Document:

exv10w21w2

 

Exhibit  10.21.2

AMENDMENT NO. 1 TO CREDIT AGREEMENT

     This Amendment
No. 1 to Credit Agreement (this
“Agreement”) dated as of November 29,
2007 is
made by and among INTERSECTIONS INC., a Delaware corporation
(the “Company”),
the Subsidiaries of
the Company party hereto (together with the Company, the “Borrowers” and each a “Borrower”), BANK
OF AMERICA, N.A., a national banking association organized and existing under the laws of the
United States (“Bank of America”), in its capacity as administrative agent for the Lenders (as
defined in the Credit Agreement (as defined below)) (in such capacity, the “Administrative Agent”),
and each of the Lenders signatory hereto.

W I T N E S S E T H:

     WHEREAS, the Borrowers, the Administrative Agent and the Lenders have entered into that
certain Credit Agreement dated as of July 3, 2006 (as hereby amended and as from time to time
hereafter further amended, modified, supplemented, restated, or amended and restated, the “Credit
Agreement”; capitalized terms used in this Agreement not otherwise defined herein shall have the
respective meanings given thereto in the Credit Agreement), pursuant to which the Lenders have made
available to the Borrowers various credit facilities; and

     WHEREAS, the Borrowers have advised the Administrative Agent and the Lenders that they desire
to amend certain provisions of the Credit Agreement as set forth below and the Administrative Agent
and the Lenders signatory hereto are willing to effect such amendment on the terms and conditions
contained in this Agreement;

     NOW, THEREFORE, in consideration of the premises and further valuable consideration, the
receipt and sufficiency of which is hereby acknowledged, the parties hereto agree as follows:

     1. Amendments to Credit Agreement. Subject to the terms and conditions set forth
herein, the Credit Agreement is hereby amended as follows:

     (a) Section 1.01 is amended by deleting the definition of “Consolidated
Tangible Net Worth” therefrom.

     (b) Section 6.12(a) is deleted in its entirety and replaced with the following:

          “[Reserved]”

     (c) The existing Exhibit C to the Credit Agreement is replaced with the
Exhibit C attached hereto.

     2. Effectiveness; Conditions Precedent. The effectiveness of this Agreement and the
amendments to the Credit Agreement herein provided are subject to the satisfaction of the following
conditions precedent:

 

 

     (a) the Administrative Agent shall have received one or more counterparts of this
Agreement, duly executed by each Borrower, the Administrative Agent and the Required
Lenders;

     (b) all fees and expenses payable to the Administrative Agent and the Lenders
(including the fees and expenses of counsel to the Administrative Agent) estimated to date
shall have been paid in full (without prejudice to final settling of accounts for such fees
and expenses).

     3. Representations and Warranties. In order to induce the Administrative Agent and
the Lenders to enter into this Agreement, the Borrower represents and warrants to the
Administrative Agent and the Lenders as follows:

     (a) The representations and warranties made by each Loan Party in Article V of
the Credit Agreement and in each of the other Loan Documents to which such Loan Party is a
party are true and correct on and as of the date hereof, except to the extent that such
representations and warranties expressly relate to an earlier date;

     (b) Since the date of the most recent financial reports of the Company and its
Subsidiaries delivered pursuant to Section 6.01 of the Credit Agreement, no act,
event, condition or circumstance has occurred or arisen which, singly or in the aggregate
with one or more other acts, events, occurrences or conditions (whenever occurring or
arising), has had or could reasonably be expected to have a Material Adverse Effect;

     (c) This Agreement has been duly authorized, executed and delivered by the Borrowers
and constitutes a legal, valid and binding obligation of such parties, except as may be
limited by general principles of equity or by the effect of any applicable bankruptcy,
insolvency, reorganization, moratorium or similar law affecting creditors’ rights generally;
and

     (d) After giving effect to this Agreement, no Default or Event of Default has occurred
and is continuing.

     4. Entire Agreement. This Agreement, together with all the Loan Documents
(collectively, the “Relevant Documents”), sets forth the entire understanding and agreement of the
parties hereto in relation to the subject matter hereof and supersedes any prior negotiations and
agreements among the parties relating to such subject matter. No promise, condition,
representation or warranty, express or implied, not set forth in the Relevant Documents shall bind
any party hereto, and no such party has relied on any such promise, condition, representation or
warranty. Each of the parties hereto acknowledges that, except as otherwise expressly stated in
the Relevant Documents, no representations, warranties or commitments, express or implied, have
been made by any party to the other in relation to the subject matter hereof or thereof. This
Section 4, however, is subject to (i) that certain consent and waiver letter dated December
11, 2006 from Bank of America, N.A., as Lender, to the Borrower and (ii) that certain consent
letter dated November 2, 2007 from Bank of America, N.A., as Lender, to the Borrower. None of the
terms or conditions of this Agreement may be changed, modified, waived

2

 

or canceled orally or otherwise, except in writing and in accordance with Section
10.01 of the Credit Agreement.

     5. Full Force and Effect of Agreement. Except as hereby specifically amended,
modified or supplemented, the Credit Agreement and all other Loan Documents are hereby confirmed
and ratified in all respects and shall be and remain in full force and effect according to their
respective terms, subject to (i) that certain consent and waiver letter dated December 11, 2006
from Bank of America, N.A., as Lender, to the Borrower and (ii) that certain consent letter dated
November 2, 2007 from Bank of America, N.A., as Lender, to the Borrower.

     6. Counterparts. This Agreement may be executed in any number of counterparts, each
of which shall be deemed an original as against any party whose signature appears thereon, and all
of which shall together constitute one and the same instrument.

     7. Governing Law. This Agreement shall in all respects be governed by, and construed
in accordance with, the laws of the Commonwealth of Virginia applicable to contracts executed and
to be performed entirely within such Commonwealth, and shall be further subject to the provisions
of Section 10.13 of the Credit Agreement.

     8. Enforceability. Should any one or more of the provisions of this Agreement be
determined to be illegal or unenforceable as to one or more of the parties hereto, all other
provisions nevertheless shall remain effective and binding on the parties hereto.

     9. References. All references in any of the Loan Documents to the “Credit Agreement”
shall mean the Credit Agreement, as amended hereby.

     10. Successors and Assigns. This Agreement shall be binding upon and inure to the
benefit of the Borrowers, the Administrative Agent and each of the Lenders, and their respective
successors, legal representatives, and assignees to the extent such assignees are permitted
assignees as provided in Section 10.06 of the Credit Agreement.

[Signature pages follow.]

