Document:

exv10w28

Exhibit 10.28

GENERAL SECURITY AGREEMENT

DATED AS OF FEBRUARY 10, 2010

	 	 	 
	DEBTOR:

	 	43642 YUKON INC., a Yukon company
	 
	 	 
	SECURED PARTY:

	 	WELLS FARGO CAPITAL FINANCE, LLC (formerly, Wells Fargo
Foothill, LLC), a Delaware limited liability company as
agent for and on behalf of the Lender Group and the Bank
Product Providers

 

 

GENERAL SECURITY AGREEMENT

PARTIES

Debtor

	 	 	 	 	 	 	 
	 

	 	Name:
	 	 	 	43642 YUKON INC., a Yukon company
	 
	 	 	 	 	 	 
	 

	 	Address:	 	 	 	 
	 
	 	 	 	 	 	 
	 

	 	Attention:	 	 	 	 
	 
	 	 	 	 	 	 
	 

	 	Fax No.:	 	 	 	 
	 
	 	 	 	 	 	 
	 

	 	(the “Debtor”)	 	 	 	 

Secured Party

	 	 	 	 	 	 	 
	 

	 	Name:
	 	 	 	WELLS FARGO CAPITAL FINANCE, LLC, a Delaware limited liability
company as arranger and administrative agent for and on behalf of the Lender
Group and the Bank Product Providers
	 
	 	 	 	 	 	 
	 

	 	Address:
	 	 	 	2450 Colorado Avenue, Suite 3000 West
Santa Monica, CA 90404
	 
	 	 	 	 	 	 
	 

	 	Attention:
	 	 	 	Technology Finance Division Manager
	 
	 	 	 	 	 	 
	 

	 	Fax No.:
	 	 	 	(310) 453-7413
	 
	 	 	 	 	 	 
	 	 	(in such capacity, together with its successors and assigns in such capacity, the

“Secured Party”)

EFFECTIVE DATE

February 10, 2010 (the “Effective Date”)

WHEREAS:

A. Pursuant to a credit agreement (as amended, restated, renewed, supplemented or otherwise
modified from time to time, the “Credit Agreement”) dated as of September 3, 2009, by and among
RealPage, Inc. (the “Borrower”), as borrower, and the lenders from time to time party thereto (each
a “Lender” and collectively, the “Lenders”), as lenders, and Wells Fargo Capital Finance, LLC
(formerly, Wells Fargo Foothill, LLC), as agent for and on behalf of the Lenders (the “Agent”), the
Lenders have agreed to make available to the Borrower certain credit facilities on the terms and
conditions set out in the Credit Agreement.

 

 

B. To secure the payment and performance of the Guaranteed Liabilities (as defined in that certain
guarantee dated as of the date hereof and granted by the Debtor to and in favour of the Agent (the
“Guarantee”)), the Debtor has entered into the Guarantee to, among other things, guarantee the
payment and performance of the Obligations (as defined in the Credit Agreement). The Debtor has
also agreed to grant to the Secured Party a security interest in respect of the Collateral (as
hereinafter defined) in accordance with the terms of this Agreement.

C. In this Agreement and Recitals, all capitalized terms used but not defined herein have the
meanings given to such terms in the Credit Agreement.

THEREFORE for consideration, the receipt and adequacy of which are acknowledged by the Debtor, the
Debtor agrees with the Secured Party as follows:

1. Grant of Security Interest

The Debtor hereby:

	 	(a)	 	grants to the Secured Party, for the benefit of the Lender Group and the Bank
Product Providers (collectively, the “Beneficiaries”), a security interest in; and
	 
	 	(b)	 	grants, mortgages and charges as and by way of a fixed and specific mortgage
and charge to and in favour of the Secured Party, for the benefit of the Beneficiaries,

(collectively, the “Security Interest”),

all of the Debtor’s right, title and interest in and to all of the present and after-acquired
personal property of the Debtor including, without limitation, each and every property described or
referred to in Section 2 below and any proceeds derived directly or indirectly from any dealing
with such property or any proceeds therefrom (collectively, the “Collateral”), all pursuant to and
in accordance with the provisions of this Agreement.

The Security Interest granted hereby does not and shall not extend to, and Collateral shall not
include: (i) any agreement, contract, lease, instrument, right, franchise, licence or permit (the
“Contractual Rights”) to which the Debtor is a party or of which the Debtor has the benefit, to the
extent that the creation of the Security Interest herein would constitute a breach of the terms
thereof or permit any person to terminate the Contractual Rights for failure to obtain the consent
of that person, but the Debtor shall hold its interest therein in trust for itself as owner and for
the Secured Party as a secured party (notwithstanding the foregoing, nothing herein shall limit,
impair or otherwise affect the Secured Party’s continuing security contract, interests in and lien
upon any rights or interests of the Debtor in or to (a) monies due or to become due under any
described contract, lease, permit, license, charter or license agreement (including any Accounts),
or (b) any proceeds from the sale, license, lease or other dispositions of any such contract,
lease, permit, license, charter, license agreement or Securities); (ii) the last day of the term of
any lease or sublease, oral or written, or any agreement therefor, but upon the enforcement of the
Security Interest, mortgages and charges contemplated herein, the Debtor shall stand possessed of
such last day in trust to assign the same to any person acquiring such term; or (iii) any consumer
goods (as defined below).

 

 

Upon the request of the Secured Party, the Debtor will take any and all actions reasonably required
to provide the Secured Party with the benefit of a security interest in such Contractual Rights and
shall assign and grant a security interest in such Contractual Rights in favour of the Secured
Party forthwith upon obtaining the consent to such assignment and security interest as required of
the other parties thereto. The Debtor agrees that it shall, upon the request of the Secured Party,
use all commercially reasonable efforts to obtain any consent required to permit any Contractual
Rights to be subjected to the Security Interest.

2. Description of Collateral

The Collateral of the Debtor includes all of the following personal property and fixtures, and all
of the leasehold interests and other property described in paragraph 2(j) below,

	 	(a)	 	all goods now or hereafter comprising part of the inventory of the Debtor and
all interests, rights and benefits, both present and future of the Debtor in or to
inventory including, without limitation, goods now or hereafter held for sale or lease
or furnished or to be furnished under a contract of service or that are raw materials,
work in process or materials used or consumed in a business or profession or finished
goods;
	 
	 	(b)	 	all goods which are not inventory or consumer goods now or hereafter owned by
the Debtor and all interests, rights and benefits, both present and future, of the
Debtor in or to such goods including, without limitation, all equipment, office,
warehouse and other furniture, fixtures, machinery, tools, rolling stock, motor
vehicles, accessories, spare parts, supplies and other tangible personal property;
	 
	 	(c)	 	all fixtures now or hereafter owned by the Debtor and all interests, rights and
benefits, both present and future, of the Debtor in or to fixtures;
	 
	 	(d)	 	all chattel paper now or hereafter owned or held by the Debtor and all
interests, rights and benefits, both present and future, of the Debtor in, under or to
chattel paper;
	 
	 	(e)	 	each and every document of title now or hereafter owned by the Debtor or of
which the Debtor is or becomes a holder, whether negotiable or non-negotiable,
including, without limitation, each and every warehouse receipt and bill of lading, and
all interests, rights and benefits, both present and future, of the Debtor in, under or
to each and every document of title;
	 
	 	(f)	 	each and every instrument now or hereafter owned by the Debtor or of which the
Debtor is or becomes a holder, and all interests, rights and benefits, both present and
future, of the Debtor in, under or to each and every instrument;
	 
	 	(g)	 	each and every security now or hereafter owned by the Debtor or of which the
Debtor is or becomes a holder including, without limitation, all shares, stocks,
warrants, bonds, debentures, debenture stock, investment property, security
entitlements or the like issued by a corporation or other Person, or a partnership,
association or

 

 

	 		 	government, and all interests, rights and benefits, both present and future, of the
Debtor in, under or to each and every security;

	 	(h)	 	all money of the Debtor and all money hereafter acquired by the Debtor and each
and every account, debt, claim and demand of every nature and kind which is now due,
owing or accruing due or which may hereafter become due, owing or accruing due to the
Debtor, or which the Debtor now has or may hereafter have and all interests, rights and
benefits, both present and future of the Debtor in or to each and every account, debt,
claim and demand including, without limitation, claims against the Crown and claims
under insurance policies;
	 
	 	(i)	 	all patents, industrial designs, trademarks, trade secrets and know-how in
which the Debtor now or hereafter has an interest including without limitation,
confidential information, trade-names, goodwill, copyrights, personalty rights,
software and all other forms of intellectual and industrial property, and any
registrations and applications for registration of any of the foregoing (collectively,
the “Intellectual Property”);
	 
	 	(j)	 	each and every lease, agreement to lease and leasehold interest of the Debtor
and all interests, rights and benefits, both present and future, of the Debtor in,
under or to the same;
	 
	 	(k)	 	each and every intangible now or hereafter owned by the Debtor or of which the
Debtor is or becomes a holder, and all interests, rights and benefits, both present and
future, of the Debtor in, under or to each and every intangible;
	 
	 	(l)	 	with respect to the property described in each of subparagraphs 2(a) to 2(k)
inclusive, all substitutions and replacements thereof, improvements, increases,
additions and accessions thereto and all interests, rights and benefits, both present
and future, of the Debtor in, under or to the same;
	 
	 	(m)	 	with respect to the property described in each of subparagraphs 2(a) to 2(1)
inclusive, identifiable or traceable personal property in any form derived directly or
indirectly from any dealing with such property or the proceeds therefrom and includes
any payment representing indemnity or compensation for loss of or damage to such
property or proceeds therefrom; and
	 
	 	(n)	 	with respect to the property described in each of subparagraphs 2(a) to 2(m)
inclusive, all books, accounts, invoices, letters, deeds, contracts, security,
securities, instruments, bills, notes, writings, papers, documents and records in any
form evidencing or relating thereto, and all other rights and benefits to which the
Debtor is now or may hereafter become entitled in respect thereof.

