Document:

Exhibit 4.3

 

EXECUTION VERSION

 

REGISTRATION RIGHTS AGREEMENT

 

by and among

 

Flextronics International Ltd.,

 

The Guarantors named herein

 

and

 

Merrill Lynch, Pierce, Fenner & Smith Incorporated,

J.P. Morgan Securities LLC,

BNP Paribas Securities Corp. and

Citigroup Global Markets Inc.

 

as Representatives of the several Initial Purchasers

 

Dated as of June 8, 2015

 

 

REGISTRATION RIGHTS AGREEMENT

 

This Registration Rights Agreement (this “Agreement”) is made and entered into as of June 8, 2015, by and among Flextronics International Ltd., a company organized under the laws of Singapore (the “Company”), the entities listed on Schedule A hereto (collectively, the “Guarantors”), and Merrill Lynch, Pierce, Fenner & Smith Incorporated, J.P. Morgan Securities LLC, BNP Paribas Securities Corp. and Citigroup Global Markets Inc., as Representatives (the “Representatives”) of the several Initial Purchasers named in Schedule I to the Purchase Agreement (as defined below) (collectively, the “Initial Purchasers”), each of whom has agreed to purchase the Company’s 4.750% Notes due 2025 (the “Initial Notes”), which are fully and unconditionally guaranteed by the Guarantors (the “Guarantees”), pursuant to the Purchase Agreement.  The Initial Notes and the Guarantees thereof are herein collectively referred to as the “Initial Securities.”

 

This Agreement is made pursuant to the Purchase Agreement, dated June 3, 2015 (the “Purchase Agreement”), among the Company, the Guarantors and the Representatives (for themselves and the other Initial Purchasers) (i) for the benefit of the Initial Purchasers and (ii) for the benefit of the holders from time to time of the Initial Securities, including the Initial Purchasers.  In order to induce the Initial Purchasers to purchase the Initial Securities, the Company has agreed to provide the registration rights set forth in this Agreement.  The execution and delivery of this Agreement is a condition to the obligations of the Initial Purchasers set forth in Section 6(h) of the Purchase Agreement.

 

The parties hereby agree as follows:

 

SECTION 1.                                      Definitions.  As used in this Agreement, the following capitalized terms shall have the following meanings:

 

Additional Interest:  As defined in Section 5 hereof.

 

Broker-Dealer:  Any broker or dealer registered under the Exchange Act.

 

Business Day:  Any day other than a Saturday, Sunday or U.S. federal holiday or a day on which banking institutions or trust companies located in New York, New York are authorized or obligated to be closed.

 

Closing Date:  The date of this Agreement.

 

Commission:  The Securities and Exchange Commission.

 

Company:   As defined in the preamble hereto.

 

Consummate:  A registered Exchange Offer shall be deemed “Consummated” for purposes of this Agreement upon the occurrence of (i) the filing and effectiveness under the Securities Act of the Exchange Offer Registration Statement relating to the Exchange 

 

2

 

Securities to be issued in the Exchange Offer, (ii) the maintenance of such Registration Statement continuously effective and the keeping of the Exchange Offer open for a period not less than the minimum period required pursuant to Section 3(b) hereof, and (iii) the delivery by the Company to the Registrar under the Indenture of Exchange Securities in the same aggregate principal amount as the aggregate principal amount of Initial Securities that were tendered by Holders thereof pursuant to the Exchange Offer.

 

EDGAR:  The Commission’s Electronic Data Gathering, Analysis and Retrieval system (or any successor thereto)

 

Effectiveness Target Date:  As defined in Section 3 hereof.

 

Exchange Act:  The Securities Exchange Act of 1934, as amended.

 

Exchange Offer:  The registration by the Company under the Securities Act of the Exchange Securities pursuant to a Registration Statement pursuant to which the Company offers the Holders of all outstanding Transfer Restricted Securities the opportunity to exchange all such outstanding Transfer Restricted Securities held by such Holders for Exchange Securities in an aggregate principal amount equal to the aggregate principal amount of the Transfer Restricted Securities tendered in such exchange offer by such Holders.

 

Exchange Offer Registration Statement:  The Registration Statement relating to the Exchange Offer, including the related Prospectus.

 

Exchange Securities:  The 4.750% Notes due 2025, of the same series under the Indenture as the Initial Securities, to be issued to Holders in exchange for Transfer Restricted Securities pursuant to this Agreement, and the Guarantees thereof.

 

FINRA:   Financial Industry Regulatory Authority, Inc.

 

Guarantees:   As defined in the preamble hereto.

 

Guarantors:   As defined in the preamble hereto.

 

Holders:  As defined in Section 2(b) hereof.

 

Indemnified Holder:  As defined in Section 8(a) hereof.

 

Indenture:  The Indenture, dated as of June 8, 2015, by and among the Company, the Guarantors and U.S. Bank, National Association, as trustee (the “Trustee”), pursuant to which the Initial Securities are to be issued, as such Indenture is amended or supplemented from time to time in accordance with the terms thereof.

 

Initial Notes:  As defined in the preamble hereto.

 

Initial Placement:  The issuance and sale by the Company of the Initial Securities to the Initial Purchasers pursuant to the Purchase Agreement.

 

3

 

Initial Purchasers:  As defined in the preamble hereto.

 

Initial Securities:  As defined in the preamble hereto.

 

Interest Payment Date:  As defined in the Indenture and the Initial Notes.

 

Person:  An individual, partnership, corporation, trust, limited liability company or unincorporated organization, or a government or agency or political subdivision thereof.

 

Prospectus:  The prospectus included in a Registration Statement, as amended or supplemented by any prospectus supplement and by all other amendments thereto, including post-effective amendments, and all material incorporated by reference into such Prospectus.

 

Purchase Agreement:   As defined in the preamble hereto.

 

Registration Default:  As defined in Section 5 hereof.

 

Registration Statement:  Any registration statement of the Company relating to (a) an offering of Exchange Securities pursuant to an Exchange Offer or (b) the registration for resale of Transfer Restricted Securities pursuant to the Shelf Registration Statement, which is filed pursuant to the provisions of this Agreement, in each case, including the Prospectus included therein, all amendments and supplements thereto (including post-effective amendments) and all exhibits and material incorporated by reference therein.

 

Securities Act:  The Securities Act of 1933, as amended.

 

Shelf Filing Deadline:  As defined in Section 4(a) hereof.

 

Shelf Registration Statement:  As defined in Section 4(a) hereof.

 

Transfer Restricted Securities:  Each Initial Security, until the earliest to occur of (a) the date on which such Initial Security is exchanged in the Exchange Offer for an Exchange Security entitled to be resold to the public by the Holder thereof without complying with the prospectus delivery requirements of the Securities Act, (b) the date on which such Initial Security has been effectively registered under the Securities Act and disposed of in accordance with a Shelf Registration Statement, (c) the date on which such Initial Security is distributed to the public by a Broker-Dealer pursuant to the “Plan of Distribution” contemplated by the Exchange Offer Registration Statement (including delivery of the Prospectus contained therein) and (d) the date on which such Initial Security ceases to be outstanding.

 

Trust Indenture Act:  The Trust Indenture Act of 1939, as amended.

 

Underwritten Registration or Underwritten Offering:  A registration in which securities of the Company are sold to an underwriter for reoffering to the public.

 

4

 

SECTION 2.                                      Securities Subject to this Agreement.

 

(a)                                 Transfer Restricted Securities.  The securities entitled to the benefits of this Agreement are the Transfer Restricted Securities.

 

(b)                                 Holders of Transfer Restricted Securities.  A Person is deemed to be a holder of Transfer Restricted Securities (each, a “Holder”) whenever such Person owns Transfer Restricted Securities.

 

SECTION 3.                                      Registered Exchange Offer.

 

(a)                                 Unless the Exchange Offer shall not be permissible under applicable law or Commission policy (after the procedures set forth in Section 6(a) hereof have been complied with), each of the Company and the Guarantors shall (i) cause to be filed with the Commission as soon as reasonably practicable after the Closing Date, but in no event later than 180 days after the Closing Date (or if such 180th day is not a Business Day, the next succeeding Business Day), a Registration Statement under the Securities Act relating to the Exchange Securities and the Exchange Offer, (ii) use its commercially reasonable efforts to cause such Registration Statement to become effective at the earliest possible time, but in no event later than 270 days after the Closing Date (or if such 270th day is not a Business Day, the next succeeding Business Day) (the “Effectiveness Target Date”), (iii) in connection with the foregoing, file (A) all pre-effective amendments to such Registration Statement as may be necessary in order to cause such Registration Statement to become effective, (B) if applicable, a post-effective amendment to such Registration Statement pursuant to Rule 430A under the Securities Act and (C) cause all necessary filings in connection with the registration and qualification of the Exchange Securities to be made under the state securities or blue sky laws of such jurisdictions as are necessary to permit Consummation of the Exchange Offer, and (iv) upon the effectiveness of such Registration Statement, commence the Exchange Offer.  The Exchange Offer shall be on the appropriate form permitting registration of the Exchange Securities to be offered in exchange for the Transfer Restricted Securities and to permit resales of Initial Securities held by Broker-Dealers as contemplated by Section 3(c) hereof.

 

(b)                                 The Company and the Guarantors shall cause the Exchange Offer Registration Statement to be effective continuously and shall keep the Exchange Offer open for a period of not less than the minimum period required under applicable federal and state securities laws to Consummate the Exchange Offer; provided, however, that in no event shall such period be less than 30 days after the date notice of the Exchange Offer is mailed to the Holders.  The Company shall cause the Exchange Offer to comply with all applicable federal and state securities laws.  No securities other than the Exchange Securities shall be included in the Exchange Offer Registration Statement.  The Company shall use its best efforts to cause the Exchange Offer to be Consummated on the earliest practicable date after the Exchange Offer Registration Statement has become effective, but in no event later than 30 Business Days after the Effectiveness Target Date.

 

5

 

(c)                                  The Company shall indicate in a “Plan of Distribution” section contained in the Prospectus forming a part of the Exchange Offer Registration Statement that any Broker-Dealer who holds Initial Securities that are Transfer Restricted Securities and that were acquired for its own account as a result of market-making activities or other trading activities (other than Transfer Restricted Securities acquired directly from the Company), may exchange such Initial Securities pursuant to the Exchange Offer; however, such Broker-Dealer may be deemed to be an “underwriter” within the meaning of the Securities Act and must, therefore, deliver a prospectus meeting the requirements of the Securities Act in connection with any resales of the Exchange Securities received by such Broker-Dealer in the Exchange Offer, which prospectus delivery requirement may be satisfied by the delivery by such Broker-Dealer of the Prospectus contained in the Exchange Offer Registration Statement.  Such “Plan of Distribution” section shall also contain all other information with respect to such resales by Broker-Dealers that the Commission may require in order to permit such resales pursuant thereto, but such “Plan of Distribution” shall not name any such Broker-Dealer or disclose the amount of Initial Securities held by any such Broker-Dealer except to the extent required by the Commission as a result of a change in policy after the date of this Agreement.

 

Each of the Company and the Guarantors shall use its commercially reasonable efforts to keep the Exchange Offer Registration Statement continuously effective, supplemented and amended as required by the provisions of Section 6(c) hereof to the extent necessary to ensure that it is available for resales of Initial Securities acquired by Broker-Dealers for their own accounts as a result of market-making activities or other trading activities, and to ensure that it conforms with the requirements of this Agreement, the Securities Act and the policies, rules and regulations of the Commission as announced from time to time, for a period ending on the earlier of (i) 180 days from the date on which the Exchange Offer Registration Statement is declared effective and (ii) the date on which a Broker-Dealer is no longer required by applicable law to deliver a prospectus in connection with market-making or other trading activities.

 

The Company shall provide sufficient copies of the latest version of such Prospectus to Broker-Dealers promptly upon request at any time during such 180-day (or shorter as provided in the foregoing sentence) period in order to facilitate such resales.

 

SECTION 4.                                      Shelf Registration.

 

(a)                                 Shelf Registration.  If (i) the Company is not required to file an Exchange Offer Registration Statement or to consummate the Exchange Offer because the Exchange Offer is not permitted by applicable law or Commission policy (after the procedures set forth in Section 6(a) hereof have been complied with), (ii) for any reason the Exchange Offer is not Consummated within 310 days after the Closing Date (or if such 310th day is not a Business Day, the next succeeding Business Day), or (iii) with respect to any Holder of Transfer Restricted Securities (A) such Holder is prohibited by applicable law or Commission policy from participating in the Exchange Offer, or (B) such Holder may not resell the Exchange Securities acquired by it in the Exchange Offer to the public without delivering a prospectus and that the Prospectus contained in the Exchange Offer Registration Statement is not appropriate or available for such resales by 

 

6

 

such Holder, or (C) such Holder is a Broker-Dealer and holds Initial Securities acquired directly from the Company or one of its affiliates, then, upon such Holder’s request, the Company and the Guarantors shall

 

(x)                                 cause to be filed a shelf registration statement pursuant to Rule 415 under the Securities Act, which may be an amendment to the Exchange Offer Registration Statement (in either event, the “Shelf Registration Statement”) as soon as reasonably practicable but in any event on or prior to the 30th day after the date on which the Shelf Registration Statement filing obligation arises as contemplated by clauses (i), (ii) and (iii) above (or if such 30th day is not a Business Day, the next succeeding Business Day); provided that, in no event shall the Company and the Guarantors be required to file the Shelf Registration Statement prior to the applicable deadline for the Exchange Offer Registration Statement in Section 3(a) hereof (such date being the “Shelf Filing Deadline”), which Shelf Registration Statement shall provide for resales of all Transfer Restricted Securities the Holders of which shall have provided the information required pursuant to Section 4(b) hereof; and

 

(y)                                 use their commercially reasonable efforts to cause such Shelf Registration Statement to be declared effective by the Commission on or before the 90th day after the Shelf Filing Deadline (or if such 90th day is not a Business Day, the next succeeding Business Day).

