Document:

exv10w1

Exhibit 10.1

EXECUTION VERSION

AMENDMENT, RESTATEMENT AND JOINDER AGREEMENT

     AMENDMENT, RESTATEMENT AND JOINDER AGREEMENT dated as of August 18, 2011 (this “Agreement”),
in respect of the Credit Agreement dated as of July 2, 2008 (as amended prior to the date hereof,
the “Existing Credit Agreement”), among LENDER PROCESSING SERVICES, INC., a Delaware corporation
(the “Borrower”), the lenders party thereto (the “Existing Lenders”) and JPMORGAN CHASE BANK, N.A.,
as Administrative Agent (in such capacity, the “Administrative Agent”), Swing Line Lender and L/C
Issuer.

     WHEREAS, the parties hereto desire to amend and restate the Existing Credit Agreement in its
entirety to read as set forth in Annex A attached hereto (the Existing Credit Agreement, as so
amended and restated, being referred to as the “Amended and Restated Credit Agreement”); and

     WHEREAS, (a) each of the financial institutions listed on Schedule 1(A) hereto (each, a
“Restatement Revolving Lender”) wishes to become a Revolving Credit Lender under the Amended and
Restated Credit Agreement, (b) each of the financial institutions listed on Schedule 1(B) hereto
(each a “Restatement Term A Lender”) wishes to become a Term A Lender under the Amended and
Restated Credit Agreement and (c) each of the financial institutions listed on Schedule 1(C) hereto
(each a “Restatement Term B Lender”) wishes to become a Term B Lender under the Amended and
Restated Credit Agreement;

     NOW, THEREFORE, the parties hereto agree as follows:

     SECTION 1. Defined Terms; References. (a) Unless otherwise specifically defined herein, each
term used herein which is defined in the Amended and Restated Credit Agreement has the meaning
assigned to such term in the Amended and Restated Credit Agreement.

     (B) As used in this Agreement, the following terms have the meanings specified below:

          “Borrower’s Revolving Credit Payment” shall have the meaning assigned to such term in Section
5(d)(i)(A).

          “Borrower’s Term A Payment” shall have the meaning assigned to such term in Section
3(c)(ii)(A).

          “Borrower’s Term B Payment” shall have the meaning assigned to such term in Section
4(c)(ii)(A).

          “Departing Revolving Lender” shall mean an Existing Revolving Lender that is not a Restatement
Revolving Lender.

          “Departing Term A Lender” shall mean an Existing Term A Lender that is not a Restatement Term
A Lender.

          “Departing Term B Lender” shall mean an Existing Term B Lender that is not allocated any Term
B Commitment prior to the Restatement Effective Date in connection with the initial syndication of
the Term B Commitments.

 

 

     “Existing Revolving Credit Loans” shall mean the Revolving Credit Loans under, and as defined
in, the Existing Credit Agreement.

     “Existing Revolving Lender” shall mean an Existing Lender with a “Revolving Credit Commitment”
under the Existing Credit Agreement immediately prior to the Restatement Effective Date.

     “Existing Term A Lender” shall mean an Existing Lender with an Existing Term A Loan under the
Existing Credit Agreement immediately prior to the Restatement Effective Date.

     “Existing Term A Loans” shall mean the Term A Loans under, and as defined in, the Existing
Credit Agreement.

     “Existing Term B Lender” shall mean an Existing Lender with a “Term B Loan” under the Existing
Credit Agreement immediately prior to the Restatement Effective Date.

     “Existing Term B Loans” shall mean the Term B Loans under, and as defined in, the Existing
Credit Agreement.

     “Original Revolving Credit Loan Prepayment Amount” shall mean for each Existing Revolving
Lender, the sum of (i) the aggregate principal amount of the Existing Revolving Credit Loans owing
to such Existing Revolving Lender immediately prior to the Restatement Effective Date, (ii) all
accrued and unpaid interest on such Existing Revolving Credit Loans and (iii) any other amounts
owing to such Existing Revolving Credit Lender under the “Loan Documents” under the Existing Credit
Agreement as of the Restatement Effective Date, including amounts owing pursuant to Sections
2.03(i), 2.09 and 3.04 of the Existing Credit Agreement.

     “Original Term A Loan Prepayment Amount” shall mean, for each Existing Term A Lender, the sum
of (i) the aggregate principal amount of the Existing Term A Loans owing to such Existing Term A
Lender immediately prior to the Restatement Effective Date, (ii) all accrued and unpaid interest on
such Existing Term A Loans and (iii) any other amounts owing to such Existing Term A Lender under
the “Loan Documents” under the Existing Credit Agreement as of the Restatement Effective Date,
including any amounts owing pursuant to Section 3.04 of the Existing Credit Agreement.

     “Original Term B Loan Prepayment Amount” shall mean, for each Existing Term B Lender, the sum
of (i) the aggregate principal amount of the Existing Term B Loans owing to such Existing Term B
Lender immediately prior to the Restatement Effective Date, (ii) all accrued and unpaid interest on
such Existing Term B Loans and (iii) any other amounts owing to such Existing Term B Lender under
the “Loan Documents” under the Existing Credit Agreement as of the Restatement Effective Date,
including any amounts owing pursuant to Section 3.04 of the Existing Credit Agreement.

     “Original Term B Rollover Amount” shall have the meaning assigned to such term in the
definition of “Rolling Term B Lender”.

     “Restatement Effective Date” shall have the meaning assigned to such term in Section 6.

     “Rolling Term B Lender” shall mean any Existing Term B Lender who elects to exchange on the
Restatement Effective Date all of the principal amount of the Existing Term B Loans owing to such
Existing Term B Lender immediately prior to the Restatement Effective Date (the amount so exchanged
referred to as the “Original Term B Rollover Amount” of such Existing Term B Lender) for the right
to receive (by assignment from JPMCB after the Restatement Effective Date in the initial
syndication of the

2

 

Term B Loans) an equal principal amount of the Term B Loans, which election shall be made
pursuant to the Term B Lender Addendum to this Agreement.

     “Rolling Term B Lender Prepayment Amount” shall mean, for any Rolling Term B Lender, the
excess of such Rolling Term B Lender’s Original Term B Loan Prepayment Amount over such Rolling
Term B Lender’s Original Term B Rollover Amount.

     “Term B Lender Addendum” shall mean the Term B Lender Addendum to this Agreement pursuant to
which (i) the Existing Term B Lenders may consent to this Agreement, (ii) the Existing Term B
Lenders may elect to become Rolling Term B Lenders and (iii) Eligible Assignees (including any
Existing Term B Lenders) may specify their maximum Term B Commitments.

     SECTION 2. Amendment and Restatement; Borrowings on the Restatement Effective Date. (a) Each
of the parties hereto irrevocably agrees that on the Restatement Effective Date, the Existing
Credit Agreement (including the Exhibits and Schedules thereto) shall be amended and restated to
read as set forth in Annex A attached hereto.

     (B) Each Term A Loan made under Section 3 shall be a Term A Loan made pursuant to Section
2.01(a) of the Amended and Restated Credit Agreement.

     (C) Each Term B Loan made under Section 4 shall be a Term B Loan made pursuant to Section
2.01(b) of the Amended and Restated Credit Agreement.

     (D) Each Revolving Credit Loan made under Section 5 (if any) shall be a Revolving Credit Loan
made pursuant to Section 2.01(c) of the Amendment and Restatement Credit Agreement.

     (E) Each “Letter of Credit” outstanding under the Existing Credit Agreement immediately prior
to the Restatement Effective Date shall be deemed to be a Letter of Credit issued pursuant to
Section 2.03 of the Amended and Restated Credit Agreement.

     SECTION 3. Restatement Effective Date Transactions — Term A Loans.

     (A) With effect from and including the Restatement Effective Date, (i) each Restatement Term A
Lender shall become a Term A Lender under the Amended and Restated Credit Agreement and (ii) the
Term A Commitment of each Restatement Term A Lender shall be as set forth in Schedule 2.01 to the
Amended and Restated Credit Agreement.

     (B) On the Restatement Effective Date, each Departing Term A Lender shall cease to be a “Term
A Lender” under the Existing Credit Agreement, and the Original Term A Loan Prepayment Amount for
the account of such Departing Term A Lender shall be due and payable on such date; provided that
the provisions of Sections 3.01, 3.04, 3.07, 10.04 and 10.05 of the Existing Credit Agreement
shall continue to inure to the benefit of each Departing Term A Lender after the Restatement
Effective Date.

     (C) On the Restatement Effective Date:

     (i) Each Restatement Term A Lender shall make a Term A Loan pursuant to Section 2.01(a)
of the Amended and Restated Credit Agreement by delivering to the Administrative Agent an
amount equal to its Term A Commitment; and

3

 

     (ii) the Borrower shall repay the Existing Term A Loans under the Existing Credit
Agreement (and the Existing Term A Lenders hereby waive any notice requirement with respect
to such repayment) by:

     (A) delivering to the Administrative Agent an amount equal to the sum of the
Original Term A Loan Prepayment Amount for each Existing Term A Lender (the
“Borrower’s Term A Payment”); and/or

     (B) directing the Administrative Agent to apply the net proceeds of the Term A
Loans to repay the Existing Term A Loans; and

     (iii) the Administrative Agent shall apply the net proceeds of the Term A Loans and the
Borrower’s Term A Payment to pay to each Existing Term A Lender an amount equal to such
Existing Term A Lender’s Original Term A Loan Prepayment Amount.

     SECTION 4. Restatement Effective Date Transactions — Term B Loans.

     (A) With effect from and including the Restatement Effective Date, (i) each Restatement Term B
Lender shall become a Term B Lender under the Amended and Restated Credit Agreement and (ii) the
Term B Commitment of each Restatement Term B Lender shall be as set forth in Schedule 2.01 to the
Amended and Restated Credit Agreement.

     (B) On the Restatement Effective Date, each Departing Term B Lender shall cease to be a “Term
B Lender” under the Existing Credit Agreement, and the Original Term B Loan Prepayment Amount for
the account of such Departing Term B Lender shall be due and payable on such date; provided that
the provisions of Sections 3.01, 3.04, 3.07, 10.04 and 10.05 of the Existing Credit Agreement
shall continue to inure to the benefit of each Departing Term B Lender after the Restatement
Effective Date.

     (C) On the Restatement Effective Date:

     (i) Each Restatement Term B Lender shall make a Term B Loan pursuant to Section 2.01(b)
of the Amended and Restated Credit Agreement by delivering to the Administrative Agent an
amount equal to its Term B Commitment (net of the aggregate Original Term B Rollover
Amount);

     (ii) the Borrower shall repay the Existing Term B Loans under the Existing Credit
Agreement (and the Existing Term B Lenders hereby waive any notice requirement with respect
to such repayment) by:

     (A) delivering to the Administrative Agent an amount equal to the excess of
(1) the sum of the Original Term B Loan Prepayment Amount for each Existing Term B
Lender over (2) the aggregate Original Term B Rollover Amount (such excess, the
“Borrower’s Term B Payment”); and/or

     (B) directing the Administrative Agent to apply the net proceeds of the Term B
Loans to repay the Existing Term B Loans; and

     (iii) the Administrative Agent shall apply the net proceeds of the Term B Loans and the
Borrower’s Term B Payment (if any) to:

4

 

     (A) pay to each Existing Term B Lender (other than any Rolling Term B Lender)
an amount equal to such Existing Term B Lender’s Original Term B Loan Prepayment
Amount; and

     (B) pay to each Rolling Term B Lender an amount equal to such Rolling Term B
Lender’s Rolling Term B Lender Prepayment Amount.

     SECTION 5. Restatement Effective Date Transactions — Revolving Credit Facility.

     (A) With effect from and including the Restatement Effective Date, (i) each Restatement
Revolving Lender shall become a Revolving Credit Lender under the Amended and Restated Credit
Agreement and (ii) the Revolving Credit Commitment of each Restatement Revolving Lender shall be as
set forth in Schedule 2.01 to the Amended and Restated Credit Agreement.

     (B) The participations of the Restatement Revolving Lenders in any Letters of Credit
outstanding immediately prior to the Restatement Effective Date shall be redetermined on the basis
of their respective Revolving Credit Commitments.

     (C) Each Departing Revolving Lender shall cease to be a “Revolving Credit Lender” under the
Existing Credit Agreement, shall cease to have any “Revolving Credit Commitment” thereunder or any
participation in outstanding Letters of Credit, and the Original Revolving Loan Prepayment Amount
for the account of such Departing Revolving Lender shall be due and payable on such date; provided
that the provisions of Sections 3.01, 3.04, 3.07, 10.04 and 10.05 of the Existing Credit Agreement
shall continue to inure to the benefit of such Departing Revolving Lender after the Restatement
Effective Date.

     (D) On the Restatement Effective Date:

     (i) the Borrower shall repay the Existing Revolving Credit Loans under the Existing
Credit Agreement (and the Existing Revolving Lenders hereby waive any notice requirement
with respect to such repayment) by:

     (A) delivering to the Administrative Agent an amount equal to the sum of the
Original Revolving Credit Prepayment Amount for each Existing Revolving Lender (the
“Borrower’s Revolving Credit Payment”); and/or

     (B) directing the Administrative Agent to apply the net proceeds of the Term
Loans to repay the Existing Revolving Credit Loans; and

     (ii) the Administrative Agent shall apply the net proceeds of the Term Loans and the
Borrower’s Revolving Credit Payment (if any) to pay to each Existing Revolving Lender an
amount equal to such Existing Revolving Lender’s Original Revolving Credit Prepayment
Amount.

     SECTION 6. Effectiveness. This Agreement shall become effective on the date (the
“Restatement Effective Date”) when:

     (A) each of the conditions specified in Section 4.03 of the Amended and Restated Credit
Agreement are satisfied (or waived in accordance with their terms);

     (B) no “Swing Line Loans” (as defined in the Existing Credit Agreement) are outstanding;

5

 

     (C) the Administrative Agent shall have received, for the account of each Existing Term A
Lender, its Original Term A Loan Prepayment Amount;

     (D) the Administrative Agent shall have received, for the account of each Existing Term B
Lender (other than a Rolling Term B Lender), its Original Term B Loan Prepayment Amount and, for
the account of each Rolling Term B Lender, such Rolling Term B Lender’s Rolling Term B Lender
Prepayment Amount (if any); and

     (E) the Administrative Agent shall have received, for the account of each Existing Revolving
Lender, its Original Revolving Credit Loan Prepayment Amount.

     SECTION 7. Representations of Borrower. The Borrower hereby represents and warrants that, as
of the date hereof and as of the Restatement Effective Date:

     (A) the representations and warranties set forth in Article 5 of the Amended and Restated
Credit Agreement and in each other Loan Document shall be true and correct in all material respects
on and as of the Restatement Effective Date with the same effect as though made on and as of such
date, except to the extent such representations and warranties expressly relate to an earlier date;
and

     (B) no Default or Event of Default shall have occurred and be continuing.

     SECTION 8. Governing Law. THIS AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE
WITH, THE LAWS OF THE STATE OF NEW YORK.

     SECTION 9. Counterparts. This Agreement may be executed in counterparts (and by different
parties hereto on different counterparts), each of which shall constitute an original but all of
which when taken together shall constitute a single contract. Delivery of an executed signature
page to this Agreement by facsimile transmission shall be as effective as delivery of a manually
signed counterpart of this Agreement.

[SIGNATURE PAGES FOLLOW]

6

 

     IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly executed by their
respective authorized officers as of the day and year first above written.

	 	 	 	 	 
	 	LENDER PROCESSING SERVICES, INC.,

 	 
	 	By  	/s/
Jennifer F. Alvarado 	 
	 	 	Name: Jennifer F. Alvarado	 
	 	 	Title:   SVP & Treasurer	 
	 
	 	JPMORGAN CHASE BANK, N.A., as

      Administrative Agent, Swing Line Lender 

      and L/C Issuer

 	 
	 	By  	/s/
Tina Ruyter 	 
	 	 	Name: Tina Ruyter	 
	 	 	Title:   Executive Director	 
	 

SIGNATURE PAGE TO AMENDMENT, RESTATEMENT AND JOINDER AGREEMENT

 

 

SIGNATURE PAGE TO AMENDMENT, RESTATEMENT AND JOINDER AGREEMENT

	 	 	 	 	 
	 

	 	[LENDERS]
	 
	 	 	 	 
	 

	 	[On file with Administrative Agent]
	 

	 	 
	 
	 	 	 	 
	 

	 	By:	 	 
	 

	 	 	 	 
	 

	 	 	 	Name:

Title:

 

Schedule 1(A)

Restatement Revolving Lenders

JPMorgan Chase Bank, N.A.

SunTrust Bank

U.S. Bank National Association

Wells Fargo Bank, N.A.

Bank of America, N.A.

ING Capital LLC

PNC Bank, National Association

BBVA Compass Bank

Regions Bank

Sumitomo Mitsui Banking Corporation

Branch Banking and Trust Company

Fifth Third Bank

Goldman Sachs Bank USA

Union Bank, N.A.

Comerica Bank

RBC Bank (USA)

Chang Hwa Commercial Bank, New York Branch

Israel Discount Bank of New York

Firstrust Bank

Schedule 1(A)-1

 

 

Schedule 1(B)

Restatement Term A Lenders

JPMorgan Chase Bank, N.A.

SunTrust Bank

U.S. Bank National Association

Wells Fargo Bank, N.A.

Bank of America, N.A.

ING Capital LLC

PNC Bank, National Association

BBVA Compass Bank

Regions Bank

Sumitomo Mitsui Banking Corporation

Branch Banking and Trust Company

Fifth Third Bank

Goldman Sachs Bank USA

Union Bank, N.A.

Comerica Bank

RBC Bank (USA)

Chang Hwa Commercial Bank, New York Branch

Israel Discount Bank of New York

Firstrust Bank

Schedule 1(B)-1

 

 

Schedule 1(C)

Restatement Term B Lenders

JPMorgan Chase Bank, N.A.

Schedule 1(C)-1

 

 

Annex A

Amended and Restated Credit Agreement

Intentionally omitted from Exhibit 10.1, and filed as Exhibit 10.2.exv10w2

Exhibit
10.2

 

 

AMENDED AND RESTATED CREDIT AGREEMENT

dated as of

August 18, 2011

among

LENDER PROCESSING SERVICES, INC.,

as Borrower,

The LENDERS Party Hereto,

and

JPMORGAN CHASE BANK, N.A.,

as Administrative Agent, Swing Line Lender and L/C Issuer

 

J.P. MORGAN SECURITIES LLC,

SUNTRUST BANK,

U.S. BANK NATIONAL ASSOCIATION,

and WELLS FARGO SECURITIES, LLC, as

Joint Lead Arrangers and Joint Bookrunners,

and

SUNTRUST BANK,

U.S. BANK NATIONAL ASSOCIATION,

and WELLS FARGO BANK, NATIONAL ASSOCIATION, as

Documentation Agents

 

 

 

 

TABLE OF CONTENTS

	 	 	 	 	 
	 	 	Page	 
	Article 1

	Definitions and Accounting Terms

	 
	 	 	 	 
	Section 1.01. Defined Terms
	 	 	1	 
	Section 1.02. Other Interpretive Provisions
	 	 	39	 
	Section 1.03. Accounting Terms
	 	 	39	 
	Section 1.04. Rounding
	 	 	40	 
	Section 1.05. References to Agreements and Laws
	 	 	40	 
	Section 1.06. Times of Day
	 	 	41	 
	Section 1.07. Timing of Payment or Performance
	 	 	41	 
	Section 1.08. Foreign Currency Denominated Debt
	 	 	41	 
	 
	 	 	 	 
	Article 2

	The Commitments and Credit Extensions

	 
	 	 	 	 
	Section 2.01. The Committed Loans
	 	 	41	 
	Section 2.02. Borrowings, Conversions and Continuations of Committed Loans
	 	 	42	 
	Section 2.03. Letters of Credit
	 	 	44	 
	Section 2.04. Swing Line Loans
	 	 	52	 
	Section 2.05. Prepayments
	 	 	55	 
	Section 2.06. Termination or Reduction of Commitments
	 	 	58	 
	Section 2.07. Repayment of Loans
	 	 	59	 
	Section 2.08. Interest
	 	 	61	 
	Section 2.09. Fees
	 	 	61	 
	Section 2.10. Computation of Interest and Fees
	 	 	62	 
	Section 2.11. Evidence of Indebtedness
	 	 	62	 
	Section 2.12. Payments Generally
	 	 	63	 
	Section 2.13. Sharing of Payments
	 	 	64	 
	Section 2.14. Increase In Commitments
	 	 	65	 
	Section 2.15. Defaulting Lenders
	 	 	67	 
	 
	 	 	 	 
	Article 3

	Taxes, Increased Costs and Illegality

	 
	 	 	 	 
	Section 3.01. Taxes
	 	 	69	 
	Section 3.02. Illegality
	 	 	71	 
	Section 3.03. Inability to Determine Rates
	 	 	72	 
	Section 3.04. Increased Cost and Reduced Return
	 	 	72	 
	Section 3.05. Capital Adequacy
	 	 	72	 
	Section 3.06. Reserves on Eurodollar Rate Loans
	 	 	72	 
	Section 3.07. Funding Losses
	 	 	73	 
	Section 3.08. Matters Applicable to All Requests for Compensation
	 	 	73	 
	Section 3.09. Replacement of Lenders Under Certain Circumstances
	 	 	75	 

i

 

	 	 	 	 	 
	 	 	Page	 
	Section 3.10. Survival
	 	 	76	 
	 
	 	 	 	 
	Article 4

	Conditions Precedent to Credit Extensions

	 
	 	 	 	 
	Section 4.01. Conditions of Initial Credit Extension
	 	 	76	 
	Section 4.02. Conditions to All Credit Extensions
	 	 	76	 
	Section 4.03. Effective Date Conditions
	 	 	77	 
	 
	 	 	 	 
	Article 5

	Representations and Warranties

	 
	 	 	 	 
	Section 5.01. Existence, Qualification and Power; Compliance with Laws
	 	 	80	 
	Section 5.02. Authorization; No Contravention
	 	 	80	 
	Section 5.03. Governmental Authorization; Other Consents
	 	 	80	 
	Section 5.04. Binding Effect
	 	 	81	 
	Section 5.05. Financial Statements; No Material Adverse Effect
	 	 	81	 
	Section 5.06. Litigation and Environmental Matters
	 	 	81	 
	Section 5.07. Ownership of Property; Liens
	 	 	82	 
	Section 5.08. Taxes
	 	 	82	 
	Section 5.09. ERISA Compliance
	 	 	82	 
	Section 5.10. Subsidiaries; Equity Interests
	 	 	83	 
	Section 5.11. Margin Regulations; Investment Company Act
	 	 	83	 
	Section 5.12. Disclosure
	 	 	83	 
	Section 5.13. Intellectual Property; Licenses, etc
	 	 	84	 
	Section 5.14. Solvency
	 	 	84	 
	Section 5.15. Perfection, Etc
	 	 	84	 
	 
	 	 	 	 
	Article 6

	Affirmative Covenants

	 
	 	 	 	 
	Section 6.01. Financial Statements
	 	 	85	 
	Section 6.02. Certificates; Other Information
	 	 	86	 
	Section 6.03. Notices
	 	 	87	 
	Section 6.04. Payment of Obligations
	 	 	88	 
	Section 6.05. Preservation of Existence, Etc
	 	 	88	 
	Section 6.06. Maintenance of Properties
	 	 	88	 
	Section 6.07. Maintenance of Insurance
	 	 	88	 
	Section 6.08. Compliance with Laws
	 	 	89	 
	Section 6.09. Books and Records
	 	 	89	 
	Section 6.10. Inspection Rights
	 	 	89	 
	Section 6.11. Use of Proceeds
	 	 	89	 
	Section 6.12. Covenant to Guarantee Secured Obligations and Give Security
	 	 	89	 
	Section 6.13. Further Assurances
	 	 	92	 
	Section 6.14. Designation of Subsidiaries
	 	 	93	 

ii

 

	 	 	 	 	 
	 	 	Page	 
	Article 7

	Negative Covenants

	 
	 	 	 	 
	Section 7.01. Liens
	 	 	94	 
	Section 7.02. Investments
	 	 	97	 
	Section 7.03. Indebtedness
	 	 	100	 
	Section 7.04. Fundamental Changes
	 	 	102	 
	Section 7.05. Dispositions; Sale and Leaseback Transactions
	 	 	103	 
	Section 7.06. Restricted Payments
	 	 	103	 
	Section 7.07. Transactions with Affiliates
	 	 	104	 
	Section 7.08. Burdensome Agreements
	 	 	105	 
	Section 7.09. Financial Covenants
	 	 	105	 
	Section 7.10. Prepayments, Etc
	 	 	106	 
	 
	 	 	 	 
	Article 8

	Events of Default and Remedies

	 
	 	 	 	 
	Section 8.01. Events of Default
	 	 	106	 
	Section 8.02. Remedies Upon Event of Default
	 	 	109	 
	Section 8.03. Application of Funds
	 	 	109	 
	 
	 	 	 	 
	Article 9

	Administrative Agent and Other Agents

	 
	 	 	 	 
	Section 9.01. Appointment and Authorization of Agents
	 	 	110	 
	Section 9.02. Delegation of Duties
	 	 	111	 
	Section 9.03. Liability of Agents
	 	 	111	 
	Section 9.04. Reliance by Agents
	 	 	112	 
	Section 9.05. Notice of Default
	 	 	112	 
	Section 9.06. Credit Decision; Disclosure of Information by Agents
	 	 	113	 
	Section 9.07. Indemnification of Agents
	 	 	113	 
	Section 9.08. Agents in their Individual Capacities
	 	 	114	 
	Section 9.09. Successor Agents
	 	 	114	 
	Section 9.10. Administrative Agent May File Proofs of Claim
	 	 	115	 
	Section 9.11. Collateral and Guaranty Matters
	 	 	115	 
	Section 9.12. Other Agents; Arrangers and Managers
	 	 	116	 
	Section 9.13. Appointment of Supplemental Administrative Agents
	 	 	116	 
	 
	 	 	 	 
	Article 10

	Miscellaneous

	 
	 	 	 	 
	Section 10.01. Amendments, Etc
	 	 	117	 
	Section 10.02. Notices and Other Communications; Facsimile Copies
	 	 	120	 
	Section 10.03. No Waiver; Cumulative Remedies
	 	 	121	 
	Section 10.04. Attorney Costs, Expenses and Taxes
	 	 	121	 
	Section 10.05. Indemnification by the Borrower
	 	 	122	 
	Section 10.06. Payments Set Aside
	 	 	123	 

iii

 

	 	 	 	 	 
	 	 	Page	 
	Section 10.07. Assigns
	 	 	124	 
	Section 10.08. Successors
	 	 	127	 
	Section 10.09. Confidentiality
	 	 	128	 
	Section 10.10. Set-off
	 	 	128	 
	Section 10.11. Interest Rate Limitation
	 	 	129	 
	Section 10.12. Counterparts
	 	 	129	 
	Section 10.13. Integration
	 	 	129	 
	Section 10.14. Survival of Representations and Warranties
	 	 	129	 
	Section 10.15. Severability
	 	 	130	 
	Section 10.16. Tax Forms
	 	 	130	 
	Section 10.17. Governing Law
	 	 	133	 
	Section 10.18. Waiver of Right to Trial by Jury
	 	 	133	 
	Section 10.19. Binding Effect
	 	 	133	 
	Section 10.20. No Implied Duties
	 	 	133	 
	Section 10.21. USA Patriot Act Notice
	 	 	134	 

iv

 

	 	 	 

	SCHEDULES
	 	 
	 
	 	 
	1.01A
	 	Effective Date Subsidiary Guarantors
	1.01B
	 	Unrestricted Subsidiaries
	2.01
	 	Commitments
	5.06
	 	Litigation
	5.10
	 	Subsidiaries
	7.01
	 	Existing Liens
	7.02
	 	Existing Investments
	7.03
	 	Existing Indebtedness
	7.07
	 	Transactions with Affiliates
	7.08
	 	Existing Restrictions
	10.02
	 	Administrative Agent’s Office; Certain Addresses for Notices
	 
	 	 
	EXHIBITS
	 	 
	 
	 	 
	 
	 	Form of
	 
	 	 
	A
	 	Committed Loan Notice
	B
	 	Swing Line Loan Notice
	C-1
	 	Term A Note
	C-2
	 	Term B Note
	C-3
	 	Revolving Credit Note
	D
	 	Compliance Certificate
	E
	 	Assignment and Assumption
	F
	 	Subsidiary Guaranty
	G
	 	Security Agreement
	H
	 	Subordination Terms
	I
	 	Perfection Certificate
	J
	 	Opinions of Counsel
	K
	 	Mortgage

v

 

AMENDED AND RESTATED CREDIT AGREEMENT

     AMENDED AND RESTATED CREDIT AGREEMENT (“Agreement”) dated as of August 18, 2011, among LENDER
PROCESSING SERVICES, INC., a Delaware corporation (the “Borrower”), each lender from time to time
party hereto (collectively, the “Lenders” and individually, a “Lender”) and JPMORGAN CHASE BANK,
N.A., as Administrative Agent, Swing Line Lender and L/C Issuer.

Recitals

     The Borrower, certain of the Lenders, the Issuing Banks and JPMorgan Chase Bank, N.A, as
Administrative Agent, L/C Issuer and Swing Line Lender are party to the Original Credit Agreement
(such terms and other capitalized terms used in these preliminary statements being defined in
Section 1.01 hereof).

     In connection with the Transaction, the Borrower has requested that the Lenders and the L/C
Issuer extend credit to it in the form of (a) a $400,000,000 revolving credit facility (with a
$25,000,000 sub-facility for Letters of Credit) and (b) Term A Loans in an aggregate principal
amount of $535,000,000 and (c) Term B Loans in an aggregate principal amount of $250,000,000.

     The Lenders have indicated their willingness to extend such credit and the L/C Issuer has
indicated its willingness to so issue Letters of Credit, in each case, on the terms and subject to
the conditions set forth herein.

     Pursuant to the terms hereof, and upon satisfaction of the conditions set forth herein, the
provisions of the Original Credit Agreement are being amended and restated in the form of this
Agreement and the Borrower and each other Loan Party shall reaffirm their obligations under the
guarantees, the Security Documents and any other Loan Document to which it is a party.

     In consideration of the mutual covenants and agreements herein contained, the parties hereto
covenant and agree as follows:

ARTICLE 1

Definitions and Accounting Terms

     Section 1.01 Defined Terms. As used in this Agreement, the following terms shall have the
meanings set forth below:

     “1934 Act” means the Securities Exchange Act of 1934.

     “Additional Commitments Compliance Condition” has the meaning specified in Section 2.14(a).

     “Additional Commitments Effective Date” has the meaning specified in Section 2.14(e).

     “Additional Guarantor” has the meaning specified in Section 6.12(b).

 

 

     “Additional Revolving Credit Commitments” has the meaning specified in Section 2.14(c).

     “Additional Term Loans” has the meaning specified in Section 2.14(b).

     “Additional Term Loan Tranche” has the meaning specified in Section 2.14(b).

     “Administrative Agent” means JPMCB in its capacity as administrative agent under any of the
Loan Documents, or any successor administrative agent.

     “Administrative Agent’s Office” means the Administrative Agent’s address and, as appropriate,
account as set forth on Schedule 10.02, or such other address or account as the Administrative
Agent may from time to time notify the Borrower and the Lenders.

     “Administrative Questionnaire” means an Administrative Questionnaire in a form supplied by the
Administrative Agent.

     “Affiliate” means, with respect to any Person, another Person that directly, or indirectly
through one or more intermediaries, Controls or is Controlled by or is under common Control with
the Person specified. “Control” means the possession, directly or indirectly, of the power to
direct or cause the direction of the management or policies of a Person, whether through the
ability to exercise voting power, by contract or otherwise. “Controlling” and “Controlled” have
meanings correlative thereto.

     “Agent-Related Persons” means the Administrative Agent, together with its Affiliates, and the
officers, directors, employees, agents and attorneys-in-fact of such Persons.

     “Agents” means, collectively, the Administrative Agent, the Documentation Agents and the
Supplemental Administrative Agents (if any).

     “Aggregate Commitments” means the Commitments of all the Lenders.

     “Aggregate Revolving Credit Commitments” means, at any time, the aggregate amount of the
Revolving Credit Commitments of the Revolving Credit Lenders at such time.

     “Agreement” means this Amended and Restated Credit Agreement.

     “Amendment Agreement” means the Amendment, Restatement and Joinder Agreement dated as of
August 18, 2011 among the Borrower, the Lenders party thereto and JPMCB, as Administrative Agent,
Swing Line Lender and L/C Issuer.

     “Applicable Leverage Ratio” means (a) with respect to Section 7.06(i)(ii), (i) for any day
prior to the delivery of the financial statements under Section 6.01(b) for the fiscal quarter
ended September 30, 2011, 3.00:1 and (ii) for any day thereafter, a Leverage Ratio that is 25 basis
points less than the maximum permitted Leverage Ratio for the most recently ended test date at such
time that is set forth in the table in Section 7.09(a), and (b) with respect to Section 7.10(c),
(i) for any day prior to the delivery of the financial statements under Section 6.01(b) for the
fiscal quarter ending September 30, 2011, 2.75:1 and (ii) for any day thereafter, a Leverage

2

 

Ratio that is 50 basis points less than the maximum permitted Leverage Ratio for the most
recently ended test date at such time that is set forth in the table in Section 7.09(a).

     “Applicable Margin” means a percentage per annum equal to:

     (a) with respect to any Term B Loan, 4.50% per annum in the case of a Eurodollar Rate
Loan, and 3.50% per annum in the case of a Base Rate Loan; and

     (b) with respect to (i) any Term A Loan, (ii) any Revolving Credit Loan, (iii) the
commitment fee to be paid pursuant to Section 2.09(a) (as used below, the “Commitment Fee”)
and (iv) the Letter of Credit fee (the “L/C Fee”), (A) until the first Business Day after
delivery of the Compliance Certificate with respect to the first fiscal quarter ending after
the Effective Date, the percentages per annum set forth below for Pricing Level 2 and (B)
thereafter, the following percentages per annum based upon the Leverage Ratio as set forth
below:

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Term A Loans and Revolving Credit Facility
	 	 	 	 	 	 	Eurodollar Rate/	 	 	 	 
	Pricing Level	 	Leverage Ratio	 	L/C Fee	 	Base Rate	 	Commitment Fee
	1
	 	 	< 2.00:1	 	 	 	2.00	%	 	 	1.00	%	 	 	0.375	%
	2
	 	3 2.00:1 and < 2.50:1	 	 	2.25	%	 	 	1.25	%	 	 	0.50	%
	3
	 	3 2.50:1 and < 3.25:1	 	 	2.50	%	 	 	1.50	%	 	 	0.50	%
	4
	 	 	3 3.25:1	 	 	 	2.75	%	 	 	1.75	%	 	 	0.50	%

Any increase or decrease in the Applicable Margin resulting from a change in the Leverage
Ratio shall become effective as of the first Business Day immediately following the date a
Compliance Certificate is delivered pursuant to Section 6.02(b); provided that at the option of
the Administrative Agent or the Required Lenders, Pricing Level 4 shall apply (1) as of the first
Business Day after the date on which a Compliance Certificate was required to have been delivered
but was not delivered, and shall continue to so apply to and including the date on which such
Compliance Certificate is so delivered (and thereafter the Pricing Level otherwise determined in
accordance with this definition shall apply) and (2) as of the first Business Day after an Event of
Default set forth in Section 8.01(a) or (f) shall have occurred and be continuing, and shall
continue to so apply to but excluding the date on which such Event of Default is cured or waived
(and thereafter the Pricing Level otherwise determined in accordance with this definition shall
apply).

     “Appropriate Lender” means, at any time, (a) with respect to Loans of any Class, the Lenders
of such Class, (b) with respect to the Letter of Credit Sublimit, the L/C Issuer and (c) with
respect to the Swing Line Facility, the Swing Line Lender.

     “Approved Foreign Bank” has the meaning specified in clause (k) of the definition of “Cash
Equivalents”.

     “Approved Fund” means any Fund that is administered, advised or managed by (a) a Lender, (b)
an Affiliate of a Lender or (c) an entity or an Affiliate of an entity that administers, advises or
manages a Lender.

3

 

     “Arrangers” means J.P. Morgan Securities LLC, SunTrust Bank, U.S. Bank National Association
and Wells Fargo Securities, LLC, each in its capacity as a joint lead arranger and joint bookrunner
of the Facilities.

     “Assignee Group” means two or more Eligible Assignees that are Affiliates of one another or
two or more Approved Funds managed by the same investment advisor.

     “Assignment and Assumption” means an Assignment and Assumption substantially in the form of
Exhibit E.

     “Attorney Costs” means and includes all reasonable fees, expenses and disbursements of any law
firm or other external counsel.

     “Attributable Indebtedness” means, on any date, in respect of any Capitalized Lease of any
Person, the capitalized amount thereof that would appear on a balance sheet of such Person prepared
as of such date in accordance with GAAP.

     “Auto-Renewal Letter of Credit” has the meaning specified in Section 2.03(b)(iii).

     “Available Amount” means, at any time, the sum of:

     (a) 50% of Consolidated Net Income determined on a cumulative basis for all fiscal
quarters beginning with the fiscal quarter ending on September 30, 2011 and ending most
recently prior to the date of determination for which financial statements have been
delivered pursuant to Section 6.01(a) or (b) (or, if such Consolidated Net Income is
negative, minus 100% of the absolute value of such Consolidated Net Income for such period);
plus

     (b) 100% of the Net Cash Proceeds received by the Borrower following the Effective Date
from the issuance of Qualified Equity Interests (except to the extent such proceeds have
been applied pursuant to Section 7.06(g)); minus

     (c) the aggregate amount of any Investments outstanding at such time pursuant to (and
calculated in accordance with) Section 7.02(t) or any Restricted Payments made prior to
such time pursuant to Section 7.06(i)(ii)(y).

     “Bankruptcy Event” means, with respect to any Person, such Person becomes the subject of a
bankruptcy or insolvency proceeding, or has had a receiver, conservator, trustee, administrator,
custodian, assignee for the benefit of creditors or similar Person charged with the reorganization
or liquidation of its business appointed for it, or, in the good faith determination of the
Administrative Agent, has taken any action in furtherance of, or indicating its consent to,
approval of, or acquiescence in, any such proceeding or appointment, provided that a Bankruptcy
Event shall not result solely by virtue of any ownership interest, or the acquisition of any
ownership interest, in such Person by a Governmental Authority or instrumentality thereof,
provided, further, that such ownership interest does not result in or provide such Person with
immunity from the jurisdiction of courts within the United States or from the enforcement of
judgments or writs of attachment on its assets or permit such Person (or such Governmental

4

 

Authority or instrumentality) to reject, repudiate, disavow or disaffirm any contracts or
agreements made by such Person.

     “Base Rate” means for any day a fluctuating rate per annum equal to the highest of (a) the
Federal Funds Rate plus 1/2 of 1%, (b) the rate of interest in effect for such day as publicly
announced from time to time by JPMCB as its “prime rate” and (c) the Eurodollar Rate (determined
solely for this purpose as for a Eurodollar Loan with an Interest Period of one month for which the
Eurodollar Rate were determined on such date) plus 1.00%. The “prime rate” is a rate set by JPMCB
based upon various factors including JPMCB’s costs and desired return, general economic conditions
and other factors, and is used as a reference point for pricing some loans, which may be priced at,
above, or below such announced rate. Any change in such rate announced by JPMCB shall take effect
at the opening of business on the day specified in the public announcement of such change.

     “Base Rate Loan” means a Loan that bears interest based on the Base Rate.

     “Borrower” has the meaning specified in the introductory paragraph to this Agreement.

     “Borrower Materials” has the meaning specified in Section 6.02.

     “Borrowing” means a Revolving Credit Borrowing, a Swing Line Borrowing, a Term A Borrowing or
a Term B Borrowing, as the context may require.

     “Business Day” means any day other than a Saturday, Sunday or other day on which commercial
banks are authorized to close under the Laws of, or are in fact closed in, the state where the
Administrative Agent’s Office is located and, if such day relates to any Eurodollar Rate Loan,
means any such day on which dealings in deposits in Dollars are conducted by and between banks in
the London interbank eurodollar market.

     “Capital Expenditures” means, without duplication, any expenditure for any purchase or other
acquisition of any asset which would be classified as a fixed or capital asset on a consolidated
balance sheet of the Borrower and its Subsidiaries prepared in accordance with GAAP.

     “Capitalized Leases” means all leases that have been or should be, in accordance with GAAP,
recorded as capitalized leases on a balance sheet of the lessee.

     “Capital Lease Obligations” of any Person means the obligations of such Person to pay rent or
other amounts under any Capital Lease.

     “Cash Collateral” has the meaning specified in Section 2.03(g).

     “Cash Collateral Account” means a deposit account at the Administrative Agent in the name of
the Administrative Agent and under the sole dominion and control of the Administrative Agent, and
otherwise established in a manner satisfactory to the Administrative Agent.

     “Cash Collateralize” has the meaning specified in Section 2.03(g).

5

 

     “Cash Equivalents” means any of the following types of Investments, to the extent owned by the
Borrower or any of its Restricted Subsidiaries:

     (a) operating deposit accounts maintained by the Restricted Companies;

     (b) securities issued or unconditionally guaranteed by the United States government or
any agency or instrumentality thereof having maturities of not more than 12 months from the
date of acquisition thereof or other durations approved by the Administrative Agent
(provided, however, that the limitation on maturity shall not apply to any such securities
held by any Regulated Subsidiary);

     (c) securities issued by any state of the United States or any political subdivision of
any such state or any public instrumentality thereof having maturities of not more than 12
months from the date of acquisition thereof or other durations approved by the
Administrative Agent and, at the time of acquisition, having a rating of at least “A-2” or
“P-2” (or long-term ratings of at least “A3” or “A-”) from either S&P or Moody’s, or, with
respect to municipal bonds, a rating of at least MIG 2 or VMIG 2 from Moody’s (or the
equivalent thereof) (provided, however, that the limitation on maturity shall not apply to
any such securities held by any Regulated Subsidiary);

     (d) commercial paper issued by any Lender that is a commercial bank or any bank holding
company owning any Lender;

     (e) commercial paper maturing not more than 12 months after the date of creation
thereof or other durations approved by the Administrative Agent and, at the time of
acquisition, having a rating of at least A-1 or P-1 from either S&P or Moody’s and
commercial paper maturing not more than 90 days after the creation thereof and, at the time
of acquisition, having a rating of at least A-2 or P-2 from either S&P or Moody’s;

     (f) domestic and eurodollar certificates of deposit or bankers’ acceptances maturing no
more than one year after the date of acquisition thereof or other durations approved by the
Administrative Agent which are either issued by any Lender or any other banks having
combined capital and surplus of not less than $100,000,000 (or in the case of foreign banks,
the dollar equivalent thereof) or are insured by the Federal Deposit Insurance Corporation
for the full amount thereof;

     (g) repurchase agreements with a term of not more than 30 days for, and secured by,
underlying securities of the type without regard to maturity described in clauses (b), (c)
and (f) above entered into with any bank meeting the qualifications specified in clause (f)
above or securities dealers of recognized national standing;

     (h) shares of investment companies that are registered under the Investment Company Act
of 1940 and invest solely in one or more of the types with regard to maturity of securities
described in clauses (b) through (g) above;

     (i) fixed maturity securities which are rated BBB- and above by S&P or Baa3 and above
by Moody’s; provided that the aggregate amount of Investments by any Person in fixed
maturity securities which are rated BBB+, BBB or BBB- by S&P or Baa1, Baa2

6

 

or Baa3 by Moody’s shall not exceed 10% of the aggregate amount of Investments in fixed
maturity securities by such Person; and

     (j) solely with respect to any Foreign Subsidiary, non-Dollar denominated (i)
certificates of deposit of, bankers acceptances of, or time deposits with, any commercial
bank which is organized and existing under the laws of the country in which such Foreign
Subsidiary maintains its chief executive office and principal place of business provided
such country is a member of the Organization for Economic Cooperation and Development, and
whose short-term commercial paper rating from S&P is at least “A-1” or the equivalent
thereof or from Moody’s is at least “P-1” or the equivalent thereof (any such bank being an
“Approved Foreign Bank”) and maturing within 12 months of the date of acquisition or other
durations approved by the Administrative Agent and (ii) (A) equivalents of demand deposit
accounts which are maintained with an Approved Foreign Bank or (B) other temporary
investments (with maturities less than 12 months or other durations approved by the
Administrative Agent) of a non-speculative nature which are made with preservation of
principal as the primary objective and in each case in accordance with normal investment
practices for cash management of such Foreign Subsidiaries.

     “Cash Management Practices” means the cash, Cash Equivalent and short-term investment
management practices of the Restricted Companies as approved by the board of directors or chief
financial officer of the Borrower from time to time, including any Indebtedness of the Restricted
Companies having a maturity of 92 days or less representing borrowings from any financial
institution with which the Restricted Companies have a depository or other investment relationship
in connection with such practices (or any Affiliate of such financial institution), which
borrowings may be secured by the cash and Cash Equivalents purchased by the relevant Restricted
Company with the proceeds of such borrowings.

     “Casualty Event” means any event that gives rise to the receipt by the Borrower or Restricted
Subsidiary of any insurance proceeds or condemnation awards in respect of any equipment, fixed
assets or real property (including any improvements thereon) to replace or repair such equipment,
fixed assets or real property.

     “Change in Law” means the occurrence, after the Effective Date (or with respect to any Lender,
if later, the date on which such Lender becomes a Lender), of any of the following: (a) the
adoption or taking effect of any law, rule, regulation or treaty, (b) any change in any law, rule,
regulation or treaty or in the administration, interpretation or application thereof by any
Governmental Authority, or (c) the making or issuance of any request, rules, guideline, requirement
or directive (whether or not having the force of law) by any Governmental Authority; provided
however, that notwithstanding anything herein to the contrary, (i) the Dodd-Frank Wall Street
Reform and Consumer Protection Act and all requests, rules, guidelines, requirements and directives
thereunder, issued in connection therewith or in implementation thereof, and (ii) all requests,
rules, guidelines, requirements and directives promulgated by the Bank for International
Settlements, the Basel Committee on Banking Supervision (or any successor or similar authority) or
the United States or foreign regulatory authorities, in each case pursuant to Basel III, shall in
each case be deemed to be a “Change in Law” regardless of the date enacted, adopted, issued or
implemented.

7

 

     “Change of Control” means the earliest to occur of:

     (a) a “person” or “group” (as such terms are used in Sections 13(d) and 14(d)(2) of the
1934 Act, but excluding any employee benefit plan of such person and its subsidiaries, and
any person or entity acting in its capacity as trustee, agent or other fiduciary or
administrator of any such plan), shall become the “beneficial owner” (as defined in Rules
13(d)-3 and 13(d)-5 under the 1934 Act), directly or indirectly, of more than 35% of the
then outstanding voting stock of the Borrower;

     (b) during any period of twelve consecutive months, the board of directors of the
Borrower shall cease to consist of a majority of the Continuing Directors; and

     (c) any “Change of Control” (or any comparable term) in any document pertaining to any
Permitted Subordinated Indebtedness with an aggregate outstanding principal amount in excess
of the Threshold Amount.

     “Class” (a) when used with respect to Lenders, refers to whether such Lenders are Revolving
Credit Lenders, Term A Lenders or Term B Lenders, (b) when used with respect to Commitments, refers
to whether such Commitments are Revolving Credit Commitments, Term A Commitments or Term B
Commitments and (c) when used with respect to Loans or a Borrowing, refers to whether such Loans,
or the Loans comprising such Borrowing, are Revolving Credit Loans, Term A Loans or Term B Loans.

     “Code” means the U.S. Internal Revenue Code of 1986.

     “Collateral” means all of the “Collateral” referred to in the Collateral Documents and all of
the other property and assets that are or are required under the terms hereof or of the Collateral
Documents to be subject to Liens in favor of the Collateral Agent for the benefit of the Secured
Parties.

     “Collateral Agent” means JPMCB in its capacity as collateral agent, or any successor
collateral agent.

     “Collateral Documents” means, collectively, the Security Agreement, the Intellectual Property
Security Agreement, the Mortgages, and each of the other agreements, instruments or documents that
creates or purports to create a Lien in favor of the Administrative Agent for the benefit of the
Secured Parties, including collateral assignments, Security Agreement Supplements, security
agreements, pledge agreements or other similar agreements delivered to the Administrative Agent and
the Lenders pursuant to Section 6.12.

     “Commitment” means a Term A Commitment, Term B Commitment or Revolving Credit Commitment, as
the context may require.

     “Committed Borrowing” means a borrowing consisting of simultaneous Committed Loans of the same
Type and Class and, in the case of Eurodollar Rate Loans, having the same Interest Period.

     “Committed Loan” means a Term Loan or a Revolving Credit Loan.

8

 

     “Committed Loan Notice” means a notice of (a) a Term A Borrowing, (b) a Term B Borrowing, (c)
a Revolving Credit Borrowing, (d) a conversion of Committed Loans from one Type to the other or (e)
a continuation of Eurodollar Rate Loans, pursuant to Section 2.02, which, if in writing, shall be
substantially in the form of Exhibit A.

     “Compensation Period” has the meaning specified in Section 2.12(b)(ii).

     “Compliance Certificate” means a certificate substantially in the form of Exhibit D.

     “Consolidated Companies” means the Borrower and its Consolidated Subsidiaries.

     “Consolidated EBITDA” means, as of any date for the applicable period ending on such date with
respect to any Person and its Restricted Subsidiaries on a consolidated basis, the sum of

     (a) Consolidated Net Income, plus

     (b) an amount which, in the determination of Consolidated Net Income for such period,
has been deducted for, without duplication,

     (i) total interest expense,

     (ii) income, franchise and similar taxes,

     (iii) depreciation and amortization expense (including amortization of
intangibles, goodwill and organization costs),

     (iv) letter of credit fees,

     (v) non-cash expenses resulting from any employee benefit or management
compensation plan or the grant of stock and stock options to employees of the
Borrower or any of its Restricted Subsidiaries pursuant to a written plan or
agreement or the treatment of such options under variable plan accounting,

     (vi) all extraordinary charges,

     (vii) non-cash amortization (or write offs) of financing costs (including debt
discount, debt issuance costs and commissions and other fees associated with
Indebtedness, including the Loans) of such Person and its Restricted Subsidiaries,

     (viii) cash expenses incurred in connection with the Transaction or, to the
extent permitted hereunder, any Investment permitted under Section 7.02 (including
any Permitted Acquisition), Equity Issuance or Debt Issuance (in each case, whether
or not consummated),

     (ix) any losses realized upon the Disposition of property or assets outside of
the ordinary course of business,

9

 

     (x) to the extent actually reimbursed, expenses incurred to the extent covered
by indemnification provisions in any agreement in connection with a Permitted
Acquisition,

     (xi) to the extent covered by insurance, expenses with respect to liability or
casualty events or business interruption,

     (xii) any non-cash purchase accounting adjustment and any non-cash write-up,
write-down or write-off with respect to re-valuing assets and liabilities in
connection with any Investment permitted under Section 7.02 (including any
Permitted Acquisition),

     (xiii) non-cash losses from Joint Ventures and non-cash minority interest
reductions,

     (xiv) fees and expenses in connection with exchanges or refinancings permitted
by Section 7.10,

     (xv) (A) non-cash, non-recurring charges with respect to employee severance,
(B) other non-cash, non-recurring charges so long as such charges described in this
clause (B) do not result in a cash charge in a future period (except as permitted
under clause (C) below) and (C) non-recurring charges other than those referred to
in clauses (A) and (B) so long as such charges described in this clause (C) do not
exceed $35,000,000 during any fiscal year, and

     (xvi) other expenses and charges of such Person and its Restricted Subsidiaries
reducing Consolidated Net Income which do not represent a cash item in such period
or any future period; minus

     (c) an amount which, in the determination of Consolidated Net Income, has been included
for

     (i) (A) non-cash gains (other than with respect to cash actually received) and
(B) all extraordinary gains, and

     (ii) any gains realized upon the Disposition of property outside of the
ordinary course of business, plus/minus

     (d) an amount which, in the determination of Consolidated Net Income, has been
reflected for unrealized losses/gains in respect of Swap Contracts,

all as determined in accordance with GAAP.

     “Consolidated Interest Charges” means, as of any date for the applicable period ending on such
date with respect to any Person and its Restricted Subsidiaries on a consolidated basis, the amount
payable with respect to such period in respect of (a) total interest expense payable in cash plus
pay-in-kind interest in respect of Indebtedness (other than Specified Non-Recourse Indebtedness) of
the type set forth in clause (a) of the definition thereof (including the interest

10

 

component under Capitalized Leases, but excluding, to the extent included in interest expense,
(i) fees and expenses associated with the consummation of the Transaction, (ii) annual agency fees
paid to the Administrative Agent, (iii) costs associated with obtaining Swap Contracts, (iv) fees
and expenses associated with any Investment permitted under Section 7.02, Equity Issuance or Debt
Issuance (whether or not consummated) and (v) amortization of deferred financing costs), minus (b)
interest income of such Person and its Restricted Subsidiaries earned during such period, in each
case as determined in accordance with GAAP.

     “Consolidated Net Income” means, as of any date for the applicable period ending on such date
with respect to any Person and its Restricted Subsidiaries on a consolidated basis, net income
(excluding, without duplication, (i) extraordinary items and (ii) any amounts attributable to
Investments in any Joint Venture to the extent that (A) such amounts were not earned by such Joint
Venture during the applicable period, (B) there exists any legal or contractual encumbrance or
restriction on the ability of such Joint Venture to pay dividends or make any other distributions
in cash on the Equity Interests of such Joint Venture held by such Person and its Restricted
Subsidiaries, but only to the extent so encumbered or restricted or (C) such Person does not have
the right to receive or the ability to cause to be distributed its pro rata share of all earnings
of such Joint Venture) as determined in accordance with GAAP; provided that Consolidated Net Income
for any such period shall not include (w) the cumulative effect of a change in accounting
principles during such period, (x) any net after-tax income or loss (less all fees and expenses or
charges relating thereto) attributable to the early extinguishment of indebtedness, (y) any
non-cash charges resulting from mark-to-market accounting relating to Equity Interests and (z) any
non-cash impairment charges resulting from the application of Statement of Financial Accounting
Standards No. 142 — Goodwill and Other Intangibles and No. 144 — Accounting for the Impairment or
Disposal of Long-Lived Assets and the amortization of intangibles including arising pursuant to
Statement of Financial Accounting Standards No. 141 — Business Combinations.

     “Consolidated Shareholders’ Equity” means, as of any date of determination, the consolidated
shareholders’ equity of the Borrower and its Subsidiaries that would be reported as shareholders’
equity on a consolidated balance sheet of the Borrower and its Subsidiaries prepared as of such
date in accordance with GAAP.

     “Consolidated Subsidiaries” means, with respect to any Person at any time, all Subsidiaries of
such Person that would be consolidated in the financial statements of such Person on such date
prepared in accordance with GAAP, but excluding any such consolidated Subsidiary of such Person
that would not be so consolidated but for the effect of FIN 46.

     “Continuing Directors” shall mean the directors of the Borrower on the Effective Date, and
each other director, if, in each case, such other directors’ nomination for election to the board
of directors of the Borrower is recommended by a majority of the then Continuing Directors.

     “Contractual Obligation” means, as to any Person, any provision of any security issued by such
Person or of any agreement, instrument or other undertaking to which such Person is a party or by
which it or any of its property is bound.

11

 

     “Control” has the meaning specified in the definition of “Affiliate.”

     “Credit Extension” means each of the following: (a) a Borrowing and (b) an L/C Credit
Extension.

     “Credit Party” means the Administrative Agent, the L/C Issuer, the Swing Line Lender or any
other Lender.

     “Debt Issuance” means the issuance by any Person and its Restricted Subsidiaries of any
Indebtedness for borrowed money.

     “Debtor Relief Laws” means the Bankruptcy Code of the United States, and all other
liquidation, conservatorship, bankruptcy, general assignment for the benefit of creditors,
moratorium, rearrangement, receivership, insolvency, reorganization, or similar debtor relief Laws
of the United States or other applicable jurisdictions from time to time in effect and affecting
the rights of creditors generally.

     “Default” means any event or condition that constitutes an Event of Default or that, with the
giving of any notice, the passage of time, or both, would be an Event of Default.

     “Default Rate” means an interest rate equal to (a) the Base Rate plus (b) the Applicable
Margin, if any, applicable to Base Rate Loans plus (c) 2.0% per annum; provided that with respect
to a Eurodollar Rate Loan, the Default Rate shall be an interest rate equal to the interest rate
(including any Applicable Margin) otherwise applicable to such Loan plus 2.0% per annum, in each
case, to the fullest extent permitted by applicable Laws.

     “Defaulting Lender” means any Lender that (a) has failed, within two Business Days of the date
required to be funded or paid, to (i) fund any portion of its Loans, (ii) fund any portion of its
participations in L/C Obligations or Swing Line Obligations or (iii) pay over to any Credit Party
any other amount required to be paid by it hereunder, unless (A) in the case of clause (i) above,
such Lender notifies the Administrative Agent and the Borrower in writing that such failure is the
result of such Lender’s good faith determination that a condition precedent to funding
(specifically identified and including the particular default, if any) has not been satisfied or
(B) in the case of clause (iii) above, such Lender notifies the Administrative Agent and the
Borrower in writing that the failure to pay such other amount is the subject of a good faith
dispute, (b) has notified the Borrower or any Credit Party in writing, or has made a public
statement to the effect, that it does not intend or expect to comply with any of its funding
obligations under this Agreement (unless such writing or public statement indicates that such
position is based on such Lender’s good faith determination that a condition precedent
(specifically identified and including the particular default, if any) to funding a loan under this
Agreement cannot be satisfied) or generally under other agreements in which it commits to extend
credit, (c) has failed, within three Business Days after request by a Credit Party or the Borrower,
acting in good faith, to provide a certification in writing from an authorized officer of such
Lender that it will comply with its obligations (and is financially able to meet such obligations)
to fund prospective Loans and participations in then outstanding L/C Obligations and Swing Line
Obligations under this Agreement, provided that such Lender shall cease to be a Defaulting Lender
pursuant to this clause (c) upon such Credit Party’s and the Borrower’s receipt

12

 

of such
certification in form and substance satisfactory to it and the Administrative Agent, or (d) has
become the subject of a Bankruptcy Event.

     “Disposition” or “Dispose” means the sale, transfer, license, lease or other disposition of
any property by any Person (including any sale and leaseback transaction and any sale of Equity
Interests, but excluding any issuance by such Person of its own Equity Interests), including any
sale, assignment, transfer or other disposal, with or without recourse, of any notes or accounts
receivable or any rights and claims associated therewith.

     “Disposition Threshold” means $10,000,000 per fiscal year; provided that, to the extent that
any portion of the Disposition Threshold for any fiscal year is not used in such fiscal year, such
unused portion may be carried over and used to increase the Disposition Threshold for subsequent
fiscal years on a dollar-for-dollar basis; provided, however, that in no event shall the
Disposition Threshold exceed $25,000,000 in any fiscal year.

     “Disqualified Equity Interests” means any Equity Interest which, by its terms (or by the terms
of any security or other Equity Interests into which it is convertible or for which it is
exchangeable), or upon the happening of any event or condition (a) matures or is mandatorily
redeemable, pursuant to a sinking fund obligation or otherwise, (b) is redeemable at the option of
the holder thereof, in whole or in part, (c) provides for the scheduled payments of dividends in
cash, or (d) is or becomes convertible into or exchangeable for Indebtedness or any other Equity
Interests that would constitute Disqualified Equity Interests, in each case, prior to the date that
is 91 days after the Term B Loan Maturity Date.

     “Dissenting Lender” has the meaning specified in Section 10.01(d).

     “Documentation Agents” means SunTrust Bank, U.S. Bank National Association and Wells Fargo
Bank, National Association, as documentation agents under this Agreement.

     “Dollar” and “$” mean lawful money of the United States.

     “Domestic Restricted Subsidiary” means any Restricted Subsidiary that is a Domestic
Subsidiary.

     “Domestic Subsidiary” means any Subsidiary that is organized under the laws of the United
States, any state thereof or the District of Columbia.

     “Effective Date” means August 18, 2011, subject to satisfaction of all of the conditions
specified in Section 4.03.

     “Effective Date Forecasts” has the meaning specified in Section 5.05(c).

     “Eligible Assignee” means (a) in the case of any assignment of a Term Loan, (i) a Lender, (ii)
an Affiliate of a Lender, (iii) an Approved Fund and (iv) any other Person (other than a natural
person) approved by (A) the Administrative Agent and (B) unless an Event of Default has occurred
and is continuing under Section 8.01(a) or 8.01(f), the Borrower (each such approval not to be
unreasonably withheld or delayed) and (b) in the case of any assignment of a Revolving Credit
Commitment, any Person (other than a natural person) approved by (A) the

13

 

Administrative Agent, (B)
the L/C Issuer, (C) the Swing Line Lender and (D) unless (x) such assignment is to a Lender (who is
not then a Defaulting Lender), an Affiliate of a Lender (who is not then a Defaulting Lender) or an
Approved Fund or (y) an Event of Default has occurred and
is continuing under Section 8.01(a) or 8.01(f), the Borrower (each such approval not to be
unreasonably withheld or delayed); provided that in each case of clauses (a) and (b), neither the
Borrower nor any Affiliate of the Borrower shall be an Eligible Assignee.

     “Environmental Laws” means any and all applicable Federal, state, local, and foreign statutes,
laws, regulations, ordinances, rules, judgments, orders, decrees, permits, concessions, grants,
franchises, licenses, agreements or governmental restrictions relating to pollution and the
protection of the environment or the release of any materials into the environment, including those
related to hazardous substances or wastes, air emissions and discharges to waste or public systems.

     “Environmental Liability” means any liability, contingent or otherwise (including any
liability for damages, costs of environmental remediation, fines, penalties or indemnities), of any
Restricted Company resulting from or based upon (a) violation of any Environmental Law, (b) the
generation, use, handling, transportation, storage, treatment or disposal of any Hazardous
Materials, (c) exposure to any Hazardous Materials, (d) the release or threatened release of any
Hazardous Materials into the environment or (e) any contract, agreement or other consensual
arrangement pursuant to which liability is assumed or imposed with respect to any of the foregoing.

     “Equity Interests” means, with respect to any Person, all of the shares, interests, rights,
participations or other equivalents (however designated) of capital stock of (or other ownership or
profit interests or units in) such Person and all of the warrants, options or other rights for the
purchase, acquisition or exchange from such Person of any of the foregoing (including through
convertible securities).

     “Equity Issuance” means any issuance for cash by any Person and its Restricted Subsidiaries to
any other Person of (a) its Equity Interests, (b) any of its Equity Interests pursuant to the
exercise of options or warrants, (c) any of its Equity Interests pursuant to the conversion of any
debt securities to equity or (d) any options or warrants relating to its Equity Interests. A
Disposition shall not be deemed to be an Equity Issuance.

     “ERISA” means the Employee Retirement Income Security Act of 1974.

     “ERISA Affiliate” means any trade or business (whether or not incorporated) under common
control with the Borrower within the meaning of Section 414(b) or (c) of the Code (and Sections
414(m) and (o) of the Code for purposes of provisions relating to Section 412 of the Code).

     “ERISA Event” means (a) a Reportable Event with respect to a Pension Plan; (b) a withdrawal by
the Borrower or any ERISA Affiliate from a Pension Plan subject to Section 4063 of ERISA during a
plan year in which it was a substantial employer (as defined in Section 4001(a)(2) of ERISA) or a
cessation of operations that is treated as such a withdrawal under Section 4062(e) of ERISA; (c) a
complete or partial withdrawal by the Borrower or any ERISA

14

 

Affiliate from a Multiemployer Plan or
notification that a Multiemployer Plan is in reorganization; (d) the filing of a notice of intent
to terminate, the treatment of a Plan amendment as a termination under Sections 4041 or 4041A of
ERISA, or the commencement of proceedings
by the PBGC to terminate a Pension Plan or Multiemployer Plan; (e) an event or condition which
constitutes grounds under Section 4042 of ERISA for the termination of, or the appointment of a
trustee to administer, any Pension Plan or Multiemployer Plan; or (f) the imposition of any
liability under Title IV of ERISA, other than for PBGC premiums not yet due or premiums due but not
yet delinquent under Section 4007 of ERISA, upon the Borrower or any ERISA Affiliate.

     “Eurodollar Rate” means, for any Interest Period with respect to any Eurodollar Rate Loan:

     (a) the rate per annum equal to the rate determined by the Administrative Agent to be
the British Bankers Association LIBOR Rate (“BBA LIBOR”), as published by Reuters (or other
commercially available source providing quotations of BBA LIBOR as designated by the
Administrative Agent from time to time), for deposits in Dollars (for delivery on the first
day of such Interest Period) with a term equivalent to such Interest Period, determined as
of approximately 11:00 a.m. (London time) two Business Days prior to the first day of such
Interest Period, or

     (b) if the rate referenced in the preceding clause (a) is not available, the rate per
annum determined by the Administrative Agent as the rate of interest at which deposits in
Dollars for delivery on the first day of such Interest Period in immediately available funds
in the approximate amount of the Eurodollar Rate Loan being made, continued or converted by
JPMCB and with a term equivalent to such Interest Period would be offered by JPMCB’s London
Branch to major banks in the London interbank eurodollar market at their request at
approximately 11:00 a.m. (London time) two Business Days prior to the first day of such
Interest Period.

Notwithstanding the foregoing, the Eurodollar Rate with respect to the Term B Loans shall not be
less than 1.00%.

     “Eurodollar Rate Loan” means a Committed Loan that bears interest at a rate based on the
Eurodollar Rate.

     “Eurodollar Rate Revolving Credit Loan” means a Eurodollar Rate Loan that is a Revolving
Credit Loan.

     “Event of Default” has the meaning specified in Section 8.01.

     “Excess Cash Flow” means for any fiscal year of the Borrower, the excess, if any, of:

     (a) the sum, without duplication, of

     (i) Consolidated Net Income for such fiscal year,

     (ii) the amount of all non-cash charges (including depreciation and
amortization) deducted in arriving at such Consolidated Net Income,

15

 

     (iii) decreases in Working Capital for such fiscal year, and

     (iv) the aggregate net amount of non-cash loss on the disposition of property
by the Borrower and its Subsidiaries during such fiscal year (other than sales of
inventory in the ordinary course of business), to the extent deducted in arriving at
such Consolidated Net Income;

minus

     (b) the sum, without duplication, of

     (i) the amount of all non-cash credits included in arriving at such
Consolidated Net Income,

     (ii) Capital Expenditures and Permitted Acquisitions (including any earnout or
other payments made with respect to such Permitted Acquisitions) made in cash to the
extent not financed with (x) the proceeds of long-term Indebtedness (other than the
Obligations) or (y) the proceeds of asset Dispositions and Casualty Events referred
to in clause (b)(vi) below for such fiscal year or any prior fiscal year,

     (iii) the aggregate amount of all regularly scheduled principal payments of
Indebtedness (including the Term Loans and Capitalized Leases) of the Borrower and
its Subsidiaries made during such fiscal year (other than in respect of any
revolving credit facility to the extent there is not an equivalent permanent
reduction in commitments thereunder),

     (iv) increases in Working Capital for such fiscal year,

     (v) the aggregate net amount of non-cash gain on the disposition of property by
the Borrower and its Subsidiaries during such fiscal year (other than sales of
inventory in the ordinary course of business), to the extent included in arriving at
such Consolidated Net Income,

     (vi) proceeds of all Dispositions of assets other than Excluded Dispositions
and all Casualty Events, in each case to the extent received in such fiscal year and
to the extent included in arriving at such Consolidated Net Income,

     (vii) proceeds received by the Restricted Companies from insurance claims
(including, without limitation, with respect to casualty events, business
interruption or product recalls) which reimburse prior business expenses, to the
extent included in arriving at such Consolidated Net Income,

     (viii) cash payments made in satisfaction of non-current liabilities (other
than (A) payments in respect of Indebtedness under this Agreement or (B) regularly
scheduled principal payments of any other Indebtedness),

16

 

     (ix) cash fees and expenses incurred in connection with any Investment
permitted under Section 7.02, Equity Issuance or Debt Issuance (whether or not
consummated),

     (x) cash indemnity payments received pursuant to indemnification provisions in
any agreement in connection with any Permitted Acquisition or any other Investment
permitted hereunder; and

     (xi) increases in the regulatory capital of each Regulated Subsidiary, which
shall be calculated by reference to the increase in the minimum statutory capital
and surplus of such Regulated Subsidiary during such fiscal period times 110%.

     “Excluded Dispositions” means:

     (a) Dispositions of obsolete, used, surplus or worn out property, whether now owned or
hereafter acquired, in the ordinary course of business and Dispositions of property no
longer used or useful in the conduct of the business of the Restricted Companies;

     (b) Dispositions of inventory in the ordinary course of business;

     (c) Dispositions of property to the extent that (i) such property is exchanged for
credit against the purchase price of similar replacement property or (ii) the proceeds of
such Disposition are promptly applied to the purchase price of such replacement property;

     (d) Dispositions of property by a Restricted Company to another Restricted Company;
provided that if the transferor of such property is a Loan Party (x) the transferee thereof
must either be a Loan Party or a Domestic Restricted Company or (y) to the extent such
transaction constitutes an Investment in a Foreign Restricted Subsidiary, such transaction
is permitted by Section 7.02(c);

     (e) Dispositions permitted by Section 7.02, Section 7.04 (so long as any Disposition
pursuant to a liquidation permitted pursuant to Section 7.04 shall be done on a pro rata
basis among the equity holders of the applicable Subsidiary) and Section 7.06 and Liens
permitted by Section 7.01;

     (f) Dispositions by any Restricted Company of property pursuant to sale-leaseback
transactions; provided that (i) if such property so Disposed of constitutes Collateral as of
the Effective Date, the fair market value of all such property so Disposed of in any fiscal
year in excess of the Disposition Threshold for such fiscal year shall be applied to prepay
the Term Loans pursuant to Section 2.05(b), (ii) if any such sale and leaseback transaction
is entered into after the Effective Date to finance the purchase, repair or improvement of
fixed or capital assets, the resulting Capital Lease Obligation is permitted by Section
7.03 and any Lien made the subject of such Capital Lease Obligation is permitted by Section
7.01 and (iii) the purchase price for such property shall be paid to such Restricted Company
for not less than 75% cash consideration;

17

 

     (g) (i) Dispositions of cash and Cash Equivalents and (ii) Dispositions pursuant to and
in accordance with the Cash Management Practices;

     (h) Dispositions of accounts receivable in connection with the collection or compromise
thereof;

     (i) leases, subleases, licenses or sublicenses of property in the ordinary course of
business and which do not materially interfere with the business of the Restricted
Companies;

     (j) transfers of property subject to Casualty Events upon receipt of the Net Cash
Proceeds of such Casualty Event;

     (k) Dispositions in the ordinary course of business consisting of the abandonment of IP
Rights which, in the reasonable good faith determination of the Borrower, are not material
to the conduct of the business of the Restricted Companies;

     (l) Dispositions of Investments in Joint Ventures to the extent required by, or made
pursuant to buy/sell arrangements between the joint venture parties set forth in, joint
venture arrangements and similar binding arrangements in substantially the form as such
arrangements are in effect on the Effective Date;

     (m) Dispositions of property to an Unrestricted Subsidiary; provided that to the extent
constituting an Investment, such Investment must be an Investment permitted by Section
7.02(n);

     (n) Dispositions of real property and related assets in the ordinary course of business
in connection with relocation activities for directors, officers, members of management,
employees or consultants of the Restricted Companies;

     (o) Dispositions of tangible property in the ordinary course of business as part of a
like-kind exchange under Section 1031 of the Code;

     (p) voluntary terminations of Swap Contracts;

     (q) Dispositions of Securitization Assets (or a fractional undivided interest therein)
in a Securitization Financing permitted under Section 7.03(r); and

     (r) Any “fee in lieu” or other disposition of assets to any Governmental Authority that
continue in use by the Borrower or any Restricted Subsidiary, so long as the Borrower or any
Restricted Subsidiary may obtain title to such assets upon reasonable notice by paying a
nominal fee.

     “Facility” means the Term A Loans, the Term B Loans, the Revolving Credit Facility, the Swing
Line Sublimit or the Letter of Credit Sublimit, as the context may require.

18

 

     “FATCA” means sections 1471 through 1474 of the Code, as in effect on the Effective Date, and
any applicable Treasury regulation promulgated thereunder or published administrative guidance
implementing such sections.

     “Federal Funds Rate” means, for any day, the rate per annum equal to the weighted average of
the rates on overnight Federal funds transactions with members of the Federal Reserve System
arranged by Federal funds brokers on such day, as published by the Federal Reserve Bank of New York
on the Business Day next succeeding such day; provided that (a) if such day is not a Business Day,
the Federal Funds Rate for such day shall be such rate on such transactions on the immediately
preceding Business Day as so published on the next succeeding Business Day, and (b) if no such rate
is so published on such next succeeding Business Day, the Federal Funds Rate for such day shall be
the average rate (rounded upward, if necessary, to a whole multiple of 1/100 of 1%) charged to
JPMCB on such day on such transactions as determined by the Administrative Agent.

     “Foreign Lender” means any Lender that is organized under the laws of a jurisdiction other
than that in which the Borrower is resident for tax purposes. For purposes of this definition, the
United States, each State thereof and the District of Columbia shall be deemed to constitute a
single jurisdiction.

     “Foreign Restricted Subsidiary” means any Restricted Subsidiary that is a Foreign Subsidiary.

     “Foreign Subsidiary” means any direct or indirect Subsidiary of the Borrower which is not a
Domestic Subsidiary.

     “FRB” means the Board of Governors of the Federal Reserve System of the United States.

     “Fund” means any Person (other than a natural person) that is engaged in making, purchasing,
holding or otherwise investing in commercial loans and similar extensions of credit.

     “GAAP” means generally accepted accounting principles in the United States set forth in the
opinions and pronouncements of the Accounting Principles Board and the American Institute of
Certified Public Accountants and statements and pronouncements of the Financial Accounting
Standards Board or such other principles as may be approved by a significant segment of the
accounting profession in the United States, that are applicable to the circumstances as of the date
of determination, consistently applied.

     “Governmental Authority” means any nation or government, any state or other political
subdivision thereof, any agency, authority, instrumentality, regulatory body, court, administrative
tribunal, central bank or other entity exercising executive, legislative, judicial, taxing,
regulatory or administrative powers or functions of or pertaining to government.

     “Granting Lender” has the meaning specified in Section 10.07(i).

     “Guarantee” means, as to any Person, without duplication, (a) any obligation, contingent or
otherwise, of such Person guaranteeing or having the economic effect of guaranteeing any

19

 

Indebtedness or other obligation payable or performable by another Person (the “primary obligor”)
in any manner, whether directly or indirectly, and including any obligation of such Person, direct
or indirect, (i) to purchase or pay (or advance or supply funds for the purchase or payment of)
such Indebtedness or other obligation, (ii) to purchase or lease property, securities or
services for the purpose of assuring the obligee in respect of such Indebtedness or other
obligation of the payment or performance of such Indebtedness or other obligation, (iii) to
maintain working capital, equity capital or any other financial statement condition or liquidity or
level of income or cash flow of the primary obligor so as to enable the primary obligor to pay such
Indebtedness or other obligation, or (iv) entered into for the purpose of assuring in any other
manner the obligee in respect of such Indebtedness or other obligation of the payment or
performance thereof or to protect such obligee against loss in respect thereof (in whole or in
part), or (b) any Lien on any assets of such Person securing any Indebtedness or other obligation
of any other Person, whether or not such Indebtedness or other obligation is assumed by such Person
(or any right, contingent or otherwise, of any holder of such Indebtedness to obtain any such
Lien); provided that the term “Guarantee” shall not include endorsements for collection or deposit,
in either case in the ordinary course of business, or customary and reasonable indemnity
obligations in effect on the Original Closing Date or entered into in connection with any
acquisition or Disposition of assets permitted under this Agreement (other than such obligations
with respect to Indebtedness). The amount of any Guarantee shall be deemed to be an amount equal to
the stated or determinable amount of the related primary obligation, or portion thereof, in respect
of which such Guarantee is made or, if not stated or determinable, the maximum reasonably
anticipated liability in respect thereof as determined by the guaranteeing Person in good faith.
The term “Guarantee” as a verb has a corresponding meaning.

     “Hazardous Materials” means all explosive or radioactive substances or wastes and all
hazardous or toxic substances, wastes or other pollutants, including petroleum or petroleum
distillates, asbestos or asbestos-containing materials, polychlorinated biphenyls, radon gas,
infectious or medical wastes and all other substances or wastes of any nature regulated pursuant to
any Environmental Law as hazardous, toxic, pollutants or contaminants or words of similar meaning
or effect.

     “Honor Date” has the meaning specified in Section 2.03(c)(i).

     “Immaterial Subsidiaries” means, as of any date of determination, those Restricted
Subsidiaries that, individually or collectively, for the four fiscal quarter period ended most
recently prior to such date of determination constituted (i) less than 10% of the Consolidated
EBITDA of the Restricted Companies and (ii) less than 5% of Total Assets of the Restricted
Companies.

     “Indebtedness” means, as to any Person at a particular time, without duplication, all of the
following, whether or not included as indebtedness or liabilities in accordance with GAAP:

     (a) all obligations of such Person for borrowed money and all obligations of such
Person evidenced by bonds, debentures, notes, loan agreements or other similar instruments
or agreements;

20

 

     (b) the maximum available amount of all letters of credit (including standby and
commercial), bankers’ acceptances, bank guaranties, surety bonds, performance bonds and
similar instruments issued or created by or for the account of such Person;

     (c) net obligations of such Person under Swap Contracts (with the amount of such net
obligations being deemed to be the aggregate Swap Termination Value thereof as of such
date);

     (d) all obligations of such Person to pay the deferred purchase price of property or
services (other than (i) trade accounts payable in the ordinary course of business, (ii) any
earn-out obligation until such obligation appears in the liabilities section of the balance
sheet of such Person, and (iii) any earn-out obligation that appears in the liabilities
section of the balance sheet of such Person, to the extent (A) such Person is indemnified
for the payment thereof by a solvent Person reasonably acceptable to the Administrative
Agent or (B) amounts to be applied to the payment therefor are in escrow);

     (e) indebtedness (excluding prepaid interest thereon) secured by a Lien on property
owned or being purchased by such Person (including indebtedness arising under conditional
sales or other title retention agreements and mortgage, industrial revenue bond, industrial
development bond and similar financings), whether or not such indebtedness shall have been
assumed by such Person or is limited in recourse;

     (f) all Attributable Indebtedness;

     (g) all obligations of such Person in respect of Disqualified Equity Interests;

     (h) indebtedness or similar financing obligations of such Person under any
Securitization Financing; and

     (i) all Guarantees of such Person in respect of any of the foregoing paragraphs.

     For all purposes hereof, the Indebtedness of any Person shall include the Indebtedness of any
partnership or joint venture (other than a joint venture that is itself a corporation or limited
liability company) in which such Person is a general partner or a joint venturer, unless such
Indebtedness is non-recourse to such Person. The amount of Indebtedness of any Person for purposes
of clause (e) above shall be deemed to be equal to the lesser of (x) the aggregate unpaid amount of
such Indebtedness and (y) the fair market value of the property encumbered thereby as determined by
such Person in good faith.

     “Indemnified Liabilities” has the meaning set forth in Section 10.05.

     “Indemnitees” has the meaning set forth in Section 10.05.

     “Information” has the meaning specified in Section 10.09.

21

 

     “Intellectual Property Security Agreement” means, collectively, the Copyright Security
Agreement, the Trademark Security Agreement and the Patent Security Agreement, substantially in the
forms attached to the Security Agreement together with each other intellectual property security
agreement executed and delivered pursuant to Section 6.12 or the Security Agreement.

     “Interest Coverage Ratio” means, as of the end of any fiscal quarter of the Borrower for the
four fiscal quarter period ending on such date, the ratio of (a) Consolidated EBITDA of the
Borrower and its Subsidiaries for such period to (b) Consolidated Interest Charges of the Borrower
and its Subsidiaries for such period.

     “Interest Payment Date” means, (a) as to any Loan other than a Base Rate Loan, the last day of
each Interest Period applicable to such Loan and the Maturity Date of the Facility under which such
Loan was made; provided that if any Interest Period for a Eurodollar Rate Loan exceeds three
months, the respective dates that fall every three months after the beginning of such Interest
Period shall also be Interest Payment Dates; and (b) as to any Base Rate Loan or any Specified Rate
Loan, the last Business Day of each March, June, September and December and the Maturity Date of
the Facility under which such Loan was made.

     “Interest Period” means as to each Eurodollar Rate Loan, (a) initially, the period commencing
on the Effective Date and ending on August 31, 2011 and (b) thereafter, the period commencing on
the date such Eurodollar Rate Loan is disbursed or converted to or continued as a Eurodollar Rate
Loan and ending on the date that is one month, two months, three months or six months thereafter,
or to the extent available (as determined by each relevant Lender) to all relevant Lenders, one
week, two weeks, nine months or twelve months thereafter, as selected by the Borrower in its
Committed Loan Notice (or such other period, which is less than twelve months, as agreed by the
Borrower and all applicable Lenders); provided that:

     (i) any Interest Period that would otherwise end on a day that is not a Business Day
shall be extended to the next succeeding Business Day unless such Business Day falls in
another calendar month, in which case such Interest Period shall end on the immediately
preceding Business Day;

     (ii) other than with respect to one and two week Interest Periods, any Interest Period
that begins on the last Business Day of a calendar month (or on a day for which there is no
numerically corresponding day in the calendar month at the end of such Interest Period)
shall end on the last Business Day of the calendar month at the end of such Interest Period;
and

     (iii) no Interest Period shall extend beyond the Maturity Date of the Facility under
which such Loan was made.

     “Investment” means, as to any Person, any direct or indirect acquisition of, or investment by
such Person in, another Person, whether by means of (a) the purchase or other acquisition of Equity
Interests or debt or other securities of another Person, (b) a loan, advance or capital
contribution to, Guarantee or assumption of debt of, or purchase or other acquisition of any other
debt or equity participation or interest in, another Person, including any partnership or

22

 

joint
venture interest in such other Person and any arrangement pursuant to which the investor incurs
debt of the type referred to in clause (i) of the definition of “Indebtedness” set forth in this
Section 1.01 in respect of such Person or (c) the purchase or other acquisition (in one transaction
or a series of transactions) of all or substantially all of the property and assets or business of
another Person or assets constituting a business unit, line of business or division of such Person.
For all purposes of this Agreement, the amount of any Investment shall be the amount actually
invested, without adjustment for subsequent increases or decreases in the value of such
Investment. The amount expended in any Investment, if other than in cash, will be deemed to be the
fair market value of the relevant non-cash assets, as determined in good faith by the board of
directors of the Borrower and evidenced by a board resolution.

     “IP Rights” has the meaning set forth in Section 5.13.

     “IRS” means the United States Internal Revenue Service.

     “Jacksonville Corporate Campus” means any and all real property located in the City of
Jacksonville, Florida which at any time is owned by any Restricted Company, including, without
limitation, that certain real property commonly known as 601 Riverside Avenue, Jacksonville,
Florida.

     “Joint Venture” means (a) any Person which would constitute an “equity method investee” of the
Borrower or any of its Subsidiaries, (b) any other Person designated by the Borrower in writing to
the Administrative Agent (which designation shall be irrevocable) as a “Joint Venture” for purposes
of this Agreement and at least 50% but less than 100% of whose Equity Interests are directly owned
by the Borrower or any of its Subsidiaries, and (c) any Person in whom the Borrower or any of its
Subsidiaries beneficially owns any Equity Interest that is not a Subsidiary.

     “JPMCB” means JPMorgan Chase Bank, N.A. and its successors.

     “Laws” means, collectively, all applicable international, foreign, Federal, state and local
statutes, treaties, rules, guidelines, regulations, ordinances, codes and administrative or
judicial precedents or authorities, including the interpretation or administration thereof by any
Governmental Authority charged with the enforcement, interpretation or administration thereof, and
all applicable administrative orders, directed duties, requests, licenses, authorizations and
permits of, and agreements with, any Governmental Authority, in each case whether or not having the
force of law.

     “L/C Advance” means, with respect to each Revolving Credit Lender, such Lender’s funding of
its participation in any L/C Borrowing in accordance with its Pro Rata Share.

     “L/C Borrowing” means an extension of credit resulting from a drawing under any Letter of
Credit which has not been reimbursed on the date when made or refinanced as a Revolving Credit
Borrowing.

     “L/C Credit Extension” means, with respect to any Letter of Credit, the issuance thereof or
extension of the expiry date thereof, or the renewal or increase of the amount thereof.

23

 

     “L/C Issuer” means JPMCB or any other Revolving Lender (or Affiliate thereof) that agrees in
writing with the Borrower and the Administrative Agent to act as an L/C Issuer, in each case in its
capacity as issuer of Letters of Credit hereunder, or any successor issuer of Letters of Credit
hereunder.

     “L/C Obligations” means, as at any date of determination, the aggregate undrawn amount of all
outstanding Letters of Credit plus the aggregate of all Unreimbursed Amounts, including all L/C
Borrowings.

     “Lender” has the meaning specified in the introductory paragraph to this Agreement and, as the
context requires, includes the L/C Issuer and the Swing Line Lender.

     “Lending Office” means, as to any Lender, the office or offices of such Lender described as
such in such Lender’s Administrative Questionnaire, or such other office or offices as a Lender may
from time to time notify the Borrower and the Administrative Agent.

     “Letter of Credit” means any letter of credit issued hereunder. A Letter of Credit may be a
commercial letter of credit or a standby letter of credit.

     “Letter of Credit Application” means an application and agreement for the issuance or
amendment of a Letter of Credit in the form from time to time in use by the L/C Issuer.

     “Letter of Credit Expiration Date” means the day that is five days prior to the Revolving
Credit Maturity Date (or, if such day is not a Business Day, the next preceding Business Day).

     “Letter of Credit Sublimit” means an amount equal to $25,000,000. The Letter of Credit
Sublimit is part of, and not in addition to, the Revolving Credit Facility.

     “Leverage Ratio” means, as of the end of any fiscal quarter of the Borrower for the four
fiscal quarter period ending on such date, the ratio of (a) Total Indebtedness on the last day of
such period to (b) Consolidated EBITDA of the Borrower and its Restricted Subsidiaries for such
period; provided that the amount of Total Indebtedness determined pursuant to clause (a) above at
any date shall be reduced in the case of any such Indebtedness of a Majority-Owned Subsidiary by an
amount directly proportional to the amount (if any) by which Consolidated EBITDA determined
pursuant to clause (b) above for such date was reduced (including through the calculation of
Consolidated Net Income) by the elimination of a minority interest in such Majority-Owned
Subsidiary owned by a Person other than a Consolidated Company.

     “Lien” means any mortgage, pledge, hypothecation, assignment for security, deposit arrangement
for security, encumbrance, lien (statutory or other), charge, or preference, priority or other
security interest or preferential arrangement of any kind or nature whatsoever (including any
conditional sale or other title retention agreement, any easement, right of way or other
encumbrance on title to real property, and any Capitalized Lease having substantially the same
economic effect as any of the foregoing but excluding operating leases).

     “Like-Kind-Exchange Companies” means Investment Property Exchange Services, Inc. and any other
Restricted Companies that are engaged in like-kind-exchange operations.

24

 

     “Loan” means an extension of credit by a Lender to the Borrower under Article 2 in the form
of a Term Loan, a Revolving Credit Loan or a Swing Line Loan.

     “Loan Documents” means, collectively, (a) this Agreement, (b) the Collateral Documents, (c)
the Amendment Agreement, (d) the Notes, (e) the Subsidiary Guaranty and (f) each Letter of Credit
Application.

     “Loan Parties” means, collectively, the Borrower and each Subsidiary Guarantor.

     “Majority-Owned Subsidiary” means a Consolidated Subsidiary that is not wholly-owned (directly
or indirectly) by the Borrower.

     “Material Adverse Effect” means (a) a material adverse effect on the business, assets,
liabilities, results of operations or financial position of the Borrower and its Restricted
Subsidiaries taken as a whole, (b) a material and adverse effect on the ability of any Loan Party
to perform its obligations under the Loan Documents or (c) a material and adverse effect on the
rights and remedies of the Lenders under the Loan Documents.

     “Material Companies” means the Borrower and all Restricted Subsidiaries (other than Immaterial
Subsidiaries).

     “Material Real Property” means fee owned real property with a value in excess of $10,000,000;
provided, however, that the following are hereby deemed not to constitute Material Real Property:
(i) the Jacksonville Corporate Campus and (ii) any real property obtained or held by any
Consolidated Company in connection with its like-kind exchange services or other services provided
to third parties that involve processing or taking title or other interests in real property.

     “Maturity Date” means (a) with respect to the Revolving Credit Facility and the Swing Line
Facility, the Revolving Credit Maturity Date, (b) with respect to the Term A Loans, the Term A Loan
Maturity Date and (c) with respect to the Term B Loans, the Term B Loan Maturity Date.

     “Maximum Rate” has the meaning specified in Section 10.11.

     “Moody’s” means Moody’s Investors Service, Inc. and any successor thereto.

     “Mortgage” means, collectively, each mortgage executed and delivered on or prior to the
Effective Date and thereafter pursuant to Section 6.12, in each case substantially in the form of
Exhibit K.

     “Multiemployer Plan” means any employee benefit plan of the type described in Section
4001(a)(3) of ERISA, to which the Borrower or any ERISA Affiliate makes or is obligated to make
contributions, or during the preceding five plan years, has made or been obligated to make
contributions.

25

 

     “Net Cash Proceeds” means:

     (a) with respect to the Disposition of any asset by any Restricted Company or any
Casualty Event, the excess, if any, of (i) the sum of cash and Cash Equivalents received in
connection with such Disposition or Casualty Event (including any cash or
Cash Equivalents received by way of deferred payment pursuant to, or by monetization
of, a note receivable or otherwise, but only as and when so received and, with respect to
any Casualty Event, any insurance proceeds or condemnation awards in respect of such
Casualty Event actually received by or paid to or for the account of such Restricted
Company) over (ii) the sum of (A) the principal amount of any Indebtedness that is secured
by the asset subject to such Disposition or Casualty Event and that is repaid in connection
with such Disposition or Casualty Event (other than Indebtedness under the Loan Documents),
(B) the out-of-pocket expenses (including attorneys’ fees, investment banking fees,
underwriting fees, survey costs, title insurance premiums, and related search and recording
charges, transfer taxes, deed or mortgage recording taxes, other customary expenses and
brokerage, consultant and other customary fees) actually incurred by such Restricted Company
in connection with such Disposition or Casualty Event, (C) taxes paid or reasonably
estimated to be payable by such Restricted Company or any of the direct or indirect members
thereof and attributable to such Disposition (including, in respect of any proceeds received
in connection with a Disposition or Casualty Event of any asset of any Foreign Subsidiary,
deductions in respect of withholding taxes that are or would be payable in cash if such
funds were repatriated to the United States), (D) payments required to be made to holders of
minority interests in Restricted Subsidiaries as a result of such Disposition, (E) any
reserve for adjustment in respect of (1) the sale price of such asset or assets established
in accordance with GAAP and (2) any liabilities associated with such asset or assets and
retained by such Restricted Company after such sale or other disposition thereof, including
pension and other post-employment benefit liabilities and liabilities related to
environmental matters or against any indemnification obligations associated with such
transaction and it being understood that “Net Cash Proceeds” shall include any cash or Cash
Equivalents (I) received upon the Disposition of any non-cash consideration received by such
Restricted Company in any such Disposition and (II) upon the reversal (without the
satisfaction of any applicable liabilities in cash in a corresponding amount) of any reserve
described in clause (E) of the preceding sentence or, if such liabilities have not been
satisfied in cash and such reserve not reversed within 365 days after such Disposition or
Casualty Event, the amount of such reserve, and (F) in the case of any Disposition by a
Regulated Subsidiary or any Casualty Event with respect to assets of a Regulated Subsidiary,
any amount that would be prohibited by applicable Law from being distributed (including as a
dividend or otherwise) or the distribution of which would result in a negative impact on any
minimum capital or similar requirement applicable to it (it being understood and agreed that
any such amount shall still be subject to the reinvestment provisions of Section
2.05(b)(i)(B) to the fullest extent permitted by applicable Law (including any minimum
capital or similar requirement applicable to such Regulated Subsidiary)); provided that (x)
no proceeds realized in a single transaction or series of related transactions shall
constitute Net Cash Proceeds unless such proceeds shall exceed $5,000,000 and (y) no
proceeds shall constitute Net Cash Proceeds under this clause (a) in any fiscal year until
the aggregate amount of all such proceeds in such fiscal year shall exceed $15,000,000

26

 

(and
thereafter only proceeds in excess of such amount shall constitute Net Cash Proceeds under
this clause (a));

     (b) with respect to the incurrence or issuance of any Indebtedness by any Restricted
Company, the excess, if any, of (i) the sum of the cash received in connection
with such sale over (ii) the investment banking fees, underwriting discounts,
commissions, costs and other out-of-pocket expenses and other customary expenses, incurred
by such Restricted Company (or, in the case of taxes, any member thereof) in connection with
such incurrence or issuance and, in the case of Indebtedness of any Foreign Subsidiary,
deductions in respect of withholding taxes that are or would otherwise be payable in cash if
such funds were repatriated to the United States; and

     (c) with respect to the issuance of any Qualified Equity Interest by any Restricted
Company, the excess of (i) the sum of the cash and Cash Equivalents received in connection
with such issuance over (ii) all taxes (including, in respect of any proceeds received in
connection with the issuance of Equity Interests of any Foreign Subsidiary, deductions in
respect of withholding taxes that are or would otherwise be payable in cash if such funds
were repatriated to the United States) and fees (including investment banking fees,
underwriting discounts, commissions, costs and other out-of-pocket expenses and other
customary expenses) incurred by such Restricted Company (or, in the case of taxes, any
member thereof) in connection with such issuance.

     “Nonrenewal Notice Date” has the meaning specified in Section 2.03(b)(iii).

     “Note” means a Term Note or a Revolving Credit Note, as the context may require.

     “Obligations” means all advances to, and debts, liabilities, obligations, covenants and duties
of, any Loan Party arising under any Loan Document or otherwise with respect to any Loan or Letter
of Credit, whether direct or indirect (including those acquired by assumption), absolute or
contingent, due or to become due, now existing or hereafter arising and including interest and fees
that accrue after the commencement by or against any Loan Party of any proceeding under any Debtor
Relief Laws naming such Person as the debtor in such proceeding, regardless of whether such
interest and fees are allowed claims in such proceeding. Without limiting the generality of the
foregoing, the Obligations of the Loan Parties under the Loan Documents include (a) the obligation
to pay principal, interest, Letter of Credit commissions, charges, expenses, fees, Attorney Costs,
indemnities and other amounts payable by any Loan Party under any Loan Document and (b) the
obligation of any Loan Party to reimburse any amount in respect of any of the foregoing that any
Lender, in its sole discretion, may elect to pay or advance on behalf of such Loan Party.

     “OID” has the meaning specified in Section 2.14(b).

     “Organization Documents” means, (a) with respect to any corporation, the certificate or
articles of incorporation and the bylaws (or equivalent or comparable constitutive documents with
respect to any non-US. jurisdiction); (b) with respect to any limited liability company, the
certificate or articles of formation or organization and operating agreement; and (c) with respect
to any partnership, joint venture, trust or other form of business entity, the partnership, joint

27

 

venture or other applicable agreement of formation or organization and any agreement, instrument,
filing or notice with respect thereto filed in connection with its formation or organization with
the applicable Governmental Authority in the jurisdiction of its formation or organization and, if
applicable, any certificate or articles of formation or organization of such entity.

     “Original Closing Date” means July 2, 2008.

     “Original Credit Agreement” means the Credit Agreement dated as of July 2, 2008 (as amended,
supplemented or otherwise modified from time to time prior to the Effective Date) among the
Borrower, the lenders party thereto and JPMCB, as administrative agent, swing line lender and L/C
issuer.

     “Other Taxes” has the meaning specified in Section 3.01(c).

     “Outstanding Amount” means (a) with respect to the Term Loans, Revolving Credit Loans and
Swing Line Loans on any date, the principal amount thereof after giving effect to any borrowings
and prepayments or repayments of Term Loans, Revolving Credit Loans (including any refinancing of
outstanding unpaid drawings under Letters of Credit or L/C Borrowings as a Revolving Credit
Borrowing) and Swing Line Loans, as the case may be, occurring on such date; and (b) with respect
to any L/C Obligations on any date, the aggregate outstanding amount thereof on such date after
giving effect to any L/C Credit Extension occurring on such date and any other changes thereto as
of such date, including as a result of any reimbursements of outstanding unpaid drawings under any
Letters of Credit (including any refinancing of outstanding unpaid drawings under Letters of Credit
or L/C Credit Extensions as a Revolving Credit Borrowing) or any reductions in the maximum amount
available for drawing under Letters of Credit taking effect on such date.

     “Participant” has the meaning specified in Section 10.07(f).

     “PBGC” means the Pension Benefit Guaranty Corporation.

     “Pension Plan” means any “employee pension benefit plan” (as such term is defined in Section
3(2) of ERISA), other than a Multiemployer Plan, that is subject to Title IV of ERISA and is
sponsored or maintained by the Borrower or any ERISA Affiliate or to which the Borrower or any
ERISA Affiliate contributes or has an obligation to contribute, or in the case of a multiple
employer or other plan described in Section 4064(a) of ERISA, has made contributions at any time
during the immediately preceding five plan years.

     “Permitted Acquisition” has the meaning specified in Section 7.02(h).

     “Permitted Encumbrances” has the meaning specified in the Mortgages.

     “Permitted Refinancing” means, with respect to any Person, any modification, refinancing,
refunding, renewal or extension of any Indebtedness of such Person; provided that (a) the principal
amount (or accreted value, if applicable) thereof does not exceed the principal amount (or accreted
value, if applicable) of the Indebtedness so modified, refinanced, refunded, renewed or extended
except by an amount equal to the sum of (i) unpaid accrued interest and

28

 

premium thereon, (ii) other
reasonable amounts paid, and fees and expenses reasonably incurred, in connection with such
modification, refinancing, refunding, renewal or extension and (iii) the aggregate amount of any
existing commitments unutilized thereunder (it being understood that the incurrence of Indebtedness
in an aggregate principal amount in excess of such limitations on principal in this clause (a) may
still constitute a “Permitted Refinancing” up to such limited aggregate principal amount with any
excess principal amount thereof being Indebtedness which
must otherwise be permitted pursuant to Section 7.03), (b) such modification, refinancing,
refunding, renewal or extension has a final maturity date equal to or later than the final maturity
date of, and has a Weighted Average Life to Maturity equal to or greater than the Weighted Average
Life to Maturity of, the Indebtedness being modified, refinanced, refunded, renewed or extended,
(c) if the Indebtedness being modified, refinanced, refunded, renewed or extended is subordinated
in right of payment to the Obligations, such modification, refinancing, refunding, renewal or
extension is subordinated in right of payment to the Obligations on terms at least as favorable to
the Lenders in all material respects as those contained in the documentation governing the
Indebtedness being modified, refinanced, refunded, renewed or extended, taken as a whole, (d) the
terms and conditions (including, if applicable, as to collateral but excluding pricing) of any such
modified, refinanced, refunded, renewed or extended Indebtedness are not materially less favorable
to the Loan Parties or the Lenders than the terms and conditions of the Indebtedness being
modified, refinanced, refunded, renewed or extended, taken as a whole, (e) such modification,
refinancing, refunding, renewal or extension is incurred by the Person who is the obligor (or
another of the Restricted Companies, at the election of the Borrower, provided that if the obligor
is a Loan Party, such other Restricted Company must also be a Loan Party) on the Indebtedness being
modified, refinanced, refunded, renewed or extended, and such new or additional obligors as are or
become Loan Parties in accordance with Section 6.12 and with respect to subordinated Indebtedness
the obligations of such obligors shall be subordinated in right of payment to the Obligations on
terms at least as favorable to the Lenders as those contained in documentation governing the
Indebtedness, taken as a whole and (f) at the time thereof, no Event of Default shall have occurred
and be continuing.

     “Permitted Senior Indebtedness” means any unsecured Indebtedness (other than Permitted
Subordinated Indebtedness) that (a) is not scheduled to mature prior to the date that is 91 days
after the Term B Loan Maturity Date, (b) has no scheduled amortization or payments of principal
prior to the Term B Loan Maturity Date, (c) has mandatory prepayment, repurchase or redemption
provisions (other than a customary offer to purchase upon a change of control) no more onerous or
expansive in scope, taken as a whole, than those contained in this Agreement for the Term B Loans
or are otherwise reasonably acceptable to the Administrative Agent and (d) otherwise has terms,
including covenants, that are usual and customary for high-yield debt securities or that are
otherwise reasonably acceptable to the Administrative Agent.

     “Permitted Subordinated Indebtedness” means any unsecured Indebtedness that (a) is expressly
subordinated to the prior payment in full in cash of the Obligations on terms not materially less
favorable to the Lenders, taken as a whole, than the terms set forth on Exhibit H hereto or on such
other terms as shall be reasonably acceptable to the Administrative Agent, (b) is not scheduled to
mature prior to the date that is 91 days after the Term B Loan Maturity Date, (c) has no scheduled
amortization or payments of principal prior to the Term B Loan Maturity Date and (d) has mandatory
prepayment, repurchase or redemption provisions and covenants no

29

 

more onerous or expansive in
scope, taken as a whole, than those contained in this Agreement for the Term B Loans or are
otherwise reasonably acceptable to the Administrative Agent.

     “Person” means any natural person, corporation, limited liability company, trust, joint
venture, association, company, partnership, Governmental Authority or other entity.

     “Plan” means any “employee pension benefit plan” (as such term is defined in Section 3(2) of
ERISA) maintained or sponsored by the Borrower or, with respect to any such plan that is subject to
Section 412 of the Code or Title IV of ERISA, any ERISA Affiliate.

     “Platform” has the meaning specified in Section 6.02.

     “Pledged Debt” has the meaning specified in the Security Agreement.

     “Pledged Equity” has the meaning specified in the Security Agreement.

     “Pro Forma Basis”, “Pro Forma Compliance” and “Pro Forma Effect” means, for purposes of
calculating compliance with the Leverage Ratio, the Applicable Leverage Ratio or each of the
financial covenants set forth in Section 7.09 in respect of a Specified Transaction, that such
Specified Transaction and the following transactions in connection therewith shall be deemed to
have occurred as of the first day of the applicable period of measurement in such covenant: (a)
income statement items (whether positive or negative) attributable to the property or Person
subject to such Specified Transaction, in the case of a Permitted Acquisition or Investment
described in the definition of “Specified Transaction”, shall be included, (b) any retirement of
Indebtedness, and (c) any Indebtedness incurred or assumed by any Restricted Company in connection
with such Specified Transaction, and if such Indebtedness has a floating or formula rate, shall
have an implied rate of interest for the applicable period for purposes of this definition
determined by utilizing the rate which is or would be in effect with respect to such Indebtedness
as at the relevant date of determination; provided that the foregoing pro forma adjustments may be
applied to the Leverage Ratio, the Applicable Leverage Ratio and the financial covenants set forth
in Section 7.09 to the extent that such adjustments are consistent with the definition of
Consolidated EBITDA and may take into account cost savings in an amount not to exceed the greater
of (x) $25,000,000 and (y) 5.0% of Consolidated EBITDA of the Company and its Restricted
Subsidiaries for such period (calculated after giving effect to any Specified Disposition or
Specified Acquisition that occurs during the applicable measuring period but prior to giving effect
to any adjustment pursuant to this proviso) for all such cost savings in any fiscal year for which
the necessary steps have been implemented or are reasonably expected to be implemented within
twelve months after the closing of the applicable Permitted Acquisition.

     “Pro Rata Share” means, with respect to each Lender at any time, a fraction (expressed as a
percentage, carried out to the ninth decimal place), the numerator of which is the amount of the
Commitments of such Lender under the applicable Facility or Facilities at such time and the
denominator of which is the amount of the Aggregate Commitments under the applicable Facility or
Facilities at such time.

     “Public Lender” has the meaning specified in Section 6.02.

30

 

     “Qualified Equity Interests” means Equity Interests of the Borrower other than Disqualified
Equity Interests.

     “Register” has the meaning set forth in Section 10.07(e).

     “Regulated Subsidiary” means any Restricted Subsidiary that is subject to regulation by any
Governmental Authority as an insurance company or otherwise as a company subject to minimum capital
or similar requirements and for which the incurrence of Indebtedness (including Guarantees) or the
granting of Liens with respect to its assets would be prohibited or restricted or would result in a
negative impact on any minimum capital or similar requirement applicable to it.

