Document:

EXHIBIT 4.3

UNITED
DOMINION REALTY TRUST, INC.

UNLESS
THIS NOTE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST
COMPANY (THE “DEPOSITARY”) (55 WATER STREET, NEW YORK, NEW YORK) TO THE ISSUER
HEREOF OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY
NOTE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR SUCH OTHER NAME AS
REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITARY AND ANY PAYMENT IS
MADE TO CEDE & CO., ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR
OTHERWISE BY OR TO ANY PERSON IS WRONGFUL SINCE THE REGISTERED OWNER HEREOF,
CEDE & CO., HAS AN INTEREST HEREIN.

UNLESS
AND UNTIL IT IS EXCHANGED IN WHOLE OR IN PART FOR NOTES IN CERTIFICATED FORM,
THIS NOTE MAY NOT BE TRANSFERRED EXCEPT AS A WHOLE BY THE DEPOSITARY TO A
NOMINEE OF THE DEPOSITARY OR BY A NOMINEE OF THE DEPOSITARY TO THE DEPOSITARY
OR ANOTHER NOMINEE OF THE DEPOSITARY OR BY THE DEPOSITARY OR ANY SUCH NOMINEE
TO A SUCCESSOR DEPOSITARY OR A NOMINEE OF SUCH SUCCESSOR DEPOSITARY.

 

	
  REGISTERED
  No. FXR-1

  	
   

  	
  CUSIP No.: 

  91019PCR1

  	
   

  	
  PRINCIPAL AMOUNT: 

  $125,000,000

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  UNITED
  DOMINION REALTY TRUST, INC.

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  MEDIUM-TERM
  NOTE

  (Fixed Rate)

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  ORIGINAL ISSUE DATE:

  June 7, 2006

  	
   

  	
  INTEREST RATE: 

  6.050%

  	
   

  	
  STATED MATURITY DATE: 

  June 1, 2013

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  INTEREST PAYMENT DATE(S)

  	
   

  	
  o CHECK
  IF DISCOUNT NOTE

  	
   

  	
   

  
	
  x June
  1 and December 1, commencing December 1, 2006

  	
   

  	
  Issue Price:%

  	
   

  	
   

  
	
  o Other:

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  INITIAL REDEMPTION

  	
   

  	
  INITIAL REDEMPTION

  	
   

  	
  ANNUAL REDEMPTION

  
	
  DATE: See Addendum

  	
   

  	
  PERCENTAGE: See Addendum

  	
   

  	
  PERCENTAGE REDUCTION: See Addendum

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  OPTIONAL REPAYMENT

  	
   

  	
   

  	
   

  	
   

  
	
  DATE(S): N/A

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SPECIFIED CURRENCY:

  	
   

  	
  AUTHORIZED DENOMINATION:

  	
   

  	
  EXCHANGE RATE

  
	
  x U.S.
  dollars 

  o Other:

  	
   

  	
  x $1,000
  and integral multiples thereof

  	
   

  	
  AGENT: N/A

  
	
   

  	
   

  	
  o Other:

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  ADDENDUM ATTACHED

  	
   

  	
  DEFAULT INTEREST RATE: N/A

  	
   

  	
  OTHER/ADDITIONAL PROVISIONS: N/A

  
	
  x Yes

  o No

  	
   

  	
   

  	
   

  	
   

  

 

 

 

UNITED DOMINION REALTY
TRUST, INC., a Maryland corporation (the “Company”, which term includes any
successor corporation under the Indenture hereinafter referred to), for value
received, hereby promises to pay to CEDE & Co., as nominee for The
Depository Trust Company, or registered assigns, the Principal Amount of ONE HUNDRED
TWENTY-FIVE MILLION DOLLARS ($125,000,00) on the Stated Maturity Date specified
above (or any Redemption Date or Repayment Date, each as defined on the reverse
hereof, or any earlier date of acceleration of maturity) (each such date being
hereinafter referred to as the “Maturity Date” with respect to the principal repayable
on such date) and to pay interest thereon (and on any overdue principal,
premium and/or interest to the extent legally enforceable) at the Interest Rate
per annum specified above, until the principal hereof is paid or duly made
available for payment.  The Company will
pay interest in arrears on each Interest Payment Date, if any, specified above
(each, an “Interest Payment Date”), commencing with the first Interest Payment
Date next succeeding the Original Issue Date specified above, and on the Maturity
Date; provided, however, that if the Original Issue Date occurs
between a Record Date (as defined below) and the next succeeding Interest
Payment Date, interest payment will commence on the Interest Payment Date
immediately following the next succeeding Record Date to the registered holder
(the “Holder”) of this Note on the next succeeding Record Date.  Interest on this Note will be computed on the
basis of a 360-day year of twelve 30-day months.

Interest on this Note will
accrue from, and including, the immediately preceding Interest Payment Date to
which interest has been paid or duly provided for (or from, and including, the
Original Issue Date if no interest has been paid or duly provided for) to, but
excluding, the applicable Interest Payment Date or the Maturity Date, as the
case may be (each, an “Interest Period”). 
The interest so payable, and punctually paid or duly provided for, on
any Interest Payment Date will, subject to certain exceptions described herein,
be paid to the person in whose name this Note (or one or more predecessor
Notes, as defined on the reverse hereof) is registered at the close of business
on the fifteenth calendar day (whether or not a Business Day, as defined below)
immediately preceding such Interest Payment Date (the “Record Date”); provided,
however, that interest payable on the Maturity Date will be payable to
the person to whom the principal hereof and premium, if any, hereon shall be
payable.  Any such interest not so
punctually paid or duly provided for on any Interest Payment Date other than
the Maturity Date (“Defaulted Interest”) shall forthwith cease to be payable to
the Holder on the close of business on any Record Date and, instead, shall be
paid to the person in whose name this Note is registered at the close of
business on a special record date (the “Special Record Date”) for the payment
of such Defaulted Interest to be fixed by the Trustee hereinafter referred to,
notice whereof shall be given to the Holder of this Note by the Trustee not
less than 10 calendar days prior to such Special Record Date or may be paid at
any time in any other lawful manner, all as more fully provided for in the
Indenture.

Payment of principal,
premium, if any, and interest in respect of this Note due on the Maturity Date
will be made in immediately available funds upon presentation and surrender of
this Note (and, with respect to any applicable repayment of this Note, upon
delivery of instructions as contemplated on the reverse hereof) at the office
or agency maintained by the Company for that purpose in the Borough of
Manhattan, The City of New York, currently the office of the Trustee located at
100 Wall Street, 16th Floor,
New York, New York 10005, or at such other paying agency in the Borough of
Manhattan, The City of New York, as the Company may determine; provided,
however, that if the Specified Currency (as defined below) is other 

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than U.S. dollars and such
payment is to be made in the Specified Currency in accordance with the
provisions set forth below, such payment will be made by wire transfer of
immediately available funds to an account with a bank designated by the Holder
hereof at least 15 calendar days prior to the Maturity Date, provided that such
bank has appropriate facilities therefor and that this Note is presented and
surrendered and, if applicable, instructions are delivered at the
aforementioned office or agency maintained by the Company in time for the
Trustee to make such payment in such funds in accordance with its normal
procedures.  Payment of interest due on
any Interest Payment Date other than the Maturity Date will be made at the
aforementioned office or agency maintained by the Company or, at the option of
the Company, by check mailed to the address of the person entitled thereto as
such address shall appear in the Security Register maintained by the Trustee; provided,
however, that a Holder of U.S.$10,000,000 (or, if the Specified Currency
is other than U.S. dollars, the equivalent thereof in the Specified Currency)
or more in aggregate principal amount of Notes (whether having identical or
different terms and provisions) will be entitled to receive interest payments
on such Interest Payment Date by wire transfer of immediately available funds
if such Holder has delivered appropriate wire transfer instructions in writing
to the Trustee not less than 15 calendar days prior to such Interest Payment
Date.  Any such wire transfer
instructions received by the Trustee shall remain in effect until revoked by
such Holder.

If any Interest Payment Date
or the Maturity Date falls on a day that is not a Business Day, the required
payment of principal, premium, if any, and/or interest shall be made on the
next succeeding Business Day with the same force and effect as if made on the
date such payment was due, and no interest shall accrue with respect to such
payment for the period from and after such Interest Payment Date or the
Maturity Date, as the case may be, to the date of such payment on the next
succeeding Business Day.

As used herein, “Business
Day” means any day, other than a Saturday or Sunday, that is neither a legal
holiday nor a day on which banking institutions are authorized or required by
law, regulation or executive order to close in The City of New York; provided,
however, that if the Specified Currency is other than U.S. dollars, such
day must also not be a day on which banking institutions are authorized or
required by law, regulation or executive order to close in the Principal
Financial Center (as defined below) of the country issuing the Specified Currency
(or, if the Specified Currency is Euro, such day must also be a day on which
the Trans-European Automated Real-Time Gross Settlement Express Transfer
(TARGET) System is open).  “Principal
Financial Center” means the capital city of the country issuing the Specified
Currency, except that with respect to U.S. dollars, Australian dollars,
Canadian dollars, Euros, South African rand and Swiss francs, the “Principal
Financial Center” shall be The City of New York, Sydney, Toronto, Johannesburg
and Zurich, respectively.

