Document:

Registration Rights Agreement, dated as of August 2, 2005

 Exhibit 10.2 
  
 FTI Consulting, Inc. 
  
 33⁄4% Convertible Senior Subordinated Notes due July 15, 2012 
  
 unconditionally guaranteed as to the 
 payment of principal, premium, if any, and interest by the 
 Guarantors named on Schedule I hereto 

 
 Registration Rights Agreement 
  
 August 2, 2005 
  
 Goldman, Sachs & Co., 
 85 Broad
Street 
 New York, New York 10004 
  
 Banc of America Securities LLC 
 9 West 57th Street 
 New York, New York 10019 
  
 Ladies and Gentlemen: 
  
 FTI Consulting, Inc., a Maryland corporation (the “Company”), proposes to issue and sell to the Purchasers
(as defined herein) upon the terms set forth in the Purchase Agreement (as defined herein) $150,000,000 in aggregate principal amount of its 33⁄4% Convertible Senior Subordinated Notes due July 15, 2012 (the “Securities”), which
are convertible into cash and, under certain circumstances, shares of Common Stock (as defined herein) upon the occurrence of certain circumstances under the terms of the Indenture (as defined herein). Each Security is entitled to the benefit of the
guarantees provided by the Guarantors (as defined herein) in the Indenture (the “Guarantees”) and, unless the context otherwise requires, any reference herein to a “Security” shall include a reference to the related
Guarantees. As an inducement to the Purchasers to enter into the Purchase Agreement and in satisfaction of a condition to the obligations of the Purchasers thereunder, the Company and the Guarantors (as defined herein) agree with the Purchasers for
the benefit of Holders (as defined herein) from time to time of the Registrable Securities (as defined herein) as follows: 
  
 1. Definitions. 
  
 (a) Capitalized terms used herein without definition shall have the meanings ascribed to them in the Purchase Agreement. As used in this Agreement, the
following defined terms shall have the following meanings: 
  
 “Affiliate” of any specified person means any other person which, directly or indirectly, is in control of, is controlled by, or is under common control with such specified person. For purposes of this definition, control
of a person means the power, direct or indirect, to direct or cause the direction of the management and policies of such person whether by contract or 

 
otherwise; and the terms “controlling” and “controlled” have meanings correlative to the foregoing. 
  
 The term “broker-dealer” shall mean any broker or dealer
registered with the Commission under the Exchange Act. 
  
 “Closing Date” means the First Time of Delivery as defined in the Purchase Agreement. 
  
 “Commission” means the United States Securities and Exchange Commission, or any other federal agency at the time administering the
Exchange Act or the Securities Act, whichever is the relevant statute for the particular purpose. 
  
 “Common Stock” means the Company’s common stock, par value $0.01 per share. 
  
 “DTC” means The Depository Trust Company. 
  
 “Effective Date” has the meaning assigned thereto in Section
2(b)(i) hereof 
  
 “Effective Failure” has the
meaning assigned thereto in Section 7(b) hereof. 
  
 “Effectiveness Period” has the meaning assigned thereto in Section 2(b)(i) hereof. 
  
 “Effective Time” means the time at which the Commission declares the Shelf Registration Statement effective or at which the Shelf
Registration Statement otherwise becomes effective. 
  
 “Electing Holder” has the meaning assigned thereto in Section 3(a)(iii) hereof. 
  
 “Exchange Act” means the United States Securities Exchange Act of 1934, or any successor thereto, as the same shall be amended from time
to time. 
  
 “Firm Securities” has the meaning
assigned thereto in the preamble hereof. 
  
 “Guarantors” shall have the meaning assigned thereto in the Indenture. 
  
 “Holder” means any person that is the record owner of Registrable Securities (and includes any person that has a beneficial interest in
any Registrable Security in book-entry form). 
  
 “Indenture” means the Indenture, dated as of August 2, 2005, among the Company, the Guarantors and Wilmington Trust Company, as trustee (the “Trustee”), as amended and supplemented from time to time in accordance
with its terms. 
  
 “Managing Underwriters” means
the investment banker or investment bankers and manager or managers that shall administer an underwritten offering, if any, conducted pursuant to Section 6 hereof. 
  
 “NASD Rules” means the Rules of the National Association of Securities Dealers, Inc., as amended from time
to time. 
  
 “Notice and Questionnaire” means a
Notice of Registration Statement and Selling Securityholder Questionnaire substantially in the form of Appendix A hereto. 
  

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 “Option Securities” has the meaning assigned thereto in the preamble hereof. 

 
 The term “person” shall mean a corporation, association,
partnership, organization, limited liability company, individual, government or political subdivision thereof or governmental agency. 
  
 “Prospectus” means the prospectus (including, without limitation, any preliminary prospectus, any final prospectus and any prospectus
that discloses information previously omitted from a prospectus filed as part of an effective registration statement in reliance upon Rule 430A under the Securities Act) included in the Shelf Registration Statement, as amended or supplemented by any
prospectus supplement with respect to the terms of the offering of any portion of the Registrable Securities covered by the Shelf Registration Statement and by all other amendments and supplements to such prospectus, including all material
incorporated by reference in such prospectus and all documents filed after the date of such prospectus by the Company under the Exchange Act and incorporated by reference therein. 
  
 “Purchase Agreement” means the purchase agreement, dated as of July 28, 2005, among the Purchasers, the
Company and the Guarantors relating to the Securities. 
  
 “Purchasers” means the Purchasers named in Schedule II to the Purchase Agreement. 
  
 “Registrable Securities” means all or any portion of the Securities issued from time to time under the Indenture in registered form and
the shares of Common Stock issuable upon conversion of such Securities; provided, however, that a security ceases to be a Registrable Security when it is no longer a Restricted Security. 
  
 “Registration Default” has the meaning assigned thereto in
Section 7(a) hereof. 
  
 “Restricted Security”
means any Security or share of Common Stock issuable upon conversion thereof except any such Security or share of Common Stock that (i) has been effectively registered under the Securities Act and sold in a manner contemplated by the Shelf
Registration Statement, (ii) has been transferred in compliance with Rule 144 under the Securities Act (or any successor provision thereto) or is transferable pursuant to paragraph (k) of such Rule 144 (or any successor provision thereto) or (iii)
has otherwise been transferred and a new Security or share of Common Stock not subject to transfer restrictions under the Securities Act has been delivered by or on behalf of the Company in accordance with Section 2.06 of the Indenture. 

 
 “Rules and Regulations” means the published rules and
regulations of the Commission promulgated under the Securities Act or the Exchange Act, as in effect at any relevant time. 
  
 “Securities” has the meaning assigned thereto in the preamble hereof. 
  
 “Securities Act” means the United States Securities Act of 1933, as amended. 
  
 “Shelf Registration” means a registration effected pursuant
to Section 2 hereof. 
  
 “Shelf Registration
Statement” means a “shelf” registration statement filed under the Securities Act providing for the registration of, and the sale on a continuous or delayed basis by the Holders of, all of the Registrable Securities pursuant to
Rule 415 under the Securities Act and/or any similar rule that may be adopted by the Commission, filed by the Company pursuant to the provisions of Section 2 of this Agreement, including the Prospectus contained therein, any 

  

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amendments and supplements to such registration statement, including post-effective amendments, and all exhibits and all material incorporated by reference
in such registration statement. 
  
 “Special
Interest” has the meaning assigned thereto in Section 7(a) hereof. 
  
 “Trust Indenture Act” means the Trust Indenture Act of 1939, or any successor thereto, and the rules, regulations and forms promulgated thereunder, as the same shall be amended from time to time.

  
 The term “underwriter” means any underwriter
of Registrable Securities in connection with an offering thereof under a Shelf Registration Statement. 
  
 (b) Wherever there is a reference in this Agreement to a percentage of the “principal amount” of Registrable Securities or to a percentage of
Registrable Securities, Common Stock shall be treated as representing the number of shares times the conversion price applicable upon conversion of the relevant Securities. 
  
 (c) Unless the context otherwise requires, any reference herein to a “Section” or “clause” refers to a
Section or clause, as the case may be, of this Registration Rights Agreement, and the words “herein,” “hereof” and “hereunder” and other words of similar import refer to this Registration Rights Agreement as a whole and
not to any particular Section or other subdivision. 
  
 2.
Shelf Registration. 
  
 (a) The Company and the Guarantors
shall, no later than 120 calendar days following the Closing Date, file with the Commission a Shelf Registration Statement relating to the offer and sale of the Registrable Securities by the Holders from time to time in accordance with the methods
of distribution elected by such Holders and set forth in such Shelf Registration Statement and, thereafter, shall use all commercially reasonable efforts to cause such Shelf Registration Statement to be declared effective under the Securities Act no
later than 210 calendar days following the Closing Date; provided, however, that no Holder shall be entitled to be named as a selling securityholder in the Shelf Registration Statement or to use the Prospectus forming a part thereof
for resales of Registrable Securities unless such Holder is an Electing Holder. 
  
 (b) The Company and the Guarantors shall use all commercially reasonable efforts: 
  
 (i) to keep the Shelf Registration Statement continuously effective under the Securities Act in order to permit the Prospectus forming a
part thereof to be usable by Holders until the earliest of (1) the sale of all outstanding Registrable Securities registered under the Shelf Registration Statement; (2) the expiration of the period referred to in Rule 144(k) of the Securities Act
with respect to all Registrable Securities held by Persons that are not Affiliates of the Company; and (3) two years from the date (the “Effective Date”) such Shelf Registration Statement is declared effective (such period being
referred to herein as the “Effectiveness Period”); 
  
 (ii) after the Effective Time of the Shelf Registration Statement, promptly upon the request of any Holder of Registrable Securities that is not then an Electing Holder, to take any action reasonably necessary to
enable such Holder to use the Prospectus forming a part thereof for resales of Registrable Securities, including, without 

  

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limitation, any action necessary to identify such Holder as a selling securityholder in the Shelf Registration Statement; provided, however, that
nothing in this subparagraph shall relieve such Holder of the obligation to return a completed and signed Notice and Questionnaire to the Company in accordance with Section 3(a)(ii) hereof; provided further, that the Company and the
Guarantors shall not be required to file more than one amendment or supplement to the Shelf Registration Statement or the Prospectus in any 30-day period following the Effective Time for the purpose of naming Holders as selling securityholders who
were not so named as of the Effective Time or of updating information concerning selling securityholders that was previously included in the Shelf Registration Statement or Prospectus; and 
  
 (iii) if at any time the Securities, pursuant to Article
8.09 of the Indenture, are convertible into securities other than Common Stock, to cause, or to cause any successor under the Indenture to cause, such securities to be included in the Shelf Registration Statement no later than the date on which the
Securities may then be convertible into such securities. 
  
