Document:

Director Compensation Arrangements

 Exhibit 10.32 
 DIRECTOR COMPENSATION ARRANGEMENTS 
 Radiant’s present policy is not to pay any cash compensation to its
directors, other than to the Audit Committee Chairman, who receives a $5,000 annual retainer. Each non-employee director receives an automatic grant of options to purchase 10,000 shares of Radiant’s common stock on the last business day of each
year. Each non-employee director is also reimbursed for travel and other expenses incurred in connection with the performance of his or her duties. 
 In
addition, all new non-employee directors receive a one-time grant of an option to purchase 25,000 shares of Radiant’s common stock at an exercise price equal to the fair market value of such stock on the date of grant, which options vest over a
period of three years. All such options expire, unless previously exercised or terminated, ten years from the date of grant. 
 Radiant’s non-management
directors are also eligible to receive additional stock option grants under Radiant’s Non-Management Directors’ Stock Option Plan, in the discretion of Radiant’s Board of Directors.Amendment No. 5 to the Second Amended and Restated Credit Agreement

 Exhibit 10.53 
 AMENDMENT NO. 5 
 TO SECOND AMENDED AND RESTATED CREDIT AGREEMENT 
 THIS AMENDMENT NO. 5 TO SECOND AMENDED AND RESTATED CREDIT AGREEMENT (this “Amendment”) is dated as of November 22, 2005, and
is by and among FEDERATED INVESTORS, INC., a Pennsylvania corporation (the “Borrower”), the BANKS set forth herein (collectively, the “Banks”), and PNC BANK, NATIONAL ASSOCIATION, as agent for the Banks (the
“Agent”). 
 WHEREAS, the Borrower, the Banks and the Agent are parties to that certain Second Amended and Restated Credit
Agreement dated as of January 22, 2002, as amended by Amendment No. 1 to Second Amended and Restated Credit Agreement dated as of April 8, 2002, Amendment No. 2 to Second Amended and Restated Credit Agreement dated as of
January 20, 2003, Amendment No. 3 to Second Amended and Restated Credit Agreement dated as of January 16, 2004, and Amendment No. 4 to Second Amended and Restated Credit Agreement and Amendment to Guaranty Agreement dated as of
January 14, 2005 (as amended, the “Credit Agreement”); 
 WHEREAS, the Borrower, the Banks and the Agent wish to amend
the Credit Agreement as set forth herein. 
 NOW, THEREFORE, in consideration of the premises and mutual covenants set forth herein, the
parties hereto, intending to be legally bound, agree as follows: 
 1. Definitions. 
 Capitalized terms used herein unless otherwise defined herein shall have the meanings ascribed to them in the Credit Agreement as amended by this
Amendment. 
 2. Amendments of Credit Agreement. 
 (a) The definition of “Revolving Credit Expiration Date” in Section 1.1 of the Credit Agreement is hereby amended and restated as follows: 
 Revolving Credit Expiration Date shall mean November 21, 2006 (which is the date 364 days after the effective date of
Amendment No. 5 to Second Amended and Restated Credit Agreement among the Borrower, the Banks and the Agent) or such later date as determined pursuant to Section 2.13(a). 
 (b) The first paragraph of Section 2.3(a) [Facility Fees] of the Credit Agreement is hereby amended and restated as follows: 
 Accruing from the Closing Date until the Revolving Credit Expiration Date, the Borrower agrees to pay to the Agent for the account of each
Bank, as consideration for such Bank’s Revolving Credit Commitment hereunder, a facility fee (the 

