average of the closing bid and asked prices of the Common Stock in the over-the-counter market on the day in question as reported by
the National Quotations Bureau Incorporated, or a similarly generally accepted reporting service, or, if not so available in such manner, as furnished by any Exchange member firm selected in good faith by the Calculation Agent. 
 “Combined Consideration” means New Shares in combination with Other Consideration. 
  

 2 

 “Cross Default” means the occurrence or existence of (1) a default, event
of default or other similar condition or event (however described) in respect of the Issuer under one or more agreements or instruments relating to the payment of money in an aggregate amount of not less than $50 million which has resulted in such
agreement or instrument becoming, or becoming capable at such time of being declared, due and payable before it would otherwise have been due and payable (after giving effect to any applicable notice requirement or grace period) or (2) a
default by the Issuer in making one or more payments on the due date thereof in an aggregate amount of not less than $50 million under such agreements or instruments (after giving effect to any applicable notice requirement or grace period).

 “Determined Amount” has the meaning ascribed to it in Section 3(d). 
 “Discount” means $0.53. 
 “Dividend Event” means the public announcement or notification to UBS pursuant to Section 6 below of an ordinary or extraordinary dividend or distribution by the Issuer with a record date occurring in
any of the time periods specified below with a value, as determined by the Calculation Agent in good faith, that exceeds the amount specified below for such period by $0.01 or more 
  

				
	 Period
	  	Dividend
	 September 7, 2007 through and including December 7, 2007
	  	$	0.26
	 December 7, 2007 through and including February 15, 2008
	  	$	0.26

 “Early Closure” means the closure on any Trading Day of the Exchange or
any Related Exchange(s) prior to its regularly scheduled closing time. 
 “Excess Shares” means the number of
Shares (if any) equal to (a)(i) the Settlement Amount divided by (ii) the Reference Price minus (b) the Determined Amount. 
 “Exchange” means the New York Stock Exchange or any successor thereto or any substitute exchange or quotation system to which trading in the Shares has temporarily relocated (provided that the Calculation
Agent has determined that there is comparable liquidity relative to the Shares on such temporary substitute exchange or quotation system as on the original Exchange). 
 “Exchange Disruption” means any event (other than an Early Closure) that significantly disrupts or impairs (as determined by the Calculation Agent) the ability of market participants in
general (i) to effect transactions in, or obtain market values for, the Shares on the Exchange, or (ii) to effect transactions in, or obtain market values for, futures or options contracts relating to the Shares on the Related Exchange(s).

  

 3 

 “Execution Period” shall mean the period commencing on the First Averaging Date
and ending on the earliest of (i) the Last Averaging Date of the last Tranche, (ii) the Termination Date or (iii) the Termination Event Termination Date. 
 “Failure to Pay or Deliver” means failure by the Issuer to make, when due, any payment under this Agreement or any delivery of Shares under this Agreement required to be made by it if
such failure is not remedied on or before the third Trading Day after notice of such failure is given to the Issuer by UBS or the Agent. 
 “Final VWAP-Minus Price” means, in respect of each Tranche, (i) the arithmetic average of daily volume-weighted average prices of Shares in each Trading Day from the First Averaging Date up to and
including the Last Averaging Date in respect of such Tranche, as listed on Bloomberg Screen Volume at Price Page, minus (ii) the Discount. 
 “First Averaging Date” means, with respect to each Tranche, September 10, 2007. 
 “Hedge Account Shares” means, as of any date, the Number of Shares minus the Assumed Short Position. 
 “Last Averaging Date” means a Trading Day determined by UBS that is no later than the Latest Completion Date and no earlier than: 
  

	 	•	 	 September 21, 2007 in the case of Tranche One 

  

	 	•	 	 October 5, 2007 in the case of Tranche Two 

  

	 	•	 	 October 19, 2007 in the case of Tranche Three 

  

	 	•	 	 November 2, 2007 in the case of Tranche Four 

  

	 	•	 	 November 16, 2007 in the case of Tranche Five 

 Notice of the Last Averaging Date in respect of each Tranche shall be given by UBS not later than 8:00 pm New York time on the business day following such Last Averaging Date. Notice shall be
irrevocable once provided to Issuer. If no notice is provided, then the Last Averaging Date with respect to each Tranche shall be the Latest Completion Date. 
 “Latest Completion Date” means February 15, 2008. 
 “Market Disruption Event” means the occurrence or existence of (i) a Trading Disruption, (ii) an Exchange Disruption or (iii) an Early Closure, which in each case the Calculation Agent determines is material.

 “Material Subsidiary” means Nationwide Life Insurance Company, Nationwide Life and Annuity Insurance Company and
Nationwide Life Insurance Company of America. 
  

 4 

 “Merger Event” means, in respect of any relevant Shares, any
(i) reclassification or change of such Shares that results in a transfer of or an irrevocable commitment to transfer all of such Shares outstanding, (ii) consolidation, amalgamation or merger of the Issuer with or into another entity
(other than a consolidation, amalgamation or merger in which such Issuer is the continuing entity and which does not result in any such reclassification or change of all of such Shares outstanding) or (iii) other takeover offer for such Shares
that results in a transfer or an irrevocable commitment to transfer all such Shares (other than such Shares owned or controlled by the offeror), in each case if the Merger Date is on or before the Last Averaging Date. 
 “Net Share Settlement” shall mean settlement by the Issuer of its obligations hereunder in accordance with Section 3(c).

 “New Shares” means shares (whether of the offeror or a third party). 
 “Number of Shares” means the quotient of (i) the Purchase Price divided by (ii) the Closing Price of the Common Stock
on September 7, 2007. 
 “Other Consideration” means cash and/or any securities (other than New Shares) or
assets (whether of the offeror or a third party). 
 “Payment Date” has the meaning ascribed to it in
Section 3(b). 
 “Principal Account” means the notional principal account referred to in Section 3(a).