     “Regulatory Supervising Organization” means any Governmental Authority or regulatory
organization of which a Regulated Subsidiary is a member or to whose rules it is subject.

     “Reportable Event” means any of the events set forth in Section 4043(c) of ERISA, other than
events for which the 30-day notice period has been waived.

     “Request for Credit Extension” means (a) with respect to a Borrowing, conversion or
continuation of Term Loans or Revolving Credit Loans, a Committed Loan Notice, (b) with respect to
an L/C Credit Extension, a Letter of Credit Application, and (c) with respect to a Swing Line Loan,
a Swing Line Loan Notice.

     “Required Lenders” means, as of any date of determination, Lenders having more than 50% of the
sum of the (a) Total Outstandings (with the aggregate amount of each Lender’s risk participation
and funded participation in L/C Obligations and Swing Line Loans being deemed “held” by such Lender
for purposes of this definition), (b) aggregate unused Term Commitments, if any, and (c) aggregate
unused Revolving Credit Commitments, if any; provided that the unused Term Commitment, unused
Revolving Credit Commitment of, and the portion of the Total Outstandings held or deemed held by,
any Defaulting Lender shall be excluded for purposes of making a determination of Required Lenders.

     “Responsible Officer” means the chief executive officer, president, any vice president, chief
financial officer, treasurer or assistant treasurer or other similar officer of a Loan Party (or
any other person duly authorized by a Loan Party to act with respect to the Loan Documents on
behalf of such Loan Party) and, as to any document delivered on the Effective Date, secretary or
assistant secretary. Any document delivered hereunder that is signed by a Responsible Officer of a
Loan Party shall be conclusively presumed to have been authorized by all necessary corporate,
partnership and/or other action on the part of such Loan Party and such Responsible Officer shall
be conclusively presumed to have acted on behalf of such Loan Party.

     “Restricted Companies” means the Borrower and its Restricted Subsidiaries, and “Restricted
Company” means any of the foregoing.

     “Restricted Payment” means any dividend or other distribution (whether in cash, securities or
other property) with respect to any Equity Interest of any Restricted Company, or any payment
(whether in cash, securities or other property), including any sinking fund or similar

31

 

deposit, on
account of the purchase, redemption, retirement, defeasance, acquisition, cancellation or
termination of any such Equity Interest, or on account of any return of capital to the Borrower’s
stockholders, partners or members (or the equivalent Persons thereof). The amount expended in any
Restricted Payment, if other than in cash, will be deemed to be the fair market
value of the relevant non-cash assets, as determined in good faith by the board of directors
of the Borrower and evidenced by a board resolution.

     “Restricted Prepayment” has the meaning specified in Section 7.10.

     “Restricted Subsidiary” means any Subsidiary of the Borrower other than an Unrestricted
Subsidiary.

     “Revolving Credit Borrowing” means a borrowing consisting of simultaneous Revolving Credit
Loans of the same Type and, in the case of Eurodollar Rate Loans, having the same Interest Period
made by the Revolving Credit Lenders pursuant to Section 2.01(c).

     “Revolving Credit Commitment” means, as to each Revolving Credit Lender, its obligation to
make Revolving Credit Loans and purchase participations in L/C Obligations and Swing Line Loans, in
an aggregate principal amount at any one time outstanding not to exceed the amount set forth
opposite such Lender’s name on Schedule 2.01 under the caption “Revolving Credit Commitment” or in
the Assignment and Assumption pursuant to which such Lender becomes a party hereto under the
caption “Revolving Credit Commitment”, as applicable, as such amount may be adjusted from time to
time in accordance with this Agreement. The aggregate Revolving Credit Commitments of all Revolving
Credit Lenders shall be $400,000,000 on the Effective Date, as such amount may be adjusted from
time to time in accordance with the terms of this Agreement.

     “Revolving Credit Facility” means, at any time, the aggregate amount of the Revolving Credit
Commitments at such time.

     “Revolving Credit Lender” means, at any time, any Lender that has a Revolving Credit
Commitment at such time.

     “Revolving Credit Loan” has the meaning specified in Section 2.01(c).

     “Revolving Credit Maturity Date” means the fifth anniversary of the Effective Date.

     “Revolving Credit Note” means a promissory note of the Borrower payable to any Revolving
Credit Lender or its registered assigns, in substantially the form of Exhibit C-3 hereto,
evidencing the aggregate indebtedness of the Borrower to such Revolving Credit Lender resulting
from the Revolving Credit Loans made by such Revolving Credit Lender.

     “S&P” means Standard & Poor’s Ratings Services, a division of The McGraw-Hill Companies, Inc.,
and any successor thereto.

     “SEC” means the Securities and Exchange Commission, or any Governmental Authority succeeding
to any of its principal functions.

32

 

     “Secured Cash Management Obligations” means the obligations of any Loan Party with respect to
any overdraft and related liabilities arising from treasury, depository and cash management
services or any automated clearing house transfer of funds provided by a Person
who was a Lender or an Affiliate thereof at the time the agreements giving rise to such
obligations were created, or who subsequently has become a Lender or an Affiliate thereof.

     “Secured Hedge Agreement” means any Swap Contract permitted under Article 7 that is entered
into by and between the Borrower or any of its Subsidiaries and any Person who was a Lender or an
Affiliate thereof at the time the relevant Swap Contract was executed, or who subsequently has
become a Lender or an Affiliate thereof.

     “Secured Hedge Bank” means any Person who was a Lender or an Affiliate thereof at the time the
relevant Swap Contract was executed, or who subsequently has become a Lender or an Affiliate
thereof, in each case in its capacity as a party to a Secured Hedge Agreement.

     “Secured Hedging Obligations” means the obligations of any Loan Party under any Secured Hedge
Agreement.

     “Secured Obligations” has the meaning specified in the Security Agreement.

     “Secured Parties” means, collectively, the Administrative Agent, the Collateral Agent, the
Lenders, the Secured Hedge Banks, the holders of Secured Cash Management Obligations, the
Supplemental Administrative Agent and each co-agent or sub-agent appointed by the Administrative
Agent from time to time pursuant to Section 9.02.

     “Securitization Assets” means any accounts receivable, royalty or revenue streams, other
financial assets, proceeds and books, records and other related assets incidental to the foregoing
subject to a Securitization Financing.

     “Securitization Financing” has the meaning referred to in Section 7.03(r).

     “Securitization Vehicle” means one or more special purpose vehicles that are, directly or
indirectly, wholly-owned Subsidiaries of the Borrower and are Persons organized for the limited
purpose of entering into a Securitization Financing by purchasing, or receiving by way of capital
contributions, sale or other transfer, assets from the Borrower and its Subsidiaries and obtaining
financing for such assets from third parties, and whose structure is designed to insulate such
vehicle from the credit risk of the Borrower.

     “Security Agreement” means, collectively, the Amended and Restated Security Agreement executed
by the Loan Parties, substantially in the form of Exhibit G, together with each other security
agreement supplement executed and delivered pursuant to Section 6.12.

     “Security Agreement Supplement” has the meaning specified in the Security Agreement.

     “Senior Notes” means the Borrower’s senior unsecured notes due 2016 issued on the Original
Closing Date in the aggregate principal amount of $375,000,000, and includes any

33

 

“Exchange Notes”
(as defined in the Senior Notes Documents) registered with the SEC and exchanged for unregistered
Senior Notes.

     “Senior Notes Documents” means the Senior Notes Indenture and all other instruments,
agreements and other documents evidencing or governing the Senior Notes or providing for any
Guarantee or other right in respect thereof.

     “Senior Notes Indenture” means the Indenture dated as of July 2, 2008 among the Borrower, each
of the guarantors named therein and U.S. Bank Corporate Trust Services, as trustee, in respect of
the Senior Notes.

     “SFAS No. 141(R)” has the meaning specified in Section 1.03(d).

     “Solvent” and “Solvency” mean, with respect to any Person on any date of determination, that
on such date (a) the fair value of the property of such Person is greater than the total amount of
liabilities, including contingent liabilities, of such Person, (b) the present fair salable value
of the assets of such Person is not less than the amount that will be required to pay the probable
liability of such Person on its debts as they become absolute and matured, (c) such Person does not
intend to, and does not believe that it will, incur debts or liabilities beyond such Person’s
ability to pay such debts and liabilities as they mature and (d) such Person is not engaged in
business or a transaction, and is not about to engage in business or a transaction, for which such
Person’s property would constitute an unreasonably small capital. The amount of contingent
liabilities at any time shall be computed as the amount that, in light of all the facts and
circumstances existing at such time, represents the amount that can reasonably be expected to
become an actual or matured liability.

     “SPC” has the meaning specified in Section 10.07(i).

     “Specified Debt” has the meaning specified in the last paragraph of Section 7.03.

     “Specified Debt Test” has the meaning specified in the proviso contained in the last paragraph
of Section 7.03.

     “Specified Acquisition” means any acquisition of property or series of related acquisitions of
property that (a) constitutes (i) assets comprising all or substantially all of the property and
assets or business of any Person or of assets constituting a business unit, a line of business or
division of such Person, or (ii) more than 50% of the common stock or Equity Interests of a Person
and (b) involves the payment of consideration by the Borrower and its Restricted Subsidiaries in
excess of $20,000,000.

     “Specified Disposition” means any Disposition of property or series of related Dispositions of
property that (a) constitutes (i) assets comprising all or substantially all of the property and
assets or business of any Person or of assets constituting a business unit, a line of business or
division of such Person or (ii) more than 50% of the common stock or other Equity Interests of a
Person and (b) yields gross proceeds to the Borrower and its Restricted Subsidiaries in excess of
$20,000,000.

     “Specified Non-Recourse Indebtedness” has the meaning set forth in Section 7.03(f).

34

 

     “Specified Rate Loan” means a loan that bears interest at a rate per annum equal to the
Federal Funds Rate plus the Applicable Margin specified for Eurodollar Rate Revolving Credit Loans.

     “Specified Responsible Officer” means the chief executive officer, president, chief operating
officer, chief financial officer, treasurer or general counsel of the Borrower.

     “Specified Transaction” means, any Investment, incurrence of Indebtedness, Restricted Payment
or Restricted Prepayment in respect of which compliance with a specified Leverage Ratio or the
financial covenants set forth in Section 7.09, or the Applicable Leverage Ratio, is by the terms of
this Agreement required to be calculated on a Pro Forma Basis or any Specified Disposition or
Specified Acquisition.

     “Subsidiary” of a Person means a corporation, partnership, joint venture, limited liability
company or other business entity of which a majority of the shares of securities or other interests
having ordinary voting power for the election of directors or other governing body (other than
securities or interests having such power only by reason of the happening of a contingency) are at
the time beneficially owned, or the management of which is otherwise controlled, directly, or
indirectly through one or more intermediaries, or both, by such Person. Unless otherwise specified,
all references herein to a “Subsidiary” or to “Subsidiaries” shall refer to a Subsidiary or
Subsidiaries of the Borrower.

     “Subsidiary Guarantor” has the meaning specified in Section 6.12(a). Each Subsidiary
Guarantor as of the Effective Date is listed on Schedule 1.01B.

     “Subsidiary Guaranty” means, collectively, the guaranty in respect of the Secured Obligations
made by those Subsidiaries of the Borrower that are Subsidiary Guarantors in favor of the
Administrative Agent on behalf of the Secured Parties, substantially in the form of Exhibit F,
together with any other guaranty and guaranty supplement delivered pursuant to Section 6.12.

     “Supplemental Administrative Agent” has the meaning specified in Section 9.13 and
“Supplemental Administrative Agents” shall have the corresponding meaning.

     “Swap Contract” means (a) any and all rate swap transactions, basis swaps, credit derivative
transactions, forward rate transactions, commodity swaps, commodity options, forward contracts,
futures contracts, equity or equity index swaps or options, bond or bond price or bond index swaps
or options or forward bond or forward bond price or forward bond index transactions, interest rate
options, forward foreign exchange transactions, cap transactions, floor transactions, collar
transactions, currency swap transactions, cross-currency rate swap transactions, currency options,
spot contracts, repurchase agreements, reverse repurchase agreements, sell buy backs and buy sell
back agreements, and securities lending and borrowing agreements or any other similar transactions
or any combination of any of the foregoing (including any options to enter into any of the
foregoing), whether or not any such transaction is governed by or subject to any master agreement,
and (b) any and all transactions of any kind, and the related confirmations, which are subject to
the terms and conditions of, or governed by, any form of master agreement published by the
International Swaps and Derivatives Association,

35

 

Inc., any International Foreign Exchange Master Agreement, or any other master agreement or
related schedules, including any such obligations or liabilities arising therefrom.

     “Swap Termination Value” means, in respect of any one or more Swap Contracts, after taking
into account the effect of any legally enforceable netting agreement relating to such Swap
Contracts, (a) for any date on or after the date such Swap Contracts have been closed out and
termination value(s) determined in accordance therewith, such termination value(s), and (b) for any
date prior to the date referenced in clause (a), the amount(s) determined as the mark-to-market
value(s) for such Swap Contracts, as determined based upon one or more mid-market or other readily
available quotations provided by any recognized dealer in such Swap Contracts (which may include a
Lender or any Affiliate of a Lender).

     “Swing Line Borrowing” means a borrowing of a Swing Line Loan pursuant to Section 2.04.

     “Swing Line Facility” means the revolving credit facility made available by the Swing Line
Lender pursuant to Section 2.04.

     “Swing Line Lender” means JPMCB in its capacity as provider of Swing Line Loans, or any
successor swing line lender hereunder.

     “Swing Line Loan” has the meaning specified in Section 2.04(a).

     “Swing Line Loan Notice” means a notice of a Swing Line Borrowing pursuant to Section 2.04(b),
which, if in writing, shall be substantially in the form of Exhibit B.

     “Swing Line Obligations” means, at any time, the aggregate principal amount of all Swing Line
Loans outstanding at such time.

     “Swing Line Sublimit” means an amount equal to $50,000,000. The Swing Line Sublimit is part
of, and not in addition to, the Revolving Credit Facility.

     “Taxes” has the meaning specified in Section 3.01(a).

     “Term A Borrowing” means a borrowing consisting of simultaneous Term A Loans of the same Type
and, in the case of Eurodollar Rate Loans, having the same Interest Period made by each of the Term
A Lenders pursuant to Section 2.01(a).

     “Term A Commitment” means, as to each Term A Lender, its obligation to make a Term A Loan to
the Borrower pursuant to Section 2.01(a) in an aggregate amount not to exceed the amount set forth
opposite such Term A Lender’s name on Schedule 2.01 under the caption “Term A Commitment” or in the
Assignment and Assumption pursuant to which such Term A Lender becomes a party hereto, as
applicable, as such amount may be adjusted from time to time in accordance with this Agreement. The
initial aggregate amount of the Term A Commitments is $535,000,000.

     “Term A Lender” means, at any time, any Lender that has a Term A Commitment or Term A Loans at
such time.

36

 

     “Term A Loan” means a Loan made pursuant to Section 2.01(a).

     “Term A Loan Maturity Date” means the fifth anniversary of the Effective Date.

     “Term B Borrowing” means a borrowing consisting of simultaneous Term B Loans of the same Type
and, in the case of Eurodollar Rate Loans, having the same Interest Period made by each of the Term
B Lenders pursuant to Section 2.01(b).

     “Term B Commitment” means, as to each Term B Lender, its obligation to make a Term B Loan to
the Borrower pursuant to Section 2.01(b) in an aggregate amount not to exceed the amount set forth
opposite such Term B Lender’s name on Schedule 2.01 under the caption “Term B Commitment” or in the
Assignment and Assumption pursuant to which such Term B Lender becomes a party hereto, as
applicable, as such amount may be adjusted from time to time in accordance with this Agreement. The
initial aggregate amount of the Term B Commitments is $250,000,000.

     “Term B Lender” means, at any time, any Lender that has a Term B Commitment or Term B Loans at
such time.

     “Term B Loan” means a Loan made pursuant to Section 2.01(b).

     “Term B Loan Maturity Date” means August 14, 2018.

     “Term Commitment” means a Term A Commitment, a Term B Commitment or a commitment to make a
Term Loan to the Borrower pursuant to an increase and joinder agreement described in Section 2.14
pursuant to which such Term Lender becomes a party hereto, as applicable, in each case as such
amount may be adjusted from time to time in accordance with this Agreement.

     “Term Lender” means, at any time, any Lender that has a Term Commitment or Term Loans at such
time.

     “Term Loan” means a Term A Loan, a Term B Loan or an Additional Term Loan made pursuant to
Section 2.14.

     “Term Note” means a promissory note of the Borrower payable to any Term Lender or its
registered assigns, in substantially the form of Exhibit C-1 or Exhibit C-2 hereto, evidencing the
aggregate indebtedness of the Borrower to such Term Lender resulting from the Term Loans made by
such Term Lender.

     “Threshold Amount” means $70,000,000.

     “Total Assets” means, at any time with respect to any Person, the total assets appearing on
the most recently prepared consolidated balance sheet of such Person as of the end of the most
recent fiscal quarter of such Person for which such balance sheet is available, prepared in
accordance with GAAP.

37

 

     “Total Consolidated Assets” means, at any time, the total assets appearing on the most
recently prepared consolidated balance sheet of the Borrower and its Consolidated Subsidiaries as
of the end of the most recent fiscal quarter of the Borrower and its Consolidated Subsidiaries for
which such balance sheet is available, prepared in accordance with GAAP.

     “Total Indebtedness” means, without duplication, (i) the aggregate Outstanding Amount of all
Loans, the aggregate undrawn amount of all outstanding trade Letters of Credit and all Unreimbursed
Amounts and (ii) all other Indebtedness of the Borrower and its Restricted Subsidiaries of the type
referred to in clauses (a), (b) (but solely in respect of letters of credit and bankers’
acceptances, and solely to the extent drawn and not yet reimbursed), (d), (e), (f) and (h) of the
definition thereof and all Guarantees of the Borrower and its Restricted Subsidiaries in respect of
such Indebtedness of any other Person, in each case other than Specified Non-Recourse Indebtedness.

     “Total Outstandings” means the aggregate Outstanding Amount of all Loans and all L/C
Obligations.

     “Total Revolving Outstandings” means the aggregate Outstanding Amount of all Revolving Credit
Loans, all L/C Obligations and Swing Line Loans.

     “Transaction” means, collectively, (a) the amendment and restatement of the Original Credit
Agreement in the form of this Agreement and the repayment of all outstanding loans and payment of
all accrued fees and interest under the Original Credit Agreement on the Effective Date, (b) the
execution, delivery and performance by each Loan Party of the Loan Documents to which it is to be a
party, the borrowing or issuance of Loans, the use of any proceeds thereof and the issuance of
Letters of Credit hereunder and (c) the payment of the fees and expenses incurred in connection
with any of the foregoing.

     “Type” means, with respect to a Committed Loan, its character as a Base Rate Loan or a
Eurodollar Rate Loan.

     “U.S. Lender” has the meaning set forth in Section 10.16(b).

     “Uniform Commercial Code” means the Uniform Commercial Code as the same may from time to time
be in effect in the State of New York or the Uniform Commercial Code (or similar code or statute)
of another jurisdiction, to the extent it may be required to apply to any item or items of
Collateral.

     “United States” and “U.S.” mean the United States of America.

     “Unreimbursed Amount” has the meaning set forth in Section 2.03(c)(i).

     “Unrestricted Subsidiary” means (a) each Subsidiary of the Borrower listed on Schedule 1.01B
and (b) any Subsidiary of the Borrower designated by the board of directors of the Borrower as an
Unrestricted Subsidiary pursuant to Section 6.14 subsequent to the Effective Date (and continuing
until such time that such designation may be thereafter revoked by the Borrower).

38

 

     “Weighted Average Life to Maturity” means, when applied to any Indebtedness at any date, the
number of years obtained by dividing: (a) the sum of the products obtained by multiplying (i) the
amount of each then remaining installment, sinking fund, serial maturity or other required payments
of principal, including payment at final maturity, in respect thereof, by (ii) the number of years
(calculated to the nearest one-twelfth) that will elapse between such date and the making of such
payment; by (b) the then outstanding principal amount of such Indebtedness.

     “Withholding Agent” means a Loan Party or the Administrative Agent, as applicable.

     “Working Capital” means, at any date, the excess of current assets of the Borrower and its
Subsidiaries on such date (excluding cash and Cash Equivalents) over current liabilities of
the Borrower and its Subsidiaries on such date (excluding current liabilities in respect to
Indebtedness), all determined on a consolidated basis in accordance with GAAP.

     Section 1.02 Other Interpretive Provisions. With reference to this Agreement and each other
Loan Document, unless otherwise specified herein or in such other Loan Document:

     (a) The meanings of defined terms are equally applicable to the singular and plural forms of
the defined terms.

     (b) The words “herein,” “hereto,” “hereof” and “hereunder” and words of similar import when
used in any Loan Document shall refer to such Loan Document as a whole and not to any particular
provision thereof.

     (c) Article, Section, Exhibit and Schedule references are to the Loan Document in which such
reference appears.

     (d) The term “including” is by way of example and not limitation.

     (e) In the computation of periods of time from a specified date to a later specified date, the
word “from” means “from and including”; the words “to” and “until” each mean “to but excluding”;
and the word “through” means “to and including”.

     (f) Section headings herein and in the other Loan Documents are included for convenience of
reference only and shall not affect the interpretation of this Agreement or any other Loan
Document.

     Section 1.03 Accounting Terms. 

     (a) All accounting terms not specifically or completely defined herein shall be construed in
conformity with, and all financial data (including financial ratios and other financial
calculations pursuant to Section 7.09) required to be submitted pursuant to this Agreement shall be
prepared in conformity with, GAAP, as in effect from time to time, applied on a basis consistent
(except for changes concurred in by the Borrower’s independent public accountants) with the most
recent audited consolidated financial statements of the Borrower and its Subsidiaries delivered to
the Lenders pursuant to Section 6.01 or, prior to such delivery, the
financial statements referred to in Section 5.05(a) for December 31, 2010 and the fiscal year
then ended.

39

 

     (b) In the event that any “Accounting Change” (as defined below) shall occur after the date
hereof and such change results in a change in the method of calculation of financial covenants,
standards or terms in this Agreement or any other Loan Document, and either the Borrower or the
Required Lenders shall so request, the Administrative Agent and the Borrower shall negotiate in
good faith to amend such provisions to preserve the original intent thereof in light of such
Accounting Change (subject to the approval of the Required Lenders); provided that, until so
amended, (i) all financial covenants, standards and terms in this Agreement and the other Loan
Documents shall continue to be calculated or construed as if such Accounting Change had not
occurred and (ii) the Borrower shall provide to the Administrative Agent and the Lenders a written
reconciliation in form reasonably satisfactory to the Administrative Agent, between calculations of
such financial covenants, standards and terms made before and after giving effect to such
Accounting Change. “Accounting Change” refers to any change in accounting principles required by
the promulgation of any rule, regulation, pronouncement or opinion by the Financial Accounting
Standards Board of the American Institute of Certified Public Accountants or, if applicable, the
SEC.

     (c) Notwithstanding anything to the contrary contained herein, financial ratios and other
financial calculations pursuant to this Agreement shall, following any Specified Acquisition or any
Specified Disposition, be calculated on a Pro Forma Basis until the completion of four full fiscal
quarters following such Specified Acquisition or Specified Disposition.

     (d) Notwithstanding anything to the contrary in any Loan Document, for purposes of making any
calculation or determination pursuant to the terms of this Agreement on and after the Effective
Date, the change in GAAP resulting from the adoption by any of the Consolidated Companies of
Statement of Financial Accounting Standards No. 141(R) (Business Combinations) and/or FSP FAS
141(R)-1 (Accounting for Assets Acquired and Liabilities Assumed in a Business Combination That
Arise from Contingencies) (collectively, “SFAS No. 141(R)”), shall not be given effect in respect
of any earn-out obligations and such calculations and determinations shall be made on the basis of
GAAP as in effect from time to time but without giving effect to the adoption of SFAS No. 141(R) in
respect of any earn-out obligations. The Borrower shall provide to the Administrative Agent and
the Lenders a written reconciliation in form reasonably satisfactory to the Administrative Agent,
between such calculations or determinations made before and after giving effect to SFAS No. 141(R)
in respect of any earn-out obligations.

     Section 1.04 Rounding. Any financial ratios required to be maintained by the Borrower pursuant
to this Agreement (or required to be satisfied in order for a specific action to be permitted under
this Agreement) shall be calculated by dividing the appropriate component by the other component,
carrying the result to one place more than the number of places by which such ratio is expressed
herein and rounding the result up or down to the nearest number (with a rounding-up if there is no
nearest number).

     Section 1.05 References to Agreements and Laws. Unless otherwise expressly provided herein,
(a) references to Organization Documents, agreements (including the Loan Documents) and other
contractual instruments shall be deemed to include all subsequent amendments, restatements,
extensions, supplements and other modifications thereto, but only to

40

 

the extent that such
amendments, restatements, extensions, supplements and other modifications are not prohibited by any
Loan Document; and (b) references to any Law shall include all statutory and regulatory provisions
consolidating, amending, replacing, supplementing or interpreting such Law.

     Section 1.06 Times of Day. Unless otherwise specified, all references herein to times of day
shall be references to Eastern time (daylight or standard, as applicable).

     Section 1.07 Timing of Payment or Performance. When the payment of any obligation or the
performance of any covenant, duty or obligation is stated to be due or performance required on a
day which is not a Business Day, the date of such payment or performance shall extend to the
immediately succeeding Business Day and such extension of time shall be reflected in computing
interest or fees, as the case may be; provided that, with respect to any payment of interest on or
principal of Eurodollar Rate Loans, if such extension would cause any such payment to be made in
the next succeeding calendar month, such payment shall be made on the immediately preceding
Business Day.

     Section 1.08 Foreign Currency Denominated Debt. For purposes of determining compliance with
any U.S. dollar-denominated restriction on the incurrence of Indebtedness, the U.S.
dollar-equivalent principal amount of Indebtedness denominated in a foreign currency shall be
calculated based on the relevant currency exchange rate in effect on the date such Indebtedness was
incurred, in the case of term Indebtedness, or first committed, in the case of revolving credit
Indebtedness; provided that if such Indebtedness is incurred to refinance other Indebtedness
denominated in a foreign currency, and such refinancing would cause the applicable U.S.
dollar-denominated restriction to be exceeded if calculated at the relevant currency exchange rate
in effect on the date of such refinancing, such U.S. dollar-denominated restriction shall be deemed
not to have been exceeded so long as the principal amount of such refinancing Indebtedness does not
exceed the principal amount of such Indebtedness being refinanced. Notwithstanding anything to the
contrary in this Agreement, the maximum amount of Indebtedness that the Restricted Companies may
incur in compliance with this Agreement shall not be deemed to be exceeded solely as a result of
fluctuations in the exchange rate of currencies. The principal amount of any Indebtedness incurred
to refinance other Indebtedness, if incurred in a different currency from the Indebtedness being
refinanced, shall be calculated based on the currency exchange rate applicable to the currencies in
which such refinancing Indebtedness is denominated that is in effect on the date of such
refinancing.

ARTICLE 2

The Commitments and Credit Extensions

     Section 2.01 The Committed Loans. (a) The Term A Borrowings. Subject to the terms and conditions set forth herein and the
Amendment Agreement, each Term A Lender party to the Amendment Agreement severally
agrees to make, on the Effective Date, a single loan in Dollars to the Borrower in an amount
equal to such Lender’s Term A Commitment. Amounts borrowed under this Section 2.01(a) and repaid
or prepaid may not be reborrowed. Term A Loans may be Base Rate Loans or Eurodollar Rate Loans, as
further provided herein.

41

 

     (b) The Term B Borrowings. Subject to the terms and conditions set forth herein and the
Amendment Agreement, each Term B Lender party to the Amendment Agreement severally agrees to make,
on the Effective Date, a single loan in Dollars to the Borrower in an amount equal to such Lender’s
Term B Commitment. Amounts borrowed under this Section 2.01(b) and repaid or prepaid may not be
reborrowed. Term B Loans may be Base Rate Loans or Eurodollar Rate Loans, as further provided
herein.

     (c) The Revolving Credit Borrowings. Subject to the terms and conditions set forth herein,
each Revolving Credit Lender severally agrees to make loans (each such loan, a “Revolving Credit
Loan”) to the Borrower from time to time, on any Business Day prior to the Revolving Credit
Maturity Date, in an aggregate amount not to exceed at any time outstanding the amount of such
Lender’s Revolving Credit Commitment; provided that after giving effect to any Revolving Credit
Borrowing, (x) the aggregate Outstanding Amount of the Revolving Credit Loans of any Lender, plus
such Lender’s Pro Rata Share of the Outstanding Amount of all L/C Obligations, plus such Lender’s
Pro Rata Share of the Outstanding Amount of all Swing Line Loans shall not exceed such Lender’s
Revolving Credit Commitment and (y) the Total Revolving Outstandings shall not exceed the Aggregate
Revolving Credit Commitments. Within the limits of each Lender’s Revolving Credit Commitment, and
subject to the other terms and conditions hereof, the Borrower may borrow under this Section
2.01(c), prepay under Section 2.05 and reborrow under this Section 2.01(c). Revolving Credit Loans
may be Base Rate Loans or Eurodollar Rate Loans, as further provided herein.

     Section 2.02 Borrowings, Conversions and Continuations of Committed Loans. (a) Each Term A Borrowing, each Term B Borrowing, each Revolving Credit Borrowing, each
conversion of Term Loans or Revolving Credit Loans from one Type to the other, and each
continuation of Eurodollar Rate Loans shall be made upon the Borrower’s irrevocable notice to the
Administrative Agent, which may be given by telephone. Each such notice must be received by the
Administrative Agent not later than (i) 1:00 p.m. three Business Days prior to the requested date
of any Borrowing of Eurodollar Rate Loans, continuation of Eurodollar Rate Loans or any conversion
of Base Rate Loans to Eurodollar Rate Loans, and (ii) 12:00 p.m. on the requested date of any
Borrowing of Base Rate Loans. Each telephonic notice by the Borrower pursuant to this Section
2.02(a) must be confirmed promptly by delivery to the Administrative Agent of a written Committed
Loan Notice, appropriately completed and signed by a Responsible Officer of the Borrower. Each
Borrowing of, conversion to or continuation of Eurodollar Rate Loans shall be in a principal amount
of $1,000,000 or a whole multiple of $1,000,000 in excess thereof. Except as provided in Section
2.03(c)(i) and Section 2.04(c)(i), each Borrowing of or conversion to Base Rate Loans shall be in a
principal amount of $500,000 or a whole multiple of $100,000 in excess thereof. Each Committed Loan
Notice (whether telephonic or written) shall specify (i) whether the Borrower is requesting a Term
A Borrowing, a Term B Borrowing, a Revolving Credit Borrowing, a conversion of Term Loans or
Revolving Credit Loans from one Type to the other, or a continuation of Eurodollar Rate Loans, (ii)
the
requested date of the Borrowing, conversion or continuation, as the case may be (which shall
be a Business Day), (iii) the principal amount of Committed Loans to be borrowed, converted or
continued, (iv) the Type of Committed Loans to be borrowed or which existing Term Loans or
Revolving Credit Loans are to be converted and (v) if applicable, the duration of the Interest
Period with respect thereto. If the Borrower fails to specify a Type of Loan in a Committed Loan
Notice or fails to give a timely notice requesting a conversion or continuation, then the

42

 

applicable Term Loans or Revolving Credit Loans shall be made as, or converted to, a Eurodollar
Rate Loan with an Interest Period of one month (subject to the definition of Interest Period). Any
such automatic conversion to Eurodollar Rate Loans with an Interest Period of one month shall be
effective as of the last day of the Interest Period then in effect with respect to the applicable
Eurodollar Rate Loans. If the Borrower requests a Borrowing of, conversion to, or continuation of
Eurodollar Rate Loans in any such Committed Loan Notice, but fails to specify an Interest Period,
it will be deemed to have specified an Interest Period of one month.

     (b) Following receipt of a Committed Loan Notice, the Administrative Agent shall promptly
notify each Appropriate Lender of the amount of its Pro Rata Share of the applicable Class of
Loans, and if no timely notice of a conversion or continuation is provided by the Borrower, the
Administrative Agent shall notify each Lender of the details of any automatic conversion to
Eurodollar Rate Loans with an Interest Period of one month or continuation described in Section
2.02(a). In the case of each Committed Borrowing, each Appropriate Lender shall make the amount of
its Committed Loan available to the Administrative Agent in immediately available funds at the
Administrative Agent’s Office not later than 1:00 p.m. on the Business Day specified in the
applicable Committed Loan Notice. Upon satisfaction of the applicable conditions set forth in
Section 4.02 (and, if such Borrowing is the initial Credit Extension, Section 4.01), the
Administrative Agent shall make all funds so received available to the Borrower in like funds as
received by the Administrative Agent either by (i) crediting the account of the Borrower on the
books of JPMCB with the amount of such funds or (ii) wire transfer of such funds, in each case in
accordance with instructions provided to the Administrative Agent by the Borrower; provided that
if, on the date the Committed Loan Notice with respect to such Borrowing is given by the Borrower,
there are Swing Line Loans or L/C Borrowings outstanding, then the proceeds of such Borrowing shall
be applied, first, to the payment in full of any such L/C Borrowings, second, to
the payment in full of any such Swing Line Loans, and third, to the Borrower as provided
above.

     (c) Except as otherwise provided herein, a Eurodollar Rate Loan may be continued or converted
only on the last day of an Interest Period for such Eurodollar Rate Loan unless the Borrower pays
the amount due, if any, under Section 3.07 in connection therewith. During the existence of an
Event of Default, the Administrative Agent or the Required Lenders may require that no Loans may be
converted to or continued as Eurodollar Rate Loans.

     (d) The Administrative Agent shall promptly notify the Borrower and the Lenders of the
interest rate applicable to any Interest Period for Eurodollar Rate Loans upon determination of
such interest rate. The determination of the Eurodollar Rate by the Administrative Agent shall be
conclusive in the absence of manifest error. At any time that Base Rate Loans are outstanding, the
Administrative Agent shall notify the Borrower and the Lenders of any change in JPMCB’s prime rate
used in determining the Base Rate promptly following the public announcement of such change.

     (e) After giving effect to all Term A Borrowings, all Term B Borrowings, all Revolving Credit
Borrowings, all conversions of Term Loans or Revolving Credit Loans from one Type to the other, and
all continuations of Term Loans or Revolving Credit Loans as the same Type, there shall not be more
than 20 Interest Periods in effect with respect to Committed Loans.

43

 

     (f) The failure of any Lender to make the Committed Loan to be made by it as part of any
Borrowing shall not relieve any other Lender of its obligation, if any, hereunder to make its
Committed Loan on the date of such Borrowing, but no Lender shall be responsible for the failure of
any other Lender to make the Committed Loan to be made by such other Lender on the date of any
Borrowing.

Section 2.03 Letters of Credit. (a) The Letter of Credit Commitment. (i) Subject to the terms and conditions set forth herein, (A) the L/C Issuer agrees, in
reliance upon the agreements of the other Revolving Credit Lenders set forth in this Section
2.03, (1) from time to time on any Business Day until the Letter of Credit Expiration Date,
to issue Letters of Credit for the account of the Borrower and to amend or renew Letters of
Credit previously issued by it, in accordance with Section 2.03(b), and (2) to honor drafts
under the Letters of Credit; and (B) the Revolving Credit Lenders severally agree to
participate in Letters of Credit issued for the account of the Borrower; provided that the
L/C Issuer shall not be obligated to make any L/C Credit Extension with respect to any
Letter of Credit, and no Lender shall be obligated to participate in any Letter of Credit if
as of the date of such L/C Credit Extension or after giving effect thereto, (x) the Total
Revolving Outstandings would exceed the Aggregate Revolving Credit Commitments, (y) the
aggregate Outstanding Amount of the Revolving Credit Loans of any Lender, plus such Lender’s
Pro Rata Share of the Outstanding Amount of all L/C Obligations, plus such Lender’s Pro Rata
Share of the Outstanding Amount of all Swing Line Loans would exceed such Lender’s Revolving
Credit Commitment or (z) the Outstanding Amount of the L/C Obligations would exceed the
Letter of Credit Sublimit. Within the foregoing limits, and subject to the terms and
conditions hereof, the Borrower’s ability to obtain Letters of Credit shall be fully
revolving, and accordingly the Borrower may, during the foregoing period, obtain Letters of
Credit to replace Letters of Credit that have expired or that have been drawn upon and
reimbursed. For the avoidance of doubt, all Letters of Credit (as defined in the Original
Credit Agreement) outstanding on the Effective Date shall be deemed to be Letters of Credit
under this Agreement.

     (ii) The L/C Issuer shall be under no obligation to issue any Letter of Credit if:

     (A) any order, judgment or decree of any Governmental Authority or arbitrator
shall by its terms purport to enjoin or restrain the L/C Issuer from issuing such
Letter of Credit, or any Law applicable to the L/C Issuer or any request or
directive (whether or not having the force of law) from any Governmental Authority
with jurisdiction over the L/C Issuer shall prohibit, or
request that the L/C Issuer refrain from, the issuance of letters of credit
generally or such Letter of Credit in particular or shall impose upon the L/C Issuer
with respect to such Letter of Credit any restriction, reserve or capital
requirement (for which the L/C Issuer is not otherwise compensated hereunder) not in
effect on the Effective Date, or shall impose upon the L/C Issuer any unreimbursed
loss, cost or expense which was not applicable on the Effective Date and which, in
each case, the L/C Issuer in good faith deems material to it; provided that for
purposes of the foregoing and notwithstanding anything herein to the contrary (x)
the Dodd-Frank Wall Street Reform and Consumer Protection Act and all requests,
rules, guidelines or directives thereunder or issued in connection therewith and (y)

44

 

all requests, rules, guidelines or directives promulgated by the Bank for
International Settlements, the Basel Committee or Banking Supervision (or any
successor or similar authority) or the United States or foreign regulatory
authorities, in each case pursuant to Basel III, shall in each case be deemed to be
enacted, adopted or issued after the Effective Date, regardless of the date actually
enacted, adopted or issued.

     (B) subject to Section 2.03(b)(iii), the expiry date of such requested Letter
of Credit would occur more than twelve months after the date of issuance or last
renewal, unless the Revolving Credit Lenders (other than any Revolving Credit Lender
that is a Defaulting Lender) have approved such expiry date;

     (C) the expiry date of such requested Letter of Credit would occur after the
Letter of Credit Expiration Date, unless all the Revolving Credit Lenders (other
than any Revolving Credit Lender that is a Defaulting Lender) have approved such
expiry date; or

     (D) the issuance of such Letter of Credit would violate any Laws or one or more
policies of the L/C Issuer.

     (iii) The L/C Issuer shall be under no obligation to amend any Letter of Credit if (A)
the L/C Issuer would have no obligation at such time to issue such Letter of Credit in its
amended form under the terms hereof, or (B) the beneficiary of such Letter of Credit does
not accept the proposed amendment to such Letter of Credit.

     (b) Procedures for Issuance and Amendment of Letters of Credit; Auto-Renewal Letters of
Credit. (i) Each Letter of Credit shall be issued or amended, as the case may be, upon the
request of the Borrower delivered to the L/C Issuer (with a copy to the Administrative
Agent) in the form of a Letter of Credit Application, appropriately completed and signed by
a Responsible Officer of the Borrower. Such Letter of Credit Application must be received by
the L/C Issuer and the Administrative Agent not later than 1:00 p.m. at least two Business
Days prior to the proposed issuance date or date of amendment, as the case may be, or such
later date and time as the L/C Issuer may agree in a particular instance in its sole
discretion. In the case of a request for an initial issuance of a Letter of Credit, such
Letter of Credit Application shall specify in form and detail reasonably satisfactory
to the L/C Issuer: (A) the proposed issuance date of the requested Letter of Credit
(which shall be a Business Day); (B) the amount thereof; (C) the expiry date thereof; (D)
the name and address of the beneficiary thereof; (E) the documents to be presented by such
beneficiary in case of any drawing thereunder; (F) the full text of any certificate to be
presented by such beneficiary in case of any drawing thereunder; and (G) such other matters
as the L/C Issuer may reasonably request. In the case of a request for an amendment of any
outstanding Letter of Credit, such Letter of Credit Application shall specify in form and
detail reasonably satisfactory to the L/C Issuer: (1) the Letter of Credit to be amended;
(2) the proposed date of amendment thereof (which shall be a Business Day); (3) the nature
of the proposed amendment; and (4) such other matters as the L/C Issuer may reasonably
request. In the event that any Letter of Credit Application includes representations and
warranties, covenants and/or events of default that do not

45

 

contain the materiality
qualifiers, exceptions or thresholds that are applicable to the analogous provisions of this
Agreement or other Loan Documents, or are otherwise more restrictive, the relevant
qualifiers, exceptions and thresholds contained herein shall be incorporated therein or, to
the extent more restrictive, shall be deemed for purposes of such Letter of Credit
Application to be the same as the analogous provisions herein.

     (ii) Promptly after receipt of any Letter of Credit Application, the L/C Issuer will
confirm with the Administrative Agent (by telephone or in writing) that the Administrative
Agent has received a copy of such Letter of Credit Application from the Borrower and, if
not, the L/C Issuer will provide the Administrative Agent with a copy thereof. Upon receipt
by the L/C Issuer of confirmation from the Administrative Agent that the requested issuance
or amendment is permitted in accordance with the terms hereof (such confirmation to be
promptly provided by the Administrative Agent), then, subject to the terms and conditions
hereof, the L/C Issuer shall, on the requested date, issue a Letter of Credit for the
account of the Borrower or enter into the applicable amendment, as the case may be.
Immediately upon the issuance of each Letter of Credit, each Revolving Credit Lender shall
be deemed to, and hereby irrevocably and unconditionally agrees to, purchase from the L/C
Issuer a risk participation in such Letter of Credit in an amount equal to the product of
such Lender’s Pro Rata Share times the amount of such Letter of Credit.

     (iii) If the Borrower so requests in any applicable Letter of Credit Application, the
L/C Issuer may, in its sole and absolute discretion, agree to issue a Letter of Credit that
has automatic renewal provisions (each, an “Auto-Renewal Letter of Credit”); provided that
any such Auto-Renewal Letter of Credit must permit the L/C Issuer to prevent any such
renewal at least once in each twelve month period (commencing with the date of issuance of
such Letter of Credit) by giving prior notice to the beneficiary thereof not later than a
day (the “Nonrenewal Notice Date”) in each such twelve month period to be agreed upon at the
time such Letter of Credit is issued. Unless otherwise directed by the L/C Issuer, the
Borrower shall not be required to make a specific request to the L/C Issuer for any such
renewal. Once an Auto-Renewal Letter of Credit has been issued, the Lenders shall be deemed
to have authorized (but may not require) the L/C Issuer to permit the renewal of such Letter
of Credit at any time to an expiry date not later than the Letter of Credit Expiration Date;
provided that the L/C Issuer shall not permit any such renewal if (A) the L/C Issuer has
determined that it would have no obligation at
such time to issue such Letter of Credit in its renewed form under the terms hereof (by
reason of the provisions of Section 2.03(a)(ii) or otherwise), or (B) it has received notice
(which may be by telephone or in writing) on or before the day that is five Business Days
before the Nonrenewal Notice Date from the Administrative Agent, any Revolving Credit Lender
or the Borrower that one or more of the applicable conditions specified in Section 4.02 is
not then satisfied.

     (iv) Promptly after its delivery of any Letter of Credit or any amendment to a Letter
of Credit to an advising bank with respect thereto or to the beneficiary thereof, the L/C
Issuer will also deliver to the Borrower and the Administrative Agent a true and complete
copy of such Letter of Credit or amendment.

46

 

(c) Drawings and Reimbursements; Funding of Participations. (i) Upon receipt from the beneficiary of any Letter of Credit of any notice of a
drawing under such Letter of Credit, the L/C Issuer shall notify the Borrower and the
Administrative Agent thereof. Not later than 3:00 p.m. on the date of any payment by the
L/C Issuer under a Letter of Credit (each such date, an “Honor Date”), the Borrower shall
reimburse the L/C Issuer through the Administrative Agent in an amount equal to the amount
of such drawing; provided that if notice of such drawing is not provided to the Borrower
prior to 1:00 p.m. on the Honor Date, then the Borrower shall reimburse the L/C Issuer
through the Administrative Agent in an amount equal to the amount of such drawing on the
next succeeding Business Day and such extension of time shall be reflected in computing fees
in respect of any such Letter of Credit. If the Borrower fails to so reimburse the L/C
Issuer by such time, the Administrative Agent shall promptly notify each Revolving Credit
Lender of the Honor Date, the amount of the unreimbursed drawing (the “Unreimbursed
Amount”), and the amount of such Revolving Credit Lender’s Pro Rata Share thereof. In such
event, the Borrower shall be deemed to have requested a Revolving Credit Borrowing of Base
Rate Loans to be disbursed on the Honor Date in an amount equal to the Unreimbursed Amount,
without regard to the minimum and multiples specified in Section 2.02(a) for the principal
amount of Base Rate Loans but subject to the amount of the unutilized portion of the
Revolving Credit Commitments and the conditions set forth in Section 4.02 (other than the
delivery of a Committed Loan Notice). Any notice given by the L/C Issuer or the
Administrative Agent pursuant to this Section 2.03(c)(i) may be given by telephone if
immediately confirmed in writing; provided that the lack of such an immediate confirmation
shall not affect the conclusiveness or binding effect of such notice.

     (ii) Each Revolving Credit Lender (including the Lender acting as L/C Issuer) shall
upon any notice pursuant to Section 2.03(c)(i) make funds available to the Administrative
Agent for the account of the L/C Issuer, in Dollars, at the Administrative Agent’s Office in
an amount equal to its Pro Rata Share of the Unreimbursed Amount not later than 1:00 p.m. on
the Business Day specified in such notice by the Administrative Agent, whereupon, subject to
the provisions of Section 2.03(c)(iii), each Revolving Credit Lender that so makes funds
available shall be deemed to have made a Base Rate Loan to the Borrower in such amount. The
Administrative Agent shall remit the funds so received to the L/C Issuer.

     (iii) With respect to any Unreimbursed Amount that is not fully refinanced by a
Revolving Credit Borrowing of Base Rate Loans, the Borrower shall be deemed to have incurred
from the L/C Issuer an L/C Borrowing in the amount of the Unreimbursed Amount that is not so
refinanced, which L/C Borrowing shall be due and payable on demand (together with interest)
and shall bear interest at the Default Rate. In such event, each Revolving Credit Lender’s
payment to the Administrative Agent for the account of the L/C Issuer pursuant to Section
2.03(c)(ii) shall be deemed payment in respect of its participation in such L/C Borrowing
and shall constitute an L/C Advance from such Lender in satisfaction of its participation
obligation under this Section 2.03.

     (iv) Until each Revolving Credit Lender funds its Revolving Credit Loan or L/C Advance
pursuant to this Section 2.03(c) to reimburse the L/C Issuer for any amount

47

 

drawn under any
Letter of Credit, interest in respect of such Lender’s Pro Rata Share of such amount shall
be solely for the account of the L/C Issuer.

     (v) Each Revolving Credit Lender’s obligation to make Revolving Credit Loans or L/C
Advances to reimburse the L/C Issuer for amounts drawn under Letters of Credit, as
contemplated by this Section 2.03(c), shall be absolute and unconditional and shall not be
affected by any circumstance, including (A) any setoff, counterclaim, recoupment, defense or
other right which such Lender may have against the L/C Issuer, the Borrower or any other
Person for any reason whatsoever; (B) the occurrence or continuance of a Default; or (C) any
other occurrence, event or condition, whether or not similar to any of the foregoing;
provided that each Revolving Credit Lender’s obligation to make Revolving Credit Loans
pursuant to this Section 2.03(c) is subject to the conditions set forth in Section 4.02
(other than delivery by the Borrower of a Committed Loan Notice ). No such making of an L/C
Advance shall relieve or otherwise impair the obligation of the Borrower to reimburse the
L/C Issuer for the amount of any payment made by the L/C Issuer under any Letter of Credit,
together with interest as provided herein.

     (vi) If any Revolving Credit Lender fails to make available to the Administrative Agent
for the account of the L/C Issuer any amount required to be paid by such Lender pursuant to
the foregoing provisions of this Section 2.03(c) by the time specified in Section
2.03(c)(ii), the L/C Issuer shall be entitled to recover from such Lender (acting through
the Administrative Agent), on demand, such amount with interest thereon for the period from
the date such payment is required to the date on which such payment is immediately available
to the L/C Issuer at a rate per annum equal to the greater of the Federal Funds Rate and a
rate determined by the L/C Issuer in accordance with banking industry rules on interbank
compensation. If such Lender pays such amount (with interest as aforesaid), the amount so
paid shall constitute such Lender’s Committed Loan included in the relevant Committed
Borrowing or L/C Advance in respect of the relevant L/C Borrowing, as the case may be. A
certificate of the L/C Issuer submitted to any Revolving Credit Lender (through the
Administrative Agent) with respect to any amounts owing under this Section 2.03(c)(vi) shall
be conclusive absent manifest error.

(d) Repayment of Participations. (i) If, at any time after the L/C Issuer has made a payment under any Letter of Credit
and has received from any Revolving Credit Lender such Lender’s L/C Advance in respect of
such payment in accordance with Section 2.03(c), the Administrative Agent receives for the
account of the L/C Issuer any payment in respect of the related Unreimbursed Amount or
interest thereon (whether directly from the Borrower or otherwise, including proceeds of
Cash Collateral applied thereto by the Administrative Agent), the Administrative Agent will
distribute to such Lender its Pro Rata Share thereof and in the same funds as those received
by the Administrative Agent.

     (ii) If any payment received by the Administrative Agent for the account of the L/C
Issuer pursuant to Section 2.03(c)(i) is required to be returned under any of the
circumstances described in Section 10.06 (including pursuant to any settlement entered into
by the L/C Issuer in its discretion), each Revolving Credit Lender shall pay to the

48

 

Administrative Agent for the account of the L/C Issuer its Pro Rata Share thereof on demand
of the Administrative Agent, plus interest thereon from the date of such demand to the date
such amount is returned by such Lender, at a rate per annum equal to the Federal Funds Rate
from time to time in effect.

     (e) Obligations Absolute. The obligation of the Borrower to reimburse the L/C Issuer for each
drawing under each Letter of Credit and to repay each L/C Borrowing shall be absolute,
unconditional and irrevocable, and shall be paid strictly in accordance with the terms of this
Agreement under all circumstances, including the following:

     (i) any lack of validity or enforceability of such Letter of Credit, this Agreement, or
any other Loan Document;

     (ii) the existence of any claim, counterclaim, setoff, defense or other right that the
Borrower may have at any time against any beneficiary or any transferee of such Letter of
Credit (or any Person for whom any such beneficiary or any such transferee may be acting),
the L/C Issuer or any other Person, whether in connection with this Agreement, the
transactions contemplated hereby or by such Letter of Credit or any agreement or instrument
relating thereto, or any unrelated transaction;

     (iii) any draft, demand, certificate or other document presented under such Letter of
Credit proving to be forged, fraudulent, invalid or insufficient in any respect or any
statement therein being untrue or inaccurate in any respect; or any loss or delay in the
transmission or otherwise of any document required in order to make a drawing under such
Letter of Credit;

     (iv) any payment by the L/C Issuer under such Letter of Credit against presentation of
a draft or certificate that does not strictly comply with the terms of such Letter of
Credit; or any payment made by the L/C Issuer under such Letter of Credit to any Person
purporting to be a trustee in bankruptcy, debtor-in-possession, assignee for the benefit of
creditors, liquidator, receiver or other representative of or successor to any beneficiary
or any transferee of such Letter of Credit, including any arising in connection with any
proceeding under any Debtor Relief Law;

     (v) any exchange, release or nonperfection of any Collateral, or any release or
amendment or waiver of or consent to departure from the Subsidiary Guaranty or any other
guarantee, for all or any of the Obligations of the Borrower in respect of such Letter of
Credit; or

     (vi) any other circumstance or happening whatsoever, whether or not similar to any of
the foregoing, including any other circumstance that might otherwise constitute a defense
available to, or a discharge of, the Borrower;

provided that the foregoing shall not excuse the L/C Issuer from liability to the Borrower to the
extent of any direct damages (as opposed to consequential damages, claims in respect of which are
waived by the Borrower to the extent permitted by applicable law) suffered by the Borrower that are
caused by the L/C Issuer’s gross negligence or willful misconduct. The Borrower shall promptly
examine a copy of each Letter of Credit and each amendment thereto that is delivered

49

 

to it and, in
the event of any claim of noncompliance with the Borrower’s instructions or other irregularity, the
Borrower will promptly notify the L/C Issuer. The Borrower shall be conclusively deemed to have
waived any such claim against the L/C Issuer and its correspondents unless such notice is given as
aforesaid.

     (f) Role of L/C Issuer. Each Lender and the Borrower agree that, in paying any drawing under a
Letter of Credit, the L/C Issuer shall not have any responsibility to obtain any document (other
than any sight draft, certificates and documents expressly required by the Letter of Credit) or to
ascertain or inquire as to the validity or accuracy of any such document or the authority of the
Person executing or delivering any such document. None of the L/C Issuer, any Agent-Related Person
nor any of the respective correspondents, participants or assignees of the L/C Issuer shall be
liable to any Lender for (i) any action taken or omitted in connection herewith at the request or
with the approval of the Lenders or the Required Lenders, as applicable; (ii) any action taken or
omitted in the absence of gross negligence or willful misconduct; or (iii) the due execution,
effectiveness, validity or enforceability of any document or instrument related to any Letter of
Credit or Letter of Credit Application. The Borrower hereby assumes all risks of the acts or
omissions of any beneficiary or transferee with respect to its use of any Letter of Credit;
provided that this assumption is not intended to, and shall not, preclude the Borrower from
pursuing such rights and remedies as it may have against the beneficiary or transferee at Law or
under this Agreement or any other agreement. None of the L/C Issuer, any Agent-Related Person, nor
any of the respective correspondents, participants or assignees of the L/C Issuer, shall be liable
or responsible for any of the matters described in clauses (i) through (vi) of Section 2.03(e);
provided that anything in such clauses to the contrary notwithstanding, the Borrower may have a
claim against the L/C Issuer, and the L/C Issuer may be liable to the Borrower, to the extent, but
only to the extent, of any direct, as opposed to consequential or exemplary, damages suffered by
the Borrower which the Borrower proves were caused by the L/C Issuer’s willful misconduct or gross
negligence or the L/C Issuer’s willful or grossly negligent failure to pay under any Letter of
Credit after the presentation to it by the beneficiary of a sight draft and certificate(s) strictly
complying with the terms and conditions of a Letter of Credit. In furtherance and not in limitation
of the foregoing, the L/C Issuer may accept documents that appear on their face to be in order,
without responsibility for further investigation, regardless of any notice or information to the
contrary, and the L/C Issuer shall not be responsible for the validity or sufficiency of any
instrument transferring or assigning or
purporting to transfer or assign a Letter of Credit or the rights or benefits thereunder or
proceeds thereof, in whole or in part, which may prove to be invalid or ineffective for any reason.

     (g) Cash Collateral. Upon the request of the Administrative Agent, (i) if the L/C Issuer has
honored any full or partial drawing request under any Letter of Credit and such drawing has
resulted in an L/C Borrowing and the conditions set forth in Section 4.02 to a Revolving Credit
Borrowing cannot then be met, or (ii) if, as of the Letter of Credit Expiration Date, any Letter of
Credit may for any reason remain outstanding and partially or wholly undrawn, the Borrower shall,
within three Business Days, Cash Collateralize the then Outstanding Amount of all L/C Obligations
(in an amount equal to such Outstanding Amount determined as of the date of such L/C Borrowing or
the Letter of Credit Expiration Date, as the case may be) or, in the case of clause (ii), provide a
back-to-back letter of credit in a face amount at least equal to the then undrawn amount of such
Letter of Credit from an issuer and in form and substance reasonably satisfactory to the L/C
Issuer. For purposes hereof, “Cash Collateralize”

50

 

means to pledge and deposit with or deliver to
the Administrative Agent, for the benefit of the L/C Issuer and the Lenders, as collateral for the
L/C Obligations, cash or deposit account balances (“Cash Collateral”) pursuant to documentation in
form and substance reasonably satisfactory to the Administrative Agent and the L/C Issuer (which
documents are hereby consented to by the Lenders). Derivatives of such term have corresponding
meanings. Cash Collateral shall be maintained in a Cash Collateral Account. If at any time the
Administrative Agent determines that any funds held as Cash Collateral are subject to any right or
claim of any Person other than rights or claims of the Administrative Agent and claims of the
Collateral Agent arising by operation of law or that the total amount of such funds is less than
the aggregate Outstanding Amount of all L/C Obligations, the Borrower will, forthwith upon demand
by the Administrative Agent, pay to the Administrative Agent, as additional funds to be deposited
and held in the Cash Collateral Account, an amount equal to the excess of (A) such aggregate
Outstanding Amount over (B) the total amount of funds, if any, then held as Cash Collateral that
the Administrative Agent determines to be free and clear of any such right and claim. Upon the
drawing of any Letter of Credit for which funds are on deposit as Cash Collateral, such funds shall
be applied, to the extent permitted under applicable Law, to reimburse the L/C Issuer. To the
extent the amount of any Cash Collateral exceeds the aggregate Outstanding Amount of all L/C
Obligations and so long as no Event of Default has occurred and is continuing, the excess shall be
refunded to the Borrower.

     (h) Applicability of ISP98 and UCP. Unless otherwise expressly agreed by the L/C Issuer and
the Borrower when a Letter of Credit is issued, (i) the rules of the “International Standby
Practices 1998” published by the Institute of International Banking Law & Practice (or such later
version thereof as may be in effect at the time of issuance) shall apply to each standby Letter of
Credit, and (ii) the rules of the Uniform Customs and Practice for Documentary Credits, as most
recently published by the International Chamber of Commerce at the time of issuance shall apply to
each commercial Letter of Credit.

     (i) Letter of Credit Fees. The Borrower shall pay to the Administrative Agent for the account
of each Revolving Credit Lender in accordance with its Pro Rata Share a Letter of Credit fee for
each Letter of Credit issued for the account of the Borrower equal to the Applicable Margin times
the daily maximum amount then available to be drawn under such Letter of Credit (whether or not
such maximum amount is then in effect under such Letter of Credit if such
maximum amount increases periodically pursuant to the terms of such Letter of Credit). Such
letter of credit fees shall be computed on a quarterly basis in arrears. Such letter of credit fees
shall be due and payable on the first Business Day after the end of each March, June, September and
December, commencing with the first such date to occur after the issuance of such Letter of Credit,
on the Letter of Credit Expiration Date and thereafter on demand. If there is any change in the
Applicable Margin during any quarter, the daily maximum amount of each Letter of Credit shall be
computed and multiplied by the Applicable Margin separately for each period during such quarter
that such Applicable Margin was in effect.

     (j) Fronting Fee and Documentary and Processing Charges Payable to L/C Issuer. The Borrower
shall pay directly to the L/C Issuer for its own account a fronting fee with respect to each Letter
of Credit issued for the account of the Borrower equal to 0.125% per annum (or, in the case of any
L/C Issuer, any lesser percentage that may be agreed by the Borrower and such L/C Issuer) of the
daily maximum amount then available to be drawn under such Letter of Credit

51

 

(whether or not such
maximum amount is then in effect under such Letter of Credit if such maximum amount increases
periodically pursuant to the terms of such Letter of Credit). Such fronting fees shall be computed
on a quarterly basis in arrears. Such fronting fees shall be due and payable on the first Business
Day after the end of each March, June, September and December, commencing with the first such date
to occur after the issuance of such Letter of Credit, on the Letter of Credit Expiration Date and
thereafter on demand. In addition, the Borrower shall pay directly to the L/C Issuer for its own
account the customary issuance, presentation, amendment and other processing fees, and other
standard costs and charges, of the L/C Issuer relating to letters of credit as from time to time in
effect. Such customary fees and standard costs and charges are due and payable within five Business
Days of demand and are nonrefundable.

     (k) Conflict with Letter of Credit Application. In the event of any conflict between the terms
hereof and the terms of any Letter of Credit Application, the terms hereof shall control.

     (l) Defaulting Lenders. This Section 2.03 shall be subject to the applicable provisions of
Section 2.15 in the event any Lender becomes a Defaulting Lender.

     Section 2.04 Swing Line Loans. (a) The Swing Line. Subject to the terms and conditions set forth herein, the Swing Line
Lender agrees to make loans (each such loan, a “Swing Line Loan”) to the Borrower from time to time
on any Business Day until the Revolving Credit Maturity Date in an aggregate amount not to exceed
at any time outstanding the amount of the Swing Line Sublimit, notwithstanding the fact that such
Swing Line Loans, when aggregated with the Pro Rata Share of the Outstanding Amount of Revolving
Credit Loans and L/C Obligations of the Lender acting as Swing Line Lender, may exceed the amount
of such Lender’s Revolving Credit Commitment; provided that after giving effect to any Swing Line
Loan, (x) the Total Revolving Outstandings shall not exceed the Aggregate Revolving Credit
Commitments and (y) the aggregate Outstanding Amount of the Revolving Credit Loans of any Lender,
plus such Lender’s Pro Rata Share of the Outstanding Amount of all L/C Obligations, plus such
Lender’s Pro Rata Share of the Outstanding Amount of all Swing Line Loans shall not exceed such
Lender’s Revolving Credit Commitment; provided further that the Borrower shall not use the proceeds
of any Swing
Line Loan to refinance any outstanding Swing Line Loan. Within the foregoing limits, and
subject to the other terms and conditions hereof, the Borrower may borrow under this Section 2.04,
prepay under Section 2.05 and reborrow under this Section 2.04. Each Swing Line Loan shall be a
Specified Rate Loan. Immediately upon the making of a Swing Line Loan, each Revolving Credit Lender
shall be deemed to, and hereby irrevocably and unconditionally agrees to, purchase from the Swing
Line Lender a risk participation in such Swing Line Loan in an amount equal to the product of such
Lender’s Pro Rata Share times the amount of such Swing Line Loan.

     (b) Borrowing Procedures. Each Swing Line Borrowing shall be made upon the Borrower’s
irrevocable notice to the Swing Line Lender and the Administrative Agent, which may be given by
telephone. Each such notice must be received by the Swing Line Lender and the Administrative Agent
not later than 3:00 p.m. on the requested borrowing date or such later time on the requested
borrowing date as may be approved by the Swing Line Lender in its sole discretion, and shall
specify (i) the amount to be borrowed, which shall be a minimum of $100,000, and (ii) the requested
borrowing date, which shall be a Business Day. Each such

52

 

telephonic notice must be confirmed
promptly by delivery to the Swing Line Lender and the Administrative Agent of a written Swing Line
Loan Notice, appropriately completed and signed by a Responsible Officer of the Borrower. Promptly
after receipt by the Swing Line Lender of any telephonic Swing Line Loan Notice, the Swing Line
Lender will confirm with the Administrative Agent (by telephone or in writing) that the
Administrative Agent has also received such Swing Line Loan Notice and, if not, the Swing Line
Lender will notify the Administrative Agent (by telephone or in writing) of the contents thereof.
Unless the Swing Line Lender has received notice (by telephone or in writing) from the
Administrative Agent (including at the request of any Revolving Credit Lender) prior to 3:30 p.m.
on the date of the proposed Swing Line Borrowing (A) directing the Swing Line Lender not to make
such Swing Line Loan as a result of the limitations set forth in the provisos to the first sentence
of Section 2.04(a), or (B) that one or more of the applicable conditions specified in Section 4.02
is not then satisfied, then, subject to the terms and conditions hereof, the Swing Line Lender
will, not later than 4:00 p.m. on the borrowing date specified in such Swing Line Loan Notice, make
the amount of its Swing Line Loan available to the Borrower.

(c) Refinancing of Swing Line Loans. (i) The Swing Line Lender at any time in its sole and absolute discretion may request,
on behalf of the Borrower (which hereby irrevocably authorizes the Swing Line Lender to so
request on its behalf), that each Revolving Credit Lender make a Specified Rate Loan in an
amount equal to such Lender’s Pro Rata Share of the amount of Swing Line Loans then
outstanding. Such request shall be made in writing (which written request shall be deemed to
be a Committed Loan Notice for purposes hereof) and in accordance with the requirements of
Section 2.02(a) as if it were a Base Rate Loan, without regard to the minimum and multiples
specified therein for the principal amount of Specified Rate Loans, but subject to the
unutilized portion of the Revolving Credit Facility and the conditions set forth in Section
4.02. The Swing Line Lender shall furnish the Borrower with a copy of the applicable
Committed Loan Notice promptly after delivering such notice to the Administrative Agent.
Each Revolving Credit Lender shall make an amount equal to its Pro Rata Share of the amount
specified in such Committed
Loan Notice available to the Administrative Agent in immediately available funds for
the account of the Swing Line Lender at the Administrative Agent’s Office not later than
1:00 p.m. on the day specified in such Committed Loan Notice, whereupon, subject to Section
2.04(c)(ii), each Revolving Credit Lender that so makes funds available shall be deemed to
have made a Specified Rate Loan to the Borrower in such amount. The Administrative Agent
shall remit the funds so received to the Swing Line Lender.

     (ii) If for any reason any Swing Line Loan cannot be refinanced by such a Revolving
Credit Borrowing in accordance with Section 2.04(c)(i), the request for Specified Rate Loans
submitted by the Swing Line Lender as set forth herein shall be deemed to be a request by
the Swing Line Lender that each of the Revolving Credit Lenders fund its risk participation
in the relevant Swing Line Loan and each Revolving Credit Lender’s payment to the
Administrative Agent for the account of the Swing Line Lender pursuant to Section 2.04(c)(i)
shall be deemed payment in respect of such participation.

53

 

     (iii) If any Revolving Credit Lender fails to make available to the Administrative
Agent for the account of the Swing Line Lender any amount required to be paid by such Lender
pursuant to the foregoing provisions of this Section 2.04(c) by the time specified in
Section 2.04(c)(i), the Swing Line Lender shall be entitled to recover from such Lender
(acting through the Administrative Agent), on demand, such amount with interest thereon for
the period from the date such payment is required to the date on which such payment is
immediately available to the Swing Line Lender at a rate per annum equal to the applicable
Federal Funds Rate from time to time in effect, plus any administrative, processing or
similar fees customarily charged by the Swing Line Lender in connection with the foregoing.
If such Lender pays such amount (with interest and fees as aforesaid), the amount so paid
shall constitute such Lender’s Committed Loan included in the relevant Committed Borrowing
or funded participation in the relevant Swing Line Loan, as the case may be. A certificate
of the Swing Line Lender submitted to any Lender (through the Administrative Agent) with
respect to any amounts owing under this clause (iii) shall be conclusive absent manifest
error.

     (iv) Each Revolving Credit Lender’s obligation to make Revolving Credit Loans or to
purchase and fund risk participations in Swing Line Loans pursuant to this Section 2.04(c)
shall be absolute and unconditional and shall not be affected by any circumstance, including
(A) any setoff, counterclaim, recoupment, defense or other right which such Lender may have
against the Swing Line Lender, the Borrower or any other Person for any reason whatsoever,
(B) the occurrence or continuance of a Default, or (C) any other occurrence, event or
condition, whether or not similar to any of the foregoing; provided that each Revolving
Credit Lender’s obligation to make Revolving Credit Loans pursuant to this Section 2.04(c)
is subject to the conditions set forth in Section 4.02 (other than delivery by the Borrower
of a Committed Loan Notice). No such funding of risk participations shall relieve or
otherwise impair the obligation of the Borrower to repay Swing Line Loans, together with
interest as provided herein.

(d) Repayment of Participations. (i) At any time after any Revolving Credit Lender has purchased and funded a risk
participation in a Swing Line Loan, if the Swing Line Lender receives any payment on account
of such Swing Line Loan, the Swing Line Lender will distribute to such Lender its Pro Rata
Share of such payment in the same funds as those received by the Swing Line Lender.

     (ii) If any payment received by the Swing Line Lender in respect of principal or
interest on any Swing Line Loan is required to be returned by the Swing Line Lender under
any of the circumstances described in Section 10.06 (including pursuant to any settlement
entered into by the Swing Line Lender in its discretion), each Revolving Credit Lender shall
pay to the Swing Line Lender its Pro Rata Share thereof on demand of the Administrative
Agent, plus interest thereon from the date of such demand to the date such amount is
returned, at a rate per annum equal to the applicable Federal Funds Rate. The Administrative
Agent will make such demand upon the request of the Swing Line Lender.

     (e) Interest for Account of Swing Line Lender. The Swing Line Lender shall be responsible for
invoicing the Borrower for interest on the Swing Line Loans. Until each

54

 

Revolving Credit Lender
funds its Specified Rate Loan or risk participation pursuant to this Section 2.04 to refinance such
Lender’s Pro Rata Share of any Swing Line Loan, interest in respect of such Pro Rata Share shall be
solely for the account of the Swing Line Lender.

     (f) Payments Directly to Swing Line Lender. The Borrower shall make all payments of principal
and interest in respect of the Swing Line Loans directly to the Swing Line Lender.

     (g) Defaulting Lenders. This Section 2.04 shall be subject to the applicable provisions of
Section 2.15 in the event any Lender becomes a Defaulting Lender.

     Section 2.05 Prepayments.

     (a) Optional.

     (i) Subject to Section 2.05(a)(iv), the Borrower may, upon notice to the Administrative
Agent, at any time or from time to time, voluntarily prepay the Term Loans and Revolving
Credit Loans in whole or in part without premium or penalty; provided that (A) such notice
must be received by the Administrative Agent not later than (1) 1:00 p.m. three Business
Days prior to any date of prepayment of Eurodollar Rate Loans and (2) 12:00 p.m. on the date
of prepayment of Base Rate Loans; (B) any prepayment of Eurodollar Rate Loans shall be in a
minimum principal amount of $1,000,000 or a whole multiple of $500,000 in excess thereof;
and (C) any prepayment of Base Rate Loans shall be in a principal amount of $500,000 or a
whole multiple of $100,000 in excess thereof or, in each case, if less, the entire principal
amount thereof then outstanding. Each such notice shall specify the date and amount of such
prepayment and the Class(es) and Type(s) of Committed Loans to be prepaid. The
Administrative Agent will promptly notify each Appropriate Lender of its receipt of each
such notice, and of the amount of such Lender’s Pro Rata Share of such prepayment. If such
notice is given by the Borrower, the Borrower shall make such prepayment and the payment
amount specified in such notice shall be due and payable on the date specified therein.
Any prepayment of a Eurodollar Rate Loan shall be accompanied by all accrued interest
thereon, together with any additional amounts required pursuant to Section 3.07. Each
prepayment of the Loans pursuant to this Section 2.05(a) shall be applied among the
Facilities in such amounts as the Borrower may direct in its sole discretion, provided that
any such prepayment of any Class of Term Loans shall be applied against the then remaining
scheduled amortization payments under such Class of Term Loans in order of their maturities.
Each prepayment in respect of a particular Facility shall be paid to the Appropriate Lenders
in accordance with their respective Pro Rata Shares.

     (ii) The Borrower may, upon notice to the Swing Line Lender (with a copy to the
Administrative Agent), at any time or from time to time, voluntarily prepay Swing Line Loans
in whole or in part without premium or penalty; provided that (A) such notice must be
received by the Swing Line Lender and the Administrative Agent not later than 3:00 p.m. on
the date of the prepayment and (B) any such prepayment shall be in a minimum principal
amount of the lesser of $100,000 and the total principal amount of the Swing Line Loans then
outstanding. Each such notice shall specify the date and amount of such prepayment. If
such notice is given by the Borrower, the Borrower shall make

55

 

such prepayment and the payment amount specified in such notice shall be due and payable on the date specified
therein.

     (iii) Notwithstanding anything to the contrary contained in this Agreement, the
Borrower may rescind any notice of prepayment under Section 2.05(a)(i) or Section
2.05(a)(ii) if such prepayment would have resulted from a refinancing of all of the
Facilities, which refinancing shall not be consummated or shall otherwise be delayed.

     (iv) Notwithstanding anything herein to the contrary, all optional prepayments of the
Term B Loans effected on or prior to the first anniversary of the Effective Date with the
proceeds of a substantially concurrent issuance or incurrence of new term loans, including
new term loans under this Agreement, as amended, amended and restated, supplemented, waived
or otherwise modified from time to time, (excluding a refinancing of all the facilities
outstanding under this Agreement in connection with another transaction not permitted by
this Agreement (as determined prior to giving effect to any amendment or waiver of this
Agreement being adopted in connection with such transaction)) shall be accompanied by a
prepayment fee equal to 1% of the aggregate principal amount of such prepayments if the
Applicable Margin (or similar interest rate spread) applicable to such new term loans is or,
upon the satisfaction of certain conditions, could be less than the Applicable Margin
applicable to the Term B Loans on the Effective Date.

     (b) Mandatory. (i)

     (A) If (1) any Restricted Company Disposes of any property or assets other than
Excluded Dispositions (but solely to the extent the aggregate fair market value of
all such Dispositions from and after the Effective Date exceed
$25,000,000), or (2) any Casualty Event occurs, which in the aggregate results
in the realization or receipt by any Restricted Company of Net Cash Proceeds in
excess of $5,000,000 in any fiscal year, the Borrower shall cause to be prepaid on
or prior to the date which is ten Business Days after the date of the realization or
receipt of such Net Cash Proceeds an aggregate principal amount of Term Loans in an
amount equal to 100% of all Net Cash Proceeds received; provided that no such
prepayment shall be required pursuant to this Section 2.05(b)(i)(A) if, on or prior
to such date, the Borrower shall have given written notice to the Administrative
Agent of its intention to reinvest all or a portion of such Net Cash Proceeds in
accordance with Section 2.05(b)(i)(B) (which election may only be made if no Event
of Default has occurred and is then continuing);

     (B) With respect to any Net Cash Proceeds realized or received with respect to
any Disposition or any Casualty Event required to be applied in accordance with
Section 2.05(b)(i)(A), at the option of the Borrower, and so long as no Event of
Default shall have occurred and be continuing, the Borrower may or may cause any of
its Restricted Subsidiaries to reinvest all or any portion of such Net Cash Proceeds
in the acquisition, improvement or maintenance of assets useful in the operations of
the Restricted Companies (1) in the case of any Net Cash Proceeds received with
respect to any Disposition, within (x) 12 months

56

 

following receipt of such Net Cash
Proceeds or (y) if a Restricted Company enters into a contract to reinvest such Net
Cash Proceeds within such 12 month period following receipt thereof, 18 months
following receipt of such Net Cash Proceeds and (2) in the case of any Net Cash
Proceeds received with respect to any Casualty Event, within (x) 24 months following
receipt of such Net Cash Proceeds or (y) if a Restricted Company enters into a
contract to reinvest such Net Cash Proceeds within such 24 month period following
receipt thereof, 30 months following receipt of such Net Cash Proceeds; provided
that if any Net Cash Proceeds are no longer intended to be so reinvested at any time
after delivery of a notice of reinvestment election or are not so reinvested during
(I) in the case of any such Disposition, such 12 month period or 18 month period, as
applicable and (II) in the case of any such Casualty Event, such 24 month period or
30 month period, as applicable, an amount equal to any such Net Cash Proceeds shall
be immediately applied to the prepayment of the Term Loans as set forth in this
Section 2.05.

     (ii) If any Restricted Company incurs or issues (A) any Indebtedness not expressly
permitted to be incurred or issued pursuant to Section 7.03 or (B) any Indebtedness incurred
pursuant to Section 7.03(r), the Borrower shall cause to be prepaid an aggregate principal
amount of Term Loans in an amount equal to 100% of all Net Cash Proceeds received therefrom
on or prior to the date which is five Business Days after the receipt of such Net Cash
Proceeds.

     (iii) Within fifteen Business Days after financial statements have been delivered
pursuant to Section 6.01(a) and the related Compliance Certificate has been delivered
pursuant to Section 6.02(b), the Borrower shall cause to be prepaid an aggregate principal
amount of Term Loans in an amount equal to (A) 50% of Excess
Cash Flow, if any, for the fiscal year covered by such financial statements (commencing
with the fiscal year ending December 31, 2012) minus (B) the sum of (1) the amount
of any prepayments of the Term Loans made pursuant to Section 2.05(a) during the fiscal year
covered by such financial statements and (2) solely to the extent the Revolving Credit
Commitments are reduced pursuant to Section 2.06(a) in connection therewith (and solely to
the extent of the amount of such reduction), the amount of any prepayments of the Revolving
Credit Loans made pursuant to Section 2.05(a) during the fiscal year covered by such
financial statements; provided that such percentage shall be reduced to (x) 25% if the
Leverage Ratio as of the last day of the immediately preceding four fiscal quarters was less
than 2.50:1.00 or (y) 0% if (I) the Leverage Ratio as of the last day of the immediately
preceding four fiscal quarters was less than 2.00:1 or (II) the Excess Cash Flow for such
year was less than $10,000,000.

     (iv) Each prepayment of Term Loans pursuant to this Section 2.05(b) shall be applied
ratably to each of the Term A Loans and the Term B Loans and in direct order of maturities
to the principal repayment installments of the Term Loans that are due after the date of
such prepayment. Each such prepayment shall be paid to the Term Lenders in accordance with
their respective Pro Rata Shares.

57

 

     (v) The Borrower shall notify the Administrative Agent in writing of any mandatory
prepayment of Term Loans required to be made pursuant to clauses (i), (ii) and (iii) of this
Section 2.05(b) at least (A) in the case of the prepayment of Term Loans which are Base Rate
Loans, one Business Day and (B) in the case of prepayments of Term Loans which are
Eurodollar Rate Loans, three Business Days, in each case prior to the date of such
prepayment. Each such notice shall specify the date of such prepayment and provide a
reasonably detailed calculation of the amount of such prepayment. The Administrative Agent
will promptly notify each Appropriate Lender of the contents of the Borrower’s prepayment
notice and of such Appropriate Lender’s Pro Rata Share of the prepayment.

     (c) Funding Losses, Etc. All prepayments under this Section 2.05 shall be made together with,
in the case of any such prepayment of a Eurodollar Rate Loan on a date other than the last day of
an Interest Period therefor, any amounts owing in respect of such Eurodollar Rate Loan pursuant to
Section 3.07. Notwithstanding any of the other provisions of Section 2.05(b), so long as no Event
of Default shall have occurred and be continuing, if any prepayment of Eurodollar Rate Loans is
required to be made under Section 2.05(b), other than on the last day of the Interest Period
therefor, the Borrower may, in its sole discretion, deposit the amount of any such prepayment
otherwise required to be made thereunder into a Cash Collateral Account until the last day of such
Interest Period, at which time the Administrative Agent shall be authorized (without any further
action by or notice to or from the Borrower or any other Loan Party) to apply such amount to the
prepayment of such Loans in accordance with Section 2.05(b). Upon the occurrence and during the
continuance of any Event of Default, the Administrative Agent shall also be authorized (without any
further action by or notice to or from the Borrower or any other Loan Party) to apply such amount
to the prepayment of the outstanding Loans in accordance with Section 2.05(b).

     Section 2.06 Termination or Reduction of Commitments. (a) Optional. The Borrower may, upon written notice to the Administrative Agent, terminate the
Aggregate Revolving Credit Commitments or from time to time permanently reduce the Revolving Credit
Commitments; provided that (i) any such notice shall be received by the Administrative Agent one
Business Day prior to the date of termination or reduction, (ii) any such partial reduction shall
be in an aggregate amount of $500,000 or any whole multiple of $100,000 in excess thereof or equal
to the Aggregate Revolving Credit Commitments at such time and (iii) if, after giving effect to any
reduction of the Revolving Credit Commitments, the Letter of Credit Sublimit or the Swing Line
Sublimit exceeds the amount of the Aggregate Revolving Credit Commitments, such sublimit shall be
automatically reduced by the amount of such excess. Notwithstanding the foregoing, the Borrower may
rescind or postpone any notice of termination of the Aggregate Revolving Credit Commitments if such
termination would have resulted from a refinancing of all of the Facilities, which refinancing
shall not be consummated or otherwise shall be delayed.

     (b) Mandatory. The Term Commitment of each Term Lender shall be automatically and permanently
reduced to $0 on the Effective Date upon the making of the Term Loans in accordance with Section
2.01. The Revolving Credit Commitments shall be automatically and permanently reduced to $0 on the
Revolving Credit Maturity Date.

58

 

     (c) Application of Commitment Reductions; Payment of Fees. The Administrative Agent will
promptly notify the Lenders of any termination or reduction of unused portions of the Letter of
Credit Sublimit or the Swing Line Sublimit or the unused Commitments of any Class under this
Section 2.06. Upon any reduction of unused Commitments of any Class, the Commitment of each Lender
of such Class shall be reduced by such Lender’s Pro Rata Share of the amount by which such
Commitments are reduced (other than the termination of the Commitment of any Lender as provided in
Section 3.09). All commitment fees accrued until the effective date of any termination of the
Revolving Credit Commitments shall be paid on the effective date of such termination.

     Section 2.07 Repayment of Loans. (a) Term A Loans. The Borrower shall repay to the Administrative Agent for the ratable account
of the Term A Lenders the aggregate principal amount of all Term A Loans outstanding in quarterly
installments as follows (which installments shall be reduced as a result of the application of
prepayments in accordance with the order of priority set forth in Section 2.05(b)(iv)), each such
payment to be made on or prior to the date specified below:

	 	 	 	 	 
	 	 	Aggregate Term A Loan Principal
	Payment Date	 	Amortization Payment
	December 31, 2011
	 	$	6,687,500	 
	March 31, 2012
	 	$	6,687,500	 
	June 30, 2012
	 	$	6,687,500	 
	September 30, 2012
	 	$	6,687,500	 
	December 31, 2012
	 	$	6,687,500	 
	March 31, 2013
	 	$	6,687,500	 
	June 30, 2013
	 	$	6,687,500	 
	September 30, 2013
	 	$	6,687,500	 
	December 31, 2013
	 	$	13,375,000	 
	March 31, 2014
	 	$	13,375,000	 
	June 30, 2014
	 	$	13,375,000	 
	September 30, 2014
	 	$	13,375,000	 
	December 31, 2014
	 	$	20,062,500	 
	March 31, 2015
	 	$	20,062,500	 
	June 30, 2015
	 	$	20,062,500	 
	September 30, 2015
	 	$	20,062,500	 
	December 31, 2015
	 	$	20,062,500	 
	March 31, 2016
	 	$	20,062,500	 
	Term A Loan Maturity Date
	 	All remaining outstanding principal amounts of the Term A Loans

provided that the final principal repayment installment of the Term A Loans shall be repaid on the
Term A Loan Maturity Date and in any event shall be in an amount equal to the aggregate principal
amount of all Term A Loans outstanding on such date.

     (b) Term B Loans. The Borrower shall repay to the Administrative Agent for the ratable account
of the Term B Lenders the aggregate principal amount of all Term B Loans

59

 

outstanding in quarterly
installments as follows (which installments shall be reduced as a result of the application of
prepayments in accordance with the order of priority set forth in Section 2.05(b)(iv)), each such
payment to be made on or prior to the date specified below:

	 	 	 	 	 
	 	 	Aggregate Term B Loan Principal
	Payment Date	 	Amortization Payment
	September 30, 2011
	 	$	625,000	 
	December 31, 2011
	 	$	625,000	 
	March 31, 2012
	 	$	625,000	 
	June 30, 2012
	 	$	625,000	 
	September 30, 2012
	 	$	625,000	 
	December 31, 2012
	 	$	625,000	 
	March 31, 2013
	 	$	625,000	 
	June 30, 2013
	 	$	625,000	 
	September 30, 2013
	 	$	625,000	 
	December 31, 2013
	 	$	625,000	 
	March 31, 2014
	 	$	625,000	 
	June 30, 2014
	 	$	625,000	 
	September 30, 2014
	 	$	625,000	 
	December 31, 2014
	 	$	625,000	 
	March 31, 2015
	 	$	625,000	 
	June 30, 2015
	 	$	625,000	 
	September 30, 2015
	 	$	625,000	 
	December 31, 2015
	 	$	625,000	 
	March 31, 2016
	 	$	625,000	 
	June 30, 2016
	 	$	625,000	 
	September 30, 2016
	 	$	625,000	 
	December 31, 2016
	 	$	625,000	 
	March 31, 2017
	 	$	625,000	 
	June 30, 2017
	 	$	625,000	 
	September 30, 2017
	 	$	625,000	 
	December 31, 2017
	 	$	625,000	 
	March 31, 2018
	 	$	625,000	 
	Term B Loan Maturity Date
	 	All remaining outstanding principal amounts of the Term B Loans

provided that the final principal repayment installment of the Term B Loans shall be repaid on the
Term B Loan Maturity Date and in any event shall be in an amount equal to the aggregate principal
amount of all Term B Loans outstanding on such date.

     (c) Revolving Credit Loans. The Borrower shall repay to the Administrative Agent for the
ratable account of the applicable Revolving Credit Lenders on the Revolving Credit Maturity Date
the aggregate principal amount of all of its Revolving Credit Loans outstanding on such date.

60

 

     (d) Swing Line Loans. The Borrower shall repay each Swing Line Loan on the earlier to occur of
(i) the date that is ten (10) Business Days after such Loan is made and (ii) the Revolving Credit
Maturity Date.

     Section 2.08 Interest. (a) Subject to the provisions of Section 2.08(b), (i) each Eurodollar Rate Loan shall bear
interest on the outstanding principal amount thereof for each Interest Period at a rate per annum
equal to the Eurodollar Rate for such Interest Period plus the Applicable Margin, (ii) each
Base Rate Loan shall bear interest on the outstanding principal amount thereof from the applicable
borrowing date at a rate per annum equal to the Base Rate plus the Applicable Margin and (iii) each
Swing Line Loan shall bear interest on the outstanding principal amount thereof from the applicable
borrowing date at a rate per annum equal to the Federal Funds Rate plus the Applicable Margin for
Revolving Credit Loans, or at such other rate as may be agreed between the Borrower and the Swing
Line Lender.

     (b) While any Event of Default set forth in Section 8.01(a) or (f) exists (but, in the case of
any Event of Default set forth in Section 8.01(a), only upon the election of the Administrative
Agent or the Required Lenders), the Borrower shall pay interest on all overdue Obligations
hereunder (regarding which all applicable grace periods set forth in Section 8.01 have expired) at
a fluctuating interest rate per annum at all times equal to the Default Rate to the fullest extent
permitted by applicable Laws. Accrued and unpaid interest on past due amounts (including interest
on past due interest) shall be due and payable upon demand.

     (c) Interest on each Loan shall be due and payable in arrears on each Interest Payment Date
applicable thereto and at such other times as may be specified herein. Interest hereunder shall be
due and payable in accordance with the terms hereof before and after judgment, and before and after
the commencement of any proceeding under any Debtor Relief Law.

     Section 2.09 Fees. In addition to certain fees described in Sections 2.03(i) and (j):

     (a) Commitment Fee. The Borrower shall pay to the Administrative Agent for the account of each
Revolving Credit Lender in accordance with its Pro Rata Share, a commitment fee equal to the
Applicable Margin times the actual daily amount by which the aggregate Revolving Credit Commitments
exceed the sum of (i) the Outstanding Amount of Revolving Credit Loans, (ii) the Outstanding Amount
of L/C Obligations and (iii) the Outstanding Amount of Swing Line Loans. The commitment fee shall
accrue at all times from the Effective Date until the date on which the Aggregate Revolving Credit
Commitments have terminated, the Outstanding Amounts on all Committed Loans and Swing Line Loans
have been paid and the Outstanding Amounts on all L/C Obligations have been paid or Cash
Collateralized (the “Termination Date”), and shall be due and payable quarterly in arrears on the
first Business Day after the end of each March, June, September and December ending after the
Effective Date, and on the Termination Date. The commitment fee shall be calculated quarterly in
arrears, and if there is any change in the Applicable Margin during any quarter, the actual daily
amount shall be computed and multiplied by the Applicable Margin separately for each period during
such quarter that such Applicable Margin was in effect.

61

 

     (b) Other Fees. The Borrower shall pay to the Agents such fees as shall have been separately
agreed upon in writing in the amounts and at the times so specified. Such fees shall be fully
earned when paid and shall not be refundable for any reason whatsoever.

     Section 2.10 Computation of Interest and Fees. All computations of interest for Base Rate
Loans when the Base Rate is determined by JPMCB’s “prime rate” shall be made on the basis of a year
of 365 or 366 days, as the case may be, and actual days elapsed. All other computations of fees
and interest shall be made on the basis of a 360-day year and actual days elapsed (which results in
more fees or interest, as applicable, being paid than if computed on the basis of a 365-day year).
Interest shall accrue on each Loan for the day on which the Loan is made, and shall not accrue on a
Loan, or any portion thereof, for the day on which the Loan or such portion is paid; provided that
any Loan that is repaid on the same day on which it is made shall, subject to Section 2.12(a), bear
interest for one day. Each determination by the Administrative Agent of an interest rate or fee
hereunder shall be conclusive and binding for all purposes, absent manifest error.

     Section 2.11 Evidence of Indebtedness.
(a) The Credit Extensions made by each Lender shall be evidenced by one or more accounts or
records maintained by such Lender and evidenced by one or more entries in the Register maintained
by the Administrative Agent, acting solely for purposes of Treasury Regulation Section 5f.103-1(c),
as agent for the Borrower, in each case in the ordinary course of business. The accounts or records
maintained by the Administrative Agent and each Lender shall
be prima facie evidence absent manifest error of the amount of the Credit Extensions made by
the Lenders to the Borrower and the interest and payments thereon. Any failure to so record or any
error in doing so shall not, however, limit or otherwise affect the obligation of the Borrower
hereunder to pay any amount owing with respect to the Obligations. In the event of any conflict
between the accounts and records maintained by any Lender and the accounts and records of the
Administrative Agent in respect of such matters, the accounts and records of the Administrative
Agent shall control in the absence of manifest error. Upon the request of any Lender to the
Borrower made through the Administrative Agent, the Borrower shall execute and deliver to such
Lender (through the Administrative Agent) a Note payable to such Lender, which shall evidence such
Lender’s Loans in addition to such accounts or records. Each Lender may attach schedules to a Note
and endorse thereon the date, Type (if applicable), amount and maturity of its Loans and payments
with respect thereto.

     (b) In addition to the accounts and records referred to in Section 2.11(a), each Lender and
the Administrative Agent shall maintain in accordance with its usual practice accounts or records
and, in the case of the Administrative Agent, entries in the Register, evidencing the purchases and
sales by such Lender of participations in Letters of Credit and Swing Line Loans. In the event of
any conflict between the accounts and records maintained by the Administrative Agent and the
accounts and records of any Lender in respect of such matters, the accounts and records of the
Administrative Agent shall control in the absence of manifest error.

     (c) Entries made in good faith by the Administrative Agent in the Register pursuant to Section
2.11(a) and (b), and by each Lender in its account or accounts pursuant to Section 2.11(a) and (b),
shall be prima facie evidence of the amount of principal and interest due and payable or to become
due and payable from the Borrower to, in the case of the Register, each Lender and, in the case of
such account or accounts, such Lender, under this Agreement and the

62

 

other Loan Documents, absent
manifest error; provided that the failure of the Administrative Agent or such Lender to make an
entry, or any finding that an entry is incorrect, in the Register or such account or accounts shall
not limit or otherwise affect the obligations of the Borrower under this Agreement and the other
Loan Documents.

     Section 2.12 Payments Generally. (a) All payments to be made by the Borrower shall be made without condition or deduction for
any counterclaim, defense, recoupment or setoff. Except as otherwise expressly provided herein, all
payments by the Borrower hereunder shall be made to the Administrative Agent, for the account of
the respective Lenders to which such payment is owed, at the Administrative Agent’s Office in
Dollars and in immediately available funds not later than 2:00 p.m. (or, in the case of Section
2.05(a)(ii), 3:00 p.m.) on the date specified herein. The Administrative Agent will promptly
distribute to each Lender its Pro Rata Share (or other applicable share as provided herein) of such
payment in like funds as received by wire transfer to such Lender’s Lending Office. All payments
received by the Administrative Agent after 2:00 p.m. (or, in the case of Section 2.05(a)(ii), 3:00
p.m.) shall be deemed received on the next succeeding Business Day and any applicable interest or
fee shall continue to accrue. If any payment to be made by the Borrower shall come due on a day
other than a Business Day, payment shall be made on the next following Business Day, and such
extension of time shall be reflected in computing interest or fees, as the case may be.

     (b) Unless the Borrower or any Lender has notified the Administrative Agent, prior to the date
any payment is required to be made by it to the Administrative Agent hereunder, that the Borrower
or such Lender, as the case may be, will not make such payment, the Administrative Agent may assume
that the Borrower or such Lender, as the case may be, has timely made such payment and may (but
shall not be so required to), in reliance thereon, make available a corresponding amount to the
Person entitled thereto. If and to the extent that such payment was not in fact made to the
Administrative Agent in immediately available funds, then:

     (i) if the Borrower failed to make such payment, each Lender shall forthwith on demand
repay to the Administrative Agent the portion of such assumed payment that was made
available to such Lender in immediately available funds, together with interest thereon in
respect of each day from and including the date such amount was made available by the
Administrative Agent to such Lender to the date such amount is repaid to the Administrative
Agent in immediately available funds at the applicable Federal Funds Rate from time to time
in effect; and

     (ii) if any Lender failed to make such payment with respect to any Committed Borrowing,
such Lender shall forthwith on demand pay to the Administrative Agent the amount thereof in
immediately available funds together with interest thereon for the period from the date such
amount was made available by the Administrative Agent to the Borrower to the date such
amount is recovered by the Administrative Agent (the “Compensation Period”) at a rate per
annum equal to the applicable Federal Funds Rate from time to time in effect. When such
Lender makes payment to the Administrative Agent (together with all accrued interest
thereon), then such payment amount (excluding the amount of any interest which may have
accrued and been paid in respect of such late payment) shall constitute such Lender’s
Committed Loan included in the applicable Committed Borrowing. If such Lender does not pay
such amount forthwith upon the

63

 

Administrative Agent’s demand therefor, the Administrative
Agent may make a demand therefor upon the Borrower, and the Borrower shall pay such amount
to the Administrative Agent, together with interest thereon for the Compensation Period at a
rate per annum equal to the rate of interest applicable to the applicable Committed
Borrowing. Nothing herein shall be deemed to relieve any Lender from its obligation to
fulfill its Commitment or to prejudice any rights which the Administrative Agent or the
Borrower may have against any Lender as a result of any default by such Lender hereunder.

     A notice of the Administrative Agent to any Lender or the Borrower with respect to any amount
owing under this Section 2.12(b) shall be conclusive, absent manifest error.

     (c) If any Lender makes available to the Administrative Agent funds for any Loan to be made by
such Lender as provided in the foregoing provisions of this Article 2, and such funds are not made
available to the Borrower by the Administrative Agent because the conditions to the applicable
Credit Extension set forth in Article 4 are not satisfied or waived in accordance with the terms
hereof, the Administrative Agent shall return such funds (in like funds as received from such
Lender) to such Lender, without interest.

     (d) The obligations of the Lenders hereunder to make Committed Loans and to fund
participations in Letters of Credit and Swing Line Loans are several and not joint. The failure of
any Lender to make any Committed Loan or to fund any such participation on any date required
hereunder shall not relieve any other Lender of its corresponding obligation to do so on such date,
and no Lender shall be responsible for the failure of any other Lender to so make its Committed
Loan or purchase its participation.

     (e) Nothing herein shall be deemed to obligate any Lender to obtain the funds for any Loan in
any particular place or manner or to constitute a representation by any Lender that it has obtained
or will obtain the funds for any Loan in any particular place or manner.

     (f) Whenever any payment received by the Administrative Agent under this Agreement or any of
the other Loan Documents is insufficient to pay in full all amounts due and payable to the
Administrative Agent and the Lenders under or in respect of this Agreement and the other Loan
Documents on any date, such payment shall be distributed by the Administrative Agent and applied by
the Administrative Agent and the Lenders in the order of priority set forth in Section 8.03. If the
Administrative Agent receives funds for application to the Obligations of the Loan Parties under or
in respect of the Loan Documents under circumstances for which the Loan Documents do not specify
the manner in which such funds are to be applied, the Administrative Agent may, but shall not be
obligated to, elect to distribute such funds to each of the Lenders in accordance with such
Lender’s Pro Rata Share of the sum of (i) the Outstanding Amount of all Loans outstanding at such
time and (ii) the Outstanding Amount of all L/C Obligations outstanding at such time, in repayment
or prepayment of such of the outstanding Loans or other Obligations then owing to such Lender.

     Section 2.13 Sharing of Payments. If, other than as expressly provided elsewhere herein, any
Lender shall obtain on account of the Committed Loans made by it, or the participations in L/C
Obligations or in Swing Line Loans held by it, any payment (whether

64

 

voluntary, involuntary, through
the exercise of any right of setoff, or otherwise) in excess of its ratable share (or other share
contemplated hereunder) thereof, such Lender shall immediately (a) notify the Administrative Agent
of such fact, and (b) purchase from the other Lenders such participations in the Committed Loans
made by them and/or such subparticipations in the participations in L/C Obligations or Swing Line
Loans held by them, as the case may be, as shall be necessary to cause such purchasing Lender to
share the excess payment in respect of such Committed Loans or such participations, as the case may
be, pro rata with each of them; provided that if all or any portion of such excess payment is
thereafter recovered from the purchasing Lender under any of the circumstances described in Section
10.06 (including pursuant to any settlement entered into by the purchasing Lender in its
discretion), such purchase shall to that extent be rescinded and each other Lender shall repay to
the purchasing Lender the purchase price paid therefor, together with an amount equal to such
paying Lender’s ratable share (according to the proportion of (i) the amount of such paying
Lender’s required repayment to (ii) the total amount so recovered from the purchasing Lender) of
any interest or other amount paid or payable by the purchasing Lender in respect of the total
amount so recovered, without further interest thereon. The Borrower agrees that any Lender so
purchasing a participation from another Lender may, to the fullest extent permitted by law,
exercise all its rights of payment (including the right of setoff, but subject to Section 10.10)
with respect to such participation as fully as if such Lender were the direct creditor of the
Borrower in the amount of such participation. The
Administrative Agent will keep records (which shall be conclusive and binding in the absence
of manifest error) of participations purchased under this Section 2.13 and will in each case notify
the Lenders following any such purchases or repayments. Each Lender that purchases a participation
pursuant to this Section 2.13 shall from and after such purchase have the right to give all
notices, requests, demands, directions and other communications under this Agreement with respect
to the portion of the Obligations purchased to the same extent as though the purchasing Lender were
the original owner of the Obligations purchased.

     Section 2.14 Increase In Commitments.
(a) Upon notice to the Administrative Agent (which shall promptly notify the Lenders), at any
time after the Effective Date, the Borrower may request on one or more occasions, additional Term
Commitments and/or additional Revolving Credit Commitments; provided that (A) after giving effect
to any such additional Indebtedness, the Borrower would be in compliance (the “Additional
Commitments Compliance Condition”) with the covenant set forth in Section 7.09(b) and the Leverage
Ratio calculated on a Pro Forma Basis would be no greater than 2.00:1.00 as of the most recently
completed period of four consecutive fiscal quarters ending prior to the incurrence of such
Indebtedness, such compliance to be determined on the basis of the financial information most
recently delivered to the Administrative Agent and the Lenders pursuant to Section 6.01(a) or
Section 6.01(b) as if Loans had been made in an aggregate principal amount equal to the full amount
of such additional Commitments of the first day of the fiscal period covered thereby and (B) after
giving effect to any such addition, the aggregate amount of all additional Term Commitments and
additional Revolving Credit Commitments that have been added pursuant to this Section 2.14) shall
not exceed $250,000,000. Any such addition under this Section 2.14(a) shall be in an aggregate
amount of $50,000,000 or any whole multiple of $5,000,000 in excess thereof.

     (b) Any loans made in respect of any such additional Term Commitments (the “Additional Term
Loans”) may be made, at the option of the Borrower, either by (i) increasing

65

 

the Term B Loans with
the same terms (including pricing) as the existing Term B Loans, or (ii) creating a new tranche of
term loans (an “Additional Term Loan Tranche”). Any Additional Term Loan Tranche shall not mature
prior to the stated Maturity Date applicable to the latest maturing Tranche of Term Loans on the
date of incurrence of such Additional Term Loans. The Weighted Average Life to Maturity of any
Additional Term Loan Tranche shall be no less than the Weighted Average Life to Maturity of such
latest maturing Tranche of Term Loans. The applicable yield relating to any Additional Term Loan
Tranche shall not be greater than the Applicable Margin for the existing Term B Loans plus
0.50% per annum unless the Applicable Margin for the existing Term B Loans are increased so that
the yield applicable to the applicable Additional Term Loan Tranche does not exceed the Applicable
Margin for the existing Term B Loans by more than 0.50% per annum; provided that in determining the
yield applicable to the existing Term B Loans and the Additional Term Loans, (A) original issue
discount (“OID”) or upfront fees (which shall be deemed to constitute like amounts of OID) payable
by the Borrower to the Lenders of the existing Term B Loans or the Additional Term Loans in the
syndication thereof shall be included (with OID being equated to interest based on an assumed
four-year life to maturity or, if less, the remaining life to maturity of the Additional Term
Loans), (B) customary arrangement or commitment fees payable to the joint bookrunners (or their
affiliates) or to one or more arrangers (or their affiliates) of the Additional Term Loans shall be
excluded
and (C) if the Additional Term Loan Tranche includes a “LIBOR floor”, such amount shall be
converted into an interest margin (in an amount reasonably determined by the Administrative Agent)
for purposes of determining any increase to the applicable yield.

     (c) Any such additional Revolving Credit Commitments (the “Additional Revolving Credit
Commitments”) shall be made by increasing the Revolving Credit Commitments with the same terms
(including pricing) as the existing Revolving Credit Commitments.

     (d) To achieve the full amount of a requested increase, the Borrower (i) shall request
additional Term Commitments and/or Revolving Commitments from the Lenders and (ii) may, at its
option, at the same time or thereafter, invite additional Eligible Assignees to become Term Lenders
or Revolving Credit Lenders, as applicable, in each case, pursuant to a commitment increase and
joinder agreement in form and substance reasonably satisfactory to the Administrative Agent and its
counsel. At the time of the sending of notice requesting additional Term Commitments and/or
additional Revolving Credit Commitments, the Borrower (in consultation with the Administrative
Agent) shall specify the time period within which each Lender is requested to respond (which shall
in no event be less than ten Business Days from the date of delivery of such notice to the
Lenders). Each Lender shall notify the Administrative Agent within such time period whether or not
it agrees to provide an additional Term Commitment or Revolving Credit Commitment, as applicable,
and, if so, whether by an amount equal to, greater than, or less than its Pro Rata Share of such
requested increase (which shall be calculated on the basis of the amount of the funded and unfunded
exposure under all the Facilities held by each Lender). Any Lender not responding within such time
period shall be deemed to have declined to provide an additional Term Commitment or Revolving
Credit Commitment, as applicable. The Administrative Agent shall notify the Borrower and each
Lender of the Lenders’ responses to each request made hereunder.

     (e) If any Term Commitments or Revolving Credit Commitments are added in accordance with this
Section 2.14, the Administrative Agent and the Borrower shall determine

66

 

the effective date (the
“Additional Commitments Effective Date”) and the final allocation of such addition. The
Administrative Agent shall promptly notify the Borrower and the Lenders of the final allocation of
such addition and the Additional Commitments Effective Date. As condition precedents to such
addition, (i) the Borrower shall deliver to the Administrative Agent a certificate of the Borrower
dated as of the Additional Commitments Effective Date signed by a Responsible Officer of the
Borrower certifying that, before and after giving effect to such increase, (A) the representations
and warranties contained in Article 5 and the other Loan Documents are true and correct in all
material respects on and as of the Additional Commitments Effective Date, except to the extent that
such representations and warranties specifically refer to an earlier date, in which case they shall
have been true and correct in all material respects as of such earlier date, and except that for
purposes of this Section 2.14(e), the representations and warranties contained in Section 5.05(a)
and (b) shall be deemed to refer to the most recent statements furnished pursuant to subsections
(a) and (b), respectively, of Section 6.01, (B) no Default exists before or after giving effect to
such addition and (C) compliance with the Additional Commitments Compliance Condition and (ii) all
fees and expenses owing in respect of such increase to the Administrative Agent and the Lenders
shall have been paid.