In this Agreement, the words “goods”, “inventory”, “investment property”, “equipment”, “chattel
paper”, “consumer goods”, “document of title”, “instrument”, “security”, “security entitlement”,
“money”, “account”, “motor vehicle”, “proceeds”, “intangible” and “accessions” shall have the same

 

 

meanings as their defined meanings in The Personal Property Security Act (Manitoba) and the
Regulations thereto (the “PPSA”). In this Agreement, each reference to “Collateral” shall, unless
the context otherwise requires, include and be read as “Collateral or any part thereof”.

Without limiting the generality of the foregoing, the Collateral shall include all tangible
personal property of the Debtor now or hereafter located on or about or in transit to or from the
locations set out in Schedule B (as amended from time to time) hereto. The Debtor shall promptly
inform the Secured Party in writing of any other location at which the Collateral consisting of
tangible personal property may in the future be located.

3. Secured Obligations

The Security Interest created hereby secures the payment and performance of all present and future
debts, liabilities and obligations of the Debtor in respect of the Credit Agreement and the other
applicable Loan Documents, including, without limitation or duplication, (i) all obligations of the
Debtor under the Guarantee (including but not limited to the Guaranteed Liabilities (as defined in
the Guarantee)), (ii) all interest, fees, commissions, charges, expense reimbursements,
indemnifications and all other amounts due or to become due from the Debtor hereunder and under any
other Loan Document, and (iii) all expenses payable by the Debtor in connection with any and all of
the foregoing wherever and however incurred, and any unpaid balance thereof (collectively, the
“Secured Obligations”).

4. Attachment

The Debtor acknowledges and confirms that the Security Interest granted hereby shall attach:

	 	(a)	 	forthwith upon the Effective Date with respect to each and every property
included in the Collateral and in which the Debtor then has rights; and
	 
	 	(b)	 	forthwith upon the Debtor acquiring rights in each and every property included
in the Collateral subsequent to the Effective Date.

For greater certainty, without in any way limiting the above, the Debtor acknowledges and confirms
that it has not agreed to postpone the time for attachment of the Security Interest.

5. Debtor’s Representations and Warranties

The Debtor acknowledges that the Secured Party and the Beneficiaries are, in part, relying upon the
representations, warranties and covenants made by or relating to the Debtor and set out in the
Credit Agreement in accepting the Security Interest granted upon the terms of this Agreement, and
hereby represents and warrants to and covenants with the Secured Party as follows:

	 	(a)	 	Motor Vehicles: A description of all motor vehicles and other “serial number
goods” (i.e. trailers, mobile homes, aircraft, aircraft engines and vessels) (including
vehicle identification numbers) presently owned by the Debtor is set out in Schedule A
to this Agreement.

 

 

	 	(b)	 	Locations of Collateral: Any Collateral that is tangible personal property is
located at the locations identified in Schedule B (as amended from time to time) to
this Agreement (or is otherwise in transit).
	 
	 	(c)	 	No Consumer Goods: The Debtor does not own any consumer goods which are
material in value or which are material to the business, operations, property,
condition or prospects (financial or otherwise) of the Debtor.
	 
	 	(d)	 	Intellectual Property: The particulars of: (i) all registrations and
applications for registration of any Intellectual Property owned by the Debtor; and
(ii) any licensed Intellectual Property material to the Debtor’s business; is listed in
Schedule C (as amended from time to time by delivering an updated schedule to the
Secured Party) to this Agreement. Each such Intellectual Property is valid,
subsisting, unexpired, enforceable and has not been abandoned without prior written
consent of the Secured Party except to the extent the same is no longer necessary or
economically desirable in the operations of the Debtor’s business. Except as set out
in such Schedule (as amended from time to time), none of such Intellectual Property has
been licensed or franchised by the Debtor to any Person. To the extent deemed
necessary in the Debtor’s reasonable business judgment, the Debtor has made in good
faith and in accordance with the procedures and regulations of the Canadian
Intellectual Property Office, all payments, filings, and recordations necessary to
protect and maintain their interest in the Intellectual Property identified on Schedule
C.

All agreements, representations, warranties and covenants made by the Debtor in this Agreement are
material, will be considered to have been relied on by the Secured Party and the Beneficiaries and
will survive the execution and delivery of this Agreement or any investigation made at any time by
or on behalf of the Secured Party and the Beneficiaries and any disposition or payment of the
Secured Obligations until repayment and performance in full of the Secured Obligations or as
otherwise permitted under the Credit Agreement and termination of all the rights of the Debtor
that, if exercised, would result in the existence of Secured Obligations.

6. Debtor’s Covenants

The Debtor agrees with the Secured Party that:

	 	(a)	 	The Debtor shall pay, perform, satisfy, fulfil and discharge the Secured
Obligations when due.
	 
	 	(b)	 	The Debtor shall, if requested by the Secured Party, deliver forthwith to the
Secured Party such further details respecting the Collateral as may reasonably be
requested from time to time by the Secured Party. Such further details so delivered
shall be deemed to be contained in and form part of this Agreement.
	 
	 	(c)	 	The Debtor shall not permit any material Collateral to be affixed to real or
personal property now owned by the Debtor so as to become a fixture or accession,
without prior written notice to the Secured Party and a collateral access agreement.

 

 

	 	(d)	 	Except as permitted by the Credit Agreement, the Debtor shall not convey, sell,
lease, license, assign, transfer or otherwise dispose of any of the Collateral,
	 
	 	(e)	 	In the event that any Collateral, including, without limitation, proceeds
thereof, is evidenced by or consists of chattel paper, instruments, securities or
negotiable documents of title (collectively, the “Negotiable Collateral”), and if and
to the extent that the Secured Party determines that perfection or priority of the
Secured Party’s security interest is dependent on or enhanced by possession, the
Debtor, immediately upon the request of the Secured Party, shall endorse and deliver
physical possession of such Negotiable Collateral to the Secured Party.
	 
	 	(f)	 	The Secured Party may, at any time after the occurrence and during the
continuation of an Event of Default, (i) notify any Person obligated to the Debtor on
any debt, account or chattel paper or any obligor to the Debtor on an instrument to
make payment thereunder to the Secured Party, whether or not the Debtor was theretofore
making collections thereon, and (ii) assume control of any proceeds arising from such
Collateral. The Debtor agrees that, subject to the terms of any cash management
agreement entered into by the Debtor, after the occurrence and during the continuance
of an Event of Default, they will hold in trust for, the Secured Party, as the Secured
Party’s trustee, any of its collections that they receive and immediately will deliver
such collections to the Secured Party or a cash management bank in their original form
as received by the Debtor.
	 
	 	(g)	 	The Debtor will not create, incur or permit to exist, and will defend the
Collateral against, and will take such other action as is necessary to remove, any and
all security interests in and other claims affecting the Collateral, other than the
Security Interest created by this Agreement, Permitted Liens, or such security
interests or other claims as permitted in writing by the Secured Party, and subject to
the foregoing, the Debtor will defend the right, title and interest of the Secured
Party in and to the Collateral against the claims and demands of all Persons.
	 
	 	(h)	 	Except as otherwise permitted under the Loan Documents, the Debtor shall not
cause or permit any Person other than the Secured Party to have “control” (as defined
in The Securities Transfer Act (Manitoba) (the “STA”)) of any financial asset or
investment property constituting part of the Collateral, other than “control” in favour
of any depositary bank or securities intermediary which has subordinated its lien to
the lien of the Secured Party pursuant to documentation in form and substance
satisfactory to the Secured Party.
	 
	 	(i)	 	The Debtor will promptly, following demand from time to time by the Secured
Party, authorize, execute and deliver any and all agreements, instruments, documents
and papers that the Secured Party may reasonably request to evidence the Secured
Party’s Security Interest in any Intellectual Property.
	 
	 	(j)	 	The Debtor shall execute, deliver, file, record, authorize or obtain all such
financing statements, continuation statements, notices, instruments, documents,
agreements,

 

 

	 		 	consents, or other papers or amendments thereto, and such other instruments or
notices, as may be necessary or desirable, or as the Secured Party may request, in
order to create, preserve, perfect, maintain the perfection of, or validate the
security interest granted or purported to be granted hereby, or to enable the Secured
Party to exercise and enforce its rights hereunder with respect to such security
interest and, without limiting the foregoing, shall:

	 	(i)	 	deliver to the Secured Party any and all
certificates representing Collateral that is a certificated security
(the “Pledged Certificated Securities”) and other materials as may be
required from time to time to provide the Secured Party with control
over all Pledged Certificated Securities in the manner provided under
Section 23 of the STA, and at the request of the Secured Party, will
cause all Pledged Certificated Securities to be registered in the name
of the Secured Party or its nominee;
	 
	 	(ii)	 	deliver to the Secured Party any and all such
documents, agreements and other materials as may be required from time
to time to provide the Secured Party with control over all Collateral
that is an uncertificated security in the manner provided under Section
24 of the STA;
	 
	 	(iii)	 	deliver to the Secured Party any and all such
documents, agreements and other materials as may be required from time
to time to provide the Secured Party with control over all Collateral
that is a security entitlement in the manner provided under Section 25
or 26 of the STA;
	 
	 	(iv)	 	deliver to the Secured Party any and all such
documents, agreements and other materials as may be required from time
to time to provide the Secured Party with control over all Collateral
that is a futures contract in the manner provided under subsection 1.1
of the PPSA;
	 
	 	(v)	 	promptly from time to time upon request by the
Secured Party enter into such control agreements, each in form and
substance reasonably acceptable to the Secured Party, as may be required
to perfect the security interest created hereby in any and all
investment property, and will promptly furnish to the Secured Party true
and complete copies thereof;
	 
	 	(vi)	 	promptly from time to time upon the request of
the Secured Party, execute and deliver such short-form security
agreements as the Secured Party may reasonably deem necessary or
desirable to protect the interests of the Secured Party in respect of
that portion of the Collateral consisting of intellectual property; and

 

 

	 	(vii)	 	promptly upon request of the Secured Party, with
respect to any securities issued by an issuer that is organized outside
of Canada, cause to be delivered to the Secured Party a securities
pledge agreement covering such securities.