The Company is obligated to
make payment of principal, premium, if any, and interest in respect of this
Note in the currency in which this Note is denominated above (or, if such
currency is not at the time of such payment legal tender for the payment of
public and private debts in the country issuing such currency or, if such
currency is Euro, in the member states of the European Union that have adopted
the single currency in accordance with the Treaty establishing the European
Community, as amended by the Treaty on European Union, then the currency which
is at the time of such payment legal tender in the related country or in the
adopting member states of the European Union, as the case may be) (the “Specified
Currency”).  If the Specified Currency is
other than U.S. dollars, except as otherwise provided below, any such amounts
so 

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payable by the Company will
be converted by the Exchange Rate Agent specified above into U.S. dollars for
payment to the Holder of this Note.

Any U.S. dollar amount to be
received by the Holder of this Note will be based on the highest bid quotation
in The City of New York received by the Exchange Rate Agent at approximately
11:00 A.M., New York City time, on the second Business Day preceding the
applicable payment date from three recognized foreign exchange dealers (one of
whom may be the Exchange Rate Agent) selected by the Exchange Rate Agent and
approved by the Company for the purchase by the quoting dealer of the Specified
Currency for U.S. dollars for settlement on such payment date in the aggregate
amount of the Specified Currency payable to all Holders of Notes scheduled to
receive U.S. dollar payments and at which the applicable dealer commits to
execute a contract.  All currency
exchange costs will be borne by the Holder of this Note by deductions from such
payments.  If three such bid quotations
are not available, payments on this Note will be made in the Specified
Currency.

If the Specified Currency is
other than U.S. dollars, the Holder of this Note may elect to receive all or a
specified portion of any payment of principal, premium, if any, and/or
interest, if any, in respect of this Note in the Specified Currency by
submitting a written request for such payment to the Trustee at its corporate
trust office in The City of New York on or prior to the applicable Record Date
or at least 15 calendar days prior to the Maturity Date, as the case may
be.  Such written request may be mailed
or hand delivered or sent by cable, telex or other form of facsimile transmission.  If the Specified Currency is other than U.S.
dollars, the Holder of this Note may elect to receive all or a specified
portion of all future payments in the Specified Currency in respect of such
principal, premium, if any, and/or interest, if any, and need not file a
separate election for each payment.  Such
election will remain in effect until revoked by written notice delivered to the
Trustee, but written notice of any such revocation must be received by the
Trustee on or prior to the applicable Record Date or at least 15 calendar days
prior to the Maturity Date, as the case may be.

If the Specified Currency is
other than U.S. dollars and the Holder of this Note shall have duly made an
election to receive all or a specified portion of any payment of principal,
premium, if any, and/or interest, if any, in respect of this Note in the
Specified Currency, but the Specified Currency is not available due to the
imposition of exchange controls or other circumstances beyond the control of
the Company, the Company will be entitled to satisfy its obligations to the
Holder of this Note by making such payment in U.S. dollars on the basis of the
Market Exchange Rate (as defined below) determined by the Exchange Rate Agent
on the second Business Day prior to such payment date or, if such Market
Exchange Rate is not then available, on the basis of the most recently
available Market Exchange Rate.  The “Market
Exchange Rate” for the Specified Currency other than U.S. dollars means the
noon dollar buying rate in The City of New York for cable transfers for the
Specified Currency as certified for customs purposes (or, if not so certified,
as otherwise determined) by the Federal Reserve Bank of New York.  Any payment made in U.S. dollars under such
circumstances shall not constitute an Event of Default (as defined in the
Indenture).

All determinations referred
to above made by the Exchange Rate Agent shall be at its sole discretion and
shall, in the absence of manifest error, be conclusive for all purposes and
binding on the Holder of this Note.

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The Company agrees to
indemnify the Holder of any Note against any loss incurred by such Holder as a
result of any judgment or order being given or made against the Company for any
amount due hereunder and such judgment or order requiring payment in a currency
(the “Judgment Currency”) other than the Specified Currency, and as a result of
any variation between (i) the rate of exchange at which the Specified Currency
amount is converted into the Judgment Currency for the purpose of such judgment
or order, and (ii) the rate of exchange at which such Holder, on the date of
payment of such judgment or order, is able to purchase the Specified Currency
with the amount of the Judgment Currency actually received by such Holder, as
the case may be.  The foregoing indemnity
constitutes a separate and independent obligation of the Company and continues
in full force and effect notwithstanding any such judgment or order as
aforesaid.  The term “rate of exchange”
includes any premiums and costs of exchange payable in connection with the
purchase of, or conversion into, the relevant currency.

Reference is hereby made to
the further provisions of this Note set forth on the reverse hereof and, if so
specified on the face hereof, in an Addendum hereto, which further provisions
shall have the same force and effect as if set forth on the face hereof.

Notwithstanding the
foregoing, if an Addendum is attached hereto or “Other/Additional Provisions”
apply to this Note as specified above, this Note shall be subject to the terms
set forth in such Addendum or such “Other/Additional Provisions”.

Unless the Certificate of
Authentication hereon has been executed by the Trustee by manual signature,
this Note shall not be entitled to any benefit under the Indenture or be valid
or obligatory for any purpose.

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IN WITNESS WHEREOF, United
Dominion Realty Trust, Inc. has caused this Note to be duly executed by one of
its duly authorized officers.

	
   

  	
   

  	
   

  	
  UNITED DOMINION REALTY TRUST, INC., a Maryland
  corporation

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
  By

  	
  /s/  Christopher D. Genry

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
  Name:

  	
  Christopher D. Genry

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
  Title:

  	
  Executive Vice President — Corporate Strategy and
  Chief Financial Officer

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  ATTEST:

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  By

  	
  /s/ Mary Ellen Norwood

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Name:

  	
  Mary Ellen Norwood

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Title:

  	
  Vice President — Legal Administration and Corporate
  Secretary

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Dated: June 7, 2006

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  TRUSTEE’S CERTIFICATE OF AUTHENTICATION:

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  This is one of the Debt Securities of the series
  designated therein referred  to in the
  within-mentioned Indenture.

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  U.S. BANK NATIONAL ASSOCIATION,

  	
   

  	
   

  	
   

  	
   

  
	
  successor trustee to Wachovia Bank, National Association
  (formerly known as First Union National Bank of Virginia), as Trustee 

   

   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  By

  	
  /s/ Patrick J. Crowley

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Authorized
  Signatory

  	
   

  	
   

  	
   

  	
  Authentication Date: June 7, 2006

  

 

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[REVERSE OF NOTE]

UNITED DOMINION REALTY TRUST,
INC.

MEDIUM-TERM NOTE

(Fixed Rate)

This Note is one of a duly
authorized series of Debt Securities (the “Debt Securities”) of the Company
issued and to be issued under an Indenture, dated as of November 1, 1995, as
amended, modified or supplemented from time to time (the “Indenture”), between
the Company (successor by merger to United Dominion Realty Trust, Inc., a
Virginia corporation) and U.S. Bank National Association, successor trustee to
Wachovia Bank, National Association (formerly known as First Union National
Bank of Virginia), as trustee (the “Trustee”, which term includes any successor
trustee under the Indenture), to which Indenture and all indentures
supplemental thereto reference is hereby made for a statement of the respective
rights, limitations of rights, duties and immunities thereunder of the Company,
the Trustee and the Holders of the Debt Securities, and of the terms upon which
the Debt Securities are, and are to be, authenticated and delivered.  This Note is one of the series of Debt
Securities designated as “Medium-Term Notes Due Nine Months or More From Date
of Issue” (the “Notes”).  All terms used
but not defined in this Note or in an Addendum hereto shall have the meanings
assigned to such terms in the Indenture or on the face hereof, as the case may
be.

This Note is issuable only
in registered form without coupons in minimum denominations of U.S. $1,000 and
integral multiples thereof or other Authorized Denomination specified on the
face hereof.

This Note will not be
subject to any sinking fund and, unless otherwise specified on the face hereof
in accordance with the provisions of the following two paragraphs, will not be
redeemable or repayable prior to the Stated Maturity Date.

This Note will be subject to
redemption at the option of the Company on any date on or after the Initial
Redemption Date, if any, specified on the face hereof, in whole or from time to
time in part in increments of U.S. $1,000 or other integral multiple of an
Authorized Denomination (provided that any remaining principal amount hereof
shall be at least U.S. $1,000 or such other minimum Authorized Denomination),
at the Redemption Price (as defined below), together with unpaid interest
accrued thereon to the date fixed for redemption (the “Redemption Date”), on
written notice given to the Holder hereof (in accordance with the provisions of
the Indenture) not more than 60 nor less than 30 calendar days prior to the
Redemption Date.  The “Redemption Price”
shall be an amount equal to the Initial Redemption Percentage specified on the
face hereof (as adjusted by the Annual Redemption Percentage Reduction, if any,
specified on the face hereof) multiplied by the unpaid principal amount of this
Note to be redeemed.  The Initial
Redemption Percentage, if any, shall decline at each anniversary of the Initial
Redemption Date by the Annual Redemption Percentage Reduction, if any, until
the Redemption Price is 100% of unpaid principal amount to be redeemed.  In the event of redemption of this Note in
part only, a new Note of like tenor for the unredeemed portion hereof and
otherwise having the same terms and provisions as this Note shall be issued by
the Company in the name of the Holder hereof upon the presentation and
surrender hereof.