     (f) On each Additional Commitments Effective Date, (i) each Lender or Eligible Assignee which
is providing an additional Term Commitment (A) shall become a “Term Lender” for all purposes of
this Agreement and the other Loan Documents, and (B) shall make an Additional Term Loan to the
Borrower in a principal amount equal to such additional Term Commitment, and such Additional Term
Loan shall be a “Term Loan” for all purposes of this Agreement and the other Loan Documents (except
that the interest rate, amortization payment amounts and maturity date applicable to any Additional
Term Loan under an Additional Term Loan Tranche may be as agreed by the Borrower and the applicable
Lenders providing the additional Term Commitments; provided that such amortization payment amounts
and maturity date shall be in accordance with the requirements of Section 2.14(b)) and (ii) each
Lender or Eligible Assignee which is providing an additional Revolving Credit Commitment shall
become a “Revolving Credit Lender” for all purposes of this Agreement and the other Loan Documents
with a Revolving Credit Commitment that is increased by (in the case of an existing Revolving
Credit Lender) or equal to (in the case of a new Revolving Credit Lender) such additional Revolving
Credit Commitment.

     Section 2.15 Defaulting Lenders. Notwithstanding any provision of this Agreement to the
contrary, if any Revolving Credit Lender becomes a Defaulting Lender, then the following provisions
shall apply for so long as such Lender is a Defaulting Lender.

     (a) fees shall cease to accrue on the unused portion of the Revolving Credit Commitments of
such Defaulting Lender under Section 2.09.

     (b) if any Swing Line Obligations or L/C Obligations exist at the time any Revolving Credit
Lender becomes a Defaulting Lender then:

     (i) all or any part of the Swing Line Obligations and L/C Obligations of such
Defaulting Lender shall be reallocated among the non-Defaulting Lenders that are Revolving
Credit Lenders in accordance with their respective Pro Rata Shares of Swing Line Obligations
and L/C Obligations but only to the extent (A) no Event of Default has

67

 

occurred and is
continuing at such time and (B) the sum of all non-Defaulting Lenders’ Revolving Credit
Exposures plus such Defaulting Lender’s Pro Rata Share of all Swing Line Obligations and L/C
Obligations does not exceed the total of all non-Defaulting Lenders’ Revolving Credit
Commitments;

     (ii) if the reallocation described in clause (i) above cannot, or can only partially be
effected, the Borrower shall within three Business Days following notice by the
Administrative Agent (x) first, prepay such Defaulting Lender’s Pro Rata Share of all Swing
Line Obligations and (y) second, cash collateralize for the benefit of the L/C Issuer only
the Borrower’s obligations corresponding to such Defaulting Lender’s Pro Rata Share of all
L/C Obligations (after giving effect to any partial reallocation pursuant to clause (i)
above) in accordance with the procedures set forth in Section 2.03(g) for so long as such
Defaulting Lender’s Pro Rata Share of all L/C Obligations is outstanding;

     (iii) if the Borrower cash collateralizes any portion of such Defaulting Lender’s Pro
Rata Share of all L/C Obligations pursuant to clause (ii) above, the Borrowers shall not be
required to pay any fees to such Defaulting Lender pursuant to Section 2.03(i) with
respect to such Defaulting Lender’s Pro Rata Share of all L/C Obligations during the
period of such Defaulting Lender’s Pro Rata Share of all L/C Obligations is cash
collateralized;

     (iv) if such Defaulting Lender’s Pro Rata Share of all L/C Obligations is reallocated
to the non-Defaulting Lenders pursuant to clause (i) above, then the fees payable to the
non-Defaulting Lenders pursuant to Section 2.03(i), 2.09(a) and 2.09(b) shall be adjusted in
accordance with such non-Defaulting Lenders’ Pro Rata Shares; and

     (v) if all or any portion of such Defaulting Lender’s Pro Rata Share of all L/C
Obligations is neither reallocated nor cash collateralized pursuant to clause (i) or (ii)
above, then, without prejudice to any rights or remedies of the L/C Issuer or any other
Lender hereunder, all facility fees and commitment fees that otherwise would have been
payable to such Defaulting Lender (solely with respect to the portion of such Defaulting
Lender’s Revolving Credit Commitment that was utilized by such L/C Obligations) and letter
of credit fees payable under Section 2.03(i) with respect to such Defaulting Lender’s Pro
Rata Share of all L/C Obligations shall be payable to the L/C Issuer until and to the extent
that such Defaulting Lender’s Pro Rata Share of all L/C Obligations is reallocated and/or
cash collateralized; and

     (c) so long as any Revolving Credit Lender is a Defaulting Lender, the Swing Line Lenders
shall not be required to fund such portion of any Swing Line Loan that equals such Defaulting
Lender’s Pro Rata Share of such Swing Line Loan, and the L/C Issuer shall not be required to issue,
amend or increase any Letter of Credit, unless they are satisfied (in their reasonable judgment)
that the related exposure and the Defaulting Lender’s then outstanding Pro Rata Share of all L/C
Obligations will be 100% covered by the Revolving Credit Commitments of the non-Defaulting Lenders
and/or cash collateral will be provided by the Borrower in accordance with Section 2.15(b), and
participating interests in any newly made Swing Line Loan or any newly issued or increased Letter
of Credit shall be allocated among non-Defaulting

68

 

Lenders in a manner consistent with Section
2.14(b)(i) (and such Defaulting Lender shall not participate therein).

     (d) In the event that the Administrative Agent, the Borrower, the Swing Line Lender and the
L/C Issuer each agrees that a Defaulting Lender has adequately remedied all matters that caused
such Lender to be a Defaulting Lender, then the Revolving Credit Lenders’ Pro Rata Shares of the
Swing Line Obligations and L/C Obligations shall be readjusted to reflect the inclusion of such
Lender’s Revolving Credit Commitment and on such date such Lender shall purchase at par such of the
Revolving Credit Loans of the other Lenders (other than Swing Line Loans) as the Administrative
Agent shall determine may be necessary in order for such Lender to hold such Revolving Credit Loans
in accordance with its Pro Rata Share, and such Lender shall cease to be a Defaulting Lender.

ARTICLE 3

Taxes, Increased Costs and Illegality

     Section 3.01 Taxes.
(a) Except as provided in this Section 3.01, any and all payments by the Borrower to or for
the account of any Agent or any Lender under any Loan Document shall be made free and clear of and
without deduction for any and all present or future taxes, duties, levies, imposts, deductions,
assessments, fees, withholdings or similar charges imposed by any Governmental Authority, and all
liabilities (including additions to tax, penalties and interest) with respect thereto, excluding,
in the case of each Agent and each Lender, (i) taxes imposed on or measured by its net income
(including branch profits), and franchise (and similar) taxes imposed on it in lieu of net income
taxes, by the jurisdiction (or any political subdivision thereof) under the Laws of which such
Agent or such Lender, as the case may be, is organized, is (or was, during the relevant period)
doing business (by virtue of activities or residence) or maintains a Lending Office, and all
liabilities (including additions to tax, penalties and interest) with respect thereto or (ii) any
withholding tax to the extent imposed as a result of a failure by a recipient of any sum payable
under any Loan Document to satisfy the conditions for avoiding withholding under FATCA (all such
non-excluded taxes, duties, levies, imposts, deductions, assessments, fees, withholdings or similar
charges, and liabilities with respect to such a payment being hereinafter referred to as “Taxes”).

     (b) If a Withholding Agent shall be required by any Laws to deduct any Taxes from or in
respect of any sum payable under any Loan Document to any Agent or any Lender, (i) except to the
extent provided in Sections 3.01(e), 3.01(f) and Section 10.16(a)(iv) below, the sum payable by the
Borrower shall be increased as necessary so that after all required deductions are made (including
deductions applicable to additional sums payable under this Section 3.01), such Agent or Lender, as
applicable, receives an amount equal to the sum it would have received had no such deductions been
made, (ii) the Withholding Agent shall make such deductions, (iii) the Withholding Agent shall pay
the full amount deducted to the relevant taxation authority or other authority in accordance with
applicable Laws, and (iv) within 30 days after the date of such payment, the Withholding Agent
shall furnish to such Agent or Lender (as the case may be) the original or a certified copy of a
receipt evidencing payment thereof to the extent such a receipt is issued therefor, or other
written proof of payment thereof that is reasonably satisfactory to the Administrative Agent.

69

 

     (c) The Borrower also agrees to pay any and all present or future stamp, court or documentary
taxes and any other excise, property, intangible or mortgage recording taxes or charges or similar
levies which arise from any payment made under any Loan Document or from the execution, delivery,
performance, enforcement or registration of, or otherwise with respect to, any Loan Document
(hereinafter referred to as “Other Taxes”).

     (d) Except to the extent provided in Sections 3.01(e), 3.01(f) and Section 10.16(a)(iv), the
Borrower agrees to indemnify each Agent and each Lender for (i) the full amount of Taxes and Other
Taxes (including any Taxes or Other Taxes imposed or asserted by any jurisdiction on amounts
payable under this Section 3.01) paid by such Agent or such Lender, and (ii) any liability
(including additions to tax, penalties, interest and expenses) arising therefrom or with respect
thereto, in each case whether or not such Taxes or Other Taxes were correctly or legally imposed or
asserted by the relevant Governmental Authority; provided such Agent or Lender, as the case may be,
provides the Borrower with a written statement thereof setting forth in reasonable detail the basis
and calculation of such amounts. Payment under this Section 3.01(d) shall be made within 30 days
after the date such Lender or such Agent makes a
demand therefor. The Borrower shall not be liable for any penalties, interest and other
liabilities with respect to Taxes or Other Taxes to the extent it has reimbursed the amount of such
Taxes or Other Taxes to the Agent or Lender, as the case may be, and such liabilities are
attributable to the Agent’s or Lender’s failure to promptly remit the amount reimbursed, or to the
extent attributable to the gross negligence or willful misconduct of the Agent or Lender, as the
case may be.

     (e) The Borrower shall not be required pursuant to this Section 3.01 to pay any additional
amount to, or to indemnify, any Lender or Agent, as the case may be, to the extent that such Lender
or such Agent becomes subject to Taxes subsequent to the Effective Date (or, if later, the date
such Lender or Agent becomes a party to this Agreement) as a result of a change in the place of
organization of such Lender or Agent or a change in the Lending Office of such Lender, except to
the extent that any such change is requested or required in writing by the Borrower (and provided
that nothing in this clause (e) shall be construed as relieving the Borrower from any obligation to
make such payments or indemnification in the event of a change in Lending Office or place of
organization that precedes a change in Law to the extent such Taxes result from a change in Law).

     (f) If a Lender or an Agent is subject to United States withholding tax with respect to a type
of income paid pursuant to this Agreement at a rate in excess of zero percent at the time such
Lender or such Agent, as the case may be, first becomes a party to this Agreement, withholding tax
at such rate shall be considered excluded from Taxes with respect to payments of that type of
income unless and until such Lender or Agent, as the case may be, provides the appropriate forms
certifying that a lesser rate applies, whereupon withholding tax at such lesser rate shall be
considered excluded from Taxes only for periods governed by such forms; provided that, if at the
date of the Assignment and Assumption pursuant to which a Lender becomes a party to this Agreement,
the Lender assignor was entitled to payments under clause (a) of this Section 3.01 in respect of
United States withholding tax with respect to a type of income paid at such date, then, to such
extent, the term Taxes shall include (in addition to withholding taxes that may be imposed in the
future or other amounts otherwise includable in Taxes) United States withholding tax, if any,
applicable with respect to the Lender assignee on such date on such type

70

 

of income imposed at a
rate up to the rate that applied to such type of income paid to the Lender assignor.

     (g) If any Lender or Agent shall become aware that it is entitled to receive a refund in
respect of amounts paid by the Borrower pursuant to this Section 3.01, which refund in the good
faith judgment of such Lender or Agent is allocable to such payment, it shall promptly notify
Borrower of the availability of such refund and shall, within 30 days after the receipt of a
request by the Borrower, apply for such refund; provided that in the sole reasonable judgment of
the Lender or Agent, applying for such refund would not be disadvantageous to it.

     (h) If any Lender or Agent receives a refund in respect of any Taxes or Other Taxes as to
which indemnification or additional amounts have been paid to it by the Borrower pursuant to this
Section 3.01, it shall promptly remit such refund (including any interest included in such refund)
to the Borrower (to the extent that it determines that it can do so without prejudice to the
retention of the refund), net of all out-of-pocket expenses of the Lender or Agent, as the case may
be; provided that the Borrower, upon the request of the Lender or Agent, as the case may be, agrees
promptly to return such refund (including any interest included in such refund) to such
party in the event such party is required to repay such refund to the relevant taxing
authority. Such Lender or Agent, as the case may be, shall, at the Borrower’s request, provide the
Borrower with a copy of any notice of assessment or other evidence of the requirement to repay such
refund received from the relevant taxing authority; provided that such Lender or Agent may delete
any information therein that such Lender or Agent deems confidential.

     (i) Nothing in this Section 3.01 shall interfere with the right of a Lender or Agent to
arrange its tax affairs in whatever manner it thinks fit nor oblige any Lender or Agent to claim
any tax refund or to disclose any information relating to its tax affairs or any computations in
respect thereof or require any Lender or Agent to do anything that would prejudice its ability to
benefit from any other refunds, credits, reliefs, remissions or repayments to which it may be
entitled.

     Section 3.02 Illegality. If any Lender determines that any Law has made it unlawful, or that
any Governmental Authority has asserted that it is unlawful, for any Lender or its applicable
Lending Office to make, maintain or fund Eurodollar Rate Loans, or to determine or charge interest
rates based upon the Eurodollar Rate, then, on notice thereof by such Lender to the Borrower
through the Administrative Agent, any obligation of such Lender to make or continue Eurodollar Rate
Loans or to convert Base Rate Committed Loans to Eurodollar Rate Loans, shall be suspended until
such Lender notifies the Administrative Agent and the Borrower that the circumstances giving rise
to such determination no longer exist. Upon receipt of such notice, the Borrower shall, upon demand
from such Lender (with a copy to the Administrative Agent), prepay or, if applicable, convert all
Eurodollar Rate Loans of such Lender to Base Rate Loans, either on the last day of the Interest
Period therefor, if such Lender may lawfully continue to maintain such Eurodollar Rate Loans to
such day, or immediately, if such Lender may not lawfully continue to maintain such Eurodollar Rate
Loans. Upon any such prepayment or conversion, the Borrower shall also pay accrued interest on the
amount so prepaid or converted. Each Lender agrees to designate a different Lending Office if such
designation will avoid the need for such notice and will not, in the good faith judgment of such
Lender, otherwise be materially disadvantageous to such Lender.

71

 

     Section 3.03 Inability to Determine Rates. If the Required Lenders determine that for any
reason adequate and reasonable means do not exist for determining the Eurodollar Rate for any
requested Interest Period with respect to a proposed Eurodollar Rate Loan, or that the Eurodollar
Rate for any requested Interest Period with respect to a proposed Eurodollar Rate Loan does not
adequately and fairly reflect the cost to such Lenders of funding such Loan, or that deposits are
not being offered to banks in the London interbank market for the applicable amount and Interest
Period of such Eurodollar Rate Loan, the Administrative Agent will promptly so notify the Borrower
and each Lender. Thereafter, the obligation of the Lenders to make or maintain Eurodollar Rate
Loans shall be suspended until the Administrative Agent (upon the instruction of the Required
Lenders) revokes such notice. Upon receipt of such notice, the Borrower may revoke any pending
request for a Borrowing of, conversion to or continuation of Eurodollar Rate Loans or, failing
that, will be deemed to have converted such request into a request for a Committed Borrowing of
Base Rate Loans in the amount specified therein.

     Section 3.04 Increased Cost and Reduced Return. If any Lender determines that as a result of
any Change in Law, or such Lender’s compliance therewith, there shall be any increase
in the cost to such Lender of agreeing to make or making, funding or maintaining Eurodollar
Rate Loans or (as the case may be) issuing or participating in Letters of Credit, or a reduction in
the amount received or receivable by such Lender in connection with any of the foregoing (excluding
for purposes of this Section 3.04 any such increased costs or reduction in amount resulting from
(i) Taxes or Other Taxes (as to which Section 3.01 and Section 10.16 shall govern), (ii) changes in
the basis of taxation of overall net income or overall gross income (including branch profits), and
franchise (and similar) taxes imposed in lieu of net income taxes, by the United States or any
foreign jurisdiction or any political subdivision of either thereof under the Laws of which such
Lender is organized, is doing business or maintains a Lending Office and (iii) reserve requirements
contemplated by Section 3.06, then from time to time within 30 days following written demand of
such Lender setting forth in reasonable detail such increased costs (with a copy of such demand to
the Administrative Agent given in accordance with Section 3.08)), the Borrower shall pay to such
Lender such additional amounts as will compensate such Lender for such increased cost or reduction.

     Section 3.05 Capital Adequacy. If any Lender determines that any Change in Law regarding
capital adequacy or any change therein or in the interpretation thereof, in each case after the
Effective Date, or compliance by such Lender (or its Lending Office) therewith, has the effect of
reducing the rate of return on the capital of such Lender or any Person controlling such Lender as
a consequence of such Lender’s obligations hereunder (taking into consideration such Lender’s
policies with respect to capital adequacy and desired return on capital), then from time to time
within 30 days following written demand of such Lender setting forth in reasonable detail the
charge and the calculation of such reduced rate of return (with a copy of such demand to the
Administrative Agent given in accordance with Section 3.08), the Borrower shall pay to such Lender
such additional amounts as will compensate such Lender for such reduction.

     Section 3.06 Reserves on Eurodollar Rate Loans.
(a) If any Lender is required to maintain reserves with respect to liabilities or assets
consisting of or including Eurodollar funds or deposits (currently known as “Eurocurrency
liabilities”), the Borrower shall pay to such Lender additional interest on the unpaid principal
amount of each Eurodollar Rate Loan equal to

72

 

the actual costs of such reserves allocated to such
Loan by such Lender (as determined by such Lender in good faith, which determination shall be
conclusive in the absence of manifest error).

     (b) If any Lender is required to comply with any reserve ratio requirement or analogous
requirement of any other Governmental Authority imposed in respect of the maintenance of the
Commitments or the funding of the Eurodollar Rate Loans, the Borrower shall pay such additional
costs (expressed as a percentage per annum and rounded upwards, if necessary, to the nearest five
decimal places) equal to the actual costs allocated to such Commitment or Loan by such Lender (as
determined by such Lender in good faith, which determination shall be conclusive absent manifest
error) which in each case shall be due and payable on each date on which interest is payable on
such Loan. Any Lender requesting payment from the Borrower under Section 3.06(a) or (b) shall give
the Borrower at least fifteen days’ prior notice (with a copy to the Administrative Agent). If a
Lender fails to give notice fifteen days prior to the relevant Interest Payment Date, such
additional interest or cost shall be due and payable fifteen days from receipt of such notice.

     Section 3.07 Funding Losses. Upon demand of any Lender (with a copy to the Administrative
Agent), the Borrower shall promptly compensate such Lender for and hold such Lender harmless from
any loss (other than loss of Applicable Margin or profit), cost or expense incurred by it as a
result of:

     (a) any continuation, conversion, payment or prepayment of any Loan other than a Base
Rate Loan on a day other than the last day of the Interest Period for such Loan (whether
voluntary, mandatory, automatic, by reason of acceleration, or otherwise); or

     (b) any failure by the Borrower (for a reason other than the failure of such Lender to
make a Loan) to prepay, borrow, continue or convert any Loan other than a Base Rate Loan on
the date or in the amount notified by the Borrower;

including any loss or expense arising from the liquidation or reemployment of funds obtained by
such Lender to maintain such Loan, or from fees payable to terminate the deposits from which such
funds were obtained.

For purposes of calculating amounts payable by the Borrower to any Lender under this Section 3.07,
such Lender shall be deemed to have funded each Eurodollar Rate Loan made by it at the Eurodollar
Rate for such Loan by a matching deposit or other borrowing in the London interbank eurodollar
market for a comparable amount and for a comparable period, whether or not such Eurodollar Rate
Loan was in fact so funded.

     Section 3.08 Matters Applicable to All Requests for Compensation.
(a) Any Agent or any Lender claiming compensation under this Article 3
shall deliver a
certificate to the Borrower contemporaneously with the demand for payment setting forth in
reasonable detail a calculation of the additional amount or amounts to be paid to it hereunder
which shall be conclusive in the absence of manifest error. In determining such amount, such Agent
or such Lender may use any reasonable averaging and attribution methods. For the avoidance of
doubt, any additional

73

 

amounts required to be paid pursuant to Section 3.01(b) are not subject to
the limitations set forth in this Section 3.08.

     (b) With respect to any Lender’s claim for compensation under any of Sections 3.04 through
Section 3.07, the Borrower shall not be required to compensate such Lender for any amount incurred
more than 180 days prior to the date that such Lender notifies the Borrower of the event that gives
rise to such claim; provided that, if the circumstance giving rise to such increased cost or
reduction is retroactive, then such 180-day period referred to above shall be extended to include
the period of retroactive effect thereof. If any Lender requests compensation from the Borrower
under any of Sections 3.04 through 3.06, the Borrower may, by notice to such Lender (with a copy to
the Administrative Agent), suspend the obligation of such Lender to make or continue from one
Interest Period to another Eurodollar Rate Loans, or to convert Base Rate Loans into Eurodollar
Rate Loans, until the event or condition giving rise to such request ceases to be in effect (in
which case the provisions of Section 3.08(c) shall be applicable); provided that such suspension
shall not affect the right of such Lender to receive the compensation so requested.

     (c) If the obligation of any Lender to make or continue from one Interest Period to another
any Eurodollar Rate Loan (or to convert Base Rate Loans into Eurodollar Rate Loans) shall be
suspended pursuant to Section 3.08(b) hereof, such Lender’s Eurodollar Rate Loans shall be
automatically converted into Base Rate Loans on the last day(s) of the then current Interest
Period(s) for such Eurodollar Rate Loans (or, in the case of an immediate conversion required by
Section 3.02, on such earlier date as required by Law) and, unless and until such Lender gives
notice as provided below that the circumstances specified in Sections 3.01 through 3.06 hereof that
gave rise to such conversion no longer exist:

     (i) to the extent that such Lender’s Eurodollar Rate Loans have been so converted, all
payments and prepayments of principal that would otherwise be applied to such Lender’s
Eurodollar Rate Loans shall be applied instead to its Base Rate Loans; and

     (ii) all Loans that would otherwise be made or continued from one Interest Period to
another by such Lender as Eurodollar Rate Loans shall be made or continued instead as Base
Rate Loans, and all Base Rate Loans of such Lender that would otherwise be converted into
Eurodollar Rate Loans shall remain as Base Rate Loans.

     (d) If any Lender gives notice to the Borrower (with a copy to the Administrative Agent) that
the circumstances specified in any of Sections 3.02 through 3.06 that gave rise to the conversion
of such Lender’s Eurodollar Rate Loans pursuant to this Section 3.08 no longer exist (which such
Lender agrees to do promptly upon such circumstances ceasing to exist) at a time when Eurodollar
Rate Loans made by other Lenders are outstanding, such Lender’s Base Rate Loans shall be
automatically converted, on the first day(s) of the next succeeding Interest Period(s) for such
outstanding Eurodollar Rate Loans, to the extent necessary so that, after giving effect thereto,
all Loans held by the Lenders holding Eurodollar Rate Loans and by such Lender are held pro rata
(as to principal amounts, interest rate basis, and Interest Periods) in accordance with their
respective Commitments.

74

 

     (e) Each Lender agrees that (i) upon the occurrence of any event giving rise to the operation
of Section 3.08(b) or (d) with respect to such Lender it will, if requested by the Borrower, use
commercially reasonable efforts (subject to such Lender’s internal policies and any legal or
regulatory restrictions) to avoid the consequences of such event, including to designate another
Lending Office for any Loan or Letter of Credit affected by such event and (ii) if any Lender (A)
requests compensation under any of Sections 3.04 through 3.06, or (B) notifies the Borrower that it
has determined that it is unlawful for its applicable Lending Office to make, maintain or fund
Eurodollar Rate Loans, or to determine or charge interest rates based upon the Eurodollar Rate,
then such Lender will, if requested by the Borrower, use commercially reasonable efforts to
designate another Lending Office for any Loan or Letter of Credit affected by such event; provided
that in each case, such efforts are made on terms that, in the reasonable judgment of such Lender,
cause such Lender and its Lending Office(s) to suffer no material economic, legal or regulatory
disadvantage, and provided further that nothing in this Section 3.08(e) shall affect or postpone
any of the Obligations of the Borrower or the rights of such Lender pursuant to 3.02 or 3.04
through 3.06, or Section 3.08(b) or (d).

     Section 3.09 Replacement of Lenders Under Certain Circumstances.
(a) If at any time:

     (i) the Borrower becomes obligated to pay additional amounts or indemnity payments
described in Section 3.01 or Sections 3.04 through 3.06, as a result of any condition
described in such Sections or any Lender ceases to make Eurodollar Rate Loans as a result of
any condition described in Section 3.02 or Sections 3.04 through 3.06 or

     (ii) any Lender becomes a Defaulting Lender,

then the Borrower may, on ten Business Days’ prior written notice to the Administrative Agent and
such Lender, either:

     (A) replace such Lender by causing such Lender to (and such Lender shall be
obligated to) assign 100% of its relevant Commitments and the principal of its
relevant outstanding Loans plus any accrued and unpaid interest pursuant to Section
10.07(d) (with the assignment fee to be paid by the Borrower unless waived by the
Administrative Agent in such instance) all of its relevant rights and obligations
under this Agreement to one or more Eligible Assignees; provided that neither the
Administrative Agent nor any Lender shall have any obligation to the Borrower to
find a replacement Lender or other such Person; or

     (B) terminate the Commitment of such Lender and repay all obligations of the
Borrower owing to such Lender relating to the Loans and participations held by such
Lender as of such termination date.

provided, however, that in the case of a Defaulting Lender only, the Borrower shall have the right
to take such action as it may elect (including no action) under the immediately preceding clauses
(A) and/or (B) independently and at different times with respect to any one or more Classes or
Tranches of Loans (and the related Commitments) of such Defaulting Lender, without

75

 

being obligated
to take the same action with respect to all Classes and Tranches of Loans and related Commitments
of such Defaulting Lender.

     (b) Any Lender being replaced pursuant to Section 3.09(a) above shall (i) execute and deliver
an Assignment and Assumption with respect to such Lender’s Commitment and outstanding Loans and
participations in L/C Obligations and Swing Line Loans, and (ii) deliver any Notes evidencing such
Loans to the Borrower or the Administrative Agent.

     (c) Pursuant to an Assignment and Assumption arising by operation of Section 3.09(b), (i) the
assignee Lender shall acquire all or a portion, as the case may be, of the assigning Lender’s
Commitment and outstanding Loans and participations in L/C Obligations and Swing Line Loans, (ii)
all obligations of the Borrower owing to the assigning Lender relating to the Loans and
participations so assigned shall be paid in full by the assignee Lender to such assigning Lender
concurrently with the execution of such Assignment and Assumption and (iii) upon such payment and,
if so requested by the assignee Lender, delivery to the assignee Lender of the appropriate Note or
Notes executed by the Borrower, the assignee Lender shall become a Lender hereunder and the
assigning Lender shall cease to be a Lender hereunder with respect to
such assigned Loans, Commitments and participations, except with respect to indemnification
provisions under this Agreement, which shall survive as to such assigning Lender.

     (d) Notwithstanding anything to the contrary, (i) any Lender that acts as L/C Issuer may not
be replaced by operation of this Section 3.09 at any time that it has any Letter of Credit
outstanding unless arrangements reasonably satisfactory to such L/C Issuer (including the
furnishing of a back-up standby letter of credit in form and substance, and issued by an issuer
reasonably satisfactory to such L/C Issuer or the depositing of cash collateral into a Cash
Collateral Account in amounts and pursuant to arrangements reasonably satisfactory to such L/C
Issuer) have been made with respect to such outstanding Letter of Credit and (ii) any Lender that
acts as Administrative Agent may not be replaced by operation of this Section 3.09 except in
accordance with the terms of Section 9.09.

     (e) The Borrower shall also be entitled to replace a Dissenting Lender in accordance with
Section 10.01(d).

     Section 3.10 Survival. All of the Borrower’s obligations under this Article 3 shall survive
termination of the Aggregate Commitments and repayment of all other Obligations hereunder.

ARTICLE 4

Conditions Precedent to Credit Extensions

     Section 4.01 Conditions of Initial Credit Extension. The Original Closing Date was subject to
satisfaction of the conditions precedent set forth in Section 4.01 of the Original Credit
Agreement, and occurred on July 2, 2008.

     Section 4.02 Conditions to All Credit Extensions. The obligation of each Lender to honor any
Request for Credit Extension (other than a Committed Loan Notice requesting only a conversion of
Committed Loans to the other Type, or a continuation of Eurodollar Rate Loans) is subject to the
following conditions precedent:

76

 

     (a) The representations and warranties of each Loan Party contained in Article 5 or any other
Loan Document shall be true and correct in all material respects on and as of the date of such
Credit Extension, except (i) to the extent that such representations and warranties specifically
refer to an earlier date, in which case they shall be true and correct in all material respects as
of such earlier date and (ii) that for purposes of this Section 4.02(a), the representations and
warranties contained in Section 5.05(a) shall be deemed to refer to the most recent financial
statements furnished pursuant to Section 6.01(a) and Section 6.01(b) and, in the case of the
financial statements furnished pursuant to Section 6.01(b), the representations contained in
Section 5.05(a), as modified by this clause (ii), shall be qualified by the statement that such
financial statements are subject to the absence of footnotes and year-end audit adjustments.

     (b) No Default shall exist, or would result from such Credit Extension or from the application
of the proceeds therefrom.

     (c) The Administrative Agent and, if applicable, the L/C Issuer or the applicable Swing Line
Lender shall have received a Request for Credit Extension in accordance with the requirements
hereof.

     Each Request for Credit Extension (other than a Committed Loan Notice requesting only a
conversion of Committed Loans to the other Type or a continuation of Eurodollar Rate Loans)
submitted by the Borrower shall be deemed to be a representation and warranty that the conditions
specified in Section 4.02(a) and (b) have been satisfied on and as of the date of the applicable
Credit Extension.

     Section 4.03 Effective Date Conditions. The effectiveness of the amendment and restatement of
the Original Credit Agreement in the form of this Agreement is subject to the satisfaction of the
following conditions precedent:

     (a) The Administrative Agent’s receipt of the following, each of which shall be originals, or
electronic copies or facsimiles followed promptly by originals (unless otherwise specified), each
properly executed by a Responsible Officer of the signing Loan Party (as applicable), each in form
and substance reasonably satisfactory to the Administrative Agent and its legal counsel:

     (i) executed counterparts of (x) the Amendment Agreement and (y) the Subsidiary
Guaranty executed by Subsidiary Guarantors that satisfy the requirements set forth in
Section 6.12, but determined with respect to the financial statements referred to in Section
5.05(a)(ii), in the case (but in any event each of the Subsidiary Guarantors that is party
to the Subsidiary Guaranty immediately prior to the Effective Date);

     (ii) a Note executed by the Borrower in favor of each Lender requesting a Note at least
two Business Days prior to the Effective Date;

77

 

     (iii) executed counterparts of the Security Agreement together with the following:

     (A) to the extent not already in the possession of the Administrative Agent
prior to the Effective Date, certificates representing any certificated Pledged
Equity referred to therein accompanied by undated stock powers executed in blank and
instruments evidencing the Pledged Debt endorsed in blank;

     (B) a completed Perfection Certificate, substantially in the form of Exhibit I,
dated the Effective Date and executed by a Responsible Officer of each Loan Party
(or such other form as may be reasonably acceptable to the Administrative Agent);

     (C) copies of all necessary searches with respect to the Collateral, and all
proper financing statements, duly prepared for filing under the Uniform Commercial
Code in all jurisdictions that the Administrative Agent may reasonably deem
necessary in order to perfect and protect the Liens created under
the Security Agreement, covering the Collateral described in the Security
Agreement;

     (D) evidence reasonably satisfactory to the Administrative Agent that the Liens
(if any) indicated on a lien search with respect to each Loan Party in the
jurisdiction where such Loan Party is located (within the meaning of Section 9-307
of the Uniform Commercial Code as in effect in the State of New York) or any other
relevant jurisdiction are either discharged or permitted by Section 7.01; and

     (E) evidence that all other actions, recordings and filings of or with respect
to the Security Agreement that the Administrative Agent may reasonably deem
necessary in order to perfect and protect the Liens created thereby shall have been
taken, completed or otherwise provided for in a manner reasonably satisfactory to
the Administrative Agent;

     (iv) if applicable, the Intellectual Property Security Agreement, duly executed by each
Loan Party not already party to an Intellectual Property Security Agreement, together with
evidence that all action that the Administrative Agent in its reasonable judgment may
reasonably deem necessary in order to perfect and protect the Liens created under the
Intellectual Property Security Agreement has been taken

     (v) such certificates of resolutions or other action, incumbency certificates and/or
other certificates of Responsible Officers of each Loan Party as the Administrative Agent
may reasonably require evidencing the identity, authority and capacity of each Responsible
Officer thereof authorized to act as a Responsible Officer in connection with this
Agreement, the Amendment Agreement and the other Loan Documents to which such Loan Party is
a party;

78

 

     (vi) such documents and certifications as the Administrative Agent may reasonably
require to evidence that each Loan Party is duly organized or formed, validly existing, in
good standing and qualified to engage in business in its jurisdiction of organization;

     (vii) opinions of Dewey & LeBoeuf, LLC (and any other relevant counsel to the Loan
Parties), providing legal opinions substantially similar to those set forth on Exhibit J
(with standard exceptions and qualifications reasonably acceptable to the Administrative
Agent) and in each case, addressed to each Agent and each Lender;

     (viii) a certificate signed by a Responsible Officer of the Borrower certifying as to
the satisfaction of the conditions set forth in Section 4.02(a) and Section 4.02(b);

     (ix) a certificate attesting to the Solvency of the Loan Parties and the Restricted
Subsidiaries (taken as a whole) after giving effect to the Transaction, from the chief
financial officer of the Borrower;

     (x) evidence that all insurance required to be maintained pursuant to the Loan
Documents has been obtained and is in effect and that the Administrative Agent has been
named as loss payee or additional insured, as appropriate, under each insurance policy
with respect to casualty and liability insurance as to which the Administrative Agent shall
have requested to be so named; and

     (xi) a Committed Loan Notice or Letter of Credit Application, as applicable, relating
to the Credit Extension to occur on the Effective Date; provided, for the avoidance
of doubt, that no Letter of Credit Application shall be required for the Letters of Credit
(as defined in the Original Credit Agreement) outstanding on the Effective Date.

     (b) All fees and indemnified expenses required to be paid by (or on behalf of) the Borrower to
the Agents (including the fees and expenses of counsel for the Administrative Agent and the Joint
Lead Arrangers) and the Lenders on or before the Effective Date shall have been paid in full in
cash.

     (c) All governmental and third party consents and approvals necessary in connection with the
Loan Documents and the transactions contemplated thereby (including the granting of the Liens on
the Collateral) shall have been obtained.

     (d) There shall not have occurred between December 31, 2010 and the Effective Date any
Material Adverse Effect.

     (e) The Administrative Agent and the Lenders shall have received the Effective Date Forecast.

79

 

ARTICLE 5

Representations and Warranties

     The Borrower represents and warrants to the Agents and the Lenders that:

     Section 5.01 Existence, Qualification and Power; Compliance with Laws. Each Restricted Company
(a) is a Person, validly existing and in good standing under the Laws of the jurisdiction of its
organization, (b) has all requisite power and authority to (i) own or lease its assets and carry on
its business and (ii) execute, deliver and perform its obligations under the Loan Documents to
which it is a party, (c) is duly qualified and in good standing under the Laws of each jurisdiction
where its ownership, lease or operation of properties or the conduct of its business requires such
qualification, (d) is in compliance with all Laws (including, without limitation, Environmental
Laws), orders, writs and injunctions, and (e) has all requisite governmental licenses,
authorizations, consents and approvals to operate its business as currently conducted; except in
each case referred to in clauses (a) (other than with respect to the Borrower), (c), (d) or (e), to
the extent that failure to do so could not reasonably be expected to have a Material Adverse
Effect.

     Section 5.02 Authorization; No Contravention. The execution, delivery and performance by each
Loan Party of each Loan Document to which such Person is a party are (a) within such Loan Party’s
corporate or other powers, (b) have been duly authorized by all necessary corporate, shareholder or
other organizational action, and (c) do not and will not (i) contravene the terms of any of such
Person’s Organization Documents, (ii) conflict with or result
in any breach or contravention of, or the creation of any Lien under (other than as permitted
by Section 7.01), or require any payment to be made under, (A) any documentation governing any
Permitted Subordinated Indebtedness, (B) any other Contractual Obligation to which such Person is a
party or affecting such Person or the properties of such Person or any of its Subsidiaries or (C)
any order, injunction, writ or decree, of or with any Governmental Authority or any arbitral award
to which such Person or its property is subject or (iii) violate, in any material respect, any Law;
except with respect to any conflict, breach or contravention or payment (but not creation of Liens)
referred to in clause (ii) to the extent that such conflict, breach, contravention or payment could
not reasonably be expected to have a Material Adverse Effect.

     Section 5.03 Governmental Authorization; Other Consents. No material approval, consent,
exemption, authorization, or other action by, or notice to, or filing with, any Governmental
Authority or any other Person is necessary or required to be made or obtained by any Loan Party in
connection with (a) the execution, delivery or performance by any Loan Party of this Agreement or
any other Loan Document, (b) the grant by any Loan Party of the Liens granted by it pursuant to the
Collateral Documents, (c) the perfection or maintenance of the Liens created under the Collateral
Documents (including the priority thereof) or (d) the exercise by the Administrative Agent or any
Lender of its rights under the Loan Documents or the remedies in respect of the Collateral pursuant
to the Collateral Documents, except for (i) filings necessary to perfect the Liens on the
Collateral granted by the Loan Parties in favor of the Secured Parties, (ii) the approvals,
consents, exemptions, authorizations, actions, notices and filings which have been duly obtained,
taken, given or made and are in full force, (iii) those approvals, consents, exemptions,
authorizations, actions, notices or filings described in the Security Agreement and (iv) those
approvals, consents, exemptions, authorizations, actions,

80

 

notices or filings, the failure of which
to obtain or make could not reasonably be expected to have a Material Adverse Effect.

     Section 5.04 Binding Effect. The Amendment Agreement and each other Loan Document has been
duly executed and delivered by each Loan Party that is party thereto. This Agreement and each other
Loan Document constitutes a legal, valid and binding obligation of each Loan Party that is a party
thereto, enforceable against such Loan Party in accordance with its terms, except as such
enforceability may be limited by bankruptcy insolvency, reorganization, receivership, moratorium or
other Laws affecting creditors’ rights generally and by general principles of equity.

     Section 5.05 Financial Statements; No Material Adverse Effect.
(a) The (i) audited consolidated balance sheet of the Borrower and its Subsidiaries for the
fiscal year ended December 31, 2010, and the related consolidated statements of income,
shareholders’ equity and cash flows for such fiscal year of the Borrower and its Subsidiaries,
including the notes thereto and (ii) unaudited consolidated balance sheet of the Borrower and its
Subsidiaries dated March 31, 2011, and the related consolidated statements of income, shareholders’
equity and cash flows for the fiscal quarter period ended on such date fairly present in all
material respects the financial condition of the Borrower and its Subsidiaries as of the date
thereof and their results of operations and cash flows for the period covered thereby in accordance
with GAAP consistently applied throughout the period covered thereby, except as otherwise expressly
noted therein (and, with respect to unaudited financial statements, the
absence of footnotes and subject to such adjustments as would be made in connection with the
audit of financial statements for the relevant period).

     (b) Since December 31, 2010, there has been no change, effect, event or occurrence that has
had or would reasonably be expected to have a Material Adverse Effect.

     (c) The forecasts prepared by management of the Borrower of consolidated balance sheets,
income statements and cash flow statements (i) for each quarter commencing with the fiscal quarter
ending on September 30, 2011 through the fiscal quarter ending on December 31, 2012 and (ii) for
each year commencing with the fiscal year ending on December 31, 2013 through the fiscal year
ending on December 31, 2018 (the “Effective Date Forecasts”), copies of which have been furnished
to the Administrative Agent and the Lenders prior to the Effective Date, have been prepared in good
faith based upon assumptions believed in good faith by the Borrower to be reasonable in light of
conditions existing at the time of preparation, it being understood that (x) such forecasts, as to
future events, are not to be viewed as facts, that actual results during the period or periods
covered by any such forecasts may differ significantly from the forecasted results and that such
differences may be material and that such forecasts are not a guarantee of financial performance
and (y) no representation is made with respect to information of a general economic or general
industry nature.

     Section 5.06 Litigation and Environmental Matters.
(a) Except as disclosed in Schedule 5.06, there are no actions, suits, proceedings, claims or
disputes pending or, to the knowledge of the Borrower, threatened in writing, at law, in equity, in
arbitration or before any Governmental Authority or Regulatory Supervising Organization, by or
against the Borrower or against any of its Restricted Subsidiaries or against any of their
properties or revenues that either

81

 

individually or in the aggregate, would reasonably be expected
to have a Material Adverse Effect.

     (b) Except for matters that, individually or in the aggregate, could not reasonably be
expected to result in a Material Adverse Effect, neither the Borrower nor any Restricted Subsidiary
(i) has failed to comply with any Environmental Law or to obtain, maintain or comply with any
permit, license or other approval required under any Environmental Law, (ii) has become subject to
any Environmental Liability, or (iii) has received notice of any claim with respect to any
Environmental Liability.

     (c) The Material Real Properties do not contain any Hazardous Materials in amounts or
concentrations which (i) constitute a violation of, (ii) require remedial action under or (iii)
could result in any Loan Party or any of its Restricted Subsidiaries or any Lender incurring
liability under, Environmental Laws, which violations, remedial actions and liabilities, in the
aggregate, could reasonably be expected to result in a Material Adverse Effect.

     Section 5.07 Ownership of Property; Liens. Each Loan Party and each of its Restricted
Subsidiaries has good record and marketable title in fee simple to, or valid leasehold interests
in, or easements or other limited property interests in, all real property necessary in the
ordinary conduct of its business, free and clear of all Liens except for minor defects in title
that do not materially interfere with its ability to conduct its business or to utilize such assets
for their
intended purposes and Liens permitted by Section 7.01 and except where the failure to have
such title or the existence of such Lien could not reasonably be expected to have, individually or
in the aggregate, a Material Adverse Effect.

     Section 5.08 Taxes. The Borrower and its Subsidiaries have filed all Federal and material
state and other tax returns and reports required to be filed, and have paid all Federal and
material state and other taxes, assessments, fees and other governmental charges levied or imposed
upon them or their properties, income or assets otherwise due and payable, except those (a) which
are not overdue by more than 30 days, (b) which are being contested in good faith by appropriate
proceedings diligently conducted and for which adequate reserves have been provided in accordance
with GAAP or (c) with respect to which the failure to make such filing or payment could not
reasonably be expected to have a Material Adverse Effect.

     Section 5.09 ERISA Compliance.
(a) Each Plan is in compliance in all material respects with the applicable provisions of
ERISA and the Code except to the extent that non-compliance could not reasonably be expected to
have a Material Adverse Effect. In the preceding five years, each Loan Party and each ERISA
Affiliate have made all required contributions to each Pension Plan subject to Section 412 of the
Code, and in the preceding five years, no application for a funding waiver or an extension of any
amortization period pursuant to Section 412 of the Code has been made with respect to any Plan,
except to the extent a failure to make such contributions or application, as the case may be, could
not reasonably be expected to have a Material Adverse Effect.

     (b) There are no pending or, to the knowledge of the Borrower, threatened claims, actions or
lawsuits, or action by any Governmental Authority, with respect to any Plan that would reasonably
be expected to have a Material Adverse Effect. There has been no prohibited

82

 

transaction or
violation of the fiduciary responsibility rules with respect to any Plan that has resulted or would
reasonably be expected to result in a Material Adverse Effect.

     (c) (i) No ERISA Event has occurred or is reasonably expected to occur; (ii) no Pension Plan
has an “accumulated funding deficiency” (as defined in Section 412 of the Code), whether or not
waived, and no application for a waiver of the minimum funding standard has been filed with respect
to any Pension Plan; (iii) neither the Borrower nor any ERISA Affiliate has incurred, or reasonably
expects to incur, any liability under Title IV of ERISA with respect to any Pension Plan (other
than premiums not yet due or premiums due and not yet delinquent under Section 4007 of ERISA); (iv)
neither the Borrower nor any ERISA Affiliate has incurred, or reasonably expects to incur, any
liability (and no event has occurred which, with the giving of notice under Section 4219 of ERISA,
would result in such liability) under Sections 4201 or 4243 of ERISA with respect to a
Multiemployer Plan; and (v) neither the Borrower nor any ERISA Affiliate has engaged in a
transaction that could be subject to Sections 4069 or 4212(c) of ERISA, except, with respect to
each of the foregoing clauses of this Section 5.09(c), as could not reasonably be expected,
individually or in the aggregate, to result in a Material Adverse Effect.

     Section 5.10 Subsidiaries; Equity Interests. As of the Effective Date, (a) the Equity
Interests of each Restricted Subsidiary that are owned directly or indirectly by the Borrower are
owned free and clear of all Liens except for any Lien permitted under Section 7.01 and (b)
Schedule 5.10 (i) sets forth the name and jurisdiction of organization of each Subsidiary
(other than Subsidiaries that in the aggregate represent less than the greater of (x) 5% of the
Total Consolidated Assets and (y) 5% of the Consolidated EBITDA of the Borrower and its
Consolidated Subsidiaries) and (ii) sets forth the ownership interest of the Borrower and any other
Subsidiary in each such Subsidiary, including the percentage of such ownership and identifies each
Subsidiary that is a Regulated Subsidiary, if any.

     Section 5.11 Margin Regulations; Investment Company Act. (a) No proceeds of any Borrowings or drawings under any Letter of Credit will be used to
purchase or carry any margin stock or to extend credit to others for the purpose of purchasing or
carrying any margin stock in violation of Regulation U issued by the FRB.

     (b) Neither the Borrower nor any Person Controlling the Borrower, nor any Restricted
Subsidiary is or is required to be registered as an “investment company” under the Investment
Company Act of 1940.

     Section 5.12 Disclosure. No report, financial statement, certificate or other written
information furnished by or on behalf of any Loan Party to any Agent or any Lender in connection
with the transactions contemplated hereby and the negotiation of this Agreement or delivered
hereunder or any other Loan Document (as modified or supplemented by other information so
furnished) when taken as a whole (and considered together with all information publicly disclosed
by the Consolidated Companies) contains any material misstatement of fact or omits to state any
material fact necessary to make the statements therein, in the light of the circumstances under and
at the time which they were made, not materially misleading; provided that, with respect to
financial estimates, projected or forecasted financial information and other forward-looking
information, Borrower represents and warrants only that such information was prepared in good faith
based upon assumptions believed by the Borrower to be reasonable in

83

 

light of conditions existing at
the time of preparation; it being understood that (A) such projections and forecasts, as to future
events, are not to be viewed as facts, that actual results during the period or periods covered by
any such projections or forecasts may differ significantly from the projected or forecasted results
and that such differences may be material and that such projections and forecasts are not a
guarantee of financial performance and (B) no representation is made with respect to information of
a general economic or general industry nature.

     Section 5.13 Intellectual Property; Licenses, etc. Each Loan Party and its Restricted
Subsidiaries own, or possess the right to use, all of the trademarks, service marks, trade names,
copyrights, patents, patent rights, franchises, licenses, database rights and design rights and
other intellectual property rights (collectively, “IP Rights”) that are reasonably necessary for
the operation of their respective businesses, without conflict with the rights of any other Person,
except to the extent such failure to own or possess the right to use or such conflicts, either
individually or in the aggregate, could not reasonably be expected to have a Material Adverse
Effect. To the knowledge of the Borrower, no slogan or other advertising device, product, process,
method, substance, part or other material now employed by any Loan Party or any Restricted
Subsidiary infringes upon any rights held by any other Person except for such infringements,
individually or in the aggregate, which could not reasonably be expected to have a Material Adverse
Effect. No claim or litigation regarding any of the foregoing is pending or, to the knowledge of
the Borrower, threatened, which, either individually or in the aggregate, could reasonably be
expected to have a Material Adverse Effect.

     Section 5.14 Solvency. On the Effective Date after giving effect to the Transaction, the Loan
Parties, on a consolidated basis, are Solvent.

     Section 5.15 Perfection, Etc. All filings and other actions necessary to perfect and protect
the Liens in the Collateral created under and in the manner contemplated by the Collateral
Documents have been duly made or taken or otherwise provided for in the manner reasonably requested
by the Administrative Agent and are in full force and effect, and the Collateral Documents create
in favor of the Collateral Agent for the benefit of the Secured Parties a valid and, together with
such filings and other actions, perfected first priority Lien in the Collateral, securing the
payment of the Secured Obligations, subject to Liens permitted by Section 7.01. The Loan Parties
are the legal and beneficial owners of the Collateral free and clear of any Lien, except for the
Liens created or permitted under the Loan Documents.

ARTICLE 6

Affirmative Covenants

     So long as any Lender shall have any Commitment hereunder, any Loan or other Obligation
hereunder which is accrued and payable shall remain unpaid or unsatisfied, or any Letter of Credit
shall remain outstanding or not otherwise provided for in full in a manner reasonably satisfactory
to the L/C Issuer, the Borrower shall, and shall (except in the case of the covenants set forth in
Section 6.01, Section 6.02, Section 6.03 and Section 6.14) cause each Restricted Subsidiary to:

84

 

     Section 6.01 Financial Statements. Deliver to the Administrative Agent for further
distribution to each Lender:

     (a) as soon as available, but in any event within 90 days after the end of each fiscal year of
the Borrower beginning with the fiscal year ending on December 31, 2011, a consolidated balance
sheet of the Borrower and its Subsidiaries as at the end of such fiscal year, and the related
consolidated statements of income or operations, shareholders’ equity and cash flows for such
fiscal year, setting forth in each case in comparative form the figures for the previous fiscal
year, all in reasonable detail and prepared in accordance with GAAP, and audited and accompanied by
a report and opinion of KPMG LLP or any other independent certified public accountant of nationally
recognized standing, which report and opinion shall be prepared in accordance with generally
accepted auditing standards and shall not be subject to any “going concern” or like qualification
or exception or any qualification or exception as to the scope of such audit; provided that if the
independent auditor provides an attestation and a report with respect to management’s report on
internal control over financial reporting and its own evaluation of internal control over financial
reporting, then such report may include a qualification or limitation due to the exclusion of any
acquired business from such report to the extent such exclusion is permitted under rules or
regulations promulgated by the SEC or the Public Company Accounting Oversight Board;

     (b) as soon as available, but in any event within 45 days after the end of each of the first
three fiscal quarters of each fiscal year of the Borrower beginning with the fiscal quarter ending
on June 30, 2011, a consolidated balance sheet of the Borrower and its Subsidiaries as at the end
of such fiscal quarter, and the related consolidated statements of income or operations,
shareholders’ equity and cash flows for such fiscal quarter and for the portion of the fiscal year
then ended, setting forth, in each case, in comparative form the figures for the corresponding
fiscal quarter of the previous fiscal year and the corresponding portion of the previous fiscal
year, all in reasonable detail and certified by a Responsible Officer of the Borrower as fairly
presenting in all material respects the financial condition, results of operations, shareholders’
equity and cash flows of the Borrower and its Subsidiaries in accordance with GAAP, subject only to
normal year-end audit adjustments and the absence of footnotes;

     (c) as soon as available, but in any event no later than 90 days after the end of each fiscal
year, forecasts prepared by management of the Borrower, in form reasonably satisfactory to the
Administrative Agent of consolidated balance sheets, income statements and cash flow statements of
the Borrower and its Subsidiaries for the fiscal year following such fiscal year then ended, which
shall be prepared in good faith upon reasonable assumptions at the time of
preparation and which shall state therein all the material assumptions on the basis of which
such forecasts were prepared), it being understood that actual results may vary from such forecasts
and that such variations may be material; and

     (d) if there are any Unrestricted Subsidiaries as of the last day of any fiscal quarter,
simultaneously with the delivery of each set of consolidated financial statements referred to in
Section 6.01(a) and Section 6.01(b) above, the related consolidating financial statements
reflecting the adjustments necessary to eliminate the accounts of Unrestricted Subsidiaries from
such consolidated financial statements.

85

 

     Section 6.02 Certificates; Other Information. Deliver to the Administrative Agent for further
distribution to each Lender:

     (a) no later than five Business Days after the delivery of each set of consolidated financial
statements referred to in Section 6.01(a), a certificate of the Borrower’s independent certified
public accountants certifying such financial statements and stating that in making the examination
necessary therefor no knowledge was obtained of any Event of Default under Section 7.09 or, if any
such Event of Default shall exist, stating the nature and status of such event;

     (b) no later than five Business Days after the delivery of each set of consolidated financial
statements referred to in Section 6.01(a) and 6.01(b), a duly completed Compliance Certificate
signed by a Responsible Officer of the Borrower;

     (c) promptly after the same are publicly available, copies of each annual report, proxy or
financial statement sent to the stockholders of the Borrower, and copies of all annual, regular,
periodic and special reports and registration statements (other than the exhibits thereto and any
registration statements on Form S-8 or its equivalent) which the Borrower files, copies of any
report, filing or communication with the SEC under Section 13 or 15(d) of the 1934 Act, or with any
Governmental Authority that may be substituted therefor, or with any national securities exchange,
and in any case not otherwise required to be delivered to the Administrative Agent pursuant hereto;

     (d) promptly after the furnishing thereof, copies of any notices of default or acceleration
received by any Loan Party or notices of default or acceleration furnished by any Loan Party to any
holder of debt securities of any of the Restricted Companies pursuant to the terms of any
documentation governing any Indebtedness (other than Indebtedness hereunder and Indebtedness owed
by one Restricted Company to another Restricted Company) in a principal amount greater than the
Threshold Amount and not otherwise required to be furnished to the Lenders;

     (e) promptly after the receipt thereof by a Specified Responsible Officer of the Borrower,
copies of each notice or other correspondence received from any Governmental Authority concerning
any material investigation or other material inquiry regarding any material violation of applicable
Law by any Restricted Company which would reasonably be expected to have a Material Adverse Effect;

     (f) together with the delivery of each Compliance Certificate pursuant to Section 6.02(b), (i)
a report identifying all Material Real Property disposed of by any Loan Party or any of its
Restricted Subsidiaries since the delivery of the last supplements and a list and description of
all Material Real Property acquired since the delivery of the last supplements (including the
street address (if available), county or other relevant jurisdiction, state and the record owner),
(ii) a description of each event, condition or circumstance during the last fiscal quarter covered
by such Compliance Certificate requiring a mandatory prepayment under Section 2.05(b) and (iii) a
list of each Subsidiary that is a Regulated Subsidiary as of the date of delivery of such
Compliance Certificate that was not identified as such either in Schedule 5.11 to this Agreement or
in any Compliance Certificate previously delivered pursuant to this clause (f); and

86

 

     (g) promptly after any request therefor, such additional information regarding the business,
legal, financial or corporate affairs of any Restricted Company, or compliance with the terms of
the Loan Documents, as the Administrative Agent or any Lender through the Administrative Agent may
from time to time reasonably request.

Documents required to be delivered pursuant to Section 6.01(a) or (b) or Section 6.02(c) (to the
extent any such documents are included in materials otherwise filed with the SEC) may be delivered
electronically and, if so delivered, shall be deemed to have been delivered on the date (i) on
which the Borrower posts such documents, or provides a link thereto on the Borrower’s website on
the Internet at the website address listed on Schedule 10.02; or (ii) on which such documents are
posted on the Borrower’s behalf on SyndTrak or other relevant website, to which each Lender and the
Administrative Agent are granted access (whether a commercial, third-party website or whether
sponsored by the Administrative Agent); provided that the Borrower shall notify (which may be by
facsimile or electronic mail or by an automated electronic alert of a posting) the Administrative
Agent of the posting of any such documents which notice may be included in the certificate
delivered pursuant to Section 6.02(b). Except for such Compliance Certificates, the Administrative
Agent shall have no obligation to maintain copies of the documents referred to above, and in any
event shall have no responsibility to monitor compliance by the Borrower with any such request for
delivery, and each Lender shall be solely responsible for requesting delivery to it or maintaining
its copies of such documents. The Borrower hereby acknowledges that (A) the Administrative Agent
and/or the Arrangers will make available to the Lenders and the L/C Issuer materials and/or
information provided by or on behalf of the Borrower hereunder (collectively, “Borrower Materials”)
by posting the Borrower Materials on SyndTrak or another similar electronic system (the “Platform”)
and (B) certain of the Lenders may be “public-side” Lenders (i.e., Lenders that do not wish to
receive material non-public information with respect to the Borrower or its securities) (each, a
“Public Lender”). The Borrower hereby agrees that (1) all Borrower Materials that are to be made
available to Public Lenders shall be clearly and conspicuously marked “PUBLIC” which, at a minimum,
shall mean that the word “PUBLIC” shall appear prominently on the first page thereof; (2) by
marking Borrower Materials “PUBLIC”, the Borrower shall be deemed to have authorized the
Administrative Agent, the Arrangers, the L/C Issuer and the Lenders to treat such Borrower
Materials as either publicly available information or not material information (although it may be
sensitive and proprietary) with respect to the Borrower or its securities for purposes of United
States Federal and state securities laws; (3) all Borrower Materials marked “PUBLIC” are permitted
to be made available through a portion of the Platform designated “Public Investor”; and (4) the
Administrative Agent and the Arrangers shall treat any Borrower Materials that are
not marked “PUBLIC” as being suitable only for posting on a portion of the Platform not designated
“Public Investor”.

     Section 6.03 Notices. Promptly notify the Administrative Agent (who shall promptly give notice
thereof to the Lenders) after a Specified Responsible Officer obtains knowledge of:

     (a) the occurrence of any Default;

     (b) any matter that has resulted or would reasonably be expected to result in a Material
Adverse Effect, including any matter arising out of or resulting from (i) breach or non-performance
of, or any default under, a Contractual Obligation of any Loan Party or any

87

 

Subsidiary, (ii) any
dispute, litigation, investigation, proceeding or suspension between any Loan Party or any
Restricted Subsidiary and any Governmental Authority, (iii) the commencement of, or any material
adverse development in, any litigation, investigation or proceeding affecting any Loan Party or any
Subsidiary or (iv) the occurrence of any ERISA Event; and

     (c) the occurrence of any Casualty Event with respect to any Material Real Property having a
cost of restoration reasonably estimated by the Borrower to exceed $2,500,000.

     Each notice pursuant to this Section 6.03 shall be accompanied by a written statement of a
Responsible Officer of the Borrower (x) that such notice is being delivered pursuant to Section
6.03(a), (b) or (c) (as applicable) and (y) setting forth details of the occurrence referred to
therein and, in the case of a notice delivered pursuant to Section 6.03(a) or (b), stating what
action the Borrower has taken and proposes to take with respect thereto. Each notice pursuant to
Section 6.03(a) shall describe with particularity to the extent known any and all provisions of
this Agreement and any other Loan Document in respect of which such Default exists.

     Section 6.04 Payment of Obligations. Pay, discharge or otherwise satisfy as the same shall
become due and payable, all of its obligations and liabilities except, in each case, to the extent
the failure to pay or discharge the same could not reasonably be expected to have a Material
Adverse Effect or such obligations or liabilities are being contested in good faith by appropriate
proceedings.

     Section 6.05 Preservation of Existence, Etc. (a) Preserve, renew and maintain in full force
and effect its legal existence under the Laws of the jurisdiction of its organization except in a
transaction permitted by Section 7.04 or 7.05 (and, in the case of any Restricted Subsidiary, to
the extent the failure to do so, could not reasonably be expected to have a Material Adverse
Effect), (b) take all reasonable action to maintain all rights, privileges (including its good
standing), permits, licenses and franchises necessary or desirable in the normal conduct of its
business, except to the extent that failure to do so could not reasonably be expected to have a
Material Adverse Effect and (c) preserve or renew all of its registered patents, trademarks, trade
names, service marks and copyrights, except to the extent that failure to do so could not
reasonably be expected to have a Material Adverse Effect.

     Section 6.06 Maintenance of Properties. Except if the failure to do so could not reasonably be
expected to have a Material Adverse Effect, (a) maintain, preserve and protect all of its material
properties and equipment necessary in the operation of its business in good working order, ordinary
wear and tear excepted and casualty and condemnation excepted, and
(b) make all necessary renewals, replacements, modifications, improvements, upgrades,
extensions and additions to material properties and equipment in accordance with prudent industry
practice.

     Section 6.07 Maintenance of Insurance. Maintain with financially sound and reputable insurance
companies, insurance of such types and in such amounts (after giving effect to any self-insurance)
reasonable and customary for similarly situated Persons engaged in the same or similar businesses
as the Borrower and the Restricted Subsidiaries) as are customarily carried under similar
circumstances by such other Persons except, in the case of Foreign

88

 

Subsidiaries, to the extent that
the failure to maintain such insurance with respect to one or more Foreign Subsidiaries could not
reasonably be expected to result in a Material Adverse Effect.

     Section 6.08 Compliance with Laws. Comply in all material respects with the requirements of
all Laws (including, without limitation, Environmental Laws) and all orders, writs, injunctions,
and decrees applicable to it or to its business or property, except if the failure to comply
therewith could not reasonably be expected to have a Material Adverse Effect or the necessity of
compliance therewith is being contested in good faith by appropriate proceedings.

     Section 6.09 Books and Records. Maintain proper books of record and account, in a manner to
allow financial statements to be prepared in conformity with GAAP consistently applied shall be
made of all material financial transactions and matters involving the assets and business of the
Borrower or such Restricted Subsidiary, as the case may be.

     Section 6.10 Inspection Rights. With respect to any Loan Party, permit representatives and
independent contractors of the Administrative Agent and each Lender to visit and inspect any of its
properties, to examine its corporate, financial and operating records, and make copies thereof or
abstracts therefrom, and to discuss its affairs, finances and accounts with its directors,
officers, and independent public accountants, all at the expense of the Borrower and at such
reasonable times during normal business hours and as often as may be reasonably desired, upon
reasonable advance notice to the Borrower; provided that, excluding any such visits and inspections
during the continuation of an Event of Default, only the Administrative Agent on behalf of the
Lenders may exercise rights under this Section 6.10 and the Administrative Agent shall not exercise
such rights more often than once during any calendar year absent the existence of an Event of
Default and such inspections shall be conducted at the sole expense of the Administrative Agent
without charge to the Borrower; provided further that when an Event of Default exists the
Administrative Agent or any Lender (or any of their respective representatives or independent
contractors) may do any of the foregoing at the expense of the Borrower at any time during normal
business hours and upon reasonable advance notice. The Administrative Agent and the Lenders shall
give the Borrower the opportunity to participate in any discussions with the Borrower’s
accountants.

     Section 6.11 Use of Proceeds. Use the proceeds of the Credit Extensions under the (a) the Term
Loans (i) to refinance all of the outstanding amounts under the Original Credit Agreement (other
than outstanding Letters of Credit) and (ii) to the extent of any excess, to provide for other
general corporate purposes of the Consolidated Companies and (b) Revolving Credit Facility (i) to
continue outstanding Letters of Credit under the Original Credit Agreement as Letters of Credit
hereunder, (ii) to pay fees and expenses incurred in connection with the
Transaction, and (iii) to provide ongoing working capital and for other general corporate
purposes of the Consolidated Companies.

     Section 6.12 Covenant to Guarantee Secured Obligations and Give Security. (a) Cause the following
Restricted Subsidiaries to guarantee the Secured Obligations (each a “Subsidiary Guarantor”): such
Restricted Subsidiaries as shall constitute, together with the Borrower, (x) at least 95% of the
Consolidated EBITDA of the Borrower and its Domestic Subsidiaries (excluding, for the purposes of
such calculation, (1) all Unrestricted Subsidiaries, but including any Subsidiaries that were, at
one time, designated as Unrestricted Subsidiaries, but

89

 

have been redesignated as Restricted
Subsidiaries pursuant to Section 6.14 and (2) all Regulated Subsidiaries) for the four fiscal
quarters most recently ended for which financial statements have been delivered pursuant to Section
6.01 and (y) at least 95% of the Total Assets of the Borrower and its Domestic Subsidiaries
(excluding, for the purposes of such calculation, (1) all Unrestricted Subsidiaries, but including
any Subsidiaries that were, at one time, designated as Unrestricted Subsidiaries, but
have been
redesignated as Restricted Subsidiaries pursuant to Section 6.14 and (2) all Regulated
Subsidiaries) as of the last day of the fiscal quarter most recently ended for which financial
statements have been delivered pursuant to Section 6.01. Notwithstanding the foregoing, (i) any
Restricted Subsidiary that is a guarantor of any Permitted Subordinated Indebtedness shall also be
required to be a Subsidiary Guarantor, (ii) no Regulated Subsidiary shall be required to become a
Subsidiary Guarantor and (iii) no Subsidiary shall be required to be a Subsidiary Guarantor if such
Subsidiary is a Foreign Subsidiary or a Domestic Subsidiary of a Foreign Subsidiary.

     (b) At the end of each fiscal quarter of the Borrower, the Borrower shall determine whether
any Restricted Companies that are not currently Subsidiary Guarantors shall be required, pursuant
to the provisions of Section 6.12(a) to become Subsidiary Guarantors and, within 60 days after the
end of such fiscal quarter (or such longer period as the Administrative Agent may agree in its
reasonable discretion), will at the Borrower’s expense:

     (i) Cause any new Subsidiary Guarantors (each, an “Additional Guarantor”) to duly
execute and deliver to the Administrative Agent a guaranty substantially in the form of
Exhibit F (either directly or via a guaranty supplement) or such other form of guaranty or
guaranty supplement to guarantee the Secured Obligations in form and substance reasonably
satisfactory to the Administrative Agent and the Borrower, it being understood and agreed
that each Subsidiary that is required to be a Subsidiary Guarantor on the Effective Date
shall duly execute and deliver to the Administrative Agent a Subsidiary Guaranty on the
Effective Date; provided that in connection with any acquisition of any Restricted Company,
if any Subsidiary that is not already a Subsidiary Guarantor shall be required, pursuant to
the provisions of Section 6.12 to become a Subsidiary Guarantor, the Borrower shall, in each
case at the Borrower’s expense and within 30 days of being so required, cause such
Subsidiary to duly execute and deliver to the Administrative Agent a Subsidiary Guaranty;

     (ii) Cause such Additional Guarantor to furnish to the Administrative Agent a
description of any Material Real Property owned by such Additional Guarantor
consisting of the street address (if available), county or other relevant jurisdiction,
state and the record owner;

     (iii) Cause such Additional Guarantor to duly execute and deliver to the Administrative
Agent Mortgages, Security Agreement Supplements, Intellectual Property Security Agreements
and other security documents, as specified by and in form and substance reasonably
satisfactory to the Administrative Agent (consistent with the Mortgages, Security Agreement,
Intellectual Property Security Agreement and other security documents in effect on the
Effective Date), granting a Lien in substantially all of the Material Real Property and
personal property of such Restricted Subsidiary to the extent required by the applicable
Collateral Documents, in each case securing the

90

 

Secured Obligations of such Additional
Guarantor; provided that (A) no more than 65% of the voting Equity Interests of any Foreign
Subsidiary that are held directly by a Loan Party shall be required to be pledged to support
the Secured Obligations (except to the extent such Equity Interests are pledged to support
obligations under any Permitted Subordinated Indebtedness); (B) no Equity Interests of any
Restricted Subsidiary that is not made a Subsidiary Guarantor in accordance with Section
6.12(a) which have been pledged to secure Indebtedness of such Additional Guarantor assumed
in connection with a Permitted Acquisition that is secured by a Lien permitted by Section
7.01(p) shall be required to be pledged, but only for so long as such Lien is in effect; (C)
no Equity Interests of any Foreign Subsidiary that are held directly by a Foreign Subsidiary
shall be required to be pledged to support the Secured Obligations (except to the extent
such Equity Interests are pledged to support obligations under any Permitted Subordinated
Indebtedness); (D) Equity Interests (or assets) in any Joint Venture which cannot be pledged
without the consent of any third party (and which such consent has not been obtained) shall
not be required to be pledged to support the Secured Obligations to the extent such
restriction is enforceable; (E) no assets of any Regulated Subsidiary (and no Equity
Interests issued by such Regulated Subsidiary) shall be required to be pledged to support
the Obligations (except to the extent such assets or such Equity Interests are pledged to
support obligations under any Permitted Subordinated Indebtedness); and (F) no Restricted
Subsidiary shall be required to pledge assets as to which the Administrative Agent
reasonably determines that the costs (including, without limitation, any mortgage, stamp,
intangible or other tax, title insurance or similar items) of obtaining the security
interest in such assets are unreasonably excessive in relation to the benefit to the Secured
Parties of the security to be afforded thereby.

     (iv) Cause such Additional Guarantor to deliver, to the extent required to be pledged
hereunder or under the Collateral Documents, (A) any and all certificates representing
Equity Interests owned by such Restricted Subsidiary accompanied by undated stock powers or
other appropriate instruments of transfer executed in blank and (B) a counterpart to a
global intercompany note and any other instruments required to be delivered under the
Collateral Documents evidencing any intercompany debt held by such Additional Guarantor
(except in respect of (1) intercompany debt of up to $10,000,000 in the aggregate for all
Loan Parties and (2) intercompany debt with any Regulated Subsidiary), endorsed in blank to
the Administrative Agent; and

     (v) Take and cause such Additional Guarantor to take whatever action (including the
recording of Mortgages with respect to Material Real Property, the filing of Uniform
Commercial Code financing statements, and delivery of stock and membership interest
certificates) as may be necessary in the reasonable opinion of the Administrative Agent to
vest in the Administrative Agent (or in any representative of the Administrative Agent
designated by it) valid and subsisting Liens on the properties purported to be subject to
the Mortgages, Security Agreement Supplements, Intellectual Property Security Agreements and
other security documents delivered pursuant to this Section 6.12, enforceable against all
third parties in accordance with their terms.

     (c) Within 45 days after the reasonable request therefor by the Administrative Agent, or such
longer period as the Administrative Agent may agree in its reasonable discretion, the

91

 

Borrower
shall, at the Borrower’s expense, deliver to the Administrative Agent a signed copy of an opinion,
addressed to the Administrative Agent and the other Secured Parties, of counsel for the Loan
Parties reasonably acceptable to the Administrative Agent as to such matters set forth in Section
6.12(b) in respect of foreign Equity Interests or Material Real Property as the Administrative
Agent may reasonably request.

     (d) As promptly as practicable after the request therefor by the Administrative Agent, the
Borrower shall, at the Borrower’s expense, deliver to the Administrative Agent with respect to each
Material Real Property of each Additional Guarantor that is the subject of such request, title
reports in scope, form and substance reasonably satisfactory to the Administrative Agent and, to
the extent existing and available, surveys and environmental assessment reports.

     (e) Upon the acquisition by any Loan Party of any Material Real Property that is not already
subject to a perfected Lien in favor of the Administrative Agent for the benefit of the Secured
Parties, the Borrower shall give notice thereof to the Administrative Agent and shall, if requested
by the Administrative Agent and required by the applicable Collateral Documents, cause such assets
to be subjected to a Lien securing such Loan Party’s Obligations and will take, or cause the
relevant Loan Party to take, such actions as shall be necessary or reasonably requested by the
Administrative Agent to grant and perfect or record such Lien to the extent required by the
applicable Collateral Documents, including the actions referred to in Section 6.12(b) with respect
to Material Real Property.

     (f) Notwithstanding anything to the contrary in this Agreement, to the extent that the
Borrower shall determine (and demonstrate to the reasonable satisfaction of the Administrative
Agent) at any time that certain Restricted Subsidiaries that are not required to be Subsidiary
Guarantors pursuant to the provisions of Section 6.12(a) above are parties to a Subsidiary Guaranty
and/or a Collateral Document, the Borrower shall be entitled to give notice to that effect to the
Administrative Agent (along with any information reasonably requested by the Administrative Agent
to support such determination) whereupon such Restricted Subsidiaries shall no longer be deemed to
be Subsidiary Guarantors and the Administrative Agent shall promptly release each such Restricted
Subsidiary from its Subsidiary Guaranty and any applicable Collateral Document (and release any
liens granted on any Collateral of such Restricted Subsidiary).

     Section 6.13 Further Assurances. (a) Promptly upon reasonable request by the Administrative Agent, (i) correct any material
defect or error that may be discovered in the execution, acknowledgment, filing or recordation of
any Loan Document or other document or instrument relating to any Collateral and (ii) do, execute,
acknowledge, deliver, record, re-record, file, re-file, register and re-register any and all such
further acts, deeds, certificates, assurances and other instruments as the Administrative Agent may
reasonably require from time to time in order to carry out more effectively the purposes of the
Loan Documents.

     (b) Concurrently with the delivery of each Compliance Certificate pursuant to Section 6.02(b),
sign and deliver to the Administrative Agent an appropriate Intellectual Property Security
Agreement with respect to all After-Acquired Intellectual Property (as defined in the Security
Agreement) owned by it as of the last day of the period for which such Compliance Certificate is
delivered, to the extent that such After-Acquired Intellectual Property is not

92

 

covered by any
previous Intellectual Property Security Agreement so signed and delivered by it; provided that an
Intellectual Property Security Agreement shall not be required to be delivered with respect to
After-Acquired Intellectual Property except as provided in the Security Agreement. In each case,
the Borrower will, and will cause each of the Subsidiary Guarantors to, promptly cooperate as
necessary to enable the Administrative Agent to make any necessary or reasonably desirable
recordations with the U.S. Copyright Office or the U.S. Patent and Trademark Office, as
appropriate.

     Section 6.14 Designation of Subsidiaries. The Borrower may at any time designate any
Restricted Subsidiary as an Unrestricted Subsidiary or any Unrestricted Subsidiary as a Restricted
Subsidiary; provided that (a) other than in the case of the designation of (x) a Joint Venture in
existence on the Effective Date that thereafter becomes a Subsidiary or (y) a Securitization
Vehicle (each, an “Excluded Unrestricted Subsidiary”), immediately before and after such
designation, no Default shall have occurred and be continuing, (b) other than in the case of the
designation of an Excluded Unrestricted Subsidiary, immediately after giving effect to such
designation, the Borrower and its Consolidated Subsidiaries shall be in compliance, on a Pro Forma
Basis, with the covenants set forth in Section 7.09 (and, as a condition precedent to the
effectiveness of any such designation, the Borrower shall deliver to the Administrative Agent a
certificate setting forth in reasonable detail the calculations demonstrating such compliance), (c)
no designation of a Restricted Subsidiary as an Unrestricted Subsidiary, other than an Excluded
Unrestricted Subsidiary, shall be effective if, immediately after such designation, (i) the
Consolidated EBITDA of the Unrestricted Subsidiaries would exceed 5% of the Consolidated EBITDA of
the Consolidated Companies for the four fiscal quarter period then most recently ended or (ii) the
aggregate Investments made by Restricted Companies in Unrestricted Subsidiaries would exceed the
sum of (x) $50,000,000 plus (y) the aggregate amount of any cash repayment of or return on
such Investments theretofore received by Restricted Companies after the Effective Date, in each
case determined without regard to any Excluded Unrestricted Subsidiary at any time after such
Person becomes a Subsidiary, and (d) no Subsidiary may be designated as an Unrestricted Subsidiary
if it is a “Restricted Subsidiary” for the purpose of any Permitted Subordinated Indebtedness. The
designation of any Subsidiary (other than a Securitization Vehicle) as an Unrestricted Subsidiary
shall constitute an Investment by the applicable Restricted Companies therein at the date of
designation in an amount equal to the net book value (or, in the case of any guarantee or similar
Investment, the amount) of the Restricted Companies’ Investments therein. If any Person becomes a
Restricted Subsidiary on any date
after the Effective Date (including by redesignation of an Unrestricted Subsidiary as a
Restricted Subsidiary), the Indebtedness of such Person outstanding on such date will be deemed to
have been incurred by such Person on such date for purposes of Section 7.03, but will not be
considered the sale or issuance of Equity Interests for purposes of Section 7.05.

ARTICLE 7

Negative Covenants

     So long as any Lender shall have any Commitment hereunder, any Loan or other Obligation
hereunder which is accrued and payable shall remain unpaid or unsatisfied, or any Letter of Credit
shall remain outstanding or not otherwise provided for in full in a manner reasonably satisfactory
to the L/C Issuer, the Borrower shall not, nor shall it permit any Restricted Subsidiary to,
directly or indirectly:

93

 

     Section 7.01 Liens. Create, incur, assume or suffer to exist any Lien upon any of its
property, assets or revenues, whether now owned or hereafter acquired, other than the following:

     (a) Liens pursuant to any Loan Document;

     (b) Liens existing on the Effective Date and listed on Schedule 7.01 and any modifications,
replacements, refinancings, renewals or extensions thereof; provided that (i) the Lien does not
extend to any additional property other than (A) after-acquired property that is affixed or
incorporated into the property covered by such Lien or financed by Indebtedness permitted under
Section 7.03, and (B) proceeds and products thereof and (ii) the modification, replacement,
renewal, extension or refinancing of the obligations secured or benefited by such Liens (if such
obligations constitute Indebtedness) is permitted by Section 7.03;

     (c) Liens for taxes, assessments or governmental charges which are not overdue for a period of
more than 30 days, or, if more than 30 days overdue, (i) which are being contested in good faith
and by appropriate proceedings diligently conducted, if adequate reserves with respect thereto are
maintained on the books of the applicable Person in accordance with GAAP or (ii) with respect to
which the failure to make payment could not reasonably be expected to have a Material Adverse
Effect;

     (d) statutory Liens of landlords, carriers, warehousemen, mechanics, materialmen, repairmen,
construction contractors or other like Liens arising in the ordinary course of business which
secure amounts not overdue for a period of more than 30 days or, if more than 30 days overdue, (i)
no action has been taken to enforce such Lien, (ii) such Lien is being contested in good faith and
by appropriate proceedings diligently conducted, if adequate reserves with respect thereto are
maintained on the books of the applicable Person in accordance with GAAP or (iii) with respect to
which the failure to make payment as to all such amounts, in the aggregate, could not reasonably be
expected to have a Material Adverse Effect;

     (e) (i) Liens incurred in the ordinary course of business in connection with workers’
compensation, unemployment insurance and other social security legislation and (ii) Liens incurred
in the ordinary course of business securing insurance premiums or reimbursement obligations under
insurance policies (and, in each case, Liens securing reimbursement and related obligations with
respect to letters of credit issued in connection with any of the foregoing
up to an amount such that such reimbursement and related obligations secured by Liens, when
taken together with the outstanding reimbursement and related obligations secured by Liens pursuant
to the parentheticals contained in clauses (f) and (k) of this Section 7.01, do not exceed
$5,000,000 in the aggregate at any time outstanding);

     (f) deposits to secure the performance of bids, trade contracts, governmental contracts and
leases (other than Indebtedness for borrowed money), statutory obligations, surety, stay, customs
and appeal bonds, performance bonds, performance and completion guarantees and other obligations of
a like nature (including those to secure health, safety and environmental obligations) incurred in
the ordinary course of business (and, in each case, Liens securing reimbursement and related
obligations with respect to letters of credit issued in connection with any of the foregoing up to
an amount such that such reimbursement and related obligations secured by Liens, when taken
together with the outstanding reimbursement and related

94

 

obligations secured by Liens pursuant to
the parentheticals contained in clauses (e) and (k) of this Section 7.01, do not exceed $5,000,000
in the aggregate at any time outstanding);

     (g) (i) Permitted Encumbrances and (ii) easements, rights-of-way, restrictions, encroachments,
protrusions and other similar encumbrances and minor title defects affecting real property which,
in the aggregate, do not in any case materially and adversely interfere with the ordinary conduct
of the business of the applicable Person;

     (h) Liens securing judgments for the payment of money not constituting an Event of Default
under Section 8.01(h);

     (i) Liens arising in connection with the Cash Management Practices, including Liens securing
borrowings from financial institutions and their Affiliates permitted under Section 7.03(m) to the
extent specified in the definition of “Cash Management Practices”;

     (j) (i) leases, licenses, subleases or sublicenses granted to other Persons in the ordinary
course of business which do not (A) interfere in any material respect with the business of the
Borrower or any of its material Restricted Subsidiaries or (B) secure any Indebtedness (other than
any obligation that is Indebtedness solely as a result of the operation of clause (f) of the
definition thereof) and (ii) the rights reserved or vested in any Person by the terms of any lease,
license, franchise, grant or permit held by any Restricted Company or by a statutory provision to
terminate any such lease, license, franchise, grant or permit or to require periodic payments as a
condition to the continuance thereof;

     (k) Liens in favor of customs and revenue authorities arising as a matter of law to secure
payment of customs duties in connection with the importation of goods in the ordinary course of
business (and, in each case, Liens securing reimbursement and related obligations with respect to
letters of credit issued in connection with any of the foregoing up to an amount such that such
reimbursement and related obligations secured by Liens, when taken together with the outstanding
reimbursement and related obligations secured by Liens pursuant to the parentheticals contained in
clauses (e) and (f) of this Section 7.01, do not exceed $5,000,000 in the aggregate at any time
outstanding);

     (l) Liens (i) of a collection bank arising under Section 4-210 of the Uniform Commercial Code
on items in the course of collection, (ii) attaching to commodity trading accounts or other
brokerage accounts incurred in the ordinary course of business, and (iii) in favor of a banking
institution arising as a matter of law encumbering deposits (including the right of set-off) and
which are within the general parameters customary in the banking industry;

     (m) Liens (i) (A) on advances of cash or Cash Equivalents in favor of the seller of any
property to be acquired in an Investment permitted pursuant to Section 7.02(h) to be applied
against the purchase price for such Investment, or (B) consisting of an agreement to Dispose of any
property in a Disposition permitted under Section 7.05 and (ii) on cash earnest money deposits made
by any Restricted Company in connection with any letter of intent or purchase agreement permitted
hereunder;

     (n) Liens on property of any Foreign Subsidiary securing Indebtedness of such Foreign
Subsidiary to the extent permitted under Section 7.03(g);

95

 

     (o) Liens in favor of any Restricted Company securing Indebtedness permitted under Section
7.03(e) or other obligations other than Indebtedness owed by a Restricted Company to another
Restricted Company;

     (p) Liens existing on property at the time of its acquisition or existing on the property of
any Person at the time such Person becomes a Restricted Subsidiary, in each case after the Original
Closing Date (other than Liens on the Equity Interests of any Person that becomes a Subsidiary
Guarantor in accordance with Section 6.12(a)) and any modifications, replacements, refinancings,
renewals or extensions thereof; provided that (i) in the case of Liens securing purchase money
Indebtedness or Capitalized Leases, (A) such Liens attach concurrently with or within 270 days
after the acquisition, repair, replacement, construction or improvement (as applicable) of the
property subject to such Liens and (B) such Lien does not extend to or cover any other assets or
property (other than the proceeds or products thereof and after-acquired property subjected to a
Lien pursuant to terms existing at the time of such acquisition, it being understood that such
requirement to pledge after-acquired property shall not be permitted to apply to any property to
which such requirement would not have applied but for such acquisition); provided that individual
equipment financings otherwise permitted to be secured hereunder provided by one Person (or its
Affiliates) may be cross-collateralized to other such equipment financings provided by such Person
(or its Affiliates), (ii) in the case of Liens securing Indebtedness other than purchase money
Indebtedness or Capitalized Leases, (A) such Liens do not extend to the property of any Person
other than the Person acquired or formed to make such acquisition and the subsidiaries of such
Person and (B) such Lien was not created in contemplation of such acquisition or such Person
becoming a Restricted Subsidiary and (iii) the Indebtedness secured thereby (or, as applicable, any
modifications, replacements, refinancings, renewals or extensions thereof) is permitted under
Section 7.03(h) or Section 7.03(s)(i), as applicable;

     (q) Liens arising from precautionary UCC financing statement filings (or similar filings under
applicable Law) regarding leases entered into by the Borrower or any of its Restricted Subsidiaries
in the ordinary course of business (and Liens consisting of the interests or title of the
respective lessors thereunder);

     (r) Liens arising out of conditional sale, title retention, consignment or similar
arrangements for sale of goods entered into by any Restricted Company in the ordinary course of
business not prohibited by this Agreement;

     (s) Liens that are contractual rights of set-off (i) relating to the establishment of
depository relations with banks not given in connection with the issuance of Indebtedness (other
than Indebtedness described in clause (e) of the definition thereof), (ii) relating to pooled
deposit or sweep accounts of any Restricted Company to permit satisfaction of overdraft or similar
obligations incurred in the ordinary course of business of such Restricted Company and (iii)
relating to purchase orders and other similar agreements entered into in the ordinary course of
business;

     (t) Liens on the assets of a Securitization Vehicle securing Indebtedness under any
Securitization Financing permitted under Section 7.03(r);

96

 

     (u) Liens securing the Specified Non-Recourse Indebtedness permitted under Section 7.03(f) to
the extent specified therein;

     (v) Liens consisting of pledges or deposits of cash or securities made by a Regulated
Subsidiary as a condition to obtaining or maintaining any licenses issued to it by, or to satisfy
the requirements of, any applicable Regulatory Supervising Organization;

     (w) any pledge of the Capital Stock of an Unrestricted Subsidiary to secure Indebtedness of
such Unrestricted Subsidiary, to the extent such pledge constitutes an Investment permitted under
this Agreement; and

     (x) other Liens securing Indebtedness or other obligations outstanding in an aggregate
principal amount not to exceed $75,000,000.

     Without limitation of the foregoing, in no event shall any Restricted Company create, incur,
assume or suffer to exist any Lien upon the Jacksonville Corporate Campus securing any Indebtedness
for borrowed money (other than Liens, if any, that may be provided in the future under the Loan
Documents).

     Section 7.02 Investments. Make or hold any Investments, except:

     (a) Investments by a Restricted Company in assets that were Cash Equivalents when such
Investment was made, and the holding of cash at any time by a Restricted Company;

     (b) loans or advances to directors, officers, members of management, employees and consultants
of a Restricted Company in an aggregate amount not to exceed $10,000,000 at any time outstanding,
for business related travel, entertainment, relocation and analogous ordinary business purposes or
in connection with such Person’s purchase of Equity Interests of the Borrower;

     (c) Investments (i) by any Loan Party in any other Loan Party, (ii) by any Restricted
Subsidiary that is not a Loan Party in any Restricted Company and (iii) by any Loan Party in any
Restricted Subsidiary that is not a Loan Party (including in connection with the formation, but
not the acquisition, of any such Restricted Subsidiary) in an aggregate amount for all such
Investments under this clause (iii) not to exceed, at the time such Investment is made and after
giving effect to such Investment, the sum of (A) $75,000,000 and (B) the aggregate amount of any
cash repayment of or return on such Investments originally made pursuant to this clause (c) after
the Effective Date and theretofore received by the Loan Parties;

     (d) Investments consisting of extensions of credit in the nature of accounts receivable or
notes receivable arising from the grant of trade credit in the ordinary course of business, and
Investments received in satisfaction or partial satisfaction thereof from financially troubled
account debtors and other credits to suppliers in the ordinary course of business;

     (e) Investments consisting of Liens, Indebtedness, fundamental changes, Dispositions and
Restricted Payments permitted under Section 7.01, 7.03, 7.04, 7.05 and 7.06, respectively;

97

 

     (f) Investments existing or contemplated on the Effective Date and set forth on Schedule 7.02
and any modification, replacement, renewal or extension thereof; provided that the amount of the
original Investment is not increased except by the terms of such Investment or as otherwise
permitted by this Section 7.02;

     (g) promissory notes and other noncash consideration received in connection with Dispositions
permitted by Section 7.05;

     (h) the purchase or other acquisition of all or substantially all of the property and assets
or business of, any Person or of assets constituting a business unit, a line of business or
division of such Person, or of more than 50% of the Equity Interests in a Person that, upon the
consummation thereof, will be owned directly by the Borrower or one or more of its wholly owned
Subsidiaries (including as a result of a merger or consolidation); provided that, with respect to
each purchase or other acquisition made pursuant to this Section 7.02(h) (each, a “Permitted
Acquisition”):

     (i) each applicable Loan Party and any such newly created or acquired Subsidiary shall,
or will within the times specified therein, have complied with the requirements of Section
6.12;

     (ii) any Indebtedness incurred in connection with such acquisition by the Borrower or
any Restricted Subsidiary shall be permitted by Section 7.03;

     (iii) (A) immediately before and immediately after giving Pro Forma Effect to any such
purchase or other acquisition, no Event of Default shall have occurred and be continuing and
(B) immediately after giving effect to such purchase or other acquisition, the Borrower
shall be in Pro Forma Compliance with all of the covenants set forth in Section 7.09, in
each case such compliance to be determined on the basis of the financial information most
recently delivered to the Administrative Agent and the Lenders (either pursuant to Section
6.01(a) or (b) or in any subsequent delivery of financial information by the Borrower to the
Administrative Agent prior to such purchase or other acquisition) as though such purchase or
other acquisition had been consummated as of the first day of the fiscal period covered
thereby and, with respect to each such purchase or other acquisition having total
consideration in excess of $50,000,000, evidenced by a certificate
from the chief financial officer (or other equivalent officer) of the Borrower
demonstrating such compliance calculation in reasonable detail;

     (iv) if the total consideration of such Permitted Acquisition exceeds $50,000,000, the
Borrower shall have delivered to the Administrative Agent, on behalf of the Lenders, no
later than five Business Days after the date on which any such purchase or other acquisition
is consummated, a certificate of a Responsible Officer, in form and substance reasonably
satisfactory to the Administrative Agent, certifying that all of the requirements set forth
in this Section 7.02(h) have been satisfied or will be satisfied on or prior to the
consummation of such purchase or other acquisition; and

     (v) such purchase or other acquisition was approved by the board of the directors (or
other applicable governing body) of the Person being acquired.

98

 

     (i) Investments (including debt obligations and Equity Interests) received in connection with
the bankruptcy or reorganization of any Person and in settlement of obligations of, or other
disputes with, any Person arising in the ordinary course of business and upon foreclosure with
respect to any secured Investment or other transfer of title with respect to any secured
Investment;

     (j) Investments and transfers of funds among the Restricted Companies that are made in
accordance with the Cash Management Practices;

     (k) advances of payroll payments to employees in the ordinary course of business;

     (l) Guarantees by a Restricted Company of leases (other than Capital Lease Obligations)
entered into in the ordinary course of business;

     (m) Investments in the ordinary course consisting of endorsements for collection or deposit;

     (n) Investments by Restricted Companies in Unrestricted Subsidiaries after the Effective Date
(it being understood and agreed that the book value of the assets of an Unrestricted Subsidiary
other than any Securitization Vehicle at the time of its designation as such pursuant to Section
6.14 shall be deemed to be an Investment made in such Unrestricted Subsidiary in an amount equal to
such book value, but if such Unrestricted Subsidiary is not wholly-owned by the Restricted
Companies, only an amount proportional to such Restricted Companies’ ownership therein shall be
included in this calculation) in an aggregate amount for all such Investments (less an amount equal
to the book value of all Unrestricted Subsidiaries other than any Securitization Vehicle that,
after the Effective Date, are redesignated by the Borrower to be Restricted Subsidiaries,
calculated as of the date of such redesignation) not to exceed for all Unrestricted Subsidiaries
(other than Securitization Vehicles), at the time such Investment is made and after giving effect
to such Investment, the sum of (i) $50,000,000 plus (ii) the aggregate amount of any cash
repayment of or return on such Investments originally made pursuant to this clause (n) after the
Effective Date and theretofore received by Restricted Companies after the Effective Date;

     (o) Investments consisting of Swap Contracts entered into in the ordinary course of business
and not for speculative purposes;

     (p) Investments of funds held by the Like-Kind-Exchange Companies for the benefit of their
customers in connection with their like-kind-exchange operations;

     (q) any Investment in a Securitization Vehicle or any Investment by a Securitization Vehicle
in any other Person in connection with a Securitization Financing permitted by Section 7.03(r),
including Investments of funds held in accounts permitted or required by the arrangements governing
the Securitization Financing or any related Indebtedness; provided that any Investment in a
Securitization Vehicle is in the form of a purchase money note, contribution of additional
Securitization Assets or equity investments;

     (r) so long as immediately after giving effect to the making of any such Investment, no Event
of Default has occurred and is continuing, other Investments in an aggregate amount

99

 

for all such
Investments (calculated using the actual amount of such Investments as funded by the Restricted
Companies) not to exceed at any time the sum of (i) $200,000,000 and (ii) the aggregate amount of
any cash repayment of or return on such Investments theretofore received by the Restricted
Companies;

     (s) Investments in any Person in the form of equity interests in lieu of a license solely to
the extent necessary to obtain access to one or more title plants owned, leased or maintained by
such Person; provided that the aggregate amount for all such Investments shall not exceed
$20,000,000; and

     (t) so long as immediately after giving effect to the making of any such Investment, no Event
of Default has occurred and is continuing, other Investments in an aggregate amount for all such
Investments (calculated using the actual amount of such Investments as funded by the Restricted
Companies (together with any other Investment simultaneously made therewith under this clause (t))
minus the aggregate amount of any cash repayment of or return on all such Investments theretofore
received by the Restricted Companies) not to exceed the Available Amount at such time.

     Section 7.03 Indebtedness. Create, incur, assume or suffer to exist any Indebtedness, except:

     (a) Permitted Subordinated Indebtedness;

     (b) Indebtedness of the Loan Parties under the Loan Documents;

     (c) (i) Indebtedness outstanding on the Effective Date and listed on Schedule 7.03 and any
Permitted Refinancing thereof and (ii) Indebtedness in respect of the Senior Notes and any
Permitted Refinancing thereof;

     (d) Guarantees by a Restricted Company in respect of Indebtedness of another Restricted
Company otherwise permitted hereunder; provided that (x) no Guarantee by any Restricted Subsidiary
of any Senior Note or any Permitted Subordinated Indebtedness (or any Permitted Refinancing
thereof) shall be permitted unless such Restricted Subsidiary shall have
also provided a Guarantee of the Obligations substantially on the terms set forth in the
Subsidiary Guarantee in accordance with Section 6.12 and (y) if the Indebtedness being Guaranteed
is subordinated to the Obligations, such Guarantee shall be subordinated to the Guarantee of the
Obligations on terms at least as favorable to the Lenders as those contained in the subordination
of such Indebtedness;

     (e) Indebtedness of a Restricted Company that constitutes an Investment permitted by Section
7.02; provided that all such Indebtedness of any Loan Party to any Subsidiary that is not a Loan
Party must be expressly subordinated to the Obligations of such Loan Party, it being understood
that such Loan Party may make payments thereon unless an Event of Default has occurred and is
continuing;

     (f) Indebtedness incurred in the ordinary course of business by the Like-Kind-Exchange
Companies in connection with “1031 exchange” transactions under Section 1031 of the Code (or
regulations promulgated thereunder, including Revenue Procedure 2000-37) that is

100

 

limited in
recourse to the properties (real or personal) which are the subject of such “1031 exchange”
transactions (collectively, the “Specified Non-Recourse Indebtedness”);

     (g) subject to the Specified Debt Test, Indebtedness of Foreign Restricted Subsidiaries of the
Borrower;

     (h) subject to the Specified Debt Test, Indebtedness of a Restricted Company assumed in
connection with any Permitted Acquisition and not incurred in contemplation thereof, and any
Permitted Refinancing thereof;

     (i) Indebtedness incurred by any Restricted Company representing deferred compensation to
employees of a Restricted Company incurred in the ordinary course of business;

     (j) Indebtedness consisting of promissory notes issued by any Restricted Company to future,
present or former directors, officers, members of management, employees or consultants of the
Borrower or any of its Subsidiaries or their respective estates, heirs, family members, spouses or
former spouses to finance the purchase or redemption of Equity Interests of the Borrower permitted
by Section 7.06(c);

     (k) Indebtedness incurred by a Restricted Company in a Permitted Acquisition or Disposition
constituting indemnification obligations or obligations in respect of purchase price or other
similar adjustments;

     (l) Indebtedness consisting of obligations of any Restricted Company under deferred
compensation or other similar arrangements incurred by such Person in connection with Permitted
Acquisitions;

     (m) Indebtedness (including intercompany Indebtedness among the Restricted Companies) in
respect of the Cash Management Practices;

     (n) Indebtedness consisting of (i) the financing of insurance premiums (or other obligations
referred to in Section 7.01(e)) or (ii) take-or-pay obligations of a Restricted Company contained
in supply arrangements, in each case, in the ordinary course of business (including, in
each case, reimbursement and related obligations with respect to letters of credit issued in
connection with any of the foregoing);

     (o) obligations in respect of bid, performance, stay, customs, appeal and surety bonds and
performance and completion guarantees provided by a Restricted Company (or other obligations
referred to in Section 7.01(f) or (k)), in each case in the ordinary course of business or
consistent with past practice (including, in each case, reimbursement and related obligations with
respect to letters of credit issued in connection with any of the foregoing);

     (p) Guarantees by the Borrower of Indebtedness permitted under this Section 7.03;

     (q) Indebtedness in respect of Swap Contracts entered into in the ordinary course of business
and not for speculative purposes;

101

 

     (r) Indebtedness incurred in connection with a receivables securitization transaction
involving the Restricted Companies and a Securitization Vehicle (a “Securitization Financing”);
provided that (i) the Net Cash Proceeds of such Indebtedness are applied to prepay the Term Loans
pursuant to Section 2.05(b), (ii) such Indebtedness when incurred shall not exceed 100% of the cost
or fair market value, whichever is lower, of the property being acquired on the date of
acquisition, (iii) such Indebtedness is created and any Lien attaches to such property concurrently
with or within forty-five (45) days of the acquisition thereof, and (iv) such Lien does not at any
time encumber any property other than the property financed by such Indebtedness;

     (s) (i) Attributable Indebtedness and purchase money obligations (including obligations in
respect of mortgage, industrial revenue bond, industrial development bond and similar financings),
in each case of the Borrower or a Restricted Subsidiary to finance the purchase, repair or
improvement of fixed or capital assets within the limitations set forth in Section 7.01(p) and any
Permitted Refinancing thereof, provided that the aggregate principal amount of all such
Indebtedness under this clause (i) shall not exceed $50,000,000 at any time outstanding and (ii)
Indebtedness secured by Liens permitted under Sections 7.01(e)(ii), 7.01(f) or 7.01(r);

     (t) subject to the Specified Debt Test, other Indebtedness of Restricted Subsidiaries in an
aggregate principal amount at any time outstanding not to exceed the greater of $350,000,000 and
15% of Consolidated Shareholders’ Equity;

     (u) other unsecured Indebtedness of the Borrower not permitted by the foregoing clauses, so
long as (i) no Default has occurred and is continuing or would result therefrom and (ii)
immediately after giving effect to the incurrence of such unsecured Indebtedness, the Borrower
shall be in Pro Forma Compliance with Section 7.09(a); and

     (v) all premiums (if any), interest (including post-petition interest), fees, expenses,
charges and additional or contingent interest on obligations described in clauses (a) through (v)
above;

provided that at the time of incurrence or assumption of any Specified Debt described below, after
giving effect to such Specified Debt, the aggregate principal amount of all Specified Debt
shall not exceed the greater of $350,000,000 and 15% of Consolidated Shareholders’ Equity (the test
set forth in this proviso is referred to herein as the “Specified Debt Test”). For purposes
hereof, “Specified Debt” means, without duplication, (A) any Indebtedness of a Restricted Company
that is permitted to exist in reliance on any of Section 7.03(g), Section 7.03(h) or Section
7.03(t) (the “Included Debt”) and (B) any Guarantee of Included Debt permitted by this Section
7.03.

     Section 7.04 Fundamental Changes. (a) The Borrower will not, nor will it permit any
Restricted Subsidiary to, merge into or consolidate with any other Person, or permit any other
Person to merge into or consolidate with it, or liquidate or dissolve, except that, if at the time
thereof and immediately after giving effect thereto no Default shall have occurred and be
continuing: (i) any Person may merge into the Borrower in a transaction in which the Borrower is
the surviving corporation, (ii) any Restricted Subsidiary may merge into any Person in order to

102

 

consummate an investment or asset disposition permitted by Section 7.02 or Section 7.05, (iii) any
Restricted Subsidiary may merge into the Borrower or any other Restricted Subsidiary; provided that
when any Restricted Subsidiary that is a Loan Party is merging with another Restricted Subsidiary,
a Loan Party shall be the continuing or surviving Person and (iv) any Restricted Subsidiary may
liquidate or dissolve (other than in connection with a merger or a consolidation which shall be
governed by the other clauses of this Section 7.04(a)) if the Borrower determines in good faith
that such liquidation or dissolution is in the best interests of the Borrower.

     (b) The Borrower will not, nor will it permit any Restricted Subsidiary to, engage to any
material extent in any business other than any of the businesses in which the Borrower and its
Restricted Subsidiaries are engaged on the Effective Date, and any business reasonably related,
incidental, complementary or ancillary thereto or extensions, expansions or developments thereof.

     Section 7.05 Dispositions; Sale and Leaseback Transactions. (a) Dispose (in one transaction or any
series of transactions) of all or substantially all of the assets (including capital stock of any
Subsidiary) of the Restricted Companies, taken as a whole, to any other Person.

     (b) Enter into any arrangement, directly or indirectly, with any Person whereby it shall
Dispose of any property, real or personal, used or useful in its business, whether now owned or
hereafter acquired, and thereafter rent or lease such property or other property which it intends
to use for substantially the same purpose or purposes as the property being Disposed of unless (i)
if such property so Disposed of constitutes Collateral as of the Effective Date, the fair market
value in excess of the Disposition Threshold of all such property Disposed of during any fiscal
year shall be applied to prepay the Term Loans pursuant to Section 2.05(b), (ii) if any such sale
and leaseback transaction is entered into after the Effective Date to finance the purchase, repair
or improvement of fixed or capital assets, the resulting Capital Lease Obligation is permitted by
Section 7.03 and any Lien made the subject of such Capital Lease Obligation is permitted by Section
7.01 and (iii) the purchase price for such property shall be paid to such Restricted Company for
not less than 75% cash consideration.

     Section 7.06 Restricted Payments. Declare or make, directly or indirectly, any Restricted
Payment, except:

     (a) each Restricted Subsidiary may make Restricted Payments ratably with respect to its Equity
Interests;

     (b) the Borrower may declare and make dividend payments or other distributions payable solely
in the Equity Interests (other than Disqualified Equity Interests) of such Person;

     (c) the Borrower may pay for the repurchase, retirement or other acquisition or retirement for
value of Equity Interests of the Borrower held by any future, present or former director, officer,
member of management, employee or consultant of the Borrower or any of its Subsidiaries (or the
estate, heirs, family members, spouse or former spouse of any of the foregoing); provided that the
aggregate amount of Restricted Payments made under this clause (c) does not exceed in any calendar
year $5,000,000;

103

 

     (d) to the extent constituting Restricted Payments permitted by other clauses of this Section
7.06, the Borrower and its Restricted Subsidiaries may enter into transactions expressly permitted
by Section 7.04, 7.05 and 7.07;

     (e) repurchases of Equity Interests deemed to occur upon exercise of stock options or warrants
if such Equity Interests represent a portion of the exercise price of such options or warrants;

     (f) the Borrower may make cash payments in lieu of issuing fractional shares in connection
with the exercise of warrants, options or other securities convertible into or exchangeable for
Equity Interests of the Borrower and its Restricted Companies;

     (g) the Borrower may redeem, repurchase or otherwise acquire Qualified Equity Interests with
the proceeds of a substantially contemporaneous offering of Qualified Equity Interests of the
Borrower;

     (h) so long as no Default has occurred and is continuing or would result therefrom, the
Borrower may make Restricted Payments in an aggregate amount not to exceed $40,000,000 in any
calendar year; provided that the Borrower would be in Pro Forma Compliance with the covenants set
forth in Section 7.09(a) and (b) as of the most recent test date for which financial statements
have been delivered pursuant to paragraph (a) or (b) of Section 6.01; and

     (i) so long as no Default has occurred and is continuing or would result therefrom, (i) if the
Leverage Ratio on a Pro Forma Basis after giving effect to such Restricted Payment is not greater
than 2.00:1.00, the Borrower may make any Restricted Payment and (ii) if the Leverage Ratio on a
Pro Forma Basis after giving effect to such Restricted Payment is greater than 2.00:1.00 but would
not exceed the Applicable Leverage Ratio, the Borrower may make Restricted Payments so long as, the
aggregate amount of all Restricted Payments made at or prior to such time but after the Effective
Date pursuant to this clause (i) does not exceed the sum of (x) $300,000,000 plus (y) the
Available Amount.

