Document:

Exhibit

Exhibit 10.1
EXECUTION VERSION

AMENDMENT NO. 11 TO CREDIT AGREEMENT
AMENDMENT NO. 11 TO CREDIT AGREEMENT, dated as of May 31, 2016 (“Amendment No. 11”), by and among TRANSUNION INTERMEDIATE HOLDINGS, INC. (f/k/a TRANSUNION CORP.), a Delaware corporation (“Holdings”), TRANS UNION LLC, a Delaware limited liability company (the “Borrower”), the Guarantors, DEUTSCHE BANK SECURITIES INC. (“DBSI”), as lead arranger (in such capacity, the “Lead Arranger”), DEUTSCHE BANK AG NEW YORK BRANCH (“DBNY”), as administrative agent (in such capacity, the “Administrative Agent”), as collateral agent (in such capacity, the “Collateral Agent”) and each of the lenders party hereto with a 2016 Incremental Term A Loan Commitment (as defined below) (each, a “2016 Incremental Term A Lender” and, collectively, the “2016 Incremental Term A Lenders”).  
WITNESSETH:
WHEREAS, Holdings, the Borrower, the Administrative Agent, the Guarantors party thereto from time to time and each Lender from time to time party thereto have previously entered into an Amendment No. 1 to Credit Agreement, dated as of February 10, 2011, which amended and restated that certain Credit Agreement, dated as of June 15, 2010, by and among Holdings, the Borrower, the Guarantors, Deutsche Bank Trust Company Americas, as Administrative Agent, and the lenders party thereto from time to time (as further amended, amended and restated, supplemented and/or otherwise modified through, but not including, there date hereof, including pursuant to Amendment No. 2, dated as of February 27, 2012, Amendment No. 3, dated as of April 17, 2012, Amendment No. 4, dated as of February 5, 2013, Amendment No. 5, dated as of November 22, 2013, Amendment No. 6, dated as of December 16, 2013, Amendment No. 7, dated as of April 9, 2014, Amendment No. 8, dated as of June 2, 2015, Amendment No. 9, dated as of June 30, 2015, and Amendment No. 10, dated as of March 31, 2016, collectively, the “Credit Agreement”) (capitalized terms not otherwise defined in this Amendment No. 11 have the same meanings as specified in the Credit Agreement); 
WHEREAS, pursuant to and in accordance with Section 2.14 of the Credit Agreement, the Borrower has notified the Administrative Agent of its request for commitments (each, a “2016 Incremental Term A Commitment”) to provide Incremental Term A Loans (as defined below) in an aggregate principal amount of $55,000,000 on the terms set forth in this Amendment No. 11 to be used for any purpose not prohibited by the Credit Agreement;
WHEREAS, subject to the terms and conditions set forth in Section 2.14 of the Credit Agreement and Section 2 hereof, each 2016 Incremental Term A Lender hereby severally agrees to provide a 2016 Incremental Term A Loan Commitment in the amount set forth opposite its name on Exhibit I attached hereto; and
WHEREAS, the Borrower has appointed DBSI, and DBSI has agreed, to act as sole lead arranger and book running manager with respect to this Amendment No. 11 and the 2016 Incremental Term A Loans provided for hereunder; and
NOW, THEREFORE, in consideration of the premises and for other good and valuable consideration, the sufficiency and receipt of all of which are hereby acknowledged, the parties hereto hereby agree as follows:
SECTION 1.  Terms of the 2016 Incremental Term A Loans and Related Amendments to the Credit Agreement. 
(a)     (i)    Each 2016 Incremental Term A Lender, the Borrower and the Administrative Agent acknowledge and agree that the 2016 Incremental Term A Loan Commitments provided pursuant to this Amendment No. 11 shall constitute Term Commitments of such 2016 Incremental Term A Lenders under the Credit Agreement.

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 (ii)  Subject to the satisfaction of the conditions set forth in Section 2 hereof, on the Amendment No. 11 Effective Date, each 2016 Incremental Term A Lender party hereto shall make a loan in respect of its 2016 Incremental Term A Loan Commitment (collectively, “2016 Incremental Term A Loans”) to the Borrower, which shall be added to and constitute a part of the Class of existing 2015 Term A Loans under the Credit Agreement prior to giving effect to this Amendment No. 11 (the “Existing Term A Loans”) for all purposes under the Credit Agreement.
(iii)  On or prior to the Amendment No. 11 Effective Date, the Borrower shall pay in cash all interest accrued on the Existing Term A Loans through the Amendment No. 11 Effective Date.  Notwithstanding anything to the contrary contained elsewhere in the Credit Agreement, (a) each Borrowing of Existing Term A Loans maintained as LIBOR Loans (each, an “Existing Term A Borrowing”) shall, upon the occurrence of the Amendment No. 11 Effective Date, continue to remain outstanding and (b) the 2016 Incremental Term A Loans shall be initially incurred pursuant to a single Borrowing of LIBOR Loans which shall be added to (and thereafter be deemed to constitute a part of) each then outstanding Existing Term A Borrowing on a pro rata basis, with such new Borrowing to be subject to (x) the same Interest Period applicable to each Existing Term A Borrowing to which it is so added and (y) the same LIBOR Rate applicable to the Existing Term A Borrowing to which it is so added.
(iv)  The Applicable Margin applicable to the 2016 Incremental Term A Loans shall be the same as currently provided to be applicable to the Existing Term A Loans.
(v)  The 2016 Incremental Term A Loans shall (a) rank pari passu in right of payment and pari passu in right of security with the Revolving Credit Loans, the Existing Term A Loans and the 2015 Term B-2 Loans and (b) be treated the same in all respects as the Existing Term A Loans except as otherwise set forth herein.
(vi)  Notwithstanding anything to the contrary contained in the Credit Agreement, all proceeds of the 2016 Incremental Term A Loans shall be used for general corporate purposes.  
(b)    Subject to the satisfaction (or waiver) of the conditions set forth in Section 2 hereof, the Credit Agreement is hereby amended as follows: 

(i) Section 1.01 of the Credit Agreement is amended by adding in the appropriate alphabetical order the following new definitions: 
“Amendment No. 11” means Amendment No. 11 to this Agreement, dated as of May 31, 2016, among Holdings, the Borrower, the other Loan Parties, DBNY, as the Administrative Agent and the 2016 Incremental Term A Lenders party thereto. 
“Amendment No. 11 Effective Date” means May 31, 2016 or, if different, the date of the effectiveness of Amendment No. 11 in accordance with Section 2 thereof. 
“Existing Term A Loan” has the meaning set forth in Amendment No. 11.

