Document:

EX-4.3

 Exhibit 4.3 

[FORM OF FACE OF EXCHANGE NOTE] 

OUTERWALL INC. 
 THIS GLOBAL NOTE IS HELD
BY THE DEPOSITARY (AS DEFINED IN THE INDENTURE GOVERNING THIS NOTE) OR ITS NOMINEE IN CUSTODY FOR THE BENEFIT OF THE BENEFICIAL OWNERS HEREOF, AND IS NOT TRANSFERABLE TO ANY PERSON UNDER ANY CIRCUMSTANCES EXCEPT THAT (1) THE TRUSTEE MAY MAKE
SUCH NOTATIONS HEREON AS MAY BE REQUIRED PURSUANT TO SECTION 2.06(h) OF THE INDENTURE, (2) THIS GLOBAL NOTE MAY BE EXCHANGED IN WHOLE BUT NOT IN PART PURSUANT TO SECTION 2.06(a) OF THE INDENTURE, (3) THIS GLOBAL NOTE MAY BE DELIVERED TO
THE TRUSTEE FOR CANCELLATION PURSUANT TO SECTION 2.11 OF THE INDENTURE AND (4) THIS GLOBAL NOTE MAY BE TRANSFERRED TO A SUCCESSOR DEPOSITARY WITH THE PRIOR WRITTEN CONSENT OF THE COMPANY. 

UNLESS AND UNTIL IT IS EXCHANGED IN WHOLE OR IN PART FOR NOTES IN DEFINITIVE FORM, THIS NOTE MAY NOT BE TRANSFERRED EXCEPT AS A WHOLE BY THE DEPOSITARY TO A
NOMINEE OF THE DEPOSITARY OR BY A NOMINEE OF THE DEPOSITARY TO THE DEPOSITARY OR ANOTHER NOMINEE OF THE DEPOSITARY OR BY THE DEPOSITARY OR ANY SUCH NOMINEE TO A SUCCESSOR DEPOSITARY OR A NOMINEE OF SUCH SUCCESSOR DEPOSITARY. UNLESS THIS NOTE IS
PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY (55 WATER STREET, NEW YORK, NEW YORK) (“DTC”), TO THE COMPANY OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY NOTE ISSUED IS REGISTERED
IN THE NAME OF CEDE & CO. OR SUCH OTHER NAME AS MAY BE REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR SUCH OTHER ENTITY AS MAY BE REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY
TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN 

 6.000% SENIOR NOTES DUE 2019 

 

					
	 No.
	  	$	—  	 

 CUSIP No.:                

Outerwall Inc., a Delaware corporation, promises to pay to Cede & Co. or registered assigns the principal sum of
            Dollars , as revised by the Schedule of Increases or Decreases in Global Note attached hereto, on March 15, 2019. 

Interest Payment Dates: March 15 and September 15, commencing September 15, 2013 

Record Dates: March 1 and September 1 

Reference is hereby made to the further provisions of this Note set forth on the reverse hereof, which further provisions shall for all
purposes have the same effect as if set forth at this place. 

  
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 IN WITNESS WHEREOF, the Company has caused this Note to be signed manually or by facsimile by its
duly authorized officers. 
  

			
	OUTERWALL INC.
		
	By:	 	 
		 	Name:
		 	Title:

Dated:                    , 

Certificate of Authentication: 
 Wells Fargo Bank, National
Association, 
 as Trustee, certifies that this is one of 
 the
Notes referred to in the within- 
 mentioned indenture. 
  

			
		
	By:	 	 
		 	Authorized Signatory

  
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 [Reverse of Note] 

OUTERWALL INC. 
 6.000%
Senior Notes due 2019 
 Capitalized terms used herein have the meanings assigned to them in the Indenture referred to below unless
otherwise indicated. 
 (1) INTEREST. Outerwall Inc., a Delaware corporation (the
“Company”), promises to pay interest on the principal amount of this Note at 6.000% per annum from March 12, 2013 until maturity and shall pay the Additional Interest, if any, payable pursuant to Section 6 of the
Registration Rights Agreement dated as of March 12, 2013 among the Company, the Guarantors and the Trustee (the “Registration Rights Agreement”) . The Company will pay interest and Additional Interest, if any, semi-annually in
arrears on March 15 and September 15 of each year, or if any such day is not a Business Day, on the next succeeding Business Day (each, an “Interest Payment Date”). Interest on the Notes will accrue from the most recent
date to which interest has been paid or, if no interest has been paid, from the date of issuance; provided, that if an Interest Payment Date falls on a day that is not a Business Day, and payment is made on the next succeeding Business Day,
no interest shall accrue on such payment for the intervening period; provided, further, that if there is no existing Default in the payment of interest, and if this Note is authenticated between a record date referred to on the face hereof
and the next succeeding March 15 or September 15 (whichever is earlier), interest shall accrue from such next succeeding March 15 or September 15. The first Interest Payment Date shall be September 15, 2013. The Company will
pay interest (including post-petition interest in any proceeding under any Bankruptcy Law if and to the extent allowed) on overdue principal at the rate borne by the Notes to the extent lawful; it will pay interest (including post-petition interest
in any proceeding under any Bankruptcy Law if and to the extent allowed) on overdue installments of interest and Additional Interest, if any, (without regard to any applicable grace periods) at the same rate to the extent lawful. Interest will be
computed on the basis of a 360-day year of twelve 30-day months. Defaulted interest will be paid at the times and in the manner provided in the Indenture. 

(2) METHOD OF PAYMENT. The Company will pay interest on the Notes (except
defaulted interest) and Additional Interest, if any, to the Persons who are registered Holders at the close of business on the March 1 or September 1 next preceding each Interest Payment Date, even if such Notes are canceled after such
record date and on or before such Interest Payment Date, except as provided in Section 2.12 of the Indenture with respect to defaulted interest. The Notes will be payable as to principal, premium and Additional Interest, if any, and interest at
the office or agency of the Company maintained for such purpose in the United States, or, at the option of the Company, payment of interest and Additional Interest, if any, may be made by check mailed to the Holders at their addresses set forth in
the register of Holders; provided, that payment by wire transfer of immediately available funds will be required with respect to principal of and interest, premium and Additional Interest, if any, on, all Global Notes. Such payment will be in
such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts. 

(3) PAYING AGENT AND REGISTRAR. Initially, Wells Fargo Bank, National
Association, the Trustee under the Indenture, will act as Paying Agent and Registrar. The Company may change any Paying Agent or Registrar without notice to any Holder. The Company or any of its Subsidiaries may act in any such capacity. 