 

Each of the Company and the Guarantors shall use its commercially reasonable efforts to keep such Shelf Registration Statement continuously effective, supplemented and amended as required by the provisions of Sections 6(b) and (c) hereof to the extent necessary to ensure that it is available for resales of Initial Securities by the Holders of Transfer Restricted Securities entitled to the benefit of this Section 4(a), and to ensure that it conforms with the requirements of this Agreement, the Securities Act and the policies, rules and regulations of the Commission as announced from time to time, for a period of at least two years following the effective date of such Shelf Registration Statement (or shorter period that will terminate when all the Initial Securities covered by such Shelf Registration Statement have been sold pursuant to such Shelf Registration Statement or are no longer outstanding).

 

(b)                                 Provision by Holders of Certain Information in Connection with the Shelf Registration Statement.  No Holder of Transfer Restricted Securities may include any of its Transfer Restricted Securities in any Shelf Registration Statement pursuant to this Agreement unless and until such Holder furnishes to the Company in writing, within 20 Business Days after receipt of a request therefor, such information as the Company may reasonably request for use in connection with any Shelf Registration Statement or Prospectus or preliminary Prospectus included therein.  Each Holder as to which any Shelf Registration Statement is being effected agrees to furnish promptly to the Company all information required to be disclosed in order to make the information previously furnished to the Company by such Holder not materially misleading.

 

7

 

SECTION 5.                                      Additional Interest.  If (i) any of the Registration Statements required by this Agreement is not filed with the Commission on or prior to the date specified for such filing in this Agreement, (ii) any of such Registration Statements has not been declared effective by the Commission on or prior to the Effectiveness Target Date or such later date as may be provided in Section 4(a), (iii) the Exchange Offer has not been Consummated within 30 Business Days after the Effectiveness Target Date with respect to the Exchange Offer Registration Statement or (iv) any Registration Statement required by this Agreement is filed and declared effective but shall thereafter cease to be effective or fail to be usable for its intended purpose without being succeeded immediately by a post-effective amendment to such Registration Statement that cures such failure and that is itself immediately declared effective (each such event referred to in clauses (i) through (iv), a “Registration Default”), the Company hereby agrees that the interest rate borne by the Transfer Restricted Securities shall be increased by 0.25% per annum during the 90-day period immediately following the occurrence of any Registration Default and shall increase by 0.25% per annum at the end of each subsequent 90-day period, but in no event shall such increase exceed 1.00% per annum (any such increase, “Additional Interest”).  Following the cure of all Registration Defaults relating to any particular Transfer Restricted Securities, the interest rate borne by the relevant Transfer Restricted Securities will be reduced to the original interest rate borne by such Transfer Restricted Securities; provided, however, that, if after any such reduction in interest rate, a different Registration Default occurs, the interest rate borne by the relevant Transfer Restricted Securities shall again be increased pursuant to the foregoing provisions.

 

All obligations of the Company and the Guarantors set forth in the preceding paragraph that are outstanding with respect to any Transfer Restricted Security at the time such security ceases to be a Transfer Restricted Security shall survive until such time as all such obligations with respect to such security shall have been satisfied in full.

 

All Additional Interest shall be payable on each interest payment date as set forth in the Indenture on the same basis as those interest payments.

 

SECTION 6.                                      Registration Procedures.

 

(a)                                 Exchange Offer Registration Statement.  In connection with the Exchange Offer, the Company and the Guarantors shall comply with all of the provisions of Section 6(c) hereof, shall use their commercially reasonable efforts to effect such exchange to permit the sale of Transfer Restricted Securities being sold in accordance with the intended method or methods of distribution thereof, and shall comply with all of the following provisions:

 

(i)                                     If in the reasonable opinion of counsel to the Company there is a question as to whether the Exchange Offer is permitted by applicable law, each of the Company and the Guarantors hereby agrees to seek a no-action letter or other favorable decision from the Commission allowing the Company and the Guarantors to Consummate an Exchange Offer for such Initial Securities.  Each of the Company and the Guarantors hereby agrees to pursue the issuance of such a 

 

8

 

decision to the Commission staff level but shall not be required to take commercially unreasonable action to effect a change of Commission policy.  Each of the Company and the Guarantors hereby agrees, however, to (A) participate in telephonic conferences with the Commission, (B) deliver to the Commission staff an analysis prepared by counsel to the Company setting forth the legal bases, if any, upon which such counsel has concluded that such an Exchange Offer should be permitted and (C) diligently pursue a favorable resolution by the Commission staff of such submission.

 

(ii)                                  As a condition to its participation in the Exchange Offer pursuant to the terms of this Agreement, each Holder of Transfer Restricted Securities shall furnish, upon the request of the Company, prior to the Consummation thereof, a written representation to the Company (which may be contained in the letter of transmittal contemplated by the Exchange Offer Registration Statement) to the effect that (A) it is not an affiliate of the Company, (B) it is not engaged in, and does not intend to engage in, and has no arrangement or understanding with any Person to participate in, a distribution (within the meaning of the Securities Act) of the Exchange Securities to be issued in the Exchange Offer and (C) it is acquiring the Exchange Securities in its ordinary course of business.  In addition, all such Holders of Transfer Restricted Securities shall otherwise cooperate in the Company’s preparations for the Exchange Offer.  Each Holder hereby acknowledges and agrees that any Broker-Dealer and any such Holder using the Exchange Offer to participate in a distribution of the securities to be acquired in the Exchange Offer (1) could not under Commission policy as in effect on the date of this Agreement rely on the position of the Commission enunciated in Morgan Stanley and Co., Inc. (available June 5, 1991) and Exxon Capital Holdings Corporation (available May 13, 1988), as interpreted in the Commission’s letter to Shearman & Sterling dated July 2, 1993, and similar no-action letters (which may include any no-action letter obtained pursuant to clause (i) above), and (2) must comply with the registration and prospectus delivery requirements of the Securities Act in connection with a secondary resale transaction and that such a secondary resale transaction should be covered by an effective registration statement containing the selling security holder information required by Item 507 or 508, as applicable, of Regulation S-K if the resales are of Exchange Securities obtained by such Holder in exchange for Initial Securities acquired by such Holder directly from the Company.

 

(b)                                 Shelf Registration Statement.  In connection with the Shelf Registration Statement, each of the Company and the Guarantors shall comply with all the provisions of Section 6(c) hereof and shall use its commercially reasonable efforts to effect such registration to permit the sale of the Transfer Restricted Securities being sold in accordance with the intended method or methods of distribution thereof, and pursuant thereto each of the Company and the Guarantors will as expeditiously as possible prepare and file with the Commission a Registration Statement relating to the registration on any appropriate form under the Securities Act, which form shall be available for the sale of the Transfer Restricted Securities in accordance with the intended method or methods of distribution thereof.

 

9

 

(c)                                  General Provisions.  In connection with any Registration Statement and any Prospectus required by this Agreement to permit the sale or resale of Transfer Restricted Securities (including, without limitation, any Registration Statement and the related Prospectus required to permit resales of Initial Securities by Broker-Dealers), each of the Company and the Guarantors shall:

 

(i)                                     use its commercially reasonable efforts to keep such Registration Statement continuously effective and provide all requisite financial statements (including, if required by the Securities Act or any regulation thereunder, financial statements of the Guarantors for the period specified in Section 3 or 4 hereof, as applicable, upon the occurrence of any event that would cause any such Registration Statement or the Prospectus contained therein (A) to contain a material misstatement or omission or (B) not to be effective and usable for resale of Transfer Restricted Securities during the period required by this Agreement, the Company shall file promptly an appropriate amendment to such Registration Statement, in the case of clause (A), correcting any such misstatement or omission, and, in the case of either clause (A) or (B), use its commercially reasonable efforts to cause such amendment to be declared effective and such Registration Statement and the related Prospectus to become usable for their intended purpose(s) as soon as practicable thereafter;

 

(ii)                                  prepare and file with the Commission such amendments and post-effective amendments to the applicable Registration Statement as may be necessary to keep the Registration Statement effective for the applicable period set forth in Section 3 or 4 hereof, as applicable, or such shorter period as will terminate when all Transfer Restricted Securities covered by such Registration Statement have been sold or are no longer outstanding; cause the Prospectus to be supplemented by any required Prospectus supplement, and as so supplemented to be filed pursuant to Rule 424 under the Securities Act, and to comply in all material respects with the applicable provisions of Rules 424 and 430A under the Securities Act in a timely manner; and comply in all material respects with the provisions of the Securities Act with respect to the disposition of all securities covered by such Registration Statement during the applicable period in accordance with the intended method or methods of distribution by the sellers thereof set forth in such Registration Statement or supplement to the Prospectus;

 

(iii)                               advise the underwriter(s), if any, and selling Holders promptly and, if requested by such Persons, to confirm such advice in writing, (A) when the Prospectus or any Prospectus supplement or post-effective amendment has been filed, and, with respect to any Registration Statement or any post-effective amendment thereto, when the same has become effective, (B) of any request by the Commission for amendments to the Registration Statement or amendments or supplements to the Prospectus or for additional information relating thereto, (C) of the issuance by the Commission of any stop order suspending the effectiveness of the Registration Statement under the Securities Act or of the suspension by any state securities commission of the qualification of the Transfer Restricted Securities for offering or sale in any jurisdiction, or the initiation of any

 

10

 

proceeding for any of the preceding purposes, (D) of the existence of any fact or the happening of any event that makes any statement of a material fact made in the Registration Statement, the Prospectus, any amendment or supplement thereto, or any document incorporated by reference therein untrue, or that requires the making of any additions to or changes in the Registration Statement or the Prospectus in order to make the statements therein not misleading.  If at any time the Commission shall issue any stop order suspending the effectiveness of the Registration Statement, or any state securities commission or other regulatory authority shall issue an order suspending the qualification or exemption from qualification of the Transfer Restricted Securities under state securities or blue sky laws, each of the Company and the Guarantors shall use its commercially reasonable efforts to obtain the withdrawal or lifting of such order at the earliest possible time;

 

(iv)                              furnish without charge to each of the Initial Purchasers, each selling Holder named in any Registration Statement, and each of the underwriter(s), if any, before filing with the Commission, copies of any Registration Statement or any Prospectus included therein or any amendments or supplements to any such Registration Statement or Prospectus (including all documents incorporated by reference after the initial filing of such Registration Statement but excluding exhibits thereto to the extent such documents are available through EDGAR), which documents will be subject to the review and comment of such Holders and underwriter(s) in connection with such sale, if any, for a period of at least three Business Days, and the Company will not file any such Registration Statement or Prospectus or any amendment or supplement to any such Registration Statement or Prospectus (including all such documents incorporated by reference) to which an Initial Purchaser of Transfer Restricted Securities covered by such Registration Statement or the underwriter(s), if any, shall reasonably object in writing within three Business Days after the receipt thereof (such objection to be deemed timely made upon confirmation of telecopy transmission within such period); provided, that this clause (iv) shall not apply to any filing by the Company of any periodic or current report required to be filed by the Company under the Exchange Act with respect to matters unrelated to the Initial Securities, the Transfer Restricted Securities and the Exchange Securities and the offering thereof or exchange therefor.  The objection of an Initial Purchaser or underwriter, if any, shall be deemed to be reasonable if such Registration Statement, amendment, Prospectus or supplement, as applicable, as proposed to be filed, contains a material misstatement or omission;

 

(v)                                 [reserved];

 

(vi)                              make available, subject to customary confidentiality agreements, at reasonable times and upon reasonable request for inspection by the Initial Purchasers, the managing underwriter(s), if any, participating in any disposition pursuant to such Registration Statement and any attorney or accountant retained by such Initial Purchasers or any of the underwriter(s) in connection therewith, all financial and other records, pertinent corporate documents and properties of each 

 

11

 

of the Company and the Guarantors and cause the Company’s and the Guarantors’ officers, directors and employees to supply all information reasonably requested by any such Initial Purchaser, underwriter, attorney or accountant in connection with such Registration Statement or any post-effective amendment thereto subsequent to the filing thereof and prior to its effectiveness and to participate in meetings with investors to the extent requested by the managing underwriter(s), if any;

 

(vii)                           if requested by any selling Holders or the underwriter(s), if any, promptly incorporate in any Registration Statement or Prospectus, pursuant to a supplement or post-effective amendment if necessary, such information as such selling Holders and underwriter(s), if any, may reasonably request to have included therein, including, without limitation, information relating to the “Plan of Distribution” of the Transfer Restricted Securities, information with respect to the principal amount of Transfer Restricted Securities being sold to such underwriter(s), the purchase price being paid therefor and any other terms of the offering of the Transfer Restricted Securities to be sold in such offering; and make all required filings of such Prospectus supplement or post-effective amendment as soon as reasonably practicable after the Company is notified of the matters to be incorporated in such Prospectus supplement or post-effective amendment;

 

(viii)                        cause the Transfer Restricted Securities covered by the Registration Statement to be rated with the appropriate rating agencies, if so requested by the Holders of a majority in aggregate principal amount of Transfer Restricted Securities covered thereby or the underwriter(s), if any;

 