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This Note will be subject to
repayment by the Company at the option of the Holder hereof on the Optional
Repayment Date(s), if any, specified on the face hereof, in whole or from time
to time in part in increments of U.S. $1,000 or other integral multiple of an
Authorized Denomination (provided that any remaining principal amount hereof
shall be at least U.S. $1,000 or such other minimum Authorized Denomination),
at a repayment price equal to 100% of the unpaid principal amount to be repaid,
together with unpaid interest accrued thereon to the date fixed for repayment
(the “Repayment Date”).  For this Note to
be repaid, the Trustee must receive at its corporate trust office in the
Borough of Manhattan, The City of New York, not more than 60 nor less than 30
calendar days prior to the Repayment Date, such Note and instructions to such
effect forwarded by the Holder hereof. 
Exercise of such repayment option by the Holder hereof shall be
irrevocable.  In the event of repayment
of this Note in part only, a new Note of like tenor for the unrepaid portion
hereof and otherwise having the same terms and provisions as this Note shall be
issued by the Company in the name of the Holder hereof upon the presentation
and surrender hereof.

If this Note is specified on
the face hereof to be a Discount Note, the amount payable to the Holder of this
Note in the event of redemption, repayment or acceleration of maturity will be
equal to the sum of (1) the Issue Price specified on the face hereof (increased
by any accruals of the Discount, as defined below) and, in the event of any
redemption of this Note (if applicable), multiplied by the Initial Redemption
Percentage (as adjusted by the Annual Redemption Percentage Reduction, if
applicable) and (2) any unpaid interest accrued thereon to the Redemption Date,
Repayment Date or date of acceleration of maturity, as the case may be.  The difference between the Issue Price and
100% of the principal amount of this Note is referred to herein as the “Discount”.

For purposes of determining
the amount of Discount that has accrued as of any Redemption Date, Repayment
Date or date of acceleration of maturity of this Note, such Discount will be
accrued so as to cause the yield on the Note to be constant.  The constant yield will be calculated using a
30-day month, 360-day year convention, a compounding period that, except for
the Initial Period (as defined below), corresponds to the shortest period
between Interest Payment Dates (with ratable accruals within a compounding
period) and an assumption that the maturity of this Note will not be
accelerated.  If the period from the
Original Issue Date to the initial Interest Payment Date (the “Initial Period”)
is shorter than the compounding period for this Note, a proportionate amount of
the yield for an entire compounding period will be accrued.  If the Initial Period is longer than the
compounding period, then such period will be divided into a regular compounding
period and a short period, with the short period being treated as provided in
the preceding sentence.

The Company is required to
maintain Total Unencumbered Assets (as defined below) of not less than 150% of
the aggregate outstanding principal amount of the Company’s Unsecured Debt (as
defined below).  For purposes of this
requirement, the following capitalized terms shall be defined as follows:

“Total Unencumbered Assets”
means the sum of (i) those Undepreciated Real Estate Assets (as defined below)
not subject to an encumbrance and (ii) all other assets of the Company and its
Subsidiaries (as defined below) not subject to encumbrance determined in
accordance with generally accepted accounting principles (but excluding
accounts receivable and intangibles).

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“Subsidiaries” or “Subsidiary”
means a corporation, a limited liability company or a partnership a majority of
the outstanding voting stock, limited liability company or partnership
interests, as the case may be, of which is owned, directly or indirectly, by
the Company or by one or more other Subsidiaries of the Company.  For purposes of this definition, “voting
stock” means stock having voting power for the election of directors, managing
members or trustees, whether at all times or only so long as no senior class of
stock has such voting power by reason of any contingency.

“Undepreciated Real Estate
Assets” as of any date means the original cost plus capital improvements of
real estate assets of the Company and its Subsidiaries determined in accordance
with generally accepted accounting principles.

“Unsecured Debt” means debt
of the Company or any Subsidiary that is not secured by any mortgage, lien,
charge, pledge or security interest of any kind upon any of their properties.

If an Event of Default shall
occur and be continuing, the principal of the Notes may, and in certain cases
shall, be accelerated in the manner and with the effect provided in the
Indenture.

The Indenture contains
provisions for defeasance of (i) the entire indebtedness of the Notes or
(ii) certain covenants and Events of Default with respect to the Notes, in
each case upon compliance with certain conditions set forth therein, which
provisions apply to the Notes.

The Indenture permits, with
certain exceptions as therein provided, the amendment thereof and the
modification of the rights and obligations of the Company and the rights of the
Holders of the Debt Securities at any time by the Company and the Trustee
pursuant to a board resolution with the consent of the Holders of a majority of
the aggregate principal amount of all Debt Securities at the time outstanding
and affected thereby.  The Indenture also
contains provisions permitting the Holders of a majority of the aggregate
principal amount of the outstanding Debt Securities of any series, on behalf of
the Holders of all such Debt Securities, to waive compliance by the Company
with certain provisions of the Indenture. 
Furthermore, provisions in the Indenture permit the Holders of a
majority of the aggregate principal amount of the outstanding Debt Securities
of any series, in certain instances, to waive, on behalf of all of the Holders
of Debt Securities of such series, certain past defaults under the Indenture
and their consequences.  Any such consent
or waiver by the Holder of this Note shall be conclusive and binding upon such
Holder and upon all future Holders of this Note and other Notes issued upon the
registration of transfer hereof or in exchange heretofore or in lieu hereof,
whether or not notation of such consent or waiver is made upon this Note.

No reference herein to the
Indenture and no provision of this Note or of the Indenture shall alter or
impair the obligation of the Company, which is absolute and unconditional, to
pay principal, premium, if any, and interest in respect of this Note at the
times, places and rate or formula, and in the coin or currency, herein
prescribed.

As provided in the Indenture
and subject to certain limitations therein and herein set forth, the transfer
of this Note is registrable in the Security Register of the Company upon
surrender of this Note for registration of transfer at the office or agency of
the Company in any place where the principal hereof and any premium or interest
hereon are payable, duly endorsed by, or accompanied by a written instrument of
transfer in form satisfactory to the Company and 

 9
 

 

 

the Security Registrar duly
executed by, the Holder hereof or by his attorney duly authorized in writing,
and thereupon one or more new Notes having the same terms and provisions, of
Authorized Denominations and for the same aggregate principal amount, will be
issued by the Company to the designated transferee or transferees.

As provided in the Indenture
and subject to certain limitations therein and herein set forth, this Note is
exchangeable for a like aggregate principal amount of Notes of different
Authorized Denominations but otherwise having the identical terms and
provisions, as requested by the Holder hereof surrendering the same.

No service charge shall be
made for any such registration of transfer or exchange, but the Company may
require payment of a sum sufficient to cover any tax or other governmental
charge payable in connection therewith.

Prior to due presentment of
this Note for registration of transfer, the Company, the Trustee and any agent
of the Company or the Trustee may treat the Holder as the owner hereof for all
purposes, whether or not this Note be overdue, and neither the Company, the
Trustee nor any such agent shall be affected by notice to the contrary, except
as required by law.

THE INDENTURE AND THIS NOTE
SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE
COMMONWEALTH OF VIRGINIA.

 10
 

 

 

UNITED DOMINION REALTY
TRUST, INC.

ADDENDUM TO MEDIUM-TERM NOTE

(Fixed Rate)

The Company may redeem all
or part of this Note at any time at its option at a redemption price equal to
the greater of (1) the principal amount of this Note being redeemed plus
accrued and unpaid interest to the redemption date or (2) the Make-Whole Amount
for the principal amount of this Note being redeemed.

“Make-Whole Amount” means,
as determined by the Quotation Agent, the sum of the present values of the
principal amount of this Note to be redeemed, together with the scheduled
payments of interest (exclusive of interest to the redemption date) from the
redemption date to the maturity date of this Note being redeemed, in each case
discounted to the redemption date on a semi-annual basis, assuming a 360-day
year consisting of twelve 30-day months, at the Adjusted Treasury Rate, plus
accrued and unpaid interest on the principal amount of this Note being redeemed
to the redemption date.

“Adjusted Treasury Rate”
means, with respect to any redemption date, the sum of (x) either (1) the yield
for the maturity corresponding to the Comparable Treasury Issue, under the
heading that represents the average for the immediately preceding week,
appearing in the most recent published statistical release designated “H.15
(519)” or any successor publication that is published weekly by the Board of
Governors of the Federal Reserve System and that establishes yields on actively
traded United States Treasury securities adjusted to constant maturity under
the caption “Treasury Constant Maturities” (provided, if no maturity is within
three months before or after the remaining term of this Note, yields for the
two published maturities most closely corresponding to the Comparable Treasury
Issue shall be determined and the Adjusted Treasury Rate shall be interpolated
or extrapolated from such yields on a straight line basis, rounded to the
nearest month) or (2) if such release (or any successor release) is not
published during the week preceding the calculation date or does not contain
such yields, the rate per year equal to the semi-annual equivalent yield to
maturity of the Comparable Treasury Issue, calculated using a price for the
Comparable Treasury Issue (expressed as a percentage of its principal amount)
equal to the Comparable Treasury Price for such redemption date, in each case
calculated on the third business day preceding the redemption date, and (y)
..20%.

“Comparable Treasury Issue”
means the United States Treasury security selected by the Quotation Agent as
having a maturity comparable to the remaining term from the redemption date to
the maturity date of this Note that would be utilized, at the time of selection
and in accordance with customary financial practice, in pricing new issues of
corporate debt securities of comparable maturity to the remaining term of this
Note.

“Comparable Treasury Price”
means, with respect to any redemption date, (x) the average of three
Reference Treasury Dealer Quotations for such redemption date, after excluding
the highest and lowest Reference Treasury Dealer Quotations so obtained or
(y) if fewer than five Reference Treasury Dealer Quotations are so
obtained, the average of all such Reference Treasury Dealer Quotations so
obtained.

 11
 

 

 

“Quotation Agent” means the
Reference Treasury Dealer selected by the indenture trustee after consultation
with the Company.

