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Exhibit 10.12

EQUIFAX
2005 DIRECTOR DEFERRED COMPENSATION PLAN
(Effective As Of January 1, 2005, Except Where Otherwise Noted)

Effective as of January 1, 2003, Equifax Inc. (the “Company”) established the Equifax Director Deferred Compensation Plan (“Prior Plan”) for the purpose of attracting high quality outside directors and promoting in its directors increased efficiency and further interest in the successful operation and performance of the Company.

Because the laws applicable to nonqualified deferred compensation plans were significantly changed effective January 1, 2005, the Company has decided to adopt a new deferred compensation plan, the Equifax 2005 Director Deferred Compensation Plan (the “Plan”) for deferrals by eligible directors occurring on or after January 1, 2005.  The vested amounts credited to participants as of December 31, 2004 under the Prior Plan (and any earnings on such amounts) will remain credited under the Prior Plan and subject to the terms and conditions of the Prior Plan.

ARTICLE 1

Definitions

1.1Account shall mean the records maintained by the Administrator to determine the Participant’s deferrals under this Plan. Such Account may be reflected as an entry in the Company’s records, or as a separate account under a trust, or as a combination of both. The Administrator may establish such subaccounts as it deems necessary for the proper administration of the Plan.

1.2Administrator shall mean the person or persons appointed by the Board of Directors of the Company (or its designee) to administer the Plan pursuant to Article 10 of the Plan.

1.3Beneficiary shall mean the person(s) or entity designated as such in accordance with Article 9 of the Plan.

1.4Change in Control shall mean any of the following events:

(a)Voting Stock Accumulations.  The accumulation by any Person of Beneficial Ownership of twenty percent (20%) or more of the combined voting power of the Company’s Voting Stock; provided that for purposes of this subparagraph (a), a Change in Control will not be deemed to have occurred if the accumulation of twenty percent (20%) or more of the voting power of the Company’s Voting Stock results from any acquisition of Voting Stock (i) directly from the Company that is approved by the Incumbent Board, (ii ) by the Company, (iii) by any employee benefit plan (or related trust) sponsored or maintained by the Company or any Subsidiary, or (iv) by any Person pursuant to a Business Combination that complies with all of the provisions of clauses (i), (ii) and (iii) of subparagraph (b); or

(b)Business Combinations. Consummation of a Business Combination, unless, immediately following that Business Combination, (i) all or substantially all of the Persons who were the beneficial owners of Voting Stock of the Company immediately prior to that Business Combination beneficially own, directly or indirectly, more than sixty-six and two-thirds percent (66-2/3%) of the then outstanding shares of common stock and the combined voting power of the then outstanding voting securities entitled to vote generally in the election of Directors of the entity resulting from that Business Combination (including, without limitation, an entity that as a result of that transaction owns the Company or all or substantially all of the Company’s assets either directly or through one or more subsidiaries) in substantially the same proportions relative to each other as their ownership, immediately prior to that Business Combination, of the Voting Stock of the Company, (ii) no Person (other than the Company, that entity resulting from that Business Combination, or any employee benefit plan (or related trust) sponsored or maintained by the Company, any Eighty Percent (80%) Subsidiary or that entity resulting from that Business Combination) beneficially owns, directly or indirectly, twenty percent (20%) or more of the then outstanding shares of common stock of the entity resulting from that Business Combination or the combined voting power of the then outstanding voting securities entitled to vote generally in the election of directors of that entity, and (iii) at least a majority of the members of the Board of Directors of the entity resulting from that Business Combination were members of the Incumbent Board at the time of the execution of the initial agreement  or of the action  of  the Board  providing for that Business Combination; or

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(c)Sale of Assets. Consummation of a sale or other disposition of all or substantially all of the assets of the Company; or

(d)Liquidations or Dissolutions. Approval by the shareholders of the Company of a complete liquidation or dissolution of the Company, except pursuant to a Business Combination that complies with all of the provisions of clauses (i), (ii) and (iii) of subparagraph (b).

(e)Definitions. For purposes of this paragraph defining Change in Control, the following definitions shall apply:

(i)Beneficial Ownership shall mean beneficial ownership as that term is used in Rule 13d-3 promulgated under the Exchange Act.

(ii)Business Combination shall mean a reorganization, merger or consolidation of the Company.

(iii)Eighty Percent (80%) Subsidiary shall mean an entity in which the Company directly or indirectly beneficially owns eighty percent (80%) or more of the outstanding Voting Stock.

(iv)Exchange Act shall mean the Securities Exchange Act of 1934, including amendments, or successor statutes of similar intent.

(v)Incumbent Board shall mean a Board of Directors at least a majority of whom consist of individuals who either are (a) members of the Company’s Board of Directors as of December 1, 2007 or (b) members who become members of the Company’s Board of Directors subsequent to December 1, 2007 whose election, or nomination for election by the Company’s shareholders, was approved by a vote of at least two-thirds (2/3) of the directors then comprising the Incumbent Board (either by a specific vote or by approval of the proxy statement of the Company in which that person is named as a nominee for director, without objection to that nomination), but excluding, for that purpose, any individual whose initial assumption of office occurs as a result of an actual or threatened election contest (within the meaning of Rule 14a-11 of the Exchange Act) with respect to the election or removal of directors or other actual or threatened solicitation of proxies or consents by or on behalf of a Person other than the Board of Directors.

(vi)Person shall mean any individual, entity or group (within the meaning of Section 13(d)(3) or 14 (cl) (2) of the Exchange Act).

(vii)Voting Stock shall mean the then outstanding securities of an entity entitled to vote generally in the election of members of that entity’s Board of Directors.

1.5Code shall mean the Internal Revenue Code of 1986, as amended.

1.6Compensation shall mean the retainer and meeting fees payable to the Participant by the Company for the Plan Year before reductions for contributions to or deferrals under any deferred compensation or benefit plans sponsored by the Company.

1.7Company shall mean Equifax Inc., a Georgia corporation, or its successor.

1.8Crediting Rate shall mean the notional gains and losses credited on the Participant’s Account balance pursuant to Article 3 of the Plan.

1.9Eligible Director shall mean a member of the Board of Directors of the Company who is not an employee of the Company or such other independent contractor as may be designated by the Administrator to be eligible to participate in the Plan.

1.10 Financial Hardship shall mean an unexpected need for cash arising from illness, casualty loss, sudden financial reversal, or other such unforeseeable occurrence which is not covered by insurance and which is determined to qualify as a Financial Hardship by the Administrator. Cash needs arising from foreseeable events such as the purchase of a residence or education expenses for children shall not, alone, be considered a Financial Hardship. The Administrator shall make its determination of Financial Hardship in a manner consistent with the requirements of Section 409A.

1.11 Participant shall mean an Eligible Director who has elected to participate and has completed a Participant Election Form pursuant to Article 2 of the Plan.
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1.12 Participant Election Form shall mean the written agreement to make a deferral submitted by the Participant to the Administrator on a timely basis pursuant to Article 2 of the Plan. The Participant Election Form may take the form of an electronic communication followed by appropriate written confirmation according to specifications established by the Administrator.

1.13 Plan Year shall mean the calendar year.

1.14 Prior Plan shall mean the Equifax Director Deferred Compensation Plan, effective as of January 1, 2003 and as it may be amended.

1.15 Retirement shall mean a Participant’s Termination of Service.

1.16 Scheduled Withdrawal shall mean the distribution elected by the Participant pursuant to Article 7 of the Plan.

1.17 Section 409A shall mean Section 409A of the Code, as it may be amended from time to time, and the regulations and rulings thereunder.

1.18 Settlement Date shall mean the date by which a lump sum payment shall be made or the date by which installment payments shall commence. Unless otherwise specified, the Settlement Date shall be the last day of January of the Plan Year following the year in which the event triggering the payout occurs. In the case of death, the event triggering payout shall be deemed to occur upon the date the Administrator is provided with the documentation reasonably necessary to establish the fact of the Participant’s death.

1.19 Termination of Service shall mean the date of the cessation of the Participant’s service as a member of the Board of Directors of the Company for any reason whatsoever, whether voluntary or involuntary, including as a result of the Participant’s death or disability.

1.20 Valuation Date shall mean the date through which earnings are credited and shall be the last day of the month preceding the month in which the payout or other event triggering the Valuation occurs.

ARTICLE 2

Participation

2.1Elective Deferral. For each Plan Year a Participant may elect to defer any whole percentage between five percent (5%) and one hundred percent (100%) of Compensation earned by the Participant during the Plan Year. The foregoing limits shall be interpreted and applied by the Administrator and the Administrator may prior to the commencement of the Plan Year provide for a different method for the determination of allowable deferrals for the Plan Year, further limit the minimum or maximum amount deferred by any Participant or group of Participants, or waive the foregoing limits for any Participant or group of Participants, for any reason.

2.2Participant Election Form. In order to make a deferral, an Eligible Director must submit a Participant Election Form to the Administrator during the enrollment period established by the Administrator prior to the beginning of the Plan Year during which the Compensation is earned. The Administrator may establish a special enrollment period for Eligible Directors hired during a Plan Year to allow deferrals of Compensation earned during the balance of such Plan Year after such enrollment period. The Participant shall be required to submit a new Participant Election Form on a timely basis in order to change the Participant’s deferral election for a subsequent Plan Year. If no Participant Election Form is filed during the prescribed enrollment period, the Participant’s election for the prior Plan Year shall continue in force for the next Plan Year.

2.3Election Irrevocable. The election to defer Compensation shall be irrevocable except as provided in Article 6 in the event of disability or Section 4.4 in the case of a Financial Hardship. If the Participant’s deferrals are discontinued under the Plan, the Participant shall forfeit the right to make deferrals for the balance of the Plan Year in which such election occurs and for the entire next following Plan Year.

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ARTICLE 3

Accounts

3.1Participant Accounts.  Solely for recordkeeping purposes, up to three (3) Accounts (a Retirement Account and two Scheduled Withdrawal Accounts) shall be maintained for each Participant and shall be credited with the Participant’s deferrals directed by the Participant to each Account at the time such amounts would otherwise have been paid to the Participant.  The Participant will designate for each Plan Year which portion of the Participant’s deferrals for such Plan Year shall be credited to the Participant’s Retirement Account and any Scheduled Withdrawal Account the Participant has elected to establish.  Accounts shall be deemed to be credited with notional gains or losses as provided in Section 3.2 from the date the deferral is credited to the Account through the Valuation Date. Amounts credited to a Participant’s Account shall be fully vested at all times.