     Section 7.07 Transactions with Affiliates. Enter into any transaction of any kind with any
Affiliate of the Borrower, whether or not in the ordinary course of business, other than (a)
transactions among the Restricted Companies, (b) transactions on fair and reasonable terms
substantially as favorable to a Restricted Company as would be obtainable by such Restricted
Company at the time in a comparable arm’s-length transaction with a Person other than an Affiliate,
(c) the payment of fees and expenses in connection with the consummation of the Transaction, (d)
loans and other transactions by the Borrower and its Restricted Subsidiaries to the extent
permitted under this Article 7, (e) customary fees payable to any directors of the Borrower and
reimbursement of reasonable out of pocket costs of the directors of the Borrower, (f) employment
and severance arrangements between any Restricted Company and their officers and employees in the
ordinary course of business, (g) payments by any Restricted Company pursuant to the tax sharing
agreements among the Borrower and its Subsidiaries on customary terms, (h) the payment of customary
fees and indemnities to directors, officers and employees of the Borrower and its Subsidiaries in
the ordinary course of business, (i) transactions pursuant to agreements in existence on the
Effective Date and set forth on Schedule 7.07 or any amendment thereto to the extent such an
amendment is not adverse to the Lenders in any material respect, (j)

104

 

Restricted Payments permitted
under Section 7.06, (k) any transaction with a Securitization Vehicle as part of a Securitization
Financing permitted under Section 7.03(r), and (l) transactions engaged in by Restricted Companies
with Unrestricted Subsidiaries in good faith to effect (i) the operations, governance,
administration and corporate overhead of the Consolidated Companies and (ii) the tax management of
the Consolidated Companies. For the purposes of this Section 7.07, each Unrestricted Subsidiary
shall be deemed to be an Affiliate of each Restricted Company.

     Section 7.08 Burdensome Agreements. Enter into or permit to exist any Contractual Obligation
(other than this Agreement, any other Loan Document and the Senior Notes Documents) that limits the
ability of (a) any Restricted Subsidiary to make Restricted Payments to any Loan Party or to
otherwise transfer property to or invest in any Loan Party or (b) any Loan Party to create, incur,
assume or suffer to exist Liens on property of such Person for the benefit of the Agents and the
Lenders with respect to the credit facilities established hereunder and the Obligations under the
Loan Documents; provided that the foregoing shall not apply to Contractual Obligations which (i)
(x) exist on the Effective Date and (to the extent not otherwise permitted by this Section 7.08)
are listed on Schedule 7.08 hereto and (y) to the extent Contractual Obligations permitted by
clause (x) are set forth in an agreement evidencing Indebtedness, are set forth in any agreement
evidencing any permitted renewal, extension or refinancing of such Indebtedness so long as such
renewal, extension or refinancing does not expand the scope of such restrictions that are contained
in such Contractual Obligation, (ii) are binding on a Restricted Subsidiary at the time such
Restricted Subsidiary first becomes a Restricted Subsidiary, so long as such Contractual
Obligations were not entered into solely in contemplation of such Person becoming a Restricted
Subsidiary, (iii) arise in connection with any Disposition permitted by Section 7.05, (iv) are
customary provisions in joint venture agreements and other similar agreements applicable to Joint
Ventures permitted under Section 7.02 and applicable solely to such Joint Venture entered into in
the ordinary course of business, (v) are negative pledges, restrictions on transfers of property
and restrictions on Liens in favor of any holder of Indebtedness permitted under Section 7.03 but
solely to the extent any negative pledge relates to the property financed by such Indebtedness (or
proceeds of such financed property) or the subject of such Indebtedness or expressly permits Liens
for the benefit of the
Agents and the Lenders with respect to the credit facilities established hereunder and the
Obligations under the Loan Documents on a senior basis and without a requirement that such holders
of such Indebtedness be secured by such Liens equally and ratably or on a junior basis, (vi) are
customary restrictions on leases, subleases, licenses or asset sale agreements otherwise permitted
hereby so long as such restrictions may relate to the assets subject thereto, (vii) are customary
provisions restricting subletting or assignment of any lease governing a leasehold interest, (viii)
are customary provisions restricting assignment or transfer of any agreement entered into in the
ordinary course of business, or (ix) exist under or by reason of applicable Law, rule, regulation
or order, or required by any regulatory authority having jurisdiction over the Borrower or any
Restricted Subsidiary or any of their respective businesses.

     Section 7.09 Financial Covenants. (a) (a) Maximum Leverage Ratio. Permit the Leverage Ratio as of the end
of any fiscal quarter of the Borrower (beginning with the fiscal quarter ending September 30, 2011)
set forth below to be greater than the ratio set forth below opposite the applicable period ending
date:

105

 

	 	 	 	 	 
	Period Ending Date	 	Leverage Ratio
	September 30, 2011 through June 30, 2013
	 	 	3.25:1.00	 
	September 30, 2013 through June 30, 2014
	 	 	3.00:1.00	 
	September 30, 2014 and thereafter
	 	 	2.75:1.00	 

     (b) Minimum Interest Coverage Ratio. Permit the Interest Coverage Ratio as of the end of any
fiscal quarter of the Borrower (beginning with the fiscal quarter ending September 30, 2011) to be
less than 3.00:1.00.

     Section 7.10 Prepayments, Etc. of Indebtedness. Prepay, redeem, purchase, defease or
otherwise satisfy prior to the scheduled maturity thereof in any manner (it being understood that
payments at scheduled maturity (and, in the case of the Senior Notes, prepayments of amounts
thereof within 90 days of such scheduled maturity, but only so long as immediately after giving
effect to such prepayment the Borrower shall be in Pro Forma Compliance with Section 7.09(a)) and
payments of regularly scheduled amortization and interest shall be permitted) any Senior Notes (or
any Permitted Senior Indebtedness that is a Permitted Refinancing thereof) or any Permitted
Subordinated Indebtedness or make any payment in violation of any subordination terms of any
Permitted Subordinated Indebtedness (collectively, “Restricted Prepayments”), except:

     (a) a refinancing thereof with the Net Cash Proceeds of (i) in the case of Permitted
Subordinated Indebtedness, any issuance of Qualified Equity Interests or other Permitted
Subordinated Indebtedness, and (ii) in the case of the Senior Notes (or any Permitted Senior
Indebtedness that is a Permitted Refinancing thereof), any issuance of Qualified Equity Interests,
Permitted Subordinated Indebtedness or other Permitted Senior Indebtedness;

     (b) the conversion of any Permitted Subordinated Indebtedness or any Senior Notes (or any
Permitted Senior Indebtedness that is a Permitted Refinancing thereof) to Qualified Equity
Interests; and

     (c) other Restricted Prepayments; provided that (i) on a Pro Forma Basis the Leverage Ratio
determined pursuant to the financial statements most recently delivered pursuant to paragraph (a)
or (b) of Section 6.01 (and, in the case of the period prior to the delivery of the financial
statements for the period ended June 30, 2011, the financial statements most recently delivered
pursuant to paragraph (a) or (b) of Section 6.01 of the Original Credit Agreement) would not exceed
the Applicable Leverage Ratio and (ii) at the time of any such Restricted Prepayment and
immediately after giving effect thereto, no Event of Default shall have occurred and be continuing
or would result therefrom.

ARTICLE 8

Events of Default and Remedies

     Section 8.01 Events of Default. Any of the following shall constitute an “Event of Default”:

     (a) Non-Payment. Any Restricted Company fails to pay (i) when due, any amount of principal of
any Loan, or (ii) within five Business Days after the same becomes due, any interest

106

 

on any Loan or
any other amount payable hereunder or with respect to any other Loan Document; or

     (b) Specific Covenants. Any Restricted Company fails to perform or observe any term, covenant
or agreement contained in any of Section 6.03(a), 6.05(a) (solely with respect to the Borrower) or
Article 7; or

     (c) Other Defaults. Any Restricted Company fails to perform or observe any other term,
covenant or agreement (not specified in Section 8.01(a) or (b) above) contained in any Loan
Document on its part to be performed or observed and such failure continues for 30 days after
notice thereof by the Administrative Agent to the Borrower; or

     (d) Representations and Warranties. Any representation, warranty, certification or statement
of fact made or deemed made by or on behalf of any Restricted Company herein, in any other Loan
Document, or in any document required to be delivered in connection herewith or therewith shall be
incorrect or misleading in any material and adverse respect when made or deemed made; or

     (e) Cross-Default. Any Material Company (i) fails to make any payment after the applicable
grace period with respect thereto, if any, (whether by scheduled maturity, required prepayment,
acceleration, demand, or otherwise) in respect of any Indebtedness (other than Indebtedness
hereunder and Indebtedness owed by one Restricted Company to another Restricted Company) having an
aggregate outstanding principal amount of not less than the Threshold Amount or (ii) fails to
observe or perform any other agreement or condition relating to any such Indebtedness, or any other
event occurs, the effect of which default or other event is to cause, or to permit the holder or
holders of such Indebtedness (or a trustee or agent on behalf of such holder or holders or
beneficiary or beneficiaries) to cause, with the giving of notice if required, (x) such
Indebtedness to become due or to be repurchased, prepaid, defeased or redeemed (automatically or
otherwise), or (y) a mandatory offer to repurchase, prepay, defease or redeem such Indebtedness to
be made, prior to its stated maturity; provided that this clause
(e)(ii) shall not apply to secured Indebtedness that becomes due as a result of the voluntary
sale or transfer of the property or assets securing such Indebtedness, if such sale or transfer is
permitted hereunder and under the documents providing for such Indebtedness; or

     (f) Insolvency Proceedings, Etc. Any Material Company institutes or consents to the
institution of any proceeding under any Debtor Relief Law, or makes an assignment for the benefit
of creditors; or applies for or consents to the appointment of any receiver, trustee, custodian,
conservator, liquidator, rehabilitator, administrator, administrative receiver or similar officer
for it or for all or any material part of its property; or any receiver, trustee, custodian,
conservator, liquidator, rehabilitator, administrator, administrative receiver or similar officer
is appointed without the application or consent of such Person and the appointment continues
undischarged or unstayed for 60 calendar days; or any proceeding under any Debtor Relief Law
relating to any such Person or to all or any material part of its property is instituted without
the consent of such Person and continues undismissed or unstayed for 60 calendar days, or an order
for relief is entered in any such proceeding; or

107

 

     (g) Inability to Pay Debts; Attachment. (i) Any Material Company becomes unable or admits in
writing its inability or fails generally to pay its debts as they become due, or (ii) any writ or
warrant of attachment or execution or similar process is issued or levied against all or any
material part of the property of any Material Company in an amount exceeding the Threshold Amount
and is not paid, released, vacated or fully bonded within 60 days after its issue or levy; or

     (h) Judgments. There is entered against any Material Company a final judgment or order for the
payment of money in an aggregate amount exceeding the Threshold Amount (to the extent not covered
by independent third-party insurance as to which the insurer has been notified of such judgment or
order and does not deny coverage) and there is a period of 60 consecutive days during which such
judgment has not been paid and during which a stay of enforcement of such judgment, by reason of a
pending appeal or otherwise, is not in effect; or

     (i) ERISA. (i) An ERISA Event occurs with respect to a Pension Plan or Multiemployer Plan
which has resulted or could reasonably be expected to result in liability of the Borrower under
Title IV of ERISA to the Pension Plan, Multiemployer Plan or the PBGC in an aggregate amount which
would reasonably be expected to result in a Material Adverse Effect, or (ii) the Borrower or any
ERISA Affiliate fails to pay when due, after the expiration of any applicable grace period, any
installment payment with respect to its withdrawal liability under Section 4201 of ERISA under a
Multiemployer Plan in an aggregate amount which would reasonably be expected to result in a
Material Adverse Effect; or

     (j) Change of Control. There occurs any Change of Control; or

     (k) Collateral Documents. Any Collateral Document after delivery thereof pursuant to Section
4.01 or Section 6.12 shall for any reason (other than pursuant to the terms thereof including as a
result of a transaction permitted under Section 7.04 or Section 7.05) cease to create a valid and
perfected first priority Lien on and security interest in any material portion of the Collateral,
subject to Liens permitted under Section 7.01, or any Loan Party shall assert in writing such
invalidity or lack of perfection or priority (other than in an informational notice
delivered to the Administrative Agent), except to the extent that any such loss of perfection
or priority results from the failure of the Administrative Agent to maintain possession of
certificates or other possessory collateral actually delivered to it representing securities or
other collateral pledged under the Collateral Documents or to file Uniform Commercial Code
financing statements, continuation statements, filings regarding IP Rights, or equivalent filings
and except, as to Collateral consisting of Material Real Property to the extent that such losses
are covered by a lender’s title insurance policy insured by a solvent insurer and such insurer has
not denied or disclaimed in writing that such losses are covered by such title insurance policy; or

     (l) Subsidiary Guaranty. Any Guarantee purported to be created under any Loan Document shall
cease to be, or shall be asserted by any Loan Party not to be, in full force and effect, except
upon the consummation of any transaction permitted by this Agreement as a result of which the
Subsidiary Guarantor providing such Guarantee ceases to be a Subsidiary or upon the termination of
such Guarantee in accordance with its terms.

108

 

     Section 8.02 Remedies Upon Event of Default. If any Event of Default occurs and is continuing,
the Administrative Agent shall, at the request of, or may, with the consent of, the Required
Lenders, take any or all of the following actions:

     (a) declare the Commitment of each Lender to make Loans and any obligation of the L/C Issuer
to make L/C Credit Extensions to be terminated, whereupon such Commitments and obligation shall be
terminated;

     (b) declare the unpaid principal amount of all outstanding Loans, all interest accrued and
unpaid thereon, and all other amounts owing or payable hereunder or under any other Loan Document
to be immediately due and payable, without presentment, demand, protest or other notice of any
kind, all of which are hereby expressly waived by the Borrower;

     (c) require that the Borrower Cash Collateralize the L/C Obligations (in an amount equal to
the then Outstanding Amount thereof); and

     (d) exercise on behalf of itself and the Lenders all rights and remedies available to it and
the Lenders under the Loan Documents or applicable Law;

provided that upon the occurrence of an actual or deemed entry of an order for relief with respect
to the Borrower under the Bankruptcy Code of the United States, the obligation of each Lender to
make Loans and any obligation of the L/C Issuer to make L/C Credit Extensions shall automatically
terminate, the unpaid principal amount of all outstanding Loans and all interest and other amounts
as aforesaid shall automatically become due and payable, and the obligation of the Borrower to Cash
Collateralize the L/C Obligations as aforesaid shall automatically become effective, in each case
without further act of the Administrative Agent or any Lender.

     Section 8.03 Application of Funds. After the exercise of remedies provided for in Section 8.02
(or after the Loans have automatically become immediately due and payable and the L/C Obligations
have automatically been required to be Cash Collateralized as set forth in the proviso to Section
8.02), any amounts received on account of the Secured Obligations (including the proceeds of any
sale or other disposition of all or any part of the Collateral) shall be applied
by the Administrative Agent (including in its capacity as Collateral Agent) in the following
order of priorities:

     First, to payment of that portion of the Secured Obligations constituting fees,
indemnities, expenses and other amounts (including, without limitation, Attorney Costs
payable under Section 10.04 and amounts payable under Article 3 but excluding principal of,
and interest on, any Loan) payable to the Administrative Agent or the Collateral Agent, in
its capacity as such;

     Second, to payment of that portion of the Secured Obligations constituting fees,
indemnities and other amounts (other than principal and interest) payable to the Lenders
(including Attorney Costs payable under Section 10.05 and amounts payable under Article
3), ratably among them in proportion to the amounts described in this clause Second payable
to them;

109

 

     Third, to payment of that portion of the Secured Obligations constituting accrued and
unpaid interest on the Loans and L/C Borrowings, ratably among the Lenders in proportion to
the respective amounts described in this clause Third payable to them;

     Fourth, to payment of (i) that portion of the Secured Obligations constituting unpaid
principal of the Loans and L/C Borrowings, (ii) Secured Hedging Obligations and (iii)
Secured Cash Management Obligations, ratably among the Lenders and/or other holders thereof
in proportion to the respective amounts described in this clause Fourth held by them;

     Fifth, to the Administrative Agent for the account of the L/C Issuer, to Cash
Collateralize that portion of L/C Obligations comprised of the aggregate undrawn amount of
Letters of Credit;

     Sixth, to the payment of all other Secured Obligations of the Loan Parties that are due
and payable to the Administrative Agent and the other Secured Parties on such date, ratably
based upon the respective aggregate amounts of all such Secured Obligations owing to the
Administrative Agent and the other Secured Parties on such date; and

     Last, the balance, if any, after all of the Secured Obligations have been paid in full,
to the Borrower or as otherwise required by Law.

Subject to Section 2.03(c), amounts used to Cash Collateralize the aggregate undrawn amount of
Letters of Credit pursuant to clause Fifth above shall be applied to satisfy drawings under such
Letters of Credit as they occur. If any amount remains on deposit as Cash Collateral after all
Letters of Credit have either been fully drawn or expired, such remaining amount shall be applied
to the other Secured Obligations, if any, in the order set forth above and, if no Secured
Obligations remain outstanding, delivered to the Borrower.

ARTICLE 9

Administrative Agent and Other Agents

     Section 9.01
Appointment and Authorization of Agents. (a) Each Lender hereby irrevocably appoints, designates and authorizes the Administrative
Agent to take such action on its behalf under the provisions of this Agreement and each other Loan
Document and to exercise such powers and perform such duties as are expressly delegated to it by
the terms of this Agreement or any other Loan Document, together with such powers as are reasonably
incidental thereto. Notwithstanding any provision to the contrary contained elsewhere herein or in
any other Loan Document, the Administrative Agent shall have no duties or responsibilities, except
those expressly set forth herein or therein, nor shall the Administrative Agent have or be deemed
to have any fiduciary relationship with any Lender or participant, and no implied covenants,
functions, responsibilities, duties, obligations or liabilities shall be read into this Agreement
or any other Loan Document or otherwise exist against the Administrative Agent. Without limiting
the generality of the foregoing sentence, the use of the term “agent” herein and in the other Loan
Documents with reference to any Agent is not intended to connote any fiduciary or other implied (or
express) obligations arising under agency doctrine of any applicable Law. Instead, such term

110

 

is
used merely as a matter of market custom, and is intended to create or reflect only an
administrative relationship between independent contracting parties.

     (b) Each L/C Issuer shall act on behalf of the Lenders with respect to any Letters of Credit
issued by it and the documents associated therewith, and each L/C Issuer shall have all of the
benefits and immunities (i) provided to the Agents in this Article 9 with respect to any acts
taken or omissions suffered by each L/C Issuer in connection with Letters of Credit issued by it or
proposed to be issued by it and the applications and agreements for letters of credit pertaining to
such Letters of Credit as fully as if the term “Agent” as used in this Article 9 and in the
definition of “Agent-Related Person” included such L/C Issuer with respect to such acts or
omissions, and (ii) as additionally provided herein with respect to such L/C Issuer.

     (c) The Administrative Agent shall also act as the “collateral agent” under the Loan
Documents, and each of the Lenders (in its capacities as a Lender, Swing Line Lender (if
applicable), L/C Issuer (if applicable) and a potential Secured Hedge Bank) hereby irrevocably
appoints and authorizes the Administrative Agent to act as the agent of (and to hold any security
interest created by the Collateral Documents for and on behalf of or on trust for) such Lender for
purposes of acquiring, holding and enforcing any and all Liens on Collateral granted by any of the
Loan Parties to secure any of the Secured Obligations, together with such powers and discretion as
are reasonably incidental thereto. In this connection, the Administrative Agent, as “collateral
agent” (and any co-agents, sub-agents and attorneys-in-fact appointed by the Administrative Agent
pursuant to Section 9.02 for purposes of holding or enforcing any Lien on the Collateral (or any
portion thereof) granted under the Collateral Documents, or for exercising any rights and remedies
thereunder at the direction of the Administrative Agent), shall be entitled to the benefits of all
provisions of this Article 9 (including Section 9.07, as though such co-agents, sub-agents and
attorneys-in-fact were the “collateral agent” under the Loan Documents) as if set forth in full
herein with respect thereto.

     Section 9.02 Delegation of Duties. The Administrative Agent may execute any of its duties
under this Agreement or any other Loan Document (including for purposes of holding or enforcing any
Lien on the Collateral (or any portion thereof) granted under the Collateral Documents or of
exercising any rights and remedies thereunder) by or through agents, employees or
attorneys-in-fact, such sub-agents as shall be deemed necessary by the Administrative Agent
and shall be entitled to advice of counsel and other consultants or experts concerning all
matters pertaining to such duties. The Administrative Agent shall not be responsible for the
negligence or misconduct of any agent or sub-agent or attorney-in-fact that it selects in the
absence of gross negligence or willful misconduct.

     Section 9.03 Liability of Agents. No Agent-Related Person shall (a) be liable for any action
taken or omitted to be taken by any of them under or in connection with this Agreement or any other
Loan Document or the transactions contemplated hereby (except for its own gross negligence or
willful misconduct in connection with its duties expressly set forth herein), or (b) be responsible
in any manner to any Lender or participant for any recital, statement, representation or warranty
made by any Loan Party or any of their Subsidiaries or any officer thereof, contained herein or in
any other Loan Document, or in any certificate, report, statement or other document referred to or
provided for in, or received by the Administrative Agent under or in connection with, this
Agreement or any other Loan Document, or the validity,

111

 

effectiveness, genuineness, enforceability
or sufficiency of this Agreement or any other Loan Document, or the perfection or priority of any
Lien or security interest created or purported to be created under the Collateral Documents, or for
any failure of any Restricted Company or any other party to any Loan Document to perform its
obligations hereunder or thereunder. No Agent-Related Person shall be under any obligation to any
Lender or participant to ascertain or to inquire as to the observance or performance of any of the
agreements contained in, or conditions of, this Agreement or any other Loan Document, or to inspect
the properties, books or records of any Loan Party or any of their Subsidiaries or any Affiliate
thereof.

     Section 9.04 Reliance by Agents. (a) Each Agent shall be entitled to rely, and shall be fully
protected in relying, upon any writing, communication, signature, resolution, representation,
notice, consent, certificate, affidavit, letter, telegram, facsimile, telex or telephone message,
electronic mail message, statement or other document or conversation believed by it to be genuine
and correct and to have been signed, sent or made by the proper Person or Persons, and upon advice
and statements of legal counsel (including counsel to any Loan Party or any of their Subsidiaries),
independent accountants and other experts selected by such Agent. Each Agent shall be fully
justified in failing or refusing to take any action under any Loan Document unless it shall first
receive such advice or concurrence of the Required Lenders as it deems appropriate and, if it so
requests, it shall first be indemnified to its satisfaction by the Lenders against any and all
liability and expense which may be incurred by it by reason of taking or continuing to take any
such action. Each Agent shall in all cases be fully protected in acting, or in refraining from
acting, under this Agreement or any other Loan Document in accordance with a request or consent of
the Required Lenders (or such greater number of Lenders as may be expressly required hereby in any
instance) and such request and any action taken or failure to act pursuant thereto shall be binding
upon all the Lenders.

     (b) For purposes of determining compliance with the conditions specified in Section 4.01, each
Lender that has signed this Agreement shall be deemed to have consented to, approved or accepted or
to be satisfied with, each document or other matter required thereunder to be consented to or
approved by or acceptable or satisfactory to a Lender unless the
Administrative Agent shall have received notice from such Lender prior to the proposed
Effective Date specifying its objection thereto.

     Section 9.05 Notice of Default. The Administrative Agent shall not be deemed to have knowledge
or notice of the occurrence of any Default, except with respect to defaults in the payment of
principal, interest and fees required to be paid to the Administrative Agent for the account of the
Lenders, unless the Administrative Agent shall have received written notice from a Lender or a Loan
Party referring to this Agreement, describing such Default and stating that such notice is a
“notice of default.” The Administrative Agent will notify the Lenders of its receipt of any such
notice. The Administrative Agent shall take such action with respect to any Event of Default as may
be directed by the Required Lenders in accordance with Article 8; provided that unless and until
the Administrative Agent has received any such direction, the Administrative Agent may (but shall
not be obligated to) take such action, or refrain from taking such action, with respect to such
Event of Default as it shall deem advisable or in the best interest of the Lenders.

112

 

     Section 9.06 Credit Decision; Disclosure of Information by Agents. Each Lender acknowledges
that no Agent-Related Person has made any representation or warranty to it, and that no act by any
Agent hereafter taken, including any consent to and acceptance of any assignment or review of the
affairs of any Loan Party or any of their Subsidiaries thereof, shall be deemed to constitute any
representation or warranty by any Agent-Related Person to any Lender as to any matter, including
whether Agent-Related Persons have disclosed material information in their possession. Each Lender
represents to each Agent that it has, independently and without reliance upon any Agent-Related
Person and based on such documents and information as it has deemed appropriate, made its own
appraisal of and investigation into the business, prospects, operations, property, financial and
other condition and creditworthiness of each Loan Party, and all applicable bank or other
regulatory Laws relating to the transactions contemplated hereby, and made its own decision to
enter into this Agreement and to extend credit hereunder. Each Lender also represents that it will,
independently and without reliance upon any Agent-Related Person and based on such documents and
information as it shall deem appropriate at the time, continue to make its own credit analysis,
appraisals and decisions in taking or not taking action under this Agreement and the other Loan
Documents, and to make such investigations as it deems necessary to inform itself as to the
business, prospects, operations, property, financial and other condition and creditworthiness of
each Loan Party or any of their Subsidiaries. Except for notices, reports and other documents
expressly required to be furnished to the Lenders by any Agent herein, such Agent shall not have
any duty or responsibility to provide any Lender with any credit or other information concerning
the business, prospects, operations, property, financial and other condition or creditworthiness of
any Loan Party or any of their Subsidiaries which may come into the possession of any Agent-Related
Person.

     Section 9.07 Indemnification of Agents. Whether or not the transactions contemplated hereby
are consummated, the Lenders shall indemnify upon demand each Agent-Related Person (to the extent
not reimbursed by or on behalf of any Loan Party and without limiting the obligation of any Loan
Party to do so), pro rata, and hold harmless each Agent-Related Person from and against any and all
Indemnified Liabilities incurred by it; provided that no Lender shall be liable for the payment to
any Agent-Related Person of any portion of such Indemnified
Liabilities resulting from such Agent-Related Person’s own gross negligence or willful
misconduct; provided that no action taken in accordance with the directions of the Required Lenders
shall be deemed to constitute gross negligence or willful misconduct for purposes of this Section
9.07; provided further that to the extent an L/C Issuer is entitled to indemnification under this
Section 9.07 solely in connection with its role as an L/C Issuer, only the Revolving Credit Lenders
shall be required to indemnify such L/C Issuer in accordance with this Section 9.07. In the case of
any investigation, litigation or proceeding giving rise to any Indemnified Liabilities, this
Section 9.07 applies whether any such investigation, litigation or proceeding is brought by any
Lender or any other Person. Without limitation of the foregoing, each Lender shall reimburse the
Administrative Agent upon demand for its ratable share of any costs or out-of-pocket expenses
(including Attorney Costs) incurred by the Administrative Agent in connection with the preparation,
execution, delivery, administration, modification, amendment or enforcement (whether through
negotiations, legal proceedings or otherwise) of, or legal advice in respect of rights or
responsibilities under, this Agreement, any other Loan Document, or any document contemplated by or
referred to herein, to the extent that the Administrative Agent is not reimbursed for such expenses
by or on behalf of the Borrower. The undertaking in this Section

113

 

9.07 shall survive termination of
the Aggregate Commitments, the payment of all other Obligations and the resignation of the
Administrative Agent.

     Section 9.08 Agents in their Individual Capacities. JPMCB and its Affiliates may make loans
to, issue letters of credit for the account of, accept deposits from, acquire Equity Interests in
and generally engage in any kind of banking, trust, financial advisory, underwriting or other
business with each Loan Party or any of their Subsidiaries as though JPMCB were not the
Administrative Agent or the L/C Issuer hereunder and without notice to or consent of the Lenders.
The Lenders acknowledge that, pursuant to such activities, JPMCB or its Affiliates may receive
information regarding any Loan Party or any of their Subsidiaries (including information that may
be subject to confidentiality obligations in favor of such Loan Party or any of their Subsidiaries)
and acknowledge that the Administrative Agent shall be under no obligation to provide such
information to them. With respect to its Loans, JPMCB shall have the same rights and powers under
this Agreement as any other Lender and may exercise such rights and powers as though it were not
the Administrative Agent or the L/C Issuer, and the terms “Lender” and “Lenders” include JPMCB in
its individual capacity.

     Section 9.09 Successor Agents. The Administrative Agent may resign as the Administrative Agent
upon 30 days’ notice to the Lenders and the Borrower. If the Administrative Agent resigns under
this Agreement, the Required Lenders shall appoint from among the Lenders a successor agent for the
Lenders, which successor agent shall be consented to by the Borrower at all times other than during
the existence of an Event of Default under Section 8.01(f) (which consent of the Borrower shall not
be unreasonably withheld or delayed). If no successor agent is appointed prior to the effective
date of the resignation of the Administrative Agent, the Administrative Agent may appoint, after
consulting with the Lenders and the Borrower, a successor agent from among the Lenders. Upon the
acceptance of its appointment as successor agent hereunder, the Person acting as such successor
agent shall succeed to all the rights, powers and duties of the retiring Administrative Agent and
the term “Administrative Agent,” shall mean such successor administrative agent and/or supplemental
administrative agent, as the case may be, and the retiring Administrative Agent’s appointment,
powers and duties as the Administrative Agent shall be terminated. After the retiring
Administrative Agent’s resignation hereunder as the Administrative Agent, the provisions of
this Article 9 and Section 10.04 and 10.05 shall inure to its benefit as to any actions taken or
omitted to be taken by it while it was the Administrative Agent under this Agreement. If no
successor agent has accepted appointment as the Administrative Agent by the date which is 30 days
following the retiring Administrative Agent’s notice of resignation, the retiring Administrative
Agent’s resignation shall nevertheless thereupon become effective and the Lenders shall perform all
of the duties of the Administrative Agent hereunder until such time, if any, as the Required
Lenders appoint a successor agent as provided for above; provided that in the case of any
Collateral held by the Administrative Agent on behalf of the Lenders or an L/C Issuer under any of
the Loan Documents, the retiring Administrative Agent shall continue to hold such Collateral until
such time as a successor Administrative Agent is appointed. Upon the acceptance of any appointment
as the Administrative Agent hereunder by a successor and upon the execution and filing or recording
of such financing statements, or amendments thereto, and such amendments or supplements to the
Mortgages, and such other instruments or notices, as may be necessary or desirable, or as the
Required Lenders may request, in order to continue the perfection of the Liens granted or purported
to be granted by the Collateral Documents, the Administrative Agent

114

 

shall thereupon succeed to and
become vested with all the rights, powers, discretion, privileges, and duties of the retiring
Administrative Agent, and the retiring Administrative Agent shall be discharged from its duties and
obligations under the Loan Documents. After the retiring Administrative Agent’s resignation
hereunder as the Administrative Agent, the provisions of this Article 9 shall continue in effect
for its benefit in respect of any actions taken or omitted to be taken by it while it was acting as
the Administrative Agent.

     Section 9.10 Administrative Agent May File Proofs of Claim. In case of the pendency of any
receivership, insolvency, liquidation, bankruptcy, reorganization, arrangement, adjustment,
composition or other judicial proceeding relative to any Loan Party, the Administrative Agent
(irrespective of whether the principal of any Loan or L/C Obligation shall then be due and payable
as herein expressed or by declaration or otherwise and irrespective of whether the Administrative
Agent shall have made any demand on the Borrower) shall be entitled and empowered, by intervention
in such proceeding or otherwise:

     (a) to file and prove a claim for the whole amount of the principal and interest owing and
unpaid in respect of the Loans, L/C Obligations and all other Obligations that are owing and unpaid
and to file such other documents as may be necessary or advisable in order to have the claims of
the Lenders and the Administrative Agent (including any claim for the reasonable compensation,
expenses, disbursements and advances of the Lenders and the Administrative Agent and their
respective agents and counsel and all other amounts due the Lenders and the Administrative Agent
under Section 2.03(i) and (j), 2.09 and 10.04) allowed in such judicial proceeding; and

     (b) to collect and receive any monies or other property payable or deliverable on any such
claims and to distribute the same;

and any custodian, receiver, assignee, trustee, liquidator, sequestrator or other similar official
in any such judicial proceeding is hereby authorized by each Lender to make such payments to the
Administrative Agent and, in the event that the Administrative Agent shall consent to the making of
such payments directly to the Lenders, to pay to the Administrative Agent any amount due for
the reasonable compensation, expenses, disbursements and advances of the Agents and their
respective agents and counsel, and any other amounts due the Administrative Agent under Section
2.09 and 10.04.

     Nothing contained herein shall be deemed to authorize the Administrative Agent to authorize or
consent to or accept or adopt on behalf of any Lender any plan of reorganization, arrangement,
adjustment or composition affecting the Obligations or the rights of any Lender or to authorize the
Administrative Agent to vote in respect of the claim of any Lender in any such proceeding.

     Section 9.11 Collateral and Guaranty Matters. The Lenders irrevocably authorize the
Administrative Agent:

     (a) to release any Lien on any property granted to or held by the Administrative Agent under
any Loan Document (i) upon termination of the Aggregate Commitments and payment in full of all
Secured Obligations (other than (A) Secured Hedging Obligations, (B)

115

 

Secured Cash Management
Obligations and (C) contingent indemnification obligations not yet accrued and payable) and the
expiration or termination of all Letters of Credit (or provision therefor in full in a manner
reasonably satisfactory to each L/C Issuer), (ii) that is sold or to be sold as part of or in
connection with any sale permitted hereunder or under any other Loan Document to any Person other
than a Loan Party, (iii) subject to Section 10.01, if approved, authorized or ratified in writing
by the Required Lenders, or (iv) owned by a Subsidiary Guarantor upon release of such Subsidiary
Guarantor from its obligations under its Subsidiary Guaranty pursuant to clause (b) below; and

     (b) to release any Subsidiary Guarantor from its obligations under any Loan Document to which
it is a party if such Person ceases to be a Restricted Subsidiary as a result of a transaction or
designation permitted hereunder; provided that no such release shall occur if such Subsidiary
Guarantor continues to be a guarantor in respect of any Permitted Subordinated Indebtedness unless
and until such Subsidiary Guarantor is (or is being simultaneously) released from its guarantee
with respect to such Permitted Subordinated Indebtedness.

     Upon request by the Administrative Agent at any time, the Required Lenders will confirm in
writing the Administrative Agent’s authority to release its interest in particular types or items
of property, or to release any Subsidiary Guarantor from its obligations under the Loan Documents
pursuant to this Section 9.11. In each case as specified in this Section 9.11, the Administrative
Agent will, at the Borrower’s expense, execute and deliver to the applicable Loan Party such
documents as such Loan Party may reasonably request to evidence the release of such item of
Collateral from the assignment and security interest granted under the Collateral Documents, or to
release such Subsidiary Guarantor from its obligations under the Loan Documents, in each case in
accordance with the terms of the Loan Documents and this Section 9.11.

     Section 9.12 Other Agents; Arrangers and Managers. None of the Lenders or other Persons
identified on the facing page and/or signature pages of this Agreement as a “documentation agent,”
“joint bookrunner,” or “joint lead arranger” shall have any right, power, obligation, liability,
responsibility or duty under this Agreement other than those applicable to all
Lenders as such. Without limiting the foregoing, none of the Lenders or other Persons so
identified shall have or be deemed to have any fiduciary relationship with any Lender. Each Lender
acknowledges that it has not relied, and will not rely, on any of the Lenders or other Persons so
identified in deciding to enter into this Agreement or in taking or not taking action hereunder.

     Section 9.13 Appointment of Supplemental Administrative Agents. (a) (a) It is the purpose of this
Agreement and the other Loan Documents that there shall be no violation of any Law of any
jurisdiction denying or restricting the right of banking corporations or associations to transact
business as agent or trustee in such jurisdiction. It is recognized that in case of litigation
under this Agreement or any of the other Loan Documents, and in particular in case of the
enforcement of any of the Loan Documents, or in case the Administrative Agent deems that by reason
of any present or future Law of any jurisdiction it may not exercise any of the rights, powers or
remedies granted herein or in any of the other Loan Documents or take any other action which may be
desirable or necessary in connection therewith, the Administrative Agent is hereby authorized to
appoint an additional individual or institution selected by the

116

 

Administrative Agent in its sole
discretion as a separate trustee, co-trustee, administrative agent, collateral agent,
administrative sub-agent or administrative co-agent (any such additional individual or institution
being referred to herein individually as a “Supplemental Administrative Agent” and collectively as
“Supplemental Administrative Agents”).

     (b) In the event that the Administrative Agent appoints a Supplemental Administrative Agent
with respect to any Collateral, (i) each and every right, power, privilege or duty expressed or
intended by this Agreement or any of the other Loan Documents to be exercised by or vested in or
conveyed to the Administrative Agent with respect to such Collateral shall be exercisable by and
vest in such Supplemental Administrative Agent to the extent, and only to the extent, necessary to
enable such Supplemental Administrative Agent to exercise such rights, powers and privileges with
respect to such Collateral and to perform such duties with respect to such Collateral, and every
covenant and obligation contained in the Loan Documents and necessary to the exercise or
performance thereof by such Supplemental Administrative Agent shall run to and be enforceable by
either the Administrative Agent or such Supplemental Administrative Agent, and (ii) the provisions
of this Article 9 and of Section 9.07 (obligating the Borrower to pay the Administrative Agent’s
expenses and to indemnify the Administrative Agent) that refer to the Administrative Agent shall
inure to the benefit of such Supplemental Administrative Agent and all references therein to the
Administrative Agent shall be deemed to be references to the Administrative Agent and/or such
Supplemental Administrative Agent, as the context may require.

     (c) Should any instrument in writing from any Loan Party be required by any Supplemental
Administrative Agent so appointed by the Administrative Agent for more fully and certainly vesting
in and confirming to him or it such rights, powers, privileges and duties, the Borrower, shall, or
shall cause such Loan Party to, execute, acknowledge and deliver any and all such instruments
promptly upon request by the Administrative Agent. In case any Supplemental Administrative Agent,
or a successor thereto, shall die, become incapable of acting, resign or be removed, all the
rights, powers, privileges and duties of such Supplemental Administrative
Agent, to the extent permitted by Law, shall vest in and be exercised by the Administrative
Agent until the appointment of a new Supplemental Administrative Agent.

ARTICLE 10

Miscellaneous

     Section 10.01 Amendments, Etc. (a) No amendment or waiver of any provision of this Agreement
or any other Loan Document, and no consent to any departure by any Loan Party therefrom, shall be
effective unless in writing signed by the Required Lenders and the Borrower or the applicable Loan
Party, as the case may be, and each such waiver or consent shall be effective only in the specific
instance and for the specific purpose for which given; provided that:

     (i) no amendment, waiver or consent shall, without the written consent of each Lender
directly affected thereby:

     (A) extend or increase the Commitment of any Lender (it being understood that a
waiver of any condition precedent set forth in Section 4.01 or

117

 

4.02 or the waiver of
any Default, Event of Default or mandatory prepayment shall not constitute an
extension or increase of any Commitment of any Lender);

     (B) postpone any date scheduled for any payment of principal or interest under
Section 2.07 or 2.08 or fees under Section 2.03(i) or 2.09(a), it being understood
that the waiver of any mandatory prepayment of the Term Loans shall not constitute a
postponement of any date scheduled for the payment of principal or interest; or

     (C) reduce or forgive the principal of, or the rate of interest specified
herein on, any Loan or L/C Borrowing, or (subject to clause (3) of the second
proviso to this Section 10.01) any fees or other amounts payable hereunder or under
any other Loan Document, it being understood that any change to the definition of
Leverage Ratio or in the component definitions thereof shall not constitute a
reduction in the rate of interest; provided that only the consent of the Required
Lenders shall be necessary to amend the definition of “Default Rate” or to waive any
obligation of the Borrower to pay interest at the Default Rate;

     (ii) no amendment, waiver or consent shall, without the written consent of each Lender:

     (A) change any provision of this Section 10.01 or the definition of “Required
Lenders” or any other provision hereof specifying the number or percentage of
Lenders required to amend, waive or otherwise modify any rights hereunder or make
any determination or grant any consent hereunder; or

     (B) release all or substantially all of the Collateral in any transaction or
series of related transactions, or release all or substantially all of the value of
the Subsidiary Guaranty; and

     (iii) no amendment, waiver or consent shall alter the allocation of payments set forth
in Section 2.05(b)(iv) between the Term Loans without the consent of Lenders having more
than 50% of the outstanding principal amount of each Class of Term Loans affected thereby,
voting as separate Classes;

provided further that:

     (1) no amendment, waiver or consent shall, unless in writing and signed
by the L/C Issuer in addition to the Lenders required above, affect the
rights or duties of the L/C Issuer under this Agreement or any Letter of
Credit Application relating to any Letter of Credit issued or to be issued
by it;

     (2) no amendment, waiver or consent shall, unless in writing and signed
by the Swing Line Lender in addition to the Lenders required above, affect
the rights or duties of the Swing Line Lender under this Agreement;

118

 

     (3) no amendment, waiver or consent shall, unless in writing and signed
by the Administrative Agent in addition to the Lenders required above,
affect the rights or duties of, or any fees or other amounts payable to, the
Administrative Agent under this Agreement or any other Loan Document; and

     (4) Section 10.07(i) may not be amended, waived or otherwise modified
without the consent of each Granting Lender all or any part of whose Loans
are being funded by an SPC at the time of such amendment, waiver or other
modification.

     (b) Notwithstanding anything to the contrary herein, no Defaulting Lender shall have any right
to approve or disapprove any amendment, waiver or consent hereunder, except that the Commitment of
such Lender may not be increased or extended without the consent of such Lender (it being
understood that any Commitments or Loans held or deemed held by any Defaulting Lender shall be
excluded from a vote of the Lenders hereunder requiring any consent of the Lenders).

     (c) Notwithstanding the foregoing, this Agreement may be amended (or amended and restated)
with the written consent of the Required Lenders, the Administrative Agent and the Borrower (i) to
add one or more additional credit facilities to this Agreement and to permit the extensions of
credit from time to time outstanding thereunder and the accrued interest and fees in respect
thereof to share ratably in the benefits of this Agreement and the other Loan Documents with the
Term Loans and the Revolving Credit Facility and the accrued interest and fees in respect thereof
and (ii) to include appropriately the Lenders holding such credit facilities in any determination
of the Required Lenders.

     (d) Notwithstanding anything to the contrary contained in this Section 10.01, in the event
that the Borrower requests that this Agreement be modified or amended in a manner that would
require the unanimous consent of all of the Lenders and such modification or amendment
is agreed to by the Required Lenders, then with the consent of the Borrower and the Required
Lenders and subject to Section 10.01(e), the Borrower and the Required Lenders shall be permitted
to amend this Agreement without the consent of the Lender or Lenders that did not agree to the
modification or amendment requested by the Borrower (such Lender or Lenders, collectively the
“Dissenting Lenders”) to provide (subject to the payment of the Obligations to the Dissenting
Lenders as described in clause (iii) below) for (i) the termination of the Commitment of each of
the Dissenting Lenders, (ii) the addition to this Agreement of one or more other financial
institutions (each of which shall be an Eligible Assignee), or an increase in the Commitment of one
or more of the Required Lenders (with the written consent thereof), so that the total Commitment
after giving effect to such amendment shall be in the same amount as the total Commitment
immediately before giving effect to such amendment, (iii) if any Loans (including, for the
avoidance of doubt, any L/C Advances and Swing Line Loans made by any Dissenting Lender) are
outstanding at the time of such amendment, the making of such additional Loans by such new
financial institutions or Required Lender or Lenders, as the case may be, as may be necessary to
repay in full in cash, at par, the outstanding Obligations of the Dissenting Lenders immediately
before giving effect to such amendment and (iv) such other

119

 

modifications to this Agreement as may
be appropriate to effect the foregoing clauses (i), (ii) and (iii).

     (e) Notwithstanding Section 10.01(d) and without duplication of amounts paid in accordance
with Section 2.05(a)(iv), in the event that this Agreement is amended at any time on or prior to
the date that is one year after the Effective Date (other than in connection with a refinancing of
all the facilities outstanding under this Agreement in connection with another transaction not
permitted by this Agreement (as determined prior to giving effect to any amendment or waiver of
this Agreement being adopted in connection with such transaction)) and such amendment to this
Agreement reduces or, upon the satisfaction of certain conditions, could have the effect of
reducing, the Applicable Margin applicable to the Term B Loans on the Effective Date, the Borrower
agrees to pay to the Administrative Agent for the benefit of each Term B Lender (whether or not
such Term B Lender consents to such amendment) a fee in an amount equal to 1.00% of such Lender’s
Term B Loans outstanding on the effective date of such amendment. Notwithstanding Section
10.01(a), this Section 10.01(e) shall not be waived, amended or modified without the written
consent of each Term B Lender adversely affected thereby.

     Section 10.02 Notices and Other Communications; Facsimile Copies. (a) Generally. Unless otherwise
expressly provided herein, all notices and other communications provided for under any Loan
Document shall be in writing (including by facsimile transmission and, except as otherwise
specifically provided herein, electronic mail). All such written notices shall be mailed, faxed or
delivered to the applicable address, facsimile number or (subject to Section 10.02(c)) electronic
mail address, and all notices and other communications expressly permitted hereunder to be given by
telephone shall be made to the applicable telephone number, as follows:

     (i) if to the Borrower, the Administrative Agent, the L/C Issuer or the Swing Line
Lender, to the address, facsimile number, electronic mail address or telephone number
specified for such Person on Schedule 10.02 or to such other address, facsimile
number, electronic mail address or telephone number as shall be designated by such
party in a notice to the other parties; and

     (ii) if to any other Lender, to the address, facsimile number, electronic mail address
or telephone number specified in its Administrative Questionnaire or to such other address,
facsimile number, electronic mail address or telephone number as shall be designated by such
party in a notice to the Borrower, the Administrative Agent, the L/C Issuer and the Swing
Line Lender.

All such notices and other communications shall be deemed to be given or made upon the earlier of
(x) actual receipt by the relevant party and (y) (A) if delivered by hand or by courier, when
signed for by or on behalf of the relevant party; (B) if delivered by mail, four Business Days
after deposit in the mails, postage prepaid; (C) if delivered by facsimile, when sent and receipt
has been confirmed by telephone; and (D) if delivered by electronic mail, when delivered; provided
that notices and other communications to the Administrative Agent, the L/C Issuer and the Swing
Line Lender pursuant to Article 2 shall not be effective until actually received by such Person.
In no event shall a voice mail message be effective as a notice, communication or confirmation
hereunder.

120

 

     (b) Effectiveness of Facsimile Documents and Signatures. Loan Documents may be transmitted
and/or signed by facsimile or other electronic means. The effectiveness of any such documents and
signatures shall, subject to applicable Law, have the same force and effect as manually signed
originals and shall be binding on each Loan Party, each Agent and each Lender. The Administrative
Agent may also require that any such documents and signatures be confirmed by a manually signed
original thereof; provided that the failure to request or deliver the same shall not limit the
effectiveness of any facsimile document or signature.

     (c) Electronic Communications. Notices and other communications to the Lenders and the L/C
Issuer hereunder may be delivered or furnished by electronic communication (including electronic
mail and Internet or intranet websites) pursuant to procedures approved by the Administrative
Agent; provided that the foregoing shall not apply to notices to any Lender or the L/C Issuer
pursuant to Article 2 if such Lender or the L/C Issuer, as applicable, has notified the
Administrative Agent that it is incapable of receiving notices under such Article by electronic
communication. The Administrative Agent or the Borrower may, in its discretion, agree to accept
notices and other communications to it hereunder by electronic communications pursuant to
procedures approved by it; provided that approval of such procedures may be limited to particular
notices or communications.

     (d) Reliance by Agents and Lenders. The Administrative Agent and the Lenders shall be entitled
to rely and act upon any notices (including telephonic Committed Loan Notices and Swing Line Loan
Notices) purportedly given by or on behalf of the Borrower even if (i) such notices were not made
in a manner specified herein, were incomplete or were not preceded or followed by any other form of
notice specified herein, or (ii) the terms thereof, as understood by the recipient, varied from any
confirmation thereof. The Borrower shall indemnify each Agent-Related Person and each Lender from
all losses, costs, expenses and liabilities resulting from the reliance by such Person on each
notice purportedly given by or on behalf of the Borrower in the absence of gross negligence or
willful misconduct.

     Section 10.03 No Waiver; Cumulative Remedies. No failure by any Lender or the Administrative
Agent to exercise, and no delay by any such Person in exercising, any right, remedy, power or
privilege hereunder or under any other Loan Document shall operate as a waiver thereof; nor shall
any single or partial exercise of any right, remedy, power or privilege hereunder preclude any
other or further exercise thereof or the exercise of any other right, remedy, power or privilege.
The rights, remedies, powers and privileges provided under each Loan Document are cumulative and
not exclusive of any rights, remedies, powers and privileges provided by Law.

     Section 10.04 Attorney Costs, Expenses and Taxes. The Borrower agrees (a) to pay or reimburse
the Administrative Agent for all reasonable out-of-pocket costs and expenses incurred in connection
with the preparation, negotiation, syndication and execution of this Agreement and the other Loan
Documents, and any amendment, waiver, consent or other modification of the provisions hereof and
thereof (whether or not the transactions contemplated thereby are consummated), and the
consummation and administration of the transactions contemplated hereby and thereby, including all
Attorney Costs of a single firm of attorneys acting as counsel to the Administrative Agent, and (b)
to pay or reimburse the Administrative Agent and each Lender for all reasonable out-of-pocket costs
and expenses incurred in connection with the enforcement

121

 

of any rights or remedies under this
Agreement or the other Loan Documents (including all such costs and expenses incurred during any
legal proceeding, including any proceeding under any Debtor Relief Law), including all Attorney
Costs of counsel to the Administrative Agent. The foregoing costs and expenses shall include all
search, filing, recording, title insurance and appraisal charges relevant to the Collateral and
fees and taxes related thereto, and the related reasonable out-of-pocket expenses incurred by any
Agent; provided, however, that for the provision of any title insurance or title searches, the
Borrower shall have the right to select any nationally recognized title insurance company. All
amounts due under this Section 10.04 shall be paid within ten (10) Business Days after receipt by
the Borrower of an invoice in reasonable detail. The agreements in this Section 10.04 shall survive
the termination of the Aggregate Commitments and repayment of all other Obligations. If any Loan
Party fails to pay when due any costs, expenses or other amounts payable by it hereunder or under
any Loan Document, such amount may be paid on behalf of such Loan Party by the Administrative Agent
or any Lender, in its sole discretion.

     Section 10.05 Indemnification by the Borrower. Whether or not the transactions contemplated
hereby are consummated, the Borrower shall indemnify and hold harmless each Agent, each Lender and
their respective Affiliates, directors, officers, employees, counsel, agents, attorneys-in-fact,
trustees and advisors (collectively the “Indemnitees”) from and against any and all liabilities,
losses, damages, claims and costs (including Attorney Costs, which shall be limited to one counsel
to the Administrative Agent and the Lenders (exclusive of one local counsel to the Administrative
Agent and the Lenders in each relevant jurisdiction), unless (x) the interests of the
Administrative Agent and the Lenders are sufficiently divergent, in which case one additional
counsel may be appointed and (y) if the interests of any Lender or group of Lenders (other than all
of the Lenders) are distinctly or disproportionately affected, one additional counsel for such
Lender or group of Lenders in the case of clause (a) below) of any kind or nature whatsoever which
may at any time be imposed on, incurred by or asserted against any such Indemnitee in any way
relating to or arising out of or in connection with:

     (a) the execution, delivery, enforcement, performance or administration of any Loan Document,
any Transaction Document or any other agreement, letter or instrument delivered in connection with
the transactions contemplated thereby or the consummation of the transactions contemplated thereby;

     (b) any Commitment, Loan or Letter of Credit or the use or proposed use of the proceeds
therefrom (including any refusal by the L/C Issuer to honor a demand for payment under a Letter of
Credit if the documents presented in connection with such demand do not strictly comply with the
terms of such Letter of Credit); or

     (c) any actual or alleged presence or release of Hazardous Materials on or from any property
currently or formerly owned or operated by any Restricted Company or any of their Subsidiaries, or
any Environmental Liability related in any way to any Restricted Company or any of their
Subsidiaries; or

     (d) any actual or prospective claim, litigation, investigation or proceeding relating to any
of the foregoing, whether based on contract, tort or any other theory (including any

122

 

investigation
of, preparation for, or defense of any pending or threatened claim, investigation, litigation or
proceeding) and regardless of whether any Indemnitee is a party thereto;

(all the foregoing, collectively, the “Indemnified Liabilities”), in all cases, whether or not
caused by or arising, in whole or in part, out of the negligence of the Indemnitee; provided that
such indemnity shall not, as to any Indemnitee, be available to the extent that such liabilities,
losses, damages, claims and costs (x) have resulted from the gross negligence or willful misconduct
of such Indemnitee or breach of the Loan Documents by such Indemnitee as determined by the final
non-appealable judgment of a court of competent jurisdiction or (y) arise from claims of any of the
Lenders solely against one or more Lenders that have not resulted from any misrepresentation,
default or the breach of any Loan Document or any actual or alleged performance or non-performance
by the Borrower or one of its Subsidiaries or other Affiliates or any of their respective officers,
directors, stockholders, partners, members, employees, agents, representatives or advisors. No
Indemnitee shall be liable for any damages arising from the use by others of any information or
other materials obtained through SyndTrak or other similar information transmission systems in
connection with this Agreement, except to the extent resulting from the willful misconduct or gross
negligence of such Indemnitee as determined by the final non-appealable judgment of a court of
competent jurisdiction, nor shall any Indemnitee or any Loan Party have any liability for any
special, punitive, indirect or consequential damages relating to this Agreement or any other Loan
Document or arising out of its activities in connection herewith or therewith (whether before or
after the Effective Date). In the case of an investigation, litigation or other proceeding to which
the indemnity in this Section 10.05 applies, such indemnity shall be effective whether or not such
investigation, litigation or proceeding is brought by any Loan Party, its directors, shareholders
or creditors or an Indemnitee or any other Person, whether or not any Indemnitee is otherwise a
party thereto and whether or not any of the transactions contemplated hereunder or under any of the
other Loan Documents is consummated. All amounts due under this Section 10.05 shall be paid
promptly after receipt by the Borrower of an invoice in reasonable detail. The agreements in this
Section 10.05 shall survive the resignation of the Administrative Agent, the replacement of any
Lender, the termination of the
Aggregate Commitments and the repayment, satisfaction or discharge of all the other Obligations.

     Section 10.06 Payments Set Aside. To the extent that any payment by or on behalf of the
Borrower is made to any Agent or any Lender, or any Agent or any Lender exercises its right of
setoff, and such payment or the proceeds of such setoff or any part thereof is subsequently
invalidated, declared to be fraudulent or preferential, set aside or required (including pursuant
to any settlement entered into by such Agent or such Lender in its discretion) to be repaid to a
trustee, receiver or any other party, in connection with any proceeding under any Debtor Relief Law
or otherwise, then:

     (a) to the extent of such recovery, the obligation or part thereof originally intended to be
satisfied shall be revived and continued in full force and effect as if such payment had not been
made or such setoff had not occurred, and

     (b) each Lender severally agrees to pay to the Administrative Agent upon demand its applicable
share of any amount so recovered from or repaid by any Agent, plus interest thereon

123

 

from the date
of such demand to the date such payment is made at a rate per annum equal to the applicable Federal
Funds Rate from time to time in effect.

     Section 10.07 Assigns. (a) (a) The provisions of this Agreement shall be binding upon and inure to the
benefit of the parties hereto and their respective successors and assigns permitted hereby. Nothing
in this Agreement, expressed or implied, shall be construed to confer upon any Person (other than
the parties hereto, their respective successors and assigns permitted hereby, Participants to the
extent provided in Section 10.07(f) and, to the extent expressly contemplated hereby, the
Indemnitees) any legal or equitable right, remedy or claim under or by reason of this Agreement.

     (b) Notwithstanding Section 10.07(a), the Borrower may not assign or otherwise transfer any of
its rights or obligations hereunder without the prior written consent of each Lender.

     (c) Notwithstanding Section 10.07(a), no Lender may assign or otherwise transfer any of its
rights or obligations hereunder except (i) to an Eligible Assignee in accordance with the
provisions of Section 10.07(d), (ii) by way of participation in accordance with the provisions of
Section 10.07(f), (iii) by way of pledge or assignment of a security interest subject to the
restrictions of Section 10.07(h) and Section 10.07(j) or (iv) to an SPC in accordance with the
provisions of Section 10.07(i) (and any other attempted assignment or transfer by any party hereto
shall be null and void).

     (d) Any Lender may at any time assign to one or more Eligible Assignees all or a portion of
its rights and obligations under this Agreement; provided that

     (i) except in the case of an assignment of the entire remaining amount of the assigning
Lender’s Commitment and the Loans at the time owing to it or, in the case of an assignment
to a Lender or an Affiliate of a Lender or an Approved Fund, the aggregate amount of the
Commitment (which for this purpose includes Loans outstanding
thereunder) or, if the applicable Commitment is not then in effect, the outstanding
principal balance of the Loan of the assigning Lender subject to each such assignment,
determined as of the date the Assignment and Assumption with respect to such assignment is
delivered to the Administrative Agent or, if “Trade Date” is specified in the Assignment and
Assumption, as of such Trade Date, shall not be less than $5,000,000, in the case of any
assignment in respect of the Revolving Credit Facility, or $1,000,000, in the case of any
assignment in respect of any Term Loans, unless each of the Administrative Agent and, so
long as no Event of Default in respect of Section 8.01(a) or (f) has occurred and is
continuing, the Borrower otherwise consents (each such consent not to be unreasonably
withheld or delayed); provided that the Borrower shall be deemed to have consented to any
such assignment unless it shall object thereto by written notice to the Administrative Agent
within five (5) Business Days after having received notice thereof;

     (ii) each partial assignment shall be made as an assignment of a proportionate part of
all the assigning Lender’s rights and obligations under this Agreement with respect to the
Loans or the Commitment assigned, except that this clause (ii) shall not (x)

124

 

apply to rights
in respect of Swing Line Loans or (y) prohibit any Lender from assigning all or a portion of
its rights and obligations among separate Facilities on a non-pro rata basis;

     (iii) any assignment of a Term Loan or a Revolving Credit Commitment to an Eligible
Assignee must be approved, if applicable, by the Persons specified for such assignment in
the definition of Eligible Assignee;

     (iv) the parties (other than the Borrower unless its consent to such assignment is
required hereunder) to each assignment shall execute and deliver to the Administrative Agent
an Assignment and Assumption, together with a processing and recordation fee of $3,500;
provided that the Borrower shall have no obligation to pay such fee except as required in
Section 3.09; and

     (v) the assigning Lender shall deliver any Notes evidencing such Loans to the Borrower
or the Administrative Agent (and the Administrative Agent shall deliver such Notes to the
Borrower). Subject to acceptance and recording thereof by the Administrative Agent pursuant
to Section 10.07(e), from and after the effective date specified in each Assignment and
Assumption, the Eligible Assignee thereunder shall be a party to this Agreement and, to the
extent of the interest assigned by such Assignment and Assumption, have the rights and
obligations of a Lender under this Agreement, and the assigning Lender thereunder shall, to
the extent of the interest assigned by such Assignment and Assumption, be released from its
obligations under this Agreement (and, in the case of an Assignment and Assumption covering
all of the assigning Lender’s rights and obligations under this Agreement, such Lender shall
cease to be a party hereto but shall continue to be entitled to the benefits of Section
3.01, 3.04, 3.05, 3.07, 10.04 and 10.05 with respect to facts and circumstances occurring
prior to the effective date of such assignment). Upon request, and the surrender by the
assigning Lender of its Note, the Borrower (at its expense) shall execute and deliver a Note
to the assignee Lender. Any assignment or transfer by a Lender of rights or obligations
under this Agreement that
does not comply with this clause (d) shall be treated for purposes of this Agreement as
a sale by such Lender of a participation in such rights and obligations in accordance with
Section 10.07(f).

     (e) The Administrative Agent, acting solely for this purpose as an agent of the Borrower,
shall maintain at the Administrative Agent’s Office a copy of each Assignment and Assumption
delivered to it and a register for the recordation of the names and addresses of the Lenders, and
the Commitments of, and principal amounts (and related interest amounts) of the Loans, L/C
Obligations (specifying the Unreimbursed Amounts), L/C Borrowings and amounts due under Section
2.03 owing to each Lender pursuant to the terms hereof from time to time (the “Register”). The
entries in the Register shall be conclusive, absent manifest error, and the Borrower, each Agent
and each Lender shall treat each Person whose name is recorded in the Register pursuant to the
terms hereof as a Lender hereunder for all purposes of this Agreement, notwithstanding notice to
the contrary. The Register shall be available for inspection by the Borrower, any Agent and any
Lender, at any reasonable time and from time to time upon reasonable prior notice.

125

 

     (f) Any Lender may at any time, without the consent of, or notice to, the Borrower or the
Administrative Agent, sell participations to any Person (other than a natural person) (each, a
“Participant”) in all or a portion of such Lender’s rights and/or obligations under this Agreement;
provided that (i) such Lender’s obligations under this Agreement shall remain unchanged, (ii) such
Lender shall remain solely responsible to the other parties hereto for the performance of such
obligations and (iii) the Borrower, each Agent and each other Lender shall continue to deal solely
and directly with such Lender in connection with such Lender’s rights and obligations under this
Agreement. Any agreement or instrument pursuant to which a Lender sells such a participation shall
provide that such Lender shall retain the sole right to enforce this Agreement and the other Loan
Documents and to approve any amendment, modification or waiver of any provision of this Agreement
or the other Loan Documents; provided that such agreement or instrument may provide that such
Lender will not, without the consent of the Participant, agree to any amendment, waiver or other
modification described in Section 10.01(a)(ii) that directly affects such Participant. Subject to
Section 10.07(g), each Participant shall be entitled to the benefits of Section 3.01, and Sections
3.04 through 3.07 to the same extent as if it were a Lender and had acquired its interest by
assignment pursuant to Section 10.07(d). To the extent permitted by law, each Participant also
shall be entitled to the benefits of Section 10.10 as though it were a Lender; provided that such
Participant agrees to be subject to Section 2.13 as though it were a Lender.

     (g) A Participant shall not be entitled to receive any greater payment under Section 3.01 and
Sections 3.04 through 3.07 than the applicable Lender would have been entitled to receive with
respect to the participation sold to such Participant, unless the sale of the participation to such
Participant is made with the Borrower’s prior written consent and such Participant complies with
Section 10.16 as if such Participant were a Lender under Section 10.16. A Participant shall not be
entitled to the benefits of Section 3.01 unless the Borrower is notified of the participation sold
to such Participant and such Participant agrees, for the benefit of the Borrower, to comply with
Section 10.16 as though it were a Lender.

     (h) Any Lender may at any time pledge or assign a security interest in all or any portion of
its rights under this Agreement under its Note, if any to secure obligations of such Lender,
including any pledge or assignment to secure obligations to a Federal Reserve Bank or any central
bank having jurisdiction over such Lender; provided that no such pledge or assignment shall release
such Lender from any of its obligations hereunder or substitute any such pledgee or assignee for
such Lender as a party hereto.

     (i) Notwithstanding anything to the contrary contained herein:

     (i) any Lender (a “Granting Lender”) may grant to a special purpose funding vehicle (an
“SPC”) identified as such in writing from time to time by the Granting Lender to the
Administrative Agent and the Borrower the option to provide all or any part of any Loan that
such Granting Lender would otherwise be obligated to make pursuant to this Agreement;
provided that

     (A) nothing herein shall constitute a commitment by any SPC to fund any Loan,
and

126

 

     (B) if an SPC elects not to exercise such option or otherwise fails to make all
or any part of such Loan, the Granting Lender shall be obligated to make such Loan
pursuant to the terms hereof.

     (ii) (A) neither the grant to any SPC nor the exercise by any SPC of such option shall
increase the costs or expenses or otherwise increase or change the obligations of the
Borrower under this Agreement (including its obligations under Section 3.01 or 3.04 through
3.07), (B) no SPC shall be liable for any indemnity or similar payment obligation under this
Agreement for which a Lender would be liable, and (C) the Granting Lender shall for all
purposes, including the approval of any amendment, waiver or other modification of any
provision of any Loan Document, remain the lender of record hereunder. The making of a Loan
by an SPC hereunder shall utilize the Commitment of the Granting Lender to the same extent,
and as if, such Loan were made by such Granting Lender.

     (iii) any SPC may (A) with notice to, but without prior consent of the Borrower or the
Administrative Agent and with the payment of a processing fee of $3,500, assign all or any
portion of its right to receive payment with respect to any Loan to the Granting Lender and
(B) disclose on a confidential basis any non-public information relating to its funding of
Loans to any rating agency, commercial paper dealer or provider of any surety or Guarantee
or credit or liquidity enhancement to such SPC.

     (j) Notwithstanding anything to the contrary contained herein, any Lender that is a Fund may
create a security interest in all or any portion of the Loans owing to it and the Note, if any,
held by it to the trustee for holders of obligations owed, or securities issued, by such Fund as
security for such obligations or securities; provided that unless and until such trustee actually
becomes a Lender in compliance with the other provisions of this Section 10.07, (i) no such pledge
shall release the pledging Lender from any of its obligations under the Loan Documents,
(ii) such trustee shall not be entitled to exercise any of the rights of a Lender under the
Loan Documents even though such trustee may have acquired ownership rights with respect to the
pledged interest through foreclosure or otherwise (unless such trustee is an Eligible Assignee
which has complied with the requirements of Section 10.07(d)).

     Section 10.08 Successors. Notwithstanding anything to the contrary contained herein, JPMCB
may, upon 30 days’ notice to the Borrower and the Lenders, resign as L/C Issuer and/or Swing Line
Lender; provided that on or prior to the expiration of such 30-day period with respect to JPMCB’s
resignation as L/C Issuer, JPMCB shall have identified a successor L/C Issuer reasonably acceptable
to the Borrower willing to accept its appointment as successor L/C Issuer. In the event of any such
resignation as L/C Issuer or Swing Line Lender, the Borrower shall be entitled to appoint a
successor L/C Issuer or Swing Line Lender from among the Lenders willing to accept such
appointment; provided that a failure by the Borrower to appoint any such successor shall not affect
the resignation of JPMCB as L/C Issuer or Swing Line Lender, as the case may be, except as provided
above. If JPMCB resigns as L/C Issuer, it shall retain all the rights and obligations of the L/C
Issuer with respect to all Letters of Credit outstanding as of the effective date of its
resignation as L/C Issuer and all L/C Obligations with respect thereto (including the right to
require the Lenders to make Base Rate Loans or fund risk participations in

127

 

Unreimbursed Amounts
pursuant to Section 2.03(c)). If JPMCB resigns as Swing Line Lender, it shall retain all the rights
of the Swing Line Lender with respect to Swing Line Loans made by it and outstanding as of the
effective date of such resignation, including the right to require the Lenders to make Base Rate
Loans or fund risk participations in outstanding Swing Line Loan pursuant to Section 2.04(c).

     Section 10.09 Confidentiality. Each Agent and each Lender agrees to maintain the
confidentiality of the Information, except that the Information may be disclosed (a) to its
directors, officers, employees and agents, including accountants, legal counsel and other advisors
(it being understood that the Persons to whom such disclosure is made will be informed of the
confidential nature of such Information and who have agreed or are otherwise obligated to keep such
Information confidential, and the applicable Agent or Lender shall be responsible for compliance by
such Persons with such obligations); (b) to the extent requested by any regulatory authority having
jurisdiction over the applicable Agent or Lender; (c) to the extent required by applicable Laws or
regulations or by any subpoena or similar legal process; provided that the Agent or Lender that
discloses any Information pursuant to this clause (c) shall provide the Borrower prompt notice of
such disclosure; (d) to any other party to this Agreement; (e) subject to an agreement containing
provisions substantially the same as (or no less restrictive than) those of this Section 10.09 (or
as may otherwise be reasonably acceptable to the Borrower), (x) to any Eligible Assignee of or
Participant in, or any prospective Eligible Assignee of or Participant in, any of its rights or
obligations under this Agreement or (y) to any direct, indirect, actual or prospective counterparty
(and its advisor) to any swap, derivative or securitization transaction related to its obligations
under this Agreement; (f) with the written consent of the Borrower; (g) to the extent such
Information becomes publicly available other than as a result of a breach of this Section 10.09;
(h) to any state, Federal or foreign authority or examiner (including the National Association of
Insurance Commissioners or any other similar organization) regulating any Lender; or (i) to any
rating agency when required by it (it being understood that, prior to any such disclosure, such
rating agency shall be informed of the confidential nature of the Information received by it from
such Lender and instructed to preserve the confidentiality of
such Information). In addition, any Agent and any Lender may disclose the existence of this
Agreement and information about this Agreement to market data collectors, similar service providers
to the lending industry, and service providers to any Agent and any Lender in connection with the
administration and management of this Agreement, the other Loan Documents, the Commitments, and the
Credit Extensions. For the purposes of this Section 10.09, “Information” means all information
received from any Loan Party relating to any Loan Party or its business, other than any such
information that is publicly available to any Agent or any Lender prior to disclosure by any Loan
Party other than as a result of a breach of this Section 10.09.

     Section 10.10 Set-off. In addition to any rights and remedies of each Lender provided by Law,
upon the occurrence and during the continuance of any Event of Default, after obtaining the prior
written consent of the Administrative Agent, each Lender is authorized at any time and from time to
time, without prior notice to any Loan Party, any such notice being waived by the Borrower (on its
own behalf and on behalf of each other Loan Party) to the fullest extent permitted by Law, to set
off and apply any and all deposits (general or special, time or demand, provisional or final, but
not any deposits held in a custodial, trust or other fiduciary capacity), at any time held by, and
other Indebtedness at any time owing by, such Lender to or for the credit

128

 

or the account of the
respective Loan Parties against any and all Obligations owing to such Lender hereunder or under any
other Loan Document, now or hereafter existing, irrespective of whether or not such Agent or such
Lender shall have made demand under this Agreement or any other Loan Document and although such
Obligations may be contingent or unmatured or denominated in a currency different from that of the
applicable deposit or Indebtedness. Each Lender agrees promptly to notify the Borrower and the
Administrative Agent after any such set off and application made by such Lender; provided that the
failure to give such notice shall not affect the validity of such setoff and application. The
rights of the Administrative Agent and each Lender under this Section 10.10 are in addition to
other rights and remedies (including other rights of setoff) that the Administrative Agent and such
Lender may have.

     Section 10.11 Interest Rate Limitation. Notwithstanding anything to the contrary contained in
any Loan Document, the interest paid or agreed to be paid under any Loan Document shall not exceed
the maximum rate of non-usurious interest permitted by applicable Law (the “Maximum Rate”). If any
Agent or any Lender shall receive interest in an amount that exceeds the Maximum Rate, the excess
interest shall be applied to the principal of the Loans or, if it exceeds such unpaid principal,
refunded to the Borrower. In determining whether the interest contracted for, charged, or received
by an Agent or a Lender exceeds the Maximum Rate, such Person may, to the extent permitted by
applicable Law, (a) characterize any payment that is not principal as an expense, fee, or premium
rather than interest, (b) exclude voluntary prepayments and the effects thereof, and (c) amortize,
prorate, allocate, and spread in equal or unequal parts the total amount of interest throughout the
contemplated term of the Obligations hereunder.

     Section 10.12 Counterparts. This Agreement and each other Loan Document may be executed in one
or more counterparts, each of which shall be deemed an original, but all of which together shall
constitute one and the same instrument. Delivery by telecopier of an executed counterpart of a
signature page to this Agreement and each other Loan Document shall be effective as delivery of an
original executed counterpart of this Agreement and such other Loan Document. The Agents may also
require that any such documents and signatures delivered
by telecopier be confirmed by a manually signed original thereof; provided that the failure to
request or deliver the same shall not limit the effectiveness of any document or signature
delivered by telecopier.

     Section 10.13 Integration. This Agreement, together with the other Loan Documents, comprises
the complete and integrated agreement of the parties on the subject matter hereof and thereof and
supersedes all prior agreements, written or oral, on such subject matter. In the event of any
conflict between the provisions of this Agreement and those of any other Loan Document, the
provisions of this Agreement shall control; provided that the inclusion of supplemental rights or
remedies in favor of any Agent or any Lender in any other Loan Document shall not be deemed a
conflict with this Agreement and subject, in the case of Letter of Credit Applications, to the last
sentence of Section 2.03(b)(i). Each Loan Document was drafted with the joint participation of the
respective parties thereto and shall be construed neither against nor in favor of any party, but
rather in accordance with the fair meaning thereof.

     Section 10.14 Survival of Representations and Warranties. All representations and warranties
made hereunder and in any other Loan Document or other document delivered pursuant hereto or
thereto or in connection herewith or therewith shall survive the execution and

129

 

delivery hereof and
thereof. Such representations and warranties have been or will be relied upon by each Agent and
each Lender, regardless of any investigation made by any Agent or any Lender or on their behalf and
notwithstanding that any Agent or any Lender may have had notice or knowledge of any Default at the
time of any Credit Extension, and shall continue in full force and effect as long as any Loan or
any other Obligation hereunder shall remain unpaid or unsatisfied or any Letter of Credit shall
remain outstanding.

     Section 10.15 Severability. If any provision of this Agreement or the other Loan Documents is
held to be illegal, invalid or unenforceable, the legality, validity and enforceability of the
remaining provisions of this Agreement and the other Loan Documents shall not be affected or
impaired thereby. The invalidity of a provision in a particular jurisdiction shall not invalidate
or render unenforceable such provision in any other jurisdiction.

     Section 10.16
Tax Forms. (a) (i) Any Foreign Lender that is entitled to an exemption from or reduction
of withholding tax under the law of the jurisdiction in which the Borrower is resident for
tax purposes, or any treaty to which such jurisdiction is a party, with respect to payments
hereunder or under any other Loan Document shall deliver to the Borrower (with a copy to the
Administrative Agent), at the time or times prescribed by applicable law or reasonably
requested by the Borrower or the Administrative Agent, such properly completed and executed
documentation prescribed by applicable law as will permit such payments to be made without
withholding or at a reduced rate of withholding. In addition, any Lender, if requested by
the Borrower or the Administrative Agent, shall deliver such other documentation prescribed
by applicable law or reasonably requested by the Borrower or the Administrative Agent as
will enable the Borrower or the
Administrative Agent to determine whether or not such Lender is subject to backup
withholding or information reporting requirements.

     (ii) Without limiting the generality of the foregoing, in the event that the Borrower
is resident for tax purposes in the United States, any Foreign Lender shall, to the extent
it is legally entitled to do so, deliver to the Borrower and the Administrative Agent, on or
prior to the date which is ten Business Days after the Effective Date (or upon accepting an
assignment of an interest herein), two duly signed, properly completed copies of IRS Form
W-8BEN or any successor thereto (relating to such Foreign Lender and entitling it to an
exemption from, or reduction of, United States withholding tax on all payments to be made to
such Foreign Lender pursuant to this Agreement or any other Loan Document), IRS Form W-8IMY
or any successor thereto (with required attachments) or IRS Form W-8ECI or any successor
thereto (relating to all payments to be made to such Foreign Lender pursuant to this
Agreement or any other Loan Document) or such other evidence reasonably satisfactory to the
Borrower and the Administrative Agent that such Foreign Lender is entitled to an exemption
from, or reduction of, United States withholding tax, including any exemption pursuant to
Section 881(c) of the Code, and in the case of a Foreign Lender claiming such an exemption
under Section 881(c) of the Code, a certificate that establishes in writing to the Borrower
and the Administrative Agent that such Foreign Lender is not (A) a “bank” as defined in
Section 881(c)(3)(A) of the Code, (B) a 10-percent shareholder of the Borrower within the
meaning of Section 871(h)(3)(B) of the Code, or (C) a controlled foreign corporation related
to the Borrower within the meaning of Section 864(d) of the Code. Thereafter and

130

 

from time
to time, each such Foreign Lender shall (1) promptly submit to the Borrower and the
Administrative Agent such additional duly and properly completed and signed copies of one or
more of such forms or certificates (or such successor forms or certificates as shall be
adopted from time to time by the relevant United States taxing authorities) as may then be
available under then current United States laws and regulations to avoid, or such evidence
as is reasonably satisfactory to the Borrower and the Administrative Agent of any available
exemption from, or reduction of, United States withholding taxes in respect of all payments
to be made to such Foreign Lender pursuant to this Agreement, or any other Loan Document, in
each case, (x) on or before the date that any such form, certificate or other evidence
expires or becomes obsolete, (y) after the occurrence of any event requiring a change in the
most recent form, certificate or evidence previously delivered by it to the Borrower and the
Administrative Agent and (z) from time to time thereafter if reasonably requested by the
Borrower or the Administrative Agent, and (2) promptly notify the Borrower and the
Administrative Agent of any change in circumstances which would modify or render invalid any
claimed exemption or reduction.

     (iii) Without limiting the obligations of the Lenders set forth above regarding
delivery of certain forms and documents to establish each Lender’s status for U.S.
withholding tax purposes, each Lender agrees promptly to deliver to the Administrative Agent
or the Borrower, as the Administrative Agent or the Borrower shall reasonably request, on or
prior to the Effective Date (or the date it becomes a party to this Agreement), and in a
timely fashion thereafter, such other documents and forms required by any relevant taxing
authorities under the Laws of any other jurisdiction, duly executed
and completed by such Lender, as are required under such Laws to confirm such Lender’s
entitlement to any available exemption from, or reduction of, applicable withholding taxes
in respect of all payments to be made to such Lender outside of the U.S. pursuant to this
Agreement or otherwise to establish such Lender’s status for withholding tax purposes in
such other jurisdiction. Each Lender shall promptly notify the Administrative Agent of any
change in circumstances which would modify or render invalid any such claimed exemption or
reduction, and (ii) take such steps as shall not be materially disadvantageous to it, in the
reasonable judgment of such Lender, and as may be reasonably necessary (including the
re-designation of its Lending Office) to avoid any requirement of applicable Laws of any
such jurisdiction that the Borrower make any deduction or withholding for taxes from amounts
payable to such Lender. Additionally, the Borrower shall promptly deliver to the
Administrative Agent or any Lender, as the Administrative Agent or such Lender shall
reasonably request, on or prior to the Effective Date (or the date it becomes a party to
this Agreement), and in a timely fashion thereafter, such documents and forms required by
any relevant taxing authorities under the Laws of any jurisdiction, duly executed and
completed by the Borrower, as are required to be furnished by such Lender or the
Administrative Agent under such Laws in connection with any payment by the Administrative
Agent or any Lender of Taxes or Other Taxes, or otherwise in connection with the Loan
Documents, with respect to such jurisdiction.

     (iv) The Borrower shall not be required to pay any additional amount or any indemnity
payment under Section 3.01 to (A) any Foreign Lender with respect to any taxes required to
be deducted or withheld on the basis of the information, certificates or

131

 

statements of
exemption such Lender transmits pursuant to this Section 10.16(a) and that are excluded or
considered excluded from Taxes and Other Taxes under Section 3.01, (B) any Foreign Lender if
such Foreign Lender shall have failed to satisfy the foregoing provisions of this Section
10.16(a), or (C) any U.S. Lender if such U.S. Lender shall have failed to satisfy the
provisions of Section 10.16(b); provided that if such Lender shall have satisfied the
requirement of Section 10.16(a) or 10.16(b), as applicable, on the date such Lender became a
Lender or ceased to act for its own account with respect to any payment under any of the
Loan Documents, nothing in Section 10.16(a) or 10.16(b) shall relieve the Borrower of its
obligation to pay any amounts pursuant to Section 3.01 in the event that, as a result of any
change in any applicable Law, treaty or governmental rule, regulation or order, or any
change in the interpretation, administration or application thereof, such Lender is no
longer properly entitled to deliver forms, certificates or other evidence at a subsequent
date establishing the fact that such Lender or other Person for the account of which such
Lender receives any sums payable under any of the Loan Documents is not subject to
withholding or is subject to withholding at a reduced rate.

     (v) Each Lender shall deliver to the Administrative Agent and the Borrower such other
tax forms or other documents as shall be prescribed by applicable law or as otherwise
reasonably requested by Borrower or Administrative Agent as will enable Borrower and
Administrative Agent to determine whether and to what extent payments to such Lender under
any Loan Documents are exempt from any withholding under FATCA.

     (vi) The Administrative Agent may deduct and withhold any taxes required by any Laws to
be deducted and withheld from any payment under any of the Loan Documents.

     (b) Each Lender that is a “United States person” within the meaning of Section 7701(a)(30) of
the Code (each, a “U.S. Lender”) shall deliver to the Administrative Agent and the Borrower two
duly signed, properly completed copies of IRS Form W-9 on or prior to the Effective Date (or on or
prior to the date it becomes a party to this Agreement), certifying that such U.S. Lender is
entitled to an exemption from United States backup withholding tax, or any successor form. If such
U.S. Lender fails to deliver such forms, then the Administrative Agent may withhold from any
payment to such U.S. Lender an amount equivalent to the applicable backup withholding tax imposed
by the Code and the Borrower shall not be liable for any additional amounts with respect to such
withholding.

     (c) If (i) the IRS or any other Governmental Authority asserts a claim that a Withholding
Agent did not properly withhold tax from amounts paid to or for the account of any Foreign Lender
or U.S. Lender, and (ii) the Borrower is not required to pay any additional amount or indemnify the
Lender or Agent for such amount as provided in Sections 3.01(e), 3.01(f), or Section 10.16(a)(iv),
then the Lender shall indemnify the Withholding Agent, fully for all amounts paid by the
Withholding Agent, as tax, withholding therefor, or otherwise, including penalties and interest,
and including taxes imposed by any jurisdiction on amounts payable to the Withholding Agent, under
this Section 10.16(c), together with all expenses related thereto. The obligation of the Foreign
Lenders or U.S. Lenders, severally, under this Section 10.16 shall

132

 

survive the termination of the
Aggregate Commitments, repayment of all other Obligations hereunder and the resignation of the
Administrative Agent.

     Section 10.17 Governing Law. (a) THIS AGREEMENT AND EACH OTHER LOAN DOCUMENT SHALL BE GOVERNED BY, AND
CONSTRUED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK.

     (b) ANY LEGAL ACTION OR PROCEEDING WITH RESPECT TO THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT
MAY BE BROUGHT IN THE COURTS OF THE STATE OF NEW YORK SITTING IN NEW YORK CITY OR OF THE UNITED
STATES FOR THE SOUTHERN DISTRICT OF SUCH STATE, AND BY EXECUTION AND DELIVERY OF THIS AGREEMENT,
THE BORROWER, EACH AGENT AND EACH LENDER CONSENTS, FOR ITSELF AND IN RESPECT OF ITS PROPERTY, TO
THE EXCLUSIVE JURISDICTION OF THOSE COURTS. THE BORROWER, EACH AGENT AND EACH LENDER IRREVOCABLY
WAIVES ANY OBJECTION, INCLUDING ANY OBJECTION TO THE LAYING OF VENUE OR BASED ON THE GROUNDS OF
FORUM NON CONVENIENS, WHICH IT MAY NOW OR HEREAFTER HAVE TO THE BRINGING OF ANY ACTION OR
PROCEEDING IN SUCH JURISDICTION IN RESPECT OF ANY LOAN DOCUMENT OR OTHER DOCUMENT RELATED THERETO.

     Section 10.18 Waiver of Right to Trial by Jury. EACH PARTY TO THIS AGREEMENT HEREBY EXPRESSLY
WAIVES ANY RIGHT TO TRIAL BY JURY OF ANY CLAIM, DEMAND, ACTION OR CAUSE OF ACTION ARISING UNDER ANY
LOAN DOCUMENT OR IN ANY WAY CONNECTED WITH OR RELATED OR INCIDENTAL TO THE DEALINGS OF THE PARTIES
HERETO OR ANY OF THEM WITH RESPECT TO ANY LOAN DOCUMENT, OR THE TRANSACTIONS RELATED THERETO, IN
EACH CASE WHETHER NOW EXISTING OR HEREAFTER ARISING, AND WHETHER FOUNDED IN CONTRACT OR TORT OR
OTHERWISE; AND EACH PARTY HEREBY AGREES AND CONSENTS THAT ANY SUCH CLAIM, DEMAND, ACTION OR CAUSE
OF ACTION SHALL BE DECIDED BY COURT TRIAL WITHOUT A JURY, AND THAT ANY PARTY TO THIS AGREEMENT MAY
FILE AN ORIGINAL COUNTERPART OR A COPY OF THIS SECTION 10.18 WITH ANY COURT AS WRITTEN EVIDENCE OF
THE CONSENT OF THE SIGNATORIES HERETO TO THE WAIVER OF THEIR RIGHT TO TRIAL BY JURY.

     Section 10.19 Binding Effect. This Agreement shall become effective when it shall have been
executed by the Borrower and the Administrative Agent shall have been notified by each Lender, each
Swing Line Lender and the L/C Issuer that each such Lender, Swing Line Lender and the L/C Issuer
has executed it and thereafter shall be binding upon and inure to the benefit of the Borrower, each
Agent and each Lender and their respective successors and assigns, except that the Borrower shall
not have the right to assign its rights hereunder or any interest herein without the prior written
consent of the Lenders.

     Section 10.20 No Implied Duties. The Borrower acknowledges that (a) the sole role of the
Arrangers is to syndicate the Facilities and to arrange for future amendments and other
modifications hereto and (b) no Agent has any duty other than as expressly provided herein.

133

 

Without limiting the generality of the foregoing, the Borrower agrees that no Arranger or Agent
shall in any event be subject to any fiduciary or other implied duties. Additionally, the Borrower
acknowledges and agrees that the Arrangers are not advising the Borrower as to any legal, tax,
investment, accounting or regulatory matters in any jurisdiction. The Borrower has consulted and
will continue to consult with its own advisors concerning such matters and shall be responsible for
making its own independent investigation and appraisal of the transactions contemplated hereby
(including any amendments or other modifications hereto), and no Arranger or Secured Party shall
have any responsibility or liability to the Borrower with respect thereto. Any review by any
Arranger or Secured Party of the Borrower, the transactions contemplated hereby or other matters
relating to such transactions will be performed solely for the benefit of such Arranger or Secured
Party and shall not be on behalf of the Borrower.

     Section 10.21 USA Patriot Act Notice. Each Lender that is subject to the Act (as hereinafter
defined) and the Administrative Agent (for itself and not on behalf of any Lender) hereby notifies
the Borrower that pursuant to the requirements of the USA Patriot Act (Title III of Pub. L. 107-56
(signed into law October 26, 2001)) (the “Act”), it is required to obtain, verify and record
information that identifies the Borrower and each Subsidiary Guarantor, which information includes
the name and address of the Borrower or such Subsidiary Guarantor and other information that will
allow such Lender or the Administrative Agent, as applicable, to identify the Borrower or such
Subsidiary Guarantor in accordance with the Act.

[THE REMAINDER OF THIS PAGE IS INTENTIONALLY LEFT BLANK.]

134

 

SCHEDULE 1.01A

EFFECTIVE DATE SUBSIDIARY GUARANTORS

Guarantors

	 	 	 
	 	 	Jurisdiction of
	Entity Name	 	Organization
	Aptitude Solutions, Inc.

	 	Florida
	Cyberhomes, LLC

	 	Delaware
	DOCX, LLC

	 	Georgia
	Espiel, Inc.

	 	Delaware
	FNRES Insurance Services LLC

	 	Delaware
	FNRES License Holdings Inc.

	 	Delaware
	Go Apply, LLC

	 	Nevada
	GO Holdings, Inc.

	 	Delaware
	Lender Processing Services, LLC

	 	Delaware
	Lender’s Service Title Agency, Inc.

	 	Ohio
	LPS Agency Sales and Posting, Inc.

	 	California
	LPS Applied Analytics, LLC

	 	Delaware
	LPS Asset Management Solutions, Inc.

	 	Colorado
	LPS Auction Solutions, LLC

	 	Delaware
	LPS Default Management, LLC

	 	Delaware
	LPS Default Solutions, Inc.

	 	Delaware
	LPS Field Services, Inc.

	 	Delaware
	LPS IP Holding Company, LLC

	 	Delaware
	LPS Management, LLC

	 	Delaware
	LPS Mortgage Processing Solutions, Inc.

	 	Delaware
	LPS National Flood, LLC

	 	Delaware
	LPS Portfolio Solutions, LLC

	 	Delaware
	LPS Property Tax Solutions, Inc.

	 	Delaware
	LPS Real Estate Data Solutions, Inc.

	 	California
	LPS Real Estate Group, Inc.

	 	Delaware
	LPS Valuation Solutions, LLC

	 	California
	LPS Verification Bureau, Inc.

	 	Florida
	LRT Record Services, Inc.

	 	Texas
	LSI Alabama, LLC

	 	Alabama
	LSI Appraisal, LLC

	 	Delaware
	LSI Maryland, Inc.

	 	Maryland
	LSI Title Agency, Inc.

	 	Illinois
	LSI Title Agency of Arkansas, LLC

	 	Arkansas
	LSI Title Company

	 	California
	LSI Title Company of Oregon, LLC

	 	Oregon
	LSI Title Insurance Agency of Utah, Inc.

	 	Utah

 

 

	 	 	 
	 	 	Jurisdiction of
	Entity Name	 	Organization
	LSI Title Insurance Agency of Wyoming, LLC

	 	Wyoming
	McDash Analytics, LLC

	 	Colorado
	NewInvoice, L.L.C.

	 	Georgia
	OnePointCity, LLC

	 	Ohio
	PCLender.com, Inc.

	 	Nevada
	RealEC Technologies, Inc.

	 	Delaware
	SoftPro, LLC

	 	Delaware
	True Automation, Inc.

	 	Texas

 

 

SCHEDULE 1.01B

UNRESTRICTED SUBSIDIARIES

NONE.

 

 

SCHEDULE 2.01

REVOLVING CREDIT AND TERM A COMMITMENTS

	 	 	 	 	 	 	 	 	 
	Lender	 	Revolving Credit Commitment	 	 	Term A Commitment	 
	JPMorgan Chase Bank, N.A.
	 	$	44,064,000.00	 	 	$	58,936,000.00	 
	SunTrust Bank
	 	$	42,781,000.00	 	 	$	57,219,000.00	 
	U.S. Bank National Association
	 	$	42,781,000.00	 	 	$	57,219,000.00	 
	Wells Fargo Bank, N.A.
	 	$	42,781,000.00	 	 	$	57,219,000.00	 
	Bank of America, N.A.
	 	$	42,781,000.00	 	 	$	57,219,000.00	 
	ING Capital LLC
	 	$	32,086,000.00	 	 	$	42,914,000.00	 
	PNC Bank, National Association
	 	$	32,086,000.00	 	 	$	42,914,000.00	 
	BBVA Compass Bank
	 	$	17,112,000.00	 	 	$	22,888,000.00	 
	Regions Bank
	 	$	17,112,000.00	 	 	$	22,888,000.00	 
	Sumitomo Mitsui Banking
Corporation
	 	$	17,112,000.00	 	 	$	22,888,000.00	 
	Branch Banking and Trust Company
	 	$	10,695,000.00	 	 	$	14,305,000.00	 
	Fifth Third Bank
	 	$	10,695,000.00	 	 	$	14,305,000.00	 
	Goldman Sachs Bank USA
	 	$	10,695,000.00	 	 	$	14,305,000.00	 
	Union Bank, N.A.
	 	$	10,695,000.00	 	 	$	14,305,000.00	 
	RBC Bank (USA)
	 	$	8,556,000.00	 	 	$	11,444,000.00	 
	Comerica Bank
	 	$	7,273,000.00	 	 	$	9,727,000.00	 
	Chang Hwa Commercial Bank, New
York Branch
	 	$	4,278,000.00	 	 	$	5,722,000.00	 
	Israel Discount Bank of New York
	 	$	4,278,000.00	 	 	$	5,722,000.00	 
	Firstrust Bank
	 	$	2,139,000.00	 	 	$	2,861,000.00	 
	 
	 	 	 	 	 	 
	TOTAL
	 	$	400,000,000.00	 	 	$	535,000,000.00	 
	 
	 	 	 	 	 	 

 

 

TERM B COMMITMENTS

	 	 	 	 	 
	Lender	 	Term B Commitment	 
	JPMorgan Chase Bank, N.A.
	 	$	250,000,000.00	1
	 
	 	 	 
	TOTAL
	 	$	250,000,000.00	 
	 
	 	 	 

 

			
	1	 	This amount includes $38,115,590.29 in
commitments from Rolling Term B Lenders (as defined in the Amendment
Agreement).

2

 

SCHEDULE 5.06

LITIGATION

NONE.

 

 

SCHEDULE 5.10

SUBSIDIARIES

See attached Organizational Chart (entities that are included on the Organizational Chart but
indicate less than majority ownership are not Subsidiaries).

The Regulated Subsidiaries are (i) I-Net Reinsurance Ltd, (ii) Masterpiece Escrow, Inc. and (iii)
National Title Insurance of New York Inc.

 

 

	

Lender Processing Services, Inc.

Corporate Organizational Chart
   Aptitude Solutions, Inc.   Florida   59-3746614   2
   Cyberhomes, LLC   Delaware   27-1340613   8
   DOCX, LLC   Georgia   31-1379586   2
   Espiel, Inc.   Delaware   13-3737393   4
   FNRES Insurance Services LLC   Delaware   26-1132304   9
   FNRES License Holdings Inc.   Delaware   26-1132304   8 & 9
   Go Apply, LLC   Nevada   06-1638271   10
   GO Holdings, Inc.   Delaware   74-3210333   8 & 10
   I-Net Reinsurance, Ltd.   Turks & Caicos   98-0199800   2
   Lender Processing Services, Inc.   Delaware   26-1547801   1
   Lender Processing Services, LLC   Delaware   27-3732132   1
   Lender's Service Title Agency, Inc.   Ohio   25-1372340   7
   ENTITY NAME   JURISDICTION   FEIN   PAGE

07/27/2011

 

	

Lender Processing Services, Inc.

Corporate Organizational Chart
   LPS Agency Sales and Posting, Inc.   California   94-2882944   11
   LPS Applied Analytics, LLC   Delaware   27-3732223   1 & 4
   LPS Asset Management Solutions, Inc.   Colorado   84-1477780   11
   LPS Auction Solutions, LLC   Delaware   27-1178914   11
   LPS Default Management, LLC   Delaware   27-3732267   1 & 11
   LPS Default Solutions, Inc.   Delaware   01-0560689   11
   LPS Field Services, Inc.   Delaware   34-1856603   11
   LPS IP Holding Company, LLC   Delaware   51-0658830   1
   LPS Management, LLC   Delaware   26-1550692   2
   LPS Mortgage Processing Solutions, Inc.   Delaware   51-0658830   1 & 2
   LPS National Flood, LLC   Delaware   75-2597630   5 & 6
   LPS Portfolio Solutions, LLC   Delaware   01-0560689   2 & 3
   ENTITY NAME   JURISDICTION   FEIN   PAGE

07/27/2011

 

	

Lender Processing Services, Inc.

Corporate Organizational Chart
   LPS Property Tax Solutions, Inc.   Delaware   27-3732345   1 & 5
   LPS Real Estate Data Solutions, Inc.   California   95-4237556   4
   LPS Real Estate Group, Inc.   Delaware   68-0626237   5 & 8
   LPS Valuation Solutions, LLC   California   68-0505888   4
   LPS  Verification Bureau, Inc.   Florida   01-0557789   5
   LRT Record Services, Inc.   Texas   75-2366840   7
   LSI Alabama, LLC   Alabama   25-1896393   7
   LSI Appraisal, LLC   Delaware   26-3873003   5
   LSI Maryland, Inc.   Maryland   52-1956911   7
   LSI Title Agency, Inc.   Illinois   90-0172717   7
   LSI Title Agency of Arkansas, LLC   Arkansas   45-2205485   7
   LSI Title Company    California   94-2696070   5 & 7
   ENTITY NAME   JURISDICTION   FEIN   PAGE

07/27/2011

 

	

Lender Processing Services, Inc.

Corporate Organizational Chart
   LSI Title Company of Oregon, LLC   Oregon   94-2696070   7
   LSI Title Insurance Agency of Utah, Inc.   Utah   34-2050114   7
   LSI Title Insurance Agency of Wyoming, LLC   Wyoming   94-2696070   7
   Masterpiece Escrow, Inc.   California   26-0895714   8
   McDash Analytics, LLC   Colorado   61-1527209   4
   National Title Insurance of New York Inc.   New York   11-0627325   5
   NewInvoice, L.L.C.   Georgia   58-2493294   3
   OnePointCity, LLC   Ohio   59-2900658   6
   PCLender.com, Inc.   Nevada   88-0425303   2
   RealEC Technologies, Inc.   Delaware   33-0912302   2
   RealInfo, L.L.C.   Illinois   36-3973379   5
   Softpro, LLC   Delaware   26-3287693   2
   ENTITY NAME   JURISDICTION   FEIN   PAGE

07/27/2011

 

	

Lender Processing Services, Inc.

Corporate Organizational Chart
   True Automation, Inc.   Texas   75-2737469   2
   ENTITY NAME   JURISDICTION   FEIN   PAGE

07/27/2011

 

	

Lender Processing Services, Inc.

Corporate Organizational Chart

   1

4

2

07/27/2011

Lender Processing
Services, Inc.
(DE) 26-1547801

LPS Mortgage
Processing
Solutions, Inc.
(DE) 51-0658830

LPS Property Tax
Solutions, Inc.
(DE) 27-3732345

Lender Processing
Services, LLC
(DE) 27-3732132

LPS IP Holding
Company, LLC
(DE) 51-0658830

LPS Default
Management, LLC
(DE) 27-3732267

LPS Applied
Analytics, LLC
(DE) 27-3732223

5

11

 

	

Lender Processing Services, Inc.

Corporate Organizational Chart

LPS Mortgage
Processing
Solutions, Inc.
(DE) 51-0658830

2

Aptitude
Solutions, Inc.
(FL) 59-3746614

RealEC
Technologies, Inc.
(DE) 33-0912302

LPS
Management, LLC
(DE) 26-1550692

True
Automation, Inc.
(TX)75-2737469

LPS Portfolio
Solutions, LLC.
(DE)01-0560689

Softpro, LLC
(DE) 26-3287693

DOCX, LLC
(GA) 31-1379586

PCLender.com, Inc.
(NV) 88-0425303

1

07/27/2011

3

I-Net
Reinsurance, Ltd.
(Turks and Caicos)
98-0199800

 

	

Lender Processing Services, Inc.

Corporate Organizational Chart

LPS Portfolio
Solutions, LLC
(DE) 01-0560689

   3

NewInvoice, L.L.C.
(GA) 58-2493294

2

07/27/2011

 

	

Lender Processing Services, Inc.

Corporate Organizational Chart

LPS Applied
Analytics, LLC
(DE) 27-3732223

   4

1

07/27/2011

LPS Valuation
Solutions, LLC
(CA) 68-0505888

McDash
Analytics, LLC
(CO) 61-1527209

Espiel, Inc.
(DE)13-3737393

LPS Real Estate
Data Solutions, Inc.
(CA) 95-4237556

 

	

Lender Processing Services, Inc.

Corporate Organizational Chart

LPS Property Tax
Solutions, Inc.
(DE) 27-3732345

   5

RealInfo, L.L.C.
(IL)36-3973379
(50%)

LSI
Appraisal, LLC
(DE) 26-3873003

National Title
Insurance of
New York, Inc.
(NY) 11-0627325

LPS Verification
Bureau, Inc.
(FL) 01-0557789

LPS Real Estate
Group, Inc.
(DE) 68-0626237

LSI Title Company
(CA) 94-2696070

LPS National
Flood, LLC
(DE) 75-2597630

1

6

07/27/2011

7

8

 

	

Lender Processing Services, Inc.

Corporate Organizational Chart

LPS National
Flood, LLC
(DE) 75-2597630

   6

OnePointCity, LLC
(OH) 59-2900658

5

07/27/2011

 

	

Lender Processing Services, Inc.

Corporate Organizational Chart

LSI Title Company
(CA) 94-2696070

7

LSI
Alabama, LLC
(AL) 25-1896393

LSI Title
Agency, Inc.
(IL) 90-0172717

LSI
Maryland, Inc.
(MD) 52-1956911

Lender's Service
Title Agency, Inc.
(OH) 25-1372340

LSI Title Company
of Oregon, LLC
(OR) 94-2696070

LSI Title Insurance
Agency of
Utah, Inc.
(UT) 34-2050114

LSI Title Insurance
Agency of
Wyoming, LLC
(WY) 94-2696070

LRT Record
Services, Inc.
(TX) 75-2366840

5

07/27/2011

LSI Title Agency of
Arkansas, LLC
(AR) 45-2205485

 

	

Lender Processing Services, Inc.

Corporate Organizational Chart

LPS Real Estate
Group, Inc.
(DE) 68-0626237

   8

5

07/27/2011

FNRES License
Holdings, Inc.
(DE) 26-1132304

GO Holdings, Inc.
(DE) 74-3210333

Cyberhomes, LLC
(DE)26-3287693

9

10

Masterpiece
Escrow, Inc.
(CA)26-0895714

 

	

Lender Processing Services, Inc.

Corporate Organizational Chart

FNRES License
Holdings Inc.
(DE) 26-1132304

   9

FNRES Insurance
Services LLC
(DE) 26-1132304

8

07/27/2011

 

	

Lender Processing Services, Inc.

Corporate Organizational Chart

GO Holdings, Inc.
(DE) 74-3210333

 10

Go Apply, LLC
(NV) 06-1638271

8

07/27/2011

 

	

Lender Processing Services, Inc.

Corporate Organizational Chart

LPS Default
Management, LLC
(DE) 27-3732267

 11

1

07/27/2011

LPS Default
Solutions, Inc.
(DE) 01-0560689

LPS Agency Sales
and Posting, Inc.
(CA) 94-2882944

LPS Auction
Solutions, LLC
(DE) 27-1178914

LPS Field
Services, Inc.
(DE) 34-1856603

LPS Asset
Management
Solutions, Inc.
(CO) 84-1477780

 

SCHEDULE 7.01

EXISTING LIENS

	1.	 	Lease documentation related to the leasing of aircraft (including engines and spare and other
related parts) by Lender Processing Services, Inc. existing on the Effective Date or entered
into upon the replacement or substitution of such aircraft including but not limited to that
certain Assignment and Fourth Amendment to Lease and Assumption Agreement for Aircraft Lease
(S/N 258568) between Fidelity National Information Services, Inc. and Lender Processing
Services, Inc.

	2.	 	The equity interests in Masterpiece Escrow, Inc. are subject to restrictions on transfer
pursuant to applicable laws and regulations of the State of California.

	3.	 	Liens identified on the attached chart.

 

 

Existing Liens

	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	Summary	 	 
	 	 	 	 	 	 	File Date &	 	Collateral	 	Additional
	Debtor	 	Jurisdiction	 	Secured Party	 	Number	 	Description	 	Filings
	Fidelity National
Asset Management

	 	Colorado
	 	US Bancorp
	 	01-05-06

#2006F001661
	 	Equipment
	 	N/A
	 
	Fidelity National
Field Services,
Inc.

	 	Delaware
	 	IBM Credit LLC
	 	11-01-06

#2006 3813789
	 	Equipment
	 	N/A
	 
	Fidelity National
Field Services,
Inc.

	 	Florida
	 	American
Preservation
Management LLC
	 	09-16-08

#J08900016685
	 	$5,3291

Judgment Lien
	 	N/A
	 
	FIS Asset
Management
Solutions, Inc.

	 	Colorado
	 	Toshiba Financial
Services
	 	10-04-07

#2007F101480
	 	Equipment
	 	N/A
	 
	LPS National Flood,
LP (f/k/a FIS Flood
Services, L.P.)

	 	Delaware
	 	AT&T Capital
Services, Inc.
	 	02-15-08

#2008 0564516
	 	Equipment
	 	Amendment 
1-21-09
	 
	FNIS Flood
Services, L.P.

	 	Delaware
	 	AT&T Capital
Service, Inc.
	 	11-14-06

#6397368 2
	 	Equipment
	 	Continuation 
6/10/11
	 
	Lender Processing
Services, Inc.
(additional debtor
Fidelity National
Information
Services, Inc.)

	 	Delaware
	 	Banc of America
Leasing & Capital,
LLC
	 	07-01-08

#2008 2254520
	 	Aircraft
	 	N/A
	 
	Lender Processing
Services, Inc.

	 	Delaware
	 	Fidelity National
Capital, Inc.
	 	10-09-08

#2008 3423447
	 	Equipment
	 	N/A
	 
	Lender Processing
Services, Inc.