“Reference Treasury Dealer”
means any of J.P. Morgan Securities Inc., Goldman, Sachs & Co., their
respective successors and assigns and three other nationally recognized
investment banking firm selected by the Company that is a primary U.S.
Government securities dealer.

“Reference Treasury Dealer
Quotations” means, with respect to each Reference Treasury Dealer and any
redemption date, the average, as determined by the indenture trustee, of the
bid and asked prices for the Comparable Treasury Issue (expressed in each case
as a percentage of its principal amount) quoted in writing to the indenture
trustee by such Reference Treasury Dealer at 5:00 p.m., New York City time, on
the third business day preceding such redemption date.

 12
 

 

 

ABBREVIATIONS

The following abbreviations,
when used in the inscription on the face of this Note, shall be construed as
though they were written out in full according to applicable laws or
regulations:

	
  TEN COM

  	
  - as tenants in common

  	
  UNIF GIFT MIN ACT - 

  	
   

  	
  Custodian

  	
   

  
	
  TEN ENT

  	
  - as tenants by the entireties

  	
   

  	
  (Cust)

  	
   

  	
  (Minor)

  
	
  JT TEN

  	
  - as joint tenants with right of 

  	
   

  	
  under Uniform Gifts to 

  	
   

  
	
   

  	
  survivorship and not as tenants in common

  	
   

  	
  Minors Act 

  	
  (State)

  

 

Additional
abbreviations may also be used though not in the above list.

 

ASSIGNMENT

FOR VALUE RECEIVED, the
undersigned hereby sell(s), assign(s) and transfer(s) unto

 

	
  PLEASE INSERT SOCIAL SECURITY OR

  OTHER

  IDENTIFYING NUMBER OF ASSIGNEE

  	
   

  

 

	
  

  
	
  (Please print or typewrite name and address
  including postal zip code of assignee)

  
	
   

  	
   

  	
   

  
	
   

  
	
  this Note and all rights thereunder hereby
  irrevocably constituting and appointing

  
	
   

  	
   

  	
   

  
	
   

  
	
  Attorney to transfer this Note on the books of the
  Company, with full power of substitution in the premises.

  

 

	
  Dated:

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  Notice: The
  signature(s) on this Assignment must correspond with the name(s) as written
  upon the face of this Note in every particular, without alteration or
  enlargement or any change whatsoever.

  

 

 13Exhibit
10.21

 

AGREEMENT FOR PURCHASE OF AGENCY ASSETS

THIS AGREEMENT MADE this
11th day of April, 2006 (the “Agreement”) by and
between InsWeb Insurance Services, Inc., and
Goldrush Insurance Services, Inc., both corporations of Gold River, California,
collectively hereinafter referred to as “Seller,” and Brooke Franchise
Corporation, a corporation of Overland Park, Kansas, hereinafter referred to as
“Purchaser.”

DEFINITIONS

For purposes of this
Agreement, the following terms shall have the following meanings unless the
context clearly requires otherwise:

Agency Assets.  Agency Assets shall have the meaning set
forth in paragraph 1 of this Agreement. 
Agency Assets shall specifically exclude: a) the Seller’s operations
related to the sale of life and health insurance and annuities, and b) Seller’s
parent company’s lead generation/lead distribution operations and assets.

Company.  A company issuing, brokering, selling or
making a market for Policies.

Insurance Services.  Insurance services include but are not
limited to the sale, renewal, service or delivery of property casualty insurance
policies, insurance brokering services, insurance customer services, risk
management services and insurance related consulting or advisory services in
connection with Policies.  Insurance
Services shall exclude life insurance, health insurance and annuity related services.

Person.  Any individual, sole proprietorship,
partnership, joint venture, trust, unincorporated organization, association,
corporation, limited liability company, institution or other entity.

Policies.  Any and all property and casualty Insurance Services,
policies, coverages or products bindably quoted, sold, renewed, serviced or
delivered through Seller to any Person.   Policies shall specifically exclude life
insurance, health insurance and annuity services, policies, coverages and
products.

Now,
therefore, in consideration of the mutual promises, covenants,
and agreements set forth hereinafter, the Seller does hereby agree to sell and
the Purchaser does hereby agree to purchase the Agency Assets hereinafter
described on the terms and conditions set forth as follows:

TERMS AND CONDITIONS

1.  Subject Matter of the Agreement.  Seller hereby agrees to sell, transfer,
assign and convey unto the Purchaser all of Seller’s right, title and interest
in and to the Policies.  Such sale shall
include: the “book of business” associated with the Policies which includes but
is not limited to: all customer accounts associated with all Policies; goodwill
associated with all Policies; all electronic and paper customer lists, whether
past, current or prospective customers associated with the Policies; all
electronic and paper customer files, whether past, current or prospective
customers associated with the Policies; all customer renewals associated with
the Policies; all electronic and paper customer records, whether past, current
or prospective customers associated with the Policies;  and all other intangible assets associated
with the Policies.  Such sale shall also
include all office equipment and other personal property specifically
identified on the listing attached hereto as Exhibit C.  All assets shall be conveyed unto Purchaser,
free and clear of any claims, liens and encumbrances whatever.   The assets described in this paragraph shall
be collectively referred to as the “Agency Assets.”

2.   Purchase Price.  (a) In consideration of the sale of the above
described Agency Assets, the Purchaser agrees to pay the total sum of Two
Million Fifty Thousand and No/100 Dollars ($2,050,000) in the following manner:

(b) The sum of Thirty Thousand and No/100 Dollars ($30,000)
as earnest money, the receipt of which is hereby acknowledged.

(c) The sum of One Million Eight Hundred Twenty Thousand and
No/100 Dollars ($1,820,000) shall be paid to Seller on the date of closing.

(d) The balance of the purchase price in the amount of Two Hundred
Thousand and No/100 Dollars ($200,000) shall be paid in one (1) installment of Two
Hundred Thousand and No/100 Dollars ($200,000) which shall be due one hundred
and twenty (120) days after the closing of this Agreement.

(e) The total purchase price described in paragraph 2(A) (the
“Total Purchase Price”) shall be reduced by $200,000 if during the four month
period immediately following closing, Seller does not fulfill its obligations
to transfer the Agency Assets to Purchaser

 

such as send (or provide to Purchaser to send) the transfer
letters in the form attached hereto as Exhibit B to Companies, send follow-up
letters at Purchaser’s request, sign such other forms or letters required to
effect the transfer, and/or request Companies to discontinue direct deposit of
property and casualty commissions to Seller’s accounts and sign all forms
necessary to effect such discontinuance.

3. Conveyance of Title and
Delivery of Property.   (a)
Seller shall convey title to the above described Agency Assets by a Bill of
Sale which shall be executed, acknowledged, and delivered to the Purchaser on
the closing date of this Agreement, free of all liens and encumbrances whatever.  The bill of sale shall be in the form
attached hereto as Exhibit A and made a part hereof by reference.

(b) Seller shall transfer
to Purchaser all Policies that are a part of the book of business sold pursuant
to this Agreement by executing and delivering Transfer Letters (hereinafter the
“Transfer Letters”)  to the Purchaser or
the Companies on the closing date of this agreement.  The Transfer Letters shall be in the form
attached hereto as Exhibit B with Seller’s original signatures for each such
Transfer Letters.  Seller furthermore
agrees to sign any additional forms or letters which may be required to
transfer said Policies or any other Agency Assets set forth in paragraph 1 of
this Agreement.

(c) Seller shall deliver
to Purchaser on the closing date of this Agreement the entire contents of all
paper and electronic files for all of Seller’s past, current and prospective
customers associated with the Policies. Delivery shall be at Seller’s expense
and shall be by a courier the parties mutually agree will provide acceptable
security and deliverance assurances. Seller shall also deliver to Purchaser, in
electronic and paper format, a book of business report for the Policies by
expiration date.  Electronic files may be
made available in electronic text format using comma separated values or in
paper format by printing customer lists, customer data, customer notes,
customer accounting, customer history, Policy expiration lists, Policy notes,
Policy accounting, Policy history, claims notes and other records which are
stored in Seller’s electronic files. 
Seller agrees that Seller will arrange to have all Policy data
irretrievably deleted from its electronic storage units (such as computers,
servers, management systems, backup drives), unless such Policy data resides on
computer equipment that is transferred to Purchaser under this agreement.

4.
Closing.  Closing of this sale shall occur on April 28,
2006, and shall be effective on such date (hereinafter the “closing date”),
unless another date is agreed upon in writing by the parties.

5.
Effective Date of Transfer of Business and
Obligations.  (a) All of the
Agency Assets conveyed under the terms of this Agreement shall be transferred
as of the closing date.  Purchaser shall
be entitled to all commissions for Policies and other positive statement
balances associated with Policies (whenever and by whomever written) which are
received on or after the closing date and/or reported on Company commission
statements received on or after April 15, 2006. 
Furthermore, Purchaser shall be entitled to all Policy fees (including
but not limited to all copy fees, administrative fees, broker fees, specialty
fees, MVR fees, etc.) and any bonuses as more fully described in paragraph 5(f),
for all Policies (whenever and by whomever written) which are received by
Seller or Purchaser from any Person on or after April 15, 2006.  If Purchaser becomes aware of any commissions
paid to Seller but otherwise owed to Purchaser as described above, Purchaser
may offset any amounts due Seller pursuant to paragraph 2(d), if any, plus interest
at the maximum rate allowable by law (not to exceed 18% per annum) or Purchaser
may demand reimbursement from Seller, in which case Seller agrees to fully and
promptly reimburse Purchaser.