With respect to Eligible Directors who participated in the Prior Plan prior to January 1, 2005, and who have made deferral elections under the Prior Plan for 2005, 2006, and 2007 with respect to compensation which was earned and became payable on or after January 1, 2005, the Company hereby transfers all rights with respect to such deferral elections to the Plan and the Plan hereby assumes all obligations with respect to such deferral elections.  Such deferral elections shall be maintained and administered in accordance with the Plan, including the payment rules of the Plan. The Administrator may permit changes to such deferral elections and payment elections in accordance with Section 409A.

3.2Crediting Rate. The Crediting Rate on amounts in a Participant’s Account shall be based on the hypothetical investment of such amounts in the Equifax Common Stock Fund. If the Equifax Common Stock Fund reflects a gain, the Participant’s Account shall be increased to reflect such gain. If the Equifax Common Stock Fund sustains a loss, the Participant’s Account shall be reduced to reflect such loss. The Company shall have no obligation to set aside or invest funds in the Equifax Common Stock Fund on behalf of the Participant and, if the Company elects to invest funds in such manner, the Participant shall have no more right to such investments than any other unsecured general creditor. During payout, the Participant’s Account shall continue to be credited at the Crediting Rate through the Valuation Date. Installment payments shall be recalculated annually by dividing the account balance by the number of payments remaining without regard to anticipated earnings or in any other reasonable manner as may be determined from time to time by the Administrator.

3.3Statement of Accounts. The Administrator shall provide each Participant with a statement at least quarterly setting forth the Participant’s Account balance as of the end of each quarter.

ARTICLE 4

Retirement Benefits

4.1Retirement Benefits. In the event of the Participant’s Retirement, the Participant shall be entitled to receive an amount equal to the total balance of the Participant’s Account credited with notional earnings as provided in Article 3 through the Valuation Date. The benefits shall be paid in a single lump sum unless the Participant has elected at the time of deferral (or in accordance with the transition rules of Section 409A) to have the benefit paid in substantially level annual installments over a specified period of not more than fifteen (15) years. Payments shall begin on the Settlement Date following Retirement. A Participant may, not less than twelve (12) months prior to Retirement, elect to change the method of payment of the Participant’s Account at Retirement, provided that (i) only one such change is permitted and after such election change, the election is irrevocable; (ii) the payment date for the Participant’s Account will be deferred for 5 years after Retirement, and (iii) the election shall not become effective for 12 months.  The change of election shall be made through a method established by the Plan Administrator.

4.2Small Benefit Exception. Notwithstanding the provisions of Section 4.1, in the event the amount of the Participant’s Account is less than or equal to fifty thousand dollars ($50,000), the Company shall pay such benefits in a single lump sum payable on the last day of the month in which such benefits first become payable.

4.3Special Rule for Specified Employees. Notwithstanding any other provision of this Plan, if the Participant is or could likely be considered a Specified Employee (as determined by the Administrator or its designee in accordance with  procedures established by the Administrator that are consistent with Section 409A), distributions to such Participant may not be made before the date which is 6 months after the date of the Participant’s Termination of Employment (or, if earlier, the date of death of the Participant), and any distribution that would otherwise be payable before the 6-month anniversary shall be delayed and shall be paid within 30 days following such 6-month anniversary.

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4.4Financial Hardship Distribution.  Upon a finding by the Administrator that the Participant (or, after the Participant’s death, a Beneficiary) has suffered Financial Hardship, the Administrator may authorize a distributions of benefits under the Plan in the amount reasonably necessary to alleviate such Financial Hardship.  Such distribution shall not exceed the dollar amount necessary to satisfy the Financial Hardship plus amounts necessary to pay taxes reasonably anticipated as a result of the distribution, after taking into account the extent to which the Financial Hardship is or may be relieved through reimbursement or compensation by insurance or otherwise or by liquidation of the Participant’s assets (to the extent the liquidation of such assets would not itself cause Financial Hardship). In the event of a distribution from the Plan based on Financial Hardship, a Participant’s deferrals shall cease and the Participant shall not be allowed to make a new deferral election until the enrollment period next following one full calendar year from the date of such distribution.

4.5Consequences of a Change in Control.  Upon the occurrence of a Change in Control, each Participant’s Account shall remain subject to the Plan’s payment provisions and the Participant’s elections as to the time and method of payment (subject to the Company’s rights to amend or to terminate the Plan).

ARTICLE 5

Death Benefits

5.1Survivor Benefit Before Benefits Commence. If the Participant dies prior to commencement of benefits under Article 4, the Company shall pay to the Participant’s Beneficiary a death benefit equal to the total balance on death of the Participant’s Account credited with notional earnings as provided in Article 3 through the Valuation Date. The death benefit shall be paid in the same form elected by the Participant for Retirement benefits under Article 4.1 (except for Financial Hardship) beginning on the Settlement Date following the date the Participant’s death is established by reasonable documentation.

5.2Survivor Benefit After Benefits Commence. If the Participant dies after benefits have commenced under Article 4, the Company shall pay to the Participant’s Beneficiary an amount equal to the remaining benefits payable to the Participant under the Plan over the same period such benefits would have been paid to the Participant (except for Financial Hardship).

5.3Small Benefit Exception. Notwithstanding the foregoing, in the event the sum of all benefits payable to a Beneficiary is less than or equal to fifty thousand dollars ($50,000), the Company shall pay such benefits in a single lump sum payable on the last day of the month in which such benefits first become payable.

ARTICLE 6

Disability Benefits

6.1Disability. In the event of the Participant’s Termination of Service by reason of a physical or mental disability which prevents the Participant from performing the normal duties of a member of the Board of Directors of the Company for a period of at least one hundred eighty (180) consecutive days, deferral elections shall cease and for purposes of the calculation and payment of benefits under the Plan, such disability shall be treated as a Retirement entitling the Participant to receive the benefits provided under Article 4 of the Plan. The determination of disability shall be made by the Administrator in a manner consistent with the requirements of Section 409A.

ARTICLE 7

Scheduled Withdrawal

7.1Election. The Participant may make an election on the Participant Election Form at the time of making a deferral to establish a Scheduled Withdrawal Account. The Participant may elect to receive a Scheduled Withdrawal in any Plan Year on or after the third Plan Year following the enrollment period in which such Scheduled Withdrawal Account is first established and may elect to have the Scheduled Withdrawal distributed in a single lump sum or in annual installments over a period of up to five (5) years. The Participant may elect to make additional deferrals into such Scheduled Withdrawal Account on subsequent Participant Election Forms provided that any subsequent deferrals into such Scheduled Withdrawal Account must be made not later than the end of the Plan Year ending at least 2 years prior to the date the Scheduled Withdrawal is to commence. The Participant may not elect another Scheduled Withdrawal date for such Account until all of the amounts in the original Scheduled Withdrawal Account have been paid out. The Participant may establish up to two (2) separate Scheduled Withdrawal Accounts with different Scheduled Withdrawal dates but shall not establish a third such Account until all of the funds in one of the first two Scheduled Withdrawal Accounts have been paid out.  A Participant may, not less than twelve (12) months prior to the payment dates of any Scheduled Withdrawal Account he has established under this Section 7.1, elect to 
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defer the date on which payment of any Scheduled Withdrawal Account shall commence and/or change the method of payment of such Scheduled Withdrawal Account, provided that, (i) after the initial election under this Section 7.1, a Participant may only make one election change with respect to a particular Sched ul ed Withdrawal Account (after such election change, the election shall become irrevocable); (ii) except as otherwise permitted by Section 409A, the first in-service payment with respect to such changed election must be deferred at least 5 years from the date such payment would otherwise have been made, (iii) except as otherwise permitted by Section 409A, the election shall not become effective for 12 months.

7.2Timing of Scheduled Withdrawal. The Scheduled Withdrawal payment shall be paid by the Company to the Participant no later than the last day of January of the Plan Year elected by the Participant in the Participant Election Form unless preceded by Termination of Service. In the event of Termination of Service prior to the date elected for the Scheduled Withdrawal, the amounts in the Scheduled Withdrawal Accounts shall be paid in the form provided in Article 4 of the Plan. In the event such Termination of Service is as a result of the Participant’s death, the Scheduled Withdrawal shall be paid as provided in Section 5.1 of the Plan.

ARTICLE 8

Amendment and Termination of Plan

8.1Amendment. The Company may at any time or from time to time modify or amend any or all of the provisions of the Plan, or stop future deferrals to the Plan, provided that no such amendment shall reduce a Participant’s Account balance or change existing elections with respect to the time and method of payment of a Participant’s Account.

8.2Termination of Plan. The Company expects to continue this Plan, but does not obligate itself to do so. The Company reserves the right to discontinue and terminate the Plan at any time, in whole or in part, for any reason (including a change, or an impending change, in the tax laws of the United States or any State). Termination of the Plan shall be binding on all Participants, but in no event may such termination reduce the amounts credited at that time to any Participant’s Account. If this Plan is terminated, subject to Section 4.3, amounts credited to Participants’ Accounts shall be paid in a lump sum, provided  that (a) the Company terminates at the same time any other arrangement that is subject to Section 409A and that would be aggregated with the Plan under Section 409A; (b) the Company does not adopt any other arrangement that would be aggregated with the Plan under Section 409A for three years; (c) the payments upon such termination shall not commence until 12 months after the date of termination and all such payments must be completed within 24 months after the date of termination; and (d) such other requirements as may be imposed by Section 409A are satisfied.

ARTICLE 9

Beneficiaries

9.1Beneficiary Designation. The Participant shall have the right, at any time, to designate any person or persons as Beneficiary (both primary and contingent) to whom payment under the Plan shall be made in the event of the Participant’s death. The designation by a married Participant of a primary Beneficiary other than the Participant’s spouse shall require consent of such spouse. The Beneficiary designation shall be effective when it is submitted in writing to and acknowledged by the Administrator during the Participant’s lifetime on a form prescribed by the Administrator. The Beneficiary designation in effect for the Participant under the Prior Plan as of December 1, 2007 shall be deemed the Beneficiary designation under this Plan until a new Beneficiary designation is filed in accordance with the procedures under this Plan.