 “Purchase Price” means $152,498,307. 
 “Purchasing Date” means any Trading Day during the Execution Period. 
 “Reference Price” means the Closing Price of the Common Stock on the last Trading Day of the Execution Period. 
 “Related Exchange(s)” means each exchange or quotation system where trading has a material effect (as determined by the Calculation Agent) on the overall market for futures or options contracts relating to
the Shares. 
 “Scheduled Trading Day” means any day on which the Exchange and each Related Exchange are scheduled
to be open for trading for their respective regular trading sessions. 
 “Settlement Amount” shall mean (i) in
the case of the Issuer, the amount, payable in cash or shares of the Issuer’s common stock, of any negative balance in the Principal Account as of the Calculation Date, and (ii) in the case of UBS, the amount of any positive 

  

 5 

 
balance in the Principal Account as of the Calculation Date, in each case as determined by the Calculation Agent. 
 “Share-for-Combined” means, in respect of a Merger Event, that the consideration for the relevant Shares consists of Combined
Consideration. 
 “Share-for-Other” means, in respect of a Merger Event, that the consideration for the relevant
Shares consists solely of Other Consideration. 
 “Share-for-Share” means, in respect of a Merger Event, that the
consideration for the relevant Shares consists (or, at the option of the holder of such Shares, may consist) solely of New Shares. 
 “Shelf Registration” means a registration statement in form and substance reasonably acceptable to UBS for an offering to be made on a continuous basis pursuant to Rule 415 under the Securities Act, registering UBS's resale, in
any manner or manners designated by UBS, of all the Stock Settlement Shares, any Make-Whole Shares, and any other Shares held by UBS in connection with this transaction which, in the opinion of counsel to UBS, are required to be included in the
Shelf Registration to be resold by UBS to the public. 
 “Short Squeeze” shall mean a situation where (i) UBS
has determined, in its judgment, that it is unable to hedge its exposure to the transaction contemplated hereby because of the lack of sufficient shares of Common Stock being made available for borrowing from lenders, including without limitation
UBS’s being required to redeliver shares of Common Stock to any lender at the demand of such lender and not being able to meet such obligation in full in a timely manner by reasonable efforts to borrow shares of Common Stock from another lender
or lenders, or (ii) UBS would incur a cost to borrow shares of Common Stock to hedge its exposure to the transaction contemplated hereby that is greater than a rate equal to 50 basis points per annum. 
 “Stock Settlement Amount” shall mean (i) in the case that the Issuer is required to pay the Settlement Amount to UBS and
has elected to pay the Settlement Amount by delivery of shares of Common Stock to UBS pursuant to Section 3(c), an amount, determined by the Calculation Agent, equal to the Settlement Amount to be paid by the Issuer pursuant to
Section 3(b), divided by the Reference Price, and (ii) in the case that UBS is required to pay the Settlement Amount to the Issuer and the Issuer has elected to require UBS to satisfy the obligation by delivery of shares of Common Stock to
the Issuer pursuant to Section 3(h), an amount, determined by the Calculation Agent, equal to the Settlement Amount to be paid by UBS pursuant to Section 3(b), divided by the weighted average price per share actually paid by UBS to
purchase such Stock Settlement Shares. 
 “Stock Settlement Shares” shall mean such whole number of shares included
in the Stock Settlement Amount. 
 “Termination Date” has the meaning ascribed to it in Section 4(b).

  

 6 

 “Termination Event” shall mean the occurrence of a (i) Bankruptcy,
(ii) Cross Default, (iii) Failure to Pay or Deliver, (iv) Short Squeeze, (v) Dividend Event or (vi) if so designated by UBS, a tender offer of the type described below in Section 4(c). 
 “Termination Event Termination Date” has the meaning ascribed to it in Section 8 below. 
 “Trading Day” shall mean any day on which the Common Stock is traded on the Exchange or, if not then traded on the Exchange,
the principal securities exchange or quotation system on which such securities are then traded or, if not then traded on a securities exchange or quotation system, in the over-the-counter market, and on which no Market Disruption Event occurs.

 “Trading Disruption” means any suspension of or limitation imposed on trading by the Exchange or Related
Exchange or otherwise and whether by reason of movements in price exceeding limits permitted by the Exchange or Related Exchange or otherwise (i) relating to the Shares on the Exchange or (ii) in futures or options contracts relating to
the Shares on any Related Exchange. 
 “Tranche” shall have the meaning ascribed to it in Section 2.

 “Termination VWAP Price” means, for any Trading Day, the daily volume-weighted average prices of Shares as
listed on Bloomberg Screen Volume at Price Page. 
 Section 2. Purchase and Sale. 
 Subject to the terms and conditions set forth herein, UBS agrees to sell to the Issuer, and the Issuer agrees to purchase from UBS,
2,921,983 shares (the “Number of Shares”) of Common Stock (the “Shares”) at a purchase price per Share equal to the Closing Price of the Common Stock on September 7, 2007 or on such other date and at such other time
as the parties may mutually agree (the “Execution Date”). At 4:00 P.M. on the third Trading Day after the Execution Date (the “Settlement Date”), UBS shall deliver or cause to be delivered the Shares through the facilities of The
Depository Trust Company (“DTC”) to the Issuer against payment by the Issuer of the aggregate Purchase Price by wire transfer of immediately available funds. The parties understand and agree that the delivery of the Shares by or on behalf
of UBS upon the payment of the aggregate Purchase Price by the Issuer is irrevocable and that as of the Settlement Date the Issuer will be the sole beneficial owner of the Shares for all purposes. The Number of Shares shall be divided into five
equal tranches (each, a “Tranche”), which shall be designated, successively, Tranche One, Tranche Two, Tranche Three, Tranche Four and Tranche Five. 
 As compensation to UBS for its commitment and services hereunder, the Issuer on the Settlement Date will pay to UBS by wire transfer of immediately available funds (i) a 

  

 7 

 
commission equal to $0.025 per share for the Shares to be delivered by UBS hereunder on the Settlement Date and (ii) $902,059 (collectively, the
“Contract Fees”). The Contract Fees payable to UBS shall not be subject to refund. 
 Section 3.
Settlement. 
 (a) On the Settlement Date, the Calculation Agent shall establish a notional Principal Account in an
amount equal to the Purchase Price. The Calculation Agent shall adjust the Principal Account daily as follows: 
  

	 	(i)	 The Principal Account shall be reduced on the third day following the Last Averaging Date in respect of each Tranche in an amount equal to the product of
(x) the quotient of (1) the Number of Shares divided by (2) five, and (y) the Final VWAP-Minus Price with respect of such Tranche (the “Final Tranche Amount”). The parties acknowledge that more than one Tranche may have
the same Last Averaging Date. 