(4) INDENTURE. The Company issued the Notes under an Indenture dated as of March 12, 2013 (the
“Indenture”) between the Company, the Guarantors and the Trustee. The terms of the Notes include those stated in the Indenture and those made part of the Indenture by reference to the TIA. The Notes are subject to all such terms,
and Holders are referred to the Indenture and the TIA for a statement of such terms. To the extent any provision of this Note conflicts with the express provisions of the Indenture, the provisions of the Indenture shall govern and be controlling.
The Notes are unsecured obligations of the Company in the initial aggregate principal amount of $350 million. The Indenture does not limit the aggregate principal amount of Notes that may be issued thereunder. 

(5) OPTIONAL REDEMPTION. 

(a) Except as set forth in subparagraph (b) of this Paragraph 5, the Company will not have the option to redeem the Notes prior to
March 15, 2016. On or after March 15, 2016, the Company will have the option to 

  
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redeem all or a part of the Notes upon not less than 30 nor more than 60 days’ notice, at the redemption prices (expressed as percentages of principal amount) set forth below plus accrued
and unpaid interest (including Additional Interest), if any, on the Notes redeemed to the applicable redemption date, if redeemed during the twelve-month period beginning on March 15 of the years indicated below, subject to the rights of
Holders on the relevant record date to receive interest on the relevant interest payment date: 
  

					
	 Year
	  	Percentage	 
	 2016
	  	 	103.000	% 
	 2017
	  	 	101.500	% 
	 2018 and thereafter
	  	 	100.000	% 

 Unless the Company defaults in the payment of the redemption price, interest will cease to accrue on the Notes
or portions thereof called for redemption on the applicable redemption date. 
 (b) Notwithstanding the provisions of
subparagraph (a) of this Paragraph 5: 
 (i) at any time prior to March 15, 2016, the Company may redeem some
or all of the Notes at a price equal to 100% of the principal amount of the Notes redeemed plus the Applicable Premium, plus accrued and unpaid interest (including Additional Interest), if any, to, but excluding, the redemption date; and 

(ii) at any time prior to March 15, 2016, the Company may on any one or more occasions redeem up to 35% of the aggregate
principal amount of Notes issued under the Indenture with the net cash proceeds of one or more Equity Offerings at a redemption price equal to 106.000% of the aggregate principal amount thereof, plus accrued and unpaid interest (including Additional
Interest), if any, to the redemption date; provided, that (1) at least 65% in aggregate principal amount of the Notes originally issued under the Indenture (excluding Notes held by the Company and its Subsidiaries) remains outstanding
immediately after the occurrence of such redemption and (2) such redemption occurs within 90 days of the date of the closing of such Equity Offering. 

(6) MANDATORY REDEMPTION. 

The Company is not required to make mandatory redemption or sinking fund payments with respect to the Notes. 

(7) REPURCHASE AT THE OPTION OF
HOLDER. 
 (a) If there is a Change of Control, the Company will be required to make an offer (a
“Change of Control Offer”) to each Holder to repurchase all or any part (equal to $2,000 or an integral multiple of $1,000 in excess thereof) of each Holder’s Notes at a purchase price in cash equal to 101% of the aggregate
principal amount thereof, plus accrued and unpaid interest (including Additional Interest, if any), thereon to the date of purchase, subject to the rights of Holders on the relevant record date to receive interest due on the relevant interest
payment date (the “Change of Control Payment”). Within 30 days following any Change of Control, the Company will mail a notice to each Holder setting forth the procedures governing the Change of Control Offer as required by the
Indenture. 
 (b) If the Company or a Restricted Subsidiary of the Company consummates any Asset Sales, within 30 days of each date on which
the aggregate amount of Excess Proceeds exceeds $20.0 million, the Company will make an offer to all Holders and all holders of other Indebtedness that is pari passu with the Notes containing provisions similar to those set forth in the
Indenture with respect to offers to purchase or redeem with the proceeds of sales of assets (an “Asset Sale Offer”) pursuant to Sections 3.09 and 4.10 of the Indenture to purchase the maximum principal amount of Notes and such
other pari passu Indebtedness that may be purchased out of the Excess Proceeds at an offer price in cash in an amount equal to 100% of the principal amount of the Notes being purchased plus accrued and unpaid interest and Additional Interest,
if any, thereon to the date of purchase in 

  
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accordance with the procedures set forth in the Indenture. To the extent that the aggregate amount of Notes and other pari passu Indebtedness tendered pursuant to an Asset Sale Offer is
less than the Excess Proceeds, the Company (or such Restricted Subsidiary) may use the remaining Excess Proceeds for any purpose not otherwise prohibited by the Indenture. If the aggregate principal amount of Notes and other pari passu
Indebtedness tendered into such Asset Sale Offer exceeds the amount of Excess Proceeds, the Notes and such other pari passu Indebtedness shall be purchased on a pro rata basis. Upon completion of each Asset Sale Offer, the amount of
Excess Proceeds will be reset at zero. Holders that are the subject of an offer to purchase will receive an Asset Sale Offer from the Company prior to any related purchase date and may elect to have their Notes purchased by completing the form
entitled “Option of Holder to Elect Purchase” attached to the Notes. 
 (8) NOTICE OF
REDEMPTION. Notice of redemption will be mailed at least 30 days but not more than 60 days before the redemption date to each Holder whose Notes are to be redeemed at its registered address, except that redemption notices may be
mailed more than 60 days prior to a redemption date if the notice is issued in connection with a defeasance of the Notes or a satisfaction and discharge of the Indenture. Notes in denominations larger than $2,000 may be redeemed in part but only in
amounts equal to $2,000 or integral multiples of $1,000 in excess thereof, unless all of the Notes held by a Holder are to be redeemed. 

