Document:

Exhibit 10.6

 Exhibit 10.6 
 WARRANTY DEED 
 relating to the sale and purchase of 
 shares in 
 FD International
(Holdings) Limited 
 DATED 11 SEPTEMBER 2006 
 CHARLES WATSON 
 and others 
 and 
 FTI FD LLC 

 CONTENTS 
  

					
	 	  	 	  	Page
	Clause	  	
	 1.
	  	Interpretation	  	1
	 2.
	  	Warranties	  	1
	 3.
	  	Undertakings and Covenants	  	2
	 4.
	  	No Value “Leakage”	  	4
	 5.
	  	Confidentiality	  	4
	 6.
	  	Notices	  	4
	 7.
	  	Assignments	  	5
	 8.
	  	General	  	5
	 9.
	  	Whole Agreement	  	6
	 10.
	  	Governing Law	  	6
		
	Schedule	  	
			
	 1.
	  	The Warrantors	  	8
	 2.
	  	The Company	  	9
	 3.
	  	The Subsidiaries	  	10
	 4.
	  	Warranties	  	20
	 5.
	  	Limits on Claims	  	24
	 6.
	  	Interpretation	  	28
		
	 Signatories
	  	32

 THIS DEED is made on 11 September 2006 
 BETWEEN: 
  

	(1)	THE PERSONS whose names and addresses are set out in Schedule 1 (each a Warrantor and together the Warrantors); and 

  

	(2)	FTI FD LLC (incorporated under the laws of Maryland, USA whose principal office is at 500 East Pratt Street, Suite 1400, Baltimore, Maryland, 21202, USA (the Offeror).

 BACKGROUND: 
  

	(A)	Each Warrantor is the legal and beneficial owner of the shares in FD International (Holdings) Limited (the Company) set opposite that Warrantor’s name in column
(B) of Schedule 1. 

  

	(B)	The Offeror intends to make an offer (the Offer) to acquire all the shares of the Company, on the terms and subject to the conditions to be set out in the formal document
containing the Offer (the Offer Document), which will be issued substantially in the form of the draft Offer Document in the Agreed Form. 

 THIS DEED WITNESSES AND IT IS AGREED as follows: 
  

	1.	INTERPRETATION 

  

	 	1.1	In addition to terms defined elsewhere in this deed, the definitions and other provisions in Schedule 6 apply throughout this deed, unless the contrary intention appears.

  

	 	1.2	In this deed, unless the contrary intention appears, a reference to a clause, subclause or schedule is a reference to a clause, subclause or schedule to this deed. The schedules
form part of this deed. 

  

	 	1.3	The headings in this deed do not affect its interpretation. 

  

	2.	WARRANTIES 

  

	 	2.1	Each Warrantor severally warrants to the Offeror that, so far as he is aware, except as (i) fairly disclosed to the Offeror in the Disclosure Letter or the Vendor Due Diligence
Report or (ii) is apparent on the face of any document contained in the Data Room, each of the statements set out in Schedule 4 is true and accurate. The Warranties are given as at the date of this deed only. 

  

	 	2.2	Each of the Warranties set out in the several paragraphs of Schedule 4 is separate and independent and, except as expressly provided to the contrary in this deed, is not limited by
reference to any other paragraph of that schedule. 

  

	 	2.3	The liability of the Warrantors in connection with the Warranties shall be subject to the limitations contained in, and to the other provisions of, Schedule 5 and any Warranty Claim
shall be subject to the provisions of that schedule. 

  

	 	2.4	The expression “so far as he is aware” in clause 2.1 shall mean the actual knowledge of that Warrantor immediately before the giving of the Warranties, having made
reasonable inquiry of Greg Cooper (Legal Counsel), Tom Leigh (Group Controller), Andrew Lorenz, Anthony Danaher, David Lloyd, Harlan Teller, Mike Bayer, Hollis Rafkin Sax, Gordon McCoun, John Quinn and Paul Keary. 

  

 1 

	3.	UNDERTAKINGS AND COVENANTS 

  

	3.1	Each Warrantor severally and individually undertakes to the Offeror that: 

  

	 	(a)	(subject to any overriding fiduciary duty as a director) he will at all times while the Offer is open for acceptance co-operate with the Offeror and he will use all reasonable
endeavours to ensure that the Offer becomes unconditional in all respects; and 

  

	 	(b)	(subject to any overriding fiduciary duty as a director) he will not make any statement or take any action or procure the taking of any action which he knows would be prejudicial to
the success of the Offer. 

  

	3.2	Unless the Offeror otherwise consents (such consent not to be unreasonably withheld or delayed), each of the Warrantors severally and individually undertakes to ensure that between
the date of this deed and the Settlement Date (as defined in the Offer Document), insofar as it lies within their control and knowledge, each Group Company will not take or carry out any action or step outside the ordinary course of business of that
Group Company, and, in particular (but without limitation), that each Group Company will: 

  

	 	(a)	not create, allot, issue, acquire, repay or redeem any share or loan capital or agree, arrange or undertake to do any of those things (other than pursuant to the exercise of share
options granted prior to the date of this deed) or acquire or agree to acquire, an interest in a corporate body or merge or consolidate with a corporate body or any other person, enter into any demerger transaction or participate in any other type
of corporate reconstruction; 

  

	 	(b)	operate its business in the usual way so as to maintain that business as a going concern; 

  

	 	(c)	not acquire or dispose of, or agree to acquire or dispose of, any material assets, business or undertakings except in the ordinary course of its business or assume or incur, or
agree to assume or incur, a liability, obligation or expense (actual or contingent) which is material to the Group except in the ordinary course of its business; 

  

	 	(d)	not declare, pay or make a dividend or distribution; 

  

	 	(e)	not pass a shareholders’ resolution save in respect of any matters contemplated by the Offer; 

  

	 	(f)	continue, without amendment, each of the current insurance and indemnity policies in respect of which the Company has an interest (including any active historic policies which
provide cover on a losses occurring basis); 

  

	 	(g)	not enter into a long-term, onerous, unusual or material agreement, arrangement or obligation unless in the ordinary course of business; 

  

	 	(h)	not amend to the detriment of the Group Company or terminate a material agreement, arrangement or obligation to which it is a party or terminate any contract or commitment which is
not capable of being terminated without compensation; 

  

 2 

	 	(i)	not amend the terms and conditions of employment or engagement of a director, other officer or employee (except in the ordinary course of its business) or hire an employee with a
base salary of over £100,000; 

  

	 	(j)	not amend, or agree to amend, the terms of its borrowing or indebtedness in the nature of borrowing or create, incur, or agree to create or incur, borrowing or indebtedness in the
nature of borrowing other than in the ordinary course of business; 

  

	 	(k)	not give, or agree to give, a guarantee, indemnity or other agreement to secure, or incur financial or other obligations with respect to, another person’s obligation which in
any case is material to the Group; 

  

	 	(l)	not start litigation or arbitration proceedings except in the ordinary course of business; 

  

	 	(m)	not compromise or settle litigation or arbitration proceedings or any action, demand or dispute or waive a right in relation to litigation or arbitration proceedings except in the
ordinary course of business; 

  

	 	(n)	conduct its business in all material respects in accordance with all applicable legal and administrative requirements in any jurisdiction; 

  

	 	(o)	not enter into an agreement, arrangement or obligation (whether legally enforceable or not) in which a director or former director of a Group Company or a person connected with any
of them is interested. The term “connected” has the meaning given by section 839 of the Income and Corporation Taxes Act 1988 (“Taxes Act”), except that in construing section 839 “control” has the meaning given by
section 840 or section 416 of the Taxes Act so that there is control whenever either section 840 or 416 requires; 

  

	 	(p)	(subject to any overriding fiduciary duty as a director) co operate with the Offeror’s reasonable requests to: 

  

	 	(i)	allow the Offeror and its agents access to the books and records of each Group Company including, without limitation, the statutory books, minute books, leases, licences, contracts,
details of receivables, intellectual property, supplier lists and customer lists in the possession or control of each Group Company; 

  

	 	(ii)	ensure the efficient continuation of management and operations of the Group; and 

  

	 	(iii)	prepare for the introduction of the Offeror’s normal working procedures in readiness for the Settlement Date; 

  

	 	(q)	not enter into any binding commitment in respect of the acquisition of shares in the capital of Beachhead Media and Investor Relations (Proprietary) Limited (Beachhead), a
private company incorporated in the Republic of South Africa, or a part or the whole of any business conducted by Beachhead from time to time. 

  

	3.3	The Warrantors shall ensure that on the Settlement Date a meeting of the board of directors of the Company is held at which the directors appoint persons nominated by the Offeror as
directors, with effect from the end of the meeting; provided that at no time in the period commencing on Completion and ending on the earlier of the Settlement Date and the date on 

  

 3 

 which the Offer lapses or is withdrawn, the Warrantors shall not take any steps or do any act which will
modify, change or amend the composition of the board of the directors of the Company. 
  