 (c)
The Company and the Guarantors may suspend the use of the Prospectus for periods not to exceed 30 days in any 90-day period or an aggregate of 90 days in any 12-month period if the Board of Directors of the Company shall have determined in good
faith that because of valid business reasons (not including avoidance of the Company’s and the Guarantors’ obligations hereunder), including the acquisition or divestiture of assets, pending corporate developments and similar events,
including SEC review of the Company’s periodic reports filed with the SEC under the Exchange Act, it is in the best interests of the Company to suspend such use, and prior to suspending such use the Company provides the Holders with written
notice of such suspension, which notice need not specify the nature of the event giving rise to such suspension. 
  
 3. Registration Procedures. In connection with the Shelf Registration Statement, the following provisions shall apply: 
  
 (a) (i) Not less than 30 calendar days prior to the Effective Time of the
Shelf Registration Statement, the Company shall mail the Notice and Questionnaire to the Holders of Registrable Securities. No Holder shall be entitled to be named as a selling securityholder in the Shelf Registration Statement as of the Effective
Time, and no Holder shall be entitled to use the Prospectus forming a part thereof for resales of Registrable Securities at any time, unless such Holder has returned a completed and signed Notice and Questionnaire to the Company by the deadline for
response set forth therein; provided, however, Holders of Registrable Securities shall have at least 21 calendar days from the date on which the Notice and Questionnaire is first mailed to such Holders to return a completed and signed Notice
and Questionnaire to the Company. 
  
 (ii) After
the Effective Time of the Shelf Registration Statement, the Company shall, upon the request of any Holder of Registrable Securities that is not then an Electing Holder, promptly send a Notice and Questionnaire to such Holder. The Company shall not
be required to take any action to name such Holder as a selling securityholder in the Shelf Registration Statement or to enable such Holder to use the Prospectus forming a part thereof for resales of Registrable Securities until such Holder has
returned a completed and signed Notice and Questionnaire to the Company. 
  

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 (iii) The term “Electing Holder” shall mean any Holder of Registrable
Securities that has returned a completed and signed Notice and Questionnaire to the Company in accordance with Section 3(a)(i) or 3(a)(ii) hereof and the instructions set forth on the Notice and Questionnaire. 
  
 (b) The Company shall furnish to one representative of the Electing Holders,
prior to the Effective Time, a copy of the Shelf Registration Statement initially filed with the Commission, and shall furnish to such representative, prior to the filing thereof with the Commission, copies of each amendment thereto and each
amendment or supplement, if any, to the Prospectus included therein, and shall use all commercially reasonable efforts to reflect in each such document, at the Effective Time or when so filed with the Commission, as the case may be, such comments as
such representative and its counsel reasonably may propose. Unless and until the Company is advised otherwise in writing by a majority in aggregate principal amount of the Electing Holders, it shall be entitled to treat Latham & Watkins LLP as
the one representative of the Electing Holders. 
  
 (c) The
Company shall promptly take such action as may be necessary so that (i) each of the Shelf Registration Statement and any amendment thereto and the Prospectus forming a part thereof and any amendment or supplement thereto (and each report or other
document incorporated therein by reference in each case) complies in all material respects with the Securities Act and the Exchange Act and the respective rules and regulations thereunder, (ii) each of the Shelf Registration Statement and any
amendment thereto does not, when it becomes effective, contain an untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary to make the statements therein not misleading and (iii) each of the
Prospectus forming a part of the Shelf Registration Statement, and any amendment or supplement to such Prospectus, does not at any time during the Effectiveness Period include an untrue statement of a material fact or omit to state a material fact
necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading. 
  
 (d) The Company shall promptly advise each Electing Holder, and shall confirm such advice in writing if so requested by any such Electing Holder:

  
 (i) when a Shelf Registration Statement and
any amendment thereto has been filed with the Commission and when a Shelf Registration Statement or any post-effective amendment thereto has become effective; 
  

(ii) of any request by the Commission for amendments or supplements to the Shelf Registration Statement or the Prospectus included
therein or for additional information; 
  
 (iii)
of the issuance by the Commission of any stop order suspending the effectiveness of the Shelf Registration Statement or the initiation of any proceedings for such purpose; 
  
 (iv) of the receipt by the Company of any notification with respect to the suspension of the qualification
of the securities included in the Shelf Registration Statement for sale in any jurisdiction or the initiation of any proceeding for such purpose; and 
  
 (v) of the occurrence of any event or the existence of any state of facts that requires the making of any changes in the Shelf
Registration Statement or the 

  

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Prospectus included therein so that, as of such date, such Shelf Registration Statement and Prospectus do not contain an untrue statement of a material fact
and do not omit to state a material fact required to be stated therein or necessary to make the statements therein (in the case of the Prospectus, in light of the circumstances under which they were made) not misleading (which advice shall be
accompanied by an instruction to such Holders to suspend the use of the Prospectus until the requisite changes have been made but which notice need not specify the nature of the event giving rise to such suspension). 
  
 (e) The Company shall use all commercially reasonable efforts to prevent the
issuance, and if issued to obtain the withdrawal at the earliest possible time, of any order suspending the effectiveness of the Shelf Registration Statement. 
  

(f) The Company shall furnish to each Electing Holder, without charge, at least one copy of the Shelf Registration Statement and all post-effective
amendments thereto, including financial statements and schedules, and, if such Electing Holder so requests in writing, all reports, other documents and exhibits that are filed with or incorporated by reference in the Shelf Registration Statement.

  
 (g) The Company shall, during the Effectiveness Period,
deliver to each Electing Holder, without charge, as many copies of the Prospectus (including each preliminary Prospectus) included in the Shelf Registration Statement and any amendment or supplement thereto as such Electing Holder may reasonably
request; and the Company consents (except during the periods specified in Section 2(c) above or during the continuance of any event or the existence of any state of facts described in Section 3(d)(v) above) to the use of the Prospectus and any
amendment or supplement thereto by each of the Electing Holders in connection with the offering and sale of the Registrable Securities covered by the Prospectus and any amendment or supplement thereto during the Effectiveness Period. 
  
 (h) Prior to any offering of Registrable Securities pursuant to the Shelf
Registration Statement, the Company and the Guarantors shall (i) register or qualify or cooperate with the Electing Holders and their respective counsel in connection with the registration or qualification of such Registrable Securities for offer
and sale under the securities or “blue sky” laws of such jurisdictions within the United States as any Electing Holder may reasonably request, (ii) keep such registrations or qualifications in effect and comply with such laws so as to
permit the continuance of offers and sales in such jurisdictions for so long as may be necessary to enable any Electing Holder or underwriter, if any, to complete its distribution of Registrable Securities pursuant to the Shelf Registration
Statement, and (iii) take any and all other actions reasonably necessary to enable the disposition in such jurisdictions of such Registrable Securities; provided, however, that in no event shall the Company or any of the Guarantors be
obligated to (A) qualify as a foreign corporation or as a dealer in securities in any jurisdiction where it would not otherwise be required to so qualify but for this Section 3(h), (B) file any general consent to service of process in any
jurisdiction where it is not as of the date hereof so subject or (C) make any changes to its articles of incorporation or by-laws or other governing documents or any agreement between it and its stockholders. 
  
 (i) Unless any Registrable Securities shall be in book-entry only form, the
Company shall cooperate with the Electing Holders to facilitate the timely preparation and delivery of certificates representing Registrable Securities to be sold pursuant to the Shelf Registration Statement, which certificates, if so required by
any securities exchange upon which any Registrable Securities are listed, shall be penned, lithographed or engraved, or produced by any 

  

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combination of such methods, on steel engraved borders, and which certificates shall be free of any restrictive legends and in such permitted denominations
and registered in such names as Electing Holders may request in connection with the sale of Registrable Securities pursuant to the Shelf Registration Statement. 
  

(j) Upon the occurrence of any event or the existence of any state of facts contemplated by paragraph 3(d)(v) above, the Company shall promptly prepare
a post-effective amendment to any Shelf Registration Statement or an amendment or supplement to the related Prospectus or file any other required document so that, as thereafter delivered to purchasers of the Registrable Securities included therein,
the Prospectus will not include an untrue statement of a material fact or omit to state any material fact necessary to make the statements therein, in the light of the circumstances under which they were made, not misleading. If the Company notifies
the Electing Holders of the occurrence of any event or the existence of any state of facts contemplated by paragraph 3(d)(v) above, the Electing Holder shall suspend the use of the Prospectus until the requisite changes to the Prospectus have been
made. 
  
 (k) Not later than the Effective Time of the Shelf
Registration Statement, the Company shall provide a CUSIP number for the Registrable Securities that are debt securities. 
  
 (l) The Company shall use all commercially reasonable efforts to comply with all applicable Rules and Regulations, and to make generally available to its
securityholders as soon as practicable, but in any event not later than eighteen months after (i) the effective date (as defined in Rule 158(c) under the Securities Act) of the Shelf Registration Statement, (ii) the effective date of each
post-effective amendment to the Shelf Registration Statement, and (iii) the date of each filing by the Company with the Commission of an Annual Report on Form 10-K that is incorporated by reference in the Shelf Registration Statement, an earning
statement of the Company and its subsidiaries complying with Section 11(a) of the Securities Act and the rules and regulations of the Commission thereunder (including, at the option of the Company, Rule 158). 
  
 (m) Not later than the Effective Time of the Shelf Registration Statement,
the Company shall cause the Indenture to be qualified under the Trust Indenture Act; in connection with such qualification, the Company shall cooperate with the Trustee under the Indenture and the Holders (as defined in the Indenture) to effect such
changes to the Indenture as may be required for such Indenture to be so qualified in accordance with the terms of the Trust Indenture Act; and the Company shall execute, and shall use all commercially reasonable efforts to cause the Trustee to
execute, all documents that may be required to effect such changes and all other forms and documents required to be filed with the Commission to enable such Indenture to be so qualified in a timely manner. In the event that any such amendment or
modification referred to in this Section 3(m) involves the appointment of a new trustee under the Indenture, the Company shall appoint a new trustee thereunder pursuant to the applicable provisions of the Indenture. 
  
 (n) In the event of an underwritten offering conducted pursuant to Section 6
hereof, the Company shall, if requested, promptly include or incorporate in a Prospectus supplement or post-effective amendment to the Shelf Registration Statement such information as the Managing Underwriters reasonably agree should be included
therein and to which the Company does not reasonably object and shall make all required filings of such Prospectus supplement or post-effective amendment as soon as practicable after it is notified of the matters to be included or incorporated in
such Prospectus supplement or post-effective amendment. 
  

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 (o) The Company shall enter into such customary agreements (including an underwriting agreement in
customary form in the event of an underwritten offering conducted pursuant to Section 6 hereof) and take all other appropriate action in order to expedite and facilitate the registration and disposition of the Registrable Securities, and in
connection therewith, if an underwriting agreement is entered into, cause the same to contain indemnification provisions and procedures substantially identical to those set forth in Section 5 hereof with respect to all parties to be indemnified
pursuant to Section 5 hereof. 
  