(9) DENOMINATIONS, TRANSFER, EXCHANGE. The Notes are in registered form
without coupons in minimum denominations of $2,000 and integral multiples of $1,000 in excess thereof. The transfer of Notes may be registered, and Notes may be exchanged, as provided in the Indenture. The Registrar and the Trustee may require a
Holder, among other things, to furnish appropriate endorsements and transfer documents and the Company may require a Holder to pay any taxes and fees required by law or permitted by the Indenture. The Company need not exchange or register the
transfer of any Note or portion of a Note selected for redemption, except for the unredeemed portion of any Note being redeemed in part. Also, neither the Company nor the Trustee need exchange or register the transfer of any Notes for a period of 15
days before the mailing of a notice of redemption of notes to be redeemed. 
 (10) PERSONS DEEMED
OWNERS. The registered Holder shall be treated as its owner for all purposes. 
 (11)
AMENDMENT, SUPPLEMENT AND WAIVER. Subject to certain exceptions set forth in the Indenture, the Indenture, the Notes or the Note Guarantees may be amended or
supplemented with the consent of the Holders of at least a majority in aggregate principal amount of the then outstanding Notes, including Additional Notes, if any, voting as a single class, and any existing Default or Event of Default or compliance
with any provision of the Indenture, the Notes or the Note Guarantees may be waived with the consent of the Holders of a majority in aggregate principal amount of the then outstanding Notes including Additional Notes, if any, voting as a single
class. Without the consent of any Holder, the Indenture, the Notes or the Note Guarantees may be amended or supplemented: to cure any ambiguity, defect or inconsistency; to provide for uncertificated Notes in addition to or in place of certificated
Notes, or otherwise alter the provisions of Article 2 of the Indenture in a manner that does not materially adversely affect any Holder; to provide for the assumption of the Company’s or a Guarantor’s obligations to holders of the Notes
and Note Guarantees in case of a merger or consolidation or sale of all or substantially all of the Company’s or such Guarantor’s assets, as applicable; to make any change that would provide any additional rights or benefits to the Holders
or that does not, in the good faith opinion of the Company’s Board of Directors, adversely affect the legal rights under the Indenture of any such Holder; to comply with the requirements of the SEC in order to effect or maintain the
qualification of the Indenture under the TIA; to conform the text of the Indenture, the Note Guarantees or the Notes to any provision of the “Description of Notes” section of the Company’s Offering Memorandum dated March 7, 2013,
relating to the initial offering of the Notes; to provide for the issuance of Additional Notes in accordance with the limitations set forth in the Indenture as of the Issue Date; to allow any Guarantor to execute a Note Guarantee and/or a
supplemental indenture to the Indenture with respect to the Notes; to release any Guarantor in accordance with Section 10.05 of the Indenture; or to evidence or provide for the acceptance of the appointment under the Indenture of a successor
trustee. 
 (12) DEFAULTS AND REMEDIES. The Events of Default are set
forth in the Indenture. If any Event of Default occurs and is continuing, the Trustee or the Holders of at least 25% in aggregate principal amount of the then outstanding Notes may declare all the Notes to be due and payable immediately.
Notwithstanding the foregoing, in the case of an Event of Default arising from certain events of bankruptcy or insolvency, all outstanding Notes will become due and payable immediately without further action or notice. Holders may not enforce the
Indenture or the Notes except as provided in the Indenture. Subject to certain limitations, Holders of a majority in aggregate principal amount of the then outstanding Notes may direct the Trustee in its exercise of any trust or power. The Trustee
may 

  
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withhold from Holders notice of any continuing Default or Event of Default (except a Default or Event of Default relating to the payment of principal or interest or premium or Additional
Interest, if any) if it determines that withholding notice is in their interest. The Holders of a majority in aggregate principal amount of the then outstanding Notes by written notice to the Trustee may, on behalf of the Holders of all of the
Notes, rescind an acceleration or waive any existing Default or Event of Default and its consequences under the Indenture (except a continuing Default or Event of Default in the payment of principal, interest or premium or Additional Interest, if
any, arising other than solely because of such acceleration). The Company is required to deliver to the Trustee annually a statement regarding compliance with the Indenture, and the Company is required, upon becoming aware of any Default or Event of
Default, to deliver to the Trustee a statement specifying such Default or Event of Default. 
 (13) GUARANTEES. The
Notes may be entitled to the benefits of certain Note Guarantees made for the benefit of the Holders. Reference is hereby made to the Indenture for a statement of the respective rights, limitations of rights, duties and obligations thereunder of the
Guarantors, if any, the Trustee and the Holders. 
 (14) UNCLAIMED MONEY. Reference is hereby made to
the Indenture for the provisions concerning unclaimed money. 
 (15) TRUSTEE DEALINGS WITH
COMPANY. The Trustee, in its individual or any other capacity, may make loans to, accept deposits from, and perform services for the Company or its Affiliates, and may otherwise deal with the Company or its
Affiliates, as if it were not the Trustee. 
 (16) NO RECOURSE AGAINST
OTHERS. A director, officer, employee, incorporator or stockholder of the Company or any of the Guarantors, as such, will not have any liability for any obligations of the Company or the Guarantors under the Notes,
the Note Guarantees or the Indenture or for any claim based on, in respect of, or by reason of, such obligations or their creation. Each Holder by accepting a Note waives and releases all such liability. The waiver and release are part of the
consideration for the issuance of the Notes. 
 (17) AUTHENTICATION. This Note will not be valid until
authenticated by the manual signature of the Trustee or an authenticating agent. 
 (18) ABBREVIATIONS.
Customary abbreviations may be used in the name of a Holder or an assignee, such as: TEN COM (= tenants in common), TEN ENT (= tenants by the entireties), JT TEN (= joint tenants with right of survivorship and not as tenants in common), CUST (=
Custodian), and U/G/M/A (= Uniform Gifts to Minors Act). 
 (19) CUSIP NUMBERS. Pursuant to a
recommendation promulgated by the Committee on Uniform Security Identification Procedures, the Company has caused CUSIP numbers to be printed on the Notes, and the Trustee may use CUSIP numbers in notices of redemption as a convenience to Holders.
No representation is made as to the accuracy of such numbers either as printed on the Notes or as contained in any notice of redemption, and reliance may be placed only on the other identification numbers placed thereon. 

(20) GOVERNING LAW. THE INTERNAL LAW OF THE STATE OF NEW YORK WILL GOVERN AND BE USED TO CONSTRUE THE
INDENTURE, THIS NOTE AND THE NOTE GUARANTEES WITHOUT GIVING EFFECT TO APPLICABLE PRINCIPLES OF CONFLICTS OF LAW TO THE EXTENT THAT THE APPLICATION OF THE LAWS OF ANOTHER JURISDICTION WOULD BE REQUIRED THEREBY. 

The Company will furnish to any Holder upon written request and without charge a copy of the Indenture. Requests may be made to: 

Outerwall Inc. 
 1800 114th Avenue SE 
 Bellevue, Washington 9804 

Attention: Corporate Secretary 

Facsimile No.: (425) 943-8090 

  
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 ASSIGNMENT FORM 

To assign this Note, fill in the form below: 
  

					
	(I) or (we) assign and transfer this Note to: 	  	 	  	
		
		  	(Insert assignee’s legal name)
	 	  	 	  	
		
	 (Insert assignee’s soc. sec. or tax I.D. no.)
	  	
			
	 	  	 	  	
			
	 	  	 	  	
			
	 	  	 	  	
			
	 	  	 	  	
	
	(Print or type assignee’s name, address and zip code)

 and irrevocably appoint
                                         
                                         
                      to transfer this Note on the books of the Company. The agent may substitute another to act for him. 