	4.	NO VALUE “LEAKAGE” 

 Each Warrantor:

  

	 	(a)	severally and individually warrants to the Offeror in respect of himself only that since the Accounts Date he has not received any monies from any Group Company other than a
Permitted Leakage, and that since the Accounts Date, so far as he is aware, no payments or distributions have been made by any Group Company to any officer, director or employee other than a Permitted Leakage; and 

  

	 	(b)	severally and individually undertakes to the Offeror that, save as otherwise consented to by the Offeror, he will not, in the period between the date of this deed and the Settlement
Date, receive any monies from any Group Company other than a Permitted Leakage and that, insofar as it lies within his control and knowledge, no payments or distributions will be made by any Group Company to any officer, director or employee other
than a Permitted Leakage. 

  

	5.	CONFIDENTIALITY 

  

	5.1	Save for the issue of the Offer Document and the Form of Acceptance, no party shall make or permit any person connected with him to make any announcement concerning this deed or the
Offer before, on or after Completion. 

  

	5.2	Nothing in this clause prevents any announcement being made or any confidential information being disclosed: 

  

	 	(a)	with the written approval of the parties, which shall not be unreasonably withheld or delayed; or 

  

	 	(b)	to the extent required by law or any competent regulatory body, but a party required to disclose any confidential information shall promptly notify the other parties, where
practicable and lawful to do so, before disclosure occurs and co-operate with the other parties regarding the timing and content of such disclosure or any action which the other parties may reasonably elect to take to challenge the validity of such
requirement. 

  

	5.3	Nothing in this clause prevents disclosure of confidential information by any party: 

  

	 	(a)	to the extent that the information is in or comes into the public domain other than as a result of a breach of any undertaking or duty of confidentiality by any person; or

  

	 	(b)	to that party’s professional advisers, auditors or bankers, but before any disclosure to any such person the relevant party shall procure that he is made aware of the terms of
this clause and shall use its best endeavours to procure that such person adheres to those terms as if he were bound by the provisions of this clause. 

  

	6.	NOTICES 

  

	6.1	Any notice or other communication to be given under this deed must be in writing (which does not include an Electronic Communication) and must be delivered or sent by post to

  

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 the party to whom it is to be given at its address appearing in this deed (or to such other address as
that party may from time to time notify the other parties in writing as his or its address for the receipt of notices). Any notice or other document sent by post shall be sent by prepaid first class recorded delivery (if within the United Kingdom)
or by prepaid airmail (if elsewhere). 
  

	6.2	Any notice or other communication shall be deemed to have been given: 

  

	 	(a)	if delivered, at the time of delivery; or 

  

	 	(b)	if posted, at 10.00 a.m. (local time at the place of receipt) on the second Business Day after it was put into the post. 

  

	6.3	In proving service of a notice or other communication, it shall be sufficient to prove that delivery was made or that the envelope containing the communication was properly
addressed and posted either by prepaid first class recorded delivery post or by prepaid airmail, as the case may be. 

  

	7.	ASSIGNMENTS 

 None of the rights or obligations
under this deed may be assigned or transferred without the prior written consent of the Warrantors and the Offeror. The Warrantors shall be deemed to consent to the assignment of the rights and obligations of Offeror to any subsidiary of FTI
Consulting, Inc provided that should any such subsidiary cease to be a subsidiary of FTI Consulting Inc, then that subsidiary will be deemed to have assigned all the rights and obligations back to the Offeror or to another subsidiary of FTI
Consulting, Inc. 
  

	8.	GENERAL 

  

	8.1	Each of the obligations, warranties, covenants and undertakings set out in this deed (excluding any obligation which is fully performed at Completion) shall continue in force after
Completion. 

  

	8.2	Time is not of the essence in relation to any obligation under this deed unless: 

  

	 	(a)	time is expressly stated to be of the essence in relation to that obligation; or 

  

	 	(b)	one party fails to perform an obligation by the time specified in this deed and the other party serves a notice on the defaulting party requiring it to perform the obligation by a
specified time and stating that time is of the essence in relation to that obligation. 

  

	8.3	This deed may be executed in any number of counterparts, all of which taken together shall constitute one and the same agreement and any party may enter into this agreement by it
(or its duly authorised representative) executing a counterpart. 

  

	8.4	The rights of each party under this deed: 

  

	 	(a)	may be exercised as often as necessary; 

  

	 	(b)	are cumulative and not exclusive of rights and remedies provided by law; and 

  

	 	(c)	may be waived only in writing and specifically. 

  

 5 

 Delay in exercising or non-exercise of any such right is not a waiver of that right. 
  

	8.5	Except as expressly stated in this deed, a person who is not a party to this deed may not enforce any of its terms under the Contracts (Rights of Third Parties) Act 1999.

  

	8.6	Each party shall pay the costs and expenses incurred by him or it in connection with the preparation and negotiation and execution of this deed. 

  

	9.	SERVICE AGREEMENT UNDERTAKING 

 The Offeror
separately undertakes to each of the Warrantors that it shall procure the execution of the contracts of employment to be entered into between: 
  

	 	(a)	Financial Dynamics Limited and each of Charles Watson and Sanjay Jawa by Financial Dynamics Limited; and 

  

	 	(b)	FD U.S. Communications, Inc., FTI Consulting, Inc. and Declan Kelly by FTI Consulting, Inc., 

 in the form in which they have been executed by the relevant Warrantors prior to or on the date of this Deed, immediately upon Completion. 
  

	10.	WHOLE AGREEMENT 

  

	10.1	This deed and the documents referred to in it contain the whole agreement between the parties relating to the transactions contemplated by this deed and supersede all previous
agreements (if any) between the parties relating to these transactions. 

  

	10.2	Each party acknowledges that in agreeing to enter into this deed it has not relied on any representation, warranty, collateral contract or other assurance (except those set out in
this deed) made by or on behalf of any other party before the signature of this deed. Each party waives all rights and remedies which, but for this subclause, might otherwise be available to it in respect of any such representation, warranty,
collateral contract or other assurance. 

  

	10.3	The Offeror shall have no claim in tort against the Warrantors as a result of it entering into this deed. The only remedies available to the Offeror in respect of this deed are
damages for breach of contract (save for any breach of Clauses 3 or 4.1(b) in respect of which injunctive relief and other equitable remedies are available) and, for the avoidance of doubt, the Offeror shall not be entitled to withdraw, rescind or
terminate the Offer or any contract for the sale and purchase of the Shares as a result of any breach of this deed. 

  

	10.4	Nothing in the preceding subclause limits or excludes any liability for fraud or fraudulent misrepresentation. 

  

	11.	GOVERNING LAW 

  

	11.1	This deed is governed by and shall be construed in accordance with English law. 

  

	11.2	Each party submits to the jurisdiction of the English courts for all purposes relating to this deed. 

  

	11.3	The parties waive any objection to the English courts on grounds that they are an inconvenient or inappropriate forum to settle any such dispute. 

  

 6 

 IN WITNESS WHEREOF this deed has been executed by the parties (or their duly authorised representatives) on the
date stated at the beginning of this deed. 
  

 7 

 Schedule 1 
 THE WARRANTORS 
  

					
	 (A)
 Name and address of Warrantor
	  	 (B)
 Number of Shares
	  	 (C)
 Maximum liability for all Warranty Claims

	  	  
	 Charles Watson
 30 Vardens Road
 London SW11 1RH
	  	114,800 A Shares
135,000 B Shares	  	£306,000
			
	 Declan Kelly
 Apt 17C, 270 Broadway
 Manhattan, New York
 10007-2306
	  	53,322 A Shares
135,000 B Shares	  	£355,000
			
	 Sanjay Jawa
 68 Netheravon Road
 London W4 2NB
	  	8,241 A Shares
48,000 B Shares	  	£165,000

  

 8 

 Schedule 2 
 THE COMPANY 
  

			
	 Company name:
	 	FD International (Holdings) Limited
		
	 Registered number:
	 	 4502457

		
	 Registered office:
	 	 Holborn Gate, 26 Southampton Buildings, London WC2A 1PB

		
	 Date and place of incorporation:
	 	 2 August 2002
 England and Wales

		
	 Directors:
	 	 Oliver Pawle
 Sanjay Jawa
 Declan Kelly
 Anthony Knox
 John Singer
 Charles Watson

		
	 Secretary:
	 	 Greg Cooper

		
	 VAT number:
	 	 815 0575 42

		
	 Accounting reference date:
	 	 31 December

		
	 Auditors:
	 	 KPMG LLP

		
	 Authorised capital:
	 	£520,405.50 consisting of 2,704,055 A ordinary shares of £0.10 each, 1,500,000 B ordinary shares of £0.10 each and 1,000,000 C ordinary shares of £0.10
each.
		
	 Issued capital:
	 	£442,968.70 consisting of 2,704,055 A ordinary shares of £0.10 each, 1,470,289 B ordinary shares of £0.10 each and 255,343 C ordinary shares of £0.10
each.

  

 9 

 Schedule 3 
 THE SUBSIDIARIES 
  

			
	 Company name:
	 	FD International 2 Limited
		
	 Registered number:
	 	4730632
		
	 Registered office:
	 	Holborn Gate, 26 Southampton Buildings, London WC2A 1PB
		
	 Date and place of incorporation:
	 	 11 April 2003
 England and Wales

		
	 Directors:
	 	 Sanjay Jawa
 John Singer
 Charles Watson

		
	 Secretary:
	 	Greg Cooper
		
	 VAT number:
	 	815 0575 42
		
	 Accounting reference date:
	 	31 December
		
	 Auditors:
	 	KPMG LLP
		
	 Authorised capital:
	 	£314,217.40 consisting of 3,142,174 ordinary shares of £0.10 each.
		