 “Facility Fee”) equal to a percentage per annum (computed on the basis of a year of 365
or 366 days, as the case may be, and actual days elapsed) equal to 0.125% of such Bank’s Revolving Credit Commitment as the same may be constituted from time to time. 
 (c) Section 8.2(g) [Guaranties] of the Credit Agreement is hereby amended and restated in its entirety to read as follows: 
 Guaranties. The Borrower shall not, and shall not permit any of its Subsidiaries to, at any time directly or indirectly, become or
be liable in respect of any Guaranty, or assume, guaranty, become surety for, endorse or otherwise agree, become or remain directly or contingently liable upon or with respect to any obligation or liability of any other Person, except
(i) pursuant to the Guaranty Agreement, (ii) the guarantee by the Companies of obligations of the Subsidiaries of the Borrower (other than any Subsidiary which is not wholly owned) to third parties, which obligations are incurred in the
ordinary course of such Subsidiaries’ business consistent with industry practice and not otherwise forbidden by this Agreement; provided that, except for Limited Investments, in no event shall the Borrower or its Subsidiaries become or
be liable in respect of any Guaranty, or assume, guarantee, become surety for, endorse or otherwise agree, become or remain directly or contingently liable upon or with respect to any obligation or liability of the Special Purpose Subsidiaries,
(iii) the Guaranty dated January 1, 2000 by the Borrower in favor of 40th Associates pursuant to which the Borrower guarantees that certain lease dated October 9, 1998 between InvestLink Technologies, Inc., as lessee, and 40th
Associates, as lessor, of commercial space located at 8 West 40th Street, New York, NY at an annual rent of approximately $225,000 and with a term expiring no later than December 31, 2008, and (iv) the guarantee by the Companies of
Indebtedness of Persons which are not Affiliates of any Company provided that the aggregate amount of Indebtedness that is guaranteed by all of the Companies pursuant to this clause (iv) shall not exceed, at any one time, $5,000,000.

 3. Conditions of Effectiveness of Amendment of Credit Agreement. The effectiveness of this Amendment of the Credit Agreement is
expressly conditioned upon satisfaction of each of the following conditions precedent on the date hereof: 
 (a) Representations and
Warranties; No Defaults. The representations and warranties of the Borrower contained in Article VI of the Credit Agreement shall be true and accurate on the date hereof with the same effect as though such representations and warranties had
been made on and as of such date (except representations and warranties which relate solely to an earlier date or time, which representations and warranties shall be true and correct on and as of the specific dates or times referred to therein), and
the Borrower shall have performed and complied with all covenants and conditions under the Senior Loan Documents and hereof; and no Event of Default or Potential Default under the Credit Agreement or the other Senior Loan Documents shall have
occurred and be continuing or shall exist. 
 (b) Authorization and Incumbency. There shall be delivered to the Agent for the
benefit of each Bank a certificate, dated as of the date hereof, and signed by the Secretary or an Assistant Secretary of the Borrower, certifying as appropriate as to: 
  

	 	(i)	all action taken by the Borrower in connection with this Amendment and the other Senior Loan Documents; and 

	 	(ii)	the names of the officer or officers authorized to sign this Amendment and any other documents executed and delivered in connection herewith and described in this Section 3 and
the true signatures of such officer or officers. 

 (c) Acknowledgment. There shall be delivered to the Agent for the
benefit of each Bank the Confirmation in the form attached hereto as Exhibit 1 hereto executed by each of the Loan Parties (other than the Borrower). 
 (d) Legal Details; Counterparts. All legal details and proceedings in connection with the transactions contemplated by this Amendment shall be in form and substance satisfactory to the Agent. The Agent shall
have received from the Borrower and each of the Banks an executed original of this Amendment. Each of this Amendment and the Confirmation may be executed by the parties hereto or thereto in any number of separate counterparts, each of which when
taken together shall constitute one and the same instrument. 
 4. Fees and Expenses. The Borrower hereby agrees to reimburse the
Agent and the Banks on demand for all legal costs, expenses and disbursements relating to this Amendment which are payable by the Borrower as provided in Sections 10.5 and 11.3 of the Credit Agreement. 
 5. Force and Effect. Except as expressly modified by this Amendment, the Credit Agreement and the other Senior Loan Documents are hereby ratified
and confirmed and shall remain in full force and effect after the date hereof. 
 6. Governing Law. This Amendment shall be deemed to
be a contract under the laws of the Commonwealth of Pennsylvania and for all purposes shall be governed by and construed and enforced in accordance with the internal laws of the Commonwealth of Pennsylvania without regard to its conflict of laws
principles. 
 [SIGNATURE PAGES FOLLOW] 