 

					
	 Date:
	 	 	 	

  

			
	Your Signature: 	 	 
		
		 	(Sign exactly as your name appears on the face of this Note)

  

					
	 Signature Guarantee*: 
	  	 	 	

  
  
  

 

	* 	Participant in a recognized Signature Guarantee Medallion Program (or other signature guarantor acceptable to the Trustee). 

  
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 OPTION OF HOLDER TO
ELECT PURCHASE 
 If you want to elect to have this Note purchased by the Company pursuant to Section 4.10 or 4.14 of the
Indenture, check the appropriate box below: 
  

											
		 	 ̈  Section 4.10	  		  		  	 ̈  Section 4.14	 	

 If you want to elect to have only part of the Note purchased by the Company pursuant to Section 4.10 or 4.14 of the
Indenture, state the amount you elect to have purchased: 
  

											
		 		  	 	$                            	  	  		 	

  

					
	 Date:
	 	 	 	

  

					
	Your Signature:	 		 	 
			
		 		 	(Sign exactly as your name appears on the face of this Note)

  

			
	Tax Identification No.: 	 	 

  

					
	 Signature Guarantee*:
	  	 	 	 

  
  
  

 
  

	* 	Participant in a recognized Signature Guarantee Medallion Program (or other signature guarantor acceptable to the Trustee). 

  
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 SCHEDULE OF EXCHANGES OF
INTERESTS IN THE GLOBAL NOTE 
 The following exchanges of a part of this Global
Note for an interest in another Global Note or for a Definitive Note, or exchanges of a part of another Global Note or Definitive Note for an interest in this Global Note, have been made: 

 

									
	 Date of

Exchange
	 	 Amount of

decrease
 in

Principal Amount
 at
maturity of
 this Global Note
	 	 Amount of

increase in
 Principal
Amount
 at maturity of

this Global Note
	  	Principal Amount
at maturity of this
Global Note
following such
decrease
or increase	  	Signature of
authorized signatory
of Trustee or
Custodian

  
 - 10 -EX-10.33

 Exhibit 10.33 

EXECUTIVE AGREEMENT 

THIS EXECUTIVE AGREEMENT (this “Agreement”) is entered into on the 3rd day of September, 2013 by and between Kenneth
S. Esterow (“Executive”) and Bankrate, Inc., a Delaware corporation (the “Company”). 
 WHEREAS,
the Company desires to engage Executive to perform certain services for the Company, and Executive desires to accept said engagement from the Company; and 

WHEREAS, the Company and Executive have agreed upon the terms and conditions of Executive’s engagement by the Company, and the
parties desire to express the terms and conditions in this Agreement; and 
 WHEREAS, the Company and Executive intend for this
Agreement to supersede all agreements between Executive and the Company. 
 NOW, THEREFORE, in consideration of the mutual covenants
and agreements contained herein and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged and accepted, the parties hereby agree as follows: 

1. Employment of Executive; Term. The Company hereby employs Executive as Senior Vice President and Chief Operating Officer of
the Company, commencing September 9, 2013 (the “Effective Date”) and Executive hereby accepts such employment by the Company, under the terms of this Agreement. The term of this Agreement (the “Term”) shall
commence as of the Effective Date and shall terminate pursuant to Section 8 hereof. 
 2. Duties and Location. 

A. Executive’s duties will consist of duties normally associated with the position identified in Section 1. Executive shall report
to the Chief Executive Officer of the Company. Executive shall devote his full business time to the Company’s business and shall not render to others any service of any kind for compensation or engage in any activity which conflicts or
interferes with the performance of his obligations under this Agreement as determined in the discretion of the Company’s Board of Directors (the “Board”) without the express written consent of the Board; provided,
however, that Executive may engage in non-profit or charitable activities which do not involve substantial time and which do not materially interfere with his employment under this Agreement and which activities are not in competition with
the Company as determined in the discretion of the Board. Executive will be allowed to continue in his role as a member of the board of directors of Orbitz Worldwide, Inc. 

B. Executive agrees that he shall at all times faithfully and to the best of his ability and experience perform all of the duties that may be
required of him pursuant to the terms of this Agreement. 
 C. Executive will perform his services from the Company’s office in New
York, NY. Executive recognizes that his position will entail reasonable travel, but the Company cannot require Executive to relocate outside of the New York City metropolitan area without Executive’s consent. 

 3. Base Salary. Executive shall receive a base salary commencing on the Effective
Date and during his employment hereunder of $450,000.00 per annum (the “Base Salary”), which amount may be increased (but not decreased) annually at the discretion of the Compensation Committee of the Board (the
“Committee”). The Base Salary shall be paid to Executive by the Company in accordance with the Company’s regular payroll practice as in effect from time to time. 

4. Annual Bonus. Executive will be eligible for an annual bonus. Executive shall have an annual target bonus in accordance with
the Company’s management incentive program of $250,000, with the actual annual bonus to be determined and paid in accordance with the Company’s regular bonus practice as in effect from time to time. 

5. Stock Incentive Awards. 

A. On October 1, 2013, the Company shall grant Executive 125,000 shares of Restricted Stock (as defined in the Company’s 2011 Equity
Compensation Plan (the “Equity Plan”)) which shall vest, subject to continued employment, as follows: (i) one-quarter of the shares of Restricted Stock granted pursuant to this Agreement (31,250 shares) shall vest on the first
anniversary of the Effective Date and (ii) the remaining three-quarters of the shares of Restricted Stock granted pursuant to this Agreement shall vest in thirty-six (36) monthly installments beginning on the day that is one month
following the first anniversary of the Effective Date and on the 9th day of each month thereafter (with 2,604 shares vesting on each of the first thirty-five (35) vesting dates (October 9, 2014 through August 9, 2017) and 2,610 vesting on
the final vesting date (September 9, 2017)). The terms of the Restricted Stock award granted hereunder shall be consistent with those provided in the Company’s standard form of Restricted Stock award agreement; provided, however,
that (x) any unvested shares of Restricted Stock shall vest in full upon a termination of Executive’s employment in accordance with sub-sections D or F of Section 8 of this Agreement and (y) notwithstanding anything in the Equity
Plan to the contrary, the Restricted Stock award shall not vest upon the consummation of a Covered Transaction (as defined in the Equity Plan). 