  

	 	(ii)	 On the first Trading Day immediately following the Last Averaging Date in respect of each Tranche, the Calculation Agent will calculate the Settlement Amount in
respect of such Tranche and notify (the “Settlement Amount Notification”) the Issuer of the Settlement Amount for such Tranche and provide a schedule of its calculations thereof. The Calculation Agent shall respond promptly to all
questions raised by the Issuer relating to such calculations. If the Issuer objects to the calculation of such Settlement Amount, the Issuer shall promptly notify the Calculation Agent, and the Issuer and UBS agree to use their good faith best
efforts to reach an agreement as to such Settlement Amount. In the further event that the Issuer and UBS are not able to reach an agreement, the Issuer and UBS shall appoint a third party with sufficient expertise to determine the calculation of the
Settlement Amount and such calculations shall be binding on both parties. The fees and expenses of such expert shall be shared equally by the Issuer and UBS. 

 (b) On the third Trading Day immediately following the Calculation Date in respect of each Tranche (each a “Payment Date”), if the Settlement Amount in respect of such Tranche is
positive, UBS shall pay such Settlement Amount to the Issuer and, if such Settlement Amount is negative, the Issuer shall pay the absolute value of such Settlement Amount to UBS. Except as provided in paragraphs (c) and (d) of this
Section, all payments to be made under this Section 3 shall be made on the applicable Payment Date by wire transfer of immediately available funds. 
 (c) If the Issuer is required to pay a Settlement Amount to UBS pursuant to paragraph (b) of this Section, the Issuer may, at its option, satisfy the obligation by the delivery to UBS of a number of whole shares
of Common Stock (and a payment of cash in lieu of fractional shares, if any) equal to the Stock Settlement Amount. In order to exercise this option, the Issuer must (each, a “Condition on Net Share Settlement”) (i) notify UBS of its

  

 8 

 
election to have any Settlement Amount payable in shares of Common Stock no later than three days after the Last Averaging Date in respect of such Tranche
(the “Stock Election Notice”), (ii) enter into a registration rights agreement with UBS in form and substance acceptable to UBS (the “Registration Rights Agreement”) as soon as reasonably practicable following the date of
the Stock Election Notice in respect of such Tranche, which agreement will contain, among other things, customary representations and warranties and indemnification and other rights, including rights to customary opinions of counsel and
accountant’s “comfort letters,” relating to the registration of the Stock Settlement Shares, the Make-whole Shares and any additional shares of Common Stock as to which UBS is named as a selling securityholder in the Shelf
Registration (the “Registered Shares”); (iii) such Shelf Registration shall have been declared, or shall have become automatically effective by the Securities and Exchange Commission (the “SEC”) not less than fifteen days
following the date of the Stock Election Notice in respect of such Tranche; and (iv) the Issuer shall use its reasonable best efforts to maintain the effectiveness of such Shelf Registration until all Registered Shares have been sold by UBS.
Subject to paragraph 3(g) below, if any of the conditions in the preceding sentence are not met, the provisions of this paragraph (c) shall be inoperative and the Issuer shall be obligated to pay any applicable Settlement Amount by wire
transfer of immediately available funds. If the Issuer complies with all of its obligations under this paragraph (c), then at 9:30 A.M. on the applicable Payment Date in respect of such Tranche (or as soon as practicable after the Payment Date after
the conditions under this paragraph (c) have been met), the Issuer shall deliver to UBS (x) fully paid and nonassessable Stock Settlement Shares, via book entry transfer through the facilities of DTC, in such denominations and in such
names as UBS may specify and (y) the cash payment, if any, in lieu of fractional shares by wire transfer of immediately available funds. The parties understand and agree that the deliveries made pursuant to the preceding sentence shall be
irrevocable and shall satisfy in full the Issuer's obligations under this Section 3. The Issuer covenants and agrees that it shall not elect net share settlement in respect of any Settlement Amount owed hereunder unless it is able to make the
representation contained in Section 6(a)(viii) below as of the effective date of any Stock Election Notice, and any Stock Election Notice shall be deemed to include such representation. 
 If the Issuer delivers Stock Settlement Shares to UBS pursuant to this paragraph (c) and within ten Trading Days after the applicable Payment Date, UBS resells all or any portion of the
Stock Settlement Shares and the net proceeds received by UBS upon resale of such shares exceeds the Settlement Amount (or if less than all of the Stock Settlement Shares are resold, the applicable pro rata portion of the Settlement Amount), UBS
shall promptly refund in cash such difference to the Issuer; provided that UBS may, at its option, satisfy its obligation under this sentence by returning to the Issuer any portion of the Stock Settlement Shares that would, if sold, have resulted in
net proceeds in excess of the Settlement Amount. In the event that such net proceeds are less than the Settlement Amount (or if less than all of the Stock Settlement Shares are resold, the applicable pro rata portion of the Settlement Amount), the
Issuer shall pay in cash or additional shares of Common Stock (the “Make-whole Shares”) such difference (the “Make-whole Amount”) to UBS promptly after receipt of notice thereof. In the event that Issuer elects to pay the
Make-whole Amount in additional shares of Common Stock, the requirements set forth in this paragraph (c) with respect to payment of the Settlement Amount in Shares, including Make-whole requirements, shall apply, such that UBS shall pay to the

  

 9 

 
Issuer any such excess and the Issuer shall pay to UBS in cash or Make-Whole Shares any additional Make-Whole Amount. In calculating the net proceeds from
the resale of any Stock Settlement Shares there shall be deducted from such proceeds any amount equal to the customary underwriting discount or commission for underwritten offerings of common stock by companies comparable to the Issuer multiplied by
the total number of Shares sold for the account of UBS pursuant to a Shelf Registration. 
 (d) Notwithstanding any other
provision in this Agreement, if Issuer exercises its right pursuant to Section 3(c) above, Issuer shall not be obliged to deliver, in connection with this Agreement, in excess of 30 million shares of Common Stock in the aggregate,
as recalculated from time to time (the “Determined Amount”). In the event that, but for this Section 3, Issuer would be obliged to deliver a number of shares of Common Stock equal to the Determined Amount plus the Excess
Shares, Issuer agrees to, at its option, (i) satisfy its remaining obligation by cash payment or; (ii) (x) use its best efforts to increase its number of authorized shares, thereby increasing the Determined Amount, to the extent
necessary so that, but for this Section 3, the number of shares of Common Stock Issuer would be obliged to deliver does not exceed the (recalculated) Determined Amount and (y) allocate such newly authorized shares of Common Stock in
satisfaction of Issuer’s delivery obligations under this Agreement in priority to any other use of such Common Stock. For the avoidance of doubt, the obligation of Issuer to so use its reasonable best efforts is an ongoing obligation.