	 Issued capital:
	 	£314,217.40 consisting of 3,142,174 ordinary shares of £0.10 each.
		
	 Company name:
	 	FD International 3 Limited
		
	 Registered number:
	 	4730634
		
	 Registered office:
	 	Holborn Gate, 26 Southampton Buildings, London WC2A 1PB
		
	 Date and place of incorporation:
	 	 11 April 2003
 England and Wales

		
	 Directors:
	 	 Sanjay Jawa
 John Singer
 Charles Watson

		
	 Secretary:
	 	Greg Cooper
		
	 VAT number:
	 	815 0575 42
		
	 Accounting reference date:
	 	31 December

  

 10 

			
	Auditors:	  	KPMG LLP
		
	Authorised capital:	  	£2,157,545.40 consisting of 21,575,454 ordinary shares of £0.10 each.
		
	Issued capital:	  	£2,157,545.40 consisting of 21,575,454 ordinary shares of £0.10 each.

  

			
	Company name:	  	FD International 4 Limited
		
	Registered number:	  	4730629
		
	Registered office:	  	Holborn Gate, 26 Southampton Buildings, London WC2A 1PB
		
	Date and place of incorporation:	  	 11 April 2003
 England and Wales

		
	Directors:	  	 Sanjay Jawa
 John Singer
 Charles Watson

		
	Secretary:	  	Greg Cooper
		
	VAT number:	  	815 0575 42
		
	Accounting reference date:	  	31 December
		
	Auditors:	  	KPMG LLP
		
	Authorised capital:	  	£2,157,645.40 consisting of 21,576,454 ordinary shares of £0.10 each.
		
	Issued capital:	  	£2,157,545.40 consisting of 21,575,454 ordinary shares of £0.10 each.
		
	Company name:	  	FD Russia Limited
		
	Registered number:	  	5402982
		
	Registered office:	  	Holborn Gate, 26 Southampton Buildings, London, WC2A 1PB
		
	Date and place of incorporation:	  	 24 March 2005
 England and Wales

		
	Directors:	  	 Michael Guerin
 Sanjay Jawa
 Charles Watson

		
	Secretary:	  	Greg Cooper

  

 11 

			
	VAT number:	  	Not applicable
		
	Accounting reference date:	  	31 December
		
	Auditors:	  	KPMG LLP
		
	Authorised capital:	  	£100.00 consisting of 100 ordinary shares of £1.00 each.
		
	Issued capital:	  	£1.00 consisting of 1 ordinary share of £1.00.
		
	Company name:	  	Financial Dynamics Ireland Limited
		
	Registered number:	  	304946
		
	Registered office:	  	10 Merrion Square, Dublin 2, Ireland
		
	Date and place of incorporation:	  	 9 April 1999
 Ireland

		
	Directors:	  	 Aisling Garvey
 Padraig Galvin
 Paul McSharry
 Charles Basil Lucas Watson
 Paul Keary
 Niall O’Muilleoir
 Niamh Lyons
 Brendan Murphy
 Declan Kelly

		
	Secretary:	  	Padriag Galvin
		
	VAT number:	  	6324946W
		
	Accounting reference date:	  	31 December
		
	Auditors:	  	M. J. O’Connor & Co
		
	Authorised capital:	  	EUR1,269,738.00 consisting of 1,000,000 ordinary shares of EUR1.2697 each.
		
	Issued capital:	  	EUR26,157.00 consisting of 20,600 ordinary shares of EUR 1.2697 each.
		
	 Company name:
	  	LLM Holdings Limited
		
	 Registered number:
	  	4910285
		
	 Registered office:
	  	Holborn Gate, 26 Southampton Buildings, London WC2A 1PB
		
	 Date and place of incorporation:
	  	 24 September 2003
 England and
Wales

  

 12 

			
	Directors:	 	 Sanjay Jawa
 David Lloyd
 Charles Watson

		
	Secretary:	 	Greg Cooper
		
	VAT number:	 	Not applicable
		
	Accounting reference date:	 	31 December
		
	Auditors:	 	KPMG LLP
		
	Authorised capital:	 	£3,000.00 consisting of 300,000 ordinary shares of £0.01 each.
		
	Issued capital:	 	£2,660.96 consisting of 266,096 ordinary shares of £0.01 each.
		
	Company name:	 	LLM Communications Limited
		
	Registered number:	 	3314777
		
	Registered office:	 	Holborn Gate, 26 Southampton Buildings, London WC2A 1PB
		
	Date and place of incorporation:	 	 7 February 1997
 England and Wales

		
	Directors:	 	 Sanjay Jawa
 Craig Leviton
 David Lloyd
 Ben Lucas
 Jonathan Mendelsohn
 Charles Watson

		
	Secretary:	 	Sanjay Jawa
		
	VAT number:	 	697 1847 75
		
	Accounting reference date:	 	31 December
		
	Auditors:	 	KPMG LLP
		
	Authorised capital:	 	£5,000.00 consisting of 5,000 ordinary shares of £1.00 each.
		
	Issued capital:	 	£5,000.00 consisting of 5,000 ordinary shares of £1.00 each.

  

 13 

			
	Company name:	 	Financial Dynamics Asia Limited
		
	Registered number:	 	979844
		
	Registered office:	 	3rd Floor, Three Pacific Place, Queen’s Road East, Hong
Kong
		
	Date and place of incorporation:	 	 27 June 2005
 Hong Kong

		
	Directors:	 	 Diana Footitt
 Charles Watson
 Sanjay Jawa

		
	Secretary:	 	Baker Tilly Hong Kong Business Services Limited
		
	Business registration number:	 	35784996
		
	Accounting reference date:	 	None as yet
		
	Auditors:	 	None as yet
		
	Authorised capital:	 	HK$10,000 consisting of 10,000 shares of HK$1.00 each.
		
	Issued capital:	 	HK$10,000 consisting of 10,000 shares of HK$1.00 each.
		
	Company name:	 	Financial Dynamics Holdings Limited
		
	Registered number:	 	3345319
		
	Registered office:	 	Holborn Gate, 26 Southampton Buildings, London WC2A 1PB
		
	Date and place of incorporation:	 	 4 April 1997
 England and Wales

		
	Directors:	 	 Sanjay Jawa
 Charles Watson

		
	Secretary:	 	Greg Cooper
		
	VAT number:	 	815 0575 42
		
	Accounting reference date:	 	31 December
		
	Auditors:	 	KPMG LLP
		
	Authorised capital:	 	£5,000,000.00 consisting of 5,000,000 ordinary shares of £1.00 each.
		
	Issued capital:	 	£1,066,667.00 consisting of 1,066,667 ordinary shares of £1.00 each.

  

 14 

			
	Company name:	 	Financial Dynamics Limited
		
	Registered number:	 	1656428
		
	Registered office:	 	Holborn Gate, 26 Southampton Buildings, London WC2A 1PB
		
	Date and place of incorporation:	 	 4 August 1982
 England and Wales

		
	Directors:	 	 Sanjay Jawa
 Charles Watson

		
	Secretary:	 	Greg Cooper
		
	VAT number:	 	815 0575 42
		
	Accounting reference date:	 	31 December
		
	Auditors:	 	KPMG LLP
		
	Authorised capital:	 	£50,000.00 consisting of 3,375,000 ordinary shares of £0.01 each and 1,625,000 Preference shares of £0.01 each.
		
	Issued capital:	 	£50,000.00 consisting of 3,375,000 ordinary shares of £0.01 each and 1,625,000 Preference shares of £0.01 each.
		
	Company name:	 	FD International Limited
		
	Registered number:	 	4048310
		
	Registered office:	 	Holborn Gate, 26 Southampton Buildings, London WC2A 1PB
		
	Date and place of incorporation:	 	 7 August 2000
 England and Wales

		
	Directors:	 	 Sanjay Jawa
 Charles Watson

		
	Secretary:	 	Greg Cooper
		
	VAT number:	 	815 0575 42
		
	Accounting reference date:	 	31 December
		
	Auditors:	 	KPMG LLP
		
	Authorised capital:	 	£3,000,000.00 consisting of 3,000,000 ordinary shares of £1.00 each.
		
	Issued capital:	 	£2,925,001.00 consisting of 2,925,001 ordinary shares of £1.00 each.

  

 15 

			
	Company name:	  	A&B Financial Dynamics GmbH
		
	Registered number:	  	HRB 51241
		
	Registered office:	  	Frankfurt am Main, Wiesenh

ttenstrasse 11, Frankfurt, Hessen 60329,Germany
		
	Date and place of incorporation:	  	 7 December 2000
 Germany

		
	Directors:	  	 Dirk Thorsten Schmitt
 Dr. Lutz Golsch
 Ivo Patrick Christoph Lingnau
 Markus Wilhelm
Breidenstein

		
	Secretary:	  	Not applicable
		
	Fiscal/tax code:	  	DE220314371
		
	Accounting reference date:	  	31 December
		
	Auditors:	  	Not applicable
		
	Authorised capital:	  	EUR25,000.00 consisting of 25,000 shares of EUR1.00 each.
		