	 	Delaware
	 	Fidelity National
Capital, Inc.
	 	10-09-08

#2008 3423454
	 	Equipment
	 	N/A

 

			
	1	 	Borrower is in the process of satisfying this judgment lien.

 

 

	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	Summary	 	 
	 	 	 	 	 	 	File Date &	 	Collateral	 	Additional
	Debtor	 	Jurisdiction	 	Secured Party	 	Number	 	Description	 	Filings
	Lender Processing
Services, Inc.

	 	Delaware
	 	Fidelity National
Capital, Inc.
	 	12-02-08

#2008 3994454
	 	Equipment
	 	N/A
	 
	Lender Processing
Services, Inc.

	 	Delaware
	 	Fidelity National
Capital, Inc.
	 	12-02-08

#2008 3994470
	 	Equipment
	 	N/A
	 
	Lender Processing
Services, Inc.

	 	Delaware
	 	Fidelity National
Capital, Inc.
	 	12-02-08

#2008 3994744
	 	Equipment
	 	N/A
	 
	Lender Processing
Services, Inc.

	 	Delaware
	 	Fidelity National
Capital, Inc.
	 	12-02-08

#2008 3994751
	 	Equipment
	 	N/A
	 
	Lender Processing
Services, Inc.

	 	Delaware
	 	Fidelity National
Capital, Inc.
	 	12-02-08

#2008 3994769
	 	Equipment
	 	N/A
	 
	Lender Processing
Service, Inc.

	 	Duval County, Florida
	 	Vystar Credit Union
	 	2-14-11

#2009-CC-007518
	 	Garnishment of
employee wages up
to $7,813.44
	 	N/A
	 
	Lender Processing
Services, Inc.

	 	Delaware
	 	Fifth Third Bank
	 	08-07-09

#2009 2541735
	 	Equipment
	 	Assignment from
Fidelity National
Capital, Inc.
(“FNC”) 

8-26-09

#2009 2869714
	 
	Lender Processing
Services, Inc.

	 	Delaware
	 	Fifth Third Bank
	 	08-07-09

#2009 2541974
	 	Equipment
	 	Assignment from FNC 

8-26-09

#2009 2874490

 

 

	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	Summary	 	 
	 	 	 	 	 	 	File Date &	 	Collateral	 	Additional
	Debtor	 	Jurisdiction	 	Secured Party	 	Number	 	Description	 	Filings
	Lender Processing
Services, Inc.

	 	Delaware
	 	Fifth Third Bank
	 	08-07-09

#2009 2541982
	 	Equipment
	 	Assignment 
from FNC
8-26-09

#2009 2874524
	 
	Lender Processing
Services, Inc.

	 	Delaware
	 	Fifth Third Bank
	 	08-07-09

#2009 2542212
	 	Equipment
	 	Assignment from FNC
8-26-09

#2009 2869821
	 
	Lender Processing
Services, Inc.

	 	Delaware
	 	Fifth Third Bank
	 	08-07-09

#2009 2542220
	 	Equipment
	 	Assignment from FNC
8-26-09

#2009 2874391
	 
	Lender Processing
Services, Inc.

	 	Delaware
	 	Fifth Third Bank
	 	08-10-09

#2009 2547948
	 	Equipment
	 	Assignment from FNC
8-26-09

#2009 2869839
	 
	Lender Processing
Services, Inc.

	 	Delaware
	 	Fifth Third Bank
	 	08-21-09

#2009 2692736
	 	Equipment
	 	Assignment from FNC
8-26-09

#2009 2875067
	 
	Lender Processing
Services, Inc.

	 	Delaware
	 	Fifth Third Bank
	 	08-21-09

#2009 2693320
	 	Equipment
	 	Assignment from FNC
8-26-09

#2009 2874011

 

 

	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	Summary	 	 
	 	 	 	 	 	 	File Date &	 	Collateral	 	Additional
	Debtor	 	Jurisdiction	 	Secured Party	 	Number	 	Description	 	Filings
	Lender Processing
Services, Inc.

	 	Delaware
	 	Fifth Third Bank
	 	08-21-09

#2009 2693544
	 	Equipment
	 	Assignment 

8-26-09

#2009 2869748
	 
	LPS Asset
Management
Solutions, Inc.

	 	Colorado
	 	Wells Fargo
Financial Leasing,
Inc.
	 	10-22-10

#20102068551
	 	Equipment
	 	Amendment to
restate the
Collateral 

11-02-10

#2010 2069461
	 
	LPS Management, LLC

	 	Duval County,
Florida
	 	Florida Telco
Credit Union
	 	4-07-11

#16-2005-CC-004312
	 	Garnishment of
employee wages up
to $10,003.06
	 	N/A
	 
	LPS National Flood,
LP

	 	Delaware
	 	AT&T Capital
Services, Inc.
	 	02-15-08

#2009 0564516
	 	Equipment
	 	Amendment to change
Debtor’s name from
FIS Flood Services,
L.P. 01-21-09

#2009 0194685
	 
	LPS National Flood,
LP

	 	Delaware
	 	AT&T Capital
Services, Inc.
	 	04-08-09

#2009 1114500
	 	Equipment
	 	N/A
	 
	LPS Real Estate
Group, Inc.

	 	Delaware
	 	U.S. Bancorp
Business Equipment
Finance Group
	 	02-19-11

#2011 0628282
	 	Equipment
	 	N/A
	 
	LPS Real Estate
Group, Inc.

	 	Delaware
	 	U.S. Bancorp
Business Equipment
Finance Group
	 	02-22-11

#2010 0637960
	 	Equipment
	 	N/A

 

 

	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	Summary	 	 
	 	 	 	 	 	 	File Date &	 	Collateral	 	Additional
	Debtor	 	Jurisdiction	 	Secured Party	 	Number	 	Description	 	Filings
	PCLender.Com, Inc.

	 	Nevada
	 	Dell Financial
Services, L.L.C.
	 	10-28-09

#2009026033-9
	 	Equipment
	 	N/A
	 
	PCLender.Com, Inc.

	 	Nevada
	 	Dell Financial
Services, L.L.C.
	 	06-23-10

#2010015756-1
	 	Equipment
	 	N/A
	 
	True Automation,
Inc.

	 	Texas
	 	Dell Financial
Services, L.P.
	 	09-26-05

#05-0029956703
	 	Equipment
	 	N/A
	 
	True Automation,
Inc.

	 	Texas
	 	Dell Financial
Services, L.P.
	 	09-28-05

#05-0030194779
	 	Equipment
	 	N/A
	 
	True Automation,
Inc.

	 	Texas
	 	Dell Financial
Services, L.P.
	 	11-01-05

#05-0033904882
	 	Equipment
	 	N/A
	 
	True Automation,
Inc.

	 	Texas
	 	Dell Financial
Services, L.P.
	 	11-29-05

#05-0036549436
	 	Equipment
	 	N/A
	 
	True Automation,
Inc.

	 	Texas
	 	Dell Financial
Services, L.P.
	 	06-13-06

#06-0020096124
	 	Equipment
	 	N/A
	 
	True Automation,
Inc.

	 	Texas
	 	Dell Financial
Services, L.P.
	 	10-02-06

#06-0032740022
	 	Equipment
	 	N/A
	 
	True Automation,
Inc.

	 	Texas
	 	Dell Financial
Services, L.P.
	 	10-06-06

#06-0033381569
	 	Equipment
	 	N/A
	 
	True Automation,
Inc.

	 	Texas
	 	CIT Technology
Financing Services,
Inc.
	 	08-13-10

#10-0023455848
	 	Equipment
	 	N/A

 

 

SCHEDULE 7.02

EXISTING INVESTMENTS

	1.	 	Earnout obligations, as set forth on the attached chart entitled LPS Acquisitions and Accrued
Earn-Out Liability.

	2.	 	Various holdings of bonds, as set forth on attached chart entitled “Portfolio Holdings
Report”, with an aggregate recent market value of approximately $42.2 million.

	3.	 	To the extent constituting Investments, expenditures incurred in connection with the real
property data and analytics expansion project, currently budgeted to be approximately $130
million.

	4.	 	Existing Investments by Loan Parties in Restricted Subsidiaries that are not Loan Parties
as set forth on the attached chart titled “Intercompany Investments in Restricted
Subsidiaries that are not Loan Parties”.

 

 

LPS Acquisitions and Accrued Earn-Out Liability

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	Total Accrued
	Deal	 	2011	 	2012	 	2013	 	Earn-Out Liability
	Acquisition of stock of
PCLender.com, Inc.
	 	$	689,000	 	 	$	958,000	 	 	$	1,309,000	 	 	$	2,956,000	 
	Acquisition of assets of
TerraMetro Data, LLC
	 	$	414,898	 	 	$	760,644	 	 	 	—	 	 	$	1,175,542	 
	Acquisition of stock of
True Automation, Inc.
	 	$	2,891,100	 	 	 	—	 	 	 	—	 	 	$	2,891,100	 

Intercompany Investments in Restricted Subsidiaries that are not Loan Parties

	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	National Title	 	 	 	 
	As of 6/30/11	 	Insurance of New	 	I-Net Reinsurance	 	Masterpiece Escrow,
	USD (000)	 	York Inc.	 	Limited	 	Inc.
	Receivable from
related party
	 	 	 	 	 	 	 	 	 	 	325	 
	Total stockholders’
equity
	 	 	26,884	 	 	 	8,700	 	 	 	 	 

 

 

     

Portfolio Holdings Report

Reported by Lot Detail

Grouped By: Category

National Title Insurance Company Of New York

Holdings as of June 30, 2011 Accounting Date

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	Security Description	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	Int/Div Rate	 	 	 	 	 	Maturity Date	 	Book Value	 	Cost	 	Market / Unit	 	 	 	 	 	 	 	 	 	Estimated Annual	 	Current	 	Market	 	Modified	 	S&P	 	Moodys
	Par or Shares	 	Cusip	 	Lot	 	Option Date	 	Trade Date	 	Settlement Date	 	Pricing Date	 	Market Value	 	% of Type	 	Income	 	Yield	 	YTM	 	Duration	 	Rating	 	Rating
	Bond — Corporate	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	500,000.00	 	 	AT&T INC DTD 07/30/10 2.500 08/15/	 	 	506,366.81	 	 	 	506,580.00	 	 	 	101.30100	 	 	 	506,505.00	 	 	 	2.66	%	 	 	7,951.39	 	 	 	2.468	 	 	 	2.168	 	 	 	3.86898	 	 	 	A-	 	 	 	A2	 
	 	 	 	 	2.50000
	 	 	 	 	 	 	08/15/2015	 	 	 	05/09/2011	 	 	 	05/12/2011	 	 	 	06/30/2011	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	00206R-AV-4
	 	 	1	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	100,000.00	 	 	AMERICAN HONDA FINANCE 144A PRIV P	 	 	103,475.48	 	 	 	103,964.00	 	 	 	105.31400	 	 	 	105,314.00	 	 	 	0.55	%	 	 	3,500.00	 	 	 	3.323	 	 	 	2.006	 	 	 	3.45153	 	 	 	A+	 	 	 	A1	 
	 	 	 	 	3.50000
	 	 	 	 	 	 	03/16/2015	 	 	 	12/13/2010	 	 	 	12/16/2010	 	 	 	06/30/2011	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	02666Q-F4-0
	 	 	1	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	200,000.00	 	 	AMGEN INC DTD 01/16/09 5.700 02/01	 	 	236,275.67	 	 	 	239,542.00	 	 	 	113.25100	 	 	 	226,502.00	 	 	 	1.19	%	 	 	11,400.00	 	 	 	5.033	 	 	 	3.682	 	 	 	6.11642	 	 	 	A+	 	 	 	A3	 
	 	 	 	 	5.70000
	 	 	 	 	 	 	02/01/2019	 	 	 	09/22/2010	 	 	 	09/27/2010	 	 	 	06/30/2011	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	031162-AZ-3
	 	 	1	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	400,000.00	 	 	BB&T CORPORATION MED TERM NOTE	 	 	411,589.49	 	 	 	419,880.00	 	 	 	103.28900	 	 	 	413,156.00	 	 	 	2.17	%	 	 	15,400.00	 	 	 	3.727	 	 	 	0.771	 	 	 	1.04351	 	 	 	A	 	 	 	A2	 
	 	 	 	 	3.85000
	 	 	 	 	 	 	07/27/2012	 	 	 	09/22/2010	 	 	 	09/27/2010	 	 	 	06/30/2011	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	05531F-AC-7
	 	 	1	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	400,000.00	 	 	BANK OF AMERICA CORP DTD 12/04/07	 	 	425,691.26	 	 	 	428,320.00	 	 	 	106.32800	 	 	 	425,312.00	 	 	 	2.24	%	 	 	23,000.00	 	 	 	5.408	 	 	 	4.600	 	 	 	5.34670	 	 	 	A	 	 	 	A2	 
	 	 	 	 	5.75000
	 	 	 	 	 	 	12/01/2017	 	 	 	09/22/2010	 	 	 	09/27/2010	 	 	 	06/30/2011	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	060505-DP-6
	 	 	1	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	500,000.00	 	 	BANK OF NEW YORK MELLON DTD 05/12/
	 	 	554,264.72	 	 	 	556,500.00	 	 	 	110.91300	 	 	 	554,565.00	 	 	 	2.92	%	 	 	23,768.06	 	 	 	4.914	 	 	 	3.831	 	 	 	6.42676	 	 	AA-	 	 	AA2	 
	 	 	 	 	5.45000
	 	 	 	 	 	 	05/15/2019	 	 	 	02/14/2011	 	 	 	02/17/2011	 	 	 	06/30/2011	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	06406H-BM-0
	 	 	1	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	500,000.00	 	 	BANK OF NEW YORK MELLON MED TERM N
	 	 	517,208.26	 	 	 	517,845.00	 	 	 	104.16500	 	 	 	520,825.00	 	 	 	2.74	%	 	 	20,061.11	 	 	 	4.416	 	 	 	4.019	 	 	 	6.91139	 	 	AA-	 	 	AA2	 
	 	 	 	 	4.60000
	 	 	 	 	 	 	01/15/2020	 	 	 	02/14/2011	 	 	 	02/17/2011	 	 	 	06/30/2011	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	06406H-BP-3
	 	 	1	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	125,000.00	 	 	BAXTER INTL DTD 08/08/06 5.900 09/	 	 	144,376.41	 	 	 	145,612.50	 	 	 	117.19900	 	 	 	146,498.75	 	 	 	0.77	%	 	 	6,207.29	 	 	 	5.034	 	 	 	2.347	 	 	 	4.46196	 	 	 	A+	 	 	 	A3	 
	 	 	 	 	5.90000
	 	 	 	 	 	 	09/01/2016	 	 	 	02/23/2011	 	 	 	02/28/2011	 	 	 	06/30/2011	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	071813-AW-9
	 	 	1	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	500,000.00	 	 	BEAR STEARNS COS LLC MED TERM NOTE	 	 	487,995.52	 	 	 	487,750.00	 	 	 	95.72400	 	 	 	478,620.00	 	 	 	2.52	%	 	 	1,945.50	 	 	 	0.677	 	 	 	1.476	 	 	 	5.26228	 	 	 	A+	 	 	 	AA3	 
	 	 	 	 	0.64850
	 	 	 	 	 	 	11/21/2016	 	 	 	05/20/2011	 	 	 	05/25/2011	 	 	 	06/30/2011	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	073928-S4-6
	 	 	1	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 

			
	 	 	 
	Run Date: 7/11/2011
	 	Page 1
	Time: 2:44:22PM	 	 

 

 

     

National Title Insurance Company Of New York

(Continued)

Holdings as of June 30, 2011 Accounting Date

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	Security Description	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	Int/Div Rate	 	 	 	 	 	Maturity Date	 	Book Value	 	Cost	 	Market / Unit	 	 	 	 	 	 	 	 	 	Estimated Annual	 	Current	 	Market	 	Modified	 	S&P	 	Moodys
	Par or Shares	 	Cusip	 	Lot	 	Option Date	 	Trade Date	 	Settlement Date	 	Pricing Date	 	Market Value	 	% of Type	 	Income	 	Yield	 	YTM	 	Duration	 	Rating	 	Rating
	 	150,000.00	 	 	BEAR STERNS 6.95% 08/10/2012	 	 	151,113.72	 	 	 	153,405.00	 	 	 	106.76100	 	 	 	160,141.50	 	 	 	0.84	%	 	 	10,425.00	 	 	 	6.510	 	 	 	0.824	 	 	 	1.05924	 	 	 	A+	 	 	 	AA3	 
	 	 	 	 	6.95000
	 	 	 	 	 	 	08/10/2012	 	 	 	12/15/2008	 	 	 	12/18/2008	 	 	 	06/30/2011	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	073928-X7-3
	 	 	1	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	400,000.00	 	 	BERKSHIRE HATHAWAY FIN CORP DTD 01
	 	 	442,303.98	 	 	 	451,228.00	 	 	 	110.40300	 	 	 	441,612.00	 	 	 	2.32	%	 	 	19,400.00	 	 	 	4.393	 	 	 	1.804	 	 	 	3.21676	 	 	AA+	 	 	AA2	 
	 	 	 	 	4.85000
	 	 	 	 	 	 	01/15/2015	 	 	 	09/22/2010	 	 	 	09/27/2010	 	 	 	06/30/2011	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	084664-AT-8
	 	 	1	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	300,000.00	 	 	BERKSHIRE HATHAWAY FIN DTD 08/06/0
	 	 	322,826.83	 	 	 	326,847.60	 	 	 	108.00700	 	 	 	324,021.00	 	 	 	1.70	%	 	 	13,083.33	 	 	 	4.629	 	 	 	1.173	 	 	 	2.00033	 	 	AA+	 	 	AA2	 
	 	 	 	 	5.00000
	 	 	 	 	 	 	08/15/2013	 	 	 	02/14/2011	 	 	 	02/17/2011	 	 	 	06/30/2011	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	084664-BG-5
	 	 	1	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	500,000.00	 	 	BRISTOL MYERS SQUIBB CO DTD 02/15/	 	 	541,299.27	 	 	 	548,579.50	 	 	 	109.29000	 	 	 	546,450.00	 	 	 	2.87	%	 	 	22,895.83	 	 	 	4.804	 	 	 	0.830	 	 	 	1.99934	 	 	 	A+	 	 	 	A2	 
	 	 	 	 	5.25000
	 	 	 	 	 	 	08/15/2013	 	 	 	02/14/2011	 	 	 	02/17/2011	 	 	 	06/30/2011	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	110122-AL-2
	 	 	1	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	300,000.00	 	 	CATERPILLAR FIN SERV CRP MED TERM	 	 	332,995.50	 	 	 	344,160.00	 	 	 	111.27700	 	 	 	333,831.00	 	 	 	1.76	%	 	 	18,600.00	 	 	 	5.572	 	 	 	1.110	 	 	 	2.10209	 	 	 	A	 	 	 	A2	 
	 	 	 	 	6.20000
	 	 	 	 	 	 	09/30/2013	 	 	 	09/22/2010	 	 	 	09/27/2010	 	 	 	06/30/2011	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	14912L-4C-2
	 	 	1	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	400,000.00	 	 	CISCO SYSTEMS INC DTD 02/22/06 5.5	 	 	450,836.44	 	 	 	454,480.00	 	 	 	113.70100	 	 	 	454,804.00	 	 	 	2.39	%	 	 	18,516.67	 	 	 	4.837	 	 	 	2.367	 	 	 	4.07929	 	 	 	A+	 	 	 	A1	 
	 	 	 	 	5.50000
	 	 	 	 	 	 	02/22/2016	 	 	 	02/23/2011	 	 	 	02/28/2011	 	 	 	06/30/2011	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	17275R-AC-6
	 	 	1	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	50,000.00	 	 	CITIGROUP INC DTD 06/28/06 5.850 0	 	 	53,154.45	 	 	 	53,993.00	 	 	 	107.17600	 	 	 	53,588.00	 	 	 	0.28	%	 	 	2,925.00	 	 	 	5.458	 	 	 	2.174	 	 	 	1.85397	 	 	 	A	 	 	 	A3	 
	 	 	 	 	5.85000
	 	 	 	 	 	 	07/02/2013	 	 	 	12/13/2010	 	 	 	12/16/2010	 	 	 	06/30/2011	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	172967-DP-3
	 	 	1	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	200,000.00	 	 	CITIGROUP INC DTD 12/15/09 6.010 0	 	 	218,474.46	 	 	 	220,300.00	 	 	 	110.04400	 	 	 	220,088.00	 	 	 	1.16	%	 	 	10,283.78	 	 	 	5.461	 	 	 	2.999	 	 	 	3.13299	 	 	 	A	 	 	 	A3	 
	 	 	 	 	6.01000
	 	 	 	 	 	 	01/15/2015	 	 	 	02/17/2011	 	 	 	02/23/2011	 	 	 	06/30/2011	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	172967-FA-4
	 	 	1	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	300,000.00	 	 	COCA-COLA CO DTD 03/06/09 3.625 03	 	 	318,860.84	 	 	 	324,144.00	 	 	 	106.59500	 	 	 	319,785.00	 	 	 	1.68	%	 	 	10,875.00	 	 	 	3.401	 	 	 	1.145	 	 	 	2.56861	 	 	 	A+	 	 	 	AA3	 
	 	 	 	 	3.62500
	 	 	 	 	 	 	03/15/2014	 	 	 	09/22/2010	 	 	 	09/27/2010	 	 	 	06/30/2011	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	191216-AL-4
	 	 	1	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	400,000.00	 	 	CONOCOPHILLIPS DTD 05/21/09 4.600	 	 	441,715.44	 	 	 	450,552.00	 	 	 	110.45500	 	 	 	441,820.00	 	 	 	2.32	%	 	 	18,400.00	 	 	 	4.165	 	 	 	1.554	 	 	 	3.23502	 	 	 	A	 	 	 	A1	 
	 	 	 	 	4.60000
	 	 	 	 	 	 	01/15/2015	 	 	 	09/22/2010	 	 	 	09/27/2010	 	 	 	06/30/2011	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	20825C-AT-1
	 	 	1	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	400,000.00	 	 	JOHN DEERE CAPITAL CORP MED TERM N	 	 	421,931.12	 	 	 	435,408.00	 	 	 	105.69800	 	 	 	422,792.00	 	 	 	2.22	%	 	 	21,000.00	 	 	 	4.967	 	 	 	0.674	 	 	 	1.21200	 	 	 	A	 	 	 	A2	 
	 	 	 	 	5.25000
	 	 	 	 	 	 	10/01/2012	 	 	 	09/22/2010	 	 	 	09/27/2010	 	 	 	06/30/2011	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	24422E-QW-2
	 	 	1	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	400,000.00	 	 	DELL INC DTD 09/10/10 2.300 09/10/	 	 	402,144.55	 	 	 	402,520.00	 	 	 	100.40400	 	 	 	401,616.00	 	 	 	2.11	%	 	 	9,200.00	 	 	 	2.291	 	 	 	2.198	 	 	 	3.95223	 	 	 	A-	 	 	 	A2	 
	 	 	 	 	2.30000
	 	 	 	 	 	 	09/10/2015	 	 	 	09/22/2010	 	 	 	09/27/2010	 	 	 	06/30/2011	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	24702R-AL-5
	 	 	1	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 

			
	 	 	 
	Run Date: 7/11/2011
	 	Page 2
	Time: 2:44:22PM	 	 

 

 

     

National Title Insurance Company Of New York

(Continued)

Holdings as of June 30, 2011 Accounting Date

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	Security Description	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	Int/Div Rate	 	 	 	 	 	Maturity Date	 	Book Value	 	Cost	 	Market / Unit	 	 	 	 	 	 	 	 	 	Estimated Annual	 	Current	 	Market	 	Modified	 	S&P	 	Moodys
	Par or Shares	 	Cusip	 	Lot	 	Option Date	 	Trade Date	 	Settlement Date	 	Pricing Date	 	Market Value	 	% of Type	 	Income	 	Yield	 	YTM	 	Duration	 	Rating	 	Rating
	 	200,000.00	 	 	WALT DISNEY COMPANY MED TERM NOTE	 	 	235,490.15	 	 	 	240,460.00	 	 	 	115.85500	 	 	 	231,710.00	 	 	 	1.22	%	 	 	11,250.00	 	 	 	4.855	 	 	 	2.370	 	 	 	4.52218	 	 	 	A	 	 	 	A2	 
	 	 	 	 	5.62500
	 	 	 	 	 	 	09/15/2016	 	 	 	09/22/2010	 	 	 	09/27/2010	 	 	 	06/30/2011	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	25468P-CE-4
	 	 	1	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	200,000.00	 	 	E.I. DU PONT DE NEMOURS DTD 12/15/	 	 	223,422.69	 	 	 	225,584.00	 	 	 	113.03400	 	 	 	226,068.00	 	 	 	1.19	%	 	 	10,500.00	 	 	 	4.645	 	 	 	2.668	 	 	 	4.78897	 	 	 	A	 	 	 	A2	 
	 	 	 	 	5.25000
	 	 	 	 	 	 	12/15/2016	 	 	 	12/13/2010	 	 	 	12/16/2010	 	 	 	06/30/2011	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	263534-BQ-1
	 	 	1	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	150,000.00	 	 	ELEC DE FRANCE 5.5% 01/26/14	 	 	149,674.05	 	 	 	149,404.50	 	 	 	109.88500	 	 	 	164,827.50	 	 	 	0.87	%	 	 	8,250.00	 	 	 	5.005	 	 	 	1.564	 	 	 	2.37201	 	 	 	A+	 	 	 	AA3	 
	 	 	 	 	5.50000
	 	 	 	 	 	 	01/26/2014	 	 	 	01/22/2009	 	 	 	01/26/2009	 	 	 	06/30/2011	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	268317-AA-2
	 	 	1	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	350,000.00	 	 	FRANKLIN RESOURCES INC DTD 05/20/1
	 	 	355,991.02	 	 	 	358,417.50	 	 	 	101.63800	 	 	 	355,733.00	 	 	 	1.87	%	 	 	7,000.00	 	 	 	1.968	 	 	 	1.121	 	 	 	1.84931	 	 	AA-	 	 	A1	 
	 	 	 	 	2.00000
	 	 	 	 	 	 	05/20/2013	 	 	 	09/22/2010	 	 	 	09/27/2010	 	 	 	06/30/2011	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	354613-AE-1
	 	 	1	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	200,000.00	 	 	GENENTECH INC (USA) DTD 07/18/05 4
	 	 	216,172.72	 	 	 	217,580.00	 	 	 	110.22500	 	 	 	220,450.00	 	 	 	1.16	%	 	 	8,127.78	 	 	 	4.309	 	 	 	2.098	 	 	 	3.63262	 	 	AA-	 	WR
	 	 	 	 	4.75000
	 	 	 	 	 	 	07/15/2015	 	 	 	02/17/2011	 	 	 	02/23/2011	 	 	 	06/30/2011	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	368710-AG-4
	 	 	1	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	150,000.00	 	 	GENERAL ELEC CAP CORP MED TERM NOT
	 	 	161,240.28	 	 	 	162,214.50	 	 	 	109.35600	 	 	 	164,034.00	 	 	 	0.86	%	 	 	8,100.00	 	 	 	4.938	 	 	 	3.550	 	 	 	4.78810	 	 	AA+	 	 	AA2	 
	 	 	 	 	5.40000
	 	 	 	 	 	 	02/15/2017	 	 	 	12/13/2010	 	 	 	12/16/2010	 	 	 	06/30/2011	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	36962G-2G-8
	 	 	1	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	400,000.00	 	 	GENERAL ELEC CAP CORP DTD 04/21/08
	 	 	423,135.46	 	 	 	432,712.00	 	 	 	106.18800	 	 	 	424,752.00	 	 	 	2.23	%	 	 	19,200.00	 	 	 	4.520	 	 	 	1.375	 	 	 	1.75734	 	 	AA+	 	 	AA2	 
	 	 	 	 	4.80000
	 	 	 	 	 	 	05/01/2013	 	 	 	09/22/2010	 	 	 	09/27/2010	 	 	 	06/30/2011	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	36962G-3T-9
	 	 	1	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	500,000.00	 	 	GENERAL ELEC CAP CORP DTD 01/07/11
	 	 	504,555.68	 	 	 	504,765.00	 	 	 	100.57000	 	 	 	502,850.00	 	 	 	2.64	%	 	 	3,447.89	 	 	 	1.138	 	 	 	0.915	 	 	 	2.46601	 	 	AA+	 	 	AA2	 
	 	 	 	 	1.14400
	 	 	 	 	 	 	01/07/2014	 	 	 	05/19/2011	 	 	 	05/24/2011	 	 	 	06/30/2011	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	36962G-4W-1
	 	 	1	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	200,000.00	 	 	GENERAL ELEC CAP 5.375% 10/20/16
	 	 	199,607.67	 	 	 	199,426.00	 	 	 	110.15800	 	 	 	220,316.00	 	 	 	1.16	%	 	 	10,750.00	 	 	 	4.879	 	 	 	3.273	 	 	 	4.60297	 	 	AA+	 	 	AA2	 
	 	 	 	 	5.37500
	 	 	 	 	 	 	10/20/2016	 	 	 	06/02/2008	 	 	 	06/05/2008	 	 	 	06/30/2011	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	36962G-Y4-0
	 	 	1	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	320,000.00	 	 	GENERAL ELEC CAP CORP DTD 06/07/02
	 	 	334,659.60	 	 	 	343,020.80	 	 	 	105.14500	 	 	 	336,464.00	 	 	 	1.77	%	 	 	19,200.00	 	 	 	5.706	 	 	 	0.607	 	 	 	0.94128	 	 	AA+	 	 	AA2	 
	 	 	 	 	6.00000
	 	 	 	 	 	 	06/15/2012	 	 	 	12/13/2010	 	 	 	12/16/2010	 	 	 	06/30/2011	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	36962G-YY-4
	 	 	1	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	250,000.00	 	 	GLAXOSMITHKLINE CAPITAL DTD 05/13/	 	 	278,902.89	 	 	 	279,837.50	 	 	 	114.06300	 	 	 	285,157.50	 	 	 	1.50	%	 	 	10,083.68	 	 	 	4.953	 	 	 	3.343	 	 	 	5.74245	 	 	 	A+	 	 	 	A1	 
	 	 	 	 	5.65000
	 	 	 	 	 	 	05/15/2018	 	 	 	04/11/2011	 	 	 	04/14/2011	 	 	 	06/30/2011	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	377372-AD-9
	 	 	1	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	350,000.00	 	 	GOLDMAN SACHS GROUP INC DTD 02/05/	 	 	410,991.70	 	 	 	416,055.50	 	 	 	116.35400	 	 	 	407,239.00	 	 	 	2.14	%	 	 	26,250.00	 	 	 	6.446	 	 	 	4.902	 	 	 	5.80025	 	 	 	A	 	 	 	A1	 
	 	 	 	 	7.50000
	 	 	 	 	 	 	02/15/2019	 	 	 	09/22/2010	 	 	 	09/27/2010	 	 	 	06/30/2011	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	38141E-A2-5
	 	 	1	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 

			
	 	 	 
	Run Date: 7/11/2011
	 	Page 3
	Time: 2:44:22PM	 	 

 

 

     

National Title Insurance Company Of New York

(Continued)

Holdings as of June 30, 2011 Accounting Date

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	Security Description	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	Int/Div Rate	 	 	 	 	 	Maturity Date	 	Book Value	 	Cost	 	Market / Unit	 	 	 	 	 	 	 	 	 	Estimated Annual	 	Current	 	Market	 	Modified	 	S&P	 	Moodys
	Par or Shares	 	Cusip	 	Lot	 	Option Date	 	Trade Date	 	Settlement Date	 	Pricing Date	 	Market Value	 	% of Type	 	Income	 	Yield	 	YTM	 	Duration	 	Rating	 	Rating
	 	200,000.00	 	 	JOHN HANCOCK GLOBAL 5.25% 02/25/15
	 	 	200,931.24	 	 	 	201,594.00	 	 	 	109.10900	 	 	 	218,218.00	 	 	 	1.15	%	 	 	10,500.00	 	 	 	4.812	 	 	 	2.618	 	 	 	3.28816	 	 	AA-	 	 	A1	 
	 	 	 	 	5.25000
	 	 	 	 	 	 	02/25/2015	 	 	 	06/02/2008	 	 	 	06/05/2008	 	 	 	06/30/2011	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	41011W-BJ-8
	 	 	1	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	150,000.00	 	 	HEINZ H J FIN CO 6.625% 07/15/11
	 	 	150,138.99	 	 	 	158,355.00	 	 	 	100.15400	 	 	 	150,231.00	 	 	 	0.79	%	 	 	5,355.21	 	 	 	6.615	 	 	 	2.857	 	 	 	0.04108	 	 	BBB	 	 	BAA2	 
	 	 	 	 	6.62500
	 	 	 	 	 	 	07/15/2011	 	 	 	01/21/2009	 	 	 	01/26/2009	 	 	 	06/30/2011	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	42307T-AC-2
	 	 	1	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	150,000.00	 	 	HEWLETT PACKARD 6.125% 3/01/14	 	 	149,638.86	 	 	 	149,341.50	 	 	 	112.17600	 	 	 	168,264.00	 	 	 	0.88	%	 	 	9,187.50	 	 	 	5.460	 	 	 	1.457	 	 	 	2.45287	 	 	 	A	 	 	 	A2	 
	 	 	 	 	6.12500
	 	 	 	 	 	 	03/01/2014	 	 	 	12/02/2008	 	 	 	12/05/2008	 	 	 	06/30/2011	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	428236-AT-0
	 	 	1	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	400,000.00	 	 	IBM INTL GROUP CAPITAL DTD 10/22/0	 	 	422,522.00	 	 	 	435,760.00	 	 	 	105.86900	 	 	 	423,476.00	 	 	 	2.23	%	 	 	20,200.00	 	 	 	4.770	 	 	 	0.551	 	 	 	1.27225	 	 	 	A+	 	 	 	AA3	 
	 	 	 	 	5.05000
	 	 	 	 	 	 	10/22/2012	 	 	 	09/22/2010	 	 	 	09/27/2010	 	 	 	06/30/2011	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	44924E-AB-6
	 	 	1	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	385,000.00	 	 	IBM CORPORATION DTD 10/15/08 7.625	 	 	483,395.64	 	 	 	489,700.75	 	 	 	127.18300	 	 	 	489,654.55	 	 	 	2.58	%	 	 	29,356.25	 	 	 	5.995	 	 	 	3.385	 	 	 	5.76063	 	 	 	A+	 	 	 	AA3	 
	 	 	 	 	7.62500
	 	 	 	 	 	 	10/15/2018	 	 	 	12/17/2010	 	 	 	12/22/2010	 	 	 	06/30/2011	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	459200-GM-7
	 	 	1	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	150,000.00	 	 	MCCORMICK & CO INC 5.8% 07/15/11	 	 	150,151.91	 	 	 	159,247.50	 	 	 	100.15100	 	 	 	150,226.50	 	 	 	0.79	%	 	 	4,688.33	 	 	 	5.791	 	 	 	2.127	 	 	 	0.04123	 	 	 	A-	 	 	 	A2	 
	 	 	 	 	5.80000
	 	 	 	 	 	 	07/15/2011	 	 	 	01/23/2009	 	 	 	01/28/2009	 	 	 	06/30/2011	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	579780-AE-7
	 	 	1	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	400,000.00	 	 	MCDONALD’S CORP DTD 10/18/07 5.800	 	 	459,648.00	 	 	 	464,324.00	 	 	 	117.35700	 	 	 	469,428.00	 	 	 	2.47	%	 	 	23,200.00	 	 	 	4.942	 	 	 	2.774	 	 	 	5.31753	 	 	 	A	 	 	 	A2	 
	 	 	 	 	5.80000
	 	 	 	 	 	 	10/15/2017	 	 	 	12/13/2010	 	 	 	12/16/2010	 	 	 	06/30/2011	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	58013M-EB-6
	 	 	1	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	400,000.00	 	 	MERCK & CO INC DTD 06/25/09 5.000
	 	 	443,552.44	 	 	 	446,136.00	 	 	 	110.67700	 	 	 	442,708.00	 	 	 	2.33	%	 	 	20,000.00	 	 	 	4.518	 	 	 	3.461	 	 	 	6.65277	 	 	AA	 	 	AA3	 
	 	 	 	 	5.00000
	 	 	 	 	 	 	06/30/2019	 	 	 	12/13/2010	 	 	 	12/16/2010	 	 	 	06/30/2011	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	589331-AN-7
	 	 	1	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	150,000.00	 	 	METLIFE INC 5.5% 06/15/14	 	 	151,838.29	 	 	 	154,720.50	 	 	 	110.04000	 	 	 	165,060.00	 	 	 	0.87	%	 	 	8,250.00	 	 	 	4.998	 	 	 	1.988	 	 	 	2.74808	 	 	 	A-	 	 	 	A3	 
	 	 	 	 	5.50000
	 	 	 	 	 	 	06/15/2014	 	 	 	10/04/2005	 	 	 	10/07/2005	 	 	 	06/30/2011	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	59156R-AH-1
	 	 	1	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	150,000.00	 	 	MICROSOFT CORP
	 	 	149,912.51	 	 	 	149,853.00	 	 	 	105.68300	 	 	 	158,524.50	 	 	 	0.83	%	 	 	4,425.00	 	 	 	2.791	 	 	 	0.971	 	 	 	2.80249	 	 	AAA	 	AAA
	 	 	 	 	2.95000
	 	 	 	 	 	 	06/01/2014	 	 	 	05/11/2009	 	 	 	05/14/2009	 	 	 	06/30/2011	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	594918-AB-0
	 	 	1	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	400,000.00	 	 	MORGAN STANLEY DTD 02/26/03 5.300	 	 	421,613.16	 	 	 	431,416.00	 	 	 	105.73100	 	 	 	422,924.00	 	 	 	2.22	%	 	 	21,200.00	 	 	 	5.013	 	 	 	1.798	 	 	 	1.58192	 	 	 	A	 	 	 	A2	 
	 	 	 	 	5.30000
	 	 	 	 	 	 	03/01/2013	 	 	 	09/22/2010	 	 	 	09/27/2010	 	 	 	06/30/2011	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	617446-HR-3
	 	 	1	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	330,000.00	 	 	MORGAN STANLEY FOR EQUITY ISSUES S	 	 	318,998.76	 	 	 	318,450.00	 	 	 	94.65400	 	 	 	312,358.20	 	 	 	1.64	%	 	 	1,844.17	 	 	 	0.827	 	 	 	2.092	 	 	 	4.17590	 	 	 	A	 	 	 	A2	 
	 	 	 	 	0.78281
	 	 	 	 	 	 	10/15/2015	 	 	 	04/11/2011	 	 	 	04/14/2011	 	 	 	06/30/2011	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	61746S-BQ-1
	 	 	1	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 

			
	 	 	 
	Run Date: 7/11/2011
	 	Page 4
	Time: 2:44:22PM	 	 

 

 

     

National Title Insurance Company Of New York

(Continued)

Holdings as of June 30, 2011 Accounting Date

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	Security Description	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	Int/Div Rate	 	 	 	 	 	Maturity Date	 	Book Value	 	Cost	 	Market / Unit	 	 	 	 	 	 	 	 	 	Estimated Annual	 	Current	 	Market	 	Modified	 	S&P	 	Moodys
	Par or Shares	 	Cusip	 	Lot	 	Option Date	 	Trade Date	 	Settlement Date	 	Pricing Date	 	Market Value	 	% of Type	 	Income	 	Yield	 	YTM	 	Duration	 	Rating	 	Rating
	 	150,000.00	 	 	NORTHN STS PWR 8% 08/28/12	 	 	156,273.70	 	 	 	168,456.00	 	 	 	108.19100	 	 	 	162,286.50	 	 	 	0.85	%	 	 	12,000.00	 	 	 	7.394	 	 	 	0.892	 	 	 	1.10225	 	 	 	A	 	 	 	A1	 
	 	 	 	 	8.00000
	 	 	 	 	 	 	08/28/2012	 	 	 	01/22/2009	 	 	 	01/27/2009	 	 	 	06/30/2011	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	665772-BW-8
	 	 	1	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	300,000.00	 	 	ORACLE CORP DTD 04/09/08 4.950 04/	 	 	319,774.48	 	 	 	323,925.00	 	 	 	107.28500	 	 	 	321,855.00	 	 	 	1.69	%	 	 	12,952.50	 	 	 	4.614	 	 	 	0.844	 	 	 	1.71624	 	 	 	A	 	 	 	A1	 
	 	 	 	 	4.95000
	 	 	 	 	 	 	04/15/2013	 	 	 	02/14/2011	 	 	 	02/17/2011	 	 	 	06/30/2011	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	68389X-AD-7
	 	 	1	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	400,000.00	 	 	PNC FUNDING CORP DTD 06/09/09 5.40	 	 	438,033.17	 	 	 	447,648.00	 	 	 	110.34200	 	 	 	441,368.00	 	 	 	2.32	%	 	 	21,600.00	 	 	 	4.894	 	 	 	1.779	 	 	 	2.74060	 	 	 	A	 	 	 	A3	 
	 	 	 	 	5.40000
	 	 	 	 	 	 	06/10/2014	 	 	 	09/23/2010	 	 	 	09/28/2010	 	 	 	06/30/2011	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	693476-BE-2
	 	 	1	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	500,000.00	 	 	PROCTER & GAMBLE CO DTD 08/10/04 5
	 	 	554,271.98	 	 	 	554,930.00	 	 	 	110.75100	 	 	 	553,755.00	 	 	 	2.91	%	 	 	29,000.00	 	 	 	5.237	 	 	 	5.009	 	 	 	12.94598	 	 	AA-	 	 	AA3	 
	 	 	 	 	5.80000
	 	 	 	 	 	 	08/15/2034	 	 	 	12/20/2010	 	 	 	12/23/2010	 	 	 	06/30/2011	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	742718-DB-2
	 	 	1	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	100,000.00	 	 	PROCTER & GAMBLE CO DTD 02/06/09 4
	 	 	108,582.07	 	 	 	109,120.00	 	 	 	110.35400	 	 	 	110,354.00	 	 	 	0.58	%	 	 	4,700.00	 	 	 	4.259	 	 	 	3.161	 	 	 	6.35833	 	 	AA-	 	 	AA3	 
	 	 	 	 	4.70000
	 	 	 	 	 	 	02/15/2019	 	 	 	12/13/2010	 	 	 	12/16/2010	 	 	 	06/30/2011	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	742718-DN-6
	 	 	1	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	400,000.00	 	 	SBC COMMUNICATIONS DTD 11/03/04 5.	 	 	433,304.99	 	 	 	438,768.00	 	 	 	109.89400	 	 	 	439,576.00	 	 	 	2.31	%	 	 	20,400.00	 	 	 	4.641	 	 	 	1.905	 	 	 	2.94457	 	 	 	A-	 	 	 	A2	 
	 	 	 	 	5.10000
	 	 	 	 	 	 	09/15/2014	 	 	 	12/13/2010	 	 	 	12/16/2010	 	 	 	06/30/2011	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	78387G-AP-8
	 	 	1	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	150,000.00	 	 	SCHERING-PLOUGH 5.30% 12/01/13
	 	 	155,466.76	 	 	 	159,681.00	 	 	 	110.57400	 	 	 	165,861.00	 	 	 	0.87	%	 	 	7,950.00	 	 	 	4.793	 	 	 	0.873	 	 	 	2.29102	 	 	AA	 	 	AA3	 
	 	 	 	 	5.30000
	 	 	 	 	 	 	12/01/2013	 	 	 	06/23/2009	 	 	 	06/26/2009	 	 	 	06/30/2011	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	806605-AE-1
	 	 	1	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	200,000.00	 	 	TOYOTA MOTOR CREDIT CORP DTD 06/17
	 	 	210,425.77	 	 	 	212,380.00	 	 	 	103.93100	 	 	 	207,862.00	 	 	 	1.09	%	 	 	6,400.00	 	 	 	3.079	 	 	 	2.160	 	 	 	3.71511	 	 	AA-	 	 	AA3	 
	 	 	 	 	3.20000
	 	 	 	 	 	 	06/17/2015	 	 	 	09/22/2010	 	 	 	09/27/2010	 	 	 	06/30/2011	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	89233P-4B-9
	 	 	1	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	160,000.00	 	 	UNILEVER CAP CORP 3.65% 02/15/14	 	 	159,884.76	 	 	 	159,788.80	 	 	 	106.43200	 	 	 	170,291.20	 	 	 	0.90	%	 	 	5,840.00	 	 	 	3.429	 	 	 	1.155	 	 	 	2.48483	 	 	 	A+	 	 	 	A1	 
	 	 	 	 	3.65000
	 	 	 	 	 	 	02/15/2014	 	 	 	02/09/2009	 	 	 	02/12/2009	 	 	 	06/30/2011	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	904764-AJ-6
	 	 	1	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	150,000.00	 	 	UNITED PARCEL SERVICE DTD 01/15/08
	 	 	168,819.33	 	 	 	170,224.50	 	 	 	113.39600	 	 	 	170,094.00	 	 	 	0.89	%	 	 	8,250.00	 	 	 	4.850	 	 	 	3.213	 	 	 	5.44155	 	 	AA-	 	 	AA3	 
	 	 	 	 	5.50000
	 	 	 	 	 	 	01/15/2018	 	 	 	12/13/2010	 	 	 	12/16/2010	 	 	 	06/30/2011	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	911312-AH-9
	 	 	1	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	400,000.00	 	 	US BANCORP MED TERM NOTE	 	 	401,307.83	 	 	 	401,760.00	 	 	 	100.45300	 	 	 	401,812.00	 	 	 	2.11	%	 	 	5,500.00	 	 	 	1.369	 	 	 	1.166	 	 	 	2.15640	 	 	 	A+	 	 	 	AA3	 
	 	 	 	 	1.37500
	 	 	 	 	 	 	09/13/2013	 	 	 	09/22/2010	 	 	 	09/27/2010	 	 	 	06/30/2011	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	91159H-GY-0
	 	 	1	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	400,000.00	 	 	WAL-MART STORES INC DTD 10/25/10 3
	 	 	381,056.79	 	 	 	380,136.00	 	 	 	95.13100	 	 	 	380,524.00	 	 	 	2.00	%	 	 	13,000.00	 	 	 	3.416	 	 	 	3.877	 	 	 	7.87632	 	 	AA	 	 	AA2	 
	 	 	 	 	3.25000
	 	 	 	 	 	 	10/25/2020	 	 	 	12/13/2010	 	 	 	12/16/2010	 	 	 	06/30/2011	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	931142-CZ-4
	 	 	1	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 

			
	 	 	 
	Run Date: 7/11/2011
	 	Page 5
	Time: 2:44:22PM	 	 

 

 

     

National Title Insurance Company Of New York

(Continued)

Holdings as of June 30, 2011 Accounting Date

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	Security Description	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	Int/Div Rate	 	 	 	 	 	Maturity Date	 	Book Value	 	Cost	 	Market / Unit	 	 	 	 	 	 	 	 	 	Estimated Annual	 	Current	 	Market	 	Modified	 	S&P	 	Moodys
	Par or Shares	 	Cusip	 	Lot	 	Option Date	 	Trade Date	 	Settlement Date	 	Pricing Date	 	Market Value	 	% of Type	 	Income	 	Yield	 	YTM	 	Duration	 	Rating	 	Rating
	 	400,000.00	 	 	WELLS FARGO & COMPANY MED TERM NOT
	 	 	420,288.62	 	 	 	424,920.00	 	 	 	105.39100	 	 	 	421,564.00	 	 	 	2.22	%	 	 	15,000.00	 	 	 	3.558	 	 	 	2.028	 	 	 	3.04076	 	 	AA-	 	 	A1	 
	 	 	 	 	3.75000
	 	 	 	 	 	 	10/01/2014	 	 	 	09/22/2010	 	 	 	09/27/2010	 	 	 	06/30/2011	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	94974B-ET-3
	 	 	1	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	400,000.00	 	 	WYETH DTD 12/16/03 6.500 02/01/203
	 	 	471,555.09	 	 	 	472,440.00	 	 	 	114.73200	 	 	 	458,928.00	 	 	 	2.41	%	 	 	26,000.00	 	 	 	5.665	 	 	 	5.366	 	 	 	12.21437	 	 	AA	 	 	A1	 
	 	 	 	 	6.50000
	 	 	 	 	 	 	02/01/2034	 	 	 	12/20/2010	 	 	 	12/23/2010	 	 	 	06/30/2011	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	983024-AG-5
	 	 	1	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	17,670,000.00	 	 	Total Bond — Corporate:
	 	 	18,860,131.27	 	 	 	19,084,163.45	 	 	 	 	 	 	 	19,014,650.70	 	 	 	45.14	%	 	 	777,796.27	 	 	 	4.316	 	 	 	2.294	 	 	 	4.05118	 	 	 	A+	 	 	 	A	 
	Bond — Muni	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	250,000.00	 	 	BALTIMORE CNTY MD MET DIST-71ST IS
	 	 	281,346.84	 	 	 	281,875.00	 	 	 	112.72300	 	 	 	281,807.50	 	 	 	1.95	%	 	 	8,784.72	 	 	 	4.436	 	 	 	3.548	 	 	 	8.20153	 	 	AAA	 	AAA
	 	 	 	 	5.00000
	 	 	 	 	 	 	02/01/2022	 	 	 	04/13/2011	 	 	 	04/18/2011	 	 	 	06/30/2011	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	059132-7D-6
	 	 	1	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	250,000.00	 	 	BOSTON MASS SER B
	 	 	249,992.57	 	 	 	249,992.50	 	 	 	100.90300	 	 	 	252,257.50	 	 	 	1.75	%	 	 	5,565.97	 	 	 	3.469	 	 	 	3.412	 	 	 	10.14753	 	 	AA+	 	AAA
	 	 	 	 	3.50000
	 	 	 	 	 	 	04/01/2024	 	 	 	05/09/2011	 	 	 	05/12/2011	 	 	 	06/30/2011	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	100853-NV-8
	 	 	1	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	100,000.00	 	 	CLARK CNTY NV SCH 5.5% 06/15/14
	 	 	106,565.30	 	 	 	112,298.00	 	 	 	112.12200	 	 	 	112,122.00	 	 	 	0.78	%	 	 	5,500.00	 	 	 	4.905	 	 	 	1.309	 	 	 	2.75937	 	 	AA+	 	 	AA2	 
	 	 	 	 	5.50000
	 	 	 	 	 	 	06/15/2014	 	 	 	09/04/2008	 	 	 	09/09/2008	 	 	 	06/30/2011	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	181054-K2-2
	 	 	1	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	250,000.00	 	 	CO DEPT TRANS REV 5% 12/15/14
	 	 	259,215.72	 	 	 	271,610.00	 	 	 	113.88500	 	 	 	284,712.50	 	 	 	1.97	%	 	 	12,500.00	 	 	 	4.390	 	 	 	0.912	 	 	 	3.21627	 	 	AA	 	 	AA2	 
	 	 	 	 	5.00000
	 	 	 	 	 	 	12/15/2014	 	 	 	12/28/2005	 	 	 	12/29/2005	 	 	 	06/30/2011	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	196454-FL-1
	 	 	1	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	500,000.00	 	 	COLORADO SPRINGS COLO UTILS SER D-
	 	 	527,214.17	 	 	 	527,555.00	 	 	 	106.07200	 	 	 	530,360.00	 	 	 	3.67	%	 	 	26,250.00	 	 	 	4.949	 	 	 	4.804	 	 	 	13.29071	 	 	AA	 	 	AA2	 
	 	 	 	 	5.25000
	 	 	 	 	 	 	11/15/2033	 	 	 	12/28/2010	 	 	 	12/31/2010	 	 	 	06/30/2011	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	196632-LS-0
	 	 	1	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	125,000.00	 	 	CORPUS CHRISTI TEX INDPT SCH SCH B
	 	 	133,065.48	 	 	 	133,155.00	 	 	 	109.26700	 	 	 	136,583.75	 	 	 	0.95	%	 	 	4,565.97	 	 	 	4.576	 	 	 	4.167	 	 	 	10.59607	 	 	AA	 	 	AA2	 
	 	 	 	 	5.00000
	 	 	 	 	 	 	08/15/2026	 	 	 	04/05/2011	 	 	 	04/08/2011	 	 	 	06/30/2011	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	220147-T4-4
	 	 	1	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	60,000.00	 	 	DALLAS TEXAS DTD 11/01/08 5.000 02
	 	 	66,726.99	 	 	 	66,780.00	 	 	 	108.35400	 	 	 	65,012.40	 	 	 	0.45	%	 	 	1,900.00	 	 	 	4.615	 	 	 	4.189	 	 	 	9.82467	 	 	AA+	 	 	AA1	 
	 	 	 	 	5.00000
	 	 	 	 	 	 	02/15/2025	 	 	 	05/10/2011	 	 	 	05/13/2011	 	 	 	06/30/2011	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	235218-5Y-6
	 	 	1	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	100,000.00	 	 	DENVER CO CTY/CNTY SCH 5% 12/01/17
	 	 	103,479.69	 	 	 	107,664.00	 	 	 	110.97200	 	 	 	110,972.00	 	 	 	0.77	%	 	 	5,000.00	 	 	 	4.506	 	 	 	3.101	 	 	 	3.16201	 	 	AA-	 	 	AA2	 
	 	 	 	 	5.00000
	 	 	 	 	 	 	12/01/2017	 	 	 	09/08/2006	 	 	 	09/13/2006	 	 	 	06/30/2011	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	249174-HD-8
	 	 	1	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	150,000.00	 	 	DEXTER MI CMNTY SCHS 5% 05/01/16
	 	 	159,869.85	 	 	 	164,877.00	 	 	 	113.26700	 	 	 	169,900.50	 	 	 	1.18	%	 	 	7,500.00	 	 	 	4.414	 	 	 	2.100	 	 	 	4.31453	 	 	AA+	 	 	AA2	 
	 	 	 	 	5.00000
	 	 	 	 	 	 	05/01/2016	 	 	 	09/11/2008	 	 	 	09/29/2008	 	 	 	06/30/2011	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	252255-KE-3
	 	 	1	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 

			
	 	 	 
	Run Date: 7/11/2011
	 	Page 6
	Time: 2:44:22PM	 	 

 

 

     

National Title Insurance Company Of New York

(Continued)

Holdings as of June 30, 2011 Accounting Date

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	Security Description	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	Int/Div Rate	 	 	 	 	 	Maturity Date	 	Book Value	 	Cost	 	Market / Unit	 	 	 	 	 	 	 	 	 	Estimated Annual	 	Current	 	Market	 	Modified	 	S&P	 	Moodys
	Par or Shares	 	Cusip	 	Lot	 	Option Date	 	Trade Date	 	Settlement Date	 	Pricing Date	 	Market Value	 	% of Type	 	Income	 	Yield	 	YTM	 	Duration	 	Rating	 	Rating
	 	100,000.00	 	 	DC WTR & SWR AUTH UTIL 5% 10/01/14
	 	 	104,951.93	 	 	 	109,358.00	 	 	 	112.23800	 	 	 	112,238.00	 	 	 	0.78	%	 	 	5,000.00	 	 	 	4.455	 	 	 	1.155	 	 	 	3.00695	 	 	AA+	 	 	AA3	 
	 	 	 	 	5.00000
	 	 	 	 	 	 	10/01/2014	 	 	 	04/10/2008	 	 	 	04/24/2008	 	 	 	06/30/2011	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	254845-DX-5
	 	 	1	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	100,000.00	 	 	DOUGLAS CNTY COLO SCH DIST NO REF	 	 	116,600.89	 	 	 	117,421.00	 	 	 	119.73700	 	 	 	119,737.00	 	 	 	0.83	%	 	 	5,250.00	 	 	 	4.385	 	 	 	2.854	 	 	 	7.64172	 	 	 	N/R	 	 	 	AA1	 
	 	 	 	 	5.25000
	 	 	 	 	 	 	12/15/2020	 	 	 	12/13/2010	 	 	 	12/16/2010	 	 	 	06/30/2011	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	258885-C4-2
	 	 	1	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	150,000.00	 	 	ELGIN ILL GO 5.5% 12/15/17
	 	 	167,173.55	 	 	 	171,624.00	 	 	 	116.12700	 	 	 	174,190.50	 	 	 	1.21	%	 	 	8,250.00	 	 	 	4.736	 	 	 	2.757	 	 	 	5.51593	 	 	AA+	 	 	AA1	 
	 	 	 	 	5.50000
	 	 	 	 	 	 	12/15/2017	 	 	 	07/23/2009	 	 	 	07/28/2009	 	 	 	06/30/2011	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	286299-B2-7
	 	 	1	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	110,000.00	 	 	ENERGY NORTHWEST WASH ELEC REV REF
	 	 	126,010.71	 	 	 	127,129.20	 	 	 	117.34300	 	 	 	129,077.30	 	 	 	0.89	%	 	 	5,500.00	 	 	 	4.261	 	 	 	2.304	 	 	 	5.89191	 	 	AA	 	AAA
	 	 	 	 	5.00000
	 	 	 	 	 	 	07/01/2018	 	 	 	12/16/2010	 	 	 	12/21/2010	 	 	 	06/30/2011	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	29270C-UJ-2
	 	 	1	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	70,000.00	 	 	ENERGY NORTHWEST WASH ELEC REV REF
	 	 	79,710.79	 	 	 	80,386.60	 	 	 	117.34300	 	 	 	82,140.10	 	 	 	0.57	%	 	 	3,500.00	 	 	 	4.261	 	 	 	2.304	 	 	 	5.89191	 	 	AA	 	AAA
	 	 	 	 	5.00000
	 	 	 	 	 	 	07/01/2018	 	 	 	12/16/2010	 	 	 	12/21/2010	 	 	 	06/30/2011	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	29270C-UM-5
	 	 	1	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	185,000.00	 	 	ENERGY NORTHWEST WASH ELEC REV REF
	 	 	212,315.89	 	 	 	214,209.65	 	 	 	118.95100	 	 	 	220,059.35	 	 	 	1.52	%	 	 	9,712.50	 	 	 	4.414	 	 	 	2.304	 	 	 	5.85579	 	 	AA	 	AAA
	 	 	 	 	5.25000
	 	 	 	 	 	 	07/01/2018	 	 	 	12/16/2010	 	 	 	12/21/2010	 	 	 	06/30/2011	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	29270C-UN-3
	 	 	1	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	415,000.00	 	 	FAIRFAX VA REF
	 	 	480,463.46	 	 	 	480,985.00	 	 	 	112.32200	 	 	 	466,136.30	 	 	 	3.23	%	 	 	13,199.31	 	 	 	4.451	 	 	 	3.855	 	 	 	10.09429	 	 	AAA	 	AAA
	 	 	 	 	5.00000
	 	 	 	 	 	 	07/15/2025	 	 	 	05/09/2011	 	 	 	05/12/2011	 	 	 	06/30/2011	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	304081-TX-0
	 	 	1	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	100,000.00	 	 	GARFIELD CNTY CO SCH 5% 12/01/17	 	 	106,266.05	 	 	 	110,662.00	 	 	 	115.81300	 	 	 	115,813.00	 	 	 	0.80	%	 	 	5,000.00	 	 	 	4.317	 	 	 	2.333	 	 	 	4.80299	 	 	 	N/R	 	 	 	AA2	 
	 	 	 	 	5.00000
	 	 	 	 	 	 	12/01/2017	 	 	 	12/06/2006	 	 	 	12/14/2006	 	 	 	06/30/2011	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	365653-GW-8
	 	 	1	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	200,000.00	 	 	GREENSBORO N C CTFS PARTN GREENSBO
	 	 	218,412.21	 	 	 	220,672.00	 	 	 	108.82700	 	 	 	217,654.00	 	 	 	1.51	%	 	 	8,000.00	 	 	 	3.676	 	 	 	2.350	 	 	 	5.11771	 	 	AA+	 	 	AA2	 
	 	 	 	 	4.00000
	 	 	 	 	 	 	04/01/2017	 	 	 	09/27/2010	 	 	 	09/30/2010	 	 	 	06/30/2011	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	395465-DG-9
	 	 	1	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	250,000.00	 	 	GWINNETT CNTY GA 5% 01/01/24
	 	 	269,367.36	 	 	 	272,782.50	 	 	 	110.72900	 	 	 	276,822.50	 	 	 	1.92	%	 	 	12,500.00	 	 	 	4.516	 	 	 	3.907	 	 	 	9.22875	 	 	AA+	 	 	N/R	 
	 	 	 	 	5.00000
	 	 	 	 	 	 	01/01/2024	 	 	 	06/03/2008	 	 	 	06/06/2008	 	 	 	06/30/2011	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	403715-BB-0
	 	 	1	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	155,000.00	 	 	HARRIS CNTY TEX CULTURAL ED TECO P
	 	 	176,558.25	 	 	 	178,256.20	 	 	 	117.00200	 	 	 	181,353.10	 	 	 	1.26	%	 	 	7,750.00	 	 	 	4.273	 	 	 	2.133	 	 	 	5.52475	 	 	AA	 	 	AA3	 
	 	 	 	 	5.00000
	 	 	 	 	 	 	11/15/2017	 	 	 	12/13/2010	 	 	 	12/16/2010	 	 	 	06/30/2011	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	41401P-AG-8
	 	 	1	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	150,000.00	 	 	HAWAII ST GO 5% 05/01/15
	 	 	159,375.08	 	 	 	165,664.50	 	 	 	113.84000	 	 	 	170,760.00	 	 	 	1.18	%	 	 	7,500.00	 	 	 	4.392	 	 	 	1.290	 	 	 	3.51338	 	 	AA	 	 	AA2	 
	 	 	 	 	5.00000
	 	 	 	 	 	 	05/01/2015	 	 	 	08/19/2008	 	 	 	08/22/2008	 	 	 	06/30/2011	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	419787-AG-1
	 	 	1	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 

			
	 	 	 
	Run Date: 7/11/2011
	 	Page 7
	Time: 2:44:22PM	 	 

 

 

     

National Title Insurance Company Of New York

(Continued)

Holdings as of June 30, 2011 Accounting Date

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	Security Description	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	Int/Div Rate	 	 	 	 	 	Maturity Date	 	Book Value	 	Cost	 	Market / Unit	 	 	 	 	 	 	 	 	 	Estimated Annual	 	Current	 	Market	 	Modified	 	S&P	 	Moodys
	Par or Shares	 	Cusip	 	Lot	 	Option Date	 	Trade Date	 	Settlement Date	 	Pricing Date	 	Market Value	 	% of Type	 	Income	 	Yield	 	YTM	 	Duration	 	Rating	 	Rating
	 	250,000.00	 	 	ILLINOIS EDL FACS 5.2% 11/01/2032
	 	 	284,050.39	 	 	 	286,052.50	 	 	 	110.94100	 	 	 	277,352.50	 	 	 	1.92	%	 	 	13,000.00	 	 	 	4.687	 	 	 	4.403	 	 	 	13.18492	 	 	AAA	 	AAA
	 	 	 	 	5.20000
	 	 	 	 	 	 	11/01/2032	 	 	 	05/19/2009	 	 	 	05/20/2009	 	 	 	06/30/2011	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	452001-WV-8
	 	 	1	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	400,000.00	 	 	IN TRANS AUTH HWY 5.25% 06/01/18
	 	 	413,219.66	 	 	 	448,376.00	 	 	 	109.23800	 	 	 	436,952.00	 	 	 	3.03	%	 	 	21,000.00	 	 	 	4.806	 	 	 	3.723	 	 	 	1.84405	 	 	AA+	 	 	AA1	 
	 	 	 	 	5.25000
	 	 	 	 	 	 	06/01/2018	 	 	 	09/09/2005	 	 	 	09/14/2005	 	 	 	06/30/2011	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	455141-KD-2
	 	 	1	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	400,000.00	 	 	KENTUCKY ST PPTY & BLDGS COMMN REF
	 	 	470,804.63	 	 	 	478,776.00	 	 	 	116.52800	 	 	 	466,112.00	 	 	 	3.23	%	 	 	21,000.00	 	 	 	4.505	 	 	 	2.388	 	 	 	5.36138	 	 	AA+	 	 	AA3	 
	 	 	 	 	5.25000
	 	 	 	 	 	 	10/01/2017	 	 	 	09/27/2010	 	 	 	09/30/2010	 	 	 	06/30/2011	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	49151E-UW-1
	 	 	1	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	100,000.00	 	 	MSD WARREN TWP IN VIS 5% 07/10/14
	 	 	104,220.67	 	 	 	108,168.00	 	 	 	111.57000	 	 	 	111,570.00	 	 	 	0.77	%	 	 	5,000.00	 	 	 	4.481	 	 	 	1.104	 	 	 	2.78417	 	 	AA+	 	 	AA3	 
	 	 	 	 	5.00000
	 	 	 	 	 	 	07/10/2014	 	 	 	05/07/2008	 	 	 	06/05/2008	 	 	 	06/30/2011	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	553543-CY-3
	 	 	1	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	500,000.00	 	 	MASSACHUSETTS ST GO 5.25% 11/01/18
	 	 	503,315.52	 	 	 	532,005.00	 	 	 	101.66800	 	 	 	508,340.00	 	 	 	3.52	%	 	 	21,947.92	 	 	 	5.164	 	 	 	4.975	 	 	 	0.33564	 	 	AA	 	 	AA1	 
	 	 	 	 	5.25000
	 	 	 	 	 	 	11/01/2018	 	 	 	06/12/2008	 	 	 	06/17/2008	 	 	 	06/30/2011	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	575827-5S-5
	 	 	1	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	100,000.00	 	 	MASSACHUSETTS ST GO 5% 08/01/16
	 	 	107,444.21	 	 	 	111,059.00	 	 	 	116.94300	 	 	 	116,943.00	 	 	 	0.81	%	 	 	5,000.00	 	 	 	4.276	 	 	 	1.525	 	 	 	4.48788	 	 	AA	 	 	AA1	 
	 	 	 	 	5.00000
	 	 	 	 	 	 	08/01/2016	 	 	 	09/05/2008	 	 	 	09/11/2008	 	 	 	06/30/2011	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	57582P-KZ-2
	 	 	1	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	250,000.00	 	 	MINNESOTA ST REF-VAR PURP-SER H
	 	 	290,640.50	 	 	 	293,890.00	 	 	 	118.83500	 	 	 	297,087.50	 	 	 	2.06	%	 	 	12,500.00	 	 	 	4.208	 	 	 	1.837	 	 	 	5.50214	 	 	AAA	 	 	AA1	 
	 	 	 	 	5.00000
	 	 	 	 	 	 	11/01/2017	 	 	 	12/14/2010	 	 	 	12/17/2010	 	 	 	06/30/2011	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	604129-QK-5
	 	 	1	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	100,000.00	 	 	MS DEV BANK SPL OBLIG 5% 01/01/16
	 	 	104,308.44	 	 	 	108,124.00	 	 	 	112.90300	 	 	 	112,903.00	 	 	 	0.78	%	 	 	5,000.00	 	 	 	4.429	 	 	 	1.990	 	 	 	3.98823	 	 	AA-	 	 	AA3	 
	 	 	 	 	5.00000
	 	 	 	 	 	 	01/01/2016	 	 	 	09/22/2006	 	 	 	10/11/2006	 	 	 	06/30/2011	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	60534Q-NM-9
	 	 	1	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	115,000.00	 	 	NM FIN AUTH ST TRANSN 5% 12/15/17
	 	 	122,081.56	 	 	 	125,999.75	 	 	 	114.98700	 	 	 	132,235.05	 	 	 	0.92	%	 	 	5,750.00	 	 	 	4.348	 	 	 	2.475	 	 	 	4.83474	 	 	AA	 	 	AA2	 
	 	 	 	 	5.00000
	 	 	 	 	 	 	12/15/2017	 	 	 	12/05/2007	 	 	 	12/10/2007	 	 	 	06/30/2011	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	64711R-ER-3
	 	 	1	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	100,000.00	 	 	NEW YORK N Y CITY MUN WTR FIN REF-
	 	 	94,014.69	 	 	 	93,938.00	 	 	 	99.30800	 	 	 	99,308.00	 	 	 	0.69	%	 	 	4,500.00	 	 	 	4.531	 	 	 	4.550	 	 	 	13.80065	 	 	AAA	 	 	AA1	 
	 	 	 	 	4.50000
	 	 	 	 	 	 	06/15/2033	 	 	 	12/27/2010	 	 	 	12/30/2010	 	 	 	06/30/2011	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	64972F-BK-1
	 	 	1	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	250,000.00	 	 	OHIO STATE REF-COMMON SCHS-SER C
	 	 	259,604.90	 	 	 	259,977.50	 	 	 	108.35800	 	 	 	270,895.00	 	 	 	1.88	%	 	 	10,625.00	 	 	 	3.922	 	 	 	3.349	 	 	 	8.88285	 	 	AA+	 	 	AA1	 
	 	 	 	 	4.25000
	 	 	 	 	 	 	09/15/2022	 	 	 	12/14/2010	 	 	 	12/17/2010	 	 	 	06/30/2011	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	677521-EQ-5
	 	 	1	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	100,000.00	 	 	OHIO ST UNIV GEN RCPTS SER D
	 	 	89,862.48	 	 	 	89,724.00	 	 	 	92.13400	 	 	 	92,134.00	 	 	 	0.64	%	 	 	4,000.00	 	 	 	4.342	 	 	 	4.580	 	 	 	13.89399	 	 	AA	 	 	AA1	 
	 	 	 	 	4.00000
	 	 	 	 	 	 	12/01/2032	 	 	 	12/27/2010	 	 	 	12/30/2010	 	 	 	06/30/2011	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	677632-NH-0
	 	 	1	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 

			
	 	 	 
	Run Date: 7/11/2011
	 	Page 8
	Time: 2:44:22PM	 	 

 

 

     

National Title Insurance Company Of New York

(Continued)

Holdings as of June 30, 2011 Accounting Date

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	Security Description	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	Int/Div Rate	 	 	 	 	 	Maturity Date	 	Book Value	 	Cost	 	Market / Unit	 	 	 	 	 	 	 	 	 	Estimated Annual	 	Current	 	Market	 	Modified	 	S&P	 	Moodys
	Par or Shares	 	Cusip	 	Lot	 	Option Date	 	Trade Date	 	Settlement Date	 	Pricing Date	 	Market Value	 	% of Type	 	Income	 	Yield	 	YTM	 	Duration	 	Rating	 	Rating
	 	400,000.00	 	 	OHIO ST WTR DEV AUTH REV REF-WTR P
	 		412,652.26	 	 	 	413,448.00	 	 	 	99.97200	 	 	 	399,888.00	 	 	 	2.77	%	 	 	12,000.00	 	 	 	3.001	 	 	 	3.003	 	 	 	8.87034	 	 	AAA	 	AAA
	 	 	 	 	3.00000
	 	 	 	 	 	 	12/01/2021	 	 	 	09/27/2010	 	 	 	09/30/2010	 	 	 	06/30/2011	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	677659-W6-7
	 	 	1	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	125,000.00	 	 	OKLAHOMA CITY OKLA DTD 03/01/11 4.
	 	 	131,134.11	 	 	 	131,225.00	 	 	 	106.79400	 	 	 	133,492.50	 	 	 	0.92	%	 	 	3,402.78	 	 	 	3.746	 	 	 	3.294	 	 	 	9.25585	 	 	AAA	 	AAA
	 	 	 	 	4.00000
	 	 	 	 	 	 	03/01/2023	 	 	 	04/14/2011	 	 	 	04/26/2011	 	 	 	06/30/2011	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	678519-MF-3
	 	 	1	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	100,000.00	 	 	OR ST DEPT TRANSN HWY 5% 11/15/13
	 	 	102,851.93	 	 	 	107,909.00	 	 	 	110.43000	 	 	 	110,430.00	 	 	 	0.76	%	 	 	5,000.00	 	 	 	4.528	 	 	 	0.572	 	 	 	2.25655	 	 	AAA	 	 	AA1	 
	 	 	 	 	5.00000
	 	 	 	 	 	 	11/15/2013	 	 	 	09/13/2006	 	 	 	09/18/2006	 	 	 	06/30/2011	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	68607D-GP-4
	 	 	1	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	500,000.00	 	 	OREGON ST ST BRD HIGHER ED-SER A
	 	 	481,515.28	 	 	 	481,250.00	 	 	 	101.21800	 	 	 	506,090.00	 	 	 	3.51	%	 	 	22,500.00	 	 	 	4.446	 	 	 	4.410	 	 	 	13.33655	 	 	AA+	 	 	AA1	 
	 	 	 	 	4.50000
	 	 	 	 	 	 	08/01/2032	 	 	 	12/22/2010	 	 	 	12/28/2010	 	 	 	06/30/2011	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	68608K-BG-2
	 	 	1	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	105,000.00	 	 	PORT AUTH N Y & N J CONS-132ND SER
	 	 	105,421.00	 	 	 	105,426.30	 	 	 	102.21600	 	 	 	107,326.80	 	 	 	0.74	%	 	 	5,250.00	 	 	 	4.892	 	 	 	4.835	 	 	 	13.20500	 	 	AA-	 	 	AA2	 
	 	 	 	 	5.00000
	 	 	 	 	 	 	09/01/2033	 	 	 	12/27/2010	 	 	 	12/30/2010	 	 	 	06/30/2011	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	733581-7Y-2
	 	 	1	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	395,000.00	 	 	PORT SEATTLE WASH REV SER A
	 	 	394,609.79	 	 	 	394,605.00	 	 	 	100.45300	 	 	 	396,789.35	 	 	 	2.75	%	 	 	19,475.69	 	 	 	4.977	 	 	 	4.966	 	 	 	12.95439	 	 	AA-	 	 	AA2	 
	 	 	 	 	5.00000
	 	 	 	 	 	 	07/01/2033	 	 	 	01/03/2011	 	 	 	01/06/2011	 	 	 	06/30/2011	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	735388-8A-1
	 	 	1	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	400,000.00	 	 	RICHMOND VA PUB UTIL REV DTD 07/15
	 	 	406,863.09	 	 	 	406,944.00	 	 	 	101.65100	 	 	 	406,604.00	 	 	 	2.82	%	 	 	20,000.00	 	 	 	4.919	 	 	 	4.881	 	 	 	13.52995	 	 	AA+	 	 	AA2	 
	 	 	 	 	5.00000
	 	 	 	 	 	 	01/15/2035	 	 	 	12/23/2010	 	 	 	12/29/2010	 	 	 	06/30/2011	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	765433-EN-3
	 	 	1	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	500,000.00	 	 	SALT LAKE CNTY UTAH SER A
	 	 	489,378.78	 	 	 	489,250.00	 	 	 	100.78100	 	 	 	503,905.00	 	 	 	3.49	%	 	 	12,201.39	 	 	 	3.473	 	 	 	3.427	 	 	 	10.66082	 	 	AAA	 	AAA
	 	 	 	 	3.50000
	 	 	 	 	 	 	12/15/2024	 	 	 	04/15/2011	 	 	 	04/20/2011	 	 	 	06/30/2011	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	795676-NM-3
	 	 	1	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	300,000.00	 	 	SALT RIVER PROJ ARIZ AGRIC IMP SER
	 	 	310,918.86	 	 	 	311,100.00	 	 	 	106.67900	 	 	 	320,037.00	 	 	 	2.22	%	 	 	13,041.67	 	 	 	4.687	 	 	 	4.401	 	 	 	10.64261	 	 	AA	 	 	AA1	 
	 	 	 	 	5.00000
	 	 	 	 	 	 	01/01/2027	 	 	 	02/15/2011	 	 	 	02/18/2011	 	 	 	06/30/2011	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	79575D-XC-9
	 	 	1	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	200,000.00	 	 	SALT RIVER PROJ ARIZ AGRIC IMP SER
	 	 	206,912.32	 	 	 	207,026.00	 	 	 	106.67900	 	 	 	213,358.00	 	 	 	1.48	%	 	 	8,583.33	 	 	 	4.687	 	 	 	4.401	 	 	 	10.64261	 	 	AA	 	 	AA1	 
	 	 	 	 	5.00000
	 	 	 	 	 	 	01/01/2027	 	 	 	02/16/2011	 	 	 	02/22/2011	 	 	 	06/30/2011	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	79575D-XC-9
	 	 	2	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	170,000.00	 	 	SAN FRANCISCO CA GO 5% 06/15/15
	 	 	175,029.83	 	 	 	183,336.50	 	 	 	105.88500	 	 	 	180,004.50	 	 	 	1.25	%	 	 	8,500.00	 	 	 	4.722	 	 	 	3.398	 	 	 	0.94235	 	 	AA+	 	 	AA2	 
	 	 	 	 	5.00000
	 	 	 	 	 	 	06/15/2015	 	 	 	12/28/2005	 	 	 	12/29/2005	 	 	 	06/30/2011	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	797646-EJ-1
	 	 	1	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	350,000.00	 	 	SEATTLE WASH BUILD AMERICA BONDS-T
	 	 	359,112.22	 	 	 	359,212.00	 	 	 	107.42200	 	 	 	375,977.00	 	 	 	2.60	%	 	 	12,477.89	 	 	 	4.543	 	 	 	4.210	 	 	 	10.59404	 	 	AAA	 	 	AA1	 
	 	 	 	 	4.88000
	 	 	 	 	 	 	08/01/2026	 	 	 	04/05/2011	 	 	 	04/08/2011	 	 	 	06/30/2011	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	812626-B7-3
	 	 	1	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 

			
	 	 	 
	Run Date: 7/11/2011
	 	Page 9
	Time: 2:44:22PM	 	 

 

 

     

National Title Insurance Company Of New York

(Continued)

Holdings as of June 30, 2011 Accounting Date

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	Security Description	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	Int/Div Rate	 	 	 	 	 	Maturity Date	 	Book Value	 	Cost	 	Market / Unit	 	 	 	 	 	 	 	 	 	Estimated Annual	 	Current	 	Market	 	Modified	 	S&P	 	Moodys
	Par or Shares	 	Cusip	 	Lot	 	Option Date	 	Trade Date	 	Settlement Date	 	Pricing Date	 	Market Value	 	% of Type	 	Income	 	Yield	 	YTM	 	Duration	 	Rating	 	Rating
	 	80,000.00	 	 	SNOHOMISH CNTY WASH REF-LTD TAX-SE
	 	 	69,939.30	 	 	 	69,802.40	 	 	 	91.36800	 	 	 	73,094.40	 	 	 	0.51	%	 	 	3,200.00	 	 	 	4.378	 	 	 	4.640	 	 	 	13.85679	 	 	AA	 	 	AA2	 
	 	 	 	 	4.00000
	 	 	 	 	 	 	12/01/2032	 	 	 	12/23/2010	 	 	 	12/29/2010	 	 	 	06/30/2011	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	833085-G3-1
	 	 	1	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	500,000.00	 	 	SOUTH CAROLINA ST PUB SVC AUTH REF
	 	 	428,527.80	 	 	 	427,500.00	 	 	 	88.29800	 	 	 	441,490.00	 	 	 	3.06	%	 	 	20,000.00	 	 	 	4.530	 	 	 	4.912	 	 	 	13.09419	 	 	AA-	 	 	AA3	 
	 	 	 	 	4.00000
	 	 	 	 	 	 	01/01/2032	 	 	 	12/22/2010	 	 	 	12/28/2010	 	 	 	06/30/2011	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	837147-8S-9
	 	 	1	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	500,000.00	 	 	TENNESSEE ST SCH BD AUTH HIGHER ED
	 	 	522,297.28	 	 	 	522,750.00	 	 	 	106.83800	 	 	 	534,190.00	 	 	 	3.70	%	 	 	14,611.11	 	 	 	3.744	 	 	 	3.184	 	 	 	8.11210	 	 	AA	 	 	AA1	 
	 	 	 	 	4.00000
	 	 	 	 	 	 	05/01/2021	 	 	 	04/05/2011	 	 	 	04/08/2011	 	 	 	06/30/2011	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	880557-6L-2
	 	 	1	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	255,000.00	 	 	TULSA OKLA MET UTIL AUTH UTIL DTD
	 	 	265,398.63	 	 	 	265,551.90	 	 	 	105.51400	 	 	 	269,060.70	 	 	 	1.86	%	 	 	7,140.00	 	 	 	3.791	 	 	 	3.422	 	 	 	9.23356	 	 	AA	 	 	AA1	 
	 	 	 	 	4.00000
	 	 	 	 	 	 	03/01/2023	 	 	 	04/14/2011	 	 	 	04/19/2011	 	 	 	06/30/2011	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	899656-KT-8
	 	 	1	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	120,000.00	 	 	UNION CNTY N C REF-SER B
	 	 	132,920.45	 	 	 	133,399.20	 	 	 	112.74600	 	 	 	135,295.20	 	 	 	0.94	%	 	 	6,000.00	 	 	 	4.435	 	 	 	3.648	 	 	 	8.86956	 	 	AA	 	 	AA1	 
	 	 	 	 	5.00000
	 	 	 	 	 	 	03/01/2023	 	 	 	12/13/2010	 	 	 	12/16/2010	 	 	 	06/30/2011	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	906395-M8-8
	 	 	1	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	250,000.00	 	 	UNIVERSITY MASS BLDG AUTH PROJREV
	 	 	233,458.90	 	 	 	232,857.50	 	 	 	95.41000	 	 	 	238,525.00	 	 	 	1.65	%	 	 	9,875.00	 	 	 	4.140	 	 	 	4.470	 	 	 	8.92666	 	 	 	N/R	 	 	 	AA2	 
	 	 	 	 	3.95000
	 	 	 	 	 	 	11/01/2022	 	 	 	12/13/2010	 	 	 	12/16/2010	 	 	 	06/30/2011	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	914440-KZ-4
	 	 	1	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	100,000.00	 	 	UNIVERSITY NE FACS CORP 5% 7/15/15
	 	 	104,419.54	 	 	 	106,370.00	 	 	 	114.88400	 	 	 	114,884.00	 	 	 	0.80	%	 	 	5,000.00	 	 	 	4.352	 	 	 	1.215	 	 	 	3.64106	 	 	AA	 	 	AA1	 
	 	 	 	 	5.00000
	 	 	 	 	 	 	07/15/2015	 	 	 	09/20/2006	 	 	 	09/23/2006	 	 	 	06/30/2011	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	914638-FH-9
	 	 	1	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	100,000.00	 	 	UNIVERSITY N M UNIV REVS SUB LIEN-
	 	 	102,718.78	 	 	 	102,758.00	 	 	 	102.67400	 	 	 	102,674.00	 	 	 	0.71	%	 	 	5,000.00	 	 	 	4.870	 	 	 	4.796	 	 	 	12.95251	 	 	AA+	 	 	AA2	 
	 	 	 	 	5.00000
	 	 	 	 	 	 	06/01/2032	 	 	 	12/23/2010	 	 	 	12/29/2010	 	 	 	06/30/2011	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	914692-K2-3
	 	 	1	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	100,000.00	 	 	UTAH TRAN AUTH SALES TAX REV REF-S
	 	 	104,548.78	 	 	 	104,612.00	 	 	 	112.44000	 	 	 	112,440.00	 	 	 	0.78	%	 	 	5,250.00	 	 	 	4.669	 	 	 	4.340	 	 	 	13.12866	 	 	AAA	 	 	AA2	 
	 	 	 	 	5.25000
	 	 	 	 	 	 	06/15/2032	 	 	 	12/27/2010	 	 	 	12/30/2010	 	 	 	06/30/2011	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	917565-EU-3
	 	 	1	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	120,000.00	 	 	UTAH TRAN AUTH SALES TAX REV SER A
	 	 	116,890.27	 	 	 	116,846.40	 	 	 	101.47700	 	 	 	121,772.40	 	 	 	0.84	%	 	 	5,700.00	 	 	 	4.681	 	 	 	4.639	 	 	 	13.22241	 	 	AAA	 	 	AA2	 
	 	 	 	 	4.75000
	 	 	 	 	 	 	06/15/2032	 	 	 	12/23/2010	 	 	 	12/29/2010	 	 	 	06/30/2011	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	917565-HL-0
	 	 	1	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	100,000.00	 	 	VIRGINIA BEACH VA DEV AUTH PUB REF
	 	 	112,500.22	 	 	 	113,064.00	 	 	 	116.64900	 	 	 	116,649.00	 	 	 	0.81	%	 	 	5,000.00	 	 	 	4.286	 	 	 	3.068	 	 	 	7.95612	 	 	AA+	 	 	AA2	 
	 	 	 	 	5.00000
	 	 	 	 	 	 	08/01/2021	 	 	 	12/13/2010	 	 	 	12/16/2010	 	 	 	06/30/2011	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	92774G-FJ-9
	 	 	1	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	25,000.00	 	 	VIRGINIA PORT AUTH PORT FAC RE REF
	 	 	25,913.30	 	 	 	25,929.00	 	 	 	104.74700	 	 	 	26,186.75	 	 	 	0.18	%	 	 	878.47	 	 	 	4.773	 	 	 	4.408	 	 	 	7.68975	 	 	AA+	 	 	AA3	 
	 	 	 	 	5.00000
	 	 	 	 	 	 	07/01/2021	 	 	 	04/13/2011	 	 	 	04/18/2011	 	 	 	06/30/2011	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	928077-FQ-4
	 	 	1	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 

			
	 	 	 
	Run Date: 7/11/2011
	 	Page 10
	Time: 2:44:22PM	 	 

 

 

     

National Title Insurance Company Of New York

(Continued)

Holdings as of June 30, 2011 Accounting Date

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	Security Description	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	Int/Div Rate	 	 	 	Maturity Date	 	Book Value	 	Cost	 	Market / Unit	 	 	 	 	 	 	 	 	 	Estimated Annual	 	Current	 	Market	 	Modified	 	S&P	 	Moodys
	Par or Shares	 	Cusip	 	Lot	 	Option Date	 	Trade Date	 	Settlement Date	 	Pricing Date	 	Market Value	 	% of Type	 	Income	 	Yield	 	YTM	 	Duration	 	Rating	 	Rating
	 	420,000.00	 	 	VIRGINIA ST PUB BLDG AUTH PUB SER
	 	 	480,219.55	 	 	 	483,403.20	 	 	 	115.48800	 	 	 	485,049.60	 	 	 	3.36	%	 	 	14,991.67	 	 	 	4.329	 	 	 	1.112	 	 	 	3.68807	 	 	AA+	 	 	AA1	 
	 	 	 	 	5.00000
	 	 	 	 	08/01/2015	 	 	 	04/11/2011	 	 	 	04/14/2011	 	 	 	06/30/2011	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	928172-MQ-5
	 	1	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	225,000.00	 	 	VIRGINIA ST PUB BLDG AUTH PUB REF-
	 	 	237,795.19	 	 	 	238,050.00	 	 	 	109.44800	 	 	 	246,258.00	 	 	 	1.71	%	 	 	6,575.00	 	 	 	3.655	 	 	 	2.912	 	 	 	8.24151	 	 	AA+	 	 	AA1	 
	 	 	 	 	4.00000
	 	 	 	 	08/01/2021	 	 	 	04/05/2011	 	 	 	04/08/2011	 	 	 	06/30/2011	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	928172-WS-0
	 	1	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	500,000.00	 	 	WASHINGTON ST VAR PURP-SER C
	 	 	518,237.52	 	 	 	518,490.00	 	 	 	104.28900	 	 	 	521,445.00	 	 	 	3.61	%	 	 	25,000.00	 	 	 	4.794	 	 	 	4.682	 	 	 	13.05353	 	 	AA+	 	 	AA1	 
	 	 	 	 	5.00000
	 	 	 	 	02/01/2033	 	 	 	12/23/2010	 	 	 	12/29/2010	 	 	 	06/30/2011	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	93974C-EL-0
	 	1	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	100,000.00	 	 	WHITLEY CNTY IN SCH 5% 07/15/2014
	 	 	104,286.57	 	 	 	106,870.00	 	 	 	111.89900	 	 	 	111,899.00	 	 	 	0.78	%	 	 	5,000.00	 	 	 	4.468	 	 	 	1.017	 	 	 	2.79958	 	 	AA+	 	 	AA3	 
	 	 	 	 	5.00000
	 	 	 	 	07/15/2014	 	 	 	05/29/2008	 	 	 	06/02/2008	 	 	 	06/30/2011	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	966412-ER-5
	 	1	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	13,475,000.00	 	 	Total Bond — Muni:
	 	 	14,084,721.98	 	 	 	14,260,032.30	 	 	 	 	 	 	 	14,436,356.55	 	 	 	34.27	%	 	 	579,705.39	 	 	 	4.389	 	 	 	3.434	 	 	 	8.32808	 	 	AA	 	AA2
	 	 
	Bond - Other
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	250,000.00	 	 	DUKE ENERGY CAROLINAS DTD 06/07/10
	 	 	252,003.14	 	 	 	252,072.50	 	 	 	103.69700	 	 	 	259,242.50	 	 	 	18.14	%	 	 	9,346.53	 	 	 	4.147	 	 	 	3.809	 	 	 	7.40585	 	 	 	A	 	 	 	A1	 
	 	 	 	 	4.30000
	 	 	 	 	06/15/2020	 	 	 	02/15/2011	 	 	 	02/18/2011	 	 	 	06/30/2011	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	26442C-AJ-3
	 	1	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	195,000.00	 	 	FLORIDA POWER & LIGHT DTD 10/10/07
	 	 	218,483.97	 	 	 	219,731.85	 	 	 	116.97700	 	 	 	228,105.15	 	 	 	15.96	%	 	 	9,409.56	 	 	 	4.745	 	 	 	2.624	 	 	 	5.39712	 	 	 	A	 	 	 	AA3	 
	 	 	 	 	5.55000
	 	 	 	 	11/01/2017	 	 	 	02/15/2011	 	 	 	02/18/2011	 	 	 	06/30/2011	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	341081-EZ-6
	 	1	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	450,000.00	 	 	GEORGIA POWER COMPANY DTD 12/15/09
	 	 	461,373.99	 	 	 	461,803.50	 	 	 	104.24700	 	 	 	469,111.50	 	 	 	32.82	%	 	 	16,628.13	 	 	 	4.077	 	 	 	3.659	 	 	 	7.04472	 	 	 	A	 	 	 	A3	 
	 	 	 	 	4.25000
	 	 	 	 	12/01/2019	 	 	 	02/15/2011	 	 	 	02/18/2011	 	 	 	06/30/2011	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	373334-JP-7
	 	1	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	500,000.00	 	 	VIRGINIA ELEC & POWER CO DTD 09/01
	 	 	456,639.46	 	 	 	455,515.00	 	 	 	94.58600	 	 	 	472,930.00	 	 	 	33.09	%	 	 	14,997.92	 	 	 	3.647	 	 	 	4.057	 	 	 	9.00863	 	 	 	A-	 	 	 	A3	 
	 	 	 	 	3.45000
	 	 	 	 	09/01/2022	 	 	 	02/15/2011	 	 	 	02/18/2011	 	 	 	06/30/2011	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	927804-FJ-8
	 	1	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	1,395,000.00	 	 	Total Bond — Other:
	 	 	1,388,500.56	 	 	 	1,389,122.85	 	 	 	 	 	 	 	1,429,389.15	 	 	 	3.39	%	 	 	50,382.14	 	 	 	4.054	 	 	 	3.653	 	 	 	7.49707	 	 	 	A-	 	 	 	A3	 
	 
	Bond - US Treasury
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	750,000.00	 	 	US TREASURY BOND DTD 02/15/01 5.37
	 	 	868,047.37	 	 	 	870,165.00	 	 	 	117.20300	 	 	 	879,022.50	 	 	 	17.81	%	 	 	40,312.50	 	 	 	4.586	 	 	 	4.091	 	 	 	12.48667	 	 	 	N/R	 	 	AAA
	 	 	 	 	5.37500
	 	 	 	 	02/15/2031	 	 	 	12/13/2010	 	 	 	12/14/2010	 	 	 	06/30/2011	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	912810-FP-8
	 	1	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 

			
	 	 	 
	Run Date: 7/11/2011
	 	Page 11
	Time: 2:44:22PM	 	 

 

 

     

National Title Insurance Company Of New York

(Continued)

Holdings as of June 30, 2011 Accounting Date

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	Security Description	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	Int/Div Rate	 	 	 	 	 	Maturity Date	 	Book Value	 	Cost	 	Market / Unit	 	 	 	 	 	 	 	 	 	Estimated Annual	 	Current	 	Market	 	Modified	 	S&P	 	Moodys
	Par or Shares	 	Cusip	 	Lot	 	Option Date	 	Trade Date	 	Settlement Date	 	Pricing Date	 	Market Value	 	% of Type	 	Income	 	Yield	 	YTM	 	Duration	 	Rating	 	Rating
	 	1,000,000.00	 	 	US TREASURY 4.5% 2-15-2036
	 	 	1,118,934.10	 	 	 	1,121,250.00	 	 	 	103.34400	 	 	 	1,033,440.00	 	 	 	20.94	%	 	 	45,000.00	 	 	 	4.354	 	 	 	4.279	 	 	 	14.73623	 	 	 	N/R	 	 	AAA
	 	 	 	 	4.50000
	 	 	 	 	 	 	02/15/2036	 	 	 	09/13/2010	 	 	 	09/14/2010	 	 	 	06/30/2011	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	912810-FT-0
	 	 	1	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	320,000.00	 	 	US TREASURY 5% 08/15/2011
	 	 	320,139.72	 	 	 	324,288.00	 	 	 	100.62500	 	 	 	322,000.00	 	 	 	6.52	%	 	 	9,956.52	 	 	 	4.969	 	 	 	0.080	 	 	 	0.12702	 	 	AAA	 	AAA
	 	 	 	 	5.00000
	 	 	 	 	 	 	08/15/2011	 	 	 	08/07/2007	 	 	 	08/10/2007	 	 	 	06/30/2011	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	912827-7B-2
	 	 	1	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	20,000.00	 	 	US TREAS NOTE 4.875% 02/15/2012
	 	 	19,999.58	 	 	 	19,996.00	 	 	 	107.13000	 	 	 	21,426.00	 	 	 	0.43	%	 	 	975.00	 	 	 	4.551	 	 	 	(6.094	)	 	 	0.63515	 	 	AAA	 	AAA
	 	 	 	 	4.87500
	 	 	 	 	 	 	02/15/2012	 	 	 	04/13/2006	 	 	 	04/18/2006	 	 	 	06/30/2011	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	912827-7L-0
	 	 	1	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	200,000.00	 	 	US TREAS NOTE 4.75% 05/15/2014
	 	 	199,594.26	 	 	 	199,080.00	 	 	 	111.32030	 	 	 	222,640.60	 	 	 	4.51	%	 	 	9,493.22	 	 	 	4.267	 	 	 	0.761	 	 	 	2.70679	 	 	AAA	 	AAA
	 	 	 	 	4.75000
	 	 	 	 	 	 	05/15/2014	 	 	 	02/05/2007	 	 	 	02/08/2007	 	 	 	06/30/2011	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	912828-CJ-7
	 	 	1	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	1,420,000.00	 	 	US TREASURY NOTE 5.125% 05/15/2016
	 	 	1,436,030.38	 	 	 	1,492,420.00	 	 	 	116.21900	 	 	 	1,650,309.80	 	 	 	33.43	%	 	 	72,723.08	 	 	 	4.410	 	 	 	1.648	 	 	 	4.35926	 	 	 	N/R	 	 	AAA
	 	 	 	 	5.12500
	 	 	 	 	 	 	05/15/2016	 	 	 	07/25/2006	 	 	 	07/28/2006	 	 	 	06/30/2011	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	912828-FF-2
	 	 	1	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	250,000.00	 	 	US TREASURY NOTE DTD 05/15/08 3.87
	 	 	268,504.15	 	 	 	269,843.75	 	 	 	109.53900	 	 	 	273,847.50	 	 	 	5.55	%	 	 	9,680.59	 	 	 	3.538	 	 	 	2.363	 	 	 	6.04528	 	 	 	N/R	 	 	AAA
	 	 	 	 	3.87500
	 	 	 	 	 	 	05/15/2018	 	 	 	12/13/2010	 	 	 	12/14/2010	 	 	 	06/30/2011	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	912828-HZ-6
	 	 	1	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	500,000.00	 	 	US TREASURY NOTE DTD 12/31/09 3.25
	 	 	532,090.17	 	 	 	532,900.00	 	 	 	106.68000	 	 	 	533,400.00	 	 	 	10.81	%	 	 	10,459.01	 	 	 	3.046	 	 	 	1.963	 	 	 	5.04750	 	 	 	N/R	 	 	AAA
	 	 	 	 	3.25000
	 	 	 	 	 	 	12/31/2016	 	 	 	05/09/2011	 	 	 	05/10/2011	 	 	 	06/30/2011	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	912828-MD-9
	 	 	1	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	4,460,000.00	 	 	Total Bond — US Treasury:
	 	 	4,763,339.73	 	 	 	4,829,942.75	 	 	 	 	 	 	 	4,936,086.40	 	 	 	11.72	%	 	 	198,599.92	 	 	 	4.265	 	 	 	2.532	 	 	 	7.78029	 	 	AAA	 	AAA
	 
	C1 MMMF
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	0.00	 	 	BlackRock Temp Fund
	 	 	0.00	 	 	 	0.00	 	 	 	1.00000	 	 	 	0.00	 	 	 	0.00	%	 	 	0.00	 	 	 	0.000	 	 	 	0.000	 	 	 	N/A	 	 	UN	 	UN
	 	 	 	 	0.00000
	 	 	 	 	 	 	 	 	 	 	06/30/2010	 	 	 	06/30/2010	 	 	 	06/30/2010	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	09248U-61-9
	 	 	1	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	0.00	 	 	Wells Fargo Bank
	 	 	0.00	 	 	 	0.00	 	 	 	1.00000	 	 	 	0.00	 	 	 	0.00	%	 	 	0.00	 	 	 	0.000	 	 	 	0.000	 	 	 	N/A	 	 	UN	 	UN
	 	 	 	 	0.00000
	 	 	 	 	 	 	 	 	 	 	04/30/2010	 	 	 	04/30/2010	 	 	 	04/30/2010	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	949917-39-7
	 	 	1	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	0.00	 	 	WELLS FARGO ADVANTAGE HERTIAGE MMF
	 	 	0.00	 	 	 	0.00	 	 	 	1.00000	 	 	 	0.00	 	 	 	0.00	%	 	 	0.00	 	 	 	0.000	 	 	 	0.000	 	 	 	N/A	 	 	UN	 	UN
	 	 	 	 	0.00000
	 	 	 	 	 	 	 	 	 	 	11/09/2009	 	 	 	11/09/2009	 	 	 	11/09/2009	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	VP7000-22-8
	 	 	1	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	0.00	 	 	WELLS FARGO ADVANTAGE HERTIAGE MMF
	 	 	0.00	 	 	 	0.00	 	 	 	1.00000	 	 	 	0.00	 	 	 	0.00	%	 	 	0.00	 	 	 	0.000	 	 	 	0.000	 	 	 	N/A	 	 	UN	 	UN
	 	 	 	 	0.00000
	 	 	 	 	 	 	 	 	 	 	02/01/2010	 	 	 	02/01/2010	 	 	 	11/09/2009	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	VP7000-22-8
	 	 	2	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 

			
	 	 	 
	Run Date: 7/11/2011
	 	Page 12
	Time: 2:44:22PM	 	 

 

 

     

National Title Insurance Company Of New York

(Continued)

Holdings as of June 30, 2011 Accounting Date

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	Security Description	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	Int/Div Rate	 	 	 	Maturity Date	 	Book Value	 	Cost	 	Market / Unit	 	 	 	 	 	 	 	 	 	Estimated Annual	 	Current	 	Market	 	Modified	 	S&P	 	Moodys
	Par or Shares	 	Cusip	 	Lot	 	Option Date	 	Trade Date	 	Settlement Date	 	Pricing Date	 	Market Value	 	% of Type	 	Income	 	Yield	 	YTM	 	Duration	 	Rating	 	Rating
	 	0.00	 	 	WELLS FARGO ADVANTAGE HERTIAGE MMF
	 	 	0.00	 	 	 	0.00	 	 	 	1.00000	 	 	 	0.00	 	 	 	0.00	%	 	 	0.00	 	 	 	0.000	 	 	 	0.000	 	 	 	N/A	 	 	UN	 	UN
	 	 	 	 	0.00000
	 	 	 	 	 	 	 	 	02/28/2010	 	 	 	02/28/2010	 	 	 	11/09/2009	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	VP7000-22-8
	 	3	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	0.00	 	 	Total C1 MMMF:
	 	 	0.00	 	 	 	0.00	 	 	 	 	 	 	 	0.00	 	 	 	0.00	%	 	 	0.00	 	 	 	0.000	 	 	 	0.000	 	 	 	0.00000	 	 	AAA	 	AAA
	 
	Other MMF
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	0.00	 	 	WELLS FARGO ADVANTAGE MMF 3279
	 	 	0.00	 	 	 	0.00	 	 	 	1.00000	 	 	 	0.00	 	 	 	0.00	%	 	 	0.00	 	 	 	0.000	 	 	 	0.000	 	 	 	N/A	 	 	UN	 	UN
	 	 	 	 	0.00000
	 	 	 	 	 	 	 	 	08/04/2009	 	 	 	08/04/2009	 	 	 	08/04/2009	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	VP3000-01-6
	 	1	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	0.00	 	 	Total Other MMF:
	 	 	0.00	 	 	 	0.00	 	 	 	 	 	 	 	0.00	 	 	 	0.00	%	 	 	0.00	 	 	 	0.000	 	 	 	0.000	 	 	 	0.00000	 	 	AAA	 	AAA
	 
	US Sponsored Agency
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	300,000.00	 	 	FHLB NOTE 5.25% 06/18/14
	 	 	309,333.60	 	 	 	317,908.20	 	 	 	112.70700	 	 	 	338,121.00	 	 	 	14.65	%	 	 	15,750.00	 	 	 	4.658	 	 	 	0.900	 	 	 	2.78151	 	 	AAA	 	AAA
	 	 	 	 	5.25000
	 	 	 	 	06/18/2014	 	 	 	06/02/2008	 	 	 	06/03/2008	 	 	 	06/30/2011	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	3133X7-FK-5
	 	1	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	150,000.00	 	 	FHLB NOTE 5.25% 06/18/14
	 	 	154,292.79	 	 	 	157,993.35	 	 	 	112.70700	 	 	 	169,060.50	 	 	 	7.32	%	 	 	7,875.00	 	 	 	4.658	 	 	 	0.900	 	 	 	2.78151	 	 	AAA	 	AAA
	 	 	 	 	5.25000
	 	 	 	 	06/18/2014	 	 	 	08/12/2008	 	 	 	08/13/2008	 	 	 	06/30/2011	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	3133X7-FK-5
	 	2	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	250,000.00	 	 	FHLB NOTE 5.375% 05/18/16
	 	 	248,866.61	 	 	 	247,986.00	 	 	 	115.99000	 	 	 	289,975.00	 	 	 	12.56	%	 	 	13,437.50	 	 	 	4.634	 	 	 	1.928	 	 	 	4.33967	 	 	AAA	 	AAA
	 	 	 	 	5.37500
	 	 	 	 	05/18/2016	 	 	 	07/20/2006	 	 	 	07/21/2006	 	 	 	06/30/2011	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	3133XF-JF-4
	 	1	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	200,000.00	 	 	FNMA NOTE 5.25% 08/01/12
	 	 	201,423.96	 	 	 	205,110.00	 	 	 	105.19800	 	 	 	210,396.00	 	 	 	9.12	%	 	 	10,500.00	 	 	 	4.991	 	 	 	0.447	 	 	 	1.04714	 	 	 	A	 	 	 	AA2	 
	 	 	 	 	5.25000
	 	 	 	 	08/01/2012	 	 	 	06/02/2008	 	 	 	06/03/2008	 	 	 	06/30/2011	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	31359M-NU-3
	 	1	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	300,000.00	 	 	FNMA NOTE 5.25% 08/01/12
	 	 	302,135.95	 	 	 	305,664.05	 	 	 	105.19800	 	 	 	315,594.00	 	 	 	13.67	%	 	 	15,750.00	 	 	 	4.991	 	 	 	0.447	 	 	 	1.04714	 	 	 	A	 	 	 	AA2	 
	 	 	 	 	5.25000
	 	 	 	 	08/01/2012	 	 	 	08/01/2009	 	 	 	08/01/2009	 	 	 	06/30/2011	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	31359M-NU-3
	 	2	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	200,000.00	 	 	FNMA NOTE 5.25% 08/01/12
	 	 	201,423.96	 	 	 	203,425.97	 	 	 	105.19800	 	 	 	210,396.00	 	 	 	9.12	%	 	 	10,500.00	 	 	 	4.991	 	 	 	0.447	 	 	 	1.04714	 	 	 	A	 	 	 	AA2	 
	 	 	 	 	5.25000
	 	 	 	 	08/01/2012	 	 	 	11/18/2009	 	 	 	11/18/2009	 	 	 	06/30/2011	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	31359M-NU-3
	 	3	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	120,000.00	 	 	FHLMC NOTE 5% 04/18/17
	 	 	118,044.44	 	 	 	117,026.88	 	 	 	115.35000	 	 	 	138,420.00	 	 	 	6.00	%	 	 	6,000.00	 	 	 	4.335	 	 	 	2.202	 	 	 	5.14330	 	 	AAA	 	AAA
	 	 	 	 	5.00000
	 	 	 	 	04/18/2017	 	 	 	08/06/2007	 	 	 	08/07/2007	 	 	 	05/31/2011	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	3137EA-AS-8
	 	1	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 

			
	 	 	 
	Run Date: 7/11/2011
	 	Page 13
	Time: 2:44:22PM	 	 

 

 

     

National Title Insurance Company Of New York

(Continued)

Holdings as of June 30, 2011 Accounting Date

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	Security Description	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	Int/Div Rate	 	 	 	 	 	Maturity Date	 	Book Value	 	Cost	 	Market / Unit	 	 	 	 	 	 	 	 	 	Estimated Annual	 	Current	 	Market	 	Modified	 	S&P	 	Moodys
	Par or Shares	 	Cusip	 	Lot	 	Option Date	 	Trade Date	 	Settlement Date	 	Pricing Date	 	Market Value	 	% of Type	 	Income	 	Yield	 	YTM	 	Duration	 	Rating	 	Rating
	 	600,000.00	 	 	FNMA NOTE 4.75% 11/19/12
	 	 	607,169.93	 	 	 	621,827.40	 	 	 	106.01600	 	 	 	636,096.00	 	 	 	27.56	%	 	 	28,500.00	 	 	 	4.480	 	 	 	0.393	 	 	 	1.35010	 	 	AAA	 	AAA
	 	 	 	 	4.75000
	 	 	 	 	 	 	11/19/2012	 	 	 	06/02/2008	 	 	 	06/03/2008	 	 	 	06/30/2011	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	31398A-HZ-8
	 	 	1	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	2,120,000.00	 	 	Total US Sponsored Agency:
	 	 	2,142,691.24	 	 	 	2,176,941.85	 	 	 	 	 	 	 	2,308,058.50	 	 	 	5.48	%	 	 	108,312.50	 	 	 	4.693	 	 	 	0.823	 	 	 	2.17107	 	 	AA	 	AA1
	 	 	 	 	 
	 	 	 	 	 	Total Portfolio:	 	 	41,239,384.78	 	 	 	41,740,203.20	 	 	 	 	 	 	 	42,124,541.30	 	 	 	100.00	%	 	 	1,714,796.22	 	 	 	4.347	 	 	 	2.678	 	 	 	5.96779	 	 	AA-	 	AA3

			
	 	 	 
	Run Date: 7/11/2011
	 	Page 14
	Time: 2:44:22PM	 	 

 

 

SCHEDULE 7.03

EXISTING INDEBTEDNESS

	1.	 	Lease documentation related to the leasing of aircraft (including engines and spare and other
related parts) by Lender Processing Services, Inc. existing on the Effective Date or entered
into upon the replacement or substitution of such aircraft including but not limited to that
certain Assignment and Fourth Amendment to Lease and Assumption Agreement for Aircraft Lease
(S/N 258568) between Fidelity National Information Services, Inc. and Lender Processing
Services, Inc.