7. Rights and Remedies/Events of Default

Forthwith upon the occurrence and during the continuance of an Event of Default, the Security
Interest shall be enforceable and the Secured Party shall have, in addition to any other rights and
remedies provided by law, the rights and remedies of a secured party under the PPSA and those
provided by this Agreement and the Credit Agreement. In addition, upon the occurrence and during
the continuance of an Event of Default, the Secured Party may take possession of the Collateral and
enforce any rights of the Debtor in respect of the Collateral by any method available in or
permitted by law and may require the Debtor to assemble the Collateral and to deliver or make the
Collateral available to the Secured Party at any place as may be designated by the Secured Party.

For greater certainty, and without limiting any of the foregoing, the Debtor agrees with the
Secured Party that the Secured Party may carry on, or concur in the carrying on of, all or any part
of the business or undertaking of the Debtor, and may, to the exclusion of all others, including
the Debtor, enter upon, occupy and use all or any of the premises, buildings, plant and undertaking
of or occupied or used by the Debtor and may use all or any of the tools, machinery, equipment and
intangibles of the Debtor for such time as the Secured Party sees fit, free of charge, to carry on
the business of the Debtor and, if applicable, to manufacture or complete the manufacture of any
inventory and to pack and ship the finished product.

8. Receiver — Appointment

Following the occurrence and during the continuance of an Event of Default, the Secured Party may
take proceedings in any court of competent jurisdiction for the appointment of a receiver or a
receiver and manager (the “receiver”) of the Collateral or may by instrument in writing appoint any
Person to be a receiver of the Collateral or of any part thereof and may remove any receiver so
appointed by the Secured Party and appoint another in his stead. To the extent permitted by
applicable law, any receiver appointed by the Secured Party will (for purposes relating to
responsibility for the receiver’s acts or omissions) be considered to be the agent of the Debtor
and not of the Secured Party.

9. Receiver — Powers

Any receiver appointed hereunder by instrument in writing shall have power (a) to take possession
of the Collateral or any part thereof and to maintain, preserve and protect the same; (b) to carry
on or concur in carrying on all or any part of the business or businesses of the Debtor; (c) to
borrow money on the security of the Collateral in priority to the Security Interest granted by this
Agreement, which such receiver, in its reasonable discretion, determines is required in connection
with either or both of the powers provided for in paragraphs (a) and (b); and (d) to dispose of the
Collateral in whole or in part, and any such disposition may be by public sale (whether by auction,
tender or otherwise), private sale, lease or otherwise, and at such time and place and on such
terms and for

 

 

such price and manner of payment thereof, all as such receiver may, in its reasonable discretion,
determine; provided that any such receiver shall be and is deemed to be the agent of the Debtor and
the Secured Party shall not in any way be responsible for any misconduct, negligence or nonfeasance
of any such receiver reasonably selected by the Secured Party.

10. Consultants

Following the occurrence and during the continuance of an Event of Default, the Secured Party may
require the Debtor to engage a consultant of the Secured Party’s choice, or engage a consultant on
its own behalf, such consultant to receive the full cooperation and support of the Debtor and its
employees, including unrestricted access to the premises, books and records of the Debtor; all
reasonable fees and expenses of such consultant shall be for the account of the Debtor and the
Debtor hereby authorizes any such consultant to report directly to the Secured Party and to
disclose to the Secured Party any and all information obtained in the course of such consultant’s
employment.

11. Disposition of Collateral

The Secured Party may exercise any or all of the rights and remedies contained herein without
demand of performance or other demand, presentment, protest, advertisement or notice of any kind
(except as may be required by applicable law, or the Credit Agreement) to or on the Debtor or any
other person, and the Debtor by this Agreement waives each such demand, presentment, protest,
advertisement and notice to the extent permitted by applicable law, or the Credit Agreement. None
of the above rights or remedies will be exclusive of or dependent on or merge in any other right or
remedy, and one or more of such rights and remedies may be exercised independently or in
combination from time to time. Without prejudice to the ability of the Secured Party or a receiver
to dispose of the Collateral in any manner which is commercially reasonable, the Debtor
acknowledges that a disposition of Collateral by the Secured Party or a receiver which takes place
substantially in accordance with the following provisions will be deemed to be commercially
reasonable:

	 	(a)	 	Collateral may be disposed of in whole or in part;
	 
	 	(b)	 	Collateral may be disposed of by public auction, public tender or private
contract, with or without advertising and without any other formality;
	 
	 	(c)	 	any purchaser or lessee of Collateral may be a customer of any member of the
Beneficiaries;
	 
	 	(d)	 	a disposition of Collateral may be on such terms and conditions as to credit or
otherwise as the Secured Party or a receiver, in its sole discretion, may deem
advantageous; and
	 
	 	(e)	 	the Secured Party or a receiver may establish an upset or reserve bid or price
in respect of Collateral.

12. Proceeds of Disposition/Deficiency

 

 

Any proceeds of any disposition of any of the Collateral shall be applied by the Secured Party or a
receiver on account of the Secured Obligations in accordance with the provisions of the Credit
Agreement. If such proceeds fail to satisfy the Secured Obligations, the Debtor shall be liable
for the full amount of the deficiency resulting to the Secured Party and the Beneficiaries.

13. Amalgamation

14. The Debtor acknowledges that if it amalgamates with any other corporation or corporations, to
the extent permitted in the Credit Agreement, then (i) the Collateral and the Security Interest
created by this Agreement will extend to and include all the property and assets of the amalgamated
corporation and to any property or assets of the amalgamated corporation thereafter owned or
acquired, (ii) the term “Debtor”, where used in this Agreement, will extend to and include each
amalgamated corporation, and (iii) the term “Secured Obligations”, where used in this Agreement,
will extend to and include the Secured Obligations of each amalgamated corporation.

15. General Provisions

	 	(a)	 	Discharge: The Debtor shall not be discharged from the Secured Obligations by
any extension of time, additional advances, renewals, amendments or extensions to this
Agreement, any waiver by or failure of the Secured Party or the Beneficiaries to
enforce any provision of this Agreement or any other Loan Document, the taking of
further security, releasing security, extinguishment of the Security Interest,
mortgages and charges as to all or any part of the Collateral, or any other act except
an express written release or discharge by the Secured Party of the Security Interest
granted hereby or upon the full payment and performance of the Secured Obligations, at
which time the Secured Party shall, at the Debtor’s expense, deliver to the Debtor all
necessary discharges, releases, financing statements and other documents or instrument
as the Debtor may reasonably require and the Secured Party will redeliver to the Debtor
any Collateral in its possession.

	 	(b)	 	Accounts and Contractual Rights: Notwithstanding any provision of this
Agreement, the Debtor will remain liable under each of the documents giving rise to the
accounts and under each of the Contractual Rights to observe and perform all the
conditions and obligations to be observed and performed by the Debtor thereunder, all
in accordance with the terms of each such document and Contractual Rights. The Secured
Party or the Beneficiaries will have no obligation or liability under any account (or
any document giving rise thereto) or Contractual Rights by reason of or arising out of
this Agreement or the receipt by the Secured Party or the Beneficiaries of any payment
relating to such account or Contractual Rights pursuant hereto, and in particular (but
without limitation), the Secured Party or the Beneficiaries will not be obligated in
any manner to perform any of the obligations of the Debtor under or pursuant to any
account (or any document giving rise thereto) or under or pursuant to any Contractual
Rights, to make any payment, to make any inquiry as to the nature or the sufficiency of
any payment received by it or as to the sufficiency of any performance by any party
under any account (or any document giving rise thereto) or under any Contractual
Rights, to present or file any claim, to take any action to

 

 

	 		 	enforce any performance or to collect the payment of any amounts which may have been
assigned to it or to which it may be entitled at any time.

	 	(c)	 	Other Security: The security constituted by this Agreement is in addition to
and not in substitution for any other security, or right from time to time held by the
Secured Party or the Beneficiaries and:

	 	(i)	 	the Secured Party may realize upon or enforce all or part
of any security, or right from time to time held by it in any order it
desires and any realization by any means upon any security, or right shall
not bar realization upon any other security, or right; and
	 
	 	(ii)	 	the taking of any action or proceeding or refraining from
so doing or any other dealings with or in respect of any other security, or
right from time to time held by the Secured Party shall not release or
affect the security provided for in this Agreement and the taking of the
security hereby granted or any proceedings hereunder for the realization of
the security hereby granted shall not release or affect any other security,
or right from time to time held by the Secured Party.

	 	(d)	 	Waiver, etc.: No failure or delay on the part of the Secured Party or the
Beneficiaries to exercise any right provided for in or contemplated by this Agreement
and no waiver as to any Event of Default in the Credit Agreement shall operate as a
waiver of any other Event of Default unless made in writing and signed by the Secured
Party and, in that event, such waiver shall operate only as a waiver of the right or
Event of Default expressly referred to therein. Nothing in this Agreement and nothing
referred to in the Secured Obligations shall preclude any other remedy by action or
otherwise for the enforcement of this Agreement or the payment and performance in full
of the Secured Obligations.
	 
	 	(e)	 	Assignment: All rights and obligations of the Secured Party hereunder shall be
assignable in whole or in part in accordance with the Credit Agreement. The rights and
obligations of the Debtor shall not be assignable except in accordance with the terms
of the Credit Agreement.
	 
	 	(f)	 	Entire Agreement: This Agreement and the other Loan Documents to which the
parties are party set forth the entire intent and understanding of the parties relating
to the subject matter hereof and supersedes and replaces all prior agreements and
commitments, whether written or oral, made between the parties and all earlier
discussions and negotiations between them. The parties are not relying upon and there
are no collateral or other representations, warranties, agreements or covenants made by
any of the parties hereto which are not contained herein or in the other Loan
Documents.
	 