 (p) The Company shall:

  
 (i) (A) make reasonably available for
inspection by the Electing Holders, any underwriter participating in any disposition pursuant to the Shelf Registration Statement, and any attorney, accountant or other agent retained by such Electing Holders or any such underwriter all relevant
financial and other records, pertinent corporate documents and properties of the Company and its subsidiaries, and (B) cause the Company’s officers, directors and employees to supply all information reasonably requested by such Electing Holders
or any such underwriter, attorney, accountant or agent in connection with the Shelf Registration Statement, in each case, as is customary for similar due diligence examinations; provided, however, that all records, information and
documents that are designated in writing by the Company, in good faith, as confidential shall be kept confidential by such Electing Holders and any such underwriter, attorney, accountant or agent, unless such disclosure is made in connection with a
court proceeding or required by law, or such records, information or documents become available to the public generally or through a third party without an accompanying obligation of confidentiality; provided further, that such inspection and
information gathering shall be coordinated on behalf of the Electing Holders and the other parties entitled thereto by one counsel designated by and on behalf of the Electing Holders and other parties; 
  
 (ii) in connection with any underwritten offering conducted
pursuant to Section 6 hereof, make such representations and warranties to the Electing Holders participating in such underwritten offering and to the Managing Underwriters, covering those matters set forth in the Purchase Agreement; 
  
 (iii) in connection with any underwritten offering conducted
pursuant to Section 6 hereof, obtain opinions of counsel to the Company (which counsel and opinions (in form, scope and substance) shall be reasonably satisfactory to the Managing Underwriters) addressed to each Electing Holder participating in such
underwritten offering and the underwriters, covering such matters as are customarily covered in opinions requested in primary underwritten offerings of equity and convertible debt securities and such other matters as may be reasonably requested by
such Electing Holders and underwriters (it being agreed that the matters to be covered by such opinions shall include, without limitation, as of the date of the opinion and as of the Effective Time of the Shelf Registration Statement or most recent
post-effective amendment thereto, as the case may be, the absence from the Shelf Registration Statement and the Prospectus, including the documents incorporated by reference therein, of an untrue statement of a material fact or the omission of a
material fact required to be stated therein or necessary to make the statements therein not misleading); 
  
 (iv) in connection with any underwritten offering conducted pursuant to Section 6 hereof, obtain “cold comfort” letters and
updates thereof from the independent 

  

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public accountants of the Company (and, if necessary, from the independent public accountants of any subsidiary of the Company or of any business acquired by
the Company for which financial statements and financial data are, or are required to be, included in the Shelf Registration Statement), addressed to each Electing Holder participating in such underwritten offering (if such Electing Holder has
provided such letter, representations or documentation, if any, required for such cold comfort letter to be so addressed) and the underwriters, in customary form and covering matters of the type customarily covered in “cold comfort”
letters in connection with primary underwritten offerings; 
  
 (v) in connection with any underwritten offering conducted pursuant to Section 6 hereof, deliver such documents and certificates as may be reasonably requested by any Electing Holders participating in such
underwritten offering and the Managing Underwriters, if any, including, without limitation, certificates to evidence compliance with Section 3(j) hereof and with any conditions contained in the underwriting agreement or other agreements entered into
by the Company. 
  
 (q) The Company will use all commercially
reasonable efforts to cause the Common Stock issuable upon conversion of the Securities to be listed on the New York Stock Exchange or other stock exchange or trading system on which the Common Stock primarily trades on or prior to the Effective
Time of the Shelf Registration Statement hereunder. 
  
 (r) In the
event that any broker-dealer registered under the Exchange Act shall be an “affiliate” (as defined in Rule 2720(b)(1) of the NASD Rules (or any successor provision thereto)) of the Company or has a “conflict of interest” (as
defined in Rule 2720(b)(7) of the NASD Rules (or any successor provision thereto)) and such broker-dealer shall underwrite, participate as a member of an underwriting syndicate or selling group or assist in the distribution of any Registrable
Securities covered by the Shelf Registration Statement, whether as a Holder of such Registrable Securities or as an underwriter, a placement or sales agent or a broker or dealer in respect thereof, or otherwise, the Company shall assist such
broker-dealer in complying with the requirements of the NASD Rules, including, without limitation, by (A) engaging a “qualified independent underwriter” (as defined in Rule 2720(b)(15) of the NASD Rules (or any successor provision
thereto)) to participate in the preparation of the registration statement relating to such Registrable Securities, to exercise usual standards of due diligence in respect thereto and to recommend the public offering price of such Registrable
Securities, (B) indemnifying such qualified independent underwriter to the extent of the indemnification of underwriters provided in Section 5 hereof, and (C) providing such information to such broker-dealer as may be required in order for such
broker-dealer to comply with the requirements of the NASD Rules. 
  
 (s) The Company shall use all commercially reasonable efforts to take all other steps necessary to effect the registration, offering and sale of the Registrable Securities covered by the Shelf Registration Statement contemplated hereby.

  
 4. Registration Expenses. Except as otherwise provided
in Section 3, the Company and the Guarantors shall bear all fees and expenses incurred in connection with the performance of their obligations under Sections 2, 3 and 6 hereof and shall bear or reimburse the Electing Holders for the reasonable fees
and disbursements of a single counsel selected by a plurality of all Electing Holders who own an aggregate of not less than 25% of the principal amount (in the case of Common Stock, determined as the product of the number of shares times the
conversion price applicable upon conversion of the relevant Securities) of the 

  

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Registrable Securities covered by the Shelf Registration Statement to act as counsel therefore in connection therewith. Each Electing Holder shall pay all
underwriting discounts and commissions and transfer taxes, if any, relating to the sale or disposition of such Electing Holder’s Registrable Securities pursuant to the Shelf Registration Statement. 
  
 5. Indemnification and Contribution. 
  
 (a) Indemnification by the Company and the Guarantors. Upon the
registration of the Registrable Securities pursuant to Section 2 hereof, the Company and the Guarantors, jointly and severally, shall indemnify and hold harmless each Electing Holder and each underwriter, selling agent or other securities
professional, if any, which facilitates the disposition of Registrable Securities, and each of their respective officers and directors and each person who controls such Electing Holder, underwriter, selling agent or other securities professional
within the meaning of Section 15 of the Securities Act or Section 20 of the Exchange Act (each such person being sometimes referred to as an “Indemnified Person”) against any losses, claims, damages or liabilities, joint or several, to
which such Indemnified Person may become subject under the Securities Act or otherwise, insofar as such losses, claims, damages or liabilities (or actions in respect thereof) arise out of or are based upon an untrue statement or alleged untrue
statement of a material fact contained in any Shelf Registration Statement under which such Registrable Securities are to be registered under the Securities Act, or any Prospectus contained therein or furnished by the Company to any Indemnified
Person, or any amendment or supplement thereto, or arise out of or are based upon the omission or alleged omission to state therein a material fact required to be stated therein or necessary to make the statements therein not misleading, and the
Company hereby agrees to reimburse such Indemnified Person for any legal or other expenses reasonably incurred by them in connection with investigating or defending any such action or claim as such expenses are incurred; provided, however,
that the foregoing indemnity agreement with respect to losses, claims, damages or liabilities shall not inure to the benefit of any Indemnified Person to the extent that any such loss, claim, damage or liability results from (i) an untrue statement
or alleged untrue statement of material fact in a preliminary prospectus or (ii) the omission or alleged omission to state in the preliminary prospectus a material fact necessary in order to make the statements therein, in light of the circumstances
under which they were made, not misleading, if: (1) the Company furnished sufficient copies of the related final prospectus, as then amended or supplemented, within a reasonable amount of time prior to the applicable sale or the written confirmation
of such sale in order to permit delivery of the final prospectus, as then amended or supplemented, to all persons purchasing Registrable Securities (each such person, a “Purchaser”) at or prior to the sale or written confirmation of
the sale of such Registrable Securities to such Purchaser; (2) the Indemnified Person failed to deliver or cause to be delivered a copy of such final prospectus, as then amended or supplemented, to the Purchaser, and (3) the final prospectus, as
then amended or supplemented, would have cured the defect giving rise to such losses, claims, damages, liabilities or judgments; provided further, that the neither the Company nor any of the Guarantors shall be liable to any such
Indemnified Person in any such case to the extent that any such loss, claim, damage or liability arises out of or is based upon an untrue statement or alleged untrue statement or omission or alleged omission made in such Shelf Registration Statement
or Prospectus, or amendment or supplement, in reliance upon and in conformity with written information furnished to the Company by such Indemnified Person expressly for use therein. 
  
 (b) Indemnification by the Electing Holders and any Agents and Underwriters. Each Electing Holder agrees, as a
consequence of the inclusion of any of such Electing Holder’s Registrable Securities in such Shelf Registration Statement, and each underwriter, selling agent 

  

 11 

 
or other securities professional, if any, which facilitates the disposition of Registrable Securities shall agree, as a consequence of facilitating such
disposition of Registrable Securities, severally and not jointly, to (i) indemnify and hold harmless the Company, the Guarantors, their respective directors, officers who sign any Shelf Registration Statement and each person, if any, who controls
the Company within the meaning of either Section 15 of the Securities Act or Section 20 of the Exchange Act, against any losses, claims, damages or liabilities to which the Company, the Guarantors or such other persons may become subject, under the
Securities Act or otherwise, insofar as such losses, claims, damages or liabilities (or actions in respect thereof) arise out of or are based upon an untrue statement or alleged untrue statement of a material fact contained in such Shelf
Registration Statement or Prospectus, or any amendment or supplement, or arise out of or are based upon the omission or alleged omission to state therein a material fact required to be stated therein or necessary to make the statements therein not
misleading, in each case to the extent, but only to the extent, that such untrue statement or alleged untrue statement or omission or alleged omission was made in reliance upon and in conformity with written information furnished to the Company by
such Electing Holder, underwriter, selling agent or other securities professional expressly for use therein, and (ii) reimburse the Company and the Guarantors for any legal or other expenses reasonably incurred by the Company and the Guarantors in
connection with investigating or defending any such action or claim as such expenses are incurred. 
  
 (c) Notices of Claims, Etc. Promptly after receipt by an indemnified party under subsection (a) or (b) above of notice of the commencement of any
action, such indemnified party shall, if a claim in respect thereof is to be made against an indemnifying party under this Section 5, notify such indemnifying party in writing of the commencement thereof; but the omission so to notify the
indemnifying party shall not relieve it from any liability which it may have to any indemnified party otherwise than under the indemnification provisions of or contemplated by subsection (a) or (b) above. In case any such action shall be brought
against any indemnified party and it shall notify an indemnifying party of the commencement thereof, such indemnifying party shall be entitled to participate therein and, to the extent that it shall wish, jointly with any other indemnifying party
similarly notified, to assume the defense thereof, with counsel satisfactory to such indemnified party (who shall not, except with the consent of the indemnified party, be counsel to the indemnifying party), and, after notice from the indemnifying
party to such indemnified party of its election so to assume the defense thereof, such indemnifying party shall not be liable to such indemnified party under this Section 5 for any legal expenses of other counsel or any other expenses, in each case
subsequently incurred by such indemnified party, in connection with the defense thereof other than reasonable costs of investigation. No indemnifying party shall, without the written consent of the indemnified party, effect the settlement or
compromise of, or consent to the entry of any judgment with respect to, any pending or threatened action or claim in respect of which indemnification or contribution may be sought hereunder (whether or not the indemnified party is an actual or
potential party to such action or claim) unless such settlement, compromise or judgment (i) includes an unconditional release of the indemnified party from all liability arising out of such action or claim and (ii) does not include a statement as
to, or an admission of, fault, culpability or a failure to act, by or on behalf of any indemnified party. 
  
