Document:

Amendment No. 2 to Tax Sharing Agreement

 AMENDMENT NO. 2 TO TAX SHARING AGREEMENT 

This Amendment No. 2 to Tax Sharing Agreement (“Amendment No. 2”) is executed on December 16, 2009 by and among
Ambac Financial Group, Inc. (formerly known as AMBAC Inc.) (“Ambac” or “Parent”) and each of the other Members (as defined in the Prior Agreement, as defined below) (each of such other Members, individually, a
“Subsidiary” and, collectively, the “Subsidiaries”). 
 WHEREAS, the Subsidiaries include Ambac Assurance
Corporation (formerly known as AMBAC Indemnity Corporation) (“AAC”). 
 WHEREAS, Ambac and the Subsidiaries are
parties to a Tax Sharing Agreement as of July 18,1991, as amended by Amendment No. 1, effective as of October 1,1997 (as so amended, the “Prior Agreement”) which sets forth a method to allocate and settle among them the
consolidated Federal income tax liability of the consolidated return group of which Ambac is the common parent. 
 NOW
THEREFORE, in consideration of the mutual covenants contained herein, the parties agree as follows: 
 1. Effective Date.
This Amendment No. 2 shall have effect for all Final Determinations and all Carryback Payments (each as defined in paragraph 5(a), as added by Section 2 of this Amendment No. 2) occurring after December 16, 2009, whether the
Taxable Periods (as defined in the Prior Agreement) to which such Final Determinations and Carryback Payments relate end prior to, on, or after December 16,2009. 

2. Provisions Relating to Redeterminations. Paragraph 5 of the Prior Agreement is hereby amended, replaced and restated to read in
its entirety as follows: 
 5. Redeterminations of Tax Liability. 

(a) In general. In the event of any redetermination of any item of income, gain, loss, deduction or credit of any member of the
Group for any Taxable Period as a result of an examination by the Internal Revenue Service (the “IRS”), any final action by the IRS on an amended return or a claim for refund, the execution of a closing agreement with the IRS or a judicial
decision which has become final (a “Final Determination”), or in the event of any redetermination of any item of income, gain, loss, deduction or credit of any member of the Group for any Taxable Period which is reflected in an application
that is filed with the IRS for a tentative carryback adjustment pursuant to Section 6411 of the Code and that results in a payment by the IRS (a “Carryback Payment”), the Subsidiary Separate Tax with respect to each Subsidiary shall
be recomputed for such Taxable Period (insofar as possible on the basis described in paragraph l(e)) to take into account such redetermination (including any penalties or additions to tax) in a manner consistent with such revised treatment, and the
payments pursuant to paragraphs 2 and 3 hereof shall be appropriately adjusted. For the avoidance of doubt, any redetermination mat occurs in connection with an application filed with the IRS for a tentative carryback adjustment pursuant to
Section 6411 of the Code shall not be treated as being a result of a Final Determination. 

 (b) Procedure Relating to Final Determinations. In the case of any adjustment
described in the first sentence of paragraph 5(a) that occurs in connection with a Final Determination, any payment between Parent and any of the Subsidiaries required by such adjustment shall be paid within seven (7) days of the date of a
Final Determination with respect to such redetermination, or as soon as such adjustment can practicably be calculated, if later. Such payment shall be made together with interest for the period from the due date for tax returns for the Taxable
Period for which tax liability was recomputed to the date of payment at the rate provided for underpayments in Section 6621(a) of the Code in the case of payments from any Subsidiary to the Parent and at the rate provided for overpayments
in Section 6621 (a) of the Code in the case of payments to any Subsidiary by the Parent. 
 (c) Procedure Relating
to Carryback Payments. In the case of any adjustment described in the first sentence of paragraph 5(a) that occurs in connection with a Carryback Payment, any payment between Parent and any of the Subsidiaries required by such adjustment shall
be made on the same day that the Carryback Payment is received in immediately available funds from the IRS, and shall be made by wire transfer in immediately available funds. Any payment between Parent and any of the Subsidiaries that is described
in the first sentence of this paragraph 5(c) shall not be accompanied by the payment of any additional amount representing interest. 