3

 

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

	 	 	 	 	 	 	 
	 	 	BORROWERS:	 	 
	 
	 	 	 	 	 	 
	 	 	INTERSECTIONS INC.	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	Name:
	 	 

	 	 
	 

	 	 	 	 	 	 
	 

	 	Title:	 	 	 	 
	 

	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 	 	CREDITCOM SERVICES, LLC	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	 

	 	 
	 

	 	Name:	 	 	 	 
	 

	 	 	 	 	 	 
	 

	 	Title:	 	 	 	 
	 

	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 	 	INTERSECTIONS HEALTH SERVICES, INC.	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	Name:
	 	 

	 	 
	 

	 	 	 	 	 	 
	 

	 	Title:	 	 	 	 
	 

	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 	 	CHARTER MARKETING SERVICES, INC.	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	Name:
	 	 

	 	 
	 

	 	 	 	 	 	 
	 

	 	Title:	 	 	 	 
	 

	 	 	 	 	 	 

Signature Page 1 of 3

 

 

	 	 	 	 	 	 	 
	 	 	ADMINISTRATIVE AGENT:	 	 
	 
	 	 	 	 	 	 
	 	 	BANK OF AMERICA, N.A., as Administrative Agent	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	 

	 	 
	 

	 	Name:	 	 	 	 
	 

	 	 	 	 	 	 
	 

	 	Title:	 	 	 	 
	 

	 	 	 	 	 	 

Signature Page 2 of 3

 

 

	 	 	 	 	 	 	 
	 	 	LENDERS:	 	 
	 
	 	 	 	 	 	 
	 	 	BANK OF AMERICA, N.A.	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	Name:
	 	 

	 	 
	 

	 	 	 	 	 	 
	 

	 	Title:	 	 	 	 
	 

	 	 	 	 	 	 

Signature Page 3 of 3

 

 

EXHIBIT C

FORM OF COMPLIANCE CERTIFICATE

Financial Statement Date:                     ,                     

			
	To:	 	Bank of America, N.A., as Administrative Agent

Ladies and Gentlemen:

     Reference is made to that certain Credit Agreement, dated as of July 3, 2006 (as amended,
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
Intersections Inc., a Delaware corporation (the “Company”), each Subsidiary of the Company
from time to time party thereto (collectively with the Company, the “Borrowers”), the
Lenders from time to time party thereto, and Bank of America, N.A., as Administrative Agent and L/C
Issuer.

     The undersigned Responsible Officer hereby certifies as of the date hereof that he/she is the                                                           
of the Company, and that, as such, he/she is authorized to execute and deliver this Certificate to
the Administrative Agent on the behalf of the Borrowers, and 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 Company ended as of
the above date, together with the report and opinion of an independent certified public accountant
required by such section.

[Use following paragraph 1 for fiscal quarter-end 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 Company ended as of the
above date. Such financial statements fairly present the financial condition, results of
operations and cash flows of the Company 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. The undersigned has reviewed and is familiar with the terms of the Agreement and has made,
or has caused to be made under his/her supervision, a detailed review of the transactions and
condition (financial or otherwise) of the Company and its Subsidiaries during the accounting period
covered by the attached financial statements.

     3. A review of the activities of the Company and its Subsidiaries during such fiscal period
has been made under the supervision of the undersigned with a view to determining whether during
such fiscal period the Loan Parties have performed and observed all its Obligations under the Loan
Documents, and

Exhibit C

Form of Compliance Certificate

1

 

[select one:]

     [to the best knowledge of the undersigned during such fiscal period, the Loan Parties
performed and observed each covenant and condition of the Loan Documents applicable to it, and no
Default has occurred and is continuing.]

—or—

     [the following covenants or conditions have not been performed or observed and the following
is a list of each such Default and its nature and status:]

     4. The representations and warranties of the Borrowers contained in Article V of the
Agreement, and any representations and warranties of any Loan Party that are contained in any
document furnished at any time under or in connection with the Loan Documents, are true and correct
on and as of the date hereof, except to the extent that such representations and warranties
specifically refer to an earlier date, in which case they are true and correct as of such earlier
date, and except that for purposes of this Compliance Certificate, the representations and
warranties contained in subsections (a) and (b) of Section 5.05 of the Agreement shall be
deemed to refer to the most recent statements furnished pursuant to clauses (a) and (b),
respectively, of Section 6.01 of the Agreement, including the statements in connection with
which this Compliance Certificate is delivered.

     5. The financial covenant analyses and information set forth on Schedule 2 attached
hereto are true and accurate on and as of the date of this Certificate.

     IN WITNESS WHEREOF, the undersigned has executed this Certificate as of                     ,
                    .

	 	 	 	 	 	 	 
	 	 	INTERSECTIONS INC.	 	 
	 
	 

	 	By:	 	 

	 	 
	 

	 	Name:	 	 	 	 
	 

	 	 	 	 	 	 
	 

	 	Title:	 	 	 	 
	 

	 	 	 	 	 	 

Exhibit C

Form of Compliance Certificate

2

 

SCHEDULE 1

to the Compliance Certificate

Financial Statements

(see attached)

Exhibit C

Form of Compliance Certificate

Schedule 1

 

 

For the Quarter/Year ended                                         (“Statement Date”)

SCHEDULE 2

to the Compliance Certificate

($ in 000’s)

I. Section 6.12(b) — Consolidated Leverage Ratio.

	 	 	 	 	 
	A. Consolidated Total Funded Debt at Statement Date:
	 	$	                    	 
	 
	 	 	 	 
	B. Consolidated EBITDA for the 12 month period ending on
above date (“Subject Period”), as adjusted pursuant to
Sections 1.07(a) and (b):
	 	 	 	 
	 
	 	 	 	 
	1. consolidated net income:
	 	$	                    	 
	 
	 	 	 	 
	2. income from discontinued operations and extraordinary items:
	 	$	                    	 
	 
	 	 	 	 
	3. loss from discontinued operations and extraordinary items:
	 	$	                    	 
	 
	 	 	 	 
	4. income taxes:
	 	$	                    	 
	 
	 	 	 	 
	5. interest expense:
	 	$	                    	 
	 
	 	 	 	 
	6. depreciation, depletion, amortization,
impairment of goodwill, write-down of intangibles, and
the amortization and expensing of non-cash stock-based
compensation:
	 	$	                    	 
	 
	 	 	 	 
	7. Screening adjustment
	 	$	                    	 
	 
	 	 	 	 
	8. Consolidated EBITDA (Lines I.B.1. - 2. + 3. + 4. + 5. + 6. - 7.):
	 	$	                    	 
	 
	 	 	 	 
	C. Consolidated Leverage Ratio (Line I.A ÷ Line I.B.8):
	 	                     to 1.00
	 
	 	 	 	 
	Maximum permitted:
	 	2.50 to 1.00

III. Section 6.12(c) – Consolidated Fixed Charge Coverage Ratio.

	 	 	 	 	 
	A. Consolidated Cash Flow for Subject Period, as adjusted
pursuant to Sections 1.07(a) and (b):
	 	 	 	 
	 
	 	 	 	 