“Existing Term A Borrowing” has the meaning set forth in Amendment No. 11.

“2016 Incremental Term A Loans” means the 2016 Incremental Term A Loans in an aggregate principal amount of $55,000,000 provided to the Borrower on the Amendment No. 11 Effective Date pursuant to the terms of Amendment No. 11.
“2016 Incremental Term A Loan Commitment” means, for each 2016 Incremental Term A Lender, the amount set forth opposite its name on Exhibit I of Amendment No. 11.

“2016 Incremental Term A Lender” means each Lender or Additional Lender party to Amendment No. 11.

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(ii)  Section 1.01 of the Credit Agreement is hereby further amended by (i) inserting the following text “Commitments in respect of 2016 Incremental Term A Loans,” immediately after the text “Commitments in respect of Incremental Term B-2 Loans, ” and immediately before the text “Commitments in respect of 2016 Incremental Term B-2 Loans”, (ii) inserting the following text “2016 Incremental Term A Loans,” immediately after the text “Incremental Term B-2 Loans, ” and immediately before the text “2016 Incremental Term B-2 Loans” and (iii) adding the following sentence at the end, in each case of the definition of “Class”.

“For the avoidance of doubt and notwithstanding the foregoing, the 2016 Incremental Term A Lenders, the 2016 Incremental Term A Loan Commitments and the 2016 Incremental Term A Loans shall be considered to be of the same Classes, respectively, of 2015 Term A Lenders, 2015 Term A Commitments and 2015 Term A Loans and constitute 2015 Term A Lenders, 2015 Term A Commitments and 2015 Term A Loans, as the case may be, in all respects under this Agreement (including but not limited to Section 2.07(a)(ii)).”

(iii)  Section 1.01 of the Credit Agreement is hereby further amended by replacing the “and” immediately before clause (c) with “,” and adding a new clause (d) to the end of the definition of “Term Commitment” as follows:

“and (d) with respect to each 2016 Incremental Term A Lender on the Amendment No. 11 Effective Date, its respective 2016 Incremental Term A Loan Commitments, the aggregate amount of which is $55,000,000.” 

(iv)  Section 1.01 of the Credit Agreement is hereby further amended by amending and restating the definition of “Term Loan” in its entirety with the following:
““Term Loan” means (a) prior to the Amendment No. 8 Effective Date, 2014 Replacement Term Loans made pursuant to Amendment No. 7; (b) on and after the Amendment No. 8 Effective Date and prior to the Amendment No. 9 Effective Date, 2015 Term B-2 Loans made pursuant to Amendment No. 8 and Extended Term Loans, Incremental Term Loans, Refinancing Term Loans or Replacement Term Loans, as the context may require; (c) on and after the Amendment No. 9 Effective Date (i) 2015 Term B-2 Loans made pursuant to Amendment No. 8, (ii) 2015 Term A Loans made pursuant to Amendment No. 9 and (iii) Extended Term Loans, Incremental Term Loans, Refinancing Term Loans or Replacement Term Loans, as the context may require; (d) on or after the Amendment No. 10 Effective Date, (i) the 2015 Term B-2 Loans made pursuant to Amendment No. 8, (ii) the 2015 Term A Loans made pursuant to Amendment No. 9, (iii) the 2016 Incremental Term B-2 Loans made pursuant to Amendment No. 10 and (iv) Extended Term Loans, Incremental Term Loans, Refinancing Term Loans or Replacement Term Loans, as the context may require and (e) on or after the Amendment No. 11 Effective Date, (i) 2015 Term B-2 Loans made pursuant to Amendment No. 8, (ii) 2015 Term A Loans made pursuant to Amendment No. 9, (iii) the 2016 Incremental Term B-2 Loans made pursuant to Amendment No. 10, (iv) the 2016 Incremental Term A Loans made pursuant to Amendment No. 11 and (v) Extended Term Loans, Incremental Term Loans, Refinancing Term Loans or Replacement Term Loans, as the context may require.

(v)  Section 2.01(a) of the Credit Agreement is hereby amended by inserting a new clause (iv) as follows:
“(iv) 2016 Incremental Term A Loans.  Subject to the terms and conditions set forth in Amendment No. 11, each of the 2016 Incremental Term A Lenders severally, and not jointly with the other 2016 Incremental Term A Lenders, agrees to make to the Borrower on the Amendment No. 11 Effective Date a 2016 Incremental Term A Loan denominated in Dollars in a principal amount equal to such 2016 Incremental Term A Lender’s 2016 Incremental Term A Commitment.  Amounts borrowed under this Section 2.01(a)(iii) pursuant to Amendment No. 11 and repaid or prepaid may not be reborrowed.  2016 Incremental Term A Loans may be Base Rate Loans or LIBOR Loans, as further provided herein.

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(vi)  Section 2.06(b) of the Credit Agreement is hereby amended by inserting the following text immediately following the third sentence thereof:

“The 2016 Incremental Term A Loan Commitment of each 2016 Incremental Term A Lender shall automatically terminate in its entirety on the Amendment No. 11 Effective Date (after giving effect to the incurrence of the 2016 Incremental Term A Loans on such date).”