(d) Trust. Any Carryback Payment received by Parent and any payment received by Parent from the IRS as a result of a claim for
refund of Federal income tax (any such payments as a result of claims for refund and any Carryback Payments are referred to collectively as “Recovery Payments”), and any rights (including, without limitation, all general intangibles
related thereto and all proceeds thereof) of Parent to receive a Recovery Payment, shall be held by Parent in trust for AAC to the extent that the amount of the Recovery Payment does not exceed: 

(i) in the case of a Recovery Payment that is a Carryback Payment, the amount that would, upon receipt of the Recovery Payment, be
required to be paid by Parent to AAC pursuant to paragraphs 5(a) and 5(c); or 
 (ii) in the case of a Recovery Payment that is
received by Parent from the IRS as a result of a claim for refund of Federal income tax, the amount that would, after the Final Determination relating to the claim for refund, be required to be paid by Parent to AAC pursuant to paragraphs 5(a) and
5(b). 
 All amounts held by Parent in trust hereunder shall be held in (and, to the extent practicable, Parent shall cause third parties to
directly remit such amounts directly to) a segregated account maintained by The Bank of New York Mellon (A) in which Parent shall not deposit, or permit to be deposited, any other amounts (other than earnings on amounts held in trust as
contemplated hereby), (B) the title of which expressly states that Parent is the account owner as trustee for the benefit of AAC and (C) with respect to which AAC holds a perfected security interest. In furtherance of the foregoing, Parent
grants to AAC effective as of December 16, 2009 a security interest in such account, all cash balances from time to time credited to such account and all proceeds of the foregoing. Notwithstanding any provision in this Agreement to the
contrary, the immediately preceding sentence shall be governed by the internal laws of the State of Wisconsin,without regard to conflicts of law principles that provide for the application of the laws of another jurisdiction. 

 

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 (e) Security Interest. To the extent that the provisions of paragraph 5(d) are
determined to not establish a trust for the benefit of AAC, Parent grants to AAC effective as of December 16,2009, to secure Parent’s payment and performance of any obligations owed by it to AAC under this Agreement, a security interest in
all rights (including, without limitation, all general intangibles related thereto and all proceeds thereof) of Parent to receive Recovery Payments to the extent that the amount of the particular Recovery Payment does not exceed: 

(i) in the case of a Recovery Payment that is a Carryback Payment, the amount that would, upon receipt of the Recovery Payment, be
required to be paid by Parent to AAC pursuant to paragraphs 5(a) and 5(c); or 
 (ii) in the case of a Recovery Payment that is
received by Parent from the IRS as a result of a claim for refund of Federal income tax, the amount that would, after the Final Determination relating to the claim for refund, be required to be paid by Parent to AAC pursuant to paragraphs 5(a) and
5(b). 
 Parent agrees to execute and deliver such agreements, instruments, and other documents, and take such actions, as are necessary and/or
requested by AAC to protect, perfect, and maintain the perfection of such security interest (including any account control agreement), and hereby authorizes AAC to file any UCC financing statement or other document in furtherance thereof. Parent
irrevocably appoints AAC and its agents as Parent’s attorney, with power to receive, open and dispose of all mail addressed to Parent and to endorse Parent’s name upon any instruments (including any refund checks) that may come into
AAC’s or its agents’ possession, in each case with respect to the collateral pledged hereunder to AAC. The foregoing power of attorney is coupled with an interest and may not be revoked by Parent. Notwithstanding any provision in this
Agreement to the contrary, the provisions of this paragraph 5(e) shall be governed by the internal laws of the State of Wisconsin, without regard to conflicts of law principles that provide for the application of the laws of another jurisdiction.