	1. net income, after income tax:
	 	$	                    	 
	 
	 	 	 	 
	2. income from discontinued operations and extraordinary items:
	 	$	                    	 
	 
	 	 	 	 
	3. loss from discontinued operations and extraordinary items:
	 	$	                    	 

Exhibit C

Form of Compliance Certificate

Schedule 2

 

 

	 	 	 	 	 
	4. depreciation, amortization and other non-cash charges:
	 	$	                    	 
	 
	 	 	 	 
	5. interest expense on all obligations:
	 	$	                    	 
	 
	 	 	 	 
	6. dividends, withdrawals and other
distributions (to include stock buybacks):
	 	$	                    	 
	 
	 	 	 	 
	7. unfinanced capital expenditures:
	 	$	                    	 
	 
	 	 	 	 
	8. Screening adjustment:
	 	$	                    	 
	 
	 	 	 	 
	9. Consolidated Cash Flow
(Lines II.A.1. – 2. + 3. + 4. + 5. – 6. – 7. – 8.):
	 	$	                    	 
	 
	 	 	 	 
	B. Consolidated Fixed Charges for Subject Period:
	 	 	 	 
	 
	 	 	 	 
	1. Current portion (scheduled principal)
of long term debt as of the above date:
	 	$	                    	 
	 
	 	 	 	 
	2. Current portion (scheduled principal)
of capitalized lease obligations as of the above date:
	 	$	                    	 
	 
	 	 	 	 
	3. interest expense on all obligations during the Subject Period:
	 	$	                    	 
	 
	 	 	 	 
	4. Ordinary Dividends paid during the Subject Period:
	 	$	                    	 
	 
	 	 	 	 
	5. Consolidated Fixed Charges (Lines II.B.1. + 2. + 3. + 4.):
	 	$	                    	 
	 
	 	 	 	 
	C. Consolidated Fixed Charge Coverage Ratio:
	 	 	 	 
	 
	((Lines II.A.9. ÷ II.B.5.)
	 	                    to 1.00
	 
	 	 	 	 
	Minimum permitted:
	 	1.25 to 1.00

Exhibit C

Form of Compliance Certificate

Schedule 2exv10w21w3

 

Exhibit 10.21.3

AMENDMENT NO. 2 TO CREDIT AGREEMENT

     This Amendment No. 2 to Credit Agreement (this “Agreement”) dated as of January 31, 2008 is
made by and among INTERSECTIONS INC., a Delaware corporation (the “Company”), the Subsidiaries of
the Company party hereto (together with the Company, the “Borrowers” and each a “Borrower”), BANK
OF AMERICA, N.A., a national banking association organized and existing under the laws of the
United States (“Bank of America”), in its capacity as administrative agent for the Lenders (as
defined in the Credit Agreement (as defined below)) (in such capacity, the “Administrative Agent”),
and each of the Lenders signatory hereto.

W I T N E S S E T H:

     WHEREAS, the Borrowers, the Administrative Agent and the Lenders have entered into that
certain Credit Agreement dated as of July 3, 2006 (as heretofore amended, as hereby amended and as
from time to time hereafter further amended, modified, supplemented, restated, or amended and
restated, the “Credit Agreement”; capitalized terms used in this Agreement not otherwise defined
herein shall have the respective meanings given thereto in the Credit Agreement), pursuant to which
the Lenders have made available to the Borrowers a term loan facility and a revolving credit
facility, including a subfacility for letters of credit; and

     WHEREAS, pursuant to Section 2.01(a) of the Credit Agreement, the Lenders made a term
loan to the Borrowers on the Closing Date in a principal amount of $15,000,000 (the “Initial Term
Loan”); and

     WHEREAS, the Company has entered into that certain Membership Purchase Agreement (“Purchase
Agreement”) with Citibank (South Dakota), N.A. (the “Seller”) dated as of January 31, 2008, whereby
the Company is purchasing certain assets of the Seller related to its credit monitoring product
(the “Purchase Transaction”; the Purchase Agreement, together with all other instruments, documents
and agreements entered into in connection with the Purchase Transaction are collectively referred
to herein as the “Purchase Transaction Documents”); and

     WHEREAS, in order to finance, in part, the Purchase Transaction, the Borrowers have requested
that the Lenders make an additional term loan advance to the Borrowers on the date hereof in a
principal amount of $16,611,111.14 pursuant to Section 2.01(a) (as amended hereby) (the
"Additional Term Loan”); and the Lenders are willing to make the Additional Term Loan on and
subject to the terms and conditions set forth in this Agreement; and

     WHEREAS, in order the accommodate the Borrowers, the Lenders are willing to amend the Credit
Agreement, among the other amendments contained herein, to provide for the Additional Term Loan,
and the Lenders are willing to effect such amendments on the terms and conditions contained in this
Agreement;

     NOW, THEREFORE, in consideration of the premises and further valuable consideration, the
receipt and sufficiency of which is hereby acknowledged, the parties hereto agree as follows:

 

 

     1. Amendments to Credit Agreement. Subject to the terms and conditions set forth
herein, the Credit Agreement is hereby amended as follows:

          (a) Section 1.01 is amended as follows:

(i) Each of the following definitions shall be
added in its appropriate alphabetical order:

“Additional Term Loan” shall have the meaning set forth in the
recitals to the Second Amendment.

“Excess Cash Flow” means, for any fiscal year of the Company and its
Subsidiaries on a consolidated basis, the excess (if any) of (a)
Consolidated EBITDA for such fiscal year over (b) the sum (for such
fiscal year) of (i) Consolidated Interest Charges actually paid in cash by
the Borrower and its Subsidiaries, (ii) scheduled principal repayments, to
the extent actually made, of Term Loans pursuant to Section 2.07(b)
and other Indebtedness of the Borrower permitted by Section 7.03(e),
(iii) all income taxes actually paid in cash by the Company and its
Subsidiaries, and (iv) capital expenditures actually made by the Company and
its Subsidiaries in such fiscal year.

“Initial Term Loan” shall have the meaning set forth in the recitals
to the Second Amendment.

“Second Amendment” means that certain Amendment No. 2 to Credit
Agreement dated January 31, 2008 among the Borrowers, the Administrative
Agent and the Lenders party thereto.

“Second Amendment Date” means January 31, 2008.