(vii)  Section 7.10 of the Credit Agreement is hereby amended by inserting the following text immediately after the third sentence thereof: 
“The proceeds of the 2016 Incremental Term A Loans incurred pursuant to Amendment No.11 shall be used for general corporate purposes.”
SECTION 2.  Conditions of Effectiveness of the 2016 Incremental Term A Loans and Related Amendments to the Credit Agreement.  The 2016 Incremental Term A Loans and related amendments to the Credit Agreement, as set forth in Section 1 hereof, shall become effective as to each signatory hereto as of the first date (the “Amendment No. 11 Effective Date”) on which the following conditions shall have been satisfied (or waived): 
(a) Holdings, the Borrower, the Guarantors, the Administrative Agent and the 2016 Incremental Term A Lenders, shall have signed a counterpart hereof (whether the same or different counterparts) and shall have delivered (including by way of facsimile transmission or electronic transmission) the same to the Administrative Agent (or its counsel); 
(b) the Borrower shall have paid, by wire transfer of immediately available funds, (i) all fees and reasonable out-of-pocket expenses (including the reasonable fees and expenses of White & Case LLP) to the extent invoiced at least three days prior to the Amendment No. 11 Effective Date, incurred by the Administrative Agent in connection with the preparation, negotiation and execution of this Amendment No. 11 and required to be paid in connection with this Amendment No. 11 pursuant to Section 10.04 of the Credit Agreement, (ii) any fees as have been separately agreed between the Borrower and 2016 Incremental Term A Lender and (iii) to the Administrative Agent, for the ratable account of each Lender existing immediately prior to the Amendment No. 11 Effective Date, all accrued but unpaid interest on the Existing Term Loans through the Amendment No. 11 Effective Date (but prior to giving effect thereto); 
(c) the Administrative Agent shall have received a certificate of a Responsible Officer of the Borrower, certifying that (i) the conditions precedent set forth in Section 4.01 of the Credit Agreement shall have been satisfied (or waived) on and as of the Amendment No. 11 Effective Date and (ii) the Borrower is in compliance with the covenant set forth in Section 7.11 of the Credit Agreement determined on a Pro Forma Basis as of the date of the most recently ended Test Period, as if such 2016 Incremental Term A Loans had been outstanding on the last day of such fiscal quarter of the Borrower; 
(d) the Administrative Agent shall have received (i) a copy of the certificate or articles of incorporation or organization, including all amendments thereto, of the Borrower, certified, if applicable, as of a recent date by the Secretary of State of the state of such Loan Party’s organization, and a certificate as to the good standing of such Loan Party as of a recent date, from such Secretary of State, and (ii) a certificate of the Secretary or Assistant Secretary of such Loan Party dated the Amendment No. 11 Effective Date and certifying (A) that attached thereto is a true and complete copy of the by-laws or operating (or limited liability company) agreement of such Loan Party as in effect on the Amendment No. 11 Effective Date or that the by-laws or operating (or limited liability company) agreement of such Loan Party have not been modified, rescinded or amended since the Amendment No. 10 Effective Date, (B) that attached thereto is a true and complete copy of resolutions duly adopted by the board of directors (or equivalent governing body) of such Loan Party authorizing the execution, delivery and performance of Amendment No. 11 and the borrowings hereunder, and that such resolutions have not been modified, rescinded or amended and are in full force and effect, (C) that the certificate or articles of incorporation or organization of such Loan Party have not been amended since the date of the last amendment thereto shown on the certificate of good standing furnished pursuant to clause (i) above, and (D) as to the incumbency and specimen signature of each officer executing Amendment No. 11 on behalf of such Loan Party and countersigned by another officer as to the incumbency and specimen signature of the Secretary or Assistant Secretary executing the certificate pursuant to clause (ii) above; 

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(e) the Administrative Agent shall have received a certificate, dated the Amendment No. 11 Effective Date and signed by a financial officer of the Borrower, certifying that Holdings and its Subsidiaries and the Borrower and its Subsidiaries, in each case on a consolidated basis after giving effect to the 2016 Incremental Term A Loans on the Amendment No. 11 Effective Date, are Solvent as of the Amendment No. 11 Effective Date; 
(f) the Administrative Agent shall have received a Guarantor Consent and Reaffirmation, substantially in the form attached hereto as Annex A, duly executed and delivered by each Guarantor (the terms of which are hereby incorporated by reference herein); 
(g)  the Administrative Agent shall have received from Simpson Thacher & Bartlett LLP, special counsel to the Borrower, (an opinion addressed to the Administrative Agent, the Collateral Agent and the 2016 Incremental Term A Lenders and dated the Amendment No. 11 Effective Date, which opinions shall be in form and substance reasonably satisfactory to the Administrative Agent; 
(h)  the proceeds of the Term Loans incurred pursuant to Amendment No. 11 shall be used for general corporate purposes; and
(i)  the Administrative Agent shall have received at least three (3) Business Days prior to the Amendment No. 11 Effective Date all documentation and other information about the Borrower and each Guarantor reasonably requested in writing by it at least eight (8) Business Days prior to the Amendment No. 11 Effective Date required in order to comply with applicable “know your customer” and anti-money laundering rules and regulations, including the USA Patriot Act.
SECTION 3.  Representations and Warranties.  Holdings, the Borrower and each of the other Loan Parties represent and warrant as follows as of the date hereof: 
(a) The execution, delivery and performance by each Loan Party to this Amendment No. 11 are within such Loan Party’s corporate or other powers and have been duly authorized by all necessary corporate or other organizational action.  Neither the execution, delivery nor performance by each Loan Party of this Amendment No. 11 will (i) contravene the terms of such Person’s Organization Documents; (ii) conflict with or result in any breach or contravention of, or the creation of any Lien (other than Permitted Liens) under (x) any Contractual Obligation to which such Person is a party or by which it or any of its properties of such Person or any of its Restricted Subsidiaries is bound or by which it may be subject or (y) any order, injunction, writ or decree of any Governmental Authority or any arbitral award to which such Person or its property is subject; or (iii) violate any applicable material Law, in each case, except to the extent that any such violation, conflict, breach, contravention or payment could not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect. 
(b)   This Amendment No. 11 has been duly executed and delivered by each Loan Party that is a party hereto and constitutes a legal, valid and binding obligation of each Loan Party that is a party hereto or thereto, enforceable against such Loan Party in accordance with its terms, except as such enforceability may be limited by Debtor Relief Laws and by general principles of equity.  
(c)   Upon the effectiveness of this Amendment No. 11 and both before and immediately after giving effect to this Amendment No. 11 and the making of the 2016 Incremental Term A Loans as contemplated herein and the use of the proceeds thereof, (i) no Default or Event of Default exists and (ii) the Borrower is in compliance with the covenant set forth in Section 7.11 of the Credit Agreement determined on a Pro Forma Basis as of the date of the most recently ended Test Period, as if such 2016 Incremental Term A Loans had been outstanding on the last day of such fiscal quarter of the Borrower. 

