Document:

exv4w5

Exhibit 4.5

REALPAGE, INC.

4000 International Parkway

Carrollton, Texas 75007-1913

December 14, 2005

Camden Partners Strategic Fund III, L.P.

One South Street

Suite 2150

Baltimore, Maryland 21202

	 	Re:	 	 Management Rights

Ladies and Gentlemen:

     This letter will confirm our agreement that effective upon your purchase of shares of Series B
Convertible Preferred Stock, par value $0.001 per share, of RealPage, Inc., a Delaware corporation
(the “Company”), you will be entitled to the following contractual management rights, in addition
to rights to certain non-public financial information, inspection rights and other rights that you
may be entitled to pursuant to the Stock Purchase Agreement, dated as of December 14, 2005, by and
among the Company and the investors party thereto and that certain Amended and Restated
Shareholders Agreement, dated as of December 14, 2005, by and among the Company and the investors
party thereto:

     (1) If and for so long as you do not have a representative on the Company’s Board of
Directors, you shall be permitted to consult with and advise management of the Company on
significant business issues, including management’s proposed annual operating plans, and management
will make itself available to meet with you at the Company’s facilities at mutually agreeable times
for such consultation and advice and to review progress in achieving said plans.

     (2) You may examine the books and records of the Company and inspect its facilities and may
request information at reasonable times and intervals concerning the general status of the
Company’s financial condition and operations, provided that access to highly confidential
proprietary information and facilities need not be provided.

     (3) If and for so long as you do not have a representative on the Company’s Board of
Directors, the Company shall invite you to send your representative to attend in a nonvoting
observer capacity all meetings of its Board of Directors and, in this respect, shall give your
representative copies of all notices, minutes, consents and other material that it provides to its
directors; provided, however, that the Company reserves the right to exclude your representative
from access to any material or meeting or portion thereof if the Company believes that such
exclusion is reasonably necessary to preserve the attorney-client privilege, to protect highly
confidential proprietary information or for other similar reasons. Such representative shall be
subject to the Company’s approval, which approval shall not be unreasonably withheld. Your
representative shall be entitled to participate in discussions of matters brought before the Board.

 

 

     You agree, and you shall cause your representative to agree, to hold in confidence and trust,
and not use or disclose (except to your financial, legal or other advisors, provided such advisors
agree to hold such confidential information in confidence), any confidential information of the
Company provided to or learned by you or your representative in connection with the exercise of
your rights under this letter.

     The rights described herein shall terminate and be of no further force or effect upon (i) such
time as you hold Company capital stock representing, in the
aggregate, less than 10%, on an as
converted basis, of your original investment as purchased on the date hereof, (ii) the date upon
which the Company becomes subject to the reporting requirements of the Securities Exchange Act of
1934, as amended, (iii) the merger or consolidation of the Company into or with another corporation
or other similar transaction or series of related transactions in which the Company’s stockholders
of record (or their affiliates) as constituted immediately prior to such transaction or series of
related transactions will not, immediately after such transaction or series of related
transactions, beneficially own (as determined pursuant to Rule 13d-3 of the Securities Exchange Act
of 1934, as amended) at least a majority of the voting power of the surviving or acquiring entity,
or (iv) the sale of all or substantially all the assets of the Company. The confidentiality
obligations referenced herein will survive any such termination.

	 	 	 	 	 
	 	Very truly yours,

REALPAGE, INC.

 	 
	 	By:  	                                                          /s/ Stephen T. Winn
 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 

	 	 	 	 	 
	 	Accepted and agreed to

as of the date first above written

CAMDEN PARTNERS STRATEGIC FUND III, L.P.

 	 
	 	By:  	Camden Partners Strategic III, LLC,
 	 
	 	 	Its General Partner 	 
	 	 	 	 
	 
	 	 	 
	 	By:  	/s/ Richard M. Berkeley
 	 
	 	 	Name:  	Richard M. Berkeley 	 
	 	 	Title:  	Managing Partnerexv4w6

Exhibit 4.6

REALPAGE, INC.

4000 International Parkway

Carrollton, Texas 75007-1913

December 14, 2005

Camden Partners Strategic Fund III-A, L.P.