(ii) The definition of “Borrowing” is replaced with the following
definition:

“Borrowing” means any of (i) the advance of a Term Loan on the
Closing Date or Second Amendment Date, as applicable, pursuant to
Section 2.01, or (ii) a Revolving Borrowing, as the context may
require.

(iii) The definition of “Term Loan” is replaced with
the following definition:

“Term Loan” means, prior to the Second Amendment Date, the Initial
Term Loan, and on and after the Second Amendment Date, the Initial Term Loan
and the Additional Term Loan, collectively.

(iv) The definition of “Term Loan Facility” is
replaced with the following definition

2

 

“Term Loan Facility” means the term loan facility described in
Section 2.01 providing for advances of the Term Loan to the
Borrowers by the Term Loan Lenders.

(v) The definition of “Revolving Credit Maturity
Date” is replaced with the following definition:

“Revolving Credit Maturity Date” means December 31, 2011.

(vi) The definition of “Term Loan Maturity Date” is
replaced with the following definition:

“Term Loan Maturity Date” means (a) December 31, 2011 or (b) such
earlier date upon which the Outstanding Amounts under the Term Loan
Facility, including all accrued and unpaid interest, are paid or required to
be prepaid in full in accordance with the terms hereof.

     (b)
Sections 1.07(a) and (b) are amended by replacing the reference to
“Section 6.12(b) and (c)“in such Sections with a reference to “Sections 6.12(a), (b) and
(c).”

     (c) Section 2.01 is amended by replacing such Section in its entirety with the
following:

     “2.01 Term Loan. (a) Subject to the terms and conditions of this Agreement,
each Term Loan Lender severally agrees to make an advance to the Borrowers of its
Applicable Term Loan Percentage of (i) the Initial Term Loan on the Closing Date and
(ii) the Additional Term Loan on the Second Amendment Date. The principal amount of
the Term Loan outstanding hereunder from time to time shall bear interest and the
Term Loan shall be repayable as herein provided. No amount of the Term Loan repaid
or prepaid by the Borrowers may be reborrowed hereunder, and other than the advance
of the Initial Term Loan on the Closing Date or the Additional Term Loan on the
Second Amendment Date, there shall be no other advances under the Term Loan
Facility.

     (b) Each Term Loan Lender shall, pursuant to the terms and subject to the
conditions of this Agreement, make the amounts its Applicable Term Loan Percentage
of the Term Loan available by wire transfer to the Administrative Agent not later
than 1:00 P.M. (i) on the Closing Date, with respect to the Initial Term Loan and
(ii) on the Second Amendment Date, with respect to the Additional Term Loan. Such
wire transfers shall be directed to the Administrative Agent at the Administrative
Agent’s Office and shall be in the form of same day funds in Dollars. The amount so
received by the Administrative Agent shall, subject to the terms and conditions of
this Agreement, including the satisfaction of all applicable conditions in
Sections 4.01 and 4.02 and, with respect to the Additional Term
Loan, the conditions precedent set forth in the Second Amendment, be made available
to the Borrowers by delivery of the

3

 

proceeds thereof as shall be directed by a Responsible Officer of the Company
and reasonably acceptable to the Administrative Agent.”

     (d) Section 2.05(b) is amended by replacing the cross reference to “Section
2.07(b)” in the first clause of the first sentence of subsection (b) thereof with a
cross reference to “Sections 2.05(d) or 2.07(b)”.

     (e) Section 2.05 is amended by adding new subsection (d) thereto to read as
follows:

     “(d) Other Mandatory Term Loan Prepayments.

     (i) Within five (5) Business Days after financial statements have been
delivered pursuant to Section 6.01(a) (beginning with the financial
statements delivered for the fiscal year ended December 31, 2008) and the related
Compliance Certificate has been delivered pursuant to Section 6.02(b), if
the Consolidated Leverage Ratio is greater than 1.00 to 1.00, the Borrowers shall
prepay an aggregate principal amount of Loans equal to the excess (if any) of (A)
25% of Excess Cash Flow for the fiscal year covered by such financial statements
over (B) the aggregate principal amount of Term Loans prepaid pursuant to
Section 2.05(b) (such prepayments to be applied as set forth in clause (iii)
below).

     (ii) Upon the sale or issuance by any Loan Party or any of its Subsidiaries of
any of its Equity Interests, the Borrowers shall prepay an aggregate principal
amount of Loans equal to 100% of all Net Cash Proceeds received therefrom
immediately upon receipt thereof by such Loan Party or such Subsidiary (such
prepayments to be applied as set forth in clause (iii) below).

     (iii) Each prepayment of Loans pursuant to the foregoing provisions of this
Section 2.05(d) shall be applied, first to principal installments of
the Term Loan in inverse order of maturity and second to amounts outstanding
under the Revolving Credit Facility.”

     (f) Section 2.07(b) is amended by replacing the amortization table contained
therein with the following:

	 	 	 	 	 
	Date	 	Amount
	Monthly, beginning on February 29,
2008 and continuing on the last
Business Day of each month thereafter
until the Term Loan Maturity Date

	 	$	583,333.33	 
	 
	 	 	 	 
	Term Loan Maturity Date

	 	The remaining Outstanding Amount
of the Term Loan

4

 

     (g) Section 6.12(a) is amended by replacing such Section with the following:

     “(a) Minimum Consolidated EBITDA. Consolidated EBITDA shall not be
less than (i) $6,000,000 for the fiscal quarter of the Borrowers ending December 31,
2007, (ii) $6,300,000 for the fiscal quarter of the Borrower ending March 31, 2008,
and (iii) $8,000,000 for each of the fiscal quarters of the Borrowers ending June
30, 2008 and September 30, 2008.”

     (h) Section 6.12(b) is amended by replacing such Section with the following:

     “(b) Consolidated Leverage Ratio. Beginning with the Company’s fiscal
year ended December 31, 2008, maintain a Consolidated Leverage Ratio not to exceed
2.00 to 1.00. The Consolidated Leverage Ratio will be calculated at the end of each
reporting period, beginning with the Company’s fiscal year ended December 31, 2008,
for which this Agreement requires the Company to deliver financial statements, using
the results of the twelve-month period ending with that reporting period.”