(ix)                              furnish to each Initial Purchaser, each selling Holder and each of the underwriter(s), if any, without charge, at least one copy of the Registration Statement, as first filed with the Commission, and of each amendment thereto, including financial statements and schedules, all documents incorporated by reference therein and all exhibits (including exhibits incorporated therein by reference), unless the same is publicly available on EDGAR;

 

(x)                                 deliver to each selling Holder and each of the underwriter(s), if any, without charge, as many copies of the Prospectus (including each preliminary prospectus) and any amendment or supplement thereto as such Persons reasonably may request; each of the Company and the Guarantors hereby consents to the use of the Prospectus and any amendment or supplement thereto by each of the selling Holders and each of the underwriter(s), if any, in connection with the offering and the sale of the Transfer Restricted Securities covered by the Prospectus or any amendment or supplement thereto;

 

(xi)                              enter into such agreements (including an underwriting agreement), and make such customary representations and warranties, and take all such other commercially reasonable actions in connection therewith in order to expedite or facilitate the disposition of the Transfer Restricted Securities pursuant to any 

 

12

 

Registration Statement contemplated by this Agreement, all to such extent as may be reasonably requested by any Initial Purchaser or by any Holder of at least 10% of the aggregate principal amount of the Transfer Restricted Securities or underwriter in connection with any sale or resale pursuant to any Registration Statement contemplated by this Agreement; and whether or not an underwriting agreement is entered into and whether or not the registration is an Underwritten Registration, each of the Company and the Guarantors shall use its commercially reasonable efforts to:

 

(A)                               furnish to each Initial Purchaser, each selling Holder of at least 10% of the aggregate principal amount of the Transfer Restricted Securities and each underwriter, if any, in such substance and scope as they may request and as are customarily made by issuers to underwriters in primary underwritten offerings, upon the date of the Consummation of the Exchange Offer or, if applicable, the effectiveness of the Shelf Registration Statement:

 

(1)                                 a certificate, dated the date of Consummation of the Exchange Offer or the date of effectiveness of the Shelf Registration Statement, as the case may be, signed by (y) the President, principal executive officer or any Vice President and (z) a principal financial or accounting officer of each of the Company and the Guarantors, confirming, as of the date thereof, the matters set forth in paragraphs (i) and (ii) of Section 6(c) of the Purchase Agreement and such other matters as such parties may reasonably request;

 

(2)                                 if requested by any Initial Purchaser, underwriter or Holders of a majority of the aggregate principal amount of Transfer Restricted Securities then outstanding, an opinion, dated the date of Consummation of the Exchange Offer or the date of effectiveness of the Shelf Registration Statement, as the case may be, of counsel for the Company and the Guarantors, covering the matters set forth in Section 6(a) of the Purchase Agreement and such other matter as such parties may reasonably request, and in any event including a customary statement substantially to the effect that such counsel has participated in conferences with officers and other representatives of the Company and the Guarantors, representatives of the independent public accountants for the Company and the Guarantors, representatives of the underwriter(s), if any, and counsel to the underwriter(s), if any, in connection with the preparation of such Registration Statement and the related Prospectus and have considered the matters required to be stated therein and the statements contained therein, although such counsel has not independently verified the accuracy, completeness or fairness of such statements; and that such counsel advises that, on the basis of the foregoing, no facts came to such 

 

13

 

counsel’s attention that caused such counsel to believe that the applicable Registration Statement, at the time such Registration Statement or any post-effective amendment thereto became effective, and, in the case of the Exchange Offer Registration Statement, as of the date of Consummation, contained an untrue statement of a material fact or omitted to state a material fact required to be stated therein or necessary to make the statements therein, in the light of the circumstances under which they were made, not misleading, or that the Prospectus contained in such Registration Statement as of its date and, in the case of the opinion dated the date of Consummation of the Exchange Offer, as of the date of Consummation, contained an untrue statement of a material fact or omitted to state a material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading.  Without limiting the foregoing, such counsel may state further that such counsel assumes no responsibility for, and has not independently verified, the accuracy, completeness or fairness of the statements contained in, and does not express any belief with respect to, the financial statements and related notes , and any financial statement schedules or other financial or accounting data and information, or assessments of or reports on the effectiveness of internal control over financial reporting contained in any Registration Statement contemplated by this Agreement or the related Prospectus; and

 

(3)                                 a customary comfort letter, dated the date of effectiveness of the Shelf Registration Statement, from the Company’s independent accountants, in the customary form and covering matters of the type customarily requested to be covered in comfort letters by underwriters in connection with primary underwritten offerings, and covering or affirming the matters set forth in the comfort letters delivered pursuant to Section 6(d) of the Purchase Agreement;

 

(B)                               set forth in full or incorporate by reference in the underwriting agreement, if any, the indemnification provisions and procedures of Section 8 hereof with respect to all parties to be indemnified pursuant to said Section; and

 

(C)                               deliver such other documents and certificates as may be reasonably requested by such parties to evidence compliance with Section 6(c)(xi)(A) hereof and with any customary conditions contained in the underwriting agreement or other agreement entered into by the Company or the Guarantors pursuant to this Section 6(c)(xi), if any.

 

If at any time the representations and warranties of the Company and the Guarantors contemplated in Section 6(c)(xi)(A)(1) hereof cease to be true and 

 

14

 

correct, the Company or the Guarantors shall so advise the Initial Purchasers and the underwriter(s), if any, and each selling Holder promptly and, if requested by such Persons, shall confirm such advice in writing;

 

(xii)                           prior to any public offering of Transfer Restricted Securities, cooperate with the selling Holders, the underwriter(s), if any, and their respective counsel in connection with the registration and qualification of the Transfer Restricted Securities under the state securities or blue sky laws of such jurisdictions as the selling Holders or underwriter(s), if any, may request and do any and all other acts or things reasonably necessary or advisable to enable the disposition in such jurisdictions of the Transfer Restricted Securities covered by the Shelf Registration Statement; provided, however, that none of the Company or the Guarantors shall be required to register or qualify as a foreign corporation where it is not then so qualified or to take any action that would subject it to the service of process in suits or to taxation, other than as to matters and transactions relating to the Registration Statement, in any jurisdiction where it is not then so subject;

 

(xiii)                        shall issue, upon the request of any Holder of Initial Securities covered by the Shelf Registration Statement, Exchange Securities having an aggregate principal amount equal to the aggregate principal amount of Initial Securities surrendered to the Company by such Holder in exchange therefor or being sold by such Holder; such Exchange Securities to be registered in the name of such Holder or in the name of the purchaser(s) of such Exchange Securities, as the case may be; in return, the Initial Securities held by such Holder shall be surrendered to the Company for cancellation;

 

(xiv)                       cooperate with the selling Holders and the underwriter(s), if any, to facilitate the timely preparation and delivery of certificates representing Transfer Restricted Securities to be sold and not bearing any restrictive legends (other than customary legends including in global securities held for the benefit of a depositary); and enable such Transfer Restricted Securities to be in such denominations and registered in such names as the Holders or the underwriter(s), if any, may request, subject to the terms of the Indenture, at least two Business Days prior to any sale of Transfer Restricted Securities made by such Holders or underwriter(s);

 

(xv)                          use its commercially reasonable efforts to cause the Transfer Restricted Securities covered by the Registration Statement to be registered with or approved by such other governmental agencies or authorities as may be necessary to enable the seller or sellers thereof or the underwriter(s), if any, to consummate the disposition of such Transfer Restricted Securities, subject to the proviso contained in Section 6(c)(xii) hereof;

 

(xvi)                       if any fact or event contemplated by Section 6(c)(iii)(D) hereof shall exist or have occurred, prepare a supplement or post-effective amendment to the Registration Statement or related Prospectus or any document incorporated 

 

15

 

therein by reference or file any other required document so that, as thereafter delivered to the purchasers of Transfer Restricted Securities, the Prospectus will not contain an untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein not misleading;

 

(xvii)                    provide a CUSIP number for all Exchange Securities not later than the effective date of the Registration Statement covering such Exchange Securities and provide the Trustee under the Indenture with printed certificates for such Exchange Securities which are in a form eligible for deposit with the Depository Trust Company and take all other action necessary to ensure that all such Exchange Securities are eligible for deposit with the Depository Trust Company;

 

(xviii)                 cooperate and assist in any filings required to be made with FINRA and in the performance of any due diligence investigation by any underwriter (including any “qualified independent underwriter”) that is required to be retained in accordance with the rules and regulations of FINRA;

 

(xix)                       otherwise use its commercially reasonable efforts to comply with all applicable rules and regulations of the Commission, and make generally available to its security holders, as soon as practicable, a consolidated earnings statement meeting the requirements of Rule 158 (which need not be audited) for the twelve-month period (A) commencing at the end of any fiscal quarter in which Transfer Restricted Securities are sold to underwriters in a firm commitment or best efforts Underwritten Offering or (B) if not sold to underwriters in such an offering, beginning with the first month of the Company’s first fiscal quarter commencing after the effective date of the Registration Statement;

 

(xx)                          cause the Indenture to be qualified under the Trust Indenture Act not later than the effective date of the first Registration Statement required by this Agreement, and, in connection therewith, cooperate with the Trustee and the Holders of Initial Securities to effect such changes to the Indenture as may be required for such Indenture to be so qualified in accordance with the terms of the Trust Indenture Act; and to execute and use its commercially reasonable efforts to cause the Trustee to execute, all documents that may be required to effect such changes and all other forms and documents required to be filed with the Commission to enable such Indenture to be so qualified in a timely manner;

 

(xxi)                       cause all Exchange Securities covered by the Registration Statement to be listed on each securities exchange or automated quotation system on which similar securities issued by the Company are then listed if requested by the Holders of a majority in aggregate principal amount of Transfer Restricted Securities or the managing underwriter(s), if any; and

 

16

 

(xxii)                    provide promptly to each Holder upon request each document filed with the Commission pursuant to the requirements of Section 13 and Section 15 of the Exchange Act, unless the same are publicly available on EDGAR.

 

Each Holder agrees by acquisition of a Transfer Restricted Security that, upon receipt of any notice from the Company of the existence of any fact of the kind described in Section 6(c)(iii)(D) hereof, such Holder will forthwith discontinue disposition of Transfer Restricted Securities pursuant to the applicable Registration Statement until such Holder’s receipt of the copies of the supplemented or amended Prospectus contemplated by Section 6(c)(xvi) hereof, or until it is advised in writing (the “Advice”) by the Company that the use of the Prospectus may be resumed, and has received copies of any additional or supplemental filings that are incorporated by reference in the Prospectus.  If so directed by the Company, each Holder will deliver to the Company (at the Company’s expense) all copies, other than permanent file copies then in such Holder’s possession, of the Prospectus covering such Transfer Restricted Securities that was current at the time of receipt of such notice.  In the event the Company shall give any such notice, the time period regarding the effectiveness of such Registration Statement set forth in Section 3 or 4 hereof, as applicable, shall be extended by the number of days during the period from and including the date of the giving of such notice pursuant to Section 6(c)(iii)(D) hereof to and including the date when each selling Holder covered by such Registration Statement shall have received the copies of the supplemented or amended Prospectus contemplated by Section 6(c)(xvi) hereof or shall have received the Advice; provided, however, that no such extension shall be taken into account in determining whether Additional Interest is due pursuant to Section 5 hereof or the amount of such Additional Interest, it being agreed that the Company’s option to suspend use of a Registration Statement pursuant to this paragraph shall be treated as a Registration Default for purposes of Section 5 hereof.

 

SECTION 7.                                      Registration Expenses.

 

(a)                                 All expenses incident to the Company’s and the Guarantors’ performance of or compliance with this Agreement will be borne by the Company and the Guarantors, jointly and severally, regardless of whether a Registration Statement becomes effective, including, without limitation: (i) all registration and filing fees and expenses (including filings made by any Initial Purchaser or Holder with FINRA (and, if applicable, the fees and expenses of any “qualified independent underwriter” and its counsel that may be required by the rules and regulations of FINRA)); (ii) all fees and expenses of compliance with federal securities and state securities or blue sky laws; (iii) all expenses of printing (including printing certificates for the Exchange Securities to be issued in the Exchange Offer and printing of Prospectuses), messenger and delivery services and telephone; (iv) all fees and disbursements of counsel for the Company, the Guarantors and, subject to Section 7(b) hereof, the Holders of Transfer Restricted Securities in connection with the transactions contemplated by this Agreement; (v) all application and filing fees in connection with listing the Exchange Securities on a securities exchange or automated quotation system pursuant to the requirements thereof; and (vi) all fees and disbursements of independent certified public accountants of the Company and the Guarantors 

 

17

 

(including the expenses of any special audit and comfort letters required by or incident to such performance).

 

Each of the Company and the Guarantors will, in any event, bear its internal expenses (including, without limitation, all salaries and expenses of its officers and employees performing legal or accounting duties), the expenses of any annual audit and the fees and expenses of any Person, including special experts, retained by the Company or the Guarantors.

 

(b)                                 In connection with any Registration Statement required by this Agreement (including, without limitation, the Exchange Offer Registration Statement and the Shelf Registration Statement), the Company and the Guarantors, jointly and severally, will reimburse the Initial Purchasers and the Holders of Transfer Restricted Securities being tendered in the Exchange Offer and/or resold pursuant to the “Plan of Distribution” contained in the Exchange Offer Registration Statement or registered pursuant to the Shelf Registration Statement, as applicable, for the reasonable fees and disbursements of not more than one counsel, who shall be Davis Polk & Wardwell LLP or such other counsel as may be chosen by the Holders of a majority in principal amount of the Transfer Restricted Securities for whose benefit such Registration Statement is being prepared.