One South Street

Suite 2150

Baltimore, Maryland 21202

     Re:       Management Rights

Ladies and Gentlemen:

     This letter will confirm our agreement that effective upon your purchase of shares of Series B
Convertible Preferred Stock, par value $0.001 per share, of RealPage, Inc., a Delaware corporation
(the “Company”), you will be entitled to the following contractual management rights, in addition
to rights to certain non-public financial information, inspection rights and other rights that you
may be entitled to pursuant to the Stock Purchase Agreement, dated as of December 14, 2005, by and
among the Company and the investors party thereto and that certain Amended and Restated
Shareholders Agreement, dated as of December 14, 2005, by and among the Company and the investors
party thereto:

     (1) If and for so long as you do not have a representative on the Company’s Board of
Directors, you shall be permitted to consult with and advise management of the Company on
significant business issues, including management’s proposed annual operating plans, and management
will make itself available to meet with you at the Company’s facilities at mutually agreeable times
for such consultation and advice and to review progress in achieving said plans.

     (2) You may examine the books and records of the Company and inspect its facilities and may
request information at reasonable times and intervals concerning the general status of the
Company’s financial condition and operations, provided that access to highly confidential
proprietary information and facilities need not be provided.

     (3) If and for so long as you do not have a representative on the Company’s Board of
Directors, the Company shall invite you to send your representative to attend in a nonvoting
observer capacity all meetings of its Board of Directors and, in this respect, shall give your
representative copies of all notices, minutes, consents and other material that it provides to its
directors; provided, however, that the Company reserves the right to exclude your representative
from access to any material or meeting or portion thereof if the Company believes that such
exclusion is reasonably necessary to preserve the attorney-client privilege, to protect highly
confidential proprietary information or for other similar reasons. Such representative shall be
subject to the Company’s

 

approval, which approval shall not be unreasonably withheld. Your representative shall be
entitled to participate in discussions of matters brought before the Board.

     You agree, and you shall cause your representative to agree, to hold in confidence and trust,
and not use or disclose (except to your financial, legal or other advisors, provided such advisors
agree to hold such confidential information in confidence), any confidential information of the
Company provided to or learned by you or your representative in connection with the exercise of
your rights under this letter.

     The rights described herein shall terminate and be of no further force or effect upon (i) such
time as you hold Company capital stock representing, in the aggregate, less than 10%, on an as
converted basis, of your original investment as purchased on the date hereof, (ii) the date upon
which the Company becomes subject to the reporting requirements of the Securities Exchange Act of
1934, as amended, (iii) the merger or consolidation of the Company into or with another corporation
or other similar transaction or series of related transactions in which the Company’s stockholders
of record (or their affiliates) as constituted immediately prior to such transaction or series of
related transactions will not, immediately after such transaction or series of related
transactions, beneficially own (as determined pursuant to Rule 13d-3 of the Securities Exchange Act
of 1934, as amended) at least a majority of the voting power of the surviving or acquiring entity,
or (iv) the sale of all or substantially all the assets of the Company. The confidentiality
obligations referenced herein will survive any such termination.

	 	 	 	 	 
	 	Very truly yours,

REALPAGE, INC.

 	 
	 	By:  	/s/ Stephen T. Winn
 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 

	 	 	 	 	 
	 	Accepted and agreed to

as of the date first above written

CAMDEN PARTNERS STRATEGIC FUND III-A, L.P.

 	 
	 	By:  	Camden Partners Strategic III, LLC,
 	 
	 	 	Its General Partner 	 
	 	 	 	 
	 
	 	 	 
	 	By:  	/s/ Richard M. Berkeley
 	 
	 	 	Name:  	Richard M. Berkeley 	 
	 	 	Title:  	Managing Partnerexv10w1

Exhibit 10.1

INDEMNIFICATION AGREEMENT

     THIS AGREEMENT is entered into, effective as            of by and between RealPage Inc., a Delaware
corporation (the “Company”), and (“Indemnitee”).