     (i) Section 7.07 is amended by replacing such Section with the following:

“7.07 Acquisitions. Enter into any agreement, contract, binding commitment or other
arrangement providing for any Acquisition, or take any action to solicit the tender
of securities or proxies in respect thereof in order to effect any Acquisition,
unless (a) the Person to be (or whose assets are to be) acquired does not oppose
such Acquisition and the line or lines of business of the Person to be acquired are
substantially the same as one or more line or lines of business conducted by
Borrowers and their Subsidiaries, or substantially related or incidental thereto,
(b) no Default or Event of Default shall have occurred and be continuing either
immediately prior to or immediately after giving effect to such Acquisition and
prior to effecting any such transaction, Borrowers shall have furnished to Agent (i)
pro forma historical financial statements as of the end of the most recently
completed fiscal year of the Company and most recent interim fiscal quarter, if
applicable, giving effect to such Acquisition and (ii) a Compliance Certificate
prepared on a historical pro forma basis as of the most recent date for which
financial statements have been furnished pursuant to Section 4.01(a) or
Section 6.01(a) or (b) giving effect to such Acquisition, which
certificate shall demonstrate that no Default or Event of Default would exist
immediately after giving effect thereto, (c) the Person acquired shall be a
wholly-owned Subsidiary, or be merged into a Borrower or any wholly-owned
Subsidiary, immediately upon consummation of the Acquisition (or if assets are being
acquired, the acquirer shall be any Borrower or any wholly-owned Subsidiary), and
(d) after giving effect to such Acquisition, the aggregate Costs of Acquisition
incurred during the fiscal year in which such Acquisition is made shall not exceed
$25,000,000 (not more than $7,500,000 of which shall be in cash).”

     (j) The existing Exhibit B-1 to the Credit Agreement is replaced with the
Exhibit B-1 attached hereto.

5

 

     (k) The existing Exhibit C to the Credit Agreement is replaced with the
Exhibit C attached hereto.

     2. Effectiveness; Conditions Precedent. This Agreement and the amendments to the
Credit Agreement herein provided shall become effective as of January 31, 2008 upon satisfaction of
the following conditions precedent:

     (a) the Administrative Agent shall have received each of the following documents or
instruments in form and substance reasonably acceptable to the Administrative Agent:

(i) counterparts of this Agreement, duly executed by the Borrowers, the
Administrative Agent and the Lenders, together with all schedules and exhibits
thereto duly completed;

(ii) a Term Loan Note executed by each Borrower in favor of each Term Loan Lender;

(iii) a Revolving Loan Note executed by Captira and NEI in favor of each Revolving
Lender;

(iv) a Designated Co-Borrower Request and Assumption Agreement duly executed by
Captira Analytical, LLC, a Delaware limited liability company and a wholly-owned
Subsidiary of the Company (“Captira”), and the Company;

(v) a Designated Co-Borrower Request and Assumption Agreement duly executed by Net
Enforcer’s, Inc., a Florida corporation and wholly-owned Subsidiary of the Company
(“NEI”), and the Company;

(vi) a Security Joinder Agreement (as defined in the Security Agreement) executed by
Captira as required by the terms thereof and of the Credit Agreement;

(vii) a Security Joinder Agreement (as defined in the Security Agreement) executed
by NEI as required by the terms thereof and of the Credit Agreement;

(viii) a Pledge Agreement Supplement (as defined in the Pledge Agreement) with
respect to the Company’s ownership interests in Captira and NEI, together with all
stock certificates and accompanying stock powers duly executed in blank with respect
to such ownership interest in NEI;

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

6

 

(x) such documents and certifications as the Administrative Agent may reasonably
require to evidence that each Loan Party is duly organized or formed, and that each
Loan Party is validly existing, in good standing and qualified to engage in business
in each jurisdiction where its ownership, lease or operation of properties or the
conduct of its business requires such qualification, except to the extent that
failure to do so could not reasonably be expected to have a Material Adverse Effect;

(xi) favorable opinions of counsel to the Loan Parties acceptable to the
Administrative Agent addressed to the Administrative Agent and each Lender, as to
the matters set forth concerning the Loan Parties and the Loan Documents in form and
substance satisfactory to the Administrative Agent;

(xii) evidence that the Administrative Agent, for the benefit of the Lenders, holds
a perfected, first priority Lien in the Collateral (subject to no other Liens except
Permitted Liens);

(xiii) certificate of a Responsible Officer of the Company certifying that (a)
contemporaneously with and immediately upon the effectiveness of this Agreement, the
Purchase Transaction has been consummated in accordance with the Purchase
Transaction Documents without amendment or waiver of any of the material terms or
conditions thereof except as shall have been disclosed to and approved by the
Administrative Agent and (b) attached to such certificate are duly executed copies
of the Transaction Documents;

(xiv) such other documents, instruments, opinions, certifications, undertakings,
further assurances and other matters as the such other assurances, certificates,
documents, consents or opinions as the Administrative Agent, the L/C Issuer, or the
Required Lenders reasonably may require;

     (b) the Borrowers shall deliver to the Administrative Agent evidence that all insurance
required to be maintained pursuant to the Loan Documents has been obtained and is in effect;
and

     (c) all fees and expenses payable to the Administrative Agent and the Lenders
(including the fees and expenses of counsel to the Administrative Agent) estimated to date
shall have been paid in full (without prejudice to final settling of accounts for such fees
and expenses).

     3. Effectiveness; Conditions Subsequent. The continued effectiveness of this Agreement
and the amendments herein provided shall be subject to the satisfaction of the following conditions
subsequent within 30 days of the date hereof:

     (a) the Administrative Agent shall have received from Captira and NEI fully completed
schedules to their respective Security Joinder Agreement referred to in Section
2(a)(vi) and (vii) hereof, respectively, in each case in form and substance
satisfactory to the Administrative Agent; and

7

 

     (b) the Loan Parties shall deliver all Perfection Documents (as defined in the Security
Agreement), take all Perfection Action (as defined in the Security Agreement), and do or
cause to be done all things required by the Pledge Agreement with respect to Pledged
Interests, in each case as the Administrative Agent shall request (in accordance with the
terms of the Loan Documents).

     For the avoidance of doubt, any failure by the Company or its Subsidiaries to satisfy any
condition subsequent set forth in this Section 3, and such failure has not otherwise been
waived or consented to by the Administrative Agent (including an extension of time for satisfaction
of any such conditions subsequent), shall constitute an Event of Default.

     4. Representations and Warranties. In order to induce the Administrative Agent and
the Lenders to enter into this Agreement, the Borrower represents and warrants to the
Administrative Agent and the Lenders as follows:

     (a) The representations and warranties made by each Loan Party in Article V of
the Credit Agreement and in each of the other Loan Documents to which such Loan Party is a
party are true and correct on and as of the date hereof, except to the extent that such
representations and warranties expressly relate to an earlier date;

     (b) Since the date of the most recent financial reports of the Company and its
Subsidiaries delivered pursuant to Section 6.01 of the Credit Agreement, no act,
event, condition or circumstance has occurred or arisen which, singly or in the aggregate
with one or more other acts, events, occurrences or conditions (whenever occurring or
arising), has had or could reasonably be expected to have a Material Adverse Effect;

     (c) The Persons constituting Borrowers after giving effect to the effectiveness hereof
(and assuming satisfaction of the conditions subsequent set forth in Section 3 of
this Agreement) are all Persons required to be Designated Co-Borrowers under Section
6.13 of the Credit Agreement.