 3. The State of Wisconsin Office of the Commissioner of Insurance shall be a third party beneficiary of the Prior Agreement
as amended hereby and as further amended, restated, supplemented or otherwise modified from time to time, with the right to enforce Parent’s obligations thereunder to AAC as if a party thereto. 

[Remainder of Page Intentionally Left Blank] 
  

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 IN WITNESS WHEREOF, the parties have caused this Amendment No. 2 to be executed as of
the date first above written. 
  

			
	AMBAC FINANCIAL GROUP, INC.
		
	By:	 	 /s/ Kevin Doyle

	Name:	 	Kevin Doyle
	Title:	 	Senior Vice President

  

			
	AMBAC ASSURANCE CORPORATION
		
	By:	 	 /s/ Kevin Doyle

	Name:	 	Kevin Doyle
	Title:	 	Senior Vice President

  

			
	AMBAC CAPITAL CORPORATION
		
	By:	 	 /s/ Kevin Doyle

	Name:	 	Kevin Doyle
	Title:	 	Senior Vice President

  

			
	AMBAC INVESTMENTS, INC.
		
	By:	 	 /s/ Kevin Doyle

	Name:	 	Kevin Doyle
	Title:	 	Senior Vice President

  

			
	AMBAC CAPITAL FUNDING, INC.
		
	By:	 	 /s/ Kevin Doyle

	Name:	 	Kevin Doyle
	Title:	 	Senior Vice President

  

			
	 RANGEMARK CAPITAL MARKETS,

INC. (formerly Ambac Securities, Inc.)

		
	By:	 	 /s/ Gregg Bienstock

	Name:	 	Gregg Bienstock
	Title:	 	Senior Vice President

  

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Amendment No. 2 to Tax Sharing Agreement 

			
	AMBAC ASSET FUNDING CORPORATION
		
	By:	 	 /s/ Kevin Doyle

	Name:	 	Kevin Doyle
	Title:	 	Senior Vice President

  

			
	AMBAC AII CORPORATION
		
	By:	 	 /s/ Kevin Doyle

	Name:	 	Kevin Doyle
	Title:	 	Senior Vice President

  

			
	RANGEMARK FINANCIAL SERVICES, INC. (formerly Ambac Capital Holdings, Inc.)
		
	By:	 	  
 /s/ Gregg
Bienstock

	Name:	 	Gregg Bienstock
	Title:	 	Senior Vice President

  

			
	 EVERSPAN FINANCIAL GUARANTEE

CORP. d/b/a CONNIE LEE INSURANCE

COMPANY

		
	By:	 	 /s/ David Abramowitz

	Name:	 	David Abramowitz
	Title:	 	Managing Director

  

			
	CONNIE LEE HOLDINGS, INC.
		
	By:	 	 /s/ Kevin Doyle

	Name:	 	Kevin Doyle
	Title:	 	Senior Vice President

  

			
	AMBAC (BERMUDA) LTD.
		
	By:	 	 /s/ Kevin Doyle

	Name:	 	Kevin Doyle
	Title:	 	Director

  

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Amendment No. 2 to Tax Sharing Agreement 

			
	RANGEMARK SOLUTIONS, INC.
		
	By:	 	 /s/ Gregg Bienstock

	Name:	 	Gregg Bienstock
	Title:	 	Senior Vice President
	
	 RANGEMARK INVESTMENT

MANAGEMENT, INC.

		
	By:	 	 /s/ Gregg Bienstock

	Name:	 	Gregg Bienstock
	Title:	 	Senior Vice President

  

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Amendment No. 2 to Tax Sharing AgreementAmendment No. 1 to Receivables Purchase Agreement, dated as of June 30, 2010

 Exhibit 10.1 to 2010 10-Q 

AMENDMENT NO. 1 TO RECEIVABLES PURCHASE AGREEMENT 

THIS AMENDMENT NO. 1 TO RECEIVABLES PURCHASE AGREEMENT dated as of June 29, 2010 (this
“Amendment”), is among: 
 (a) Convergys Funding Inc., a Kentucky corporation
(“Seller”), 
 (b) Convergys Corporation, an Ohio corporation
(“Convergys”), as initial Servicer and Performance Guarantor, 
 (c) Liberty Street
Funding LLC, a Delaware limited liability company (“Liberty Street” or the “Conduit”), 