 

SECTION 8.                                      Indemnification.

 

(a)                                 The Company and the Guarantors, jointly and severally, agree to indemnify and hold harmless (i) each Holder and (ii) each Person, if any, who controls (within the meaning of Section 15 of the Securities Act or Section 20 of the Exchange Act) any Holder (any of the Persons referred to in this clause (ii) being hereinafter referred to as a “controlling person”) and (iii) the respective officers, directors, partners, employees, representatives and agents of any Holder or any controlling person (any Person referred to in clause (i), (ii) or (iii) may hereinafter be referred to as an “Indemnified Holder”), to the fullest extent lawful, from and against any and all losses, claims, damages, liabilities, judgments, actions and reasonably incurred expenses (including, without limitation, and as incurred, reimbursement of all reasonable costs of investigating, preparing, pursuing, settling, compromising, paying or defending any claim or action, or any investigation or proceeding by any governmental agency or body, commenced or threatened, including the reasonable fees and expenses of counsel to any Indemnified Holder), joint or several, directly or indirectly caused by, related to, based upon, arising out of or in connection with any untrue statement or alleged untrue statement of a material fact contained in any Registration Statement or Prospectus (or any amendment or supplement thereto), or any omission or alleged omission to state therein a material fact required to be stated therein or necessary to make the statements therein, in the light of the circumstances under which they were made, not misleading, in each case except insofar as such losses, claims, damages, liabilities or expenses are caused by an untrue statement or omission or alleged untrue statement or omission that is made in reliance upon and in conformity with information relating to any of the Holders furnished in writing to the Company by any of the Holders expressly for use therein.  This 

 

18

 

indemnity agreement shall be in addition to any liability which the Company or any of the Guarantors may otherwise have.

 

In case any action or proceeding (including any governmental or regulatory investigation or proceeding) shall be brought or asserted against any of the Indemnified Holders with respect to which indemnity may be sought against the Company or the Guarantors, such Indemnified Holder (or the Indemnified Holder controlled by such controlling person) shall promptly notify the Company and the Guarantors in writing; provided, however, that the failure so to notify the Company or the Guarantors (i) will not relieve any of the Company or the Guarantors from liability under the indemnification obligation above unless and to the extent they did not otherwise learn of such action and such failure results in the forfeiture by them of substantial rights and defenses and (ii) will not, in any event, relieve any of the Company or the Guarantors from any obligations to any Indemnified Holder pursuant to this Agreement other than the indemnification obligation above. The Company and the Guarantors shall be entitled to appoint counsel (including local counsel) of their choice at their expense to represent the Indemnified Holders in any action for which indemnification is sought (in which case the Company and the Guarantors shall not thereafter be responsible for the fees and expenses of any separate counsel, other than local counsel if not appointed by the Company and the Guarantors, retained by the Indemnified Holders except as set forth below); provided, however, that such counsel shall be reasonably satisfactory to the Indemnified Holders. Notwithstanding the Company’s and Guarantors’ election to appoint counsel (including local counsel) to represent the Indemnified Holders in an action, the Indemnified Holders shall have the right to employ separate counsel (including local counsel), and the Company and the Guarantors shall bear the reasonable fees, costs and expenses of such separate counsel if (i) the use of counsel chosen by the Company and the Guarantors to represent the Indemnified Holders would present such counsel with a conflict of interest; (ii) the actual or potential defendants in, or targets of, any such action include both the Indemnified Holders and the Company or Guarantors and the Indemnified Holders shall have reasonably concluded that there may be legal defenses available to them and/or other Indemnified Holders that are different from or additional to those available to the Company and the Guarantors; (iii) the Company and the Guarantors shall not have employed counsel reasonably satisfactory to the Indemnified Holders to represent them within a reasonable time after notice of the institution of such action; or (iv) the Company and the Guarantors shall authorize the Indemnified Holders to employ separate counsel at the expense of the Company and the Guarantors.  The Company and the Guarantors shall not, in connection with any one such action or proceeding or separate but substantially similar or related actions or proceedings in the same jurisdiction arising out of the same general allegations or circumstances, be liable for the reasonable fees and expenses of more than one separate firm of attorneys (in addition to any local counsel) at any time for such Indemnified Holders, which firm shall be designated by the Indemnified Holders.  The Company and the Guarantors shall be liable for any settlement of any such action or proceeding effected with the Company’s and the Guarantors’ prior written consent, which consent shall not be withheld unreasonably, and each of the Company and the Guarantors agrees to indemnify and hold harmless any Indemnified Holder from and against any loss, claim, damage, liability or expense by reason of any settlement of any action effected with the written consent of the Company and the Guarantors.  The Company and 

 

19

 

the Guarantors shall not, without the prior written consent of each Indemnified Holder, settle or compromise or consent to the entry of judgment in or otherwise seek to terminate any pending or threatened action, claim, litigation or proceeding in respect of which indemnification or contribution may be sought hereunder (whether or not any Indemnified Holder is a party thereto), unless such settlement, compromise, consent or termination includes an unconditional release of each Indemnified Holder from all liability arising out of such action, claim, litigation or proceeding.

 

(b)                                 Each Holder of Transfer Restricted Securities agrees, severally and not jointly, to indemnify and hold harmless the Company, the Guarantors and their respective directors, officers of the Company and the Guarantors who sign a Registration Statement, and any Person controlling (within the meaning of Section 15 of the Securities Act or Section 20 of the Exchange Act) the Company or any of the Guarantors, and the respective officers, directors, partners, employees, representatives and agents of each such Person, to the same extent as the foregoing indemnity from the Company and the Guarantors to each of the Indemnified Holders, but only with respect to claims and actions based on information relating to such Holder furnished in writing by such Holder expressly for use in any Registration Statement.  In case any action or proceeding shall be brought against the Company, the Guarantors or their respective directors or officers or any such controlling person in respect of which indemnity may be sought against a Holder of Transfer Restricted Securities, such Holder shall have the rights and duties given the Company and the Guarantors, and the Company, the Guarantors, their respective directors and officers and such controlling person shall have the rights and duties given to each Holder by the preceding paragraph.

 

(c)                                  If the indemnification provided for in this Section 8 is unavailable to an indemnified party under Section 8(a) or (b) hereof (other than by reason of exceptions provided in those Sections) in respect of any losses, claims, damages, liabilities, judgments, actions or expenses referred to therein, then each applicable indemnifying party, in lieu of indemnifying such indemnified party, shall contribute to the amount paid or payable by such indemnified party as a result of such losses, claims, damages, liabilities or expenses in such proportion as is appropriate to reflect the relative benefits received by the Company and the Guarantors, on the one hand, and the Holders, on the other hand, from the Initial Placement (which in the case of the Company and the Guarantors shall be deemed to be equal to the total gross proceeds to the Company and the Guarantors from the Initial Placement), the amount of Additional Interest which did not become payable as a result of the filing of the Registration Statement resulting in such losses, claims, damages, liabilities, judgments actions or expenses, and such Registration Statement, or if such allocation is not permitted by applicable law, the relative fault of the Company and the Guarantors, on the one hand, and the Holders, on the other hand, in connection with the statements or omissions which resulted in such losses, claims, damages, liabilities or expenses, as well as any other relevant equitable considerations.  The relative fault of the Company on the one hand and of the Indemnified Holder on the other shall be determined by reference to, among other things, whether the untrue or alleged untrue statement of a material fact or the omission or alleged omission to state a material fact relates to information supplied by the Company or any of the Guarantors, on the one hand, or the Indemnified Holders, on the other hand,

 

20

 

and the parties’ relative intent, knowledge, access to information and opportunity to correct or prevent such statement or omission.  The amount paid or payable by a party as a result of the losses, claims, damages, liabilities and expenses referred to above shall be deemed to include, subject to the limitations set forth in the second paragraph of Section 8(a) hereof, any legal or other fees or expenses reasonably incurred by such party in connection with investigating or defending any action or claim.

 

The Company, the Guarantors and each Holder of Transfer Restricted Securities agree that it would not be just and equitable if contribution pursuant to this Section 8(c) were determined by pro rata allocation (even if the Holders were treated as one entity for such purpose) or by any other method of allocation which does not take account of the equitable considerations referred to in the immediately preceding paragraph.  The amount paid or payable by an indemnified party as a result of the losses, claims, damages, liabilities or expenses referred to in the immediately preceding paragraph shall be deemed to include, subject to the limitations set forth above, any legal or other expenses reasonably incurred by such indemnified party in connection with investigating or defending any such action or claim.  Notwithstanding the provisions of this Section 8, none of the Holders (and its related Indemnified Holders) shall be required to contribute, in the aggregate, any amount in excess of the amount by which the total discount received by such Holder with respect to the Initial Securities exceeds the amount of any damages which such Holder has otherwise been required to pay by reason of such untrue or alleged untrue statement or omission or alleged omission.  No Person guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the Securities Act) shall be entitled to contribution from any Person who was not guilty of such fraudulent misrepresentation.  The Holders’ obligations to contribute pursuant to this Section 8(c) are several in proportion to the respective principal amount of Initial Securities held by each of the Holders hereunder and not joint.

 

SECTION 9.                                      Rule 144A.  Each of the Company and the Guarantors hereby agrees with each Holder, for so long as any Transfer Restricted Securities remain outstanding, to make available to any Holder or beneficial owner of Transfer Restricted Securities in connection with any sale thereof and any prospective purchaser of such Transfer Restricted Securities from such Holder or beneficial owner, the information required by Rule 144A(d)(4) under the Securities Act in order to permit resales of such Transfer Restricted Securities pursuant to Rule 144A under the Securities Act.

 

SECTION 10.                               Participation in Underwritten Registrations.  No Holder may participate in any Underwritten Registration hereunder unless such Holder (a) agrees to sell such Holder’s Transfer Restricted Securities on the basis provided in any underwriting arrangements approved by the Persons entitled hereunder to approve such arrangements and (b) completes and executes all reasonable questionnaires, powers of attorney, indemnities, underwriting agreements, lock-up letters and other documents required under the terms of such underwriting arrangements.

 

SECTION 11.                               Selection of Underwriters.  The Holders of Transfer Restricted Securities covered by the Shelf Registration Statement who desire to do so may sell such Transfer Restricted Securities in an Underwritten Offering.  In any such Underwritten 

 

21

 

Offering, the investment banker(s) and managing underwriter(s) that will administer such offering will be selected by the Company and the Guarantors; provided, however, that such investment banker(s) and managing underwriter(s) must be reasonably satisfactory to the Holders of a majority in aggregate principal amount of the Transfer Restricted Securities included in such offering.

 

SECTION 12.                               Miscellaneous.

 

(a)                                 Remedies.  Each of the Company and the Guarantors hereby agrees that monetary damages would not be adequate compensation for any loss incurred by reason of a breach by it of the provisions of this Agreement and hereby agree to waive the defense in any action for specific performance that a remedy at law would be adequate.

 

(b)                                 No Inconsistent Agreements.  Each of the Company and the Guarantors will not on or after the date of this Agreement enter into any agreement with respect to its securities that is inconsistent with the rights granted to the Holders in this Agreement or otherwise conflicts with the provisions hereof.  The rights granted to the Holders hereunder do not in any way conflict with and are not inconsistent with the rights granted to the holders of the Company’s or any of the Guarantors’ securities under any agreement in effect on the date hereof.

 

(c)                                  Adjustments Affecting the Securities.  The Company will not take any action, or permit any change to occur, with respect to the Securities that would reasonably be expected to materially and adversely affect the ability of the Holders to Consummate any Exchange Offer.

 

(d)                                 Amendments and Waivers.  The provisions of this Agreement may not be amended, modified or supplemented, and waivers or consents to or departures from the provisions hereof may not be given unless the Company has (i) in the case of Section 5 hereof and this Section 12(d)(i), obtained the written consent of Holders of all outstanding Transfer Restricted Securities and (ii) in the case of all other provisions hereof, obtained the written consent of Holders of a majority of the outstanding principal amount of Transfer Restricted Securities (excluding any Transfer Restricted Securities held by the Company or its Affiliates).  Notwithstanding the foregoing, a waiver or consent to departure from the provisions hereof that relates exclusively to the rights of Holders whose securities are being tendered pursuant to the Exchange Offer and that does not affect directly or indirectly the rights of other Holders whose securities are not being tendered pursuant to such Exchange Offer may be given by the Holders of a majority of the outstanding principal amount of Transfer Restricted Securities being tendered or registered; provided, however, that, with respect to any matter that directly or indirectly affects the rights of any Initial Purchaser hereunder, the Company shall obtain the written consent of each such Initial Purchaser with respect to which such amendment, qualification, supplement, waiver, consent or departure is to be effective.

 

(e)                                  Notices.  All notices and other communications provided for or permitted hereunder shall be made in writing by hand-delivery, first-class mail (registered or 

 

22

 

certified, return receipt requested), telex, telecopier, or air courier guaranteeing overnight delivery:

 

(i)                  if to a Holder, at the address set forth on the records of the Registrar under the Indenture, with a copy to the Registrar under the Indenture; and

 

(ii)               if to the Company:

 

Flextronics International Ltd.
 6201 America Center Drive

San Jose, CA 95002

Facsimile No.: (408) 935-8147

Attention: General Counsel

 

With a copy to:

 

Curtis, Mallet-Prevost, Colt & Mosle LLP
 101 Park Avenue
 New York, New York 10178
 Facsimile No.: (212) 697-1559
 Attention: Jeffrey Ostrager

 

All such notices and communications shall be deemed to have been duly given:  at the time delivered by hand, if personally delivered; five Business Days after being deposited in the mail, postage prepaid, if mailed; when answered back, if telexed; when receipt acknowledged, if telecopied; and on the next Business Day, if timely delivered to an air courier guaranteeing overnight delivery.