     (d) This Agreement has been duly authorized, executed and delivered by the Borrowers
and constitutes a legal, valid and binding obligation of such parties, except as may be
limited by general principles of equity or by the effect of any applicable bankruptcy,
insolvency, reorganization, moratorium or similar law affecting creditors’ rights generally;
and

     (e) After giving effect to this Agreement, no Default or Event of Default has occurred
and is continuing.

     5. Entire Agreement. This Agreement, together with all the Loan Documents, that
certain consent and waiver letter dated August 25, 2006 from Bank of America, N.A., as
Lender, to the Company, and that certain consent letter dated November 2, 2007 from Bank of
America, N.A., as Lender, to the Company (collectively, the “Relevant Documents”), sets forth the
entire understanding and agreement of the parties hereto in relation to the subject matter hereof
and supersedes any prior negotiations and agreements among the parties relating to such subject
matter. No promise, condition, representation or warranty, express or implied, not set forth in
the Relevant Documents shall bind any party hereto, and no such party has relied on any such

8

 

promise, condition, representation or warranty. Each of the parties hereto acknowledges that,
except as otherwise expressly stated in the Relevant Documents, no representations, warranties or
commitments, express or implied, have been made by any party to the other in relation to the
subject matter hereof or thereof. None of the terms or conditions of this Agreement may be
changed, modified, waived or canceled orally or otherwise, except in writing and in accordance with
Section 10.01 of the Credit Agreement.

     6. Full Force and Effect of Agreement. Except as hereby specifically amended,
modified or supplemented, the Credit Agreement and all other Loan Documents are hereby confirmed
and ratified in all respects and shall be and remain in full force and effect according to their
respective terms, as modified by (i) that certain consent and waiver letter dated August 25,
2006 from Bank of America, N.A., as Lender, to the Company and (ii) that certain consent
letter dated November 2, 2007 from Bank of America, N.A., as Lender, to the Company.

     7. Counterparts. This Agreement may be executed in any number of counterparts, each
of which shall be deemed an original as against any party whose signature appears thereon, and all
of which shall together constitute one and the same instrument.

     8. Governing Law. This Agreement shall in all respects be governed by, and construed
in accordance with, the laws of the Commonwealth of Virginia applicable to contracts executed and
to be performed entirely within such Commonwealth, and shall be further subject to the provisions
of Section 10.13 of the Credit Agreement.

     9. Enforceability. Should any one or more of the provisions of this Agreement be
determined to be illegal or unenforceable as to one or more of the parties hereto, all other
provisions nevertheless shall remain effective and binding on the parties hereto.

     10. References. All references in any of the Loan Documents to the “Credit Agreement”
shall mean the Credit Agreement, as amended hereby.

     11. Successors and Assigns. This Agreement shall be binding upon and inure to the
benefit of the Borrowers, the Administrative Agent and each of the Lenders, and their respective
successors, legal representatives, and assignees to the extent such assignees are permitted
assignees as provided in Section 10.06 of the Credit Agreement.

[Signature pages follow.]

9

 

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

	 	 	 	 	 
	 	 	BORROWERS:
	 
	 	 	 	 
	 	 	INTERSECTIONS INC.
	 
	 	 	 	 
	 

	 	By:	 	 
	 

	 	 	 	 
	 

	 	Name:	 	 
	 

	 	 	 	 
	 

	 	Title:	 	 
	 

	 	 	 	 
	 
	 	 	 	 
	 	 	CREDITCOMM SERVICES LLC
	 
	 	 	 	 
	 

	 	By:	 	 
	 

	 	 	 	 
	 

	 	Name:	 	 
	 

	 	 	 	 
	 

	 	Title:	 	 
	 

	 	 	 	 
	 
	 	 	 	 
	 	 	INTERSECTIONS HEALTH SERVICES, INC.
	 
	 	 	 	 
	 

	 	By:	 	 
	 

	 	 	 	 
	 

	 	Name:	 	 
	 

	 	 	 	 
	 

	 	Title:	 	 
	 

	 	 	 	 
	 
	 	 	 	 
	 	 	INTERSECTIONS INSURANCE SERVICES INC.
	 
	 	 	 	 
	 

	 	By:	 	 
	 

	 	 	 	 
	 

	 	Name:	 	 
	 

	 	 	 	 
	 

	 	Title:	 	 
	 

	 	 	 	 
	 
	 	 	 	 
	 	 	CAPTIRA ANALYTICAL, LLC
	 
	 	 	 	 
	 

	 	By:	 	 
	 

	 	 	 	 
	 

	 	Name:	 	 
	 

	 	 	 	 
	 

	 	Title:	 	 
	 

	 	 	 	 

AMENDMENT NO. 2 TO CREDIT AGREEMENT

Signature Page

 

 

	 	 	 	 	 
	 	 	NET ENFORCERS, INC.
	 
	 	 	 	 
	 

	 	By:	 	 
	 

	 	 	 	 
	 

	 	Name:	 	 
	 

	 	 	 	 
	 

	 	Title:	 	 
	 

	 	 	 	 

AMENDMENT NO. 2 TO CREDIT AGREEMENT

Signature Page

 

 

	 	 	 	 	 
	 	 	ADMINISTRATIVE AGENT:
	 
	 	 	 	 
	 	 	BANK OF AMERICA, N.A., as Administrative Agent
	 
	 	 	 	 
	 

	 	By:	 	 
	 

	 	 	 	 
	 

	 	Name:	 	 
	 

	 	 	 	 
	 

	 	Title:	 	 
	 

	 	 	 	 

AMENDMENT NO. 2 TO CREDIT AGREEMENT

Signature Page

 

 

	 	 	 	 	 
	 	 	LENDERS:
	 
	 	 	 	 
	 	 	BANK OF AMERICA, N.A.
	 
	 	 	 	 
	 

	 	By:	 	 
	 

	 	 	 	 
	 

	 	Name:	 	 
	 

	 	 	 	 
	 

	 	Title:	 	 
	 

	 	 	 	 

AMENDMENT NO. 2 TO CREDIT AGREEMENT

Signature Page

 

 

EXHIBIT B-1

FORM OF TERM LOAN NOTE

January 31, 2008

     FOR VALUE RECEIVED, the undersigned (the “Borrowers”) hereby, jointly and severally,
promise to pay to                      or registered assigns (the “Lender”), in accordance
with the provisions of the Agreement (as hereinafter defined), the principal amount of each Term
Loan from time to time made by the Lender to the Borrowers under that certain Credit Agreement,
dated as of July 3, 2006 (as amended by Amendment No. 1 to Credit Agreement dated November 29,
2007, Amendment No. 2 to Credit Agreement dated as of the date hereof, as further amended,
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 the
Borrowers, the Lenders from time to time party thereto, and Bank of America, N.A., as
Administrative Agent and L/C Issuer.