(d)   Each of the representations and warranties of Holdings, the Borrower and each other Loan Party contained in Article V of the Credit Agreement or any other Loan Document immediately before and after giving effect to each and all parts of this Amendment No. 11 is true and correct in all material respects on and as of the date hereof; provided that, to the extent that such representations and warranties specifically refer to an earlier date, they are true and correct in all material respects as of such earlier date.
(e)  The 2016 Incremental Term A Loans have been incurred in compliance with the requirements of Section 

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2.14 of the Credit Agreement. 
SECTION 4. Post-Effectiveness Obligations. 
Within ninety (90) days after the Amendment No. 11 Effective Date, unless waived or extended in writing by the Administrative Agent in its reasonable discretion, with respect to the Mortgaged Property, the Borrower shall deliver or shall cause the applicable Loan Party to deliver, to the Administrative Agent, on behalf of the Secured Parties, the following: 

(i) with respect to the existing Mortgage, a date down endorsement to the existing Mortgage Policy which shall be in form and substance customary in the state in which the property is located, shall be reasonably satisfactory to the Administrative Agent and reasonably assures the Administrative Agent as of the date of such endorsement that that the Property (as defined in the existing Mortgage) subject to the Lien of the existing Mortgage is free and clear of all Liens other than Permitted Liens; 

(ii) with respect to the Mortgaged Property, such affidavits, certificates, information and instruments of indemnification as shall be required to induce the title insurance company to issue the date down endorsement to the Mortgage Policy contemplated in subparagraph (i) of this Section 4 and evidence of payment of all applicable title insurance premiums, search and examination charges, mortgage recording taxes, recording fees and related charges required for the issuance of such endorsement to the Mortgage Policy and the recording of the Mortgage Amendment (as defined below); 
(iii) an executed amendment to the existing Mortgage (the “Mortgage Amendment” and the existing Mortgage, as amended by such Mortgage Amendment, if any, a “Mortgage”), in form and substance reasonably acceptable to the Administrative Agent, together with evidence of completion (or satisfactory arrangements for the completion) of all recordings and filings of the Mortgage Amendment as may be necessary to protect and preserve the Lien of the Mortgage; and
(iv) an opinion addressed to the Administrative Agent and the Secured Parties, in form and substance reasonably satisfactory to the Administrative Agent, from local counsel in the jurisdiction in which the Mortgaged Property is located; 
provided that, the requirements under this Section 4 shall be deemed satisfied to the extent that the items described herein are delivered pursuant to Section 4 of Amendment No. 10.
SECTION 5.  Reference to and Effect on the Credit Agreement and the Loan Documents. 

(a) On and after the Amendment No. 11 Effective Date, (i) each reference in the Credit Agreement to “this Agreement,” “hereunder,” “hereof” or words of like import referring to the Credit Agreement shall mean and be a reference to the Credit Agreement, as amended by this Amendment No. 11, (ii) each 2016 Incremental Term A Lender shall constitute a “Lender” as defined in the Credit Agreement, and (iii) the 2016 Incremental Term A Loans shall constitute “Incremental Term Loans” and “Term Loans” as defined in the Credit Agreement.   
(b) The Credit Agreement and each of the other Loan Documents, as specifically amended by this Amendment No. 11, are and shall continue to be in full force and effect and are hereby in all respects ratified and confirmed.  Without limiting the generality of the foregoing, the Collateral Documents and all of the Collateral described therein do and shall continue to secure the payment of all Obligations of the Loan Parties under the Loan Documents, in each case, as amended by this Amendment No. 11. 
(c) The execution, delivery and effectiveness of this Amendment No. 11 shall not, except as expressly provided herein, operate as a waiver of any right, power or remedy of any Lender or the Administrative Agent under any of the Loan Documents, nor constitute a waiver of any provision of any of the Loan Documents.  On and after the effectiveness of this Amendment No. 11, this Amendment No. 11 shall for all purposes constitute a Loan Document.  

SECTION 6.  Execution in Counterparts. This Amendment No. 11 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 

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instrument.  Delivery by facsimile or electronic transmission of an executed counterpart of a signature page to this Amendment No. 11 shall be effective as delivery of an original executed counterpart of this Amendment No. 11. 

SECTION 7.  Governing Law. This Amendment No. 11 shall be governed by, and construed in accordance with, the law of the State of New York. 
SECTION 8.  Successors and Assigns. This Amendment No.11 shall inure to the benefit of, and shall be binding upon, the respective successors and assigns of the parties hereto. 

[The remainder of this page is intentionally left blank.]