 

Copies of all such notices, demands or other communications shall be concurrently delivered by the Person giving the same to the Trustee at the address specified in the Indenture.

 

(f)                                   Successors and Assigns.  This Agreement shall inure to the benefit of and be binding upon the successors and assigns of each of the parties, including, without limitation, and without the need for an express assignment, subsequent Holders of Transfer Restricted Securities; provided, however, that this Agreement shall not inure to the benefit of or be binding upon a successor or assign of a Holder unless and to the extent such successor or assign acquired Transfer Restricted Securities from such Holder.

 

(g)                                  Counterparts.  This Agreement may be executed in any number of counterparts and by the parties hereto in separate counterparts, each of which when so executed shall be deemed to be an original and all of which taken together shall constitute one and the same agreement.

 

(h)                                 Headings.  The headings in this Agreement are for convenience of reference only and shall not limit or otherwise affect the meaning hereof.

 

23

 

(i)                                     Governing Law.  THIS AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK.

 

(j)                                    Severability.  In the event that any one or more of the provisions contained herein, or the application thereof in any circumstance, is held invalid, illegal or unenforceable, the validity, legality and enforceability of any such provision in every other respect and of the remaining provisions contained herein shall not be affected or impaired thereby.

 

(k)                                 Submission to Jurisdiction.  The Company and the Guarantors hereby submit to the non-exclusive jurisdiction of the Federal and state courts in the Borough of Manhattan in The City of New York in any suit or proceeding arising out of or relating to this Agreement or the transactions contemplated hereby. The Company and the Guarantors hereby appoint CT Corporation System, with offices on the date hereof at 111 Eighth Avenue, New York, New York 10011, as their authorized agent (the “Authorized Agent”) upon whom process may be served in any suit, action or proceeding arising out of or based upon this Agreement or the transactions contemplated herein that may be instituted in any State or U.S. federal court in The City of New York and County of New York, by any Initial Purchaser, the directors, officers, employees, affiliates and agents of any Initial Purchaser, or by any person who controls any Initial Purchaser, and expressly accepts the non-exclusive jurisdiction of any such court in respect of any such suit, action or proceeding.  The Company and the Guarantors hereby represent and warrant that the Authorized Agent has accepted such appointment and has agreed to act as said agent for service of process, and the Company and the Guarantors agree to take any and all action, including the filing of any and all documents that may be necessary to continue such appointment in full force and effect as aforesaid.  Service of process upon the Authorized Agent shall be deemed, in every respect, effective service of process upon the Company and upon the Guarantors.

 

IN THE EVENT OF ANY DISPUTE BETWEEN THE PARTIES, WHETHER IT RESULTS IN PROCEEDINGS IN ANY COURT IN ANY JURISDICTION, THE PARTIES HEREBY KNOWINGLY AND VOLUNTARILY, AND HAVING HAD AN OPPORTUNITY TO CONSULT WITH COUNSEL, WAIVE ALL RIGHTS TO TRIAL BY JURY, AND AGREE THAT ANY AND ALL MATTERS SHALL BE DECIDED BY A JUDGE WITHOUT A JURY TO THE FULLEST EXTENT PERMISSIBLE UNDER APPLICABLE LAW.  To the extent applicable, in the event of any lawsuit between the parties arising out of or related to this Agreement, the parties agree to prepare and to timely file in the applicable court a mutual consent to waive any statutory or other requirements for a trial by jury.

 

(l)                                     Judgment Currency.  The obligation of the Company and the Guarantors in respect of any sum due to the Initial Purchasers shall, notwithstanding any judgment in a currency other than United States dollars, not be discharged until the first business day, 

 

24

 

following receipt by the Initial Purchasers of any sum adjudged to be so due in such other currency, on which (and only to the extent that) the Initial Purchasers may in accordance with normal banking procedures purchase United States dollars with such other currency; if the United States dollars so purchased are less than the sum originally due to the Initial Purchasers hereunder, the Company and the Guarantors each agree, as a separate obligation and notwithstanding any such judgment, to indemnify the Initial Purchasers against such loss. If the United States dollars so purchased are greater than the sum originally due to the Initial Purchasers hereunder, the Initial Purchasers agree to pay to the Company and the Guarantors, collectively, an amount equal to the excess of the dollars so purchased over the sum originally due to the Initial Purchasers hereunder.

 

(m)                             Entire Agreement.  This Agreement is intended by the parties as a final expression of their agreement and intended to be a complete and exclusive statement of the agreement and understanding of the parties hereto in respect of the subject matter contained herein.  There are no restrictions, promises, warranties or undertakings, other than those set forth or referred to herein with respect to the registration rights granted by the Company with respect to the Transfer Restricted Securities.  This Agreement supersedes all prior agreements and understandings between the parties with respect to such subject matter.

 

[Signature pages follow]

 

25

 

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

 

26

 

	
 
    	
Very   truly yours,
    
	
 
    	
 
    
	
 
    	
FLEXTRONICS   INTERNATIONAL LTD.
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/   Manny Marimuthu
    
	
 
    	
 
    	
Name:
    	
Manny   Marimuthu
    
	
 
    	
 
    	
Title:
    	
Authorized   Signatory
    

 

[Signature Page to the Registration Rights Agreement]

 

27

 

	
 
    	
FLEXTRONICS   AMERICA, LLC
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/   David P. Bennett
    
	
 
    	
 
    	
Name:
    	
David   P. Bennett
    
	
 
    	
 
    	
Title:
    	
Manager
    

 

[Signature Page to the Registration Rights Agreement]

 

28

 

	
 
    	
FLEXTRONICS   INTERNATIONAL USA, INC.
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/   Timothy Stewart
    
	
 
    	
 
    	
Name:
    	
Timothy   Stewart
    
	
 
    	
 
    	
Title:
    	
Vice   President and Secretary
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
FLEXTRONICS   LOGISTICS USA, INC.
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/   Timothy Stewart
    
	
 
    	
 
    	
Name:
    	
Timothy   Stewart
    
	
 
    	
 
    	
Title:
    	
Vice   President and Secretary
    

 

[Signature Page to the Registration Rights Agreement]

 

29

 

	
 
    	
Very   truly yours, 
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
FLEXTRONICS   INTERNATIONAL EUROPE B.V.
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/   Bart van Loon
    
	
 
    	
 
    	
Name:
    	
Bart   van Loon
    
	
 
    	
 
    	
Title:
    	
Managing   Director
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/   Mark J. Savage
    
	
 
    	
 
    	
Name:
    	
Mark   J. Savage
    
	
 
    	
 
    	
Title:
    	
Managing   Director
    

 

[Signature Page to the Registration Rights Agreement]

 

30

 

	
 
    	
FLEXTRONICS   INTERNATIONAL TERMELŐ ÉS SZOLGÁLTATÓ VÁMSZABADTERŰLETI KORLÁTOLT   FELELŐSSÉGŰ TÁRSASÁG
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/Robert   McCafferty
    
	
 
    	
 
    	
Name:
    	
Robert   McCafferty
    
	
 
    	
 
    	
Title:
    	
Managing   Director
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/   Zsolt Istvan Raba
    
	
 
    	
 
    	
Name:
    	
Zsolt   Istvan Raba
    
	
 
    	
 
    	
Title:
    	
Authorized   Signatory
    

 

[Signature Page to the Registration Rights Agreement]

 

31

 

	
 
    	
FLEXTRONICS   SALES AND MARKETING CONSUMER DIGITAL LTD.
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/   Manny Marimuthu
    
	
 
    	
 
    	
Name:
    	
Manny   Marimuthu
    
	
 
    	
 
    	
Title:
    	
Director
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
FLEXTRONICS   MARKETING (L) LTD.
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/   Manny Marimuthu
    
	
 
    	
 
    	
Name:
    	
Manny   Marimuthu
    
	
 
    	
 
    	
Title:
    	
Director
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
FLEXTRONICS   SALES & MARKETING NORTH ASIA (L) LTD.
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/   Manny Marimuthu
    
	
 
    	
 
    	
Name:
    	
Manny   Marimuthu
    
	
 
    	
 
    	
Title:
    	
Director
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
FLEXTRONICS SALES & MARKETING   (A-P) LTD.
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/   Manny Marimuthu
    
	
 
    	
 
    	
Name:
    	
Manny   Marimuthu
    
	
 
    	
 
    	
Title:
    	
Director
    

 

[Signature Page to the Registration Rights Agreement]

 

32

 

	
 
    	
FLEXTRONICS   INTERNATIONAL ASIA-PACIFIC LTD.
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/   Manny Marimuthu
    
	
 
    	
 
    	
Name:
    	
Manny   Marimuthu
    
	
 
    	
 
    	
Title:
    	
Director
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
FLEXTRONICS   TELECOM SYSTEMS LTD
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/   Manny Marimuthu
    
	
 
    	
 
    	
Name:
    	
Manny   Marimuthu
    
	
 
    	
 
    	
Title:
    	
Director
    

 

[Signature Page to the Registration Rights Agreement]

 

33

 

	
 
    	
FLEXTRONICS   INTERNATIONAL TECNOLOGIA LTDA.
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/ Rodrigo Castanho   Dall’Oglio
    
	
 
    	
 
    	
Name:
    	
Rodrigo Castanho   Dall’Oglio
    
	
 
    	
 
    	
Title:
    	
Manager
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/ Flávio Dos Santos   Magalhães
    
	
 
    	
 
    	
Name:
    	
Flávio Dos Santos   Magalhães
    
	
 
    	
 
    	
Title:
    	
Manager
    

 

[Signature Page to the Registration Rights Agreement]

 

34

 

The foregoing Registration Rights Agreement is hereby confirmed and accepted as of the date first above written.

 

MERRILL LYNCH, PIERCE, FENNER & SMITH

INCORPORATED

J.P. MORGAN SECURITIES LLC

BNP PARIBAS SECURITIES CORP.

CITIGROUP GLOBAL MARKETS INC.

 

 

As Representatives of the several Initial Purchasers

 

	
By:
    	
Merrill Lynch, Pierce,   Fenner & Smith
    	
 
    
	
 
    	
Incorporated
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
By:
    	
/s/ Laurie Campbell
    	
 
    
	
 
    	
Name:
    	
 
    
	
 
    	
Title:
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
By:
    	
J.P. Morgan Securities   LLC
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
By:
    	
/s/ Dan Alster
    	
 
    
	
 
    	
Name: Dan Alster
    	
 
    
	
 
    	
Title: Managing   Director
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
By:
    	
BNP Paribas Securities   Corp.
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
By:
    	
/s/ B. Campbell   Andersen
    	
 
    
	
 
    	
Name: B. Campbell Andersen
    	
 
    
	
 
    	
Title: Managing   Director
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
By:
    	
Citigroup Global   Markets Inc.
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
By:
    	
/s/ Brian D. Bednarski
    	
 
    
	
 
    	
Name: Brian D.   Bednarski
    	
 
    
	
 
    	
Title: Managing   Director
    	
 
    

 

[Signature Page to the Registration Rights Agreement]

 

35

 

Schedule A

 

Guarantors

 

FLEXTRONICS INTERNATIONAL ASIA-PACIFIC LTD

 

FLEXTRONICS INTERNATIONAL TECNOLOGIA LTDA.

 

FLEXTRONICS MARKETING (L) LTD.

 

FLEXTRONICS INTERNATIONAL EUROPE B.V.

 

FLEXTRONICS TELECOM SYSTEMS LTD

 

FLEXTRONICS INTERNATIONAL KFT.

 

FLEXTRONICS AMERICA, LLC

 

FLEXTRONICS INTERNATIONAL USA, INC.

 

FLEXTRONICS SALES & MARKETING (A-P) LTD.

 

FLEXTRONICS SALES AND MARKETING CONSUMER DIGITAL LTD.

 

FLEXTRONICS SALES & MARKETING NORTH ASIA (L) LTD.

 

FLEXTRONICS LOGISTICS USA, INC.

 

36Exhibit 10.1

	
			
	Americas 90574837
	 
	 

EXECUTION VERSION

AMENDMENT NO. 8 TO CREDIT AGREEMENT

AMENDMENT NO. 8 TO CREDIT AGREEMENT, dated as of June 2, 2015 (“Amendment No. 8”), by and among TRANSUNION INTERMEDIATE HOLDINGS, INC. (f/k/a TRANSUNION CORP.), a Delaware corporation (“Holdings”), TRANS UNION LLC, a Delaware limited liability company (the “Borrower”), the Guarantors, DEUTSCHE BANK AG NEW YORK BRANCH (“DBNY”), as administrative agent (in such capacity, the “Administrative Agent”), as collateral agent (in such capacity, the “Collateral Agent”), as swing line lender (in such capacity, the “Swing Line Lender”), as L/C issuer (in such capacity, “L/C Issuer”), the Revolving Credit Lenders (as defined in the Credit Agreement (as defined below)) party hereto and each 2015 Term B-2 Lender (as defined below). Unless otherwise indicated, all capitalized terms used herein but not otherwise defined shall have the same meanings as specified in the Credit Agreement (as defined below).