	2.	 	Earn-out obligations as set forth on Schedule 7.02.

 

 

SCHEDULE 7.07

TRANSACTIONS WITH AFFILIATES

NONE

 

 

SCHEDULE 7.08

EXISTING RESTRICTIONS

NONE

 

 

SCHEDULE 10.02

ADDRESSES FOR NOTICES

ADMINISTRATIVE AGENT’S OFFICE; CERTAIN ADDRESSES FOR NOTICES

Administrative Agent, Swing Line Lender and L/C Issuer

	 	 	 

	Administrative Contact:

	 	Administrative Contact (copy):
	 
	 	 
	JPMorgan Chase Bank, N.A.

	 	JPMorgan Chase Bank, N.A.
	1111 Fannin Street, Floor 10

	 	383 Madison Avenue, Floor 24
	Houston, Texas 77002-6925

	 	New York, NY 10179
	Attention: Shannon Handcox

	 	Attention: Tina Ruyter
	Tel: 713-427-6103

	 	Tel: 212-270-4676
	Fax: 713-750-2878

	 	Fax: 212-270-5127
	Email: Shannon.L.Handcox@jpmorgan.com

	 	Email: Tina.Ruyter@jpmorgan.com
	Additional Email:
	 	 
	covenant.compliance@jpmchase.com
	 	 
	 
	 	 
	Swing Line Lender:

	 	L/C Issuer:
	 
	 	 
	JPMorgan Chase Bank, N.A.

	 	JPMorgan Chase Bank, N.A.
	1111 Fannin Street, Floor 10

	 	1111 Fannin Street, Floor 10
	Houston, Texas 77002-6925

	 	Houston, Texas 77002-6925
	Attention: Shannon Handcox

	 	Attention: Shannon Handcox
	Tel: 713-427-6103

	 	Tel: 713-427-6103
	Fax: 713-750-2878

	 	Fax: 713-750-2878
	Email: Shannon.L.Handcox@jpmorgan.com

	 	Email: Shannon.L.Handcox@jpmorgan.com

 

Account No: 9008113381H2680

ABA#: 021000021

 

 

BORROWER

	 	 	 

	 

	 	Copy:
	 
	 	 
	Lender Processing Services, Inc.

	 	Lender Processing Services, Inc.
	601 Riverside Avenue

	 	601 Riverside Avenue
	Jacksonville, Florida 32204

	 	Jacksonville, Florida 32204
	Attention: Todd C. Johnson, EVP
& General Counsel

	 	Attention: Jennifer F. Alvarado, SVP & Treasurer
	Tel: 904-854-8547

	 	Tel: 904-854-3948
	Fax: 904-357-1036

	 	E-Mail: jenny.alvarado@lpsvcs.com
	E-Mail: todd.johnson@lpsvcs.com
	 	 

 

 

EXHIBIT A

FORM OF COMMITTED LOAN NOTICE

Date: ___________, _____

To: JPMorgan Chase Bank, N.A., as Administrative Agent

Ladies and Gentlemen:

     Reference is made to the Amended and Restated Credit Agreement dated as of August 18, 2011 (as
amended, restated, amended and restated, extended, supplemented or otherwise modified in writing
from time to time, the “Agreement”; the terms defined therein being used herein as therein
defined), among Lender Processing Services, Inc., a Delaware corporation (the “Borrower”), each
lender party thereto and JPMorgan Chase Bank, N.A., as Administrative Agent, Swing Line Lender and
L/C Issuer.

     The Borrower hereby requests (select one):

      ̈ A Borrowing of Committed Loans           ̈ A conversion or continuation of Loans

	 	1.	 	On __________________________ (a Business Day).
	 
	 	2.	 	In the amount of _______________________.
	 
	 	3.	 	Comprised of
	 
	 	 	 	__Revolver     __Term Loan A     __Term Loan B
	 
	 	 	 	___Eurocurrency (LIBOR)     ___Base Rate
	 
	 	4.	 	For Eurodollar Rate Loans: with an Interest Period [ending August 31,
2011][of ______ [month[s]][week[s]].

     In cases of Revolver borrowings, the Borrowing requested herein complies with the proviso to
the first sentence of Section 2.01(c) of the Agreement.

A-1

 

	 	 	 	 	 
	 	LENDER PROCESSING SERVICES, INC.

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 

A-2

 

EXHIBIT B

FORM OF SWING LINE LOAN NOTICE

Date: ___________, _____

			
	To:	 	[ATTN: ___________]

JPMorgan Chase Bank, N.A., as Swing Line Lender and Administrative Agent

Ladies and Gentlemen:

     Reference is made to the Amended and Restated Credit Agreement dated as of August 18, 2011 (as
amended, restated, amended and restated, extended, supplemented or otherwise modified in writing
from time to time, the “Agreement”; the terms defined therein being used herein as therein
defined), among Lender Processing Services, Inc., a Delaware corporation (the “Borrower”), each
lender party thereto and JPMorgan Chase Bank, N.A., as Administrative Agent, Swing Line Lender and
L/C Issuer.

     The Borrower hereby requests a Swing Line Loan:

	 	1.	 	On _________________________ (a Business Day).
	 
	 	2.	 	Borrowing $________________________
	 
	 	 	 	OR Repayment in the amount of: $_________________________

	 	 	 	 	 
	Date of Borrowing	 	Repayment Amount $	 	Amount $ Remaining
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 

	 	3.	 	The aggregate principal balance of Swing Line Loans outstanding (after
giving effect to advance request hereunder) is $________________________ (after
giving effect to all repayment of the Swing Line Loans being made on such date).

B-1

 

     The Swing Line Borrowing requested herein complies with the requirements of the provisos to
the first sentence of Section 2.04(a) of the Agreement.

	 	 	 	 	 
	 	LENDER PROCESSING SERVICES, INC.

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 

B-2

 

EXHIBIT C-1

FORM OF TERM A NOTE

___________

     FOR VALUE RECEIVED, the undersigned (the “Borrower”), hereby promises to pay to
_____________________ or its registered assigns (the “Term A Lender”), in accordance with the
provisions of the Agreement (as hereinafter defined), the aggregate unpaid principal amount of each
Term A Loan made by the Term A Lender to the Borrower under that certain Amended and Restated
Credit Agreement dated as of August 18, 2011 (as amended, restated, amended and restated, extended,
supplemented or otherwise modified in writing from time to time, the “Agreement”; the terms defined
therein being used herein as therein defined), among Lender Processing Services, Inc., a Delaware
corporation, each lender party thereto and JPMorgan Chase Bank, N.A., as Administrative Agent,
Swing Line Lender and L/C Issuer.

     The Borrower promises to pay interest on the aggregate unpaid principal amount of each Term A
Loan made by the Term A Lender to the Borrower under the Agreement from the date of such Term A
Loan until such principal amount is paid in full, at such interest rates and at such times as
provided in the Agreement. All payments of principal and interest shall be made to the
Administrative Agent for the account of the Term A Lender in Dollars in immediately available
funds. If any amount is not paid in full when due hereunder, such unpaid amount shall bear
interest, to be paid upon demand, from the due date thereof until the date of actual payment (and
before as well as after judgment) computed at the per annum rate set forth in the Agreement.

     This Term A Note is one of the Term Notes referred to in the Agreement, is entitled to the
benefits thereof and may be prepaid in whole or in part subject to the terms and conditions
provided therein. This Term A Note is also entitled to the benefits of the Subsidiary Guaranty and
is secured by the Collateral. Upon the occurrence and during the continuation of one or more of
the Events of Default specified in the Agreement, all amounts then remaining unpaid on this Term A
Note shall become, or may be declared to be, immediately due and payable all as provided in the
Agreement. Term A Loans made by the Term A Lender shall be evidenced by one or more loan accounts
or records maintained by the Term A Lender in the ordinary course of business. The Term A Lender
may also attach schedules to this Term A Note and endorse thereon the date, amount and maturity of
its Term A Loans and payments with respect thereto.

C-1-1

 

     The Borrower, for itself and its successors and assigns, hereby waives diligence, presentment,
protest and demand and notice of protest, demand, dishonor and non-payment of this Term A Note.

     THIS TERM A NOTE SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE
OF NEW YORK.

	 	 	 	 	 
	 	LENDER PROCESSING SERVICES, INC.

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 

C-1-2

 

TERM A LOANS AND PAYMENTS WITH RESPECT THERETO

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	Amount of	 	 	Outstanding	 	 	 	 
	 	 	Type of	 	 	Amount of	 	 	End of	 	 	Principal or	 	 	Principal	 	 	 	 
	 	 	Term A	 	 	Term A	 	 	Interest	 	 	Interest Paid	 	 	Balance This	 	 	Notation	 
	Date	 	Loan Made	 	 	Loan Made	 	 	Period	 	 	This Date	 	 	Date	 	 	Made By	 
	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 

C-1-3

 

EXHIBIT C-2

FORM OF TERM B NOTE

___________

     FOR VALUE RECEIVED, the undersigned (the “Borrower”), hereby promises to pay to
_____________________ or registered assigns (the “Term B Lender”), in accordance with the
provisions of the Agreement (as hereinafter defined), the aggregate unpaid principal amount of each
Term B Loan made by the Term B Lender the Borrower under that certain Amended and Restated Credit
Agreement dated as of August 18, 2011 (as amended, restated, amended and restated, extended,
supplemented or otherwise modified in writing from time to time, the “Agreement”; the terms defined
therein being used herein as therein defined), among Lender Processing Services, Inc., a Delaware
corporation, each lender party thereto and JPMorgan Chase Bank, N.A., as Administrative Agent,
Swing Line Lender and L/C Issuer.

     The Borrower promises to pay interest on the aggregate unpaid principal amount of each Term B
Loan made by the Term B Lender to the Borrower under the Agreement from the date of such Term B
Loan until such principal amount is paid in full, at such interest rates and at such times as
provided in the Agreement. All payments of principal and interest shall be made to the
Administrative Agent for the account of the Term B Lender in Dollars in immediately available
funds. If any amount is not paid in full when due hereunder, such unpaid amount shall bear
interest, to be paid upon demand, from the due date thereof until the date of actual payment (and
before as well as after judgment) computed at the per annum rate set forth in the Agreement.

     This Term B Note is one of the Term Notes referred to in the Agreement, is entitled to the
benefits thereof and may be prepaid in whole or in part subject to the terms and conditions
provided therein. This Term B Note is also entitled to the benefits of the Subsidiary Guaranty and
is secured by the Collateral. Upon the occurrence and during the continuation of one or more of
the Events of Default specified in the Agreement, all amounts then remaining unpaid on this Term B
Note shall become, or may be declared to be, immediately due and payable all as provided in the
Agreement. Term B Loans made by the Term B Lender shall be evidenced by one or more loan accounts
or records maintained by the Term B Lender in the ordinary course of business. The Term B Lender
may also attach schedules to this Term B Note and endorse thereon the date, amount and maturity of
its Term B Loans and payments with respect thereto.

     The Borrower, for itself and its successors and assigns, hereby waives diligence, presentment,
protest and demand and notice of protest, demand, dishonor and non-payment of this Term B Note.

C-2-1

 

     THIS TERM B NOTE SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE
OF NEW YORK.

	 	 	 	 	 
	 	LENDER PROCESSING SERVICES, INC.

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 

C-2-2

 

TERM B LOANS AND PAYMENTS WITH RESPECT THERETO

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	Amount of	 	 	Outstanding	 	 	 	 
	 	 	Type of	 	 	Amount of	 	 	End of	 	 	Principal or	 	 	Principal	 	 	 	 
	 	 	Term B	 	 	Term B	 	 	Interest	 	 	Interest Paid	 	 	Balance This	 	 	Notation	 
	Date	 	Loan Made	 	 	Loan Made	 	 	Period	 	 	This Date	 	 	Date	 	 	Made By	 
	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 

C-2-3

 

EXHIBIT C-3

FORM OF REVOLVING CREDIT NOTE

___________

     FOR VALUE RECEIVED, the undersigned (the “Borrower”), hereby promises to pay to
_____________________ or registered assigns (the “Revolving Credit Lender”), in accordance with the
provisions of the Agreement (as hereinafter defined), the aggregate unpaid principal amount of each
Revolving Credit Loan made by the Revolving Credit Lender from time to time to the Borrower under
that certain Amended and Restated Credit Agreement dated as of August 18, 2011 (as amended,
restated, amended and restated, extended, supplemented or otherwise modified in writing from time
to time, the “Agreement”; the terms defined therein being used herein as therein defined), among
Lender Processing Services, Inc., a Delaware corporation, each lender party thereto and JPMorgan
Chase Bank, N.A., as Administrative Agent, Swing Line Lender and L/C Issuer.

     The Borrower promises to pay interest on the aggregate unpaid principal amount of each
Revolving Credit Loan made from time to time by the Revolving Credit Lender to the Borrower under
the Agreement from the date of such Revolving Credit Loan until such principal amount is paid in
full, at such interest rates and at such times as provided in the Agreement. All payments of
principal and interest shall be made to the Administrative Agent (or, in the case of Swing Line
Loans, to the Swing Line Lender) for the account of the Revolving Credit Lender in Dollars and in
immediately available funds. If any amount is not paid in full when due hereunder, such unpaid
amount shall bear interest, to be paid upon demand, from the due date thereof until the date of
actual payment (and before as well as after judgment) computed at the per annum rate set forth in
the Agreement.

     This Revolving Credit Note is one of the Revolving Credit Notes referred to in the Agreement,
is entitled to the benefits thereof and may be prepaid in whole or in part subject to the terms and
conditions provided therein. This Revolving Credit Note is also entitled to the benefits of the
Subsidiary Guaranty and is secured by the Collateral. Upon the occurrence and during the
continuation of one or more of the Events of Default specified in the Agreement, all amounts then
remaining unpaid on this Revolving Credit Note shall become, or may be declared to be, immediately
due and payable all as provided in the Agreement. Revolving Credit Loans made by the Revolving
Credit Lender shall be evidenced by one or more loan accounts or records maintained by the
Revolving Credit Lender in the ordinary course of business. The Revolving Credit Lender may also
attach schedules to this Revolving Credit Note and endorse thereon the date,

C-3-1

 

amount and maturity of its Revolving Credit Loans and payments with respect thereto.

     The Borrower, for itself and its successors and assigns, hereby waives diligence, presentment,
protest and demand and notice of protest, demand, dishonor and non-payment of this Revolving Credit
Note.

     THIS REVOLVING CREDIT NOTE SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF
THE STATE OF NEW YORK.

	 	 	 	 	 
	 	LENDER PROCESSING SERVICES, INC.

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 

C-3-2

 

	 	 	 	 	 

LOANS AND PAYMENTS WITH RESPECT THERETO

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	Amount of	 	 	Outstanding	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	End of	 	 	Principal or	 	 	Principal	 	 	 	 
	 	 	Type of	 	 	Amount of	 	 	Interest	 	 	Interest Paid	 	 	Balance This	 	 	Notation	 
	Date	 	Loan Made	 	 	Loan Made	 	 	Period	 	 	This Date	 	 	Date	 	 	Made By	 
	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 

C-3-3

 

EXHIBIT D

FORM OF COMPLIANCE CERTIFICATE

Financial Statement Date: _______, ____

To: JPMorgan Chase Bank, N.A., as Administrative Agent

Ladies and Gentlemen:

     Reference is made to that certain Amended and Restated Credit Agreement dated as of August 18,
2011 (as amended, restated, amended and restated, extended, supplemented or otherwise modified in
writing from time to time, the “Agreement”; the terms defined therein being used herein as therein
defined), among Lender Processing Services, Inc., a Delaware corporation (the “Borrower”), each
lender party thereto and JPMorgan Chase Bank, N.A., as Administrative Agent, Swing Line Lender and
L/C Issuer.

     The undersigned Responsible Officer of the Borrower hereby certifies as of the date hereof
that he/she is the _________________ of the Borrower, and that, as such, he/she is authorized to
execute and deliver this Compliance Certificate to the Administrative Agent on the behalf of the
Borrower and its Restricted Subsidiaries, and hereby certifies on behalf of the Borrower that:

     [Use following paragraph 1 for fiscal year-end financial statements]

     1. Attached hereto as Schedule 1 are the year-end audited financial statements required by
Section 6.01(a) of the Agreement for the fiscal year of the Borrower and its Subsidiaries ended as
of the above date, together with the report and opinion of the independent certified public
accountant required by such Section.

     [Use following paragraph 1 for fiscal quarter financial statements]

     1. Attached hereto as Schedule 1 are the unaudited financial statements required by Section
6.01(b) of the Agreement for the fiscal quarter of the Borrower ended as of the above date. Such
financial statements fairly present in all material respects the financial condition, results of
operations, shareholders’ equity and cash flows of the Borrower and its Subsidiaries in accordance
with GAAP as at such date and for such period, subject only to normal year-end audit adjustments
and the absence of footnotes.

     2. To the knowledge of the undersigned Responsible Officer, the Borrower has caused to be
made, a review of the activities of the Borrower and its Restricted Subsidiaries in regard to the
matters relevant to this Compliance Certificate during such fiscal period and has required that the
results thereof be reported to the undersigned Responsible Officer.

D-1

 

[select one:]

     [To the knowledge of the undersigned Responsible Officer after taking into account the review
reports described above, no Default has occurred during such fiscal period and is continuing on the
Financial Statement Date.]

—or—

     [To the knowledge of the undersigned Responsible Officer after taking into account the review
reports described above, the following is a list of each Default (and its nature and status) that
has occurred during such fiscal period and is continuing on the Financial Statement Date:]

     3. The financial covenant analyses and information set forth on Schedule 2 attached hereto are
delivered in compliance with Section 6.02(b).

     4. Attached hereto as Schedule 3 are (a) a report identifying all Material Real Property
disposed of by any Loan Party or any of its Restricted Subsidiaries since the delivery of the last
supplements and a list and description of all Material Real Property acquired since the delivery of
the last supplements (including the street address (if available), county or other relevant
jurisdiction, state and the record owner), (b) a description of all events, conditions or
circumstances during the fiscal quarter ended as of the above date requiring a mandatory prepayment
under Section 2.05(b) of the Agreement (excluding any event regarding which the Borrower has
notified the Administrative Agent that the Borrower intends to reinvest the Net Cash Proceeds
thereof, provided that either such reinvestment has been made or the time permitted for such
reinvestment has not expired during such period) and (c) a list of each Subsidiary that is a
Regulated Subsidiary as of the date of delivery of this Compliance Certificate that was not
identified as such either in Schedule 5.10 to the Agreement or in any Compliance Certificate
previously delivered pursuant to Section 6.02(f) of the Agreement, in each case as required by
Section 6.02(f) of the Agreement.

     [Include the following paragraph 5 if proceeds of Dispositions of assets other than Excluded
Dispositions and Casualty Events were deducted from Excess Cash Flow during the relevant period.]

     5. The following sum was deducted from Excess Cash Flow for the fiscal year ending on the
Financial Statement Date pursuant to clause (b)(vi) of the definition of “Excess Cash Flow”:
$_______.

D-2

 

     IN WITNESS WHEREOF, the undersigned Responsible Officer has executed this Certificate on
behalf of the Borrower as of _______________.

	 	 	 	 	 
	 	LENDER PROCESSING SERVICES, INC.

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 

D-3

 

SCHEDULE 1

to the Compliance Certificate

[Audited or unaudited financial statements required by Section 6.01(a) or (b) of the Agreement]

1

 

SCHEDULE 2

to the Compliance Certificate

($ in 000’s)

For the Quarter/Year ended _______________ (“Financial Statement Date”)

“Subject Period” means the four consecutive fiscal quarters ending on the Financial Statement Date.

All Section references refer to the Agreement.

	 	 	 	 	 

	I. Section 7.09 (a)—Leverage Ratio1
	 	 	 	 
	 
	 	 	 	 
	A. Consolidated EBITDA of the Borrower and its Restricted
Subsidiaries
	 	 	 	 
	 
	 	 	 	 
	1. Consolidated Net Income:
	 	$	 	 
	 
	 	 	 
	 
	 	 	 	 
	2. The sum of the amount which, in the determination of
Consolidated Net Income for such period, was deducted for,
without duplication:
	 	 	 	 
	(i)   total interest expense:
	 	$	 	 
	 
	 	 	 
	(ii)   income, franchise and similar taxes:
	 	$	 	 
	 
	 	 	 
	(iii)  depreciation and amortization expense (including
amortization of intangibles, goodwill and organization
costs):
	 	$	 	 
	 
	 	 	 
	(iv)  letter of credit fees:
	 	$	 	 
	 
	 	 	 
	(v)   non-cash expenses resulting from any employee
benefit or management compensation plan or the grant of
stock and stock options to employees pursuant to a
written plan or agreement or the treatment of such
options under variable plan accounting:
	 	$	 	 
	 
	 	 	 
	(vi)  extraordinary charges:
	 	$	 	 
	 
	 	 	 
	(vii)  non-cash amortization (or write offs) of financing
costs (including debt discount, debt issuance costs and
commissions and other fees associated with Indebtedness,
including the Loans):
	 	$	 	 
	 
	 	 	 
	(viii) cash expenses incurred in connection with the
Transaction or, to the extent permitted under the
Agreement, any Investment permitted under Section 7.02
(including any Permitted Acquisition), Equity Issuance
or Debt Issuance (in each case, whether or not
consummated):
	 	$	 	 
	 
	 	 	 

 

			
	1	 	Calculated as of the end of any fiscal
quarter of the Borrower (beginning with the fiscal quarter ending September 30,
2011) for the Subject Period.

2

 

	 	 	 	 	 

	(ix)  losses realized upon the Disposition of property or
assets outside of the ordinary course of business:
	 	$	 	 
	 
	 	 	 
	(x)   to the extent actually reimbursed, expenses incurred
to the extent covered by indemnification provisions in
any agreement in connection with a Permitted
Acquisition:
	 	$	 	 
	 
	 	 	 
	(xi)   to the extent covered by insurance, expenses with
respect to liability or casualty events or business
interruption:
	 	$	 	 
	 
	 	 	 
	(xii)   non-cash purchase accounting adjustment and any
non-cash write-up, write-down or write-off with respect
to re-valuing assets and liabilities in connection with
any Investment permitted under Section 7.02 (including
any Permitted Acquisition):
	 	$	 	 
	 
	 	 	 
	(xiii)   non-cash losses from Joint Ventures and non-cash
minority interest reductions:
	 	$	 	 
	 
	 	 	 
	(xiv)  fees and expenses in connection with exchanges or
refinancings permitted by Section 7.10:
	 	$	 	 
	 
	 	 	 
	(xv)   (A) non-cash, non-recurring charges with respect to
employee severance, (B) other non-cash, non-recurring
charges so long as such charges described in this clause
(B) do not result in a cash charge in a future period
(except as permitted in clause (C) below) and (C)
non-recurring charges other than those referred to in
clauses (A) and (B) so long as such charges described in
this clause (C) do not exceed $35,000,000 during any
fiscal year:
	 	$	 	 
	 
	 	 	 
	(xvi)  other expenses or charges reducing Consolidated
Net Income which do not represent a cash item in such
period or any future period:
	 	$	 	 
	 
	 	 	 
	Total
	 	$	 	 
	 
	 	 	 
	 
	 	 	 	 
	3. The sum of the amount which, in the determination of
Consolidated Net Income, has been included for:
	 	 	 	 
	(i)   non-cash gains (other than with respect to cash
actually received) and extraordinary gains:
	 	$	 	 
	 
	 	 	 
	(ii)   gains realized upon the Disposition of property
outside of the ordinary course of business:
	 	$	 	 
	 
	 	 	 
	Total
	 	$	 	 
	 
	 	 	 

3

 

	 	 	 	 	 

	4. An amount which, in the determination of Consolidated Net
Income, has been reflected for unrealized losses/gains in
respect of Swap Contracts:
	 	$	 	 
	 
	 	 	 
	 
	 	 	 	 
	5. Consolidated EBITDA (Line I.A.1 + Total for I.A.2 — Total
for I.A.3 (+/-) Line I.A.4)
	 	$	 	 
	 
	 	 	 
	 
	 	 	 	 
	B. Total Indebtedness of the Borrower and its Restricted
Subsidiaries at the Financial Statement Date
	 	 	 	 
	 
	 	 	 	 
	1. The aggregate Outstanding Amount of all Loans, the aggregate
undrawn amount of all outstanding trade Letters of Credit and
all Unreimbursed Amounts:
	 	$	 	 
	 
	 	 	 
	 
	 	 	 	 
	2. The sum of the following other Indebtedness of the Borrower
and its Restricted Subsidiaries, in each case other than
Specified Non-Recourse Indebtedness:2
	 	 	 	 
	 
	 	 	 	 
	(i)   all obligations for borrowed money and all
obligations evidenced by bonds, debentures, notes, loan
agreements or other similar instruments or agreements:
	 	$	 	 
	 
	 	 	 
	(ii)   the maximum available amount of all letters of credit
(including standby and commercial) and bankers’
acceptances, in each case solely to the extent drawn and
unreimbursed:
	 	$	 	 
	 
	 	 	 
	(iii)   all obligations to pay the deferred purchase price of
property or services (other than (i) trade accounts payable
in the ordinary course of business, (ii) any earn-out
obligation until such obligation appears in the liabilities
section of the balance sheet, and (iii) any earn-out
obligation that appears in the liabilities section of the
balance sheet, to the extent (A) indemnified for the
payment thereof by a solvent Person reasonably acceptable
to the Administrative Agent or (B) amounts to be applied to
the payment therefor are in escrow):
	 	$	 	 
	 
	 	 	 

 

			
	2	 	Item 2 shall include the Indebtedness of any
partnership or joint venture (other than a joint venture that is itself a
corporation or limited liability company) in which the Borrower or any of its
Subsidiaries is a general partner or a joint venturer, unless such Indebtedness
is non-recourse to such Person.

4

 

	 	 	 	 	 

	(iv)   indebtedness (excluding prepaid interest thereon)
secured by a Lien on property owned or being purchased by
such Person (including indebtedness arising under
conditional sales or other title retention agreements and
mortgage, industrial revenue bond, industrial development
bond and similar financings), whether or not such
indebtedness shall have been assumed by such Person or is
limited in recourse (the amount for purposes of this Item
(iv) shall be deemed to be equal to the lesser of (x) the
aggregate unpaid amount of such indebtedness and (y) the
fair market value of the property encumbered thereby as
determined by such Person in good faith):
	 	$	 	 
	 
	 	 	 
	(v)   all Attributable Indebtedness:
	 	$	 	 
	 
	 	 	 
	(vi)   all indebtedness or similar financing obligations under any Securitization Financing:
	 	$	 	 
	 
	 	 	 
	(vii)  all Guarantees of the Borrower and its Restricted
Subsidiaries of any of items (i) through (vi):
	 	$	 	 
	 
	 	 	 
	Subtotal:
	 	$	 	 
	 
	 	 	 
	 
	 	 	 	 
	3. Total Indebtedness (Item 1 + Subtotal for Item
2):3
	 	$	 	 
	 
	 	 	 
	 
	 	 	 	 
	Leverage Ratio (Line I.B.3 ÷ Line I.A.5)
	 	 	__: 1.00	 

	Maximum
permitted:

	 	 	 
	Period Ending Date       	 	Leverage Ratio
	September 30, 2011 through June 30, 2013

	 	3.25:1.00
	September 30, 2013 through June 30, 2014

	 	3.00:1.00
	September 30, 2014 and thereafter

	 	2.75:1.00

 

			
	3	 	To be reduced, in the case of any
Indebtedness of a Majority-Owned Subsidiary, by an amount directly proportional
to the amount (if any) by which Consolidated EBITDA determined pursuant to
Section I.A. above was reduced (including through the calculation of
Consolidated Net Income) by the elimination of a minority interest in such
Majority-Owned Subsidiary owned by a Person other than a Consolidated Company.

5

 

	 	 	 	 	 

	II. Section 7.09 (b)—Interest Coverage Ratio4
	 	 	 	 
	 
	 	 	 	 
	A. Consolidated EBITDA of the Borrower and its Restricted
Subsidiaries (Line I.A.5 above):
	 	$	 	 
	 
	 	 	 
	 
	 	 	 	 
	B. Consolidated Interest Charges of the Borrower and its
Restricted Subsidiaries for the Subject Period, which is the
amount payable with respect to:
	 	 	 	 
	 
	 	 	 	 
	1. total interest expense payable in cash plus
pay-in-kind interest in respect of Indebtedness (other
than Specified Non-Recourse Indebtedness) for borrowed
money and all obligations evidenced by bonds,
debentures, notes, loan agreements or other similar
instruments or agreements (including the interest
component under Capitalized Leases, but excluding, to
the extent included in interest expense, (i) fees and
expenses associated with the consummation of the
Transaction, (ii) annual agency fees paid to the
Administrative Agent, (iii) costs associated with
obtaining Swap Contracts, (iv) fees and expenses
associated with any Investment permitted under Section
7.02, Equity Issuance or Debt Issuance (whether or not
consummated) and (v) amortization of deferred
financing costs):
	 	$	 	 
	 
	 	 	 
	 
	 	 	 	 
	2. interest income earned by the Borrower and its
Restricted Subsidiaries:
	 	$	 	 
	 
	 	 	 
	Consolidated Interest
Charges Total (Line II.B.1 — Line II.B.2)
	 	 	 	 
	 
	 	 	 
	 
	 	 	 	 
	Interest Coverage Ratio (Line II.A.5 ÷ Line II.B)
	 	 	__:1.00	 
	 
	 	 	 

     Minimum required:

	 	 	 
	Period Ending Date	 	Interest Coverage Ratio
	September 30, 2011 and thereafter

	 	3.00:1.00

 

			
	4	 	Calculated as of the end of any fiscal
quarter (beginning with the fiscal quarter ending September 30, 2011) of the
Borrower for the four fiscal quarters ending on such date.

6

 

	 	 	 	 	 

	III. Excess Cash Flow5
	 	 	 	 
	 
	 	 	 	 
	A. The sum, without duplication, of:
	 	 	 	 
	(i)   Consolidated Net Income:
	 	$	 	 
	 
	 	 	 
	(ii)   the amount of all non-cash charges (including
depreciation and amortization) deducted in arriving at
such Consolidated Net Income:
	 	$	 	 
	 
	 	 	 
	(iii)  decreases in Working Capital for such fiscal
year:
	 	$	 	 
	 
	 	 	 
	(iv)   the aggregate net amount of non-cash loss on the
disposition of property by the Borrower and its
Subsidiaries during such fiscal year (other than sales
of inventory in the ordinary course of business), to
the extent deducted in arriving at such Consolidated
Net Income:
	 	$	 	 
	 
	 	 	 
	Total
	 	$	 	 
	 
	 	 	 
	 
	 	 	 	 
	B. The sum, without duplication, of:
	 	 	 	 
	(i)   the amount of all non-cash credits included in
arriving at such Consolidated Net Income:
	 	$	 	 
	 
	 	 	 
	(ii)  Capital Expenditures and Permitted Acquisitions
(including any earnout or other payments made with
respect to such Permitted Acquisitions) made in cash to
the extent not financed with (x) the proceeds of
long-term Indebtedness (other than the Obligations) or
(y) the proceeds of asset Dispositions and Casualty
Events referred to in clause (vi) below for such fiscal
year or any prior fiscal year:
	 	$	 	 
	 
	 	 	 
	(iii)  the aggregate amount of all regularly scheduled
principal payments of Indebtedness (including the Term
Loans and Capitalized Leases) of the Borrower and its
Subsidiaries made during such fiscal year (other than
in respect of any revolving credit facility to the
extent there is not an equivalent permanent reduction
in commitments thereunder):
	 	$	 	 
	 
	 	 	 
	(iv)  increases in Working Capital for such fiscal year:
	 	$	 	 
	 
	 	 	 

 

			
	5	 	Calculated only as of the end of any fiscal
year of the Borrower for the four fiscal quarters ending on such date (for
purposes of Section 2.05(b), beginning with the fiscal year ending December 31,
2012 and for purposes of the calculation of Available Amount, beginning with
the fiscal year ending December 31, 2011 with the calculations for the fiscal
year ending December 31, 2011 being made for the period starting with the
Effective Date and ending on December 31, 2011).

7

 

	 	 	 	 	 

	(v)   the aggregate net amount of non-cash gain on the
disposition of property by the Borrower and its
Subsidiaries during such fiscal year (other than sales
of inventory in the ordinary course of business), to
the extent included in arriving at such Consolidated
Net Income:
	 	$	 	 
	 
	 	 	 
	(vi)   proceeds of all Dispositions of assets other than
Excluded Dispositions and all Casualty Events, in each
case to the extent received in such fiscal year and to
the extent included in arriving at such Consolidated
Net Income:
	 	$	 	 
	 
	 	 	 
	(vii)  proceeds received by the Restricted Companies
from insurance claims (including, without limitation,
with respect to casualty events, business interruption
or product recalls) which reimburse prior business
expenses, to the extent included in arriving at such
Consolidated Net Income:
	 	$	 	 
	 
	 	 	 
	(viii)  cash payments made in satisfaction of
non-current liabilities (other than (A) payments in
respect of Indebtedness under the Agreement or (B)
regularly scheduled principal payments of any other
Indebtedness):
	 	$	 	 
	 
	 	 	 
	(ix)   cash fees and expenses incurred in connection with
any Investment permitted under Section 7.02, Equity
Issuance or Debt Issuance (whether or not consummated):
	 	$	 	 
	 
	 	 	 
	(x)   cash indemnity payments received pursuant to
indemnification provisions in any agreement in
connection with any Permitted Acquisition or any other
Investment permitted under the Agreement:
	 	$	 	 
	 
	 	 	 
	(xi)   increases in the regulatory capital of each
Regulated Subsidiary, which shall be calculated by
reference to the increase in the minimum statutory
capital and surplus of such Regulated Subsidiary during
such fiscal period times 110%:
	 	$	 	 
	 
	 	 	 
	Total
	 	$	 	 
	 
	 	 	 
	 
	 	 	 	 
	C. Excess Cash Flow (Total for III.A — Total for III.B)
	 	$	 	 
	 
	 	 	 

8

 

	 	 	 	 	 

	IV. Available Amount6
	 	 	 	 
	 
	A. 50% of Consolidated Net Income determined on a cumulative
basis for all fiscal quarters beginning with the fiscal
quarter ending on September 30, 2011 and ending most recently
prior to the date of determination for which financial
statements have been delivered pursuant to Section 6.01(a)
or(b) (or, if such Consolidated Net Income is negative, minus
100% of the absolute value of such Consolidated Net Income for
such period) 7
	 	$	 	 
	 
	 	 	 
	B. 100% of the Net Cash Proceeds received by the Borrower
following the Effective Date from the issuance of Qualified
Equity Interests (except to the extent such proceeds have been
applied pursuant to Section 7.06(g)):
	 	$	 	 
	 
	 	 	 
	C. Usage of Available Amount
	 	 	 	 
	 
	 	 	 
	(i)   the aggregate amount of any investments outstanding
at such time pursuant to Section 7.02(t);
	 	 	 	 
	 
	 	 	 
	(ii)   the aggregate amount of Restricted Payments made
prior to such time pursuant to Section 7.06(i)(ii)(y)
	 	 	 	 
	 
	 	 	 
	Total (Line IV.C(i) + Line IV.C(ii))
	 	$	 	 
	 
	 	 	 
	 
	 	 	 	 
	D. Available Amount (Line IV.A + Line IV.B — Total for IV.C)
	 	$	 	 
	 
	 	 	 

 

			
	6	 	Calculated as of the end of any fiscal
quarter of the Borrower (beginning with the fiscal quarter ending September 30,
2011) for the Subject Period.
	 
	7	 	If Consolidated Net Income for the Subject Period is
negative, include $0.00 in this Line IV.A(i).

9

 

SCHEDULE 3

to the Compliance Certificate

(Items required by Section 6.02(f) of the Agreement)

(a) Material Real Property:

(b) Mandatory Prepayment Events:

(c) Regulated Subsidiaries:

10

 

EXHIBIT E

ASSIGNMENT AND ASSUMPTION

     This Assignment and Assumption (this “Assignment and Assumption”) is dated as of the Effective
Date set forth below and is entered into by and between [Insert name of Assignor] (the “Assignor”)
and [Insert name of Assignee] (the “Assignee”). Capitalized terms used but not defined herein
shall have the meanings given to them in the Credit Agreement identified below (the “Credit
Agreement”), receipt of a copy of which is hereby acknowledged by the Assignee. The Standard Terms
and Conditions set forth in Annex 1 attached hereto are hereby agreed to and incorporated herein by
reference and made a part of this Assignment and Assumption as if set forth herein in full.

     For an agreed consideration, the Assignor hereby irrevocably sells and assigns to the
Assignee, and the Assignee hereby irrevocably purchases and assumes from the Assignor, subject to
and in accordance with the Standard Terms and Conditions as set forth in Annex 1 hereto and the
Credit Agreement, as of the Effective Date inserted by the Administrative Agent as contemplated
below (i) all of the Assignor’s rights and obligations as a Lender under the Credit Agreement and
any other documents or instruments delivered pursuant thereto to the extent related to the amount
and percentage interest identified below of all of such outstanding rights and obligations of the
Assignor under the respective facilities identified below (including, without limitation, Letters
of Credit and Swing Line Loans included in such facilities) and (ii) to the extent permitted to be
assigned under applicable law, all claims, suits, causes of action and any other right of the
Assignor (in its capacity as a Lender) against any Person, whether known or unknown, arising under
or in connection with the Credit Agreement, any other documents or instruments delivered pursuant
thereto or the loan transactions governed thereby or in any way based on or related to any of the
foregoing, including, but not limited to, contract claims, tort claims, malpractice claims,
statutory claims and all other claims at law or in equity related to the rights and obligations
sold and assigned pursuant to clause (i) above (the rights and obligations sold and assigned
pursuant to clauses (i) and (ii) above being referred to herein collectively as, the
"Assigned Interest”). Such sale and assignment is without recourse to the Assignor and, except as
expressly provided in this Assignment and Assumption, without representation or warranty by the
Assignor.

	 	 	 	 	 

	1.

	 	Assignor:
	 	                                                            
	 
	 	 	 	 
	2.

	 	Assignee:
	 	                                                             [and is an Affiliate/Approved Fund of [identify Lender]]
	 
	 	 	 	 
	3.

	 	Borrower:
	 	Lender Processing Services, Inc.

E-1 

 

	 	 	 	 	 

	4.

	 	Administrative Agent:
	 	JPMorgan Chase Bank, N.A., as the
administrative agent under the Credit
Agreement
	 
	 	 	 	 
	5.

	 	Credit Agreement:
	 	The Amended and Restated Credit Agreement
dated as of August 18, 2011 (as amended,
restated, extended, supplemented or
otherwise modified in writing from time to
time; the terms defined therein being used
herein as therein defined), among Lender
Processing Services, Inc., a Delaware
corporation, each lender party thereto and
JPMorgan Chase Bank, N.A., as
Administrative Agent, Swing Line Lender and
L/C Issuer.
	 
	 	 	 	 
	6.

	 	Assigned Interest:	 	 

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	Aggregate	 	 	 	 	 	 	 	 	 	 
	 	 	Amount of	 	 	Amount of	 	 	Percentage	 	 	 	 
	 	 	Commitment/Loans	 	 	Commitment/Loans	 	 	Assigned of	 	 	 	 
	Facility Assigned	 	for all Lenders	 	 	Assigned	 	 	Commitment/Loans	 	 	CUSIP Number	 
	Revolving Credit
Facility
	 	 	 	 	 	 	 	 	 	 	 	%	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	Term A Loans
	 	 	 	 	 	 	 	 	 	 	 	%	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	Term B Loans
	 	 	 	 	 	 	 	 	 	 	 	%	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 

	 	 	 	 	 

	7.

	 	Trade Date:
	 	                                        

Effective Date:                     , 20__ [TO BE INSERTED BY THE ADMINISTRATIVE AGENT AND WHICH
SHALL BE THE EFFECTIVE DATE OF RECORDATION OF TRANSFER IN THE REGISTER THEREFOR.]

E-2 

 

     The terms set forth in this Assignment and Assumption are hereby agreed to:

	 	 	 	 	 	 	 

	 	 	ASSIGNOR	 	 
	 	 	[NAME OF ASSIGNOR]	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	Title:
	 	 

	 	 
	 
	 	 	 	 	 	 
	 	 	ASSIGNEE	 	 
	 	 	[NAME OF ASSIGNEE]	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	Title:
	 	 

	 	 

	 	 	 	 	 

	[Consented to and] Accepted:	 	 
	JPMORGAN CHASE BANK, N.A., as

Administrative Agent[, Swing Line Lender
and L/C Issuer]
	 	 
	 
	 	 	 	 
	By:
	 	 	 	 
	Title:

	 	 

	 	 
	 
	 	 	 	 
	[Consented to:	 	 
	LENDER PROCESSING SERVICES, INC.	 	 
	 
	 	 	 	 
	By:
	 	 	 	 
	 

	 	 

	 	 
	Title:

	 	] 	 	 

E-3 

 

ANNEX 1 TO ASSIGNMENT AND ASSUMPTION

STANDARD TERMS AND CONDITIONS FOR

ASSIGNMENT AND ASSUMPTION

     1. Representations and Warranties.

     1.1. Assignor. The Assignor (a) represents and warrants that (i) it is the legal and
beneficial owner of the Assigned Interest, (ii) the Assigned Interest is free and clear of any
lien, encumbrance or other adverse claim, (iii) it has full power and authority, and has taken all
action necessary, to execute and deliver this Assignment and Assumption and to consummate the
transactions contemplated hereby and (iv) the sale and assignment of the Assigned Interest is made
by this Assignment and Assumption in accordance with the terms and conditions contained in the
Credit Agreement; and (b) assumes no responsibility with respect to (i) any statements, warranties
or representations made in or in connection with the Credit Agreement or any other Loan Document,
(ii) the execution, legality, validity, enforceability, genuineness, sufficiency or value of the
Loan Documents or any collateral thereunder, (iii) the financial condition of the Borrower, any of
its Subsidiaries or Affiliates, or any other Person obligated in respect of any Loan Document or
(iv) the performance or observance by the Borrower, any of its Subsidiaries or Affiliates, or any
other Person of any of their respective obligations under any Loan Document.

     1.2. Assignee. The Assignee (a) represents and warrants that (i) it has full power
and authority, and has taken all action necessary, to execute and deliver this Assignment and
Assumption and to consummate the transactions contemplated hereby and to become a Lender under the
Credit Agreement, (ii) it meets all requirements of an Eligible Assignee under the Credit Agreement
(subject to receipt of such consents as may be required under the Credit Agreement), (iii) from and
after the Effective Date, it shall be bound by the provisions of the Credit Agreement as a Lender
thereunder and, to the extent of the Assigned Interest, shall have the obligations of a Lender
thereunder, (iv) it has received a copy of the Credit Agreement, together with copies of the most
recent financial statements delivered pursuant to Section 6.01 thereof, as applicable, and such
other documents and information as it has deemed appropriate to make its own credit analysis and
decision to enter into this Assignment and Assumption and to purchase the Assigned Interest on the
basis of which it has made such analysis and decision independently and without reliance on the
Administrative Agent or any other Lender, and (v) if it is a Foreign Lender, attached hereto is any
documentation required to be delivered by it pursuant to the terms of the Credit Agreement, duly
completed and executed by the Assignee; and (b) agrees that (i) it will, independently and without
reliance on the Administrative Agent, the Assignor or any other Lender, and based on such documents
and information as it

E-4 

 

shall deem appropriate at the time, continue to make its own credit decisions in taking or not
taking action under the Loan Documents, and (ii) it will perform in accordance with their terms all
of the obligations which by the terms of the Loan Documents are required to be performed by it as a
Lender.

     2. Payments. From and after the Effective Date, the Administrative Agent shall make
all payments in respect of the Assigned Interest (including payments of principal, interest, fees
and other amounts) to the Assignee whether such amounts have accrued prior to or on or after the
Effective Date. The Assignor and the Assignee shall make all appropriate adjustments in payments
by the Administrative Agent for periods prior to the Effective Date or with respect to the making
of this assignment directly between themselves.

     3. General Provisions. This Assignment and Assumption shall be binding upon, and
inure to the benefit of, the parties hereto and their respective successors and permitted assigns.
This Assignment and Assumption may be executed in any number of counterparts, which together shall
constitute one instrument. Delivery of an executed counterpart of a signature page of this
Assignment and Assumption by telecopy shall be effective as delivery of a manually executed
counterpart of this Assignment and Assumption.

     4. GOVERNING LAW. THIS ASSIGNMENT AND ASSUMPTION SHALL BE GOVERNED BY, AND CONSTRUED
IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK.

E-5 

 

EXHIBIT F

FORM OF SUBSIDIARY GUARANTY

[attached]

F-1 

 

EXHIBIT F

FORM OF SUBSIDIARY GUARANTY

AMENDED AND RESTATED SUBSIDIARY GUARANTY

Dated as of August 18, 2011

From

THE SUBSIDIARY GUARANTORS NAMED HEREIN

and

THE ADDITIONAL SUBSIDIARY GUARANTORS REFERRED TO HEREIN

as Subsidiary Guarantors

in favor of

THE SECURED PARTIES REFERRED TO IN THE AMENDED AND

RESTATED CREDIT AGREEMENT REFERRED TO HEREIN

 

 

TABLE OF CONTENTS

	 	 	 	 	 
	 	 	Page	 
	SECTION 1. Guaranty; Limitation of Liability
	 	 	1	 
	SECTION 2. Guaranty Absolute
	 	 	2	 
	SECTION 3. Waivers and Acknowledgments
	 	 	4	 
	SECTION 4. Subrogation
	 	 	5	 
	SECTION 5. Payments Free and Clear of Taxes, Etc
	 	 	6	 
	SECTION 6. Covenants
	 	 	6	 
	SECTION 7. Amendments, Release of Subsidiary Guarantors, Etc
	 	 	6	 
	SECTION 8. Guaranty Supplements
	 	 	7	 
	SECTION 9. Notices, Etc
	 	 	7	 
	SECTION 10. No Waiver; Remedies
	 	 	8	 
	SECTION 11. Right of Set-off
	 	 	8	 
	SECTION 12. Continuing Guaranty; Assignments under the Credit Agreement
	 	 	8	 
	SECTION 13. Reaffirmation
	 	 	9	 
	SECTION 14. Execution in Counterparts
	 	 	9	 
	SECTION 15. GOVERNING LAW; JURISDICTION; WAIVER OF JURY TRIAL, ETC
	 	 	9	 
	 
	 	 	 	 
	Annex A — Guaranty Supplement
	 	 	 	 

 

 

AMENDED AND RESTATED SUBSIDIARY GUARANTY

     AMENDED AND RESTATED SUBSIDIARY GUARANTY dated as of August 18, 2011 (this “Guaranty”) made by
the Persons listed on the signature pages hereof under the caption “Subsidiary Guarantors” and the
Additional Subsidiary Guarantors (as defined in Section 8) (such Persons so listed and the
Additional Subsidiary Guarantors being, collectively, the “Subsidiary Guarantors” and,
individually, a “Subsidiary Guarantor”) in favor of the Secured Parties (as defined in the Amended
and Restated Credit Agreement referred to below).

PRELIMINARY STATEMENT

     Reference is made to (i) the Amended and Restated Credit Agreement dated as of August 18, 2011
(as amended, restated, amended and restated, supplemented or otherwise modified from time to time,
the “Credit Agreement”; the capitalized terms defined therein and not otherwise defined herein
being used herein as therein defined) among Lender Processing Services, Inc., a Delaware
corporation (the “Borrower”), certain Lenders party thereto and JPMorgan Chase Bank, N.A., as L/C
Issuer, Swing Line Lender and Administrative Agent. Each Subsidiary Guarantor may receive,
directly or indirectly, a portion of the proceeds of the Loans under the Credit Agreement and will
derive substantial direct and indirect benefits from the transactions contemplated by the Loan
Documents. It is a condition precedent to the making of Loans and the issuance of Letters of
Credit by the Lenders under the Credit Agreement that each Subsidiary Guarantor shall have executed
and delivered this Guaranty. Certain of the Subsidiary Guarantors entered into that certain
Subsidiary Guaranty dated as of July 2, 2008 (the “Existing Subsidiary Guaranty”) with respect to
the guaranties made by such Subsidiary Guarantors in favor of the Secured Parties under (and as
defined in) that certain Credit Agreement dated as of July 2, 2008 (which is being amended and
restated in the form of the Credit Agreement on the date hereof) and the other loan documents
related thereto.

     NOW, THEREFORE, in consideration of the premises and in order to induce the Lenders to make
Loans and to issue Letters of Credit under the Credit Agreement, each Subsidiary Guarantor, jointly
and severally with each other Subsidiary Guarantor, hereby agrees that the Existing Subsidiary
Guaranty shall be amended and restated in its entirety as follows:

     SECTION 1. Guaranty; Limitation of Liability. (a) Each Subsidiary Guarantor
hereby, jointly and severally, absolutely, unconditionally and irrevocably guarantees the punctual
payment when due, whether at scheduled maturity or by acceleration, demand or otherwise, of all of
its Secured Obligations. Without limiting the generality of the foregoing, the liability of

 

 

each Subsidiary Guarantor shall extend to all amounts that constitute part of the Secured
Obligations and would be owed by any other Loan Party to any Secured Party under or in respect of
the Loan Documents but for the fact that they are unenforceable or not allowable due to the
existence of a bankruptcy, reorganization or similar proceeding involving such other Loan Party.

     (B) Each Subsidiary Guarantor, and by its acceptance of this Guaranty, the
Administrative Agent, on behalf of itself and each other Secured Party, hereby confirms that it is
the intention of all such Persons that this Guaranty and the Secured Obligations of each
Subsidiary Guarantor hereunder not constitute a fraudulent transfer or conveyance for purposes of
Bankruptcy Law (as hereinafter defined), the Uniform Fraudulent Conveyance Act, the Uniform
Fraudulent Transfer Act or any similar foreign, federal or state law to the extent applicable to
this Guaranty and the Secured Obligations of each Subsidiary Guarantor hereunder. To effectuate
the foregoing intention, the Administrative Agent, the other Secured Parties and the Subsidiary
Guarantors hereby irrevocably agree that the Secured Obligations of each Subsidiary Guarantor
under this Guaranty at any time shall be limited to the maximum amount as will result in the
Secured Obligations of such Subsidiary Guarantor under this Guaranty not constituting a fraudulent
transfer or conveyance under Bankruptcy Law or any comparable provision of applicable law. For
purposes hereof, “Bankruptcy Law” means any proceeding of the type referred to in Section 8.01(f)
of the Credit Agreement or Title 11, U.S. Code, or any similar foreign, federal or state law for
the relief of debtors.

     (C) Subject to Section 4 of this Guaranty, each Subsidiary Guarantor hereby
unconditionally and irrevocably agrees that in the event any payment shall be required to be made
to any Secured Party under this Guaranty or any other guaranty, such Subsidiary Guarantor will
contribute, to the maximum extent permitted by law, such amounts to each other Subsidiary
Guarantor so as to maximize the aggregate amount paid to the Secured Parties under or in respect
of the Loan Documents.

     (D) Each Subsidiary Guarantor hereby agrees that any Indebtedness owed by it to
another Loan Party shall be subordinated to the Secured Obligations of such Subsidiary Guarantor
and that any Indebtedness owed to it by another Loan Party shall be subordinated to the Secured
Obligations of such other Loan Party, it being understood that such Subsidiary Guarantor or such
other Loan Party, as the case may be, may make payments on such intercompany Indebtedness unless
an Event of Default has occurred and is continuing.

     SECTION 2. Guaranty Absolute. Each Subsidiary Guarantor guarantees that the
Secured Obligations will be paid in accordance with the terms of the Loan Documents, regardless of
any law, regulation or order now or hereafter in effect in any jurisdiction affecting any of such
terms or the rights of any Secured

2

 

Party with respect thereto. The Secured Obligations of each Subsidiary Guarantor under or in
respect of this Guaranty are independent of the Secured Obligations or any other Obligations of
any other Loan Party under or in respect of the Loan Documents, and a separate action or actions
may be brought and prosecuted against each Subsidiary Guarantor to enforce this Guaranty,
irrespective of whether any action is brought against the Borrower or any other Loan Party or
whether the Borrower or any other Loan Party is joined in any such action or actions. The
liability of each Subsidiary Guarantor under this Guaranty shall be irrevocable, absolute and
unconditional, and each Subsidiary Guarantor hereby irrevocably waives any defenses (other than
payment in full of the Secured Obligations) it may now have or hereafter acquire in any way
relating to, any or all of the following:

     (A) any lack of validity or enforceability of any Loan Document or any agreement or
instrument relating thereto;

     (B) any change in the time, manner or place of payment of, or in any other term of,
all or any of the Secured Obligations or any other Obligations of any other Loan Party under or in
respect of the Loan Documents, or any other amendment or waiver of or any consent to departure
from any Loan Document, including, without limitation, any increase in the Secured Obligations
resulting from the extension of additional credit to any Loan Party or any of its Subsidiaries or
otherwise;

     (C) any taking, exchange, release or non-perfection of any Collateral or any other
collateral, or any taking, release or amendment or waiver of, or consent to departure from, any
other guaranty, for all or any of its Secured Obligations;

     (D) any manner of application of Collateral or any other collateral, or proceeds
thereof, to all or any of the Secured Obligations, or any manner of sale or other disposition of
any Collateral or any other collateral for all or any of the Secured Obligations or any other
Obligations of any Loan Party under the Loan Documents or any other assets of any Loan Party or
any of its Subsidiaries;

     (E) any change, restructuring or termination of the corporate structure or
existence of any Loan Party or any of its Subsidiaries;

     (F) any failure of any Secured Party to disclose to any Loan Party any information
relating to the business, condition (financial or otherwise), operations, performance, properties
or prospects of any other Loan Party now or hereafter known to such Secured Party (each Subsidiary
Guarantor waiving any duty on the part of the Secured Parties to disclose such information);

     (G) the failure of any other Person to execute or deliver this Guaranty, any
Guaranty Supplement (as hereinafter defined) or any other guaranty or

3

 

agreement or the release or reduction of liability of any Subsidiary Guarantor or other
guarantor or surety with respect to the Secured Obligations; or

     (H) any other circumstance or any existence of or reliance on any representation by
any Secured Party that might otherwise constitute a defense available to, or a discharge of, any
Loan Party or any other guarantor or surety other than satisfaction in full of the Secured
Obligations.

This Guaranty shall continue to be effective or be reinstated, as the case may be, if at any time
any payment of any of the Secured Obligations is rescinded or must otherwise be returned by any
Secured Party or any other Person upon the insolvency, bankruptcy or reorganization of the Borrower
or any other Loan Party or otherwise, all as though such payment had not been made.

     SECTION 3. Waivers and Acknowledgments. (a) Each Subsidiary Guarantor hereby
unconditionally and irrevocably waives promptness, diligence, notice of acceptance, presentment,
demand for performance, notice of non-performance, default, acceleration, protest or dishonor and
any other notice with respect to any of the Secured Obligations and this Guaranty (other than any
demand, presentment or notice required by the Loan Documents) and any requirement that any Secured
Party protect, secure, perfect or insure any Lien or any property subject thereto or exhaust any
right or take any action against any Loan Party or any other Person or any Collateral.

     (B) Each Subsidiary Guarantor hereby unconditionally and irrevocably waives any
right to revoke this Guaranty and acknowledges that this Guaranty is continuing in nature and
applies to all Secured Obligations, whether existing now or in the future.

     (C) Each Subsidiary Guarantor hereby unconditionally and irrevocably waives (i) any
defense arising by reason of any claim or defense based upon an election of remedies by any
Secured Party that in any manner impairs, reduces, releases or otherwise adversely affects the
subrogation, reimbursement, exoneration, contribution or indemnification rights of such Subsidiary
Guarantor or other rights of such Subsidiary Guarantor to proceed against any other Loan Party,
any other guarantor or any other Person or any Collateral and (ii) any defense based on any right
of set-off or counterclaim against or in respect of the Secured Obligations of such Subsidiary
Guarantor hereunder.

     (D) Each Subsidiary Guarantor acknowledges that the Administrative Agent may, in
accordance with the Loan Documents, without notice to or demand upon such Subsidiary Guarantor and
without affecting the liability of such Subsidiary Guarantor under this Guaranty, to the extent
permitted by applicable Law, foreclose under any mortgage or the Liens created under the Security
Agreement or by nonjudicial sale, and each Subsidiary Guarantor hereby waives any defense to the
recovery by the Administrative Agent and the

4

 

other Secured Parties against such Subsidiary Guarantor of any deficiency after such
non-judicial sale and, to the extent permitted by applicable law, any defense or benefits that may
be afforded by applicable law.

     (E) Each Subsidiary Guarantor hereby unconditionally and irrevocably waives any
duty on the part of any Secured Party to disclose to such Subsidiary Guarantor any matter, fact or
thing relating to the business, condition (financial or otherwise), operations, performance,
properties or prospects of any other Loan Party or any of its Subsidiaries now or hereafter known
by such Secured Party.

     (F) Each Subsidiary Guarantor acknowledges that it will receive substantial direct
and indirect benefits from the financing arrangements contemplated by the Loan Documents and that
the waivers set forth in Section 2 and this Section 3 are knowingly made in contemplation of
such benefits.

     SECTION 4. Subrogation. Each Subsidiary Guarantor hereby unconditionally and
irrevocably agrees not to exercise any rights that it may now have or hereafter acquire against
any other Loan Party that arise from the existence, payment, performance or enforcement of such
Subsidiary Guarantor’s Secured Obligations under or in respect of this Guaranty or any other Loan
Document, including, without limitation, any right of subrogation, reimbursement, exoneration,
contribution or indemnification and any right to participate in any claim or remedy of any Secured
Party against any other Loan Party or any Collateral, whether or not such claim, remedy or right
arises in equity or under contract, statute or common law, including, without limitation, the
right to take or receive from any other Loan Party, directly or indirectly, in cash or other
property or by set-off or in any other manner, payment or security on account of such claim,
remedy or right, unless and until all of the Secured Obligations and all other amounts payable
under this Guaranty shall have been paid in full in cash, all Letters of Credit shall have expired
or been terminated or otherwise provided for in full in a manner reasonably satisfactory to the
L/C Issuer and the Commitments shall have expired or been terminated. If any amount shall be paid
to any Subsidiary Guarantor in violation of the immediately preceding sentence at any time prior
to the later of (a) the payment in full in cash of the Secured Obligations and all other amounts
payable under this Guaranty, (b) the final Maturity Date and (c) the latest date of expiration or
termination of all Letters of Credit or other provision therefor in full in a manner reasonably
satisfactory to the L/C Issuer, such amount shall be received and held in trust for the benefit of
the Secured Parties, shall be segregated from other property and funds of such Subsidiary
Guarantor and shall forthwith be paid or delivered to the Administrative Agent in the same form as
so received (with any necessary endorsement or assignment) to be credited and applied to the
Secured Obligations and all other amounts payable under this Guaranty, whether matured or
unmatured, in accordance with the terms of the Loan Documents, or to be

5

 

held as Collateral for any of such Subsidiary Guarantor’s Secured Obligations or other
amounts payable by it under this Guaranty thereafter arising. If (i) all of the Secured
Obligations and all other amounts payable under this Guaranty shall have been paid in full in
cash, (ii) the final Maturity Date shall have occurred and (iii) all Letters of Credit shall have
expired or been terminated or other provision therefor in full shall have been made in a manner
reasonably satisfactory to the L/C Issuer, the Secured Parties will, at any Subsidiary Guarantor’s
request and expense, execute and deliver to such Subsidiary Guarantor appropriate documents,
without recourse and without representation or warranty, necessary to evidence the transfer by
subrogation to such Subsidiary Guarantor of an interest in the Secured Obligations resulting from
such payment made by such Subsidiary Guarantor pursuant to this Guaranty.

     SECTION 5. Payments Free and Clear of Taxes, Etc. Any and all payments by any
Subsidiary Guarantor under this Guaranty or any other Loan Document shall be made in accordance
with the terms of the Credit Agreement, including the provisions of Section 3.01 of the Credit
Agreement (and such Subsidiary Guarantor shall make such payments of Taxes and Other Taxes to the
extent described in Section 3.01), as though such payments were made by a Borrower. For the
avoidance of doubt, any and all payments by any Subsidiary Guarantor under this Guaranty or any
other Loan Document shall be applied in accordance with Section 8.03 of the Credit Agreement.

     SECTION 6. Covenants. Each Subsidiary Guarantor covenants and agrees that, so
long as any part of the Secured Obligations shall remain unpaid, any Letter of Credit shall be
outstanding or not otherwise provided for in full in a manner reasonably satisfactory to the L/C
Issuer or any Lender shall have any Commitment, such Subsidiary Guarantor will perform and
observe, and cause each of its Restricted Subsidiaries to perform and observe, all of the terms,
covenants and agreements set forth in the Loan Documents on its or their part to be performed or
observed or that the Borrower has agreed to cause such Subsidiary Guarantor or such Restricted
Subsidiaries to perform or observe.

     SECTION 7. Amendments, Release of Subsidiary Guarantors, Etc. No amendment or
waiver of any provision of this Guaranty and no consent to any departure by any Subsidiary
Guarantor therefrom shall in any event be effective unless the same shall be in writing and signed
by the Administrative Agent and the Subsidiary Guarantors (with the consent of the requisite
number of Lenders specified in the Credit Agreement) and then such waiver or consent shall be
effective only in the specific instance and for the specific purpose for which given. A
Subsidiary Guarantor shall automatically be released from this Guaranty and its obligations
hereunder (a) upon consummation of any transaction or designation permitted by the Credit
Agreement as a result of which such Subsidiary Guarantor (i) ceases to be a Restricted Subsidiary,
(ii) ceases to be a Subsidiary or (iii) becomes a Foreign Subsidiary or a Domestic

6

 

Subsidiary of a Foreign Subsidiary, in each case to the extent permitted by the Credit
Agreement (provided that no such release shall occur if such Subsidiary Guarantor is a guarantor
in respect of Permitted Subordinated Indebtedness) or (b) if the Borrower determines that such
Subsidiary Guarantor is no longer required under Section 6.12 of the Credit Agreement to be a
Subsidiary Guarantor and gives notice to that effect to the Administrative Agent. The
Administrative Agent will, at the Borrower’s expense, execute and deliver to such Subsidiary
Guarantor such documents as the Borrower shall reasonably request to evidence the release of such
Subsidiary Guarantor from its Guarantee hereunder pursuant to this Section 7; provided that the
Borrower shall have delivered to the Administrative Agent a written request therefor and a
certificate of the Borrower to the effect that the transaction, designation or determination, as
the case may be, is in compliance with the Loan Documents. The Administrative Agent shall be
authorized to rely on any such certificate without independent investigation.

     SECTION 8. Guaranty Supplements. Upon the execution and delivery by any Person
of a guaranty supplement in substantially the form of Annex A hereto (each, a “Guaranty
Supplement”), (a) such Person shall be referred to as an “Additional Subsidiary Guarantor” and
shall become and be a Subsidiary Guarantor hereunder, and each reference in this Guaranty to a
“Subsidiary Guarantor” shall also mean and be a reference to such Additional Subsidiary Guarantor,
and each reference in any other Loan Document to a “Subsidiary Guarantor” shall also mean and be a
reference to such Additional Subsidiary Guarantor, and (b) each reference herein to “this
Guaranty”, “hereunder”, “hereof” or words of like import referring to this Guaranty, and each
reference in any other Loan Document to the “Subsidiary Guaranty”, “thereunder”, “thereof” or
words of like import referring to this Guaranty, shall mean and be a reference to this Guaranty as
supplemented by such Guaranty Supplement.

     SECTION 9. Notices, Etc. All notices and other communications provided for
hereunder shall be in writing (including, without limitation, telegraphic, telecopy or telex
communication or facsimile transmission) and mailed, telegraphed, telecopied, telexed, faxed or
delivered to it, if to any Subsidiary Guarantor, addressed to it in care of the Borrower at its
address specified in Section 10.02 of the Credit Agreement, if to any Agent or any Lender, at its
address specified in Section 10.02 of the Credit Agreement, or, as to any party, at such other
address as shall be designated by such party in a written notice to each other party. All such
notices and other communications shall be deemed to be given or made at such time as shall be set
forth in Section 10.02 of the Credit Agreement. Delivery by telecopier or electronic mail of an
executed counterpart of a signature page to any amendment or waiver of any provision of this
Guaranty or of any Guaranty Supplement to be executed and delivered hereunder shall be effective
as delivery of an original executed counterpart thereof.

7

 

     SECTION 10. No Waiver; Remedies. No failure on the part of any Secured Party to
exercise, and no delay in exercising, any right hereunder shall operate as a waiver thereof; nor
shall any single or partial exercise of any right hereunder preclude any other or further exercise
thereof or the exercise of any other right. The remedies herein provided are cumulative and not
exclusive of any remedies provided by law.

     SECTION 11. Right of Set-off. Upon (a) the occurrence and during the continuance
of any Event of Default and (b) the making of the request or the granting of the consent specified
by Section 8.02 of the Credit Agreement to authorize the Administrative Agent to declare the Loans
due and payable pursuant to the provisions of said Section 8.02, the Administrative Agent and,
after obtaining the prior written consent of the Administrative Agent, each other Agent and each
Lender is hereby authorized at any time and from time to time, to the fullest extent permitted by
law, to set off and apply any and all deposits (general or special, time or demand, provisional or
final, but not any deposits held in a custodial, trust or other fiduciary capacity) at any time
held and other indebtedness at any time owing by such Agent or such Lender to or for the credit or
the account of any Subsidiary Guarantor against any and all of the Secured Obligations of such
Subsidiary Guarantor now or hereafter existing under any Loan Document, irrespective of whether
such Agent or such Lender shall have made any demand under this Guaranty or any other Loan
Document and although such Secured Obligations may be unmatured. Each Agent and each Lender
agrees promptly to notify such Subsidiary Guarantor after any such set-off and application;
provided that the failure to give such notice shall not affect the validity of such set-off and
application. The rights of each Agent and each Lender under this Section are in addition to other
rights and remedies (including, without limitation, other rights of set-off) that such Agent and
such Lender may have.

     SECTION 12. Continuing Guaranty; Assignments under the Credit Agreement. This
Guaranty is a continuing guaranty and shall (a) remain in full force and effect until the later of
(i) the payment in full in cash of the Secured Obligations and all other amounts payable under
this Guaranty, (ii) the final Maturity Date and (iii) the latest date of expiration or termination
of all Letters of Credit or other provision therefor in full in a manner reasonably satisfactory
to the L/C Issuer, (b) be binding upon each Subsidiary Guarantor, its successors and assigns and
(c) inure to the benefit of and be enforceable by the Secured Parties and their permitted
successors, transferees and assigns. Without limiting the generality of clause (c) of the
immediately preceding sentence, any Secured Party may assign or otherwise transfer all or any
portion of its rights and obligations under the Credit Agreement (including, without limitation,
all or any portion of its Commitments, the Loans owing to it and the Note or Notes held by it) to
any other Person, and such other Person shall thereupon become vested with all the benefits in
respect thereof granted to such Secured Party herein or

8

 

otherwise, in each case as and to the extent provided in Section 10.07 of the Credit
Agreement. Except as expressly provided in the Credit Agreement, no Subsidiary Guarantor shall
have the right to assign its rights hereunder or any interest herein without the prior written
consent of all Lenders.

     SECTION 13. Reaffirmation. Each of the Guarantors under the Existing Subsidiary
Guaranty hereby confirms its respective guarantees, pledges and grants of security interests as
applicable under each of the Loan Documents to which it is party, and agrees that, notwithstanding
the effectiveness of the amendment and restatement of the Original Credit Agreement, the Existing
Subsidiary Guaranty and the Existing Security Agreement (as defined in the Security Agreement),
such guarantees, pledges and grants of security interests, as applicable, shall continue to be in
full force and effect and shall continue to inure to the benefit of the Lenders and the other
Secured Parties.

     SECTION 14. Execution in Counterparts. This Guaranty and each amendment, waiver
and consent with respect hereto may be executed in any number of counterparts and by different
parties thereto 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. Delivery of
an executed counterpart of a signature page to this Guaranty by telecopier shall be effective as
delivery of an original executed counterpart of this Guaranty.

     SECTION 15. GOVERNING LAW; JURISDICTION; WAIVER OF JURY TRIAL, ETC. (a) THIS
GUARANTY SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW
YORK.

     (B) ANY LEGAL ACTION OR PROCEEDING WITH RESPECT TO THIS GUARANTY OR ANY OTHER LOAN
DOCUMENT MAY BE BROUGHT IN THE COURTS OF THE STATE OF NEW YORK SITTING IN NEW YORK CITY OR OF THE
UNITED STATES FOR THE SOUTHERN DISTRICT OF SUCH STATE, AND BY EXECUTION AND DELIVERY OF THIS
GUARANTY, EACH PARTY HERETO CONSENTS, FOR ITSELF AND IN RESPECT OF ITS PROPERTY, TO THE EXCLUSIVE
JURISDICTION OF THOSE COURTS (AND IN THE CASE OF EACH GUARANTOR, FOR ANY COLLATERAL OR SIMILAR
ENFORCEMENT PROCEEDING, TO THE COURTS OF ANY JURISDICTION WHERE ITS ASSETS ARE LOCATED). EACH
PARTY HERETO IRREVOCABLY WAIVES ANY OBJECTION, INCLUDING, WITHOUT LIMITATION, ANY OBJECTION TO THE
LAYING OF VENUE OR BASED ON THE GROUNDS OF FORUM NON CONVENIENS, WHICH IT MAY NOW OR HEREAFTER
HAVE TO THE BRINGING OF ANY ACTION OR PROCEEDING IN SUCH JURISDICTION IN RESPECT OF ANY LOAN
DOCUMENT OR OTHER DOCUMENT RELATED THERETO.

9

 

     (C) EACH PARTY HERETO HEREBY IRREVOCABLY WAIVES ALL RIGHT TO TRIAL BY JURY IN ANY
CLAIM, DEMAND, ACTION, OR CAUSE OF ACTION (WHETHER BASED ON CONTRACT, TORT OR OTHERWISE) ARISING
OUT OF OR RELATING TO ANY OF THE LOAN DOCUMENTS OR THE TRANSACTIONS RELATED THERETO.

[THE REMAINDER OF THIS PAGE IS INTENTIONALLY LEFT BLANK.]

10

 

     IN WITNESS WHEREOF, each Subsidiary Guarantor has caused this Guaranty to be duly executed and
delivered by its duly authorized signatory as of the date first above written.

	 	 	 

	APTITUDE SOLUTIONS, INC.

	 	LPS REAL ESTATE DATA SOLUTIONS,
	CYBERHOMES, LLC

	 	INC.
	DOCX, LLC

	 	LPS REAL ESTATE GROUP, INC.
	ESPIEL, INC.

	 	LPS VALUATION SOLUTIONS, LLC
	FNRES INSURANCE SERVICES LLC

	 	LPS VERIFICATION BUREAU, INC.
	FNRES LICENSE HOLDINGS INC.

	 	LRT RECORD SERVICES, INC.
	GO APPLY, LLC

	 	LSI ALABAMA, LLC
	GO HOLDINGS, INC.

	 	LSI APPRAISAL, LLC
	LENDER PROCESSING SERVICES, INC.

	 	LSI MARYLAND, INC.
	LENDER PROCESSING SERVICES, LLC

	 	LSI TITLE AGENCY, INC.
	LENDER’S SERVICE TITLE AGENCY, INC.

	 	LSI TITLE AGENCY OF ARKANSAS, LLC
	LPS AGENCY SALES AND POSTING, INC.

	 	LSI TITLE COMPANY
	LPS APPLIED ANALYTICS, LLC

	 	LSI TITLE COMPANY OF OREGON, LLC
	LPS ASSET MANAGEMENT SOLUTIONS, INC.

	 	LSI TITLE INSURANCE AGENCY OF
	LPS DEFAULT MANAGEMENT, LLC

	 	UTAH, INC.
	LPS DEFAULT SOLUTIONS, INC.

	 	LSI TITLE INSURANCE AGENCY OF
	LPS FIELD SERVICES, INC.

	 	WYOMING, LLC
	LPS IP HOLDING COMPANY, LLC

	 	MCDASH ANALYTICS LLC
	LPS MANAGEMENT, LLC

	 	NEWINVOICE, L.L.C.
	LPS MORTGAGE PROCESSING SOLUTIONS, INC.

	 	ONEPOINTCITY, LLC
	LPS NATIONAL FLOOD, LLC

	 	PCLENDER.COM, INC.
	LPS PORTFOLIO SOLUTIONS, LLC

	 	REALEC TECHNOLOGIES, INC.
	LPS PROPERTY TAX SOLUTIONS, INC.

	 	SOFTPRO, LLC

TRUE AUTOMATION, INC.

	 	 	 	 	 	 	 

	 

	 	Each By:	 	 	 	 
	 

	 	 	 	 

Name: Jennifer F. Alvarado
	 	 
	 

	 	 	 	Title: Senior Vice President	 	 

11

 

Accepted and agreed:

	 	 	 	 	 

	JPMORGAN CHASE BANK, N.A., as	 	 
	     Administrative Agent	 	 
	 
	 	 	 	 
	By:
	 	 	 	 
	 

	 	 

Name:
	 	 
	 

	 	Title:	 	 

12

 

Annex A

to the

Subsidiary Guaranty

FORM OF SUBSIDIARY GUARANTY SUPPLEMENT

_________ __, ____

JPMorgan Chase Bank, N.A., as Administrative Agent

1111 Fannin Street, Floor 10

Houston, Texas 77002-6925

Attention: _________

Re: Amended and Restated Credit Agreement dated as of August 18, 2011 (as amended, restated,
amended and restated, supplemented or otherwise modified from time to time, the “Credit Agreement”)
among Lender Processing Services, Inc., a Delaware corporation, the Lenders party thereto and
JPMorgan Chase Bank, N.A., as L/C Issuer, Swing Line Lender and Administrative Agent.

Ladies and Gentlemen:

     Reference is made to (i) the Credit Agreement and (ii) the Amended and Restated Subsidiary
Guaranty dated as of August 18, 2011, made by the Subsidiary Guarantors party thereto in favor of
the Secured Parties described therein (such Subsidiary Guaranty, as in effect on the date hereof
and as it may hereafter be amended, supplemented or otherwise modified from time to time, together
with this Subsidiary Guaranty Supplement (this “Guaranty Supplement”), being the “Subsidiary
Guaranty”). The capitalized terms defined in the Subsidiary Guaranty or in the Credit Agreement
and not otherwise defined herein are used herein as therein defined.

     Section 1. Guaranty; Limitation of Liability. (a) The undersigned hereby, jointly and
severally with the other Subsidiary Guarantors, absolutely, unconditionally and irrevocably
guarantees the punctual payment when due, whether at scheduled maturity or by acceleration, demand
or otherwise, of all of its Secured Obligations. Without limiting the generality of the foregoing,
the undersigned’s liability shall extend to all amounts that constitute part of the Secured
Obligations and would be owed by any other Loan Party to any Secured Party under or in respect of
the Loan Documents but for the fact that they are unenforceable or not allowable due to the
existence of a bankruptcy, reorganization or similar proceeding involving such other Loan Party.

     (b) The undersigned, and by its acceptance of this Guaranty Supplement, the Administrative
Agent, on behalf of itself and each other Secured

A-1

 

Party, hereby confirms that it is the intention of all such Persons that this Guaranty
Supplement, the Subsidiary Guaranty and the Secured Obligations of the undersigned hereunder and
thereunder not constitute a fraudulent transfer or conveyance for purposes of Bankruptcy Law (as
hereinafter defined), the Uniform Fraudulent Conveyance Act, the Uniform Fraudulent Transfer Act or
any similar foreign, federal or state law to the extent applicable to this Guaranty Supplement and
the Secured Obligations of each Subsidiary Guarantor hereunder. To effectuate the foregoing
intention, the Administrative Agent, the other Secured Parties and the undersigned hereby
irrevocably agree that the Secured Obligations of the undersigned Guarantor under this Guaranty
Supplement and the Subsidiary Guaranty at any time shall be limited to the maximum amount as will
result in the Secured Obligations of the undersigned under this Guaranty Supplement and the
Subsidiary Guaranty not constituting a fraudulent transfer or conveyance under Bankruptcy Law or
any comparable provision of applicable law.

     (c) Subject to Section 4 of the Subsidiary Guaranty, the undersigned hereby unconditionally
and irrevocably agrees that in the event any payment shall be required to be made to any Secured
Party under this Guaranty Supplement, the Subsidiary Guaranty or any other guaranty, the
undersigned will contribute, to the maximum extent permitted by applicable law, such amounts to
each other Subsidiary Guarantor so as to maximize the aggregate amount paid to the Secured Parties
under or in respect of the Loan Documents.

     (d) The undersigned hereby agrees that any Indebtedness owed by it to another Loan Party shall
be subordinated to the Secured Obligations of the undersigned and that any Indebtedness owed to it
by another Loan Party shall be subordinated to the Secured Obligations of such other Loan Party, it
being understood that the undersigned or such other Loan Party, as the case may be, may make
payments on such intercompany Indebtedness unless an Event of Default has occurred and is
continuing.

     Section 2. Secured Obligations Under the Guaranty. The undersigned hereby agrees, as of the
date first above written, to be bound as a Subsidiary Guarantor by all of the terms and conditions
of the Subsidiary Guaranty to the same extent as each of the other Subsidiary Guarantors
thereunder. The undersigned further agrees, as of the date first above written, that each
reference in the Subsidiary Guaranty to an “Additional Subsidiary Guarantor” or a “Subsidiary
Guarantor” shall also mean and be a reference to the undersigned, and each reference in any other
Loan Document to a “Subsidiary Guarantor” or a “Loan Party” shall also mean and be a reference to
the undersigned.

     Section 3. Delivery by Telecopier. This Guaranty Supplement may be executed in any number of
counterparts and by different parties thereto 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. Delivery of an executed counterpart of a signature page to this Guaranty

A-2

 

Supplement by telecopier or electronic mail shall be effective as delivery of an original
executed counterpart of this Guaranty Supplement.

     Section 4. GOVERNING LAW; JURISDICTION; WAIVER OF JURY TRIAL, ETC. (a) THIS GUARANTY
SUPPLEMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW
YORK.

     (b) ANY LEGAL ACTION OR PROCEEDING WITH RESPECT TO THIS GUARANTY OR ANY OTHER LOAN DOCUMENT
MAY BE BROUGHT IN THE COURTS OF THE STATE OF NEW YORK SITTING IN NEW YORK CITY OR OF THE UNITED
STATES FOR THE SOUTHERN DISTRICT OF SUCH STATE, AND BY EXECUTION AND DELIVERY OF THIS GUARANTY
SUPPLEMENT, EACH PARTY HERETO CONSENTS, FOR ITSELF AND IN RESPECT OF ITS PROPERTY, TO THE
NON-EXCLUSIVE JURISDICTION OF THOSE COURTS. EACH PARTY HERETO IRREVOCABLY WAIVES ANY OBJECTION,
INCLUDING, WITHOUT LIMITATION, ANY OBJECTION TO THE LAYING OF VENUE OR BASED ON THE GROUNDS OF
FORUM NON CONVENIENS, WHICH IT MAY NOW OR HEREAFTER HAVE TO THE BRINGING OF ANY ACTION OR
PROCEEDING IN SUCH JURISDICTION IN RESPECT OF ANY LOAN DOCUMENT OR OTHER DOCUMENT RELATED THERETO.

A-3

 

     (c) EACH PARTY HERETO HEREBY IRREVOCABLY WAIVES ALL RIGHT TO TRIAL BY JURY IN ANY CLAIM,
DEMAND, ACTION OR CAUSE OF ACTION (WHETHER BASED ON CONTRACT, TORT OR OTHERWISE) ARISING OUT OF OR
RELATING TO ANY OF THE LOAN DOCUMENTS OR THE TRANSACTIONS RELATED THERETO.

	 	 	 	 	 
	 	Very truly yours,

[NAME OF ADDITIONAL SUBSIDIARY GUARANTOR]

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 

Accepted and agreed:

	 	 	 	 	 

	JPMORGAN CHASE BANK, N.A., as	 	 
	     Administrative Agent	 	 
	By:
	 	 	 	 
	 

	 	 

Name:
	 	 
	 

	 	Title:	 	 

A-4

 

EXHIBIT G

FORM OF SECURITY AGREEMENT

[attached]

G-1 

 

EXHIBIT G

FORM OF SECURITY AGREEMENT

AMENDED AND RESTATED SECURITY AGREEMENT

Dated as of August 18, 2011

among

The Grantors referred to herein,

as Grantors

and

JPMORGAN CHASE BANK, N.A.,

as Collateral Agent

 

 

TABLE OF CONTENTS

 

	 	 	 	 	 
	 	 	Page	 
	SECTION 1. Grant of Security
	 	 	2	 
	SECTION 2. Security for Obligations
	 	 	7	 
	SECTION 3. Grantors Remain Liable
	 	 	7	 
	SECTION 4. Delivery and Control of Security Collateral
	 	 	7	 
	SECTION 5. Maintaining Electronic Chattel Paper, Transferable Records and Letter-of-Credit Rights and Giving Notice
of Commercial Tort Claims
	 	 	9	 
	SECTION 6. Representations and Warranties
	 	 	9	 
	SECTION 7. Further Assurances
	 	 	12	 
	SECTION 8. Post-Closing Changes; Bailees; Collections on Assigned Agreements and Accounts
	 	 	12	 
	SECTION 9. As to Intellectual Property Collateral
	 	 	13	 
	SECTION 10. Voting Rights; Dividends; Etc
	 	 	15	 
	SECTION 11. Transfers and Other Liens; Additional Shares
	 	 	16	 
	SECTION 12. Collateral Agent Appointed Attorney-in-Fact
	 	 	16	 
	SECTION 13. Collateral Agent May Perform
	 	 	17	 
	SECTION 14. Collateral Agent’s Duties
	 	 	17	 
	SECTION 15. Remedies
	 	 	17	 
	SECTION 16. Indemnity and Expenses
	 	 	19	 
	SECTION 17. Amendments; Waivers; Additional Grantors; Etc
	 	 	20	 
	SECTION 18. Notices, Etc
	 	 	21	 
	SECTION 19. Continuing Security Interest; Assignments under the Credit Agreement
	 	 	21	 
	SECTION 20. Reaffirmation
	 	 	21	 
	SECTION 21. Release; Termination
	 	 	21	 
	SECTION 22. Execution in Counterparts
	 	 	22	 
	SECTION 23. The Mortgages
	 	 	22	 
	SECTION 24. GOVERNING LAW; JURISDICTION; WAIVER OF JURY TRIAL, ETC
	 	 	23	 
	SECTION 25. Severability
	 	 	23	 

SCHEDULES:

	 	 	 	 	 

	Schedule I

	 	—
	 	Type of Organization, Jurisdiction of Organization
and Organizational Identification Number
	Schedule II

	 	—
	 	Pledged Equity
	Schedule III

	 	—
	 	Commercial Tort Claims
	Schedule IV

	 	—
	 	Collateral Description
	Schedule V

	 	—
	 	Intellectual Property

 

 

	 	 	 	 	 

	EXHIBITS:
	 	 	 	 
	 
	 	 	 	 
	Exhibit A

	 	—
	 	Form of Security Agreement Supplement
	Exhibit B

	 	—
	 	Form of Copyright Security Agreement
	Exhibit C

	 	—
	 	Form of Patent Security Agreement
	Exhibit D

	 	—
	 	Form of Trademark Security Agreement

 

 

AMENDED AND RESTATED SECURITY AGREEMENT

     AMENDED AND RESTATED SECURITY AGREEMENT (this “Agreement”) dated as of August 18, 2011 among
LENDER PROCESSING SERVICES, INC., a Delaware corporation (the “Company”), the other Persons listed
on the signature pages hereof and the Additional Grantors (as hereinafter defined) (the Company and
the Persons so listed and the Additional Grantors being, collectively, the “Grantors”), and
JPMORGAN CHASE BANK, N.A., as collateral agent (in its capacity as collateral agent, together with
any successor collateral agent, the “Collateral Agent”) for the Secured Parties.

PRELIMINARY STATEMENTS

     (1) The Company has entered into an Amended and Restated Credit Agreement dated as of even
date herewith (as amended, restated, amended and restated, supplemented or otherwise modified from
time to time, the “Credit Agreement”) with the Lenders from time to time party thereto and JPMorgan
Chase Bank, N.A., as Administrative Agent, Swing Line Lender and L/C Issuer.

     (2) Certain of the Grantors and the Collateral Agent have entered into that certain Security
Agreement dated as of July 2, 2008 (as amended, restated, supplemented or otherwise modified from
time to time prior to the date hereof, the “Existing Security Agreement”) with respect to their
respective rights in respect of the Collateral and certain other matters related to that certain
Credit Agreement dated as of July 2, 2008 (which is being amended and restated in the form of the
Credit Agreement on the date hereof) and the other loan documents related thereto.

     (3) Pursuant to the Credit Agreement, the Grantors are entering into this Agreement in order
to grant to the Collateral Agent for the ratable benefit of the Secured Parties a security interest
in the Collateral (as hereinafter defined) to secure their respective Secured Obligations (as
hereinafter defined).

     (4) It is a condition precedent to the making of Loans and the issuance of Letters of Credit
by the Lenders under the Credit Agreement, the entry into Secured Hedge Agreements by the Secured
Hedge Banks from time to time and the providing of treasury, depositary and cash management
services and automated clearing house transfer of funds (collectively, the “Cash Management
Services”) by certain Lenders and their Affiliates from time to time that the Grantors shall have
granted the assignment and security interest and made the pledge and assignment contemplated by
this Agreement.

     (5) Each Grantor will derive substantial direct and indirect benefit from the transactions
contemplated by the Loan Documents, the Secured Hedge Agreements and the instruments, agreements or
other documents evidencing the Secured Cash Management Obligations (collectively, the “Finance
Documents”).

 

 

     (6) Terms defined in the Credit Agreement and not otherwise defined in this Agreement are used
in this Agreement as defined in the Credit Agreement. Further, unless otherwise defined in this
Agreement or in the Credit Agreement, terms defined in Article 8 or 9 of the UCC are used in this
Agreement as such terms are defined in such Article 8 or 9 (including, without limitation,
Accounts, Certificated Security, Chattel Paper, Commercial Tort Claims, Deposit Accounts,
Documents, Equipment, Financial Assets, Fixtures, General Intangibles, Goods, Instruments,
Inventory, Investment Property, Letter-of-Credit Rights, Proceeds, Securities Accounts, Security,
Supporting Obligations and Uncertificated Security). “UCC” means the “Uniform Commercial Code” as
defined in the Credit Agreement.

     NOW, THEREFORE, in consideration of the premises and in order to induce the Lenders to make
Loans and participate in Letters of Credit, and the L/C Issuer to issue Letters of Credit under the
Credit Agreement, to induce the Secured Hedge Banks to enter into Secured Hedge Agreements from
time to time and to induce certain Lenders and their Affiliates to provide Cash Management Services
to any Grantor from time to time each Grantor hereby agrees with the Collateral Agent for the
ratable benefit of the Secured Parties that the Existing Security Agreement shall be amended and
restated in its entirety as follows:

     SECTION 1. Grant of Security. Each Grantor hereby grants to the Collateral Agent,
for the ratable benefit of the Secured Parties, a security interest in such Grantor’s right, title
and interest in and to the following property, in each case, as to each type of property described
below, whether now owned or hereafter acquired by such Grantor, wherever located, and whether now
or hereafter existing or arising, subject to the exceptions more particularly set forth in this
Agreement (collectively, the “Collateral”):

     (A) all Accounts;

     (B) all cash, Cash Equivalents and Cash Collateral;

     (C) all Chattel Paper;

     (D) all Commercial Tort Claims (including, without limitation, the Commercial Tort
Claims set forth on Schedule III hereto);

     (E) the Cash Collateral Account, and all cash deposited therein from time to time;

     (F) all Documents;

     (G) all Equipment;

     (H) all Fixtures;

2

 

     (I) all General Intangibles;

     (J) all Goods;

     (K) all Instruments;

     (L) all Inventory;

     (M) all Letter-of-Credit Rights;

     (N) the following (the “Security Collateral”):

     (i) all indebtedness evidenced by promissory notes or other instruments
from time to time owed to such Grantor (the “Pledged Debt”; all such indebtedness owed by
the Borrower or any Subsidiary is referred to herein as the “Pledged Intercompany Debt”),
and all interest, cash, instruments and other property from time to time received,
receivable or otherwise distributed in respect of or in exchange for any or all of the
Pledged Debt;

     (ii) all Equity Interests from time to time acquired, owned or held
directly by such Grantor in any manner (the “Pledged Equity”; all such Equity Interests
held in a Subsidiary of such Grantor is referred to herein as the “Pledged Subsidiary
Equity” and, together with the Pledged Intercompany Debt, the “Specified Security
Collateral”), including, without limitation, the Equity Interests directly held by each
Grantor set forth opposite such Grantor’s name on and otherwise described on Schedule II,
and the certificates, if any, representing any such Equity Interests, and all dividends,
distributions, return of capital, cash, instruments and other property from time to time
received, receivable or otherwise distributed in respect of or in exchange for any or all
of such Equity Interests; provided that no Grantor shall be required to pledge, and the
terms “Collateral”, “Pledged Equity” and “Security Collateral” used in this Agreement
shall not include, (A) Equity Interests entitled to vote (within the meaning of Treasury
Regulation Section 1.956-2(c)(2) promulgated under the Code) (“Voting Foreign Stock”) in
any Foreign Subsidiary acquired, owned or otherwise held by such Grantor except to the
extent that, when aggregated with all of the other shares of Voting Foreign Stock in such
Foreign Subsidiary pledged by the Grantors, such pledge would not result in more than 65%
of the shares of Voting Foreign Stock in such Foreign Subsidiary being pledged to the
Collateral Agent, on behalf of the Secured Parties under this Agreement (except to the
extent such Equity Interests are pledged to support obligations under any Permitted
Subordinated Indebtedness), provided further that all of the shares of stock or units or
other Equity Interests in such Foreign Subsidiary other than Voting Foreign Stock shall be
pledged by such Grantor, (B) Equity Interests in any Joint Venture which cannot be

3

 

pledged without the consent of any third party (and which such consent has not been
obtained) to the extent such restriction is enforceable, (C) Equity Interests issued by
any Restricted Subsidiary that is not required to be made a Subsidiary Guarantor in
accordance with Section 6.12(a) of the Credit Agreement so long as such Equity Interests
are subject to a Lien permitted by Section 7.01(p) of the Credit Agreement securing
Indebtedness assumed by a Grantor in connection with a Permitted Acquisition, (D) Equity
Interests of any Foreign Subsidiary that are held directly by a Foreign Subsidiary (except
to the extent such Equity Interests are pledged to support obligations under any Permitted
Subordinated Indebtedness), and (E) Equity Interests issued by a Regulated Subsidiary
(except to the extent such Equity Interests are pledged to support obligations under any
Permitted Subordinated Indebtedness); and

     (iii) all other Investment Property and all Financial Assets, and all
dividends, distributions, return of capital, interest, cash, instruments and other
property from time to time received, receivable or otherwise distributed in respect of or
in exchange therefor and all subscription warrants, rights or options issued thereon or
with respect thereto;

     (O) all contracts and agreements between any Grantor and one or more additional
parties (including, without limitation, any Swap Contracts, licensing agreements and any
partnership agreements, joint venture agreements and limited liability company agreements) and the
IP Agreements (as hereinafter defined), in each case as such agreements may be amended, restated,
amended and restated, supplemented or otherwise modified from time to time (collectively, the
“Assigned Agreements”), including, without limitation, all rights of such Grantor to receive moneys
due and to become due under or pursuant to the Assigned Agreements (all such Collateral being the
“Agreement Collateral”); provided that such Grantor shall not be required to grant a security
interest in or a lien on, and the terms “Collateral”, “Assigned Agreements” and “Agreement
Collateral” shall not include, those contracts, instruments, licenses or other documents described
in clause (C) of the proviso to this Section 1;

     (P) the following (collectively, the “Intellectual Property Collateral”):

     (i) all patents, patent applications, utility models and statutory
invention registrations, all inventions claimed or disclosed therein and all improvements
thereto (“Patents”);

     (ii) all trademarks, service marks, domain names, trade dress, logos,
designs, slogans, trade names, business names, corporate names and other source
identifiers, whether registered or unregistered (provided that no security interest shall
be granted in United States intent-to-use trademark applications to the extent that, and
solely during the period in which, the grant of a security interest therein would impair
the validity or

4

 

enforceability of such intent-to-use trademark applications under applicable federal
law), together, in each case, with the goodwill symbolized thereby (“Trademarks”);

     (iii) all copyrights whether registered or unregistered (“Copyrights”),
including, without limitation, copyrights in Computer Software (as hereinafter defined),
internet web sites and the content thereof;

     (iv) all computer software, programs and databases (including, without
limitation, source code, object code and all related applications and data files),
firmware and documentation and materials relating thereto, together with any and all
maintenance rights, service rights, programming rights, hosting rights, test rights,
improvement rights, renewal rights and indemnification rights and any substitutions,
replacements, improvements, error corrections, updates and new versions of any of the
foregoing (“Computer Software”);

     (v) all confidential and proprietary information, including, without
limitation, confidential and proprietary know-how, trade secrets, manufacturing and
production processes and techniques, inventions, research and development information,
databases and data, including, without limitation, technical data, financial, marketing
and business data, pricing and cost information, business and marketing plans and customer
and supplier lists and information (collectively, “Trade Secrets”), and all other
intellectual, industrial and intangible property of any type, including, without
limitation, industrial designs and mask works;

     (vi) all registrations and applications for registration for any of the
foregoing, including, without limitation, those registrations and applications for
registration set forth on Schedule V hereto, together with all reissues, divisions,
continuations, continuations-in-part, extensions, renewals and reexaminations thereof;

     (vii) all rights in the foregoing provided by international treaties or
conventions, all rights corresponding thereto throughout the world and all other rights of
any kind whatsoever of such Grantor accruing thereunder or pertaining thereto;

     (viii) all agreements, permits, consents, orders and franchises relating to
the license, development, use or disclosure of any of the foregoing to which such Grantor,
now or hereafter, is a party or a beneficiary (“IP Agreements”); and

     (ix) any and all claims for damages and injunctive relief for past, present
and future infringement, dilution, misappropriation, violation, misuse or breach with
respect to any of the foregoing, with the right, but

5

 

not the obligation, to sue for and collect, or otherwise recover, such damages;

     (Q) all books and records (including, without limitation, customer lists, credit
files, printouts and other computer output materials and records) of such Grantor pertaining to any
of the Collateral;

     (R) all other tangible and intangible personal property of whatever nature whether
or not covered by Article 9 of the UCC; and

     (S) all Proceeds of, collateral for, income, royalties and other payments now or
hereafter due and payable with respect to, and Supporting Obligations relating to, any and all of
the Collateral and, to the extent not otherwise included, all payments under insurance (whether or
not the Collateral Agent is the loss payee thereof or an additional insured thereunder, as
applicable), or any indemnity, warranty or guaranty, payable by reason of loss or damage to or
otherwise with respect to any of the foregoing Collateral;

provided that notwithstanding anything to the contrary in this Agreement, this Agreement shall not
constitute a grant of a security interest in any of the following (and the following shall not
constitute “Collateral” or any component thereof) (A) motor vehicles, vessels or aircraft (or any
part thereof) the perfection of a security interest in which is excluded from the UCC in the
relevant jurisdiction, (B) any Letter-of-Credit Rights to the extent any Grantor is required by
applicable law to apply the Proceeds of such Letter-of-Credit Rights for a specified purpose, (C)
any General Intangible (including any Intellectual Property Collateral), Investment Property or
other right of a Grantor arising under any contract, instrument, license or other document if (but
only to the extent that) the grant of a security interest therein would constitute a violation of a
valid and enforceable restriction in respect of such General Intangible, Investment Property or
other right in favor of a third party or under any law, regulation, permit, order or decree of any
Governmental Authority, unless and until all required consents shall have been obtained; provided
that the limitation set forth in this clause (C) shall not affect, limit, restrict or impair the
grant by a Grantor of a security interest pursuant to this Agreement in any such Collateral to the
extent that an otherwise applicable prohibition or restriction on such grant is rendered
ineffective by the UCC, (D) any leasehold interest of any Grantor in any real property, (E) any
deposits permitted to be made with third parties pursuant to Section 7.01(e), (f), (h), (i), (k),
(m), (v) and (x) and Section 7.02(p) of the Credit Agreement (and, in the case of Section 7.01(i)
of the Credit Agreement, cash and Cash Equivalents permitted to secure borrowings specified in the
definition of “Cash Management Practices”), (F) any assets of any Regulated Subsidiary (except to
the extent such assets are pledged to support obligations under any Permitted Subordinated
Indebtedness), (G) assets in any Joint Venture which cannot be pledged without the consent of any
third party (and which consent has not been obtained) to the extent such restriction is
enforceable, and (H) any other

6

 

asset if the Collateral Agent reasonably determines that the costs (including, without limitation,
any mortgage, stamp, intangible or other tax, title insurance or similar items) of obtaining the
security interest in such asset are unreasonably excessive in relation to the benefit to the
Secured Parties of the security to be afforded thereby. For the avoidance of doubt, no escrow
account, trust account or similar fiduciary arrangement maintained by any Loan Party from time to
time for the exclusive benefit of unaffiliated third parties (which for the avoidance of doubt
shall not include employees in their capacity as such) in the ordinary course of business (nor the
amounts on deposit therein held for such exclusive purpose) shall constitute Collateral.

     SECTION 2. Security for Obligations. This Agreement secures, in the case of each
Grantor, the payment of all (a) Obligations, (b) Secured Hedging Obligations and (c) Secured Cash
Management Obligations, in each case of such Grantor now or hereafter existing, whether direct or
indirect, absolute or contingent, and whether for principal, reimbursement obligations, interest,
fees, indemnifications, contract causes of action, costs, expenses or otherwise (all such
obligations being the “Secured Obligations”).

     SECTION 3. Grantors Remain Liable. Anything herein to the contrary
notwithstanding, (a) each Grantor shall remain liable under the contracts and agreements included
in such Grantor’s Collateral to the extent set forth therein to perform all of its duties and
obligations thereunder to the same extent as if this Agreement had not been executed, (b) the
exercise by the Collateral Agent of any of the rights hereunder shall not release any Grantor from
any of its duties or obligations under the contracts and agreements included in the Collateral and
(c) no Secured Party shall have any obligation or liability under the contracts and agreements
included in the Collateral by reason of this Agreement or any other Finance Document, nor shall any
Secured Party be obligated to perform any of the obligations or duties of any Grantor thereunder or
to take any action to collect or enforce any claim for payment assigned hereunder.

     SECTION 4. Delivery and Control of Security Collateral. (a) (i) All certificates
representing or evidencing the Pledged Subsidiary Equity and all other certificates representing or
evidencing Pledged Equity (other than certificated Pledged Equity having a fair market value of
less than $5,000,000 in the aggregate for all such equity (collectively, the “Immaterial
Non-Subsidiary Pledged Equity”)), (ii) all instruments representing or evidencing the Pledged Debt
(other than Pledged Intercompany Debt) in an aggregate principal amount in excess of $5,000,000 and
(iii) all instruments representing or evidencing Pledged Intercompany Debt, including any global
intercompany note (and any and all updates and amendments thereto) representing or evidencing
intercompany indebtedness owed to any Grantor by any other Restricted Company (the “Pledged Global
Intercompany Note”) shall be delivered (with respect to all certificates and instruments referred
to in clauses (i) and (ii) above acquired or received by a Grantor after the Effective Date, no
later than the fifteenth day

7

 

following the month of such acquisition or receipt) to and held by or on behalf of the
Collateral Agent pursuant hereto and shall be in suitable form for transfer by delivery, or shall
be accompanied by duly executed instruments of transfer or assignment in blank, all in form and
substance reasonably satisfactory to the Collateral Agent; it being understood and agreed that any
Indebtedness of a Restricted Company (other than a Regulated Subsidiary) owing to a Grantor (other
than such Indebtedness of up to $10,000,000 in the aggregate for all Grantors) shall be evidenced
by the Pledged Global Intercompany Note or another promissory note. To the extent any Pledged
Global Intercompany Note is updated or amended in any calendar quarter to reflect changes to the
parties thereto, the Company shall deliver to the Collateral Agent an update to or a replacement of
Schedule I to such Pledged Global Intercompany Note and any additional counterparts and related
note powers to such Pledged Global Intercompany Note, on or prior to the delivery of the Compliance
Certificate pursuant to Section 6.02(b) of the Credit Agreement for such calendar quarter. During
the continuation of an Event of Default and subject to Section 4(c), the Collateral Agent shall
have the right, at any time in its discretion and without notice to any Grantor, to (i) transfer to
or to register in the name of the Collateral Agent or any of its nominees any or all of the
Security Collateral, subject only to the revocable rights specified in Section 10(a), (ii)
exchange certificates or instruments representing or evidencing Security Collateral for
certificates or instruments of smaller or larger denominations, and (iii) convert Security
Collateral consisting of Financial Assets held directly by the Collateral Agent to Security
Collateral consisting of Financial Assets credited to any Securities Account.