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IN WITNESS WHEREOF, the parties hereto have caused this Amendment No. 11 to be executed by their respective officers thereunto duly authorized, as of the date first above written.
TRANSUNION INTERMEDIATE HOLDINGS, INC.
By:_/s/ Michael J. Forde______________
Name: Michael J. Forde
Title:   Senior Vice President and Secretary
TRANS UNION LLC
By:_/s/ Michael J. Forde______________
Name: Michael J. Forde
Title:   Senior Vice President and Secretary
TRANSUNION INTERACTIVE, INC.
By:_/s/ Michael J. Forde______________
Name: Michael J. Forde
Title:   Senior Vice President and Secretary
TRANSUNION RENTAL SCREENING SOLUTIONS, INC.
By:_/s/ Michael J. Forde______________
Name: Michael J. Forde
Title:   Senior Vice President and Secretary
VISIONARY SYSTEMS, INC.
By:_/s/ Michael J. Forde______________
Name: Michael J. Forde
Title:   Senior Vice President and Secretary
TransUnion Amendment No. 11 - Signature Page

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TRANSUNION TELEDATA LLC
By:_/s/ Michael J. Forde______________
Name: Michael J. Forde
Title:   Senior Vice President and Secretary
DIVERSIFIED DATA DEVELOPMENT CORPORATION
By:_/s/ Michael J. Forde______________
Name: Michael J. Forde
Title:   Senior Vice President and Secretary
TRANSUNION FINANCING CORPORATION
By:_/s/ Michael J. Forde______________
Name: Michael J. Forde
Title:   Senior Vice President and Secretary
TRANSUNION RISK AND ALTERNATIVE DATA SOLUTIONS, INC.
By:_/s/ Michael J. Forde______________
Name: Michael J. Forde
Title:   Senior Vice President and Secretary
TRANSUNION HEALTHCARE, INC.
By:_/s/ Michael J. Forde______________
Name: Michael J. Forde
Title:   Senior Vice President and Secretary

TransUnion Amendment No. 11 - Signature Page

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DEUTSCHE BANK AG NEW YORK BRANCH, as Administrative Agent and Collateral Agent
By:_/s/ Peter Cucchiara______________
Name: Peter Cucchiara
Title:   Vice President
By:_/s/ Michael Shannon_____________
Name: Michael Shannon
Title:   Vice President

DEUTSCHE BANK SECURITIES INC., as Lead Arranger
By:_/s/ Christopher Blum____________
Name: Christopher Blum
Title:   Managing Director
By:_/s/ Chase Arnold_______________
Name: Chase Arnold
Title:   Managing Director
 

TransUnion Amendment No. 11 - Signature Page

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CAPITAL ONE, as a Lender
By:_/s/ Sean C. Horridge__________
Name: Sean C. Horridge
Title:   Vice President

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ANNEX A
GUARANTOR CONSENT AND REAFFIRMATION
May 31, 2016
Reference is made to (a) the Credit Agreement dated as of June 15, 2010, among TRANSUNION INTERMEDIATE HOLDINGS, INC. (f/k/a TRANSUNION CORP.), a Delaware corporation (“Holdings”), TRANS UNION LLC, a Delaware limited liability company (the “Borrower”), the Guarantors party thereto from time to time, DEUTSCHE BANK TRUST COMPANY AMERICAS, as Administrative Agent and Collateral Agent, each lender from time to time party thereto (collectively, the “Lenders” and individually, a “Lender”), as amended and restated pursuant to Amendment No. 1, dated as of February 10, 2011, as further amended, amended and restated, supplemented and/or otherwise modified pursuant to Amendment No. 2, dated as of February 27, 2012, Amendment No. 3, dated as of April 17, 2012, Amendment No. 4, dated as of February 5, 2013, Amendment No. 5, dated as of November 22, 2013, Amendment No. 6 dated as of December 16, 2013, Amendment No. 7, dated as of April 9, 2014, Amendment No. 8, dated as of June 2, 2015, Amendment No. 9, dated as of June 30, 2015, and Amendment No. 10, dated as of March 31, 2016 (the “Credit Agreement”) and (b) Amendment No. 11 to Credit Agreement dated as of May 31, 2016 (“Amendment No. 11”) among Holdings, the Borrower, DEUTSCHE BANK AG NEW YORK BRANCH, as Administrative Agent, as Collateral Agent, and each other 2016 Incremental Term A Lender party thereto.  Capitalized terms used but not otherwise defined in this Guarantor Consent and Reaffirmation (this “Consent”) are used with the meanings attributed thereto in the Credit Agreement or Amendment No. 11, as the context requires.
Each Guarantor hereby consents to the execution, delivery and performance of Amendment No. 11, including the making of the 2016 Incremental Term A Loans contemplated thereby, and agrees that each reference to the Credit Agreement in the Loan Documents shall, on and after the Amendment No. 11 Effective Date, be deemed to be a reference to the Credit Agreement as amended by Amendment No. 11.
Each Guarantor hereby acknowledges and agrees that, after giving effect to Amendment No. 11, all of its respective Obligations under the Loan Documents to which it is a party, as such Obligations have been amended by Amendment No. 11, are reaffirmed, and remain in full force and effect.
After giving effect to Amendment No. 11, each Guarantor reaffirms each Lien granted by it to the Administrative Agent for the benefit of the Secured Parties under each of the Loan Documents to which it is a party, which Liens shall continue in full force and effect during the term of the Credit Agreement as amended by Amendment No. 11, and shall continue to secure the Secured Obligations (after giving effect to Amendment No. 11), in each case, on and subject to the terms and conditions set forth in the Credit Agreement, as amended by Amendment No. 11, and the other Loan Documents. 
Nothing in this Consent shall create or otherwise give rise to any right to consent on the part of the Guarantors to the extent not required by the express terms of the Loan Documents. 
This Consent is a Loan Document and shall be governed by, and construed and inter-preted in accordance with, the law of the state of New York. 

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IN WITNESS WHEREOF, the parties hereto have duly executed this Consent as of the date first set forth above.