	Issued capital:	  	EUR25,000.00 consisting of 2 shares of EUR12,500.00 each (1 share of EUR12,500.00 held by Financial Dynamics Limited and 1 share of EUR12,500.00 held by Ahrens & Behrent Agentur für
Kommunikation GmbH).
		
	Company name:	  	85Four (Holdings) Limited
		
	Registered number:	  	3560931
		
	Registered office:	  	Holborn Gate, 26 Southampton Buildings, London WC2A 1PB
		
	Date and place of incorporation:	  	 8 May 1998
 England and Wales

		
	Directors:	  	 Sanjay Jawa
 Adrianne LeMan
 Charles Watson

		
	Secretary:	  	Sanjay Jawa
		
	VAT number:	  	718 6571 10
		
	Accounting reference date:	  	31 December

  

 16 

			
	Auditors:	  	KPMG LLP
		
	Authorised capital:	  	£10,000,000.00 consisting of 10,000,000 ordinary shares of £1.00 each.
		
	Issued capital:	  	£1,001.00 consisting of 1,001 ordinary shares of £1.00 each.
		
	Company name:	  	85Four Limited
		
	Registered number:	  	2693509
		
	Registered office:	  	Holborn Gate, 26 Southampton Buildings, London WC2A 1PB
		
	Date and place of incorporation:	  	 4 March 1992
 England and Wales

		
	Directors:	  	 Stuart Anderson
 Kevin Bruce
 Sanjay Jawa
 Adrianne LeMan
 Charles Watson

		
	Secretary:	  	Sanjay Jawa
		
	VAT number:	  	718 6571 10
		
	Accounting reference date:	  	31 December
		
	Auditors:	  	KPMG LLP
		
	Authorised capital:	  	£100,000.00 consisting of 1,000,000 ordinary shares of £0.10 each.
		
	Issued capital:	  	£850.10 consisting of 8,501 ordinary shares of £0.10 each.
		
	Company name:	  	FD MWA Holdings, Inc.
		
	Registered number:	  	3658766
		
	Registered office:	  	c/o PHS Corporate Services, Inc, 1313 N. Market Street, Suite 5100, Wilmington, Delaware 19801, USA
		
	Date and place of incorporation:	  	 15 May 2003
 USA (Delaware)

		
	Directors:	  	 Declan Kelly
 John T. Quinn

		
	Registered agent:	  	PHS Corporate Services, Inc
		
	Tax identification number:	  	05-0579952

  

 17 

			
	Authorised capital:	 	US$42,320.00 consisting of 4,232,000 common stock shares of US$0.01 each.
		
	Issued capital:	 	US$42,320.00 consisting of 4,232,000 common stock shares of US$0.01 each.
		
	Company name:	 	FD U.S. Communications, Inc.
		
	Registered number:	 	Not applicable
		
	Registered office:	 	88 Pine Street, 32nd Floor, New York, NY 10005,
USA
		
	Date and place of incorporation:	 	 10 August 1982
 USA (State of New
York)

		
	Directors:	 	 John Quinn
 Declan Kelly

		
	Registered agent:	 	John Quinn
		
	Tax identification number:	 	13-3128710
		
	Authorised capital:	 	US$20,000.00 consisting of 10,000 A common stock shares of US$1.00 each and 10,000 B common stock shares of US$1.00 each.
		
	Issued capital:	 	US$2,562 consisting of 2,562 A common stock shares of US$1.00 each.
		
	Company name:	 	Financial Dynamics
		
	Registered number:	 	RCS 404 191 025
		
	Registered office:	 	9 Rue Scribe, 7509 Paris, France
		
	Date and place of incorporation:	 	 20 March 2006
 Paris, France

		
	President	 	Nina Mitz
		
	Secretary:	 	Not applicable
		
	VAT number:	 	FR 46 404 191 025
		
	Accounting reference date:	 	31 December
		
	Auditors:	 	Pascal Defond
		
	Authorised capital:	 	EUR60,000.00.
		
	Issued capital:	 	EUR60,000.00.

  

 18 

			
	Company name:	 	Dittus Communications, Inc.
		
	Registered number:	 	991347
		
	Registered office:	 	1090 Vermont Avenue, N.W. Washington, DC20005, USA
		
	Date and place of incorporation:	 	 6 May 1999
 USA (District of
Columbia)

		
	Directors:	 	 Gloria Dittus
 Declan Kelly
 John Quinn

		
	Registered agent:	 	Corporation Service Company
		
	Authorised capital:	 	10,000 common stock shares.
		
	Issued capital:	 	1,000 common stock shares.
		
	Company name:	 	FD Dubai Limited
		
	Registered number:	 	5895621
		
	Registered office:	 	Holborn Gate, 26 Southampton Buildings, London WC2A 1PB
		
	Date and place of incorporation:	 	 3 August 2006
 England and Wales

		
	Directors:	 	 Sanjay Jawa
 Charles Watson

		
	Secretary:	 	Greg Cooper
		
	VAT number:	 	None as yet
		
	Accounting reference date:	 	31 August
		
	Auditors:	 	KPMG LLP
		
	Authorised capital:	 	£100.00 consisting of 100 ordinary shares of £1.00 each.
		
	Issued capital:	 	£1.00 consisting of 1 ordinary share of £1.00 each.

  

 19 

 Schedule 4 
 WARRANTIES 
 Information 
  

	1.	The information set out in Schedule 2 and Schedule 3 is true and accurate as of the date of this deed. 

 Financial 
  

	2.	The Accounts have been prepared in accordance with generally accepted United Kingdom accounting policies and principles and show a true and fair view of the:

  

	 	(A)	the assets and liabilities of the affairs of the Group as at the Accounts Date; and 

  

	 	(B)	profits/losses of the Group for the financial year ended on the Accounts Date. 

  

	3.	Except (i) as provided for or taken into account in the Accounts and (ii) for ordinary course liabilities incurred since the Accounts Date, no Group Company has any
material liabilities or material commitments or Encumbrances over assets of the Group. 

  

	4.	Since the Accounts Date the Group has carried on its business in the ordinary and usual course. 

  

	5.	The Disclosure Letter contains complete details of all outstanding Borrowings of the Group. 

  

	5.1	The June Management Accounts and July Management Accounts have been prepared with due care on a basis consistent with the preparation of the management accounts for the period
1 January to 30 May 2006 and, based upon matters known at the time they were drawn up, respectively present a view of the Group’s assets and liabilities as at 30 June 2006 and 31 July, and of the Group’s profits for the
period then ended which, taken as a whole, is not materially misleading, it being acknowledged that the June Management Accounts and July Management Accounts are interim accounts prepared for internal purposes and have not been audited.

  

	5.2	The Interim Financial Statements have been prepared with due care based on the financial information extracted from the June Management Accounts but presented in a form consistent
with, and on the basis of the accounting policies and practices used in preparing, the Accounts, it being acknowledged that whilst the Company has required the Interim Financial Statements to be reviewed by the Company’s auditors for the
purposes of this transaction on the basis set out in the Interim Financial Statements, they are interim accounts and have not been audited. 

 Insurance 
  

	6.	The Data Room contains an accurate and complete list of all current insurance policies of the Group. 

 Commercial Agreements 
  

	7.	The Data Room contains details of: 

  

	 	(C)	the terms of contracts with clients which together accounted for more than 15% of aggregate turnover of the Group Companies for the financial year ended on the Accounts Date; and

  

	 	(D)	all agreements which are material to the business of the Group as a whole. 

  

 20 

	8.	No fact or circumstance exists which is likely to invalidate or give rise to a ground for termination, avoidance or repudiation of a material agreement, arrangement or obligation to
which a Group Company is a party. No party with whom a Group Company has entered into an agreement, arrangement or obligation has given notice of its intention to terminate, or has sought to repudiate or disclaim, the material agreement, arrangement
or obligation. 

  

	9.	Neither a Group Company nor any party with whom the Group Company has entered into a material agreement, arrangement or obligation is in material breach of the agreement,
arrangement or obligation. No fact or circumstance exists which is likely to give rise to a breach of this type. 

  

	10.	No client of the Group individually accounted for more than 2% of the aggregate turnover of the Group Companies for the twelve months prior to the date of this deed. None of the
clients listed in Appendix 13 (top UK retainer clients), Appendix 14 (top US retainer clients) or Appendix 15 (top RoW retainer clients) of the vendor due diligence report dated 20 June 2006 and prepared by KPMG LLP (“Material
Clients”) has: 

 stopped, or indicated an intention to stop, trading with any Group Company; 
 reduced, or indicated an intention to reduce, substantially its trading with any Group Company; or 
 changed or indicated an intention to change, substantially the terms on which it is prepared to trade with any Group Company. 
  

	11.	No Material Customer is likely to: 

  

	 	(a)	stop trading with any Group Company; 

  

	 	(b)	reduce substantially its trading with any Group Company; or 

  

	 	(c)	change substantially the terms on which it is prepared to trade with any Group Company. 

  

	12.	No Group Company has outstanding any material bid, tender, sale or service proposal. 

 Assets 
  

	13.	Except for assets acquired subject to retention or reservation of title by the supplier or manufacturer of such assets, all the material assets included in the Accounts or acquired
by a Group Company after the Accounts Date: 

  

	 	(a)	are legally and beneficially owned by a Group Company free from any mortgage, charge, lien or other encumbrance; and 

  

	 	(a)	are not held subject to any agreement for lease, hire, hire purchase or sale on conditional or deferred terms. 