	 	(g)	 	Further Assurances: Each of the parties hereto shall and will, from time to
time and at all times hereafter upon every reasonable written request so to do, make,
do,

 

 

	 		 	execute and deliver, or cause to be made, done, executed and delivered, all such
further papers, acts, deeds, assurances and things as may be necessary in the opinion
of any party or counsel for any party, acting reasonably, for implementing and
carrying out more effectually the true intent and meaning of this Agreement
including, without limitation, to perfect or better perfect the Security Interest of
the Secured Party in the Collateral or any part thereof.
	 
	 	(h)	 	Severability: In the event that any provision or part of a provision contained
in this Agreement is held to be invalid, illegal or unenforceable in whole or in part,
the validity, legality and enforceability of the remaining provisions shall not be
affected or impaired thereby and all such remaining provisions or the remainder of such
provision shall continue in full force and effect. All provisions hereof are declared
to be separate and distinct provisions, as the case may be.
	 
	 	(i)	 	Headings: All headings and titles in this Agreement are for convenience of
reference only and shall not affect the interpretation of the terms hereof.
	 
	 	(j)	 	Gender, etc.: In construing this Agreement, all words and personal pronouns
relating thereto shall be read and construed as the number and gender of the party or
parties referred to in each case require. Words such as “hereunder”, “hereto”,
“hereof’, “herein” and other words commencing with “here” shall, unless the context
clearly indicates the contrary, refer to the whole of this Agreement and not to any
particular paragraph or part thereof.
	 
	 	(k)	 	Binding Effect: All rights of the Secured Party hereunder shall enure to the
benefit of its successors and assigns and all obligations of the Debtor hereunder shall
bind the Debtor, its successors and permitted assigns.
	 
	 	(l)	 	Governing Law: This Agreement shall be governed by, and interpreted and
enforced in accordance with, the laws in force in the Province of Manitoba and the laws
of Canada applicable therein and shall be treated in all respects as a Manitoba
contract.
	 
	 	(m)	 	Notice: Any demand, notice, request, consent, approval or other communication
required or permitted to be made by any party hereto to any other party hereto in
connection with this Agreement shall be made or given to such party at the address set
out on the first page of this Agreement or as otherwise provided to the other party, in
writing, and otherwise in accordance with the notice procedures set out in Section 11
of the Credit Agreement.
	 
	 	(n)	 	Failure to Perfect: The Secured Party shall not be liable or accountable for
any negligence or failure to perfect the Security Interest granted herein or to seize,
collect, realize, sell or obtain possession or payment of or for the Collateral or any
part thereof and shall not be bound to institute proceedings for the purpose of
seizing, collecting, realizing, selling or obtaining possession or payment of the same
or, for the purpose of preserving the rights of the Debtor or any other Person, firm or
corporation in respect of same.

 

 

	 	(o)	 	No Amendment: This Agreement may not be amended, altered or qualified except by
a written agreement executed by the parties hereto.
	 
	 	(p)	 	Power of Attorney: The Secured Party, or any receiver or agent appointed
hereunder, is hereby irrevocably constituted as the duly appointed lawful attorney of
the Debtor, with full power (including full power of substitution), following the
occurrence and during the continuance of an Event of Default, to make, do, execute and
deliver all such documents, assignments, acts, matters or things on behalf of the
Debtor with the right to use the name of the Debtor whenever and wherever it may be
deemed necessary or expedient. The power of attorney hereby granted is a power coupled
with an interest and shall survive the dissolution, liquidation, winding-up or other
termination of existence of the Debtor. The Debtor agrees to and does hereby ratify
all acts done and all documents executed and delivered by the Secured Party following
the occurrence and during the continuance of an Event of Default, pursuant to the power
of attorney hereby granted and the Debtor hereby confirms that the Secured Party and
all third parties are entitled to rely upon such ratification.
	 
	 	(q)	 	Time of Essence: Time shall be strictly of the essence of this Agreement and of
every part hereof and no extension or variation of this Agreement shall operate as a
waiver of this provision.
	 
	 	(r)	 	Debtor’s Receipt: The Debtor hereby acknowledges receipt of a fully signed copy
of this Agreement.
	 
	 	(s)	 	Financing Statement: To the extent permitted by applicable law, the Debtor
hereby waives its entitlement to receive a copy of any financing statements registered
by the Secured Party or statements confirming registration of a financing statement by
the Secured Party with respect to this Agreement.
	 
	 	(t)	 	Conflict: In the event of a conflict or inconsistency between the provisions of
this Agreement and the provisions of the Credit Agreement, then the provisions of the
Credit Agreement shall have priority over and shall govern to the extent of such
conflict or inconsistency; provided, however, that the existence of a particular
representation, warranty, covenant or other provision in this Agreement which is not
contained in the Credit Agreement shall not be deemed to be a conflict or
inconsistency, and that particular representation, warranty, covenant or other
provision shall continue to apply.
	 
	 	(u)	 	Secured Party as Agent: Each reference herein to any right granted to, benefit
conferred upon, or power exercisable, exercised, or action taken by, the Secured Party
shall be deemed to be a reference to the right granted to, benefit conferred upon, and
power exercisable, exercised, and action taken by, the Secured Party in its capacity as
agent for the benefit of the Beneficiaries all as more fully set forth in the Credit
Agreement.

 

 

          IN WITNESS WHEREOF the Debtor has executed this Agreement and agrees to be bound thereby as of
the Effective Date set out above.

[Signature page to follow]

 

 

	 	 	 	 	 
	 	

43642 YUKON INC.

 	 
	 	By:  	/s/ Timothy J. Barker
 	 
	 	 	Name:  	Timothy J. Barker                                        	 
	 	 	Title:  	V.P 	 

 

 

	 	 	 	 	 

SCHEDULE “A”

SERIAL NUMBER GOODS

None.

 

 

SCHEDULE “B”

LOCATIONS

1-59 Scurfield Blvd., Winnipeg, MB R3Y 1V2 CANADA1

 

			
	1	 	In addition to certain remote locations at
which certain employees working out of their homes have certain telecommuting
equipment, for example, cell phones, laptops, printers, facsimile machines,
etc.

 

 

SCHEDULE “C”

INTELLECTUAL PROPERTY

Registered Trademarks:

	 	 	 	 	 	 	 	 	 
	43642

Yukon, Inc.

	 	US
	 	PROPERTY MASTER*
	 	Serial No. 1,005,335 

Reg. Number TMA541,572
	 	Registration Date: 2/26/2001
	43642

Yukon, Inc.

	 	US
	 	PROPERTY MASTER and

Design*
	 	Serial No. 504,362

Reg. Number TMA294,111
	 	Registration Date: 5/30/03 

 

			
	*-	 	Acquired through acquisition of substantially all of the assets of Domin-8 Enterprise
Solutions, LLC, and subsidiaries. Assignments of trademarks to be filed with Canadian
Intellectual Property Office.

Common Law Trademarks:

Spectra

Registered Copyrights:

None

Licensed Intellectual Property:

	 	•	 	MS Access 2003 (current development platform)
	 
	 	•	 	MS Office Communicator
	 
	 	•	 	MS Office 2007 — all components including Project and Visio
	 
	 	•	 	MS Visual Foxpro 9.0 — used for PMEdge data migrations
	 
	 	•	 	MS Visual Studio 6.0 (Visual Basic 6.0)
	 
	 	•	 	MS XML Notepad 2007
	 
	 	•	 	Cisco IP Communicator
	 
	 	•	 	MS SQL Server full version plus express version
	 
	 	•	 	InstallShield DevStudio 9 for building product deployment CD images
	 
	 	•	 	Nero Suite for burning CDs
	 
	 	•	 	Snagit screen capture program
	 
	 	•	 	Winzip
	 
	 	•	 	Adobe Acrobat (creating and modifying PDF input forms)
	 
	 	•	 	AntiVirus software (currently McAfee)
	 
	 	•	 	Veritas Backup software for network backup
	 
	 	•	 	VMWare for virtual server setup to test product installations
	 
	 	•	 	Acronis True Image for creating baseline operating system images for testing product
installation on different platforms
	 
	 	•	 	Amyuni PDF Suite
	 
	 	•	 	DBI-Tech Component Toolbox 6.0
	 
	 	•	 	DBI-Tech ctListbar 6.0
	 
	 	•	 	DBI-Tech Studio Controls for COM

 

 

	 	•	 	Windows XP Professional 32 and 64 bit
	 
	 	•	 	Windows Vista Business 32 and 64 bit
	 
	 	•	 	Windows 7 32 and 64 bit
	 
	 	•	 	Windows Server 2003 32 and 64 bit
	 
	 	•	 	Windows Server 2008 32 and 64 bit
	 
	 	•	 	MS Office including Outlook, Word, Excel, Access 2003, Internet Explorer, Power
Point, etc
	 
	 	•	 	Phones — today Cisco
	 
	 	•	 	SIT homegrown CRM — still needed for Spectra licensing and customer portal access
	 
	 	•	 	MeetingPlace
	 
	 	•	 	NetSuite
	 
	 	•	 	MS Office Communicator
	 
	 	•	 	MSDN
	 
	 	•	 	Terminal Services
	 
	 	•	 	TeamViewer
	 
	 	•	 	Adobe Reader
	 
	 	•	 	Adobe Writer
	 
	 	•	 	PDF995
	 
	 	•	 	Spectra (old and new releases)
	 
	 	•	 	Robodemo, RoboHelp
	 
	 	•	 	Snagitexv10w29

Exhibit 10.29

GUARANTEE

This Agreement is made as of February 10, 2010.

	 	 	 	 	 
	TO:

	 	Name:
	 	WELLS FARGO CAPITAL FINANCE, LLC, as agent
	 

	 	Address:
	 	2450 Colorado Avenue, Suite 3000 West, Santa Monica, California 90404
	 

	 	Attention:
	 	Technology Finance Division Manager
	 

	 	Facsimile:
	 	(310) 453-7413

RECITALS:

A. RealPage, Inc., as borrower (the “Debtor”), the lenders signatory thereto from time to time, as
lenders (the “Lenders”), Wells Fargo Capital Finance, LLC (formerly, Wells Fargo Foothill, LLC), as
agent for and on behalf of the Lenders (the “Agent”), are party to a credit agreement dated as of
September 3, 2009 (as amended, supplemented, restated or replaced from time to time, the “Credit
Agreement”).