     The Borrowers, jointly and severally, promise to pay interest on the unpaid principal amount
of each Term Loan from the date of such Term 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 Lender in Dollars in
immediately available funds at the Administrative Agent’s Office. 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 Loan Note is one of the Term Loan 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. Upon the occurrence and continuation of one or more of the Events of Default
specified in the Agreement, all amounts then remaining unpaid on this Term Loan Note shall become,
or may be declared to be, immediately due and payable all as provided in the Agreement. Term Loans
made by the Lender shall be evidenced by one or more loan accounts or records maintained by the
Lender in the ordinary course of business. The Lender may also attach schedules to this Term Loan
Note and endorse thereon the date, amount and maturity of its Term Loans and payments with respect
thereto.

     Each Borrower, for itself, its successors and assigns, hereby waives diligence, presentment,
protest and demand and notice of protest, demand, dishonor and non-payment of this Term Loan Note.

 

 

     THIS TERM LOAN NOTE SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE
COMMONWEALTH OF VIRGINIA.

	 	 	 	 	 
	 	 	INTERSECTIONS INC.
	 

	 	By:	 	 
	 

	 	 	 	 
	 

	 	Name:	 	 
	 

	 	 	 	 
	 

	 	Title:	 	 
	 

	 	 	 	 
	 
	 	 	 	 
	 	 	CREDITCOMM SERVICES LLC
	 
	 	 	 	 
	 

	 	By:	 	 
	 

	 	 	 	 
	 

	 	Name:	 	 
	 

	 	 	 	 
	 

	 	Title:	 	 
	 

	 	 	 	 
	 
	 	 	 	 
	 	 	INTERSECTIONS HEALTH SERVICES, INC.
	 
	 	 	 	 
	 

	 	By:	 	 
	 

	 	 	 	 
	 

	 	Name:	 	 
	 

	 	 	 	 
	 

	 	Title:	 	 
	 

	 	 	 	 
	 
	 	 	 	 
	 	 	INTERSECTIONS INSURANCE SERVICES INC.
	 
	 	 	 	 
	 

	 	By:	 	 
	 

	 	 	 	 
	 

	 	Name:	 	 
	 

	 	 	 	 
	 

	 	Title:	 	 
	 

	 	 	 	 
	 
	 	 	 	 
	 	 	CAPTIRA ANALYTICAL, LLC
	 
	 	 	 	 
	 

	 	By:	 	 
	 

	 	 	 	 
	 

	 	Name:	 	 
	 

	 	 	 	 
	 

	 	Title:	 	 
	 

	 	 	 	 
	 
	 	 	 	 
	 	 	NET ENFORCERS, INC.
	 
	 	 	 	 
	 

	 	By:	 	 
	 

	 	 	 	 
	 

	 	Name:	 	 
	 

	 	 	 	 
	 

	 	Title:	 	 
	 

	 	 	 	 

 

 

TERM LOANS AND PAYMENTS WITH RESPECT THERETO

	 	 	 	 	 	 	 	 	 
	 	 	 	 	Amount of	 	 	 	 
	 	 	 	 	Principal or	 	Outstanding	 	 
	 	 	Amount of	 	Interest Paid	 	Principal Balance	 	 
	Date	 	Loan Made	 	This Date	 	This Date	 	Notation Made By
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 

 

 

EXHIBIT C

FORM OF COMPLIANCE CERTIFICATE

Financial Statement Date:                     , _____

To:      Bank of America, N.A., as Administrative Agent

Ladies and Gentlemen:

     Reference is made to that certain Credit Agreement, dated as of July 3, 2006 (as amended,
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
Intersections Inc., a Delaware corporation (the “Company”), each Subsidiary of the Company
from time to time party thereto (collectively with the Company, the “Borrowers”), the
Lenders from time to time party thereto, and Bank of America, N.A., as Administrative Agent and L/C
Issuer.

     The undersigned Responsible Officer hereby certifies as of the date hereof that he/she is the
                                        of the Company, and that, as such, he/she is authorized to execute and deliver this Certificate to
the Administrative Agent on the behalf of the Borrowers, and 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 Company ended as of
the above date, together with the report and opinion of an independent certified public accountant
required by such section.

[Use following paragraph 1 for fiscal quarter-end 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 Company ended as of the
above date. Such financial statements fairly present the financial condition, results of
operations and cash flows of the Company 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. The undersigned has reviewed and is familiar with the terms of the Agreement and has made,
or has caused to be made under his/her supervision, a detailed review of the transactions and
condition (financial or otherwise) of the Company and its Subsidiaries during the accounting period
covered by the attached financial statements.

     3. A review of the activities of the Company and its Subsidiaries during such fiscal period
has been made under the supervision of the undersigned with a view to determining whether during
such fiscal period the Loan Parties have performed and observed all its Obligations under the Loan
Documents, and

Exhibit C

Form of Compliance Certificate

 

 

[select one:]

     [to the best knowledge of the undersigned during such fiscal period, the Loan Parties
performed and observed each covenant and condition of the Loan Documents applicable to it, and no
Default has occurred and is continuing.]

—or—

     [the following covenants or conditions have not been performed or observed and the following
is a list of each such Default and its nature and status:]

     4. The representations and warranties of the Borrowers contained in Article V of the
Agreement, and any representations and warranties of any Loan Party that are contained in any
document furnished at any time under or in connection with the Loan Documents, are true and correct
on and as of the date hereof, except to the extent that such representations and warranties
specifically refer to an earlier date, in which case they are true and correct as of such earlier
date, and except that for purposes of this Compliance Certificate, the representations and
warranties contained in subsections (a) and (b) of Section 5.05 of the Agreement shall be
deemed to refer to the most recent statements furnished pursuant to clauses (a) and (b),
respectively, of Section 6.01 of the Agreement, including the statements in connection with
which this Compliance Certificate is delivered.

     5. The financial covenant analyses and information set forth on Schedule 2 attached
hereto are true and accurate on and as of the date of this Certificate.

     IN WITNESS WHEREOF, the undersigned has executed this Certificate as of                     , ___.

	 	 	 	 	 
	 	 	INTERSECTIONS INC.
	 
