Document:

Form of Fourth Amended and Restated Stockholders Agreement

 Exhibit 10.16 
 FORM OF 
 BANKRATE, INC. 

FOURTH AMENDED AND RESTATED STOCKHOLDERS AGREEMENT 
 This FOURTH AMENDED AND RESTATED STOCKHOLDERS AGREEMENT (the “Agreement”) is made as of [—], 2011 by and among Bankrate, Inc, a Delaware
corporation (the “Company”), Ben Holding S.à r.l., a company organized under the Laws of Luxembourg (“Ben S.à r.l.”), and each of the other Persons whose name appears on the Schedule of Investors
attached hereto (the “Management Holders”), as amended from time to time in accordance with the terms hereof (the “Schedule of Investors”), and each Person who after the date hereof acquires Preferred Stock,
Common Stock or Common Stock Equivalents and agrees to be bound by this Agreement by executing a joinder to this Agreement substantially in the form of Exhibit A hereto (together with the Management Holders, the “Other
Holders”). Capitalized terms used herein are defined in Section 6. 
 WHEREAS, Ben S.à r.l. and the
Management Holders were originally holders of certain shares of preferred stock and common stock of BEN Holdings, Inc., a Delaware corporation, (“Holdings”); 
 WHEREAS, the Company, Ben S.à r.l. and the Management Holders intend to undertake an initial Public Offering (the “IPO”) of shares of Common Stock under which the Company, Ben
S.à r.l. and certain Management Holders (together with Ben S.à r.l. the “Selling Stockholders”) are offering shares of Common Stock to the public. 

WHEREAS, in connection with the IPO, Holdings was merged with and into the Company (the “Merger”), with the Company
surviving and each share of common stock and preferred stock of Holdings outstanding immediately prior to the Merger has been converted into shares of Common Stock. 
 WHEREAS, upon the consummation of the Merger but prior to the consummation of the IPO, Ben S.à r.l. is the direct holder of the shares of Common Stock set forth opposite its name on the Schedule
of Investors; 
 WHEREAS, upon the consummation of the Merger but prior to the consummation of the IPO, each of the
Management Holders is the direct holder of the shares of Common Stock set forth opposite its name on the Schedule of Investors; 
 WHEREAS, the Company and the Stockholders desire to enter into this Agreement for the purposes, among others, of (i) establishing the composition of the Company’s Board of Directors (the
“Board”) and (ii) assuring continuity in the management and ownership of the Company. 
 NOW, THEREFORE,
in consideration of the mutual covenants contained herein and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties to this Agreement hereby agree as follows: 

 1. Board of Directors. 

Each Stockholder hereby agrees that such Person shall vote, or cause to be voted, all voting securities of the Company over which such
Person has the power to vote or direct the voting, and shall take all other reasonably necessary or desirable actions within such Person’s control (whether in such Person’s capacity as a stockholder, director, member of a board committee
or officer of the Company or otherwise, and including, without limitation, attendance at meetings in person, via telephone or by proxy for purposes of obtaining a quorum and execution of written consents in lieu of meetings), and the Company shall
take all reasonably necessary or desirable actions within its control (including, without limitation, calling special board and stockholder meetings, recommending that stockholders vote in favor of such nominees and soliciting proxies thereof), so
that: 
 (a) from and after the date hereof, the size of the Board shall initially be seven (7) directors and the following
individuals shall be elected to the Board and caused to be continued in office: (i) until the first date on which the Apax Holders cease to Beneficially Own fifty percent (50%) or more of the voting power of all outstanding shares of the
capital stock of the Company entitled to vote generally in the election of directors (the “Voting Stock”), individuals representing a majority of the total number of directors comprising the Board nominated by the Apax Holders [who
shall initially be [—]] (the “Apax Directors”); (ii) until the first date on which the Apax Holders cease to Beneficially Own thirty percent (30%) or more of the voting
power of the Voting Stock, individuals representing thirty percent (30%) of the total number of directors comprising the Board nominated by the Apax Holders; (iii) until such time as the Apax Holders cease to Beneficially Own five percent
(5%) or more of the voting power of all of the Voting Stock, individuals representing fifteen percent (15%) of the total number of directors comprising the Board nominated by the Apax Holders; provided, however, that for
purposes of calculating the number of directors that the Apax Holders are entitled to nominate pursuant to the formulas set forth above, any fractional amounts will be rounded up to the nearest whole number and the calculation will be made taking
into account any increase (or decrease) in the number of members of the Board; provided, however, that no individual shall be nominated by the Apax Holders who does not meet the Company’s generally applicable director
qualification policies, if any, as approved by the Board, or has reached the mandatory retirement age for directors as set forth in Section 3.14 of the Company’s Bylaws. 

(b) (i) until the first date on which the Apax Holders cease to Beneficially Own fifty percent (50%) or more of the voting
power of the Voting Stock, at the Apax Holders’ option, a majority of the members of each committee of the Board (the number of such members calculated according to the provisions set forth in subsection (a)(i) above) will be directors
nominated by the Apax Holders, and (ii) until such time as the Apax Holders cease to Beneficially Own five percent (5%) or more of the voting power of the Voting Stock, at the Apax Holders’ option, at least one (1) member of each
committee of the Board will be a director nominated by the Apax Holders, in each case to the extent permitted by Law and applicable stock exchange rules; 
 (c) at the Apax Holders’ option, the composition of the board of directors of each of the Company’s Subsidiaries (each, a “Sub Board”) shall be the same as that of the Board,

  
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and the composition of any committee of a Sub Board shall be the same as that of any committee of the Board in each case to the extent permitted by Law and applicable stock exchange rules;

 (d) a representative to the Board, Board committee or a Sub Board nominated by any Stockholder pursuant to the terms of this
Section 1 may be removed from the Board, Board committee or such Sub Board with or without cause only upon such Stockholder’s written request; 
 (e) in the event that any representative nominated hereunder by any Stockholder (or Stockholders) ceases to serve as a member of the Board, a Sub Board or a committee during his or her term of office
(whether due to resignation, removal or otherwise) and such Stockholder(s) would remain entitled to have the other Stockholders vote in favor of its nominee for such vacancy in an annual election, then the resulting vacancy on the Board or the Sub
Board shall be filled by a representative designated by such Stockholder(s) so entitled; 
 (f) if any party which is entitled
to designate a representative to fill a directorship pursuant to the terms of this Section 1 fails to designate such representative, neither the Board nor the Stockholders may elect, and the Stockholders shall not vote to elect, any Person to
fill such vacant directorship without the prior written consent of the Stockholder(s) originally entitled to designate such director pursuant to this Section 1; 
 (g) in the event of any vacancy that a Stockholder is not entitled to fill unilaterally pursuant to clause (e) above, such vacancy shall be filled in accordance with the Bylaws of the Company;

 (h) the bylaws of the Company and of each of the Company’s Subsidiaries shall provide that, except as otherwise provided
by Law, no quorum shall exist at any meeting of the Board or any Sub Board unless directors having a majority of the voting power of such board of directors are present at such meeting; and 

(i) the Company shall pay the reasonable out-of-pocket expenses incurred by each director in connection with attending the meetings of
the Board, any Sub Board and any committee thereof. 
 2. Representations and Warranties. Each Stockholder represents and
warrants to the Company and each other Stockholder that (a) as of the date hereof, such Stockholder is the record owner of the number of Stockholder Shares set forth opposite such Stockholder’s name on the Schedule of Investors
attached hereto; (b) this Agreement has been duly authorized, executed and delivered by such Stockholder and constitutes the valid and binding obligation of such Stockholder, enforceable in accordance with its terms; (c) such Stockholder
has not granted and is not a party to any proxy, voting trust or other agreement which is inconsistent with, conflicts with or violates any provision of this Agreement; and (d) it is not a party to a binding written agreement to sell, exchange
or otherwise dispose of any of its Common Stock other than the Underwriting Agreement, dated as of [—], by and between the Company, the Selling Stockholders and certain underwriters named therein. No
holder of Stockholder Shares, in its 

  
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capacity as such, shall grant any proxy or become party to any voting trust or other agreement which is inconsistent with, conflicts with or violates any provision of this Agreement. 

3. Registration Rights. 
 3A Demand Registrations. 
 (a) Subject to the provisions of this
Section 3 (including the restrictions set forth in Section 3A(d)), the Apax Requesting Holders and the Morse Holder shall have the right (the “Demand Right”) to request registration under the Securities Act
of all or any portion of the Registrable Securities held by such Person(s) by delivering a written notice to the principal business office of the Company, which notice, if submitted by the Apax Requesting Holders shall identify the Apax Requesting
Holders, and if submitted by either the Apax Requesting Holders or the Morse Holder shall specify the number of Registrable Securities to be included in such registration (the “Registration Request”). Upon exercise by the Apax
Requesting Holders or the Morse Holder of any Demand Right, each of the other holders of Registrable Securities shall have the right to request registration of its Registrable Securities in connection with such Demand Registration. The Company shall
give prompt written notice of such Registration Request (the “Registration Notice”) to all other holders of Registrable Securities and shall thereupon use its best efforts to effect the registration (a “Demand
Registration”) under the Securities Act on any form available to the Company of: 
 (i) the Registrable
Securities requested to be registered by the Apax Requesting Holders or the Morse Holder and all other Registrable Securities which the Company has received a written request from the other holders of Registrable Securities to register within twenty
(20) days after the Registration Notice is given (or five (5) days after the Registration Notice is given if such Demand Registration is a take down made pursuant to a shelf registration statement on Form S-3); 

(ii) any securities of the Company proposed to be included in such registration by the Company for its own account; and

 (iii) any Common Stock of the Company proposed to be included in such registration by the holders of any
registration rights granted other than pursuant to this Agreement (“Other Registration Rights”). 
 (b) A
registration undertaken by the Company at the request of the Apax Requesting Holders or the Morse Holder shall not count as a Demand Registration for purposes of Section 3A(d): 

(i) if, pursuant to the Demand Right, the Apax Requesting Holders or the Morse Holder (as applicable) fail to register and
sell at least eighty percent (80%) of the Registrable Securities requested to be included in such registration by such Person(s) exercising the Demand Right; or 

(ii) if the Apax Requesting Holders or the Morse Holder withdraw a Registration Request (1) upon the determination of
the Board to postpone the filing or effectiveness of a Registration Statement pursuant to Section 3A(d) or (2) upon the 

  
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recommendation of the managing underwriter of such offering due to discovery of a material adverse development regarding the Company or its Subsidiaries or general adverse economic or market
conditions which, in such underwriter’s opinion and in either case, are reasonably likely to materially and adversely affect the price that could be obtained for such securities or the marketability thereof. 

(c) If the sole or managing underwriter of a Demand Registration advises the Company in writing that in its opinion the number of
Registrable Securities and other securities requested to be included exceeds the number of Registrable Securities and other securities which can be sold in such offering without adversely affecting the distribution of the securities being offered,
the price that will be paid in such offering, or the marketability of such securities, then the Company shall include in such registration in the following order of priority: 

(i) first, the greatest number of Registrable Securities proposed to be registered by the Person(s) exercising a Demand
Right and the other holders of Registrable Securities that requested to have their Registrable Securities registered in such Demand Registration, which in the opinion of such underwriters can be so sold, such amount to be allocated ratably among the
Stockholders based on the number of Registrable Securities held by such Stockholder (or, if any Stockholder does not request to include its ratable share, such excess shall be allocated ratably among those Stockholders requesting to include more
than their allocable share); 
 (ii) second, after all the Registrable Securities that Stockholders propose to
register, the greatest number of securities proposed to be registered by Persons with Other Registration Rights which in the opinion of such underwriters can be so sold, such amount to be allocated ratably among the respective holders thereof based
on the amount of securities held by each such holder (or, if any holder does not request to include its ratable share, such excess shall be allocated ratably among those holders requesting to include more than their allocable share); and 

(iii) third, after all securities that the Stockholders and then the Persons with Other Registration Rights propose to
register, the greatest number of securities proposed to be registered by the Company for its own account, which in the opinion of such underwriters can be so sold; provided, however, that the Company shall have the right (the
“Priority Right”) to receive priority over all Persons with Other Common Shares or Other Registration Rights in any Demand Registration to be effected under this Section 3A with respect to securities that the Company
proposes to include in such registration for its own account by giving written notice of its election to exercise such Priority Right to such Persons and to the Person(s) exercising a Demand Right; and thereafter, to Persons with Other Common Shares
and Other Registrable Securities. 
 (d) The Company shall be obligated to effect a maximum of four (4) Demand
Registrations on Form S-1 (or similar long-form registration forms) and an unlimited number of registrations on Form S-3 (or similar short-form registration forms) for the Apax Holders. The Company shall be obligated to effect a maximum of two
(2) Demand Registrations on Form S-3 (or similar short-form registration forms) for the Morse Holder. For the avoidance of doubt, the Company is not obligated to effect a Demand Registration on Form S-1 or an underwritten

  
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offering for any Person other than the Apax Holders. Any Demand Registration on Form S-1 (or similar long-form registration forms) must be for a firmly underwritten Public Offering (to be managed
by an underwriter or underwriters of recognized national standing selected by the Apax Requesting Holders and reasonably acceptable to the Company). For the avoidance of doubt, the Apax Requesting Holders are also entitled to select the underwriter
or underwriters (to be of recognized national standing and reasonably acceptable to the Company) in the case where such Apax Requesting Holders submit a Demand Registration on Form S-3 which, at the election of the Apax Holders, is to be a firmly
underwritten Public Offering. The Company may defer not more than two (2) times for a period not to exceed ninety (90) days in the aggregate during any twelve (12) month period from each receipt of the request to file a Registration
Statement for a Demand Registration if the Board in good faith determines that such Demand Registration might reasonably be expected to have a materially adverse effect on any proposal or plan by the Company or any of its Subsidiaries to engage in
any acquisition of assets (other than in the ordinary course of business) or any merger, consolidation, tender offer or other material transactions; provided, that in such event, the Apax Requesting Holders or the Morse Holder (as applicable)
shall be entitled to withdraw such request and, if such request is withdrawn, such Demand Registration shall not count as a Demand Registration of such Person(s). 
 (e) In connection with any Demand Registration pursuant to this Section 3A, each party to this Agreement shall vote, or cause to be voted, all securities of the Company over which it has the
power to vote or direct the voting to effect any stock split which, in the opinion of the sole or managing underwriter, is necessary to facilitate the effectiveness of such Demand Registration. 