B. On October 1, 2013 (the “Option Grant Date”), the Company shall grant Executive a stock option to purchase 250,000
shares of Company common stock (the “Option”) at a per share exercise price equal to the closing price per share of Company common stock on the New York Stock Exchange on the Option Grant Date, which Option shall vest and become
exercisable as follows: (i) the portion of the Option with respect to one-quarter of the shares subject to the Option (62,500 shares) shall vest on the first anniversary of the Effective Date and (ii) the remaining portion of the Option
shall vest in thirty-six (36) monthly installments beginning on the day that is one month following the first anniversary of the Effective Date and on the 9th day of each month thereafter (with the portion of the Option with respect to 5,208
shares vesting on each of the first thirty-five (35) vesting dates (from October 9, 2014 through August 9, 2017) and the portion of the Option with respect to 5,220 shares vesting on the final vesting date (September 9, 2017)). The
terms of the Option to be granted hereunder shall be consistent with those set forth in the Company’s standard form of stock option award agreement; provided, however, that (x) any unvested Options shall vest in full upon a
termination of Executive’s employment in accordance with sub-sections D or F of Section 8 of this Agreement and (y) notwithstanding anything in the Equity Plan to the contrary, the Option shall not vest upon the consummation of a
Covered Transaction (as defined in the Equity Plan). 

  
 2 

 C. Executive shall be eligible to participate in annual grants pursuant to the stock incentive
programs applicable to similarly situated executives of the Company, with actual stock incentive grants, if any, to be determined in the sole discretion of the Committee. The terms of such stock incentive grants, including without limitation with
respect to the effect of a Covered Transaction, will be materially consistent with grants made at such time to similarly situated executives of the Company. 

6. Executive Benefits. Executive shall be entitled to participate in all benefit plans as shall be in effect for executive
officers of the Company generally from time to time, subject to the terms and conditions of each such plan. Executive shall be entitled to paid vacation each year in accordance with the Company’s policies. 

In addition, the Company shall pay up to $7,000 of Executive’s actual legal fees and costs incurred in connection with reviewing and negotiating the
Agreement, provided that Executive shall document said fees and costs in the manner generally required by the Company under its policies and procedures. 

7. Expenses. Executive shall be reimbursed by the Company monthly for the ordinary and necessary reasonable business expenses
incurred by him in the performance of his duties for the Company, including travel and lodging expenses, meals, client entertainment, and cell phone expense, all in accordance with the Company’s policies; provided that Executive shall
first document said business expenses in the manner generally required by the Company under its policies and procedures. 
 8.
Termination. 
 The Term and Executive’s employment may be terminated upon the occurrence of any of the following events:

 A. Death of Executive; 

B. Mental or physical disability of Executive which prevents him from performing substantially all of his duties hereunder for a period of
120 consecutive days or 180 days during any one year. 
 C. For Cause, as defined below: 

(i) Executive’s material breach of this Agreement which is not cured within ten (10) days of receipt of written notice to Executive
specifying the nature of such breach in reasonable detail; 
 (ii) Executive’s dishonesty, fraud, malfeasance, gross negligence or
misconduct which, in the reasonable judgment of the Board, is, or is likely to, cause material injury to the Company or the business reputation of the Company; 

  
 3 

 (iii) Executive’s willful failure to (a) follow the lawful direction (consistent with
Executive’s duties) of the Board or (b) comply in all material respects with the lawful policies, procedures, and rules of the Company, as the same have been communicated to Executive in writing which, in the case of either (a) or
(b), is not cured within ten (10) days of receipt of written notice to Executive specifying the nature of such failure in reasonable detail; or 

(iv) Executive’s conviction of, or Executive’s entry of a plea of guilty or no contest to, a felony or crime involving moral
turpitude. 
 D. Without Cause. “Without Cause” means any termination of employment by the Company which is not defined in
sub-sections A, B, or C, above. 
 E. By Executive without Good Reason as defined below. 

F. By Executive for Good Reason as defined below. 

(i) For purposes of this Agreement “Good Reason” shall mean (1) the failure by the Company to pay to Executive the
compensation or perform any other obligation due to him under this Agreement or any agreements evidencing the grant of the stock incentives described in Section 5 hereof; (2) following the second anniversary of the Effective Date,
Executive’s duties and responsibilities not having materially increased above the level set forth herein; (3) the failure by the Company to allow Executive to participate in the Company’s employee benefit plans generally available
from time to time to executives of the Company; (4) the failure of any successor to all or substantially all of the business and/or assets of the Company to assume this Agreement; (5) relocation of Executive to an office greater than
thirty (30) miles from the current location of Executive’s principal office without Executive’s consent; or (6) reduction of Executive’s title, or material reduction of Executive’s duties or responsibilities with the
Company; provided, however, that Good Reason shall not exist hereunder unless Executive provides written notice to the Company of the existence of one or more of the conditions described in clauses (1) through (6) within
thirty (30) days following Executive’s knowledge of the initial existence of such condition or conditions, specifying in reasonable detail the conditions constituting Good Reason, and the Company shall have ten (10) days following
receipt of such written notice (the “Cure Period”) during which it may remedy the condition if such condition is reasonably subject to cure. In the event that the Company fails to remedy the condition constituting Good Reason during
the applicable Cure Period, Executive must terminate his employment, if at all, within thirty (30) days following such Cure Period in order for such termination as a result of such condition to constitute a termination for Good Reason. 

9. Post Termination Payment Obligations. 

A. If the Term and Executive’s employment is terminated for any of the reasons stated in sub-sections A, B or C of Section 8 of this
Agreement or is terminated by Executive pursuant to sub-section E of Section 8 of this Agreement, then Executive shall be entitled to receive his Base Salary at the then current rate and any accrued bonus through the effective date of the
termination, payable within fifteen (15) days of the effective termination date, and 

  
 4 

 
thereafter the Company shall have no further obligations under this Agreement except as set forth in Section 14(C), but Executive shall continue to be bound by Sections 10, 13, 14 and 15 and
all other post-termination obligations contained in this Agreement and provisions of this Agreement that specifically survive termination of Executive’s employment. 

B. If the Term and Executive’s employment is terminated in accordance with sub-section F of Section 8 of this Agreement or is
terminated by the Company pursuant to sub-section D of Section 8 of this Agreement then (i) the Company shall pay Executive his Base Salary at the then current rate and any accrued bonus through the effective termination date, payable
within fifteen (15) days of the termination date, (ii) all of the outstanding unvested stock incentive awards granted pursuant to sub-sections A and B of Section 5 of this Agreement shall immediately vest upon such a termination of
employment and (iii) the Company shall pay Executive a separation payment in the amount of one year’s (18 months, if such termination of employment occurs during the one-year period immediately following a Covered Transaction (as defined
in the Equity Plan) Base Salary at the then current rate (the “Separation Payment”). The Separation Payment (whether or not in connection with a Covered Transaction) shall be paid in three installments as follows: 

(i) One-Third of the Separation Payment shall be payable on the fifty-fifth
(55th) day after the termination date; 
 (ii) One-Third of the Separation
Payment shall be payable on the 6-month anniversary of the termination date; and 
 (iii) One-Third of the Separation Payment shall be
payable on the 12-month anniversary of the termination date. 
 The post-termination obligations under this Section 9(B) shall be binding upon the
Company regardless of Executive’s subsequent employment with any other person, firm, partnership, association, business organization, corporation or other entity which is not affiliated with the Company. 