 (e) Issuer hereby represents and warrants that it will: 
 (i) calculate the Determined Amount based on the maximum amount able to be calculated in accordance with EITF 00-19 or any successor
financial statement guidance; and 
 (ii) in respect of all equity derivative transactions in respect of which Issuer’s
equity securities constitute (all or part of) the instruments underlying such transactions (the “Derivative Trades”), use the same methodology to derive the Determined Amount (howsoever described) applicable to each Derivative Trade as is
used to derive the Determined Amount for this Agreement. 
 (f) UBS agrees that, in respect of any obligations Issuer has
duly elected be satisfied pursuant to Section 3(c) above, in the event of Issuer’s bankruptcy, UBS shall not have rights in bankruptcy that rank senior to the rights in bankruptcy of common shareholders of Issuer. 
 (g) If the Issuer has used its reasonable best efforts to satisfy the Conditions on Net Share Settlement but has been unable to because
the Shelf Registration is not declared effective by the SEC within the time set out in paragraph 3(c) (or, where UBS has previously agreed to extend such period based on a request by the Issuer pursuant to paragraph 3(g)(ii), within
such period as extended pursuant to paragraph 3(g)(ii)), then the Issuer may elect to: 
  

 10 

 (i) deliver the relevant number of Shares to UBS in which case: 
 (A) the day on which the Issuer makes such an election to deliver such Shares is the “Issuer Election Date”, and 

(B) Issuer shall withdraw any Registration Statement filed with the SEC in connection with the Shares, and 
 (C) Issuer will enter into a private placement purchase agreement with UBS in form and substance reasonably acceptable to UBS no later
than the next Trading Day following the Issuer Election Date, and 
 (D) Issuer shall deliver to UBS such Shares on the
Settlement Date which, for the purposes of this paragraph 3(g)(i)(D), shall be the third Trading Day following the Issuer Election Date, and 
 (E) in addition to any Make-whole Amount payable by Issuer pursuant to paragraph 3(c) herein, Issuer shall deliver to UBS such additional Shares until UBS has realized actual net proceeds upon resale of such Shares
equal to the Settlement Amount. At its election, UBS may by a written notice to Issuer retain a number of Shares delivered by Issuer pursuant to this paragraph 3(g)(i). If UBS so elects, UBS shall be deemed to have sold each such retained Share for
an amount equal to the price per Share obtained by UBS for the last Share sold by UBS prior to sending written notice of its intention to retain Shares to Issuer. In no event will UBS be obligated to exercise its right to retain Shares; or

 (ii) request UBS to extend the period within which the Registration Statement is to be declared effective by the SEC for
a further period specified in writing by UBS at the time of such extension. 
 (h) If UBS is required to pay a Settlement
Amount to the Issuer pursuant to paragraph (b) of this Section, the Issuer may, at its option, elect that UBS satisfy the obligation by the delivery to the Issuer of a number of whole shares of Common Stock (and a payment of cash in lieu of
fractional shares, if any) equal to the Stock Settlement Amount. In order to exercise this option, the Issuer must notify UBS of its election to have any Settlement Amount payable in shares of Common Stock no later than 3 days prior to the
applicable Payment Date (the “UBS Stock Election Notice”). If the condition in the preceding sentence is not met, the provisions of this paragraph (h) shall be inoperative and UBS shall be obligated to pay any applicable Settlement
Amount by wire transfer of immediately available funds. If the Issuer complies with all of its obligations under this paragraph (h), then at 9:30 A.M. on the Payment Date, UBS shall deliver to the Issuer (i) fully paid and nonassessable Stock
Settlement Shares, via book entry transfer through the facilities of DTC, and (ii) the cash payment, if any, in lieu of fractional shares by wire transfer of immediately available funds. The parties understand and agree that the deliveries made
pursuant to the preceding sentence shall be irrevocable and shall satisfy in full UBS' obligations under this Section 3. Notwithstanding any 

  

 11 

 
other provision in this Agreement, if Issuer exercises its right pursuant to Section 3(h) above, UBS shall not be obliged to deliver, in
connection with this Agreement, in excess of 30 million shares of Common Stock in the aggregate, as recalculated from time to time. 
 Section 4. Anti-dilution Adjustments. 
 (a) Subdivisions and
Combinations of Common Stock. In the event that the outstanding shares of the Common Stock shall be subdivided or split into a greater number of shares of Common Stock where the effective date of such subdivision or the record date for such
split occurs during the Execution Period, the number of shares of Common Stock referred to herein shall be deemed to be proportionately increased and the Final VWAP-Minus Price and Discount shall be deemed to be proportionately decreased;
conversely, in case outstanding shares of Common Stock shall each be combined into a smaller number of shares of Common Stock through a combination of shares of Common Stock or a reverse stock split where the effective date of such combination or
the record date for such reverse stock split occurs during the Execution Period, the number of shares of Common Stock referred to herein shall be deemed to be proportionately decreased and the Final VWAP-Minus Price and Discount shall be deemed to
be proportionately increased. Any adjustment pursuant to this paragraph (a) shall become effective (i) in the case of a subdivision or combination of the Common Stock, at the close of business on the record date for such subdivision or
combination or (ii) in the case of a stock split or reverse stock split, at the split, at the close of business on the record date for such stock split or reverse stock split. 
 (b) Merger Events. In respect of each Merger Event, UBS and the Issuer or the person formed by such consolidation or resulting
from such merger or which acquired such assets or which acquires the Issuer's Common Stock, as the case may be, shall negotiate in good faith to amend this Agreement to give appropriate effect to such transaction. In the event that the parties are
unable to reach an agreement ten (10) Trading Days prior to the effective date of such transaction (the “Termination Date”), (i) the Execution Period shall terminate on the Termination Date, (ii) the “Number of
Shares” with respect to any Tranche for which a Last Averaging Date has not yet been determined shall be deemed to be “Adjusted Number of Shares” for purposes of Section 3(a)(i), (iii) the “Last Averaging Date”
with respect to any Tranche for which a Last Averaging Date has not yet been determined shall be deemed to be the Termination Date for purposes of Section 3(a)(i), (iv) the Principal Account as calculated in Section 3(a)(i) shall be
further reduced on such date by an amount equal to the product of (x) an amount equal to the cash and fair market value (as determined by the Issuer's Board of Directors whose good faith determination shall be conclusive and binding) of the
securities and/or property payable or distributable upon such transaction in respect of one share of Common Stock and (y) the Assumed Short Position as of such date, and (v) the Settlement Amount may be further adjusted by the Calculation
Agent by the amount that the Calculation Agent reasonably determines in good faith to be UBS’s losses in connection with the early termination of this Agreement resulting solely from changes in the volatility of the Shares and to recover the
Merger Consideration. “Merger Consideration” means the product of (i) an amount equal to the fair market value (as determined by the Issuer's Board of Directors whose good faith determination shall be conclusive and binding) of the
securities and/or property 