(d) The Bank of Nova Scotia, a Canadian chartered bank acting through its New York Agency
(“Scotiabank”), and its assigns hereunder (collectively, the “Scotiabank Committed Purchasers” and, together with Liberty Street, the “Scotiabank Group”), 

(e) Wells Fargo Bank, N.A. (“Wells Fargo” and together with the Conduit and Scotiabank, the
“Purchasers”), successor by merger to Wachovia Bank, National Association, 
 (f) The
Bank of Nova Scotia, a Canadian chartered bank acting through its New York Agency, in its capacity as agent for the Scotiabank Group (the “Scotiabank Group Agent”), and 

(g) Wells Fargo Bank, N.A., successor by merger to Wachovia Bank, National Association, in its capacity as administrative
agent for the Purchasers and the Scotiabank Group Agent (in such capacity, together with its successors and assigns, the “Administrative Agent” and, together with the Scotiabank Group Agent, the
“Agents”). 
 PRELIMINARY STATEMENTS 

Seller, Servicer, the Purchasers and the Agents are parties to that certain Receivables Purchase Agreement dated as of
June 30, 2009 (the “Agreement”). Capitalized terms used and not otherwise defined herein are used with the meanings attributed thereto in the Agreement. 

The parties wish to amend the Agreement as hereinafter set forth. 

 NOW, THEREFORE, in consideration of the premises and the other mutual
covenants herein contained, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows: 

1. Amendments. 

1.l. The Agreement is hereby amended to delete all references to “Wachovia Bank, National Association” and
“Wachovia” and to substitute in lieu thereof “Wells Fargo Bank, N.A.” and “Wells Fargo,” respectively. Wells Fargo’s address for notices is hereby changed to the address
set forth its signature to this Amendment. 
 1.2. The lead-in to Section 5.1 of the Agreement is hereby amended and
restated in its entirety to read as follows: 
 Section 5.1. Representations and Warranties of Seller
Parties. Each of the Seller Parties hereby represents and warrants to the Agents and the Purchasers, as to itself or on its own behalf, as applicable, as of the date hereof and as of the date of each Incremental Purchase and the date of each
Reinvestment that: 
 1.3. The definition of “Liquidity Termination Date” set forth on Exhibit I to the
Agreement is hereby amended and restated in its entirety to read as follows: 
 “Liquidity Termination
Date” means June 28,2011. 
 2. Representations and Warranties; Reaffirmation of Performance
Undertaking. 
 2.1. Representations and Warranties of Seller Parties. In order to induce the Agents, the Purchasers
and the Servicer to enter into this Amendment, each of the Seller Parties hereby represents and warrants to the Agents and the Purchasers, as to itself or on its own behalf, as applicable, as of the date hereof: (a) The execution and delivery
by such Seller Party of this Amendment and the performance of its obligations hereunder and under the Agreement as amended hereby are within its corporate powers and authority and have been duly authorized by all necessary corporate or limited
liability company action on its part; (b) this Amendment has been duly executed and delivered by such Seller Party; (c) this Amendment and the Agreement as amended hereby constitute the legally valid and binding obligations of such Seller
Party enforceable against such Seller Party in accordance with their respective terms, except as such enforcement may be limited by applicable bankruptcy, insolvency, reorganization or other similar laws relating to or limiting creditors’
rights generally and by general principles of equity (regardless of whether enforcement is sought in a proceeding in equity or at law); (d) as of the date hereof, the representations and warranties set forth in Section 5.1 of the Agreement
are true and correct as though made on and as of the date hereof; and (e) as of the date hereof, and after giving effect to this Amendment, no event has occurred and is continuing, or would result from this Amendment, that will constitute an
Amortization Event or a Potential Amortization Event. 
 2.2. Reaffirmation of Performance Undertaking. By its signature
below, the Performance Guarantor hereby acknowledges receipt of a copy of this Amendment and hereby confirms that after giving effect hereto, the Performance Undertaking remains in full force and effect. 