 SIGNATURE PAGE 1 OF 8 TO AMENDMENT NO. 5 
 TO SECOND AMENDED AND RESTATED CREDIT AGREEMENT 
 IN WITNESS WHEREOF, the
parties hereto, by their officers thereunto duly authorized, have executed this Amendment No. 5 to Second Amended and Restated Credit Agreement as of the date first above written. 
  

			
	FEDERATED INVESTORS, INC.
		
	By:	 	 /s/ Denis McAuley III

	Name:	 	Denis McAuley III
	Title:	 	Vice President

 SIGNATURE PAGE 2 OF 8 TO AMENDMENT NO. 5 
 TO SECOND AMENDED AND RESTATED CREDIT 
  

			
	PNC BANK, NATIONAL ASSOCIATION
	individually and as Agent
		
	By:	 	 /s/ Edward Chidiac

	Name:	 	Edward Chidiac
	Title:	 	Vice President

 SIGNATURE PAGE 3 OF 8 TO AMENDMENT NO. 5 
 TO SECOND AMENDED AND RESTATED CREDIT 
  

			
	BANK OF AMERICA, NATIONAL ASSOCIATION
		
	By:	 	 /s/ D. Lee Moore III

	Name:	 	D. Lee Moore III
	Title:	 	Assistant Vice President

 SIGNATURE PAGE 4 OF 8 TO AMENDMENT NO. 5 
 TO SECOND AMENDED AND RESTATED CREDIT 
  

			
	STATE STREET BANK AND TRUST COMPANY
		
	By:	 	 /s/ John T. Daley

	Name:	 	John T. Daley
	Title:	 	Vice President

 SIGNATURE PAGE 5 OF 8 TO AMENDMENT NO. 5 
 TO SECOND AMENDED AND RESTATED CREDIT 
  

			
	JPMORGAN CHASE BANK
		
	By:	 	 /s/ Jeanne O’Connell Horn

	Name:	 	Jeanne O’Connell Horn
	Title:	 	Vice President

 SIGNATURE PAGE 6 OF 8 TO AMENDMENT NO. 5 
 TO SECOND AMENDED AND RESTATED CREDIT 
  

			
	CITIBANK, N.A.
		