     WHEREAS, it is essential to the Company to retain and attract as directors and officers the
most capable persons available;

     WHEREAS, Indemnitee is a director and/or officer of the Company;

     WHEREAS, both the Company and Indemnitee recognize the increased risk of litigation and other
claims currently being asserted against directors and officers of corporations;

     WHEREAS, the Certificate of Incorporation and Bylaws of the Company require the Company to
indemnify and advance expenses to its directors and officers to the fullest extent permitted under
Delaware law, and the Indemnitee has been serving and continues to serve as a director and/or
officer of the Company in part in reliance on the Company’s Certificate of Incorporation and
Bylaws; and

     WHEREAS, in recognition of Indemnitee’s need for (i) substantial protection against personal
liability based on Indemnitee’s reliance on the aforesaid Certificate of Incorporation and Bylaws,
(ii) specific contractual assurance that the protection promised by the Certificate of
Incorporation and Bylaws will be available to Indemnitee (regardless of, among other things, any
amendment to or revocation of the Certificate of Incorporation and Bylaws or any change in the
composition of the Company’s Board of Directors or acquisition transaction relating to the
Company), and (iii) an inducement to provide effective services to the Company as a director and/or
officer, the Company wishes to provide in this Agreement for the indemnification of and the
advancing of expenses to Indemnitee to the fullest extent (whether partial or complete) permitted
under Delaware law and as set forth in this Agreement, and, to the extent insurance is maintained,
to provide for the continued coverage of Indemnitee under the Company’s directors’ and officers’
liability insurance policies.

     NOW, THEREFORE, in consideration of the above premises and of Indemnitee continuing to serve
the Company directly or, at its request, with another enterprise, and intending to be legally bound
hereby, the parties agree as follows:

     1. Certain Definitions:

          (a) “Board” shall mean the Board of Directors of the Company.

          (b) “Affiliate” shall mean any corporation or other person or entity that directly, or
indirectly through one or more intermediaries, controls or is controlled by, or is under common
control with, the person specified.

          (c) A “Change in Control” shall be deemed to have occurred if (i) any “person” (as
such term is used in Sections 13(d) and 14(d) of the Securities Exchange Act of 1934, as amended
(the “Exchange Act”)) (other than a trustee or other fiduciary holding securities under an
employee benefit plan of the Company or a corporation owned directly or indirectly by the
stockholders of the Company in substantially the same proportions as their ownership of stock of
the Company, and other than any person holding shares of the Company on the date that the Company
first registers under the Act or any transferee of such individual if such transferee is a spouse
or lineal descendant of the transferee or a trust for the benefit of the individual, his spouse or
lineal descendants), is or becomes the “beneficial owner” (as defined in Rule 13d-3 under the
Exchange Act), directly or indirectly, of securities of the

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Company representing 30% or more of the total voting power represented by the Company’s then
outstanding Voting Securities, or (ii) during any period of two consecutive years, individuals who
at the beginning of such period constitute the Board and any new director whose election by the
Board or nomination for election by the Company’s stockholders was approved by a vote of at least
two-thirds (2/3) of the directors then still in office who either were directors at the beginning
of the period or whose election or nomination for election was previously so approved, cease for
any reason to constitute a majority of the Board, or (iii) the stockholders of the Company approve
a merger or consolidation of the Company with any other entity, other than a merger or
consolidation that would result in the Voting Securities of the Company outstanding immediately
prior thereto continuing to represent (either by remaining outstanding or by being converted into
Voting Securities of the surviving entity) at least 80% of the total voting power represented by
the Voting Securities of the Company or such surviving entity outstanding immediately after such
merger or consolidation, or (iv) the stockholders of the Company approve a plan of complete
liquidation of the Company or an agreement for the sale or disposition by the Company (in one
transaction or a series of transactions) of all or substantially all of the Company’s assets.

          (d) “Expenses” shall mean any expense, liability, or loss, including attorneys’ fees,
judgments, fines, ERISA excise taxes and penalties, amounts paid or to be paid in settlement, any
interest, assessments, or other charges imposed thereon, any federal, state, local, or foreign
taxes imposed as a result of the actual or deemed receipt of any payments under this Agreement, and
all other costs and obligations, paid or incurred in connection with investigating, defending,
being a witness in, participating in (including on appeal), or preparing for any of the foregoing
in, any Proceeding relating to any Indemnifiable Event.

          (e) “Indemnifiable Event” shall mean any event or occurrence that takes place either
prior to or after the execution of this Agreement, related to the fact that Indemnitee is or was a
director or officer of the Company, or while a director or officer is or was serving at the request
of the Company as a director, officer, employee, trustee, agent, or fiduciary of another foreign or
domestic corporation, partnership, joint venture, employee benefit plan, trust, or other
enterprise, or was a director, officer, employee, or agent of a foreign or domestic corporation
that was a predecessor corporation of the Company or of another enterprise at the request of such
predecessor corporation, or related to anything done or not done by Indemnitee in any such
capacity, whether or not the basis of the Proceeding is alleged action in an official capacity as a
director, officer, employee, or agent or in any other capacity while serving as a director,
officer, employee, or agent of the Company, as described above.