(b) Seller shall be
liable for all debts, premiums, statement balances reflected on Company
statements dated prior to the closing date, and other obligations incurred
prior to the closing date.  Seller
acknowledges that the value of the assets sold pursuant to this Agreement is
diminished if Seller does not promptly pay its obligations to Customers, and/or
Companies including without limitation, the net policy premiums (or return
premiums) on Policies written (or cancelled) prior to the closing date.  As such, if Purchaser becomes aware that any
such agency related expenses are not paid when due, then Purchaser may elect,
but is not obligated, to pay any such amounts on behalf of Seller, in which
event, at Purchaser’s sole option, Purchaser may offset any amounts due Seller
pursuant to paragraph 2(d), if any, plus interest at the maximum rate allowable
by law (not to exceed 18% per annum) or Purchaser may demand reimbursement from
Seller, in which case Seller agrees to fully and promptly reimburse Purchaser.

(c) Seller agrees that in the event
there are outstanding debts, premiums, return premiums, statement balances
and/or other obligations on Policies written prior to the closing date,
Purchaser, at its sole discretion, may offset any amounts collected pursuant to
this paragraph 5(c) from amounts owed to Seller pursuant to this paragraph 5(c).  In the event such amounts collected are
insufficient to satisfy any outstanding debts, premiums, return premiums,
statement balances and/or other obligations on Policies, at Purchaser’s sole
option, Purchaser may offset any remaining amounts due Seller pursuant to
paragraph 2(d), if any, plus interest at the maximum rate allowable by law (not
to exceed 18% per annum) or Purchaser may demand reimbursement from Seller, in
which case Seller agrees to fully and promptly reimburse Purchaser.

 

(d) After the closing date Seller
shall not be responsible for payment to Purchaser of commissions on any
reduction of premiums which result from policy cancellations, policy
endorsements or policy audits for Policies and which are reflected on any
Company statement dated after the closing date. 
After the closing date, Seller shall be responsible for any additional
amounts due Customer, Companies or other Persons which result from policy
cancellations, policy endorsements, or policy audits for Policies and which are
reflected on any Company statement dated prior to (or first recorded on Company
statements dated prior to) the closing date. 
Correspondingly, after the closing date, Purchaser shall not be
responsible for payment to Seller of commissions on any additional premiums
which result from Policy endorsements or Policy audits for Policies and which
are reflected on any Company statement dated after the closing date. After the
closing date, Purchaser shall be responsible for any additional amounts due
Customer or Companies which result from policy cancellations, policy
endorsements, or policy audits for Policies and which are reflected on any
Company statement dated after the closing date; provided such additional
amounts were not first reflected on Company statements dated prior to the
closing date.  Notwithstanding any other
provision of this Agreement, Seller shall be responsible for any and all
amounts due Companies or other Persons which result from policy cancellations,
policy endorsements, policy audits, or any other Policy related activity
arising out of or in connection with Policies originally written by Seller
through any Company that is subject to receivership, rehabilitation, or liquidation
as of the closing date, regardless of the time that such charges are invoiced
or appear on any Company or agent statement.

(e) Seller shall remit to
Purchaser on the closing date any funds received by Seller for Policies written
on or subsequent to the closing date.

(f) Purchaser shall be
entitled to all profit sharing commissions, bonus commissions, performance
compensation, prizes and trips, advertising allowances or override commissions
received by Seller or Purchaser on or after the closing date associated with
the Agency Assets.

6.  Hold Harmless Guaranty.
  (a) Seller hereby agrees and promises
to indemnify, defend and hold Purchaser harmless for any and all liability that
may arise by reason of Seller’s or Seller’s owner’s, directors, officers, employees
and independent contractors negligence or failure to renew, issue or otherwise
service any Policy prior to the date of closing, it being agreed that any
liability for such errors and omissions in the transaction of business shall
vest solely with Seller.  Further, Seller
hereby agrees and promises to indemnify, defend and hold Purchaser harmless
from and against any and all claims made by any Person for Seller’s, Seller’s
owners, directors, officers, employees and independent contractors actions and/or
inactions prior to the closing date, including but not limited to any claim
from a broker/listing agent claiming a fee for the sale of the Agency Assets
that are the subject matter hereof.

(b) Purchaser hereby
agrees and promises to hold Seller harmless for any and all liability that may
arise by reason of Purchaser’s or Purchaser’s owner’s, directors, officers,
employees and independent contractors negligence or failure to renew, issue or
otherwise service any Policy after the date of closing, it being agreed that
any liability for such errors and omissions in the transaction of business
shall vest solely with Purchaser.

7.  Contingencies. (i) This
Agreement is subject to Purchaser’s due diligence including verification of
Seller’s information set forth in the Seller’s Survey previously submitted to
Purchaser, a copy of which is attached hereto as Exhibit G.  (ii) This Agreement is further contingent
upon Seller obtaining and providing to Purchaser a form of the non disclosure agreement
applicable to Seller’s licensed personnel, producers, customer service
representatives and employees.  Seller
does hereby covenant and agree to enforce such agreements for the continued
benefit of Purchaser.  However, Seller
agrees that Purchaser, at its option, shall have the right to enforce such
agreements, but is not required to do so. 
(iii) Finally, this Agreement is contingent upon there being no material
adverse change in the manner of operation of Seller’s business, no material
adverse change in the acquired assets, Seller’s full compliance with all
applicable transfer rules and obligations, if any, under State or Federal law,
and there being no suit, action, or other proceeding threatened or instituted
to restrain, enjoin, or otherwise prevent the consummation of this Agreement or
the contemplated transactions.

8.  Covenants of Seller.  (a) Seller does, hereby, covenant and agree
that its owners, directors, officers and employees will, at all times, on and
after the closing date, assist and cooperate with Purchaser in transferring to
Purchaser all Policies.  Further, Seller
does, hereby, covenant and agree that its owners, directors, officers and
employees will, to the extent possible and at all times, on and after the
closing date, assist and cooperate with Purchaser in the transition or transfer
of the Agency Assets.

(b) Seller, its parent
company and affiliated companies (collectively for the purposes of this
paragraph 8(b), “Seller”) agree that they will not engage directly or
indirectly in the business of selling  property and casualty policies in or within the
states where there are Policies for a period of two (2) years from and after
the closing date.  Seller further agrees
that for a period of five (5) years from and after the closing date, it will
not directly or indirectly solicit or write property and casualty insurance policies
for

 

any customers that have Policies sold pursuant to this Agreement and
will not directly or indirectly attempt to divert any customer that has a
Policy sold pursuant to this Agreement from continuing to do business with Purchaser.  In addition, Seller agrees not to make any
disparaging statements about Purchaser, its assigns or the Agency Assets.  Seller agrees not to provide any customer
lists, customer records, customer files, customer renewal or expiration lists,
or other confidential information regarding the Policies sold pursuant to this
Agreement to any Person without Purchaser’s prior written consent.  The parties acknowledge and agree that the
period associated with any of the restrictive covenants contained in this
paragraph 8(b) shall be suspended during any period of violation and/or any
period of time required to enforce this covenant by settlement, mediation,
arbitration, litigation, threat of arbitration or threat of litigation. Moreover,
Seller agrees that violation of the covenants set forth in this paragraph 8(b)
will cause Purchaser irreparable harm and Purchaser shall be entitled to the
immediate issuance of a temporary restraining order for any violations hereof.  The parties also acknowledge that the
covenants set forth in this paragraph 8(b) are material to this agreement, that
the covenants contained in this paragraph 8(b) are reasonable and necessary,
and that Seller has received sufficient and adequate consideration for same.  Notwithstanding any provision of this
paragraph 8(b), Seller shall not be prohibited from conducting its life
insurance, health insurance and annuity agency business.  Furthermore, Purchaser acknowledges that
customers who own Policies may contact and request quotes through Seller’s
internet based quotation system, that Seller will not screen or block customers
who have Policies from requesting quotes, and that Seller may sell to third
parties leads generated through quotes requested by customers who own
Policies.  Notwithstanding any other
provision of this Agreement, Seller’s internet lead generation/distribution
system shall not be deemed indirect solicitation or writing of customers and Seller
shall not be prohibited from conducting its lead generation and distribution
business in any state so long as such business is conducted in the ordinary
course and Seller does not distribute, sell or provide in whole or in part the
list of Policies to any Person.

 

(c) Seller does hereby
covenant and agree to deliver to Purchaser all evidence of ownership and origin
of all Agency Assets.

(d) Seller does hereby
covenant and agree to enforce, for the continued benefit of Purchaser, all non
disclosure agreements pertaining to the Policies or related information between
Seller and its owners, producers, directors, officers, independent contractors
and employees.

(e) From the date hereof
and continuing through the closing date, described as the “Interim Period”,
Seller shall not transfer, remove or sell or contract to transfer, remove or
sell any Agency Assets.  During the
Interim Period, Seller shall promptly notify Purchaser of any change in agency
operations which might have a material adverse effect on the Agency Assets.

(f) The Seller covenants,
warrants and represents that it will disclose to Purchaser prior to the closing
date all Companies that direct deposit (or otherwise deliver) commissions into
any of Seller’s accounts.  Seller hereby
covenants and agrees that if Companies, continue on or after the closing date
to directly deposit or deliver checks to Seller for commissions due Purchaser
pursuant to this Agreement, Seller will immediately notify Purchaser that said
commissions were deposited into Seller’s account (or otherwise delivered to
Seller) and will forward said commissions on to Purchaser within five (5)
business days of such deposit or delivery. 
Seller agrees that if its fails to abide by the terms of this paragraph
8(f), Purchaser has the authority to decrease amounts due Seller, if any,
pursuant to paragraph 2(d) or any other provision of this Agreement, plus
interest at the maximum rate allowable by law (not to exceed 18% per annum),
and further has the right to pursue any and all other remedies available to it.