 (d) Contribution. If the indemnification provided for in this Section 5 is unavailable to or insufficient to hold harmless an indemnified party
under subsection (a) or (b) above in respect of any losses, claims, damages or liabilities (or actions in respect thereof) referred to therein, then each indemnifying party shall contribute to the amount paid or payable by such indemnified party as
a result of such losses, claims, damages or liabilities (or actions in respect thereof) in such proportion as is appropriate to reflect the relative fault of the indemnifying party and the 

  

 12 

 
indemnified party in connection with the statements or omissions which resulted in such losses, claims, damages or liabilities (or actions in respect
thereof), as well as any other relevant equitable considerations. The relative fault of such indemnifying party and indemnified party shall be determined by reference to, among other things, whether the untrue or alleged untrue statement of a
material fact or omission or alleged omission to state a material fact relates to information supplied by such indemnifying party or by such indemnified party, and the parties’ relative intent, knowledge, access to information and opportunity
to correct or prevent such statement or omission. The parties hereto agree that it would not be just and equitable if contribution pursuant to this Section 5(d) were determined by pro rata allocation (even if the Electing Holders or any
underwriters, selling agents or other securities professionals or all of them were treated as one entity for such purpose) or by any other method of allocation which does not take account of the equitable considerations referred to in this Section
5(d). The amount paid or payable by an indemnified party as a result of the losses, claims, damages or liabilities (or actions in respect thereof) referred to above shall be deemed to include any legal or other fees or expenses reasonably incurred
by such indemnified party in connection with investigating or defending any such action or claim. No person guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the Securities Act) shall be entitled to contribution from any
person who was not guilty of such fraudulent misrepresentation. The obligations of the Electing Holders and any underwriters, selling agents or other securities professionals in this Section 5(d) to contribute shall be several in proportion to the
percentage of principal amount of Registrable Securities registered or underwritten, as the case may be, by them and not joint. 
  
 (e) Notwithstanding any other provision of this Section 5, in no event will any (i) Electing Holder be required to undertake liability to any person under
this Section 5 for any amounts in excess of the dollar amount of the proceeds to be received by such Holder from the sale of such Holder’s Registrable Securities (after deducting any fees, discounts and commissions applicable thereto) pursuant
to any Shelf Registration Statement under which such Registrable Securities are to be registered under the Securities Act and (ii) underwriter, selling agent or other securities professional be required to undertake liability to any person hereunder
for any amounts in excess of the discount, commission or other compensation payable to such underwriter, selling agent or other securities professional with respect to the Registrable Securities underwritten by it and distributed to the public.

  
 (f) The obligations of the Company and the Guarantors under
this Section 5 shall be in addition to any liability which the Company and the Guarantors may otherwise have to any Indemnified Person and the obligations of any Indemnified Person under this Section 5 shall be in addition to any liability which
such Indemnified Person may otherwise have to the Company or any of the Guarantors. The remedies provided in this Section 5 are not exclusive and shall not limit any rights or remedies which may otherwise be available to an indemnified party at law
or in equity. 
  
 6. Underwritten Offering. Any Holder of
Registrable Securities who desires to do so may sell Registrable Securities (in whole or in part) in an underwritten offering; provided that (i) the Electing Holders of at least 33-1/3% in aggregate principal amount (in the case of Common
Stock, determined as the number of shares times the conversion price applicable upon conversion of the relevant Securities) of the Registrable Securities then covered by the Shelf Registration Statement shall request such an offering and (ii) at
least such aggregate principal amount of such Registrable Securities shall be included in such offering; and provided further that the Company shall not be obligated to cooperate with more than one underwritten offering during the
Effectiveness Period. Upon receipt of such a request, the Company shall provide all 

  

 13 

 
Holders of Registrable Securities written notice of the request, which notice shall inform such Holders that they have the opportunity to participate in the
offering. In any such underwritten offering, the investment banker or bankers and manager or managers that will administer the offering will be selected by, and the underwriting arrangements with respect thereto (including the size of the offering)
will be approved by, the holders of a majority of the Registrable Securities to be included in such offering; provided, however, that such investment bankers and managers and underwriting arrangements must be reasonably satisfactory to
the Company. No Holder may participate in any underwritten offering contemplated hereby unless (a) such Holder agrees to sell such Holder’s Registrable Securities to be included in the underwritten offering in accordance with any approved
underwriting arrangements, (b) such Holder completes and executes all reasonable questionnaires, powers of attorney, indemnities, underwriting agreements, lock-up letters and other documents required under the terms of such approved underwriting
arrangements, and (c) if such Holder is not then an Electing Holder, such Holder returns a completed and signed Notice and Questionnaire to the Company in accordance with Section 3(a)(ii) hereof within a reasonable amount of time before such
underwritten offering. The Holders participating in any underwritten offering shall be responsible for any underwriting discounts and commissions and fees and, subject to Section 4 hereof, expenses of their own counsel. The Company shall pay all
expenses customarily borne by issuers in an underwritten offering, including but not limited to filing fees, the reasonable fees and disbursements of its counsel and independent public accountants and any printing expenses incurred in connection
with such underwritten offering. Notwithstanding the foregoing or the provisions of Section 3(n) hereof, upon receipt of a request from the Managing Underwriter or a representative of holders of a majority of the Registrable Securities to be
included in an underwritten offering to prepare and file an amendment or supplement to the Shelf Registration Statement and Prospectus in connection with an underwritten offering, the Company may delay the filing of any such amendment or supplement
for up to 90 days if the Board of Directors of the Company shall have determined in good faith that the Company has a bona fide business reason for such delay. 
  

7. Special Interest. 
  
 (a) If (i) on or prior to the 120th day following the Closing Date, a Shelf Registration Statement has not been filed with the Commission or (ii) on or
prior to the 210th day following the Closing Date, such Shelf Registration Statement is not declared effective by the Commission (each, a “Registration Default”), the Company shall be required to pay liquidated damages
(“Special Interest”), from and including the day following such Registration Default until such Shelf Registration Statement is either so filed or so filed and subsequently declared effective, as applicable, at a rate per annum
equal to an additional one-quarter of one percent (0.25%) of the principal amount of Registrable Securities, to and including the 90th day following such Registration Default and one-half of one percent (0.50%) thereof from and after the 91st day
following such Registration Default. 
  
 (b) In the event that (i)
the Shelf Registration Statement ceases to be effective or (ii) the Holders are otherwise prevented or restricted by the Company from effecting sales pursuant to the Shelf Registration Statement (an “Effective Failure”) for more
than 30 days, whether or not consecutive, in any 90-day period, or for more than 90 days, whether or not consecutive, during any 12-month period, then the Company shall pay Special Interest at a rate per annum equal to an additional one-half of one
percent (0.50%) of the principal amount of Registrable Securities from the 31st day of the applicable 90-day period
or the 91st day of the applicable 12-month period, as the case may be, that any such Effective Failure has existed until the earlier of (1) the time the Shelf Registration Statement again becomes effective or the Holders of 

  

 14 

 
Registrable Securities are again able to make sales under the Shelf Registration Statement, as applicable, or (2) the expiration of the Effectiveness Period.

  
 (c) Any amounts to be paid as Special Interest pursuant to
paragraphs (a) or (b) of this Section 7 shall be paid in cash semi-annually in arrears, with the first semi-annual payment due on the first Interest Payment Date (as defined in the Indenture), as applicable, following the date of such Registration
Default or Effective Failure, as applicable. Such Special Interest will accrue in respect of the Securities at the rates set forth in paragraphs (a) or (b) of this Section 7, as applicable, on the principal amount of the Securities. 
  
 (d) Except as provided in Section 8(b) hereof, the Special Interest as set
forth in this Section 7 shall be the exclusive monetary remedy available to the Holders of Registrable Securities for such Registration Default or Effective Failure. In no event shall the Company be required to pay Special Interest in excess of the
applicable maximum amount of one-half of one percent (0.50%) set forth above, regardless of whether one or multiple Registration Defaults or Effective Failures exist. 
  
 8. Miscellaneous. 
  
 (a) Other Registration Rights. The Company may grant registration rights that would permit any person that is a third party the right to piggy-back
on any Shelf Registration Statement, provided that if the Managing Underwriter of any underwritten offering conducted pursuant to Section 6 hereof notifies the Company and the Electing Holders that the total amount of securities which the
Electing Holders and the holders of such piggy-back rights intend to include in any Shelf Registration Statement is so large as to materially threaten the success of such offering (including the price at which such securities can be sold), then the
amount, number or kind of securities to be offered for the account of holders of such piggy-back rights will be reduced to the extent necessary to reduce the total amount of securities to be included in such offering to the amount, number and kind
recommended by the Managing Underwriter prior to any reduction in the amount of Registrable Securities to be included in such Shelf Registration Statement. 
  
 (b) Specific Performance. The parties hereto acknowledge that there would be no adequate remedy at law if the Company fails to perform any of its
obligations hereunder and that the Purchasers and the Holders from time to time may be irreparably harmed by any such failure, and accordingly agree that the Purchasers and such Holders, in addition to any other remedy to which they may be entitled
at law or in equity and without limiting the remedies available to the Electing Holders under Section 7 hereof, shall be entitled to compel specific performance of the obligations of the Company under this Registration Rights Agreement in accordance
with the terms and conditions of this Registration Rights Agreement, in any court of the United States or any State thereof having jurisdiction. 
  
 (c) Amendments and Waivers. This Agreement, including this Section 8(c), may be amended, and waivers or consents to departures from the provisions
hereof may be given, only by a written instrument duly executed by the Company and the holders of a majority in aggregate principal amount of Registrable Securities then outstanding. Each Holder of Registrable Securities outstanding at the time of
any such amendment, waiver or consent or thereafter shall be bound by any amendment, waiver or consent effected pursuant to this Section 8(c), whether or not any notice, writing or marking indicating such amendment, waiver or consent appears on the
Registrable Securities or is delivered to such Holder. 
  

 15 

 (d) Notices. All notices and other communications provided for or permitted hereunder shall be
given as provided in the Indenture. 
  