	By:	 	 /s/ Matthew Nicholls

	Name:	 	Matthew Nicholls
	Title:	 	Vice President

 SIGNATURE PAGE 7 OF 8 TO AMENDMENT NO. 5 
 TO SECOND AMENDED AND RESTATED CREDIT 
  

			
	FIFTH THIRD BANK
		
	By:	 	 /s/ James Janovsky

	Name:	 	James Janovsky
	Title:	 	Vice President

 SIGNATURE PAGE 8 OF 8 TO AMENDMENT NO. 5 
 TO SECOND AMENDED AND RESTATED CREDIT 
  

			
	CITIZENS BANK OF PENNSYLVANIA
		
	By:	 	 /s/ Dwayne R. Finney

	Name:	 	Dwayne R. Finney
	Title:	 	Senior Vice President

 Exhibit 1 
 CONFIRMATION 
 Reference is hereby made to that certain Second Amended and Restated Credit
Agreement by and between FEDERATED INVESTORS, INC., the BANKS set forth therein, and PNC BANK, NATIONAL ASSOCIATION, as Agent for the Banks, dated as of January 22, 2002, as amended by Amendment No. 1 to Second Amended and Restated Credit
Agreement dated as of April 8, 2002, Amendment No. 2 to Second Amended and Restated Credit Agreement dated as of January 20, 2003, Amendment No. 3 to Second Amended and Restated Credit Agreement dated as of January 16, 2004
and Amendment No. 4 to Second Amended and Restated Credit Agreement and Amendment to Guaranty Agreement dated as of January 14, 2005 (as amended, the “Credit Agreement”). All terms used herein unless otherwise defined
herein shall have the meanings given to them in the Credit Agreement. 
 On the date hereof, the Borrower, the Banks and the Agent are
entering into that certain Amendment No. 5 to Second Amended and Restated Credit Agreement (the “Amendment”), a copy of which has been provided to the undersigned. This Confirmation is delivered to the Bank pursuant to
Section 3(c) of the Amendment. 
 Pursuant to the Credit Agreement, (i) the Guarantors are party to that certain Continuing
Agreement of Guaranty and Suretyship dated as of January 22, 2002 in favor of the Agent for the benefit of the Banks, as amended by Amendment No. 4 to Second Amended and Restated Credit Agreement and Amendment to Guaranty Agreement dated
as of January 14, 2005 (as amended, the “Guaranty Agreement”) and (ii) the Borrower and its Subsidiaries are party to that certain Intercompany Subordination Agreement dated as of January 22, 2002 in favor of the
Agent for the benefit of the Banks (the “Intercompany Subordination Agreement”). This Confirmation will confirm to the Agent and the Banks that the undersigned Guarantors and Subsidiaries of the Borrower have read and understand the
Amendment which provides for, among other things and subject to certain conditions set forth in the Credit Agreement, the extension of the Revolving Credit Expiration Date. 
 The Guarantors hereby ratify and confirm the Guaranty Agreement. The Subsidiaries of the Borrower hereby ratify and confirm the Intercompany
Subordination Agreement. 
 This Confirmation is dated as of November 22, 2005. 
 [SIGNATURE PAGES FOLLOW] 

 [SIGNATURE PAGE 1 OF 6 OF CONFIRMATION] 
 IN WITNESS WHEREOF, intending to be legally bound hereby, the undersigned, by their duly authorized officers, have executed this Confirmation as of the
date set forth above. 
  

			
	EDGEWOOD SERVICES, INC.
		
	By:	 	 /s/ Denis McAuley III

	Name:	 	Denis McAuley III
	Title:	 	Treasurer
	
	FEDERATED ADMINISTRATIVE SERVICES
		
	By:	 	 /s/ Denis McAuley III

	Name:	 	Denis McAuley III
	Title:	 	Sr. Vice President
	
	FEDERATED ADMINISTRATIVE SERVICES, INC.
		
	By:	 	 /s/ Denis McAuley III

	Name:	 	Denis McAuley III
	Title:	 	Sr. Vice President
	
	FEDERATED INVESTMENT MANAGEMENT COMPANY
		
	By:	 	 /s/ Denis McAuley III

	Name:	 	Denis McAuley III
	Title:	 	Asst. Treasurer

 [SIGNATURE PAGE 2 OF 6 OF CONFIRMATION] 
  

			
	FEDERATED INVESTORS TRUST COMPANY
		
	By:	 	 /s/ Denis McAuley III

	Name:	 	Denis McAuley III
	Title:	 	Asst. Treasurer
	
	SOUTHPOINTE DISTRIBUTION SERVICES, INC.
	(formerly known as Federated Financial Services, Inc.)
		
	By:	 	 /s/ Denis McAuley III

	Name:	 	Denis McAuley III
	Title:	 	Treasurer
	
	FEDERATED GLOBAL INVESTMENT MANAGEMENT CORP.
		