(g)  The Seller covenants, warrants and represents
that there are no creditors and/or lienholders with a claim against the Agency
Assets.  Purchaser acknowledges the
existence of a putative claim against Seller captioned Amy Ann Healy v.
Leader Insurance Company, et al Allegheny County, Pennsylvania No. GD
04-8624. Seller hereby covenants and agrees that if any creditors and/or
lienholders (including but without limitation Amy Ann Healy) make a claim
against Purchaser or any Agency Assets that are the subject matter of this
Agreement, Seller and its parent company shall satisfy such claims in full, to
the satisfaction of such creditors and/or lienholders and to the satisfaction
of Purchaser, it being agreed that Seller and its parent company agree to
indemnify, defend and hold Purchaser harmless from and against any such
creditors’ and/or lienholders’ claims, liens and/or other encumbrances.

9.  Warranties and
Representations of the Purchaser. 
The Purchaser warrants and represents that it is a corporation, duly
organized, existing and in good standing under the laws of the State of
Missouri. Purchaser warrants and represents that it has taken all necessary
corporate action, including, but not limited to, binding resolutions of all of
its directors to enter into this agreement and to carry out the terms and
conditions thereof.

10.  Warranties and Representations of the Sellers.  (a) If Seller is a corporation duly
organized, existing and in good standing under the laws of the State of California
and Seller warrants and represents that it has taken all necessary action and
has the

 

requisite authority,
including, but not limited to, binding resolutions/actions of all of its
directors and shareholders/members to enter into this Agreement and to carry
out the terms and conditions thereof.

(b) The Seller warrants and
represents that it has received sales commissions in connection with the
Policies, excluding

(i)                   profit sharing
commissions,

(ii)                vested producer
commissions,

(iii)             life and/or health
insurance commissions,

(iv)            policy fees, and

(v)     brokered policies commissions (which shall
not be interpreted to include Policies written through Goldrush Insurance
Services, Inc.), of at least One Million Five Hundred Thirty-nine Thousand
Seven Hundred and No/100 Dollars ($1,539,700), for the twelve (12) month period
ending February 28, 2006.  This figure
represents the amount Seller has booked in their financial statements for the
period of March 1, 2005 to February 28, 2006 in accordance with GAAP. The
Seller warrants and represents that, in connection with the Policies, it has
received policy fees (which for the purposes of this Agreement shall be deemed
to include but not be limited to all copy fees, administrative fees, consulting
fees, broker fees, specialty fees, MVR fees, application fees, etc.) of at
least Zero and No/100 Dollars ($0000), for the twelve (12) month period ending February
28, 2006.  The Seller warrants and
represents that it has provided (or will provide by April 17, 2006) accurate
and complete third party documents containing commissions information and that
an affidavit, a copy of which is attached hereto as Exhibit D, has been
executed (or will be executed simultaneously at the time such third party
documentation is provided) and attached to said documents.  The Seller further warrants and represents
that it has provided (or will provide by April 17, 2006) accurate and complete
documentation requested by Purchaser with regard to such policy fees
represented.  Furthermore, prior to
closing Seller agrees to notify Purchaser immediately if it becomes aware of
any circumstances which would reduce the amounts warranted or represented in
this paragraph 10(b) or would make the documents provided with Exhibit D
unreliable for forecasting future commissions, including without limitation:
(a) the actual or pending cancellation or non renewal of any Policies, (b)
Company changes in underwriting, organization, premiums or management, (c) the
actual, pending or threatened Company contract cancellation, whether written or
verbal, or (d) regulatory changes.

(c) The Seller warrants
and represents that it is the sole and legitimate owner of the Agency Assets to
be purchased and sold pursuant to this Agreement.

(d) The Seller warrants
and represents that it currently has an errors and omissions insurance policy
in force and that such policy will remain in force for a period of three (3)
years from and after the closing date to provide continuing errors and
omissions insurance coverages or that a “tail” policy will be or has been
purchased (on or before the closing date) which provides for continuing errors
and omissions insurance coverages for a period of three (3) years.  In either case, Seller will provide Purchaser
with proof of such coverage on the closing date and annually thereafter.

(e) The Seller warrants
and represents that all of its licensed producers and representatives are/have
been employees and that it does not have (and has not had during the preceding
twelve (12) months) agreements with employees other than non disclosure agreements
signed by employees for the benefit of and to protect Seller.

(f) The Seller warrants
and represents that it has fully and accurately disclosed to Purchaser in
writing in the form attached hereto as Exhibit F:  all trade names Seller currently uses or has
used; all locations at or from which Seller conducts or has conducted agency
business; all websites and email addresses; all telephone and telefax numbers;
Seller’s chief executive office if Seller conducts business at more than one
location;  names of prior owners of any
of the Agency Assets;  and the location
of Agency Assets for preceding five (5) years.

(g) The Seller warrants
and represents that it has fully and accurately disclosed to Purchaser all
information elicited by the Seller’s Survey attached hereto as Exhibit G.

(h)  Some jurisdictions have adopted bulk transfer
laws requiring that Seller’s creditors be given advance notice of an asset
sale.  Failure to comply with the bulk
transfer requirements can result in the transfer being ineffective with respect
to the Seller’s creditors, leaving them in a position to recover against the
assets purchased by the Purchaser. 
Seller and Seller’s parent company agree to fully defend, indemnify and
hold Purchaser harmless from and against such creditors’ claims.

 

(i)  The Seller warrants and represents that
Seller has paid or will pay on or prior to the closing date all debts,
premiums, claims, statement balances and obligations on Policies, whether to
Companies, policy holders, or otherwise, written prior to the closing date.

11.  Use of Names and PO Box
and Telephone Number. As a result of the sale contemplated herein,
the Purchaser shall on and after the date of closing be entitled to the use of
the Seller’s Name (“InsWeb Insurance Services” and “Goldrush Insurance Services”)
for transitional purposes.  Transitional
purposes shall include use of Seller’s Name in electronic and paper customer
notifications of the transfer, electronic and paper Company notifications of
the transfer, and electronic and paper public announcements; provided that all
materials using Seller’s Names shall be approved by InsWeb Corporation prior to
dissemination, which approval shall not be unreasonably withheld or delayed.  Furthermore, Purchaser’s use of Seller’s Names
for transitional purposes shall not imply or state that Seller has endorsed the
message, that Seller is the sender, or that Purchaser is the owner of Seller’s
Name.  For a period of two (2) years
following the closing date, the Seller shall not use or authorize anyone else
to use Seller’s Names in connection with a property and casualty insurance
agency operation.  Purchaser shall
acquire all rights to the telephone listings, telephone numbers, telefax
numbers, email addresses, websites, and post office boxes listed on Exhibit F.

12.  Security Interest.  (a) To secure the payment of the
sums described in paragraph 2(d) hereof, Purchaser hereby grants to Seller a
security interest in and to the Agency Assets, as of the closing date, which
are purchased from Seller pursuant to this Agreement.  Such security interest shall be subordinate
to any security interest granted by Purchaser to the lender financing Purchaser’s
acquisition of the Agency Assets.  (b)
The Purchaser agrees to deliver to the Sellers a UCC-1 financing statement
evidencing said security interest in form suitable for filing upon request from
Seller.

13.  Default.   (a) Time
is of the essence of this Agreement. Purchaser agrees that Purchaser shall
complete its inspection pursuant to paragraph 7(i) within five (5) business
days of receipt of information from Seller reasonably necessary to conduct
Purchaser’s due diligence inspection (the “Inspection Cut Off Date”).  If Purchaser is dissatisfied with the
inspection described in paragraph 7(i), Purchaser shall notify Seller of its
dissatisfaction on or before the close of business on the Inspection Cut Off
Date, and this Agreement may, at option of the Purchaser, become null and void,
and Purchaser shall be entitled to the return of all earnest money payments and
all parties shall thereupon be released from any further liability under this
Agreement.  If Purchaser does not notify
Seller of Purchaser’s dissatisfaction on or before the Inspection Cut Off Date,
the earnest money deposit paid by Purchaser pursuant to paragraph 2(b) shall
become non refundable and in the event that the Purchaser shall fail to pay the
amount due on the date of closing as described in paragraph 2(c) hereof, then
this Agreement shall immediately become null and void and the Seller shall be
entitled to retain the earnest money described in paragraph 2(b) hereof as
liquidated damages.  Notwithstanding the
other provisions of this paragraph 13(a), in the event either contingency set
forth in paragraph 7(ii) or (iii) is not met, this Agreement may, at option of
the Purchaser become null and void and Purchaser shall be entitled to this
return of all earnest money payment and all parties shall thereupon be released
from any further liability.

(b) In the event that the Purchaser shall fail to make any of the
installment payments described in paragraph 2(d) hereof within five (5) days of
the payment due date, Seller, or their authorized agents, shall give written
notice of such default to the Purchaser at the address shown hereinafter.  In the event Purchaser fails to cure its
default within ten (10) days of receipt of written notice, then the Seller
shall be entitled to interest at the maximum rate allowable by law (not to
exceed 18% per annum), and further has the right to pursue any and all other legal
remedies available to it.