 Compliance and Litigation 
  

	14.	No Group Company has done or omitted to do anything in material breach of any relevant statutory requirement, bye laws or regulations of the United Kingdom or any other jurisdiction
applicable to it or its business where such contravention would have a material adverse effect on the continued operation of the business of the Group taken as a whole after Completion. 

  

 21 

	15.	The Disclosure Letter contains true, accurate and complete details of all civil, criminal or arbitration proceedings in which any member of the Group is involved where the amount in
dispute exceeds £100,000 other than rent review proceedings in the ordinary course of the Group’s business and other than debt recovery proceedings in the ordinary course of the Group’s business. 

 Property 
  

	16.	The Data Room contains a complete list of all leasehold properties owned and/or occupied by the Group (the “Properties”) and there are no freehold properties owned
and/or occupied by the Group. 

  

	17.	The Data Room contains copies of the leases relating to the Properties. 

 Intellectual Property 
  

	18.	No written claims concerning the infringement of any of the Intellectual Property Rights have been made by a Group Company. 

  

	19.	A Group Company is the registered proprietor of the registered Intellectual Property Rights and the applicant for the registration of the Intellectual Property Rights as set out in
the Disclosure Letter. 

 Employment 
  

	20.	The Disclosure Letter contains details of all pension schemes in which the Group participates or to which the Group contributes or has any ongoing financial responsibility. For the
purposes of this paragraph 20, a pension scheme is a scheme, agreement or arrangement for the provision of Retirement Benefits (meaning benefits payable by reference to reaching or expecting to reach, retirement or a particular age or payable by
reason of serious ill-health, incapacity or death and any other retirement benefit within the meaning of section 255(5) of the Pensions Act 2004) to any past or present employee, officer or director of the Group and their respective spouses and
dependants. 

  

	21.	All pension contributions required to be paid to date in respect of the pension schemes detailed in the Disclosure Letter have been paid in full, or accrued on the balance sheet.

  

	22.	The Data Room contains full and accurate details of the service contracts for the Warrantors and John Quinn, Gordon McCoun, Hollis Rafkin Sax, Harlan Teller, Michael Bayer, Gloria
Dithus, Edward Reilly, Timothy Spratt, Andrew Lorenz, Geoffrey Pelham-Lane, Anthony Danaher, David Lloyd, Tarquin Henderson, Nina Mitz, Lutz Golsch, Markus Breidenstein, Ivo Lingnau, Dirk T Schmidt, Paul McSharry, Diana Footit, Bruce Hetherington,
Michael Guerin and John Hobday (the “Management Executives”) and full and accurate details of the salary and emoluments and benefits to which each Warrantor and Management Executive is entitled. 

  

	23.	The Data Room contains the rules and documentation relating to all profit sharing, bonus or other incentive schemes or arrangements of all employees with salaries of £100,000
or more. 

 Taxation 
  

	24.	The Group has filed all tax returns, computations and registrations which it is required to make under applicable law and maintained all records in relation to Taxation as it is
required 

  

 22 

 to maintain and has fully complied on a timely basis with all notices served on it and any other
requirements lawfully made of it by any Taxation Authority. No return (and nothing in a return) is disputed or is yet to be determined by, or is subject to agreement with, a Taxation Authority. 
 The Subsidiaries 
  

	25.	The Company or another Group Company is the sole legal and beneficial owner of the shares in the Subsidiaries free from Encumbrances and have the right to exercise all voting and
other rights over such shares. 

  

	26.	The shares in the Subsidiaries comprise the whole of the allotted and issued share capital of the Subsidiaries. 

  

	27.	No person has the right (whether exercisable now or in the future and whether contingent or not) to call for the allotment, conversion, issue, sale or transfer, redemption or
repayment of any share capital or has any option, agreement or other arrangement (including conversion rights and rights of pre-emption) giving rise to a right over, or an interest in, the capital of the Company or any Subsidiary.

  

	28.	Neither the Company nor any Subsidiary has any interest in, or has agreed to acquire or merge or consolidate with, any share capital or other security of any other company (wherever
incorporated) or any other entity other than the Subsidiaries. 

 Previous Acquisitions 
  

	29.	The Data Room contains complete copies of each of the Acquisition Agreements. 

  

 23 

 Schedule 5 
 LIMITS ON CLAIMS 
  

	1.	Notice 

 If any member of (a) the senior
management of FTI Consulting Inc or (b) the board of the Company or their successors as the senior management of the Business Unit (other than a Warrantor) becomes aware of a matter or circumstance which is likely to give rise to a Warranty
Claim (or claim for breach of the warranty in Clause 4.1(a), to the extent only specified in paragraph 3.1(c) below) the Warrantors shall not be liable in respect of it unless the Offeror shall have given notice to the Warrantors specifying that
matter or circumstance in reasonable detail (including, without limitation, the Offeror’s estimate, on a without prejudice basis, of the amount of such claim) as soon as reasonably practicable (and in any event within 30 days) after the Offeror
becomes aware of that matter or circumstance. The Warrantors shall not be liable for any losses in respect of a Warranty Claim to the extent that they are increased, or are not reduced, as a result of any failure by the Offeror to give notice as
contemplated by this paragraph. 
  

	2.	Exclusions 

  

	2.1	The Warrantors shall not be liable in respect of a Warranty Claim to the extent that the matter or circumstance giving rise to that claim: 

  

	 	(a)	was taken into account in the Accounts or is otherwise reflected in the Accounts (including, without limitation, by way of a note or a statement in any report forming part of the
Accounts); and 

  

	 	(b)	is a matter or circumstance of which any of Dennis Shaughnessey, Jack Dunn, David Bannister, Ted Pincus and Eric Miller has actual knowledge at the date of this deed (having made
reasonable enquiry of their legal and other professional advisers in connection with this transaction). 

  

	2.2	The Warrantors shall not be liable in respect of a Warranty Claim to the extent the relevant liability would not have arisen but for: 

  

	 	(c)	a change in legislation or a change in the interpretation of any legislation, rule, regulation or administrative practice of any government, government department, local or state
agency, authority or regulator or any fiscal body made after the date of this deed (whether relating to Taxation, the rate of Taxation or otherwise) or any amendment to or the withdrawal of any practice previously published by a Taxation Authority,
in any case occurring after the date of this deed, whether or not that change, amendment or withdrawal purports to be effective retrospectively in whole or in part; or 

  

	 	(d)	any change after Completion of the date to which any Group Company makes up its accounts or in the bases, methods, principles or policies of accounting of any Group Company; or

  

	 	(e)	any act or omission of any Group Company on or before Completion carried out at the written request or with the written consent of any member of the Offeror’s Group or any act
or omission of any member of the Offeror’s Group or any Group Company after Completion; or 

  

 24 

	 	(f)	a cessation, or any change in the nature or conduct, of any trade carried on by any Group Company at Completion, being a cessation or change occurring on or after Completion.

  

	3.	Financial limits 

  

	3.1	The liability of the Warrantors under or in respect of the Warranties shall be limited as follows: 

  

	 	(g)	the Warrantors shall not be liable in respect of, and there shall be disregarded for all purposes, any Warranty Claim unless the amount of the damages (excluding interest and costs)
to which the Offeror would, but for this subparagraph, be entitled as a result of that Warranty Claim or series of Warranty Claims arising out of the same event or circumstance exceeds £25,000 (having taken into account the provisions of
paragraph 3.2 below); 

  

	 	(h)	the Warrantors shall not be liable in respect of any Warranty Claim unless the amount of damages (excluding interest and costs) resulting from any and all Warranty Claims (other
than claims disregarded as contemplated by subparagraph (a) above) exceed in aggregate £1,000,000 (having taken into account the other provisions of this Schedule 5 whereupon the whole amount and not just the excess, shall apply; and

  

	 	(i)	the maximum aggregate liability of each Warrantor in respect of any and all Warranty Claims and in respect of any claim for breach of Clauses 3.2 and 4 (to the extent only of the
Warrantor’s warranty and undertaking in respect of officers, directors and employees of the Group other than himself) (including interest and costs) shall not exceed the amount set opposite his name in column (C) of Schedule 1.

  

	3.2	Where two or more Warrantors are liable for a breach of the Warranties or for a breach of Clauses 3 or 4 (to the extent specified in paragraph 3.1(c) above), each such Warrantor
shall only be liable for a proportionate share of the liability for that breach of the Warranties or such Clauses depending on the number of Warrantors liable for such breach, such proportionate share being determined pro rata to the number of
Shares held by each such Warrantor relative to the total number of Shares held by all such Warrantors. 

  

	3.3	Where it is necessary to determine whether a monetary limit or threshold set out in subparagraph 3.1(a), 3.1(b) or 3.2 has been reached or exceeded (as the case may be) and the
value of the relevant Warranty Claim or the subject matter of any part of the relevant Warranty Claim is expressed in a currency other than sterling, the value of each such Warranty Claim shall be converted into sterling at the Exchange Rate on the
date of receipt of the written notice of such claim (served in accordance with paragraph 1) (or where such date is not a Business Day at the Exchange Rate on the first Business Day following such receipt). 