  

 12 

 
payable or distributable upon such transaction in respect of one share of Common Stock on the closing date of the Merger Event, and (ii) the Assumed
Short Position. 
 If payment is required of Issuer in connection with a Merger Event, the Issuer shall have the right, in its sole
discretion, to elect (the “Extraordinary Transaction Election”) to satisfy any such payment obligation by Net Share Settlement of this Transaction PROVIDED THAT, in connection with a “Share-for-Combined” Merger Event or
“Share-for-Other” Merger Event, the Extraordinary Transaction Election is available to satisfy only the percentage of such payment obligation equal to the percentage of the non-cash consideration over the total Combined Consideration (in
the case of a “Share-for-Combined” Merger Event) or total Other Consideration (in the case of a “Share-for-Other” Merger Event). The remaining percentage of such payment obligation must be satisfied in cash. The Issuer shall make
any election to settle the Transaction by way of Net Share Settlement within two Trading Days of the Announcement Date but in any event not less than twenty Trading Days prior to the effective date of such merger. 
 (c) Tender Offers. In the event an offer is made to the holders of Common Stock to tender shares of Common Stock for consideration
consisting of cash in whole or in part, UBS may, in its discretion (i) accelerate the Last Averaging Date to a date selected by UBS in its sole discretion, or (ii) adjust the Number of Shares, in either case as UBS deems appropriate to
account for the economic effect on the Transaction solely as a result of changes in the volatility of the Shares in connection with such Tender Offer, or to recover all Merger Consideration in connection with such Tender Offer (as if such Tender
Offer were a Merger Event) (iii) treat the occurrence of such tender offer as a Termination Event and terminate the Transaction in accordance with Section 8 below. UBS shall notify the Issuer in writing as to the terms of any adjustment
made pursuant to this Section 4(c) no later than 5 days after the tender offer is made. 
 (d) Other Events. In
the event of any corporate event involving the Issuer or the Common Stock not specifically addressed in subsections (a), (b) or (c) of this Section 4 or in the event that the Calculation Agent, in its good faith judgment, determines
that the adjustments described in subsections (a), (b) or (c) of this Section 4 will not result in an equitable adjustment of the terms of the transaction described herein, and provided that, in each case, such corporate event impacts
the rights or obligations of a holder of Common Stock, the terms of the transaction described herein shall be subject to adjustment by the Calculation Agent (including, without limitation, the First Averaging Date, the Last Averaging Date and the
Number of Shares) as in the exercise of its good faith judgment it deems appropriate under the circumstances in order to result in an equitable adjustment to this transaction solely to reflect changes in the volatility of the Shares in connection
with such event. In the event that the Issuer objects to the adjustments, the Issuer shall promptly so notify the Calculation Agent and UBS, and the Issuer and UBS agree to use their good faith best efforts to reach an agreement as to the
adjustment. In the further event that the Issuer and UBS are not able to reach an agreement, the Issuer and UBS shall appoint a third party with sufficient expertise to determine the adjustment and such adjustment shall be binding on both parties.
The fees and expenses of such expert shall be shared equally by the Issuer and UBS. 
  

 13 

 Section 5. Acknowledgement. 
 The Issuer acknowledges and agrees that it is not relying, and has not relied, upon UBS or Agent with respect to the legal, accounting,
tax or other implications of this Agreement and that it has conducted its own analysis of the legal, accounting, tax and other implications of this Agreement. The Issuer further acknowledges and agrees that neither UBS nor Agent have acted as its
advisor in any capacity in connection with this Agreement or the transactions contemplated by this Agreement. The Issuer acknowledges that neither UBS nor Agent is acting as the agent for the Issuer in effecting any purchase of Common Stock pursuant
to this Agreement. The Issuer understands and acknowledges that UBS and its affiliates may from time to time effect transactions, for their own account or the account of customers, and hold positions, in securities or options on securities of the
Issuer and that UBS and its affiliates may continue to conduct such transactions during the Execution Period. The Issuer understands and acknowledges that UBS and its affiliates intend to engage in hedging activity that could affect the market for
such securities and/or the Common Stock that is the subject of this transaction, and consequently the cost or proceeds to the Issuer hereunder. 
 Section 6. Representations, Warranties and Agreements. 
 (a) The Issuer
hereby represents and warrants to UBS that: 
 (i) it has (or, in the case of the Registration Rights Agreement, will have
when and if executed) all power and authority to enter into this Agreement and the Registration Rights Agreement and the transactions contemplated hereby and thereby; 
 (ii) this Agreement has been duly authorized, validly executed and delivered by the Issuer and constitutes a valid and legally binding obligation of the Issuer enforceable in accordance with its
terms, subject, as to enforcement, to bankruptcy, insolvency, fraudulent transfer, reorganization, moratorium and similar laws of general applicability relating to or affecting creditors' rights and to general equity principles; 
 (iii) the Registration Rights Agreement, when and if executed and delivered pursuant to Section 3(c) hereof, shall have been duly
authorized, validly executed and delivered by the Issuer and shall constitute a valid and legally binding obligation of the Issuer enforceable in accordance with its terms, subject, as to enforcement, to bankruptcy, insolvency, fraudulent transfer,
reorganization, moratorium and similar laws of general applicability relating to or affecting creditors' rights and to general equity principles; 
 (iv) if Stock Settlement Shares are delivered pursuant to Section 3(c) or Section 3(g), as the case may be, the Stock Settlement Shares, when delivered to UBS or to the Issuer, as the case may be, will have
been duly authorized and will be duly and validly issued, fully paid and nonassessable and free of preemptive and other rights; 
  

