Document:

EX-10.2

Exhibit 10.2

SECOND AMENDMENT TO CREDIT AGREEMENT

THIS SECOND AMENDMENT TO CREDIT AGREEMENT dated as of June 10, 2011 (the “Agreement”)
is entered into among Ancestry.com Operations Inc., a Delaware corporation (the
“Borrower”), the Guarantors, the Lenders party hereto and Bank of America, N.A., as
Administrative Agent, Swing Line Lender and L/C Issuer. All capitalized terms used herein and not
otherwise defined herein shall have the meanings given to such terms in the Credit Agreement (as
defined below).

RECITALS

WHEREAS, the Borrower, the Guarantors, the Lenders and Bank of America, N.A., as
Administrative Agent, Swing Line Lender and L/C Issuer entered into that certain Credit Agreement
dated as of September 9, 2010 (as amended or modified from time to time, the “Credit
Agreement”); and

WHEREAS, the Borrower has requested that the Lenders amend the Credit Agreement as set forth
below.

NOW, THEREFORE, in consideration of the premises and the mutual covenants contained herein,
and for other good and valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, the parties hereto agree as follows:

1. Amendment. A new sentence is hereby added at the end of Section 8.17 of
the Credit Agreement to read as follows:

Notwithstanding the foregoing prohibitions, it is understood and agreed that Holdings may
Guarantee Indebtedness and other obligations of any other Loan Party so long as such
Guarantee would otherwise be permitted by the terms of this Agreement and that Holdings may
enter into any agreement evidencing any such Guarantee.

2. Conditions Precedent. This Agreement shall be effective upon the receipt by the
Administrative Agent of counterparts of this Agreement duly executed by the Borrower, the
Guarantors, the Required Lenders and Bank of America, N.A., as Administrative Agent.

3. Miscellaneous.

(a) The Credit Agreement, as modified hereby, and the obligations of the Loan Parties
thereunder and under the other Loan Documents, are hereby ratified and confirmed and shall
remain in full force and effect according to their terms.

(b) Each Guarantor (a) acknowledges and consents to all of the terms and conditions of
this Agreement, (b) affirms all of its obligations under the Loan Documents as modified
hereby and (c) agrees that this Agreement and all documents executed in connection herewith
do not operate to reduce or discharge its obligations under the Credit Agreement or the
other Loan Documents.

(c) The Borrower and the Guarantors hereby represent and warrant as follows:

(i) Each Loan Party has taken all necessary action to authorize the execution,
delivery and performance of this Agreement.

 

 

 

(ii) This Agreement has been duly executed and delivered by the Loan Parties
and constitutes each of the Loan Parties’ legal, valid and binding obligations,
enforceable in accordance with its terms.

(iii) No consent, approval, authorization or order of, or filing, registration
or qualification with, any court or governmental authority or third party is
required in connection with the execution, delivery or performance by any Loan Party
of this Agreement.

(d) The Loan Parties represent and warrant to the Lenders that (i) the representations
and warranties of the Loan Parties set forth in Article VI of the Credit Agreement
and in each other Loan Document are true and correct in all material respects as of the date
hereof with the same effect as if made on and as of the date hereof, except to the extent
such representations and warranties expressly relate solely to an earlier date and (ii) no
event has occurred and is continuing which constitutes a Default or an Event of Default.

(e) This Agreement may be executed in any number of counterparts, each of which when so
executed and delivered shall be an original, but all of which shall constitute one and the
same instrument. Delivery of an executed counterpart of this Agreement by telecopy shall be
effective as an original and shall constitute a representation that an executed original
shall be delivered.

(f) THIS AGREEMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES HEREUNDER SHALL BE
GOVERNED BY AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW
YORK.

[Signature pages follow]

 

 

 

IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly executed as of
the date first above written.

	 	 	 	 	 
	BORROWER: 	 ANCESTRY.COM OPERATIONS INC.,

a Delaware corporation

 	 
	 	By:  	/s/ Howard Hochhauser
 	 
	 	 	Name:  	Howard Hochhauser 	 
	 	 	Title:  	Chief Financial Officer 	 
	 
	HOLDINGS:  	ANCESTRY.COM INC.,

a Delaware corporation

 	 
	 	By:  	/s/ Howard Hochhauser
 	 
	 	 	Name:  	Howard Hochhauser 	 
	 	 	Title:  	Chief Financial Officer 	 
	 
	GUARANTORS: 	 TGN SERVICES, LLC,

a Delaware limited liability company

 	 
	 	By:  	/s/ Howard Hochhauser
 	 
	 	 	Name:  	Howard Hochhauser 	 
	 	 	Title:                   	Manager 	 
	 
	 	IARCHIVES, INC.,

a Utah corporation

 	 
	 	By:  	/s/ Howard Hochhauser
 	 
	 	 	Name:  	Howard Hochhauser 	 
	 	 	Title:      	Chief Financial Officer 	 
	 
	 	ANCESTRY.COM DNA, LLC,

a Delaware limited liability company

 	 
	 	By:  	/s/ Howard Hochhauser
 	 
	 	 	Name:  	Howard Hochhauser 	 
	 	 	Title:                        	Manager 	 

ANCESTRY.COM

SECOND AMENDMENT TO CREDIT AGREEMENT

 