14. Assignment of Purchaser’s
Interest. It is agreed that Purchaser has the unconditional right to
assign or transfer any or all of Purchaser’s rights and obligations obtained or
incurred pursuant to this agreement to a qualified assignee or purchaser
capable and having financial resources to honor all commitments contained
herein, as may be determined by Purchaser. 
In the event of any such assignment or transfer, Purchaser hereby guaranties
all payments due Seller under the terms of this Agreement.

15. Miscellaneous Agreements
of the Parties.  (a) The
Purchaser shall not assume any of Seller’s obligations with regards to
employees, producers, independent contractors, lessors (real or personal
property, equipment or otherwise), vendors, suppliers, advertisers or utility
companies. (b) Seller and Seller’s parent company acknowledge that Purchaser
shall make public statements regarding the acquisition of the Agency Assets and
consent to a press release and other public statements by Purchaser regarding
the acquisition by Purchaser of the Agency Assets; provided however, all public
statements or press releases by Purchaser shall b approved by InsWeb
Corporation prior to their dissemination, which approval shall not be unreasonably
withheld or delayed..

16. Entire Agreement.  (a) This Agreement contains all of
the terms and conditions of agreement between the parties hereto relative to
the subject matter hereof, and no other agreement relative thereto between
them, whether past, present or future, shall be valid unless the same is
reduced to writing and signed by each of the parties.

 

(b) Upon execution of
this Agreement, any confidentiality agreement previously signed by Purchaser,
if any, is no longer valid and no longer enforceable; provided however,
Purchaser shall continue to maintain the confidentiality required by this
Agreement.

(c) The parties agree that the following listed exhibits are an
integral part of this agreement.  The
parties acknowledge that Exhibit B, Exhibit C, Exhibit E, and Exhibit F are
fully executed original documents.  The
parties further acknowledge that Exhibit D and Exhibit G are copies of fully
executed original documents.

Exhibit A-       Bill of Sale

Exhibit B-         Transfer Letter(s)

Exhibit C-         Listing of Office
Equipment and Other Personal Property

Exhibit D-        Affidavit

Exhibit E-          List of Agreements

Exhibit F-          Disclosure of Trade
Names, etc.

Exhibit G-         Seller’s Survey

(d)  This Agreement may be delivered
electronically and may be executed in two or more counterparts, each of which
shall be deemed an original, and all of which when taken together shall
constitute one and the same agreement.

17.  Amendments.  This Agreement may not be modified, revised,
altered, added to, or extended in any manner, or superseded other than by an
instrument in writing signed by all the parties hereto.  No waiver of any provision hereof shall be
effective unless agreed to in writing by all parties hereto.  Any modification or waiver shall only be
effective for the specific instance and for the specific purpose for which
given.

18.  Failure to Enforce, Not Waiver.  The failure by either party to enforce any
provision of this Agreement shall not be in any way construed as a waiver of
any such provision nor prevent such party thereafter from enforcing each and
every other provision of this Agreement.

19.  Invalidity or Non-enforceability.  The invalidity or non-enforceability of any
particular provision of this Agreement shall not affect the other provisions
hereof, and this Agreement shall be construed in all respects as if such
invalid or unenforceable provisions were omitted.  However, if it is determined that the non
compete or non solicit provisions set forth in paragraph 8(b) are not
enforceable for any reason (including but not limited to being unenforceable
for the full stated period of time or the stated geographic region), such non
compete or non solicit provisions shall not be stricken, but shall be reformed
to the extent required to be enforceable under and comply with applicable law
and as reformed shall be fully enforceable.

20.  Governing Law.  This Agreement shall be construed and
governed by the laws of the State of Kansas. 
Subject to paragraphs 24 and 25, at the option of Purchaser,
jurisdiction and venue for any dispute arising under or in relation to this
Agreement will lie only in the State of Kansas with the Phillips County
District Court, or the U.S. District Court having jurisdiction over Phillips
County in the State of Kansas.  The
locale for any arbitration shall be the American Arbitration Association
hearing office in Kansas City Missouri. In the event that an arbitration
action, lawsuit, administrative proceeding or litigation is brought with
respect to this Agreement, the prevailing party shall be entitled to be
reimbursed for, and/or have judgment entered with respect to, all of its costs
and expenses, including reasonable attorney’s fees’ and legal expenses.

21.  Notices.  Notices which may be required to be sent by
Seller or Purchaser in accordance with this Agreement shall be sent to the
address set forth below or such other address as may be designated by such
party provided notice of such change in address has been given to the other
party.  Notices shall be deemed effective
if in writing, and delivered by hand or mailed by United States Mail, postage
prepaid, mailed by certified mail, with return receipt requested, or mailed by
express courier with date of receipt confirmed. 
The effective date of notice shall be the day of delivery by hand; if
mailed by regular mail, four business days following the mailing thereof; and,
if by certified mail or express courier, the date of receipt thereof:

	
  Seller Address:

  	
  Purchaser Address:

  
	
  InsWeb Insurance
  Services, Inc.

  	
  Brooke Franchise Corporation

  
	
  Goldrush
  Insurance Services, Inc.

  	
  Attn: Shawn Lowry

  
	
  11290 Pyrites
  Way

  	
  10950 Grandview Drive, Ste 500

  
	
  Gold River CA
  95670

  	
  Overland Park, KS 66210

  
	
  Attn: General
  Counsel

  	
   

  

 

 

22.
Binding Effect. This agreement executed
in triplicate shall be binding upon each of the parties hereto, their heirs,
administrators, successors and assigns. 
The use of the masculine shall include the feminine, and the use of the
singular shall include the plural.

23.  Timeliness.  Timeliness and punctuality are essential
elements of this Agreement.

24.  Mediation.  Any issue, claim or dispute that may arise
out of or in connection with this Agreement (including any exhibits, addenda or
other document executed in connection herewith) and which Purchaser and Seller
are not able to resolve themselves by negotiation, shall be submitted to
mediation in a manner agreed to by Purchaser and Seller.  Purchaser and Seller agree to use mediation
to attempt to resolve such issue, claim or dispute prior to filing any
arbitration action, lawsuits, complaints, charges or claims.  Purchaser and Seller will select an
independent mediator agreeable to both parties. 
The mediator will communicate with the parties to arrange and convene
the mediation process that will be most efficient, convenient and effective for
both parties.  The costs of the mediation
and fees of the mediator will be borne equally by Purchaser and Seller.  The parties will cooperate with the mediator
in coming to a reasonable agreement on the mediation arrangements which will
include the time and place for conducting the mediation, who will attend or
participate in the mediation and what information and written material will be
exchanged before the mediation.  The
mediation will be conducted at a place agreeable to both Purchaser and Seller.

25. Arbitration.  Any issue, claim or dispute that may arise
out of or in connection with this Agreement (including any exhibits, addenda or
other document executed in connection herewith) and which Purchaser and Seller
are not able to resolve themselves by mediation, shall be submitted to
arbitration administered by the American Arbitration Association under its
Commercial Arbitration Rules, and judgment on the award rendered by the
arbitrator(s) may be entered in an court having jurisdiction thereof.  Purchaser and Seller agree to use arbitration
to resolve such issue, claim or dispute prior to and in lieu of filing any
lawsuits, complaints, charges or claims. 
In the event a proceeding is brought with respect to this Agreement, the
prevailing party shall be entitled to be reimbursed for and/or have judgment
for all of their costs and expenses, including reasonable attorney’s fees and
legal expenses.

26.  Advice of Counsel.  Seller acknowledges and agrees that this Agreement
and all other agreements ancillary hereto have been prepared by Purchaser and
counsel for Purchaser representing its interests and not those of Seller with
respect to the transactions documented by this Agreement and the ancillary
documents.  Seller further acknowledges
and agrees that Seller has been provided the opportunity and encouraged to
consult with counsel of Seller’s own choosing with respect to this Agreement
and the ancillary agreements.  Seller
acknowledges that Seller has read all of the provisions of this Agreement and
that each understands such provisions.

	
  SELLER:

  	
  PURCHASER:

  
	
   

  	
   

  
	
  /s/ L. ERIC LOEWE

  	
   

  	
  /s/ SHAWN
  LOWRY

  
	
  Senior Vice President and General Counsel

  	
  President

  
	
   

  	
   

  
	
  SELLER:

  	
   

  
	
   

  	
   

  
	
  /s/ L. ERIC LOEWE

  	
   

  	
   

  
	
  Senior Vice President and General Counsel

  	
   

  

 

 

AGREEMENT

 

The undersigned agree(s) to and is (are) bound by
the covenants set forth in paragraph 8(b), 8(g) and 10(h) herein and
specifically acknowledge that the covenants contained in said paragraphs are
assignable and are reasonable and necessary and that the undersigned has
received ample consideration for same.

InsWeb
Corporation

	
  /s/ L. ERIC
  LOEWE

  	
   

  
	
  Senior Vice President and General Counsel

  

 

Exhibit A
to Agreement for Purchase of Agency Assets

BILL OF SALE

Now on this 28th day of April, 2006, for good and valuable
consideration, the receipt of which is hereby acknowledged, InsWeb Insurance
Services, Inc. and Goldrush Insurance Services, Inc. of Gold River, California,
collectively as Seller, hereby sells, transfers, assigns and conveys unto
Brooke Franchise Corporation, all of Seller’s right, title and interest in and
to the Policies.  Such sale shall
include: the “book of business” associated with the Policies which includes but
is not limited to: all customer accounts associated with all Policies; goodwill
associated with all Policies; all electronic and paper customer lists, whether
past, current or prospective customers associated with the Policies; all
electronic and paper customer files, whether past, current or prospective
customers associated with the Policies; all customer renewals associated with
the Policies; all electronic and paper customer records, whether past, current
or prospective customers associated with the Policies; and all other intangible
assets associated with the Policies.  All
assets shall be conveyed unto Purchaser, free and clear of any claims, liens
and encumbrances whatever.   The assets
described in this paragraph shall be collectively referred to as the “Agency
Assets.”