9.2Revision of Designation. The submission of a new Beneficiary designation shall cancel all prior Beneficiary designations. Any marriage (other than a common law marriage) or finalized divorce of a Participant subsequent to the date of a Beneficiary designation shall revoke such designation, unless in the case of divorce the previous spouse was not designated as a Beneficiary and unless in the case of marriage the Participant’s new spouse has previously been designated as the sole primary Beneficiary.

9.3Successor Beneficiary. If all primary Beneficiaries die prior to complete distribution of the benefits provided in Article 5, the remaining Account balance shall be paid to the contingent Beneficiary elected by the Participant in the form of a lump sum payable no later than the last day of the month following the month in which the last remaining primary Beneficiary’s death is established.
9.4Absence of Valid Designation. If a Participant fails to designate a Beneficiary as provided above, or if the Beneficiary designation is revoked by marriage, divorce, or otherwise without exception of a new designation, or if every person designated as Beneficiary predeceases the Participant or dies prior to complete distribution of the Participant’s benefits, then the 
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Administrator shall direct the distribution of such benefits to the Participant’s spouse, if the Participant was married on the date of death, or, if the Participant was not married on death, to the Participant’s estate.

ARTICLE 10

Administration/Claims Procedures

10.1 Administration. The Plan shall be administered by the Administrator, which shall have the exclusive right and full discretion (i) to interpret the Plan, (ii) to decide any and all matters arising hereunder (including the right to remedy possible ambiguities, inconsistencies, or admissions), (iii) to make, amend and rescind such rules as it deems necessary for the proper administration of the Plan and (iv) to make all other determinations necessary or advisable for the administration of the Plan, including determinations regarding eligibility for benefits payable under the Plan. All interpretations of the Administrator with respect to any matter hereunder shall be final, conclusive and binding on all persons affected thereby. No member of the Administrator shall be liable for any determination, decision, or action made in good faith with respect to the Plan. The Company will indemnify and hold harmless the members of the Administrator from and against any and all liabilities, costs, and expenses incurred by such persons as a result of any act, or omission, in connection with the performance of such persons’ duties, responsibilities, and obligations under the Plan, other than such liabilities, costs, and expenses as may result from the bad faith, willful misconduct, or criminal acts of such persons.

10.2 Claims Procedure. Any Participant, former Participant or Beneficiary may file a written claim with the Administrator setting forth the nature of the benefit claimed, the amount thereof, and the basis for claiming entitlement to such benefit. The Administrator shall determine the validity of the claim and communicate a decision to the claimant promptly. Every claim for benefits which is denied shall be denied by written notice setting forth the specific reason or reasons for the denial, an explanation of the procedure for further reviewing the denial of the claim.

ARTICLE 11

Conditions Related to Benefits

11.1 Nonassignability. The Participant’s Account balance and the benefits provided under the Plan shall not be subject to sale, alienation, assignment, transfer, pledge or hypothecation by the Participant or any Beneficiary and any attempt to sale, alienate, assign, transfer, pledge or hypothecate an Account balance or Plan benefits including, without limitation, any assignment or alienation in connection with a separation, divorce, child support or similar arrangement, shall be null and void and not binding upon the Company or the Plan. The Participant’s Account balance and benefits shall be exempt from the claims of creditors or other claimants of the Participant or Beneficiary and from all orders, decrees, levies, garnishment or executions to the fullest extent allowed by law.

11.2 No Right to Comply Assets. The benefits paid under the Plan shall be paid from the general funds of the Company, and the Participant and any Beneficiary shall be no more than unsecured general creditors of the Company with no special or prior right to any assets of the Company for payment of any obligations hereunder. At its discretion, the Company may establish one or more grantor trusts for the purpose of providing for payment of benefits under the Plan. Such trust or trusts may be irrevocable, but the assets thereof shall be subject to the claims of the Company’s creditors in accordance with the terms of the trusts. Benefits paid to the Participant from any such trust or trusts shall be considered paid by the Company for purposes of meeting the obligations of the Company under the Plan.

11.3 Protective Provisions. The Participant shall cooperate with the Company by furnishing any and all information requested by the Administrator, in order to facilitate the payment of benefits hereunder, taking such physical examinations as the Administrator may deem necessary and taking such other actions as may be requested by the Administrator. If the Participant refuses to so cooperate, the Company shall have no further obligation to the Participant under the Plan. In the event of the Participant’s suicide during the first two (2) years in the Plan, or if the Participant makes any material misstatement of information or non-disclosure of medical history, then no benefits shall be payable to the Participant under the Plan, except that benefits may be payable in a reduced amount in the sole discretion of the Administrator.

11.4 Assumptions and Methodology. To the extent required, the Administrator shall establish the actuarial assumptions and method of calculation used in determining the present or future value of benefits, earnings, payments, fees, expenses or any other amounts required to be calculated under the terms of the Plan. The Administrator shall also establish reasonable procedures regarding the form and timing of installment payments.

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ARTICLE 12

Miscellaneous

12.1 Successors of the Company. The rights and obligations of the Company under the Plan shall inure to the benefit of, and shall be binding upon, the successors and assigns of the Company.

12.2 Continued Service Not Guaranteed. Nothing contained in the Plan nor any action taken hereunder shall be construed as giving any Participant any right to continued service with the Company, nor as a limitation on the right of the Company to terminate the service of any Participant at any time.

12.3 Gender, Singular and Plural. All pronouns and any variations thereof shall be deemed to refer to the masculine, feminine, or neuter, as the identity of the person or persons may require. As the context may require, the singular may be read as the plural and the plural as the singular.

12.4 Captions. The captions of the articles, paragraphs and sections of the Plan are for convenience only and shall not control or affect the meaning or construction of any of its provisions.

12.5 Valid. In the event any provision of the Plan is held invalid, void or unenforceable, the same shall not affect, in any respect whatsoever, the validity of any other provisions of the Plan.

12.6 Waiver of Breach. The waiver by the Company of any breach of any provision of the Plan shall not operate or be construed as a waiver of any subsequent breach by that Participant or any other Participant.

12.7 Notice.  Any notice or filing required or permitted to be given to the Company or the Participant under this Agreement shall be sufficient if in writing and hand-delivered, or sent by registered or certified mail, in the case of the Company, to the principal office of the Company, directed to the attention of the Administrator, and in the case of the Participant, to the last known address of the Participant indicated on the records of the Company. Such notice shall be deemed given as of the date of delivery or, if delivery is made by mail, as of the date shown on the postmark on the receipt for registration or certification. Notices to the Company may be permitted by electronic communication according to specifications established by the Administrator.

12.8 Errors in Benefit Statement or Distributions. In the event an error is made in a benefit statement, such error shall be corrected as soon as is practical following the date such error is discovered. In the event of an error in a distribution, the Participant’s Account shall, as soon as is practical after discovery of such error, be adjusted to reflect such under or over payment and, if possible, the next distribution shall be adjusted upward or downward to correct such prior error. If the remaining balance of a Participant’s Account is insufficient to cover an erroneous overpayment, the Company may, at its discretion, offset other amounts payable to the Participant from the Company (including but not limited to salary, bonuses, expense reimbursements, severance benefits or other compensation or benefit arrangements, to the extent allowed by law) to recoup the amount of such overpayment(s).

12.9 Applicable Law. Any provision of, or legal issue relating to, this Plan shall be governed by the laws of the State of Georgia, without regard to conflict of law provisions.

12.10 Compliance With Section 409A. The Plan is intended to satisfy the requirements of Section 409A and any regulations or guidance that may be adopted thereunder from time to time, including any transition relief available under applicable guidance related to Section 409A. The Plan may be amended or interpreted by the Company as it determines necessary or appropriate in accordance with Section 409A and to avoid a plan failure under Section 409A(l).

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IN WITNESS WHEREOF, the Company has caused this Plan to be executed as of the 26th day of March, 2008.

EQUIFAX INC.

By:  /s/ Coretha M. Rushing             

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AMENDMENT NO. 1 TO
EQUIFAX
2005 DIRECTOR DEFERRED COMPENSATION PLAN

THIS AMENDMENT made as of the 31st day of December, 2008, by EQUIFAX INC. (the “Company”);

WITNESSETH:

WHEREAS, the Company maintains the Equifax 2005 Director Deferred Compensation Plan (the “Plan”); and

WHEREAS, the Company desires to amend the Plan to comply with certain provisions of the final regulations under Section 409A of the Code (“Section 409A”) and for certain other purposes;

NOW, THEREFORE, in consideration of the premises and other good and valuable consideration, the Plan is hereby amended as follows:

1.

Section 1.18 is hereby amended by deleting the second sentence of the present section and substituting the following in lieu thereof:

“Unless otherwise specified, the Settlement Date shall be a date between January 1 and January 31 of the calendar year following the calendar year during which the event triggering the payout occurs (and, if applicable, subsequent annual payments shall be made between January 1 and January 31 of subsequent calendar years).”

2.

Section 3.1 is hereby amended by deleting the first sentence of the present section and substituting the following in lieu thereof:

“Solely for recordkeeping purposes, separate Accounts (a Retirement Account and any Scheduled Withdrawal Accounts) shall be maintained for each Participant and shall be credited with the Participant’s deferrals directed by the Participant to each Account at the time such amounts would otherwise have been paid to the Participant.”

3.