 (e) Parties in
Interest. The parties to this Agreement intend that all Holders of Registrable Securities shall be entitled to receive the benefits of this Agreement and that any Electing Holder shall be bound by the terms and provisions of this Agreement by
reason of such election with respect to the Registrable Securities which are included in a Shelf Registration Statement. All the terms and provisions of this Agreement shall be binding upon, shall inure to the benefit of and shall be enforceable by
the respective successors and assigns of the parties hereto and any Holder from time to time of the Registrable Securities to the aforesaid extent. In the event that any transferee of any Holder of Registrable Securities shall acquire Registrable
Securities, in any manner, whether by gift, bequest, purchase, operation of law or otherwise, such transferee shall, without any further writing or action of any kind, be entitled to receive the benefits of and, if an Electing Holder, be
conclusively deemed to have agreed to be bound by and to perform all of the terms and provisions of this Agreement to the aforesaid extent. 
  
 (f) Counterparts. This Agreement may be executed in any number of counterparts and by the parties hereto in separate counterparts, each of which
when so executed shall be deemed to be an original and all of which taken together shall constitute one and the same agreement. 
  
 (g) Headings. The headings in this Agreement are for convenience of reference only and shall not limit or otherwise affect the meaning hereof.

  
 (h) Governing
Law. This Agreement shall be governed by and construed in accordance with the laws of the State of New York. 
  
 (i) Severability. In the event that any one or more of the provisions contained herein, or the application thereof in any circumstances, is held
invalid, illegal or unenforceable in any respect for any reason, the validity, legality and enforceability of any such provision in every other respect and of the remaining provisions hereof shall not be in any way impaired or affected thereby, it
being intended that all of the rights and privileges of the parties hereto shall be enforceable to the fullest extent permitted by law. 
  
 (j) Survival. The respective indemnities, agreements, representations, warranties and other provisions set forth in this Agreement or made pursuant
hereto shall remain in full force and effect, regardless of any investigation (or any statement as to the results thereof) made by or on behalf of any Electing Holder, any director, officer or partner of such Holder, any agent or underwriter, any
director, officer or partner of such agent or underwriter, or any controlling person of any of the foregoing, and shall survive the transfer and registration of the Registrable Securities of such Holder. 
  
 Please confirm that the foregoing correctly sets forth the agreement between
the Company and you. 
  

 16 

					
	        Very truly yours,
	
	 FTI CONSULTING, INC.

		
	By:	 	/S/    THEODORE I.
PINCUS        
	 	 	 Name:
	 	Theodore I. Pincus
	 	 	 Title:
	 	Executive V.P., CFO & Treasurer
	
	 FTI, LLC

		
	By:	 	/S/    THEODORE I.
PINCUS        
	 	 	 Name:
	 	Theodore I. Pincus
	 	 	 Title:
	 	CFO & Treasurer
	
	 FTI REPOSITORY SERVICES, LLC

		
	By:	 	/S/    THEODORE I.
PINCUS        
	 	 	 Name:
	 	Theodore I. Pincus
	 	 	 Title:
	 	CFO & Treasurer
	
	 LEXECON, LLC

		
	By:	 	/S/    THEODORE I.
PINCUS        
	 	 	 Name:
	 	Theodore I. Pincus
	 	 	 Title:
	 	CFO & Treasurer
	
	 TECHNOLOGY & FINANCIAL CONSULTING, INC.

		
	By:	 	/S/    THEODORE I.
PINCUS        
	 	 	 Name:
	 	Theodore I. Pincus
	 	 	 Title:
	 	CFO & Treasurer

  

 17 

					
	
	 TEKLICON, INC.

		
	By:	 	/S/    THEODORE I.
PINCUS        
	 	 	 Name:
	 	Theodore I. Pincus
	 	 	 Title:
	 	CFO & Treasurer
	
	 FTI CAMBIO, LLC

		
	By:	 	/S/    THEODORE I.
PINCUS        
	 	 	 Name:
	 	Theodore I. Pincus
	 	 	 Title:
	 	CFO & Treasurer
	
	 FTI IP, LLC

		
	By:	 	/S/    THEODORE I.
PINCUS        
	 	 	 Name:
	 	Theodore I. Pincus
	 	 	 Title:
	 	CFO & Treasurer

  
 Accepted as of the date hereof:

  

					
	 GOLDMAN, SACHS & CO.

		
	By:	 	/s/ Goldman, Sachs & Co.
	 	 	      (Goldman, Sachs & Co.)

	
	 BANC OF AMERICA SECURITIES LLC

		
	By:	 	 /s/    THOMAS
MORRISON        

	 	 	 Name:
	 	Thomas Morrison
	 	 	 Title:
	 	Managing Director

  

 18 

 Appendix A 
  

FTI Consulting, Inc. 
  
 INSTRUCTION TO DTC PARTICIPANTS 
  
 (Date of Mailing) 
  
 URGENT—IMMEDIATE ATTENTION REQUESTED 
  
 DEADLINE FOR RESPONSE: [DATE] 
  
 The Depository Trust Company (“DTC”) has identified you as a DTC Participant through which beneficial interests in the FTI Consulting, Inc. (the
“Company”) 33⁄4% Convertible Senior Subordinated Notes due July 15, 2012 (the “Securities”) are held. 
  
 The Company is in the process of registering the Securities under the Securities Act of 1933 for resale by the beneficial owners thereof. In order to have
their Securities included in the registration statement, beneficial owners must complete and return the enclosed Notice of Registration Statement and Selling Securityholder Questionnaire. 
  
 It is important that beneficial owners of the Securities receive a copy of the enclosed materials as soon as possible
as their rights to have the Securities included in the registration statement depend upon their returning the Notice and Questionnaire by [Deadline For Response]. Please forward a copy of the enclosed documents to each beneficial owner that
holds interests in the Securities through you. If you require more copies of the enclosed materials or have any questions pertaining to this matter, please contact FTI Consulting, Inc., 900 Bestgate Road, Suite 100, Annapolis, Maryland 21401,
telephone no.: (410) 224-8770. 
  

 A-1 

 NOTICE OF REGISTRATION STATEMENT AND SELLING SECURITYHOLDER QUESTIONNAIRE 
  
 FTI CONSULTING, INC. 
 Notice of Registration Statement 
 and
 
 Selling Securityholder Questionnaire 
  
                      ,
2005 
  
 FTI Consulting, Inc. (the “Company”)
has filed or intends to file with the United States Securities and Exchange Commission (the “Commission”) a registration statement on Form S-3 (the “Shelf Registration Statement “) for the registration and resale
under Rule 415 of the United States Securities Act of 1933, as amended (the “Securities Act “) of the Company’s 33⁄4% Convertible Senior Subordinated Notes due July 15, 2012 (the “Securities”) and the shares
of the Company’s common stock, par value $0.01 per share (the “Common Stock”), issuable upon conversion thereof, in accordance with the Registration Rights Agreement, dated as of August 2, 2005 (the “Registration Rights
Agreement “), among the Company, the guarantors named therein and the purchasers named therein. A copy of the Registration Rights Agreement is attached hereto. All capitalized terms not otherwise defined herein shall have the meanings
ascribed thereto in the Registration Rights Agreement. 
  
 In
order to have Registrable Securities included in the Shelf Registration Statement (or a supplement or amendment thereto), this Notice of Registration Statement and Selling Securityholder Questionnaire (“Notice and Questionnaire”)
must be completed, executed and delivered to the Company at the address set forth herein for receipt ON OR BEFORE                     , 2005.
Beneficial owners of Registrable Securities who do not properly complete, execute and return this Notice and Questionnaire by such date (i) will not be named as selling securityholders in the Shelf Registration Statement and (ii) may not use the
Prospectus forming a part thereof for resales of Registrable Securities. 
  
 Certain legal consequences arise from being named as a selling securityholder in the Shelf Registration Statement and related Prospectus. Accordingly, holders and beneficial owners of Registrable Securities are
advised to consult their own securities law counsel regarding the consequences of being named or not being named as a selling securityholder in the Shelf Registration Statement and related Prospectus. 
  
 The term “Registrable Securities” is defined in the
Registration Rights Agreement to mean all or any portion of the Securities issued from time to time under the Indenture in registered form and the shares of Common Stock issuable upon conversion of such Securities; provided, however, that a
security ceases to be a Registrable Security when it is no longer a Restricted Security. 
  
 The term “Restricted Security” is defined in the Registration Rights Agreement to mean any Security or share of Common Stock issuable upon conversion thereof except any such Security or share of
Common Stock that (i) has been effectively registered under the Securities Act and sold in a manner contemplated by the Shelf Registration Statement, (ii) has been transferred in compliance with Rule 144 under the Securities Act (or any successor
provision thereto) or is transferable pursuant to paragraph (k) of such Rule 144 (or any successor provision thereto), or (iii) has otherwise been transferred and a new Security or share of Common Stock not subject to transfer restrictions under the
Securities Act has been delivered by or on behalf of the Company in accordance with the Indenture. 
  

 A-2 

 ELECTION 
  
 The undersigned holder (the “Selling Securityholder”) of Registrable Securities hereby elects to include in the Shelf Registration
Statement the Registrable Securities beneficially owned by it and listed below in Item (3). The undersigned, by signing and returning this Notice and Questionnaire, agrees to be bound with respect to such Registrable Securities by the terms and
conditions of this Notice and Questionnaire and the Registration Rights Agreement, including, without limitation, Section 5 of the Registration Rights Agreement, as if the undersigned Selling Securityholder were an original party thereto.

  
 Upon any sale of Registrable Securities pursuant to the Shelf
Registration Statement, the Selling Securityholder will be required to deliver to the Company and the Trustee the Notice of Transfer (completed and signed) set forth in Exhibit 1 to this Notice and Questionnaire. 
  
 The Selling Securityholder hereby provides the following information to each
of the Company and the Guarantors and represents and warrants that such information is accurate and complete: 
  
 QUESTIONNAIRE 
  

							
	(1)	  	(a)	 	Full legal name of Selling Securityholder:
			
	 	  	 	 	 
			
	 	  	(b)	 	Full legal name of registered holder (if not the same as in (a) above) of Registrable Securities listed in Item (3) Below:
			
	 	  	 	 	 
			
	 	  	(c)	 	Full legal name of DTC Participant (if applicable and if not the same as (b) above) through which Registrable Securities listed in Item (3) below are held:
			
	 	  	 	 	 
			
	(2)	  	 	 	Address for notices to Selling Securityholder:
			
	 	  	 	 	 
			
	 	  	 	 	 
				
	 	  	 	 	Telephone:	  	 
				
	 	  	 	 	Email: 	  	 
				
	 	  	 	 	Fax: 	  	 
				
	 	  	 	 	Contact Person:	  	 
			
	(3)	  	 	 	Beneficial Ownership of Securities:
			
	 	  	 	 	Except as set forth below in this Item (3), the undersigned Selling Securityholder does not beneficially own any Securities or shares of Common Stock issued upon conversion of any
Securities.