 

 

	 	 	 	 	 
	ADMINISTRATIVE AGENT: 	 BANK OF AMERICA, N.A.,

as Administrative Agent

 	 
	 	By:  	/s/ Brenda H. Little
 	 
	 	 	Name:  	Brenda H. Little 	 
	 	 	Title:                        Vice President 	 
	 
	LENDERS: 	 BANK OF AMERICA, N.A.,

as a Lender, Swing Line Lender and L/C Issuer

 	 
	 	By:  	/s/ Tasneem A Ebrahim
 	 
	 	 	Name:  	Tasneem A. Ebrahim 	 
	 	 	Title:                        Senior Vice President 	 
	 
	 	ZIONS FIRST NATIONAL BANK,

as a Lender

 	 
	 	By:  	/s/ Jim C. Stanchfield
 	 
	 	 	Name:  	Jim C. Stanchfield 	 
	 	 	Title:      Vice President 	 
	 
	 	MORGAN STANLEY BANK,

as a Lender

 	 
	 	By:  	                        /s/ Sharon Bazbaz
 	 
	 	 	Name:  	Sharon Bazbaz 	 
	 	 	Title:      Authorized Signatory 	 

ANCESTRY.COM

SECOND AMENDMENT TO CREDIT AGREEMENTEX-10.3

Exhibit 10.3

JOINDER AGREEMENT

THIS JOINDER AGREEMENT (the “Agreement”) dated as of April 28, 2011 is by and between
Ancestry.com DNA, LLC, a Delaware limited liability company (the “New Subsidiary”), and
Bank of America, N.A., in its capacity as Administrative Agent under that certain Credit Agreement
dated as of September 9, 2010 (as amended, modified, supplemented or extended from time to time,
the “Credit Agreement”) among Ancestry.com Operations Inc., a Delaware corporation (the
“Borrower”), the Guarantors, the Lenders from time to time party thereto and Bank of
America, N.A., as Administrative Agent, Swing Line Lender and L/C Issuer. Capitalized terms used
herein and not otherwise defined herein shall have the meanings assigned to such terms in the
Credit Agreement.

The Loan Parties are required by Section 7.12 of the Credit Agreement to cause the New
Subsidiary to become a “Guarantor” thereunder. Accordingly, the New Subsidiary hereby agrees as
follows with the Administrative Agent, for the benefit of the holders of the Obligations:

1. The New Subsidiary hereby acknowledges, agrees and confirms that, by its execution of this
Agreement, the New Subsidiary will be deemed to be a party to the Credit Agreement and a
“Guarantor” for all purposes of the Credit Agreement, and shall have all of the obligations of a
Guarantor thereunder as if it had executed the Credit Agreement. The New Subsidiary hereby
ratifies, as of the date hereof, and agrees to be bound by, all of the terms, provisions and
conditions applicable to the Guarantors contained in the Credit Agreement. Without limiting the
generality of the foregoing terms of this paragraph 1, the New Subsidiary hereby jointly and
severally together with the other Guarantors, guarantees to each Lender and the Administrative
Agent, as provided in Article IV of the Credit Agreement, the prompt payment and
performance of the Obligations in full when due (whether at stated maturity, as a mandatory
prepayment, by acceleration or otherwise) strictly in accordance with the terms thereof.

2. The New Subsidiary hereby acknowledges, agrees and confirms that, by its execution of this
Agreement, the New Subsidiary will be deemed to be a party to the Security Agreement and a
“Grantor” for all purposes of the Security Agreement, and shall have all the obligations of a
Grantor thereunder as if it had executed the Security Agreement. The New Subsidiary hereby
ratifies, as of the date hereof, and agrees to be bound by, all of the terms, provisions and
conditions contained in the Security Agreement. Without limiting the generality of the foregoing
terms of this paragraph 2, the New Subsidiary hereby grants to the Administrative Agent, for the
benefit of the holders of the Obligations, a continuing security interest in, and a right of set
off against, any and all right, title and interest of the New Subsidiary in and to the Collateral
(as defined in the Security Agreement) of the New Subsidiary to secure the prompt payment and
performance in full when due, whether by lapse of time, acceleration, mandatory prepayment or
otherwise, of the Secured Obligations (as defined in the Security Agreement).