Article 7 is hereby amended by deleting the present Article in its entirety and substituting the following in lieu thereof:

“ARTICLE 7

Scheduled Withdrawal

7.1Election. The Participant may make an election on the Participant Election Form at the time of making a deferral to establish a Scheduled Withdrawal Account. The Participant may elect to receive a Scheduled Withdrawal in any Plan Year on or after the third Plan Year following the enrollment period in which such Scheduled Withdrawal Account is first established and may elect to have the Scheduled Withdrawal distributed in a single lump sum or in annual installments over a period of up to five (5) years. The Participant may elect to make additional deferrals into such Scheduled Withdrawal Account on subsequent Participant Election Forms, provided that any subsequent deferrals into such Scheduled Withdrawal Account must be made not later than the end of the Plan Year ending at least 2 years prior to the date the Scheduled Withdrawal is to commence. The Participant may establish separate Scheduled Withdrawal Accounts with different Scheduled Withdrawal dates, provided that the Administrator in its sole discretion may elect to limit the number of Scheduled Withdrawal Accounts.  A Participant may, not less than twelve (12) months prior to the payment dates of any Scheduled Withdrawal Accounts he has established under this Section 7.1, elect to defer the date on which payment of  any Scheduled Withdrawal Account shall commence and/or change the method of payment of such Scheduled Withdrawal Account, provided that, (i) unless the Administrator otherwise determines, after the initial election under this Section 7.1, a Participant may only make one election change with respect to a particular Scheduled Withdrawal Account (after such election change, the election shall become irrevocable); (ii) except as otherwise permitted by Section 409A, the first in-service payment with respect to such 
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changed election must be deferred at least 5 years from the date such payment would otherwise have been made, (iii) except as otherwise permitted by Section 409A, the election shall not become effective for 12 months.

7.2Timing: of Scheduled Withdrawal. The Scheduled Withdrawal payment shall be paid (or commence to be paid) by the Company to the Participant within 30 days following the end of the month and calendar year the Participant has elected on the Participant Election Form to receive such Scheduled Withdrawal (and if applicable, subsequent annual payments shall be made within 30 days following the end of such month of subsequent calendar years), unless preceded by the Participant’s Termination of Employment. In the event of Termination of Employment prior to the date elected for the Scheduled Withdrawal, the amounts in the Scheduled Withdrawal Accounts shall be paid at the same time and in the form provided in Article 4 of the Plan. In the event such Termination of Employment is as a result of the Participant’s death, the Scheduled Withdrawal shall be paid as provided in Section 5.1 of the Plan.”

4.

This Amendment No. 1 to the Plan shall be effective as of the date hereof, subject to the transition rules of Section 409A.

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IN WITNESS WHEREOF, the Company has executed this Amendment No. 1 as of the date first written above.

EQUIFAX INC.

By:  /s/ Coretha M. Rushing            

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AMENDMENT NO. 2 
TO 
EQUIFAX 2005 DIRECTOR DEFERRED COMPENSATION PLAN

(Effective as of January 1, 2005, Except where Otherwise Noted)

THIS AMENDMENT NO. 2 made as of this 5th day of November, 2020 by Equifax Inc. (the “Company”);

WHEREAS, the Company previously established the Equifax 2005 Director Deferred Compensation Plan (the “Plan”);
WHEREAS, effective as of January 1, 2020, the Company desires to amend the Plan to provide to Participants the right to receive dividend equivalent units as described herein;

WHEREAS, effective as of November 5, 2020, the Company desires to amend the Plan to remove the requirement that designation by a married Participant of a primary Beneficiary other than the Participant’s spouse shall require the consent of such spouse;

NOW, THEREFORE, the Plan is hereby amended, as follows:

1.

Effective as of January 1, 2020, Section 3.2 is amended by deleting the present Section in its entirety and substituting the following in lieu thereof:

3.2 Crediting Rate. The Crediting Rate on amounts in a Participant’s Account shall be based on the hypothetical investment of such amounts in shares of the Company’s common stock (“Equifax Common Stock”) and, in addition, with respect to Compensation deferred under the Plan in accordance with a deferral election which is effective after December 31,2019, if any dividends are paid or other distributions are made on shares of Equifax Common Stock between the date on which the deferred retainer would have been paid absent the deferral and the Settlement Date, a Participant’s account shall be credited with an amount equal to such dividend or distribution and shall be deemed reinvested in additional Equifax Common Stock. The Company shall have no obligation to set aside or invest funds in Equifax Common Stock on behalf of the Participant and, if the Company elects to invest funds in such manner, the Participant shall have no more right to such investments than any other unsecured general creditor. During payout, the Participant’s Account shall continue to be credited at the Crediting Rate through the Valuation Date. Installment payments shall be recalculated annually by dividing the account balance by the number of payments remaining without regard to anticipated earnings or in any other reasonable manner as may be determined from time to time by the Administrator. 

2.

Effective as of November 5, 2020, Section 9.1 is amended by deleting the present Section in its entirety and substituting the following in lieu thereof:

9.1 Beneficiary Designation. Effective as of November 5, 2020, the Participant shall have the right, at any time, to designate any person or persons as Beneficiary (both primary and contingent) to whom payment under the Plan shall be made in the event of the Participant's death. The Beneficiary designation shall be effective when it is submitted in the format prescribed by and acknowledged by the Administrator. The Beneficiary designation in effect for the Participant under the Prior Plan as of December 1, 2007 shall be deemed the Beneficiary designation under this Plan until a new Beneficiary designation is filed in accordance with the procedures under this Plan.

3.

Effective as of November 5, 2020, Section 12 is amended by the addition of Section 12.11 which shall state the following:

12.11 Settlement. Notwithstanding any other provisions of this Plan, all distributions under the Plan shall be made in whole shares of Equifax Common Stock equal to the amount credited to the Participant’s Account (including amounts credited for any dividends paid or other distributions made on Equifax Common Stock for deferral elections which are effective after December 31, 2019) as of the Valuation Date. Fractional shares will be paid in cash or disregarded as determined by the Administrator in its discretion.
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4.

This Amendment No. 2 shall be effective as of November 5, 2020. Except as hereby amended, the Plan shall remain in full force and effect.

IN WITNESS WHEREOF, the Company has executed this Amendment No. 2 as of the date first written above.

EQUIFAX INC.

By: /s/ Carla J. Chaney                
Name: Carla J. Chaney
Title:   Chief Human Resources Officer

14Document

Exhibit 10.13
EQUIFAX GRANTOR TRUST 

THIS TRUST AGREEMENT (“Agreement”) is made by and between Equifax Inc. (“Employer”) and Delaware Charter Guarantee & Trust Company, conducting business as Principal Trust Company (“Trustee”).

WHEREAS, the Employer has adopted the plan or plans designated in Exhibit A hereto (referred to together herein as the “Plan”) to provide benefits for certain employees of the Employer and employees of participating employers that have adopted the Plan; 

WHEREAS, the Employer established the Equifax Grantor Trust pursuant to a Trust Agreement effective as of January 1, 2003 by and between the Employer and Wachovia Bank, N.A., now known as Wells Fargo Bank, N.A. (the “Predecessor Trust”);

WHEREAS, the Employer has incurred or expects to incur liability under the terms of the Plan with respect to individuals participating in the Plan;

WHEREAS, the Employer wishes to contribute to the Trust assets that shall be held therein, subject to the claims of the Employer’s creditors in the event of the Employer’s Insolvency, as herein defined, until paid to the Plan Participants and their beneficiaries in such manner and at such times as specified in the Plan; 

☒  This is an amendment and restatement of the above-named Predecessor Trust.

☐  This is a newly-established trust.

WHEREAS, it is the intention of the parties that the Trust shall constitute an unfunded arrangement and shall not affect the status of the Plan as an unfunded plan maintained for the purpose of providing deferred compensation for a select group of management or highly compensated employees for purposes of Title I of the Employee Retirement Income Security Act of 1974, as amended (“ERISA”); and

WHEREAS, the Employer intends to make contributions to this Trust to provide itself with a source of funds to assist it in the meeting of its liabilities under the Plan; 

NOW, THEREFORE, the parties do hereby establish the Trust and agree that the Trust shall be comprised, held and disposed of as follows:

SECTION 1.  TRUST FUND

1.1Establishment of Trust.  The Employer hereby establishes with the Trustee a trust in which may be deposited such sums of money as shall from time to time be paid or delivered to the Trustee in accordance with the terms of the Plan and which shall become the principal of the Trust to be held, administered and disposed of by the Trustee as provided in this Agreement and in accordance with any investment policy or guidelines established under the Plan and communicated in writing to the Trustee.  All such deposits, all investments and reinvestments thereof and all earnings, appreciation and additions allocable thereto, less losses, depreciation and expenses allocable thereto and any payments made therefrom as authorized under the Plan or this Agreement shall constitute the “Trust”.  The Employer shall direct the transfer of the assets held by the trustee of the Predecessor Trust to this Trust.

1.2Irrevocability of Trust.  The Trust hereby established shall be irrevocable and shall terminate only upon the complete distribution of the assets of the Trust to the Participants or their beneficiaries, subject to Section 10.2.  

1.3Grantor Trust.  The Trust is intended to be a grantor trust of which the Employer is the grantor within the meaning of subpart E, part I, subchapter J, chapter 1, subtitle A of the Internal Revenue Code of 1986, as amended (“Code”) and shall be construed accordingly.

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1.4Non-Diversion of Funds.  The principal of the Trust, and any earnings thereon shall be held separate and apart from other funds of the Employer and except for the payment of fees and other expenses, including administrative expenses of the Plan and the Trust, properly charged to the Trust under this Agreement shall be used exclusively for the use and purposes of Plan Participants and their beneficiaries and general creditors as herein set forth. 

Plan Participants and their beneficiaries shall have no preferred claim on, or any beneficial ownership interest in, any assets of the Trust. Any rights created under the Plan and this Agreement shall be mere unsecured contractual rights of Plan Participants and their beneficiaries against the Employer. Any assets held by the Trust will be subject to the claims of the Employer’s general creditors under federal and state law in the event of Insolvency, as defined in Section 9.1 herein.

1.5Deposits.  The Employer in its sole discretion, may at any time, or from time to time, make additional deposits of cash or other property in trust with the Trustee to augment the principal to be held, administered and disposed of by the Trustee as provided in this Agreement.  Neither the Trustee nor any Plan Participant or beneficiary shall have the right to compel such deposits prior to a Change in Control.  Following a Change in Control, the CIC GPAC shall have the right to compel such deposits.

1.6Contributions Upon a Change in Control. Upon a Change in Control, the Employer shall make a contribution to the Trust (allocated to each applicable subtrust), as soon as possible but in no event later that the fifteenth (15th) day after the occurrence of the Change in Control, equal to the following: 

(a) one hundred and ten percent (110%) of the present value of all vested and unvested accrued benefits payable to Participants or beneficiaries under the Plan; plus 

(b) the present value of all reasonably anticipated fees and expenses (including reasonably anticipated legal expenses) of the Trust for the twenty-four (24) month period immediately following the Change in Control, which shall be presumed to be at least five percent (5%) of the amount in paragraph (a); less
(c) the current fair market value of all the assets held in the Trust immediately before such contribution. 