C. In consideration of, and as a condition to the Company’s obligation to pay the Separation Payment, Executive shall: 

(i) Execute and deliver a Separation and Release Agreement in a form prepared by and acceptable to the Company (which will be substantially
in the form attached hereto as Exhibit A) within fifty-five (55) days following the termination date (including the expiration of any revocation period required by law), whereby Executive releases the Company from any and all liability and
settles claims of any kind. Benefits under this Agreement shall be deemed forfeited if the release is not executed and delivered to the Company within the time period specified or if the release is revoked; and 

(ii) Comply with the restrictive covenants (Sections 13 and 14 of this Agreement), all other post-termination obligations contained in this
Agreement and the provisions of this Agreement that specifically survive termination of this Agreement. 

  
 5 

 D. Upon any termination of Executive’s employment with the Company for any reason,
Executive shall promptly resign from any position as an officer, director or fiduciary of the Company or any Company affiliate or other Company-related entity. 

10. Work Product. All Work Product (defined below) shall be work made for hire by Executive and owned by the Company. If any of
the Work Product may not, by operation of law or otherwise, be considered work made for hire by Executive for the Company, or if ownership of all right, title, and interest to the legal rights therein shall not otherwise vest exclusively in the
Company, Executive hereby assigns to the Company, and upon the future creation thereof automatically assigns to the Company, without further consideration, the ownership of all Work Product. The Company shall have the right to obtain and hold in its
own name copyrights, patents, registrations, and any other protection available in the Work Product. Executive agrees to perform, during or after termination of Executive’s employment by the Company, such further acts as may be necessary or
desirable to transfer, perfect and defend the Company’s ownership of the Work Product as requested by the Company. “Work Product” means the data, materials, formulas, research, documentation, computer programs, communication systems,
audio systems, system designs, inventions (whether or not patentable), and all works of authorship, including all worldwide rights therein under patent, copyright, trade secret, confidential information, moral rights and other property rights,
created or developed in whole or in part by Executive, while employed by the Company, within the scope of Executive’s employment or which otherwise relates in any manner to the Company’s Business. 

11. Set-Off. If at the time of termination of the Term and Executive’s employment for any reason, Executive has any
outstanding obligations to the Company, Executive acknowledges that the Company is authorized to deduct from Executive’s final paycheck and the Separation Payment any then documented amounts owed to the Company. 

12. No Mitigation; No Set-Off. Executive shall have no obligation to seek other employment or take any other action to mitigate
any amounts due to him under this Agreement. 
 13. Trade Secrets and Confidential Information. During the course of
Executive’s employment with the Company, the Company may disclose to Executive Trade Secrets and Confidential Information (defined below). The Trade Secrets and the Confidential Information of the Company are the sole and exclusive property of
the Company (or a third party providing such information to the Company). The disclosure of the Trade Secrets and the Confidential Information of the Company to Executive does not give Executive any license, interest or rights of any kind in the
Trade Secrets or Confidential Information. 
 A. Executive may use the Trade Secrets and Confidential Information solely for the benefit of
the Company while Executive is an employee of the Company. Executive shall hold in confidence the Trade Secrets and Confidential Information of the Company. Except in the performance of services for the Company, Executive shall not reproduce,
distribute, transmit, reverse engineer, decompile, disassemble, or transfer the Trade Secrets or the Confidential Information of the Company or any portion thereof. 

B. The obligations under this Agreement with regard to the Trade Secrets of the Company remain in effect as long as the information
constitutes a trade secret under applicable 

  
 6 

 
law. The obligations with regard to the Confidential Information of the Company shall remain in effect while Executive is employed by the Company and for a period of three (3) years
thereafter. 
 C. Executive agrees to return to the Company, upon Executive’s resignation, termination, or upon request by the
Company, the Trade Secrets and Confidential Information of the Company and all materials relating thereto. 
 D. As used herein,
“Trade Secrets” means information of the Company, and its licensors, suppliers, clients and customers, including, but not limited to, technical or non-technical data, formulas, patterns, compilations, programs, devices, methods,
techniques, drawings, processes, financial data, financial plans, product plans, or a list of actual or potential customers or suppliers, which is not commonly known or available to the public and which information (i) derives economic value,
actual or potential, from not being generally known to, and not being readily ascertainable by proper means by, other persons who can obtain economic value from its disclosure or use and (ii) is the subject of efforts that are reasonable under
the circumstances to maintain its secrecy. 
 As used herein, “Confidential Information” means information, other than Trade Secrets, that is
treated as confidential, and that would potentially damage or interfere with, in any manner, the Company’s business if disclosed. Confidential Information includes, but is not limited to, information concerning the Company’s financial
structure, pricing, revenue sharing, partner agreements, customer agreements, marketing plans, methods of operation, and internal operating procedures. 

Notwithstanding the foregoing, the provisions of this sub-section D do not apply to (i) information which is general knowledge in the Company’s
industry, (ii) information that has been disclosed to Executive by third parties who are unrelated to the Company and who are not bound by agreements of confidentiality with respect thereto, and (iii) as Executive may be required to
disclose by law but only to the extent required by law. 
 14. Restrictive Covenants. 

A. Non-competition. Executive agrees that for so long as Executive is employed by the Company and for a period of one (1) year
thereafter, Executive will not, individually or on behalf of any person, firm, partnership, association, business organization, corporation or other entity engaged in the Business of the Company, engage in or perform, anywhere within the United
States, Canada and any other such geography in which the Company operates, which shall constitute the territory, any activities which are competitive with the Business of the Company. Nothing herein shall be construed to prohibit Executive from
acquiring shares of capital stock of any public corporation, provided that such investment does not exceed 5% of the stock of such public corporation. 