 14 

 (v) the transactions contemplated by this Agreement, including the delivery of the Stock
Settlement Shares pursuant to Section 3(c) or Section 3(g), as the case may be, are consistent with the authorization of the Repurchase Program; 
 (vi) the Issuer is not entering into this Agreement to facilitate a distribution of the Common Stock (or any security convertible into or exchangeable for Common Stock) or in connection with a
future issuance of securities; 
 (vii) the Issuer is not entering into this Agreement to create actual or apparent trading
activity in the Common Stock (or any security convertible into or exchangeable for Common Stock) or to raise or depress the price of the Common Stock (or any security convertible into or exchangeable for Common Stock); 
 (viii) as of the date hereof (a) none of the Issuer and its executive officers and directors is aware of any material nonpublic
information regarding the Issuer or the Common Stock and (b) all reports and other documents filed by the Issuer with the Securities and Exchange Commission pursuant to the Securities Exchange Act of 1934, as amended, when considered as a whole
(with the more recent such reports and documents deemed to amend inconsistent statements contained in any earlier such reports and documents), do not contain any untrue statement of a material fact or any omission of a material fact required to be
stated therein or necessary to make the statements therein, in the light of the circumstances in which they were made, not misleading; 
 (ix) the repurchase of the Shares by the Issuer, the compliance by the Issuer with all of the provisions of this Agreement and the consummation of the transactions herein contemplated will not conflict with or result
in a breach (each, a “Breach”) of any of the terms or provisions of, or constitute a default (each a “Default”) under, any indenture, mortgage, deed of trust, loan agreement or any other agreement or instrument to which the
Issuer or any of its Material Subsidiaries is a party (collectively, “Contracts”) or by which the Issuer or any of its Material Subsidiaries is bound or to which any of the property or assets of the Issuer or any of its Material
Subsidiaries is subject (except such Breach or Default as would not reasonably be expected to materially adversely affect the ability of the Issuer to perform its obligations under any Contract), nor will such action result in any violation of the
provisions of the Certificate of Incorporation or By-laws of the Issuer, nor will such action result in any material violation by the Issuer of any applicable statute, order, rule or regulation of any court or governmental agency or body having
jurisdiction over the Issuer or any of its properties; and 
 (x) no consent, approval, authorization, order, registration
or qualification of or with any court or governmental agency or body having jurisdiction over the Issuer or any of its properties is required for the repurchase of the Shares by the Issuer, the compliance by the Issuer with all the terms of this
Agreement, or the consummation by the Issuer of the transactions contemplated by this Agreement, other than the registration of the Stock Settlement Shares and any Make-whole Shares under the Securities Act in accordance with the provisions of
Section 3(c), which registration shall be completed not less than fifteen days following the Last Averaging Date in respect of the last Tranche, and such authorizations, 

  

 15 

 
orders, registrations and qualifications as may be required under state or securities or blue sky laws in connection with the resale by UBS of the Registered
Shares. 
 (b) UBS hereby represents and warrants to the Issuer: 
 (i) it has all power and authority to enter into this Agreement and the Registration Rights Agreement and the transactions contemplated
hereby and thereby; 
 (ii) this Agreement has been duly authorized, validly executed and delivered by UBS and constitutes a
valid and legally binding obligation of UBS enforceable in accordance with its terms, subject, as to enforcement, to bankruptcy, insolvency, fraudulent transfer, reorganization, moratorium and similar laws of general applicability relating to or
affecting creditors' rights and to general equity principles; and 
 (iii) the Registration Rights Agreement, when and if
executed and delivered pursuant to Section 3(c) hereof, shall have been duly authorized, validly executed and delivered by UBS and shall constitute a valid and legally binding obligation of UBS enforceable in accordance with its terms, subject,
as to enforcement, to bankruptcy, insolvency, fraudulent transfer, reorganization, moratorium and similar laws of general applicability relating to or affecting creditors' rights and to general equity principles. 
 (c) Issuer hereby covenants and agrees that it shall notify UBS in writing in accordance with the provisions of Section 9 below of
the declaration of any dividend or distribution constituting a Dividend Event not less than thirty Scheduled Trading Days prior to the record date in respect of any such dividend or distribution. 
 Section 7. Indemnification. 
 (a) In the event that UBS becomes involved in any capacity in any action, proceeding or investigation brought by or against any person in connection with the transactions contemplated by this
Agreement, the Issuer periodically will reimburse UBS for its reasonable legal and other expenses (including the reasonable cost of any investigation and preparation) incurred in connection therewith; provided that such expenses will be promptly
refunded to the Issuer to the extent incurred in connection with a matter as to which UBS is not entitled to indemnification under this Section 7. The Issuer also will indemnify and hold UBS harmless against any losses, claims, damages or
liabilities to which UBS may become subject in connection with the transactions contemplated by this Agreement, except to the extent that any such loss, claim, damage or liability results from the gross negligence or bad faith of UBS in effecting
the transactions contemplated by this Agreement. If for any reason the foregoing indemnification is unavailable to UBS or insufficient to hold it harmless, then the Issuer shall contribute to the amount paid or payable by UBS as a result of such
loss, claim, damage or liability in such proportion as is appropriate to reflect not only the relative benefits received by the Issuer on the one hand and UBS on the other hand in the transactions contemplated by this Agreement as well as the
relative fault of the Issuer and UBS with respect to such loss, claim, damage or liability and any other relevant equitable considerations. The relative benefits to the 

  