          (f) “Independent Counsel” shall mean the person or body appointed in connection with
Section 3.

          (g) “Proceeding” shall mean any threatened, pending, or completed action, suit, or
proceeding or any alternative dispute resolution mechanism (including an action by or in the right
of the Company), or any inquiry, hearing, or investigation, whether conducted by the Company or any
other party, that Indemnitee in good faith believes might lead to the institution of any such
action, suit, or proceeding, whether civil, criminal, administrative, investigative, or other.

          (h) “Reviewing Party” shall mean the person or body appointed in accordance with
Section 3.

          (i) “Voting Securities” shall mean any securities of the Company that vote generally
in the election of directors.

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     2. Agreement to Indemnify.

          (a) General Agreement. In the event Indemnitee was, is, or becomes a party to or
witness or other participant in, or is threatened to be made a party to or witness or other
participant in, a Proceeding by reason of (or arising in part out of) an Indemnifiable Event, the
Company shall indemnify Indemnitee from and against any and all Expenses to the fullest extent
permitted by law, as the same exists or may hereafter be amended or interpreted (but in the case of
any such amendment or interpretation, only to the extent that such amendment or interpretation
permits the Company to provide broader indemnification rights than were permitted prior thereto).
The parties hereto intend that this Agreement shall provide for indemnification in excess of that
expressly permitted by statute, including, without limitation, any indemnification provided by the
Company’s Certificate of Incorporation, its Bylaws, vote of its stockholders or disinterested
directors, or applicable law.

          (b) Initiation of Proceeding. Notwithstanding anything in this Agreement to the
contrary, Indemnitee shall not be entitled to indemnification pursuant to this Agreement in
connection with any Proceeding initiated by Indemnitee against the Company or any director or
officer of the Company unless (i) the Company has joined in or the Board has consented to the
initiation of such Proceeding; (ii) the Proceeding is one to enforce indemnification rights under
Section 5; or (iii) the Proceeding is instituted after a Change in Control (other than a Change in
Control approved by a majority of the directors on the Board who were directors immediately prior
to such Change in Control) and Independent Counsel has approved its initiation.

          (c) Expense Advances. If so requested by Indemnitee, the Company shall advance
(within ten (10) business days of such request) any and all Expenses to Indemnitee (an “Expense
Advance”). The Indemnitee shall qualify for such Expense Advances upon the execution and delivery
to the Company of this Agreement which shall constitute an undertaking providing that the
Indemnitee undertakes to repay such Expense Advances if and to the extent that it is ultimately
determined by a court of competent jurisdiction in a final judgment, not subject to appeal, that
Indemnitee is not entitled to be indemnified by the Company. Indemnitee’s obligation to reimburse
the Company for Expense Advances shall be unsecured and no interest shall be charged thereon. This
Section 2(c) shall not apply to any claim made by Indemnitee for which indemnification is excluded
pursuant to Section 2(b) or 2(f).

          (d) Mandatory Indemnification. Notwithstanding any other provision of this Agreement,
to the extent that Indemnitee has been successful on the merits or otherwise in defense of any
Proceeding relating in whole or in part to an Indemnifiable Event or in defense of any issue or
matter therein, Indemnitee shall be indemnified against all Expenses incurred in connection
therewith, except with respect to any portion of the Proceeding relating to a non-Indemnifiable
Event.

          (e) Partial Indemnification. If Indemnitee is entitled under any provision of this
Agreement to indemnification by the Company for some or a portion of Expenses, but not, however,
for the total amount thereof, the Company shall nevertheless indemnify Indemnitee for the portion
thereof to which Indemnitee is entitled.

          (f) Prohibited Indemnification. No indemnification pursuant to this Agreement shall be
paid by the Company on account of any Proceeding in which judgment is rendered against Indemnitee
for an accounting of profits made from the purchase or sale by Indemnitee of securities of the
Company pursuant to the provisions of Section 16(b) of the Securities Exchange Act of 1934, as
amended, or similar provisions of any federal, state, or local laws.