B. Non-Solicitation; Non-Disparagement. Executive agrees that for so long as Executive is employed by the Company or any of its
affiliates and for a period thereafter equal to twelve (12) months from the date Executive ceases to be employed by the Company and its affiliates for any reason, neither Executive nor any company or other entity controlled by

  
 7 

 
Executive (whether currently existing or hereafter acquired or formed) shall, directly or indirectly, in any capacity, (i) solicit or induce, or attempt to solicit or induce, any person who
accepts employment with the Company and its affiliates to leave the employ of the Company or any of its affiliates for any reason whatsoever, (ii) hire or employ any person who accepts employment with the Company and its affiliates,
(iii) solicit or induce, or attempt to solicit or induce, any customer of the Company and its affiliates not to purchase any goods or products with respect to the Company and its affiliates or (iv) otherwise impede or interfere in any way
with any customer relationship of the Company or any of its affiliates with respect to the Company and its affiliates. Executive agrees not to disparage the Company or its affiliates in any way, other than as part of the judicial, arbitration or
other dispute resolution process in connection with any litigation, mediation, arbitration or other judicial proceeding arising under any claim brought in connection with this Agreement, or other than when compelled to testify under oath by
subpoena, regulation or court order. 
 C. The Company agrees to instruct the members of the Board and officers of the Company who are
subject to the requirements of Section 16 of the Securities Exchange Act of 1934, as amended, not to disparage the Executive in any way, other than as part of the judicial, arbitration or other dispute resolution process in connection with any
litigation, mediation, arbitration or other judicial proceeding arising under any claim brought in connection with this Agreement, or other than when compelled to testify under oath by subpoena, regulation or court order. 

D. For purposes of this Section 14, the term “Business” shall mean the business of the delivery of editorial content and
product research related to consumer financial services delivered in print or over the Internet; and the term “Client” shall mean any individual or business entity which employs the Company for purposes of delivery of editorial content and
product research related to consumer financial services delivered in print or over the Internet. 
 15. Injunctive Relief.
Executive acknowledges that breach of the provisions of Sections 13, and/or 14 of this Agreement would result in irreparable injury and permanent damage to the Company, which prohibitions or restrictions Executive acknowledges are both reasonable
and necessary under the circumstances, singularly and in the aggregate, to protect the interests of the Company. Executive recognizes and agrees that the ascertainment of damages in the event of a breach of Sections 13 and/or 14 of this Agreement
would be difficult, and that money damages alone would be an inadequate remedy for the injuries and damages which would be suffered by the Company from breach by Executive. 

Executive therefore agrees: (i) that, in the event of a breach of Sections 13 and/or 14 of this Agreement, the Company, in addition to and without
limiting any of the remedies or rights which it may have at law or in equity or pursuant to this Agreement, shall have the right to injunctive relief or other similar remedy in order to specifically enforce the provisions hereof; and (ii) to
waive and not to (A) assert any defense to the effect that the Company has an adequate remedy at law with respect to any such breach, (B) require that the Company submit proof of the economic value of any Trade Secret, or (C) require
that the Company post a bond or any other security. Nothing contained herein shall preclude the Company or Executive from seeking monetary damages of any kind, including reasonable fees and expenses of counsel and other expenses, in a court of law.

  
 8 

 16. Survival. The provisions of Sections 9 through 32 shall survive termination of
the Term and Executive’s employment. 
 17. Invalidity of Any Provision. It is the intention of the parties hereto that
Sections 10, 13 and 14 of this Agreement shall be enforced to the fullest extent permissible under the laws and public policies of each state and jurisdiction in which such enforcement is sought, but that the unenforceability (or the modification to
conform with such laws or public policies) of any provision hereof shall not render unenforceable or impair the remainder of this Agreement which shall be deemed amended to delete or modify, as necessary, the invalid or unenforceable provisions. The
parties further agree to alter the balance of this Agreement in order to render the same valid and enforceable. 
 18. Waiver of
Breach. The waiver by either party of a breach of any provision of this Agreement by the other shall not operate or be construed as a waiver of any subsequent breach. 

19. Successors and Assigns. This Agreement shall be binding upon and shall inure to the benefit of the Company, its successors
and assigns, and the Company shall require any successors and assigns to expressly assume and agree to perform this Agreement in the same manner and to the same extent that the Company would be required to perform it if no such succession or
assignment had taken place. Neither this Agreement nor any right or interest hereunder shall be assignable or transferable by Executive, his beneficiaries or legal representatives, except by will or by the laws of descent and distribution. 

20. License. To the extent that any pre-existing materials are contained in the materials Executive delivers to the Company or
the Company’s customers, and such preexisting materials are not Work Product, Executive grants to the Company an irrevocable, nonexclusive, worldwide, royalty-free license to: (i) use and distribute (internally or externally) copies of,
and prepare derivative works based upon, such preexisting materials and derivative works thereof and (ii) authorize others to do any of the foregoing. Executive shall notify the Company in writing of any and all pre-existing materials delivered
to the Company by Executive. 
 21. Release. Executive acknowledges that Executive may provide the image, likeness, voice, or
other characteristics of Executive or third parties in the services, materials, computer programs and other deliverables that Executive provides as a part of this Agreement. Executive hereby consents to the use of such characteristics of Executive
by the Company in the products or services of the Company. 
 22. Severability. If any provision or part of a provision of
this Agreement shall be determined to be void and unenforceable by a court of competent jurisdiction, the remainder of this Agreement shall remain valid and enforceable. 

23. No Prior Agreements. Executive hereby represents and warrants to the Company that the execution of this Agreement by
Executive and Executive’s employment by the Company and the performance of Executive’s duties hereunder shall not violate or be a breach of any agreement with a former employer, client or any other person or entity. 

  
 9 

 24. Entire Agreement. This Agreement represents the entire understanding of
the parties concerning the subject matter hereof and supersedes all prior communications, agreements and understandings, whether oral or written, relating to the subject matter hereof. The language contained herein shall be deemed to be that
negotiated and approved by both parties and no rule of strict construction shall be applied. 
 25. Modification. This
Agreement may be modified only by agreement in writing signed by both the Company and Executive. 
 26. Governing Law. This
Agreement shall be governed in all aspects by the laws of the State of Florida without regard to its rules governing conflicts of law. 

27. Section Headings. The section headings are included for convenience and are not intended to limit or affect the
interpretation of this Agreement. 
 28. Notice. Whenever any notice is required, it shall be given in writing addressed as
follows: 
  

			
	 To the Company:
	  	 Bankrate, Inc.
 477 Madison Avenue, Suite
430
 New York, NY 10022
 Attention: General Counsel

Telecopy: 917-368-8611

		
	 To Executive:
	  	 Kenneth S. Esterow
 313 Canterbury Lane

Wyckoff, NJ 07481

		
	 With a copy to:
	  	 Robert C. Christenson
 1075 Peachtree Street,
NE
 Suite 3500
 Atlanta, GA 30309

 Notice shall be deemed given and effective three (3) days after the deposit in the U.S. mail of a writing
addressed as above and sent first class mail, certified, return receipt requested, or when actually received. Either party may change the address for notice by notifying the other party of such change in accordance with this Section. 