  

	4.	Time limits 

 The liability of the Warrantors in
respect of the Warranties and in respect of the warranty in Clause 4(a) (to the extent specified in paragraph 3.1(c) above) shall terminate on the expiry of a period of 18 months calculated from the date of this deed except in respect of any
Warranty Claim (or claim for breach of the warranty in Clause 4.1(a) as aforesaid) of which notice is given to the Warrantors as contemplated by paragraph 1 of this schedule before that date. The liability of the Warrantors in respect of any
Warranty Claim (or claim for breach of the warranty in Clause 4.1(a) as aforesaid) shall in any event terminate if proceedings in respect of it have not been commenced within six months after the giving of notice of that claim as contemplated by
paragraph 1 of this schedule (or, if that claim is based on a liability which is contingent only, within three months after such contingent liability gives rise to an obligation to make a payment). 
  

 25 

	5.	Payment of damages 

 Any payment made by the
Warrantors in respect of a Warranty Claim shall, to the maximum extent possible, be deemed to be a reduction in the consideration for the sale of the Warrantors’ Shares under the Offer. 
  

	6.	Third party claims 

 If a Warranty Claim arises as a
result of, or in connection with, a liability or alleged liability of a Group Company to a third party (a Third Party Claim) then, in addition to its notification obligations under Paragraph 1 and without prejudice to its obligations under
Paragraph 7: 
  

	 	(j)	the Offeror shall consult reasonably with the Warrantors in relation to the conduct of negotiations and/or proceedings relating to the Third Party Claim and take reasonable account
of their proposals and suggestions (having regard to the effect on the business, reputation and goodwill of any member of the Offeror’s Group); 

  

	 	(k)	the Offeror will not (and will procure that each Group Company and all other members of the Offeror’s Group will not) make or attempt to make any admission of liability,
agreement, settlement or compromise in relation to a Third Party Claim without the consent of the Warrantors (that consent not to be unreasonably withheld or delayed taking into consideration the effect on the business, reputation and goodwill of
any member of the Offeror’s Group); and 

  

	 	(l)	the Offeror shall in any event keep the Warrantors informed as to the steps which are being taken in connection with the Third Party Claim). 

  

	7.	Mitigation 

 The Offeror shall and shall procure
that the Group Companies and any other relevant member of the Offeror’s Group shall, in relation to any loss or liability which might give rise to a Warranty Claim, take all available steps to avoid or mitigate that loss or liability.

  

	8.	Recovery from third parties 

  

	8.1	If any Group Company is or may be entitled to recover from some other person any loss or damage which gives rise to any Warranty Claim, the Offeror shall or shall procure that the
relevant Group Company shall take reasonable steps to enforce that recovery (keeping the Warrantors informed on a timely basis of any action so taken) but without affecting any action which the Officer may wish to bring against the Warrantors,
provided that the Offeror shall not be so obliged to the extent that it reasonably considers the same would adversely affect the business, goodwill or reputation of any member of the Offeror’s Group. 

  

	8.2	If: 

  

	 	(a)	the Warrantors make a payment in respect of, or towards the settlement of, a Warranty Claim (the Damages Payment); 

  

	 	(b)	at any time after the making of such payment any Group Company or the Offeror receives or procures the receipt (including from insurers) of any sum other than from the Warrantors
which is referable to that Warranty Claim (the Third Party Sum); 

  

	 	(c)	the receipt of the Third Party Sum was not taken into account in calculating the Damages Payment; and 

  

 26 

	 	(d)	the aggregate of the Third Party Sum and the Damages Payment exceeds the amount required to compensate the Offeror in full for the loss or liability which gave rise to the Warranty
Claim in question (such excess being the Excess Recovery), 

 the Offeror shall, promptly following receipt of the Third
Party Sum by it or the relevant Group Company, repay to the Warrantors an amount equal to the lower of (i) the Excess Recovery and (ii) the Damages Payment, after deducting (in either case) all costs reasonably incurred by the Offeror or
the relevant Group Company in recovering the Third Party Sum. 
  

	9.	Contingent liabilities 

 If any Warranty Claim is
based upon a liability which is contingent only, the Warrantors shall have no obligation to make a payment in respect thereof unless (and until) such contingent liability gives rise to an obligation to make a payment. 
  

	10.	No double recovery 

 The Offeror shall not be
entitled to recover more than once in respect of any fact, matter, event or circumstance giving rise to a Warranty Claim. 
  

	11.	Books and records 

 The Offeror will (and will
procure that each Group Company and all other members of the Offeror’s Group will) retain and preserve all books, records, documents and information (including information recorded or retained in any electronic form) of or relating to each
Group Company and their business which are or may be relevant in connection with any Warranty Claim brought by the Offeror against the Warrantors for 3 years from Completion. 
  

	12.	Fraud 

 None of the limitations contained in this
schedule shall apply to any Warranty Claim against a Warrantor to the extent that the Warrantor has been fraudulent in relation to such Warranty Claim or where such Warranty Claim would not have arisen or would not have been so large but for the
fraud by that Warrantor. For the avoidance of doubt, however, subject to applicable laws in relation to fraud, no Warrantor shall be liable (nor have any limitations on his own liability disapplied) in respect of the fraud of any other Warrantor.

  

 27 

 Schedule 6 
 INTERPRETATION 
  

	1.	In this deed: 

 A Shares means the “A”
ordinary shares of 10p each in the capital of the Company; 
 Accounts means the consolidated audited accounts of the Group for the
period ended on the Accounts Date attached to the Disclosure Letter as document 1 of the general disclosure documents; 
 Accounts Date
means 31 December 2005; 
 Agreed Form means, in relation to any document, the form of that document which has been initialled for
the purpose of identification by or on behalf of the Warrantors’ Solicitors and the Offeror’s Solicitors; 
 Acquisition
Agreements means: 
  

	 	(a)	the asset purchase agreement between (1) Morgen-Walke Associates, Inc., (2) FD International (Holdings) Ltd, (3) Westhill Partners Inc. and (4) Edward Reilly
dated 10 August 2005; 

  

	 	(b)	the share sale agreement between (1) J.N. Mendelsohn, (2) B.C.L. Lucas, (3) C. Leviton, (4) various option sellers and (5) FD International 2 Limited dated
22 July 2005; 

  

	 	(c)	the business and asset purchase agreement between (1) Anthony Danaher, (2) Sue Danaher and (3) Financial Dynamics Limited dated 17 January 2005;

  

	 	(d)	stock exchange agreement between (1) FDMWA Holdings, Inc., (2) FD International (Holdings) Ltd., (3) FD International 2 Limited and (4) Gloria Dittus dated
30 November 2005. 

 Borrowing means all outstanding borrowings and outstanding indebtedness in the nature of
borrowings of any Group Company for the payment or repayment of money, including any bank debit balances, bonds, notes, loan stock, debentures or other debt instruments, any overdraft or finance lease, receivable sold or discounted, any amount
raised under any other transaction having the commercial effect of a borrowing, unpaid dividends and accrued and arrears of dividends (excluding any dividends from one Group Company to another Group Company) and also interest on the foregoing items
but excluding (i) trade credit as arising in the ordinary course of business; (ii) operating leases; (iii) borrowings and outstanding indebtedness in the nature of borrowings due from one Group Company to another Group Company; and
(iv) Taxation and all amounts with the passage of time becoming due, but not yet owing, to a Taxation Authority; 
 B Shares means
the “B” ordinary shares of 10p each in the capital of the Company; 
 Business Day means a day (other than a Saturday or
Sunday) on which banks are generally open in London for normal business; 
 Business Unit has the meaning given in the Offer Document;

 C Shares means the “C” ordinary shares of 10p each in the capital of the Company; 
  

 28 

 Company shall have the meaning given to it in recital (A), certain particulars of which are set
out in Schedule 2; 
 Completion means the date on which the Offer becomes or is declared unconditional in all respects; 
 Data Room means the documents and information contained in the virtual data site as listed in the index in the Agreed Form; 
 Disclosure Documents has the meaning given in the Disclosure Letter; 
 Disclosure Letter means the letter of the same date as this deed from the Warrantors to the Offeror delivered by the Warrantors to the Offeror prior to the execution of this deed; 
 Electronic Communication means an electronic communication as defined in the Electronic Communications Act 2000; 
 Encumbrance means any mortgage, charge (fixed or floating), pledge, lien, option, right to acquire, assignment by way of security, trust
arrangement for the purpose of providing security or any other security interest of any kind, including retention arrangements and any agreement to create any of the foregoing; 
 Exchange Rate means with respect to a particular currency for a particular day the spot rate of exchange at 11.00 am (London time) for that
currency into Sterling at such time as quoted by Barclays Bank plc (and if for any reason a quote is not available from Barclays Bank plc at such time, as soon as such a quote immediately thereafter becomes available from Barclays Bank plc);

 Form of Acceptance means the form of acceptance in the Agreed Form to be sent to the Shareholders with the Offer Document;