  

 A-3 

					
	 	  	(a)	 	Principal amount of Registrable Securities (as defined in the Registration Rights Agreement) beneficially owned:
	 	  	 	 	 
			
	 	  	 	 	 
	 	  	 	 	CUSIP No(s). of Registrable Securities: ___________________________________________________
			
	 	  	 	 	Number of shares of Common Stock (if any) issued upon conversion of Securities: ________________
			
	 	  	(b)	 	Principal amount of Securities other than Registrable Securities beneficially owned:
			
	 	  	 	 	 
			
	 	  	 	 	 
			
	 	  	 	 	CUSIP No(s). of such other Securities: ___________________________________________________
			
	 	  	 	 	 Number of shares of Common Stock (if any) issued upon conversion of such other Securities:
                                       
                                        
                                        
                                        
                                        
 

			
	 	  	(c)	 	 Principal amount of Registrable Securities that the undersigned wishes to be included in the Shelf Registration Statement:
                                       
                                        
                                        
                                        
                                        
 

			
	 	  	 	 	 CUSIP No(s). of such Registrable Securities to be included in the Shelf Registration Statement:
                                       
                                        
                                        
                                        
                                        
 

			
	 	  	 	 	Number of shares of Common Stock (if any) issued upon conversion of Registrable Securities which are to be included in the Shelf Registration Statement:
	 	  	 	 	 
			
	 	  	(4)	 	Beneficial Ownership of Other Securities of the Company:
			
	 	  	 	 	Except as set forth below in this Item (4), the undersigned Selling Securityholder is not the beneficial or registered owner of any shares of Common Stock or any other security of the
Company, other than the Securities and shares of Common Stock listed above in Item (3).
			
	 	  	 	 	State any exceptions here:
	 	  	 	 	 
			
	 	  	 	 	 
			
	 	  	 	 	 
			
	 	  	(5)	 	Disclose the individual or individuals who exercise dispositive powers with respect to the Securities, and the voting and/or dispositive powers with respect to the Common Stock underlying the
Securities, for all entities that are not SEC-reporting companies. Selling Securityholders should disclose the name of beneficial holders, not nominee holders or other such others of record. In addition, the SEC has provided guidance that Rule 13d-3
of the Securities Exchange Act of 1934 should be used by analogy when determining the person or persons sharing voting and/or dispositive powers with respect to the Registrable Securities.
			
	 	  	(a)	 	Is the holder an SEC-reporting company?
			
	 	  	 	 	 Yes  ̈    No  ̈

  

 A-4 

 If YES, please proceed to Question 6. If NO, please answer Item (5)(b). 
  

	 	(b)	List below the individual or individuals who exercise dispositive powers with respect to the Securities, and the voting and/or dispositive powers with respect to the Common Stock
underlying the Securities: 

 ___________________________________________________________________________________ 
  
 Please note that the names of the persons listed in (b) above will be
included in the Shelf Registration Statement and related Prospectus. 
  

	(6)	The SEC requires that all Selling Securityholders that are registered broker-dealers or affiliates of registered broker-dealers be so identified in the Registration Statement. In
addition, the SEC requires that all Selling Securityholders that are registered broker-dealers be named as underwriters in the Shelf Registration Statement and related Prospectus. 

  

	 	(a)	Is the Selling Securityholder a registered broker-dealer? 

  
 Yes  ̈    No  ̈ 
  

	 	(b)	If the answer to (a) is YES, you must answer (i) and (ii) below, and (iii) below if applicable. Your answers to (i) and (ii) below, and (iii) below if applicable, will be
included in the Shelf Registration Statement and related Prospectus. 

  

	 	(i)	Were the Securities and the Common Stock underlying the Securities acquired as compensation for underwriting activities? 

  
 Yes  ̈    No  ̈ 
  

	 	(ii)	Were the Securities and the Common Stock underlying the Securities acquired for investment purposes? 

  
 Yes  ̈    No  ̈ 
  

	 	(iii)	If you answered NO to both (i) and (ii), please explain the Selling Securityholder’s reason for acquiring the Securities and the Common Stock underlying the Securities.

                                       
                                        
                                        
                                        
                                
                                       
                                        
                                        
                                        
                                
  

	 	(c)	Is the Selling Securityholder an affiliate of a registered broker-dealer? 

  
 Yes  ̈    No  ̈ 
  
 If YES, please provide the name of the registered broker-dealer. 
                                       
                                        
                                        
                                        
                                        

  

	 	(d)	If your answer to (c) is YES, you must answer BOTH (i) and (ii) below. Your answers to (i) and (ii) below will be included in the Shelf Registration Statement and related
Prospectus. 

  

 A-5 

	 	(i)	Were the Securities and the Common Stock underlying the Securities acquired in the ordinary course of business? 

  
 Yes  ̈    No  ̈ 
  
 If NO, please provide a brief explanation of the circumstances surrounding
the acquisition of the Securities. 
                                       
                                        
                                        
                                        
                                
                                       
                                        
                                        
                                        
                                
  

	 	(ii)	At the time of the acquisition of the Securities and the Common Stock underlying the Securities, did the Selling Securityholder have any agreements, understandings or arrangements
with any other persons, either directly or indirectly, to dispose of the Securities and/or the Common Stock underlying the Securities? 

  
 Yes  ̈    No  ̈ 
  
 If YES, please provide a brief explanation of such agreements, understandings or arrangements. 
  

	(7)	Relationship with the Company: 

  
 Except as set forth below, neither the Selling Securityholder nor any of its affiliates, officers, directors or principal equity holders (5% or more)
has held any position or office or has had any other material relationship with the Company (or its predecessors or affiliates) during the past three years. 
  
 State any exceptions here: 
                                       
                                        
                                        
                                        
                                        
           
                                       
                                        
                                        
                                        
                                        
           
                                       
                                        
                                        
                                        
                                        
           
  

	(8)	Plan of Distribution: 

  
 Except as set forth below, the undersigned Selling Securityholder intends to distribute the Registrable Securities listed above in Item (3) only as
follows (if at all): Such Registrable Securities may be sold from time to time directly by the undersigned Selling Securityholder or, alternatively, through underwriters, broker-dealers or agents. Such Registrable Securities may be sold in one or
more transactions at fixed prices, at prevailing market prices at the time of sale, at varying prices determined at the time of sale, or at negotiated prices. Such sales may be effected in transactions (which may involve crosses or block
transactions) (i) on any national securities exchange or quotation service on which the Registrable Securities may be listed or quoted at the time of sale, (ii) in the over-the-counter market, (iii) in transactions otherwise than on such exchanges
or services or in the over-the-counter market, or (iv) through the writing of options. In connection with sales of the Registrable Securities or otherwise, the Selling Securityholder may enter into hedging transactions with broker-dealers, which may
in turn engage in short sales of the Registrable Securities in the course of hedging the positions they assume. The Selling Securityholder may also sell Registrable Securities short and deliver Registrable Securities to close out such short 

  

 A-6 

 
positions, or loan or pledge Registrable Securities to broker-dealers that in turn may sell such securities. 
  
 State any exceptions here: 
                                       
                                        
                                        
                                        
                                        
           
                                       
                                        
                                        
                                        
                                        
           
  

	(9)	Set forth below is Interpretation A.65 of the July 1997 SEC Manual of Publicly Available Interpretations regarding short selling: 

  
 “An issuer filed a Form S-3 registration statement for a secondary
offering of common stock which is not yet effective. One of the selling shareholders wanted to do a short sale of common stock “against the box” and cover the short sale with registered shares after the effective date. The issuer was
advised that the short sale could not be made before the registration statement becomes effective, because the shares underlying the short sale are deemed to be sold at the time such sale is made. There would, therefore, be a violation of Section 5
if the shares were effectively sold prior to the effective date.” 
  
 By returning this Notice and Questionnaire, Selling Securityholders will be deemed to be aware of the foregoing interpretation. 
  

  
 By signing below, the Selling Securityholder acknowledges that it understands its obligation to comply, and agrees that it will comply, with the prospectus delivery and other provisions of the Securities Act and the Securities Exchange Act
of 1934, as amended, and the rules and regulations thereunder, particularly Regulation M. 
  
 In the event that the Selling Securityholder transfers all or any portion of the Registrable Securities listed in Item (3) above after the date on which such information is provided to the Company, the Selling
Securityholder agrees to notify the transferee(s) of its rights and obligations under this Notice and Questionnaire and the Registration Rights Agreement. 
  
 By signing below, the Selling Securityholder consents to the disclosure of the information contained herein in its answers to Items (1) through (8) above
and the inclusion of such information in the Shelf Registration Statement and related Prospectus. The Selling Securityholder understands that such information will be relied upon by the Company in connection with the preparation of the Shelf
Registration Statement and related Prospectus. 
  

 A-7 

 In accordance with the Selling Securityholder’s obligation under Section 3(a) of the Registration
Rights Agreement to provide such information as may be required by law for inclusion in the Shelf Registration Statement, the Selling Securityholder agrees to promptly notify the Company of any inaccuracies or changes in the information provided
herein which may occur subsequent to the date hereof at any time while the Shelf Registration Statement remains in effect and to provide any additional information as the Company reasonably may request. Except as otherwise provided in the
Registration Rights Agreement, all notices hereunder and pursuant to the Registration Rights Agreement shall be made in writing, by hand-delivery, first-class mail, or air courier guaranteeing overnight delivery as follows: 
  

			
	 (i) To the Company:
	  	 
	 	  	 FTI Consulting, Inc.
 900 Bestgate Road
 Suite 100
 Annapolis, Maryland 21401
 Attention: General Counsel

	 (ii) With a copy to:
	  	 
	 	  	 O’Melveny & Myers LLP
 Times Square
Tower
 7 Times Square
 New York, New York 10036
 Attention: Jessica L. Orlando

  
 Once this Notice and
Questionnaire is executed by the Selling Securityholder and received by the Company, the terms of this Notice and Questionnaire, and the representations and warranties contained herein, shall be binding on, shall inure to the benefit of and shall be
enforceable by the respective successors, heirs, personal representatives, and assigns of the Company and the Selling Securityholder (with respect to the Registrable Securities beneficially owned by such Selling Securityholder and listed in Item (3)
above). This Agreement shall be governed in all respects by the laws of the State of New York. 
  

 A-8 

 IN WITNESS WHEREOF, the undersigned, by authority duly given, has caused this Notice and
Questionnaire to be executed and delivered either in person or by its duly authorized agent. 
  