 16 

 
Issuer, on the one hand, and UBS, on the other hand, shall be in the same proportion as the aggregate Purchase Price bears to the commissions received by UBS
pursuant to the last paragraph of Section 2. The reimbursement, indemnity and contribution obligations of the Issuer under this Section 7 shall be in addition to any liability which the Issuer may otherwise have, shall extend upon the same
terms and conditions to any affiliate of UBS and the partners, directors, officers, agents, employees and controlling persons (if any), as the case may be, of UBS and any such affiliate and shall be binding upon and inure to the benefit of any
successors, assigns, heirs and personal representatives of the Issuer, UBS, any such affiliate and any such person. The Issuer also agrees that UBS nor any of such affiliates, partners, directors, officers, agents, employees or controlling persons
shall have any liability to the Issuer for or, in connection with any matter referred to in this Agreement except to the extent that any losses, claims, damages, liabilities or expenses incurred by the Issuer result from the gross negligence or bad
faith of UBS in effecting the transactions that are the subject of this Agreement. The foregoing provisions shall survive any termination or completion of this Agreement. 
 (b) Promptly after receipt by UBS or any of its affiliates, partners, directors, agents, employees or controlling persons entitled to indemnification pursuant to this Section 7 (each, an
“Indemnified Party”) of notice of the commencement of any action, such Indemnified Party will, if a claim in respect thereof may be made against the Issuer under this Section 7, notify the Issuer in writing of the commencement
thereof, but the omission so to notify the Issuer will not relieve it from any liability which it may have to any Indemnified Party under this Section 7 except to the extent that the Issuer’s rights are materially prejudiced as a result of
such delay. Upon receipt of such notice, the Issuer shall be entitled to participate at its own expense in the defense, or if it so elects, to assume the defense of such action, in which event such defense shall be conducted by counsel chosen by the
Issuer and reasonably satisfactory to the Indemnified Party or Indemnified Parties who shall be a defendant or defendants in any such action and such defendant or defendants shall bear the fees and expenses of any additional counsel retained by
them; but if the Issuer shall elect not to assume the defense of such action, the Issuer will reimburse such Indemnified Party or Indemnified Parties for the reasonable fees and expenses of any counsel retained by them; provided however, if
the defendants in any such action (including impleaded parties) include both the Indemnified Parties and the Issuer and counsel for the Issuer shall have reasonably concluded that there may be a conflict of interest involved in the representation by
a single counsel of both the Indemnifying Parties and the Issuer, the Indemnified Party or Indemnified Parties shall have the right to select separate counsel, satisfactory to the Issuer (it being understood, however, that the Issuer shall not be
liable for the expenses of more than one separate counsel representing Indemnified Parties who are parties to such action). 
 Section 8. Termination Event. 
 Upon the occurrence of a Termination Event and so long as such Termination Event
shall be continuing, UBS may, in its discretion, by notice to the Issuer (the date of such notice and the notice referred to in the succeeding clause being referred to herein as the “Notice Date”), direct that the Execution Period shall
forthwith terminate on the date specified in such notice (the “Termination Event Termination Date”). In such an event, (i) the Execution Period shall 

  

 17 

 
terminate on the Termination Event Termination Date, (ii) “Number of Shares” with respect to any Tranche for which a Last Averaging Date has
not yet been determined shall be deemed to be “Adjusted Number of Shares” for purposes of Section 3(a)(i), (iii) the “Last Averaging Date” with respect to any Tranche for which a Last Averaging Date has not yet been
determined shall be deemed to be the Trading Day immediately preceding the Notice Date for purposes of Section 3(a)(i), (iv) the Principal Account as calculated in Section 3(a)(i) shall be further reduced on such date by an amount
equal to the product of (a) the arithmetic average of the Termination VWAP Price for each day during the period commencing on and including the Notice Date to and including the Termination Event Termination Date and (b) the Assumed Short
Position, and (v) the Settlement Amount shall be further adjusted by the amount that the Calculation Agent reasonably determines in good faith to be UBS’s losses and costs in connection with the early termination of this Agreement
resulting solely as a result of changes in the volatility of the Shares. In the event that the Issuer objects to any adjustments made pursuant to this Section 8, the Issuer shall promptly notify UBS, and the Issuer and UBS agree to use their
good faith best efforts to reach an agreement as to the adjustment. In the further event that the Issuer and UBS are not able to reach an agreement in respect of any such adjustment, the Issuer and UBS shall appoint a third party with sufficient
expertise to determine the adjustment and such adjustment shall be binding on both parties. The fees and expenses of such expert shall be shared equally by the Issuer and UBS. 
 Section 9. Miscellaneous. 
 (a) Severability.
If any term, provision, covenant or restriction of this Agreement is held by a court of competent jurisdiction to be invalid, void or unenforceable, the remainder of the terms, provisions, covenants and obligations set forth herein shall remain in
full force and effect and shall in no way be affected, impaired or invalidated. 
 (b) Assignment. Neither the rights
under this Agreement nor the obligations created by this Agreement shall be assignable or delegable, in whole or in part, by either party hereto without the prior written consent of the other (which consent shall not be unreasonably withheld), and
any attempt to assign or delegate any rights or obligations arising under this Agreement without such consent shall be void. 
 (c) Waivers, etc. No failure or delay on the part of either party in exercising any power or right hereunder shall operate as a waiver 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. No amendment, modification or waiver of any provision of this Agreement nor consent to any
departure by either party therefrom shall in any event be effective unless the same shall be in writing and, in the case of a waiver or consent, shall be effective only in the specific instance and for the purpose for which given. 
 (d) Beneficiaries. This Agreement shall be binding upon, and inure solely to the benefit of, the Issuer, UBS and, to the extent
provided in Section 7 hereof, the 

  

 18 

 
affiliates, partners, directors, officers, agents, employees and controlling persons, if any, of UBS, and their respective successors, assigns, heirs and
personal representatives, and no other person shall acquire any rights hereunder. 
 (e) Rights of Set-Off. In
addition to any rights of set-off a party may have as a matter of law or otherwise, upon occurrence of an Event of Default with respect to the Issuer, UBS shall have the right, without prior notice to the Issuer or any other person, to (i) set
off any obligation of the Issuer owing to UBS or any affiliate of UBS against any obligations of UBS or any affiliate of UBS owing to the Issuer, or (ii) for the purpose of cross-currency set-off, convert any obligation to another currency at
the market rate determined by UBS, or (iii) if an obligation is unascertained, in good faith estimate that obligation and set off in respect of the estimate, subject to the relevant party accounting to the other when the obligation is
ascertained. Nothing in this Section 9(e) will have the effect of creating a charge or other security interest. Notwithstanding anything to the contrary in the foregoing, UBS agrees not to set off or net amounts due from the Issuer with respect
to this Transaction against amounts due from UBS to Issuer with respect to contracts or instruments that are not Equity Contracts. ‘‘Equity Contract’’ means any transaction or instrument that does not convey rights to UBS
senior to claims of common stockholders in the event of the Issuer’s bankruptcy. 
 (f) Changes of Law. If, due
to any change in applicable law or regulations or the interpretation thereof by any court of law or other body having jurisdiction subsequent to the date of this Agreement, performance of any provision of this Agreement or any transaction
contemplated thereby shall become impracticable or impossible, the parties hereto shall use their best efforts to find and employ an alternative means to achieve the same or substantially the same result as contemplated by such provision.