B. It is in the interests of the Guarantor that the Secured Parties extend credit to the Debtor,
and the Guarantor is therefore prepared to issue this Agreement to the Agent (for its own benefit
and for the benefit of the other Secured Parties) in order to induce them to do so.

     For good and valuable consideration, the receipt and adequacy of which are acknowledged by the
Guarantor, the Guarantor agrees with and in favour of the Agent (for its own benefit and for the
benefit of the other Secured Parties) as follows:

1. Definitions. In this Agreement capitalized terms used but not otherwise defined in this
Agreement shall have the meanings given to them in the Credit Agreement, and the following terms
have the following meanings:

“Agent” means Wells Fargo Capital Finance, LLC (formerly, Wells Fargo Foothill, LLC) in its
capacity as agent for the lenders under the Credit Agreement, or any successor agent appointed
pursuant to the Credit Agreement.

“Agreement” means this agreement, including the exhibits and recitals to this agreement, as it or
they may be amended, supplemented, restated or replaced from time to time, and the expressions
“hereof’, “herein”, “hereto”, “hereunder”, “hereby” and similar expressions refer to this Agreement
and not to any particular section or other portion of this Agreement.

“Guaranteed Liabilities” means all Obligations and all other applicable obligations under the other
Loan Documents now existing or hereafter made, incurred or created of any and every kind, nature
and description (whether direct or indirect, joint or several, absolute or contingent, matured or
unmatured) of the Debtor to the Secured Parties (or any of them) wherever and however incurred, and
any unpaid balance thereof.

 

 

“Guarantors” means the Persons delivering a signature page to this Agreement and any other Person
which hereafter delivers a Supplement, and “Guarantor” means any one of them.

“Intercompany Debt” means, in respect of the Guarantor, all present and future indebtedness,
liabilities and obligations of any and every kind, nature and description (whether direct or
indirect, joint or several, absolute or contingent, matured or unmatured) of the Debtor to the
Guarantor.

“Laws” means all federal, provincial, municipal, foreign and international statutes, acts, codes,
ordinances, decrees, treaties, rules, regulations, municipal by-laws, judicial or arbitral or
administrative or ministerial or departmental or regulatory judgments, orders, decisions, rulings
or awards or any provisions of the foregoing, including general principles of common and civil law
and equity, and all policies, practices and guidelines of any Governmental Authority binding on or
affecting the Person referred to in the context in which such word is used (including, in the case
of tax matters, any accepted practice or application or official interpretation of any relevant
taxation authority); and “Law” means any one or more of the foregoing.

“Original Currency” has the meaning set out in Section 20.

“Other Currency” has the meaning set out in Section 20.

“Organizational Documents” means, with respect to any Person, such Person’s articles or other
charter documents, by-laws, unanimous shareholder agreement, partnership agreement or trust
agreement, as applicable, and any and all other similar agreements, documents and instruments
relative to such Person.

“Secured Liabilities” means, in respect of the Guarantor, all present and future indebtedness,
liabilities and obligations of the Guarantor to the Agent under this Agreement, and any unpaid
balance thereof.

“Secured Party” means the Agent, the Lenders, the Lender Group and the Bank Product Providers.

“Security” means any present or future Lien, or any present or future guarantee or other financial
assistance, granted by any Person with respect to any or all of the Guaranteed Liabilities or
Secured Liabilities.

“Supplement” has the meaning given to it in Section 35.

“Surety” means any present or future guarantor or surety of any or all of the Guaranteed
Liabilities, other than the Guarantor.

2. Guarantee. The Guarantor hereby unconditionally and irrevocably guarantees the prompt
payment and performance to the Agent (for its own benefit and the benefit of the other Secured
Parties), forthwith upon demand by the Agent, of all Guaranteed Liabilities. All amounts payable
by the Guarantor under this Agreement shall be paid to the Agent (for its own benefit and for the
benefit of the other Secured Parties) at the address of the Agent shown above or as otherwise
directed in writing by the Agent. Any amounts payable by the Guarantor under this Agreement which
are not

 

 

paid forthwith upon demand therefor by the Agent shall bear interest from the date of such demand
at the rate or rates applicable to the corresponding Guaranteed Liabilities.

3. Interest Rate. The Guarantor hereby acknowledges that certain of the rates of interest
applicable as to the Guaranteed Liabilities may be computed on the basis of a year of 360 days or
365 days, as the case may be, and paid for the actual number of days elapsed. For the purposes of
the Interest Act (Canada), whenever any interest is calculated using a rate based on a year of 360
days or 365 days, as the case may be, such rate determined pursuant to such calculation, when
expressed as an annual rate is equivalent to:

	 	(a)	 	the applicable rate based on a year of 360 days or 365 days, as the case may be;
	 
	 	(b)	 	multiplied by the actual number of days in a calendar year in which the period
for such interest is payable (or compounded); and
	 
	 	(c)	 	divided by 360 days or 365 days, as the case may be.

4. Criminal Rate of Interest. If any provision of this Agreement would oblige the
Guarantor to make any payment of interest or other amount payable to the Secured Parties in an
amount or calculated at a rate which would be prohibited by law or would result in a receipt by
that Lender of “interest” at a “criminal rate” (as such terms are construed under the Criminal Code
(Canada)), then, notwithstanding such provision, such amount or rate shall be deemed to have been
adjusted with retroactive effect to the maximum amount or rate of interest, as the case may be, as
would not be so prohibited by law or so result in a receipt by such Secured Party of “interest” at
a “criminal rate”, such adjustment to be effected, to the extent necessary (but only to the extent
necessary), as follows:

	 	(a)	 	first, by reducing the amount or rate of interest required to be paid to the
affected Secured Party; and
	 
	 	(b)	 	thereafter, by reducing any fees, commissions, premiums and other amounts
required to be paid to the affected Lender which would constitute interest for purposes
of Section 347 of the Criminal Code (Canada).

5. Secured Liabilities. The Secured Liabilities of the Guarantor are continuing, absolute,
unconditional and irrevocable, The Secured Liabilities of the Guarantor shall remain effective
despite, and shall not be released, exonerated, discharged, diminished, subjected to defence,
limited or in any way affected by, anything done, omitted to be done, suffered or permitted by any
Secured Party, the Debtor, or any other Person, or by any other matter, act, omission,
circumstance, development or other thing of any nature, kind or description, other than the due
payment and performance in full of all of the Guaranteed Liabilities and all of the Secured
Liabilities of the Guarantor.

6. Guarantee Absolute. Without limiting the generality of Section 5, the Secured
Liabilities of the Guarantor shall remain fully effective and enforceable against the Guarantor and
shall not be released, exonerated, discharged, diminished, subjected to defence, limited or in any
way affected

 

 

by, and the rights and remedies of the Agent under this Agreement shall not in any way be
diminished or prejudiced by:

	 	(a)	 	any lack of genuineness, validity or enforceability of any of the Guaranteed
Liabilities or of any agreement or arrangement between the Debtor, the Guarantor, or
any other Person, and any one or more of the Secured Parties, or any failure by the
Debtor, or any other Person, to carry out any of its obligations under any such
agreement or arrangement;
	 
	 	(b)	 	any change in the name, objects, powers, organization, share capital,
Organizational Documents, business, shareholders, directors or management of the
Debtor, the Guarantor or any Surety, the reorganization of the Debtor, the Guarantor or
any Surety, any amalgamation or merger by the Debtor, the Guarantor or any Surety with
any other Person or Persons, or any continuation of the Debtor, the Guarantor, or any
Surety under the laws of any jurisdiction;
	 
	 	(c)	 	any lack or limitation of power, incapacity or disability of the Debtor, the
Guarantor or any Surety or of the directors, officers, managers, employees or agents of
the Debtor, the Guarantor or any Surety or any other irregularity, defect or
informality, or any fraud, by the Debtor, the Guarantor or any Surety or any of their
respective directors, officers, managers, employees or agents, with respect to any or
all of the Guaranteed Liabilities, any or all of its Secured Liabilities or any or all
of the liabilities and obligations of any Surety;
	 
	 	(d)	 	any non-compliance with or contravention by the Guarantor of any provision of
any corporate statute applicable to the Guarantor relative to guarantees or other
financial assistance given by the Guarantor;
	 
	 	(e)	 	any impossibility, impracticability, frustration of purpose, illegality,
invalidity, force majeure or act of Governmental Authority;
	 
	 	(f)	 	any Insolvency Proceeding affecting, or the financial condition of, the Debtor,
the Guarantor, any Surety, any Secured Party or any other Person at any time;
	 
	 	(g)	 	any law, regulation, limitation or prescription period or other circumstance
that might otherwise be a defence available to, or a discharge of, the Debtor, the
Guarantor or any Surety in respect of any or all of the Guaranteed Liabilities, any or
all of its Secured Liabilities or any or all of the liabilities and obligations of any
Surety;
	 
	 	(h)	 	any loss of, or in respect of, any Security by or on behalf of any Secured
Party from the Debtor, the Guarantor, any Surety or any other Person, whether
occasioned through the fault of any Secured Party or otherwise;
	 
	 	(i)	 	any loss or impairment of any right of the Guarantor for subrogation,
reimbursement or contribution, whether or not as a result of any action taken or
omitted to be taken by any Secured Party; or

 

 

	 	(j)	 	any other matter, act, omission, circumstance, development or thing of any and
every nature, kind and description whatsoever (other than the due payment and
performance in full of the Guaranteed Liabilities and its Secured Liabilities) that
might in any manner (but for the operation of this Section) operate (whether by
statute, at law, in equity or otherwise) to release, discharge, diminish, limit,
restrict or in any way affect the liability of, or otherwise provide a defence to, a
guarantor, a surety, or a principal debtor, even if known by the Agent or any one or
more of the other Secured Parties.