(f) Any holder of Registrable Securities shall be entitled to withdraw such holder’s request to participate in any Demand
Registration that is an underwritten offering at any time prior to the execution and delivery of the related underwriting agreement. 
 (g) To the extent the Company is a well-known seasoned issuer (as defined in Rule 405 under the Securities Act (a “WKSI”), at any time any request for registration is submitted to the
Company in accordance with Section 3A, (i) if so requested, the Company shall file an automatic shelf registration statement (as defined in Rule 405 under the Securities Act) (an “shelf registration statement”) to effect
such registration, and (ii) subject to the other terms hereof, use its reasonable best efforts to maintain the effectiveness of such automatic shelf registration statement, including, without limitation, by timely filing all of its required
periodic reports with the Commission. 
 3B Piggyback Registration. 

(a) Whenever the Company proposes to register any shares of Common Stock pursuant to a Registration Statement for its own account, for
the account of any holder of Registrable Securities (other than pursuant to a Demand Registration which rights to include Registrable Securities therein shall be governed by Section 3A) or for the account of any other Person, other than
in connection with a registration the primary purpose of which is to register debt securities (i.e., in connection with a so-called “equity-kicker”), and other than in connection with a business acquisition or combination, or an employee
benefit plan (a “Piggyback 

  
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Registration”), the Company shall give prompt notice to all holders of Registrable Securities of its intention to effect such a registration and of such holders’ rights
under this Section 3B. Upon the written request of any holder of Registrable Securities (which request shall specify the Registrable Securities intended to be disposed of by such holder and the intended method of disposition thereof),
the Company shall include in such registration (subject to the limitations and priorities set forth in this Agreement) all Registrable Securities requested to be registered pursuant to this Section 3B with respect to which the Company
has received written requests for inclusion therein within twenty (20) days after the receipt of the Company’s notice; provided, that any such holder may withdraw its request for inclusion at any time prior to executing the
underwriting agreement or, if none, prior to the applicable registration statement becoming effective. 
 (b) If the sole or
managing underwriter of an Piggyback Registration advises the Company in writing that in its opinion the number of Registrable Securities and other securities requested to be included exceeds the number of Registrable Securities and other securities
which can be sold in such offering without adversely affecting the distribution of the securities being offered, the price that will be paid in such offering or the marketability of such securities, then the Company shall include in such Piggyback
Registration the Registrable Securities and other securities of the Company in the following order of priority: 
  

	 	(i)	first, the greatest number of securities of the Company proposed to be included in such registration by the Company for its own account, which in the opinion of such
underwriters can be so sold; 

  

	 	(ii)	second, after all of the securities that the Company proposes to register, the greatest number of Registrable Securities proposed to be registered by the Stockholders
holding such Registrable Securities which in the opinion of such underwriters can be so sold, such amount to be allocated ratably among the Stockholders based on the amount of Registrable Securities held by each such Stockholder (or, if any
Stockholder does not request to include its ratable share, such excess shall be allocated ratably among those Stockholders requesting to include more than their allocable share); and 

 

	 	(iii)	third, after all securities that the Company and the Stockholders holding Registrable Securities propose to register, the greatest number of securities held by Persons
with Other Registration Rights requested to be registered by the holders thereof which in the opinion of such underwriters can be so sold, such amount to be allocated ratably among the respective holders thereof based on the amount of securities
held by each such holder (or, if any holder does not request to include its ratable share, such excess shall he allocated ratably among those holders requesting to include more than their allocable share). 

(c) Any holder of Registrable Securities shall be entitled to withdraw such holder’s request to participate in any Piggyback
Registration that is an underwritten offering at any time prior to the execution and delivery of the related underwriting agreement. 

  
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 3C Holdback Agreements. 

(a) Each Stockholder agrees not to effect any Public Sale of any Stockholder Shares or of any other equity securities of the Company, or
any securities convertible into or exchangeable or exercisable for such stock or securities, during the period beginning seven (7) days prior to, and ending one hundred eighty (180) days after (or for such shorter period as to which the
managing underwriter(s) may agree) the date of the underwriting agreement of each underwritten offering made pursuant to a Registration Statement other than Registrable Securities sold pursuant to such underwritten offering. 

(b) The Company agrees not to effect any Public Sale or distribution of its equity securities (or any securities convertible into or
exchangeable or exercisable for such securities) during the seven (7) days prior to and during the one hundred eighty (180) day period beginning on the effective date of any underwritten Demand Registration (or for such shorter period as
to which the managing underwriter or underwriters may agree), except as part of such Demand Registration or in connection with any employee benefit or similar plan, any dividend reinvestment plan, or a business acquisition or combination.

 3D Registration Procedures. In connection with the registration of any Registrable Securities, the Company shall
effect such registrations to permit the sale of such Registrable Securities in accordance with the intended method or methods of disposition thereof, and pursuant thereto the Company shall as expeditiously as possible: 

(a) prepare and file with the SEC a Registration Statement or Registration Statements on a form available for the sale of the Registrable
Securities by the holders thereof in accordance with the intended method of distribution thereof, and use its best efforts to cause each such Registration Statement to become effective and remain effective as provided herein, provided that before
filing any Registration Statement or Prospectus or any amendments or supplements thereto, the Company shall furnish to and afford counsel for the Apax Holders a reasonable opportunity to review copies of all such documents (including copies of any
documents to be incorporated by reference therein and all exhibits thereto) proposed to be filed (in each case at least 3 business days prior to such filing); 
 (b) prepare and file with the SEC such amendments and post-effective amendments to each Registration Statement as may be necessary to keep such Registration Statement continuously effective for a period
ending on the earlier of (i) ninety (90) days from the effective date and (ii) such time as all of such securities have been disposed of in accordance with the intended method of disposition thereof; cause the related prospectus to be
supplemented by any required prospectus supplement and, as so supplemented, to be filed pursuant to Rule 424 (or any similar provisions then in force) under the Securities Act; and comply with the provisions of the Securities Act, the Exchange Act
and the rules and regulations of the SEC promulgated thereunder applicable to it with respect to the disposition of all securities covered by such Registration Statement as so amended or in such prospectus as so supplemented; 

(c) notify each holder of Registrable Securities promptly (but in any event within three (3) days), and confirm such notice in
writing, (i) when a prospectus or any prospectus supplement or post-effective amendment has been filed, and, with respect to a 

  
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Registration Statement or any post-effective amendment, when the same has become effective, (ii) of the issuance by the SEC of any stop order (or threat of such issuance of a stop order)
suspending the effectiveness of a Registration Statement or of any order preventing or suspending the use of any preliminary prospectus, (iii) if, at any time when a prospectus is required by the Securities Act to be delivered in connection
with sales of Registrable Securities, the Company becomes aware that the representations and warranties of the Company contained in any agreement (including any underwriting agreement) contemplated by Section 3D(j) cease to be true and
correct in all material respects, (iv) of the receipt by the Company of any notification with respect to the suspension of the qualification or exemption from qualification of a Registration Statement or any of the Registrable Securities for
offer or sale in any jurisdiction, and (v) if the Company becomes aware of the happening of any event that makes any statement made in such Registration Statement or related prospectus or any document incorporated or deemed to be incorporated
therein by reference untrue in any material respect or that requires the making of any changes in such Registration Statement, prospectus or documents so that, in the case of such Registration Statement, it will not contain any untrue statement of a
material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein not misleading, and that in the case of the prospectus, it will not contain any untrue statement of a material fact or omit to
state any material fact required to be stated therein or necessary to make the statements therein, in light of the circumstances under which they were made, not misleading; 
 (d) use its best efforts to prevent the issuance of any order suspending the effectiveness of a Registration Statement or of any order preventing or suspending the use of a prospectus or suspending the
qualification (or exemption from qualification) of any of the Registrable Securities for sale in any jurisdiction, and, if any such order is issued, to obtain the withdrawal of any such order at the earliest possible moment; 

(e) furnish, upon request, to each holder of Registrable Securities to be included in such Registration and the underwriter or
underwriters, if any, without charge, one original copy and such number of conformed copies of the Registration Statement and any post-effective amendment thereto, and such number of copies of the prospectus (including each preliminary prospectus
and each prospectus filed under Rule 424 under the Securities Act), any amendments or supplements thereto and any documents incorporated by reference therein, as such holder or underwriter may reasonably request in order to facilitate the
disposition of the Registrable Securities being sold by such holder (it being understood that the Company consents to the use of the prospectus and any amendment or supplement thereto by each holder of Registrable Securities covered by such
Registration Statement and the underwriter or underwriters, if any, in connection with the Public Offering and sale of the Registrable Securities covered by the prospectus or any amendment or supplement thereto); 

(f) make available at times and places reasonably acceptable to the Company for inspection by any seller of Registrable Securities, any
underwriter participating in any disposition of such Registrable Securities pursuant to a registration statement, Selling Stockholders’ counsel and any attorney, accountant or other advisor retained by any such seller or any underwriter (each,
an “Inspector” and collectively, the “Inspectors”), all financial and other records, pertinent corporate documents and properties of the Company and its Subsidiaries (collectively, the “Records”) as shall
be reasonably necessary to enable them to exercise their 

  
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due diligence responsibility, and cause the Company’s and its Subsidiaries’ officers, directors and employees, and the independent registered public accountants of the Company, to
supply all information reasonably requested by any such Inspectors in connection with such registration statement; 
 (g) if
requested by the managing underwriter or underwriters or any holder of Registrable Securities to be included in such Registration in connection with any sale pursuant to a Registration Statement, promptly incorporate in a prospectus supplement or
post-effective amendment such information relating to such underwriting as the managing underwriter or underwriters or such holder reasonably requests to be included therein; and make all required filings of such prospectus supplement or
post-effective amendment as soon as practicable after being notified of the matters incorporated in such prospectus supplement or post-effective amendment; 
 (h) in connection with any sale pursuant to a Registration, cooperate with the holders of Registrable Securities to be included in such Registration and the managing underwriter or underwriters, if any,
to facilitate the timely preparation and delivery of certificates (not bearing any restrictive legends including, without limitation, those set forth in Section 6) representing securities to be sold under such Registration, and enable
such securities to be in such denominations and registered in such names as the managing underwriter or underwriters, if any, or such holders may request; 
 (i) prior to any Public Offering of Registrable Securities, to use its best efforts to (1) register or qualify, and cooperate with each holder of Registrable Securities, the underwriters (if any),
the sales agents, and their respective counsel in connection with the registration or qualification (or exemption from such registration or qualification) of such Registrable Securities for offer and sale under the securities or “blue sky”
laws of such jurisdictions within the United States as any holder of Registrable Securities or the managing underwriters reasonably request in writing and (2) to cause such Registrable Securities to be registered with or approved by such other
governmental agencies or authorities as may be necessary by virtue of the business and operations of the Company and do any and all other acts and things that may be reasonably necessary or advisable to enable any holder of Registrable Securities to
consummate the disposition of the Registrable Securities owned by such holder; provided, however, that the Company shall not be required to (i) qualify generally to do business in any jurisdiction where it would not otherwise be
required to qualify but for this Section 3D(h), (ii) subject itself to taxation in any jurisdiction or (iii) consent to general service of process in any such jurisdiction where it is not then so subject; 

(j) upon the occurrence of any event contemplated by Section 3D(c)(v), as promptly as practicable prepare a supplement or
post-effective amendment to the Registration Statement or a supplement to the related prospectus or any document incorporated or deemed to be incorporated therein by reference, or file any other required document so that, as thereafter delivered to
the purchasers of the Registrable Securities being sold thereunder, such prospectus will not contain an untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary to make the statements therein,
in light of the circumstances under which they were made, not misleading; 