	 	 	 	 
	 

	 	By:	 	 
	 

	 	 	 	 
	 

	 	Name:	 	 
	 

	 	 	 	 
	 

	 	Title:	 	 
	 

	 	 	 	 

Exhibit C

Form of Compliance Certificate

 

 

SCHEDULE 1

to the Compliance Certificate

Financial Statements

(see attached)

Exhibit C

Form of Compliance Certificate

Schedule 1

 

 

For the Quarter/Year ended                     (“Statement Date”)

SCHEDULE 2

to the Compliance Certificate

($ in 000’s)

	I.	 	Section 6.12(a) — Minimum Consolidated EBITDA.
	 
	 	 	(For each Fiscal Quarter of the Company ended on each of December
31, 2007, March 31, 2008, June 30, 2008 and September 30, 2008)

	 	 	 	 	 	 	 	 	 	 	 
	 

	 	A. Consolidated EBITDA for the quarter ending on the above date
(calculated pursuant to Item II. B. below):
	 	 	 	$	 	 	 	 
	 

	 	 	 	 	 	 	 	 	 	 

	 	 	 	 	 
	Minimum Permitted
	Fiscal Quarter Ended:	 	Amount:
	December 31, 2007
	 	$	6,000,000	 
	March 31, 2008
	 	$	6,300,000	 
	June 30, 2008 and September 30, 2008
	 	$	8,000,000	 

	II.	 	Section 6.12(b) — Consolidated Leverage Ratio.
	 
	 	 	(For each fiscal period of the Company ending on or after
December 31, 2008)

	 	 	 	 	 	 	 	 	 	 	 	 	 
	 

	 	A.
	 	Consolidated Total Funded Debt at Statement Date:
	 	 	 	$	 	 	 	 
	 

	 	 	 	 	 	TM 	 	 	 	 	 	 
	 
	 

	 	B.
	 	Consolidated EBITDA for the 12 month period ending on
above date (“Subject Period”), as adjusted pursuant to
Sections 1.07(a) and (b):	 	 	 	 	 	 	 	 

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 

	 	 	1.	 	 	consolidated net income:
	 	 	 	$	 	 	 	 
	 

	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 

	 	 	2.	 	 	income from discontinued operations and extraordinary items:
	 	 	 	$	 	 	 	 
	 

	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 

	 	 	3.	 	 	loss from discontinued operations and extraordinary items:
	 	 	 	$	 	 	 	 
	 

	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 

	 	 	4.	 	 	income taxes:
	 	 	 	$	 	 	 	 
	 

	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 

	 	 	5.	 	 	interest expense:
	 	 	 	$	 	 	 	 
	 

	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 

	 	 	6.	 	 	depreciation, depletion, amortization,
impairment of goodwill, write-down of intangibles, and
the amortization and expensing of non-cash stock-based
compensation:
	 	 	 	$	 	 	 	 
	 

	 	 	 	 	 	 	 	 	 	 	 	 	 	 

Exhibit C

Form of Compliance Certificate

Schedule 2

 

 

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 

	 	 	7.	 	 	Screening adjustment
	 	 	 	$	 	 	 	 
	 

	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 

	 	 	8.	 	 	Consolidated EBITDA (Lines I.B.1. — 2. + 3. + 4. + 5. + 6. — 7.):
	 	 	 	$	 	 	 	 
	 

	 	 	 	 	 	 	 	 	 	 	 	 	 	 

	 	 	 	 	 	 	 
	 

	C.
	 	Consolidated Leverage Ratio (Line I.A ÷ Line I.B.8):
	 	                     to 1.00
	 
	 
	 	 	 	 	 	 
	 

	 	 	   Maximum permitted:
	 	2.00 to 1.00	 

	III.	 	Section 6.12(c) — Consolidated Fixed Charge Coverage Ratio.

	 	 	 	 	 	 	 	 	 
	 

	 	A.
	 	  Consolidated Cash Flow for Subject Period, as adjusted
pursuant to Sections 1.07(a) and (b):
	 	 
	 	 

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 

	 	 	1.	 	 	net income, after income tax:
	 	 	 	$	 	 	 	 
	 

	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 

	 	 	2.	 	 	income from discontinued operations and extraordinary items:
	 	 	 	$	 	 	 	 
	 

	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 

	 	 	3.	 	 	loss from discontinued operations and extraordinary items:
	 	 	 	$	 	 	 	 
	 

	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 

	 	 	4.	 	 	depreciation, amortization and other non-cash charges:
	 	 	 	$	 	 	 	 
	 

	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 

	 	 	5.	 	 	interest expense on all obligations:
	 	 	 	$	 	 	 	 
	 

	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 

	 	 	6.	 	 	dividends, withdrawals and other
distributions (to include stock buybacks):
	 	 	 	$	 	 	 	 
	 

	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 

	 	 	7.	 	 	unfinanced capital expenditures:
	 	 	 	$	 	 	 	 
	 

	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 

	 	 	8.	 	 	Screening adjustment:
	 	 	 	$	 	 	 	 
	 

	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 

	 	 	9.	 	 	Consolidated Cash Flow	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	(Lines II.A.1. — 2. + 3. + 4. + 5. — 6. — 7. — 8.):
	 	 	 	$	 	 	 	 
	 

	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 

	B.	 	Consolidated Fixed Charges for Subject Period:	 	 	 	 	 	 	 	 
	 
	 

	 	 	1.	 	 	Current portion (scheduled principal)
of long term debt as of the above date:
	 	 	 	$	 	 	 	 
	 

	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 

	 	 	2.	 	 	Current portion (scheduled principal)
of capitalized lease obligations as of the above date:
	 	 	 	$	 	 	 	 
	 

	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 

	 	 	3.	 	 	interest expense on all obligations during the Subject Period:
	 	 	 	$	 	 	 	 
	 

	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 

	 	 	4.	 	 	Ordinary Dividends paid during the Subject Period:
	 	 	 	$	 	 	 	 
	 

	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 

	 	 	5.	 	 	Consolidated Fixed Charges (Lines II.B.1. + 2. + 3. + 4.):
	 	 	 	$	 	 	 	 
	 

	 	 	 	 	 	 	 	 	 	 	 	 	 	 

Exhibit C

Form of Compliance Certificate

Schedule 2

 

 

	 	 	 	 	 	 	 	 
	 

	 	C.
	 	Consolidated Fixed Charge Coverage Ratio:
	 	 	 
	 
	 	 	 	 	 	 	 
	 

	 	 	 	((Lines II.A.9. ÷ II.B.5.)
	 	                     to 1.00	 
	 
	 	 	 	 	 	 	 
	 

	 	 	 	Minimum permitted:
	 	1.25 to 1.00
	 

Exhibit C

Form of Compliance Certificate

Schedule 2

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