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     3. Reviewing Party. Prior to any Change in Control, the Reviewing Party shall be any
appropriate person or body consisting of a member or members of the Board or any other person or
body appointed by the Board who is not a party to the particular Proceeding with respect to which
Indemnitee is seeking indemnification; after a Change in Control, the Independent Counsel referred
to below shall become the Reviewing Party. With respect to all matters arising after a Change in
Control (other than a Change in Control approved by a majority of the directors on the Board who
were directors immediately prior to such Change in Control) concerning the rights of Indemnitee to
indemnity payments and Expense Advances under this Agreement or any other agreement or under
applicable law or the Company’s Certificate of Incorporation or Bylaws now or hereafter in effect
relating to indemnification for Indemnifiable Events, the Company shall seek legal advice only from
Independent Counsel selected by Indemnitee and approved by the Company (which approval shall not be
unreasonably withheld), and who has not otherwise performed services for the Company or the
Indemnitee (other than in connection with indemnification matters) within the last five years. The
Independent Counsel shall not include any person who, under the applicable standards of
professional conduct then prevailing, would have a conflict of interest in representing either the
Company or Indemnitee in an action to determine Indemnitee’s rights under this Agreement. Such
counsel, among other things, shall render its written opinion to the Company and Indemnitee as to
whether and to what extent the Indemnitee should be permitted to be indemnified under applicable
law. The Company agrees to pay the reasonable fees of the Independent Counsel and to indemnify
fully such counsel against any and all expenses (including attorneys’ fees), claims, liabilities,
loss, and damages arising out of or relating to this Agreement or the engagement of Independent
Counsel pursuant hereto.

     4. Indemnification Process and Appeal.

          (a) Indemnification Payment. Indemnitee shall be entitled to indemnification of
Expenses, and shall receive payment thereof, from the Company in accordance with this Agreement as
soon as practicable after Indemnitee has made written demand on the Company for indemnification,
unless the Reviewing Party has given a written opinion to the Company that Indemnitee is not
entitled to indemnification under applicable law.

          (b) Suit to Enforce Rights. Regardless of any action by the Reviewing Party, if
Indemnitee has not received full indemnification within thirty (30) days after making a demand in
accordance with Section 4(a), Indemnitee shall have the right to enforce its indemnification rights
under this Agreement by commencing litigation in any court in the
State of Texas or the State
of Delaware having subject matter jurisdiction thereof seeking an initial determination by the
court or challenging any determination by the Reviewing Party or any aspect thereof. The Company
hereby consents to service of process and to appear in any such proceeding. Any determination by
the Reviewing Party not challenged by the Indemnitee shall be binding on the Company and
Indemnitee. The remedy provided for in this Section 4 shall be in addition to any other remedies
available to Indemnitee at law or in equity.

          (c) Defense to Indemnification, Burden of Proof, and Presumptions. It shall be a
defense to any action brought by Indemnitee against the Company to enforce this Agreement (other
than an action brought to enforce a claim for Expenses incurred in defending a Proceeding in
advance of its final disposition) that it is not permissible under applicable law for the Company
to indemnify Indemnitee for the amount claimed. In connection with any such action or any
determination by the Reviewing Party or otherwise as to whether Indemnitee is entitled to be
indemnified hereunder, the burden of proving such a defense or determination shall be on the
Company. Neither the failure of the Reviewing Party or the Company (including its Board,
independent legal counsel, or its stockholders) to have made a determination prior to the
commencement of such action by Indemnitee that indemnification of the claimant is proper under the
circumstances because Indemnitee has met the standard of conduct set forth in applicable law, nor

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an actual determination by the Reviewing Party or Company (including its Board, independent
legal counsel, or its stockholders) that the Indemnitee had not met such applicable standard of
conduct, shall be a defense to the action or create a presumption that the Indemnitee has not met
the applicable standard of conduct. For purposes of this Agreement, the termination of any claim,
action, suit, or proceeding, by judgment, order, settlement (whether with or without court
approval), conviction, or upon a plea of nolo contendere, or its equivalent, shall not create a
presumption that Indemnitee did not meet any particular standard of conduct or have any particular
belief or that a court has determined that indemnification is not permitted by applicable law.

     5. Indemnification for Expenses Incurred in Enforcing Rights. The Company shall
indemnify Indemnitee against any and all Expenses that are incurred by Indemnitee in connection
with any action brought by Indemnitee for

          (i) indemnification or advance payment of Expenses by the Company under this Agreement or any
other agreement or under applicable law or the Company’s Certificate of Incorporation or Bylaws now
or hereafter in effect relating to indemnification for Indemnifiable Events, and/or

          (ii) recovery under directors’ and officers’ liability insurance policies maintained by the
Company, but only in the event that Indemnitee ultimately is determined to be entitled to such
indemnification or insurance recovery, as the case may be. In addition, the Company shall, if so
requested by Indemnitee, advance the foregoing Expenses to Indemnitee, subject to and in accordance
with Section 2(c).