  
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 (k) prior to the effective date of the Registration Statement relating to the Registrable
Securities, provide a CUSIP number for the Registrable Securities; 
 (l) provide and cause to be maintained a transfer agent
and registrar for all Registrable Securities covered by such Registration Statement from and after a date not later than the effective date of such Registration Statement; 
 (m) enter into an underwriting agreement in such form, scope and substance as is customary in underwritten offerings and take all such other actions as are reasonably requested by the managing or sole
underwriter in order to expedite or facilitate the registration or the disposition of such Registrable Securities, and in such connection, (i) make such representations and warranties to the underwriters with respect to the business of the
Company and its Subsidiaries, and the Registration Statement, prospectus and documents, if any, incorporated or deemed to be incorporated by reference therein, in each case, in form, substance and scope as are customarily made by issuers to
underwriters in underwritten offerings, and confirm the same if and when requested; (ii) obtain opinions of counsel to the Company and updates thereof (which counsel and opinions (in form, scope and substance) shall be reasonably satisfactory
to the managing underwriters), addressed to the underwriters covering the matters customarily covered in opinions requested in underwritten offerings and such other matters as may be reasonably requested by underwriters; (iii) obtain “cold
comfort” letters and updates thereof from the independent certified public accountants of the Company (and, if necessary, any other independent certified public accountants of any Subsidiary of the Company or of any business acquired by the
Company for which financial statements and financial data are, or are required to be, included in the Registration Statement), addressed to each of the underwriters, such letters to be in customary form and covering matters of the type customarily
covered in “cold comfort” letters in connection with underwritten offerings; and (iv) if an underwriting agreement is entered into, the same shall contain indemnification provisions and procedures no less favorable to the holders of
Registrable Securities than those set forth in Section 3F (or such other provisions and procedures acceptable to holders of a majority of the Registrable Securities covered by such Registration Statement and the managing underwriters or
agents) with respect to all parties to be indemnified pursuant to said Section (and each of the foregoing shall be done at each closing under such underwriting agreement, or as and to the extent required thereunder); 

(n) enter into such agreements and take such other appropriate actions as are customary and reasonably necessary to expedite or
facilitate the disposition of such Registrable Securities; 
 (o) comply with all applicable rules and regulations of the SEC
and make generally available to its stockholders an earnings statement satisfying the provisions of Section 11(a) of the Securities Act and Rule 158 thereunder (or any similar rule promulgated under the Securities Act) no later than the time
prescribed under Regulation S-X (i) commencing at the end of any fiscal quarter in which Registrable Securities are sold to underwriters in a firm commitment or best efforts underwritten offering and (ii) if not sold to underwriters in
such an offering, commencing on the first day of the first fiscal quarter of the Company after the effectiveness of a Registration Statement, which statements shall cover said 12-month periods; 

  
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 (p) cause the executive officers of the Company to cooperate in any offering of Registrable
Securities hereunder, including, participation in a reasonable number of “road shows,” meetings and other communications with potential investors and preparation of all materials for such investors; 

(q) use its best efforts to cause all such Registrable Securities covered by such Registration Statement to be listed on the principal
securities exchange on which Common Stock is then listed, if the listing of such Registrable Securities is then permitted under the rules of such exchange; and 
 (r) if requested by the holders of a majority of the Apax Shares in connection with any Demand Registration that involves a firmly underwritten Public Offering, use its commercially reasonable efforts to
cause to be included in such registration Common Stock having an aggregate value (based on the midpoint of the proposed offering price range specified in the registration statement used to offer such securities) of up to $20 million, to be offered
in a primary offering of the Company’s securities contemporaneously with such offering of Registrable Securities. 
 The
Company may require each holder of Registrable Securities as to which any registration is being effected to furnish to the Company such information regarding such holder and the distribution of such Registrable Securities as the Company may, from
time to time, reasonably request in writing; provided, that such information shall be used only in connection with such registration. The Company may exclude from such registration the Registrable Securities of any holder who unreasonably
fails to furnish such information promptly after receiving such request. The Company shall permit any holder of Registrable Securities that, in such holder’s judgment, may be deemed to be an underwriter or controlling person of the Company, to
participate in the preparation of the Registration Statement and to require the insertion therein of material, furnished to the Company in writing, which in the reasonable judgment of such holder and its counsel should be included. Each holder
agrees that, upon receipt of any notice from the Company of the happening of any event of the kind described in Section 3D(c)(ii), 3D(c)(iv) or 3D(c)(v), such holder shall forthwith discontinue disposition of such
Registrable Securities covered by such Registration Statement or prospectus until such holder’s receipt of the copies of the supplemented or amended prospectus contemplated by this Section 3D, or until it is advised in writing by
the Company that the use of the applicable prospectus may be resumed, and has received copies of any amendments or supplements thereto. 
 3E Registration Expenses. 
 (a) All fees and expenses incident to the
performance of or compliance with this Agreement by the Company shall be borne by the Company, whether or not any Registration Statement is filed or becomes effective, including all registration and filing fees, including fees with respect to
filings required to be made with the Financial Industry Regulatory Authority (FINRA) in connection with an underwritten offering and fees and expenses of compliance with state securities or “blue sky” laws, printing expenses, messenger,
telephone and delivery expenses, fees and disbursements of custodians, fees and expenses of counsel for the Company, fees and expenses of all independent certified public accountants referred to in Section 3D(j),

  
 12 

 
underwriters’ fees and expenses (excluding discounts, commissions, or fees of underwriters, selling brokers, dealer managers or similar securities industry professionals relating to the
distribution of the Registrable Securities or any other commissions or legal fees incurred by holders of Registrable Securities (other than the Apax Holders)), roadshow expenses, Securities Act liability insurance, if the Company so desires such
insurance, internal expenses of the Company, the expense of any annual audit or interim review, the fees and expenses incurred in connection with the listing of the securities to be registered on any securities exchange, the fees and expenses of any
Person, including special experts, retained by the Company. 
 (b) In connection with any Demand Registration or Piggyback
Registration hereunder, the Company shall reimburse the holders of the Registrable Securities being registered in such registration for the fees and disbursements of not more than one counsel (plus appropriate local counsel) chosen by the Apax
Holders holding at least a majority of the Registrable Securities included in such registration. 
 3F Indemnification;
Contribution. 
 (a) The Company shall, and shall cause each of its Subsidiaries to, jointly and severally, without
limitation as to time, indemnify, defend and hold harmless, to the full extent permitted by Law, each holder of Registrable Securities, the partners, members, officers, directors, agents and employees of each of them, each Person who controls each
such holder (within the meaning of Section 15 of the Securities Act or Section 20 of the Exchange Act), the partners, members, officers, directors, agents and employees of each such controlling person and any financial or investment
adviser (each, a “Covered Person”), to the fullest extent lawful, from and against any and all losses, claims, damages, liabilities, actions or proceedings (whether commenced or threatened), costs (including, without limitation,
costs of preparation and attorneys’ fees) and expenses (including expenses of investigation) (collectively, “Losses”), as incurred, arising out of or based upon (i) any untrue or alleged untrue statement of a material fact
contained in any Registration Statement, prospectus or form of prospectus or in any amendment or supplements thereto or in any preliminary prospectus, or arising out of or based upon any omission or alleged omission of a material fact required to be
stated therein or necessary to make the statements therein not misleading, except to the extent that the same arise out of or are based upon information furnished in writing to the Company by such Covered Person or the related holder of Registrable
Securities expressly for use therein or (ii) any violation by the Company of any federal, state or common law rule or regulation applicable to the Company and relating to action required of or inaction by the Company in connection with any such
registration; provided, that the Company shall not be liable to any Person who participates as an underwriter (other than solely due to such Person’s status as an control person of the Company) in the offering or sale of Registrable
Securities or any other Person, if any, who controls such underwriters within the meaning of the Securities Act to the extent that any such Losses arise out of or are based upon an untrue statement or alleged untrue statement or omission or alleged
omission made in any preliminary prospectus if (A) such Person failed to send or deliver a copy of the prospectus with or prior to the delivery of written confirmation of the sale by such Person to the Person asserting the claim from which such
Losses arise, (B) the prospectus would have corrected such untrue statement or alleged untrue statement or such omission or alleged omission and (C) the Company has complied with its obligations under Section 3D(c). Each
indemnity and reimbursement of costs and expenses shall remain in full force and effect regardless of any 

  
 13 

 
investigation made by or on behalf of such Covered Person. If the Public Offering pursuant to any Registration Statement provided for under this Section 3 is made through
underwriters, (x) no action or failure to act on the part of such underwriters (whether or not such underwriter is an Affiliate of any holder of Registrable Securities) shall affect the obligations of the Company to indemnify any holder of
Registrable Securities or any other Person pursuant to the preceding sentence and (y) the Company agrees to enter into an underwriting agreement in customary form with such underwriters and the Company agrees to indemnify such underwriters,
their officers, directors, employees and agents, if any, and each Person, if any, who controls such underwriters within the meaning of Section 15 of the Securities Act to the same extent as provided in this Section 3F with respect
to the indemnification of the holders of Registrable Securities; provided, that the Company shall not be required to indemnify any such underwriter, or any officer, director or employee of such underwriter or any Person who controls such
underwriter within the meaning of Section 15 of the Securities Act, to the extent that the loss, claim, damage, liability (or proceedings in respect thereof) or expense for which indemnification is claimed results from such underwriter’s
failure to send or give a copy of an amended or supplemented final prospectus to the Person asserting an untrue statement or alleged untrue statement or omission or alleged omission at or prior to the written confirmation of the sale of Registrable
Securities to such Person if such statement or omission was corrected in such amended or supplemented final prospectus prior to such written confirmation and the underwriter was provided with such amended or supplemented final prospectus.

 (b) In connection with any Registration Statement in which a holder of Registrable Securities is participating, such holder,
or an authorized officer of such holder, shall furnish to the Company in writing such information regarding such holder as the Company reasonably requests for use in connection with any Registration Statement or prospectus and agrees, severally and
not jointly, to indemnify, defend and hold harmless to the full extent permitted by Law, the Company, its directors, officers, agents and employees, each Person who controls the Company (within the meaning of Section 15 of the Securities Act
and Section 20 of the Exchange Act), and the partners, members, directors, officers, agents or employees of such controlling persons, from and against all Losses arising out of or based upon any untrue or alleged untrue statement of a material
fact contained in any Registration Statement, prospectus, or form of prospectus, or arising out of or based upon any omission or alleged omission of a material fact required to be stated therein or necessary to make the statements therein not
misleading, to the extent, but only to the extent, that such untrue or alleged untrue statement is contained in, or such omission or alleged omission is required to be contained in, any information regarding such holder so furnished in writing by
such holder to the Company expressly for use in such Registration Statement or prospectus and that such statement or omission was relied upon by the Company in preparation of such Registration Statement, prospectus or form of prospectus;
provided, that such holder of Registrable Securities shall not be liable in any such case to the extent that the holder has furnished in writing to the Company within a reasonable period of time prior to the filing of any such Registration
Statement or prospectus or amendment or supplement thereto information expressly for use in such Registration Statement or prospectus or any amendment or supplement thereto which corrected or made not misleading, information previously furnished to
the Company, and the Company failed to include such information therein. In no event shall the liability of any holder of Registrable Securities hereunder be greater in amount than the dollar amount of the proceeds (net of payment of all taxes and
expenses incurred in connection therewith) received by such holder 

  
 14 

 
upon the sale of the Registrable Securities giving rise to such indemnification obligation. Such indemnity shall remain in full force and effect regardless of any investigation made by or on
behalf of such indemnified party. 
 (c) If any Person shall be entitled to indemnity hereunder (an “Indemnified
Party”), such Indemnified Party shall give prompt notice to the party or parties from which such indemnity is sought (the “Indemnifying Parties”) of the commencement of any action, suit, proceeding or investigation or
written threat thereof (a “Proceeding”) with respect to which such Indemnified Party seeks indemnification or contribution pursuant hereto; provided, that the failure to so notify the Indemnifying Parties shall not relieve
the Indemnifying Parties from any obligation or liability except to the extent that the Indemnifying Parties have been prejudiced by such failure. The Indemnifying Parties shall have the right, exercisable by giving written notice to an Indemnified
Party promptly after the receipt of written notice from such Indemnified Party of such Proceeding, to assume, at the Indemnifying Parties’ expense, the defense of any such Proceeding, with counsel reasonably satisfactory to such Indemnified
Party; provided, that an Indemnified Party (if more than one such Indemnified Party is named in any Proceeding) shall have the right to employ separate counsel in any such Proceeding and to participate in the defense thereof, but the fees and
expenses of such counsel shall be at the expense of such Indemnified Party or parties unless: (i) the Indemnifying Parties agree to pay such fees and expenses; (ii) the Indemnifying Parties fail promptly to assume the defense of such
Proceeding or fail to employ counsel reasonably satisfactory to such Indemnified Party or parties; or (iii) the named parties to any such Proceeding (including any impleaded parties) include both such Indemnified Party or parties and the
Indemnifying Parties or an Affiliate of the Indemnifying Parties or such Indemnified Parties, and there may be one or more defenses available to such Indemnified Party that are different from or additional to those available to the Indemnifying
Parties, in which case, if such Indemnified Party notifies the Indemnifying Parties in writing that it elects to employ separate counsel at the expense of the Indemnifying Parties; the Indemnifying Parties shall not have the right to assume the
defense thereof and such counsel shall be at the expense of the Indemnifying Parties, it being understood, however, that, unless there exists a conflict among Indemnified Parties, the Indemnifying Parties shall not, in connection with any one such
Proceeding or separate but substantially similar or related Proceedings in the same jurisdiction, arising out of the same general allegations or circumstances, be liable for the fees and expenses of more than one separate firm of attorneys (plus
appropriate local counsel) at any time for such Indemnified Party. Whether or not such defense is assumed by the Indemnifying Parties, such Indemnifying Parties or Indemnified Party shall not be subject to any liability for any settlement made
without its or their consent (but such consent shall not he unreasonably withheld or delayed). The Indemnifying Parties shall not consent to entry of any judgment or enter into any settlement which (x) provides for other than monetary damages
without the consent of the Indemnified Party (which consent shall not be unreasonably withheld or delayed) or (y) does not include as an unconditional term thereof the giving by the claimant or plaintiff to such Indemnified Party of a release,
in form and substance satisfactory to the Indemnified Party, from all liability in respect of such Proceeding for which such Indemnified Party would be entitled to indemnification hereunder. 