WITNESSETH:
WHEREAS, Holdings, the Borrower, the Administrative Agent, the Guarantors party thereto from time to time and each Lender from time to time party thereto have previously entered into an Amendment No. 1 which amended and restated that certain Credit Agreement, dated as of June 15, 2010, among Holdings, the Borrower, the Guarantors, Deutsche Bank Trust Company Americas, as Administrative Agent, and the lenders party thereto from time to time (as further amended, amended and restated, supplemented and/or otherwise modified pursuant to Amendment No. 2, dated as of February 27, 2012, Amendment No. 3, dated as of April 17, 2012, Amendment No. 4, dated as of February 5, 2013, Amendment No. 5, dated as of November 22, 2013, Amendment No. 6, dated as of December 16, 2013 and Amendment No. 7, dated as of April 9, 2014, collectively, the “Credit Agreement”); 
WHEREAS, on the date hereof (but prior to giving effect to this Amendment No. 8), there are outstanding Term Loans (for purposes of this Amendment No. 8, herein called the “Existing Term Loans”) in an aggregate principal amount of $1,881,000,000; 
WHEREAS, in accordance with Section 10.01 of the Credit Agreement, the Borrower wishes to amend the Credit Agreement to enable the refinancing in full of the outstanding Existing Term Loans with the proceeds of the 2015 Term B-2 Loans (as defined below) as more fully provided herein; and
WHEREAS, the Borrower, Holdings, the other Loan Parties, DBNY, as Administrative Agent and Collateral Agent, the Revolving Credit Lenders party hereto and the 2015 Term B-2 Loan Lenders (as defined below) wish to amend the Credit Agreement to provide for certain other modifications to the Credit Agreement, in each case on the terms and subject to the conditions set forth herein.
NOW, THEREFORE, in consideration of the premises and for other good and valuable consideration, the sufficiency and receipt of all of which is hereby acknowledged, the parties hereto hereby agree as follows:
SECTION 1.    2015 Term B-2 Loans. 
(a)     (i)    Subject to the satisfaction (or waiver) of the conditions set forth in Section 4 hereof, the 2015 Term B-2 Lenders hereby agree to make 2015 Term B-2 Loans (as defined below) to the Borrower in the aggregate principal amount of $1,881,000,000 to refinance all outstanding Existing Term Loans, in accordance with the relevant 

requirements of the Credit Agreement.  It is understood that the 2015 Term B-2 Loans being made pursuant to this Amendment No. 8 shall constitute “Replacement Term Loans” pursuant to Section 10.01 of the Credit Agreement and the Existing Term Loans being refinanced shall constitute “Refinanced Term Loans” as described therein.  
(ii)    The Administrative Agent has prepared a schedule (the “2015 Term B-2 Commitment Schedule”) which sets forth the allocated commitments received by it (the “2015 Term B-2 Commitments”) from the 2015 Term B-2 Lenders.  The Administrative Agent has notified each 2015 Term B-2 Lender of its allocated 2015 Term B-2 Commitment, and each of the 2015 Term B-2 Lenders is listed as a signatory to this Amendment No. 8.  On the Amendment No. 8 Effective Date (as defined below), all Existing Term Loans shall be refinanced in full as follows:
(A)    Each Person with a 2015 Term B-2 Commitment (each a “2015 Term B-2 Lender” and collectively, the “2015 Term B-2 Lenders”) severally, and not jointly with the other 2015 Term B-2 Lenders, agrees, upon the terms and subject to the conditions set forth herein and in the Credit Agreement, to make a single draw term loan denominated in Dollars (each a “2015 Term B-2 Loan” and collectively, the “2015 Term B-2 Loans”) to the Borrower on the Amendment No. 8 Effective Date in an aggregate principal amount not to exceed the 2015 Term B-2 Commitment of such 2015 Term B-2 Lender.  Each 2015 Term B-2 Lender’s 2015 Term B-2 Commitments shall terminate immediately and without further action on the Amendment No. 8 Effective Date after giving effect to the funding (including funding by way of a Term Loan Conversion (as defined below) pursuant to clause (B) below) by such 2015 Term B-2 Lender of the 2015 Term B-2 Loans on such date.
(B)    Each 2015 Term B-2 Lender shall make available 2015 Term B-2 Loans in an aggregate principal amount not to exceed its 2015 Term B-2 Commitment in Dollars to the Administrative Agent in accordance with the Credit Agreement; provided, that in the event that any 2015 Term B-2 Lender holds Existing Term Loans immediately prior to the Amendment No. 8 Effective Date, a portion of the Existing Term Loans in a principal amount equal to the lesser of (i) such 2015 Term B-2 Lender’s 2015 Term B-2 Commitment and (ii) the aggregate principal amount of such 2015 Term B-2 Lender’s Existing Term Loans shall automatically be converted on the Amendment No. 8 Effective Date into 2015 Term B-2 Loans of like principal amount (and to the extent of the amount of such converted Existing Term Loans, such 2015 Term B-2 Lender shall not be required to make Dollars available to the Administrative Agent as provided in clause (A) above) (each such conversion, a “Term Loan Conversion”).
(iii)    The initial Interest Period applicable to the 2015 Term B-2 Loans shall commence on the Amendment No. 8 Effective Date and shall end on the date on which the Interest Period applicable to the Existing Term Loans immediately prior to the Amendment No. 8 Effective Date would have ended.
(iv)    Notwithstanding anything to the contrary in this Section 1(a) or in Section 3.05 of the Credit Agreement, each 2015 Term B-2 Lender irrevocably waives any entitlement to any breakage loss or expenses due under Section 3.05 of the Credit Agreement with respect to the repayment of any Existing Term Loans it holds as a Term Lender which have been replaced or repaid with 2015 Term B-2 Loans on the Amendment No. 8 Effective Date.
(b)    Promptly following the Amendment No. 8 Effective Date, all promissory notes, if any, evidencing the Existing Term Loans shall be cancelled, and any 2015 Term B-2 Lender may request that its 2015 Term B-2 Loans be evidenced by a promissory note pursuant to Section 2.11(a) of the Credit Agreement. 
(c)    Notwithstanding anything to the contrary contained in the Credit Agreement, all proceeds of the 2015 Term B-2 Loans (if any) will be used solely to repay outstanding Existing Term Loans on the Amendment No. 8 Effective Date.
(d)    On the Amendment No. 8 Effective Date (after giving effect to this Amendment No. 8), the aggregate outstanding principal amount of the 2015 Term B-2 Loans shall be $1,881,000,000.

SECTION 2.    Amendments to Credit Agreement. 
(a)     Effective as of the Amendment No. 8 Effective Date, the Credit Agreement is hereby amended as follows: 

(i)     Section 1.01 of the Credit Agreement is hereby amended by adding in the appropriate alphabetical order the following new definitions: 
“2015 Term B-2 Loans” has the meaning set forth in Amendment No. 8.
“2015 Term B-2 Commitment” has the meaning set forth in Amendment No. 8.
“2015 Term B-2 Commitment Schedule” has the meaning set forth in Amendment No. 8.
“2015 Term B-2 Lender” has the meaning set forth in Amendment No. 8.
“Converting Term B-2 Lender” has the meaning assigned set forth in Section 2.01(a)(ii).
“Amendment No. 8” means Amendment No. 8 to the Original Credit Agreement, dated as of June 2, 2015, among Holdings, the Borrower, the other Loan Parties, DBNY, as Administrative Agent, Collateral Agent, Swing Line Lender, L/C Issuer, the Revolving Credit Lenders party thereto and the 2015 Term B-2 Lenders.
“Amendment No. 8 Effective Date” means June 2, 2015 or, the date of the effectiveness of Amendment No. 8 in accordance with Section 4 of Amendment No. 8.
“TransUnion IPO” means a Qualified IPO by Parent in an underwritten primary public offering pursuant to the registration statement on Form S-1 (File No. 333-203110) filed with the U.S. Securities and Exchange Commission in accordance with the Securities Act, as such Form S-1 may be amended.
 (ii)      Section 1.01 of the Credit Agreement is hereby further amended by amending clause (a) of the definition of “Applicable Rate” as follows:
(a)deleting the text “and” appearing immediately prior to clause (a)(ii) and inserting a comma directly after clause (a)(i); 
(b)inserting the text “and prior to the TransUnion IPO” immediately following the text “thereafter” appearing in clause (a)(ii)(y) thereof; and
(c)inserting new clause (a)(iii) immediately after clause (a)(ii) as follows:
“(iii)       with respect to Term Loans, after the Amendment No. 8 Effective Date and at any time from and after (x) the consummation of the TransUnion IPO and (y) achievement of a Total Net Leverage Ratio of 5.00:1.00 as of the last day of the most recently ended Test Period for which financial statements were required to have been delivered pursuant to Section 6.01(a) or (b), as applicable, calculated on a Pro Forma Basis giving effect to the TransUnion IPO and the use of proceeds thereof, the following percentages per annum, based upon the Senior Secured Net Leverage Ratio as set forth in the most recent Compliance Certificate required by the Administrative Agent pursuant to Section 6.02(a):
Applicable Rate
	
				
	Pricing Level
	Senior
Secured Net Leverage Ratio
	LIBOR Loans
	Base Rate

	1
	>4.25:1
	3.00%
	2.00%

	2
	≤4.25:1 
	2.75%
	1.75%”

(iii)    Section 1.01 of the Credit Agreement is hereby further amended by inserting the text “, (a)(iii)” immediately following the text “(a)(ii)” appearing in the first sentence of each of the second and the third to last paragraphs of the definition of “Applicable Rate”.
(iv)      Clause (a)(i) of the definition of “LIBOR” appearing in Section 1.01 of the Credit Agreement is hereby amended by inserting the text “and if LIBOR shall be less than zero, such rate shall be deemed zero for purposes of this Agreement” at the end of the proviso thereto.
(vi)     Clause (a)(ii)(w) of the definition of “LIBOR” appearing in Section 1.01 of the Credit Agreement is hereby amended and restated in its entirety as follows: 
“in respect of Term Loans (I) prior to the Amendment No. 8 Effective Date, 1.00% per annum, and (II) on and after the Amendment No. 8 Effective Date after giving effect to Amendment No. 8, 0.75%.”

(vi)      Section 1.01 of the Credit Agreement is hereby further amended by amending and restating the last sentence of the definition of “Class” in its entirety as follows”:
“For the avoidance of doubt, and notwithstanding the foregoing, the 2015 Term B-2 Lenders, the 2015 Term B-2 Commitments and the 2015 Term B-2 Loans shall be considered to be of the same Classes, respectively, of Term Lenders, Term Commitments and Term Loans and constitute Term Lenders, Term Commitment and Term Loans, as the case may be, in all respects under this Agreement.”

(vii)     Section 1.01 of the Credit Agreement is hereby further amended by amending and restating the definition of “Term Commitment” in its entirety as follows:
“Term Commitment” means, with respect to each 2015 Term B-2 Lender on the Amendment No. 8 Effective Date, its obligation to make the 2015 Term B-2 Loans to the Borrower pursuant to Amendment No. 8 in an aggregate amount not to exceed the amount set forth opposite each such Lender’s name on the 2015 Term B-2 Commitment Schedule, or in the Assignment and Assumption pursuant to which a Term Lender becomes a party hereto, as applicable, as such amount may be adjusted from time to time in accordance with this Agreement (including Section 2.14), Amendment No. 8, any Refinancing Amendment or the incurrence of Replacement Term Loans. 
(viii)      Section 1.01 of the Credit Agreement is hereby further amended by amending and restating the definition of “Term Loan” in its entirety as follows: 
“Term Loan” means (a) prior to the Amendment No. 8 Effective Date, 2014 Replacement Term Loans made pursuant to Amendment No. 7 and (b) on and after the Amendment No. 8 Effective Date, 2015 Term B-2 Loans made pursuant to Amendment No. 8 and Extended Term Loans, Incremental Term Loans, Refinancing Term Loans or Replacement Term Loans, as the context may require.
(ix)       Section 2.01(a) of the Credit Agreement is hereby amended and restated in its entirety as follows:

“(a)     The Term Borrowings.  (i) Subject to the terms and conditions set forth in Amendment No. 8, each of the 2015 Term B-2 Lenders severally, and not jointly with the other 2015 Term B-2 Lenders, agrees to make to the Borrower on the Amendment No. 8 Effective Date term loans denominated in Dollars in an aggregate amount not to exceed the amount of such Lender’s 2015 Term B-2 Commitment.  Amounts borrowed under this Section 2.01(a) pursuant to Amendment No. 8 and repaid or prepaid may not be reborrowed.  Term Loans may be Base Rate Loans or LIBOR Loans, as further provided herein.

(ii)  On the Amendment No. 8 Effective Date, the aggregate outstanding principal amount of all Term Loans held by a Term Lender that committed to convert its Term Loans into 2015 Term B-2 Loans pursuant to such Lender’s executed counterpart of Amendment No. 8 delivered to the Administrative Agent in accordance with the terms thereof (each such Lender, a “Converting Term B-2 Lender”) shall be automatically converted into Term B-2 Loans of the Borrower in a like principal amount denominated in Dollars.”

(x)      Section 2.05(a)(i) of the Credit Agreement is hereby amended by amending and restating the proviso at the end of the first sentence thereof as follows:

“; provided further that no notice shall be required in connection with the incurrence of the 2015 Term B-2 Loans on the Amendment No. 8 Effective Date and repayment of the Term Loans with the proceeds thereof”.

(xi)      Section 2.06(b) of the Credit Agreement is hereby amended by amending and restating the first sentence thereof in its en-tirety to read as follows:

“The 2015 Term B-2 Commitment of each 2015 Term B-2 Lender shall automatically terminate in its entirety on the Amendment No. 8 Effective Date (after giving effect to the incurrence of the 2015 Term B-2 Loans on such date).”