     (B) During the continuation of an Event of Default and subject to Section 4(c),
promptly upon the request of the Collateral Agent, with respect to any Specified Security
Collateral in which any Grantor has any right, title or interest and that constitutes an
Uncertificated Security, such Grantor will cause the issuer thereof either (i) to register the
Collateral Agent as the registered owner of such Security or (ii) to agree in an authenticated
record with such Grantor and the Collateral Agent that such issuer will comply with instructions
with respect to such Security originated by the Collateral Agent without further consent of such
Grantor, such authenticated record to be in form and substance reasonably satisfactory to the
Collateral Agent. During the continuation of an Event of Default and subject to Section 4(c),
with respect to any Specified Security Collateral in which any Grantor has any right, title or
interest and that is not an Uncertificated Security, promptly upon the request of the Collateral
Agent, such Grantor will notify each such issuer of Pledged Subsidiary Equity that such Pledged
Subsidiary Equity is subject to the security interest granted hereunder.

     (C) Notwithstanding anything to the contrary in this Agreement or any other Loan
Document, no control agreement shall be required with respect to any Deposit Account or Securities
Account.

8

 

     SECTION 5. Maintaining Electronic Chattel Paper, Transferable Records and
Letter-of-Credit Rights and Giving Notice of Commercial Tort Claims. So long as any Loan or any
other Obligation of any Loan Party under any Loan Document shall remain unpaid, any Letter of
Credit shall be outstanding or shall not have been otherwise provided for in full in a manner
reasonably satisfactory to the L/C Issuer or any Lender shall have any Commitment:

     (A) During the continuation of an Event of Default, promptly upon the request of the
Collateral Agent, each Grantor will maintain (i) all Electronic Chattel Paper so that the
Collateral Agent has control of the Electronic Chattel Paper in the manner specified in Section
9-105 of the UCC and (ii) all transferable records so that the Collateral Agent has control of the
transferable records in the manner specified in Section 16 of the Uniform Electronic Transactions
Act, as in effect in the jurisdiction governing such transferable record. Notwithstanding anything
to the contrary in this Agreement, except during the continuation of an Event of Default, no
Grantor shall be required to deliver possession of tangible Chattel Paper to Collateral Agent; and

     (B) Each Grantor will give prompt notice to the Collateral Agent of any Commercial
Tort Claim individually in excess of $5,000,000 that may arise in the future (which notice shall be
given on or prior to the delivery of the Compliance Certificate delivered pursuant to Section
6.02(b) of the Credit Agreement for any calendar quarter in which the general counsel of the
company shall have reasonably concluded that such Commercial Tort Claim meeting this requirement
has been filed in pending litigation by the relevant Grantor) and will promptly execute or
otherwise authenticate a supplement to this Agreement, and otherwise take all necessary action, to
subject such Commercial Tort Claim to the security interest created under this Agreement.

     SECTION 6. Representations and Warranties. Each Grantor represents and warrants as
follows:

     (A) As of the Effective Date, (i) such Grantor’s exact legal name, as defined in
Section 9-503(a) of the UCC, is correctly set forth in Schedule I hereto and (ii) such Grantor is
located (within the meaning of Section 9-307 of the UCC) in the state or jurisdiction of its
organization set forth in Schedule I hereto. As of the Effective Date, the information set forth
in Schedule I hereto with respect to such Grantor is true and accurate in all material respects.

     (B) All Pledged Subsidiary Equity (other than Immaterial Non-Subsidiary Pledged
Equity) has been or will be delivered to the Collateral Agent in accordance herewith.

     (C) Such Grantor is the legal and beneficial owner of the Collateral of such Grantor
free and clear of any Lien, except for the security interest created

9

 

under this Agreement and Liens permitted under Section 7.01 of the Credit Agreement.

     (D) The Pledged Subsidiary Equity pledged by such Grantor hereunder has been duly
authorized and validly issued and is fully paid and (except as otherwise provided by Law)
non-assessable.

     (E) The Pledged Subsidiary Equity pledged by such Grantor constitutes, as of the
Effective Date, the percentage of the issued and outstanding Equity Interests of the issuers
thereof indicated on Schedule II hereto.

     (F) (i) This Agreement creates in favor of the Collateral Agent for the benefit of
the Secured Parties a valid security interest in all of the Collateral of each Grantor, securing
the payment of the Secured Obligations of such Grantor; (ii) upon the filing of a UCC financing
statement in the UCC filing office in the jurisdiction set forth in Schedule I under the heading
“Jurisdiction of Organization” with respect to such Grantor, naming such Grantor as the debtor and
the Collateral Agent as the secured party and including the collateral description set forth in
Schedule IV, all actions necessary to perfect the security interest in the Collateral of such
Grantor created under this Agreement with respect to which a Lien may be perfected by filing
pursuant to the UCC, including, without limitation, unregistered Copyrights (all such Collateral,
“Filing Collateral”) shall have been duly made or taken and be in full force and effect, and the
Lien created under this Agreement in such Grantor’s Filing Collateral shall be perfected; (iii)
upon the timely recordation of a Copyright Security Agreement substantially in the form of Exhibit
B (or such other form as may be reasonably approved by the Collateral Agent) naming such Grantor as
the grantor and the Collateral Agent as the secured party with the U.S. Copyright Office, all
actions necessary to perfect the security interest in the Collateral of such Grantor consisting of
the Copyrights described therein and IP Agreements with respect thereto (“Copyright Collateral”),
in each case, with respect to which a Lien may be perfected by such filing, shall have been duly
made or taken and the Lien created under this Agreement in such Grantor’s Copyright Collateral
shall be perfected; and (iv) upon the timely recordation of a Patent Security Agreement
substantially in the form of Exhibit C (or such other form as may be reasonably approved by the
Collateral Agent) and a Trademark Security Agreement substantially in the form of Exhibit D (or
such other form as may be reasonably approved by the Collateral Agent) naming such Grantor as the
grantor and the Collateral Agent as the secured party with the U.S. Patent and Trademark Office,
all actions necessary to perfect the security interest in the Collateral of such Grantor consisting
of the Patents and Trademarks described therein (“Patent and Trademark Collateral”), in each case,
with respect to which a Lien may be perfected by such filing, shall have been duly made or taken
and the Lien created under this Agreement in such Grantor’s Patent and Trademark Collateral shall
be perfected.

10

 

     (G) Except as could not reasonably be expected to have a Material Adverse Effect:

     (i) To such Grantor’s knowledge, the operation of such Grantor’s business
as currently conducted or as contemplated to be conducted and the use of the Intellectual
Property Collateral in connection therewith do not conflict with, infringe,
misappropriate, dilute, misuse or otherwise violate the intellectual property rights of
any third party.

     (ii) The registered Intellectual Property Collateral is subsisting and has
not been adjudged invalid or unenforceable in whole or part, and to such Grantor’s
knowledge, is valid and enforceable. Such Grantor is not aware of any uses of any item of
Intellectual Property Collateral by a Grantor that could reasonably be expected to lead to
such item becoming invalid or unenforceable.

     (iii) Such Grantor has made or performed all filings, recordings and other
acts and has paid all required fees and taxes to maintain and protect its interest in its
registered Intellectual Property Collateral in full force and effect in the United States,
and to protect and maintain its interest therein including, without limitation,
recordations of any of its interests in the Patents and Trademarks with the U.S. Patent
and Trademark Office and recordation of any of its interests in the Copyrights with the
U.S. Copyright Office. Such Grantor has used any statutory notice required in the United
States in connection with its use of each registered Patent, Trademark and Copyright in
the Intellectual Property Collateral.

     (iv) To such Grantor’s knowledge, (A) none of the material Trade Secrets of
such Grantor has been used, divulged, disclosed or appropriated to the detriment of such
Grantor for the benefit of any Person other than such Grantor; (B) no employee,
independent contractor or agent of such Grantor has misappropriated any trade secrets of
any other Person in the course of the performance of his or her duties as an employee,
independent contractor or agent of such Grantor; and (C) no employee, independent
contractor or agent of such Grantor is in default or breach of any term of any employment
agreement, non-disclosure agreement, assignment of inventions agreement or similar
agreement or contract relating in any way to the protection, ownership, development, use
or transfer of such Grantor’s Intellectual Property Collateral.

     (v) To such Grantor’s knowledge, no Grantor or Intellectual Property
Collateral is subject to any outstanding consent, settlement, decree, order, injunction,
judgment or ruling restricting the use of any Intellectual Property Collateral by such
Grantor or that would impair the validity or enforceability of such Intellectual Property
Collateral.

11

 

     SECTION 7. Further Assurances. (a) Each Grantor agrees that from time to time, at
the expense of such Grantor, such Grantor will promptly execute and deliver, or otherwise
authenticate, all further instruments and documents, and take all further action that may be
reasonably necessary or desirable, or that the Collateral Agent may reasonably request, in order to
perfect and protect any pledge or security interest granted or purported to be granted by such
Grantor hereunder or to enable the Collateral Agent to exercise and enforce its rights and remedies
hereunder with respect to any Collateral of such Grantor.

     (B) Each Grantor hereby authorizes the Collateral Agent to file one or more
financing or continuation statements, and amendments thereto, including, without limitation, one or
more financing statements indicating that such financing statements cover all assets or all
personal property (or words of similar effect) of such Grantor, in each case without the signature
of such Grantor, and regardless of whether any particular asset described in such financing
statements falls within the scope of the UCC. A photocopy or other reproduction of this Agreement
or any financing statement covering the Collateral or any part thereof shall be sufficient as a
financing statement where permitted by law. Each Grantor ratifies its authorization for the
Collateral Agent to have filed such financing statements, continuation statements or amendments
filed prior to the Original Closing Date or the Effective Date.

     (C) No Grantor will permit any Collateral consisting of Equity Interests of any
Subsidiary of such Grantor to constitute at any time a Financial Asset credited to a Securities
Account.

     SECTION 8. Post-Closing Changes; Bailees; Collections on Assigned Agreements and
Accounts. (a) If any Grantor changes its name, type of organization, jurisdiction of organization
or organizational identification number from those set forth in Section 6(a) of this Agreement,
the Company or such Grantor will provide a written notice thereof to the Collateral Agent no later
than the fifteenth day immediately following the calendar month in which such change occurred (or
such longer period of time as the Collateral Agent may agree in its sole and absolute discretion)
and shall take all action reasonably required by the Collateral Agent for the purpose of perfecting
or protecting the security interest granted by this Agreement.

     (B) During the continuation of an Event of Default, if any Collateral of any Grantor
is at any time in the possession or control of a warehouseman, bailee or agent, upon the request of
the Collateral Agent, such Grantor will promptly (i) notify such warehouseman, bailee or agent of
the security interest created hereunder and (ii) instruct such warehouseman, bailee or agent to
hold all such Collateral solely for the Collateral Agent’s account subject only to the Collateral
Agent’s instructions.

12

 

     (C) Except as otherwise provided in this subsection (c), each Grantor will continue
to collect, at its own expense, all amounts due or to become due such Grantor under the Accounts.
In connection with such collections, such Grantor may take (and, at the Collateral Agent’s
direction during the continuation of an Event of Default, shall take) such commercially reasonable
action as such Grantor (or, during the continuation of an Event of Default, the Collateral Agent)
may deem necessary or advisable to enforce collection thereof; provided that the Collateral Agent
shall have the right, at any time upon the occurrence and during the continuance of an Event of
Default and upon written notice to such Grantor of its intention to do so, to notify the obligors
under any Accounts of the assignment of such Accounts to the Collateral Agent and to direct such
obligors to make payment of all amounts due or to become due to such Grantor thereunder directly to
the Collateral Agent and, upon such notification and at the expense of such Grantor, to enforce
collection of any such Accounts, to adjust, settle or compromise the amount or payment thereof, in
the same manner and to the same extent as such Grantor might have done, and to otherwise exercise
all rights with respect to such Accounts, including, without limitation, those set forth in Section
9-607 of the UCC. After receipt by any Grantor of the notice from the Collateral Agent referred to
in the proviso to the preceding sentence, all amounts and Proceeds (including, without limitation,
Instruments) received by such Grantor in respect of the Accounts of such Grantor shall be received
in trust for the benefit of the Collateral Agent hereunder, shall be segregated from other funds of
such Grantor and shall be either (A) released to such Grantor to the extent permitted under the
terms of the Credit Agreement so long as no Event of Default shall have occurred and be continuing
or (B) if any Event of Default shall have occurred and be continuing, applied as provided in
Section 8.03 of the Credit Agreement.

     SECTION 9. As to Intellectual Property Collateral. (a) Except to the extent
failure to act could not reasonably be expected to have a Material Adverse Effect, with respect to
any registration or pending application of each item of its Intellectual Property Collateral for
which such Grantor has standing to do so, each Grantor agrees to take, at its expense, all
commercially reasonable steps, including, without limitation, in the U.S. Patent and Trademark
Office, the U.S. Copyright Office and any other governmental authority located in the United
States, to (i) maintain the validity and enforceability of any registered Intellectual Property
Collateral and maintain such Intellectual Property Collateral in full force and effect and (ii)
pursue the registration and maintenance of each Patent, Trademark, or Copyright registration or
application, now or hereafter included in such Intellectual Property Collateral of such Grantor,
including, without limitation, the payment of required fees and taxes, the filing of responses to
office actions issued by the U.S. Patent and Trademark Office, the U.S. Copyright Office or other
governmental authorities, the filing of applications for renewal or extension, the filing of
affidavits under Sections 8 and 15 of the U.S. Trademark Act, the filing of divisional,
continuation, continuation-in-part, reissue and renewal applications or extensions, the payment of
maintenance fees and the participation

13

 

in interference, reexamination, opposition, cancellation, infringement and misappropriation
proceedings.

     (B) Except as could not reasonably be expected to have a Material Adverse Effect, no
Grantor shall do or permit any act or knowingly omit to do any act whereby any of its Intellectual
Property Collateral may lapse or become invalid or unenforceable or placed in the public domain.

     (C) Except where failure to do so could not reasonably be expected to have a
Material Adverse Effect, each Grantor shall take all commercially reasonable steps which it (or the
Collateral Agent during the continuation of an Event of Default) deems reasonable and appropriate
under the circumstances to preserve and protect each item of its Intellectual Property Collateral,
including, without limitation, maintaining the quality of any and all products or services used or
provided in connection with any of the Trademarks, consistent with the quality of the products and
services as of the date hereof, and taking all steps necessary to ensure that all licensed users of
any of the Trademarks abide by the applicable license’s terms with respect to the standards of
quality.

     (D) With respect to its Intellectual Property Collateral, each Grantor agrees on or
prior to the Effective Date to execute and deliver (i) a copyright security agreement substantially
in the form of Exhibit B hereto (the “Copyright Security Agreement”), (ii) a patent security
agreement substantially in the form of Exhibit C hereto and (iii) a trademark security agreement
substantially in the form of Exhibit D hereto, in each case for recording the security interest
granted hereunder to the Collateral Agent in the Intellectual Property Collateral with the U.S.
Patent and Trademark Office or the U.S. Copyright Office, as applicable.

     (E) Each Grantor agrees that, should it obtain an ownership interest in any
Intellectual Property Collateral after the Effective Date (“After-Acquired Intellectual Property”)
(i) the provisions of this Agreement shall automatically apply thereto, (ii) any such
After-Acquired Intellectual Property and, in the case of Trademarks, the goodwill symbolized
thereby, shall automatically become part of the Intellectual Property Collateral subject to the
terms and conditions of this Agreement with respect thereto and (iii) concurrently with the
delivery of each Compliance Certificate pursuant to Section 6.02(b) of the Credit Agreement, such
Grantor shall sign and deliver to the Collateral Agent an appropriate Intellectual Property
Security Agreement with respect to any After-Acquired Intellectual Property registered with the
U.S. Patent and Trademark Office or the U.S. Copyright Office; provided that an Intellectual
Property Security Agreement shall not be required to be delivered with respect to After-Acquired
Intellectual Property for which such Grantor reasonably believes the fair market value at the time
acquired to be less than $2,000,000 individually and less than $5,000,000 in the aggregate for all
such After-Acquired Intellectual Property for which Intellectual Property Security Agreements have
not been delivered.

14

 

     SECTION 10. Voting Rights; Dividends; Etc. (a) So long as no Event of Default
shall have occurred and be continuing:

     (i) Each Grantor shall be entitled to exercise any and all voting and other
consensual rights pertaining to the Security Collateral of such Grantor or any part
thereof for any purpose.

     (ii) Each Grantor shall be entitled to receive and retain any and all
dividends, interest and other distributions paid in respect of the Security Collateral of
such Grantor if and to the extent that the payment thereof (or retention by Grantor) is
not otherwise prohibited by the terms of the Loan Documents; provided that any and all
dividends, interest and other distributions paid or payable other than in cash in respect
of, and instruments and other property received, receivable or otherwise distributed in
respect of, or in exchange for, any Security Collateral, shall constitute Collateral and,
to the extent in the form of indebtedness evidenced by promissory notes or other
instruments or in the form of Equity Interests, shall be, and shall be forthwith delivered
to the Collateral Agent to hold as, Security Collateral and shall, if received by such
Grantor, be received in trust for the benefit of the Collateral Agent and be forthwith
delivered (no later than the fifteenth day after the end of the month in which received by
such Grantor) to the Collateral Agent as Security Collateral in the same form as so
received (with any necessary endorsement).

     (iii) The Collateral Agent will execute and deliver (or cause to be
executed and delivered) to each Grantor all such proxies and other instruments as such
Grantor may reasonably request for the purpose of enabling such Grantor to exercise the
voting and other rights that it is entitled to exercise pursuant to paragraph (i) above
and to receive the dividends or interest payments that it is authorized to receive and
retain pursuant to paragraph (ii) above.

     (B) Upon the occurrence and during the continuance of an Event of Default:

     (i) All rights of each Grantor (x) to exercise or refrain from exercising
the voting and other consensual rights that it would otherwise be entitled to exercise
pursuant to Section 10(a)(i) shall, upon notice to such Grantor by the Collateral Agent,
cease and (y) to receive the dividends, interest and other distributions that it would
otherwise be authorized to receive and retain pursuant to Section 10(a)(ii) shall, upon
notice to such Grantor by the Collateral Agent, cease and all such rights shall thereupon
become vested in the Collateral Agent, which shall thereupon have the sole right to
exercise or refrain from exercising such

15

 

voting and other consensual rights and to receive and hold as Security Collateral
such dividends, interest and other distributions.

     (ii) All dividends, interest and other distributions that are received by
any Grantor contrary to the provisions of paragraph (i) of this Section 10(b) shall be
received in trust for the benefit of the Collateral Agent, shall be segregated from other
funds of such Grantor and shall be forthwith paid over to the Collateral Agent as Security
Collateral in the same form as so received (with any necessary endorsement).

     SECTION 11. Transfers and Other Liens; Additional Shares. (a) Each Grantor agrees
that it will not (i) sell, assign or otherwise dispose of, or grant any option with respect to, any
of the Collateral, other than sales, assignments and other dispositions of Collateral, and options
relating to Collateral, permitted under the terms of the Credit Agreement, or (ii) create or suffer
to exist any Lien upon or with respect to any of the Collateral of such Grantor except for the
pledge, assignment and security interest created under this Agreement and other Liens permitted
under the Credit Agreement.

     (b) Each Grantor agrees that it will (i) cause each issuer of the Pledged Subsidiary Equity
pledged by such Grantor not to issue any Equity Interests in substitution for or with respect to
the Pledged Equity issued by such issuer, except to such Grantor, and (ii) deliver no later than
the fifteenth day following the month of its acquisition (directly) thereof, any and all
certificates representing additional Pledged Equity in accordance with the first sentence of
Section 4(a).

     SECTION 12. Collateral Agent Appointed Attorney-in-Fact. Each Grantor hereby
irrevocably appoints the Collateral Agent such Grantor’s attorney in fact, with full authority in
the place and stead of such Grantor and in the name of such Grantor or otherwise, from time to
time, upon the occurrence and during the continuance of an Event of Default, in the Collateral
Agent’s discretion, to take any action and to execute any instrument that the Collateral Agent may
deem necessary or advisable to accomplish the purposes of this Agreement, including, without
limitation:

     (A) to obtain and adjust insurance required to be paid to the Collateral Agent,

     (B) to ask for, demand, collect, sue for, recover, compromise, receive and give
acquittance and receipts for moneys due and to become due under or in respect of any of the
Collateral,

     (C) to receive, indorse and collect any drafts or other instruments, documents and
Chattel Paper, in connection with clause (a) or (b) above, and

     (D) to file any claims or take any action or institute any proceedings that the
Collateral Agent may deem necessary or desirable for the collection of any of

16

 

the Collateral or otherwise to enforce compliance with the terms and conditions of any
Assigned Agreement or the rights of the Collateral Agent with respect to any of the Collateral.

     SECTION 13. Collateral Agent May Perform. If any Grantor fails to perform any
agreement contained herein, the Collateral Agent may, but without any obligation to do so and
without notice, itself perform, or cause performance of, such agreement, and the reasonable
out-of-pocket expenses of the Collateral Agent incurred in connection therewith shall be payable by
such Grantor under Section 16.

     SECTION 14. Collateral Agent’s Duties. The powers conferred on the Collateral
Agent hereunder are solely to protect the Secured Parties’ interest in the Collateral and shall not
impose any duty upon it to exercise any such powers. Except for the safe custody of any Collateral
in its possession and the accounting for moneys actually received by it hereunder, the Collateral
Agent shall have no duty as to any Collateral, as to ascertaining or taking action with respect to
calls, conversions, exchanges, maturities, tenders or other matters relative to any Collateral,
whether or not any Secured Party has or is deemed to have knowledge of such matters, or as to the
taking of any necessary steps to preserve rights against any parties or any other rights pertaining
to any Collateral. The Collateral Agent shall be deemed to have exercised reasonable care in the
custody and preservation of any Collateral in its possession if such Collateral is accorded
treatment substantially equal to that which it accords its own property, and will not be liable or
responsible for any loss or damage to any Collateral, or for any diminution in the value thereof,
by reason of any act or omission of any sub-agent or bailee selected by the Collateral Agent in
good faith, except to the extent that such liability arises from the Collateral Agent’s gross
negligence or willful misconduct.

     SECTION 15. Remedies. If any Event of Default shall have occurred and be
continuing:

     (A) The Collateral Agent may exercise in respect of the Collateral, in addition to
other rights and remedies provided for herein or otherwise available to it, all the rights and
remedies of a secured party upon default under the UCC (whether or not the UCC applies to the
affected Collateral) and also may: (i) require each Grantor to, and each Grantor hereby agrees
that it will at its expense and upon request of the Collateral Agent forthwith, assemble all or
part of the Collateral as directed by the Collateral Agent and make it available to the Collateral
Agent at a place and time to be designated by the Collateral Agent that is reasonably convenient to
both parties; (ii) without notice except as specified below, sell the Collateral or any part
thereof in one or more parcels at public or private sale, at any of the Collateral Agent’s offices
or elsewhere, for cash, on credit or for future delivery, and upon such other terms as the
Collateral Agent may deem commercially reasonable; (iii) occupy any premises owned or, to the

17

 

extent lawful and permitted, leased by any of the Grantors where the Collateral or any part
thereof is assembled or located for a reasonable period in order to effectuate its rights and
remedies hereunder or under law, without obligation to such Grantor in respect of such occupation;
and (iv) exercise any and all rights and remedies of any of the Grantors under or in connection
with the Collateral, or otherwise in respect of the Collateral, including, without limitation, (A)
any and all rights of such Grantor to demand or otherwise require payment of any amount under, or
performance of any provision of, the Assigned Agreements, the Accounts and the other Collateral and
(B) exercise all other rights and remedies with respect to the Assigned Agreements, the Accounts
and the other Collateral, including, without limitation, those set forth in Section 9-607 of the
UCC. The Collateral Agent shall give the applicable Grantors at least ten Business Days written
notice (or such longer period as may be required by applicable Law) of the time and place of any
public sale or the time after which any private sale is to be made and each Grantor agrees that
such notice shall constitute reasonable notification. The Collateral Agent shall not be obligated
to make any sale of Collateral regardless of notice of sale having been given. The Collateral
Agent may adjourn any public or private sale from time to time by announcement at the time and
place fixed therefor, and such sale may, without further notice, be made at the time and place to
which it was so adjourned.

     (B) Immediately upon the request of the Collateral Agent, all payments received by
any Grantor under or in connection with any Assigned Agreement or otherwise in respect of the
Collateral shall be received in trust for the benefit of the Collateral Agent, shall be segregated
from other funds of such Grantor and shall be forthwith paid over to the Collateral Agent in the
same form as so received (with any necessary endorsement).

     (C) If the Collateral Agent shall determine to exercise its right to sell all or any
of the Security Collateral of any Grantor pursuant to this Section 15, each Grantor agrees that,
upon request of the Collateral Agent, such Grantor will, at its own expense, do or cause to be done
all such other acts and things as may be necessary to make such sale of such Security Collateral or
any part thereof valid and binding and in compliance with applicable law.

     (D) The Collateral Agent is authorized, in connection with any sale of the Security
Collateral pursuant to this Section 15, to deliver or otherwise disclose to any prospective
purchaser of the Security Collateral: (i) any registration statement or prospectus, and all
supplements and amendments thereto; (ii) any information and projections; and (iii) any other
information in its possession relating to such Security Collateral.

     (E) The Collateral Agent shall apply the proceeds of any sale or other disposition
of all or any part of the Collateral in the order of priorities set forth in Section 8.03 of the
Credit Agreement.

18

 

     SECTION 16. Indemnity and Expenses. (a) Each Grantor shall indemnify and hold
harmless each Secured Party and their respective Affiliates, directors, officers, employees,
counsel, agents and attorneys-in-fact (collectively the “Indemnitees”) from and against any and all
liabilities, losses, damages, claims and costs (including, without limitation, Attorney Costs
(which shall be limited to one (1) counsel to the Secured Parties (exclusive of one local counsel
in each relevant jurisdiction), unless (x) the interests of the Collateral Agent and the other
Secured Parties are sufficiently divergent, in which case one (1) additional counsel may be
appointed and (y) if the interests of any Secured Party or group of Secured Parties (other than all
of the Secured Parties) are distinctly or disproportionately affected, one (1) additional counsel
for such Secured Party or group of Secured Parties)) of any kind or nature whatsoever which may at
any time be imposed on, incurred by or asserted against any such Indemnitee in any way relating to
or arising out of or in connection with (1) the execution, delivery, enforcement, performance or
administration of this Agreement or any other agreement, letter or instrument delivered in
connection with the transactions contemplated hereby or the consummation of the transactions
contemplated hereby, (2) any actual or alleged presence or release of Hazardous Materials on or
from any property currently or formerly owned or operated by any Grantor, or any Environmental
Liability related in any way to any Grantor, or (3) any actual or prospective claim, litigation,
investigation or proceeding relating to any of the foregoing, whether based on contract, tort or
any other theory (including, without limitation, any investigation of, preparation for, or defense
of any pending or threatened claim, investigation, litigation or proceeding) and regardless of
whether any Indemnitee is a party thereto (all the foregoing, collectively, the “Indemnified
Liabilities”), in all cases, whether or not caused by or arising, in whole or in part, out of the
negligence of the Indemnitee; provided that such indemnity shall not, as to any Indemnitee, be
available to the extent that such liabilities, losses, damages, claims or costs (x) have resulted
from the gross negligence or willful misconduct of such Indemnitee or breach of the Loan Documents
by such Indemnitee as determined by the final non-appealable judgment of a court of competent
jurisdiction or (y) arise from claims of any of the Secured Parties solely against one or more
Secured Parties that have not resulted from any misrepresentation, default or the breach of any
Loan Document or any actual or alleged performance or non-performance by a Grantor, the Company or
one of their Subsidiaries or other Affiliates or any of their respective officers, directors,
stockholders, partners, members, employees, agents, representatives or advisors. In the case of an
investigation, litigation or other proceeding to which the indemnity in this Section 16 applies,
such indemnity shall be effective whether or not such investigation, litigation or proceeding is
brought by any Loan Party, its directors, shareholders or creditors or an Indemnitee or any other
Person, whether or not any Indemnitee is otherwise a party thereto and whether or not any of the
transactions contemplated hereunder or under any of the other Loan Documents is consummated. All
amounts due under this Section 16 shall be paid promptly after receipt by the relevant Grantor of
an invoice in reasonable detail. The agreements in this Section 16 shall survive

19

 

the resignation of the Collateral Agent, the replacement of any Lender, the termination of the
Aggregate Commitments, the repayment, satisfaction or discharge of all the other Secured
Obligations, the termination of the security interests created hereunder and the release of the
Liens created hereunder on all or any portion of the Collateral.

     (B) Each Grantor will upon demand pay to the Collateral Agent the amount of any and
all reasonable out-of-pocket expenses, including, without limitation, the reasonable fees and
expenses of its counsel (which shall be limited to one (1) counsel (exclusive of one local counsel
in each relevant jurisdiction)) and of any experts and agents, that the Collateral Agent may incur
in connection with (i) the custody, preservation, use or operation of, or the sale of, collection
from or other realization upon, any of the Collateral of such Grantor or (ii) the exercise or
enforcement of any of the rights of the Collateral Agent or the other Secured Parties hereunder.

     SECTION 17. Amendments; Waivers; Additional Grantors; Etc. (a) No amendment or
waiver of any provision of this Agreement, and no consent to any departure by any Grantor herefrom,
shall in any event be effective unless the same shall be in writing and signed by each Grantor to
which such amendment or waiver is to apply and the Collateral Agent (with the consent of the
requisite number of Lenders specified in the Credit Agreement), and then such waiver or consent
shall be effective only in the specific instance and for the specific purpose for which given. No
failure on the part of the Collateral Agent or any other Secured Party to exercise, and no delay in
exercising any right hereunder, shall operate as a waiver thereof; nor shall any single or partial
exercise of any such right preclude any other or further exercise thereof or the exercise of any
other right.

     (B) Upon the execution and delivery, or authentication, by any Person of a security
agreement supplement in substantially the form of Exhibit A hereto or such other form as may be
reasonably approved by the Collateral Agent (each a “Security Agreement Supplement”), (i) such
Person shall be referred to as an “Additional Grantor” and shall be and become a Grantor hereunder,
and each reference in this Agreement and the other Loan Documents to “Grantor” shall also mean and
be a reference to such Additional Grantor, and each reference in this Agreement and the other Loan
Documents to “Collateral” shall also mean and be a reference to the Collateral of such Additional
Grantor, and (ii) the supplemental Schedules I through V attached to each Security Agreement
Supplement shall be incorporated into and become a part of and supplement Schedules I through V,
respectively, hereto, and the Collateral Agent may attach such supplemental schedules to such
Schedules; and each reference to such Schedules shall mean and be a reference to such Schedules as
supplemented pursuant to each Security Agreement Supplement.

20

 

     SECTION 18. Notices, Etc. All notices and other communications provided for
hereunder shall be in writing (including, without limitation, telegraphic, telecopy or telex
communication or facsimile transmission) and mailed, telegraphed, telecopied, telexed, faxed or
delivered to it, if to any Grantor, addressed to it in care of the Company at the Company’s address
specified in Section 10.02 of the Credit Agreement, and if to the Collateral Agent, at its address
specified in Section 10.02 of the Credit Agreement. All such notices and other communications
shall be deemed to be given or made at such time as shall be set forth in Section 10.02 of the
Credit Agreement. Delivery by telecopier or electronic mail of an executed counterpart of any
amendment or waiver of any provision of this Agreement or of any Security Agreement Supplement or
Schedule hereto shall be effective as delivery of an original executed counterpart thereof.

     SECTION 19. Continuing Security Interest; Assignments under the Credit Agreement.
This Agreement shall create a continuing security interest in the Collateral and shall (a) remain
in full force and effect until the later of (i) the payment in full in cash of the Secured
Obligations, (other than Obligations with respect to contingent indemnification obligations,
Secured Hedging Obligations and Cash Management Obligations not yet due and payable) and the
termination of the Commitments and (ii) the termination or expiration of all Letters of Credit or
other provision therefor in full in a manner reasonably satisfactory to the L/C Issuer, (b) be
binding upon each Grantor, its successors and assigns and (c) inure, together with the rights and
remedies of the Collateral Agent hereunder, to the benefit of the Secured Parties and their
permitted respective successors, transferees and assigns. Without limiting the generality of the
foregoing clause (c), any Lender may assign or otherwise transfer all or any portion of its rights
and obligations under the Credit Agreement (including, without limitation, all or any portion of
its Commitments, the Loans owing to it and the Note or Notes, if any, held by it) to any other
Person, and such other Person shall thereupon become vested with all the benefits in respect
thereof granted to such Lender herein or otherwise, in each case as provided in Section 10.07 of
the Credit Agreement.

     SECTION 20. Reaffirmation. Each of the Grantors under the Existing Security
Agreement hereby confirms its respective guarantees, pledges and grants of security interests as
applicable under each of the Loan Documents to which it is party, and agrees that, notwithstanding
the effectiveness of the amendment and restatement of the Original Credit Agreement, the Existing
Subsidiary Guaranty (as defined in the Subsidiary Guaranty) and the Existing Security Agreement,
such guarantees, pledges and grants of security interests, as applicable, shall continue to be in
full force and effect and shall continue to inure to the benefit of the Lenders and the other
Secured Parties.

     SECTION 21 Release; Termination. (a) Upon any sale, lease, transfer or other
disposition of any item of Collateral of any Grantor permitted by, and in

21

 

accordance with, the terms of the Loan Documents to any Person other than a Loan Party or upon
the effectiveness of any consent to the release of the security interest granted hereby in any
Collateral pursuant to Section 9.11 of the Credit Agreement, the Lien created under this Agreement
on such Collateral (but not on any Proceeds thereof) shall automatically terminate; provided that,
with respect to any Collateral that is also subject to any Lien securing any Permitted Subordinated
Indebtedness, the Lien created under this Agreement shall not terminate unless the Lien securing
such Permitted Subordinated Indebtedness is (or is simultaneously) terminated. Upon the release of
any Grantor (other than the Company) from its Subsidiary Guaranty, if any, in accordance with the
terms of the Loan Documents, the Lien created under this Agreement on the Collateral of such
Grantor shall automatically terminate and such Grantor shall automatically be released from its
obligations hereunder. The Collateral Agent will, at such Grantor’s expense, execute and deliver
to such Grantor such documents (together with any applicable possessory Collateral if then in the
possession of the Collateral Agent) as such Grantor shall reasonably request to evidence any
release of the Lien created under this Agreement on any Collateral pursuant to this Section 21(a);
provided that such Grantor shall have delivered to the Collateral Agent a written request therefor
describing the item of Collateral and the terms of the sale, lease, transfer or other disposition
in reasonable detail, and a certificate of such Grantor to the effect that the transaction is in
compliance with the Loan Documents and as to such other matters as the Collateral Agent may
request. The Collateral Agent shall be authorized to rely on any such certificate without
independent investigation.

     (B) Upon the later of (i) the payment in full in cash of the Secured Obligations
(other than contingent indemnification obligations, Secured Hedging Obligations and Cash Management
Obligations not yet due and payable) and the termination of the Commitments and (ii) the
termination or expiration of all Letters of Credit or other provision therefor in full in a manner
reasonably satisfactory to the L/C Issuer, the Lien on all Collateral created under this Agreement
shall terminate and all rights to the Collateral shall revert to the applicable Grantor. Upon any
such termination, the Collateral Agent will, at the applicable Grantor’s expense, execute and
deliver to such Grantor such documents as such Grantor shall reasonably request to evidence such
termination.

     SECTION 22. Execution in Counterparts. This Agreement may be executed in any
number of 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. Delivery of an executed
counterpart of a signature page to this Agreement by telecopier or electronic mail shall be
effective as delivery of an original executed counterpart of this Agreement.

     SECTION 23. The Mortgages. In the event that any of the Collateral hereunder is
also subject to a valid and enforceable Lien under the terms of any Mortgage and the terms of such
Mortgage are inconsistent with the terms of this

22

 

Agreement, then with respect to such Collateral, the terms of such Mortgage shall be
controlling in the case of Fixtures and real estate leases, letting and licenses of, and contracts
and agreements relating to the lease of, real property, and the terms of this Agreement shall be
controlling in the case of all other Collateral.

     SECTION 24. GOVERNING LAW; JURISDICTION; WAIVER OF JURY TRIAL, ETC. (a) THIS
AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW
YORK.

     (B) ANY LEGAL ACTION OR PROCEEDING WITH RESPECT TO THIS AGREEMENT OR ANY OTHER LOAN
DOCUMENT MAY BE BROUGHT IN THE COURTS OF THE STATE OF NEW YORK SITTING IN NEW YORK CITY OR OF THE
UNITED STATES FOR THE SOUTHERN DISTRICT OF SUCH STATE, AND BY EXECUTION AND DELIVERY OF THIS
AGREEMENT, EACH PARTY HERETO CONSENTS, FOR ITSELF AND IN RESPECT OF ITS PROPERTY, TO THE EXCLUSIVE
JURISDICTION OF THOSE COURTS (AND IN THE CASE OF EACH GRANTOR, FOR ANY COLLATERAL OR SIMILAR
ENFORCEMENT PROCEEDING, TO THE COURTS OF ANY JURISDICTION WHERE ITS ASSETS ARE LOCATED). EACH
PARTY HERETO IRREVOCABLY WAIVES ANY OBJECTION, INCLUDING, WITHOUT LIMITATION, ANY OBJECTION TO THE
LAYING OF VENUE OR BASED ON THE GROUNDS OF FORUM NON CONVENIENS, WHICH IT MAY NOW OR HEREAFTER HAVE
TO THE BRINGING OF ANY ACTION OR PROCEEDING IN SUCH JURISDICTION IN RESPECT OF ANY LOAN DOCUMENT OR
OTHER DOCUMENT RELATED THERETO.

     (C) EACH PARTY HERETO HEREBY IRREVOCABLY WAIVES ALL RIGHT TO TRIAL BY JURY IN ANY
CLAIM, DEMAND, ACTION, OR CAUSE OF ACTION (WHETHER BASED ON CONTRACT, TORT OR OTHERWISE) ARISING
OUT OF OR RELATING TO ANY OF THE LOAN DOCUMENTS OR THE TRANSACTIONS RELATED THERETO.

     SECTION 25. Severability. If any provision of this Agreement is invalid or
unenforceable in any jurisdiction, then, to the fullest extent permitted by law, (a) the other
provisions of this Agreement shall remain in full force and effect in such jurisdiction and shall
be liberally construed in favor of the Collateral Agent and the Secured Parties in order to carry
out the intentions of the parties thereto as nearly as may be possible and (b) the invalidity or
unenforceability of such provision in such jurisdiction shall not affect the validity or
enforceability thereof in any other jurisdiction.

     [The remainder of this page is intentionally blank.]

23

 

     IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly executed and
delivered by its officer thereunto duly authorized as of the date first above written

	 	 	 

	APTITUDE SOLUTIONS, INC.

CYBERHOMES, LLC

DOCX, LLC

ESPIEL, INC.

FNRES INSURANCE SERVICES LLC 

FNRES LICENSE HOLDINGS INC.

GO APPLY, LLC 

GO HOLDINGS, INC.

LENDER PROCESSING SERVICES, INC. 

LENDER PROCESSING SERVICES, LLC

LENDER’S SERVICE TITLE AGENCY, INC.

LPS AGENCY SALES AND POSTING, INC.

LPS APPLIED ANALYTICS, LLC

LPS ASSET MANAGEMENT SOLUTIONS, INC.

LPS DEFAULT MANAGEMENT, LLC 

LPS DEFAULT SOLUTIONS, INC.

LPS FIELD SERVICES, INC.

LPS IP HOLDING COMPANY, LLC

LPS MANAGEMENT, LLC

LPS MORTGAGE PROCESSING SOLUTIONS, INC.

LPS NATIONAL FLOOD, LLC

LPS PORTFOLIO SOLUTIONS, LLC 

LPS PROPERTY TAX SOLUTIONS, INC.

	 	LPS REAL ESTATE DATA SOLUTIONS,
INC.

LPS REAL ESTATE GROUP, INC.

LPS VALUATION SOLUTIONS, LLC

LPS VERIFICATION BUREAU, INC.

LRT RECORD SERVICES, INC.

LSI ALABAMA, LLC

LSI APPRAISAL, LLC

LSI MARYLAND, INC.

LSI TITLE AGENCY, INC.

LSI TITLE AGENCY OF ARKANSAS, LLC

LSI TITLE COMPANY

LSI TITLE COMPANY OF OREGON, LLC

LSI TITLE INSURANCE AGENCY OF
UTAH, INC.

LSI TITLE INSURANCE AGENCY OF
WYOMING, LLC

MCDASH ANALYTICS LLC

NEWINVOICE, L.L.C.

ONEPOINTCITY, LLC

PCLENDER.COM, INC.

REALEC TECHNOLOGIES, INC.

SOFTPRO, LLC

TRUE AUTOMATION, INC.

	 	 	 	 	 

	 

	 	Each By:	 	 
	 

	 	 	 	 
	 

	 	Name:
	 	Jennifer F. Alvarado
	 

	 	Title:
	 	Senior Vice President

 

 

	 	 	 	 	 
	 	JPMORGAN CHASE BANK, N.A., as Collateral Agent

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 

A-2

 

	 	 	 	 	 

Schedule I to the

Security Agreement

TYPE OF ORGANIZATION, JURISDICTION OF ORGANIZATION AND

ORGANIZATIONAL IDENTIFICATION NUMBER

	 	 	 	 	 	 	 
	 	 	Type of	 	Jurisdiction of	 	Organizational
	Grantor	 	Organization	 	Organization	 	I.D. No. (if any)
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 

 

 

Schedule II to the

Security Agreement

PLEDGED EQUITY

	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	Percentage
	 	 	 	 	Class of	 	 	 	 	 	 	 	of
	 	 	 	 	Equity	 	Par Value (if	 	Certificate	 	Number	 	Outstanding
	Grantor	 	Issuer	 	Interest	 	applicable)	 	No(s)	 	of Shares	 	Shares1
	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 

 

			
	1	 	Required only for Pledged Subsidiary Equity.

 

 

Schedule III to the

Security Agreement

COMMERCIAL TORT CLAIMS

 

 

Schedule IV to the

Security Agreement

COLLATERAL DESCRIPTION

“All personal property, subject, however, to the limitations set forth in that certain Amended and
Restated Security Agreement dated as of August 18, 2011 (as the same may be amended or replaced
from time to time) by and among Lender Processing Services, Inc., the other parties identified as
“grantor” therein (which includes the Debtor hereunder), and JPMorgan Chase Bank, N.A. (or any
successor thereto), as collateral agent.”

 

 

Schedule V to the

Security Agreement

INTELLECTUAL PROPERTY

I. Patents

	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	Patent	 	 	 	 	 	 	 	 	 	 
	Grantor	 	Titles	 	Country	 	Patent No.	 	Applic. No.	 	Filing Date	 	Issue Date
	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 

II. Trademarks

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	Domain	 	 	 	 	 	Reg.	 	Applic.	 	Filing	 	Issue
	Grantor	 	Name/Mark	 	Country	 	Mark	 	No.	 	No.	 	Date	 	Date
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 

III. Trade Names

Names

IV. Copyrights (including exclusive copyright licenses)

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	Title of	 	 	 	 	 	 	 	 	 	Filing	 	Issue
	Grantor	 	Work	 	Country	 	Title	 	Reg. No.	 	Applic. No.	 	Date	 	Date
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 

 

 

Exhibit A to the

Security Agreement

FORM OF SECURITY AGREEMENT SUPPLEMENT

[Date of Security Agreement Supplement]

JPMorgan Chase Bank, N.A.,

     as the Collateral Agent for the

     Secured Parties referred to in the

     Credit Agreement referred to below

Ladies and Gentlemen:

     Reference is made to (i) the Amended and Restated Credit Agreement dated as of August 18, 2011
(as amended, restated, amended and restated, supplemented or otherwise modified from time to time,
the “Credit Agreement”), among Lender Processing Services, Inc., a Delaware corporation, the
Lenders from time to time party thereto and JPMorgan Chase Bank N.A., as Administrative Agent,
Swing Line Lender and L/C Issuer, and (ii) the Amended and Restated Security Agreement dated August
18, 2011 (as amended, restated, amended and restated, supplemented or otherwise modified from time
to time, the “Security Agreement”) made by the Grantors from time to time party thereto in favor of
JPMorgan Chase Bank, N.A., as collateral agent for the Secured Parties (together with any successor
collateral agent, the “Collateral Agent”). Terms defined in the Credit Agreement or the Security
Agreement and not otherwise defined herein are used herein as defined in the Credit Agreement or
the Security Agreement.

     Section 1. Grant of Security. The undersigned hereby grants to the Collateral Agent, for the
ratable benefit of the Secured Parties, a security interest in, all of its right, title and
interest in and to all of the Collateral of the undersigned, whether now owned or hereafter
acquired by the undersigned, wherever located and whether now or hereafter existing or arising,
including, without limitation, the property and assets of the undersigned set forth on the attached
supplemental schedules to the Schedules to the Security Agreement.

     Section 2. Security for Obligations. The grant of a security interest in the Collateral by
the undersigned under this Security Agreement Supplement and the Security Agreement secures the
payment of all Secured Obligations of the undersigned now or hereafter existing, whether direct or
indirect, absolute or contingent, and whether for principal, reimbursement obligations, interest,
fees, indemnifications, contract causes of action, costs, expenses or otherwise.

A-1

 

     Section 3. Supplements to Security Agreement Schedules. The undersigned has attached hereto
supplemental Schedules I through V to Schedules I through V, respectively, to the Security
Agreement, and the undersigned hereby certifies, as of the date first above written, that such
supplemental schedules have been prepared by the undersigned in substantially the form of the
equivalent Schedules to the Security Agreement and are complete and correct in all material
respects.

     Section 4. Representations and Warranties. The undersigned hereby makes each representation
and warranty set forth in Section 6 of the Security Agreement (as supplemented by the attached
supplemental schedules) as of the date hereof.

     Section 5. Obligations Under the Security Agreement. The undersigned hereby agrees, as of
the date first above written, to be bound as a Grantor by all of the terms and provisions of the
Security Agreement to the same extent as each of the other Grantors. The undersigned further
agrees, as of and after the date first above written, that each reference in the Security Agreement
to an “Additional Grantor” or a “Grantor” shall also mean and be a reference to the undersigned.

     Section 6. GOVERNING LAW. THIS SECURITY AGREEMENT SUPPLEMENT SHALL BE GOVERNED BY, AND
CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK.

	 	 	 	 	 
	 	Very truly yours,

[NAME OF ADDITIONAL GRANTOR]

 	 
	 	By:  	 	 
	 	 	Title: 	 
	 	 	 	 
	 

	 	 	 

	 

	 	Address for Notices:
	 
	 	 
	 

	 	 
	 
	 	 
	 

	 	 
	 
	 	 
	 

	 	 

A-2

 

Exhibit B to the

Security Agreement

FORM OF COPYRIGHT SECURITY AGREEMENT

     This Copyright Security Agreement (as amended, restated, amended and restated, supplemented or
otherwise modified from time to time, the “Copyright Security Agreement”) dated _________, 20__ is
made by the Persons listed on the signature pages hereof (collectively, the “Grantors”) in favor of
JPMorgan Chase Bank, N.A., as collateral agent (the “Collateral Agent”) for the Secured Parties (as
defined in the Credit Agreement referred to below).

     WHEREAS, Lender Processing Services, Inc., a Delaware corporation, has entered into an Amended
and Restated Credit Agreement dated as of August 18, 2011 (as amended, restated, amended and
restated, supplemented or otherwise modified from time to time, the “Credit Agreement”) with
JPMorgan Chase Bank, N.A., as Administrative Agent, Swing Line Lender and L/C Issuer, and the
Lenders from time to time party thereto.

     WHEREAS, as a condition precedent to the making of the Loans and the issuance of Letters of
Credit by the Lenders under the Credit Agreement, entry into Secured Hedge Agreements by the
Secured Hedge Banks from time to time and the providing of Cash Management Services by certain
Lenders and their Affiliates from time to time, each Grantor has executed and delivered that
certain Amended and Restated Security Agreement dated August 18, 2011 made by the Grantors to the
Collateral Agent (as amended, restated, amended and restated, supplemented or otherwise modified
from time to time, the “Security Agreement”). Terms defined in the Credit Agreement or the
Security Agreement and not otherwise defined herein are used herein as defined in the Credit
Agreement or the Security Agreement.

     WHEREAS, under the terms of the Security Agreement, the Grantors have granted to the
Collateral Agent, for the ratable benefit of the Secured Parties, a security interest in, among
other property, certain Copyrights of the Grantors, and have agreed as a condition thereof to
execute this Copyright Security Agreement for recording with the U.S. Copyright Office and any
other appropriate governmental authorities.

     NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are
hereby acknowledged, each Grantor agrees as follows:

     Section 1. Grant of Security. Each Grantor hereby grants to the Collateral Agent for the
ratable benefit of the Secured Parties a continuing security interest in all of such Grantor’s
right, title and interest in and to the following (all of the following items or types of property
being herein collectively referred to as the

B-1

 

“Copyright Collateral”), whether now owned or existing or hereafter acquired or arising:

     (i) each Copyright owned by the Grantor, including, without limitation, each U.S.
Copyright registration and application therefor, referred to in Schedule 1 hereto;

     (ii) each exclusive Copyright license to which the Grantor is a party, including,
without limitation, each U.S. Copyright license referred to in Schedule 1 hereto; and

     (iii) any and all Proceeds of, collateral for, income, royalties and other payments
now or hereafter due and payable with respect to, and Supporting Obligations relating to,
any and all of the foregoing, including, without limitation, all Proceeds of and revenues
from any and all claims for damages and injunctive relief for past, present and future
infringement, dilution, misappropriation, violation, misuse or breach with respect to any
of the foregoing, with the right, but not the obligation, to sue for and collect, or
otherwise recover, such damages.

     Section 2. Security for Obligations. The grant of a continuing security interest in the
Copyright Collateral by each Grantor under this Copyright Security Agreement secures the payment of
all Secured Obligations of such Grantor, now or hereafter existing, whether direct or indirect,
absolute or contingent, and whether for principal, reimbursement obligations, interest, fees,
indemnifications, contract causes of action, costs, expenses or otherwise.

     Section 3. Recordation. Each Grantor authorizes and requests that the Register of Copyrights
and any other applicable government officer record this Copyright Security Agreement.

     Section 4. Execution in Counterparts. This Copyright Security Agreement may be executed in
any number of 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.

     Section 5. Grants, Rights and Remedies. This Copyright Security Agreement has been executed
and delivered by the Grantors for the purpose of recording the grant of security interest herein
with the U.S. Copyright Office. The security interest granted hereby has been granted to the
Collateral Agent in connection with the Security Agreement and is expressly subject to the terms
and conditions thereof and does not create any additional rights or obligations for any party
hereto.

     Section 6. GOVERNING LAW. THIS COPYRIGHT SECURITY AGREEMENT SHALL BE GOVERNED BY, AND
CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK.

B-2

 

     IN WITNESS WHEREOF, each Grantor has caused this Copyright Security Agreement to be duly
executed and delivered by its officer thereunto duly authorized as of the date first above written.

	 	 	 	 	 
	 	[GRANTOR]

 	 
	 	By:  	 	 
	 	 	Title: 	 
	 	 	 	 
	 

B-3

 

Schedule 1

to Copyright

Security Agreement

U.S. COPYRIGHTS AND EXCLUSIVE U.S. COPYRIGHT LICENSES

	 	 	 	 	 	 	 	 	 
	Title	 	Reg. No.	 	Applic. No.	 	Filing Date	 	Issue Date
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 

B-4

 

Exhibit C to the

Security Agreement

FORM OF PATENT SECURITY AGREEMENT

     This Patent Security Agreement (as amended, restated, amended and restated, supplemented or
otherwise modified from time to time, the “Patent Security Agreement”) dated __________, 20__ is
made by the Persons listed on the signature pages hereof (collectively, the “Grantors”) in favor of
JPMorgan Chase Bank, N.A., as collateral agent (the “Collateral Agent”) for the Secured Parties (as
defined in the Credit Agreement referred to below).

     WHEREAS, Lender Processing Services, Inc., a Delaware corporation, has entered into an Amended
and Restated Credit Agreement dated as of August 18, 2011 (as amended, restated, amended and
restated, supplemented or otherwise modified from time to time, the “Credit Agreement”) with
JPMorgan Chase Bank, N.A., as Administrative Agent, Swing Line Lender and L/C Issuer, and the
Lenders from time to time party thereto.

     WHEREAS, as a condition precedent to the making of the Loans and the issuance of Letters of
Credit by the Lenders under the Credit Agreement, entry into Secured Hedge Agreements by the
Secured Hedge Banks from time to time and the providing of Cash Management Services by certain
Lenders and their Affiliates from time to time, each Grantor has executed and delivered that
certain Amended and Restated Security Agreement dated August 18, 2011 made by the Grantors to the
Collateral Agent (as amended, restated, amended and restated, supplemented or otherwise modified
from time to time, the “Security Agreement”). Terms defined in the Credit Agreement or the
Security Agreement and not otherwise defined herein are used herein as defined in the Credit
Agreement or the Security Agreement.

     WHEREAS, under the terms of the Security Agreement, the Grantors have granted to the
Collateral Agent, for the ratable benefit of the Secured Parties, a security interest in, among
other property, certain Patents of the Grantors, and have agreed as a condition thereof to execute
this Patent Security Agreement for recording with the U.S. Patent and Trademark Office and any
other appropriate governmental authorities.

     NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are
hereby acknowledged, each Grantor agrees as follows:

     Section 1. Grant of Security. Each Grantor hereby grants to the Collateral Agent for the
ratable benefit of the Secured Parties a continuing security interest in all of such Grantor’s
right, title and interest in and to the following (all of the

C-1

 

following items or types of property being herein collectively referred to as the “Patent
Collateral”), whether now owned or existing or hereafter acquired or arising:

          (a) each Patent owned by the Grantor, including, without limitation, each U.S. Patent
referred to in Schedule 1 hereto; and

          (b) any and all Proceeds of, collateral for, income, royalties and other payments now or
hereafter due and payable with respect to, and Supporting Obligations relating to, any and all of
the foregoing, including, without limitation, all Proceeds of and revenues from any and all claims
for damages and injunctive relief for past, present and future infringement, dilution,
misappropriation, violation, misuse or breach with respect to any of the foregoing, with the right,
but not the obligation, to sue for and collect, or otherwise recover, such damages.

     Section 2. Security for Obligations. The grant of continuing security interest in the Patent
Collateral by each Grantor under this Patent Security Agreement secures the payment of all Secured
Obligations of such Grantor, now or hereafter existing, whether direct or indirect, absolute or
contingent, and whether for principal, reimbursement obligations, interest, fees, indemnifications,
contract causes of action, costs, expenses or otherwise.

     Section 3. Recordation. Each Grantor authorizes and requests that the Commissioner for
Patents and any other applicable government officer record this Patent Security Agreement.

     Section 4. Execution in Counterparts. This Patent Security Agreement may be executed in any
number of 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.

     Section 5. Grants, Rights and Remedies. This Patent Security Agreement has been executed and
delivered by the Grantors for the purpose of recording the grant of security interest herein with
the U.S. Patent and Trademark Office. The security interest granted hereby has been granted to the
Collateral Agent in connection with the Security Agreement and is expressly subject to the terms
and conditions thereof and does not create any additional rights or obligations for any party
hereto.

     Section 6. GOVERNING LAW. THIS PATENT SECURITY AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED
IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK.

C-2

 

     IN WITNESS WHEREOF, each Grantor has caused this Patent Security Agreement to be duly executed
and delivered by its officer thereunto duly authorized as of the date first above written.

	 	 	 	 	 
	 	[GRANTOR]

 	 
	 	By:  	 	 
	 	 	Title: 	 
	 	 	 	 
	 

C-3

 

Schedule 1

to Patent

Security Agreement

U.S. PATENTS AND U.S. DESIGN PATENTS

	 	 	 	 	 	 	 
	Patent No.	 	Issued	 	Expiration	 	Title
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 

U.S. PATENT APPLICATIONS

	 	 	 	 	 	 	 
	Case No.	 	Serial No.	 	Date	 	Filing Title
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 

C-4

 

Exhibit D to the

Security Agreement

FORM OF TRADEMARK SECURITY AGREEMENT

     This Trademark Security Agreement (as amended, restated, amended and restated, supplemented or
otherwise modified from time to time, the “Trademark Security Agreement”) dated ___________, 20__
is made by the Persons listed on the signature pages hereof (collectively, the “Grantors”) in favor
of JPMorgan Chase Bank, N.A., as collateral agent (the “Collateral Agent”) for the Secured Parties
(as defined in the Credit Agreement referred to below).

     WHEREAS, Lender Processing Services, Inc., a Delaware corporation, has entered into an Amended
and Restated Credit Agreement dated as of August 18, 2011 (as amended, restated, amended and
restated, supplemented or otherwise modified from time to time, the “Credit Agreement”) with
JPMorgan Chase Bank, N.A., as Administrative Agent, Swing Line Lender and L/C Issuer, and the
Lenders from time to time party thereto.

     WHEREAS, as a condition precedent to the making of the Loans and the issuance of Letters of
Credit by the Lenders under the Credit Agreement, entry into Secured Hedge Agreements by the
Secured Hedge Banks from time to time and the providing of Cash Management Services by certain
Lenders and their Affiliates from time to time, each Grantor has executed and delivered that
certain Amended and Restated Security Agreement dated August 18, 2011 made by the Grantors to the
Collateral Agent (as amended, restated, amended and restated, supplemented or otherwise modified
from time to time, the “Security Agreement”). Terms defined in the Credit Agreement or the
Security Agreement and not otherwise defined herein are used herein as defined in the Credit
Agreement or the Security Agreement.

     WHEREAS, under the terms of the Security Agreement, the Grantors have granted to the
Collateral Agent, for the ratable benefit of the Secured Parties, a security interest in, among
other property, certain Trademarks of the Grantors, and have agreed as a condition thereof to
execute this Trademark Security Agreement for recording with the U.S. Patent and Trademark Office
and any other appropriate governmental authorities.

     NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are
hereby acknowledged, each Grantor agrees as follows:

     Section 1. Grant of Security. Each Grantor hereby grants to the Collateral Agent for the
ratable benefit of the Secured Parties a continuing security interest in all of such Grantor’s
right, title and interest in and to the following (all of the

D-1

 

following items or types of property being herein collectively referred to as the “Trademark
Collateral”), whether now owned or existing or hereafter acquired or arising:

          (i) each U.S. Trademark owned by the Grantor, including, without limitation, each U.S.
Trademark registration and application therefor, referred to in Schedule 1 hereto (provided that no
security interest shall be granted in U.S. intent-to-use trademark applications to the extent that,
and solely during the period in which, the grant of a security interest therein would impair the
validity or enforceability of such intent-to-use trademark application under applicable federal
law), and all of the goodwill of the business connected with the use of, or symbolized by, each
Trademark; and

          (ii) any and all Proceeds of, collateral for, income, royalties and other payments now or
hereafter due and payable with respect to, and Supporting Obligations relating to, any and all of
the foregoing, including, without limitation, all Proceeds of and revenues from any and all claims
for damages and injunctive relief for past, present and future infringement, dilution,
misappropriation, violation, misuse or breach with respect to any of the foregoing, with the right,
but not the obligation, to sue for and collect, or otherwise recover, such damages.

     Section 2. Security for Obligations. The grant of continuing security interest in the
Trademark Collateral by each Grantor under this Trademark Security Agreement secures the payment of
all Secured Obligations of such Grantor, now or hereafter existing, whether direct or indirect,
absolute or contingent, and whether for principal, reimbursement obligations, interest, premiums,
penalties, fees, indemnifications, contract causes of action, costs, expenses or otherwise.

     Section 3. Recordation. Each Grantor authorizes and requests that the Commissioner for
Trademarks and any other applicable government officer record this Trademark Security Agreement.

     Section 4. Execution in Counterparts. This Trademark Security Agreement may be executed in
any number of 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.

     Section 5. Grants, Rights and Remedies. This Trademark Security Agreement has been executed
and delivered by the Grantors for the purpose of recording the grant of security interest herein
with the U.S. Patent and Trademark Office. The security interest granted hereby has been granted
to the Collateral Agent in connection with the Security Agreement and is expressly subject to the
terms and conditions thereof and does not create any additional rights or obligations for any party
hereto.

D-2

 

     Section 6. GOVERNING LAW. THIS TRADEMARK SECURITY AGREEMENT SHALL BE GOVERNED BY, AND
CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK.

[THE REMAINDER OF THIS PAGE IS INTENTIONALLY LEFT BLANK.]

D-3

 

     IN WITNESS WHEREOF, each Grantor has caused this Trademark Security Agreement to be duly
executed and delivered by its officer thereunto duly authorized as of the date first above written.

	 	 	 	 	 
	 	[GRANTOR]

 	 
	 	By:  	 	 
	 	 	Title: 	 
	 	 	 	 
	 

D-4

 

Schedule 1

to Trademark

Security Agreement

U.S. TRADEMARK REGISTRATIONS

	 	 	 	 	 	 	 	 	 
	TRADEMARK	 	REG. NO.	 	 	REG. DATE	 
	 
	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 

U.S. TRADEMARK APPLICATIONS

	 	 	 	 	 	 	 	 	 
	TRADEMARK	 	REG. NO.	 	 	REG. DATE	 
	 
	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 

D-5

 

EXHIBIT H

FORM OF SUBORDINATION TERMS

     Section 1. Agreement to Subordinate. The Borrower’s obligations to [INSERT NAME OF LENDER]
(“Subordinated Lender”) under this [INSERT NAME OF DOCUMENT] (the “Subordinated Obligations”) are
subordinated in right of payment, to the extent and in the manner provided in [this
Note/Instrument], to the prior payment of all Senior Debt. “Senior Debt” shall include the
Obligations (as defined in the Amended and Restated Credit Agreement dated as of August 18, 2011
(as in effect from time to time, the “Credit Agreement”) among Lender Processing Services, Inc.,
JPMorgan Chase Bank, N.A., as Administrative Agent (the “Administrative Agent”) and as Swing Line
Lender and L/C Issuer, and the Lenders party thereto), and “Senior Lenders” means the holders from
time to time of the Senior Debt. The subordination provisions of [this Note/Instrument] are for
the benefit of and enforceable by the Senior Lenders.

     Section 2. Liquidation, Dissolution, Bankruptcy. Upon any payment or distribution of the
assets of the Borrower to creditors upon a total or partial liquidation or a total or partial
dissolution of the Borrower or in a bankruptcy, reorganization, insolvency, receivership or similar
proceeding relating to the Borrower or its property:

     (1) the Senior Lenders are entitled to receive payment in full in cash of all Senior
Debt, including all interest accrued or accruing on the Senior Debt after the commencement
of any bankruptcy, insolvency or reorganization or similar case or proceeding at the
contract rate (including, without limitation, any contract rate applicable upon default)
specified in the Credit Agreement, whether or not the claim for the interest is allowed or
allowable as a claim in the case or proceeding with respect to the Senior Debt (only such
payment constituting “payment in full”) before the Subordinated Lender will be entitled to
receive any payment of principal of or interest on the Subordinated Obligations (except
for payments made in permitted junior securities or from a satisfaction and discharge or
defeasance trust); and

     (2) until the Senior Debt is paid in full, any payment or distribution to which the
Subordinated Lender would be entitled but for these subordination provisions shall instead
be made to the Senior Lenders as their interests may appear.

     Section 3. Default on Senior Debt. (a) The Borrower shall not pay the principal of or
interest on the Subordinated Obligations (“pay the Subordinated

H-1 

 

Obligations”) if either of the following occurs (each a “Payment Default”) (i) at the time any
Senior Debt has not been paid in full in cash when due, whether at maturity, upon acceleration, or
otherwise, and the default has not been cured or waived or (ii) any other default on the Senior
Debt occurs and the maturity of the Senior Debt is accelerated in accordance with its terms, unless
such acceleration has been rescinded or such Senior Debt has been paid in full in cash.

     (b) During the continuance of any default other than a Payment Default with respect to any
Senior Debt pursuant to which the maturity thereof may be accelerated immediately without further
notice (except any notice that may be required to effect acceleration) or upon the expiration of a
grace period, the Borrower may not pay the Subordinated Obligations for a period (a “Payment
Blockage Period”)

     (1) commencing upon the receipt by the Borrower of written notice of default from the
Administrative Agent specifying an election to effect a Payment Blockage Period (a
“Blockage Notice”) and

     (2) ending 179 days thereafter (or earlier if the Payment Blockage Period is
terminated) (i) by written notice to the Borrower from the Administrative Agent, (ii) by
repayment in full of such Senior Debt or (iii) because the default giving rise to the
Blockage Notice is no longer continuing.

Subject to the preceding paragraph, unless the Senior Lenders have accelerated the maturity of the
Senior Debt, the Borrower may resume payments on the Subordinated Obligations after the Payment
Blockage Period.

     (c) Not more than one Blockage Notice may be given in any consecutive 360-day period,
irrespective of the number of defaults with respect to the Senior Debt during such period. No
default which existed or was continuing on the date of the commencement of any Payment Blockage
Period may be made the basis of the commencement of a subsequent Payment Blockage Period by the
Senior Lenders, whether or not within a period of 360 consecutive days, unless the default has been
cured or waived for a period of not less than 90 consecutive days.

     Section 4. When Distribution Must Be Paid Over. If a payment or other distribution is made
to the Subordinated Lender that because of these subordination provisions should not have been made
to it, the Subordinated Lender shall hold it in trust for the Senior Lenders and pay it over to
them as their interests may appear.

     Section 5. Subrogation. For purposes of subrogation, a distribution made under these
subordination provisions to the Senior Lenders which otherwise

H-2 

 

would have been made to the Subordinated Lender is not, as between the Borrower and the
Subordinated Lender, a payment by the Borrower on the Senior Debt. After all Senior Debt is paid
in full and until the Subordinated Obligations are paid in full, the Subordinated Lender will be
subrogated to the rights of the Senior Lenders to receive payments in respect of the Senior Debt.

     Section 6. Relative Rights; Subordination Not to Prevent Events of Default or Limit Right to
Accelerate. These subordination provisions define the relative rights of the Subordinated Lender
and the Senior Lenders and do not impair, as between the Borrower and the Subordinated Lender, the
obligation of the Borrower, which is absolute and unconditional, to pay principal of and interest
on the Subordinated Obligations in accordance with their terms. The failure to make a payment
pursuant to the Subordinated Obligations by reason of these subordination provisions does not
prevent the occurrence of a Default, nor do these subordination provisions prevent the Subordinated
Lender from exercising its available remedies upon a Default, subject to the rights of the Senior
Lenders to receive distributions otherwise payable to the Subordinated Lender.

     Section 7. Subordination May Not Be Impaired By Borrower. No right of any Senior Lender to
enforce the subordination of the Subordinated Obligations will be impaired by any act or failure to
act by the Borrower or by its failure to comply with [Sections 1—9].

     Section 8. Subordinated Lender Entitled to Rely. For the purpose of ascertaining the
outstanding amount of the Senior Debt, the Senior Lenders, and all other information relevant to
making any payment or distribution to the Senior Lenders pursuant to [Sections 1—9], the
Subordinated Lender is entitled to rely upon an order or decree of a court of competent
jurisdiction in which any proceedings of the nature referred to in Section 2 above are pending, a
certificate of the liquidating trustee or other person making a payment or distribution to the
Subordinated Lender, or information provided by the Senior Lenders or the Administrative Agent.

     Section 9. Reliance by Senior Lenders on Subordination Provisions; No Waiver. (a) The
Subordinated Lender acknowledges and agrees that these subordination provisions are, and are
intended to be, an inducement and a consideration to each Senior Lender, whether the Senior Debt
was created or acquired before or after the incurrence of the Subordinated Obligations, to acquire
or to hold the Senior Debt, and each Senior Lender will be deemed conclusively to have relied on
these subordination provisions in acquiring and holding such Senior Debt.

     (b) The Senior Lenders may, at any time and from time to time, without the consent of or
notice to the Subordinated Lender, without incurring

H-3 

 

any liability or responsibility to the Subordinated Lender, and without impairing the rights
of the Senior Lenders under these subordination provisions, do any of the following:

     (1) change the manner, place or terms of payment or extend the time of payment of, or
renew or alter, the Senior Debt or any instrument evidencing the same or any agreement
under which the Senior Debt is outstanding or secured;

     (2) sell, exchange, release or otherwise deal with any property pledged, mortgaged or
otherwise securing the Senior Debt;

     (3) release any person liable in any manner for the payment of the Senior Debt; or

     (4) exercise or refrain from exercising any rights against the Borrower and any other
person.

H-4 

 

EXHIBIT I

FORM OF PERFECTION CERTIFICATE

     Reference is made to the Amended and Restated Credit Agreement dated as of August 18, 2011 (as
amended and restated, supplemented or otherwise modified from time to time, the “Credit Agreement”)
among Lender Processing Services, Inc., a Delaware corporation (the “Borrower”), each lender from
time to time party thereto (collectively, the “Lenders”), and JPMorgan Chase Bank, N.A., as
Administrative Agent (the “Administrative Agent”), Swing Line Lender and L/C Issuer.

     Each of the undersigned (each a “Grantor”), hereby certifies the following (with respect to
itself) to the Administrative Agent, the Lenders and each other Secured Party as follows:

	 	1.	 	Set forth in columns 1, 2, 3 and 4, respectively, of Schedule 1 hereto is the
current exact legal name of each Grantor, as well as its type of legal entity, its
jurisdiction of organization (and any change in such jurisdiction, and, if applicable,
any organizational identification number issued to such Grantor by such jurisdiction.
	 
	 	2.	 	Set forth in column 5 of Schedule 1 hereto is each other legal name that has
been used by each Grantor since June 1, 2006 (excluding the names of any legal
entities that have been merged or consolidated into Grantor).
	 
	 	3.	 	Set forth in column 6 of Schedule 1 hereto, is the legal name of each other
entity that has been merged or consolidated into the Grantor since: (i) June 1, 2006,
if the entity merged or consolidated into the Grantor was organized under the laws of
the same jurisdiction as the Grantor; and (ii) June 1, 2010, if the entity merged or
consolidated into the Grantor was organized under the laws of a jurisdiction different
than that of the Grantor (and in which case such different jurisdiction is also
listed).
	 
	 	4.	 	Set forth in column 7 of Schedule 1 hereto, is the legal name of each entity
(and its jurisdiction of organization) in regard to which all, or substantially all,
of its assets were acquired by the Grantor (other than through a merger or
consolidation) since June 1, 2006.

     IN WITNESS WHEREOF, the undersigned have duly executed this certificate as of August 18, 2011.

	 	 	 	 	 	 	 

	 	 	[GRANTORS]	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	Name:
	 	 

	 	 
	 

	 	Title:	 	 	 	 

I-1 

 

	 	 	 	 	 	 	 	 	 	 	 	 	 
	(1)	 	(2)	 	(3)	 	(4)	 	(5)	 	(6)	 	(7)
	 	 	Entity	 	Jurisdiction of	 	Organizational	 	 	 	Mergers and	 	 
	Entity Name	 	Type1	 	Organization	 	ID Number	 	Prior Names	 	Consolidations	 	Asset Acquisitions
	 
	 	 
	 	 
	 	 
	 	 
	 	 
	 	 
	 
	 	 
	 	 
	 	 
	 	 
	 	 
	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 
	 	 
	 	 
	 	 
	 	 
	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 
	 	 
	 	 
	 	 
	 	 
	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 
	 	 
	 	 
	 	 
	 	 
	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 
	 	 
	 	 
	 	 
	 	 
	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 
	 	 
	 	 
	 	 
	 	 
	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 
	 	 
	 	 
	 	 
	 	 
	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 
	 	 
	 	 
	 	 
	 	 
	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 
	 	 
	 	 
	 	 
	 	 
	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 
	 	 
	 	 
	 	 
	 	 
	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 
	 	 
	 	 
	 	 
	 	 
	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 
	 	 
	 	 
	 	 
	 	 
	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 
	 	 
	 	 
	 	 
	 	 
	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 
	 	 
	 	 
	 	 
	 	 
	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 
	 	 
	 	 
	 	 
	 	 
	 	 

 

			
	1	 	Entity Types: corporation (C); limited
liability company (LLC); general partnership (GP); and limited partnership (LP)

1 

 

EXHIBIT J

FORM OF OPINIONS OF COUNSEL

J-1 

 

	 	 	 

	

	 	Dewey & LeBoeuf LLP 
1301 Avenue of the Americas 
New York, NY 10019-6092

 tel (212) 259-8000 
fax (212) 259-6333

August 18, 2011

To the Administrative Agent and each of the Lenders party to the Credit
Agreement referred to below

Ladies and Gentlemen:

     We have acted as special counsel to Lender Processing Services, Inc., a Delaware corporation
(“LPS”), and the entities listed on Schedule I attached hereto, each of which is organized
under the laws of a state of the United States (the “Guarantors” and collectively with LPS,
the “Companies”, and individually, each a “Company”, and each such entity listed in
Part 1 of Schedule I, together with LPS, the “Opinion Companies”), in connection with the
Amended and Restated Credit Agreement, dated as of the date hereof (the “Amended Credit
Agreement”), by and among LPS, as Borrower, the lenders from time to time parties thereto, as
Lenders and JPMorgan Chase Bank, N.A., as Administrative Agent (the “Administrative
Agent”). This opinion is furnished to you pursuant to Section 4.03(a)(vii) of the Amended
Credit Agreement. Capitalized terms used herein without definition shall have the respective
meanings ascribed to them in the Amended Credit Agreement.

     In connection with this opinion, we have examined originals or copies, certified or otherwise
identified to our satisfaction, of such documents, corporate records, certificates of public
officials and officers and other representatives of each of the Companies and such other
instruments as we have deemed necessary or appropriate for the purpose of this opinion, including
the following:

     (a) the Amended Credit Agreement;

New York | London multinational partnership | Washington, DC

Albany | Almaty | Beijing | Boston | Brussels | Chicago | Doha | Dubai

Frankfurt | Hong Kong | Houston | Johannesburg (pty ) ltd. | Los Angeles | Madrid | Milan | Moscow

Paris multinational partnership | Riyadh affiliated office | Rome | San Francisco | Silicon Valley | Warsaw

 

 

     (b) the Notes set forth on Exhibit A dated as of the date hereof made by LPS in favor
of each Lender who has requested that a Note be issued to it on the date hereof (the
“Notes”);

     (c) the Amendment, Restatement and Joinder Agreement, dated as of the date hereof (the
“Amendment Agreement”), in respect of the Credit Agreement, dated as of July 2,
2008 (as amended to the date hereof (immediately prior to the Amendment Agreement), the
“Existing Credit Agreement”), among LPS, as Borrower, the lenders party thereto and
JPMorgan Chase Bank, N.A., as Administrative Agent, Swing Line Lender and L/C Issuer;

     (d) the Amended and Restated Subsidiary Guaranty dated as of the date hereof by the
Guarantors in favor of the Secured Parties (the “Amended Guaranty”), which amends
and restates the Subsidiary Guaranty, dated as of July 2, 2008 (as amended to the date
hereof (immediately prior to the Amendment Agreement), the “Existing Guaranty”);

     (e) the Amended and Restated Security Agreement dated as of the date hereof by LPS and
the Guarantors in favor of the Collateral Agent (the “Amended Security Agreement”,
and collectively with the Amended Credit Agreement, the Notes, the Amendment Agreement and
the Amended Guaranty, the “Loan Documents”), which amends and restates the Security
Agreement, dated as of July 2, 2008 (as amended to the date hereof (immediately prior to
the Amendment Agreement), the “Existing Security Agreement”);

     (f) a copy of the organizational/formation documents of each Opinion Company;

     (g) a copy of the bylaws, operating agreement or limited liability company agreement,
as the case may be, of each Opinion Company; and

     (h) a record of corporate proceedings of each Opinion Company relating to the
authorization of the execution, delivery and performance of the Loan Documents to which
such Company is a party (the items in this clause (h) together with the items in clauses
(f) and (g) above, collectively, the “Organizational Documents”).

     In our examination of the foregoing documents, we have assumed, with your permission and
without independent verification of any kind, (i) the genuineness of all signatures, (ii) the legal
capacity of all natural persons, (iii) the authenticity of all documents submitted to us as
originals, (iv) the conformity to the originals of all documents submitted to us as copies, (v) the
due formation or organization, as the case

2

 

may be, and valid existence of each of the parties to the Loan Documents (other than the
Opinion Companies) under the laws of the jurisdiction of its organization or formation, as the case
may be, (vi) the due authorization of the Loan Documents by each of the parties to the Loan
Documents (other than the Opinion Companies), (vii) the due execution and delivery of the Loan
Documents by each of the parties to the Loan Documents (other than the Companies), (viii) the
enforceability thereof against each of the parties to the Loan Documents (other than the
Companies), (ix) the correctness of all statements of fact in all documents examined, and (x) each
Opinion Company is organized solely under the law of the jurisdiction listed opposite its name on
Schedule I attached hereto (or, in the case of LPS, solely under the law of the State of Delaware).
In rendering the opinions set forth below, we have relied as to factual matters upon certificates,
statements and representations of each of the Companies, their respective officers and
representatives, public officials and others (including, without limitation, the representations
contained in or made pursuant to the Loan Documents).

     As used in this opinion, the phrase “to our knowledge” or “known to us” means to our actual
knowledge, which knowledge is based solely on inquiry of those attorneys within our firm actively
involved in the transactions contemplated by the Loan Documents, as we have deemed appropriate,
without other inquiry or investigation. We have not conducted a search of the docket of any court
or other tribunal.

     You should be aware that an opinion of counsel represents our best legal judgment, which may
be subject to challenge by any governmental agency and is not binding on any governmental agency or
the courts. Our opinion is based on existing laws, judicial decisions and administrative
regulations, rulings and practice, all of which are subject to change at any time, prospectively
and retroactively. New developments in rulings of any agency, administrative regulations, court
decisions, legislative changes or changes in the facts or other information upon which our opinion
is based may have an adverse effect on the legal consequences described herein. Any such change
could be retroactive so as to apply to any of the transactions contemplated by the Loan Documents.

     On the basis of and subject to the foregoing, and subject to the additional limitations,
qualifications and exceptions set forth below, we are of the opinion that:

     1. Each Opinion Company is validly existing as a corporation or limited liability company, as
the case may be, and is in good standing under the laws of the state of its incorporation or
formation, as the case may be.

     2. Each Opinion Company has the corporate or limited liability company power, as the case may
be, to execute and deliver each Loan Document to which it is a party and to perform its obligations
under each Loan Document to which it is a party.

3

 

     3. The execution and delivery by each Opinion Company of, and the performance by each Opinion
Company of its obligations under, the Loan Documents to which it is a party have been duly
authorized by all necessary corporate or limited liability company action, as the case may be, of
such Opinion Company. Each Company has duly executed and delivered each Loan Document to which it
is a party.

     4. Each Loan Document constitutes a legal, valid and binding obligation of each Company party
thereto, enforceable against such Company in accordance with its terms.

     5. The execution and delivery by each Company of the Loan Documents to which it is a party do
not, and if such Company were now to perform its obligations under such Loan Documents, such
performance would not:

     (a) solely with respect to each Opinion Company, violate the Organizational Documents
of such Opinion Company; or

     (b) violate (i) any law of the State of New York, (ii) any federal law of the United
States of America or (iii) in each case solely with respect to the Opinion Companies
organized thereunder, any law of the State of California, any law of the State of Illinois,
any law of the State of Texas, the Delaware Limited Liability Company Act or the Delaware
General Corporation Law, in each case which, in our experience, is typically applicable to
corporations or limited liability companies (as applicable) in relation to transactions of
the type contemplated by the Loan Documents (such laws as so applicable, collectively,
“Applicable Law”).

     6. The execution and delivery by each Company of the Loan Documents to which it is a party do
not, and if such Company were now to perform its obligations under such Loan Documents, such
performance would not:

     (a) breach or cause a default under the terms of any agreement set forth on Schedule
II hereto (each a “Material Contract”) (except that we express no opinion as to (i)
any cross-default or cross acceleration provision of any Material Contract which may be
triggered by a default under any agreement to which the Borrower or any Subsidiary is a
party or (ii) whether the execution or delivery of the Loan Documents or performance by the
Borrower of its obligations under any Loan Document will constitute a violation of, or a
default under, any covenant, restriction or provision of any Material Contract that
requires a determination with respect to financial ratios or tests or any aspect of the
financial condition or results of operations of the Borrower); or

4

 

     (b) create or impose any lien or require the creation or imposition of any lien
(except pursuant to the Loan Documents) upon any asset of such Company pursuant to any such
Material Contract.

     7. No consent, approval, authorization, or other action by, or filing with, any Governmental
Authority of the United States of America or the State of New York or, in each case solely with
respect to the Opinion Companies organized thereunder, the Secretary of State of the State of
Delaware or any Governmental Authority of the State of California, the State of Illinois or the
State of Texas, in each case pursuant to Applicable Law, is required in connection with (a) the
execution and delivery by any Company of any of the Loan Documents to which it is a party, or (b)
the performance by any Company of its obligations thereunder, except for (i) those already obtained
and in full force and effect and (ii) filings and other actions as may be necessary to perfect any
security interest or lien in any collateral.

     8. The Specified Amendments (as such term is defined below) do not themselves (without regard
to any other facts) adversely affect the validity, under Article 9 of the Uniform Commercial Code
as currently in effect in the State of New York (the “New York UCC”), of the security
interest of the Collateral Agent in each Company’s rights in those items and types of personal
property in which a security interest may be created under Article 9 of the New York UCC and
described in the definition of “Collateral” set forth in the Amended Security Agreement (such
collateral, collectively, the “UCC Collateral”). After giving effect to the Specified
Amendments, the security interest of the Collateral Agent in each Company’s rights in the UCC
Collateral will be a valid security interest to the same extent (if any) that it was a valid
security interest immediately prior to giving effect to the Specified Amendments. “Specified
Amendments” means (i) the provisions of the Existing Credit Agreement that are amended by the
Amendment Agreement and the Amended Credit Agreement, (ii) the provisions of the Existing Security
Agreement that are amended by the Amendment Agreement and the Amended Security Agreement and (iii)
the provisions of the Existing Guaranty that are amended by the Amendment Agreement and the Amended
Guaranty.

     9. With respect to each Opinion Company organized under the law of the State of Delaware
within the meaning of Section 9-307 of the New York UCC, the Specified Amendments do not themselves
(without regard to any other facts) adversely affect the perfection of the security interest of the
Collateral Agent in that portion of the UCC Collateral of such Opinion Companies in which,
immediately prior to the effectiveness of the Specified Amendments, the Collateral Agent had a
perfected security interest solely by virtue of the filing of any financing statements in the
Office of the Secretary of State of the State of Delaware. After giving effect to the Specified

5

 

Amendments, the Collateral Agent’s security interest in such UCC Collateral will be a
perfected security interest under Article 9 of the Uniform Commercial Code as in effect in the
State of Delaware (the “Delaware UCC”) to the same extent (if any) that it was a perfected
security interest immediately prior to giving effect to the Specified Amendments.

     10. With respect to each Opinion Company organized under the law of the State of California
within the meaning of 9-307 of the New York UCC, , the Specified Amendments do not themselves
(without regard to any other facts) adversely affect the perfection of the security interest of the
Collateral Agent in that portion of the UCC Collateral of such Opinion Companies in which,
immediately prior to the effectiveness of the Specified Amendments, the Collateral Agent had a
perfected security interest solely by virtue of the filing of any financing statements in the
Office of the Secretary of State of the State of California. After giving effect to the Specified
Amendments, the Collateral Agent’s security interest in such UCC Collateral will be a perfected
security interest under Article 9 of the Uniform Commercial Code as in effect in the State of
California (the “California UCC”) to the same extent (if any) that it was a perfected
security interest immediately prior to giving effect to the Specified Amendments

     11. With respect to each Opinion Company organized under the law of the State of Illinois
within the meaning of Section 9-307 of the New York UCC, the Specified Amendments do not themselves
(without regard to any other facts) adversely affect the perfection of the security interest of the
Collateral Agent in that portion of the UCC Collateral of such Opinion Companies in which,
immediately prior to the effectiveness of the Specified Amendments, the Collateral Agent had a
perfected security interest solely by virtue of the filing of any financing statements in the
Office of the Secretary of State of the State of Illinois. After giving effect to the Specified
Amendments, the Collateral Agent’s security interest in such UCC Collateral will be a perfected
security interest under Article 9 of the Uniform Commercial Code as in effect in the State of
Illinois (the “Illinois UCC”) to the same extent (if any) that it was a perfected security
interest immediately prior to giving effect to the Specified Amendments.

     12. With respect to each Opinion Company organized under the law of the State of Texas within
the meaning of Section 9-307 of the New York UCC, the Specified Amendments do not themselves
(without regard to any other facts) adversely affect the perfection of the security interest of the
Collateral Agent in that portion of the UCC Collateral of such Opinion Companies in which,
immediately prior to the effectiveness of the Specified Amendments, the Collateral Agent had a
perfected security interest solely by virtue of the filing of any financing statements in the
Office of the Secretary of State of the State of Texas. After giving effect to the Specified
Amendments, the Collateral

6

 

Agent’s security interest in such UCC Collateral will be a perfected security interest under
Article 9 of the Uniform Commercial Code as in effect in the State of Texas (the “Texas
UCC”) to the same extent (if any) that it was a perfected security interest immediately prior
to giving effect to the Specified Amendments.

     13. Provided that the Collateral Agent has retained possession in the State of New York of the
certificated securities owned by each applicable Company representing the common stock of or the
membership interests in those entities identified on Schedule 2 to the Security Agreement together
with instruments of transfer properly completed and executed in blank with respect thereto (its
“Pledged Equity Interests”) pursuant to the Existing Security Agreement and assuming that
neither the Collateral Agent nor the Lenders had “notice of an adverse claim” (within the meaning
of Section 8-105 of the New York UCC) with respect to such Pledged Equity Interests at the time
such Pledged Equity Interests were delivered to the Collateral Agent, then, after giving effect to
the Specified Amendments, the respective security interests in such Pledged Equity Interests
created in favor of the Collateral Agent for the benefit of the Secured Parties under the Existing
Security Agreement will remain a perfected security interest in such Pledged Equity Interests, free
of any “adverse claim” (as defined the New York UCC), to the same extent (if any) such security
interests in such Pledged Equity Interests constituted a perfected security interest immediately
prior to giving effect to the Specified Amendments, free of any “adverse claim” as defined in the
New York UCC.

     14. No Opinion Company is, and after giving effect to the application of the proceeds of the
Loans for purposes permitted by the Amended Credit Agreement, no Opinion Company will then be
(solely as a result of such application), an “investment company” within the meaning of the
Investment Company Act of 1940, as amended.

     15. The consummation of the transactions contemplated by the Amended Credit Agreement,
including, without limitation, the use of the proceeds of any Loan made to LPS pursuant to the
terms of the Amended Credit Agreement, will not violate Regulation U or X of the Board of Governors
of the Federal Reserve System.

     Our opinions expressed herein are subject to the following qualifications:

     A. Our opinions are subject to applicable bankruptcy, insolvency, reorganization, fraudulent
transfer or conveyance, moratorium, rearrangement, liquidation, conservatorship or other laws
relating to or affecting creditor rights generally and to general principles of equity (regardless
of whether such principles are considered in a proceeding at law or in equity). These principles
include, without limitation, concepts of commercial reasonableness, materiality and good faith and
fair dealing. Without limiting the foregoing qualifications, the opinions expressed herein do not
purport to cover, and we express no opinion with respect to, the applicability of Section

7

 

548 of the federal Bankruptcy Code or any comparable provision of state law, including the
provisions relating to fraudulent conveyances. In addition, we express no opinion as to the
enforceability of the provisions of any savings clause in any guaranty or security agreement to the
extent such provisions limit the obligations of a guarantor or as to the effect of any such
provisions on the enforceability of such agreement.

     B. Certain rights, remedies, waivers, releases or disclaimers contained in the Loan Documents
may be limited or rendered unenforceable by applicable law. In our opinion, however, applicable
law does not render the remedies afforded by the Loan Documents invalid as a whole or inadequate
for the practical realization of the principal benefits intended to be provided by the Loan
Documents (and in the case of remedies with respect to any Collateral constituting Accounts from
any Governmental Authority, exercise of such remedies may require compliance with applicable laws
including without limitation relating to limitations or prohibitions on assignments thereof).

     C. Indemnities, rights of contribution, exculpatory provisions, waivers and provisions
requiring arbitration of disputes may be limited by statute or on public policy grounds. Without
limiting the generality of the foregoing, we advise you that Section 9-602 of the New York UCC
prohibits the waiver by debtors of certain rights, including the right under Section 9-610(b) of
the New York UCC to require that all aspects of a disposition of collateral be commercially
reasonable. While Section 9-603(a) of the New York UCC permits the parties to a secured
transaction to determine by agreement the standards measuring the fulfillment of their respective
rights and duties referred to in Section 9-602 of the New York UCC (other than with respect to the
duty to refrain from breaches of the peace), provided that the standards are not manifestly
unreasonable, we express no opinion as to whether or not any standards set forth in the Loan
Documents are manifestly unreasonable.

     D. We express no opinion with respect to the enforceability of any provisions of the Loan
Documents that purport to require payment or reimbursement of attorneys’ fees or litigation
expenses of another party.

     E. We express no opinion, either directly or indirectly, as to the laws of any jurisdiction
other than (i) the laws of the State of New York, (ii) in each case solely with respect to the
Opinion Companies organized thereunder, the laws of the State of California, the laws of the State
of Illinois, the laws of the State of Texas, the Delaware General Corporation Law or the Delaware
Limited Liability Company Act, (iii) solely with respect to paragraph 9, the Delaware UCC and (iv)
the federal laws of the United States of America, as currently in effect. We are not admitted to
practice in the State of Delaware. To the extent our opinion set forth in paragraph 9 relates to
the laws of the State of Delaware, we have, with your consent, based our opinion solely upon our
review of Sections 9-310, 9-312, 9-501, 9-502, 9-503, 9-504 and 9-509 of the Uniform

8

 

Commercial Code as reported by the Secured Transactions Guide (CCH), at
intelliconnect.cch.com, to be in effect in the State of Delaware as of [August _, 2011].
Notwithstanding the foregoing, we express no opinion as to (i) any federal or state securities or
“blue sky” laws, (ii) any tax laws, (iii) any state or United States federal laws relating to
environmental, land use, health, safety, or welfare matters, (iv) matters involving fraudulent
transfer or fraudulent conveyance laws, (v) any local laws or ordinances, (vi) any intellectual
property laws, (vii) the enforceability of the choice of law provisions in the Loan Documents
except insofar as such provisions designate New York law and enforcement of the Loan Documents is
sought in the courts of the State of New York or (viii) the enforceability of any provision
regarding the conclusive effect of any judgment or the enforcement thereof in any jurisdiction
other than the jurisdiction in which rendered.

     F. No opinion is expressed with respect to the effect of the law of any jurisdiction other
than the State of New York wherein any Lender may be located or wherein enforcement of the Loan
Documents may be sought that limits the rates of interest legally chargeable or collectible.

     G. Our opinions are subject to the effect of general principles exonerating a guarantor or
surety if the creditor materially alters the original obligation of the principal without the
consent of the guarantor or surety, elects remedies for default that impair the subrogation rights
of the guarantor or surety against the principal, takes action without notice or consent of the
guarantor or surety that materially prejudices the guarantor or surety and the like; while we
believe that a court should hold that the explicit language contained in the Loan Documents waiving
such rights is enforceable, we express no opinion with respect to the effect of (i) any
modification to or amendment of the obligations of any guarantor or surety that materially
increases such obligations, (ii) any election of remedies by the Administrative Agent or the
holders of obligations arising under the Loan Documents following the occurrence of an event of
default, or (iii) any other action by the Administrative Agent or such holders contemplated by such
waivers that materially prejudices the guarantor or surety.

     H. Our opinions relating to the creation and perfection of security interests may be limited
by the effect of Sections 9-320, 9-321, 9-335, 9-336, 9-406, 9-407 and 9-408 of the New York UCC
and the corresponding sections of the Delaware UCC, the California UCC, the Illinois UCC and the
Texas UCC. Except as expressly set forth in paragraphs 8 through 13, we express no opinion with
respect to the creation and perfection of any security interest or lien. Except as expressly set
forth in paragraph 13, we express no opinion with respect to the priority of any security interest
or lien.

     I. We express no opinion with respect to the classification of any collateral. We express no
opinion with respect to the creation, attachment or perfection of any

9

 

security interest in or lien on any commercial tort claim, any intellectual property or any
interest in real property (including without limitation any fixture).

     J. We have assumed that the Collateral exists or, with respect to after acquired property,
will exist, that the applicable Company, has “rights” or the power to transfer “rights” in, or,
with respect to after acquired property, will have “rights” or the power to transfer “rights” in,
such collateral, and that “value” has been given in connection therewith; and we express no opinion
as to the nature or extent of any Company’s rights in or title to any collateral; and we note with
respect to after acquired property that the security interest in respect thereof will not attach
until the applicable Company acquires rights therein.

     K. We express no opinion as to the accuracy, sufficiency, or completeness of the description
of any collateral (including the location thereof) set forth in any Loan Document or any financing
statement.

     L. We call to your attention the fact that the perfection of a security interest in “proceeds”
(as defined in the New York UCC) of collateral is governed and restricted by Sections 9-203, 9-315,
9-322 and 9-332 of the New York UCC and the corresponding sections of the Delaware UCC, the
California UCC, the Illinois UCC and the Texas UCC.

     M. The enforcement of any Loan Document with respect to the instruments, leases, contracts or
other agreements between an Opinion Company and the other parties to such agreements which
constitute collateral may be subject to the terms of such instruments, leases, contracts and other
agreements and to the rights of such other parties and any claims or defenses of such other parties
against such Opinion Company under such agreements.

     O. We express no opinion herein with respect to any collateral of a type described in Section
9-501(a)(1) of the New York UCC and the corresponding sections of the Delaware UCC, the California
UCC, the Illinois UCC and the Texas UCC.

     P. We express no opinion as to the subject matter jurisdiction of any United States District
Court with regard to the adjudication of any disputes arising under the Loan Documents.

     This opinion is being furnished to you in connection with the transactions evidenced by the
Loan Documents. The Administrative Agent (and its permitted assigns) and each Lender (and its
permitted assigns) may rely upon our opinions set forth herein in connection with those
transactions. None of the Administrative Agent (and its permitted assigns) or any Lender (or its
permitted assigns) may rely upon our opinions set forth herein for any other purpose. Our opinions
set forth herein may not be relied upon

10

 

by any other person, firm, corporation, partnership or other entity without our prior written
consent except that it may be disclosed (i) to your bank examiners and any other Governmental
Authority or self-regulatory body to which you report or to which you are subject to review, (ii)
as required by law or pursuant to legal process, and (iii) to your accountants, lawyers and other
advisors so long as such accountants, lawyers and other advisors agree not to disclose, quote or
file this opinion, but no such person may rely upon this opinion without our prior written consent.

     The foregoing opinions are rendered as of the date hereof, and we assume no obligation to
update such opinions to reflect any facts or circumstances which may hereafter come to our
attention or any changes in the law which may hereafter occur.

Very truly yours,

11

 

	 	 	 

	

	 	Dewey & LeBoeuf LLP 
1301 Avenue of the Americas 
New York, NY 10019-6092

 tel (212) 259-8000 
fax (212) 259-6333

SCHEDULE I

Part 1 — Opinion Companies

	 	 	 	 	 
	 	 	 	 	JURISDICTION OF
	 	 	NAME OF ENTITY	 	ORGANIZATION
	1.

	 	CYBERHOMES, LLC
	 	DELAWARE
	2.

	 	ESPIEL, INC.
	 	DELAWARE
	3.

	 	FNRES INSURANCE SERVICES LLC
	 	DELAWARE
	4.

	 	FNRES LICENSE HOLDINGS INC.
	 	DELAWARE
	5.

	 	GO HOLDINGS, INC.
	 	DELAWARE
	6.

	 	LENDER PROCESSING SERVICES, LLC
	 	DELAWARE
	7.

	 	LPS APPLIED ANALYTICS, LLC
	 	DELAWARE
	8.

	 	LPS AUCTION SOLUTIONS, LLC
	 	DELAWARE
	9.

	 	LPS DEFAULT MANAGEMENT, LLC
	 	DELAWARE
	10.

	 	LPS DEFAULT SOLUTIONS, INC.
	 	DELAWARE
	11.

	 	LPS FIELD SERVICES, INC.
	 	DELAWARE
	12.

	 	LPS IP HOLDING COMPANY, LLC
	 	DELAWARE
	13.

	 	LPS MANAGEMENT, LLC
	 	DELAWARE
	14.

	 	LPS MORTGAGE PROCESSING SOLUTIONS, INC.
	 	DELAWARE
	15.

	 	LPS NATIONAL FLOOD, LLC
	 	DELAWARE
	16.

	 	LPS PORTFOLIO SOLUTIONS, LLC
	 	DELAWARE
	17.

	 	LPS PROPERTY TAX SOLUTIONS, INC.
	 	DELAWARE
	18.

	 	LPS REAL ESTATE GROUP, INC.
	 	DELAWARE
	19.

	 	LSI APPRAISAL, LLC
	 	DELAWARE

1

 

	 	 	 	 	 
	 	 	 	 	JURISDICTION OF
	 	 	NAME OF ENTITY	 	ORGANIZATION
	20.

	 	REALEC TECHNOLOGIES, INC.
	 	DELAWARE
	21.

	 	SOFTPRO, L.L.C.
	 	DELAWARE

	 	 	 	 	 
	 	 	 	 	JURISDICTION OF
	 	 	NAME OF ENTITY	 	ORGANIZATION
	1.

	 	LPS AGENCY SALES AND POSTING, INC.
	 	CALIFORNIA
	2.

	 	LPS REAL ESTATE DATA SOLUTIONS, INC.
	 	CALIFORNIA
	3.

	 	LPS VALUATION SOLUTIONS, LLC
	 	CALIFORNIA
	4.

	 	LSI TITLE COMPANY
	 	CALIFORNIA

	 	 	 	 	 
	 	 	 	 	JURISDICTION OF
	 	 	NAME OF ENTITY	 	ORGANIZATION
	1.

	 	LSI TITLE AGENCY, INC.
	 	ILLINOIS

	 	 	 	 	 
	 	 	 	 	JURISDICTION OF
	 	 	NAME OF ENTITY	 	ORGANIZATION
	1.

	 	LRT RECORD SERVICES, INC.
	 	TEXAS
	2.

	 	TRUE AUTOMATION, INC.
	 	TEXAS

Part 2 — Other Companies

	 	 	 	 	 
	 	 	 	 	JURISDICTION OF
	 	 	NAME OF ENTITY	 	ORGANIZATION
	1.

	 	APITITUDE SOLUTIONS, INC.
	 	FLORIDA
	2.

	 	DOCX, LLC
	 	GEORGIA

2

 

	 	 	 	 	 
	 	 	 	 	JURISDICTION OF
	 	 	NAME OF ENTITY	 	ORGANIZATION
	3.

	 	GO APPLY, LLC
	 	NEVADA
	4.

	 	LENDER’S SERVICE TITLE AGENCY, INC.
	 	OHIO
	5.

	 	LPS ASSET MANAGEMENT SOLUTIONS, INC.
	 	COLORADO
	6.

	 	LPS VERIFICATION BUREAU, INC.
	 	FLORIDA
	7.

	 	LSI ALABAMA, LLC
	 	ALABAMA
	8.

	 	LSI MARYLAND, INC.
	 	MARYLAND
	9.

	 	LSI TITLE AGENCY OF ARKANSAS, LLC
	 	ARKANSAS
	10.

	 	LSI TITLE COMPANY OF OREGON, LLC
	 	OREGON
	11.

	 	LSI TITLE INSURANCE AGENCY OF UTAH, INC.
	 	UTAH
	12.

	 	LSI TITLE INSURANCE AGENCY OF WYOMING, LLC
	 	WYOMING
	13.

	 	MCDASH ANALYTICS, LLC
	 	COLORADO
	14.

	 	NEWINVOICE, L.L.C.
	 	GEORGIA
	15.

	 	ONEPOINTCITY, LLC
	 	OHIO
	16.

	 	PCLENDER.COM, INC.
	 	NEVADA

3

 

SCHEDULE II

1. The Indenture, dated as of July 2, 2008, among LPS, each of the guarantors named therein and
U.S. Bank Corporate Trust Services, as trustee, in respect of the senior unsecured notes of LPS due
2016 issued on July 2, 2008 in the aggregate principal amount of $375,000,000.

4

 

EXHIBIT A

Notes

5

 

FORM OF IN-HOUSE COUNSEL OPINION

LENDER PROCESSING SERVICES, INC.

601 Riverside Avenue

Jacksonville, Florida 32204

August 18, 2011

To the Lenders party to the Credit Agreement

     referred to below and JPMorgan Chase Bank, N.A.,

     as Administrative Agent for the Lenders

Ladies and Gentlemen:

     I am Executive Vice President, General Counsel and Corporate Secretary of Lender Processing
Services, Inc., a Delaware corporation (“LPS”), and am acting as counsel to the subsidiaries of LPS
set forth on Schedule A hereto (the “Opinion Parties”) in connection with the execution and
delivery by LPS and certain of its subsidiaries, as applicable, of (i) that certain Amended and
Restated Credit Agreement dated as of the date hereof (the “Amended Credit Agreement”), among LPS,
as borrower, the parties signatory thereto from time to time as lenders, and JPMorgan Chase Bank,
N.A., as Administrative Agent for the Lenders (the “Administrative Agent”), Swing Line Lender and
L/C Issuer, (ii) the Amended Guaranty (hereinafter defined), and (iii) the Amended Security
Agreement (hereinafter defined). Capitalized terms used herein and not otherwise defined herein
are used herein with the meanings ascribed to them in the Amended Credit Agreement.

     In connection with this representation, I have examined copies of fully executed counterparts
of the following documents (collectively, the “Opinion Documents”):

	 	(a)	 	the Amended and Restated Subsidiary Guaranty (the “Amended Guaranty”) dated as
of the date hereof made by the Opinion Parties and certain other subsidiary guarantors
party thereto in favor of the Secured Parties;
	 
	 	(b)	 	the Amended and Restated Security Agreement (the “Amended Security Agreement”)
dated as of the date hereof among the Opinion Parties, certain other subsidiary
guarantors and JPMorgan Chase Bank, N.A., as collateral agent (the “Collateral Agent”)
for the Secured Parties; and
	 
	 	(c)	 	the Amendment, Restatement and Joinder Agreement (the “Amendment
Agreement”), dated as of the date hereof, in respect of the Credit Agreement
dated as of July 2, 2008 among LPS, as Borrower, the lenders party thereto and
JPMorgan Chase Bank, N.A., as Administrative Agent.

     In the capacity described above, I also have made such investigations of law, and I have
examined and relied upon and assumed the accuracy of, with your permission, such other records and
documents of the Opinion Parties, certificates of officers or other representatives of the Opinion
Parties, certificates of public officials, and such other documents as I have deemed appropriate as
a basis for these opinions.

 

 

Lenders party to the Credit Agreement

and JPMorgan Chase Bank, N.A.

August 18, 2011

Page 2

     I am admitted to practice law solely in the State of Florida (the “Primary Opinion
Jurisdiction”). Other lawyers employed by the Opinion Parties (the “Supporting Lawyers”) are
admitted in the States of Georgia and Ohio (the “Reliance Opinion Jurisdiction”). The opinions
herein are limited to the laws of the Primary Opinion Jurisdiction; provided, however, that, where
specifically identified herein, certain opinions involving the law of the Reliance Opinion
Jurisdiction (the “Ancillary Opinions”) are given in reliance on opinions provided to the
undersigned by the Supporting Lawyers (the “Supporting Opinions”), with such Ancillary Opinions
being given, with your permission, solely upon reliance of the Supporting Opinions (and the
undersigned expresses no independent legal opinion regarding the Ancillary Opinions or the
application of the law of the Reliance Opinion Jurisdiction thereto).

     I express no opinion with respect to any matters regarding compliance with any fiduciary or
similar obligations by any Person, or regarding any matters related to solvency or capitalization
or otherwise involving the financial capacity or viability of any Person (including, without
limitation, compliance with financial covenants) or as to statistical or financial matters.

     I refer you to the opinion letter of Dewey & LeBoeuf LLP, of even date herewith addressed to
you with respect to the matters covered thereby. I express no opinion as to any of the matters set
forth in such opinions.