(d) If the indemnification provided for in this Section 3F is unavailable to an Indemnified Party or is insufficient to hold
such Indemnified Party harmless for any Losses in respect of which this Section 3F would otherwise apply by its terms, then each applicable 

  
 15 

 
Indemnifying Party, in lieu of indemnifying such Indemnified Party, shall have an obligation to contribute to the amount paid or payable by such Indemnified Party as a result of such Losses, in
such proportion as is appropriate to reflect the relative fault of the Indemnifying Party, on the one hand, and such Indemnified Party, on the other hand, in connection with the actions, statements or omissions that resulted in such Losses as well
as any other relevant equitable considerations. The relative fault of such Indemnifying Party, on the one hand, and Indemnified Party, on the other hand, shall be determined by reference to, among other things, whether any action in question,
including any untrue or alleged untrue statement of a material fact or omission or alleged omission to state a material fact, has been taken by, or relates to information supplied by, such Indemnifying Party or Indemnified Party, and the
parties’ relative intent, knowledge, access to information and opportunity to correct or prevent any such action, statement or omission. The amount paid or payable by a party as a result of any Losses shall be deemed to include any legal or
other fees or expenses incurred by such party in connection with any Proceeding, to the extent such party would have been indemnified for such expenses if the indemnification provided for in Section 3F(a) or 3F(b) was available to
such party. The parties hereto agree that it would not be just and equitable if contribution pursuant to this Section 3F(d) were determined by pro rata allocation or by any other method of allocation that does not take account of the
equitable considerations referred to in this Section 3F(d). Notwithstanding the provisions of this Section 3F(d), an Indemnifying Party that is a holder of Registrable Securities shall not be required to contribute any amount
in excess of the amount by which the net proceeds received by such Indemnifying Party exceeds the amount of any damages that such Indemnifying Party has otherwise been required to pay by reasons of such untrue or alleged untrue statement or omission
or alleged omission. No person guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the Securities Act) shall be entitled to contribution from any Person who was not guilty of such fraudulent misrepresentation.

 3G Rules 144 and 144A. The Company shall file the reports required to be filed by it under the Securities Act and the
Exchange Act and the rules and regulations promulgated thereunder and shall take such further action as any holder of Registrable Securities may reasonably request, all to the extent required from time to time to enable such holder to sell (subject
to any restrictions on Transfers hereunder) Registrable Securities without registration under the Securities Act within the limitation of the exemptions provided by Rule 144 and Rule 144A. Upon the request of any holder of Registrable Securities,
the Company shall deliver to such holder a written statement as to whether it has complied with such requirements. 
 3H
Underwritten Registrations. No holder of Registrable Securities may participate in any underwritten registration effected pursuant hereto unless such holder (a) agrees to sell such holder’s Registrable Securities on the basis
provided in any underwriting arrangements approved by the Persons entitled hereunder to approve such arrangements and (b) completes and executes all questionnaires, powers of attorney, indemnities, underwriting agreements and other documents
required under the terms of such underwriting arrangements. 
 3I No Inconsistent Agreements. 

(a) The Company has not and shall not enter into any agreement with respect to the Company’s securities that is inconsistent with
the rights granted to the holders of Registrable Securities in this Section 3 or otherwise conflicts with the provisions hereof. The 

  
 16 

 
Company represents and warrants that it is not a party to, or otherwise subject to, any other agreement granting registration rights to any other Person with respect to any Preferred Stock,
Common Stock or Common Stock Equivalents. Except as provided in this Agreement, the Company shall not grant Other Registration Rights to any Persons without the prior written consent of the Board. 

(b) Until the first date on which the Apax Holders cease to Beneficially Own ten percent (10%) or more of the voting power of the
Voting Stock, if the Company grants to any other holders of Common Stock any rights to request the Company to effect the registration under the Securities Act of any such shares of Common Stock or to be included in any registration under the
Securities Act on terms more favorable to such holders than the terms set forth in this Agreement, the terms of this Agreement shall be deemed amended or supplemented to the extent necessary to provide the Apax Holders such more favorable rights and
benefits. 
 4. Legend. 
 (a) Each certificate evidencing Stockholder Shares and each certificate issued in exchange for or upon the Transfer of any Stockholder Shares (if such shares remain Stockholder Shares after such Transfer)
shall be stamped or otherwise imprinted with a legend in substantially the following form: 
 “THE SECURITIES REPRESENTED BY
THIS CERTIFICATE WERE ORIGINALLY ISSUED ON [                    ], HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE
“ACT”), AND MAY NOT BE SOLD OR TRANSFERRED IN THE ABSENCE OF AN EFFECTIVE REGISTRATION STATEMENT UNDER THE ACT OR AN EXEMPTION FROM REGISTRATION THEREUNDER.” 
 The Company shall imprint such legend on certificates evidencing Stockholder Shares outstanding as of the date hereof. 
 (b) Unless waived by the Company, no Stockholder may Transfer any Stockholder Shares (except pursuant to an effective registration statement under the Securities Act) without first delivering to the
Company an opinion of counsel (if required by the Company) reasonably acceptable in form and substance to the Company (which counsel will be reasonably acceptable to the Company) that registration under the Securities Act is not required in
connection with such Transfer. If such opinion of counsel reasonably acceptable in form and substance to the Company further states that no subsequent Transfer of such Stockholder Shares will require registration under the Securities Act, the
Company will promptly upon such Transfer deliver new certificates for such securities which do not bear the Securities Act legend set forth in Section 4(a). 
 5. Matters Requiring Approval of the Apax Holders. Notwithstanding any other provision of this Agreement and until such time as the Apax Holders cease to Beneficially Own thirty-five percent
(35%) or more of the voting power of the Voting Stock, the Company and each of its Subsidiaries shall not, without the approval of the Apax Holders: 

  
 17 

 (a) elect, hire or terminate the chief executive officer; 

(b) enter into any agreement to effect, or publicly endorse or recommend any Change of Control; 

(c) initiate any liquidation, dissolution or winding up or other bankruptcy proceeding; 

(d) effect or enter into any agreement providing for, in a single transaction or a series of related transactions, the acquisition or
divestiture of assets for aggregate consideration in excess of $100 million; 
 (e) issue, in a single transaction or a series
of related transactions, equity securities for an aggregate consideration in excess of $100 million; and 
 (f) declare any
extraordinary dividends or make any pro rata share repurchases. 
 6. Definitions. As used in this Agreement, the
following terms shall have the meanings ascribed to them in this Section 6: 
 “Affiliate” or
“Affiliates” of any Person means any other Person, directly or indirectly controlling, controlled by or under common control with such Person and any partner, member or equityholder of such Person, where “control” means
the possession, directly or indirectly, of the power to direct the management and policies of a Person whether through the ownership of voting securities, by contract or otherwise. 

“Agreement” has the meaning set forth in the preamble hereto. 

“Apax” means (a) Ben S.à r.l.; (b) Apax US VII, L.P., Apax Europe VII-A, L.P., Apax Europe VII-B, L.P.,
Apax Europe VII-1, L.P., and any investment fund sponsored by the same manager or advisor of any such Person and any parallel funds of such Persons; (c) any Affiliate of such investment fund; (d) any investment fund advised by employees of
the entities listed in clause (b) and (c); (e) the general partner or manager of any investment fund described in clause (b), (c), or (d) above; and (f) each of the partners, directors, officers, employees, members or
equityholders of any Person described in clause (b), (c), (d) or (e) above. 
 “Apax Directors” has
the meaning set forth in Section 1(a). 
 “Apax Holders” means any of Ben S.à r.l. or any of
its Permitted Transferees. 
 “Apax Majority Holders” means the holders of at least a majority of the
outstanding shares of Common Stock included in the Apax Shares. 
 “Apax Requesting Holders” means the Apax
Majority Holders requesting registration of Registrable Securities pursuant to Section 3A(a). 

  
 18 

 “Apax Shares” means all Stockholder Shares issued or issuable to any Apax
Holder, whether upon exercise of any preemptive rights or otherwise. 
 “Ben S.à r.l.” has the meaning
set forth in the preamble hereto. 
 “Beneficially Own” means any direct or indirect, collective beneficial
ownership (as such term is defined in Rule 16a-1(a)(2) promulgated by the Securities and Exchange Commission under the Securities Exchange Act of 1934, as amended). 
 “Board” has the meaning set forth in the recitals hereto. 

“Business Day” means any calendar day other than Saturday, Sunday or other day on which commercial banks in New York,
New York are authorized or required to close. 
 “Certificate of Incorporation” means the Second Amended and
Restated Certificate of Incorporation of the Company, as amended, restated or otherwise modified from time to time. 

“Change of Control” means: 
 (a) The sale of all or substantially all of the assets of the Company to any Person (or group of Persons acting in concert) in one or more series of related transactions; 

(b) any Person, other than the Apax Holders, Beneficially Owns more than fifty percent (50%) of the total voting power of the Voting
Stock; provided, however, that a transaction in which the Company becomes a wholly owned Subsidiary of another Person (other than a Person that is an individual) shall not constitute a Change of Control if: 

(i) the stockholders of the Company immediately prior to such transaction Beneficially Own more than fifty percent
(50%) of the voting power of the outstanding voting stock of such Person immediately following the consummation of such transaction; and 
 (ii) immediately following the consummation of such transaction, no Person, other than such other Person of which the Company is a wholly owned Subsidiary or Apax Holders, Beneficially Owns more than
fifty percent (50%) of the voting power of the Voting Stock; or 
 (c) individuals who on the date of the consummation of
the IPO constituted the Board, together with any new directors whose election by the Board or whose nomination for election by the stockholders of the Company was approved by a majority of the directors then still in office who were either directors
or whose election or nomination for election was previously so approved, cease for any reason to constitute a majority of the Board then in office. 
 “Common Stock” means the Common Stock, par value $0.01 per share, of the Company. 

  
 19 

 “Common Stock Equivalents” means (without duplication with any Common Stock
or other Common Stock Equivalents) rights, warrants, options, convertible securities, or exchangeable securities or indebtedness, or other rights, exercisable for or convertible or exchangeable into, directly or indirectly, Common Stock or
securities exercisable for or convertible or exchangeable into Common Stock, whether at the time of issuance or upon the passage of time or the occurrence of some future event. 

“Company” has the meaning set forth in the preamble hereto. 

“Covered Person” has the meaning set forth in Section 3F(a). 

“Demand Registration” has the meaning set forth in Section 3A(a). 

“Demand Right” has the meaning set forth in Section 3A(a). 

“DGCL” means the General Corporation Law of the State of Delaware, 8 Del. C § 101 et. seq.

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

“Family” means, with respect to any Stockholder that is a natural person, such Stockholder’s spouse, former spouse,
descendants (whether natural or adopted), parents and siblings and their descendents and any trust, family limited partnership or other similar entity established solely for the benefit of such person or such person’s spouse, descendants
(whether natural or adopted), parents or siblings. 
 “GAAP” means generally accepted accounting principles in
the United States of America as in effect from time to time, consistently applied throughout the applicable periods both as to classification of items and amounts. 
 “Holdings” has the meaning set forth in the recitals hereto. 

“Indemnified Party” has the meaning set forth in Section 3F(c). 

“Indemnifying Parties” has the meaning set forth in Section 3F(c). 

“Inspectors” has the meaning set forth in Section 3D(f). 

“IPO” has the meaning set forth in the recitals hereto. 

“Law” means any federal, state, local or foreign law, rule, or regulation. 

“Losses” has the meaning set forth in Section 3F(a). 

“Majority Holders” means the Stockholders holding a majority of the outstanding shares of Common Stock. 

“Management Holders” has the meaning set forth in the preamble hereto. 

  
 20 

 “Merger” has the meaning set forth in the recitals hereto. 

“Morse Holder” means Peter C. Morse for as long as he or his Permitted Transferees hold Registrable Securities.

 “Other Holders” has the meaning set forth in the preamble hereto. 

“Other Investor Shares” means all Stockholder Shares issued or issuable to any Other Investor, whether upon the exercise
of any Common Stock Equivalents, preemptive rights or otherwise. 
 “Other Investors” means any of the Other
Holders or any of its Permitted Transferees. 
 “Other Registration Rights” has the meaning set forth in
Section 3A(a). 
 “Permitted Transferee” means (i) in the case of any Stockholder who is a
natural person or a grantor retained annuity trust, (A) pursuant to applicable laws of descent and distribution or to or among members of such Stockholder’s or grantor’s Family (provided, that in the case of a Transfer by a
Stockholder to a member of his Family, such Stockholder retains the right to vote and direct the disposition of such Stockholder Shares) or (B) for estate planning purposes or (ii) in the case of any Apax Holder, (A) to any of its
Affiliates, (B) to any person included in the definition of “Apax” or the limited partners or shareholders thereof or (C) to any other Transferee of shares of Common Stock transferred by the Apax Holders or their respective
Affiliates or with respect to each of (A), (B) and (C), any subsequent Transferees thereof (in each case, other than pursuant to a widely distributed public sale and other than any Person that acquires Common Stock in an open market purchase)
and, in each case, that execute a joinder to this Agreement substantially in the form attached as Exhibit A hereto. 