7. Dealing with Guaranteed Liabilities. Without limiting the generality of Section 2, any
one or more of the Secured Parties may, with respect to any or all of the Guaranteed Liabilities,
without any requirement to give notice to or obtain the consent of the Guarantor, without
releasing, exonerating, discharging, diminishing, limiting, restricting, subjecting to a defence or
otherwise affecting any of the Secured Liabilities of the Guarantor, and without diminishing or
prejudicing any or all of the rights and remedies of the Agent or the other Secured Parties under
this Agreement:

	 	(a)	 	amend, alter or vary in any manner and to any extent (and irrespective of the
effect of the same on the Guarantor) any of the Guaranteed Liabilities, any of the
liabilities and obligations of any Surety, any Security or any one or more of the
Secured Parties’ arrangements or agreements with the Debtor, the Guarantor, any Surety
or any other Person;
	 
	 	(b)	 	compromise, subordinate, postpone or abandon any of the Guaranteed Liabilities,
any of the Secured Liabilities of the Guarantor, any of the liabilities and obligations
of any Surety, any Security or any one or more of the Secured Parties’ arrangements or
agreements with the Debtor, the Guarantor, any Surety or any other Person;
	 
	 	(c)	 	grant time, renewals, extensions, indulgences, releases or discharges to the
Debtor, the Guarantor, any Surety or any other Person;
	 
	 	(d)	 	create new or additional Guaranteed Liabilities, increase or reduce the rate of
interest on any or all of the Guaranteed Liabilities or any other rates or fees payable
under or in respect of any or all of the Guaranteed Liabilities;
	 
	 	(e)	 	alter, compromise, accelerate, extend or change the time or manner for payment
or performance by the Debtor of, or by the Guarantor or any other Person or Persons
liable to any one or more of the Secured Parties with respect to, any or all of the
Guaranteed Liabilities;
	 
	 	(f)	 	take or abstain from taking Security from the Debtor, the Guarantor, any Surety
or any other Person or abstain from completing, perfecting or maintaining the
perfection of any Security;
	 
	 	(g)	 	release or add one or more Guarantors, Sureties or endorsers, accept additional
or substituted Security, or release, subordinate or postpone any Security;
	 
	 	(h)	 	accept compromises from the Debtor, the Guarantor, any Surety or any other
Person;

 

 

	 	(i)	 	create or add any new Loan Documents, or add any new Secured Parties pursuant
to the provisions of any Loan Documents;
	 
	 	(j)	 	do, or omit to do, anything to enforce the payment or performance of any or all
of the Guaranteed Liabilities, any or all of the Secured Liabilities of the Guarantor,
any or all of the liabilities and obligations of any Surety or any Security;
	 
	 	(k)	 	give or refuse to give or continue giving any credit or any financial
accommodation to the Debtor or to any other Person;
	 
	 	(l)	 	prove any claim in any Insolvency Proceeding affecting the Debtor, the
Guarantor, any Surety or any other Person as it sees fit or refrain from proving any
claim or permit or suffer the impairment of any of the Guaranteed Liabilities in any
such Insolvency Proceeding; make any election in any such Insolvency Proceeding; permit
or suffer the creation of secured or unsecured credit or debt in any such Insolvency
Proceeding; or permit or suffer the disallowance, avoidance, or subordination of any of
the Guaranteed Liabilities or the obligations of any other debtor with respect to the
Guaranteed Liabilities in any such Insolvency Proceeding;
	 
	 	(m)	 	apply any money received from the Debtor, the Guarantor, any Surety, any other
Person or any Security upon such part of the Guaranteed Liabilities as the Secured
Parties may see fit or change any such application in whole or in part from time to
time as the Secured Parties may see fit; or
	 
	 	(n)	 	otherwise deal with the Debtor, the Guarantor, any Surety, any other Person,
the Guaranteed Liabilities, the Secured Liabilities of the Guarantor, the liabilities
and obligations of any Surety, and all Security as the Secured Parties may see fit.

8. Settlement of Accounts. Any account settled or stated between the Agent or any other
Secured Party and the Debtor shall be accepted by the Guarantor as prima facie evidence that the
amount thereby appearing due by the Debtor to the Agent or such other Secured Party is so due.

9. Guarantor Liable as Principal Debtor. If, and to the extent that, any amount in respect
of the Guaranteed Liabilities is not recoverable from the Guarantor under this Agreement on the
basis of a guarantee for any reason, then, notwithstanding any other provision of this Agreement,
the Guarantor shall be liable under this Agreement as principal obligor in respect of the due
payment of such amount and shall pay such amount to the Agent after demand as herein provided.

10. Indemnity. The Guarantor shall indemnify and save each of the Secured Parties harmless
from and against all losses, costs, damages, expenses, claims and liabilities that each such
Secured Party may suffer or incur in connection with or in respect of any failure by the Debtor for
any reason to pay or perform any of the Guaranteed Liabilities, and shall pay all such amounts to
the Agent after demand as herein provided.

11. Continuing Guarantee. This Agreement is a continuing guarantee and is binding as a
continuing obligation of the Guarantor and the Guaranteed Liabilities shall be conclusively

 

 

presumed to have been created in reliance on this Agreement. The Guarantor may not in any manner
terminate this Agreement or the Secured Liabilities of the Guarantor other than by the due and
punctual payment in full of the Secured Liabilities of the Guarantor.

12. Stay of Acceleration, etc.: If acceleration of the time for payment, or the liability
of the Debtor to make payment, of any amount specified to be payable by the Debtor in respect of
the Guaranteed Liabilities is stayed, prohibited or otherwise affected upon any Insolvency
Proceeding or other event affecting the Debtor or payment of any of the Guaranteed Liabilities by
the Debtor, all such amounts otherwise subject to acceleration or payment shall nonetheless be
deemed for all purposes of this Agreement to be and to have become due and payable by the Debtor
and shall be payable by the Guarantor under this Agreement immediately forthwith on demand by the
Agent.

13. Debtor Information. The Guarantor acknowledges and agrees that the Guarantor has not
executed this Agreement as a result of, by reason of, or in reliance upon, any promise,
representation, statement or information of any kind or nature whatsoever given, or offered to the
Guarantor, by or on behalf of the Secured Parties or any other Person whether in answer to any
enquiry by or on behalf of the Guarantor or not and the Secured Parties were not prior to the
execution by the Guarantor of this Agreement, and are not thereafter, under any duty to disclose to
the Guarantor or any other Person any information, matter or thing {material or otherwise) relating
to the Debtor, its affairs or its transactions with the Secured Parties, including, without
limitation, any information, matter or thing which puts or may put the Debtor in a position which
the Guarantor would not naturally expect or any unexpected facts or unusual features which, whether
known or unknown to the Guarantor, are present in any transaction between the Debtor and the
Secured Parties, and the Secured Parties were not and are not under any duty to do or execute any
matter, thing or document relating to the Debtor, its affairs or its transactions with the Secured
Parties.

14. Reinstatement. If, at any time, all or any part of any payment previously applied by
the Agent or any other Secured Party to any of the Guaranteed Liabilities is or must be rescinded
or returned by the Agent or such other Secured Party for any reason whatsoever (including, without
limitation, any Insolvency Proceeding), such Guaranteed Liabilities shall, for the purpose of this
Agreement, to the extent that such payment is or must be rescinded or returned, be deemed to have
continued in existence, notwithstanding such application by the Agent or such other Secured Party,
and this Agreement shall continue to be effective or be reinstated, as the case may be, as to such
Guaranteed Liabilities, all as though such application by the Agent or such other Secured Party had
not been made.

15. Subrogation. Notwithstanding any payment made by the Guarantor under this Agreement or
any setoff or application of funds of the Guarantor by any Secured Party, the Guarantor shall not
have any right of subrogation to, and the Guarantor waives, any right to enforce any remedy which
any Secured Party now has or may hereafter have against the Debtor, until all of the Guaranteed
Liabilities have been indefeasibly paid in full; and until that time, the Guarantor waives any
benefit of, and any right to participate in, any Security now or hereafter held by any Secured
Party for the Guaranteed Liabilities.

16. Assignment and Postponement. The Guarantor hereby (a) assigns by way of security to
the Agent, for the benefit of the Secured Parties, all Intercompany Debt of the Guarantor, and

 

 

(b) postpones all Intercompany Debt to the Guaranteed Liabilities. All moneys received by the
Guarantor in respect of its Intercompany Debt shall be received by the Guarantor in trust for the
Agent and, immediately following such receipt, shall be paid over to the Agent.

17. Insolvency Proceedings. In any Insolvency Proceeding affecting the Debtor, the Secured
Parties shall have the right, in priority to the Guarantor, to receive their full claim in respect
of such Insolvency Proceeding for all of the Guaranteed Liabilities. The Secured Parties shall
have the right to include in their claim in any Insolvency Proceeding affecting the Debtor all or
any part of the payments made by the Guarantor under this Agreement and, to prove and rank for, and
receive dividends in respect of, all such claims, all of which rights and privileges as they relate
and apply to the Guarantor are hereby assigned by the Guarantor to the Agent on behalf of itself
and the other Secured Parties. The provisions of this Section shall be sufficient authority for
any Person making payment of any such dividends to pay the same directly to the Agent for the
benefit of the Secured Parties. Upon the occurrence and during the continuance of an Event of
Default, the Agent shall be entitled to receive for the benefit of the Secured Parties all
dividends or other payments in respect of all of the above referenced claims until all of the
Guaranteed Liabilities are paid and satisfied in full and the Guarantor shall continue to be liable
under this Agreement for any unpaid balance of the Guaranteed Liabilities. If any amount is paid
to the Guarantor under any Insolvency Proceeding affecting the Debtor at any time following the
occurrence and during the continuance of an Event of Default and when any of the Guaranteed
Liabilities remain outstanding, such amount shall be received and held in trust by the Guarantor
for the benefit of the Secured Parties and shall be immediately paid to the Agent to be credited
and applied against the Secured Liabilities. In any Insolvency Proceeding the Secured Parties may
in their discretion value as they see fit, or may refrain from valuing, any Security held by or for
the benefit of any of them.