 (g) Confidentiality. Subject to Section 5(a), to any contrary requirement of law and to the right of each
party to enforce its rights hereunder in any legal action, each party shall keep strictly confidential and shall cause its employees and agents to keep strictly confidential the terms of this Agreement and any information of or concerning the other
party which it or any of its agents or employees may acquire pursuant to, or in the course of performing its obligations under, any provision of this Agreement. In the event disclosure is permitted pursuant to the preceding sentence, the disclosing
party shall (i) provide prior notice of such disclosure to the other party, (ii) use its best efforts to minimize the extent of such disclosure and (iii) comply with all reasonable requests of the other party to minimize the extent of
such disclosure. This Section 9(g) shall not prevent either party from disclosing information as necessary to third-party advisors in connection with the transactions contemplated hereby provided that such advisors agree in writing to be bound
by this Section 9(g) as if a party hereto. UBS hereby consents to the issuance of a press release by the Issuer announcing its entry into this Agreement and the filing with the SEC of a copy of this Agreement. 
 (h) Agent. UBS Securities LLC shall act as “agent” for UBS and the Issuer within the meaning of Rule 15a-6 under the
Exchange Act. The Agent is not a principal to this Agreement and shall have no responsibility or liability to UBS or the Issuer in respect of this Agreement, including, without limitation, in respect of the failure of UBS or the Issuer to 

  

 19 

 
pay or perform under this Agreement. Each of UBS and the Issuer agrees to proceed solely against the other to collect or recover any securities or money
owing to it in connection with or as a result of this Agreement. The Agent shall otherwise have no liability in respect of this Agreement, except for its gross negligence or willful misconduct in performing its duties as Agent hereunder. As a
broker-dealer registered with the Securities and Exchange Commission, UBS Securities LLC, in its capacity as agent, will be responsible for (i) effecting the transaction contemplated in this Agreement, (ii) issuing all required notices,
confirmations and statements to Buyer and Seller and (iii) maintaining books and records relating to this Agreement. 
 (i) Headings. Descriptive headings herein are for convenience only and shall not control or affect the meaning or construction of any provision of this Agreement. 
 (j) Counterparts. This Agreement may be executed by the parties hereto in counterparts, and each such executed counterpart shall
be, and shall be deemed to be, an original instrument and all such counterparts, taken together, shall constitute one and the same instrument. 
 (k) Notices. All notices, consents, requests, instructions, approvals and other communications provided for herein shall be validly given, made or served if in writing and delivered personally, by telegram, by
telecopy or sent by overnight courier, postage prepaid, to: 
 UBS AG, London Branch at: 
 c/o UBS Securities LLC 
 299 Park Avenue, 29th Floor 
 New York, New York 10171 
 Attention: Paul Stowell and Sanjeet Dewal 
 Fax Number: 212-821-4610 
 With a copy to such address to attention of: 
 Legal and External Affairs 
  

			
	 the Issuer at:
	  	 One Nationwide Plaza, 1-13-G3

		  	 Columbus, OH 43215

		
	 Attention of:
	  	 Roger W. Green

	 Fax Number:
	  	 614-677-6688

		
	 With a copy to:
	  	 Denise L. Skingle

		  	 Associate General Counsel

		  	 One Nationwide Plaza, 1-35-22

		  	 Columbus, OH 43215

		
	 Fax Number:
	  	 614-249- 2418

  

 20 

 or to such other address as any party may, from time to time, designate in a written notice given in a
like manner. Notice given by telegram or telecopy shall be deemed delivered when evidence of the transmission is received by the sender and shall be confirmed in writing by overnight courier, postage prepaid. Notice given by overnight courier as set
out above shall be deemed delivered the business day after the date the same is mailed. 
 (l) Account Details.

  

					
		  	 UBS:

		
		  	 Cash Payments for Stock Purchase

		  	 Citibank, New York

		  	 ABA# 021 000 089

		  	 A/C# 4065 2556

		  	 UBS Securities, LLC

		
		  	 Cash Payments for Settlement

		  	 UBS AG Stamford

		  	 f/o UBS AG London Branch

		  	 ABA# 026-007-993

		  	 AC# 101-WA-140007-000

		
		  	 Issuer:

		
		  	 Bank:                     Bank of New York, New York City

		  	 ABA
#:                  021000018

		  	 Account Name:      Nationwide Financial Services Inc.

		  	 Account #:             8900323973

 (m) Governing Law. This Agreement shall be governed by and construed and
enforced in accordance with the laws of the state of New York without reference to conflict of law principles. Each party hereto irrevocably submits to the extent permitted under applicable law to the non-exclusive jurisdiction of the federal and
state courts located in the Borough of Manhattan, State of New York. Each party waives, to the fullest extent permitted by applicable law, any right it may have to a trial by jury in respect of any suit, action or proceeding relating to this
Agreement. 
  

 21 

 IN WITNESS WHEREOF, UBS and the Issuer have caused this Agreement to be duly authorized,
executed and delivered as of the date first written above. 
  

			
	 UBS AG, LONDON BRANCH

		
	 By:
	 	 /s/ D. Mandel

	 Name:
	 	 Dmitry Mandel

	 Title:
	 	 Executive Director, Equity Risk Management

		
	 By:
	 	 /s/ Sanjeet Dewal

	 Name:
	 	 Sanjeet Dewal

	 Title:
	 	 Associate Director

	
	 UBS SECURITIES LLC

		
	 By:
	 	 /s/ D. Mandel

	 Name:
	 	 Dmitry Mandel

	 Title:
	 	 Executive Director, Equity Risk Management

		
	 By:
	 	 /s/ Sanjeet Dewal

	 Name:
	 	 Sanjeet Dewal

	 Title:
	 	 Associate Director

	
	 NATIONWIDE FINANCIAL SERVICES, INC.

		
	 By:
	 	 /s/ Timothy G. Frommeyer

	 Name:
	 	 Timothy G. Frommeyer

	 Title:
	 	 Senior Vice President and Chief Financial Officer

  

 22

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