“Person” means an individual, a partnership, a corporation, a limited liability company, an association, a joint stock
company, a trust, a joint venture, an unincorporated organization or other entity and a governmental entity or any department, agency or political subdivision thereof. 
 “Piggyback Registration” has the meaning set forth in Section 3B(a). 
 “Preferred Stock” means preferred stock of the Company, if any. 

“Priority Right” has the meaning set forth in Section 3A(c). 

“Proceeding” has the meaning set forth in Section 3F(c). 

“Public Offering” means any offering by the Company of its capital stock or equity securities to the public pursuant to
an effective registration statement under the Securities Act; provided that a Public Offering shall not include an offering made in connection with a business acquisition or combination or an employee benefit plan. 

“Public Sale” means any sale of Stockholder Shares pursuant to a Public Offering or a Rule 144 Sale. 

  
 21 

 “Records” has the meaning set forth in Section 3D(f).

 “Registrable Securities” means for any Stockholder (a) any shares of Common Stock held by such
Stockholder, (b) any shares of Common Stock issued or issuable upon the exercise, conversion or exchange of all Common Stock Equivalents held by such Stockholder, and (c) any securities issued in respect of the securities described in
clauses (a) and (b) above by way of a stock or other equity split or combination, or stock or other equity dividend, or in connection with a merger, consolidation, conversion, business combination, recapitalization,
reclassification or reorganization; provided, that except as otherwise provided herein, with respect to any Common Stock that are subject to vesting requirements, such Common Stock shall be Registrable Securities only to the extent that such
Common Stock are fully vested. As to any particular Registrable Securities, such securities shall cease to be Registrable Securities when they have been (i) Transferred in a Public Sale or (ii) otherwise Transferred to any Person other
than a Permitted Transferee. Notwithstanding the foregoing, the Company shall not be required to register any securities other than shares of its Common Stock. 
 “Registration” means the registration of Registrable Securities pursuant to a Registration Statement filed pursuant to Section 3. 

“Registration Notice” has the meaning set forth in Section 3A(a). 

“Registration Request” has the meaning set forth in Section 3A(a). 

“Registration Statement” means any registration statement of the Company filed with the SEC pursuant to the Securities
Act (other than a registration statement on Form S-4 or Form S-8 or any similar or successor form), including the prospectus, amendments and supplements to such registration statement, including post-effective amendments, all exhibits, and all
material incorporated by reference or deemed to be incorporated by reference in such registration statement. 
 “Rule
144 Sale” means a sale of Stockholder Shares to the public through a broker, dealer or market-maker pursuant to the provisions of Rule 144 (other than Rule 144(k) prior to a Public Offering) adopted under the Securities Act (or any
successor rule or regulation). 
 “Schedule of Investors” has the meaning set forth in the preamble hereto.

 “SEC” means the United States Securities and Exchange Commission. 

“Selling Stockholders” has the meaning set forth in the recitals hereto. 

“Securities Act” means the Securities Act of 1933, as amended from time to time. 

“shelf registration statement” has the meaning set forth in Section 3A(g). 

“Stockholder” means, collectively, the Apax Holders and the Other Investors. 

“Stockholder Shares” means (a) any capital stock of the Company purchased or otherwise acquired by any Stockholder,
and (b) any securities issued or issuable directly or 

  
 22 

 
indirectly with respect to any of the securities described in clause (a) above, in each case, by way of stock dividend or other distribution or stock split, or in connection with a
combination of shares, recapitalization, merger, consolidation or other reorganization. As to any particular shares constituting Stockholder Shares, such shares shall cease to be Stockholder Shares when they have been acquired by the Company or sold
pursuant to a Public Sale. 
 “Sub Board” has the meaning set forth in Section 1(a). 

“Subsidiary” or “Subsidiaries” means, with respect to any Person, any corporation, limited liability
company, partnership, association or other business entity of which (i) if a corporation, a majority of the total voting power of shares of stock entitled (without regard to the occurrence of any contingency) to vote in the election of
directors, managers or trustees thereof is at the time owned or controlled, directly or indirectly, by that Person or one or more of the other Subsidiaries of that Person or a combination thereof, or (ii) if a limited liability company,
partnership, association or other business entity, a majority of the limited liability company, partnership or other similar ownership interest thereof is at the time owned or controlled, directly or indirectly, by any Person or one or more
Subsidiaries of that Person or a combination thereof. For purposes hereof, a Person or Persons shall be deemed to have a majority ownership interest in a limited liability company, partnership, association or other business entity if such Person or
Persons shall be allocated a majority of limited liability company, partnership, association or other business entity gains or losses or shall be or control the managing director or general partner of such limited liability company, partnership,
association or other business entity. 
 “Transfer” means any direct or indirect sale, transfer, assignment,
pledge, mortgage, encumbrance, grant of a security interest in, or other disposition (whether with or without consideration and whether voluntarily or involuntarily or by operation of Law) including any derivative transaction that has the effect of
changing materially the economic benefits and risks of ownership (and “Transferee,” “Transferor” and any other derivation thereof shall have correlative meanings). 

“Voting Stock” has the meaning set forth in Section 1(a). 

“WKSI” has the meaning set forth in Section 3A(g). 

7. Notices. All notices, demands or other communications to be given or delivered under or by reason of the provisions of this
Agreement shall be in writing and shall be deemed to have been given or made when (a) delivered personally to the recipient, (b) sent by facsimile to the recipient (with hard copy sent to the recipient by reputable overnight courier
service (charges prepaid) that same day) if sent by facsimile before 5:00 p.m. New York time on a Business Day, and otherwise on the next Business Day, or (c) one (1) Business Day after being sent to the recipient by reputable overnight
courier service (charges prepaid). Such notices, demands and other communications shall be sent to the Company at the address set forth below and to any other recipient at the address indicated on the schedules hereto and to any subsequent holder of
Stockholder Shares subject to this Agreement at such address as indicated by the Company’s records, or at such address or to the attention of such other person as the recipient 

  
 23 

 
party has specified by prior written notice to the sending party. Any notice to the Company shall be made at the following address: 

To the Company: 
 Bankrate, Inc. 
 11760 U.S. Highway One, Suite 200 

North Palm Beach, Florida 33408 
 Attention: Edward J. DiMaria 
 Facsimile No.: (917) 368-8611 

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

Wachtell, Lipton, Rosen & Katz 
 51 West 52nd
Street 
 New York, New York 10019 
 Attention: Edward D. Herlihy 

         Benjamin M. Roth 

Facsimile No.: (212) 403-2000 
 or such other address or to the attention of such other person as the recipient party shall have specified by prior written notice to the sending party. 

8. Termination. This Agreement shall terminate on the date on which each and any of the Stockholders cease to Beneficially Own any
Registrable Securities. 
 9. Severability. Whenever possible, each provision of this Agreement shall be interpreted in
such manner as to be effective and valid under applicable Law, but if any provision of this Agreement is held to be invalid, illegal or unenforceable in any respect under any applicable Law or rule in any jurisdiction, such invalidity, illegality or
unenforceability shall not affect any other provision or any other jurisdiction, and this Agreement shall be reformed, construed and enforced in such jurisdiction as if such invalid, illegal or unenforceable provision had never been contained
herein. 
 10. Complete Agreement. This Agreement embodies the complete agreement and understanding among the parties
hereto with respect to the subject matter hereof and supersede and preempt any prior understandings, agreements or representations by or among the parties, written or oral, which may have related to the subject matter hereof in any way. In the event
of any conflict between the provisions of this Agreement and the provisions of the Certificate of Incorporation or Bylaws, the provisions of this Agreement prevail to the extent permitted by law. 

11. Counterparts. This Agreement may be executed in separate counterparts, each of which shall be an original and all of which
taken together shall constitute one and the same agreement. 

  
 24 

 12. Successors and Assigns. This Agreement shall be binding upon and inure to the
benefit of and be enforceable by the parties hereto and their respective successors and assigns (including any subsequent holders of Stockholder Shares and the respective permitted successors and assigns of each of them); provided, that
Section 3F shall continue to apply with respect to any of the Stockholder Shares that were sold, assigned or transferred pursuant to the registration rights granted under Section 3. The Apax Holders shall be entitled to
assign all or any portion of their rights hereunder to any Permitted Transferee. 
 13. Remedies. The Company and the
Stockholders shall be entitled to enforce their rights under this Agreement specifically, to recover damages and costs (including reasonable attorneys’ fees) caused by any breach of any provision of this Agreement and to exercise all other
rights existing in their favor. The parties hereto agree and acknowledge that money damages would not be an adequate remedy for any breach of the provisions of this Agreement and that, in addition to any other rights and remedies at Law or in equity
existing in its favor, the Company shall be entitled to specific performance and/or other injunctive relief from any court of law or equity of competent jurisdiction (without posting any bond or other security) in order to enforce or prevent
violation of the provisions of this Agreement. 
 14. Descriptive Headings. The descriptive headings of this Agreement
are inserted for convenience only and do not constitute a part of this Agreement. 
 15. Amendment and Waiver. Except as
otherwise provided herein, no modification, amendment or waiver of any provision of this Agreement shall be effective against the Company or the Stockholders unless such modification, amendment or waiver is approved in writing by the Company and the
Apax Majority Holders. Notwithstanding the foregoing, if any amendment, modification or waiver of any provision of this Agreement would materially adversely affect the rights of a Stockholder in a manner disproportionate to the other Stockholders
holding the same class of Stockholder Shares, or impose any additional obligation of any type on any Stockholder (except as may be required by Law or Exchange Act requirements) then such amendment, modification or waiver shall also require the prior
written consent of such Stockholder. The failure of any party to enforce any of the provisions of this Agreement shall in no way be construed as a waiver of such provisions and shall not affect the right of such party thereafter to enforce each and
every provision of this Agreement in accordance with its terms. 
 16. Delivery by Facsimile and Electronically. This
Agreement and any signed agreement or instrument entered into in connection thereto or contemplated thereby, and any amendments hereto or thereto, to the extent signed and delivered by means of a facsimile machine or email, shall be treated in all
manner and respects as an original agreement or instrument and shall be considered to have the same binding legal effect as if it were the original signed version thereof delivered in person. At the request of any party hereto or to any such
agreement or instrument, each other party hereto or thereto shall re execute original forms thereof and deliver them to all other parties. No party hereto or to any such agreement or instrument shall raise the use of a facsimile machine or email to
deliver a signature or the fact that any signature or agreement or instrument was transmitted or communicated through the use 

  
 25 

 
of a facsimile machine or email as a defense to the formation of a contract and each such party forever waives any such defense. 

17. WAIVER OF JURY TRIAL. EACH OF THE PARTIES TO THIS AGREEMENT HEREBY WAIVES, TO THE FULLEST EXTENT PERMITTED BY LAW, ANY RIGHT
TO TRIAL BY JURY OF ANY CLAIM, DEMAND, ACTION, OR CAUSE OF ACTION (I) ARISING UNDER THIS AGREEMENT OR (II) IN ANY WAY CONNECTED WITH OR RELATED OR INCIDENTAL TO THE DEALINGS OF THE PARTIES HERETO IN RESPECT OF THIS AGREEMENT OR ANY OF THE
TRANSACTIONS RELATED HERETO, IN EACH CASE WHETHER NOW EXISTING OR HEREAFTER ARISING, AND WHETHER IN CONTRACT, TORT, EQUITY, OR OTHERWISE. THE PARTIES TO THIS AGREEMENT EACH HEREBY AGREES AND CONSENTS THAT ANY SUCH CLAIM, DEMAND, ACTION, OR CAUSE OF
ACTION SHALL BE DECIDED BY COURT TRIAL WITHOUT A JURY AND THAT THE PARTIES TO THIS AGREEMENT MAY FILE AN ORIGINAL COUNTERPART OF A COPY OF THIS AGREEMENT WITH ANY COURT AS WRITTEN EVIDENCE OF THE CONSENT OF THE PARTIES HERETO TO THE WAIVER OF THEIR
RIGHT TO TRIAL BY JURY. 
 18. Applicable Law. This Agreement shall be governed by, and construed in accordance with, the
laws of the State of Delaware, without giving effect to any choice of law or conflict of law rules or provisions (whether of the State of Delaware or any other jurisdiction) that would cause the application of the Laws of any jurisdiction other than
the State of Delaware. Any dispute relating hereto shall be heard solely and exclusively in the Court of Chancery of the State of Delaware or, if and only if the Court of Chancery of the State of Delaware dismisses any such action for lack of
subject matter jurisdiction, in another state court sitting in the State of Delaware, and the parties agree to jurisdiction and venue therein. 
 22. Further Assurances. From time to time following the date hereof, the parties hereto shall execute and deliver such other instruments of assignment, transfer and delivery and shall take such
other actions as any other party hereto reasonably may request in order to consummate, complete and carry out the transactions contemplated by this Agreement. 
 23. No Third Party Beneficiaries. There are no third party beneficiaries of this Agreement and nothing in this Agreement, express or implied, is intended to confer on any Person other than the
parties hereto other than their respective successors, heirs and assigns, any rights, remedies, obligations or liabilities. 