 

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 3. Effectiveness. This Amendment shall become effective as of the date first above
written upon (a) receipt by the Administrative Agent of counterparts hereof, duly executed by each of the parties hereto and acknowledged by the Performance Guarantor, and (b) receipt by the Scotiabank Agent of counterparts of a amendment
to the Liquidity Agreement extending the commitment thereunder through June 28, 2011, duly executed by each of the parties thereto (the signature of the Scotiabank Agent on this Amendment being evidence of its receipt of such Liquidity
Agreement amendment). Except as expressly amended hereby, the Agreement shall remain unaltered and in full force and effect. 

4. Miscellaneous. 

4.1. PATRIOT Act. Each of the Agents and the Purchasers hereby notifies the Seller Parties that pursuant to the requirements of the
USA PATRIOT Act, Title III of Pub. L. 107-56 (signed into law October 26, 2001) (the “PATRIOT Act”), the Agents and the Purchasers may be required to obtain, verify and record information that identifies
the Seller Parties, which information includes the name, address, tax identification number and other information regarding the Seller Parties that will allow the Agents and the Purchasers to identify the Seller Parties in accordance with the
PATRIOT Act. This notice is given in accordance with the requirements of the PATRIOT Act. Each of the Seller Parties agrees to provide the Agents, from time to time on and after the date hereof, with all documentation and other information required
by bank regulatory authorities under “know your customer” and anti-money laundering rules and regulations, including, the PATRIOT Act. 

4.2. Bankruptcy Petition. Each of Seller, the Servicer, the Agents and the Purchasers hereby covenants and agrees that, prior to
the date that is one year and one day after the payment in full of all outstanding senior indebtedness of the Conduit, it will not institute against, or join any other Person in instituting against, the Conduit any bankruptcy, reorganization,
arrangement, insolvency or liquidation proceedings or other similar proceeding under the laws of the United States or any state of the United States. 

4.3. CHOICE OF LAW. THIS AMENDMENT (AND THE AGREEMENT AS AMENDED HEREBY) SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE
LAW OF THE STATE OF NEW YORK (WITHOUT GIVING EFFECT TO THE CONFLICT OF LAWS PRINCIPLES THEREOF OTHER THAN SECTIONS 5-1401 AND 5-1402 OF THE NEW YORK GENERAL OBLIGATIONS LAW WHICH SHALL APPLY HERETO) EXCEPT TO THE EXTENT THAT THE PERFECTION OF THE
ADMINISTRATIVE AGENT’S OR PURCHASERS’ OWNERSHIP OF OR SECURITY INTEREST IN THE RECEIVABLES AND RELATED SECURITY OR REMEDIES IN RESPECT THEREOF ARE GOVERNED BY THE LAWS OF A JURISDICTION OTHER THAN THE STATE OF NEW YORK. 

4.4. CONSENT TO JURISDICTION. EACH SELLER PARTY HEREBY IRREVOCABLY SUBMITS TO THE NON-EXCLUSIVE JURISDICTION OF ANY UNITED STATES
FEDERAL OR STATE COURT SITTING IN THE BOROUGH OF MANHATTAN, NEW YORK, IN ANY ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO THIS AMENDMENT (OR THE AGREEMENT AS AMENDED HEREBY), AND EACH SELLER PARTY HEREBY IRREVOCABLY AGREES THAT ALL CLAIMS IN
RESPECT 
  