     6. Notification and Defense of Proceeding.

          (a) Notice. Promptly after receipt by Indemnitee of notice of the commencement of any
Proceeding, Indemnitee shall, if a claim in respect thereof is to be made against the Company under
this Agreement, notify the Company of the commencement thereof; but the omission so to notify the
Company will not relieve the Company from any liability that it may have to Indemnitee, except as
provided in Section 6(c).

          (b) Defense. With respect to any Proceeding as to which Indemnitee notifies the
Company of the commencement thereof, the Company will be entitled to participate in the Proceeding
at its own expense and except as otherwise provided below, to the extent the Company so wishes, it
may assume the defense thereof with counsel reasonably satisfactory to Indemnitee. After notice
from the Company to Indemnitee of its election to assume the defense of any Proceeding, the Company
shall not be liable to Indemnitee under this Agreement or otherwise for any Expenses subsequently
incurred by Indemnitee in connection with the defense of such Proceeding other than reasonable
costs of investigation or as otherwise provided below. Indemnitee shall have the right to employ
legal counsel in such Proceeding, but all Expenses related thereto incurred after notice from the
Company of its assumption of the defense shall be at Indemnitee’s expense unless: (i) the
employment of legal counsel by Indemnitee has been authorized by the Company, (ii) Indemnitee has
reasonably determined that there may be a conflict of interest between Indemnitee and the Company
in the defense of the Proceeding, (iii) after a Change in Control (other than a Change in Control
approved by a majority of the directors on the Board who were directors immediately prior to such
Change in Control), the employment of counsel by Indemnitee has been approved by the Independent
Counsel, or (iv) the Company shall not in fact have employed counsel to assume the defense of such
Proceeding, in each of which cases all Expenses of the Proceeding shall be borne by the Company.
The Company shall not be entitled to assume the defense of any Proceeding brought by or on behalf
of the Company or as to which Indemnitee shall have made the determination provided for in (ii),
(iii) and (iv) above.

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          (c) Settlement of Claims. The Company shall not be liable to indemnify Indemnitee
under this Agreement or otherwise for any amounts paid in settlement of any Proceeding effected
without the Company’s written consent, such consent not to be unreasonably withheld; provided,
however, that if a Change in Control has occurred (other than a Change in Control approved by a
majority of the directors on the Board who were directors immediately prior to such Change in
Control), the Company shall be liable for indemnification of Indemnitee for amounts paid in
settlement if the Independent Counsel has approved the settlement. The Company shall not settle any
Proceeding in any manner that would impose any penalty or limitation on Indemnitee without
Indemnitee’s written consent. The Company shall not be liable to indemnify the Indemnitee under
this Agreement with regard to any judicial award if the Company was not given a reasonable and
timely opportunity, at its expense, to participate in the defense of such action; the Company’s
liability hereunder shall not be excused if participation in the Proceeding by the Company was
barred by this Agreement.

     7. Non-Exclusivity. The rights of Indemnitee hereunder shall be in addition to any
other rights Indemnitee may have under the Company’s Certificate of Incorporation, Bylaws,
applicable law, or otherwise; provided, however, that this Agreement shall supersede any prior
indemnification agreement between the Company and the Indemnitee. To the extent that a change in
applicable law (whether by statute or judicial decision) permits greater indemnification than would
be afforded currently under the Company’s Certificate of Incorporation, Bylaws, applicable law, or
this Agreement, it is the intent of the parties that Indemnitee enjoy by this Agreement the greater
benefits so afforded by such change.

     8. Liability Insurance.

          (a) The Company hereby covenants and agrees that, so long as the Indemnitee shall continue to
serve as an agent of the Company and thereafter so long as Indemnitee shall be subject to any
possible proceeding by reason of the fact that the Indemnitee was an agent of the Company, the
Company, subject to Section 8(b), shall use reasonable efforts to obtain and maintain in full force
and effect directors’ and officers’ liability insurance (“D&O Insurance”) in reasonable
amounts from established and reputable insurers and Indemnitee shall be covered by such policy or
policies, in accordance with its or their terms, to the maximum extent of the coverage available
for any Company director or officer.