24. Time of the Essence. Time is of the essence for each and every provision of this Agreement. Whenever the last day for the
exercise of any privilege or the discharge or any duty hereunder shall fall upon a Saturday, Sunday, or any date on which banks in New York City, New York are authorized to be closed, the party having such privilege or duty may exercise such
privilege or discharge such duty on the next succeeding day which is a regular business day. 
 25. Instructions of Apax
Holders. For any right or action to be exercised or taken by the Apax Holders hereunder, including the rights to nominate directors pursuant to Section 1, the Company will take directions from, and will be entitled to rely upon, any
instructions provided by Ben Holding S.à r.l.; provided that, following such time as Ben Holding 

  
 26 

 
S.à r.l. has assigned any of its rights hereunder pursuant to Section 12 to any Person falling within clause (ii)(C) of the definition of Permitted Transferee, then any such right or
action will be exercised or taken by, and the Company will take direction from (and only from), and will be entitled to rely upon, any instruction provided by the Apax Majority Holders or as otherwise agreed by the Apax Holders and as notified to
the Company in writing. 
 [END OF PAGE] 
 [SIGNATURE PAGES FOLLOW] 

  
 27 

 IN WITNESS WHEREOF, the parties hereto have executed this Fourth Amended and Restated
Stockholders Agreement on the day and year first above written. 
  

			
	BANKRATE, INC.
		
	By:	 	  

		 	Name:
		 	Title:

  
 28 

 
					
	BEN HOLDING S.À R.L.
		
	By:	 	  

		 	Name:	 	
		 	Title:	 	Class A director
		 		 	(gérant de classe A)
		
	By:	 	  

		 	Name:	 	
		 	Title:	 	Class B director
		 		 	(gérant de classe B)

  
 29 

 
	
	  

	PETER C. MORSE

  
 30 

 
	
	  

	THOMAS R. EVANS

  
 31 

 
	
	  

	EDWARD J. DiMARIA

  
 32 

 
	
	  

	DANIEL P. HOOGTERP

  
 33 

 
	
	  

	MICHAEL RICCIARDELLI

  
 34 

 
	
	  

	DONALDSON M. ROSS

  
 35 

 
	
	  

	SETH BRODY

  
 36 

 
	
	  

	JEFFERY BOYD

  
 37 

 
	
	  

	CHRISTIAN STAHL

  
 38 

 
	
	  

	MITCH TRUWIT

  
 39 

 EXHIBIT A 
 FORM OF JOINDER TO 
 STOCKHOLDERS AGREEMENT 

This JOINDER (the “Joinder”) to the Fourth Amended and Restated Stockholders Agreement, dated as of [—], 2011 by and among Bankrate, Inc., a Delaware corporation (the “Company”), Ben Holding S.à r.l., and certain stockholders of the Company (the “Agreement”), is
made and entered into as of                              by and between the Company and
                             (“Holder”). Capitalized terms used but not otherwise
defined herein shall have the meanings set forth in the Agreement. 
 WHEREAS, Holder has acquired certain shares of
[Preferred Stock/Common Stock] (“Holder Shares”), and the Agreement and the Company requires Holder, as a holder of such [Preferred Stock/Common Stock], to become a party to the Agreement, and Holder agrees to do so in
accordance with the terms hereof. 
 NOW, THEREFORE, in consideration of the mutual covenants contained herein and other good
and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties to this Joinder hereby agree as follows: 
 1. Agreement to be Bound. Holder hereby agrees that upon execution of this Joinder, it shall become a party to the Agreement and shall be fully bound by, subject to, and entitled to the rights
provided by, all of the covenants, terms and conditions of the Agreement as though an original party thereto and shall be deemed an [Apax/Other Investor] for all purposes thereof. In addition, Holder hereby agrees that all Holder Shares shall
be deemed [Apax/Other Investor] Shares for all purposes of the Agreement. 
 2. Notices. For purposes of
Section 7 of the Agreement, all notices, demands or other communications to the Holder shall be directed to: 
  

					
	  
	 	
	  
	 	
	  
	 	
	Tel:	 	  
	 	
	Fax:	 	  
	 	

 3. Successors and Assigns. Except as otherwise provided in the Agreement, this Joinder shall
bind and inure to the benefit of and be enforceable by the Company and its successors and assigns and the Holder and any subsequent holders of Holder Shares and the respective permitted successors and assigns of each of them, so long as they hold
Holder Shares; provided, that Section 3F of the Agreement shall continue to apply with respect to any of the Holder Shares that were sold, assigned or transferred pursuant to the registration rights granted under
Section 3 of the Agreement. 

  
 40 

 4. Counterparts. This Joinder may be executed in multiple counterparts, each of which
shall be an original and all of which taken together shall constitute one and the same agreement. 
 5. WAIVER OF JURY
TRIAL. EACH OF THE PARTIES HERETO HEREBY WAIVES, TO THE FULLEST EXTENT PERMITTED BY LAW, ANY RIGHT TO TRIAL BY JURY OF ANY CLAIM, DEMAND, ACTION, OR CAUSE OF ACTION (I) ARISING UNDER THIS JOINDER OR (II) IN ANY WAY CONNECTED WITH OR RELATED
OR INCIDENTAL TO THE DEALINGS OF THE PARTIES HERETO IN RESPECT OF THIS JOINDER OR ANY OF THE TRANSACTIONS RELATED HERETO, IN EACH CASE WHETHER NOW EXISTING OR HEREAFTER ARISING, AND WHETHER IN CONTRACT, TORT, EQUITY, OR OTHERWISE. THE PARTIES HERETO
EACH HEREBY AGREES AND CONSENTS THAT ANY SUCH CLAIM, DEMAND, ACTION, OR CAUSE OF ACTION SHALL BE DECIDED BY COURT TRIAL WITHOUT A JURY AND THAT THE PARTIES HERETO MAY FILE AN ORIGINAL COUNTERPART OF A COPY OF THIS JOINDER WITH ANY COURT AS WRITTEN
EVIDENCE OF THE CONSENT OF THE PARTIES HERETO TO THE WAIVER OF THEIR RIGHT TO TRIAL BY JURY. 
 6. Applicable Law. This
Joinder shall be governed by, and construed in accordance with, the laws of the State of Delaware, without giving effect to any choice of law or conflict of law rules or provisions (whether of the State of Delaware or any other jurisdiction) that
would cause the application of the Laws of any jurisdiction other than the State of Delaware. Any dispute relating hereto shall be heard solely and exclusively in the Court of Chancery of the State of Delaware or, if and only if the Court of
Chancery of the State of Delaware dismisses any such action for lack of subject matter jurisdiction, in another state court sitting in the State of Delaware, and the parties agree to jurisdiction and venue therein. 

7. Descriptive Headings. The descriptive headings of this Agreement are inserted for convenience only and do not constitute a part
of this Agreement. 

*      *      *      *    
  * 

  
 41 

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

			
	COMPANY:
	
	BANKRATE, INC.
		
	By:	 	  

		 	Name:
		 	Its:
	
	HOLDER:
		
	By:	 	  

		 	Name:
		 	Title:Form of Bankrate, Inc. 2011 Equity Compensation Plan

 Exhibit 10.20 
 FORM OF 
 BANKRATE, INC. 

2011 EQUITY COMPENSATION PLAN 

	 	1.	Defined Terms 

Exhibit A, which is incorporated by reference, defines the terms used in the Plan and sets forth certain operational rules related to
those terms. 
  

	 	2.	Purpose 

 The Plan
is established as of [—], 2011, (“Effective Date”) to provide for the grant to Participants of Awards. Awards granted under any other or prior equity compensation or comparable plan shall
be unaffected by this Plan. 
  

	 	3.	Administration 

The Administrator has discretionary authority, subject only to the express provisions of the Plan, to: 

 

	 	(a)	interpret the Plan; 

  

	 	(b)	determine eligibility for and grant Awards; 

  

	 	(c)	determine, modify or waive the terms and conditions of any Award; 

  

	 	(d)	prescribe forms, rules and procedures; and 

  

	 	(e)	otherwise do all things necessary to carry out the purposes of the Plan. 

 In the case of any Award intended to be eligible for the performance-based compensation exception under Section 162(m), if applicable, the Administrator will exercise its discretion consistent with
qualifying the Award for that exception. Determinations of the Administrator made under the Plan will be conclusive and will bind all parties. 
  

	 	4.	Limits on Awards Under the Plan 

 (a) Number of Shares. A maximum of [—] shares of Stock may be delivered in satisfaction of Awards under the Plan. The number of shares of Stock
delivered in satisfaction of Awards shall, for purposes of the preceding sentence, be determined net of (i) shares of Stock withheld by the Company in payment of the exercise price of the Award, (ii) shares of Stock withheld in
satisfaction of tax withholding requirements with respect to the Award, and (iii) shares that are forfeited to the Company without consideration. To the extent consistent with applicable legal requirements (including applicable stock exchange
requirements), Stock issued under awards of an acquired company that are converted, replaced, or adjusted in connection with the acquisition shall not reduce the number of shares available for Awards under the Plan. 

 (b) Type of Shares. Stock delivered by the Company under the Plan may
be authorized but unissued Stock or previously issued Stock acquired by the Company. No fractional shares of Stock will be delivered under the Plan. 
 (c) Section 162(m) Limits. From and after such time as the Plan is subject to Section 162(m), (i) the maximum number of shares of Stock for which Stock Options or SARs may be granted
to any person in any calendar year will be [—], (ii) the maximum number of shares of Stock subject to other Awards granted to any person in any calendar year that are intended to qualify as
Qualified Performance-Based Awards will be [—] shares of Stock, and (iii) the maximum amount payable to any person in any year pursuant to Cash Awards that are intended to qualify as Qualified
Performance-Based Awards will be $[—]. To the extent applicable, the foregoing provisions will be construed in a manner consistent with Section 162(m). 

 

	 	5.	Eligibility and Participation 

 The Administrator will select Participants from among those Employees and directors of, and consultants and advisors to, the Company or its Affiliates who, in the opinion of the Administrator, are in a
position to make a significant contribution to the success of the Company and its Affiliates; provided, that, subject to such express exceptions, if any, as the Administrator may establish, eligibility shall be further limited to those
persons as to whom the use of a Form S-8 registration statement is permissible. 
  

	 	6.	Rules Applicable to Awards  

 (a) All Awards. 
 (i) Award Provisions. The
Administrator will determine the terms of all Awards, subject to the limitations provided herein. Notwithstanding any provision of this Plan to the contrary, awards of an acquired company that are converted, replaced or adjusted in connection with
the acquisition may contain terms and conditions that are inconsistent with the terms and conditions specified herein, as determined by the Administrator. 
 (ii) Term of Plan. No Awards may be made after the tenth (10th) anniversary of the Effective Date, but previously granted Awards may continue beyond that date in accordance with their terms.

 (iii) Transferability. Except as the Administrator otherwise expressly provides in accordance with the
second sentence of this Section 6(a)(iii), no Awards may be transferred other than by will or by the laws of descent and distribution (and, except as the Administrator otherwise expressly provides in accordance with the second sentence of this
Section 6(a)(iii), Awards requiring exercise may be exercised only by the Participant). The Administrator may permit Awards to be transferred by gift, subject to such limitations as the Administrator may impose. 

  
 -2-

 (iv) Vesting and Exercisability. The Administrator may determine the
time or times at which an Award will vest or become exercisable and the terms on which an Award requiring exercise will remain exercisable. Without limiting the foregoing, the Administrator may at any time accelerate the vesting or exercisability of
an Award, regardless of any adverse or potentially adverse tax consequences resulting from such acceleration. Unless the Administrator expressly provides otherwise, however, the following rules will apply: immediately upon the cessation of the
Participant’s Employment, each Award requiring exercise that is then held by the Participant or by the Participant’s permitted transferees, if any, will cease to be exercisable and will terminate, and all other Awards that are then held by
the Participant or by the Participant’s permitted transferees, if any, to the extent not already vested will be forfeited, except that: 
 (A) subject to (B) and (C) below, all Stock Options and SARs held by the Participant or the Participant’s permitted transferees, if any, immediately prior to the cessation of the
Participant’s Employment, to the extent then exercisable, will remain exercisable for the lesser of (x) a period of three months or (y) the period ending on the latest date on which such Stock Option or SAR could have been exercised
without regard to this Section 6(a)(iv), and will thereupon terminate; 
 (B) all Stock Options and SARs
held by a Participant or the Participant’s permitted transferees, if any, immediately prior to the Participant’s death or termination from Employment by reason of Disability, to the extent then exercisable, will remain exercisable for the
lesser of (x) the one-year period ending with the first anniversary of the Participant’s death or termination from Employment by reason of Disability or (y) the period ending on the latest date on which such Stock Option or SAR could
have been exercised without regard to this Section 6(a)(iv), and will thereupon terminate; and 
 (C) all
Stock Options and SARs held by a Participant or the Participant’s permitted transferees, if any, immediately prior to the cessation of the Participant’s Employment will immediately terminate upon such cessation if the Administrator in its
sole discretion determines that such cessation of Employment has resulted from conduct constituting Cause for Termination. 
 (v) Taxes. The Administrator will make such provision for the withholding of taxes as it deems necessary. The Administrator may, but need not, hold back shares of Stock from an Award or permit a
Participant to tender previously owned shares of Stock in satisfaction of tax withholding requirements (but not in excess of the minimum withholding required by law). 