									
	 Dated: _____________________________________
	 	 	 	 Selling Securityholder

			
	 	 	 	 	(Print/type full legal name of beneficial owner of Registrable Securities)
	 	 	 	 	 
					
	 	 	 	 	 	 	 By:
	 	 
	 	 	 	 	 	 	 Name:
	 	 
	 	 	 	 	 	 	 Title:
	 	 

  
 PLEASE RETURN THE COMPLETED AND
EXECUTED NOTICE AND QUESTIONNAIRE FOR RECEIPT ON OR BEFORE                      , 2005 TO THE COMPANY AT: 
  
 FTI Consulting, Inc. 
 900 Bestgate Road 
 Suite 100 
 Annapolis, Maryland 21401 
 Attention: General Counsel 
  
 With a copy to: 
  
 O’Melveny & Myers LLP 
 Times Square Tower 
 7 Times Square 
 New York, New York 10036 
 Attention: Jessica L. Orlando 
  

 A-9 

 Exhibit 1 
 to Appendix A 
  
 NOTICE
OF TRANSFER PURSUANT TO REGISTRATION STATEMENT 
  
 FTI Consulting, Inc.

 900 Bestgate Road 
 Suite 100 
 Annapolis, Maryland 21401 
 Attention: General Counsel 
  
 Wilmington Trust Company 
 1100 North Market Street 
 Wilmington, Delaware 19890 
 Attention: Corporate Trust Services 
  

	 	Re:	FTI Consulting, Inc. (the “Company”) 

 33⁄4% Convertible Senior Subordinated Notes due July 15, 2012 (the “Notes”) 
  
 Ladies and Gentlemen: 
  
 Please be advised that                      has
transferred $             in aggregate principal amount of the above-referenced Notes or shares of the Company’s common stock issued upon conversion of Notes, pursuant to an
effective Registration Statement on Form S-3 (File No. 333-            ) filed by the Company. 
  
 We hereby certify that the prospectus delivery requirements, if any, of the Securities Act of 1933, as amended, have been
satisfied with respect to the transfer described above and that the above-named beneficial owner of the Notes or common stock is named as a selling securityholder in the Prospectus dated
            ,             , or in amendments or supplements thereto, and that the aggregate principal amount of the
Notes or number of shares of common stock transferred are a portion of the Notes or shares of common stock listed in such Prospectus as amended or supplemented opposite such owner’s name. 
  
 Dated:
                     
  

			
	 	 	 Very truly yours,

		
	 	 	 
	 	 	 (Name)

		
	 By:
	 	 
	 	 	 (Authorized Signature)

  

 A-10Second Amendment, dated as of August 2, 2005

 Exhibit 10.3 
  
 SECOND AMENDMENT 
  
 THIS SECOND AMENDMENT (this “Amendment”) dated as of August 2, 2005 to the Credit Agreement referenced below is by and among FTI
Consulting, Inc., a Maryland corporation (the “Borrower”), the Guarantors identified on the signature pages hereto, the Lenders identified on the signature pages hereto and Bank of America, N.A., as administrative agent (the
“Administrative Agent”). 
  
 W I T N E S S E T H

  
 WHEREAS, $225 million in credit facilities have been
established in favor of the Borrower pursuant to the Amended and Restated Credit Agreement (as amended, modified and supplemented from time to time, the “Credit Agreement”) dated as of November 28, 2003 among the Borrower, the
Guarantors, the Lenders identified therein and the Administrative Agent; and 
  
 WHEREAS, the Borrower has requested certain modifications to the Credit Agreement and the Required Lenders have agreed to the requested modifications on the terms and conditions set forth herein. 
  
 NOW, THEREFORE, IN CONSIDERATION of the premises and other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows: 
  
 1. Defined Terms. Capitalized terms used herein but not otherwise defined herein shall have the meanings provided to such terms in the Credit
Agreement. 
  
 2. Amendments. The Credit Agreement is
amended in the following respects: 
  
 2.1 In Section 1.01, the
following definitions are added to read as follows: 
  
 “Consolidated Senior Secured Leverage Ratio” means, as of any date of determination, the ratio of (a) Consolidated Funded Indebtedness as of such date (other than (i) the Subordinated Indebtedness and (ii) Funded
Indebtedness that is not secured by a Lien on any Property of the Borrower or any Subsidiary) to (b) Consolidated EBITDA for the period of the four fiscal quarters most recently ended for which the Borrower has delivered financial statements
pursuant to Section 7.01(a) or (b). 
  
 “Convertible Senior Subordinated Note” means any of the up to $150 million in aggregate principal amount of the Borrower’s 3.75% Convertible Senior Subordinated Notes due 2012 issued by the Borrower pursuant to the
Convertible Senior Subordinated Note Indenture, as amended, modified, supplemented and extended from time to time in a manner permitted hereunder. 
  
 “Convertible Senior Subordinated Note Documents” means, collectively, the Convertible Senior Subordinated Notes, the Convertible Senior
Subordinated Note Indenture and each other document, agreement and instrument governing or evidencing any of the Convertible Senior Subordinated Notes. 

 “Convertible Senior Subordinated Note Indenture” means the Indenture dated as of August
2, 2005 among the Borrower, the guarantors named therein and Wilmington Trust Company, as Trustee, as amended, modified, supplemented and extended from time to time in a manner permitted hereunder. 
  
 “Senior Note” means any of the up to $200 million in
aggregate principal amount of the Borrower’s 7.625% Senior Notes due 2013 issued by the Borrower pursuant to the Senior Note Indenture, as amended, modified, supplemented and extended from time to time in a manner permitted hereunder.

  
 “Senior Note Documents” means, collectively,
the Senior Notes, the Senior Note Indenture and each other document, agreement and instrument governing or evidencing any of the Senior Notes. 
  
 “Senior Note Indenture” means the Indenture dated as of August 2, 2005 among the Borrower, the guarantors named therein and Wilmington
Trust Company, as Trustee, as amended, modified, supplemented and extended from time to time in a manner permitted hereunder. 
  
 “Subordinated Indebtedness” means the Indebtedness arising under the Convertible Senior Subordinated Notes. 
  
 2.2 In the definition of “Change of Control” in Section 1.01 of the
Credit Agreement, the “.” at the end of clause (b) is replaced with “; or” and a new clause (c) is added thereto to read as follows: 
  
 (c) the occurrence of a “Change of Control” (or any comparable term) under, and as defined in, any of the Senior Note Documents or the
occurrence of a “Fundamental Change” under, and as defined in, any of the Convertible Senior Subordinated Note Documents. 
  
 2.3 In the definition of “Consolidated Fixed Charges” in Section 1.01 of the Credit Agreement, clause (iii) is amended to read as follows:

  
 (iii) Restricted Payments for such period (other than
Restricted Payments made during the twelve months following the date of the Second Amendment to this Agreement in an aggregate amount up to $125.9 million) 
  
 2.4 In the definition of “Permitted Acquisitions” in Section 1.01 of the Credit Agreement, the phrase “occurring after the Closing
Date” is amended to read “occurring after the date of the Second Amendment to this Agreement”. 
  
 2.5 Section 2.05(b) of the Credit Agreement is amended to read as follows: 
  
 (i) Aggregate Revolving Commitments. If for any reason the Total Revolving Outstandings at any time exceed the
Aggregate Revolving Commitments then in effect, the Borrower shall immediately prepay Revolving Loans and/or the Swing Line Loans and/or Cash Collateralize the L/C Obligations in an aggregate amount equal to such excess; provided,
however, that the Borrower shall not be required to Cash Collateralize the L/C Obligations pursuant to this Section 2.05(b)(i) unless after the prepayment in full 

  

 2 

 
of the Revolving Loans and Swing Line Loans the Total Revolving Outstandings exceed the Aggregate Revolving Commitments then in effect. 
  
 (ii) Dispositions and Involuntary Dispositions. The Borrower shall
prepay the Loans and Cash Collateralize the L/C Obligations as hereafter provided in an aggregate amount equal to 100% of the Net Cash Proceeds of all Dispositions and Involuntary Dispositions to the extent (A) such Net Cash Proceeds are not
reinvested in the same or similar Property within 180 days of the date of such Disposition and (B) the aggregate amount of such Net Cash Proceeds not reinvested in accordance with the foregoing clause (A) shall exceed $2,500,000 in any fiscal year.
Such prepayment shall be due immediately upon the expiration of the 180 day period set forth in clause (A) (to the extent such prepayment exceeds the threshold in clause (B)) and shall be applied as set forth in clause (v) below. 

 
 (iii) Application of Mandatory Prepayments. All amounts required
to be paid pursuant to this Section 2.05(b) shall be applied to Revolving Loans and Swing Line Loans and (after all Revolving Loans and all Swing Line Loans have been repaid) to Cash Collateralize L/C Obligations. Within the parameters of the
applications set forth above, prepayments shall be applied first to Base Rate Loans and then to Eurodollar Rate Loans in direct order of Interest Period maturities. All prepayments under this Section 2.05(b) shall be subject to Section
3.05, but otherwise without premium or penalty, and shall be accompanied by interest on the principal amount prepaid through the date of prepayment. 
  
 2.6 A new section 6.25 is added to the Credit Agreement to read as follows: 
  
 6.25 Subordination. 
  
 (a) The Obligations constitute “Senior Debt” under the Convertible Senior Subordinated Note Documents. 
  
 (b) The Obligations constitute “Designated Senior Debt” under the
Convertible Senior Subordinated Note Documents. 
  
 (c) No
obligations (other than the Obligations and the Senior Notes) constitute “Designated Senior Debt” under the Convertible Senior Subordinated Note Documents. 
  
 2.7 The following paragraph is added to the end of Section 7.12 of the Credit Agreement: 
  
 Notwithstanding anything herein to the contrary, if any Subsidiary that is
not a Guarantor (including any Foreign Subsidiary and FTI Capital Advisors, LLC) provides a Guarantee in respect of any of the Senior Notes or the Convertible Senior Subordinated Notes, the Borrower shall cause such Subsidiary to, concurrent with
providing the Guarantee in respect of such Indebtedness, (i) become a Guarantor by executing and delivering to the Administrative Agent a Joinder Agreement or such other document as the Administrative Agent shall deem appropriate for such purpose,
and (ii) deliver to the Administrative Agent documents of the types referred to in Sections 5.01(d) and (f) and favorable opinions of counsel to such Person (which shall cover, among other things, the legality, validity, binding effect
and enforceability of the documentation referred to in clause (a)), all in form, content and scope reasonably satisfactory to the Administrative Agent. 
  

 3 

 2.8 In Section 8.03 of the Credit Agreement, the “and” after clause (h) is deleted, clause (i)
is deleted and new clauses (i), (j) and (k) are added thereto to read as follows: 
  
 (i) Indebtedness arising under the Senior Note Documents in an aggregate outstanding principal amount not to exceed $200 million; 
  
 (j) Indebtedness arising under the Convertible Senior Subordinated Note Documents in an aggregate outstanding principal
amount not to exceed $150 million; and 
  
 (k) Guarantees with
respect to Indebtedness permitted by this Section 8.03. 
  
 2.9 In
Section 8.09 of the Credit Agreement, the “or” at the end of clause (3) is replaced with “,”, the “.” at the end of clause (4) is replaced with “or” and a new clause (5) is added to read as follows:

  
 (5) the Senior Note Documents and the Convertible Senior
Subordinated Note Documents. 
  