          (b) Notwithstanding the foregoing, the Company shall have no obligation to obtain or maintain
D&O Insurance if the Company determines in good faith that such insurance is not reasonably
available, the premium costs for such insurance are disproportionate to the amount of coverage
provided, or the coverage is reduced by exclusions so as to provide an insufficient benefit.

     9. Period of Limitations. No legal action shall be brought and no cause of action
shall be asserted by or on behalf of the Company or any Affiliate of the Company against
Indemnitee, Indemnitee’s spouse, heirs, executors, or personal or legal representatives after the
expiration of two (2) years from the date of accrual of such cause of action, or such longer period
as may be required by state law under the circumstances. Any claim or cause of action of the
Company or its Affiliate shall be extinguished and deemed released unless asserted by the timely
filing and notice of a legal action within such period; provided, however, that if any shorter
period of limitations is otherwise applicable to any such cause of action, the shorter period shall
govern.

     10. Amendment of this Agreement. No supplement, modification, or amendment of this
Agreement shall be binding unless executed in writing by both of the parties hereto. No waiver of
any of the provisions of this Agreement shall be binding unless in the form of a writing signed by
the party against whom enforcement of the waiver is sought, and no such waiver shall operate as a
waiver of any

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other provisions hereof (whether or not similar), nor shall such waiver constitute a
continuing waiver. Except as specifically provided herein, no failure to exercise or any delay in
exercising any right or remedy hereunder shall constitute a waiver thereof.

     11. Subrogation. Except with regard to the Company’s primary obligations, as set forth
in Section 12 hereof, in the event of payment under this Agreement, the Company shall be subrogated
to the extent of such payment to all of the rights of recovery of Indemnitee, who shall execute all
papers required and shall do everything that may be necessary to secure such rights, including the
execution of such documents necessary to enable the Company effectively to bring suit to enforce
such rights.

     12. No Duplication of Payments. The Company shall not be liable under this Agreement
to make any payment in connection with any claim made against Indemnitee to the extent Indemnitee
has otherwise received payment (under any insurance policy, Bylaw, or otherwise) of the amounts
otherwise indemnifiable hereunder; provided, however, that if Indemnitee is a representative of an
investment fund and/or such fund’s affiliates (collectively, the “Fund Indemnitors”) and
has rights to indemnification, advancement of expenses and/or insurance provided by or with respect
to such Fund Indemnitors, then (a) the Company hereby agrees that its obligations to Indemnitee
under this Agreement or any other agreement or undertaking to provide advancement, indemnification
or both to Indemnitee are primary, and any obligation of the Fund Indemnitors to provide
advancement or indemnification for any Expenses, judgments, fines and amounts paid in settlement
(including all interest, assessments and other charges paid or payable in connection with or in
respect of such Expenses, judgments, fines and amounts paid in settlement) incurred by Indemnitee
are secondary, and (b) if the Fund Indemnitors pays or causes to be paid, for any reason, any
amounts otherwise indemnifiable hereunder or under any other indemnification agreement with
Indemnitee (whether pursuant to the Bylaws or Certificate or another contract), then (i) the Fund
Indemnitors shall be fully subrogated to all rights of Indemnitee with respect to such payment and
(ii) the Company shall fully indemnify, reimburse and hold harmless the Fund Indemnitors for all
such payments actually made by the Fund Indemnitors. In addition, the Company hereby
unconditionally and irrevocably waives, relinquishes, releases, and covenants and agrees not to
exercise, any rights that the Company may now have or hereafter acquires against the Fund
Indemnitors or Indemnitee that arise from or relate to contribution, subrogation or any other
recovery of any kind under this Agreement or any other indemnification agreement (whether pursuant
to the Bylaws or Certificate or another contract). The Company and Indemnitee hereby agree that
this Section 12 shall be deemed exclusive and shall be deemed to modify, amend and clarify any
right to indemnification or advancement provided to Indemnitee under any other contract, agreement
or document with the Company. The Fund Indemnitors (if any) are express third party beneficiaries
of this Section 12.

     13. Duration of Agreement. This Agreement shall continue until and terminate upon the
later of (a) ten (10) years after the date that Indemnitee shall have ceased to serve as a director
or officer of the Company or (b) one (1) year after the final termination of any Proceeding,
including any appeal, then pending in respect of which Indemnitee is granted rights of
indemnification or advancement of Expenses hereunder and of any proceeding commenced by Indemnitee
pursuant to Section 4(b) of this Agreement relating thereto.