Within thirty (30) days after the end of each calendar year ending after the date of the Change in Control, the Employer shall irrevocably deposit cash in the Trust in an amount determined by the CIC GPAC (as defined below) equal to the present value of all vested and unvested accrued benefits payable to Participants or beneficiaries under the Plan, plus an amount sufficient to pay the reasonably anticipated fees and expenses of the Trust for another twelve (12) months, less the current fair market value of all the assets held in the Trust immediately before such contribution. Upon request by the CIC GPAC, the Trustee shall provide an estimate of the Trust fees and expenses for the initial 24-month period and for subsequent 12-month periods.
If the Employer fails to deposit the amount required by this Section 1.6 within the required time period, the Employer hereby authorizes the CIC GPAC to commence legal action to compel the Employer to pay such amounts to the Trust.  If the CIC GPAC commences such legal action, the Employer shall be obligated to contribute an additional amount to the Trust (as determined by the CIC GPAC in good faith), reasonably calculated to cover the costs and expenses (including reasonable attorneys’ fees) of such legal action, within ten (10) days of commencement of such action and to replenish such amount every ninety (90) days thereafter at the written direction of the CIC GPAC.  The CIC GPAC shall have a direct claim and lien against the Trust for the payment of its legal fees and expenses related to any litigation or other proceedings pursuant to this Section and the Trustee is hereby authorized to make such payments. 

As set forth in this Agreement, immediately upon a Change in Control, certain duties and responsibilities of the Employer shall be transferred to the CIC GPAC.  The CIC GPAC shall mean those specific persons who constituted the members of the “Group Plans Administrative Committee” (or successor committee to such Committee) of the Employer immediately prior to the Change in Control (such Committee is referred to herein as the “CIC GPAC”).  After a Change in Control, the CIC GPAC shall have the authority and responsibility set forth in this Trust Agreement.  In the event that, following a Change in Control, an individual member or members resigns from the CIC GPAC or is unable to continue to serve due to death or disability, then the remaining member or members shall appoint a successor, who may or may not be a Participant.  If the remaining member or members do not appoint a successor member within 45 days after receiving notice of the resignation or inability to serve of a member, then the entity then serving as Trustee may apply to any court of competent jurisdiction for the appointment of such successor member or for instructions regarding such appointment.  The Trustee will request that the court, in making such appointment, select the Participant or Participants who have the greatest present value of accrued benefits (whether vested or unvested) remaining due under the Plan as of the date of such designation.

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1.7Subtrusts.  Upon a Change in Control, or earlier if the Employer deposits amounts into the Trust with respect to the Plans identified on Exhibit A as Group B Plans, the Trustee shall establish 1) one Subtrust for the Group A Plans identified on Exhibit A, and 2) individual Subtrusts for each of the Group B Plans identified on Exhibit A, and shall separately account for the assets in the Trust that are attributable to the Group B Subtrusts. 

SECTION 2.  TRUSTEE AND COMMITTEE

2.1Committee.  The Employer shall certify to the Trustee the names and specimen signatures of the members of the Committee (“Committee”) appointed by the Employer to administer the Plan and give directions to the Trustee.  Such certification shall include directions as to the number of signatures required for any communication or direction to the Trustee.  The Employer shall promptly give notice to the Trustee of changes in the membership of the Committee.  The Committee may also certify to the Trustee the name of any agent, together with a specimen signature of any such agent who is not a member of the Committee, authorized to act for the Committee in relation to the Trustee.  The Committee shall promptly give notice to the Trustee of any change in any agent authorized to act on behalf of the Committee.  For all purposes under this Agreement, until any such notice is received by the Trustee, the Trustee shall be fully protected in assuming that the membership of the Committee and the authority of any agent authorized to act on its behalf remain unchanged. 

2.2Trustee’s Reliance.  The Trustee may rely and act upon any certificate, notice or direction of the Committee (or if applicable, the CIC GPAC), or of an agent authorized to act on its behalf, or of the Employer which the Trustee believes to be genuine and to have been signed by the person or persons duly authorized to sign such certificate, notice, or direction.

SECTION 3.  INVESTMENT AND ADMINISTRATION

3.1General.  The Trust shall be held by the Trustee and shall be invested and reinvested as hereinafter provided in this Section 3, without distinction between principal and income and without regard to the restrictions of the laws of any jurisdiction relating to the investment of trusts.

3.2Collection of Contributions.  The Trustee shall have no authority over and shall have no responsibility for the administration of the Plan.  The Trustee shall be under no duty to enforce the payment of any contribution to the Trust and shall not be responsible for the adequacy of the Trust to satisfy any obligations for benefits, expenses, and liabilities under the Plan.  In addition to making contributions, the Employer, through the Committee, shall furnish the Trustee with such information and data relative to the Plan as is necessary for the proper administration of the Trust.

3.3Appointment of Investment Manager.

a.The Committee may, in its discretion, appoint an investment manager (“Investment Manager”) to direct the investment and reinvestment of all or any portion of the Trust.  Any such Investment Manager shall either (i) be registered as an investment adviser under the Investment Advisers Act of 1940, as amended (“Investment Advisers Act”); (ii) be a bank, as defined in the Investment Advisers Act; or (iii) be an insurance company qualified to perform investment services under the laws of more than one state.

b.The Committee shall give written notice to the Trustee of the appointment of an Investment Manager pursuant to Section 3.3(a).  Such notice shall include: (i) a specification of the portion of the Trust to which the appointment applies; (ii) a certification by the Committee that the Investment Manager satisfies the requirements of Section 3.3(a)(i), (ii) or (iii); (iii) a copy of the instruments appointing the Investment Manager and evidencing the Investment Manager’s acceptance of the appointment; (iv) directions as to the manner in which the Investment Manager is authorized to give instructions to the Trustee, including the persons authorized to give instructions and the number of signatures required for any written instruction; (v) a specimen signature of the Investment Manager; (vi) an acknowledgment by the Investment Manager that it is a fiduciary of the Trust; and (vii) if applicable, a certificate evidencing the Investment Manager’s current registration under the Investment Advisers Act.  For purposes of this Agreement, the appointment of an Investment Manager pursuant to this Section 3.3 shall become effective as of the effective date specified in such notice, or, if later, as of the date on which the Trustee receives proper notice of such appointment.

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c.The Committee shall give written notice to the Trustee of the resignation or removal of an Investment Manager previously appointed pursuant to this Section 3.3.  If the Trustee has received notice that a Change in Control has occurred, the Trustee may remove any Investment Manager.  From and after the date on which the Trustee removes an Investment Manager or receives notice of the resignation or removal of an Investment manager, or, if later, the effective date of the resignation or removal specified in such notice, the Committee shall be responsible, in accordance with Section 3.4, for the investment and reinvestment of the portion of the Trust previously managed by such Investment Manager, until such time as a successor Investment Manager has been duly appointed pursuant to this Section 3.3.

d.The Trustee may rely and act upon any certificate, notice or direction of the Investment Manager which the Trustee believes to be genuine and to have been signed by the Investment Manager.

3.4Investment Decisions.  

a.The Trustee shall invest and reinvest the Trust in accordance with the directions of the Committee, or, to the extent provided in Section 3.3, in accordance with the directions of an Investment Manager.  The Trustee shall be under no duty or obligation to review any investment to be acquired, held or disposed of pursuant to such directions nor to make any recommendation with respect to the disposition or continued retention of any such investment.  The Trustee shall have no liability or responsibility for its action or inaction pursuant to the direction of, or its failure to act in the absence of directions from, the Committee or an Investment Manager, except to the extent provided in Section 5.1.  The Employer hereby agrees to indemnify the Trustee and hold it harmless from and defend it against any claim or liability which may be asserted against the Trustee by reason of any action or inaction by it pursuant to a direction by the Committee or by an Investment Manager or failing to act in the absence of any such direction.

b.The Committee or an Investment Manager appointed pursuant to Section 3.3 may, at any time and from time to time, issue orders for the purchase or sale of securities directly to a broker; and in order to facilitate such transaction, the Trustee upon request shall execute and deliver appropriate trading authorizations.  Written notification of the issuance of each such order shall be given promptly to the Trustee by the Committee or the Investment Manager, and the execution of each such order shall be confirmed by written advice to the Trustee by the broker.  Such notification shall be authority for the Trustee to pay for securities purchased against receipt thereof and to deliver securities sold against payment therefor, as the case may be.

c.To the extent that neither the Committee nor an Investment Manager furnishes directions as to the investment of the Trust, the Trustee shall invest and reinvest the Trust in any stable-value investment currently available to the Trust.  If no stable-value investment is currently available to the Trust, the Trustee shall invest and reinvest the portion of the Trust subject to this section 3.4(c) in an investment generally recognized as having the lowest investment risk of all investments available to the Trust.

3.5Investment in Short-Term Obligation.  Notwithstanding any provisions of this Section 3 to the contrary, the Trustee or its designee, upon the direction of the Committee, may retain uninvested cash or cash balances,  without being required to pay interest thereon.  Pending investment, and if directed to do so by the Committee, the Trustee may temporarily invest any funds held or received by it for investment in an investment fund established to invest funds held thereunder in commercial paper or in obligations of, or guaranteed by, the United States government or any of its agencies.