 Group means together the Company and the Subsidiaries and member of the Group shall be construed accordingly; 
 Group Companies means the Company and the Subsidiaries and Group Company shall be interpreted accordingly; 
 Intellectual Property means inventions, patents, trade marks, service marks, designs (whether registered or unregistered), copyrights (including
copyright in computer programmes), domain names, confidential information, know-how, business or trade names, trading goodwill and all applications and rights to apply for, or for the protection of, any of the foregoing; 
 Intellectual Property Rights means the Intellectual Property which is owned or used by the Group; 
 Interim Financial Statements means the profit and loss account, balance sheet and cash flow statement for the Group in respect of the six month
period ended 30 June 2006 (document 11.07.21 of the Disclosure Documents); 
 July Management Accounts means the set of management
accounts for the Group in respect of the 7 month period ended 31 July 2006 (document 11.07.20 of the Disclosure Documents); 
 June
Management Accounts means the set of management accounts for the Group in respect of the 6 month period ended 30 June 2006 (documents 2.13.20, 2.13.21 and 2.13.22 of the Disclosure Documents); 
  

 29 

 Offer shall have the meaning given to it in recital (B); 
 Offer Document shall have the meaning given to it in recital (B); 
 Offeror’s Group means the Offeror, each subsidiary undertaking or parent undertaking for the time being of the Offeror and each subsidiary undertaking for the time being of a parent undertaking of the
Offeror and includes, for the avoidance of doubt, after Completion each Group Company; 
 Offeror’s Solicitors means Clifford
Change of 10 Upper Bank Street, London E14 5JJ; 
 Permitted Leakage means any one or more of the following: 
  

	 	(a)	all payments of salary, emoluments, benefits and bonuses pursuant to the terms of, or payable under, the service contracts between a Group Company and a Warrantor and reimbursement
of expenses properly incurred by the Warrantor in the performance of his duties; and 

  

	 	(b)	all dividends validly declared and disclosed in the Disclosure Letter; 

 Settlement Date has the meaning set out in the Offer Document; 
 Subsidiaries means the
companies certain particulars of which are set out in Schedule 3 and Subsidiary shall mean any one of them; 
 subsidiary means
a subsidiary for the purposes of the Companies Act 1985; 
 subsidiary undertaking and parent undertaking have the meanings
given in section 258 of the Companies Act 1985; 
 Taxation means all forms of taxation, duties, imposts, contributions, withholdings
and deductions, whether of the United Kingdom or elsewhere, chargeable against or payable by a Group Company, including any interest, fine, penalty or surcharge levied in connection therewith; 
 Taxation Authority means any government, state or municipality or any local, state, federal or other fiscal, revenue, customs or excise authority,
body or official anywhere in the world competent to impose, administer or collect any Taxation or make any decision or ruling on any matter relating to Taxation; 
 Warranties means the warranties on the part of the Warrantors contained in clause 2.1 and Schedule 4; 
 Warrantors’ Solicitors means Mayer Brown Rowe & Maw LLP of 11 Pilgrim Street, London EC4V 6RW; 
 Warranty
Claim means a claim by the Offeror or any person deriving title from it for any breach or alleged breach of any of the Warranties. 
  

	2.	In this deed, any express or implied reference to an enactment (which includes any legislation in any jurisdiction) includes references to: 

  

	 	(E)	that enactment as amended, extended or applied by or under any other enactment before or after the date of this deed; 

  

	 	(F)	any enactment which that enactment re-enacts (with or without modification); and 

  

 30 

	 	(G)	any subordinate legislation (including regulations) made (before or after signature of this deed) under that enactment, as re-enacted, amended, extended or applied as described in
paragraph (a) above, or under any enactment referred to in paragraph (b) above. 

  

	3.	In this deed: 

  

	 	(H)	words denoting persons shall include bodies corporate and unincorporated associations of persons; and 

  

	 	(I)	references to an individual/a natural person include his estate and personal representatives; and 

  

	 	(J)	subject to the clause headed “Assignments”, references to a party to this deed include references to the successors or assigns (immediate or otherwise) of that party.

  

 31 

 SIGNATORIES 
  

					
			
	EXECUTED as a DEED by	  	)	  	/s/ CHARLES WATSON
	CHARLES WATSON	  	)	  	
	in the presence of	  	)	  	
			
	Witness signature	  		  	/s/ LAURI-LYNN PUESALL
			
	Witness name	  		  	Lauri-Lynn Puesall
			
	Witness address	  		  	4 Chapel Walk, Bexley Park, London, DAZ7WW
			
	Witness occupation	  		  	Solicitor
			
	EXECUTED as a DEED by	  	)	  	/s/ DECLAN KELLY *
	DECLAN KELLY	  	)	  	
	in the presence of	  	)	  	
			
	Witness signature	  		  	/s/ LAURI-LYNN PUESALL
			
	Witness name	  		  	Lauri-Lynn Puesall
			
	Witness address	  		  	4 Chapel Walk, Bexley Park, London, DAZ7WW
			
	Witness occupation	  		  	Solicitor

	*	For Declan Kelly by Charles Watson 

  

					
			
	EXECUTED as a DEED by	  	)	  	/s/ SANJAY JAWA
	SANJAY JAWA	  	)	  	
	in the presence of	  	)	  	
			
	Witness signature	  		  	/s/ LAURI-LYNN PUESALL
			
	Witness name	  		  	Lauri-Lynn Puesall
			
	Witness address	  		  	4 Chapel Walk, Bexley Park, London, DAZ7WW
			
	Witness occupation	  		  	Solicitor

  

 32 

			
	EXECUTED as a DEED by	  	)
	FTI FD LLC	  	)
	acting by	  	)
	/S/ ERIC B. MILLER, Manager	  	
	Authorised signatory	  	

  

 33Exhibit 10.7

 Exhibit 10.7 
 PARENT GUARANTY 
 This PARENT GUARANTY (this “Guaranty”), dated as of 4 October, 2006,
of FTI Consulting, Inc., a Maryland corporation (“Guarantor”), is made in favor of the Noteholders (being initially the persons named in Schedule A hereto and such persons who from time to time are entered into the relevant register of FTI
FD LLC, a Maryland limited liability company (“Obligor”)) as the holders of the Loan Notes that are issued by Obligor and dated even date herewith (each a “Note” and collectively the “Notes”));

 WHEREAS, Guarantor is the beneficial owner of all the issued and outstanding shares of Obligor; and 
 WHEREAS, the Notes are being issued by Obligor in connection with the acquisition pursuant to which Obligor intends to acquire FD International
(Holdings) Limited, a company registered in England (“FD”) (the “Acquisition”), pursuant to offers made on 11 September, 2006 to purchase all of the outstanding securities of FD by Obligor (the
“Offering”); and 
 WHEREAS, it is in the best interest of Guarantor to execute this Guaranty inasmuch as Guarantor
will derive substantial direct and indirect benefits from the Acquisition and this Guarantee is being provided to induce the Noteholders to accept the Notes; 
 NOW, THEREFORE, Guarantor covenants and agrees as follows: 
 1. Guaranty. Guarantor hereby
unconditionally and irrevocably guarantees to each Noteholder, the following obligations, howsoever created and whether or not direct or indirect, absolute or conditional or now existing or hereafter arising (collectively, the “Guaranteed
Obligations”): 
 (a) the due, punctual and full payment by Obligor of all principal amounts and accrued interest (including, without
limitation, amounts payable in case of default) to be paid by Obligor to such Noteholder pursuant to the Note issued to him or her, as and when the same shall become due and payable in accordance with the terms thereof (whether at stated maturity,
by required prepayment, redemption, declaration, acceleration, demand or otherwise); and 
 (b) the due, prompt and faithful performance of,
and compliance with, all other agreements, obligations, covenants, indemnities, terms, conditions and undertakings of Obligor in favor of such Noteholder contained in such Note in accordance with the terms thereof. 
 Guarantor further agrees to pay or reimburse any and all reasonable costs and expenses (including reasonable fees and disbursements of counsel) that may
be paid or incurred by a Noteholder in collecting any Guaranteed Obligations and/or in preserving 

  

 1 

 
or enforcing any of his or her rights under this Guaranty or in connection with the Guaranteed Obligations. 
 This Guaranty is a guaranty of payment, performance and compliance and not of collectability, is in no way conditioned or contingent upon any attempt to
collect from or enforce performance or compliance by Obligor or upon any other event, contingency or circumstance whatsoever, and shall be binding upon and against Guarantor without regard to the validity or enforceability of such Note. 