     14. Binding Effect. This Agreement shall be binding upon and inure to the benefit of
and be enforceable by the parties hereto and their respective successors (including any direct or
indirect successor by purchase, merger, consolidation, or otherwise to all or substantially all of
the business and/or assets of the Company), assigns, spouses, heirs, and personal and legal
representatives. The Company shall require and cause any successor (whether direct or indirect by
purchase, merger, consolidation, or otherwise) to all, substantially all, or a substantial part, of
the business and/or assets of the Company, by written agreement in form and substance satisfactory
to Indemnitee, expressly to assume and agree to perform this Agreement in the same manner and to
the

7

 

same extent that the Company would be required to perform if no such succession had taken
place. The indemnification provided under this Agreement shall continue as to Indemnitee for any
action taken or not taken while serving in an indemnified capacity pertaining to an Indemnifiable
Event even though Indemnitee may have ceased to serve in such capacity at the time of any
Proceeding.

     15. Severability. If any provision (or portion thereof) of this Agreement shall be
held by a court of competent jurisdiction to be invalid, void, or otherwise unenforceable, the
remaining provisions shall remain enforceable to the fullest extent permitted by law. Furthermore,
to the fullest extent possible, the provisions of this Agreement (including, without limitation,
each portion of this Agreement containing any provision held to be invalid, void, or otherwise
unenforceable, that is not itself invalid, void, or unenforceable) shall be construed so as to give
effect to the intent manifested by the provision held invalid, void, or unenforceable.

     16. Contribution. To the fullest extent permissible under applicable law, whether or
not the indemnification provided for in this Agreement is available to Indemnitee for any reason
whatsoever, the Company shall pay all or a portion of the amount that would otherwise be incurred
by Indemnitee for Expenses in connection with any claim relating to an Indemnifiable Event, as is
deemed fair and reasonable in light of all of the circumstances of such Proceeding in order to
reflect (i) the relative benefits received by the Company and Indemnitee as a result of the
event(s) and/or transaction(s) giving cause to such Proceeding; and/or (ii) the relative fault of
the Company (and its directors, officers, employees and agents) and Indemnitee in connection with
such event(s) and/or transaction(s).

     17. Governing Law. This Agreement shall be governed by and construed and enforced in
accordance with the laws of the State of Delaware applicable to contracts made and to be performed
in such State without giving effect to its principles of conflicts of laws. The Company and
Indemnitee hereby irrevocably and unconditionally (i) agree that any action or proceeding arising
out of or in connection with this Agreement may be brought in the Delaware Court of Chancery, (ii)
consent to submit to the jurisdiction of the Delaware Court of Chancery for purposes of any action
or proceeding arising out of or in connection with this Agreement, (iii) waive any objection to the
laying of venue of any such action or proceeding in the Delaware Court of Chancery, and (iv) waive,
and agree not to plead or to make, any claim that any such action or proceeding brought in the
Delaware Court of Chancery has been brought in an improper or inconvenient forum.

     18. Notices. All notices, demands, and other communications required or permitted
hereunder shall be made in writing and shall be deemed to have been duly given if delivered by
hand, against receipt, or mailed, postage prepaid, certified or registered mail, return receipt
requested, and addressed to the Company at:

RealPage, Inc.

4000 International Parkway

Carrollton, Texas 75007

Attention: Chief Executive Officer

and to Indemnitee at the address set forth below Indemnitee’s signature hereto.

Notice of change of address shall be effective only when given in accordance with this Section. All
notices complying with this Section shall be deemed to have been received on the date of hand
delivery or on the third business day after mailing.

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     19. Counterparts. This Agreement 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.

[Remainder of page intentionally left blank]

9

 

IN WITNESS WHEREOF, the parties hereto have duly executed and delivered this Agreement as of the
day specified above.

	 	 	 	 	 
	 	REALPAGE INC.,

a Delaware corporation

 	 
	 	By:  	 	 
	 	 	Stephen T. Winn 	 
	 	 	Chief Executive Officer 	 
	 
	 	INDEMNITEE

 	 
	 	 	 
	 	 	 
	 	 	 
	 
	 	Address:

 	 
	 	

 	 
	 	 	 
	 	 	 
	 

10

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