3.6Directed Powers of the Trustee

a.Subject to the direction of the Employer, Committee, or Investment Manager or after a Change in Control, the CIC GPAC, the Trustee or its designee is authorized and empowered to perform only those duties and functions expressly set out in this Agreement.  The Trustee will not be under any duty to take any action other than those actions specified in this Agreement unless it expressly agrees in writing to do so.  The Trustee or its designee is authorized and empowered:

i.to invest and reinvest part or all of the Trust in accordance with investment policies which may be established by the Committee from time to time in such assets as the Committee or Investment Manager may direct (including common and preferred stocks of the Employer), bonds, debentures, mutual fund shares, notes, commercial paper, treasury bills, options, partnership interests, venture capital investments, any common, commingled, or pooled investment funds (including such funds for which the Trustee serves as investment manager), contracts and policies issued by an insurance 
4

company (including affiliates of the Trustee), endorsement split dollar insurance, any interest bearing deposits held by any bank or similar financial institution (including affiliates of the Trustee), and any other real or personal property;
ii.in accordance with directions from the Committee, to apply for, pay premiums on and maintain in force on the lives of Plan Participants, individual ordinary or individual or group term or universal life insurance policies, variable universal life insurance policies, survivorship life insurance policies or annuity policies (“policies”) (including any policies issued by an affiliate of the Trustee) and to have with respect to such policies all of the rights, powers, options, privileges and benefits usually comprised in the term “incidents of ownership” and normally vested in an owner of such policies, except the Trustee shall have no power to name a beneficiary of the policy other than the Trust; to assign the policy (as distinct from conversion of the policy to a different form) other than to a successor trustee; or to loan to any person the proceeds of any borrowing against such policy;

iii.to sell, exchange, convey, transfer or dispose of and also to grant options with respect to any property, whether real or personal, at any time held by it, and any sale may be made by private contract or by public auction, and for cash or upon credit, or partly for cash and partly upon credit, and no person dealing with the Trustee shall be bound to see to the application of the purchase money or to inquire into the validity, expediency or propriety of any such sale or other disposition;

iv.to retain, manage, operate, repair and rehabilitate and to mortgage or lease for any period any real estate held by it and, in its discretion, cause to be formed any corporation or trust to hold title to any such real property;

v.to borrow or raise monies for the purposes of the Trust from any lender, except the Trustee, in its individual capacity, and for any sum so borrowed to issue its promissory note as Trustee and to secure the repayment thereof by pledging all or any part of the Trust, and no person lending money to the Trustee shall be bound to see to the application of the money loaned or to inquire into the validity, expediency or propriety of any such borrowing;

vi.to make distributions in cash upon the direction of the Employer through the Committee;

vii.to vote in person or by proxy on any stocks, bonds, or other securities held by it, including any shares of mutual funds held by it, to exercise any options appurtenant to any stocks, bonds or other securities for the conversion thereof into other stocks, bonds or securities, or to exercise any rights to subscribe for additional stocks, bonds or other securities and to make any and all necessary payment therefor and to enter into any voting trust;

viii.with respect to any investment, to join in, dissent from, or oppose any action or inaction of any corporation, or of the directors, officers or stockholders of any corporation, including, without limitation, any reorganization, recapitalization, consolidation, liquidation, sale or merger;

ix.to settle, adjust, compromise, or submit to arbitration any claims, debts or damages due or owing to or from the Trust; 

x.to deposit any property with any protective, reorganization or similar committee, to delegate power thereto and to pay and agree to pay part of its expenses and compensation and any assessments levied with respect to any property so deposited; and

xi.to delegate administrative duties to a designee.

b.In addition to and not by way of limitation of any other powers conferred upon the Trustee by law or other provisions of this Agreement, but subject to Section 1.4 and this Section 3, the Trustee is authorized and empowered, in its discretion:

i.to commence or defend suits or legal proceedings, and to represent the Trust in all suits or legal proceedings in any court or before any other body or tribunal;

ii.to register securities in its name or in the name of any nominee or nominees with or without indication of the capacity in which the securities shall be held, or to hold securities in bearer form;
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iii.to employ such agents, brokers, counsel, accountants, actuaries or other professionals, as the Trustee shall deem advisable and to be reimbursed by the Employer for their reasonable expenses and compensation;

iv.to make, execute, acknowledge, and deliver any and all deeds, leases, assignments and instruments; and

v.generally to do all acts which the Trustee may deem necessary or desirable for the administration and protection of the Trust.

c.Notwithstanding any powers granted to the Trustee pursuant to this Agreement or by applicable law, the Trustee shall not have any power that could give the Trust the objective of carrying on a business and dividing the gains therefrom, within the meaning of Section 301.7701-2 of the Procedure and Administrative Regulations promulgated pursuant to the Code.

3.7Substitution of Assets.  Prior to a Change in Control, the Employer shall have the right at any time, and from time to time, in its sole discretion, to substitute assets of equal fair market value for any asset held by the Trust.  This right is exercisable by the Employer in a nonfiduciary capacity without the approval or consent of any person in a fiduciary capacity.

3.8Trust Income.  During the term of this Trust, all income received by the Trust, net of expenses and taxes, shall be accumulated and reinvested.

3.9Investment Authority Following a Change in Control.  Following a Change in Control, the CIC GPAC shall assume all the investment authority and responsibilities given to the Employer under this Agreement (and the Employer shall no longer have such authority) including, without limitation, the power to establish Separate Accounts and allocate assets among such accounts, establish and change the investment guidelines and policies, and appoint and remove Investment Managers, and Trustee shall act with respect to any such powers and responsibilities as directed by the CIC GPAC.

SECTION 4.  DISTRIBUTIONS FROM TRUST

4.1General.  Prior to a Change in Control, the Employer shall deliver to the Trustee a schedule ("Payment Schedule") that indicates the amounts payable in respect of each Plan Participant (and his or her beneficiaries), that provides a formula or other instructions acceptable to the Trustee for determining the amounts so payable, the form in which such amount is to be paid (as provided for or available under the Plan), and the time of commencement for payment of such amounts. Except as otherwise provided herein, the Trustee shall make payments to the Plan Participants and their beneficiaries in accordance with such Payment Schedule. After a Change in Control, the Trustee shall continue to make distributions from the Trust to such Participants and beneficiaries, in such amounts, at such times and in such manner as directed from time to time by the CIC GPAC; provided, however, that the Trustee shall continue to make distributions in accordance with the most recent Payment Schedules and supplemental information furnished to the Trustee by the Employer prior to the date of the Change in Control unless and until otherwise directed by the CIC GPAC, which directions can be relied upon by the Trustee.

4.2Reporting and Withholding Requirements.  The Employer or Trustee shall provide for the reporting and withholding of any federal, state or local taxes that may be required to be withheld with respect to the payment of benefits pursuant to the terms of the Plan and shall pay amounts withheld to the appropriate taxing authorities.  Upon the occurrence of a distribution pursuant to the Plan, the Committee shall direct the Trustee to send the Employer an amount, as determined by the Employer, sufficient for the Employer to discharge its withholding obligations with respect to the distribution.

4.3Direction by Committee.

a.A direction by the Committee to make a distribution from the Trust shall:
i.be made in writing;

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ii.specify the amount of the payment to be distributed (net of the amount sufficient for the Employer to discharge its withholding obligation), the date such payment is to be made, the person to whom payment is to be made, and the address to which the payment is to be sent; 
iii.specify the amount determined by the Employer to be sufficient for the Employer to discharge its withholding obligation; and

iv.be deemed to certify to the Trustee that such direction and any payment pursuant thereto are authorized under the terms of the Plan.

b.The Trustee shall be entitled to rely conclusively on the Committee’s certification of its authority to direct a payment without independent investigation.  The Trustee shall have no liability to any person with respect to payments made in accordance with the provisions of this Section 4.3.

4.4Benefits Entitlement.  The entitlement of a Plan Participant or his or her beneficiaries to benefits under the Plan shall be determined by the Employer or such party as it shall designate under the Plan, and any claim for such benefits shall be considered and reviewed under the procedures set out in the Plan.

4.5Payments by Employer.  The Employer may make payment of benefits directly to Plan Participants or their beneficiaries as they become due under the terms of the Plan, and if such payments occur prior to a Change in Control, the Employer may obtain reimbursement for such benefit payments from the Trust (or offset contributions to the Trust) within twelve (12) months following the date such payments are made. The Employer shall notify the Trustee of its decision to make payment of benefits directly prior to the time amounts are payable to participants or their beneficiaries. In addition, if the principal of the Trust, and any earnings thereon, are not sufficient to make payments of benefits in accordance with the terms of the Plan, the Employer shall make the balance of each such payment as it falls due. The Trustee shall notify the Employer where principal and earnings are not sufficient.

4.6Payments to Employer.  If the Employer deposits amounts into the Trust prior to the transfer of assets from the Predecessor Trust, such deposited amounts may be refunded to the Employer as quickly as practicable following the Trust’s receipt of the assets from the Predecessor Trust (without regard to the 100% funded test/requirement provided below).  Except as expressly provided in the preceding sentence or in the Plan, the Employer shall have no right or power to direct the Trustee to return to the Employer any of the Trust Fund before all payments of benefits have been made pursuant to the Plan.  Prior to a Change in Control, however, upon written request and certification from the Employer of the amount required to pay benefits provided under the terms of the Plan(s) under the Trust or a Subtrust, as the case may be, if the Trustee determines that the total value of the assets of the Trust Fund or a Subtrust, as the case may be, is in excess of 100% of the amount required to pay the benefits provided under the terms of the Plan(s) under the Trust or a Subtrust, as the case may be, then such excess assets, including both principal and income, shall be returned to the Employer.  Following a Change in Control, the Employer shall have no right or power to direct the Trustee to return to the Employer any of the Trust Fund before all payments of benefits have been made pursuant to the Plan except upon a termination of the Trust in accordance with Section 10.2 below.

SECTION 5.  TRUSTEE’S AND COMMITTEE’S RESPONSIBILITIES

5.1General Standard of Care.  The Trustee, the members of the Committee (and, if applicable the members of the CIC GPAC) and any Investment Manager shall at all times discharge their duties with respect to the Trust solely in the interest of the Plan Participants and their beneficiaries and with the care, skill, prudence, and diligence under the circumstances then prevailing that a prudent man acting in a like capacity and familiar with such matters would use in the conduct of an enterprise of a like character and with like aims, provided, however, that the Trustee shall incur no liability to any person for any action taken pursuant to a direction, request or approval given by the Employer which is contemplated by, and in conformity with, the terms of the Plan or this Trust and is given in writing by the Employer. In the event of a dispute between the Employer and a party, the Trustee may apply to a court of competent jurisdiction to resolve the dispute.

5.2No Liability for Acts of Others.  No fiduciary under this Agreement shall be liable for an act or omission of another person in carrying out any fiduciary responsibility where such fiduciary responsibility is allocated to such other person by this Agreement or pursuant to a procedure established in this Agreement.