(xii)     Section 2.07(a)(i) of the Credit Agreement is hereby amended by replacing references therein to “Amendment No. 7 Effective Date” with “Amendment No. 8 Effective Date”. 

 (xiii)      Section 2.09(d) of the Credit Agreement is hereby amended and restated in its entirety to read as follows: 
“(d) Prepayment Premium on 2015 Term B-2 Loans. At the time of the effectiveness of any Repricing Transaction that is consummated on or prior to the six month anniversary of the Amendment No. 8 Effective Date, the Borrower agrees to pay to the Administrative Agent, for the ratable account of each Lender with outstanding Term Loans which are repaid or prepaid pursuant to such Repricing Transaction (including each Lender that withholds its consent to such Repricing Transaction and is replaced as a Non-Consenting Lender under Section 3.07), a fee in an amount equal to 1.00% of (x) in the case of a Repricing Transaction of the type described in clause (1) of the definition thereof, the aggregate principal amount of all Term Loans prepaid (or converted) in connection with such Repricing Transaction and (y) in the case of a Repricing Transaction described in clause (2) of the definition thereof, the aggregate principal amount of all Term Loans outstanding on such date that are subject to an effective reduction of the Applicable Rate pursuant to such Repricing Transaction.  Such fees shall be due and payable upon the date of the effectiveness of such Repricing Transaction.”

(xiv)     Section 7.10 of the Credit Agreement is hereby amended and restated in its entirety to read as follows: 
“The proceeds of the Term Loans incurred pursuant to Amendment No. 8 shall be for the purposes specified therein, which include the refinancing of the Term Loans existing immediately prior to the Amendment No. 8 Effective Date and the paying of fees and expenses incurred in connection therewith.  Revolving Credit Loans and Letters of Credit issued hereunder shall be for general corporate purposes and working capital of the Borrower and its Subsidiaries and any other purpose not prohibited by this Agreement.”
SECTION 3.    Consent to Other Amendments.  The parties hereto hereby agree that, (x) subject to, and substantially concurrently with, the consummation of the TransUnion IPO and (y) subject to receipt by the Administrative Agent of commitments from certain existing Lenders and/or banks or other Eligible Assignees in respect of the Term A Facility (as defined below) and the New Revolving Credit Facility (as defined below), the Credit 

Agreement and other applicable Loan Documents shall be amended and/or amended and restated to include (a) a new five-year term loan A facility in an aggregate principal amount of up to $350,000,000 (the “Term-A Facility”) to be provided by certain existing Lenders and/or banks or other Eligible Assignees reasonably acceptable to the Borrower and the Administrative Agent (the “Term A Lenders”) and (b) a refinanced five-year revolving credit facility in an aggregate principal amount of up to $210,000,000 (the “New Revolving Credit Facility” and, together with the Term A Facility, the “Pro Rata Facilities”) to be provided by certain existing Lenders and/or banks or other Eligible Assignees reasonably acceptable to the Borrower and the Administrative Agent (the “New Revolving Credit Lenders”) on terms substantially similar to the Revolving Credit Facility in effect on the Amendment No. 8 Effective Date.   It is understood and agreed that the Pro Rata Facilities shall constitute Secured Obligations under the Credit Agreement and shall be Guaranteed by the Guarantors and secured by the Collateral on an equal and ratable basis to the Term B-2 Loans.  The proceeds of any such term loans incurred by the Borrower under the Term A Facility (the “Term A Loans”) shall be used to repay (directly or indirectly through the making of Restricted Payments to Parent) all or a portion of the portion of the Parent Notes that remains outstanding upon consummation of the TransUnion IPO and the application of the proceeds therefrom and to pay fees and expenses incurred in connection with the Pro Rata Facilities Amendment (as defined below), and the proceeds of the New Revolving Credit Facility and Letters of Credit issued thereunder shall be for general corporate purposes and working capital of the Borrower and its Subsidiaries and any other purpose not prohibited by Credit Agreement.
In connection with the foregoing, the Credit Agreement and the other Loan Documents shall be amended (the “Pro Rata Facilities Amendment”) to include the Pro Rata Facilities and to effect amendments to certain provisions related thereto.  Such amendments may, without limitation, (i) permit amortization with respect to the Term A Facility at a rate in excess of the Term B-2 Facility, (ii) include a maturity date with respect to the Term A Facility shorter than the Maturity Date of the Term B-2 Loans, (iii) include a financial maintenance covenant applicable to the Term A Facility and the New Revolving Credit Facility and make related changes to, among other items, the Events of Default and voting provisions (as set forth in clause (vii) below), (iv) amend Section 2.14 of the Credit Agreement (x) to allow for additional tranches of or additions to existing tranches of Term A Loans, provided that the aggregate principal amount of Term A Loans outstanding at any time does not exceed $500,000,000 and (y) to “refresh” the amount available under Section 2.14 of the Credit Agreement such that it is not reduced by the incurrence of the Pro Rata Facilities, (v) amend the voluntary prepayment provisions of the Credit Agreement to be clear that the Borrower may direct prepayments to be applied to Term A Loans and/or Term B-2 Loans in its sole discretion (including on a non-ratable basis as between Classes) (it being understood that mandatory prepayments pursuant to Sections 2.05(b)(i), 2.05(b)(ii) and 2.05(b)(iii) of the Credit Agreement shall be applied on a ratable basis as between Term A Loans and Term B-2 Loans), (vi) amend the definition of “Excess Cash Flow” to be clear that Excess Cash Flow is reduced by amortization payments and mandatory prepayments of Term A Loans pursuant to Section 2.05(b)(ii) of the Credit Agreement, (vii) modify Section 10.01 of the Credit Agreement to allow for Term A Lenders to vote as a separate Class as to certain matters (i.e., changes to the waterfall payments) and together with the New Revolving Credit Lenders as to certain other matters (i.e., the financial maintenance covenant applicable to the Term A Facility and the New Revolving Credit Facility), (viii) permit Restricted Payments to be made from (x) the proceeds of the Term A Facility and (y) up to $100,000,000 of loans under  the New Revolving Credit Facility and any cash on the balance sheet in order to repay a portion of the Parent Notes and (ix) permit one or more Revolving Credit Lenders to become additional L/C Issuers and/or Swing Line Lenders with the consent of the Borrower, the Administrative Agent and L/C Issuer or Swing Line Lender, as applicable, and permit the Borrower and the Administrative Agent to amend the issuance and/or borrowing mechanics related thereto.
Each of the parties hereto hereby (a) agrees that the Credit Agreement and other Loan Documents may be amended pursuant to the Pro Rata Facilities Amendment, with the consent of the Borrower, Holdings, the Guarantors, the New Revolving Credit Lenders and the Term A Lenders, and Section 10.01 of the Credit Agreement notwithstanding, without the consent of any other Lenders, to the extent necessary to (i) reflect the existence and terms of the Pro Rata Facilities incurred pursuant thereto, (ii) make such other changes to the Credit Agreement and the other Loan Documents consistent with the provisions and intent of this Section 3 and (iii) effect such other amendments to the Credit Agreement and the other Loan Documents as may be necessary or appropriate, in the reasonable opinion of the Administrative Agent and the Borrower, to effect the provisions of this Section 3, and (b) authorizes the Administrative Agent and the Collateral Agent to enter into amendments to the Credit Agreement and the other Loan Documents as may be necessary 

or advisable in order to effectuate the Pro Rata Facilities Amendment and such technical amendments as may be necessary or appropriate in the reasonable opinion of the Administrative Agent and the Borrower in connection therewith; provided, however, that, except as provided in the immediately preceding paragraph, no such amendments shall affect any of the voting rights of any such Lenders under Section 10.01 (a) through (g). 

SECTION 4.    Conditions to Effectiveness of Amendment No. 8.  This Amendment No. 8 shall become effective on the date when the following conditions shall have been satisfied (or waived): 

(a)     Holdings, the Borrower, the Guarantors, the Administrative Agent, the 2015 Term B-2 Lenders and the Lenders party hereto (including any Converting Term B-2 Lender) shall have signed a counterpart hereof (whether the same or different counterparts) and shall have delivered (including by way of facsimile or electronic transmission) the same to the Administrative Agent (or its counsel); 

(b)     the Borrower shall have paid, by wire transfer of immediately available funds, (i) all fees and reasonable out-of-pocket expenses (including the reasonable fees and expenses of White & Case LLP) to the extent invoiced at least three days prior to the Amendment No. 8 Effective Date, incurred by the Administrative Agent in connection with the preparation, negotiation and execution of this Amendment No. 8 and required to be paid in connection with this Amendment No. 8 pursuant to Section 10.04 of the Credit Agreement, (ii) any fees as have been separately agreed between the Borrower and DBNY and (iii) to the Administrative Agent for the ratable account of each Term Lender as of the Amendment No. 8 Effective Date (but prior to giving effect thereto) all accrued but unpaid interest on the Existing Term Loans through the Amendment No. 8 Effective Date; 
(c)     the Administrative Agent shall have received a certificate of a Responsible Officer of the Borrower, certifying that the conditions precedent set forth in Section 4.01 of the Credit Agreement shall have been satisfied (or waived) on and as of the Amendment No. 8 Effective Date; 
(d)     the Administrative Agent shall have received (i) a copy of the certificate or articles of incorporation or organization, including all amendments thereto, of each Loan Party, certified, if applicable, as of a recent date by the Secretary of State of the state of such Loan Party’s organization, and a “long form” certificate as to the good standing (where relevant) of each Loan Party as of a recent date, from such Secretary of State or similar Governmental Authority, and (ii) a certificate of the Secretary or Assistant Secretary of each Loan Party dated the Amendment No. 8 Effective Date and certifying (A) that attached thereto is a true and complete copy of the by-laws or operating (or limited liability company) agreement of such Loan Party as in effect on the Amendment No. 8 Effective Date or that the by-laws or operating (or limited liability company) agreement of such Loan Party have not been modified, rescinded or amended since the Amendment No. 7 Effective Date, (B) that attached thereto is a true and complete copy of resolutions duly adopted by the board of directors (or equivalent governing body) of such Loan Party authorizing the execution, delivery and performance of Amendment No. 8 and, if applicable, the Guarantor Consent and Reaffirmation, in each case, to which such Person is a party and, in the case of the Borrower, the borrowings hereunder, and that such resolutions have not been modified, rescinded or amended and are in full force and effect, (C) that the certificate or articles of incorporation or organization of such Loan Party have not been amended since the date of the last amendment thereto shown on the certificate of good standing furnished pursuant to clause (i) above, and (D) as to the incumbency and specimen signature of each officer executing Amendment No. 8 on behalf of such Loan Party and countersigned by another officer as to the incumbency and specimen signature of the Secretary or Assistant Secretary executing the certificate pursuant to clause (ii) above; 
(e)     the Administrative Agent shall have received a certificate, dated the Amendment No. 8 Effective Date and signed by a financial officer of the Borrower, certifying that Holdings and its Subsidiaries and the Borrower and its Subsidiaries, in each case on a consolidated basis after giving effect to the 2015 Term B-2 Loans on the Amendment No. 8 Effective Date, are Solvent as of the Amendment No. 8 Effective Date; 
(f)     the Administrative Agent shall have received a Guarantor Consent and Reaffirmation, substantially in the form attached hereto as Annex A, duly executed and delivered by each Guarantor (the terms of which are hereby incorporated by reference herein); 
(g)     the Administrative Agent shall have received from Simpson Thacher & Bartlett LLP, special 

New York counsel to the Loan Parties, an opinion addressed to the Administrative Agent, the 2015 Term B-2 Lenders and the Lenders and dated the Amendment No. 8 Effective Date, which opinions shall be in form and substance reasonably satisfactory to the Administrative Agent; 

(h)    The Administrative Agent shall have received commitments from Lenders and/or banks and other financial institutions that are Eligible Assignees with respect to the 2015 Term B-2 Loans (together with the 2015 Term B-2  Lenders, the “New Commitment Lenders”), in an aggregate principal amount that, when added to the aggregate outstanding principal amount of Term Loans of Converting Term B-2 Lenders, equals at least the aggregate principal amount of the Existing Term Loans outstanding immediately prior to the Amendment No. 8 Effective Date; and

(i)    The Borrower shall have paid to the Administrative Agent, for the ratable benefit of each 2015 Term B-2 Lender on the Amendment No. 8 Effective Date, an upfront fee (which may be structured as original issue discount as determined by the Agents with respect to the 2015 Term B-2 Loans) in an amount equal to 0.25% of the stated principal amount of each Lender’s 2015 Term B-2 Loans on the Amendment No. 8 Effective Date.

SECTION 5.    Representations and Warranties.  Holdings, the Borrower and each of the other Loan Parties represent and warrant to each of the Lenders, the Administrative Agent and the Collateral Agent as follows as of the date hereof: 
(a)     The execution, delivery and performance by each Loan Party of this Amendment No. 8 are within such Loan Party’s corporate or other powers and have been duly authorized by all necessary corporate or other organizational action.  Neither the execution, delivery nor performance by each Loan Party of this Amendment No. 8 will (i) contravene the terms of such Person’s Organization Documents; (ii) conflict with or result in any breach or contravention of, or the creation of any Lien (other than Permitted Liens) under (x) any Contractual Obligation to which such Person is a party or by which it or any of its properties of such Person or any of its Restricted Subsidiaries is bound or by which it may be subject or (y) any order, injunction, writ or decree of any Governmental Authority or any arbitral award to which such Person or its property is subject; or (iii) violate any applicable material Law, in each case, except to the extent that any such violation, conflict, breach, contravention or payment could not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect. 
(b)     This Amendment No. 8 has been duly executed and delivered by each Loan Party that is a party hereto and constitutes a legal, valid and binding obligation of each Loan Party that is a party hereto, enforceable against such Loan Party in accordance with its terms, except as such enforceability may be limited by Debtor Relief Laws and by general principles of equity.  
(c)     Upon the effectiveness of this Amendment No. 8 and both before and immediately after giving effect to this Amendment No. 8 and the making of the 2015 Term B-2 Loans as contemplated herein and the use of the proceeds thereof, no Default or Event of Default exists. 