TRANSUNION INTERMEDIATE HOLDINGS, INC.
By:______________________________
Name:
Title:
TRANSUNION INTERACTIVE, INC.
By:______________________________
Name:
Title:
TRANSUNION RENTAL SCREENING SOLUTIONS, INC.
By:______________________________
Name:
Title:
VISIONARY SYSTEMS, INC.
By:______________________________
Name:
Title:
TRANSUNION TELEDATA LLC
By:______________________________
Name:
Title:
[TransUnion Consent and Reaffirmation - Signature Page]

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DIVERSIFIED DATA DEVELOPMENT CORPORATION
By:______________________________
Name:
Title: 

TRANSUNION FINANCING CORPORATION
By:______________________________
Name:
Title:
TRANSUNION RISK AND ALTERNATIVE DATA SOLUTIONS, INC.
By:______________________________
Name:
Title:
TRANSUNION HEALTHCARE, INC.
By:______________________________
Name:
Title:

[TransUnion Consent and Reaffirmation - Signature Page]EXHIBIT I

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2016 INCREMENTAL TERM A LOAN COMMITMENTS
	
		
	Capital One
	$55,000,000

15Execution Copy

 

NONCOMPETE
AGREEMENT

 

THIS NONCOMPETE AGREEMENT (this “Agreement”)
dated as of May 26, 2016, is made by and among HCSB Financial Corporation, a South Carolina corporation (the “Company”),
Horry County State Bank, a South Carolina state-chartered commercial bank, which is a wholly owned subsidiary of the Company
(the “Bank” and collectively with the Company, the “Employer”), and Janet H. Hollar, an individual
resident of South Carolina (the “Executive”).

 

WHEREAS, Executive is presently employed
as the Chief Executive Officer of the Company and the Bank, having been hired to such positions on April 11, 2016 pursuant to the
terms of that certain employment agreement between the Executive, the Bank, and the Company (the “Employment Agreement”)
entered into on or about the date hereof.

 

WHEREAS, during the course of her employment,
Executive will develop relationships with employees and customers of the Employer, which the Employer desires to protect following
the termination of the Executive’s employment with the Employer.

 

WHEREAS, the Executive acknowledges that
(i) the Employer invests significant time, effort, and resources in obtaining customers of the Bank, (ii) the Employer’s
success depends upon obtaining, developing, and maintaining its customer base, (iii) the Executive’s contact with customers
in performing services under the Employment Agreement constitutes a position of trust which may result in the establishment of
a relationship whereby the Executive could influence the future actions of customers relative to continued support and investment
and as a customer of the Bank, and (iv) that if a business relationship between the Employer and a customer at which or for whom
the Executive performed services under the Employment Agreement is terminated because the Executive solicited or agreed to perform
similar services as provided for under the Employment Agreement, then the Employer would be damaged and the solicitation by the
Executive would constitute a breach of trust and duty of loyalty by the Executive and an interference with the relationship between
the customer and the Employer.

 

WHEREAS, the Executive is willing to forego
her rights to compete with the Employer for a period of one year following the termination of the Executive’s employment with the
Employer for that certain consideration stated below.

 

NOW, THEREFORE, in consideration of the
premises, the mutual covenants and agreements set forth in this Agreement, and other good and valuable consideration the receipt,
mutuality and sufficiency of which are hereby acknowledged, the parties hereto agree as follows:

 

    	 

     

    

 

		1.	Restrictive Covenants.

 

(a)      No Solicitation of Customers.
During the Executive’s employment with the Employer and for a period of 12 months thereafter, the Executive shall not (except
on behalf of or with the prior written consent of the Employer), either directly or indirectly, on the Executive’s own behalf
or in the service or on behalf of others, (i) solicit, divert, or appropriate to or for a Competing Business, or (ii) attempt to
solicit, divert, or appropriate to or for a Competing Business any person or entity that is or was a customer of the Company or
any of its Affiliates on the date of termination and with whom the Executive has had material contact.

 

(b)       No Recruitment of Personnel.
During the Executive’s employment with the Employer and for a period of 12 months thereafter, the Executive shall not, either
directly or indirectly, on the Executive’s own behalf or in the service or on behalf of others, (i) solicit, divert or hire
away; or (ii) attempt to solicit, divert, or hire away to any Competing Business, any employee of or consultant to the Company
or any of its Affiliates engaged or experienced in the Business, regardless of whether the employee or consultant is full-time
or temporary, the employment or engagement is pursuant to written agreement, or the employment is for a determined period or is
at will.

 

(c)      Non-Competition
Agreement. During the Executive’s employment with the Employer and for a period of 12 months thereafter, the Executive
shall not (without the prior written consent of the Employer) compete with the Company or any of its Affiliates by, directly or
indirectly, forming, serving as an organizer, director or officer of, or consultant to, or acquiring or maintaining more than
a 1% passive investment in, a depository financial institution or holding company therefor if such depository institution or holding
company has one or more offices or branches located in the Territory. Notwithstanding the foregoing, the Executive may serve as
an officer of or consultant to a depository institution or holding company therefor even though such institution operates one
or more offices or branches in the Territory, if the Executive’s employment does not directly involve, in whole or in part,
the depository financial institution’s or holding company’s operations in the Territory.

 

(d)      Geographic
Scope. The restrictions on competition set forth in Section 1 shall apply to the Executive’s activities within the Territory.
However, the restrictions are intended to apply only with respect to personal activities of Executive within the Territory and
shall not deemed to apply if Executive is employed by an entity that has branch offices within the Territory but Executive does
not personally work in or have any business contacts with persons in the Territory.