All assets are hereby
conveyed unto Purchaser, free and clear of any claims, liens, taxes and
encumbrances whatever.

	
  

  	
  SELLER

  
	
  Attest: (If
  incorporated)

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
  Name:

  
	
   

  	
   

  	
  Title:

  
	
  Secretary

  	
   

  
	
   

  	
   

  
	
   

  	
  SELLER

  
	
  Attest: (If incorporated)

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
  Name:

  
	
   

  	
   

  	
  Title:

  
	
  Secretary

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
  State of 

  	
   

  	
   

  	
   

  
	
  County of 

  	
   

  	
   

  	
   

  
								

 

        Be it remembered that on
this         day of           ,
2006, before me, a Notary Public, in and for the County and State aforesaid,
appeared             
and                      who
are known to me and who executed the above and foregoing Bill of Sale.

 

	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  

  	
   

  	
   

  
	
   

  	
  Notary Public

  
	
   

  	
   

  
	
   

  	
   

  
	
  My Commission
  Expires:                                     

  	
   

  	
   

  
				

 

 

 

 

 

Exhibit B
to Agreement for Purchase of Agency Assets

TRANSFER LETTER

(Date)

ATTENTION:  Agency Licensing / Agency Contracting /
Marketing Department / Underwriting Department / Accounting Department

Re:          Transfer of [InsWeb Insurance Services,
Inc.] Policies (Seller’s Agency Code)

To Whom It May Concern:

Be advised that InsWeb
Insurance Services, Inc. of Gold River, California has sold its property and
casualty policies to Brooke Franchise Corporation effective on April 28, 2006.  Please route this transfer letter to the
proper department so that the agent of record for the policies assigned to InsWeb
Insurance, Inc. will be transferred to Brooke Agency Services Company, LLC.

 The following information about Brooke Agency
Services Company, LLC is provided to expedite the process:

Primary Contact

Voice Phone Number

Fax Phone Number

Email Address

PO Box

 

Street Address

City, State and Zip Code

Tax Identification Number

 

Thank you.

 

	
   

  	
   

  	
   

  
	
  

  	
  By:

  
	
   

  	
  Title:

  

 

Brooke Agency Services
Company LLC accepts transfer of the referenced policies.  I have attached a resolution that authorizes
me to accept these policies on behalf of Brooke Agency Services Company LLC and
names the individuals who may transfer these policies or change address on
Brooke Agency Services Company’s behalf in the future.   In addition to effecting
the above transfer, we hereby requests that all current agency bill policies be
converted to direct bill and that all new policies be issued direct bill.  Thank you for your time and attention to this
matter.

	
   

  	
   

  
	
  

  	
  By:

  	
  Bryan Whipple

  
	
   

  	
  Title:

  	
  Vice President

  
				

 

 

Exhibit C to Agreement for Purchase of Agency
Assets

LISTING
OF OFFICE EQUIPMENT AND OTHER PERSONAL PROPERTY

1.                     NONE

 

 

The above listing
specifically identifies the office equipment and personal property which are a
part of the assets being sold pursuant to our Agreement.

	
   

  	
   

  
	
  SELLER:

  	
  PURCHASER:

  
	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  By:

  	
  By:

  
	
  Title:

  	
  Title:

  
	
   

  	
   

  
	
  SELLER:

  	
   

  
	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  By:

  	
   

  
	
  Title:

  	
   

  

 

 

Exhibit D
to Agreement for Purchase of Agency Assets

AFFIDAVIT

STATE OF                                   )

COUNTY OF                               )

COMES
NOW, the undersigned, having first been duly sworn on oath,
states and alleges as follows:

1.                  The
undersigned is sufficiently familiar with insurance industry accounting
processes to understand what documents are required by Brooke Franchise
Corporation to verify commissions from independent sources such as insurance
companies and managing general agents and these documents are attached.

2.                  The
attached documents are originals or copies certified by the undersigned to be
accurate representations of the originals. 
The attached documents are full and complete records and have not been
altered.

3.                  The
undersigned is not aware of any circumstances which would make the attached
documents unreliable for forecasting future commissions.  Such circumstances could include (a) the
actual or pending cancellation or non-renewal of policies which are not
recorded on the attached documents; (b) insurance company changes in
underwriting, organization, premiums or management; (c) the actual, pending or
threatened Company contract cancellation, whether written or verbal; or (d)
regulatory changes.

4.                  The
attached documents include full and complete statements for the following
listing of insurance companies and general agents for the period of             ,
             
to            ,             .

Dated:                                

SEE ATTACHED LISTING

The attached documents
are originals or certified copies of original documents necessary for Brooke
Franchise Corporation to verify commissions from independent sources pursuant
to paragraph 10(b) of the Agreement and the undersigned hereby certifies the
attached to be accurate originals thereof or representations of originals.

	
  SELLER:

  	
   

  
	
   

  	
   

  
	
  By:

  	
   

  
	
  Title:

  	
   

  
	
   

  	
   

  
	
  SELLER:

  	
   

  
	
   

  	
   

  
	
  By:

  	
   

  
	
  Title:

  	
   

  
	
   

  	
   

  
	
  STATE
  OF 

  	
   

  	
   

  
	
  COUNTY
  OF 

  	
   

  	
   

  
				

 

        Be it remembered that on this          
day of            ,               ,
before me, a Notary Public, in and for the County and State aforesaid, appeared
                          
who is known to me and who executed the above and foregoing Affidavit.

	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  

  	
   

  	
   

  
	
   

  	
  Notary Public

  
	
   

  	
   

  
	
   

  	
   

  
	
  My Commission
  Expires:                                     

  	
   

  	
   

  
				

 

 

 

 

Exhibit E to Agreement for Purchase of Agency
Assets

LISTING OF AGREEMENTS

1.         None other than non disclosure
agreements signed by all employees in a form submitted to Purchaser.

The above listing
specifically identifies all written and verbal agreements that Seller currently
has, or has had during the past twelve (12) months, with licensed producers,
representatives, agents or other Persons related to Seller’s Agency Assets.

	
  SELLER

  	
  PURCHASER:

  
	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  By:

  	
  By:

  
	
  Title:

  	
  Title:

  
	
   

  	
   

  
	
  SELLER:

  	
   

  
	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  By:

  	
   

  
	
  Title:

  	
   

  

 

 

Exhibit F to Agreement for Purchase of Agency
Assets

LISTING OF TRADE NAMES, ETC.

	
  1.

  	
   

  	
  Trade Names:

  	
   

  	
  InsWeb Insurance Services

  
	
   

  	
   

  	
   

  	
   

  	
  Goldrush Insurance Services

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  2.

  	
   

  	
  Business addresses

  	
   

  	
  11290 Pyrites Way

  
	
   

  	
   

  	
   

  	
   

  	
  Suite 200

  
	
   

  	
   

  	
   

  	
   

  	
  Gold River, CA 95670

  
	
   

  	
   

  	
  P.O. Box #s:

  	
   

  	
  P.O.Box 580

  
	
   

  	
   

  	
   

  	
   

  	
  Gold River, CA 95741-0580

  
	
  3.

  	
   

  	
  Websites/Email Addresses:

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  4.

  	
   

  	
  Telephone and telefax numbers:

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  5.

  	
   

  	
  Former owners:

  	
   

  	
  None

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  6.

  	
   

  	
  Secondary Locations:

  	
   

  	
  None

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  7.

  	
   

  	
  Former Locations:

  	
   

  	
  None

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  8.

  	
   

  	
   

  	
   

  	
   

  

 

Seller warrants and
represents the above listing specifically identifies all trade names Seller
currently uses or has used; all locations at or from which Seller conducts or
has conducted agency business; all websites and email addresses; all telephone
and telefax numbers; Seller’s chief executive office if Seller conducts
business at more than one location; place of individual Seller’s current and
past places of residence (past five (5) years) and the period during which
Seller resided at such place; names of prior owners of any of the Agency
Assets; all sweep accounts and other business related bank accounts; and the
location of Agency Assets for preceding five (5) years.

	
  SELLER:

  	
  PURCHASER:

  
	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  By:

  	
  By:

  
	
  Title:

  	
  Title:

  
	
   

  	
   

  
	
  SELLER:

  	
   

  
	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  By:

  	
   

  
	
  Title:

  	
   

  
					

 

 

Exhibit G
to Agreement for Purchase of Agency Assets

SELLER
SURVEY

The attached Sellers
Survey is an original or certified copy thereof and is a true and accurate
representation of the information elicited thereby.

	
  SELLER:

  	
   

  
	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  By:

  	
   

  
	
  Title:

  	
   

  
	
   

  	
   

  
	
  SELLER:

  	
   

  
	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  By:

  	
   

  
	
  Title:

  	
   

  
	
   

  	
   

  
	
  State
  of                                                     )

  	
   

  
	
  County
  of
                                                  )

  	
   

  

 

 Be it remembered that on this            
day of                     ,
200   , before me, a Notary Public, in and for the County and
State aforesaid, appeared                                
who is known to me and who executed the attached Seller Survey.

	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  

  	
   

  	
   

  
	
   

  	
  Notary Public

  
	
   

  	
   

  
	
   

  	
   

  
	
  My Commission
  Expires:

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