  
 -3-

 (vi) Dividend Equivalents, etc. The Administrator may provide for the
payment of amounts in lieu of cash dividends or other cash distributions with respect to Stock subject to an Award. The Administrator may also provide that any dividends or amounts relating to dividends shall be held subject to the vesting of the
underlying Award and shall be distributed at the same time as the payment or settlement of the underlying Award. Any entitlement to dividend equivalents or similar entitlements shall be established and administered consistent either with exemption
from, or compliance with, the requirements of Section 409A. 
 (vii) Rights Limited. Nothing in the
Plan will be construed as giving any person the right to continued employment or service with the Company or its Affiliates, or any rights as a shareholder except as to shares of Stock actually issued under the Plan. The loss of existing or
potential profit in Awards will not constitute an element of damages in the event of termination of Employment for any reason, even if the termination is in violation of an obligation of the Company or any Affiliate to the Participant. 

(viii) Section 162(m). From and after such time as the Plan becomes subject to Section 162(m), this
Section 6(a)(viii) will apply to any Performance Award intended to qualify as performance-based for the purposes of Section 162(m) other than a Stock Option or SAR. In the case of any Performance Award to which this Section 6(a)(viii)
applies, the Plan and such Award will be construed to the maximum extent permitted by law in a manner consistent with qualifying the Award for such exception. With respect to such Performance Awards, the Administrator will pre-establish, in writing,
one or more specific Performance Criteria no later than 90 days after the commencement of the period of service to which the performance relates (or at such earlier time as is required to qualify the Award as performance-based under
Section 162(m)). Prior to the grant, vesting or payment of the Performance Award, as the case may be, the Administrator will certify whether the applicable Performance Criteria have been attained and such determination will be final and
conclusive. 
 (ix) Coordination with Other Plans. Awards under the Plan may be granted in tandem with, or
in satisfaction of or substitution for, other Awards under the Plan or awards made under other compensatory plans or programs of the Company or its Affiliates. For example, but without limiting the generality of the foregoing, awards under other
compensatory plans or programs of the Company or its Affiliates may be settled in Stock (including, without limitation, Unrestricted Stock) if the Administrator so determines, in which case the shares of Stock delivered shall be treated as awarded
under the Plan (and shall reduce the number of shares of Stock thereafter available under the Plan in accordance with the rules set forth in Section 4). In any case where an award is made under another plan or program of the Company or its
Affiliates and such award is intended to qualify for the performance-based compensation exception under Section 162(m), and such award is settled by the delivery of Stock or another Award under the Plan, the applicable Section 162(m)
limitations under 

  
 -4-

 
both the other plan or program and under the Plan shall be applied to the Plan as necessary (as determined by the Administrator) to preserve the availability of the Section 162(m)
performance-based compensation exception with respect thereto. 
 (x) Section 409A. Each Award shall
contain such terms as the Administrator determines, and shall be construed and administered, such that the Award either (i) qualifies for an exemption from the requirements of Section 409A, or (ii) satisfies such requirements. If any
payment or settlement of an Award pursuant to the terms of this Plan or of such Award would subject a Participant to tax under Section 409A, the Company may, without Participant consent, modify the Plan or applicable Award in the least
restrictive manner necessary to comply with Section 409A without any material diminution in the value of the payments or settlement to an affected Participant. Notwithstanding any other provision of this Plan, the Company will administer the
Plan and modify the Plan or applicable Award agreements in a manner intended to comply with Section 409A; provided that neither the Company or any of its employees or representatives shall have any liability to a Participant or the
beneficiaries with respect thereto. 
 (xi) Certain Requirements of Corporate Law. Awards shall be granted
and administered consistent with the requirements of applicable Florida law relating to the issuance of stock and the consideration to be received therefor, and with the applicable requirements of the stock exchanges or other trading systems on
which the Stock is listed or entered for trading, in each case as determined by the Administrator. 
 (b)
Awards Requiring Exercise. 
 (i) Time and Manner of Exercise. Unless the Administrator expressly
provides otherwise, an Award requiring exercise by the holder will not be deemed to have been exercised until the Administrator receives a notice of exercise (in form acceptable to the Administrator) signed by the appropriate person and accompanied
by any payment required under the Award. If the Award is exercised by any person other than the Participant, the Administrator may require satisfactory evidence that the person exercising the Award has the right to do so. 

(ii) Exercise Price. The exercise price (or in the case of a SAR, the base value from which appreciation is to be
measured) of each Award requiring exercise (other than in the case of Stock Options and SARs granted in substitution of previously granted awards, as described in Section 4(a)) shall be 100% of the Fair Market Value of the Stock subject to the
Award on such date, or such higher amount as the Administrator may determine in connection with the grant. No such Award, once granted, may be repriced other than in accordance with the applicable shareholder approval requirements of [NASDAQ][NYSE].

  
 -5-

 (iii) Payment Of Exercise Price. Where the exercise of an Award is to
be accompanied by payment, payment of the exercise price shall be by cash or check acceptable to the Administrator, or, if so permitted by the Administrator and if legally permissible, (A) through the delivery and sale of shares of Stock
(including fractional shares) either from the Award itself (thus reducing the net shares of Stock to be exercised pursuant to the exercise of the Award – a “Cashless Exercise”) or from shares of Stock (including fractional shares)
that have been outstanding for at least six months (unless the Administrator approves a shorter period) and that have a Fair Market Value equal to the exercise price or if greater, the excess proceeds shall be paid to the exercising Participant,
(B) through a broker-assisted exercise program acceptable to the Administrator, (C) by other means acceptable to the Administrator, or (D) by any combination of the foregoing permissible forms of payment. The delivery of shares of
Stock in payment of the exercise price under clause (A) above may be accomplished either by actual delivery or by constructive delivery through attestation of ownership, subject to such rules as the Administrator may prescribe. 

(iv) Withholding Taxes. The Administrator will make such provision for the withholding of taxes as it deems
necessary. The Administrator may, but need not, hold back shares of Stock from an Award or permit a Participant to tender previously owned shares of Stock in satisfaction of tax withholding requirements in the same manner as set forth in Subsection
(b)(iii), above (but not in excess of the minimum withholding required by law). 
 (v) Maximum Term.
Awards requiring exercise will have a maximum term not to exceed ten (10) years from the date of grant. 
  

	 	7.	Covered Transactions 

 (a) In the event of a Covered Transaction after the effective date of the Plan, if determined by the Administrator in the applicable Award agreement or otherwise determined by the Administrator in its
discretion, (i) any outstanding Awards then held by Participants which are unexerciseable or otherwise unvested or subject to lapse restrictions shall automatically be deemed exercisable or otherwise vested or no longer subject to lapse
restrictions, as the case may be, as of immediately prior to such Covered Transaction or upon a qualifying termination of service following a Covered Termination, and (ii) the Administrator may (subject to Section 6(a)(10)), but shall not
be obligated to, (A) cancel such Awards for fair value (as determined in the sole discretion of the Administrator) which, in the case of Stock Options and SARs, may equal the excess, if any, of the value of the consideration to be paid in the
Covered Transaction to holders of the same number of Shares subject to such Stock Options or SARs (or, if no consideration is paid in any such transaction, the Fair Market Value of the Stock subject to such Stock Options or SARs) over the aggregate
exercise price of such Stock Options or SARs, (B) provide for the issuance of substitute Awards that will substantially preserve the otherwise applicable terms of any affected Awards previously granted hereunder as

  
 -6-

 
determined by the Administrator in its sole discretion or (C) provide that for a period of at least 15 days prior to the Covered Transaction, such Stock Options and SARs shall be exercisable
as to all shares of Stock subject thereto and that upon the occurrence of the Covered Transaction, such Stock Options and SARs shall terminate and be of no further force and effect. 

(b) Adjustment Provisions. In the event of any change in the outstanding Stock after the effective date of the Plan
by reason of any Stock dividend or split, reorganization, recapitalization, merger, consolidation, spin-off, combination, combination or transaction or exchange of shares of Stock or other corporate exchange, or any distribution to shareholders of
shares of Stock other than regular cash dividends or any transaction similar to the foregoing, the Administrator shall make such substitution or adjustment, if any, as it deems to be equitable in its sole discretion and without liability to any
person (subject to Section 6(a)(x)), as to (i) the number or kind of shares of Stock or other securities issued or reserved for issuance pursuant to the Plan or pursuant to outstanding Awards, (ii) the maximum number of shares of
Stock for which Stock Options or SARs may be granted during a calendar year to any Participant (iii) the maximum amount of a Performance Award that may be granted during a calendar year to any Participant, (iv) the exercise price of any
Stock Option or SAR and/or (v) any other affected terms of such Awards. Without limiting the generality of the foregoing, in such circumstances, the Administrator may authorize any of the actions described in Section 7(a), if it deems any
such action appropriate and equitable. 
 (c) Continuing Application of Plan Terms. References in the Plan
to shares of Stock will be construed to include any stock or securities resulting from an adjustment pursuant to this Section 7. 
  

	 	8.	Legal Conditions on Delivery of Stock 

 The Company will not be obligated to deliver any shares of Stock pursuant to the Plan or to remove any restriction from shares of Stock previously delivered under the Plan until: (a) the Company is
satisfied that all legal matters in connection with the issuance and delivery of such shares of Stock have been addressed and resolved; (b) if the outstanding Stock is at the time of delivery listed on any stock exchange or national market
system, the shares of Stock to be delivered have been listed or authorized to be listed on such exchange or system upon official notice of issuance; and (c) all conditions of the Award have been satisfied or waived. If the sale of Stock has not
been registered under the Securities Act of 1933, as amended, the Company may require, as a condition to exercise of the Award, such representations or agreements as counsel for the Company may consider appropriate to avoid violation of such Act.
The Company may require that certificates evidencing Stock issued under the Plan bear an appropriate legend reflecting any restriction on transfer applicable to such Stock, and the Company may hold the certificates pending lapse of the applicable
restrictions. 

  
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	 	9.	Amendment and Termination 

 The Administrator may at any time or times amend the Plan or any outstanding Award for any purpose which may at the time be permitted by law, and may at any time terminate the Plan as to any future grants
of Awards; provided, that except as otherwise expressly provided in the Plan or required by changes to securities or other laws, rules, or regulations applicable to this Plan, the Administrator may not, without the Participant’s consent,
alter the terms of an outstanding Award so as to affect materially and adversely the Participant’s rights under such Award, unless the Administrator expressly reserved the right to do so at the time of the Award grant. Any amendments to the
Plan shall be conditioned upon shareholder approval only to the extent, if any, such approval is required by law (including the Code and applicable stock exchange requirements), as determined by the Administrator. 

 

	 	10.	Other Compensation Arrangements 

 The existence of the Plan or the grant of any Award will not in any way affect the Company’s right to Award a person bonuses or other compensation in addition to Awards under the Plan. 

 

	 	11.	Miscellaneous 

 (a) Employment Not Affected. Nothing in the Plan or in any agreement entered into pursuant to the Plan shall confer upon any Participant the right to continue to serve on the Board of the Company
or in the employment of the Company or affect any right which the Company, or its shareholders, may have to terminate the relationship or employment of such Participant. 

(b) Relationship to Other Benefits. No payment under the Plan shall be taken into account in determining any
benefits under any pension, retirement, profit sharing, group insurance or other benefit plan of the Company except as otherwise specifically provided. 
 (c) Expenses. The expenses of administering the Plan shall be borne by the Company. 
 (d) Titles and Headings. The titles and headings of the sections in the Plan are for convenience of reference only, and in the event of any conflict, the text of the Plan, rather than such titles
or headings, shall control. 
 (e) No Presumption. The fact that the this Plan was prepared by counsel for
the Company shall create no presumptions and specifically shall not cause any ambiguities to be construed against the Company. 
 (f) Nonexclusivity of the Plan. Neither the adoption of this Plan by the Board nor the submission of this Plan to the shareholders of the Company for approval shall be construed as creating any
limitations on the power of the Board to adopt such other incentive arrangements as it may deem desirable, including, without limitation, the granting of stock options otherwise than under 

  
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this Plan, and such arrangements may be either applicable generally or only in specific cases. 
 (g) Governing Law; Construction. The validity and construction of the Plan and the instruments evidencing Awards under the Plan shall be governed by the laws of the state of Florida without regard
to principles of conflicts of law. In construing the Plan, the singular shall include the plural and the masculine gender shall include the feminine and neuter, unless the context otherwise requires. 

(h) Binding Effect. This Plan shall be legally binding upon and shall operate for the benefit of the parties
hereto, their respective heirs, personal and legal representatives, transferees, successors and assigns. 
 (i)
Survival. All representations and other relevant provisions herein shall survive and thereby continue in full force and effect after termination of the optionee’s employment with the Company. 

(j) No Waiver of Breach. The waiver or inaction by any party hereto of a breach of any condition of this Plan by
the other party shall not be construed as a waiver of any subsequent breach by such party, nor shall it constitute a waiver of that party’s rights, actual or inherent. The failure of any party hereto in any instance to insist upon a strict
performance of the terms of this Plan or to exercise any Stock Option herein shall not be construed as a waiver or a relinquishment in the future of such term or Stock Option. 

(k) Notices. All notices or communications provided for herein or incidental to the transactions contemplated
hereby shall be in writing and shall be deemed duly given if delivered personally, sent by facsimile, certified mail and/or by registered mail, return receipt requested or sent by overnight delivery (i) to any officer of the Company (other than
the optionee) at the address of the principal office of the Company and (ii) to any optionee at his or her address as reflected on the records of the Company for federal income tax purposes or at such other address as either party may have
specified by prior written notice to the other party. Notices shall be effective as of the date of personal delivery or as of the first day after any other notice procedure. 