3. The New Subsidiary hereby acknowledges, agrees and confirms that, by its execution of this
Agreement, the New Subsidiary will be deemed to be a party to the Pledge Agreement and a “Pledgor”
for all purposes of the Pledge Agreement, and shall have all the obligations of a Pledgor
thereunder as if it had executed the Pledge Agreement. The New Subsidiary hereby ratifies, as of
the date hereof, and agrees to be bound by, all of the terms, provisions and conditions contained
in the Pledge Agreement. Without limiting the generality of the foregoing terms of this paragraph
3, the New Subsidiary hereby grants, pledges and assigns to the Administrative Agent, for the
benefit of the holders of the Obligations, a continuing security interest in any and all right,
title and interest of the New Subsidiary in and to the Equity Interests identified on Schedule
6 hereto and all other Pledged Collateral (as defined in the Pledge Agreement) of the New
Subsidiary to secure the prompt payment and performance in full when due, whether by lapse of time,
acceleration, mandatory prepayment or otherwise, of the Secured Obligations (as defined in the
Pledge Agreement).

 

 

 

4. The New Subsidiary hereby represents and warrants to the Administrative Agent and the
Lenders that:

(a) The New Subsidiary’s exact legal name and state of formation are as set forth on
the signature pages hereto.

(b) The New Subsidiary’s taxpayer identification number and organization number are set
forth on Schedule 1 hereto.

(c) Other than as set forth on Schedule 2 hereto, the New Subsidiary has not
changed its legal name, changed its state of formation, been party to a merger,
consolidation or other change in structure in the five years preceding the date hereof.

(d) Schedule 3 hereto includes all of the IP Rights registered or pending
registration with the United States Copyright Office or the United States Patent and
Trademark Office and owned by the New Subsidiary as of the date hereof. None of the IP
Rights of the New Subsidiary set forth in Schedule 3 hereto is subject to any
licensing agreement or similar arrangement, except as set forth on Schedule 3
hereto.

(e) Schedule 4 hereto includes all Commercial Tort Claims asserted in any
judicial action before any Governmental Authority by or in favor of the New Subsidiary as of
the date hereof.

(f) Schedule 5 hereto lists all real property located in the United States that
is owned or leased by the New Subsidiary as of the date hereof.

(g) Schedule 6 hereto lists each Subsidiary of the New Subsidiary, together
with (i) jurisdiction of formation, (ii) number of shares of each class of Equity Interests
outstanding, (iii) the certificate number(s) of the certificates evidencing such Equity
Interests and number and percentage of outstanding shares of each class owned by the New
Subsidiary (directly or indirectly) of such Equity Interests and (iv) number and effect, if
exercised, of all outstanding options, warrants, rights of conversion or purchase and all
other similar rights with respect thereto.

5. The address of the New Subsidiary for purposes of all notices and other communications is
the address designated for all Loan Parties on Schedule 11.02 to the Credit Agreement or
such other address as the New Subsidiary may from time to time notify the Administrative Agent in
writing.

6. This Agreement may be executed in multiple counterparts, each of which shall constitute an
original but all of which when taken together shall constitute one contract.

7. THIS AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH THE
LAWS OF THE STATE OF NEW YORK.

 

 

 

IN WITNESS WHEREOF, the New Subsidiary has caused this Joinder Agreement to be duly executed
by its authorized officer, and the Administrative Agent, for the benefit of the holders of the
Obligations, has caused the same to be accepted by its authorized officer, as of the day and year
first above written.

	 	 	 	 	 
	 	ANCESTRY.COM DNA, LLC,

a Delaware limited liability company

 	 
	 	By:  	/s/ Howard Hochhauser
 	 
	 	 	Name:  	Howard Hochhauser 	 
	 	 	Title:  	Chief Financial Officer 	 
	 

Acknowledged and accepted:

BANK OF AMERICA, N.A.,

as Administrative Agent

	 	 	 	 	 
	By:

	 	/s/ Brenda H. Little	 	 
	 

	 	 

Name: Brenda H. Little
	 	 
	 

	 	Title:   Vice President	 	 

 

 

 

Schedule 1

Taxpayer Identification Number; Organizational Number

Federal Taxpayer Identification Number: 27-5466780

Delaware Organizational Number: 4946660

 

 

 

Schedule 2

Changes in Legal Name or State of Formation;

Mergers, Consolidations and other Changes in Structure

None.

 

 

 

Schedule 3

IP Rights

None.

 

 

 

Schedule 4

Commercial Tort Claims

None.

 

 

 

Schedule 5

Real Property Locations

None.

 

 

 

Schedule 6

Equity Interests

None.

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