	By:	 	 /s/ Denis McAuley III

	Name:	 	Denis McAuley III
	Title:	 	Asst. Treasurer
	
	FEDERATED INTERNATIONAL MANAGEMENT LIMITED
		
	By:	 	 /s/ J. Christopher Donahue

	Name:	 	J. Christopher Donahue
	Title:	 	Director
	
	FEDERATED INVESTORS, INC
		
	By:	 	 /s/ Denis McAuley III

	Name:	 	Denis McAuley III
	Title:	 	Vice President

 [SIGNATURE PAGE 3 OF 6 OF CONFIRMATION] 
  

			
	FEDERATED INVESTORS MANAGEMENT COMPANY
		
	By:	 	 /s/ Denis McAuley III

	Name:	 	Denis McAuley III
	Title:	 	Sr. Vice President
	
	FEDERATED INVESTMENT COUNSELING
		
	By:	 	 /s/ Denis McAuley III

	Name:	 	Denis McAuley III
	Title:	 	Asst. Treasurer
	
	FEDERATED SECURITIES CORP.
		
	By:	 	 /s/ Denis McAuley III

	Name:	 	Denis McAuley III
	Title:	 	Treasurer
	
	FEDERATED SERVICES COMPANY
		
	By:	 	 /s/ Denis McAuley III

	Name:	 	Denis McAuley III
	Title:	 	Sr. Vice President
	
	FEDERATED SHAREHOLDER SERVICES COMPANY
		
	By:	 	 /s/ Denis McAuley III

	Name:	 	Denis McAuley III
	Title:	 	President

 [SIGNATURE PAGE 4 OF 6 OF CONFIRMATION] 
  

			
	FII HOLDINGS, INC.
		
	By:	 	 /s/ Denis McAuley III

	Name:	 	Denis McAuley III
	Title:	 	Vice President
	
	PASSPORT RESEARCH, LTD.
		
	By:	 	Federated Investment Management Company, its general partner
		
	By:	 	 /s/ Denis McAuley III

	Name:	 	Denis McAuley III
	Title:	 	Asst. Treasurer
	
	FEDERATED INTERNATIONAL HOLDINGS BV
		
	By:	 	 /s/ J. Christopher Donahue

	Name:	 	J. Christopher Donahue
	Title:	 	Director
	
	FEDERATED INTERNATIONAL - EUROPE GMBH
		
	By:	 	 /s/ J. Christopher Donahue

	Name:	 	J. Christopher Donahue
	Title:	 	Director
	
	FEDERATED ASSET MANAGEMENT GMBH
		
	By:	 	 /s/ J. Christopher Donahue

	Name:	 	J. Christopher Donahue
	Title:	 	Authorized By Shareholder Resolution

 [SIGNATURE PAGE 5 OF 6 OF CONFIRMATION] 
  

			
	FEDERATED PRIVATE ASSET MANAGEMENT, INC.
		
	By:	 	 /s/ Denis McAuley III

	Name:	 	Denis McAuley III
	Title:	 	Treasurer
	
	RETIREMENT PLAN SERVICE COMPANY OF AMERICA
		
	By:	 	 /s/ Denis McAuley III

	Name:	 	Denis McAuley III
	Title:	 	Asst. Treasurer
	
	FEDERATED ADVISORY SERVICES COMPANY
		
	By:	 	 /s/ Denis McAuley III

	Name:	 	Denis McAuley III
	Title:	 	Asst. Treasurer
	
	FEDERATED EQUITY MANAGEMENT COMPANY OF PENNSYLVANIA
		
	By:	 	 /s/ Denis McAuley III

	Name:	 	Denis McAuley III
	Title:	 	Asst. Treasurer

 [SIGNATURE PAGE 6 OF 6 OF CONFIRMATION] 
  

			
	PASSPORT RESEARCH II, LTD.
		
	By:	 	Federated Equity Management Company of Pennsylvania, its general partner
		
	By:	 	 /s/ Denis McAuley III

	Name:	 	Denis McAuley III
	Title:	 	Asst. Treasurer
	
	FEDERATED INVESTORS (UK) LTD.
		
	By:	 	 /s/ J. Christopher Donahue

	Name:	 	J. Christopher Donahue
	Title:	 	Director

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