2. Guarantor’s Guaranteed Obligations Unconditional. The guarantees and other covenants and agreements of Guarantor set forth in this
Guaranty shall be primary obligations of Guarantor, and such obligations shall be continuing, absolute, immediate and unconditional, shall not be subject to any counterclaim, setoff, deduction, diminution, abatement, recoupment, suspension,
deferment, reduction or defense (other than full and strict compliance by Guarantor with its obligations hereunder), whether based upon any claim or right that Obligor, Guarantor or any other person may have against such Noteholder or any other
Noteholder or any other person or otherwise, and shall remain in full force and effect without regard to, and shall not be released, discharged, limited or in any way affected by, any circumstance or condition whatsoever (whether or not Obligor,
Guarantor or such other person shall have any knowledge or notice thereof) including, without limitation: 
 (a) any amendment, modification,
addition, deletion, supplement or renewal to or of or other change in the Guaranteed Obligations, the Notes, or any other document or any of the agreements referred to in any thereof, or any furnishing or acceptance of additional security for,
guaranty of or right of offset with respect to, any of the Guaranteed Obligations; or the failure of any security or the failure of any Noteholder or other person to perfect, insure, protect or secure any interest in any collateral; 
 (b) any failure, omission, lack of diligence or delay on the part of any Noteholder or other person to enforce, conform or comply with any term of the
Note or any other instrument or agreement referred to in clause (a) above; 
 (c) any extension of any of the payment date(s) or maturity
date of such Note; 
 (d) any waiver, consent, extension, indulgence, compromise, release or other action or inaction under or in respect of
the Guaranteed Obligations, the Note or any instrument, agreement, guaranty, right of offset or security referred to in clause (a) above or any obligation or liability of Obligor, such Noteholder or other person, or any exercise or non-exercise
by such Noteholder or person of any right, remedy, power or privilege under or in respect of the Guaranteed Obligations, the Note or any such instrument, agreement, guaranty, right of offset or security or any such obligation or liability;

  

 2 

 (e) any bankruptcy, insolvency, reorganization, arrangement, readjustment, composition, liquidation,
winding up or similar proceeding with respect to Obligor; 
 (f) any discharge, termination, cancellation, frustration, irregularity,
invalidity or unenforceability, in whole or in part, of such Note or any term or condition thereof; 
 (g) any merger or consolidation of
either Obligor or Guarantor into or with any other person or any sale, lease or transfer of any of the assets of either Obligor or Guarantor to any other person; 
 (h) the recovery of any judgment against any person or any action to enforce the same; 
 (i) any obtaining or
release of the primary or secondary obligation of any other person, in addition to the Guarantor, with respect to the Guaranteed Obligations; or 
 (j) any other occurrence or circumstance whatsoever, whether similar or dissimilar to the foregoing and any other circumstance that might otherwise constitute a legal or equitable defense or discharge of the liabilities of a guarantor or
surety or that might otherwise limit recourse against Guarantor. 
 The obligations of Guarantor set forth herein constitute the full
recourse obligations of Guarantor enforceable against it to the full extent of all its assets and properties. 
 3. Waiver and
Agreement. Guarantor waives any and all notice of the creation, renewal, extension or accrual of any of the Guaranteed Obligations and notice of or proof of reliance by such Noteholder upon this Guaranty or acceptance of this Guaranty, and the
Guaranteed Obligations, and any of them, shall conclusively be deemed to have been created, contracted or incurred in reliance upon this Guaranty. Guarantor unconditionally waives, to the maximum extent permitted by law: (a) acceptance of this
Guaranty and proof of reliance by such Noteholder hereon; (b) notice of any of the matters referred to in Section 2 hereof, or any right to consent or assent to any thereof; (c) all notices that may be required by statute, rule of law
or otherwise, now or hereafter in effect, to preserve intact any rights against Guarantor, including, without limitation, any demand, presentment, protest, proof or notice of nonpayment under such Note, and notice of default or any failure on the
part of Obligor to perform and comply with any covenant, agreement, term or condition of such Note; (d) any requirement of diligence; (e) any requirement to file any claims with any court, to exhaust any rights, 
  

 3 

 
actions or remedies, including without limitation to proceed first against Obligor or any other person, to marshal the sales of assets or to mitigate the
damages resulting from an event of default (after expiration of any applicable notice and cure periods) under such Note; (f) any notice of any sale, transfer or other disposition by any person of any right under, title to or interest in such
Note or collateral thereunder now or hereafter given; and (h) any requirements that any Noteholder or other person protect, perfect or insure any lien or any property subject thereto, (i) any defense, offset or counterclaim arising by
reason of any claim or defense based upon any action by any Noteholder or other person and (j) any other circumstance whatsoever that might otherwise constitute a legal or equitable discharge, release or defense of a guarantor or surety, or
that might otherwise limit recourse against Guarantor hereunder (other than indefeasible payment and performance of the Guaranteed Obligations). 
 Guarantor agrees that this Guaranty shall be automatically reinstated if and to the extent that for any reason any payment by or on behalf of Obligor is rescinded or must be otherwise restored by any of the Noteholders, whether as a result
of any proceedings in bankruptcy or reorganization or otherwise. 
 4. Subrogation, etc. Guarantor will not exercise, nor be entitled
to any payment by Obligor or out of Obligor’s assets in satisfaction of, any rights or claims which it may acquire by way of any rights of subrogation, indemnification, contribution, exoneration, reimbursement or otherwise under or pursuant to
this Guaranty, by any payment made hereunder or otherwise, until the prior payment or performance in full of all Guaranteed Obligations and other amounts owing by Guarantor hereunder to such applicable Noteholder. So long as any Guaranteed
Obligations remain outstanding, Guarantor shall refrain from taking any action, asserting any claim or commencing any proceeding against Obligor (or its successors or assigns, whether in connection with a bankruptcy proceeding or otherwise) to
recover any amounts in the respect of payments made under this Guaranty to any Noteholder. 
 5. Rights of the Noteholders. This
Guaranty is made for the benefit of, and shall be enforceable by, each Noteholder with respect to such Guaranteed Obligations as are owed to such Noteholder. 
 6. Term of Guaranty. This Guaranty and all guaranties, covenants and agreements of Guarantor contained herein, shall continue in full force and effect and shall not be discharged until such time as all
Guaranteed Obligations shall be indefeasibly paid in full in cash and all the agreements of Obligor and Guarantor hereunder and under the Notes shall have been duly performed. If, as a result of any bankruptcy, dissolution, reorganization,
insolvency, arrangement or liquidation proceedings (or proceedings similar in purpose or effect) or if for any other reason, any payment received by any Noteholder in respect of the Guaranteed Obligations is rescinded or must be returned by such
Noteholder, this Guaranty shall continue to be effective as if such payment had not been made and, in any event, as provided in the preceding sentence. 
  

 4 

 7. Notices. All notices, demands, requests, consents, approvals and other instruments hereunder
shall be in writing and shall be deemed to have been properly given if given as provided for in the Notes. 
 8. Severability of this
Guaranty. In case any provisions of this Guaranty or any application thereof shall be invalid, illegal or unenforceable, the validity, legality and enforceability of the remaining provisions and statements and any other application thereof shall
not in any way be affected or impaired thereby. To the extent permitted by law, Guarantor hereby waives any provision of law that renders any term or provision hereof invalid or unenforceable in any respect. 
 9. Amendments; Termination. No modification, amendment, termination, waiver, deletion, or supplement to or of or other change in, the terms and
conditions of this Guaranty shall be valid unless approved in writing by the Noteholders. . No notice of demand by a Noteholder against Guarantor shall preclude a Noteholder from taking further action without notice of demand. 
 10. Obligations of Guarantor are Several and not Joint. Guarantor’s Guaranty hereunder and its related obligations are personal to each
Noteholder and not joint as to all Noteholders. 
 11. Representations and Warranties. Guarantor hereby represents and warrants as
follows: 
 (a) Guarantor has duly and validly executed and delivered this Guaranty. This Guaranty constitutes the legal, valid and binding
obligation of Guarantor, and is enforceable against Guarantor in accordance with its terms except as may be limited by (a) bankruptcy, insolvency, reorganization or other similar laws now or hereafter in effect relating to creditors’
rights generally, and (b) general equitable principles. 
 (b) The execution, delivery and performance of this Guaranty will not render
any Guarantor insolvent, nor is this Guaranty being made in contemplation of the Guarantor’s insolvency. 
 12. Waivers. The
failure of a party hereto at any time or times to require performance of any provision hereof shall in no manner affect its right at a later time to enforce the same. No delay in exercising any right shall operate as a waiver or impair such right.
No single or partial exercise of any right shall preclude any other or further exercise thereof or the exercise of any other right. 
 13.
Entire Understanding. This Agreement sets forth the entire agreement and understanding of the parties hereto with respect to the subject matter hereof and supersedes any and all prior agreements, arrangements and understandings among the
parties relating to the subject matter hereof. 
  

 5 

 14. Miscellaneous. THIS GUARANTY SHALL IN ALL RESPECTS BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE
WITH, THE LAWS OF THE STATE OF MARYLAND, EXCLUDING ALL CONFLICTS OF LAW PRINCIPLES AND CHOICE OF LAW RULES OF MARYLAND. This Guaranty shall be binding upon Guarantor and its successors, transferees and assigns and inure to the benefit of and be
enforceable by the respective successors, transferees, and assigns of the Noteholders, provided, however, that Guarantor may not delegate any of its obligations hereunder without the prior written consent of the applicable Noteholder to which it
relates. References to “Obligor” in this Guaranty shall be deemed to include any successors, transferees and assigns of Obligor (which, for the avoidance of doubt, shall include any substitute debtors as provided for in clause 7 of the
loan note instrument constituting the Notes) for such time as any of the Guaranteed Obligations remain outstanding. The headings in this Guaranty are for purposes of reference only, and shall not limit or otherwise affect the meaning hereof. This
Guaranty may be executed in any number of counterparts and by different parties hereto on separate counterparts, each executed counterpart constituting an original, but all of which together shall constitute one agreement. 
 [The remainder of this page has been left intentionally blank] 
  

 6 

 IN WITNESS WHEREOF, Guarantor has caused this Guaranty to be executed as of the date first above written.

  

			
	FTI CONSULTING, INC.
		
	By:	 	/s/ Eric Miller
	Name: Eric Miller
	Title: Senior Vice President and General Counsel

  

 7

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