18. Marshalling. The Guarantor waives to the fullest extent permitted by Law any right or
claim of right to cause a marshalling of the Debtor’s, a Surety’s or any other Person’s assets, or
to cause any Secured Party to proceed against the Debtor, a Surety or any other Person, or any
Security, in any particular order. No Secured Party shall have any obligation to marshall any
assets in favour of the Debtor, a Surety or any other Person or against or in payment of any of the
Guaranteed Liabilities or any of the obligations of the Guarantor, the Debtor, a Surety or any
other Person owed to any Secured Party,

19. Enforcing Rights Against Guarantor. This is a guarantee of payment and performance and
not of collection. The Secured Parties shall not be required to take any action or to exhaust
their recourse against the Debtor, any Surety or any other Person, or to enforce or value any
Security, before being entitled to payment from, and to enforce their rights and remedies against,
the Guarantor under this Agreement. The Guarantor hereby renounces any claims to the benefits of
division and discussion.

20. Foreign Currency Obligations, The Guarantor shall make payment relative to any
Guaranteed Liabilities in the currency (the “Original Currency”) in which the Debtor is required to
pay such Guaranteed Liabilities. If the Guarantor makes payment relative to any Guaranteed
Liabilities in a currency (the “Other Currency”) other than the Original Currency (whether
voluntarily or pursuant to an order or judgment of a court or tribunal of any jurisdiction), such
payment shall constitute a discharge of the Secured Liabilities of the Guarantor only to the extent
of

 

 

the amount of the Original Currency which the Agent is able to purchase with the amount it receives
on the date of receipt. If the amount of the Original Currency which the Agent is able to purchase
is less than the amount of such currency originally due to it in respect to the relevant Guaranteed
Liabilities, the Guarantor shall indemnify and save the Agent and the other Secured Parties
harmless from and against any loss or damage arising as a result of such deficiency. This
indemnity constitutes an obligation separate and independent from the other obligations contained
in this Agreement, gives rise to a separate and independent cause of action, applies irrespective
of any indulgence granted by the Agent or any other Secured Party and continues in full force and
effect notwithstanding any judgment or order in respect of any amount due hereunder or under any
judgment or order.

21. Taxes and Set-Off.

	 	(a)	 	Any and all payments to the Agent shall be made free and clear of and without
deduction or withholding for any and all present or future taxes, levies, imposts,
deductions, charges or withholdings, and liabilities with respect thereto (as such
taxes, levies, imposts, deductions, charges, withholdings and liabilities being
hereinafter referred to as “Taxes”) imposed by the government of Canada (or any
political subdivision or taxing authority thereof or therein), unless such Taxes are
required by law or the administration thereof to be deducted or withheld. If the
Guarantor shall be required by law or the administration thereof to deduct or withhold
any such Taxes from or in respect of any amount payable hereunder, then:

	 	(i)	 	the amount payable shall be increased as may be necessary so that
after making all required deductions or withholdings (including deductions or
withholdings applicable to additional amounts paid under this paragraph), the
Agent shall receive an amount equal to the sum it would have received if no such
deduction or withholding had been made, and
	 
	 	(ii)	 	the Guarantor forthwith shall pay the full amount deducted or
withheld to the relevant taxation or other authority in accordance with
applicable law.

	 	(b)	 	The Guarantor agrees to pay forthwith any present or future stamp,
registrations or documentary fees and taxes or any other excise or property taxes,
charges or similar levies (all such fees, taxes, charges and levies being herein
referred to as “Other Taxes”) imposed by the government of Canada or any Province or
territory thereof (or any political subdivision or taxing authority thereof or therein)
which arise from any payment made by the Guarantor hereunder or from the execution,
delivery or registration of or otherwise with respect to this Agreement.

	 	(c)	 	The Guarantor agrees to indemnify the Secured Parties for the full amount of
Taxes or Other Taxes not deducted or withheld and paid by the Guarantor in accordance
with subparagraph 21(a) or (b) hereof to the relevant taxation or other authority and
any Taxes or Other Taxes imposed by any jurisdiction on the amounts payable by the
Guarantors under this paragraph 21 paid by the Agent and any liability (including
penalties, interest and expenses) arising therefrom or with respect thereto, whether or

 

 

	 	 	 	not any such Taxes or Other Taxes were correctly or legally asserted. Payment under
this indemnification shall be made within 15 days from the date the Agent makes
written demand therefor. A certificate as to the amount of such Taxes or Other Taxes
and evidence of payment thereof submitted to the Guarantor by the Agent shall be
prima facie evidence of the amount due from the Guarantor to the Secured Parties.
	 
	 	(d)	 	The Guarantor shall furnish to the Agent the original or a certified copy of a
receipt evidencing any payment of Taxes or Other Taxes made by the Guarantor as soon as
the receipt becomes available, together with a certificate of an officer of the
Guarantor, which certificate indicates the amount of Taxes or Other Taxes, as the case
may be, withheld by the Guarantor in respect of payments made hereunder.
	 
	 	(e)	 	Without prejudice to the survival of any other agreement or obligation of the
Guarantor hereunder, the obligations of the Guarantor under this paragraph 21 shall
survive the termination of this Agreement and the payment of the Guaranteed
Obligations.

22. Representations and Warranties. The Guarantor represents and warrants, upon each of
which representations and warranties each of the Secured Parties relies, that each of the
representations and warranties relative to the Guarantor in each of the other Loan Documents is
true and correct as though the Guarantor were a party thereto.

23. Covenants. The Guarantor shall comply, and shall cause each of its subsidiaries to
comply, with all of the provisions, covenants and agreements contained in each of the Loan
Documents to the extent that such provisions, covenants and agreements apply to the Guarantor or
its subsidiaries, including, without limitation, each of the things set forth in the Loan Documents
that the Debtor agrees and covenants to cause the Guarantor to do and shall, and shall cause each
of its subsidiaries to, take, or refrain from taking, as the case may be, all actions that are
necessary to be taken or not taken so that no violation of any provision, covenant or agreement
contained in any of the Loan Documents, and so that no Default or Event of Default under any of the
Loan Documents, is caused by the actions or inactions of the Guarantor or any of its subsidiaries.

24. Communication. Any notice or other communication required or permitted to be given
under this Agreement shall be made in accordance with the Credit Agreement.

25. Expenses; Indemnity; Waiver.

	 	(a)	 	The Guarantor shall pay (i) all reasonable out-of-pocket expenses incurred by
the Secured Parties, including the reasonable fees, charges and disbursements of
counsel for the Secured Parties and all applicable taxes, in connection with the
preparation and administration of this Agreement, (ii) all reasonable out-of-pocket
expenses incurred by the Secured Parties, including the reasonable fees, charges and
disbursements of counsel for the Secured Parties and applicable taxes, in connection
with any amendments, modifications or waivers of the provisions hereof, and (iii) all
out-of-pocket expenses incurred by the Secured Parties, including the fees, charges and
disbursements of any counsel for the Secured Parties and all applicable taxes, in

 

 

	 	 	 	connection with the assessment, enforcement or protection of their rights in
connection with this Agreement, including their rights under this Section, including
all such out-of-pocket expenses incurred during any workout, restructuring or
negotiations in respect of the Secured Liabilities of the Guarantor.
	 
	 	(b)	 	The Guarantor shall indemnify the Secured Parties against, and hold the Secured
Parties harmless from, any and all losses, claims, cost recovery actions, damages,
expenses and liabilities of whatsoever nature or kind and all reasonable out-of- pocket
expenses and all applicable taxes to which any Secured Party may become subject arising
out of or in connection with (i) the execution or delivery of this Agreement and the
performance by the Guarantor of its obligations hereunder, (ii) any actual or
prospective claim, litigation, investigation or proceeding relating to this Agreement
or the Secured Liabilities of the Guarantor, whether based on contract, tort, delict or
any other theory and regardless of whether any Secured Party is a party thereto, (iii)
any other aspect of this Agreement, or (iv) the enforcement of the Secured Parties’
rights hereunder and any related investigation, defence, preparation of defence,
litigation and enquiries; provided that such indemnity shall not, as to any Secured
Party, be available to the extent that such losses, claims, damages, liabilities or
related expenses are determined by a court of competent jurisdiction by final and
nonappealable judgment to have resulted from the gross negligence (it being
acknowledged that ordinary negligence does not necessarily constitute gross
negligence), or wilful misconduct of or material breach of this Agreement by such
Secured Party.
	 
	 	(c)	 	The Guarantor shall not assert, and the Guarantor hereby waives, any claim
against any Secured Party (or any director, officer or employee thereof), on any theory
of liability, for special, indirect, consequential or punitive damages (as opposed to
direct or actual damages) arising out of, in connection with, or as a result of, this
Agreement.
	 
	 	(d)	 	All amounts due under this Section shall be payable to the Agent for the
benefit of the applicable Secured Parties not later than three Business Days after
written demand therefor.
	 
	 	(e)	 	The indemnifications set out in this Agreement shall survive the payout of the
Secured Liabilities of the Guarantor.

26. Additional Security. This Agreement is in addition to, and not in substitution of, any
and all other Security previously or concurrently delivered by the Guarantor or any other Person to
any Secured Party, all of which other Security shall remain in full force and effect.

27. Alteration. None of the terms or provisions of this Agreement may be waived, amended,
supplemented or otherwise modified except by a written instrument executed by the Agent.

28. Severability. Any provision of this Agreement that is prohibited or unenforceable in
any jurisdiction shall, as to that jurisdiction, be ineffective to the extent of such prohibition
or

 

 

unenforceability and shall be severed from the balance of this Agreement, all without affecting the
remaining provisions of this Agreement or affecting the validity or enforceability of such
provision in any other jurisdiction.