(d)     Each of the representations and warranties of Holdings, the Borrower and each other Loan Party contained in Article V of the Credit Agreement or any other Loan Document immediately before and after giving effect to each and all parts of this Amendment No. 8 is true and correct in all material respects on and as of the date hereof; provided that, to the extent that such representations and warranties specifically refer to an earlier date, they are true and correct in all material respects as of such earlier date. 
SECTION 6.   Post-Effectiveness Obligations.  Within ninety (90) days after the Amendment No. 8 Effective Date, unless waived or extended in writing by the Administrative Agent in its reasonable discretion, with respect to the Mortgaged Property, the Borrower shall deliver or shall cause the applicable Loan Party to deliver, to the Administrative Agent, on behalf of the Secured Parties, the following items (provided that, in the event that the Pro Rata Facilities Amendment becomes effective during such ninety (90) day period, such ninety (90) day period will be extended to the date set forth in the Pro Rata Facilities Amendment for delivery of such items): 
(a)     with respect to the existing Mortgage, a date down endorsement to the existing Mortgage Policy which shall be in form and substance customary in the state in which the Property is located, shall be reasonably satisfactory to the Administrative Agent and reasonably assures the Administrative Agent as of the date of such endorsement that 

that the Property (as defined in the existing Mortgage) subject to the Lien of the existing Mortgage is free and clear of all Liens other than Permitted Liens; 
(b)     with respect to the Mortgaged Property, such affidavits, certificates, information and instruments of indemnification as shall be required to induce the title insurance company to issue the date down endorsement to the Mortgage Policy contemplated in subparagraph (i) of this Section 5 and evidence of payment of all applicable title insurance premiums, search and examination charges, mortgage recording taxes, recording fees and related charges required for the issuance of such endorsement to the Mortgage Policy and the recording of the Mortgage Amendment (as defined below); 
(c)     an executed amendment to the existing Mortgage (the “Mortgage Amendment” and the existing Mortgage, as amended by such Mortgage Amendment, if any, a “Mortgage”), in form and substance reasonably acceptable to the Administrative Agent, together with evidence of completion (or satisfactory arrangements for the completion) of all recordings and filings of the Mortgage Amendment as may be necessary to protect and preserve the Lien of the Mortgage; and
(d)     an opinion addressed to the Administrative Agent and the Secured Par-ties, in form and substance reasonably satisfactory to the Administrative Agent, from lo-cal counsel in the jurisdiction in which the Mortgaged Property is located.
SECTION 7.       Reference to and Effect on the Credit Agreement and the Loan Documents. 

(a)     On and after the Amendment No. 8 Effective Date, (i) each reference in the Credit Agreement to “this Agreement,” “hereunder,” “hereof” or words of like import referring to the Credit Agreement shall mean and be a reference to the Credit Agreement, as amended by this Amendment No. 8 and (ii) each 2015 Term B-2 Lender shall constitute a “Lender” as defined in the Credit Agreement. 
(b)     The Credit Agreement and each of the other Loan Documents, as specifically amended by this Amendment No. 8, are and shall continue to be in full force and effect and are hereby in all respects ratified and confirmed.  Without limiting the generality of the foregoing, the Collateral Documents and all of the Collateral described therein do and shall continue to secure the payment of all Obligations of the Loan Parties under the Loan Documents, in each case, as amended by this Amendment No. 8. 
(c)     The execution, delivery and effectiveness of this Amendment No. 8 shall not, except as expressly provided herein, operate as a waiver of any right, power or remedy of any Lender or the Administrative Agent under any of the Loan Documents, nor constitute a waiver of any provision of any of the Loan Documents.  On and after the effectiveness of this Amendment No. 8, this Amendment No. 8 shall for all purposes constitute a Loan Document.  

SECTION 8.  Execution in Counterparts.  This Amendment No. 8 may be executed in one or more counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument.  Delivery by facsimile or electronic transmission of an executed counterpart of a signature page to this Amendment No. 8 shall be effective as delivery of an original executed counterpart of this Amendment No. 8. 

SECTION 9.  Governing Law. This Amendment No. 8 shall be governed by, and construed in accordance with, the law of the State of New York. 
SECTION 10.  FATCA.   For purposes of determining withholding Taxes imposed under FATCA, from and after the Amendment No. 8 Effective Date, the Borrower and the Administrative Agent shall treat (and the Lenders hereby authorize the Administrative Agent to treat) the Credit Agreement (as amended by Amendment No. 8) as not qualifying as a “grandfathered obligation” within the meaning of Treasury Regulation Section 1.1471-2(b)(2)(i).
SECTION 11.  Successors and Assigns.  This Amendment No. 8 shall inure to the benefit of, and shall be binding upon, the respective successors and assigns of the parties hereto. 
[The remainder of this page is intentionally left blank.]

[Transunion Amendment No. 8 - Signature Page]

[Transunion Amendment No. 8 - Signature Page]

IN WITNESS WHEREOF, the parties hereto have caused this Amendment No. 8 to be executed by their respective officers thereunto duly authorized, as of the date first above written.
TRANSUNION INTERMEDIATE HOLDINGS, INC.
By: /s/ Michael J. Forde
Name: Michael J. Forde
Title:    Vice President, Assistant Secretary
TRANS UNION LLC
By: /s/ Michael J. Forde
Name: Michael J. Forde
Title:    Vice President, Assistant Secretary
TRANSUNION INTERACTIVE, INC.
By: /s/ Michael J. Forde
Name: Michael J. Forde
Title:    Vice President, Assistant Secretary
TRANSUNION RENTAL SCREENING SOLUTIONS, INC.
By: /s/ Michael J. Forde
Name: Michael J. Forde
Title:    Vice President, Assistant Secretary
VISIONARY SYSTEMS, INC.

By: /s/ Michael J. Forde
Name: Michael J. Forde
Title:    Vice President, Assistant Secretary
TRANSUNION TELEDATA LLC
By: /s/ Michael J. Forde
Name: Michael J. Forde
Title:    Vice President, Assistant Secretary

TRANSUNION HEALTHCARE LLC
By: /s/ Michael J. Forde
Name: Michael J. Forde
Title:    Vice President, Assistant Secretary
DIVERSIFIED DATA DEVELOPMENT CORPORATION
By: /s/ Michael J. Forde
Name: Michael J. Forde
Title:    Vice President, Assistant Secretary
TRANSUNION FINANCING CORPORATION
By: /s/ Michael J. Forde
Name: Michael J. Forde
Title:    Vice President, Assistant Secretary

FINANCIAL HEALTHCARE SYSTEMS, LLC
By: /s/ Michael J. Forde
Name: Michael J. Forde
Title:    Vice President, Assistant Secretary
E-SCAN DATA SYSTEMS, INC.
By: /s/ Michael J. Forde
Name: Michael J. Forde
Title:    Vice President, Assistant Secretary
TRANSUNION RISK AND ALTERNATIVE DATA SOLUTIONS, INC.
By: /s/ Michael J. Forde
Name: Michael J. Forde
Title:    Vice President, Secretary

DEUTSCHE BANK AG NEW YORK BRANCH, as Administrative Agent, Collateral Agent, Swing Line Lender, L/C Issuer, 2015 Term B-2 Lender and Revolving Credit Lender 
By: /s/ Peter Cucchiara 
Name: Peter Cucchiara
Title:   Vice President
By: /s/ Kirk L. Tashjian
Name: Kirk L. Tashjian

Title:   Director

[Transunion Amendment No. 8 - Signature Page]

[FORM OF LENDER SIGNATURE PAGE; LENDER SIGNATURE PAGES ON FILE WITH THE ADMINISTRATIVE AGENT]
NAME OF INSTITUTION
_________________________________,                 as Revolving Credit Lender 

By:  ______________________________
  Name:
  Title:
[Annex A-1]

[Transunion Amendment No. 8 - Signature Page]

[FORM OF LENDER SIGNATURE PAGE; LENDER SIGNATURE PAGES ON FILE WITH THE ADMINISTRATIVE AGENT]
By its execution of this signature page, the undersigned hereby 
		
	(i)
	requests to convert the full principal amount of its Existing Term Loans into 2015 Term Loans pursuant to, and on the terms and conditions set forth in, this Amendment No. 8; and

 
		
	(ii)
	acknowledges and agrees that its 2015 Term B-2 Commitment may be less than the full principal amount of its Existing Term Loans which it requests to convert hereunder. 

NAME OF INSTITUTION
_________________________________, 
as a 2015 Term B-2 Lender
By:  ______________________________

  Name:
  Title:
For institutions requiring a second signature line:
By:  ______________________________
  Name:
  Title

ANNEX A
GUARANTOR CONSENT AND REAFFIRMATION
June 2, 2015
Reference is made to (a) the Credit Agreement dated as of June 15, 2010, among TRANSUNION INTERMEDIATE HOLDINGS, INC. (f/k/a TRANSUNION CORP.), a Delaware corporation (“Holdings”), TRANS UNION LLC, a Delaware limited liability company (the “Borrower”), the Guarantors party thereto from time to time, DEUTSCHE BANK TRUST COMPANY AMERICAS, as Administrative Agent and Collateral Agent, each lender from time to time party thereto (collectively, the “Lenders” and individually, a “Lender”), as amended and restated pursuant to Amendment No. 1, dated as of February 10, 2011, as further amended pursuant to Amendment No. 2, dated as of February 27, 2012, Amendment No. 3, dated as of April 17, 2012, Amendment No. 4, dated as of February 5, 2013, Amendment No. 5, dated as of November 22, 2013, and Amendment No. 6 dated as of December 16, 2013, as further amended and restated pursuant to Amendment No. 7 dated as of April 9, 2014 and (b) Amendment No. 8 to Credit Agreement dated as of June 2, 2015 (“Amendment No. 8”) among Holdings, the Borrower, DEUTSCHE BANK AG NEW YORK BRANCH, as Administrative Agent, as Collateral Agent, as Swing Line Lender, as L/C Issuer, the Revolving Credit Lenders party thereto and the 2015 Term B-2 Lenders.  Capitalized terms used but not otherwise defined in this Guarantor Consent and Reaffirmation (this “Consent”) are used with the meanings attributed thereto in the Amendment No. 8.
Each Guarantor hereby consents to the execution, delivery and performance of Amendment No. 8, including (a) the refinancing of the Existing Term Loans and the making of the 2015 Term B-2 Loans contemplated thereby and (b) the consent to the Pro Rata Facilities Amendment and agrees that each reference to the Credit Agreement in the Loan Documents shall, on and after the Amendment No. 8 Effective Date, be deemed to be a reference to the Credit Agreement as amended by Amendment No. 8. 
Each Guarantor hereby acknowledges and agrees that, after giving effect to Amendment No. 8, all of its respective Obligations under the Loan Documents to which it is a party, as such Obligations have been amended by Amendment No. 8, are reaffirmed, and remain in full force and effect. 
After giving effect to Amendment No. 8, each Guarantor reaffirms each Lien granted by it to the Administrative Agent for the benefit of the Secured Parties under each of the Loan Documents to which it is a party, which Liens shall continue in full force and effect during the term of the Credit Agreement as amended by Amendment No. 8, and shall continue to secure the Secured Obligations (after giving effect to Amendment No. 8), in each case, on and subject to the terms and conditions set forth in the Credit Agreement, as amended by Amendment No. 8, and the other Loan Documents. 
Nothing in this Consent shall create or otherwise give rise to any right to consent on the part of the Guarantors to the extent not required by the express terms of the Loan Documents. 
This Consent is a Loan Document and shall be governed by, and construed and interpreted in accordance with, the law of the state of New York. 

	
			
	Americas 90574837
	 
	 

[Signature Page to Guarantor Consent and Reaffirmation]

	
			
	Americas 90574837
	 
	 

IN WITNESS WHEREOF, the parties hereto have duly executed this Consent as of the date first set forth above.

TRANSUNION INTERMEDIATE HOLDINGS, INC.
By:______________________________
Name:
Title:
TRANSUNION INTERACTIVE, INC.
By:______________________________
Name:
Title:
TRANSUNION RENTAL SCREENING SOLUTIONS, INC.
By:______________________________
Name:
Title:
VISIONARY SYSTEMS, INC.
By:______________________________
Name:
Title:
TRANSUNION TELEDATA LLC
By:______________________________

Name:
Title:
TRANSUNION HEALTHCARE LLC
By:______________________________
Name:
Title:
DIVERSIFIED DATA DEVELOPMENT CORPORATION
By:______________________________
Name:
Title: 
TRANSUNION FINANCING CORPORATION
By:______________________________
Name:
Title:
FINANCIAL HEALTHCARE SYSTEMS, LLC
By:______________________________
Name:
Title: 
E-SCAN DATA SYSTEMS, INC.
By:______________________________

Name:
Title:

TRANSUNION RISK AND ALTERNATIVE DATA SOLUTIONS, INC.
By:______________________________
Name:
Title:

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00246-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00246-of-00352.parquet"}]]