29. Section 409A. Notwithstanding the foregoing, if any amount to be paid to Executive pursuant to this Agreement is
“deferred compensation” subject to Section 409A of the Code and the rules and regulations thereunder (“Section 409A”), and if Executive is a “Specified Employee” (as defined under Section 409A) as of
the date of Executive’s termination of employment hereunder, then, to the extent necessary to avoid the imposition of excise taxes or other penalties under Section 409A, the payment of benefits, if any, scheduled to be paid by the Company
to Executive hereunder during the first 6-month period following the date of a termination of employment hereunder shall not be paid until the date which is the first business day following the six (6)-month anniversary of Executive’s
termination of employment for any 

  
 10 

 
reason other than death. Any termination of employment or services from the Company which triggers a payment of “deferred compensation” subject to Section 409A shall, if
applicable, meet the requirements of a “separation from service” under Section 409A. Notwithstanding anything to the contrary in this Agreement, all reimbursements and in-kind benefits provided under this Agreement that are subject to
Section 409A shall be made in accordance with the requirements of Section 409A, including, where applicable, the requirement that (A) any reimbursement is for expenses incurred during Executive’s lifetime; (B) the amount of
expenses eligible for reimbursement, or in-kind benefits provided, during a calendar year may not affect the expenses eligible for reimbursement, or in-kind benefits to be provided, in any other calendar year; (C) the reimbursement of an
eligible expense will be made no later than the last day of the calendar year following the year in which the expense is incurred; and (D) the right to reimbursement or in-kind benefits is not subject to liquidation or exchange for another
benefit. This Agreement is intended to comply with Section 409A, and the parties shall cooperate fully with one another to ensure compliance with Section 409A, including, without limitation, adopting amendments to arrangements subject to
Section 409A and operating such arrangements in compliance with Section 409A; provided, however, nothing in this Section 29 shall require Executive to reduce his compensation or require the Company to indemnify Executive
for any taxes, penalties or interest that may be imposed on Executive under Section 409A. 
 30. Indemnification. The
Company agrees, to the greatest extent permitted by applicable law and the Company’s Articles of Incorporation, to defend, indemnify and hold harmless Executive against any and all loss, damage, liability and expense, including, without
limitation, reasonable attorneys’ fees, disbursements court costs, and any amounts paid in settlement and the costs and expenses of enforcing this section of the Agreement, which may be suffered or incurred by Executive in connection with the
provision of his services hereunder, including, without limitation, any claims, litigations, disputes, actions, investigations or other matters, provided that such loss, damage, liability and expense (i) arises out of or in connection with the
performance by Executive of his obligations under this Agreement and (ii) is not the result of any material breach by Executive of his obligations hereunder, and provided further that the Company shall be under no obligation to defend,
indemnify or hold harmless Executive if Executive has acted with gross negligence or willful misconduct. 
 In addition to the foregoing, the Company agrees
to provide Executive with coverage under a Directors & Officers insurance policy to the same extent as the Company currently provides its executive officers. 

31. Jurisdiction and Venue. The parties acknowledge that a substantial portion of the negotiations, anticipated performance and
execution of this Agreement occurred or shall occur in Palm Beach County, Florida. Any civil action or legal proceeding arising out of or relating to this Agreement shall be brought in the courts of record of the State of Florida in Palm Beach
County or the United States District Court, Southern District of Florida. Each party consents to the jurisdiction of such Florida court in any such civil action or legal proceeding and waives any objection to the laying of venue of any such civil
action or legal proceeding in such Florida court. Service of any court paper may be effected on such party by mail, as provided in this Agreement, or in such other manner as may be provided under applicable laws, rules of procedure or local rules.

  
 11 

 32. JURY WAIVER. IN ANY CIVIL ACTION, COUNTERCLAIM, OR PROCEEDING, WHETHER AT LAW
OR IN EQUITY, WHICH ARISES OUT OF, CONCERNS, OR RELATES TO THIS AGREEMENT, ANY AND ALL TRANSACTIONS CONTEMPLATED BY THIS AGREEMENT, THE PERFORMANCE OF THIS AGREEMENT, OR THE RELATIONSHIP CREATED BY THIS AGREEMENT, WHETHER SOUNDING IN CONTRACT, TORT,
STRICT LIABILITY, OR OTHERWISE, TRIAL SHALL BE TO A COURT OF COMPETENT JURISDICTION AND NOT TO A JURY. EACH PARTY HEREBY IRREVOCABLY WAIVES ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY. ANY PARTY MAY FILE AN ORIGINAL COUNTERPART OR A COPY OF THIS
AGREEMENT WITH ANY COURT, AS WRITTEN EVIDENCE OF THE CONSENT OF THE PARTIES TO THIS AGREEMENT OF THE WAIVER OF THEIR RIGHT TO TRIAL BY JURY. NEITHER PARTY HAS MADE OR RELIED UPON ANY ORAL REPRESENTATIONS TO OR BY ANY OTHER PARTY REGARDING THE
ENFORCEABILITY OF THIS PROVISION. EACH PARTY HAS READ AND UNDERSTANDS THE EFFECT OF THIS JURY WAIVER PROVISION. EACH PARTY ACKNOWLEDGES THAT IT HAS BEEN ADVISED BY ITS OWN COUNSEL WITH RESPECT TO THE TRANSACTION GOVERNED BY THIS AGREEMENT AND
SPECIFICALLY WITH RESPECT TO THE TERMS OF THIS SECTION. IN CONNECTION WITH ANY PROCEEDING BROUGHT PURSUANT TO THIS SECTION 32, EACH PARTY SHALL BEAR ITS OWN COSTS AND EXPENSES, INCLUDING ATTORNEY’S FEES, AND NEITHER PARTY SHALL BE ENTITLED TO
RECOVER SUCH COSTS OR EXPENSES EXPENDED IN THE COURSE OF SUCH PROCEEDING. 
 IN WITNESS WHEREOF, the parties hereto have executed
this Agreement as of the day and year first above written. 
  

									
	EXECUTIVE:	 		 	 COMPANY:
 BANKRATE,
INC.

				
	 /s/ Kenneth S. Esterow
	 		 	By:	 	 /s/ Thomas R. Evans

	 Kenneth S. Esterow
	 		 		 	Thomas R. Evans
		 		 		 		 	President & Chief Executive Officer

  
 12 

 EXHIBIT A 

[Form of Separation Agreement]

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