29. Set-off. If an Event of Default shall have occurred and be continuing, each Secured
Party is hereby authorized at any time and from time to time, to the fullest extent permitted by
Law, to set-off, compensate against or combine and apply any and all deposits (general or special,
time or demand, provisional or final) at any time held and other obligations at any time owing by
such Secured Party to or for the credit or the account of the Guarantor against or with any or all
of the Secured Liabilities of the Guarantor, irrespective of whether or not such Secured Party
shall have made any demand under any Loan Document and although such obligations may be unmatured.
The rights of each Secured Party under this Section are in addition to other rights and remedies
(including other rights of set-off or combination) which such Secured Party may have.

30. Governing Law; Attornment. This Agreement shall be governed by and construed in
accordance with the Laws of the Province of Manitoba. Without prejudice to the ability of the
Agent to enforce this Agreement in any other proper jurisdiction, the Guarantor irrevocably submits
and attorns to the non-exclusive jurisdiction of the courts of such province. To the extent
permitted by applicable Law, the Guarantor irrevocably waives any objection (including any claim of
inconvenient forum) that it may now or hereafter have to the venue of any legal proceeding arising
out of or relating to this Agreement in the courts of such Province.

31. Time. Time is of the essence with respect to this Agreement and the time for
performance of the obligations of the Guarantor under this Agreement may be strictly enforced by
the Agent.

32. Interpretation. The definitions of terms herein shall apply equally to the singular
and plural forms of the terms defined. Whenever the context may require, any pronoun shall include
the corresponding masculine, feminine and neuter forms. The words “include”, “includes” and
“including” shall be deemed to be followed by the phrase “without limitation”. The word “or” is
disjunctive; the word “and” is conjunctive. The word “shall” is mandatory; the word “may” is
permissive. Unless the context requires otherwise (a) any definition of or reference to any
agreement, instrument or other document herein shall be construed as referring to such agreement,
instrument or other document as from time to time amended, supplemented, restated or otherwise
modified (subject to any restrictions on such amendments, supplements, restatements or
modifications set out herein), (b) any reference herein to any statute or any section thereof
shall, unless otherwise expressly stated, be deemed to be a reference to such statute or section as
amended, replaced or re-enacted from time to time, (c) any reference herein to any Person shall be
construed to include such Person’s successors and permitted assigns, (d) the words “herein”,
“hereof” and “hereunder”, and words of similar import, shall be construed to refer to this
Agreement in its entirety and not to any particular provision hereof, and (e) all references herein
to Sections and Schedules shall be construed to refer to Sections and Schedules to, this Agreement.
Section headings are for convenience of reference only, are not part of this Agreement and shall
not affect the construction of, or be taken into consideration in interpreting, this Agreement.

33. Successors and Assigns. This Agreement shall enure to the benefit of, and be binding
on, the Guarantor and its successors and assigns, and shall enure to the benefit of, and be binding
on, the

 

 

Agent and its successors and assigns. The Guarantor may not assign this Agreement, or any of its
rights or obligations under this Agreement. The Agent may assign this Agreement and any of their
rights and obligations hereunder to any Person that replaces it in its capacity as such.

34. Acknowledgment of Receipt. The Guarantor acknowledges receipt of an executed copy of
this Agreement.

35. Additional Guarantors. Additional Persons may from time to time after the date of this
Agreement become Guarantors under this Agreement by executing and delivering to the Agent a
supplemental agreement (together with all schedules thereto, a “Supplement”) to this Agreement, in
substantially the form attached hereto as Exhibit A. Effective from and after the date of the
execution and delivery by any Person to the Agent of a Supplement such Person shall be, and shall
be deemed for all purposes to be, a Guarantor under this Agreement with the same force and effect,
and subject to the same agreements, representations, indemnities, liabilities and obligations, as
if such Person had been an original signatory to this Agreement as a Guarantor. The execution and
delivery of a Supplement by any additional Person shall not require the consent of the Debtor or
the Guarantor and all of the liabilities and obligations of the Guarantor shall remain in full
force and effect, notwithstanding the addition of any new Guarantor to this Agreement.

36. Secured Parties. The Secured Parties are beneficiaries of this Agreement subject to
the terms and conditions of the Credit Agreement. This Agreement may be enforced only by the
action of the Agent acting on behalf of the Secured Parties and no other Secured Party shall have
any rights individually to enforce or seek to enforce this Agreement.

37. Electronic Signature. Delivery of an executed signature page to this Agreement by the
Guarantor by facsimile or other electronic form of transmission shall be as effective as delivery
by the Guarantor of a manually executed copy of this Agreement by the Guarantor.

38. Conflict. In the event of a conflict or inconsistency between the provisions of this
Agreement and the provisions of the Credit Agreement, then the provisions of the Credit Agreement
shall have priority over and shall govern to the extent of such conflict or inconsistency;
provided, however, that the existence of a particular representation, warranty, covenant or other
provision in this Agreement which is not contained in the Credit Agreement shall not be deemed to
be a conflict or inconsistency, and that particular representation, warranty, covenant or other
provision shall continue to apply.

[signatures on the next following page]

 

 

IN WITNESS WHEREOF the undersigned has caused this Agreement to be duly executed as of the date
first written above.

	 	 	 	 	 
	43462 YUKON INC.

 	 
	By:  	                     /s/ Timothy J. Barker
 	 
	 	Name:  	Timothy J. Barker 	 
	 	Title:  	V.P. 	 

 

 

	 	 	 	 	 

EXHIBIT A

FORM OF SUPPLEMENT

TO GUARANTEE

	 	 	 	 	 
	TO:

	 	Name:
	 	WELLS FARGO CAPITAL FINANCE, LLC, as agent
	 

	 	Address:
	 	2450 Colorado Avenue, Suite 3000 West, Santa Monica,
California 90404
	 

	 	Attention:
	 	Technology Finance Division Manager
	 

	 	Facsimile:
	 	(310) 453-7413

WHEREAS:

A. Reference is made to the Guarantee (the “Agreement”) dated as of February 10, 2010 entered into
by each of the Persons identified under the caption “GUARANTORS” on the signature pages thereto and
any other Person which thereafter signs a Supplement, in favour of the Agent (for its own benefit
and for the benefit of the other Secured Parties).

B. RealPage Inc., as borrower (the “Debtor”), the lenders signatory thereto from time to time, as
lenders (the “Lenders”), Wells Fargo Capital Finance, LLC (formerly, Wells Fargo Foothill, LLC), as
agent for and on behalf of the Lenders (the “Agent”), are party to a credit agreement dated as of
September 3, 2009 (as amended, supplemented, restated or replaced from time to time, the “Credit
Agreement”).

C, Capitalized terms used but not otherwise defined in this Supplement have the respective meanings
given to such terms in the Agreement, including the definitions of terms incorporated in the
Agreement by reference to other agreements.

D. Section 35 of the Agreement provides that additional Persons may from time to time after the
date of the Agreement become Guarantors under the Agreement by executing and delivering to the
Agent a supplemental agreement to the Agreement in the form of this Supplement.

E. The undersigned (the “New Guarantor”) has agreed to become a Guarantor under the Agreement by
executing and delivering this Supplement to the Agent.

     For good and valuable consideration, the receipt and sufficiency of which are acknowledged by
the New Guarantor, the New Guarantor agrees with and in favour of the Agent (for its own benefit
and for the benefit of the Secured Parties) as follows:

     1. The New Guarantor has received a copy of, and has reviewed, the Agreement and is executing
and delivering this Supplement to the Agent pursuant to Section 35 of the Agreement.

     2. Effective from and after the date this Supplement is executed and delivered to the Agent by
the New Guarantor, the New Guarantor shall be, and shall be deemed for all purposes to be, a
Guarantor under the Agreement with the same force and effect, and subject to the same agreements,
representations, indemnities, liabilities and obligations, as if the New Guarantor had

 

 

been, as of the date of this Supplement, an original signatory to the Agreement as a
Guarantor. In furtherance of the foregoing, the New Guarantor hereby unconditionally and
irrevocably guarantees the prompt payment and performance to the Agent, forthwith upon demand by
the Agent, of all the Guaranteed Liabilities. The terms and provisions of the Agreement are
incorporated by reference in this Supplement.

     3. The New Guarantor represents and warrants to the Agent (for its own benefit and for the
benefit of the other Secured Parties) that each of the representations and warranties made or
deemed to have been made by it under the Agreement as a Guarantor are true and correct on the date
of this Supplement.

     4. Upon this Supplement bearing the signature of any Person claiming to have authority to bind
the New Guarantor coming into the possession of the Agent, this Supplement and the Agreement shall
be deemed to be finally and irrevocably executed and delivered by, and be effective and binding on,
and enforceable against, the New Guarantor free from any promise or condition affecting or limiting
the liabilities of the New Guarantor and the New Guarantor shall be, and shall be deemed for all
purposes to be, a Guarantor under the Agreement. No statement, representation, agreement or
promise by any officer, employee or agent of the Agent or any Secured Party, unless expressly set
forth in this Supplement, forms any part of this Supplement or has induced the New Guarantor to
enter into this Supplement and the Agreement or in any way affects any of the agreements,
obligations or liabilities of the New Guarantor under this Supplement and the Agreement.

     5. Delivery of an executed signature page to this Supplement by the New Guarantor by facsimile
or other electronic transmission shall be as effective as delivery by the New Guarantor of a
manually executed copy of this Supplement by the New Guarantor.

     6. This Supplement shall be governed by and construed in accordance with the laws of the
Province of Manitoba, and the laws of Canada applicable therein.

     7. This Supplement and the Agreement shall be binding upon the New Guarantor and its
successors. The New Guarantor shall not assign its rights and obligations under this Supplement or
the Agreement or any interest in this Supplement or the Agreement.

[signatures on the next following page]

 

 

     IN WITNESS WHEREOF, the New Guarantor has executed this Supplement as of the date first above
written.

	 	 	 	 	 
	 	[FULL LEGAL NAME OF NEW GUARANTOR]

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:

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