 2.10 Section 8.11(a) of the
Credit Agreement is amended to read as follows: 
  
 (a)
Consolidated Leverage Ratio. Permit the Consolidated Leverage Ratio as of the end of any fiscal quarter of the Borrower to be greater than 3.25:1.0. 
  
 2.11 Section 8.11(c) of the Credit Agreement is amended to read as follows: 
  
 (c) Consolidated Fixed Charge Coverage Ratio. Permit the Consolidated Fixed Charge Coverage Ratio as of the end of
any fiscal quarter of the Borrower to be less than 1.5:1.0. 
  
 2.12 A new clause (d) is added to section 8.11 of the Credit Agreement to read as follows: 
  
 (d) Consolidated Senior Secured Leverage Ratio. Permit the Consolidated Senior Secured Leverage Ratio as of the end of any fiscal quarter of the
Borrower to be greater than 2.0:1.0. 
  
 2.13 Section 8.12
of the Credit Agreement is amended to read as follows: 
  
 8.12
Subordinated Indebtedness. 
  
 (a) Amend or modify any of
the terms of any of the Senior Notes or any Subordinated Indebtedness if such amendment or modification would add or change any terms in a manner adverse to the Borrower or any Subsidiary (including any amendment or modification that would shorten
the final maturity or average life to maturity or require any payment to be made sooner than originally scheduled or increase the interest rate applicable thereto). 
  
 (b) Amend or modify any of the subordination provisions of any Subordinated Indebtedness. 
  
 (c) Make (or give any notice with respect thereto) any optional, mandatory
or other non-scheduled payment on, or prepayment, redemption, acquisition for value (including 

  

 4 

 
without limitation, by way of depositing money or securities with the trustee with respect thereto before due for the purpose of paying when due), refund,
refinance or exchange of, any of the Senior Notes or any Subordinated Indebtedness, other than (i) the conversion into cash of the outstanding principal amount of any Convertible Senior Subordinated Notes upon the occurrence of a Sale Price
Condition (as defined in the Convertible Senior Subordinated Note Indenture), (ii) the conversion into cash of up to $12,500,000 in the aggregate of the outstanding principal amount of any Convertible Senior Subordinated Notes upon the occurrence of
a Trading Price Condition (as defined in the Convertible Senior Subordinated Note Indenture) and (iii) the conversion into cash of the outstanding principal amount of any Convertible Senior Subordinated Notes at any time on or after June 15, 2012;
or 
  
 (d) Make any principal or interest payments in respect of
any Subordinated Indebtedness in violation of the subordination provisions of the Convertible Senior Subordinated Note Documents. 
  
 2.14 In Section 9.01 of the Credit Agreement, the “.” at the end of clause (k) is replaced with “; or”, and a new clause (l) is added
thereto to read as follows: 
  
 (l)
Subordinated Indebtedness. 
  
 (i) There
shall occur an “Event of Default” (or any comparable term) under, and as defined in, any Senior Note Document or any Convertible Senior Subordinated Note Document; 
  
 (ii) any of the Obligations for any reason shall fail to be “Senior Debt” (or any comparable term)
under, and as defined in, any Convertible Senior Subordinated Note Document; 
  
 (iii) any Indebtedness other than the Obligations and the Senior Notes shall constitute “Designated Senior Debt” (or any comparable term) under, and as defined in, any Convertible Senior Subordinated Note
Document; or 
  
 (iv) the subordination
provisions of any Convertible Senior Subordinated Note Document shall, in whole or in part, terminate, cease to be effective or cease to be legally valid, binding and enforceable against any holder of such Subordinated Indebtedness. 
  
 3. Representations and Warranties. Each Loan Party represents and
warrants that, after giving effect to this Amendment, each representation and warranty set forth in the Loan Documents is true and correct in all material respects as of the date hereof (except those that expressly relate to an earlier period).

  
 4. Reaffirmation of Guaranty. Each Loan Party (i)
acknowledges and consents to all of the terms and conditions of this Amendment, (ii) affirms all of its obligations under the Loan Documents and (iii) agrees that this Amendment and all documents executed in connection herewith do not operate to
reduce or discharge it’s obligations under the Loan Documents. 
  
 5. Reaffirmation of Security Interests. Each Loan Party (i) affirms that each of the Liens granted in or pursuant to the Loan Documents are valid and subsisting and (ii) agrees that this 

  

 5 

 
Amendment shall in no manner impair or otherwise adversely effect any of the Liens granted in or pursuant to the Loan Documents. 
  
 6. Conditions Precedent. This Amendment shall become effective as of
the date hereof upon satisfaction of each of the following conditions precedent: 
  
 (a) Amendment. Receipt by the Administrative Agent of counterparts of this Amendment executed by the Loan Parties and the Required
Lenders. 
  
 (b) Senior Notes and Convertible
Senior Subordinated Notes. 
  
 (i) The Senior
Note Documents and the Convertible Senior Subordinated Note Documents shall be in form and substance satisfactory to the Administrative Agent and the Required Lenders. 
  
 (ii) Receipt by the Administrative Agent of evidence that the Borrower has received gross proceeds of at
least $300 million from the issuance by the Borrower of the Senior Notes and Convertible Senior Subordinated Notes. 
  
 (iii) Receipt by the Administrative Agent of copies, certified by an Executive Officer of the Borrower to be true and correct, of the
Senior Note Documents and the Convertible Senior Subordinated Note Documents, each as originally executed and together with schedules and exhibits. 
  
 (c) Repayment in Full of Term Loans. The Borrower shall have (or will concurrent with the advance of the Senior Notes and the
Convertible Senior Subordinated Notes on the date hereof) repaid the Term Loans in full. 
  
 (d) Fees. 
  
 (i) Receipt by the Administrative Agent, for the benefit of each Lender that approves the amendment, of a fee equal to fifteen basis
points (0.15%) on such Lender’s Revolving Commitment. 
  
 (ii) Receipt by the Administrative Agent of all other fees and expenses owing in connection with this Amendment. 
  
 7. No Other Changes. Except as modified hereby, all of the terms and provisions of the Loan Documents (including schedules and exhibits thereto)
shall remain in full force and effect. 
  
 8. Counterparts.
This Amendment may be executed in any number of counterparts, each of which when so executed and delivered shall be deemed an original and it shall not be necessary in making proof of this Amendment to produce or account for more than one such
counterpart. 
  
 9. Governing Law. This Amendment shall be
deemed to be a contract made under, and for all purposes shall be construed in accordance with, the laws of the State of North Carolina. 
  
 [SIGNATURE PAGES FOLLOW] 
  

 6 

 IN WITNESS WHEREOF, each of the parties hereto has caused a counterpart of this Second Amendment to be
duly executed and delivered as of the date first above written. 
  

									
	 BORROWER:
	 	 	 	 FTI CONSULTING, INC.,
 a Maryland corporation

					
	 	 	 	 	 	 	By:	 	/S/    THEODORE I.
PINCUS        
	 	 	 	 	 	 	 Name:
	 	Theodore I. Pincus
	 	 	 	 	 	 	 Title:
	 	Chief Financial Officer and Executive Vice President
			
	 GUARANTORS:
	 	 	 	 FTI, LLC,
 a Maryland limited liability company
 FTI REPOSITORY SERVICES, LLC,
 a
Maryland limited liability company
 LEXECON, LLC,
 a Maryland
limited liability company
 TECHNOLOGY & FINANCIAL CONSULTING, INC.,
 a Texas corporation
 TEKLICON, INC.,
 a California
corporation
 FTI CAMBIO LLC,
 a Maryland limited liability
company

					
	 	 	 	 	 	 	By:	 	/S/    THEODORE I.
PINCUS        
	 	 	 	 	 	 	 Name:
	 	Theodore I. Pincus
	 	 	 	 	 	 	 Title:
	 	Treasurer of each of the Guarantors
			
	 ADMINISTRATIVE AGENT:
	 	 	 	BANK OF AMERICA, N.A., as Administrative Agent
					
	 	 	 	 	 	 	By:	 	/S/    LAURA B.
SCHMUCK        
	 	 	 	 	 	 	 Name:
	 	Laura B. Schmuck
	 	 	 	 	 	 	 Title:
	 	 Agency Officer
 Assistant Vice President

  
 [SIGNATURE PAGES
CONTINUE] 

									
	 LENDERS:
	 	 	 	 BANK OF AMERICA, N.A.,
 as a Lender, L/C Issuer and Swing Line Lender

					
	 	 	 	 	 	 	By:	 	/S/    MICHAEL J.
LANDINI        
	 	 	 	 	 	 	 Name:
	 	Michael J. Landini
	 	 	 	 	 	 	 Title:
	 	Senior Vice President
			
	 	 	 	 	 WACHOVIA BANK, NATIONAL ASSOCIATION

					
	 	 	 	 	 	 	By:	 	/S/    DAVID L.
DRIGGERS        
	 	 	 	 	 	 	 Name:
	 	David L. Driggers
	 	 	 	 	 	 	 Title:
	 	Managing Director
			
	 	 	 	 	 SUNTRUST BANK

					
	 	 	 	 	 	 	By:	 	/S/    MICHAEL
PUGSLEY        
	 	 	 	 	 	 	 Name:
	 	Michael Pugsley
	 	 	 	 	 	 	 Title:
	 	Director
			
	 	 	 	 	 COMERICA BANK

					
	 	 	 	 	 	 	By:	 	/S/    ERICA M.
KRZEMINSKI        
	 	 	 	 	 	 	 Name:
	 	Erica M. Krzeminsky
	 	 	 	 	 	 	 Title:
	 	Account Officer
			
	 	 	 	 	 SOVEREIGN BANK

					
	 	 	 	 	 	 	By:	 	/S/    ERIC
RITTER        
	 	 	 	 	 	 	 Name:
	 	Eric Ritter
	 	 	 	 	 	 	 Title:
	 	AVP
			
	 	 	 	 	 NATIONAL CITY BANK

					
	 	 	 	 	 	 	By:	 	/S/    HEATHER M.
MCINTYRE        
	 	 	 	 	 	 	 Name:
	 	Heather M. McIntyre
	 	 	 	 	 	 	 Title:
	 	Vice President
			
	 	 	 	 	 PNC BANK, NATIONAL ASSOCIATION

					
	 	 	 	 	 	 	By:	 	/S/    FRANK A. PUGLIESE
        
	 	 	 	 	 	 	 Name:
	 	Frank A. Pugliese
	 	 	 	 	 	 	 Title:
	 	Vice President
			
	 	 	 	 	 U.S. BANK NATIONAL ASSOCIATION

					
	 	 	 	 	 	 	By:	 	/S/    RICHARD J.
POPP        
	 	 	 	 	 	 	 Name:
	 	Richard J. Popp
	 	 	 	 	 	 	 Title:
	 	Vice President

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