 

    	 	-2-	 

     

    

(e)      Enforceability
of Covenants.  Executive acknowledges that the term, geographic area, and scope of the covenants set forth in this
Agreement are reasonable, and agrees that she will not, in any action, suit or other proceeding, deny the reasonableness of, or
assert the unreasonableness of, the premises, consideration or scope of the covenants set forth herein. Executive agrees that
her position as employee of the Employer, involves duties and authority relating to all aspects of the Business and all of the
Territory. Executive further acknowledges that complying with the provisions contained in this Agreement will not preclude her
from engaging in a lawful profession, trade or business, or from becoming gainfully employed. Executive and Employer agree that
Executive’s obligations under the above covenants are separate and distinct under this Agreement, and the failure or alleged
failure of the Employer to perform its obligations under any other provisions of this Agreement shall not constitute a defense
to the enforceability of this covenant. It is the intention of the parties that, if any court construes any provision or clause
of this Agreement, or any portion thereof, to be illegal, void, or unenforceable because of the duration of such provision or
the area or matter covered thereby, such court shall reduce the duration, area, or matter of such provision, and, in its reduced
form, such provision shall then be enforceable and shall be enforced. Executive acknowledges and agrees that any breach or threatened
breach of this covenant will result in irreparable damage and injury to the Employer and that Employer will be entitled to exercise
all rights including, without limitation, obtaining one or more temporary restraining orders, injunctive relief and other equitable
relief, including specific performance in the event of any breach or threatened breach of this Agreement, in any federal or state
court of competent jurisdiction in South Carolina without the necessity of posting any bond or security (all of which are waived
by the Executive), and to exercise all other rights or remedies, at law or in equity, including, without limitation, the rights
to damages. The Executive and the Employer hereby agree that they will negotiate in good faith to amend this Agreement from time
to time to modify the terms of Sections 1(a), 1(b) and 1(c) and the definition of the term “Business,” to reflect
changes in the Employer’s business affairs so that the scope of the limitations placed on the Executive’s activities
by Section 1 accomplishes the parties’ intent in relation to the then current facts and circumstances. Any such amendment
shall be effective only when completed in writing and signed by the Executive and the Employer.

 

2.      Extension of Term of Restrictions.
If the Executive violates any of the restrictions set forth in Section 1 of this Agreement, the duration of such restriction
shall be extended by a number of days equal to the number of days in which the Executive shall have been determined to be or shall
have admitted to being in violation of such restriction.

 

3.      Remedies.
The Executive acknowledges and agrees that great loss and irreparable damage would be suffered by the Employer if the Executive
should breach or violate any of the terms or provisions of the covenants and agreements set forth in Section 1 of this Agreement.
The Executive further acknowledges and agrees that each of these covenants and agreements is reasonably necessary to protect and
preserve the interests of the Employer and agrees that money damages for any breach of such provisions by the Executive are impossible
to measure and that the Executive or any of the Executive’s affiliates, as the case may be, will, to the extent permitted
by law, waive in any proceeding initiated to enforce such sections any claim or defense that an adequate remedy at law exists.
The existence of any claim, demand, action or cause of action against the Employer, whether predicated upon this Agreement or
otherwise, shall not constitute a defense to the enforcement by the Employer of any of the covenants or agreements in this Agreement;
provided, however, that nothing in this Agreement shall be deemed to deny the Executive the right to defend against
this enforcement on the basis that the Employer has no right to its enforcement under the terms of this Agreement. The remedies
of a party provided in this Agreement are cumulative and shall not exclude any other remedies to which any party may be lawfully
entitled under this Agreement or applicable law, and the exercise of a remedy shall not be deemed an election excluding any other
remedy (any such claim by the other party being hereby waived).

 

    	 	-3-	 

     

    

4.      Consideration.
In consideration of the foregoing covenants and agreements of the Executive herein contained, the Employer hereby agrees to pay
the Executive an amount equal to her then current monthly base salary on the last business day of each month for a period of twelve
months following the termination of the Executive’s employment with the Employer; provided further that the Employer’s
obligations to make such payments shall terminate immediately upon the Executive’s violation of the restrictive covenants
of Section 1(a-c) of this Agreement.  The Bank and the Company shall apportion the
payments paid to the Executive pursuant to this Agreement among themselves as they may agree from time to time in proportion to
services historically rendered by the Executive for such entity; provided, however, that they must satisfy in full all such obligations
in a timely manner as set forth in this Agreement regardless of any agreed-upon apportionment. Executive’s receipt of satisfaction
in full of any such obligation from the Company or the Bank shall extinguish the obligations of the other with respect to such
obligation.

 

5.      Code
Section 280G Compliance. The parties intend that the payments provided for herein are reasonable compensation for Executive’s
services to the Employer and shall not constitute “excess parachute payments” within the meaning of Section 280G of
the Internal Revenue Code of 1986, as amended (the “Code”), and any regulations thereunder. If the Employer’s
independent accounting firm or independent tax counsel appointed by the Employer (“Tax Counsel”) determine that any
or the aggregate value (as determined pursuant to Section 280G of the Code) of all payments, distributions, accelerations of vesting,
awards and provisions of benefits by the Employer to or for the benefit of Executive (whether paid or payable, distributed or
distributable, accelerated, awarded or provided pursuant to the terms of this Agreement or otherwise), (a “Payment”)
would constitute an excess parachute payment and be subject to the excise tax imposed by Section 4999 of the Code (the “Excise
Tax”), such Payment shall be reduced to the least extent necessary so that no portion of the Payment shall be subject to
the Excise Tax, but only if, by reason of such reduction, the net after-tax benefit received by the Executive as a result of such
reduction will exceed the net after-tax benefit that would have been received by the Executive if no such reduction were made.
The Payment shall be reduced by the Employer pursuant to the foregoing sentence in a manner that Tax Counsel determines maximizes
the Executive’s economic position. In applying this principle, the reduction shall be made in a manner consistent with the
requirements of Section 409A of the Code, and where Tax Counsel determines that two economically equivalent amounts are subject
to reduction but payable at different times, such amounts shall be reduced on a pro rata basis but not below zero. If, however,
such Payment is not reduced as described above, then such Payment shall be paid in full to the Executive and the Executive shall
be responsible for payment of any Excise Taxes relating to the Payment.