(l) WAIVER OF JURY TRIAL. THE COMPANY AND EACH PERSON, HIS OR HER HEIRS OR ASSIGNS, WHO IS A PARTICIPANT
EXPRESSLY WAIVES ALL RIGHTS TO ANY TRIAL BY JURY IN ALL LITIGATION RELATING TO OR ARISING OUT OF THE SUBJECT MATTER OF THIS PLAN. 

  
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 EXHIBIT A 
 Definition of Terms 
 The following terms, when used in the Plan,
will have the meanings and be subject to the provisions set forth below: 
 “Administrator”: The Board or any
delegate thereof, including the Compensation Committee, to the extent permitted by law. In the event of any delegation described in the preceding sentence, the term “Administrator” shall include the person or persons so delegated to the
extent of such delegation. 
 “Affiliate”: Any corporation or other entity in a chain of corporations or other
entities in which each corporation or other entity has a controlling interest in another corporation or other entity in the chain, beginning with the Company and ending with such corporation or other entity. For purposes of the preceding sentence,
except as the Administrator may otherwise determine subject to the requirements of Treas. Reg. § 1.409A-1(b)(5)(iii)(E)(1), the term “controlling interest” has the same meaning as provided in Treas. Reg. §1.414(c)-2(b)(2)(i),
provided that the words “at least 50 percent” are used instead of the words “at least 80 percent” each place such words appear in Treas. Reg. § 1.414(c)-2(b)(2)(i). 

“Apax VII Funds” is Apax US VII, L.P., Apax Europe VII-A, L.P., Apax Europe VII-B, L.P. and Apax Europe VII-1, L.P.

 “Award”: Any or a combination of the following: 

(i) Stock Options. 
 (ii) SARs. 
 (iii) Restricted Stock. 

(iv) Unrestricted Stock. 
 (v) Stock Units, including Restricted Stock Units. 
 (vi)
Performance Awards. 
 (vii) Cash Awards. 

(viii) Awards (other than Awards described in (i) through (vii) above) that are convertible into or otherwise
based on Stock. 
 “Board”: The Board of Directors of the Company. 

“Cash Award”: An Award denominated in cash. 
 “Cause for Termination”: Except as specified otherwise by the Administrator at the time of the Award grant, a finding by the Board that the Participant (i) has breached his or

 
her employment or service contract or noncompetition agreement with the Company; (ii) has engaged in disloyalty or dishonesty to the Company, including without limitation, fraud,
embezzlement, theft, malfeasance, gross negligence or misconduct that, in the judgment of the Board, is, or is likely to, lead to material injury to the Company or the business reputation of the Company; (iii) has willfully failed to comply
with the direction of the Board or failed to follow the policies, procedures and rules of the Company; (iv) has negligently failed to comply with the direction of the Board or failed to follow the policies, procedures and rules of the Company
and such negligent failure was not cured within thirty (30) days of receipt of written notice; (v) has been convicted of, or has entered a plea of guilty or no contest to, a felony or crime involving moral turpitude; or (vi) has
disclosed trade secrets or confidential information of the Company to persons not entitled to receive such information. Notwithstanding the foregoing, if a Participant is party to an individual employment agreement that is operative and that defines
“Cause,” such definition shall apply for purposes of this Plan. 
 “Code”: The U.S. Internal Revenue
Code of 1986 as from time to time amended and in effect, or any successor statute as from time to time in effect. 

“Compensation Committee”: The Compensation Committee of the Board. 

“Company”: Bankrate, Inc. 
 “Covered Transaction”: A Covered Transaction means: 
 (i) Any
individual, entity or group (within the meaning of Section 13(d)(3) or 14(d)(2) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”)) (a “Person”) becomes the beneficial owner (within the meaning of Rule
13d-3 promulgated under the Exchange Act) of 30% or more of either (A) the then-outstanding shares of common stock of the Company (the “Outstanding Company Common Stock”) or (B) the combined voting power of the then-outstanding
voting securities of the Company entitled to vote generally in the election of directors (the “Outstanding Company Voting Securities”); provided, however, that, for purposes of this definition, the following acquisitions
shall not constitute a Covered Transaction: (a) any acquisition directly from the Company, (b) any acquisition by the Company, (c) any acquisition by a Permitted Holder, (d) any acquisition after which Apax VII Funds and its
Affiliates own a greater percentage of both the Outstanding Company Common Stock and the Outstanding Company Voting Securities than does such Person or (e) any acquisition pursuant to a transaction that complies with Sections (iii)(A), (iii)(B)
and (iii)(C) below; 
 (ii) Individuals who, as of the date hereof, constitute the Board (the “Incumbent Board”) cease
for any reason to constitute at least a majority of the Board; provided, however, that any individual becoming a director subsequent to the date hereof whose election, or nomination for election by the Company’s shareholders, was
approved by a vote of at least a majority of the directors then comprising the Incumbent Board shall be considered as though such individual was a member of the Incumbent Board, but excluding, for this purpose, any such individual whose initial
assumption of office occurs as a result of an actual or threatened election contest with respect to the election or removal of directors or other actual or threatened solicitation of proxies or consents by or on behalf of a Person other than the
Board; 

  
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 (iii) Consummation of a reorganization, merger, statutory share exchange or consolidation or
similar transaction involving the Company or any of its subsidiaries, a sale or other disposition of all or substantially all of the assets of the Company to a Person, or the acquisition of assets or stock of another entity by the Company or any of
its subsidiaries (each, a “Business Combination”), in each case unless, following such Business Combination, (A) all or substantially all of the individuals and entities that were the beneficial owners of the Outstanding Company
Common Stock and the Outstanding Company Voting Securities immediately prior to such Business Combination beneficially own, directly or indirectly, more than 50% of the then-outstanding shares of common stock (or, for a non-corporate entity,
equivalent securities) and the combined voting power of the then-outstanding voting securities entitled to vote generally in the election of directors (or, for a non-corporate entity, equivalent governing body), as the case may be, of the entity
resulting from such Business Combination (including, without limitation, an entity that, as a result of such transaction, owns the Company or all or substantially all of the Company’s assets either directly or through one or more subsidiaries)
in substantially the same proportions as their ownership immediately prior to such Business Combination of the Outstanding Company Common Stock and the Outstanding Company Voting Securities, as the case may be, (B) no Person (excluding any
corporation resulting from such Business Combination or any employee benefit plan (or related trust) of the Company or such corporation resulting from such Business Combination and excluding the Permitted Holders) beneficially owns, directly or
indirectly, 30% (or such higher percentage as is held by Apax VII Funds and its Affiliates following such Business Combination) or more of, respectively, the then-outstanding shares of common stock of the corporation resulting from such Business
Combination or the combined voting power of the then-outstanding voting securities of such corporation, except to the extent that such ownership existed prior to the Business Combination, and (C) at least a majority of the members of the board
of directors (or, for a non-corporate entity, equivalent governing body) of the entity resulting from such Business Combination were members of the Incumbent Board at the time of the execution of the initial agreement or of the action of the Board
providing for such Business Combination; or 
 (iv) Approval by the shareholders of the Company of a complete liquidation or
dissolution of the Company. 
 “Disability”: A Participant becoming disabled within the meaning of
Section 22(e)(3) of the Code. 
 “Employee”: Any person who is employed by the Company or an Affiliate.

 “Employment”: A Participant’s employment or other service relationship with the Company and its
Affiliates. Employment will be deemed to continue, unless the Administrator expressly provides otherwise, so long as the Participant is employed by, or otherwise is providing services in a capacity described in Section 5 to the Company or its
Affiliates. If a Participant’s employment or other service relationship is with an Affiliate and that entity ceases to be an Affiliate, the Participant’s Employment will be deemed to have terminated when the entity ceases to be an
Affiliate unless the Participant transfers Employment to the Company or its remaining Affiliates. 

  
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 “Fair Market Value”: On a given date, (i) if there should be a public
market for the shares of Stock on such date, the closing price of the shares of Stock as reported on such date on the Composite Tape of the principal national securities exchange on which such shares are listed or admitted to trading, or, if the
shares are not listed or admitted on any national securities exchange, the arithmetic mean of the per share closing bid price and per share closing asked price on such date as quoted on the [National Association of Securities Dealers Automated
Quotation System (or such market in which such prices are regularly quoted) (the “NASDAQ”)], or, if no sale of shares of Stock shall have been reported on the Composite Tape of any national securities exchange or quoted on the NASDAQ on
such date, then the immediately preceding date on which sales of the shares have been so reported or quoted shall be used, and (ii) if there should not be a public market for the shares of Stock on such date, the Fair Market Value shall be the
value established by the Administrator in good faith in a manner intended to comply with Section 409A. 

“Participant”: A person who is granted an Award under the Plan. 

“Performance Award”: An Award subject to Performance Criteria. The Compensation Committee or another committee or
subcommittee of the Board that is comprised of two or more “outside directors” (as defined under Section 162(m) in its discretion may grant Performance Awards that are intended to qualify for the performance-based compensation
exception under Section 162(m), to the extent applicable, and Performance Awards that are not intended so to qualify. 

“Performance Criteria”: Specified criteria, other than the mere continuation of Employment or the mere passage of time,
the satisfaction of which is a condition for the grant, exercisability, vesting or full enjoyment of an Award. For purposes of Awards that are intended to qualify for the performance-based compensation exception under Section 162(m), a
Performance Criterion will mean an objectively determinable measure of performance relating to any or any combination of the following (measured either absolutely or by reference to an index or indices and determined either on a consolidated basis
or, as the context permits, on a divisional, subsidiary, line of business, project or geographical basis or in combinations thereof): sales; revenues; assets; expenses; earnings before or after deduction for all or any portion of interest,
taxes, depreciation, or amortization, whether or not on a continuing operations or an aggregate or per share basis (basic or fully diluted); return on equity, investment, capital or assets; one or more operating ratios such as earnings before
interest, taxes and/or depreciation and amortization; borrowing levels, leverage ratios or credit rating; market share; capital expenditures; free cash flow, cash flow, return on investment (discounted or otherwise), net cash provided by operations,
or cash flow in excess of cost of capital; stock price; earnings per share; shareholder return; sales of particular products or services; customer acquisition or retention; acquisitions and divestitures (in whole or in part); economic value added;
strategic business criteria, consisting of one or more objectives based on meeting specific market penetration, geographic business expansion goals, facility construction or completion goals, geographic facility relocation or completion goals, cost
targets, customer satisfaction, supervision of litigation or information technology; joint ventures and strategic alliances; spin-offs, split-ups and the like; reorganizations; or recapitalizations, restructurings, financings (issuance of debt or
equity) or refinancings. A Performance Criterion and any targets with respect thereto determined by the Administrator need not be based upon an increase, a positive or improved result or avoidance of loss. To the extent consistent with the
requirements for satisfying the performance-based compensation exception under Section 162(m), the Administrator may provide in the case of any Award intended to qualify for such exception that one or more of the Performance Criteria applicable
to such Award will be adjusted in an objectively determinable manner to reflect events (for example, but without limitation, acquisitions or dispositions) occurring during the performance period that affect the applicable Performance Criterion or
Criteria. 

  
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 “Permitted Holder”: A Permitted Holder is, as of the date of determination,
any and all of (i) an employee benefit plan (or trust forming a part thereof) maintained by (A) the Company or (B) any corporation or other Person of which a majority of its voting power of its voting equity securities or equity
interest is owned, directly or indirectly, by the Company or (ii) Apax VII Funds or any of its Affiliates. 

“Plan”: This Bankrate, Inc. 2011 Equity Compensation Plan as from time to time amended and in effect. 

“Qualified Performance-Based Award” means an Award designated as such by the Administrator at the time of grant,
based upon a determination that (i) the recipient is or may be a “covered employee” within the meaning of Section 162(m)(3) of the Code in the year in which the Company would expect to be able to claim a tax deduction with
respect to such Award and (ii) the Administrator wishes such Award to qualify for the Section 162(m) Exemption. 

“Restricted Stock”: Stock subject to restrictions requiring that it be redelivered or offered for sale to the Company if
specified conditions are not satisfied. 
 “Restricted Stock Unit”: A Stock Unit that is, or as to which the
delivery of Stock or cash in lieu of Stock is, subject to the satisfaction of specified performance or other vesting conditions. 
 “SAR”: A right entitling the holder upon exercise to receive an amount (payable in cash or in shares of Stock of equivalent value) equal to the excess of the Fair Market Value of the
shares of Stock subject to the right over the base value from which appreciation under the SAR is to be measured. 

“Section 409A”: Section 409A of the Code and any rules, regulations or other regulatory guidance issued thereunder.

 “Section 162(m)”: Section 162(m) of the Code and any rules, regulations or other regulatory guidance
issued thereunder. 
 “Section 162(m) Exemption” means the exemption from the limitation on deductibility
imposed by Section 162(m) that is set forth in Section 162(m)(4)(C) of the Code. 
 “Stock”: Common
Stock of the Company, par value $0.01 per share. 
 “Stock Option”: An option entitling the holder to acquire
shares of Stock upon payment of the exercise price. 
 “Stock Unit”: An unfunded and unsecured promise,
denominated in shares of Stock, to deliver Stock or cash measured by the value of Stock in the future. 
 “Unrestricted
Stock”: Stock not subject to any restrictions under the terms of the Award. 

  
 -5-

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