     Based upon the foregoing, and subject to the other exceptions, assumptions and qualifications
set forth or incorporated herein by reference, it is my opinion that:

	1.	 	Each of the Florida Opinion Parties is a corporation validly existing and in good standing
under the laws of the State of Florida. The opinion in the immediately preceding sentence is
based solely upon review of copies of certificates issued by the Secretary of State of the
State of Florida for each of the Florida Opinion Parties, and is limited to the meaning
ascribed to such certificates by the State of Florida and to the status of the Florida Opinion
Parties on the date of the certificate relating to it. Each of the Florida Opinion
Parties has the corporate power to execute and deliver the Opinion Documents to which it is
a party and to perform its obligations thereunder. Each of the Florida Opinion Parties has
duly authorized the execution and delivery of the Opinion Documents to which it is a party
and the performance of its obligations thereunder. The execution and delivery by each of
the Florida Opinion Parties of each Opinion Document to which it is a party does not, and if
each of the Florida Opinion Parties was now to perform its obligations thereunder such
performance would not, result in any violation of the articles of incorporation or bylaws of
the Florida Opinion Parties or the Florida Business Corporation Act.

	2.	 	Each of the Georgia Opinion Parties is a limited liability company validly existing and in
good standing under the laws of the State of Georgia. The opinion in the immediately
preceding sentence is based solely upon review of copies of certificates issued by the

 

 

Lenders party to the Credit Agreement

and JPMorgan Chase Bank, N.A.

August 18, 2011

Page 3

	 	 	Secretary of State of the State of Georgia for each of the Georgia Opinion Parties, and is
limited to the meaning ascribed to such certificates by the State of Georgia and to the status of
the Georgia Opinion Parties on the date of the certificate relating to it. Each of the Georgia
Opinion Parties has the limited liability company power to execute and deliver the Opinion
Documents to which it is a party and to perform its obligations thereunder. Each of the Georgia
Opinion Parties has duly authorized the execution and delivery of the Opinion Documents to which it
is a party and the performance of its obligations thereunder. The execution and delivery by each
of the Georgia Opinion Parties of each Opinion Document to which it is a party does not, and if
each of the Georgia Opinion Parties was now to perform its obligations thereunder such performance
would not, result in any violation of the articles of organization or operating agreement of the
Georgia Opinion Parties or the Georgia Limited Liability Company Act. The opinions in this
paragraph are Ancillary Opinions limited to the laws of the State of Georgia and are made in
reliance solely on the Supporting Opinions.

	3.	 	Each of the Ohio Opinion Parties is a corporation or limited liability company (as
applicable) validly existing and in good standing under the laws of the State of Ohio. The
opinion in the immediately preceding sentence is based solely upon review of copies of
certificates issued by the Secretary of State of the State of Ohio for each of the Ohio
Opinion Parties, and is limited to the meaning ascribed to such certificates by the State of
Ohio and to the status of each of the Ohio Opinion Parties on the date of the certificate
relating to it. Each of the Ohio Opinion Parties has the corporate or limited liability
company (as applicable) power to execute and deliver the Opinion Documents to which it is a
party and to perform its obligations thereunder. Each of the Ohio Opinion Parties has duly
authorized the execution and delivery of the Opinion Documents to which it is a
party and the performance of its obligations thereunder. The execution and delivery by each
of the Ohio Opinion Parties of each Opinion Document to which it is a party does not, and if
each of the Ohio Opinion Parties was now to perform its obligations thereunder such
performance would not, result in any violation of the articles of incorporation, articles of
organization, bylaws, or operating agreement (as applicable) of the Ohio Opinion Parties,
Chapter 1701 of the Ohio Revised Code, or Chapter 1705 of the Ohio Revised Code. The
opinions in this paragraph are Ancillary Opinions limited to the laws of the State of Ohio
and are made in reliance solely on the Supporting Opinions.

	4.	 	The execution and delivery by each of the Florida Opinion Parties, the Georgia Opinion
Parties and the Ohio Opinion Parties of the Opinion Documents to which they are a party and
the performance by such Opinion Party of its obligations thereunder (if such Opinion Party
were to perform its obligations on the date hereof) do not violate, respectively, any
applicable Florida, Georgia or Ohio law or regulation which, in my experience and the
experience of the Supporting Lawyers, is typically applicable to corporations or limited
liability companies (as applicable) in relation to transactions of the type contemplated by
the Opinion Documents to which they are a party. The opinions in this paragraph (other than
as such opinions relate to the Florida Opinion Parties) are Ancillary Opinions

 

 

Lenders party to the Credit Agreement

and JPMorgan Chase Bank, N.A.

August 18, 2011

Page 4

	 	 	limited to the laws of the States of Georgia and Ohio and are made in reliance solely on the
Supporting Opinions.

	5.	 	No consent, approval, waiver, license or authorization or other action by or filing with any
Florida, Georgia or Ohio governmental authority pursuant to applicable law is required in
connection with the execution and delivery by each of the Florida Opinion Parties, the Georgia
Opinion Parties or the Ohio Opinion Parties, respectively, of the Opinion Documents to which
they are a party or the performance by such Opinion Party of its obligations thereunder on the
date hereof, except for those already obtained and in full force and effect and any security
agreements regarding intellectual property required by the Amended Security Agreement. The
opinions in this paragraph (other than as such opinions relate to the Florida Opinion Party)
are Ancillary Opinions limited to the laws of the States of Georgia and Ohio and are made in
reliance solely on the Supporting Opinions.

	6.	 	With respect to each Opinion Party organized under the law of the State of Florida,
Georgia or Ohio, the Specified Amendments do not themselves (without regard to any other
facts) adversely affect the perfection of the security interest of the Collateral Agent in
that portion of the UCC Collateral of such Opinion Parties in which, immediately prior
to the effectiveness of the Specified Amendments, the Collateral Agent had a perfected
security interest solely by virtue of the filing of any financing statements with the
Secretary of State of Florida, Georgia and Ohio. After giving effect to the Specified
Amendments, the Collateral Agent’s security interest in such UCC Collateral will be a
perfected security interest under the Florida, Georgia and Ohio UCC to the same extent that
it was a perfected security interest immediately prior to giving effect to the Specified
Amendments. The opinions in this paragraph (other than as such opinions relate to the
Florida Opinion Party) are Ancillary Opinions limited to the laws of the States of Georgia
and Ohio and are made in reliance solely on the Supporting Opinions.

	 	 	“Specified Amendments” means (i) the provisions of the Original Credit Agreement
that are amended by the Amendment Agreement and the Credit Agreement, (ii) the provisions of
the Existing Security Agreement (as defined in the Amended Security Agreement) that are
amended by the Amendment Agreement and the Amended Security Agreement and (iii) the
provisions of the Existing Subsidiary Guaranty (as defined in the Amended Guaranty) that are
amended by the Amendment Agreement and the Amended Guaranty.

	 	 	“UCC Collateral” means that portion of the Collateral to the extent Article 9 of the
New York Uniform Commercial Code governs a security interest in such collateral.

     In rendering the opinions set forth herein, I have relied upon and assumed that all natural
persons who are signatories to the Opinion Documents or the other documents reviewed by me were
legally competent at the time of execution; all signatures on the Opinion Documents and the other
documents reviewed by me are genuine; the copies of all documents submitted to me

 

 

Lenders party to the Credit Agreement

and JPMorgan Chase Bank, N.A.

August 18, 2011

Page 5

are accurate and complete, each such document that is original is authentic, and each such
document that is a copy conforms to an authentic original; and the documents executed and delivered
by the parties are identical to the documents that I have reviewed in rendering this opinion
letter.

     Wherever any opinion herein as to any matter is “to my knowledge” or the like, such opinion
is, with your permission, based solely upon my current conscious awareness of facts or other
information that I recognize as relevant to such matter, without investigation or inquiry.

     I express no opinion as to the laws of any jurisdiction other than the Primary Opinion
Jurisdiction, and then only to the extent set forth herein. To the extent any Opinion Document
states that the interpretation and enforcement thereof are controlled by the laws of a jurisdiction
(such as New York) other than the Primary Opinion Jurisdiction, for purposes of the opinions
rendered herein, I have, with your permission, disregarded the choice of law provision in such
Opinion Document and, instead, have assumed that the laws and judicial interpretations of the
Primary Opinion Jurisdiction exclusively govern and control such interpretation and enforcement.

     I express no opinion as to (a) the creation, validity, perfection or priority of any security
interest (except, with respect to perfection only, to the extent expressly set forth in opinion 6),
or (b) the effect of, or compliance with (i) provisions of state law restricting dividends, loans
or other distributions by a corporation to or for the benefit of its shareholders or (ii) any
federal or state securities or “blue sky” laws, rules or regulations.

     I express no opinion concerning local law, antitrust laws, bankruptcy laws, fraudulent
transfer or conveyance laws, environmental laws or laws relating to worker health or safety,
zoning, permitting or land use matters, tax laws, or laws relating to pension benefits or other
laws, rules or regulations generally applicable to the current or proposed conduct of business by
the Opinion Parties (or as to consents, approvals or other actions by federal or state regulatory
authorities generally required for such conduct of business).

     I express no opinion as to the laws of any country (other than the laws of the United
States of America) or as to the effect of such laws (whether limiting, prohibitive or
otherwise) on any of the rights or obligations of the Opinion Parties or of any other party to or
beneficiary of any of the Opinion Documents.

     I have assumed, with your permission, that the execution and delivery of each of the Opinion
Documents by each of the parties thereto and the performance of their respective obligations
thereunder will not violate any fundamental public policy under applicable law.

     I express no opinion as to usury laws.

 

 

Lenders party to the Credit Agreement

and JPMorgan Chase Bank, N.A.

August 18, 2011

Page 6

	 	 	With regard to opinion 6:

	A.	 	perfection of the security interest of the Collateral Agent for the benefit of the Secured
Parties (as defined in the Amended Security Agreement) in any proceeds of the Article 9
Collateral is subject to the limitations set forth in Section 9-315 of Article 9 of the
Uniform Commercial Code as in effect in the States of Florida, Georgia or Ohio, as applicable,
and, in addition, I note that with respect to certain types of proceeds, other parties (such
as holders in due course, protected purchasers of securities, persons who obtain control over
securities entitlements and buyers in the ordinary course of business)
may acquire a superior interest or may take their interest free of the security interest of
the Collateral Agent;

	B.	 	the continued perfected security interest of the Collateral Agent for the benefit of the
Secured Parties in that portion of the Article 9 Collateral perfected by the filing of the
Financing Statements (i) requires the filing of continuation statements within the period of
six months prior to the expiration of five years from the date of filing of the Financing
Statements, and (ii) may also depend on (a) the continued incorporation of each Opinion Party
in the state of its incorporation as of the date hereof and (b) the continuation of each
Opinion Party’s present corporate name and structure;

	C.	 	in the case of any Article 9 Collateral hereafter acquired by any Opinion Party, Section 552
of the Bankruptcy Code (11 U.S.C. Section 101 et seq., as amended from time to time) limits
the extent to which the property acquired by a debtor after the commencement of a case under
the Bankruptcy Code may be subject to a security interest arising from a security agreement
entered into by the debtor before the commencement of such case;

	D.	 	I have assumed that no Opinion Party is incorporated in any jurisdiction other than as
indicated in its articles or certificate of incorporation, certificate of authority, articles
of organization, or certificate of formation (as applicable); and

	E.	 	I express no opinion with respect to the perfection of the security interest of the
Collateral Agent in any commercial tort claims.

     This opinion letter has been prepared and is to be construed in accordance with the Report on
Standards for Third-Party Legal Opinions of Florida Counsel, dated January 21, 2010 (the “Report”).
The Report is incorporated by reference into this opinion letter. For convenience of reference,
clarity or avoidance of doubt, certain of the qualifications, limitations, assumptions,
interpretations or standards contained in the Report are repeated in this opinion letter, but the
setting forth in this opinion letter of those particular qualifications, limitations, assumptions,
interpretations or standards does not diminish the applicability of the entirety of the Report to
this opinion letter, and all of the qualifications, limitations, assumptions,

 

 

Lenders party to the Credit Agreement

and JPMorgan Chase Bank, N.A.

August 18, 2011

Page 7

interpretations, standards and other provisions and matters contained in the Report are part
of, incorporated in, and applicable to this opinion letter.

     This opinion letter is limited to the matters stated and no opinion is implied or may be
inferred beyond the matters expressly stated herein. This opinion letter has been delivered solely
for the benefit of the addressees, as well as Dewey & LeBoeuf LLP, and may not be relied upon by
any other person or entity or for any other purpose (nor may this letter or any copies hereof be
furnished to any third party, filed with a governmental agency, quoted, cited or otherwise referred
to unless required by law or legal process) without the express written permission of the
undersigned, other than permitted assigns of any Lender or bank regulatory authorities having
jurisdiction over a Lender or its permitted assigns. This opinion letter is limited to the date
hereof, and I expressly disclaim any responsibility to update these opinions for changes in law,
facts or other developments occurring after the date hereof (including, without limitation, the
effect of any assignment of any interest of any Lender under the Amended Credit Agreement). Any
reliance by a future assignee must be actual and reasonable under the circumstances existing at the
time of assignment, including any changes in law, facts or other developments known to or
reasonably knowable by the assignee at such time.

Very truly yours,

Todd C. Johnson

Executive Vice President, General Counsel and

Corporate Secretary of

Lender Processing Services, Inc.

 

 

SCHEDULE A

OPINION PARTIES

	1.	 	APTItude Solutions, Inc., a Florida corporation (“APTItude”);

	2.	 	DOCX, LLC, a Georgia limited liability company (“DOCX”);

	3.	 	Lender’s Service Title Agency, Inc., an Ohio corporation (“LSTA”);

	4.	 	LPS Verification Bureau, Inc., a Florida corporation (together with APTItude, the
“Florida Opinion Parties”);

	5.	 	NewInvoice, LLC, a Georgia limited liability company (together with DOCX, the
“Georgia Opinion Parties”); and

	6.	 	OnePointCity, LLC, an Ohio limited liability company (together with LSTA, the “Ohio
Opinion Parties”).

 

 

EXHIBIT K

FORM OF MORTGAGE

This instrument was prepared by the

attorney described below in consultation

with counsel in the State in which the

Property is located and, when recorded,

the recorded counterparts should be returned to:

________________, Esq.

Davis Polk & Wardwell

450 Lexington Avenue

New York, New York 10017

      

MORTGAGE, SECURITY AGREEMENT, ASSIGNMENT OF LEASES AND

RENTS AND FIXTURE FILING

dated as of __________, 20__

by

[NAME OF MORTGAGOR]

the “Mortgagor”,

to

JPMORGAN CHASE BANK, N.A.

as Collateral Agent for the Lenders,

the “Mortgagee”

Property:

____________________

 

THIS INSTRUMENT CONTAINS AFTER-ACQUIRED PROPERTY PROVISIONS AND SECURES OBLIGATIONS CONTAINING
PROVISIONS FOR CHANGES IN INTEREST RATES. THIS INSTRUMENT ALSO SECURES FUTURE ADVANCES.

K-1

 

TABLE OF CONTENTS

 

	 	 	 	 	 
	 	 	Page
	ARTICLE 1

	Definitions And Interpretations

	 
	 	 	 	 
	Section 1.01. Definitions
	 	 	7	 
	Section 1.02. Interpretation
	 	 	11	 
	Section 1.03. Resolution of Drafting Ambiguities
	 	 	12	 
	 
	 	 	 	 
	ARTICLE 2

	Certain Representations, Warranties And Covenants

	 
	 	 	 	 
	Section 2.01. Title, Authority and Effectiveness
	 	 	12	 
	Section 2.02. Impositions
	 	 	14	 
	Section 2.03. Legal and Insurance Requirements
	 	 	14	 
	Section 2.04. Status and Care of the Property
	 	 	15	 
	Section 2.05. Liens
	 	 	15	 
	Section 2.06. Transfers
	 	 	16	 
	Section 2.07. Credit Agreement; Certain Amounts
	 	 	16	 
	 
	 	 	 	 
	ARTICLE 3

	Insurance, Casualty Event And Condemnation

	 
	 	 	 	 
	Section 3.01. Insurance
	 	 	17	 
	Section 3.02. Casualty Event
	 	 	18	 
	Section 3.03. Insurance Claims and Proceeds
	 	 	18	 
	Section 3.04. Condemnation
	 	 	18	 
	Section 3.05. Condemnation Proceedings and Awards
	 	 	19	 
	 
	 	 	 	 
	ARTICLE 4

	Certain Secured Obligations

	 
	 	 	 	 
	Section 4.01. Revolving Credit Loans
	 	 	19	 
	Section 4.02. Right to Perform Obligations
	 	 	20	 
	Section 4.03. Changes in the Laws Regarding Taxation
	 	 	20	 
	Section 4.04. Indemnity and Expenses
	 	 	20	 
	 
	 	 	 	 
	ARTICLE 5

	Defaults, Remedies and Rights

	 
	 	 	 	 
	Section 5.01. Events of Default
	 	 	22	 
	Section 5.02. Remedies
	 	 	22	 

i

 

	 	 	 	 	 
	 	 	Page
	Section 5.03. Waivers by the Mortgagor
	 	 	26	 
	Section 5.04. Jurisdiction and Process
	 	 	26	 
	Section 5.05. Sales
	 	 	27	 
	Section 5.06. Proceeds
	 	 	29	 
	Section 5.07. Assignment of Leases
	 	 	29	 
	Section 5.08. Dealing with the Mortgaged Property
	 	 	31	 
	Section 5.09. Information and Right of Entry
	 	 	31	 
	 
	 	 	 	 
	ARTICLE 6

	Security Agreement And Fixture Filing

	 
	 	 	 	 
	Section 6.01. Security Agreement
	 	 	32	 
	Section 6.02. Fixture Filing
	 	 	33	 
	 
	 	 	 	 
	ARTICLE 7

	Miscellaneous

	 
	 	 	 	 
	Section 7.01. Concerning the Mortgagee
	 	 	34	 
	Section 7.02. Release of Mortgaged Property
	 	 	34	 
	Section 7.03. Notices
	 	 	35	 
	Section 7.04. Amendments in Writing
	 	 	35	 
	Section 7.05. Severability
	 	 	36	 
	Section 7.06. Binding Effect
	 	 	36	 
	Section 7.07. Governing Law
	 	 	36	 
	Section 7.08. Local Law Provisions
	 	 	36	 
	Section 7.09. Multisite Real Estate Transaction
	 	 	36	 
	Section 7.10. Subrogation to Rights of Prior Lienholder
	 	 	37	 

Exhibit A — Description of the Land

Exhibit B — Permitted Encumbrances

Appendix — Local Law Provisions

ii

 

MORTGAGE, SECURITY AGREEMENT, ASSIGNMENT OF LEASES

AND RENTS AND FIXTURE FILING

     THIS MORTGAGE, SECURITY AGREEMENT, ASSIGNMENT OF LEASES AND RENTS AND FIXTURE FILING (this
“Mortgage”) is dated as of _________, 20__ by [NAME OF MORTGAGOR], a ______________ (the
“Mortgagor”), having an address at _______, to JPMORGAN CHASE BANK, N.A., as collateral
agent for itself and the other Lenders (in its capacity as collateral agent, together with any
successor collateral agent, the “Mortgagee”), having an address at_____________.

W I T N E S S E T H:

RECITALS

     (A) Credit Agreement. Reference is hereby made to the Amended and Restated Credit Agreement,
dated as of August 18, 2011 (as amended, restated, amended and restated, supplemented or otherwise
modified from time to time, the “Credit Agreement”), among Lender Processing Services, Inc., a
Delaware corporation (the “Borrower”), the Lenders from time to time party thereto, and JPMorgan
Chase Bank, N.A., as Administrative Agent, Swing Line Lender and L/C Issuer. Pursuant to the
Credit Agreement, the Lenders may from time to time extend Loans to and issue Letters of Credit for
the account of the Borrower. Pursuant to the Credit Agreement, the Borrower may also become
obligated to one or more of the Secured Hedge Banks by the Borrower or any of its Subsidiaries
entering into Secured Hedge Agreements or one or more of the Lenders or an Affiliate thereof
providing the Cash Management Services.

     (B) Guaranty. Pursuant to Section 6.12 of the Credit Agreement and the Amended and Restated
Subsidiary Guaranty, the Mortgagor has unconditionally guaranteed, subject to the limitations set
forth in the Credit Agreement and the Guaranty, the full and punctual payment, observance and
performance of all Obligations of the Borrower, all Secured Hedging Obligations of each Loan Party
and all Secured Cash Management Obligations of each Loan Party, in each case, whether now or
hereafter existing, direct or indirect, absolute or contingent, and whether for principal,
interest, fees, indemnities, contract causes of action, costs, expenses or otherwise.

     (C) Mortgage. The Lien of this Mortgage is being granted to secure the full and punctual
payment, observance and performance of all (a) Obligations, (b) Secured Hedging Obligations and (c)
Secured Cash Management Obligations, in each case of the Mortgagor now or hereafter existing
(including any extensions, modifications, substitutions, amendments or renewals of any or all of
the foregoing obligations), whether direct or indirect, absolute or contingent, and whether for
principal, interest, fees, indemnities, contract causes of action, costs, expenses or otherwise
(collectively, the “Secured Obligations”), including the following:

 

 

(i) the full and punctual payment of all principal of all Loans and L/C
Borrowings outstanding from time to time under the Credit Agreement, all
interest (including any interest that accrues after the commencement of any
receivership, insolvency, liquidation, bankruptcy, reorganization, arrangement,
adjustment, composition or other judicial proceeding relative to any Loan Party,
or would accrue but for the operation of applicable Debtor Relief Laws, whether
or not such interest is allowed or allowable as a claim in any such proceeding)
on such Loans and L/C Borrowings and all other amounts now or hereafter payable
by any Loan Party pursuant to any Finance Documents;

(ii) the full and punctual performance of all obligations of the Mortgagor
under the Subsidiary Guaranty; and

(iii) the full and punctual performance and observance of each other term,
covenant, agreement, obligation, requirement, condition and provision to be
performed or observed by any Loan Party under any Finance Documents, including
this Mortgage.

     (D) [The maximum principal indebtedness that may be secured by this Mortgage is $_________
(the “Secured Loan Amount”). The scheduled maturity date of the latest to mature of the Secured
Obligations is _____________.]1

GRANTING CLAUSES

     NOW, THEREFORE, in consideration of the premises and other good and valuable consideration,
the receipt and sufficiency of which are hereby acknowledged, for the purpose of securing the full
and punctual payment, observance and performance of the Secured Obligations and intending to be
bound hereby, the Mortgagor does hereby GRANT, BARGAIN, SELL, CONVEY, MORTGAGE, ASSIGN, TRANSFER
and WARRANT to the Mortgagee, with power of sale and right of entry as hereinafter provided, and
(to the extent covered by the UCC) does hereby GRANT AND WARRANT to the Mortgagee a continuing
security interest in and to all of the property and rights described in the following Granting
Clauses (all of which property and rights are collectively called the “Mortgaged Property”), to
wit:

 

			
	1	 	[Include maximum secured amount in mortgage
recording tax jurisdictions or where required by local law. Includes reference
to outside maturity date only where required by local law.]

2

 

     I. GRANTING CLAUSE

     Land. All estate, right, title and interest of the Mortgagor in, to, under or derived from:
the lots, pieces, tracts or parcels of land located in _________ County, _________, more
particularly described on Exhibit A (the “Land”).

     II. GRANTING CLAUSE

     Improvements. All estate, right, title and interest of the Mortgagor in, to, under or derived
from: all buildings, structures, facilities and other improvements of every kind and description
now or hereafter located on or attached to the Land, including all parking areas, roads, driveways,
walks, fences, walls, berms, recreation facilities, drainage facilities, lighting facilities and
other site improvements; all water, sanitary and storm sewer, drainage, electricity, steam, gas,
telephone, telecommunications and other utility equipment and facilities; all plumbing, lighting,
heating, ventilating, air-conditioning, refrigerating, incinerating, compacting, fire protection
and sprinkler, surveillance and security, vacuum cleaning, public address, communications and
telecommunications equipment and systems; all screens, awnings, floor coverings, partitions,
elevators, escalators, motors, electrical, computer and other wiring, machinery, pipes, fittings
and racking and shelving; and all other items of fixtures, equipment and personal property of every
kind and description, in each case now or hereafter located on the Land or affixed (actually or
constructively) to the buildings and other improvements located on the Land which by the nature of
their location thereon or affixation thereto are real property under applicable Law; and including
all materials intended for the construction, reconstruction, repair, replacement, alteration,
addition or improvement of or to such buildings, equipment, fixtures, structures and improvements,
all of which materials shall be deemed to be part of the Mortgaged Property immediately upon
delivery thereof on the Land and to be part of the improvements immediately upon their
incorporation therein (the foregoing being collectively called the “Improvements”).

     III. GRANTING CLAUSE

     Equipment. All estate, right, title and interest of the Mortgagor in, to, under or derived
from: all equipment, fixtures, chattels and articles of personal property owned by the Mortgagor or
in which the Mortgagor has or shall acquire an interest, wherever situated, and now or hereafter
located on, or in, or affixed (actually or constructively) to, the Land or the Improvements,
whether or not affixed thereto and which are not real property under applicable Law, including all
partitions, shades, blinds, curtains, draperies, carpets, rugs, furniture and furnishings; all
radio and cable antennae and systems, satellite dishes and systems, audio and video systems,
equipment and facilities; all heating, lighting, plumbing, ventilating, air conditioning,
refrigerating, gas, steam, electrical,

3

 

incinerating and compacting plants, systems, fixtures and equipment; all elevators, stoves,
ranges, other kitchen and laundry appliances, vacuum and other cleaning systems, call systems,
switchboards, sprinkler systems and other fire prevention, alarm and extinguishing apparatus and
materials; and all motors, machinery, pipes, conduits, dynamos, engines, compressors, generators,
boilers, stokers, furnaces, pumps, trunks, ducts, appliances, equipment, utensils, tools,
implements, fittings and fixtures, and including any of the foregoing that is temporarily removed
from the Land or the Improvements to be repaired and later reinstalled thereon or therein (the
foregoing being collectively called the “Equipment”; and the Land with the Improvements thereon and
the Equipment therein being collectively called the “Property”). If any of the Equipment under
this Granting Clause is covered by an equipment lease, title retention or security agreement, (i)
the grant under this Granting Clause (but not the definition of “Equipment” for the other purposes
hereof) excludes any Equipment which cannot be transferred or encumbered by the Mortgagor without
causing a termination of such agreement or default thereunder, otherwise (ii) the grant under this
Granting Clause includes Mortgagor’s right, title and interest in, to, under and derived from such
agreement, together with the benefits of all deposits and payments now or hereafter made thereunder
by or on behalf of the Mortgagor and subject to all of the terms and conditions of such agreement
and the liens and security interests thereunder.

     IV. GRANTING CLAUSE

     Appurtenant Rights. All estate, right, title and interest of the Mortgagor in, to, under or
derived from: all tenements, hereditaments and appurtenances now or hereafter relating to the
Property; the streets, roads, sidewalks and alleys abutting the Property; all strips and gores
within or adjoining the Land; all land in the bed of any body of water adjacent to the Land; all
land adjoining the Land created by artificial means or by accretion; all air space and rights to
use air space above the Land; all development or similar rights now or hereafter appurtenant to the
Land; all rights of ingress and egress now or hereafter appertaining to the Property; all
easements, servitudes, privileges and rights of way now or hereafter appertaining to the Property;
and all royalties and other rights now or hereafter appertaining to the use and enjoyment of the
Property, including alley, party walls, support, drainage, crop, timber, agricultural,
horticultural, oil, gas and other mineral, water stock, riparian and other water rights now or
hereafter appertaining to the use and enjoyment of the Property.

     V. GRANTING CLAUSE

     Agreements. All estate, right, title and interest of the Mortgagor in, to, under or derived
from: all Insurance Policies (including all unearned premiums and dividends thereunder) and other
policies of insurance maintained by the Borrower or Mortgagor with respect to the Property (even if
not required to be

4

 

maintained hereunder); all guarantees and warranties relating to the Property and all supply
and service contracts for water, sanitary and storm sewer, drainage, electricity, steam, gas,
telephone and other utilities now or hereafter relating to the Property and all other contracts and
agreements affecting or relating to the use, enjoyment or occupancy of the Property (the foregoing
being collectively called the “Agreements”).

     VI. GRANTING CLAUSE

     Leases. All estate, right, title and interest of the Mortgagor in, to, under or derived from:
all Leases now or hereafter in effect, whether or not of record, for the use or occupancy of all or
any part of the Property.

     VII. GRANTING CLAUSE

     Rents, Issues and Profits. All estate, right, title and interest of the Mortgagor in, to,
under or derived from: all rents, royalties, issues, profits, receipts, revenue, income and other
benefits now or hereafter accruing with respect to the Property, including all rents and other sums
now or hereafter payable pursuant to the Leases; all other sums now or hereafter payable with
respect to the use, occupancy, management, operation or control of the Property; and all other
claims, rights and remedies now or hereafter belonging or accruing with respect to the Property,
including fixed, additional and percentage rents, occupancy charges, security deposits, parking,
maintenance, common area, tax, insurance, utility and service charges and contributions (whether
collected under the Leases or otherwise), proceeds of sale of electricity, gas, heating, air
conditioning and other utilities and services (whether collected under the Leases or otherwise),
and deficiency rents and liquidated damages following default or cancellation (the foregoing rents
and other sums described in this Granting Clause being collectively called the “Rents”), all of
which the Mortgagor hereby irrevocably directs be paid to the Mortgagee, subject to the license
granted to the Mortgagor pursuant to Section 5.07(b), to be held, applied and disbursed as provided
in this Mortgage.

     VIII. GRANTING CLAUSE

     Permits. All estate, right, title and interest of the Mortgagor in, to, under or derived from
all licenses, authorizations, certificates, variances, consents, approvals and other permits now or
hereafter appertaining to the Property (the foregoing being collectively called the “Permits”),
excluding from the grant under this Granting Clause (but not the definition of the term “Permits”
for the other purposes hereof) any Permits which cannot be transferred or encumbered by the
Mortgagor without causing a default thereunder or a termination thereof.

5

 

     IX. GRANTING CLAUSE

     Books and Records. All estate, right, title and interest of the Mortgagor in, to, under or
derived from all books and records, including tenant files, credit files, customer files, computer
print outs, files, programs and other computer and electronic materials and records, now or
hereafter relating to the Property.

     X. GRANTING CLAUSE

     Intangible Property. All estate, right, title and interest of the Mortgagor in, to, under or
derived from the Property and other intangible property not described in the foregoing Granting
Clauses now or hereafter relating to the use and operation of the Property as a going concern.

     XI. GRANTING CLAUSE

     Deposits, Proceeds and Awards. All estate, right, title and interest of the Mortgagor in, to,
under or derived from all amounts deposited with the Mortgagee under the Loan Documents with
respect to the Property, including all Insurance Proceeds, Awards and title insurance proceeds
under any title insurance policy now or hereafter held by the Mortgagor (the foregoing being
collectively called “Deposits”), proceeds of any Transfer, financing, refinancing or conversion
into cash or liquidated claims, whether voluntary or involuntary, of any of the Mortgaged Property;
and all rights, dividends and other claims of any kind whatsoever (including damage, secured,
unsecured, priority and bankruptcy claims) now or hereafter relating to any of the Mortgaged
Property, all of which the Mortgagor hereby irrevocably directs be paid to the Mortgagee to the
extent provided hereunder, to be held, applied and disbursed as provided in this Mortgage.

     XII. GRANTING CLAUSE

     Additional Property. All greater, additional or other estate, right, title and interest of
the Mortgagor in, to, under or derived from the Mortgaged Property hereafter acquired by the
Mortgagor, including all estate, right, title and interest of the Mortgagor in, to, under or
derived from all extensions, improvements, betterments, renewals, substitutions and replacements
of, and additions and appurtenances to, any of the Mortgaged Property hereafter acquired by or
released to the Mortgagor or constructed or located on, or attached to, the Property, in each case,
immediately upon such acquisition, release, construction, location or attachment; all estate,
right, title and interest of the Mortgagor in, to, under or derived from any other property and
rights which are, by the provisions of the Loan Documents, required to be subjected to the Lien
hereof; all estate, right, title and interest of the Mortgagor in, to, under or derived from any
other property and rights which are necessary to maintain the Property and the Mortgagor’s business

6

 

or operations conducted therein as a going concern in each case, to the fullest extent
permitted by law, without any further conveyance, mortgage, assignment or other act by the
Mortgagor; and all estate, right, title and interest of the Mortgagor in, to, under or derived from
all other property and rights which are by any instrument or otherwise subjected to the Lien hereof
by the Mortgagor.

     TO HAVE AND TO HOLD the Mortgaged Property, together with all estate, right, title and
interest of the Mortgagor and anyone claiming by, through or under the Mortgagor in, to, under or
derived from the Mortgaged Property and all rights and appurtenances relating thereto, to the
Mortgagee and its successors and assigns, forever.

     PROVIDED ALWAYS that this Mortgage is upon the express condition that the Mortgaged Property
shall be released from the Lien of this Mortgage in full or in part in the manner and at the time
provided in Section 7.02.

     THE MORTGAGOR ADDITIONALLY COVENANTS AND AGREES WITH THE MORTGAGEE AS FOLLOWS:

ARTICLE 1

Definitions And Interpretations

     Section 1.01. Definitions. (a) Capitalized terms used in this Mortgage, but not otherwise
defined herein, are defined in, or are defined by reference in, the Credit Agreement, and if not
defined therein, then in the Security Agreement, and have the same meanings herein as therein.

     (b) In addition, as used herein, the following terms have the following meanings:

     “Agreements” is defined in Granting Clause V.

     “Awards” means, at any time, all awards or payments paid or payable by reason of any
Condemnation.

     “Bankruptcy Code” means the Bankruptcy Code of 1978, as amended.

     “Borrower” is defined in the Recitals.

     “Condemnation” means any condemnation or other taking or temporary or permanent requisition of
the Property, any interest therein or right appurtenant thereto, or any change of grade affecting
the Property, as the result of the exercise of any right of condemnation or eminent domain. A
Transfer to a governmental

7

 

authority in lieu or anticipation of Condemnation shall be deemed to be a Condemnation.

     “Credit Agreement” is defined in the Recitals.

     “Deposits” is defined in Granting Clause XI.

     “Equipment” is defined in Granting Clause III.

     “Environmental Laws” means any and all applicable Federal, state, local, and foreign statutes,
laws, regulations, ordinances, rules, judgments, orders, decrees, permits, concessions, grants,
franchises, licenses, agreements or governmental restrictions relating to pollution and the
protection of the environment or the release of any materials into the environment, including those
related to hazardous substances or wastes, air emissions and discharges to waste or public systems.

     “Environmental Liability” means any liability, contingent or otherwise (including any
liability for damages, costs of environmental remediation, fines, penalties or indemnities), of the
Mortgagor resulting from or based upon (a) violation of any Environmental Law, (b) the generation,
use, handling, transportation, storage, treatment or disposal of any Hazardous Materials, (c)
exposure to any Hazardous Materials, (d) the release or threatened release of any Hazardous
Materials into the environment or (e) any contract, agreement or other consensual arrangement
pursuant to which liability is assumed or imposed with respect to any of the foregoing.

     “Hazardous Substances” means all explosive or radioactive substances or wastes and all
hazardous or toxic substances, wastes or other pollutants, including petroleum or petroleum
distillates, asbestos or asbestos-containing materials, polychlorinated biphenyls, radon gas,
infectious or medical wastes and all other substances or wastes of any nature regulated pursuant to
any Environmental Law as hazardous, toxic, pollutants or contaminants or words of similar meaning
or effect.

     “Impositions” means all present or future taxes (including real estate taxes and transfer
taxes), duties, levies, imposts, deductions, assessments (including assessments for public
improvements or benefits, whether or not commenced or completed prior to the date hereof), fees
(including license fees, permit fees, inspection fees and other authorization fees), withholdings
and similar charges, gas, electricity, steam, water, sewer or other rents, rates and charges,
excises and all liabilities (including additions to tax, penalties or interest) with respect
thereto, in each case whether general or special, ordinary or extraordinary, foreseen or
unforeseen, of every character, which at any time may be assessed, levied, confirmed or imposed on
or in respect of, or be a Lien upon,

8

 

(i) the Property, any other Mortgaged Property or any interest therein, (ii) any occupancy,
use or possession of, or activity conducted on, the Property, (iii) the Rents, or (iv) the Secured
Obligations or the Collateral Documents, but excluding, in the case of each Agent and each Lender,
taxes imposed on or measured by its net income or overall gross income (including branch profits),
and franchise (and similar) taxes imposed on it in lieu of net income taxes, by the jurisdiction
(or any political subdivision thereof) under the Laws of which such Agent or such Lender, as the
case may be, is organized, is (or was, during the relevant period) doing business or maintains a
Lending Office, except to the extent that such taxes of such Agent or such Lender, as the case may
be, are imposed in whole or in part in lieu of, or as a substitute for, any taxes which are or
would otherwise be Impositions.

     “Improvements” is defined in Granting Clause II.

     “Indemnified Liabilities” is defined in Section 4.04(a).

     “Insurance Policies” means the insurance policies and coverages required to be maintained by
the Mortgagor with respect to the Property pursuant to Section 3.01.

     “Insurance Premiums” means all premiums payable under the Insurance Policies.

     “Insurance Proceeds” means, at any time, all insurance proceeds or payments to which the
Mortgagor may be or become entitled under the Insurance Policies by reason of any Casualty Event
plus all insurance proceeds and payments to which the Mortgagor may be or become entitled by reason
of any Casualty Event under any other insurance policies or coverages maintained by the Mortgagor
with respect to the Property.

     “Insurance Requirements” means all provisions of the Insurance Policies, all requirements of
the issuer of any of the Insurance Policies and all orders, rules, regulations and any other
requirements of the National Board of Fire Underwriters (or any other body exercising similar
functions) applicable to the Property, any adjoining vaults, sidewalks, parking areas or driveways,
or any use or condition thereof.

     “Land” is defined in Granting Clause I.

     “Lease” means each lease, sublease, tenancy, subtenancy, license, franchise, concession or
other occupancy agreement relating to the Property, together with any guarantee of the obligations
of the tenant thereunder or any right to possession under the Bankruptcy Code or any other
applicable Law in the

9

 

event of the rejection of any Lease by the landlord or its trustee pursuant to the Bankruptcy
Code or any other applicable Law.

     “Legal Requirements” means all provisions of the Leases, Agreements, Permitted Encumbrances,
Permits and all provisions of applicable Law (including Environmental Laws) now or hereafter
applicable to the Property, or any use or condition thereof.

     “Mortgage” is defined in the Preamble.

     “Mortgaged Property” is defined in the Granting Clauses.

     “Mortgagee” is defined in the Preamble.

     “Mortgagor” is defined in the Preamble.

     “Permits” is defined in Granting Clause VIII.

     “Permitted Encumbrances” means the Liens described on Exhibit B.

     “Permitted Liens” means (i) the Lien of this Mortgage, (ii) the Permitted Encumbrances, and
(iii) any other Liens permitted under Section 7.01 of the Credit Agreement.

     “Proceeds” is defined in the Security Agreement.

     “Property” is defined in Granting Clause III.

     “Receiver” is defined in Section 5.02(a)(iv).

     “Release Conditions” means (i) all Commitments shall have been terminated; (ii) all Secured
Obligations (other than contingent indemnification obligations, Secured Hedging Obligations and
Cash Management Obligations not yet due and payable) shall have been paid in full in cash; and
(iii) all Letters of Credit shall have expired or been terminated or there shall have been another
provision therefor in full in a manner reasonably satisfactory to the L/C Issuer.

     “Rents” is defined in Granting Clause VII.

     “Restoration” means the restoration, repair, replacement or rebuilding of the Property after a
Casualty Event or Condemnation and “Restore” means to restore, repair, replace or rebuild the
Property after a Casualty Event or Condemnation, in each case as nearly as possible to a value,
utility and condition existing immediately prior to such Casualty Event or Condemnation.

     [“Secured Loan Amount” is defined in the Recitals.]

10

 

     “Secured Obligations” is defined in the Recitals.

     “Security Deposit” means any payment, note, letter of credit or other security or deposit made
or given by or on behalf of a tenant under a Lease as security for the performance of its
obligations thereunder, and any interest accrued thereon.

     “Transfer” means, when used as a noun, any sale, transfer, assignment, lease, or other
disposition and, when used as a verb, to sell, transfer, assign, lease, or otherwise dispose of, in
each case (i) whether voluntary or involuntary, (ii) whether direct or indirect and (iii) including
any agreement providing for a Transfer or granting any right or option providing for a Transfer.

     “Unavoidable Delays” means delays due to acts of God, fire, flood, earthquake, explosion or
other Casualty Event, inability to procure or shortage of labor, equipment, facilities, sources of
energy (including electricity, steam, gas or gasoline), materials or supplies, failure of
transportation, strikes, lockouts, action of labor unions, Condemnation, litigation relating to
Legal Requirements, inability to obtain Permits or other causes beyond the reasonable control of
the Mortgagor, provided that lack of funds shall not be deemed to be a cause beyond the control of
the Mortgagor.

     “UCC” means the Uniform Commercial Code as in effect in the State in which the Mortgaged
Property is located, provided that if by reason of mandatory provisions of law, the perfection or
the effect of perfection or non-perfection or the priority of the Lien of this Mortgage is governed
by the Uniform Commercial Code as in effect in a jurisdiction other than the State in which the
Mortgaged Property is located, “Uniform Commercial Code” means the Uniform Commercial Code as in
effect in such other jurisdiction for purposes of the provisions hereof relating to such
perfection, effect of perfection or non-perfection or priority.

     (c) In this Mortgage, unless otherwise specified, references to this Mortgage, the Credit
Agreement, Notes, Subsidiary Guaranty, Security Agreement, Loan Documents, Collateral Documents,
Letters of Credit, Leases, Permits and Agreements include all subsequent amendments, restatements,
extensions, supplements and other modifications thereto, but only to the extent that such
amendments, restatements, extensions, supplements and other modifications are not prohibited by any
Loan Document.

     Section 1.02. Interpretation. In this Mortgage, unless otherwise specified: (a) singular
words include the plural and plural words include the singular; (b) words which include a number of
constituent parts, things or elements, including the terms Leases, Improvements, Land, Secured
Obligations, Property and Mortgaged Property, shall be construed as referring separately to

11

 

each constituent part, thing or element thereof, as well as to all of such constituent parts,
things or elements as a whole; (c) words importing any gender include the other genders; (d)
references to any Person include such Person’s successors and permitted assigns and in the case of
an individual, the word “successors” includes such Person’s heirs, devisees, legatees, executors,
administrators and personal representatives; (e) references to any statute or other law include all
applicable rules, regulations and orders adopted or made thereunder and all statutes or other laws
amending, consolidating or replacing the statute or law referred to; (f) the words “consent”,
“approve”, “agree” and “request”, and derivations thereof or words of similar import, mean the
prior written consent, approval, agreement or request of the Person in question; (g) the words
“include” and “including”, and words of similar import, shall be deemed to be followed by the words
“without limitation”; (h) the words “hereto”, “herein”, “hereof” and “hereunder”, and words of
similar import, refer to this Mortgage in its entirety; (i) references to Articles, Sections,
Schedules, Exhibits, subsections, paragraphs and clauses are to the Articles, Sections, Schedules,
Exhibits, subsections, paragraphs and clauses of this Mortgage; (j) the Schedules and Exhibits to
this Mortgage are incorporated herein by reference; (k) the titles and headings of Articles,
Sections, Schedules, Exhibits, subsections, paragraphs and clauses are inserted as a matter of
convenience and shall not affect the construction of this Mortgage; (l) all obligations of the
Mortgagor hereunder shall be satisfied by the Mortgagor at the Mortgagor’s sole cost and expense;
and (m) all rights and powers granted to the Mortgagee hereunder shall be deemed to be coupled with
an interest and be irrevocable.

     Section 1.03. Resolution of Drafting Ambiguities. The Mortgagor acknowledges that it was
represented by counsel in connection with this Mortgage, that it and its counsel reviewed and
participated in the preparation and negotiation of this Mortgage and that any rule of construction
to the effect that ambiguities are to be resolved against the drafting party or the Mortgagee shall
not be employed in the interpretation of this Mortgage.

ARTICLE 2

Certain Representations, Warranties And Covenants

     Section 2.01. Title, Authority and Effectiveness. (a) The Mortgagor represents and warrants
that (i) the Mortgagor has good and marketable title to the fee simple interest in the Land and the
Improvements, free and clear of all Liens other than the Permitted Encumbrances; (ii) the Mortgagor
is the owner of, or has a valid leasehold interest in, the Equipment and all other items
constituting the Mortgaged Property, in each case free and clear of all Liens other than the
Permitted Encumbrances; (iii) the Permitted Encumbrances do not materially interfere with the use,
enjoyment or operation of the Mortgaged Property or

12

 

materially and adversely affect the value thereof; (iv) the Improvements located on the Land
do not materially interfere with any of the Permitted Encumbrances; (v) the execution, delivery and
performance by the Mortgagor of this Mortgage are within the Mortgagor’s corporate power, have been
duly authorized by all necessary corporate and, if required, stockholder action, require no consent
or approval of, registration or filing with, or other action by, any governmental authority (except
for the recording or filing of this Mortgage and UCC financing statements) and do not violate any
applicable Law or regulation or the charter, by-laws or other organizational documents of the
Mortgagor or any order of any governmental authority, will not violate or result in a default under
any indenture, agreement or other instrument binding upon the Mortgagor or its assets, or give rise
to a right thereunder to require any payment to be made by the Mortgagor, and will not result in
the creation or imposition of any Lien on any asset of the Mortgagor (other than the Lien of this
Mortgage on the Mortgaged Property); and (vi) this Mortgage constitutes a valid, binding and
enforceable agreement of the Mortgagor, enforceable in accordance with its terms, except as the
enforceability thereof may be limited by bankruptcy, insolvency, reorganization or moratorium or
other similar laws relating to the enforcement of creditors’ rights generally and by general
equitable principles.

     (b) The Mortgagor shall cause the warranties in subsection (a) of this Section to be true and
correct in each and every respect; and forever preserve, protect, warrant and defend (i) its
estate, right, title and interest in and to the Mortgaged Property, (ii) the validity,
enforceability and priority of the Lien of this Mortgage on the Mortgaged Property, and (iii) the
right, title and interest of the Mortgagee and any purchaser at any sale of the Mortgaged Property
hereunder or relating hereto, in each case, against all other Liens and claims whatsoever, subject
only to the Permitted Encumbrances.

     (c) The Mortgagor, at its sole cost and expense, shall (i) upon the request of the Mortgagee,
promptly correct any defect or error which may be discovered in this Mortgage or any financing
statement or other document relating hereto; and (ii) promptly execute, acknowledge, deliver,
record and re-record, register and re-register, and file and re-file this Mortgage and any
financing statements or other documents which the Mortgagee may require from time to time (all in
form and substance reasonably satisfactory to the Mortgagee) in order to effectuate, complete,
perfect, continue or preserve (A) the Lien of this Mortgage as a first Lien on the Mortgaged
Property, whether now owned or hereafter acquired, subject only to the Permitted Encumbrances, or
(B) any right, power or privilege granted or intended to be granted to the Mortgagee hereunder or
otherwise accomplish the purposes of this Mortgage. To the fullest extent permitted by applicable
Law, the Mortgagor hereby authorizes the Mortgagee to file financing statements or continuation
statements without the Mortgagor’s signature appearing thereon. The Mortgagor shall pay on demand
the costs of, or

13

 

incidental to, any recording or filing of any financing or continuation statement, or
amendment thereto, concerning the Mortgaged Property.

     (d) Upon the recording of this Mortgage in the appropriate county recording offices, the Lien
of this Mortgage on the Mortgaged Property constituting real property and fixtures granted hereby
shall be a perfected first Lien on such Mortgaged Property (including fixtures) prior to all Liens
on and security interests in such Property other than the Permitted Encumbrances.

     (e) Nothing herein shall be construed to subordinate the Lien of this Mortgage to any
Permitted Lien to which the Lien of this Mortgage is not otherwise subordinate.

     Section 2.02. Impositions. The Mortgagor shall (a) duly and punctually pay all Impositions
prior to the due date thereof other than Impositions that are not overdue by more than 30 days or
being contested in good faith by appropriate proceedings diligently conducted and for which
adequate reserves have been provided in accordance with GAAP; (b) duly and punctually file all
returns and other statements required to be filed with respect to any Imposition prior to the due
date thereof; (c) promptly notify the Mortgagee of the receipt by the Mortgagor of any notice of
default in the payment of any Imposition or in the filing of any return or other statement relating
to any Imposition and simultaneously furnish to the Mortgagee a copy of such notice of default; and
(d) not make any deduction from or claim any credit on any Secured Obligation by reason of any
Imposition and, to the extent permitted under Legal Requirements, hereby irrevocably waives any
right to do so.

     Section 2.03. Legal and Insurance Requirements. (a) The Mortgagor represents and warrants
that (i) as of the date hereof, the Property and the use and operation thereof comply with all
Legal Requirements and Insurance Requirements; (ii) there is no default under any Legal Requirement
or Insurance Requirement; and (iii) the execution, delivery and performance of this Mortgage will
not contravene any provision of or constitute a default under any Legal Requirement or Insurance
Requirement.

     (b) The Mortgagor shall (i) duly and punctually comply with all Legal Requirements and
Insurance Requirements other than any Legal Requirement or Insurance Requirement that is being
contested in good faith by appropriate proceedings; (ii) procure, maintain and duly and punctually
comply with all Permits required for any construction, reconstruction, repair, alteration,
addition, improvement, maintenance, management, use and operation of the Property as then conducted
other than any Permit that is being contested in good faith by appropriate proceedings; (iii)
promptly notify the Mortgagee of the receipt by the Mortgagor of any notice of default regarding
any Legal Requirement or Insurance Requirement or any possible or actual termination of any Permit
or Insurance

14

 

Policy and furnish to the Mortgagee a copy of such notice of default or termination; (iv)
promptly after obtaining knowledge thereof notify the Mortgagee of any condition which, with or
without the giving of notice or the passage of time or both, would constitute a default regarding
any Legal Requirement or Insurance Requirement or a termination of any Permit or Insurance Policy
and the action being taken to remedy such condition; and (v) upon request, promptly furnish to the
Mortgagee a copy of any Permit obtained by the Mortgagor with respect to the Property after the
date hereof.

     Section 2.04. Status and Care of the Property. (a) The Mortgagor represents and warrants
that (i) the Property is served by all necessary water, sanitary and storm sewer, drainage,
electric, steam, gas, telephone and other utility facilities, which facilities have capabilities
sufficient to serve the current use and operation of the Property; and (ii) the Property has legal
access to all streets or roads necessary for the use and operation of the Property, including as
appropriate access over properly granted, perpetual, private easements, rights of way or
servitudes that are specifically included in the Mortgaged Property.

     (b) The Mortgagor shall (i) not cause or permit the Property to be misused, wasted,
disfigured, or to deteriorate (except, in the case of deterioration, ordinary wear and tear); (ii)
use and operate the Property, or cause the same to be used and operated, for substantially the same
uses and purposes as they are used and operated as of the date hereof; (iii) operate and maintain
the Property, or cause the same to be operated and maintained, in good working order and condition,
ordinary wear and tear excepted and casualty and condemnation excepted; (iv) subject to Unavoidable
Delays and the terms of the Credit Agreement, promptly make, or cause to be made, all Restorations
of and to the Property, whether interior or exterior, structural or nonstructural, foreseen or
unforeseen, which may be necessary or appropriate to keep the Property in good order, repair and
condition in accordance with prudent industry practice; (v) not initiate or affirmatively support
any change in the applicable zoning materially adversely affecting the Property, seek any variance
(or any change in any variance) under the zoning materially adversely affecting the Property,
execute or file any subdivision or other plat or map materially adversely affecting the Property or
consent to any of the foregoing; and (vi) promptly after receiving notice or obtaining knowledge of
any proposed change in the zoning adversely affecting the Property which would result in the
current use of such Property being a non-conforming use, notify the Mortgagee thereof and, if
requested by the Mortgagee, diligently contest the same by any action or proceeding deemed
appropriate by the Mortgagor or requested by the Mortgagee.

     Section 2.05. Liens. The Mortgagor shall not create or permit to be created or to remain,
and shall immediately discharge or cause to be discharged, any Lien on the Mortgaged Property or
any interest therein, in each case (a) whether voluntarily or involuntarily created, (b) whether
directly or indirectly a

15

 

Lien thereon and (c) whether or not subordinated hereto, except Permitted Liens. The
provisions of this Section shall apply to each and every Lien (other than Permitted Liens) on the
Mortgaged Property or any interest therein, regardless of whether or not a consent to, or waiver of
a right to consent to, any other Lien thereon has been previously obtained in accordance with the
terms of the Finance Documents. Nothing herein shall obligate the Mortgagor to remove any inchoate
statutory Lien in respect of obligations not yet due and payable.

     Section 2.06. Transfers. The Mortgagor shall not Transfer, or suffer any Transfer of, the
Mortgaged Property or any part thereof or interest therein, except as permitted or contemplated by
the Credit Agreement. The provisions of this Section shall apply to each and every Transfer of the
Mortgaged Property or any interest therein, regardless of whether or not a consent to, or waiver of
a right to consent to, any other Transfer thereof has been previously obtained in accordance with
the provisions of the Finance Documents.

     Section 2.07. Credit Agreement; Certain Amounts. (a) This Mortgage is given pursuant to the
Credit Agreement. Each and every term and provision of the Credit Agreement (excluding the
governing law provisions thereof), including the rights, remedies, obligations, covenants,
conditions, agreements, indemnities, representations and warranties of the parties thereto shall be
considered as if a part of this Mortgage. The Mortgagor expressly covenants and agrees to pay when
due, and to timely perform, and to cause the other Loan Parties to pay when due, and to timely
perform, the Secured Obligations in accordance with the terms of the Finance Documents.

     (b) To the extent the representations and covenants contained in this Mortgage are more
stringent or expansive than comparable representations and covenants contained in the Credit
Agreement, the representations and covenants contained herein shall be construed to supplement the
representations and covenants in the Credit Agreement without creating a conflict or inconsistency
therewith, and the Mortgagor shall be bound by the more stringent or expansive representations and
covenants hereunder.

     (c) If the Mortgagee exercises any of its rights or remedies under this Mortgage, or if any
actions or proceedings (including any bankruptcy, insolvency or reorganization proceedings) are
commenced in which the Mortgagee is made a party and is obliged to defend or uphold or enforce this
Mortgage or the rights of the Mortgagee hereunder or the terms of any Lease, or if a condemnation
proceeding is instituted affecting the Property, the Mortgagor will pay all reasonable sums,
including reasonable attorneys’ fees and disbursements, incurred by the Mortgagee related to the
exercise of any remedy or right of the Mortgagee pursuant hereto and the reasonable expenses of any
such action or proceeding together with all statutory or other costs, disbursements and allowances,
interest thereon from the date of demand for payment thereof at the Default Rate, and

16

 

such sums and the interest thereon shall, to the extent permissible by law, be a lien on the
Mortgaged Property prior to any right, title to, interest in or claim upon the Mortgaged Property
attaching or accruing subsequent to the recording of this Mortgage and shall be secured by this
Mortgage to the extent permitted by law.

     (d) Any payment of amounts due under this Mortgage not made on or before the due date for such
payments shall accrue interest daily without notice from the due date until paid at the Default
Rate, and such interest at the Default Rate shall be immediately due upon demand by the Mortgagee.

     (e) The Mortgagor acknowledges and third parties are hereby put on notice that this Mortgage,
unless terminated by a document placed of record, will continue on a refinancing of the
indebtedness existing on the date hereof and that the Secured Obligations include all of the
obligations of the Mortgagor under the documents executed and delivered upon such a refinancing.

ARTICLE 3

Insurance, Casualty And Condemnation

     Section 3.01. Insurance. (a) The Mortgagor shall maintain in full force and effect Insurance
Policies with respect to the Property as required by, and otherwise comply with, Section 6.07 of
the Credit Agreement.

     (b) Promptly upon demand, the Mortgagor shall deliver to the Mortgagee evidence satisfactory
to Mortgagee as to whether (i) the Land is located in any area designated by the United States
Department of Housing and Urban Development as having special flood or mudslide hazards and (ii)
the area in which the Land is located is participating in the National Flood Insurance Program, as
set forth in the Flood Disaster Protection Act of 1973, as amended from time to time. If at any
time the area in which any Mortgaged Property is located is designated a “flood hazard area” in any
Flood Insurance Rate Map published by the Federal Emergency Management Agency (or any successor
agency), the Mortgagor shall obtain flood insurance in such total amount as the Mortgagee may from
time to time require, and otherwise comply with the National Flood Insurance Program.

     (c) If at any time the area in which any Mortgaged Property is located is designated a “Zone
1” area, the Mortgagor shall obtain earthquake insurance in such total amount as the Mortgagee may
from time to time require.

     (d) If the Mortgagor fails to maintain the Insurance Policies or, upon request, fails to
promptly deliver evidence thereof to the Mortgagee, the Mortgagee shall have the right, but not the
obligation, to obtain such insurance policies and pay the premiums therefor. If the Mortgagee
obtains such insurance

17

 

policies or pays the premiums therefor, upon demand, the Mortgagor shall reimburse the
Mortgagee for its expenses in connection therewith, together with interest thereon, pursuant to
Section 4.02.

     Section 3.02. Casualty Event. (a) The Mortgagor represents and warrants that, as of the date
hereof, there is no material Casualty Event affecting the Property.

     (b) In the event of any material Casualty Event, the Mortgagor shall (i) promptly give notice
thereof to the Mortgagee describing in detail reasonably satisfactory to the Mortgagee the nature
and extent of such Casualty Event, the work required to Restore the Property affected thereby and
the Mortgagor’s best estimate of the cost of such Restoration, (ii) immediately take such action as
may be necessary or appropriate to preserve the undamaged portion of such Property and to protect
against personal injury or property damage, and (iii) Restore the Property to the extent required
by Section 2.04(b)(iv).

     Section 3.03. Insurance Claims and Proceeds. In the event of any material Casualty Event,
the Mortgagor shall promptly make proof of loss under the applicable Insurance Policies and
diligently pursue to conclusion its claim for the Insurance Proceeds payable thereunder and any
suit, action or other proceeding necessary or appropriate to obtain payment of such Insurance
Proceeds. If the cost of Restoration reasonably estimated by the Mortgagor equals $2,000,000 or
more or if an Event of Default has occurred and is continuing, the Mortgagor shall have no right to
settle, and shall not settle, any claim or proceeding for any Insurance Proceeds without the
consent of the Mortgagee. All Insurance Proceeds with respect to any Casualty Event shall be held,
applied and disbursed as required by the Credit Agreement and the Security Agreement. Anything in
this Mortgage to the contrary notwithstanding, the Mortgagee shall have no obligation to release
any of the Insurance Proceeds to the Mortgagor if a Default has occurred and is continuing. If a
Default has occurred and is continuing, the Mortgagee may, in its sole discretion, apply any
Insurance Proceeds received as a result of such Casualty Event to the payment of the Secured
Obligations.

     Section 3.04. Condemnation. (a) The Mortgagor represents and warrants that, as of the date
hereof, (i) there is no Condemnation affecting the Property, (ii) there are no negotiations or
proceedings which might result in such a Condemnation, and (iii) to the knowledge of the Mortgagor,
no such Condemnation is proposed or threatened.

     (b) In the event of any Condemnation or the commencement of any negotiation or proceeding
which might result in a Condemnation, or in the event of any proposed or threatened Condemnation,
the Mortgagor shall promptly after receiving notice or obtaining knowledge thereof give notice
thereof to the

18

 

Mortgagee, describing in detail satisfactory to the Mortgagee the nature and extent of such
Condemnation, negotiation or proceeding, the action which the Mortgagor intends to take with
respect thereto, the work required to Restore the Property affected by such Condemnation and the
Mortgagor’s best estimate of the cost of such Restoration.

     Section 3.05. Condemnation Proceedings and Awards. In the event of any Condemnation or the
commencement of any negotiation or proceeding which might result in a Condemnation, or in the event
of any proposed or threatened Condemnation, the Mortgagor shall, promptly after receiving notice or
obtaining knowledge thereof, do all things deemed necessary or appropriate by the Mortgagor or
requested by the Mortgagee to preserve the Mortgagor’s interest in such Property and promptly make
claim for the Awards payable with respect thereto and diligently pursue to conclusion such claim
for such Awards and any suit, action or other proceeding necessary or appropriate to obtain payment
thereof. If the Award reasonably expected by the Mortgagor to be received equals or exceeds
$2,000,000 or if an Event of Default has occurred and is continuing, the Mortgagor shall have no
right to settle, and shall not settle, any such claim, negotiation or proceeding without the
consent of the Mortgagee. All Awards with respect to such Condemnation shall be held, applied and
disbursed as require by the Credit Agreement and the Security Agreement. Anything in this Mortgage
to the contrary notwithstanding, the Mortgagee shall have no obligation to release any of the
Awards to the Mortgagor if a Default has occurred and is continuing. If a Default has occurred and
is continuing, the Mortgagee may, in its sole discretion, apply any Awards received as a result of
such Casualty Event to the payment of the Secured Obligations.

ARTICLE 4

Certain Secured Obligations

     Section 4.01. Revolving Credit Loans. The Secured Obligations secured by this Mortgage
include Revolving Credit Loans made, and reimbursement obligations relating to Letters of Credit
issued, under the Credit Agreement in the maximum principal or face amount of $1,400,000 which are
advanced, paid and readvanced from time to time. Notwithstanding the amount outstanding at any
particular time, this Mortgage secures the total amount of Secured Obligations [up to the Secured
Loan Amount]. The unpaid balance of the Revolving Credit Loans and the unpaid balance of the
reimbursement obligations may at certain times be, or be reduced to, zero. A zero balance, by
itself, does not affect any Lender’s obligations to issue Letters of Credit or to advance Revolving
Credit Loans, or to make payments upon draws under Letters of Credit, all of which are obligatory
subject to the conditions stated in the Credit Agreement. Each of the interest of the Mortgagee
hereunder and the priority of the Lien of this Mortgage will remain

19

 

in full force and effect with respect to all of the Secured Obligations notwithstanding such a
zero balance of the Revolving Credit Loans or the reimbursement obligations, and the Lien of this
Mortgage will not be extinguished until this Mortgage has been terminated pursuant to Section 7.02.

     Section 4.02. Right to Perform Obligations. If the Mortgagor fails to pay or perform any of
its obligations hereunder or under any other Finance Document, the Mortgagee may, but without any
obligation to do so and without notice, itself to pay or perform, or cause payment or performance
of, such obligation, provided the Mortgagor is not contesting payment or performance in accordance
with Section 2.05 and further provided that no such payment or performance shall be construed to be
a cure of any Default or constitute as waiver of any Default. If pursuant to this Section 4.02,
the Mortgagee shall make any payment on behalf of the Mortgagor or shall incur hereunder any
expense for which the Mortgagee is entitled to reimbursement pursuant to the provisions of the
Finance Documents, such Secured Obligation shall be repayable on demand and shall bear interest
from the date incurred at the Default Rate. Such interest, and any other interest on the Secured
Obligations payable at the Default Rate pursuant to the terms of the Finance Documents, shall
accrue through the date paid notwithstanding any intervening judgment of foreclosure or sale. All
such interest shall be part of the Secured Obligations and shall be secured by this Mortgage.

     Section 4.03. Changes in the Laws Regarding Taxation. If after the date hereof there is
enacted any applicable Law deducting from the value of the Property for the purpose of taxation the
Lien of any Collateral Document or changing in any way the applicable Law for the taxation of
mortgages, deeds of trust or other Liens or obligations secured thereby, or the manner of
collection of such taxes, so as to adversely affect this Mortgage, the Secured Obligations, or any
Secured Party, upon demand by the Mortgagee or any other affected Secured Party and to the fullest
extent permitted under applicable Law, the Mortgagor shall pay all taxes, assessments or other
charges resulting therefrom or shall reimburse such Secured Party for all such taxes, assessments
or other charges which such Secured Party is obligated to pay as a result thereof.

     Section 4.04. Indemnity and Expenses. (a) The Mortgagor shall indemnify and hold harmless
each of the Mortgagee and each other Indemnitee from and against any and all liabilities, losses,
damages, claims and costs (including, without limitation, Attorney Costs (which shall be limited to
one (1) counsel to the Secured Parties (exclusive of one local counsel in each relevant
jurisdiction), unless (x) the interests of the Collateral Agent and the other Secured Parties are
sufficiently divergent, in which case one (1) additional counsel may be appointed and (y) if the
interests of any Secured Party or group of Secured Parties (other than all of the Secured Parties)
are distinctly or disproportionately affected, one (1) additional counsel for such Secured Party or
group of Secured Parties)) of any kind or nature whatsoever which may at any time be imposed on,
incurred by

20

 

or asserted against any such Indemnitee in any way relating to or arising out of or in
connection with (i) the execution, delivery, enforcement, performance or administration of this
Mortgage or any other agreement, letter or instrument delivered in connection with the transactions
contemplated hereby or the consummation of the transactions contemplated hereby; (ii) any actual or
alleged presence or release of Hazardous Materials on or from the Property, or any Environmental
Liability related in any way to the Property, (iii) any accident, injury to or death of persons or
loss of or damage to property occurring in, on or about the Property or any part thereof or on the
adjoining sidewalks, curbs, adjacent property or adjacent parking areas, street or ways, (iv) any
conduct or misconduct of the Mortgagor, any lessee or other occupant of any of the Property, or any
of their respective agents, contractors, subcontractors, servants, employees, licensees or
invitees, and (v) any actual or prospective claim, litigation, investigation or proceeding relating
to any of the foregoing, whether based on contract, tort or any other theory (including any
investigation of, preparation for, or defense of any pending or threatened claim, investigation,
litigation or proceeding) and regardless of whether any Indemnitee is a party thereto (all
the foregoing, collectively, the “Indemnified Liabilities”), in all cases, whether or not caused by
or arising, in whole or in part, out of the negligence of the Indemnitee; provided that such
indemnity shall not, as to any Indemnitee, be available to the extent that such liabilities,
losses, damages, claims or costs (x) have resulted from the gross negligence or willful misconduct
of such Indemnitee or breach of the Finance Documents by such Indemnitee as determined by the final
non-appealable judgment of a court of competent jurisdiction or (y) arise from claims of any of the
Secured Parties solely against one or more Secured Parties that have not resulted from any
misrepresentation, default or the breach of any Finance Document or any actual or alleged
performance or non-performance by the Mortgagor, the Borrower or one of their Subsidiaries or other
Affiliates or any of their respective officers, directors, stockholders, partners, members,
employees, agents, representatives or advisors. In the case of an investigation, litigation or
other proceeding to which the indemnity in this Section 4.04 applies, such indemnity shall be
effective whether or not such investigation, litigation or proceeding is brought by any Loan Party,
its directors, shareholders or creditors or an Indemnitee or any other Person, whether or not any
Indemnitee is otherwise a party thereto and whether or not any of the transactions contemplated
hereunder or under any of the other Finance Documents is consummated. All amounts due under this
Section 4.04 shall be paid promptly after receipt by the Mortgagor of an invoice in reasonable
detail. The agreements in this Section 4.04 shall survive the resignation of the Mortgagee, the
replacement of any Lender, the termination of the Aggregate Commitments, the repayment,
satisfaction or discharge of all the other Secured Obligations, the termination of the security
interests created hereunder and the release of the Liens created hereunder on all or any portion of
the Mortgaged Property.

21

 

     (b) Mortgagor shall upon demand pay to the Mortgagee the amount of any and all reasonable
out-of-pocket expenses, including the reasonable fees and expenses of its counsel (which shall be
limited to one (1) counsel (exclusive of one local counsel in each relevant jurisdiction)) and of
any experts and agents, that the Mortgagee may incur in connection with (i) the custody,
preservation, use or operation of, or the sale of, collection from or other realization upon, any
of the Mortgaged Property or (ii) the exercise or enforcement of any of the rights of the Mortgagee
or the other Secured Parties hereunder.

ARTICLE 5

Defaults, Remedies and Rights

     Section 5.01. Events of Default. (a) Any Event of Default under the Credit Agreement shall
constitute an Event of Default hereunder.

     (b) All notice and cure periods provided in the Credit Agreement and the other Loan Documents
shall run concurrently with any notice or cure periods provided under applicable Law.

     Section 5.02. Remedies. (a) If any Event of Default has occurred and is continuing, the
Mortgagee shall have the right and power to exercise any of the following remedies and rights,
subject to mandatory provisions of applicable Law, whether or not the maturity of the Secured
Obligations has been accelerated, to wit:

     (i) to institute a proceeding or proceedings, by advertisement, judicial process or
otherwise as provided under applicable Law, for the complete or partial foreclosure of
this Mortgage or the complete or partial sale of the Mortgaged Property under the power of
sale hereunder or under any applicable provision of law; or

     (ii) to sell the Mortgaged Property, and all estate, right, title, interest, claim
and demand of the Mortgagor therein and thereto, and all rights of redemption thereof, at
one or more sales, as an entirety or in parcels, with such elements of real or personal
property, at such time and place and upon such terms as the Mortgagee may deem expedient
or as may be required under applicable Law, and in the event of a sale hereunder or under
any applicable provision of Law of less than all of the Mortgaged Property, this Mortgage
shall continue as a Lien on the remaining Mortgaged Property [up to the remaining balance
of the Secured Loan Amount]; or

     (iii) to institute a suit, action or proceeding for the specific performance of any
of the provisions of this Mortgage; or

22

 

     (iv) to be entitled to the appointment of a receiver, supervisor, trustee,
liquidator, conservator or other custodian (a “Receiver”) of the Mortgaged Property,
without notice to Mortgagor, to the fullest extent permitted by Law, as a matter of right
and without regard to, or the necessity to disprove, the adequacy of the security for the
Secured Obligations or the solvency of the Mortgagor or any other Loan Party, and the
Mortgagor hereby, to the fullest extent permitted by applicable Law, irrevocably waives
such necessity and consents to such appointment, without notice, said appointee to be
vested with the fullest powers permitted under applicable Law, including to the fullest
extent permitted under applicable Law those under Section 5.02(a)(v); or

     (v) to enter upon the Property, by the Mortgagee or a Receiver (whichever is the
Person exercising the rights under this clause), and, to the extent permitted under
applicable Law, exclude the Mortgagor and its managers, employees, contractors, agents and
other representatives therefrom in accordance with applicable Law, without liability for
trespass, damages or otherwise, and take possession of all other Mortgaged Property and
all books, records and accounts relating thereto, and upon demand the Mortgagor shall
surrender possession of the Property, the other Mortgaged Property and such books, records
and accounts to the Person exercising the rights under this clause after the occurrence of
any Event of Default; and having and holding the same, the Person exercising the rights
under this clause may use, operate, manage, preserve, control and otherwise deal therewith
and conduct the business thereof, either personally or by its managers, employees,
contractors, agents or other representatives, without interference from the Mortgagor or
its managers, employees, contractors, agents and other representatives; and, upon each
such entry and from time to time thereafter, at the expense of the Mortgagor and the
Mortgaged Property, without interference by the Mortgagor or its managers, employees,
contractors, agents and other representatives, the Person exercising the rights under this
clause may, as such Person deems expedient, (A) insure or reinsure the Property, (B) make
all necessary or proper repairs, renewals, replacements, alterations, additions,
Restorations, betterments and improvements to the Property and (C) in such Person’s own
name or, at the option of such Person, in the Mortgagor’s name, exercise all rights,
powers and privileges of the Mortgagor with respect to the Mortgaged Property, including
the right to enter into Leases with respect to the Property, including Leases extending
beyond the time of possession by the Person exercising the rights under this clause; and
the Person exercising the rights under this clause shall not be liable to account for any
action taken hereunder, other than for Rents actually received by such Person, and shall
not be liable for any loss sustained by the Mortgagor resulting from any failure to let
the Property or

23

 

from any other act or omission of such Person, except to the extent such loss is
caused by such Person’s own willful misconduct or gross negligence; or

     (vi) with or, to the fullest extent permitted by applicable Law, without entry upon
the Property, in the name of the Mortgagee or a Receiver (as required by Law and whichever
is the Person exercising the rights under this clause) or, at such Person’s option, in the
name of the Mortgagor, to collect, receive, sue for and recover all Rents and proceeds of
or derived from the Mortgaged Property, and after deducting therefrom all costs, expenses
and liabilities of every character incurred by the Person exercising the rights under this
clause in collecting the same and in using, operating, managing, preserving and
controlling the Mortgaged Property and otherwise in exercising the rights under Section
5.02(a)(v) or any other rights hereunder, including all amounts necessary to pay
Impositions, Rents, Insurance Premiums and other costs, expenses and liabilities relating
to the Property, as well as compensation for the services of such Person and its managers,
employees, contractors, agents or other representatives, to apply the remainder as
provided in Section 5.06; or

     (vii) to take any action with respect to any Mortgaged Property permitted under the
UCC; or

     (viii) to take any other action, or pursue any other remedy or right, as the
Mortgagee may have under applicable Law, and the Mortgagor does hereby grant the same to
the Mortgagee; or

     (ix) to exercise any statutory power of sale; or

     (x) to declare all sums secured hereby to be immediately due and payable, without
presentment, demand, notice of any kind, protest or notice of protest, all of which are
expressly waived.

     (b) To the fullest extent permitted by applicable Law,

     (i) each remedy or right hereunder shall be in addition to, and not exclusive or in
limitation of, any other remedy or right hereunder, under any other Finance Document or
under applicable Law;

     (ii) every remedy or right hereunder, under any other Finance Document or under
applicable Law may be exercised concurrently or independently and whenever and as often as
deemed appropriate by the Mortgagee;

     (iii) no failure to exercise or delay in exercising any remedy or right hereunder,
under any other Finance Document or under applicable

24

 

Law shall be construed as a waiver of any Default hereunder or under any other
Finance Document;

     (iv) no waiver of, failure to exercise or delay in exercising any remedy or right
hereunder, under any other Finance Document or under applicable Law upon any Default
hereunder or under any other Finance Document shall be construed as a waiver of, or
otherwise limit the exercise of, such remedy or right upon any other or subsequent Default
hereunder or under any other Finance Document;

     (v) no single or partial exercise of any remedy or right hereunder, under any other
Finance Document or under applicable Law upon any Default hereunder or under any other
Finance Document shall preclude or otherwise limit the exercise of any other remedy or
right hereunder, under any other Finance Document or under applicable Law upon such
Default or upon any other or subsequent Default hereunder or under any other Finance
Document;

     (vi) the acceptance by the Mortgagee or any other Secured Party of any payment less
than the amount of the Secured Obligation in question shall be deemed to be an acceptance
on account only and shall not be construed as a waiver of any Default hereunder or under
any other Finance Document with respect thereto; and

     (vii) the acceptance by the Mortgagee or any other Secured Party of any payment of,
or on account of, any Secured Obligation shall not be deemed to be a waiver of any Default
hereunder or under any other Finance Document with respect to any other Secured
Obligation.

     (c) If the Mortgagee has proceeded to enforce any remedy or right hereunder or with respect
hereto by foreclosure, sale, entry or otherwise, it may compromise, discontinue or abandon such
proceeding for any reason without notice to the Mortgagor or any other Person (other than other
Secured Parties as may be required by the other Finance Documents), and, in the event that any such
proceeding shall be discontinued, abandoned or determined adversely for any reason, the Mortgagor
and the Mortgagee shall retain and be restored to their former positions and rights hereunder with
respect to the Mortgaged Property, subject to the Lien hereof except to the extent any such adverse
determination specifically provides to the contrary.

     (d) For the purpose of carrying out any provisions of Section 2.01(c), 4.02, 5.02(a)(v),
5.02(a)(vi), 5.05 or 5.07 or any other provision hereunder authorizing the Mortgagee or any other
Person to perform any action on behalf of the Mortgagor, the Mortgagor hereby irrevocably appoints
the Mortgagee or a Receiver appointed pursuant to Section 5.02(a)(vi) or such other Person (as the

25

 

case may be as the Person appointed under this subsection) as the attorney-in-fact of the
Mortgagor (with a power to substitute any other Person in its place as such attorney-in-fact) to
act in the name of the Mortgagor or, at the option of the Person appointed to act under this
subsection, in such Person’s own name, to take the action authorized under Section 2.01(c), 4.02,
5.02(a)(v), 5.02(a)(vi), 5.05 or 5.07 or such other provision, and to execute, acknowledge and
deliver any document in connection therewith or to take any other action incidental thereto as the
Person appointed to act under this subsection shall deem appropriate in its discretion; and the
Mortgagor hereby irrevocably authorizes and directs any other Person to rely and act on behalf of
the foregoing appointment and a certificate of the Person appointed to act under this subsection
that such Person is authorized to act under this subsection.

     Section 5.03. Waivers by the Mortgagor. To the fullest extent permitted under applicable
Law, the Mortgagor shall not assert, and hereby irrevocably waives, any right or defense the
Mortgagor may have under any statute or rule of law or equity now or hereafter in effect relating
to (a) appraisement, valuation, homestead exemption, extension, moratorium, stay, statute of
limitations, redemption, marshalling of the Mortgaged Property or the other assets of the
Mortgagor, sale of the Mortgaged Property in any order or notice of deficiency or intention to
accelerate any Secured Obligation; (b) impairment of any right of subrogation or reimbursement; (c)
any requirement that at any time any action must be taken against any other Person, any portion of
the Mortgaged Property or any other asset of the Mortgagor or any other Person; (d) any provision
barring or limiting the right of the Mortgagee to sell any Mortgaged Property after any other sale
of any other Mortgaged Property or any other action against the Mortgagor or any other Person; (e)
any provision barring or limiting the recovery by the Mortgagee of a deficiency after any sale of
the Mortgaged Property; (f) any other provision of applicable Law which might defeat, limit or
adversely affect any right or remedy of the Mortgagee or other Secured Parties under or with
respect to this Mortgage or any other Collateral Document as it relates to any Mortgaged Property;
or (g) the right of the Mortgagee to foreclose this Mortgage in its own name on behalf of all of
the Secured Parties by judicial action as the real party in interest without the necessity of
joining any other Secured Party.

     Section 5.04. Jurisdiction and Process. (a) To the extent permitted under applicable Law, in
any suit, action or proceeding arising out of or relating to this Mortgage or any other Collateral
Document as it relates to any Mortgaged Property, the Mortgagor irrevocably consents to (i) the
jurisdiction of any state or federal court sitting in the State in which the Property is located
and irrevocably waives any defense or objection which it may now or hereafter have to the
jurisdiction of such court or the venue of such court for or the convenience of such court as the
forum for any such suit, action or proceeding, and (ii) the service of (A) any process in any such
suit, action or proceeding, or (B) any notice relating to any sale, or the exercise of any other
remedy by the Mortgagee

26

 

hereunder by sending a copy of such process or notice by prepaid overnight courier or United
States registered or certified mail, postage prepaid, return receipt requested to the Mortgagor at
its address specified in or pursuant to Section 7.03, such service to be effective when received at
the address specified or when delivery at such address is refused.

     (b) Nothing in this Section shall affect the right of the Mortgagee to bring any suit, action
or proceeding arising out of or relating to this Mortgage or any other Collateral Document in any
court having jurisdiction under the provisions of any other Collateral Document or applicable Law
or to serve any process, notice of sale or other notice in any manner permitted by any other
Collateral Document or applicable Law.

     Section 5.05. Sales. Except as otherwise provided herein, to the fullest extent permitted
under applicable Law, at the election of the Mortgagee, the following provisions shall apply to any
sale of the Mortgaged Property hereunder, whether made pursuant to the power of sale hereunder, any
judicial proceeding or any judgment or decree of foreclosure or sale or otherwise:

     (a) The Mortgagee or the court officer (whichever is the Person conducting any sale) may
conduct any number of sales from time to time. The power of sale hereunder shall not be exhausted
by any sale as to any part or parcel of the Mortgaged Property which is not sold, unless and until
the Secured Obligations shall have been paid in full, and shall not be exhausted or impaired by any
sale which is not completed or is defective. Any sale may be as a whole or in part or parcels and
as provided in Section 5.03, the Mortgagor has thereby waived its right to direct the order in
which the Mortgaged Property or any part or parcel thereof is sold.

     (b) Any sale may be postponed or adjourned by public announcement at the time and place
appointed for such sale or for such postponed or adjourned sale without further notice.

     (c) After each sale, the Person conducting such sale shall execute and deliver to the
purchaser or purchasers at such sale a good and sufficient instrument or instruments granting,
conveying, assigning and transferring all right, title and interest of the Mortgagor in and to the
Mortgaged Property sold and shall receive the proceeds of such sale [up to the Secured Loan Amount]
and apply the same as provided in . The Mortgagor hereby irrevocably appoints the Person
conducting such sale as the attorney-in-fact of the Mortgagor (with full power to substitute any
other Person in its place as such attorney-in-fact) to act in the name of the Mortgagor or, at the
option of the Person conducting such sale, in such Person’s own name, to make without warranty by
such Person any conveyance, assignment, transfer or delivery of the Mortgaged Property sold, and to
execute, acknowledge and deliver any instrument of conveyance, assignment,

27

 

transfer or delivery or other document in connection therewith or to take any other action
incidental thereto, as the Person conducting such sale shall deem appropriate in its discretion;
and the Mortgagor hereby irrevocably authorizes and directs any other Person to rely and act upon
the foregoing appointment and a certificate of the Person conducting such sale that such Person is
authorized to act hereunder. Nevertheless, upon the request of such attorney-in-fact the Mortgagor
shall promptly execute, acknowledge and deliver any documentation which such attorney-in-fact may
require for the purpose of ratifying, confirming or effectuating the powers granted hereby or any
such conveyance, assignment, transfer or delivery by such attorney-in-fact.

     (d) Any statement of fact or other recital made in any instrument referred to in Section
5.05(c) given by the Person conducting any sale as to the nonpayment of any Secured Obligation, the
occurrence of any Event of Default, the amount of the Secured Obligations due and payable, the
request to the Mortgagee to sell, the notice of the time, place and terms of sale and of the
Mortgaged Property to be sold having been duly given, the refusal, failure or inability of the
Mortgagee to act, the appointment of any substitute or successor agent, any other act or thing
having been duly done by the Mortgagor, the Mortgagee or any other such Person, shall be taken as
conclusive and binding against all other Persons as evidence of the truth of the facts so stated or
recited. The Person conducting any sale may appoint or delegate any other Person as agent to
perform any act necessary or incident to such sale, including the posting of notices and the
conduct of such sale, but in the name and on behalf of the Person conducting such sale.

     (e) The receipt by the Person conducting any sale of the purchase money paid at such sale
shall be sufficient discharge therefor to any purchaser of any Mortgaged Property sold, and no such
purchaser, or its representatives, grantees or assigns, after paying such purchase price and
receiving such receipt, shall be bound to see to the application of such purchase price or any part
thereof upon or for any trust or purpose of this Mortgage or, in any manner whatsoever, be
answerable for any loss, misapplication or nonapplication of any such purchase money or be bound to
inquire as to the authorization, necessity, expediency or regularity of such sale.

     (f) Subject to mandatory provisions of applicable Law, any sale shall operate to divest all of
the estate, right, title, interest, claim and demand whatsoever, whether at law or in equity, of
the Mortgagor in and to the Mortgaged Property sold, and shall be a perpetual bar both at law and
in equity against the Mortgagor and any and all Persons claiming such Mortgaged Property or any
interest therein by, through or under the Mortgagor.

     (g) At any sale, the Mortgagee may bid for and acquire the Mortgaged Property sold and, in
lieu of paying cash therefor, may make settlement for the

28

 

purchase price by causing the Secured Parties to credit against the Secured Obligations,
including the expenses of the sale and the cost of any enforcement proceeding hereunder, the amount
of the bid made therefor to the extent necessary to satisfy such bid.

     (h) If the Mortgagor or any Person claiming by, through or under the Mortgagor shall transfer
or fail to surrender possession of the Mortgaged Property, after the exercise by the Mortgagee of
the Mortgagee’s remedies under Section 5.02(a)(v) or after any sale of the Mortgaged Property
pursuant hereto, then the Mortgagor or such Person shall be deemed a tenant at sufferance of the
purchaser at such sale, subject to eviction by means of summary process for possession of land, or
subject to any other right or remedy available hereunder or under applicable Law.

     (i) Upon any sale, it shall not be necessary for the Person conducting such sale to have any
Mortgaged Property being sold present or constructively in its possession.

     (j) If a sale hereunder shall be commenced by the Mortgagee, the Mortgagee may at any time
before the sale abandon the sale, and may institute suit for the collection of the Secured
Obligations or for the foreclosure of this Mortgage; or if the Mortgagee should institute a suit
for collection of the Secured Obligations or the foreclosure of this Mortgage, the Mortgagee may at
any time before the entry of final judgment in said suit dismiss the same and sell the Mortgaged
Property in accordance with the provisions of this Mortgage.

     Section 5.06. Proceeds. Except as otherwise provided herein or required under applicable
Law, the proceeds of any sale of the Mortgaged Property hereunder [up to the Secured Loan Amount],
whether made pursuant to the power of sale hereunder, any judicial proceeding or any judgment or
decree of foreclosure or sale or otherwise shall be applied in the order of priorities set forth in
Section 8.03 of the Credit Agreement.

     Section 5.07. Assignment of Leases. (a) Subject to paragraph 5.07(d) below, the assignments
of the Leases and the Rents under Granting Clauses VI and VII are and shall be present, absolute
and irrevocable assignments by the Mortgagor to the Mortgagee and, subject to the license to the
Mortgagor under Section 5.07(b), the Mortgagee or a Receiver appointed pursuant to Section
5.02(a)(iv) (as the case may be as the Person exercising the rights under this Section) shall have
the absolute, immediate and continuing right to collect and receive all Rents now or hereafter,
including during any period of redemption, accruing with respect to the Property. At the request
of the Mortgagee or such Receiver, the Mortgagor shall promptly execute, acknowledge, deliver,
record, register and file any additional general assignment of the Leases or specific assignment of
any Lease which the Mortgagee or such Receiver may require from

29

 

time to time (all in form and substance satisfactory to the Mortgagee or such Receiver) to
effectuate, complete, perfect, continue or preserve the assignments of the Leases and the Rents
under Granting Clauses VI and VII. Neither the acceptance hereof nor the exercise of the rights
and remedies hereunder nor any other action on the part of the Mortgagee or any Person exercising
the rights of the Mortgagee hereunder shall be construed to be an assumption by the Mortgagee or
any such Person of, or to otherwise make the Mortgagee or such Person liable or responsible for,
any of the obligations of the Mortgagor under or with respect to the Leases or for any Rent,
Security Deposit or other amount delivered to the Mortgagor, provided that the Mortgagee or any
such Person exercising the rights of the Mortgagee hereunder shall be accountable as provided in
Section 5.07(c) for any Rents, Security Deposits or other amounts actually received by the
Mortgagee or such Person, as the case may be. Neither the acceptance hereof nor the exercise of
the rights and remedies hereunder nor any other action on the part of the Mortgagee or any Person
exercising the rights of the Mortgagee hereunder shall be construed to obligate the Mortgagee or
any such Person to take any action under or with respect to the Leases or with respect to the
Property, to incur any expense or perform or discharge any duty or obligation under or with respect
to the Leases or with respect to the Property, to appear in or defend any action or proceeding
relating to the Leases or the Property, to constitute the Mortgagee as a mortgagee in possession
(unless the assignee hereunder actually enters and takes possession of the Property), or to be
liable in any way for any injury or damage to person or property sustained by any Person in or
about the Property other than to the extent caused by the willful misconduct or gross negligence of
the Mortgagee or any Person exercising the rights of the Mortgagee hereunder.

     (b) In the absence of an Event of Default, the Mortgagor shall have a license granted hereby
to collect and receive all Rents and apply the same subject to the provisions of the Loan
Documents. This license shall terminate, at the option of the Mortgagee, upon the occurrence of an
Event of Default.

     (c) If any Event of Default has occurred and is continuing, the Mortgagee or a Receiver
appointed pursuant to Section 5.02(a)(iv) (as the case may be as the Person exercising the rights
under this Section) shall have the right to terminate the license granted under Section 5.07(b) by
notice to the Mortgagor and to exercise the rights and remedies provided under Section 5.07(a),
under Section 5.02(a)(v) and Section 5.02(a)(vi) or under applicable Law. If an Event of Default
is continuing, upon demand by the Person exercising the rights under this Section, the Mortgagor
shall promptly pay to such Person all Security Deposits under the Leases and all Rents allocable to
any period after the occurrence of such Event of Default. Subject to Section 5.02(a)(v) and
Section 5.02(a)(vi) and any applicable requirement of law, any Rents received hereunder by such
Receiver shall be promptly paid to the Mortgagee, and any Rents received hereunder by the Mortgagee
shall be deposited in the Collateral Account, to be

30

 

held, applied and disbursed as provided in the Security Agreement, provided that, subject to
Section 5.02(a)(v) and Section 5.02(a)(vi) and any applicable requirement of law, any Security
Deposits actually received by such Receiver shall be promptly paid to the Mortgagee, and any
Security Deposits actually received by the Mortgagee shall be held, applied and disbursed as
provided in the applicable Leases and applicable Law.

     (d) Nothing herein shall be construed to be an assumption by the Person exercising the rights
under this Section, or otherwise to make such Person liable for the performance, of any of the
obligations of the Mortgagor under the Leases, provided that such Person shall be accountable as
provided in Section 5.07(c) for any Rents or Security Deposits actually received by such Person.

     Section 5.08. Dealing with the Mortgaged Property. Subject to Section 7.02, the Mortgagee
shall have the right to release any portion of the Mortgaged Property to or at the request of the
Mortgagor, for such consideration as the Mortgagee may require without, as to the remainder of the
Mortgaged Property, in any way impairing or affecting the Lien or priority of this Mortgage, or
improving the position of any subordinate lienholder with respect thereto, or the position of any
guarantor, endorser, co-maker or other obligor of the Secured Obligations, except to the extent
that the Secured Obligations shall have been reduced by any actual monetary consideration received
for such release and applied to the Secured Obligations, and may accept by assignment, pledge or
otherwise any other property in place thereof as the Mortgagee may require without being
accountable therefor to any other lienholder.

     Section 5.09. Information and Right of Entry. (a) Upon reasonable request by the Mortgagee,
the Mortgagor shall deliver to the Mortgagee promptly after such request or, if requested by the
Mortgagee, on a continuing or periodic basis, any information, certificates and documents with
respect to the matters referred to in this Mortgage as the Mortgagor shall reasonably request.

     (b) The Mortgagee and the representatives of the Mortgagee shall have the right, (i) without
notice, if any Event of Default has occurred and is continuing, (ii) with simultaneous notice, if
any payment or performance is necessary in the opinion of the Mortgagee to preserve the Mortgagee’s
rights under this Mortgage or with respect to the Mortgaged Property, or (iii) after reasonable
notice, in all other cases, to enter upon the Property at reasonable times, and with reasonable
frequency, to inspect the Mortgaged Property or, subject to the provisions hereof, to exercise any
right, power or remedy of the Mortgagee hereunder, provided that any Person so entering the
Property shall not unreasonably interfere with the ordinary conduct of the Mortgagor’s business,
and provided further that no such entry on the Property, for the purpose of performing obligations
under Section 4.02 or for any other purpose, shall be construed to be (x) possession of the
Property by such Person or to constitute such Person as a

31

 

mortgagee in possession, unless such Person exercises its right to take possession of the
Property under Section 5.02(a)(v), or (y) a cure of any Default or waiver of any Default.

ARTICLE 6

Security Agreement And Fixture Filing

     Section 6.01. Security Agreement. (a) To the extent that the Mortgaged Property constitutes
or includes personal property and equipment, including goods or items of personal property or
equipment which are or are to become fixtures under applicable Law, the Mortgagor hereby grants a
security interest therein (and any Proceeds thereof) and this Mortgage shall also be construed as a
pledge and a security agreement under the UCC; and, if an Event of Default has occurred and is
continuing, the Mortgagee shall be entitled with respect to such personal property and equipment to
all remedies available under the UCC, the Security Agreement and all other remedies available under
applicable Law. For purposes of this Article 6, “equipment” shall have the meaning assigned to
such term in the UCC. Without limiting the foregoing, any personal property or equipment may, at
the Mortgagee’s option and, except as otherwise required by applicable Law, without the giving of
notice, (i) be sold hereunder or under the Security Agreement, (ii) be sold pursuant to the UCC or
(iii) be dealt with by the Mortgagee in any other manner permitted under applicable Law. The
Mortgagee may require the Mortgagor to assemble the personal property and make it available to the
Mortgagee at a place to be designated by the Mortgagee. If any Event of Default has occurred and
is continuing, the Mortgagee shall be the attorney-in-fact of the Mortgagor with respect to any and
all matters pertaining to the personal property and equipment (and Proceeds thereof) with full
power and authority to give instructions with respect to the collection and remittance of payments,
to endorse checks, to enforce the rights and remedies of the Mortgagor and to execute on behalf of
the Mortgagor and in Mortgagor’s name any instruction, agreement or other writing required
therefor. The Mortgagor acknowledges and agrees that a disposition of the personal property in
accordance with the Mortgagee’s rights and remedies in respect to the Property as heretofore
provided is a commercially reasonable disposition thereof. In the event that any of the Mortgage
Property is also subject to a valid and enforceable Lien under the terms of the Security Agreement
and the terms of the Security Agreement are inconsistent with the terms of this Mortgage, then with
respect to such Mortgaged Property, the terms of this Mortgage shall be controlling in case of
Fixtures and Leases, and the terms of the Security Agreement shall be controlling in case of all
other Collateral.

     (b) The Mortgagor hereby authorizes the Mortgagee to file a Record or Records (as defined in
the UCC), including, without limitation, financing or

32

 

continuation statements, and amendments thereto, in all jurisdictions and with all filing offices
as the Mortgagee may determine, in its sole discretion, are necessary or advisable to perfect the
lien and Security interest granted to the Mortgagee herein without the Mortgagor’s signature
appearing thereon. Such financing statements may describe the collateral in the same manner as
described herein or may contain an indication or description of collateral that describes such
property in any other manner as the Mortgagee may determine, in its sole discretion, is necessary,
advisable or prudent to ensure the perfection of the Security interest in the collateral granted to
the Mortgagee herein, including, without limitation, describing such property as “all fixtures.”
The Mortgagor constitutes the Mortgagee its attorney-in-fact to execute and file any filings
required or so requested for the foregoing purposes, all acts of such attorney being hereby
ratified and confirmed; and such power, being coupled with an interest, shall be irrevocable until
all the Liens granted by the Loan Parties terminate pursuant to the Finance Documents. The
Mortgagor shall pay the costs of, or reasonable costs incidental to, any recording or filing of any
financing or continuation statements or other documents recorded or filed pursuant hereto
concerning the collateral described herein.

     Section 6.02. Fixture Filing. To the extent that the Mortgaged Property includes goods or
items of personal property which are or are to become fixtures under applicable Law, and to the
extent permitted under applicable Law, the filing of this Mortgage in the real estate records of
the county in which the Mortgaged Property is located shall also operate from the time of filing as
a fixture filing with respect to such Mortgaged Property, and the following information is
applicable for the purpose of such fixture filing, to wit:

     (a) Name and Address of the debtor:

     (b) Name and Address of the secured party:

     (c) This document covers goods or items of personal property which are or are to become
fixtures upon the Property.

     (d) The name of the record owner of the real estate on which such fixtures are or are to be
located is _________.

33

 

ARTICLE 7

Miscellaneous

     Section 7.01. Concerning the Mortgagee. (a) The Mortgagee shall not be responsible for the
existence, genuineness or value of any of the Mortgaged Property or for the validity, perfection,
priority or enforceability of the Lien of this Mortgage on any of the Mortgaged Property, whether
impaired by operation of law or by reason of any action or omission to act on its part hereunder.
The Mortgagee shall have no duty to ascertain or inquire as to the performance or observance of any
of the terms of this Mortgage by the Mortgagor.

     (b) For all purposes of the Collateral Documents the Mortgagee will be entitled to rely on
information from (i) its own records for information as to the Lenders, their Secured Obligations
and actions taken by them, (ii) any Secured Party for information as to its Secured Obligations and
actions taken by it, to the extent that the Mortgagee has not obtained such information from the
foregoing sources, and (iii) Mortgagor, to the extent that the Mortgagee has not obtained
information from the foregoing sources.

     (c) At any time or times, in order to comply with any Legal Requirement, the Mortgagee may
appoint another bank or trust company or one or more other Persons, either to act as co-agent or
co-agents, jointly with the Mortgagee, or to act as separate agent or agents on behalf of the
Lenders with such power and authority as may be necessary for the effectual operation of the
provisions hereof and may be specified in the instrument of appointment (which may, in the
discretion of the Mortgagee, include provisions for the protection of such co-agent or separate
agent similar to the provisions of this Section 7.01).

     Section 7.02. Release of Mortgaged Property. (a) This Mortgage shall cease, terminate and
thereafter be of no further force or effect in the event all of the Release Conditions shall have
been satisfied.

     (b) At any time and from time to time, the Mortgagee may release any part of the Mortgaged
Property from the Lien of this Mortgage in connection with any sale, lease, transfer or other
disposition of any part of the Mortgaged Property permitted by, and in accordance with, the terms
of the Loan Documents to any Person other than a Loan Party or upon the effectiveness of any
consent to the release of any security interest granted hereby in any part of the Mortgaged
Property pursuant to Section 9.11 of the Credit Agreement; provided that, with respect to any part
of the Mortgaged Property that is also subject to any Lien securing any Permitted Subordinated
Indebtedness, such part of the Mortgaged Property shall not be released from the Lien of this
Mortgage unless such part of the Mortgaged Property is (or is simultaneously) released from the
Lien securing such Permitted Subordinated Indebtedness. The Mortgagee may conclusively rely on any
certificate delivered to it by the Mortgagor stating that such release of the

34

 

Mortgaged Property is permitted by, and in accordance with, the terms of the Credit Agreement,
this Mortgage and all other Loan Documents.

     (c) The Mortgagee may, without the prior consent of the Lenders and in its sole discretion,
executed such documents as are reasonably requested to (i) subordinate this Mortgage to any
easement, right of way, restriction, reservation, permit, servitude or other similar encumbrance
granted or to be granted by the Mortgagor, or (ii) grant non-disturbance protection to a tenant
under a lease that is subordinated to this Mortgage, provided that the Mortgagee determines that
such encumbrance or lease does not materially adversely detract from the value, or materially
impair the use by the Mortgagor, of the Mortgaged Property subject to such encumbrance or lease.

     (d) Upon any termination of this Mortgage or release of the Mortgaged Property, or any portion
thereof, the Mortgagee shall, at the expense of the Mortgagor, execute, acknowledge and deliver to
the Mortgagor such documents, without warranty, as the Mortgagor shall reasonably request to
evidence the termination of this Mortgage or release of the Mortgaged Property, as the case may be.

     Section 7.03. Notices. All notices and other communications provided for hereunder shall be
in writing (including, telegraphic, telecopy or telex communication or facsimile transmission) and
mailed, telegraphed, telecopied, telexed, faxed or delivered to it, if to the Mortgagee, addressed
to it in care of the Borrower at the Borrower’s address specified in Section 10.02 of the Credit
Agreement, and if to the Mortgagee, at its address specified in Section 10.02 of the Credit
Agreement. All such notices and other communications shall be deemed to be given or made at such
time as shall be set forth in Section 10.02 of the Credit Agreement. Delivery by telecopier or
electronic mail of an executed counterpart of any amendment or waiver of any provision of this
Mortgage shall be effective as delivery of an original executed counterpart thereof.

     Section 7.04. Amendments in Writing. No amendment or waiver of any provision of this
Mortgage, and no consent to any departure by the Mortgagor herefrom, shall in any event be
effective unless the same shall be in writing and signed by each of the Mortgagor and the Mortgagee
(with the consent of the requisite number of Lenders specified in the Credit Agreement), and then
such waiver or consent shall be effective only in the specific instance and for the specific
purpose for which given. No failure on the part of the Mortgagee or any other Secured Party to
exercise, and no delay in exercising any right hereunder, shall operate as a waiver thereof; nor
shall any single or partial exercise of any such right preclude any other or further exercise
thereof or the exercise of any other right.

35

 

     Section 7.05. Severability. All rights, powers and remedies provided in this Mortgage may be
exercised only to the extent that the exercise thereof does not violate applicable Law, and all the
provisions of this Mortgage are intended to be subject to all mandatory provisions of applicable
Law and to be limited to the extent necessary so that they will not render this Mortgage illegal,
invalid, unenforceable or not entitled to be recorded, registered or filed under applicable Law.
If any provision of this Mortgage or the application thereof to any Person or circumstance shall,
to any extent, be illegal, invalid or unenforceable, or cause this Mortgage not to be entitled to
be recorded, registered or filed, the remaining provisions of this Mortgage or the application of
such provision to other Persons or circumstances shall not be affected thereby, and each provision
of this Mortgage shall be valid and be enforced to the fullest extent permitted under applicable
Law.

     Section 7.06. Binding Effect. (a) The provisions of this Mortgage shall be binding upon and
inure to the benefit of each of the parties hereto and their respective successors and permitted
assigns.

     (b) To the fullest extent permitted under applicable Law, the provisions of this Mortgage
binding upon the Mortgagor shall be deemed to be covenants which run with the land.

     Section 7.07. Governing Law. THIS MORTGAGE SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE
WITH THE LAWS OF THE STATE IN WHICH THE PROPERTY IS LOCATED, except as otherwise required by
mandatory provisions of law and except to the extent that remedies provided by the laws of any
jurisdiction other than the State in which the Mortgaged Property is located are governed by the
laws of such jurisdiction.

     Section 7.08. Local Law Provisions. The terms and provisions set forth in Appendix A
attached hereto are incorporated by reference as though fully set forth herein. In the event of
any conflict between the terms and provisions of the body of the Mortgage and the terms and
provisions of Appendix A, the latter shall control.

     Section 7.09. Multisite Real Estate Transaction. The Mortgagor acknowledges that this
Mortgage is one of a number of mortgages, deeds of trust and other Collateral Documents (“Other
Mortgages”) that secure the Secured Obligations. Mortgagor agrees that the lien of this Mortgage
shall be absolute and unconditional and shall not in any manner be affected or impaired by any acts
or omissions whatsoever of Mortgagee, and without limiting the generality of the foregoing, the
lien hereof shall not be impaired by any acceptance by the Mortgagee of any security for or
guarantees of the Secured Obligations, or by any failure, neglect or omission on the part of
Mortgagee to realize upon or protect any Secured Obligation or any collateral security therefor
including the Other

36

 

Mortgages. The lien hereof shall not in any manner be impaired or affected by any release
(except as to the property released), sale, pledge, surrender, compromise, settlement, renewal,
extension, indulgence, alteration, changing, modification or disposition of any of the Secured
Obligations or of any of the collateral security therefor, including the Other Mortgages or of any
guarantee thereof, and, to the fullest extent permitted by applicable Law, Mortgagee may at its
discretion foreclose, exercise any power of sale, or exercise any other remedy available to it
under any or all of the Other Mortgages without first exercising or enforcing any of its rights and
remedies hereunder. Such exercise of Mortgagee’s rights and remedies under any or all of the Other
Mortgages shall not in any manner impair the indebtedness hereby secured or the lien of this
Mortgage and any exercise of the rights or remedies of Mortgagee hereunder shall not impair the
lien of any of the Other Mortgages or any of Mortgage’s rights and remedies thereunder. To the
fullest extent permitted by applicable Law, Mortgagor specifically consents and agrees the
Mortgagee may exercise its rights and remedies hereunder and under the Other Mortgagees separately
or concurrently and in any order that it may deem appropriate and waives any rights of subrogation.

     Section 7.10. Subrogation to Rights of Prior Lienholder. If, and to the extent that, the
proceeds of the Loan are used to pay, satisfy or discharge any obligation of the Borrower for the
payment of money that is secured by a pre-existing mortgage, deed of trust or other lien
encumbering the Mortgaged Property (a “Prior Lien”), such loan proceeds shall be deemed to have
been advanced by the Lenders at the Borrower’s request, and the Mortgagee, on behalf of the
Lenders, shall automatically, and without further action on its part, be subrogated to the rights,
including lien priority, of the owner or holder of the obligation secured by the Prior Lien,
whether or not the Prior Lien is released.

37

 

     IN WITNESS WHEREOF, the Mortgagor has executed and delivered this Mortgage as of the day first
set forth above.

	 	 	 	 	 
	 	[MORTGAGOR]

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 

     [Add State form of acknowledgment]

 

 

EXHIBIT A

Description of the Land

 

 

EXHIBIT B

Permitted Encumbrances

     The exceptions described in Schedule B, Part __ to that certain [title insurance commitment
file] [title policy] number ________ issued with respect to the Property by ________ dated ________
and “marked” and revised _______.

 

 

Appendix A

Local Law Provisions

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00193-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00193-of-00352.parquet"}]]