 

All calculations and determinations under
this Section 5 shall be made by Tax Counsel whose determinations shall be conclusive and binding on the Employer and the Executive
for all purposes. For purposes of making the calculations and determinations required by this Section 5, the Tax Counsel may rely
on reasonable, good faith assumptions and approximations concerning the application of Section 280G and Section 4999 of the Code.
The Employer and the Executive shall furnish Tax Counsel with such information and documents as Tax Counsel may reasonable request
in order to make its determinations under this Section. The Employer shall bear all costs the Tax Counsel may reasonably incur
in connection with its services. In connection with making determinations under this Section 5, the Tax Counsel shall take into
account the value of any reasonable compensation for services to be rendered by the Executive before or after the Change in Control,
including without limitation, the Executive’s agreeing to refrain from performing services pursuant to a covenant not to
compete or similar covenant, and the Employer shall cooperate in good faith in connection with any such valuations and reasonable
compensation positions. Without limiting the generality of the foregoing, for purposes of this provision, the Employer agrees to
allocate as consideration for the covenants set forth in Section 1 the maximum amount of compensation and benefits payable under
Section 4 hereof reasonably allocable thereto so as to avoid, to the extent possible, subjecting any payment to tax under Section
4999 of the Code.

 

    	 	-4-	 

     

    

6.      Certain
Definitions.

 

(a)      “Affiliate”
shall mean any business entity controlled by, controlling or under common control with the Company, including but not limited
to the Bank.

 

(b)      “Business”
shall mean the operation of a depository financial institution,including, without limitation, the solicitation and acceptance
of deposits of money and commercial paper, the solicitation and funding of loans and the provision of other banking services, and
any other related business engaged in by the Bank or any of its Affiliates as of the date of termination.

 

(c)      “Change
in Control” shall mean as defined by Treasury Regulation
§ 1.409A-3(i)(5).

 

(d)      “Competing
Business” shall mean any business that, in whole or in part, is the same or substantially the same as the Business.

 

(e)      “Territory”
shall mean a radius of 30 miles from (i) the main office of the Bank or (ii) any branch or loan production office of the Bank.

 

7.      Miscellaneous.

 

(a)       This Agreement constitutes the entire agreement
between the parties hereto and supersedes all prior agreements, if any, understandings and arrangements, oral or written, between
the parties hereto with respect to the subject matter hereof.

 

 (b)       The
rights and obligations of this Agreement shall bind and inure to the benefit of the surviving entity in any merger or consolidation
in which the Company or the Bank is a party, or any assignee of all or substantially all of the Company’s or the Bank’s
business and properties. The Executive’s rights and obligations under this Agreement may not be assigned by her, except
that her right to receive payments, if any, provided under this Agreement shall pass after death to the personal representatives
of her estate.

 

(c)      Failure
of the Employer to enforce any of the provisions of this Agreement or any rights with respect thereto shall in no way be considered
to be a waiver of such provisions or rights, or in any way affect the validity of this Agreement.

 

(d)      This
Agreement may be executed in several counterparts, each of which shall be deemed an original instrument, but all of which together
shall constitute one and the same instrument.

 

    	 	-5-	 

     

    

(e)      This
Agreement and all rights hereunder shall be governed by the laws of the State of South Carolina, except to the extent governed
by the laws of the United States of America in which case federal laws shall govern. The
parties agree that any appropriate state court located in Horry County, South Carolina or federal court for the District of South
Carolina shall have exclusive jurisdiction of any case or controversy arising under or in connection with this Agreement shall
be a proper forum in which to adjudicate such case or controversy. The parties consent and waive any objection to the jurisdiction
or venue of such courts.

 

(f)      Notices
or other communications required or permitted hereunder shall be in writing and sufficient if delivered personally, by facsimile
transmission, or by registered or certified mail, postage pre-paid, if to the Employer, at the addresses set forth below (or at
such other address as may be provided hereunder), and if to the Executive, to the address set forth underneath the Executive’s
signature below, and shall be deemed to have been delivered as of the date so delivered.

 

	 	Employer:	Horry County State Bank 
	 	 	HCSB Financial Corporation
	 	 	3640 Ralph Ellis Boulevard
	 	 	Loris, South Carolina 29569
	 	 	Attention: Chairperson, Compensation Committee
	 	 	 
	 	Copy to Counsel:   	Nelson Mullins Riley & Scarborough LLP
	 	 	Poinsett Plaza, Suite 900
	 	 	104 South Main Street
	 	 	Greenville, SC 29601
	 	 	Attention:  Neil E. Grayson
	 	 	Email: neil.grayson@nelsonmullins.com

 

 

[signatures appear on following page]

 

    	 	-6-	 

     

    

IN WITNESS WHEREOF, this Agreement has
been duly executed and delivered by the parties, under seal, as of the date first above written.

 

 

	 	HCSB FINANCIAL CORPORATION
	Attest:	 	 	 
	 	 	 	 
	/s/ V. Denise Floyd	 	By: 	   /s/ Michael S. Addy	 
	Secretary	Name: 	 Michael S. Addy	 
	 	Title:  	Chairman	 
	[SEAL]	 	 	 
	 	 
	 	 
	 	HORRY COUNTY STATE BANK
	 	 	 	 
	Attest:	 	 	 
	 	 	 	 
	/s/ V. Denise Floyd	 	By: 	   /s/ Michael S. Addy	 
	Secretary	Name:	    Michael S. Addy	 
	 	Title: 	 Chairman	 
	[SEAL]	 	 	 

 

As to the Executive,

signed and sealed in the

presence of:

 

	/s/ Jennifer W. Harris 	 	  /s/ Janet H. Hollar	 
	 	 	Janet H. Hollar	 
	 	 	 	 
	 	 	 	 
	 	 	Address for Notices:	 
	 	 	 	 
	 	 	 	 
	 	 	 	 
	 	 	 	 

 

    	 	-7-

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