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5.3Legal Counsel.   The Trustee may consult with legal counsel (who may be counsel to the Employer) concerning any questions which may arise under this Agreement, and the opinions of such counsel shall be full and complete protection with respect to any action taken, or omitted, by the Trustee hereunder in good faith in accordance with the opinion of such counsel.
5.4Liability Under Plan.   The duties and obligations of the Trustee shall be limited to those expressly set forth in this Agreement, notwithstanding any reference herein to the Plan.  Notwithstanding any other provision of this Trust Agreement, the Trustee and its officers, directors and agents hereunder shall be indemnified and held harmless by the Employer and the Trust to the fullest extent permitted by law against any and all costs, damages, expenses and liabilities including, but not limited to, attorneys’ fees and disbursements reasonably incurred by or imposed upon it in connection with any claim made against it or in which it may be involved by reason of it being, or having been, a Trustee hereunder, unless resulting from the gross negligence or misconduct of the Trustee and only to the extent such amounts are not satisfied by fiduciary liability insurance that may or may not be maintained by the Employer.  If the Employer does not pay such costs, expenses and liabilities within 120 days of written request by the Trustee, the Trustee may obtain payment from the Trust.

SECTION 6.  TRUSTEE’S ACCOUNTS

6.1Accounts.  The Trustee shall keep accurate and detailed accounts of all investments, reinvestments, receipts, disbursements, and all other transactions hereunder, and all such accounts and the books and records relating thereto shall be open to inspection at all reasonable times by the Employer or the Committee or persons designated by them.

6.2Valuation of Trust.  The Trustee or its designee shall value or cause to be valued the Trust as of the last business day of each calendar quarter (“Valuation Date”), and shall report to the Committee the value of the Trust as of such date, within a reasonable time after the first day of the month next following each Valuation Date. 

6.3Reports to Committee.  Within sixty (60) days following the close of each calendar year, and within sixty (60) days following the effective date of the resignation or removal of the Trustee as provided in Section 8.1, the Trustee shall render to the Committee a written account of its administration of the Trust during such year or during the period from the close of the last preceding year to the date of such removal or resignation, setting forth all investments, receipts, disbursements and other transactions effected by it, including a description of all securities and investments purchased and sold with the cost or net proceeds of such purchases or sales (accrued interest paid or receivable being shown separately) and showing all cash, securities and other property held in the Trust as of the date of such removal or resignation, as the case may be.  After a Change in Control, upon request by the CIC GPAC, the Trustee shall also provide copies of the reports regarding the administration of the Trust to the CIC GPAC, and if requested to do so by the CIC GPAC, to the Participants.

6.4Right of Judicial Settlement.  The Trustee, the Committee, and the Employer (and after a Change in Control, the CIC GPAC), or any of them, shall have the right to apply at any time to a court of competent jurisdiction for the judicial settlement of the Trustee’s account.  In any such case, it shall be necessary to join as parties thereto only the Trustee, the Committee and the Employer (and after a Change in Control, the CIC GPAC); and any judgment or decree which may be entered therein shall be conclusive upon all persons having or claiming to have any interest in the Trust or under the Plan.

6.5Enforcement of Agreement.  To protect the Trust from expenses which might otherwise be incurred, the Employer and the Committee (and after a Change in Control, the CIC GPAC) shall have authority, either jointly or severally, to enforce this Agreement on behalf of all persons claiming any interest in the Trust, and no other person may institute or maintain any action or proceeding against the Trustee or the Trust in the absence of written authority from the Employer, the Committee, the CIC GPAC or a judgment of a court of competent jurisdiction that in refusing authority the Committee, the CIC GPAC acted fraudulently or in bad faith.

SECTION 7.  TAXES; COMPENSATION OF TRUSTEE

7.1Taxes.  Any taxes that may be imposed upon the Trust or the income therefrom shall be deducted from and charged against the Trust.

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7.2Compensation of Trustee; Expenses.  The Trustee shall receive for its services hereunder such reasonable compensation as may be agreed upon in writing from time to time by the Employer and the Trustee and shall be reimbursed for its reasonable expenses, including counsel fees, incurred in the performance of its duties hereunder.  The Trustee shall deduct from and charge against the Trust such compensation and all such expenses if not paid by the Employer within sixty (60) days after the Employer’s receipt of the Trustee’s written invoice with detail regarding such compensation and expenses.

SECTION 8.  RESIGNATION AND REMOVAL OF TRUSTEE

8.1Resignation or Removal of Trustee.  The Trustee may resign as trustee hereunder at any time by giving sixty (60) days prior written notice to the Employer (and if a Change in Control has occurred, to the CIC GPAC) unless the Employer and the Trustee agree otherwise.  Prior to a Change in Control, the Employer may remove the Trustee as trustee hereunder at any time by giving the Trustee prior written notice of such removal, which shall include notice of the appointment of a successor trustee.  Such removal shall take effect not earlier than sixty (60) days following receipt of such notice by the Trustee unless otherwise agreed upon by the Trustee and the Employer. On or after a Change in Control, the Trustee may only be removed by the CIC GPAC, which removal shall require sixty (60) days prior written notice.

8.2Appointment of Successor.  In the event of the resignation or removal of the Trustee prior to a Change in Control, a successor trustee shall be appointed by the Employer.  In the event of resignation of the Trustee after a Change in Control, a successor trustee shall be appointed by the CIC GPAC.  Except as is otherwise provided in Section 8.1, such appointment shall take effect upon delivery to the Trustee of an instrument so appointing the successor and an instrument of acceptance executed by such successor.  If within sixty (60) days after notice of resignation has been given by the Trustee, a successor has not been appointed as provided in Section 8.1, the Trustee may apply to any court of competent jurisdiction for the appointment of such successor or for instructions.  All expenses of the Trustee in connection with the preceding shall be allowed as administrative expenses of the Trust.

8.3Succession.

a.Upon the appointment of a successor hereunder, the Trustee shall timely transfer and deliver all assets of the Trust to such successor; provided, however, that the Trustee may reserve such sum of money as it shall in its sole and absolute discretion exercised in good faith deem necessary for payment of its fees and all expenses including counsel fees in connection with the settlement of its account, and any balance of such reserve remaining after the payment of such charges shall be paid over to the successor trustee.  If such reserve shall be insufficient to pay such charges, the Trustee shall be entitled to recover the amount of any deficiency from the Employer, from the Trust, or from both. The former Trustee shall execute any instrument necessary or reasonably requested by the Employer or the successor Trustee to evidence the transfer.

b.Upon the completion of the succession and the rendering of its final accounts, the Trustee shall have no further responsibilities whatsoever under this Agreement.

8.4Successor Bound by Agreement.  All the provisions of this Agreement shall apply to any successor trustee with the same force and effect as if such successor had been originally named herein as the trustee hereunder.

SECTION 9. TRUSTEE RESPONSIBILITY REGARDING PAYMENTS TO TRUST BENEFICIARIES WHEN EMPLOYER IS INSOLVENT

9.1Insolvency.  The Trustee shall cease payment of benefits to Plan Participants and their beneficiaries if the Employer is Insolvent. The Employer shall be considered "Insolvent" for purposes of this Trust Agreement if (i) the Employer is unable to pay its debts as they become due, or (ii) the Employer is subject to a pending proceeding as a debtor under the United States Bankruptcy Code.

9.2General Creditors.  At all times during the continuance of this Trust, the principal and income of the Trust shall be subject to claims of general creditors of the Employer.

a.The Board of Directors and the Chief Executive Officer of the Employer shall have the duty to inform the Trustee in writing of Employer’s Insolvency. If a person claiming to be a creditor of the Employer alleges in 
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writing to the Trustee under penalty of perjury that that Employer has become Insolvent, the Trustee shall take action it deems prudent to determine whether Employer is Insolvent, and, pending such determination, the Trustee shall discontinue payment of benefits to Plan Participants or their beneficiaries.

b.Unless the Trustee has actual knowledge of Employer’s Insolvency, or has received notice from Employer or a person claiming to be a creditor alleging that Employer is Insolvent, the Trustee shall have no duty to inquire whether Employer is Insolvent. The Trustee may in all events rely on the determination of the independent accountant regularly auditing the financial records of Employer as to whether Employer is Insolvent.

c.If at any time the Trustee has made or received a determination that Employer is Insolvent, the Trustee shall discontinue payments to Plan Participants or their beneficiaries and shall hold the assets of the Trust for the benefit of Employer’s general creditors. Nothing in this Trust Agreement shall in any way diminish any rights of Plan Participants or their beneficiaries to pursue their rights as general creditors of the Employer with respect to benefits due under the Plan or otherwise.

d.The Trustee shall resume the payment of benefits to Plan Participants or their beneficiaries in accordance with the terms of this Agreement only after the Trustee has received a determination from the independent accountant regularly auditing the financial records of the Employer that the Employer is not Insolvent (or is no longer Insolvent). 

e.During the continuance of the Trust, the fees and expenses of the Trustee shall be paid from the Trust Fund if not paid by the Employer within thirty (30) days of the Employer’s receipt of a written invoice from the Trustee.

9.3Amount of Payments After Resumption.  Provided that there are sufficient assets, if the Trustee discontinues the payment of benefits from the Trust pursuant to this Section 9 and subsequently resumes such payments, the first payment following such discontinuance shall include the aggregate amount of all payments due to Plan Participants or their beneficiaries under the terms of the Plan for the period of such discontinuance, less the aggregate amount of any payments made to Plan Participants or their beneficiaries by the Employer in lieu of the payments provided for hereunder during any such period of discontinuance.

SECTION 10.  AMENDMENT AND TERMINATION

10.1Amendment.  Prior to a Change in Control, this Trust Agreement may be amended by a written instrument executed by the Trustee and the Employer. After a Change in Control, this Trust Agreement may be amended by a written instrument executed by the Trustee and the Employer only with the prior written consent of the CIC GPAC.  Notwithstanding the foregoing, no such amendment shall conflict with the terms of the Plan or shall make the Trust revocable after it has become irrevocable in accordance with Section 1.2 hereof.