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OF SUCH ACTION OR PROCEEDING MAY BE HEARD AND DETERMINED IN ANY SUCH COURT AND IRREVOCABLY WAIVES ANY OBJECTION IT MAY NOW OR HEREAFTER HAVE AS TO THE VENUE OF ANY SUCH SUIT, ACTION OR PROCEEDING
BROUGHT IN SUCH A COURT OR THAT SUCH COURT IS AN INCONVENIENT FORUM. NOTHING HEREIN SHALL LIMIT THE RIGHT OF ANY AGENT OR ANY PURCHASER TO BRING PROCEEDINGS AGAINST ANY SELLER PARTY IN THE COURTS OF ANY OTHER JURISDICTION. ANY JUDICIAL PROCEEDING BY
ANY SELLER PARTY AGAINST ANY AGENT OR ANY PURCHASER OR ANY AFFILIATE OF ANY AGENT OR ANY PURCHASER INVOLVING, DIRECTLY OR INDIRECTLY, ANY MATTER IN ANY WAY ARISING OUT OF, RELATED TO, OR CONNECTED WITH THIS AMENDMENT (OR THE AGREEMENT AS AMENDED
HEREBY) SHALL BE BROUGHT ONLY IN A COURT IN THE BOROUGH OF MANHATTAN, NEW YORK. 
 4.5. WAIVER OF JURY TRIAL. EACH PARTY
HERETO HEREBY WAIVES TRIAL BY JURY IN ANY JUDICIAL PROCEEDING INVOLVING, DIRECTLY OR INDIRECTLY, ANY MATTER (WHETHER SOUNDING IN TORT, CONTRACT OR OTHERWISE) IN ANY WAY ARISING OUT OF, RELATED TO, OR CONNECTED WITH THIS AGREEMENT, ANY DOCUMENT
EXECUTED BY ANY SELLER PARTY PURSUANT TO THIS AMENDMENT (OR THE AGREEMENT AS AMENDED HEREBY) OR THE RELATIONSHIP ESTABLISHED HEREUNDER OR THEREUNDER. 

4.6. Binding Effect. This Amendment shall be binding upon and inure to the benefit of the parties hereto and their respective
successors and permitted assigns (including any trustee in bankruptcy). 
 4.7. Counterparts; Severability. This
Amendment may be executed in any number of counterparts and by the different parties hereto in separate counterparts, each of which when so executed shall be deemed to be an original and all of which when taken together shall constitute one and the
same Agreement. Delivery of an executed counterpart of a signature page to this Amendment by facsimile or electronic mail attaching and image or .pdf of an executed counterpart shall be effective as delivery of a manually executed counterpart of a
signature page to this Amendment. Any provisions of this Amendment which are prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such prohibition or unenforceability without invalidating
the remaining provisions hereof, and any such prohibition or unenforceability in any jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction. 

 

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 IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be
executed and delivered by their duly authorized officers as of the date hereof. 
  

					
	 CONVERGYS FUNDING INC., AS SELLER

			
	By:	 	  
	 	
	 Name:
	 		 	
	 Title:
	 		 	

CONVERGYS CORPORATION, AS SERVICER AND PERFORMANCE 
GUARANTOR 

					
			
	By:	 	  
	 	
	Name:	 		 	
	Title:	 		 	

  

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 LIBERTY STREET FUNDING LLC 

 

			
	By:	 	  

	Name:	 	
	Title:	 	

  

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 THE BANK OF NOVA SCOTIA, AS A COMMITTED
PURCHASER AND AS SCOTIABANK GROUP AGENT 
  

			
	By:	 	  

	Name:	 	
	Title:	 	

  

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 WELLS FARGO BANK, N.A., INDIVIDUALLY AS A
PURCHASER AND AS ADMINISTRATIVE AGENT 
  

			
	By:	 	  

	Name:	 	
	Title:	 	

 Address: 

Wells Fargo Bank, N.A. 
 6 Concourse Parkway

 Suite 1450 
 Atlanta, GA 30328

			
	Attention:	  	Michael Landry
	Phone:	  	(404) 732-0820
	Fax:	  	(404) 732-0802

  

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