10.2Termination.  The Trust shall not terminate until the date on which Plan Participants and their beneficiaries are no longer entitled to benefits under the terms of the Plan.  Upon termination of the Trust, any remaining assets less any outstanding Trust fees and expenses shall be returned to the Employer. 

Notwithstanding the foregoing, upon written approval of Participants or beneficiaries whose total account balances (vested and unvested) equal at least 75% of all account balances payable pursuant to the terms of the Plan, the Employer may terminate this Trust prior to the time all benefit payments under the Plan have been made, and all assets in the Trust remaining after payments to Participants and beneficiaries at such agreed to termination shall be returned to the Employer. The Employer shall certify to the Trustee that it has obtained such written approvals and upon request provide copies to the Trustee subject to applicable law.  

SECTION 11.  MISCELLANEOUS

11.1 Binding Effect; Assignability.   This Agreement shall be binding upon, and the powers granted to the Employer and the Trustee, respectively, shall be exercisable by the respective successors and assigns of the Employer and the Trustee.  Any entity which shall, by merger, consolidation, purchase, or otherwise, succeed to substantially all the trust 
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business of the Trustee shall, upon such succession and without any appointment or other action by the Employer, be and become successor trustee hereunder.

11.2 Governing Law.  This Agreement and the trust created and the Trust held hereunder shall be interpreted in accordance with the laws of the state of Delaware, except to the extent that such laws are preempted by the federal laws of the United States of America.  All contributions to the Trust shall be deemed to take place in the state of Delaware.

11.3 Notices.  Any communication to the Trustee, including any notice, direction, designation, certification, order, instruction, or objection shall be in writing and signed by the person authorized under the Plan to give the communication.  The Trustee shall be fully protected in acting in accordance with these written communications.  Any notice required or permitted to be given to a party hereunder shall be deemed given if in writing and hand delivered or mailed, postage prepaid, certified mail, return receipt requested, to such party at the following address or at such other address as such party may by notice specify:

						
	If to the Employer:	After a Change in Control, a copy shall be sent to: 
	Equifax Inc.	CIC GPAC
		
	1500 Peachtree Street	Equifax, Inc.
		
	Atlanta, GA 30309	1500 Peachtree Street
		
	Attention: Senior Vice President and Treasurer	Atlanta, GA 30309
		Or such other address provided
		
	If to the Trustee:	
	Principal Trust Company	
	P.O. Box 8963	
	Wilmington, DE 19899-8963	
	Attention: Trust Services	

11.4 Severability.  The invalidity or unenforceability of any provision of this Agreement shall not affect the validity of enforceability of the remaining provisions.

11.5 Waiver.  Failure of any party to insist at any time or times upon strict compliance with any provision of this Agreement shall not be a waiver of such provision at such time or any later time unless in a writing designated as a waiver and signed by or on behalf of the party against whom enforcement of the waiver is sought.

11.6 Non-Alienation.  No interest, right or claim in or to any part of the Trust or any payment therefrom shall be assignable, transferable or subject to sale, mortgage, pledge, hypothecation, commutation, anticipation, garnishment, attachment, execution, or levy of any kind, and the Trustee and the Committee shall not recognize any attempt to assign, transfer, sell, mortgage, pledge, hypothecate, commute, or anticipate the same, except to the extent required by law.

11.7 Definitions.  Unless the context of this Agreement clearly indicates otherwise, or unless defined in Section 12, the terms defined in the Plan shall, when used herein, have the same meaning as in the Plan.  

11.8 Headings.   The headings of sections are included solely for convenience of reference.  If there is any conflict between such headings and the text of the Agreement, the text shall control.

11.9 Construction of Language.  Whenever appropriate in this Agreement, words used in the singular may be read in the plural; words used in the plural may be read in the singular; and words importing the masculine gender shall be 
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deemed equally to refer to the female gender or the neuter.  Any reference to a section number shall refer to a section of this Agreement, unless otherwise indicated.

11.10 Counterparts.  This Agreement may be executed in any number of counterparts, each of which shall be deemed an original and all of which together shall constitute one and the same instrument.

SECTION 12.  DEFINITIONS

12.1 Change in Control shall mean either: 

a.Voting Stock Accumulations. The accumulation by any Person of Beneficial Ownership of twenty percent (20%) or more of the combined voting power of the Employer’s Voting Stock; provided that for purposes of this subparagraph (a), a Change in Control will not be deemed to have occurred if the accumulation of twenty percent (20%) or more of the voting power of the Employer’s Voting Stock results from any acquisition of Voting Stock (i) directly from the Employer that is approved by the Incumbent Board, (ii) by the Employer, (iii) by any employee benefit plan (or related trust) sponsored or maintained by the Employer or any Subsidiary, or (iv) by any Person pursuant to a Business Combination that complies with all of the provisions of clauses (i), (ii) and (iii) of subparagraph (b); or

b.Business Combinations. Consummation of a Business Combination, unless, immediately following that Business Combination, (i) all or substantially all of the Persons who were the beneficial owners of Voting Stock of the Employer immediately prior to that Business Combination beneficially own, directly or indirectly, more than sixty-six and two-thirds percent (66-2/3%) of the then outstanding shares of common stock and the combined voting power of the then outstanding voting securities entitled to vote generally in the election of Directors of the entity resulting from that Business Combination (including, without limitation, an entity that as a result of that transaction owns the Employer or all or substantially all of the Employer’s assets either directly or through one or more subsidiaries) in substantially the same proportions relative to each other as their ownership, immediately prior to that Business Combination, of the Voting Stock of the Employer, (ii) no Person (other than the Employer, that entity resulting from that Business Combination, or any employee benefit plan (or related trust) sponsored or maintained by the Employer, any Eighty Percent (80%) Subsidiary or that entity resulting from that Business Combination) beneficially owns, directly or indirectly, twenty percent (20%) or more of the then outstanding shares of common stock of the entity resulting from that Business Combination or the combined voting power of the then outstanding voting securities entitled to vote generally in the election of directors of that entity, and (iii) at least a majority of the members of the Board of Directors of the entity resulting from that Business Combination were members of the Incumbent Board at the time of the execution of the initial agreement or of the action of the Board providing for that Business Combination; or

c.Sale of Assets.  A sale or other disposition of all or substantially all of the assets of the Employer; or

d.Liquidations or Dissolutions.  Approval by the shareholders of the Employer of a complete liquidation or dissolution of the Employer, except pursuant to a Business Combination that complies with all of the provisions of clauses (i), (ii) and (iii) of subparagraph (b).

e.Definitions. For purposes of this paragraph defining Change in Control, the following definitions shall apply: 

i.Beneficial Ownership shall mean beneficial ownership as that term is used in Rule 13d-3 promulgated under the Exchange Act. 

ii.Business Combination shall mean a reorganization, merger or consolidation of the Employer. 

iii.Eighty Percent (80%) Subsidiary shall mean an entity in which the Employer directly or indirectly beneficially owns eighty percent (80%) or more of the outstanding Voting Stock. 

iv.Exchange Act shall mean the Securities Exchange Act of 1934, including amendments, or successor statutes of similar intent. 
v.Incumbent Board shall mean a Board of Directors at least a majority of whom consist of individuals who either are (a) members of the Employer’s Board of Directors as of the effective date of this 
12

Trust or (b) members who become members of the Employer’s Board of Directors subsequent to the effective date of this Trust whose election, or nomination for election by the Employer’s shareholders, was approved by a vote of at least two-thirds (2/3) of the directors then comprising the Incumbent Board (either by a specific vote or by approval of the proxy statement of the Employer in which that person is named as a nominee for director, without objection to that nomination), but excluding, for that purpose, any individual whose initial assumption of office occurs as a result of an actual or threatened election contest (within the meaning of Rule 14a-11 of the Exchange Act) with respect to the election or removal of directors or other actual or threatened solicitation of proxies or consents by or on behalf of a Person other than the Board of Directors. 

vi.Person shall mean any individual, entity or group (within the meaning of Section 13(d)(3) or 14 (d)(2) of the Exchange Act). 

vii.Voting Stock shall mean the then outstanding securities of an entity entitled to vote generally in the election of members of that entity’s Board of Directors. 

The Board of Directors and the Chief Executive Officer of the Employer shall have the duty to inform the Trustee in writing when there has been a Change in Control.  If a Plan Participant alleges in writing to the Trustee that a Change in Control has occurred, the Trustee shall inquire of the Employer to determine if there has been a Change in Control.  Unless the Trustee has actual knowledge of a Change in Control, or has received notice from the Employer or a Plan Participant alleging that a Change in Control has occurred, the Trustee shall have no duty to inquire whether a Change in Control has occurred.  

12.2 Participant shall mean a participant in the Plan and shall have the meaning given to such term in the Plan. 

12.3 Plan shall mean the plan or plans sponsored by the Employer and funded by the assets of the Trust. Such Plans shall be listed as Exhibit A to the Trust Agreement. Additional plans may be added from time to time by the Employer prior to a Change in Control and with approval of the CIC GPAC after a Change in Control. 

IN WITNESS WHEREOF, the undersigned have executed this Agreement to be effective as of January 23, 2014.

FOR THE EMPLOYER

Employer: EQUIFAX INC.

						
	By: 	/s/ Coretha M. Rushing
	(Signature)
		
	Title:	Chief Human Resources Officer  
		
	Date: 	1/21/14

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ACCEPTANCE OF THE TRUSTEE
The undersigned hereby accepts appointment as Trustee hereunder and agrees to be bound by the terms of this Agreement.

DELAWARE CHARTER GUARANTEE & TRUST COMPANY, a Delaware corporation conducting business under the trade name of Principal Trust Company 

						
	By: 	/s/ Kristen M. Camp
	(Signature)
		
	Title:	Vice President
		
	Date: 	1/23/14

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Exhibit A – Plans Covered by Trust
 

Group A - Financed Plans

Equifax Executive Deferred Compensation Plan
Equifax 2005 Executive Deferred Compensation Plan

Group B - Unfinanced Plans

Equifax Director Deferred Compensation Plan ($0 assets as of January 1, 2014)
Equifax 2005 Director Deferred Compensation Plan ($0 assets as of January 1, 2014)
Equifax Executive and Director Stock Deferral Plan ($0 assets as of January 1, 2014)

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